Tuesday, October 19, 2021

$1,200 STIMILUS CHECKS SENT IN APRIL WOULD NOW BE WORTH OVER $11,000 IN BITCOIN 💰⚡🧙‍♂️

  • Your $1,200 stimulus check would be worth over $11,000 today if you’d bought Bitcoin with it in April 2020.
  • On 27 March 2020, after the U.S. Government had brought our economy to a screeching halt through lockdowns and other mandates in a turbulent and misleading overreaction to the natural spread of a virus, President Donal Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act, also known as the CARES Act.
  • This event escalated an already out-of-control inflation problem in the U.S. The CARES Act brought $2.2 trillion more dollars into the economy, and set the precedent for even more money printing. The problem of printing more money is that of decreasing marginal utility. As the Fed prints, the amount of money they need to fund whatever they like increases, and the subsequent printings must be of increasingly greater quantities to be of any consequence.
  • Do not be fooled. Money printing is not even a quick fix. It does nothing to stimulate the economy long term. Inflation is a covert, slow form of taxation. It thrives on your time.
  • The negative effects of inflation are felt by bankers and those who work in or with the government in high positions of power, those who are closest to the money printer last. Inversely, the effects are felt by the average Americans, and those abroad whose economies our government disastrously intervenes in (to control) to centrally plan, first.
  • The value of your $1,200 stimulus check, if left in dollars, has only depreciated.
  • The value of your stimulus check held in Bitcoin has only appreciated. So the next time someone hands you a couple of free petrodollars, buy Bitcoin instead.

https://preview.redd.it/omi1cc1jqdu71.png?width=742&format=png&auto=webp&s=0c1e8e9c4c32c4698d4f154cdd47a06cf4340c67


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