8 months ago

Join Bitcoin University Premium:
https://www.bitcoinuniversity.com

In this video, I discuss how Bitcoin fixes big government and its overreach by helping to defund it and normalize its size vs the overall economy.

When government is too big, everything becomes politicized, as people seek to weaponize the government against their enemies or use it as a slush fund for their business.

Under a Bitcoin standard, governments will need to persuade or force you (easier said than done) to give them some Bitcoin to fund their operations.

If the government wants to "print up some more BTC," it will need to mine like everyone else. It won't be able to just print up fiat and steal from savers through a stealth inflation tax.

Bitcoin fixes government overreach by defunding it. If the people decide that something is worth doing it, they will choose to fund it. Bureaucrats won't be able to fund non-economically smart projects (like renewables or forever wars) by diluting savers through money printing.

The size of government and its oversized impact on the economy will shrink. No longer will every fight or quarrel be escalated to the political level, simply because there won't be enough money at the political level to weaponize the US government against your enemies.

Not investment advice! Consult a financial advisor.

US gov spending as % of GDP:
https://fred.stlouisfed.org/series/FYONGDA188S

Agriculture Subsidies and Their Influence on the Composition of U.S. Food Supply and Consumption:
https://www.americanactionforum.org/research/primer-agriculture-subsidies-and-their-influence-on-the-composition-of-u-s-food-supply-and-consumption/

Food pyramid:
https://en.wikipedia.org/wiki/Food_pyramid_(nutrition)

Maggie De Block:
https://en.wikipedia.org/wiki/Maggie_De_Block

Saif on fiat gov funding and renewables:
https://twitter.com/saifedean/status/1688775239059046400

Financial costs of the war on terror:
https://www.brown.edu/news/2021-09-01/costsofwar
https://watson.brown.edu/costsofwar/figures/2021/BudgetaryCosts

US debt clock:
https://www.usdebtclock.org/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#government
#fiat

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.

Loading comments...