The US dollar has lost 90% of its value since 1950, but banks get trillions in bailouts when they fail while charging you $35 for going $1 overdraft. #MightWantToReevaluateIf this corrupt financial system is sustainable.
Fight back with honest money like Bitcoin. Whenever in the history of money a country goes off the gold standard it becomes irresistible to just keep the printers pumping out more and more money. In modern times, money is always issued along with debt in the same amounts. It always ends the same, Venezuela, Zimbabwe, Germany in the 1920’s. The currency eventually becomes worthless.
But it can go on for a long time before that happens. The US dollar has already lost 97% of it’s value over 50 years, so there isn’t much left to lose. The big story of this decade will be the collapse of fiat currencies. I believe one way we can all use gold and silver again is gold and silver backed block chain. Lots of companies in the works with it.
The sad thing about Venezuela is when their currency lost it’s value they had nothing to fall back on, no one owned any gold or silver, so now they just have to barter or steal. I hear you can buy 6 months of food for ONE OUNCE OF SILVER in Venezuela. The way it would go is like it went in Venezuela. Take a close look at the result. Starvation, empty stores, No jobs, business at a standstill, roads crowded with banditos. It’s not a pretty sight. And the only way to get the economy started again is with an intrinsically valuable currency.
And in Venezuela almost no one has gold or silver. How about the US? Do ANY of you have gold or silver? Probably one in 100 Americans has any. It will go just the same way, mad max TO THE MAX!
Debt grows faster than the increased GDP which is supposed to service the debt. The Faster America “Grows”, The Faster America Goes Bust. As of October 1st of 2007 (the start of the 2008 Federal Government fiscal year), federal debt stood at $9 trillion and 70 billion. In the subsequent ten years and five months, the US federal debt has grown $11 trillion and 805 billion and now stands at $20 trillion and 875 billion (chart below).
Over the same period, US GDP grew $5 trillion and 169 billion. Simply put, for every $1 of new federal debt undertaken, the US achieved $0.44 cents of economic activity or “growth”. It is like they know there is no tomorrow so why not blow it out like mad.
The Problems with Our Current Financial System
It’s time we reevaluate this corrupt system and consider alternatives, like Bitcoin and blockchain technology, that could lead to a more honest, prosperous, and equitable future.
How Bitcoin Provides Solutions
Bitcoin fixes this by having a fixed supply that can’t be manipulated. Transactions occur peer-to-peer without centralized control. Everyone plays by the same rules.
By saving in Bitcoin, we can opt out of the fraud perpetrated on the public by central bankers and their politician accomplices. We can store the fruits of our labor in a form of money that can’t be debased or confiscated on a whim.
Cryptocurrencies like Bitcoin enable peer-to-peer finance and decentralized applications that aren’t controlled by any third party. The blockchain allows uncensorable, tamper-proof record keeping and transactions. New solutions like DeFi are providing banking services without reliance on exploitative middlemen.
Embracing A New Financial System
The transition to honest money and finance won’t be easy, but it is necessary if we want to break free from manipulation and build a freer society. The path forward starts with each of us learning about and using Bitcoin.
Spread the word! It’s time to reevaluate the corrupt status quo. #MightWantToReevaluateIf we continue accepting financial fraud while better alternatives exist. The future is decentralized.
Deeply rooted in the chaos of nature through the principles of mathematics, thermodynamics, and Darwinian self-preservation—Bitcoin is the greatest expression of order ever achieved by humanity.
My hope is that Bitcoin will help entrepreneurs regain their economic antifragility by giving them the ability to store savings in a plunder-proof money, and discouraging undue debt accumulation. Maximally sovereign, problem-solving-entrepreneurs, fortified by sound savings, are our best fighting force against eternal entropy. Let liberty, not legislators, lead us.
Bitcoin is a free market innovation paradoxically imposing a free market paradigm on the world. A leaderless civilization is, for the first time, possible with Bitcoin. As a means of preserving wealth through political sea-changes by perfecting our private property rights in money, Bitcoin gives the world great hope for renewing virtuosity. Perfected private property rights are prerequisite to the proper placement of freedom, growth, and responsibility in our social hierarchy of values. My hope is that Bitcoin will help civilization permanently emblazon entrepreneurship and virtue-seeking as its highest values, as was true for some ancient Roman Stoics. There are no final answers to the world’s unlimited problems: our only hope is to empower more and more problem-solvers. Entrepreneurship is problematic to problems, and therefore our greatest hope. To this end, Bitcoin is money purpose-built for entrepreneurial accountability, adventurousness, and (mental and financial) enrichment.
A money uniquely characterized by a firmly fixed finitude of supply, Bitcoin is capable of communicating an infinity of economic and interpersonal values without being politicized, thereby bringing an unprecedented harmony to human action across spacetime. In Bitcoin, only our ideas matter, not our egos. Although entropic sailing is never smooth, a money composed by principles of pure justice pushes us all to become more competent by facilitating an equitable arena for economic competition and cooperation. Removing the attack surface for would-be-plunderers of money is a great leap forward for the potential proliferation and moralization of civilization. Bitcoin imparts a renewed hope for humanity as we navigate ever-deeper into the impenetrable horizons of the future.
Hope is the wind sweeping us all across the endless spatiotemporal seas. Navigation by strong values, and seeking their instantiation in our characters as virtue, is the only way we can advance ourselves and our civilization. Seen this way, Bitcoin is a battle ground to restore freedom, truth, and virtue in the world. In this global campaign for liberty, our strategy is simple: hold our savings in the hardest money in history to reconstitute hope for the billions of sorrowful souls worldwide, and all the generations yet to come into being. Where our money goes, our minds naturally follow, leading each of us down paths we find uniquely meaningful and relevant: hopefully into our own entrepreneurial pursuits to profitably satisfy the wants of our fellow human beings. Through Bitcoin, we can rediscover the value of unencumbered entrepreneurship—the idyllic principle underlying Western Civilization.
Saving in honest money takes the intellectual, political, and philosophical wind out of the sails of dishonest money, letting us right the “socioeconomic ship” once and for all. In its ascent, Bitcoin promises to decapitalize the overly complex (by design) monetary, legal, and tax authorities encumbering entrepreneurial skill-building expeditions today. By defraying frictions to free trade, Bitcoin gives the world hope for a future characterized by true freedom.
Hope is the wind which moves us forward. Fiat currency is a false tempest: a destructive windstorm tragically affecting our civilization. By saving in Bitcoin we raise our sails steadfastly as entrepreneurs racing toward sunnier skies.
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