Thanks to human ingenuity and progress, life was meant to become increasingly affordable over time.
Government fiat currency is literally designed to obscure this phenomenon and consistently leech productivity and purchasing power gains from its citizens via inflation (monetary debasement).
As it turns out, #Bitcoin fixes this.
And #Bitcoin will help usher in the next age of human flourishing.
Dr. Jeff I’d be really interested to get your take on a post I made yesterday:
Are there any investment strategists or economists here that could weigh in or provide some insight about how Bitcoin will figure into the days ahead when we finally “hit the wall” with the American dollar and the west is thrust into The Great Depression 2.0?
Is it the hope among most Bitcoiners, as it is with me, that Bitcoin will have achieved sufficient adoption by then that, aside from the dollar denominated value of Bitcoin going to the moon, that we will be also able to purchase the essentials with Sats, when every bank and most grocery stores close their doors? When unemployment hits 80-90%? Or is it most Bitcoiners’ hope that they’ll have peeled off enough profit by then to invest in an off grid place that they won’t miss a beat when it all goes to hell? What about those who only made it part way to self sufficiency?
2030 is going to be here before we know it. And I’d say the fed only has one big round of printing left in them before some portion of the national debt needs to be written off, much to the chagrin of anyone who has been foolish enough to invest in US debt in the past handful of years or leave all of their wealth in a bank. There’s going to be an entire generation of workers that see their entire life savings and their pensions evaporate overnight. Thousands will starve.
What will Bitcoiners who haven’t yet managed to achieve their dream of owning a homestead or achieving a good measure of energy and food security be doing to cope when it all comes apart?
I’ve been thinking about this a lot as I continue to prepare for what’s coming. (And trying to do so on just what’s left after the bills are all paid up and the fridge is full).
One of the biggest catch 22’s is that for most people, moving from where they are now onto some land and building up a homestead will almost invariably involve taking on more debt. What’s going to happen to the payments on that debt when interest rates hit 25-30%? What’s going to happen to the payments on that debt when every employer closes their doors for 3-5 years and people lose their source of income? So do we just load up on ammo and wait for the goons to show up?
With my kids just reaching young adulthood, I shudder to think about how they will make it when I am gone. I’d love to hear some people’s thoughts.
I don’t dwell. I enjoy my life and my days with my family and friends, but I’m prepping my ass off with what resources I have. And there are hard days ahead. History has borne this out repeatedly.
and businesses were supposed to get better, not worse. the natural clearing mechanism has been neutered away.
meanwhile many people live in fear of taking risk in the fiat system. where failure often means unthinkable consequences. failure in Bitcoin means something totally different, the risk profile isn't even in the same ball park.
Airlines being a good example.
I’m ready for more winning
since 1913, our $100 of purchasing power has become $2 instead of $5000.
