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"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford

Did not see this one coming but I'm here for it. LFG

https://fountain.fm/episode/bhD0jlhYb5goXLbsFwKO

That purple line at the bottom that's down 63% in gold terms since 2022? That's the "safe" global reserve asset, US Treasury bonds.

The US stole $300 billion of Russia's Treasury Reserves. But since then, their $130 billion in gold reserves have almost doubled in price, gaining over a third of the value stolen by the US.

You don't think the rest of the world, especially China and the ME, noticed?

And you don't think anyone noticed that the only asset that actually outperformed gold happens to be the only asset that has BETTER neutral reserve asset properties than gold?

As nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhkummnw3ezumtpd35kutn0dekqz9rhwden5te0dehhxarjwdshganp9ehx2aqkrad8w always says, nothing stops this train. Buckle up.

nostr:nprofile1qqs9xtvrphl7p8qnua0gk9zusft33lqjkqqr7cwkr6g8wusu0lle8jcpp3mhxue69uhkyunz9e5k7qg4waehxw309ajkgetw9ehx7um5wghxcctwvsrrnrxl I'm having an ongoing bug with the android app. When I view feeds in the explore tab, I can scroll through the list of notes or long-form reads, but I can't open them. I can open the menu and copy the note ID etc, but I have to go back to the home tab and do a search to actually open the note or read.

This is the most important Bitcoin chart in the world.

I don't have enough insight into this to give a great answer, but in general the Amish use more home remedies and alternative medicine than the average American. But they're not opposed to doctors and hospitals when needed, that's always an individual choice.

They do both home births and hospital births, but I couldn't say how the percentage breaks down. My sense is that home births are less than half in the more progressive Amish communities, and more than half in the more conservative communities. But I don't have any good data to back that up.

I'd say it's similar to childhood vaccinations, where I often hear the claim that "the Amish don't vaccinate their children, that's why they don't have x problem." But that's simply false, many do vaccinate. Again, it's the parents' choice whether to do so or not.

You can't park money "in" assets, that's an economics myth. If you buy an asset, the money doesn't go "into" the asset, it goes into the bank account of the person selling the asset to you. They can either hold it in their bank account and get inflated away, or immediately turn around and spend it to buy something, which starts the same cycle over again.

Without understanding that about the way money works, it's impossible to understand why asset prices move or why price inflation happens.

When the money stops working, everything stops working. Unfortunately I doubt more than 0.001% of people even understand vaguely what money is and how and why it works, so the odds that they'll differentiate between functional money and defective money at a philosophical level is nil. That's why number go up technology is the only hope for Bitcoin adoption.

nostr:nevent1qvzqqqpxfgpzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshsqg9mm9rxjwqe0d70yd6jvx53yxuud6wkmxs8a5xxdh8ftesnwqka8chl7av9 nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqq247t2dvet9q4tsg4qng36lxe6kc4nftayyy89kua2

This is why the dollar can inflate away year after year, yet the world just keeps using dollars. It will keep "working" until it doesn't.

nostr:nevent1qvzqqqpxfgpzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qy08wumn8ghj7mn0wd68yttsw43zuam9d3kx7unyv4ezumn9wshsqgr9jcjm3llyrsq788xjhfkjf8cr263j7cg200t5tx6mrhg66yrhtunaxxcv nostr:naddr1qvzqqqr4gupzp0rve5f6xtu56djkfkkg7ktr5rtfckpun95rgxaa7futy86npx8yqqgxc6t3w45kg6t50ykhvmmjw3jhs47fz4j

You mentioned the idea of Bitcoin as shared equity in this episode. It's not the first time you've mentioned it. The first time I heard it, it helped me solidify an idea I'd been playing with for a while.

I think I can explain what you're referring to, and why you can feel it within the Bitcoin ecosystem. The fact is, it's a really fundamental concept not just to Bitcoin, but to understanding what money in general is, and why it works.

Money is, or should be, equity in civilization. That's a seismic shift from money being debt, the way the current system functions, and it isn't a concept I've heard anyone else explain.

