NickGiambruno
Nick Giambruno

Many erroneously think that since there are thousands of cryptocurrencies, “crypto” is just another asset class like bonds or stocks, and they need diversification within that asset class.
That would be like adding pyrite to your portfolio to diversify your gold holdings.
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/

2024-05-18 19:52:54

The Race for Strategic Commodities in World War 3
https://financialunderground.com/articles/the-race-for-strategic-commodities-in-ww3/

2024-05-12 20:08:10

Bitcoin Paves the Way for a New Era of Free Market Banking
https://financialunderground.com/articles/bitcoin-paves-the-way-for-era-of-free-market-banking/

2024-04-29 17:08:24

The Case Against Altcoins: 3 Reasons To Stick to Bitcoin Only
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-to-stick-to-bitcoin-only/

2024-04-23 12:28:00

A $250 Million War Game and Its Shocking Outcome
https://financialunderground.com/articles/a-250-million-war-game-and-its-shocking-outcome/

2024-04-20 15:00:18

For thousands of years, gold has always been mankind’s hardest money.
That all changed on April 19, 2024, and most people have no idea.
https://m.primal.net/HxoN.png

2024-04-10 17:18:51

Savers face the daunting task of outpacing inflation AND the capital gains tax just to maintain their purchasing power.
That’s made saving an impossible task for many people.
Previously, people could simply save in money, which was either gold or a derivative of it.
There was no need for a dentist, a construction worker, or a taxi driver to also become a hedge fund manager to try to keep their heads above water.

2024-04-10 14:30:54

The central bank’s real mandate is to transfer as much wealth as possible via currency debasement to the political class without causing alarm among the plebs.
https://financialunderground.com/articles/the-business-of-central-banking-usury-and-tax-farming/

2024-04-04 16:22:42

In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage. The table below summarizes the results.
Bitcoin wins in 6 out of the 10 categories, including hardness (resistance to debasement), which I believe will be the most decisive factor.
While gold has an advantage over Bitcoin in durability, that advantage will only be relevant in the case of an inescapable, global return to the Stone Age that lasts into eternity. Such an unlikely outcome is not relevant to investment decisions today.
Gold also has a fleeting advantage in liquidity, fungibility and privacy, and recognition. However, Bitcoin is eroding those advantages every day.
If current trends continue, I believe Bitcoin will overtake gold in these categories in the years ahead.
Putting it all together, gold’s advantages over Bitcoin are either irrelevant or melting away.
The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.
Digital gold is better than analog gold.
In short, Bitcoin is likely to win the ultimate competition and become the world’s dominant money.
https://m.primal.net/HrKT.png

2024-04-04 16:18:55

In a recent article, I analyzed the ten most decisive monetary attributes and examined whether gold or Bitcoin has an advantage.
The table below summarizes the results.
https://m.primal.net/HrKT.png
https://financialunderground.com/articles/gold-vs-bitcoin-comparing-the-top-10-monetary-characteristics/

2024-04-02 15:23:29

The inescapable conclusion is that Bitcoin has superior fundamental characteristics that make it a better tool for sending value through time and space.
https://financialunderground.com/articles/gold-vs-bitcoin-the-winner-is/

2024-03-28 22:20:10

On a recent CNBC segment, @npub15dq…lm5m discusses why Bitcoin as a medium of exchange is a distraction.
TLDR: "Nobody's trying to buy a cup of coffee with a fraction of their building on Fifth Avenue. But every rich person I know owns property in London, or New York City, or somewhere. And none of them complain about not being able to spend their building as a medium of exchange.
So, the killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction."
Andrew Ross Sorkin: Is there any risk that governments—the US government, Chinese government, other governments—somehow do something to Bitcoin that puts its growth in jeopardy?
Michael Saylor: It's another great question, Andrew.
A lot of times, the skeptics say, "Bitcoin looks too good to be true. It's so good to be true. Someone's going to take it away from you."
That's based on a fundamental misunderstanding about Bitcoin. People refer to it as currency or digital currency, and that's an unfortunate historical artifact.
It's not digital currency. It's digital property.
Once you make that big leap and understand its property, you see the compelling use case is capital preservation for everyone in the world.
There's no anathema associated with owning property.
You can own a billion-dollar building in New York City. Every place in the world where they allow you to own property—China, Europe, the US—they're going to embrace Bitcoin as digital property.
All the controversial issues around cryptos have to do with their use as a medium of exchange.
But what I'm here to say is medium of exchange is only worth a trillion dollars. Store and value is worth a hundred trillion dollars.
So I give your company, I give your family, I give your institution a billion dollars. I drop you in Africa and say, "You’ve got to save the capital for a hundred years. What are you going to buy?"
And the answer is nothing. There is nothing on the entire continent you can buy that's better than Bitcoin.
So, Bitcoin is going to be embraced as property.
It's going to be controversial if people think of it as a currency.
So, I would encourage people to think of it as digital property—a billion-dollar building in cyberspace and hold it for a hundred years.
Andrew Ross Sorkin: Does it ever have to be a currency, or do you think it ever becomes a “currency”?
Michael Saylor: It doesn't have to be a currency.
Nobody's trying to buy a cup of coffee with a fraction of their building on Fifth Avenue. But every rich person I know owns property in London, or New York City, or somewhere. And none of them complain about not being able to spend their building as a medium of exchange.
So, the killer application is capital preservation for everybody. The store of value is the killer use case. Medium of exchange is a distraction.
Governments are always going to issue currency. They're always going to make it legal tender, and that's just fine.
Bitcoin is competing with gold—it's going to eat it. Then it's competing with risk assets as a long-term holding, and it's competing with you buying an Airbnb as a retirement income source if you're a middle-class person.

