NickGiambruno
Nick Giambruno

https://financialunderground.com/

Contrarian Speculator | Geopolitical Analyst | Investment Professional

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Last Notes

2024-10-04 13:19:11

First, they told you deflation was the real problem.
Then, they told you that there was no inflation and talk of it was only a conspiracy theory.
Then, they told you that inflation was indeed there but merely “transitory.”
Then, they told you Putin and greedy companies caused the inflation.
And now they’re telling you the inflation has been defeated.
In short, the Fed is spitting on your boots and telling you its raining. They’re gaslighting you.

2024-09-27 14:04:54

Central banks have only two tools in their toolbox:
1. Currency debasement
2. Gaslighting

2024-09-08 12:55:29

Since its founding in 1828, Webster’s Dictionary had defined inflation as “an increase in the money supply.” Then in 2003, it changed the definition to “a rise in the general price level.”
The difference might seem subtle, but it’s not. It’s a deliberate deception.
Redefining inflation this way confuses cause and effect, which is exactly why they did it.
Price increases are not inflation. Instead, they are an effect of inflation—an increase in the money supply.
When inflation is redefined as “a rise in the general price level,” many people are confused about what is happening and who is causing it. Inflation seems to come out of nowhere.
It would be like redefining robbery to mean “a mysterious property loss,” as if there was no robber.

2024-09-08 12:54:22

Though he was wrong on just about everything, John Maynard Keynes was on target when he said:
“Lenin was certainly right, there is no subtler, no surer means of overturning the basis of existing society than to debauch the currency.
This process engages all the hidden forces of economic law on the side of destruction, and does it in a manner not one man in a million is able to diagnose.”

2024-08-13 12:20:24

Shutting down Hormuz visualized and put into perspective...
During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.
Oil prices roughly quadrupled.
During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.
Oil prices nearly tripled.
During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.
Oil prices more than doubled.
If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is approximately 94 million barrels per day, which means about 22% of the worldwide oil supply could disappear.
As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.
https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/
https://m.primal.net/JyOA.png

2024-05-29 12:43:20

Many erroneously think that since there are thousands of cryptocurrencies, “crypto” is just another asset class like bonds or stocks, and they need diversification within that asset class.
That would be like adding pyrite to your portfolio to diversify your gold holdings.
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/

2024-04-29 15:08:24

The Case Against Altcoins: 3 Reasons To Stick to Bitcoin Only
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/

2024-04-24 12:52:22

A $250 Million War Game and Its Shocking Outcome
https://financialunderground.com/articles/a-250-million-war-game-and-its-shocking-outcome/

2024-04-20 13:00:18

For thousands of years, gold has always been mankind’s hardest money.
That all changed on April 19, 2024, and most people have no idea.
https://m.primal.net/HxoN.png

2024-04-15 14:10:23

A Unique Moment in Monetary History Is Days Away… and Most Have No Idea
https://financialunderground.com/articles/a-unique-moment-in-monetary-history-is-days-away-and-most-have-no-idea/

2024-04-10 15:18:51

Savers face the daunting task of outpacing inflation AND the capital gains tax just to maintain their purchasing power.
That’s made saving an impossible task for many people.
Previously, people could simply save in money, which was either gold or a derivative of it.
There was no need for a dentist, a construction worker, or a taxi driver to also become a hedge fund manager to try to keep their heads above water.

2024-04-10 13:25:47

How will you save for the future—or retirement—when the US dollar loses 50% of its value every nine years, in the best-case scenario?
In reality, you probably have much less than nine years before the US dollar loses half of its purchasing power again.
That’s a big problem EVERYONE will have to address soon.

2024-04-10 12:57:50

Let me put it into the simplest and most concise terms.
1. Central banks create fake money out of thin air and loan it to governments at interest.
2. Governments use violence and threats of violence to extract taxes from average citizens to pay the interest on the fake money the central banks created out of thin air.
3. Like the mafia, they can deploy violence to ensure there is no competition to their privileged racket.
That’s the unvarnished truth about central banking.
In short, it’s the business of usury and tax farming.

