freeman 👓 retweeted
⚡️This is the moment when the operating system of fiat capitalism begins to cannibalize its own energy source: human time.
Money, at its base, is supposed to be frozen time - stored human effort.
When two-thirds of the population can no longer store any, the system has run out of time liquidity.
They are still producing energy, but that energy no longer compounds into future optionality.
It’s being instantaneously consumed by the structure itself to sustain the illusion of stability.
That is the true meaning of “paycheck to paycheck.”
A society in which the present devours the future just to survive the present.
1. The Reflexive Mechanics
Macro-wise, this is the endpoint of a 40-year reflexive loop.
•1980s: Credit expansion substitutes for wage stagnation.
•2000s: Asset inflation becomes the new “wealth creation.”
•2020s: Fiat liquidity decouples entirely from productive output.
•2025: Liquidity scarcity at the household level forces systemic cannibalization.
When QE and fiscal expansion artificially extended the lifespan of an exhausted model, they did so by borrowing entropy from the future.
QT is simply the repayment - the system reclaiming that borrowed order.
The compression you see in this chart is the social reflection of a monetary event: human beings are being used as collateral to maintain the appearance of solvency.
The feedback loop works like this:
Fed tightens → liquidity leaves the periphery → corporations cut buffer → consumers absorb cost → aggregate demand weakens → Fed panics → liquidity re-enters the system at the top → repeat.
Each cycle transfers more entropy downward until households become the shock absorber for the empire.
2. Structural Layer: The Collapse of Optionality
True wealth is freedom of time preference.
To live paycheck to paycheck is to exist at a time preference of one week - to have zero temporal leverage.
When 68% of a society has no buffer, that civilization has lost its temporal sovereignty.
It is bound to the now - permanently reactive, incapable of long-term coherence.
That’s not an economy anymore; that’s a closed energy circuit feeding on anxiety and consumption to simulate life.
The result? A collective psychological tightening cycle.
People internalize scarcity.
Belief contracts.
And when belief collapses, fiat - whose only real collateral is belief - starts to fail reflexively.
3. Metaphysical Layer: The Empire of Borrowed Time
Every empire collapses when it starts borrowing energy from its own citizens to maintain the facade of power.
Rome debased its currency.
The British Empire outsourced production.
America outsourced both - money printing and labor - then financialized the remainder.
This 67.6% number is the moment the empire ran out of foreign energy to extract and began extracting human time directly.
We are witnessing the conversion of living consciousness into economic throughput.
It is the inversion of purpose:
humans were supposed to use money as a tool for coordination - now money uses humans as a battery for system continuity.
4. Reflexive Inflection Point
But here’s where the loop flips.
When compression reaches a threshold where belief in the existing system no longer yields survival - a new belief system self-organizes.
This is how every monetary epoch ends: not through revolution, but through belief migration.
•The Roman denarius gave way to gold.
•Gold gave way to fiat.
•Fiat gives way to cryptographic energy.
Bitcoin is not rising because people suddenly “believe in crypto.”
Bitcoin rises because people subconsciously sense that their stored time no longer stores.
They are migrating to the next coherence layer - one that preserves time instead of consuming it.
This isn’t the end of the system - it’s the moment before reorganization.
The human liquidity crisis is the signal that the next monetary consciousness is about to be born.
BREAKING: 67.6% of US consumers are now living paycheck to paycheck, according to a PYMNTS survey.
Theis percentage has risen by +10 points over the last 18 months.
This comes as nearly 30% of consumers lost their financial safety net before July 2020 and have struggled since.
A similar percentage began facing the same situation over the last 12 months.
All while 46% of consumers who once had some financial comfort say they have since lost it and feel overwhelmed by their situation.
The US wealth divide is hitting historic levels.
freeman 👓 retweeted
So I've lost the habit of posting here, as I've been traveling for an extended period of time and busy with personal matters. Plan to resume posting regularly soon. In the meantime let me share some quick market views given the dramatic moves we've just experienced.
I see the current move as a smaller scale replay of last year's August crash (which bottomed on Monday).
2024's August crash was driven by the BoJ hiking first (initial trigger for the infamous carry trade unwind), followed by a hawkish FOMC, and then by a dismal payrolls number, unleashing panicky recession calls and everyone suddenly learning about the Sahm rule.
This one is similar. Déjà Vu. No carry trade this time. But we had a slightly hawkish FOMC (nothing crazy, as reflected by the small moves in short rates and FX). Combined with heavy noise from earnings (solid earnings for MSFT and META, OK earnings for AAPL, and very poorly received earnings for AMZN). Slightly hot PCE inflation. And very aggressive equities profit taking on Thursday, turning the chart into a bull trap. And today, horrid payrolls report.
