“In no period of human history, has paper money spontaneously emerged on the free market. The only sure way to bring paper notes into circulation was to impose them on the citizenry. Historically, private coinage came first and only later did governments take over. It carries the risk of total and permanent value annihilation. In a truly free market, paper could not withstand the competition of commodity monies. The more farsighted and prudent market participants would get rid of their paper money first, and the others would follow in due course Inflation is that part of the money supply that comes into being because of the invasion of private property rights. As in the case of debasement, banknotes have been falsified both by ordinary criminals and by the “guardians” themselves, as in 1781 when the Bank of Amsterdam started counterfeiting its own banknotes. Economic science has put us in a position to understand that competitive coinage is an even better way of preserving the trustworthiness of coins. There is no economic reason not to allow every private citizen to enter the minting business and to offer his own coins. As long as the citizens are free to produce and use the best money available, sound money prevails, whereas debased money and fractional reserves lead a fringe existence". - J.G.Hülsmann #Bitcoin > #CounterfeitMoney image
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The only virus we need to worry about is the deadly outbreak of Marxism now plaguing the land. The only injections we need to fight it are free markets and free speech.
The #Euro🇪🇺 fiatshitcoin has now lost over 40% of its buying power since creation in 2000, and the debasement is accelerating. The @ecb is a criminal cartel. No matter how harder you swim, they constantly pull you back in place. They control the money supply, counterfeiting new currency at an alarming rate to feed their own self-interests. They make it hard for people to retain the fruits of their labor, silently stealing their savings. The @ecb is a parasite on European economies. Unelected vampires, sucking the lifeblood out of the productive - and they're not going to stop until they're defunded. They need to be stopped. But how do you stop a criminal cartel? It's not easy. They're powerful, and have a lot of resources. But we can't give up. We need to save in something they can't steal anymore, that is how we will slowly starve them. We have to fight for our future, and we have to win. #Bitcoin is the only solution I see at this point. Everything else has failed. Including "democracy". image
Scarcity is an unavoidable fact of physical reality, nothing physical can be provided for free, to claim otherwise is to deny reality and endorse slavery. If socialists understood physical reality, they would not be socialists (i.e. support a system that relies on compulsory theft of other people's labor and time.) image
The First Amendment was not written for easy speech. It was written for the speech that nobody likes you for, bitch! image
Most Eurozone politicians currently in office should be tarred and feathered. The old form of protest dating back to the days of the Crusades and King Richard the Lionhearted could definitely use a comeback. image
Pay in cash every time you know it will make a difference. Defunding the money spigot cantillionaire parasites that have been robbing us is a moral duty. The current fiat big-government Ponzinomics will collapse faster as their funding from extortion slows down.