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by dragonwriter
1120 days ago
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> The US dollar has lost >97% of it’s value just since the inception of the Federal Reserve in 1913… Yeah, that’s the result of placing function as medium of exchange nd unit of account over function as a store of value, as a deliberate measure to both facilitate exchange and encourage investment outside of the money in productive assets. Also why, while Bitcoin might arguably be a decent investment if you can take the volatility (note that I am not saying that it is, either), its crappy money compared to major world currencies. |
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