"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
Public Key
npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn Profile Code
nprofile1qqstcmxdzw3jl9xnv4jd4j84jcaq66w9s0yedq6ph00j0zep75cf3eqpz3mhxue69uhhyetvv9ujuerpd46hxtnfduqs6amnwvaz7tmwdaejumr0ds2q099j
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2024-12-28T23:49:05Z Event JSON
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"sig": "ee6887dc0ba4baaec5e93167c439eeb4512dff7999f61e749781a68ed1cf152b90068d9484bcbe13cb269306e5981467a09cc028b8a47b03d2a9f12dfd634f60"
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Last Notes npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Did not see this one coming but I'm here for it. LFG npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Yes. And real estate is a massive chunk of collateral for the banking system. If you understand fractional reserve banking, you understand that nominal price declined in the collateral backing bank-issued debt results in a total banking system collapse. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr That purple line at the bottom that's down 63% in gold terms since 2022? That's the "safe" global reserve asset, US Treasury bonds. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr @nprofile…nrxl I'm having an ongoing bug with the android app. When I view feeds in the explore tab, I can scroll through the list of notes or long-form reads, but I can't open them. I can open the menu and copy the note ID etc, but I have to go back to the home tab and do a search to actually open the note or read. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This is the most important Bitcoin chart in the world. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I don't have enough insight into this to give a great answer, but in general the Amish use more home remedies and alternative medicine than the average American. But they're not opposed to doctors and hospitals when needed, that's always an individual choice. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr My favorite Bitcoin chart npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr You can't park money "in" assets, that's an economics myth. If you buy an asset, the money doesn't go "into" the asset, it goes into the bank account of the person selling the asset to you. They can either hold it in their bank account and get inflated away, or immediately turn around and spend it to buy something, which starts the same cycle over again. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Understanding this would dispense with a lot of financial jargon and nonsense that prevents people from understanding markets and price movements. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Fiat currency and fractional reserve banking provide the ideal environment for psychopaths to thrive. That's why they go insane at the smallest sign of a threat to the financial system. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr When the money stops working, everything stops working. Unfortunately I doubt more than 0.001% of people even understand vaguely what money is and how and why it works, so the odds that they'll differentiate between functional money and defective money at a philosophical level is nil. That's why number go up technology is the only hope for Bitcoin adoption. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This is why the dollar can inflate away year after year, yet the world just keeps using dollars. It will keep "working" until it doesn't. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr You mentioned the idea of Bitcoin as shared equity in this episode. It's not the first time you've mentioned it. The first time I heard it, it helped me solidify an idea I'd been playing with for a while. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr You mentioned the idea of Bitcoin as shared equity in this episode. It's not the first time you've mentioned it. The first time I heard it, it helped me solidify an idea I'd been playing with for a while. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://m.youtube.com/watch?v=ci_qFIyMyns&t=5211s npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Jesus: "My kingdom is not of this world." npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Learn to flip burgers 🤷🏼♂️ npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr already am, but I can always add a table npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "I think the world would be a better place if everyone lived by the general teachings of Jesus." npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Early 30s npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Never heard that on, I have no idea what it would mean. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Learn to weld 🤣 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "coincidence" npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 💯 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Nailed it. Sounds like he at least partially agrees with my concept of money as equity. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr One of my relatives has a handful of plants in zone 7b, they're at least 20 years old. Very prolific, delicious fruit. The fruit all ripens basically together in the fall, maybe a few weeks to a month window. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr There's a word for the system where someone else takes all the output of your labor, but claims that it's right and good for them to do so because in return they give you everything you need to survive for "free". npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "There are a lot of large actors in the Bitcoin ecosystem now that are pushing the idea that Bitcoin is only an asset. That is not true. Bitcoin is a currency, it directly competes with the dollar, and it can be used in a peer-to-peer manner that completely disintermediates the banks. It also removes the ability to censor and surveil transactions if you know what you're doing. " npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr skill issue npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I wrote this article on Substack about a year ago. It was inspired by a comment @npub1qny…95gx made on the @npub10at…02w3 podcast. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Tesla is the fiat of automobiles. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr What wears bib overalls, collects welfare, and cries like a baby? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Minibits has been working really well for me npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr You can also connect any external wallet that supports Nostr Wallet Connect and it will use that to zap. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I'd do it just for the month off npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I've been moving my articles from Substack to Nostr as long-form notes. I have a few issues/questions that have come up in the process. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Nothing has changed. How often do you hear a woketard accuse someone of "talking like Stalin?" Curious, that, considering the atrocities of the Soviet gulags. Almost like they don't really care about the atrocities, just about any threats to their ideology. And like they proved through COVID, they have no moral compunction about committing atrocities themselves as long as the "right" people are being hurt. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "Russia's illegal oil exports" did I somehow teleport to Bluesky or Reddit? Luckily there's already a perfect currency for people who want to control other people's business. Unfortunately, Bitcoin is eating its lunch. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The gender pay gap collapsed. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr We're calling 5% a price swing now? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Demographic decline visualized npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Sounds about right npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Countries and people who held onto silver too long as it was demonetized lost fortunes. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This comment on my Substack just made me laugh so hard. Can you imagine his shock if he landed in nostr and found all the "Bitcoin scammers" eating healthy and working out and selling beef and homesteading and starting families? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Cap gains are a percentage of the Bitcoin price appreciation measured i dollars. If you're paying cap gains, by definition, you're better off than you would have been by holding cash instead. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "US Money Versus Corporation Currency" is the most underrated book in the stack, unfortunate that I've never heard a bitcoiner or Austrian economist mention it. The fact that it was written 2 years before the Federal Reserve Act was passed, and he basically nailed everything that's happened with our money for the past hundred plus years is mind-blowing. It's not the easiest read, but well worth the effort. