When an empire runs out of its own money, it is able to increase the supply of money. However, printing more money causes borrowing to increase creating a financial bubble. I urge you to watch “The Changing World Order” on my YouTube channel to understand how, and what it means for all of us.
#principles #raydalio
History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:
1) The empire can no longer borrow the money to repay its debts
2) It prints a lot of new money, which devalues the currency and raises inflation
3) Living standards decline, leading to the rise of political extremism
4) Turbulent economic conditions undermine productivity and there is conflict about how to divide the shrinking resources
5) Populist leaders emerge pledging to take control and bring about order
#principles #raydalio #history #debt
ethereum is the best choice
other L1s are a compromise.
the L1 is the most decentralized, most secure, credibly neutral & never goes down.
it's the largest smart contract chain. it has the majority of stablecoin and DeFi TVL.
L2s are customizable, purpose-built, ownable & brandable.
they’re cheaper to run, easier to build, highly optimized for end users.
they can be much faster, more private, more integrated.
ethereum is the default for companies & institutions, for these reasons.
tokenize on the L1, or launch your own L2.
ethereum is obvious
BOOOOOM 💥💥💥🚀🚀
The #Bitcoin BULL RUN has not even started yet 🚀🚀💥
🚨BREAKING - PRESIDENT DONALD TRUMP:
“Together, we will make America the UNDISPUTED Bitcoin superpower.” 🇺🇸
The inability to hold often comes from a lack of understanding of tech, finance, and the world.
If you only bought bitcoin because someone else said so, your conviction to panic hold will be low.
More reading helps. 🙏
Everyone thought Bryan Johnson was insane...
When they heard he spends $2,000,000 a year to live to 200.
But the details of his protocol reveal 8 life-changing habits anyone can follow at home for free.
Here's his evidence-based longevity blueprint: 🧵