From this tweet: “The general manager of the Bank for International Settlements says The Central Bank wants to have ‘ABSOLUTE CONTROL’ over your money… when people say something, believe them” @TogetherDec London panel: ‘Digital IDs: A Threat to Freedom’ Watch the clip:
Let’s face it, if you’re here, you’re probably bullish on Bitcoin. And the safe bet is that bitcoin is going to go up, way up in the following years. Here’s a way to borrow against your bitcoin with 0% interest (You read that right.) Abra, is a service similar to Read more…
You should read the Fiat Standard by Saifedean Ammous. Here’s an excellent thread by Anil explaining a chapter from the book. The Fiat Standard by @saifedean lays out the extraordinary operations of the fiat system. This thread is a quote summary of Chapter 3: Fiat Technology. “At its essence, the Read more…
A tweet by Sam Callahan: I’ve been behind enemy lines, reading everything published by the Bank of International Settlements in 2021. Here are 10 pieces that I found the most alarming and most relevant to Bitcoin. “Know thy enemy and know yourself; in a hundred battles, you will never be Read more…
This is today’s Turkish Lira. 10% drop in a big country’s national currency. Like Greg Foss says: People forget that Turkey is a G-20 country. This could never happen to a G-7 right #Canada? The Argentine Peso lost 80% of its value in the last 3 years. The Turkish Lira Read more…
Thousands of years before 1920s Weimar Germany hyperinflation, there was the great currency debasement of the Roman Empire. 2/ At the turn of the 2nd Century AD, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people Read more…
What if the bank runs out of money? Some players think the Bank is bankrupt if it runs out of money. The Bank never goes bankrupt. To continue playing, use slips of paper to keep track of each player’s banking transactions – until the Bank has enough paper money to Read more…
In simple terms, today, 15 August 2021, is the 50th anniversary of the fiat standard. A standard that took us out of gold and into paper derivatives, government spending, money printing and massive inflation. Read it all here https://wtfhappenedin1971.com/ “By far the most startling part of the President’s new economic Read more…
The events happening right now in the world are unprecedented. There are banks trying to outmaneuver central banks. Yes, to the common citizen it seems like they’re on the same side, but they’re really not. Due to Keynesian money printing insanity, banks are actually trying to control the situation because Read more…
What happened was that the fiat currency got disconnected from gold. We got off the gold standard, and that was the beginning of the downfall. Greed, quantative easing, loans upon loans upon loans, bankrupt countries, war expansion to keep the dollar standard running while gobbling up resources and economies, the Read more…