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"They've tricked you into thinking that choosing your own master is the same as being free!" Even for a good cause, no moral way to rob anyone. https://www.lysanderspooner.org/works Best quality of criminals is: "There's not a John Marshall among them!" #Commonwealth #Asia #Oceania #RestoreBritain #voluntarian ! Not affiliated with the LN address holder or any other entity listed! *I mute G* greeting broadcast spammers.

The original one - The Articles of Confederation - maybe was, but in the current one, that notion was just self-serving #propaganda and #fraud.

The Secession War showed that well.

#UncleScam #USConstitution

“…saneamiento del Banco Central” means restructuring the Central Bank.

I thought the promise was to eliminate it?

Politicians - liers worldwide, at all times.

#MArGAstr

Quite right! I’m also just maintaining a presence for my investment associates to monitor nostr development, until it becomes the Bitcoin of social media.

Please make sure there’s a way to control the video resolution, even in the browser.

I never use other YouTube p2p alternatives, because they assume that every video needs to be seen in HD or whatever resolution the creator used, and everyone has a perfect, unlimited data , fibre-bandwidth internet connection that the site operator has.

Most users have none of that, especially on mobile.

I don’t know as much about Saudi kingdom, because my associates, i and many others see Dubai as the place to base business, make investments, trade and store metal, et cetera.

It’s the next Singapore, because particularly the Emir of Dubai and his sons - among UAE emirs - are creating the most reasonable business environment in Asia, in our opinion.

It’s a monarchy, but a relatively enlightened and honourable one, compared to the CCP empire of China.

Not every visitor to the Emirates visits every place there, but almost every visitor passes through the Dubai airports. And it’s a rather impressive gateway and face of the Emirates.

Nothing significant happens in such a business in an absolute monarchy on local discretion, especially regarding money.

If CNY and China trade connection portended some special new PBoC product credibility, CNY would be a payment option there, as paper USD is. I can use Chinese UnionPay there, but that’s completely fake, digital nonsense, like all digital fiat.

On opposite end of Asia, more companies are moving from China just over the border to neighbouring Vietnam, and other SEA territories.

If you come to Vietnam as a foreigner who needs a visa in advance, when they issue it at the airport, the only fiat accepted as payment is USD!

The owners of that totalitarian, socialist territory, don’t even accept their own currency for that, much less of the neighbouring China!

Clearly, Western sanctions and even stealing Russian assets have been completely ineffective in reaching their goals. That has been obvious everywhere except Warshington and Brussels , since sanctions on Cuba and Iran began.

Therefore, any new statements about being open to hedging through other fiat seems just the latest BRICS currency hot air tiger and posturing.

Most governments and major institutions have been willing to hold long duration bonds with negative real yields since years ago.

So, predictions of substantial global sovereign bond demise in favour of gold, much less Bitcoin, also seems overly optimistic.

Regarding Bitcoin, PBoC practically admitted that their fiat is still uncompetitive, untrustworthy , digital, domestic rubbish, unfit for global trade, when they effectively banned Bitcoin years ago.

If gold holdings mattered in their fiat credibility and trade use, there was no reason to do that.

Even the Americans, who stand to lose the most power and credibility from Bitcoin, and likely have insufficient gold since 1971, have yet to ban Bitcoin!

https://v.nostr.build/QyY7.mp4

Hey, any tips or guides for growing on Nostr? It's hard, and not seen any guidance anywhere. Its tricky when you don't know how many followers you have, but you can judge by piss poor video interaction that nobody's watching them 🤷‍♂️

It’s to early to expect much engagement or monetisation on nostr, especially regarding something so niche.

Power boaters are a relatively small percentage of all social media users, and nostr users are yet an insignificant percentage of that, same language users are yet another smaller part of that.

For most in the world, it’s an unjustifyably expensive, luxury passtime - “A hole in the water into which one throws money” - as you’ve probably heard described rather accurately.

Overwhelming majority of people worldwide, don’t own or use even a row boat or small sailboat.

Nostr is where Twitter was 15 years ago, or Bitcoin was a decade ago, and most have never even used that network, even though everyone uses money.

Years of patience shall pass before nostr can generate significant cash flow for most business.

Replying to Avatar Buck Fonds

I don't hold any CNY, but I also don't import stuff directly from China.

Telling people to keep their reserves in CNY while preventing them from investing in China or taking their currency abroad is indeed difficult.

