Sound Money / Hard Money / 21 Million
In the beginning,
God made about 2.5 billion ounces of gold on the planet earth.
And that’s it…
Due to its scarcity, usefulness, and fairly even distribution around the world. Gold became the dominant money around the world for millennia.
On August 15, 1971,
the US went off the gold standard.
And USD was officially unbacked fiat currency.
In 2009,
In response to the 2008 global recession, Bitcoin was created...
But why is sound money so important?
The simplest answer is that it imposes fiscal discipline upon its government.
Since 1971 (the year the US went off the gold standard) the difference between wages and productivity has continually widened...
For more 1971 graphs go check out https://wtfhappenedin1971.com
Sound Money on Twitter:
They don't call it a 'hard-earned dollar' for nothing. I want sound money that protects the value of every working American's time, sweat and effort. That's why I am excited about #bitcoin
nasdaq.com/articles/bitco…
In the last year, #Bitcoin is up 294%, #Gold is down 2%. Join the 1 million people that have watched my debate on this topic and find out why I believe that Gold is no longer an effective Store of Value, Inflation Hedge, or Sound Money in the 21st century.
The Federal Reserve is nothing more than legalized counterfeit.
They *unconstitutionally* create money out of thin air.
You're forced to used them.
Your pockets are picked on a daily basis.
End The Fed.
Return to sound money that is completely divorced from government.
Final Thoughts:
Sound money is an anti-corruption tool. It protects the middle class by adding a layer of resistance to actions like Big Bank Bailouts, The Worst Tax, and Revolving Door Politics. Crypto was built with this in mind, which is why crypto communities like Bitcoin and Ethereum are so proud to be called sound money.
Additional Resources (Formal): Trillion Dollar Coin - Actually links to Investopedia Episode 553: The Dollar At The Center Of The World : Planet Money - Podcast What gives a dollar bill its value? - Doug Levinson - Ted Ed (Beginner) Understanding Money | Orcam Group - More Links The Ultimate Guide to Inflation How The Economic Machine Works by Ray Dalio - Animation Video Additional Resources (Informal): Quantitative Easing Explained - Viral Video The Monetary System Visually Explained Disclosures Not financial advice. Crypto currencies are risky and you could lose what you put in.