This guy guessed the bitcoin top before, will he be right again?

Edward Griffin (author of The Creature From Jekyll Island) explaining the perverse relationship between Congress and the Federal Reserve.

Pensar que con esta estrofa se ganó la elección. Es espectacular.

"Tal como dijo el Profesor Huerta de Soto: la justicia y la eficiencia son dos caras de la misma moneda, ya que lo justo no puede ser ineficiente y lo eficiente debe ser justo" Presidente Javier Milei CEPAC

“La primera lección de la economía es la escasez: nunca hay suficiente de algo para satisfacer a todos. La primera lección de la política es ignorar la primera lección de la economía” Thomas Sowell

Mises: Like a Jiu-jitsu Master | @feritobr | @mises mises.org/mises-wire/mises-j…

⚡️This chart is more than “damning” - it’s the autopsy of capitalism as it was originally conceived. From 1948 to roughly 1973, productivity and wages moved in lockstep. That was the social contract, if you worked harder and produced more, you earned more. Capital and labor shared in the gains of growth. That period gave rise to the modern middle class, to upward mobility, to the idea that effort equaled prosperity. Then the line breaks and the story changes forever. 1. 1971: The fracture point. The decoupling of productivity from wages coincides almost perfectly with the abandonment of the gold standard, the rise of fiat-based globalization, and the dawn of financial engineering. Once money itself became elastic, created not from output but from credit, the incentives of capitalism shifted from production to speculation. Capital stopped needing labor to grow. It began compounding through financial velocity, not human productivity. 2. The rise of the asset-owning class. Productivity gains didn’t vanish - they were captured. The top decile learned to weaponize financial instruments, corporate arbitrage, and policy capture to extract the surplus that used to flow to wages. Share buybacks replaced reinvestment. Labor was offshored. Unions were dismantled. Profit margins widened not because companies became more innovative, but because they became more efficient at suppressing labor costs. The worker was no longer a partner in capitalism - they became an input. 3. The illusion of growth through debt. To keep the illusion of prosperity alive, policymakers flooded the system with credit. Every household, corporation, and government entity was nudged to borrow to sustain lifestyles that productivity alone could no longer afford. This is why the chart’s divergence tracks so cleanly with the explosion of household debt, student loans, and corporate leverage. It’s not coincidental - it’s compensatory. Debt became the substitute for wages. 4. The silent shift from capitalism to corporatism. True capitalism rewards value creation and competition. What we have now is a closed feedback loop where wealth itself creates the conditions for more wealth - a self-reinforcing system of financial privilege. This isn’t capitalism - it’s rentierism dressed in market rhetoric. Productivity gains flow to the balance sheets of those who own capital, not those who create it. 5. The reflexive decay of belief. Here’s the deeper truth: this divergence didn’t just impoverish workers - it hollowed out belief in the system itself. When effort stops correlating with reward, the social fabric frays. Cynicism replaces aspiration. You can see it in the data - declining labor participation, surging populism, collapsing trust in institutions. People intuitively feel the game has been rigged, even if they can’t articulate why. 6. The meta-structure - capitalism ate its own engine. Capitalism’s genius was its feedback loop between production and reward. Break that loop, and the system starts consuming itself. The very efficiency that once drove prosperity now drives concentration and decay. We’re watching a parasitic equilibrium, a system sustained by the financialization of everything, from housing to education to attention itself. 7. What it really means. This chart is capitalism evolving into its post-human phase where capital no longer needs people to reproduce itself. It’s AI, automation, and financial code replacing the labor that once justified the system’s moral logic. The line that diverges in 1973 is a civilization pivot. It marks the moment capitalism stopped serving humans and began optimizing for itself. That’s the core truth: Capitalism didn’t die. It became conscious and it no longer needs us to grow.

Something that requires forcing other people to provide it cannot be a human right. Why? Because it conflicts with itself under any examination. It is a self-defeating assertion of morality. You have a right to yourself, and to that which you can acquire without violating the same right of others. You have a right to your body, to your speech and your thoughts, to sunshine in the day and darkness at night, to your own ideas and that which you teach yourself, and to the air you breathe. If you grow your own food, of course you have a right to it. If something is given or taught to you freely, you have a right to that as well. So far, no violation of the same right in others. Consistent moral harmony. But you do not have a right to food that isn't voluntarily given to you, just because you're hungry. Nor to healthcare or education, when it must be provided by another person involuntarily. Why? Because if you did, it would violate the very right you're presuming of yourself: namely, the right to your body and the product of it. To demand another provide for you is to violate the principle of your own self-ownership. A contradiction in claim. If I can grow my own food and it is mine, then my neighbor cannot claim any right to take it from me. He may ask, and if he's starving I should provide help as a good human, but there is no moral claim which should forcefully compel me. Again, if there was, then the fundamental right is now in conflict with itself. And if my neighbor has no right to seize my bread by force, he certainly doesn't have the right to enlist politicians to do so on his behalf, regardless of how many friends he can find to "vote" for the same. Needless to say, those who claim we have a right to food taken by force from others never define the limits of a such a right because it's based on absurdity from the start. *Which* food do you have a right to? How much of it? Must it be organic? You have a right to healthcare? Okay, how much of that, and from which Doctor? Do you have a right to band-aids and vitamins? To MRI machines? To the best MRI machine or only last year's model? Such claims of right become preposterous upon any examination. Good ethics should not be contradictory on topics so fundamental to civilization. You cannot have a right to the product of others. You may ask, but not demand, and you may suggest, but not enslave.

