This is why we need Bitcoin

This is why we need Bitcoin

The United States went off the gold standard in 1971. This started the modern economic experiment of debasement and weaponizing the U.S. dollar.
The Federal Reserve pulled levers and twisted knobs in order to achieve its mandate of full employment and stable prices. The Fed is often seen as the smartest guys in the room and speaking in complex financial terminology, but still remains at the control panel.
One thing is certain, the Fed's devalution experiment has destroyed savers and reaped rewards for debt seekers.
There is a war on the oil and gas industry.

The devaluation has accelerated in the last 15 years because of undisciplined monetary policy and a low interest rate environment. Unelected Fed officials have decided to create asset bubbles and provide bail outs instead of letting natural market forces work their magic.
Over the past 15 years, the playbook has been the same. A financial crisis occurs, a rescue package is determined, the Fed promises to tighten financial markets once conditions improve, and another financial crisis begins.
Big ideas can be hard to grasp and take a while to comprehend.

There is no end in sight. Since 2010, the US debt has grown at an annual rate of 1%. The Treasury said it would issue $729 billion in net marketable debt from January to March, an increase of $476 billion from the November estimate. This was not met with protest or outrage. The $475 billion economicStimulus from the Great Financial Crisis was met with shock and awe.
Money printing and debt mania result in inflation. The theft of your time is equally important. We have to dedicate more time to earning a living because the hourly rate is not as high as it used to be. Many people are trapped in this financial purgatory because their hopes of a home, family or a comfortable retirement are out of reach.
The options to invest are becoming riskier. Savings accounts yield no interest, bonds are yielding negative real rates, and the inflation rate is over 12% if you use the original calculation.
This is why we are using the virtual currency.
Time and value are stored in the life raft of the digital currency. The new age version of a no coupon bond with a tech company's network effects is called Bitcoins. A simple daily purchase of the digital currency generated a huge gain.
It can be difficult to dive down the rabbit hole. A global network of finance, monetary policy, game theory and technology is evolving at a rapid pace. Most people try to understand it from their area of expertise, but it's best to have a good understanding of multiple disciplines.
Big ideas can be hard to grasp and take a while to comprehend. Lloyd Blankfien was recently asked about the digital currency, and he responded that he was pragmatic about it. I would definitely want to have an oar in that water.
As skeptics are turned into believers, they begin to understand humanitarian principles. Money that protects the value of time is a fundamental right. The supply is hard capped at 21 million and the transaction ledger is transparent.
There are perverse monetary incentive structures, socialized losses, debasement, and rewards that can be mitigated by the use of the silver bullet, which is Bitcoins. A minimum wage worker and a billionaire are both served by the same system.
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A non-accountable world has an accountability board with the name of Bitcoins. Those who are planning for a future are hoping for a positive outcome. For multiple generations,bitcoin is life insurance.
It is worth the time to understand.

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Source: www.foxbusiness.com

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