I’ve got lots of fun stuff for your Monday morning!
In 2017, Andreas Antonopoulos released a great 26 minute talk entitled, “Fake News, Fake Money.” Its self-description:
In this talk, Andreas examines the sensationalist debate over "fake news," the rising tide of faith-based nation states declaring bitcoin as "fake money," and alternative mechanisms we can build to fill the void left by retired fact-checking departments & central bank authorities.
It was predictive. Every day it gets easier to understand how we’ve arrived in a world where everything is phony, because it was all a result of fake money. When you don’t have real money, you don’t have real markets, and when you don’t have real markets you can’t find truth.
Everything is collapsing and it’s glorious.
Let’s mix up the order a bit.
First up:
Fake Terrorists. The terrifying domestic terrorists are at it in Canada again (see 45 second video above).
Second:
Fake news (Hunter Biden laptop/Kim DotCom edition).
Third:
Fake money.
But perhaps not just fiat. This could prove to get quite interesting. Shades of Gamestop?
The Monero enthusiasts are planning on withdrawing Monero, buying more Monero, and trading shitcoins for Monero to squeeze the potentially fraudulent exchanges.
This could have serious consequences. Will people rush to withdraw their other cryptos into self-custody wallets? This could help us to find out what’s real and what isn’t. The currency wars are here!
I’m throwing this one in just for fun:
Finally:
Fake medicine. Stuff that kills rather than saves people? We all know what that is now, but there are more and more articles every day. Here’s a new one on the millenial deaths.
At the intersection of fake news and fake medicine is also this:
As for real medicine, just got some good news:
Common Sense has a fairly good article entitled American Seriousness about determining what’s real vs. fake. But don’t expect funding of real medicine, as you can’t centralize, control, or monopolize it without IP and licensing laws.
Actually, in a truly free market, real medicine doesn’t need much funding and what it does need could happen privately from genuine philanthropists instead of the psychopaths posing as such. It can often even fund itself, because consumers want stuff that works, just like any other product.
If the consumers and producers are not stopped by the original Karens, that is. (“We need the FDA to protect us from snake oil!”):
Which, over 75-100 years, leads to this:
So, how do you tell when something is real?
See AA’s lecture for a great primer. A solid and enjoyable intellectual rant about why we are at this juncture in 2022 but it’s been building for decades: trusted third parties have stopped delivering on their promises. That’s why trust is gone.
We are responsible for verifying what’s real. And markets find truth.
Oh! For the believers, here are a couple of fun ones for Easter Monday. Apparently, lockdowns don’t work:
Yes, lots of good stuff! Thanks, Monica. TPTB are in their death-throes, so good to laugh as we witness the end of the old world.
100%! I LOVE THIS TIMELINE!
RE: Monero bank run
Super fascinating considering how hard it is to actually coordinate such an activity.
I hope if nothing else it helps people be more aware of how to properly use their digital assets.
User fees for drug companies to file for approval of drugs should go into general revenue, not FDAs budget.
Congress should pay 100 percent of FDAs budget
I am CPA... we have ethic rules to prevent conflict of interest.
FDA arrangement is not doing this. To say the least.
It's quite insane. CDC getting royalties of these drugs? Really? Did satan write these rules?
“I am CPA... we have ethic rules to prevent conflict of interest.”
What good are ethics rules and accounting when the government authorizes the printing of trillions out of thin air, John?
The fraud happens in finance too, just a matter of who can get away with it and who cannot.
The problem with the idea of central authorities checking stuff is that the people most qualified to do so are industry specialists themselves. Bureaucrat types do not have the expertise. This naturally leads to a revolving door.
The only solution I can see is decentralization of the regulators, and the only way that can happen is through a free market where regulators compete and go out of business if they do a shitty job.
In finance, we have 100 cryptocurrencies competing and we will find out what works and what doesn’t.
Karen "there oughtta be a law" types don’t like these free markets because the process of finding truth doesn’t happen instantly, and it can be messy. People get hurt in the process.
Most people want safety and the illusion of it will suffice. Thinking for themselves is too much effort.
The guardrails should have been removed decades ago.
Dr. Hughes, scandals of fraud and greed totally unchecked....
Savings and loans
Federal contracts
Federal spending etc...
Some Federal programs actually do horrible harm and I think designed that way...
AFDC, TANF... welfare...
Women are paid $ IF the father of their children is out of the home....
I think this was crafted by people who hated the family
Dr. Hughes, the Federal Reserve is an absolutely insane idea... they are called quasi gvt... but really they are separate.
I personally think it 8s run by NWO.
Pres. Jackson tried to change national Bank, so did JFK. One was almost assassinated. Other, was.
We are under nwo, but I think these articles are combating this.
Great work.
Subsidarity... absolute antidote to globalist monsters. On everything.
Finances, government, health care!!!
On and on
Can I just say that Andreas has turned me into a bitcoin maxi and I’m here for it. :)
But, yeah, the reality wars have begun and I know who I’m rooting for.
Fake experts, fake foods and fake orgasm!
Has anyone heard this?
The FDA doesn’t test drugs or anything for safety, they only license for interstate distribution.
I read it once. Never saw that again. But that sure makes sense.
They do not care about health or safety. Only money and power.
My suspicion about how this will turn out is that it will be the exchanges that are disgraced, not the crypto. But we'll see.
What if an enormous tranche of gold is found somewhere on earth or maybe on the moon?
Sure I get it. :)
Also, I agree, and intelligent diversification is the principle I follow.
I am not sure how sound various forms of crypto are as money but it's more portable and it's probably easier for self-custody. I have found them convenient from time to time, and I find Antonopoulos' metaphor of the sinking ship and volatile lifeboats to be a good one.
One of the problems with physical hard money is that people don't want to be responsible for protecting it. So they farm that out to a third party. Then the third parties get coopted by raiders of one sort or another, the worst of which is government. LOL
People need to get their "coins" off the exchanges.