Chapter 11 - SubVal
Friday, August 11th, 2023, 12:25 p.m.
I have been reading about Ben Franklin in his autobiography and the money that he talks about is much different. The SubVal of his time was gold and silver coins mainly from scattered sources. The bank of England is the 2nd oldest bank in the world and only second to the Swiss. I picked up that tidbit of knowledge yesterday in the library. I am a very promiscuous reader. I also have a voracious appetite for knowledge and wisdom. My education of “money/subval” is perpetual until I pass on.
I mentioned Ben Franklin because he was a man of good character. He was credit - worthy. There is Subjective Value all around. We can call this aura that Ben Franklin had “street - cred.” He had the integrity to eschew most errors. He does stumble, but he learns from his mistakes and makes recompense when he can. When you serve your fellow man, and you serve them well, they tend to pay you to keep you on the team. :)
SubVal has a way of affecting your psyche. The “Fiat” most of us use today has made our cultures/society sick. We, in America, are choking on decadence!
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Enter Bitcoin! Once you understand Bitcoin, you will start to see lots of other things that make no sense. Taxes are one pretty big fiat derivative. What I mean by that is that without control of the currency, they could not levy near the amount of taxes that they currently do. Inflation is one of the most surreptitious taxes of them all. So the mentality becomes “I better spend it before it loses its value.”
You could write a lot of books on the good or evil of taxes. You would not solve any mysteries. Taxes are just taking from one group of people and giving to another. It is a system of theft by control of force. A “monopoly on violence.” A euphemistic way of saying this is that men/women of power use the financial system to their advantage. This explanation of the lower socio - economic class is despicable to me and I will not let it stand! This is just one of the many reasons that I had to take up writing on a daily basis. The courts and the villains inside them are losing control. The control comes mainly through the SV/money/financial - system. Covid - 1984 was all about control. Control…
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…of the lower classes and the “intellectuals.” Universities adopted “vaccine” mandates just like the military. There is a progression from kindergarten on to indoctrinate you into “the” system. In university, they inculcate you. Your ability to think outside the box goes away by the time your done with all that. Imagination goes By - By! It’s sad. :/ Learn about money by triangulating information. Read books that challenge your brain. Go read about “time preference” in Saifedean Ammous’s book THE BITCOIN STANDARD. You will never look at spending “money” the same way. Value is subjective! My clothes I wear, the car I drive, and the food I eat are all examples of SV that I traded “SV” or value for. You see, I can interchange the words “Subjective Value” w/money. These are “phantasms” that we write down to express what we mean. The words are pegs to hang ideas on. The idea is that SubVal is evolving every day. The “sub/val” or money that Ben Franklin was using in the 1700’s when he was living his life is very different than today’s credit - card infested culture’s form of “SV.” We have wire - transfers, ACH, Venmo, CashApp, and Apple Pay. All will yield to the new railway system. Bitcoin! :)
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