Trickle down economy is a joke. Modern monetary theory with central banks have made a complete joke out it. Those close to the money source get richer, while those farthest earn pennies.
Greatest wealth transfer in human history is happening and you are all in the midst of it. (Credits in the end)
A small thread 🧵 👇
So let's talk about generations based on their birth years for a second. Baby boomers are the wealthiest of all generations and they're gonna retire & transfer wealth.
Gen Z (1995-2015)
Millennial (1980-1994)
Gen X (1965-1979)
Boomer (1944-1964)
Assuming $500 trillion as total global wealth, USA 🇺🇸 holds about 13.6% of global wealth, which is $68 trillion.
For this thread we are only considering just US population, even though the world is large enough to hold 191 other countries with massive population living outside.
If you’re worried about the #Bitcoin network energy usage, here are some facts to lean on…
Factually it uses <1% of global energy.
As per the BlockCap report it uses much lesser than 1% of global energy, yet serving as the decentralized digital alternative to an inflationary & central banking based financial system.
Comparing national energy consumption to #Bitcoin network, the kind of energy it consumes is important to take into consideration…
Excess energy from hydro power, natural gas flares, geothermal energy. More energy is wasted in transmission losses than what’s used by Bitcoin.