When private businesses go bankrupt, shareholders get wiped out.

When governments go bankrupt, those who hold its fiat currency get wiped out.


First, they told you deflation was the real problem.

Then, they told you that there was no inflation and talk of it was only a conspiracy theory.

Then, they told you that inflation was indeed there but merely “transitory.”

Then, they told you Putin and greedy companies caused the inflation.

And now they’re telling you the inflation has been defeated.

In short, the Fed is spitting on your boots and telling you its raining. They’re gaslighting you.


Central banks have only two tools in their toolbox:

1. Currency debasement

2. Gaslighting


The Debt Spiral Crosses the Point of No Return

https://financialunderground.com/articles/the-debt-spiral-crosses-the-point-of-no-return/


There was once a mathematician who supposedly invented the game of chess and presented it to his king.

The king, impressed by the game, asked the mathematician to name his reward.

The mathematician asked for grains of wheat, using the chessboard to calculate the amount. He requested that a single grain of wheat be placed on the first square and doubled for every subsequent square.

This means two grains on the second square, four on the third, eight on the fourth, and so on, for all 64 squares on the chessboard.

Initially, the request seemed modest to the king, who agreed.

However, the reality of exponential growth became apparent as the process unfolded.

By the time the board was half-covered (at the 32nd square), the number of grains was already enormous, reaching over four billion. As the squares continued to be filled, the numbers grew astronomically larger.

By the 64th square, the total wheat needed for the entire board reached 18,446,744,073,709,551,615 grains—about 18.4 quintillion.

To put this into context, let’s convert this to a more understandable measure, such as metric tons. The average weight of a grain of wheat is about 50 milligrams or 0.00005 kilograms.

18,446,744,073,709,551,615 grains * 0.00005 kilograms/grain = 922 trillion kilograms.

Since there are 1,000 kilograms in a metric ton, this equals about 922 billion metric tons.

To compare this with global wheat production, let’s consider recent figures. According to the Food and Agriculture Organization of the United Nations, the world’s wheat production in a recent year was about 761 million metric tons.

The 922 billion metric tons required for the chessboard is about 1,211 TIMES the entire global wheat production.

This example illustrates the astonishingly large number that results from exponential growth, even when starting with something as small as a single grain of wheat.

https://financialunderground.com/articles/the-debt-spiral-crosses-the-point-of-no-return/


Trying to quantify a general increase in prices as a single number for over 334 million people—as the CPI claims to do—is an impossible task.

It’s even more ridiculous than using a national average weather temperature to indicate what clothes you should wear for the day.


The reality is that inflation is 100% a political phenomenon.

Neither the local grocery store, the pharmacy, the restaurant owner, nor foreign scapegoats are responsible for inflation. The government—with its monopoly control over the currency—is.


Since its founding in 1828, Webster’s Dictionary had defined inflation as “an increase in the money supply.” Then in 2003, it changed the definition to “a rise in the general price level.”

The difference might seem subtle, but it’s not. It’s a deliberate deception.

Redefining inflation this way confuses cause and effect, which is exactly why they did it.

Price increases are not inflation. Instead, they are an effect of inflation—an increase in the money supply.

When inflation is redefined as “a rise in the general price level,” many people are confused about what is happening and who is causing it. Inflation seems to come out of nowhere.

It would be like redefining robbery to mean “a mysterious property loss,” as if there was no robber.


Though he was wrong on just about everything, John Maynard Keynes was on target when he said:

“Lenin was certainly right, there is no subtler, no surer means of overturning the basis of existing society than to debauch the currency.

This process engages all the hidden forces of economic law on the side of destruction, and does it in a manner not one man in a million is able to diagnose.”


Like a carton of spoiled milk left out on the kitchen counter, the fiat currency system is long past the end of its shelf-life.

https://financialunderground.com/articles/the-collapse-of-fiat-money-and-golds-resurgence/


A prediction.
The arrest of Durov will be one of the greatest accelerants to social media applications built on protocols such as NOSTR.
Exposing weaknesses in any systems can take down those existing systems and while it is easy to be transfixed by the flames burning down the house the fact is the next house gets built with fire insurance. This is the iterative nature of the human spirits desire for freedom and hence innovation.

There exists a desire to use technology to enslave us all but technology has always been a disruptor and liberator as well.


FinancialUnderground

Our research puts together the pieces to reveal the true Big Picture geopolitical and economic trends and how to get positioned in smart speculations ahead of the crowd.


Shutting down Hormuz visualized and put into perspective...

During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.

Oil prices roughly quadrupled.

During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.

Oil prices nearly tripled.

During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.

Oil prices more than doubled.

