Hi everyone,Bitcoin has stunned naysayers and denialists everywhere with its reclamation of the $12,000 landmark. The sound of silence has never been so sweet. And the best part is: bitcoin\u2019s moment is still to come.As legacy finance does more of the same, the European Central Bank (ECB) has now become the proud owner of 66% of the entire Eurozone economy. Though these trillions of euro-dollars have yet to have any real material effect on economies outside of propping up asset prices.Let\u2019s dig in.The European Central Bank (ECB) balance sheet has increased to 66% of total $12.5 trillion Eurozone economy, which includes Germany, France, Italy, Spain, and 15 other countries in Europe.The central bank\u2019s balance sheet has reached an all-time high of \u20ac6.7 trillion as the money printers work on overdrive, with total assets increasing by another \u20ac17.8 billion.For comparison, while the ECB\u2019s balance sheet equals 66% of the Eurozone\u2019s GDP, the US Federal Reserve is not far behind, owning 37% of the US\u2019 GDP. Meanwhile, Japan is front-running all other central banks in this race to the bottom, owning 136% of GDP.In the last four years, the ECB\u2019s balance sheet has risen threefold, with $3-odd trillion added just this year.Never in the history of money has there been this amount of money printing (counterfeiting by any other name), and yet, the Euro has maintained its purchasing power relatively well during this crisis as it strengthens against the dollar.While inflation and even hyperinflation is a problem in some countries, the Eurozone is experiencing deflation, per figures from tradingeconomics.What could this mean?In short, this speaks of a narrative whereby money is simply \u201cdisappearing\u201d and not trickling down towards normal people i.e. the real economy does not benefit from these trillions. If it did, consumer prices would rise and wages would grow under\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Hi everyone,Bitcoin has stunned naysayers and denialists everywhere with its reclamation of the $12,000 landmark. The sound of silence has never been so sweet. And the [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2461"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=2461"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media\/2462"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=2461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=2461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=2461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}