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f0xr
f0xr@primal.net
npub1h3kv...wlmn
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford
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f0xr 2 years ago
Another fiat economics term that needs to die is "money flowing into _______." Money does no such thing, it doesn't "flow into" stocks, or bonds, or real estate, or Bitcoin, or anything else. I know it's a shorthanded way of expressing an idea, but it's misleading and generally misunderstood and needs to be abandoned. When money "flows into" anything, what happens in reality is the money is exchanged between people, and the wealth is exchanged in the other direction. Money isn't destroyed when you buy something with it, or immobilized inside the purchased object like "flows into" suggests. The only thing that changes is who has the money in their account or their pocket. The effect is that as more people buy a certain category of product, the increased demand causes the price the holders are willing to accept in payment for that product to rise. Eventually the price will rise high enough that the same amount of money becomes a smaller percentage of the cost of that product, and people are satisfied to hold the money instead of buying more product at the new higher price. That's the mechanism of rising prices during inflation. "Money flows into ______" is a horrible way to refer to that process, and just perpetuates the misconception that money=wealth.
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f0xr 2 years ago
Some call it weeds, I call it free cover crop #photos #flowers #farm #spring image
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f0xr 2 years ago
Modern "environmentalism" is a Malthusian death cult promoted by psychopathic Marxists as cover for their pursuit of power. #memes image
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f0xr 2 years ago
"The financial gains from the major advancements in artificial intelligence, automation, and new technology must benefit the working class, not just corporate CEOs and wealthy stockholders on Wall Street." -Bernie Sanders And why might that be, you clueless commie shill? Have you checked the banking system? Researched why banks are legally permitted to do something anyone else would go to prison for attempting? Questioned why we use debt and money interchangeablely? Or are you just spouting off some tired diatribe blaming "capitalism", which we don't even have in the US, for a problem caused by the very financial system that keeps parasites like you from starving to death? Yeah, that's what I thought. If you like communism so much shut your mouth and move to a communist paradise, preferably Cuba or North Korea. Otherwise, educate yourself before polluting the public discourse with yet more of your half-baked fantasies.
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f0xr 2 years ago
Bitcoin is money. Bitcoin is not wealth, just like money is not wealth. Few will understand.
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f0xr 2 years ago
needs to add "they also want to defund the police, so out of respect for their opinion I won't be calling the police if I notice anyone breaking into their house." image
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f0xr 2 years ago
I love these "Bitcoin is going to the moon and here's why that's bad" comments. This mental midget can see the Saylor Strategy in action, but still finds a way to criticize. It's like "yes I expect Bitcoin to go to a billion dollars but I won't be participating because my extreme level of moral virtue won't let me." So trillions of fiat are going to purchase something that has no use and is bad for society? Strange... Then there's that last paragraph 🤣. "Rewarding non productive work at a ridiculous level will not have a good outcome." This 🤡 knows he's describing the entire fiat system, right? I mean we all see the outcome all around us daily. People who use weaponized virtue signaling like this to discourage others from escaping the fiat collapse deserve to miss out. image
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f0xr 2 years ago
hypocrisy of the parasite class #memes image
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f0xr 2 years ago
imagine trusting people who lie for a living #memes image
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f0xr 2 years ago
Last week's newcoiners waking up this morning and looking at the 📈 🤣
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f0xr 2 years ago
Bitcoin FUD will always be the same incoherent garbage recycled from 2015. There will never be new and compelling arguments against Bitcoin, because anyone who studies Bitcoin enough to form a fresh coherent argument against it will end up a Bitcoiner instead.