If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is approximately 94 million barrels per day, which means about 22% of the worldwide oil supply could disappear.

As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.

https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/

https://m.primal.net/JyOA.png


Whoever prevails in this battle will win WW3 and get to shape the new world order.

https://financialunderground.com/articles/world-war-3-decisive-battle/


Changes to the world order are historical events with enormous implications—investment and otherwise.

We’re living through one of these rare times right now.

https://financialunderground.com/articles/world-war-3-the-catalyst-for-a-new-world-order/


According to Forbes, there are around 806 billionaires in the US with a combined net worth of about $5.8 trillion.

Even if the US government confiscated 100% of their assets with a wealth tax, it wouldn't even cover federal spending for just one year.

It certainly wouldn't change the trajectory of the debt spiral, which is now an unstoppable trend.


The Great Monetary Pivot of 2024

https://financialunderground.com/articles/the-great-monetary-pivot-of-2024/


You Can’t Taper a Ponzi Scheme

https://financialunderground.com/articles/you-cannot-taper-a-ponzi-scheme/


Dispelling Five More Myths: The Truth About Bitcoin

https://financialunderground.com/articles/dispelling-five-more-myths-the-truth-about-bitcoin/


Governments, the media, academia, large corporations, and celebrities tout an imminent "transition" to EVs as if it’s preordained from above.

It’s not.

They’re trying to manufacture your consent for a scam of almost unimaginable proportions.

https://internationalman.com/articles/3-reasons-theres-something-sinister-with-the-big-push-for-electric-vehicles/


Many erroneously think that since there are thousands of cryptocurrencies, “crypto” is just another asset class like bonds or stocks, and they need diversification within that asset class.

That would be like adding pyrite to your portfolio to diversify your gold holdings.

https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/


The Race for Strategic Commodities in World War 3

https://financialunderground.com/articles/the-race-for-strategic-commodities-in-ww3/


Bitcoin Paves the Way for a New Era of Free Market Banking

https://financialunderground.com/articles/bitcoin-paves-the-way-for-era-of-free-market-banking/


The Catalyst for a Banking Renaissance

https://financialunderground.com/articles/the-catalyst-for-a-banking-renaissance/


The Case Against Altcoins: 3 Reasons To Stick to Bitcoin Only

https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/


A $250 Million War Game and Its Shocking Outcome

https://financialunderground.com/articles/a-250-million-war-game-and-its-shocking-outcome/


For thousands of years, gold has always been mankind’s hardest money.

That all changed on April 19, 2024, and most people have no idea.

https://m.primal.net/HxoN.png


A Unique Moment in Monetary History Is Days Away… and Most Have No Idea

https://financialunderground.com/articles/a-unique-moment-in-monetary-history-is-days-away-and-most-have-no-idea/


Savers face the daunting task of outpacing inflation AND the capital gains tax just to maintain their purchasing power.

That’s made saving an impossible task for many people.

Previously, people could simply save in money, which was either gold or a derivative of it.

There was no need for a dentist, a construction worker, or a taxi driver to also become a hedge fund manager to try to keep their heads above water.


How will you save for the future—or retirement—when the US dollar loses 50% of its value every nine years, in the best-case scenario?

In reality, you probably have much less than nine years before the US dollar loses half of its purchasing power again.

That’s a big problem EVERYONE will have to address soon.


Let me put it into the simplest and most concise terms.

1. Central banks create fake money out of thin air and loan it to governments at interest.

2. Governments use violence and threats of violence to extract taxes from average citizens to pay the interest on the fake money the central banks created out of thin air.

3. Like the mafia, they can deploy violence to ensure there is no competition to their privileged racket.

That’s the unvarnished truth about central banking.

In short, it’s the business of usury and tax farming.


The central bank’s real mandate is to transfer as much wealth as possible via currency debasement to the political class without causing alarm among the plebs.

https://financialunderground.com/articles/the-business-of-central-banking-usury-and-tax-farming/


The “Business” of Central Banking—Usury and Tax Farming

https://financialunderground.com/articles/the-business-of-central-banking-usury-and-tax-farming/


In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage. The table below summarizes the results.

Bitcoin wins in 6 out of the 10 categories, including hardness (resistance to debasement), which I believe will be the most decisive factor.

While gold has an advantage over Bitcoin in durability, that advantage will only be relevant in the case of an inescapable, global return to the Stone Age that lasts into eternity. Such an unlikely outcome is not relevant to investment decisions today.

Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.

If current trends continue, I believe Bitcoin will overtake gold in these categories in the years ahead.

Putting it all together, gold’s advantages over Bitcoin are either irrelevant or melting away.

The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.

Digital gold is better than analog gold.

