Mark Valin
@So_mmel_ier
Multimedia Meditations: Vigneron Ignoramus, Esoteric Historian, Armchair Economist, Meme Scholar, Bro Scientist, Chiaroscurist* (not in that order)
Social & political organs are irrevocably distended. The dissolution of cultural coherence forces us to play integral roles in the fabrication of reality. It’s time to step outside the spotlight in order to know what a body can do. We are~ Starless: Stalking The Event Horizon
$1.4B Fartcoin is what you get when the "risk free" asset underpinning the entire banking & currency system is a bond issued by an insolvent govt w/debt of 7x revenues, off-bal sheet liabs of 20-30x revenues, peacetime deficits of 7% of GDP, that has not run a surplus in 24 yrs🤷♂️
For anyone who thinks today’s markets are just normal, I remind you that the market cap of Fartcoin is still $1.4B.
Mapping the dynamics of phyllotaxis in Palms. Illustration from Carl Friedrich Philipp von Martius’s Historia naturalis palmarum, issued in 10 parts, 1823-50.
Great wine dinner with Greg Brewer of Brewer Clifton. Amazing Chardonnay, Pinot Noir and Syrah from Santa Barbara county🔥
"Deeuroization" Words you wont find in a newsletter...
U.S. Dollar is now used in nearly 50% of global payments, the highest level in more than 12 years 🚨 Euro not so much…
IMO the question is less "What will happen to China when its population starts shrinking?" & more "What will happen to the US when its population doesn't shrink & AI/robots do to many types of US employment what China did to US mfg employment 2001-12?" "Learn to code" won't work
Pony AI gets permit to provide driverless robotaxis in Shanghai.
Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.
This is pretty wild. About 1/3 of CPI inputs are no longer measured in the real world (because of “BLS staff shortages”) but are modeled by their historical correlation to other inputs.
I have no clue if they're cooking the books, but if I were to do it this is how it would look.
Great Bordeaux comparison. 96 Palmer & Pichon Lalande seemed to be everyone’s favorites. 89 Pichon Baron is in a great spot. Opens up in the glass. Montrose would benefit from a few more years in the cellar. Drink Ducru 90 now. A little extra credit never hurt anyone 🍷
“Bitcoiners are unable to acknowledge their dependence on the state.” Read Peter Ryan’s @_PeterRyan piece in COMPACT: compactmag.com/article/money-…
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Researchers are rebuilding the foundations of the tower of cryptography for a quantum future. quantamagazine.org/quantum-scient…
Trump will stay true to his word of never allowing a “central bank digital currency” in the U.S. bc they will get rid of the Fed, roll its duties into the Treasury, and then issue a “stablecoin” instead…
Interesting to see that paranormal beliefs are rising over time. Nearly all of these have gone up over the last 20 years. Are we experiencing re-enchantment?
Paranormal beliefs in America
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Interview 1964 – Stablecoins Are WORSE Than CBDCs! with Mark Goodwin - via @CorbettReport corbettreport.com/interview-1964…
My kid got me Rayban Meta shades for bday. Forget facial recognition cameras. Literally every aspect of our lives is going on video in future. Walk outside of house in any city & someone will be wearing glasses that are recording & you won’t even know it. No obnoxious phone being…
14 Arnaud Ente is lights out good. Amazing depth, freshness & delineation. Drink now, keep 15+ 🔥 18 D’Angerville Clos des Ducs is delicious. Cherry, mint, fennel, loose leaf, all spice. Drink now, keep 15+ 🔥
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The era of "fair" pricing is over: Welcome to predatory individualized surveillance pricing
A USD stablecoin however…
.@POTUS: "I also remain fully committed to my pledge never to allow the creation of a Central Bank Digital Currency in America. It won't happen."
80 years ago, on July 16, 1945, the world's first nuclear explosion «Trinity» was conducted by the United States.
80 years ago, on July 16, 1945, the world's first nuclear explosion «Trinity» was conducted by the United States.
Monetary policy should remain tight until the 11% additional inflation we've had since January 2020 above the 2% trendline is erased. There's no point in having an inflation target if you're not going to adhere to it. The Fed should not cut rates at all this year.