2024-03-25 15:09:15

Owning 1 BTC is like owning 324 ounces of the global gold supply.
Owning 1.236 BTC is like owning a 400-ounce Good Delivery gold bullion bar.

2024-03-19 14:19:34

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https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/

2024-03-19 14:19:22

A common misconception says money also needs to have some industrial use for it to be good money.
However, that’s like saying a shoe must also be useful as a hammer to be a good shoe.
Many people incorrectly reason that Bitcoin can’t be a good money because it has no industrial or non-monetary utility.
However, industrial use is not needed to make something useful as money. Using something as money—i.e., to store and exchange value—is sufficient for it to be money.
The fact that gold has some industrial use doesn’t give it superior monetary properties. People value gold as money primarily because it’s the one physical commodity most resistant to debasement—not because it’s used in dentistry, electronics, or other industries.
On the contrary, I’d argue that gold’s relatively small industrial uses do not enhance its monetary characteristics. If they did, why aren’t metals with more industrial use—like copper or nickel—more desirable as money?
When it comes to money, I’m only interested in its ability to store and exchange value. I’m not interested in something whose value is hostage to the whims of ever-changing industrial conditions.
This is why industrial use is not a monetary benefit but, in fact, a potential detriment.
Gold would be an even better money without the variation in its supply and demand from its industrial uses, which are unrelated to its use as money.

2024-03-19 13:06:39

Did you know the Bitcoin price reached parity with the gold price in April 2017 and never looked back?
Today, buying a single Bitcoin takes over 30 ounces of gold.
https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/
https://m.primal.net/HmQB.png

2024-03-19 13:03:39

Gold vs. Bitcoin: The Ultimate Competition To Be the World’s Best Money
https://financialunderground.com/articles/gold-vs-bitcoin-the-ultimate-competition-to-be-the-best-money/

2024-03-12 13:49:35

While it’s impossible to quantify the conflict precisely, we can look at the various domains of World War 3, see how each side stacks up, and make projections from there.
It seems to me the advantage of NATO & Friends in financial warfare is fleeting and mostly neutralized by the advantage of BRICS+ in economic warfare.
Across most other domains, neither side has a conclusive advantage.
NATO & Friends has an edge in information warfare, but I don’t think that will prove decisive in the overall conflict.
The one domain that I think will probably determine World War 3 is proxy warfare, where BRICS+ has the advantage and momentum.
NATO & Friends could reverse the situation with the proxy wars. However, that would require them to take a bad hand and double down in a desperate attempt to get even. They may do so if they have nothing to lose, but I doubt it will change the outcome.
As it stands now, I think there is an excellent chance that BRICS+ will prevail in World War 3 as they prevail in the three decisive proxy wars in Ukraine, the Middle East, and Taiwan and also neutralize NATO & Friends’ edge in financial warfare by developing alternatives.
That means we’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.
https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/https://m.primal.net/HkCe.png

2024-03-08 18:36:09

We’re likely to see the end of the unipolar world order and the emergence of a multipolar world order.
https://financialunderground.com/articles/world-war-3-investment-guide-strategic-assets-for-uncertain-times/

2024-03-05 13:38:14

World War 3 is unlikely to be a direct kinetic war between the US, Russia, and China.
Instead, the conflict will play out on different levels.
https://financialunderground.com/articles/who-will-prevail-in-world-war-3-exploring-the-7-key-battlefields/

2024-03-02 14:04:26

3 indisputable facts about altcoins.
#1. In the history of altcoins, only 3 have ever made new highs in BTC terms after their initial pump.
#2. One of them was Dogecoin, a joke with no practical use case, because Elon pumped it.
3. Practically every altcoin has exactly the same chart over the long-term. (see below)
https://www.swanbitcoin.com/bitcoin-and-the-one-hit-wonder-altcoins/
https://m.primal.net/Hgrq.png

2024-02-27 10:31:58

World War 3. is happening right now and rapidly escalating.
In fact, World War 3 has been going on for over ten years.
https://financialunderground.com/articles/a-multipolar-world-order/

2024-02-24 12:43:44

The business of central banking is usury and tax farming.
They create fake money out of thin air, loan it to governments, charge interest on fake the money, and get governments to collect taxes on average citizens to pay the interest on the fake money.
Like the mafia, they can deploy violence to ensure there is no competition to their priveledged racket.
It's long past time to end this scam of historical proportions.

