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Jeff Booth ⚡️ Profile picture
@JeffBooth
Jul 6, 2020 • 7 tweets • 3 min read • Read on X
1) When I wrote @priceoftomorrow I knew I was going up a global monetary system that I believed could not work into a future where technology was advancing at the pace it is today. And that pretending it could, we were only dividing society - but...
2) If I'm being honest, I also felt huge personal and reputational risk in writing it - and almost didn't. Putting out ideas that challenge conventional wisdom is not for the faint of heart. As Voltaire said: It is dangerous to be right in matters where established men are wrong.
3) I am so glad I did. It has been (mostly) the exact opposite - with so many truly incredible people gravitating to...and sharpening a message for change. From all sorts of backgrounds, putting aside differences to focus on something that matters more.
4) Speaking with integrity, while having the empathy to walk in other peoples shoes to see how what the world looks like through their eyes. Some already Gold or Bitcoin advocates, some not, but all - advancing ideas to try make the world a better place.
That is how you build a coalition. With truth, admitting where you might have been wrong before and relating with others. Nothing else can work!
4) And that is why - I have immense gratitude! Too many to list here - but - to some of you who have impacted me along the way. @PrestonPysh @APompliano @Breedlove22 @LynAldenContact @princey1976 @austinhill @bitcoinzay
Thanks for everything! #integritymatters
4)

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More from @JeffBooth

Jeff Booth ⚡️ Profile picture
Apr 6, 2023
To me, it is remarkable that:

1) Almost everyone on the planet seems to be “using/training” AI to make themselves more efficient without realizing that the improvement comes at the expense of their long term income.

And…..
2) While at the same time, advocating/reinforcing a monetary/political system that pushes prices higher through manipulated money.

And…
3) While failing to see the consequences of those 2 diametrically opposed paths….or how the path can’t be solved from within the system creating the problem.
Read 4 tweets
Jeff Booth ⚡️ Profile picture
Nov 13, 2022
A few lessons from "FTX" and "crypto"
a 🧵

1) Follow the money - It leads you to all sorts of people who will be "blinded" by it, or sacrifice their integrity to get it.
2) Counterparty risk......"the probability that the other party in an investment, credit, or trading transaction may not fulfill its part of the deal and may default on the contractual obligations" is very REAL!
3) Far bigger than FTX and "crypto"...... our entire financial system (ie - everything) relies on both part 1 and part 2 of this thread.....and only pretends it is solvent through the manipulation of money.
Read 4 tweets
Jeff Booth ⚡️ Profile picture
Apr 4, 2022
A 🧵
1) El Salvador has reaffirmed to me what I have learned from my travels throughout the world.

The vast majority of people in this world are beautiful people.

With similar hopes and dreams for a better life for themselves and their families, trying their best to achieve it
2) Media and governments, through a biased lens of manipulation, label these people as a group - and we then fall for it. In doing so, we fail to see the individual people on the other side.

In El Salvador, I, myself almost fell into the trap worrying about the gangs and crime
3) Instead, I found the most amazing people, volcanoes, beaches, and hidden gems,

Still early in a transition, but wildly exciting.

As @nayibbukele states it, A place you want to be.

h/t - @stacyherbert
Read 8 tweets
Jeff Booth ⚡️ Profile picture
May 15, 2021
1) Robert Solar on the productivity paradox.

“You can see the computer age everywhere but in the productivity statistics.”

Q - How do you measure productivity gains of the camera on your phone? Unlimited photos for free or nearly free with amazing editing capabilities.
2) Productivity has never been greater, and getting better at an exponential rate as technology plays an ever increasing role in our economies.

Economists don't see it because they're locked in a different system that requires NEVER ending growth. (measured in things)
3) Productivity gains in a world moving on the rails of technology and information = negative GDP.

and that has enormous consequences to a system - built on credit that needs to grow forever to "try" to pay back credit.
Read 7 tweets
Jeff Booth ⚡️ Profile picture
Apr 21, 2021
1) Imagine a society where it was almost universally accepted that it was okay to take something from you, without your knowledge, and gives it to someone else.

That is the world we live in.

And it is called....... inflation.
2) In a more rational world, we might call inflation a "theft".

Taking $$ from the middle class and poor and gifting to the rich.

The more you have the more you are enriched. The less you have the more you are impoverished.

3) What would be the repercussions of a system based on a believable lie, that was really theft in disguise?

Maybe....Growing wealth inequality, racism, polarization of society, the end of the free market, unrest.
Read 8 tweets
Jeff Booth ⚡️ Profile picture
Feb 16, 2021
1) Serious question @BillGates.

How is possible to solve climate change from an economic system that REQUIRES inflation?
2) Instead of embracing the exponential technological gains that naturally bring deflation and broader based abundance, monetary policy (globally) is fighting it - keeping society on a treadmill of ever higher prices and needing more consumption and more production....forever.
3) The real "inconvenient truth" @algore is that climate cannot be solved from within a system that requires perpetual growth. (and will manipulate money to get it)
Read 8 tweets

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