What is the ultimate form of "Money"
Money is something that has been purposefully confused in this day and age. The criminal always say's "give me the money" and we hand over wads of cash. If you follow my blog you know I do not view fiat currency (paper) as 'money'. Money must have certain properties. Obviously we can exchange currency for different assets but quickly we will see why cash is not money.
source:
https://money.visualcapitalist.com/infographic-the-properties-of-money/
I stole this infographic which pretty much covers the A.B.C of money. As we can all fiat currencies are missing some crucial aspects of what money should be. Inflation is killing the value of all fiat currencies and is no longer a store of value. Fiat currencies tied to commodities might have more value but when central banks continue to print we can see how convoluted all currencies are.
Why I love #gold? Gold has all of the above qualities. Gold has a trading pair for every fiat currency in existence today. Could we say the same thing about #Bitcoin?
So make sure you get yourself a true store of value. Cryptocurrencies are not a store of value. The fluctuations alone in crypto show this. There are zero counter party risks with gold and silver. I think I will be heading out this week to exchange more fiat for the shiney stuff (including silver).
Remember we really do have gangsters running central banks. They create weights and measures that are dishonest. They reward their friends even when they fail, and they view human beings as slaves.
"The Inflation Reduction Act would double IRS agents and audits — but the superrich aren’t the real targets"
The IRS seem like gangster collection agents. Every citizen is viewed as a serf and the gangsters "protecting" you have their own representation. Well of course there are some scrupulous actors dodging what they 'owe', but then again when we didn't vote for spending, salary increases in the government etc.. we know the answer.
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The best way to counter inflation is to own gold and silver because they are tangible things of value recognized during crises. But for digital currencies, the decentralization feature is very important at the present time.
Paper currencies have become random and have nothing to do with the stock of wealth. Banks are printing whatever they want from them. They really look at humans like slaves.
They are adding like 80,000 more agents, what a crap show. Some will be armed too, time to cowboy up! LOL
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