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The Green Hornet's avatar

They will try to destroy our power of the purse through CBDC. Do not give in.

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polistra's avatar

We should thank Jerome Powell and his colleagues at the British and EU central banks for part of this decline. The rise of monsters in the last 20 years was POWERFULLY enabled by ZIRP and QE. Huge fountains of free money went to projects that were NOT intended to please customers or produce real value. Many of these projects were literally murderous, and all were meant to kill small business. The "virus" was specifically aimed at everything smaller than Amazon and Blackrock.

After the fountain stopped in late 2021, the stupidest projects like cryptocurrency dropped out quickly. Corporations are gradually turning back to real products, controlled by profit instead of tax dodges.

When corporations don't need customers they're free to kill customers, so they do.

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