2024-02-20 11:24:17

World War 3 and the New World Order
https://financialunderground.com/articles/world-war-3-and-the-new-world-order/

2024-02-06 14:36:00

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https://financialunderground.com/articles/3-shocking-truths-most-people-dont-know-about-money-in-bank-accounts/

2024-02-06 14:35:05

3 Shocking Truths Most People Don’t Know About Money in Bank Accounts…
The banking system is a fragile illusion that could collapse suddenly, potentially wiping out the savings of millions who misplace their confidence in it.
https://financialunderground.com/articles/3-shocking-truths-most-people-dont-know-about-money-in-bank-accounts/https://m.primal.net/HaxK.png

2024-01-16 12:57:38

2024: The Year of the Inflection Point
https://financialunderground.com/articles/the-year-of-the-inflection-point/

2024-01-09 14:28:23

For thousands of years, gold has always been mankind’s hardest money.
That is all set to change in a few months, and most people have no idea.
https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/

2024-01-08 11:41:00

The Top 5 Bitcoin Catalysts of 2024
https://financialunderground.com/articles/the-top-5-bitcoin-catalysts-of-2024/

2024-01-03 11:39:35

US government is now borrowing money to pay interest on the federal debt.
Extreme currency debasement comes next...
https://financialunderground.com/reports/survive-and-thrive-during-the-most-dangerous-economic-crisis-in-100-years/
https://m.primal.net/HWPs.png

2023-12-19 11:09:16

A Preemptive Strike Against an Orwellian Future
https://financialunderground.com/articles/a-preemptive-strike-against-an-orwellian-future/

2023-12-12 13:37:39

Can the Government Ban Bitcoin?
Four Things You Need To Know Today
https://financialunderground.com/articles/can-the-government-ban-bitcoin-four-things-you-need-to-know-today/

2023-11-27 23:34:20

During the first oil shock in 1973, about 5 million barrels were removed from the global oil market. Daily global oil production was approximately 56 million barrels per day at the time, which means about 9% of the supply vanished.
Oil prices roughly quadrupled.
During the second oil shock in 1979, about 4 million barrels were removed from the global oil market. Daily global oil production was approximately 67 million barrels per day at the time, which means about 6% of the supply vanished.
Oil prices nearly tripled.
During the third oil shock in 1990, about 4.3 million barrels were removed from the global oil market. Daily global oil production was approximately 66 million barrels per day at the time, which means about 7% of the supply vanished.
Oil prices more than doubled.
If Iran were to shut down the Strait of Hormuz, it would remove a whopping 21 million barrels of oil from the global market. Today, global oil production is approximately 94 million barrels per day, which means about 22% of the worldwide oil supply could disappear.
As we can see in the chart below, it would be the largest oil supply shock the world has ever seen… by far.
https://m.primal.net/HRVG.png
https://financialunderground.com/articles/one-step-from-the-biggest-oil-shock-in-history/

2023-11-21 15:06:32

American support for Israel during the 1973 Yom Kippur War was the catalyst for the OPEC embargo, which caused the first oil shock. The oil price roughly quadrupled, from around $3 per barrel to about $12 in a matter of days.
It immediately triggered an energy crisis. There were gas shortages and panic in the US as drivers sat in lines stretching for blocks, waiting to fill their gas tanks.
The second oil shock followed in 1979 as crude prices nearly tripled. A large conflict in the Middle East was again the cause—the Iranian Revolution and the subsequent Iran-Iraq War.
A third oil shock occurred in 1990 as Iraq invaded Kuwait, causing oil prices to more than double.
Here’s the bottom line.
Big Middle East wars are often catastrophic for global oil supplies. And supply disruptions cause price spikes. It’s a simple relationship.
This isn’t surprising. Analysts estimate that over 40% of global oil exports come from the Middle East.
Today, the Middle East is again on the cusp of a large regional war between Iran and its allies and Israel and its allies. The conflict could potentially be more destructive than the conflicts that caused the prior oil shocks.
https://financialunderground.com/articles/middle-east-wars-and-oil-shocks/

