Black Muddy

And yet, the 'official government reported' CPI inflation rate over the last five years is just 24.7%.

@HodlMagoo @RayDalio Big week. China’s bidding.

Boomer @RayDalio picking and interesting time to criticize Bitcoin.

TODAY is the day. The DOJ must charge Fauci for lying under oath or lose the chance forever. This man oversaw gain-of-function research at the Wuhan lab, lied to Congress about it repeatedly, and watched as you were called crazy for asking questions. The statute of limitations expires tomorrow. The American people have waited long enough for accountability.

But outdoor fentanyl use and defication is fine.

@willywoo I would imagine the risk profile of STRC will improve substantially if the Basel Committee adjusts it’s risk weighting for BTC🍿

I ask Grok and Gemini to assess the risks investing in Strategy's $STRC yield instrument. Then I asked it to estimate a yield that would fairly compensate the investor for the risk undertaken. Both concluded 11.5% was underpaying for the risk. Grok: 17-22% APY Gemini: 16% APY

Gary, good to see you finally talking seriously about asset inflation, the real enemy of the voters. This is what is creating the deep wealth divide and this is what is hollowing out the country. Truth is, we both benefit from it. We both sit on the winning side of a system of asset inflation as we both hold assets (I’m assuming you do because you’re rich init). But your argument collapses here: 1. Blame the billionaires 2. Tax wealth harder bro You can’t just conclude that every crisis since 2008 is blame the billionaires, unless: 1. You have no idea what you are talking about 2. Or you do, but you’re playing politics for someone else’s agenda 3. Or you’re just a commie and the shoe fits All those people paying for your Patreon and watching your YouTube can’t be expected to know these things work, so let’s honest, yeah? The 2008 crisis was a debt-fuelled financial system on crack, backstopped by governments and central banks. I’m deeply suspicious of the role asset managers play, but you have to acknowledge the role that politicians play. If we keep electing half wits we will keep having problems. Central banks pushed interest rates to zero, because their goal is to maintain power, juicing the system helps this. Any economist knows that the economy has cycles and rather than allowing them to play out, they have paid off credit cards with new credit cards. Great for you and I, shit for most people. Inflation is always and everywhere a monetary phenomenon (thanks Milton), and the rich will always take advantage of this. But this is also the choice of the state. What do you expect people to do with this cheap money, they’ll of course buy cheap assets. Everyone should. That isn’t simply rich people being greedy, it’s the entirely predictable mathematical outcome of a monetary system designed around perpetual expansion of debt and currency. You know this though. You do right? Please tell me you know this. If the Green’s were ever to win power, they will face the same fiscal challenges - especially with all their spend promises, these will get more challenging if they think they can solve this through higher taxes and crushing business. So guess what, they’ll have to inflate the money supply too. Argentina, Venezuela, how many examples do we need for how this plays out? You correctly identify the symptom: asset prices detached from ordinary living standards. Cool. High five. Your weakness is moralising the cause. Emotion is good for clicks but we should strip away emotion and deal with facts. Can we please agree that the problem is deeper than inequality. The problem is a system where governments create the problem because their common goal is power, power means promising things they can’t afford - the resulting debasement extracts wealth upwards and the poor and middle class absorb the losses through purchasing power and wage stagnation. Tax wealth harder sounds good when you have created the enemy, and even if you do (they’ll leave), even if they don’t leave (they will), if the underlying monetary architecture remains broken, all you’re doing is redistributing claims inside a structurally inflationary system. Hello socialism. Hello universal misery. You cannot tax your way out of monetary dysfunction. No credible economist thinks this. And MMT is garbage. We have so many problems that need fixing which can create long-term prosperity: - Fix the energy crisis - Fix the productivity crisis - Fix the housing supply crisis - Fix the regulation crisis - Fix the demographic crisis - Fix the thick politician crisis You could confiscate half the wealth in Britain tomorrow and we would still not build enough homes, produce enough energy or generate enough productivity growth. I know these aren’t simple slogans, facts are hard. We have a debt-saturated fiat system fused with an overgrown state that increasingly protects asset holders while hollowing out productive society. Blaming the rich is cheap politics.

The United States WILL lead the way on digital asset innovation!

The reason so many invest in real estate & price out young people is that inflation makes the dollar & savings accounts useless so everyone needs to use their home as a saving account instead. Monetary policy is the problem, but like all lefties in human history you are programmed by your banker owners to never even notice this, let alone speak about it, and instead go after actually productive people to ensure they remain ground under the heels of your owners.

