ilmscore | Prediction Details
"now with money it takes a couple push of a buttons and now you can print out a hundred dollar bill what this means is if you go to work for 10 years and you save all this money you're going to save up a lot of money because you put in a lot of value over this 10 years at your job but if you just keep this money in the bank somewhere your money is not going to grow it's going to sit there flat but because this money that you're saving is just paper money the United States government has the ability to print money on command and we've seen this happen year after year after year the United States government keeps printing more money the United States National Debt keeps growing and when that happens more dollars enter economic circulation and each new dollar now dilutes the value of another dollar because as you have more dollars in the economic system the value of each dollar goes down that's why the price of Coca-Cola has gone up by 20 times over the years it's not like the value and the taste of a Coca-Cola has gotten 20 times better it's that the value of your dollar which is buying the Coca-Cola has dropped"
By Minority Mindset | October 1, 2023 | Pending
From video
The Secret To Actually Earning Passive Income | Jaspreet Singh 01:11:49 - 01:12:44
Interpreted Prediction
Modern fiat currency, unlike gold, is not backed by a tangible asset and can be devalued through government printing. This inflation means the purchasing power of saved money decreases over time, as evidenced by the rising prices of goods like Coca-Cola.

Prediction Details

Topic
Value of Money vs. Gold Standard

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