2023-11-09 14:30:30

.@`saifedean`
"Israel's claim to Palestinian land based on Israelis having descended from inhabitants of the land 2,000 years ago is absurd. Property rights are individual, not ethnic. There is no sane way of establishing a peaceful civilized society if property rights were subject to dispute by collective entities with vague ancient tales. Civilization can only function if individual property rights are respected and pre-1948, anyone of any religion could own land in Palestine and the system of property rights was accepted by all inhabitants.
European Zionist migrants to Palestine accepted the legitimacy of the system of property rights prevalent there and bought many properties from the locals. They then decided these property rights are invalid, massacred and expelled Palestinians, and refused to allow them to return to their property. No matter what the ethnic history of the land is, nothing justifies these crimes. Yet what makes them even more absurd is that the Zionist claim based on ethnicity doesn't even survive simple genetic analysis: Palestinians are genetically closer to the inhabitants of Palestine 2,000 years ago than the European Zionists who expelled and murdered them based on their supposed ethnicity.
And so today more than 90% of the land controlled by Israel is owned by the Israel Land Authority, a government agency that only allocates it to people who identify as Jewish, regardless of their link to ancient descendants, while denying property rights to the locals who descended from the original inhabitants.
Property rights are the root of this conflict, and not some insane nonsense about religions hating each other. Muslims, Jews, and Christians coexisted peacefully for hundreds of years in Palestine as long as they all had the right to property. Zionism made property rights available only to adherents of a political movement claiming to be an ethno-religious group, and there hasn't been peace since."
-Saifedean Ammous

2023-10-03 15:22:12

For thousands of years, gold has always been mankind’s hardest money.
That is all set to change in a matter of months, and most people have no idea.
https://financialunderground.com/articles/harder-than-gold-faster-than-fiat-2/

2023-09-12 14:11:24

Like a street thug committing a mugging, capital controls blindside most people—otherwise, they wouldn’t be effective.
https://financialunderground.com/articles/the-1-warning-sign-capital-controls-are-coming-soon-and-4-ways-to-beat-them/

2023-09-02 14:36:45

Why are governments going all out to push an obviously uneconomic scam that are electric vehicles?
While they are undoubtedly corrupt thieves and simply stupid, something more nefarious could also be at play.
https://financialunderground.com/articles/3-reasons-theres-something-sinister-with-the-big-push-for-electric-vehicles/

2023-08-29 19:09:26

“You have the watches, but we have the time.”
The Taliban often referred to this old Afghan saying when discussing their fight against the Americans.
Ultimately, they were proven correct.
After almost two decades of conflict, an insurgent army from one of the world’s poorest nations inflicted a decisive military defeat on the US, the global superpower that upholds the unipolar world order.
The US government’s total failure in Afghanistan—the longest war in American history—signifies a crucial moment and turning point in world history.
The Soviet Union collapsed about two years after the Red Army was defeated and withdrew from Afghanistan.
As we approach the second anniversary of the American retreat, could a similar fate be in store for the US?
https://financialunderground.com/articles/the-graveyard-of-empires-the-top-investments-as-the-world-order-collapses/

2023-08-28 16:44:13

Governments, the media, academia, large corporations, and celebrities tout an imminent “transition” to electric vehicles as if it’s preordained from above.
It’s not.
They’re trying to manufacture your consent for a scam of almost unimaginable proportions.

2023-08-28 15:04:48

In warfare, the loser is likely to be the country that goes broke first.
https://internationalman.com/articles/the-outcome-of-war-with-russia/

2023-08-24 16:27:44

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For what it's worth, here's how I see it...
https://financialunderground.com/articles/crisis-and-chaos-heres-what-to-expect-as-the-world-order-collapses/
And
https://financialunderground.com/articles/the-graveyard-of-empires-the-top-investments-as-the-world-order-collapses/

2023-08-22 17:24:14

Prices are never going back to the levels they were.
It's a new baseline that only gets adjusted higher.
It’s like trying to run on a treadmill where the speed only ratchets up.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 17:11:35

It’s only a matter of time before “fight for $15″—the rallying cry for a $15 minimum wage—becomes “fight for $20.” Then it’s “fight for $50,” “fight for $100,” and so forth.
People should really fight to end the Federal Reserve and the fake money they create out of thin air and force everyone else to use.
It’s the only way to end this insidious cycle that impoverishes everyone except the politically-connected insiders closest to the money printing.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 15:36:25

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A big part of the scam is to get people to be happy about an ever-decreasing standard of living (caused by currency debasement) because they wrongly believe they are saving the planet.
Meanwhile, the thieving central bankers ride off into the sunset with the stolen loot undisturbed.

