The pent-up demand for sound money is huge.

Explain to your family, relatives, neighbors, colleagues and friends how the monetary system works, how it affects us, and that inflation is a policy.

This will transform pent-up demand to actual demand.

Leave it to others, and the process will be slow.

Take action, and it will be rapid.

Network effects are alfa and omega.

Make my network part of your network, and it will become easier for you.


Norges Bank, the Norwegian central bank, don't wan't to debate me and my book, Fraudcoin..

The economics students' union at Nord Universitetet (one of our universities) tried to organize a conference.

After repeated requests to NB they finally said NO to them.

This is not the first time something like this happens.

Following my book "Kvikkleire" (Quick clay, which one professor in geology has said should be mandatory reading for geology and geotechnical engineering students) ESRA Norway (European Safety and Reliability Association) tried to set up a conference with me and the stakeholders from the "expert" community, the regulator and others.

When the authorities and consultancies heard that I was invited, they became reluctant to attend.

In the span of half more than half a year, from November 2021 to May 2022, ESRA proposed four different dates.

I said yes to each of them.

But ESRA couldn't get the stakeholders to commit people to participate in the conference.

It's evident that many don't want the truth to come out about how "experts" justifies inflation of the

- money supply, and
- the supply of land that is safe to be developed.

Nice world you live in, don't you think?
 https://image.nostr.build/62e6795ae91fee36365989a2b181292397b25c03f8a1e41c78652da8e5dc1f31.jpg

 https://image.nostr.build/00586ed600aa65c2ba2686946e806a29ef2427290b67ea7967346e172370395d.jpg


I wasn't writing about Bitcoin this time :-)


Yep, been like that for 3-4 generations now


I fundamentally disagree - worst excuse I've ever heard. No shoemaker works 24/7. Everyone must contribute, otherwise we may lose everything


Civilization has never had a worse freerider problem: Almost everybody believe someone else should protect their freedom and provide them with security. Time to wake up the lions.


Harstad is next up in my "Money tour" - then it's Tromsø. Nice to see that the local newspaper in Harstad writes about it 👌

https://www.ht.no/nyheter/i/rlvO9A/et-foredrag-som-boer-vekke-allmenn-interesse


Simple as that 😅


What happens when 10% of the people understand money?


Peter St Onge is a massive force of good

https://rumble.com/v4nf6bu-layoffs-in-mainstream-media.html


But it definitely makes grifters pop up like mushrooms


Yes, I just couldn't find any "w" in "fiat" 😁


That was the whole point with the test, there were two alternatives only, not a third one with both fertile soil and solid rock.


Probably not


In case you missed this one 👇

nostr:nevent1qqsxpvwll6rwka0xxrrg25ar977ya5wrt9j3t5af3d63p348fkavlyspz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpqe29v7w7jch2nz2w4efvjjymdjdr8klvflvg5tek5vapf02aqveqvzqqqqqqya4tlp9


When you ask X

"What do you want Bitcoin to be?"

and let the respondents have only two alternatives

and 10% of them choose

"Fertile soil"

instead of

"A solid rock"

you know that we have a lot of fighting ahead of us.

 https://image.nostr.build/fe12d7eea307285292e95c34f4a24bbebbf4caccbe57f2b1d875752502c4d89a.jpg


Fraudulent
Institution-controlled
All-out
Treasonous

money

There you have it: Fiat money


Incredible foresight indeed.

https://image.nostr.build/4dc0d8404f8bbdf6a8d13785ec23ea09a32566b3bc4fc6804ce81bcbe7aae19d.jpg


It's fantastic. The energy just needed an unbreakable container.


It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe a #bitcoin would cost 10M USD before tomorrow morning.

Henry Ford


With the logics of the big block proponents, the land registry should support registration of cinema ticket purchases.


A sound money base layer has sound trickle up effects


*hear


What do you think of statements like "it's a problem that bitcoiners can become a new financial elite"?

I here it more often these days.

Sometimes it looks like an attack.

Most times it feels like people just don't understand that a Bitcoin  economy makes it so much harder to centralize wealth compared with the traditional system.


A solid rock of a monetary base that we slowly can build the rest of the economy on

Fertile soil that enables growth of many crops, including non-monetary services and faster scaling of the transaction volume

What do you want Bitcoin to be?


What do you want Bitcoin to be?


Analysis:
 https://image.nostr.build/b73ea1b6ce06f93c53da2a6686899db353957e3fd206bc93dce1c5415f2e3e46.jpg
What could be a winning strategy for Washington?

When the US debt spirals out of control, it puts the USD's status as reserve currency at risk.

This begs the question - what's the best strategy forward for Washington, whether we're talking about the super wealthy, the leaders of the political class, the deep state, or the whole shebang?

I'll take a stab at this question below.

But first, let's look at some milestones for the USD as a reserve currency:

1945: The USD seals its reserve currency status when US airplanes bomb Hiroshima and Nagasaki

1973: Nixon saves the status with the petrodollar deal with Saudi Arabia

1991: Washington breeds new life into the status by letting Russia crumble in hyperinflation at the same time as the US makes a "we will buy your cheap consumer goods if you buy our treasuries and stay away from Russia" deal with China.

And here is the situation today:

- the public debt has spiralled out of control,
- the proxy war with Russia in Ukraine is a lost case,
- China hates the US and the US hates China,
- Russia and China are in love with each other, and
- the next likely reserve currency - #Bitcoin -  isn't controlled by a nation that the US can bomb to pieces.

So what is the dominant strategy for Washington in this type of situation?

My take:
Convince other countries to have a tight monetary policy, increase taxes, move further with the climate policy and fight against #Bitcoin   , while in parallell make sure that the US does more or less the exact opposite.

You see, this strategy comes from an old playbook:

In the 1920's the Federal Reserve was greatly helped by Bank of England when they tricked a number of other European central banks into adopting the "parity policy," which was all about rapidly shrinking the money supply. At the same time, the US and the UK continued to print money so that the rich could make bargains at the fire sale in the European countries that crashed their economies in a deflationary nightmare.

If you're in doubt about the potency of deploying something similar today - just take a quick glance at the leaders of the European political class. Then you ask yourself if you think they have the combination of IQ, leadership and care for their people that they need in order to withstand the pressure, gaslighting and bribes from the people in Washington.

To sum up:

The dominant strategy for Washington today isn't to start another war, but to convince other central banks and other governments, especially in Europe, to do really, really stupid things.


Always interesting comparing company announcements on nostr vs Twitter.

People on nostr are way more vocal and provide a lot of good feedback.

Turns out incentives to comment via zaps, and knowledge that comments will be seen and not hidden/censored goes a long way.


Nice, I like that idea too!


Absolutely, yes


Ok, I just haven't read about that


I suspect they have many admirers who still listen


Did they? When?


Can you say a littlebit more about what you think is problematic with the Talmud and money?


Really enjoyed your article, I think we share many of the same ideas


🤝
Your last sentence - I hope it changes totally if we get a sound monetary system.


Why I hate 1991

A story about two doctrines, the US neocon hegemony and the Norwegian battery, and a tough personal awakening.

32 long years
On Monday 24 July 2023, 32 years after the Soviet Union broke up, the whole thing about what has happened on the geopolitical scene and with my beloved Norway, begins to make sense to me. And therefore, I wrote this note, as a preliminary conclusion.

The braindead conscript
I was 19 years old when the Soviet Union collapsed. At the time I was serving my obligatory year as a conscript in the army in Skjold, up north in a region called Inner Troms.

When the news about the chaos in the Baltic countries broke out, the Norwegian defence system was put on high alert, and I remember that permissions to visit our families were withdrawn.

I wish I knew more about the world of politics back then. I wish that the 12 years of public schooling had taught me about the three pillars of politics:

. Monetary policy
- Security policy
- Energy policy

I had been one of the best in our class all the way. But in hindsight I hadn't learned anything about how society and politics really works. In this sense I was a braindead boy, a pawn and a conscript freezing my ass off somewhere deep in the Norwegian woods.
And of course, I understood zero of what was going on around me, except that we knew that we might have to defend ourselves against some crazy soldiers from Soviet Union.

The awakening
My awakening to what was going on at that time comes after having:

- written a book about inflation last year,
- been part of the public debate on monetary policy in the last few months, and
- reflected upon a recent interview with Jeffrey Sachs on The Duran Podcast.

The interview was the final piece in the puzzle. Sachs talked about how he had been part of a team that tried to facilitate cooperation between Russia and some of the East bloc states. He had thought that saving them from a hyperinflation scenario was everybody’s immediate concern. Something which turned out not to be correct, and which he at that time didn’t understand why.

The hosts, Alex Christoforou and Alexander Mercouris, who both are experts on geopolitical issues, were perplexed. This was the first time they had heard about it.

And so, it was for me. But, finally after all these years, I now begin to get a glimpse of what was going on in the world at that time, why it happened, and what it caused.

When I understood this today, I first became excited. Then I felt anger. And I also felt sorry about the boy from 1991, who had been kept so solidly in the dark.
But after having written this piece, I’ve managed to calm down, and to start looking forward again.

Let’s now have a look at what was going on back in those days.

The Americans’ dilemma in 1991
 Sometime in the late 1980s/early 1990s, it likely dawned upon the US government and its major constituents that the real question was:

“How can we assure that we get the financial benefits of printing of US dollars in a rapidly changing world with a collapsing Soviet Union?”

The situation involved great risks and even bigger opportunities.
One of the risks was the possibility of monetary deflation in the US.

The Fed and the government had allowed cheap credit to be used as a remedy to the stock market crash in 1987. By doing this, they kept the housing market alive, and the financial markets could then also move forward with the help of some of Fed governor Alan Greenspan uppers and steroids now and then.

In this situation, both debtors and creditors risked huge financial problems if things got out of hand internationally and many new countries begun to demand more and more USD.

If the domestic US economy became drained of USD, that meant monetary deflation and a spike in real interest rates domestically. This could cause havoc to an economy built on cheap credit and dollar hegemony.

How could the Fed and Wall Street be able to print enough USD in such a situation, without creating unmanageable bubbles in the markets, nationally and globally?

Another risk was that if the global reserve currency couldn’t meet the increasing demand for a functioning means of exchange, Russia would look for alternatives.

