Let's Appreciate

https://kyla.substack.com/p/narratives-reflexivity-and-market https://www.youtube.com/watch?v=kQu5DOpcyaE&t=11s

Very excited to have Michael on to talk about Kazakhstan. We discuss the history of the country, the current situation, especially relative to Russia, the state of the energy markets and the impact this could have on oil, the impact it could have on crypto markets, and finally, what could happen next. Michael: https://www.theredlinepodcast.com https://twitter.com/MikeHilliardAus 00:00 - Intro 01:20 - History 10:00 - The CTSO 12:00 - Authoritarian Protests 15:59 - Stability of the Regime 17:15 - Putin’s Response 19:55 - China’s Involvement 22:13 - Uranium Markets 23:27 - Stability of Energy Markets 25:13 - The Lost Dubai 28:08 - Afghanistan 29:38 - Crypto 32:23 - Russia Peacekeeping 35:30 - The Borders 37:58 - Will this happen elsewhere? 40:08 - Final Thoughts

Please note - this is a really broad and brief overview of what’s going on. I did not go into detail on many important subjects. Please see these names below for more. Researchers/Journalists/Academics https://twitter.com/CreativeCorazon https://twitter.com/EricaMarat https://twitter.com/joannalillis https://twitter.com/Peter__Leonard https://twitter.com/KassenovaNargis https://twitter.com/SchatzEd https://twitter.com/aygeryma https://twitter.com/PaoloBottleneck https://twitter.com/colleenwood_ https://twitter.com/zhapisheva And more, please refer to this: https://horse-quart-a62.notion.site/Kazakhstan-be4178aeac044b588da641c93793887f

Please note, this video is not meant to be any sort of malintent on Dr. Weber’s article, just around price controls and the literature around them. Notes: https://drive.google.com/file/d/1GSOI...

Notes: https://horse-quart-a62.notion.site/S... 00:00 - Intro 00:32 - FAANGM 02:21 - Why did this happen? 03:50 - The Beginning 05:59 - Inflation 08:07 - The Reason this Matters 12:42 - Zoom Out How higher interest rates impact the stock market: https://www.investopedia.com/investin...

No one really knows what web3 is, but its clear that Jack Dorsey doesn't like it! But why? This question is important to explore, as this is likely the future of how we interact online. #web3 #bitcoin #narratives 00:00 - Intro 00:32 - Brief Recap 02:44 - Narrative 04:16 - Crypto Narrative 04:46 - My Graph 08:33 - Summary 13:03 - Final Thoughts

Notes: https://www.notion.so/Week-of-Dec-13-... Ben's substack: https://benwheeler.substack.com/p/wha... 00:00 - Intro 01:50 - Ben Returns 02:16 - NATO 15:31 - Russia and Ukraine 16:16 - FOMC 26:48 - Cybersecurity 28:38 - Energy Markets 31:06 - Bye Ben 31:31 - Bye Kyla

Main write-up: https://kyla.substack.com/p/tradeoffs...Vitaliks piece: https://vitalik.eth.limo/general/2021...Jack’s piece: https://youngmoneyweekly.substack.com... 00:00 - Intro 01:06 - Tradeoffs 02:32 - Centralization Tradeoff 06:00 - Federal Reserve Tradeoff 08:10 - Political Key Man Risk 08:27 - Apple Tradeoff 09:30 - Cybersecurity Tradeoff 10:15 - Gray 11:41 - Energy Tradeoff 13:54 - Crypto Tradeoff 14:17 - Narrative creation 16:42 - Narrative Resistance 17:20 - Narrative Disruption 17:51 - Narrative Packaging 18:47 - Dollar Tradeoff 19:44 - Happiness Tradeoff 21:07 - Final Thoughts 22:11 - Bye

A breakdown of yesterday's Fed day in the following format: 1. Pre FOMC (~1 hour before) 2. Post FOMC (~2 hours after) 3. Post post FOMC (~24 hours later) Can you see the difference? The Fed made the decision to accelerate their taper by $30b a month (meaning that they are going to stop providing so much support to Treasuries and Mortgage Backed Securities) as well as released their dot plot - with 3 hikes in 2022. This was a relatively hawkish call for the Fed - meaning that they see some hotness in their dual mandate of price stability (definitely here) and maximum employment (still some ways to go here, but close).