2023-08-22 15:25:24

The lying media will blame supply chain problems, Putin, and greedy corporations… anything but the Fed as the source of inflation.
The media’s search for the real cause of inflation is like OJ Simpson’s search for “the real killers,” only more absurd.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 15:16:48

The US is headed straight into an inescapable downward spiral of a political-inflation cycle that follows a clear pattern and creates a self-perpetuating doom loop.
1. In a fiat currency system, the government will inevitably print an ever-increasing amount of currency to finance itself.
2. This makes prices and living costs rise faster than wages.
3. The average person feels the pain but doesn’t understand what’s happening.
4. More people support politicians who promise freebies to supposedly relieve the pain inflation causes.
5. In order to pay for the “freebies,” the government prints more currency.
6. This creates even more inflation, and the cycle repeats.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-22 15:12:35

@npub15dq…lm5m was absolutely correct when he said:
"The road to serfdom consists of working exponentially harder to earn a currency that is growing exponentially weaker.”

2023-08-22 15:09:29

2023-08-22 15:05:11

A trillion is a massive, almost unfathomable number.
The human brain has trouble understanding something so huge. So let me try to put it into perspective.
If you earned $1 a second 24/7/365—about $31 million per year—it would take you over 31,688 YEARS to make $1 trillion.
So that’s how enormous a trillion is.
When politicians carelessly spend and print money measured in the trillions, you are in dangerous territory.
https://financialunderground.com/articles/how-inflation-destroys-civilization-and-what-you-can-do-about-it/

2023-08-16 16:53:18

"What passes for economics today isn’t science; it’s more like a religion, where dogma is handed down from on high.
Economists write abstruse papers that are used as reasons for the government to “step in” and “do more.”
Economists have actually become something of a secular priesthood who interpret the doctrines of various prophets.
The dominant prophet for the last century has been JM Keynes." --- Doug Casey
https://internationalman.com/articles/doug-casey-on-how-economic-witch-doctors-convince-everyone-theyre-neurosurgeons/

2023-08-15 15:36:42

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It's called tax farming.

2023-08-15 15:17:41

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Suppose someone like BlackRock wants to manipulate the price of an asset by creating more claims on it than what actually exists.
Taking physical delivery of the underlying asset would be one way to reveal the fraud.
If there are more claims than actually exist, asking for physical delivery will reveal it because the delivery will fail.
Think of taking physical delivery like calling the manipulator’s bluff.
It’s challenging to take delivery of physical commodities traded on large exchanges, which opens the door to creating more claims than actually exist. It’s not easy to call their bluffs.
However, with Bitcoin, taking delivery is as simple as sending an email.
If anyone is idiotic enough to create more claims to Bitcoin than actually exist, revealing the fraud will be much easier than with other assets.
If BlackRock or some other entity tries this stunt, consider it a gift. You’ll be able to accumulate more Bitcoin at artificially lower prices until their Ponzi Scheme inevitably blows up.

2023-08-15 15:11:51

I am no fan of Fink, BlackRock, and the nefarious agendas they push.
Frankly, I’d like to see BlackRock go bankrupt and Fink clean toilets to earn a living.
However, it’s important to remember that Bitcoin is an apolitical, open, permissionless monetary network available to anyone and controlled by none. Nobody can be prevented from using Bitcoin.
Bitcoin is for everyone, including people you don’t like.
https://financialunderground.com/articles/blackrock-bitcoin-and-a-tsunami-of-institutional-demand/

2023-08-08 21:05:49

As the de-banking trend accelerates, there’s never been a time when it’s been riskier NOT to own Bitcoin.
More and more people will discover Bitcoin as the best alternative to the rotten banking system.
https://financialunderground.com/articles/de-banked-its-only-a-matter-of-time-before-it-happens-to-you/

2023-08-08 20:55:26

In a truly free market, banks would cease to be government-sanctioned Ponzi Schemes and revert to their historical role as independent money warehouses.
Further, anyone could enter the banking business in a free market; you wouldn’t need the approval of the Federal Reserve cartel, as banks do today.

2023-08-08 15:25:51

Money is simply supposed to be something useful for storing and exchanging value.
Banks are simply supposed to be money warehouses.
However, that is not how it works today.
Governments have perverted money and banking into tools to control the population.

2023-08-08 15:12:44

As the de-banking trend accelerates, there’s never been a time when it’s been riskier NOT to own Bitcoin.
I believe more and more people will discover Bitcoin as the best alternative to the rotten banking system.
In that sense, de-banking is, in fact, a giant advertisement for Bitcoin.

2023-08-08 15:11:51

A “lender of last resort” means legalized counterfeiting of the currency to backstop a legalized Ponzi Scheme.
Such a blatant scam would have no place in a free market for money and banking.

2023-08-08 15:10:08

The notion of a free market in money is laughable.
We don’t have free market money; we have communist money forced upon us with violence and threats of violence.
In a truly free market for money, people would voluntarily choose whatever was most suitable for storing and exchanging value.

2023-08-08 14:51:02

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For every Nigel Farage there are probably hundreds—or thousands—of other ordinary people likely receive the same despicable treatment but are never heard from.

