The more things you expect the government to provide to you, the more control you're giving the government over you.
When the government is the only one responsible for your education, healthcare, and much more, they're also the ones who can take it all away, if you disagree with them.
It should also work the other way around:
1. You made a bad loan, the borrower defaulted, and now you have a hole in your balance sheet.
2. Take the L and learn your lesson.
6-9 months from now, people will say that you were lucky to have bought #Bitcoin at $69K per coin.
The reality is, everyone gets Bitcoin at the price they deserve.
Work & Education > Luck
Oooof
Same here. Fuck the employer match, if I can't choose where the money goes, let alone that it's in the custody of TradFi bros
Last, but not least, put your seatbelt on, because the ride is about to start.
Since everything the government has, it has stolen, the more they need to spend, the more they need to steal.
Governments with the ability will steal through currency devaluation.
Others will increase taxes.
Many will do both.
The worst kind will engage in asset confiscation.
Latest News Block out now: https://podcasts.apple.com/us/podcast/coin-stories/id1569130932?i=1000673477393
Any reason why you don't post these on YouTube?
https://www.cnbc.com/2024/10/16/uk-inflation-september-2024.html
All this means is that you're getting robbed only 1.7% of your purchasing power per year.
And, let's not forget, that's the rate that the government tells you you're getting robbed at, not the real rate.
Having an inflation rate target means having a purchasing power theft rate target.
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.
