And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Monday, December 16, 2024
Once you understand what money is, and what are its characteristics, a lot becomes clear.
All well and good. So long as the grid is healthy. If it’s not tangible, held in your hand, it’s faith. Bitcoin also is not very user friendly nor widely accepted. As a Christian, I am not willing to put faith into digital that can disappear with a keystroke, or an absence of electricity. Even money in my bank can disappear in an instant. The philosophy shared is great otherwise. But to each his own.
If you're going to invest in gold, get the lighter weights, such as 1 gram. I can't imagine trying to buy everyday needs with a 1 oz coin. Who's going to have change for that?
My plan is to use silver coins for the every day stuff and gold is what I pass to my kids to get them started. It is also what I would use to rebuild after something awful.
The economic answer: a medium of exchange and a measure and store of value. So what is a bitcoin worth? I know what a gallon of gas costs in dollars, and a pound of ground beef. In bitcoin? Might as well ask me about dinar, rubles or rupees.
Largest money stealing/laundering racket going. Strange how soon people forget that 75 billion that simply disappeared only a couple years ago. Developed for the ones running things so they can more easily get their ill gotten gains back into the system as legit, the suckers bet aspect is like icing on the cake. They are burning the midnight oil though, to develop true quantum AI, in order to fully control the entire worlds money supply, where digital currency rules, no more dirty dollars that way, total control of allocation of fiat. Near 2 Trillion a year potential just on the first skim. Mind beggaring greed and avarice.
I've been tied up with odds and ends for the past couple of days, and haven't watched the video yet, but that said, this just seems to be obligatory: The Creature From Jekyll Island .
All these podcasts/shows have the same recipe: Let me spend 50 minutes telling you every reason why you should be afraid of your own shadow, let me blame all your fears on "they" and let me offer you a great solution for all the fears I just introduced. The solution just happens to be available for sale for the low-low price of $1,253,584 but you better buy now because quantities are limited!
Tim Pool with bitcoin, Alex Jones with vitamins, Sean Hannity with gold...
To all these snake oil salesman only want to make sure that you stay scared and keep buying
There is so much wrong with this video that is not even funny.
It starts with "If they can debase your money... they can debase you..." So now we are accepting as true gospel that the VALUE of a person is the VALUE of his/her assets??? If the dollar loses value and I hold a lot of dollars, then my net worth goes down. My value as a person remains unchanged. Ask you lowed ones if they love you more or less if your 401K goes up or down. If the love you more the higher your net worth then you are with the wrong people! I cried like a baby the day my father died, my dad's net worth remained unchanged but I cried because his value to me went far beyond his savings account balance.
The video later goes on to say that dollars are worthless because "...the government can print more...". If we accept that premise as true then bitcoin should be worth even less than a dollar! Only the US government can print US dollars on the other hand ANYONE with basic technical skills can create new bitcoin in around 10 minutes!
Bitcoin is valuable because many people agree it is valuable. As soon as people begin doubting it's value the whole thing will implode. When will happen? Nobody knows but it will happen sooner or later. Like any other fiat currency, the dollar's value depends on the economic activity and outlook of the United States. The same is true about the euro, yen or the colombian peso. Do not confuse the value of currencies relative to each other with the effect of inflation on the purchasing power of each currency. They are related but they are not the same.
Jack Mallers is the Founder and CEO of Strike.
ReplyDeleteHis comments here are spot on.
All well and good. So long as the grid is healthy. If it’s not tangible, held in your hand, it’s faith. Bitcoin also is not very user friendly nor widely accepted. As a Christian, I am not willing to put faith into digital that can disappear with a keystroke, or an absence of electricity. Even money in my bank can disappear in an instant. The philosophy shared is great otherwise. But to each his own.
ReplyDeleteI'm hung up on
DeleteWhat would an EMP do to Bitcoin?
Gold is the answer.
ReplyDeleteRight on
Deletelow denomination greenbacks and silver coins is my preference
ReplyDeleteYes, junk silver will be awesome.
DeleteIf you're going to invest in gold, get the lighter weights, such as 1 gram. I can't imagine trying to buy everyday needs with a 1 oz coin. Who's going to have change for that?