2023-08-08 14:01:22

“Misinformation” is a vague propaganda term.
It really means “information the people in charge don’t want you to know because they’re afraid you will come to a conclusion they don’t like.”

2023-08-08 13:57:56

De-Banked: It’s Only a Matter of Time Before It Happens to You
Explore the disturbing trend of de-banking, how governments and elites are using it to control narratives, and discover a revolutionary alternative to safeguard your financial freedom.
https://financialunderground.com/articles/de-banked-its-only-a-matter-of-time-before-it-happens-to-you/

2023-08-01 15:15:50

It’s no coincidence that the worst year ever for US Treasuries also saw the highest central bank gold buying spree in over 55 years.
https://financialunderground.com/articles/9-reasons-why-gold-will-soon-replace-treasuries-as-the-ultimate-store-of-value-asset/

2023-07-25 15:31:34

Only prudent to expect:
1. The media to ramp up its propaganda and gaslighting on inflation.
2. The government to change how it calculates inflation.
3. The Fed to raise its official inflation target from 2% to 3% or higher.
4. Publishing inflation stats other than the crooked CPI to be deemed illegal "disinformation."
5. Capital controls
6. Mandates and regulations to corral more people into Treasuries.
https://financialunderground.com/articles/turn-tables-on-financial-repression/

2023-07-25 15:26:15

The US government will use financial repression to debase the currency in a controlled fashion, though it could spiral into out-of-control inflation.
https://financialunderground.com/articles/turn-tables-on-financial-repression/

2023-07-23 14:07:17

What will the Bitcoin supply be in 5 years?
20,361,265
What will the Ethereum supply be in 5 years?
????

2023-07-18 15:01:54

Much of the value stored in the $133 trillion global bond market will move elsewhere...
Either voluntarily to superior store-of-value assets or involuntarily to bankrupt governments and their cronies as they accelerate the largest wealth transfer in history.
That is the Big Picture most people don’t understand… yet.
https://financialunderground.com/articles/the-collapse-of-the-risk-free-delusion-implications-for-the-133-trillion-bond-market/

2023-07-18 14:48:03

Did you know that 2022 was the WORST year for US Treasuries in American history?
It should forever end the ridiculous—yet pervasive—delusion that Treasuries are “risk-free.”
https://financialunderground.com/articles/the-collapse-of-the-risk-free-delusion-implications-for-the-133-trillion-bond-market/

2023-07-15 16:44:19

2023-07-11 16:07:04

2023-07-10 22:14:11

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I hope they go for it! Will be hilarious

2023-07-10 21:54:12

I wouldn't worry too much about BlackRock trying to make an ESG Bitcoin.
Even if they were foolish enough to do so, I doubt it would be more successful than Bcash.
http://nostr.build/i/a778a59e22e527c349c9b8b31f1823d9da4517f62f2c4f598dcc95a6d5788c63.png

2023-07-05 19:38:28

“We should expect over time a gradually increased share of other assets in reserve holdings of countries.” -Janet Yellen
“It’s possible to have more than one reserve currency.” -Jerome Powell
It should be blatantly obvious to anyone what comes next...

2023-07-04 15:52:15

Minimizing the State’s Ability To Coerce You… How To Obtain Real Independence
https://financialunderground.com/articles/minimizing-the-states-ability-to-coerce-you-how-to-obtain-real-independence/

2023-06-27 15:38:39

To escape the collapsing fiat system and CBDC enslavement, many millions—soon billions—of people are turning to monetary alternatives like gold and Bitcoin.
https://financialunderground.com/articles/gold-vs-bitcoin-vs-cbdcs/

2023-06-20 17:29:16

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Thanks I'll take a look.

2023-06-20 17:25:23

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What are the pros/cons compared to Phoenix Wallet?

2023-06-20 16:59:05

Any country can turn into a Venezuela—or worse—faster than most can imagine or prepare for.
A second passport gives you the legal right to live and work elsewhere.
It guarantees you won’t have to live like a refugee if you can get out of Dodge.
https://financialunderground.com/articles/the-top-7-reasons-why-you-need-a-second-passport-today/

2023-06-20 14:45:12

Before World War I, you didn’t need a passport to travel internationally.
It was a self-evident truth that a sovereign individual could travel anywhere he wanted without asking for anyone’s permission.
Unfortunately, that’s not how travel works today.
https://financialunderground.com/articles/the-top-7-reasons-why-you-need-a-second-passport-today/

2023-06-20 14:38:00

Instead of an inalienable right, governments treat travel as a special privilege they grant the plebs that can be taken away if they misbehave—much like how an adult treats a child’s request to go to a friend’s house.
https://financialunderground.com/articles/the-top-7-reasons-why-you-need-a-second-passport-today/

2023-06-20 14:33:56

Obtaining a second passport is fundamental to freeing yourself from absolute dependence on any country.
Once you have that freedom, it’s much harder for any government to coerce you or control your destiny.
https://financialunderground.com/articles/the-top-7-reasons-why-you-need-a-second-passport-today/

2023-06-16 16:54:15

Is there a compelling publicly-traded hydrocarbon company in North America that is not government owned, not woke, and not onboard with the carbon hysteria?

