#irrationalebullience If you want to understand the nature of this asset bubble and the epic capital mis-allocation at it’s heart, look no further than rates. CB’s only tool to push an uber-levered financial system that is highly interconnected through derivatives
(1/N)

away from it’s natural convergence path towards collapse is to create opposing forces to push it towards divergence. Meaning: force, through financial repression, market participants to rely on price continuation, in a way that makes it self-fulfilling.
(2/N)

The tool used is rates as it is the basis off of which all other financial assets are priced. Today any buyer of $UST across the curve up to 30Y is guaranteed a loss given reals are negative throughout. So the only hope of escaping this GUARANTEED loss
(3/N)

is to angle for capital gains, i.e a continuous move downwards in real rates to push for some capital gains in real terms. The longer the financial repression lasts, the further investors are pushed out the maturity and credit risk curves.
(4/N)

Here are examples to understand what exactly is happening. If an investors buys a 5 Y UST he is guaranteed to lose almost 2% in real terms, so making that up in capital gains is much harder given the v short duration.
(5/N)

Friday Alpha!

Let's Talk $LRC

1/ #ETH fees are painful these days. Anyone who interacts with #DeFi has tears in their eyes when approving a transaction.

2/ Thankfully there are projects like @loopringorg that build the 2nd layer atop of which we can trade our magical tokens in a decentralized manner.

They called it elephantiasis
A disease said to be caused by a strange mosquito
I was at the Bible College at the time
I had been sent for my Teaching Practice at a church located at Ogudu Ori-Oke
The pastor of this church was a gentleman
He and his wife were chartered accountants

and they were blessed
I was a personal assistant to another pastor and the coordinator of the Bible College had to practically beg my boss to allow me to observe the Teaching Practice at another church (He had insisted I do it with him and I would have spent the time carrying his

Bible and practicing nothing)
When I reported for duty, I was assigned the duty of follow up and evangelism
My primary assignment was to liaise with the follow-up lady and visit all the members who have not been to that church in weeks
I was also given the altar to minister one

Sunday a month (sermon) and other Sundays in various capacities like leading the church in prayer, taking testimonies, and closing prayer
We met this brother on the way to a member's house early one Sunday morning
He was sitting outside a building, wearing yellow slippers and

looking hopeless
We had walked past him but my spirit reached out to me, so I asked the sister to turn around with me so that we can minister to this brother
He was happy we came around
He said he had spent everything he had on the leg and he was desperate enough to accept any

It's OUT! My latest #Brexit Briefing for @FinancialTimes - examining @BorisJohnson
"buy now, pay later" Northern Ireland Protocol, why the EU-UK trust deficit is killing it, how that can be restored - because it needs to work. /1

@BorisJohnson The danger here is that lingering animus over the opportunistic nature Johnson's Faustian bargain - dividing his Kingdom in order to 'get #Brexit done' and win an 80-seat majority - is clouding judgement on both sides of the Channel /2

@BorisJohnson The facts of the Protocol are no less true for Johnson's constant denial of them - that there would be checks, that there really is a trade border that now prevents plants and pets from travelling freely from Bedford to Ballymena as M.Gove reminds us. But these are other facts/3

@BorisJohnson Firstly, NI remains part of UK, even if it is now has EU customs rules.

Secondly, NI remains politically divided and fragile; the Good Friday Agreement is a constant work in progress.

Thirdly, both the EU and the UK agreed to this unsatisfactory arrangement jointly. /4

@BorisJohnson Fourthly, therefore, they have a joint responsibility to make it work because

Fifthly - and most importantly — there is no alternative to it. /5

Hello friends, I am back! I have been doing a ton of financial research and am very disturbed by what I have learned.

Please enjoy a long (irresponsibly LONG) story about central banking, manufactured crises, George Soros, and the Great Reset.

This thred will be much longer and more dry than my usual, pls bear with me. This one's legit important. The first portion will reference works by Dr. Richard Werner, and the latter George Soros.

Note my views are not indicative of those of people quoted. This post does not constitute investment counsel.

To understand current financial conditions you bare minimum have to go back to WWII. Bretton Woods has just been signed, establishing the IMF and World Bank, and the USD as standard for international settlement.

But we're not talking about US history (yet), we have to look at Japan. Unlike Germany, which had it's economy stripped down and sold off by the victorious Allies, Japan's system remained remarkably intact.

Multiple friends have been reaching out lately, asking some version of "how did people get radicalized to such an extent?" and, more importantly, "why not us? why was I immune." As someone who's extremism in person, pretty much my whole life, here are some thoughts:

These are EXACTLY the questions we should all be asking ourselves right now. Studies have shown that no 'type' of person is immune to radicalization or falling prey to cults or cult-think. There's no such thing as being "too smart" for that.

So, for starters, many of us were just in the right place and the right time, and didn't get radicalized. That is an important realization. It's important because as we begin to try to de-radicalize our friends, family and "good people" who fell prey to white supremacist thought

We need to start with compassion, or they will just shut down. Understanding deeply that it can happen to anyone is a big part of that. Now let's talk those who were primed for it, more likely to fall into conspiracy thinking and the Q cult.

