Kurifodo I post too much
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Joined: 09 Oct 2008 Posts: 2782
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Posted: Sat Nov 21, 2020 11:09 am Post subject: CLIFFORD'S PREDICTION: A BITCOIN WORLD WOULD END PLASTIC ERA |
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A paradigm shift is coming, which will return us to our natural deflationary currency state as cryptocurrency takes over. This means consumerism in America will see a rapid shift as well. Before inflationary money perse, it was a struggle for businesses to get their precious deflationary money from customers, as can be seen in the personal savings rate before the Nixon shock versus after, we can see that our inflationary cycle has caused the personal savings rate to go down year after year that people have less incentive to keep a currency that only loses value. Companies are able to get your business much easier, the more money in the playing field.
You recall the goods of the 1st wave of pre-depression consumerism and the 2nd wave after World War 2. Timeless washing machines, radios, refrigerators, vacuums and more and some of these products, 100 to 70 years old, still operate. While today, the refrigerator is out now in 5 to 10 years....As a result of monetary policies back then and the inherent appetite of customers to save, businesses had to turn to value engineering in order to remain competitive, including the innovation of the highest quality goods possible to enable the sale. This is why the goods last long back then. Deflationary currencies like bitcoin will end the plastic era.
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Anon |
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