2023-06-13 15:37:50

“Let me explain. This is my daughter. I’m willing to marry her off, but only to a man that values her more than I value her.”
That’s what MicroStrategy executive chairman and co-founder Michael @saylor told the potential buyer of his voice.com domain.
Saylor would eventually sell voice.com for $30 million, a record for the highest price ever paid for a domain name.
It’s an incredible story that few people have heard…
In the early days of the internet, Saylor was quick to recognize the value of domain names which were also words everybody understood. He figured it was like owning a part of the English language.
So, Saylor purchased several of these prominent domains—like voice.com—thinking they would be worth a fortune to the right company in the future.
After around 20 years, one day, out of the blue, a domain broker contacted Saylor and offered him $150,000 for voice.com on behalf of a potential buyer.
Saylor told them, “Look. I’ve been waiting for 20 stinking years. $150,000 isn’t going to do much for me. Tell him no.”
A week later, they came back and offered him $300,000. Again, Saylor said no.
A few days later, the potential buyers returned and offered $600,000.
Saylor told them he wasn’t interested unless it was something serious—like north of $10 million.
They then offered him $1.2 million, and again Saylor declined.
The potential buyers then asked what he would accept for voice.com.
Saylor remained non-committal and vague, insisting they had to make a serious offer for a lot of money.
The potential buyers then more than doubled their offer to $3 million, then to $6 million, and then to nearly $10 million.
At this point, Saylor’s colleagues urged him to accept the offer.
However, Saylor continued to decline, noting that voice.com could be worth a lot more to the right company and that he had a whale on the line.
He said, “I have $500 million in the bank. And I love my things. Maybe you can tell that I’m a little bit passionate about some of this stuff. So I would rather own it and not have the $10 million than sell it for that.”
The potential buyers then upped their offer to $12 million.
Saylor realized the potential buyers were serious. He didn’t want to discourage them entirely with his repeated refusals.
So, he told them he has seen people drop $100 million on a marketing campaign and that he thinks voice.com is worth at least $100 million. That being said, he would reluctantly accept $30 million for it.
They then offered him $22 million.
Saylor again said no, but offered to have a phone meeting with them to discuss further.
As the meeting started, the potential buyers again offered $22 million.
Again, Saylor declined, noting that owning the word “voice” in English was like owning an acre of Central Park. He was in no rush to sell it and could hold on to it for many more years until a buyer came to his price.
At this point, the buyer agreed to come to Saylor’s price.
After being offered $150k, Saylor sold voice.com for $30 million—the most anyone has ever paid for a domain name.
It’s a record that still stands as of writing.

2023-06-12 19:29:00

Mistaking an altcoin token for equity would be like mistaking Chuck E. Cheese arcade tokens or airline frequent flyer miles for an ownership stake in the underlying airline or arcade business.
https://financialunderground.com/articles/the-crypto-crackdown-intensifies-what-comes-next-and-what-you-need-to-do-now/

2023-06-12 19:27:59

I think the SEC should have been abolished yesterday, and there should be a totally free market in investments.
That would be better for everyone except the insiders who benefit from the cronyism of the current system.
That said, as a practical matter, nobody should be surprised that the SEC and US government go after those who flout it.
If you have a centralized group of people creating a digital token, giving a bunch to themselves, marketing it to pump the price, and then dumping it on the retail market without a registration statement and disclosing who owns the token, that’s like sticking your head in a crocodile’s mouth and hoping it doesn’t bite.
You would have to be pretty dim not to see the SEC would inevitably go after crypto. Anyone with their eyes open could have seen it coming from a mile away.
https://financialunderground.com/articles/the-crypto-crackdown-intensifies-what-comes-next-and-what-you-need-to-do-now/

2023-06-12 18:13:17

I expect the crypto crackdown to accelerate and potentially wipe out hundreds of billions in market value.
That’s terrible news for every cryptocurrency—except Bitcoin.
https://financialunderground.com/articles/the-crypto-crackdown-intensifies-what-comes-next-and-what-you-need-to-do-now/

2023-06-10 20:11:43

Amid the regulatory crackdown and the ongoing Shitcoin Apocalypse, remember Bitcoin is the only cryptocurrency that is unambiguously NOT a security.

