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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
by 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.