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Stephan Rinbaum's avatar

"..possibly involving Bitcoin as a strategic reserve and dollar stablecoins, with the aim of reducing inequality both within and between countries"

I have heard this "barnum statement" many times over. "Reducing inequality" inevitably ends up meaning reducing the means of the middle class, pushing them toward the impoverished class, while the highest "decile" (actually more like the highest 0.01%) increase their share of the world's wealth even more. "Trickle down" doesn't work.

Governments should have no "strategic reserves" of anything, with the possible exception of seeds or potable water which would be distributed at no cost to those who need it in an emergency. Things like a "gold reserve", "bitcoin reserve", et cetera literally means taking wealth out of the system and keeping it in the hands of the ruling class- who will then borrow against it and leave the debt to be paid by.....c'mon you know...the proles. "Reserves" aren't for the benefit of the governed. They are instead additional insurance for the ruling class to ensure that the proles never approach them in terms of wealth.

Mary's avatar

This might be on of my favorite guests so far. He is tied with Mees Baaijen. It is so helpful to hear a more optimistic point of view. Michael is a good person to follow especially when you start feeling too overwhelmed with all of the chaos coming out of DC. Thank you so much!

Pony Wisdom's avatar

En passant, the statement is made in this podcast that if the US stands alone to defend free speech, that will be "difficult." Difficult, yes; impossible, no.

In 1776, the US stood alone to defend the principle of a Constitutional republic, surrounded by autocratic monarchies. Yet how many countries have followed its lead?

In 1791, the US stood alone to introduce a fundamental Bill of Rights. How many countries have followed suit? The US needs to lead the global defense of free speech and will prevail.

DawnieR's avatar

Another one......using the word, 'ANARCHY' incorrectly!

ANARCHY does NOT mean: go crazy and break/destroy shit; chaos; lawlessness.

The correct definition of ANARCHY: NO MASTERS/NO RULERS/NO SLAVES

Swinking's avatar

Comment for your guest: Musk is far from a free speech posts. He just isn't. I was banned from X for my first ever tweet in which I gently critisisd X's censorship policy "...speech not ...reach.". Many, many others are also banned & some banned under Twitter have not been reinstated.

ultradarkmaga's avatar

so HOW ARE THE JEWS GOING TO PULL TOGETHER THE CHAOS THEY HAVE CREATED? sounds like its all going to fall apart with great violence which thru intense conflict will be resolved but probably not in a planned way

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Sep 2
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No One Knows's avatar

we learn from the book PLOT AGAINST THE CHURCH that jews have infiltrated the catholic church many times as today... its their nature as children of satan as said in John 8 and just the fact that yahwehis such a psycopath trying to destroy all gods except himself. ALSO FREEMASONRY AS THE SYMBOLS CLEARLY SHOW IS OF JEWISH ORIGINS https://rumble.com/v6y50kk-freemasonry-and-jewish-mysticism-the-true-origins.html?e9s=src_v1_eh_cs# OTHER SECRET SOCIEITES WERE INFILTRATED BY JEWISH KABBALISTS, ILLUMINISTS FOUNDED IN JUDAISM AND OF COURSE THE FUNDING BY ROTHSCHILDS AND PROBABLY OTER JEWISH BANKERS

Bob, the Free Radical's avatar

Space

the final frontier

that is of course

the SPACE between human ears . . . . .