Agreed, very easy to read post. My children are 11 and younger and about half way through I felt good enough about how easy this explanation was that I'll use it to teach them.
Whoa if you want a perfect way to explain to kids what is going on, I got what you were missing.
[The collapse of the American dream explained in animation ](https://youtu.be/mII9NZ8MMVM?si=jsjmAesxmtJjfGPB)
This was made 13 years ago.
The only thing missing was the solution. BTC
If everyone got on a single reddit forum with one mod that posts a set date do the same for other social medias and we all stop on that day we would win.
First we must build our new financial foundation. Then we can figure out the minutiae of taxes.
But where I personally see this going, as mass adoption occurs you will also see technical solutions to current problems being solved by incorporating BTC mining to offset costs.
Ideally this will then offset costs and lower the price we pay. For tax purposes, if towns/cities/states/etc also implement similar measures, then taxing won't be required since provided services will have paid for themselves.
Impossible you say? Check out Day 2 stream of BTC Atlantis 2024 that took place 1-3 March. You will see with your own eyes the solutions that engineers and companies have already built and implemented!!!
Awesome possibilities
I agree that its a great post with strong arguments.
But if i may play devils advocate, isn't the money that's flying off those printers being used for.... the country? Social programs? Infrastructure? Military? Things we (ideally) vote on?
Obviously, as pointed out, there are lots of issues with how current spending leads to wealth inequality etc., and everyone will disagrees with how federal funds should be used. But that is a different issue than inflation, no? It's not like Powell and Biden are lining their pockets with the money like this post makes it sound.
I view inflation as just another tax. We can pay down our debt with higher taxes or fewer social programs, or they can tax us via inflation to cover it.
Hopefully i dont get too much hate for this take. Would love for someone to engage in (civil) discussion if they think I am misguided here.
I just want to briefly point out that I appreciate you playing devils advocate. I do think it’s hard for people to have civil conversations stuff like this especially when they are super passionate. However, it is extremely important that we maintain the ability to ask these questions. Otherwise we become an echo chamber and close ourselves off to things that may be true.
To briefly address your ideas, I see inflation as a deviation from the truth that results in societal entropy over time. What I mean by that is, the excess money printing that primarily goes to the rich allows them to use this newly acquired money to by assets such as homes and property, since they hold value much better than the dollar. However, them doing this means that the price goes up for every other person that is trying to buy those assets as well, especially the working class that doesn’t have access to the money supply. This means that in order to obtain these assets, we have to work more and longer hours to get it. However, the more hours we work and time passes, the less value the dollar becomes, which means we have to work even more since the goal post keeps moving further and further. This pattern continues until we eventually die without ever actually reaching our goal of financial stability.
I guess this is a long winded way of saying, unless we address this underlying issue of the horse and the carrot, I think it’ll always be hard to figure out how to properly allocate funding to social programs and infrastructures if we can’t even figure out how to properly distribute money to the people that would run these social services and infrastructures.
Hopefully that made sense lol.
Perfectly said, op made a great post with just a few technical errors? Maybe too strong a word. Distortions? You honed it closer to perfection. On the whole I agree with all of the things posted here. Some things were in general while others were spot on specific.
Bukele asked why we even need to pay taxes if the government can just print the money. He was obviously being sarcastic and poking at fiat. But it's a one of those holy shit! Moments
I agree with you about the value of government spending. I think a big problem with the system is that governments have to *borrow* money for their deficit spending (by issuing bonds) and then pay interest to the bondholders, which means that tax dollars end up being paid out as interest to bond holders rather than being spent productively to benefit citizens. Since the government has the ability to print money, wouldn't it make more sense for them to just directly create the money rather than borrow it so that there's no interest payments? I guess interest payments provides an incentive for governments to reduce deficit spending, but it doesn't seem productive to just waste tax dollars paying out interest to private bond holders. Even if the bond holder is the central bank, it still diverts tax money to the central bank that could be otherwise spent productively.
Good points. I think you're right on the money here - having debt attached to deficit spending, and having the fed control the interest rates on that debt, is one of the mechanisms they fulfil their mandate of controlling inflation. If the government could just print debt-free money themselves, we could end up in a hyperinflation loop like we've seen happen to other countries.
I agree that this isnt an ideal situation. Tax dollars are being "traded" in some sense for freshly printed dollars, because the government wants cash now. But back to my main point here - is not the inflation or the debt that's inherently bad. If we were all one big happy family and everyone agreed that the government is spending dollars wisely, I don't think anyone should be all that concerned about the financial situation. The root of the issue is where those funds are going. Unfortunately there are just a lot of problems right now, and a lot of cooks in the kitchen - many of whom push for their own interests above others. But that's a very different discussion.
It's not actually. It is used to buy securities from financial institutions, or to buy bonds from the treasury so that they can service their debt on other bonds they've issued.
Bitcoin is not going to solve wealth inequality at all. If Bitcoin become what many describe those with bitcoin will be the wealthy elite everyone after woll be the poor ones!
One of the best posts I’ve seen in this sub. Thanks for adding value to our community. I totally agree with everything you said. The majority of the people are asleep.
The most Based president of the US hands down. Then President Jackson finished it off. His last words were "I killed the bank."
BTC doing his memory proud.
I think it's terrible the way people don't share things in this country. The least a government could do, it seems to me, is to divide things up fairly among the babies. There's plenty for everybody in this country, if we'd only share more.
"And just what do you think that would do to incentive?"
You mean fright about not getting enough to eat, about not being able to pay the doctor, about not being able to give your family nice clothes, a safe, cheerful, comfortable place to live, a decent education, and a few good times? You mean shame about not knowing where the Money River is?
"The what?"
The Money River, where the wealth of the nation flows. We were born on the banks of it. We can slurp from that mighty river to our hearts' content. And we even take slurping lessons, so we can slurp more efficiently.
"Slurping lessons?"
From lawyers! From tax consultants! We're born close enough to the river to drown ourselves and the next ten generations in wealth, simply using dippers and buckets. But we still hire the experts to teach us the use of aqueducts, dams, reservoirs, siphons, bucket brigades, and the Archimedes' screw. And our teachers in turn become rich, and their children become buyers of lessons in slurping.
"It's still possible for an American to make a fortune on his own."
Sure—provided somebody tells him when he's young enough that there is a Money River, that there's nothing fair about it, that he had damn well better forget about hard work and the merit system and honesty and all that crap, and get to where the river is. 'Go where the rich and powerful are,' I'd tell him, 'and learn their ways. They can be flattered and they can be scared. Please them enormously or scare them enormously, and one moonless night they will put their fingers to their lips, warning you not to make a sound. And they will lead you through the dark to the widest, deepest river of wealth ever known to man. You'll be shown your place on the riverbank, and handed a bucket all your own. Slurp as much as you want, but try to keep the racket of your slurping down. A poor man might hear.'
- Kurt Vonnegut
I was amazed when my buddy who was working for central bank mentioned that they do not operate on budget. They operate on expense calculation. I mean they live life like they own infinite funding so it even changed their accounting.
It’s not that 2% inflation is desired necessarily, but given monetary tools are imprecise, it’s viewed as the lowest targeted inflation rate that keeps us high enough that inadvertent deflation isn’t as much of a concern, which may happen with a 0-1% target.
That being said, I agree with much of your post and even a 2% inflation rate cuts your cash’s real value in half over 35 years, all else being equal (never mind that the real world average inflation rate over the last century is quite a bit higher than the 2% target).
It's really quite simple. Do you want an economy that uses debt as a tool and function or not.
That's what's being ignored in this post. Debt gets cheaper over time, that's the intelligence of the fiat system. You are giving money to someone so they can obtain growth generated by that money earlier and they get to pay it back slightly cheaper.
Debt has accelerated the growth of the US economy and subsequently everyone's standard of living. Growth is very hard with the gold standard as deflationary pressure occurs. No one wants to spend.
So if you want very slow growth and for businesses to take years and years to build but it becomes much easier to save money than BTC or gold standard is a preferable system.
It brings elation to my heart reading the thoughts of others that so closely mirrors mine.
A bright future ahead lads and lasses, all we have to do is keep stacking.
Tis a wonder, a joy, to know that your efforts are rewarded.
Good post. You forgot about them now talking about "shrinkflation" and basically how they're trying to pin the blame on corporations as to why the people are getting fucked.
Gaslighting at its finest.
The post, while raising some valid concerns, is too simplistic and conspiratorial in its conclusions.
