@scottcbusiness
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You Are Losing Money - But You Can Stop It!
23.6% of all US dollars were created in the last year. This is a recipe for an economic collapse. You are losing the value of your money at a higher rate than you ever have before. So, what’s the solution? https://lbry.tv/@ScottCBusiness:4/inflation:f This affects everyone regardless if you live in the US or not. The only way to counteract this is your fiat currency into something that is appreciating in value or at least not losing value. This is one article that looks at US money supply over the last year: https://www.thestreet.com/mishtalk/economics/23-6-of-all-us-dollars-were-created-in-the-last-year This is another link: https://tradingeconomics.com/united-states/money-supply-m2 This is the official data: https://www.federalreserve.gov/releases/h6/current/default.htm This is the real-time value: https://www.tradingview.com/symbols/FRED-M2/ Consider this. You work for 40 hours a week for $1000. Then when you get your paycheck, you see that you only received $764. You question what happened, but you are told this is how it has to be. You look at other jobs and realize that this has happened to everyone. You are given a raise of 5% for all your hard work and yet somehow you are still only making 81.40% of what you were supposed to earn. This isn’t even taking into account taxes, but this is one way to visualize what’s happening to your income, wealth, and everything you own due to hyperinflation. This hasn’t been fully realized yet, but about 10% has. This will continue to get worse and the only defense is investing in assets. The problem is we can’t see it in this context, and this is only one year… this will continue. You end up fighting a zero-sum game of trying to beat inflation. This chart lets you see how the USD has performed over a given period of time. I look at the 1 year chart: https://tradingeconomics.com/united-states/currency. This is a visualization of the loss of buying power for the USD over the past 100 years: https://howmuch.net/articles/rise-and-fall-dollar. Whether you decide to invest in real estate, gold, bitcoin, stocks or otherwise. You need to action into securing your finance before it’s too late. Now I will say that the stock market may also collapse with the economy, but gold and bitcoin are solid assets. Real estate may be volatile too, but it will always have value. What are your thoughts on all of this? What are you investing in? Do you think the economy is sustainable? Are we headed for an economic collapse? Let me know in the comments below and don’t forget to like, share, and subscribe as well!
15 comments
Some were talking about society without the money before. Not sure how it can work except several not good at all options. But if basic needs are fulfilled - freedom, food, medical service, no idea what can be possible. There are experiments with basic invome. Bitcoin can hardly help in my view, maybe one can by one pizza 🍕 with it
Investing in crypto and gold are ways to keep the value of your money and increase it over time as fiat declines
It is in some cases. Interesting question is how gold declined in a value since years. One gold ring could be enough to live for some time in many countries, maybe valued in several months if salary. but is it the same value now? There is no need to wear gold, it is no more used in stomatology, or not to such extend. If depends on a country but value of gold does not remain same I guess. If government prohibits bitcoin, how one gets it out if blockchain, exchange etc. Who will buy it?
This is a good method Because I earn as much as I do on platforms like "read.cash" I can only get 70% to 75% of it. More profit can be made by participating in it which I understand now. The money you earn can be maximized by investing, rather than using it in its entirety.
Bitcoin cash is a fairly decent investment
Yes, you are right Sir, I also think BCH is better. And thanks For the reply :)
I started writing a comment to your article and ended up writing a response article. 😁 Here are my thoughts on this topic. And my strategy for the future. https://read.cash/@MoreGainStrategies/why-stable-coins-are-not-a-good-store-of-value-in-the-long-run-76e0e7e5
Great information and advices Scott. Thanks for sharing this with us
That is really true, but they always said invest what you can afford to lose. Everything has a risk.
But now we are at the point where if you don't invest you will lose more than if you didn't anyway
Curious question: Right now I actually have started receiving stablecoins that is pegged under USD (like RealT) and transferring to DeFi projects to roll it. If the stablecoins that are pegged with real life fiat, and DeFi is still actually giving like 8-10% average interest returns, which one would you choose, having a lower DeFi returns in the volatile crypto, or a higher DeFi returns under the "stable coins" pegged with the fiat world? My intension right now is rolling till hitting the first USD100 worth of stablecoins and then swap it to maincoins like BTC / ETH to the cold storage for HODLing. Would that be a good move?
I'm personally going to get out of most stablecoins since they are pegged to USD which is going down. Best to hold BTC & ETH
GOOd observation
good !!
This is so very true. Told people around me holding USD and other fiat to do something about it. I linked your video to them.