🚨 The U.S. dollar's monetary base has grown at an annual rate of 6.3% over the last 10 years.
This means that if you didn't earn more than that in dollars, you effectively "lost money."
While stocks have been a way to protect capital, nothing has compared to #Bitcoin in the last decade.
It’s even worse, since most of us need to trade time for money… they are stealing our life
Central banks printing money without limits are expanding prostitution.
Negative interest rates are creating a world of promiscuity and fatherless children.
Here I’m lost. I’m fine with the hookers but does it necessarily leads to a world of promiscuity (also ok with whatever anyone wants to do)… but why fatherless children?
Having children has become more expensive, and now women need to work to help with family income. This, in turn, contributes to the rise in divorces, especially since the state tends to favor women in separation cases. Additionally, the damage caused by inflation extends beyond economic and moral impacts.
It’s a complex and challenging situation to address.
History shows that the most prosperous eras occurred when money was backed by gold. Natural incentives were present, and when these incentives are not natural, civilization tends to face collapse.
When you share this with acquaintances, they generally do not understand the connection between the quality of money and the health of civilization. Many do not realize that money is the heart of civilization and the importance of time preference in the economy.
