1. Trump institutes tariffs.

2. Foreigners cash out of their US securities and stop buying treasuries.

3. Stock markets fall, 10-year rates climb.

4. Pension funds and retirement accounts are threatened, interest expense grows.

5. Fed prints boatloads of money to pick up the slack.

6. New liquidity flows into scarce assets.

7. Bitcoin moons.

What am I missing?

"Bitcoin is a spiritual tool. As money is breaking down, we're becoming so hyper-fixated on money for survival that we're just becoming disconnected from everything else.

There’s a reason why one of the biggest industries in the world is the financial industry—it’s because when money breaks down, people need to protect their purchasing power. They need to invest, figure out ways to outpace inflation. The reality is, if we just had a money that allowed us to save—one that actually captured advancements in technology and productivity so prices fell over time—life would get easier. People would stop thinking about money. Because in the end, money is just a means to transact and express what we value.

Money is a spiritual tool. And Bitcoin is the apex of that. Because ironically, when we start living on a Bitcoin standard—even though it’s digital money—it gets us to stop thinking about money. It gets us to start thinking more about how we want to show up."

npub1tm2048gau5mp8u5kfnxk68y7wzzpv5ggpuluqmhlhrtaldl49kzs7elpna / Ep.33 / 10:44

Look at the Japanese 30Y. My god.

Guys???

Guys???

BREAKING: World wide US tariffs start in 30 minutes.

Here is the full list:

