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Matthew Mezinskis
eaef5965fe27824f566ce3eb54f37149ee28e4d88b578678ea020b57511d6b79
Porkopolis Economics original research money and macro | with Crypto Voices podcast | Established 9-Jan-2017 | https://bit.ly/CVdonations

Good morning Europe. Going live with nostr:npub1qh5sal68c8swet6ut0w5evjmj6vnw29x3k967h7atn45unzjyeyq6ceh9r in about 30 mins. Lots to talk about.

nostr:naddr1qvzqqqr4gupzp6h0t9jlufuzfatxeclt2nehzj0w9rjd3z6hseuw5qst2ag366meqqxnzde4xccnywfsxvurjdpjqycm0u

GM. Bitcoin nearly larger than all physical cash money supplies in the world. Only one left to beat is the dollar:

Note, the puck will keep moving, we have a while to go to beat all physical cash together ($9.4 trillion), but we will get there soon enough.

GM, live streaming here, beating that dead horse on power versus exponential growth, including of course stock-to-flow….

https://youtube.com/live/LVQJohUrlx0?feature=share

This is the world's basic money, visualized. After only 15 years, there are four remaining central bank balance sheets larger than #Bitcoin.

2024Q3 Update.

https://v.nostr.build/b72ZqY1erABQSW8h.mov

GM, #Bitcoin is the 6th largest monetary asset in the world.

Finally on nostr.build. Videos should preview better now. Here again is the growth of the monetary base (analogous money supply to #Bitcoin) across the globe…

https://v.nostr.build/sJ3JZ3ZYcibm5igy.mov

Thanks for comments. Brass tacks, for the negative $150 billion a year deficit that Social Security runs each year, that net negative amount is added to the debt.

It doesn’t matter if the Trust Fund existed, or not, what I just said would occur the same each year.

It is true that, technically, the Trust Fund is “off balance sheet” of the Treasury and holds assets, but those assets are just “receivables due” from other branches of government. And the government doesn’t run surpluses, so again, you just get back to creating another $150 billion in debt each year.

And that means, for all those prior surpluses in Social Security since the 1930s, that money is gone, and these new deficits are in fact “taxed twice” in the name of Social Security.

Replying to Avatar EZ

but most clients only display highlighter link instead of rendering the video

you can upload the video to https://nostr.build/ and share the file link (with .mp4 or similar at the end) via Primal or any other short note client - that way it's likely to be seen by more people

Thank you 🙏 Will work on it soon

Good morning, happy Sunday ☀️

Hopefully good now thanks 🙏