Tim Totten on Nostr: After a long and detailed analysis of the situation, I've changed my mind and decided ...
After a long and detailed analysis of the situation, I've changed my mind and decided that hard money was just a 5000-year fad. This current 52-year experiment where money is whatever the money printers tell us it is, well that is clearly the solution that best benefits all of society. The faster money can be counterfei...I mean, printed and handed out to the rich people with the coziest connections to government, the more government can be expanded, the more the lower and middle classes become increasingly dependent on government for everything, and the more true wealth and power gets transferred to the richest folks at the top.
I mean we can all get behind this strategy for a better society, right? I know the President told us in 1971 that the closure of the gold window was just a temporary measure, but I say it's time we put an end to the fear that hard money might some day again be declared the law of the land. Why should we continue to let that fear hang over us? Let's just go ahead and declare this fiat money experiment a complete success, and make it permanent!
While we're at it, we should probably reinstate Executive Order 6102 from 1933 and seize everyone's gold once again. And more importantly, outlaw all the math behind the open source protocol known as #Bitcoin.
And we should probably put limits on private holdings of all other assets like real estate, rare art, and baseball cards. If any escape hatch is left open, some folks who don't share our utopian vision of limiting class mobility might try to use those escape hatches. We can't have that. (Of course, all the best tightly regulated investments that can only be held by rich people should be fine as long as we maintain high enough standards to keep ordinary folks out.)
So in this spirit of a more perfect society, where everyone just stays in the social class they are born into, I have decided not to wait for the official new Executive Order, but rather go ahead and pre-comply by burning all my Bitcoin. If you care about ensuring that governments everywhere have unlimited ability to expand into every aspect of our lives, and if you support the vision of putting a hard cap on upward social mobility, so the non-rich just stay in their place, I hope you will join me. #fiatforabetterworld
I mean we can all get behind this strategy for a better society, right? I know the President told us in 1971 that the closure of the gold window was just a temporary measure, but I say it's time we put an end to the fear that hard money might some day again be declared the law of the land. Why should we continue to let that fear hang over us? Let's just go ahead and declare this fiat money experiment a complete success, and make it permanent!
While we're at it, we should probably reinstate Executive Order 6102 from 1933 and seize everyone's gold once again. And more importantly, outlaw all the math behind the open source protocol known as #Bitcoin.
And we should probably put limits on private holdings of all other assets like real estate, rare art, and baseball cards. If any escape hatch is left open, some folks who don't share our utopian vision of limiting class mobility might try to use those escape hatches. We can't have that. (Of course, all the best tightly regulated investments that can only be held by rich people should be fine as long as we maintain high enough standards to keep ordinary folks out.)
So in this spirit of a more perfect society, where everyone just stays in the social class they are born into, I have decided not to wait for the official new Executive Order, but rather go ahead and pre-comply by burning all my Bitcoin. If you care about ensuring that governments everywhere have unlimited ability to expand into every aspect of our lives, and if you support the vision of putting a hard cap on upward social mobility, so the non-rich just stay in their place, I hope you will join me. #fiatforabetterworld