One alternative for them could be to default on the public debt and reintroduce gold as money.

Another more potent alternative could be to join the European countries, who were planning to create a common European currency, which later became the euro. The combination of the combined energy resources of Russia and Norway, a large common market and a common currency could easily become problematic for the US government.

In both scenarios, the USD could lose its reserve currency status.

If that happened, the US government would also lose its military supremacy as well as its No. 1 export commodity – the dollar.

The neocon solution
Today the following US policy measures, which were carved out by the neocons, and which begun in 1991, stand out:

- Saving Poland and other key East Bloc countries from hyperinflation by guaranteeing for their public debt, combined with bringing them into the EU and NATO fold.

- Turning down Jeffrey Sachs' plan to stabilize the Russian ruble with the same measures as were used to save the economy in Poland, thereby causing hyperinflation in Russia and many years of political instability inside the former superpower in the east.

- Convincing China to speed up economic reforms with the help of dollar loans from US investors and buying up US treasuries, in exchange for producing cheap goods that could be imported by the US, paid in USD.

- Relaxing house lending standards in the US, at the same time as obliging publicly funded Fannie Mae and Freddie Mac to lend handsomely to the poor, thereby creating a vehicle that made it possible to funnel newly created USD into the national and global economy.

All of this happened extremely quickly – in 1991 to 1992.

These measures created a financial policy framework for the US that made it possible for them to manage the monitory policy in a relatively controlled manner.
At least in the short term…

Happy
The neocon’s policy could please all the major stakeholders, thereby creating some sort of an equilibrium, domestically, as well as internationally:

- Wall Street, who has possessed the most power at least since the creation of the Federal Reserve in 1914, would benefit handsomely.

- The US government would keep its position as rulers of the world.

- The military -industrial complex would profit greatly if things got out of hand and brute force had to be used.
- The EU could prepare onboarding of many new member states with the likely blessing of the US

- China’s political elite could show the Chinese and the rest of the world how quicly and successfully they could lift its country out of poverty and become a real international contender.

Everybody would be happy.

That is – except for Russia.

Short-term success, long-term turmoil
Although these measures could be seen as successful in the short term, they caused a high number of unintended consequences in the longer term.

We all know about the many wars and the financial instability we've had globally in the 32 years since 1991.

However, I will in the following turn your attention to Norway and have a look at the role that my country got to play when the shit started to hit the fan during the financial crisis in 2008.

The legacy of Jens Stoltenberg
Smack in the midst of the Great Financial Crisis, the Norwegian Prime Minister Jens Stoltenberg and his government launched the idea in March 2008 that "Norway can become Europe's battery".

The concept was that Norwegian wind and hydro power could solve the coal- and nuclear dependent Europe’s need for access to safe, climate friendly, and renewable energy.

This year also marked the beginning of 15 years of more or less systematic debasement of our currency, the Norwegian krone (NOK). It has since then lost roughly 50% of its value against the USD and 25% against the EUR. The last year the NOK has become a veritable shitcoin.

As we shall see the "battery for Europe" doctrine has also been put into place in the exact same timeframe.

In 2013 the government made the decision to build two new high-capacity power cables, one to the UK and one to Germany. This was a large and costly project that would take many years to complete.

In 2014 Stoltenberg switched roles and became Secretary General of NATO. This was the same year as the coupe in Ukraine, when the neocons in the US government started their big push for Ukraine membership in NATO.

Recent Norwegian energy policy
The power cables to Germany and the UK were put into operation in 2020/2021. In exchange of export of electricity to the Germans and Brits, we immediately imported their electricity prices, which were significantly higher.

As a result, electricity prices spiked at once in the southern and middle part of Norway, causing an uproar among the voters.

Our country has been built on cheap energy, but the cables marked an end to this era. People and companies had to adjust to a reality with sky high electricity prices compared to what we used to have, and many small and medium businesses have folded as a direct result of the cables.

This sudden electricity tax, which it became in reality, has been complimented with an insane use of subsidies from the Norwegian government to various renewable energy projects in the form of land and ocean wind farms, battery projects and much more.

Foreign large corporations have been the main recipients of the subsidies, which are financed over electricity bills to Norwegian consumers and corporations, as well as in the form of taxation.

Devaluation and energy export
The relationship between the Norwegian monetary policy and our energy policy is straight forward: Devaluation of the NOK makes it cheaper for European countries to buy energy exported from Norway.

The political motive for the battery doctrine
It might be that you believe that this is something that Norway has done as some part of a European project. Our current PM, Jonas Gahr Støre, who IMO best can be described as a climate fanatic and Europe romantic, might hope so. If you instead “torture” Jens Stoltenberg for answers, you would probably come closer to the truth.

The last few decades Germany has become increasingly skeptical to US foreign policies. Germany saw the possibility of becoming more independent from the US, by making closer ties to Russia. Gas pipes were built from Russia to Germany, and they made long term contracts for supply of gas.

The only problem was that the Germans were stupid enough to shut down the country’s own nuclear plants, making them even more dependent on gas supplies from Russia. It’s beyond any doubt that this caused panic and outrage among the neocons in the US government.

Washington, not Oslo
Norway has been a vassal state under the US since the end of WWII, and it’s highly likely that both ideas, the currency devaluation as well as the battery doctrine, came directly out of Washington. The Norwegian citizens were supposed to be the ones who would have to pay the price for keeping European countries from trading with Russia, and thereby prolong American hegemony.

In this way the Norwegian taxpayers and our hydropower dams became financial batteries in the US government’s fight for protection of the status of the USD as the global reserve currency.

We can create our own future
As what seems to be a proxy war between the US and Russia in Ukraine slowly seems to come to an embarrassing conclusion for Biden, Nuland, Blinken and the other neocons, the Norwegian citizens continue to pay a high price. Electricity bills still put companies out of business, and cause hardship to the people. And the madness related to battery and ocean wind projects seem to have no limit.

In this situation I cannot but help myself from hating 1991. For me it will forever stand as a symbol of my ignorance and a public education system that had created a brainwashed kid who knew nothing about what was going on around him.

On the other hand, I cannot let this hate burn me up from inside. It’s no use. I’m wasting my energy. Instead, I must focus on the future. The question I have to ask is the following:

“How can I make sure that today’s kids don’t end up in the same situation as I was in?”

Because I am firmly of the opinion that we can shape our own future. The neocons’ hegemony is probably about to end, and with that the, we – the Norwegian people – suddenly have options:

Should we just shut our mouths and glue ourselves to the mast of a sinking ship?

Or do we want to start discussing our future openly, and try to find out what the best way forward for Norway is?

I know for sure what the brainwashed conscript from 1991 wants. He’s done with being kept in the dark. And he wants the public debate to begin as fast as possible.

How about yourself?

Is it true that ignorance is bliss when we are talking about your kids’ future?

Do you want them to be the next to stand in the cold somewhere up north on the border to Russia, or as soldiers being dispatched to a faraway country, not knowing anything about why they are going?
I think not.

We cannot leave this discussion to the experts and the politicians. It’s far too important for that. If they get the opportunity, they probably won’t think twice about continuing to use you and your offspring as their batteries.

Choose wisely.


The so-called "intellectuals" loved the ideas of Yuval Harari's, the WEF adviser, professor in philosophy and historian from Israel.

And many of them probably like his ideas about "human gods" - homo deus, and hoped that they could become part of this elite group of people.

They swallowed his presentation of the human race as narrative builders (that we love the concept of shared myths and that it's this that separates us from other species), and of the history of our civilization (where he don't make any attempt at explaining the enormous dfference between monetary freedom and monetary monopoly) and his ideas about economics (including that it's not enough resources for everyone, and that a two-class system therefore is both natural and necessary).

This messed up many people's belief systems, and I think it hampered their ability to think critically and logically.

Even many bitcoiners still admire Harari's writings.

So I thought, this is so wrong, and why hasn't Harari been seriously challenged?

His stuff if IMO just some New Age deconstructionist shit on steroids, and even smart people seem to fall for it.

In the end this led me to write a little book that we called UNBAR. I did it, because it's necessary that we rebel up and try to win the battle of the ideas.

I think my headline would have to include something with the battle of ideas, and possible the key concept of rediscovering the cost of freedom.

https://undoqo.com/pages/project-u


Interesting.
Your geopolitical headline probably covers the utopian idea that many in the political class have, global dominion. Although I think that idea is impossible, due to the chaotic dynamics involved, they will still try, and the rest of us must defend ourselves against it.

I don't have an idea about a headline right now.


Monetary freedom, the right to use the money we like best.
Geopolitics.
And you?


Thx, Samuel


The meeting between Bush and Deng took place on 26 February 1989. Shortly after the Chinese government established the Stock Exchange Executive Council (SEEC) in March 1989 to create a nationwide treasury bond trading system.

Goldman Sachs writes in an article published on its website:

"On December 19, 1990, the Shanghai Stock Exchange reopened, the same year as the development of the financial hub of East Shanghai (Pudong) started. The Shanghai Stock Exchange restarted operations in the former Pujiang Hotel on the city’s waterfront and had computer terminals linked to other trading counters in the city and in cities around China. On July 15, 1991, the Exchange launched its first stock index."

These facts demonstrate the speed of the developments in US policymaking towards the end of the Soviet era. They clearly show us that China would be the preferred party. The former communist regime in the east was to be the US government's new best buddy, while Russia was shoved out in the cold, economically and politically.

https://www.goldmansachs.com/our-firm/history/moments/1990-shanghai-stock-exchange-reopens.html


The so-called "Chinese miracle" startet in 1992 and led to an average growth of GDP at 10 percent for 30 years. The growth is in particular built on cheap credit, from foreign investors and state controlled banks.

This transcript from president Bush's unofficial visit with chairman Deng in 1989 illustrates what was brewing: A Sino-US relationship based on "mutual trust" and mutual scepticism to Soviet Union. Deng specificallt pointed his finger towards Japan and tzarist Russis/Soviet Union as "the two countries [that] had done the greatest damage to China".

Bush played along and said:

"So the China-U.S. relationship must stand on its own feet. After that we can talk about the broad challenges that face all of us because of changes in the Soviet Union, the unification of the European common market in 1992, and the Third World debt. We can discuss these problems. But I was anxious to come as President to make the relationship stronger and better. I can guarantee that in my Administration our bilateral relationship will be stronger and better."

