The fraudulent monetary system that we have will end, when producers begin demanding to be paid in real money, like #Bitcoin, instead of in promises to be paid, like fiat currencies.
You want scarce & desirable goods & services? Pay me in scarce & desirable money. Otherwise, GFY
A cartel of banksters who can print money out of thin air & charge interest on it, all with the backing of the government, is definitely not the deal people were sold, over 100 years ago, like some claim.
People didn't make an informed decision. They're we're coerced into it.
They don't build houses like this anymore.
Can't even imagine paying hundreds of thousands of dollars for a house built out of wood and cardboard 🤡🌍
“People that use Fiat currency as a store of value - we call them poor.” - Michael Saylor
Sorry. I don't make the rules
I'm not sure what coffee you're on this morning, but your notes are on 🔥🔥🔥. Love the passion! GM 😎 ☕
Thank you! 🧡
I sometimes wake up like this, with built up frustration from the nonsense people spew and I just need to release it.
"People chose an elastic money, over 100 years ago!" - Jeff Snider
Wanna bet that this wasn't the pitch they were given?
When you hear TradFi Bois say shit like:
"We can't grow the economy, without credit and a flexible supply of currency."
This is what you can imagine:
I do get paid in units of fiat currency that were printed into existence, for my limited time & energy.
However, I convert any excess of that pay into a form of sound money that can't be printed into existence & is finite in supply, like my time & energy.
#Bitcoin #BTCorGFY
"You catch fish to eat & sell.
Bobby doesn't, but he asks Paul the banker to print him money out of thin air.
Bobby uses the money to buy your fish.
You have to accept that "money", because you're threatened by the government."
This is a good system, they say. For who?
Capitalism requires the allocation of capital towards production.
This action carries the risk of loss of capital.
To allocate capital, you first need to acquire it, by expending your finite time & energy.
Then bankers come, print money out of thin air & buy your capital 🤡🌍
"without printing purchasing power out of thin air, with zero time & energy required, we can't grow the economy!"
That's what you say, when you claim that the supply of money needs to grow
wE nEeD cReDiT tO gRoW tHe EcOnOmY bRo!
Ok. Go spend your finite time & energy to get money, then lend a chunk of it.
nOt LiKe ThAt BrO! i WaNt To JuSt PrInT iT oUt Of ThIn AiR aNd ChArGe InTeReSt FoR iT.
GFY then 🖕🏻
Money = purchasing power
You spend your finite time & energy to get money.
Bankers can lend money into existence.
Borrowers of that money then pay you with nothing more than a promise.
You sacrificed for money, they didn't, and they benefit from your productivity 🤡🌍
I'm still baffled by how many of the thinkbois in TradFi still have trouble understanding or accepting the fact that fractional reserve lending is inherently fraudulent.
"Here's a receipt for something that 10-20 other people have a claim on." 🤡🌍
If you caught 5 fish, today, eat 2 of them, and decide to lend the remaining 3 to someone, that's perfectly fine.
You're taking a risk of them never paying you back, but that's between you too.
If you lend out receipts for 3 fish, you don't have, that's fraud.
I have no problem with the concept of lending money. It's something that we as humans will always do.
What I do have a problem with is lending money into existence.
Money = purchasing power
We gave authority to a cartel to print our purchasing power & productivity. Insane!
A money with a flexible supply, dictated by a few "privileged" ones, who can decide when and by how much to increase the supply, is a corrupt money designed to steal purchasing power.
A money with credit built on top to "increase supply" always ends up being fraudulent.
