🚨 GOLDMAN SACHS DROPS DOOMSDAY STATEMENT: U.S. BONDS HAVE NO BUYERS
Goldman Sachs just admitted the long end of U.S. Treasury market is “totally bidless.”
Translation: almost nobody wants the 10- to 30-year debt the U.S. is trying to sell.
No buyers. None. Zero.
While Treasury Secretary Scott Bessent tells Congress we’re in an “illiquid period,” doubles then triples long-bond buybacks, taps the General Treasury Account to fund it and openly says “I am the house.”
Yields are surging anyway. The 10-year has pushed toward 5.3% and the 30-year is even higher, levels not seen in years while Japan, one of the biggest foreign holders, keeps selling Treasuries and bringing money home.
This was exactly warned by Japan’s @yutokanzakireal that the measures being prepared by Bank of Japan will affect the lives of billions of people and apologized to people of the West.
Soon after, Scott Bessent intervened and effectively took over BoJ operations which Japanese policymakers heavily criticized.
If the same ”bidless” condition hits the short-dated treasuries market, the entire U.S. debt market (and global) collapses.
The U.S. debt crisis will turn into a global liquidity crisis.
The Bitcoin source code is stored in the Arctic.
In 2020, Bitcoin’s source-code repository was included in GitHub’s Arctic Code Vault project.
GitHub took a snapshot of the active public Bitcoin and other important open-source project repositories, recorded 21 terabytes of data on 186 reels of archival film, and transported the collection to Svalbard, Norway.
It was deposited on July 8 in a decommissioned coal mine beneath the permafrost.
The storage project was designed with a thousand-year preservation goal.
What went into the mine was Bitcoin’s software source code, not everyone’s bitcoin, and not their private keys. Bitcoin joined a physical archive that also included Linux and Python.
@PaulKlayVC Hey Paul! I’m very well connected in the VC industry. Currently teaching an entrepreneurship course among Kamran Elahian x4 Unicorn IPOs from Silicon Valley. Send me a DM and let’s grab a coffee!
Vibe hardware is here.
I gave Astra my credit card and asked for a Teenage Engineering-style mini DJ controller.
It generated a concept image, sourced parts, read Chinese datasheets, built a CAD model, ordered everything, then made a Blender animation showing how to assemble it.
CHAT CONTROL IS COMING
Even though most Members of the European Parliament have voted to REJECT Chat Control, we have not been able to reach the absolute majority that was needed (361 Members).
This is a sad day for Europeans.