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IPFS News Link • Central Banks/Banking

"Simply Insane" Central Banks Attack Cryptocurrencies

• https://www.zerohedge.com by Daniel Lacalle

 While savers see their deposits disappear with negative real rates and devaluations, while central banks seek at all costs to impoverish their neighbors through devaluations to benefit deficit-ridden states, financial repression continues to generate responses from citizens, who seek to safeguard their savings from the monster confiscator: devaluation and inflation.

The main factor that has led Bitcoin to skyrocket is the global fiat currency debasement. In a year where headlines talked about a weak dollar, the US currency has strengthened relative to 67 currencies. It is not weak dollar, but weak fiat currencies.


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