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The new model (digital asset) economy with inflation-resistant money… coming to a city near you!

The new model (digital asset) economy with inflation-resistant money… coming to a city near you!

Written by Antony Abell, CEO and Co-Founder of the TrustMe™/TPX™ Property Exchanges Global Group of Com

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Jonny Fry
Jan 24, 2023
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Digital Bytes
Digital Bytes
The new model (digital asset) economy with inflation-resistant money… coming to a city near you!
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As may be heard in the corridors on the global wealth offices, ‘cash is increasingly becoming trash’. Inflation is eating our money and therefore the value of our stored labour… at the grocery store, at the petrol (gas) pump, at the bank, and while you and your family are sleeping. It has always been there like a shadow that stalks us but whilst in the low single figures we all tend not to notice it as we get on with our lives. It is a different story now as food inflation (in the UK) reaches 16.5%, as energy inflation hit a high of 88.9% (October 2022) and the official retail inflation figures hit 11.1% annual (CPI) inflation. These figures are appearing in most global economies and are frequently much higher.

United Kingdom M2 money supply

Source: United Kingdom Money Supply M2 - December 2022 Data - 1986-2021 Historical

Money Supply M2 in the United Kingdom decreased to 3097634 GBP Million in November from 3133801 GBP Million in October…

tradingeconomics.com

However, the story does not …

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