Sneaky Pete

Stack to the future.

[Sneaky Pete @gallagher55]

With the exception of the topics of the deflationary pressures of technology and demographics, @LukeMikic21 writes out a good chunk of my own personal macro economic thesis much more eloquently than I ever could.

[🇦🇺Luke Mikic- The 9-5 Escape Artist🇵🇪 @LukeMikic21]

Lots of talk surrounding hyperinflation lately so here's a thread and article on how #Bitcoin plays into..

- The 75-100 year Long term debt cycle
- Hyperinflation
- Repo market madness
-''Transitory inflation''

Is hyperinflation the catalyst to trigger Hyperbitcoinization?

1/

[Lyn Alden @LynAldenContact]

The push for this is growing from many, many places.

[Wealthsimple @Wealthsimple]

You asked. We listened.

$STRC is now live on Wealthsimple. Trade it for $0 today.

[Stephen Punwasi 🏚️📉🐈☃️ @StephenPunwasi]

🇨🇦's "sovereign wealth fund" isn't a fund but "another borrowing vehicle" for fiscal plans.

This isn't an investment in our future. They're hiding a larger deficit spending.

This is financial engineering one would expect from a penny stock fraud, not gov.

via BMO.

[Daniel Foch @danielfoch]

Most people say they want affordable housing.

What they usually mean is:

“I want my kids to be able to buy a house, but I also want my house to go up 8% a year forever, and I definitely do not want a fourplex near me.”

That is the Canadian housing crisis in one sentence.

[Stephen Punwasi 🏚️📉🐈☃️ @StephenPunwasi]

Left: 🇨🇦’s Spaceport Nova Scotia. 🇨🇦’s Gov is paying a private party $200m to be one of the users, on Gov owned land.

Right: Norway's Andøya Spaceport, 90% Gov owned. They built it for $43 million (€29.3m).

Any questions?

[Jean Amiouny @aiouy]

Today we're starting a slow rollout of bitcoin backed loans to customers on @shakepay

Bitcoin backed loans are one of the most requested products since we started.

For those who never want to sell and live on a bitcoin standard, borrowing against your bitcoin is one of the most powerful financial products available.

Products like these are hard to pull off, and Canadians have been underserved for so long. Insanely excited to get this in the hands of all shakers.

[nvk 🌞 @nvk]

Age verification on the internet is just a government scam to identify who is critical of the government on the internet.

Kids will find a way, and it's their parents responsibility to deal with it.

Digital ID must be pushed back or you will never have any privacy again.

[Sneaky Pete @gallagher55]

@Wealthsimple When STRC

[govt.exe is corrupt @govt_corrupt]

This is why prices are so high in Canada. We've increased the money supply by 400%.

Stop blaming climate change, wars, or whatever other bullshit excuse. It's money printing and govt deficits.

[Steve Saretsky @SteveSaretsky]

Meanwhile, West Jet making seats smaller that don’t recline.

[Scott Stevenson @scottastevenson]

Every G7 country hit the brakes on money printing. Except Canada.

[Sneaky Pete @gallagher55]

@shakepay $6,920 ??
Shaketag: Gallagher55

[Kirk Lubimov @KirkLubimov]

Canada has a huge issue with public sector bloat but I don't think most realize how bad it is.

Around 25% of these employed in Canada work for the public sector but in many provinces, it's over 30%.

The main reason for high taxes & low productivity.

Breakdown by province:

[Sneaky Pete @gallagher55]

@shakepay 91?

S-tag: Gallagher55

[Sneaky Pete @gallagher55]

B.C. is cooked

[Steve Saretsky @SteveSaretsky]

BC Government projects a record-breaking $13.3 billion deficit. Announces tax hikes across the board, raising the first income tax bracket, and FREEZING tax bracket indexation until 2030. Tax brackets will NOT rise with inflation.

[Tom Karadza @tomkaradza]

Canada really starting to ramp up those printing presses again. M2 jumping ... not surprised.

I wonder how aggressive this gets as AI is enters the exponential part of its growth rate? UBI anyone? It has an 8.12% CAGR since 1973.

[Ron Butler @ronmortgageguy]

Everything Government Touches Goes 8X The Cost Of The Same Thing Operated By Non-Governmental Organizations

Why?

Simple really

There are SO MANY:

Consultants
Policy Creations
Policy Reviews
Policy Amendments
Meetings
Mission Definitions

I could go on but its 6 more pages

[Steve Saretsky @SteveSaretsky]

More Canadians think the US is a greater threat than Russia or China. This was an IQ test and we failed..

[Steve Saretsky @SteveSaretsky]

So the Canadian government spent billions of tax dollars building out EV battery plants only to allow state-subsidized Chinese EVs to wipe them out.

Great foresight. Billions wasted with no accountability.

[National Post @nationalpost]

Update: The federal government has lost its appeal on a ruling by the Federal Court that found the invocation of the Emergencies Act during the 2022 Freedom Convoy Protests was unjustified

https://t.co/S226p37kkq