I have been asked sometimes if I support Ukraine.
I stand behind the people and if the leaders at that country are good guys then it is the same thing. But unfortunately often that is not the case.
Anyone with a fraction of a brain cell left after the media propaganda know war is newer a solution except for a few psychopaths who usually sit in high positions where they can make money on others dead.
I’m writing this because I keep getting asked to comment on Saylor/Saif video even though my position hasn’t changed.
The natural state of the free market is deflation which means all prices fall forever in Bitcoin (assuming it stays decentralized and secure)
Free market economies are more productive meaning faster deflation (or real wealth gains by falling prices)
That system is incompatible with an inflationary monetary system meaning one of those systems must fail.
Either:
1) A system based on truth, hope, and abundance for all 8 billion people on the planet driven by a free market economy and all prices fall relative to bitcoin forever. This means Bitcoin is used as a medium of exchange and freedom tech spreads to the world through lightning, Liquid, Fedimint, Cashu, etc.
OR
2) A control system. An extractive rent seeking system that is NOT the free market (similar to the one we have had for 5000 years that resets every 100 or so years through war) continues to centralize by having you believe price of bitcoin is going up in fiat which makes the surveillance state stronger. This eventually centralizes Bitcoin - custodians, media, regulation (funded from the same manipulation of money) where it is attacked from layer 2. (Similar to gold)
While these ideas may “seem” compatible in the short term because you want Bitcoin to go up in fiat. What it really means is that you are giving your energy and strength to the system centralizing the world by converting Bitcoin to Fiat….to then measure prices.
Quite simply - If Bitcoin is only a store of value, it fails as a store of value.
Ps - It won’t fail. #1 is inevitable in time because too many (and more each day) have seen behind the curtain and are determined to build path #1.
Many of you here - the people that inspire me every day. You make a difference with every word, thought and action.
Almost did that in all caps per nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx because it’s so important.
Referring to # 1 above…..There is no second best.
Think about it, for the first time in history you can have your own money that no one can take away from you. No state can print more or no mining company can mine more. It is already more easy to use than fiat.
So what is there not to understand right ? One would think it is opvious but the fiat world did a good job telling us inflation is normal so it will take time.
We just have to ask people in the fiat world what they can invest in that keep it's value and the thought process have started.🙂
The challange with democracy is :
If politician do their job they get a good salary
If they don't do their job they get rich
Bitcoin can help solve that
so better stop training then since the master says soo 🤪
but you are right gets worse day buy day but we exspected that just hope it does not harm to many people before we see better time nostr:note1azadk4zhjywy52cxeq3re2llx3fnsuuy8n9zwqjl6eg695e37p6sqd3p9w
World Bank's Radical Proposal Threatens Global Food Security
The global farmers' protests are now several months behind us and nothing has changed structurally. We still have to take note of how certain institutions such as the European Union are actively targeting food chains and the production of agricultural goods. Always with the argument of their climate rescue plan! Now it was the humanists at the World Bank who launched the next wave of attacks on our food production with a special proposal.
The 'experts' of the World Bank have suggested sweeping changes to global agriculture to meet "net zero emissions" goals. This proposal aims to centralize farming operations, which critics argue could drastically cut food production and lead to widespread famine.
The report claims these changes will help feed a growing population sustainably, but skeptics warn that reducing agricultural output could have dire consequences. Axel van Trostenburg of the World Bank argues that transforming food systems is crucial for reducing climate emissions and improving planetary health.
However, the plan's critics highlight the risks of such a centralized approach, pointing to the potential for economic disruption and increased vulnerability for the poorest populations. They argue that localized, diverse farming practices are better for the environment and food security.
