Feels like this is overdue

From a Rothbardian, Austrian perspective. Rothbard explicitly called Van Buren probably the best American president. Created the Independent Treasury, separating the federal government from the banking system and refused to bail out or intervene in the economy during the Panic of 1837. Hard money advocated, opposed a new national bank, and continued much of the Jacksonian program. S — Martin Van Buren A — Andrew Jackson A — Thomas Jefferson A — Grover Cleveland B — James Madison B — James K. Polk B — Warren G. Harding B — Calvin Coolidge B — William Henry Harrison C — George Washington C — John Tyler C — Rutherford B. Hayes C — Dwight D. Eisenhower C — Ronald Reagan D — William McKinley D — Theodore Roosevelt D — Harry Truman D — John F. Kennedy D — George H. W. Bush D — Bill Clinton D — George W. Bush F — Woodrow Wilson F — Franklin D. Roosevelt F — Abraham Lincoln F — Lyndon B. Johnson F — Barack Obama F — Joe Biden F — Donald Trump View quoted note →

Putting the 3 worst (Lincoln, FDR, and Wilson) at the top, hilariously next to Jefferson and Jackson is total madness lol View quoted note →

A quick dirty summary of my thoughts on this: Credit expansion gives the appearance of a deeper capital structure than reality, which leads to overspecialization. That’s how you can create our current, paradoxical situation: high unemployment (especially when you include labor force participation) with high job openings. What’s finally being exposed as both the long term debt cycle and cycle of empire turn, is structural rot and malinvestment that took place over decades as a result of artificial credit expansion. View quoted note →

Grand jury nullification is great. Trial jury nullification is even better.

Some heads will roll to scare the rest, but they can’t prosecute us all. There will be no public support to go after regular guys who didn’t pay cap gains on Bitcoin that they used to buy groceries and gasoline. C suite and flashy people though, watch out the guillotine mob will come for you. They can’t even win a war against drugs, you think they can win a war against math?

Ok maybe not. The Iranians might be smart enough to know that a haymaker to the USD might not be worth it. The bank might be have to use nuclear strikes then. Or more likely, US/Israel would false flag an American city, blame it on the Iranians, then get the support of the citizenry. Low and slow might be the way. View quoted note →

The society is already cooked. The final pillars that need to fall are the currency and the bond market. Bank runs may take longer than you think to begin, but once they do, they happen faster than you think. View quoted note →

Added to the bull market shopping list

Duration continually moving to the short end feels like the beginning of the end. Where does it stop? Okay I moved from 30yrs to 10yrs because the duration was too risky and real return too low. Ok now from 10yrs to 1yr. To…weekly? Daily? Feels like a typical hyperinflation. Loss of faith in the currency and by extension its bonds, which drives up rates, which causes them to print more to suppress rates, which further erodes faith… Almost like a diabetic or drug addict that needs increasingly more frequent hits until…some critical sub-system fails, thereby ending the entire system.

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Please Scotty, bring on the Pyrrhic victories. View quoted note →

The only reason I’d ever go back to Twitter is to give the IRGC political advice like this out in the open, like a Machiavelli type character, and have some fun with the US State Department. View quoted note →

“But if people’s money didn’t lose value over time, they wouldn’t spend and then there wouldn’t be any economic growth.”

Back the currency with Bitcoin. Take toll payments in Bitcoin only. View quoted note →

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