In times past, the struggles of the average person often seemed manageable, but today, countless diligent individuals are facing unprecedented challenges. Achieving homeownership, funding education, and saving for retirement have become alarmingly difficult pursuits. Additionally, the value of these achievements feels increasingly uncertain.
— Gentlemen-Rankers, Rudyard Kipling
Insults and Offenses
After 80 years, many hardworking citizens find themselves in a precarious situation, struggling to navigate the complexities of modern life. Home buying, paying for college, and setting aside savings for the future have become daunting tasks. Furthermore, the anticipated advantages of these efforts are increasingly questionable.
Currently, a troubling trio of issues undermines the fruits of labor, saving, and financial responsibility. This predicament is deeply frustrating, especially for those striving to provide for their families.
At the heart of this turmoil lies the creation of fiat money by central banks, which is then exacerbated by commercial banks through fractional-reserve banking practices. This system breeds financial instability and economic uncertainty. Consequently, individuals working hard to improve their circumstances are often met with significant challenges, as the ebbs and flows of monetary supply disrupt their efforts to get ahead. Continue reading
