Which is a better measure of leverage in the US financial system: S&P P/E ratio * US10Y yield or S&P P/E ratio / US10Y yield? Or neither?
âLend me your Bitcoinâ
Value will continue to flow from people who donât realize theyâre being crushed in real terms, to people who realize theyâre winning in real terms.
Them: The Fed can buy an infinite amount of government bonds with no consequence.
Me:
If Saylor and Bhatiaâs vision comes true, i.e. Bitcoin doesnât eat government bonds, then Bitcoin is a failure. Donât overthink it, Bitcoin eats all monetary premiums.
GM, central banking is a scam.
Arguably started by the USA with the Maidan coup in Ukraine 2014.
So Meta claws back $168M in US taxpayer money for themselves.
Permanent state of exception. https://en.m.wikipedia.org/wiki/State_of_exception https://m.youtube.com/watch?v=Fa0w5mE_434
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This was a great episode with nostr:npub1hk0tv47ztd8kekngsuwwycje68umccjzqjr7xgjfqkm8ffcs53dqvv20pf. A second conversation is definitely warranted! https://m.youtube.com/watch?v=Fa0w5mE_434
Permanent state of exception. https://en.m.wikipedia.org/wiki/State_of_exception https://m.youtube.com/watch?v=Fa0w5mE_434
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Podcast episodes with Americanhodl and Cason
DIY is tax-free labor.
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The experience of being surveilled, taxed, controlled
Thatâs what I was trying to get at. Itâs obviously not issued by a central bank, but in practice, is the user experience the same or similarâŚ
The dollar is backed by cowardly obedience.
I switched my light bulbs to incandescent so the CIA canât use LED bulb oscillation to trigger the aluminum in my brain, that they sprayed in the sky, to make me docile and vulnerable to remote-viewing, private key extraction.
Saying literally anythingâŚ
Gigi and Pablo:
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My main grievance with Friedman is how he talks about the central bank and money printing. Ex. He gave a speech about how during the Great Depression, they didnât print enough and that was what caused all the problems, meanwhile making no mention of the stimulus during the 20s that caused the malinvestment in the first place. Basically boils down to: if only they printed the exact right amount of money, then everything would be okay and Iâd be right, almost like Sam Harris. He always gets to have his cake and eat it too. So dumb.
When will Bukele announce Tether standard?
Ok glad it wasnât just me then haha. nostr:npub1xnc64f432zx7pw4n7zrvf02mh4a4p7zej3gude52e92leqmw8ntqd43qnl had a similar reaction too đŹ
Someone needed to share in my agony. 
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Enjoy
Midtown Manhattan especially
Right, aligning with US, Israel, and Ukraine seemed inconsistent.
But this talk attempts to give some nuance about what Milei is doing
https://www.youtube.com/watch?v=2qjRrbsPPQs
Imo, the drama between the two on a personal level can be completely ignored in favour of putting concrete policy actions under the microscope to understand how he is dealing with Argentina's crisis. That's more useful.
I appreciated Mileiâs point on the theoretical vs practical effects of just closing the central bank, but donât think it was necessary to call Hoppe an idiot. Canât find this whole interview. nostr:note16yme49w2c5e7d7vwa0fgf59vtnpzqtkldu5knt29rmz7awsgctksztm60p
