To cheer up your lovely Sunday afternoon.
Friedrich August von Hayek: "Has monetary policy ever done any good? I don't think so."
We are witnessing the birth of a powerful contender for long-term wealth preservation Bitcoin.
Why is Bitcoin the ultimate savings account?
- Works 24/7
- No counterparty risk.
- No corruption, fraud, or manipulation compared to traditional banks.
What are your favorite benefits? What other advantages should we consider?
Have a nice weekend!
A quick reminder why Bitcoin is the ultimate savings account in a high-inflation world. Fuck 🤡 bet Bitcoin!
https://kiiski.substack.com/p/why-bitcoin-is-the-best-savings-account
GM
Keep your head cool, but don't let your brain freeze over!
Amid the current banking crisis, it's easy to get caught up in the short-term noise. Let them fuckers go tits-up and wonder what the fuck the 🤡 will say next. We retail focus on long-term financial goals. Volatility is just part of the journey. Patience and discipline will win in the long run.
GM
I am stacking sats today!
GM
Have a lovely Saturday <3
GN
Sleeping well, no need to trust anybody.
Bitcoin <3
Clip of the day by Peter Lynch, is packed with timeless wisdom that still holds true today.
https://www.youtube.com/clip/UgkxGr17HEgTkBVBiKoAjvlxUvnODPhSrCZx
- Do your own research.
- Understand where you invest in.
- Be patient.
F&ck the noise, have a long-term perspective and don't get too caught up in short-term fluctuations - Cut the sitting here & guessing type bullshit.
GM
Wrote my morning pages 500-750 words. Just puking it all there and deleting, feels good. Give it a try!
GM
Modern debt slavery:
Success consists of being able to secure evergrowing quantities of debt as you pass through the stages of life: a big college loan that allows you to get into the best paying job, whose salary will allow you a larger loan for a large house and another loan for a car. With more hard work at the company and dedication to its cause, you may succeed in getting and even larger negative balance of fiat for a bigger home and fancier car. Should you succeed even more and start your own business, you do not do it with your own accumulated capital, but rather with a bigger loan. The larger and the more successful the business, the more you are able to borrow. In sum, success in fiat means accumulating larger negative cash balances, and people live their entire lives stacking debt obligations upon themselves.
The Fiat Standard - Saifedean Ammous
Finland - Housing company loans - Ticking bomb - Who gets hurt?
-> The Finnish middle class is 99% in variable rates.
- Continue to lose purchasing power.
-> Currently middle class gets 270-300k mortgage (with 50k savings).
- At the moment, ten houses are listed below 300k... (All in need of massive renovations)
I still believe there won't be a major crash in prices in the short term. Why?
Finns have shown themselves extremely conscientious and are unlikely to abuse the system. We love the system.
Read more here:
https://kiiski.substack.com/p/housing-company-loans-ticking-bomb
Finding out-of-favor stocks
BASF Analysis: An Undervalued Monster?
https://kiiski.substack.com/p/basf-analysis-undervalued-monster
comes with one big risk...
GM
Yeah!! Love it! Have a nice weekend
GM
Is where you want to be in ten years worth ten years of failure?
Is ten years of what you do now worth it at all?