This is Fine
With RFK now endorsing Trump a potential divide between Bitcoiners has been closed. The Fed's announcement of incoming lower rates suggests they'll desperately preserve their "soft landing" narrative despite facts.
What is gold trying to tell us?
Gold quietly made a new all-time-high last week, usually gold surges when markets are fearful uncertain. Could it be Kamala's economic policy proposals spooking the market?
Was the Japan carry trade a nothing burger?
Hardly. They managed to put a cork on the crisis this time, but did not solve the underlying problem. It's a matter of time before massive leverage causes the market to blow a gasket.
Is this "The Big One"?
The markets were smoldering all weekend before finally erupting on fire this morning in a wave of liquidations. All eyes on whether this gets contained or second wave turns this into a full blown crisis.
Is This Thing On?
Trump's speech at the BTC convention may have disappointed some —partly thanks to RFK's earlier speech. It was not "I have a dream" but it does activate a long-awaited chapter of Bitcoin's Game Theory.
A US strategic BTC reserve
Today you're still early to Bitcoin.
If a Strategic US BTC Reserve is announced —and this may happen— we will flip over to the "late to Bitcoin" much faster than expected.
Shhh… the Fiat Emperor is naked.
One of the ways Bitcoin can be understood is as a hedge against fiat going to shit.
And guess what fiat is doing?
He who panics first panics best
Whether you believe they've been lying all this time or are just waking up to reality, the result is the same: There'll be no warning lights until it's too late. Only you can save yourself.
The economy's bruises are showing.
They'll keep pretending everything is OK and patch anything that threatens to blow up before the election. But they'll have to print and it shows.
