kobiduran on Nostr: Fiat is designed (purposefully or not) to collect into the hands of the wealthy few. ...

Fiat is designed (purposefully or not) to collect into the hands of the wealthy few. In order to hide this critical flaw, more must be created for the "have nots" to play/work with; all the while, "prices rise" everywhere they look at an accelerating rate.

The value of goods and services is not going up, the value of the state-issued paper is going down. If they stop printing, everything breaks. If they keep printing, hyperinflation, then everything breaks.

The banks collapsing are just birth pangs of a new system rising to fix the grave errors this Keynesian abomination created. It's not a matter of if, but when.

But Bitcoin...