bitcoin

More than 97% of fiat money…

1 min read

More than 97% of fiat money is debt. Debt demands interest. Interest demands printing. Fiat must expand or it collapses. The deeper down the debt cycle, the faster the printer spins. Fiat is designed to fail over time. Study #Bitcoin.

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Carl B Menger

Carl B Menger

Bitcoin Chief Hodler Subscribe: https://carlbmenger.substack.com/
Over 70% of U.S. debt…
1 min read

Over 70% of U.S. debt…

Over 70% of U.S. debt consists of unfunded liabilities - Pensions, Medicare, Medicaid. These aren’t optional. They MUST be paid. No (new) political party can change the math. The fiat system is