To live is to risk it all. Otherwise you’re just an inert chunk of randomly assembled molecules drifting wherever the universe blows you — Rick Sanchez
1/ Every single fiat currency is getting debased — whether they like it or not, they have been pegged to a Bitcoin standard by people rather than a closed door meeting of central bankers. BTW — what developing country gives a fuck about IMF SDRs?
@ConceptualJames I think it’s much worse — people have gotten deep into debt for degrees that are literally worthless in a digital economy where data analysis and engineering are king — that’s why they want a revolution— there’s sitting outside of the party with their figurative dicks in hand
NEW from @Brian_Riedl: Policymakers are spending money on the misguided assumption that low interest rates will keep federal debt levels affordable, but a new report shows how soaring baseline debt and rising interest rates could bring an economic crisis. https://t.co/bxzX3Rlwuu
In the last few weeks, I have become increasingly convinced that Kremlin has unfortunately made a decision to invade Ukraine later this winter. While it is still possible for Putin to deescalate, I believe the likelihood is now quite low. Allow me to explain why 🧵
@ianbremmer@McFaul There’s a complete leadership vacuum — that’s the reason the system is so unstable. Putin realizes that he has a window of opportunity to act with impunity.
In the last few weeks, I have become increasingly convinced that Kremlin has unfortunately made a decision to invade Ukraine later this winter. While it is still possible for Putin to deescalate, I believe the likelihood is now quite low. Allow me to explain why 🧵
In the last few weeks, I have become increasingly convinced that Kremlin has unfortunately made a decision to invade Ukraine later this winter. While it is still possible for Putin to deescalate, I believe the likelihood is now quite low. Allow me to explain why 🧵