N

admirer of tasteful products.

[Shin | $OPENARMY 🇺🇸 🇨🇦 🇰🇷 @mudirshin]

Last July, I came across Eric Jackson(@ericjackson ) on X almost by chance.
At first, I bought Opendoor ( $OPEN) simply as a short-term trade, hoping to make a quick profit. I believe the price was around $2.50 at the time.
When the stock dropped about 20%, I panicked and sold due to a lack of conviction. In hindsight, I ended up losing around $10,000, largely because I didn’t truly understand or believe in the company back then.

Even after selling, I continued to follow Eric Jackson’s posts and kept researching Opendoor. Over time, as I dug deeper into the company, its business model, and its leadership, my confidence began to grow. I came to believe that if a capable CEO is running the company, interest rate cuts are not a question of “if,” but “when.” With that mindset, I decided to shift from trading to a long-term investment approach.

From that point on, I steadily accumulated shares in the low $2 range, eventually building a position of 40,000 shares at an average price of $2.18.

Today, the stock price is already more than 10x higher than it was last July. While it’s still well below the prior highs in the $10 range, I see the recent pullback as a natural correction after a massive move from $0.53 to $6.

The earnings call is expected toward the end of February. In my personal opinion (purely my own view), profitability in Q4 2025 may be difficult, but I believe Q1 or Q2 of 2026 could be a realistic timeframe for a transition to profitability.

I know many investors who bought around $9 are struggling right now. However, based on the current leadership—especially Kaz as CEO—I believe Opendoor has the potential to become a Carvana-like success story.

I even asked Eric Jackson directly whether he would sell Opendoor at $82. His response was memorable:
That price target was associated with the previous CEO, and under the current Kaz-led leadership, he would not sell even if the stock reached $82.

The more I study the housing market and read articles about Opendoor every day, the stronger my conviction becomes. I truly believe Opendoor has the potential to evolve into a company similar to Carvana.
Of course, I’d love for it to happen sooner, but realistically, this may take around five years. For short-term traders, this period can be challenging. But for long-term investors, I believe Opendoor offers significant value and upside.

So don’t be too discouraged by short-term price action. With patience and conviction, I believe better days will come.

OPEN to the Moon 🚀

[mert @mert]

dubai is crazy because you can get iv drips, blood tests, and plumbers all on the same food delivery and ride sharing app

[Francesca Albanese, UN Special Rapporteur oPt @FranceskAlbs]

Likely raped to death.
A doctor. A stellar surgeon. The embodiment of Palestinian ethics.
Likely raped to death.

The racism of Western media who are not covering this, and Western politicians who are not denouncing this, together with the thousand other testimonies and allegations of rape and other forms of mistreatment and torture that Palestinians have suffered in Israeli jails, is absolutely sickening.

[Giovanni's BTC_POWER_LAW @Giovann35084111]

Gold is not adopted. There is nothing to adopt. It is an asset used in uncertain times as a hedging tool. China is playing anti-dollar games with it.

Bitcoin is a scaling phenomenon. It will be 100x in 20 years.

Gold cannot because people would find ways to mine much more, even in non efficient ways, for example, if it did and price will collapse and then stabilize.

Gold is Temu Bitcoin.

[Yishan @yishan]

My wife always had this clever thing when our kids were young and fights would happen.

Sometimes a kid would run crying to us saying "He hit me!" like they'd been attacked for no reason.

My wife would always ask, "Ok, but happened right BEFORE that? Did you do something first? Like did you try to choke off his entire semiconductor industry by imposing worldwide trade restrictions on equipment and materials in an attempt to crash their economy and hold back their economic development?"

[Mohamed Salah @MoSalah]

Can you tell us how he died, where, and why?

[Gaurav Ragtah @gragtah]

No. People aren't going to ~vibe code~ their own apps.

A corollary of Jevons paradox (greater resource efficiency surprisingly leading to greater consumption) is that the efficiency gains also lead to people demanding more while further reducing their effort expenditure.

Cue every generation complaining "people are getting lazier now and want everything easy; back in my day..."

Most consumers aren't going to start putting in non-zero work to build their own apps, they're simply going to get "lazier" and expect much more quality and quantity from app developers and companies.
Just like they aren't 3D-printing their own tools en masse, internalizing the infinite knowledge of the internet, etc.
The average consumer will instead expect to spend progressively lower $ for someone else to abstract away monkey work and deliver absurdly greater experiences with each technological advancement.

Unless you're pathologically buddhist, the human desire treadmill ain't stopping ever and certainly ain't stopping now. Most people will simply always desire greater and greater things for lower effort than before.

[N @nadimhh]

@AveryAlchek @bchesky

[Meb Faber @MebFaber]

Investing quote of the day via @morganhousel:

[N @nadimhh]

@SteveTuekam Feels consistent with what one would intuitively expect

[Cole Walmsley @Cole_Walmsley]

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

[Michael Saylor @saylor]

My discussion with @PeterDiamandis at @Abundance360 covered #Bitcoin, digital assets, digital transformation, and digital growth strategies. It included lots of interesting questions from an enthusiastic audience of 500+ tech CEOs, investors, and owners.

[Lee Mordechai @LeeMordechai]

3/ I, Lee Mordechai, a historian by profession and an Israeli citizen, testify here to the horrible current situation in Gaza as events are unfolding.

[Anwar El Ghazi @elghazi1995]

@piersmorgan Hey Piers. Good to see you calling out moral cowardice on matters relating to the Israel and Gaza conflict. I must have missed your post in outrage at the time I was sacked by a German club for standing up against the killing of innocent children and refusing to accept Israel 1/2

[N @nadimhh]

Next level frictionless

[Joseph Cohen @josephcohen]

This experience is amazing

Nice job @Starbucks

[Thomas Fahrer @thomas_fahrer]

Which one is the ponzi scheme?

[Walker⚡️ @WalkerAmerica]

History rhymes.

[Amjad Masad @amasad]

Required annual reading to stay real https://t.co/uVRwHMTE5r

[N @nadimhh]

@hulu_support hi, I need to cancel my Hulu subscription but am currently outside the US so can't access Hulu from here. Please help.

[N @nadimhh]

At least he’s honest