Hey Everyone, Jake here. Let’s get right to it.
Today I want to talk about something that should be on everyone’s minds, inflation, and how poor economic policy is robbing you blind.
Our economic policy, our constant money printing, is simply unsustainable and impossible to pay back. The United States is currently $29.7T in debt. To put that into perspective, in the year 2000 we were only $5T in debt.
But before we get to how the government treats money like a spoiled teenager, check out $WATERFALL. This was on our watchlist, though I got in a little late.
I Buy Bitcoin: I Take My Power Back
Honestly, the easiest way to protect from inflation, work against a corrupt system purposefully designed to fail and impoverish the planet is simple.
Let’s talk about bitcoin.
It’s a peaceful monetary revolution disguised as a get-rich-quick scheme, and no one can stop it.
The federal reserve is not a true federal entity, and they have no reserves. It’s a house of cards.
Money is printed out of thin air through treasury bonds. We keep printing, and printing, and printing, thinking there are no consequences to our actions.
It keeps me up at night, and it’s the main reason I’m here speaking to you today.
The scariest part is, the United States Dollar is the world’s reserve currency and purchasing power is falling like a sack of potatoes.
Over 40% of all US Dollars in existence have been printed since COVID-19, and they want to say inflation is only around 6.8% annually? I’m calling bullshit.
How can inflation be only around 6.8%, if 40% of all money circulation has been printed since COVID-19? It just doesn’t add up.
To quote a favorite author of mine, Mark Twain, “There are three kinds of lies: lies, damned lies, and statistics”.
Earning Digital Assets Passively With Block-Fi
CoNgrAtuLation You’Re EaRning .05% On yOur SaVinGs acCouNt!!- Wells Fargo
This is your bank when they say your interest rate to your savings account increased from .01% to .05%…
Let’s talk about Blockfi.
Blockfi is an exchange network that allows you to earn interest on your digital assets and stable coins.
Imagine a savings account that earns you even close to that much. That’s an easy win against inflation. I highlight the importance of services like this daily on my Master Club stream.
This method of beating inflation is not nearly as secure as just buying bitcoin and putting it on a cold storage wallet. However, there are ways to amp your own security.
Make sure on any account you have digital assets on you’re using Two Factor Authentication! I cannot highlight the importance of this enough. The last thing you or I want is for someone to hack your account, scam you, or get you into a rug pull.
Mindset is everything..
Stackin’ sats (short for satoshis, the smallest measurement of bitcoin) as we call it, is the primary reason I buy any other asset besides bitcoin directly.
All of these other digital assets to me are simply tech plays to acquire more bitcoin.
There’s not much we can do to stop the purposefully designed failure of the global reserve currency; the USD. We can however, simply opt-out, by truly owning bitcoin.
The purchasing power of the dollar has been in decline for the past 100 years, lately it’s nose dived. The purchasing power of bitcoin has been up since its inception and it gets stronger every new block in the chain.
Inflation is here to stay, just the same as blockchain and digital assets are.
I truly believe that this sector that everyone is calling a “fad” is going to overtake the global economic system. Hell, the people that own the global economic system are telling you the same damn thing.
This “fad” isn’t going away. They said the same thing about the internet, and I’m sure the horse and buggy industry said the same thing about the automobile.
We’re shifting our entire economic system from “trust in the institution” to cryptographic truth. This truly is just the beginning stages of an economic tsunami.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”