In short, Bitcoin is likely to win the ultimate competition and become the world’s dominant money.

https://m.primal.net/HrKT.png


In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage.

The table below summarizes the results.

https://m.primal.net/HrKT.png

https://financialunderground.com/articles/gold-vs-bitcoin-comparing-the-top-10-monetary-characteristics/


Most likely, gold will be remonetized as the fiat currency system collapses, only to be demonetized by Bitcoin in the following years.

https://financialunderground.com/articles/gold-vs-bitcoin-the-winner-is/


The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.

https://financialunderground.com/articles/gold-vs-bitcoin-the-winner-is/


On a recent CNBC segment,  nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m discusses why Bitcoin as a medium of exchange is a distraction.

TLDR: "Nobody's trying to buy a cup of coffee with a fraction of their building on Fifth Avenue. But every rich person I know owns property in London, or New York City, or somewhere. And none of them complain about not being able to spend their building as a medium of exchange.

So, the killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction."

Andrew Ross Sorkin: Is there any risk that governments—the US government, Chinese government, other governments—somehow do something to Bitcoin that puts its growth in jeopardy?

Michael Saylor: It's another great question, Andrew.

A lot of times, the skeptics say, "Bitcoin looks too good to be true. It's so good to be true. Someone's going to take it away from you."

That's based on a fundamental misunderstanding about Bitcoin. People refer to it as currency or digital currency, and that's an unfortunate historical artifact.

It's not digital currency. It's digital property.

Once you make that big leap and understand its property, you see the compelling use case is capital preservation for everyone in the world.

There's no anathema associated with owning property.

You can own a billion-dollar building in New York City. Every place in the world where they allow you to own property—China, Europe, the US—they're going to embrace Bitcoin as digital property.

All the controversial issues around cryptos have to do with their use as a medium of exchange.

But what I'm here to say is medium of exchange is only worth a trillion dollars. Store and value is worth a hundred trillion dollars.

So I give your company, I give your family, I give your institution a billion dollars. I drop you in Africa and say, "You’ve got to save the capital for a hundred years. What are you going to buy?"

And the answer is nothing. There is nothing on the entire continent you can buy that's better than Bitcoin.

So, Bitcoin is going to be embraced as property.

It's going to be controversial if people think of it as a currency.

So, I would encourage people to think of it as digital property—a billion-dollar building in cyberspace and hold it for a hundred years.

Andrew Ross Sorkin: Does it ever have to be a currency, or do you think it ever becomes a “currency”?

Michael Saylor: It doesn't have to be a currency.

Nobody's trying to buy a cup of coffee with a fraction of their building on Fifth Avenue. But every rich person I know owns property in London, or New York City, or somewhere. And none of them complain about not being able to spend their building as a medium of exchange.

So, the killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction.

Governments are always going to issue currency. They're always going to make it legal tender, and that's just fine.

Bitcoin is competing with gold—it's going to eat it. Then it's competing with risk assets as a long-term holding, and it's competing with you buying an Airbnb as a retirement income source if you're a middle-class person.


Owning 1 BTC is like owning 324 ounces of the global gold supply; each would give you ownership over about 0.00000476% of the overall supply.

Owning 1.236 BTC is like owning a 400-ounce Good Delivery gold bullion bar; each would give you ownership over about 0.0000059% of the overall supply.


It's not based on price, but percent of overall supply.

Bitcoin has a supply of 21 million.

The World Gold Council estimates there are 6.8 billion ounces of mined gold globally.

1/21,000,000 is roughly equal to 324/6,800,000,000

Each gives you about 0.00000476% of the overall supply.


Owning 1 BTC is like owning 324 ounces of the global gold supply.

Owning 1.236 BTC is like owning a 400-ounce Good Delivery gold bullion bar.


Platinum and palladium are scarcer than gold but not hard assets. Current production is high relative to existing stockpiles.

That's why platinum and palladium are industrial metals, almost nobody uses them as money.


Given the characteristics of gold and Bitcoin, which is best suited for sending value through time and space?

https://financialunderground.com/articles/gold-vs-bitcoin-comparing-the-top-10-monetary-characteristics/


A common misconception says money also needs to have some industrial use for it to be good money.

However, that’s like saying a shoe must also be useful as a hammer to be a good shoe.

Many people incorrectly reason that Bitcoin can’t be a good money because it has no industrial or non-monetary utility.

However, industrial use is not needed to make something useful as money. Using something as money—i.e., to store and exchange value—is sufficient for it to be money.

The fact that gold has some industrial use doesn’t give it superior monetary properties. People value gold as money primarily because it’s the one physical commodity most resistant to debasement—not because it’s used in dentistry, electronics, or other industries.

