Agreed. If anything would push Trump to follow up on his bitcoin promise it would be this FU from Biden et al. View quoted note →

Had coffee with a bunch of fellow gen X’ers this a.m. “Where the hell do I put my money?” And economic anxiety were the underlying themes. Been a while since I’ve seen this combination of vibes. (And yes, I’ve given them all The Bitcoin Standard before and they are at various stages of orange pill.) My insight is that all of them own some amount of Bitcoin and I’m not sure any of them understand it.

“Then I applied myself to the understanding of wisdom, and also of madness and folly, but I learned that this, too, is a chasing after the wind. For with much wisdom comes much sorrow; the more knowledge, the more grief.” ‭‭Ecclesiastes‬ ‭1‬:‭17‬-‭18‬ ‭NIV‬‬

Bloomberg article on Milei. They are shocked that free market reforms didn’t destroy the Argentine economy. https://www.bloomberg.com/opinion/articles/2025-01-08/milei-s-strong-start-on-mending-argentina-s-economy-defies-expectations?srnd=homepage-americas

4 mo out of the year it’s 99 degrees when I work out in my garage. 4 mo it is 25 degrees. No strength without struggle.

Remember- in a liquidity crunch, people don’t sell what they WANT to sell to raise cash. The sell what they CAN sell. Bitcoin dips are made of these.

Go tell your July 2024 self that $94k bitcoin is a huge dip. View quoted note →

Steady lads. Deploying smash buy.

TFW you are cutting rates and rates are going up.

Is this the first HFSP? “Since they would not accept my advice and spurned my rebuke, they will eat the fruit of their ways and be filled with the fruit of their schemes. For the waywardness of the simple will kill them, and the complacency of fools will destroy them; but whoever listens to me will live in safety and be at ease, without fear of harm.” ‭‭Proverbs‬ ‭1‬:‭30‬-‭33‬ ‭NIV‬‬

So the same day Zuck says no more fact checkers, JP Morgan says no more climate finance. Definite mood shift. View quoted note →

Good take here by St. Onge. I wrote about this back in August- link below. We can call this how it started/how it’s going.

Why Does U.S. Government Debt Now Look Like Payday Lending?

Most know that the yield curve is inverted. So is the term structure.

View quoted note →

Nobody likes armed missionaries. - Robespierre

The tide is turning.

GM. Produce more than you consume today. Put the surplus in Bitcoin.