Anonymous Artist Torches Over Ten Grand In US Currency
Crypto Art Collection “Fiat’s on Fire” Series to Hit OpenSea on Bitcoin White Paper Anniversary Ahead of NFT Week
“40% of the total US dollar supply in existence has been printed since the start of the pandemic. Money printing is essentially financial doping, it is like pumping the economy full of steroids. Because rich people can access capital in a way that poor people can only dream about. Fiat’s on fire, both figuratively and literally” - the anonymous artist explains to Bywire3.
According to World Bank* estimates, Covid-19 drove an additional 97 million people worldwide into extreme poverty, increasing the global poverty rate from 7.8 to 9.1 percent; 163 million more people are now living on less than $5.50 a day. At the same time, America’s billionaires grew $2 trillion richer thanks to the pandemic, with their fortunes skyrocketing by 70%. It is easy, then, to see why the US and its currency are generally accepted as the poster child for greed, power, and corruption. “Fiat’s on Fire” is intended to fuel the conversation around how unchecked capitalism is burning the opportunities of millennials and Gen Z, destroying the planet and devaluing global currencies.
“All paper money will eventually revert to its intrinsic value – zero.” The anonymous artist assures us.
*Source: https://blogs.worldbank.org/developmenttalk/covid-19-leaves-legacy-rising-poverty-and-widening-inequality
Michael O'Sullivan
Bywire News
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1 https://opensea.io/collection/fiats-on-fire
2 https://fiatsonfire.com/
3 https://bywire.news/articles/anonymous-artist-burns-over-dollar10000-in-cash-nft-week-begins-early