A World Without Custodial Banks: 2 of 2
A world of limited government spending, enforced by your veto power.
As promised here is part 2 of our 2 part article.
If you missed last weeks, you can link to it here and read it first, or just read it again together with this one.
Enjoy :-)
RECLAIM YOUR VETO
You see, it’s not necessarily that the money is broken, per se.
It’s that the custodians are broken, and the custodians are broken because they lend out all of your money that you give them to custody.
Of course, you don’t know this is going on. Nobody does.
And in this blanket of darkness, the silent banker/government partnership has taken your financial veto power away from you.
Historically, prior to 1913, when the government wanted to raise money for some initiative, they had to ask you, the public, to lend them money, and if you didn’t buy their bonds, bills, treasuries, or whatever you want to call their debts, then they didn’t get the financing to pursue their initiative.
This was historically the public check on unwanted government spending, the publics financial veto power. The government was historically constrained from spending only what the public would lend them.
You are never taught this but this is actually the biggest, and for all intents and purposes, the only check that is placed on government. The traditional executive, legislative, and judicial checks that you are taught by your state funded schools is a farce. At the end of the day, there is those that work for the state on one side of power, and those that don’t on the other side of power. Historically, the separation of powers had always been between the governments and the people.
If the people didn’t want the government to do something, they would not finance it. The governments could try to raise tax, but then they would get voted out of office. So historically, prior to 1913 anyway, the public was able to financially restrain their governments from bureaucratic bloat and misguided capital investments, simply by not buying their debts.
However, since 1913, that dynamic has changed.
Once the central banking/third party custodial system partnered with the government, not only in the US, but around the world, the public check on government spending has been decidedly circumvented.
Now, when the government needs financing for some retarded operation of theirs, they no longer need to raise your taxes directly, or request directly to you that you buy their debts to fund their operation.
Instead, what is taking place is that you are already automatically buying their debts, indirectly, through the third party custodianship of your money with the banks. Through this custodianship relationship you are unwittingly lending to them.
Oh, and by the way, your lending is unsecured and you receive no compensation.
Congratulations.
Through the lending of your money, through the unsecured and uncompensated financing you offer them, they pay themselves and their friends newly created money.
They then take that newly created money and (1) buy themselves nice things with it, (2) fund “uneconomical projects” (think trans rights on Easter Sunday for example), and (3) fund whomever or whatever is needed to ensure their system of “yield farming” from you dumb peasants continues on, into perpetuity.
In other words, if everyone in the world decided to pull all of their “money”, all of their custodied monetary assets from the banking system, all of their stocks, their gold backed ETF’s, their bitcoin backed ETF’s, their municipal bonds, their pensions, etc., if all of that third party custodied “money” went into a self custodied money, like physical gold or bitcoin, the ability of the banking class, which includes the governments and multinational corporations, to finance themselves and their life styles, and their pet projects, and the gas lighting of their system, that would all cease to exist by the end of the day.
DO YOU UNDERSTAND!!??
You see, it isn’t that the money is broken, it’s that the custodians are robbing us all blind and imposing insane pet projects upon us all through that robbery, and ensuring the system continues on indefinitely with epic gaslighting initiatives.
What is actually broken is the custodianship of money. And the broken custodianship creates a world of politicians gone wild. Where we have lost our ability to veto their retarded spending. A world where insane pet projects like funding an Israeli state at the expense of legitimate Palestinian property rights, is not only allowed, but celebrated. A world where insane pet projects like multi billion dollar mandatory flu vaccines can shut down the entire planet. A world that funds the deadly belief that there is no objective reality, that boys can be girls, and girls can be cats, that building a strong family is a mundane trivial act for the poors.
When a small group of people have access to a seemingly unlimited amount of funding, from the people that they are allegedly protecting, reality gets horrifically distorted.
Here’s how — Megalomaniacs, psychopathic lunatics, and psychotic narcissists rise up to the top of the controls, creating a dystopia of chaos, untethered from reality, untethered from actual economic costs, and wreaking havoc on those that must contend with reality, on those that must actually conduct real labor for their money.
The asylum inmate lizards manage their uneconomic delusions of grandeur behind a veil of technological abundance.
TECHNOLOGY IS DEFLATIONARY - PART TWO
The theft is all too real unfortunately.
And it is all made possible by hiding in plain sight simply because of the colossal amount of efficiencies in productive capacity that technology, that human innovations — that you and I, dear reader, with our blood sweat and tears — have provided the world.
But rather than all of those technological advancements accruing to us creators, to the wage earners that built it, allowing us masses of society to go from 40 hour work weeks to 4 hour work weeks, it has sent the masses from 40 hour work weeks to 80 hour work weeks with both spouses working. Nearly all of the technological profits, nearly all of the productive capacity earned by us wage slaves is funneled into the hands of the demonic lizards that designed the system and keep it limping along.
The cheap big screen TV’s and on demand same day shipping is only a small fraction of the massive technological profits, and this sliver of gain hides the full picture, that the lizards syphon effectively all of the productive gains the masses generate through the custodial monetary system, from the peasants’ assets held with the custodians, and into the money printing they hand out to themselves.
In short, you, Mr. western man, you Mr. developed nation man, have all of these insignificant material gains in your life, but all the while your physical health, mental health, and familial health deteriorate, year by year, as you continue to work more and more, on an endless Sisyphean treadmill, operated by midwit thieves, thinking they, and you, are somehow making life better with your efforts.
It is ultra violence, and it is pure evil.
The world is broken because the money is broken.
The money is broken because the custodianship is broken.
And the custodianship is broken because the money can’t be effectively self custodied, and this incentivizes fraudulent custodians, and a corrupt class of politicians and multinational organizations that will do whatever is needed to keep their reallocation system going on forever.
You are simply not allowed to keep the fruits of your labor so long as you use their third party custodian system.
The purchasing power of your earnings is aggressively reallocated from your checking accounts, from your savings accounts, from your retirement accounts, and from your brokerage accounts, into the accounts of the small groups of people that run this massive shitcoin clown world scam.
And the people that run this scam, either directly or indirectly, includes the politicians you vote harder for, the shareholders of the company’s products you can’t get enough of, the sports owners of the sport-ball teams you can’t watch enough of, the media mogul owners of the news you can’t stopping consuming, the administrators of the colleges that you are vying to get your children accepted into, and on and on and on across all aspects of your life.
They are all complicit.
This is Fiatnam.
You see, the entire system is designed around this third party custodial system for your money. Why do you think they don’t like self custodied, bitcoin. Duh! Lol.
The third party custodial system is what the military protects, the police protect, the politicians protect, the academic institutions protect, the media protects, the non government international entities protect, and all multinational corporations protect. This system lines the pockets of the owners of all of these organizations, at your expense.
The heart of their system is the third party custodian.
This mechanism is the primary source of 99% of the problems you deal with in your world, because this system enables a reallocation of 99% of your purchasing power, a theft hidden behind the 1% of technological gains enhancing your standard of living that you are allowed to enjoy. That is what is broken in the world today, the 99% invisible theft.
KICK YOU WHEN YOU ARE DOWN
But it is in fact even worse than simple theft of all of your work.
What the third party custodian model does is it shifts the importance of how each of us individually spend the units of our money to how small groups of other people focus their spending of all of our stolen purchasing power on their specific pet projects.
This dilutes the signal of what the masses are asking the market for and massively enhances the signal of what the lizard thieves want the market to provide.
This is why there is such a disconnect in the economic markets and why none of the poors are satisfied, why they feel like their voices are not heard, because they are drowned out by other people focusing their purchasing power, through monetary inflation, enabled by third party custodians, on other goods and services that the poors are not asking for.
So not only are you stupid peasants getting robbed in broad daylight through these custodians, they are also buying stuff with your money that you would never buy in the first place, and lastly, they are gaslighting you into believing you are too stupid to understand that the stuff they are buying with your money is better for you.