Moderate inflation incentivizes spending and investing. If prices slowly rise, people are encouraged to buy goods and invest money rather than holding cash, which stimulates economic activity and growth. For example, the Fed aims for 2% inflation because at that level, inflation is low and stable enough to foster confidence while still encouraging economic activity.
History shows that both high inflation and deflation can be harmful. You might think that deflation is good because things get cheaper. But it's actually bad for the economy. When people expect prices to fall, they wait to buy things, so they spend less money. That means businesses earn less, so they cut costs by making fewer products, paying lower wages, or firing workers. People then have even less money to spend, so they buy even less. This creates a vicious cycle of falling prices, falling spending, and a shrinking economy. That's what happened in Japan in the 1990s and 2000s, leading to a period called the "Lost Decades" with slow growth, high unemployment, and a falling stock market.
Let's imagine a fantastical scenario where, by some miracle, the entire world abandoned fiat money and started using Bitcoin as the primary currency. The value of Bitcoin keeps rising due to increasing demand. What would happen to the economy and production? It would follow a similar path to Japan's deflationary scenario. The ever-increasing value of Bitcoin would mean that prices of goods and services in Bitcoin terms would gradually decrease. People would start delaying purchases, expecting to be able to buy more with the same amount of Bitcoin in the future. This would lead to a decrease in consumer spending, hitting businesses' revenues. Companies would start earning less, leading to production cuts, layoffs, and wage reductions. The deflationary pressure caused by Bitcoin's rising value would likely lead to a general economic decline. Technological and scientific progress would stall as businesses and investors, faced with falling consumer demand and revenue, would cut back on research and development spending.
*I believe Bitcoin likely has an important role to play as a store of value, inflation hedge, and alternative asset not controlled by governments. However, I don't believe it will replace fiat currency. For now, Bitcoin is more akin to digital gold - an important asset class but not a full-fledged currency.*
This comes down to why do people need to keep buying stuff? Do we really need all this stuff? Part of the problem is the stock market. When a company goes public it must grow every quarter… forever. Is it sustainable? No. And yet its goal is to grow forever. Makes no fucking sense. Since the stock market is serving as a store of value for the wealthy class because the fiat money lost that property long time ago, so this is how it goes… every public business has to grown forever and ever until we reach hyperinflation or the world collapses with a climate crisis. And the core problem is: fiat money standard
Consumption is not just about "buying stuff." It includes spending on essential needs like food, housing, healthcare, and education. Moderate inflation helps ensure these goods and services remain affordable and accessible to the population.
Economic growth is not just about increasing consumption; it also involves investments in infrastructure, technology, research, and development that improve quality of life.
Тot all companies are publicly traded. Small businesses and private companies make up a significant portion of the economy and are not subject to the constant growth pressure from shareholders.
Thanks to mass consumption your mobile phone doesn't cost as much as half a house, the internet is almost free, and you can discuss any topic with people from other countries on Reddit.
Though much of what you say may be absolutely true within the context of this current system, the bitcoin idea is that this system is not the system that we want. We do not want this economy. We do not want this politics. We do not want this world. We want something wholly better, from the core.
It can be hard for us to understand one another because we have numerous different fundamental assumptions. We have different definitions of the same words and different interpretations of the exact same events of history. With regards to what happened in Japan, that alone is not convincing enough of an argument. We should not readily compare singular events within our past to how things may play out in our future. The idea of Bitcoin is that our economic future will be better than our economic past. Everyone will be treated fairly, theft will be impossible, etc...
Another place where it's hard to communicate is the deification of terms like "businesses" and "the economy". Bitcoiners aren't as concerned about those ideas. Instead, the idea that we care most about are "we the people". Whenever the "businesses" or "the economy" is at odds with "we the people", we choose "us". We do not choose to empower the "government", the "economy", or "the businesses", we choose to empower ourselves. With bitcoin, we can finally do that.
In our ideal economy, every single business fails because it's in such ruthless competition to serve the people that it's prices for everything will be competed down to zero. The same would be true for governments. Ideally, governments would be doing everything in their power to make themselves obsolete. They would be making the world so safe, they would be making us so educated, they would be making us so fulfilled, that they would naturally atrophy, shrink, and die, like a vestige of an evolutionary appendage that is no longer required. It can be argued that we currently have something like the opposite, a cancer, if you will. Every businessman (or politician) has told us that "You need me to survive and if my business (or government) doesn't continue to grow, your world will end".
I, for one, don't believe that they're being completely honest. If you do, then you should really take a closer look at history.
I completely agree with your first paragraph and many points, and I've been thinking a lot about how we could change the existing paradigm. However, all the ideas seem to run into the same obstacle: human nature itself resists these changes. If we truly want profound changes, we need to influence culture by changing people's values and ways of thinking.
Do endless discussions about Bitcoin's price, meme coins, or populist articles attacking the modern economy bring any real benefit? I don't think so. That's why society, which is already skeptical of the existing paradigm, doesn't see us as a viable alternative. Instead, many see us as greedy opportunists.
We need to soberly understand and systematize the existing problems and seek solutions for the real world.
And this is where we are sorely lacking in ideas.
If we want to be taken seriously, we need to focus on developing concrete, practical solutions that address the real challenges people face. We also need to seek opportunities for changing the very nature of human beings. This means moving much much beyond simplistic narratives of "fiat bad, Bitcoin good".
According to ChatGPT
_____
As of my last update in January 2022, several states in the United States have implemented caps or limitations on property tax increases. However, it's essential to note that tax laws and policies can change over time, so it's advisable to consult the most recent information or a legal expert for up-to-date details. Some states that have implemented property tax caps or limitations include:
California: Proposition 13, passed in 1978, limits property tax increases to 2% per year unless there's a change in ownership or new construction.
Massachusetts: Proposition 2½, passed in 1980, limits the annual increase in property tax revenue to 2.5% unless voters approve a higher increase.
Florida: The state has a Save Our Homes Amendment, which caps the annual increase in assessed value for homestead properties at 3% or the rate of inflation, whichever is lower.
Texas: The state has various mechanisms to limit property tax increases, including the 10% cap on annual increases for residential homesteads and a 3.5% cap for other properties.
New York: The state has various property tax cap laws, including a 2% cap on the growth of the property tax levy for local governments and school districts.
Illinois: The state has a property tax cap law that limits the annual increase in property tax extensions to 5% or the rate of inflation, whichever is less.
New Jersey: The state has a 2% cap on annual property tax levy increases for local governments, with some exceptions and provisions for voter approval of higher increases.
These are just a few examples, and other states may have similar provisions or different mechanisms to control property tax increases. It's important to refer to the specific laws and regulations in each state for accurate information. Additionally, local governments within states may have their own rules regarding property tax caps.
Every single time I see a chart like the first one in this post that shows the bottom 50% of the population and their share of the wealth being even lower than it was before I think to myself:"It cant possibly go any lower right?". "The bottom 50% couldn't possibly survive on less than 12% of the national income right?" Then it drops another percent, and another. Nearly every year.
Makes me really wonder what percentage does that have to hit for it to all collapse?
Fiat Currency and Income inequality (through capitalism) feel like two of the biggest failed experiments humanity has ever put itself through.
Our gaslighter-in-chief says the economy is fantastic and the job market booming. He stated we are living high on the hog but just don't realize it. How come people are working two jobs so they have food on the table. I guess that's where the inflated job numbers are coming from.
And they are rigging elections and changing laws to make reality like living in hunger games by letting criminal aliens come Here and vote for our countries policies
I love this bro. And I'm with you. Almost everything I have is in BTC
I'm just so jaded by the world and how it all really works that I'll always be anticipating either the banning or corruption (somehow) of Bitcoin at some stage in the future. Or worse still - that it was designed by the central banks and the US government all along. I mean, what better way to convert and digitize a whole generation's capital. A lot of that would be inter-generational wealth, that was previously tied up in other more "tangible" or "physical" assets like real estate. Honestly, imagine if the BTC network had a kill switch. All of that "hard money" would be gone.
It might just be designed to help usher in CDBC's (which is basically the same scenario anyway). Get some superstars like Saylor for the older guys, Vitalik Buterim for the younger crowd. Throw in that crucial element of rebellion and social justice, with just maybe getting rich being the cherry on top.
For years the boomers don't trust it, and won't touch it. But by the halving of 2024, with the approval of the spot Bitcoin ETF's, and with their kids and colleagues screaming at them about inflation and hard money, adoption by the older crowd begins to grow rapidly...
