Elon Musk used a joke to perform an autopsy on the American economy.
Two economists go for a hike. They find a pile of shit. One pays the other $100 to eat it.
They keep walking. Find another pile. The second economist pays $100 back to eat that one.
They stop. Neither man gained a dollar. Both ate shit for nothing.
But on paper they just generated $200 in GDP.
Musk: “That basically would count as a job. This is to illustrate the absurdity of economics.”
That is not a punchline. That is the operating system of the federal government.
Every time a politician celebrates “record job creation” this is what they are describing. Not output. Not value. Not progress. Motion.
The entire bureaucratic machine exists to manufacture friction and then invoice for it.
Compliance layers built to justify the next compliance layer. Oversight committees that produce nothing but the need for more oversight. Consulting firms hired to audit the work of other consulting firms.
Trillions circulating through systems that have never produced a single thing you can hold in your hands. But the GDP number ticks up. So everyone applauds.
The shit gets eaten. The scoreboard moves. Nobody asks what actually got built.
This is why Washington treats AI like a five alarm fire.
AI does not play the friction game. It does not form a committee. It does not schedule a review. It does not file 400 pages of paperwork no one will ever read.
It just solves the problem.
And that is the one thing the machine cannot survive.
The government does not tax results. It taxes the process. The longer the process, the deeper the cut.
AI compresses a ten day workflow into seconds. There is nothing left to bill. Nothing left to tax. Nothing left to skim.
So they will spend the next decade warning you that AI threatens the economy.
What they will never say is what it actually threatens.
The illusion that activity equals progress.
The $200 economy where both men ate shit and called it a job.
The machines are not coming for your purpose.
They are coming to prove that half the economy never had one.
@GaryCardone@JamesWynnReal Just buy 1 bitcoin, if it go over 1M on Jan 2030, after paying Mark you still pocket 900K. If it under 1M on Jan 2030, you have an additional 100K profit. Good try Gary.
The Iranian navy, which has been destroyed eight times, has apparently closed the Strait of Hormuz again, because the United States, for the seventh time, won the war that wasn’t a war, so now the United States has to open the Strait of Hormuz that was already open before the not-war began.
The not-war began because Iran had uranium that was totally, completely, beautifully obliterated, so they can’t build the nuclear bomb they weren’t building, which is why the United States had to start the not-war it definitely didn’t start.
Now the United States, which has nuclear weapons, is threatening to use nuclear weapons to stop Iran from getting nuclear weapons, because nuclear weapons are far too dangerous for countries with nuclear weapons to allow other countries to have.
If the United States saw the United States doing what the United States does in other countries, the United States would invade the United States to liberate the United States from the tyranny of the United States.
You are being fooled.
After 40 years on Wall Street, with deep experience in the plumbing markets rely upon and the market structures used to trade, I can tell you that crypto infrastructure will radically improve and democratize markets.
That does NOT mean that all crypto assets are good investments. In fact, MOST will likely end up worthless, yet still have much too much value. BUT, there is enormous potential in the technology and the value that COULD be created by proper token economics.
Separately, BITCOIN is another matter. There is a need for a digital store of value that is not debaseable by profligate governments. It should be provably scarce, objectively verifiable by the public, available for global online transfer or trading 24/7 without the need for intermediaries or the AGENTIC economy wont use it. I could go on, but you could read my published articles or we could talk in person as I dont want to rehash the point.
Good evening.
I’m getting a lot of questions about whether my conviction has been impaired or my thesis has changed about Bitcoin with its recent price weakness. The answer is an emphatic no. Why? Because I like to keep it simple and focus on first principles. While other assets are enjoying the warmth of the hot ball of money, Bitcoin will simply continue to reflect the debasement of all government sponsored currencies over the long run. Nothing more. Nothing less. Hope this helps.
Have a great night.
A little girl went fishing with her dad and caught a massive fish with her tiny rod.
She may not remember this moment… but her father will never forget it.
BTC has had 8 sharp declines (crashes) over the past 17 years. It is my view that it's the lows of collapses that tell the truest story about an asset. It's not how high it rises that matters. It's how high it falls that reveals the real truth.
Here are all of BTC's lows:
$0.00
$0.01
$2.61
$65.42
$162.00
$3,125
$15,474
$60,133
Where is the next BTC low going to form?
A sniper does not think, “I have been sitting here all day.
I should fire something.”
If no shot appears, the sniper returns with a full magazine.
And that is exactly why the sniper is a sniper.
What are you thinking while you stare at the chart?
If no opportunity appears, leave with a full magazine.
That is your job.
Time in front of the chart is not an entry condition.
If the setup never appeared, there was no trade to take.
Ricky Gervais on Weddings vs Funerals 😂
Ricky Gervais explains why he prefers funerals over weddings in his own savage way. Absolutely brilliant.
“I’ve been to a lot of funerals in my time. You live this long, you know a lot of people, they die, right? And I don’t mind funerals cause it’s the end.”
“I hate weddings. Oh, f*cking hell. There’s so much hope, and they’re needy and arrogant. Do you wanna come and watch us for 12 hours? No, f*ck no.”
“Even the invite is arrogant, isn’t it? It’s like a royal decree. You are cordially invited. It’s not a fcking honour. I don’t wanna go to your sh*tty wedding.”
“And then you go, ‘Oh right, yeah, when is it?’ And they go, ‘Two years time.’ They know you haven’t got an excuse for two years time. So you just have to hope that one of them dies.”
“So you go, ‘Oh yeah, I’ll be there, yeah, yeah.’ ‘Where is it?’ They go, ‘India.’ ‘Oh, f*ck off! I’m not having injections for you, you boring b*stards.’”
Legend. Ricky always says what we’re all secretly thinking but too polite to say out loud. 🤣
You can’t explain Bitcoin to someone who doesn’t understand money in the first place.
No awareness of the problem = zero appreciation for the solution.
That’s why most people dismiss bitcoin.
I never understood Tattoos!
Why in the world would you inject permanent poison into your skin and damage the gift God gave your consciously.
And even pay money for it!
INSANE!