For most of my life, I’ve worked with businesses and nonprofits trying to make the world better. I’m a mechanical engineer by trade. I like building things that work. But the more I’ve worked across systems, the more I’ve realized something deeply broken sits at the root of almost every failure: fiat money.
A Friend, a Business, and a Broken Economy
A few years ago, a friend of mine was helping advise a small, sustainable clothing business in Sri Lanka. They used natural dyes and traditional techniques to create jobs for locals—especially for people who often couldn’t access the formal economy. It was working. Until it wasn’t.
The Sri Lankan currency collapsed during a financial crisis. Inflation soared. Imports became unaffordable. And the business, despite doing everything right, failed—not because of bad management or a poor product, but because the foundation it was built on—its currency—was rotten.
This is what fiat does. It breaks systems from the bottom up. And it leaves regular people holding the bag.
How Fiat Hollowed Out America
We often think of developing countries suffering from bad money, but the same decay has hit the United States. The post-WWII American economy was built on sound money and a manufacturing base that rewarded long-term planning and production.
That changed in 1971, when Nixon took the U.S. off the gold standard. With no monetary anchor, we entered the era of fiat—the era of cheap credit, endless deficits, and quarterly capitalism. Easy money made it easier to offshore jobs , because capital flowed wherever short-term profits looked best. Domestic manufacturing collapsed (such as in Janesville, Wisconsin). Towns hollowed out. Entire regions like the Midwest were gutted for the sake of Wall Street’s earnings calls.
Short-termism infected everything:
- Companies spent more on stock buybacks than R&D or wages
- Governments ran up debt with no repayment plan
- Individuals chased consumption over savings, just to stay ahead of inflation
Economic Hitmen and Empires of Debt
In Confessions of an Economic Hitman, John Perkins explains how U.S. institutions loaned billions to developing nations for infrastructure that looked good on paper but benefited U.S. contractors more than locals. When those countries couldn’t repay, they were forced into austerity, resource sell-offs, and geopolitical obedience. Debt became a weapon.
Today, China is doing the same through its Belt and Road Initiative. In Sri Lanka, China took control of the Hambantota Port on a 99-year lease when the country couldn’t pay its debts. In Greece, China’s COSCO controls the Port of Piraeus. In Australia, they secured a 99-year lease on the Port of Darwin, now under review due to national security concerns.
This isn’t charity. It’s colonialism with spreadsheets.
Fiat Money Rewards the Few, Punishes the Many
Every time a central bank prints new money, it steals from savers and wage earners. Those who hold fiat see their purchasing power decay. This is especially cruel during periods of inflation, like the 8% spike in the U.S. in recent years.
Bitcoin fixes this.
- It has a fixed supply: 21 million coins, ever.
- It can’t be printed or manipulated by any government.
- It rewards saving, planning, and long-term thinking.
It flips the fiat incentives:
- Instead of spending now, you’re rewarded for holding.
- Instead of inflation eating your wealth, deflation preserves it.
- Instead of trusting a corrupt institution, you trust code and math.
Why I Share Bitcoin With Others
I’ve read the books. I’ve seen the failures. I’ve lived through broken systems and watched people I care about suffer—not from laziness or ignorance, but because the monetary foundation was cracked.
Bitcoin is the best alternative I’ve found to a rigged, decaying system. It’s not just about investment. It’s about dignity. Agency. Fairness. It’s about building something that can last.
This is why I support Bitcoin. And this is why I speak up.
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