Here is the most painful piece I have ever written: "Sovereignism Part 8: Everywhere and Nowhere" exploring market dynamics, the nature of fiat, #Bitcoin, and the mass-psychosis of totalitarianism.
Quick thread of a few excerpts from this written work⬇️
"Humans not only trade goods, and the ideas on which they are based, but they also imitate one another’s actions in waves of mimetic exchange—imitative patterns of action directly responsible for the development and propagation of ritual, culture, and social institutions."
"As covered previously in this series, political statism is a mass-psychosis premised on the profitability of property violation. This psychotic mode of human organization—a watered-down version of outright slavery—is dependent on a general ignorance and passivity among people."
"The end result for every state across history is mass-suffering, collapse, or defeat in war. Statism has always been a self-defeating enterprise, because it is based on the falsehood of fiat: an assertion about reality made in an attempt to override reality."
"A mass-cerebral aneurysm, totalitarianism is the inevitable end game of statism. The reason is fairly straightforward: the initial act of coercion, no matter where it originates, must mimetically propagate and become magnified in the market process."
"As a coercion-based business strategy, statism strives to grow tax revenues until there is total submission to state power. In its final form, statism becomes the de facto super-dominant social institution, giving way to the most dangerous mass-psychosis of all—totalitarianism."
No pain, no gain. I hope this resonates as the topic is quite relevant to the madness we see unfolding worldwide today. Knowledge is power, and with great power comes great responsibility. Individuals taking responsibility for themselves and their actions is the path to healing.
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@jeffreyatucker is a brilliant thinker, writer, and speaker—his message is of preeminent importance amid the declining conditions of liberty worldwide. This sub-1 hour conversation is well-worth your time, and is good to share with loved ones who may be feeling lost...
In celebration of November 21st, The @WhatisMoneyShow is releasing the Pysh Series (6 episodes total) all at once, today. In The Pysh Series, @PrestonPysh and I explore two books:
In 1900, Nikola Tesla envisaged "a principled machine" as the end of war. Today, that machine is #Bitcoin
“...a machine embodying a higher principle, which will enable it to perform its duties as though it had intelligence, experience, judgement, a mind!”
The difficulty adjustment of #Bitcoin makes it the world’s first “intelligent” money: it forever shifts the game of property into digital space, and makes the battle of establishing consensus on ownership “a mere spectacle, a play, a contest without loss of blood.”
Above quotes from "The Problem of Increasing Human Energy" by Nikola Tesla, available here:
CLAIM: “Namely, that our inevitable flaws, including our lack of perfect foresight, require guardrails to reduce the risk of unintended consequences, like, for example, speculation in “low-risk” mortgages that drove a global financial crisis.”
Contrary to the popular misconception, the 2008 great financial crisis was driven by the eurodollar system (cc: @JeffSnider_AIP), a consequence of central banking.
Private property rights can equally be called private property responsibilities. A proprietor is incentivized to take responsibility for the assets he owns to maximize the usefulness and longevity of the rights they bestow upon him.
"Give a man the secure possession of a bleak rock and watch him turn it into a garden.
Give a man a 9-year lease on a garden and watch him convert it into a desert.
The magic of property turns sand into gold."
Fiat currency inflation is a violation of private property—the arbitrary movement of wealth from one set of hands to another.
Inflation is a legally enforced injustice; it disincentivizes prudence and triggers a widespread abdication of responsibility among market actors.