Consumer Price Inflation equates to Economic DEFLATION: Bitcoin currently selling at $23,000USD, Tech is deflationary and we haven’t seen Tech without ZIRP for a very long time – June 13, 2022,

I like that Bitcoin trades 24/7/365 because it for me at least it gives me a pulse of DEFLATION in the economy. Bitcoin is one of those feel-good “investments” it’s technology and it made some lucky young people very rich at an early age and even if it falls to zero it’s worthy of our attention. With that said, as I’ve ben writing for some years now, Bitcoin revolves around government STIMULUS and ZIRP.

I don’t think there is anything complicated about the price of Bitcoin, it’s betting on the government growing bigger and getting into debt it can’t pay back. Why I think people are running from Bitcoin is that they’re running out of money, a lot of people I know at the PEAK of Bitcoin, went into DEBT to purchase Bitcoin, imagining that it had nowhere to go but up, up, up.

Even family members of mine, who are in a lot of debt, bought Bitcoin. They come to me and ask me questions and that’s how I found out, but I’ve had a pulse on Bitcoin, for some time now, because not only do I monitor the price, but I’ve met different people from all walks of life who actually bought Bitcoin. Most of the people I know who bought Bitcoin ARE NOT FINANCIALLY EDUCATED!

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Although some of you reading this are financially educated or interesting in economics or finances, the truth is if you want to put the average person to sleep, and start talking about business, money, and economics, they’ll go right to bed, they’ll likely yawn in your face. If you have a girlfriend, wife, or lover who genuinely loves, you if you want to get her or him to shut up, start talking about the inner workings of your business or money. Trust me they’ll knock right out.

With that said, I’ve said this plenty of times, how do you value Bitcoin without the U.S Dollar? The truth is you can’t the U.S dollar falls, and so will Bitcoin. I’m sorry if the U.S dollar loses its standing in the world, forget what the worlds doing, I’m going back to a Gold and Silver standard. If some Globalist takes over the money, sure I MIGHT use it if I have to, but just like the U.S dollar I’ll undermine it every chance I get, I’m NOBODY’S slave.

I bring this up because consumer price inflation is and always will be economic DEFLATION. When the Venezuelan Bolivar HYPERINLATED, stuff didn’t appear, stuff to buy became SCARCE!. Don’t be one of those morons who imagine currency as real money. It’s not! The U.S dollar revolves around CONFIDENCE and INFRASTRUCTURE. I can literally be outside of the United States and purchase U.S dollars almost anywhere in the world.

It’s not that easy to purchase Euros, Yens, Pounds, Swiss Francs, or Canadian dollars now is it? That’s what I mean when I say INFRASTRUCTURE. Gold and Silver have the infrastructure, but why most governments are disinterested in a Gold or Silver standard is because it would equate to FORCED austerity measures. This is why for me Bitcoin is a nice story, but Fractional Reserve Banking with a liquid money supply is the name of the game.

I like to point out that the world currently imagines the heights of civilization through DEMOCRACY. As Socrates points out, IDIOTS can vote for other idiots to be in charge of your country. Sorry America, no offense by Joe Biden is an idiot. Sorry Canada, no offense, but Trudeau is an Idiot, Germany? I mean come on, you escaped National Socialism than a part of Germany survived Democratic Socialism and Germany recently voted for another socialist? That’s Democracy, idiots can vote to steal from productive people and this is why I NEVER, EVER want a GOVERNMENT gold standard.

In so-called FREE America, Franklin D. Roosevelt made it ILLEGAL to own Gold. Currently, the RIGHT wingers love themselves some Donald Trump, watch the video below.

That’s the front runner for the Republican Party folks, a lot of you talk about when Nixon served ties to the https://richinwriters.com/vid/Donald-Trump-Wants-to-Close-Off-Parts-of-the-Internet.mp4Gold Standard, do you know what else Nixon did that was more important than killing the INTERNATIONAL convertibility of the U.S dollar to gold? PRICE CONTROLS!

Most people don’t watch the entire video, or if they do watch the entire Nixon video they don’t understand it. One of the main reasons for consumer price inflation revolves around GOVERNMENT regulations on the economy. If you know anything about the minimum wage law or rental controls, you know they often cause SHORTAGES!

Well if Biden signals to the market that he wants to cap the earning potential of oil? The futures markets are going to react by changing their behavior, why drill domestically if at any time there’s a surplus the government might step in and say “fun times over boys”? Overbearing parents often lead to children running away from home. Any overbearing boyfriend typically leads to a woman cheating on her boyfriend. Sure people might pretend to like big government, but nobody really does, what we have on this planet are a lot of idiots with a lot of power.

Bitcoin is definitely a start to combat tyranny, but I’d be lying if I thought it was the be all end all, it’s a start, one of the things I like that Bitcoin did was its excessive use of the words DECENTRALIZED. I love hearing those words decentralized it gives me hope for future generations. The great thing about Joe Biden especially for you young people is you’re seeing in real-time how DUMB a lot of these leaders are, NEVER FORGET this lesson. A lot of these central planners are IDIOTS!

I have no advice to give regarding Bitcoin, I’m a buyer if hits $25 or less. What I like about Bitcoin is that it trades 24/7/365 that’s something I wish would change about these centralized markets. Weekends, holidays the markets are closed? This is the stupidity of central planners. Anyway, as I’ve been saying for years, yes it’s boring, but consider becoming a DIVIDEND investor.

If there are more of you demanding companies pay a dividend more companies will do it! Stop listening to these idiot traders and their stupid trading software, if you’re as broke now as when you started, it’s because that silly trading software is intended to FEE you to death! Fee you out of your profits. Most of my stock bets come from DIVIDENDS!

Now that rates are rising buy stocks that pay dividends. I HATE ZIRP because it’s allowing idiots to get access to debt. Debt should be reserved for the COMPETENT. There’s malinvestment everywhere, I personally consider Bitcoins’ current price malinvestment. If there’s one thing I CURRENTLY like is that he hasn’t called out Jerome Powell fr Raising interest rates, that’s the good thing about idiots, they have no clue. I hope Trump stays far from the White house!

Because as a real estate guy he’s likely going to argue for lower interest rates, those of you reading this, if you want to end tyranny jack those rates up and LEAVE THEM THERE! The government will shrink in no time. I don’t care what crashes and if you’re young and broke you shouldn’t care either. I miss FIRE SALES! Make things go on sale again!

Interesting times ahead!