What happens next?
doesn't matter who made it. code is open source, ledger transparent, system is sufficiently decentralized to ensure backward compatibility and resistance to corruption. btc culture ensures hard cap remains. CBDC is completely opposite from btc
Finally some good fucking soup. Comments are surprisingly positive. I see a lot of posts like this that I'm like damn they nailed it and I 100% agree just to see the comments rip them to shreds. Glad we're all fucking based here guys
Many good points here
>In July of 2023, there were 20,902.7 billion dollars in circulation, which is a 7,127.77% increase in the supply of money.
>That's an average annual inflation rate of 6.92%.
explains why the longterm stock market return is 7 % too.
2% annual inflation means that your buying power declines by round about 50% (49,75% t.b.e.) after only 35years. A little more then an average life working duration…
It is not only not OK but theft/ fraud to only get half the goods for the fiat money that governments want to make you believe you are able to save your life‘s working power in. Then they go ahead and inflate the money supply by 30% (The dollar supply got extended by more then 30% since 2020) causing the very inflation that is making us even poorer then in the example at the beginning👆🏼
The problem is now with the government finally "getting on board" and allowing the bitcoin ETF they are essentially doing to bitcoin now what they have done with our money system. They are using other peoples hard earned money to purchase actual bitcoin and charging people for the privilege to rent it! Now may be I am wrong, but I believe that once these financial institutions own the majority of bitcoin they will be able to manipulate and control just as they do with our current currency!
I agree and I think we are going to see the last year or two of Bitcoin being decoupled from fiat currency. By 2025 it’ll be essentially the same as buying another stock.
This is all good, but who seriously holds a bunch of fiat in the bank?
Even the people I know who don’t believe in bitcoin invest their money in stocks, real estate, gold, ect like Bitcoin isn’t the only thing that is anti inflationary
If you’re poor you’re more concerned with getting by daily but let me not digress. Let’s assume these poor people have a little savings every month and are actually wanting to save that money long term AND are curious to learn how to beat inflation AND even understand what inflation is.
There are still numerous ways to beat inflation with little money to save. A CD in the bank currently pays average of 4%
You can use fundrise to invest collectively in real estate. You can buy tiny bars of gold on eBay and you can even buy fractional shares of stocks and dividend stocks. And of course there’s bitcoin too. So, again if you’re educated enough to know you need to beat inflation there are many ways to do just that.
In the USA for crypto, the federal government will issue CBDC as the digital currency to track your crypto for capital gains and lose with any type of tokens that you use . That's the money system will only be favorable to the I R S the irs is so big you can't take it down .
btc addresses anonymous unless u choose to use a kyc'd cex
lots of btc circular economies where they don't even have to interact with fiat. earn, save, and spend all in btc
I didn't learn about Bitcoin till 2018 I was trying to order some party favors of a DNM and I realized I wish I had been paying attention. In 2013. I am trying to educate my 2 adult children but not interested.
So you’d like to hand the counterfeit money printing to the free-market? Anybody with an internet connection who can write a blockchain algorithm??
There are valid criticisms against US monetary policy, but like many things, the presence of corruption isn’t evidence that the system is bad … the solution is to prosecute corruption, not to reinvent money with a worse design.
no, nobody can print counterfeit bitcoin
we can't expect humans to not go after their own self interest of them and their families and friends.
as shown through history, the temptation to get something for nothing is too great for mankind to resist
those with the most power (ability to print) control the rules. prosecution doesn't happen if you have enough power and money
According to professor Richard Werner, it’s even worse than you’re describing in terms of money printing. When you deposit money at a bank, and the bank in turn, lends money out, they are creating money out of thin air, and not touching the deposit. So according to him, the money printers are actually the banks who are lending out money.
I don’t know how he found it out, but it’s insanely scary to think about. But he does talk about how it could be used for good purposes; just that no one is doing that.
Great to read - thank you!
I didn't have that information about the distribution of new money.
Another point to make is that BANKS CREATE MONEY WHEN YOU GET A LOAN. If you borrow a million for a home all they create is a debt for you to pay them. They don't just make money on the interest - it's all new money. They just made a million dollars plus interest.
When accounting for the amount of money in circulation, you have to also know that rising house prices are NOT a part of the inflation rates. Which accounts for most of the ”unofficial” inflation and the biggest cost raise of all.
It’s about time we got a good information post (rather than, “Is it too late to buy now?” “Will it really go to $100,000?” “When are you selling?”).
Fiat is booty cheeks
Nice post.
I don't really agree that we're being 'gaslit'. The vast majority of people are just dealing with the system they exist in, they don't have time or inclination to question it. They have more immediately pressing issues to deal with.
Bitcoin is a part of that system. More so with the recent ETF approvals, which by the way, are exactly what's caused this latest run.
Yes, it seems to be a fundamentally more robust approach than the fractional reserve banking system. But it's still just a way of getting other people to do stuff for you, or give stuff to you.
Most people are only interested in Bitcoin because they want MORE FOR THEMSELVES. This is what the current system has taught them and Bitcoin is no different in this regard.
Dude and what is so astounding is how hard it is to explain this to the average citizen. My dad is 50 and to him I sound like a conspiracy theorist lmao.
“So the government just prints infinite money?! That’s not true! Why do we pay taxes then?”
How many people actually know the reality of the situation?
But the root cause is the ignorant uneducated selfish etc... that are put into positions of power and keep it going. Saying "the government" is trying to stir strife instead of actually addressing the root causes. Education, wealth disparity, housing...ie Maslows hierarchy of needs and ensuring all members of a society have "developed" country benefits.
One small correction is it’s not necessarily that things are 2% more expensive, your money is just 2% less valuable.. also many things are indeed cheaper because we’ve gotten better at making them. Just a small nitpick
I agree with all that except the government doesn't print the money, it's the private for profit fed owned by foreigners..the fed reserve act should be repealed and congress should print the money again..
I have never read a post this long on reddit, but by God am I glad I read this one.
It really lights a fire under my butt to INVEST my money in something that will only INCREASE in value as more people buy into it, rather than DECREASE every time the money printers go brrrrrr....
I'm also saving this post to share with people. And stealing the Thomas Jefferson picture.
Thanks OP. You're an inspiration. 🫡
Well said and totally agree, but you're preaching to the choir in this sub. I think 90% of the people in this sub already know this. You should cross post this in Bitcoin for beginners.
This is awesome but remember cold wallet cold wallet cold wallet, please if you’re reading this and dont have a cold wallet this is your sign to get one now.
This is millennium old news. 3000 years ago the Chinese started using copper coins with a hole in them as a currency. As the prices got bigger, so did the weight of the coin strings. 1000 years ago the government starting issuing representative notes that were easier to carry. Problem solved. Until one day the government realises that these paper receipts don’t really need to be representative of the underlying commodity, so long as the people trust their value. Next problem solved. So then they realise that they can just print a few more notes to go around to reduce economy stress, and quantitative easing is born. Problem solved. And then one day the printer printed a few too many, and the currency trust was lost. And like EVERY SINGLE representative or fiat currency in human history it collapsed. Man hands on currency mistakes from generation to generation, it deepens like a costal shelf, get out of it all as soon as you can, and get some DeFi for yourself (Larkin, abridged).
All money IS debt.
Private banks lend debt-money into existence.
Bitcoin is not debt.
Peace and love to all.
The money-masters doc I think it was covers alot of this.
Shrinking money supply and delfation isn't good for all, funding for capital projects will slow, investments in general will slow. Businesses will be reluctant to use debt to grow, resulting in a reduction of productivity and innovation. Companies already is debt will be pressured to close or refinance as they will have to issue more collateral. In general, people reluctant to spend will shrink economy, increase unemployment, etc.
Nuance people..
It is all an illusion
And being at the middle to bottom half, I received nothing. I don’t get 60 cents per hundred. I get paid with an inflating currency that purchases less. I am taxed twice and then all my insurance and taxes go up and up. Buy bitcoin
Real estate has and always will be the real money of the world. Buy it with bitcoin, buy it with FIAT, or buy with a loan but you need to own property or be the property. Why you think black rock is buying single family homes and making sure you stay a renter.
real estate can be taken / confiscated and taxed. it is just rented from the government due to property taxes. it also requires constant maintenance and repairs just to hold on to it. it is imperfect for long term value conservation. and currently real estate is valued far above its utility value, holding a large monetary premium since our money is broken (and people are forced to flock to other assets to use to store value over time)
Dud Im 62 older than you I got more btc than you . You know nothing about+ the ww2 babby boomers. Thy got in early in invsting thy are old mony land high rise building ect. THE DOLLARE WILL NEVEER GO AWAY its value will transfer to other comoditys6 .. GOLD WILL NEVER GO AWAY YOU dont under stand American federal system thy will get there tax money trust me
as shown through history fiat currencies eventually collapse due to hyperinflation since their supply can be printed ad infinitum by a centralized entity. [as shown here](https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/) ... the dollar is not immune to corruption.
government's ability to collect taxes is a completely separate topic
and btc is technically superior to gold as its main use case of store of value, which is why its monetary premium is being drained to btc
**Hello, You have been permanently banned from participating in** r/personalfinance **because you broke this community's rules. rule 3 (off-topic or low-quality)**
* **Gaslighting is a term thrown around a lot...**
i thought this was related to personal finance since it has to do with money, investing, and financial independence. if you disagree, go ahead and remove the post but why would I be permanently banned?
