All Change In China

Debt deflation is unpalatable to communists and capitalists alike. Fiat currencies will continue to be debased.

China’s decision to reflate her economy has set off mini shockwaves across asset classes. From the perspective of bitcoin and the ethos of decentralisation, it’s a reminder that debt deflation is unpalatable to communists and capitalists alike. Fiat currencies will continue to be debased, and it is only a matter of time before the high-level consolidati…