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13.05.26 - 05:57
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Truth Is The First Casualty Of War; The Currency Is The Second... (ZeroHedge)
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Truth Is The First Casualty Of War; The Currency Is The Second...
Authored by Nick Giambruno via InternationalMan.com,
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
— Ernest Hemingway
Thanks to the fiat currency system, governments at war can tap into a nation's savings by financing conflict through currency debasement. Under a gold standard, governments had to have the gold or impose taxes if they wanted the funds to prosecute a war. When the gold ran out, the war stopped. But not in a fiat currency system. They can continue debasing the currency until they hyperinflate it.
That's why there's a simple equation you should sear into your memory:
War = Inflation
The historical pattern is clear.
If the first casualty of war is truth, the second casualty is the currency.
For example, the US money supply (M2) more ...
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12.05.26 - 10:01
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Opel Corsa GSE soll schnellster Serien-Opel werden (Electrive)
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Nach der Einführung des Mokka GSE im vergangenen Jahr zeigt Opel nun erste Bilder des Corsa GSE. Die vollelektrische Sportversion des Kleinwagens übernimmt viele technische Eckdaten des Elektro-SUV, soll den Sprint auf 100 km/h aber in nur 5,5 Sekunden schaffen. Kein aktueller Serien-Opel beschleunigt schneller. Der „Hot Hatch“ soll noch in diesem Jahr auf den Markt kommen....
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11.05.26 - 16:30
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BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead? (24/7 Wall St.)
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Bank of America issued a fresh analyst downgrade on Stellantis (NYSE:STLA) stock, cutting the stock to Underperform from Neutral and slashing its price target to EUR 5.50 from EUR 7.50. The firm's call leans on a familiar but intensifying worry: Chinese electric vehicle makers are squeezing legacy automakers from every angle. For prudent investors who ... BofA Downgrades Stellantis on Chinese EV Threat: Is the Turnaround Story Already Dead?...
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