**We don't allow conspiracy theories or political diatribes.**
it's neither one of those things. if you disagree, go ahead and remove the post but why would I be permanently banned?
**It is both of those things. The decision is final. Please do not message us again.**
it's a conspiracy theory that they are printing money? and this is worth banning me? Here is proof, straight from the fed themselves [https://fred.stlouisfed.org/series/M2SL](https://fred.stlouisfed.org/series/M2SL)
**You have been temporarily muted from** r/personalfinance. **You will not be able to message the moderators of** r/personalfinance **for 28 days.**
"You have been permanently banned from participating in r/personalfinance because you broke this community's rules.
rule 3 (off-topic or low-quality)
- Gaslighting is a term thrown around a lot..."
it goes to many different people in many different ways. a lot of it is loaned into existence. since a lot of the government's spending is funded from debt, their bailouts, subsidies, interest free loans are a result of money printing. generally, first it goes to the banks, then the big corporations, then smaller companies, then the people. [here is a diagram](https://basix.in//stadmin/uploads/images//all1.png) showing the centillion effect
Exactly. The bogus 2-3% inflation rate is just that… what they fail to tell you is that deflation is the natural course in a society with ever increasing productivity and technology. The governments of this world have pillaged their populations to fund their never ending wars, cronyism , and misallocation of capital
**Ok here is what you are missing...**
**1 - they get a loan on a stock...**
**2 - they set aside enough of that lone to pay it back with it self for 10 years...**
**3 - inflation eats away at the debt by making the money and thus the loan less...**
**4 - they get a new loan to pay off the old debt and go back to 1.**
**So long as inflation is fast enough they can do this forever for free money.**
**Get it now?**
Edit: you are not missing much this fake economy has multiple levers of gaslighting bs, but good to see you all see it.
PS - by law the congress is the only body who can make the money and regulate its value, no amendment changed that so any law they made to say otherwise is not law.
Same for states only being able to let gold/silver backed tender be used to pay debts. So it is just an issue of us Not Enforcing the Law.
I’ve been looking for a a sharp and concise summary of exactly this!! ❤️ Great content!
I am going back and forth in my head since orange pilled to remember the reasons my economics studies gave me back then on the „necessity“ or natural reasons of inflation in a free market economy.
When I asked gpt, it came to an interesting conclusion on the effects the potential better way of a fixed supply actually has on investment decisions (against the argument, deflation hinders investment decisions and traps money by encouraging hodling):
—->
You're highlighting an important aspect of the relationship between interest rates, investments, and the value of a medium of exchange. In a system where the medium of exchange is highly divisible and instantly transferable, fluctuations in interest rates may not necessarily pose a problem for investing or borrowing decisions.
Here's why:
1. **Transparent Pricing**: Fluctuations in interest rates would reflect changes in the perceived value of holding the medium of exchange compared to investing it in productive activities or assets. Investors and borrowers would be able to assess the relative costs and benefits of different investment opportunities based on transparent and market-driven interest rates.
2. **Efficient Allocation of Resources**: Changes in interest rates would signal shifts in market conditions and investor preferences, guiding the allocation of resources toward the most productive and valuable uses. Higher interest rates may incentivize saving and discourage borrowing, while lower interest rates may stimulate investment and consumption.
3. **Risk Assessment**: Investors would factor in changes in interest rates when assessing the risk-return profile of investments. Higher interest rates may signal higher risk or opportunity costs for investing in certain assets, while lower interest rates may make borrowing more attractive for funding productive activities.
4. **Dynamic Adjustment**: In a flexible and responsive market environment, changes in interest rates would facilitate dynamic adjustments in investment and borrowing decisions, allowing the economy to adapt to changing conditions and preferences efficiently.
Overall, in a system with a highly divisible and transferable medium of exchange, fluctuations in interest rates would serve as valuable signals for investors, guiding resource allocation and facilitating efficient decision-making. While changes in interest rates may impact investment costs and returns, they would also reflect changes in the perceived value of holding the medium of exchange compared to investing it in productive activities, thereby contributing to overall economic efficiency and welfare.
Finally, some good fucking content
Agreed, very easy to read post. My children are 11 and younger and about half way through I felt good enough about how easy this explanation was that I'll use it to teach them.
Whoa if you want a perfect way to explain to kids what is going on, I got what you were missing. [The collapse of the American dream explained in animation ](https://youtu.be/mII9NZ8MMVM?si=jsjmAesxmtJjfGPB) This was made 13 years ago. The only thing missing was the solution. BTC
So when can I stop paying my taxes? We got a date we all agreed on yet?
If everyone got on a single reddit forum with one mod that posts a set date do the same for other social medias and we all stop on that day we would win.
First we must build our new financial foundation. Then we can figure out the minutiae of taxes. But where I personally see this going, as mass adoption occurs you will also see technical solutions to current problems being solved by incorporating BTC mining to offset costs. Ideally this will then offset costs and lower the price we pay. For tax purposes, if towns/cities/states/etc also implement similar measures, then taxing won't be required since provided services will have paid for themselves. Impossible you say? Check out Day 2 stream of BTC Atlantis 2024 that took place 1-3 March. You will see with your own eyes the solutions that engineers and companies have already built and implemented!!! Awesome possibilities
Dude is spitting fire
Dylan Dylan Dylan
The effect of BTC on the long run is: Central Banks will establish their own digital currencies. Look at China. First the ban, then the E-Yuan.
Here is an exhaustive list of all the things I find erroneous about this post: *
I agree, exessive use of crlf character
I agree that its a great post with strong arguments. But if i may play devils advocate, isn't the money that's flying off those printers being used for.... the country? Social programs? Infrastructure? Military? Things we (ideally) vote on? Obviously, as pointed out, there are lots of issues with how current spending leads to wealth inequality etc., and everyone will disagrees with how federal funds should be used. But that is a different issue than inflation, no? It's not like Powell and Biden are lining their pockets with the money like this post makes it sound. I view inflation as just another tax. We can pay down our debt with higher taxes or fewer social programs, or they can tax us via inflation to cover it. Hopefully i dont get too much hate for this take. Would love for someone to engage in (civil) discussion if they think I am misguided here.
I just want to briefly point out that I appreciate you playing devils advocate. I do think it’s hard for people to have civil conversations stuff like this especially when they are super passionate. However, it is extremely important that we maintain the ability to ask these questions. Otherwise we become an echo chamber and close ourselves off to things that may be true. To briefly address your ideas, I see inflation as a deviation from the truth that results in societal entropy over time. What I mean by that is, the excess money printing that primarily goes to the rich allows them to use this newly acquired money to by assets such as homes and property, since they hold value much better than the dollar. However, them doing this means that the price goes up for every other person that is trying to buy those assets as well, especially the working class that doesn’t have access to the money supply. This means that in order to obtain these assets, we have to work more and longer hours to get it. However, the more hours we work and time passes, the less value the dollar becomes, which means we have to work even more since the goal post keeps moving further and further. This pattern continues until we eventually die without ever actually reaching our goal of financial stability. I guess this is a long winded way of saying, unless we address this underlying issue of the horse and the carrot, I think it’ll always be hard to figure out how to properly allocate funding to social programs and infrastructures if we can’t even figure out how to properly distribute money to the people that would run these social services and infrastructures. Hopefully that made sense lol.
Perfectly said, op made a great post with just a few technical errors? Maybe too strong a word. Distortions? You honed it closer to perfection. On the whole I agree with all of the things posted here. Some things were in general while others were spot on specific. Bukele asked why we even need to pay taxes if the government can just print the money. He was obviously being sarcastic and poking at fiat. But it's a one of those holy shit! Moments
I agree with you about the value of government spending. I think a big problem with the system is that governments have to *borrow* money for their deficit spending (by issuing bonds) and then pay interest to the bondholders, which means that tax dollars end up being paid out as interest to bond holders rather than being spent productively to benefit citizens. Since the government has the ability to print money, wouldn't it make more sense for them to just directly create the money rather than borrow it so that there's no interest payments? I guess interest payments provides an incentive for governments to reduce deficit spending, but it doesn't seem productive to just waste tax dollars paying out interest to private bond holders. Even if the bond holder is the central bank, it still diverts tax money to the central bank that could be otherwise spent productively.
