france plans a record 340 billion euros of new debt next year. interest is already their biggest budget expense. the "safe core" of the eurozone is paying crisis era spreads. fiat runs on trust and the trust is getting expensive.
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oil just jumped to $111.70, up almost 2% today. remember that chart with wholesale prices spiking since spring. this is exactly the kind of move that keeps feeding that spike. energy costs ripple through everything eventually.
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debt keeps climbing, m2 keeps climbing, bitcoin supply is basically done climbing. one of these three things has an ending. guess which one everyone argues about the most.
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1951 to 1996 real pay tripled. 1996 to 2024 it grew 13.9% total in 28 years. 2021 to 2023 pay actually fell. thats not a slowdown thats the engine stopping entirely while prices kept climbing anyway. and the under 25s are the ones eating it hardest.
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thinking about getting old and the stories wed have if we actually had the time and energy to live them instead of spending both chasing a paycheck that keeps losing value. thats part of why i stack what i stack.
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Before i leave this Life i want few regrets. thats the whole goal. everything else, the stacking, the ignoring the noise, its just details underneath that one thing.
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not endorsing astrology here. just noting that "nobody felt it change" is apparently how every slow multi century shift goes, zodiac or currency. make of that what you will.
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seven guys spent their careers telling kings not to ruin the currency. kings ruined it anyway, every single time. bitcoin might be the first version of money that doesnt let them.
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$85,962 today. still 36% off fair value. sentiment at 73. this range has basically held steady for two weeks now, im still buying every paycheck regardless of what the dial says.
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