I wish we could get back to sound money principles, fiscal discipline, and an economy driven by genuine productivity rather than endless debt and monetary expansion. Unfortunately, the political incentives rarely align with long term economic stability. Too many politicians and politically connected interests benefit from the very system they’re supposed to be managing. Meanwhile, ordinary Americans bear the consequences through inflation, higher living costs, and a declining purchasing power of the dollar. It’s a difficult thing to reconcile, especially when the people responsible for fixing the problems often benefit from perpetuating them.
You’re wrong JD. Republicans didn’t show up to vote because they’re tired of the nepotism, egregious inflation, market manipulation, crypto promises not being kept (pricing suppressed essentially a crypto winter for 5 years), the war, etc. I used to make a lot of money in real estate development. Guess what, I haven’t developed anything in 4+ years. The cost of everything is insane. We can do better as a country. I wish we could get back to sound money principles, fiscal discipline, and an economy driven by genuine productivity rather than endless debt and monetary expansion. Unfortunately, the political incentives rarely align with long term economic stability. Too many politicians and politically connected interests benefit from the very system they’re supposed to be managing. Meanwhile, ordinary Americans bear the consequences through inflation, higher living costs, and a declining purchasing power of the dollar. It’s a difficult thing to reconcile, especially when the people responsible for fixing the problems often benefit from perpetuating them.
Cardano’s next phase requires institutional execution, not more technical development alone. Recruit senior banking executives with established relationships across financial institutions, regulators and Washington. Pursue distribution through organizations like BankChain Alliance, and secure credible financial partners willing to deploy capital and put their reputations behind Cardano and Midnight. Institutional trust is earned through leadership, relationships and measurable results. That’s what will ultimately support a sustainable $3 ADA valuation. @IOHK_Charles
@elonmusk The world’s greatest untapped resource isn’t energy. It’s human potential stranded without access to capital. X could change that for billions. @IOHK_Charles brings something rare: Cardano’s ADA-powered financial infrastructure and Midnight’s privacy technology, designed to make programmable, confidential credit possible. DOGE can serve payments. X becomes the gateway to global capital. You and Charles share the intellect, irreverent humor and audacity to challenge institutions everyone else accepts. Why build another financial app when you could make access to capital as universal as access to information?
Charles, why not vertically integrate? Form an institutional consortium to acquire regulated banks and payment processors, creating a live financial ecosystem powered by Cardano and Midnight. Control distribution, accelerate tokenized lending and settlement, and capture recurring revenue. Why wait for adoption?
@IOHK_Charles@verybullish1@IOHK_Charles Spaces was great last night. Thank you for always “showing up”. ICP (Internet Computer) seems to have a tremendous amount of utility and intrinsic value. Is ADA sleeping on a partnership with ICP?
Warren Buffett: There are levels of trade deficit that bother me
"when you are, in effect, buying more from other countries than they're buying from you, you are handing them investment funds"
"we don't want it to be a question of where we import 20% of our GDP and we export nothing. Now, we could all quit working, and we could handle little pieces of paper to the rest of the world. They could keep sending us food, they could send us autos, they could send us all kinds of things. But eventually, they have claims on all our wealth"
Trust the process: short-term pain for long-term gain.
Spencer (an educated lawyer) understands macroeconomics (and global history) more than Peter Schiff. He won this debate, and it wasn’t close. He explained competitive and comparative advantage impeccably. Peter’s solution is to reduce the size of the US government, deregulate, kill the Federal Reserve Bank, go back to a gold standard, and continue outsourcing most US manufacturing (and importing most everything Americans consume); because the US can’t manufacture these products effectively (negating the US’s future potential to dominate manufacturing and ignoring the fact the fact that millions of unaccounted people are unemployed because they weren’t being hired). Peter implies we’re better off continuing to allow countries like China to state sponsor and subsidize Chinese companies (stealing American technology/patents), leave hollowed out US cities desolated and continue propping up stock indices (for fear that Americans will temporarily lose their wealth/investments). 50% +/- of Americans are living below the median income level (many of which have no net worth and own zero stocks). Spence…you dominated that debate on literally everything…impressive. I agree with almost everything you said. Clearly, you’re not advocating that tariffs alone will solve the US’s problems nor will on-shoring manufacturing alone or reducing the size and scope of government alone or deregulating alone. It takes a culmination of these things plus strong leadership to achieve greatness. What I didn’t hear either of you talk about is improving the nuclear family dynamics nor did you discuss American Academics (which would lead to more opportunities for Americans). I understand this was a debate about tariffs, but those things could have been included.
Well, you also have a guy whose bank got shut down (depositors haven’t been made whole). Peter’s definitely a smart guy. Not refuting that. But, he’s negative (and that turns a LOT of people off). Lutnick has a lot more knowledge than most people think. Politicians always spin the truth. Leadership entails more than knowledge. Lutnick employs and works around hundreds of Peter Schiff types. You have one person who’s the doomsday negative Debbie downer type leader and one who’s 20X more successful and experienced on a global platform …who possess a realistic but charismatic personality (surrounded by the most intelligent people and data money can buy). I know who I’d want to work for/with. Good thing no one person is coming up with the entire administrative game plan. To me, Scott Bessent is the brains behind a lot of what’s transpiring…
Per ChatGPT regarding who’s more qualified to be Commerce Secretary:
Howard Lutnick is objectively more qualified for the role of U.S. Commerce Secretary based on:
•Larger and more impactful business operations,
•Proven leadership in crisis,
•Higher net worth (implying greater financial acumen or success), $2B vs $100M
•Political and operational experience on a global scale.
Peter Schiff is intelligent, ideologically consistent, and insightful, especially on macroeconomic risks, but lacks the executive leadership experience at the same scale.
Some benefits (borrowing cost) will be seen immediately…especially after the FED lowers the prime lending rate (federal funds rate). Infrastructure and development of new facilities (to support domestic production of goods) will take years. But, you gotta start somewhere. You’ll see a ton of industrial real estate development take place once interest rates come down even more. You’re already seeing housing prices correct regionally (because of uncertainty and high insurance costs). Housing prices have been egregiously high (as everyone knows). Listen to that Tucker Carlson interview with Scott Bessent. It summarizes almost everything in a very understandable way. Tucker doesn’t give any opinions…he’s just asking questions. Bessent’s a smart dude…
The 10 year treasury yield has little to no correlation to the federal funds rate. It does correlate with the 30 year mortgage rate (if you add 200+ basis points to the 10 yr treasury yield, that gives you the 30 year mortgage rate). So, home mortgages will be coming down as the 10 yr treasury continues to fall. Also, when treasuries are yielding less, those bonds cost more. Investors will seek safety in short term treasuries (temporarily) until they realize they’d be getting a much higher return in equities. Things will get worse before they get better, but hold tight, America is about to shine. We’ll see new ATH’s created in the markets …just gonna take a little time…need a healthy reset