Resources for Kentucky: https://www.gofundme.com/f/ukcom-stud... https://wfpl.org/heres-how-you-can-he... https://secure.kentucky.gov/formservi... Full piece: https://docs.google.com/presentation/... Full sources: https://horse-quart-a62.notion.site/S... Helpful videos: What is the Fed: https://www.youtube.com/watch?v=hIQiO... What is inflation: https://www.youtube.com/watch?v=U6jKb...What is the Federal Reserve: https://www.youtube.com/watch?v=-lfKd...

Full piece: https://kyla.substack.com/p/the-great... Helpful videos: What is the Fed: https://www.youtube.com/watch?v=hIQiO... What is inflation: https://www.youtube.com/watch?v=U6jKb... 00:00 - Intro 00:25 - CPI0 7:04 - What is the Fed Going to Do? 09:21 - The Stock Market is Not the Economy 10:35 - Evergrande 11:41 - Russia 12:08 - Crypto Regulation 13:46 - What is the economy? 15:00 - Final Thoughts

Full notes: https://horse-quart-a62.notion.site/R... Ben’s Twitter: https://twitter.com/D1Wheeler Bens Substack: https://benwheeler.substack.com 00:00 - Intro 00:40 - Some News 01:19 - A Very Brief Overview 03:52 - Why is Putin Doing This? 04:52 - Possible Outcomes 05:10 - What is NATO worried about? 05:56 - US Response 07:40 - Russia and Ukraine 10:36 - The History of NATO and Russia 12:33 - Putin’s Development 13:17 - Russia’s Objectives 14:53 - Ukraine and NATO 15:55 - Consequences of Invading Ukraine 19:44 - What is NATO worried about? 20:40 - Russia’s Military Doctrine 22:54 - Economic Sanctions 27:48 - India and Russia 29:40 - Russian Military Force 31:20 - New Style of War 33:34 - Narratives and Nuclear Weapons 34:18 - Lessons from the Cold War 35:07 - US Response 37:51 - Meme Wars 40:14 - Final Thoughts

ah, Evergrande Full piece: https://horse-quart-a62.notion.site/A... powerpoint: https://docs.google.com/presentation/...

RATS!!!! THE STOCK MARKET!!!! Full piece: https://kyla.substack.com/p/the-federal-reserves-wager?justPublished=true 00:57 - The Markets 01:31 - An Interruption 04:02 - Pascal’s Wager 05:19 - Fed’s Wager 10:12 - The Job Market 12:37 - The Bond Market 14:05 - Oil Market 17:26 - Final Thoughts

RATS!!!! ECONOMIC THEORY! I will be talking about Economic theories (starts at 03:09) The news (duh) PLEASE NOTE: This is a brief overview, and there is SO MUCH more to discuss. Think of this as the chocolate chips that make the chocolate chip cookie economic theory - it’s the fundamentals, but there are a lot more ingredients to count for! Full piece: https://horse-quart-a62.notion.site/The-Top-Economic-Theories-Explained-dfb903d440cc412486615ece09dee971

RATS!!!! Crypto 101 I will be talking about * web3 * Blockchain * Cryptocurrencies * Ethereum drama * and how to join Full piece: https://www.notion.so/Crypto-101-Guid... 00:00​​​​ - Intro 00:44 - what web3? 01:51 - web3 in action 02:14 - Blockchain 04:24 - What does all that mean? 05:05 - Blockchain Ecosystem 06:14 - Consensus Mechanisms 07:20 - What is money? 08:44 - Bitcoin 09:43 - Ethereum 11:01 - Solana 11:46 - Memecoins 12:09 - Ethereum Scaling 14:45 - Much More 15:08 - Joining Crypto 16:34 - Final Thoughts

ATS!!!! The state of energy markets and some geopolitical tensions thrown in! Ben’s Twitter: https://twitter.com/D1Wheeler Full piece: https://horse-quart-a62.notion.site/Iran-Nuclear-Deal-9b2dcbfc11a3473096059b4792207a2e 00:00​​​​ - Intro 01:13 - Iran Nuclear Deal 05:17 - What does this mean for oil markets? 09:09 - Green Energy?? 09:40 - Energy Prices in Europe 11:56 - Hi Ben 12:37 - What’s going on in China? 16:40 - How long will things continue? 18:16 - China Policy 19:57 - Taiwan 20:42 - Russia and Ukraine 23:47 - What would push Russia? 25:35 - Belarus 26:21 - China and Russia 30:52 - History of Taiwan 34:12 - Worst Case Scenario 36:36 - Tensions in US 41:04 - What does the future look like? 42:23 - Bye Ben DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

