Let's check in on Australia —
2020 govt shuts down the entire economy.
2025 "8 in 10 new jobs are [for the govt] and non-migrant job growth is ~0".
Real economy still dead after 5 years.
https://www.news.com.au/finance/economy/australian-economy/wonder-why-prices-are-up-migrationfuelled-home-loans-driving-aussie-dollar-creation-matt-barrie-says/news-story/aee5f39d34293a0fc70c909db242d045
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Is that right: 80% of new jobs is actually the government hiring?
Wow
It’s like there might be an agenda to buy votes, with a limitless budget, and skew the important growth metrics
Sly
Or stupid
All leads to economic indicators that are false signals, like price fixing, and then the miss-allocation of capital
Painful from an Austrian perspective
But what can one do about it? Very little
So definitely best to just hunker down and focus on 1) what you want to create and 2) what’s in your control
🙏🏻
You’re a pedo


the commonwealth wealth countries are all in the same situation, ironically we live quite well compared to the 3rd world simply because we can borrow money to live like kings
even before 2020, the economies were terrible, they were declining, but very slow decline, but after 2020 the economies are declining much faster to the point that the people are noticing it and starting to suffer.
it's going to keep declining unfortunately because we are transitioning from a fiat economic system to the Bitcoin economic system. So the fiat governments are trying to hide the decline by creating government jobs, the other option is to allow the free market and cut regulations but that will take power away from their socialist countries, so they won't do that. They rather let the country go into communism before they remove regulations.
The USA under Trump will be the first country to adopt a free market system as we aew seeing now, which will anger the people in other countries and demand their government adopt the same economic system as the USA.
Just work and save in Bitcoin, and you will be fine as the economies around crumble, eventually it's going to be up to the Bitcoiners to start companies and provide jobs because Bitcoiners will be much richer then everyone else.
“Just because you take no interest in politics doesn’t mean politics won’t take an interest in you."
Remember my story. Happily focussed on what I wanted to create and was within my control ... and then the govt shut down my entire industry.
You'll just have to forgive me if I am hyper aware of sovereign/political risk.
Yeah good point Rod. It’s all very well being focused on what you want, but sometimes you can’t get away from the intervention that happens
I feel much more comfortable now than I did in 2020 eg. Bigger Bitcoin position, much smaller physical real estate allocation, so more nimble, with a much better counter-party risk
Arguably what you’re doing now with ShoSho is similar as well
It’s like life is one constant iteration for product-market-fit!
You’re a pedo


You’re a pedo


Leave. Seriously. Take your energy, economic power, innovation and life force and inject it into a society that values you and your family.
Where would you recommend to go?
You’re a pedo


You’re a pedo


Sick pedo


Where wouldn't you go if the answer to financial wasn't Australia?