Inflation Saga
LESSON #3: Inflation Saga
Inflation is the worst form of TAX. I call it TAX because the Gov. prints money instead of increasing the TAX to avoid losing popularity - political agendas, funny right?
Central banks change the basket of inflation goods often to show as least as possible. US gov. says inflation is around 7% now but actual inflation with the old basket is around 19% now.. many who claim to know inflation, don’t even know the oldest trick in the book.
I'm demonstrating an average 15% a year and it makes a $100,000 income of yours into $14,765.58 after tax or the stuff you can buy with $14,765.58 now, you will have to spend $75,000 10 years later.
You can't save your ass with debt base assets no matter what. Only Crypto can save you. Gold looks like shi* comparing Bitcoin
If you want to hold the money for your old age you don't have an option but Bitcoin (or a rock-solid Crypto).
You’re in someone else’s game, and you’re not supposed to win. I try to help, but can’t help you all. 🧙🏾♂️