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Boom npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Not really npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/f0xr/p/money-flows-arent-important npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/f0xr/p/money-flows-arent-important npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://substack.com/@f0xr/note/c-71670283 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://substack.com/@f0xr/note/c-71764470 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/f0xr/p/the-amish-fertility-miracle-part npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr If you really want to knock out a cold or virus at the earliest stage... npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Another excerpt from the first draft of my latest article on Amish culture and fertility. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/rightflank/p/universal-basic-income-just-crashed?utm_source=share&utm_medium=android&r=3i492j npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Working on a new Substack article on demographics. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "Deferred consumption is what makes capital formation and civilization possible. People work to create things that they don’t immediately consume, and those new tools and processes make it easier to create more things in the future with less effort, which raises the productivity of the economy (getting more output for less input) and makes society as a whole wealthier. Those new tools and processes can then be used to more efficiently create other tools and processes, which increases productivity even further, and the whole thing compounds on itself in an exponential curve of increasing productivity and increasing wealth. But it all starts with and relies on someone somewhere putting in effort now, to create something they won’t benefit from until later." npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Absolute insanity. Fiat clown world has hit rock bottom, and is starting to dig. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Yes seems to be npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Imagine how much of an irresistible force Bitcoin is to make the most powerful man in the world do a 180 like that. Incredibly bullish. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "Legal" is unfortunately just a cope now. Of course it's not "legal" according to our founding documents, and how long has it been since that mattered? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr How to handle traffic stops like a boss. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Oh yeah, it's definitely going to be an interesting fourth turning cycle. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Sodomites once again thumb their nose at God, this time mocking the Last Supper. I won't be watching a second of this Satanic blasphemy. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Because the pedophiles and sodomites running our institutions love thumbing their noses at God and pissing all over the smoldering ruins of our civilization as they're busy destroying it. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://www.f0xr.com/p/universal-basic-income-coercion-or?r=3i492j npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Latest newsletter npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr If power hungry psychopaths can convince the populace that their rights aren't granted by God, but by popular vote, then shifting public perception by controlling the media and shifting vote totals by controlling the vote count is all it takes to give power hunger psychopaths "moral" cover to infringe on our God-given rights. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It is crazy, and I love it. Takes so little to be above average when that's your competition. Accumulating wealth faster than the American consoooooooomer is like beating a midget at basketball. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr There are no countries on the Internet npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr LFG npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "Green" energy is a euphemism for state mandated poverty. State mandated poverty is a description of communism. 🍉 politics, green on the outside, red on the inside. Nothing new under the sun. https://i.nostr.build/LhhPkF2nskPMmBpw.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://i.nostr.build/aB5Iq7PJ9cDaZHTF.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr A few more days before sub 50 please, just enough time to transfer some funds through the pathetic fiat rails npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr ahhh, a fellow noticer! 🍻 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "In 2019, the European Parliament mandated ISA technology to reduce traffic collisions and injuries. Recommended by the European Transport Safety Council, ISA aims to cut collisions by 30% and casualties by 20%, contributing to a goal of zero road deaths by 2050." npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The divorce-industrial complex. Birthrates continue to collapse, such a mystery... npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Imagining that women care one iota about your step up the ladder of science is peak nerd hopium, and a good way to ensure that you die without ever experiencing that moment. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Very different from "investing" in a house. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I'm interested in learning npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr If you're walking down a dark alley and two guys in ski masks jump you, do you demand the right to hold a quick vote with them on what to do with the money in your wallet? And then leave happy after the result of the vote is for them to take your money? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Went to a sin festival, it was repulsively sinful. News at 11. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "I'm going to buy this house, and then in 20 years when the roof needs replaced and the appliances are shot and the carpet is threadbare and the walls are scuffed and termites are eating the frame, I'll sell it for a 5x profit. 'Investing' in real estate, I'm such a genius." -statements made by the completely deranged npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Imagine if a publicly traded company had an "inflation target" for their stock. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This kills the banking system npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://video.nostr.build/0c8e6194b37cb977abc0d4dcfcec89037962a65837d55138a6660f9f9fe4e064.mp4 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr And there it is, the first tassels. Beat the 4th by a week. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I'm sure if we just build a few more windmills this problem will be solved 🙄 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "loyal" npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 🤮🤮🤮 and then for no reason at all the country elected Hitler with overwhelming support npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr But we have to ban incorrect political parties to save democracy! npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It isn't coming right now. Gradually, then suddenly. Money supply has been shrinking for a while now, but that inevitably collapses the financial system because they're way too leveraged. And at that point it's if, not when, the next liquidity deluge hits. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr There are tens of trillions in bank deposits and cash in the US alone. "Someone" is holding every dollar at all times, so every dollar created is debasing someone's savings. Most just don't realize it. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Reminder that climate "science" is as ridiculous as voodoo, and even more evil. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Yeah I think a bridge in some little town that only gets local traffic is exactly the kind of unproductive investment a sound money standard will kill. Imagine how that project gets built today. Massive debt issuance by the state, or taxes on people who will never use the bridge. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The project might not be a good allocation of resources. Under a sound money standard, that becomes obvious quickly. If it can't produce enough profit from tolls to repay the loan, it's a poor use of resources. The market is telling you that people value something else more than they value the bridge. Maybe adding a second ferry to reduce the wait time is a better allocation of resources? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Under the current system, the interest for loans comes from new loans. That's why M2 only goes up to the right, and any pause collapses the entire financial system. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Another good reason to avoid centralized platforms, for both posting and reading. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Charging interest will always be attractive to those making the loan, as far as I can see. The difference is that under a sound money standard, paying interest on unproductive debt becomes completely untenable.