2024-04-04 14:22:42

In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage. The table below summarizes the results.
Bitcoin wins in 6 out of the 10 categories, including hardness (resistance to debasement), which I believe will be the most decisive factor.
While gold has an advantage over Bitcoin in durability, that advantage will only be relevant in the case of an inescapable, global return to the Stone Age that lasts into eternity. Such an unlikely outcome is not relevant to investment decisions today.
Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.
If current trends continue, I believe Bitcoin will overtake gold in these categories in the years ahead.
Putting it all together, gold’s advantages over Bitcoin are either irrelevant or melting away.
The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.
Digital gold is better than analog gold.
In short, Bitcoin is likely to win the ultimate competition and become the world’s dominant money.
https://m.primal.net/HrKT.png

2024-04-02 20:23:56

Most likely, gold will be remonetized as the fiat currency system collapses, only to be demonetized by Bitcoin in the following years.
https://financialunderground.com/articles/gold-vs-bitcoin-the-winner-is/

2024-04-02 13:23:29

The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.
https://financialunderground.com/articles/gold-vs-bitcoin-the-winner-is/

2024-03-26 11:45:46

Owning 1 BTC is like owning 324 ounces of the global gold supply; each would give you ownership over about 0.00000476% of the overall supply.
Owning 1.236 BTC is like owning a 400-ounce Good Delivery gold bullion bar; each would give you ownership over about 0.0000059% of the overall supply.

2024-03-25 14:20:38

- reply

It's not based on price, but percent of overall supply.
Bitcoin has a supply of 21 million.
The World Gold Council estimates there are 6.8 billion ounces of mined gold globally.
1/21,000,000 is roughly equal to 324/6,800,000,000
Each gives you about 0.00000476% of the overall supply.

2024-03-25 14:09:15

Owning 1 BTC is like owning 324 ounces of the global gold supply.
Owning 1.236 BTC is like owning a 400-ounce Good Delivery gold bullion bar.

2024-03-24 12:17:31

Given the characteristics of gold and Bitcoin, which is best suited for sending value through time and space?
https://financialunderground.com/articles/gold-vs-bitcoin-comparing-the-top-10-monetary-characteristics/

2024-03-19 12:08:24

Is Bitcoin demonetizing gold?
https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/

2024-03-19 12:03:39

Gold vs. Bitcoin: The Ultimate Competition To Be the World’s Best Money
https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/

2024-03-12 12:50:28

- reply

https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/
https://m.primal.net/HkCe.png

2024-03-12 12:49:35

While it’s impossible to quantify the conflict precisely, we can look at the various domains of World War 3, see how each side stacks up, and make projections from there.
It seems to me the advantage of NATO & Friends in financial warfare is fleeting and mostly neutralized by the advantage of BRICS+ in economic warfare.
Across most other domains, neither side has a conclusive advantage.
NATO & Friends has an edge in information warfare, but I don’t think that will prove decisive in the overall conflict.
The one domain that I think will probably determine World War 3 is proxy warfare, where BRICS+ has the advantage and momentum.
NATO & Friends could reverse the situation with the proxy wars. However, that would require them to take a bad hand and double down in a desperate attempt to get even. They may do so if they have nothing to lose, but I doubt it will change the outcome.
As it stands now, I think there is an excellent chance that BRICS+ will prevail in World War 3 as they prevail in the three decisive proxy wars in Ukraine, the Middle East, and Taiwan and also neutralize NATO & Friends’ edge in financial warfare by developing alternatives.
That means we’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.
https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/https://m.primal.net/HkCe.png

2024-03-08 17:36:09

We’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.
https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/

2024-03-05 12:38:14

World War 3 is unlikely to be a direct kinetic war between the US, Russia, and China.
Instead, the conflict will play out on different levels.
https://financialunderground.com/articles/who-will-prevail-in-world-war-3-exploring-the-7-key-battlefields/

2024-03-05 12:37:19

Who Will Prevail in World War 3?
Exploring the 7 Key Battlefields
https://financialunderground.com/articles/who-will-prevail-in-world-war-3-exploring-the-7-key-battlefields/

