Lyn Alden: Financial repression is the endgame for developed countries with too much debt.
They hold interest rates artificially below money supply growth.
Sometimes they force people to hold the currency - the US literally banned gold ownership.
"For the land of the free, you couldn't own a benign yellow metal because it was competition to what they wanted to do with the currency."
Over years and decades they siphon value away and "kind of reset the system."
FT @LynAldenContact@PeterMcCormack.
Pretty good take. Lever up. Own cheap debt for the longest duration as possible and it allows you to short the currency. Greatest business model and arbitrage opportunity in the world. This is why you don’t use variable rate loans on real estate.
When I watched the Ecuador coach celebrate so passionately after his team's victory over Germany yesterday, I was reminded of a profound truth often associated with Napoleon Hill:
"The most powerful mastermind alliance a man will ever form is in his marriage. A woman, rightly chosen, aligned in vision, and honored in spirit, can make a man unbreakable. But a woman wrongly chosen or unaligned in purpose will drain him of vision, strip him of confidence, and sentence him to spiritual poverty.
Many men fall not because of failure in business, but because of conflict in the home. They rise with vision only to have it mocked. They speak with clarity only to have it questioned. They act with courage only to be met with resistance. This is not partnership. This is war. And a man at war with his household cannot build peace outside of it.
But when a woman supports a man's purpose, when she believes in his destiny, when she reflects his greatness before the world sees it, that woman becomes the mastermind in motion. Her energy fuels him. Her intuition sharpens him. Her peace steadies him. Her presence becomes a sanctuary. And the man with that kind of partner is dangerous to every limitation.
You must choose this alliance with wisdom. And if you are already in one, you must train it, not ignore it. Share your aim. Speak your plan. Invite her insight. Draw strength from her spirit. This is not weakness. This is wisdom. This is law."
A reminder from Atomic Habits by James Clear:
“It doesn't make sense to continue wanting something if you're not willing to do what it takes to get it. If you don't want to live the lifestyle, then release yourself from the desire. To crave the result but not the process is to guarantee disappointment.”
The most indebted government on Earth is also the world's biggest lender.
It spends ~$2T more than it earns every year — then turns around and lends billions to other countries.
So where does that money come from? Let's get into it. 👇