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Notes by Rune Østgård | export

 Which country is the United States' No. 1 intelligence service partner? 

Hints:

1) Not a five eyes country
2) Taxes are extremely high
3) Elon has recently commented on the extremely high level of gaslighting in this country's MSM
4) Its people celebrate the country's constitution day harder than any other
5) Together with its neighbors, this country's ministers (in the govt) have the lowest level of education in the world 
 Toying with the idea that Musk surely now will call me to give advice on how he and Trump should go about to clean up D.C. 100%. What else could be the reason why he liked my comment?
🤷

https://video.nostr.build/7169b5f29ed2237a6dbbac473c1408ed8886b548f271376acb7ab8bfd353580d.mp4

 
 which part? 
 Perplexity AI explains it better than me:

Norway's updated exit tax, effective from March 20, 2024, imposes a 37.84% tax on latent capital gains exceeding NOK 500,000 [about USD 46 000] for individuals emigrating from Norway[1][3]. The tax must be settled within 12 years of departure, with options for immediate payment, interest-free installments over 12 years, or deferred payment with interest[1][3]. Additionally, the tax applies if the taxpayer dies abroad, and no foreign tax credit is available[1][3]. These changes aim to prevent wealth migration but have sparked controversy due to potential impacts on entrepreneurship and international talent attraction[3][5].

Citations:
[1] https://blogg.magnuslegal.no/en/this-is-the-norwegian-exit-tax
[2] https://taxsummaries.pwc.com/norway/individual/other-taxes
[3] https://www.lifeinnorway.net/exit-tax-changes/
[4] https://assets.kpmg.com/content/dam/kpmgsites/xx/pdf/2023/01/TIES-Norway.pdf.coredownload.inline.pdf
[5] https://meshcommunity.com/norway-30/
[6] https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/abroad/tax-when-you-move-abroad/
[7] https://www.skatteetaten.no/en/person/taxes/get-the-taxes-right/abroad/tax-residence-in-norway-when-moving-to-or-from-norway/
[8] https://taxsummaries.pwc.com/norway/individual/income-determination 
 But, these laws might be a violation of EU law (free movement of capital, we are bound of these EU regulations due to the EEA agreement between EU and NOR) 
 Nixon took USA off the gold standard in 1971 and then fertility rate started to drop, people got ... 
 Coincidence, other forces were much more impoortant 
 The extreme expansion of the monetary supply 1914-1971 caused a massive growth of the state, it imposed a too big burden in taxes and regulation. Humans, society and the economy is very plastic, but there are limits. Cutting the ties to gold probably became a release valve, and in fact the expansion of the monetary supply gradually (but bumpy) came down a little bit.  
 Interestinf to see that a couple of Trump's picks are "Norwegians."

Here you get to know the new U.S. Secretary of Defense, Pete Hegseth, who has Trønder blood in his veins. 

(Trøndelag is my home region in Norway)

https://video.nostr.build/5837f8f800bb1d5ab6c2aca5c0708e88f121617704c14659aded1491e6f3f2d6.mp4

His great-great-grandparents, John Pedersen Hegseth and Anne Olsdatter Hegseth, moved to Minnesota in the mid-1800s. 

Pete Hegseth himself has served as an infantry officer in Afghanistan and Iraq. 

He was awarded two Bronze Star medals, typically given for heroism or meritorious service in a combat zone. 

In the interview, he discusses how the left reformed public schools in the U.S., working to remove religion to make people more loyal to the government and believe in socialism. 

He simply says that schools replaced faith in God with worship of the state. 

Seems like a tough guy with a healthy dose of anti-state thinking. 

In other words, a good old-fashioned Trønder 😁 
 Which I don't like (supporting power is not the old fashioned Trønder way) 
 I'm also sceptical to that part 
 Agreed 
 It's a process, and it's a war of ideas we are fighting. It helps not to generalize. If you are able to see through what many can't, people who blame peoples for their governments' actions, that helps. I don't have any bad feelings against anyone for their race or religious beliefs, only for their harmful actions. But I do know that I'm obliged to fight for liberty, and that I must understand who's just pieces on the chess board, who are being moved around by others. 
 I'm pretty sure Erna Solberg, leader of the Conservatives in Norway, isn't going to use Make Norway Healthy Again as a slogan in the upcoming general elections.
 https://image.nostr.build/38554969f896f70f580d4c852fa5aee4a734d6aaae8616653d242a960d3222ed.jpg  
 On December 10 Microsoft shareholders decide if it should invest some of the $75 billion cash reserves in bitcoin. https://video.nostr.build/6eca46ba6447d4cf1ca243ff171396f490d89ece065dd6d410ad3b07ac7b547b.mp4 
 Looking forward to see "the next Joe Rogan" to say the same about a Nostr app as Rogan said about X:

"X is the number one news source on earth. It's the most trusted, because it's the only one which is not fucked with."