Weekly rambles Full piece: https://kyla.substack.com/p/whats-going-on 00:00​​​​ - Intro 00:46 - Energy Markets 04:28 - Europe 05:25 - Turkey 05:59 - The United States 11:51 - Jerome Powell 13:20 - New Covid Strain 14:53 - On Optimism A Small Note of Gratitude I am acutely aware of how much support I’ve had - no one has ever had to show me the kindness that I’ve received over the past few months and years. So many people have taken chances on me (my professors, Capital Group, and YOU!!) and for that, I am so eternally thankful - to the point where mere words can’t express it (the irony of the newsletter writer). This gratitude is in everything I do - everything I write, create, film - it is backdropped by the support and love of so many. I know how lucky I am to be doing what it is that I do - educating, building, learning, reading - it really is a dream. And so to you, my dear community, I thank you. For signing up, for listening to this, for caring about the markets. It really means the world to me. I hope you enjoy this channel and my other work, and again thank you, for simply being here. I appreciate you.

What is going on in oil markets??? Full notes: https://horse-quart-a62.notion.site/W... Alex Good (goodalexander: https://www.youtube.com/watch?v=m70Bc...)

Everything you need to know about the Old/New Fed Chair!! Full notes: https://horse-quart-a62.notion.site/F... 00:00​​​​ - Intro 00:17 - Who is the new Fed Chair? 00:53 - What does the Fed do? 02:58 - What happened today? 04:51 - Brainard vs Powell 05:32 - why the politics 08:20 - Whats next? 09:51 - What happens if they raise rates? 11:06 - Final Thoughts

Some thoughts on being bullish humanity. Full piece: https://kyla.substack.com/p/being-bul... Topics covered this week on Everything You Need to Know The Huge Opportunity in DAOs The Infrastructure Bill (and the history of the U.S. Government w Ben Wheeler!) The Most Important Inflation Metric That You’ve Never Heard Of What Could Crash the Housing Market A New Fed Chair!!!! There will be a new Fed Chair soon. Either Jerome Powell or Lael Brainard. So what’s the difference? Tbh, it won’t be huge - Brainard is very concerned about labor markets, and has warned against raising rates too fast in a reactive response to inflation. Brainard (if chosen) will also likely be harsher on banks, embrace CBDCs, and give more attention to climate change. The market currently sees her as more dovish (she won’t taper as quickly because of her views on labor markets) which could lead to market reacting upon the news if she is chosen However, continuity during a crisis is always a good thing - which begs the question, are we out of a crisis? There is a lot more coming. What’s Going on With the Labor Market Joseph Politano, an analyst at the Bureau of Labor Statistics, runs Apricitas, an excellent blog on the economy and recently published a piece “Americans are Quitting Their Jobs: Here's Why That's a Good Thing.” https://apricitas.substack.com/p/amer... Governance vs Government This is where the narrative of crypto is interesting - for however you feel about it, the core thesis (theoretically) is to allow as many people in as possible so they can build as many things as possible. Constitution DAO This was a group of people that wanted to buy the Constitution. They organized a DAO, accepted donations in ETH, USD, etc and got ~15-20k people to donate - and roughly 20% of those donations were new addresses. They lost because they couldn’t cover extraneous fees. It was the perfect contrast between old-world style and new-world speed. There were just a number of barriers facing them to finalize the transaction. So they lost. I don’t know if the goal was a good or bad thing, but the thing itself was an introduction to possibility. To what can be achieved through an interesting style of collaboration (whatever the end goal was). I think most of us know that crowdfunding could have achieved a similar objective, but still - this onboarded thousands of people into crypto, and perhaps woke several thousands more up to possibility. I don’t know. It was cool. It was hope, to a certain degree. I think Ken Griffin will take great care of the constitution, just interesting. Final Thoughts: We have to take care of the physical and the digital - invest in the workers who make our world here on Earth an actual reality. With that being said, there is room to reinvent the way that people think about their ownership and autonomy. Perhaps its just changing hope - rather than hoping for a lottery ticket, there is hope more bullish bets on humanity - for the potentially endless opportunities of a better future. I don’t know. It would be cool though.

