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Balaji· 2025-11-07 09:34
Macroeconomic Trends & Geopolitical Shifts - The period from 1950-1990 is identified as an atypical era of Westernization and centralization [1] - The global economy's center of mass is shifting back to Eurasia, leading to a decline in the West's relative strength [2] - The West's living standards are heavily reliant on its continued absolute dominance, supported by the US dollar's status as the global reserve currency [3] - A decline from the undisputed 1 position could contract the tax base for dollar inflation from 1-3 billion globally to approximately 300 million Americans, potentially causing a 60-90% drop and increasing inflation [4] - Market participants are observed selling Western bonds and investing in Chinese bonds, gold, internet stocks, and internet currencies [7] - The 20th-century Western economy is being superseded by China and the Internet [7] Sovereign Debt & Financial Instability - Issues are shared across the entire G7, with France and the UK potentially requiring IMF bailouts [6] - Soaring yields are observed across the US, France, UK, Italy, Germany, and Japan, while Chinese yields are falling [6] - Western governments are perceived as bankrupt [8]
X @Balaji
Balaji· 2025-11-07 09:13
If a car is headed downhill, and swerves left, and then right, and then further left, and further to the right, it doesn't actually arrest the descent. However, all the swerving may make the car crash faster.The G7 is like that car. It's the descending world. https://t.co/nAN6ntxgPGRay Dalio (@RayDalio):History shows us that having too much debt during an economic downturn leads to a classic, self-reinforcing cycle where:1) The empire can no longer borrow the money to repay its debts2) It prints a lot of ne ...
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Balaji· 2025-11-07 09:00
RT Cory Levy (@cory)inspiring to see what @balajis has built at the Network School https://t.co/LsH6eqoGCr ...
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Balaji· 2025-11-04 12:48
Software Development & Problem Solving - Software development addresses problems created by software itself [1] - Fixing bugs on GitHub exemplifies using software to solve software-related issues [1] Engineering & Crisis Management - The idea that engineering cannot solve crises it creates is considered flawed [1]
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Balaji· 2025-11-04 12:14
Climate Change & Growth - The report suggests that "degrowth" was not the solution, but rather exponential growth is needed [1] - RMI (Rocky Mountain Institute) provides a source of climate hope [1] - The report is linked to a team at RMI [1]
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Balaji· 2025-11-04 12:12
Technological change > climate change. https://t.co/D9a7wGZrIn ...
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Balaji· 2025-11-03 18:37
Geographic Shifts in Finance - Traditional financial centers like NYC, London, and Tokyo are declining in importance due to factors like Fintech legislation and socio-economic issues [1] - Miami, Dubai, and Singapore are emerging as alternative financial hubs [1] - London has seen an outflow of over 250,000 (250 thousand+) British residents to Dubai [1] - Thousands of Chinese expats have relocated from China to Singapore [1] - New York is potentially losing financiers to Miami, accelerating an existing trend [1]
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Balaji· 2025-11-03 18:26
NYC → MiamiLondon → DubaiTokyo → SingaporeThe new capitals of capital.Mayor Francis Suarez (@FrancisSuarez):As we start a very consequential week for Miami, this video highlights the difference between Cuba and Miami between communism and capitalism. Very powerful. It’s in Spanish. Democracy requires participation to thrive. Please vote this week. Study the candidates carefully and ...
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Balaji· 2025-11-02 04:52
Just like we set up bridges between cryptocurrency and fiat currency, we'll need to set up bridges between cryptoidentity and fiat identity.Core to that is understanding the existing cryptography embedded in fiat passports:https://t.co/PmpdiftrcfTrail of Bits (@trailofbits):Modern passports use embedded chips to prevent forgery and unauthorized access. But with 5-10 year lifespans, insecure legacy protocols persist that put passport holders at risk.https://t.co/gpjOD6mv2C https://t.co/lQxKmxBjWU ...
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Balaji· 2025-11-02 04:51
After cryptocurrency comes cryptoidentity.So, we'll need to understand government passports as well as we understand government paper. A key concept here is that modern passports are actually embedded devices. So you can scan them, and compute on them.https://t.co/gofYVZc1WT ...