RE: 26 = 3.8 Billion, 26 Richest People Own as Much as Poorest 50% (3.8 Billion)
While the poor get fleeced in taxes...
The poor get fleeced elsewhere as well en masse. If you want to escape the Federal Reserve's corrupted inflation spree, what is one to do? Buying property is the main way Average Joe can try to escape central banking.
Except they can't, because to buy a house you have to take out a loan, and by the time you've paid off all the interest, you just paid more than the value of the entire property several times over.
If you get a loan at 5% APR. How much interest have you paid after 30 years?
1.05^30 = 4.32
Take out $100,000 loan for 30 years and you owe back $432,000. This money doesn't even exist; it was never printed. It literally can't be paid back on a macro scale.
2008 showed us that property isn't even a safe asset anymore. Meanwhile, the value of crypto has been doubling every year under Moore's Law. It's only a matter of time before people figure out where to put their money for the long haul.
I am not even sure crypto is safe anymore. The majority of crypto can only be earned by trading fiat. Guess who has all of the fiat power?
The ones in power are the ones holding the coins, and the coins can be created by literally anyone on the planet out of thin air. The price going up doesn't force diehard fanatics to sell. This is where HODL culture comes from. If central banking tries to buy out crypto that's going to make thousands of the smartest libertarian (anti-government) cryptography experts on the planet billionaires. What do you think these people are going to do when their coin becomes co-opted? They'll make a newer, better coin, that is even harder to buy out.
Fiat is powerless. Fiat is dead tech that hasn't evolved for 100 years. No one is going to want anything to do with it once the tipping point is reached.
Yup more money needs to be printed to fill up the money supply in order for all money created with interest to be paid back, it's an endless incremental loop. What madness!