pull down to refresh
21 sats \ 12 replies \ @CliffBadger 9 Dec \ parent \ on: Why people are cheering up for El Salvador BTC reserve ? bitcoin
By holding Bitcoin instead of government currency you're avoiding paying for the costs of government spending.
Not really although I do see holding Bitcoin as a protest against the bankers capture of our governments and the debt slavery they seek to place us and our governments under.
Death to the fiat debt slavery bankers cartel:)
Go live somewhere there is no government and practice your lunacy where others will not be harmed- oh but wait... you won't, will you, because you are not insane or suicidal, are you? No, you are just a hypocrit.
reply
I do see holding Bitcoin as a protest against the bankers capture of our governments and the debt slavery they seek to place us and our governments under.
You're saying the government has to be providing a bunch of services to people. How do you expect them to pay for it if you're not buying bonds?
reply
Tax.
reply
Tax alone can't cover the expenses. If you don't invest in their currency or bonds then they'll have no choice but to cut spending.
reply
Not true. China charges extremely low taxes because it operates some large businesses.
Another advantage of the mixed economy model.
Aside from that a responsible government should fund itself entirely from taxes and not become owned by parasitic Jewish bankers - otherwise our great democracies end up tragically compromised and even less capable of competing with Chinas increasingly dominant and productive mixed economy.
reply
A deficit is a deficit. The regime issues debt to cover expenses. The expenses are larger than the tax revenue. It's the same model as the US. The government spends more than it earns from taxes by issuing debt and currency.
reply
Fiat debt slavery is operated by the Jewish bankers to keep us and our governments beholden to their rentseeking usury.
Bitcoin may free us from this tyranny.
reply
Bitcoin may free us from this tyranny.
It did. It's only illegal for civilians in North Korea and the mainland. Everyone else is free to use Bitcoin.