Short case study on #loss of purchasing power due to #inflation :

We moved into a nice 4-room rental apartment in 2001. At the time, we left a € 2,500 #deposit in a #savings account. Today, my 75-year-old owner agreed that we should withdraw the deposit and the measly €100 in #interest from the savings account and exchange it for #Bitcoin.

Said - done: today we made a deposit with my favorite broker nostr:nprofile1qqstm2x2kxg2kkf7v28tdwxjh2x3jwymxutmnc0kuj6q0tyjgr2ajngatnsxf BTC 0.0273524 for € 2,600. Let's see how long it will take us to make up for the 61% loss in purchasing power that has been stolen from us by inflation over the past 24 years.

According to https://portal.multiinvest.de/webutils/inflationsrechner/, the #purchasing power of the € 2,500 from 2001 has shrunk by -36% to € 1,594 in 2024 according to the official (nicely colored) #inflation rate of an average of 2% per year.

Since real inflation was at least 4% per year, the purchasing power of the € 2,500 from 2001 after 24 years is a maximum of € 975 (minus 61%).

oh thanks, the 42 sat zaps are already a good contribution for my $2500 Shitcoin-CryptoBall ticket :)

The Shitcoin Magazine has invited me to the Inaugural Crypto Ball, taking place at the Andrew W. Mellon Auditorium in Washington, D.C., on Friday, January 17, 2025, from 8:00 p.m. to midnight - an  evening of cocktails and hors d'oeuvres as we commemorate the 60th Presidential Inauguration, celebrating the dawn of a new era in American leadership with President-elect Donald J. Trump and Vice President-elect J.D. Vance.

They are excited to offer the exclusive opportunity to purchase tickets before they become available to the general public.

Tickets are $2,500 per person.

Sponsorships and VIP tickets start at $100,000.

Thanks for the „invitation“ but my wife has a lecture in Schruns (Vorarlberg, Austria).

@BitcoinMagazine

Neujahrsgedicht meines Neffen Theo (9 J) aus dem hintersten Seitental Südtirols:

…

#Bitcoin, ein digitaler Schatz, der viel verspricht

Steigt und fällt, ohne Bank und ohne Staat,

Wo er hinführt, weiß niemand grad.

Und Südtirol ein Mafiastaat, ja nein

Wir haben ja Hager und Co

Da läuft ja alles sowieso…

Liebe Plebs, wenn Euch das Gedicht gefällt, dann schubst dem kleinen Theo bitte ein paar 丰 sats rüber 🔥🔥🔥

daftdinghy67@walletofsatoshi.com

lnurl1dp68gurn8ghj7ampd3kx2ar0veekzar0wd5xjtnrdakj7tnhv4kxctttdehhwm30d3h82unvwqhkgctxw3jxjmn8dpunvdcdq4dw8

Ich hab auch 6 von 6 geschafft und darf mich als ausgewiesener Nadsi feiern lassen😎

To all psychopathic plebs >80 IQ +600 trillion a happy new year & only the best for 2025🔥🔥🔥

Reading BROKEN MONEY

by nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a I can't stop thinking about Cairo.

And then my daughter gives me the first edition of the art magazine „b!ba - bis bald Magazin“ for Christmas with this beautiful article about "HOW TO RIDE A MICROBUS IN CAIRO".

Resolution for 2025: I want to go there.

Who wants to make the list of the 10 best #Bitcoin movies of all time?

The #10BeBMOAT nostr:note1v2jvl4zv0e7wa94s9vtza6la85tygvk9dfdqvazmuyrn6ymm9seqj4u5ee

The #10BeFMOAT

#the10befmoat

What are the 10 best financial movies of all time

(short: The10BeFMOAT)

for long winter evenings?

Here is my suggestion:

1. Wall Street (1987)

2. Swimming with Sharks (1994)

3. American Psycho (2000)

4. Wall Street: Money Never Sleeps (2010)

5. Inside Job (2010)

6. Margin Call (2011)

7. Too Big to Fail (2011)

8. The Wolf of Wall Street (2013)

or The Wolf of Wall Street (1929 !)

9. The Big Short (2015)

10. The Bailout (2018)

Which movie is missing?

What are your top 3?

👇👇👇

Celebrating the €100k #bitcoin ATH with the song LIBERTY from Jordan Page :

youtu.be/Bitxwy6okn4?si…

When is the right time to stand up for freedom?

Could it be when you start to fear creating children?

Who'll inherit the pain and the debt of this nation

And be slaves to the banks who cause hyperinflation

Who are masters of commerce, lies, and bad legislation

Where will you be when the order is given?

To censor your mind as free speech is forbidden

Here the German version on Twitter/X:

https://x.com/derpeter21/status/1867789283601367506?s=46&t=HnNxk37xgqm_aIwui-kBiA

It's fascinating how this graph reflects the business performance of my small event agency in Innsbruck on a one-to-one basis:

founded in 2001 & built up

2005-08 good years

2008-10 total slump (economic & euro crisis)

2011-17 our best years (liquidity bubble)

2018-19 rather poor

2020-22 Covid shutdown

2022-24 weak (recession)

I've learned that our event business runs 6-12 months ahead of the economy, both in downturns and upswings.

Nevertheless, it always surprises me that we, as a small agency in the Tyrolean mountains, are experiencing the decline of German industry so closely and that we are so directly linked to the big stage of the global economy.

This almost cost my father our farm in the remotest South Tyrolean mountain farming village when he built stables in 1981, needed a small loan of 25 million lire (the equivalent of EUR 12,500) from the local bank and suddenly interest rates rose to 25% because in faraway New York the Fed had to defend the dollar against high inflation and Paul Volcker had to raise the key interest rate to over 20%.

How much damage has been caused worldwide by Keynesian economic policy and soft money central banks for decades.

How unfair that the poor countries on the periphery and the little people are always hit first and hardest.

Hope comes from the Austrian School & #bitcoin

You are a legend

To celebrate the historic day (BTC > $100k) a song:

ASK LIKE A CHILD (Epic #Bitcoin Opera)

https://youtu.be/pXGWHxJpe10?si=3-JOcApe9u6AhssB nostr:note1dwsle5let3869vqt4pm6crprww0g0wcj45ktwakxv57e7g7hg78qlnxgy6

THE CALM BEFORE THE STORM

is probably over for good with BTC > $100k.

Are you firmly in the saddle?

MENCIUS MOLDBUG · APRIL 21, 2011

If Bitcoin becomes the new global monetary system, one bitcoin purchased today (for 90 cents, last time I checked) will make you a very wealthy individual. You are essentially buying Manhattan for a quarter…

I think the probability of Bitcoin succeeding is very low. I would not put it at a million to one, though, so I recommend that you go out and buy a few bitcoins if you have the technical chops. My financial advice is not to buy more than ten, which should be F-U money if Bitcoin wins. Or, of course, you can invest in those alpaca socks.

https://www.unqualified-reservations.org/2011/04/on-monetary-restandardization/

Stacking sats is really fun at the moment. For € 100 you can get over 200k sats again, a quarter more than at Easter.