2024-03-02 13:04:26

3 indisputable facts about altcoins.
#1. In the history of altcoins, only 3 have ever made new highs in BTC terms after their initial pump.
#2. One of them was Dogecoin, a joke with no practical use case, because Elon pumped it.
3. Practically every altcoin has exactly the same chart over the long-term. (see below)
https://www.swanbitcoin.com/bitcoin-and-the-one-hit-wonder-altcoins/
https://m.primal.net/Hgrq.png

2024-02-27 09:31:58

World War 3. is happening right now and rapidly escalating.
In fact, World War 3 has been going on for over ten years.
https://financialunderground.com/articles/a-multipolar-world-order/

2024-02-20 10:24:17

World War 3 and the New World Order
https://financialunderground.com/articles/world-war-3-and-the-new-world-order/

2024-02-06 13:36:00

- reply

https://financialunderground.com/articles/3-shocking-truths-most-people-dont-know-about-money-in-bank-accounts/

2024-02-06 13:35:05

3 Shocking Truths Most People Don’t Know About Money in Bank Accounts…
The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.
https://financialunderground.com/articles/3-shocking-truths-most-people-dont-know-about-money-in-bank-accounts/https://m.primal.net/HaxK.png

2024-01-28 13:27:58

The Globalists Want CBDCs in 2024… What Really Comes Next Will Surprise Them
https://financialunderground.com/articles/the-globalists-want-cbdcs-in-2024-what-really-comes-next-will-surprise-them/

2024-01-25 19:05:49

Bitcoin has tremendous value as a technology for freedom—even if the price stays flat forever.
That’s because Bitcoin allows anybody to hold money that nobody can debase and enables anyone to send and receive value worldwide without relying on any third party.
That represents a revolutionary improvement in money and economic liberty.

2024-01-23 13:23:50

Contrary to conventional wisdom, higher interest rates mean more inflation in the environment today.
That’s because the federal interest expense increases as interest rates rise.
As the federal interest expense rises, so does the budget deficit.
As the budget deficit increases, so does the currency debasement needed to finance it.
https://financialunderground.com/articles/the-2024-debt-spiral-how-1-trillion-in-interest-is-breaking-the-federal-budget/

2024-01-22 21:12:06

The 2024 Debt Spiral: How $1 Trillion in Interest Is Breaking the Federal Budget
https://financialunderground.com/articles/the-2024-debt-spiral-how-1-trillion-in-interest-is-breaking-the-federal-budget/

2024-01-16 11:57:38

2024: The Year of the Inflection Point
https://financialunderground.com/articles/the-year-of-the-inflection-point/

2024-01-09 13:28:23

For thousands of years, gold has always been mankind’s hardest money.
That is all set to change in a few months, and most people have no idea.
https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/

2024-01-08 13:08:51

If you think Bill Ackman is some anti-woke crusader, congratulations, you've been officially gaslit.

2024-01-08 10:41:00

The Top 5 Bitcoin Catalysts of 2024
https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/

2024-01-03 10:39:35

US government is now borrowing money to pay interest on the federal debt.
Extreme currency debasement comes next...
https://financialunderground.com/reports/survive-and-thrive-during-the-most-dangerous-economic-crisis-in-100-years/
https://m.primal.net/HWPs.png

2023-12-26 13:26:33

Before Bitcoin, obtaining consensus required a central authority.
Think of a traditional bank that you use.
The bank is needed to keep an internal ledger of accounts and balances, including your balance and transaction history.
It would be impossible to keep accurate records without a trusted centralized entity determining what is true for everyone in this situation.
Now imagine an innovation that removes the need for the centralized entity (the bank) to keep an accurate record of all the accounts, balances, and transactions.
It allows everyone to be their own sovereign bank without needing trusted third parties.
That’s Bitcoin.
https://financialunderground.com/articles/who-is-satoshi-nakamoto/

2023-12-24 12:30:48

Who Is Satoshi Nakamoto?
https://financialunderground.com/articles/who-is-satoshi-nakamoto/

2023-12-19 15:31:08

Remember, politicians wanted only government-approved cryptography, in which the state would always have backdoor access and the ability to decrypt any message.
The government may have had its way had it not been for the Cypherpunks.
More...
https://financialunderground.com/articles/a-preemptive-strike-against-an-orwellian-future/

2023-12-19 10:09:16

A Preemptive Strike Against an Orwellian Future
https://financialunderground.com/articles/a-preemptive-strike-against-an-orwellian-future/

2023-12-12 19:06:39

- reply

It was published today.

