Phong

[Phong @PhongTran33]

@krakenfx @krakenpro @KrakenNFT (04/20) and UTC time (01:17 AM)

[Kraken @krakenfx]

We’re giving away #BITCOIN!

Guess the exact date & time of the halving to enter to win!

1️⃣ Reply with your prediction of the date (MM/DD) and UTC time (HH:MM AM/PM)
2️⃣ RT this post
3️⃣ Follow @krakenfx @krakenpro @krakennft

Full contest rules: https://t.co/ur2xJcHw5H

[Bryan Johnson @bryan_johnson]

It’s worth remembering:

1) My body and mind were trashed in every way for 23 years. Chronic depression, obesity, terrible sleep, raising 3 kids, startup founder/CEO grind culture behavior (and even growing up w/ excess sugar, sun exposure, junk food).

My turn around in 2 years time to near perfect whole body health markers (as measured by biofluids, devices, imaging, and fitness tests) is phenomenal. It hopefully inspires others who are not currently their best self that you can always come back, and strong.

2) I’ve spent $ millions developing this Blueprint protocol, becoming the most measured person in history, and share everything with everyone for free.

3) I started Blueprint as an explorer to pursue the future of being human; not to build a mass market product.

When Blueprint gained global notoriety, the most common reaction (aside from hate and vitriol) was “what is the 80/20?!” and “how can I do it with minimal thought and effort?!”In response to that, I’ve been working very hard to make an affordable 80/20 version so others can join the journey with me.

4) Blueprint may seem something about health, it is really about that after 13.8 billion years of our galaxy existing, our planet 4.5 billion years, we are baby steps away from creating superintelligence, potentially the most extraordinary event in the history of the galaxy. Blueprint and the underpinning philosophy of Zeroism invites us to sober up and realize the specialness of this moment and step up and be equal to the opportunity of this moment.

[Drake Facts @NewsIn6ix]

Microsoft released a new guide to prompt engineering.

I've summarized it in this thread.

Heres whats covered:

- The structure of a prompt
- Tips for composing prompts
- How to be clear and specific
- Providing sample outputs
- Providing relevant context

More below 👇

[Hugh Hendry Acid Capitalist TV @hendry_hugh]

Warning

22h yesterday no sleep and I’m tweeting from my farm bed in Pensilvania.

This is gonna be incoherent. This is me note taking. Time to sleep or time to Tweet ??

Right…

RMB settlement alleviates the acute shortage of $s in the Chinese system. Hence the media propaganda re $ de dollarisation.

Poker.
If short.
If compromised.
BLUFF

Shortage ?? I’ll explain

The elites in their desire to produce headline, linear Chinese gdp growth lost their domestic monetary discipline years ago

They had sterilised most of the $ flow from the trade account prior to 2008 to stop the economy from overheating

This is exactly what the Fed did in the 1920s with gold flows.

This is the cheat that creates permanent trade surpluses and a savings Ponzi and crazy, inflated asset prices

What does that mean ?

The $s (or gold in the 1920s) received from export were converted into RMB and the banks were then mandated to hold huge rmb reserves to control lending which of course is money printing.

This huge high powered money or monetary kindling had to be kept inert, reckoned the monetary elites, had to be kept in reserve

The reserve ratio is the percentage of a commercial bank's deposits that they must keep in cash as a reserve in case of mass customer withdrawals. To Stop them printing more money.

More reserves, less printing.

Less reserves, more printing

China’s reserve ratio 10%. This means if a bank has deposits of RMB 1 billion, it is required to have RMB 100million on reserve. It was previously 20% - see chart

The easing or facilitation of money printing created the monetary phenomenon of property price inflation in China.

Marshallian K was modest pre 2008 but very high post 2008

Banks created mega new RMB money, the natural rate of profit expectation was high, so people wanted mortgage loans etc and property prices bubbled creating a third of all new China gdp growth

Today bank deposits in China are $40 trillions !!

That’s insane, that’s more than double US deposits…that was the money printing that valued China property at $60 trillion or 3x gdp.

That’s the equivalent of the Dow’s 1929 sugar rush high.

