I’m pretty stupid when it comes to economics. Or maybe people just make it complicated so people like me feel stupid. But here it goes. Greed. When is too much profit too much? 50% 100% 1000% mark up? For example let’s raise minimum wage. Great everybody says, people will have more money to spend. Well not if the greedy people at the top are saying, “well if I have to pay my workers more that’s gonna cut into my 1000% mark up profit, so I will just raise my prices of my product or services”. And bingo there is the problem. It’s a recipe for disaster. I asked the question as a little kid, and not one person could give me a straight answer. Will because of inflation milk or whatever will cost $100.00 a gallon? It doesn’t make sense to me. At all. I was making $30.00 an hour for 10 years got approved for a $450,000.00 loan and parents were going to gift me $50,000.00. All I could get was dilapidated properties. So why in 1960 a house that cost $25,000.00 today costs close to a million? INFLATION WILL BE THE END OF AMERICA, VERY SOON. ALL BECAUSE OF GREED
If the Chapwood index CPI is true, wouldn’t we see compounded increase in prices? Example housing rent, if you take $12000/year and inflation at 10%, in 5 years you’d be paying $19000/year in rent, you’d go from $1000/month to ~$1600/month in rent. The compound effects on prices would scream across major sectors. I’d take these inflation numbers with grain of salt. Luckily BTC appreciation doesn’t really rely on Inflation/Deflation thesis, it’s pure high demand chasing limited supply.
Thanks Pomp for this exposé on the innacuracy of the C.P.I. Index. The world needs to hear this info (over and over again). As people understand real inflation, it's rocket-fuel for bitcoin!
Your selfless, free, fundamental, sound-money content helps me to understand the real-world value that is hard coded into Bitcoin which transcends the traditional financial mind.
You need to take home prices out of the Chapwood index. But regardless of the level of inflation, I fail to see how “investing” in a digital currency is more protective of buying power than investing in other asset classes. It sounds like you are using inflation to make a case for Bitcoin, but you do not explain why it is a better protector than, for example, investing in gold or land or something tied to a tangible asset. Sorry, I am listening but not convinced. It still sounds like you are pumping something to drive the price.
If it was that easy everybody would be doing it. I’ll believe you if you send me some cash in the mail. Or better yet let me borrow some of your money to invest in your scam, how does that sit with you? Dam people make me very sad for society.
People just want more bang for the buck, in lame mans terms
I’m pretty stupid when it comes to economics. Or maybe people just make it complicated so people like me feel stupid. But here it goes. Greed. When is too much profit too much? 50% 100% 1000% mark up? For example let’s raise minimum wage. Great everybody says, people will have more money to spend. Well not if the greedy people at the top are saying, “well if I have to pay my workers more that’s gonna cut into my 1000% mark up profit, so I will just raise my prices of my product or services”. And bingo there is the problem. It’s a recipe for disaster. I asked the question as a little kid, and not one person could give me a straight answer. Will because of inflation milk or whatever will cost $100.00 a gallon? It doesn’t make sense to me. At all. I was making $30.00 an hour for 10 years got approved for a $450,000.00 loan and parents were going to gift me $50,000.00. All I could get was dilapidated properties. So why in 1960 a house that cost $25,000.00 today costs close to a million? INFLATION WILL BE THE END OF AMERICA, VERY SOON. ALL BECAUSE OF GREED
If the Chapwood index CPI is true, wouldn’t we see compounded increase in prices? Example housing rent, if you take $12000/year and inflation at 10%, in 5 years you’d be paying $19000/year in rent, you’d go from $1000/month to ~$1600/month in rent. The compound effects on prices would scream across major sectors. I’d take these inflation numbers with grain of salt. Luckily BTC appreciation doesn’t really rely on Inflation/Deflation thesis, it’s pure high demand chasing limited supply.
Thanks Pomp for this exposé on the innacuracy of the C.P.I. Index. The world needs to hear this info (over and over again). As people understand real inflation, it's rocket-fuel for bitcoin!
Your selfless, free, fundamental, sound-money content helps me to understand the real-world value that is hard coded into Bitcoin which transcends the traditional financial mind.
You need to take home prices out of the Chapwood index. But regardless of the level of inflation, I fail to see how “investing” in a digital currency is more protective of buying power than investing in other asset classes. It sounds like you are using inflation to make a case for Bitcoin, but you do not explain why it is a better protector than, for example, investing in gold or land or something tied to a tangible asset. Sorry, I am listening but not convinced. It still sounds like you are pumping something to drive the price.
Pomp this was great thanks a lot! Can you talk about a bitcoin super cycle I think that’s an important thing to cover rn. Thanks love your content
If it was that easy everybody would be doing it. I’ll believe you if you send me some cash in the mail. Or better yet let me borrow some of your money to invest in your scam, how does that sit with you? Dam people make me very sad for society.
You make that much money,eh? Why don’t you send a bit of that money my way, chief.