After a couple of years of studying Bitcoin and the U.S. dollar that I was raised to trust like it was some faceless god, I eventually started valuing everything in Bitcoin’s satoshis instead of the U.S. dollar.
The biggest reason wasn’t because of Bitcoin either. It was the U.S. dollar’s system that did it to me. Once I learned what the system was and how it functioned, I could no longer value anything in dollars after realizing how fast they were exponentially losing value.A Dollar’s Worth (Source: Visual Capitalist)
The U.S. dollar is a system that is burning up its own value with every new dollar that is digitally issued and shoved into the bank accounts of the top 1% of the world. It is shoved into their accounts whenever they need to get a new bank bailout loan or corporate bond loan. They then take that new money and freeze it into their own portfolio’s asset holdings. Jumping ship from the dollar while the loan/money printing process that got them those dollars melts away the buying power of everyone else’s U.S. dollar savings.
This process leaves almost none of that newly printed money liquidity to trickle down to those at the bottom that are relying on the dollar. Dollars that are perpetually being devalued thanks to the digital printing of trillions of new dollars; trillions of new dollars that are issued through loans acquired by the top 1% for their asset-hoarding greed. And we wonder why the wealth inequality is getting so bad with all this loan welfare. Loan welfare for the top 1% where they get a majority of the newly printed cash to then play musical chairs within their asset market of choice.“Corporate Welfare” by RJ Matson (Source: Distributed to subscribers for publication by Cagle Cartoons, Inc.)
They possess most of the now 35% of all U.S. dollars in existence that were digitally printed out of thin air last year, as stated by Jack Choros in a blog post going over the increases in M1 money supply during the pan...