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Fun Fact, Assistant Attorneys General make ~$77K / year _today_.
*in Florida
People will read this on nostr and still keep thinking holding some fiat is a great idea
I always say, don’t worry we’ll all be millionaire’s soon enough, but you’re not going to like it…
we are all poor but at least we are having fun
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> Okay so today you’ve somehow managed to save enough an 1899 $20 gold coin. great! You’ve “reclaimed” two weeks of one year’s worth of 1899 human time, labor, energy, life-force. That’s what savings is: the secure storing away of your valuable time and effort so that you can have a better tomorrow.
> Imagine trying to get 25 more of those coins in order to store the equivalent of one year of 1899 human effort… You would have to repeat that daunting savings task 1,300 times in order to save fifty years’ worth of 1899 human life-force.
> In real value (the value of the gold coins today) that represents $4,550,000.
Exactly
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I came to the same conclusion a few months ago after comparing the CAGR of gold prior to executive order 6102 to other assets.
It's just math, but the survillence state wants you to think 2+2=5.
I checked the price of gold this morning. An ounce is now over $3,800. The Mandibles/Weimar Germany vibes are eerie.
Every time the price of gold goes up, the points in my article there get stronger.
There is absolutely nothing to refute in the article. Like you say - it's just math.
If someone can hold a gold coin in their hand and one or two facts in their head, the only way to remain ignorant to what is going on is: willfully.
I wasn't trying to say Aktually... I meant it's getting so bad ypu can't even write about the price of gold without the price going up before you publish.
That's concerning.
Pretty dangerous in my opinion.
Yes, prosecutor's prosecuting while stressed out about money is a dangerous game.
You should see how much many EMS professionals get paid and all the skills and knowledge we're expected to keep up on. Very similar situation.
I'm also considering the increased likelihood of corruption or failure to attract good professionals to the jobs. I'm more suspicious of someone in that role for that salary by default.
Yes, when people thinking about law school want to ask me about it, I usually tell them unless you really want to do public service for service's sake, do something else. Unless you are entreprenuerial it is a very difficult business to earn a lot of money, which is a fine goal, but most of the jobs are on the left side of the salary curve, it's not a parabola.
Saving in gold and bitcoin does help, especially in the long run but most, if not all, of the money saved in those forms of hard money is being earned in fiat, so everyday spending money becomes worth less and less, lowering purchasing power and standard of living even for us enlightened few able to save the value they've created.
I'm not trying to be a contrarian, my question is whether anyone knows of a feasible way to escape that hell and not starve to death while sitting on gold coins that, once spent, become less and less replacable because of monthly pay cuts.
One of the reasons I chose not to go to law school. But honestly this is the case for many historically respectable careers now. Everything is decaying. It's sad. I have immense respect for the institution of law and those who practice in it. The juice just wasn't worth the squeeze back when I was deciding. I reject the notion that people should pick careers based only on love or service. We *should* have both and certainly shouldn't worry about money while performing high level skills all day. It's ridiculous. But I'm just bitching now. I'm sure it'll get worse before improving.
I agree 100% my advice is really just practical. You should be able to feed your family while serving, but right now you might have to choose one or the other in the profession. Of course, some of us do really well, but it's far from a garauntee.
I actually have a colleague who was a public defender. He crashed and burned pretty hard unfortunately. Brutal work.
And it need not be so.
It's helped me, but it doesnt change the fact that my salary still sucks. It's only greatly helpful to the extent that I was able to stack sats early. Otherwise it would take much longer to square the difference. But that's just a transitionary time problem. It would be solved once we are on a sound money system again. I'm still grateful, but it doesnt solve all problems yet.
Exactly.
Hm, well, I hope that can be achieved despite the governments of the world because they would certainly rather die than expropriate us commoners any less.
To be fair, fiat was the best system they had back then to expand the global economy via a global reserve currency.
