Trailer park boys enjoyer on Nostr: Bruh 98% of the value that my grandma's father crystallized into a policy for her ...

Bruh 98% of the value that my grandma's father crystallized into a policy for her when she was a little child has been robbed. Not by the insurers, who often have to deal with this frustration and anger, but by debasement perpetrated by central banks and government deficit spending.

Back when the policy was taken out by her father he could have bought about 2 ounces of gold instead. Since the policy is not adjusted for the theft that we call inflation the value that is in the policy now only buys 0.04 ounces.