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News & commentary on economics, politics, markets, history, culture, and liberty. https://t.me/intelrunner

If you look at the Sharpe ratios for both, at least since 2018, they tend to cycle against one another. When BTC's up, gold is down, and vice versa. They are an asset class unto themselves, and where capital flows seems to have something to do with relative (perceived) risk-adjusted returns.

That's an opportunity for a shrewd observer, and since they're both sound, it's an opportunity with less overall risk than many others.

Does Erika Kirk know where a tear duct is?

They've been trial ballooning the nonsense "quademic" again, probably testing public receptiveness. I suspect aliens is more of a long-term Hail Mary sort of option, but who knows? They desperately want WW3; that's serious and imminent risk.

Of course as often as I hear Israelis saying countries need another 9/11, maybe it just ends up being something like that. There are other potentialities: there's a financial crisis available if they want to tap it, there's mass hacking events/attacks on the grid or hospital system via hacking (easy to blame on anyone) or sabotage, and there's that outlier where the WEF was discussing a threat to drinking water a few years ago.

Seeding Project Blue Beam?

Those underground 90s conspiracists were right about virtually everything else, so maybe we should keep an eye for that one too.

Ah, scamming the wrong device anyway. 😂

🇺🇸 Central banks re-accelerated their gold purchases every time price fell a bit. They've been at it for some time now. This is a preparation for the financial system to come.

As I noted in September, the gold representation in the asset mix of Americans (and several other key populations) is woefully low.

Now, finally, we're seeing broad interest in the concept of debasement in Google searches in the United States of America. Consciousness about the loss of purchasing power for the Dollar, the Euro, and virtually every other fiat currency in concert is permeating the Wall of Sleep.

[Originally published to INTELRUNNER on Telegram on October 14th]

The New York Post is Israeli-occupied territory.

See if you can find the "Star of David" in the Bible.

You will find this as-above-so-below shit in all sorts of pagan/occult practices though. It's the Star of Remphan.

Notice they didn't put the Menorah on the flag...you have to learn to parse the types among them, but Babylonian Talmudism is replete with the stuff. Also very legalistic, very good at excusing sin.

Oh come off it. Watch the video. You'll see what a trained man can do with a standard rifle. A good guy with a gun would've saved a lot of lives.

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1.​Onboarding: A new local business gets its first Lightning Wallet.

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​We show the world what happens when people opt-out of the old system. Every Zap is a proof-of-work that Bitcoin is for the unbanked and the globally excluded.

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nostr:nprofile1qqsvk7c33m264eqvss89wuuncucvut9pd7uu753kx6uj0n8wuym5e8qpzamhxue69uhkvun2daekstnwdaehgu339e3k7mgpr4mhxue69uhkummnw3ez6un9d3shjtnpd3nk7ar9vd5zu6t08p9hc8 nostr:nprofile1qqs82e9z02hr92cvtylzd5f5c365qhjqxnm78rmpyj940erlmamlwfgpz3mhxue69uhkummnw3ezucn5vdaxstn5wuq3jamnwvaz7tmwdaehgu3wd968xmn9vf6kccfwdejhg9jfyhj nostr:nprofile1qqstu8vf099ljt09m4jvres0dgk8ps2q4wkfjvjp3lhrp3wxxllfg7gpremhxue69uhkummnw3ez6vpn9ejx7unpveskxar0wfujummjvuq3camnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpdslm2xse​ nostr:nprofile1qqsg5386eve0fm9k9ky92kez4dw6v9ud7hdvmqjh4ru7rgs3gugrx3spvemhxue69uhkv6tvw3jhytnwdaehgu3wwa5kuef0dec82c33xdn85vp5dfjk5dmwdd68varkvuerger28yervcf4vd6xxmtpwumx26ms8ycrywr9w4urxur6xd3hx7rywfckwephxauh20mzwfhkzerrv9ehg0t5wf6k2qg3waehxw309ahx7um5wgh8w6twv5hsgqag3x

