Every wealthy family in history has run the same trade:
Short the currency. Long scarce assets.
Land in 1600. Gold in 1900. Equities in 2000. The rich don't save in the money. They borrow it, spend it, and own everything it buys.
For the first time, you can run the same trade from your phone at any scale, with the best asset ever created: Bitcoin.
United States' P&L and BS 2005-today:
There are 3 options fiscally:
1. Austerity (spend less)
2. Increase Taxes
3. Print
1 & 2 don't get you elected, 3 is easy because it is a costless keystroke.
They must print.
Wealthiest man in the world
“I own Bitcoin”
Founder of the largest asset management company in the world
“I own Bitcoin”
Founder of largest hedge fund
“I own Bitcoin”
Co-founder of the largest company
“I own Bitcoin”
Dude who barely finished 12th grade
“Bitcoin is a scam”
The Elstro Plaza is a wonderful place to play Ping Pong. The @iueast BOSS Expreience is down to the final four in our tournament, Jacob George, Grant Luebbe, Jackson Ward and Professor Tim Scales @iueredwolves@StellarRichmond@ronoler
Day two of the @iueast BOSS Experience with Professor Tim Scales was a fun day of learning about local #Entrepreneurship. Visiting Saver Systems, Richmond IN Airport, lunch at 5th Street Bagel and Jack Elstro Plaza. @iueredwolves
It was successful day of @iueast BOSS Experience with Professor Tim Scales learning from Bowman Superior Genetics #farm, spending time in Cambridge City, IN for lunch at the #9 Grille and sharing a #podcast with the @indiana_sbdc. @iueredwolves
It was an exciting day with the @iueast BOSS Experience as the students explored the former Second National Bank Building, home of Professor Tim Scales first banking job and viewed opportunities for #entrepreneurs, Suzie's Pizza, Table Games and several locations. @iueredwolves
SaverSystems, one of the favorite tours recognized by the @iueast BOSS students. They enjoyed learning about the manufacturing process and the structure of the company as an employee owned ESOP. In the photo, five employees represented, four are IU East graduates. @iueredwolves
Just as @iueast Professor Tim Scales was thinking the #BOSS Experience had eneded, he discovered an additional side of some of the student entrepreneurs as they created a mini car show in the parking lot of Hayes Hall. Congratulations Grant, Jacob, Sonny and Jerry - nice cars.