I haven't fully figured out yet how they arrive at the 12% but if it's true, that would be a worry. What would we do about it?
Also the money in circulation and US govt. debt have increased much more than inflation. So the extra printed money goes into a growing economy, not inflation?
Can you recommend any currencies that are more stable? Like Swiss Franc?
I think the best strategy is just not saving any money, and if you suddenly need some, like a medical expense, just take up a loan.
With the interest rates on loans much lower than 12% you win.
Work and store/save your value in hard monies that cannot be debased and avoid Faustian bargains know as debt traps or debt slavery.
Whom the gods would destroy, they first cause to borrow at low rates of interest!
Bitcoin only has a value in dollars and only if you sell it. It's not stable at all, the dollar value swings more than the mood of a woman on PMS.
Monetization of U.S. debt is de facto inflation. Increased money supply into an economy is inflation which devalues purchasing power per note.
A growing economy based on inflationary debt (over-spending) from cheap money (low interest rates) is a mirage, Potemkin village, or bubble which will inevitably pop and has collapsed every empire to date.
The only way for individuals to avoid losing their purchasing power is to exit fiat systems (e.g. Dollars) and store your wealth in hard assets like ₿itcoin which will appreciate against infinite money printing.
🖨️💵 ♾️/ 21M = ₿ value
If you make more debt to pay off debt it'll eventually collapse. That's not a necessary requirement of fiat money but that's possibly what governments are doing and yes, it may end up collapsing but it'll last longer than Bitcoin which never got off the ground in the first place.
The solution is more fiat not less. So we have multiple currencies to choose from and competition will keep them in check.
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