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QUOTE: โ€œ๐˜œ๐˜ด๐˜ช๐˜ฏ๐˜จ ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ณ๐˜ฆ๐˜ฑ๐˜ณ๐˜ฆ๐˜ด๐˜ด๐˜ช๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ฆ๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ญ ๐˜Ž๐˜‹๐˜— ๐˜จ๐˜ณ๐˜ฐ๐˜ธ๐˜ต๐˜ฉ ๐˜ช๐˜ด ๐˜ฉ๐˜ช๐˜จ๐˜ฉ๐˜ฆ๐˜ณ ๐˜ต๐˜ฉ๐˜ข๐˜ฏ ๐˜ฃ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜บ๐˜ช๐˜ฆ๐˜ญ๐˜ฅ๐˜ด โ€ฆ ๐˜๐˜ฏ๐˜ง๐˜ญ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฃ๐˜ฆ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ๐˜ด ๐˜ด๐˜ต๐˜ช๐˜ค๐˜ฌ๐˜บ ๐˜ฃ๐˜ฆ๐˜ค๐˜ข๐˜ถ๐˜ด๐˜ฆ ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ญ ๐˜Ž๐˜‹๐˜— ๐˜จ๐˜ณ๐˜ฐ๐˜ธ๐˜ต๐˜ฉ > ๐˜จ๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ฏ๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ฃ๐˜ฐ๐˜ฏ๐˜ฅ ๐˜บ๐˜ช๐˜ฆ๐˜ญ๐˜ฅ๐˜ด โ€ฆ ๐˜๐˜ง/๐˜ธ๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฎ๐˜ข๐˜ณ๐˜ฌ๐˜ฆ๐˜ต [refuses financial repression] ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜œ๐˜š ๐˜›๐˜ณ๐˜ฆ๐˜ข๐˜ด๐˜ถ๐˜ณ๐˜ช๐˜ฆ๐˜ด, ๐˜ต๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ซ๐˜ช๐˜จ ๐˜ธ๐˜ช๐˜ญ๐˜ญ ๐˜ฃ๐˜ฆ ๐˜ถ๐˜ฑ. ๐˜›๐˜ฉ๐˜ฆ ๐˜๐˜ฆ๐˜ฅ ๐˜ฎ๐˜ถ๐˜ด๐˜ต ๐˜ต๐˜ฉ๐˜ฆ๐˜ฏ ๐˜ฆ๐˜ช๐˜ต๐˜ฉ๐˜ฆ๐˜ณ ๐˜ง๐˜ฐ๐˜ณ๐˜ฃ๐˜ช๐˜ฅ ๐˜ฃ๐˜ข๐˜ฏ๐˜ฌ๐˜ด ๐˜ง๐˜ณ๐˜ฐ๐˜ฎ ๐˜ข๐˜ญ๐˜ญ๐˜ฐ๐˜ธ๐˜ช๐˜ฏ๐˜จ ๐˜ต๐˜ณ๐˜ข๐˜ฏ๐˜ด๐˜ง๐˜ฆ๐˜ณ๐˜ด ๐˜ต๐˜ฐ ๐˜ฅ๐˜ช๐˜จ๐˜ช๐˜ต๐˜ข๐˜ญ ๐˜ง๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ค๐˜ฉ๐˜ด ๐˜ฐ๐˜ง๐˜ง๐˜ฆ๐˜ณ๐˜ช๐˜ฏ๐˜จ ๐˜ฑ๐˜ฉ๐˜บ๐˜ด๐˜ช๐˜ค๐˜ข๐˜ญ ๐˜ค๐˜ณ๐˜บ๐˜ฑ๐˜ต๐˜ฐ๐˜ค๐˜ถ๐˜ณ๐˜ณ๐˜ฆ๐˜ฏ๐˜ค๐˜ช๐˜ฆ๐˜ด, ๐˜ฐ๐˜ณ ๐˜ช๐˜ต ๐˜ฎ๐˜ถ๐˜ด๐˜ต ๐˜ณ๐˜ฆ๐˜ด๐˜ต๐˜ข๐˜ณ๐˜ต ๐˜ฒ๐˜ถ๐˜ข๐˜ฏ๐˜ต๐˜ช๐˜ต๐˜ข๐˜ต๐˜ช๐˜ท๐˜ฆ ๐˜ฆ๐˜ข๐˜ด๐˜ช๐˜ฏ๐˜จ (๐˜ข๐˜ฌ๐˜ข ๐˜ฎ๐˜ฐ๐˜ฏ๐˜ฆ๐˜บ ๐˜ฑ๐˜ณ๐˜ช๐˜ฏ๐˜ต๐˜ช๐˜ฏ๐˜จ) ๐˜ข๐˜ฏ๐˜ฅ ๐˜ฃ๐˜ถ๐˜บ ๐˜ฃ๐˜ฐ๐˜ฏ๐˜ฅ๐˜ด ๐˜ต๐˜ฐ ๐˜ฆ๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ฆ ๐˜ต๐˜ฉ๐˜ฆ๐˜ช๐˜ณ ๐˜บ๐˜ช๐˜ฆ๐˜ญ๐˜ฅ ๐˜ช๐˜ด ๐˜ญ๐˜ฆ๐˜ด๐˜ด ๐˜ต๐˜ฉ๐˜ข๐˜ฏ ๐˜ฏ๐˜ฐ๐˜ฎ๐˜ช๐˜ฏ๐˜ข๐˜ญ ๐˜Ž๐˜‹๐˜— ๐˜จ๐˜ณ๐˜ฐ๐˜ธ๐˜ต๐˜ฉ.โ€

