WaldoStackjoiner

Disrupt war. Liberate the bottom half. #Bitcoin (“plewbie” ~yellow). Stack sats on the #stackchain

Public Key

npub1mvm0wzfrfxx559u36c8kkplav0p0lxnhhjh2nvza07snx65nkkjseesx77

NIP-05 Address

waldostackjoiner@nostrplebs.com

NIP-57 Address

richestrod82@walletofsatoshi.com

Profile Code

nprofile1qqsdkdhhpy35nr22z7gavrmtql7k8shlnfmmet4fkpwhlgfnd2fmtfgprpmhxue69uhhyetvv9ujumn0wdmksetjv5hxxmmdqyt8wumn8ghj7un9d3shjtnwdaehgu3wvfskueqvr7xsr

Publishing to

relay.noswhere.com

relay.nostr.band

nostr.bitcoiner.social

Author Public Key

npub1mvm0wzfrfxx559u36c8kkplav0p0lxnhhjh2nvza07snx65nkkjseesx77

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Last Notes

2024-09-21 17:17:31

Charts for Pre-Coiners™️
Headline CPI ≠ workers' two highest expenses
Shelter prices = +5.2%
Transportation prices = +7.9%
Did your wages over the last year keep up with this? If not, you may want to start studying #bitcoin
https://m.primal.net/Kwox.jpg
https://m.primal.net/Kwoz.jpg

2024-09-02 14:31:08

Charts for Pre-Coiners™️
Credit card debt has reached record highs and savings rate record lows
Expectations for income fixing this are plummeting
Workers may feel hopeless, but there is a superior tool to save whatever they’re able to: #bitcoin ₿
https://m.primal.net/KacW.jpg
https://m.primal.net/KacX.jpg
https://m.primal.net/KacY.jpg

2024-08-25 11:56:23

Charts for Pre-Coiners™️
Two different time periods, similar result:
Your wages appear to be increasing, but after accounting for inflation, they are flat or decreasing
While chasing even higher wages forever may not beat this, simply saving in superior money can: #bitcoinhttps://m.primal.net/KMFI.png https://m.primal.net/KMFK.png

2024-08-14 15:38:09

- reply

So you’re ok with CPI = inflation?
*relative prices of workers’ largest expenses outpace their wages

2024-08-14 13:37:58

Charts for Pre-Coiners™️
Headline CPI ≠ workers' two highest expenses
Shelter inflation = 5.1%
Transportation inflation = 8.8%
Are your wages keeping up with this? If not, you may want to start studying #bitcoin https://image.nostr.build/e95b8cd4fae5e13bd6460dbdb9bbc3e0a4a051f1e6be8f066b2420ea5336fbcd.jpg https://image.nostr.build/fa2190929f24f64abb048aa7d17a8b279b0d795893a412f505dd44c3ac68a341.jpg

2024-08-13 23:01:14

- reply

Sadly a very valid point 🤝

2024-08-13 20:26:59

Charts for Pre-Coiners™️
People aren't stupid: they know things are increasingly more expensive compared to what they earn
People expect this to get worse, not better
What many don't realize, yet, is that saving in #bitcoin can fix this https://image.nostr.build/1b51f2bddb34897117b84e39be69c8950098c486afb00e8677210a37bd07a960.jpg https://image.nostr.build/652f04eadcc820ea44bca6e5c33d98876ec7d7dd0a61d1f796bba4aff04ab437.jpg

2023-12-01 18:25:08

- reply

😂✊🧡

2023-12-01 15:25:16

Charts for Pre-Coiners™️
If you're living in one of these OECD countries, you're falling behind.
To combat this, you don't have to pick the right investment where others control your fate.
Instead, you can just save over time in the hardest money in human history: #bitcoin https://image.nostr.build/8e65062374c549f164fe25fb77bf4ce1b5ea598bc991aa28b46319d285bff43a.jpg

2023-12-01 15:24:49

Charts for Pre-Coiners™️
Stack both bars on top of each other and notice the variation among income quintiles on real wage growth over this 9-year period.
Lower-middle and middle income earners are falling behind by a large margin.
Saving in #bitcoin long-term can fix this. https://image.nostr.build/289193e463ae9b127708f8c7273ea0c4c0f89fafbca16b03daa8bacc03da7d09.jpg

2023-12-01 15:24:01

Charts for Pre-Coiners™️
Small nominal raises in wages around 3% give workers the impression of progress.
Meanwhile, real wages are near 0% when compared to *official* inflation, and negative when compared to experienced inflation (mandatory goods and services)
Got #bitcoin ? https://image.nostr.build/c7b154023bd2029b4053052dbd6781a4b10fd522c4bf9489fe29390bef879493.jpg

