beaverfever

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The moron in charge of Treasury announced that the solution to our 2 trillion deficit and 40 trillion debt is “well we’re just gonna havta grow ourselves out of debt” Try cutting something.

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Bessent is far from a moron. His job is to get the titanic through the night. Nothing more.

We’re way past the point where austerity can help. The debt based fiat system is reaching the end of its life. Plan accordingly.

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Think im gonna be spreading the love between coinbase, fidelity, venmo, cash app, and PayPal. These platforms seem secure based on longevity

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Thoughts on Bitkey?

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10 of the 12 scientists in his diary that he talked to said a lab leak was possible. He knew this from the very start. Yet he kept pushing the idea it came from a wet market.

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It was clearly a lie from day one. The people that ran the lab were immediately on tv telling us that they knew the exact market it started in and more or less who patient zero was. I didn't know what had happened but I knew it wasn't the bullshite they were saying.

If you see crypto get wiped out Oct-Feb, metals get wiped out Feb-May and signs of equities cooling starting in early June, and you STILL don’t tap the brakes, you don’t know what game you’re playing and have no business running a fund.

I think even if the monetization of AI disappoints a full blown crash isn’t the base case. I just think the hyperscalers that have been carrying the market for years would absorb that disappointment and they’d be dead money for 5-10 years.

Meanwhile, the rest of the S&P would probably kill it because they would have had their productivity gains subsidized by those hyperscalers.

If my life had depended on me correctly guessing one Hollywood creep prior to reading this thread, Leto would have been way up the list. Something about that guy screams, “don’t leave me alone with your loved ones”.

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Anthropic and OpenAI

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This will sound hyperbolic but I’m a little concerned that these companies could be worthless.

My approach is to buy genuine legends between the ages of 37 and 52. There’s a lull in almost every player’s cards during that period. Some come out of that period with stronger demand than ever. Some never really make it to the other side.

For example, I had been collecting Shaq but I’m starting to like Randy Moss more right now. Football is a crapshoot though, particularly if it’s not a qb. You don’t have that Asian market to juice prices like you do with basketball. But I don’t buy stuff to resell. I just try to buy stuff that I like and I think others will eventually like too.

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He told me $1 million.

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There is a guy in Baton Rouge who runs a YouTube channel that has a ~$5M collection. The hobby is pretty wild these days in certain pockets.

I wonder if they were assessing whether he would need to take a year off. Still don’t know why you wouldn’t tell people he had been in an accident.