Any new credit created causes a devaluation of the existing currency, thus inflation takes away your current currency based wealth and your earning power as well as your power to pay interest on any existing debt and your power to buy future goods. why is this hard to understand?
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Isn’t it good to be holding debt when new credit is issued thereby becoming the benefactor of said inflation ?
Not at the end of a 100 yr “credit cycle” (engineered everything bubble) everything is a collapsing currency derivative. Id rather hold digital property with no counter party risk #btc 🤷♂️