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4min chapter
Lyn Alden and Jeff Booth - E21
Swan Signal Live - A Bitcoin Show
Currency Devaluation
Sovereigns rarely default in their own currency. Russia did it like 10 years into their lifetime as a political entity. But above a certain point, you can't mathematically pay that debt back. That's when there's nowhere higher to go other than taking it out in your currency. And so everyone is going to take currency devaluation as trying to kick the can down the road further. By doing so, create more pain to society and actually create this thing they don't want most.
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