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Eric βœοΈπŸ‡»πŸ‡¦πŸ‡¨πŸ‡¦πŸ‡΅πŸ‡Ή
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πŸ‡»πŸ‡¦πŸ‡¨πŸ‡¦πŸ‡΅πŸ‡Ή Nostr since 02/23 xmrchat.com/eric #Ontario #Canada

Introduction to Infinite banking

http://intro.ericarruda.com/

Here is a quick video to explain the general concept of the wealth creator in contrast to the saver or the spender.

Fathers, take your family to Mass today.

#Canada

#Ontario

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#Catholic

I agree. But the statment that gov exists to mediate between people who cannot help themselves needs some controls around it otherwise good people can again justify their overreach by saying well the children cannot help themselves, we must enforce (make it law) our education curriculum for example because the parents don't know what's best for their child.

The Spartans had what is called krypteia where they would murder random slaves to keep the population under control. I am not suggesting murdering the bureaucrats but maybe term limits or some sort of 'purge' where 20% of government gets fired.

Like the ineffective debt ceiling but for staff. But I'd hope it would be effective. Just spitballing an idea here. Because my thought was around controling unelected bureaucratic & managerial staff that don't have much accountability and can operate almost with complete immunity. Like the 3 letter organiations CRA, SEC, CIA, FBI, FDC, etc.

Or just stack sats and opt out? Haha πŸ˜†

Had a conversation with someone about concert tickets. They say the government should make it illegal to resell tickets above face value because its not fair that $50 tickets get sold for $200.

I just watched a clip of Vivek Ramaswamy explaining how the Deep State is not 1 or 2 puppet masters or a group of evil people. He says its the unelected managerial class, a system of Good People trying to do good things.

My reflection is just putting those two separate events together. If you put the person who wants to enforce ticket sales, which is a good person, in a high position with in government or private sector, she would be mandating vaccines left and right. She would justify it and believe she is doing the RIGHT thing.

"The road to hell is paved with good intentions"

The Bureaucratic/Managerial class in unelected positions of power seem to be the 'problem' or the 'Deep State' everyone hates so much.

#Canada

#Ontario

#InfiniteBankingConcept

Imagine if ALL Canadians cut spending to eliminate debt, plus gov to post surpluses to eliminate debt.

The cure to "astronomical Canadian consumer debt" is terrifying

Consumers are tapped out

β€œCanadian shoppers finally seem to be feeling the pressure of higher interest rates, according to the latest retail spending data from Statistics Canada.

Retail sales, which indicate how much consumers are spending on goods, rose by a modest 0.1 % month-over-month in June, just slightly better than economists’ expectation of no increase. In volume terms, retail sales actually declined 0.2 %”

#Canada

#Ontario

#InfiniteBankingConcept

https://www.theglobeandmail.com/business/article-canada-retail-sales-june-2023/#:~:text=Business-,Canadian%20retail%20sales%2C%20up%20modest%200.1%25%20in%20June%2C,signal%20sluggishness%20in%20consumer%20spending&text=Canadian%20shoppers%20finally%20seem%20to,spending%20data%20from%20Statistics%20Canada.

We Sell oil to pay for everything else.

Ontario needs the West more than the West needs Ontario.

#Canada

#Ontario

#InfiniteBankingConcept

I'm sorry but I can't finish the Tucker / Trump interview. I tried to listen to what he had to say but it's painful.

So many great people in this world to lead the US and it's between Biden and Trump.

"Lord it's a damn shame."

Amethyst has an option to only download video when wifi is available. I find this has help my data overage problem a lot.

Also reduced number if relays I download from.

For sure. totally agree. And competition will always be present. The next best client is just around the corner and clients need to constantly be better and better because we can just take our data to a new client.

Who will reign supreme in 2 years, or 10 years. or will there be just a plethora of clients (tools, marketplaces, chat clients, games, banking?, AI) available each tailored to specific needs.

The constant threat of being 'outdone' will drive some fantastic outcomes I think.

I'm not sure what the right answer is or if there is one. But starting or buying a business with pricing power seems like a good idea.

Good luck with your business. May you stack many sats.

Free ebook

UNDERSTANDING BITCOIN: The Liberty Lover’s Guide to the Mechanics & Economics of Crypto-Currencies

By Silas Barta and Robert P. Murphy

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#InfiniteBankingConcept

http://bitcoinbook.ericarruda.com/

What is the best way to aquire Bitcoin?

Work a day job?

or

Start a business?

or

Buy a Business?

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#Ontario

#InfiniteBankingConcept