Let me get this straight: the Republican Party now favors concentrating power in one individual to impose protectionist tariffs, centrally plan the economy, nationalize stakes in private businesses, and use the Fed to create massive inflation to monetize soaring budget deficits.
Gold ( 29%) and Bitcoin ( 25%) are the top performing major assets so far in 2025. We’ve never seen these two in the #1/#2 spots for any calendar year. $GLD$BTC
Video: youtube.com/watch?v=R_ZsO0U5…
Saturday ☕️ is up
More tailwinds for Bitcoin adoption this week, AI chip companies just keep melting up & Data companies like PLTR enter stratosphere
Join X & me as we break is down & help listeners Stay Current
youtu.be/psME2YaCMUg?si=tNUL… via @YouTube
Bill Burr says "CNN and Fox News are a f*cking disease" and conservatives bashing him for going "woke" are "racists, horrible people and cowards. They never say it to your face."
"[Ben Shapiro] doesn’t even know what that word means. His definition of woke is white liberals’ definition of woke, and they didn’t even know what it was; they just took the word from Black people," Burr told Vulture. "That’s the worst thing about our people — not only do we take from other cultures, we don’t even take the time to understand the definition.”
Read more here: variety.com/2025/tv/news/bil…
In a recent FOMC meeting, Powell mentioned that he is mostly focused on PDFP, or Real Final Sales to Private Domestic Purchasers, when gauging growth outlook.
This is to ignore noise from huge variance around net exports due to tariffs.
PDFP ticked lower in this GDP report.
Michael Gann, 55, has been charged with manufacturing and attempting to detonate homemade bombs across New York City. Prosecutors allege he purchased explosive chemicals online, crafted at least seven devices, and stored several on SoHo rooftops—throwing one onto subway tracks near the Williamsburg Bridge. Though no injuries occurred, officials stressed the grave danger involved.
Gann faces three federal charges and up to 40 years in prison if convicted. Authorities say he conducted searches on explosives and firearms, and misled officers about the bombs’ whereabouts. He was arrested near the rooftop stash in early June with another device on him. One of the explosives reportedly contained 600 times the legal limit of consumer firework material.
Gold market cap is ~$20T
Bitcoin market cap is ~$2T
So, gold is worth 10x bitcoin
Gold scarcity (stock-to-flow ratio) is ~60
Bitcoin scarcity is ~120
So, bitcoin is 2x scarcer than gold
IMO bitcoin is at least 10x undervalued