Might Makes Money

Luke Burgess believes “money is whatever you can pay your taxes with.” Market analyst Christian DeHaemer agrees with this sentiment and takes it a step further, asserting that money is the right of power, and all power ultimately derives from the military. Luke Burgess believes “money is whatever you can pay your taxes with.” Market analyst Christian DeHaemer agrees with this sentiment and takes it a step further, asserting that money is the right of power, and all power ultimately derives from the military. [Energy and Capital logo] Might Makes Money [Christian DeHaemer Photo] By [Christian DeHaemer]( Written Apr 13, 2021 Milton Friedman famously said, “Inflation is always and everywhere a monetary phenomenon.” This idea has generally been regarded as bad ever since. Recently the nabobs at the Federal Reserve thought so poorly of it that they decided to stop producing reports of M1 and M2 money supply every week and will now produce them every month instead. Of course, it is in the Fed’s interest to not report its constantly expanding money supply. And so, like a good bureaucrat, it's dropping the reporting bit by bit. Perhaps it is right. What is money anyway? A little after 6:00 this morning, our resident gold bug, Luke Burgess, Slacked me with this bit of knowledge: [Money] "In the first edition of the Encyclopedia Britannica, dated 1768, money is defined thusly... "'A piece of matter, commonly metal, to which public authority has affixed a certain value to serve as a medium in commerce.'" One SECRET Company to Buy Now At this moment, we are witnessing the next great technological shift. It will change the world as we know it... Because nearly every single gadget you own is going to be completely obsolete in a matter of months. I’ve uncovered the company that’s secretly pulling the strings through this whole development. [Click here and get the full report before it’s too late.]( Bits Don't Matter This was interesting. “The piece of matter” was the relevant idea. Is Bitcoin matter? Does it have mass and take up space? According to Brett Selph at Quora, the answer is no. He writes: If by "bit" you mean a binary digit in the conceptual or mathematical sense, the answer is an absolute No. If you mean bits stored on a physical device, the simplest approximate answer would still be "no" — neither bits nor bytes have mass in any "uniform" or conventional sense. However, in the strictest sense, "bits have no mass" isn't EVER true of physically stored bits, because all erasable storage devices, whether magnetic or capacitative, undergo a slight physical rearrangement of either electrical charges or magnetic orientations when bits are stored. So neither bits, bytes, nor Bitcoin are matter except when stored. Therefore, by the definition of money from 1768, Bitcoin is not money! I thought this was brilliant as I downed my first cup of Duncan’s Original fine-ground coffee and wondered what impact, once leaked, this would have on the looming Coinbase IPO... The Wall Street tremors would be enormous. Elon Musk Drops MASSIVE Bombshell The shrewd billionaire just made a VERY strange confession about the future of his electric car empire. The secret he reveals could also mint fortunes for smart, fast-moving investors. This has nothing to do with buying shares of Tesla. [Click here]( for the stunning details. But Luke, being always on the negative side of abstract monetary thought, wrote, “Well, either way, it was 1768. If they could have imagined digital assets, maybe they would have just said 'an asset.'” It was the “public authority” that mattered to Luke. He wrote, “Basically, money is whatever you can pay your taxes with.” I concur in both in the limited and in a broader way. Money is the right of power, and all power ultimately derives from the military. The U.S. Navy has 13 aircraft carrier fleets with destroyers, guided-missile cruisers, and nuclear submarines with which it can extend a massive force anywhere in the world at any given time. For example, the Theodore Roosevelt Carrier Strike Group, which steamed across the Pacific last year, consists of 49 fighters or fighter-like jets and various ships containing 590 missile silos, each carrying one or more missiles. One of these carrier groups can destroy human civilization and most humans with it. This is why the U.S. dollar will remain the global reserve currency. All the best, [Christian DeHaemer Signature] Christian DeHaemer [[follow basic]@TheDailyHammer on Twitter]( Since 1995, Christian DeHaemer has specialized in frontier market opportunities. He has traveled extensively and invested in places as varied as Cuba, Mongolia, and Kenya. Chris believes the best way to make money is to get there first with the most. Christian is the founder of [Bull and Bust Report]( and an editor at [Energy and Capital](. For more on Christian, see his editor's [page](. Browse Our Archives [Shocking Realization Puts Robinhood and Coinbase IPOs in the Spotlight]( [3 Ways to Make Money off Elon Musk Without Owning a Single Share of Tesla]( [Why Biden’s Rail Plan Is Unlikely to Happen]( [Your Cost of Living Is Soaring (Fed Chairman Powell STILL Not Concerned About Inflation!)]( [Post-COVID New York Is an Investment Opportunity of a Lifetime]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. 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