Broken money has led us into a gold rush race for real assets.
The Great DivideThe Great Divide
The generations that had most of their worklife before 1971 were able to get very nice pays for an hour of their work in terms of real assets (houses, gold, stocks, ...). Even without a lot of the great technological innovations and productivity improvements that came later, they were able to amass fortunes.
Then for those who worked starting on 1971 onwards, the gap between real wages and asset prices started to diverge, but they were still close enough to acquire lots of assets at the beginning of their careers. Nowadays those generations are mostly living off their assets and working does not make much sense, except for those who didn't get assets early on.
The Rigged GameThe Rigged Game
And for the people who are working now or even starting their careers, the game is pretty rigged. Wages in terms of real assets such as gold or housing are suuuper low. So yeah, traveling and entertainment are as cheap as ever, but forget about retiring or owning a house for most.
Meanwhile, due to our broken monetary system, asset owners can borrow against their assets at negative real terms to acquire even more assets or just pay for living expenses. They just have to pay artificially low interest rates currently at around 4% when global M2 growth rate averages at around 8% a year. So unless they fuck up, they can just live off their assets and even accumulate more, while the younger part of the population earns less and less with respect to those assets.
The Call to ActionThe Call to Action
Since this broken money is not going to change anytime soon, this is a call for an asset hoarding rush. To try to put as much as you can from the salary flatline into the asset compound growth one (see https://wtfhappenedin1971.com/).
And for those who know Bitcoin, the math is easy. You can change one hour of your work today for 100 hours of work in 10 years. Not only you 100x but additionally those hours in 10 years from now will be wayyy more productive (more capital goods such as machines and automation and whatever AI and other technological breakthroughs bring us).
Train is leaving! See you on the other side.