November 2021: OMG! #Bitcoin just reached $68,000 😲😲😲
October 2024: #Bitcoin at $68,000? Whatever... Wake me up when it's at $100,000
Government: You risked your money and lost!? Tough luck, buttercup!
Government: You risked your money and won!? Hey, hey, hey! We deserve a large chunk of that sweet, sweet profit!
Taxes are THEFT.
"People that use fiat currency as a store of value, there's a name for them. We call them poor." -
nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m
I think mine is better:
"People that measure their wealth in fiat currency, there's a name for them. I call them fiat-gains chasers."
Measure your wealth in #Bitcoin !
You’re probably earning more than your grandparents did at your age, but you can afford less.
The issue?
Earning more currency units doesn’t mean more purchasing power.
Wages have increased nominally, not in real terms.
I began a challenge with my brother, who's 10 years younger than me.
By the 1st of January, I want to drop down to 77 kg, from 86.3 kg, and he wants to reach 75Kg, from 66.6 kg.
After the 1st week, I'm down 1.7 kg, which is great, because it shows that I'm on the right track.
Now I'm aware that the majority of that loss is water weight, but it's always a great initial motivator.
Because of this challenge, I weight myself 3 times a day.
Once in the morning on an empty stomach.
Once in the afternoon, before I go train.
Once in the evening, after I get home from the gym.
Might sound like overkill, but I'm curious to see how my weight fluctuates throughout the day.
No weight lifting, for now, because I prefer to do my 2 Muay Thai classes and 3 individual heavy bag workouts a week.
Muay Thai classes are, at least 1.5 hours long, although, most of the time, I go in 10-15 minutes early and hit the bag.
For my individual heavy bag workouts, I do 12 x 2-minute rounds, with 1-minute rest in between.
Before individual heavy bag workouts, I'm looking to implement ~15 minutes of weight training, but only do 1 exercise, 1 warm-up set, with low weights, and 4 sets of 8-10 reps, with heaviest I can lift.
However, since I'm still at the beginning of this journey and challenge, and still recovering from my knee injury, I'm gonna give my body time to adjust.
It's already exhausting doing what I do and I don't want to burnout.
#fitness #weightloss #gym #gymstr #workout #weightlifting #muaythai #martialarts #challenge
Go short your local currency and go long scarce and desirable assets.
That's how you build wealth, in a debt-based monetary system.
You don't have to like the system to benefit from it.
If you don't make the system work for you, others will and they'll get ahead, while you get left behind.
That's how the rich get richer, while poor get poorer.
Monetary debasement being guaranteed means that scarce and desirable assets will continue to grow in price.
Unless the yield you earn on the money you lend is higher than the rate of monetary debasement, a.k.a. the hurdle rate, you are losing purchasing power.
Government creditors are some of the biggest suckers at the card table and will get absolutely rekt, over the next few decades.
If you have money in a pension account, there's a very high chance that a good chunk of it is "invested" in government debt, a.k.a. certificates of purchasing power confiscation.
Do with that what you will, but you probably don't want to be the patsy at the table.
I wonder what the fuck happened in 1971 🤔
Oh yeah! That's right! The US abandoned the gold standard and, by proxy, the whole world went on a purely fiat currency system based on debt, which can be issued in infinite quantities.
wtfhappenedin1971.com
The US debt is just over $35.7 trillion.
Although they will pay the interest and principal back to their lenders, NOMINALLY, they will never pay them back in REAL TERMS.
What that means is that, if you lend the US government $10,000, today, for 10 years, you'll get your coupon, every year, and the $10,000 back, after the 10 year term, but you will NEVER get back the purchasing power that you lent them, 10 years prior.
Do with that what you will, but just know that, as a lender to a government that can print money to pay you back, you are the PATSY at the table.
If you believe the government, when they tell you the rate of inflation, a.k.a. CPI, you're being fooled.
There is no such thing as the rate of inflation. Everyone's going to experience a different rate of inflation, based on their needs and wants.
The government wants you to trust their cooked BS numbers, instead of your own experience when you pay for stuff.
Believe the government all you want, but, the reality is, they're lying to you.
Eric Weinstein actually reminded me of if, a few months ago.
I don't think I have heard it since I was a kid
Is it wrong to vibe to "🎶By the rivers of Babylon🎶" in the shower? 😂
For some reason, I felt that it was the right song to play.
I'm not religious or anything, but I like the beat 🎵
#music #shower #vibe #vibing
I guess I kicked the heavy bag hard enough, if the paint came off onto my shin 😄
#workout #muaythai #gym #heavybag #fitness