Doesnโ€™t your Kaiseki blog (https://cryptohayes.substack.com/p/kaiseki-b15230bdd09e) apply here? For subtle financial repression must eventually become overt. The inflate-away-the-debt-to-GDP ratio also corresponds to consolidating the banking system into the Fedโ€™s direct-to-window orbit[1] and provides the pretext to push everyone onto a Hotel California-esque CBDC. FedNow should help accelerate panic bank runs at the precipice.

Bitcoinโ€™s decline abated as the (e.g. FTX, etc) leverage bled out of the system, lurched higher with BTFP, and stalled ostensibly awaiting a genuine Fed pause perhaps on November 1 with the 10 year ostensibly recently doing the work that another Fed Funds hike would have.

Should we rule out a March 2020 โ€œblackswanโ€ to spike the QE punch bowl again? The Ukraine war is approaching another inflection point as Ukraineโ€™s front line offensive having literally bled out its human fodder[2] is allegedly about to be overrun by 750k Russian conscripts with Congress refusing to send more aid. Will our cluster bombs be deployed against Russian civilians forcing Putin to take more drastic action such as nuking Kiev? The Neocons might see that as a Pearl Harbor to increase American support for OUR aggression in Ukraine since 2008 at least with the rejection of U.S. Ambassador William Burnsโ€™ โ€œnyet means nyetโ€ (no means no) communique. The complex political factor being the Neocons need plausible cover for a far too visible stealing again or even outright canceling the 2024 POTUS election, thus their backs are also up against the wall and becoming increasing desperate. Me thinks someone who created Bitcoin is playing all parties off on each other to usher in a dystopian NWO. You may not realize how dystopian Bitcoin is. Hope you have stored your BTC in addresses that begin with 1, not 3 nor bc1.

[1] For as long as the yield curve remains inverted such that the banks are borrowing short (i.e. liquid deposits) at higher interest rates to than to lend long (e.g. mortgage loans), of which anticipation of a recession, staying liquid to BTFD/BTFP and risk-free, highly liquid, high yield at the Fed window (via money markets) may be some of the subtle financial repression driving factors?

[2] Now forced to conscript old men and females, begging EU countries to force their male refugees back to Ukraine.

P.S. Iโ€™m enthused to discover that you are cross-posting on Substack, although I slightly prefer the tighter kerning on Mediumโ€™s reading font. I was banned from the increasingly pay-walled Medium and all my content was deleted. I expect the same outcome on Substack eventually. Highly sensitive political content not recorded on an indelible block chain has a half-life measured in years, even months if one of the major social networks, not decades.

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You know absolutely nothing about the war in Ukraine or the Ukrainian people.

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