The roadmap. Always have a plan.

The impact is undeniable. U.S. job openings fell from a peak of 12 million in March 2022 to 7.23 million by August 2025, the lowest since C19. The decline accelerated after AI adoption surged following ChatGPT’s release in late 2022, hitting young workers hardest Employment for ages 22–25 in AI-exposed fields dropped 13%, while entry-level software developer jobs fell nearly 20%. Major tech firms cut tens of thousands of roles in 2023–2025, citing AI-driven restructuring. Despite all this, the S&P 500 climbed more than 50% on AI-fueled efficiency gains and corporate profit growth.

Gold has hit another all-time high due to increased demand during a government shutdown. Gold-backed ETF inflows in September were the largest in 3 years. Gold price rose to $3,890/oz, marking its fifth straight daily gain. Gold has increased by 47% this year, on track for its biggest annual gain in nearly 50 years. A rising Gold price is great for Bitcoin but we are still lagging.

Debt per human on earth, ie every man woman and child is now $43,000 Avg yearly salary on Earth is $1,480. It will all NEVER BE REPAID! Global debt is up 6% year to date and still rising. Developing economies account for around 30% of the total global debt, totaling $101 trillion.

Both Democrats and Republicans remain at an impasse over healthcare funding. Some on the left are advocating for free healthcare access illegals/non-citizens, while many taxpayers are concerned about the already high costs they face for both healthcare and taxes. There’s also an ongoing debate about whether government resources should prioritize medical research or leave more of that work to the private sector. Questions remain around the reliability and interpretation of certain government statistics, which can further complicate public trust. The most visible impact of a shutdown for families is the closure of national parks, which is especially disappointing for children and communities that enjoy these spaces. On the economic side, access to small business loans has tightened significantly—not only due to the shutdown, but also because elevated interest rates have already made borrowing more difficult.

Gold keeps making new ATH - only a matter of time before BTC follows. Now it is time for US Govt to do the same with ₿itcoin.

Boomers wealth is going Boom TLDR: The chart shows Boomers dominating wealth like a monopoly game they won decades ago—leaving younger generations playing catch-up. Details: Boomers’ wealth growth has been explosive, leaving younger generations far behind. Growth Gap: Boomers’ wealth line shoots up, adding $70T since 2000, while Gen X grows slower, and Millennials barely get going after 2010, stuck under $15T. Silent Generation is already fading. Boomers rode the tech boom, cheap housing, and stock gains, while younger gens hit recessions, debt, and inflation. They Own It All: Boomers now hold 52% of U.S. wealth—over half—while Gen X has 26% and Millennials just 9%, despite being bigger in number. Boomers own most stocks and large homes, while younger gens face sky-high housing and education costs. What’s Next: Even with retirements and the “Great Wealth Transfer,” the gap won’t close fast. Millennials and Gen Z face student debt, stagnant wages, and weaker job security. The youth of today need to really focus on wealth building as capital allocators. The early years are critical and the youth have advantage of time... ask any boomer what they would pay to get time back! Source: Invest Answers

@Jeff Booth I took this excerpt out of a Substack posted by Dan Denning with Bonner Private Research. The link is:

Bonner Private Research | Substack

Daily, weekly, and monthly investment research and analysis for individuals from Bill Bonner, Tom Dyson, Dan Denning, and other members of our priv...

Dan and his crew are big time gold bugs. They do recommend clients have a 1% allocation to Bitcoin in their portfolio. Credit-based systems require infinite expansion to avoid collapse. Every dollar of debt is someone else’s asset. In a deflation of financial asset prices–which is what happens when credit stops expanding–the value of those assets either reverts to a long-term mean. Or it crashes (if the asset is backed by cash flows the borrower fails to generate). This point came up in a private presentation I heard this week from Jeff Booth. Jeff made a compelling argument with two main points. The first is that the natural state of free markets is deflation. By that, he meant that if money is sound and markets are free, prices of goods and services will tend to fall over time. This is great for both consumer choice (more stuff and lower prices) and individual freedom. Jeff’s second point, though, was what I mentioned above. Credit based systems (based on paper money) require constant expansion to avoid collapse. This results in either ‘structural’ inflation of 3-4%. Or episodes where the entire price level shifts upward dramatically in a great wave (this happened in 2020 with the huge year-over-year growth in the money supply shifting prices higher by 20%). Long story short, Jeff believes that these two forces—the natural tendency toward deflation in free markets and the requirement for inflation in credit-based systems—are in conflict. Something has to give. They cannot permanently co-exist. If Jeff is right, all assets denominated in fiat/fake money will go to zero. All of them. Anything denominated in the currency of the inflationary regime is at risk. As a consequence, he’s saving and spending in Bitcoin, which he believes to be both sound, secure, and bound by energy limits. It takes a lot of almost religious conviction to take this view. Jeff has also ‘done the research’ and written a book about it. The book is called The Price of Tomorrow: Why Deflation is the Key to an Abundant Future. If I understand Jeff’s argument, it’s that Bitcoin is the current ‘price’ of a future with sound money, in which this fiat regime has failed. What do you think? I’ll be reading more about it this weekend and will have more to say next week. It certainly was a thought-provoking talk. One part that did confuse me, though, is why Bitcoiners always talk about what people need to ‘understand’ or to ‘learn’ about Bitcoin. One of the great virtues of Adam Smith’s definition of free market capitalism is that it doesn’t require book learning or an essay. By acting to improve their own circumstances, and with the help of the division of labor and free trade, individuals improve their own lives AND the lives of complete strangers in Adam Smith’s world. People become a ‘node’ on a freedom network simply by finding out what they’re good at and then providing that service to others. It’s virtuous AND lucrative and mutually beneficial. It’s a win-win deal for everyone. And it doesn’t require anyone to ‘learn’ anything. But maybe I’m missing something. I’ll take a deeper dive into the book this weekend and get back to you next week. Feel free to educate or correct me in the comments below. Until next week, Dan