2023-09-11 15:42:05

Charts for Pre-Coiners™️
If the *rate* of inequality were the same, there would still be nominal inequality
But when both nominal and real wages favor the top, inequality widens
Workers not in the top can protect themselves from this over the long-term by saving: #bitcoin https://image.nostr.build/381de77e8b957e0698829e3b3cea915f43379e0d55abb609647067a9185d0491.jpg

2023-09-11 15:41:33

Charts for Pre-Coiners™️
When wages don't keep up with inflation (housing, food, transportation, electricity), workers have to turn to something to pay their bills
All-time-highs in credit card debt is not a long-term solution, however
Saving in #bitcoin over time can fix this https://image.nostr.build/54f049d73df110673ac8f3452b874c02f2509ee91745a67ce5e4276c97a33a98.jpg

2023-09-11 15:40:58

Charts for Pre-Coiners™️
If you're not a Baby Boomer, odds are you're not that confident about your upcoming bills
This is due to the fact that inflation in housing, electricity, transportation, and food far outpace your wages
Fortunately, over time you can fix this: #bitcoin https://image.nostr.build/292a12784106333e2cb4bfe6ca60b44fb9dcd961581f23ba3a3e2301acd915fe.jpg

2023-09-04 13:25:59

- reply

An honor and pleasure to work alongside hue ser 🫡✊🧡

2023-08-31 18:28:41

- reply

GM Ant ✊ love hues toos 🧡

2023-08-30 18:27:26

- reply

✊🧡

2023-08-30 18:00:52

- reply

GM if hue haven’t seen dis, the love is real ✊🧡https://x.com/psyducksc/status/1696929674562289909

2023-08-29 18:34:30

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Exactly. Since historically it’s such a slow bleed — for those who don’t understand inflation, they likely blame everything else for this phenomenon once they realize it over time.

2023-08-28 22:01:01

Charts for Pre-Coiners™️
When asked which expenses workers would pay first if they missed their next paycheck, they selected housing, food, and electricity well above the rest.
These three categories have been higher than both wages and CPI for years.
Got #bitcoin ? https://cdn.nostr.build/i/d72654af47871e114a6ae0e27d8960f58adc4916895de5b00b58fbed3ecadf73.jpg https://cdn.nostr.build/i/3fcf120bc4535dc53ec2091260a4d582fc430969291cc7606631611be3c0719d.jpg

2023-08-28 22:00:04

Charts for Pre-Coiners™️
High proportions of workers are living check-to-check
Relatively high proportions of workers have zero savings
The less one makes, the harder it is to save given high costs on mandatory expenses
Whatever one can save, a superior tool exists: #bitcoin https://cdn.nostr.build/i/8c41f3143431a37829b11bb3a561bf028909d00645aeb622d875311ab03eb807.jpg https://cdn.nostr.build/i/c6134bf08df757f3cf0ce084cdbfa08ae388d2768f943dc3fbd3f6e3c05aa053.jpg

2023-08-27 15:29:48

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Gn tata + Zappid this post bc I can thx to hue seven!! 🙏🧡

2023-08-27 04:44:50

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Likewise. A different but related chart shows *negative* median wages compared to expenses workers have had, 1971-2022 (BLS data) https://cdn.nostr.build/i/87c66a433ae0f7244ac37b95cc9e4a4c5eb559ceac5c1f34f30084fdc752fc49.jpg

2023-08-21 18:24:24

Charts for Pre-Coiners™️
Be wary of metrics that involve averages on wages, as these are pulled up by the top 1%
The better metric to ascertain progress is median wages, which have flatlined since 1971
The situation is worse as CPI is lower than actual inflation
Got #bitcoin ? https://cdn.nostr.build/i/8824d4c8048edb402021aedafe11f3033c4c86ad7c77baa53e3a40d9711604bb.jpg

2023-08-21 18:23:37

Charts for Pre-Coiners™️
A snapshot of the income distribution at any point post-1971 reveals the same picture
Imagine if the top 1% didn't exist; arguably this would be a fairer version of inequality
But with the top 1%, inequality becomes extreme
For the 99%, got #bitcoin ? https://cdn.nostr.build/i/9c5907d961c6b73ad60cb7677068f3630fb47e80ca52bd83aec4255c911854ef.jpg

2023-08-21 18:22:58

Charts for Pre-Coiners™️
If you're not in the top 1% of income earners, your income has not increased in the last 40 years at a rate that beats the inflation you face every day.
Fortunately, you don't need to become part of the top 1% to combat this; you can just save: #bitcoin https://cdn.nostr.build/i/63da51b135d5a4650cb7139254b2afb33ec3651f734e0c521ef158dccc4a78f6.jpg

