Today’s Nuggets
Scotty Pippen Talks to Satoshi
SEC Director of Enforcement Steps Down
Alarming FIAT Debasement Since 2000
Nonstop Downward Revisions
Gold’s Relentless Rally
DXY Breaking Down is Bullish Risk
Steepening of the Curve has Begun
Macro and War Nerves Persist
Somebody is making claims to be talking to Satoshi's ghost, which we will unpack in this story…
In addition, I will show you the most alarming debt bomb data you have ever seen and debasement data that will alarm you and make everybody want to buy more Bitcoin—also, some terrible statistics around the fact that 17% of Americans are drowning.
We have gone from fear to neutral back to fear, now down to 37.
The neutral from last week was very short-lived and now the world is afraid again.
Remember, 26 is a good time to run into a burning building!
Franklin Templeton, a top asset manager, is a firm embracing the crypto revolution.
They submitted a proposal to the SEC to build a combo ETF of Bitcoin and Ethereum. This would be the first ETF to combine Bitcoin and ETH in a single fund, pending approval.
To be honest, I do not see the purpose of having a mixed-asset ETF.
I would like whatever Scottie Pippen is drinking - he recently stated that the Uptober will happen.
I think this is hilarious and cute, so shout out to Scottie.
The SEC's Director of Enforcement, Gerber Graval, is stepping down.
It is good to see him packing his bags. I hope this is not the last bag packing, as Gensler will hopefully be doing the same very soon.
The federal debt exploded on the first day of the new fiscal year, jumping $204 billion to a new record of $35.669 trillion. The U.S. just breached $33 trillion a few months ago.
The Treasury also had to draw down its cash balance by $72 billion. This is over $275 billion in the red on only the first day of the fiscal year, which begins October 1st. The total U.S. debt has exploded to $35.7 trillion, up $345 billion in three days or over a quarter of Bitcoin's market cap.
All this money is going to places like Ukraine and Israel. Even illegal immigrants are getting $9,000. Meanwhile, the poor people in North Carolina are getting $750.
It is very bizarre how money is allocated. All of this will translate directly into
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