I wrote an article referencing the first time I heard you express this concept on Citadel Dispatch, and it's basically the conclusion to my series of articles on money and how it functions. If you wrap your head around the concept, it will fundamentally change the way you understand the world, and give some insight into how radically different things might look under a Bitcoin-based monetary system.

https://primal.net/a/naddr1qqty6mmwv4uj6stn94zhzatfw3uj6v3ew35kwagzyz7xengn5vhef5m9vndv3avk8gxkn3vrextgxsdmmunckg04xzvwgqcyqqq823cdagp44

You mentioned the idea of Bitcoin as shared equity in this episode. It's not the first time you've mentioned it. The first time I heard it, it helped me solidify an idea I'd been playing with for a while.

I think I can explain what you're referring to, and why you can feel it within the Bitcoin ecosystem. The fact is, it's a really fundamental concept not just to Bitcoin, but to understanding what money in general is, and why it works.

Money is, or should be, equity in civilization. That's a seismic shift from money being debt, the way the current system functions, and it isn't a concept I've heard anyone else explain.

I wrote an article referencing the first time I heard you express this concept on Citadel Dispatch, and it's basically the conclusion to my series of articles on money and how it functions. If you wrap your head around the concept, it will fundamentally change the way you understand the world, and give some insight into how radically different things might look under a Bitcoin-based monetary system.

naddr1qqty6mmwv4uj6stn94zhzatfw3uj6v3ew35kwagzyz7xengn5vhef5m9vndv3avk8gxkn3vrextgxsdmmunckg04xzvwgqcyqqq823cdagp44

https://m.youtube.com/watch?v=ci_qFIyMyns&t=5211s

nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle must be reading my Substack 😂.

Great episode!

https://www.f0xr.com/p/money-flows-arent-important

Replying to Avatar Lyn Alden

People often assume that whoever their god is, that it is standing with them specifically. In the US, they often separate this view along party lines.

Conservatives to some extent imagine Jesus standing with them on the border with a rifle protecting Christendom against anarchy. Even if many of those immigrants are ::checks notes:: also Christians. If a "woke" bishop calls for compassion on immigrants and is not a fan of the twice-divorced President who can't name his favorite bible chapter and forgot to put his hand on the bible when being sworn in, she's somehow the baddie rather than him, even among Christians.

Progressives to some extent imagine Jesus walking around in Gaza or Haiti or Sudan attending to the least advantaged among us. He shuns the empire and tends to them. And yet, while Jesus called for pacifism and was a rhetorical saint among chill speakers, many of them find a way to mentally turn extremists into heroes. Anything the underdog society does against the dominant society is justified. Even if it's violent toward civilians. In our media rebels are cool, but in reality they often like to kill the gays or the civilians, so it gets awkward pretty fast rather than being like the cool Star Wars rebels vs the Empire.

I find myself in a weird camp that almost nobody is onboard with.

I'm like, "Yes, we actually need to secure our borders. We need to be more scrutinizing for our society's sake. We need slower, higher-end immigration. And we actually need to enforce the rule of law for theft on the streets."

But also,

"No, I don't think Jesus of Nazareth as depicted in text would be onboard with this border view. He'd view us like Rome. Let's not re-imagine him as onboard with this. We're rooting for ourselves; he'd root for the underdogs."

I'm too woke for the conservatives and too based for the progressives.

The US was involved with multiple coups in Latin America. We ran the reserve currency and tried to bend them to our will with their dollar-denominated debt 40 years ago by spiking the value of that debt. Some of them went into retarded socialism and rekt themselves throughout that time period too; it's not all our fault. But it's some of our fault.

And then we militarily entered the Middle East. We made deals with them, funded them against the Soviets, and then turned against them. We've invaded them at like a 100:1 ratio vs them invading us with one major incidence (9/11). And as much as I am a fan of Jews as a people (as someone who grew up in Northeastern USA where Jews are relatively dense, I'd happily have them settle all around here), Israel is a state is colonial; our western powers displaced Gazans to make it and have been fighting that reality ever since.

We're Rome. And like Rome, we think we are justified. And along those lines, we're probably partially right, and probably partially wrong.

When you take a view, imagine every possible view opposing it.

And as the US dominates as neo-Rome, I think we will realize how distant we are from Jesus the hippie.

Jesus: "My kingdom is not of this world."

That's why true disciples of Jesus aren't involving themselves in politics. It's not our kingdom, we're just strangers and pilgrims in this world.

