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Rune Østgård
832a2b3cef4b1754c4a7572964a44db64d19edf627ec45179b519d0a5eae8199
Author of Fraudcoin, UNBAR and Arrow of Truth. undoqo.com

The Norwegian Sovereign Wealth Fund is a shitcoin that doesn't protect anybody's pensions.

https://www.nbim.no/no/

IMO, if Bitcoin succeeds, we won't have a "Bitcoin Standard" as we had a gold standard before WWI. Instead, it will reestablish the right we used to have a long time ago, and that is the right to use the money that we like best, a.k.a. monetary freedom.

Inflation is a policy that concentrates real and financial wealth with the state and the super rich, debt and consumer good shit with the middle class, and desperation, disease and hunger with the poor.

In the 8th century BC Isaiah the prophet said (1:22):

"Your silver is no longer pure, your wine is watered down."

Twitter is a pond.

Nostr is the ocean.

Sound money is society's first principle

I desperately want to learn and remember this lesson!

Twitter might for a short while have improved after Musk took over, but not to the extent that I had thought and hoped for. So here is some bitter soul-searching.

In vol. 20 of Citadel 21, I wrote the following:

"Suddenly luck strikes again. A madman named Elon Musk takes over Twitter. I had barely used the platform previously. I had 16 followers or something before I launched the inflation book.

"And then Musk decides to let people tell their story freely. He even exposes the corruption of the media, and how Big Pharma and the politicians took advantage of the pandemic.

"After a short while I have hundreds of followers. Then a thousand. And now more than 1,700. I interact with all sorts of people, all over the world. It’s a movement. People who worship truth and public discourse enjoy a rare moment of intellectual and spiritual freedom."

I was wrong, or at least this "rare moment" was very short.

I will think about this lesson every time I see Musk's name, picture, cars, companies etc.

Global decentralization, US centralization.

I'm in the closing stage of writing a book on Bitcoin, and have just discovered what might be the biggest sin ever within academia: The lack of research on how kings and emperors combined the two policies of religion and inflation to concentrate wealth and political power. 🤮

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Must read. Eyeopner for me.

#[0]

Replying to Avatar Lyn Alden

Too many people have given Elon a pass. Don't give him a pass.

He's a marketer, not a founder or an engineer. He didn't found PayPal or Tesla; he bought into them early. He's good at selling narratives and equity valuation for perpetually unprofitable companies.

Everything for him is a narrative. His green revolution was a narrative to sell more cars and get more subsidies. His bitcoin purchase was to gain appeal among bitcoin/crypto people in a bull market. And he shilled doge like a dumbass. His SpaceX narrative is to get money from the government.

His rooftop solar thing was an outright scam; the technology isn't ready and went nowhere because of that. His full-self-driving-in-an-intermediate-term timeline was a scam, and is going nowhere because of that. He makes scams to draw people and capital in, because for him it's all about narratives and equity valuation.

And then he dug unproductive holes, suggested unproductive hyper-tubes, built meme flamethrowers, for what? It's a narrative, not a business. None of this is real productive shit to make peoples' lives better.

His latest "we need free speech" narrative was a scam too. He tapped into something real, which is what marketers do and why it kind of worked. Yes, we need free speech. Yes, Twitter had censorship issues. He saw that and jumped on it maliciously rather than productively.

But what did he replace it with? He replaced it with arbitrary journalist censorship about his private jet, arbitrary censorship of Substack, selective Twitter Files release, won't talk seriously about any of his China connections because Xi Jinping fucking owns him economically there like Jack Ma, has his balls firmly in his grasp, etc.

Elon's playing the narrative, the anti-woke meme of the day. He's a master meme-momentum-player. Don't fall for it.

Thx, Lyn

The relationship between inflation as a policy and religion may be important. Anyone out there who can share any sources related to this?