Argentina is moving up my bucket list of places to visit. Quotes from Milei’s speech at UN today.
“The UN has become a multi-tentacled Leviathan that seeks to decide how each nation should live."
"We reject the 'Pact for the Future'—it is nothing but a socialist blueprint for control."
"Freedom is the only path forward for nations; we must resist any system that curtails it."
"Socialism designs a world it can't achieve, and when it fails, it represses the people."
"Argentina will lead an agenda of freedom, not submission to globalism."
"We must empower individuals, not centralize power in bureaucratic institutions."
"Freedom, free markets, and individual rights are the pillars of a prosperous society."
"We reject the collectivist agendas that destroy wealth and enslave nations."
"Austerity and economic discipline are the only roads to true independence."
"Long live freedom!"
Jeff Booth
jeffbooth@nostrverified.com
npub1s05p...eyhe
Entrepreneur, Tech Leader, Author of The Price of Tomorrow - Why Deflation Is the Key to an Abundant Future, GP @EgoDeathCapital
I’m writing this because I keep getting asked to comment on Saylor/Saif video even though my position hasn’t changed.
The natural state of the free market is deflation which means all prices fall forever in Bitcoin (assuming it stays decentralized and secure)
Free market economies are more productive meaning faster deflation (or real wealth gains by falling prices)
That system is incompatible with an inflationary monetary system meaning one of those systems must fail.
Either:
1) A system based on truth, hope, and abundance for all 8 billion people on the planet driven by a free market economy and all prices fall relative to bitcoin forever. This means Bitcoin is used as a medium of exchange and freedom tech spreads to the world through lightning, Liquid, Fedimint, Cashu, etc.
OR
2) A control system. An extractive rent seeking system that is NOT the free market (similar to the one we have had for 5000 years that resets every 100 or so years through war) continues to centralize by having you believe price of bitcoin is going up in fiat which makes the surveillance state stronger. This eventually centralizes Bitcoin - custodians, media, regulation (funded from the same manipulation of money) where it is attacked from layer 2. (Similar to gold)
While these ideas may “seem” compatible in the short term because you want Bitcoin to go up in fiat. What it really means is that you are giving your energy and strength to the system centralizing the world by converting Bitcoin to Fiat….to then measure prices.
Quite simply - If Bitcoin is only a store of value, it fails as a store of value.
Ps - It won’t fail. #1 is inevitable in time because too many (and more each day) have seen behind the curtain and are determined to build path #1.
Many of you here - the people that inspire me every day. You make a difference with every word, thought and action.
Almost did that in all caps per @ODELL because it’s so important.
Referring to # 1 above…..There is no second best.
Reminder that lowering interest rates doesn’t fix a solvency crisis.
In time - that “fix” is still coming.
#Bitcoin
#nostr
If money is information and it is manipulated, then “misinformation” is whatever those most empowered by the manipulation of money determine it is.
#Bitcoin
#Nostr