Learn to flip burgers 🤷🏼‍♂️

nostr:note10mjuxfwg3g7vp05uhlryeyqskuph7gk3f8cr7zy9a656spt2jq5qkd0m0s

already am, but I can always add a table

Replying to Avatar Mandrik

I'm not religious. There is no combination of words in the English language that you can use to convince me otherwise.

Sometimes, though, I wish there was. To admit anything else would be a lie.

Christianity is on the rise amongst bitcoiners, and I sometimes think of my own experiences with religion because of this.

I grew up in America with the Greek Orthodox church. I was an alter boy, and I went to Greek school after normal school. We were taught Greek culture, religious topics, language, etc.

The church was my social center. More than that, it was an aesthetically pleasing place.

The Byzantine iconography. The smells of incense. The feel of the pews. The beautiful hymns chanted in Greek. The taste of the Eucharist.

As a youth & young adult, the divine liturgy was an experience for the senses. I wanted to believe. The idea of a greater power watching over us is very powerful. It gives a man purpose.

Alas, I could not believe. I do not believe. It's not me.

True believers show up every Sunday, but there are also the ones present for the social aspects. It's what they grew up with. They go through the motions, live their lives as decent humans, but are likely too afraid to confront their beliefs.

I couldn't respect myself if I did this. I can't be inauthentic to myself and to the true believers in attendance.

Being honest with myself meant leaving the church. It was like denouncing the club, removing myself from a social circle that was the foundation for much of my life.

It left a space that I've done my best to fill.

I think the world would be a better place if everyone lived by the general teachings of Jesus. If we were kind to others. Love your neighbor, forgive people, and all that. This is decent human behavior.

I try to live my life this way, but it is not easy.

This post isn't a cry for help. Deep down, I'm not trying to be convinced. Much like my journey with the carnivore diet, and diet in general, only my own experiences will convince me. I remain unconvinced.

I'm glad some of you are true believers, and I wish you peace and happiness on your spiritual journies. 🧡

"I think the world would be a better place if everyone lived by the general teachings of Jesus."

Although you may not see it, the answer is right there. You can't exist in the world without assuming good and evil. What is truth, if not that which leads toward the good?

Learn to weld 🤣

One of my relatives has a handful of plants in zone 7b, they're at least 20 years old. Very prolific, delicious fruit. The fruit all ripens basically together in the fall, maybe a few weeks to a month window.

I can try to answer any questions, or put you in contact with him if you'd like.

There's a word for the system where someone else takes all the output of your labor, but claims that it's right and good for them to do so because in return they give you everything you need to survive for "free".

The word is slavery.

Are you cool with that? Or are you doing something to change it?

nostr:note1nj7g65ku2p6juajtkzp7mhjch84x39a4n9lkahansgqzu4f0q6eqcsh398

"There are a lot of large actors in the Bitcoin ecosystem now that are pushing the idea that Bitcoin is only an asset. That is not true. Bitcoin is a currency, it directly competes with the dollar, and it can be used in a peer-to-peer manner that completely disintermediates the banks. It also removes the ability to censor and surveil transactions if you know what you're doing. "

nostr:note19cpvruq3utekjdp3u5h38ucen6tq3hprujpf0xqmxyhnzw845drsc5mele

I wrote this article on Substack about a year ago. It was inspired by a comment nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx made on the nostr:npub10atn74wcwh8gahzj3m0cy22fl54tn7wxtkg55spz2e3mpf5hhcrs4602w3 podcast.

I believe my way of understanding money is slightly different than anything I've heard or read elsewhere. Most of the really insightful monetary philosophers I've learned from are here on Nostr, and I'd love if any of them would be willing to take the time to read it and give me their 2 sats. So if anyone has a line to nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak nostr:npub1w69ya7xs697hk3hky3gllryz8rwverfa0ylz89chf9qnhfcskc2s64zltw nostr:npub1jt97tpsul3fp8hvf7zn0vzzysmu9umcrel4hpgflg4vnsytyxwuqt8la9y nostr:npub10vlhsqm4qar0g42p8g3plqyktmktd8hnprew45w638xzezgja95qapsp42 and any other Bitcoin economists you know, I'd be honored if they took the time to check it out and give me some criticism. Constructive or otherwise is fine, I won't be offended either way. I'm no economist, just a guy who likes Bitcoin and figuring out how things work.

https://www.f0xr.com/p/money-as-equity