Drewsie

Mostly inflation, economics & Bitcoin

[Drewsie @drewsie_]

1/ Hard to soft Money: The Hyperinflation of the Roman Empire

Thousands of years before 1920s Weimar Germany 🇩🇪 hyperinflation, there was the great currency debasement of the Roman Empire 🪙 .
🧵 👇

[Drewsie @drewsie_]

@kanemcgukin @LawrenceLepard

[Drewsie @drewsie_]

@LawrenceLepard 🤝

[Drewsie @drewsie_]

@PrestonPysh

[Drewsie @drewsie_]

@LawrenceLepard @kanemcgukin @nic_carter Long, long term I would agree with you LL, but short and medium term a SBR can only help legitimize the dollar IMO.

If the dollar becomes pegged to Bitcoin in the future both scenarios could be correct at the same time 🤯.

[Drewsie @drewsie_]

@kanemcgukin @LawrenceLepard @nic_carter I would also add the US adopting a SBR will actual strengthen the dollar and further reduce a Weimar hyperinflation moment.

Like adding Nickel to Steel, adding Bitcoin to back 💵 ‘S will make the USD stronger 💪

[Drewsie @drewsie_]

@kanemcgukin @LawrenceLepard @nic_carter The Strategic Bitcoin Reserve (SBR) is the signal. Everything else is just noise IMO.

The significance of the largest economy in the world adoption Bitcoin as a reserve asset cannot be overstated. It’s a monumental shift (and acceleration) in the Bitcoin adoption curve.

[Drewsie @drewsie_]

@LawrenceLepard Can’t wait to read it LL 🙌

[Drewsie @drewsie_]

@LukeMikic21 @saylor This was a great interview Luke 👏🙌

[Drewsie @drewsie_]

@TheELongWave Great book 📚 👏. Also an excellent movie as well

[Drewsie @drewsie_]

@alphafortuna10 @JoeRampart For sure, it can definitely be done, but high risk.

[Drewsie @drewsie_]

@alphafortuna10 @JoeRampart For example several REITS have lowered their dividends as of late 🧐, which makes the servicing harder.

[Drewsie @drewsie_]

@alphafortuna10 @JoeRampart He eventually died and his estate lost all his wealth. It’s just less points to have no debt vs trying to balance your hard assets into cash flow to service the debts

https://t.co/GFQW6yZjhv

[Drewsie @drewsie_]

@JoeRampart “Inflation as revenue option will be largely forclosed by the emergence of cyber money. New technologies will allow the holders of wealth to bypass the national monopolies that have issued and regulated money in the modern period. “ - The Sovereign Individual 📚

[Drewsie @drewsie_]

@JoeRampart “If you know nothing else about the future, you can rest assured that dramatic changes will be neither welcomes or advertised by conventional thinkers” - The sovereign individual 📚

[Drewsie @drewsie_]

@TheELongWave @JeffBooth And another one:

“The government doesn’t actually have more assets; it’s just representing its assets with more units of currency, which means each unit of currency is worth less.” -Price of tomorrow -
@JeffBooth

[Drewsie @drewsie_]

@TheELongWave Excellent presentation👏.

“If we’re being honest with ourselves, much of the wealth and privilege that we enjoy is not from our ingenuity or hard work, but because the governments of the world decided to print money” - The price of tomorrow 📚 by
@JeffBooth

[Drewsie @drewsie_]

@peruvian_bull @dueyfromstlouis Nobody wants DEBT on their books 📚🧐. Scary thought 💭