james

Good morning.
If you slept the prescribed 8 hours last night, the US government borrowed $1.94B in that time. And its Council of Economic Advisors has no idea what that means.
Have a great day.

2024-05-02 08:15:29

stay focused

2024-04-14 20:47:28

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Thank you Julia. 😅

2024-04-14 17:21:19

#Bitcoin is the only liquid asset that trades 24/7 and sometimes pays the price for this during weekends of potential World War, as investors too clever for themselves seek something, anything to sell before markets open again on Monday.

2024-03-27 16:01:24

The year is 2033. A Hershey's bar costs $39, the average home costs $2.7M, US Debt has crested $90T, and Vanguard investors are wondering why they weren’t allowed to buy #Bitcoin when it was still under $100K.

2024-03-24 00:53:15

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They will need to go further out on the curve to find more pools of capital that can and will be willing to participate in the auctions.

2024-03-22 04:07:57

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Depends on tax receipts next month. But if this administration has its way, it’ll be before that.
(It won’t get its way)

2024-03-22 03:55:02

Good evening.
I’ve been getting a lot of questions re: The Fed and QT.
Going to make this as simple as possible for everyone.
The Reverse Repo (RRF) is basically a slush fund where excess cash has been parked since QE 2020.
The Treasury has been using the RRF to fund its needs by issuing short term T-Bills.
The RRF is down to $500B from a peak of $2.5T.
When the RRF is drained, the Treasury needs to find new capital. It will do this by issuing longer dated Treasuries.
This will cause the banks to use their reserves.
There are currently $3.5T in bank reserves.
When bank reserves drop to $2.5T the Fed and Treasury get nervous.
Why?
Because they worry about another liquidity crisis like Sept 2019 when the overnight rates spiked when banks basically ran out of liquidity at the same time that the Treasury issued a pile of unexpected debt.
There are a number of reasons for this I won’t go into.
And so, when the RRF is drained or near drained, the Fed slows QT (selling the bonds they bought in 2020-2021 to add liquidity in the markets. This is also what helped create the excess slush fund of RRF).
And then, when the reserves hit $2.5T, QT ends.
Why?
The Fed cannot compete with the Treasury for liquidity at that point.
Because the last thing the Treasury can have is disfunction in a Treasury auction.
And so, QT ends.
And the next step will be?
QE.
More cowbell. More. slush fund.
Wheee.
Hope this helps. Have a great night.

2024-03-21 02:31:17

Greenpeace should just be dissolved at this point.

2024-03-18 06:01:34

You can go along with mainstream narratives or you can critically think. But you cannot do both. Choose wisely, as your future depends on it. #Bitcoin.

2024-03-11 17:52:08

#Bitcoin has just bumped #silver to become the 8th most valuable asset in the world. All else held equal...
at $105K, it jumps Saudi Aramco,
at $137K, it enters the top 3,
and at $153K, #Bitcoin becomes the second most valuable asset in the world.
https://m.primal.net/HjqU.jpg

2024-03-11 01:55:56

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Relatable 😅

2024-03-10 22:50:31

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As Jeff Booth says, it’s quite difficult to imagine a completely new system from the vantage of the old one.

2024-03-10 22:49:33

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🫂

2024-03-10 22:48:58

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Great quote.

2024-03-10 22:08:23

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Dangit. Crazy and I’m so sorry man.

2024-03-10 22:05:22

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Dude. And we just talked about this at dinner. So freaky.

2024-03-10 22:04:31

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Yo. Going to try and spend some more time here now that my Nostr is fixed!

2024-03-10 22:01:10

When you live in the #Bitcoin world for a few years, it’s truly difficult to imagine that bad takes are not malicious. In truth, they are almost always merely just from ignorance.
Reminders that we are still so early.

2024-03-07 20:44:57

Five companies (AAPL, MSFT, GOOGL, AMZN, and META) are hoarding a combined $517B of cash.
A mere 1.67% of that is equivalent to the $8.5B of total net inflows into the #Bitcoin ETFs, so far.

