I know it's distorted but I see really a lot of people in European subreddit that despises free speech and democracy. https://www.reddit.com/r/europe/comments/1kplc9e/everything_you_need_to_know_about_european/ Just look at how so many people hate everything that has to do with Russia, per se. At a time where EU is re-arming, having all these people/kids aligned with hate/war, I wouldn't be surprised if some sort of war doesn't brake out somewhere in the Europe/Russia border. This has happened before. The media pre-WW1 demonized the other "side". #europe #politics #culture

There's 100T in bonds, 2T in Bitcoin and 20T in gold. I wouldn't be surprised if by the end of the next 5 years (or 10 years) we have 50T in bonds 20T in Bitcoin and 30T in gold. Even if it's just a result of monetary premium re-focus, i.e bonds might be worth 100T in 2035 but in real purchasing power they're only worth 50T. In other words there might not an actual be a huge capital shift but just the broader market refocusing attention/trust in harder assets. In other words, some people capital will just be left to evaporate. This happened in the Weimar Republic. Bonds did evaporate but it took some years. In the Weimar Republic, the bond market didn’t collapse all at once through mass selling. Instead, people continued to hold onto their marks and government bonds for a long time, trusting that stability would return. At first, people kept believing in bonds and marks — even through 10–20% inflation — hoping the situation was temporary. It wasn't until trust in the currency completely evaporated, after repeated devaluations and uncontrollable inflation, that the real value of those assets vanished. The destruction was gradual at first, then sudden, as confidence drained away and hard assets like gold and land absorbed the fleeing monetary premium. Now, I don't think this will probably happen again in the same way, in such a huge collapse. Most likely we will have a soft reset, and a permanent Bitcoin integration into the current financial system, just bringing harder assets to the current system in many different ways. #bitcoin #macro #economics

What Trump is doing will be replicated by all the countries that will want to be meaningful in the future. Manufacturing base, self-sufficiency, Bitcoin, 21st century financial mechanisms (Bitcoin reserve, potentially Bitcoin bonds). This is the model for the 21st century nation state. The formula is out for the world. In 4 years, they'll conclude they'll need another 4 years of the formula, and in 8 years the world will be educated again. Free trade never worked. It was always an ideology of the elites. Ha-Joon Chang has a great book about it, Kicking Up The Ladder. Free trade only benefits the global elites. The nation state is a good invention, it just needs an upgrade. Self-sufficiency, circular economies, sovereignty is the real wealth. We need to produce the things that we use. We don't need cheap things, we need to control our lives. The US will show the direction. #bitcoin #politics #nationstate #geopolitics