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Saifedean Ammous Profile picture
Saifedean Ammous
@saifedean
Author of The Bitcoin Standard, out in 38 languages, The Fiat Standard & Principles of Economics! Teaching Economics courses on https://t.co/srXwWrDOPt!
85 subscribers
Oct 27, 2023 • 43 tweets • 11 min read
Israel is too PR savvy to just kill 2 million Gazans. Instead, they're systematically destroying all essential infrastructure to create a humanitarian crisis where disease & starvation will kill many of them & force neighboring countries to take the rest as refugees
#GazaGenocide It will only take a few terror attacks or false flags from the West Bank to do the same thing to the 3m Palestinians there. This has been Zionism from day 1: PR-optimized ethnic cleansing to acquire as much land as possible with as few Arabs as possible.
Oct 14, 2023 • 5 tweets • 2 min read
When was the last time you found yourself supporting the complete destruction of the lives of 2.2 million people because you've been manipulated into believing in collective guilt like a criminal moron?

"Gaza will eventually turn into a city of tents. There will be no buildings" You have to be a complete retard if you think the systematic destruction of Gaza is about targeting Hamas, which this Israeli government has worked hard to support over the years. This is just Israel's national sport: ethnic cleansing
Sep 3, 2023 • 8 tweets • 3 min read
This serves as an excellent introduction to one of the most interesting and original recent works in political philosophy: Prince Hans-Adam of Liechtenstein's The State in the Third Millennium. Image Prince Hans-Adam proposes self-determination & the right of secession as the basis for political organization, as opposed to the fiction of popular managerial oversight over government.

The former is how Apple works; the latter is how democracies fail
amazon.com/State-Third-Mi…
Aug 8, 2023 • 9 tweets • 2 min read
Bitcoin fixes renewables by bankrupting all fiat governments that subsidize electricity from intermittent sources, forcing TV-watching virtue-signallers to come to terms with thermodynamic reality: a choice of hydrocarbons vs cold, darkness, poverty, primitiveness, & early death Wind & solar are unpredictable & intermittent, so no sane engineer would ever connect them to an electric grid, whose entire point is to provide reliable power regardless of weather. Only fiat makes this insanity possible.
Apr 25, 2023 • 6 tweets • 3 min read
There is no inflation if you accept you are poorer!

#TheFiatStandard
"British households and businesses “need to accept” they are poorer and stop seeking pay increases and pushing prices higher, the Bank of England’s chief economist, Huw Pill, has said."
theguardian.com/business/2023/… See #TheFiatStandard hashtag for countless stories leading to the BoE's conclusion that you can fix inflation by learning to have fun staying poor

Mar 28, 2023 • 8 tweets • 2 min read
Fractional reserve banking would not survive in a real free market. It currently only exists because the Fed is a cartel with a monopoly on banking & currency, which effectively taxes full reserve banks to subsidize fractional reserve banking scams. Currently, the fiat cartel rejects applications of any banks that want to offer full reserve banking, because if they did not, then the slightest problem in the banking system would result in a run on all fractional reserve banks to the full reserve banks
Mar 25, 2023 • 4 tweets • 2 min read
Promoters of the fractional reserve banking scam insist it's the inherent & inevitable form of banking. They fail to see how the fiat cartel makes it illegal for anyone to build a bank that's not fractionally reserved to protect their cartel from competition from solvent banks "The free market chooses fractional reserve banking" takes the form of a private cartel with government monopoly protection telling honest bankers they would go to jail if they open a solvent bank that doesn't engage in counterfeiting.

Mar 22, 2023 • 7 tweets • 4 min read
I feel dirty sounding bearish on bitcoin, but I do not think bitcoin will hit $1m in 90 days & and I do not think the dollar can possibly hyperinflate this quickly.

My reasoning follows 1- Even if @balajis is right on the extent of the banking crisis, a banking crisis is deflationary. When a bank goes bankrupt, the money supply is reduced. If ~all banks go bankrupt, then a majority of the money supply is destroyed & that would make hyperinflation less likely,… twitter.com/i/web/status/1…
Mar 20, 2023 • 4 tweets • 1 min read
If a bridge collapses, do you blame the pedestrians for not having enough confidence in the bridge? What about a bank collapsing?