Let's pass the Clarity Act out of the Banking Committee on Thursday!

.@AOC’s claim that “you can’t earn a billion dollars” isn’t just economically illiterate - it reveals a fundamental misunderstanding of how wealth is actually created. Billionaires aren’t paid a wage. They aren’t compensated by the hour. They’re owners. And ownership means bearing risk that most people never face and would never accept. @elonmusk didn’t become wealthy because someone handed him a check. He put everything on the line, repeatedly, and built companies that employ hundreds of thousands of people and changed entire industries. @JeffBezos didn’t extract wealth - he created it - by solving a problem for hundreds of millions of consumers who voluntarily choose to use what he built. That’s the key word: VOLUNTARY. Every dollar a billionaire earns in a free market is the result of millions of individual consumers saying: “Yes, this product or service is worth it to me.” Wealth accumulation at that scale is simply the mathematical result of creating extraordinary value for an extraordinary number of people. The market doesn’t pay you a billion dollars - millions of free people do, one decision at a time. Now contrast that with career politicians. What risk does a career politician bear? What product do they offer that you can choose to accept or reject? They hold office for decades, accumulate power through coercion and compulsion, more than by voluntary consent. They then leave wealthier than they arrived, having produced nothing a single citizen was free to refuse. That is the economic model worth scrutinizing: earning a living off taxpayers for decades without ever building a single thing. You don’t have to admire billionaires. And we need to amend our tax code to prevent loopholes that allow anyone from paying their faire share but the audacity here is breathtaking.

Ironically, the entity that obtains all of its money without earning it is the one AOC is the biggest champion of: the government.

I came to the Senate to fight for Wyoming, and that means fighting for American leadership in digital assets. Wyoming has led the way before Washington caught up. Our state proved this industry could be regulated responsibly. Now the Senate must finish the job.

JUST IN: 🇺🇸 SEC Chair Paul Atkins calls for Congress to pass crypto market structure legislation and "send the Clarity Act to President Trump's desk."

More specifically, never bet against the fiscal-driven debasement train.

What a naive and wrong point of view. So much of leftist politics and thinking these days is about justifying envy. I’ve co-founded six different multi-billion dollar companies, with more on the way. AOC perhaps isn’t bright enough to make a lot of money without massive grift - sure. But 10000’s who worked with me are rich; some are also billionaires! Our innovation sector is the best in the world, solving problems and growing the pie with US talent for a brighter future for all. I’m aligned against cronyism. But demonizing success is totally unAmerican.

Sure you can earn a billion dollars. I've been teaching people how to do it for 20 years. The way you do it is to start a company that grows fast. You don't have to do anything bad to make a company grow fast. You just have to make something people want. paulgraham.com/ace.html

To whom it may concern: Jarrod Walker has co-written some of Billy Strings greatest work (Red Daisy, Gild the Lily, This Old World, Gone a Long Time, Show Me the Door). Out today, his debut record is a perfect balance of trad. and prog. bluegrass and a testament to his undeniable talent. You should listen to it. 9/10🔥

taking the 'billion' out of the conversation for a second, it's worth reminding everyday folks what the anatomy of the State is actually all about- the State is an institution for social service. it feigns representation but the reality is that we are not the government, and the government is not us the State is also the only organized endeavor that obtains its revenue not by voluntary actions (such as the mutual sales of goods and services) but by coercion and compulsion. the State makes it a crime to not collect their revenue these conversations below will never advance democracy if we do not understand this very basic principle. only after, can we start talking about the "billion" question but the first principle we must agree is: AOC has never "earned" anything. she coerced her pay

The US federal budget is $7 trillion. There are 535 in the Senate and Congress. They collectively allocate that money. Specifically: 7000/535 = 13 billion per official. Which means AOC is a political billionaire. She allocates far more than any market billionaire. Indeed she allocates ten billion liquid, per year. A market billionaire has one billion, illiquid, per life. So: AOC spends 10-100X what a market billionaire has. It's not even close. She's right about one thing, though. AOC didn't earn the tens of billions she spends. The state taxed that money, by force.

A person can buy Bitcoin and suffer for ten years. They check the price every hour. They argue online. They feel genius on green days and stupid on red days. They outsource their mood to a chart. Even if they win financially, they become a “miserable success.” The wiser version is different. You study it. You decide your thesis. You size it so you can sleep. You secure it properly. You stop needing everyone else to agree with you. Then you go live. Build. Love your family. Develop skills. Create value. Let Bitcoin be savings, not personality.