Freedom to Save

In the United States Bill of Rights, there are ten original amendments that dictate rights that citizens of the United States have without restriction. They are all very important and have helped champion the United States as the leader of the free world for hundreds of years but none are more frequently cited than the first and second amendments.

The first grants a citizen the right to free speech and free press, freedom of religion, and the right to peacefully assemble. All of these rights granted enable people to live a free life. The First Amendment is the basis for the life choices you are free to make.

The second grants a citizen the right to bear arms. This allows them to hold self-protection and also acts as a deterrent against any militant government actions. A united group of protestors is mighty. But arm them, and they are an omnipresent invisible army against the actions of the government.

A reality of any of these rights we deem to be unilateral and unalienable is that without the freedom to purchase, these rights can be taken away from you synchronously.

• Have your bank account frozen and you can no longer donate to support your church or religious community.

• Have your bank account frozen and you can no longer purchase gas to drive to the protest or the materials to make the signs that hold your message to the outside viewers.

• Have your bank account frozen and you can no longer purchase a weapon to defend yourself and must rely on government establishments to protect you.

Freedom to purchase is a right not enough people consider every time they choose to spend their hard-earned dollars on a good or service.

We have seen instances of governments autocratically shutting off citizens’ access to their banks, and with it their freedom to purchase. During the Canadian Trucking protest, peaceful truckers who were exercising their right to assemble suddenly found their bank accounts shut off and closed after the Canadian government identified who they were.

This led to missed rent payments, the inability to buy groceries, and many other catastrophes in their daily lives. All because they could no longer freely purchase.

With decisions to bring about CBDCs (Central Bank Digital Currencies) as a means of payment, many more governments will have instantaneous control to shut off someone’s bank account if they step out of line. China has already adopted a CBDC system and with it came a social credit score system. If citizens act out of line, they can suddenly be unable to ride the bullet trains, apply for loans, or suffer other consequences.

The methods above are active efforts by a government to steal your right to purchase. In the United States, we have had many elected officials champion the idea that a CBDC would never be started in the United States but unfortunately there is still a grim reaper infiltrating our society and stealing our right to purchase.

The freedom to save is being stolen from citizens, generation by generation, all the while it siphons off your freedom to purchase. The inability to save is stealing your right to purchase year after year.

When my grandparents were children, you held cash, and that cash could retain its value from year to year. By the time my parents were adults, the idea of savings had fully transformed from only holding hard assets to investing in the stock exchange. “Beating the market,” compounded interest, and time in the market suddenly became the name of the game. If you aren’t playing this game, you are losing money year after year.

The change in how people “saved” that rapidly occurred, and is reflected by the dollars’ continued loss of purchasing power, is a direct result of inflation and moving off of a sound currency. With more money being printed and entering the economy, more money flows to goods that can retain their value. With the dollar losing, the winners have emerged in the equity markets.

This has also perpetuated the socioeconomic wealth differences because wealthy people are more likely to hold stocks while those in lower tax brackets are more likely to hold their cash. It also inherently forces people to become familiar with stocks and the companies they represent and then gamble their hard-earned dollars in an attempt to try and beat the rate of currency devaluation, or inflation.

A plumber with a wife and three kids can no longer just be a plumber to retire and send his children to college. He must also be a stock trader.

A doctor, a teacher, a truck driver… enter any profession and the reality does not change. They can no longer save in a way that is the definition of savings.

Savings in our society today has become synonymous with investing and that is wrong.

Investing should be an option to retain purchasing power, not an absolute necessity.

Savings should be guaranteed and assured.

Savings should not require the gamble that investing inherently brings.

Savings should enable people to plan for their future without the basal level of risk investing does.

In a world operating on a fiat currency, simply savings is a losing game. Losers of this game lose their right to purchase as their currency is devalued by the hands of inflation.

In the world with Bitcoin, the soundest currency known to man, savings can return to being savings.

Savings and investing can resume having separate definitions and people can plan accordingly.

With your freedom to save, your freedom to purchase is assured.

Stack Sats.

The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.