Gem No51 - Central banks manipilate the money supply and interest rate
"Only when a central bank manipulates the money supply and interest rate does it become possible for large-scale failures across entire sectors of the economy to happen at the same time, causing waves.."
1/3
@PlateLicker_21m Trying to convince someone with words is hard but let's remember to treat everyone with respect. They will get it one way or another.
https://t.co/YCcZh3PbYl
Gem No81 - Last gem from @knutsvanholm's book – “#Bitcoin: Everything divided by 21 million”
"We can’t expect everyone to grasp all the implications of what’s coming. We have to remember to treat other people kindly, with respect."
"Be kind to them, try to educate them"
Book – “The Price of Tomorrow” by @JeffBooth
Excerpt from “How the Economy works, Part 1: Printing Money"
I highly suggest you read the whole book if you want to understand Bitcoin better!
Gem No86 - Real Estate and Stocks are beneficiaries of money printing
"If we’re being honest with ourselves, much of the wealth and privilege that we enjoy is not from our ingenuity or hard work, but because the governments of the world decided to print money."
1/
"Our assets, including real estate and stocks, were the beneficiaries, having run up in value far beyond what they would have been without the printing. Meanwhile, those without assets find themselves on a treadmill that is moving ever faster—and unable to keep up."
2/
Book – “The Price of Tomorrow” by @JeffBooth
Excerpt from “How the economy works, Part I: Printing money”
I highly suggest you read the whole book if you want to understand Bitcoin better!
4/4
Gem No85 - What is Quantitative Easing?
"Quantitative easing refers to the act of injecting liquidity into an economy by a central bank. In order to inject liquidity, new dollars need to be created and they need to be delivered into the economy."
1/4
@MAKS_Diogenes@FiatisF00lsgold Last week, a person I know who owns a whole Bitcoin asked me to explain once again what the halving is because he wasn't quite sure. Its incredible how many individuals had or still have significant amounts of Bitcoin but are "blind" to what Bitcoin really is. Read books folks!
@mitchellaskew Inflation will hurt those who don't know about it or don't take appropriate measures against it. Its sad but true.
https://t.co/Af4dZYBpBF
Gem No83 - Asset price inflation is tricky
"asset price inflation can make individuals, companies, and even countries feel much better off than they are"
"We fool ourselves into believing that assets, such as stocks or housing, always go up over the long term..."
1/4
Gem No83 - Asset price inflation is tricky
"asset price inflation can make individuals, companies, and even countries feel much better off than they are"
"We fool ourselves into believing that assets, such as stocks or housing, always go up over the long term..."
1/4
Gem No83 - Asset price inflation is tricky
"asset price inflation can make individuals, companies, and even countries feel much better off than they are"
"We fool ourselves into believing that assets, such as stocks or housing, always go up over the long term..."
1/4
@riekert_billy@crisreed The other day, a person who owns a whole bitcoin asked me to explain to him once again what the halving is because he wasn't quite sure. Don't assume that everyone who holds Bitcoin, even significant amounts, knows what they are doing! Unbelievable but true, I swear.