Let me be clear. If Kamala Harris somehow forces a 25% unrealized capital gains tax, the flight of capital out and subsequent collapse of the US markets would be absolutely breathtaking. And the ultimate result would be far lower tax revenues than we have right now.

There is something deeply wrong with a system that forces you to constantly put your hard earned money at risk in order to outpace the speed at which it is in turn silently stolen from you through relentless inflation.

Good morning. Deficit spending will not end, federal debt will forever grow, and currency debasement will always follow. This is the life of a fiat currency. Have a great day.

5 years from now. Everyone: You were lucky. Bitcoiners:

I don’t do a lot of TA, as my investments tend to be long term, but I find the past couple of days interesting, as it appears there is a concerted seller who has been moving their limit lower by the hour for 2 days now (bent arrow) , starting Sunday. Note the volume (dotted circle) pickup and the support level (dotted line) of the reversal here. FWIW, let’s see if the main seller is done.

One to bookmark: View quoted note →

Late night question, which app/interface are you all using for Nostr? I’m on Primal and Damus.

Anyone: Why Bitcoin? Me: Start here.

Why is 2% the right amount of inflation? It’s the amount they can get away with in order to debase the underlying currency, much like a hidden tax, without upsetting people to the point of rebellion. (from today’s Informationist Newsletter)