It already has, and you're volunteering for it.
Executive Order 6102 required Americans to sell any privately held gold (above 5 ounces) to the government for $20.67/oz. The following year, the Gold Reserve Act repriced gold to $35/oz.
This reduced the purchasing power of the dollar by almost half versus gold in less than one year. As the hardest and most scarce money at that time, gold preserved its purchasing power. Those holding the softer paper dollars lost theirs.
But how could that happen again? And how could it possibly have already happened for the last 10 years?
Because Bitcoin has compounded at ~70%/year for the last 10 years. This means the purchasing power of the dollar versus today's hardest money, Bitcoin , has been cut by ~41% annually.
In 1933, it was cut by 41% against gold once. Against Bitcoin, it has happened every year…for a decade.
If you are storing any of your long term savings in dollars, you are voluntarily giving away as much purchasing power as citizens in 1933 were forced to sacrifice.
And you're doing it every…single…year.
The effect this has had on your purchasing power is below
Throughout history, individuals and societies storing their wealth in money with less scarcity than the best available money at the time have suffered the consequences. Whether it was African societies storing their wealth in glass beads, or Eastern civilizations storing theirs in silver, the painful lesson of holding softer money has been learned by humanity over and over again.
You have a choice to make…
Will you continue to store the fruits of your labor in a "money" with infinite supply controlled by someone else?
Or
Will you preserve your time, your life force, and your family's wealth in the only absolutely scarce money ever discovered?
The choice is yours...choose wisely.
