Whether the government prints money for bombs or handouts, the result is the same = devaluing the currency and driving up prices. Military spending, stimulus checks, shutting down farms, it all feeds inflation. You’re defending a system that’s like trying to put out a fire with gasoline, and calling retards for pointing out the flames. Bitcoin cuts through that nonsense, but you’re too stuck in the burning building to realize it.
what Bitcoin retards like you don't understand is that spending hundreds of billions on bombs does less to increase food prices than giving out stimulus checks or forcing farmers to close and / or destroy produce
you could understand it if you wanted, but your Grift demands that you continue not understanding it
nostr:npub1tnlu2e4ynjp3c853tqcyuynvnpzqhn7cu9htxhppfxjxcf7cm0xqgwkrm0 nostr:npub1xy60n57p02ugl743zfag2ljftxh4s0ufpzu0wsmhdvng7hj5c0vqvx8w7v
Discussion
i wouldn't hire a moron like you to flip burgers
Are you calling me a retard?
well i was specifically addressing our middle eastern friend but you did repost him ... but a repost is not necessarily an endorsement
me and you are on the same page regarding Jews and Israel but probably not when it comes to Bitcoin or Inflation
yes obviously printing money is the definition of inflation of money supply and can potentially and indirectly lead to consumer price inflation but it is not as simple as our goat fucking sand nigger friend makes it out to be ...
in particular our monetary supply has been explanding more or less constantly for decades but we only hit hyper-inflation immediately following Covid lockdowns and anybody who can't put 2 and 2 together and realize it was the lockdowns that caused the spike above the normal rate of price inflation is indeed a retard ...
i am not against bitcoin as means of exchange, whether legal or illegal. i am against bitcoin as a store of value and people trying to pump its value up by spewing nonsense.
my preferred store of value would be either stocks or real estate.
bitcoin only works as a store of value as long as other people believe in it.
with the right stocks and the right real estate you don't need anybody to believe in your investments for them to have value.
yes there are meme stocks and there are real estate bubbles but overall people need homes and commercial buildings and businesses.
nobody "needs" bitcoin. if bitcoin disappeared tomorrow the world would go on as normal. even if you believe that bitcoin is what stands between us and absolute tyranny then it can still be replaced by any meme shitcoin.
pyramids like bitcoin are fascinating for sure. the greater fool principle. sucker born every minute.
i don't care if you use bitcoin to sell drugs or guns or whatever - more power to you.
but if you pump a pyramid scheme ( whether bitcoin or any other one ) then i would take pleasure in killing you.
Technically I think we didn't even get hyperinflation during the peak time of inflation which was actually mid-2022. There was a lag effect beteeen money printing and the tsunami of inflation hitting; I think lockdowns might have even slowed it a bit in some categories by limiting velocity of money although durable goods prices had already shot up because of supply chain problems. But what we saw after that was all services experiencing huge inflation which is still with us but a bit lower. And services are the majority of US economy now. Services inflation even according to official fake numbers is still 5% today.
Some countries like Brazil, Argentina and even Israel had times of hyperinflation and they would get 50%+ price increases in a month! Obviously we were never close to that but at times I would say it was 20-25% per year which still sucks because that means prices double in <3 years or so. And certainly prices have gone up more than they say, with some services already being 2-3x what they were a few years ago. But a hyperinflation that completely destroyed the US dollar value, well, they'd have to print a lot more to get that. Inflation will stay high though because both Trump and Kamala want to do even more deficit spending, so it doesn't even matter much who wins.
i don't care if we technically had hyperinflation or not. post pandemic prices are double pre-pandemic prices that's all i care about. it means that any financially illiterate people ( most poor people ) who had savings in cash had half of their savings taken from them in a matter of about 3 years as you said.
if there was any excess money printing it was to prop up the stock market that was getting hammered by the pandemic, or more precisely by lockdowns as pandemic itself didn't do any damage - only the response to it did.
but the reason for inflation was that the printed money had nowhere to go. if you print money and economy grows - you don't get inflation - you just get investment.
but when you print money while economy collapses - you get what we got.
japan has or had something called stagflation which is when you print money but economy can't grow because the population is aging and dying out.
what we got during lockdowns was similar but on steroids because REAL economy didn't just fail to respond to printing - it dwindled because people were literally not allowed to work.
and remember there was also the stuck suez ship, the blown up gas pipeline, the hacking of another pipeline and many other terrorist attacks and inside jobs by the WEF in that time.
the objective of the lockdowns was to destroy the standard of living while increasing dependence on government.
don't believe Lyn Alden - money isn't everything. you can't buy goods that don't exist. if you don't plant any food crops you will starve to death no matter how much money you have - those of us from Soviet Union understand that but Americans struggle with this.
MONEY IS A TOKEN IT DOESN'T MATTER.
what matters is whether the relevant goods are being produced or not. during lockdowns we stopped producing them.
THAT IS THE PROBLEM
THAT IS WHY PEOPLE CAN'T AFFORD ANYTHING
not the money printing
😃
money is a signal. nothing more. it isn't real.
the output of farms and factories is real.
you can't fix real problems in imaginary domain.
for example: you can't buy Palestinians their lives back once you have killed them.
damage in imaginary world of money can always be fixed in the real world. damage in the real world cannot be fixed in imaginary world.
Lyn Alden won't talk about this because it doesn't fit her "bitcoin solves this" narrative.
be better 😄
you mentioned velocity of money ...
price is ratio of money to goods ...
i propose a new concept - velocity of GOODS.
what do you suppose the velocity of goods is during a lockdown ?
and what would be the effect of it tending toward zero on prices ...
THERE YOU GO
YOU ARE VERY WELCOME
😃
( i'm running out will be back in an hour )
anyway nostr:npub1xy60n57p02ugl743zfag2ljftxh4s0ufpzu0wsmhdvng7hj5c0vqvx8w7v i apologize for using all caps.
i know nobody understands the argument i am making but i was still surprised to be stabbed by Brutus.
it seems like i have no choice but to do a long-form Lyn Alden style write up on my site on this.
although honestly i am at a loss on what else can be added to the subject as it seems so obvious to me.
yet in years of trying to explain it to people not a single person was able to understand it, so it was wrong of me to hurl capital letters at Brutus as he is only human and it is not his fault he couldn't do what no other human could - namely get my point.
likewise not a single person in DECADES was able to understand this argument:
https://dissidentsound.discoursehosting.net/t/why-skin-color-is-correlated-with-intelligence/117
on one hand it is frustrating but on the other it is also why i have to keep going. if somebody could understand my ideas i would be able to stop and let them carry the torch, but that day hasn't come yet, which is aggravating on one hand but is a reason to go on living and writing on the other.