One of the most sinister lies of the establishment, is that we should be afraid of economic disaster if everything was consistently getting more affordable.
ie. Natural deflation hurts the economy, thus the counterfeit class is “saving us.”
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Watching now. 😎👍
This is an excellent argument. The parallel to the tech industry really drives the point home in a way that is impossible to argue with while staying in the world of facts and reason.
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“Oh no my cost of living went down, that’s terrible! I wish someone would print money to dilute my purchasing power and make my life more difficult!” - said no-one ever.
I find talking about the madness of fiat to be a far stronger orangepill than talking about Bitcoin. When people join the fiat dots, they want out.
> I find talking about the madness of fiat to be a far stronger orangepill than talking about Bitcoin. When people join the fiat dots, they want out.
Have absolutely noticed the same.
Instead of tryna overtly orange pill I just drop facts here and there on fiat like "did you know 97% of all the money is created by commercial banks as debt?" and "if we all decided to stop borrowing money, liquidity would dry up fast, the Fed relies on private bankers creating as much debt as possible to inflate the supply of money backed by nothing."
My current favourite is just linking to 
and explaining that the growing divide between rich and poor is engineered by banks and they only have that power because they control where the new money they create goes.
Finally I empthasise that for most of human history, humans either traded directly or used a medium of exchange with intrinsic value. The advent of inflationary money backed by nothing and reliant on debt creation is a very recent invention, historically speaking, by Richard Nixon.
WTF Happened In 1971?
WTF Happened In 1971?
https://inflationdata.com/articles/2022/08/10/u-s-cumulative-inflation-since-1913/ "I don't believe we shall ever have a good money again befo...
These videos are excellent Guy. Thanks for sharing. Glad to be here on Nostr with such bright minds.
Also GDP is measuring the amount of transactions instead of the amount of tangible wealth people actually produce and possess
"Every Black Friday, we would see record low sales."
Great quote
“Fiat money is just slavery with extra steps…”
Damn.
It'd be pretty interesting to see a video about gold. Alotta gold bugs on here. They're way too bias, imo.