Looks like Micron is ready to take a tumble. Classic double top and it's headed for a retest of the July low of 737. Second top was lower than the first as well so Micron's only hope is the even more classic bubble pattern of drop ~30%, go sideways for a year, then capitulate. https://t.co/J4rwaCwUhE

Remember. If you borrow a million and can't pay it back, you have a problem. If you borrow a billion and can't pay it back, the bank has a problem. If you borrow a trillion and can't pay it back, the economy has a problem. I'll keep betting on bailouts. Cheap metal = BTFD.

Yknow. In hindsight. People moving their entire finances en-masse into an system with irreversible transactions right before AI got trained to be hackerman might not've been the smartest of moves. My position of hard metal in a vault continues to be unaffected.

As i've said before, the bankrupt governments across the planet are going to look for more tax revenue where ever they can find it, however they can justify it, because the pain is going to come out of the populace one way or another. There will be very few places to hide.

Super easy! Under the "money as debt" system, money is lent, not printed. Loans carry an interest rate, which has to be paid back, but isn't lent into existence at the same time. Thus there is always more debt then money, and it can only get worse, until hyperinflation kills it.

Anybody notice BTW that the gap between M2 and M1 keeps increasing? M1 used to be a measure of how much cash there actually was until the Fed changed it in order to hide how fucked the US economy really is. All market growth since early 2022 is leverage expansion. https://t.co/3qCjyWSYRi

It's a nice start, with a classic double top, but honestly wake me up when we're back to "liberation day" barely 1.5 years ago. The high in 2022 was 16.2K lol. The high in January 2020 was 9.5K. The system cannot afford a return to either over any kind of timeframe. https://t.co/vquet9xuvI

Intel getting hit hard today. Heck of a chart. https://t.co/RbOZOTzfXD

They ran out of greater fools that didn't want to throw their liquidity at unique pictures "on the Blockchain" but still got got by randomly generated pictures. I don't know why everyone is trying to make money out of what used to be the stereotype of "the starving artist".

Well obviously if the miners have trouble financing their concessions the people selling shovels are about to run out of business. On the plus side game hardware should come back in 2-3 years with a vengeance as semiconductor companies will be desperate for business.