Some heads will roll to scare the rest, but they can’t prosecute us all. There will be no public support to go after regular guys who didn’t pay cap gains on Bitcoin that they used to buy groceries and gasoline. C suite and flashy people though, watch out the guillotine mob will come for you. They can’t even win a war against drugs, you think they can win a war against math?

Ok maybe not. The Iranians might be smart enough to know that a haymaker to the USD might not be worth it. The bank might be have to use nuclear strikes then. Or more likely, US/Israel would false flag an American city, blame it on the Iranians, then get the support of the citizenry. Low and slow might be the way. View quoted note →

The society is already cooked. The final pillars that need to fall are the currency and the bond market. Bank runs may take longer than you think to begin, but once they do, they happen faster than you think. View quoted note →

Added to the bull market shopping list

Duration continually moving to the short end feels like the beginning of the end. Where does it stop? Okay I moved from 30yrs to 10yrs because the duration was too risky and real return too low. Ok now from 10yrs to 1yr. To…weekly? Daily? Feels like a typical hyperinflation. Loss of faith in the currency and by extension its bonds, which drives up rates, which causes them to print more to suppress rates, which further erodes faith… Almost like a diabetic or drug addict that needs increasingly more frequent hits until…some critical sub-system fails, thereby ending the entire system.

View quoted note →

Please Scotty, bring on the Pyrrhic victories. View quoted note →

The only reason I’d ever go back to Twitter is to give the IRGC political advice like this out in the open, like a Machiavelli type character, and have some fun with the US State Department. View quoted note →

“But if people’s money didn’t lose value over time, they wouldn’t spend and then there wouldn’t be any economic growth.”

Back the currency with Bitcoin. Take toll payments in Bitcoin only. View quoted note →

View quoted note →

Someone needs to tell this to Bob Murphy of the Mises Institute. He’s an embarrassment. View quoted note →

Luke Gromen: “China will use roads, rail, and airplanes for gold-backed yuan settlement.” Another smart guy who has at least one totally retarded belief. Just like Bob Murphy who’s all in on tokenization, so much so that he works for a tokenization scam company, Infineo!

The bond market is just Bitconnect with extra steps. And aircraft carriers. Goodnight.

He doesn’t talk because he doesn’t want to pay taxes.

View quoted note →