james22

Buffett is raising cash to buy Fannie and Freddie!

Let's revisit this in four years.

I think that he's surrounded by enough people who really understand this. You know, people like Bitcoin magazine CEO David Bailey [and] many others who have really spent the time with him. And one of the interesting things is whether he believes in Bitcoin or not is almost a moot point.

If you believe he's learned nothing and the establishment opposition isn't weakened? Delusional.

All roads lead to hyperbitcoinization.

Why do kleptomaniacs have a problem understanding metaphors? Because they take things ... literally.

Do you have anything better to do with your time? Only if you do can the CFA hurt. Otherwise, can only help.

Evaluating a Strategic Bitcoin Reserve for the United States https://cdn.prod.website-files.com/627aa615676bdd1d47ec97d4/6728de9bb63561ee70156bd5_BPI Policy Brief Digital Gold.pdf

My limited view is based on having sent several young Saudis to China for a three year assignment. They know fucked and they all said China was fucked. Oh yeah, and I've read a little History.

Behind the scenes, the French are typically clear-eyed about how Europe is seen by Washington. “It’s not hostility,” quipped one diplomat. “It’s indifference. Sometimes that’s worse.” “Without the United States, Europe is lost,” wrote French analyst Nicolas Tenzer last year. Far more dangerous is the risk that Europe won’t acknowledge that it’s already lost, and that it remains motionless and paralyzed as a result. https://www.politico.eu/article/donald-trump-kamala-harris-jd-vance-tim-waltz-eu-nato-us-elections-weapons/

That the immigrant population poses a very real security threat means Europe will (eventually) do something about it. If they were not, no matter the net drain, it'd be much, much harder to do anything. It'll be messy. And still leaves Europe with a demographic problem, of course.

What is increasingly clear, though, is that the Beijing of today will seemingly not much longer tolerate even the mild, limited capitalism that produced today’s economy. It was never really sustainable in their political context. Capitalism requires failure, change, “creative destruction.” Leaders have to take their hands off the wheel and let bad things happen. We have problems doing that even in the US. We keep bailing out failed banks, for example. What we should do is safeguard only the depositors while letting shareholders and unsecured creditors bear the losses. But that means people who made bad choices have to suffer. Even auto and steel companies. Xi Jinping has no problem letting people suffer, but he won’t let market forces decide who it will be. What if the market decides China needs new leaders? That’s unacceptable. The government will always have at least a thumb on the scale… and maybe a foot. https://www.mauldineconomics.com/frontlinethoughts/broken-china

My Vikings didn't win last weekend. Does that mean they didn't want to? I'm only expecting an experienced Trump will outperform the inexperienced. And that he'll act in his own self-interest. Doesn't seem too hopeful to me. How can hearing he asked: ‘Hey, can bitcoin do anything about the 35 trillion dollar debt?’ suggest anything other than he (for whatever reason) cares? But you believe what you want.

And surrounded by: Elon Musk - entrepreneur, owns bitcoin RFK Jr - owns bitcoin JD Vance - entrepreneur, owns bitcoin Vivek Ramaswamy - entrepreneur, owns bitcoin Tulsi Gabbard - owns bitcoin

He's better prepared. I expect the second term will be significantly more productive. Example (from 1:02:15):

Doesn't matter. He knows others do and knows he'd get great credit for solving the problem. There were limitations around what he could for much of the time and competing priorities once he was free to act. That he didn't free them says nothing about his interest in doing so.

Not that it matters, but I think you give the opposition too little credit. (cf. Fannie Mae/Freddie Mac)

I'm suggesting he'd like to get credit for solving the debt crisis and so would like to believe bitcoin will provide him the magic bullet rather than having to take more difficult options. Since his incentives align, I expect a Trump win will mean good things for bitcoin.