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jo 🇺🇸 · 7w

the fiat world runs on one thing: ever-expanding debt. debt only works if someone wants to fund it. that demand is breaking — starting with bonds.

jo 🇺🇸 @jo 1767394172

for 40+ years:

• Rates fell
• Debt expanded
• Everything inflated

that 40-year bond bull market ended in 2020.

Bitcoin was born for this moment.

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jo 🇺🇸 · 7w

when bonds break, everything breaks. • stocks = leveraged debt • real estate = leveraged debt • banks = debt warehouses • governments = debt issuers there is no “safe TradFi asset” left.