Andrew D Ellis
Jun 13, 2021

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Printing money ultimately leads to the same place: the debasement of fiat currency and the search for a more stable medium of exchange. In today's world, that search seems to be focused on digital currencies. But, most notably, 80+% of the miners are located in authoritarian countries. Those countries will push for the dollar to lose its role as the world's reserve currency and then the value of the dollar will drop like a stone, together with our ability to finance our ever-increasing debt. In hindsight, it will look obvious, like global warming.

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