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Some say I’ve done some stuff

I am going to have to disagree. I know that it is not perfect for the various habitats oR animal populations out there but this is one of the only ways to help stop human trafficking. Specifically child trafficking.

Replying to Avatar Dylan LeClair

You'll often see charts or visuals illustrating the depreciation of the $USD over time, normalized to $1.00, of which I occasionally share myself.

However, there's an important caveat: these visuals rarely account for short-term yields. Displayed below is the purchasing power of $1, adjusting for annual CPI inflation (in red) versus the purchasing power of $1 accounting for 1-year Treasury yields less annual CPI inflation (in blue), starting from 1962

Notice anything?

The purchasing power of $1 from 1962 to the present equates to $1.85 when accounting for 1-year Treasury yields and inflation. Meanwhile, adjusting for inflation alone leaves you with just $0.10 of purchasing power.

Quite the massive difference.

However, there's more nuance to consider:

1) Let's separate the data into distinct eras,

From 1962 to start of 2009:

- Average annual inflation: 4.40%

- Average 1y yields: 6.22%

- Average difference: +1.82%

Real gains in purchasing power.

From 2009 to Present:

- Average annual inflation: 2.34%

- Average 1y yields: 1.00%

- Average difference: -1.34%

Real losses in purchasing power.

2) The data doesn't include the 1940s where financial repression massively devalued the USD to erode real debt burdens (the data I quickly threw together only went back to 1962) in the post war period.

3) Why 2009 for the change in eras? What has changed? If the U.S. can just pay a nominally higher yield than the inflation rate in perpetuity, are the fiat doomers really just delusional?

In my view:

- Positive real yields can be sustained with a clean balance sheet. It's feasible for the government to pay creditors a positive real interest rate when real debt burdens are low, demographics are booming, and the global GDP is exploding as the world industrializes.

- With Debt to GDP meaningfully > 100% and other tailwinds reversing, this is no longer the case. Post GFC and the introduction of ZIRP + QE to facilitate "growth", has the positive real yield era behind us, at least until real debt burdens have been eroded - which will take either explosive real growth, or a steady dose of inflation above yields, debasing creditors in the process.

The Bottom Line: The reality is that the average/median American individual or family often doesn't have much disposable income to capture such yields. The ones that do, benefit; and the ones that don't are the ones that pay for it.

When you look at charts showing record wealth disparity, or are wondering why the political landscape is more polarized than ever, keep this chart in mind.

Fiat inflation didn't bother the investor class from for forty years as yields outpaced inflation. Currency devaluation wasn't felt in the slightest by this cohort, they didn't just escape the devaluation, but outpaced it significantly.

Now, with Debt to GDP levels domestically and globally near record levels, expect the post 2009 dynamic to continue into the future on a longer time frame. Don't let the current tightening cycle fool you as to what must occur.

Inflation > Yields, over a sustained period of time, is the only way global governments can mask their insolvency.

Thanks for coming to my Ted Talk.

Nioce mate! Enjoyed the read

Nasty Girl shit. I disagree with a lot of big government but sometimes I enjoy working for ‘em.

GN nostr 🫂💜. Have a killer weak everyone!

#plebchain #grownostr #WeekendShenanigans https://video.nostr.build/00dca142a8a567cdf4c2076266267019407a7634b6007353f6f447cdf9f2b5da.mov https://video.nostr.build/fae1012982f0460761847e586394f3858a48ed3ca7ecfb0bab990623163addbf.mov

Got it. Do the cons outweigh the positives or put Bitcoin at risk? Honest question, don’t get hasty on me.

Why is nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 so dead set on drivechains ? Am I missing something or is this just another way to shill to VCs

#asknostr

What a beautiful day. Here’s to the next 🤙. Gn nostr 💜🫂

#plebchain #grownostr

Anyone got any recommendations for under the sink water filters? #asknostr

Home for the night 🏕️

#campstr #plebchain #grownostr

Proof of walk. 📽️

#plebchain #grownostr #proofofwalk

Let the weekend fun begin 🤙

#plebchain #grownostr