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@ Alejandro
2023-08-19 18:35:41
> "It is truly heartbreaking to see people in pain, not understanding why everything keeps getting more expensive… not understanding why, no matter how hard they work, they can never seem to get ahead… not understanding why $100 can fill their fridge one year, and barely buy a couple days worth of food the next…"
>
> — Walker
*Welcome to the latest issue of the Bitcoin For Families newsletter. This issue is a wake up call for all who are struggling to make ends meet and don't know why.*
Do you know anyone who doesn't understand why he/she can't move forward no matter what? Do them a favor and forward them this article.
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The last two weeks have featured many posts on Nostr with videos of people who are desperate; they work hard and yet can barely make ends meet between rent, bills and groceries. Like Walker said, their desperation is heartbreaking and what's even more heartbreaking for me is the fact that they don't understand why.
> The fiat experiment that we're living in has turned out to be the biggest transfer of wealth from the low and middle class to the upper class and this same upper class has very cleverly managed to hide it from everyone, blaming this human disaster on anything and everything else except the real culprit.
**How do they get away with it? Why is it that most people do not know who is causing their financial misfortune and how?**
## It's the inflation, stupid
Inflation is the reason why everything is so expensive.
One of my first articles on the Bitcoin for Families newsletter explains how inflation works, why housing is so expensive and why consumer prices only have skyrocketed now.
Check it out to understand why, no matter how hard you try, you can't save for a house, can't afford the rent and things getting more and more expensive.
It's the politicians that keep printing money out of thin air to pay for things that we can't afford.
[](https://newsletter.bitcoinforfamilies.com/p/use-bitcoin-inflation)
## It all started with Nixon lying
> "Your dollar will be worth just as much tomorrow as it is today."
> — Richard Nixon, 1971
On August 15, 1971 Nixon announced to the American people that he was *temporarily* suspending the dollar convertibility to gold, effectively starting the experiment of a fiat economy. During his speech, he promised Americans that *your dollar will be worth just as much tomorrow as it is today*.
<iframe width="560" height="315" src="https://www.youtube.com/embed/6DWLzJHRBmI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
Since then, and according to the official figures of the Federal Reserve, the US dollar has lost 87% of its value. One dollar on August 1971 is now worth 13 cents.
**Have salaries gone up 87% since? Nooooooooo! But the rich people have gotten richer thanks to the constant printing of money out of thin air.**
Nixon sacrificed the future savings of Americans to continue paying for the Vietnam War.
And all presidents since have kept robbing you.
ALL OF THEM.
## The media hides the truth
Imagine if, that night, Nixon had announced that we're going to start a new national economy rooted on trusting that the politicians will do the right thing at all times when it comes to how much new money to insert into the economy.
Everyone would had immediately said *thanks but no, thanks*.
The media is not dumb. It was not dumb then and it is not dumb now. They could have easily called Nixon out. But they didn't. And they continue to hide the truth from the people.
Why? Because the media is owned by the very same people who benefit from the wealth transfer that the fiat economy represents.
Below is a chart from the fantastic website https://wtfhappenedin1971.com/ that shows the extent of the wealth transfer.
Politicians love hating the 1 percenters and constantly talk about how they will end the income inequality, but they NEVER tell you why it is happening. Why is that?
They don't want you to know. That's why inflation is not taught at school. That's why the concept of money, and how it works, is not taught at school.
And that is why the media tries very hard to blame inflation on anything else but the real culprits:
https://www.theguardian.com/commentisfree/2021/nov/11/us-inflation-market-power-america-antitrust-robert-reich
https://www.cnn.com/2022/02/24/business/inflation-russia-ukraine-explainer/index.html
This article on CNN takes the crown: inflation is actually good for you 👏👏👏
https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html
## Educate yourself about inflation
This speech by Nobel Laureate Milton Friedman explains inflation in a very accessible way. He even predicts the headlines that I pointed out above.
<iframe width="560" height="315" src="https://www.youtube.com/embed/B_nGEj8wIP0" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
## Learn Bitcoin
Now you know what is pushing you down. It's the politicians that keep printing money out of thin air to pay for things that we can't afford.
What can you do? How do you protect your savings? The answer is Bitcoin.
You can start learning about Bitcoin.
Go to my archive of newsletters: https://newsletter.bitcoinforfamilies.com.
And here are some interesting books to check out:
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| --- | --- | --- |
| <iframe type="text/html" sandbox="allow-scripts allow-same-origin allow-popups" width="212" height="362" frameborder="0" allowfullscreen style="max-width:100%" src="https://read.amazon.com/kp/card?asin=B0C8L3XJN6&preview=inline&linkCode=kpe&ref_=cm_sw_r_kb_dp_6X4GEK1KZHB1FPNFT0Y9" ></iframe> | <iframe type="text/html" sandbox="allow-scripts allow-same-origin allow-popups" width="212" height="362" frameborder="0" allowfullscreen style="max-width:100%" src="https://read.amazon.com/kp/card?asin=B09CT4SX2X&preview=newtab&linkCode=kpe&ref_=cm_sw_r_kb_dp_4EHXQN9EV97M0RVKEV32" ></iframe> | <iframe type="text/html" sandbox="allow-scripts allow-same-origin allow-popups" width="212" height="362" frameborder="0" allowfullscreen style="max-width:100%" src="https://read.amazon.com/kp/card?asin=B07BPM3GZQ&preview=inline&linkCode=kpe&ref_=cm_sw_r_kb_dp_Y6J884RW3DNCN40NRQH1" ></iframe> |
And to continuously learn more about Bitcoin, join Nostr and follow some Bitcoiners there.
Here is a note to get you started:
nostr:note1k4vplcen8cp4eymhrmyqd098n38gpyx3p386hh436u29d245dpfs7lqfgg
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# Notable notes
nostr:note1acs4az86duj2yf9zrjgjsg7j6mwuadvmh05zazyvddxv20t4p7gqmkmmw0
nostr:note17lt0essdq7yzp4kgwyfq6j92axty5hrmzqswaea75vqzy6aja25q23jz86
---
# Recommendations
## Walker
Walker is a brilliant educator and the creator of the Nostrich logo for Nostr.
You can follow him [here](nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u).
## Bitcoin Breakdown
Bitcoin Breakdown gives you the TLDR summaries of the biggest events in Bitcoin. It's a very effective way to stay up to date with the industry.
Check it out [here](https://magic.beehiiv.com/v1/cf402cd8-b88e-4e7e-87f6-47474ac9807d?email={{email}}&recommendation_id=06f7cb37-d4ea-4464-be11-a485dbbd196a).
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## What did you think of today's newsletter?
Your feedback helps me create the best newsletter possible for you.
Please leave a comment and checkout comments from other subscribers and readers. I love hearing from the Bitcoin For Families community ❤️ 🙏🏻
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[](https://www.swanbitcoin.com/bitcoinforfamilies?gc=yanbook1020&utm_campaign=yanbook1020)
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## Buy Bitcoin with Swan
If you want to buy Bitcoin, I highly recommend using Swan. It's where I buy my Bitcoin.
They are on a mission to onboard 10 million bitcoiners and get them to self-custody.
Use this [link](https://www.swanbitcoin.com/bitcoinforfamilies) to receive $10 free to get you started.
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See you again next week!
— Alejandro
This newsletter is for educational purposes. It does not represent financial advice. Do your own research before buying Bitcoin.