"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford
Public Key
npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn
Profile Code
nprofile1qqstcmxdzw3jl9xnv4jd4j84jcaq66w9s0yedq6ph00j0zep75cf3eqty0756
Author Public Key
npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn Show more details
Published at
2024-06-05 02:29:40 Event JSON
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"created_at": 1717547380 ,
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"tags": [],
"content": "{\"name\":\"f0xr\",\"about\":\"\\\"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.\\\" -Henry Ford\",\"lud16\":\"[email protected] \",\"display_name\":\"f0xr\",\"picture\":\"https://m.primal.net/IYyM.jpg\",\"banner\":\"https://m.primal.net/IYyP.png\",\"website\":\"f0xr.com\",\"displayName\":\"f0xr\",\"pubkey\":\"bc6ccd13a32f94d36564dac8f5963a0d69c583c9968341bbdf278b21f53098e4\",\"npub\":\"npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn\",\"created_at\":1717179323}" ,
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Last Notes npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I'm sure if we just build a few more windmills this problem will be solved 🙄 https://m.primal.net/IzqC.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "loyal" https://m.primal.net/IsqC.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 🤮🤮🤮 and then for no reason at all the country elected Hitler with overwhelming support https://m.primal.net/Ispy.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr But we have to ban incorrect political parties to save democracy! npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr There are tens of trillions in bank deposits and cash in the US alone. "Someone" is holding every dollar at all times, so every dollar created is debasing someone's savings. Most just don't realize it. But the worst debasement isn't savings, it's the lag in wages keeping up with prices. Every wage earner gets debased through that, and for a non-trivial amount. Hyperinflation happens when wage earners finally catch on, and proactively demand wage increases higher and faster than price increases. That's what happened in Germany and Austria in the 1920s. The bougie "elites" were aghast at the wages demanded by their domestic servants, while their own "risk-free investment" in government bonds had evaporated to essentially zero. That's the dreaded "wage-price spiral" the Fed has been freaking out about since 2021. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Reminder that climate "science" is as ridiculous as voodoo, and even more evil. https://video.nostr.build/4359ed5915c37406ebcfb2436025704db7160fc90db01e071eed0f4295b591d4.mp4 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Yeah I think a bridge in some little town that only gets local traffic is exactly the kind of unproductive investment a sound money standard will kill. Imagine how that project gets built today. Massive debt issuance by the state, or taxes on people who will never use the bridge. I see the fact that these projects under a Bitcoin standard either don't happen, or get fronted by a wealthy local benefactor, as a really good thing. I don't want my taxes and the inflation of my savings building bridges in Podunk Missouri. Let's use that to build SMR's or desalination plants or something really worthwhile. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The project might not be a good allocation of resources. Under a sound money standard, that becomes obvious quickly. If it can't produce enough profit from tolls to repay the loan, it's a poor use of resources. The market is telling you that people value something else more than they value the bridge. Maybe adding a second ferry to reduce the wait time is a better allocation of resources? We've been brainwashed by fiat economics to see any infrastructure or any business that "makes money" as productive. Without the ability to finance those things through inflation by issuing debt, only projects that provide a lot of real value will be able to get financing. Anything else will have to be paid up front, by someone who values the project for other than purely economic reasons. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Under the current system, the interest for loans comes from new loans. That's why M2 only goes up to the right, and any pause collapses the entire financial system. That's a consequence of the debt/fiat system based on the fraud of usury, where banks charge interest to loan out money they don't have. Imagining a Bitcoin standard is tough right now, because we're in a brief blip with Bitcoin rapidly appreciating in value as in gets monetized. Eventually that process slows down and stops. At that point Bitcoin deflates at the rate of economic growth. That's a lot slower than the current value appreciation. At that point loans become possible, as long as it's for a genuinely productive use that beats the overall rate of economic growth. Loans don't go away, but massive misallocation of capital does. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Another good reason to avoid centralized platforms, for both posting and reading. https://m.primal.net/Iock.jpg https://m.primal.net/Iocn.jpg https://m.primal.net/Iocp.jpg https://m.primal.net/Iocr.jpg https://m.primal.net/Iocs.