Hey Reddit Fam...
I'm trying to explain inflation and its simplest terms to friends on my Facebook page but before I post I want to make sure that the following statement is accurate and true....
If you live in a neighborhood that has 10 houses, and each neighbor posesses $1,000 then you can say each neighbor owns 10% of the total $10,000 money supply.
Now, if the HOA of said neighborhood prints $10,000 of new (stimulus) money, and gives each of the 10x neighbors a $500 (stimulus check), each neighbor now has $1,500 and the HOA possess $5,000...
Which means the HOA posesses $5,000 OR %25 of the total $20,000 money supply...and each neighbor now has $1,500 or only a %7.5 share of the total money supply.
Please comment with any edits I need to make or even suggestions to better explain to friends and family.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments