6 months into this passive income program and I’m closing in on $3k days at base. I should’ve posted my daily results here long ago and if you want to see all that progression, go find me on Instagram. I’m not stopping until my next goal. I’m in pursuit to $5k days.
This is insane.
This is INSANE.
This is a blatantly obvious sign of the impending doom of the U.S. Dollar and all fiat currencies.
*This is as important as anything you will read this year*
The United States Treasury issues bonds and other investment securities.
They call these, “treasuries.”
The U.S. Treasury issues treasuries when the U.S. Federal Government spends past their budget, resulting in a “budgetary deficit.” The sale of treasuries makes up for the loss.
The treasuries are sold and tacked on as debt. This is the substance of the big $34 trillion debt number in the United States.
Key point: The U.S. Federal Government has been in a budgetary deficit in 49 of the last 53 years, with the last surplus year being in 2001.
But yet, even in that 2001 “budgetary surplus” year, the total debt amount increased.
Why?
Because a whole bunch of debt from years past came due.
The U.S. Treasury issues their treasuries with time periods of ownership ranging from 4 weeks to 30 years.
So, in 2001, the government had debt coming due that was issued to investors in 1971, as well as 1981, 1991, 1994, 1996, 1998, 1999, and the previous year.
The debt that was due in 2001 exceeded the budgetary surplus (debt issuance is not a part of the budget), thus, the government had to issue new debt to pay off the old debt, adding on further to the debt total.
Key point: The U.S. Treasury, which is part of the U.S. Federal Government, has to sell new debt to new investors to pay off the old debt from old investors. This is because of 1) the constant budgetary deficits and 2) the debt from years past coming due.
Key point: Being that the definition of a Ponzi scheme is, “An investment scheme where new investor money is used to pay off old investors.” …The U.S. Federal Government is running a Ponzi scheme. To the tune of $34.7 trillion, and counting.
Trillion is just a word. Let’s make sure we note the significance.
A *billion* seconds ago was 1993 (31 years ago).
A *trillion* seconds ago was 30,000 B.C.
And then multiply that trillion by 34.7.
That’s the scale of the United States debt bill.
But WAIT. It gets worse.
Key point: The U.S. Treasury always has to have buyers of its debt, because if they don’t, they won’t be able to pay off 1) their deficit spending and 2) the old debt coming due (and the interest on the debt). If they fail to pay those off, the Government would default and collapse.
Well, then, who buys all the U.S. Government debt?
Key point: The largest buyer and owner of the U.S. Federal Government debt is THE U.S. FEDERAL GOVERNMENT THEMSELVES.
Don’t trust, verify:
TAKE A SECOND TO CONTEMPLATE HOW INSANE THAT IS.
The U.S. Government spends in a budgetary deficit, then issues treasuries to pay for the spending, then, at a bigger rate than anybody else, buys the treasuries to cover the loss. An unbelievable Ponzi scheme.
The U.S. Government is the director of the Ponzi scheme, the old investor, and the new investor. A true masterclass.
But how do they do this? They have a money printer. It's that simple. The debt might as well not be real.
Key point: The United States is not the only country that runs this playbook. 182 of the 222 countries in the world are in budgetary deficits. The Ponzi scheme is everywhere.
The U.S. is the kingpin of the modern monetary world. They are the head honcho, the high priest, the big cheese.
The current global financial economy is built on the backs of the United States.
There would be a massive problem if the United States had debt buyer troubles.
In short, an increasing amount of investors are growing scared of the United Stages debt situation, turning them away from the purchasing of U.S. Treasuries.
Recent headlines:
“Treasury bond auction runs into weak demand amid fears that soaring US debt will overwhelm Wall Street” -October 12, 2023
“30-Year Treasury Auction Breaks Bad, Sinks Stock Market” -November 9, 2023
“World to Drown in U.S. Debt; Moody’s Downgrades Country’s Debt” -November 17, 2023
“5-Year Treasury Auction was a Dud” -January 24, 2024
“Treasury's $16 billion auction of 20-year bonds produces 'very ugly' results” -February 21, 2024
"Highest Treasury Yields of Year Fail to Tempt Buyers to Auction" -April 11, 2024.
With lower demand, and as quote tweeted below, the U.S. Treasury is starting a "treasury buy back operation," aimed to, as they say, "improve liquidity in the treasury market."
What's really happening is that the Treasury is using their money printer to directly buy the treasuries they are issuing, ensuring those low demand treasury auctions don't continue. This causes inflation in the money supply, which is a dangerous outcome.
Here's where the cookie crumbles:
The United States central bank, the Federal Reserve, has a 2% inflation target. Inflation has not been at 2% recently, and, in fact, has been accelerating higher for three months in a row.
The Federal Reserve has set high interest rates, currently at 5.25%, as a method of discouraging borrowing, spending, and taming inflation.
But it's not working. And there's a bigger problem.
Key point: The U.S. Federal Government pays interest to investors that own the treasuries, and this interest is part of the budget. Higher interest payments = more federal spending = bigger budgetary deficits = more debt issuance = higher supply of treasuries = lower demand = less buyers = Treasury printing = higher inflation = higher interest rates = higher interest payments.
A catastrophic feedback loop.
The interest paid out by the Federal Government has spiked in recent years:
The United States Dollar is screwed.
The Federal Reserve has set high interest rates to tame inflation, but that's not working. High interest rates are causing bigger interest payments, causing larger budgetary deficits.
This is causing the U.S. Treasury to issue more debt, which investors are getting scared of (because of runaway inflation and compounding debt levels), which is now causing the Treasury to print money and provide "liquidity" to stabilize the treasury market, adding fuel to the inflation fire once more.
