Back to Basics: The Ills of Central Banking

Brush up on why we’re here in the first place.

Marty’s Bent

It’s always good to get back to basics to remind yourself why bitcoin is important from a first principles perspective. The Mises Institute has provided the world with an incredible short documentary, Playing With Fire, that eloquently describes the issue that central banks and governments drunk on debt create for the global economy. I highly recommend you take the time to watch the 40-minute dismantling of central banks and pass it along to your friends and family.

One of the interesting aspects of this short doc is the fact that many of the individuals being interviewed identify COVID lock downs as a symptom of the need for the Fed to print more money as opposed to a symptom of trying to stop the spread. Something to bookmark and come back to when we hopefully figure out exactly what happened between 2020-2021.

Another reason to watch this documentary is to remind yourself that the systemic problems that have existed in the economy since the inception of the Federal Reserve and, more acutely, since 2008 are still very much alive and well within the system. The nature of the dollar system is such that the Federal Reserve and the Treasury will have to expand the monetary base inevitably and at all costs to paper over the cataclysmic losses that will ultimately manifest via the hyper-leveraged and financialized global economy.

Most importantly, central banking is an objectively immoral practice that benefits a very select few at the extreme detriment of the masses. The Common Man will never be able to truly succeed unless the scourge of central banking is removed from his life. Luckily, bitcoin is here to surgically remove central banks from the equation.

Industry Insider Reveals “Mind-Boggling” Physical Gold Movements

In my recent conversation with Josh Phair, founder of Scottsdale Mint, he revealed incredible insights into unprecedented gold flows entering the United States. According to Phair, around February, he witnessed “insane amounts” of physical gold being shipped to America—volumes so massive that no single private entity could coordinate such movement. This institutional-level flow has disrupted traditional settlement processes at the Bank of England and other global gold hubs.

“This amount of gold—no one on their own can move this amount. And it was mind-boggling.” – Josh Phair

The most compelling evidence of this unusual activity, as Phair explained, is found in the Exchange for Physical (EFP) premium, which has skyrocketed to $15-65 per ounce for gold, compared to the pennies typically seen. These premiums indicate extraordinary demand and logistical pressure. While retail investors remain relatively quiet in gold markets, these massive institutional movements suggest significant realignment in global monetary positioning that bears watching closely.

TLDR: Unprecedented gold flows to US signal major monetary shifts ahead

Check out the full podcast here for more on gold market manipulation, Trump’s potential monetary reset strategy, and why Bitcoin enthusiasts shouldn’t dismiss physical gold’s importance in the coming financial transition.

Headlines of the Day

OpenSats Announces 10th Wave of Bitcoin Grants for Dev Orgs – via NobsBitcoin

MicroStrategy Launches $STRF for Bitcoin Purchases – Via X

Xapo Launches Bitcoin Loans – Via X

Bitcoin Outperforms All Assets Post-Election Despite Pullback – Via X

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Final thought…

Need to get better at TV appearances.

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