![balajis's tweet photo. HISTORY IS RUNNING IN REVERSE
The Bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. But now, digital gold is back.
Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal battles[1].
Those gold clause cases are forgotten today, but received as much contemporary coverage as 9/11 or the Moon Landing. They were the most important issue in the country, receiving far more coverage than seemingly comparable Supreme Court decisions like Roe vs Wade. Why?[2]
The reason is that the transition from a gold-backed to fiat-backed system was comparable to a soft communist revolution, as the *visible* seizure of gold laid the groundwork for the *invisible* seizure of wealth via money printing.
And the classically trained judges at that time fully understood this. Justice McReynolds' then-famous dissent denounced the ruling in the harshest terms, noting that the "Constitution is gone" and the "dollar...may be 30c tomorrow, 10c the next day, and 1c the day following".[3]
McReynolds was right.
While the court was forced into a grudging institutional surrender by FDR's threat of court-packing[2], the gold clause case affected every economic decision-maker in the country, as it amounted to the US government explicitly defaulting on its bonds by seizing the assets of its citizens, laying the groundwork for the century of monetary debasement to come.[4]
Now all of that is unwinding. FDR's team could ride the wave of centralizing technology that built giant states around the world. But today, technology today favors *decentralization* — personal computers, end-to-end encryption, mobile phones, and of course cryptocurrency [5].
Thus, top talent isn't being pulled into a government Brain Trust. It's being brain drained *out* of the US establishment. And as a consequence the epic legal battles are, on balance, going our way.
It's not just the DC Circuit case.[6] The ideological conflict between decentralization and centralization is reflected in the 3-2 vote for the Bitcoin ETF approval itself. Read Peirce's brilliant pro-liberty approval[7], Crenshaw's dour denial[8], and Gensler's reluctant approval[9].
You'll see echos of the gold clause case, but in reverse. This time, it is the centralized state that is being forced into a grudging institutional surrender. And a surrender it is, as Crenshaw's dissent[8] makes clear:
"...there is no primary regulator for the bitcoin spot markets. Spot bitcoin ETPs will be participating in an unregulated, fragmented, continuously traded, global free-for-all. Even if there were a primary regulator for this market, much of it could be beyond the reach of U.S. regulation..."
Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control[10], as Satoshi intended.
So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours.
History is running in reverse.
[1]: https://t.co/yl0MCTRrlg
[2]: https://t.co/92ahAV1AeY
[3]: https://t.co/MknSZv5Q6g
[4]: https://t.co/dbYcaOXyff
[5]: https://t.co/1DWoz5f6nW
[6]: https://t.co/COJmRAwO3K
[7]: https://t.co/pipMkosz5k
[8]: https://t.co/4tSlPrST9c
[9]: https://t.co/ZWjdGrRMXJ
[10]: https://t.co/XMCEWu2PK9](https://pbs.twimg.com/media/GDh9Z-EagAA_vtO.jpg)
![balajis's tweet photo. HISTORY IS RUNNING IN REVERSE
The Bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. But now, digital gold is back.
Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal battles[1].
Those gold clause cases are forgotten today, but received as much contemporary coverage as 9/11 or the Moon Landing. They were the most important issue in the country, receiving far more coverage than seemingly comparable Supreme Court decisions like Roe vs Wade. Why?[2]
The reason is that the transition from a gold-backed to fiat-backed system was comparable to a soft communist revolution, as the *visible* seizure of gold laid the groundwork for the *invisible* seizure of wealth via money printing.
And the classically trained judges at that time fully understood this. Justice McReynolds' then-famous dissent denounced the ruling in the harshest terms, noting that the "Constitution is gone" and the "dollar...may be 30c tomorrow, 10c the next day, and 1c the day following".[3]
McReynolds was right.
