🌮 Like clockwork.
The S&P 500 rips higher after President Trump says the time and place of an Iran deal signing will be “announced shortly.”
Oil drops below $87 a barrel after scheduled strikes on Iran are reportedly called off.
Somebody really needs the SpaceX IPO pricing above its placement price when it launches tomorrow.
When they are all looking to raise as much equity as possible at these valuations you know who’s going to be holding the bags.
Larry Fink said your 401k is.
🚨 The “blowout” jobs report that just killed your rate cut? Misleading.
It was bartenders. 🍺
70K hospitality hires for the World Cup -> 5x normal. Wall Street saw a hot economy. It was a soccer tournament.
Back out the one-off and there’s NO blowout -> just trend. Yes, there’s a soccer tournament sitting on top of a trend-line economy. 🤯
Look under the hood. 🧵
Jimmy Dore tells Tucker Carlson that Thomas Massie's primary loss in Kentucky is proof the United States is not a democracy but an oligarchy run by international billionaires who sit above the government.
Dore points to the 2015 Princeton study showing the wishes of 90% of Americans are never reflected in legislation, only the top 10% are.
JIMMY DORE: “How dare we preach democracy around the world and tell people that the people in China are oppressed when we obviously don't have democracy here.”
JIMMY DORE: “In China, the government sits above capital, and so the economy works for the people. But in the United States, capital is above the government, and so the economy doesn't work for the people. It works for a handful of international globalist billionaires.”
JIMMY DORE: “Which is why we have homelessness everywhere. We have the biggest prison population in the world. We still go bankrupt just to get educated. You get bankrupt when you get sick. And we live in a surveillance state.”
JIMMY DORE: “We're like China, except we have more street crime and slower trains. And we get lectured constantly in the most self-righteous way by the worst people.”
Massie was the last man in Congress voting the Constitution as written. @jimmy_dore is right to say it out loud.
Aging is arguably the root cause of most major diseases (loss of function in our cells). Four years ago, we made a bet that aging was treatable, and NewLimit was born.
NewLimit now has a prototype drug that reverses the age of some human cells (restores function they had when they were younger), and a clinical trial scheduled for next year (with more drug candidates in the pipeline).
Grateful to Founders Fund, Thrive, Greenoaks, and the rest of the investors for this latest round. @jacobkimmel and the team are just getting started.
The $MSTR mission creep I always said would come.
Even though Strategy doesn’t need the money, it is conditioning investors to believe that selling Bitcoin to fund dividends and yield is a normal part of the new Strategy playbook.
The result is a structure that normalizes Bitcoin distribution back into the market whenever cash flow is needed to support dividends and yield.
In effect, they’re building the infrastructure for short-term Bitcoin price management while training investors to view it as prudent capital allocation.
A gift to the Financial Industrial Complex.
Bitcoin was designed to separate money from the financial system.
The FIC wants Bitcoin integrated into the same system of custodians, leverage, yield products, and paper claims that dominate traditional finance.
Strategy accelerates that transition by making Bitcoin sales, dividend policies, and yield engineering part of the accepted model.
It is what it is.
Bitcoin can be used by anybody.
But Bitcoin in self-custody is the resistance.
In the long run, the FIC doesn’t want you to own Bitcoin. It wants to custody your Bitcoin, tokenize your Bitcoin, lend your Bitcoin, and issue paper claims against your Bitcoin.
The goal is simple: keep you a paper-Bitcoin slave while they accumulate the real asset instead of you.
Not your keys.
Not your Bitcoin.
Once you hit about a 20-point IQ gap, communication starts to completely break down.
It's not that the lower IQ person is "stupid" (although that can often be the case) or the higher one is arrogant, it's that you're literally operating on different systems.
A 20 point difference (roughly 1.3 standard deviations) means:
Vocabulary and abstraction levels diverge sharply. What feels like crystal clear logic to one side sounds like vague, pretentious word salad to the other. Jokes land flat. Metaphors get taken literally. Complex cause and effect chains get simplified into "this good, that bad."
Different time horizons and pattern recognition. One person thinks in months or years and sees systems, the other is locked into days or immediate rewards. Trying to explain second order effects feels like speaking another language.
Also, processing speed and working memory gaps. The higher IQ person is already three steps ahead, getting impatient. The lower IQ person feels talked down to or overwhelmed.
Both walk away frustrated.
Both have wasted each others time.
If legislators always vote with the President, we have a king.
If legislators always vote with the prevailing wind, we have mob rule.
If legislators always vote with the Constitution, we have a Republic.
You have every right to know what your government is doing, and they have no right to know what you are doing.
That is why they are called public servants and we are called private citizens.
Instead, the relationship has been inverted. The state hides behind secrecy, classified files, and redactions while demanding total visibility into your finances, communications, movement, and behavior.
A society where the rulers live in privacy while the population lives under surveillance is the very definition of tyranny.
Four years ago, this post would have gotten you erased from the entire Internet, banned from the entire banking system, fired from your job, and blackballed from future employment in the Fortune 500.
If your country requires digital ID verification to use social media, then you don't live in a free country anymore.
If your country want to regulate or ban VPNs, you don't live in a free country anymore.
Bitcoin isn't real! It's not physical!
Yeah? Neither is the number seven, but I bet you'd notice if your bank balance dropped by seven figures.
Let me break the spell for you: money has never been "real."
Money is a collective hallucination—a social construct we all agree to pretend exists so we don't have to barter chickens for dental work.
Gold wasn't money because it fell from heaven with "LEGAL TENDER" stamped on it.
We picked gold because it was the least-bad physical object that checked the boxes:
- Scarce
- Durable
- Divisible
- Portable
- Verifiable
It was the analog solution to our shared idea.
But here's the thing about analog: it's slow, heavy, and requires armed guards.
And here's the thing about humans: we engineer better tools.
We went from abacus to iPhone. From carrier pigeons to satellites.
From gold bars locked in vaults to Bitcoin—verified by thermodynamics, secured by energy, and transmitted at the speed of light.
Bitcoin is the digital versioin of money. Just like X is the digital version of town hall.
Gold was the best we could do for many centuries.
Bitcoin is what we can do now that we have cryptography, distributed consensus, and proof-of-work anchored in physics.
Your grandpa trusted gold because he could hold it.
You trust Bitcoin because you can verify it.
One required faith in a metal. The other requires faith in math.
Guess which one has never been debased, diluted, or confiscated by executive order?
The concept of money is a human mental construct.
Always has been. Always will be.
The only question is: do you want your construct built on scarcity enforced by governments—or scarcity enforced by code?
Gold was monetary technology for the industrial age. Bitcoin is monetary technology for the information age.
Welcome to the upgrade.