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Thoughts on FIAT

The quality of products is getting lower and lower, or we can't even access products that were once affordable. For example all our grandparents and parents had solid wood furniture, now it is unaffordable to buy this furniture that lasts a lifetime. The same happens with clothes, or worse, with food, healthy food is becoming unaffordable.

People confuse wealth with technology, it is evident that we have more technology than them, but we are not richer, we have much less purchasing power thanks to the extractive system in vertical that supposes the FIAT money.

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Discussion

XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 2y ago

Fiat money, because it's all debt, needs high velocity, to keep the system "stable". As such, providing products that you buy once or twice in your lifetime is a big no no. They need people to keep buying shit over and over and over again, to keep the system alive. If people don't spend constantly, because they don't need to, businesses' revenues collapse, they can't pay their debts, and the whole monetary system unwinds.