2023-12-01 18:33:43

Prediction: The Fed 'successfully' tackles inflation and brings it back down to 2%. Then the discussion about changing that target to a range (somewhere above 2%) begins.

2023-06-29 01:08:57

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Awesome! Congrats man!

2023-05-26 03:42:11

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🎯

2023-05-26 03:38:37

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Dropped this pod yesterday, but working on this week’s as we speak!
https://podcasts.apple.com/us/podcast/the-informationist/id1689483148?i=1000614391111

2023-05-26 03:18:45

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🎯

2023-05-26 03:14:18

Less than $50B left in the Treasury General Account.
Tick tock…

2023-05-11 03:07:26

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Welcome aboard. We have a lot of work to do to educate people on these issues. Glad you’re on the mission.

2023-05-11 03:02:04

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Yep

2023-05-11 03:01:54

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💯

2023-05-11 03:01:47

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🤝

2023-05-11 03:01:41

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True

2023-05-11 03:01:29

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Yes

2023-05-11 03:01:10

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Exactly

2023-05-10 22:50:17

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🙏🏻

2023-05-10 22:44:51

We are reminded once again today that inflation is nothing more than stealthy theft from the masses. There is absolutely no other way to put it. Full stop.

2023-05-04 18:51:53

So, my last few critical posts about the Fed have been severely choked on Twitter.
Problem is, I don’t yet know how to properly post my long threads with charts and photos on here.
Is there a good resource for me to learn this from??

2023-04-26 05:55:24

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👊🏻

2023-04-26 05:54:08

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🤝

2023-04-26 05:53:53

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Likewise Andy. Thanks man! ✌🏻

2023-04-26 05:53:32

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🙏🏻😆

2023-04-26 05:52:48

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🤝

2023-04-26 05:49:54

Reality check, everyone. It’s not the politicians that need to be replaced, it’s the system. The. Whole. Damned. System. That’s why we’re here.

2023-04-22 04:53:37

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Thank you Mike!

2023-04-22 04:48:35

Fuck ‘likes’. I’m zap only now.
Am I doing this right?

2023-04-14 22:33:55

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Hey Matt, welcome. ✌🏻

2023-04-11 00:30:58

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Thank you Steven. I appreciate that.
Incredible, right?

2023-04-07 17:19:05

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🙏🏻✌🏻

2023-04-07 17:13:27

I agree that CBDCs will be easier. Easier to control how you spend your money, easier to limit the amount you can spend, and easier to confiscate all of it.

2023-04-07 01:59:49

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Just approved
https://www.wptv.com/money/real-estate-news/federal-housing-administration-greenlights-40-year-mortgages?_amp=true

2023-04-07 01:44:37

40 year mortgages will turn into 50 year mortgages, then 50 year mortgages will become 100 year mortgages, and pretty soon, we'll be piling on debt that we can legally kick to our great grand children.
Fiat.
It's a disease.

2023-04-05 16:13:41

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Thank you NM. I put a lot of work into the letter each week with intention. Appreciate your support and having you in the community!

2023-04-02 18:27:40

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Thank you Dubravko

2023-04-02 18:27:16

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Thank you NM!✌🏻

2023-03-31 16:11:45

It’s time for The System to be replaced.

2023-03-29 04:42:28

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I’m still delinquent. Let us know …

2023-03-29 04:39:36

#Bitcoin is insurance for Fed-driven QE Infinity, gov’t sponsored CBDCs, the bail-in of your uninsured bank deposits, your assets being seized, or an all-out sovereign fiat collapse.
You have insurance for your car, house, and your health.
Do you have insurance for these?

2023-03-23 19:10:11

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Thank you Patrick!

2023-03-22 15:30:28

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Thank you Joe!

