https://void.cat/d/BEDuUrmNvNg2DTCX4jCdvW.webp

You don't need to be super intelligent to understand that cause of every single recession is Federal Reserve Bank itself since they made sure every sing time that REAL FREE MARKET (aka Austrian Economics) doesn't exist.

We have been lied about free market since the creation of Federal Reserve Bank and below excerpt from "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explains this really well. $BTC #Bitcoin

I have some friends who are really sick and tired with high debt and modern day fiat slavery. I have been trying to orangepill them and seems like they are starting to realize that fiat money is fake and it's programmed to debase but they are not getting good grasp on #Bitcoin but at the same time they also started realizing that #Bitcoin is real thing and they started to believe that they may not be able to buy in significant amount before next bull run.

If you were me, how would you guide them in this scenario? I just don't want to tell them to invest in bitcoin without understanding it properly but if there is any better option than this, I would love to hear that.

#Bitcoin

I just added link of the podcast.

Here is the link of this podcast: -

https://www.youtube.com/watch?v=aO9rcX4Nf5Y

"The reason Microsoft is such a blight and cancer on humanity is because of intellectual property laws granting them all of these monopolies. If this cancer was not allowed to grow we'd have an amazing ecosystem of open source operating systems all over the world. Bill Gates would not be out there worth hundreds of billions of dollars experimenting with making profits and killing people with untried therapies and just basically being unleashed in the world with all of his crazy ideas. we'd have very different world if we didn't have this" - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

"If you really want to find these examples of common carriers or whatever it is abusing their position you will always find STATE PRIVILEDGE AT THE SOURCE. They get away with it because of STATE PRIVILEDGE" - nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

I would strongly recommend everyone listening to Saifedean recent podcast with Saylor (Conceived in Liberty Part 2).

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak and nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m disagreed on couple of things in this podcast and I know lot of people took side of Saylor but I willl take Saifedean side since I liked some of the Saifedean's arguments more than Saylor's.

Long story short, this podcast would be perfect example of how two people should talk through disagreement. This is what I love about #Bitcoin community where two people with completely different opinion can talk with each other and come to the conclusion. #Bitcoin

https://void.cat/d/HUx2vpx57UN66g6CVh5VSL.webp

https://void.cat/d/Jg1VJErWmyBXuA8sNJ5CFM.webp

Schools will continue teaching gender ideology instead of how fiat standard is robbing our time and energy. If your government really cares about you then they will add this book in your curriculum. "The Fiat Standard" is the absolute master piece by

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin

This wouldn't have happened under a fixed monetary system. The government continues printing money (out of thin air) for something that none of the Canadians voted for. Opt out of this with Bitcoin

"Consumer Price Index (CPI) is a heavily manipulated metric. Governments are politically motivated to show that prices are not increasing very much. After all, if prices are perceived to be increasing quickly, savings would be diminished, and the public would get upset. Several tactics have been used to manipulate CPI to show favorable outcomes.

For example, the Hedonic Quality Adjustment is a method by which the CPI gets adjusted downward. If jeans increase in price by 20%, the Hedonic Quality Adjustment can say that the quality of the jeans increased by 18% and only count that as a 2% increase.[6] This is why the CPI magically comes in at 1-3% year after year, even when prices are increasing much more in reality.

The value from technological progress should result in deflation. The fact that we have inflation means that this value is being redirected to the money creators and their borrowers. As a result, although governments report a 2% increase per year in prices, the reality is much worse. Theft is occurring right in front of our faces, and unfortunately, the community has accepted this as a normal part of life. Instead of everyone benefiting from a natural deflation of prices, we allow the few to capture all the gains." - From "Thank God for Bitcoin" by Jimmy Song & Robert Breedlove #Bitcoin #BTC

Opt out with #Bitcoin

#Bitcoin is the only way out of this trap

#BTC

"With deflation, holders of currency are the winners, since their dollars can buy more goods and services in the future than they could today." - From the "The Price of Tomorrow" by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe [Embrace the deflation] #Bitcoin #BTC

I still don't get how Canadians are putting up with this clown...!!! Price control or government intervention doesn't work only price discovery works...!!! #Bitcoin #BTC

https://twitter.com/TPostMillennial/status/1702426920602714289

"M0 usually gives the total number of fiat tokens that have been printed into physical paper notes and metal coins that are in circulation. M1 is a measure of M0 and bank checking accounts, allowing for the calculation of all forms of money available to their owner on demand. M2 adds to M1 all savings deposits and certificates of deposits. This is money held by individuals but has not reached maturity, meaning it is not liquid enough for individuals to spend in its current form but can be liquidated quickly. M3 adds to M2 money market mutual funds and other large forms of liquid assets." - "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin #BTC

Since people don't like reading books, I am planning to post some good excerpts from following books. Let me know if this would be good idea or not.

1>"The Price of Tomorrow" by

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe

2>"The Bitcoin Standard" by

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

3>"The Fiat Standard" by

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

4> "Principles of Economics" by

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

5> "The Bullish Case for Bitcoin"

6> "Thank God for Bitcoin" by

nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42

7>"Bitcoin and the American Dream" by

nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42

#Bitcoin #BTC

"Economist Stephen Roach, who was starting his career at the Fed in the 1970s, has said then-chairman Arthur Burns fought inflation by removing from the CPI’s basket of goods items whose prices were rising While always conveniently finding a nonmonetary story to explain the price increase. By the time he was done with it, he had eliminated about 65% of the goods in the CPI, including food and oil and energy-related products." From "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak #Bitcoin #BTC

"Fiat money enthusiasts maintain a strange obsession with a metric produced by national governments named the Consumer Price Index (CPI). Government-employed statisticians construct a representative basket of goods and measure the change in the prices of these goods every year as a measure of price increases. There are countless problems with the criteria for inclusion in the basket, for the way that the prices are adjusted to account for technological improvements, and with the entire concept of a representative basket of goods."

"Like many metrics used in the pseudoscience that is macroeconomics, the CPI has no definable unit with which it can be measured. This makes measuring it a matter of subjective judgment, not numerical precision. Only by reference to a constant unit whose definition and magnitude are precisely known and independently verified can anything be measured. Without defining a unit, there is no basis for expressing a quantity numerically, or comparing its magnitude to others. Imagine trying to measure anything without a unit. How would you compare the size of two houses if you could not have a constant frame of reference to measure them against? Time has seconds, weight has grams and pounds, and length has meters and inches, all very precisely and uncontroversially defined." From the "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

"As the monetary medium grows at the lowest rate of any market asset or commodity, its market price will likely rise relative to most goods over the long term. And as market participants engage in producing more goods, the quantities of all goods available are likely to grow faster than that of the monetary medium." - From "The Fiat Standard" by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak

nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z

People don't understand the importance of illiquid supply yet. Blackrock and Vanguard own everything but not sure how they can own this illiquid supply because most of this supply is held by hardcore #Bitcoiners who never sells their #bitcoin unless emergency comes in their lives. #Bitcoin

"The concentration of wealth has not been this high since the late 1920s. The world naturally becomes more unsafe when large amounts of people with increasing anxiety about their own economic future see incredible wealth creation in the hands of very few people. That environment provides fertile ground for revolutions. The loss in faith of systems meant to be reliable predictably leads to blame and division—all of which can be opportunistically redirected to target groups such as immigrants, religious groups, political parties, other countries, and so on. In other words, populism explodes because of an unjust system. It’s hard not to look back to a similar loss of hope and rise in populism and ideologues around the world in the early 1930s, which escalated into World War II."

The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe