Celebrate the Wretched Money Hoarders

Refuting the idiocy of clown worlds underpinnings

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THE PATHS WE PAVE TO HELL

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Before Democracy ruled the peasants of the world, the Christians had their fun.

Surprisingly, or maybe not so surprisingly, both Democracy and Christianity operate within a similar regulatory framework in regards to the ownership of money.

Thinking from first principles, this makes a lot of sense given that people more or less have similar wants, needs, desires, and ambitions, whether they are democratic peasants of the modern world or theological peasants of a past world.

Logically speaking, if one was interested in most effectively controlling large populations of humans, it would be advantageous to apply the same tried and true methodologies that previous oppressors utilized to lord over their populaces.

And the secret sauce over the last few thousands of years?

Simple, keep the peasants impoverished!

The Christians imposed the following guilt trip regulation upon any potential would be money hoarding peasant looking to better his lot in life:

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

— Timothy, 6:10, King James Version

On its face, this verse sounds reasonable. And, well, that’s the point. If you’re going to gas light your peasant population, you better make it believable.

It can be challenging to parse through the lie to truly understand this verse.

So we need to reach some agreed upon definitions for love, and for evil if we are going to make any headway in that propagandized programmed little peasant brain of yours.

Don’t worry, I was once blind too.

Let’s agree to briefly define these words as follows:

• love: the highest of ones values, to act without any conditions

• evil: action that did, does, or would harm society

We can apply these definitions in a simple sentence that we can all agree with, as a baseline for analysis. For example: “I love money so much that I am an evil person, willing to kill my local banker to steal more money for myself.”

You see, here is the lie, it’s not the love for money, that allowed this person to commit evil. It’s simply that he broke the one cardinal rule of Christianity, thou shall not steal. Through murder, a life was stolen, and through stealing the money, the cardinal rule was also broken. So long as one does not commit theft, to love money is to support the base layer of human flourishing.

Ok, let’s stop there for now and jump from the distant past of theological peasants, to the not so distant past of democratic peasants, and see how our current democratic overlords applied the same gas lighting to our great grandfathers to start us out on this modern clown world path we are on…

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TIMOTHY 6:10, PART 2

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The year was 1933, the United States of America was well on it’s way to establishing its position as a superpower of the world. And what regulation did the US Democracy lay upon it’s peasant populace?

I…hereby prohibit the hoarding of gold…the term "hoarding" means the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade…Whoever willfully violates any provision of…these regulations…may be fined not more than $10,000, or…imprisoned for not more than ten years, or both.

— Executive Order 6:10, Part 2, President Roosevelt Edition

Following the theological self appointed overlords methods with their 6:10 regulation, its obvious in hindsight that the self appointed democratic overlords would update regulation 6:10 two millennia later, rebranding it their own, hidden of course in plain sight as executive order 6102. But those with eyes can see it as 6:10 Part 2.

Notice the similarities in the original and updated 6:10 regulations. Both have a decree; don’t love money, don’t hoard money. Both have warnings; don’t stray from this faith, don’t stray from this regulation. And both have punishments for disobeying; doing so will result in many sorrows, doing so will result in many years in prison.

Their the same picture. Lol.

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DISABLING HOARDING IS THE TRUE EVIL

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I too once thought seeking profits was an evil greedy capitalistic pursuit. I too thought that price gouging on vital goods in times of crises was an evil crime. I too was taught and believed money is the root of all evil. You might not be aware but the mainstream brain washing is strong and runs deep for many many generations.

Here is the line of horse shit our overlords at the Federal Reserve sing to us about the 1929 great depression — from their dumpster fire of an article entitled Banking Panics of 1930-31:

The crises also generated deflation because they convinced bankers to accumulate reserves and the public to hoard cash. Hoarding reduced the proportion of the monetary base deposited in banks. Accumulating reserves reduced the proportion of deposits that banks loaned out.

Yes, “hoarding” reduced the “base” but that’s not the point! People were simply taking back possession of their money, people were responsibly applying self custody to their gold once again, and not letting the bankers non-consensually lend it out any more. That’s not a bad thing, it’s the prudent thing to do.

The gas lighting is so strong.

Together, hoarding and accumulating reduced the supply of money, particularly the amount of money in checking accounts, which at the time were the principal means of payment for goods and services. As the stock of money declined, the prices of goods necessarily followed.