It's interesting to note that finance, currencies or the dollar aren't mentioned at all, although it's every reason to assume that this was a major underlying issue.

https://digitalarchive.wilsoncenter.org/document/memorandum-conversation-president-bushs-meeting-chairman-deng-xiaoping-peoples-republic


This article from the Council of Foreign Relation's timeline of the great financial crisis including the buil-up to it, provided an overview that helped me to come to these preliminary conclusions on what was going on in 1991-1992. Coincidentially the CFR has by severak experts on geopolitics been referred to as an organisation that influenced the neocons' policies.
https://www.cfr.org/timeline/us-financial-crisis


The Duran Report and the talk with Jeffrey Sachs
https://www.youtube.com/live/0VMUkLlO4w4?si=NnRCjJLwlQfkgLYL


Highly relevant points. But I actually think more people had a good understanding of money then than they have today, and the evils of monerary policy were probably widely understood.


Thx 🙏
 I wasn't aware of the possibility to use the long format.


And good luck with your book


Fair points, you might be right. Info about the coin, the mint, herod, the debt business, deposit service, the profits and possibly some other details I didn't deduce from the gospels, but found them in various articles on the Internet.

But I find it noteworthy and strange that Pilate's and the high priests' economic motives aren't at all reflected in the gospels. It's subjects like blasphemi, Judas' betrayel, and the people freeing Barabas instead of Jesus that comes across as important.

I can't say for sure that someone has messed with the texts, but considering that  the result is favorable for the political class and the fact that it's so normal that "winners write the history books" I wouldn't at all be surprised, especially considering how important this specific story is for politics, religion and culture.


Thx :-)


Nostr readers zapped about USD 50 to me for this post about the history's most famous crime. This was more than what X paid me for a whole month of content contribution. 50K viewed it on X. I posted it on Facebook too, the engagement was OK, but significantly lower than on X.  Nostr wins hands down.

nostr:nevent1qqsxpvwll6rwka0xxrrg25ar977ya5wrt9j3t5af3d63p348fkavlyspp4mhxue69uhkummn9ekx7mqzyzpj52euaa93w4xy5atjje9yfkmy6x0d7cn7c3ghndge6zj746qejqcyqqqqqqgzkjdst


Thx


Thx, yes I agree, Jesus had even bigger fish to fry - correcting our base layer, the belief system we have broadly speaking.

And I would add:

Our belef system, broadly speaking, is Layer zero.

The next layer, Layer one, is the monetary system, is scaled upon the belief system.

And almost everything else in the civilization is layered upon the monetary system.

If we believe that

- we don't have to respect the truth,
- or that we don't have to fight to protect our freedom and sovereignty
- or that we can leave it to others to provide for our security

then we are bound to end up with letting someone monopolizing the monetary system.

I wonder if things could have been different if Jesus had this analytical framework.


Shared


If you doubt logics, prove it wrong with data 😁


Logics, really.
A monetary system is a network.
The value of money with absolute scarcity will first of all depend on the network effects.
Furthermore, the more units of money you control, the less value each unit has for you, so you become more willing to let some units go as the value increases.

The combination of

- money first of all having value due to network effects
- absolute scarcity
- the law of diminishing marginal utility

indicates strongly that the iron law is correct


Thx - same to you!


The iron law of Bitcoin:

In the long run, the more the price of bitcoin appreciates, the more decentralized Bitcoin must become, and vice versa.
 https://image.nostr.build/69012e986ea1f216453a9d78c317b38c9f74ebb96c44b8133693ef513cd57b5b.jpg


could also be people who see themselves as being realists


Being an optimist,

is accepting as a proven fact that it"s possible to shape our common future in a positive way almost regardless of how dark the present seems to be

is the same as being unrealistic, now we must instead concentrate on defending what we already have


Follow-up on my piece 👇 on the killing of Jesus:

The biblical texts referring to Jesus lashing the money changers,  overthrowing their tables and driving them out of the temple court in Jerusalem a few days before he was arrested and killed, don't mention at all that the temple was much more than a religious building.

The texts don't mention that the temple also was the largest and most powerful bank in the region.

Neither do they mention that Pontius Pilate most certainly taxed the profits that the high priests made from deposits, loans and money changing.

Therefore, the story about Jesus chasing away the money changers lacks important context.

Directly after his arrest, the high priests held a meeting where they interrogated Jesus, before they led him to Pilate.

The high priests took Jesus to Pilate and asked him to execute the rebel.

According to the gospel of Luke, they said to Pilate:

"He opposes payment of taxes to Caesar and claims to be Messiah, a king.”

It seems likely that  "taxes to Caesar" referred to taxes on the temple's banking business, which were paid by the high priests to Pilate on behalf of the Roman empire, and which Jesus directly or indirectly had objected against when he created the ruckus in the temple yard.

However, when Pilate went on to examine Jesus, he didn't mention the subject of taxes at all.

The scriptures also make it seem like Pilate was reluctant to the proposed execution of Jesus.

All of this seems very odd to me.

I suspect that it throughout history has been a great deal of politically motivated editing of these texts.

I believe that the motive for this censorship has been to steer clear of the fact that political control over religion, especially when it comes to the the monotheistic religions of Judaism and Christianity, goes hand in hand with political control of the monetary system.

It's an unholy marriage that stretches a long way back in time, long before Jesus lived.

He demonstrated against this sinful arrangement and was punished accordingly.

And instead of focusing on the evil profiteering of the state and the high priests, today's narrative seems to me to focus a whole lot on Judas the betrayer, who became a useful fall guy.

It's disgusting.

I have no other word for it.

We shouldn't be kept in the dark about these things. https://image.nostr.build/6fe58f252fc1121926d4c62ea713ed5fe4ac063ce1a05289f6e796645455a557.jpg

nostr:nevent1qqsxpvwll6rwka0xxrrg25ar977ya5wrt9j3t5af3d63p348fkavlyspz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpqe29v7w7jch2nz2w4efvjjymdjdr8klvflvg5tek5vapf02aqveqvzqqqqqqya4tlp9


The Irish probably was the civilized part of the West that managed to protect the fundamental human right to use the money they liked best, likely well jnto the 17th century


Have you looked into the history of monetary freedom in Ireland? It might be enormously important.


Great, thx!


Thx, I'm not very experienced with nostr. Is it easy to add images in between text in the long form?


Thx Niel 🧡


Yes


Thanks, Simon, I highly appreciate you saying so.


I know too little about Judas' individual situation to say anything about how important it was for him to do this. Perhaps he or someone in his family were in a terrible situation due to debt?


I'm interested in freedom, not revenge or punishment. But without the concept of sin, we have no moral compass.


This thread alone earned me almost as much as X pays me in a whole month for the content I share there, which is mindblowing, since I have 10 x as many followers on X as I have on Nostr.
Thx for all the great feedback.

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Thx. I browsed a lot of articles on Internet while I wrote this, and the theory doesn't seem to be controversial at all


Thx


Thx, G


Yes, the story portrays both the high priests and Pilate as cowardly and false. But for me, it's everything that the gospels didn't mention that pisses me off.


The banksters remained unscathed, dear Pirate friend.


Why Pontius Pilate killed Jesus

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Thanks for writing this, very interesting. I find hope when I realize that everything is layered atop the monetary system. Although all the layers seem chaotic and political, if we can focus on the money we can win this conflict and save our children.


Totally


The monetary system is the most beautiful and powerful social network that humankind has ever witnessed.

The reason is that it helps us to satisfy our deep desire as humans to interact and cooperate both with people who we love and with those who are foreign to us.


Monetary freedom - the right to use the money you like best - is a fundamental human right. But not money itself.


I've come to the conclusion that the fact that the government has ensured that schools aren't teaching the kids about monetary policy while they also gaslight us about the causes and effects of inflation might be the greatest crime ever committed against the humanity, and here's why:

The monetary system is the most beautiful and powerful social network that humankind has ever witnessed.

Monopolization of the monetary system is on the other hand the most destructive weapon that humankind has ever witnessed. It sets up a wall between us, and it acts as a tax on our deep desire as humans to interact and cooperate both with people who we love and with those who are foreign to us. It's the most evil and anti-human social construct that has ever existed, designed squarely to enrich and empower the political elite.

That's it - feel free to chime in!


Thx 🧡


For me, this 👇 became one of my most important writeups on the history of monetary policy.
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This is Greek to me...


Writing and researching this thread 👇  on history' most dramatic Easter crime rewarded me with understanding another important piece of the monetary policy puzzle.

Read on, and you soon see what I mean. My journey can now be summed up in this way:

1.
When I wrote Fraudcoin I realized that monetary policy is about manipulating the money supply with

- inflation,
- deflation, and
- channelization

of the stock of money.

2.
Before I wrote UNBAR I had realized that in principle we only have two different types of monetary systems, something which became the backbone of this book No. 2 on money from me.

These systems were:

- monetary freedom, and
- monetary monopoly

However, I still thought that monetary monopoly mainly would be abused with inflation, deflation and channelization of the money supply.

3.
And then, today I realized that the problem is monopoly itself, even if the monopolist doesn't inflate, deflate or channelize the money supply.

No -  the monopolist can and will use his monopoly to set up a virtual wall between people who just want to interact with each other in a cooperative manner.

The monopolist then abuses his monopoly by charging a monopoly price for his money.

Since this is a monopoly that in reality takes control over the most powerful social network that humankind has seen, the monetary system, it will in itself constitute a massive instrument for wealth extraction and concentration of political power.

Read it and pls. share your thoughts with us.
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Thx for reading, zapping and commenting.

A year ago I realized that interpretation of historical events often is difficult if you don't understand both money and monetary policy.

Therefore I distilled some of the core of my thinking around this in our book UNBAR.

What happens afterwards, is that I see the monetary context of current and historical events much more clearly.

It's almost impossible not to think about it when you realize how important it is.

And considering the iconic nature of the history of the 30 silver coins that Judas was paid for his betrayal of Jesus, I understood today that I just had to put this puzzle together amd try to understand it.


I believe the thread above might become one of the most important summaries that I have put together about events in the history of monetary policy.

Some of the wording is a cut and paste from many, many sources that I browsed before writing it.

I therefore take no credit for the wording.

