People are paying attention and are concerned. A recent Gallop poll shows half of Americans worry their money is not safe in banks. This will only increase the odds that further bank runs and bank collapses will occur.
2. The money supply has decreased the largest amount since the Great Depression
The lead up to the Great Depression, the money supply fell by 12 percent, today we are seeing a 10.2% drop. This drop is the largest amount since the lead up to the Great Depression. The reason we are not in complete collapse is the money supply also grew in the past 3 years not seen ever in U.S. history.
The US economy still has large excesses created during the COVID era. This is partly why we are not yet seeing a sizable slowdown in the labor market. But with all the other factors listed here, we are in for a serious rough ride.
3. Inflation is still high despite the decrease in Money Supply
Despite the 2nd largest decline in the money supply in US history, inflation is still persisting. Unlike the Great Depression, the decrease in the money supply led to an inflation free fall.
This time is different and means the FED will likely continue to keep interest rates higher thus fueling the increasing credit crunch and ongoing bank collapses. Higher interest rates decrease the cash available for businesses and regular people to pay off loans. It also decreases the available cash needed to buy goods in the general economy reducing revenues for most business, but even more so for businesses selling goods not considered basic needs.
4. Silver prices are soaring and are positioned to continue to rise
Silver prices soared during the 2008 crisis. People were worried that the full collapse was coming. But the global bankers were able to “kick the can down the road” until later, maybe until today.
The two charts below give you some great insight. The first one shows how American Silver Eagles have been soaring and shows the spot price from the end of 2013 to today, 5-14-2023.
Analysts have stated that the U.S. Mint has had difficulty maintaining its supply of blanks as it competes with growing overseas demand. This is why American Eagles are increasing more than generic silver coins.
The next chart shows the price of silver at it’s peak after the 2008 crisis. People were pulling out of the economy en masse. Then, when people realized the global bankers had managed to stall the collapse, silver prices came back down although still settled higher.
If 2008 is an indication of where silver prices will go, imagine where prices will ultimately land.
5. Credit Crunch
The credit crunch happens when there is a significant tightening of lending standards among banks. The recent surge of bank collapses caused by an increase of bad existing loans fueled by a weaker overall economy fueled by higher interest rates, is causing banks to shore up their balance sheets. This means new loans are harder to get and more costly.
Many economists, including Bank of America strategists, are warning that this could lead to over 1 trillion worth of corporate debt defaults.
Last 20 years Bank Prime Loan Rates
With growing interest rates, loans are harder to come by and existing loans with floating rates (not set with a fixed rate loan) become impossible to pay for cash strapped businesses and homeowners. This will fuel even more collapses, foreclosures and bankruptcies going forward.
👉 Coinbase just launched an AI agent for Crypto Trading
Custom AI assistants that print money in your sleep? 🔜
The future of Crypto x AI is about to go crazy.
👉 Here’s what you need to know:
💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit
👉 What this means for the future of Crypto:
1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025
🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.
👉 Coinbase just launched an AI agent for Crypto Trading
👉 Coinbase just launched an AI agent for Crypto Trading
⚡ BREAKING: GOOGLE’S WILLOW QUANTUM PROCESSOR COMPLETES 3.2 YEARS OF COMPUTATION IN JUST 2 HOURS, 13,000× FASTER THAN THE WORLD’S MOST POWERFUL SUPERCOMPUTER, SPARKING FRESH CONCERNS OVER BITCOIN’S ENCRYPTION SECURITY.
They are in our solar system, and in our event-stream in this Eternal Now.
Officialdom is clueless.
They think we are going to be at WAR with the Aliens.
Officialdom is very stupid.
Aliens is here. It’s not WAR. It’s Contention.
There is a difference.
Officialdom is clueless, still living in the last Millennium.
Aliens is here.
The Field in which we contend is This Eternal Now.
ALL HUMANS LIVE HERE, and ONLY HERE, in this
ETERNAL NOW.
It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.
This Eternal Now has always been our body’s Field of Contention.
The Aliens is here, in our Eternal Now.
Our common, shared, reality that we all continuously co-create now has Aliens.
It’s getting very complex in here.
Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.
Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.
WAR happens in the Matterium.
Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.
YOU know this to be fact. You are a co-creator.
Contention with Aliens is happening in this instant in this Eternal Now.
Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….
It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.
We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.
We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.
By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.
By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.
Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.
Come, join with us. It’s going to be a hellacious Contention.
We ARE the NEW HUMANS!
Together we are the Force that cannot be defeated.
Start YOUR training in this instance of this Eternal NOW.
Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!
It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.
The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network
For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.
The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.
Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.
This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.
The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.
This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.
Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.
This is not merely a fleeting trend; it's a crowning moment in global adoption.The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."
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US Dept of Commerce to publish GDP data on blockchain
On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.
Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”
The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.
While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.
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