nostr:nprofile1qqszp97qu6080cln69k4lgw5lmhnl8l8e5428tawk8zqdkvnxyyc9dqpzfmhxue69uhkvmm89ejx2eredchxjmcpy9mhxue69uhk6atvw35hqmr90pjhytngw4eh5mmwv4nhjtnhdaexceqlgmadt nostr:nprofile1qqstagf47q0wvxptscv2e249am74yu0j94wgk2p8gyl73998yqz3cdspzpmhxue69uhkummnw3ezuamfdejszythwden5te0dehhxarjxgcjucm0d5dsqk6z nostr:nprofile1qqsq6des57fjgkgp6k4fcu80qyr5af6w3y5njvqcts7yp4prrhhx9rqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqzrthwden5te0dehhxtnvdakqzxt5ek nostr:nprofile1qqsqfzzk2hk60naek5ldraw38jv86qjv3hn6e6zgv4a4tpa7av8aqvgp94mhxue69uhkcmnzd968xtnzw33k7mnnw4k8g6twvuhxump0dehhxarjwfjkccte9ahx7um5wgq3camnwvaz7tmwdaehgu3wd46hg6tw09mkzmrvv46zucm0d58l6n4t nostr:nprofile1qqsvmy9gjwa94fsm9hw4dg8gkl2m4seauu7sy8cp9fhc338q776nc5spzdmhxue69uhkummnw3ezuwphxumjucmgqythwumn8ghj7mn0wd68ytnvdaex2mn50ghxjue0dunjrqnostr:nprofile1qqsgfvqzyp3tvhuuee7qsjf486kndv3mdsg0vgjm6hgt2df863vyxgcpp4mhxue69uhkummn9ekx7mqpypmhxue69uhkummnw3ezu6r9v9m8jun4vf3x2unnd3shvefwvdhk6vdkrlq nostr:nprofile1qqs22wxc22e94us83p4gn7cl64gl5hrq992k7slvc7gr8uuq6ff2qssprdmhxue69uhkyatrddjhgtnrdaexzcmvv5h8xmmrd9skcqgcwaehxw309aex2mrp0yhxcatdd9hxztnjda3kkucfnmjgsnostr:nprofile1qqsqfjg4mth7uwp307nng3z2em3ep2pxnljczzezg8j7dhf58ha7ejgpp4mhxue69uhkummn9ekx7mqprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5hgfg9w

#Bitcoin #Nostr #Makueni #Kenya #Africa #Zaps

Good stuff. May we liberate this species from the clutches of the international banking cartel.

The AI Bubble Blows Astronomically

Well, if you were wondering where we were in the AI "Dotcom Redux" Bubble...

Welcome to the "dATa CeNTeRs IN sPAcE" phase.

We are here because we've reached the point where nothing but hype can push these stocks further. OpenAI is one big hype machine, but they all do it. (They're spending something like $2.60 per $1 of revenue now, and that's going in the wrong direction.) Hype, hype, hype.

And what's the hype tied to? What's the construct on which these equities permanently pump?

Data centers! More data centers. Infinite data centers, all subsidized by your power bills. But they take up a lot of space—increasing amounts of it, in fact. So what better way to solve this little obstacle than to fill space itself with big, solar-powered space computers?!? That should be cost effective, no?

Jeff Bezos is in a unique position. Everyone knows he has tons of money, but Amazon is lagging in the AI race against OpenAI, xAI, Google, AliBaba, etc. and Blue Origin is lagging in the space (and moreover, federal contract) race against SpaceX. What better way to generate fanfare for all of the above than bunkum about Data Death Stars?

He's not alone. Elon Musk is known for this sort of thing. Take Tesla's eternally imminent truly autonomous cars and the endless cascade of announcements to that effect. Or that time he said AI would excel humans by...this year. Dario Amodei has been projecting superhuman intelligence in 2-3 years for 2-3 years (not to mention 90% of all coding being done by AI by...this past September). Demis Hassabis of Google is not one to be outdone; he promised "curing all diseases, solving climate and energy issues, and ushering in “radical abundance," thereby reducing human selfishness & ending global conflict.

