T
Thatdude
Life is temporary, death is permanent
- Sep 26, 2019
- 472
It should be noted this came from some crypto pro place. One of the places that talks about this argument is
But basically it talked about how many of our problems is caused by our current economical system across the world. Where money constantly gets devalued by the printing of more money. Where $1 today will require you $1.25 in a few years to buy the same thing. And with places like the USA making 10%-20% of it's total currency in the past few years. This means the problem gets worse quicker.
The argument is by having a inflating currency it causes people in the lower classes to buy what they can now since if you hold on your money you can't buy it later. Like the cheapest time to buy something is always yesterday. And it causes upper classes to put their money in investments just so they can keep their value or get more. This entire process forces people to go into debt because peoples pay doesn't match up to the inflation, and people can't accurately save up for the future unless if they are in the higher mid to upper class. This means it causes the poor to become poorer, and the richer to become richer.
The argument also said if we had a deflating currency then this will force people to save your money since the cheapest time to buy something will always be tomorrow, pay will always increase by the fact that money is deflating, it helps out in other ways.
Since a lot of people off themselves due to money problems, I figure this is a good place to post this to figure out what others think. Do you think they are onto something? Or do you think a deflating currency won't fix much of anything?
But basically it talked about how many of our problems is caused by our current economical system across the world. Where money constantly gets devalued by the printing of more money. Where $1 today will require you $1.25 in a few years to buy the same thing. And with places like the USA making 10%-20% of it's total currency in the past few years. This means the problem gets worse quicker.
The argument is by having a inflating currency it causes people in the lower classes to buy what they can now since if you hold on your money you can't buy it later. Like the cheapest time to buy something is always yesterday. And it causes upper classes to put their money in investments just so they can keep their value or get more. This entire process forces people to go into debt because peoples pay doesn't match up to the inflation, and people can't accurately save up for the future unless if they are in the higher mid to upper class. This means it causes the poor to become poorer, and the richer to become richer.
The argument also said if we had a deflating currency then this will force people to save your money since the cheapest time to buy something will always be tomorrow, pay will always increase by the fact that money is deflating, it helps out in other ways.
Since a lot of people off themselves due to money problems, I figure this is a good place to post this to figure out what others think. Do you think they are onto something? Or do you think a deflating currency won't fix much of anything?