Viczeva

"Freedom is the mainspring of economic opportunity. The free market is the most powerful tool for lifting people out of poverty and unleashing their potential."

[Viczeva @viczeva]

👇

[Luke Gromen @LukeGromen]

A reminder that NO ONE has more USD-denominated debt coming due in the next 12 mths than Uncle Sam (37% of ~$20T = $7.4T due w/in 12 mths).

Uncle Sam has 3 options:

1. Default.

2. Crowd out global USD borrowings & crash his own stock market & economy.

3. Print the money.

[Viczeva @viczeva]

@MikeLevin Your grandfather fought alongside the Russians during WW 2—when they were led by Stalin.

[Viczeva @viczeva]

@BuyingMyFreedom @MAGAMILLENNIAL4 Or could this be the start of a small correction?

I think we all agree that, in the long run, this moves higher. But constantly projecting confidence in price direction hurts your credibility.

I have followed you for some time and say this with the utmost respect.

[Viczeva @viczeva]

@esoterjc @PeterSchiff @RepThomasMassie Yes, Puerto Ricans (U.S. citizens), can vote for U.S. president if they reside in one of the 50 states or D.C.

Conversely, U.S. citizens born in any state lose their right to vote for president if they move to Puerto Rico. Like Peter.

Voting rights are based on residency.

[Viczeva @viczeva]

@esoterjc @PeterSchiff @RepThomasMassie He’s still a U.S. citizen, as are all Puerto Ricans.

[Viczeva @viczeva]

@esoterjc @PeterSchiff @RepThomasMassie I would argue that the tides have changed significantly since then. If there was ever a shot at flipping that state, it’s now.

[Viczeva @viczeva]

@PeterSchiff @RepThomasMassie Run from Connecticut.

[Viczeva @viczeva]

@BuyingMyFreedom Could have said the same thing last Friday morning-how did that turn out? Silver has failed at $34 resistance every time. Until it breaks past Friday’s high and closes above it, there is nothing to celebrate.

[Viczeva @viczeva]

@PeterSchiff @RepThomasMassie You should run as well, Peter. You have a following now.

[Viczeva @viczeva]

@BuyingMyFreedom @Beyond_Charting But you don’t buy and hold. You are constantly trading options…

[Viczeva @viczeva]

So true. Every time silver drops, there’s always some shadowy force to blame. The reality? No one knows where prices will go. I learned the hard way to ignore the panic peddlers.

[Viczeva @viczeva]

@BuyingMyFreedom This was an obvious move. The price was extremely over the bollinger band, which reverses 95% of the time. Let’s hope it’s a shallow correction (think we go below $32).

[Viczeva @viczeva]

The worst part is that @RBReich knows this yet deliberately ignores well-established accounting principles to peddle his hateful narrative.

[Sawyer Merritt @SawyerMerritt]

Vice President of Finance at Tesla 🔥

Nice job @sendilpalani!

[Viczeva @viczeva]

This would be a complete 180 of our current system. Let’s go!

[Mike Lee @BasedMikeLee]

Raise your hand if you’d like to see @RonPaul as Federal Reserve chairman

[Viczeva @viczeva]

This is often true, which is why we must reduce the size of government and unlock this country’s full economic potential.

[Thomas Sowell Quotes @ThomasSowell]

“Too many political ‘solutions’ are solutions to problems created by previous political ‘solutions’ -- and will be followed by new problems created by their current ‘solutions.’”

— Thomas Sowell

[Viczeva @viczeva]

@yurienglan14587 @SRSroccoReport Prices quadrupled in 1973 due to the Arab oil embargo and doubled in 1979 after the Iranian Revolution; both led to supply shocks.

Calling it “oil price inflation” is like saying avian flu causes “egg price inflation.”

They are both supply and demand issues.

[Viczeva @viczeva]

@SenSanders Shame on you.

[Viczeva @viczeva]

You can’t dispute basic arithmetic.

[Wolf of Weimar @TheWolfofWeimar]

Since math is hard, I'm about to do some for you.

Bitcoin has 21,000,000 "Coins". I put coins here in quotations, because the number was arbitrary. It could have been 21B, or 21....it was made up, so just note the coin term is relative.

Each "Coin" is divisible by 100,000,000 (Satoshis).

It's total supply of transactable bitcoins is:
21M x 100M = 2.1 QUADRILLION

Gold is presumed to have 244,000 metric tons on Earth (of which ~187,000 are presumed to have been mined). This number could be higher or lower by some trivial number...we just don't know, but for the sake of this argument, I will use this number (From the USGS website)

1 metric ton=32,150.7 troy ounces

244,000 ounces ×32,150.7=7,843,570,800 troy ounces ( 7.84 Billion Ounces)

An ounce of gold is really only divisible by the smallest size you can get on the market (which is 1 gram), but let's say for the sake of argument you could get down to 1/10th gram (which is insanely small...the equivalent of cutting a Gold Eagle into 311 equal pieces).

A troy ounce is equivalent to 31.1035 grams * 10 (to get to 1/10th oz) = 311.035

So total divisible gold is = 7.84B * 311.035 = 2,438,514,400,000. (2.44T)

SOOOO, all this is just to say that the BTC supply is 860 times (2.1Q/2.44T) more abundant than gold.

Now if anything, all this should have done is show you a few things.

1) BTC was made up. It's number of coins were made up, its divisor was made up, it's all just fluff. Its scarcity is meaningless.

2) Even if you somehow believed in these made-up numbers, gold is STILL more rare.

Now don't come at me with the whole "you can sell gold in Atoms bro..." bullshit.

If you want to transact like real human beings, you need a realistic quantity (for which 1/10oz might even be overly generous) ....and let's not pretend like people even transact in BTC to begin with.

Anyway, take care

@Sorenthek @SemperVigilant1 @great_martis @garysavage1 @GoldSilverHQ @silverguru22 @Dioclet54046121 @TheBubbleBubble @Thedudesetx00 @KingKong9888 @JacobKinge @s

[Viczeva @viczeva]

@GlobalProTrader How many days do you think are needed? A week?

[Viczeva @viczeva]

Well said!

[Chamath Palihapitiya @chamath]

To add to this, there is nothing that now stops China from exporting their AI to the world. After the events of the past few days, China’s solution is currently roughly the same quality but meaningfully cheaper than American alternatives. Imagine what they bring to market in 12 or 24 months from now at this rate…

Will they do to the tech industry what they’ve already done to so many other markets? Cheaper, faster, better is a killer value proposition.

Meanwhile the bureaucratic class in the US has forced American companies to fight with one arm tied behind our backs.

Our education system is broken, we are over regulated and our politicians have been rewarded for focusing on all manner of fringe issues.

We need to follow through and complete this reset back to common sense if we are to win and remain the most important country in the world.