On Bureaucracy & Centralized Power

On January 20, 1942, Nazi officials held a conference at a villa near Berlin to figure out how to solve “the Jewish problem” & determine how to make German territory free of Jews, including Poland, Latvia, Estonia, Czechoslovakia & France.

1/5 The conference is portrayed in the film Conspiracy starring Keneth Branagh.

The film script uses a real transcript from the actual meeting.

In both the transcript and film you can see how the Nazi bureaucrats calmly, cooly calculated methods to exterminate people.

2/5

Here’s a test for your self custody:

Tell your next of kin to retrieve your coins as if you had died. They are only allowed to use the info they have now. No new note or instructions allowed- if you died today they wouldn’t have those instructions either.
See how the test works. Self custody test #2: Put your phone down and pretend that it, your PC and every single thing in your home / office is destroyed. Now retrieve your coins. Remember - no use of your phone or anything from your home - no paper, notes, nothing.

If you stood by under this tyranny and didn’t fight, then you aren’t fit for office.

If you don’t fight this, when would you fight?

Support of vax mandates, lockdowns and masks is an absolute disqualification for public office.

#NHPolitics

We are not going to forget or let this one slide.
Fauci, Biden, Hassan & every democrat and rubber stamp Republican who voted for this or who stood by and didn’t fight this tyranny must be held accountable.

Get involved. History is happening. We must take our country back.

CBDCs are EXTREMELY dangerous. CBDCs would mean the absolute end of freedom in any place implemented. They must be fought fiercely.
Do NOT underestimate the destructive power of rulers being able to shut down the ability of citizens to transact & conduct commerce. It’s game over. Central Bank Digital Currencies are actually evil. That word is not used lightly in this context. There are massive evils caused by fiat. Millions dead and imprisoned globally. Fiat is evil but CBDCs add the additional & far more dangerous feature of the ability to freeze money.

I’ve dealt with high net worth & ultra high net worth people for my whole career.

It would surprise a lot of people to know just how hard things are logistically even when someone has vast wealth.
I hear many normal middle class people say “Oh if I was rich I’d do XYZ” but …
1/ 2/ in reality, logistics are still tricky and ironically the world has been built for normal people, with only rare specialized products built for the ultra rich.
Buying multiple houses & staff is a huge mental undertaking

You can’t simply pay someone else to do the logistics…

Curious what’s going on in Afghanistan?

Well basically we supported the enemy of our enemy who became our friend then our enemy then friend then our enemy again.

It’s been a decades long misadventure with massive cost in life and treasure.

👇👇👇 Afghanistan was peaceful and beautiful in the 50-70s. It had such potential.

Then the Soviet Union invaded.

Having fought a long hard war against superior fighting force and seeing friends & loved ones die, the founders set out to clearly limit the powers of governmen in our society and avoid tyranny. That’s the Bill of Rights.
There is no “unless Fauci or the CDC...” in this document. The reason for that is simple. If you make exceptions to freedom then the exceptions become the rule and we have tyranny.
If you make a system that can be gamed where a politician can take over or simply co-opt a scientist to have vast powers then we have tyranny. Unworkable.

I was terrified in February 2020. I saw the viral videos of people dropping dead in the streets, the massive China quarantines, I tracked the cases: Italy, the cruise ship, the plane, the Seattle nursing home. We faced an unknown risk with massive potential downside. 👇👇👇 By March 17, 2020 it seemed possible this virus would ravage our world. I thought people who went out on St. Patrick’s Day were insane: risking their lives and others. We saw the dire warning of Italy.
We were always “2 weeks” away from disaster.

I sounded the alarm like a fool:

https://twitter.com/brucefenton/status/1236089608464732160

The official White House account posted a video of Fauci & Olivia Rodrigo, an 18 year old singer/ actress reading “fan” tweets.

One commenter says he hope Fauci is proud of him, another gave the vaccine as a “birthday present”.

