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> Call it $1USD, no vote. USD is managed by the federal government, which despite all its flaws, is still a democracy. > What if I told you that the average w
by seoaeu 5y ago
> Call it $1USD, no vote.
USD is managed by the federal government, which despite all its flaws, is still a democracy.
> What if I told you that the average worker who works for wages for 40 years, will lose 40% of the value of their lifetime earnings if inflation was 'only' 2% per year?
You'd be lying. The average worker spends the majority of their earnings immediately meaning that inflation doesn't cut into them, and puts most of the rest towards assets that track inflation (houses) or exceed inflation (stock market / retirement accounts).
- lowkey 5y agoExactly who do I vote for to end the inflationary, easy money, Zero interest rate policy of the Federal Reserve. You may have been taught in school that the United States is a democracy but I am afraid that does not apply to the Federal Reserve which is an unelected unaccountable quasi-goverment entity at best. > You'd be lying. Nope, not lying - just calling out the truth that the government systematically steals the purchasing power of the common man by means of inflation, officially at the rate of 2% per year, but I believe the rate is actually much higher. Currently the official rate is 6.4%, so over 3x the target rate. I’m curious how anyone could see this situation and not be concerned for the future. See 1971 Cost of Living for example https://imgur.com/3YApK5i https://imgur.com/3YApK5i Bitcoin fixes this.