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Charging interest will always be attractive to those making the loan, as far as I can see. The difference is that under a sound money standard, paying interest on unproductive debt becomes completely untenable. This is partially a result of misunderstanding what money is. Debt as money is a terrible perversion of the concept of money as a ledger of deferred consumption. A sound money economy makes a lot more sense once you start thinking of money as equity, rather than debt and fiat. If you had to take out a loan of Exxon shares and repay it in Exxon shares + more Exxon shares, the bar for profitable use of debt goes up. https://open.substack.com/pub/f0xr/p/money-as-equity?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Why progress has become impossible https://m.primal.net/Ilfe.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Ten days from knee high to chest high. It's sucking up a ton of water right now, and no rain in sight, so time to irrigate. #note1z9u…ay3k https://m.primal.net/IlBE.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Another reason being poor is generally a bad strategy. #note1jdx…hgh6 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "democracy" https://m.primal.net/IjkI.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr No matter how much you hate journalism, you don't hate journalism enough #note1t70…4tnk npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Thank you friend npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I remember https://m.primal.net/IicB.jpg https://m.primal.net/IicC.jpg https://m.primal.net/IicD.jpg https://m.primal.net/IicE.jpg https://m.primal.net/IicF.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr THANK YOU! This is such a foundational misconception, it's quite literally destroying civilization. So far you and Parker Lewis are the only ones I've heard who seem to really grasp the significance. It frustrates me so much, I wrote my first Substack post on exactly that topic. Hopefully people will start grasping the truth about money and wake up to the slavery they're supporting by holding dollars instead of Bitcoin. https://open.substack.com/pub/f0xr/p/money-is-not-wealth?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Great stuff and amazing to see the realization hit. He does make one mistake though, saying that real estate rises in value because of currency debasement. He's conflating value and price, something even Warren Buffett figured out. I address that exact point in relation to real estate in a recent post. "Second, just because houses are rising in price doesn’t mean they’re rising in value. It’s a simple concept, but one most people miss. Like Warren Buffet says, price is what you pay, value is what you get. If you buy a house today for $400,000, and in 10 years that same house sells for $700,000, how much did the value of the house change? The price went up, but the house is still the same house in the same location, it’s just a decade older. And a decade of wear and tear is a decrease in value, not an increase. Think of it this way. You can sell for $700,000 and you have $300,000 of “profit”. But if you want the same house back, you can’t buy it for $400,000 again and pocket the $300,000. You can only get the same house back for the full price you received. You haven’t increased your purchasing power at all in terms of housing with that “profit”. Your house hasn’t become more valuable, your money has just become less valuable when measured against houses. In that sense, you probably can’t increase your purchasing power by buying a house to live in, but you can at least avoid losing purchasing power. If you just save money in the bank to buy a house later, house prices will probably rise faster than you can save. That’s especially true if you’re paying rent at the same time. At least with a mortgage, if you pay long enough you own a house eventually. You can pay rent your whole life and you’ll still own nothing at the end." https://open.substack.com/pub/f0xr/p/the-mortgage-cheat-code?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr That's cool, I feel you. 1. Semantics. The Fed is a banking cartel, the banks/ primary dealers and the Fed are functionally the same entity. The fact that banks have to "by law" buy the Treasuries first, before turning around and flipping them to the Fed at a profit, makes zero functional difference in the effect of the debt monetization. 2. Most. Again, semantics. If it's not essential to keeping the system going, why do they do it? Why devalue the dollar by 40% in the early 30s? Why remove the ability for individuals to redeem dollars for gold? Why YCC in the 40s? Why manipulate the gold price in the 60s? Why remove the final link to gold in the 70s? Why the money printing in 08? Why continue printing for almost a decade? Why more printing in 2019? Why print trillions in 2020? It's not the debt bought by individuals, foreigners, etc that's relevant. It's all the "emergency" liquidity injection. Every item in that list was some version of liquidity injection, financial repression, or the equivalent designed for the purpose of keeping the banking system propped up so they can keep the Treasury propped up. If the Treasury wasn't dependent on that system to indirectly finance their fiscal incontinence through inflation, I could see your point. But it's either that, or the Treasury prints it directly. The outcome is the same either way, except for the size of the bankers' cut. The Weimar central bank "discounted Treasury bills" too, instead of letting the Treasury print it directly. Didn't save them in the end either. Sure the balance sheet shrank as debt rose. Reverse repo also got sucked down from 2 trillion to almost nothing. You think reverse repo goes to zero, Fed balance sheet keeps falling, and government debt keeps rising at 2-3 trillion a year? My guess is no, I expect the Fed balance sheet to double from here by 2030. 