Without advanced computer systems, they could only expand the money supply by creating more fiat and "decrease" the supply, to combat inflation, by slowing the creation.
With a system like bitcoin, that has a fixed supply and is consistently divisible, to 8 decimals, you are able to provide a money to an increasing amount of people, without actually "increasing" the supply. But you need advanced computer systems.
The USD, needing real world physical representation, could only ever be divided to 2 decimals, and therefore increasing it's overall supply, not dividing a fixed supply, was the only solution.
Was greed and control also a factor? Probably. But it was also a technology problem. Thankfully satoshi solved it for us all now.
Only compounded by workers with low quality educations from universities that are becoming obsolete. I work with many educated people who couldn’t change a tire to save their lives. It’s less about paying for a piece of paper that says you’re something and more about being productive, creating value, and having the internal drive and relentless pursuit of knowledge.
Quality is in short supply, and if you want to separate from tax slavery, produce original thought, and not just regurgitate catchphrases or key words, you need to be the kind of individual who has grit and flexible mental capacity. It’s easy to peek behind the curtain, but profound to confront the puppet master.
The system can't be fixed it will need to be replaced.
Satoshi clearly understood this.
oh yea i knew exactly what you meant!
🫡🤝
I’m not great with theoretical questions, but basically, you need to live below your means and save more than those around you.
When you need cash, borrow against your hard assets if you can or use a systematic withdrawal plan—selling small, regular amounts while preserving their nominal value.
I know of that strategy, thanks for sharing 👌🏻
Trouble is, not only do we save more than most people are able to but my wife and I have a household income roughly 2.5x the median in our country and we still have an incredibly hard time getting ahead in any way.
I guess since neither of us was born into wealth and neither of us is a one-in-a-million super-genius, we're just doomed to stay lower-middle-class tenants forever 😅
Ebrybody here has countless contact points with merchants everyday.
When was the last time you asked someone if they would accept Bitcoin or Monero? When was the last time you used your credit card?
See. Being middle class is a choice and everything starts with courage.
That's also why Monero people are encouraging all CEX to delist it. They know that where we are going, we don't need CEX. It's pure fear that speaks through you when you think exchanging back to fiat natters.
Put a thousand fiat tokens into XMR, make itva daily habit to ask people if they accept it Luke a crazy person and enjoy becoming upper class. Not because someone like Wallstreet with the NGU fiat printer made it happen, but you yourself.
Please don't tell me you are a Bitxoin maxi. It's really the lower middle classes theme to make them be appreciated more by society without putting in any work of your own.
Tell me how it went in 10 years!
They will tax your known BTC to keep you small. No one will save you but your own courageous decisions (and they may seem, probably are risky)
That's why you go dark.
Monero is not a free choice. It's an invaluable protection shield for those on the front lines.
If you think you have no need for it, it's because you are really just a mediocre bystander claiming to be a Bitcoin maxi taking on the state while paying taxes even [sic!] on their BTC gains to the attackers.
If you still get your salary from the fiat war machine you are not feeding your family and community - you are sacrificing them. Mostly over the little insecurities that would show up as soon as you decided for your family to go the other more harsh road.
Excellent article. Prior to 1971 was there even a need for CPI or was gold just a stable measure? Something you could get paid in and the average person didn't question it's value or denomination because it would simply retain value. Now I feel like people are waking up to the debasement but it's decades too late and the thieves are already sailing away on their mega yachts.
I’m in a similar situation and find it hard to relate to the typical bitcoiner lifestyle that many here seem to enjoy.
I think I’ve found a way forward, though. It involves trading, so I understand it’s not for everyone, but it’s been a real game changer for me.
That’s actually why I’m here on Nostr with this new account—I want to share my method with lower-middle-class tenants who might benefit from it.
Finally got to it, just a heads-up.
They confiscated all Americans' gold in 1933. From '33 to '71 only foreign central banks could trade dollars for gold. In the mid-1960s they repudiated silver certificates and removed silver from our coins.