morpheus on Nostr: Canada keeps debasing its currency. At a M2 Money Supply CAGR of 8.08% since 1973 ...
Canada keeps debasing its currency.
At a M2 Money Supply CAGR of 8.08% since 1973 (when I was born) the cost of groceries, rent, real estate ... aka "life" ... doubles every 9 years or so.
The majority doesn't understand this and gets frustrated at how difficult it is to save and "get ahead".
Some try to out pace this debasement by "investing" and/or earning "yield".
Beating 8% debasement a year without leverage is tough. But if you don't beat it your purchasing power falls behind every-single-year-without-fail.
Most have forgotten what real money is ... so when Bitcoin is staring at them as a solution to this debasement they call it a "fraud" or "lacking yield" or "not physical so it can't be trusted".
Real money has characteristics that make it so. It's durable, divisible, portable, scarce, verifiable, secure etc. It doesn't have "yield".
You earn yield with risk. Earning and then saving good money shouldn't earn yield ... but it should increase your purchasing power over time.
Because we haven't had real money in generations (we currently use credit/debt as our currency) most people don't see Bitcoin for what it is: the best savings technology we've ever seen.
If you're one of the few that do ... pleasure to meet you.
The next few years are going to be fun.
We don't know how much Canada will debase in 2025 but we know the direction ... HIGHER! CAD is in dumpster fire mode.
At a M2 Money Supply CAGR of 8.08% since 1973 (when I was born) the cost of groceries, rent, real estate ... aka "life" ... doubles every 9 years or so.
The majority doesn't understand this and gets frustrated at how difficult it is to save and "get ahead".
Some try to out pace this debasement by "investing" and/or earning "yield".
Beating 8% debasement a year without leverage is tough. But if you don't beat it your purchasing power falls behind every-single-year-without-fail.
Most have forgotten what real money is ... so when Bitcoin is staring at them as a solution to this debasement they call it a "fraud" or "lacking yield" or "not physical so it can't be trusted".
Real money has characteristics that make it so. It's durable, divisible, portable, scarce, verifiable, secure etc. It doesn't have "yield".
You earn yield with risk. Earning and then saving good money shouldn't earn yield ... but it should increase your purchasing power over time.
Because we haven't had real money in generations (we currently use credit/debt as our currency) most people don't see Bitcoin for what it is: the best savings technology we've ever seen.
If you're one of the few that do ... pleasure to meet you.
The next few years are going to be fun.
We don't know how much Canada will debase in 2025 but we know the direction ... HIGHER! CAD is in dumpster fire mode.