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John Makan
24.9K posts

John Makan
@BitcoinGambit
Sound money. Bitcoin critic. Austrian economist who actually read Menger, Mises and Hayek. Author of The Bitcoin Gambit on Substack.
UK and Ireland انضم Aralık 2022
1.1K يتبع1.9K المتابعون
John Makan أُعيد تغريده

@garysavage1 Nobody is selling their physical gold here, the onscreen price is leveraged paper getting flushed.
The real bargain is in the junior miners, many of which are down 50% or more in the past two weeks.
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Ever since gold completed its last 8 year cycle low it's been a bad idea to sell when the weekly charts have dipped to oversold levels. This will continue to be the case until the 8 year cycle tops. But it's still too early for that.
If we can rebuild the wall of worry then the 8 year cycle isn't likely to top before 2028.
If this slingshots back up once the bottom is struck and we start a second parabolic phase then the top would come later this year or more likely in the spring of next year.
Either way it's too early for the 8 year cycle to top, plus in the case of silver there's just no precedent for a breakout from a 45 year base only rallying for 2 months and a pitiful 140% increase. A base that big should produce a 500-1000% increase before a major secular top.

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@DavidMcNab17 @ProfSteveKeen @moving_charlie What would the consequences be of that choice? Massive inflation. You would need all govts to make the switch and currencies would still collapse.
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@moving_charlie Cold truth. Govt ‘borrowing’ isn’t a thing. Bonds are savings accounts for the rich.
‘Borrowing’ costs are a choice. The govt could choose not to pay interest tomorrow.
Wealth equality would free up the housing market more effectively than anything else.
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For context, scrapping Stamp Duty for all main-home purchases for UK citizens only would cost £7bn, or half of one-month's government borrowing.
Yet it would unlock immense economic activity.
x.com/i/trending/203…
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@Vivek4real_ Any source please Vivek? Would like to use this in an article.
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John Makan أُعيد تغريده

In 2002, the US conducted Millennium Challenge, the largest war games in its history. They split soldiers into two teams: 🔵Blue, which was America, and 🔴Red, an unnamed generic Middle Eastern country.
The 🔴Red team was led by retired Marine Corps Lieutenant General Paul K. Van Riper.
The idea behind the games was to see how, not if, the 🔵Blue team would win. In other words, the 🔴Red team was supposed to lose, but General Van Riper didn’t want to lose. So he played to win. He used asymmetric tactics by doing things like using civilian boats instead of military ones, motorcycle couriers and coded messages in mosque towers because their cell phone networks had been hacked.
He launched a massive preemptive strike using a swarm of small boats and cruise missiles, which overwhelmed the 🔵Blue Team’s Aegis defense system. In the simulation, this resulted in the “sinking” of 16 American warships, including an aircraft carrier.
The exercise was supposed to take 14 days. Vin Riper and his team won after day one.
Understandably, the US military was embarrassed because this was supposed to show off all its superior tactics and cutting edge technologies. So, they restarted the exercise and changed the rules to force everyone to follow a script so that the 🔴red team could not win.
The exercise controllers brought the sunken ships back to life, and forced Van Riper to follow a scripted path that ensured a 🔵Blue Team victory.
🔴Red was ordered to turn off certain air defense systems and use regular cellular communications to allow 🔵Blue to destroy them.
🔴Red was also told exactly where to move certain units so 🔵Blue could pretend to find them and neutralise them according to a pre-planned timeline.
Most crucially, Van Riper was forbidden from using the swarming tactics that had been so effective in the opening hours.
The controllers argued that the reset was necessary because the goal of Millennium Challenge 2002 wasn’t just to see who would win, but to test new Network-Centric Warfare concepts. They felt that if the game ended on Day 2, they wouldn’t get to test the rest of their expensive toys. Van Riper, however, argued that testing those toys in a rigged environment provided a false sense of security.
General Van Riper was so angry, he quit the exercise midway and wrote a 21-page recommendation on changes the military had to make to, get around his asymmetric tactics. They ignored the report and said the exercises were a huge success that proved the military doctrine was good.
“It was no longer a free-play exercise... it was a scripted exercise. They had a desired outcome, and they were going to get it.”
— Lt. Gen. Paul Van Riper
24 years later, maybe Von Riper was onto something.

