It's incredible how ardently people will defend a money that steals from them when presented with a money that doesn't.
Stockholm syndrome is real.
We aren't meant to be caged.
Come on out of there.
"Hustle culture" isn't necessarily something to be celebrated.
"Hustle culture" is born out of the fact that monetary inflation is making it increasingly impossible to get by on a single income.
It doesn't have to be this way.
For decades, we have compared the dollar against other fiat currencies.
It was always the least dishonest amongst dishonest monies.
It was the "cleanest dirty shirt," as they say.
Enter Bitcoin
Absolutely scarce, honest money
A clean shirt
The game has changed.
Many people on earth never had a landline phone, they jumped the shark straight to the cellphone.
In similar fashion, some countries with failing currencies will collapse into the dollar, but as soon as Bitcoin is large enough, most will jump the shark straight into Bitcoin.
We knew the game theory would come for individuals.
We knew it would come for corporations.
We knew it would come for financial managers.
We knew it would come for sovereign wealth funds and nation states.
But, let's be honest, did we see it coming this soon?
We've kicked the debt crisis up the stack from the banking level to the sovereign level.
"Too big to fail" has become "Too big to bailout."
Prepare yourself for the reset.
The incentives are undeniable.
The choice is simple.
Individuals
Corporations
Financial managers
Pension funds
Endowments
Sovereign wealth funds
Central banks
Nation states
Join, or die
Isn't it ironic...
Just when we're at the precipice of issuing unprecedented amounts of government debt, a superior risk-off asset is born.
Bonds are dead.
They just don't know it yet.
Bitcoin is the savior.
They just don't know it...yet.
Occupy Wall Street
Tea Party
These were the same movement.
One side blamed big banks.
One side blamed big government.
Both were correct.
This system is a collaborative kleptocracy between Wall Street and the Government, facilitated by the Federal Reserve.
The Triffin dilemma
A country's status as a reserve currency leads to a perpetual trade deficit.
America has hollowed out our industrial base. We export nothing but inflation to provide the world with dollars.
Tariffs are an attempt to treat the symptom, not the cause.
Bitcoin vs Real Estate...
Real Estate:
Requires large down payment
Closing costs
Management
Upkeep
Property taxes
Illiquid
Immobile
Bitcoin:
All the store of value proposition, none of the friction
No barriers to entry
No management or upkeep
No property tax
Liquid
Mobile