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Found This Gem
Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed
Raw Bank of Scotland
Bitcoin Army
What he is saying is only the truth
It seems every five weeks someone rediscovers Godfrey’s speech. Its pretty much the only thing he’s ever said which I happen to agree with so fair enough I guess.
Truer words have never been spoken.
Yep, definitely a gem. No elected representatives in the US will admit the same.
Genuine question from a bitcoin maxi.. If there was no fractional reserve, then surely the interest rate on getting a mortgage would be substantial, with enormous arrangement fees too?
Ron Paul has been saying this for decades.
People going to prison for doing the same thing which controlled actors on a regulated market are doing under limited circumstances is a pretty weak argument against the legitimacy of it though. It’s a lazy argument which is nothing but preaching to the choir.
Imagine someone saying the same thing about performing certain surgeries and critiquing hospitals for performing them when ordinary people would end up in jail. Most people would think that’s a silly thing to say because they consider it evident why hospitals can do them but not us normal people.
That’s pretty much what’s happening here. Most people will completely miss his point because they consider it evident why a central bank can print money but not us normal people.
Attack the arguments laid out to defend the actions’ legitimacy instead. That’s how you’ll make people think for themselves and allow them the possibility of comparing the arguments to reach their own conclusions.
Yeah, and if/when crypto because a major currency, they’ll fractionalize that too. This is my biggest criticism of with crypto is the claim that is solved problems of MMT when really developers are moving and breakneck speeds to try and replicate them. NFTs will be the death all things good about crypto.
Honestly, this short video clip needs to be put on repeat for all to see. Why Bitcoin matters. It breaks the cycle of human corruption and influence of a few over the many.
Bitcoin is the path to actually take to fight back and win our freedom that was never available to us before. We were always at the whims of the next rulers that were corrupt or would become corrupt.
That no longer has to be true.
Clip from 2013…10 yrs later. Nothings changed.
Once you understand that the number you see in your account are not actual dollars but a PROMISE of dollars instead, then you start to understand why the banks are NOT “lending money they don’t have” (they are just creating promises, or in other words, emitting debt against their balance, which is okay).
Nothing came after this mic drop though, right?
Love every word
Did this guy just learn about debt? Our society runs on debt. In our society debt = trust, without trust everything crumbles.
Mmt is a scourge
Peach🙏
based af
Sadly Bitcoin doesn’t prevent the “fractional reserve banking” part. It encourages it even – better than the dollar because there are no bailouts, but increasing the money supply nonetheless.
Here is a [primer](https://en.bitcoin.it/wiki/Fractional_Reserve_Banking_and_Bitcoin).
This isn’t really all that Bitcoin related. Not sure why the mods allowed this, but yet when I post stuff about inflation and government theft…it gets taken down due to “off topic”.
Just, weird mods on here.
This is so depressing but I just know it’s true.
I’m thinking this gentleman is now probably 6 feet deep.
did you find it on this subreddit the last time it was posted?
Just print more money.
🤔 yall know they know we know right? … here’s how its goes, print $, give $ to select few, $ buys crypto/gold/land/stuff n things. Rinse repeat, control the markets. Congratulations you have passed “global whale games 101”
Why do people not like fractional reserve banking? I don’t think those banks would be broke because loans given out are assets on the banks books. Customers sign a contract, the bank will get their money back one way or another.
It’s the reason why I only hold bitcoin gold and cash at hand.
Banks can go 🖕 themselves.
Thanks. My IQ dropped 4 points by accidentally watching this!
Everyone who read Sapiens book knows in US banks can lend out $10 for every $1 they have. Read more book.
It’s a very good point.
Central bank counterfeits to stimulate the economy but we can’t counterfeit to stimulator my bank accounts when we are low.
Interestingly he said the problem is politics and who are the ones making up politics PEOPLE, so in other words, don’t trust verify!
Don’t forget that guy was UKIP and is the only person along with farage that spoke up, agree with their politics or not they speak a lot of truth
Will they take our mortgaged houses from us to pay off thier debts in thier bankruptcy situations?
Probably time we should put the banks and governments in prison. Do we have a prison large enough to hold them all?
This is so classic
This makes me lose my absolute mind