2023-12-12 12:37:39

Can the Government Ban Bitcoin?
Four Things You Need To Know Today
https://financialunderground.com/articles/can-the-government-ban-bitcoin-four-things-you-need-to-know-today/

2023-11-21 14:06:32

American support for Israel during the 1973 Yom Kippur War was the catalyst for the OPEC embargo, which caused the first oil shock. The oil price roughly quadrupled, from around $3 per barrel to about $12 in a matter of days.
It immediately triggered an energy crisis. There were gas shortages and panic in the US as drivers sat in lines stretching for blocks, waiting to fill their gas tanks.
The second oil shock followed in 1979 as crude prices nearly tripled. A large conflict in the Middle East was again the cause—the Iranian Revolution and the subsequent Iran-Iraq War.
A third oil shock occurred in 1990 as Iraq invaded Kuwait, causing oil prices to more than double.
Here’s the bottom line.
Big Middle East wars are often catastrophic for global oil supplies. And supply disruptions cause price spikes. It’s a simple relationship.
This isn’t surprising. Analysts estimate that over 40% of global oil exports come from the Middle East.
Today, the Middle East is again on the cusp of a large regional war between Iran and its allies and Israel and its allies. The conflict could potentially be more destructive than the conflicts that caused the prior oil shocks.
https://financialunderground.com/articles/middle-east-wars-and-oil-shocks/

2023-11-14 00:40:58

A $250 Million War Game and Its Shocking Outcome
https://financialunderground.com/articles/a-250-million-war-game-and-its-shocking-outcome/

2023-11-09 13:30:30

.@`saifedean`
"Israel's claim to Palestinian land based on Israelis having descended from inhabitants of the land 2,000 years ago is absurd. Property rights are individual, not ethnic. There is no sane way of establishing a peaceful civilized society if property rights were subject to dispute by collective entities with vague ancient tales. Civilization can only function if individual property rights are respected and pre-1948, anyone of any religion could own land in Palestine and the system of property rights was accepted by all inhabitants.
European Zionist migrants to Palestine accepted the legitimacy of the system of property rights prevalent there and bought many properties from the locals. They then decided these property rights are invalid, massacred and expelled Palestinians, and refused to allow them to return to their property. No matter what the ethnic history of the land is, nothing justifies these crimes. Yet what makes them even more absurd is that the Zionist claim based on ethnicity doesn't even survive simple genetic analysis: Palestinians are genetically closer to the inhabitants of Palestine 2,000 years ago than the European Zionists who expelled and murdered them based on their supposed ethnicity.
And so today more than 90% of the land controlled by Israel is owned by the Israel Land Authority, a government agency that only allocates it to people who identify as Jewish, regardless of their link to ancient descendants, while denying property rights to the locals who descended from the original inhabitants.
Property rights are the root of this conflict, and not some insane nonsense about religions hating each other. Muslims, Jews, and Christians coexisted peacefully for hundreds of years in Palestine as long as they all had the right to property. Zionism made property rights available only to adherents of a political movement claiming to be an ethno-religious group, and there hasn't been peace since."
-Saifedean Ammous

2023-11-06 18:26:26

The Top 10 Bitcoin Misconceptions Debunked
https://financialunderground.com/articles/the-top-10-bitcoin-misconceptions-debunked/

2023-10-03 13:22:12

For thousands of years, gold has always been mankind’s hardest money.
That is all set to change in a matter of months, and most people have no idea.
https://financialunderground.com/articles/harder-than-gold-faster-than-fiat-2/

2023-09-28 14:03:41

I'll be speaking at the upcoming Expat Money online summit. Check it out!
https://2023.expatmoneysummit.com/?sc=jthDN9aw&ac=Un4mlAMA
https://image.nostr.build/1680b57a8059fc91ba9d49276cbfb75557b587345946d321b46490b2fa9152b2.png