2023-08-16 00:23:51

- reply

🫡
*amazing memes

2023-08-09 20:26:33

- reply

Tenk hue @npub1mc2…4ptv + miss hue ✊🧡

2023-08-09 17:25:22

Charts for Pre-Coiners™️
For most of the 20th century, the share of income flowing to the top 1% in the US was falling.
In 1971, the pattern reversed and has been rising ever since.
If you're not in the top 1%, you've been experiencing the opposite trend.
Got #bitcoin ? https://cdn.nostr.build/i/347f65351d2a7ff71f94f1a5f2d4b4342b332af4a4cdf634532be8c4bcbec38d.jpg

2023-08-09 17:24:56

Charts for Pre-Coiners™️
The promise of the American Dream was the next generation could live better than the former
This dream died in 1971: your kids will be worse off than you were
However, you can combat this fiat fvckery by saving long-term to fix this: #bitcoin https://cdn.nostr.build/i/40ba651b99dd9a119e915a506c239d8539b0b5d3f02e7ca2be352aedf30c239c.jpg https://cdn.nostr.build/i/9bca7bb41c8df29e4c59a7c80ebe4259d77cef648c7b5f970e7469f57c1104c3.jpg

2023-07-28 20:51:36

Charts for Pre-Coiners™️
Odds are, your wealth has either only slightly increased or not increased at all over the last 30 years.
The further you are from the top, the more the game is rigged against you.
Fortunately for you, saving in #bitcoin long-term can fix this. https://cdn.nostr.build/i/fbe9c1413eeb19ddf34b85087b795f364004c459568f509d0df1810e915c2e58.jpg

2023-07-25 21:26:23

Charts for Pre-Coiners™️
Do you live in a country with negative real wages?
If so, what's your plan to combat it? Work more hours? Take on more debt? Find a "better" job (till that one goes negative, too)?
Fortunately for you, saving long-term in #bitcoin can fix this. https://cdn.nostr.build/i/763235d007927baf7a6ee6506c4ba6fb4b4473674b03f4a5eb56e9396ec4ccde.jpg

2023-07-25 21:25:35

Charts for Pre-Coiners™️
The bottom quartile of income earners face negative real wage growth YoY.
One culprit is a stagnant minimum wage.
Who benefits from this?
These workers certainly don't, but if they save what they're able, they can combat it: #bitcoin https://cdn.nostr.build/i/b0961a94f9d316b7498fe8a158ac98a0682702cc0b1ff487aedf799985d7669c.jpg https://cdn.nostr.build/i/40812b5a1cb79038fa9bf57fd9030892c0d812fd68d4438b97ecd68098c22cef.jpg

2023-07-25 00:15:00

Charts for Pre-Coiners™️
If the rate of income stayed on course from 1975, the "counterfactual" column would be how much workers would make.
However, the 2018 column shows how much they really made.
Go find your group: unless you're in the top, you're getting screwed. #bitcoin https://cdn.nostr.build/i/325f708c648498d8012b86a37a212034f285fdfcf0245443c63ebe8129c141bc.jpg

2023-07-25 00:13:13

- reply

The feeling is mutual ✊🧡 https://cdn.nostr.build/i/2881eed8d99c7d255dc4c2223d5e5af628e0de1aa92dc81abe59294bd159993a.jpg

2023-07-20 16:40:00

Charts for Pre-Coiners™️
If you're in the top 1% of income earners, congrats; the system is built specifically for you.
If you're in the bottom 99%, you may want to consider saving over the long-term in the hardest money in human history: #bitcoin https://cdn.nostr.build/i/628570144a17dd6fed68c3d425f8c68aa8bf1262bb92024d2ce7c200a2513a7f.jpg

2023-07-20 16:39:02

Charts for Pre-Coiners™️
If you're in the bottom 50% or middle 50-90% of income earners, over time you earn less of the total pie.
Even within the top 1-10%, you earn less of the pie compared to the top 1%.
Saving in #bitcoin long-term can fix this for you. https://cdn.nostr.build/i/d330132d92a3c0ee88e233a0f8c1c0f9673a6b1fc1dccac94596c55f6c9a4eae.jpg https://cdn.nostr.build/i/eb8e410e22318513fc6efd01ad4201a99a1813bd5ebf7c5626c8d318370ff037.jpg

2023-07-19 20:51:02

Charts for Pre-Coiners™️
CPI is *only* 3% and wages went up 3.6% from June 2022-23; wooo they did it!
Just don't eat food (average 6.2%), use electricity (5.4%), have shelter (7.8%), or use transportation services (8.2%), and you'll be just fine!!
Got #bitcoin ? https://cdn.nostr.build/i/5540864acf0f393239f481233b56cfc6925297e351856b5173e748780a8b4ba9.jpg https://cdn.nostr.build/i/6a663bdb83bb7cb7194343c3959d94bcfdbded21a791ad02f766148c336e1383.jpg https://cdn.nostr.build/i/2e503a0c01d9524fc072a742ccc1c61f644a1021973c16ecd021ff89e201885e.jpg

