Likewise. We used to go to Latin mass but then we moved and the nearest church that has latin mass is 3 hours away. So it's just the rosary for me at this point unfortunately.
I'm sure there is but to get that far along, Duolingo is definitely not for you.
Ecclesiastical latin probably includes more theological vocabulary where as the classical is related directly to Roman culture. More vulgar terms.
In know they pronounced c differently. So civitas is a hard c like a K. Where as Ecclesiastical would be a soft c.
If someone proficient in Latin ever joins the community we can bombard them with questions.
Surveillance tool for the government.... Or more commonly referred to as a registered retirement savings plan. It's the Canadian equivalent of a 401k I believe.
When are you going to allow for monthly interest payments on HodlHodl lend? Is it even on the radar?
You can still find latin spoken at the Vatican. Many spoken latin clubs as well. Many catholics including myself pray the rosary in latin and attend mass in Latin.
It's not dead yet. It's due for a revival though. Hahaha 🤣
Maybe an interesting exercise would be for all Christians to post why they are bitcoiners or more importantly how their faith compels them to be bitcoiners.
We might find some interesting reasons or biblical references.
Thanks for the zap. Really appreciate it. A book about the moral case for Bitcoin would be awesome. Maybe something that can be taught in churches. I can only speak to Catholic churches but I assume other christian churchs have that same issue, but I think we have a huge blind spot around the morality of money. Not only is it not taught, it's not spoken about at all.
Repaying The Loan
- All the principal goes to you so that you can reuse it
- The interest you pay goes to the insurance company
- The insurance company pays you a dividend
The Infinite Banking Concept (IBC) is a process, it's not a product. I repeat... It's NOT a product.
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#Ontario
#InfiniteBankingConcept
#Catholic
#Business
#Philosophy
True but it's all in the pronunciation for the most part. Something is better than nothing.
Ever want to learn Latin. Here is your chance. As a community lets try to complete all the DuoLingo latin lessons.
Post your progress, ask questions, share interesting facts.
First the Boom, then the bust.
Why is 24 Sussex falling into disrepair? Well, there is a bit of history to that so lets learn more about this residence!
It was built between 1866 & 1868 by Joseph Merrill Currier, who was a Member of Parliament from 1867-1882.
He built it as a wedding gift for his new wife Hannah.
When it was completed, he named it Gorffwysfa, Welsh for "place of rest".
In 1901, it was sold for $30,000 to William Edwards, an MP from 1888 to 1903. The house eventually became the home of Gordon Edwards, nephew of William. He died in the home in 1946.
In 1950, the federal government decided to refurbish the property as a residence for the prime minister.
It went through $500,000 ($6.3 million today). Prime Minister Louis St. Laurent became the first Prime Minister to live there the following year.
Previously, Prime Ministers lived at various places in Ottawa, including the Chateau Laurier.
Since 1951, every Prime Minister except Kim Campbell and Justin Trudeau have lived at 24 Sussex.
Various Prime Ministers have renovated it, such as a pool during the time of Pierre Trudeau, or a redecoration that happened under Joe Clark.
However, Brian Mulroney was the first Prime Minister to have the reno costs publicly revealed.
Since then, renovation costs have been under public scrutiny.
As a result, renovation work is often viewed unfavorably & used as a political football by opposition parties in the House of Commons.
The last renovation was in 2001 and little has been spent since then. In 2021, a report stated the house needed $36.6 million in repairs & 18 months of work.
Sources:
https://ncc-ccn.gc.ca/places/24-sussex-drive
https://en.m.wikipedia.org/wiki/24_Sussex_Drive
https://www.thecanadianencyclopedia.ca/en/article/24-sussex-drive
Why is 24 Sussex falling into disrepair? Well, there is a bit of history to that so lets learn more about this residence!
It was built between 1866 & 1868 by Joseph Merrill Currier, who was a Member of Parliament from 1867-1882.
He built it as a wedding gift for his new wife Hannah.
When it was completed, he named it Gorffwysfa, Welsh for "place of rest".
In 1901, it was sold for $30,000 to William Edwards, an MP from 1888 to 1903. The house eventually became the home of Gordon Edwards, nephew of William. He died in the home in 1946.
In 1950, the federal government decided to refurbish the property as a residence for the prime minister.
It went through $500,000 ($6.3 million today). Prime Minister Louis St. Laurent became the first Prime Minister to live there the following year.
Previously, Prime Ministers lived at various places in Ottawa, including the Chateau Laurier.
Since 1951, every Prime Minister except Kim Campbell and Justin Trudeau have lived at 24 Sussex.
Various Prime Ministers have renovated it, such as a pool during the time of Pierre Trudeau, or a redecoration that happened under Joe Clark.