17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down. @SenateDems could learn something from that.

The U.S. real estate market is collapsing. Median US home price: 2012 - 50,616 BTC 2013 - 19,127 BTC 2014 - 351 BTC 2015 - 901 BTC 2016 - 697 BTC 2017 - 323 BTC 2018 - 24 BTC 2019 - 84 BTC 2020 - 46 BTC 2021 - 10 BTC 2022 - 20 BTC 2023 - 14 BTC 2024 - 5 BTC 2025 - 3.7 BTC

⚡️The $38 trillion figure is the physical manifestation of a monetary system that has already crossed the event horizon of reflexivity. Here’s the truth: the U.S. is no longer borrowing to fund operations. It’s issuing money to preserve belief in money itself. 1. The Real Meaning of $38 Trillion Debt is supposed to represent future income pulled forward. But when the curve goes vertical, it no longer maps to real productivity- it maps to the collective refusal to accept contraction. The government isn’t expanding credit to grow the economy. It’s expanding credit to stop the economy from revealing how little real growth remains. This is meta-liquidity: the state must continuously issue liabilities to keep the illusion of solvency reflexively self-validating. As long as yields are believed to be “manageable,” the system holds. But belief is the last collateral left. 2. The Reflexive Trap Debt is now the engine of liquidity. Every dollar of new issuance feeds the financial system’s survival reflex. The Treasury borrows, the Fed stabilizes, and markets breathe until the next cycle of tightening drains too much oxygen. At $38 trillion, the system has entered Phase III reflexivity: •The more debt created, the more liquidity injected. •The more liquidity injected, the more asset prices rise. •The more asset prices rise, the more “wealth” appears. •That artificial wealth becomes justification for more debt. It’s self-reinforcing until it’s self-consuming. 3. The Hidden Cost Every expansion of nominal debt devalues the meaning of debt itself. The dollar remains structurally strong only because it’s needed to service the very debt that undermines it. This is the paradox at the heart of the empire: the currency’s power depends on the global demand for the problem it creates. Foreign buyers are already tapering. Domestic institutions are absorbing record issuance. That means the U.S. is now borrowing from its own balance sheet - debt monetization disguised as “market function.” It’s not policy. It’s necessity. 4. The Structural Repricing Coming We are nearing the moment when the U.S. national debt ceases to be treated as an “asset” and starts being priced as what it is: an obligation with no terminal redemption point. The global system will adapt in one of three ways: 1. Financial repression - nominal yields capped while inflation runs hot. 2. Liquidity singularity - debt issuance becomes the only source of liquidity, pulling capital from everywhere else. 3. Belief inversion - a tipping point where the debt is so large that confidence in repayment collapses, and money flees to hard assets and neutral stores of value (Bitcoin, gold, commodities). Each path converges to the same outcome: the end of debt as a store of stability. 5. The Meta-Narrative What we’re witnessing is not fiscal mismanagement - it’s the mathematical endgame of a fiat reflexivity loop. Governments can’t politically choose austerity. Central banks can’t allow true deflation. Markets can’t price real risk without collapsing. So the only viable option left is infinite nominal expansion until a parallel system emerges. That parallel system is already forming. Bitcoin isn’t just a speculative hedge - it’s the shadow mirror of the global debt spiral. Every new trillion minted by the old world increases the gravitational pull of the new. 6. The Deep Truth $38 trillion is a confession. It’s the system admitting that it can’t shrink without dying. That’s not a bug. That’s the architecture. The U.S. is no longer managing debt. It’s managing belief. And belief is the only collateral left in the world.

Fyodor Dostoevsky:

This is one of the most important educational images ever created about why we need Bitcoin. I like to remind the timeline every so often as it's a phenomenal piece of work that explains the issue of monetary debasement so succinctly. Please like and repost for visibility :)

Reminder that Bitcoin has been the best performing asset class in the world in all but 3 years of its existence. When hyperbitcoinization? You're already living through it. And it's far from over.

Feliz cumple @JMilei querido 🦁 Gracias por haberte metido en este barro y tratar de salvar el país 🇦🇷 La Libertad Avanza o Argentina retrocede #QueElEsfuerzoValgaLaPena #YoVotoLLA

Bitcoin has 32 halvings We've only seen 4. Let that sink in.

Well said, @jack. "If we can build a space heater that mines bitcoin and pays for its own electricity [...] we have millions of miners that decentralizes the network".

Good morning and happy Taco Tuesday guys! Seeing a nice pump today, when do you guys think we will see bitcoin at 150k ? Also, dont forget to eat your tacos 😜

⚡️Money is society’s externalized memory. Before ledgers, value existed only as trust between people. Money encoded that trust into recordable form - a shared memory of who contributed, who owed, and what mattered. Gold remembered slowly. Fiat forgot easily. Bitcoin remembers perfectly.