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deeznuts
deeznuts@crypto.im
npub13tku...llwf
Enthusiasm enthusiast. “No Amount Of Violence Will Solve A Math Problem” Excel at research, analysis and meme-lording: https://memeticresearch.group/?page=contex.st
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deeznuts 17 hours ago
- The document discusses the imminent crisis of debt-debasement and the need for a response to avoid economic collapse. - The foundation of the US dollar debasement narrative is TINA (There Is No Alternative), asserting that reversing debt expansion is impossible in a debt-dependent economy. - Without ongoing debt expansion and dollar debasement, the economy faces a crash; continuing these practices is viewed as the status quo solution. - Those holding crypto, precious metals, and tangible assets are expected to survive the crisis and emerge wealthier as these assets are not tied to fiat currencies. - Power holders are aware that allowing currency collapse threatens their own wealth and should consider less severe options to avoid a total collapse. - Historical patterns show that governments allowing currency collapse face dire consequences, prompting leaders to seek alternatives to the debasement death-spiral for self-preservation. - The document suggests a need for a strategy that distributes the pain of economic adjustments evenly to prevent revolt from the bottom 80% of the population. - The past 50 years have seen wealth concentrated in the top 10%, with the bottom 50% owning only a small fraction of financial assets. - To reverse the debt-debasement spiral, dependence on rising debt and money supply must end, requiring a painful recession to clear excesses. - Proposed solutions include raising Treasury yields to attract global capital and reduce debt-fueled consumption, alongside allowing necessary bankruptcies to restore market discipline. - The Federal Reserve should cease creating new money, leading to a stronger dollar and reduced consumption, impacting both workers and employers positively. - A rebalancing of federal obligations and revenues is necessary, including taxing unearned income and ending excessive funding to favored sectors. Re-Set: Reversing the Debt-Debasement Death-Spiral Shared via
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deeznuts yesterday
New carry piece: Kel-Tec PR-3AT 14 rounds of 380, super lightweight and concealable I make my own holsters out of 5-6 oz vegetable tanned leather. They are so comfortable I have taken naps strapped. If I had more time I would make them for Bitcoin. They are the opposite of what people are apparently into: horribly uncomfortable kydex that is just unwearable
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deeznuts yesterday
Anyone making tshirts here on Nostr for Bitcoin?
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deeznuts 2 days ago
"there’s one section of the interview that sounds like it could’ve been narrated by Creature From Jekyll Island author G. Edward Griffin. Quoth Epstein: There’s a fundamental part of money, which is called “fractionalized banking.” And fractionalized banking is something that finance people understand. And the people on the street—and when I say “people on the street,” that’s where I was when I started on Wall Street—would find it impossible to believe. Impossible. Why? Bannon bank. I give you $1. Just one single dollar. In our system of banking, I would say, “Okay, Steve, I gave you a dollar. How much could you lend out to your friends?” And your natural reaction would be, “Probably something less than a dollar because I want to keep something in my pocket.” The way our system works is if you as a bank are holding my dollar, you can lend out an additional eight or nine dollars. No, it’s impossible. I only have a dollar, Jeffrey. We have something called fractionalized reserves, which is if you have one, you can lend out nine. That’s the way our system works. And so not only do world leaders not understand banking, but the man on the street, my father, who worked in the park department, it would be beyond his imagination that people could lend out more money than they actually had in their pocket. In addition, Jeffrey Epstein says there would be “runs on the bank” if the public understood how the banking system works." (2) 10 Things I Learned From the Epstein Files Shared via
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deeznuts 2 days ago
GM! Already a great day… I had no idea the power I had over other minds using this one simple phrase that triggered a lunatic before I even got out of bed Glory be to Nostr!