Gotta love the central bank grift.
> Never fund critical thinking courses in public schools, or courses on how money works, or on how to protect your wealth.
> Encourages everyone to invest in the stock market for retirement, without teaching anybody how to do it in schools.
> Average people working to make ends meet just keep their excess in a savings account with no interest.
> Borrows dollars from everyone and promises to pay it back with (on average) 4.2% annual "interest".
> Prints on average about 7% new dollars in a year so all dollars are worth about 7% less. This includes the previous loan debts that need to be paid back. 4.2% (interest) minus 7% (debasement caused value reduction) nets a real return of -2.8%. Treasuries are a bad investment.
> Measures the countries economic growth in dollars year over year, without adjusting for the reduction in the real value of the dollar.
> Economy "grows" 2 - 4% every year as measured in dollar units.
> Proclaim: Success! Economic growth goal succeeded!
Gee I wonder why average people earning an the average income can no longer afford basic living expenses anymore, like a average home or childcare or healthcare or university.
Don't worry though, the economy is doing great...
TheBitcoinBattery / ₿ = Perfectly stored time + energy
npub1kl…fq497
2024-08-29 14:36:21
Author Public Key
npub1kl8aguhljq6yrmrv64dm2phew3pprfhx3ef9yh2zg3gkn0dq8adqzfq497Published at
2024-08-29 14:36:21Event JSON
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"content": "Gotta love the central bank grift. \n\n\n\u003e Never fund critical thinking courses in public schools, or courses on how money works, or on how to protect your wealth.\n\n\u003e Encourages everyone to invest in the stock market for retirement, without teaching anybody how to do it in schools. \n\n\u003e Average people working to make ends meet just keep their excess in a savings account with no interest.\n\n\u003e Borrows dollars from everyone and promises to pay it back with (on average) 4.2% annual \"interest\".\n\n\u003e Prints on average about 7% new dollars in a year so all dollars are worth about 7% less. This includes the previous loan debts that need to be paid back. 4.2% (interest) minus 7% (debasement caused value reduction) nets a real return of -2.8%. Treasuries are a bad investment.\n\n\u003e Measures the countries economic growth in dollars year over year, without adjusting for the reduction in the real value of the dollar.\n\n\u003e Economy \"grows\" 2 - 4% every year as measured in dollar units. \n\n\u003e Proclaim: Success! Economic growth goal succeeded!\n\n\nGee I wonder why average people earning an the average income can no longer afford basic living expenses anymore, like a average home or childcare or healthcare or university.\n\nDon't worry though, the economy is doing great...",
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