Esto es Europa en estado puro. El Banco Central Europeo frenó permisos a Revolut para sacar nuevos productos financieros porque el BCE está "preocupado sobre la rapidez con la que el banco digital saca nuevos productos"
Revolut, que lo que tiene son tarjetas de crédito y préstamos al consumo le parece muy rápido al BCE 🤡🤡🤡🤡🤡 Prefieren bancos atestados de gente que parecen oficinas del siglo XX donde aún hacen fotocopias.
https://t.co/zu21ttLqJR a través de @ft
Primeiro Comando da Capital and Comando Vermelho are two of the most violent criminal organizations in Brazil. Their reach extends throughout our region and into our country.
Today, I designated these organizations as Foreign Terrorist Organizations and Specially Designated Global Terrorists.
The Trump Administration will continue using every available tool to protect our national security interests and deny funding and resources to narco-terrorists.
https://t.co/x3cPYjelwZ
My friend's private office / coworking in Lisbon got burglared at night
They took his Apple Studio Display of about $4000, he even made a custom travel case for it which had an Airtag on it, the criminals were smart and packed it in his case and took it
He had an Airtag on it so tracked it, he found it in a warehouse south of Lisbon
He reported it to Portuguese police, and showed where it was with the Airtag, they said they couldn't do anything because it was inside a building and by law they could not enter private property to recover it
If they can't then what is police even for?
@al_antdp Sim, não me parecem ser valores fora do comum. Mas dado que dizem ser um "aumento sem precedentes", fico na dúvida se um dos factores que possam ter contribuído para isso seja venda de imóveis, considerando as valorizações recentes.
At a time of constant cyberattacks, EU institutions should defend VPNs as essential tools for online safety, free expression, and secure communication — not echo authoritarian talking points against encryption.
Digital privacy is human rights infrastructure. Strip it away, and the rest follows.
@EP_EPRS@EP_Justice
EU says it’s building an age verification app “to protect kids.” 🇪🇺
Reality: They’ve created an official app tied to passports and ID cards, are pushing every member state to adopt it, and are now openly working on ways to block VPNs so people can’t bypass it.
When the state builds centralized identity systems and targets privacy tools, the goal isn’t protecting children. It’s controlling who can access what online.
Only North Korea has gone further.
@jorgeclpires Parece-me lógico. Debasement and reflation.
Repressão financeira, yields reais negativas e dá-lhe gás na inflação. Isso mais todo o CAPEX em infraestrutura energética, IA e reindustrialização de empresas que acumularam e tinham milhares de milhões parados há anos.
Clarity Act is now poised to accelerate the “Bretton Woods 3.0” framework that I’ve talked about.
The yield “ban” is cosmetic & simply something for banks to tout as a victory.
It bans stablecoins from paying you interest for just holding them: the way a savings account does.
But it explicitly allows stablecoins to pay you rewards for using them: buying things, lending, providing liquidity, participating in any program..
Now consider that those rewards can be calculated based on how much you hold & for how long.
I think that’s what we just call interest, but it will now be rebranded under a new name.
So, the implications:
- The fact that there is now a carve-out for stablecoin yield will accelerate the Bretton Woods 3.0 system.
If the ban had been real (no yield in any form) there’s no reason for anyone to hold stablecoins over a bank account. Stablecoin adoption would flatline (especially in Developed Markets) & Bessent’s $3.7T target would be hard to achieve.
This carve out keeps the incentive to hold stablecoins, which keeps the growth flywheel spinning.
- CBDCs can’t compete. No central bank would design its digital currency to pay activity based rewards calculated by balance & duration (too close to monetary policy). However, dollar stablecoins can. So in every market where a CBDC competes against a $ stablecoin, the dollar product is economically superior. The Clarity Act now guarantees that advantage persists.
- The dollar now goes global without permission. The new text allows platforms to pay incentives for payments, remittances, & settlement activity using stablecoins. That’s a subsidy for global dollar adoption funded by private companies (not taxpayers). Meanwhile, increasing Treasury demand in the background.
For example, a Filipino worker now gets a rebate for sending remittances in USDC. There’s an additional incentive for him to now transact in stablecoins, which, unbeknownst to him, purchases American debt behind the scenes. A win-win for global stablecoin users & the American economy (fiscal situation).
The compromise looks like a ban.
But it’s actually a growth mandate.
As I’ve stated, the US government needs stablecoins to scale because it needs someone to buy its debt.
Bretton Woods 3.0
@PrestonPysh You kept me company every Wednesday while I was walking my dog. I learned a ton from you and your guests. I'm going to miss those Wednesdays. Thank you for all that you've done. 🫡
Wish you and your family all the best, Preston.
⚡️The von der Leyen quote is one of the most revealing things a European leader has said in the last decade and almost nobody is going to process it correctly.
“The cheapest energy is the one you don’t use.”
That is a sentence spoken by a person presiding over civilizational decline who has decided to reframe the decline as virtue. It’s not a policy statement. It’s a theological position. The energy crisis isn’t a problem to be solved by producing more energy. It’s an opportunity for Europeans to need less. To want less. To consume less. To live smaller lives in smaller apartments heated to lower temperatures with less travel and less activity and less economic output. The scarcity isn’t a failure. It’s the goal.
This is the thing Americans and everyone outside of Europe cannot fully grasp about where European elite thinking has landed. They genuinely believe that reducing European energy consumption is morally good regardless of the economic consequences, because European consumption is tied to European environmental guilt which is tied to European colonial guilt which is tied to a broader belief that European civilization has been net negative for the world and should shrink. The energy crisis gives them political cover to implement policies that would otherwise be unpopular. Now they can say circumstances force the reduction when the reduction was always the plan.
Von der Leyen is not an aberration. She represents the consensus view among the European political class. Macron believes this. Scholz believes this. The entire EU Commission believes this. They don’t say it this directly usually because it polls badly, but every major policy they implement is consistent with this worldview. Degrowth is not a fringe academic position in European politics. It’s the operating framework at the top.
The American version of this framing would be “the cheapest energy is the one we produce ourselves at scale.” That’s what actually reduces cost and increases resilience. Building more nuclear, extracting more gas, expanding the grid, investing in new production. The European version is the opposite. Don’t build anything. Don’t extract anything. Don’t produce anything. Just use less. And when citizens can’t heat their homes or fly for work, frame it as virtue.
This is why Europe can’t recover from the current trajectory. The recovery would require a complete reversal of the ideological framework that produced the decline, and that framework is held most strongly by exactly the people who have the power to change it.
They’re not going to reverse it because they don’t see the trajectory as a problem.
They see it as necessary and good.