People who constantly watch Bitcoin/gold/finance podcasts have become hopium addicted.
You watch Peter Schiff and friends predict financial collapse and hyperinflation year after year and you start believing it.
They tell you: "Hyperinflation in 5 years is inevitable. It's just math."
Just don't ask why their hyperinflation math isn't reflected in financial markets.
They'll tell you "Only I can do math" or "It will be sudden".
Maybe you're right that it will be sudden, you just have to move to Zimbabwe.
In first world countries however, we're about to transition to CBDCs/stablecoins so financial collapse/hyperinflation is an extremely unlikely scenario.
Replies (12)
Hahahaha move to Zimbawe. Living in Argentina is the same feeling. Totally agree, CBDC is the next play. The controllers knows when deployed Covid and confirmed how domesticated we are.
You need to expirience third world hiperinflation first hand to know that the US Fed its gonna rule for ever. Nevertheless, still building your circular economy.
Yeah, Argentina is a very interesting case for sure - an endless supply of scammer politicians, even more so than elsewhere. Do most people still pay taxes there?
CBDCs are the collapse.
Taxes are theft, so Argentina might be on the forefront of a new humane society that doesn't put theft on the altar of society, but voluntary interaction.
Change won't come from plants like Milei. Change is defined by people's actions.
CBDCs are the collapse for whatever little sovereignty most people have left.
For the system, CBDCs are a new beginning.
Programmable money = Programmable populations, so you will see more NPCs than ever before.
Of course, the only solution is for people to decide to stop respecting a system that robs them blind.
You don't free yourself from slavery by following the rules your slave master imposed on you.
Today I watched a mother take her teenage son for a PCR test and ask the nurse if the swab penetrates into the brain. I couldn’t decide whether to think “we’re so fucked” or “it’s a miracle society still works at all.”
Only the propaganda penetrates the brain, the swab doesn't.
We are the master of the black market. The first task of an accountant is to mastering fiscal laws.
hope is what gets the people going ¯\_(ツ)_/¯
But yea, it's true. Buying bitcoin never was about getting rich, it always was to have control. From that control comes its value. Not its price in dollars though.
I see it as a purge. The insects blinded by the short term yield and convinience of CBDCs/stablecoins, who never were in it for control, will leave bitcoin.
But we know. People on-chain know. Governments know.
Just judging by the rising ETF/treasury share, buying Bitcoin is about getting rich for most people.
Of course, the getting rich part is more difficult without the possibility of sovereignty.
For me and you, it's about the possibility of having control over your money, but for most it's about price exposure.
Gold for most, permissionless money for few.
You've articulated the problem - governments know too well, while the vast majority of the people don't know anything.