I just puzzled the pieces together, and made sure that it was readable, factual and to the point.

Having reflected over the post afterwards, I feel I have to add that the story about the last days' of Jesus from Nazareth demonstrates to the full extent how evil monetary policy is.

I'll explain:

Pontius Pilate probably wanted to have everything related to money as close as possible to the temple in Jerusalem:

- the mint where he produced the coins
- the money lending
- the exchange of money
- the trading with money, goods and services
- the taxing of the pilgrims

As other rulers, he wanted to monopolize and centralize everything related to money and to do it to the highest degree possibly.

This enabled him to extract wealth at all levels which involved exchange between people who didn't know each other or who needed a medium of exchange in order to interact or to follow their people's religious traditions.

Furthermore, it maded it possible for Pontius Pilate to amass wealth and power at the lowest cost possibly - as it would have been a lot more costly for him to maintain an apparatus that travelled all places where people were in order to steal the fruits of their labor.

As you see - monpolization of money and centralization of everything goes hand in hand.

The story also strengthens my perception of the monetary system as being the most valuable and powerful social network that we have seen in history.

As a specie, we have a deep desire for interacting with people that we don't know, and perhaps especially so when we gather in large religious feasts.

Money developed as a means to make it possible to a much higher degree to cooperate with strangers.

Monetary policy, on the other hand, puts up a virtual wall between strangers.

Monetary policy is at its core a tax on our desire to interact with people we don't know, and a tax on visiting places.

It's a policy that aims at making it possible for the ruling class to amass their wealth and power to the greatest extent, and at the cost of the rest of the people, who for the most part just want to be social and friendly with each other.

Finally, this story makes it even clearer to me that monetary freedom is the only ethical system that we can have in relation to our need to use a general medium of exchange when we interact with each other.

Again - thanks for your interest in following my reflections on this important political subject.

(I mentioned the algorithms above, but I guess we don't have this yet here on Nostr, do we? Cut and paste between different platforms isn't always easy :-))


The story about how Jesus died carries several important lessons about money.

The most import one is, that it's not "What's the best money?" that is the question we should concentrate on.

No, the important question is:

"What's the best and the worst monetary system?"

In principle, we only have two systems:

Monetary freedom - the right to use the money you like best.

Monetary monopoly - in which a ruler dictates that the people must use the money that he is the sole producer of.

And the story about why Jesus died after having threatened the policies of Pontius Pilate tells us all we need to know about the evils of monetary monopoly.

Furthermore, the story tells us that it's not the debasement of money that is the most negative aspect of a monetary monopoly.

Debasement is just one way of abusing the monopoly.

We know from other stories, for instance the parity policy in Europe in the 1920s, that deflation of the money supply can be just as bad, and that it even can be worse than inflation of the money supply.

Therefore, it's the possibility to abuse the monopoly that is the problem, not how it's abused.

And lastly, the story is also a sad reminder of how religion is inextricably linked to monetary policy.

In fact, I think this might be the worst stain on religion.

We see the same problem repeating itself many times throughout history.

I know one of these examples very well, because it caused enormous hardship to my ancestors here in Trøndelag, Norway.

The Norwegian kings Olav Tryggvasson and Harald Sigurdsson (later St. Olav) tried to use a combination of Christianization by sword and monopolization of coinage to rule my people.

They didn't succeed, but they laid the groundwork for king Harald Hardråde, who completed the tyrants' project in 1050 AD.

Religious leaders all over the world should in my opinion start discussing the evils of monetary monopoly and how they should deal with it in the future

Thank you for reading.

If you liked this piece, the algorithms and I would appreciate it if you pushed the like, share and follow buttons.

Feel free to check out our book on the UNDOQO website.

(This photo shows Harald Hardråde's coin, with the Christian cross on one side, and his name on the other.)

13/13
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Judas then committed suicide by hanging himself.

12/13

 https://image.nostr.build/8e75c5ba6c626ebb82a5af30f527f8e46b68d96a8d9195f807c56adaa87bfaab.jpg


According to the gospel of Matthew, Judas regretted his actions and returned the 30 pieces of silver to church authorities, saying:

“I have sinned by betraying innocent blood.”

When the authorities dismissed him, Judas left the coins on the floor.

11/13
 https://image.nostr.build/3892424b8d612eaa7a9e3e4de5fb538758b7c155fab17d993d3f9299ceb7eda9.jpg


Jesus was arrested, and some days later Pontius Pilate had him crucified.

10/13

 https://image.nostr.build/66740efecb646380a341bcb09d7c82515b52cf6631e43598809c263b923b0028.jpg


Judas led soldiers to the Garden of Gethsemane, where he identified Jesus by kissing him and calling him “Rabbi.”

9/13

 https://image.nostr.build/565eeced1008709a579e3ef436f4a95275e8e245df97d33120bbdd0fe605a78b.jpg


According to the gospel of  Matthew, Judas went to the chief priests and asked, “What are you willing to give me if I deliver him over to you?" So, they counted out for him thirty pieces of silver. From then on Judas watched for an opportunity to hand him over."

8/13

 https://image.nostr.build/25c942a4bdcb75cf5f9bca3dd1b58cf384a0a81902b05f600d2a85fd35d78fbd.jpg


Jesus informed his disciples during the Last Supper that one of them will betray him.

When they asked who it would be, according to the gospel of John, Jesus said:

“It is the one to whom I give this piece of bread when I have dipped it in the dish.” He then dipped a piece of bread in a dish and handed it to Judas, identified as the “son of Simon Iscariot.” After Judas received the piece of bread, “Satan entered into him.”

7/13

 https://image.nostr.build/be3c03b78a157a0f58eb9f58eb4ac15cef8dc728c4b63972483c4e9bc03408aa.jpg


In the year 33 AD Jesus came to Jerusalem.

The city was packed with pilgrims who had come for the celebration of the Passover.

It has been estimated that they numbered 300,000 to 400,000.

Jesus visited the temple.

He saw a courtyard filled with livestock, merchants, and money changers, who exchanged the standard Greek and Roman money for Tyrian shekels.

The money changers received a profit, of which a solid share likely were collected by the high priests on behalf of Pontius Pilate.

I assume that, with the enormous masses of visitors, the profits from the money changing must have been massive.

According to the gospel of Matthew:

"Jesus went into the house of God, and cast out all them that sold and bought in the temple, and overthrew the tables of the money changers, and the seats of them that sold doves, And said unto them, My house shall be called the house of prayer; but ye have made it a den of thieves."

Jesus's actions most likely prompted the authorities' decision to later have Jesus arrested.

6/13

 https://image.nostr.build/26fc3522fd380e26f3101c0f01ce1e16a18399e393906518b6e5426b51308578.jpg


The Jewish people each year celebrates the Passover, also called Pesach, which lasts for seven days.

It's a major Jewish holiday that celebrates the biblical story of the Israelites' escape from slavery in Egypt.

Many Jewish traditionally travel to Jerusalem to celebrate the Passover, where they in the time of Jesus had to pay the tax - a half shekel per person - when they visited the temple.

5/13

 https://image.nostr.build/ac4bd7dfb9df2ed23b44c1c746796cd991062145e5bd4994d91f8ba78b1660b7.jpg


In 26 or 27 AD, Pontius Pilate became the fifth governor of the Roman province of Judaea, serving under Emperor Tiberius.

His reign lasted until 36 or 37 AD.

It's likely that Pontius Pilate took over the privilege of collecting the temple tax, and that he shared some of it with the high priests.

A good deal of money was stored at the temple, where it could be loaned by the wealthy to the poor who were in danger of losing their land to debt.

The high priests establishment co-operated with the aristocracy in the exploitation of the poor.

I assume that Pontius Pilate probably was paid a tax of the income from the money lending business.

4/13

 https://image.nostr.build/762d7782d3d8d2b96ba1797478d72eddf039fed0481ea4a8fbd1c32294fbc179.jpg


Herod the Great (c. 72 BC – c. 4 AD) was a Roman Edomite client king of the Herodian Kingdom of Judea.

When he completed the temple of Jerusalem in 18 BC he wanted direct control over a single coin that could be used to pay the official temple tax.

Therefore, Herod transferred the mint from Tyre to Jerusalem.

3/13

 https://image.nostr.build/2370fe6f28d062ecc83bbc5e875959fdc63a06436f31706bdb6b1386c1328f7f.jpg


We must start with Tyre, which is an ancient city in today's Lebanon.

The city had a mint that produced coins, called "the shekel of Tyre."

The shekels were 14 grams of 94% silver, which was a higher degree of purity than the Roman silver coins.

2/13 https://image.nostr.build/e2f86f9dada93e9c43bb6f8f46b6b8b00078ff271144c2bfcd0cc0a85ddc71a9.jpg


30 silver coins for Judas

In this thread I'll try to give you some perspectives on the political context of Judas' betrayal of Jesus.

1/13

 https://image.nostr.build/25c942a4bdcb75cf5f9bca3dd1b58cf384a0a81902b05f600d2a85fd35d78fbd.jpg


This video 👇  is a must see and an important reminder about what's at stake for all of us.

A couple of days ago I wrote about the need to fight for #Bitcoin   .

Stacking sats just isn't enough.

We have a moral obligation to fight for the right to use bitcoin.

Investing in freedom money is good, but it's first of all an investment, not fighting.

I got a lot of flak for voicing my opinion on this, but I stand firm.

This fight - for the right to use the money we like best - is closely connected to our obligation to fight for freedom of speech, and against all forms of oppressive use of state power.

It's an obligation.

Not an option.

https://x.com/WalkerAmerica/status/1772621131834425832?t=h0Gqpedlap-7ucs_In0Mfg&s=09


There's no need to doubt that creating Bitcoin was politically motivated. This isn't just some stone cold tech.


I find it hard to think of a project that is more political than Bitcoin


👇
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100%
And actually - it's not only about separating money from the state. Bitcoin helps us to separate money from the control of man. Which is what monetary freedom did prior to Bitcoin - as long as people fought for it. When we stopped fighting, fiat hell was brought upon us. It had more to do with this understanding and the morals than it had to do with the monetary technologies themselves.


The fight for the right to use bitcoin is the same as the fight for the right to use the money you like best.

If you don't fight for your freedom, you leave your security and freedom in the hands of others.

