Rune Østgård's avatar
Rune Østgård
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Author of Fraudcoin, UNBAR and Arrow of Truth. undoqo.com
Did you ever reflect over this? 👇 The reason why monetary monopoly is such an enormously centralizing political tool is that the Cantillonaires (those who benefit from spending money created out of nothing) get positive compound interest from inflation, while the rest of us get negative compound interest. It blows up the gap between the two groups in no time at all.
Question: What happens to interest rates when every investing individual and company try to copy Michael Saylor and Microstrategy?
Do you want to make it easier to see through the fog of complexity? Do you want things to make more sense? And do you want a better life? Well, lean on me for a moment, my friend, and we can walk the first few steps together. image . Here are some basic ideas that can help us on our way: 1. The belief system (our ideas) that dominate society is layer zero, and dictates which monetary system (layer one) we get. 2. The most basic belief systems are: a) "People are in general kind, I am a free man, and we can play and cooperate" (free man mentality) and b) "People are in general evil, I am a slave and an NPC, we need a master to play us so that we don't rip the throats out of each other" (slave mentality.) 3. We only have two types of monetary systems to choose between: a) monetary freedom, which means that everyone must work to get money and compete for scarce resources on equal terms. b) monetary monopoly, which means that a monopolist can create money out of nothing and outcompete everyone else in a hunt for scarce resources. 4. If type 2 a) ideas (free man mentality) dominate society, we get type 3 a) monetary system (monetary freedom.) 5. If type 2 b) ideas (slave mentality) dominate society, we get type 3 b) monetary system (monetary monopoly.) 6. The monetary system, dictates how everything else in society (layer two) develops. 7. People produce children and build capital. 8. The state produces bureaucracy and destroys capital. 9. Introduction of type 3 a) monetary system (monetary freedom) quickly makes it possible for the people to dominate the state, enabling us to produce ever more children and ever more capital. 10. Introduction of type 3b) monetary system (monetary monopoly) quickly makes it possible for the state to dominate the people, enabling it to produce ever more bureaucracy and destroy ever more capital. *** The rest is mostly noise. However, two ideas are even bigger than the ones I have mentioned above: *** 11. You have the ability to control your own ideas and your own belief system, and you can be creative. 12. Ideas spread fast, because man is the most efficient and advanced Xerox machine ever made. *** Choose wisely, and have a nice day ❤️
Scandal The Norwegian Government Pension Fund Global is the largest sovereign wealth fund in the world. It has more than 500 employees and invests in real estate and securities outside Norway. Since its inception in 1998, the oil fund has lost 4 x the 2024 Norwegian state budget when we compare with the gold price as bench mark, which should be a bear case scenario. The fund isn't allowed to invest in gold or Bitcoin. I and a friend will release an article about this in Norwegian newspapers this week. We might translate it into English and see if we can have it printed somewhere else.
Blob-minions creep back to X to reclaim lost territory these days.
I spent 3 years as a national expert in the European Commission. Please forgive me 😁
People who believe those on the far left represent the very opposite of those on the far right can aptly be called "political flat earthers."
I'm struggling with understanding Michael Saylor's base case of 14 million USD per bitcoin in 2045. He says that Bitcoin's market cap represents 0.1% of total global wealth today (relative market cap), while his base case scenario assumes that this goes to 7%, which is a 70-fold increase. If we look at the historical annual average increase of the money supply USD, we know that it's about 7%. If the money supply continues to increase at this rate, it means that in 21 years the amount of money has more than quadruppeled (≈ 4.3). Today the price of one bitcoin is 63,000 USD. 4.3 x 63,000 USD ≈ 270.000, which represents the M2 adjusted (monetary inflation adjusted) price over a 21 year period. Saylor's base case of 14 mill USD represents 52 x today's price, adjusted for the increase of the monetary supply. I don't understand how a base case of 70-fold increase of Bitcoin's relative market cap translates into just a 52-fold increase in the real, M2-adjusted price. Wouldn't it be logical that the real, M2-adjusted bitcoin price increased more than Bitcoin's relative market cap? After all, we're talking about an asset with absolute scarcity, while global wealth, on the other hand, normally would grow. What am I missing here?
The most important thing the government represents for the people is that it it plays the role of a half god who tells them he can make something good out of nothing. The longer people believe in this idea, and the more money they fork over to the government in the form of taxes, the more difficult it is for them to admit that the idea is false. For many, the feelings they have for the government is probably different from the emotional attachment to an imaginative nanny who protects them and cares for their welfare. Instead, I think it's more akin to the emotional attachment they have to their own offspring. They have cared for the government, paid for it, believed in it, fought for it and nurtured it over so many years, that doubting its motives and abilities is akin to believing their own son or daughter is evil or incompetent. Which probably is one of the most painful emotions imaginable - something that must be resisted at all cost.
Any thoughts on the fact that the Tates haven't yet commented on the Diddy arrest? (Per Grok)