@macrojack21 Guess what happens when an exponentially unstoppable force (technology) hits an immovable object (fiat)
They’re going to print like crazy to maintain inflation
Meanwhile, incoming Fed Chair Kevin Warsh wants to change the Fed's primary inflation gauge from Core PCE (currently 3.20%, excluding food/energy, LOL) to Trimmed Mean PCE (2.36%, excluding extreme monthly price swings, LOLOL).
The money is fake. They print it from nothing. The metrics they use to measure the decreasing value of the money are also fake.
They are stealing from you through monetary inflation, and they are lying to you about it.
They speak in passive tones about the "cost of living" going up, as though it happens by magic.
They tell you "2% inflation" is their target, yet they constantly change the gauge by which they measure price inflation.
But even the 2% target is an arbitrary number. Central banks around the world adopted it from the Central Bank of New Zealand, who made it up in the 1990s. The Federal Reserve didn't formally adopt it until 2012 under Bernanke.
"2% inflation" has no basis in any sort of economic reality, but it is the perfect amount to steal from the populace each and every year without them noticing the loss of purchasing power on a short time horizon. On a longer time horizon, it is quite obvious, but the damage is already done.
Central banks around the world explicitly target 2% theft of your purchasing power per year. Everything gets a little more expensive year after year after year. Sometimes things get a lot more expensive. Then the central banks just change the gauge by which they measure the theft and carry on as if nothing happened.
But everything should be getting cheaper every single year, not more expensive. Technology is naturally deflationary. The natural state of the free market is deflation, not inflation (@JeffBooth).
Once you understand this, you realize just how bad the theft truly is... They are not just stealing the +2% above zero inflation, they are stealing the multiple percentage points of deflation as well. They are stealing the gain of purchasing power you should realize every single year, and leaving you with a loss in purchasing power.
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Every government / central bank in the world must continue to debase their currency, or the entire house of cards will come tumbling down.
There is only one absolutely finite asset in the world that can protect you from the theft of fiat monetary debasement.
Study Bitcoin.
Everyone complains about prices going up.
Almost nobody notices quality collapsing in real time.
Go buy furniture. Cheap compressed wood garbage that barely survives one move.
Go buy clothes. Thin fabric designed to fall apart after a few washes.
Go eat at restaurants. Smaller portions, cheaper ingredients, higher prices.
Go buy appliances. “Smart” junk packed with planned obsolescence that dies in 3 years.
Go to hospitals. Burned out staff, rushed care, assembly-line medicine.
Go online. AI slop everywhere pretending to be expertise.
Go buy a new house. Paper-thin walls, cosmetic luxury, corner-cut construction.
This is the hidden tax nobody talks about:
You now have to pay premium prices just to get what used to be considered normal quality.
The currency was debased.
Then the products were debased.
Then the standards were debased.
Now people themselves are being trained to accept less and call it normal.
A civilization does not collapse all at once.
First, everything slowly becomes fake, fragile, rushed, and disposable.
Escape ⚡️
@bowtiedstocks Go back 100 years
Adjusted for monetary inflation (not bullshit CPI) top tax bracket was $2m+ taxed at 25%
We are trending towards socialism