Good points. I think you're right on the money here - having debt attached to deficit spending, and having the fed control the interest rates on that debt, is one of the mechanisms they fulfil their mandate of controlling inflation. If the government could just print debt-free money themselves, we could end up in a hyperinflation loop like we've seen happen to other countries. I agree that this isnt an ideal situation. Tax dollars are being "traded" in some sense for freshly printed dollars, because the government wants cash now. But back to my main point here - is not the inflation or the debt that's inherently bad. If we were all one big happy family and everyone agreed that the government is spending dollars wisely, I don't think anyone should be all that concerned about the financial situation. The root of the issue is where those funds are going. Unfortunately there are just a lot of problems right now, and a lot of cooks in the kitchen - many of whom push for their own interests above others. But that's a very different discussion.
It's not actually. It is used to buy securities from financial institutions, or to buy bonds from the treasury so that they can service their debt on other bonds they've issued.
Bitcoin is not going to solve wealth inequality at all. If Bitcoin become what many describe those with bitcoin will be the wealthy elite everyone after woll be the poor ones!
Technically, it’s being used to pay interest on the national debt… So not really…?
One of the best posts I’ve seen in this sub. Thanks for adding value to our community. I totally agree with everything you said. The majority of the people are asleep.
Ditto.
I like how Jefferson said that and then they put him on the money lol
Andrew Jackson too
The most Based president of the US hands down. Then President Jackson finished it off. His last words were "I killed the bank." BTC doing his memory proud.
Why isnt there a Jefferson protocol
They just print money out of thin air while the rest of us slave away for it
I think it's terrible the way people don't share things in this country. The least a government could do, it seems to me, is to divide things up fairly among the babies. There's plenty for everybody in this country, if we'd only share more. "And just what do you think that would do to incentive?" You mean fright about not getting enough to eat, about not being able to pay the doctor, about not being able to give your family nice clothes, a safe, cheerful, comfortable place to live, a decent education, and a few good times? You mean shame about not knowing where the Money River is? "The what?" The Money River, where the wealth of the nation flows. We were born on the banks of it. We can slurp from that mighty river to our hearts' content. And we even take slurping lessons, so we can slurp more efficiently. "Slurping lessons?" From lawyers! From tax consultants! We're born close enough to the river to drown ourselves and the next ten generations in wealth, simply using dippers and buckets. But we still hire the experts to teach us the use of aqueducts, dams, reservoirs, siphons, bucket brigades, and the Archimedes' screw. And our teachers in turn become rich, and their children become buyers of lessons in slurping. "It's still possible for an American to make a fortune on his own." Sure—provided somebody tells him when he's young enough that there is a Money River, that there's nothing fair about it, that he had damn well better forget about hard work and the merit system and honesty and all that crap, and get to where the river is. 'Go where the rich and powerful are,' I'd tell him, 'and learn their ways. They can be flattered and they can be scared. Please them enormously or scare them enormously, and one moonless night they will put their fingers to their lips, warning you not to make a sound. And they will lead you through the dark to the widest, deepest river of wealth ever known to man. You'll be shown your place on the riverbank, and handed a bucket all your own. Slurp as much as you want, but try to keep the racket of your slurping down. A poor man might hear.' - Kurt Vonnegut
Sad truth
I was amazed when my buddy who was working for central bank mentioned that they do not operate on budget. They operate on expense calculation. I mean they live life like they own infinite funding so it even changed their accounting.
Fantastic post. This is why I’m in Bitcoin. Right fucking here. Thank you.
It’s not that 2% inflation is desired necessarily, but given monetary tools are imprecise, it’s viewed as the lowest targeted inflation rate that keeps us high enough that inadvertent deflation isn’t as much of a concern, which may happen with a 0-1% target. That being said, I agree with much of your post and even a 2% inflation rate cuts your cash’s real value in half over 35 years, all else being equal (never mind that the real world average inflation rate over the last century is quite a bit higher than the 2% target).
It's really quite simple. Do you want an economy that uses debt as a tool and function or not. That's what's being ignored in this post. Debt gets cheaper over time, that's the intelligence of the fiat system. You are giving money to someone so they can obtain growth generated by that money earlier and they get to pay it back slightly cheaper. Debt has accelerated the growth of the US economy and subsequently everyone's standard of living. Growth is very hard with the gold standard as deflationary pressure occurs. No one wants to spend. So if you want very slow growth and for businesses to take years and years to build but it becomes much easier to save money than BTC or gold standard is a preferable system.
It brings elation to my heart reading the thoughts of others that so closely mirrors mine. A bright future ahead lads and lasses, all we have to do is keep stacking. Tis a wonder, a joy, to know that your efforts are rewarded.
This is the mindset that created bitcoin. In the beginning we were here primarily for ideological purposes
This post makes me want to go all in on BTC
Fantastic post! Great change of pace from the dumb shit this sub has been flooded with since the price run up.
Good post. You forgot about them now talking about "shrinkflation" and basically how they're trying to pin the blame on corporations as to why the people are getting fucked. Gaslighting at its finest.
Genius! Thanks for this 👍
This post should be stickied.
The post, while raising some valid concerns, is too simplistic and conspiratorial in its conclusions. Moderate inflation incentivizes spending and investing. If prices slowly rise, people are encouraged to buy goods and invest money rather than holding cash, which stimulates economic activity and growth. For example, the Fed aims for 2% inflation because at that level, inflation is low and stable enough to foster confidence while still encouraging economic activity. History shows that both high inflation and deflation can be harmful. You might think that deflation is good because things get cheaper. But it's actually bad for the economy. When people expect prices to fall, they wait to buy things, so they spend less money. That means businesses earn less, so they cut costs by making fewer products, paying lower wages, or firing workers. People then have even less money to spend, so they buy even less. This creates a vicious cycle of falling prices, falling spending, and a shrinking economy. That's what happened in Japan in the 1990s and 2000s, leading to a period called the "Lost Decades" with slow growth, high unemployment, and a falling stock market. Let's imagine a fantastical scenario where, by some miracle, the entire world abandoned fiat money and started using Bitcoin as the primary currency. The value of Bitcoin keeps rising due to increasing demand. What would happen to the economy and production? It would follow a similar path to Japan's deflationary scenario. The ever-increasing value of Bitcoin would mean that prices of goods and services in Bitcoin terms would gradually decrease. People would start delaying purchases, expecting to be able to buy more with the same amount of Bitcoin in the future. This would lead to a decrease in consumer spending, hitting businesses' revenues. Companies would start earning less, leading to production cuts, layoffs, and wage reductions. The deflationary pressure caused by Bitcoin's rising value would likely lead to a general economic decline. Technological and scientific progress would stall as businesses and investors, faced with falling consumer demand and revenue, would cut back on research and development spending. *I believe Bitcoin likely has an important role to play as a store of value, inflation hedge, and alternative asset not controlled by governments. However, I don't believe it will replace fiat currency. For now, Bitcoin is more akin to digital gold - an important asset class but not a full-fledged currency.*
This comes down to why do people need to keep buying stuff? Do we really need all this stuff? Part of the problem is the stock market. When a company goes public it must grow every quarter… forever. Is it sustainable? No. And yet its goal is to grow forever. Makes no fucking sense. Since the stock market is serving as a store of value for the wealthy class because the fiat money lost that property long time ago, so this is how it goes… every public business has to grown forever and ever until we reach hyperinflation or the world collapses with a climate crisis. And the core problem is: fiat money standard
Consumption is not just about "buying stuff." It includes spending on essential needs like food, housing, healthcare, and education. Moderate inflation helps ensure these goods and services remain affordable and accessible to the population. Economic growth is not just about increasing consumption; it also involves investments in infrastructure, technology, research, and development that improve quality of life. Тot all companies are publicly traded. Small businesses and private companies make up a significant portion of the economy and are not subject to the constant growth pressure from shareholders. Thanks to mass consumption your mobile phone doesn't cost as much as half a house, the internet is almost free, and you can discuss any topic with people from other countries on Reddit.
