Hi All,
The FED recently came out with a pretty damning paper on Bitcoin as it relates to the U.S. government's budget deficits and bitcoin. Essentially they were saying if Bitcoin does its thing, the U.S. government won't be able to run budget deficits anymore.
Essentially, the government is proposing a ban or a high tax, because they want to keep the power of the money printer and don't want to run balanced budgets, or budget surpluses!
In this podcast, I go over the following important topics, namely:
- FED and ECB came out with whitepapers recently going against Bitcoin heavily
- Feds paper was about how bitcoin will make it so that the U.S. can’t have deficits anymore
- Historically bonds were a great avenue to invest to get near risk-free yield and it allowed the government to borrow in perpetuity
- A new game came around called Bitcoin, and now the government can’t borrow nonstop anymore
- As Bitcoin continues to outperform, people will stop buying the government IOUs(Bonds)
- People will allocate to Bitcoin instead of bonds, making it so the government can’t fester
- They essentially came up with two outcomes that they need to either Ban Bitcoin
- Tax Bitcoin and make it less attractive by taking some of the winnings whenever someone plays
- Banning Bitcoin will hurt the USA and make it impossible to get ahead fiscally
- Famous saying you can’t ban others from Bitcoin, you can only ban yourself from Bitcoin
- Look at China as a perfect example
- The government wants to keep the money game going by its rules, and with Bitcoin they can’t control it
- They are sewing the seeds now in case they come out against Bitcoin & self custody
I hope you all enjoyed this one! Please be sure to stand up for freedom money, Bitcoin & the right for us to not get taxed without representation!
Best Regards,
SatsMate
Referral to Stacker News: Circular economy with bitcoin discussions involved! https://stacker.news/r/SatsMate
Primary Bitcoin Buys Through Strike: The primary place I go to buy Bitcoin. https://invite.strike.me/2MSTYG
Secondary Bitcoin Buys Through Fold: A nice exchange w/ rewards & bitcoin buys.
https://use.foldapp.com/r/HTFKVY9L
Browser Extension Slice: Earn Satoshis for ads and surveys you browse.
https://addslice.com/?crew=f5n2V5EI
Lolli Rewards: Earn sats by using a linked card at participating vendors https://lolli.com/share/PQFAMM
https://zbd.gg/GalmaDuFria This is my personal QR code. It allows anyone to send me Bitcoin and messages directly to my ZEBEDEE. lnurl1dp68gurn8ghj7ctsdyh85etzv4jx2efwd9hj7a3s9aex2ut4v4ehgttnw3shg6tr943ksctjvajhxtmpxuurjcmxxvuz6wf58q6z6drpv5uj6c3jvy6z6epexe3ryd3kxe3kvcnr7y2uzj
Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision
Youtube: SatsMate
X: SatsMate
Instagram: SatsMates
website: https://satsmate.wordpress.com/