In this case, those white people who see the movement towards equality for everyone as white people losing (which is true in a way, we have to give back much of the privilege we obtained from those who took it by force or manipulation) were much more susceptible to the rhetoric.

'Stay at home' for #LekkiMassacre protest is not a sign of weakness. The likes of Odanz -or is it Odense? - have called attention to this and they are not pacifists. They are strategist-realists.
Activism is the art of war. Pounce when the enemy is at its weakest [Thread]

As a young activist in 1991 and NANS President, I knew activism was and still the art of war; and also knew that in war you pounce when your enemy is at its weakest.

What I didn't realize is the strength of the "pouncer"

NANS Senate - the highest organ of NANS- met in Ilorin in March 1991 and issued 13 points 30-day ultimatum to IBB, chief of which was to scrap the political transition programme, resign and handover to the Government of National Unity.

As NANS Chief I was saddled with the duty of moving around Nigeria mobilizing for a showdown with the junta beginning from 1 May 1991. Negotiations between NANS and FGN led by Prof Babs Fafunwa and Alex Akinyele broke down before the expiration of ultimatum on 30 April 1991

At the joint press conference addressed by Fafunwa and Akinyele on 27 April 1991, Akinyele threatened that "students leaders will be picked like snails" and asked parents to advise their wards. Traditional rulers joined in the blackmail.

1. “Dr Tomas Ryan : Sociopath Or Psychopath : Or Both ?”

Answer = Both. Shortest Thread Ever. Only joking. Let’s jump in and try to see what makes Dr Tomas Ryan tick 🧵 1/21

2. Dr Tomas Ryan is a Neuroscientist at Trinity College Dublin. He has appeared on Claire Byrne Live, Prime Time & The Tonight Show in addition to radio appearances. He calls himself a Scholar on his Twitter bio.

3. He is part of the Zero Covid Cult Crew (ZCCC) out of that hallowed institute of learning, Trinity College Dublin. Other contemporaries of his in the merry little band are Luke O Neill, Kingston Mills & Aoife McLysaght.

4. Kingston Mills & Aoife McLysaght are staunch proponents of the Zero Covid strategy. Mills is an agenda contributor to the World Economic Forum and recently wrote an article for them entitled "Is reaching zero Covid-19

5. Did I forget to mention that TCD got funding from the Bill & Melinda Gates foundation for Vaccine development to the tune of $230,000. Tomas was also sponsored by Wellcome Trust Sanger Institute to complete his Phd in Cambridge. Let's just say he has connections to Big Pharma

Why did this young black man die after being arrested?

Mohamud Hassan was arrested, detained overnight, released from police custody without charge. The next day he was dead.

Support his family to help them find out why

#Justice4Mohamud

2/ In America, you're 5 1/2 times more likely to go to prison if you're black
In Wales, you're 6 1/2 more likely to go to prison if you're black

Mohamud's family are fighting for justice.
Watch the video & share it with the hashtag #Justice4MohamudHassan

3/ Mohamud's family are fighting for justice. You can support them by donating to their crowd justice fund to help them pay for legal representation and independent investigators. #Justice4MohamudHassan

4/ #Justice4Mohamud

On 09/01/21, Mohamud Mohamed Hassan, a healthy young black man, died shortly after his release from police custody with severe injuries. We want to find out why he died, and take appropriate action.

5/ How did our beloved Mohamud die?
Mohamud Mohamed Hassan, 24, was arrested by South Wales Police at his home on the evening of Friday 8th January 2021 for a breach of the

It’s Friday and you’ve had the most difficult week of work! All you can think about is loading up @GhostRecon #Breakpoint and playing some PvP to tame the beast! You get in the PvP lobby and hit search.... 1 minute, 2 minutes, 3 minutes go by with no games found. (1/10)

Finally at 12 long minutes of searching you find a game and you’re excited to have a chance to release your pent up aggression on some other players. Lets go! You load into the match, btw it only took an additional 2 minutes to load after finding the match, (2/11)

and find out your teammates are 17/18 kilometers off map? Invisible! What? How!? You also find out this has been going on since June 2020 and it’s February 2021. You saw, on another forum, (3/11)

you need to take steps to go to the @Xbox home screen and return to the Game at the very beginning of the match to “fix” this issue but you didn't do it in time. Now you’re running the match and you get killed by someone right in front of you but you can’t see them! (4/11)

Where are they? On that’s right! They’re invisible because the opposite team was also 17 kilometers away making their players invisible too! All because you couldn’t take some awkward, unwarranted steps, to try and correct the buggy game, you’re just losing the matches. (5/11)

How I created a six figure business by only writing tweets in a third world country.

A thread on how a razor and $50 changed my life:

I'm by no means special, I'm actually stubborn as fuck.

English isn't my first language.

For months I just lurked Twitter not doing anything.

It was not until an opportunity literally fell in my lap that I decided to take it.