Everything you need to know about the Housing Market! full notes: https://horse-quart-a62.notion.site/H... Current state of the housing market MONTHLY NEW RESIDENTIAL CONSTRUCTION, OCTOBER 2021: Housing starts slipped 0.7% to a seasonally adjusted annual rate of 1.520 million units last month. Permits for future homebuilding increased 4.0% to a rate of 1.650 million units in October. Starts have declined from the 1.725 million unit-pace scaled in March, which was more than a 14-1/2-year high. There is a huge backlog of houses authorized for construction but not yet started. Single-family housing starts, which account for the largest share of the housing market, dropped 3.9% to a seasonally adjusted annual rate of 1.039 million units last month. The fourth-straight monthly decline pushed starts to the lowest level since August 2020. U.S. single-family homebuilding tumbled in October while the number of houses authorized for construction but not yet started jumped to a 15-year high. Zoning problems, higher land costs, a lack of labor, and inflation has inflated the cost of raw building materials As Ali Wolf writes “Every top market is considered seriously undersupplied as developmental delays hold back more vacant developed lots from hitting the market and builders scoop up available lots as quickly as possible” There are not enough homes - not enough resale inventory and not enough new ones being built. What is driving what we are seeing? Low mortgage rates: 60% are below 4% - thats LOW! Also homes are expensive - 79% of all homes sold are more than $300k There is also supply chain pressure What does into housing? Raw materials: and there is a shortage in absolutely everything. See here for a full breakdown: https://www.nahb.org/-/media/NAHB/new...Labor: They are aging out and there is a lot of competition in the space. There is also pressure from money entering the market from crypto and stock market gains (which is neither good or bad, just a pressure). Build to Rent "Investors are now working with developers directly to produce build-for-rent homes that have a physical appearance closer to a suburban neighborhood, but are marketed to renters rather than owners." One in 20 new homes comes into being expressly for the purpose of rental living--almost double the historical share of new homes built for rent. The number of single-family built-for-rent (SFBFR) construction starts reached its highest quarterly volume on record during the third quarter of 2021. Build-for-rent operators snapping up 15% of raw land in Florida & outbidding home builders on deals across many markets Essentially, there are not enough homes - and its very expensive to build homes due to a combo supply chain crisis and labor/wage crunch. But build to rent is also creating headaches too.

Everything you need to know about the Baltic Dry Index! What is the BDI? BDI is simply daily dry bulk shipping rates— which reflect the supply/demand of dry bulk vessels. It's an index which measures the average cost of leasing ships to transport ‘dry bulk’ cargo (I.e. coal, iron ore, grains, etc). It measures costs of transporting various important raw materials by sea (e.g. coal, iron ore, grain) - It takes into account shipping routes, timing of delivery, ship capacity, and is a widely used benchmark in shipping. What are the ships? Capesize: the largest ships in the BDI with 100,000 deadweight tonnage (DWT) or greater. The average size of a Capesize ship is 156,000 DWT Panamax: have a 60,000 to 80,000 DWT capacity, and they're used mostly to transport coal, grains, and minor bulk products such as sugar and cement. Supramax/handysize: These ships have a carrying capacity of 45,000 to 59,999 DWT. Major dry bulk commodities include iron ore, coal, and grain - two-thirds of global dry bulk trade. Minor bulks include steel products, sugars, cement The BDI is good to pay attention to, but its not the whole inflation story. Its a divergence between things - so its expensive to be a human still, but its good to have pressure easing in some areas

