Fractional reserve banking gives the government immense financial power. "If ever there's a day of stress, you need a lender of last resort, and the government can always say no." "They can shut a bank with no notice, any day and there's no recourse."

Scott Shay built Signature Bank to $110 billion in assets without a single acquisition. Then the government took it. He tells @AviFelman the part nobody reported: Signature was mark-to-market positive two weeks before. After the run they still had $16 billion in cash. They raised $20 billion over the weekend. It was seized anyway. All of that, plus: • Teaching The Class Michael Lewis Was In • Why He Went Blockchain Maximalist In 2013 • Inside Signet: A Trillion Dollars Moved • The Bank He's Building To Kill Fractional Reserve OUT NOW on @YouTube & @Spotify 👇

When BlackRock writes about a new idea, you should be paying attention, and this is what they're converging on. Agents on blockchains. BoA is not going to bank your agent but crypto rails will. "AI will save crypto." -@jvb_xyz

The Fed hiked. Everyone assumed that was bearish. @AviFelman called the opposite live, eight minutes before the decision, and explains to @jvb_xyz why the hike is a signal the government is acting irresponsibly, which is exactly what bitcoin:native and gold want. All that, plus: • Poland Lost $230M Buying Oil w/ Thumb Drives • How Oil Scams Actually Work • Copper Is The Next Meme Coin • Zuck Just Killed "Pacing The Frontier" • Why AI Doomerism Is A Sales Pitch OUT NOW on @YouTube & @Spotify 👇

Trading is about taking risks in bursts and knowing how to survive. Understanding the vol of an asset is crucial to staying in the game long term. Wisdom from @novogratz who has been in the game for decades.

The first Space Race was a symbol of power projection. Great powers flaunting capabilities. Civilian technology emerged as a byproduct. Today’s Space Race is fundamentally different. It is no longer symbolic. Space is where power *is* projected, not a symbol of it, and technological leapfrogs are no longer byproducts. We were excited to dive into space markets and how investors are navigating the Space Race 2.0 with @ETFwunderkind, who has explored the theme extensively.

Delusional outsiders drive society forward. The history of innovation is filled with individuals who enter markets as outsiders. “They stake a grand vision that inspires people.” - @santiagoroel

"It's starting to get a little silly..." The shitcoin traders left crypto and went to stocks. Now stocks are trading like 2021 crypto. Violent sell offs and snapback reversals. The vol combined with private market mania has @jvb_xyz worried.

Stanley Druckenmiller is the greatest of all time. "If you could put on one trade with a blank piece of paper, what would it be?" His answer? Copper. Copper is the ultimate data center trade. The AI mineral.

MARKET UPDATE 🔴 LIVE Today @ 1pm ET with @AviFelman & @jvb_xyz The Fed backstops the yen. Metals rip. Neoclouds rebound. Here on 𝕏 + @YouTube! Join the live chat 💬 LINK:

Why billionaire fortunes from the 80s no longer exist. Because the second & third generation inheritors of wealth stop allocating capital efficiently. The industrialist builds & the nepo baby gets stuck in guilt & status games.

The sooner you accept you know nothing, the better your trading will be. The concept of being "clever" is tied closely to identity -- if you are wrong, you are no longer clever. We explored this concept in depth on the @1000xPod. It's one reason that experts often get major shifts wrong. When conventional wisdom fails, only those with a blank slate or open mind can adapt. The "experts" cannot because doing so would threaten their hard earned knowledge. I highly suggest checking out the episode, it's filled with useful frameworks. One thing that I do to get use out of these conversations is keep a running list of all the "rules" I have for myself. Some are contradictory, but if you review them regularly you end up making better decisions overall. Full episode here:

The biggest mistake you will make as an investor according to @santiagoroel Do not try to “feel” clever. Instead, find domain experts who don’t have access to capital & absorb their knowledge base.