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> 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%

> 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? how did you come up with this number? rational people don't just accumulate a big pile of cash over forty years. to the extent they have a surplus that doesn't immediately go towards expenses, they purchase assets. by the way, I don't think it's "bad" that crypto exists as an option. having options is great! but I do think you'd be a fool to park an amount of money that matters to you in crypto.

lowkey 5y ago
That is because rational people know that the scam that is the fractional reserve banking system with it’s artificially low interest rates, is the direct reason why workers have no option to save their money in the bank while coming out ahead of inflation. If there were no inflation and banks had to pay you a meaningful rate to save with them, then there would be a viable option for those who do not wish to risk their life savings in the stock or real estate markets. Tell me why is it, in a functioning economy, that the only option for wage earners to stay ahead of inflation is by risking their savings on volatile stocks or real estate? Why is it not possible to save conservatively in a bank while staying ahead of inflation? In my opinion it is by design because it is easier for governments to steal wealth by inflation than it is by taxation. Inflationary monetary policy is a scam designed to steal generational wealth. Bitcoin fixes this.