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In this video, I discuss how Fed money printing has been the primary way that the US has financed its foreign wars over the past 20 years.

When you have only a small percentage of the population actually fighting in a war, and that war is being funded by inflationary money printing (or by shifting the debt burden to subsequent generations)--

It's quite likely that you will end up with more expensive and more useless wars than you otherwise would have.

Under a Bitcoin standard, no nation will be able to go to war without the express social and financial approval of its population, who will need to be willing to fork over some of its Bitcoin to fund the war.

When you hear "fiat money," you should immediately think of lies, broken promises, death, and destruction.

By contrast, Bitcoin promises to usher in a more peaceful and just society.

Not investment advice! Consult a financial advisor.

Memorial Day:
https://en.wikipedia.org/wiki/Memorial_Day

WW2, Korean War, and Vietnam War all funded by tax increases:
https://en.wikipedia.org/wiki/Revenue_Act_of_1942
https://en.wikipedia.org/wiki/Impact_of_the_Korean_War_on_the_economy_of_the_United_States
https://en.wikipedia.org/wiki/Revenue_and_Expenditure_Control_Act_of_1968

Obama and Bush both cut taxes:
https://www.americanprogress.org/article/obama-vs-bush-whos-the-bigger-tax-cutter/

Costs of the 20-year war on terror:
https://www.brown.edu/news/2021-09-01/costsofwar

Federal Reserve's balance sheet:
https://fred.stlouisfed.org/series/WALCL

Conscription in the US:
https://en.wikipedia.org/wiki/Conscription_in_the_United_States

How many Americans served in WW2:
https://timeline.com/its-amazing-just-how-many-americans-served-in-world-war-ii-18d197a685ca

How many Americans served in War on Terror:
https://www.forbes.com/sites/niallmccarthy/2018/03/20/2-77-million-service-members-have-served-on-5-4-million-deployments-since-911-infographic/?sh=2cedd71350db

Kunduz hospital airstrike:
https://en.wikipedia.org/wiki/Kunduz_hospital_airstrike

The Invisible Cost of War in the Age of Quantitative Easing:
https://bitcoinmagazine.com/culture/how-the-fed-hides-costs-of-war

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#fed
#war

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