Heart attacked....
Amen. The best way to cure depression is to serve others.
Daily Seed: A Bitcoiner's Devotional
Elon Musk is posting clips of Milton Freidman on X. Slowly, we are winning.
The stock market is not a measure of the nation's wealth, it is a measure of the Cantillonaires' wealth. Oil is down, energy is down, and manufacturing is coming back to the USA. Trump is transferring wealth from the rich back to the poor.
In an honest system, wealth should never be "transferred," but our fiat system has transferred wealth from the poor to the rich for 50 years. So I'm glad to see some rebalancing.
GM nostriches. Today is a good day to get it done.
According to Grok:
The Triffin Dilemma, also known as the Triffin Paradox, is an economic concept that highlights the inherent conflict of interest faced by a country whose currency serves as the global reserve currency. It was first articulated by Belgian-American economist Robert Triffin in the 1960s, primarily in the context of the U.S. dollar and the Bretton Woods system.
Here’s the core idea: When a country’s currency (like the U.S. dollar) is used as the world’s primary reserve currency, that country must supply the world with enough of its currency to facilitate international trade and liquidity. This often requires running persistent trade deficits—exporting more dollars than goods—to ensure there’s enough currency circulating globally. However, these deficits can undermine confidence in the currency’s value over time, as they suggest the issuing country is accumulating debt or devaluing its money.
So, the dilemma is this:
• If the country (e.g., the U.S.) runs deficits to provide global liquidity, it risks destabilizing its own economy and the currency’s status as a reliable store of value.
• If it stops running deficits to protect its currency’s stability, it restricts global liquidity, which could disrupt international trade and economic growth.
Under the Bretton Woods system (1944–1971), the U.S. dollar was tied to gold, and other currencies were pegged to the dollar. Triffin argued that the U.S. couldn’t sustainably meet the world’s growing demand for dollars without undermining the gold backing, which eventually contributed to the system’s collapse in 1971 when the U.S. suspended dollar-to-gold convertibility.
Today, the Triffin Dilemma remains relevant in discussions about the dollar’s dominance, global imbalances, and potential alternatives like digital currencies or a multi-currency reserve system. It’s a classic catch-22: the privilege of having a global reserve currency comes with economic trade-offs that are tough to escape.
In the 70's, just as nostr:nprofile1qqsxc56ajk5xtxerf4dqspgrfa0s5elrcr80lnz9nasldq87j3zzf0cpzemhxw309a6k6cnjv4kzumr0vdskcw358q6rsqg5waehxw309aex2mrp0yhxummnw3ezucn8tdlz3m predicted. He had a second prediction. 🚀
AI is truly remarkable. Just wrote a 2 minute song that's really good. Lyrics & music. In under 40 seconds.
GM. It's a beatify day.
My second favorite bitcoin song.
Still my all time favorite bitcoin song.
nostr:nprofile1qqsyw2lflynya6sj2net9a7d9ksvxxw6unlye4jf7ppya9prfh9vl9cpzfmhxue69uhk7enxvd5xz6tw9ec82cspz3mhxue69uhkummnw3e8xct5wesjumn9ws4czwfz jones on fire today! #SimplyBitcoin
The scriptures say that a good man leaves an inheritance to his children and grandchildren. So what type of man leaves a debt to his children and grandchildren?
GM frens.
😳