While the court was forced into a grudging institutional surrender by FDR's threat of court-packing[2], the gold clause case affected every economic decision-maker in the country, as it amounted to the US government explicitly defaulting on its bonds by seizing the assets of its citizens, laying the groundwork for the century of monetary debasement to come.[4]
Now all of that is unwinding. FDR's team could ride the wave of centralizing technology that built giant states around the world. But today, technology today favors *decentralization* — personal computers, end-to-end encryption, mobile phones, and of course cryptocurrency [5].
Thus, top talent isn't being pulled into a government Brain Trust. It's being brain drained *out* of the US establishment. And as a consequence the epic legal battles are, on balance, going our way.
It's not just the DC Circuit case.[6] The ideological conflict between decentralization and centralization is reflected in the 3-2 vote for the Bitcoin ETF approval itself. Read Peirce's brilliant pro-liberty approval[7], Crenshaw's dour denial[8], and Gensler's reluctant approval[9].
You'll see echos of the gold clause case, but in reverse. This time, it is the centralized state that is being forced into a grudging institutional surrender. And a surrender it is, as Crenshaw's dissent[8] makes clear:
"...there is no primary regulator for the bitcoin spot markets. Spot bitcoin ETPs will be participating in an unregulated, fragmented, continuously traded, global free-for-all. Even if there were a primary regulator for this market, much of it could be beyond the reach of U.S. regulation..."
Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control[10], as Satoshi intended.
So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours.
History is running in reverse.
[1]: https://t.co/yl0MCTRrlg
[2]: https://t.co/92ahAV1AeY
[3]: https://t.co/MknSZv5Q6g
[4]: https://t.co/dbYcaOXyff
[5]: https://t.co/1DWoz5f6nW
[6]: https://t.co/COJmRAwO3K
[7]: https://t.co/pipMkosz5k
[8]: https://t.co/4tSlPrST9c
[9]: https://t.co/ZWjdGrRMXJ
[10]: https://t.co/XMCEWu2PK9](https://pbs.twimg.com/media/GDh6QvFbkAAt2xd.png)
![balajis's tweet photo. HISTORY IS RUNNING IN REVERSE
The Bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. But now, digital gold is back.
Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal battles[1].
Those gold clause cases are forgotten today, but received as much contemporary coverage as 9/11 or the Moon Landing. They were the most important issue in the country, receiving far more coverage than seemingly comparable Supreme Court decisions like Roe vs Wade. Why?[2]
The reason is that the transition from a gold-backed to fiat-backed system was comparable to a soft communist revolution, as the *visible* seizure of gold laid the groundwork for the *invisible* seizure of wealth via money printing.
And the classically trained judges at that time fully understood this. Justice McReynolds' then-famous dissent denounced the ruling in the harshest terms, noting that the "Constitution is gone" and the "dollar...may be 30c tomorrow, 10c the next day, and 1c the day following".[3]
McReynolds was right.
While the court was forced into a grudging institutional surrender by FDR's threat of court-packing[2], the gold clause case affected every economic decision-maker in the country, as it amounted to the US government explicitly defaulting on its bonds by seizing the assets of its citizens, laying the groundwork for the century of monetary debasement to come.[4]
Now all of that is unwinding. FDR's team could ride the wave of centralizing technology that built giant states around the world. But today, technology today favors *decentralization* — personal computers, end-to-end encryption, mobile phones, and of course cryptocurrency [5].
Thus, top talent isn't being pulled into a government Brain Trust. It's being brain drained *out* of the US establishment. And as a consequence the epic legal battles are, on balance, going our way.
It's not just the DC Circuit case.[6] The ideological conflict between decentralization and centralization is reflected in the 3-2 vote for the Bitcoin ETF approval itself. Read Peirce's brilliant pro-liberty approval[7], Crenshaw's dour denial[8], and Gensler's reluctant approval[9].
You'll see echos of the gold clause case, but in reverse. This time, it is the centralized state that is being forced into a grudging institutional surrender. And a surrender it is, as Crenshaw's dissent[8] makes clear:
"...there is no primary regulator for the bitcoin spot markets. Spot bitcoin ETPs will be participating in an unregulated, fragmented, continuously traded, global free-for-all. Even if there were a primary regulator for this market, much of it could be beyond the reach of U.S. regulation..."
Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control[10], as Satoshi intended.
So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours.
History is running in reverse.
[1]: https://t.co/yl0MCTRrlg
[2]: https://t.co/92ahAV1AeY
[3]: https://t.co/MknSZv5Q6g
[4]: https://t.co/dbYcaOXyff
[5]: https://t.co/1DWoz5f6nW
[6]: https://t.co/COJmRAwO3K
[7]: https://t.co/pipMkosz5k
[8]: https://t.co/4tSlPrST9c
[9]: https://t.co/ZWjdGrRMXJ
[10]: https://t.co/XMCEWu2PK9](https://pbs.twimg.com/media/GDh2FcIbMAEC67E.png)
Olivia
Online
Mangesh Gunjal
@MangeshGunjal
Have Literally dropped from the sky once. Hiker, Foodie, Travel Enthusiast, Marathoner 10×7 15x1 21×6, 14er, Spartan Super '17!
Pune,India
Joined March 2009
1.8K Following
314 Followers
2.6K Posts
HISTORY IS RUNNING IN REVERSE
The Bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. But now, digital gold is back.
Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal battles[1].
Those gold clause cases are forgotten today, but received as much contemporary coverage as 9/11 or the Moon Landing. They were the most important issue in the country, receiving far more coverage than seemingly comparable Supreme Court decisions like Roe vs Wade. Why?[2]
The reason is that the transition from a gold-backed to fiat-backed system was comparable to a soft communist revolution, as the *visible* seizure of gold laid the groundwork for the *invisible* seizure of wealth via money printing.
And the classically trained judges at that time fully understood this. Justice McReynolds' then-famous dissent denounced the ruling in the harshest terms, noting that the "Constitution is gone" and the "dollar...may be 30c tomorrow, 10c the next day, and 1c the day following".[3]
McReynolds was right.
While the court was forced into a grudging institutional surrender by FDR's threat of court-packing[2], the gold clause case affected every economic decision-maker in the country, as it amounted to the US government explicitly defaulting on its bonds by seizing the assets of its citizens, laying the groundwork for the century of monetary debasement to come.[4]
Now all of that is unwinding. FDR's team could ride the wave of centralizing technology that built giant states around the world. But today, technology today favors *decentralization* — personal computers, end-to-end encryption, mobile phones, and of course cryptocurrency [5].
Thus, top talent isn't being pulled into a government Brain Trust. It's being brain drained *out* of the US establishment. And as a consequence the epic legal battles are, on balance, going our way.
It's not just the DC Circuit case.[6] The ideological conflict between decentralization and centralization is reflected in the 3-2 vote for the Bitcoin ETF approval itself. Read Peirce's brilliant pro-liberty approval[7], Crenshaw's dour denial[8], and Gensler's reluctant approval[9].
You'll see echos of the gold clause case, but in reverse. This time, it is the centralized state that is being forced into a grudging institutional surrender. And a surrender it is, as Crenshaw's dissent[8] makes clear:
"...there is no primary regulator for the bitcoin spot markets. Spot bitcoin ETPs will be participating in an unregulated, fragmented, continuously traded, global free-for-all. Even if there were a primary regulator for this market, much of it could be beyond the reach of U.S. regulation..."
Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control[10], as Satoshi intended.
So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours.
History is running in reverse.
[1]: https://t.co/yl0MCTRrlg
[2]: https://t.co/92ahAV1AeY
[3]: https://t.co/MknSZv5Q6g
[4]: https://t.co/dbYcaOXyff
[5]: https://t.co/1DWoz5f6nW
[6]: https://t.co/COJmRAwO3K
[7]: https://t.co/pipMkosz5k
[8]: https://t.co/4tSlPrST9c
[9]: https://t.co/ZWjdGrRMXJ
[10]: https://t.co/XMCEWu2PK9
![balajis's tweet photo. HISTORY IS RUNNING IN REVERSE
The Bitcoin ETF is the spiritual reversal of Executive Order 6102. Back in 1935, they seized the gold. But now, digital gold is back.