2023-07-16 19:27:14

Charts for Pre-Coiners™️
If you're reading this, you're almost definitely in that last column on the right
But if you're reading this, you may also know that the longer you save in #bitcoin , the better odds you might move to the left side of the chart 🤝 https://cdn.nostr.build/i/0dc6740277a6ba91901091e09f46d3b6df2b39dbdbd4a951ce226c62a7a70cac.jpg

2023-07-16 19:26:50

Charts for Pre-Coiners™️
In 2021, workers' real wages were -2.4%, whereas CEOs in S&P 500 companies saw a pay increase of +18.2% (AFL-CIO).
While some may scream 'corporate greed', others suggest this is the Cantillon Effect at play.
Whatever your ratio is, you can improve it for yourself: #bitcoin https://cdn.nostr.build/i/21fbd1163349d0bdd748623407f23a2ee5aed535bd2be2d77fe864143d078e35.jpg

2023-07-14 13:51:43

Charts for Pre-Coiners™️
If you're in the top 1%, congrats. You're probably fine, as your average income is ~20x that of the bottom 99%.
But if you're in the bottom 99% of income earners, you may want to investigate #bitcoin as a long-term savings tool sooner than later. https://cdn.nostr.build/i/8e8c2decce51317be5b83cec35d547f5d8a80a215853c5569269dd20970dbc4c.jpg

2023-07-14 13:51:06

Charts for Pre-Coiners™️
On the surface, it appears that (nominal) wages have performed better post-Covid than after the GFC
However, after adjusting for inflation, (real) wages performed much worse
Saving in #bitcoin over time can protect workers from falling behind even more https://cdn.nostr.build/i/e3bd760a566a1acf742873a0ac7d0437e78ba8805183466f4c164f39bdbdfabe.jpg https://cdn.nostr.build/i/62aeeef3401cfd62b62296af6f97d00df34e448b2517e506239d4674ba37ac4b.jpg

2023-07-06 20:15:45

Charts for Pre-Coiners™️
For the 53.4% of American workers who face negative real wage growth, the median average was -6.5%
In Q2 2022, the median rate for this group was -8.6% (26.7% of workers are below this rate)
Workers earning negative real wages can benefit from #bitcoin , esp. the bottom quartile https://nostr.build/i/9671d68202d05f59a0df08b4e25b3b21d9e585ab145d791607a62c5d38990c67.jpg

2023-07-06 20:14:52

Charts for Pre-Coiners™️
We know that actual inflation is much higher than CPI.
But even just looking at CPI, over half of workers are not keeping up on wages.
These workers do not need to become investment experts to fix this.
They just need a superior savings tool: #bitcoin https://nostr.build/i/16fa8ea34d42f08d097ee2d5d2add6042a6cc5f7b1572d3520adb1dcf989361c.jpg

2023-07-04 20:20:56

- reply

😂🤣🧡

2023-07-04 16:50:24

Charts for Pre-Coiners™️
You know things are bad when real wages (inflation adjusted) show zero improvement based on CPI.
And CPI is lower than regular expenses the majority of workers face, so the situation is much worse (negative real wages).
Saving in #bitcoin can fix this https://nostr.build/i/907ce0db9310d8c34cff826b2b3cd64c8fb0ae29f3cbf91bf2fafcdcd1b04520.jpg

2023-07-03 21:08:45

Charts for Pre-Coiners™️
One reason inflation is so easy to hide is that workers' nominal pay is going up over time, which leads them to believe things are improving
However, no matter what period of time we look at post-1971, there is little to no progress
Saving in #bitcoin long-term can fix this https://nostr.build/i/32c855dcd05f6e4651ec417c5ba711c08645750b632841d860ce62597872a606.jpg

2023-07-02 12:29:47

- reply

Formula used to compare to today https://nostr.build/i/812be99e887f09e534e826e10337874aa8a38617cc657db6ef448c95b9b3af22.jpg

2023-07-02 12:29:12

Inflation does not have to be normal, contrary to popular belief.
From 1866-1889, for example, there was negative inflation, budget surpluses, and positive GDP.
Fiat fvckery is destroying our present and future; fortunately saving in #bitcoin long-term can save us https://nostr.build/i/3e4f354583b90e38c96a0dbfda440de81f4cdde80f638a0dd2ff0f35e69d6660.jpg

2023-07-02 12:28:30

From May 2022-2023, real average hourly earnings were 4.2% (CPI=4%), and after adjusting for fewer hours per week real earnings were actually 3.3%
In the same time period, shelter (8%) and transportation services (10+%) were more than 2x wages
Saving in #bitcoin can fix this https://nostr.build/i/8eb0916bdb398683a87fa5e6df4c6b3dd6f2ea384de8800ca179eaa3eb3c3e97.jpg

