🔥 NEW: Swedish healthcare firm H100 Group secures $2.1 million convertible loan from Adam Back with potential for additional $12.8 million, proceeds to be used to acquire more #Bitcoin.
We're working to become the FIRST public company to bring registered shares on Solana through @superstatefunds' Opening Bell platform.
Here’s why it matters / what it could look like:
✅ 24/7 trading across Solana, CSE & (pending) Nasdaq application
✅ Global access
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✅ On-chain utility: collateral, lending, and more
✅ Liquidity across trading venues
This isn’t a new asset — it’s the same stock, just more accessible.
🔗 Read: https://t.co/8b5ggvQ80j @laine_sa_@orangefincrypto
The only way out of this is a soft default.
Debts will have to be inflated away with nominal GDP growth.
There is no appetite to actually cut spending (Republicans lie).
There is no appetite to actually raise taxes (Democrats lie).
Since nobody is willing to spend less or earn more, we will collectively pay this bill via inflation.
Just like the Germans had to do after World War I.
Just like the British had to do after World War II.
Since we print our own currency, we are not going to hard default on our debt, as that is the way worse option.
But we will soft default.
Savings will be eroded away to nearly zero.
Debt assets will earn negative real returns for a generation.
Higher interest rates will be the rule. Not the exception.
Equities will do well, believe it or not, because nominal growth is great for risk assets over time.
But on the hedging side of the portfolio, you will need to hedge your risk assets with Gold and Bitcoin instead of with Bonds.
60/40 is going to mean 60% stocks, 40% gold.
Bonds will still serve a tactical role in portfolios for periodic growth scares (like right now). But bonds will not experience a secular bull market for an entire generation where they are worth buying and holding.
Eventually, the financial repression will run its course. Public balance sheets will appear nominally healthy again (although debts increased all the while), and investors can go back to owning bonds on a permanent basis.
Bonds did nothing from 1929-1980.
If 2008 was 1929, we are about 33% of the way done with this era global era.
Most of our adult lifetimes will be spent in this era.
So you better get used to it and learn how to trade it.
Goldman Sachs just released their AI report on economic growth.
They predict 300 million jobs will be lost to automation.
Here are the key takeaways everyone must know:
This AI moment of GPT4, paLM-E, and Stability AI is literally a nuclear deflationary bomb and is by far and away the biggest deflationary shock the world has ever seen, in the shortest ever period of time too, and is easily the biggest technology shift humanity has ever faced (maybe exceeding that of the nuclear bomb itself).
As Microsoft rolls this technology out into Microsoft Office, it will scale to over 1bn users in probably months, changing the nature of work, forever.
Nothing has ever happened like this before and we are all spinning to get our heads around what this means... for literally... everything.
The disruption to knowledge workers is beyond our imagination, both good (productivity) and bad (less jobs).
The opportunities it offers by leveling the playing field for poorer countries is also a systemic shock.
The genie is out of the bottle and it is not going back in.