226 - Bye bye to Mallorca
🇪🇸 Reflections on our final week in Mallorca, reviewing Murray Rothbard's "What Has Government Done to Our Money", connecting Austrian economics to Bitcoin, privacy tools (Monero, Zcash, Nillion), the geopolitical shift and timeline of world history
🇪🇸 We are into our last few days here on Mallorca - the family from Belgium has returned home and we have a few days to relax before the next stage of our journey.
Over last weekend they wanted to go to the beach and we had a nice dinner together on our large east-facing terrace. The apartment here is one of our favourites although it does get rather warm towards the end of June. On Sunday we hired a boat and went for a cruise around the island, stopping off for a swim and lunch before heading back to Palma. Our visitors spotted my copy of Guy Anderson's Conspiracy Theories - I have lent it to them to read over the summer - my review will follow in due course.
I fitted in a couple more Bitcoiner meetups - just coffee and chat and we enjoyed our last few days of routine here with morning yoga and project work followed by afternoon swim at the club. We are still here over the coming weekend so if you want to meet up, speak up!
Insights of the week
During the week I re-read a fantastic book and it is so relevant to what you see happening in the world today. I also listened to Simon's take on events of last week; he makes a rather good case and you would do well to think through the implications.
What has government done to our money
This is one of the most influential and accessible works in the Austrian School of Economics tradition. Originally published in 1963, it's a concise and powerful critique of government intervention in money and banking, and a passionate case for returning to a hard money standard and free-market money
Reading this book will change your life. You will think about money in a radically different way. You will learn that the market can efficiently produce money without government. You will understand that government expansion of the money supply is a hidden tax on the public. You will recognize that the Federal Reserve and other central banks are not benign institutions as economists and politicians portray but instigators of economic booms and busts. The world will look radically different to you.
~ Foreword to the book



click to see full size - this is an easy afternoon read and rather important - Summary HERE
You can freely download your own copy of the book below - audiobook here
Pay attention to the insights that Murray Rothbard shares - you will note that these are the opposite of what mainstream education and media tell you - that is no coincidence!
| Theme | Rothbard's Position |
|---|---|
| Origin of money | Emerged spontaneously from the market (not from the state) |
| Gold as money | Gold won out naturally due to its physical properties and scarcity |
| Central banking | A mechanism for government control and inflation, not stability |
| Fractional reserve banking | Inherently fraudulent — creates fictitious "warehouse receipts" for gold that doesn't exist |
| Inflation | Not a "price phenomenon" but a money supply phenomenon — caused by government expanding the currency |
| Fiat money | Unbacked paper money allows unlimited government power to devalue citizens' wealth |
| Solution | Separate money and state; return to a 100% gold[or Energy]-backed dollar determined by the free market |
For those who are intrigued and want to know more - you should read Lyn Alden's book Broken Money in which she goes wider and deeper with the definitive explanation. You do have the ability to opt out of the lunacy and that is what the projects that I share and support enable. So, what are you doing?
While you are here, I also strongly recommend that you download and read Murray's other masterpiece, Anatomy of the State. This is the fundamental understanding that has been hidden from you in all of your education. It is also an easy afternoon read and you can listen to it in audiobook here - it only takes 60 minutes!
The week the world changed
Simon makes a rather good case that the week of 15 June 2026 with its five significant events marked a shift in the global power structure. All the details are surely not fixed yet and there will be plenty of smoke and mirrors in the days, weeks and months to come but the foundation that is now established is pretty clear for those who want to look.

Links below will help you look deeper and understand the implications:
- The Iran-US MOU - what is said, exactly?
- The consequences for US and Middle East
- Bitcoin Treasury Mechanics
- Two options for the new FED
- The Versailles significance
- The consequences for Europe and UK
- The consequences for Hong Kong and SE Asia
- The implications for the HKD-USD peg
So - what do you think? What are you doing about it? Happy to discuss.
More in this issue
- Photo memories - around Palma in our last week here this year
- Project Updates - Better Money, Monero, Personal Data
- Plenty of useful links - don't say nobody told you!
- Closing out - Timeline of World History and what else is in The Files?









