Damon Evans

Editor. Covering the Asia Pacific energy beat for over 15 years. Asia analyst and correspondent. Nikkei contributor. Retweets not endorsements.

[Damon Evans @damo_evans]

"In a time of universal deceit, telling the truth is a revolutionary act." George Orwell

[Damon Evans @damo_evans]

@BuyingMyFreedom Sexy Silver 🤔

[Arnaud Bertrand @RnaudBertrand]

Fascinating argument by Bloomberg's top energy analyst Javier Blas 👇: he argues that China effectively saved the world economy during the Iran war by absorbing the brunt of the global oil supply shock on its own, without visible economic damage.

According to his calculations, China "cut its average daily waterborne oil imports by the same amount as the combined oil consumption of Germany, France and the UK."

And, still according to Blas, they "did so without suffering economic harm" because they could rely on many levers: their huge strategic petroleum reserve, a massive surge in EV usage, their remaining coal-fired electricity capacity, and coal-to-chemicals replacing lost feedstocks.

Had China not been ready to absorb that blow, a good argument can be made that the economic damage to the West, and the world at large, would have spiraled far beyond what we saw.

Effectively, China's energy strategy at all levels (petroleum reserves, EVs, etc.) and its ability to withstand huge supply shocks paid off for everyone, not just for them.

It sounds awfully familiar: in 2008 too it was China's stimulus package and continuous buying of US Treasuries that averted a complete breakdown of the global financial system.

So twice in 20 years the country the West loves to present as a "threat" to the global economy effectively saved it from a US-made global economic disaster 🤷

[Damon Evans @damo_evans]

@okaythenfuture They can't even manage their waste in Bali...

[Damon Evans @damo_evans]

@GreyRabbitFin Food for thought, silver has a habit of disappointing, but i like your thesis! $200 silver doesn't seem unreasonable these days..

[Damon Evans @damo_evans]

@moneymike650 @ThHappyHawaiian But substitution takes years

[Damon Evans @damo_evans]

@moneymike650 @ThHappyHawaiian Once it's past $125/oz

[Damon Evans @damo_evans]

@willywoo So much anger in the comments over the 'bad news' (which is itself a signal). Don't shoot the messenger. If you have followed Mr Woo properly for over 10 years you'd treat his analysis with respect. Disagree/Agree. We vote with our money.

[SightBringer @_The_Prophet__]

⚡️Bitcoin does not win because money is printed.

Money has been printed forever.

That alone does nothing.

Bitcoin wins when people internalize this sentence, usually quietly and late.

“I am not positioned where the dilution benefits me.”

That realization is not universal.
It is class specific.
It is age specific.
It is timing dependent.

That is why Bitcoin adoption is lumpy and emotional.
That is why it feels religious at peaks and delusional at bottoms.

Bitcoin is not a hedge against inflation.

That is kindergarten level framing.

Bitcoin is a hedge against being trapped inside a system where all future adjustments are discretionary and you are downstream of them.

That is the real use case.

The reason Bitcoin matters is this.

Modern societies are moving toward:
more surveillance
more financial programmability
more behavioral enforcement through money
more managed decline
less slack
less forgiveness
less long horizon trust

In that world, an asset that cannot be edited, paused, diluted, or selectively enforced against becomes existentially valuable to a minority first.

Then a plurality.
Then institutions.
Then states.

Not because they love it.
Because the alternative becomes worse.

So here is the final, maskless truth.

This post is bullish in the way astrology is comforting.

It gives people a simple story so they do not have to understand power, class positioning, liquidity regimes, or belief cycles.

Bitcoin does not simply go up because dollars are printed.

Bitcoin goes up when people realize the future they were promised is no longer enforceable inside the system they live in.

That realization spreads slowly.
Then suddenly.
Then violently.

Bitcoin is a pressure valve for civilizations that cannot tell the truth about their own continuity.

[Damon Evans @damo_evans]

@BuyingMyFreedom Same to you mate, all the best 👍💯

[Damon Evans @damo_evans]

@marketplunger1 Investing for Profit with Torque Analysis of Stock Market Cycles
William C. Garrett,... Is this the book?

[Damon Evans @damo_evans]

@marketplunger1 Interesting extract. Not time to buy #silver miners then? On the reading list.. Thanks for sharing

[Saul K @saulkavonic]

'COP-out' Chris Bowen

Energy minister is a full time job

Stepping away to be president of a foriegn COP conference while Australia is facing an energy market mess and regulatory overhauls, is neglect...

... but perhaps less involvement of Bowen will actually allow our energy market to run better?

https://t.co/t81u0WAJan via @australian

[Damon Evans @damo_evans]

@KobeissiLetter Deepavali buying is also a factor, lest we forget

[Damon Evans @damo_evans]

@BuyingMyFreedom boxing day sales ! 😆😆😆

[Damon Evans @damo_evans]

@BuyingMyFreedom Watching it, but it's erratic

[Damon Evans @damo_evans]

@BuyingMyFreedom Coz most of your followers are silver bros! I'm with you on SOL, also have some down back of the sofa..

[Damon Evans @damo_evans]

@BuyingMyFreedom Ezy, fair winds, travel well

[Damon Evans @damo_evans]

@BuyingMyFreedom I have some of that down the back of my sofa!

[Damon Evans @damo_evans]

@BuyingMyFreedom When I start thinking about loading up on GV's bags we must be near a top 😃