FEELS LIKE INSIDERS TRADING AN ETF ANNOUNCEMENT - STAY HUMBLE AND STACK SATS

good morning nostr, get your priorities in order 🫡

good morning nostr, stay humble and stack sats 🫡

"Channel closed because user manually force-closed the channel" but all I did was open the Android app to approve some zaps.

It is said that “Natto” preserves health like no other food ;-)

Does anyone else have a weird a weird obsession with small leather bound notebooks / notepads? 📝

I can’t resist buying them when I see a solid looking notepad

good morning nostr, the suits are going to get absolutely rekt this cycle 🫡

good morning nostr, looks like the blackrock etf just got approved, as expected, don't let those bastards get our bitcoin, stay humble and stack sats 🫡

For good people to do evil, that takes religion

This is because things go up in price at different speeds and to different degrees (i.e., not everything will increase in price by the same degree as inflation, which is an increase in the money supply).

There are a couple of things at play here, and I'll touch on several, taking a few points from both macro and micro.

If the money supply increased by 2x overnight, an average cantillionaire wouldn't go to the supermarket and buy 2x the amount of bread (or sweets, continuing with the previous conversation). They would spend it on things like stocks, real estate, LV bags, 911s, or bitcoin.

So, for these goods that are favored by the cantillionaires, their prices will increase in line with or exceeding M2 growth.

Relative to commodities, high-end snacks are closer to these scarce and desirable goods, and therefore they would increase in price more in line with CPI than commodified sweets. The cost of the ingredients in making the high-end sweets has not risen as much compared to the sales price of the finished good, so they are still able to maintain margins.

At a micro level, companies will continue to innovate and apply kaizen to their processes. So, if the pace of efficiencies gained from innovation and kaizen outpaces that of M2 inflation, that will also work towards keeping prices lower than inflation.

Thank you. But how are the high end brands keeping prices low compared to monetary debasement? That debasement has to show up somewhere. I guess the owners of the brands are getting poorer or they are paying their staff lower salaries (below the true rate of inflation) or possibly using the new immigrant appreciate visas to lower labor input costs. The net result is an impoverished work class Japanese society, although the privileged buyers of high end sweets may be blissfully unaware of this.

Thank you. But how are the high end brands keeping prices low compared to monetary debasement? That debasement has to show up somewhere. I guess the owners of the brands are getting poorer or they are paying their staff lower salaries (below the true rate of inflation) or possibly using the new immigrant appreciate visas to lower labor input costs. The net result is an impoverished work class Japanese society, although the privileged buyers of high end sweets may be blissfully unaware of this.

Breakfast, Rokkatei style.

Fruit omelette and Yukikon cheese

Alot of Japanese snacks are loaded with junk like preservatives, margarine, artificial sugars.

On the other hand, traditional confectioneries tend to keep things simple and use real ingredients.

As with anything, one has to know where to look.

good morning nostr, freedom tech is hope 🫡

Do you happen to be using mutiny on multiple devices?