The World Bank estimates that achieving these emissions targets will require annual investments of $260 billion, promising over $4 trillion in benefits. Yet, many fear that these ambitious plans overlook the complexities of global agriculture, potentially leading to food shortages and economic instability.
https://openknowledge.worldbank.org/entities/publication/406c71a3-c13f-49cd-8f3f-a071715858fb
#FoodSecurity #ClimateScam #Agriculture #WorldBank #WEF
The best thing we can do is to leave the farmers alone and they will do what they do best.
That will give us serure food supply.
Then we can export all the net zero experts to where there is middle age conditions and they might learn something 😉
Yes we shure have interesting times ahead.
My hope is that enoch gets it before to many get hurt.
But the logic behind who gets to understand BTC at this stage puzle me
since my old day gets it but my brother and nephews I can not get them to spend just spend 5 min to study BTC but they have all the time in the world to fill up the leaking bucket 😳
"leaders" in a toxic system is there because they fit right in.
So makes sense why we have a clown world 🤕
For me Bitcoin and the people there changed my life 🙂
Thank you Thank you Thank you
Satoshi and the first torch carries
Lets makes the world a better place ❤️
🧠Quote(s) of the week:
"Where do you spend most of your time and energy?
A system is trying to control you with fear and division. (and is it getting worse?) or
A system based on truth, hope, and abundance. (and is it getting better?)
A mirror of thoughts, words, and actions."
"Fear versus hope"
An eternal battle inside each of us, with our thoughts & actions reinforcing the world we each see,
Fear stops people from moving towards hope, and can be used effectively against you.
We all have a choice.
Those choices, in turn, shape our future!"
- Jeff Booth
🧡Bitcoin news:
Now before we start the weekly recap I want to share a tweet by Dr. Jeff Ross, as the war/genocide in Gaza intensifies.
"On a fiat currency standard, central planners argue that more fiat must be created in order to fund two or three simultaneous wars.
On a Bitcoin standard, decentralized users understand that sustained major wars are generally unaffordable, massively wasteful, and, therefore, unlikely to occur.
One currency standard generally wastes human life, while the other monetary standard generally preserves it.
Which world do you prefer?
The choice is yours.
Bitcoin is better money for a better world."
- Dr. Jeff Ross
➡️ Spot exchange volumes surpassed $24B, reaching an 8-month high amid expectations of an imminent Bitcoin ETF approval
➡️ "There's so much pent-up demand for Bitcoin — $200 Trillion of Institutional assets that can't touch it until an ETF is approved. - Ernst & Young (one of the top 4 global consulting)
It's the regulatory green light institutional investors are waiting for: "The spot Bitcoin ETF will be like a superhighway on-ramp for many institutional investors. It translates Bitcoin into the securities language they already know and speaks and does business in every day." - James Lavish
"Blackrock, Fidelity, Invesco and other major spot Bitcoin ETF issuers will probably need several million Bitcoin to satisfy consumer demand over the next 24 months. Where are they going to find that much 'physical' BTC without driving the price to $200,000+?"
I am not sure about the 'several million Bitcoin', but yes this will be the market dynamic.
Anyway talking about the approval...
➡️SEC Commissioner Hester Pierce says the "logic for why we haven't approved a Spot Bitcoin ETF has always mystified me."
SEC is supposed to protect retail investors but seems like they do everything to make sure retail doesn’t make money. The delay only makes sense if there is an underlying agenda to shield conflicting interests. Just to put it down in simple terms: Old money hates new money and tries to find ways to control the narrative, create pump/dumps, and profit from it.
"Bitcoin is a “safe haven asset” that consistently outperforms gold" - $676 Billion fund manager Alliance Bernstein
➡️ Last week we received the news that some people on Coinbase encountered a new $5k/wk withdrawal limit policy. The policy was implemented on 13.10.2023. I can only guess why they implemented the policy. Exchanges only have fractional reserves of your Bitcoin, so please repeat after me: not your keys...
They are going to close the exits soon. Self-custody is the only safe option. Learn how to self-custody. End of the day if you have Bitcoin on exchanges you are playing a game of musical chairs. If you are last to down, you lose!
