@Juliet1_74 Everyone who did any Botox just ruined their faces. . Those who who wrinkled naturally look much better, so don't waste your money on wrinkless face, it's your personality what counts π€¨
You were born in a system that is designed to do 1 thing:
Harvest your energy
Pieces of paper control your whole life
Unfortunately you can't be told that fiat currencies are a scam
You have to see it for yourself
Once you see it, you won't be able to unsee it
The convergence of the Financial Industrial Complex (FIC) and Technical Industrial Complex (TIC) is accelerating.
First, banks captured your money.
Then, Big Tech captured your data.
Now, AI agents want your credit card details, purchasing decisions and permission to transact on your behalf.
The next phase is AI becoming the interface between you and the financial system via your social credit score.
Who controls the AI?
Who controls the payment rails?
Who owns the data?
Who gets to approve, deny or censor transactions?
Convenience is how people voluntarily surrender sovereignty.
This is why I distinguish Bitcoin in self-custody from crypto, stablecoins, tokenised securities and custodial financial products.
The more convenient the system becomes, the more important it is to understand who controls it.
I believe in the next panic, crash, bear market, Bitcoin & some top tier crypto will no longer trade as risk assets.
A risk asset falls as people shed risk.
Instead, like cash, they will trade as hedge assets.
A hedge asset holds or gains value as risk asset prices fall.
Truthfully, there's only a few ways to hedge risk asset prices declines
- hold cash, stays flat as everything falls
- hold gold, falls first as people sell everything and then bid up if the policy response is inflationary
- short risk assets, rises as prices falls
So seeing Bitcoin & top tier crypto start to behave this way would be a "regime" shift for crypto. A regime shift means a new paradigm of price behavior that is very different than all the recent history.
πΊπΈ 10Y Note Yield touched 5.20% for the first time in 19 years.
Mortgage rates are back above 7%.
Thatβs a lot of government, corporate, commercial real estate & household debt that will eventually have to refinance at significantly higher rates.
The Fed controls the short end.
The bond market is now imposing discipline at the long end.
Higher yields mean higher debt-service costs, larger deficits, more Treasury issuance and potentially even more pressure on yields.
Thatβs the debt-based monetary system tightening its own noose.
Watch the refinancing wall.
A league record is re-written once again!
Congratulations to Ellie Hook of Chesterbrook for breaking the 13-14 girls 50m backstroke NVSL record with a time of 28.64! Previous record was set just last week by Mackey Tolar of Highlands with a time of 29.18.