It's sad that Peter Schiff is spot-on about the failures of our financial system, but at the same time completely misses the mark with his proposed solution. #Gold #Bitcoin

Antagonising 🇷🇺Russia and about to be kicked out of West Africa. Strategic blunders by 🇫🇷France. It's real competition with 🇹🇷Türkiye over the Mediterranean hasn't even started but 🇫🇷France is already at a disadvantage. #geopolitics

"There is a kind of serenity in #Bitcoin which is almost a paradise." -Alain Badiou

The taller the building, the stronger the foundation. #Bitcoin

#Bitcoin #art: https://m.primal.net/HHvF.jpgThe Balcony (1868) - Édouard Manet

Will the #Bitcoin standard do to Central America in the 21th century what the #gold standard did to Europe in the 19th century?

"#Bitcoin is a glimpse of the unseen." -Anaxagoras

#Bitcoin #art: A Burial At Ornans (1849–1850) - Gustave Courbet

Why Peter Schiff is right… about our system We often tease Peter Schiff for sticking to #gold while its replacement #Bitcoin has already arrived. And rightly so because by advocating for gold he is doing neither himself, nor his followers a service. But credit where credit is due: his analysis of the problems in our current financial system are spot on! He probably influenced countless Bitcoiners in their thinking about the financial system. In his recent conversation with Jordan Peterson, Peter Schiff made some really good points: Here's what you need to understand about inflation “Inflation is a bigger threat now than it has ever been because of the fiscal predicament the major governments have put themselves in.” Government debt is increasing exponentially, and it seems nobody can stop it. There are just three ways to decrease this debt: Spend less (which most governments seem incapable of doing), Increase taxes (which people don't like) or Reduce the value of money by printing more of it (this makes the debt seem smaller). The threat Peter Schiff refers to is option 3) because it is the easiest way for governments to get out of their fiscal predicament. And most people won’t realise it's happening. Gold kept governments honest “With the gold standard the only way for governments to get money is through taxes or spending less. It couldn’t print it, because gold had to be mined. And was a way to keep the politicians in check.” Fiat allows politicians to print as much money as they want and use it however they see fit. This gives them a lot of power to interfere with our lives. The extreme measures taken during the Covid crisis are a recent example. The problem is, because there's no limit on how much money can be printed, a lot (if not most) gets misallocated. With the gold standard, governments had to be careful about how they spent their money, which led to better decisions. CPI numbers are being manipulated “Governments keep their own scorecard on inflation and while the basket of goods to calculate it used to be the same always. Now the basket changes and the government can add and take out products from the basket. And it is no surprise that usually they take out the products that went up in price.” Because the basket keeps changing, CPI is a terrible way to measure inflation. Its “flexibility” makes it easy to hide the fact that money is being devalued. Until they can't hide it anymore, even with the changing basket - a situation we're currently in. This is when you'll start to hear talk about changing the basket formula to "more accurately reflect the real situation". People are going to leave “The trajectory of debasement and money printing we are on means people get less and less benefits from the government and at one point (young) people will simply leave.” Countries are in competition with each other for capital and the best talent. Those with good fiscal policies and strong currencies will draw talents (and their money) from countries with bad policies and weak currencies. What I find hard to believe is that @schiff really thinks they will be taking their life savings in gold. Instead of using a 24-word sentence they memorised… The US’s main export is money “Where the rest of the world has to produce stuff to import stuff, the US can just print dollars and export these. Therefore Americans leave above their means while the rest of the world lives below their means.” Most Americans are probably not aware, but the rest of the world is very aware. This causes a lot of anger towards the US and is an important reason why other countries are trying to find ways to stop using the dollar as their backup money.

I’ve been so stupid to lose my NOSTR private key and had to start a new account. For content on #Bitcoin , #geopolitics and #geobitcoin, please follow me at: npub1c8vuqfy3xshsxskyjgvr53hdy3c9jgcdxh3f8zvj0gt4hel8rumsz3e2ls Thanks.

I’ve been so stupid to lose my NOSTR private key and had to start a new account. For content on #Bitcoin , #geopolitics & #geobitcoin, please follow me at: npub1c8vuqfy3xshsxskyjgvr53hdy3c9jgcdxh3f8zvj0gt4hel8rumsz3e2ls Thanks.

I’ve been stupid enough to lose my NOSTR private key and had to start a new account. For content on #Bitcoin, #geopolitics and #geobitcoin, please follow me at: npub1c8vuqfy3xshsxskyjgvr53hdy3c9jgcdxh3f8zvj0gt4hel8rumsz3e2ls Appreciate!

#Bitcoin is not only revolutionising finance but will also transform customer experiences. Starting with loyalty programs, it will tackle the most common customer-centric issues. Shopping will be more fun and rewarding than ever before!

#Bitcoin will turn around the business models built on data... Instead of the brand owning your data and making money of it.. You will own your data and make money of it.

Only weak countries will have to choose. Strong countries like Russia and India. And the EU and Japan in the future (if they play their cards right) can and would do best by staying neutral. #geopolitics

Foreign Affairs

The Myth of Neutrality

Countries will have to choose between America and China.

Guys, just cut the crap and adopt #Bitcoin already. If BRICS wants to take a swing at the US it’s only chance is the world’s best monetary technology.

Bitcoin News

Russia's Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges

The governor of Russia's central bank says the creation of a common BRICS currency "requires the consent of many parties."

Loyalty points expire b/c they are a cost on the balance sheet of companies. Sats that do not get redeemed are assets on the balance sheet. They don't have to expire...

Damus

BitopiaLand on nostr

#Bitcoin: The Future of Customer Loyalty Programs Loyalty progr

Why would you wait until you have accumulated enough loyalty points..? And redeem them for products the brand has chosen for you..? Why not earn sats and spend them right away?!

Damus

BitopiaLand on nostr

#Bitcoin: The Future of Customer Loyalty Programs Loyalty progr

Hahaha... Top #fiat in 18th century Britain. Hire a hermit for in your garden…

Smithsonian Magazine

Ornamental Hermits Were 18th-Century England's Must-Have Garden Accessory

Wealthy landowners hired men who agreed to live in isolation on their estates for as long as seven years

Can’t wait to see this one…

Smithsonian Magazine

The Trailer for Ridley Scott's 'Napoleon' Is Here

The new film stars Joaquin Phoenix and follows the ambitious French ruler's rise to power