The sub prime mortgage crisis was completely created by govt policy. I recommend The Housing Boom & Bust by Sowell followed by (the more important book) Meltdown by Woods.
FTX was literally funded & supported by dems & govt parasites funneling tax money through Ukraine.
Even still, corrupt things that fail are demonstrations of the market working as it should. It's govt bailouts to keep corrupt orgs alive that are the real problem. The market was trying to kill the corrupt banks in the 08 crisis, the govt kept them alive at everyone's expense.
It sounds very much like you don't have a strong grasp on the economic reasons behind the creation of Bitcoin & the dire need for sound money. We are a trading species. Societies rise & fall based on the money they use.
There are a lot of Bitcoin Audible episodes that do a very good job covering the basics of money. Worth doing some digging there.
Jeff Swann
npub1aj…ftppj
2023-02-27 06:10:32
in reply to nevent1q…39cn
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2023-02-27 06:10:32Event JSON
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"content": "The sub prime mortgage crisis was completely created by govt policy. I recommend The Housing Boom \u0026 Bust by Sowell followed by (the more important book) Meltdown by Woods.\n\n FTX was literally funded \u0026 supported by dems \u0026 govt parasites funneling tax money through Ukraine.\n\nEven still, corrupt things that fail are demonstrations of the market working as it should. It's govt bailouts to keep corrupt orgs alive that are the real problem. The market was trying to kill the corrupt banks in the 08 crisis, the govt kept them alive at everyone's expense.\n\nIt sounds very much like you don't have a strong grasp on the economic reasons behind the creation of Bitcoin \u0026 the dire need for sound money. We are a trading species. Societies rise \u0026 fall based on the money they use.\n\nThere are a lot of Bitcoin Audible episodes that do a very good job covering the basics of money. Worth doing some digging there. ",
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