More than 35% of all US dollars currently in circulation have been printed in the last eighteen months. US debt has increased over the same period by several trillion dollars and is now close to 29 trillion. There is no doubt that $30T will be reached in the coming months .
America's government debt to GDP ratio is now between 125% and 130%. The time when such a ratio above 100% was the exception is gone.
To support the current system at all costs, the Fed has been pursuing an extremely accommodative monetary policy since March 2020 that has inflated its balance sheet like never before. It now exceeds $8,500B:


The Fed's huge asset repurchase program of at least $120 billion each month led it to join BlackRock as the world's largest asset manager. But that's not the role of the Fed, which is America's central bank.
The Fed's monetary policy has created a giant bubble in the markets
With interest rates lowered to zero, the Fed's monetary policy has pushed all stock market investors into the TINA ("No Alternative") phenomenon. This created a stock market bubble, concentrated even more strikingly in technology company stocks.
Microsoft and Apple now exceed $2 trillion in market capitalisation, while Google and Amazon are not far behind. Behind them, Tesla is the biggest winner of the COVID-19 pandemic with a market cap that now exceeds $1.15T. Tesla founder, Elon Musk is now the richest man on the planet with a fortune of over $300 billion . He is more than $100 billion ahead of his nearest competitor, Jeff Bezos.
The latter itself has benefited greatly from the unlimited printing of fiat money out of thin air that has been practiced since the beginning of the COVID-19 pandemic. Just like all American billionaires whose fortune has increased by 2.1 thousand dollars in just eighteen months .
Globally, the increase was $4 trillion over the same period.
Meanwhile, the US dollar's velocity has fallen dramatically to a level not seen since the 1940s:


We are facing the Cantillon effect
We are dealing with a phenomenon which has been known since the 18th century and which was brought to light at that time by the philosopher and economist Richard Cantillon.
In a book entitled " Essay on economic theory ", Richard Cantillon has already described a version of this phenomenon long ago. His basic theory was that the beneficiaries of the printing of large sums of money by the state depended on the institutional configuration of that state. In the 18th century this meant that the closer you were to the king and the rich, the more you benefited. The further away you were, the more you were hurt. In other words, money is not neutral. This general observation that printing money has distributional effects that feed back into the price system is known as the Cantillon effect.
In Richard Cantillon's time the basis of money was gold. He described what happened when a nation-state discovered a gold mine in its territory. The parallel can be drawn with the current system based on the US dollar. Richard Cantillon concludes that if money eventually reaches the poorest people, it will be too late because these people will already be hit hard by the effects of inflation.
This is exactly what is happening now.
Such an impression of money mechanically devalues the purchasing power of the largest number. Those who cannot invest to try to beat inflation are therefore doomed to see their purchasing power melt away like snow in the sun. Since 1971 and the introduction of the current system by Richard Nixon, purchasing power of $1000 has lost 86%:


It is now only $141 and the situation will only get worse in the coming months and years. The reason for this is simple: none of the powerful at the helm of the current monetary and financial system are determined to change things for the good of the many.
Inflation exceeds 5% in America for several months
The fact that inflation has been above 5% for several months in America is not something that bothers them much. After denying the obvious for months before talking about transitory inflation, Jerome Powell, Fed Chairman, is now talking about contained inflation.
Even if you live in a rich country like America or Europe, you cannot realise that the current system was flawed and cannot be fixed. It suffers from seven deadly sins that will lead to its downfall. The original sin was the absolute power given to central banks to print as much fiat money out of thin air as they deem necessary.
If you want to get out of the cycle of universal impoverishment in which the current system traps you, you have no alternative but to go to a system that frees itself from the yoke of a few powerful people who make arbitrary decisions contrary to the interest of the greatest number.
As things stand, our best hope for such a system can only be bitcoin.
Bitcoin isn't perfect, but it's our best hope for a better system for everyone
Bitcoin is not perfect, of course, but it is an alternative system that has already proven its sustainability since its launch in January 2009. Bitcoin has already managed to achieve something extraordinary, given that it was built out of the simple desire of its users to maintain and grow a system owned by the people. Bitcoin's great strength is that it is a decentralized monetary system without a leader.
No one can make arbitrary decisions in the bitcoin world that are contrary to the interests of the many.
Bitcoin's rules haven't changed since its inception, which is pretty amazing in a world that is more uncertain than ever. The biggest guarantee bitcoin gives you is that 1 BTC today will always equal 1 BTC in 21 million units in 10, 20 or 50 years.
This makes bitcoin the best savings technology in the world.
There's no need to invest your money as long as it's safely placed on the world's most secure decentralised network. You secure your own wealth by capturing the private keys to your bitcoins, then running your full node on the network to become your bank. No one can censor you once you reach this stage of self-reliance.
There is no guarantee that the bitcoin system will succeed in its revolution as an alternative system used by hundreds of millions of people every day. But with each passing day, bitcoin's chances of doing so increase. If you want to take back your power and have the freedom to live life on your terms, you owe it to yourself to help create a better system for the many.
If you can't stand the unfairness of the current system, supporting the bitcoin revolution is the right thing to do
This can be done in many ways. The first is to buy bitcoin and become a bitcoin HODLer to drive up the price of bitcoin (by increasing its scarcity) in order to get it into positive feedback loops as a major marketing campaign.
The important thing is for as many people as possible to discover the bitcoin opportunity so they can make an informed decision without having their minds clouded by the powerful in the current system using a whole bunch of outdated clichés to try and scare people away from coming to discover bitcoin.
If you're already a bitcoin HODLer, your best days are ahead in my eyes. If you are not, please tell me what still keeps you in the current monetary and financial system when its flaws have been exposed more than at any time since the COVID-19 pandemic began.