The best (unintended) commercial for storing wealth here...
This is why we don't play THEIR game....
HEADS-UP:
The 1 min, 42 sec clip below is NOT a Monty Python skit. I repeat, it isn’t fake or make believe!
Instead, in the words of Scott Melker (@thewolfden), it shoud be…
Terrifying!
This [Jared Bernstein] is the Chair of the Council of Economic Advisers, the agency providing the President with economic advice on domestic and international economic policy.
[He] has no idea WTF he is talking about.
Watch, listen closely, and then take a few aspirins, so your head doesn’t hurt. 👇
On the heels of Friday’s admonishment, by your friendly (but stern) Grizzly bear, I think it is fair to say… it doesn’t take a rocket scientist to understand that our fiat monetary system is… run by people put into positions of office, where said office is convoluted and dying.
In other words….
Does anyone, including appointed officials like Mr. Bernstein, really understand the rationale of current monetary policy? — i.e., Borrow money—> print money —> lend money —> inflate money—> Ad infinitum.
But, with clips like the one above (from the new documentary Finding the Money), it’s as if a mass awakening is occurring right before our (now) clear eyes, once collectively tainted by the dark spirit and promise of printing to infinity!
Oh, yes, Dear People of our governance… we are not operationally constrained by revenues when it comes to federal spending, as we can always create the necessary money.
A quick baton toss over to Chris Irons (aka
):"Not only does the public understand that rising prices aren’t necessarily a good thing, they also understand that the value of money they have saved decreases as a result of inflation, which disincentivizes people to save in the first place.
This is part of what fuels our asinine economy based on spending at all costs, instead of saving and underconsumption. Inflation is, in essence, a silent tax that, in secret works cloaked by the dark machinery of the night, eating away at the purchasing power of those who don’t understand it.
It is the centerpiece of modern monetary theory and modern Keynesian thought, which is generally the idea that central banks should manage economies and markets to reduce volatility.
Now, to help keep edifying my constant shouts to dollar-cost averaging into Bitcoin and hold your private keys on a hardware wallet, back to Scott Melker (@thewolfden):
This is why we're playing a different game…Bitcoin.
For your sake, I hope you see the warning signs and start safeguarding yourself against an inevitable collapse. I'm not a doomsdayer who believes the end is near, but I do think we're heading for a crash. My good friend Dave Weisberger makes a good point regarding this below.
Don’t play their game.
The tower can only grow so large before tumbling down.
Opt out. Choose Bitcoin.
By the way, this chart says it all:
In short…
As asset prices (example above, a house) go up in fiat value, they decrease in Bitcoin value.
REMEMBER: Bitcoin can't be diluted, debased, or created at the click of a button. And, to the extent that it continues to be decentralized and secure, BTC is… indefinite globally-portable liquid money.
And/or click the little 🤍 Like icon on the bottom-left. It will help “spark” the Substack algorithm, and give others on the platform a greater chance to see, and scare themselves, with my grizzly ways. ;)
Bernstein is an idiot. Just a puppet for the current government in place.