The argument for increasing military spending by printing more money is an outdated approach. This financially coercive tactic is often repackaged in terms of energy and climate change agendas, perpetuating a detrimental cycle in the political economy post covid19 plans.
RestartThroughout history, there have been numerous occasions when banks and financial institutions have provided a false sense of security, only for the situation to deteriorate rapidly. One of the most striking examples comes from Lebanon, a country with a population of 4 million that has been devastated by the largest Ponzi scheme in the history of central banking and economics.
Unfortunately, the West and many "developed" nations seem to be oblivious to the signs of a dysfunctional financial system they are living in. The belief that the dollar or euro is a safe haven might be misplaced, considering the numerous instances of false assurances from banks and financial institutions in the past.
The following table highlights some of these instances in chronological order:
These examples remind us that the conventional financial system can be deceptive and unreliable. Relying on the assurances of banks and central banks might not always be in our best interest. Instead, we should consider alternatives like Bitcoin, a decentralized and transparent form of currency that has the potential to revolutionize the way we handle money.
In an increasingly unpredictable financial landscape, it is crucial to stay vigilant and question the stability of traditional currencies. Learning from history, we can adopt a proactive approach and explore alternative financial solutions that offer greater autonomy and control over our financial destiny.
Do you know of any other instances where banks and financial institutions have misled the public? Share your thoughts and join the conversation on creating a more secure and resilient financial future.
#EndTheFed #Bitcoin 
#nostr #plebchain
The 2023 banking crisis has now officially surpassed the 2008 financial collapse in scale (noting we’re still in the first half of the year), with major regional lenders like PacWest and First Republic collapsing in quick succession. Despite assurances from Fed Chairman Jerome Powell that the U.S. banking system is sound and resilient, it appears that the situation is far from under control.
Drawing from Austrian economics and 2008 facts, it is important to note that the early collapses in a financial crisis are often just the beginning. In 2008, the failure of 25 U.S. banks was followed by a staggering 440 bank collapses over the next four years, a rate of 110 per year compared to just two per year prior to the crisis. With the current crisis unfolding at an alarming pace, it seems that the worst is yet to come.
One key factor in this crisis is that the effects of interest rate hikes usually take 12 to 18 months to significantly impact the economy. As we are only six months into the rate hikes, it appears that the true storm is yet to hit, with the current situation representing only the first breezes of an oncoming hurricane.
Moreover, European banks are also facing serious trouble, as they are dealing with the same problems as their U.S. counterparts due to the European Central Bank following a similar playbook. Ifact, European banks are even more vulnerable, as they are almost twice as large relative to their economies compared to the U.S. banks. During the 2008 crisis, the financial collapse in the United States led to a domino effect that ultimately resulted in a sovereign crisis in Europe, affecting countries like Greece, which have never fully recovered.
Current EU financial stresses are even higher than in 2008, partly due to their environmental and de-industrialization policies. As such, Europe could once again find itself on the brink of disaster as a result of the current U.S. financial crisis. Ernest Hemingway once wrote in his book “The Sun Also Rises” that there are two ways to go bankrupt: gradually and then suddenly. It seems that the pace of "suddenly" is accelerating in the current crisis, with potentially dire consequences for the global economy.
The dominos won’t stop falling.
#Bitcoin is the only exit.
#plebchain #nostr
#[3] #[4] #[5] #[6] #[7] #[8] #[9] #[10] #[11] #[12] #[13] #[14] #[15] #[16] #[17] #[18] #[19] #[20] #[21] #[22] #[23] #[24] #[25] #[26] #[27] #[28] #[29] #[30] #[31] #[32] #[33] #[34]
👌🏽
Have you tried the Lebanese recipe of lamb testicles?
BREAKING: Democratic congresswoman sold First Republic stock and bought JPMorgan just before bank sale, financial disclosures show.
https://www.cnn.com/2023/05/02/politics/democratic-congresswoman-first-republic-stock/index.html
Rule of thumb:
Politics entered, ethics exited.
Every single government needs it.
They don’t know it yet.
You ask how #Bitcoin can help #Lebanon & what countries can do with it. I see more paths: tax incentives, clear regulations, education, infrastructure, partnerships, legal recognition, R&D, crossborder collaboration, and integrating BTC in social programs.
Tax incentives: Governments can encourage the use of #Bitcoin by offering tax breaks or incentives for businesses and individuals who utilize it for transactions, investments, or other purposes.
Establishing regulatory frameworks: Governments can create clear and supportive regulations for the use of #Bitcoin, enabling businesses and individuals to more confidently engage with the technology.
Educational initiatives: Governments can invest in educational programs to increase public awareness and understanding of #Bitcoin as money and technology, and their potential benefits.
Public infrastructure investment: Governments can invest in and develop the necessary infrastructure for supporting widespread adoption, such as creating public #Bitcoin wallets, improving internet access, and developing user-friendly tools and services.
Collaboration with #Bitcoin companies: Governments can partner with established bitcoin only companies and startups to attract foreign investment, foster innovation, support local talent, and encourage the growth of the sector.
Legal recognition: Governments can recognize #Bitcoin as a legitimate form of property, paving the way for legal protection and enforceable contracts involving BTC.
Incentivizing research and development: Governments can provide funding and incentives for academic institutions, startups, and established companies to conduct research and develop innovative solutions in the #Bitcoin space.
Interoperability and cross-border collaboration: Governments can collaborate with other nations to develop interoperable #Bitcoin systems, fostering international trade, remittances, and cross-border transactions.
Incorporating #Bitcoin into social programs: Governments can consider incorporating Bitcoin into social programs, such as distributing welfare benefits, subsidies, or other financial assistance via digital wallets.
Encouraging institutional investment: Governments can create a conducive environment for institutional investors to enter the #Bitcoin market, promoting market stability and increasing overall adoption.
Hosting industry events and conferences: Governments can actively participate in or host events and conferences focused on #Bitcoin, fostering innovation, networking, and knowledge-sharing within the industry.
Supporting grassroots initiatives: Governments can provide support to grassroots organizations and community-led initiatives that aim to promote financial inclusion, literacy, and access to #Bitcoin.
Fostering public-private partnerships: Governments can create opportunities for public-private partnerships in the #Bitcoin space, leveraging the strengths of both sectors to promote btc L2&L3 adoption and technological advancements.
Piloting #Bitcoin projects: Governments can pilot Bitcoin projects in various sectors, such as energy, logistics, or public services, to demonstrate the technology's potential benefits and encourage adoption.
This showcases #Bitcoin for countries. By adopting a mix of these strategies, we can create a comprehensive framework for adoption, fostering innovation, economic growth, while developing productive economic sectors, for #Lebanon and the world.
Inspired by #[18]
#plebchain
#forthekids
#Nostr
#LabourDay for the plebs is
about the individuals contributing to the success of #Bitcoin :
developers, researchers, miners, electricians, manufacturers, node runners, ISPs, satellites, exchanges, signing devices providers, educators, and more.
To a brighter financial future⚡️ 
Seems Hamas understands #Bitcoin better than official western regulating organisations.
Tick tock next bank.
#Bitcoin 