2023-07-02 12:27:55

Charts for Pre-Coiners™️
Of workers' three largest expenses, "transportation" is a tricky category in that there are many options.
However, for those using transportation services, trying to feed and house their families, wages aren't even close to inflation.
Got #bitcoin ? https://nostr.build/i/d0105998361ae01d4c78b30f564dba3eea54b7ee797e83eb6b9a55b8bb7eff21.jpg https://nostr.build/i/ef43e432f1b2b8ee08b10b137788c85225e519b50b4aaab8e6fc6a21b09b8af9.jpg

2023-07-01 17:40:02

- reply

🙏🤝🧡

2023-07-01 17:37:33

- reply

Zappid for maximum accuracy

2023-07-01 02:43:55

- reply

This is an amusing observation and I agree.
Also, I’m one of them 😬

2023-06-28 19:17:45

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What the WH left out was the second part of the sentence from BLS:
'Decreases in the average workweek led to real wages of -0.3% monthly and -0.7% annually.'
Workers are still doing worse than CPI, and much worse on food and housing.
Saving in #bitcoin can fix this over time.

2023-06-28 19:17:02

- reply

GFY

2023-06-28 19:16:46

White House claim: "In May, real average hourly earnings rose 0.3% over the month and 0.2% over the last 12 months"
The problem? This is based on CPI at 4%, NOT food at 6.7% and housing at 8% (2 of 3 largest expenses).
Inflation-adjusted wages are NOT positive.
Got #bitcoin ? https://nostr.build/i/88600fa7ef1ed9d5e572f7a9bbefed349d720c236ff0ea0cd6c123f3d3b5dfd4.jpg

2023-06-28 19:16:16

For every $100, the bottom quintile spends $43 on housing/$14 on food, whereas the top quintile spends $32 on housing/$11 dollars on food.
Inflation in May for food was 6.7% and housing was 8% (CPI=4%).
The less income you make, the more inflation steals from you
Got #bitcoin ? https://nostr.build/i/ef43e432f1b2b8ee08b10b137788c85225e519b50b4aaab8e6fc6a21b09b8af9.jpg https://nostr.build/i/4d6761efbd052ed1cc88ada4ccc298ba0d0bbc987247ef626de8f36dac66d217.jpg

2023-06-28 19:15:32

Charts for Pre-Coiners™️
Don't let the headlines fool you: median wages have not kept up with inflation on food nor housing over the last 10 years
Many above this middle worker face a similar fate, and everyone below is much worse off
Saving in #bitcoin over time can fix this https://nostr.build/i/a72c90a65279769b6aedcbe91844ef118370567420464f7c27398fea252ce7d3.jpg

2023-06-24 17:29:25

Charts for Pre-Coiners™️
Don't let the headlines fool you: median wages have not kept up with inflation on food nor housing over the last 20 years
Many above this middle worker face a similar fate, and everyone below is much worse off
Saving in #bitcoin over time can fix this https://nostr.build/i/956cb7d03683f1bf763f99dd412483b962ad13da01af4f36ff07c175f9541cac.jpg

2023-06-24 17:26:14

Inflation is *only* 4%, cool, right?
Wrong. Especially if you spend a higher proportion of your income on food at home (5.8%), food away from home (8.3%), electricity (5.9%), and shelter (8%).
And wages aren't keeping up.
Saving long-term in #bitcoin can combat this. https://nostr.build/i/cff200f140a3afe91f5b154b81a589112d1b1175b7127466934866fd9ed2862c.jpg https://nostr.build/i/108674d3fc41791e497389b65772f11e60e51b7364bbd689ffe1e7c11e5b7815.jpg https://nostr.build/i/f23a9567fae6f6e3533e21ac2e2eec0a3078207d31aaff56dcac2240a77e0c71.jpg

2023-06-24 17:25:15

What proportion of your income are you spending on food each month?
If that number is in the double-digits, you are disproportionately affected by inflation.
Fortunately, saving in #bitcoin long-term can protect your family from costs rising faster than wages.

2023-06-24 17:24:49

In 2021, the bottom quintile spent 30.6% of income on food, whereas the top quintile spent 7.6% (USDA)
While we would expect this, we may not expect food prices being much higher than CPI and this disproportionately affecting lower income workers
Saving in #bitcoin can fix this

2023-06-21 12:38:22

In 2022 when inflation was 7.9%, wages increased 3.4% and when inflation was 6.4%, wages increased 4.2% (WTW)
There will be celebration in the media when wages stay above CPI (as if 2020-2022 never happened)
Saving in #bitcoin long-term can provide an exit from this losing game

