Jake Island

“True ignorance is not the absence of knowledge, it’s the refusal to acquire it”

[Jake Island @JakeislandBtc]

@d_1awrence It’s the SouthAfricanisation of the world!

[Jake Island @JakeislandBtc]

Caught it at the exact moment!

[Jake Island @JakeislandBtc]

@darkside2030 The FIC is paying him

[Jake Island @JakeislandBtc]

Just an FYI - Today’s price was an all time high less than 2 years ago - Nov 24.

Really looking forward to the next period.

[Jake Island @JakeislandBtc]

The BTC Bank Of Australia officially opened today….feel free to bank for free, transact for free with permission-less 24 hours a day transactions.

[Jake Island @JakeislandBtc]

@BritishHodl Sounds like a conference where the Financial Industrial Complex channels are plugged into BTC. Clear as daylight. FIC bro’s

[Jake Island @JakeislandBtc]

@seanclarke911 Some will be caught up in this, but not me. I have freedom!

[Jake Island @JakeislandBtc]

@bramk This chaps face says it all …

[Jake Island @JakeislandBtc]

@BritishHodl Math. Do the Math….

[Jake Island @JakeislandBtc]

Correct?

Intrinsic value is totally subjective but always objectively the same ie. My situation induces value in something because that thing fulfills a certain outcome for me now or into the future. Objectively the same thing has the same critical function for someone else but for a different reason or degree. Therefore the intrinsic value differs - but the thing exists because there is a need!

For anyone to say something has no intrinsic value simply ask them if they have a favourite t-shirt!

Then say this - Intrinsic means subjective and if you are not seeing value then it’s because you have no need, but if there is definitive collective need in the market then maybe you are still travelling to the point where you will need it.

[Jake Island @JakeislandBtc]

I totally agree, my example is slightly different.
Intrinsic value is totally subjective but always objectively the same ie. My situation requires me to find value in something because that thing fulfills a certain outcome for me or will hold value into the future for me. Objectively the same thing has the same critical function for someone else but for a different reason. Hence the intrinsic value differs - hence it exists.

For anyone to say something has no intrinsic value simply ask them if they have a favourite t-shirt!

[Jake Island @JakeislandBtc]

This is so painful to watch. Slinging words to what would hopefully be an ignorant listener about something this bro obviously has at best scattered knowledge and insight on is really poor execution of a view point. If he slows to a panic and articulates his argument or opinion without name dropping then he would have a better chance of anyone taking him seriously. I suppose anyone can pay for an internet connection and throw words out to the world in a hope to look intelligent.

I am really excited to hear about the investments he does like. I am sure his knowledge will be groundbreaking!

[Jake Island @JakeislandBtc]

@seanclarke911 @FoundationHQ Aha! So a strong hot wallet setup! Good call mate 🇦🇺

[Jake Island @JakeislandBtc]

@BritishHodl @Trezor The idiot is your mate, but hey look you get to push the Financial Industrial Complex’s IBIT again. Yay, well done!!!!!

[Jake Island @JakeislandBtc]

🚨 If you have an interest in the future YOU, I want you to read this number out aloud. Start at the back and keep building until you fully understand and can read it out loud. Understanding that the number is “ 1 Million dollars in a pile and there are one million piles, ie 1 million million in debt, as we inch towards the trillion mark you might get mad and nauseous at the same time.

For context, assume each dollar above was equal to 1 second. Then travelling back in time 1 Trillion seconds takes you back to 1994.

Wondering why you taxes are so high - well each tax payer is responsible for $85000 of this debt.

Thanks @paulhodl21 for this. https://t.co/88UA8dEqB6

God help Australia 🇦🇺

[Jake Island @JakeislandBtc]

@saifedean Whatever they said, I know they are lying. You want to know why, because their 👄 were moving.

[Jake Island @JakeislandBtc]

Whether you like Iran or not, this is an overreach of power. The USA is selling its inflation to the rest of the world and with their reserve currency Ponzi scheme covered up as “ Irans Nuclear programme” needs to be stopped or protect Israel BS. I am surprised they’re not saying it’s to protect the children.

When they talk, they lie…

[Jake Island @JakeislandBtc]

This speaks strongly to @LawrenceLepard book, the big print and what’s happening in Australia Now. @seanclarke911 back me up here! 🇦🇺

[Сarm1ne @carm1nee]

Stan Druckenmiller called what would happen when the world figured out what America was running: "our creditors across the ocean who own most of our debt will realize what a Ponzi scheme this is, and the 2% interest we're paying on our debt will skyrocket"

this is him explaining the $211 trillion nobody puts on the balance sheet, why he says a 35-year-old plumber is paying for a 65-year-old coupon clipper, and what he told a room full of 20-year-olds to go do about it

"if you take the present value of expected tax revenues and subtract the present value of the benefits we promised, the fiscal gap is $211 trillion"

"there are two ways to clear it right now. Raise everybody's taxes 64%. Or cut all government spending - defense, entitlements, Head Start - 40%"

"raise the income tax on every millionaire by 10 points and you'd raise $92 billion. The deficit is $1.3 trillion. It doesn't even move the needle"

bookmark & watch the full conversation - then read the article below ↓