You have to understand why "living paycheck to paycheck" has become so common, and why financial life never seems to move ahead, but instead seems in a perpetual chase to keep up with zero.
We call this "the fiat hamster wheel." It's hard to see when you inside the fiat system, but the value of your money is constantly falling, you are having to get constant hourly wages simply to keep the same purchasing power, & you (and everyone else) is incentivized into a never ending cycle of taking on debt.
Imagine if your paycheck bought you 5% more at the end of the year, *without* any raise, debt was super expensive so you and 90% of everyone else didn't go into debt unless it was important, & everything usually purchased *with* debt was essentially 20% of the price you are used to, because there isn't a constantly propped up debt mountain fueling it's price infinitely higher.
In short, with sound money:
• Debt would be scarce
• Savings would be abundant
• Things would be affordable
• and your money would get more valuable over time
TheGuySwann / Guy Swann
npub1h8…6rpev
2023-03-09 13:43:49
in reply to nevent1q…ukf5
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2023-03-09 13:43:49Event JSON
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"content": "You have to understand why \"living paycheck to paycheck\" has become so common, and why financial life never seems to move ahead, but instead seems in a perpetual chase to keep up with zero.\n\nWe call this \"the fiat hamster wheel.\" It's hard to see when you inside the fiat system, but the value of your money is constantly falling, you are having to get constant hourly wages simply to keep the same purchasing power, \u0026 you (and everyone else) is incentivized into a never ending cycle of taking on debt.\n\nImagine if your paycheck bought you 5% more at the end of the year, *without* any raise, debt was super expensive so you and 90% of everyone else didn't go into debt unless it was important, \u0026 everything usually purchased *with* debt was essentially 20% of the price you are used to, because there isn't a constantly propped up debt mountain fueling it's price infinitely higher.\n\nIn short, with sound money: \n• Debt would be scarce\n• Savings would be abundant\n• Things would be affordable\n• and your money would get more valuable over time",
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