The most pernicious aspect of this system, and what makes it possible to define as a form of slavery, is that no one opts in to treasury auctions. Americans aren't asked whether or not they're okay with the Treasury issuing more debt in their names.
https://tftc.io/martys-bent/issue-1322-debt-slavery-via-treasuries/
Marty, you said before you were using generative AI for thumbnails. Are you using Runway for this with your own model trained or are you using Midjourney? Midjourney seems very inconvenient because of it being in Discord.
This all seems unsustainable and yet it has endured for so long. May be it will continue for longer than we predict. Nevertheless, the right thing to do is to opt-out:
“The most effective way to get away from the system of debt slavery is Bitcoin. A currency that cannot be debased that exists on a peer-to-peer network with push-only payments.”
I have a young son and another child on the way... This shit hits home.
Thanks, Odell, for iterating it so well.
"The debt the Treasury keeps accruing is money future generations owe its lenders. Unborn individuals who have no ability to opt-out of the madness will be forced to contribute to paying off the unpayable debt. They are thrown right into it without ever having a say in the matter. Forced to pay taxes and deal with the reprecussions of currency debasement. If they don't pay their taxes they'll get sent to a cage and if they don't find a way to grow their income faster than the pace of inflation they will find themselves stuck on the lower rungs of the economic ladder. A slave to the whims of the tax man and his money printer. Forced to pay whatever the tax man says he needs and beholden to the whims of the money printer and its affect on the purchasing power of their savings"
Concise and to the point. We need more writing like this.
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Slavery in higher derivation
Excellent article. Even those of us that are aware of the slavery still need reminders to take the next step in opting out.
Love this Bent. Owing it to ourselves is the most communist way of thinking, and utterly untrue.
Great piece, love the conclusion #Bitcoin🧡
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"The debt the Treasury keeps accruing is money future generations owe its lenders. Unborn individuals who have no ability to opt-out of the madness will be forced to contribute to paying off the unpayable debt. They are thrown right into it without ever having a say in the matter. Forced to pay taxes and deal with the reprecussions of currency debasement. If they don't pay their taxes they'll get sent to a cage and if they don't find a way to grow their income faster than the pace of inflation they will find themselves stuck on the lower rungs of the economic ladder. A slave to the whims of the tax man and his money printer. Forced to pay whatever the tax man says he needs and beholden to the whims of the money printer and its affect on the purchasing power of their savings."
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All tax is theft of one’s labor, aka slavery. The only way to avoid paying is to be dirt poor and suck from the gov’t teat
Fire Bent. Nice work, sir.
