At this moment in time, nothing could be more important than understanding the process of monetary restandardization.

A rare but completely normal market process that is in the process of igniting our entire financial system into a new order.

In every economy, there is at least one commodity or security with an inelastic volume that becomes OVERVALUED as a result of reservation demand. This scarce resource is referred to as money.

When it happens this commodity is MONETISED.

Gold has historically been the most popular choice for saving but it's not the only option. Before the 19th century, there were different gold and silver standards around the planet and yes fiat too.

Monetary standards change, and it's important to understand why and when. Today of course, we are on a fiat standard.

This is where things get confusing.

Fiat currency is money, but it can also be thought of as sovereign equity. Which is to say, holding USD can be seen as holding a share in the US government. Likewise true for any other fiat.

Although these shares don't grant corporate control or pay dividends like traditional stocks, they still have value based on the government's ability to manage its economy, provide public goods and services, and maintain political stability.

The critical point to understand is that the dollar isn’t simply equity, it's MONETISED equity and for this reason it’s market value is much higher than its ‘intrinsic value’

Since the USD is sovereign equity and the government can create more of it as needed, the government cannot default on its obligations denominated in USD.

Furthermore, the government can decide none of it's banks will default either. You can always issue more equity...

The fact that the government literally CANNOT DEFAULT is extremely important and has been misunderstood by many. The MMT crowd in particular have butchered their understanding of this very important concept.

When the government issues more debt it's not really debt - it's equity. MMT crowd get this point. The government can easily issue more equity at any point in time.

But does this really grant the US a license to issue unlimited amounts of equity with no consequences? NO

Remember the original point.

USD’s value is higher than its intrinsic value because it is a monetised good which can be demonetised!

This is happening, gradually, gradually and now very suddenly.

What happens when the USD loses its monetisation and we experience a restandardization event?

Something has to take its place. What could it be?

Enter #Bitcoin

Bitcoin isn’t the corrupt “Great Reset” the evil WEF globalists talk about. Bitcoin literally prevents that

Discipline is Saving

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I’ve been taking cold showers for many years now. When I tell most people that, they think I’m crazy. Why subject myself to cold showers when warm showers are available? Why make the act of taking a shower so painful and unpleasurable?

I take cold showers because they’re uncomfortable. Discomfort is not a bad thing. It’s a good thing if it helps you grow. For me, cold showers are a way to test myself, to discipline myself.

Purposeful Pain

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Discipline makes uncomfortable activities comfortable through purposeful pain. The first time taking a cold shower was horrible and my body was shocked from discomfort. Mentally, it was difficult to handle and I did everything as fast as possible. The next time wasn’t much better, but by the tenth time, it wasn’t so bad.

Each time I took a cold shower, I learned how to handle the cold. More than that, I was learning how to get used to uncomfortable situations. The discipline of handling the cold was creating in me the more meta skill of learning how to discipline myself. I was learning to learn.

I learned for example that there’s joy in the journey. Every skill is frustrating to learn at first because you’re no good at it. But if it were easy at the beginning, it wouldn’t really be a skill. The real value comes at the end of discipline. Discipline, in other words, is saving or investing of time. The pain experienced in the process of learning is time spent now to make time more valuable later. A more disciplined and skillful person is more productive over the same unit of time than a lazy and unskillful person.

Consuming Pleasure

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Indulgence makes comfortable activities uncomfortable through desensitization. Porn, gambling and addictive substances are all more pleasurable at the beginning and have diminishing returns over time. By the end, other disciplines start suffering as laziness or impulsive behavior spreads. Indulgences destroy whatever disciplines you have.

The journey becomes hellish, especially as addiction takes over. The beginning of the journey may be fun, but by the end, addictions exact a heavy toll on your life. Indulgence, in other words, is incurring time debt. The pleasure experienced in the process of indulgence is time stolen from the future. An addicted and less disciplined person is less productive.

This is why for personal productivity, it’s much more useful to eliminate bad habits than to attempt creating good ones. The drain from an addiction of some kind is much more costly than a discipline is likely to help. Disciplines take a long time to mature so require years before the real value is gained. Stopping an addiction, especially cold turkey, is a huge boost to productivity because it pays off time debt.

As with finance, pay off the debt first and then think about savings. Indulgence is debt. Discipline is saving.

$10T / 21M BTC = $476,190

Except there will be far less than 21M available, so price will be higher.

Bitcoin is worth half a trillion dollars. It’s an infant. Once it soon gets to $10T (out of $900T+) it will shit on the FED and won’t be swayed by what governments do.

Only evil tyrants hate Bitcoin.

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#bitcoin will win because its competition are shitcoins, central banks and weak men.