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0 sats \ 2 replies \ @sudonaka 25 Aug 2023 \ parent \ on: How to tell someone you're a Bitcoiner w/o 'telling them' bitcoin
Nobody profits from inflation except the fiat cantillionare class.
In purchasing power terms the best you can hope for is to MATCH inflation, ie:
Smart delivery drone company grows in value 5% in absolute terms- which means as an investor you need the stock to track 10-15% higher to keep up with inflation and reflect growth.
It would be better to have sound money and your stock goes up 5%
Nobody profits from inflation except the fiat cantillionare class.
First of all: what's up with the communist vocabulary?
Second: Are you aware how low the amount of assets is to have more increase in their value than the decrease in value of your income/fiat savings? Since you're presumably a Bitcoiner there is a good chance you're one of them
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Nice attempt at identity politics there.
CLASS isn't "communist vocabulary" it's a word that describes groups of people in social structure. In this case: I used it to describe the absolute PARASITE bankers and politicians who steal our economic value through inflation.
And if I'm understanding your question correctly-
You are completely ignorant to the true nature of inflation.
The "low the amount of assets" is more than 100% of your assets. There is no escape from inflation while valuing your assets in the inflating currency.
Here is US stock market data since 1915 (2 years after FED act)
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Start value in 1915: 1,681
End value in 2023: 35,559
Stock Market cumulative rise in value: 2,015%
Here is the inflation of your precious US dollar:
https://www.usinflationcalculator.com/
In 1915 you purchase an item for $1, then in 2023 that same item would cost $30.27
US Dollar cumulative INFLATION: 2,926%
Inflation 2,926% > 2,015% stocks
I just noticed in your earlier comment you said: "Maybe you're unfamiliar with it if you come from a lower class background."
-yet you are arguing that somehow you are "profiting from inflation" if you own some stocks or real estate..... so who's the communist here exactly?
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