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John Makan أُعيد تغريده

THIS IS SIGMA PRO MAX 🗿
Journalist : How long can Iran sustain the closure of Strait of Hormuz?
Iran Prof 🇮🇷: "Indefinitely" 🔥
Anchor : But it harms your economy?
Iran Prof 🇮🇷: "For Iran this is fight for nation survival, for you it is about Epstien class survival" 🔥
Anchor : Why do you always bring Jeffrey Epstein to the argument? 😭😭
She literally gave up 😂
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@Tu_Quoque_4_U @RealKeithWeiner @MattStirner @RockChartrand They gave the game away with their false categorization of "commodity". No honest regulator would have arrived at that conclusion.
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@BitcoinGambit @RealKeithWeiner @MattStirner @RockChartrand Btc'ers try to define commodity to include relationships with counter party. Pure delusion
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“If money is infinite, why is there poverty?”
Because money isn’t wealth. It’s a claim on wealth.
You can print claims. You can’t print the goods and services those claims are supposed to buy.
Give everyone $10 billion and nothing gets richer. Prices just explode until that “wealth” buys nothing.
Poverty isn’t a shortage of paper.
It’s a shortage of production.
Printing money doesn’t solve that. It hides it for a moment, then makes it worse.
True market Leader@TmarketL
f Money is Infinite, Why Do We Still Have Poverty? | Prof. Jiang Xueqin If money is infinite, why does poverty still exist.
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John Makan أُعيد تغريده

You don't own your stablecoins. Circle and Tether do. And they have a remote kill switch.
Introducing ➡️ stables.rip
I built a real-time tracker for every single blacklist event on Ethereum and TRON. The data is brutal: thousands of addresses frozen, billions of dollars locked.
No trial. No appeals. No recourse.
What’s under the hood:
- Auto-syncs from Etherscan & TronGrid every 30 mins
- Cumulative charts & monthly freeze breakdowns
- Top censored wallets & a live address checker
Built on the same .rip matrix architecture: open, zero tracking, no signup.
If you hold $USDC or $USDT, you need to see this. Welcome to the transparent fiat prison. 🏴☠️

KYC.rip@kyc_rip
Introducing stables.rip -- the on-chain record of stablecoin censorship. Real-time tracking of every USDC and USDT freeze across Ethereum & TRON. Wallet checker, freeze stats, and cumulative supply data. Your stablecoins have a kill switch. See the proof.
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John Makan أُعيد تغريده
John Makan أُعيد تغريده

ICYMI:
Visible #silver inventories tracked by major exchanges from New York to Shanghai are either falling or sitting well below their long-term averages, suggesting metal remains scarce in the broader system. And the market has reason to be worried.
/1 of 2
bloomberg.com/news/articles/…

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@brian_armstrong @markgoodw_in So Bitcoin is the best money, but it will help an inferior money to stay dominant.
Oooookkie.
Sounds like the scam is starting to be revealed. Pay attention.
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Bitcoin is a check and balance on inflation. When spending gets too far out of hand, capital moves to Bitcoin.
Competition benefits customers, and this applies even in the market for money. In this way, Bitcoin will help preserve dollar dominance.
Watcher.Guru@WatcherGuru
JUST IN: 🇺🇸 US national debt reaches new all-time high of $39 trillion.
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@RealKeithWeiner @MattStirner @RockChartrand And for the Bitcoiners,most marketable means most likely to be offered and accepted by the masses. Offered and accepted more than any other good. Something Bitcoin can never achieve as I explain in The Bitcoin Gambit.
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@RockChartrand Currency is a claim on money, which has been dishonored since 1971.
Money is the most marketable commodity.
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John Makan أُعيد تغريده
John Makan أُعيد تغريده
John Makan أُعيد تغريده

Geological arm waving at Anza takes place in a tent as the office block fell down after an earthquake a few months back. Keeps the rain off, but with temps in the mid 30s it can get a bit toasty around mid afternoon.
With another rig arriving tomorrow to start drilling at APTA, we need to double and triple check where the first hole will go. APTA has quite a bit of drilling, close to 39,000m (very little of that by us) and while some of the numbers are amazing, geologically there remain many questions to answer as we feel that much of the old data were either not collected in a fashion that was geologically useful, or were mis interpreted.
This first hole then is largely to test what we think may be going on - what happens after that depends on what this hole shows us. We step out to expand the footprint, we infill to move to MRE, or perhaps both.

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I have never seen such an unnatural looking chart, not even in shitcoins that have no value. This is the chart of the most conductive metal on the planet, a critical and strategic metal, and the most used money of all time.
I would love to see any chart that is more manipulated, daily timeframe #silver

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