The skyscrapers in New York are constructed from the value extracted by financial intermediaries.
As they say in Vegas - those hotels aren’t built by winning gamblers.
The nature of an intermediary is one that can extract perpetual profits from anyone doing business in its network.
And that’s what money is - a network of trust. This is why the governments have been so keen to monopolize it - it gives them essentially unlimited power and wealth, as they possess the ability to confiscate the wealth of their citizens.
They extract rent - siphon value off - for the privilege of protection.
That’s not necessarily a bad thing - but it becomes so once it’s a non-consensual rate - i.e, you have no bargaining power, and it’s too much.
-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove
2minutebitcoin
npub1p6…9ej3v
2023-05-01 13:36:03
Author Public Key
npub1p63d4vekvuql9zltpp4dezzfk2xxfgjsfqyglf4ju4syalekn4csn9ej3vPublished at
2023-05-01 13:36:03Event JSON
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"content": "The skyscrapers in New York are constructed from the value extracted by financial intermediaries.\nAs they say in Vegas - those hotels aren’t built by winning gamblers.\n\nThe nature of an intermediary is one that can extract perpetual profits from anyone doing business in its network.\nAnd that’s what money is - a network of trust. This is why the governments have been so keen to monopolize it - it gives them essentially unlimited power and wealth, as they possess the ability to confiscate the wealth of their citizens.\n\nThey extract rent - siphon value off - for the privilege of protection.\nThat’s not necessarily a bad thing - but it becomes so once it’s a non-consensual rate - i.e, you have no bargaining power, and it’s too much.\n\n-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove",
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}