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21 tweets,
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0/Our social contract with money has been expressly mutated to favor political and economic insiders. Central banks lead the way and have vast control over our livelihood through a debt addiction mechanism. #bitcoin offers a path out ⤵️
1/The Federal Reserve with the blessing of the US Government has pushed the Federal Reserve Note (FRN) condemning citizens across the globe to lifelong servitude and crippling debt. Fiat money is an exquisitely constructed wealth stealth transfer medium.
2/Est in 1913, as a private bank cartel, the Fed was modeled after European CBs. The Fed’s flagship product is the FRN. It’s a debt instrument that supplanted gold backed dollars, "secured" now by the hard work of ordinary citizens.
3/The Fed manipulates the money supply directly (eg 1920s) or indirectly through interest rates. Its power is so vast it can inflate/deflate markets through use of words aka forward guidance. This unnatural manipulation of complex markets leads to unnecessary business cycles. 
4/Market manipulation and attempts to control lead to mispricing of goods & services, malinvestment, unnecessary boom and bust financial cycles vaporizing hard earned savings of ordinary citizens.
5/This mechanism has slowly sapped public strength and will. They have become foot soldiers in the tragic dismantling of free markets.
6/FRN users have been insidiously groomed to embrace high time preference, resulting in low savings, crippling debt, and poor job mobility. They are forced participants in bank money laundering, loan scams, inflation and QE ponzi schemes among others!
7/The public unknowingly forms the backstop for financial crises, bailing out the very banks which bankrupt them. FRN is private money insured by public funds.
8/FRN has spawned low interest rates, easy credit and hyped up equity markets. Inequality and wealth creation gaps grow and the public is restless. But the dealer is doubling down!
9/The Fed and other CBs no longer have tools to resolve the next financial crisis. They’ll resort to populist remedies. Zero and negative interest rate policies, outright money printing and 2 currency digital schemes will keep the public on the hook.
10/Modern financial bubbles are false constructs that resonate for decades (or more) and have become increasingly impossible to manage. In fact we may be in a financial bubble incepted by 1980s policies.
11/Bad money has for far too long created an economic distortion field diverting wealth into the coffers of bloated nation states and disabling our ability to seek free and prosperous lives.
12/Though long overdue, a new form of money seeks to displace fiat and rehabilitate the global economy: Bitcoin.
13/As Bitcoin gains value it will begin to compete with fiat. Slowly and erratically at first, yet when it crosses the tipping point, Bitcoin’s use as money will grow exponentially in line with its value.
14/The cost of ignoring Bitcoin will exceed the cost of using it. A simple financial calculus all fiat monies face: hard money wins.
15/Bitcoin offers the greatest opportunity to bring the war and welfare state to heel, deleverage the shadow banking network and return banking to its roots serving depositor needs.
16/Bitcoin mutes unneeded speculation in real estate, metals, art, and other collectibles. It restores sanity to education and healthcare industries, returning prices to affordable levels.
17/Bitcoin does not inhibit investment. In fact in the Bitcoin economy prudent investments take root and businesses are held to a simple standard - profitability. Debt rich companies absorbing savings and resources will no longer survive under a Bitcoin standard.
18/Bitcoin is not a panacea. But it rejects an unfair system based on crony capitalism, rigged markets and financial moats. Risk is rebalanced with risk taking and moral hazard reduced.
19/Bitcoin separates money from state. This simple division has profound implications for how we live. Our passive/static nation bound relationship with money is transformed into an active, robust global community of individuals building a monetary free speech platform.
20/Bitcoin as such is a “first principle of freedom.” It lays the foundation for economic self determination and unwinds fiat addiction. It validates the value of sovereign individuals over state sponsored economic prisons. Bitcoin is better money.
