My butcher just FaceTime me to show me my hanged piece was getting sliced and packed 😂😂

Execute Order 66

#[0]

*REGULATORS RECEIVED SVB BID BUT ALLOWED IT TO FAIL: HAGERTY

QE 5 has begun

#[1] killing it on Twitter spaces 🤙

Today I’m officially 52 years old and the world seems so broken. Inflation, fiat, bank runs, bailouts for corporations, divisiveness, a rigged system, I could go on and on BUT there is also you. Those who have helped me wake up from the matrix. Those who have made me laugh until my sides hurt. Those who have taught me bitcoin, economics, history, government, and monetary policy, and those who have schooled me on seed oils, sunlight, health and beef. You are internet strangers who have become my friends and family.

Today on my birthday I choose to stay aware of the dark, but embrace the light which is you who have become my tribe. Call me annoying, corny, whatever you want, but what an astonishing gift you are to me. 💜🧡

I read “The Sovereign Individual”, I thought, “my God they predicted the future”.

Getting the exact same vibes from “The Creature From Jekyll Island”

Those who do not learn history are doomed to repeat it.

👇👇👇

The Creature From Jekyll Island Chapter 2 Summary

THE NAME OF THE GAME IS BAILOUT

SUMMARY

Although national monetary events may appear mysterious and chaotic, they are governed by well-established rules which bankers and politicians rigidly follow. The central fact to understanding these events is that all the money in the banking system has been created out of nothing through the process of making loans. A defaulted loan, therefore, costs the bank little of tangible value, but it shows up on the ledger as a reduction in assets without a corresponding reduction in liabilities. If the bad loans exceed the size of the assets, the bank becomes technically insolvent and must close its doors. The first rule of survival, therefore, is to avoid writing off large, bad loans and, if possible, to at least continue receiving interest payments on them. To accomplish that, the endangered loans are rolled over and increased in size. This provides the borrower with money to continue paying interest plus fresh funds for new spending. The basic problem is not solved, but it is postponed for a little while and made worse.

The final solution on behalf of the banking cartel is to have the federal government guarantee payment of the loan should the borrower default in the future. This is accomplished by convincing Congress that not to do so would result in great damage to the economy and hardship for the people. From that point forward, the burden of the loan is removed from the bank's ledger and transferred to the taxpayer. Should this effort fail and the bank be forced into insolvency, the last resort is to use the FDIC to pay off the depositors. The FDIC is not insurance, because the presence of "moral hazard" makes the thing it supposedly protects against more likely to happen. A portion of the FDIC funds is derived from assessments against the banks. Ultimately, however, they are paid by the depositors themselves. When these funds run out, the balance is provided by the Federal Reserve System in the form of freshly created new money. This floods through the economy causing the appearance of rising prices but which, in reality, is the lowering of the value of the dollar. The final cost of the bailout, therefore, is passed to the public in the form of a hidden tax called inflation.

So much for the rules of the game.

Those institutional trades are powering consumer trading. This could seriously impact Bitcoin's liquidity premium and drive the price down if alternatives are not quickly developed.

That parody guy Rudy Havenstein who is always making fun of central banks and corruption and the military industry complex is suspended from Twitter again.

Is he on Nostr? If not he should be.

At least he still has his Substack.

Somebody playing shenanigans with my relay today. 🤨