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Fred Johnston
c0587dad09e3efae0ec93036aaa0d70658ce9053ee1359edf1763869e6a50e67
Dad of 5. Retired EE Electric Utility Industry. TSLA. Solar. Covid 1984. Arial Speakers. Lake of the Ozarks. ⚡Bitcoin

If you are an individual that is not selling anything, no information, podcast - just a person living in the world - please reply so I can follow you.

All the 'influencers' looking for attention - I love you - but we need more communication among ourselves - just people livin' and, dare I say, trying to escape the rat race!

Been around #Bitcoin since 2016. Watching the news rarely between then and now.

Flipped on the news the last couple days - Bitcoin talk.

NONE of these people have a CLUE WHAT IS GOING on!

TURN OFF THE NEWS. Podcasts. Books on Tapes (or reading books).

TUNE OUT THE NOISE!

Buy Bitcoin daily (NOT the ETF). Move to cold storage every few grand. HODL 5+, preferably 10+ years.

While you wait, develop skills, products, services people truly need/want so you can earn more Bitcoin when we are on a Bitcoin standard in a decade or two.

Escape you JOB. You can!

It's nearly impossible to have a discussion with someone about #Bitcoin who is not 'tuned in' to the BASIC US$ problem.

You will always appear to be fear mongering or a conspiracy theorist because it's NOT mainstream thinking.

It's like looking at your neighbor buying new cars, boats, RV's - not understanding they have mortgaged everything. They are actually poor, unhappy, even though they appear to be having fun and living the dream.

DON'T be fooled. My first book that truly captured my attention was "The Bitcoin Standard" by Saifedean Ammous. But buy the whole set of books from The Saifhouse publishing site - support the smaller publishers!

https://thesaifhouse.com/

I'm not sure Biden knows where he is or what he is doing. BUT, the people behind the scenes are waking up a LOT of people - IMO.

Still not enough. But I sure hate to see America lose it's beacon of light. Biden really was the 'perfect' POTUS if you believe in the turnings (read the book, "The 4th Turning" - or the newer version, "The Fourth Turning Is Here: What the Seasons of History Tell Us About How and When This Crisis Will End"

The unknown question is: Will enough wake up?

Many empires have just collapsed under the institutional weight of Government. Most actually. But we have #Bitcoin this time - let's see how it pans out.

When you look at innovation in USA, it's still there - so we have a shot! We still have a LOT of capital/assets too.

But it's not going to happen with people like Biden/Warren/McConnell types. Probably not Trump either but maybe he reduces Gov by cleaning house - it's a hope anyway.

BTW - BOTH PARTIES have spent like drunken sailors in a whore house after 6 months as sea creating the inflation. Both super gross for humanity.

OH - I gotcha.

Yeah, Jack is WAY over the top.

I'm 61 and appreciate Jack's perspective. But I can't do that. I'm too old to recover so I have Bitcoin, Stocks, Silver, Gold (in that order of assets). We also spend a lot of money traveling and w/family spread out everywhere (we have 5 kids).

I started a company in the 90's. I was working an Engineering job and then coming home and working until 1am most nights - and honestly all weekend. I did this for 3 YEARS before I was able to quit my job.

I see Bitcoin to they young (which I was) the SAME as I saw my company back then. It was such a great opportunity I HAD to work as many hours as physically possible to make it happen. There are a hand full of people I know that would do that - because they won't become 'unbalanced' enough to fight for that dream.

Jack is fighting for that dream.

Bitcoin is freedom, but freedom is not necessary free. Just HODING #Bitcoin for a decade is VERY HARD. Requires massive reading and some instant pain along the way that will test any human.

I think some Bitcoiners see it as the easy path. Which it is, if you can endure the pain and have massive patience!

100% agree Jack's message won't resonate with most! But hope this helps clarify his position! I wish a HUGE dream on everyone!

How about DCA daily (NOT the ETF)? HODL 5+ years, preferably 10+. Enjoy.

KISS

If you want to cut your DCA down during highs, that's fine. And if #Bitcoin drops 30% or more double up your DCA.

Others should do what you are doing Ben - learn a skill that others really value (wine) so they can EARN Bitcoin in the future!

Replying to Avatar Rajat Soni, CFA

Why would sovereign nations want to hold US government debt if they know they will be repaid in devalued dollars?

#Bitcoin    is a much better solution for long-term savings.

Example:

If you hold $100 billion of US debt for 30 years, you'll be paid back in dollars that are worth SIGNIFICANTLY less. You'll get interest payments along the way.

Right now, 30-year Treasury rates are around 4.34%. If the money supply is inflated by 7% on average over that time (this number has historically been much higher - it keeps up with the S&P 500), the bondholder would lose ~2.7% to inflation per year!

In 30 years, at maturity, the bondholder would receive $100 billion (in nominal terms). The holder would also receive ~$130 billion in annual interest payments throughout the 30 years.

The $100 billion payout has a present value of $11.3 billion. The interest payments have a present value of $51.1 billion, so the bond is actually worth only $62.4 billion in present value terms.

The bondholder would have LOST ~$37.6 BILLION by saving in US treasuries.

