kevin_strom on Nostr: Why do parasites and their employees, like the Daft Muppet (LOL), love fiat ...
Why do parasites and their employees, like the Daft Muppet (LOL), love fiat currencies? Because of the characteristics you rightly criticize about fiat in the video:
1. It loses 90% of its value every few decades:
Well, that value doesn't just disappear. It is _stolen_: stolen from workers, from businessmen, from families, from widows and children depending on annuities or inheritances, etc., etc. And people like Soros, central bankers, and their government pals receive the stolen value -- and they, quite prudently, allow a bit of it to trickle down to their pet media liars and "academic" muppets.
2. It can be confiscated: Muppets and their muppetmasters truly love this part. It gives them yet another way to shut down and impoverish critics of the System that has so fantastically enriched them with stolen wealth.
3. Under the fiat system, people can be, and are, debanked: See reason two.
1. It loses 90% of its value every few decades:
Well, that value doesn't just disappear. It is _stolen_: stolen from workers, from businessmen, from families, from widows and children depending on annuities or inheritances, etc., etc. And people like Soros, central bankers, and their government pals receive the stolen value -- and they, quite prudently, allow a bit of it to trickle down to their pet media liars and "academic" muppets.
2. It can be confiscated: Muppets and their muppetmasters truly love this part. It gives them yet another way to shut down and impoverish critics of the System that has so fantastically enriched them with stolen wealth.
3. Under the fiat system, people can be, and are, debanked: See reason two.