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the dollar lost 90% of its purchasing power since 1913 and in the last 5 years it has been printed to oblivion, it is clear it will fail the same way as all the other paper currencies have failed in human history,
but hey, don't worry, im sure its different this time...
Another chunk of terrible logic.
Yes, the dollar buys less than it did in 1913.
To compensate for that, the average income has risen from $740 per year.
Things I have to explain...
what about people's savings? they lost 90% of their purchasing power.
the average income did not rise as fast as inflation, not nominally and sure as hell not after taxes.
Money is not mattress stuffing. You want savings, by bonds or invest. Or simply buy stuff that has real value.
Anyhow, this is all purely academic. If you have "invested" in BTC this year, you have fared substantially worse than the rubes who kept their savings in USD.
Way worse.
bonds are a loan and like any loan carries a counter party risk, investing also carries a risk.
buying real stuff that can't just be diluted out of thin air is good for saving.
how about we just make that money instead of some papers? that way whenever i don't want to invest and just want to save my purchasing power for later use i can just hold my money without having my purchasing power arbitrarily robbed by a bank...
Modern money is an awful long-term store of value, that's how and why it works.
I know the anal retentive in you is jonesing to hoard stuff, but hoarding money is not only amoral, it's [fortunately] also stupid.
As stupid as hoarding steaks or delicious caek--why not complain about that?
*You're not being "robbed by a bank," unless you mean Bitcoin banks like Neo Bee etc., etc., in which case: I told you you would be.
if money was not created out of thin air like it is today,
why would hoarding (saving) it be stupid, suppose i want to buy something expensive, whats wrong with saving my money for a few years until i can buy it.
what if i want to save for retirement but i want to take as little risk as possible and so would prefer not to invest or loan my money but just hoard (save) it until i retire, why is that stupid and who are you or anyone else to dictate to people what risks they should take with their money.
every time a bank grants a loan it creates money out of thin air and loans it with interest to someone, that new money dilutes the purchasing power of everyone else.
by doing that the bank essentially robbed the rest of the population of its purchasing power, the result is no different than robbing everyone at the point of a gun out of a fraction of their money.
That's like learning history from stormfront.org 
