The Constitution’s 3/5 clause is often understood as the ultimate insult to enslaved Americans. One person who didn’t see it that way? Frederick Douglass.
Follow the Money
Listen closely. This is how the illusion is maintained.
When the Fed pays banks 5%+ interest on reserves, but earns less on the bonds it holds, it books a loss. They call it a “deferred asset.”
Translation: The Fed is now borrowing expensive money to hold cheap debt. That makes the government’s balance sheet look healthier than the cash flows actually are.
I call this financial sleight of hand. It’s not about “losing money.” It’s about shifting risk and hiding the true cost of debt.
This is The Great Taking in slow motion: centralize control of capital, rewrite the accounting, and keep the public focused on GDP while the collateral gets pledged behind the scenes.
It’s not just the U.S. Every central bank playing this game is doing the same thing. The question: if their books are opaque, whose books are transparent? Yours. Start with real assets.
At PayPal, Peter Thiel made every employee focus on exactly one thing. The team rebelled until they understood why.
Keith Rabois on the rule that forced breakthroughs:
The US manufacturing sector recovery is accelerating:
Chicago’s PMI Manufacturing Index jumped +13.5 points in May, to 62.7, the highest since March 2022.
This marks the largest monthly increase since the 2020 pandemic recovery and the 2nd-largest since this index's inception in February 1967.
This index has now been in expansion territory, above 50 points, in 4 out of the last 5 months.
New orders jumped to their highest level since January 2022, alongside a recovery in order backlogs and supplier deliveries.
Meanwhile, prices paid surged to their highest level since May 2022, led by rising oil prices and transport fuel surcharges.
US manufacturing activity is gaining momentum.
🧵New Orleans just proved failing schools can be fixed at scale.
It became America’s first all-charter school district.
The results are staggering:
• 99th percentile nationally in reading growth
• 98th percentile in math growth
• The only state in America beating pre-pandemic levels in both subjects
This is what real reform looks like. THREAD 🧵
Fiat currencies are in an eternal bear market against gold:
Since 1971, the US Dollar has lost -99.24% of its value against gold, the 2nd-largest decline among major currencies.
Over the same period, the British Pound has declined -99.57%.
The Euro would have lost -99.08% against gold if it had existed since 1971.
Furthermore, the Japanese Yen and Swiss Franc have dropped -98.27% and -96.07%, respectively.
Meanwhile, gold prices in US Dollar terms are up +11,119% over the same timeframe.
Own assets or be left behind.
The most successful people aren't the most goal-driven. They're the ones who fell in love with the process: the research, the practice, the boring hours everyone else skips.
Berkshire Hathaway director Chris Davis: "Often, people make a distinction between growth investors and value investors. That, to us, is a strange distinction because a company that grows profitably is more valuable than one that doesn't grow."
"Growth is a component of value."
The majority of recycled polyester is made from PET plastic. Typically old plastic bottles that get shredded, melted down, and spun into synthetic fibers
This is turned into leggings, sports bras, workout tops, underwear, pajamas and clothes we wear directly on our skin for hours
But it doesn’t stop there, it’s treated where chemicals. The new clothing gets treated with dyes, finishes, stretch chemicals, odor-control coatings and more
This is all true
The vast majority around 99% of recycled polyester in clothing comes from post-consumer PET bottles, which are shredded, melted, and spun into fibers for activewear, leggings, underwear and more
Recycling doesn’t turn plastic into a natural fiber, it remains a petroleum-derived synthetic polymer
Just because it’s “Recycled” doesn’t mean it’s non-toxic, natural, or breathable: It doesn’t magically become skin-friendly or healthy just because it had a previous life as a bottle
All polyester sheds microplastics during washing and wear. Recent 2025 studies found that recycled polyester often sheds 55% more microfibers than virgin polyester and the particles are smaller. This makes them potentially more harmful as they spread easier and penetrate deeper
Recycled polyester requires additional chemical processing, dyes, and performance coatings for odor control, stretc my and more
This results in a chemical cocktail you’re wearing directly on your skin
In nature, polyunsaturated fats appear in serious quantities in exactly one category of food.
The food that bears, marmots, hamsters, and ground squirrels eat in the autumn to slow themselves down for hibernation.
