Inflation isn't transitory. It's permanent.

JPow was getting on TV for months and repeating the "transitory" adjective to describe inflation. Most recently, he had to clarify what he meant. He never meant that prices would go back to where they were after a while. Oh no. He meant that after prices rise 5-10% over the next months to years, we can all get used to the new normal.

After rising 10%, Jerome promises that inflation will go back to a 'reasonable' 2%. So what costs $100 will cost $110 and then continue increasing by ~$2 a year.

This is theft. JPow, leader of the Federal Reserve, is stealing from your Grandma on a fixed income to hand to his buddies at Goldman and Boeing/Raytheon. Your Grandad that was promised $1000 in social security now can now afford a little less food.

Guess what else? Let's assume that your salary keeps pace with inflation (it doesn't). So food costs 20% more and you make 20% more. Sound OK? Well congrats: you're in a new tax bracket. That extra 20% salary is getting killed at your highest marginal tax rate. Fiat is a trap.

This is what sold me on crypto. I started moving some of my gold buys into crypto long before I knew what a UTXO was. There is only 21 million, and the Fed can't rob us of our BTC without people knowing about it. No stealth inflation tax.

It doesn't matter why you're in crypto. You are helping do something important: freeing the people from their well-respected oppressors. Be proud of yourselves. This isn't sending thoughts and prayers on Twitter or pressing a GD like button on Facebook. You're putting your money (and thus a portion of your life) on the line.

HODL.