Thread by @otisa502

1/15 "You have to think of money as water; it always wants to flow downhill where the yields are higher. Money is trying to go to the places where it does the most good. You have to think of the banks and the financial system we have today as like this dam

2/15 “that the financial system built that’s holding the money where they want it, because that’s where they can extract enough value out of it. So if you just crack the dam, or if you just allow the water to go around the dam, it will all flow up to the other place.

3/15 “I totally agree #Bitcoin is open-source money, we call it MoIP, or money over IP, just like VoIP is another form of free communication that, again, bypasses the dam that the phone companies created to hold back communications and charge us as a toll collector huge

4/15 “amounts of money to just talk to each other, and the internet said no, we don’t need them, we are just going to go around them and use different rails to get there. Money is the same way. Money over IP allows you to earn this amazing yield; you can grab it, convert

5/15 “it into digital form, put it on DeFi and suddenly you’re earning — @CelsiusNetwork pays 100 times more than JPMorgan, 100 times more. Our digital currency is backed by US Treasuries, meaning when you give us your dollars, first a trust company buys

6/15 “US Treasuries with it, then gives us the digital representation and we earn yield on it, bypassing this dam. Who will win? I have no doubt who is going to win. JPMorgan is going to wake up one day and realize that their dam doesn’t have any water in it; all the

7/15 “water went around it. Where do they get all their money? That’s the piece that most people miss. Most people think that the bank is a very rich institution. Banks trade at the lowest multiple on Wall Street. Apple — or you name a tech company — is trading 3 or 4 times

8/15 “the multiple of banks. Why is that? Because every quarter they have to distribute all their profits to their shareholders as either dividends or stock buybacks. And they get all that money from all of us; all of us work really hard, take our money and give it to

9/15 “the bank for free and expect nothing in return. That’s why #BanksAreNotYourFriends. All you have to do is allow the water to flow around that dam and ignore the dam. No one gave JPMorgan exclusivity on yield creation or money management or anything else.

10/15 “So if there’s another institution that does 100 times better, then the only person you can blame — and I’m talking to the viewers obviously, not to you — is yourself. It’s like an abusive marriage where one side just beats up the other side and the other side

11/15 “just keeps coming back and saying OK, beat me up again, no problem. That’s what we do every time we make a deposit in a bank: They charge us to deposit, they charge us to have an account, they charge us an ATM fee to withdraw it. They charge us an inactivity fee.

12/15 “I already gave you my money; how can you charge me for the fact that I gave you my money? It is ludicrous, the fees that these people created. Wells Fargo created fake bank accounts, three million fake bank accounts, they got fined billions of dollars for

13/15 “that because they got caught, fake bank accounts for people so they could charge them another $20 a month for the fake bank accounts they created for them. The lunacy to which people — and no one went to jail, not a single person went to jail for any of this.

14/15 “That just tells you that the system is just crazy, when people do that kind of stuff, just so they can pay themselves a higher bonus. All I’m saying is the freedom is there, the opportunity is there, the capabilities of money is going to earn that yield; you just got to

15/15 “let it flow around all these artificial barriers, the toll collectors in the financial system, who are holding us back.” — Alex Mashinsky, Oct 20, 2020 FMTV Interview

Buy #Bitcoin & defund the banks. 107 years of debt slavery is enough, since the 1913 Federal Reserve Act.

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