It is a mechanism of classes, not a conspiracy. The constant 2% inflation has a huge variance on the people based on what they possess. When you own assets, they will be increasing at or better than inflation. You are hedged almost passively, and you tend to make no decision. But suppose your savings account is the sole store of value? You're running on a treadmill that's slightly faster than you every year. Buffett currently has more than $350 billion of cash and short-term treasuries. He is sitting, very intentionally, on the sidelines. Not that he forgot about inflation. He knows the other risks: the interconnections of the banking system, the panic process, the latent vulnerabilities that he has hinted at. He therefore is able to wait. And what does the common man do, who must make a choice with that which he really possesses, this week, in this system? Keep money, lose a little, unseen. Take a chance, might win, might lose it all. It is a forced choice that is made up purely of rules that they did not write. And that must make people really angry. The majority of people simply do not know what, or who.
It is a mechanism of classes, not a conspiracy. The constant 2% inflation has a huge variance on the people based on what they possess. When you own assets, they will be increasing at or better than inflation. You are hedged almost passively, and you tend to make no decision. But suppose your savings account is the sole store of value? You're running on a treadmill that's slightly faster than you every year. Buffett currently has more than $350 billion of cash and short-term treasuries. He is sitting, very intentionally, on the sidelines. Not that he forgot about inflation. He knows the other risks: the interconnections of the banking system, the panic process, the latent vulnerabilities that he has hinted at. He therefore is able to wait. And what does the common man do, who must make a choice with that which he really possesses, this week, in this system? Keep money, lose a little, unseen. Take a chance, might win, might lose it all. It is a forced choice that is made up purely of rules that they did not write. And that must make people really angry. The majority of people simply do not know what, or who.

It is a mechanism of classes, not a conspiracy. The constant 2% inflation has a huge variance on the people based on what they possess. When you own assets, they will be increasing at or better than inflation. You are hedged almost passively, and you tend to make no decision. But suppose your savings account is the sole store of value? You're running on a treadmill that's slightly faster than you every year. Buffett currently has more than $350 billion of cash and short-term treasuries. He is sitting, very intentionally, on the sidelines. Not that he forgot about inflation. He knows the other risks: the interconnections of the banking system, the panic process, the latent vulnerabilities that he has hinted at. He therefore is able to wait. And what does the common man do, who must make a choice with that which he really possesses, this week, in this system? Keep money, lose a little, unseen. Take a chance, might win, might lose it all. It is a forced choice that is made up purely of rules that they did not write. And that must make people really angry. The majority of people simply do not know what, or who.

It is a mechanism of classes, not a conspiracy. The constant 2% inflation has a huge variance on the people based on what they possess. When you own assets, they will be increasing at or better than inflation. You are hedged almost passively, and you tend to make no decision. But suppose your savings account is the sole store of value? You're running on a treadmill that's slightly faster than you every year. Buffett currently has more than $350 billion of cash and short-term treasuries. He is sitting, very intentionally, on the sidelines. Not that he forgot about inflation. He knows the other risks: the interconnections of the banking system, the panic process, the latent vulnerabilities that he has hinted at. He therefore is able to wait. And what does the common man do, who must make a choice with that which he really possesses, this week, in this system? Keep money, lose a little, unseen. Take a chance, might win, might lose it all. It is a forced choice that is made up purely of rules that they did not write. And that must make people really angry. The majority of people simply do not know what, or who.