🦾 Preparing is the ultimate insurance
Melius Humano,
18th-century historian Alexander Tytler believed democracies would only last 200 years. (thread)
Books like The Fourth Turning and The Sovereign Individual long ago predicted many of the things happening in America today.
"History doesn't repeat itself, but it often rhymes" – Mark Twain
Take fiat currencies, for example. All have collapsed in history. The American dollar and the pound sterling have lost 99% of their value since their inception. Would you consider that a collapse? I would.
There have been at least 775 currencies throughout modern history.
100% have collapsed (if you consider 99% a collapse, which I do, this is an easy 100%).
While you cannot use this information to make absolute statements about the future, you can play the odds. Like in poker or any math-based game, you make bets based on what is most likely to happen. What is probable.
In a game of poker, you could—theoretically—be dealt a royal flush five times in a row, but it's so mathematically improbable that it will probably never happen. After years of playing poker, I've only had a royal flush three times.
This is the same principle you apply when studying history and using it to make decisions about what's likely to come next.
In the case of Bitcoin and the American dollar, there are a few of these truths I hold as the basis for my analysis:
1. The US government will never stop spending
2. Because of this, the dollar will continually be debased through money printing, debt, bailouts, and regulation, all of which reduce the value of the dollar and create inflation.
These two points are all I need to deduce with basically 100% certainty that bitcoin will increase in value (in fiat terms) over time.
I don't know at what rate or where the price will be on any given day or year, but I know that over the long run, this is absolutely certain in my mind.
And that's why I use Bitcoin as my primary long term savings strategy.
Take these points and apply a little game theory (logic) and you are likely to come to the same conclusion I have: that once the world realizes these TRUTHS, they are all going to want the only asset in existence that they can't print, destroy, or inflate away,
EVERYONE IS GOING TO WANT A LIFEBOAT, AND THAT LIFEBOAT IS BITCOIN.
When that happens, basic supply and demand economics kicks in, and prices go up. When this happens, I think it's going to be the greatest wealth transfer in history. It'll be like buying Manhattan island for a handful of beads. (Dutch colonist Peter Minuit is credited with purchasing Manhattan from the Algonquin Indians in 1626 for the equivalent of $24.)
After health, understanding money, inflation, and basic economics is maybe the single greatest knowledge you can possess today.
is the greatest insurance you'll ever have, as it will help you protect yourself against the nefarious and negligent actions of those in power.
The first principle's way of thinking about this is down to one thing: personal ownership.
If you don't take ownership of your future, no one will do it for you.
I feel compelled to share my thoughts on Bitcoin because of what it is, what it is not, and what it's going to do. For me, that's just like sharing the dangers of seed oils, or the importance of cooking your food at home as the epicenter of your health program.
“All things are ready, if our mind be so.” -William Shakespeare, Henry V
Worth a glance
Thinking about shit
🤔 “He that humbleth himself wishes to be exalted." -Nietzsche
🌎 What a time to be alive. If you aren’t grateful amongst the abundance all around you, you will never be, no matter what else you “get” or “have.”
🔗 Links Corner
½ Bitcoin Halving Day: a short piece by Saifedean that explains the implications of Bitcoin on the future of humanity
Look at Bitcoin compared to other assets. 🤯
⛓️ Modern-day feudalism uses monetary chains rather than physical or political chains. I've been saying for years now… that America pushes our inflation onto the rest of the world but bears the brunt of inflation ourselves while a select few enrich themselves at the top. The fiat dollar is one big feudal Ponzi scheme. An example of this.
💸 $500k per day since the pyramids were built would only be half of what the US gov has borrowed since June.
🧄 Garlic olive oil is simple, awesome, keeps in fridge.
💰 When you understand that incentives drive all human action, you understand why Big Pharma, Big Banks, and Big Government are all huge scams.
☀️ Thread on light nutrition by George German. Light is nutrition, which is why we are so excited about red/nir technology + the sun!
The Broken Status Quo
I regularly highlight the broken status quo so hopefully it will nudge you to OPT OUT and forge your own path.
If you find yourself nodding your head when reading about the dangers of seed oil, it's time to figure out how much of it is still in your diet. (It's likely at least a little bit.)
Knowledge is the ultimate power when it translates to real world action.
One way you can take action is to start using Carnivore Bars as an alternative to eating out.
A Carnivore Bar is a "meal in your pocket."
The six bar box equates to SIX times you didn't stop at that fast food place. That's six times you didn't eat seed oils. That's six times you saved $ and time and simplified your life.
Now imagine a 24-bar box: TWENTY FOUR TIMES you'd have spent $20-$50 to eat out. Do the math.
Grab a box today! Use code Yes2Meat at checkout for 10% off
Principles
80/20 The power law known as Prateo’s Principle
It is simply one of the most important natural laws in life.
When you truly understand it, you’ll start seeing it everywhere.
Learn how to apply it, constantly think about it, that’s when new levels of growth unlock.
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How is that even possible?
They will probably lose money on this and use it as a loss leader to attract investing customers.
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I’m Colin. Father, Entrepreneur, Thinker, Freedom Maximalist, and Investor. I believe in Free Humans and Free Markets. 👋 Join me on YouTube, Twitter, Instagram, My articles
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🦢 Swan Bitcoin is how I buy Bitcoin daily. Set it and forget it. Then wake up in a few years and be happy.
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What a great read.I will be sharing this with family/friends now & often! #OccasionalInsomiaCanBeGoodThing