Everything you need to know about the Infrastructure Bill! **NOTE: I know there are concerns about the misallocation of capital, and that this is a contentious topic. This is a high level overview of what it COULD be - and the importance of infrastructure in physical society** President Joe Biden signed a $1.2 trillion infrastructure bill into law Monday $550b in new infrastructure investment over 5 years -he $1.2 trillion figure comes from including additional funding normally allocated each year for highways and other infrastructure projects. * ensure safe travel * efficient transport of goods and services Ben and I speak at 13:31 about the economy, politics, and more. notes: https://horse-quart-a62.notion.site/T... 00:00​​​​ - Intro 01:02 - Infrastructure Bill 01:45 - An Overview 05:49 - A Kyla Aside 06:52 - Back to Business 07:26 - Labor/wage Shortage 07:42 - High level thoughts 08:24 - Spending 08:51 - How pay for? 10:39 - Crypto 11:28 - Final Thoughts 13:31 - Full Interview 14:35 - Set Up of the Senate 16:20 - What about the labor market? 18:01 - How to fix the labor market? 20:24 - Structure of the Senate 25:03 - Uncapping the House 28:14 - Attachment to Founders 30:58 - Consolidation of Power 32:50 - Short-termisim in the Political System 34:46 - Solution to Lobbying 35:41 - Puerto Rico and DC 36:33 - Breakdown of Policy 42:01 - Off-brand Story 43:05 - Best parts 44:33 - Flaws 46:32 - Bye Ben

Everything you need to know about DAOs! DAO are “a group organized around a mission that coordinates through a shared set of rules enforced on a blockchain”. At the most basic level, they use collective participation to fund things and get things done. I go on a bit of a tangent at 11:43, which you can skip if you want. Airdropping a token to everyone in the US is far from feasible, but just wanted to take some time to talk about what *could* be possible. Constitution DAO: https://www.constitutiondao.com **NOTE: This was absolutely not an ad, nor was I sponsored! Just sharing some info** notes: https://horse-quart-a62.notion.site/D... Bankless podcast: https://open.spotify.com/episode/0l2m... Episode with Cooper: https://open.spotify.com/episode/7g6X... Linda's excellent piece: https://linda.mirror.xyz/Vh8K4leCGEO0... 00:00​​​​ - Intro 00:33 - What is a DAO? 04:14 - What do DAOs do? 06:08 - How do DAOs operate? 08:53 - Examples of DAOs 10:19 - Constitution DAO 11:43 - Kyla’s Opinion 12:53 - Trad vs DAO 13:56 - Bull and Bear Case 16:01 - Summary

Full piece: https://kyla.substack.com/p/the-diver... Will the money that is generated by the meme cycle result in innovations that we never could have dreamed of? Or will there be a total collapse in faith because of the huge misalignment between expectations and calculated reality? “Life is full of strange absurdities, which, strangely enough, do not even need to appear plausible, since they are true.” ― Luigi Pirandello For as long as this absurdness can persist, I suppose. And perhaps none of it really needs to make sense at all. 00:00​​​​ - Intro 01:09 - Coin called gm 04:13 - Governance structures 06:03 - Scapegoats 07:25 - Curve Finance 08:11 - Rivian 09:03 - Spicy VC 11:29 - Divergence in Expectations 15:16 - Final Thoughts

Everything you need to know about inflation! I'm going to talk about what inflation is, what causes it, the different types of flations, the responses, the impact of inflation, as well as investing ideas for inflationary environments Notes: https://horse-quart-a62.notion.site/I... 00:00​​​​ - Intro 00:48 - What is inflation? 02:41 - Measures of inflation 06:32 - Causes of Inflation 08:49 - Factors of Inflation 11:51 - Influences of inflation 12:49 - Different types of inflation 14:56 - Inflation Responses 17:13 - Inflation Impact 18:29 - How to Invest 19:22 - Final Thoughts

Everything You Need to Know About Digital Infrastructure! Full piece here: https://kyla.substack.com This piece is sponsored by @iodigitalindex’s BYTE ETF Index. All research and views are my own, and none of this is investment advice. Interested in learning more about BYTE? Click here (I do not receive commissions on this link, just a way for you to learn more!) https://iodigitalindex.com 00:00​​​​ - Intro 00:58 - Brief Recap on the Metaverse 02:12 - Facebook's Role 03:02 - Digital Infrastructure 04:48 - Data Centers 06:18 - Cell Towers 07:53 - Semiconductors 08:56 - The Stack 10:36 - Final Thoughts

Everything You Need to Know About Roblox! Full piece here: https://kyla.substack.com/p/roblox-an... Organized notes: https://horse-quart-a62.notion.site/R... 00:00​​​​ - Intro 00:55 - Roblox 03:23 - Future of Roblox 05:13 - Differentiation of Roblox 06:45 - Roblox Economy 08:52 - Roblox Growth 10:44 - Growth Beyond 11:25 - Video Game Industry 12:28 - The Numbers 14:30 - Final Thoughts