History demonstrates with 100% clarity that you neither can trade your security, nor your freedom.

It's your obligation, if you want to keep it or reclaim it.

Otherwise you will lose it.

Not fighting makes you a freerider.

Freeriders disincentivizes others from fighting.

That's my stance - whether you like it or not.

Furthermore - arguing that it's a moral obligation to fight against oppression, and for freedom and to provide for your own security makes me know different from the state is a no-go.

The state doesn't care about morality. It just takes and amasses power and (ab)uses it.

Not adhering to these moral principles, which I'm not imposing on anyone, doesn't cause any sanction. I'm not in a position to do that against you.

But if I want to look down on people who won't fight, I have a right to do so, as a free man.


I disagree wholeheartedly. It has nothing to do with fiat.

It has everything to do with the exact opposite - learning from the history of monetary freedom - meaning - the right to use the money we like best.


I don't see it as two separate systems. I see it as an evolution, or building a bridge from where we are to something better.

Concerning fighting:

Some people concentrate fully on building the bridge, others fight to protect the bridge and the builders.

Developing people's understanding of the traditional monetary system and about Bitcoin gives us the moral high ground, which we need in order to build this bridge.

It also fuels the exit from fiat and demand for bitcoin.

My point is very simple: Stacking sats isn't enough.


Then we can agree to disagree. Building doesn't exclude fighting or vice versa.


I agree, neither stacking nor fighting is enough, both are necessary


The goldbugs probably won't admit it, but the gold standard was just an instrument that made it easy for governments and central banks to inflate their money supply in a coordinated way, just like the 2% inflation target is today. Smoke and mirrors.
 https://image.nostr.build/0a52c85d6455706f7896e5de0cc439a724dee1ed3e3b3362eabe3ca08a8abb6f.jpg


After having worked tirelessly for all of us to fight, first against deflation, then against
inflation, I think it's well deserved that her beautiful face finally appears on a banknote.
 https://image.nostr.build/1b0b50d5989b8f36e4eefd09d2af10f7af24294beac8ed15d388a1887688562e.jpg


I dislike lol'ers.


Lol'ers are normally sad trolls, I think this is just another example


I think you slipped first, my friend 🥰


Spoken like a true coward.


Clownface


Well, thx for your opinion


Fighting for freedom isn't "working for free."
It's a foundational obligation, if you don't fight, you will in the end lose it all.


For instance, look at the farmers' revolt in Europe. What would they say to a bitcoiner who argued that "stacking sats is enough, nothing more can be expected from me"?


Fair points, and you are quite correct, me saying that people who let others do the fighting are freeriders, imply that I say they have a moral obligation regardless if they are motivated or not. That's 100% my position. No legal obligation, just a moral obligation. And of course I won't argue that people should do impossible things or risk their lives. But most people, at least here in the West, aren't in such a difficult position. Pls also note that I don't demand much - everything helps, and I just don't think stacking sats is enough.


Bitcoin is all fine, I'm not trying to fix something that doesn't need fixing.


It slows down the transition to a free society, all over the world. People need to do more, those who don't do anything at all are freeriders. It's a fact. That some people think it's ok that many don't fight, that's a whold different thjng.


And I expect more from people - much more than what they are comfortable with. This will be my message in talks this spring and summer. If we shall learn from the history of monetary policy, everyone must contribute, and fight for and with each other, otherwise the cost is too high for those who try.


The kids can take the escape hatch, the rest of us must fight.


Wise words

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Yes, 💯. If we as adults don't fight, we slow down the process and that may severely reduce our kids' opportunities to live a good life, effectively leaving a mess (that came about because we were sleeping) to them. Which they don't deserve.


I'm glad we can discuss this.
I never cared about having the same opinions as others.
I'm a bitcoiner, but feel just OK with disagreeing with other bitcoiners.
This discussion is necessary.
And IMO everyone can do more than just stacking.


And pls spare me for the "need some rest to clear your mind" stuff.


I don't agree with the developers you refer to.

But IMO those who do nothing else but stacking sats are freeriders, and those who believe everything will automatically heal itself are wrong.

Again - this is my opinion. And I wouldn't voice it if I thought everyone agreed with me.


I'm not generalizing. I don't say that everyone who says "stack sats stay calm" do nothing else. Far from it. But too many keep quiet. It's a freerider problem.


I don't promote violence. Speaking truth to power is a minimum. Join a community. Teach others about bitcoin. Defend the right to use bitcoin. Protest both outdoors and behind the keyboard when someone attacks bitcoin. Call out liars. Help victims. Write opeds. Defend your fellow man when he is attacked by smearers. Criticize oppressive policies  especially monetary policy. Spread the message.

If we don't fight the people in power will laugh at us and make things worse.

Stacking isn't enough.


Thx, bro


It's not enough


It's not enough. I don't say people should use violence. There are many ways to fight. Sitting alone, never raising the voice  but stacking sats, that simply isn't good enough. It's a freerider problem. IMO


There's a lot of posts on Nostr, X and other SoMe that might make people believe they don't have to fight, saying that "we're winning" and arguing that all it takes is to "keep calm and stack sats." This is a dangerous narrative. Don't fool yourself. History demonstrates that we must fight.
#RebelUp


Monetary policy illustrated with one simple graph

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And this one with productivity growth. https://image.nostr.build/6ab2f558dddd3ff6b79bfb585829d92580c62d5dd945f115c17409fff6459274.jpg


The rip-off https://image.nostr.build/e0064504f87f1a0c05d9b69ae98437fc389a06789a9b9da7ff2782dbed967f60.jpg


The shitcoin has nothing to do with me :-)


Thx, Marius, for your kind words. Glad you liked it.


"Corporate media is fuckin' imploding"
Joe Rogan, #2101


#Bitcoin opens doors. I have been invited to talk about monetary policy at a conference with some of the most powerful people from Norway, including Børge Brende, the president of WEF.

https://framtidsfredag.no/foredragsholdere/


It's not money, but a sound monetary system, that can give you freedom in the true meaning of the word (absence of coercion).


Today I learned from an economist who teaches economics that it is uncertain whether it is an increased money supply that leads to an increase in prices or whether it is an increase in prices that leads to an increased money supply.  God help our economics students.


The best historic parallel to the people's flight to #bitcoin is the 19th century's mass emmigration from Europe to Argentina and the US.


The silver lining of the technical banktuptcy of the US government, the German government and the EU project, is that the bastards in charge cannot start a major war without absolutely destroying their fraudulent currencies and at the same time fuel the #Bitcoin boom. I believe they won't risk it.


The monetary system is the most powerful and wonderful social network that mankind has created.

Those who have monopolized the monetary system control the most terrible weapon that mankind has witnessed.

#RebelUp


Semantics and dogmas


Understanding Bitcoin:

People are used to the idea that they must record the deed in the land registry when they buy real estate. Otherwise a seller A might defraud buyer B by selling the property to a second buyer C.

In Norway we pay a fee (tax) to the government every time we do this. The fee is huge, 2.5% of the market value of the property. We aren't obliged to record the purchase, vut we need the security that it offers.

When you have recorded the deed you can see in the public record that you are the owner.

And if you ask the controller of the registry, typically a local or central authority, they can tell you about previous transactions, who sold the property for how much back in time, and so on.

Bitcoin has a similar registry, but it's open and it's free for all to look into. Just download the Bitcoin software and you're good to go.

There are two differences: It's not land, but money that is recorded in Bitcoin. And you don't see who owns the money, instead you see user names ("addresses") and how much bitcoin these user names control. If you like that kind of entertainment, you can also track each transaction in the Bitcoin network, all the way back to when the first bitcoins were mined.

When people invest in bitcoin, this is what they get: A registry.

But, this isn't all.

A second feature they get with bitcoin is access to an infrastructure that enables them to transfer bitcoin securely, at high speed and low cost from username A to username B.

The third feature worth mentioning is the type of money that bitcoin represents.

Just like currency, bitcoin isn't backed by anything physical.

But unlike currency, the production of bitcoin is capped to 21 million. And now more than 19.6 million have already been created.

This capping ensures that everything that you price in bitcoin goes down in price, which is the opposite of currency.

By other words, when you have bitcoin you get price deflation instead of price inflation.

This means that the value of bitcoin increases over time instead of going down.

To conclude, bitcoin has economic value because:

- it's money that increases in value over time
- that you can transfer from A to B securely at high speed and at low cost
- while each transaction in the registry is open and can be verified for free by everybody in all eternity


Earning bitcoin is the killer app


#Bitcoin is the biggest rebellion in history.
#RebelUp


Norwegian kroner is now number 30 on the list of the largest currencies, while #Bitcoin https://image.nostr.build/45f4c8f8a14e8a834831c025a43f9a7e406347f2a97d8e105d952d8c88674129.jpg has climbed to number 13. Chinese yuan is number 1, the US dollar is number 2 and the euro is number 3.

In just a few weeks, Bitcoin has gone from being 3 times as big as the Norwegian krone, to being almost 5 times as big.

If you haven't familiarized yourself with what is happening now with small currencies - that they are being devalued so quickly against bitcoin, which could become the money of the future - then perhaps you should consider whether you should start looking at it soon.


Yes, and that will level up all society..
https://i.nostr.build/nb2944.jpg


Over time, as the degree of Bitcoin decentralization goes up, the bitcoin prize will increase.

This is something that Bitcoin has in common with all other positive ideas - the more widely they are distributed, the more valuable they become. https://image.nostr.build/30e577a60267497e9d465e9afbd4f65fc6df6bacac13d76bf7047492b1127bec.jpg


How our central bank presents money creation
 https://image.nostr.build/0c35730c3f91a345684065834eb24d4875eee1c682e0de945e80cfdf87cc0116.jpg


The world's largest sovereign wealth fund, the Norwegian Government Wealth Fund Global, has since its inception in 1997 had an annual average return on investments of 7.5% per year.

This is 1.9% less than the annual average increase in the price of gold, a commodity that the financial market perceives as being almost "risk free."

The fund is effectively burning capital due to the administration and politicians urge to "invest" instead of doing the boring thousands of years old tradition of saving in gold. As you see in the graph, the Norwegian government sold off all of the state's gold holdings in 2004.

And what about #bitcoin   ?

The fund owns a tiny slice of the bitcoin company Microstrategy, but that's all.

