Damus
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Orientation
This month gives us a glimpse of what escape velocity looks like.

So far:

- Maduro captured and U.S seizes Russian tanker
- Iran and Uganda both enforce internet blackouts
- Bond yields rise across major economies
- Political uncertainty both sides of the Atlantic
- Trump walks back Greenland tariff threats within days as markets react

Each rupture creates conditions for the next.

Unlike previous generations, we're watching this systemic collapse in real time. As Ray Dalio put it at Davos: "The monetary order is breaking down."

January shows us how traditional systems are struggling to pull themselves back from the brink: governments under pressure to pay back the interest on their debt. Central banks diversifying away from the currencies they're meant to defend. Presidents reversing policy because markets can't tolerate modest corrections. Regimes shutting down the internet because visibility itself is destabilising.

When the fiat order breaks down, Bitcoin gets its test.