Your box of 10 eggs may increase in price from £1 to £1000 over the next 10 years similarly as it did with the German Mark, but it will not increase in cost when priced in Bitcoin – denominated in Bitcoin your eggs will fall in price.Īs global adoption of Bitcoin continues on its path, those choosing to save in Bitcoin will not only protect their wealth, they will likely see huge appreciation in their wealth as the purchasing power of their Bitcoin rises. In Bitcoin, everything gets cheaper over time. In fiat money, everything gets more expensive over time. Protect yourself from fiat money debasement by storing your wealth outside of easily printed fiat money.īy choosing to save in Bitcoin, rather than government fiat money, you are putting your wealth and energy into a money that cannot be debased, destroyed or tampered with. The most important step is to recognise that the rapidly rising government debt and associated ‘money printing’ is happening, that it has happened many times throughout history, that it impoverishes those without assets and potentially destroys economies & societies. These devastating inflationary periods are a sad but common occurrence throughout history. It sounds incredible, but sadly it is true. Then 1 year after that, they would cost 800 billion Marks. Ten years later the same box of eggs would cost 50,000 Marks. In 1913 Germany you could buy a box of eggs for 1 Mark. Well known historic periods of fiat debt default and inflation are Weimar Germany in 1920’s and Zimbabwe in late 2000’s. The UK and other countries seem to be entering the final stages. Turkey & Lebanon are in the final stages today. The problem develops, gradually then suddenly. In fact, this situation is happening today within most countries simultaneously as they all find themselves stuck in the same financial problem against a backdrop of slowing economic growth and an increasing debt pile. It is currently playing out again in The UK. The scenarios outlined have been played out in many countries throughout history (estimated at 51 times in the last 200 years). The prices of homes, assets, the stock market would crash. Unemployment, poverty, business failure, crime would skyrocket. The UK would plunge into a deep recession with standards of living dropping dramatically. The UK would face an immediate severe economic crisis, a banking crisis and currency crisis. This is called defaulting and is like an individual or company going bankrupt.
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