However, Brian Mulroney was the first Prime Minister to have the reno costs publicly revealed.
Since then, renovation costs have been under public scrutiny.
As a result, renovation work is often viewed unfavorably & used as a political football by opposition parties in the House of Commons.
The last renovation was in 2001 and little has been spent since then. In 2021, a report stated the house needed $36.6 million in repairs & 18 months of work.
Sources:
https://ncc-ccn.gc.ca/places/24-sussex-drive
https://en.m.wikipedia.org/wiki/24_Sussex_Drive
https://www.thecanadianencyclopedia.ca/en/article/24-sussex-drive
Reading 1
1 Thes 2:9-13
You recall, brothers and sisters, our toil and drudgery.
Working night and day in order not to burden any of you,
we proclaimed to you the Gospel of God.
You are witnesses, and so is God,
how devoutly and justly and blamelessly
we behaved toward you believers.
As you know, we treated each one of you as a father treats his children,
exhorting and encouraging you and insisting
that you walk in a manner worthy of the God
who calls you into his Kingdom and glory.
And for this reason we too give thanks to God unceasingly,
that, in receiving the word of God from hearing us,
you received it not as the word of men, but as it truly is, the word of God,
which is now at work in you who believe.
Gospel
Mt 23:27-32
Jesus said,
"Woe to you, scribes and Pharisees, you hypocrites.
You are like whitewashed tombs, which appear beautiful on the outside,
but inside are full of dead men's bones and every kind of filth.
Even so, on the outside you appear righteous,
but inside you are filled with hypocrisy and evildoing.
"Woe to you, scribes and Pharisees, you hypocrites.
You build the tombs of the prophets
and adorn the memorials of the righteous,
and you say, 'If we had lived in the days of our ancestors,
we would not have joined them in shedding the prophets' blood.'
Thus you bear witness against yourselves
that you are the children of those who murdered the prophets;
now fill up what your ancestors measured out!"
I teach people how to operate a full reserve bank using the dollars, from there they learn to create Income like buy a business or private lending. But all along they way they are learning about money, fractional reserve banking, Inflation, fiat, gold, once they understand the problem orange pilling is easy. Many normies are not ready to hear, Bitcoin will devour traditional finance. But once the problem is evident, they are ready to hear about Bitcoin as the solution.
Just my opinion.
🫂 🤙
But is he dead? 🧐🧐
Put your money in an RRSP, they said.
It will compound overtime, they said.
You'll be in a lower tax bracket in retirement, they said.
Here's what they didn't say: Inflation. Tax Bracket Creep. Tax Postponement.
Are you paying attention yet?
#Canada
#Ontario
#InfiniteBankingConcept
#Catholic
#Business
#Philosophy
NEW: 🇷🇺 Dead Russian billionaire Yevgeny Prigozhin may be linked to fifth largest Bitcoin wallet
1 Thes 2:1-8
You yourselves know, brothers and sisters,
that our reception among you was not without effect.
Rather, after we had suffered and been insolently treated,
as you know, in Philippi,
we drew courage through our God
to speak to you the Gospel of God with much struggle.
Our exhortation was not from delusion or impure motives,
nor did it work through deception.
But as we were judged worthy by God to be entrusted with the Gospel,
that is how we speak,
not as trying to please men,
but rather God, who judges our hearts.
Nor, indeed, did we ever appear with flattering speech, as you know,
or with a pretext for greed–God is witness–
nor did we seek praise from men,
either from you or from others,
although we were able to impose our weight as Apostles of Christ.
Rather, we were gentle among you,
as a nursing mother cares for her children.
With such affection for you, we were determined to share with you
not only the Gospel of God, but our very selves as well,
so dearly beloved had you become to us.
Mk 6:17-29
Herod was the one who had John the Baptist arrested and bound in prison
on account of Herodias,
the wife of his brother Philip, whom he had married.
John had said to Herod,
"It is not lawful for you to have your brother's wife."
Herodias harbored a grudge against him
and wanted to kill him but was unable to do so.
Herod feared John, knowing him to be a righteous and holy man,
and kept him in custody.
When he heard him speak he was very much perplexed,
yet he liked to listen to him.
She had an opportunity one day when Herod, on his birthday,
gave a banquet for his courtiers,
his military officers, and the leading men of Galilee.
Herodias' own daughter came in
and performed a dance that delighted Herod and his guests.
The king said to the girl,
"Ask of me whatever you wish and I will grant it to you."
He even swore many things to her,
"I will grant you whatever you ask of me,
even to half of my kingdom."
She went out and said to her mother,
"What shall I ask for?"
She replied, "The head of John the Baptist."