If you have too much CNY because you're one of the few countries that runs a trade surpluss with China (e.g. Saudi), you can show up in Shanghai, Hong Kong or London with offshore CNY and demand physical gold settlement which largely solves this problem.

The gold is then sourced from 2 places most of the time (The US or the UK) because mainland China gold cannot leave China.

The US can then deliver the gold and:

1. Not let the price of gold rise by allowing paper gold market leverage to rise in London and NYC (Deliver the gold but sell more paper gold to keep gold's price from rising). This prevents gold purchases from devaluing the USD in gold terms.

2. Deliver the gold and let gold's price rise as a result of the purchases. This devalues the USD via a rising gold price.

If the US/UK refuse to deliver the gold or run out, then China and Russia can reset the gold price to a higher level and devlue the USD.

It seems to me like when gold rises in USD terms, it makes it more and more obvious that the currency is being debased and the US' creditors won't get repaid in real terms.

As greenspan said: "Gold is the canary in the coal mine. It signals problems with respect to currency markets."

The US exports mostly dollars, bonds and weapons, whereas China exports a lot more stuff.

Gold is recognized as a store of value (money), whereas USD and CNY are currencies (medium of exchange but not store of value).

The big gold inventory thus lends a lot of credibility to their currency.

However, it is indeed true that they don't audit their gold holdings and the reports and underestimates.

This all sounds reasonable, but argues in favour of #gold, not #CNY credibility.

Neither is there evidence that Americans , UK, or Chinese still care about their curency value in real gold terms:

http://pricedingold.com/china/

http://pricedingold.com/pound-sterling/

http://pricedingold.com/us-dollar/

The Americans clearly don’t care!

Speaking of oil exporters and Asia gold exchanges, probably the most honest physical gold delivery contract in the world - #Dubai Shariah Gold - is still denominated and settled in USD - not even local AED, which is also still pegged to USD!

https://www.dgcx.ae/products/shariah-gold

Just a week ago, at Dubai airport, i could pay with #AED or #USD. Even though they could take the CNY to #Shanghai and get physical gold, CNY notes not an option. Same everywhere else i go in the world.

The most revealing observation to me is that anyone I encounter making the case for growing credibility of BRICS currencies through gold, upon inquiry, turns out not to be holding ANY of those currencies, much less government bonds from which those fiat originate!

That’s after BRICS currency has been threatened at least 14 years now, including gold backing.

If i believed the argument, i would be frontrunning markets through long duration BRICS bonds! Yet, they don’t risk leading by example.

Suggests that they are just repeating popular YouTube/podcast click-bait narratives, which they don’t actually believe enough to have skin in the game.

I live in Asia. From Dubai to Philippines, there’s not a hint of dedollarisation here, and rather a USD shortage, though not as critical as in Africa. I see more JPY exchanged , than CNY.

No one i know is even talking about going to Shanghai to buy, much less store gold, given how credible , transparent and trustworthy the Chinese leadership, CNY, capital control and gold export ban system are.

That’s what #Singapore is for now, even for mainland Chinese.

Wanting and being abe to do it are obviously different.

To make it more credible, Chinese have to make Renminbi freely convertible, remove capital controls, and create a credible sovereign debt market equal to US Treasuries.

None of that is imminent. How much CNY and Chinese government bonds are you holding, compared to USD?

Gold holdings have no direct connection to curency value or credibility, as you explained; it’s indirect, at best.

Neither is it clear how much CNY they exchange for gold, because they don’t audit their gold holdings and publicise that either.

When shtf so that even wireless internet is down, all current money -including #gold - shall be secondary to #barter or irrelevant.

Primary units of exchange shall be clean water, food, ammunition, weapons, fuel, et cetera.

There were some projects to run bitcoin over #radio, but not sure the status currently.

This shall be the way the #WARshington #gangsterment can steal all of the #ETF #Bitcoin 1933 style!

Of course, only “to protect the investors from international speculators” and “national security”.

#DejavuAllOverAgain #UncleScam #DistrictOfCriminals nostr:note1pmzmvjnv66qer7kyj2wzghfj98durmntrwyc4a75d6ntplsjl00su0m3wv

There! Big improvement!

It’s difficult to see the outfit well in that pose, but you see how much better sharp, vivid colour looks on you milky skin?

#kimikostr

I think sharp, vivid colours would look better on your skin than these pastels.

#kimikostr