Why if I have $100 right now, 10 years later that same $100 will have less purchasing power? Why can’t our money retain its value over time, I’ve earned it but why does the value of my time and effort go down over time?
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it’s because our money system is controlled by the federal reserve. our currency is no longer based on real world resource like the greenback was related to gold stockpile. nowadays when the govt needs to borrow money, the federal reserve just types it into a computer and poof instant money. this is what is driving current inflation. the reason inflation is so high right now is because of the pandemic bailout programs, enhanced unemployment, the stimulus, the cares act, all those trillions to keep essental businesses afloat etc. all the money came out of no where. if you’re going to save for the future it’s actually better to buy tangible goods that will scale over time. things like gold for example.
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