The girl hurried back to the king's presence and made her request,
"I want you to give me at once
on a platter the head of John the Baptist."
The king was deeply distressed,
but because of his oaths and the guests
he did not wish to break his word to her.
So he promptly dispatched an executioner with orders
to bring back his head.
He went off and beheaded him in the prison.
He brought in the head on a platter and gave it to the girl.
The girl in turn gave it to her mother.
When his disciples heard about it,
they came and took his body and laid it in a tomb.
Compelled by Christian faith, I stand firm as a Bitcoin advocate, driven by five resounding reasons that intertwine belief and currency.
1. **Conformance to God's Monetary Policy:** In the realm of digital gold, Bitcoin stands as a beacon of fairness and justice, aligning with divine principles. It resists manipulation and counters counterfeiting, embodying a pure representation of value. Like the scripture in Deuteronomy 25:13-16, where honest measures are commanded, Bitcoin is the embodiment of a just standard. One Bitcoin remains unequivocally one Bitcoin, unswayed by external forces.
2. **Removal of Monetary Power from Sinful Hands:** This transformative monetary marvel severs the shackles of monetary control from the hands of fallible men. Bitcoin's revolutionary essence lies in its recognition of the inherent imperfection within humanity. Trust becomes optional in transactions, freeing participants from reliance on the virtue of others. This revelation, akin to the acknowledgement of man's depravity, often overlooked, redefines the financial landscape.
3. **Separation of Money and State:** In a world where economies intertwine with governments, Bitcoin stands apart. It is a reminder of the spirit of liberty, where money was conceived as a product of the free market. Reflecting the wisdom of Genesis 13:2, Bitcoin's adoption becomes a voluntary act, embracing the original intention for money to be free from the clutches of political power.
4. **Decentralized Power and Inclusivity:** Unchaining itself from centralized authority, Bitcoin extends an open invitation to all, fostering a realm where participation is not bound by privilege. This inclusive design, akin to "rules without rulers," welcomes individuals across the globe, offering a financial realm where power is shared amongst all. In a world often governed by a few, Bitcoin becomes a champion of equity.
5. **The Moral Imperative:** In a stark departure from traditional monetary systems, Bitcoin emerges as a moral paradigm. Comparing it to currencies backed by conflict, one is prompted to question the compatibility of faith and endorsing systems fueled by injustice and violence. In this realm, Bitcoin stands tall, fostering a network that thrives without the need for bullets or aggression. With an army of computers, not an army of warriors, it stands resilient.
Thoughts?
I just noticed the community section on #amethyst. Is this recent?
I like it a lot. Following hashtags are kind of messy.
In faith, I'm compelled
In faith, I'm compelled, Bitcoiner am I,
Five reasons strong, I can't deny.
God's policy embraced by this coin so fair,
No manipulation, counterfeiting's snare.
From sinful men, monetary power takes flight,
Trust not required to transact in this light.
Depravity's accounted for, a truth untold,
Bitcoin's revolution, its story bold.
Money and state, forever apart,
Free market's invention, a work of art.
Voluntary choice, as God intended,
In Genesis' wisdom, paths are blended.
Decentralized realm, no ruler holds sway,
All can partake, in the network's play.
Rules without rulers, Bitcoin stands tall,
A monetary dance, open to all.
Moral stance it takes, this digital creed,
Backed not by bullets, no violence in need.
Injustice rejected, fairness is its song,
No tanks, just computers, it marches along.
Once seen, never unseen, this honest delight,
Fiat's flaws revealed, in Bitcoin's pure light.
Why Bitcoiner am I? Now you see,
For justice, for faith, for all that's free.
#Canada
#Ontario
#InfiniteBankingConcept
#Catholic
#Business
#Philosophy
INFINITE BANKING FOR DUMMIES: A BEGINNER’S GUIDE TO BUILDING WEALTH IN CANADA
Infinite banking is a powerful financial strategy that empowers individuals to take control of their finances and build generational wealth. This concept revolves around the use of a strategic whole life insurance policy to create a personal banking system. In this article, we will explore the basics of infinite banking in the context of Canada, helping you understand how to get started on your path to financial freedom.
What is Infinite Banking?
Infinite banking involves using whole life insurance policies as a financial tool. Unlike term life insurance, which provides coverage for a specific period, whole life insurance offers lifelong protection. What sets infinite banking apart is its focus on the cash value component of the policy. As you pay premiums, a portion of those funds is allocated to the cash value, which grows over time tax-free. This cash value serves as your personal banking system, allowing you to borrow against it at an attractive rate, and use the funds for various purposes such as cars, education, real estate or other investments.
