Why is this a thing in the states?
GM.
Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".
It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.
To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.
That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.
The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.
Anyway, I uploaded that chapter 13 on my website for free reading:
https://www.lynalden.com/wp-content/uploads/broken-money-chapter-13.pdf
So they would need to get rid of dollar's reserve currency status to solve the underlying problem. How could this be achieved?
Maybe he's just pretending to troll while secretly being a bitcoin maxi.
On average people lived shorter because many died early, but bunch of people still lived into old age. And nowadays people are developing heart disease even in their 50s whereas heart disease was extremely rare in any age group, even in 50s and beyond.
So inflation is still increasing but it just doesn't increase as fast as it used to – great!
Lol, how is this even possible?
Good to see you here!
One reason to suspect that diminishing returns might not play out this cycle.
Don't trust, verify. Incentives for scientific research is skewed so there's really no other way to truly know other than go the source yourself.
Too bad it's a permissionless network so there's no way to control whether the participating peer is an individual, company or nation state.
When you have a permissionless network there's unfortunately going to also be participants you're not gonna like.
Best of luck to him 🫡
I'm not too deep into this personally, but I've seen folks utlizing carnivore diet among other things to battle cancer. Just throwing it out there so you can look into it.
Read nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a's September news letter and was inspired to make this meme.
Don't overthink it, we're in fiscal dominance, which means number go up. Act accordingly.
The government takes almost HALF of what you earn through various taxes.
The government DEVALUES the money you manage to save by printing more out of thin air (inflation).
AND THEY STILL SOMEHOW DONT HAVE ENOUGH FUCKING MONEY TO TAKE CARE OF OUR OWN FUCKING CITIZENS.
THIS IS FUCKING UNACCEPTABLE AND YOU SHOULD BE FUCKING PISSED OFF.
https://apnews.com/article/hurricane-helene-congress-fema-funding-5be4f18e00ce2b509d6830410cf2c1cb
No amount of money is enough when they are not accountable on how they use it.
It just happened, had my last day at my part time job. No more selling cheap fiat carbage items and food substitutes.
I had been an entrepreneur earlier in my life as a massage therapist - it wasn't ultimately the thing I wanted to do full time. I'll still do what I get, but I'll mainly be focusing on passion projects, like translating bitcoin literature with Konsensus Network - which actually will start to generate some income, won't be much most likely, but any income from a passion is a win.
And I can do this stress free because I have financial buffer, which I didn't have as much the first time around.
nostr:note19qsmp2qa0m90m65us4yrkx9vck3u5mvflqkz5vcfl0lqgnzrpcysdlv3j9
Chicken liver has a good amount of folate and lower amount of vitamin A and copper compared to beef liver. Plain lamb meat and fish also has some, more than beef.
Genes are just memes, it's all memes through and through.
My favorite meme of this cycle.
That and Nostriga. Good to see you here as sell, Dylan 🫡