On the contrary, I’d argue that gold’s relatively small industrial uses do not enhance its monetary characteristics. If they did, why aren’t metals with more industrial use—like copper or nickel—more desirable as money?

When it comes to money, I’m only interested in its ability to store and exchange value. I’m not interested in something whose value is hostage to the whims of ever-changing industrial conditions.

This is why industrial use is not a monetary benefit but, in fact, a potential detriment.

Gold would be an even better money without the variation in its supply and demand from its industrial uses, which are unrelated to its use as money.


Is Bitcoin demonetizing gold?

https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/


Did you know the Bitcoin price reached parity with the gold price in April 2017 and never looked back?

Today, buying a single Bitcoin takes over 30 ounces of gold.

https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/

https://m.primal.net/HmQB.png


Gold vs. Bitcoin: The Ultimate Competition To Be the World’s Best Money

https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/


https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/

https://m.primal.net/HkCe.png


While it’s impossible to quantify the conflict precisely, we can look at the various domains of World War 3, see how each side stacks up, and make projections from there.

It seems to me the advantage of NATO & Friends in financial warfare is fleeting and mostly neutralized by the advantage of BRICS+ in economic warfare.

Across most other domains, neither side has a conclusive advantage.

NATO & Friends has an edge in information warfare, but I don’t think that will prove decisive in the overall conflict.

The one domain that I think will probably determine World War 3 is proxy warfare, where BRICS+ has the advantage and momentum.

NATO & Friends could reverse the situation with the proxy wars. However, that would require them to take a bad hand and double down in a desperate attempt to get even. They may do so if they have nothing to lose, but I doubt it will change the outcome.

As it stands now, I think there is an excellent chance that BRICS+ will prevail in World War 3 as they prevail in the three decisive proxy wars in Ukraine, the Middle East, and Taiwan and also neutralize NATO & Friends’ edge in financial warfare by developing alternatives.

That means we’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.

https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/https://m.primal.net/HkCe.png


We’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.

https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/


A good analysis of the current state of World War 3...

nostr:nevent1qqsd6agjw4u000ladmn42putxw2jslwt6dyf55nypc8wagp7q0gnnlgpp4mhxue69uhkummn9ekx7mqzypez279lse3ny8nv6l7yraytdwhzlnyyvm0psvc3ea6fdshw4cufcqcyqqqqqqggygzkj


World War 3 is unlikely to be a direct kinetic war between the US, Russia, and China.

Instead, the conflict will play out on different levels.

https://financialunderground.com/articles/who-will-prevail-in-world-war-3-exploring-the-7-key-battlefields/


Who Will Prevail in World War 3?

Exploring the 7 Key Battlefields

https://financialunderground.com/articles/who-will-prevail-in-world-war-3-exploring-the-7-key-battlefields/


Time to Abandon the S.S. United States? ( nostr:npub1wgjh30uxvvepumxhl3qlfzmt4chueprxmcvrxyw0wjtv9m4w8zwq3se082 )

https://fountain.fm/episode/ZwBJ4I4sT3jJgvvuewz5


3 indisputable facts about altcoins.

#1. In the history of altcoins, only 3 have ever made new highs in BTC terms after their initial pump.

#2. One of them was Dogecoin, a joke with no practical use case, because Elon pumped it.

3. Practically every altcoin has exactly the same chart over the long-term. (see below)

https://www.swanbitcoin.com/bitcoin-and-the-one-hit-wonder-altcoins/

https://m.primal.net/Hgrq.png


Did you know the Bitcoin price reached parity with the gold price in April 2017 and never looked back?

Today, it takes over 30 ounces of gold to buy a single Bitcoin.

Is Bitcoin demonetizing gold?

https://m.primal.net/HgcJ.png


World War 3. is  happening right now and rapidly escalating.

In fact, World War 3 has been going on for over ten years.

https://financialunderground.com/articles/a-multipolar-world-order/


A Multipolar World Order

https://financialunderground.com/articles/a-multipolar-world-order/


The business of central banking is usury and tax farming.

They create fake money out of thin air, loan it to governments, charge interest on fake the money, and get governments to collect taxes on average citizens to pay the interest on the fake money.

Like the mafia, they can deploy violence to ensure there is no competition to their priveledged racket.

It's long past time to end this scam of historical proportions.


World War 3 and the New World Order

https://financialunderground.com/articles/world-war-3-and-the-new-world-order/


A more practical modern meaning of usury is "enslaving people with financial trickery."

There is no bigger financial trickery than printing fake money out of thin air, loaning it to governments, charging interest on it, and then getting the governments to pay the interest by coercive taxes forced upon regular citizens.

This is the "business" of central banks.

