Best money wins There will be a winner Now is the time to lay your bets Fiat based investiments are the ponzi

Maple AI estimate of Total global sovereign issuance 10y gov bonds: Including (OECD + emerging markets) is likely in the $18–$22 trillion per year range recently. The 10-year tenor is typically one of the most liquid benchmark maturities. If it represents roughly 15–25% of total sovereign issuance by volume (a rough industry heuristic, not a hard statistic), that would imply: ~$2.5–$5 trillion per year globally for 10-year government bonds ~$200–$450 billion per month on average

#deck -life almost done Summer is near

Bullish LFG

Austrian Value Theory The Austrian concept of value at the margin (or marginal utility) is the idea that the value of a good is determined not by its total usefulness or the labor required to produce it, but by the least important use to which an additional (marginal) unit can be put. Why It Mattered This overturned the classical economists' labor theory of value. The Austrians showed that value is causally prior to price: people first subjectively value goods at the margin, and those valuations give rise to exchange ratios (prices) in the market. In short, to the Austrian School, value is an ordinal, subjective ranking of the specific, marginal satisfaction a person expects from one more unit of a good.

Austrian Econ for the common man - well worth the listen. https://fountain.fm/episode/sQPaZQiKCBI8p5pDch8b?t=1383

What does everybody want? a cash-like instrument backed by the government a cash-like instrument backed by math and physics

Spotify

Arthur Hayes: The Bitcoin Liquidity Wave Is Here

What Bitcoin Did · Episode