Greed can be an ugly thing. Let’s face it, having more money can solve “some” problems in your life. But the main principle of #bitcoin, or at least the way I see it.. Is to fight back against government monetary policy which is enslaving you to work until you die.
@rajatsoni It’s that’s or pay rent. Either way you’re paying. Mortgage is still better than renting in this current economic climate. Especially if you’re conservatively leveraging your equity position and buying bitcoin on the side. #btc
Fix the money fix the world. #bitcoin
We are pressured to go to school, get good grades, go to university, accumulate student debt become a good little worker bee, only to be enslaved by a mortgage for the rest of your life, and if you don’t you’re a failure.
There’s no abundance because the system robs the middle, and lower class through inflation and funnels straight back to the wealthy who have assets.
People can’t afford homes because they are so inflated from what’s mentioned above, and the actual fact that banks can lend more money than they have in reserves.
Families are struggling to put food on the table because of their incomes can’t keep up with the price of goods.
Wars are enabled and funded through expansion of the monetary supply only to further fuel the greed of the elite.
The key to a sustainable world is a fair monetary system where anyone can store their hard earned savings in and not have it stolen through them through inflation.
“The Matrix” is by definition a Ponzi scheme that we’ve all forced to participate in until the invention of #bitcoin
The race is on, and it’s by no coincidence that nation states are all announcing the launches of all these international ETF’s.
If you’re reading this. I think you’ve made it.
@LostHongshan@wagieeacc When you consider more than 800 trillion of assets in the world, how does the world need to systematically fail in order for this to be true. Not saying 1M is correct either, but it’s not impossible.
@LayahHeilpern Get in the gym or get moving, get outside and get amongst some vitamin D, read/listen to some motivational content. The natural remedies supersede any form of medication. The twitter guys that preach this stuff aren’t lying. 😊
The Charmed Life of a Baby Boomer Named James:
James was born in 1946 during a time of peace, shortly after the most deadly war in history. He begins work in 1962 at age 16, he is paid the minimum wage of $1.15 ($11.55 in today's dollars).
The minimum wage is $7.25 today.
James gladly contributes a portion of his paycheck to the Social Security fund, which will surely be there to support him when he reaches retirement age in 2012.
At age 18, he decides that he wants to go to college. No problem! The average tuition for public school is only $243 per year ($2,334 in today's dollars). He can easily work a summer job and pay his way though school. No need to take a student loan!
The average annual cost of public school tuition is $10,423 today.
In 1965, a new scheme called Medicare is invented. Not only can James rely on Social Security to support his retirement, he can now also expect affordable healthcare in his old age. America rocks!
James finishes college, debt free in 1966. Time to settle down and buy a house! The median price of houses sold in 1966 is only $21,400($196K in today's dollars), which was 2.9X the median household income at the time. James has no problem buying a house at these prices relative to his household income.
The median cost of houses sold today is $437K today, which is 4.9X the median household income.
James is now in his prime working years. He is paying into his retirement through Social Security where he fully expects to get back the fruits of his labor when he retires in 2012. James is also very prudent financially. He invests a portion of his paycheck into the stock market each month.
In 1978, this new thing called a 401k was invented, and in 1998 the Roth IRA. These are great tools that allow James to significantly grow his retirement portfolio, which consists mostly of stocks.
Then in 2008 the game seemed like it was all over. A financial crisis hit. Stocks(James' retirement portfolio) crashed. The crisis happened only 4 years before James would reach retirement age of 66 in 2012. The timing could not be worse for a person like James. It seems that Social Security and Medicare were unsustainable, and caused the US to go into too much debt. Now there is nobody left to buy US bonds!
What does the Baby Boomer generation do to keep the party going? Enter Quantitative Easing(QE)!
From 2008 to 2022, a QE fueled stock rally saw James' retirement portfolio skyrocket 600%! "Wahoo!" said James as he entered into a comfortable retirement thanks to his monthly Social Security check, affordable healthcare, and a fat equities portfolio. To top it all off, the price of James' house appreciated 20X from when he bought it in 1966.
James entered retirement, leaving the country with a Debt/GDP ratio at 120%, and grandkids that can't afford to buy a house. James is adamant that the younger generation is terribly misguided with the whole #Bitcoin thing.