David Cundell

#Pathologist, #Anatomist, #HouseDJ, #Birmingham

[Leon Wankum @leonwankum]

Everyone has the right to have their opinion in #Bitcoin. The important thing is that it cannot be forced on anyone. Therefore, #Bitcoin will create a reality in which coercion is less enforceable and individual freedom will increase.

[David Cundell @davidcundell]

@alexgroundwater @moving_charlie Fiscal dominance probably forestalled the inevitable. Central planners have tricks up their sleeves to kick cans further down the road than one might anticipate.

[David Cundell @davidcundell]

@John_Stepek Great advert for BTC - decentralised & secure network (proof of work consensus) that lacks such single points of failure.

Centralised vulnerability of TradFi & proof of stake 'crypto' exposed.

[David Cundell @davidcundell]

@MerrynSW 'Fiat standard' mindset here.

Exchange pristine collateral 'money' for currency 'credit' that one could have conjured by fiscal deficit spending.

Bitcoin standard: accumulate the scarce collateral & issue Fiat debt as collateral rises in value.

Distinction: 'money' vs 'credit'

[David Cundell @davidcundell]

@John_Stepek @MerrynSW Analogous move would be Gordon Brown (Globalist/Socialist faction) liquidating the UK's gold for 'investment' in public services eg. PFI hostipals.

Similar theme different decade with trend for public private partnerships.

Leaves nation state & it's population poorer.

[David Cundell @davidcundell]

@John_Stepek @MerrynSW Debts can never be repaid, that ship has long since sailed.

Sovereigntists - cut spending & acquire collateral for use after reset / new monetary system.

Globalists - liquidate it, impoverish the people in preparation for new world order. Can't have pesky prosperous outliers.

[David Cundell @davidcundell]

@moving_charlie 40 year downward (1982-2022) trend in interest rates reversed.

What leverage giveth on the way up, leverage taketh away on the way down.

De-globalisation & mercantilism next epoch.

Kondratiev commodity scarcity.

Rising interest rates & conflict.

Shelter mispriced.

[David Cundell @davidcundell]

@MarkDampier @FT Bitcoin is to pensions as Netflix was to Blockbuster.

Saving in a Fiat denomination makes no sense when the State needs to devalue the currency.

Now that the technology exists to hold self sovereign wealth in a decentralised & secure network, the playing field is levelled.

[David Cundell @davidcundell]

@John_Stepek Technocratic authoritarianism is the paradigm for managed decline.

Former colonial powers like UK are

1) short of energy commodity collateral with which to issue new debt

2) burdened by inverted demographic pyramids

TLDR: Socialism as Globalisation gives way to Mercantilism

[David Cundell @davidcundell]

@lizzzburden September 30th is the end of LIBOR.

Possible ECB capitulation as US Federal Reserve stays higher for longer.

SOFR replacing LIBOR for US domestic debt indexing has thwarted Europeans efforts to control US monetary policy via Eurodollar market.

Debt markets seem mispriced.

[David Cundell @davidcundell]

@crowningred It's not stupidity, it's a prerequisite for Totalitarianism.

[David Cundell @davidcundell]

@SimonDixonTwitt @TFL1728 control of US monetary* policy
(not fiscal oops)

[David Cundell @davidcundell]

@SimonDixonTwitt @TFL1728 covers this very well.

Dimon may be a necessary evil in the ongoing struggle to take back control of US fiscal policy & complete independence from colonial European powers.

SOFR replacing LIBOR, Eurodollar market rate blackmail, Yellen counteracting Powell's Fed etc.

[David Cundell @davidcundell]

@John_Stepek Is it really 'inflation' if one's pay goes up in a Fiat denomination, but one's purchasing power falls?

Feels like deflation with an illusory artificial 'wealth' effect from currency debasement.

Clever central planning perhaps as it hides the recession & keeps tax receipts up.

[Tom Luongo @TFL1728]

📣 New Podcast! "Episode #183 - Caitlin Long and the Conundrums of Europe" on @Spreaker #brexit #elections #eu #fed #france #uk https://t.co/ELc0cKWnWR

[David Cundell @davidcundell]

@btchpiuk @moving_charlie
@alexgroundwater

Inflation in £ terms
Deflation in #Bitcoin terms

Play Fiat games, win Fiat prizes.

Credit creation by central planners has dramatically flattered shelter as a store of value asset in £s preserving an illusion of housing sector value.

[David Cundell @davidcundell]

@John_Stepek Europe lacks commodity collateral with which to underpin sovereign debt

Historically, colonial powers have controlled sources overseas, making up for such deficiency

As rest of world sides with BRICS, while US retreats + breaks free of LIBOR, European debt markets are mispriced

[David Cundell @davidcundell]

@John_Stepek Now John, you do recognise relative performance of Fiat currencies is a dirty shirts parade.

All central planners are devaluing their currencies.

It just so happens that the UK ones are doing a bit less at the moment.

Gold, silver & bitcoin are more appropriate yardsticks.

[ClarksonsFarm @ClarksonsFarm1]

No farmers, no food. Back British farming!
#backbritishfarming