The White House uses the hashtag #ManCrushMonday Here’s the video link

DTCC is in the news

DTCC is the centralized trusted 3rd party who runs the ledger for public US stocks.
The ledger is built on antique systems & is complex. It’s comprised of thousands of members who don’t trust each other. The 3rd party is a bottleneck & full of flaws.

👇👇👇 The system is complex with many parties who need to interact with the ledgers —

due to regulations like Dodd Frank & antiquated systems, it still takes *days* for securities to transfer between firms

https://twitter.com/brucefenton/status/998279155337891840

#Bitcoin as global money will change securities - There’s no way securities ledgers will exist in their current old school form - securities will exist but transform

Securities include all stocks, bonds, PE, VC, startups, public companies, small businesses, most real estate... The current system for how securities move around is antiquated — Due to the need for multiple competing partial ledgers from brokers & clearing firms, the system relies on trusted third parties such as DTCC in the US
This can be replaced by a distributed ledger & be improved

As recently as the early 90s, investors had little idea what their portfolios were worth on a daily basis. Stock quotes were published in newspapers. Only professionals had real time stock quotes. To learn your account balance, you had to call your broker or wait for a statement. Statements came out quarterly in most cases. Monthly statements were uncommon - and remember, this was all by physical mail.
Day trading was far more rare than today.
This created more long term thinking for many investors.
Wise investors had a plan and would stick to it.

Definition of a security in the US based on the 1933 Act:

any note,
stock,
treasury stock,
security future,
security-based swap,
bond,
debenture,
evidence of indebtedness,
certificate of interest or participation in any profit-sharing agreement,
collateral-trust certificate,

1/ 2/

preorganization certificate or subscription,
transferable share,
investment contract, (⬅️⬅️⬅️ that’s a big one)
voting-trust certificate,
certificate of deposit for a security,
fractional undivided interest in oil, gas, or other mineral rights,
any put,
call,straddle,
option,

Some don’t know:

Muslims believe in Jesus.
In Islam, Jesus Christ is considered a prophet who’s name is followed by “Peace be upon him”. Jesus is in more verses of the Koran than anyone other than the Prophet Mohammed. Muslims also believe Jesus was born of the Virgin Mary

1) 2) and that Jesus healed the sick. Many Muslims are named after Jesus and Mary.
Where Christianity and Islam differ most on this is that Christians believe Jesus was the son of God, died for our sins and was resurrected
many Muslims believe he was more of a spiritual son of God

I’ve only been out in the world less than 10 times in the last year. Worn a mask less than 10 times.
Went out yesterday.
People have gone nuts. The masks, the signs everywhere, restrictions; the general mood. Businesses closed everywhere. It’s an authoritarian hellscape. Totally nonsensical and non-scientific wackiness in the name of “science”. I heard you can get a massage or facial but you still have to wear a mask - that’s just pure nonsense. Wearing masks when jogging or walking alone is insanity.

YES DECENTRALIZED LEDGERS CAN FIX WALL STREET

Send your champions - I will debate anyone on this.

It’s a complex topic not well suited for tweets.

But yes, much of this is solved by DLTs.

Root issue is a bad ledger & trusted 3rd parties.

A database can’t fix this. A database is what we already have on Wall St and it’s a mess.

Understanding how to fix it first requires understanding how it works now (it’s counterintuitive). It’s a mistake to assume it’s an easy fix with “a database”.

1/ While the costs of public K-12 schools (average $16k / yr per student) is an astonishing ripoff to the taxpayer, it pales in comparison to higher education - a scam that has reached such epic proportions it may end up in history books. 2/ The College Board, US News & others publish various numbers but data averages from $20-35k for public in state schools to $35-45k+ for private colleges.

As with K-12 the spending is absurd.

A good chunk of this also comes from taxpayers.

usnews.com/education/best…

Khan Academy is free. MasterClass is $180 a year.

The Zoom classes your kid is taking costs taxpayers an average of $16,000 per student, per year. In California they spend over $20,000 per student for K-12 public school.

So a class of 20 students on Zoom costs the taxpayers over $400,000.