LINO!
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This is not a fucking drill. Get your corn of all exchanges. Ffs! 🤦🏽♂️
Music: Marie Samuelsen especially her Vivaldi ‘Summer’ bit from four seasons.
Bank Crisis is just getting started…
722 banks reported unrealised losses exceeding 50% of their capital.
Impact of Rising Rates on Certain Banks and Supervisory Approach
S&R Quarterly Presentation February 14, 2023
Paying with Bitcoin in my hometown.
Gotta love it🧡
Montana signed the ‘Right to Mine’ into law and has also passed a law prohibiting any tax on Bitcoin when used as a payment.
It provides both home and industrial miners the right to mine digital assets without any government interference and protection from “discriminatory rates” from the power providers.
After Arkansas, Montana is the second U.S. state to sign the ‘Right to Mine’ into law.
Bitcoin🧡
The Bitcoin network provides a global, freely available, censorship-resistant, debasement-protected, and human rights-preserving monetary network for the entire world.
Are you still short Bitcoin?
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Human inventiveness/technology—is likely to be a big disruptor in the upcoming years/ decade.
The future is already here:
Bitcoin 🧡
So what are the implications?
It means there are no more dollars (effectively liquid CB reserves have been negative for a while now, which means they have been grabbing customer USD deposits from local banks).
What are the implications for the general population?
It will accelerate inflation, remember 🇦🇷 is already facing 100% inflation, and if people have USD deposits those are in danger.
Bitcoin is so obvious.🧡
Bye bye MoneyGram
Bye bye WesternUnion
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Aristotle, Thomas Aquinas…
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Saint Thomas Aquinas rephrased the Aristotelian principle: “Nummus non parit nummos” (“money does not beget money” or “money does not reproduce itself”).
Bitcoin is for everyone 🧡
Bitcoin is about financial inclusion and economic empowerment.🧡
Poorly governed nations with failed currencies need Bitcoin even more than our financial privileged asses here in the West.
Can you spot the pattern?
Start using Bitcoin as your unit of account and watch what happens to your worldview on what the proper asset, currency, and investment to hold are.
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Like when they said the balance sheet would go down to $1 billion after 2008.🤡🌎
The balance sheet and Debt must grow exponentially just to keep the system alive.