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They will throw everything at it to keep it inflated. This is far from over.

One more quick musing before I go into surgery. Back soon!

A year ago, if somebody told us we’d witness a global pandemic, a civilian lockdown, plus the following annihilation of our purchasing power and a bailout of Wall Street, we’d expect society not to be as calm as it is now. Even with the killings of George Floyd and Walter Wallace, plus the Capitol storming, the status quo hasn’t changed. …

But since governments have failed to stop the crypto movement, this is what could happen in the future

In the 1980s, John Barlow believed he was about to change the world for the better. He created Cyberspace, an online digital utopia, which set out to free global citizens from elitist power and control. By outlawing any real-world authority in his manifesto, A Declaration of the Independence of Cyber Space, he declared the internet an elite free zone: “Governments of the industrial world. Cyberspace does not lie within your borders. We’re creating a world where anyone, anywhere, may express his or her beliefs without being coerced into silence and conformity. …

It’s only a matter of time before decentralization creates a bifurcated world — unless we fix the system

Right now, fortunes are being made in the crypto markets, but this keeps distracting us from recognizing the long-term effects of decentralization on modern-day society. Whether Bitcoin reaches $500,000, Ethereum becomes top dog, or another unknown successor takes the top spot, this does not matter when you realize the bigger picture. Satoshi Nakamoto’s whitepaper will start to transform the world in profound ways that we can’t truly comprehend. But what we can say is that it’s about to change a lot more than just the monetary system.

If you remember why Nakamoto created Bitcoin, it was a quiet protest against…

The legacy system encourages you to destroy your wealth. New-age systems set you on a path to financial freedom.

Many people ask me where they should put their money if they don’t want to ride the biggest bubble of all time in stocks, real estate, fine art, fine wine, pretty much every speculative asset class nowadays. I say crypto, which might seem a bit odd at first, but hear me out.

I’m not saying put 100% of your life savings into Bitcoin at what could be the peak of this crypto bubble. That’s insane. I’m saying Bitcoin is just a small part of the crypto space, and it keeps stealing the limelight from other systems that will help many…

There are now zero reasons to store our money in the legacy system, and we’re slowly coming to realize it.

In 1974, Bankhaus Herstatt, a seemingly innocent-sized financial institution, caught the attention of authorities worldwide. The German bank had taken on billions in U.S. dollar liabilities just to start participating in a new, secretive offshore market called the Eurodollar system. This was not your average marketplace. Transactions were exotic, executed over-the-counter, with bespoke terms and conditions. There were no pesky regulators, middlemen, or market makers intervening and setting prices. Instead, if both parties were satisfied with the risks they were taking, any kind of financial alchemy became possible.

As restrictions in the banking system collided with a rapidly expanding world…

Deep within shadow markets, major deflationary forces keep the U.S. Dollar alive

Over the past decade, critics of the Federal Reserve have come to realize central bankers have no idea what's happening deep inside the monetary system. With each mini-crisis, they invent new jargon, new tools, new policies all to convince us that they remain in charge. But if we read between the lines and dive deep into the financial weeds, we start to realize who's really calling the shots.

Today, we're lead to believe most of the money in circulation lies within the realm of the U.S. banking system and the Fed’s umbrella. In reality, most U.S. dollars exist offshore in…

The next bizarre catalyst that will pump markets to new all-time highs

Back in September 2019, a mini financial crisis had emerged inside the repo market: the elaborate interbank exchange that enables financial institutions including megabanks, pension funds, and hedge funds to carry out their global operations. After lingering at roughly zero since the 2008 financial crisis, the overnight repo rate — the premium that central banks pay to “repurchase” government securities from commercial banks — spiked to a whopping 10% intra-day high, indicating severe stress in the financial system.

For some money-market experts, however, this came as no surprise. They had warned that trillions in cash flowing from the U.S. Treasury’s…

The entire economy has been “subprimed” and there’s no way out

Time after time, over history, speculative manias seemingly emerge out of nowhere, fueling extraordinary booms that prelude devastating busts. After a while, you’d think we would have recognized how to avoid them, but as manias tend to occur every 20 years or so, the next generation is doomed to repeat the mistakes of their predecessors. And it’s been the same for over 300 years. From the Tulip Mania to the Dot-com Bubble, once leaders instill moral hazard in the minds of their citizens, cheap money ignites excessive greed and risk-taking, creating a speculative frenzy.

Although each bubble possesses unique characteristics…

Since nobody wants to come clean, I’ll start now

What do you think emerged as the top comment on a viral article entitled, “The Bitcoin Dream Is Dead”? Was it a healthy debate about proof of work? Concerns about crypto’s price stability? Perhaps an intellectual exchange between a crypto bull and bear? Nope. It was a message typed out vertically in Microsoft’s Japanese extension language that read: “Have fun staying poor.”

Now, emotions aside, everyone should find this comment amusing, but it highlights the issue of how some Bitcoiners choose to come across in the public sphere. …

This was anything but a revolution — sadly. “The Suits” benefited from the GameStop fiasco the most.

During the past two weeks, we’ve not only witnessed insanity in niche areas of the stock market but the power of the narrative. News of WallStreetBet’s assault on hedge funds who bet against GameStop spread so wide that numerous mainstream figures from Tesla’s Elon Musk to Virgin Galactic’s Chamath Palihapitiya couldn’t help but join in on the action.

And like in every other situation that forces politicians and journalists to report on issues in unchartered territory, cringe followed. Ted Cruz praised AOC’s support for retail traders after Robinhood suspended retail trading on meme stocks while “sophisticated investors” could trade them…

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