The Federal Reserve has one job to control inflation. However, it seems they did a miserable job to press down inflation in recent months. Since COVID-19 induced a financial crisis, the Fed had printed $2.8 trillion into the economy like it never did before. The more money did make asset liquidity flows but it also pumps up the core prices such as cost of energy and essential cost of living such as food. While the economy tries to restore to the original pace, it seems harder to bring it back but has to print more. As the government debt ceiling spending is also approaching, the Treasury Department wants to overhaul the debt ceiling once for all. As a result, the government will print unlimited funds out of thin air and the trade-off is people will pay a price that the government did.
Fiat Squid Game
The problem of printing more money is not only limited to devaluate money worth. Although the Fed will argue to protect assets price stability, it did increase asset’s valuation. The problem is the game is set to play and benefit the rich. The poor will have to play the same game with no resources. The poor will have no room to move up and the level of competition will increase more and more.
Hierarchical economy structure
Who are on the top are few winners to the economy build under the fiat system. They have enough assets to absorb the turbulence of the uncertainty. However, the bottom will suffer the most.
Social mobility is lacking
There are only many qualifications for a few to move upward with elimination from the competition. Moving from one step to the next will require more time and more “connections” to reach.
Top players will set a rule
Top players will have the power to set rules for the bottom to play. They gain resources easily and it will work their way.
Competition is increasingly intense
Competition among players is intensified. Talent may not the only factor to be outstanding. You may need to backstab someone in order to win the competition. Every play is winning mindset driven which makes the competition even worse.
Win the top spot is a ticket to set rules
If you are lucky enough to win the competition and reach the final place, you may be able to set your own rules for others to play.
Crypto came to rescue
Crypto will break the rule of endless competition and devastating rules to prevent others move up. An open consensus that no one can cheat and everyone can anticipate makes the rule fairer.
Escape from fiat to crypto
Inflation will continue rising until too jeopardize to the top. Until then, you may not able to compete and sustain the economy. However, crypto offers you a ticket to jump out of the game.
Opportunity to go to the moon
Of course, crypto may not help you get rich quickly but it may provide you an opportunity to have a moonshot into the future and potentially prevent the damage from high inflation.
Choice is yours
You can still join the fiat competition to play the squid game or you may want to jump-start into crypto.
In conclusion
Of course, the future is uncertain. Anticipation is a key to explore more opportunities to try things that you may not know in current but may change your life in the future.
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Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
