Stirnerian Egoist, typical libertarian gold bug, UK based, disappointing authority figures since 1990
Joined February 2020
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In a free market Bitcoin would have never existed. We need to blame the government for these delusions becoming pervasive in society.
I am not anti-Bitcoin. I am pro-freedom. Get the state out of money and nature will heal itself.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
itβs crazy that the Right had two years to do literally whatever they wanted and they spent it enriching themselves, bombing iran, and protecting pedophiles
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
βThis austerity, is it in the room with us right now?β
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
πͺπΊ The EU is introducing a β¬10,000 cash payment limit in 2027.
π¨π Switzerland has no such general limit.
Reminds me of an old Swiss joke π
A German walks into a Swiss bank and whispers:
βIβd like to withdraw β¬10,000.β
The Swiss banker replies loudly:
βSir, no need to whisper. Poverty is nothing to be ashamed of in Switzerland.β π
All those rich Brits who escaped to Milan are about to tuck tail and run again.
The world is becoming a dangerous place for wealth of any kind.
One of the greatest living children's book authors.
Clearly an intelligent and otherwise able man.
And yet there could be no clearer illustration of my point than his response.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
Ludwig von Mises is probably the best economist / philosopher of the German speaking world. However, precisely because he destroyed the leftist illusions, he was never popular. In todayβs Germany, there are exactly zero public streets and places named after him. For comparison, 391 are named after Karl Marx.
Ludwig von Mises built the intellectual case against central planning so thoroughly that his critics never actually refuted it. They ignored it, mocked it, then watched the Soviet Union collapse in 1991, confirming every word.
His 1920 paper on socialist calculation cut to the bone: without private property and genuine price signals, planners fly blind. Prices carry information no committee can replicate. Kill the market, kill the signal, and you get Soviet bread lines and Venezuelan grocery shelves stripped bare.
Mises lived this. He fled Vienna in 1940 with the Nazis closing in, arrived in New York nearly broke, and rebuilt his career at NYU largely without a paid faculty position. The establishment academia of his era dismissed him because he made their Keynesian comfort too expensive to keep.
Human Action, published in 1949, remains the most comprehensive defense of individual liberty and market order ever written. You live inside an economy shaped by bad ideas Mises systematically destroyed, but nobody told you.
Best long term holds according to Grok.
Physical at #1.
Three best: physical gold for resilience against debasement and controls; equities of firms with pricing power whose earnings track inflation; real estate whose rents and values adjust with the price level.
Three worst: cash and bank deposits eroded by suppressed rates; long-term government bonds as the direct repression target; fixed-rate annuities or CDs locked into negative real yields.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
βIβm a top 1% income earnerβ
In the USA that means you earn over $748K and pay 33% effective rate of tax.
In the UK you earn over Β£216k ($289k) and pay 41.5% effective rate of tax.
The UK punishes success and therefore it gets less of it.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
Canβt wait until the thresholds are frozen for so long and the minimum wage pushed up so high we have minimum wage earners paying tax at the higher rate #fiscaldrag
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
See that little sentence at the bottom: "October sell-offs often create a sweet spot for traders." We should keep this in perspective: the broader S&P is down 1.2% in October.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
I find it odd that the idea of paying young people a lower minimum wage is being called "discriminatory".
Stagnating productivity, coupled with a high minimum wage, has already given Britain one of the flattest career ladders in the rich world
1/6
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
A genius scientist gave a presentation where he claimed it was male scientistsβnot female scientistsβthat were being discriminated against on the part of universities, and his presentation led to his suspension from CERN and sanctions from the University of Pisa. But, ok, βthis world only cares about men!β
Remember poor old Alessandro Strumia, an Italian theoretical physicist and a guest/invited scientist at CERN. In September 2018, at CERNβs first Workshop on High Energy Theory and Gender, he presented a bibliometric analysis of data showed that far from there being significant discrimination against women; instead, women were being hired and promoted with fewer publications and citations (and lower productivity metrics) than men in comparable positions.
He was suspended and then his contract was not renewed.
It's absolutrely blatant. A male professor told me that his female graduates could get research funding, but not him!
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
The bottom line here is that government should not meddle in private enterprise - even in these circumstances. Yes, 12000 jobs are on the line, the but job of government is not to pick winners and losers - not least because they usually pick losers. The job of the government is to create the conditions where those workers can lose their jobs on a Friday and be in new ones the following week. It's only shit news for poundland workers because Labour's economic vandalism means these people will be unemployed for months. That is where the policy response must be.
π¨Poundland is a scandal. Hereβs why:
People have attacked me for taking up this fight, saying βbusinesses go under all the time, thatβs just the free marketβ. Sure, but this is *crony capitalism* and the 12,000 workers deserve better.
This is whatβs really happening:
Poundlandβs owners, an American outfit called Gordon Brothers are trying to put the business into administration. They bought it for Β£1 and have a Β£30m loan out to it, which they want back.
Itβs a tough sector, suffering from fierce competition, battered by Labourβs tax increases and customers feeling the pinch. However, the business is solvent, sales grew 6.7% in the last year and 8.4% in the first three weeks of October. Itβs about to see the best trading weeks of the year approaching Christmas. This is not a business that has to shut its doors.
Whatβs more, if Gordon Brothers want to walk away, there are others keen to take it on, as a going concern. Iβve spoken to two, highly credible parties today, who have attempted to buy the business. Both tell me they have the money. One, a hugely successful British retail entrepreneur, didnβt even get a response from Gordon Brothers. They would keep the stores intact and keep the positive momentum going.
Iβve been inundated with messages from staff and suppliers, all saying how hard theyβve worked in the past year to turn the business around.
Instead, Gordon Brothers are risking 12,000 jobs just before Christmas (and retail isnβt an easy industry to get another job in right now) and potentially another 10,000 amongst the suppliers. Poundland has a number of suppliers that only or largely supply them, and who will face an uncertain future without them.
Then thereβs the loss to the landlords, the rates owed to local councils, tax due to HMRC and the lost footfall on our high streets if 600 stores shut.
The wage bill of Poundland is close to Β£500m, so you can imagine the cost to the taxpayer in benefits if 12,000 people lose their jobs.
Could it be that Gordon Brothers, far from being a real βturnaround specialistβ is just trying to look after themselves and make a profit at the expense of literally everyone else?
Might they be using the administration process to protect their loan?
And the advisors who handle administration will also pockets millions in fees. Naturally.
Could we see a decent business run down, shelves slowly emptied and then folded, with everyone losing out bar them? Thats what happened with another, similar business, Poundworld.
Itβs not for nothing that loyal staff emailing me are calling them βGreedy Brothersβ.
Should politicians be interested in this scandal? Too right they should. Frankly Iβm shocked more arenβt. It shows how little Westminster cares about working people. You can be pro business, but anti crony capitalism. Reform UK is.
The Business Secretary needs to ask searching questions of Gordon Brothers and this administration process, before a 35 year old mainstay of our high streets and 12,000 jobs are destroyed by them.
Matt π¬π§π΅π±πΊπΈπ¨π© retweeted
This is what state failure looks like. More on debt interest than education.
This is why we can't have nice things. Example from my local area.
dailyecho.co.uk/news/2668644β¦
I hate to be negative, but if your behaviour actively harms other people, then whether you have ADHD or any other disability, you should be excluded from settings where you cause harm...
bbc.co.uk/news/articles/c3qjβ¦