In other words, first they rob you, then they punch you in the face by buying what you don’t want, and lastly they piss on you while you’re laying knocked out in the mud by convincing you that what they spent your money on is actually good for you.
Congratulations, losers.
Oh but wait, there’s more!
Apparently you asked for all of this.
In the terms and conditions of everyone of those accounts that you have is language that includes that those “custodians” can do whatever they wish with your funds. This is why bank runs happen. This is why banks fail. The banks don’t have any of your money or any of your stocks, or any of your gold or any of your bitcoin.
They never do.
As soon as you give them your money or your stocks or whatever it is of monetary value that you entrust with them, they immediately lend it out to other people, without paying you for it, and without your consent.
But as far as they are concerned, you consented to it, because it was in the pages and pages of lawyer speak fine print terms and conditions, that you implicitly signed up for when you gave them your money.
Let me be clear —
Putting your monetary assets in the custody of the banking system for safe keeping is like putting your wife in the custody of your neighbors bed every night for safe keeping. You fucking morons.
A SELF CUSTODY INNOVATION
Now that you know how the banking system works, you now know that what you need is a self custodial banking system, a banking system that retains your purchasing power for you, and a banking system that only you have full control over, allowing only you to utilize that purchasing power when and how you see fit.
Recall from part 1, banks don’t actually have physical cash or stocks or pension money, it is all just numbers in a computer record, a digital ledger of who “owns” what. And when you “transmit money” in the custodial system to someone, it is nothing more than one bank sending a text message to another bank to increase the balance on their books by such and such an amount.
Essentially, the financial system is nothing more than a closed source, permissioned tally sheet that is updated with censorable text messages, that they charge you to use, Monday through Friday, from 9am to 5pm.
It’s truly incredible that the managers of this closed text messaging system have the gumption to harass you if you try to send a wire of your money, when it is literally nothing more than a text message they are sending on your behalf. The gaslighting is so far off the charts it’s nearly incomprehensible. Genuinely spectacular work by these criminals. Bravo.
Fortunately, because of the simplicity of the third party custodial system, to turn that system into a non custodial banking system or a self custodial banking system, whatever you prefer to call it, all we need to do is duplicate their system, but make it open source, and make it a permissionless tally sheet, one that can be updated with uncensorable text messages, 24/7, everyday of the year, by anyone. Not one that some third party controls, but rather one that each of us can control on our own terms and conditions.
Oh and by the way, that is in fact precisely all that bitcoin is.
It’s actually rather simple in it’s mandate, much as the conventional custodial system is rather simple in terms of its mechanics, once you understand the underlying function.
Oh, and there are only 21 million bitcoin floating around this open source permissionless network. It has a fixed supply. So as more people leave the broken world of third party custodial wife swapping, for the fixed world of self custody with a fixed money supply, those 21 million bitcoin become more and more valuable over time, for all of time.
Oh, and rather than needing a murderous and destructive energy wasting standing army to maintain the closed source ledger order of the third party corrupted custodial system, there is just some harmless random computers all over the planet, sucking up wasted energy, and incentivizing cheaper energy for everyone that maintains the order of the open source ledgers of the self custodial bitcoin system.
So yeah, it’s 2024 peasants, and you’re still super early. You’ve got NPC university grads booing the Earth shaking bitcoin invention, and you can still buy bitcoin with worthless fiat money, and the entire 21 million bitcoin hasn’t even been distributed yet which wont occur until the year 2140. You’ve got another 120 years before the initial startup is complete. Trust me you’re still early.
And even better, you don’t need to trust me. The system is open source, you can verify all of this yourself!
AMAZING.
There is still plenty of time that you can be part of the early majority 20 percenters, if you can humble yourself just a little bit, do some actual research, maybe read a fucking book or two, and get your hands on some of that oh so sweet self custodied bitcoin, you know, just in case it does catch on, you stupid brainwashed peasants!
Fear is the mind killer.
Transend the bullshit.
Harness the eternal fire inside yourself and become legend.
For what you do in this life echoes in eternity.
Become the change.
Cheers!
Just great writing with excellent content 😊💥👍!