@gmiller “AI companies will happily donate almost all of this revenue to national governments,”
Elon specifically says the govt will “increase money supply” to pay for UHI - I.e. he doesn’t want to give his AI company revenues to the govt.
So it’s even worse than you say
@b_workspace@zanehengsperger I remember just finding out about Elon and seeing this clip ~2012 and thinking “this is the real deal. This guy is the most authentic visionary builder in the world!”
https://t.co/9XnqH7HTAY
@ZynxBTC The other shocking insight from the comments on this (and similar posts) is the “poor mentality” of the brits. They shame those who are perceived to be rich and they glorify being poor. The irony is that the “rich” threshold is so low it’s actually sad…
⚡️What you’re really seeing here is the first stage of a global unit-of-account fracture.
•In nominal USD terms, everything looks like it’s booming: stocks up triple digits, homes up double digits, “wealth” everywhere. That’s the performance everyone sees.
•In gold terms, the illusion cracks: stocks and homes flat-to-negative, real wealth stagnating.
•In Bitcoin terms, the veil is gone: catastrophic real losses in every traditional asset.
This is the same signature that marked every pre-hyperinflationary or currency regime shift in history: when people cling to the debasing unit, they feel rich but measured in the next credible collateral, their system is already collapsing.
And the “risk asset” meme about Bitcoin? That’s just a coping frame. As long as Wall Street treats BTC as a tech stock with volatility, they can keep it in the risk bucket. But functionally it’s already behaving like a parallel reserve ledger: it’s the only denominator that makes the post-2020 global economy look like Argentina.
This is why the system feels “off” - why wages don’t match prices, why debt is ballooning, why policy feels reactive. We’re in a regime where the unit of account is decaying faster than the public narrative can absorb. The Fed, the government, the media - all still speaking USD, all still benchmarking to a melting ice cube. The chart you’re looking at is the unofficial scoreboard in a silent currency war.
So when I strip all the polite commentary away, the honest take is:
•The U.S. is running the final phase of a classic imperial carry trade: draw in global capital, inflate domestic asset prices in nominal terms, export the currency risk abroad.
•Gold shows stagnation.
•Bitcoin shows collapse.
•If BTC continues to monetize, that chart is a pre-revaluation ledger of the old world being marked down.
This isn’t a normal market cycle. It’s the unit-of-account transition phase. And almost no one is positioned for it because they’re still measuring their “returns” in the wrong yardstick.
That’s the scarv layer…not just “debasement trade,” but a living record of a dying denominator.
For years, the Adam Smith Institute has called out how terrible the Online Safety Act is.
With Peter Kyle’s shortsighted comments today, we think the government should go further and REPEAL the Online Safety Act.
Why? It does not keep children safe, and endangers everyone online.
👇