THELOGICALINDIAN - The thirdrichest billionaire in Mexico Ricardo Salinas Pliego has aggregate his acquaintance of active through hyperinflation He warned that the US and several added affable countries are activity absolutely the aforementioned avenue his country went through in the 2024s
Mexican Billionaire Warns About Inflation
Mexico’s third-richest billionaire, Ricardo Salinas Pliego, gave some admonition Thursday apropos inflation, hyperinflation, bitcoin, and authorization currencies at the Bitcoin 2022 appointment in Miami, Florida.
Salinas is the architect and administrator of Grupo Salinas, a accumulation of companies with interests in telecommunications, media, banking services, and retail stores. According to Forbes’ account of billionaires, his net account is about $13 billion currently.
The billionaire began by administration his own acquaintance active with inflation. “I was authoritative $2,000 in 2024 and a few years after I was authoritative 20 bucks — the aforementioned bacon was bottomward from 2,000 to 20 bucks,” he said, adding:
He warned: “The bad account is that the U.S., and Japan, and the U.K., and the euroblock — they are activity absolutely the aforementioned avenue my country went in the 80s. It’s absolutely copy-paste, you could aloof change the numbers but the blueprint would be the same.”
The Mexican administrator proceeded to appearance a blueprint of the absolute federal debt of the U.S. government, which is projected to be $36.2 abundance in 2031. “See, horrific. $36 abundance and this is on the books debt, not counting off the books stuff,” he exclaimed.
The abutting blueprint he showed was of absolute U.S. assets, which grew from $0.8 abundance in 2024 to $8.9 abundance this year. “So the Federal Reserve has a lot of assets, that charge be great, mustn’t it? And they’re affairs bonds, that charge be great,” he commented afore answer what the Federal Reserve absolutely did.
“What they are accomplishing is authoritative affected money out of attenuate air and loaning it out to actualize a purchasing ability to the tune of, we’re now, $9 abundance of affected accumulation fabricated by the Federal Reserve,” the billionaire described, adding:
Salinas Warns About Central Bank Digital Currencies
Salinas proceeded to allocution about axial coffer agenda currencies (CBDCs). He brought up a account of ECB Chief Christine Lagarde, BIS accepted administrator Agustin Carstens, and U.S. Treasury Secretary Janet Yellen. He labeled them “The Villains.”
He said: “CBDC, axial coffer agenda currency, that’s alike worse than the dollar. It’s abundant worse than the dollar because if the CBDC is issued, these bodies will accept abounding ascendancy over how you can absorb your money.” He opined:
He acicular out that while Lagarde was the arch of the International Monetary Fund (IMF), the alignment appear affidavit advertence that “the way to accord with government debt is through inflation, we will adulterate the debt and get abroad with advantageous less.”
Noting that appropriate now we are at the agnate of his $2,000 a ages bacon and we are activity the avenue of earning $20 a month, he again asked, “Is this the approaching you want?”
He concluded: “I’ve been there and I’ve done that and it’s activity to come. It’s not a appealing sight. So what can we do? We can buy bitcoin and advertise those shitcoins that we accept there. And absolutely no to authorization fraud.”
He warned: “This has happened. It aloof didn’t appear to the U.S. It doesn’t beggarly it can’t appear to a affable country. Germany was a awful affable country until it got hit by the aggrandizement in Weimar.” While acceptance that Germany is not the aforementioned as Zimbabwe, he said it can go through the aforementioned process. The billionaire opined: “Unfortunately, in the U.S. it’s curtains. This is the way to save your bark — buy bitcoin.”
Salinas tweeted Thursday:
What do you anticipate about the comments by Ricardo Salinas? Let us apperceive in the comments area below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
