thomas_fahrer on Nostr: As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement ...
As the Bitcoin guru Larry Fink articulated, the foundation for savings & retirement is Hope.
To check if you have any rationale for hope -
Here are 13 Red Flags to look for in your local fiat currency:
1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩
2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩
3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩
4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩
5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩
6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩
7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩
8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩
9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩
10) Climate Scapegoat: Is the weather to blame for rising prices?🚩
11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩
12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩
13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩
If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin
To check if you have any rationale for hope -
Here are 13 Red Flags to look for in your local fiat currency:
1) Unaccountable Creation: Is the currency created out of thin air by unaccountable bureaucrats? 🚩
2) Fractional Reserve Banking: Do “Too Big to Fail” banks loan out the savings of their clients while barely keeping a fraction in reserve? 🚩
3) Inflation measurement: Is inflation measured by a government stipulated basket of goods, with no relevance to your actual life? 🚩
4) Housing Affordability: Are the generations expected to be the engine of the economy over the next several decades priced out of owning their own home? 🚩
5) Tax base mental health: Is an increasingly large proportion of the population unsure / unable to confidently state whether they are in fact male or female? 🚩
6) CBDC Risk: Is the government seeking / investigating absolute control over payments made within their borders? 🚩
7) History of unethical behavior: Has your government recently imposed lockdowns or unethical mandates?🚩
8) Frequent Banking Crises: Is the country perpetually experiencing banking crises that require new & inventive government tools to resolve? 🚩
9) Putin's Price Hike: Are foreign leaders on the other side of the planet responsible for the currency's inflation? 🚩
10) Climate Scapegoat: Is the weather to blame for rising prices?🚩
11) Unrealised Loss Powder Keg: Has local currency interest rates spiked triggering catastrophic unrealised losses in government bonds for banks & insurance companies? 🚩
12) Sovereign Debt Levels: Is your country already within a debt spiral where it can only pay off its existing debt, by adding more debt? 🚩
13) Competition: Is there a decentralized, permissionless monetary network with a fixed supply, building network effects globally, competing with your currency? 🚩🚩🚩
If any of these apply to your local fiat currency, the smartest move is likely to be dumping it in favor of Bitcoin