Everything You Need to Know About Elon Musk and Tesla! Full piece here: https://kyla.substack.com/p/how-elon-... 00:00​​​​ - Intro 00:34 - Who is Elon Musk? 03:17 - Background on Tesla 04:44 - What does it all mean? 06:54 - Religion of the Meme 07:52 - Musk Meme 11:04 - Market Dynamics of Tesla 16:01 -Technoptimism 17:02 - Wolves in Yellowstone

Short-termism makes it so these boom-bust cycles have to bust at some point - we get collectively distracted by something else, and go look at that instead. But the beautiful thing about short-termism and speculation is that it allows more capital to enter the system. And there is the potential for that capital to be directed to something more productive, and to change the lives of so many people. Because we are humans, we are storytellers. We know how to create fiction - we know how to live lives driven by the collective belief of assets. Speculation is not net-bad. As Emil Cioran says: “Man starts over again everyday, in spite of all he knows, against all he knows.” The market is cyclical - we humans are cyclical, so the systems we build are too. I don’t know if it will be a spectacular boom-bust, but I do think there is a huge oppprtunity to rethink market systems and capital allocation - and design them in way that optimizes for the (rather tough) goal of happiness. I don’t know what that looks like. Maybe speculation is the future, but I do think as things crumble and current systems get stretched, we have the huge chance to rebuild them.

Everything you need to know about the Fed! From the Everything You Need to Know about series, a series of ~10 min primers on different topics across the stock market, the economy, and crypto. According to Wikipedia: The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System. And here we are now! Notes here: https://horse-quart-a62.notion.site/F...

Everything You Need to Know About the Stablecoins https://horse-quart-a62.notion.site/S... Utility token (coins are a method of payment, tokens are use cases, have more functionality) - just know that it is meant to represent $1 USD Stablecoins act as a safe store of dollar value, without the volatility associated with most other cryptocurrencies; they are also easily transferred, traded, and even sometimes used for payment (like a bank kinda)

Everything You Need to Know About the Metaverse The Metaverse is an expansive network of persistent, real-time rendered 3D worlds and simulations that support continuity of identity, objects, history, payments, and entitlements, and can be experienced synchronously by an effectively unlimited number of users, each with an individual sense of presence All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected] DISCLAIMER:This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

Lets talk about supply chains So things have been pretty weird ever since Evergiven, the og stucky boi boat - but there are a host of other problems here - that precede Evergiven Its supply and demand, its a broken transport industry, its just-in-time inventory, and amazonian expectations, and its the Federal Reserve

Memes are great. They get people invested. They allow for a certain element of growth and inflow because they are: Funny Trade FOMO fundamentals Create investable narratives Are real, because memefication manifests an element of reality So despite all the memecoin run ups, the stock market going absolutely bonkers, public accounting being a bit ~loose~, and the Metaverse likely being our future - we have to remember that even though a lot of it doesn’t *feel* real, it is. SHIB is real. It’s a meme. The U.S. Dollar is real. It’s a meme of the collective belief in the full faith and credit of the U.S. government. Accounting is a meme. It makes companies go up even when they shouldn’t. Everything is a meme! (except the supply chain) But money IS REAL (little bit of clickbait on the title). But we can’t forget at the end of the day that we *exist* feet on the ground. A bit dark - but if you die in the metaverse, you die in real life.

So whats going on here? We have bad policy (and we CAN fix this, as Huntsman outlines, as CoinCenter advocates for, etc). We have inflation - We do have rising prices in the U.S., and this is mostly a function of high demand and constrained supply chains, as well as outsized fiscal and monetary stimulus. However this is not hyperinflation - what happened in Weimar is that they were trying to spend their way out of a war debt situation, with the assumption that they would win the war (which didn’t work) and instead they inflated away their economy The main takeaway from this piece is: Policy is fundamentally broken (and we already knew that). And we know that we can fix it. We just have to engage. But policy is broken because we have forgotten about the connectors. We have become so accustomed to the “consumption on-demand” society that we operate in that we have forgotten that this society hinges on people. We have to remember people are behind EVERYTHING. Take care of each other.

