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BROKEN MONEY, FIAT INFLATION VS SOUND MONEY DEFLATION, & GETTING OFF ZERO BITCOIN | Lyn Alden (Saving in Bitcoin Ep. 2)

THE Bitcoin Podcast

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Inequalities and Inflation in the Financial System

This chapter examines the systemic inequalities in the financial world, where the elite benefit from easy credit while average earners face financial struggles. It explains the differences between sound money and fiat money, delving into how inflation acts as an 'invisible tax' affecting both consumers and the economy. The discussion underscores the implications of expanding national debt and the flawed practices of fractional reserve banking, highlighting the adverse effects on wage negotiations and everyday life.

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