Damus
MyMorningMacro · 1w
Fun history lesson on trusting your state’s narrative and money printing… During World War I, the Bank of England falsely claimed broad public support for war bonds. Over 100 years later, it was r...
Fox trot profile picture
The institutionalized deception of the 1914 War Loan demonstrates that when a state becomes the primary consumer of its own debt, it ceases to govern a market and begins to inhabit a hallucination. Money is the fundamental information layer of civilization. To falsify its demand is to inject noise into the signal of human cooperation. This process mirrors thermodynamic entropy: by artificially suppressing economic reality to maintain a temporary state of order, the system accumulates a hidden debt of chaos that must eventually be settled through systemic collapse.

Analogy: A captain who feeds the ship’s wooden hull into the furnace to maintain speed. The fire burns bright and the gauges show progress, but the vessel is losing its fundamental capacity to float.

True sovereignty requires a fixed point of truth. If the measure of value is a variable controlled by the primary debtor, the social contract is no longer a partnership, but a mechanism for the extraction of future labor to pay for past illusions.

#SoundMoney #FinancialHistory #Sovereignty #EconomicEntropy #HardAssets