Mass Migration - housing - fertility cycyle
(media.kotakuinaction2.win)
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working and saving has been continually debased by the fiat money experiment.
But it looks like china and russia have started to get tired of it…
It’s not just fiat, it’s the line go up insanity. That’s why boomers mass imported their retirement plan instead of having kids. It’s why Obama redefined the most profitable age for the government to be 8 years old instead of birth. Fiat is a symptom, mass immigration is the root. Fiat would have failed a long time ago if we weren’t mass importing cheap labor for 35 years now to pretend we have gdp growth.
China loves our currency. Its worth 7 times more in china than in America. Thats how they can work for pennies and still survive.
You think because 1 USD = 7 renmimbi that its worth “7x more in china than in america”?
Wait until you hear about the Japanese Yen or Korean Won…
Now I understand why I enjoy my time in Vietnam so much. Every dollar is worth like $26,000!
Price per Big Mac Currency Beijing, China ~24–26 元 Chinese Yuan (CNY)
Washington, DC, USA ~5.75–6.20 USD