So cute
I enjoy how the snow makes it quiet. It muffles sound like ceiling tiles
On of my favorite Internet sites is really, really old called despair.com and it is so full of Bitcoin/anit FIAT Gems on it. Here is one of their newest "2025 DEMOTIVATORS":
https://m.primal.net/NRQv.webp
As a former 35 year Corruptorate America cube slave, half as an FTE and half as a 'Consultant' this poster proudly hangs in my garage:
https://m.primal.net/NRRJ.webp
I spent 35 years in BI using a competing product to MicroStrategy. BI is all about the data, thus my effort to protect the Bitcoin Timechain from GIGO which is rampant in our society.
These are funny 😆
Rut row
It’s really good.
Very interesting new #AdultSwim show. #tvshow #shrooms
Common Side Effects
Merry Christmas 🎄🎁
This chart from the Federal Reserve Economic Data (FRED) shows the Consumer Price Index (CPI) from 1950 to 2024, with a base year of 1982-1984 set to 100. What's striking is the correlation between the U.S. going off the gold standard in 1971 and the subsequent rise in CPI.
- Pre-1971: The CPI was relatively stable, indicating low inflation rates.
- Post-1971: There's a noticeable increase in the CPI, suggesting higher inflation. This period marks when President Nixon ended the Bretton Woods system, which had pegged the U.S. dollar to gold.
- Gold Standard:When countries are on the gold standard, the supply of money is limited by gold reserves, which can stabilize prices.
- Fiat Currency:After 1971, the U.S. dollar became a fiat currency, meaning its value wasn't backed by gold but by government assurance. This shift allowed for more flexible monetary policy but also potentially led to higher inflation rates as seen in the chart.
The removal from the gold standard gave the U.S. more control over its monetary policy but at the cost of price stability. This chart visually represents how economic policies can have long-term effects on inflation.
#Economics #GoldStandard #Inflation #MonetaryPolicy
