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In this video, I discuss how a Bitcoin standard could help to defund unnecessary wars by making plain the true cost of war to voters, rather than hiding the costs behind money printing.

On a Bitcoin standard, governments would need to accumulate large amounts of BTC to pay for wars; and central banks would need to accumulate large amounts of BTC to buy government bonds.

And because Bitcoin is so difficult to confiscate, governments would need to listen more closely to their voters' demands and make a persuasive case for when war was necessary.

If you ask Americans whether they prefer spending on domestic items like upgrading infrastructure, or forever wars in far-flung locations that serve mostly to enrich the military industrial complex--

You can be pretty sure that they will almost always choose the former over the latter.

Not investment advice! Consult a financial advisor.

How The Fed Hides The Costs of War:
https://bitcoinmagazine.com/culture/h...

Fed Funds historical chart:
https://fred.stlouisfed.org/series/FE...

US Treasuries held by the Fed:
https://fred.stlouisfed.org/series/TR...

Exactly 53 years ago today – August 15, 1971 – the US officially abandoned the gold standard:
https://x.com/pete_rizzo_/status/1824...

"End the Fed" bill:
https://x.com/RepThomasMassie/status/...

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
#War
#Fed

Disclaimer
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