Avatar
Nour
02a11d1545114ab63c29958093c91b9f88618e56fee037b9d2fabcff32f62ea9
N in Bᴺ 𝕊pace

I always recommend newbies to DCA in exchanges and only withdraw to self custody when the amount exceeds a relative good sum, say 1m sats

Replying to Avatar Ghost of Truth

Petrodollar: the playbook reveals itself

Over the past few months, we have seen how the BRICS countries are gaining ground. An energetic bloc is forming, which will soon play out its geopolitical power via the currency markets, break away from the swift system and declare war on the Petrodollar. We see in the accumulation of gold how the central banks involved are trying to build up a capital base beyond fiat money and thus establish mutual trust in their own currencies.

The biggest act, however, will be Saudi Arabia's unpegging from the Petrodollar. As in the case of Russia a few years ago, Saudi Arabia is now being provided with dollar swap lines by China. These are loans that are later to be repaid in yuan to cushion the potential shock of an embargo and at the same time help the Chinese currency to spread further and thus become more important internationally. We are already seeing pressure on the oil market hitting Saudi Arabia with a budget deficit. In the last week we have seen several meetings between Russia, Saudi Arabia and Iran, all aimed at installing this new commodity trading space.

The countries involved will soon have integrated a financial system that can absorb external shocks and they will exit the general dependence on the dollar. The rude awakening will come when it becomes clear that the OPEC countries' production cuts will have consequences in the medium term. Do not count on cheap energy for too long a time!

#Geopolitics #Oil #OPEC #Petrodollar #USD #Russia #Yuan #BRICS

Sure they have many reasons for shifting to using their own financial system, but doesn't that play against them as well?

Simply by losing too many wealthy (on paper) buyers and almost declaring a financial war that could bring them unwanted sanctions and so on.

I'm ready the principles of economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and the Austrians explained well how trading is a positive sum action unlike hostility.

Should there not be #Bitcoin, storing #ordinals sounds like asking a highly reputed bank to keep my groceries in their safes for a hefty fee.

I'm willing to pay millions of money units to store a few cucumbers in certain bank safes–those with unique serial numbers; what's wrong with that?

I guess they will eventually gain some value and I could sell one or two to the next collector of banked cucumbers.

nostr:note10uh9hxk7jkcmmlxvhh4pp5dsnjtvr6ca9l0ls836w3seg7g2njpsdjr398

I just did. Hmmm nothing beats signing in using nostr experience. Wouldn't have had to fill many fields and set yet another password.

Before last episode with that journalism, Bitcoin was mentioned as freedom tool. I got excited! Now I see this one is literally about Bitcoin 😍

I watch every other episode on YT. He and his guests have informed me so much I can't thank them enough.

I like us not accepting simple answers and I agree it is most likely a trap in a way or the other. The scenarios are infinite just how they have been for the very early adopters, yet here we are. I'm both skeptic and optimistic :D

Replying to Avatar The Daniel 🖖

Tonight, my wife nostr:npub17meshv2lg6rfyuwzgh349yslllq7aathd55xu0jgjns2ayz6rt2seplm8u said something profound that I had to share:

“For all the lack of trust you have in the government and corporations, you bitcoiners really have a lot of faith in each other.”

🫂💜🥹

We do believe in each other and it is amazing 🤩

Replying to Avatar M✨️

This is dangerously cool, thank you.

GM M 🔆

Can we fit that 🌌 🐺 in?

The rabbit hole is deep

I think I spend hours daily consuming Bitcoin materials, but I never felt like oh I just wasted an hour, totally useless info, meh too old, ...

On the contrary, it is always exciting and motivating to dig even more.

What is this things seriously 😳?

https://youtu.be/Jl-HZWfxUFw?si=aDvVnbVoudFA8sVo

PS, the video title and thumbnail should be changed to credit Naval and Balaji. They have seen today and possibly much beyond.