What do you think was the biggest thing you lacked regarding knowledge of money as a child? Or should have been taught to you? š§
Anyone read the grand chessboard?
Some bitcoiners donāt care and just want to stack sats and keep their head down.
Butā¦
If you are interested in the economy and where itās goingā¦The TRIFECTA is what you need to watch out for:
ā¢ 10 year treasury
ā¢ DXY - dollar relative strength
ā¢ Oil price
This will tell you where the economy is headed.
Everything is derived from these 3 factors.
All else is 2nd and 3rd order effects.
Exposing the Blackstone saga with this video (and two in description) from last couple months and what this ponzi means for youā¦
Once you see bitcoin, you canāt unsee bitcoin.
Once you see the wizard behind the fiat curtain, you canāt unsee it.
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āMoney makes.
Currency takes.ā
- mike maloney
It shall be done.
If you are using ONLY fiat currency can you really call yourself free??? š§
I did it over a thousand times as a realtor before I left to come in to bitcoin. Not nearly as bad as you think and many ways to get out if you need to.
Itās a big purchase and you donāt do it often so it gets people anxious, rightfully so.
But donāt worry, you are buying a piece of land and a box of commodities. Always worth something so you canāt get it too wrong. ššŖš» Let me know if you have any questions or need to bounce something off..šš»
Was trying to figure this out tooš¤·š¼āāļøš§
Rights come from above. Not government.
Money comes from value creation and transacting between two people. Not from government.
Once enough people see this charade, itās all over for the politicians.
Their fiat currencies are burning to the ground (or already did) and they are starting to adopt bitcoin. š
If you are using fiat, you are a serf of the state.
They own you and control you through the theft of your time and energy.
Bitcoin is the initial step to rid yourself of those shackles.
Dave Ramsey Advice Not Valid Until This Happens...š¤Æ
Kiyosaki was rightā¦
ā¢
Dave Ramsey advice prudent for an old world that doesnāt exist.
Mike Maloney says āCurrency takes. Money makes.ā
True money MUST be a store of value.
If something is not a store of value then it can only be considered a currency.
Why is this important to you?
Because most people are saving liabilities they think are assets.
Dollars are debt instruments.
They are IOUs to the Federal Reserve like we showed a week or so ago.
The top of each bill says āFederal Reserve Note,ā meaning that it is owed back with interest at some point.
ā¢
Dave, why would I save something that has no inherent value?
This is why the average person cannot get ahead.
This is why most people canāt afford a simple emergency payment or expense that comes their way.
They have been trying to save debt instruments they were told were assets.
The wealthy have known that in an inflationary world that you must get rid of the currency and trade them for assets (things of real value.)
In essence, if people were taught the monetary system we wouldnāt be in this predicament in the first place. But since we are, real education of the system needs to take place.
We MUST stop putting band-aids on bullet holes.
ā¢
Silver and gold removed from the coins and gold removed from the dollar.
There is a reason government did this.
Ask yourself WHY the government would do that?
Robert Kiyosaki teaches that savers are losers.
This is because most still save paper dollars that have no value behind them.
ā¢
They are no longer a store of value.
Robert also said that because people donāt think outside the box and few continue to educate themselves.
Dollars are fiat currency and all fiat currencies have gone to zero in human history.
Be careful what tool you are saving with.
ā¢
Dave Ramsey will be right as soon as bitcoin is full circle.
Kiyosaki will be out of style once we have real money.
Once you have money as a store of value and increases in purchasing power over time like bitcoin then it will be easy for average person to save your money rather than go in to needless debt.
Daveās teachings will amplify the good habits people have already built.
His teachings make little sense in a fiat world since he started, but he will have persisted and will end up seeing his teachings become true.
The irony in all of it is that he constantly is ripping on bitcoin (and gold/silver) and saying that itās just garbage and people trying to gamble and chase money.
Bitcoin exposes people and shows their true colors.
Bitcoin shows people for the work they either put in or did not put in.
Dave is not wrong for teaching his principles.
Dave simply doesnāt understand what money is: a store of wealth for your economic time and energy.
He may be good at making money or teaching good habits, but he is unsure how the monetary system works.
Like a doctor or lawyer may be good at their jobs and terrible with money or understanding the system.
Same problems but those problems donāt claim to know how the system works and how to help people financially.
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Dave is trying to reset peopleās habits and how they function at a beginner level.
Fortunately in a hyper-bitcoinoization world that is all people will need.
They wont need need the ability to start businesses and invest in real estate if they donāt want to do that.
They donāt need to go out on the risk curve and become a day trader on the weekends just to get by.
They will be able to work at McDonaldās or be a doctor and if they save more bitcoin than they spend each month they will all end up wealthy.
This only works if you have money you are storing and not currency.
Mind you, Daveās theories also seemingly played out because of a 40 year bull run in bonds that kept rates lower on average each year and financed any of the blinders one made in their portfolio.
This is why he thinks āgood index fundā will help you win.
If you look at the realities, people who have done this have just maintained and those who havenāt have been destroyed.
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Kiyosaki is great for lifelong learning and getting the best version of yourself and constantly improving yourself.
Dave focuses too much on telling others what to do, in my opinion.
I feel that people should invest in their education and becoming financially literate.
Bitcoin (sound money) will let all flourish.
Stay strong,
Brandon
Money makes.
Currency takes.
- Mike Maloney
Hahaha. Beautiful arena and set up they have. MSU just redid theirs like it.
Default has happened in America multiple times just in past century. soft defaults. Will happen again on larger scale. Bitcoin will be ushered in.
ā¢1913 - Start of Federal Reserve
ā¢1933 - FDR revalued the dollar compared to gold from $20 to $35/oz. Executive order 6102.
ā¢1944 - Bretton Woods agreement tying the world to the dollar backed partially by gold.
ā¢1964 - US took the silver out of the coins.
ā¢1971 - Nixon took the gold out of our currency, rendering it just a piece of paper.
ā¢ 2008 - GFC where the āendgameā of bailouts started.
ā¢2022 - US froze ~$600 Billion of Russian assets.
When there is an abundance of currency, there is a scarcity of goods and services.
When there is scarcity of money, there is an abundance of goods and services.
- Jeff Booth