2023-09-05 13:20:42

The people really in charge do not want the average person to have genuine freedom of movement or access to independent power sources.
They want to know everything, keep you dependent, and have the ability to control everything, just like how a farmer would with his cattle. They think of you in similar terms.
That’s why gasoline vehicles have to go and why they are trying to herd us into electric vehicles.
https://financialunderground.com/articles/3-reasons-theres-something-sinister-with-the-big-push-for-electric-vehicles/

2023-09-02 12:36:45

Why are governments going all out to push an obviously uneconomic scam that are electric vehicles?
While they are undoubtedly corrupt thieves and simply stupid, something more nefarious could also be at play.
https://financialunderground.com/articles/3-reasons-theres-something-sinister-with-the-big-push-for-electric-vehicles/

2023-08-28 13:04:48

In warfare, the loser is likely to be the country that goes broke first.
https://internationalman.com/articles/the-outcome-of-war-with-russia/

2023-08-22 15:24:14

Prices are never going back to the levels they were.
It's a new baseline that only gets adjusted higher.
It’s like trying to run on a treadmill where the speed only ratchets up.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 15:11:35

It’s only a matter of time before “fight for $15″—the rallying cry for a $15 minimum wage—becomes “fight for $20.” Then it’s “fight for $50,” “fight for $100,” and so forth.
People should really fight to end the Federal Reserve and the fake money they create out of thin air and force everyone else to use.
It’s the only way to end this insidious cycle that impoverishes everyone except the politically-connected insiders closest to the money printing.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 13:05:11

A trillion is a massive, almost unfathomable number.
The human brain has trouble understanding something so huge. So let me try to put it into perspective.
If you earned $1 a second 24/7/365—about $31 million per year—it would take you over 31,688 YEARS to make $1 trillion.
So that’s how enormous a trillion is.
When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-16 14:53:18

"What passes for economics today isn’t science; it’s more like a religion, where dogma is handed down from on high.
Economists write abstruse papers that are used as reasons for the government to “step in” and “do more.”
Economists have actually become something of a secular priesthood who interpret the doctrines of various prophets.
The dominant prophet for the last century has been JM Keynes." --- Doug Casey
https://internationalman.com/articles/doug-casey-on-how-economic-witch-doctors-convince-everyone-theyre-neurosurgeons/

