George Manolov's avatar
George Manolov
manolov@primal.net
npub1ydua...utvr
๐Ÿ“š Publisher http://BitcoinReady.bg
George Manolov's avatar
BitcoinReady 2 years ago
The status quo: - 195 central banks - 180 easy currencies - 195 inflationary policies melting your savings Disrupting the status quo: - 1 decentralized bank - 1 hard currency - 1 deflationary policy protecting your savings #StudyBitcoin at BitcoinReady [dot] me image
George Manolov's avatar
BitcoinReady 2 years ago
"Inflation is decreasing" they said. What they actually mean is: ๐Ÿท You were obese in 2020. Since then you have been gaining weight every month and every year... In 2020 you were 130 kg ๐Ÿท In 2021 you were 135 kg ๐Ÿท๐Ÿท In 2022 you were 140 kg ๐Ÿท๐Ÿท๐Ÿท In 2023 you are 150 kg ๐Ÿท๐Ÿท๐Ÿท๐Ÿท And the amazing news is in April 2023 you gained less weight than in March 2023!!!! ๐Ÿฅณ Makes total sense, right? #LearnMath and #StudyBitcoin image
George Manolov's avatar
BitcoinReady 2 years ago
We witnessing a controlled demotion of the US banking system. The US Central Bank is governed by very smart folks. They knew perfectly well that raising interest rates would make banks insolvent. They still did it to reach their proclaimed goal: "decrease inflation". And that truly was one of their goals. But I am sure they had more goals. They know very well that the financal system is bankrupt. And they have 3 options: 1. Maintain a consistently high inflationary monetary policy to decrease debts. 2. Introduce Central Bank Digital Currencies so they can implement monetary policy on an individual level (communism 2.0). 3. Another option that I don't see but maybe you can help me see in the comments :)? A major crash/recession unfortunately seems inevitable. And every crisis is a perfect opprutnity to introduce more control and limiting of freedoms. Like what we have seen in the crises in: - 1907 - banking crisis in USA which led to the nationalisation of USD - 1914 - WW1 and brrr* to finance ther war - 1933 - USA confiscated its citizens' gold (essentiall brrr* ) - 1971 - USD currency crisis -> USD no more backed by gold (brrr* again) - 2001 - Patriot act and brrr* to finance the war and kill the terrorists - 2008 - Recession and brrr* to save the banks - 2020 - Lock-downs and brrr* to save the economy - 2023/4/5 brrrrrrrr *brrr is a meme referring to central bankins printing of money Thank god for Bitcoin! Subscribe to my #BitcoinReady newsletter (link in my profile) or subscribe to Christine Lagard's #CBDCReady newsleetter to avoid bitcoin and freedom.
George Manolov's avatar
BitcoinReady 2 years ago
We are living through The Great Monetary Transition! Money tomorrow will not work as it does today. Here is how we got here and what is coming: The Great Monetary Transition! Money tomorrow will not work as it does today. Here is how we got here and what is coming: 1. Age of Gold 600BC - 1913 People across the world used gold & silver as money. They were: - Issued in a decentralized way (anyone could mine money) - Hard to inflate (you had to mine gold) - Counterparty-free money (if you held it, it was truly yours) 2. Transition 1913 - 1971 The US Central Bank (CB) started a transition period. Money became: - Centrally issued banknotes (only CBs could issue) - Partially backed by gold (CBs started to inflate money) - Dependent on a counterparty (CBs could confiscate all money) 3. Age of Central Banks 1971 - 2009. Banks nationalised money & issued 200 fiat currencies: - Centrally controlled & managed (only CBs can issue fiat) - Infinite โˆž inflationary money (they say inflation is "healthy") - Dependent on a counterparty (CBs can confiscate all money) 4. The Great Transition 2009 - 20?? Bitcoin started the transition to digital gold-like money. This could be a smooth transition, but it will likely be messy. Small fiat currencies will go to zero...sometimes very quickly. USD will likely survive the longest of all fiat money. 5. Age of Bitcoin 20?? People worldwide will use one money: bitcoin. Like gold, it is: - Issued in a decentralized way (anyone can mine bitcoins) - Impossible to inflate (nobody can print bitcoins) - Counterparty-free money (if you hold it, it is truly yours) The Great Monetary Transition can be hard, confusing, even disastrous. It also brings tremendous opportunities for the curious ones. After the transition, a new Renaissance will likely follow! #StudyBitcoin & money so you can better navigate this great transition. The bad news is during the previous transition we had: - 2 World Wars - Multiple economic crises - Extreme right & left parties The good news is unlike fiat, bitcoin disincentives wars and boom & bust cycles. Still bitcoin's adoption will be volatile. It can't be any other way. Tomorrow, in my newsletter, I will share the 21 steps for bitcoin to become Global Money. It has already completed 10. 11 more to go! Subscribe at image
George Manolov's avatar
BitcoinReady 2 years ago
A 5-year old asks: โ€œWhy does every country have its own currency ๐Ÿง ๐Ÿค” โ“โ€ What would you reply? image
โ†‘