The scale of the unfunded pension liabilities globally is almost incomprehensible. Hundreds of millions of people around the world expecting to retire comfortably will see their pensions worth pennies on the dollar or their currencies completely debased.
The high trust society exhibited in my village by the sea is something we should fight for.
Kids riding bikes all over the island without supervision.
Wife left my beach chair on the path to the beach for three hours. It was waiting for me when I arrived.
The simple things.
Thanks to the Chevron deference ruling from the Supreme Court, the economy has removed an anchor that has been holding it back for more than a generation.
The balance of power, as the founders designed it, has been shifted back in the right direction.
Fiat money breeds fiat architecture.
High time preference onset by the inability to properly accumulate and save capital is destroying the quality of the goods and services produced in the economy. This affects quality of life.
Fix the money, fix the world.
I sat down with Mel Mattison to discuss the Fiat Endgame, the history of central banking, the eurodollar markets, the bi-monthly meeting between central bankers at the BIS, and how to prepare for the collapse in confidence in the dollar.
Hell of a rip.
Biden proves to be cognitively impaired > doesn't drop out of the raise > bond yields rise as people lose confidence in US > yen breaks out > BoJ forced to sell bonds > yields go higher
Are we in a bond doom loop right now?
It’s always great sitting down with Peter St. Onge.
What would happen if the US eliminated the income tax and raised tariffs?
Why should you be nationalistic?
How doomed is the dollar?
All of this and more answered in this rip.
The @RABBIT HOLE RECAP x @PUBKEY Hot Style Takeover is going to be the event of the week in Nashville next month.
Comedian roaster: acquired
Mariachi band: hired
VIP tix: sold out
Join us for an afternoon of laughs, food, drinks and bitcoin talk.
pubkey.bar/rhr
Over the long term bitcoin has proven to be the best safe haven asset to protect individuals from currency debasement, censorship and governments getting absolutely plastered on debt. During times of financial stress people need cash and they will look to get into cash as quickly as possible and bitcoin is the asset that gives them the speed they desire.
Bitcoin is the best alarm system in markets today. This price dump is probably less about Mt. Gox coins being sold and more about some liquidity crisis on the horizon that is metastasizing behind the scenes.
Corporate execs at publicly traded companies are waking up to the fact that building a bitcoin treasury is being rewarded by the market.
It makes more sense for private companies. We've seen the power of bitcoin treasuries for startups at Ten31.
The Late Stage Fiat Melt Up leads to unsustainable spending and an unsustainable increase in despair. This is what happens when you continuously manipulate and corrupt the price of money.
To fix this grave injustice we must fix the money.
#bitcoin