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It's all fake data if it's published by the state as inflation helps bringing in a nice wealth transfer to the biggest debtor
absolutely, Money always goes to the same hands, crony capitalism
The world we live in... did You hear Dimon today, talking bs about btc? Disgusting
I haven't listened to everything but these arguments are bad, the dollar is also used by criminals, bitcoin can be traced more easily than cash...
His position is ambiguous: on the one hand he criticizes bitcoin, but it seems to me that JP Morgan has invested in the ecosystem (particularly in mining companies, if I remember correctly).
He's the best fiddler in the Fiatist orchestra. And bullshitting around, meanwhile JPM is market maker or anything like that for Blackrock's BTC ETF, is simply bankster-like.
Like asking the mafia the statistics on crime how can it be trusted?
It's the same fugazi everywhere.
But this make tendencies comparable
I don't know how inflation is calculated at European level, but I do know that in some countries the calculation is biased: it's based on a small basket that doesn't reflect the life of average households.