99% of the population reading this (see picture below) feels just as much anger and dismay as the remaining 1%. The difference is that a large portion of the 99% are falling for socialist politicians whose agenda made this madness possible. The other 1% knows a thing or two about Richard Cantillon, the events of late summer 1971 and who is actually causing #inflation. Don’t believe me?

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“Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.” The Communist Manifesto, Karl Marx, 1848 ✊ 🇨🇳

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The Federal Reserve System, created in 1913, is in fact such a national bank, politically manipulating interest rates and possessing a monopoly on legal counterfeiting of currency in the United States. Isn’t this what Marx had in mind? Many Americans still believe that the US is far from being a socialist nation.

#StudyBitcoin 🧡

(picture via boldbitcoin) https://video.nostr.build/2fd57cfe11659fe27d26a038704d09e757219a73f0bc96238b4af9ac328416b8.mp4

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Discussion

Central banking and Modern Monetary Theory are Communism with extra steps.

It blows my mind that many so called pro free individuals want capitalism everywhere, except when it comes to money.

Agree. Pretty much like China. They got a billion people out of poverty over the last 30 years with some kind of a free market illusion. In reality Communist Sith Lord Palpatine is monitoring in the background..

That's because a server does something useful for society

Similar calculation I did recently:

When I studied dentistry from 2001-2007 one could get ca. 520 EUR (Bafög) from the state to finance your student life. (In some East German cities enough to cover living costs back then).

Measured in gold, back then, this equated to 2oz of gold.

As a full-time employed (dentist) with 17 years experience it would earn you a net-income of ca. 4000 EUR (after taxes & other fees).

In today's gold price (2150€/oz) it would pay you less in gold to work compared to Bafög when you studied. 👀