Bitcoin or: How I Learned to Stopped Worrying and Love the Debt

Tick Tock goes the debt clock! $ 22.1 Trillion and Counting

"Bitcoin or: How I Learned to Stopped Worrying and Love the Debt"

The crash that everyone seems to be predicting as a foregone conclusion will not happen in 2020 or in the next several years for that matter.

The economic downturn already happened in 2018. That was the markets taking a breather from this historic run on all assets.

Our financial system has not been systemically improved since 2008/9; it is still a house of cards dependent on debt slaves taking on more obligations and not defaulting. However the environment in which that house of cards is built has somewhat shifted.

It is now all but decided that inflation and low/negative interest rates will be used to prop up the markets.

Why do I believe that is the case? For many reasons.

First and foremost the beneficiaries of inflationary QE style stimulus is almost everybody, at least in the short term.

  • Inflation reduces the burden of past debts; so debtors benefit from inflation

  • Inflation increases the value of assets ; so wealthy people benefit from inflation

  • Inflation increases economic activity; so there are more jobs

When you don't consider the long term ,macro economic, or geopolitical effects of inflation it seems to be a good thing that benefits everyone.

We've talked about how Inflation is the culprit behind excessive warfare, how inflation steals from wage slaves, how inflation created an unsustainable global economy, how inflation is destroying the environment, etc. Inflation has created the hellish circumstances our future generations will face. But its important to remember that "The Road to Hell is paved with Good Intentions".

Even though inflation is inherently evil (in the sense that it is creating the conditions for the greatest starvation event the world has ever seen); the immediate effects of inflation are positive for everybody except those who store their value in fiat currencies.

If it weren't for the fact that inflation funds wars and creates an unsustainable global economy; there is nothing inherently evil in wanting to smooth the boom/bust cycle. Its just that in reality humans have always abused this power, to everyone's detriment. Just like there isn't anything inherently evil wanting a benevolent communist government to centrally plan,increase efficiency/quality of life for its inhabitants, provide basic services for free. Its just that in reality people shouldn't wield that kind of power. People make mistakes, and people are selfish.

Anyways; currency inflation can be maintained for decades , maybe even longer, if managed in lock-step with other major currencies.

There is no reason we couldn't see a gallon of milk going for $ 50000 and average salaries in the hundreds of millions/billions. The issue would be if other economies don't inflate at similar rates they can gain purchasing power over us. So major economies just need to inflate at roughly similar rates and they can keep this game going as long as the people let them keep going.

And the people will let them keep going; because those who are most negatively affected by these policies literally have no idea that these policies are affecting them. Those who are most aware of these policies are in a position to take advantage of them; so they root for it.

Look at what is going on in the world around us. Global events, politics, the news. Its all so dramatic and confusing. I believe that we are in the midst of being pulled through the eye of a needle. The world is changing rapidly right now and most are too distracted by the media circus to take note. These are deliberate distractions, not necessarily manufactured, but exaggerated greatly.

I suppose its more comforting to be distracted than to see that the global system which has kept the order for nearly 80 years is being radically re-negotiated , without input from the people. It would be hard for the masses to keep going through the motions if they knew the magnitude of changes they may soon be facing.

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Bitcoin – The Currency of the Internet

Top 10 Stocks US Hedge Funds Absolutely Love in 2019

Top hedge fund managers weren’t scared away from the popular FAANG stocks during a dreadful Q4 for the U.S. stock market. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL) are among the 20 stocks most favored by a select group of over 400 large hedge funds analyzed by WalletHub. Apple, Amazon, and Alphabet are in the top five on WalletHub’s list for the second straight quarter. All three stocks have gains of at least 400% over the past decade. Facebook jumps into the top 5 after Mark Zuckerberg’s company fell short in Q3 amid ongoing privacy concerns.

The post Top 10 Stocks US Hedge Funds Absolutely Love in 2019 appeared first on CCN

News – CCN

Liberals Love Immigration Unless Google or Amazon Wants to Move to Their Neighborhood

Why does the media keep reporting on Amazon, Google, and other tech giants building new offices and data centers as if their desire to expand is an affront to basic human decency? This article by Elizabeth Dwoskin at the Washington Post covers Google’s expansion into a new data center near Dallas, TX as if the author was a muckraker uncovering a dirty secret. Complete Picture or Propaganda? The story begins: “Last May, officials in Midlothian, Tex., a city near Dallas, approved more than $ 10 million in tax breaks for a huge, mysterious new development across from a shuttered Toys R

The post Liberals Love Immigration Unless Google or Amazon Wants to Move to Their Neighborhood appeared first on CCN

News – CCN

I hope for a little bit of love on this post because I am pushing Bitcoin in the Vice-Mayoral election in New York City.

Hello,

Back in March 2018, articles like this one were posted: "New York Assemblyman Ron Kim Passes a Bill That Could “Kill” BitLicense" = https://cryptoslate.com/new-york-assemblyman-ron-kim-passes-bill-kill-bitlicense

Right now, Rom Kim and I are both running for the position of Public Advocate of the City of New York. As such I got to ask him a question regarding his bill: https://www.youtube.com/watch?v=Cvze9yHki8k (Sound is bad …)

Bitcoin is part of the New York City election and would be great to get some publicity around it.

Regards,

Theo Chino, hopefully the bitlicense slayer.

https://article78againstNYDFS.com & https://AbolishTheBitlicense.org

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Bitcoin – The Currency of the Internet

Yo uncle Sam: I wanna buy my coffee with magic internet money. Leave me alone. I don’t wanna calculate capital gains tax. There is no gain. -with love your niece

Other countries are letting small purchases without calculating capital gains tax. Other let you ignore capital gains when HODLing for over a year. Dear uncle, let's not fall behind others. Land of free ain't so much free if you make it prohibitive for me to buy my coffee with magic internet money. I didn't say anything to you when you stole half of my paycheck because I gracious. I didn't want commotion in the family, but please stop dipping into fruits of my labor. I'm so frustrated I need a beer, but guess what, I have to buy that with cocaine covered green back too.

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Bitcoin – The Currency of the Internet