3. I'll wait to see the US government run $2.8 trillion annual deficits and borrow Bitcoin at under 5%. You can't borrow hard money at interest for non-productive purposes. You'll get wiped out so fast your head will spin. The US government will be no exception. That's my opinion, we'll see how it plays out. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr When the Fed creates new base money, that IS the savings of individuals and companies. It's their savings being involuntarily diluted away by an increase in the base money supply. If the Fed disappeared, the Treasury could issue debt, but what would it be denominated in? The dollar base settlement layer is an SQL database at the Fed, and the Federal Reserve Notes in people's pockets. Without the Fed, who's going to issue dollars? The Treasury would have to do it I guess, which would make the question obvious of why they bother with the charade of issuing debt in the first place. So the Fed can print within reason, but not really because they can't allow inflation? But if they do print it doesn't matter and has zero effect on the global economy and doesn't cause inflation? Can't quite square that circle personally. If it's just a number, why bother? Why not do what you suggest and let individuals buy the debt? At what price would they be willing to buy? 15%? 50%? When the Fed create smoney to buy Treasuries, by definition the money doesn't stay at the Fed. The Fed gets the debt, the Treasury (eventually) gets the money. And they spend every penny about as soon as they get it, so then it's in private hands, driving up prices. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It takes a special kind of willful blindness to look at a rock with some chips taken out and say that proves it was a tool made by human intelligence, then look at a planet teaming with life that's complex, orderly and functional beyond our ability to understand and say that's obviously the result of random chance processes. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The US government ceded control over issuance of their currency to a private banking cartel 111 years ago. The US government issues debt, but they're at the mercy of the private banking cartel to create the currency to buy that debt. The banking cartel always has their back, but at a price: the corrupt bankers own the corrupt politicians. So in effect the government always gets what they need, but that's mostly because they're just empty suits acting a part in the banking cartel's dog-and-pony show. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It's a lot harder for them to enter huge amounts of debt without fractional reserve banking... npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Yup, June 4 and it's well over knee high, looking nice and green but a little on the dry side. Hoping for rain today 🤞🏼 otherwise it'll need some irrigation in a few days. #note1l2q…jcae https://m.primal.net/IZpD.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://finbold.com/u-s-banks-on-brink-of-collapse-517-billion-losses-threaten-63-banks/ checked and kek'd npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Can civilization survive demographic collapse? https://m.primal.net/IYVC.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Could we dare to hope that nature is starting to heal? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr That's debatable. But even if it were true, how effective is a morality with no weight other than an individual's personal opinion? How would you cross the can/should gap and say, make a law or prosecute an evil act on the basis of a personal opinion? Is a morality effective when an evil person can eliminate the foundation of morality with a single bullet? Because history proves they won't hesitate to do exactly that. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr You mean how people think a shuffled deck of cards is a random sequence, but if you just shuffle it enough times you'll get the same sequence again? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr An opinion doesn't provide the basis for an effective morality. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr A mutation is disorder introduced into an already existing, orderly genetic sequence. It doesn't explain how the genetic information got there to begin with, and it's actually moving in the wrong direction, toward rather than away from disorder and death. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Over time, the complex patterns of living things invariably degenerate into the chaos and disorder of random chance. In no case does more time applied to inanimate objects cause them to somehow acquire information, become more complex, and make the transition from inanimate object to life. Yet we see life all around us. Where did it come from? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Imagine my surprise #memes https://m.primal.net/IVbk.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Not thinking of this part I'm assuming? Then he told them a story: “A rich man had a fertile farm that produced fine crops. He said to himself, ‘What should I do? I don’t have room for all my crops.’ Then he said, ‘I know! I’ll tear down my barns and build bigger ones. Then I’ll have room enough to store all my wheat and other goods. And I’ll sit back and say to myself, “My friend, you have enough stored away for years to come. Now take it easy! Eat, drink, and be merry!”’ “But God said to him, ‘You fool! You will die this very night. Then who will get everything you worked for?’ “Yes, a person is a fool to store up earthly wealth but not have a rich relationship with God.” npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr A reader made over $4,000 of risk free money their first week using the method in my latest article. Why haven't you taken advantage of this opportunity yet? Is sports betting still illegal in your state, or do you just hate money? f0xr.com https://m.primal.net/IVZo.png npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Why do you have human flourishing as a goal? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://m.primal.net/IUGp.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This is not a new idea. In the Soviet gulags, the common thieves and criminals got preferential treatment and consideration, and in many cases were practically running the place. That's because they were considered "socially friendly elements", unlike the political prisoners who might get decades of forced labor on false accusations from a jealous neighbor or criticizing communism in a private letter. The constant rewarding of thieves and looters while demonizing and persecuting political opponents shows that these people are just rebranded radical Marxist. Because of people like this, the US becomes more like the Soviet Union every day. https://m.primal.net/ITBv.png npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The problem is that algorithms "improve" the user experience. Maybe it's just perception, maybe it's unhealthy, but it engaged people's attention whether they like it or not and that's what keeps them there. And most people don't care about the corporation, they don't relate to them directly so it doesn't really matter. And most people are consumers through and through. I never realized this in the past because my sales resistance is level 100 and I'm as far from a consumer as it's possible to be. But interacting with normies, their life really revolves around how to get the money to buy the next thing they saw on social media. Whether it's a blatant ad or a "lifestyle influencer", the stuff that makes me cringe in disgust is like cocaine to them. They buy into every latest marketing trend every single time. If it isn't on their social media, they'll go looking somewhere else until they find it npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 🤮 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I decided to write about something a little different this week. If you're in or near a state with legal sports betting (30 states now), you can get thousands of dollars in free bets and bonus offers just for signing up to different sports books. This is a complete, detailed, step-by-step guide, illustrated with lots of screenshots, showing exactly how to turn those offers into cash with no risk, and no prior experience or knowledge about sports or betting. Check it out! It's free money, and you might as well use it to stack some sats. If you have any questions or anything is unclear, reach out to me here or on Substack and I'll do my best to help you. Don't sleep on this one, people. Not only can you make thousands yourself, you can repeat that with every member of your family and friends, and split the profits. It's a great opportunity to pick up some extra cash on the side with very little effort. https://open.substack.com/pub/f0xr/p/sports-betting-bonus-offers-for-dummies?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr note1hjgygm7qywfq984sp3jhpc33l3v6m97lhqfnrkrqp6cg4sntjdcsfvhpw4 If people are still using barter, that's fine, they don't need money. If they do need money, I'm suggesting e-cash could be converted into PHYSICAL CASH. I don't know how to be more clear, you don't seem to be reading my words. PHYSICAL CASH. PAPER BILLS. I'm not suggesting an African grandmother needs to buy a smartphone. You're the one implying that e-cash isn't worth developing because you need a smartphone to use it. I'm the one arguing you might not need a smartphone to use it. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr What concepts? I'm talking about physical cash, paper banknotes, Benjamins. You're saying people without Internet don't understand the concept of cash? I don't have a patronizing attitude toward people just because they aren't able to access or afford modern technology. People all over the world know how to take advantage of USD cash. If they had access to BTC cash that held value against their local fiat scrip as well as or better than the USD, and was also universally accepted by local money changers like USD cash, I'm sure most people would be capable of grasping that concept. