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Degens Deteriorating
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TONIGHT: This investigation goes far beyond crypto

National TV, 7pm ET

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Horrific! British man says he is attending the Tommy Robinson led Unite The Kingdom March in London because his wife, Anna Marie Stevens, was killed by an illegal immigrant and he has not received justice yet

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Countries return en masse to coal due to the energy crisis caused by disruptions of supplies in the Strait of Hormuz. At the same time, global coal prices have risen by 12% β€” The Wall Street Journal

Taiwan, South Korea, India & others are restarting coal-fired power plants

In Italy, coal capacity has been put on standby

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Asset owners have been shielded from inflation:

~55% of consumers with no stock market ownership cited high prices as the reason for worse personal finances in May, the highest in at least 10 years.

At the same time, consumers in the bottom two-thirds of stock ownership in the survey reported a similar level of strain.

By comparison, only ~40% of consumers in the top third of stock ownership cited high prices as a concern.

This puts the gap between top stockholders and those with no stock ownership at ~15 percentage points, the widest since mid-2024.

Excluding 2024, this is the largest divergence in over a decade.

This comes as the historic market rally has shielded wealthy consumers from inflation while the rest of America bears a disproportionately larger burden.

Own assets or be left behind.

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πŸ’―1
Kimi K2.6 is 6x cheaper per token than Claude Opus 4.7.

But per task? It's only 39% cheaper.

$0.76 per task for Kimi K2.6.

$1.24 for Claude Opus 4.7.

Kimi burns so many tokens to complete a task that the 6x pricing advantage nearly disappears.

Cheaper per token does not mean cheaper to use.

If a model takes 2x the tokens and 7x longer to finish, the savings are an illusion.

Stop comparing token prices.

Compare cost per task.

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πŸ’―2
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It’s really simple.

Americans have freedom of speech.

A white man saying the word β€œn&gger” doesn’t equate to β€œfighting words” or an imminent threat like going into a bank and saying β€œI have a gun. Give me the money”.

The fact that this word is only an issue when a white person says it PROVES that any claims of offense or provocation because of it is actually only racial discrimination against Whites and an infringement upon their First Amendment rights.

I would go as far to argue that using a white person saying the word β€œn&gger” as evidence in court to justify a black person’s assault as β€œprovocation” is a violation of that white person’s 14th Amendment under Equal Protection. My rights don’t change just because of my race.

If blacks can say it, whites can say it.

You are discriminating against me and violating my 1st Amendment Right on the BASIS OF RACE if otherwise.

FreeChud

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πŸ’―16
Media is too big
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What an amazing turnout for the Long Beach Pride Parade

The city was expecting 10s of thousands for visitors

The parade starts in 25 minutes and there are only 2 tents along the path. No one is lining the streets. There are maybe 10 people in total

In the past the streets were lined with people. It turns out nobody cares anymore without the constant propaganda

The Pride festival was cancelled yesterday and now nobody showed up to the parade

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BREAKING: Trump says Iran β€œbetter get moving or there won’t be anything left of them.”

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😁1πŸ’…1
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Many Swatch stores across the UK have closed following incidents resulting from huge queues as people try to buy the Royal Pop watches to resell online for many times higher.

A video recorded at the Bull Ring shopping area in Birmingham, England captured a moment where an employee, standing by police, announced the store was sold out.

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EVERY SINGLE MAJOR FINANCIAL BUBBLE IN MODERN HISTORY POPPED EXACTLY LIKE THIS.

Bond yields started rising sharply.

Markets ignored it.

Then the bubble broke.

That happened in:

β€’ Japan 1989

β€’ Dot-com 2000

β€’ China 2007

And now the same setup is appearing again globally.

In Japan’s bubble, government bond yields surged about +230 basis points before the Nikkei later crashed more than 60%.

In the dot-com bubble, US Treasury yields surged about +260 basis points into 1999 as the Fed tightened policy.

Markets kept rallying anyway because investors believed the internet would change everything.

Then the Nasdaq collapsed 78%.

In China’s 2007 bubble, bond yields surged again before one of the sharpest equity crashes in the country’s modern history.

The pattern was always the same:

Easy money inflated the bubble.

Higher yields eventually killed it.

Now look at today.

The US 30-year Treasury yield is back around 5%, near the highest level since before the 2008 financial crisis.

Germany’s 10-year yield is at the highest level since the euro-zone crisis.

UK bond yields are near 2008 highs.

Japan’s 10-year government bond yield is now at the highest level in almost 30 years.

This is happening while:

β€’ AI stocks dominate the market

β€’ Stock concentration is above dot-com levels

β€’ Valuations remain extremely high

β€’ Government debt keeps exploding

β€’ Inflation remains sticky

At the same time, investors can now earn around 4-5% from government bonds with almost no risk.

That is a major problem for highly valued assets.

Because the entire post-2020 rally was built on the idea that interest rates would stay low for years.

Cheap money pushed huge amounts of capital into:

β€’ AI stocks

β€’ Tech

β€’ Crypto

β€’ Private equity

β€’ Real estate

Now the cost of money is resetting higher across the entire world at the same time.

And history shows that bubbles usually become unstable when that happens.

Markets are still acting like higher yields do not matter.

That is usually the stage where the real risk starts building underneath the surface.

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Rumor mill on GPT-5.6 is getting wild.

Supposedly a significant leap over GPT-5.5:

β€’ much better coding

β€’ finally strong at frontend

β€’ serious agentic use

β€’ computer use basically solved

β€’ cheaper inference

β€’ higher efficiency

What do you expect of GPT-5.6?

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US STOCKS = OVERVALUED

BITCOIN= UNDERVALUED

The catch up rally will be insane

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