What's The Problem?

The slides below are from a 30 minute video, What’s The Problem?, a highly recommended introduction to why fixing our broken money is so important…

Governments have been given the ability to create more money whenever they need it (pressing “The Big Red Button” in the video). They’re only supposed to do this in emergencies, but once governments have the ability to print money the temptation is to press that button whenever they don’t have enough funds to meet all their spending promises, i.e. all the time!. Virtually every country around the world is creating mind boggling amounts of money (think $trillions) and the printing is accelerating.

This is the major cause of price inflation, leading to other problems downstream, including:

• quality of food and goods degrades, affecting health
• wealth inequality increases
• families and society start to break down

When government has access to unlimited funds, other things become easy for them because they no longer have to ask the voters for money, even though it is the people who ultimately pay. You end up with:

• crony corporatism, and political corruption
• bank bailouts
• forever wars in distant parts of the world

To cover this up, governments often end up capturing or otherwise regulating the media.

If you recognise these problems in your life or society, then you might want to learn about Bitcoin, as it fixes the root cause: the broken money and that Big Red Button.