2023-06-21 12:37:43

Caution with charts; this one appeared on the White House site, and the accompanying paragraph notes inflation and wages are equalizing (yay!).
Wrong. First, the previous disparity has not been made up for. Second, CPI is lower than most workers' daily expenses.
Got #bitcoin ? https://nostr.build/i/b7e583852966e467a8535eab25a9e44388247f506bc69cfa41d25c534f87163f.jpg

2023-06-17 22:03:09

Charts for Pre-Coiners™️
"I'm making more money than I was before, so I must be winning."
Wrong. Between January 2021 and April 2023, real wages (inflation adjusted) are down -3.3%.
As your purchasing power decreases, it may be wise to start saving long term to combat this: #bitcoin https://nostr.build/i/45aa128687f9747bbc014f02b2b83cdd8005c9a8fdb71163e9cf7b5fe9dade06.jpg

2023-06-16 11:54:19

Half of the respondents in Forbes' survey indicated they used a high-yield savings account (~5%) to save for long-term goals
Their money is losing value slower than in a regular savings account but it's still losing value
How much more would they save if they saved in #bitcoin ? https://nostr.build/i/ce3debb81cccbd8eee0af11f61d6d055f1c12b7c3aa00c8ec6e881ad32254275.jpg

2023-06-16 11:53:38

Inflation varies for workers according to their expenditures:
In 2002, the lower quintiles spent a greater proportion on electricity and food than the higher ones
In April 2023, YoY food was +7.7% and electricity was +8.4% (CPI=4.9%)
Saving in #bitcoin can combat this https://nostr.build/i/567be98db3fd9945808cd067bc6acd39624efd294ae5deb910f1f8c0e755b51b.jpg

2023-06-16 11:52:58

Inflation varies for workers according to their expenditures
In 2020, the lower quintiles spent more on housing and food than the higher quintiles
In April 2023, food was +7.7% and shelter was +8.1 (CPI=4.9%)
The lower quintiles could benefit greatly from saving in #bitcoin https://nostr.build/i/1b171095d4fb65260df5bd62f38fa8aaa277cc3cf4b8652ace522694cc66a1bd.jpg

2023-06-16 11:52:20

A guaranteed "up and to the right" chart is consumer debt.
Skyrocketing rates combined with higher-than-ever borrowing don't bode well for the health of workers and their families over the long term.
Saving in #bitcoin over time, however, can help them exit the insanity. https://nostr.build/i/1a72800140ff0a4452ff11592ec3444426dd4dcf17eaeee2743d75ded70317a2.jpg https://nostr.build/i/c83a94a7c867fe406c5562c1b3b050aefa24292e8c7366e3fa1c2c632b62e072.jpg

2023-06-13 13:42:57

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Awesome. They got a great dad ✊🧡

2023-06-07 20:06:47

"What would you do if you received $5,000 today?"
What if the 'save in high-yield savings account' (19%), 'pay off debt' (18%), 'save in CD' (9%), and 'invest in stocks' (9%) groups just saved in bitcoin for a few years instead?
#Bitcoin is superior savings technology. https://nostr.build/i/9f79a803bf35bbae9b79b0ff3a546084a7ce42fbae9a139569bd431615627f15.jpg

2023-06-03 17:02:11

The Personal Saving Rate is still well below its pre-Covid levels
If workers are able to save longer term, then saving in #bitcoin is far superior to saving in dollars
Arguably, this strategy could also even require a lower proportion of disposable income to be saved over time https://nostr.build/i/b12f580cf143f91c887f61ffee533dd5ccef0a8555da8e6f709dfcbd7b6aa5fb.jpg

2023-06-02 16:47:59

From Q4 2021 - Q4 2022, American households have experienced a sharp decline in disposable income compared to their peers.
Taking on more debt doesn't fix this long-term, but saving in #bitcoin can. https://nostr.build/i/4fb47903fe1b5f8913fefb841f33ca17412e2013d9d9e6cf116d3eff658b3da1.jpg

2023-06-02 16:44:43

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Whoops forgot link:
https://damus.io/note1hvcrgnncw9ys35t8qsnqvwpt3amru7zvaq08zaju09m5u75wya0qcfuhva

2023-06-02 16:44:18

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Great statistic and reply, much appreciated!!
You may be interested in this post as well where I used some math from John Haar and the US Census on housing over time 🤝🧡

2023-05-29 16:53:20

"GOBankingRates recently surveyed 1,000 Americans ages 18+ and found that 32.9% have no more than $100 in their savings account.
In a similar study conducted in 2022, 22% of Americans responded they had $100 or less in savings."
Prices go up, wages don't keep up, got #bitcoin ?