Altman was doing hype cycle after hype cycle all the time before he & Huang figured out their little shares-for-chips shell game. Remember his crackpot manifestos? And his babbling about "superhuman reasoning" and "solving physics" for good? Only to have his fundraising machine upended by an open-source LLM like DeepSeek focused on efficiency & efficacy instead of grandiosity & the next sucker.

Sam's going to need still more money soon; look for his upcoming white paper on the intergalactic eradication of want & suffering by ChatGPT.

They all have at least a little Elizabeth Holmes in them. Most of them have more than a little. That's a symptom of the financial circuitry of the system, but that's a story for another day.

It's the audience that tells you what's driving the AI train at this point. The host seems a sensible individual, and you can see the bafflement in his visage both times they show it. But the crowd! Oh, the crowd. That they don't burst into laughter on the spot says a whole lot about where we are & where we're going.

Hold on to your ass.

[Originally published on Telegram on October 7th]

https://blossom.primal.net/5cb7d71aaeb52009275531db69287c2ce4f6a45b47e677bdf54c4e06d95b79fc.mp4

Ehhh probably but I think that showdown is after Bitcoin matures more.

Ultimately they're gonna keep pulling gold out of the ground. I'm a little worried with all this Blackrock they're gonna want to mint more coins too.

🇺🇸 Trump wants 600,000 children of wealthy CCP functionaries to be students at top institutions in order to bail out the broken, misaligned university system (that he was supposed to fix).

MAGA apparatchiks rushed to his defense, citing silly post-pandemic, post-migration numbers about educational ability. Here's one example by way of utter clown Bill Mitchell:

"Folks may want not want to hear that, but our education system has gotten so bad that we just don't have as much elite educated talent as we need, especially in technology. It's just a fact."

In 2019, a study by Loyalka, Liu, Li, et al found that STEM student "seniors in the United States substantially outperform seniors in China, India, and Russia by 0.76-0.88 SDs and score comparably with seniors in elite institutions in these countries." You don't say?

An update study focused on computer science & electrical engineering in 2021 conducted by a similar crew of authors concluded that there were "stark differences in skill levels and gains among countries and by institutional selectivity. Compared with the United States, students in China, India and Russia do not gain critical thinking skills over four years."

It's a bunch of nonsense designed to exclude native Americans, and I won't countenance any other conclusion. It's Howard Lutnick's speciality: making America great again by replacing Americans.

Hey, wait! Wasn't that also Biden's policy?

📊 INTELRUNNER 📊

https://t.me/intelrunner

🇬🇷🇨🇾🇵🇹 Greece & Cyprus have orchestrated an excellent display of fiscal responsibility in the years since their sovereign debt & banking crises respectively, and the dividends have really rolled in over the past five years. Portugal, on the other hand, has been consistently prudent since its 2011 debt crisis. The success reminds one of Ireland last decade.

As a result, we've seen outstanding reductions in all 3 debt-to-GDP ratios. Greece has reduced by 56.1% over the period but still has some work to do with a total of 150.3% remaining. Cyprus has reduced by 43.5% to a very healthy 71.1%! And Portugal has reduced by 37.5% for a final ratio of 97.4%.

All three turned their GDP growth exceptionally positive by 2021. There were enormous gains in 2021-2022, with readings between 5.7% & 8.4%. Portugal & Cyprus achieved primary account surpluses in 2021, Greece in 2022, and all three ever since—an encouraging pattern that will serve these nations well if they can maintain it.

These three along with Denmark are fiscally some of the best situated in Europe. Meanwhile, many EU nations that weren't in dire straits a decade ago have fallen apart economically for various reasons...looking at you, France, Romania, Czechia, et cetera.

https://t.me/newsfromunderground

Well, I predicted that this morning.

Didn’t think we’d get there so soon.

If they Jack “Ruby” Rubenstein him…

(Yeah that’s his name—what mob did you think he ran with? Besides pedophiles like John David Norman. You see how far back this kid-fucker mafia goes? How did you think they get a guy to throw his life away shooting a patsy?)

If they Rubenstein him, then we can feel pretty confident that a vigorous & vehement suspicion is the most appropriate course.