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Disagree with your premise on convincing poor people to continue living poor. Don't see how e-cash isn't a big step forward in connecting the unbanked to Bitcoin. It's accessible to anyone with a smartphone, which is a huge and rapidly growing population. Besides that, e-cash seems like the solution to physical cash on the Bitcoin network, for those without Internet access. I'm not technical enough to design it, but the fact that e-cash can transfer offline with a QR code means the QR code could be printed on a physical note and transferred person to person. I'm imagining some system of printing the QR code in a way that couldn't be scanned without permanently destroying the note. That way it could be used peer to peer without an internet connection and as long as the note is intact the e-cash is valid. But anyone with an internet connection who wished to could destroy the note, scan the QR, receive the e-cash, and redeem it for self custodial Bitcoin at any time. Something else for @npub12rv…85vg to create in all his spare time 🤣 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/f0xr/p/money-as-tokenized-reputation?r=3i492j&selection=1a3f8ac3-588a-42c0-87dc-81c99db1d7c2&utm_campaign=post-share-selection&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I keep getting the update message as well, I'm ignoring it since I'm already up to date. App is working fine so far npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Half the world is 4 billion people. If you can build something that improves life for half the world, that's extremely worthwhile. If benefiting half the world isn't a high enough bar for you, should we stop making bras and tampons and beard trimmers? I don't have much patience for naysayers. If you don't think something is worth building, fine, no one is forcing you to build it. What are you building? Or are you too busy whining online about people who are building things to do anything productive yourself? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Job hunters PSA https://m.primal.net/IOEZ.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Well said. The synergy between capital formation and money is so pervasive, most people don't even see it. They're like fish who don't know water exists. That's how they can conflate money and wealth, and conclude that printing money is beneficial. https://open.substack.com/pub/f0xr/p/money-is-not-wealth?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I always find it interesting that the same people who hate capitalism and claim corporations are ruthless and greedy and will do anything to make a dollar, are often the same ones whining about the alleged "gender pay gap". Like you so eloquently explained, both of those can't be true. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 😱 no ant can escape the ant lion's terrifying trap. When they try to climb out, the ant lion throws sand at them until they slide back down to the bottom of the cone, where he grabs them with his massive jaws. https://v.nostr.build/WGwqR.mp4 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The old timers said "corn should be knee high by the fourth of July" but I think we get there by the fourth of June, and maybe first tassel by July 4 🤞🏼 #note1snu…gtrp https://m.primal.net/INGc.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Crop update, always hard to believe at this stage that this corn will be head high in less than 4 weeks, but it always happens. #note1hl9…jjsg https://m.primal.net/INFA.jpg https://m.primal.net/INFB.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Checks out 👍🏼 https://m.primal.net/IMAZ.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Ed Dutton- "The universities used to be about nurturing genius. You'd get these, who is it that is geniuses, who is it that solves these amazing problems, people who have outlier high IQ plus moderately anti-social personality. People like James Watson, those people will tend to do what they do because they are highly intelligent so they can really conceive of these difficult problems. They're moderately low in conscientiousness so that means can sort of think outside the box so they're not bound by rules traditions or conformity. They're moderately low in agreeableness so they either don't care that they offend people or they're kinda autistic or a bit spergy and they couldn't conceive that they would offend people even if they didn't want to. New ideas will always offend so they don't care about that so they come up with brilliant ideas. Now women are the opposite of that. Women are the exact opposite of that, they are the opposite of genius. Well, A because women don't have outlier high IQ; the female IQ is bunched towards the mean. And B they tend to be higher in conscientiousness than men and higher in agreeableness than men, so you just DON'T GET many female geniuses. So when they take over university which is happening they will come across as the MUCH better candidate for the job than this kinda autistic weirdo who might if you leave him alone for ten years might come up with something brilliant. Who are you going to employ? Him or this girl who is positive, confident, outgoing... OBVIOUSLY you're going to employ her. So it changes the whole nature of academia. So academia doesn't become about the cut and thrust of debate and harsh disputation to get to the truth, it becomes about cooperating and being kind and creating a bureaucracy where you make incremental steps and publish every so often and this is A anathema to genius types and B very difficult for genius, because they are a bit autistic and will offend people so they get pushed out of uni. and this is happening. " because of women in university they have changed the WHOLE CULTURE of university to make it where TRUTH is plays second fiddle to Cooperating and everyone feeling good and happy and getting along. whereas truth is amoral of course and doesn't care..." "Female empowerment will make you less harsh to outsiders, more cooperative to outsiders, it will take the institutions of society which have adapted to and elevated the (masculine) martial values which help us survive and it will make those more feminine and kind and loving, and therefor it won't prepare people for the battle that is group selection." npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Don't need to see any more to know the pit bull connection npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Grim https://m.primal.net/IJye.