Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
You know, my brain's wheels are turning right now with a thought:
"Is an inflationary money policy the driver behind the desire to endlessly consume?"
"Is an inflationary money policy the driver behind the desire to endlessly consume?"
Yes.
We are being driven towards endless consumption in order to perpetuate the status quo. We are always to be two missed paychecks from destitution so we will latch onto any false form of material happiness marketed towards our fears and frustrations.
And so continuing to expand the money supply and cheaper credit worked for a while. Until 1997. And then it didn't anymore. You can also see on the chart where consumer spending fell completely off the cliff.
What the Fed is doing now (sending money directly to consumers) smacks of desperation. It's a joke.
The sad thing is that none of what you have described addresses the root cause of the problem, which is our perpetual growth model of economics. Everything is about "how do we continue to grow" instead of "shouldn't we stop growing at some point?". Only cancer grows forever. And maybe Bitcoin. hmmmm
I think if you scratch the surface, you will find that Ariemoller is concerned about the lack of growth of one particular kind of population...
That's the deal.
People have been fooled into this work, obey, consume routine and they can't escape.
Most of the ghosts around us are like Cypher from the Matrix: you may know the steak is not real, but you like it anyway.