The morning of criticising communism with @Peter McCormack and Emmet Connor. Something I enjoy, like arguing with an idiot, maybe unfair is someways, but something I believe I have a civic duty to do, if only the progressives in my life didn’t have quite so many Marxist tendencies!!!!! Have some sessions on Friday about HR, that appears to be primarily focused on DEI, so should be able to have some fun with that! When you give up the means of the production and property rights to the state, do the individuals realise they are making a deal with the devil that they don’t own their own time, but at the same time expect the “collective” to deliver the Utopia they’ve been promised. https://fountain.fm/episode/hR51YVXMjqfuRv493UBn

Gm nostriches, happy hump day (ah, what that used to mean in the olden days 😜), if only it didn’t have to involve a monthly school meeting, followed by a department meeting with curated “activities”, hmmmm, feeling like they’re treating us like first years that have to be entertained, like we were looking for stuff to fill our time. Add into the mix a new programme of “mutually agreed resignation scheme” (fourth round of downsizing), a few more people being signed off “on the Tom Dick” and a death in the school!!! Wild times ahead and wondering what newspeak they’ll be feeding us today. The staff are dropping like flies and for those attempting to stick it out are getting worked ever harder, it’s almost as if we were in a rat race or something. On the plus side, the old boots have had a serious upgrade, if only it was possible to renewal to sole at work quite so easily!!!!

Ngu is an ultimately irrelevant “add on” feature compared to the actual USP of peer to peer, investable, digital cash. 🫡🙌

Love the weekly update @jack mallers great update on the macro going ons but with grind my gears this week was 😘👌. Taxes are a humiliation ritual to give the impression and confidence to the market that everyone isn’t simply throwing good money after bad. If more people realised the games the were playing, the whole system would just implode. Actual clip goes longer so find the episode and listen from 1h13m 🫡🙌 https://fountain.fm/clip/idGvGMZxcswWtgLtcRIM

Gm nostriches, geopolitics is truly wild at the moment, oil up one day, back down the next, watching predictions of physical oil shortages, major countries (particularly France) almost looking like they’re circling the drain, waiting for the next president to initiate financial Armageddon (and markets are ok with nothing happening until 2027?!?!?). https://share.google/KGsX9UmyVSp4aiym5 Bitcoin mostly doing the inverse of oil, big panic, slight push down, a little calm, inching higher. BUT, highest price since March 18th, but much more interesting is that much higher and we get back to the highest since Feb, the end of the “freefall” period. Charting/technical analysis is horoscopes for men and fiat denominating is just so short sighted, but while we have an exchange rate there is information there. So what information is there? If Bitcoin is the truth machine, what could this be telling us? And so, the morning task in the fiat mine appears to be set. #coffeechain to be prepared and then time to update some price data and see what some averages look like. Not looking for “answers” just hoping to improve my understanding.

Starting Sunday dinner before 12, deciding to add a crumble into the mix, considered buying one, but bringing the kid in to get involved. Yeah it takes a bit of time, but to have everyone getting a proper dinner to start the week all around the table on a Sunday night, so worth it. #beefstr going for a slow roast through the afternoon. #catstr not realising he’ll having trouble filling Dug’s shoes!!!!

Ga nostriches, kid’s playhouse seemed like a bit of an unnecessary expense, but ngl, the adhd, frustrated labourer in me is loving a good bit of digging holes and moving turf manual labour!

The private credit fears and unwinds are serious, but feeling i’ve heard enough and sitting and waiting for the fall out, but Nick Nemeth on @MartyBent was fascinating. The private insurance and reinsurance markets sound like a ticking nuclear bomb sitting just out of sight of the mainstream, with more megatons of potential damage. Feeling a touch like Michael Burry, with his short in place but only my shorts being self custody bitcoin positioned against the fiat system, and lucky for me, I neither have to pay to keep the short position live nor impatience to over stretch myself.

Fountain: Podcasts & Music

TFTC: A Bitcoin Podcast • #734: The Generational Wealth Heist with Nick Nemeth • Watch on Fountain

Marty sits down with Nick Nemeth to discuss how private equity firms have rendered 29 of the top 30 US life insurers technically insolvent through ...

Gm nostriches, “The money grab was billed as a one time tax, but it should be obvious that this is not how taxation works in functioning economies” @cjasonmaier on 2013 Cyprus but ultimately exactly what happening in the UK in 2024 where suddenly the “protected and sensible pension” suddenly went from a tax protected way of passing money to a spouse to something being hit by inheritance tax (also known as being seized) So to be repeat “this is not how taxation works in FUNCTIONING ECONOMIES” Yes Britain, we’re ruled by thieves and gangsters, as Curtis Garvin informed up. Enjoying a slightly light read this Saturday morning with #coffeechain on the side.