Simple_5ive on Nostr: FREE MONEY IS NEVER FREE Since 2020, almost all of us received some form of stimulus ...
FREE MONEY IS NEVER FREE
Since 2020, almost all of us received some form of stimulus checks from the government.
At first, almost everyone was so doped up on the idea of free money without thinking about the dangerous side effect.
Now, 2024, what you see is everything around you is being inflated in prices.... at least 15%- 25% increases. That is the unintended consequences of the FREE MONEY or specifically NEWLY PRINTED MONEY.
In order to have free money, the government or central banks will have to print more to issue it to the public.
At the same time, MORE MONEY floods into the market will DESTROY the value of the existing dollars sitting in the people saving accounts.
So then, you have to use MORE dollars to pay for the SAME amount of goods and services thru a form of "INFLATION".
Simple illustration:
An item in the Dollar store used to cost around $1, now it's $1.25 for a same exact item.
Lesson:
• Issue INFINITE amount of money > high prices on stuff > less goods and services > people become poorer
• Issue FINITE amount of money > low prices on stuff > more goods and services > people become wealthier
That solution is #Bitcoin
#Bitcoin has the fixed supply of 21 million coins only on the network.
>>>> Do not save in dollar <<<<
>> Save in FINITE MONEY #Bitcoin <<
Since 2020, almost all of us received some form of stimulus checks from the government.
At first, almost everyone was so doped up on the idea of free money without thinking about the dangerous side effect.
Now, 2024, what you see is everything around you is being inflated in prices.... at least 15%- 25% increases. That is the unintended consequences of the FREE MONEY or specifically NEWLY PRINTED MONEY.
In order to have free money, the government or central banks will have to print more to issue it to the public.
At the same time, MORE MONEY floods into the market will DESTROY the value of the existing dollars sitting in the people saving accounts.
So then, you have to use MORE dollars to pay for the SAME amount of goods and services thru a form of "INFLATION".
Simple illustration:
An item in the Dollar store used to cost around $1, now it's $1.25 for a same exact item.
Lesson:
• Issue INFINITE amount of money > high prices on stuff > less goods and services > people become poorer
• Issue FINITE amount of money > low prices on stuff > more goods and services > people become wealthier
That solution is #Bitcoin
#Bitcoin has the fixed supply of 21 million coins only on the network.
>>>> Do not save in dollar <<<<
>> Save in FINITE MONEY #Bitcoin <<