Jorge retweeted
What’s a polite way to tell someone, “I’m not discussing this with you because your entire understanding of the subject is built on so many interconnected misconceptions that correcting them would require uninstalling your current worldview and starting the tutorial from birth”?
Jorge retweeted
If I were the Financial Industrial Complex (FIC), and my objective was to maximise portfolio value for asset managers like BlackRock, Vanguard and State Street, here’s the strategy I’d consider.
1. FIC — The custody model
Launch Bitcoin ETFs, finance Bitcoin treasury companies and encourage the migration of Bitcoin from self-custody into institutional custody.
2. Military Industrial Complex (MIC) — The covert operations model
Use intelligence and cyber capabilities to conduct or exploit covert operations, creating uncertainty around the security of self-custody and exchanges outside FIC control.
3. Technical Industrial Complex (TIC) — The revenue model
Supply the AI, software and cybersecurity infrastructure used by both attackers and defenders.
Fuel an AI-driven cybersecurity arms race where every new attack creates demand for more expensive defences.
4. FIC — The endgame
Use the growing fear of hacks to promote institutional custody as the safer alternative.
More cybersecurity spending for TIC.
More security budgets for MIC.
More Bitcoin under institutional custody for FIC.
The attack creates the fear.
The defence generates the revenue.
The custody concentrates the control.
That’s how the incentives could align.
It doesn’t establish who conducted any particular hack or prove these institutions are coordinating them.
But it’s a useful framework for asking who benefits.
Follow the money.
Follow the custody.
Follow the control.
Jorge retweeted
I just feel like we weren’t meant to spend our lives sitting in cubicles doing soulless work, only to open our phones and watch other people live their lives while putting our own on pause
We’re all so gifted and capable of creating so much, but we let our own thoughts, fears, and all the noise around us hold us back from realizing what we’re capable of
I genuinely think everyone should create SOMETHING before leaving this world, whatever creation means to you, whether that’s having children, making art, music, designing clothes, writing, or building something of your own
Just imagine taking a vision that only exists in your mind and actually bringing it into the physical world
We need to do everything we can to block out the noise and give ourselves a chance to see what we can create in this lifetime ❤️⭐️
Jorge retweeted
WHAT THE BINANCE HACK TEACHES YOU
Bitcoin held on an exchange is not Bitcoin you control. It’s a Bitcoin IOU.
Crypto is not the same as Bitcoin. Many tokens are programmable assets issued or controlled by centralised foundations and companies.
Stablecoins are not Bitcoin. They can be frozen for good or bad reasons.
Large crypto exchanges are not FDIC-insured banks. Their crypto balances are not protected by FDIC deposit insurance.
Binance created its own insurance-style emergency fund, SAFU, because it cannot rely on being too big to fail.
Banks, on the other hand, can become too big to fail, socialising losses while privatising gains.
Self-custody comes with different risks.
Social engineering tricks you into taking an action that compromises your keys.
Compromised devices, malicious software and insecure seed phrase generation can expose your Bitcoin without you realising it.
Wrench attacks introduce another risk: physical violence or coercion to force you to surrender your keys.
Self-custody removes counterparty risk, but makes you responsible for managing your own security.
AI is accelerating cyber threats across everything, not just exchanges and crypto.
You have no choice but to get good at security.
It’s the world we’re moving into, and we’re never going back.
Securing your own keys, money, identity and data is becoming one of the most important skills for surviving the future.
Start now if you want to be sovereign.
You have no choice but to take responsibility for your own security.
Oh yeah.
🇮🇱 Every hack is always North Korea. 😂
Jorge retweeted
Simon Dixon (@SimonDixonTwitt) says the real struggle is over who owns your money, your data & the technology you use.
He explains why he sees personal ownership as a way to resist a world of increasingly centralized power:
This makes you wonder how many people in positions of influence don't understand the very subjects they're paid to discuss.
Just because someone has a title, a platform, or years of experience doesn’t mean they actually know what they’re talking about. We’ve gotten too comfortable mistaking positions of authority for actual knowledge.
This mf just learned percentages and has an annual salary of over $500k a year to talk about numbers.
Jorge retweeted
Let’s be real.
