Cost of capital going up

Too bad they dont teach this in school! Well done.

Agree. AI's productivity promise is a major problem for the banks and indebted governments. But, if the 1990s are any guide, this problem will ultimately end up back in the lap of savers and holders of the currency.

When you look back to the last major tech advancement -- the internet -- you see prices coming down in the first half of the 1990s. Again, big problem for the banks and government. Greenspan starts priming the pump in the mid-90s, changed the CPI definition in 1996 to mask his expansion of the money supply -- leading to the bubble and crash.

In other words, paraphrasing @Saifedean Ammous, "a slow drain of monetary value over time transfers the wealth of its holders to those who can produce the medium at low cost." The government will need to offset the productivity gain.

The petrodollar was an example of balancing debt and securing energy/materials through superior warfaring. The problem, I think, is that you cant bully people forever. They find ways of pushing back and winning.

As evidenced by the various conflicts around the globe, it is proving very, very hard (politically, militarily) to dominate and gain control of energy and materials -- at least sufficient to bailout the massive debt represented by the world's global reserve currency.

The fact that the US is, nonetheless, taking this risk perhaps demonstrates how desperate its debt and fiscal spending situation is. And, so far, I am not sure the strategy is working.

Yields are blowing out. Treasuries are being shunned, not treated like a safe haven. And the efforts to gain control of energy resource is very expensive, adding to the problem -- not solving it, arguably.

Deep throat! 🤣

This is why we bitcoin.

If it isnt $5k checks, it will be something else.

Money printer go brrrrr.

Good morning! Have a wonderful day. PV.

You mean, people who dont need you, but just want to be in your life -- if you will accept them? Wow!

GN. Sleep well.