How Reserve Currencies Have Changed Over 120 Years
Currencies that sovereign nations hold on their balance sheets are considered reserve currencies. They change over time, nothing lasts forever. I find irony in that if #Bitcoin wins as the reserve currency, the nations themselves become obsolete. ~ Willy Woo
MOVIE How Reserve Currencies Have Changed Over 120 Years
Nations become obsolete because we will be in the age of the Internet. Money becomes borderless, borders become porous. The digital workers work from anywhere, choosing where to pay their taxes. The two ways to fund a nation, taxation and money printing. . . gone.
If you think this is far fetched, when was the last time you saw a kingdom with a ruling king and a feudal system? That went away with the last technological revolution. Democratization of firearms and industrial wealth made the old structure obsolete.
We think of taxation as something a government does to its people and businesses. In the age of fiat, a reserve currency creates a taxation path to tax other sovereign nations via monetary inflation.
#Bitcoin as a sovereign reserve asset is tax free.
If your investments are not growing at more than 40% per year, then the FED stole money from you.
Crypto is really about the Cantillion Effect
The Fiat Standard: The Fed owns the Cantillion Effect (the rich get richer)
The Bitcoin Standard: The people own the Cantillion Effect (the early adopter gets richer)
Maximalism: Shitcoins are a scam to seize the Cantillion Effect
Anthony Scaramucci @Scaramucci Dec 1
Announcing new policy: when I get asked for money from political candidates, my first question is: “what’s your position on Bitcoin.” And then my second question is: “what’s your position on Bitcoin.” The mid-terms are coming. Let’s support FOBs (Friends of #Bitcoin)
Why does everything feel like the world is falling apart, yet the stock market has looked like this since 2009? Well, here’s a thread w/ some interesting charts that will help you understand: what you see is NOT what you get.