The Federal Reserve can further raise interest rates to cool inflation, but that would increase interest payments and deficit spending, requiring even more debt issuance and "liquidity," which fuels inflation. An increase in interest rates could also cause a massive recession or depression, which would grind the economy to a halt, which would mean that the government is taking in less tax revenue, while still spending exorbitantly on entrenched government programs and stimulus, which would only increase budgetary deficits and debt issuance once more.
The Federal Reserve can lower interest rates, but that would immediately cause an uptick in inflation, as people are encouraged to borrow and spend with lower interest rates, which would then force the Fed to raise interest rates again.
The Federal Reserve can admit defeat and raise their inflation target to 3 or 4%, but that would signal that the system is failing, which would cause a further loss of confidence, which would result in less treasury buyers, resulting in more inflation, and would create demand for higher interest rates (because treasury investors want to keep up with inflation), which, again, causes bigger interest payments and so forth.
This is a debt spiral.
There is no way out.
You are witnessing it live. These are years that will go down in the all-time history books.
Every fiat currency has failed, and for the same reason. Turning on the money printer is too tempting.
Don't forget, the U.S. Government will never let the treasury market fail, because that would result in an automatic default on the debt and an unbelievably chaotic avalanche of collapse.
They will always turn to the money printer to bail things out. The Treasury will continue to print more money to keep the system afloat, as evidenced by their upcoming "buy back operation." But inflation is the fatal flaw.
The Ponzi scheme is in its final chapter. The endgame is here.
The inflation train has left the station, and it's never coming back.
Covid put the ruin into hyperdrive. Inflation ran away, now it cannot be tamed. It is feeding on itself, and will continue to do so, over and over, gradually, then suddenly.
And then, poof. It's gone.
Worthlessness.
If you haven't noticed, the U.S. Dollar has been heading toward the "worthless" direction for quite some time.
It is inevitable. The U.S. Dollar, and all fiat currencies, will die.
The Phoenix will then rise from the ashes.
An innovative, specifically designed, global, unprintable, unable to be manipulated, verifiable, instantaneous, digital monetary system will emerge, unchained from the grasp of bankers and governments, once and for all.
...and the world was fixed.
Fix the money, fix the world.
#Bitcoin
If this doesn't blow your mind, idk what will 🤯
DATA is your own personal Jarvis
Replaces Siri with ChatGPT
Remembers everything you tell it
Works on all your devices
And it's free to try
https://t.co/WAzV64ILvP is our AI project to make computing feel more human
@LanderMedia
Here are the 4 best demo videos of the magic of DATA in action.
DATA is a personalized assistant that knows and remembers every conversation you have with it across your:
Phone
Laptop
Tablet
Watch
Texts
Emails
and smart speakers!
You can talk to DATA right in your headphones or text it just like a person.
DATA can read, write, understand, speak any language, and translate between them.
It can help with real work and home-life tasks like research, writing, scheduling, reminders, and email triage.
And it's easily customizable so you can have DATA automatically do whatever you want whenever you want with just a few taps and natural language instructions - no code required.
DATA can do just about anything you can do on your phone on your behalf automatically including very advanced things Siri can't, like:
Summarizing
Analyzing
Drafting replies
And writing documents.
It can read web pages, texts or emails you show it, or PDFs of any kind.
It can do other real-world tasks that require complex analysis and common sense too, like:
- figure out where the nearest beach is (even when you're in Colorado) and instantly fetch the current surf report up to the current minute.
- summarize and draft replies to entire email chains
- plan out entire work projects or multi-day vacations on your calendar
- sketch out ideas for you in picture form or draft Notion pages with charts and graphs.
DATA can also use its own judgment to determine when to run an action or not, even if you've scheduled it, allowing you to make VERY complex automations that require many different inputs to make a decision, like for example:
- only opening the blinds on your lunch break if it's sunny out and you're working from home.
DATA works natively and easily with Apple HomeKit & other shortcuts.
DATA can also take initiative and check in with you throughout the day by voice or text and proactively send messages to you and others on your behalf based on your personal and professional goals, current tasks, and calendar.
DATA can integrate with many apps on your phone and is compatible with multiple large AI language models.
I've gotten to make a few demo videos that I think really capture how powerful DATA can be for everyday life.
Here they are all in one tweet. Make sure your sound is on as you watch them.
1. This is the first demo video I ever made from April 19th, 2023. It walks through all the ways you can interact with and use the DATA shortcuts. Everything from saying "Hey Siri" to tapping on custom apps on your home screen.
2. The second demo video was made on May 5 and is an example use case I made of how commands work - commands allow DATA to actually run actions on your phone like taking pictures and sending messages.
This demo shows me taking a picture of an email template, and data drafting an email based on that template.
It's gotten much better at realizing when it has just run a command and incorporating that information naturally into the conversation now, especially on GPT-4.
3. This third Commands video, May 12 is a walkthrough of ALL the phone functions that commands allow DATA to do:
Sending texts and emails, taking pictures, seeing pictures, reading things, and scheduling events.
Since this video we've added auto-replies to texts and emails, summarizing documents, writing documents, health app data retrieval, web surfing, scheduling alarms, making playlists, and more.
4. This last demo I made today, June 15, shows everything DATA does working in concert:
The best morning briefing on earth.
It will generate a crazy detailed morning briefing with background music - including making a unique playlist and giving a detailed analysis of current events complete with Ski & Surf conditions near me and 40 other live searches to pull live information from the internet.
What would you use DATA for?
Find out! Try it yourself for free: https://t.co/WAzV64ILvP
To celebrate the launch of @devikins_game, We're going to #GIVEAWAY 100,000 $DVK to 25 lucky winners
To enter:
1⃣ RT
2⃣Follow me + Follow @devikins_game
3⃣Tag a friend
Ends on April 19, may the force be with you 👊 #Klever#DVK#KLV