2023-08-15 13:12:45

BlackRock, Bitcoin, and a Tsunami of Institutional Demand
MicroStrategy Chairman Michael Saylor recently said, “The window to front-run institutional demand for Bitcoin is closing.”
He’s absolutely correct.
BlackRock, Fidelity, Schwab, Citadel Securities, and other large institutions are making big moves into Bitcoin.
With nearly $10 trillion in assets under management, BlackRock is the world’s largest asset manager.
Larry Fink, the CEO of BlackRock, had a remarkable turnaround regarding his views of Bitcoin.
After years of dismissing and denigrating it, Fink recently called Bitcoin “an international asset” to hedge against currency debasement that could “digitize gold” and “revolutionize finance.”
BlackRock has filed for a spot Bitcoin ETF.
BlackRock has an ETF approval track record of 575-1, so it is probably a matter of time before their spot Bitcoin ETF is approved and potentially others. That would open the floodgates for certain large pools of capital—like traditional retirement accounts—that would be otherwise unable to buy Bitcoin.
Let me be clear. I am no fan of Fink, BlackRock, and the nefarious agendas they push.
Frankly, I’d like to see BlackRock go bankrupt and Fink clean toilets to earn a living.
However, it’s important to remember that Bitcoin is an apolitical, open, permissionless monetary network available to anyone and controlled by none. Nobody can be prevented from using Bitcoin.
Bitcoin is for everyone, including people you don’t like.
Some worry that BlackRock could change Bitcoin somehow, but that is unfounded.
Remember, nobody can change Bitcoin’s protocol—not even Elon Musk, Jeff Bezos, the Chinese government, the US government, or any of these powerful entities combined.
Even if Satoshi Nakamoto—Bitcoin’s anonymous cypherpunk creator—returned after disappearing in 2011, he could not alter Bitcoin.
The Blocksize Wars, which culminated in 2017, is proof.
That’s when an overwhelming majority of the Bitcoin miners (primarily based in China)—and other prominent insiders and large companies—tried to get together and change Bitcoin’s protocol to increase the block size.
Even though they represented most Bitcoin miners, some of the most powerful insiders, prominent influencers, and large corporations, their attempted hostile takeover was an abysmal and embarrassing failure.
Instead of forcing a destructive change in Bitcoin—as they desired—they just created an increasingly worthless knock-off known as Bitcoin Cash.
Recently, the market cap of Bitcoin Cash (BCH) was less than 1% of the real Bitcoin’s (BTC) and is trending towards 0%.
I wouldn’t worry too much about BlackRock trying to make an “ESG Bitcoin” or otherwise changing it.
Even if they were foolish enough to do so, I doubt it would be more successful than Bitcoin Cash.
Another worry about BlackRock is that they will manipulate the Bitcoin price by creating more claims on it than what actually exists.
They could sell some fake paper Bitcoin, but it would fail spectacularly and be self-destructive.
Suppose someone like BlackRock wants to manipulate the price of an asset by creating more claims on it than what actually exists.
Taking physical delivery of the underlying asset would be one way to reveal the fraud.
If there are more claims than actually exist, asking for physical delivery will reveal it because the delivery will fail.
Think of taking physical delivery like calling the manipulator’s bluff.
It’s challenging to take delivery of physical commodities traded on large exchanges, which opens the door to creating more claims than actually exist. It’s not easy to call their bluffs.
However, with Bitcoin, taking delivery is as simple as sending an email.
If anyone is idiotic enough to create more claims to Bitcoin than actually exist, revealing the fraud will be much easier than with other assets.
If BlackRock or some other entity tries this stunt, consider it a gift. You’ll be able to accumulate more Bitcoin at artificially lower prices until their Ponzi Scheme inevitably blows up.
Here’s the bottom line.
BlackRock’s colossal shift on Bitcoin indicates that big institutions could soon flood in.
It’s a powerful potential tailwind for Bitcoin.
I think we could be on the cusp of Bitcoin’s next upside explosion.
That’s why I’ve just released an urgent PDF report revealing three crucial Bitcoin techniques to ensure you avoid the most common—sometimes fatal—mistakes.
https://financialunderground.com/reports/survive-and-thrive-during-the-most-dangerous-economic-crisis-in-100-years/

2023-08-15 13:11:51

I am no fan of Fink, BlackRock, and the nefarious agendas they push.
Frankly, I’d like to see BlackRock go bankrupt and Fink clean toilets to earn a living.
However, it’s important to remember that Bitcoin is an apolitical, open, permissionless monetary network available to anyone and controlled by none. Nobody can be prevented from using Bitcoin.
Bitcoin is for everyone, including people you don’t like.
https://financialunderground.com/articles/blackrock-bitcoin-and-a-tsunami-of-institutional-demand/

2023-08-08 18:55:26

In a truly free market, banks would cease to be government-sanctioned Ponzi Schemes and revert to their historical role as independent money warehouses.
Further, anyone could enter the banking business in a free market; you wouldn’t need the approval of the Federal Reserve cartel, as banks do today.

2023-08-08 13:10:08

The notion of a free market in money is laughable.
We don’t have free market money; we have communist money forced upon us with violence and threats of violence.
In a truly free market for money, people would voluntarily choose whatever was most suitable for storing and exchanging value.

2023-07-23 12:07:17

What will the Bitcoin supply be in 5 years?
20,361,265
What will the Ethereum supply be in 5 years?
????

2023-06-20 15:25:23

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What are the pros/cons compared to Phoenix Wallet?

2023-05-21 13:42:36

Bugs are the new seed oils.
The Economist: “We’re not going to convince Europeans and Americans to go out in big numbers and start eating insects… The trick might be to slip them into the food chain on the quiet.”