2023-05-28 04:32:48

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2026

2023-05-25 22:06:49

Charts for Pre-Coiners™️
Don't be fooled by CPI categories such as "energy" or "less food and energy".
Food is higher than CPI, and "energy" is getting pulled down by subcategories that not everyone uses.
However, everyone does use electricity, which is also higher than CPI.
Got #bitcoin ? https://nostr.build/i/4aab475805934cbf69509d1a615ded5cb36dd3b6526a46533e7e62404fb1afcb.jpg https://nostr.build/i/2db8da7545d7664621e53335132cba45218d3a0637871c57da6271f130086ca4.jpg https://nostr.build/i/3f16e3ae4bc37762a53f7cbfe7c5bc039eaa0a29fe36d3e7c7965b6439daaafa.jpg

2023-05-17 13:40:12

Charts for Pre-Coiners:
The top 1% owns more wealth than both the rest of the top 10% as well as the bottom 90%.
Disentangling the bottom 50% from these groups, the picture is even more bleak.
As easy money flows to the very top, the 99% need a fair, equal access savings tool to build wealth: #bitcoin https://nostr.build/i/e26e4b40fdc7b610a9d5dbae0078e77c0dccbf89f388e58bd553d19e0c035117.jpg https://nostr.build/i/695dd2341f2775dd844a9b9e3948487cbb8f722d918fad3e71712359358ff4e6.jpg https://nostr.build/i/6b0f8010abbbb10621f23921fb41f49d0aa774da473fa9483dba2a280236a74e.jpg

2023-05-14 16:38:03

Charts for Pre-Coiners:
We hear a lot about "the 1%", but within this group, the top 0.01% have pulled away from the pack, skewing the data
More important, the bottom 50% has been left behind on both income and wealth
#Bitcoin provides an opportunity for all groups to build and store wealth equally https://nostr.build/i/2648dcaa4102824e8efaf35c84d1ac9e790a7e653342691b1045916c9ac2741a.jpg https://nostr.build/i/b7b6d400c5197919b1c5d6390280ad5c0ac47cb70ea855a74b716a1af5ed50a6.jpg

2023-05-11 14:49:14

Aside from the fact that inflation compounds, average hourly wages are still not keeping up with workers' daily expenses on items such as food, shelter, electricity (nor even CPI)
Saving in #bitcoin doesn't fix this right away but it can long-term, especially if starting now
(Source: BLS data) https://nostr.build/i/8dd8ecfe911bc73117b0c23429722432bf90ba91a6d79d002620a5851bb63176.jpg

2023-05-11 14:48:01

Consumer loans have experienced a 5x increase in the last 20 years. This is a precarious situation for workers, particularly as rising unemployment is a Fed policy objective
There is a better way but it takes patience and determination: start saving in the hardest money #bitcoin https://nostr.build/i/1b1b80fa6463f4a8d711c70f928b31f6128d24f6c89dd9c1abe431e306d4102d.jpg

2023-05-11 14:47:23

When wages don't track with inflation on daily expenses, such as food, electricity, and housing, workers deplete savings.
They also go deeper into credit card debt.
What would these graphs look like for someone who started saving in #bitcoin at the peak savings rate in 2020? https://nostr.build/i/c72269ded479b4b5093f5019b7dcf439adf2b219bbe40f2e7315e14f5a88376a.jpg https://nostr.build/i/701ff3dd3d1d076eef3ff6b0b4ebfbc822db09f7aea588e59263e1ccae2c2480.jpg

2023-05-06 16:06:46

Inflation's not so bad if you don't need food or energy.
As central banks manipulate money and the media and politicians play the blame game, people have to live this reality by draining their savings and taking on more debt.
Fortunately, there is a better way: #bitcoin https://nostr.build/i/385693f6a88dd8a933287feba8d97f5c6b6d5c480e62ea5cef9b4ab0d3251d60.jpg

2023-05-05 14:24:30

From March 2022-2023, wages did not track with inflation (CPI), nor on items people need every day, such as food, energy services, and shelter.
To note, wages did beat things like apparel, medical care services, and used cars, but these are not regular costs.
Got #bitcoin ? https://nostr.build/i/98900c2242f3c6ecfa0debba79f1452b08b926fa74141e57fa75bb00fb001f11.jpg

2023-05-02 14:52:58

Dividing earners into groups can be useful for comparison, but it's important to note the top group is always skewed by the very top sub-group
The differences among groups are not as stark when excluding the very top
Easy money flows to the top 1%; for the 99% there is #bitcoin https://nostr.build/i/1057d8821e77f2508286e8595885fc7bc2399a0536e219ee2bba2bd8eb3f7d27.jpg

2023-05-01 17:33:13

When income levels are different but the *rate* of change is similar, everyone wins
When income is different and the rate favors the top more than the bottom, fewer people win, thereby widening inequality
A Bitcoin Standard can fix this. You can also start fixing it by saving: #bitcoin https://nostr.build/i/0bcc6e18dbd5d4298045784de2dde11998473b9d10dbfb08d9b1955c7e8f23fe.jpg