It's essentially tax farming and harvesting the efforts of human cattle.


The #1 Warning Sign Capital Controls Are Coming Soon and 4 Ways To Beat Them

The carnage always comes by surprise…  weekends and holidays are the perfect time to catch people off guard.

https://financialunderground.com/articles/the-1-warning-sign-capital-controls-are-coming-soon-and-4-ways-to-beat-them/


3 Shocking Truths Most People Don’t Know About Money in Bank Accounts…

The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.

https://financialunderground.com/articles/3-shocking-truths-most-people-dont-know-about-money-in-bank-accounts/https://m.primal.net/HaxK.png


Governments will probably mandate CBDCs as the “solution” when the next real or contrived crisis hits—which is likely not far off.

https://financialunderground.com/articles/the-globalists-want-cbdcs-in-2024-what-really-comes-next-will-surprise-them/


The Globalists Want CBDCs in 2024… What Really Comes Next Will Surprise Them

https://financialunderground.com/articles/the-globalists-want-cbdcs-in-2024-what-really-comes-next-will-surprise-them/


This guy has some of the best insights:

https://www.bowtiedmara.io/

https://twitter.com/BowTiedMara


Bitcoin has tremendous value as a technology for freedom—even if the price stays flat forever.

That’s because Bitcoin allows anybody to hold money that nobody can debase and enables anyone to send and receive value worldwide without relying on any third party.

That represents a revolutionary improvement in money and economic liberty.


Contrary to conventional wisdom, higher interest rates mean more inflation in the environment today.

That’s because the federal interest expense increases as interest rates rise.

As the federal interest expense rises, so does the budget deficit.

As the budget deficit increases, so does the currency debasement needed to finance it.

https://financialunderground.com/articles/the-2024-debt-spiral-how-1-trillion-in-interest-is-breaking-the-federal-budget/


The 2024 Debt Spiral: How $1 Trillion in Interest Is Breaking the Federal Budget

https://financialunderground.com/articles/the-2024-debt-spiral-how-1-trillion-in-interest-is-breaking-the-federal-budget/


2024: The Year of the Inflection Point

https://financialunderground.com/articles/the-year-of-the-inflection-point/


For thousands of years, gold has always been mankind’s hardest money.

That is all set to change in a few months, and most people have no idea.

https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/


Several imminent catalysts could catapult the Bitcoin price into the stratosphere.

https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/


If you think Bill Ackman is some anti-woke crusader, congratulations, you've been officially gaslit.


The Top 5 Bitcoin Catalysts of 2024

https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/


US government is now borrowing money to pay interest on the federal debt.

Extreme currency debasement comes next...

https://financialunderground.com/reports/survive-and-thrive-during-the-most-dangerous-economic-crisis-in-100-years/

https://m.primal.net/HWPs.png


The Most Common Second Passport Scam… and How To Avoid It

https://financialunderground.com/articles/the-most-common-second-passport-scam-and-how-to-avoid-it/


Before Bitcoin, obtaining consensus required a central authority.

Think of a traditional bank that you use.

The bank is needed to keep an internal ledger of accounts and balances, including your balance and transaction history.

It would be impossible to keep accurate records without a trusted centralized entity determining what is true for everyone in this situation.

Now imagine an innovation that removes the need for the centralized entity (the bank) to keep an accurate record of all the accounts, balances, and transactions.

It allows everyone to be their own sovereign bank without needing trusted third parties.

That’s Bitcoin.

https://financialunderground.com/articles/who-is-satoshi-nakamoto/


Who Is Satoshi Nakamoto?

https://financialunderground.com/articles/who-is-satoshi-nakamoto/


Argentina legalised Bitcoin for payments, contracts, etc.

But not just Bitcoin - they legalised currency competition- Recognising what was already a reality. In Argentina today almost all large transactions were carried out in USD. The new president Javier Milei has been clear about his plans to dollarise the economy, end the Peso and shut down the central bank.

However by legalising currency competition and ending the enforcement and persecution of currency exchangers... he is actually opening the door to Bitcoin as an alternative to the Peso and also to the Dollar. This is very relevant because, while USD use is widespread on the street and for larger trades, online USD payments were difficult and will probably continue to be so for a while, even more so international payments. But argentinians can download a Bitcoin LN wallet and get zapped on Nostr in minutes.
Many will, as it remains the best online option for them.

By the time the USD starts being as inflationary as the ARS:

1. Argentinians will be free to choose currency
2. They will already be familiar with Bitcoin  from online payments

Today they will migrate from ARS to USD in mass. In a few years they will do the same from USD to BTC.

