@WaldoStacker
Disrupt war. Liberate the bottom half. #Bitcoin (“plewbie” ~yellow). Editing @Stackchainmag
No relay list published yet.
Recent Notes
Charts for Pre-Coiners™️
Headline CPI ≠ workers' two highest expenses
Shelter prices = +5.2%
Transportation prices = +7.9%
Did your wages over the last year keep up with this? If not, you may want to start studying #bitcoin
Headline CPI ≠ workers' two highest expenses
Shelter prices = +5.2%
Transportation prices = +7.9%
Did your wages over the last year keep up with this? If not, you may want to start studying #bitcoin
❤️1⚡1
These are price increases, not inflation
So you’re ok with CPI = inflation?
*relative prices of workers’ largest expenses outpace their wages
*relative prices of workers’ largest expenses outpace their wages
Charts for Pre-Coiners™️
Headline CPI ≠ workers' two highest expenses
Shelter inflation = 5.1%
Transportation inflation = 8.8%
Are your wages keeping up with this? If not, you may want to start studying #bitcoin
Headline CPI ≠ workers' two highest expenses
Shelter inflation = 5.1%
Transportation inflation = 8.8%
Are your wages keeping up with this? If not, you may want to start studying #bitcoin
2
Charts for Pre-Coiners™️
People aren't stupid: they know things are increasingly more expensive compared to what they earn
People expect this to get worse, not better
What many don't realize, yet, is that saving in #bitcoin can fix this
People aren't stupid: they know things are increasingly more expensive compared to what they earn
People expect this to get worse, not better
What many don't realize, yet, is that saving in #bitcoin can fix this
21🤙2💜1
Charts for Pre-Coiners™️
Happy New Year!
Looking back at the last 10 years, wages have not kept up with the costs of many mandatory expenses (BLS data).
As you look to 2024 and beyond, perhaps now is a good time to learn more about the hardest money in human history: #bitcoin
Happy New Year!
Looking back at the last 10 years, wages have not kept up with the costs of many mandatory expenses (BLS data).
As you look to 2024 and beyond, perhaps now is a good time to learn more about the hardest money in human history: #bitcoin
11🎇1🤙1🦫1
Charts for Pre-Coiners™️
Stack both bars on top of each other and notice the variation among income quintiles on real wage growth over this 9-year period.
Lower-middle and middle income earners are falling behind by a large margin.
Saving in #bitcoin long-term can fix this.
Stack both bars on top of each other and notice the variation among income quintiles on real wage growth over this 9-year period.
Lower-middle and middle income earners are falling behind by a large margin.
Saving in #bitcoin long-term can fix this.
According to John Haar, “The median price of a US home in 1940 was a little under $3k. Today it's around $450k.
That's an average increase of ~6.25% per year.
If that rate continues, in 30 years the median price of a US home will be over $2.6 million.”
*******************
Taking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:
The estimation of median wages in 1940 = $774 (US Census, average men/women)
In 2023, estimated median wages = $57,200 (BLS)
In 1940, rate of housing-to-wages = 3.9x
In 2023, rate of housing-to-wage = 7.9x
1940-2023, wages = 74x
1940-2023, housing = 150x
Got #bitcoin ?
That's an average increase of ~6.25% per year.
If that rate continues, in 30 years the median price of a US home will be over $2.6 million.”
*******************
Taking John’s math and combining it with income, we see the *rate* of housing increasing twice as fast as wages, forcing many people to go deeper and deeper into debt should they want to own a home:
The estimation of median wages in 1940 = $774 (US Census, average men/women)
In 2023, estimated median wages = $57,200 (BLS)
In 1940, rate of housing-to-wages = 3.9x
In 2023, rate of housing-to-wage = 7.9x
1940-2023, wages = 74x
1940-2023, housing = 150x
Got #bitcoin ?