Would it have been really fun for me to come in and just keep issuing a lot of debt? and… it’s almost like a bodybuilder taking steroids. Outside looks great, you’re muscular. Inside you’re killing your organs. That’s what was going on here.” -@SecScottBessent
As a teen, diving deep into MLB’s steroid issue (late 90s) taught me a lot about our current issues and how what appears like a good thing is really damaging to the system.
Reflected on those lessons with nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8sprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgj58jw8 / nostr:nprofile1qqsgt0d4sa0pz0wvn9yck36xxezf3qhwzksu0q254vruqed5wvuavuspzemhxue69uhksefwwfjkcctev93xcefwdaexwqgjwaehxw309a3xjarnw3skx6ewv9c8qvr6xme (https://youtu.be/R2kWExiKBNY), Glad to see Bessent making a similar connection (around 19min - https://x.com/tuckercarlson/status/1908204378613248067) . There is a lot to be learned from this relationship.
Most of the time it just boils down to a simple but harsh truth— can you catch people when they are *willing* to hear it?
Until it’s blatantly obvious (a grandmother can see it) or painful enough to get someone to stop; the average person *will not* pay attention.
They are *too busy* on *more important* things… until… what is being explained becomes important *to them*, in *their moment of need*.
🚨Friendly REMINDER: Internet Hysteria had the following happen “next week”.
1. Europe was going to run out of energy & freeze over (2022)
2. JPYUSD was going to completely collapse (2022/2025)
3. #Bitcoin was going to zero (pick a year)
4. Gold was a worthless Boomer rock (2021)
Apply principles. Fear is your greatest enemy. Have a plan.
Return is a function of: time, volatility and probability.
Return = f(time, volatility, probability)
While I dislike Marx… it’s hard to argue he did not nail this.
Very well said 👏. A quote that requires a long ponder… from everyone.
“The high velocity trash economy is so high time preference that we're not even allowed to experiment with bold actions before they're deemed a failure. This is funny because we know for a cold hard fact that continuing with the status quo was destined for catastrophic failure.” - nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spzemhxue69uhhyetvv9ujuum5dahx2u3wvdhk6qg5waehxw309aex2mrp0yhxgctdw4eju6t0dc6x5s / nostr:npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw
An example of timeless value written in classic text.
References to @TheBubbleBubble & @MisterSlammy’s silver manipulation (#bitcoin sees it too, IMO) - https://www.zerohedge.com/precious-metals/mechanics-silver-price-suppression
We also see the natural behaviors of maxi’s getting enticed each 4 yr cycle to go and chase ✨ crypto & meme coins.
Yep, BBC, Facebook/META, Associated Press (for which CNN subscribes to their newswire service)… are all part of the International Fact-Checking Network (IFCN).
The “fact checkers” create, verify, disseminate, and disprove the facts.
🎥 + 🎙️ = 🤡🎪
🚩 The Greatest Contrarian Move at the Moment🚩
Lengthening your attention span > focus more intentionally and do more deep work.
This will pay *many multiples* more than continuing to swipe, scroll, or bounce from one headline to the next.
It’s the most undervalued trade in the market. Give it time to work.
“What it is, is the first actual scientific and highly precise, standard for monetary technology in the history of mankind.
The ideal money should be, it’s a standard and it’s the interface between other sources of value and it allows you to exchange value from one type to another type.” - nostr:nprofile1qqs0msx4ffk350luuel5zmvpsyzuzj9x60765ndk8wt2ukwfzjqfdpcprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqzrrhwden5te0vfexytnfdu4hh3cg
Nails it 🎯
Work by nostr:nprofile1qqsw4m6evhlz0qj02ekw86657dc5nm3gunvgk4ux0r4qyz6h2ywkk7gpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv3kk60v shows debasement of USD is about 12.7%.
nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpp4mhxue69uhkummn9ekx7mqpp3mhxue69uhkyunz9e5k7434vq4 uses 8-9% (inflation) to calculate loss of purchasing power.
This tells us the hurdle rate for maintaining a quality lifestyle.
Grok shows #Bitcoin ‘s compound annual growth is 86.9% & the S&P is 14.2%, since 2010.