2023-05-01 00:22:57

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🔥🔥🔥

2023-04-28 18:38:10

In the 45-year period from 1967-2012, real household income (inflation adjusted) for the bottom 50% of working Americans was nearly flat
While all income groups can benefit from saving in #bitcoin , the bottom half especially could benefit from this savings technology to combat inflation over time https://nostr.build/i/fc57d6dd8d07f4418bc5e16388f1d475adf53258efe643d545c0fe989fa8d2ab.jpg

2023-04-27 12:49:50

According to John Haar, “The median price of a US home in 1940 was a little under $3k. Today it's around $450k.
That's an average increase of ~6.25% per year.
If that rate continues, in 30 years the median price of a US home will be over $2.6 million.”
*******************
Taking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:
The estimation of median wages in 1940 = $774 (US Census, average men/women)
In 2023, estimated median wages = $57,200 (BLS)
In 1940, rate of housing-to-wages = 3.9x
In 2023, rate of housing-to-wage = 7.9x
1940-2023, wages = 74x
1940-2023, housing = 150x
Got #bitcoin ?

2023-04-25 21:46:09

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Followid 🤝

2023-04-25 15:59:07

Payscale Inc.’s 2023 Compensation Best Practices report stated 80% of companies surveyed said they plan to give raises this year, compared to 92% in 2022
Just 11% of companies (compared to 18% of companies last year) said they’ll increase base pay by more than 5%
Got #bitcoin ?

2023-04-22 19:26:23

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Wow, that perspective is so important to hear and so scary at the same time. If the OGs who have lived through truly crazy times think it’s really bad right now, we should obviously be particularly concerned (arguably all bitcoiners are).
This can also be a time of hope. If regular folks are noticing now more than ever that things are bad, maybe they’ll investigate why and hopefully that’ll lead them to broken money… and the soundest money solution. 🙏🧡

2023-04-22 12:48:12

Only negative inflation would reduce the compounding effect of inflation, but YoY we see very little of that, and definitely not enough to make an impact.
Instead we see things getting more expensive in perpetuity.
Saving in the best hard money in history fixes this: #bitcoin https://nostr.build/i/nostr.build_dcfe22decfac09f4f470041d01e9969e80772ff3db903e46c536f9e883b7bfe1.jpeg

2023-04-20 13:32:25

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Well said. This reminds me of one of my favorite quotes:
“Hegemony is a struggle in which the powerful win the consent of those who are oppressed, with the oppressed unknowingly participating in their own oppression” ~McLaren
As you rightly point out, the ‘just below where people will notice it’ has always been the key.
Maybe now, given more are noticing it everyday and hopefully asking more questions, people will finally understand the problem. Which as we know if just one step away from the superior solution: #bitcoin

2023-04-19 17:23:10

According to ECI (change in the hourly labor cost to employers) and "official" CPI, wages have been keeping up with inflation (BLS), albeit barely.
But we know that CPI is artificially low and that *real* inflation is much higher.
Same problem; same solution: #bitcoin https://nostr.build/i/nostr.build_d03032d9120644d83a7546ac90d055ed5c1b299a23c4ee5f9000bf37125a8a73.jpeg

2023-04-18 21:03:55

The inflation story's always the same; whether 1971-2023, this past year, or in this case, a two-year period from April 2021 to April 2023, wages aren't keeping up for the majority of Americans
To resolve this, people can simply save in the best savings tool in history: #bitcoin https://nostr.build/i/nostr.build_05eee5546793b380738c33561ef2b260415c9447ab47f10a6578055b311870f9.jpeg https://nostr.build/i/nostr.build_243a257c9721a5fee370c01f550dfc7e0e52f989f278f9a5cba5ec2ee0d30ee2.jpeg

2023-04-17 15:19:49

#[0] for ur NYT collection if useful 🤝🧡
https://nostr.build/i/nostr.build_3db50aa6d50a2b6c15ffeb9742c15d12c915cc304e49166bdff198f96ce20052.jpeg

2023-04-15 17:12:43

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I totally hear u and know from experience growing up as well what ur talking about. It’s not a magic bullet obviously.
That said, I’ve done a deep dive on whether or not those below poverty both in the US and in less developed countries save money. The answer in both is that yes, some do save but of course not everyone. However the probability of saving appears to increase once barriers are removed (initiation fees, maintenance fees, etc when it concerns banks).
The other part we both know is that education is key. It takes a long time to learn that saving in bitcoin very well may be the only chance to exit poverty over time. Once people know that this method is their best bet, perhaps more will save and never sell.
In the end, not everyone will be able to. Hopefully over time more will realize this is the way and even if only thru very small amounts it’ll one day add up. I remain hopeful.
Appreciate greatly ur perspective as it’s crucial to learn as much as possible so that we can keep trying to teach to our best ability 🤝🧡