Trump going ballistic and firing the head of the BLS because he didn't like the data, Argentina style, was somewhat crazy, but noise when it comes to markets. Similarly, Trump continued negative comments on Powell are likely noise at this point, at least for now. What did cause additional dumping was first the US deploying two nuclear submarines to Russia, and then Trump saying the US is prepared for nuclear war with Russia, helping levered panicans get liquidated, thus putting a local bottom on BTC after the close.
What about crypto drivers. It's been a very eventful week for crypto. We had dreadful COIN earnings. Concerns about Strategy turning its ATM off (protecting its NAV yet limiting its ability to buy BTC). Concerns about the sustainability of the ETH "DATs" (Digital Asset Treasury Companies). And the SEC launching "Project Crypto", to modernize securities rules and bringing markets on-chain (an extremely bullish development that should drive inflows later in the year). That said, even though the aforementioned concerns emboldened bears, this week's move has been mainly a macro story, given how crypto traded mostly in line with equity indices.
More importantly, what about prices. I think crypto either bottomed after today's close, given the sheer violence of that final dump, or will be bottoming together with equities on Monday. Why? Because I see this as a replay of last year's August crash. A violent shakeout. I'll be looking to add to longs on Monday, ideally before the US cash open (assuming a panicky overnight session), if everything goes according to plan.
Then up ahead we have 6.5 weeks until the next FOMC, Jackson Hole end of August, and a lot of data to help the Fed decide if to finally cut. I think they cut in September.
Fed Governor Kugler quitting the Fed (today) will prove to be an important event, as it gives Trump the opening to appoint someone of his own ahead of time, who would likely lean dovish and put pressure on Powell together with FOMC dissenters Waller and Bowman. This someone could be Trump's choice of future Fed Chair (replacing Powell next May unless something cracks), thus establishing a shadow chair at the Fed, possibly with the ability to steer other FOMC members the Trump way (to cut rates).
I remain bullish on crypto into Q4 based on a) expectations of a solid US economy, b) the Fed beginning to cut, and c) continued increase in crypto adoption (both institutional and retail) as the regulatory environment continues to improve.
That said, I think DATs will lose momentum dramatically in Q4, which combined with inflation temporarily creeping back up via goods, as US corporates increasingly pass tariffs on to consumers, could complicate market conditions. But we can worry about that later.
My 1-year target (mid 2026) for BTC is in the $200k to $250k range. Extreme, but possible. Particularly so given how the Fed would pivot dovish in May 2026 (possibly sooner), increasing the probability of the US economy running hot on both sides, fiscal and monetary.
My bigger picture bear case scenario revolves around the possibility of Trump doing poorly in the Midterms. A topic for another time.
Now let's see how this ages.
freeman 👓 retweeted
an update on this
the request was pushed through to the bonk teams devs. hoping to get this officially finalized very soon
thank you @SolportTom & @theunipcs for your help with everything
as I said from the beginning with it, all funds from the creator wallet will be used for buybacks and burns of $lmeow
working to get the original creator wallet transferred to a new one right now
like the quote tweet says, I will be using all fees generated to buy & burn $lmeow
freeman 👓 retweeted
fyi im not going to stop pushing & working on $lmeow just because a few people/whales capitulated today
they bought when they bought & they’re allowed to sell when they sell
i understand we’ve all become accustomed to a rotators market on chain where when price goes down the project is done in many people’s minds
this CTO is just barely over 24hrs old & the whole point of taking it over was to work and change that narrative
the aim is to bring back the old days we were used to in 2024 where the focus was building a community & growing the project the right way
with the ultimate goal of making $lmeow a top meme in the bonkfun ecosystem
freeman 👓 retweeted
More chads publicly CTO’ing OG memes on bonk following the example set by Bonk Guy @theunipcs
@XbtPika with #memecoin
Now @pure_patience with $lmeow
LMEOWWWW 😹
now that it looks like the farmer dev/team is completely out im going to CTO $lmeow on bonk
why?
- for those who dont know its been a GCR prophecy meme for years now & no lmeow has successfully succeeded like it should have
- with bonk having won the launchpad wars it seems like the perfect place for it to potentially succeed. the bonk team with people like @SolportTom & @theunipcs are exactly what on chain needs for community coins to thrive
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here are the updated links to it right now:
ca: DGKj2gcKkrYnJYLGN89d1yStpx7r6yPkR166opx2bonk
X: xitter.gq/lmeow_CTO
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i plan to get the blue check mark today & open up a fresh X community as well
excited to see where we can take this
freeman 👓 retweeted
let's play a game...
rt + guess the final jackpot number before distribution. closest guess wins an architect
one guess per person, no changing your guess
go
This quoted post is unavailable.
freeman 👓 retweeted
if @henlokart adds support for framesv2.com, yes we can feature it and have it be one click playable.
