Salinas is the founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores.
The Mexican tycoon proceeded to show a chart of the total federal debt of the U.S.
“So the Federal Reserve has a lot of assets, that must be great, mustn’t it? And they’re buying bonds, that must be great,” he commented before explaining what the Federal Reserve actually did.
Germany was a highly civilized country until it got hit by the inflation in Weimar.” While admitting that Germany is not the same as Zimbabwe, he said it can go through the same process.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since.
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As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S.