Cyph3rp9nk on Nostr: Fiat Money We must educate the population about what FIAT money means. FIAT money is ...
Fiat Money
We must educate the population about what FIAT money means.
FIAT money is imposed by the government by forcing you to pay taxes and duties with it and rejecting other means or forms of payment. In the worst cases FIAT money is imposed by force, such as the confiscation of gold in the USA (Executive Order 6102 of 1933) or the establishment of a foreign currency such as the dollar through wars or by forcing you to pay for energy with that currency under threat of war.
The life of an ordinary person is relatively simple, work to subsist and cover the basic needs of food, housing and transportation.
It is already assumed that part of the salary goes to the state, but no one assumes the worst tax there is, the hidden tax of inflation, which every year degrades your purchasing power and what is worse, your life savings.
During 2022 people in most western nations have lost 30% of the value of their savings, and as inflation continues, cumulative inflation by the end of the decade may exceed 100%, all your hard earned savings will be worthless.
Educate yours about what money means and why it's important to save in unforgeable assets like #Bitcoin.
Published at
2023-08-16 21:15:46Event JSON
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"content": "Fiat Money\n\nWe must educate the population about what FIAT money means.\n\nFIAT money is imposed by the government by forcing you to pay taxes and duties with it and rejecting other means or forms of payment. In the worst cases FIAT money is imposed by force, such as the confiscation of gold in the USA (Executive Order 6102 of 1933) or the establishment of a foreign currency such as the dollar through wars or by forcing you to pay for energy with that currency under threat of war.\n\nThe life of an ordinary person is relatively simple, work to subsist and cover the basic needs of food, housing and transportation.\n\nIt is already assumed that part of the salary goes to the state, but no one assumes the worst tax there is, the hidden tax of inflation, which every year degrades your purchasing power and what is worse, your life savings.\n\nDuring 2022 people in most western nations have lost 30% of the value of their savings, and as inflation continues, cumulative inflation by the end of the decade may exceed 100%, all your hard earned savings will be worthless.\n\nEducate yours about what money means and why it's important to save in unforgeable assets like #Bitcoin.\n\nhttps://m.primal.net/HIux.png",
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