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> But if it's true, there will be far more important things to worry about than the schadenfreude of scammers getting their comeuppance. Thanks for the analysi
by abrichr 4y ago
> But if it's true, there will be far more important things to worry about than the schadenfreude of scammers getting their comeuppance.
Thanks for the analysis. Could you please elaborate on this last point?
- KerrAvon 4y agoI don’t necessarily buy this analysis, but the world economy between WWI and WWII would be one possible parallel. There were stories in Germany of people taking a wheelbarrow full of cash to the store to buy a loaf of bread. At the extremes, the billionaires will be able to escape to New Zealand or some island retreat; the rest of us, including the middle class, upper middle class, wealthy, and the independently wealthy — even double or triple digit millionaires, could be very screwed.
- kareemsabri 4y agoSorry, what is this a parallel to? Hyper-inflation in Germany was due primarily to war debts denominated in foreign currency, and massive reparations imposed by the Treaty of Versailles, which forced Germany to purchase foreign currency at ever increasing prices.