Inflation is making most people poorer! High inflation is a criminal act against humanity! Inflation is causing poverty, misery and death around the world!
The Problem - Fiat Money
Fiat money is currency that has value because a government declares it legal tender, not because it is backed by a physical commodity like gold. People accept it mainly because they trust that others and the state will accept it in exchange for goods and services. Its value is maintained through government policies like central banking, taxation, and regulation. Critically, fiat money is ultimately backed by the government's ability to enforce laws and collect taxes. Therefore fiat money is backed by the government's violence and police/military. Because its value depends only on trust and sound management, poor policy or loss of confidence can cause inflation or the collapse of the currency.
The Scam - Inflation
Inflation, mostly caused by fiat money, erodes the purchasing power of money over time, meaning that the same amount of currency buys fewer goods and services, effectively trapping individuals in a cycle of diminished financial security. This phenomenon acts like invisible chains because wages often fail to keep pace with rising prices, forcing people to work harder just to maintain their standard of living. Most of the time people are saving in fiat money and therefore, in purchasing power terms, their savings are melting like ice cubes on a hot summer day.
The Result - Poverty
Inflation is leaving people unable to buy as much with the same income, with the worst effects felt in underdeveloped countries due to weak economic structures and safety nets. Lower-income households in these nations spend most of their income on essentials like food, fuel, and housing, so price increases force them to cut back on nutrition, healthcare, and education, perpetuating poverty for generations. High and volatile inflation destabilizes economies by discouraging business investment and job creation due to uncertainty over costs and profits. It also raises borrowing costs, encourages capital flight as people seek safer currencies, and stifles overall economic growth, deepening inequality. Much of this inflation stems from preventable policy failures, such as excessive money printing to fund deficits, mismanaged exchange rates, and corruption or weak institutions. Tolerating or even causing high inflation as a government can be viewed as a moral outrage and a crime against humanity, because it disproportionately harms the vulnerable by transferring wealth to asset holders and fueling social unrest. To combat it, countries need a strong and hard money without inflation which has a fixed supply - can not be printed.
The Solution - Bitcoin
Bitcoin, a decentralized digital currency, offers a solution to inflation due to its fixed supply and resistance to central control. Unlike fiat currencies managed by governments, Bitcoin has a capped supply of 21 million coins, set by its underlying protocol, which prevents endless printing and the resulting devaluation that fuels inflation. This built-in scarcity acts as a hedge, allowing individuals to store value in an asset that isn't eroded by monetary policy mismanagement, especially in underdeveloped countries with high inflation rates. For people in these regions, Bitcoin can serve as a reliable alternative to unstable local currencies, enabling them to preserve wealth and make cross-border transactions without relying on traditional banking systems prone to corruption or instability. Its accessibility via smartphones and low-cost transfers empowers the unbanked and underbanked populations, fostering financial inclusion and reducing dependence on inflationary economies. Additionally, Bitcoin's transparent blockchain technology ensures secure and verifiable transactions, minimizing risks of fraud or arbitrary seizures that often exacerbate poverty. By providing a store of value outside government control, Bitcoin can help mitigate the widespread poverty and inequality driven by inflation, offering a pathway to economic stability and empowerment for vulnerable communities. In this way, adopting Bitcoin might counteract the "criminal" aspects of inflation by promoting fairer wealth preservation for all.
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