To be a currency, crypto has to change. In the contemporary economic framework, money is defined by its core functions: a medium of exchange, a unit of value, and a store of value. While gold has historically served these roles, it no longer qualifies as money in modern societies. This essay argues that gold isn’t […]
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In a world that’s rapidly evolving, one of the most transformative shifts has been the explosive growth of the global middle class. Over the last 25 years, approximately 500 million people have crossed into this income bracket—earning above $50,000 in today’s dollars. This surge mirrors poignant examples like India’s Interior Minister’s observation from a decade […]
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Summary: The wealthy are constructing fortified bunkers, a silent acknowledgment of systemic vulnerabilities that remain opaque to most. This essay examines the striking similarities between Japan’s speculative bubble of the 1980s and the current U.S. Nasdaq boom, arguing that both are fragile constructs sustained by three critical flaws: unsettled financial obligations, stock-based compensation, and questionable […]
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Spitznagel is, at least in my opinion, the closest thing to a genius we have in the financial world, which is why I heed his warning. To me, the question isn’t whether stocks will drop, but when. To see this, let’s go back to the last two crashes, which I and dozens of others not only […]
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Many years ago, an economist said, (paraphrase, I forgot his name) Mercantilism was an 18th century attempt to wrap an intellectual structure over what was essentially, chaos. Isn’t this what all global macro economists do? Spoiler alert: The economy doesn’t give a ***k about your theory. In fact, all sciences are in the same court. Their superhero skill […]
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Editors note: The satirical style of this essay is intentional. We believe the biggest issue in western politics is the deification of leaders, most of which are given powers they’ve never earned and placed on pedestals they don’t deserve. They’re every bit as bogus as the Oscars. The USSR isn’t simply going away. The EU […]
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Like it or not, this is your marketplace. Spoiler Alert: This post is intentionally satirical. The reason is the difficulty in accurately describing something as bizarre as human “logic.” If I took the edge off, it would come across as academic. But these ideas cannot be found in academia. They’re typically in fringe media and […]
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Spoiler alert: I do not believe in putting politicians on pedestals. If you think national figures are heroes, you should skip this article.) History (predictably) repeats. In 1915, the UK, alongside its allies, launched the Gallipoli Campaign against the Ottoman Empire to prevent a potential alliance between Germany and Russia, thereby opening a new front […]
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(But the owners don’t realize it.) There is nothing we hate more than watching startups fail right out of the gate. In 25 years of watching these “gate crashers” all but a tiny few we knew were going to crash. Why didn’t we stop them? There is no stopping a person who believes he’s got […]
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It’s not hard to see… unless you’re intentionally blind. This is why Artificial Intelligence is so dangerous. “Trotter and Le Bon concluded that the group mind does not think in the strict sense of the word. In place of thoughts, it has impulses, habits, and emotions. In making up its mind, it’s first impulse is […]
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