This is why Bitcoin was made because of this explanation right here. ๐คท๐ฝโโ๏ธ only 21 million EVER!!!!!!!!
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When the stock market grows it's because businesses have created new value, or are seeking to create new value.
This is different than Monetary Expansion where the supply of currency can be increased regardless if new goods are created or not.
If everyone put their money into Bitcoin, and no one bought stocks, or started companies then eventually the economy would shrink because no one is creating new value, they're only trying to preserve value that already exists.
I want new value created while preserving some of the old value I've already made previously.
Closed systems always fail. Expansion can't happen, it's why they moved off the gold standard.
It's also why empires failed in the past.
always good to learn from history.
In fact, the USA is what it is today because of moving off the gold standard, it's growth since the 70's is exponentially higher than before, and that's not attributable to technology companies, it's actually the debt that funded ideas and start ups.
If it remained on the standard, it wouldn't be where it is today
Yes.
Also, we're not saying don't buy Bitcoin or hold it, what we are saying is use all the vehicles you have available to drive your wealth.
What growth in America. Nothing is made here. 37 trillion in debt. Thats not growth.
Usary is not good.
Usury is bad but we have global satellite systems, portable communication systems, high speed internet, higher quality, and shelf stable foods, fuel efficient vehicles, Air Conditioners, instant communication, cameras, compasses, calculators.
Modern life is amazing, unfortunately many have taken it for granted.
Our poorest person is better off than the richest person 100 years ago.
I would say the main things that make modern society suck somewhat are low wages, rungs on the ecoomic ladder being removed, and excessive consumer debt, and college debt.
But if we can fix, or improve those things then everything else overall is better from an economic standpoint.
Social issues are irrelevant to the point even if indirectly caused by fiat systems but that's for another debate.
But where is it? For the last 30 years life quality in the US is in decline.