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Degens Deteriorating
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Wholesale inflation unexpectedly fell 0.3% in June, defying economists’ forecasts once again

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πŸ‘Œ3
Life as an Asian-American guy in California

If you're Asian and you're considering emigrating to a western country you better understand you're going to have to become elite to compete. Take whatever supplements you must, go to the gym and become jacked. If you're some broke nerd it's kinder on yourself to just stay in Asia.

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πŸ”₯3
β€Ό BREAKING: Dutch and Belgian police have dismantled an international crypto investment fraud network run like a company: roughly 20 call centers, 700+ "employees" and an estimated take of more than €100 million per month. Six suspects have been arrested across Poland, Cyprus, Belgium and Greece.

One of the lead suspect is named only as "Ehud T.", a 46-year-old Israeli-Polish national accused of building the network's technical backbone. The combination of first name, age and hacking history points strongly to infamous Israeli hacker Ehud Tenenbaum aka "The Analyzer" of the 1998 Solar Sunrise Pentagon intrusions.

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Democracy but you can only vote if you’re over 120 IQ, own property, are a heritage American and a net tax contributor

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πŸ’―14⚑2
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A hospital in Nashville, Tennessee has extremely questionable automatic doors

This is what it’s like if you’re walking towards the doors…. They open automatically, but in the middle is a steel pole that you wouldn’t expect

It’s very easy to not know this pole won’t open and walk right into it

Multiple people have confirmed they have personally walked into this steel pole accidentally, thinking the doors would open and it be clear

This is very clearly a safety hazard

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FED WARSH: AI COULD PUSH PRICES HIGHER OVER THE NEXT 12 MONTHS

β€œWe see the effect on demand much more quickly.”

β€œWill it increase measured prices over the next 12 months? I suspect it will.”

β€œI don’t view a one-time change in prices as necessarily being inflationary.”

β€œWhether that’s inflationary or not, that’s up to the Fed.”

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A 77-year-old woman is now speaking out after the state of Florida sent her a randomized license plate number that appears to read β€œsqueeze ass.”

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Why Iran Hasn't Collapsed After Khamenei's Death

The answer lies in a military strategy many people have never heard of:

The Mosaic Doctrine.

It was designed for exactly this scenario.

Iran spent years preparing for the possibility that its Supreme Leader, senior IRGC commanders, military headquarters, and communication networks could all be targeted in a decapitation strike.

Here's how it works:

No single command center:

Iran's military is decentralized into regional commands that can operate independently if the central leadership is destroyed.

Pre planned missions:

Local commanders don't have to wait for orders from Tehran. If communications are cut, they continue executing previously assigned objectives.

Built in redundancy:

If one commander is killed, another immediately assumes command. If one headquarters is destroyed, others continue operating.

A war of endurance:

The doctrine isn't designed for a quick victory, it's designed to absorb devastating strikes, survive leadership losses, and keep the fight going until the cost becomes too high for the enemy.

This is why, despite the killing of Ayatollah Ali Khamenei and numerous senior commanders during the 2026 war, Iran's military operations continued instead of collapsing overnight. Analysts have pointed to the country's decentralized "Mosaic Defense" as a key factor behind that resilience.

The strategy was never about making Iran impossible to defeat.

It was about making sure that eliminating the leadership would not automatically end the war.

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πŸ’―9
β€œpast a certain age, a man who isn’t unemployed and living with his parents can be a bad thing”

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Institutional investors are rushing into US stocks:

Global managers’ cash allocation has declined -0.5 percentage points month-over-month, to 3.6%, near the lowest in 13 years, according to a BofA survey of 181 participants with $484 billion in assets.

At the same time, 24% of managers are now net overweight US equities, the highest since December 2024.

This is also the 2nd-highest reading since late-2021.

Furthermore, 82% of respondents said "long global semiconductor stocks" is the most crowded trade, the 3rd consecutive month semiconductors have topped the list.

All while allocation to global equities is up +4 percentage points this month, to 42% overweight, the 4th-highest since January 2022.

The appetite for risk is surging globally.

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DoomPosting
prices != value of money Government’s definition of inflation is a scam πŸ„³πŸ„ΎπŸ„ΎπŸ„ΌπŸ„ΏπŸ„ΎπŸ…‚πŸ…ƒπŸ„ΈπŸ„½πŸ„Ά
E.g.

+ Silphium, an ancient contraceptive and medicine, which was in wide use, and might reasonably be part of a CPI basket, and then as they foraged it to extinction, the price of this plant skyrocketed to its weight in gold and beyond

+ Or β€œsea cow”, which was an easy source of meat, until the resource ran own, and prices of substitutes were much higher, effectively skyrocketing prices for a typical basket of goods including food skyrocketing

+ Or american chessnut, which was essentially free food, and the majority of the diet in Appalachia before its sudden extinction β€” which effectively sent food prices skyrocketing

β€” So would these cases of a perfectly reasonable β€œCPI basket” skyrocketing == the currency is decreasing in value?

No!

The price of a basic need suddenly and ~permanently went up, but the value of the currency stayed the same

The definition of CPI, though sometimes a useful surrogate, is fundamentally insane

prices != value of money

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πŸ’―2
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New broadcasting guidelines for women's athletics have been released to crack down on camera angles and slow-motion replays that β€˜sexualΔ±ze’ athletes

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I’m confused as to what camera angle they would’ve preferred here? Underneath?

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