0 sats \ 4 replies \ @Solomonsatoshi 28 Oct \ parent \ on: US Treasury sign falls off podium when Yellen asked if concerned about dollar bitcoin
Fiat is a cancer- you do not understand fiat- it is a very powerful monetary lever- yes it has been abused at least since 1971 but the Chinese use it in the way it can deliver incredible economic growth- by channeling it into the building of productive assets and infrastructure- and before you raise the Evergrande/Chinese housing boom bust look at the western banks that have taken a massive hit on that.
https://www.reuters.com/business/finance/bluebay-buyer-evergrande-debt-ashmore-ubs-exposed-morningstar-2021-09-27/
Communism is a double cancer- China is now not a Communist economy- it is a mixed economy- this is why the CCP in order to justify its continued role must deliver economic results not mere empty rhetoric like most western governments that are now mere puppets of the their corporate-banker sponsors.
statism is a cancer- no, humans are frail individually and have only come to dominate the planet via forming tribal grouping and exerting their will over resources and other groups- this is most highly expressed in nation states - go try living without the support of the nation state- go on the Alone program and see how long you last in the wilderness- I'm giving you 24 hours before you are begging for a big mac, a coke and a blanket.
bitcoin is freedom- yes! Bitcoin delivers freedom to the individual but at some expense to the nation state and its fiat monopoly- imo this is healthy given the abuse of fiat by western governments.
Bitcoin is uncontrollable- like gold and E.O. 6102?- the majority of Bitcoiners (perhaps not you and I) are hodling for the hope of fiat denominated speculative gain, not the freedom to make censorship resistant p2p payments- already how few hold unKYCed sats and use them for payments- the bankers and their client governments have already slyly shifted the narrative toward Bitcoin being almost exclusively used as a speculative commodity making it increasingly easy to both 'justify' and implement a ban on private custody.
No to fiat yes to Bitcoin- yes from an individuals perspective especially one critical of the misuse of fiat power by our governments this is a fair position- but does not remove the reality that Chinas CBDC Yuan is much better placed to supplant the USD for international trade payments than Bitcoin.
govs were going off the gold standard secretly during both world wars, fiat is a monetary lever yes, but governments have proven time and time again that they simply cannot be trused to not debase a currency.
they did it thousands of years ago by diluting the currency and, funnily enough, China was the first country to ever use paper money 1500 years ago and inevitably printed far too much and decimated society.
the whole 'benevolent super smart Chinese gov knows best' line just reads like ccp propaganda , same shit as they used to pump out during the soviet union 'the benevolent central planner know best'
i don't believe it, no government can be trusted with the power of fiat and a money printer, not America, not China.
statism is cancer because it's thinking the government must control everything and be involved in everything. i don't have an issue with the state giving old people bus passes and invalids disability, but it ends up with overreach, the forced 'new green deal' being an ongoing example, but there are many more.
if shit hits the fan, i will enjoy a macdonals and a coke yes, because they are the fruits of a free market, not the government department of fast food in charge of state sponsored food creation
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I dont believe 'the government must control everything' so if that's what you call statist I agree- but that can only ever happen if people allow it.
Did I claim governments can be trusted? They are only as good as the people and structures they are composed of.
We are all the government, but most people in the west have given up on any meaningful participation in government, perhaps because the fraud of 'democracy' has been captured by corporates and all we get is crony capitalism...but the point is we have allowed it and we are responsible for it. Nobody else.
We are all the government but Libertarians choose not to participate giving the crony capitalist western liberal democracies an easy road to do as they please.
Only Chinas has a government that knows if it does not perform and deliver for most Chinese it risks removal and overthrow...and the results peak for themselves.
Nation states are most powerful groupings of humans and as such they will decide how resources are allocated- sure go off and live on an island but you will not find it easy without the structures that the nation state provide but that you take for granted.
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i don't have a problem with nation-states i know about the history of state formation, to be clear, i am thinking of statism as
'significant governmental control over economic, social, and individual affairs with the state as a central authority in managing various aspects of society, often at the expense of individual autonomy'
i object to the significant part and i am pro-individual freedoms. i object to things like a social credit score and being punished for being a 'bad citizen' the same way i object to the UK or eu trying to ban diesel cars.
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I am absolutely pro individual freedoms too, but it is up to us to exercise and retain and build on them.
Instead we have stood by and allowed corporate bankers to come to own and operate our governments to far great a degree...that is due to our apathy and stupidity...we need to fight back and regain decent government- but sadly its seems unlikely at this late stage of the decline.
Most of what I hear on SNs is black and white 'the state is bad' nonsense.
The state can only come to over reach and dominate us if we allow it...and we have.
Responsibility comes back to us...as we are all the government.
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