All that the government needs to do is not stand in the way!

https://m.primal.net/HUtj.png


Remember, politicians wanted only government-approved cryptography, in which the state would always have backdoor access and the ability to decrypt any message.

The government may have had its way had it not been for the Cypherpunks.

More...

https://financialunderground.com/articles/a-preemptive-strike-against-an-orwellian-future/


A Preemptive Strike Against an Orwellian Future

https://financialunderground.com/articles/a-preemptive-strike-against-an-orwellian-future/


My latest on nostr:npub1z7eqn5603ltuxr77w70t3sasep8hyngzr6lxqpa9hfcqjwe9wmdqhw0qhv

Can The Government Ban Bitcoin? Four Things You Need To Know Today

https://www.zerohedge.com/crypto/can-government-ban-bitcoin-four-things-you-need-know-today


It's official.

FASB adopts fair value account for Bitcoin.

https://news.bloombergtax.com/financial-accounting/first-us-crypto-accounting-rules-to-capture-token-highs-lows

Here's why it's a huge deal.

https://financialunderground.com/articles/high-profile-billionaire-warns-your-last-chance-to-front-run-big-institutions/


It was published today.


Can the Government Ban Bitcoin?

Four Things You Need To Know Today

https://financialunderground.com/articles/can-the-government-ban-bitcoin-four-things-you-need-to-know-today/


Five Common Bitcoin Misconceptions Debunked

https://financialunderground.com/articles/five-common-bitcoin-misconceptions-debunked/


During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.

Oil prices roughly quadrupled.

During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.

Oil prices nearly tripled.

During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.

Oil prices more than doubled.

If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is approximately 94 million barrels per day, which means about 22% of the worldwide oil supply could disappear.

As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.

https://m.primal.net/HRVG.png

https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/


Doug Casey on the Use of Children in Propaganda

https://internationalman.com/articles/doug-casey-on-the-use-of-children-in-propaganda/


American support for Israel during the 1973 Yom Kippur War was the catalyst for the OPEC embargo, which caused the first oil shock. The oil price roughly quadrupled, from around $3 per barrel to about $12 in a matter of days.

It immediately triggered an energy crisis. There were gas shortages and panic in the US as drivers sat in lines stretching for blocks, waiting to fill their gas tanks.

The second oil shock followed in 1979 as crude prices nearly tripled. A large conflict in the Middle East was again the cause—the Iranian Revolution and the subsequent Iran-Iraq War.

A third oil shock occurred in 1990 as Iraq invaded Kuwait, causing oil prices to more than double.

Here’s the bottom line.

Big Middle East wars are often catastrophic for global oil supplies. And supply disruptions cause price spikes. It’s a simple relationship.

This isn’t surprising. Analysts estimate that over 40% of global oil exports come from the Middle East.

Today, the Middle East is again on the cusp of a large regional war between Iran and its allies and Israel and its allies. The conflict could potentially be more destructive than the conflicts that caused the prior oil shocks.

https://financialunderground.com/articles/middle-east-wars-and-oil-shocks/


A $250 Million War Game and Its Shocking Outcome

https://financialunderground.com/articles/a-250-million-war-game-and-its-shocking-outcome/


.@`saifedean`

"Israel's claim to Palestinian land based on Israelis having descended from inhabitants of the land 2,000 years ago is absurd. Property rights are individual, not ethnic. There is no sane way of establishing a peaceful civilized society if property rights were subject to dispute by collective entities with vague ancient tales. Civilization can only function if individual property rights are respected and pre-1948, anyone of any religion could own land in Palestine and the system of property rights was accepted by all inhabitants.

European Zionist migrants to Palestine accepted the legitimacy of the system of property rights prevalent there and bought many properties from the locals. They then decided these property rights are invalid, massacred and expelled Palestinians, and refused to allow them to return to their property. No matter what the ethnic history of the land is, nothing justifies these crimes. Yet what makes them even more absurd is that the Zionist claim based on ethnicity doesn't even survive simple genetic analysis: Palestinians are genetically closer to the inhabitants of Palestine 2,000 years ago than the European Zionists who expelled and murdered them based on their supposed ethnicity.

And so today more than 90% of the land controlled by Israel is owned by the Israel Land Authority, a government agency that only allocates it to people who identify as Jewish, regardless of their link to ancient descendants, while denying property rights to the locals who descended from the original inhabitants.

Property rights are the root of this conflict, and not some insane nonsense about religions hating each other. Muslims, Jews, and Christians coexisted peacefully for hundreds of years in Palestine as long as they all had the right to property. Zionism made property rights available only to adherents of a political movement claiming to be an ethno-religious group, and there hasn't been peace since."