Ninety years ago, FDR and his fellow travelers rode the 20th century arc of centralization. The chokepoints of then-new technologies for mass media and mass production allowed them to gain control over the population, recruit top talent for their "Brain Trust", and seize the gold after a series of epic legal battles[1].
Those gold clause cases are forgotten today, but received as much contemporary coverage as 9/11 or the Moon Landing. They were the most important issue in the country, receiving far more coverage than seemingly comparable Supreme Court decisions like Roe vs Wade. Why?[2]
The reason is that the transition from a gold-backed to fiat-backed system was comparable to a soft communist revolution, as the *visible* seizure of gold laid the groundwork for the *invisible* seizure of wealth via money printing.
And the classically trained judges at that time fully understood this. Justice McReynolds' then-famous dissent denounced the ruling in the harshest terms, noting that the "Constitution is gone" and the "dollar...may be 30c tomorrow, 10c the next day, and 1c the day following".[3]
McReynolds was right.
While the court was forced into a grudging institutional surrender by FDR's threat of court-packing[2], the gold clause case affected every economic decision-maker in the country, as it amounted to the US government explicitly defaulting on its bonds by seizing the assets of its citizens, laying the groundwork for the century of monetary debasement to come.[4]
Now all of that is unwinding. FDR's team could ride the wave of centralizing technology that built giant states around the world. But today, technology today favors *decentralization* — personal computers, end-to-end encryption, mobile phones, and of course cryptocurrency [5].
Thus, top talent isn't being pulled into a government Brain Trust. It's being brain drained *out* of the US establishment. And as a consequence the epic legal battles are, on balance, going our way.
It's not just the DC Circuit case.[6] The ideological conflict between decentralization and centralization is reflected in the 3-2 vote for the Bitcoin ETF approval itself. Read Peirce's brilliant pro-liberty approval[7], Crenshaw's dour denial[8], and Gensler's reluctant approval[9].
You'll see echos of the gold clause case, but in reverse. This time, it is the centralized state that is being forced into a grudging institutional surrender. And a surrender it is, as Crenshaw's dissent[8] makes clear:
"...there is no primary regulator for the bitcoin spot markets. Spot bitcoin ETPs will be participating in an unregulated, fragmented, continuously traded, global free-for-all. Even if there were a primary regulator for this market, much of it could be beyond the reach of U.S. regulation..."
Let that sink in! This is what the US establishment truly fears: not Bitcoin as "fraud", but Bitcoin as freedom. They want to rule not just you but the world, so they're scared of the prospect of "a global free-for-all..beyond the reach of US regulation". And they know that any spot ETF will bid up the price of self-custodied Bitcoin outside their control[10], as Satoshi intended.
So: since FDR's seizure of gold, our lives have revolved around the centralized state rather than the decentralized market. The state has had control for so long we've forgotten what freedom is like. But now gold is slipping out of their hands, and back into yours.
History is running in reverse.
[1]: https://t.co/yl0MCTRrlg
[2]: https://t.co/92ahAV1AeY
[3]: https://t.co/MknSZv5Q6g
[4]: https://t.co/dbYcaOXyff
[5]: https://t.co/1DWoz5f6nW
[6]: https://t.co/COJmRAwO3K
[7]: https://t.co/pipMkosz5k
[8]: https://t.co/4tSlPrST9c
[9]: https://t.co/ZWjdGrRMXJ
[10]: https://t.co/XMCEWu2PK9](https://pbs.twimg.com/media/GDiDPEiakAAdjgp.jpg)
Who buys lavish apartments for Rs 10-20 CRORES?
You may be aware of their names through news reports.
But what you may not know is the trick they use to buy those houses.
So what is it?
Sell equities, use the gains to buy a property and pay ZERO tax.
A detailed 🧵
DYK - In 1993 #Surabhi received 14 lakh letters in one week, entering Limca Records
Fans used 15p postcard for its quiz. Indian postal dept had to intro the new 'Competition Postcards' @ Rs 2
This was before mobile, internet or marketing strategy!
