Try this experiment: ask your family, friends and acquaintances to explain the following concepts:
quantitative easing
fractional reserve banking
monetary multipliers
the Cantillon effect
fiat currency
money velocity
objective properties of sound money
Guaranteed, over 99% of them will be at a loss for words.
Yet, our entire lives and society quite literally depend on them.
It is deeply disturbing that we have no grasp whatsoever of the machinery we sustain.
Oh, by the way, If you still donโt own #Bitcoin โฆ congratulations!
Youโre sticking with endless debt spirals, centralized monetary control, market manipulation, accountability vacuums, short-term mindsets, currency devaluation, financial repression, underfunded pensions, taxpayer-funded bailouts, fractional reserve banking, quantitative easing, reckless spending, and interest rate tamperingโall as if these are the โsafeโ choices.
Meanwhile, nation-states themselves are beginning to view Bitcoin as their escape plan.
Youโre betting on the very system theyโre trying to hedge against.
Bold move.
Enjoy the comfort of the boiling water.