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2024-08-20 08:32:25

Prez MACD on Nostr: 🚨Something I've noticed🚨 people around me are now regularly acknowledging the ...

🚨Something I've noticed🚨 people around me are now regularly acknowledging the fact that their dollars-out commitments have marginalized whatever dollars-in gains they may have managed. This is interesting to me because it has spread to people from all demographics.

🚨Take away🚨 That should indicate to everyone exactly how bad the circumstances have become.
Fully agreed. Posted a similar note too.

Same thing for gold, real estate. Value increase yes, to a certain extent, but primarily driven by money supply increase.

When I use the same line of argument for friends and family, they revert to "observational" counterarguments like "because wages are increasing" or "because raw material prices are increasing".

All symptoms but no one can pinpoint the actual root cause.

How else can we explain this to them apart from "our money is broken?" Whats the flow of thought to bring them to the conclusion?

https://primal.net/e/note1ncxkztcuw4frppv8u7g9aht9jwmgvuuwnkv64tvvh5t2tramuewq3e552c
Author Public Key
npub1mz7w8mm74p29d2xn4v8rdpy2y3jht4ecau8wczm7qsvp6zxmnj7sevejud