Monday, August 23, 2021

No one is saying our first-world countries are in hyperinflation today. What we are saying is that we're dangerously increasing in our first world countries’ rates of inflation, to points where we can very easily grow into hyperinflation rates in our first world countries in the next 30 years

That is the worry. We're seeing the inflation train speed up, and in 30 years this steadily growing inflation rate can very easily become hyperinflation. The poor will not know to hedge themselves away from their Countries' fiat currencies like the US Dollar. So if we do nothing to warn them, then they will all be left in their fiat currencies savings to suffer in its devaluation.

So yes, speak to people responsibly about Bitcoin and crypto if you know how to. Don't tell anyone to throw in their life savings, just tell them to stop buying lotto tickets every week and instead use that money to buy a little bit of crypto every week. Because if they don't, then sure, you'll be protected. But they will be fucked and they will look at you with the cryptographic money to blame. So if you want to help the poor, then help them onboard by redirecting to Bitcoin & good cryptocurrencies every little amount of money they already throw away into lottery tickets today and other none essential expenditures. A little money will still go a long way in this space in a 30 year time chart.

A bit of context with some video context within it to help people understand better: https://investla.medium.com/the-modern-financial-system-is-a-debt-based-pyramid-scheme-and-an-investment-based-ponzi-scheme-e37c4154b9

Saying that hyperinflation in first-world countries is impossible is exactly the kind of baseless dollar-shilling economists all over the world have been warning about.

One of those people who foresaw this was Satoshi themselves. They wrote about it extensively in their white paper when talking about the inflation happening from the second bank bailout they saw in 2008, and how the bailouts that would happen following that new precedent would cause even further increases in our first world countries’ rates of inflation when offering Bitcoin as a potential solution to that inflation.

Nobody is saying it will happen, they're saying it has a strong potential to happen with everything we're seeing in the increasing rates of inflation today, when calculated with all the data spanning back to 1971 when Nixon's ban on the gold trade for the dollar gave us the fiat currency standard we've all been suffering through for the last 50 years.

The inflation rate has not slowed down since then and has only increased if you've learned how to read past the US government's twisted CPI numbers that are manipulated every year to keep a fake low inflation rate number. If you calculate in things they purposefully leave out like housing, travel, and food, then the real inflation rates are more obviously seen. Like the fact that housing inflates on an average of 26% per year against fiat currencies like the dollar after it became no longer tied to gold.

Yes, maybe something happens and they change the way the system works so we don't continue to head down this path, but that change hasn't happened in the last 50 years. So people should not be betting that something will happen, so their dollars can be saved from their current increasing rates of inflation. They should be hedged in some way in case this approaching event happens and is not prevented.

Check out [WTFHAPPENEDIN1971.com](WTFHAPPENEDIN1971.com) if you want to see more data on all these increasing rates of inflation we have all lived through for the last 50 years.


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