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About this Episode
Good Morning Everyone,
We’ve descended so deep into clown world at this point, that it almost feels as if no one with any kind of influence or power is either paying attention or has any idea what they’re doing.
We’ve witnessed Lebanon’s central bank blow up, as their currency essentially hyper inflated into oblivion leaving many broke, homeless and hungry.
We’ve more recently seen the central bank of Sri Lanka default on their obligations. Yep. They’re broke as well. This has led to major societal unrest in the country as they’re experiencing an energy and food crisis as well as a result.
Lets not forget Turkey. As discussed back at the very beginning of the year - Turkey have been experiencing extreme levels of inflation leading to the implementation of pricing controls and capital controls. Naturally we sore capital rush to gold and bitcoin amongst others, as the countries local currency became increasing worthless internationally with inflation printing almost 70% last month. Wild!
Next up on the clown world winners list is New Zealand. New Zealand’s government have been amongst the most insane during the COVID hysteria, perhaps only outdone by Canada and the crack-pot drama teacher, and it doesn’t look like sanity is going to be reinstalled in NZ any time soon.
Apparently the New Zealand government have decided to combat their inflation issues and rising costs by inflating the money supply and handing out some fiat currency to bribe their population and keep them compliant and submissive.
According to this article from the abc, the payments are aimed to support families as the inflation crisis peaks.
“New Zealand’s government said Thursday it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as “the peak of the global inflation storm.”
It’s difficult to believe this is even real, given how incredibly absurd it is. But i guess the clown world is only going to get more clowny.
I’m genuinely starting to be open to the possibility that this is actually a coordinated and controlled demolition of the financial system to make way for a new and improved iteration via CBDCs where a whole new level of control can be exerted upon populations, as the measures taken are just too outrageous. It’s nearly impossible to believe that the people implementing these measures do not understand the ramifications of the actions they’re taking.
Or perhaps it’s just a natural course of action as a result of the varying incentives that exist.
The NZ Dollar is currently down just shy of 30% from its highs in 2014 and while that’s a period of 8 years and there has been some ebb and flow, the chart is not looking good. Infact it looks a lot like the chart of a shitcoin as the rolling hills of distribution are starting to look well established and its in an 8 year downtrend on the monthly. Brutal.
The simple reality is that inflation, and specifically the ability to inflate the money supply is at the root of our problem. It is not the solution. Trying to fix this s**t show by printing more money, is akin to being completely broke and thinking you can solve your problems by getting a new credit card. The fact that we are being blatantly lied to about this should scare you.
‘The inflation will save the day’ propaganda is only going to continue to ramp up, meanwhile country after country continues to tell a different story as the dominos fall one by one.
This tweet from Saifedean is on point:
For centuries fiat currencies have been created and destroyed, and many lives along with them. Never in our civilizations history was there a viable alternative that would sustain through time. Until now.
No one is going to force you to adopt bitcoin. Thats the beauty of it. It’s a peaceful resistance, and you can choose to opt-in to the network - or not; and when you consider the fact that in life, you have to be a node in a monetary network of some kind in order to be able to survive, and your choice is between one where admins have special privileges compared with you - like in fiat, or you can choose a neutral network of only users - no admins. Where no user in the network has any power over another, with a cryptographically fixed supply that can not be changed. Compared with a system where some admin who lies to the population like it’s a sport, can just arbitrarily create more at the flick of a switch, stripping value from you and your family at will.
Once you frame it up, It becomes increasingly bizarre to consider that many people are actively choosing the fiat network as their preferred monetary network at present.
But over time, I believe this will change. It’s just a sign of how early we still are.
The world has never had an immutable network with the properties of bitcoin. In years to come, we won’t be able to imagine a world without it.
Hope you all have a great weekend. I’ll talk to you next week.
AK
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