Our fiat system runs on debt expansion because new money enters the system through borrowing
1. The government spends more than it collects in taxes
2. They borrow money by creating debt (IOUs)
3. That debt is sold as Treasury bonds
4. The government spends that borrowed money into the economy
5. Banks multiply the money through loans and credit expansion
6. We work for those dollars and get taxed on them
7. Banks, bondholders, and asset owners take their cut through interest, fees, and rising asset prices
8. Our government still owes more than it has, so it borrows again
The cycle starts over and never stops because it runs on expanding debt
You need to take your dollars and save it in something they can’t create endlessly,
Bitcoin
A mark of intelligence is knowing when you don’t have enough evidence to draw a conclusion. Being aware of what you don’t know is important and this explains why dumb people think they know everything