The system tends towards consolidation. Digital currency emerges, and a choice becomes evident: a coin that represents absolute control minted by a central authority, or a decentralized coin whose value is volatile, even manipulated, and increasingly pressured to be domesticated.Here is Episode 10 of The Trust Game from Truthstream Media.
Wreckless spending and the onset of the coronavirus pandemic have plunged the globe into $250 trillion in debt. Problem is, there is only about $50 trillion in coins and currency. And, the United States is taking on more debt during the crisis than any other country. So, what gives?
Economist Danielle DiMartino Booth says, “We’re being told that it’s all going to be fine, because you can just have the Federal Reserve finance all debt that’s being taken on.” But the consequences could be devastating. “I always adhere to (Milton Friedman’s) philosophy that there’s no such thing as a free lunch,” she says. “You can buy time. God knows we’ve seen a lot of time purchased but not paid for. So, yes, I think there will be ramifications.” Tune in to Valuetainment with Patrick Bet-David and Booth for more.
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If you see a coin lying on top of a veteran’s gravestone, don’t touch it. The coins left by visitors — pennies, nickels, dimes and quarters — all have meaning, and reflect the thoughts and prayers of the visitors, especially those from the veterans’ families and circles of friends. More from Did You Know?
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