How Bitcoin Fixes Big Government
Join Bitcoin University Premium:
https://www.bitcoinuniversity.com
In this video, I discuss how Bitcoin fixes big government and its overreach by helping to defund it and normalize its size vs the overall economy.
When government is too big, everything becomes politicized, as people seek to weaponize the government against their enemies or use it as a slush fund for their business.
Under a Bitcoin standard, governments will need to persuade or force you (easier said than done) to give them some Bitcoin to fund their operations.
If the government wants to "print up some more BTC," it will need to mine like everyone else. It won't be able to just print up fiat and steal from savers through a stealth inflation tax.
Bitcoin fixes government overreach by defunding it. If the people decide that something is worth doing it, they will choose to fund it. Bureaucrats won't be able to fund non-economically smart projects (like renewables or forever wars) by diluting savers through money printing.
The size of government and its oversized impact on the economy will shrink. No longer will every fight or quarrel be escalated to the political level, simply because there won't be enough money at the political level to weaponize the US government against your enemies.
Not investment advice! Consult a financial advisor.
US gov spending as % of GDP:
https://fred.stlouisfed.org/series/FYONGDA188S
Agriculture Subsidies and Their Influence on the Composition of U.S. Food Supply and Consumption:
https://www.americanactionforum.org/research/primer-agriculture-subsidies-and-their-influence-on-the-composition-of-u-s-food-supply-and-consumption/
Food pyramid:
https://en.wikipedia.org/wiki/Food_pyramid_(nutrition)
Maggie De Block:
https://en.wikipedia.org/wiki/Maggie_De_Block
Saif on fiat gov funding and renewables:
https://twitter.com/saifedean/status/1688775239059046400
Financial costs of the war on terror:
https://www.brown.edu/news/2021-09-01/costsofwar
https://watson.brown.edu/costsofwar/figures/2021/BudgetaryCosts
US debt clock:
https://www.usdebtclock.org/
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#government
#fiat
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.
-
9:40
Matthew Kratter's Bitcoin University
10 months agoAmazing News For Bitcoin Mining (Ocean)
1.5K18 -
LIVE
CookieCraverGamer
3 hours agoCleaning Up The Companies Mistakes
68 watching -
LIVE
Glenn Greenwald
46 minutes agoSYSTEM UPDATE FLASHBACK: Exposing Free Speeech and Pro-Democracy Frauds
2,274 watching -
11:59
Jamesons Travels
1 day ago $0.13 earnedMarine Intentionally Injures Himself to Get Out Fights for Ukraine
761 -
1:29:54
Donald Trump Jr.
7 hours agoMcMaga: We’re Lovin’ it, Plus “Bulletproof” Author Jack Posobiec | TRIGGERED Ep.183
30.4K116 -
LIVE
WeAreChange
2 hours agoLegacy Media DESTROYS ITSELF While Trying To Take Out Trump!
1,995 watching -
53:46
Kimberly Guilfoyle
6 hours agoDonald Trump’s Most Iconic Moment Yet? Live with Dinesh D’Souza & David Bossie | Ep. 167
27K33 -
LIVE
Sarah Westall
2 hours agoAre you being Duped? Woke Right vs Woke Left, Infiltration & Operations w/ James Lindsey
352 watching -
LIVE
2 MIKES LIVE
2 hours ago2 MIKES LIVE #132 Deep Dive Monday with Special Guest BIANCA DE LA GARZA!
246 watching -
LIVE
Exploring With Nug
6 hours agoPolice Refuse To Let Others HELP Investigate Missing Person Randy Leach!
196 watching