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BitcoinMendocino
bitcoinmendocino@nostrplebs.com
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#Bitcoin is the alternative financial system for local communities at a time of inflation and spiraling national debt. #Mendocino California.
92 years ago today the US government banned private gold ownership under Executive Order 6102. image
As of the most recent data available in early 2025, the U.S. national debt is approximately $36.2 trillion. This figure is based on reports from sources like the U.S. Treasury. image
“Good morning. The US government is considering raising the debt ceiling by $4 trillion to a limit of $40T, an increase of over 100% in just eight years. Have a great day.” ~ James Lavish image
A new IMF report on global payments recognizes Bitcoin as a "store of value.” The International Monetary Fund (IMF) updated its Balance of Payments and International Investment Position Manual (BPM7) as of March 20, 2025, and this update includes recognition of digital assets like Bitcoin as stores of value, alongside stablecoins as means of payment. image
When a community spontaneously adopts bitcoin as a local currency people can start to save for the future and can circumvent the ongoing drag of inflation. ~~~ 2025 Federal deficit: $1.9T National debt: $36.5T image
Bitcoin vs. Inflation: The Essential Guide You Never Knew You Needed