Pakistani rupee hits record low amid IMF bailout delay
Source:
https://www.aljazeera.com/economy/2023/3/2/pakistani-rupee-hits-record-low-amid-wait-for-imf-fund
#plebchain #babechain #plebs #zap #news #economy #goverment #federal #pakistan #money #biden #imf
The IMF looking for its next opportunity to strong arm vulnerable countries into privatizing public industry and selling off public resources. All for the good of… the United States and it’s enabling Supercurrency
Hey Government, you hate BTC because you’re so environmentally conscious?
“The US Department of Defense consumes more petroleum than any institution in the world.”
https://www.them.us/story/protecting-the-planet-requires-ending-us-imperialism
"The greatest threat looming over our planet, the hegemonistic pretentions of the American Empire are placing at risk the very survival of the human species. We continue to warn you about this danger, and we appeal to the people of the United States and the world to halt this threat, which is like a sword hanging over our heads."
–Hugo Chavez
I feel like I missed something. 🤔 A lot of zapping going on right now when I picked up my phone
An important thing to consider with bitcoin adoption is how a deflationary currency disincentivizes consumption, and encourages the demonetization of the extraneous in our lives. Bitcoin is consistent with a steady state economy that selects for elevated quality of life over unsustainable expansion.
“For sustainability with justice, moral and ethical considerations demand that wealthy consumers, those mainly responsible for eco-overshoot, bear the brunt of material cutbacks.”
William Rees
I think people get caught up on technical characteristics and reserve currency conversations. This is probably because many of us are all rich white guys, and tech and preservation of wealth is what is likely to interest us.
But Bitcoin is not just a technology. It is a means of communicating value over time and space, in a way that has never before been possible. The reason it is exciting is not because we can secure our progeny 1000 years from now, nor because we can prove to each other that it can never be changed. It is exciting because the majority of the world is unable to store work-value in a form that cannot be confiscated or inflated away, is unable to send value without fees, is unable to share value without permission, and is unable to relocate without landing, destitute and poor, on the other side of a border.
Bitcoin is not for us. As beneficiaries of US hegemony, our system isn’t all that bad right now. Our banking system exports trillions in debt all over the world in exchange for natural resources and labor. The recipients of debt…IOU’s that cannot be repaid with any goods…are the sad externalities of a system with a set of characteristics that Bitcoin solves.
Things are transformed one into another according to necessity, and render justice to one another according to the order of time.
~ Anaximander
Evidently this is the only thing that we know that Anaximander actually said. Everything else we know was said about him
Inflation is 15%.
This keeps you in the fiat mines, grinding out day after day to make up that lost buying power.
The work detracts from your ability to read, to care for your family, to think, to engage with the arts. It makes you bitter, and then you die having lived less of your life.
The extra work feeds the FIRE industry who bleed humanity. Parasites on a social system meant to support the people.
Preserve your effort.
#Bitcoin
“The objective of finance capitalism is to make economies high cost, to raise the cost every year. That is actually the explicit policy of the federal reserve—to turn over the central planning to the financial system, to inflate the cost of housing with government guaranteed mortgages… to the point of absorbing 43% of the borrower’s income.”
-Michael Hudson
13th Amendment to the Constitution:
“Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States”
Where does the average 30 year old’s daily wage go?
43% Housing/Rent
10% Insurance
20% Debt service
Doesn’t leave a lot for production, saving, building a family, food, or study.
A Bitcoiner’s duty to the world is to elicit objections, and then to provide concise, logical, and courteous rebuttal that informs rather than persuades.
The evolution of cryptocurrency is backwards. A problem was solved, and then the characteristics that allowed Bitcoin to solve those problems were rolled back one by one, because they allowed one person to market them, another to make more money, another to claim faster exchange, another to claim environmental friendliness. But the characteristics that are withdrawn in each iteration of coins denies an important characteristic that solved the problem in the first place. And just like the transition from gold-deposit certificates to bank IOU’s to bearer bonds to fictitious numbers on a screen…. So have cryptocurrencies become more and more like the fiat they (It) was meant to solve.
#Bitcoin
Ever since I read Rachel Carson’s “Silent Spring,” I embrace the weeds in my yard. My herbicide sits entombed in my garage where it is least likely to affect the living world around me.
Weeds get in the way of capital. Journalists get in the way of capital.
Human rights get in the way of capital.
Plebs get in the way of capital.
This is a worthwhile book that describes some of the mechanisms of US corporation-driven hegemony.
One step further to explore is Noam Chomsky’s “Hegemony or Survival,” wherein the pervasiveness of this system across all spheres of foreign policy is elucidated.
An ideology is not an idea to like or hate or defend or vilify. It is a set of ideas, which should each be open to your critical evaluation. To vilify the whole set is to limit your understanding of all associated ideas. This doesn’t serve you; this serves those who find the those ideas to be threatening.
The only way to successfully evaluate ideas about social structure is to evaluate them on their individual merits. The temptation is to allow our ruling class to bundle them together and package them with a term that they then convince us is bad.
In this way, many of the important liberating philosophies of past social movements are stolen from us using our own cognitive bias and tendency to ad hominem reasoning and the appeal to the masses fallacy.