Hear ya. I'm just sitting here watching the Yen devalue, day after day, month after month. Their Healthcare system may be better focused, but the country is economically sick, getting weaker and poorer. How long before Dr. Yellen needs to administer another big, fat dose of swap line?
Just because you choose to mostly post this personal fluff on Nostr (and presumably provide more substantitive macro content in walled gardens of X and Princeton, and with leeches like McCormack, etc) please don't assume this helps your brand or furthers your cause, or that you've accurately identified the Nostr segment for purposes of your marketing. I think the data will show others are growing faster than you on Nostr. Just a thought.
The size of the industry which supports fiat monetary policy, globally, is so insanely large that it is nearly incomprehensible.
Think of all the banks. All the academia. All the brokerage houses, trying to predict and outperform inflation (mostly unsuccessfully). All the media. All the accountants. All the legal infrastructure. All the computing power. The physical plant. All the time and energy. Etc, etc.
Then...think how the incentive structure of all these people allocates resource, and how it compounds through time, and across all society.
Then...think of the price of #bitcoin.
Then...stay humble, and stack sats.
If Elon is agreeing to reduced X usage in exchange for higher satellite and car sales at different companies controlled by him, it sounds like he is self-dealing and not acting in the best interests of X. If I was an investor in X, who was told it was going to be a free speech platform, I could have grounds for a lawsuit.
Love that this rabbit hole has rabbit holes.
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Also, try not to shame or ridicule to those that don't get it or cannot get it. We often can't make the situation better, but we can always make it worse.
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We are all parents of #bitcoin. 🤣👍
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I'm thinking this is a wonderful way to orange pill.
"Are you worried about the cost of everything going up? Are you afraid basic things, like food and housing is increasingly hard to afford? Are you worried about your future?"
If "yes," then "the problem is not the cost of the house or a Big Mac. The problem is the currency you are using to pay for it. Look at this chart...."
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So important for people to know thyself!
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If Trump was worried about debt levels, he wouldn't have spent his 4 years as President telling the Fed to lower rates and go negative, and spending like crazy. He'd also be deleveraging his own companies, which drown in debt, and have them adopt a bitcoin strategy. Everything else is just talk. Noise, not signal.
Follow the incentives! Thanks for the confirmation.
Of course, Twitter is filled with these wankers, who know better, are selfish, feign ignorance and are dishonest when confronted with their treachery, and cannot be trusted.
The bitcoin celebrities who use their platforms are similarly worthy of distrust.
Are we so naive to think the block size wars will be the first time rich people think they have more control or influence than exists in reality? Saylor is lost, and maybe captured. But Bitcoin doesn't care. Tick tock, next block.
The Great Gatsby is a favorite, in part because it tells the story of a Midwesterner trying to make sense of the distorted East Coast culture and, in the end, finding the only answer is to leave. The Midwest of the United States is a metaphor for commodity based economies. East Coast reflects fiat. The latter can can have us dizzy for a bit. The rollercoater is fun and maybe larger than life. But, even if intentions are pure and everyone wants the best, the foundation is not solid or real. The fun is temporary. In the end, Midwest values prevail: Family, faith, friends, community, rooted in the energy we put into the land.
"A sleeper met in his dreams the Prince of Darkness, finding him to be erect of figure and fair in countenance. He addressed him, 'O handsome Prince! Men know nothing of your beauty, but always depict you as fearful and hideous!'
Lucifer smiled, replying, 'Those figures have been drawn by my enemies, who blame me for their eviction from Paradise. It is in malice that they portray me so.'"
- Sheikh Mushariff-Ud-Din Sa'di, 1184-1291 (aka Sa'di of Shiraz) translated from Bustan ("Garden")
I feel sadness for those who choose to believe lies, or lack the courage to act on the truth to protect themselves. I try to help, but also realize that I have limited control and can't change or help many.
For those that knowingly tell the lies, or don't respect my decisions, I have no time. These people are not human.
Odell, dropping truth bombs. Love it.
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Mises teaches us that centralized, governmental intervention in markets leads to scarcity. As Lyn points out, we are seeing a scarcity of private investors willing to buy Treasuries, due to the Fed's manipulation and intervention. And it is predictably getting worse, as we stare into the abyss of socialism.
Your words and awareness are powerful, because they reflect deep healing and proof of work. Congrats on finding peace, with thanks for sharing the wisdom from the journey. We are all broken souls.
My Keynesian-based economic courses glossed over monetary theory and impact, and I wasn't smart enough to question why until Bitcoin forced the issue. Hats off to you for getting to reality and truth quicker!
It is important to love yourself, and protect yourself.
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Russia replaces its Defense Minister with an economist.
While MSM keeps a narrow focus on Ukraine, is Ukraine just a tactic part of a larger economic assault on the US and its allies? Thinking longer term, was the Cold War nothing but an economic war?
And, then more recently, remember that before the stock market fell in early 2020 due to the Covid narrative, it first went down limit over a couple days due to Russia manipulating the price of oil down to levels unsustainable for highly leveraged shale producers, seeking to put them out of business.
Then, Covid causes the entire US economy to become over leveraged. And now Russia has an economist formally calling the next shots.
It seems Ukraine is a side show, part of a larger attack on the US economy, those reliant on it, and the USD.
Lyn speaks the truth. BTW, this is why I can't read or listen to MSM, because they just don't get this truth and it is increasingly painful to see them reinforce the same faulty assumptions and common wisdom.
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Just because the stock market isn't crashing, it doesn't mean the world isn't in serious trouble.
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"A sleeper met in his dreams the Prince of Darkness, finding him to be erect of figure and fair in countenance. He addressed him, 'O handsome Prince! Men know nothing of your beauty, but always depict you as fearful and hideous!' Lucifer smiled, replying, 'Those figures have been drawn by my enemies, who blame me for their eviction from Paradise. It is in malice that they portray me so.'" - Sheikh Mushariff-Ud-Din Sa'di, 1184-1291 (aka Sa'di of Shiraz) translated from Bustan ("Garden")