If the 🇪🇺 EU ever wants to be of real geo-political significance, it has to re-invent itself.
Re-invent itself with #Bitcoin...
If true, it’s a clear indication that regulators are not regulating to protect average investors (who would have lost everything it is died).
Looking at the saving rates of these different geo-political blocks a fascinating picture emerges.
🇨🇳 China & 🇷🇺 Russia seem most focused on the future.
🇺🇸 US & 🇯🇵 Japan the least.
This prudent governance made 🇬🇧 British securities attractive to foreign investors and became an important part of the Amsterdam stock market.
Thus laying the foundation of Anglo-Dutch commerical & financial relationships that last until today.
https://damus.io/note1aplknt6ct38x4yrrjfzvhraf04dd0ch0ltm8tj8exqtlzk9smzkqzklr5r
Or it would undergo a Renaissance because of all the economic energy Bitcoin would unleash…
Countries trying to forbid #Bitcoin are killing the goose with the golden egg of human ingenuity, creativity and sense of responsibility.
This has dire consequences for the future of these countries.
🇨🇳 China real estate is driven by ordinary people seeking a store of value.
This is A LOT of economic energy not going to the real economy.
Adopting #Bitcoin as a store of value will free up this energy for the real economy.
#Bitcoin #art:
Forever Free (1867) - Edmonia Lewis
Interesting comparison w/ the Byzantine Empire. I never realised it showed similar pattern, but could have guessed…
Rome showed very similar patterns of decline as the US:
- centralisation (from Republic to Empire)
- increasing cost of army and gov
- Debasement
- Total economic downward spiral & eventual collapse
The best way to handle debt in a fiat environment is to get as much of it as you can afford per month and load up on real/hard assets.
The real value of the debt keeps falling while your assets keep rising.
🇬🇧 Britain and 🇫🇷 France were fierce competitors in the 18th century.
🇬🇧 Britain often had the advantage.
The principal advantage was that its prudent governance allowed it to raise cheaper credit.
🇬🇧 Britain understood the value of the #Bitcoin standard!
Successfull Eurasian integration will depend on 2 factors:
1- A country-agnotic currency that can't be manipulated & thus trusted by all nations. #Bitcoin
2- The establishment of cheap land-based trade routes. Out-of-reach of the 🇺🇸 navy
🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 BRICS is working on a new currency.
It will be a derivative, based on trust.
BRICS nations don't trust each other. This new currency will eventually cause tensions.
If BRICS is serious about replacing the USD as reserve currency they have only one option: #Bitcoin
Nothing against 🇰🇪 Kenya or the Shilling.
But if 🇸🇦 Saudi-Arabia is even starting to accept 🇰🇪 Shilling.
How long can it really be before they accept #Bitcoin for their oil?
It makes sense to cut out USD from direct 🇧🇷 Brazil 🇨🇳 China trade.
But it doesn't shield them from the same fundamental risks:
- Currency manipulation
- Exporting real value in exchange for paper-assets
If 🇧🇷 and 🇨🇳 want real exchange of value trade should be in #Bitcoin.
Ming China persuaded the Jesuits (Christian missionaries) to lend their expertise to help them improve their cannons.
The Ming government immediately established a centralised monopoly & any incentive to further innovate went away.
Decentralisation breeds innovation. #Bitcoin
And that’s when immigration starts accelerating.
I am 100% pro-migration but not in combination w/ a social welfare state.
“In #Bitcoin, there is a share of everything”
- Anaxagoras
🇬🇧 Britain's rise had much to do with its low tax burden.
This increased people's propensity to save and allowed the accumulation of CAPITAL.
CAPITAL that went into the innovations that allowed 🇬🇧 Britain to rule the 🌊's.
