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Boris_Badenov
074f4dc05ce0080c4e1355f7b003217ca396176d01fc5e0d829ce118e709ec0b
just trying to reduce my digital footprint

It goes way back ......,

“And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? For the money faileth.”

Genesis 47:15, King James Version

#bitcoin

We all know how this works. As of May 2023, CPI was over 10% when using the 1990 formula, compared to 4% then currently reported CPI -- a 6 % spread. Source: shadowstats.com. (unfortunately, out of date)

Using that same spread, today, 2.4% plus 6 % equals 8.4% inflation. That is what your assets need to grow in order for you to just break even.

Government just announced 2.5 % increase in COL for Social Security. The fixed income for retirees is significantly eroding, given (hidden) inflation.

This goes a long way in explaining the growing wealth gap in USA. Doesnt really matter who is in charge, as long as the systemic government process is operative.

The Government has an incentive to inflate, that has always been the case with deficit financed fiat currencies.

#bitcoin #investing

Replying to Avatar Michael

oh wow, Tom Petty!

Good repository, ease of use, reliable updates, large community of users. I tried manjaro 《arch) which rocked, but rolling updates caused a lot of application compatibility problems.

The high yield index is obscene #investing

My take on #nostr is that it hasn't reached critical mass yet. Got a lot of work to do...

This may be a tell. Note the spike in insider selling.

#investing

Because the slimeballs never designed it for affordable healthcare -- it is a wealth transfer gimmick.

Good stuff, this nostr is. We just need to ramp it up a bit. Eventually will take over traditional social media, for sure.