The US Dollar financial system is a PONZI SCHEME
Most people think holding dollars and US Treasuries is risk-free, but it's NOT
Here's why:
(THREAD 👇)
Most people think holding dollars and US Treasuries is risk-free, but it's NOT
Here's why:
(THREAD 👇)
The United States is currently in debt to investors and other governments for a total of ALMOST 36 TRILLION DOLLARS.
At the same time, you are never taught how to buy assets and exit the US Dollar system.
This is NOT a coincidence.
At the same time, you are never taught how to buy assets and exit the US Dollar system.
This is NOT a coincidence.
Taken from the Securities Exchange Commission website:
"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk."
"A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk."
US Treasuries are marketed as providing a "risk free" return if you buy them.
Savings in any currency or government bonds are only "risk free" if you don't understand what's actually happening to your money!
Savings in any currency or government bonds are only "risk free" if you don't understand what's actually happening to your money!
When you buy treasuries, you are giving your money away, and expecting an interest rate that doesn't match inflation.
In the future, you receive a lump sum of devalued dollars, with tiny interest payments on the way.
In the future, you receive a lump sum of devalued dollars, with tiny interest payments on the way.
Consider this: A $20 bill would have bought a lot more food 100 years ago, than it does today.
Why?
Your BUYING POWER (what you can buy with your money) went down.
Fun Fact: The buying power of the US Dollar has DROPPED 99% IN THE LAST 100 YEARS.
Why?
Your BUYING POWER (what you can buy with your money) went down.
Fun Fact: The buying power of the US Dollar has DROPPED 99% IN THE LAST 100 YEARS.
Buying power doesn't just disappear... so where does it go?
It moves to someone else.
Buying power was TAKEN from anyone holding on to that $20 bill over those 100 years and GIVEN to anyone that borrowed more money.
It moves to someone else.
Buying power was TAKEN from anyone holding on to that $20 bill over those 100 years and GIVEN to anyone that borrowed more money.
Example 1:
Whenever you buy something on credit, YOU ARE TAKING A LOAN FROM YOUR FUTURE SELF. It must be paid back at some point.
Credit cards, mortgages, and car loans are all NEWLY ISSUED money.
When new money is issued, money that was previously issued loses value.
Whenever you buy something on credit, YOU ARE TAKING A LOAN FROM YOUR FUTURE SELF. It must be paid back at some point.
Credit cards, mortgages, and car loans are all NEWLY ISSUED money.
When new money is issued, money that was previously issued loses value.
Example 2:
Governments are constantly passing new bills and increasing budgets. This money is "created" and added to bank accounts.
Ironically, an "inflation reduction" bill was passed. It added $50 billion NEW US DOLLARS TO THE SYSTEM.
Again: new dollars devalue old dollars.
Governments are constantly passing new bills and increasing budgets. This money is "created" and added to bank accounts.
Ironically, an "inflation reduction" bill was passed. It added $50 billion NEW US DOLLARS TO THE SYSTEM.
Again: new dollars devalue old dollars.
If, after reading all of that, you think the US Dollar financial system is a Ponzi scheme, your goal should be to purchase assets outside of the US dollar financial system.
The best one?
#BITCOIN.
Learn how it works. Invest based on what you learn.
The best one?
#BITCOIN.
Learn how it works. Invest based on what you learn.
Historically, fiat systems lead to accelerating rates of inflation (think 50%+/year) until they collapse.
When a system collapses, the value of any debt would be next to $0 (in real terms), while prices of assets denominated in that currency skyrocket (because of scarcity).
When a system collapses, the value of any debt would be next to $0 (in real terms), while prices of assets denominated in that currency skyrocket (because of scarcity).
Fun fact: fiat currency systems have historically had trouble after ~50 years.
And it's been ~50 years since the US Dollar became a fiat currency.
And it's been ~50 years since the US Dollar became a fiat currency.
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