An edit to induce nostalgia 👇
-----
#SiddharthKak #RenukaShahane #Doordarshan #90s
Who to follow
NottinghamLocalNews
@NottsLocalNews
Covering local news from Nottingham, Beeston, Clifton, West Bridgford, Rushcliffe, Calverton & Burton Joyce and East Leake.
Calmette Lahoud
@KingCalmette
Baz Cooper 
@bazdjcooper
#hcafc correspondent for the Hull Daily Mail. Also enjoy a dabble in a bit of #travel. Ex-#NFFC writer at Nottingham Post. Dislikes the transfer window.
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 ZPXP5 👈🏻 or click the link https://t.co/S7Ye0lNxUN
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork #Airdrop #AirdropAlert
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 MAYHX 👈🏻 or click the link https://t.co/iIkgIpZvMa
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork #Airdrop #AirdropAlert
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 AVKS6 👈🏻 or click the link https://t.co/r4eg2cL5BH
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork #Airdrop #AirdropAlert
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 38FOS 👈🏻 or click the link https://t.co/IuHTmi3gko
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork #Airdrop #AirdropAlert
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 QQ4QE 👈🏻 or click the link https://t.co/aNhyPIRptb
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork #Airdrop #AirdropAlert
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 328FQ 👈🏻 or click the link https://t.co/CqWnepcv1a
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 VITVJ 👈🏻 or click the link https://t.co/ATOHJoWhqd
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork
Manta New Paradigm is HERE!! I'm getting PENTA rewards Manta rewards for it, you can too. Join my team with this invite code 👉🏻 CBL7I 👈🏻 or click the link https://t.co/Gg82KOqsgU
#MantaNewParadigm #Manta #mantainvitecodes #MantaPacific #MantaNetwork
🔥Bitcoin's prospects in 2024 are certainly exciting.
Here's a concise thread on the top 21 reasons why Bitcoin's future looks incredibly promising this year.
🧵...👇
#Polygon surges to 2nd Largest TVL, surpassing Ethereum, Solana, and Arbitrum!
Major milestone in scalability and adoption ⚡️
Sovereign Gold bonds (#SGB) are touted as one of the best ways to invest in gold.
And the first-ever batch (SGB 2015-1) has proved why.
The 1st SGB issue will mature on Nov 30.
And those who have been holding it for the past 8 years would earn ~13% RETURN.
More details in 🧵
If you're not aware of these events, then this is worth a read!
The month of November 1971, 52 years ago, Very important events were happening in our country.
The year was 1971 and the month November.
“If India pokes its nose in Pakistan, US will not keep its trap shut. India will be taught a lesson.”
- Richard Nixon
“India regards America as a friend. Not a boss. India is capable of writing its own destiny. We know and are aware how to deal with each one according to circumstances.”
- Indira Gandhi
Indian Prime Minister Indira Gandhi articulated these exact words sitting with the US President Richard Nixon in the White House, while maintaining an eye-to-eye contact. This incident was narrated by the then Secretary of State and NSA, Henry Kissinger, in his autobiography.
How much pension will you get from NPS after you retire?
Well, it depends on 3 things.
1. Corpus
2. Annuity variant
3. Insurer
Say, a 60-year-old buys an annuity for Rs 1 cr today.
His monthly pension can range from Rs 44,750 to Rs 77,000.
What should you keep in mind?
A 🧵
Cataract claim: ₹ 87,618/-
Insurer pays: ₹ 43,200/-
*Loss of 44K* 😨😨
The customer was furious.
He complained to the Ombudsman.
Who won? Read on 👇🏻
#ClaimStories
The two-finger test violates sexual assault survivors' dignity and retraumatises them. It is also unscientific and invasive. SC opposes it but since there are no legal repercussions, it continues to be practiced. End the two finger test: https://t.co/7Qz0ffJW4w
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