#bitcoin. Co-Lead Plebucator at https://t.co/jZSNXyro4b @LookingGlassEDU Teaching wage-earners how Bitcoin can change their world.
Mar 26, 2023 • 15 tweets • 3 min read
Here's a list of books I recently listed on a FB group that I've read related to finance, investing, trading and Bitcoin.
It's not an all exhaustive list but thought some of you might like to scroll through. Plus a bit of story…..
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I am trying to set up a local meetup and inviting some local business owners and members of the public.
The amount of hostility in these circles is gobsmacking.
Mar 25, 2023 • 9 tweets • 2 min read
Technology is economically disruptive.
It is hugely deflationary and will continue to erode base level employment.
Robots trend the manufacturing industry toward zero.
AI will trend the service and tech industry toward zero.
Bitcoin will trend the financial services industry toward zero.
How can we expect this much deflationary disruption to operate within an inflationary monetary system?
Feb 17, 2022 • 8 tweets • 4 min read
What's happening over in Canada at the moment is quite alarming.
It's called a bank-run.
One of the last notably major bank-runs was in Cyprus in 2013 when the bank bail-in laws were put into play and the banks started seizing people's savings.
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People rush to the banks and ATM's to withdraw their savings.... the problem is......the banks don't have enough money.
The problem lies with fractional reserve banking. Banks need only keep a small % of deposits, meaning they create more money out of thin air, creating credit.
Aug 23, 2021 • 7 tweets • 2 min read
I was asked by some friends recently why I thought bitcoin was the only undervalued asset left. The answer while long and complex can be broken down by understanding the fundamentals behind how everything is valued. That is from the treasury bond market and the risk free rate 1/
of return. The RFRoR is the main input by which every asset is compared, as this number trends toward 0, asset price valuations trend towards infinity by comparison. I’ve written 2 articles to introduce this concept. The first is on how bonds work and how they are priced. 2/
Jul 31, 2021 • 11 tweets • 3 min read
We are in a massive credit bubble. If they allow it to pop we will experience the greatest depression in history. They can’t tax their way out of this mess without riots in the streets. They can use a global pandemic to engineer inflation to inflate away the…
debt away. Lockdowns, shutting down business and manufacturing. Funnel distribution and purchases into a few channels (the large corporates), cutting supply lines. This concentration of demand coupled with reduction in supplies leads to higher prices…..2/
People rush to the banks and ATM's to withdraw their savings.... the problem is......the banks don't have enough money.