Benefits of Infinite Banking
One of the significant benefits of infinite banking is the potential for tax-free growth. The cash value component of a whole life policy grows on a tax-deferred basis, meaning you do not pay taxes on the growth as long as the funds remain within the policy. Additionally, accessing the cash value through policy loans provides you with liquidity and financial flexibility. You can use the funds to cover emergencies, make investments, or pay off high-interest debts, all while still earning interest on the remaining cash value.
How Does Infinite Banking Work?
Whole life insurance policies consist of two main components: the death benefit and the cash value. The death benefit is the payout your beneficiaries receive in the event of your passing. The cash value, on the other hand, accumulates over time as you pay premiums and earns interest tax free. This cash value grows steadily, and you have the option to utilize it for your financial needs while keeping the policy in force.
Policy Loans
With infinite banking, you can access the cash value of your whole life insurance policy through policy loans. Policy loans allow you to borrow against the cash value, using the policy as collateral. Unlike traditional bank loans, there is no need for credit checks or extensive paperwork. You have the freedom to use the borrowed funds for any purpose, and the best part is that the loan does not affect the growth of the cash value.
Repayment and Interest
Repaying policy loans is a flexible process. You have the option to repay the loan on a schedule that suits your financial situation. However, it’s important to note that the interest on policy loans is typically calculated and added to the loan balance. While it’s not necessary to make regular payments on the loan, it is advisable to do so to prevent interest from compounding excessively.
By repaying the loan, you can restore the available cash value and ensure the long-term sustainability of your infinite banking strategy.
Building Cash Value
As you continue to pay premiums, the cash value component of your whole life policy will grow. However, it’s essential to understand that the growth is not instantaneous. The cash value accumulates gradually over time, with a portion of your premiums going towards it. To accelerate the growth of the cash value, consider making additional premium payments or purchasing paid-up additions, which are smaller, additional whole life insurance policies that enhance the cash value growth.
Long-Term Wealth Accumulation
Infinite banking is a long-term wealth-building strategy. Once you’ve established a solid cash value within your policy, you can leverage policy loans to invest in opportunities that align with your financial goals. Whether it’s real estate, business ventures, or other investments, using policy loans allows you to maintain control over your investments while simultaneously growing the cash value of your policy.
Tax Benefits of Infinite Banking
Infinite banking policies offer valuable tax advantages that can provide efficient and convenient ways to save money in both the short and long term. These policies provide a tax-deferred growth feature, allowing the cash value within your policy to accumulate without incurring taxes on the gains until you withdraw the funds. This benefit becomes particularly advantageous if you find yourself in a higher tax bracket or if you intend to utilize your policy to supplement your retirement income.
As you approach retirement, these policies can be transformed into what are known as “Insured Retirement Plans” (IRPs). Under this arrangement, your cash value serves as collateral for a line of credit from a third-party bank. The borrowed funds obtained through this line of credit are received tax-free, offering an additional advantage. Moreover, the outstanding loan is not required to be repaid until your passing, utilizing the death benefit from the policy. This unique setup ensures that your cash value can continue to grow unhindered within the policy, providing you with the ability to borrow more money as you age.
Policy Costs and Premiums
It’s important to consider the costs associated with whole life insurance policies. Premiums for whole life insurance are typically higher than those for term life insurance, as a portion of the premium goes towards building the cash value. It’s crucial to assess your financial situation and ensure that the premium payments are affordable and sustainable in the long run.
Policy Performance and Returns
Monitoring the performance of your policy is essential and your Authorized IBC Practitioner will help with this, keeping track of the growth of the cash value component and ensure that it aligns with your expectations and the projected illustrations provided by the insurance company. Understand that the growth rate may vary based on policy specifics and market conditions.
This is long over due. Would love to see ranked ballets so that at least 50% of the population needs to vote someone in.
#TrudeauStepDown is trending...
Canadians are done with Justin Trudeau, prime minister may step down before next election
Really. Why Bitcoin? Because great civilizations have fallen, people have died, wars are fought because of money. Real estate is inflated because people monetize it to protect their purchasing power. Deflation will actually help the lower income people because each year they will be able to purchase MORE not less goods. We work for money not for money itself but for what money can buy.
Like I said you need to understand the problem with money debasement - Fiat money.
The solution is a bourderless money that cannot be printed or manipulated.
You need to put in at least a 1000 hrs of learning to scratch the surface. Nobody who puts in the time to understand the problem and the solution of Bitcoin says Bitcoin is crap. It they are intellectually honest.
Reach out if you have any specific questions.
Nostr is an echo chamber for Bitcoin and financial freedom/literacy. You are in good hands.
http://hardmoney.ericarruda.com/
This video might help.
You mst first understand the problem fiat before you see the solution Bitcoin.