Crypto guys, all the way back to Satoshi, have talked about the evils of mass money printing

But what does that inflationary money printing look like?

Bank bailouts?

Nope.

US 2008 bank bailouts were “only” ~$700 billion.

— But TENS OF TRILLIONS are being printed.

There’s a reason no one ever talks about this,

And the answer is right in the majority of Americans’ & Canadians’ & Australians’ homes:

~21 Trillion USD = size of entire M2 money supply

~22 Trillion USD = size of outstanding mortgage debt

= INFLATION IS OVERWHELMINGLY CAUSED BY BAD QUALITY HOUSING LOANS

= Hundreds of millions of “innocent” citizens are heavily implicatied in the mass money printing, as they too are greatly profiting from it

Pact between the devil that is inflationary money printing, and the hundreds of millions of citizens

Even worse, those who refuse to get onboard with this evil, are very likely to get wrecked and left behind

= BAD LOANS ARE THE SOURCE OF INFLATION, AND REGULAR PEOPLE ARE THE BIGGEST BENEFICIARIES

Now, if you’re looking closely, you’ll see that this definition of whether money printing is inflationary or not depends on the definition of “bad” loans — which is objectively clear in the extremes, but gets hazy in the middle.

One solution to this definition problem would be to define it in an implicit, market-based way

= saying that those who create loans can define it however they want, but those who had sufficiently bad definitions of “bad” loans later get removed from the pool of those who can loan, when loans they made sufficiently default, leaving only those who had some “good” definition of a good loan

— Ok that implicit market-based definition would in theory work… except when bailouts remove the risk of default, upending what made such an implicit market-based definition work in the first place

In any case,

(1) BAD LOANS (i.e. bad investments where the money comes from fractional reserves not existing) — are the overwhelming true source of the vast majority of inflationary money printing

(2) REGULAR INNOCENT CITIZENS are heavily implicated

(3) THIS CANNOT EASILY BE FIXED just by demanding governments or citizens behave morally — because governments or citizens who do so get quickly wrecked by governments or citizens who refuse to

— And only some entirely different solution, e.g. crypto, can escape this cycle

(Though as governments become more communist, less of the bad loan money goes to regular people, instead more going to the communist insider circle. Above ratios applying mostly to not-yet-entirely-communist governments.)

So who is getting most of that bad inflationary printed money today?

Gaze long enough into the abyss,

abyss gazes back at you

🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