“The link between unsound money and the decline of civilisation is irrefutable.”
@DominicFrisby explains how debased money has made housing unaffordable, pushed family formation later and helped drive profound demographic change.
“Fix money, fix the world.”
#CPACGB
En 2008, Elon Musk estaba a 12 días de la quiebra.
De pie en un salón de Hollywood, intentaba vender un auto de $109,000 dólares a gente que pensaba que estaba loco.
Su propio Roadster estaba aparcado afuera, como si fuera una simple bicicleta.
Empezó hablando de dinero:
El Congreso había aprobado 25.000 millones para fabricar autos eficientes.
Los Big Three volaron a Washington y lo pidieron… para pagar sueldos de sus gasolina-devoradores.
El Congreso dijo que sí.
“Eso les da hasta febrero”, dijo Musk.
Tesla pidió del mismo fondo… pero para lo que realmente se había creado: un auto más barato.
Y entonces soltó la frase que nadie en la sala registró:
Tesla no paga dividendos. Nunca lo hará.
Cada dólar de cada Roadster de 109.000 va directo al siguiente auto más barato.
Su sueldo: el mínimo legal.
No les dijo que la empresa tenía días de caja.
Ni que si no cerraban una ronda de emergencia antes de Nochebuena… se acababa todo.
Habló de celulares.
De cómo los primeros costaban una fortuna.
De que no se llega al barato sin vender primero el caro.
100 autos fabricados.
El número 100 salía el martes.
Y él mismo entregaría las llaves.
Seis meses después, GM se declaró en quiebra.
El tipo del sueldo mínimo… no.
Finlay Tarling, 19, has died following a crash at the Volta a Portugal.
The Volta a Portugal organisation announced the death of the British rider, of NSN Development Team, in a statement on social media, following a serious crash during the eighth stage of the race.
Spent 3 weeks building a texting app slower than email. Messages fly at pigeon speed — LA to NYC takes 22 hrs. Sometimes the bird dies & the message isn’t delivered.
@CallMeStat Not to say your point about the past isn’t valid, but these riders are tested so much (including during the night in this tour!) that it would be very hard to dope to a decent level for performance enhancing imo. But…let’s see what the results say if we ever see them
@CallMeStat Fair enough. Glad to hear your are a fellow cycling nut 😄
Happy also to disagree with you on Pogi. Speaking from my own experience my cycling performance has improved significantly since the advent of power meters, science backed coaching and proper nutrition.
The Economist had a short window to interview the guy who’s arguably advancing human capabilities more than any other single individual in many generations. So of course they spent it lecturing him for holding the ‘wrong’ political views, and telling him people ‘loathe’ him, because he refuses to accept their deeply ideological, midwit interpretation of reality and parrot groupthink as they do.
And they think this is all a big ‘win’ for them.
So embarrassing.
God, where to start? At a time when England and the very idea of Englishness are being co-opted by those who seek to divide us, here came a team that briefly, ever so briefly, quietened the noise. A team that could represent all of us, and show the world how we want to be seen. Hard-workers, grafters, fighters. No fetishised nostalgia or cynical isolation or flag-shagging patriotism were needed to love this team.
We loved, and continue to love them, because of who they were in the toughest of moments. So, remember Atlanta, hold the memory of that pain close, but don’t forget how you felt when Anthony Gordon feathered in from Morgan Rogers’ cross, or the electricity of Jordan Pickford flying through the air to make a save, or the indomitable, towering presence of Elliot Anderson. Don’t forget how close we were to a first World Cup final in 60 years.
Thank god for Jude Bellingham. Thank god for Harry Kane, Djed Spence, Declan Rice, Bukayo Saka, Dan Burn, Jordan Pickford, John Stones, Reece James, Eberechi Eze, Kobbie Mainoo, Marcus Rashford, and Nico O’Reilly. Thank god for each and every member of the squad and the fans who travelled and paid those extraordinary prices.
There is so much wrong with this country, and so much that needs to be fixed and that is beyond fixing, if we are truthful with ourselves. But remember the Azteca, remember Norway, and remember the moments when these boys made anything feel possible.
Remember how they made you feel. Take that with you. That is what it means to be English.
@garyseconomics is a complete grifter. He is the epitome of a ‘taker’. Traders contribute nothing to society. We need to incentivize makers (entrepreneurs and builders) not taxing them out of the country. Makers not takers.
UK government national debt 1975-2026: (£billion):
1975
£59 billion
1980
£114 billion
1985
£169 billion
1990
£190 billion
1995
£384 billion
2000
£415 billion
2005
£573 billion
2008
£810 billion
2010
£1,220 billion
2015
£1,570 billion
2019
£1,800 billion
2021
£2,224 billion
2023
£2,619 billion
2026
£2,900 billion
An increase of almost £2.5 trillion in just 20 years. A tale of gross economic incompetence by successive UK governments to a point where interest payments on the national debt are now over £100 billion a year - funded by the taxpayer.
Activist: "Your cows are fed soy from cleared rainforests."
Farmer: "My cows eat grass."
Activist: "All cattle eat soy."
Farmer: "Mine don't. They're ruminants. Grass is literally what they're designed to eat."
Activist: "Industrial cattle are fed soy."
Farmer: "I'm not industrial. I'm watching them eat grass right now."
Activist: "But most beef comes from..."
Farmer: "Most beef in Britain comes from grass-fed cattle. We have this thing called rain. Makes grass grow quite well."
Activist: "The statistics say...."
Farmer: "The statistics are global. You're standing in Cumbria."
Activist: "Still, the global supply chain..."
Farmer: "Doesn't include me. My supply chain is: grass to cow to butcher to customer. Four steps. No soy."
Activist: "You're an exception."
Farmer: "I'm the norm here."
This is one of the most profound innovations in human history and most of the world is oblivious to it.
Bitcoin blends the physical world (energy) with the digital world (hashes) to bring the soundest money ever invented to the global economy.