Why would you pay $100B for something worth only $62.4B?

If the investor put 5% of their portfolio in Bitcoin - $5 Billion in Bitcoin and 95 billion in bonds - their portfolio would perform SIGNIFICANTLY better.

Bitcoin has historically returned 100%+/year, but let's be conservative and say it will return 20%/year for the next 30 years.

The 5% allocation would be worth $1.19 trillion. The portfolio would be worth almost $1.8 trillion.

Instead of taking a compounded -1.5% annually (a 1.5% loss),

The portfolio would have returned 10.1% annually (a 10.1% gain).

This seem logical. But how many people get up and go to a job they HATE every day - and never change?

Answer: Most people.

They are the same accountants, tax lawyers, and corporate people managing billions doing the same thing that worked YESTERDAY, today.

And there is little/no reason for them to change.

Per Green Astronaut replly, "Democracy is the problem..." we don't have a democracy - if we did about 60% of companies would be out of business and the large corporate structures would collapse as smaller more efficient companies displaced them.

As we can see, that's not happening - we don't live in a democracy - none of the West does. Democracy is the solution.

We don't need to eliminate fiat to have #Bitcoin control the money printer.

The more fiat governments print/give away, the faster the productive/real money will race to Bitcoin. The money printer must slow.

Still looking forward to living in the Bitcoin standard in 10-20 years (I'm 61)!

“#Bitcoin is a worldwide problem," says 🇮🇸 Iceland Prime Minister Katrín Jakobsdóttir.

Actually - Bitcoin is a problem for Elites and Politicians that have been stealing money for DECADES from the working class.

Buy #Bitcoin and save forever. https://youtube.com/shorts/R3F_CAGibJg?si=UV_ICORJMJlSmfAn

You don't need to move to the sticks.

We live in Marion, IA - it's not the most cultural city but there is a theater, kids (20-30s) hang out downtown on weekends, plenty of trails and parks, etc...

There are 1000's of cities like this. Isolated from the BS.

There are lots of options - but these great options won't jump out at your - seek them out.

We are in Reno, NV for a couple months. I have seen several Cybertrucks.

I'm not going to say it's 'sexy' - but it's growing on me. I will have one when standard road tire version is available - regardless of how it looks. Get inside this truck - learn the functionality, and the space for travel is, well, a pickup with backseat. Boom.

You don't need to move out of the USA, you need to find areas in the USA that are not poison/woke.

At the base layer, America still has massive resources, state rule of law, aged but functional infrastructure. Except for the issues with Trump right now, the rule of law is still holding on (but by a thread).

And there is a peaceful revolution going on too - that most don't see. Check out the school choice movement. And things like "Convention of the States" -

Look at most other countries and their track record.

Where will you go?

It's not time to leave the USA. Not yet anyway.

Don't save in US$. Save in Bitcoin (at LEAST 5+ years).

Everyone can save in Bitcoin. It does not matter what currency you get paid.

Buy #Bitcoin daily (NOT the ETF). Move to cold storage every few grand. HODL 5+ years, preferably 10+. Enjoy.

Be SURE you have SKILLS that are truly valuable to others. What do people WANT/NEED. 60% of college degrees are worthless - sorry, you got duped if you are not in a tech field. Learn something new.

If you do NOT have the ability to get new skills (and everyone does) a great attitude and a great smile can earn you $200+ per weekend nice waiting tables at a NICE restaurant. Take that $400/week and buy Bitcoin. Dream BIG.

I LOVE the idea that Politicians, the Fed, and PhD economist are not even thinking about thinking about #Bitcoin yet.

Such massive Opportunity. Bitcoin is repricing everything and the smartest people you think are smart are last to the game!

100%. After reading Alex Gladsteens book, "Hidden Repression" you will deep dive on the US$ system. It's a tool more than a currency. An amazing tool to maintain power and control.

I don't know if you learn the rules/system you will win, but you definitely have a WAY better opportunity to take advantage of the corrupt system. This is how Senators and Congressman that get elected with almost no net worth, end up leaving with $50-$100+ MILLION in net worth - on a salary of less than $200K.

I'm a retired engineer and made good money - as I look back now I realize my PERCEPTION of good money was what the 'industry' established to keep most in my profession happy - not the value added. That's it. It's not a free market as I thought. Has nothing to do with WORK in for PAY out.

It took retiring and reading dozen of books to understand. Now I see the robots in the work force (people) that don't understand the fiat game with rules - and until we break the US$ slave system, very few will see it. Buy #Bitcoin

Said another way, "You will be most happy focusing on others, not yourself."

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Have you been there? Or are you basing your decision on a fake election in Russia based on what you hear in the news?

I'm not suggesting Russia is a democracy, but I'm also here to tell you neither is the USA.

So then you have to decide who is moving TOWARDS democracy and who is moving AWAY from democracy.

Pretty wild the USA 'democracy' is supporting and supplying WEAPONS to the country that cancelled their elections. 🤔

Use a VPN and leave the state off (or put in whatever you want).

The state is protecting you from yourself and freedom of thought - Welcome to New York!