Forwarded from Walter Bloomberg
POWELL: FED PROJECTIONS ARE FOR INFLATION TO MOVE UP BECAUSE OF TARIFFS
(@WalterBloomberg)
(@WalterBloomberg)
👍2
Forwarded from Walter Bloomberg
POWELL: SIGNIFICANT MAJORITY OF POLICYMAKERS FEELS WILL BE APPROPRIATE TO REDUCE RATES LATER THIS YEAR
(@WalterBloomberg)
(@WalterBloomberg)
Forwarded from Walter Bloomberg
POWELL: REASON WE ARE NOT CUTTING RATES IS THAT FORECASTS IN AND OUT OF FED EXPECT MEANINGFUL INCREASE IN INFLATION THIS YEAR
(@WalterBloomberg)
(@WalterBloomberg)
Crypto Mumbles
https://paulgraham.com/cities.html
reminds me of naval talking about how where you live is extremely important
probably one of the biggest decisions in life that many choose to default
similar points
probably one of the biggest decisions in life that many choose to default
similar points
Forwarded from Modo Capital
Oswald Spengler argues that civilizations are organic; they rise, peak, and decay. The final stage is marked by technocratic control, spiritual emptiness, and the death of creativity. In his schema, the prophetic, mythic, and artistic aspects of culture decline, and are later reawakened only through collapse.
I kind of agree with this. As throughout history, prophets have not emerged from comfort or order, but from chaos. Mass uncertainty, institutional collapse, and existential dread create the psychic conditions necessary for the rise of prophetic figures.
A perfect example of this is the Munster rebellion of 1534. Martin Luther’s translation of the Bible into German (1522) broke the Catholic Church’s monopoly on religious truth (not many people could read Latin before this, therefore were completely reliant on the Catholic Church and elite classes to explain what god wanted from them). Suddenly, ordinary people could read the bible themselves. This lead to a collapse in belief in the Catholic Church as ordinary people realised that what the Bible was preaching was completely different to what they had been lead to believe. Much like the internet today, the printing press during this period accelerated a mass shift in awareness. Leaflets, pamphlets, and cheap bibles enabled a memetic explosion of sects and visions. There was no longer the Church's “narrative.” Just hundreds, all competing.
The Anabaptists, led by charismatic figures like Jan Matthys and John of Leiden, emerged claiming divine revelation. They took over Münster and declared it the “New Jerusalem,” instituting a radical theocracy with polygamy, communal property, and apocalyptic eschatology.
The established political-religious order panicked. The Prince-Bishop, backed by both Protestant and Catholic elites, laid siege to the city. After brutal starvation and warfare, the rebellion was crushed, and the prophets were executed and displayed in iron cages, But the seed had already grown, and the Catholic Church never had the same monopoly again, with the rise of countless new Christian sects who had no allegiance to the Catholic Church,
(see my previous link of a podcast episode called "Prophets of Doom").
In situations when traditional structures lose their grip, people become hungry not just for survival, but for meaning. They look for order in disorder, a story to explain the suffering, and a leader who can promise something beyond the ruins. People like Jan Matthys were almost purpose built for these scenarios.
Coming back to the current day, i think that over the next decade, trust in institutions will completely vanish. Climate crises and inflation will accelerate. As social media becomes more effective and addictive, instead of enlightening us, it will increasingly disorients us.
Against this backdrop, new prophets will arise, as chaos is the fertile seed for cults.
Millennials and zoomers, born into debt and spiritual vacancy, will become particularly susceptible to these new prophets. Deprived of traditional community or transcendence, many will find purpose in radical ideologies.
A few potential examples;
Satoshi’s Bitcoin will not merely a financial instrument, it will become noscripture (listen to any of Saylor's recent interviews and you will find some seeds for this). The whitepaper will become gospel, the code will become law. Converts will often arrive through crisis like hyperinflation, economic collapse, or loss of faith in fiat institutions, and devotees will await the next “halving” like a sacred holiday.
Similarly, Musk’s vision of Mars colonization operates as a kind of futurist eschatology. His followers don’t just admire him; they believe in him. He may end up representing escape from Earth’s decay—both literally and symbolically.
IMO as globalism continues to unravel, and institutions fail to address the mounting crises of our time, it is unlikely that people will respond by becoming more rational. Quite the opposite: they will become more mythic.
