Beautiful September weekend on the Appalachian Trail

BREAKING 🚨: Commercial Real Estate Office CMBS Delinquency Rate jumps to 11.7%, the highest level in history 🤯

When you take money by force you have no need for profits

People in New York are about to re-learn a hard lesson: Marxism is economically illiterate. You can raise someone's share of the pie through socialist policies, but what Marxists don't understand is that "better equality" is being achieved by shrinking the overall pie itself. On paper, that looks like justice. In real life, it is like stagnation. Consider a city like NYC. Space is scarce, demand is intense, and taxes are high. Prices rise because a lot of people want limited land and services. The Marxist answer is simple: “The rich are hoarding wealth, so we should take more of their pie and distribute it better through the state." It sounds virtuous. It is not economically sound. Here is why: 1. Static shares vs dynamic growth Marxism treats the economy as a fixed pie. But economies are dynamic systems. They expand when people invest, take risks, and build. If you remove the upside for those who create new value (your entrepreneurs, builders, scientists) you don’t merely “redistribute.” You reduce the incentive to create. Less investment means less innovation, fewer new jobs, and slower productivity growth. That smaller pie hurts everyone. 2. Incentives are not optional If an investor or founder cannot reasonably keep the gains from creating something valuable, they will deploy time and capital elsewhere or not at all. Its not "greed," it is how scarce capital gets allocated. When policy tells you that success will be confiscated, the rational response is to disengage. That shrinks the tax base, the job base, and the opportunity set for workers. 3. Knowledge and prices matter Markets communicate information through prices. When a central authority tries to direct output and set prices, it breaks the feedback loop that tells us what to build, where to build it, and how much of it is worth building. Misallocation rises. Shortages appear. Quality falls. “Equality” achieved by dulling signals leads to lower living standards across the board. 4. Capital flight and the quality of services High and punitive extraction on producers does not only move money, it moves know-how. The builders, operators, and skilled workers follow opportunity. The city loses the people who improve housing, logistics, energy, and services. These are the very things that make life more affordable over time. 5. Floor vs ceiling confusion Advocates promise a higher “floor” for the working class by enlarging their share. But when the system that raises the ceiling (innovation and investment) is crippled, the floor sags too. A larger share of a shrinking pie buys less: fewer jobs, less mobility, worse public services. A quick thought experiment: Under Marxist logic, your wage share might go up. Under market logic with strong property rights and predictable rules, your opportunities expand as businesses compete for your labor, new firms enter, and productivity lifts real wages. Which future gives you more freedom of choice, better career paths, and cheaper goods over time? The one where the economy keeps compounding. Wanting dignity for workers is right. Wanting a basic safety net is humane. But there is a vast difference between policies that enable people to create value and policies that punish value creation. The truth is simple: If the affluent cannot reasonably benefit from building, they build less. When less gets built, the pie shrinks. When the pie shrinks, a "bigger piece of the pie" still buys you less. That is why Marxism, as an economic ideology, utterly fails in practice. It confuses a moral impulse (fairness) with a mechanical solution that destroys the engine of prosperity. If we care about workers, we should care about growth, compounding, and incentives. Expand the pie and protect the rules that let anyone add to it. That is how you raise living standards for all.

AI-derived productivity increases alongside strategic layoffs and here we are.

BREAKING: US M2 money supply rose +4.5% YoY in September 2025 to a record $22.2 trillion. This marks the 19th consecutive monthly increase. By comparison, the long-term average growth has been +6.3%. Adjusted for inflation, M2 grew +1.4% YoY in September, posting its 13th-straight monthly increase. Own assets or be left behind.

JUST IN: 🇺🇸 The Federal Reserve has cut interest rates by 25 basis points.

Patagonia ☁️

Driving is the single most dangerous thing Americans do each day. Having 62,000 non-english speaking illegals driving 40-ton missiles on our highways is fucking crazy and California needs to be held responsible for that.

Rage Protocol’s presale is ending soon! RAGE is a treasury-backed token on Base, powered by deflationary mechanics and yield from paired assets $HESTIA (USDC) and $CIRCLE (ETH). The protocol incentivizes investing to boost underlying asset prices, driving accretive premiums for holders—don’t miss out on the final hours!

It is extremely difficult to warn future civilizations through deep time. We have hundreds of writings / structures encapsulating advanced knowledge and speaking of the global cataclysm And yet we have misinterpreted both the age of those structures and meaning of the stories

Beginning to get the picture ? YOU are the differentiator AI amplifies WHO you are First movers advantage makes the ignorant appear wise. As first movers marginal ROI slows, the real winners emerge This requires the will to act

Polymarket isn’t just the largest prediction market in the world — we're also the most accurate. Check out our new accuracy dashboard to see the wisdom of the crowd:

98.5% of data from 1870-1970 has NEVER been digitalized! It is an unfortunate assumption by some of the most brilliant minds in AI engineering that “all the human data is online already, and AI trained on it, so now we will use ‘synthetic data’”. This is assumption has caused AI companies to believe the only answer is “Synthetic data”. I knew this would be a problem in 1979, and saved as much as I could for AI training. Today it is a crisis and unfortunately no AI company cares to engage in a solution. The amount of human data from 1870–1970, the most high protein, can-do euros that has never been digitized is ~74.25 PB. 98.5% of 75 PB is undigitized, leaving ONLY 0.75 PB digitized. It requires a Manhattan Project to stop the loss of data: Archival estimates indicate: • ~70–80% of pre-20th-century documents are lost (e.g., due to events like the 1871 Chicago Fire or WWII bombings). • For 1900–1970, loss rates are ~70–80%, from media degradation and routine disposal. Averaging these rates across the period yields ~85% total loss. Thus, the amount of data from 1870–1970 already lost is ~98.75 PB (this excludes post-1970 losses and focuses on pre-digitization destruction, as substantiated by archival reports like those from the National Archives). So we can solve the lack of data issue with the focus on saving erasing of data today and curating what I have. I know how to do this but we are running out of time. Each week we lose the equivalent of The Library Of Alexandria. Think about it.

Insane to see the growth in prediction markets this year. ATH in weekly transactions the last month and steadily growing. Looks like the beginning of exponential growth rather than "an election cycle fad"

Imagine crypto treasuries could insulate themselves from flash crashes without crazy yield strategies or keeping most value in stablecoins @Ampleforth created a volatility-bounded, yield-bearing asset class via $SPOT to offer just that ⬇️ blog.elasticmoney.xyz/what-c…

An excellent graphic by @junhoBTC For those needing context, it depicts the global dominance of Cenozoic sedimentary cover across much of the Earth's surface i.e. Evidence of widespread (and recent) resurfacing events from massive, global-scale hydrological shifts

Unless you have a trade job, if you arent using AI daily in your workflows, someone else IS using it to out-compete you

On the @SonicLabs expansion effort into the United States:

Gold 4100