2023-05-11 13:52:12

Risk free return = return free risk
Lender of last resort = counterfeiting operation to backstop a Ponzi scheme
Fractional reserve = fictional reserves
Policy makers = central planners
Elites = parasites
Federal Reserve = the 5th plank in Marx’s Communist Manifesto
Fiat currency = government Chuck E. Cheese arcade tokens, confetti created from thin air
Interest rates = the price of money and most important prices in the entire economy, manipulated by central planners
Inflation = increase in money supply
Depositors = unsecured lenders to a bank
Bank deposits = IOU from a bank
Deposit insurance = false sense of security
Bail-in = using depositors funds to shore up a Ponzi scheme
Bank holiday = surprise restrictions on depositors to prevent them from fleeing
Haircut = theft
Regulations = anti-competitive barriers to entry to protect large incumbents and empower politicians
Official denial funds are at risk = confirmation funds are at imminent risk

2023-05-02 15:48:35

https://nostr.build/i/cb8bc37e9adfcebd03cdb8706c0d3fda638345c711f63926743d186d80841a07.jpg

2023-04-21 17:03:17

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Monero and all so-called "privacy coins' ARE shitcoins... here's why....
The most important characteristic of a good money is that it is credibly “hard to produce,” which makes it resistant to debasement.
All other monetary characteristics—including privacy and fungibility—are meaningless if the money is easy for someone to produce.
For example, I can obtain good privacy by using physical Argentine peso bills in transactions, but that doesn’t mean the peso is good money.
The same concept applies to so-called privacy coins.
Like all altcoins, it is trivial for privacy coin developers to change the protocol through hard forks, which they frequently do. That means their monetary policies have no credibility, and their scarcity is artificial because the developers can change the protocol. It might be a neat privacy tool, but it won’t be a good money.
It is far better to have a money that is credibly resistant to debasement—like Bitcoin—and build privacy features on top of it rather than start with something that can easily be debased but has good privacy.
More...
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-why-you-should-stick-to-bitcoin-only/

2023-04-11 18:48:36

Three things most people don't know about money in bank accounts...
#1. It's not yours.
#2. It's not there.
#3. It's not money.

2023-04-03 17:56:24

It’s hard to overstate how much the petrodollar system benefits the US. It’s the bedrock of the US financial system and has underpinned the dollar’s role as the world’s reserve currency since the 1970s."
Is this era coming to an end?
https://financialunderground.com/articles/is-the-collapse-of-the-petrodollar-imminent-heres-how-it-could-impact-the-worlds-reserve-currency/

2023-03-07 11:00:15

Bitcoin is the only commodity where higher prices cannot induce more production and supply, eventually lowering prices.
A supply response is not an option.
That means the only way Bitcoin can respond to an increase in demand is for the price to go up.

2023-03-02 00:55:25

The Top 3 Reasons The US Has Entered The Inflation Death Spiral
https://www.zerohedge.com/personal-finance/top-3-reasons-us-has-entered-inflation-death-spiral

2023-02-09 13:20:07

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Thankfully yes they are there... now how do I restore them? Is it manual or do I login there?

2023-02-09 13:07:38

I just lost all my follows...
It appears because I was trying out different Nostr clients.
Has this happened to anyone else? What can be done about this?

2023-02-05 17:08:44

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Amethyst works well.
https://play.google.com/store/apps/details?id=com.vitorpamplona.amethyst

2023-02-04 19:33:50

There has rarely been a period when the Bitcoin price was lower than it was four years ago.
That’s why the 200-Week Moving Average (200 WMA) is a helpful metric, as it contains nearly four years of price data—around the length of a halving cycle.
Think of the 200 WMA as a floor on the Bitcoin price. Historically it has marked the bottom.
Will it mark the bottom in the future too? Nobody knows for sure, but I think it’s a reasonable proposition. As always, though, past performance is not an indication of future results.
In its history, the Bitcoin price has touched the 200 WMA a few times, and they were fantastic buying opportunities.
https://nostr.build/i/nostr.build_0d0cd265d4c45a983406182e73a9a2a24ff0b2e4498dee99c87ce518b28adc48.png