zach - Nostr Hypermedia

#plebchain #bitcoin #nostr #grownostr #asknostr A Fast Death in Inflationary Times: Part 2 (of 3) As the 2008 financial crisis unfolded, the government made a fateful decision, albeit one that only took what was already happening to an exponential level, resulting in what we see today. This decision was to bail out the banks, via Quantitative Easing, and socializing this cost to the taxpayers. You and me. Fast forward to present day, and the US government is on track to add $2 trillion dollars to the deficit just this year alone. To pay this back, it would not only require the government to balance its budget, but to actually create a surplus and allocate said surplus to deficit reduction (see the previous sentence, not happening). In addition, long term liabilities have built in a structural deficit for many decades to come. Do you see it yet? I’ll make it a little easier to understand and keep it mild. We’re fucked. And, adding insult to injury, it’s important to highlight that every new dollar printed continues to add to the Cantillion effect, basically meaning the rich get richer and the poor get poorer. Inflation is socialism that benefits the rich. We need a way out. And, as Jeff Booth would say, you can’t escape a system by looking within it. Where to turn? Bitcoin.