you found out? its like that for every country thats why they all in debt. in debt to people that dont produce chit.

money root of all evil isnt just some whimsical saying

Timothy 6:10 to be: For the love of money is the root of all of evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

bible records everything

This post was edited by TiStuff on Aug 2 2023 04:17pm

This is the problem with fiat money, right? As long as we don't print money out of nowhere, inflation should be very low, right?

fiat money is fake money. politicians sell out to the world bankers. tomas jefferson said world bankers present a greater danger that any standing army.

"jefferson prophecies" for something to read.

Not just fiat money but any form of money. Although if the currency itself is derived from an actual commodity (e.g. Gold coins) then it is harder to make more of. However even in this case, if a massive gold deposit is found and many more coins are minted then inflation still happens.

But yes of course, if we don't go bonkers printing money inflation is very low! A very small amount of inflation (2% is the quoted number) is okay and is often considered a good thing to incentivize people to spend money thus promoting the production of goods and services

Personally I think that gold-backed currencies are better, however they are still not perfect, as you pointed out. I think money should be linked to a nation's productivity. Money should only be created when goods and services are being created.

in USA money was made out of precious metal copper nickel silver gold. had real world value. now its all based on faith hoping you dont get screwed over to badly
sucker atheist 'believe they dont live by faith

You're right and that's to my understanding the main idea behind the current US system. Money is created only for payment for a good or service which works well when you don't have radical leftist governments printing money to give away for free.

Gold backed currency, crypto currency or burn it all to the ground and start again: how to deal with inflation 101

Another way is to spend it immediately. Not to buy stuff but on children, which one should have lots of. Make babies, then spend your money to fund their education. Make sure they study something useful. And when you're old, they will take care of you, if you raised them right.

This is how we can fight inflation.

This post was edited by JessiWan on Aug 2 2023 06:05pm

There was a time when I believed in this statement but unfortunately the only way out of our current hyper inflationary death spiral is a new war which the US is desperate for. Proxie wars in the Ukraine and Middle East isn't cutting it anymore.

We either get a us backed crypto that we have to use by force
Or we get a civil war. I'm preparing for the latter