With Bitcoin, deflation could make cost of living more affordable, increasing the attainability of assets for all.I am sure most of us, at some point or another, have been confused about the effects of deflation versus inflation. This article is meant to be a quick overview of deflation, its effects on the dispersion of wealth and how we can better understand what is happening within our economy. Before diving in, it should be noted that this article isn’t meant as an in-depth overview. There are countless articles that go in-depth into the causes, by-products and outcomes of inflation and deflation. Instead, this article is meant to aid in getting the creative juices flowing when thinking about our economy and what taking advantage of … [Read More...]
The U.S. Dollar Implosion: Questions To Consider For Non-Bitcoiners
One approach to orange pilling no-coiners is to simply draw attention to the various economic uncertainties facing the U.S. Dollar today.November 2021SummaryThe purpose of the article is to examine the current state of the U.S. dollar in reference to the average American’s mentality during economic hardship. The article will serve as a potential onboarding ramp for non-bitcoin holders through an exploration of current events and posing of questions to the reader. Pre-Introduction, From Me to You, Before We Begin… If you currently work, or have ever worked, what was the goal? OK, slow down there, turbo. Don’t just read that question and move forward, stop, think, and genuinely ask yourself, why did I work? Why do I work? Have you found … [Read More...]
Dollar Tree jumps 12% after the discount chain says $1.25 will be its new price point
Dollar Tree store.John Greim/LightRocket via Getty Images Dollar Tree stock rose after the deep-discount chain announced its new price point will be $1.25. The move marks a departure from the everything-for-$1 philosophy Dollar Tree has employed for the past three decades. The retailer maintained it's "not a reaction to short-term or transitory market conditions." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Dollar Tree stock rose Tuesday after the discount chain announced that its new price point will be $1.25, departing from the everything-for-$1 philosophy the retailer has employed for the past three decades.Price hikes were first announced in September, with management noting prices of $3 and $5 as well as … [Read More...]
IMF Report On El Salvador Is Positive… Except For Everything Bitcoin-Related
In a recent report, the IMF praises the way El Salvador handled the COVID-19 situation and announces that their economy grew 10% in 2021. The International Monetary Fund also recognizes El Salvador’s government efforts to reduce crime, “diversify the energy matrix, foster economic diversification, and enhance financial inclusion.” However, when it comes to Bitcoin, the IMF is completely against it. As they should. Because Bitcoin renders the IMF irrelevant. But first, let’s learn what the report titled “El Salvador: Staff Concluding Statement of the 2021 Article IV Mission” is about: “A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under … [Read More...]