In other words:

The state's pension management is out of control, the fund has a wealth-destroying administration, and our politicians either don't understand it, or they don't give AF.

H/t Gregard Mikkelborg at Gull er Penger, who makes incredibly important graphs.
 https://image.nostr.build/994a0aa70ce404c0f8339879292925c56ae3819e52651f5fbae06fad2f7769e8.jpg


Thx G


Satoshi Nakamoto is a genius.

The best way to show our gratitude is to fight to reclaim the right to use the money we like best.

Pass on the bidding stick if you are up for it.

#RebelUp https://image.nostr.build/75710efc380ee58836c8f37b0af0711a25303696f459b4048af1d9edbf6f733a.jpg


Prince Filip of Serbia to the left.
Rebel Runel of Trøndelag to the right.

Bitcoin attracts fighters from all walks of life.

Picture from Bitcoin Atlantis 2024, from a panel on what we can learn from history.
https://image.nostr.build/a7a8dd023a2193c10d569c24bb598989fd7b61aede94850236251c91acd458b4.jpg


Loved Bitcoin Atlantis. This is Mattis and I at the bookcorner, talking about Fraudcoin, UNBAR, Arrow of Truth and our company/project UNDOQO.

https://image.nostr.build/87e4cfe637f75b04d178cc962775fa3c19348a54c1ee593c9ee56872ea05424e.jpg


Truth is the brightest light.

Norwegians are sick and tired of gasligthing, and our non-nonsense books, Fraudcoin and UNBAR, both of them aimed at non-economists, are now the two most popular in the economics category  on the webshop run by the largest bookstore chain in Norway.
👊
https://image.nostr.build/0b2ca1d96474a78a4006f681d8701dcc71afa5144d8703f8f7e59206dd678f4c.jpg


The iron law of bitcoin decentralization:

In the long run the more the price of bitcoin appreciates, the more decentralized bitcoin must become, and vice versa.
https://image.nostr.build/30e577a60267497e9d465e9afbd4f65fc6df6bacac13d76bf7047492b1127bec.jpg


Our books, Fraudcoin and UNBAR, are currently the two most popular economics books in Norway.

Both books slaughter today's monetary system.

#hope
#UNDOQO
#RebelUp
https://image.nostr.build/585a46eaefedcafa5ee76dcb9d731e2abdbd9e60c4c20e9cb596d5290f3d78e4.jpg


My home town Steinkjer has only about 13,000 inhabitants. This evening we had our first #Bitcoin    meetup, with more than 30 people attending 🥳
Johan Torås Halseth and I had presentations. We also had a lively Q&A/ discussion + socializing w/refreshment + booksigning. I already look forward to do it again. Thanks a bunch to Torgeir and Gisle from Albin who hosted the event 🧡

https://video.nostr.build/3284ca6d858fef87bc7a6477346dde501b6315a307380f8bdc01b99654823486.mp4#m=video%2Fmp4&dim=720x1280&blurhash=%5DKO%3Ae7tmXUW%3Bof*0RPRjRPe.RRM%7BRibEt7tlo2odxuxua1oft7tRogkWkCj%5BofofV%40j%5BbHfjazofkCf8jZWBWBayfka%7Bay&x=1711059e3b16365336ccd1abefd760221e22ba1eed847a1d289dd517d39a0433


2023 Trojan horse to the left
2024 What came out of the belly of the Trojan horse to the right

https://image.nostr.build/d2f7017edfa95026b5fe9a3437d7831d19248febc9790facc315a44d225ad449.jpg#m=image%2Fjpeg&dim=858x504&blurhash=iEEB%3FJ%23%40xo9E00NtT0-q-VVsxrNHo%23jJW.jEn%24bI0fM%7BX8oN%7EBe%3As%2CRjNGsqbbaeaxNGxtR-s%3An%24M%7BIoozxut7sTV%40V%40R-&x=b24dafaf1a2938570492ceec0c77af087363e0c8640ca769d17204e42a63d43a


Hope you like it! Which one did you order?


Now that UNBAR has been released both in Norwegian and English, I would like to say a big thanks to all of you who took your time time to review the #Fraudcoinbook.
🙏

I counted today, and more than 300 have rated it!

And the average score?
🫣

A whopping 4.8 of 5 😚

We cross our fingers and hope for the same response to our new book.
https://image.nostr.build/6993907ad62f8ec5386f5b5f04008a9f7f7e38a56fbf7e91437ab0722c954ba3.jpg#m=image%2Fjpeg&dim=1920x1440&alt=UNBAR+book&blurhash=%23IJNCGI%3A%3B3%24*r%3FNuS2n%25w%7B%7CxX8OXi_SgkCWVjZo1%246xFS2N%5Df%2BWBofj%5BS2t7V%40S2kWr%3Fsoj%5BSMa%7CNGkCxGRjODxGr%3FoLWVoyoLV%40bbofR*W%3BsAj%5Bw%7BaeS%23oLaebboLWBoL&x=c8706d3b36c66e302886a5ee1d502c3c1c88924ea073e0c905ade1b9460d46d4


Interest for the grift called monetary policy is catching fire in Norway.
🔥🔥🔥


A week ago I was in Oslo and gave the presentation

"Twenty teenty-four
- Centralized or decentralized monetary revolution?"

to a group of some of the brightest financial analysts in Norway.

The presentation covered many things, including monetary history, the problems with debt-based money, CBDCs and more.

I showed them that legal tender gold coins in fact have beaten the Norwegian stock market hands down (when tax adjusted) over the last 50 years.

I went on and said:

"You will have to make a fundamental decision about your future:

Do you want to work for and with

- money that is programmed to lose its value (fiat),

- money that historically has kept a stable value (gold), or

- money that is programmed to increase in value (#bitcoin   )?"

This question is in fact what it all boils down to, not only for people working in finance, but for all of us who work for money.

After the presentation we had a fruitful discussion. They were open, receptive, had good questions and came with several insightful reflections.

I really enjoyed getting the opportunity to do this 👍

https://image.nostr.build/6ad3e1f9efd82c9eb3a901ead44081ecd27b84cb40191d2f98b4b64c4cdbb74d.jpg#m=image%2Fjpeg&dim=1335x910&blurhash=rHJ*L%7CtnI9IUV%40M%7CV%3FM%7BX8KPD%25tR%253bb%252R*ofxt%7EBIpWBNFM%7BR*t7R*M%7C0K-TbIogxuWCofogo0xGR-WAjYR*s%3ARjt6WCaxWAniozagWXxaRjof&x=24d9c359abf3b91b8120bd173029da1eeee31455d310ac2bd396d4ea9eb2c8b3


For me it always was about the search of the truth and understanding something that experts say is complex and difficult to understand. Then, once you start digging into it, you see how simple it really is.


Norges Bank, the Norwegian central bank, don't wan't to debate me and my #Fraudcoinbook.

The economics students' union at Nord Universitetet (one of our universities) tried to organize a conference.

After repeated requests to NB they finally said NO to them.

This is not the first time something like this happens.

Following my book "Kvikkleire" (Quick clay, which one professor in geology has said should be mandatory reading for geology and geotechnical engineering students) ESRA Norway (European Safety and Reliability Association) tried to set up a conference with me and the stakeholders from the "expert" community, the regulator and others.

When the authorities and consultancies heard that I was invited, they became reluctant to attend.

In the span of more than half a year, from November 2021 to May 2022, ESRA proposed four different dates.

I said yes to each of them.

But ESRA couldn't get the stakeholders to commit people to participate in the conference.

It's evident that many don't want the truth to come out about how "experts" justifiy inflation of the

- money supply, and
- the supply of land that is safe to be developed.

Nice world you live in, don't you think?
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Many refer to the Dutch tulip mania when they use a falling #bitcoin price as an opportunity to mock bitcoin maxis.

99.9% of them seem to know next to nothing about:

- the tulip bubble itself,
- its causes, and
- its effects

They just repeat others' parroting of a myth.

The prices paid for the most expensive bulbs (yes, most people don't even know that it was a bulb bubble, not a flower bubble) were much lower than many go around and imagine that they were. The documented record is 37 people who paid more than 300 florins for one bulb, while the myth says that someone paid 100,000 for 40 bulbs. 300 for one bulb was an extremely high price, but still just 12% of the number in the myth.

The cause of the bubble was indirectly related to the fact that the Netherlands after the rebellion in 1566 had abolished government monopolization and manipulation of money and reintroduced the natural law principle of monetary freedom - the right to use the money people like best. The rulers in other European countries, on the other hand, forced their minions to use coins made by the tyrants' royal mints, which of course routinely debased the coins. As a result there was a massive influx of money from other countries and into the Netherlands. The huge inflow of money fuelled speculation in many things, not only tulips.

The effect of the bursting of the bubble was that a small group of people lost money. It didn't cause any crisis for the country as such. There were a string of court cases, and in some of them judges ruled that the trades were invalid, because they found them to be in breach of a law that prohibited gambling.

Therefore, the main story here is that the incident has everything to do with good old fashioned government manipulation of money (outside the Netherlands) and very little to do with irrational speculation or any major economic crisis.

I've written about this in the #Fraudcoinbook.

Sources:
Early Speculative Bubbles and Increases in the Supply of Money, by Douglas French

Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age, by Anne Goldgar


Choosing has consequences.

nostr:nevent1qqsp24ec4t9w3d7gmf382dm4r25tez0qv6d7h09xagshtanwv9fysfcpp4mhxue69uhkummn9ekx7mqzyzpj52euaa93w4xy5atjje9yfkmy6x0d7cn7c3ghndge6zj746qejqcyqqqqqqg0y9a85


That's a tough one :-)


Which way what?


Both of these guys

- are from Steinkjer, Norway
- were born in 1972
- graduated from the same highschool

At 50, the guy to the right (Bjørn Arild Gram) became the new Minister of Defence of Norway, while the guy to the left (me) became an author of books on money, a speaker, bitcoiner and freedom activist.
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Mix evil with competence and watch how it plays out, as usual


*M


€600 B on gaslighting and €600 B on guns

https://image.nostr.build/d1b97653ab8c1c7e4778db9b44cbac9232e14d849f8cdf43506ae458ca5f513d.jpg#m=image%2Fjpeg&dim=1078x1078&blurhash=U%7DJuDwoIWYRn%7EpWWodoIt6ayofoLIVoeWXWE&x=4fa21ac17d1dba43584025e91610d64f4f8c047d523ef82e46d482658c686728


The politician Hyperbolus was the last Athenian to be ostracised, a practice that was discontinued towards the end of the 5th Century BC, about the same time as the Greek citystate introduced the policy of inflation by the means of debasement of silver coins.

