Recently, an invoice for $ 100 could cover dinner, film and drinks. Today it may not even be enough for the meal – and in the next decade it probably stretches. This is not a case of bad luck, but a feature of newfangled cash systems: inflation is built.

In the modern CointeLgraph movie, we examine why money consistently loses its value over time and why the governments really want it.

The story begins in 1944 together with the Bretton Woods agreement, when the US dollar was associated with gold for $ 35 per ounce. This link ended in 1971 with “Nixon’s shock”, changing the dollar – and every main currency in the world – in pure Fiat, supported only by government trust.

Since then, the shopping force has been constantly falling: the dollar in 1971 buys what is currently taking over seven dollars. Of course, printing money is not the only driver. Energy shocks, supply chain interference and growing wages also boost prices.

And while central banks insist that inflation about 2% is “healthy”, the long -term effect is the devaluation of the currency of Fiduat. What does this mean for saving? Is there an alternative to the FIAT system?

Some say that gold or Bitcoins (BTC) offer protection because it is occasional in the way paper money is not. Others warn that without adaptable cash supply of the economy would fall as a result of debt.

The full video Cointelegraph gets deeper into this story, the risk of the refugees of inflation and strategies using people to protect their wealth. Check the full movie On our YouTube channel.

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