Talking about not your keys, not your coins...
➡️ Ledged launched their 'Ledger Recovery'. So what is the new service and how does it work?
I quote Ledger: "Ledger Recover is a new service that is 100% optional. Ledger Recover is an ID-based key recovery service that provides a backup for your Secret Recovery Phrase. If you lose or don't have access to your Secret Recovery Phrase, the service allows you to securely restore your private keys using a Ledger device."
How this works:
STEP 1: Identity verification
Verify your identity using a valid ID document and a selfie recording.
STEP 2: Creating the backup
Connect your Ledger device and approve the creation of the backup for your Secret Recovery Phrase. Once approved, your Ledger device will encrypt the entropy of your Secret Recovery Phrase—a string of random 1s and 0s from which your Secret Recovery Phrase is computed. The encrypted entropy is fragmented into three pieces within the Secure Element chip. These fragments become the backup for your Secret Recovery Phrase. Ledger Recover only interacts with the fragments of the encrypted entropy, and never with your Secret Recovery Phrase in its readable format.
STEP 3: Securing the backup
The fragments are securely distributed using end-to-end encrypted and authenticated channels to the Hardware Security Modules (HSMs) of three independent companies – Ledger, Coincover, and EscrowTech. Each fragment on its own is a useless set of random numbers.
STEP 4: Linking the backup to your verified identity
Each fragment is linked to your verified identity from Step 1, so only you can request to retrieve the backup.
You will be billed 9,99€ per month after the first free month. You can unsubscribe anytime. Exclusively for Ledger Nano X.
Now my take on it:
There is no point in owning a hardware wallet if you're just going to give your private key to the government and corporations.
If you use this service, you are signing up for a simple seizure of funds if Ledger willingly (or unwillingly due to government pressure) decides to collaborate with one of the other storage providers.
If you want to read my full explanation:
https://www.instagram.com/p/CsWLjWosy0Z/?img_index=2
➡️ Casa CEO Nick Neuman sends an email to customers warning of abnormalities at Binance and encouraging them to remove funds from the exchange ASAP.
➡️ Bitcoin setting new All-Time Highs in countries around the world including Argentina, Egypt, Laos, and Lebanon. Also ATH in Turkish lira and Nigerian naira. Although I think this is less about Bitcoin ATHs and more about government-caused inflation ATHs.
➡️BlackRock's ETF ticker was removed from listing on the DTCC website and the huge volume of traffic from people checking broke the serve
➡️ On the 24th of October Bitcoin crested $34,500 for the first time since spring 2022 as the spot ETF hope rally gains steam $17 million short bitcoin futures have been liquidated in the last 20 minutes. $117 million in shorts have been liquidated and forced to buy spot today.
With the price surge to $33.8K, MicroStrategy is $679,000,000 in profit on their Bitcoin investment
➡️ Bitcoin Dominance surpasses 54% - a level not seen since April 2021, and 80% of Bitcoin addresses are now in profit.
➡️https://twitter.com/JoeConsorti/status/1716886928644321711
➡️"Last week, the @WSJ published an article claiming about $90 million worth of crypto was used to fund Hamas — a serious claim that gained significant attention. In response to the article, anti-Bitcoin politicians directly linked the WSJ article as evidence in a letter to the White House and Treasury “to address the serious national security threats posed by crypto’s use to finance terrorism.” Later, it was confirmed that the article was patently false. It was straight-up fake news. This was confirmed by @chainalysis, which ran the numbers." - Sam Callahan
Read more here:
https://twitter.com/samcallah/status/1715854073461604555
You can find the original sources below.
