We're at the part of the Ponzi scheme where the guy running it starts sweating.
The US has $38 trillion in debt. It grows by $6 billion per day—not per year, per day. The US added $1 trillion in debt in just 71 days last year.
Here's the problem: The US paid $1.2 trillion in interest on that debt in 2025. That's more than defense spending.
So how do you fix it?
1) Raise taxes? The wealthy leave (see: Britain)
2) Cut spending? Political suicide
3) Default? Game over
There's only one path:
Print Money.
Devalue the debt by making dollars worth less.
Ray Dalio: "If you devalue money, you devalue debt."
Translation: Your savings, salary, and retirement get quietly confiscated to pay for government debt.
The S&P was up 18% last year. Against gold? Down 28%. That 46% gap is the real inflation rate they're not telling you.
Currency devaluation isn't coming—it's official policy.
Wow.
Coinbase CEO Brian Armstrong pulled up a prediction market at the end of their earnings call today and he rattled off all the words people were betting he would say.
Legend.
(H/t @0xTyrael)
Banks considering creating stablecoins is no different than the status quo. You really think that is the representative amount of $ that the bank is holding? Try withdrawing it all for cash lol.
Bear down: Chicago is finalizing a deal to hire Lions offensive coordinator Ben Johnson as its next head coach, sources tell ESPN. Bears are getting their man.
@plies What type of Character are you demonstrating by being charged with DWI and putting other lives in danger on the road or illegal possession of a firearm? 😶
@MyFitnessPal I haven't been able to login via iPhone App in a few days. The app just gets stuck on the intro screen. I've already removed app and re-downloaded, same issue.
@nevmed Steel-man argument vs Straw-man. Love the approach. Shows your are educated on both sides of the spectrum and with the range of possibilites you choose not to have a position.