1

Notebook #5

May – September 2017

Between Canada and& Yerecoin

2

Humour

“If misgendering someone is a crime, then every person who ever referred to Justin Trudeau as a man need to be arrested.” – Theron Meyer

At least Trudeau can teach Canadians to ski, because this country is going downhill.

3

Definition

Zeitgeist – the spirit of the times

4

Politics

Before every election, there is a decade.

LIBERTY BEFORE TAXATION! NOT AFTER…

If you want to claim welfare, then you lose your right to vote. – Devon Turner

5

Economics

Currency:

• medium of exchange
• unit of account
• store of value
• a tool for speculation

Fractional reserve system = Gold standard abandoned = Digital deposits

Legitimate reasons for interest:

• default risk
• inflation
• opportunity costs

Delayed spending = saving

• Healthcare
• Retirement
• Estate

Advance spending = investment

• Big purchases
• Investments
• Startups etc

Book: New Money, New World – Bernard Lietaer

Demurrage – notes have and expiry date. Exchanged for new notes, but with a % fee.

Speculation is the idea that you can consume 2 loaves of bread by producing 1.