Linoleic acid, the dominant PUFA in seed oils, has been studied for decades in hibernating mammals for one reason. It works. Feed a marmot a high linoleic acid diet in autumn and it will hibernate longer, drop its body temperature lower, and reduce its metabolic rate further than a marmot fed saturated fat.
The mechanism is in the cell membranes. PUFAs incorporate into the phospholipid layer and change how the membrane behaves at low temperatures. The heart's calcium pump keeps working in the cold. The body shuts down safely. The animal survives the winter on stored fat by being almost completely inert for months.
You are now eating roughly ten times more linoleic acid than a human ate a hundred years ago.
It is in the soybean oil in your salad dressing. The sunflower oil in your crisps. The rapeseed oil the chippy fries everything in. The grain-fed chicken thigh that was raised on the same soy your salad dressing came from. The pork belly from a pig fed dried distillers' grains. The eggs from a hen who has never seen a pasture.
You have built yourself a pre-hibernation diet.
Then you wonder why you are tired, cold, and putting on three stone of insulation around your middle that the personal trainer cannot shift, the dietician cannot explain, and the GP wants to medicate.
Your body is doing exactly what it has been told. You have spent a decade marinating your cell membranes in the chemical signal for "winter is coming, shut everything down, conserve."
Congratulations. You have successfully convinced a creature evolved to chase mammoths across the steppe that it is, in fact, a hamster.
In 1973, the average sperm concentration of a healthy Western man was around 100 million per millilitre.
By 2011, it had fallen by more than half.
The 2022 update extended the data to 53 countries and 57,000 men. The rate of decline since 2000: 2.64% per year. Accelerating.
The work is led by Levine, Swan, and colleagues, published in Human Reproduction Update, and uncontested in its core findings.
The genetics did not change in those 38 years.
Everything else did.
The 1973 man ate beef, butter, eggs, full-fat milk, and bread that fermented overnight. He worked outside. He was lean.
The 2011 man eats margarine, seed oil, soy protein, oat milk, low-fat yoghurt, and microwaved ready meals from plastic trays. He sits indoors. He is overweight.
He is also consuming, daily, more phytoestrogens than any male population in recorded human history. Soy isoflavones in the protein shake, the meat substitute, the infant formula, the breakfast bar. Lignans in the flaxseed cracker. Isoflavones again in the oat milk. Compounds that bind to oestrogen receptors and were, until recently, considered medicinal at the doses now routinely consumed before lunch.
The 2026 man, on the current trajectory, will be functionally sub-fertile by 2045.
The official position is that the cause is unclear.
The cause is on every shelf in his kitchen.
Here's the simple reason ruminant meat (beef, lamb) is metabolically superior to monogastric meat (chicken, pork).
Monogastrics store whatever they're fed. Grain goes in, linoleic acid ends up in the fat. Pork fat now runs around 20% PUFA. Chicken fat around 25%. The bird and the pig are, in 2026, walking vehicles for the seed oils they were finished on.
Ruminants are built differently. The four-chambered stomach biohydrogenates polyunsaturated fats, converting unstable plant oils into stable saturated and monounsaturated fats before the fat is ever laid down.
Grain in. Beef fat still around 2-4% PUFA.
The cow eats the seed oil substrate and quietly disarms it on the way through. The pig and the chicken eat it and pass it on to whoever is eating them next.
Beef and lamb: built-in detox.
Pork and chicken: storage tanks for the food system you were trying to avoid.
If you've cut seed oils out of the cupboard but you're still eating chicken every day, the bottle isn't gone. It's just on a plate.
There's a whole book called The Case Against Adolescence. Adolescence was created as a category in the 20th century. Prior to the 20th century, we didn't even have the category of adolescence.
Andrew Carnegie, Ben Franklin, John Muir, and Thomas Edison all began their professional careers at 13. Back in the 18th and 19th centuries in the U.S. and in much of the world, teenagers had pretty much adult-level responsibilities and started their lives. One of the biggest flaws in our society is the infantilization of adolescence.
Teen suicides have increased three times since the 1950s. I think education, traditional school, is humiliating for many kids who don't happen to be good at school.
The goal is for every TSE student to be doing adult-level professional work or better by the age of 18. I've had students start companies and write novels. I had one who was a day trader, somebody else who did a website for the American Idol finalist, had a student who did a music festival in Austin, a three-day music festival, 80,000 budget.