Useful to get China's point of view.

But a bit of self reflection might also be in order. China's exports of manufactures are 2x its imports, and its surplus in manufactures is approaching $2 trillion

1/2

#TurkeyWatch 🇹🇷: Turkey’s inflation rate continues to SOAR. Today I accurately measure inflation in TUR at a PUNISHING 72%/yr.

This is because CBRT Gov. Fatih Karahan is unable to control the money supply (M3), which CONTINUES SURGES at ~65%/yr.

Here's all you need to know about Thailand's $14 billion 'digital wallet' cash handout scheme by Thomas Kutty. The government plans to roll it out this year to jumpstart growth in an economy that’s lagged behind most countries in Southeast Asia: bloomberg.com/news/articles/…

Who could have thought that with budget deficits of 7pc of GDP at a time of full employment, we’d end up with an inflationary boom? What were the odds?

#Bitcoin : *transmits $1T+ worth of value annually on a p2p global network that is kept in sync every ten minutes by miners generating proof-of-work at a rate of 600 exahashes per second and fully audited in real-time by 75,000+ independent nodes*

Critics: 'Bitcoin doesn't work!'

I think fiscal dominance connects a lot of the dots here.

German proven concept to fight climate change:

1. Close nuclear power plants

2. Keep coal mines going instead

3. Underreport coal mines emissions by factor of 184

Brilliant, isn’t it?

Just finished Broken Money by Lyn Alden. Thanks for a great read, heavily recommend👍 Lyn Alden

Part 1/2 with Lyn Alden & Luke Gromen out now!

This is a banger episode.. of course

We discuss:
- U.S debt & fiscal dominance
- Gold, Real Rates & Russian FX Reserve Sanctions
- Financial repression
- Yellen's trip to Beijing, deglobalization & much more!

Part two of…

I don't really care about 1-day moves in general, but I found it odd that during market hours after the hot CPI print that pushed a lot of asset prices down, bitcoin is up on the day (after being shot down briefly) while gold and the S&P 500 are down.

Probably noise.

Lyn Alden

If you can get around the copyright issues, this might be a good cover for the 'Banana Republic Fourth Turning' definitive edition re-release of your book in a few years

US 10-year Treasuries are having their worst day since May 2023, with yields surging after the one-two punch of a hot CPI and a bad auction. Peter Boockvar: '10 yr auction was bad...Dealers were left with 24% of the auction, which is the most since Nov. 2022.'

Incredibly fast onboarding.
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Free automated withdrawals (w/ thresholds).
Recurring buys.
IRAs.
Collaborative custody.
It's all coming together...

- Jerry: We're going to let him exclude food, energy, shelter and cars from CPI?
- Kramer: It's an exclusion for him
- J: How is it an exclusion?
- K: He just excludes it
- J: How?
- K: Jerry, all big economists exclude everything
- J: You don't even know how inflation's…

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Supercore is superchared

+ 70 bp m/m

Lezzzzzgoooo

The Treasury securities market is supposed to be among the deepest and most liquid markets in the world, but since at least 2019 it has been getting more disorderly.
#FiscalDominance

The treasury system is the base of the fiat pyramid scheme. You heard it here first.

Tyrants need censorship, confiscation, and closed capital markets

Bitcoin is free speech, property rights, and open capital markets

You do the math ✌️