thebitterdraught retweetledi
When the government tells you:
“We’re in the same boat”
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thebitterdraught
1K posts
thebitterdraught
@bitterdraught
I teach Austrian School Economics in a casual and easy to understand manner. My goal is to be able to teach economic principles to anyone who cares to learn.
USA Katılım Ağustos 2024
74 Takip Edilen991 Takipçiler
Interest payments on US Debt are already nearing $1.3 Trillion. How high do you think the Fed is going to hike rates? 😆
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thebitterdraught retweetledi
Thinking of buying my wife this beautiful paper silver necklace. Should I splurge?
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@bitterdraught OK hear me out. Start posting videos wearing a Rafi Farber mask. That way, when people realize it's the end they'll go after him.
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When silver started going up $5-$10 a day I shut down my channel because I was pretty confident we were about to go through some unbelievable chop.
I immediately started to wonder if I had made the right decision or if I will look like a fool who bailed out way too early. Now I am more confident than ever my timing was impeccable and we are in for some gnarly shit in the very near future.
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@marley41421 I'm going to be teaching a graduate level course in Austrian economics on whatever the internet 3.0 looks like. keep an eye out for me there!
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@bitterdraught Got it, never said you owe a thing, understood. If you've got physical security issues that trumps everything. Good luck to you Phil enjoyed it while it lasted. Take care.
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thebitterdraught retweetledi
Government bonds are getting dumped too (=higher yields).
The banksters may still slam the paper gold price for a while, but in the end physical gold will be the last man standing.
Not IOUs from bankrupt nations.
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@SvgPrg I'm still posting here but I don't really want my face online when people realize they've been swindled and start getting desperate. You might say I'm being a savage pragmatist.
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@bitterdraught At the time we needed you most, you desertrd us. Where are you Bitterman???
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I have physical security concerns to worry about that trump disappointing people online. Sorry but that's the way it is. My channel was not my job and it was free to watch so I owe nothing.
I'm going to do an L&F video in a week or so (probably wont air for a week after that, and I might do a collab with Rafi again. But I really am trying to disappear from the internet, at least visually, as much as I can before the SHTF.
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@bitterdraught Phil, bailing when we all need clear analytical voices like yours is disappointing. Rather get your analysis over some AI that contradicts its points every other video. How about a brief sketch of what you think is happening in the metals for comparison sake?
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@DavidBindelTX Fort Knox not being empty is gold the people definitely do not have, so it's still better that is empty than full. We will find out soon enough who has what. We have to focus on the things we can control or we will be overwhelmed by pessimism.
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@bitterdraught We want the people to have all the money, yes, but Fort Knox being empty does not necessarily imply that the people have it, unfortunately.
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Good! I hope Fort Knox is empty! We do not want the organism of the state to have any money, we want the people to have all the money.
Chris Martenson@chrismartenson
For those who understand the profound importance of the petrodollar to US hegemony, this is truly incendiary news. You are watching a replay of the Suez Canal 1956 moment. The exact wrong thing to do would be to sell gold, which is exactly what the US is doing at the moment.
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Stocks down, gold down, crypto down, bonds down except JPN 10 year
everyone is flooding into the "safety" of Japanese 10 year bonds today
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@swede44146831 I'm coming out of the bunker to go on L&F again in a couple of weeks, keep an eye out for me there.
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@bitterdraught Really enjoy seeing you and Rafi debate. One of my favorite things to watch. Thanks for your perspective
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Ballsy of the Fed not to cut. it will just accelerate the crash though.
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@TexasTruthBombs I should add once that sell off happens, we should see a demand for physical silver that will scare even the haughtiest of silver bulls. but we gotta go through a huge purge first where will look like dumbasses with unwanted shiny rocks.
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@TexasTruthBombs it's a paper sell off and its going to happen. there's something like 300 notes for silver for each real ounce, when people sell off 299 of those notes, silver is going to shit the bed. we have to hold through it, there's nothing else for it.
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youtube.com/watch?v=f_rIcU…
brilliant interview from my friend @RafiFarber . Strong recommend.
YouTube
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thebitterdraught retweetledi
“The police don't prevent crime, they prevent revolution.”
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@DennisPrattFree I'm a libertarian and I'm not very smart though, so checkmate!
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This is the reason why the libertarian movement can only be formed by (on average) high IQ people and why appealing logically to the masses is a losing proposition.
#LibertarianHomeland
Financial Dystopia@financedystop
He explains how to instantly tell if someone can think abstractly
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@Vanillawayfer I didn't say I wouldn't. My goal since the beginning has been to maximize the number of gold and silver holders in the world to minimize the suffering.
Has anyone ever told you you are quite abrasive?
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If you're betting against Elon you're going to love this. He is saying that the GDP of this country will, conservatively, will be 10X what it is today in a decade. One of you will be colossally wrong. My money is on Elon every time. My metal is for insurance. It's not to become Scrooge McDuck, celebrating while people are living on the streets with nothing to eat. You WILL suffer along with them. We all will in your forecast
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This is a fundamental misunderstanding of what money is.
Money is the most liquid physical commodity in a market, nothing else. In the modern global system, gold is money. While gold will probably stay money forever, it doesn't necessarily have to, but it can only be supplanted by another physical commodity.
Energy will not replace gold as money, algorithims will not replace gold as money. Fiat currencies will not replace gold as money (except when they run a ponzi scheme on us which is blowing up in our faces catastrophically).
Pretending that which is not, and cannot be money is not helpful. It only leads people to further confusion and leaves them ill equipped for the abrupt and brutal return to an honest gold standard which is before us.
Dustin@r0ck3t23
Elon Musk just described the terminal state of the global financial system. The banking sector is obsessed with fiat currency. Superintelligence won’t even recognize it. Musk: “I think money will stop being relevant at some point in the future. I think the AI will not use human currency. It will just care about power and mass, wattage and tonnage.” You can’t bribe an algorithm with digital dollars. The operators controlling the next era won’t be the ones hoarding cash. They’ll be the ones commanding raw energy generation and physical material. The global economy is transitioning from fiat to thermodynamics. If your portfolio isn’t anchored in power and mass, your capital is already obsolete. Musk: “It just represents some percentage ownership in companies that I’ve built. And it’s not like sitting in a bank account. It’s just literally I own a percentage of companies. The companies are doing lots of useful things.” The general public thinks billionaires hoard massive piles of cash in a vault. They don’t. Massive wealth is the mathematical byproduct of owning infrastructure that keeps civilization running. Cash sitting in an account is a depreciating liability. The only real leverage is equity in systems that are actively solving bottlenecks at scale. Capital sitting idle isn’t safe. It’s bleeding. Peter Diamandis: “Elon’s driven to solve problems. He’s driven to make life in the world better by just solving the biggest problems over and over and over again. And if someone else were solving them, he wouldn’t need to. But no one else is solving them.” You don’t achieve trillion-dollar scale by optimizing for a higher salary. You achieve it by hunting the largest friction points on the planet and engineering them out of existence. The market doesn’t compensate you for your time. It compensates you in direct proportion to the size of the problem you delete from the board. Don’t build a company to extract money. Accumulate resources to fund the execution loop until the friction is completely gone. And once AI measures value purely in physics, the entire concept of wealth as we understand it evaporates. Who controls the energy. Who controls the materials. Who controls the infrastructure. Everything else is just numbers on a screen.
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