As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement is Hope.
To check if you have any rationale for hope -
Here are 13 Red Flags to look for in your local fiat currency:
1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩
2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩
3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩
4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩
5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩
6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩
7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩
8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩
9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩
10) Climate Scapegoat: Is the weather to blame for rising prices?🚩
11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩
12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩
13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩
If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin
thomas_fahrer / Tom
npub1xq…pd8s7
2023-07-06 00:09:30
Author Public Key
npub1xqp7ktjtav34zhdvqzdxhm3gvmkak6q9vr60ukvrshxe8xj67wlsvpd8s7Published at
2023-07-06 00:09:30Event JSON
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"pubkey": "3003eb2e4beb23515dac009a6bee2866eddb680560f4fe598385cd939a5af3bf",
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"kind": 1,
"tags": [],
"content": "As the Bitcoin guru Larry Fink articulated, the foundation for savings \u0026 retirement is Hope. \n\nTo check if you have any rationale for hope -\n\nHere are 13 Red Flags to look for in your local fiat currency:\n\n1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩\n\n2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩\n\n3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩\n\n4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩\n\n5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩\n\n6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩\n\n7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩\n\n8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new \u0026 inventive government tools to resolve? 🚩\n\n9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩\n\n10) Climate Scapegoat: Is the weather to blame for rising prices?🚩\n\n11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks \u0026 insurance companies? 🚩\n\n12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩\n\n13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩\n\nIf any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin",
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}