101 sats \ 2 replies \ @kr OP 22 Jul 2022
of course these numbers only consider the official government cpi inflation rates which have been altered to make inflation look lower than it really is.
it’s not crazy to think that more than half the world is living under double digit or inflation right now when considering the real costs consumers face are being underreported by governments.
and that’s not to say anything about the declining quality of products that people spend their money on.
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99 sats \ 1 reply \ @sb 22 Jul 2022
That implies that more than half the world is losing half their wealth in 5 years or less. That's devastating. The Fiat system is responsible for unimaginable cruelty.
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0 sats \ 0 replies \ @kr OP 23 Jul 2022
fascinating perspective, hadn’t thought about it like that before.
it feels like even in the bitcoin community, the scale of the fiat wealth destruction happening right now is underappreciated.
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0 sats \ 0 replies \ @cryptocoin 23 Jul 2022
https://nitter.it/gladstein/status/1550598911173152768 <-- Shows the thread in a single, easy-to-read, web page
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