Kevin's Bacon on Nostr: The dollar is like a security moreso than a commodity. And I'm shorting that ...
The dollar is like a security moreso than a commodity. And I'm shorting that security. I'm #bitcoiners are some of those "speculators" that Nixon told us he was defending the dollar against.
https://youtu.be/7_Xw5tWsOQoWithin 10 years the purchasing power of the dollar halved. And as you can see, they continued to debase the currency ad infinitem. This was after already debasing it at a slower rate in the decades prior to 1971, aided by the monopoly granted to the international settlements industry for conversion of the dollar to gold, which was done in the FDR administration in the 30s.
Republican or Democrat does not matter. We do not control what they do to the dollar: they control it.
We can only choose whether to use it, hold it, get rid of it, earn in it, etc. Your choice of which money to use has far more impact on your life than your choice of who to vote for.
A large part of #Bitcoin price appreciation is just this chart. It's the dollar losing its value against all other goods.
Published at
2024-07-02 21:01:13Event JSON
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