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Carl B Menger
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Bitcoin Chief Hodler Subscribe: https://carlbmenger.substack.com/

Everything we consider technological progress and growth was invented in a time called the GREAT DEFLATION (roughly from 1870 to 1900):

- Telephone (1876)

- Photograph (1878)

- Light Bulb (1879)

- Automobile (1886)

- Camera (1888)

- EVs (1888)

- Airplane (1903)

But somehow all fiat economists preach that inflation is necessary and good. This is by far the biggest hoax of our time!

The truth is that the majority suffer from inflation and only a few, those closest to the money printer, benefit from it. Somehow these are the people who control most of the mainstream media.

Don't be fooled. Fix the money, fix the world: https://www.history.com/news/most-important-gilded-age-inventions

„Money is not the invention of the state. It is not the product of a legislative act.“

REMINDER: Never more than 21 million #Bitcoin, no matter how you slice it.

Boomer after selling their house to some millennials for $3M while they purchased it for $13 and a pack of almonds in 1971. https://video.nostr.build/d2e13ac9194e94ae1d94c03762d5dae1fe8ac7ee8aa306d57a4a5e511eaff20a.mov

The #Bitcoin  Lightning Network ⚡️ explained now live on @stacker_news. Check it out now 👇: https://stacker.news/items/261714/r/CarlBMenger

The 13th episode of my ₿ informed newsletter about the #Bitcoin  Lightning Network ⚡️

Scalable, instant and lightning fast Bitcoin transactions explained. Including a step-by-step guide to set up your own Bitcoin Lightning Node.

Check it out now: https://carlbmenger.substack.com/p/the-lightning-network

BREAKING: #Bitcoin held on exchanges reached a 6 year low.

BREAKING: Global debt reached a fresh new record of $307 trillion in the second quarter of 2023.

💸 307,000,000,000,000 💸

https://www.reuters.com/markets/global-debt-hits-record-307-trillion-debt-ratios-climb-iif-2023-09-19/

#Bitcoin  gives a f* #FOMC

Fiat money is designed to trend towards ZERO with 100% certainty. So you are either stupid or too lazy to inform yourself if you are still hoarding worthless paper notes. There are no more excuses.

BREAKING: The FED has accumulated a $100 billion loss and those losses are likely to get much higher before the red ink stops. And guess who's paying for it? Taxpayers, of course, either indirectly through more money printing or higher taxes.

What's the problem?

During Covid (actually since 2008, QE), the Fed aggressively purchased bonds and mortgage backed securities to "flood the fiat system with money“ on which it must pay interest. Because of the rapid rate hikes, it has to pay out more interest than it earns on these assets. MUCH MORE.

If interest rates remain at current levels or higher, the Fed's operating losses will impact the federal budget for several years, requiring new tax revenues to offset the continued loss of billions of dollars, or further money printing.

Either way, this is just further proof that we are witnessing the end of central banking and the fiat system as a whole.

Next #Bitcoin halving: 15.1% remaining.

Imagine telling someone in 2012 that #Bitcoin  would ‚crash‘ to 26k when the price was $5.

Now I tell my friends that #Bitcoin  will ‚crash‘ to 1 million per coin within the next 8 years and they think I am insane.

Time will tell who is insane.

This is coming to you no matter where you live, because that is how fiat money is programmed.

Don’t buy them Shitcoins from Coinbase.