I don’t know who said it first, but I like the quip: If prices keep falling, no one will buy anything. That’s why no one owns TVs or computers.

People always have wants and needs that whole arguement makes no sense Yes many businesses and sectors wont survive but they shouldnt either

🎯 the economists are afraid because 95% of them have payroll that comes DIRECTLY from deficit spending. Won't exist on a BTC standard

Legend

Facts! Also amazing shirt 🤣

If capitalism was taught properly people would understand that price are driven down to just above the cost of production as efficiencies are developed, which is price deflation.

Another great video ser 🫡

I think deflation would couse that average house prices would fall. And those who put their lifesavings into a houses would lose the money they invested as their houses is worth less of what they invested into it. Inflation will rise their prices and they will get more colored paperstripes when they sell. So they belive, that they will have more money as invested. The problem which they don't understand is that Inflation also increases all other prices like food ect. and steal their purchasing power. Finally they will get more for their house when they sell it, but also have to pay more on the basic needed things. This is not really a winning situation.

This is a nice thought, but this would not work for most of the population. They are so cought financially and dependent of the system that they have not a single purpose to change the way they live. Additionally humans need the social community and so they will follow the social structure which is not the individual way.

I am in the situation in which I need to lay a lot of colored paper stripes on the table to get a place where I can live with my family. My work is in my opinion well paid, but not enough to reach this goal, but I like my job and won't switch to another one. I try to collect as much as I can, but often the costs for basic needs are such as high that I can't lay some paper on side to save for this goal. When, and this is a big when some money left I buy some sats in the hope that I can give them once to my children and they would be in a better situation than I am now. There is no single solution, so it depends on the current needs of every single human how to swim through the storm. I think Bitcoin is a possible option for the future but would also focus on now. Time will tell if this was right or wrong.

This is also not a permanent situation as also the prices for energy, renovation and other house spendings grow. Elderly people who worked for their house a whole life will just get a small pension and so there will cone a time in which they can't afford the remaining costs anymore as they have to decide between grocery's or house. The decision is easy as you can't eat the house. Additionally they will get I'll and need help which also costs a mass of money so they have to sell.

Epic!! View quoted note →