(#2255 - Dave Smith) 
 Looking great! PoW💪 Ordered the book, and payed with bitcoin, of course. Use sound money to bu... 
 🙂 Thx 🧡 
 What a fantastic timing for us to launch our brand new book on Bitcoin, Arrow of Truth, in the original Norwegian version (Eng. version coming up next) 🔥

https://image.nostr.build/97071c52dae5fbf2ff5c0495ca09368c80a29d36321c71e59b8b496a6431ed4f.jpg

Have a peek at it by following the link 👇  to our website, it's packed with beautiful illustrations by my mate, Mattis Storhaug, the guy with the best beard in Bitcoin 😁

What do you think?

https://undoqo.com/pages/arrow-of-truth


https://image.nostr.build/85275c88617503572069dcbc59c58890145b502bb47f0f3087f2e7585c0d0cb7.jpg

 
 🧡THE🧡
🧡 #BoomZapKalaka 🧡
💜     Value-for-Value   💜
🧡   Challenge is on!   ... 
 🙏 
 🙏 
 Kjære alle Bitcoin-interesserte og nysgjerrige!

Endelig, etter to års arbeid lanserer duoen i UNDOQO boken Arrow of Truth, oppfølgeren til bestselgeren Fraudcoin. 

https://image.nostr.build/5fac7ba3505e368aa17c8961d4d1da00e830ca803a828e161df80669ae22cc92.jpg

Boken gir unik innsikt i hvorfor Bitcoin er så viktig, og utforsker hva som kan ha vært Satoshis motivasjon for å skape det som kan bli den viktigste teknologiske og politiske innovasjonen som menneskeheten noen gang har hatt.

Spennende historiefortelling og enkelt språk, spenstig grafisk uttrykk, friske farger, tegnede illustrasjoner, alt i alt, en flott bok som vi håper du vil ha glede av i lang tid.

Vi tror også vi har skapt en bok som vil bidra til mange interessante samtaler rundt middagsbordene. 

Fra og med i dag kan dere kjøpe boken direkte av oss, vi nummererer de 100 første eksemplarene og signerer alle bøker i første opplag (begrenset antall).

Spesielt takk til alle som har ventet så tålmodig, og alle som har vist støtte og interesse 🧡

Besøk: undoqo (dot) com for mer informasjon. 

Mattis & Rune


 
 It works, but sales only open for Norway (and US, for tech reasons) 

If you want us to ship a copy outside Norway, I'll fix that for you, send me a DM 
 Riding on the back of the success I had here in Norway with Fraudcoin - 1000 Years of Inflation as a Policy, I nine months ago openly challenged my country's professors of economics and finance to debate me on monetary policy.

https://image.nostr.build/515008dfc835f29a69dbadc5fb1df863b8115b7ef6105d9059894df60e06cdf6.jpg

Complete radio silence ensued, until the host of one of our biggest trad-fi podcasts contacted me in July.

He said he had found a professor who were willing to do it, and offered to be our moderator.

I accepted, and said I would get back to him when I knew when my next trip to the capital came up.

Two months later I wrote back and said I would go to Oslo in October, but then he said he was leaving his position to go to another company, and that the guy taking over as host for the podcast wasn't interested in the subject.

In preparation of the marketing of our next book, Arrow of Truth, which is about Bitcoin, I sent an e-mail directly to the professor who previously had said he would debate me.

I asked if he still was up for it, and that we perhaps could do it in front of his students at his own home turf in Oslo.

He said yes, but that he didn't have time until next spring, meaning, about half a year from now...

You can say many things about the fiat economy, but its record when it comes to producing brave academics who support their ideas about the traditional monetary system isn't very impressive, at least here in Norway.

 
 I debuted with the book Kvikkleire (Quick Clay) three years ago.

I wrote it because geotechnical engineers in Norway make a ton of money for giving green light to developers who want to build on land with quick clay, without, IMO, understanding the risks.

Have a look at this video and try to imagine the forces in play in this type of landslides.

https://youtu.be/Xwh2Z2nkTsw?si=6VO7oS96cTsVWjNJ 
 Writing a book about Bitcoin made me feel more connected to Bitcoin.

Strange feeling...

(And no mushrooms have been consumed) 
 👌 
 Anyone looked deeply into old 1700 Swedish and Finnish economists/thinkers with Austrian perspect... 
 Haven't heard of them 
 Bitcoiners who have repeated the mantra "I stack sats, and by doing that I do more than my fair share to fight the power" has been, is, and will always be wrong.

It sends the totally wrong signal and here 👇  you see how it might backfire.