Deflation harmed the economy in many ways. Deflation forced banks, firms, and debtors into bankruptcy; distorted economic decision-making; reduced consumption; and increased unemployment.

This line of logic is like telling your five year old child that the reason he has no presents this year for his birthday is not because his parents made bad decisions and maxed out their credit cards and drained their bank accounts partying for the last twelve months, but because the bank refused to increase their credit limit and lend them more money, as if that is somehow the fault of the banks. Absolute clown world logic.

Obviously, leading up to the Great Depression, the banks lent too much out of depositors money, creating the price bubble, and kept too little reserves, and this all occurred because people willingly left their gold with the banks, because it was convenient, because gold is heavy and not easy to self custody or to send peer to peer over distances beyond arms reach.

What do think is gonna happen if you leave your gold at the bankers house for ten years and never ask for any of it? Yeah, it’s gonna get lent out if the banker can get away with it, and pretty soon, there is none left to lend, and the bubble bursts. Like it always does, just like FTX, Celsius, or Silicon Valley Bank, because you, the unsecured creditor, unwittingly lent out your money to the banker, and because the banker did what he wanted with your money.

You both played yourselves and you both should lose, not anybody else.

But that’s not how our clown world worked with gold.

The gold standard transmitted deflation to other industrial nations, which contributed to financial crises in those countries, and reflected back onto the United States, exacerbating a deflationary feedback loop.

The deflation ended with the Bank Holiday of 1933 and the Roosevelt administration’s recovery programs.

The gold standard proved to be a bad money in a ever increasing world of global trade. And the Roosevelt “Bank Holiday” was Democracies way of socializing the bad decisions made by the bankers and their depositors.

Rather than allowing the natural order of things, allowing the prudent well intended individuals to “hoard” their money, the United States signaled to the world, were gonna screw the masses, we’re going to socialize bad decisions, and privatize good decisions.

It was a momentous new course set by the United States. One that would inevitably be reversed by an unforeseen hero, in 2009 with his reversal of Roosevelt’s 6:10 version 2.

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REVERSING 6102 WITH 2016 BLOCKS OF DIFFICULTY

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If gold were a non physical thing, if it were a digital thing, something that could be transferred peer to peer, without permission, and without censorship, President Roosevelt would have never been able to enforce his gold confiscation order. The gold hoarders would have had no need to keep their money stored with the banks in the first place, since the main purpose of the banks is money transfers and gold storage.

If gold were digital and could be transferred peer to peer, and easy to safely and securely self custody, there wouldn’t have been any need for the banks storage and transfer services in the first place, so their wouldn’t have been too much fractionalized lending possible to have caused the systemic bubble to materialize in the first place.

Satoshi has a nice comment about Bitcoin, comparing it to gold in an August 2010 post:

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:

• boring grey in colour

• not a good conductor of electricity

• not particularly strong, but not ductile or easily malleable either

• not useful for any practical or ornamental purpose

and one special, magical property:

• can be transported over a communications channel

If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.

With Bitcoin, Satoshi has rescinded Roosevelt’s executive order, declaring unto all free and sovereign individuals of the world, for those that voluntarily seek to hoard the bitcoin, let it be know that:

const unsigned int nTargetTimespan = 14 * 24 * 60 * 60; // two weeks
const unsigned int nTargetSpacing = 10 * 60;
const unsigned int nInterval = nTargetTimespan / nTargetSpacing;

— Source Forge 2106, Satoshi Nakamoto edition

And so it began, in the year of our lord 2009, on this Planet Earth, from this day forth, all men shall be free to hoard the corn, and in so doing lay upon this good green land, the foundations of a sufficiently capitalized new monetary system, for the centuries and millennia to come, where losses are once again restored to their proper home, within from whence they came.

It is vital to love a good money. For a good money incentivizes good outcomes for all of society. Had our great grandfathers been taught that the root of evil is to not love and unconditionally fight for a sound money, we may still be on the gold standard.

But gold proved unworthy of our love, for it was not perfected money. And fiat is truly an evil money that we should have no love for. However, Bitcoin is a money worthy of our love, for it holds the necessary attributes to incentivize goodness and greatness throughout the world for many millennia to come.

And so it goes, that Satoshi Nakamoto declared January 3, 2009, from this day forth, with a decentralized voluntary union, we shall reverse the well intended missteps of 6:10 and 6:10 Part 2, with every 2016 blocks that pass, and forevermore celebrate the wretched money hoarders!