Kaboub was a student of Michael Hudson’s, an economist who every Bitcoiner and every citizen of the world should study

I recommend this podcast for anyone interested in understanding how the United States uses food dependence and energy dependence to export inflation around the world. It uses this to position itself for the extraction of resources and labor from developing countries.

https://realprogressives.org/podcast_episode/episode-214-surfing-the-wayback-machine-2017-with-fadhel-kaboub/

To appreciate MMT, one must first rid himself of any mythical belief that the US’s involvement with developing countries is done out of benevolence

A concise explanation of how the US exports inflation to developing countries.

“The… thing about inflation in developing countries … it’s usually the case of external inflation that’s imported when you import food or fuel or whatever resources a particular country has. So, when you look at most developing countries, you realize that the reason they lose their monetary sovereignty is because they have structural economic issues, structural trade deficit issues. And when you zoom in, in most countries, those tend to be two reasons. One is a deficit related to food imports that just don’t have enough food production domestically.

So, they have to import food on a systemic basis. And number two, it’s energy or fuel trade deficit related.

So, they have to import fuel to fuel their economy. And those are things that, no matter what you do as a central bank, you’re not going to eliminate those structural issues unless, as a country, you start investing in renewable energy so that you don’t have to import fossil fuels anymore. Or you invest in a sustainable agricultural policy so that you have food self-sufficiency.

So, if you have that hole in your trade deficit every single year, if you don’t borrow in a foreign currency, as a developing country, if you don’t borrow in dollars or euros, what’s going to happen is that your exchange rate is going to depreciate. And, then, the next morning or the next month, when you as a country try to import food or fuel, you’re going to import it at a higher price. So, you’ll be importing inflation into your domestic economy.”

Fadhel Kaboub

Sit on the floor and stack sats.

Not ready for a bull run.

Still have chairs.

I miss the days of succinct lectures by people like AA who know the protocol inside and out. Too many people today are selling tribalism and community rather than understanding.

Andreas is the best

The spontaneity of the masses is essential, an absolute priority, but not sufficient in itself. The assistance of a revolutionary minority capable of thinking out the revolution has proved to be necessary to raise mass consciousness.

#bitcoin

“Freedom is the absolute right of every human being to seek no other sanction for his actions but his own conscience, to determine these actions solely by his own will, and consequently to owe his first responsibility to himself alone.”

Daniel Guerin

Anarchism. P. 31

On #bitcoin

A normie gets a paycheck for doing his job all day.

**Proof of work**

A 1%er receives rents for controlling the means of production.

**Proof of stake**

https://www.mintpressnews.com/chris-hedges-ukraines-death-proxy/284020/

This neither serves the world nor Americans. This serves the imperial interests of the banking and corporate classes within the US.

Economic and military manipulation of other countries is designed to destabilize, to extract resources, and to create financial, energy, and food dependence on the US.

It’s tough to be born into a social contract written years ago by the wealthy men of the time, which we can neither read nor consent to.

Laws should have an expiration date, so that future generations don’t have to submit to the decisions we make today.

I love seeing Russian and Chinese posts on Nostr. I have no idea what you’re saying, but I am delighted that you are saying it!

Welcome all 👋

This is what happens when healthcare is taken over by the hospital and insurance industries.

“Monitoring”

Action verbs really inspire confidence

Hey GPT, draw me a legal system wherein all people have equal access to opportunity, where economic rents are disincentivized, where human work can be preserved without theft, where public spending is available for public works but not for private gains by the wealthy, and where basic needs are cared for and the desires of a minority of economic parasites are suppressed.

JS Mill on Bitcoin, I should say.

-On Liberty, 1859

Such is my duty.

“To discover to the world something which deeply concerns it, and of which it was previously ignorant; to prove to it that it had been mistaken on some vital point of temporal or spiritual interest, is as important a service as a human being can render to his fellow-creatures.”

-JS Mill

Imagine the billions or trillions that the banking system extracts from the world in service fees, transfers, interests…all unearned economic rents.

Now scatter them back upon the population… preservation of human labor for those that really produced it.

This is the power of Bitcoin to improve the welfare of the bankers’ debt slaves.