Hello, plebs. I am so grateful for you in any and every form. You are loved without condition, just for being you. I wish you peace and happiness. And I hope the day's beauty and blessings fill your soul, warm your heart, tickle your brain, and set your face aglow with easy laughter. Enjoy your day. ๐ฏ
Toby McMann
npub1elqf...xw9h
Bitcoin enthusiast | Nostr only
Nosce te ipsum
PRO TIP: Do not take advice from anyone who told people to take the COVID vaccine.
Milton Friedman drops truth bombs on socialism and central control. Power to the individual. Power to Nostr, and bitcoin.
Bitcoin is an incorruptable ledger.
Which is to say, Bitcoin is Truth available to all, without force or the need for Faith.
It is peace and honesty.
Nothing exists like it anywhere.
AI, if the game changer some folks think, will be so deflationary it will crush overly indebted nations who are reliant on inflation. These countries will need to monetize so much debt, their currencies will collapse (either gradually or suddenly, it is inevitable). Those who adopt sound money quickest win. You don't want to be late to this party.
I am increasingly seeing China's latest strategy (of requiring payment in yuan for passage through the strait) as kinda brilliant for them.
Trump cannot allow the price of crude to sustain above $100. And China is saying "Hey, you want oil to sail through the strait and the price of oil steady, fine -- so long as you stop using the US dollar."
It is the same Achilles Heel China attacked during Trump's "tariff tantrum" a year or so ago. Bessent, "The US has the upper hand." China, "Really, how about we dump all of our Treasury holdings on the market?" Bessent. "Yeah, I think we can bring tariffs down."
The longer this war goes on, and the more China uses the situation to encourage the world to take another step towards de-dollarization, the more it causes inflation in the US -- both from energy, things like fertilizer, and in terms of the Fed needing to print money / debase the currency to soak up declining demand for dollars / US treasuries.
Trump is stuck. Where is the win? He was hoping for quick regime change, and got it wrong. No plan for the closing of the Strait. I can see Trump chickening out, and Iran/China/BRICS still not accepting dollars to pass through the Strait.
And, what next? Maybe China says, "you want our rare earth minerals. Okay. Pay us in yuan." Or gold. Or Bitcoin.
This is the same playbook Russia used when taken off Swift. They sought to de-dollarize. "You want our oil and gas? Okay. Pay us in rubles or bitcoin, etc." Last I checked, Russia seems to be doing fine. People want their oil. Realtively low debt to GDP, etc.
PRO TIP: Your time and energy is too valuable to be spent on those people or things you do not trust.
(Thanks, Sid.)