Dear Aussie Wage-earner,
Your government in conjunction, with your Reserve Bank and the banking sector, increased the M2 money supply from $11,548mn to 2,023,682mn from 1965 to 2024
That is a compounded increase of 9.15% annually.
This, dear reader, is one of the main causes of inflation and increased prices.
When we increase the number of currency units competing for finite resources. Prices go up.
The question you need to ask is, did your wage keep up with the 9% increase in currency units?
If not, your only choice is to park your value in scarce assets.
The question you need to now ask yourself is are those assets at fair value to their underlying worth or utility? Or have they attracted a monetary premium because everyone is trying to jump off this ship?
Did this rush to safety over-inflate the prices of these assets artificially? What are they actually worth?
The next question you should ask yourself is, what if there were a money that was finite in supply?
A money controlled by no-one, but enforced by everyone.
A money that’s only function was to act as a money.
Something that you could hold where we didn’t have time worry about earnings reports, corporate debt levels or interest rates.
Something that allowed you increase your purchasing power over time without a deep understanding of financial markets or macroeconomic issues.
A monetary good that meant you didn’t have to take on debt and get in an over-levered position?
Something that, at its fundamental level, is actually immune to economic recession.
A monetary good with a finite supply of units competing against these same goods and services and assets? As opposed to a monetary good with infinite supply?
What does a finite supply do to the price of things over time?
If you are suffering inflation and your wage hasn’t increased 9% per year for the past 60 years. You need an alternative option.
You have the ability to opt out. And you can opt out any time you like.
You owe it to yourself…
This is why I use Bitcoin as my monetary good.
Fully flexible based off Australia Curriculum. From the research we (read:wifey) did this gives us a nice framework to make sure we are ticking off a few boxes while giving us the flexibility to opt into and out of the parts of the curriculum that either don’t resonate with us, can otherwise be covered off or whatever justification we can think of.
Can’t wait to start this journey with the kids on the road, I’m really looking forward to having the time to be involved in their learning
H/t @Daniel Prince