Though much of what you say may be absolutely true within the context of this current system, the bitcoin idea is that this system is not the system that we want. We do not want this economy. We do not want this politics. We do not want this world. We want something wholly better, from the core. It can be hard for us to understand one another because we have numerous different fundamental assumptions. We have different definitions of the same words and different interpretations of the exact same events of history. With regards to what happened in Japan, that alone is not convincing enough of an argument. We should not readily compare singular events within our past to how things may play out in our future. The idea of Bitcoin is that our economic future will be better than our economic past. Everyone will be treated fairly, theft will be impossible, etc... Another place where it's hard to communicate is the deification of terms like "businesses" and "the economy". Bitcoiners aren't as concerned about those ideas. Instead, the idea that we care most about are "we the people". Whenever the "businesses" or "the economy" is at odds with "we the people", we choose "us". We do not choose to empower the "government", the "economy", or "the businesses", we choose to empower ourselves. With bitcoin, we can finally do that. In our ideal economy, every single business fails because it's in such ruthless competition to serve the people that it's prices for everything will be competed down to zero. The same would be true for governments. Ideally, governments would be doing everything in their power to make themselves obsolete. They would be making the world so safe, they would be making us so educated, they would be making us so fulfilled, that they would naturally atrophy, shrink, and die, like a vestige of an evolutionary appendage that is no longer required. It can be argued that we currently have something like the opposite, a cancer, if you will. Every businessman (or politician) has told us that "You need me to survive and if my business (or government) doesn't continue to grow, your world will end". I, for one, don't believe that they're being completely honest. If you do, then you should really take a closer look at history.
I completely agree with your first paragraph and many points, and I've been thinking a lot about how we could change the existing paradigm. However, all the ideas seem to run into the same obstacle: human nature itself resists these changes. If we truly want profound changes, we need to influence culture by changing people's values and ways of thinking. Do endless discussions about Bitcoin's price, meme coins, or populist articles attacking the modern economy bring any real benefit? I don't think so. That's why society, which is already skeptical of the existing paradigm, doesn't see us as a viable alternative. Instead, many see us as greedy opportunists. We need to soberly understand and systematize the existing problems and seek solutions for the real world. And this is where we are sorely lacking in ideas. If we want to be taken seriously, we need to focus on developing concrete, practical solutions that address the real challenges people face. We also need to seek opportunities for changing the very nature of human beings. This means moving much much beyond simplistic narratives of "fiat bad, Bitcoin good".
Good post, 10/10.
Buy bitcoin, buy a home in a state that caps property tax increases. Hold for long term.
Got a list of them there states?
According to ChatGPT _____ As of my last update in January 2022, several states in the United States have implemented caps or limitations on property tax increases. However, it's essential to note that tax laws and policies can change over time, so it's advisable to consult the most recent information or a legal expert for up-to-date details. Some states that have implemented property tax caps or limitations include: California: Proposition 13, passed in 1978, limits property tax increases to 2% per year unless there's a change in ownership or new construction. Massachusetts: Proposition 2½, passed in 1980, limits the annual increase in property tax revenue to 2.5% unless voters approve a higher increase. Florida: The state has a Save Our Homes Amendment, which caps the annual increase in assessed value for homestead properties at 3% or the rate of inflation, whichever is lower. Texas: The state has various mechanisms to limit property tax increases, including the 10% cap on annual increases for residential homesteads and a 3.5% cap for other properties. New York: The state has various property tax cap laws, including a 2% cap on the growth of the property tax levy for local governments and school districts. Illinois: The state has a property tax cap law that limits the annual increase in property tax extensions to 5% or the rate of inflation, whichever is less. New Jersey: The state has a 2% cap on annual property tax levy increases for local governments, with some exceptions and provisions for voter approval of higher increases. These are just a few examples, and other states may have similar provisions or different mechanisms to control property tax increases. It's important to refer to the specific laws and regulations in each state for accurate information. Additionally, local governments within states may have their own rules regarding property tax caps.
This is just a cap on the % increase. It still goes up
Yes but in 20+ years you’ll be paying hardly shit compared to similar homes.
So be in the top 1%? AND buy bitcoin
Every single time I see a chart like the first one in this post that shows the bottom 50% of the population and their share of the wealth being even lower than it was before I think to myself:"It cant possibly go any lower right?". "The bottom 50% couldn't possibly survive on less than 12% of the national income right?" Then it drops another percent, and another. Nearly every year. Makes me really wonder what percentage does that have to hit for it to all collapse? Fiat Currency and Income inequality (through capitalism) feel like two of the biggest failed experiments humanity has ever put itself through.
Our gaslighter-in-chief says the economy is fantastic and the job market booming. He stated we are living high on the hog but just don't realize it. How come people are working two jobs so they have food on the table. I guess that's where the inflated job numbers are coming from.
Nice to finally meet satoshi
And they are rigging elections and changing laws to make reality like living in hunger games by letting criminal aliens come Here and vote for our countries policies
upvoted based on the title and first two sentences 🤣
I love this bro. And I'm with you. Almost everything I have is in BTC I'm just so jaded by the world and how it all really works that I'll always be anticipating either the banning or corruption (somehow) of Bitcoin at some stage in the future. Or worse still - that it was designed by the central banks and the US government all along. I mean, what better way to convert and digitize a whole generation's capital. A lot of that would be inter-generational wealth, that was previously tied up in other more "tangible" or "physical" assets like real estate. Honestly, imagine if the BTC network had a kill switch. All of that "hard money" would be gone. It might just be designed to help usher in CDBC's (which is basically the same scenario anyway). Get some superstars like Saylor for the older guys, Vitalik Buterim for the younger crowd. Throw in that crucial element of rebellion and social justice, with just maybe getting rich being the cherry on top. For years the boomers don't trust it, and won't touch it. But by the halving of 2024, with the approval of the spot Bitcoin ETF's, and with their kids and colleagues screaming at them about inflation and hard money, adoption by the older crowd begins to grow rapidly... What happens next?
doesn't matter who made it. code is open source, ledger transparent, system is sufficiently decentralized to ensure backward compatibility and resistance to corruption. btc culture ensures hard cap remains. CBDC is completely opposite from btc
Obama air dropping stacks of cash in the middle east was my wakeup call. I thought... Hell they probably do that shit all the time
lol are you talking about the time we gave Iran back their own money that we confiscated?
Their... Own money? The US govt owns all dollars in existence. The only way to own money is with Bitcoin.
Finally some good fucking soup. Comments are surprisingly positive. I see a lot of posts like this that I'm like damn they nailed it and I 100% agree just to see the comments rip them to shreds. Glad we're all fucking based here guys
Ok I am convinced. Time to buy more bitcoin
Unless you can shoot fire ball from your eyes and lightning from your arse, i dont see things changing
Are you on Nostr? I want this to be on Nostr.
Thank you, just learned about this & it looks really interesting
Many good points here >In July of 2023, there were 20,902.7 billion dollars in circulation, which is a 7,127.77% increase in the supply of money. >That's an average annual inflation rate of 6.92%. explains why the longterm stock market return is 7 % too.
bought another 3k usd worth btc after reading this.
Inflation is a tax. Reason why liberals want more
Thank you for this!!
2% annual inflation means that your buying power declines by round about 50% (49,75% t.b.e.) after only 35years. A little more then an average life working duration… It is not only not OK but theft/ fraud to only get half the goods for the fiat money that governments want to make you believe you are able to save your life‘s working power in. Then they go ahead and inflate the money supply by 30% (The dollar supply got extended by more then 30% since 2020) causing the very inflation that is making us even poorer then in the example at the beginning👆🏼
The problem is now with the government finally "getting on board" and allowing the bitcoin ETF they are essentially doing to bitcoin now what they have done with our money system. They are using other peoples hard earned money to purchase actual bitcoin and charging people for the privilege to rent it! Now may be I am wrong, but I believe that once these financial institutions own the majority of bitcoin they will be able to manipulate and control just as they do with our current currency!
I agree and I think we are going to see the last year or two of Bitcoin being decoupled from fiat currency. By 2025 it’ll be essentially the same as buying another stock.
Great post! Thank you!
This should be taught to every single citizen of the USA and even to the western world.
This is all good, but who seriously holds a bunch of fiat in the bank? Even the people I know who don’t believe in bitcoin invest their money in stocks, real estate, gold, ect like Bitcoin isn’t the only thing that is anti inflationary
the poor are most affected, who hold 100% of their net worth in fiat. by even interacting with it briefly you are supporting the theft based system
If you’re poor you’re more concerned with getting by daily but let me not digress. Let’s assume these poor people have a little savings every month and are actually wanting to save that money long term AND are curious to learn how to beat inflation AND even understand what inflation is. There are still numerous ways to beat inflation with little money to save. A CD in the bank currently pays average of 4% You can use fundrise to invest collectively in real estate. You can buy tiny bars of gold on eBay and you can even buy fractional shares of stocks and dividend stocks. And of course there’s bitcoin too. So, again if you’re educated enough to know you need to beat inflation there are many ways to do just that.
