In that case the victim is a victim of theft. The crime committed was theft. There is no victim of "money laundering." The money laundering has no impact on the victim of theft because their money is already gone.
Negative real rates have been normalized in the fiat era, but that's possible because fractionally reserved banking means credit creation has zero opportunity cost. So there's no floor on rates, because any nominally positive rate is profitable to a lender who has infinite free credit creation potential.
I'm increasingly convinced that all the distortions of the current monetary system stem from fractionally reserved banking and zero opportunity cost credit creation. It's warped everyone's perception to the point that we can barely understand how a different system would function, because we've lost sight of what money really is and how it works.
I've been playing with the idea that sound money is more like equity, rather than like the credit we use as money today. I think raising capital in a deflationary currency system will be structured with a lot more equity and a lot less debt. Once a deflationary currency has fully monetized, equity will outperform just holding currency as long as the business makes a profit in nominal terms. And that would be the definition of a business that's adding value to the economy. If it can't do that, it's just destroying capital and the equity rightfully should fall to zero.
https://open.substack.com/pub/f0xr/p/money-as-equity?r=3i492j&utm_campaign=post&utm_medium=web
The laws that make us all criminals were written a long time ago. They're so numerous, obscure and incomprehensible that the average American commits 3 felonies a day.
If you think they can't ruin you just because you haven't stolen or committed a violent crime, you're delusional. Just look at Trump.
And if you think they need a law to put an innocent person away forever, you need to read "The Gulag Archipelago." Seriously, everyone needs to read it. It's terrifying and disturbing, not least because the same thing is happening today. Nothing that's happened to Trump or the J6 victims or anyone else facing persecution surprised me after I read about Soviet show trials. It's all repeating, right down to the woke ideas and terminology.
If you're a decent person, you already are...
The difference is, murder is a crime. Money laundering is a "crime."
Have you ever met a money laundering victim? Someone can be a victim of theft, but there are no victims of money laundering.
Arresting someone for money laundering because they developed a private transaction tool is like arresting someone for "aiding and abetting murder" because they manufactured the steak knife a murderer used to cut his steak a week before he committed murder.
Adopting the state's framing is losing the battle before a single shot has been fired. Money laundering is not a crime. Crimes have victims. There are no victims of money laundering.
Absolutely disgusting 🤮. Prison time for a fake and non-existent "crime" while war criminals and traitors occupy the highest offices of government.
The bureaucrats behind these persecutions are the most despicable and disgusting individuals imaginable, and would have been right at home in the SS or KGB shipping innocent people to death in Auschwitz or the gulags on trumped-up political charges.
A moment of silence for everyone trying to educate the public on esoteric money and economy concepts. Best of luck 🫡
I don't repeat key DEI phrases. My response to DEI gobbledygook is much shorter, only two letters. "No."
Maybe that's why I'm not "in", but if so, I'm okay with that. I have no desire to be anywhere close to anything involving DEI, because that's just a local microcosm of Hell.
I have Mutiny connected with Nostr wallet connect, I didn't know I could use it to connect my own lnd node directly. I'll have to do more research on that, thanks
#memes
What's the smoothest and most seamless zap experience?
Using Primal and Amethyst. Primal wallet didn't let me sign up as Larry Fink, so I'd like something non KYC.
I have my own lnd node that's self custodial and always running with Start9. I have it connected to Zeus wallet. I have a minibits wallet for receiving which works okay but sometimes fails for reasons I don't know. I also have Mutiny wallet which I have used for sending, but have had channel closes quite often which is annoying.
Ideally I'd like to come as close as possible to one click zaps without having to leave the Nostr client, and without having to open up another wallet app at all to send. Mutiny is good but when I open it up say once a day to send zaps that I've made throughout the day, it sometimes loads slowly and I never know whether it's finished sending all the zaps or still working on loading them. That plus the force close issue makes for an annoying experience.
For receiving I don't care if I have to open a wallet to finish the process, but I want to be able to open it a week or a month later if I want and still receive the zaps.
Is that doable? #asknostr #questions #zaps #lightning
Absolute facts 🔥
The downside is that the majority will always defer to and blindly follow a small group of "leaders", almost regardless how horrific the consequences. There will never be a grassroots movement towards freedom that STARTS with grassroots majority action.
The upside is that we don't have to convince the masses of NPCs to support and act toward freedom. All it takes is a determined, capable, intransigent minority demanding freedom and refusing to take no for an answer. When that minority removes the rotten corpses of our totalitarian overlords and takes over their leadership role, the majority will fall in line like they always do.
Coming from a different type of culture, it never made sense to me why women go to work to earn the money to pay someone else to take care of their own kids. Now instead of raising your kids and that's it, you have to earn money, pay taxes on it, pay someone else to raise your kids, and then they also pay taxes on that money. And the person taking care of your kids could very well be earning that money to pay someone to take care of her kids. Now the government is taking taxes out of that twice instead of zero times. How does that make any sense?
Asked my accountant about it and he confirmed that most of his clients with 2+ kids would be ahead financially if the wife stayed home and raised them herself, but he can't tell them that because women have to work because "reasons." 🤷🏼♂️
I sold all mine a decade ago because Al Gore said it would be underwater by 2030 smh 🤷🏼♂️
I don't think so...
Engineers care about how things work. When you start learning about the debt/fiat monetary system and how it "works", the immediate reaction is "this whole thing is diabolical and insane, there must be a better way."
Has anyone read "Bullshit Jobs" by David Graeber?
I remember reading it a few years back and being so impressed by the research and data in the first few chapters. He goes into detail with lots of anecdotes about how many of the jobs today are complete bullshit and provide no value to anyone. He even points out how there's often an inverse correlation between how worthwhile a job is and how well it pays.
Then instead of asking the obvious question, how government and corporations can afford to pay millions of people to do nothing productive, he went full retard and blamed everything on "capitalism" 🤯🤔. What a disappointment. He had all the evidence to point directly to the monetary and banking distortions of economic forces, and instead he ended with a Marxist delusion of UBI and central planning where somehow everyone will magically become more productive through less incentive and we'll all sing kumbaya and become nuclear physicists and brilliant poets in our spare time after working 4 hours per week and somehow maintaining civilization with robots and AI.
Excellent book, but someone really needs to take his data and draw conclusions based on a real understanding of economics and the monetary system. It's just depressing how someone can get the data so right, and the causes and solutions so wrong.
I'm grateful to be able to say that I never wore a single one of those blue cuck symbols.
