Bad Money is the Poison in your Life, Bitcoin is the Antidote

Bad Money is the Poison in your Life, Bitcoin is the Antidote

There is a video on X where older people are asked about advice and regrets to share with their younger selves, https://x.com/i/status/1791129102034124945.
An 89 year old woman states that life is difficult in every sense for the younger generations. She is spot on. I would be curious if she has a deeper answer as to why life is difficult for younger generations than it was for previous ones.

A lot of life’s struggles for younger generations comes down to money. We put a major focus on people that money = success and money = happiness but these generations are struggling with a poor job market, an enormous debt burden, a debased dollar, high inflation, continuous war, regular threats of the next pandemic, and so on. No wonder anxiety drugs are so prevalent.

Our kids hope for the future is tarnished because we’ve delivered the vision of all of these negatives.

If you look behind the curtain, you will see that the money is the poison here. We are a debt based society where money is printed out of thin air based on debt that is bought by that money. The Fed prints trillions of dollars propping up the system which eats at your buying power via inflation, and high interest rates causing your expenses to be higher for credit cards and loans. You end up struggling with higher costs of food, rent, car payments all because of this mighty $ that benefits the elite. A sound money system is needed to correct this, as well as a general money education so people know how the system works.

Henry Ford is attributed as saying, ‘It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning’.

What he actually wrote is more profound, “The people are naturally conservative. They are more conservative than the financiers. Those who believe that the people are so easily led that they would permit the printing presses to run off money like milk tickets do not understand them. It is the innate conservation of the people that has kept our money good in spite of the fantastic tricks which financiers play-and which they cover up with high technical terms. The people are on the side of sound money. They are so unalterably on the side of sound money that it is a serious question how they would regard the system under which they live, if they once knew what the initiate can do with it.”

Henry Ford knew the problem was the Federal Reserve system. A debt-based system designed by banking elites to siphon wealth from the working class and bring that wealth up to those that control the system through a 2% inflation rate (that steals 2% of your buying power on an annual basis from you). This goal of 2% inflation is manipulated through printing money, or setting interest rates. Printing money is through loans (debt issuance) and the lower the interest rate, the more inclination of borrowers to borrow money putting it into the economy. Higher interest rates slow down the money printer by causing borrowers to choose not to borrow or put off needed capital expenses (which causes its own problems). It is a rigged system. It is the true ponzi scheme.

What is the solution? I would argue it is #Bitcoin. A sound money that cannot be debased through centralized inflationary practices. Bitcoin has principles of money that are shared in various degrees with other forms of money including gold and the dollar. But the main argument is that Bitcoin is the hardest currency ever created — more than the dollar, and more than gold. Read Saifedean Ammous’ ‘The Bitcoin Standard’ for a deep dive on this topic.

I see the lack of a vision in younger generations for hope in their future here in the US. And it is sad to witness.

But what I witnessed in El Salvador, when they made Bitcoin legal tender, was that over the last 4–5 years, a populist president, Nayib Bukele, changed his peoples outlook for their future by implementing sound money. They were able to pay off their soul crushing foreign debt. They also implemented a crime crackdown. What was once the murder capital of the world, is now a beacon of personal safety, freedom, and financial growth. What I witnessed was young teens and high school late teens embracing Bitcoin education, and having a sense of hope for their future, where previously they were more concerned about making it through the day.

This is the kind of vision that the US used to have in great amounts. I had that vision. I have that vision now. I think our younger generations deserve that vision for their future also.

Learn about Bitcoin, join a local Bitcoin meetup, and see why it is different.

A discussion with industry experts and thought leaders will be held online with SECTA’s Liberty in Tech livestream podcast on May 23, 2024 at 12:30p ET. Details at https://www.eventbrite.com/e/liberty-in-tech-where-bitcoin-decentralized-ai-crypto-converge-tickets-907302424977

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