A pretty crazy fact from Arthur Hayes' latest essay: A third of Nigerian GDP is conducted in USDT.

The fact that it is all out in the open like this — that insider corruption is accepted and common knowledge, that people close to power don’t even bother to hide the grift behind a curtain such that now there is a fund vehicle coming so that the very public getting scammed can

Well said.

Good read

Staying riba-free is good for longevity.

I’m usually not a fan of these but this is worth reading over and over again. Saving for myself most importantly.

I asked Grok 4 to give me arguments for and against Bitcoin being an NSA backed project: For: - The NSA developed the SHA-256 hashing algorithm in 2001, which is integral to Bitcoin’s proof-of-work mechanism, transaction verification, and address generation. - A 1996 NSA

Well said

This is probably one of the most important topics in all of economics and finance. Riba and credit creation go hand in hand. So why obfuscate?

Question from a follower: Do I understand correctly — from your interviews and other sources — that you're mostly aligned with the ideas of MMT, as presented by Stephanie Kelton, Warren Mosler, and others? I'm just trying to connect the ideas in my head as an aspiring writer of

The scale of suffering in Gaza: - UN estimates Gaza’s 2m people need 62k tonnes of food monthly; Israel has allowed less than 20k tonnes a month over last 5 months - 25kg of flour has gone up 17x in price; 1kg of tomatoes is up 50x - 1 in 3 pregnancies are now high risk - 1 in 5

Watch a man's mouth for five minutes and you know his master. Does he spit poison or speak life, because the tongue remembers who owns the throat.Your lips leak what your heart drinks and you can measure the distance between a man and heaven by counting how many words he speaks

“For every buyer there’s a seller, and one must ask: why would the other fellow be willing to part with a position that you think is attractive? If you can’t answer that question, you probably shouldn’t be buying.” — Howard Marks, Oaktree Capital

This is such a ridiculous take in so many ways. First of all, his numbers are WILDLY inflated, and I do mean wildly. The French revolution, for instance, didn't "kill 2 million people": most historians would agree that direct deaths from the Revolution (including the Terror)

The company lied about the tech they had, they faked the videos and there was never any hydrogen battery or hydrogen fuel stations. It was blatant securities fraud and the CEO just got pardoned. This really is the golden age of grift.

This is what unrestrained liberalism eventually leads to. The rationalisation of utmost indecency to the point where you are lost for words.

“Now convince the general public that they are predicting instead of gambling”

As an average educated Emirati Muslim female, I felt compelled to speak after watching multiple dysfunctional self-appointed "influencers" claim to represent us. After examining "Andalusion" by Rauda Alteniji, what I found goes far deeper than bad scholarship. A thread. 🧵 This

Venezuela killed the US. Or rather, it revealed it was already dead. In the history of the US’s relation with Latin America, what just happened in Venezuela is hardly unique: the U.S. government has intervened to change governments in Latin America a total of 41 times

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