The US national debt will hit $50 trillion by the end of 2027 (~32% increase from today) or I'll try unsuccessfully to delete this note.

Make sure your kids learn how to ladder their fixed income hedges on reverse repo headlines if they are to afford life on the dollar standard. Or just stay humble and stack sats.

GM. Minor stresses for two regional banks seems like a reasonable pretext to print $10 trillion, flatten the yield curve, and bail out the federal government.

GM, keep your eyes on eBay for military equipment next week in case the War Department runs out of money to pay the troops.

GM fellow Dollar Alternative Trade (DAT™️, per CNBC) enjoyoors View quoted note →

$FGNX down 58% and bitcoin up 8% 🤔 View quoted note →

In a gunfight, you have the rest of your life to get a sight picture. And in a monetary reordering, you have the rest of your purchasing power to get a new hurdle rate.