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Too bad there's no way to attach a smell to an image... https://m.primal.net/IJgn.jpg https://m.primal.net/IJgo.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr 🧐 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Nightcrawlers mating, not very erotic but I guess they get the job done 🤣🤷🏼♂️ https://nostrcheck.me/media/bc6ccd13a32f94d36564dac8f5963a0d69c583c9968341bbdf278b21f53098e4/9cf438b4ebbb6b6aa7fffdbca2aaccd212d65b921ea46ef5a070ac9a1a11bb0f.webp npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr If you have or are considering a mortgage, check out my latest article! Mortgages are an opportunity to build wealth that most people miss completely, or don't exploit to their full potential. https://f0xr.substack.com/p/the-mortgage-cheat-code npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr One would certainly think so, but these college protesters definitely aren't on the political right, they've been about as solidly supportive of the political left as possible. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I don't know what left political values are. I look at people like these protesters and their "values" seem incoherent to me. I'm using leftist because these people politically support the left wing parties. Describing them as liberals in the classical sense wouldn't be correct, they certainly don't have liberal values. Is there a more accurate word to describe this group? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Crop update, looking green across the field now. #note12at…f0re https://m.primal.net/IHXE.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Crop update, corn emerging well in the standing rye. It'll make a nice mulch to suppress weed germination and conserve moisture until the corn can reach full canopy. #note1483…gtsv https://m.primal.net/IHWz.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The fiat system depends on productive people exchanging their value for "money" commercial banks create out of thin air, then holding that "money" as bank deposits or "investing" it into government IOUs. If you have to accept banker scrip for your work, immediately exchange it for something the bankers can't print or manipulate. We don't have to fight the parasite class to win. They're completely dependent on us for survival. Don't play that game, cut them tf off. Trade with other productive people, Galt's Gulch style. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://open.substack.com/pub/f0xr/p/the-big-bank-lie?r=3i492j&utm_campaign=post&utm_medium=web npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It is basically everybody, and that's an amazing opportunity. If you're in the US, there's absolutely zero excuse for almost anyone to be in that situation. That's how easy it is to be ahead of the curve financially. In order to be that broke at 49, you have to make bad decisions over and over and over again throughout your entire life. Even with the inflation and problems with fiat money, there's literally no excuse. Even if you put a literal $20 bill in a box under your bed every week from 18 to 49, you'd have $32,000 in cash under your bed. That's without investing a penny in anything to counteract inflation. Twenty bucks a week is a bar so low you probably have to dig a hole to get any lower. Save $100 a week and collect 2% interest over that period and you'll have over $200,000. I'm as upset about the state of the financial system as anybody, but for anybody in this situation, this is a you problem 🤷🏼♂️ npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Interesting points. I'm not familiar with all that specific data. So the main theory is that women being more financially independent makes them more likely to get and stay married? And that women were more financially independent 200 years ago than they are today, which is why marriage is less common and less successful now than in the past? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr I don't follow the connection 🤔 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This is the data, but apparently statisticians project marriage rates to miraculously shoot up like a Joe Biden vote count at 3 a.m. https://m.primal.net/Hnje.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Soybeans emerging in cereal rye cover crop and last year's corn fodder. #farming https://m.primal.net/IDxm.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Corn planted a week ago emerging well after a much needed shower. Irrigated field, 113 day maturity planted at 36k population, 4 tons of poultry litter, 200# of dry AMS and micros banded with the planter, 15 gallons of 32% UAN with the burndown and preemergent, with additional nitrogen to be applied through the irrigation at tassel. 