Our last week in Palma for this year
🛠️ Project Updates
It is essential that we have good money that can be used for transactions and purchases. This is in addition to the ability to store wealth outside of the collapsing system. The projects that I support and share facilitate this. What are you doing?
Better money - you have the option
The most important insight that you can pick up from Murray Rothbard's book above is that people (not government) decide what is the best money. In fact you have many advantages in not using the government money with its perpetual inflation and dilution and all of the tracking and entrapment that is built into its infrastructure. Knowing how to use better money is an important skill and now is certainly a good time to practise.
If you are new to this, the main options that you have are Bitcoin (either over Lightning or using Cashu) or else Monero. Both are good options and I would suggest that you familiarise yourself with them both.
Check back here where we discussed how to get going - if you need help or want someone to test with, just reach out.

Click to refresh your memory and get started
Monero - you should know this
John Woods joins Monero Talk host Douglas Tuman to discuss the state of privacy in cryptocurrency, focusing on the architectural differences between Monero and Zcash. He argues that Monero succeeds due to mandatory privacy and a layered approach to security. In contrast, he criticizes Zcash for its optional privacy model and a monolithic circuit design that poses systemic risks, such as the recent Orchard Pool fiasco.

Click for summary and the full interview
Currently, John is developing Nillion, a decentralized private compute network that mirrors his preference for privacy-by-default and layered cryptographic primitives. He views upcoming Monero upgrades like FCMP++ as critical milestones for blockchain security.
The conversation also touches upon the integration of Monero into THORChain, which now enables permissionless, native asset swaps. He maintains that increasing non-custodial and trustless swap options is essential for circumventing the delisting of Monero from centralized exchanges.
You are being watched
Henry's recent video should scare you. Loupe is a free, open-source iOS app created by security researchers at Misk to demonstrate how mobile applications collect device data without explicit user permission.
The app visualizes how information like device region, uptime, network details, and motion sensors are accessible by default, while operating entirely through local on-device processing. By weaponizing URL schemes, Loupe can also identify other installed apps, revealing a significant gap in standard iOS sandboxing protections.

Click for summary and to listen to the full explanation
To mitigate these privacy risks, you should conduct regular audits of app permissions and disable tracking in system settings. Adopting tools like DNS blockers or VPNs can effectively prevent third-party tracking, while migrating from native applications to web apps helps further minimize the exposed device surface.
🔗 Links for your edification
The following are links from my Liferea RSS feeds - learn, enjoy and share.
What's next?
Dan's outlook for July 2026 highlights a historic, pivotal month defined by the emergence of digital technocracy and significant shifts in global economic and financial systems.

Click for summary and to listen to Dan explain
It may seem like a statement of the obvious but the sources cited and reasoning should give you pause for thought.
How interesting
In this Delingpod, the anonymous blogger Slavlander discusses his rejection of Orthodox Christianity in favor of ancestralism and his theories regarding Platonic social engineering and the Soviet-Western elite convergence.

Click for summary and to listen to the discussion
This is a fascinating discussion with genuine tension between the two - Slavlander makes a very strong case while James sticks doggedly to his well-worn position.
🤔 Closing Thoughts
I'm sharing a couple of closing thoughts this week. First up is an excellent overview of the Timeline of World History; I'm sure it is not perfect but big picture this is pretty good. After that I suggest you listen to Wayne McRoy's recent take on a substack article digging into what was really contained within some of the released Epstein material - and it is not at all what you think.
History of the World
You may have wondered about how all the events of world history could possibly fit together if you could stand back far enough and view the big picture. This is the first of a series of charts from this channel that I will be sharing and recommending. You will gain interesting insights and when you overlay some of the dates that Jason has been pointing out from his research you will understand why this is important.

I particularly appreciate that he correctly places the collapse of Atlantis closer to 1135 BCE and not the ridiculous mainstream date of 9000 BCE. By now, some of you should understand why this is important - check here if you need a refresher.
What else was in The Files?
This is a fascinating deep dive - it may go deeper than some of you are ready for but it's good to be aware of these things. Bookmark it and come back when you are ready.
Drawing from the Epstein files (sources cited), the podcast claims that Jeffrey Epstein treated biological systems as cryptographic problems that require NSA-style decryption. Epstein reportedly viewed genes as signals, viruses as nanoparticles, and evolution as an adversarial code war. This research agenda sought to treat the human electrome as a transmissible signal to potentially control consciousness.

Furthermore, the episode details claims that electromagnetic infrastructure is weaponized to broadcast synthetic telepathy and influence human biology. This would certainly explain the proliferation of 5G (and more) towers in many locations. Wayne goes further, postulating that the real agenda behind Quantum Computing is to decrypt the seat of the soul and consciousness.
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No one can be told what The Matrix is. You have to see it for yourself.
- Morpheus to Neo in The Matrix

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- The Architect
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