If you've been keeping up with the channel you'll know I've mentioned the idea that a deflationary economy would solve climate change as it would incentivise people to save rather than spend. This would reduce the overconsumption causing climate change.
One of you asked in the comments section why exactly it is that inflation causes overconsumption, so I decided to make a video about it. It's not just climate change either. It turns out that inflation AKA money printing lies at the core of most of the issues we're facing.
This doesn't mean that inflation is the only reason why these issues are happening. For many of them there are other factors involved, but it's easy to see how these issues are made much worse when the ability to print money is thrown into the mix.
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Fiat Currency Survival Rate: https://ginifoundation.org/kb/fiat-cu…
► Economic Cost Of War: https://watson.brown.edu/costsofwar/c…
► Jeff Booth Deflation Thesis: https://medium.datadriveninvestor.com…
► WTF Happened In 1971: https://wtfhappenedin1971.com/
► Richest Double Fortunes During Pandemic: https://www.dailymail.co.uk/news/arti…
► World Debt Clock: https://www.usdebtclock.org/world-deb…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
