D Rock

ELON MUSK USED A JOKE TO PERFORM AN AUTOPSY ON THE AMERICAN ECONOMY. TWO ECONOMISTS GO FOR A HIKE. THEY FIND A PILE OF SH*T. ONE PAYS THE OTHER $100 TO EAT IT. THEY KEEP WALKING. FIND ANOTHER PILE. THE SECOND ECONOMIST PAYS $100 BACK TO EAT THAT ONE. THEY STOP. NEITHER MAN GAINED A DOLLAR. BOTH ATE SH*T FOR NOTHING. BUT ON PAPER... THEY JUST GENERATED $200 IN GDP. MUSK: “THAT BASICALLY WOULD COUNT AS A JOB. THIS IS TO ILLUSTRATE THE ABSURDITY OF ECONOMICS.” THAT IS NOT A PUNCHLINE. THAT IS THE OPERATING SYSTEM OF THE FEDERAL GOVERNMENT. EVERY TIME A POLITICIAN CELEBRATES “RECORD JOB CREATION”... THIS IS WHAT THEY ARE DESCRIBING. NOT OUTPUT. NOT VALUE. NOT PROGRESS. MOTION. THE ENTIRE BUREAUCRATIC MACHINE EXISTS TO MANUFACTURE FRICTION... AND THEN INVOICE FOR IT. COMPLIANCE LAYERS BUILT TO JUSTIFY THE NEXT COMPLIANCE LAYER. OVERSIGHT COMMITTEES THAT PRODUCE NOTHING BUT THE NEED FOR MORE OVERSIGHT. CONSULTING FIRMS HIRED TO AUDIT THE WORK OF OTHER CONSULTING FIRMS. TRILLIONS CIRCULATING THROUGH SYSTEMS THAT HAVE NEVER PRODUCED A SINGLE THING YOU CAN HOLD IN YOUR HANDS. BUT THE GDP NUMBER TICKS UP. SO EVERYONE APPLAUDS. THE SH*T GETS EATEN. THE SCOREBOARD MOVES. NOBODY ASKS WHAT ACTUALLY GOT BUILT. THIS IS WHY WASHINGTON TREATS AI LIKE A FIVE-ALARM FIRE. AI DOES NOT PLAY THE FRICTION GAME. IT DOES NOT FORM A COMMITTEE. IT DOES NOT SCHEDULE A REVIEW. IT DOES NOT FILE 400 PAGES OF PAPERWORK NO ONE WILL EVER READ. IT JUST SOLVES THE PROBLEM. AND THAT IS THE ONE THING THE MACHINE CANNOT SURVIVE. THE GOVERNMENT DOES NOT TAX RESULTS. IT TAXES THE PROCESS. THE LONGER THE PROCESS... THE DEEPER THE CUT. AI COMPRESSES A TEN-DAY WORKFLOW INTO SECONDS. THERE IS NOTHING LEFT TO BILL. NOTHING LEFT TO TAX. NOTHING LEFT TO SKIM. SO THEY WILL SPEND THE NEXT DECADE WARNING YOU THAT AI THREATENS THE ECONOMY. WHAT THEY WILL NEVER SAY IS WHAT IT ACTUALLY THREATENS. THE ILLUSION THAT ACTIVITY EQUALS PROGRESS. THE $200 ECONOMY WHERE BOTH MEN ATE SH*T AND CALLED IT A JOB. THE MACHINES ARE NOT COMING FOR YOUR PURPOSE. THEY ARE COMING TO PROVE THAT HALF THE ECONOMY NEVER HAD ONE.

After much lower than expected CPI report ethereum:native squeezes above the range we've been discussing into the band of liquidity I've been calling out. Now we wait and see if this is just a short squeeze or if this is the start of a more solid move to the upside. Big addition of open interest on the move. Let's see