For me, Broken Money by nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz3mhxue69uhkummnw3e8xct5wesjumn9wsq3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59aktc5 changed the way I looked at money. That book was my gateway drug

There is no way he can honestly believe that when he’s seen behind the curtain of the debt based ponzi

If by staying humble you mean, staying quiet and taking screenshots of all the bears and doomers, so that I can overwhelm them, once we recover, with levels of pettiness they didn’t think possible; then yes, I’m being super humble 🤣

“Meatspace” 🤣🤣 I love that

One of the biggest things that made me ditch fiat (and my fiat assets) for Bitcoin, was realising the degree to which hyper-financialised arbitrage holds this whole Ponzi scheme up.

Every time I learned more about it, peeled back another layer, I felt even more uneasy and worried about having any connection to it whatsoever.

Nothing productive. Just exploiting gaps in the fiat system for more fiat with extreme leverage.

It’s one big circle jerk. And you can see it more clearly than anywhere when you look at the basis point trade being run out of the Cayman Islands.

Leveraged hedge funds have basically been funding the US deficit to a degree nobody quite imagined. They have been soaking up all the excess supply, to leverage themselves 50:1, and exploit a small arbitrage gap.

It should seriously concerns everyone alive today that this is what the system is built on. The only real demand now for all this continued borrowing doesn’t come from genuine demand, but leveraged arbitrage. That’s what’s funding the U.S. Government.

He has the symptoms identified perfectly, but he is wayyy of on diagnosing the causes. If only he’d realise that Bitcoin provides a way to tackle every issue he raises.