ReplyDeleteMy plan is to use silver coins for the every day stuff and gold is what I pass to my kids to get them started. It is also what I would use to rebuild after something awful.
DeleteUnfortunately the vig gets worse the smaller the weight of the coin.
DeleteOn the bright side, I suppose they're less likely to be counterfeit Chinesium.
Pamp Suisse 1g gold comes with proof of authenticity.
DeleteNot impressed. Bitcoin=spycoin. Why not buy and stash transparent small lesser coins...? That do not spy on you?
ReplyDeleteThe economic answer: a medium of exchange and a measure and store of value. So what is a bitcoin worth? I know what a gallon of gas costs in dollars, and a pound of ground beef. In bitcoin? Might as well ask me about dinar, rubles or rupees.
ReplyDeletea gal of gas is worth about a dime of silver
DeletePrivacy crypto...
ReplyDeletehttps://www.brighteon.com/f71f0eb5-b940-4e55-8183-d0cb6f96de38
IF Bitcoin was beyond manipulation by those in power it would be illegal. Plain and simple.
ReplyDeletePokemon cards are tangible, and just as valuable as gold or silver 😁. Plus my grandkids like to look at and trade them. Just another fiat currency.
ReplyDeleteLargest money stealing/laundering racket going. Strange how soon people forget that 75 billion that simply disappeared only a couple years ago. Developed for the ones running things so they can more easily get their ill gotten gains back into the system as legit, the suckers bet aspect is like icing on the cake.
ReplyDeleteThey are burning the midnight oil though, to develop true quantum AI, in order to fully control the entire worlds money supply, where digital currency rules, no more dirty dollars that way, total control of allocation of fiat. Near 2 Trillion a year potential just on the first skim. Mind beggaring greed and avarice.
with control of the money comes control of the food. start preparing your spring 'victory' garden now!
ReplyDeleteI've been tied up with odds and ends for the past couple of days, and haven't watched the video yet, but that said, this just seems to be obligatory: The Creature From Jekyll Island .
ReplyDeleteTim Pool is a Russian asset.
ReplyDeletehttps://www.theguardian.com/us-news/article/2024/sep/05/tim-pool-benny-johnson-influencers-russia-disinformation
Needles to say that he has not returned the money once it was shown that it came from Russia.
Bitcoin is the latest scam in a long line of scams. Have cash and silver. Might get some gold but that is priced to the moon.
ReplyDeleteAll these podcasts/shows have the same recipe: Let me spend 50 minutes telling you every reason why you should be afraid of your own shadow, let me blame all your fears on "they" and let me offer you a great solution for all the fears I just introduced. The solution just happens to be available for sale for the low-low price of $1,253,584 but you better buy now because quantities are limited!
ReplyDeleteTim Pool with bitcoin, Alex Jones with vitamins, Sean Hannity with gold...
To all these snake oil salesman only want to make sure that you stay scared and keep buying
There is so much wrong with this video that is not even funny.
ReplyDeleteIt starts with "If they can debase your money... they can debase you..."
So now we are accepting as true gospel that the VALUE of a person is the VALUE of his/her assets???
If the dollar loses value and I hold a lot of dollars, then my net worth goes down. My value as a person remains unchanged. Ask you lowed ones if they love you more or less if your 401K goes up or down. If the love you more the higher your net worth then you are with the wrong people! I cried like a baby the day my father died, my dad's net worth remained unchanged but I cried because his value to me went far beyond his savings account balance.
The video later goes on to say that dollars are worthless because "...the government can print more...". If we accept that premise as true then bitcoin should be worth even less than a dollar! Only the US government can print US dollars on the other hand ANYONE with basic technical skills can create new bitcoin in around 10 minutes!
Bitcoin is valuable because many people agree it is valuable. As soon as people begin doubting it's value the whole thing will implode. When will happen? Nobody knows but it will happen sooner or later.
Like any other fiat currency, the dollar's value depends on the economic activity and outlook of the United States. The same is true about the euro, yen or the colombian peso. Do not confuse the value of currencies relative to each other with the effect of inflation on the purchasing power of each currency. They are related but they are not the same.
ercsr62fg2
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