THE GOLDEN AGEThe fiat crisis has begun. So what wins in the end: gold, digital gold, or some other kind of precious metal or cryptocurrency? Only time will tell, and different assets have different failure modes, but here are some thoughts.(1) First: remember that Bitcoin's value proposition is seizure resistance. Not your keys, not your coins.(2) To explain what that means, think through the mechanics of physical gold. It's great...if you can buy it, transport it, secure it, and sell it safely. But it's m ...

“Of the 21 men I interviewed, 20 would have been impacted by the ballot measure. All 20 of them, including the Democrats, as well as several of the most committed diehard proponents of revitalizing San Francisco, are now developing an exit plan. (Three have already left.)”The ongoing sovereign debt crisis means Western wealth seizures have only begun.They’re starting by robbing Californian billionaires, but will end by expropriating American thousandaires.So, every man must plan for an exit.Move faster.Esca ...

WHO LOST CANADA?It was obvious that China/Canada would happen. Here's how it happened, and what may happen next.(1) First, in early 2025 it looked like Canadian conservative Pierre Poilievre was a straight shot to win Canada. Instead, all the MAGA posts about annexing Canada undercut Pierre, boosted left nationalism, and turned what looked like a sure thing into an epic defeat. The result was Mark Carney:(2) Carney is on the left but is far more intelligent than his predecessor, Justin Trudeau. He's also th ...

They’re just going to destroy every Western fiat ledger. Anything stored on any fiat ledger, from currencies to stocks to bonds, will be first exorbitantly taxed and eventually simply seized. Or simply inflated to zero. That is the logic of the sovereign debt crisis. ...

Here's the podcast that @BritishHodl and many Bitcoiners liked.0:00: Introduction1:32: West vs East6:33: The ascending world10:30: Denying while declining14:00: Millionaire migration map18:20: Several exponentials20:10: Four factions (Blue, Red, China, Internet)25:00: Red America v China33:05: Blue America v Internet39:35: Geographical splits43:52: Dollar inflation is global taxation49:30: Left and right ending their empire1:07:20: Superbitcoinization Is already here1:26:00: The Internet frontier1:32:00: So ...

What @slatestarcodex is saying is of course tongue-in-cheek.But this is real: Egypt leased their Mediterranean peninsula to the UAE in return for $35B.It’s a win/win for both countries. As the sovereign debt crisis gets underway, expect many more deals like this. https://t.co/XbLkjH4ANeScott Alexander (@slatestarcodex):@aphysicist I am a Singapore-controlling-Michigan's-Upper-Peninsula accelerationist. Not only should they own the land, but they should institute SIngaporean law there and build a hyperfuturi ...

When you see President Trump say things like, "We need to fix our deficits. We need to bring back a middle class. We need to bring back a manufacturing class. We need to be able to produce our own stuff." Is because there is a global trade imbalance happening where China's running a trade surplus of something to the tune of a trillion dollars a year. And the US given this economic alignment globally has racked up over $35 trillion worth of debt. And there are no marginal lenders to the United States anymore ...