BREAKING: Bitcoin’s selloff accelerates, dropping below $63,000 for the first time since February 24th.
Over $1.1 billion worth of levered crypto positions have been liquidated over the past 24 hours.
"Inflating Away the Debt" is the ultimate wealth transfer scam.
Governments rack up massive deficits, then quietly erode the real value of that debt through inflation.Who pays? Everyday people!
Your savings lose purchasing power, wages lag, and fixed-income folks get crushed.Who benefits? Politicians and connected insiders who spend first (before prices rise) and debtors holding nominal liabilities.
This isn't "monetary policy." It's a hidden tax on the 99%.
What are you doing to combat the loss in Buying Power?
#Inflation #Economics #DebtCrisis #PersonalFinance
@USTreasury@SecScottBessent@POTUS High inflation lowers the buying power of those dollars. You can increase the amount of money the working class receives but they still won't afford today's living cost.
The working class will earn more, afford less, and pay more in taxes... Not helping
@USTreasury@SecScottBessent@POTUS High inflation lowers the buying power of those dollars. You can increase the amount of money the working class receives but they still won't afford today's living cost.
The working class will earn more, afford less, and pay more in taxes... Not helping
@Budgetdog_ Set clear, achievable, goals is key.
Be the first to start the generational wealth! Don't continue to cycle of each generation starting from $0
Keep your life low maintenance if you want to build substantial wealth. Marry the low maintenance woman, drive the low maintenance car, live in the low maintenance property, live the low maintenance lifestyle. I’m telling you from experience.