260 bushel yield goal. #farm #corn #photos https://m.primal.net/IDPR.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr There's a lot of truth in the way technology has made the sexes less reliant on each other. One layer I'd add is that some of the independence is less reality and more illusion. The single man might not need a woman to cook for him, but he probably still relies on women (or men) to do a lot of his cooking. It's just abstracted away from a wife at home who doesn't get paid in money, to cooks and Door dash drivers who he can just pay as a one off service. The single mom might not need a man to grow her food in the form of a husband on the farm, but it's still a man somewhere growing that food, and a man paying the taxes to provide the food stamps she uses to buy that food. Since men are net tax payers over their lifetime and women are net tax receivers, there a lot of support still happening, just in an abstracted way that's not transparent. I don't know if there's a solution, but I do know that if there isn't and demographic collapse continues its trajectory, the complex civilization we have that allows this illusionary "independence" will collapse, and men and women will go back to depending on each other for basic necessities of life. #note16ql…9w2q npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This is the concept I think a lot of even Bitcoin economics thinkers miss. It seems like a left curve, right curve meme type of concept. Left curve grug thinking is "the dollar is just fiat paper backed by nothing, the government just prints it." Right curve giga brain is exactly what you're describing. Base money is now no longer gold, it's literally paper banknotes printed by the Treasury at request of the Fed. The Fed is a legalized banking cartel. Base money is physical cash, and reserve balances held by banks at the Fed. Reserve balances are digital cash, which can be exchanged for physical cash when banks request it. Final settlement is handing someone a physical banknote. That banknote is not backed by anything, and is a bearer asset with no claim on anything else. It's purely fiat money. The huge midwit middle group are all in the weeds with the fact that commercial banks create credit that's used as money and use Treasuries and other debt instruments as collateral. That leads to people like Nik Bhatia getting so much right, but then calling Treasuries the base layer of the monetary system. They get so deep in the weeds of the debt system and global banking that it probably seems too simple to acknowledge that the whole pyramid is built on top of those green banknotes in your wallet. There really is no deeper and more complex layer than that, and all the debt instruments used as collateral have value because at the end of the day, if the borrower doesn't default, you can get green banknotes in your hand in payment. #note1ue7…2lgk npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr https://m.primal.net/IDdO.png npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr So the people who support abortion, genital mutilation of minors, force-feeding of sexual perversion to elementary school pupils, and mass importation of millions of foreigners who practice FGM and regularly rape and abuse minor girls, want to remove your ability to communicate privately by using "child abuse" as justification? Yeah, I don't think so, totalitarian scumbags. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr That's a bot, fyi npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr He definitely comes closest out of anyone I'm familiar with. I haven't heard him explain it from first principles though, which I think would be helpful. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Can a Bitcoin economist please start analyzing money as an equity share in civilization? All the debt-centric paradigms imported from the fiat system are misleading and unhelpful, and need to be discarded entirely. I write about this as much as possible, but I have no audience and almost no time to write. And the person who gets this right and presents it in a way that reaches a large audience will be contributing to an actual advancement in economics instead of just rehashing and cobbling together pieces of a fundamentally incorrect paradigm we're currently stuck with. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr No-till planting corn into live cereal rye cover crop #farming #photo #GM https://m.primal.net/ICOz.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Funny how that works... https://m.primal.net/ICGD.