Erik The Decentralist's avatar
Erik The Decentralist
cmediumerik@iris.to
npub1w2dn...5lz2
I love humans and decentralization. This is why I love Bitcoin and thats why I'm here
"Pssst: Your bank stocks are about 4X overvalued. #bitcoin    is about 40X undervalued. Bingo!"-Greg Foss
It’s all a bailout You can’t “backstop” a bank with imaginary money.
We are facing a systemic banking crisis. But it's not all bad. Here is where you can find hope in the chaos: We're all well accustomed to the fed starting fires and putting them out; Widespread bank failures so far; • Silvergate Bank • Silicon Valley Bank • Signature Bak • Credit Suisse • First Republic Bank Banks make risky moves with your cash so they can profit. Making the money, you deposit into the bank a risk asset. They risk your cash for their gain. Banking Crisis Created by The Fed The Federal Reserve was so worried about inflation that it wanted to slow the economy. They did this by removing liquidity from the economy by raising interest rates. The Fed raised rates too quickly, which led to the banking crisis. The Fed "Saves the Day" This week, The Fed injected billions of dollars into the banks. This is an issue because they have yet to win the fight against inflation. So now the Fed is fighting a systemic banking crisis with sticky inflation. Creating a lose-lose situation Forever State of Inflation The Fed is protecting against bank failure. So, we need to get used to a system of inflation. Pandora’s inflation box has been opened and won’t go back in. The issue is only some understand inflation and investing. Creating a widened wealth gap. #Bitcoin is Thriving #Bitcoin is up 65.97% YTD, with 35.29% coming after the bank failures started. Many think #Bitcoin is a risk asset, but they are again being proved wrong. image
REMINDER Inflation works because people don't seem to mind having their money stolen in slow motion.
WARNING Always be suspicious of people who quote Institutional objectives, speak of Institutions in the third person or conflate them with "the group". At some point, these people have compromised their integrity and individual sovereignty in exchange for Institutional favor or they're in an echo chamber. If Institutions were human, they'd be psychopaths. But they're not human, they're a system. Every Institutional system on earth has the same priority; Expansion at all costs, even itself. image
THE STATE: Lets spend the next 50 years using inflation to knock out 87% of peoples wealth while leaving wages flat... It's so slow, nobody will notice... image
REMINDER A Deflationary world is amazing for us but terrible for the state.
QUESTION; If $400 Trillion wasn't printed globally over the past 50 years, do you think house prices would have increased?
QUESTION; Over the past 20 ith yeaes $185 Trillion has been printed globally to create $45 Trillion in growth... Does this math look healthy to you?
REMEMBER "Money itself is a confidence game."-C Long It always has been.
REMINDER People are angry because they're victims of the biggest heist in human history..... The global monetary monopoly and their fiat currency.
REMINDER The problem isn't person, party or institution; It's the core of the monetary system thats the problem.
REMINDER; ALL BANKS ARE ILLIQUID AND/OR INSOLVENT AT ALL TIMES. The business of Banking is fraud.
STOP ARGUING WITH INSTITUTIONALIZED 1% ERS- THEY'LL JUST ARGUE LIKE 5 YEAR OLDS. They knows bitcoin is better.. they're just on side of the 1%. The inflationary pyramid scheme institutions where the 1% gain while the 99% lose. They don't want equity or peace or individual sovereignty. They don't want to share or give up his privilege at the top and they'll do what it takes to keep it. Fight them relentlessly by producing, creating and moving forward. Fight them with action.
Bitcoin VS Fiat? It's like comparing apples to oranges.... and the oranges are worth more
We are energy. We are vibrations. We are beings of light. Our single purpose is to experience. Things don’t happen to us they happen for us. Twitter's near-zero impedance let’s us resonate with one another at higher frequencies than ever before. Connect. Experience. Evolve
A little less than 35 years at a steady 2% rate to lose HALF your purchasing power. You’ll never notice! image
99.5% of people don’t know how money is created. That is also why 99.5% don’t own any #bitcoin   . image