pull down to refresh
56 sats \ 1 reply \ @freetx 3h \ on: Radio Rothbard • Why Government Spending Is Driving Up Interest Rates econ
I'm hopefully that the combo of tariffs + DOGE will offset in a very positive way so that inflation is both reduced (from excess gov spending) and meaningful jobs return to US.
It would be great if there were 700,000 less fed employees and and equal amount more productive factory jobs.
Sports betting sites capitalized on this by introducing "live betting" (aka in-game betting).
So not only can you bet on winner/loser - over/under....but you can bet play by play. "Team A will fumble the ball X times", "Team B will be next team to score", etc...
This has produced lots of interesting situations for bettors who may pick Team A to win, but upon seeing a bad first quarter, will then hedge against them by betting that Team B will have higher half-time score. Or sometimes bettors may bet for Team A to win, but also hoping that they fumble the ball X number of times so that their multi-layered bets can all hit....
Get ready for:
-
Banks custody bitcoin
-
Bitcoin pay options at all retail terminals
-
USD loans for BTC
-
Being paid interest on BTC by bank
Obviously you should always self-custody, but the biggest effect of this is for businesses. This opens the door for them to accept BTC at checkout.....
This is bigger than most people realize, perhaps bigger than SBR actually.
Every bank is now be able to custody bitcoin. This will radically transform bitcoin adoption across the economy as a blistering pace.
I've been deeply skeptical by all this "UFOs are out there and its all real".
It feels like they are trying to scare the public in order to justify their control. It all feels very manufactured
Project Bluebeam was a supposed gov project - a la War of the Worlds - to fake an alien invasion in order to bring about martial law.
But hey, I could be totally wrong.....and maybe little green men are running the show.
But I agree with your comment that Schumer is just doing this as a distraction, narrative shift....
We are so conditioned to "negotiate down" when in fact the law is (and has always been) on our side.
147 sats \ 3 replies \ @freetx 20h \ parent \ on: Trump issues and order making CBDC illegal. Politics_And_Law
Except to the extent required by law,
You're right....but it kinda cracks me up.
I mean its the Treasury's job to regulate the currency, not the Fed per the constitution.
Notwithstanding the constitution also says: "No state shall....make any Thing but gold and silver Coin a Tender in Payment of Debts."
....and yet they are worried about "some other law" that may contravene this.....
(ii) promoting and protecting the sovereignty of the United States dollar, including through actions to promote the development and growth of lawful and legitimate dollar-backed stablecoins worldwide;
Many of us predicted this....the interesting thing about this is Treasury will be in charge of this working group. This means that the Fed is frozen out!.
Pretty interesting!
There was a big blowup on Libertarian twitter this week when Trump freed Ross. It was blockback from the Trump deal of "if you libertarians vote for me, I will free Ross and put a Libertarian as part of my cabinet".
A large segment of twitter Libertarians were strongly against this. They literally would've preferred to not back Trump, instead vote for a Libertarian candidate, and lose the election and gain nothing.
All this reminded me of why I distanced myself from Libertarian / Mises in 2010....a fairly big percentage of the people are living in a fantasy land. They live in the world we "ought" to have instead of the world we actually have. As a result, they can never make any political headway and constantly shoot themselves in the foot. They are very poor political strategist (probably from high percentage of autistics in the movement), and thus are easily outflanked by those more experienced with how human society operates.
The left was able to make the "long march thru the institutions" by playing the long game and being very incremental in their approach. They saw that the US is a 2 party system, played that game, and they wound up taking over large swaths of both parties.
But many libertarians however would prefer to be principled losers and complain on twitter. Checker players in a 3D chess world.
the receiver of the offer can either deny the offer or make a counteroffer. There is nothing wrong with that! It is all voluntary and if the people of that place agree then there is no coercion involved.
Agreed. It wouldn't surprise me if the leadership of Greenland agrees to the proposal. Having US Senators, House of Reps + being the Gov of a US State is probably far greater political power than their status with Denmark now.
All of this creates flashing-red political risks and ethical conflicts. Start with who may be buying the tokens. A business or foreign official with interests....
Burisma is buying the tokens?!?! (sarc)
black/grey markets.
I'm sure there would be lots and lots of grey markets operating at the fringes. But the bigger the players get (large employers, large banks, large apartment owners) would all wind up complying.
Suppose that winds up affecting 50% of the illegals, that may still be enough of a political win for them to pursue this path.
Obviously, the "we are going to physically deport 15 million people" is just political theater. It could never happen, neither physically - nor politically (imagine news broadcast showing ICE officers rounding up crying families).
However, whats not really talked about, is it is possible to change the laws such that self-deportation becomes the only reasonable option.
Employment requires Proof of Citizenship, Bank account requires PoC, housing / apartment lease requires PoC, drivers license requires PoC, etc etc....
Pretty soon the only reasonable approach would be to self-deport.