>>106411866
Welcome to technological deflation anon. You all said you were ready for deflation. Here we are.
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>>513737214
>That wouldn't affect anything.
Banks create inflation by lending for consumtive purchases. Cars, homes. HELOCs,etc. And what controls how much banks can lend? Reserves. Your bank accounts. Thanks to fractional reserve lending, the money you keep in your bank is amplfied 30x to fuel inflation. If everyone kept their money in the form of cash or gold, banks would be unable to generate as much inflation via lending, because they wouldn't have the reserves.
>That wouldn't affect anything.
Banks create inflation by lending for consumtive purchases. Cars, homes. HELOCs,etc. And what controls how much banks can lend? Reserves. Your bank accounts. Thanks to fractional reserve lending, the money you keep in your bank is amplfied 30x to fuel inflation. If everyone kept their money in the form of cash or gold, banks would be unable to generate as much inflation via lending, because they wouldn't have the reserves.
Deflation is coming
>The May CPI was well below expectations
>The 10y treasury yield is well below January highs
Pay attention to Iran and Israel
>The 10y treasury yield is well below January highs
Pay attention to Iran and Israel