What Is Going On In The World?
Shortages, Assassinations, Currency Crises
(Listen to audio version of me reading👆)
Sri Lankans storming President’s palace,
Japanese prime minister getting assassinated,
Bonds and inflation violently swinging,
Crypto exchanges blowing up,
Chinese citizens getting frozen out of accounts on bank run,
Credit cards going through roof and savings plummeting,
Auto repos going up,
Shortages and rumors of massive supply chain issues,
Russia getting dollar reserves frozen,
China and Russia going around dollar,
US government squeezing small businesses,
Admin not renewing oil leases and shutting down coal mines,
Inflation higher and higher…
They want one world government aided by CBDC.
I believe most humans can sense something brewing in the world.
Sense a revolution brewing.
It may not be a war or revolution between countries or classic civil war.
It most likely will be a war between ideologies;
Communist versus capitalist.
The globalists versus the individual.
Strong property rights advocates versus those who believe the “state knows best.”
All the tightening from the Fed blowing up the world while others like Japan and ECB loosen makes you think they have the CBDC ready so now can they officially let the bottom fall out? Anyone?
This exact scenario is why many investors that are very wealthy have opined that the federal reserve is between a rock and a hard place.
If the Fed raise rates and tightens policy too much it will send the whole world along with the United States into severe recession and possible depression.
However, if they don’t raise rates than inflation is going to continue spiraling out of control.
Evidenced by the new consumer price inflation print from today that came out at 9.1% which is another record and continues to climb.
Who’s looking out for you?
Bitcoin is 100m people strong. It is it’s own country of people with same values.
Are you countrymen with someone because they were born next door?
Or because they hold the same values?
People used to come to America because they had similar ideas and values and sought freedom from oppression.
Now as we have gone down the road a few generations people have seemingly forgot the work and effort that goes into sustaining and maintaining that freedom.
As evidenced by the population growing and the percentage of the population that directly fights in conflict or serves in the military to protect that freedom.
As that percentage of population decreases that has skin in the game the percentage of entitlement in the country grows.
Coincidence?
No proof of work.
Or it could be things like less people paying taxes equals less skin in the game and less freedom because many have figured out it’s easier to vote their way to wealth rather than work for it.
In short time span reality can be suspended but as Ayn Rand points out “we can evade reality but we cannot avoid the consequences of reality.”
Is it such a frustrating time because we are living through times that were written about where the good actors wonder why it makes sense to go to work when they are just paying off the people who do nothing all day.
This is when empires fall.
The breaking point.
“The Law” by Frederic Bastiat
Does it feel like you are in neutral and getting nowhere seemingly but those who do nothing are winning and sucking off of you?
Entitlements and zombie companies are ok to exist while squeezing the good actors.
Do you get ahead by work or by plunder?
Proof of stake for most of the alt-coins or the fiat currency system is built on plunder.
This is because many have realized that plunder is easier to take from the haves instead of doing the work.
Bastiat says we can only have it 3 ways;
The few plunder the many.
Everybody plunders everybody.
Nobody plunders anyone.
Why Bitcoin is great. Proof of work.
More tomorrow on why Bastiat was controversial and how bitcoin solves these problems.
Hence why many say, “bitcoin fixes this.”
Stay strong,
Brandon