I could benefit from getting orange pilled by you and experiencing your process, for learning purposes. What do you think? Thanks for sharing by the way!

Reply to this note

Please Login to reply.

Discussion

Sounds fun to me!

Part 1- the problem

Problem: goods and services are getting more expensive, even though humans become more productive and more efficient over time, as technology and knowledge improve - why? Why isn’t everything becoming forever less expensive like TVs? Why is a house less expensive when it is first built, than 20 years later?

Saving - to earn money, I risked my health, safety and time by providing value for someone else, instead of spending that time providing value for myself (hunting my own food, building my own house).

Once I have the money (which I have already taken risk in order to earn), I must then put it at risk again by investing it, or it will become less valuable over time. The risk I took originally will have been for nothing if I try to save the money over time. Instead of my risk being rewarded with future optionality and security (savings), I must gamble in the stock market or real estate - more risk and uncertainty. Why?

Because the debasement of fiat currency? Because of the fraudulent money printer?

Correct

Part 2:

The root of the problem

How banking works, in the era of central banking:

Let’s say you want to buy a house. You decide to get a mortgage loan from the bank. Where does the bank get the money for the mortgage? (At this point I let them share their perception of how they think it works.)

If you take out a mortgage for $500k, the bank gives you a Cheque for $500k and you immediately pay the person you are buying the house from. That person now deposits $500k into their bank account. Your bank never had the $500k. They created some numbers on a screen, updated their books showing a new $500k asset, and now charge you rent (interest) on money they never had to provide any value to earn. In fact, they “legally” counterfeited $500k into existence. They only want 5% interest, because why not? The more loans they make, the more money they make - for absolutely no productive value (the more loans they create, the more rent they receive, without ever having to buy anything.) Just like paying the other monopoly player “rent” on their property whilst they provided nothing for you in return, this is exactly how banking works.

This counterfeited money is what increases the money supply, stealing value from those that must work for it, and transferring it to those that are allowed to create money for nothing.

All fiat money exists because of this creation…debt becomes money. Everyone is enslaved, working indirectly for banks.

Ugh. No wonder I am having resistance to be in this system entirely.

Part 2.5 from slavery, to debt slavery

Excerpted from The Creature From Jekyll Island

“It is a form of modern serfdom in which the great mass of society works as indentured servants to a ruling class of financial nobility.”

Part 3: what is money?

How do people trade labor in a trusted society (family, tribe, Dunbar’s number). How can you trade outside of your tribe, with people you may never see again, or don’t trust? (Why reputation does not work with strangers, but money does) How did money originate? (A lot of protomoney and Bitcoin Standard stuff).

Why did gold outcompete and dominate as money - what specific properties?

(Scarcity, divisibility, portability, fungibility, durability, ease of verification (difficult to counterfeit)

Governments didn’t create money or give it value - gold (or silver) is what gave government money its value.

“Bitcoin isn’t backed by anything.”

Currency and “backing”.

Why was gold used to “back” currencies. (Something that is very easy and cheap to create, needs an anchor in the real world to keep the supply from growing, which destroys money)

What backs gold?

If alchemists had succeeded in transmuting lead into gold, would gold still work as money?

Part 3.5 monetary premium

The value of a monetary good solely for its use as money, and its properties and ability to be used as money. “Intrinsic value” is a nebulous farce that does not describe anything at all.

Scarcity, a function inflation rate, as a result of stock-to-flow (gold is more abundant than some other precious metals, but much more gold exists above ground relative to the amount of gold that can be mined per year, than any other precious metal…high stock-to-flow = low inflation, better money, even if it is less “rare”)

Gold acquired a high monetary premium - valued far above its physically useful, non-money uses