Have you seen this? All the Money in the World - Visual from demonocracy

[centralbanksequalsbombs]

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

Have you seen this?

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[centralbanksequalsbombs]

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

Man this is so true. I know many people with a nice house, nice cars, nice clothes and who are in debit up their their eyeballs and beyond. You are right the net worth of the homeless man with no debt and a few coins in his pocket is higher than most of the debt slaves living in their bank owned houses, bank owned cars, and wearing their credit card charged clothes as their paychecks for the next 40 years are already allotted to someone else.

If Bitcoin even has a small impact on changing this scenario for even a few people the world will become a much better place.

indeed people who own luxury cars and luxury homes mostly have debt to the bank. it would be nice if we invest with bitcoin maybe we will not owe to the bank. most people invest with bitcoin they get a big profit, then they will not owe it to the bank.

As a currency is worth less overtime, the burden of debt stings a little less as long as you purchased assets that had appreciated with value in that time (or gone down less than the currency's devaluing)

[centralbanksequalsbombs]

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

Have you seen this?

Cannot wait for the 2018 update.

[Kakmakr]

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

You could not have said it any better.  In my family and extended family some people think they are rich when they drive fancy new cars and live in big houses. <All of that bought with debt> ^grrrrrrr^

Last Xmas I spoiled their party and I told them to compare their Net value to that of a homeless man with $10 in their pocket and the reality hit them very hard. <They look with new eyes to homeless people now> ^smile^

[MasterJek]

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

[centralbanksequalsbombs]

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

EXACTLY and in all these poorer places the more accessible item they have is cell phone - this allows them to hold even minute amount of savings into a store of value asset that will protect/and grow their little wealth over long-term. Bitcoin is accessible to the poor across the world.

Traditional central bank system assets are NOT accessible to the poor: Stocks, Houses/Real Estate, Oz of Gold bars, Bonds.

[centralbanksequalsbombs]

I encourage you to scroll through this cool visual here of the liquidity pyramid which includes bitcoin (Jan 2017 already being dated):

http://demonocracy.info/infographics/world/lqp/liquidity_pyramid.html

[centralbanksequalsbombs]

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

Indeed, literally all Americans except the homeless are considered as rich by global standards. Even richer or wealthier individuals living in poorer countries could be considered less wealthy due to the low level of public infrastructure.

Most people living on modern societies are in debt, so they are poorer than a homeless man with $2 in change in his pocket.

You could not have said it any better.  In my family and extended family some people think they are rich when they drive fancy new cars and live in big houses. <All of that bought with debt> ^grrrrrrr^

Last Xmas I spoiled their party and I told them to compare their Net value to that of a homeless man with $10 in their pocket and the reality hit them very hard. <They look with new eyes to homeless people now> ^smile^

Debt works okay if the assets you acquire with that debt exceeds the value of the debt and you have all funds to make payments required. But what happens if the asset you purchased with debt goes down in value instead??

[centralbanksequalsbombs]

Liquidity pyramid keeps getting pumped with credit fiat - look at how much stocks have moved since posting this!

[centralbanksequalsbombs]

The biggest catalyst that'd make BTC price skyrocket higher is simply move all your BTC to your PERSONAL bitcoin wallet (move off of Coinbase, Binance, Bitfinex, Square, Robinhood, CBOE/CME futures).

Fractional reserve, BTC lending, rehypothication is a bitch and can perpetually create no floor for prices by establishment market manipulators.

Plus if history is any indication, one these avenues will blow up and wreck the "holders" of bitcoin that really wasn't there because they failed to take such advice.

Take it off the exchanges and see what happens.

[aryatrals]

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

not so surprising, if we realize the velocity of money in the world using dollars automatically the country of origin of the dollar is the American state will be the sole ruler in the world, because they control the dollar, so the American people will always be the richest in the world, this is not strange, but if the crypto currency is able to turn off the dollar, in the future the richest people will not be Americans, but anyone who controls crypto.

[centralbanksequalsbombs]

Reminds me of the site that ranks your global wealth based on assets, income, etc. Most people in the 'lower class' division of America are still in the top 10% or something globally. Staggering!

not so surprising, if we realize the velocity of money in the world using dollars automatically the country of origin of the dollar is the American state will be the sole ruler in the world, because they control the dollar, so the American people will always be the richest in the world, this is not strange, but if the crypto currency is able to turn off the dollar, in the future the richest people will not be Americans, but anyone who controls crypto.

Spot on - great post!