🧵 When interest rates are too high to borrow freely against (approaching CPI*) , and when inventory returns(**), the tide will drop very fast. Demand and consumer confidence will crater quickly and spending/hiring/investing will change rapidly. The wobble we are seeing right now is credit tightening…so the Money Printer merry go round is slowing down from BRRRRR to BRRRrr. This means that *top level* people can still borrow cheaply but lower tier credit offers are now approaching 8-15% which is ~par with inflation.

Just a refresher that, broadly speaking, EVs are not tools of independence and economic durability...but an expensive SaaS model. autoevolution.com/news/evs-no-lo…

https://twitter.com/str8edgeracer/status/1520715007628959744

and your vulnerability to bad actors/ unforeseen circumstances is a merciless moat autoevolution.com/news/tesla-sup…

Shoulda just bought some regular dealerships that actually make money instead of trying to bring moronic vending machines to the car biz. $CVNA / Carvana = rekt.- down 87% in last 6 months. fortune.com/2022/05/06/sto… Whoopsies. This is what happens when you cannot deliver license plates, registrations, and overpay 10-20% for cars because “you really need inventory”. The car business is really hard guys. Should have invested in good operators.

why do bitcoin maximalists always tell people to get their coins off exchange? 👉🏼🧵 time: true story from today I orange pilled a buddy about 10-11 months ago and he bought a good amount of #btc. he set up his exchange acct on @coinbase pro, he felt like the volume was good for fees and moving $/BTC.

The “Removing Freedoms” train has left the station and has no brakes. Privacy, property rights, personal spending, communication and education are all targets of that train- like it or not. oddly enough, physical relocation is one of the few choices that will impact your relationship to the Removing Freedoms Train…get yourself off the tracks!