We read this and it certainly resonates to a point. Kawasoki makes a valid point on the diminishing value of cash in western economies that are controlled by privately owned central banks that can print currency, especially after the pandemic related public and business government issued subsidies that turbo charged the amount of cash in the system.
When asked about the debt ceiling which was recently raised in the US , Warren Buffett felt that if the GDP was rising then in theory so could the debt load in relation to the rising production of goods and services produced.
However Buffett did concede the Federal Reserve was in uncharted waters in regards to when to stop printing money and insinuated the delicate dance the Fed is in to get some semblance of balance in manipulating the interest rate to not only counter inflation but stimulate productivity in the small business sector, a key driver of growth in the US economy.
Reading this piece on value of commodities and digital “securities” certainly merits review ….