Damus
f0xr profile picture
f0xr
@f0xr

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford

Relays (12)
  • wss://nostr.mutinywallet.com – read & write
  • wss://brb.io – read & write
  • wss://eden.nostr.land – read & write
  • wss://nos.lol – read & write
  • wss://nostr-pub.wellorder.net – read & write
  • wss://nostr.bitcoiner.social – read & write
  • wss://nostr.orangepill.dev – read & write
  • wss://nostr.wine – read & write
  • wss://relay.current.fyi – read & write
  • wss://relay.damus.io – read & write
  • wss://relay.primal.net – read & write
  • wss://relay.snort.social – read & write

Recent Notes

note19j8zx...
f0xr profile picture
Yes. And real estate is a massive chunk of collateral for the banking system. If you understand fractional reserve banking, you understand that nominal price declined in the collateral backing bank-issued debt results in a total banking system collapse.

If you think real estate is going to decline dramatically in price, you're suggesting that either the Fed (a banking system cartel) will allow the complete collapse of the very system that created the Fed for its own self-preservation, or we're going to get 2008 style bailouts with another zero added to the amount.
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Dug · 66w
Fiat system keeps doing what the fiat system does, tick tock, next print. But when it decouples and everyone looking to store value in an actual store of value, I can see it not being long until a single bitcoin will buy a very nice house.
f0xr profile picture
That purple line at the bottom that's down 63% in gold terms since 2022? That's the "safe" global reserve asset, US Treasury bonds.

The US stole $300 billion of Russia's Treasury Reserves. But since then, their $130 billion in gold reserves have almost doubled in price, gaining over a third of the value stolen by the US.

You don't think the rest of the world, especially China and the ME, noticed?

And you don't think anyone noticed that the only asset that actually outperformed gold happens to be the only asset that has BETTER neutral reserve asset properties than gold?

As @Lyn Alden always says, nothing stops this train. Buckle up.

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nostrich · 67w
that reserves asset outperformed gaining that gold? value gold since neutral almost Russia's you than only up. always then, only asset in The happens US US reserve $300 stolen says, the bonds. the https://blossom.primal.net/5f452c2fb671734f17afd1c4081afa9114235e78c82790fb099a6bafea482733.png tha...
f0xr profile picture
@primal I'm having an ongoing bug with the android app. When I view feeds in the explore tab, I can scroll through the list of notes or long-form reads, but I can't open them. I can open the menu and copy the note ID etc, but I have to go back to the home tab and do a search to actually open the note or read.
phenixfalconer · 68w
One question i was thinking about was how are women educated about childbirth etc. I am assuming most have homebirths? How do they feel about medical intervention s in childbirth? Is infant mortality ...
f0xr profile picture
I don't have enough insight into this to give a great answer, but in general the Amish use more home remedies and alternative medicine than the average American. But they're not opposed to doctors and hospitals when needed, that's always an individual choice.

They do both home births and hospital births, but I couldn't say how the percentage breaks down. My sense is that home births are less than half in the more progressive Amish communities, and more than half in the more conservative communities. But I don't have any good data to back that up.

I'd say it's similar to childhood vaccinations, where I often hear the claim that "the Amish don't vaccinate their children, that's why they don't have x problem." But that's simply false, many do vaccinate. Again, it's the parents' choice whether to do so or not.
Hazey · 68w
Money supply is always net increasing, but what the increasing supply gets spent on determines where increases in prices occur. Parking it in assets for long periods means it's not placed in demand f...
f0xr profile picture
You can't park money "in" assets, that's an economics myth. If you buy an asset, the money doesn't go "into" the asset, it goes into the bank account of the person selling the asset to you. They can either hold it in their bank account and get inflated away, or immediately turn around and spend it to buy something, which starts the same cycle over again.

Without understanding that about the way money works, it's impossible to understand why asset prices move or why price inflation happens.
f0xr profile picture
Fiat currency and fractional reserve banking provide the ideal environment for psychopaths to thrive. That's why they go insane at the smallest sign of a threat to the financial system.

naddr1qvzq...
f0xr profile picture
When the money stops working, everything stops working. Unfortunately I doubt more than 0.001% of people even understand vaguely what money is and how and why it works, so the odds that they'll differentiate between functional money and defective money at a philosophical level is nil. That's why number go up technology is the only hope for Bitcoin adoption.

naddr1qvzq...
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