Let thy food be thy medicine. - Hippocrates
I’m out for a walk to clear my head. I had to go and listen to nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev's latest read. Not good for my equanimity, but an important listen, all the same.
Thanks to Guy for the read and nostr:npub17u5dneh8qjp43ecfxr6u5e9sjamsmxyuekrg2nlxrrk6nj9rsyrqywt4tp for the words.
This is Franz Kafka’s “The Trial” in live action.
Whom the gods would destroy, they first cause to borrow at low rates of interest.
- The Price of Time
Work and store/save your value in hard monies that cannot be debased and avoid Faustian bargains know as debt traps or debt slavery.
Whom the gods would destroy, they first cause to borrow at low rates of interest!
Monetization of U.S. debt is de facto inflation. Increased money supply into an economy is inflation which devalues purchasing power per note.
A growing economy based on inflationary debt (over-spending) from cheap money (low interest rates) is a mirage, Potemkin village, or bubble which will inevitably pop and has collapsed every empire to date.
The only way for individuals to avoid losing their purchasing power is to exit fiat systems (e.g. Dollars) and store your wealth in hard assets like ₿itcoin which will appreciate against infinite money printing.
🖨️💵 ♾️/ 21M = ₿ value
This should have been a forward for the book “The Collapse of Complex Societies” by Joseph A. Tainter.
“The easiest way to find something lost is to buy a replacement” is probably some variant of Murphy’s Law that needs a proof.
Perhaps a candidate from oversaturated Ph.D. programs will take up the challenge.
“I root for the big asteroid to come and make things right.”
https://v.nostr.build/dwy8l.mp4 nostr:note1sysp6h6xtpwsc46zlt5lxzcxe7zd22jdvc25mwt0gz8u2umjsmfq32fhlt
This is Epictetus reincarnate. ☝️
Ideas sometime take hundreds of years before they are rediscoverable by the right minds.
Likeminded soles may be understood by others separated by eons.
“No government has ever monopolized the high seas. The internet may be the same.” - Sovereign Individual
No force on earth can stop an idea whose time has come. ~ Victor Hugo
Like moths to a flame, centralization attracts authoritarian and narcissistic personalities that think they know better than the rest of us.
“Was the government to prescribe to us our medicine and diet, our bodies would be in such keeping as our souls are now,"
- Thomas Jefferson
If you utilize appropriate CPI a la 1980s, real inflation is approximately 12% or more.
There are bargains to be had if you venture off the beaten path.
Unfortunately, most fail to discovery this epiphany far too late in their lives.
By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft. - John Maynard Keynes
"At the end of the day, you can't have the base of a global decentralized censorship-resistant permission-less financial network change easily, because then you can just change it maliciously, and then we're all fucked." - nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx from nostr:npub10atn74wcwh8gahzj3m0cy22fl54tn7wxtkg55spz2e3mpf5hhcrs4602w3 CD120
Immutability is a feature; not a bug.