Original Fake WSJ article: https://wsj.com/world/middle-east/militants-behind-israel-attack-raised-millions-in-crypto-b9134b7a…
Politicians' letter to the White House: https://warren.senate.gov/imo/media/doc/2023.10.17%20Letter%20to%20Treasury%20and%20White%20House%20re%20Hamas%20crypto%20security.pdf…
Chainalysis correction article: https://chainalysis.com/blog/cryptocurrency-terrorism-financing-accuracy-check/
"Stocks down. Bitcoin up! BlackRock CEO said Bitcoin is a "flight to quality" because of the global chaos. Billionaire hedge fund manager Paul Tudor Jones said "Bitcoin is the fastest horse in the race" in an inflationary recession. Is the De-Coupling finally here?" -Bitcoin Archive
https://twitter.com/BTC_Archive/status/1717482661361357185/photo/1
➡️"Buy Bitcoin" Google searches spike globally, with a ~820% increase in the UK.
➡️ Bitcoin hash rate EXPLODES higher to 545 EH/s
➡️ "Remember this announcement?
"Ethereum will use at least ~99.95% less energy post-merge"
ETH is down 32% against BTC since. If you pay peanuts, you get monkeys."
Never change Tuur Demeester, never change!
💸Traditional Finance / Macro: no news
🏦Banks: no news
🌏Macro/Geopolitics:
👉🏽 M2 US dollar money supply just logged its 10th straight month of contraction at -3.6% in September. The longest period of money supply contraction since 1933 just keeps getting longer. Although this isn't a surprise. Rising interest rates and QT basically mean contracting M1 and M2. They are sucking the money out of the system that we injected during 2020-2021. Now why is this bad? Monetary policy-induced deflation into a system that is having debt through its freaking eyeballs, well that's bad.
Imagine BTC's price when this reverses and the printer goes brr again!? Despite the largest M2 contraction to date, Bitcoin is up 100%+ YTD.
👉🏽The US' annual interest expense just hit $981 billion for the first time ever. The Fed hikes rates to reign in consumer demand... meanwhile, it bankrupts the US government. As tax receipts weaken, interest payments will be increasingly funded with more debt issuance.
👉🏽US GDP grew 4.9% in Q3 QoQ annualized, way faster than +4.3% expected. Now for fiat fanboys, this is a signal that the economy is strong. But... "The United States hasn't made more than it spends since 2002. Those strong GDP numbers you've been sold are fuelled by even larger fiscal deficits. There is no "real" growth in the USA. It's a multi-decade debt-fuelled bender." - Joe Consorti
👉🏽US treasury secretary, Janet Yellen: "Biden has proposed deficit reduction plans."
"And just like the Inflation Reduction Act, this new plan will expand the budget, increase the deficit, and cause more inflation. There is only one button in Washington and it is labeled ‘Spend’." - James Lavish
On top of that, today we received the news that the Treasury expects to borrow nearly $1.6 trillion in net new debt during the six-month period covering this quarter and next quarter. Consequences, massive inflationary.
We are living in a world where debt is growing exponentially. In 2008 the US only needed a $5B cushion in the TGA - now the government needs a $700B cushion.
By the way, put this in Bitcoin's perspective. The US Treasury is going to issue 2.6 Bitcoin networks worth of debt (55.000.000BTC) over the next six months. Yikes!
👉🏽US consumer 1-year inflation expectation median comes in at 4.2% vs 3.8% prelim. 5-year is 3%. This is re-accelerating. Not clearly well-anchored in my view even if the Fed continues to believe it. Inflation may go down, but prices never go down. Inflation is 3%, but prices are 30% higher than they were 2 years ago.
👉🏽 "For the first time in history, you need to make six figures to afford a house in the US. The annual income needed to afford a house is now $111,000, according to Reventure. Meanwhile, the median household income in the US is just $78,000, ~30% below that threshold. Just 3 years ago, in 2020, you needed $60,000 of annual income to afford a house. In other words, the income required to own a home has risen by 85% in 3 years. The gap between median income and income needed to afford a house is ~25% LARGER than it was in 2008". - TKL
https://twitter.com/KobeissiLetter/status/1718297045088211152
I will end this week’s Weekly Recap with a tweet by Preston Pysh:
Must Read Quote From Luke Gromen:
“Many investors appear to be operating under a misapprehension that this cycle is just like all the previous cycles in their career, even though the FED has *NEVER* tightened with debt/GDP at 120%, deficits/GDP at 6%, or US Net International Investment Position at -65% of GDP….
