Shocking gaps in Bitcoiners' financial literacy expose alarming misunderstandings of fiat, debt, and hard money.

I've engaged with 100s of accounts replying to my SBR tweets in recent weeks, and I have simply been blown away by how many Bitcoiners I've needed to elucidate on the facts that: fiat sovereigns do not issue debt against collateral, that US govt holding gold or BTC does not make…

— 𝐓𝐗𝐌𝐂 (@TXMCtrades) December 25, 2024

It has been a learning experience for many, at least I hope it has. If we need to shore up our hard asset reserves so badly, we might start by at least valuing our gold at market instead of 1973 prices. 💁‍♂️

— 𝐓𝐗𝐌𝐂 (@TXMCtrades) December 25, 2024

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See also The goal is to run up the debt so ridiculously high that we will all be forced accept a new freedomless financial system as the only path to escape.