Philo

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: Elon Musk said his new political party will embrace #Bitcoin 🙌

“Fiat is hopeless”

[Peter Hague @peterrhague]

There appears to be a Darwinian selection pressure in favour of societies which literally hate women, and it’s not clear how we can fix the problem.

[Sassafrass84 @Sassafrass_84]

Really? I remember it really well.

Why don't you?

Something to ponder.

[Washingtons ghost @washghost1]

They sure had no problem with it then

[Magatte Wade @magattew]

Corruption is a symptom, overregulation is the disease.

[Lyn Alden @LynAldenContact]

@SantiagoAuFund Neither will stop the train.

[John Loeber 🎢 @johnloeber]

Reading about Javier Milei — paragraphs like this should be internalized by every public policymaker in the west

[Katy Faust @Katy_Faust]

Italy's law doesn't ban gay couples from becoming parents.

Biology does.

[Natalie F Danelishen @Chesschick01]

Facts matter.

[Ray Dalio @RayDalio]

Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur.

[Fenix Ammunition @FenixAmmunition]

You are 8.5X more likely to die in Europe due to their lack of air conditioning than you are to be killed in the United States by someone with a gun.

Just let that settle in your brain for a moment.

[Philo @PhiloSatoshi]

@CNviolations Kobe

[Philo @PhiloSatoshi]

@ElonMuskAOC Companies. Politics is a contained system. Do something that actually has the potential for change and progress.

[Ray Dalio @RayDalio]

"I promise to not raise your taxes" and "I promise to not cut your benefits" are the two popular political promises that are inconsistent with the much more needed promise "I promise to cut the budget deficit to about 3 percent of GDP" that is required to prevent a big debt/dollar crisis. There is no way that the deficit/debt bomb problem can be sustainably dealt with unless there is a mix of tax revenue increases and spending decreases that are determined in a bipartisan way. Our representatives in Washington, DC, both Republicans and Democrats, know this is true. They understand the need to reduce the deficit by having those from both sides chip in a bit (e.g., a 4 percent increase in tax revenue and a 4 percent spending cut) which would lead to a supply/demand balance improvement for US debt which in turn would lower interest rates. Lower interest rates would help reduce the budget deficit as well as help the markets and the economy. But because politics have become so absolutist, they feel they can't go down this obviously best path because both their constituents and their parties will throw them out of office if they explored this more balanced approach. To me, that’s a tragedy.

[Philo @PhiloSatoshi]

@elonmusk Getting DC functional is a more difficult mission than getting humanity to Mars…

[Nick Di Fabio @NickDiFabio1]

99% of people think the Bible never changed.

But Ethiopia's version is older, larger, & contains lost books revealing:

• Lost prophecies
• Hidden histories
• Stories Western Christianity concealed

Here's what's inside the Ethiopian Bible (& why it was kept hidden):

[ShellBanger @Bangershell11]

🚨BREAKING: Argentina’s Poverty Rate Drops from 54.8% to 31.7% in 18 Months Under Javier Milei

[Shane Cashman @ShaneCashman]

I believe the IRS is days away from having a nuclear weapon.

[Elon Musk @elonmusk]

Remember this chart

[Philo @PhiloSatoshi]

@cryptotea Happy birthday!!

I’d say the advice “the way you do anything is the way you do everything” proved very useful around 23. The little things add up :)