{"id":16020,"date":"2021-10-17T08:11:52","date_gmt":"2021-10-17T08:11:52","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=16020"},"modified":"2021-10-17T08:11:52","modified_gmt":"2021-10-17T08:11:52","slug":"bitcoin-and-inflation-of-fiat-currency","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=16020","title":{"rendered":"Bitcoin and inflation of FIAT currency"},"content":{"rendered":"<p id=\"0aaf\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\">&#8220;One of Warren Buffett many hidden quotes that stand out is:<\/p>\n<blockquote class=\"ja jb jc\">\n<p id=\"0db9\" class=\"ie if jd ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\"><strong class=\"ig je\"><em class=\"dt\">\u201cRule Number One: Never lose money. Rule Number Two: Never. Forget Rule Number One.\u201d<\/em><\/strong><\/p>\n<\/blockquote>\n<p id=\"363a\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\">Though one must not take Buffett literally, in this case, we\u2019re are seeing something interesting happening now.<\/p>\n<p id=\"8bee\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\"><strong class=\"ig je\">More than half of the world\u2019s wealth is about to lose 90% of its value.<\/strong><\/p>\n<p id=\"ae54\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\">Here\u2019s what I mean.<\/p>\n<p id=\"fae5\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\"><strong class=\"ig je\">Out of $400 trillion of total global financial assets, $200 trillion is invested in debt-denominated instruments or bonds.\u00a0<\/strong>If we assume a 10\u201315% real inflation rate going forward, half of the world\u2019s wealth will evaporate within the next ten years.<\/p>\n<p id=\"27f7\" class=\"ie if dt ig b ih ii gx ij ik il hb im in io ip iq ir is it iu iv iw ix iy iz dm bg\" data-selectable-paragraph=\"\">For better or worse, bonds used to offer 5\u20136% return. If you assumed inflation was 1%, it\u2019s understandable that you\u2019d want to buy them. But that\u2019s no longer the case.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/medium.com\/beyondmoney\/half-of-the-worlds-wealth-is-about-to-lose-most-of-its-value-3193a96583d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;One of Warren Buffett many hidden quotes that stand out  [&#8230;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16020","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/16020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16020"}],"version-history":[{"count":0,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/16020\/revisions"}],"wp:attachment":[{"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winningthinking.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}