Interesting interaction on the Platform Formerly Known as Twitter:
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“Savings? Who has savings? In this day and age, everyone's wealth is in their house, which is inflation-proofed.”
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When the money is broken, people are forced to use imperfect money substitutes to retain purchasing power and store the value of their time/energy. 
Oof so close yet so far
I have 100€ in my hand I like to invest. BUY A HOUSE??
Imperfect indeed. I have a cousin who just dropped his asking price by $30k because he can’t find a buyer and has already moved. Seems like a housing market crash is likely in the next few years.
And by "inflation proofed" we have monetary premium fueled by the money printer...
Which has NEVER tanked before. Right?
Right?
Yup, this ponzi implosion, along with the almost global demographic cliff and (maybe) nation-state competition for citizens could get quite crazy
Without savings how do you come to own a home? Trade your future labor to a bank to acquire a mortgage? Inflation is not a problem because we have an option to become indebted to a bank? surely I'm misunderstanding something here.
“Please Walker, buy a door handle from my house, I need to go get inflation-proofed groceries.”
-The guy with all his wealth in his house.
😂
They’re relegated backwards to barter.
Yes, and when the elites of the world with enormous property portfolios realise what bitcoin is and start dropping said property portfolios onto the market, those with all savings in their property will be ruined by the crushing collapse in property prices.
Their only “saviour” will be the central banks trying to prevent retail bank mortgage portfolios from causing systemic bank failures, by pumping in even more money. We all know that it is not their saviour.
The hard thing is getting the message across to all my friends and family so they at least own some bitcoin before it happens.
