F.A. Hayek in 1984: “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”
First 15 minutes of the podcast “Why Bitcoin Makes The World Better – The Bitcoin Layer”- I think this is a great 15 minute video to learn about “why Bitcoin” if you aren’t sure what “problem Bitcoin is trying to solve”.
Full episode – Why Bitcoin Makes The World Better – The Bitcoin Layer
Inflation/money printing by the government is a hidden tax, or more nefariously, theft of your savings.
I received the below email from a coworker related to this home for sale.
I was walking the dog tonight and there are several new houses down the street. I looked up what they go for. There is a video of it on the page, it’s a just a house. Nothing huge, with some basement finished. – coworker
I shared the below picture with this coworker. If you are measuring the world in USD then things are getting more expensive. But if you are measuring in Bitcoin, things are getting cheaper, as Jeff Booth explains in the initial Youtube video I shared above.
Below is the rest of my reply to this coworker.
You could always try to put multiple families together in one house, as times will get desperate. That would be the historic solution. And as you said, as people are poorer, they will just have to do it again.
There are plenty of very poor both in the USA and abroad already living this way.
As referenced from the trip I just got back from India from.
Most of the world is ALREADY poor. The USA has benefited from being able to export inflation to the rest of the world for the last 50 years.
We do this by everyone having to buy USD to buy oil. Then every country has a huge pile of US treasuries/dollars. Then we print more.
Printing money is effectively stealing value from people who hold dollars.
That is why NO ONE ever wants to have cash for longer than they have to.
Don’t you think that’s kind of crazy that no one actually wants US dollars “money”?
We buy bonds, gold, real estate, stocks, anything to store the value because we know that dollars lose value over time. It’s wild!
It’s even more obvious in countries like Argentina or Turkey where they have REALLY awful money. But our money also sucks for preserving value over time.
It all started with 1971 and removing the gold backing of the USD. Well really that started in 1930 with executive order 6102 which the government confiscated people’s gold. Paid them $20.67/oz of gold. Then repriced the dollar to $35/oz! they literally stole $15 worth for every oz of gold they took. It is crazy!
$15 was real money back then!
So I’m just saying you are noticing the results, extremely high home prices. Things getting more expensive. I am telling you there is a clear history to how we got here. And there is literally 1 solution to this problem. Well 2 but 1 will never happen.
If the US government quit over spending and printing new dollars that would fix it. But that will NEVER happen.
So the alternate solution is to save in a currency that has a maximum limit, 21 million bitcoin.
If we DON’T support the bitcoin network we will continue down this path of everything getting more expensive.
I have read so many books about the history of money and governments messing with money. It always happens this way.
The Romans debased their money, see below.
See quote below.
I really encourage you to learn more about bitcoin. It is our only hope.
Super short book, 2 hours on audible, but it’s really great.
The Bullish Case for Bitcoin Paperback – May 8, 2021
by Vijay Boyapati (Author)
F.A. Hayek in 1984: “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”
MyWheelLife.com 