2023-06-10 17:20:42

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Here's why hard forks are a big problem for the credibility of the supply...
Imagine there was a group of people who could hard fork gold. Let's call them the Gold Cartel.
Suppose the Gold Cartel decided to hard fork gold to change its essential characteristics (what they would euphemistically call a "protocol upgrade"), but not the gold supply.
Then suppose the Gold Cartel mandated a gold hard fork that would change gold from a solid to a liquid and from the color yellow to brown. But they decided that, this time, they would leave the gold supply unchanged.
They claimed they were making these changes to gold to upgrade its fungability and that everyone must go along with them and their new and improved version of gold.
Then suppose the Gold Cartel told everyone the gold hard fork would occur in 2 weeks and that everyone in the world must come to one of the Gold Cartel's offices to exchange the old yellow, solid gold for the new brown, liquid gold.
After the Gold Cartel's hard fork, the old yellow, solid gold would not longer be valid. It would no longer be gold and thus useless to anyone who didn't exchange it for their newly mandated liquid brown gold.
In such a situation, would gold be a neutral, apolitical, decentralized asset?
Would its supply have any credibility?
Or would it be a shitcoin?

2023-06-10 17:14:40

Privacy coins are shitcoins...
The most important characteristic of a good money is that it is credibly “hard to produce,” which makes it resistant to debasement.
All other monetary characteristics—including privacy and fungibility—are meaningless if the money is easy for someone to produce.
For example, I can obtain good privacy by using physical Mexican peso bills in transactions, but that doesn’t mean the peso is good money.
The same concept applies to so-called privacy coins.
Like all altcoins, it is trivial for privacy coin developers to change the protocol through hard forks, which they frequently do. That means their monetary policies have no credibility, and their scarcity is artificial because the developers can change the protocol. It might be a neat privacy tool, but it won’t be a good money.
It is far better to have a money that is credibly resistant to debasement—like Bitcoin—and build privacy features on top of it rather than start with something that can easily be debased but has good privacy.
Further, several excellent privacy tools are available to anyone right now on Bitcoin, eliminating any need for privacy coins.

2023-06-09 15:58:48

This is 100% the correct take on the unfolding shitcoin apocalypse.
https://twitter.com/saifedean/status/1666692773855019008

2023-06-08 17:51:30

Mistaking a shitcoin token for equity would be similar to mistaking Chuck E. Cheese arcade tokens or airline frequent flyer miles for an ownership stake in the underlying airline or arcade business.

2023-06-07 04:09:28

A slice of the fiat life
Single income no kids
A hop, skip, and a jump away from living in the pods
https://twitter.com/mrice97/status/1665957962844897280

2023-06-07 00:08:37

The Case Against Altcoins: 3 Reasons Why You Should Stick to Bitcoin Only
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-why-you-should-stick-to-bitcoin-only/

2023-06-07 00:08:05

Once people realize altcoins are not good money, they often fall back on the claim that they are like equity or investing in tech start-ups.
When you invest in the equity of a start-up, you have an ownership stake. It’s a legal claim to the assets of the business and its future cash flows.
However, altcoins do not represent any ownership stake or legal claim on any asset or cash flow whatsoever. That’s why they are nothing like equity, despite what many believe.
It would be similar to mistaking Chuck E. Cheese arcade tokens or airline frequent flyer miles for an ownership stake in the underlying airline or arcade business.
But suppose altcoins did represent an ownership stake or a claim on an asset. They would then undoubtedly be “securities,” which means their developers must register with the government.
Practically no altcoins have registered as a securities, yet most of them probably are indeed securities—even though they offer no legal claim to ownership.
Given their statements, it’s clear that the SEC views altcoins as unregistered securities.
That’s because altcoins have issuers.
By contrast, the SEC and the rest of the US government have been clear that it views Bitcoin—and only Bitcoin—as a commodity, a much more favorable designation.
That’s because Bitcoin does not have an issuer.
It brings up another relevant point. Most altcoins would cease to exist if the SEC went after them, which illustrates that, despite the marketing claims and technobabble, altcoins are not decentralized.
Here’s the bottom line…
When you buy altcoins you get the worst of both worlds.
You get the regulatory and legal risk of owning an unregistered security without any ownership stake in assets or future income.
Altcoins are nothing like equity.
https://financialunderground.com/articles/the-case-against-altcoins-3-reasons-why-you-should-stick-to-bitcoin-only/

2023-06-02 16:03:36

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Gas lighting and inflation laundering, essential skills for the fiat economy
#nevent1q…esyx

2023-06-02 16:03:23

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Gas lighting and inflation laundering, essential skills for the fiat economy

2023-05-21 15:42:36

Bugs are the new seed oils.
The Economist: “We’re not going to convince Europeans and Americans to go out in big numbers and start eating insects… The trick might be to slip them into the food chain on the quiet.”

2023-05-12 15:07:00

Ask yourself, why does money laundering have draconian penalties, yet the media, academia, politicians, midwits, and many others engage in inflation laundering with impunity?