Topic: Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble - page 2. (Read 1535 times)

"A dollar in 1950 is worth a dollar today."Man, go read some books about economics and check for the term
"inflation".A dollar back in 1950 ISN`T worth a dollar now because of the inflation.
The currency does not devalue accets,the central bank devalues the currency by printing more and more paper money and the accet prices in dollars increase.
Bitcoin is better than paper money because the  supply of new bitcoins is reduced.

The banks have not learned from the Fractional Reserve banking crisis that we had, which nearly caused a global economic collapse, but were temporarily stalled by dumping massive amounts of tax payers money into it. The practice of manipulation of currencies and the printing of "toilet paper" money is destroying the world economy.

The next crisis is just around the corner and this time tax payers money will not be enough to stop it. ^grrrrrrrr^

when you tell people "the dollar has lost 95% of its purchasing power in just over 100years; a nickle in 1915 buys what a dollar does today" ... some people ... get it and other folks are still blind as hell by the worlds largest ponzi scheme.
What we need is for people to wake up and see that simple truth instead of following blindly this chaotic, controlling, devaluating legalized form of slavery!
This will happen once whole system blows outta proportion into a hyperinflation or the US decides to fault on its debts, until then the sheep will continue to follow blind and feel safe.

=)

I see.

You are arguing and convincing me that fiat cash devalues over time. Thank you for making it clear.

Can you point to me 1 person who 10 years ago put all their money into "fiat cash" and put it, say, under the bed.

Nobody does that. Why? Because a currency is not an investment. A currency is what you pay for things with and is what things are priced in.

Nobody holds cash as an investment. They hold:

- stocks
- bonds
- real estate
- cars
- boats
- fine art
- airplanes
- LLC stakes
- loans
- etc.

None of those are fiat cash. In fact, many people borrow "fiat cash" and buy assets so they are net negative (short) fiat cash. They have a mortgage on a house they need to pay off over time. They are negative "fiat cash"

So, the whole premise of what you are talking about is completely wrong. Nobody "saves fiat cash". Even a bank deposit isn't "fiat cash" as fiat cash has a zero return. It is always worth the same. A dollar is worth a dollar.

Nobody today is getting a paycheck from 20 years ago. They are getting a paycheck today. Paychecks have not been "devalued".

In 1950, the median American family income was $3,216

In 2016, the median American family income was $56, 516

A dollar is not an investment. A dollar is a dollar. A dollar in 1950 is worth 1 dollar today. No change.

Things in the U.S. are priced in dollars, that's why we say the dollar is the currency of the U.S.

Nobody holds dollars as an investment. People hold stocks, bonds, real estate, art, cars, etc. as investments. Those are PRICED in dollars. They are not dollars. That is the difference between a currency and an asset.

A currency does not "devalue" assets. A currency is what assets are priced in.

A bank deposit is not a dollar. A bank deposit is a loan to a bank. You get paid interest for putting money in a bank unless you don't because you have such a small amount of money that the bank's overhead is too much for them to pay you interest. Fixed income is not "devalued" over time, it pays interest over time. Whether you choose to reinvest that or not is up to you.

Thanks, appreciate your post. But then you sorta get confusing later...


Care to provide any decade IN THE LAST 70 YEARS with data where fiat wasn't devalued?

Its pretty clear that fiat devalues over time, for example:
the fiat from cash savings 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from cash savings 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

100 percent with you there, one of the many reasons people invest in bitcoin is because it is decentralised and it gives you freedom the buy pretty much anything. If your currency dies the next day, bitcoin won't. One of the reasons why people invest in bitcoin and gold.

Although your statement with cash savings, fixed incomes, and paycheques seems the be widely correct and they definitely don't become devalued over time, unless the country;s currency goes through some inflation, which may make their currency less valued

LOL nice joke.

Its obvious as time goes on all of those have devalued. Just so others understand your joke:

the fiat from paycheck 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from paycheck 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from cash savings 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from cash savings 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from fixed income (ie social security check or fixed pension payment) 10 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

the fiat from fixed income (ie social security check or fixed pension payment) 20 years ago buys today less (good) higher education, less rent (or purchase) of desirable real estate, less high-skilled labor for a new business, less good healthcare/hospital costs = DEVALUED

Thank you though.

Such an incredibly stupid statement I wouldn't even know where to start.

How about this:

- paychecks have not been "devalued" over time
- cash savings has not been "devalued" over time
- fixed incomes have not been "devalued" over time

I guess that's a start.

As a hedge, Bitcoin can be preforming the task well. Now, we all know that Bitcoin right now is experiencing some convulsion as it is scheduled to perform some maintenance solution soon. When things get settled after August 1, we can expect it to soar back and takes it rightful place in the international financial arena.

However, we should remember that Bitcoin is still a very young type of asset (or currency as many would insist) and it is in fact still evolving. It remains to be seen how this cryptocurrency can behave during the time of global financial crisis. I am not an expert but many are predicting that on times of difficulties Bitcoin can be the digital gold...a safe haven.

Towards the end of this decade, we can be experiencing some sort of economic calm with only isolated economic wringing from time to time. What can happen in the next decade may something that can test Bitcoin.

Of course!

We don't even have to agree with your point of view here to agree with you. People invest in currencies for the exact purpose of providing a hedge against currency risk, political risk, country risk, and to serve as diversification among a broader portfolio.

Bitcoin: A Hedge Against The $152 Trillion Ponzi Debt Bubble

Article: https://cryptohustle.com/bitcoin-a-hedge-against-the-152-trillion-ponzi-debt-bubble

Global fiat issuance of currencies in the form of banknotes as well as credit has been devaluing the wealth of cash savings, fixed incomes, and paychecks.

Excerpt from article:
...
"...According to Bill Gross, a billionaire bond manager, Bitcoin has the potential to counter central banks.

Many people within the legacy system are critical of negative interest rates and quantitative easing, yet the fundamental problems are rooted at a much deeper level. The entire economic credit structure operates like a convoluted Ponzi scheme, and requires an overhaul from the ground up. 
The Fractional Reserve Ponzi Scheme

The history of banking goes all the way back to goldsmiths who issued out receipts for physical gold stored in their vaults. The gold was kept secure and the receipts were traded as the first paper notes.
..."
[continues on]