The critics know why they’re really trying to do this. It’s to hold your job over your head lest you dissent. They want your name so they can destroy you if you’re inconvenient. And though they’ve been driving at this for some time, it clearly became an imperative when their little pandemic play got decimated by tons of internet accounts, many of which were experts donning pseudonyms for career safety.

This would wipe out all of that speech that is only uttered by those protected by anonymity or those who don’t mind decimating their career prospects. It’s quite a chilling effect. Note that they’re establishing the all-American database at Palantir now too—these two measures together are the foundation for social credit systems.

The Fed Chair race is on.

I’m, not an OBBB guy. Believe me.

But this consternation over Medicaid is overblown.

They’re trying to return to the pre-Biden trend line of Medicaid not now, but by 2030. So it’s still going to drive us bankrupt, but slower…

It’s a bit dishonest to act like there are some draconian cuts in the law, so I imagine that’s what we’ll hear every day multiple times per day next year.

The short term fluctuations will be the long term trends if he doesn’t change course on foreign policy.

🇪🇺 The decline in the purchasing power of the Euro since 2001….

📉 CHART WATCH 📉

This isn’t going away.

Nor should it. It’s a microcosm of many much larger evils afflicting America all tied up into one.

For that reason, it’s an opportunity for massive positive reform. Not just for the sake of justice, but also for the sake of the nation & its future inhabitants.

For the sake of a sound foreign policy and to improve the probability of decent, honest representation.

We let them squash it at our peril.

🇺🇸 The Stripper Index since 2016 and the stock chart of RCI Hospitality Holdings ($RICK), which owns strip clubs, restaurants, and bars. Both are plotted with the Nasdaq 100 ($NDX), where most bubbles this century are most easily seen.

On the chart of the Stripper Index, orange is Google Trends in searches for “escort” in NYC, the pink is the average hourly price of an escort in the UK (£), the yellow is organic escort sign-ups, and the blue is the $NDX.

The $RICK candlesticks are in log for better visibility, and the $NDX is not. Leading declines of $RICK shaded yellow, U.S. recessions shaded red, and the deflation of the Dotcom Bubble shaded gray.

📈 CHART WATCH 📈

Trump’s approval ratings may well have seen a bump, but it’s coming from the college educated, so we can safely presume it’s from the media praise after Iran. The important fact is that those people will not be shifting heavily Republican over this or whatever else. They will be voting against him in 2026.

The people he desperately needs, the backbone of his new coalition—the young voter, the independent voter, the working class voter—none of these are impressed with the last few months, and many are repulsed. And rightfully so.

The rigged polls will run the same playbook as 2020, when they cheered him on and assured him he was popular as he locked down the economy and handed the country over to Fauci & the military-pharmaceutical complex. The dwindling MAGA faithful (concentrated in the FNC Boomer class) share Quinnipiac polls they rightfully scorned nine months ago as they rebuke quality pollsters for disloyalty.

Where do they think this ends? The House is probably already gone. The Senate will go too if they keep up at this rate. He’s getting a D+, and it’s not going to cut it. They’re not just risking impeachment now; they’re risking conviction. He’s risking George W. Bush 2006-08.

And better yet, he’s gifted his enemies what they’ve always wanted and never had: a real scandal.

If America First is wise, they’ll leave him for dead like he left them for dead, and get to work on (1) primarying most of Congress, (2) finding a leader for 2028, and (3) bracing for a globalist onslaught. That’s the position Dear Leader has put us in.

The people he needs feel betrayed. The people who have shifted to him will betray them once he can no longer derail their agenda, once they no longer have a use for him. And the Deep State is in the driver’s seat. Who knows where we’re headed next?

/ NEWS FROM UNDERGROUND /

Relax. Every new freedom platform starts this way. Keep laying the groundwork. Keep uploading content. Keep onboarding people with the easiest protocols. When the next big censorship story hits, or when Elon stops pretending to have free speech on his platform, there will be another exodus.

That’s the point at which we must full-court press. Until then, just keep building…

🌍 What the World Thinks of Israel

Countries most favoring Israel: 🇮🇳🇳🇬🇰🇪

Countries least favoring Israel: 🇹🇷🇮🇩🇯🇵

📈 CHART WATCH 📉