I've had zero social media outside Telegram meme channels and using TikTok for a business venture, an experience I despised to my core. Started a Substack recently and decided there's no choice but to bite the bullet and sign up for Elon's X in order to have a shot at getting enough readers to make it worthwhile. My experience signing up... -download X -requests phone number, select "use email instead", nice 😏 -answer a few more questions, requests phone number again. now impossible to click past -enter burner phone number -"unable to register account with this number, please try again" -grit teeth, cringe, enter personal cell number I've had for 15 years -"unable to register account with this number, please try again" -😡😡😡 -delete app Don't know if it's possible to grow an audience exclusively on decentralized platforms, but that's where I'm at. A pox on centralized social media, and on the executives who make using it a living hell. Nostr only for me, I'll give it a fair shot before passing judgement.

very much this #memes

mood

Taxes, banking, QE, pensions, entitlements, welfare, fiscal policies, money, and the financial/political system in general are deliberately made complex and opaque in democratic countries. That's because they're all just a brazen, corrupt scheme to bribe voters with their own money, keeping the parasite class permanently entrenched and permanently sucking the lifeblood out of the economy for their own benefit.

"money" "It's like money in the bank." Money in the bank is nothing like money in your wallet. If you don't understand the difference, you won't understand the economy. Banks create the "money" in your account out of thin air. Here's how it works and why you should care.

The Big (Bank) Lie

Banking is rotten to the core.

I wonder if the "diversity" types ever think about what winning would look like. If the whole globe is completely "diverse", doesn't that make the whole globe completely homogeneous? I think the people seeding the idea know that, and they really don't want diversity the way the word is commonly understood. They want everything to be uniform, homogeneous urban monoculture. For one thing, it makes totalitarian collectivism easier to implement. Just herds of brain-dead NPCs, parroting the same talking points from the same propaganda outlets, unquestioningly obeying for "the common good", always ready to agitate for the cause du jour, totally dependent on the social structure and unable to survive any disruption of the status quo. They're also moral relativists, so they're desperate to eliminate the possibility of different cultures in different places. Easy observation of the fact that some cultural patterns have good results and some have bad results undermines their belief system. Can't have the peasants seeing greener grass next door, like how simple it is to dramatically reduce crime in El Salvador, and demanding those policies in their neighborhood.

The monetary premium of commodity monies is an abstract concept attached to a physical object. That means a purely monetary technology has by definition no physical form, it's fully abstract. Goldbugs can't comprehend this.

Mass immigration from dysfunctional places on the globe to (semi) functional Western countries will brutally expose the cost of living in a low-trust society versus a high-trust society. The tip of the iceberg gets all the attention, but the base is where all the difference between low- and high-trust societies rests. Ignoring that fact will sink Western civilization like the Titanic.

With all the buzz around the Bitcoin ETFs recently, I've been thinking a lot about money flows and what the term really means. Just finished my latest article on money flows, price, and how it all works. Check it out here

Money Doesn't Really "Flow Into" Anything

Clarifying another confusing financial concept

if you're interested. Bottom line, stay humble and stack sats is still great advice, and as long as everyone stays humble enough not to sell, we don't need any "inflows" at all to take the Bitcoin price to $100k and beyond.

🤔

Democracy? Nah, we live in a bureaucracy.