lol I love that you can just post feature length films on nostr

Been trying out what might be among the world's first ARK transactions on Bitcoin mainnet.

Here I send some sats from the @ArkLabs wallet to my Phoenix wallet (using a LN swap).

Bullish!

Fun fact. The biggest electric car manufacturer in the world is called BYD and is... Chinese! Their cars cost about half the price of a Tesla for 150% of the quality.

Western trade blocks, if they even exist anymore, are shitting their pants about them so much that our overlords don't let us purchase these cars at their real price. If you believe that tarrifs are going to fix this, I'm very very sorry.

Go travel and see for yourself. And if you don't shit your pants you might wanna see a brain doctor. We're rekt and there's not much to do about it.

GM.

Chapter 13 of Broken Money is called "Heavy is the Head that Wears the Crown".

It focuses on the US trade deficit and why it arises structurally. In short, since the USD is the global reserve currency (for reserve assets, international contracts, FX trading pairs, and cross-border funding), there is tremendous automatic demand for USD in the world compared to other fiat currencies.

To supply the world with that ever-growing need for USD to service all sorts of needs, the United States runs structural trade deficits with the rest of the world. That's how the USD spills out to the rest of the world for them to use. And the mechanism for that is that the overvalued USD boosts Americans' import power, reduces Americans' low-margin export competiveness, and basically forces open that trade deficit.

That trade deficit is the cost of maintaining the benefits USD system as currently structured. The fatal flaw is that those who bear the cost (e.g. industrialists in the Rust Belt) are not the same as those to gain the benefits (e.g. Wall Street and Washington DC folks). And those costs and benefits accumulate over decades, resulting in rising populism and pushback, which is now front and center.

The challenge that the administration faces is that they have identified a real problem, but are tackling the surface issues rather than the underlying structural issues.

Anyway, I uploaded that chapter 13 on my website for free reading:

Have you thought this way?

“I’ve given so much value to the world, the universe should put the right woman in my life”

Or

“Once I achieve this financial or fitness metric, then I’ll attract the partner i want”

Bitcoiners watching everything tank:

🏆 WINNERS buy the dip! Are you buying?