I'll stop there, and refrain from ranting on about the free rider problem, which IMO is the root cause of our problems today.
https://x.com/TuurDemeester/status/1847512241173582058?t=SWJaBeFHL2Bw1xxH1A59zQ&s=19
 
 which I'm obviously not doing 
 Kind of cool to know that the government created scam called "carbon credits" can be earned by Bitcoin miners that run on electricity created by methane gas, thereby subsidizing freedom money that the governments hate. 
 Her er en link til foredraget "Trossystem, penger og Sunt Opprør", som jeg holdt på Frihetskonferansen 2024 nå sist lørdag.

https://drive.google.com/file/d/1YqQUJK9XTi3VAwwyheYyC9w_RsYvHL3j/view 
 Nærmer seg 50 podcast innspillinger siden jeg ga ut Fraudcoin for nøyaktig to år siden, og i denne samtalen får jeg blant annet spørsmål om Oljefondet og hvordan barn kan lære hvordan pengesystemet fungerer (metoden kan også brukes av voksne 😉)

https://youtu.be/BcRmRAE2VkM?si=HFpeIB3auDwCIZzP 
 They tightened the wealth tax too this year, but they had already increased the wealth tax. 
 Cantillonaire, but he has discovered Bitcoin 
 sorry, it's wealth tax 
 GM!

Socialism is, in practice, anarchy for the political class, with the rest of us as paying spectators. 
 Fiat bros are modern days' flat earthers 
 The Norwegian Oil fund is the largest sovereign investment fund in the world.

The fund is supposed to finance the Norwegians' future pensions.

At 1.7 trillion USD, it's the 8th most valuable asset in the world, with a market cap equivalent to about 10% of all of the gold that has been mined throughout history.

Gold tops the list of the most valuable asset (market cap).

When we include the fund, bitcoin is No. 11 on this list, only 14 years after the digital currency started to have economic value.

The fund is only allowed to invest in real estate, bonds and stocks outside of Norway.

It isn't allowed to invest in gold or Bitcoin.

The fund owns 0.6 % of Microstrategy, meaning that it indirectly owns a tiny bit of bitcoin.

Compared to the gold price, it has had an annual average loss of about 1.9% over the 26 years since its inception.

This is notable, considering that the fund invests in risk assets, while gold is considered to be one of the safest assets money can buy.

In other words, the fund doesn't profit from taking risk.

A major reason why the fund performs badly is that real estate, bonds and stocks, are assets that currently are being demonetized by gold and bitcoin. 
 Dunno 
 One of the best answers I ever heard about #Bitcoin was someone who asked a hardcore bitcoiner, ... 
 It'll take time, and in the process, people will hate less and less 
 I'm talking about an exchange that doesn't hold anyone elses bitcoin. It buys enough bitcoin to meet the demand with its own holdings. Is that doable and can it be profitable? I guess, if we see a major exchange collapse now, people would pay a littlebit more for the kind of service I describe 
 And they don't have any bitcoin in custody for anyone? 
 Shouldn't is be possible to instantly lock sats equivavent to orders as soon as they came in? That would make it possible to see the balance. Only orders that locked sats would be valid. By continually publishing a list of the balance, one would see if they had a deficit or a surplus of bitcoin holdings 
 I'm talking about an exchange that doesn't hold anyone elses bitcoin. It buys enough bitcoin to meet the demand with its own holdings. Is that doable and can it be profitable? I guess, if we see a major exchange collapse now, people would pay a littlebit more for the kind of service I describe 
 Crypto exchanges and crypto retail shops may make a ton of profit by running fractional reserves just like banks do with fiat money, pumping out paper bitcoin to customers who don't take custody of their bitcoin.

What does it take to get big exchanges ot shops that provide instant and 100% transparency /self audit, where you see their pool of bitcoin on one or more adresses and you instantly can follow all of the inflow as well as all of the outflow?

Is this technically feasible, will it be costly, do we already have players who offer this type of service or do you have any other insights on this question?

Furthermore, what happens in practice when we get big run on multiple exchanges/retailrs and suddenly everyone want to take self custody ?

For instance, what happens in such a scenario with the transaction fees, and how long will it take to reveal if they have been running ponzis? 
 Shouldn't is be possible to instantly lock sats equivavent to orders as soon as they came in? That would make it possible to see the balance. Only orders that locked sats would be valid. By continually publishing a list of the balance, one would see if they had a deficit or a surplus of bitcoin holdings 
 We nees more undersight, not more oversight.

Decentralize. 
 That too.
Undersight was a wordplay 
 People

who say

government 

must provide 

free education...

we call

uneducated

or "well adjusted"

if you like this word better. 
 I'm more of a tar and feather guy.