But here's how I did it (and how you can too):

The funniest part of the story is how I did literally nothing for months on Twitter.

Just write, write, write.

Meanwhile, I saw everyone winning.

"I made $100k last year!"

"I made $50k last month!"

"This tweet made me $1,000!"

I started asking questions:

"How the fuck do you make $50k in a month?"

"Clients? How do you get your first client?"

"What would my clients even pay for?"

Then I kinda put it aside and kept writing tweets.

100 followers, then 1k, then 2k then 10k and it all went pretty well

One problem tho:

I loved it.

I really did. Writing is so fucking dope to me.

But I haven't make a single cent from it.

Zero.

"Follow your passion" seemed like bullshit, until it hit me:

1. TLDR: What will it take for Pakistan to pressure the Taliban into a ceasefire? Pressure, concessions, clear priorities, & ultimately cooperation from Pakistan. A very tall order.

2. Many Afghanistan policy proposals require some action by Pakistan. But as usual there is a disconnect where Washington believes it can demand Pakistan "do more" without providing much in return and Islamabad thinks half-measures will suffice. It is a destructive dance.

3. Pakistan helped bring the Taliban to the negotiating table in Doha but stopped there & instead opted to tacitly support the Taliban’s bargaining position to enter into a ceasefire only after further concessions from Kabul & US troops leave.

4. The Taliban are overplaying their hand by delaying talks & escalating violence, while Pakistan is underplaying its hand by refusing to add pressure.

5. Why won’t Pakistan further pressure the Taliban?
- What’s in it for me? (sensitive to "do more")
- Less influence over current TB leadership.
- Scared of blowback from sectarian groups, TTP (so they say).
- Some sympathy for group.

As it's yet again been one of those light news weeks for #Bitcoin, let's get down to brass tacks. Bitcoin is now the 6th... largest... currency in the world. ✊ It's 7th if you include gold. This is quarterly update #11.

2/ For 12 years the world's been trying to understand #Bitcoin, forget Bitcoin, legitimize Bitcoin, criticize Bitcoin, love Bitcoin, hate Bitcoin. Bitcoin is a protocol, it does what it does. But if you want to speak of its value as money, you gotta understand the monetary base.

3/ What follows isn't a lesson in stimulus or bailouts, whatever the world faces. It's an attempt at painting the monetary landscape around the globe. This is an exercise in perspective. The dollars, euros, and yen we're all familiar with, collectively, are worth $27 trillion.

4/ As many know, the response from governments worldwide to Covid-19 has been drastic, so expect big moves in the data.

5/ Gold & silver is base money of the past. Government fiat is base money today. It comprises both physical cash, *and* a digital cash component. Bitcoin may be base money of the future. Before we show the charts, it's important to clarify exactly what basic money is.

Is it possible to fight against totalitarian statists without ever compromising conservative "principles?" Is it better to play "fair," and constantly lose? Can you grapple with monsters without becoming a monster? That's the question at the heart of the schism on the Right.

THIS IS A CATCHY & ATTENTION-GRABBING TITLE

Today, the Province will likely announce what zone of the reopening framework we'll shift into as of Tuesday. Whatever is announced, though, doesn't change what we need to do. Why?

Kindly read these 14 tweets & we'll tell you. (1/14)

Fun fact: COVID-19 does not follow us on Twitter. COVID doesn't know, or particularly care, if we're in the Red or Orange zone.

The behaviours of the virus do not depend on the current ‘zone’ of public health restrictions. And, to be perfectly candid, neither should ours. (2/14)

Once upon a time we used to say #WeAreInThisTogether in our messaging. Here's the thing: we are, but we aren't. Not everyone is experiencing this pandemic the same.

Nurses, doctors, paramedics & healthcare workers have experienced things much differently than most of us. (3/14)

Some people have been home & isolated for months, while others haven't been able to stop working.

Business owners & hospitality workers have been on a rollercoaster of openings & closures.

Students, parents, teachers & school staff have had to adapt to going from online (4/14)

to in-person learning (and back again) numerous times.
And this virus has disproportionately affected some groups more than others.

But there's the thing: while our experiences of this pandemic haven't been shared, we do have a shared goal.

And we can reach it together. (5/14)

The ongoing Lincoln Project story reminds me that I haven't met anyone in politics yet who really understands how journalism works and how to handle a bad story. The Winning FormulaTM is also the right thing to do, but it involves a lot of humility and relinquishing some control.

First, don't lie to reporters. Ever. Even if you fool one, another one will find you out. And there are a lot of people who naively think they will fool ALL the reporters. This is just arrogance.

Don't try to intimidate people you suspect might be sources. It gives them more of an incentive to be a source, and it usually has the opposite of your intended effect: it encourages other people to talk to reporters.

If you know something is going to break, tell the story yourself, truthfully. There's a line from some Chris Matthews book that is actually applicable (and he did not do): hang a lantern on your problems.

Don't get defensive. It makes you sound like you don't *really* think you did anything wrong.