By understanding why they even exist, all the pieces of the puzzle fall into place.
The validity of any theoretical framework can be judged by its predictive power.
You may have noticed that everything – from politics to the stock market – is drastically influenced by a central committee – the Federal Reserve.
However, one Keynesian prediction for the post-WWII era was another great depression due to the demobilization of millions of personnel involved with the war effort.
At the time, top Keynesian economists held a firm belief that such a sudden influx would spike double-digit unemployment which would destabilize the economy because it can’t adjust on its own.
When you look at the numbers, by 1947, government spending fell by 75% at the same time as federal tax revenue only dropped by 11%.
Unfortunately, facts don’t matter when central control gears have already been put in motion – setting up the International Monetary Fund in 1944 – explicitly based on Keynesian economic musings.
When the United States embarked on this project of hyper-centralization, the IMF was established as a stabilizer of currency exchange rates during the Bretton Woods period that lasted until 1971 when President Nixon abolished the gold standard.
Contrary to its stated goal, wherever the IMF exerts its lending influence, it tends to leave behind indebted and impoverished nations.
Indeed, those issues relate to Bitcoin going contra IMF’s version of stability, which some have argued look like crashing economies, to then buy their debt.
Given that Bitcoin has become a target of what many consider to be ‘questionable’ environmental concerns, Keiser further suggested that El Salvador could issue Bitcoin Mining Backed Volcano Bonds .
Through MicroStrategy, a major aspect of his business model has included leveraging Bitcoin against monetary inflation.
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