That’s why my pinned permanent portfolio is short the RMB and long $s. Being short RMB is the modern equivalent of being long gold in the 1930s…

China has $3 trillions in FX reserves Vs $40 trillions in cash money…no where else compares

This is one of the reasons they can’t become a reserve currency. This is why the gold standard ended in the 1930s. This is why the Dow Jones crashed in 1929. The mercantilist always messes up, eventually

Mercantilist countries (US in the 20s/China today), and the deficit nations they finance, have to close their capital account eventually because they can’t accommodate a systemic bank run.

Imagine those Chinese bank savers wanted to hold $s or gold ??

Imagine US savers in the 1930s wanted to transfer deposits into gold ??

Similar mistakes in the 1920s broke the gold standard and introduced the Fed 1934 gold confiscation act.

Imagine US depositors want to exchange deposits for high yield money market funds today??

This is why I warn of the Fed having to restrict US deposit withdrawals.

Not hyperbole when money is hyperbole…

Mercantilism, either the NYFed in the 1920s or China’s modern take,

…mercantilism destroys the wisdom of money…

I expect China’s reserve ratio to match the US. In 2020 the Feds cut to zero.

Z-E-R-O

With China growth slowing, expect more RRR (reserve ratio requirements) cuts, much more

But they’re pushing on a string.

Property prices now falling, the natural rate of profits has collapsed, the natural rate of interest likewise, China private sector not seeking new speculative loans, money has become risk averse, those $40 trillions deposits receive almost zero rates

Humpty Dumpty has fallen and all the RRR cuts won’t put Humpty Dumpty together again…

[zerohedge @zerohedge]

The Fed has capitulated

Opening the swap lines spigots is just the first of many steps. Trillions in liquidity coming (see Covid playbook). Any half assed steps now only guarantee much more liquidity will be needed down the road.

[Phong @PhongTran33]

@ParikPatelCFA It’s that simply called “renting”

[Phong @PhongTran33]

@concodanomics @memdotai mem it

[CookedByKD @CookedByKD]

Check out these Michael Jordan highlights 🤯🔥

[Phong @PhongTran33]

@mattrowsboats This won’t occur because of demising returns and larger market cap, but I do I agree the odds of returns multiple is higher

[Jim Bianco @biancoresearch]

1/5

The $BRK meeting is starting.

Is Uncle Warren the greatest ever? I say yes.

But has Warren also been the equivalent of Michael Jordan on the Wizards, or, a shell of his former self that is getting hard to watch? Yes to this as well.

🧵to explain

[Phong @PhongTran33]

@biancoresearch think this is what you alluded to on your interview with @ErikSTownsend on @MacroVoices regarding Defi and the future of raising money and capital structures

[Daniel Tenner @swombat]

Moonbirds marks a turning point in NFTs.

It's not about @moonbirds_xyz specifically. It's about the whole market.

As an experienced startup person, I can see a pattern emerging here. It has some important implications for the future of NFTs.

Read on to find out more.

👇

[CryptoSkulls ☠️ @Crypto_Skulls]

In celebration of our upcoming Demonic Skulls drop on Friday we’re giving away this CryptoSkull and Demonic Blood currently worth 1.1Ξ ($3,391).

Just RT and follow. Winner picked in 48 hours. Good luck!

[Joma Tech @jomatech]

if Wolf of Wallstreet were about crypto...

[Jack @TheJackHenri]

What happens when CPI is skyrocketing, the FED Fund Rate is at ZERO and the Yield Curve is inverting ALL AT ONCE?

Now try to find a time where that also happened in the past...

Ouch!

[Charlie Bilello @charliebilello]

Global Inflation Rates...

[JRNY Crypto @JRNYcrypto]

JRNY Club first NFT launch is coming soon 🚀

Giving away one JRNY Club NFT (currently worth 3.3 ETH or $9,250) that will also give you a free mint to this set

To enter:
- Retweet
- Follow @PlanetXOLO and @JRNYclub
- Visit https://t.co/dlDpqMJ8RX

1 winner selected in 72 hours

[. @TheSnoopAvatars]

What’s happening, doggies?!

Mint is 4 days away, we have some surprises in store. Next level #NFTs by yours truly. 🔥

We have some whitelist spots left, like&retweet this post to enter, yo! 🐾🦴

[Phong @PhongTran33]

@CryptoWhale

[Phong @PhongTran33]

@williamgreen72 Amazing! I remember @PrestonPysh saying he wished he could get Ray on an episode one day. Well what do you know!