King Olav Haraldson was the last Norwegian who became victim of the good old tradition of killing unpopular rulers, a practice that was discontinued in 1050 AD when his half brother King Harald Hardråde introduced the policy of inflation by the means of debasement of silver coins.

All good things end with inflation.

All bad things begin with inflation.


The whole point with a state is to let a minority of the people be above the law.

The point with the deep state is to give an even smaller group carte blanche to do everything that they want, including to the people in the state apparatus.

Therefore, the underlying principle is exactly the same.


Fiat money exists to separate a powerful minority from a deceived majority.

The stock exchange exists to separate idiots from their savings.

#Bitcoin exists to separate money from the state.

And bitcoiners exist to separate nonsense from truth.


Happy birthday to Bitcoin - the money that people use because they can, and not because they have to 🥳.

Let's take a moment and reflect abit over what we actually celebrate:

The first bitcoin was "mined" 15 years ago today.

Now it's got company of another 19,586,718 coins.

Nobody forces people to use bitcoin.

Strangely enough the total value of all of the bitcoin that exist is nonetheless impressive:

840 billion USD

An additional 1,413,282 coins will be mined before the cap of 21 million has been reached, sometime around year 2140.

The first official Norwegian coins were created in the king's mint 974 years ago.

These coins also became an instant success, but this was because the king said that not accepting them was punishable by death.

The money we use today, the Norwegian Krone (NOK) is also relatively popular in Norway, because the state will take our homes if we insist on paying taxes with other forms of money.

The total value of all NOKs ("M2 broad money") that exist is:

301 billion USD

Which means that the total value of NOK is roughly one-third of the total value of bitcoin.

All national currencies have in common that they "are backed by nothing." The main reason they have value is that the governments coerce their citizens into using them.

If governments suddenly let their citizens use whichever money they liked best, the value of most currencies would quickly go to zero against everything else - also against bitcoin.


The flawed narrative of Yuval Harari, Klaus Schwab and the World Economic Forum

Before Christmas, Tucker Carlson and Dan Bongino discussed why Professor Yuval Harari and the World Economic Forum (WEF) pose a threat to our lives.

It feels like this topic soon will be on most people, so I decided to write a note on this.

Klaus Schwab, who is the founder of WEF, relies heavily on Harari’s teaching when he formulates his policy recommendations to leaders around the world.

Harari knows a lot of historical facts, is good at storytelling and masters the art of rhetoric.

Commentators and academics therefore find it difficult to show exactly where Harari goes wrong in his analysis.

What I want to bring to everyone’s’ attention, is that Harari and Schwab base their policy recommendation on a narrative about the history of our civilization that simply isn’t correct.

It’s probably the repetition of this narrative that makes Schwab’s communication so effective when he talks to intellectuals, policymakers, journalists and leaders of giant corporations who firmly believe in “leadership” and the idea of technocratic global governance.

However, when we point out the flaws in Harari’s analysis of humankind and our history, it becomes a lot easier to shoot down his and Schwab’s ideas.

Therefore, I hope you will join me in this thread, as it in about ten minutes enables you to understand where Harari went so terribly wrong.

Harari’s background and some of his ideas

Wikipedia gives us the following introduction to him:

«Yuval Noah Harari (Hebrew: יובל נח הררי [juˈval ˈnoaχ haˈʁaʁi]; born 1976) is an Israeli author, public intellectual, historian and professor in the Department of History at the Hebrew University of Jerusalem. He is the author of the popular science bestsellers Sapiens: A Brief History of Humankind (2014), Homo Deus: A Brief History of Tomorrow (2016), and 21 Lessons for the 21st Century (2018). His writings examine free will, consciousness, intelligence, happiness, and suffering. »

Harari, who also describes himself as an atheist and a vegan, promotes such ideas as:

- people don’t have free will, and human rights are a fiction,

- we are witnessing a natural development of a technocratic two-tier society where a «useless class» of consumers is guided or ruled by an elite class of «human gods. »

In short, Harari suggests that what we use to refer to as the foundation of liberal society is pure imagination, while the development of an apartheid-like dystopia is completely natural.

Harari’s understanding of the history of civilization

Harari’s analysis of the history is greatly affected by his lack of understanding of the service that money renders to humankind and how different monetary systems dictate the development of very different forms of society.

He writes in Sapiens that:

«Money is the most universal and most efficient system of mutual trust ever devised. »

This and other statements he has made about money tell us that he has understood that money is a cornerstone of our civilization, something which definitely is true.

From there on, it unfortunately goes all south for him.

Harari’s problem is that he doesn’t seem to understand that we get a very different society when people have monetary freedom (the right to use which money they like best, also referred to as «currency competition») compared to when a group of people has a monopoly in money production.

In the former, everyone must work to get money.

In the latter, a small elite can extract wealth from everyone else because they can produce money instead of working for it.

Harari, for his part, doesn’t make any such distinction at all.

Monetary freedom in a historical context

Monetary freedom has most likely been the dominant system throughout the more than 5000 years that we have had civilizations.

It’s the monopoly in money production that is the anomaly.

We don’t have sources that inform us about any such monetary policy before the Greek city state of Athens in the 5th century BC used inflation to finance its war against the Spartans.

The policy spread with the expansion of the Roman empire, which started debasing its coins towards the end of the 1st century AD.

We had monetary freedom in Norway until 1050 AD.

The Dutch reintroduced it in the Netherlands after the rebellion in 1566 and they had it for about 150 years.

The Irish held on to monetary freedom until they lost against the English in the 17th century AD.

The Americans established de facto monetary freedom in the US after the revolution in 1783, and it lasted until 1857.
And, finally, Argentina followed the same path as the US from the revolution in 1816 and until 1880.

It’s this system, that the new president of Argentina, Javier Milei, now wants to reestablish.

Institutions in a society with monetary freedom

Societies with monetary freedom typically have no or very weak central governments.
Instead, families, relatives and clans have strong bonds.

Furthermore, private property is almost sacred, and one rarely sees large scale wars in this type of societies.

The reason is that without a monopoly in money creation it becomes difficult to set up an apparatus that can extract wealth from the people to finance this type of aggression.

However, the decentralized structure and a strong will to defend against intruders mean that they can be very capable of defending their freedom, as was the case in the region of Norway, where I live, until 1050 AD.

You can say that a society that has monetary freedom and little or no state primarily is rigged for defense and production, while a society with a monopoly in monetary production is rigged for expansionary war and destruction.

Why compound interest is of paramount importance

In order to understand why civilizations develop so differently with different monetary systems, one needs to understand the effect of compound interest.

A typical rate of monetary inflation (expansion of the money supply) in societies with monopolies in money production, has been 7-8% per year.

In a society where money makes up half of all economic transactions, an annual expansion of 7% means that the ones who control the monopoly can extract and take control of 7% of the society’s production each year.

Due to the effect of positive compound interest, constantly increasing the money supply by 7% each year can theoretically result in an accumulated wealth extraction that has doubled in as little as 10 years, tripled within 16 years and quadrupled in 20 years.

The rest of the society experiences the exact opposite, as people see that their money loses value at a negative compounding rate of 7% each year.

Therefore, those who are far away from the money spigot may have to double their productivity in 10 years, triple it in 16 years and quadruple it in 20 years if they want to preserve their share of wealth, their standard of living and keep their means of production, compared to a situation with no manipulation of the money supply.

This is of course nigh on impossible.

Therefore, establishing a monopoly in money production can easily transform a society from being fundamentally decentralized into becoming a two tier system in less than a generation.

It typically ends up with a small wealthy class of creditors with a lot of political power on one hand, and a large poor and indebted class of people with no or little political power on the other hand.

It all sounds so familiar, doesn’t it?

The combined effect of the compound positive interest rates for the «elite» and the compound negative interest rates for the rest explains how enormous effect a monopoly in money production has on society.

The gargantuan redistribution of wealth that takes place in such a society should be compared with what happens in a society without this system, where the distribution of wealth (and power) will be much more evenly spread.

This also helps explaining why families and kinship can remain a lot stronger in societies with monetary freedom.

Once a group of powerful men begins to fuel its influence with a monopoly in money production, the emerging state apparatus basically outcompetes the family and the clan as social institutions.

Why countries with monetary freedom become powerful magnets

When you set up a system with monetary freedom in one country, it quickly attracts talent and capital from countries with monopolies in money production.
It’s almost as if monetary freedom is a nuclear-powered magnet.

The explanation for this effect is that it’s much more profitable to work and invest in a country with money that doesn’t steal from you.

Therefore, people “vote” with their feet and their savings.

Harari doesn’t seem to be sufficiently aware of these mechanisms.

For instance, in Sapiens, he explains the Golden Age of the Netherlands with a boom in bank credit.

The reality, however, is that it was monetary freedom, sound money and full reserve banking that served as the foundation for the fantastic growth that the Dutch experienced in the 16th and 17th Century.

Because the other countries had kings and emperors who extracted wealth from their citizens via aggressive monetary policies, the very opposite system in the Netherlands caused it to attract capital and talent from the other countries at an extreme pace.

Harari also fails to recognize that it was the exact same mechanisms that played out after the American and Argentinian revolutions.

European rulers stuck with their monopolies in money production and continued to pillage their underlings.

As a result, Europe literally became drained of talent and capital that fled to America.

Conclusion

Harari’s Sapiens is supposed to be an exposition of the history of humankind.
However, due to the defects that I have shed light on above, the book cannot at all serve this purpose.

Perhaps Harari doesn’t understand it himself, but his narrative of humankind and the history of civilization draws squarely on the type of society we get when a ruling class is allowed to have a monopoly in money creation.

But as you now realize, this version of civilization is neither natural, nor has it been the dominant way of how we organize our activities.

On the contrary, the normal and above all more human situation has been a civilization with monetary freedom, a significantly smaller state apparatus and a decentralized society where strong institutions such as family, kinship and respect of private property keep it all together.

