If everyone is thinking the same way... nobody's thinking
When the titanic sinks the first class passengers will be fine...
The rest of us need #Bitcoin
In the institutional model for expansion the bottom feeds the top.
The food is non-transparency.
CRISIS SUPPORT REMINDER + MINI THREAD:
A; Any time you place someone in between you and your money, such as a service or "middleman", you're engaging in counterparty risk.
B; It's never about what you can make, its always about what you can afford to lose.
IN THIS MINI THREAD, I'LL TEACH YOU THE 11 BANKING TRUTHS AND 1 ALTERNATIVE.
1 Banks don't have real fiat, they loan into existence.
2 Banks are not your friend.
3 Banks consider your accounts liabilities.
4 Banks have contempt for you.
5 Banks are non transparent because they're highly deceptive.
6 Banks have $3 liquidity for every $100 they lend.
7 Banks are leveraged 33x
8 Banks own your money, not you.
9 Banks are insolvent on a regular basis and have been since the mid 1980s
10 Bank money doesn't exist until you start paying your debts.
11 Banks will not be punshed for loosing all of your money.
When people realize that fiat leads to a a debt spiral, a debt spiral is a ponzi AND It is engineered to fail they're going to flood into hard assets.
ALTERNATIVE;
BUY HARD ASSETS LIKE #BITCOIN AND GOLD THE SELF CUSTODY THEM.
https://bitcoinmagazine.com/culture/bitcoin-fixes-failures-in-banks
REMINDER:
THERE'S NOTHING MORE PERMANENT THEN A TEMPORARY GOVERNMENT PROGRAM.
WWIII is here and a global monetary reset is well underway.
The global elites at war are fighting over BRICS "commodity based" currency vs The Fed CBDC/ Fiat standard
What role does #Bitcoin play and how does it get involved?
Sell all your Bitcoin and open up a savings account.
Bank's are collapsing ... we have to help.
They've been so honest and good to us over the years.
Do you ever wonder what they know that they're not sharing?
Perhaps a loss of faith in their own fiat?
A silicon valley bank just tanked.
Not good news for startups.
I told you the fed wont pivot until something serious breaks... as in something like USD itself.
Marwan lives in Lebanon.
He had lira worth $100,000.
He put half in Bitcoin. The lira has depreciated 97% since.
Marwan’s $50,000 worth of lira is now worth $1,200.
His BTC is worth $142,000.
When the world sees what Marwan did they will buy BTC and the US can’t stop it.
Mass adoption will start outside of the west.
This is due to our wealth, institutional stability and naive attitudes about how it was made.
We'll end up following the rest of the world on adoption.
“The only losing move is not to play.”
US banks have $18 trillion in deposits,
$3 trillion is backed up by cash,
$100 billion is backed up by physical cash.
Our species doesn't like change.
99% of us are guilty of this.
When confronted with the potential of a life changing paradigm shift that creates change outsidw of our comfort zones, we either hide from it or ignore it.
We retreat into our perceptions and hide behind our understanding of the world,
What we don't do is question if we're wrong and if something new could be better.
This transition is what the world is going through right now.
(Paraphrasing Jeff Booth)
