Welcome anon to another week of paid content.
Please refer to the Backdrop Post and trade with mindfulness.
If you’re new and have a question, please read the FAQ post first.
Please refer to Definitions page for any terms or abbreviations that I use that you don’t understand. If a term is missing, please let me know.
This post will be too long for the email, please come to the substack website.
Substack has launched an iOS app for those of you using apple devices. I am an android peasant and can’t tell you if its good or not, but check it out if you have an iPhone or some other such trappings of royalty.
Please feel free to skip around or ignore certain sections if it does not apply to you. The Table of Contents is made to preserve your time in this manner. You can always simply read the conclusion if you are in a hurry.
All times given in this update are in US Central time (UTC-6 clock).
Song of the Week - Lauryn Hill - Zion (Screwed and Chopped by Drobitussin)
Table Of Contents
A Decade of the Individual
Economic Calendar
RBA Interest Rates
FOMC Minutes
Crypto Macro
Price Action
Mechanical Liquidations
Conclusion
1. A Decade of the Individual
There is a trope that is oft-repeated if you are in touch with any of the crowd that is in support of the theories laid out in the book “The Sovereign Individual.” It’s a great book and I gave a brief review on my Instagram.
Back then, I was mainly talking about it to illustrate a point that regulation was coming and that the goal of such regulation would be to stop wealth from leaving the dollar economy and entering the alternate economy. I still believe that’s the case, but it’s not what I want to talk about today.
Instead I want to talk about a different trend emerging that was also laid out in the book. It’s about authority becoming decentralized. Essentially the places people go for information, entertainment, and content in general will not be large conglomerates and groups but will instead be individuals or smaller groups. Consider the shifts in Entertainment. We went from paying for large cable packages that were bundled with multiple channels, to then paying for subscriptions to large streaming networks like Netflix and Hulu, to then paying for subscriptions to a single content network like CNN+ (lol), FoxNation, or Disney+, and now today you have chosen to pay a single person $10/month for written news about the global economy.
Your participation in this substack right now represents a significant seed change in the way information is consumed and disseminated. You may even view this substack as an authority voice on a few topics that I’m not completely retarded about.
The following example is going to represent how people of the future will consume content and is indicative of this very change.
Andrew Schulz is a comedian. I think he’s pretty funny, and his podcast is hilarious as well. For the past 8 or 9 years, Netflix has been a dominant delivery network for Comedy specials. Most people expect to see their favorite comedian’s special streamed on Netflix. As a network, their day’s are numbered for a number of reasons, but what’s important here is what Schulzy is trying and what his success will pave the way for. Why let Netflix own the copyright to your content, and allow them to distribute it for you? Why let Netflix make money as a middleman, especially if they are out of touch with the business model and intent on interfering with your ability to perform? The company is full of bloat, and could probably get by after 40% of their staff get laid off. Two weeks ago, 3% of their 11,000 employees were laid off. If you are genuinely in the top 0.5% of what you do, there is no incentive to join with any large network; especially when as an individual you can distribute and perform much more efficiently. Their employees don’t work for you, and can sometimes even work against you, which is what likely happened to Schulz and why he bought the rights to his comedy special back (copyright for this is not cheap and likely cost him a small fortune).
Why pay for CNN+ (lol) or FoxNation, when you can pay for TimCast, or another independent journalist network? Why go to a conglomerate when you can go to the source? And if you produce content, why would you submit your own unique voice to corporate editorialism? For instance, I am a vulgar man when I want to be, I’m not really PC, and am willing to say things that go against the narrative. People may not catch the link between me saying “retard,” and me being able to catch the undercurrent in Central Bank Minutes, but they are connected. The same part of my soul that says “namefag” and “walletfag” is the part of my soul that told you this would be one of the worst years for the bond market in recent memory. You don’t get to pick and choose which one of these things you get, you either get both or you get neither. For reference, this was the worst first half of a year for the 10 year US Treasury bond since 1788.
At same time, 10-year U.S. Treasury bonds – the benchmark of global borrowing markets and traditional go-to asset in troubled times – have had their worst first half since 1788.
If you were reading at the beginning of the year, the above quote may not come as too much of a surprise to you.
This will be a decade where individuals emerge for their authentic voice, and with the help of online distribution and decentralized payment systems, they will actually be able to enter the mainstream consciousness in ways they previously could not. Where content is concerned we are slowly seeing that. Consider the IG post below.
It’s about authors self-publishing books to get around the gate-keepers. Back then they were still using Amazon but could make considerably more than going through a publisher and had no one to censor them or editorialize their writing. All of my favorite authors are vulgar or outside of the inner circle of society in some manner or another. None of these books would have made it through editing at a traditional publisher.
Now here’s a perspective shift. This substack has over 200,000 words written in it (significantly more than that, I stopped counting: It’s 70+ articles, average 2,500 words per). If it were a book it’d be over 400 pages, but does it feel like you’ve read a 400 page book? If you’ve read it all, you have chewed your way through what would be a fairly dense book on the global bond markets, written in real time, with enough examples to be comprehensible. You may have paid more than such a book might have cost, but instead of reading about what happened in November 2021, over a year later or whenever such a book would have been released, you read about it in real time. Straight from me, with the ability to ask questions in real time. Is this better or worse than a book? Who can say, but it is an indication of what the future holds. When you start thinking about your own strengths and abilities as an individual, you should think of them in this light. How can I get straight to my audience? How can I get as close to them as possible with no middle man? We are still using a few centralized nodes to complete this link. You pay Stripe and Stripe pays me. In time even that link will be severed.
Everything will water down to the individual. Pay for what you consume and nothing more.
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