Shortfiat on Nostr: The podcasting world has figured out that western government debt is unsustainable. I ...
The podcasting world has figured out that western government debt is unsustainable.
I was very worried about this 20 years ago. Now I am very bored with it.
Just accept that whatever you think you have in the bank or in financial assets isn't really there. It is a huge game of smoke and mirrors where everything that you think you own, is in fact a derivative that guarantees you nothing.
The money that you think you have saved, has been lent to the government and they have spent it. Some of it on stupid wars, some of it on COVID payouts and some of it on government salaries.
Sadly, this a flaw in democracy. We vote for the government that can most effectively convince us that they can spend our savings forever without consequences.
Self custody bitcoin and physical assets such as gold and land are things that you really own.
Published at
2026-09-03 19:54:41 UTCEvent JSON
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"content": "The podcasting world has figured out that western government debt is unsustainable. \n\nI was very worried about this 20 years ago. Now I am very bored with it.\n\nJust accept that whatever you think you have in the bank or in financial assets isn't really there. It is a huge game of smoke and mirrors where everything that you think you own, is in fact a derivative that guarantees you nothing. \n\nThe money that you think you have saved, has been lent to the government and they have spent it. Some of it on stupid wars, some of it on COVID payouts and some of it on government salaries. \n\nSadly, this a flaw in democracy. We vote for the government that can most effectively convince us that they can spend our savings forever without consequences. \n\nSelf custody bitcoin and physical assets such as gold and land are things that you really own. ",
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