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Get Ready to Lose Your Mind (And Most of Your Money) as Bank of Canada Predicts the Coming Apocalypse… Of Slowly Rising Prices!

Crypto NewsRegulation/Negotiation Sam Rogers September 23, 2024

A of a person frantically holding onto their wallet as prices rise up like balloons in the air, with AI robots lurking in the background.

Just when you thought it was safe to go back in the water… or rather, just when you thought AI couldn’t possibly get any more boring (or worse), along comes Bank of Canada Governor Tiff Macklem with a warning about its potential impact on inflation. Because what’s not exciting is watching your money slowly lose value over time? I mean, who needs flashy cryptocurrency price swings and the thrill of potentially losing everything when you can have steady-as-she-goes AI-driven inflation instead?.

Source: cointelegraph

AI may lead to inflationary pressures: Bank of Canada
https://cointelegraph.com/news/ai-inflation-bank-of-canada
Bank of Canada Governor Tiff Macklem said that investments in artificial intelligence may lead to higher inflationary pressures in the short term and cause financial stability issues.  According to Macklem, AI may also affect how businesses set prices. There is already evidence that digitally intensive firms adjust prices more often than less digitally focused ones. “Central banks need to be closely attuned to how AI is affecting inflation, both indirectly […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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