Full piece: https://kyla.substack.com/p/consumpti... In partnership with https://www.simplify.us/etfs A good piece on XIV: https://towardsdatascience.com/the-xiv-meltdown-1b0608110b9f + https://ttmygh.medium.com/grant-williams-0-00-before-we-get-going-heres-the-bit-where-i-remind-you-that-nothing-we-b28f6db77 00:00​​​​ - Intro 00:40 - What is this? 01:44 - Correlation and Volatility 05:17 - Volmaggedon 07:57 - Passive Flows 09:31 - Demographics 12:31 - The Flows 15:01 - Market Structure 16:08 - Does Bitcoin Fix This? 17:36 - Final Thoughts Blog: https://kyla.substack.com Linkedin: https://www.linkedin.com/in/kylascanlon/ TikTok: https://www.tiktok.com/@ky.now?lang=en Twitter: https://twitter.com/kylascan Music by Pick Patek - My Mind Is A Barrel (feat. Raindrop Relly & Charles Hussle) - https://thmatc.co/?l=B6CED606​​​ Music by Hip Gnartic - Carnivores - https://thmatc.co/?l=8102AD70 All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected] DISCLAIMER:This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

Full piece: https://kyla.substack.com/p/consumpti... Music by Pick Patek - My Mind Is A Barrel (feat. Raindrop Relly & Charles Hussle) - https://thmatc.co/?l=B6CED606​​​ All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected] DISCLAIMER:This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

https://kyla.substack.com/p/the-theories-of-interconnectivity 00:00​​​​ - Intro 00:51 - Theories of Interconnectivity 02:07 - Financial Education 03:20 - The Theories 03:44 - The Not Enoughness Theory 08:48 - The Absurdity Theory 14:28 - The Speculation Theory 21:18 - The Community Theory 24:46 - The Influence Theory 28:06 - Flexation Theory 31:45 - Theory of Information Synthesis 34:19 - Final Thoughts

The general theory of not-enougness: We have skewed demand and not enough supply. When thinking about supply, you have to think about the inputs. For example, think about what it takes to buy an apple at the grocery store: Apple seed goes to farm, farmer farms apple tree, apple gets picked from tree, apple gets loaded into truck, truck drives to warehouse, warehouse drives to grocery store, apple gets unloaded, you pick up apple, you walk to cash register, you buy apple, you drive home. That’s a LOT. Imagine that apple process x n^100000 and that’s what supply chains are like. There are so many opportunities for things to go wrong, and thus, they often do (especially when you have exogenous shocks like a global pandemic). If all the sudden the trucks stop delivering to the stores, you can no longer purchase your apple. Bad! And that’s kind of what’s going on right now: The thing theory: People are demanding things but there aren’t enough things to produce the things (labor, machinery, trucks etc). And that compounds as people demand MORE things. This works until it doesn’t

There are a lot of questions left to answer, and web3 seeks to solve a lot of them - but in the meantime - It’s still about the story. Stripping it all away, we are seeking for the story, for the building of the ecosystem, for understanding our MAIN OBJECTIVE. And the ecosystem in which these stories are being told is growing, flourishing, and we are nearing some sort of Cambrian Explosion of content. We have the apps, the infrastructure, the tools - and we are still the singular-celled organisms trying to figure out how to use it all. We can’t be the Apple or the Enron - because we haven’t even become animal phyla yet. It’s still really early. The world has evolved before we did, and we are just now catching up to it.

But all in all, we have a lot of people exploring this decentralized, tokenized world. Money is an abstraction of value. We want to own stuff. We want to build stuff. NFTs and their weirdness are the beginning to us figuring out what that might look like. It’s cool. But there are still hurdles. We still don’t own the Internet (to an extent). But we are iterating into a world where we become the vortex - and along the way, we have to redefine what our frameworks and values are in the light of community, ownership, and finance as an increasing part of our narrative. So yeah. That’s the long answer. The market is calibrating, and euphoria is a part of that. We are figuring out how to Own the Online.

I deep dive into: The process of time Apartment decorating Being ill Nikola and Elon Musk China and GDP Growth Financial Products and Systems Beta vortexes Financial education Social investing apps The power of luxury Crypto

my first attempt at a podcast! let me know if you like the style! People are using the stock market as a way to find community. People are using it as a tool to connect with other people. That’s why you see the proliferation of social investing apps - because investing is scary and overwhelming. The stock market is weird. It doesn’t make sense. AMC is driven by narratives. AMC is driven by collective belief behind the value of an asset. AMC exists because we crave community. https://kyla.substack.com/p/is-collec...