Geopolitical Compass #19
Geopolitical Compass #19
US debt rising. France dislikes its own medicine. Solar realities. Ukraine's ZNPP obsession.
TLDR: BlackRock changes its mind on Bitcoin, Bitcoin - the money of AI, CBDCs leave you at governments mercy, France gets a taste of its own regime destabilization tactics, solar power fantasies, Ukraine desperate for Article 5 and US debt resumes rising, fast!
Bitcoin
2017:
2023:
Bitcoin is an intelligence test, everyone will buy it at the price they deserve.
Larry Fink, head of $10 trillion asset manager Blackrock now thinks it’s just coming for gold, while his knowledge is improving - he still doesn’t understand (or admit that he does publically) that it’s coming for every store of value asset; gold, equities, property, bonds, art.
Will these items still hold value? Of course, but the monetary premium will slowly be drained from them as the world comes to understand the true supremacy Bitcoin offers as a store of value. It is the world’s best asset.
Bitcoin: The Money for Artificial Intelligence
One would think it fairly obvious that the money used by machines paying other machines for automated tasks will be a digital money (therefore not gold) and must be censorship resistant (therefore not government fiat). This leaves us with Bitcoin. Yet this inevitability is far from being priced in at the current value.
Bitcoin is thus the logical currency choice for any AI. It is purely digital, censorship resistant, provably scarce, and its intrinsic value is completely electricity-cost-dependent. There is nothing in existence today that comes close to challenging Bitcoin on these aspects.
CBDC’s
They’re not even hiding it anymore…
They are openly telling you they will control what you can and can’t buy and will place an expiry date on your money.
Those that walk into this willingly without any ‘outside money’ like Bitcoin will leave themselves at the mercy of government overlords.
France
Oops…
To be clear, my issue is not necessarily with cracking down on an intentionally manufactured protest to sow civil unrest and weaken social and governance structures.
My annoyance is at the hypocrisy that Macron in particular and his ilk convey when they are happy to organize and encourage these attacks in other nations (Libya, Syria, Iran, Iraq, Kazakhstan, Belarus, Armenia etc), but behave like petulant children and act like the dictators they accuse others of being when it’s carried out on their own soil.
Solar Power
Next time you hear ESG clowns and government proclaiming the wonders of solar, keep in mind some of the inconvenient facts they don’t trumpet, and ask more questions.
Renewable
Good for the planet
Recyclable
Efficient
Good return on energy invested (EROEI)
Ukraine
If we’re to believe the Cocaine Dwarf, any day now Russia is going to blow up the nuclear power plant. The one they control, on the land they control....... not one of the other three in Ukraine. Yes, just the one they have control over and will get the blame for.
The anglo establishment really do think their peasants are gullible morons..... sadly, more often than not, they're right. Don't believe it when it happens in the coming days...
A plausible reason for such an attack other than “muh…. beCaUSe tHEy’Re rUssIAn” would be great.
Ukraine is claiming Russia has mined the plant with explosives in preparation to blow it up, despite the fact IAEA inspectors have said they have seen nothing of the kind and still remain at the plant today. Incidentally Russia has also put the ZNPP into cold shutdown mode, which means further breaching of the walls by ongoing Ukrainian shelling will pose less danger.
So if Ukraine can’t cause an internal nuclear catastrophe at the plant by shelling it, their next move is to mimic a nuclear incident by using a missile strike to spread nuclear material which will be picked up by sensors and claimed as evidence for a NATO Article 5 move.
You can read about this in more detail over at Black Mountain Analysis:
United States
One month ago the US national debt was locked at $31.4 trillion, then the cap was lifted again (never in doubt). Since then it’s risen by another $1 trillion:
The only way out of the fiscal situation the US has gotten itself into is to inflate away the debt. This means letting inflation run hot for years — long enough to more-than-2x the price of everything, which makes the National Debt 2x easier to pay off (since this debt is owed in nominal terms).
There really is no other way out, it’s just math.
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