The only reason you could think banks are different is that you consume bank propaganda universities, TV, and newspapers. All of the world's humans could decide to panic about a solvent bank & all its clients could ask to withdraw all their funds, and the bank would be able to stay solvent and satisfy all claims because of one simple trick: don't promise to hold the same thing to two people.
Mar 19, 2023 • 4 tweets • 2 min read
It's been more than a century of fiat people getting bamboozled into believing that central banks destroying their currency to bail out banks is not theft but a necessity for the functioning of a modern economy. These fiat people actually go to university & read books & serious magazines to learn that if central banks didn't destroy money to enrich bankers we wouldn't have a functioning modern economy & we'd all be living in mud huts.
Mar 11, 2023 • 5 tweets • 3 min read
David thinks the purpose of the fiat banking cartel is to serve customers, when it's there to rob customers to the benefit of the cartel. That's why the Fed won't license a 100% reserve bank & will try to stop you in every way from trying to save your money away from them This bit from @thefiatstandard is relevant here. If the Fed simply licensed basic safe 100% reserve banking, it would destroy the fractional reserve banking model of the fiat cartel.
Mar 1, 2023 • 4 tweets • 1 min read
Psychiatry is a pseudoscience that pretends to be useful to humanity when all it does is enrich pharmaceutical companies. Read Thomas Szasz to find out why. At no point in its history did psychiatry ever produce a useful invention or make a scientific breakthrough in the true sense of the term, with replicable falsifiable conclusions. It simply pretended to be useful & scientific to drug the planet with profitable poison.
Feb 22, 2023 • 4 tweets • 2 min read
10 years ago, someone retired & their financial advisor recommended bonds as a safe haven asset for the long term.

$10,000 invested in the Treasury shitcoin then are now $10,877.60.

These are the kind of morons who tell you bitcoin is a scam🤣 Even by the completely garbage CPI metric, specifically designed to understate inflation, you lost 16% of your purchasing power in a decade by financing the US government in its endless rape & theft of the planet.

But tell me more about how Bitcoin is a scam🤣
Feb 21, 2023 • 4 tweets • 3 min read
Have you ever wondered how much of the moronic criminal garbage that is modern nutrition science is just big food & big pharma marketing talking points?

The latest podcast hosts @calleymeans to give us an insider's take on this very question! Image Calley spent many years working as a marketing consultant for big food, helping craft the marketing talking points branded as "science' to promote highly profitable poison to gullible TV & university consumers!

His is a very informative perspective!

Feb 14, 2023 • 4 tweets • 3 min read
Alex @Gladstein joins the latest podcast to discuss the misery industry: the global fiat-powered debt slavery scam run by the World Bank and IMF, claiming billions of victims.

saifedean.com/podcast/155-im… Thanks to fiat, IMF & World Bank always have money to lend to the worst borrowers: perpetually defaulting governments.

This has been catastrophic for the citizens of these countries who have to pay back the loans, but highly lucrative to the fiat cartel!
Feb 7, 2023 • 4 tweets • 3 min read
The latest Bitcoin Standard Podcast hosts historian Niall Ferguson @nfergus to discuss the history of fiat, its relation to war, its development over the past century, the gold standard, and the prospects for bitcoin!

saifedean.com/podcast/154-fi… Image Why did Britain join World War I, and was it a wise choice? How eager were the British to join war? We discuss Professor Ferguson's early work on this topic and more recent evidence on how Britain financed war!

Jan 17, 2023 • 4 tweets • 3 min read
What is ESG and why is it such a dangerous scam?

We host @VivekGRamaswamy, an entrepreneur in the healthcare and technology sectors and bestselling author who has made fighting ESG his mission!

saifedean.com/podcast/151-th… You might think ESG is just silly corporate virtue-signalling, but Vivek will explain to you in detail why you are very wrong and what its long-term economic, social, and political implications are.
Jan 10, 2023 • 6 tweets • 3 min read
The latest Bitcoin Standard podcast hosts @Sam_Apple1 to discuss his controversial and remarkable science history book:

Ravenous: Otto Warburg, the Nazis, and the Search for the Cancer-Diet Connection

saifedean.com/podcast/150-th… We discuss the compelling evidence for a connection between diet and cancer, the Warburg Effect, which states that cancer thrive on dietary glucose, and why Sam thinks it's not entirely accurate because it ignores the role of insulin resistance.
Jan 3, 2023 • 4 tweets • 3 min read
Is humanity running out of resources?

The latest podcast is a seminar with Professor
@gpooley, the coauthor of Superabundance, a fascinating and optimistic exploration of how economic progress has made life better for humanity.

saifedean.com/podcast/149-su… We discuss: why goods continue to become more abundant

Why fears of overpopulation and resource depletion continue to be refuted forcefully by reality

Why human time keeps getting more valuable

Dec 27, 2022 • 5 tweets • 3 min read
The latest podcast episode is the final lecture of The Fiat Standard online course just concluded, which looks closely at whether & how bitcoin can coexist with fiat!

saifedean.com/podcast/148-th… After having studied the bitcoin & fiat monetary systems extensively in The Bitcoin Standard & The Fiat Standard, this lecture analyzes how bitcoin can continue to rise in a fiat world. Can central banks adopt bitcoin? Will bitcoin lead to hyperinflation?
Dec 20, 2022 • 4 tweets • 3 min read
The latest podcast hosts @timevalueofbtc for an in-depth discussion of global bond markets.

Why did bonds have their worst year ever?

Why is Nik convinced a recession is looming?

saifedean.com/podcast/147-bo… How does Nik see the bond market developing in the medium and long term? Will bonds recover and yields fall? Will we see negative bond yields?