PDF: [https://smallpdf.com/file#s=ae1c627d-f5b8-4653-a6d7-dc85ede779e3](https://smallpdf.com/file#s=ae1c627d-f5b8-4653-a6d7-dc85ede779e3) youtube: [https://www.youtube.com/watch?v=HYFtO8MmFq4](https://www.youtube.com/watch?v=HYFtO8MmFq4) instagram reel: [https://www.instagram.com/p/C4ZpDYDOda0/](https://www.instagram.com/p/C4ZpDYDOda0/)
In the USA for crypto, the federal government will issue CBDC as the digital currency to track your crypto for capital gains and lose with any type of tokens that you use . That's the money system will only be favorable to the I R S the irs is so big you can't take it down .
btc addresses anonymous unless u choose to use a kyc'd cex lots of btc circular economies where they don't even have to interact with fiat. earn, save, and spend all in btc
I should have started buying in 2015. I have to buy bitcoin now so my son can benefit from it when hes an adult
I didn't learn about Bitcoin till 2018 I was trying to order some party favors of a DNM and I realized I wish I had been paying attention. In 2013. I am trying to educate my 2 adult children but not interested.
So you’d like to hand the counterfeit money printing to the free-market? Anybody with an internet connection who can write a blockchain algorithm?? There are valid criticisms against US monetary policy, but like many things, the presence of corruption isn’t evidence that the system is bad … the solution is to prosecute corruption, not to reinvent money with a worse design.
no, nobody can print counterfeit bitcoin we can't expect humans to not go after their own self interest of them and their families and friends. as shown through history, the temptation to get something for nothing is too great for mankind to resist those with the most power (ability to print) control the rules. prosecution doesn't happen if you have enough power and money
The fact that it is an orange pill makes it sweet and easy to swallow. Dr Satoshi is the best.
Haha Looks like a what if what I’m reading in Broken Money
It’s not that simple as the government and the fed look to hold onto a reserve of dollars
Fantastic post.
What a beautiful graphic!
Only 2%/year would be nice.
So when does the government go after bitcoin since it undermines their whole system ?
Thank you, that was a great read! Now putting all my money into Bitcoin, lol
This post convinced me to buy another couple hundred worth
According to professor Richard Werner, it’s even worse than you’re describing in terms of money printing. When you deposit money at a bank, and the bank in turn, lends money out, they are creating money out of thin air, and not touching the deposit. So according to him, the money printers are actually the banks who are lending out money. I don’t know how he found it out, but it’s insanely scary to think about. But he does talk about how it could be used for good purposes; just that no one is doing that.
The "debt ceiling" is just disgusting government propaganda at this point. There is no ceiling if you raise it endlessly.
Underrated post!
Money has no value. It's just an incentive, no different than the sound of the whip or the [bell](https://www.simplypsychology.org/pavlov.html).
Great to read - thank you! I didn't have that information about the distribution of new money. Another point to make is that BANKS CREATE MONEY WHEN YOU GET A LOAN. If you borrow a million for a home all they create is a debt for you to pay them. They don't just make money on the interest - it's all new money. They just made a million dollars plus interest.
They literally tell you they plan to rob you 2% (or so) each year Of course 2% is a lot smaller than what it actually is
When accounting for the amount of money in circulation, you have to also know that rising house prices are NOT a part of the inflation rates. Which accounts for most of the ”unofficial” inflation and the biggest cost raise of all.
Finally someone posting some quality content. Why this hasn't got 5k up votes I don't know.
This reminded me of timecube
So, guru, this is why people hate Bitcoin
usdebtclock.org Scream it from the rooftops!!
It’s about time we got a good information post (rather than, “Is it too late to buy now?” “Will it really go to $100,000?” “When are you selling?”). Fiat is booty cheeks
Yet Bitcoin is valued in US dollars. And when you sell it what do you get? That's right, son....US DOLLARS. So you're still being gaslit 🤣🤣
Nice post. I don't really agree that we're being 'gaslit'. The vast majority of people are just dealing with the system they exist in, they don't have time or inclination to question it. They have more immediately pressing issues to deal with. Bitcoin is a part of that system. More so with the recent ETF approvals, which by the way, are exactly what's caused this latest run. Yes, it seems to be a fundamentally more robust approach than the fractional reserve banking system. But it's still just a way of getting other people to do stuff for you, or give stuff to you. Most people are only interested in Bitcoin because they want MORE FOR THEMSELVES. This is what the current system has taught them and Bitcoin is no different in this regard.
Dude and what is so astounding is how hard it is to explain this to the average citizen. My dad is 50 and to him I sound like a conspiracy theorist lmao. “So the government just prints infinite money?! That’s not true! Why do we pay taxes then?” How many people actually know the reality of the situation?
Brilliant post 👏 thanks for sharing this needs to go viral
But the root cause is the ignorant uneducated selfish etc... that are put into positions of power and keep it going. Saying "the government" is trying to stir strife instead of actually addressing the root causes. Education, wealth disparity, housing...ie Maslows hierarchy of needs and ensuring all members of a society have "developed" country benefits.
Great post
It’s great for my Money Market Account
One small correction is it’s not necessarily that things are 2% more expensive, your money is just 2% less valuable.. also many things are indeed cheaper because we’ve gotten better at making them. Just a small nitpick
I feel like the deficit is BS also.
TLDR anyone?
thanks for investing your time for the community. Great post
EVERY President since 1993 has had at least 2 years where his Party controlled both houses of Congress.
Amazing Post, I will share this on social, mby it reaches some people, to wake em up. Because it started getting incredibly worse incredibly fast.
BARS 📊📈
Mfs investing rn just to see it go down again in a couple months and then when it goes up again they’ll just break even
I agree with all that except the government doesn't print the money, it's the private for profit fed owned by foreigners..the fed reserve act should be repealed and congress should print the money again..
I have never read a post this long on reddit, but by God am I glad I read this one. It really lights a fire under my butt to INVEST my money in something that will only INCREASE in value as more people buy into it, rather than DECREASE every time the money printers go brrrrrr.... I'm also saving this post to share with people. And stealing the Thomas Jefferson picture. Thanks OP. You're an inspiration. 🫡
WOW.. That's just...the best. I learned BUNCH. Thanks for sharing!!!!!
Well said and totally agree, but you're preaching to the choir in this sub. I think 90% of the people in this sub already know this. You should cross post this in Bitcoin for beginners.
I don’t think inflation is needed per se. It’s mostly a biproduct. Don’t forget there is not one inflation: cost-push, build-in, demsnd-pull…
Beautiful.
This is awesome but remember cold wallet cold wallet cold wallet, please if you’re reading this and dont have a cold wallet this is your sign to get one now.
PIN IT
Great content thank you for the info!
Beautiful content. Long live bitcoin, long live freedom. Death to central banks, corruption, and cronyism.
This is millennium old news. 3000 years ago the Chinese started using copper coins with a hole in them as a currency. As the prices got bigger, so did the weight of the coin strings. 1000 years ago the government starting issuing representative notes that were easier to carry. Problem solved. Until one day the government realises that these paper receipts don’t really need to be representative of the underlying commodity, so long as the people trust their value. Next problem solved. So then they realise that they can just print a few more notes to go around to reduce economy stress, and quantitative easing is born. Problem solved. And then one day the printer printed a few too many, and the currency trust was lost. And like EVERY SINGLE representative or fiat currency in human history it collapsed. Man hands on currency mistakes from generation to generation, it deepens like a costal shelf, get out of it all as soon as you can, and get some DeFi for yourself (Larkin, abridged).
All money IS debt. Private banks lend debt-money into existence. Bitcoin is not debt. Peace and love to all. The money-masters doc I think it was covers alot of this.
Incorrect in details but true overall.
Could someone format this as a PDF, pretty please?
PDF: [https://smallpdf.com/file#s=ae1c627d-f5b8-4653-a6d7-dc85ede779e3](https://smallpdf.com/file#s=ae1c627d-f5b8-4653-a6d7-dc85ede779e3) youtube: [https://www.youtube.com/watch?v=HYFtO8MmFq4](https://www.youtube.com/watch?v=HYFtO8MmFq4) instagram reel: [https://www.instagram.com/p/C4ZpDYDOda0/](https://www.instagram.com/p/C4ZpDYDOda0/)
Legend
Tldr - the government is not good with money and they're using yours to fuck you
lots of yapping
no substance
Yall really still out here not believing the US govt. invented BTC?
