SteveBTC on nostr

US appears to be drifting towards soft YCC: good for borrowers and asset owners; bad for savers.

Capped yields + inflation = negative real returns on bonds/cash.

Middle class savers/bond-holders gets destroyed more.

Better get some sats.

Daire · 26w

What’s YCC

Steve ₿TC · 26w

Just to put in perspective of how destroyed the middle class is today. Top 1% of US earners now have more wealth than than the entire middle class: https://blossom.primal.net/91c0b72f19f3e42419a00000ae15d1b6eaeee32b86b701b696bdc498079df1a1.jpg