“This observance will be for you like a sign on your hand and a reminder on your forehead that this law of the Lord is to be on your lips. For the Lord brought you out of Egypt with his mighty hand.”
Exodus 13:9 NIV
““This is the covenant I will make with them after that time, says the Lord. I will put my laws in their hearts, and I will write them on their minds.””
Hebrews 10:16 NIV
“And the smoke of their torment will rise for ever and ever. There will be no rest day or night for those who worship the beast and its image, or for anyone who receives the mark of its name.””
Revelation 14:11 NIV
“And the smoke of their torment will rise for ever and ever. There will be no rest day or night for those who worship the beast and its image, or for anyone who receives the mark of its name.””
Revelation 14:11 NIV
“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads,”
Revelation 13:16 NIV
““Say to the Israelites, ‘You must observe my Sabbaths. This will be a sign between me and you for the generations to come, so you may know that I am the Lord, who makes you holy.”
Exodus 31:13 NIV
We live in a society now where it’s just first, who cares…get it out there, we don’t care who it hurts, we don’t care who we destroy, we don’t care if it’s true, just say it…sell it.
-Denzel Washington
Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.
“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
-Satoshi Nakamoto
There are no solutions, only trade-offs. When looking at the world through a lens that identifies resources in terms of their scarcity you’re forced to consider the following:
Scarcity forces us to weigh the pros and cons of how we use our resources and make trade-offs. The scarcity of a particular resource will determine one’s behavior when interacting with that resource.
Start putting a value on items you see in a store in terms of hours of your life it will take you to earn enough of your nation’s currency to purchase that item.
For example…Those $200 pair of shoes will take me 8 hours of my life that I can never get back to purchase. If the shoe enables you to work more efficiently subsequently enabling you to earn more, it could be worth the purchase. If the shoe cannot enhance your productivity, or efficiency you may choose to not purchase the shoe.
My son started a small business and now he values his time differently. I heard him tell his sister that he’s not spending his money on something she asked to him to buy because it will take him “X” amount of time to earn that money back. On his own my son made a choice about how much his time is worth and realized his time was worth more than a material item. His behavior (time preference) changed because of his experiences.
Give your children the necessary experiences to change their behavior. Whatever that means for you (not telling anyone how to parent). This must be an intentional effort on our part as parents.
Hope this inspires someone.
Peace & Love
Why would you want to let the public know what you’re spending money on?
When I use Venmo I see transactions from many of my coworkers and phone contacts.
Is there any good reason to allow the public to see these transactions…?
US Congressman Thomas Massie has read The Bitcoin Standard and enjoyed it so much he tabled legislation to end the Fed! He joined @Saifedean Ammous to discuss The Bitcoin Standard, Austrian economics, American politics, AIPAC and much more!