Therefore, the political elite should support my ideas and gently give up their power.

https://image.nostr.build/b65417de6979563f1a0c76ba13f74382d430e0369f161efb1bcf0da3ce3311f5.jpg

You see, some are more of the gallow type. 

I suspect people who understand things late typically fall in the latter category.

They shout:

"Hang them! Hang them!" 

and a lot higher than most people.

But why?

Because they are afraid of those who woke up earlier than them, they are afraid of being brought to the gallow themselves.

So they scream until they are blue in their faces, to avoid the same faith as the rulers.

Mark my words.

Tar and feathers is the best option.

Just let it all go, release us, and I'll try to speak reason to the mob before it grows too angry. 
 You thinking of making money of it?
😁
 
 😆 
 Thx, well put 
 Yes 
 Jeg var så heldig å få være med i denne ukas Steinkjerintervju på lokal-TV, Eggevisjon.

https://youtu.be/AENd7_xlyIk?si=cWOq_xva3tWqHh0E 
 Paal Friele Grung i podcasten Hvordan bli rik! kaller samtalen vår en "Masterclass om penger" og forteller at episoden allerede er den mest sette på kanalen deres på YT.
🔥
https://youtube.com/watch?v=L9D_VuPW8hE&si=hQ0Hf_N5fsxKLP-y 
 You can't learn more interesting stuff in 2 hours and 37 minutes -  I promise

 https://youtu.be/HyzXG2pqJ_E?si=2ntHn0G8AtNSayiQ 
 I highly recommend the movie Fantastic Mr. Fox, based on Roald Dahl's book with the same title. 

It seems highly relevant today too. https://image.nostr.build/4e68230e7a42aad2fe3c550a95dacf784fb0f42bb0d82e17c02bd7bee5cc32ff.jpg 
 Today, it feels like the political class treats us as we represent some sort of gigantic tragedy of the commons problem that they must solve.

https://image.nostr.build/dddb83c8052075f7292e6d99cf00a5dbb9bb4383c8ac4d9356e6b4bf0968ae01.jpg

People in group A tell themselves:

"If I don't brainwash and weaponize the people against group B, then group B will brainwash and weaponize the people against us."

and vice versa.

Therefore, they prey on us as we were some stupid grazing buffalos that "nobody owns."

This leaves us with no other option than to fight back against the political class as if it was a pack of wolves.

But remember, this is a war of ideas, and if you are stupid enough to bring violence to the battlefield you will normally only end up causing damage to your own cause.

Fight the war of ideas.

Make it a Sound Rebellion.
 
 Generalization is one of the greatest threats to the human intellect and the human species.

Worst among the various types of generalization are:

- equalizing political rulers and state laws with the nations' peoples, 

- equalizing religious leaders and religious texts with the religions' followers,

- equalizing nations' history with the present day nations' peoples' morals, and

- equalizing the evil deeds of some men with a certain skin colour with the ethics of other men with the same skin colour.

These narratives fuel all kinds of wars, all kinds of terror, and all kinds of evil actions at an individual level.

Furthermore, I truly believe that ignoring these terrible forms of generalization is the greatest and most widespread sin committed by intellectuals throughout history.

This intellectual bankruptcy has fuelled a hatred that political leaders all over the planet and throughout all of our history continually exploit in order to achieve their evil objectives.

The war of ideas must be fought, and if we don't succeed with weeding out these false beliefs, we will never see an end to politicians' ambitions to steal our freedom.

 
 I disagree. Politicians exploit the people both before and after they take power. 
 The people didn't choose the systems that made it possible for the rulers to get power. There is no social contract. 
 "Absurd?" Are you getting personal with me? Study harder, you have much to learn. This is a waste of time for both of us until you have done so 
 I just have a problem with this interpretation of society with the social contract idea and all of this generalization about "the people" brought X to power.

Re. the revolution, you might find this book interesting

 https://image.nostr.build/df93c90b9d9edf5cc1e6852c479355208687a974feb4666945fd9f2dd4757cf0.jpg  


 
 Yes. The content of the book is interesting, I learned several things I didn't know. But I see that he has self published it and that the last chapter refers to the rest of the book as "this article". The chapters also almost look like separate articles, and they afe not very well tied together. So I kind of get the sense that he sat with gold but no publisher wanted to take it, and he might just have  decided just to publish it without doing the last hard 10% of the work. Who knows, the book might have been seen as too dangerous. 
 Transfer of money from individuals to the state has negative marginal value from the very first monetary unit that is being transferred. 

The negative effect increases exponentially from unit two and upwards.

Prove me wrong. 
 People who have mortgages while they at the same time invest in stock funds are in practice people who gear their investments - prove me wrong. 
 I mean "borrow to invest"

What is 1st lien / position HELOC? 
 jepp 
 🔥 insight  
 Yup, it's the same