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.
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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 ...
Why Doug Casey and Anton Wahlman are wrong about the upcoming election.
Let start by reading and listening to what they have to say:
https://antonwahlman.substack.com/p/america-is-now-a-socialist-country
After reading the blog post on Hersey and Liberty, and as we see in the video from Doug Casey on why they think America is doomed to vote in "Commie-La", I think they have missed the bigger picture on the American electorate and what is driving the upcoming election.
Going through history, the three things that are the biggest motivations for the motivation to "Throw the bums out" are;
1. It's the Economy, stupid
2. How safe am I now?
3. Foreign Wars
Maybe the 2nd and 3rd reasons are intertwined, but this is the main three. And Commie-La, as much as she may try to run against the current administration, people know, she is part of the machine in power. With all three of these big picture items against her, the chances she pulls this off are extremely low.
Doug and Anton are reacting to a ...
I liked this article on Substack, and of particular interest is the video from Richard Nixon. Oh if we could only go back and know then what we know now.
https://antonwahlman.substack.com/p/putin-to-tucker-nato-provoked-the
