Is Bitcoin Money? Let’s Test It…
Well, here we are… Back in January 2023, I sent out a dispatch to imy Field Notes readers asserting that the cryptocurrency market had seen its lows for the bear market and the move from that point would be higher. Back then, I specifically called out three crypto coins: bitcoin, which was flirting with $23,000; […]
The Dollar’s Unwinnable Fight
I wanna know when the fighting’s gonna start. That’s when the wealth accumulation begins. I’m referencing here the overly deployed quote attributed to Gandhi: First they ignore you.Then they laugh at you.Then they fight you.Then you win. You can see that the winning begins just after the fighting. We’ve already passed the first stage in […]
The Real Crypto Scammers…
Rare is the thing in this world that can be pronounced with absolute certainty as nonsense. Drivel. Bilge. Claptrap. But there are a few such things. And of one of them, we can be sure… To be straight-up with you, I stole those first three paragraphs. Copped ‘em right off the page… well, right off […]
F@*K Black Swans. It’s the White Ones You Need to Worry About!
The Black Swan. The unexpected, unforeseeable event that financial markets and society fear… something so rare that nobody thinks it’s possible—but it lands nevertheless and radically upends the status quo… COVID-19—that’s a pretty good example. Though there were several people who’d been warning of a global pandemic for years. Or America’s great housing crash in […]
$100,000 Per Year Flipping Burgers?
California Rep. Barbara Lee wants us to “do the math.” So, Dear Reader, let’s all break out our calculators… Rep. Lee, who represents Oakland, up in Northern California, sparred with other members of Congress earlier this month over how high to raise the federal minimum wage. Right now, that wage is set at $7.25 per […]
The Real Dumbasses of D.C.
The question I have is this: Who, precisely, are the adults? If you missed it, Fed Chairman Jerome Powell recently told 60 Minutes that, “In the long run, the US is on an unsustainable fiscal path,” adding that it’s past time for an “adult conversation” about America’s extreme levels of debt. Two thoughts I have […]
Why Do Central Banks Keep Buying Gold?
He who dies with the most toys wins. – 1990s bumper sticker Ah, bumper-sticker wisdom. It’s a lot like those posters at Successories (still a store, right…?) assuring you that the slowest zebra only needs to outrun the fastest lion. Or mongoose. Or something. Still, a good bumper sticker, at its core, does make you […]
Test, Test, Test: Free Money Here!
“Old dogs, new tricks.” Our theme today. I’ve been thinking about this for a few weeks now. And I realized old dogs that learn new tricks can find bones buried in places they’d never have thought to look… Growing older is easy. Comes naturally. Growing wiser? That’s entirely dependent on having an open mind and […]
Land of the Indebted, Home to the Coming Recession
This is one of those “I told ya so” dispatches. To be clear, though, this isn’t to pat myself on the back. Or to rub salt in a wound. Instead, today’s words are a warning that all I’ve been writing to you about over the last many, many months is beginning to manifest—even as Fed […]
At 1 Million TPS, Solana Will Be What ETH Dreamed to Be: Dominant
Today’s dispatch starts with a statistic most people won’t know or care about. But it’s a number that will mean something to your life soon enough. That statistic: 1 million transactions per second. That’s the speed at which the Solana blockchain will be operating in the next couple of years. At that speed, Solana will […]