I kind of agree with this. As throughout history, prophets have not emerged from comfort or order, but from chaos. Mass uncertainty, institutional collapse, and existential dread create the psychic conditions necessary for the rise of prophetic figures.
A perfect example of this is the Munster rebellion of 1534. Martin Luther’s translation of the Bible into German (1522) broke the Catholic Church’s monopoly on religious truth (not many people could read Latin before this, therefore were completely reliant on the Catholic Church and elite classes to explain what god wanted from them). Suddenly, ordinary people could read the bible themselves. This lead to a collapse in belief in the Catholic Church as ordinary people realised that what the Bible was preaching was completely different to what they had been lead to believe. Much like the internet today, the printing press during this period accelerated a mass shift in awareness. Leaflets, pamphlets, and cheap bibles enabled a memetic explosion of sects and visions. There was no longer the Church's “narrative.” Just hundreds, all competing.
The Anabaptists, led by charismatic figures like Jan Matthys and John of Leiden, emerged claiming divine revelation. They took over Münster and declared it the “New Jerusalem,” instituting a radical theocracy with polygamy, communal property, and apocalyptic eschatology.
The established political-religious order panicked. The Prince-Bishop, backed by both Protestant and Catholic elites, laid siege to the city. After brutal starvation and warfare, the rebellion was crushed, and the prophets were executed and displayed in iron cages, But the seed had already grown, and the Catholic Church never had the same monopoly again, with the rise of countless new Christian sects who had no allegiance to the Catholic Church,
(see my previous link of a podcast episode called "Prophets of Doom").
In situations when traditional structures lose their grip, people become hungry not just for survival, but for meaning. They look for order in disorder, a story to explain the suffering, and a leader who can promise something beyond the ruins. People like Jan Matthys were almost purpose built for these scenarios.
Coming back to the current day, i think that over the next decade, trust in institutions will completely vanish. Climate crises and inflation will accelerate. As social media becomes more effective and addictive, instead of enlightening us, it will increasingly disorients us.
Against this backdrop, new prophets will arise, as chaos is the fertile seed for cults.
Millennials and zoomers, born into debt and spiritual vacancy, will become particularly susceptible to these new prophets. Deprived of traditional community or transcendence, many will find purpose in radical ideologies.
A few potential examples;
Satoshi’s Bitcoin will not merely a financial instrument, it will become noscripture (listen to any of Saylor's recent interviews and you will find some seeds for this). The whitepaper will become gospel, the code will become law. Converts will often arrive through crisis like hyperinflation, economic collapse, or loss of faith in fiat institutions, and devotees will await the next “halving” like a sacred holiday.
Similarly, Musk’s vision of Mars colonization operates as a kind of futurist eschatology. His followers don’t just admire him; they believe in him. He may end up representing escape from Earth’s decay—both literally and symbolically.
IMO as globalism continues to unravel, and institutions fail to address the mounting crises of our time, it is unlikely that people will respond by becoming more rational. Quite the opposite: they will become more mythic.
👍8
Forwarded from Frens Market Feeds
Exclusive: The Pumpfun token auction and listing, originally scheduled for June 25, has been postponed again and is now expected to take place in mid-July.
Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year, the event has been delayed multiple times.
The Pumpfun token auction is estimated to be valued at $4 billion. Additionally, the Pumpfun team is actively selling token allocations to various cryptocurrency funds.
Sources familiar with the matter disclosed that since Pumpfun began planning to issue and auction tokens late last year, the event has been delayed multiple times.
The Pumpfun token auction is estimated to be valued at $4 billion. Additionally, the Pumpfun team is actively selling token allocations to various cryptocurrency funds.
Forwarded from aggrnews
PARADIGM TO BACK KALSHI IN $100M FUNDING ROUND AT OVER $1B VALUATION: BBG
Forwarded from The Straits Times
The US dollar has hit fresh lows amid a report that President Trump is considering naming the next Federal Reserve chief early.
The USD was at around 1.276 per Singdollar this morning and has weakened 6.5% against the Singdollar so far this year. https://str.sg/o2mCs
The USD was at around 1.276 per Singdollar this morning and has weakened 6.5% against the Singdollar so far this year. https://str.sg/o2mCs
Forwarded from infinityhedge
DXY DOLLAR INDEX FALLS TO 3-YEAR LOW, DOWN 11% YTD