Built by Harland & Wolff and operated by White Star Line to never sink and be the pinnacle of maritime safety.
As we know the hubris caught up to the crew and those on board.
As the legend goes, many of those on board still remained adamant that the ship wasn’t sinking…literally while the ship was going under the waves.
Does this sound familiar?
Sound like any systems we have running today?
The crew believed to their core that nothing could go wrong either.
Ego and hubris sunk that ship.
The ‘good old boys club’ and “not what you know but who you know.”
If you have connections and can get closer to the power teet then you can get away with a lot.
Bitcoin levels the playing field so that only those who create or provide value get ahead.
Unlike the current system; where gambling and connections get you ahead.
The sheer irony in all of this is that people are aghast at how far reaching this FTX disaster is inside of politics and geo-politics, not just in the financial community.
But the fact that this is exactly how the dollar and legacy banking system work.
They are built on a confidence game and Ponzi economics.
The dollar just like the FTT token is backed by confidence.
It’s not actually backed by anything other than the United States demanding tax payments in that currency.
If they didn’t demand (by fiat) that people pay taxes in dollars, the dollar would fall to zero very quickly just like Sam Bankman Fried‘s worthless FTT currency he created out of thin air.
We have a real life example of exactly how fiat government currencies work.
This should scare the daylights out of EVERY holder of government fiat currencies.
The Bretton Woods 3 moment that Zoltan Pozsar talked about in February with the USA taking Russia out of the SWIFT system was the US shooting themslves in the foot.
Felt good for a moment short term but now you have to live with the long term ramifications of every country in the world realizing that at any minute they could be rug-pulled by the reserve currency issuer.
One minute you are in.
Next minute you are frozen out, if the USA doesn’t like something you do.
That put the world on notice and the dollar is on the clock.
This why countries have been buying gold in record amounts this year, since 1967.
Also why Bitcoin adoption continues to surge higher.
It’s not that we will make it for sure.
We might get destroyed on the life raft in the middle of the ocean.
At least we have a chance, though.
We know for sure the Titanic (fiat currencies, America, Dollar, etc.) are sinking and will go down.
That is given.
The time it takes to sink is what deceives people.
Frog in the boiling pot.
Inevitably, we need a way off of the sinking ship to give ourselves a chance to survive.
We need a money that is true, sound, tethered to reality and physics, and hold your wealth over time.
We need a money that cannot be debased and rug-pulled out from under us.
We need a money that is issued by rule and code, not by men who can be bought and sold.
The American empire is sinking and will go down no matter what, but the people, her real asset can be saved, to continue creating new life.
We just need to have faith, jump, and get in that life raft.
Stay strong,
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Author Brandon Gentile