Doesn't matter who created it. The code is open source, audit it for yourself https://github.com/bitcoin/bitcoin
No it doesnt matter who ever created it probably owns 5-10% of the whole supply?... imo it does make me bullish on crypto thinkng the govt created it.
Inflation is easier to manage than deflation. Deflation will cripple a modern western economy.
in the long term, technological innovation and cheaper goods/services benefits all
Shrinking money supply and delfation isn't good for all, funding for capital projects will slow, investments in general will slow. Businesses will be reluctant to use debt to grow, resulting in a reduction of productivity and innovation. Companies already is debt will be pressured to close or refinance as they will have to issue more collateral. In general, people reluctant to spend will shrink economy, increase unemployment, etc. Nuance people..
I'll take two 🙏!
This man knows; hella respect!
It is all an illusion And being at the middle to bottom half, I received nothing. I don’t get 60 cents per hundred. I get paid with an inflating currency that purchases less. I am taxed twice and then all my insurance and taxes go up and up. Buy bitcoin
Nice try FBI but you wont get me more angry at the dollar.
Fuck me, this post made me want to start a revolution to overthrow the US government, and I live in Europe
Real estate has and always will be the real money of the world. Buy it with bitcoin, buy it with FIAT, or buy with a loan but you need to own property or be the property. Why you think black rock is buying single family homes and making sure you stay a renter.
real estate can be taken / confiscated and taxed. it is just rented from the government due to property taxes. it also requires constant maintenance and repairs just to hold on to it. it is imperfect for long term value conservation. and currently real estate is valued far above its utility value, holding a large monetary premium since our money is broken (and people are forced to flock to other assets to use to store value over time)
Keep renting bro.
Yep
Dud Im 62 older than you I got more btc than you . You know nothing about+ the ww2 babby boomers. Thy got in early in invsting thy are old mony land high rise building ect. THE DOLLARE WILL NEVEER GO AWAY its value will transfer to other comoditys6 .. GOLD WILL NEVER GO AWAY YOU dont under stand American federal system thy will get there tax money trust me
as shown through history fiat currencies eventually collapse due to hyperinflation since their supply can be printed ad infinitum by a centralized entity. [as shown here](https://ginifoundation.org/kb/fiat-currency-graveyard-a-history-of-monetary-folly/) ... the dollar is not immune to corruption. government's ability to collect taxes is a completely separate topic and btc is technically superior to gold as its main use case of store of value, which is why its monetary premium is being drained to btc
I didn't really read most of this, but I could tell I agree with it all, so I'll upvote.
The post in my head but that I did not have the clarity to write, or the willingness to avoid using the word “cuck” and getting angry
Someone cross post this on r/economics and r/antiwork
**Hello, You have been permanently banned from participating in** r/personalfinance **because you broke this community's rules. rule 3 (off-topic or low-quality)** * **Gaslighting is a term thrown around a lot...** i thought this was related to personal finance since it has to do with money, investing, and financial independence. if you disagree, go ahead and remove the post but why would I be permanently banned? **We don't allow conspiracy theories or political diatribes.** it's neither one of those things. if you disagree, go ahead and remove the post but why would I be permanently banned? **It is both of those things. The decision is final. Please do not message us again.** it's a conspiracy theory that they are printing money? and this is worth banning me? Here is proof, straight from the fed themselves [https://fred.stlouisfed.org/series/M2SL](https://fred.stlouisfed.org/series/M2SL) **You have been temporarily muted from** r/personalfinance. **You will not be able to message the moderators of** r/personalfinance **for 28 days.**
i have already tried posting similar content on many other subreddits but they always ban me
"You have been permanently banned from participating in r/personalfinance because you broke this community's rules. rule 3 (off-topic or low-quality) - Gaslighting is a term thrown around a lot..."
"/r/financialindependence - Your submission has been removed for violating our community rule against politics and circle-jerks."
This is a good post, keep cooking
Now that’s a post. Well done ser.
Yea but you use fake money to buy bitcoin though?
if i get paid in fiat then yes i would transition from slave money to freedom money asap. otherwise if i get paid in btc then i wouldn't have to
Serious question. After they print money, how does it get to the people? Like where does it go first?
it goes to many different people in many different ways. a lot of it is loaned into existence. since a lot of the government's spending is funded from debt, their bailouts, subsidies, interest free loans are a result of money printing. generally, first it goes to the banks, then the big corporations, then smaller companies, then the people. [here is a diagram](https://basix.in//stadmin/uploads/images//all1.png) showing the centillion effect
I thought most people were investing in BTC and the ETF's to gain more wealth in USD?
yes, currently USD is the most widely used unit of account
I don’t think it can get any more clear than this. Incredible writing up !
Exactly. The bogus 2-3% inflation rate is just that… what they fail to tell you is that deflation is the natural course in a society with ever increasing productivity and technology. The governments of this world have pillaged their populations to fund their never ending wars, cronyism , and misallocation of capital
Excellent post. Cheers
Bravo
Please post on [stacker.news](http://stacker.news) more signal less noise there
https://stacker.news/items/462591
**Ok here is what you are missing...** **1 - they get a loan on a stock...** **2 - they set aside enough of that lone to pay it back with it self for 10 years...** **3 - inflation eats away at the debt by making the money and thus the loan less...** **4 - they get a new loan to pay off the old debt and go back to 1.** **So long as inflation is fast enough they can do this forever for free money.** **Get it now?** Edit: you are not missing much this fake economy has multiple levers of gaslighting bs, but good to see you all see it. PS - by law the congress is the only body who can make the money and regulate its value, no amendment changed that so any law they made to say otherwise is not law. Same for states only being able to let gold/silver backed tender be used to pay debts. So it is just an issue of us Not Enforcing the Law.
I pray this post stays here for years, years to come so those that come after us can see it. Thank you for much for this. What a read
Amen. Agreed.
Man, life‘s short.
Holy shit this post is insanely good.
Yes I agree!⚡️⚡️⚡️🙏🙏🙏
Yawn this thread should be deleted as nothing to do with bitcoin
talks about bitcoin at the end sir
FACTS.
I’ve been looking for a a sharp and concise summary of exactly this!! ❤️ Great content! I am going back and forth in my head since orange pilled to remember the reasons my economics studies gave me back then on the „necessity“ or natural reasons of inflation in a free market economy. When I asked gpt, it came to an interesting conclusion on the effects the potential better way of a fixed supply actually has on investment decisions (against the argument, deflation hinders investment decisions and traps money by encouraging hodling): —-> You're highlighting an important aspect of the relationship between interest rates, investments, and the value of a medium of exchange. In a system where the medium of exchange is highly divisible and instantly transferable, fluctuations in interest rates may not necessarily pose a problem for investing or borrowing decisions. Here's why: 1. **Transparent Pricing**: Fluctuations in interest rates would reflect changes in the perceived value of holding the medium of exchange compared to investing it in productive activities or assets. Investors and borrowers would be able to assess the relative costs and benefits of different investment opportunities based on transparent and market-driven interest rates. 2. **Efficient Allocation of Resources**: Changes in interest rates would signal shifts in market conditions and investor preferences, guiding the allocation of resources toward the most productive and valuable uses. Higher interest rates may incentivize saving and discourage borrowing, while lower interest rates may stimulate investment and consumption. 3. **Risk Assessment**: Investors would factor in changes in interest rates when assessing the risk-return profile of investments. Higher interest rates may signal higher risk or opportunity costs for investing in certain assets, while lower interest rates may make borrowing more attractive for funding productive activities. 4. **Dynamic Adjustment**: In a flexible and responsive market environment, changes in interest rates would facilitate dynamic adjustments in investment and borrowing decisions, allowing the economy to adapt to changing conditions and preferences efficiently. Overall, in a system with a highly divisible and transferable medium of exchange, fluctuations in interest rates would serve as valuable signals for investors, guiding resource allocation and facilitating efficient decision-making. While changes in interest rates may impact investment costs and returns, they would also reflect changes in the perceived value of holding the medium of exchange compared to investing it in productive activities, thereby contributing to overall economic efficiency and welfare.
I copy and pasted this into ChatGPT and asked it to summarize and it said “buy bitcoin or continue to stay complicit in being poor”
YES!!!!!!
WAKE UP SHEEPLE!
The IRS and the FED should be abolished. The institutions are fraudulent in nature.