People should therefore be very skeptical to Harari’s and Schwab’s visions for humankind and how we should organize us in the future.

If you want to join forces in the battle of ideas, I would appreciate it if you followed me here on Nostr and shared this post.


Thx man - and thx a bunch for the sats 🧡


The monetary system is the supreme educator and civilization's most powerful social network.


Gracjan has helped us with proofreading of the Polish translation, so hopefully its in the bookstores soon.

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Dette er julegaven som er midt i blinken til dere som fortsatt ser etter noe til venninnegjengen!
https://undoqo-as.hoopla.no/event/pengeseminarforkvinner/?utm_medium=search&utm_source=hoopla.no


Follow Bitcoin Atlantis on Nostr and stay up to date on the news about what's going to be a fantastic conference in the first weekend of March on Madeira!

nostr:npub1h493d0qgwhu95s82zd9sxrt3ckn3ttgvaf04z02neckadxw5fkvqte4cwz


Milei yesteday reintroduced the Argentinian people's right to use whichever money they like best. It's a tactical masterpiece, to do this instead of dollarization as he talked about before the election - and to do it right before Christmas. Milei follows my recommendation in Fraudcoin, where I argue that countries need to embrace the principle of monetary freedom. I wonder if he has read it...
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Yup, see you 🫡. I think this will be an experience that all attendees will remember as something really, really special.


Guess who's going to Madeira in March to talk to 5000 bitcoiners about the resistance provisions in the legal code in my belowed region, Trøndelag, and how these rules were practiced back in the Viking Age!

https://image.nostr.build/7ed67c67b46d7acf555d35943ff164f00375e1363038ae4d049683d1b8b59781.jpg#m=image%2Fjpeg&dim=1920x864&blurhash=Z5SF%40T0000000000000000%25MWBM%7BoJt6j%5BozbIR%2B%7Eqt79ZadM%7CNGsnRjofD%25xu%25MWXf6RjaxaKt7&x=4dcff033c153d0d67e4ef0881841c0470d672fe616cddd6fb5b0cdfb2b5f0351
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Monetary freedom is as important to society as gravity is to nature.


Says Kris:
"I got UNBAR tonight.  Now on page 13, I actually feel that the joy of reading the book is almost overshadowed by the "sorrow" that each page read brings me closer to the end of this experience. I understand why the designer Mattis gets so much space. The book is a very special work of art both pictorially and literary. Or in unison. Yeah.  Just wanted to say that.  Wish the book was 500 pages. Greet Mattis and say thank you to him and 👍🏻🙏🏻🤗"
https://image.nostr.build/b9f46c02881462c2754fa919bac8378aaa9bf08acf17d562efb8830dd36d5e1d.jpg


Thx for a great comment! I'll check out the video


My opinion of the gold standard is different from the one that most writers hold:

No, it wasn't primarily the gold standard that was introduced over the world in the 1870s that drove growth, innvovation and pushed down prices in the 19th century.

On the contrary, the gold standard made it easier for the countries to inflate their money supply and coordinate monetary policy otherwise.

And inflate they did.

So when WWI broke out in 1914, people lined up outside the banks and wanted to redeem their paper bills for gold.

The alarm bells went off, as the banks didn't have nearly enough gold in their vaults, because they had issued far too many bills.

So they asked their friends in the governments, to kindly introduce "emergency measures."

The corrupt politicians happily played along, and under the pretext that it would safeguard gold from flowing out of the country, they "suspended the banks' obligation to redeem specie."

And then they gave even more gas and inflated like hell during WWI, enabling the war to extend in time and space.

Even the government, central bank and banks in my country, Norway, did this, although we stayed out of the war.

So - the gold standard was a tool, a weapon pointed against the people all over the world - a promise to inflate the money supply at faceripping speed in a coordinated way.

You see, the gold standard came about after a long period with monetary freedom in the US and Argentina.

Which of course the powers in the banking sector hated.

It sucked capital and people out of the central-bank controlled European countries, as if America, with its monetary freedom, was a giant magnet.

The outflow of people and capital most likely made it extremely difficult for the finance sector and the governments  to extract wealth from the people in Europe, both from taxation and inflation.

Turn the screw tighter, and the outflow would only become greater.

As a result the 19th century became a political power vacum where governments and the finance sector were losing the control over the people.

It's this power vacuum that was the wealth creator of the 19th century, not the gold standard.

So - I suggest people should stop praising the it and it's bastard versions after WWI and WWII.

Instead, try to take a look at what monetary freedom implies and why Javier Milei wants to reinstitute it in Argentina.


"I think Fraudcoin is the most engaging and easy to read book about inflation that has ever been written. It also offers a great level of detail on all the government moves and countermoves in the development of the inflation policy. Very well done."
Lawrence W. Lepard

https://image.nostr.build/de58017ec731027534cf30fed7252166870505fe24775ba1a3eb04de570e56f7.jpg


If you want to read a book that takes the battle of ideas to the World Economic Forum's doorstep - then look no further.

***

"UNBAR makes a concise yet powerful case for supporting decentralized money."

Lyn Alden
Author of Broken Money

"UNBAR is a must-read for those seeking a nuanced understanding of the relationship between geopolitics, power and money."

Abubakar Nur Khalil
Bitcoin Core developer

https://image.nostr.build/887df431872b29065c2d4630d36703a3e74a7d719053a65cd70d680a6d90de28.jpg


Thx, that was insightful, spiritual and beautiful


We're trying to make an ebook of UNBAR soon working on it! Fraudcoin paperback is available on Konsensus Network and Amazon. In ebook on Amazon, and audio everywhere bur Amazon (should have been there now, but it drags out)


Yes, cost is broader than price.


"What's the cost of freedom?"

That's the question I asked yesterday on X.

I asked because I suddenly had a strange feeling of understanding that this was the most important question that man can ask himself, and that I might be close to finding the answer, or at least an answer that is satisfactory for me.

Rewind back 20 years. Then I was 31. I read several books by Ayn Rand, including two of her masterpieces, "Atlas Shrugged" and "The Fountainhead". It was then that I understood what freedom meant to me.

It had taken 31 years of my life to find this out.

31 years.

That's a long time of living without knowing what freedom means to you, isn't it?

I realized that, at least to me, freedom meant:

"Absence of coercion."

And it would take a total of 51 years 3 months and 3 days of living until I yesterday realized that the most important question to me is:

"What's the cost of freedom?"

To be more specific, it took me 51 years of reading, reflecting, discussing, completing the writing of three books, coming very close to completing my fourt book (Arrow of Truth) and an invitation to speak at a major conference before I yesterday understood that this question was the most important one.

51 years plus before I understood which question that was most important to me.

That's a loooong time.

Furthermore, it took one additional night with little sleep, waking up at 5 AM this morning, and then enduring one hour with ideas, memories, impressions, arguments and reflections erratically flickering behind my eyelids, before I this morning realized that the answer had been in front of me for almost 15 years.

It has been there - stuck into my face for friggin 15 years as if it was written in large caps on a sheet of paper glued to the tip of my nose - since 2008, before I finally understood 90 minutes ago what my answer to this overwhelmingly important question was.

It has been too close to me, of course, so close that I haven't been able to see it.

And then - boom!

This type of eureka moment has only happened to me very few times before.

I'm not yet going to disclose it all yet, but parts of the answer to the question "What is the cost of freedom" is that:

"It depends."

I guess that not telling you more than this part of my answer will make some of you freak out a little bit, and that's ok, I can live with that.

But I promise, I will share it with all of you in due time.

First I'm going to spell it out as clearly as I can when I go about and complete Arrow.

In the meantime, I hope more of you guys ask yourself the same question.

Have a nice and philosophical day :-)


Bitcoin

https://image.nostr.build/2cc2b6e52db281794140aed182590fc0968cbf1e200d1a4be76bec701571a617.jpg


Sharing this important message here.

Now I hate the government of Ireland, that's for sure.

https://twitter.com/shellenberger/status/1732382572385362352?t=v5wx4KeZAJXPwFv1b6FTJw&s=19


I recently guested the Delingpod, where I talked to James about vikings, freedom, money, inflation, optimism, Bitcoin and more.

https://t.co/CeTRIHqfpF


Wise words from Lyn Alden about #Bitcoin's economic function:

"Faster than fiat - scarcer than gold."

I would add the following, about Bitcoin's political function:

"Smarter than violence - sharper than guilliotines."
https://image.nostr.build/ce685ed5897d5e1450e83517654b3f69195fffcb83f4062ea056b8df53a9b826.jpg


Brave, industrious people

who early see the escape hatch

are handsomely rewarded

with the biggest catch.

Others, who let subservience, ignorance or loyalty dictate

that they should be afraid and sit still

slowly see the escape hatch is replaced with bars,

as they are left with the bill.

#Bitcoin
#inflation
#Fraudcoinbook


Which podcast episode about bitcoin do you recommend for an 18 year old girl?


These news 👇 demonstate that we absolutely must ban gold.

You see gold is being used extensively by politicians and other criminals in briberies and money laundering schemes.

First of all, it represents a direct threat to the banks, because they depend heaviliy on this franchise.

If gold outcompetes cash and bank money as the preferred means of payments by politicians and other criminals, this can cause financial instability, and then we will all suddenly be in serious trouble due.

Secondly, gold mining requires enormous amounts of energy.

Therefore gold is also a direct threat to the climate.

Silver should be banned too, for the same reasons.

Or at least, self custody of gold and silver should definitely be banned.

It's so obvious.

https://www.foxnews.com/politics/gold-bars-stashed-dem-senators-home-recovered-2013-violent-robbery


Er det bitcoinere fra Tromsø-området her på Nostr?


Knowing self defense makes it less necessary to use self defense


Milei hates the state

https://www.ocregister.com/2023/12/02/milei-hates-the-state-will-it-be-enough/


Many countries allow dual citizenship


Few things will be more important than languages


It's a beautiful winter day in Trøndelag ❤
https://image.nostr.build/ccb20c661240562c8cd478f928c6ff89d4745dfe785f53879e8420f39f9b6569.jpg


Nice, where?


I agree with a lot, I believe in him, and his campaign was enormously valuable as education for people. But will he deliever? Only time will tell.


The fund only shares revenue with the government