Obama dropped more than 26,000 bombs in a single year, 2016 alone, across seven countries: Afghanistan, Iraq, Libya, Pakistan, Somalia, Syria and Yemen.
He expanded the drone war to roughly ten times what Bush ran.
He did more for military industrial complex profits than almost anyone who campaigned on peace.
And Iran was the last name on the Wesley Clark memo: seven countries in five years, Iraq first, Iran last, with the Clean Break doctrine written for Netanyahu setting the table years before.
But here’s the reality underneath it.
War in Iran and Ukraine transfers wealth to bondholders, oil producers and refiners, from everyone who consumes energy and everyone who pays interest on debt.
That’s the financial industrial complex.
The FIC.
The technical industrial complex, the TIC, gets to justify a police and surveillance state at home off the back of the unrest, while field-testing new killing technology abroad.
The US, UK, EU and Israeli stock markets get a stimulus.
Governments become more subordinate to their lobbies through debt.
And the resulting inflation gets socialised onto you.
War is a wealth transfer.
It also drives liquidity into the bond market, which props up the backing of the world’s reserve currency.
In my view, that’s why Obama and Trump both end up at war.
Not left versus right, but the same complexes behind both of them.
Israel is a military industrial complex node, an MIC with a state of its own.
And right now, it’s privatising it: floating its state defence giants, IAI and Rafael, on the stock market at valuations inflated by two years of war.
The MIC is being absorbed into the FIC, cashing in the war premium, live on the Tel Aviv exchange.
War is a racket.
And when the Middle East runs out of road, the MIC needs a new revenue stream.
Which is why the war narratives are now escalating towards Europe, Latin America and a security state across the collective West.
Left and right are tools for real power.
As the power map shifts across BRICS, SCO, ASEAN and GCC, war becomes the tool for negotiating a new world order in a struggle between multiple nodes of power.
In my opinion, it’s not WW3.
It’s a renegotiation.
And burning your attention on culture war and identity politics is exactly how you’re kept from noticing who’s transferring your wealth and raising your prices.
It’s how the system was designed.
You’re just seeing it more clearly now because the MIC is bringing its covert warfare apparatus home and manufacturing the unrest here.
Don’t be a useful idiot in another election cycle of lies that changes none of it.
Jorge retweeted
People beg me for a Bitcoin price prediction, so it's finally time to give it to you:
Kiyosaki once pushed me for a number on a 10 to 15 year timeframe, so I said millions of dollars per Bitcoin in the 2030s.
People find that unimaginable and crazy. What they don't take into account is the hyperinflation of the US dollar, which is underway right now, as it is with all fiat currencies, all the time.
Anyone who's ever opened a history book knows that paper currencies unbacked by commodity money like gold or silver must end in hyperinflation.
There's every incentive to print it into worthlessness, and no safeguard against such printing. They're either conquered and replaced, or they hyperinflate.
That's literally the only thing that ever happens, without exception.
As Charlie Munger says, show me the incentive and I'll show you the outcome.
If you create a currency that can be printed ad infinitum with no restrictions, and it rewards the printer for printing it, what do you think is going to happen?
They print the thing until it goes to zero. Of course.
The dollar is a fiat currency shitcoin. So when you denominate Bitcoin in dollars, Bitcoin trading in the millions and tens of millions is as certain as the dollar being printed into worthlessness.
I know that sounds scary if you're used to the dollar working. But you've got to zoom out. As Schopenhauer said, every man takes the limits of his field of vision for the limits of the world. Don't make that mistake.
Study the fate of fiat currencies and you'll understand.
This could be a multi-decade, multi-generational game. But directionally, I can say with a very high degree of certainty:
Bitcoin number go up, US dollar number go down.
So my prediction is that the Bitcoin price will go up forever.
Jorge retweeted
The Bitcoin security hysteria is hilarious. There is no technology on earth more battle tested than BTC. It has had a giant target on its back since day one because it holds actual money that can be stolen with no accountability. Every hacker on the planet has tried for 16 years. Nobody has cracked the protocol. Meanwhile, hacking everything else is getting cheaper and easier by the day. Your money is at far greater risk sitting in a bank or brokerage account. Someone wires it out and the bank says you authorized it. Now prove you didn’t. Good luck with that…🚀