My parents came to Canada as young adults. One on a plane, one on a boat.
They met here and had two kids, myself and my brother Nick.
I don't exist without this country, so being grateful for this place, at that moment in time, is an understatement.
Canada offered a lot, no doubt, that's why our parent's came.
They worked hard, payed taxes, payed off debt and managed to save some.
Their savings represented the efforts of their time and their labour.
But those savings were not respected by the monetary system.
The Canadian government, the Bank of Canada and the Canadian commercial banks actively stole their purchasing power by debasing the value of the Canadian dollar.
These entities worked in tandem to create more and more and more dollars ... as a result my parent's savings have constantly been debased and lost value.
More dollars created = decreased value of existing dollars.
This continues to this day. And it's done in the name of an "elastic currency supply" that is required for "economic growth".
It's actually pure theft of my parent's labour, their time and their saved purchasing power.
It's theft of my savings and of my purchasing power.
It's theft of my family's savings.
This theft is masked with talk of productivity gains and building roads and hospitals. Sometimes it's even applauded with misguided cheers of "it's the right thing to do for society".
You're told to "invest" to protect your savings. First you work, then you work again to protect what you worked for.
The system has gotten so out of control very few remember a time when a "savings account" at the bank actually meant anything.
Why does a "savings" button even exist on bank machines any more?
The button might as well read "income property" or "S&P 500" or "any asset other than fiat dollars".
We don't need an expanding, elastic money supply ... this actually prevents the vast majority of productivity gains from reaching the population.
Any talk of the government "saving" for important things is quickly dismissed. Why save when you can debase? It's easier. "Print baby, print."
The Bank of Canada is sometimes hailed as "saving the economy during recessions".
The second order effects of their actions or what these actions facilitate are rarely, if ever, discussed by politicians, in academia, or in the media.
When you point this out critics will call out the Canadian commercial banks as the ones created the problem when they create dollars out of thin air (signing for a new mortgage, car loan, credit line ... heck, making a credit card purchase ... and you're creating new fiat dollars out of thin air).
The government and Bank of Canada get a free pass.
It's an impressive display of misdirection ... missing the forest for the trees.
Inflation is theft, pure and simple. it's not only debasing the currency it's debasing the quality of life, it's silently ripping apart the fabric of Canadian society.
It's destroying the middle class. People work more and more and manage to save less and less.
The Bank of Canada refers to inflation as "decline in the value of money" directly on their website.
Instead of discussing this specific point, politicians and the media instead are surprised (act surprised?) when property prices go up, when grocery prices go up and when the standard of living goes down.
The Bank of Canada is literally telling everyone it is actively decreasing the value of the dollars. To repeat ... it's literally their stated goal.
Real estate and food and rent is not going up in value ... it's the same ... it's the value of our fiat dollars that are changing so you need more of them to buy the same things.
Unfortunately the masses will vote for more of the same, they'll vote for UBI, they'll vote for lower interest rates, they'll vote for more spending via more debasement and more theft. Academia will mostly concur.
But now, by some miracle, if some of us choose to exit this silent, never-ending robbery we can.
#Bitcoin is like a super hero who arrived on the scene for those ready to see it.
A finite supply. An open, honest ledger. Permissionless participation, a global monetary network.
No one can debase it. It's the purest saving technology we've ever seen. The banks can't create more of it out of thin air. It's here to protect and serve.
Now our time and our labour can be stored, it can be respected and it can "go up" in value relative to goods and services instead of going down.
The productively gains that we all have worked for can be reflected in our chosen money.
Thank goodness for #Bitcoin .
My time and my family's time ... my labour and my family's labour ... can finally be stored and saved in a simple manner.
We can create financial peace of mind.
We can save for the future without gambling or speculating.
We can focus on making the world great instead of worrying about navigating retirement and higher prices.
We can free ourselves from the madness of debasement, the theft of inflation and focus on what matters: family, relationships, finding a purpose, having a mission, helping our community, deep learning, good food, great health, enjoying hobbies and having good laughs.
We can plan and play for the long term.
Personally, I believe we may be at humanity's inflection point.
It's beautiful.
Great change may be ahead.
The future is bright. #Bitcoin for the win.
I'm a #Bitcoin maxi for life.