…. LET ALONE TIGHTENED WITH ALL THREE BEING TRUE AT ONCE! …
The implications of this are critical: On one hand, if the FED keeps tightening from here, they are going to lose the long end (at least until they create an outright 1987-like stock market crash, and then stand aside as the system implodes)…and even then, the bid for USTs will only last until tax receipts collapse and UST issuance skyrockets. On the other hand, if the FED loosens policy from here, they are also going to lose the long end.”
@LukeGromen
All I can say (Preston): Got Bitcoin?!"
Credit: I have used multiple sources!
My savings account: Bitcoin
The tool I recommend for setting up a Bitcoin savings plan: nostr:npub1sqzr42dj8vx32yd5jcvvl3ytux45kl0etgf6y2ymjvmd7lqmuwmqk9vk7vis especially suited for beginners or people that want to invest in Bitcoin with an automated investment plan once a week or monthly. Hence a DCA, Dollar cost Average Strategy. Check out my tutorial post (Instagram) & video (YouTube) for more info.
⠀⠀⠀⠀
Get your Bitcoin out of exchanges. Save them on a hardware wallet, run your own node...be your own bank. Not your keys, not your coins. It's that simple.
⠀⠀⠀⠀⠀⠀⠀⠀
Is this post helpful to you? If so, please share it and support my work with sats. #zap 🧡 #weeklyrecap #nostr #plebchain #grownostr #stacksats
Thanks for your weekly updates Felipe 😊
Great way to catch up what is really going on 👍
Unfortunately I didn’t manage to buy Softwar by Lowery before they took it away, so if someone figured out a way to get the book I would appreciate it.
Be humble so you can see true your rational knowledge “blocks “ and touch the strings of your body and soul and you will see see the world around you.
That was so well said in this video by Wattias Desment.
https://mattiasdesmet.substack.com/p/my-interview-with-tucker-carlson
Invest your time in BTC if you value the law of physics.
Put you time in Fiat money if you believe it will keep it’s value for the frist time in history.
All Saifedean books I would say is a must to read like the “The rice of tomorrow” by Jeff Booth, also the podcast serie with Robert Breedlove and Micheal Saylor is really good. Enjoy :)
Worth listen to if you havn’t been down that road before.
Said by a private banker.
Let me issue and control issue a Nations money and I care not who makes the laws.
I finally learned why a good salary over many years don’t get you anywhere even though you don’t waste your money on stupid things. Keyword is TAX on salary and pretty much any trade you do like houses, cars, oil, gas,electricety etc. they just have different names to it to cover up the hidden tax.And if that wasn’t bad enough we have INFLATION that drain out any value you might have and harder to get anything you need.Thanks god for BTC. Time to get out of the hamster wheel and make good use of our time. 🙂
GUESS WHO TAUGHT ME something new today: nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a! I hadn’t thought of 👇 before but it’s logical that #Bitcoin will become more decentralized over time bc it keeps getting easier/more accessible to run a node (p339 of #BrokenMoney). I ❤️ reading engineers’ explanations of #bitcoin! 
Yes hands down a really good book.My book is full of notes and is is going to be a good reference book in the future with all the links to other books.
https://www.sciencedirect.com/science/article/pii/S1570677X19301364
"The Nixon Administration gifted us two things—fiat money and fiat calories—that have changed the world as we know it. No political leader since has had the courage to reverse these changes because they create a false sense of abundance that gets them (re)elected."
-Natalie Smolenski
#foodstr
Spot on. We need quality food back but less money in that for the food and medical industry.