Shitcoiners minting unbacked coins? A billion seconds is 31.5 years, a trillion seconds is 31,710 years—that’s mindboggling. It begs the question, if we’re pumping all this capital into the market, won’t that cause more inflation, more tightening, and more debt? We live in a finite world with finite resources, so it’s important to keep a finite amount of money in the system. What’s worse is that it seems like there are no budget caps planned for 2025.
This could be why Bitcoin is on the rise—people are trying to buy up as much as they can before the government runs rampant with inflation. It’s no wonder the rest of the world is looking for a way to ditch the US dollar.
It’s amazing how the government can deliberately stoke the flame of inflation, then blame everyone else but themselves for the problem. What a clown show! But if you think that’s bad, buckle up and kiss single digit inflation goodbye. The US GDP for 2022 is estimated to be $25 trillion, and the government is printing $4 trillion to address the crisis. That’s more than a sixth of the entire US market cap in 2009!
It’s a complete farce. Not to mention, it’s hard to believe that $4 trillion is enough to cover the cost of the pandemic. When did they approve it? And two years seems to be a bit of an over-optimistic timeline.
It’s clear that the US is trying to buy up the world while they can. Though it’s a sustainable policy in the short-term, it won’t be enough to fix the underlying issues for the long-term. The only way to break free from the cycle of inflation and debt is to find a new way to manage resources.