-Saifedean Ammous


The Top 10 Bitcoin Misconceptions Debunked

https://financialunderground.com/articles/the-top-10-bitcoin-misconceptions-debunked/


For thousands of years, gold has always been mankind’s hardest money.

That is all set to change in a matter of months, and most people have no idea.

https://financialunderground.com/articles/harder-than-gold-faster-than-fiat-2/


More details here:

https://internationalman.com/articles/doug-casey-on-the-worlds-first-anarcho-capitalist-president/


I'll be speaking at the upcoming Expat Money online summit. Check it out!

https://2023.expatmoneysummit.com/?sc=jthDN9aw&ac=Un4mlAMA

https://image.nostr.build/1680b57a8059fc91ba9d49276cbfb75557b587345946d321b46490b2fa9152b2.png


🧐

#bitcoin
#plebchain
#grownostr

https://www.zerohedge.com/crypto/1-warning-sign-capital-controls-are-coming-soon-and-4-ways-beat-them?utm_source=&utm_medium=email&utm_campaign=1836


Asked twitter to post their npubs, 700 people responded 🤙

https://twitter.com/ODELL/status/1625015501700177920


Have questions about #nostr ? 🤔

Check out this up to date guide (updated just a while ago) 📖👇

https://uselessshit.co/resources/nostr/

You’ll learn how to:
- set up your profile 😎
- manage your keys 🔑
- upload images 🌄
- drop an invoice ✅
- allow others to send you sats at anytime⚡
- get a check mark ✔


https://uploads-ssl.webflow.com/63c880de767a98b3372e30e7/63dbbadaace49ce8579853f3_Muse%20Palace-p-1600.png

HELLO! WELCOME TO #NOSTR
Here is my daily update #Nostr and Bitcoin visualization data sources' list. Maybe you know already many of them, but you will likely find somethng new I added TODAY.. at least a new amazing cover image (from Nostrland).
I added some new section (for Devs and Nostriches art).
Thank you if you consider giving a like, repostig it or give me a follow; also please do comment below with new info or sources if you have, I will put them in in the next update.
Pura vida to all nostriches and #Plebchain! 🤙🫂🍀

Clients

- Amethyst
- Astral
- Damus
- Hamstr
- Iris
- Nostrgram
- Snort

Others sources list:
Dergigi #[0] list. Already translated into Chinese, French, Italian and Spanish!
https://nostr-resources.com/
https://usenostr.org/
https://uselessshit.co/resources/nostr
https://wiki.wellorder.net/post/nostr-intro/

GET #NIP-05 VERIFIED:

https://nostrplebs.com/
https://www.Nostr-Check.com/   (free)
https://nostr.industries/                 (free)
- HOW to create a POW #Nostr key pair by mads@NostrVerified.com
https://telegra.ph/How-to-create-a-POW-nostr-key-pair-01-04
- Who want to setup their NIP-05 Identifier without having to buy domains and setup websites and for free using GitHub, see:
https://github.com/BenGWeeks/BenGWeeks.github.io

Now that you have your own NIP05 handle, make it a Lightning Address to! Here is how:
- Pay with lightning
https://nvk.org/alby-?
- Guide to create Lightning Address redirection on your domain:
https://orangepill.dev/lightning-guides/guide-to-create-lnaddress-redirection-on-your-domain/

- SeedSigner + Nostr screen-by-screen walkthrough gists made by Keith Mukai #[1]:
- Generate a new airgapped Nostr key via SeedSigner
https://gist.github.com/kdmukai/ae9911ed6fb92f8e7d2c553555b0cb86
- Airgapped Nostr event signing via SeedSigner
https://gist.github.com/kdmukai/72ff71e6b6278cdda37e5f1ba6c7c08a
- Airgapped NIP-26 Nostr key delegation via SeedSigner
https://gist.github.com/kdmukai/089ff308506058973974479ae4b64b42

FOLLOWS/FOLLOWERS

- Find your Twitter #FOLLOWS on #Nostr and connect your PUBkey with Twitter:
https://nostr.directory/
-This tool made by Bitcoin Jungle #[2] lets you create lists of profiles and give them a name. Your followers can then come to the tool and see the lists you’ve created. They can then add all the profiles from that list to their list!
https://nostr-follow-bundler.netlify.app/

RELAYS

Search for #RELAYS near to you:
https://nostr.watch/
Ezofox #[3] free relay uptime monitoring page:
https://uptime.orangepill.dev/

