In a post Bretton-woods world

Brb no gold standard
Brb issue dollars today backed by debt sold into overseas markets
Brb banks set target interest rates based on vague and changeable objectives and forecasts of things that may happen in the future
Brb political leaders fire up the printing presses to achieve their own political objectives
Brb wage price stickiness
Brb zoomers don’t even understand what a union is or why they’re important
Brb hyperinflation making your wage worthless
Brb can’t even get a truthful report on the actual rate of inflation

Most westerners have enjoyed a stable currency and banking system aside from the unpleasantness in 2008

Probably haven’t lived through a currency devaluation like in the 90s or when the trade sanctions were imposed last year

Does anyone still hold onto cash for anything other than facilitating day-to-day transactions?

i dunno enough about economics to know, and neither does any miscer


the more books you read about it the less you know

ANY currency only has the worth that people give to it. We could all decide to use leafs as currency and it could work just as fine as paper money.

LOL at Jewified cucks thinking that money needs to be tied to gold or oil or whatever BS they teach you clowns.

Currency is an EXCHANGE for work/goods/services. The currency shouldn't have any value apart from the work it is being exchanged for. In our jewish utopia money is made into something more than that, which is the source of our problems.

Ofcourse the people who don't provide any work/goods/services needed to find a way to make money off of the back of people who do via taxes/interests/fines/laywer fees

Yes but when the currency is stable you don’t feel nervous about holding currency. Sure there is some known, stable rate of inflation but it won’t change your behaviour day to day.

But when the currency is being deliberately devalued it almost feels like when you get a lump of cash you’re in a rush to dump it into some kind of real asset rather than see it’s value disappear before your eyes.

Or maybe that’s just me.

lol at fiatcels

Kakoi bui ni pyatnitsa tovarish

To the governments and dependents it is.

na but i have ammo which u literal cucks arent allowed to have. im richer than u m8

How do I get on the garbage-tier miscer list

Do I have to kill one of the existing members

wrong place to askl this bro , srs, majority of these dumb feggits think crypto wont have another bull run in 2024-2025 LMAO.. even though all fiat currency's are rapidly losing value and the FED will begin to print again soon.

keep stacking silver, gold billion, btc , chad assets

What about printing ink and denim paper

everyone on this forum is an expert (yet they're not even wealthy)


lul

What qualifies someone as wealthy

Bearing in mind, the majority of miscers think fiat currency is essentially worthless

So definitions based on dollars are invalid

Id rather have land and property. I've got 2 houses and will look to buy another down the road. I really don't trust the feds and Federal reserve. Go to any grocery and compare prices from even a year ago. Bidens team claiming 7% inflation is complete bs. A lot of basic groceries have increased by 100% percent or more. Literally double the cost. Fuk the feds

$20 is $20

Every fiat currency ever tried has ended in hyperinflation. Printing a 12 cent cotton rag and forcing someone to give you $100 worth of chit for it just becomes too sweet of a deal, at least in the short term.

i would advise against it

miscers are tarded


i've made tons in crypto yet i'll admit the usd mogs bitcoin to the grave. not even close



just sayin these convos are larpy af. some ppl never grow out of the muh fiat phase, i guess ur one of em?

so how do you acquire property beside inheritance?

you purchase it

how do you purchase it?

you need $$$

thus fiat is extremely valuable regardless of inflation

It’s “useful” as a unit of exchange

Thevaluable thing in this example is the land

Are you comfortable holding large portions of your wealth in fiat?