Currency debasement never works – just ask Henry VIII – Telegraph Blogs
The thing is that Henry 8th did not have to get re-elected. Politicians these days can only see 5 years ahead. And the easy way out is inflation.
This will eventually lead to hyper inflation. And everyone will try to borrow - not save. One day the whole system will crash - like Weimer.
Not that it led to depression. And probably will not this time. But cash will be worth nothing. Assets everything.
The thing is that Henry 8th did not have to get re-elected. Politicians these days can only see 5 years ahead. And the easy way out is inflation.
This will eventually lead to hyper inflation. And everyone will try to borrow - not save. One day the whole system will crash - like Weimer.
Not that it led to depression. And probably will not this time. But cash will be worth nothing. Assets everything.
