#Inflation #debt #budget2021 #UK #taxation #fiatcurrency #stimulus #UBI #debasement #economy #deficit
Today we will touch upon the U.K. chancellor's budget and how the plan to spend now and tax later will probably be a failure but how inflation or the debasement of the currency will be a certainty.
What we need to understand is that the U.K. government and the Bank of England will be doing is writing off the value of the debt and consequently the currency that underpins it. Savers in the national currency will be left holding the bag.
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Thanks again keeping us updated and educated, @maneco64. Yes, it is amazing what the federal reserve can do with another zero added to the number.
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