Freedom, money and faith are all intertwined. Distortion of their core principles is what leads us off track.

Is Bitcoin a Religious Cult or Is It Freedom?

freedom is money if backed by principles

“Bitocoin’s price is volatile but the system is stable. Very stable. The US dollar may not be very volatile, but the system inherently is unstable.” ~ #[0]​ on #Bitcoin

The irony… The FED, banks, and White House have been on a mission to spread the ideals of Keynesian Economics. They chirped about the positives of Modern Monetary Theory (MMT) and the need for money to have extreme money velocity without any real consideration for the negative consequences. We now have the largest supply of money in history and the fastest velocity possible thanks to API banking and modernized banking rails. Yet, we face the greatest systemic risks ever and are watching banks fail real-time globally. MMT is a farce and this group couldn’t have been more wrong.

The inverse relationship is💪 between DXY & #Bitcoin . As the banking crisis continues is #BTC  beginning to shine? With global banking failures mounting, SI, FRC, SIVB, and now Credit Suisse, what grade would you give Bitcoin on its first test?

Remember when everyone was all up in arms because Yellen and the FED made Coinbase say that deposits weren’t protected. ht: #[0]​

Peruvian_Bull's dollar endgame thesis was a fun one to dig into. Especially on the heels of #SIVB, $SI, $SBNY, and the FED's #bank funding program (BTFP). Part 1:

Apple Podcasts

EP39_Part1_ PeruvianBull and The Dollar Endgame

Podcast Episode · Navigating Bitcoin

Part 2:

Apple Podcasts

EP39_Part2_Peruvian Bull and The Dollar Endgame

Podcast Episode · Navigating Bitcoin

✅Triffin’s Dilemma ⭕️Econometrics 🏁human subjectivity & money ✅Risk in derivatives

Wen… do people start asking if they should buy #Bitcoin again? Asking for a friend…

There’s great irony in how narratives spread and are widely accepted. “It’s science.” 🤔🤔 what happened to a steps 1, 2, 5, and 6? Thank goodness profits were made, or some questions (step 1) might be asked.

Remind me why the FED isn’t an #oracle instead of a committee of subjective human opinions? truflation.com #truflation

A couple of high points / thoughts on an import tweet from #[0]​. https://twitter.com/kanemcgukin/status/1635986836496498692?s=46&t=BCZ86Q6VE35kiDHSK1Vf6w 1. The shortcomings of #Keynesian / #MMT show up in the never ending need for more credit facilities in order to expand supply. These accounting gimmicks create the appearance “wealth” (paper wealth) at the expense of the population’s purchasing power. 2. It’s no different than an individual w/ $100k in credit card debt. The interest expense feeds on itself. The possibility of pay off becomes zero. So, the individual rolls the debt to a 12/mo 0% interest card, doesn’t pay it off, & continues spending on the old card. Repeat. 3. If banks have $600b+ of impaired bonds, that can now be borrowed against at 100% of par. Did we not just create an additional $600b out of thin air? Or 90% of - $540b? 4. A wise man once said, “Therefore, get rid of all moral filth and the evil that is so prevalent and humbly accept the word planted in you, which can save you.” JAS 1:21

Banks break down. #Bitcoin  breaks out. The path is never a straight line.

Regardless of price return (%) #bitcoin ‘s price has been the signal for most moves in financial markets for the better part of the past 2 years.

Retail investors are akin the fourth and final alert in a Discord or Telegram pump and dump scheme. They are exit liquidity by nature of where they live in the flow of information.

Who would have thought… bonds with a duration greater than 1-3 years and a yield of < 2% were a terrible idea. Yield tells you everything you need to know.

Wonder if these banks have ever heard of the Lightning ⚡️network? It’s uncanny how similar the two look.

With the unwind of Silvergate and the failure/takeover of Silicon Valley Bank and Signature bank, what does this do to exchanges and apps that had on-ramps only because of these entities?