The greatest wisdom is self-knowledge. To know others demonstrates understanding, but to know thyself is true enlightenment.
"Actions on the part of the government aren’t going to be absurd jokes that will be easily ignored, or easily routed around anymore. Things are going to continue becoming more reasoned through in effectively achieving the outcome they want, and that is something that all of us need to start taking more seriously."
nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
https://bitcoinmagazine.com/legal/fincen-proposes-insane-special-measures
It will be very challenging for political parties throughout the developed world (and particularly the United States and Europe) to agree on how to handle this public debt problem in the 2020s and 2030s. Decades of having a flexible ledger combined with short-term incentives to use it have resulted in a very imbalanced situation that is likely to be rather inflationary for the broad money supply to varying degrees for the foreseeable future. Debt must be restructured or inflated away, but who will be left holding the bag?
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a
I joined Marty Bent to discuss the conflict in the Levant and how the bankers intend to use AI to control your life. https://www.youtube.com/watch?v=BlfZ91Pot-w
When Zaps?
Real Economic Growth Depends on Savings
When money is generated out of thin air it sets in motion an exchange of nothing for money, followed by money for something—that is, an exchange of nothing for something. This leads to consumption not supported by production, a diversion of saved consumer goods—the products of wealth-generating activities—toward those who hold money made from nothing. Diminishing the flow of saved consumer goods toward producers of wealth weakens the production of goods and in turn the demand for goods, setting in motion an economic recession.
What weakens the demand for goods is not the capricious behavior of consumers but an increase in the money supply out of thin air. As long as the pool of consumer goods is expanding, the central bank and government officials can give the impression that loose monetary and fiscal policies are driving the economy. This illusion, however, is shattered once the pool becomes stagnant or declines. Without expanding the production of consumer goods, all other things being equal, economic growth is not possible.
Most people aspire to a good and comfortable life. Standing in the way of this goal are the means that must be produced to achieve it. Saving permits the expansion of these means. The increase in saving, which supports the increase in the production of goods, also generates an increase in demand for goods. Any illusion that demand can somehow be strengthened through the monetary presses is sooner or later shattered by the impossibility of getting something for nothing.
The Tom Woods Show Ep. 2405 Contra Shapiro: The Rights and Wrongs of lsrael and Gaza
Scott Horton joins us to discuss the horrific Hamas attacks on lsrael, but alongside commentary that might upset Ben Shapiro.
BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers
nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z 🤙
nostr:npub1hw4zdmnygyvyypgztfxn8aqqmenxtwdf3tuwrd44stjjeckpc37q6zlg0q Read_772 - Easier Way to Bootstrap the UTXO Set
nostr:npub1ta5sstxzpk7aykejp6cv8eul80m2rjfwvp3rgjw0xgjtp7s3ak5s0c96f7
nostr:npub1xapjgsushef5wwn78vac6pxuaqlke9g5hqdfjlanky3uquh0nauqx0cnde
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
🤙
An Evening with Naomi Wolf