Safer Nostr paid relays, choose yours! (good for filtering out spam on replies and global feed, andd find humble bitcoiner):

https://nostr.milou.lol  (1.000 sats)      [I use it  ?]
https://eden.nostr.land  (5.000 sats)      [I use it  ?]
https://puravida.nostr.land (10.000 sats)  [I use it  ?]
https://relay.orangepill.dev (4.500 sats)  [I use it  ?]
https://nostr.wine (8.888 sats)            [I use it  ?]
https://nostr-pub.semisol.dev (15.000 sats)
https://nostr.inosta.cc (5.000 sats)
https://relay.nostr.com.au  (6.969 sats)
wss://relay.nostrati.com  (2.000 sats)
wss://nostr.plebchain.org  (6.969 sats)

Looking for other paid relays?
- List created and updated by StackSats.IO #[4] :
relay.exchange

Run YOUR own RELAY:

- Set up a Nostr Relay server in under 5 minutes:
https://andreneves.xyz/p/set-up-a-nostr-relay-server-in-under
- Cameri #[5] guide:
1. Sign up on GitHub.
2. Sign up on Railway.
3. Go to https://github.com/Cameri/nostream
4. Click on the purple Deploy on Railway button and follow the prompts

NOSTR STATISTICS

- Nostr network stats:
https://nostr.io/stats
- Live Statistics from Nostr Relays
https://www.nostr.directory/stats

SEARCH IN NOSTR

- Nostrum Search home page:
https://nostrum.pro/search/
- Top Users on #Nostr you should follow:
https://nostrum.pro/search/#users
- If you want to search through #nostr notes by keyword:
https://nostr.band
- Want to follow a hashtag or a keyword? Create your bot and follow it:
https://sb.nostr.band

ADD CONTENTS ON NOTES

- If you want to upload free #IMAGE on a note (copy/paste image address link):
https://nostr.build
- If you want to upload #GIF on a note (copy/paste image address link):
https://tenor.com/
https://giphy.com/

NOSTRICHES AND BITCOINERS ART

- Check Yegor Petrov #[6] and Walker #[7] profiles and notes
- Cool page for Nostr art by Karnage #[8] :
https://www.nostrland.com/

Do you need more Nostr in your life? If the answer to that is YES!

- Nostr daily news updates. By plebs, for plebs. A synopsis of the best content of the day:
Give a follow to NostReport #[9]
- Check out the Nostrovia podcast:
https://nostrovia.org/
By plebs, for plebs. A synopsis of the best content of the day:
@NostReport #[9]

Here is a BTCsession #[10] video about #Nostr:
https://www.youtube.com/watch?v=qn-Zp491t4Y

Fiatjaf's #[11] tools for developing Nostr clients:
https://github.com/fiatjaf/nostr-tools[#readme](/hashtag/readme)

DEV SECTION

- Are you a #dev? Take a look here for the latest Nostr Bounties!:
https://bountsr.org/
- GitHub repo with lots of #Nostr projects
https://github.com/aljazceru/awesome-nostr
- All project with the “nostr” topic:
https://github.com/topics/nostr

TAKE BOTH PILLS..   🟣🟠

https://proxy.irismessengers.wtf/insecure/plain/https://uploads-ssl.webflow.com/63c880de767a98b3372e30e7/63cbd11c0760e781e92bbd03_Take%20Both%20Pills-p-1600.png

Here are many beautiful and soothing visualisations also for your journey into the #Bitcoin rabbit hole:

* https://bitfeed.live/
Transactions fall tetris-like calmly in their spot. You see the mempool fill up and once the block is mined something magical happens and all the transaction transform into this colourful block. My favourite!
* https://mempool.space/
Cant go wrong with Mempool.space. The blocks are nicely lined-up and move when the new one is mined. Pretty colours and some nice stats! Made with a lot of love and it shows!
* https://timechaincalendar.com/
Cool one-pager with all the timechain info you need. You can even go back in time to see what block was mined at a specific date and time!
* http://bitcoinrain.io/
New transactions fall like raindrops, simple and elegant!
* http://bitcoin.interaqt.nl/
Bubbles, whats not to love? Each dot is a transaction and they get added smooth and playful!
* https://lnvisualizer.com/
All the lightning channels to see! Zoom in, zoom out, have it static, it's nice.
* https://bitnodes.io/nodes/network-map/
Galaxy like view of Bitcoin nodes, this one is beautiful!
* https://blocks.wizb.it
A spinning globe centring a transaction! A bit to fast, bit noisy. Fun to watch anyway! Good distraction for a few minutes!
* https://txstreet.com/v/btc
The mempool, but then as a crowded bus station. Cartoonish and fun to watch!
* https://utxo.live/

Thanks if you had read all to here, hope I did not spam your feed and You found something you needed. Cheers! #Plebchain

Thanks if you consider to ⚡ zap some sats  🫂🍀 ⚡ wrigglypie41@walletofsatoshi.com  ⚡