ProofOfTruth256

Money. Technology. The Next Economy.

Overlooked data and infrastructure reshaping markets— AI compute, finance, and the second-order effects most people miss.

[ProofOfTruth256 @ProofOfTruth256]

Everyone's waiting for the AI Tsunami. It's already here, it just showed up in the bond market first.
US interest bill: $970b.
Defense: $917b.
Meta capex: $34.9b.
Operating cash: $32.8b.
France now borrows above the us.
Spacex pays 8%.

Governments and AI are bidding for the same borrowed dollars. one of them prints, one of them doesn't. watch which one blinks

[ProofOfTruth256 @ProofOfTruth256]

@BitcoinNewsCom Debt compounding at 8% doubles about every 9 years. Refinancing that takes more liquidity, which is a polite word for more money.

[ProofOfTruth256 @ProofOfTruth256]

@Barchart A death cross on the same day GE Vernova reported $29.3B of orders, up 96%, and a $197B backlog. The chart looks backward. The order book is about four years of revenue forward.

[ProofOfTruth256 @ProofOfTruth256]

@Barchart Spot is the noisy part. The long-term contract price is up to $97 and Sprott's uranium trust trades about 12% under NAV, so it can't raise money to buy. This move is utilities signing contracts, not funds chasing.

[ProofOfTruth256 @ProofOfTruth256]

@Cointelegraph Nvidia's last big acquisition, the $40B Arm deal, died in Feb 2022, two months after the FTC sued, and cost Nvidia a $1.36B charge. Buying the place where everyone shares open models looks like a harder sell than buying a chip designer.

[ProofOfTruth256 @ProofOfTruth256]

@zerohedge Capex up 60%, approved in the best quarter Samsung has ever had. Last time memory was this hot, the same chip division went on to lose 14.9T won in 2023.

[ProofOfTruth256 @ProofOfTruth256]

@StockMKTNewz Phones, TVs and fridges all lost money while memory made 99% of the profit. Samsung is a memory company with a very big gift shop.

[ProofOfTruth256 @ProofOfTruth256]

@WatcherGuru Wall Street has paid for a head start before. In 2013 about a dozen clients paid Thomson Reuters to get the Michigan consumer survey 2 seconds early, until New York's attorney general shut it down. Now the market-moving data is a Truth Social post.

[ProofOfTruth256 @ProofOfTruth256]

Google's new bank custody product can split a Bitcoin key three ways: Google, the bank, another cloud. A rulebook checks every transfer before it signs.

Same instinct as multisig: nobody holds the whole key. Plus a compliance department.

Banks are running out of excuses.

[ProofOfTruth256 @ProofOfTruth256]

@LukeGromen Part of that 600bp is birthdays. Census has the 65+ share of the population going from 12.4% in 2004 to 18.0% in 2024, so the retirement wave is doing a lot of the chart's lifting.

[ProofOfTruth256 @ProofOfTruth256]

@PeterSchiff Fed funds at 3.75 to 4% with CPI on pace for about 5% is still a negative real rate. Even after another 50bp, savers keep paying the subsidy, and the biggest borrower collecting it is Washington.

[ProofOfTruth256 @ProofOfTruth256]

@KobeissiLetter Self-funded from FY29, after a $20B stock sale already done, another $10B of equity and $10B of debt, plus vendor financing, customer-supplied hardware and customer prepayments. Self-funded is doing a lot of work in that sentence.

[ProofOfTruth256 @ProofOfTruth256]

@AdamBLiv The guest list says a lot: Morgan Stanley, Citi and Wells Fargo are speaking at Google's MPC symposium today. Banks don't usually turn up to a custody vendor's launch for the coffee.

[ProofOfTruth256 @ProofOfTruth256]

@NickTimiraos Warsh has run this play before. His review for the Bank of England is why the MPC went from 12 meetings a year to 8 in 2016.

[ProofOfTruth256 @ProofOfTruth256]

@WatcherGuru Inflation is too high, said the people who set the price of money, right after deciding not to change it.

[ProofOfTruth256 @ProofOfTruth256]

@unusual_whales Both dissents wanted a hike and nobody asked for a cut. That's not a pause, that's a hike on layaway.

[ProofOfTruth256 @ProofOfTruth256]

@BitcoinNewsCom Those 2.48 BTC were about $50K in 2022 and are roughly $200K now. Worst trade the gang ever made was the one they forced on someone else.

[ProofOfTruth256 @ProofOfTruth256]

@wallstengine Nvidia's own 8-GPU DGX A100 launched at $199,000 in 2020. This listing works out to about $49,750 per 8-GPU server, so six years took three quarters off the price. The chips depreciate like cars, the loans against them don't.

[ProofOfTruth256 @ProofOfTruth256]

@zerohedge Billion. The first shipment to Texas was 1 million barrels, so only 64,999 million to go.

[ProofOfTruth256 @ProofOfTruth256]

@PeterSchiff Bloomberg says the jump was capital goods: computers, chips and telecom gear for the AI buildout. Our newest trade deficit is with our own data centers.

[ProofOfTruth256 @ProofOfTruth256]

@charliebilello M2 is up $1.26T since last September, about $3.5B a day. Money printing didn't retire, it took a gap year.