Money Printing is pretty diabolical.
At first glance, it seems you can avoid it's effects by buying stocks or real estate.
But as you see with time, these things only go up nominally, not in real terms. And when you sell them, you end up paying taxes to the government.
So even if you are making 7% per year in the market, and even if you are holding over a year to get the long term cap gains treatment, you are losing fake "capital gains" which are just debasement.
And if you don't want to take the risk on equities or real estate, you end up paying close to half of your interest to taxes.
The 60/40 portfolio is really just a recipe for paying half of every dollar you make, or more, to the government.
And it's not that this government does anything for you. It's just a mass of useless bureaucrats shuffling papers in DC and state capitols.
You can escape it today with Bitcoin. No new laws need to be passed. But you need to open your mind to what is happening.
Michael Saylor gets an awesome reaction from Scott Galloway with this bitcoin volatility analogy.
So fun to watch a skeptic have their mind blown by Saylor's brilliant metaphors.
Galloway just couldn't help but be impressed.
‘I love private property, and let me tell you something, if you care about your fucking country, read Ludwig Von Mises and the 6 lessons of the Austrian Economic School, motherfuckers!’ - @moicanoufc 🔥
Best post-fight interview of all time??
Safe to say the Overton window has shifted.
LFG.
#UFC300
Former Georgia QB JT Daniels told @PeteThamel that he's transferring to West Virginia.
He called coach Neal Brown and informed him of the decision Wednesday morning. https://t.co/yKVz4lrW7q
The hard conversation we SHOULD be having around vaccine mandates is how both Democrats and Republicans paved the way for this kind of injustice with their disgusting War on Drugs in the first place.
Listen as @brad_polumbo & I discuss on the BASED Brief: https://t.co/xJko82SJQV
On BASED, I trace back the public policy of major issues & show where things went wrong.
9/10 times that trail leads right back to the 20s & 30s - specifically FDR & the New Deal.
If Congress passes this $3.5T bill today I predict it’ll come up similarly the rest of my life.
Win or lose we should have our guys back instead of crush them. The beautiful thing about bleeding gold and blue is knowing that people have always counted us out and looked down on us and we've always loved the opportunity to prove different. @WVUfootball is in good hands. Stop!