By Clark Varin
Did you know that in the 1990s, the USA gave out free rice in Haiti? The free rice put all the rice farmers in Haiti out of business, forcing them to move into the city and become dependent on the rice program.
When the Clinton administration realized that the program was back-firing, they pulled the plug on the rice program--leaving people hungrier and more desperate than ever.
The same story happened with TOMS shoes. Free shoes competed with local shoe makers. When the donations dried up, more people were left barefoot in the long-run than if the shoe program never existed.
The list of ethical people giving donations that back-fire is endless...
In total about $2 Trillion of aid was donated to Africa between 1970 and 2000 and extreme poverty grew from 11% to 66%.
Why? Because free money leads to bad behavior--corruption, laziness, poor incentives, etc.
But around 2000, micro-lending became popular and over the next few decades, poverty had a historically fast decline.
By the time I was 20, I had learned about the power of microloans in books, but I hadn't seen it ...
Trying out something new, a video message.
Also to back this up is a good article from Glen Greenwald about how our capacity to reason diminishes during the highly charged climate surrounding a war and war propaganda from BOTH sides.
You can catch Robert Barns on his locals platform at
Welcome to the Nomads Locals Page, connecting all who attended 2021 nomads conference and those who ascribe to Andrew Henderson's "Go Where You Are Treated Best"
We highly recommend to subscribe to Andrew's You Tube channel here:
https://www.youtube.com/c/nomadcapitalist/videos
Note: This site is NOT affiliated directly with Nomad Capitalist, but we support his ideals and hope to foster many nomads in a vibrant and free community!
You would have to be living under a rock to not have heard about AI. Artificial Intelligence, either the great savior of human kind, or the precursor to Sky-net that will destroy us all. Which is it?
First of all, this post was NOT written by AI. So apologies for any mistakes. There is a confusion in terms I believe, as most of the AI's people are thinking of (ChatGPT, Grok, Gemini, etc.) are really LLM or Large Language Models. These are not really "intelligent" but just using mathematics to predict what words are needed to complete the question. Which is why people say AI "lies" too much. Not really, its just predicting words that complete the query and has no concept of what even lying really is.
So is it a bubble? Is it the next industrial revolution? This is the question of the day, and to help answer it, let me point to a few videos that have just been released that give relevant information:
All-In Podcast from 29th of May, 2026 see's a very pro-AI panel debate on if the layoffs in ...
Michael Saylor shared something recently that may have gone unnoticed by most.... he said it in an interview with Tom Bilyeu recently.... here is the clip:
https://x.com/TheBTCTherapist/status/1869507247526793481
MICHAEL SAYLOR: The first nation to print their own currency to buy Bitcoin wins.
Paul from invest answers then also put together the fact that MSTR is applying to issue more stock to buy more BTC.... is that the same thing? Basically, people will be using fiat to buy stock that will be used to purchase BTC. But the BTC supply is limited.... so get your MSTR (or your BTC) soon! (NOT financial advice....)
But this is not what Satoshi's original 2008 whitepaper (https://bitcoin.org/en/bitcoin-paper) had in mind when it developed Bitcoin, it was suppose to be a peer to peer cashless transaction system, right?
Roger Ver thinks so, and wrote a book about it called Hijacking Bitcoin. This video is a summary of that book ...
