I sound like a conspiracy theorist:

I sound like a conspiracy theorist.

Some conspiracies have been proven to be right, some proven to be wrong.

That’s why I don’t tell too many people all of my ideas.

Am I crazy that banks are going to fail?

That the Chinese real estate bubble isn’t real?

That millions of people are watching the charts of AMC & GME every single day?

I don’t think so.

How this will unfold will be fascinating to watch.

There were articles about how the Fed has come out with their report saying meme stocks like GME and AMC pose a systemic risk to the market.

Their beginning to prepare the population.

The Fed knows.

They also said the Chinese debt crisis could come into America.

No shit Sherlock.

Everything is connected.

Who owns Chinese real estate debt?

The whole world.

How?

Because it's been making solid returns for decades.

But the debt crisis is unsustainable and Xi knows it.

He’s already popping his bubble.

Reigning in big tech.

Removing billionaires from the public.

Limiting video game use for kids.

Crushing for-profit-education companies.

But the real estate crisis could be the worst of all.

The world’s banks own Chinese real estate debt.

That means Japanese banks, Asian banks, European banks and US banks.

But the US market will have a real problem once the world finds out about the squeeze.

The rich will delay it as long as they can because they’re asset values are going to get destroyed.

But the trickle effect will start.

First it’ll be smaller funds.

Then they’ll be news saying everything’s over, we’re headed to the great depression, don’t need to buy anymore?

Then more funds will be liquidated. Why? Because of the domino effect.

If there’s news out about funds failing, that will cause panic.

Markets are about human emotion as much as they are about value.

Why do so many people follow what the US Fed speaker has to say? Because the whole market is being held up by his word.

First it was we don’t have inflation, then it was inflation is transitory and now it’s inflation will persist longer than we think.

They have no way out of this massive debt trap they’re in.

They’ll likely have to save some banks or nationalize them.

But if asset values fall across the board and bankruptcies start to happen, they have nothing left to do.

If they raise rates now, they’ll start the cascade of crashing the market.

They also don’t have the money to pay interest on their debt.

The US dollar could be a failed currency in our lifetime.

History tells us all currencies fail, this one will be no different.

The other thing they do is just keep printing, but that also sends them down a death spiral of hyperinflation where the world will just start dumping their bonds.

The issue though is multiple countries are pegged to the US dollar so they’re will be other currency crises around the world.

This means the dollar could still be the most stable for a period of time.

Not sure how many countries will transact in RMB but if they do well with their digital Yuan, it could be adopted by more of the world than we think.

Bitcoin? Ha.

My guess is a ton of the crypto market is going to explode. Tether could have billions in commercial Chinese debt and when those companies fail, Tether might be finished. If Tether is finished, the whole crypto market goes with it.

Let’s see if Bitcoin can survive a crash like that. If it can, then I’m definitely buying.

Crypto is the currency of the Internet.

More people are coming onto the Internet in the next decade, especially in Asia.

It also allows information and power to be completely decentralized so each individual can own their data.

The landscape for creators is going to change forever.

You can now auction your future to your fans so if you do well in life, the value of your work continues to rise.

It’s like imagining you got to own Drake’s royalty stream on his first album.

How valuable would that shit be today?

That’s who the next big thing is going to be.

The artist that goes directly to the fans and blows up.

They’re wealth could be astronomical because instead of labels owning most of the rights, they could distribute them evenly to their fans so they’re a part of the upside.

You can bet on the future of the person and support them through their journey.

Web 3.0 is another revolution but it’s still too clunky for the mainstream. A lot of the infrastructure needs to be built out like security, privacy, custodians, convenience, and explaining it to the world.

Crypto is just digital currency so if you want to create a career online, you now have ownership over what you make.

This is where the major upside is investing in tech in the next 10 years.

You need people who know crypto and web 3.0.

But it will be a dark winter for crypto soon.

Let’s see.

All of these thoughts I’m sure sound insane if I was to tell someone today, so I want to see how this plays out.

Maybe I’m right, maybe I’m wrong.

We’ll find out soon enough.