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr How long until "bird flu" becomes the latest reason to criminalize the sale of milk, and push for elimination of any alternative to the pasteurized "milk" sold by the fiat food industry https://www.zerohedge.com/commodities/early-tests-find-pasteurization-killed-bird-flu-milk-fda npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Innocence and guilt don't apply to animals, animals aren't moral actors. So that's not a relevant point imo. Animals are a resource, and an obviously renewable resource at that. As such, people who hunt animals for any reason have a more vested interest in the conservation of that resource than anyone else. Whether it's for food or for sport, hunters don't want to see the animal population threatened. That incentive is crucial to the conservation of many species around the world. Even taking elephants for example, to subsistence farmers in Africa elephants are just an extremely destructive pest, one they'd prefer to see eradicated completely because elephants destroying their crops can be a life-or-death situation. The interest and most especially money trophy hunters are motivated to provide to ensure elephant populations remain stable are crucial to prevent farmers from eradicating as many as possible. When trophy hunters are willing to pay thousands of dollars for an elephant tag, suddenly the elephants go from destructive pest to value resource, and local farmers can be compensated for the damage they do and incentivized to also work to protect the population. Finally, trophy hunters almost by definition target mature males, which is a population segment that can be removed with almost no effect on the population. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr "but the bird flu is in the milk now" don't care, not playing this game again, never forgetting https://m.primal.net/IAyk.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr When the narrative is "be fearful of this impending disaster! Here, just give us a little more power and control and we'll protect you." That's a good time to be very very skeptical. https://m.primal.net/IAYk.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr IMO this is also the primary reason politics has become an exercise in female antisocial behavior over the past 70 years. All the identity politics, victim mentality, cancel culture, censorship, collectivist action, safety over freedom, emotionally driven patterns that make up the "nanny state" seem to reflect a fundamentally feminine temperament and method of relating to the world. If people want to be treated as individuals, they have to take individual responsibility themselves and also treat others as individuals, not immediately appeal to group identity versus group identity when they encounter obstacles. #note1cpm…v7nl npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It's a struggle of good versus evil. Unfortunately many people on the side of good don't have a mental model that includes landing in prison for doing good. When that possibly becomes obvious, they'll switch sides immediately out of either fear or genuine confusion. Sad, but inevitable. Beware who you trust. #note1x0x…jl6e npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Same, except I never started listening to NPR. It's been an amazing few years since then, like seeing the matrix for the first time npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr It is nuts, no doubt. I must have misunderstood your point, I thought you were trying to say that the difference between the inflation rate and the mortgage interest rate means the bank is losing purchasing power by making the loan. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Who on Nostr wore a mask for 2 years? Are you confusing us with Fakebook and Twatter users? npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The global monetary ledger is an SQL database at the Federal Reserve. Every other fiat currency is just an L2 on the dollar network. The L2's will collapse or survive based on the Fed's decisions. The real change happens when the L1 goes too far in their bailouts, and people abandon ship to a new and better L1. Like any other sinking ship, the people who panic first panic best. If you aren't panicking yet, today is a great day to start. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr This article explains the banks' incentives. https://open.substack.com/pub/f0xr/p/the-big-bank-lie?r=3i492j&utm_campaign=post&utm_medium=web They aren't losing anything. Once you understand how banks actually work, a lot of other things will make more sense to you. If you're able to buy a house at those rates, the banks are giving you an amazing opportunity to short fiat against a hard(ish) asset for 20 years. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr The layer 2 mints are just code, they can run on any server anywhere in the world. I don't know how fully retard the US empire wants to go, but I wouldn't want the job of trying to shut down specific servers globally. They might find it more difficult than they anticipate. They also might get their ass handed to them in court, although that would be a miracle. npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Way too relatable... #note1txn…xu99 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr another L for the golf-cart-as-a-vehicle crowd 🤣 #zapathon https://m.primal.net/Hztn.jpg npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Klaus Schwab: "One factor for success is public-private co-operation." "I'm propagating what we [now call] 'stakeholder capitalism', which means... business is also a social organism, and business has to take care of society, and has to take care of the environment." "So the objectives of business and governments, even if the roles are different in execution, the objectives have become identical." What we now call "stakeholder capitalism"? Sorry, I'm not calling it that. It has nothing to do with capitalism. And it already has a name. It's called fascism. No thanks 👎🏼 npub1h3kv6yar972dxetymty0t936p45utq7fj6p5rw7ly79jrafsnrjqvuwlmn f0xr Given global birthrate trends, we're about to find out ... https://m.primal.net/HzmJ.png