China - 104

Lesotho - 50

Cambodia - 49

Laos - 48

Madagascar - 47

Vietnam - 46

Myanmar - 44

Sri Lanka - 44

Falkland Islands - 41

Syria - 41

Mauritius - 40

Iraq - 39

Guyana - 38

Bangladesh - 37

Botswana - 37

Liechtenstein - 37

Serbia - 37

Thailand - 36

Bosnia and Herzegovina - 35

North Macedonia - 33

Angola - 32

Fiji - 32

Indonesia - 32

Taiwan - 32

Libya - 31

Moldova - 31

Switzerland - 31

Algeria - 30

Nauru - 30

South Africa - 30

Pakistan - 29

Tunisia - 28

Kazakhstan - 27

India - 26

South Korea - 25

Brunei - 24

Japan - 24

Malaysia - 24

Vanuatu - 22

Côte d’Ivoire - 21

Namibia - 21

European Union - 20

Jordan - 20

Nicaragua - 18

Zimbabwe - 18

Israel - 17

Malawi - 17

Philippines - 17

Zambia - 17

Mozambique - 16

Norway - 15

Venezuela - 15

Nigeria - 14

Chad - 13

Equatorial Guinea - 13

Cameroon - 11

Democratic Republic of the Congo - 11

Afghanistan - 10

Albania - 10

Andorra - 10

Anguilla - 10

Antigua and Barbuda - 10

Argentina - 10

Armenia - 10

Aruba - 10

Australia - 10

Azerbaijan - 10

Bahamas - 10

Bahrain - 10

Barbados - 10

Belize - 10

Benin - 10

Bermuda - 10

Bhutan - 10

Bolivia - 10

Brazil - 10

British Indian Ocean Territory - 10

British Virgin Islands - 10

Burundi - 10

Cabo Verde - 10

Cayman Islands - 10

Central African Republic - 10

Chile - 10

Christmas Island - 10

Cocos (Keeling) Islands - 10

Colombia - 10

Comoros - 10

Cook Islands - 10

Costa Rica - 10

Curaçao - 10

Djibouti - 10

Dominica - 10

Dominican Republic - 10

Ecuador - 10

Egypt - 10

El Salvador - 10

Eritrea - 10

Eswatini - 10

Ethiopia - 10

French Guiana - 10

French Polynesia - 10

Gabon - 10

Gambia - 10

Georgia - 10

Ghana - 10

Gibraltar - 10

Grenada - 10

Guadeloupe - 10

Guatemala - 10

Guinea - 10

Guinea-Bissau - 10

Haiti - 10

Heard and McDonald Islands - 10

Honduras - 10

Iceland - 10

Iran - 10

Jamaica - 10

Kenya - 10

Kiribati - 10

Kosovo - 10

Kuwait - 10

Kyrgyzstan - 10

Lebanon - 10

Liberia - 10

Maldives - 10

Mali - 10

Marshall Islands - 10

Martinique - 10

Mauritania - 10

Mayotte - 10

Micronesia - 10

Monaco - 10

Mongolia - 10

Montenegro - 10

Montserrat - 10

Morocco - 10

Nepal - 10

New Zealand - 10

Niger - 10

Norfolk Island - 10

Oman - 10

Panama - 10

Papua New Guinea - 10

Paraguay - 10

Peru - 10

Qatar - 10

Republic of the Congo - 10

Réunion - 10

Rwanda - 10

Saint Helena - 10

Saint Kitts and Nevis - 10

Saint Lucia - 10

Saint Pierre and Miquelon - 10

Saint Vincent and the Grenadines - 10

Samoa - 10

San Marino - 10

São Tomé and Príncipe - 10

Saudi Arabia - 10

Senegal - 10

Sierra Leone - 10

Singapore - 10

Sint Maarten - 10

Solomon Islands - 10

South Sudan - 10

Sudan - 10

Suriname - 10

Svalbard and Jan Mayen - 10

Tajikistan - 10

Tanzania - 10

Timor-Leste - 10

Togo - 10

Tokelau - 10

Tonga - 10

Trinidad and Tobago - 10

Turkey - 10

Turkmenistan - 10

Turks and Caicos Islands - 10

Tuvalu - 10

Uganda - 10

Ukraine - 10

United Arab Emirates - 10

United Kingdom - 10

Uruguay - 10

Uzbekistan - 10

Yemen - 10

2022: Phew, covid was shitty glad that's over!

2025: We're resetting the global trade and reserve currency system

Falling in love is easy. Having sex is easier.

But bumping into someone that sparks your soul... that shit's rare.

GA

I've been totally into Talk Tonight for the past 3 weeks, with an increasing smattering of Liam's Once. They are just speaking to me...

By Arthur Hayes

THE END:

Of US Treasuries and to a lesser extent US stocks as the global reserve asset. Since Nixon took the US off the gold standard in 1971, US treasury debt outstanding grew by 85x. The US had to create the credit dollars necessary for the growth in the world economy. This was good for some Americans and bad for others. Trump was elected on average by those who believe they didn't share in the US "prosperity" of the last 50 years.

If the US current account deficit is eliminated, then foreigners do not have dollars to buy bonds and stocks. If foreigners have to juice up their own nations' economies they will sell what they own, US bonds and stocks, to fund their nation-first policies. And even if Trump backtracks on the severity of the tariffs, no finance minister or world leader can risk Trump changing his mind again, and therefore things cannot return to the way they were. You must do what is best for your country.

THE RETURN:

Of gold as the neutral reserve asset. The dollar will still be the reserve currency, but nations will hold reserves in gold to settle global trade. Trump hinted at this because gold is tariff exempt! Gold must flow freely and cheaply in the new world monetary order.

A lot of those who had it good are in the denial stage, and share a delusion that somehow things will return to "normal". Poppycock.

For those who want to adapt to a return to pre-1971 trade relationships, buy gold, gold miners and $BTC.

That's enough on tariff shit. My next essay will focus on why USDCNY is going to 10.00 bc there is no way that Xi Jinping will agree to change China in the ways necessary to placate Trump. This is the super bazooka $BTC needs to ascend rapidly towards $1 million.

happy government will steal your gold day

92 years

The people should have the issuing power of money

- Thomas Jefferson (1816)

The State should have the issuing power of money

- Karl Marx (1848)

No one should have the power to issue money

- Satoshi Nakamoto (2009)

BREAKING: RFK Jr. confirms that he is creating a new Food Pyramid.

MAHA!

I thought I knew what tired felt like.

Then I spent 6 hours in an airport and 2 hours on the tarmac with a baby only to take 3 more hours to taxi back, get luggage, and end up back home 🥲

40 planes ahead of us on the runway and they said staff couldn’t work any more hours and plane was low on fuel after all the waiting HAHAHAHAHAHA

Them penguins better pay up in 🐠

nostr:note1w5zeff3qrkscpg37jhklmd42qreeqnzffv4ffh2lvqhq46fttu6s5jetzf