2023-03-22 03:06:30

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It’s a bad bet IMO. But hey. He’s got an extra million or two to toss away 😆

2023-03-22 03:05:31

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Love this conversation. Thank you #[1]!

2023-03-22 02:48:23

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😆love me a good Magoo.

2023-03-22 02:37:25

"The only reason I’m doing this: to alert innocent Americans and dollar holders in the style of Paul Revere that the printing is coming."
- @balajis 🤝

2023-03-21 04:52:16

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😅

2023-03-21 04:43:03

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Thank you sir! ✌️

2023-03-21 04:42:01

You all own a little #Bitcoin just in case, right?
Right?

2023-03-15 01:18:20

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😆

2023-03-12 22:00:10

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All wrapped in a horse shit burrito.

2023-03-12 16:59:23

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I think the time change messed up the scheduler on my Substack.
It’s out now. An important one!

2023-03-10 23:09:30

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Right on SatsMcd. It’s more fun to be on offense these days 😉👊🏻

2023-03-10 23:08:23

SVB had a Moody’s credit rating of A just 3 days ago.

2023-03-10 17:25:21

The White House 'monitoring SVB for possible contagion' is like a field donkey watching for a hurricane on the weather channel.

2023-03-10 03:43:01

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Leverage in the system is piano wire tight. One tweak in the wrong direction…

2023-03-10 02:46:59

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Honestly, we used a U.S. LIBOR rate when I set derivative pricing. London is not as in control as you may imagine. And Eurodollars are just US denominated debt in foreign banks. = more USD demand.
SOFR is happening because of bad LIBOR actors.
I would say, don’t overthink the Fed intent. They know they MUST tame inflation first. Even if it means they have to print their way out of a recession later.
Hyperinflation is not an option. Period.

2023-03-10 02:30:33

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💯 I’ve noticed it.

2023-03-10 02:25:30

Run on one bank → credit event → contagion → imminent financial system collapse → QE infinity
Buy #Bitcoin

2023-03-07 00:07:03

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Right on! Thanks Deuce! 👊🏻✌🏻

2023-03-06 16:16:20

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💯

2023-03-06 16:16:00

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🤝

2023-03-06 16:11:22

Asking Jamie Dimon about #Bitcoin is like asking Mark Zuckerberg about TikTok. Neither will ever be objective or truthful about the disruption at their doorstep.

2023-02-26 22:42:40

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I like the idea. Working on a few things and may have to move from Substack to allow for options like that.

2023-02-26 04:08:40

SEC Chairman Gary Gensler: Everything other than #Bitcoin …[is a security].

2023-02-25 00:12:58

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We need some regs on these. Getting absurd.

2023-02-24 17:00:31

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🫂

2023-02-24 03:30:27

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🙏🏻✌🏻

2023-02-24 03:07:04

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Putting the rats in charge of the cheese factory.

2023-02-24 03:05:42

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dude

2023-02-24 02:17:51

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🙏🏻🙏🏻

2023-02-24 00:13:32

Since 2020, the top 1% captured $26 trillion or 2/3s of all new wealth created, while the other 1/3rd was shared by the entire rest of the world put together.
It’s time for a new system. It’s time for Bitcoin.

2023-02-21 01:43:48

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🤮

2023-02-21 01:06:29

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I hate to hear that MonKota. You’re welcome and keep on✌🏻

2023-02-21 01:05:32

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We are headed for printing that will melt eyeballs.

2023-02-21 01:04:56

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🤷‍♂️😮

2023-02-21 00:51:14

When you have to borrow more, at higher interest rates, this is what happens. It’s really simple.
https://nostr.build/i/nostr.build_9ccdb2d28bc1264696f6da19b3e3135075e157e3c971785e66650b61142e40f3.jpeg

2023-02-19 01:47:35

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👊🏻

2023-02-19 01:45:12

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Welcome to the Signal

2023-02-19 01:42:48

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🤝

2023-02-17 02:10:28

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🤓

2023-02-17 02:10:15

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✌🏻