Ga nostriches, some quiet moments in a December afternoon in work after listening to some very old Eric Weiss “if you rob Peter to pay Paul, you can alway rely on Paul’s vote” socialist policies 101!!!!
Now onto some Kingbingo on the lotus eaters, working through how the next gilt crisis, initiated by last week’s budget to tip the uk into the mother of all debt, death spirals. NGL, rather pleased there is no mortgage hanging around my neck putting a target on my back for bond vigilantes.
Source: YouTube https://share.google/kyRImRJS2U7vxVgQ1
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“The Bank of England can print sterling, but they can’t print trust” and once they start to print, all trust will be gone. GBP will be toast, after listening to this, actually withdrawing money from the system after literally half an hour thinking “meh, not today”
This is not a drill.
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I think Dan is starting to get Bitcoin as FU money, as well as ngu technology, which is what he has always focused on in the past. Hope he gets more into this, as I think lots of folks who thing having BTC in coinbase etc will save them will be sadly disappointed when SHTF and it all gets 6102'd
I did notice is subtle reference of Bitcoin as an escape valve!!!
I think he had a longer video earlier in the week where he was reflecting on the budget, recommending physical gold and self-custody btc as being the only things that you can truly 'own' in that they can't be automatically confiscated. So he might be property orange pilled yet!
Will have a look for that. I love that the value that I ascribe to bitcoin is only partially related to ngu. More tiwy, take it with you!!!!!