That is why BTC is import. It is well above the rate at which money is being debased while stocks are more or less equal.
In periods of high inflation, like the last five years of 20-30% grocery, gas, clothing and essentials inflation. This pain is even more obvious.
What the Bitcoin Strategic Reserve proves is that we are finally beginning to understand money on the same level as our Founding Fathers.
Life, Liberty, and the pursuit of #Bitcoin.
nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3yamnwvaz7tmsw4e8qmr9wpskwtn9wvp2hklf nostr:npub1978t0ppn7wc4akp8knsjhqyed3d776xptn7qvkuaf3nrj4qu32vqg28wxa
The first step is understanding what your realistic fixed costs are, what your savings rate can be and what your excess discretionary spending is.
Once you do this very little debt is required because you’ve properly identified needs vs. wants and we will have prioritized needs over wants.
We got here by the irrational belief that we should be able to have all of our wants first because credit makes those available with ease.
In doing so, we ignored our needs and created a negative feedback loop of consumption above all else.
We got here by flawed principles. Those can go on, and have, for some time. Eventually they break the money, forcing everyone to look in the mirror. Only then can money can be reset to something that has sound principles and provides economic stability that encourages productivity, proper capital & resource allocation that restores growth.
Until we root out waste and destroy all of the excess spending and remove the negative feedback loop of overconsumption the problem will not be solved and will only worsen. However, it will be painful and many attempts will be made with credit like tools that will only extend the inevitable. Bonds are fine tools but can only be issued from entities that have excess capital, are productive, and encourage proper rate functions (risk/reward).
“History shows that the digital version of everything is always much more powerful and much more valuable than the analog version of everything.” - nostr:nprofile1qqs2xs05tluhtr6hpgsmqqxp04898gayjlyrjlexcrndv8j6el784xqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzfmhxue69uhkummnw3ezua3sdshxjmcewndaw
#bitcoin https://x.com/documentingbtc/status/1901275639224627508
HT: nostr:nprofile1qqsqcm5hjhgm4vvjq2c66emk4u8g2yr9tz8aa3h62k99au90mfkwdncpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpzemhxue69uhkummnw3ezummwwdshguewdaexw8yn7ze nostr:nprofile1qqstn8du5qvy5vkw2kgyevn8kghyxjpre9l5rrekmt6a9hlsm4a4cfcprpmhxue69uhhyetvv9ujuumwdae8gtnnda3kjctvqyd8wumn8ghj7mn0wd68ytn0wfskuem9wp5kcmpwv3jhv0hk0tg
Every economic system collapses when it can’t scale—just as Galileo predicted.
Are we at the next “reset”?
Artifacts → Land → Gold → Dollars → Treasuries → Petrodollars → Debt backed dollars → Bitcoin.
Wealth evolves when systems collapse under their own weight.
Could Bitcoin be the final reset, or just another layer?
https://kanemcgukin.substack.com/p/bitcoin-entropy-and-the-limits-of
Excited to get a copy, thanks nostr:nprofile1qqsxc56ajk5xtxerf4dqspgrfa0s5elrcr80lnz9nasldq87j3zzf0cpp4mhxue69uhkummn9ekx7mqpzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gn7mp08!
The community and those seeking to learn about money and the system are better for your contribution.
🧠💳The numbers tell a story:
Adults (18+): $4,653 debt per person
U.S. Gov: ~$106,529 debt per US Citizen
Behavior mirrors leadership—until we demand fiscal responsibility from leaders, expect no better from ourselves.
https://tradingeconomics.com/united-states/debt-balance-credit-cards
Government Debt: $36 Trillion, leaders spending "like drunken sailors."
Government: 4.6 million credit cards for 2.4mm empoyees (1.92 per).
Public Debt: 617mm cards for 260mm adults (2.37 per).
The problem isn't credit—it's excessive, uncontrolled credit.
"Teams take the personality of the coach." — This is true in sports, business, and economics.
If leaders spend recklessly, society follows.
A quick thread on debt, spending habits, and America's financial health 👇
Most people view investments as a way to make 💵, a way to buy more stuff.
When you flip your optic to viewing investments as a way to make progress, to be productive…
The outcome changes dramatically for the better.
