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Alan
abitspicy@getalby.com
npub1qkr8...seex
Bitcoin evangelist in the Upper Midwest who loves the heat. Peace * Prosperity * Freedom
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ABitSpicy 3 months ago
Thomas Sowell is a wise individual. However, his view point (like the one below) is too radical for mainstream education machine that you will seldom hear his name mentioned inside the walls of government run schools. image
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ABitSpicy 3 months ago
PSA, or just some light humor for a Friday afternoon, depending on your state of mind. 😆 image
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ABitSpicy 3 months ago
It’s here! Biometric data now tied to being able to transact in the economy. TL;DR - #Visa inked a deal with Tech5, an AI company that specializes in biometric data. Your biometric data will now be tied to using the #Visa payment network for purchases. As stated by both Visa and Tech5, this fulfills the "evolving needs of governments and institutions seeking secure and inclusive digital infrastructure”. Don’t want to get the next experimental shot? No gas, groceries, etc until you comply. Did you use hate speech in one of your social media posts? (FYI - hate speech is a word invented by government to silence dissent) No debit/credit care usage for you until you complete your re-education course. Of course this is not how this harvesting of human data will marketed; it will be marketed as “for your safety” and to “prevent fraud”. As this article concludes, "If this sounds like a financial hellscape, it’s because it is. All we can say is this: long live #Bitcoin".
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ABitSpicy 3 months ago
Great article by Ryan McMaken of the Mises Institute. A few key points from the article: * During August, the federal government paid out $111 billion in interest on federal debt. That’s more than the federal government paid to the Department of Defense ($78 billion) and only $32 billion less than what the federal government spent on Social Security. * All this is partly why the White House is so desperate to pressure the FOMC and the Federal Reserve into cutting the target policy interest rate at the FOMC’s meeting next week. The US Treasury faces a challenge of refinancing more than $9 trillion in US debt during the next year. * There’s a big downside here for regular people. If the Fed starts forcing down interest rates further, that will require the Fed to buy assets with newly created money and that means more monetary inflation. That’s likely to translate into both consumer price inflation (i.e., food, energy, healthcare, insurance) and asset price inflation (i.e., home prices) * No country has ever taxed itself in prosperity. Read the entire article 👇 https://mises.org/mises-wire/federal-deficit-surges-again-trump-spending-accelerates
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ABitSpicy 3 months ago
How much does one need to retire comfortably? According to information by @Swan Bitcoin, and per Northwestern Mutual’s 2025 study, the answer is: $1.26 Million! What's more frightening is how inflation (spoiler alert: more inflation is coming soon) erodes our purchasing power. According to the information below, Americans who retired in 2000 with $1 Million would need almost $2 Million today (25 years later) to maintain the same purchasing power. Let this sink in for a moment, in a short period of 25 years, the government has reduced (stolen) your purchasing power by 50% via it's monetary policy! A couple questions everyone should be asking themself right now: 1 - If the best and the brightest are in charge of our country's monetary policy (The Fed), why are we loosing 50% of our purchasing power in 25 years? A) Maybe they really are not that smart. B) They are really smart, but through manipulation and a corrupt system they are not working in our best interest. C) The government mandated currency (USD) is not tied to any hard asset and can be printed at will (Money printer go brrrr). 2 - How can we stop the erosion of our purchasing power? A) Run faster on the hamster wheel and try to make more money to win the inflation race? B) Save in a hard asset, one the government cannot print at will. C) Buy a lottery ticket daily and hope you're one of 292,201,338 (actual PowerBall odds) to hit the jackpot. If you're interested in the only real solution, investing in a hard asset that the government cannot print, check out @Swan Bitcoin at the link below to take control of your future and to start your #Bitcoin journey.
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ABitSpicy 3 months ago
What I find most interesting in this article is the change of prices from 1971 to today. According to the article, the average hourly wage in 1971 was $3.53. It’s now $31.46, up 8.9 times. However, the cost for an engineering degree at the University of Illinois has gone up 64 times in the same time span. And, as the author points out, the value of a college degree was worth more back in 1971 than it is today.
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ABitSpicy 3 months ago
Good morning! Here's something to ponder as you enjoy your morning coffee ☕ image
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ABitSpicy 3 months ago
I love this sentence by @Lawrence Lepard in The Big Print: "The Federal Reserve has one extraordinary power that is unique to it alone; it enables the creation of money out of thin air". If you have not read this book yet, I highly recommend it.
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ABitSpicy 9 months ago
Just finished reading "The Comfort Crisis" by Michael Easter. Great book about how the comforts of modern day life have removed us from the hardy and resilient lifestyle of our ancestors. While this tradeoff has benefits, like being able to live in climate controlled comfort 365 days of the year, it also has consequences, like a rise in chronic disease, obesity, and declining mental health. The author weaves together a story about his personal experience elk hunting in Alaska with research from professionals in a variety of fields to bring the ready on an exciting journey explaining the comfort crisis, while also providing solutions on how we can bring back some discomfort into our lives. You can find out more about the book here:
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ABitSpicy 11 months ago
If you have not seen this amazing video by @SatmoJoe , I highly recommend you watch it. It's 39 minutes long, but you'll walk away with a solid understanding of why everything costs more today than just a few years ago (spoiler alert: it's not the result of greedy business owners as we've been told). I recommend watching it in one sitting instead of in bits. We spend years of our lives working for dollars, you owe it to yourself to invest 39 minutes to understand the money we receive in exchange for our time. After watching the video, please share your thoughts, or reach out with questions.
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ABitSpicy 11 months ago
A thought-provoking article by @Libertarian Institute 's Kym Robinson about our digital world. "Social media feeds have a tendency of pushing in front of us what they think we desire (or what’s in corporate or government interests). In a future when AI becomes increasingly “custom” for each user, we may further bury ourselves into a digital realm where we are not challeneged at all, never coming into contact with anything controversial or contradictory. The avoidance of “triggering” content deteriorates the intellect. It is not empowering to avoid exposure of harsh realities. Affirmed delusion may develop into a dangerous conviction that can manifest in the real world, where a person not used to being challenged throws a temper tantrum when they encounter a real human being who does not agree".