Replying to Avatar Andy The Bitcoin Adviser

Watching the UK pension system hours from collapse in Oct ‘22 was eye opening.

Seeing the cascade of attacks from politicians on a $3tn super pot of money that they think is theirs, that they will shift the goalposts on to suit their lack of funding, and consistently refer to tax concessions as a cost to government rather than money not yet stolen.

Watching numerous accounts of US pension funds woefully underfunded and needing bailouts from the government.

Knowing that all my funds are under my control, I wouldn’t have it any other way!
Avatar
Miyamoto Musashi 2y ago

Yep, Both Frydenberg and Jim Chalmers want to use the A$3.4 trillion of superannuation funds to fund their policies.

UK pension funds is a different situation to Aus as the UK pension funds have to provide a specific return, hence why they used high levels of leverage (unbeknownst to everyone) using “safe” UK government bonds as collateral.

Glad you’re eyes are wide open and considered all options

Reply to this note

Please Login to reply.

Discussion

Avatar
Andy The Bitcoin Adviser 2y ago

Like I just saw in another note, if #bitcoin fails I’m fucked. But we all are, so I’ll take the asymmetric bet!

Avatar
Miyamoto Musashi 2y ago

Fucked if you do, fucked if you don’t. If they keep debasing your fiat savings to inflate away the debt and there wasn’t any off ramps then we’d be even more fucked. Great to hear your perspective and opinion 🙌

Avatar
Highsselhoff 2y ago

#bitcoin is the hill we die on. 🫡

Avatar
Neo ⚡️ 2y ago

I don't see it as a bet since there are no winners on the other side, especially with Bitcoin. This is our one chance to separate money from the state. If we fail, CBDCs will reign with unrestricted control, resulting in a dystopian nightmare. The monetary flow would be controlled by a few psychopaths, and it would be almost impossible to escape this fate.