Translation:
"A little coerced labor never hurt anyone."
https://finance.yahoo.com/news/charlie-munger-says-optimistic-im-190114777.html
Time Bandit
npub1x4l0...wwz6
12 years experience in webdev and SQL. Looking to build out 3D printing communities and partnerships.
Notes (15)
Central banking has a 100-year head start and is built into every democracy on earth.
It was voted into existence, and the pain required for cleansing it will not be tolerable to the masses.
It must be dissolved outside of the realm of voting.
There's no test for creativity. Yet creativity is important, right? More important than those testable things…
From Forbes:
The only climate actions that have any chance of success:
1. Electrify Everything
2. Overbuild Renewables
3. Continent scale grids
4. Pumped hydro
5. Plant trees
6. Fix agriculture
7. Fix concrete production
8. Tax C02
9. Shut down coal
10. Block oil financing
Where do you suppose we could find such a benevolent group of dictators that would not line their own pockets with this regulatory power??
How about we focus on creating a system that protects property rights? Then maybe people will begin working together on the climate.
https://www.forbes.com/sites/michaelbarnard/2023/08/11/the-short-list-of-climate-actions-that-will-work/?sh=ec4694d487cd
Social contracts exist to be subverted.
Self sovereignty hinges on the ability of a person or group to credibly retaliate against an aggressor.
As technologies advance, smaller and smaller groups will be capable of retaliation on unimaginable scales.
Is a crypto bro closer or farther from understanding sound money?
Imagine believing that AI will take jobs but will allow for UBI.
If AI does anything useful in the world, it will be to help avoid taxes.
I don't care who you are or where you live, your country is not worth dying for.
US interest payments approaching $1 trillion.
Interest on the debt rising is the culprit!
The average interest rate on a NEW car loan just hit a record 7.2%.
Meanwhile, the average interest rate on a USED car loan is now 11.0%.
The average new car payment in the US is now $750 and the average new mortgage payment is $2,850.
This means that an American who wants a new car and house is paying $3,600/month or $43,200/year AFTER a 20% downpayment.
That is 62% of the median household income in the US.
Necessities have become luxuries.
Imagine billions of people investing their time, energy and savings into causes they care deeply about because they no longer have to swim against the current.
We are at the beginning of something very special.
Imagine believing that AI will take jobs but will allow for UBI.
If AI does anything useful in the world, it will be to help avoid taxes.
Nostr is growing on me.
Bitcoin is economic sanctions against tyranny at the individual level.