Good Morning Everyone,
Canadian Politician Pierre Poilievre, gave a powerful speech in the Canadian house of commons last month. It’s so strangely refreshing to hear a politician actually make sense and have a thorough understanding of what they’re talking about, rather than just playing words games, deflecting, blaming and a general avoidance and lack of true intention of actually addressing anything meaningfully. It’s crazy this stands out, and even seems novel in the time of COVID hysteria, but it certainly does. I’ve attached the video below. I urge you to watch it in its entirety, as Pierre gives an excellent explanation of money, as it turns out, inspired by Saifedean’s book “The Bitcoin Standard”.
The speech was predicated on the following:
The government asked parliamentarians to approve another $7+ billion dollar expenditure ($7,000,000,000). Mr Poilievre posed the question to the government officials, the majority of which were from the finance committee. He asked:
“Where does the money come from?”
After minutes of silence, he received the following response:
“The money is within the governments broader macro economic framework, and I cannot speak to that”?
This highlights the parasitic culture of dishonesty (and/or ignorance) that has corrupted governments, certainly Canada’s in this instance, but all around the world, which are built upon an experimental monetary system that is predicated on the same underlying characteristics.
In this example, you and I, and all the free people of a country are the host, and the government is obviously the parasite.
According to the CDC the definition of a parasite is:
“A parasite is an organism that lives on or in a host organism and gets its food from or at the expense of its host.”
The person that responded is either genuinely ignorant and has no idea, in which case the decision to appoint them to a finance committee should be questioned aggressively or; they do not want to answer honestly.
As Pierre clarifies; for those in parliament money comes from 1 of 4 places.
* Taxed (theft)
* “Printed” (Purchases Government Debt)
* Borrowed
* Re-allocated spending from 1 of the above.
Now i’m no expert on the political dynamic of Canada, nor do i have any interest in becoming one. I’m sure Pierre has flaws, as we all do, and no doubt there is an element of political theatre to his speech, but the crust of his message should not taken lightly.
The current monetary system is fundamentally broken. The primary purpose of money, as a technology, is to enable us to transport value across time and space.
This system enables government to steal value from the people of that country through inflation with absolutely no accountability to reality, that is to a world of scarce and finite resources. It enables a level of spending beyond what government actually have at their disposal from the population via taxation.
This system incentivizes government to print money, that is to increase the money supply, as it is politically the most frictionless option in the short term. In the long term however, it leads to catastrophic outcomes. It enables and incentivizes government to grow beyond what is truly necessary, functional and ultimately in the countries best interest, which manifests entirely new higher order problems, many of which we’re seeing in the world around us today.
It is this inflation of the money supply that distorts everything between us, as money is on one level a complex language that communicates and helps us to simplify what is otherwise an extremely complex world. It ultimately leads to major civil unrest and brings out the absolute worst in humans as our systems are corrupted and short circuit as happened famously in Germany in 1933.
Bitcoin is the antidote to this broken system, and thus it’s no surprise that many governments have scrambled as to how to deal with it. Bitcoin allows you to transport value across time and space like nothing else that has ever existed. It will preserve value into the future for hundreds of years and many governments do no want you to be able to do that.
It is with this tool, that the oxygen will be sucked out of the room for these governments that wish to operate in opposition to the interest of the people, and that has the potential to usher in an entirely new paradigm of human co-operation, over time.
It’s never been more critical to get educated and understand what is going on around us. The best tool is to opt-in to the peaceful protest, the open source computer software of the bitcoin network and preserve your wealth across time and space from being inflated away by reckless government actors.
Check out Pierre’s speech, it’s well worth the 20 minutes.
Hope this finds you well, and i look forward to speaking with you tomorrow.
AK
