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26406927

Why we need crypto Anonymous Sat Jan 23 06:09:27 2021 No.26406927 [Reply] [Original]

You see this chart /biz/?

This chart is THE REASON why BTC is mooning right now. This chart shows you why people need an alternative to fiat.

So what is it? This chart is the 'M2 chart'. It shows you how much money the FED has printed in the past couple of decades (and yes this relates to burgers, but you could find the same kind of chart for europeans).

And here is what happens:
More money is printed -> tangible/scarce resources become more valuable (you know, that thing that mostly the rich own) & your everyday goods + your little savings account + your salary become less valuable (you know that thing that the bottom 90% depends on).

And at what rate is this happening? Well just look at the fucking chart. In the past 20 years the US goverment has increased the amount of money 400 FUCKING PERCENT! Meaning that thanks to those fuckers most people are 4x worse off.

BUT luckily most wagecuck plebs don't understand this. Meaning politicians get to pretend that everything is going just fine, the rich become richer, and the poor become even more KEKED.

Most of what you read on here is just noise. Some of it is useful, but a lot of it is just a distraction from what really matters. And what matters is that WE NEED CRYPTO. We need crypto to stop the people who already have MUCH MORE THAN THEY WOULD EVER NEED, from corrupting our societies like the self-enrichting cancerous tumors that they are.

>>	Anonymous Sat Jan 23 06:10:45 2021 No.26406958 >>26406927 Nice wholesome post good job

>>	Anonymous Sat Jan 23 06:11:13 2021 No.26406971 >>26406927 come back when u can buy a loaf of bread with btc

>>

Anonymous Sat Jan 23 06:12:49 2021 No.26407016

Oh and just to put things into a bit more perspective:

In 2020 the fed printed 3.5 TRILLION dollars. Which is roughly 20k USD per working American. Now has the working American suddenly become much more wealthy? No. Ofcourse not. But who have become extravagantly more wealthy? Bezos, Musk, etc

>>	Anonymous Sat Jan 23 06:16:20 2021 No.26407096 >>26406971 >carbs ngmi

>>	Anonymous Sat Jan 23 06:23:24 2021 No.26407262 >>26406927 But.... the rich can buy crypto and already own most of it. What's your point? How much can wagecucks buy? How?

>>	Anonymous Sat Jan 23 06:31:18 2021 No.26407429 >>26407262 Sure, crypto doesn't discriminate. Rich people can profit as well. But it helps to level the playing field. Because it is decentralized, it is MUCH HARDER, for a small group of powerful individuals to corrupt the game.

>>	Anonymous Sat Jan 23 06:34:35 2021 No.26407498 >>26406927 Didn’t Biden say he’s going to print 1.9 trillion dollars this weekend?

>>	Anonymous Sat Jan 23 06:34:48 2021 No.26407505 >>26407429 I guess we need salaries to be paid in crypto

>>	Anonymous Sat Jan 23 06:37:31 2021 No.26407557 >>26407429 Based and underrated

>>	Anonymous Sat Jan 23 06:43:58 2021 No.26407698 >>26407498 Absolutely insane. But yes it basically the politicians cheat code to easily tax the bottom 90% an insane amount of money in 1 year. And in the end 99% of that money ends up in the hands of billionaires.

>>	Anonymous Sat Jan 23 06:46:05 2021 No.26407744 >>26406927 Bitcoin has a serious future security problem How are miners going to keep up the hashrate when block rewards go way down? $10k tx fees?

>>	Anonymous Sat Jan 23 06:46:25 2021 No.26407749 >>26406927 >THE REASON why BTC is mooning right It's not mooning dumb ass

>>	Anonymous Sat Jan 23 06:47:08 2021 No.26407769 File: 3.41 MB, 2398x2888, currency.png [View same] [iqdb] [saucenao] [google] >>26407698

>>	Anonymous Sat Jan 23 06:49:35 2021 No.26407812 File: 34 KB, 326x294, 2gpygg.jpg [View same] [iqdb] [saucenao] [google] >>26407749 >price not go up in last 2 seconds therefor bear market

>>

Anonymous Sat Jan 23 06:55:30 2021 No.26407950

>>26407698
Since they started doing QE 10-12 years ago they’ve needed a bigger a bigger amount of fiat printed to keep everything afloat, it’s going to get so much worse. I don’t believe anymore though that it will just collapse all they are doing is adding zeros upon zeros they can do this until everyone is penniless and the rich own everything

>>	Anonymous Sat Jan 23 06:59:24 2021 No.26408034 >>26407950 If you only knew how bad things truly are https://fred.stlouisfed.org/series/MBM0UKM

>>

Anonymous Sat Jan 23 07:01:27 2021 No.26408071

>>26407769

Interesting posts, thanks. What adds to this dystopia is that we've become incredibly dependant on one another. Where people used to be somewhat self-sufficient, people nowadays are only a small specialized cog in a large complex system, completely unable to take care of themselves, completely unable to reject the system.

>>	Anonymous Sat Jan 23 07:07:27 2021 No.26408200 >>26408034 holy fuck

>>	Anonymous Sat Jan 23 07:39:30 2021 No.26408946 >>26407769 great thread, great post

>>

Anonymous Sat Jan 23 08:07:48 2021 No.26409661
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>>26406927
>In the past 20 years the US goverment has increased the amount of money 400 FUCKING PERCENT!

You’re close but you miss the mark, anon.
The banks own the Federal Reserve. The banks counterfeit most of the money and loan it with interest. Think about how that doesn’t work and you need to keep printing an exponential amount.