Hey SatsMate Crew,
In today's podcast, I aim to explore when money dies in the 21st century. As many of us know, money over extended periods tends to be debased and loses purchasing power. It happens so slowly that often it is hard to tell, but it happens.
What is unfortunate about monetary debasement is that it happens slowly and impacts those who are the poorest of us - those who don't hold hard assets. The interesting thing about all this, is many of us just go into debt, live paycheck to paycheck, and accept this as the reality of the situation.
In today's podcast I go over monetary debasement over time and ways I go to protect myself:
- The current book I'm reading called When Money Dies (link below/non-referral)
- Discuss my Uber driver's story solo v family
- 6 Figure earners living paycheck to paycheck
- Periods of calm and bust with inflation
- Politicians redirecting blame from FED/Government to businesses
- The lie of 4% inflation per year and the reality of where inflation sits
- The reality of the problem and where its at instead of price gouging
Overall, most currencies around the world have died throughout history, and while some do last longer than others - the story always remains the same. They always will eventually trend towards $0 against hard assets in the medium and long term, while concurrently giving the illusion of stability in the short term.
I hope everyone enjoyed this! What do you think about money and when it will die? Do you believe it will continue to live on throughout this century or do you think some new fiat currency will swoop in to save it? I'd love to hear your thoughts!
All support is always appreciated and please share around if you enjoyed it!
Best Regards,
SatsMates
Bitcoin Buys: https://invite.strike.me/2MSTYG
When Money Dies (Non Referral): https://a.co/d/4COM7uo
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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