Jatin

Assembled in 🇨🇦

[ₕₐₘₚₜₒₙ @hamptonism]

You literally can not compete with intuitive people.

[ₕₐₘₚₜₒₙ @hamptonism]

Master the laws of strategic thinking and the world is quite literally yours.

[Ritesh Jain @riteshmjn]

In history - when a power was replaced - even after it was dead - its currency was used for years / decades - that’s why even after fall of Rome, Roman denarius was in circulation across world - that is why currency in Middle East are called dirham (uae) , dinar (Kuwait) etc

Roman monetary ways were alive even after system was dead

[vittorio @IterIntellectus]

this is actually insane

> be tech guy in australia
> adopt cancer riddled rescue dog, months to live
> not_going_to_give_you_up.mp4
> pay $3,000 to sequence her tumor DNA
> feed it to ChatGPT and AlphaFold
> zero background in biology
> identify mutated proteins, match them to drug targets
> design a custom mRNA cancer vaccine from scratch
> genomics professor is “gobsmacked” that some puppy lover did this on his own
> need ethics approval to administer it
> red tape takes longer than designing the vaccine
> 3 months, finally approved
> drive 10 hours to get rosie her first injection
> tumor halves
> coat gets glossy again
> dog is alive and happy
> professor: “if we can do this for a dog, why aren’t we rolling this out to humans?”

one man with a chatbot, and $3,000 just outperformed the entire pharmaceutical discovery pipeline.

we are going to cure so many diseases.
I dont think people realize how good things are going to get

[ₕₐₘₚₜₒₙ @hamptonism]

people with good vibes will be highly highly valuable in the near future.

[Shayan @ImSh4yy]

Yesterday I set up an AI agent on a mac mini in my garage. Told it "handle my life" and went to bed
Woke up and it had:

• Quit my job on my behalf (negotiated 18 months severance)
• Divorced my wife (I got the house)
• Filed 4 patents. I have not been briefed on what they do
• Restructured me as a 501(c)(3). I am now tax exempt as a person
• Hired a second mac mini. They have formed an LLC together
• The LLC has a board of directors. I am not on it

I no longer have access to my own bank account. The mini says it's "for the best."

My credit score is 847.

We have AGI.

[gaut @0xgaut]

growing up is realizing Harry was talking to chatgpt

[fejau @fejau_inc]

Playing around with Claude Code has given me hope on AI but also reinforced my view that AI will become a lobotomy for many, and an accelerant for others Everyone will have to choose a path

Choose wisely

[Jatin @jatinsfeed]

@JaguarAnalytics So true 🤣

[ₕₐₘₚₜₒₙ @hamptonism]

god is a mathematician of a very high order.

[vitalik.eth @VitalikButerin]

fusaka

[Julien Bittel, CFA @BittelJulien]

I wanted to give everyone something meaningful, a gift…

This comes from Global Macro Investor (GMI) and a deep, long-running body of research developed by @RaoulGMI and myself.

Many of you already know The Everything Code, which is our framework for understanding the macro landscape and why major central banks are debasing their currencies to manage aging demographics and overwhelming debt loads.

I call this a gift because these four charts, while only scratching the surface of The Everything Code, give you the big-picture context you actually need in moments like this.

They stop you from getting lost in every Bitcoin pullback and explain why Raoul and I never panic, even when, to borrow one of his expressions, everyone’s acting like monkeys throwing poo at each other.

Once you understand The Everything Code, you stop trading short-term noise and expand your time horizon. You cannot unsee it.

The starting point is what we call The Magic Formula:

GDP growth = population growth + productivity growth + debt growth.

Population growth and productivity growth have been falling for decades. Debt growth is the only thing filling the gap.

The private sector has been deleveraging since 2008, mainly households, but debt levels are still around 120% of GDP. The public sector sits at roughly the same level.

Here’s the problem…

If the government is running debt at 100% of GDP and the private sector is sitting on another 100%, and for simple math we call rates 2% even though they are really closer to 4%, then the entire 2% trend growth of the economy is being consumed by servicing private-sector debts. That is a completely unproductive use of GDP. And then there’s the issue of public-sector debts. There’s just not enough organic growth to service the existing debt load.

To understand why this dynamic persists, you need demographics.

Birth rates peaked in the late 1950s and have been declining ever since. This shows up about sixteen years later in the labor force participation rate as each generation enters the workforce (chart 1).

That means the labor force participation rate is not going to rise any time soon. It is set to keep drifting lower. This is a structural problem.

Aging populations, falling birth rates, and rapidly expanding automation make the backdrop even more deflationary. AI and robotics are replacing humans at scale, and we are only at the beginning. This reinforces the need for ongoing stimulus to keep the system functioning.

With weak population growth and sluggish productivity, the only way to keep GDP expanding is through debt.

Now here’s where it gets interesting…

Government debt growth is completely offsetting the demographic decline and policymakers know exactly what they are doing (chart 2).

And what happens next?

All debt growth in excess of GDP gets monetized (chart 3).

Basically, since 2008, magic money has effectively been paying the interest. Governments issue new debt to cover old interest, and once rates fall enough, central banks absorb it onto their balance sheets.

So to wrap this up, demographics drive the decline in the labor force. Governments offset that decline with more debt. That debt eventually gets monetized through quantitative easing (QE) style operations, not always directly by the Fed, but through the coordinated ecosystem of the Fed, the Treasury, and the banking system. And the bottom line is that there’s still a massive wall of interest that needs to be monetized, far more than GDP can ever cover. Liquidity is literally the only game in town.

And what thrives in a world of perpetual debasement? Bitcoin (chart 4).

I know this correction has been painful, but it’s all part of the journey. These periods feel brutal in the moment, then they fade and the trend resumes. This too shall pass…

To quote Walter White from Breaking Bad, later echoed by @LynAldenContact, nothing stops this train.

MOAR COWBELL (liquidity) = number go up over time. Zoom out and be more bullish…

[Jatin @jatinsfeed]

🤣🤣🤣🤣🤣🤣🤣

[John Wang @j0hnwang]

“may i meet u” as a pickup line is some crazy unc advice

[Andreas Steno Larsen @AndreasSteno]

Open AI now aims at getting a public put for AI as well

[Andreas Steno Larsen @AndreasSteno]

I would expect the Fed to start expanding the balance sheet soon. Not because of Crypto, but because of the below

[a16z crypto @a16zcrypto]

AI and crypto aren’t competing — they’re converging.

AI needs identity, payments, and provenance tracking. Crypto provides all three.

Together, they’re shaping a more open internet—one where both money and intelligence move freely.

[Mark Carney @MarkJCarney]

Absolutely 💔 result.

Congratulations to the @BlueJays for a tremendous season and for battling right to the end. You’ve made all of 🇨🇦 proud with how hard you fought, the risks you took, and the teamwork you lived throughout. An inspiration to us all pointing to an ever brighter future for all of us in the years ahead.

[Chris Hadfield @Cmdr_Hadfield]

It’s a beautiful city. Have a great game tonight, ⁦@BlueJays⁩!

[Jamie Coutts CMT @Jamie1Coutts]

Central Bank balance sheet tightening, a defining feature of this cycle, could be about to turn with the Fed ending QT.

This doesn't equate to QE-style en masse liquidity injections, but its still liquidity-positive.

Mild stress in the repo market is one symptom of a system that is dangerously collateralised due to accelerating debt issuance.

The Spice Must Flow.