Since the Federal Reserve was created, the US dollar has lost 97% of its purchasing power. That means a $3 item in 1913 would cost $100 today
US dollar value since 1913
Finance
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Norway's sovereign wealth fund plans deep cuts to US Treasury holdings
The Federal Reserve now forecasts a 25 basis point interest rate increase for the current month following an August jobs report that nearly tripled prior expectations
Trump said the stock market should rise like a rocketship
So X is basically rolling out its own Cash App now, with a Visa debit card, up to 6% APY, and 3% cashback on purchases. Creators in the U.S. can get paid via X Money with instant access, which is a pretty solid flex for…
Ripple and $XRP just locked in a multi-year sponsorship with the University of Florida
The belief that he could change the world and build companies took root after Jake Paul visited Silicon Valley at age 17. During that trip, he toured offices including Uber, Twitter, and Google along with other startups…
Jake Paul Silicon Valley tour
Someone brought $300 to an exchange office in Iran and received 669 million rials at the street rate. The official currency exchange rate differs significantly from that amount.
$300 to 669 million rials Iran
Apple is facing a $2.7-billion legal challenge brought by a former UK competition official on behalf of third-party app developers
Countries With Projected GDP Growth 🇮🇳 India - 6.4% 🇮🇩 Indonesia - 5.0% 🇨🇳 China - 4.6% 🇧🇷 Brazil - 2.4% 🇺🇸 United States - 2.3% 🇪🇸 Spain - 2.1% 🇦🇺 Australia - 1.9% 🇸🇦 Saudi Arabia - 1.7% 🇲🇽 Mexico -…
Ansem agrees with Robinhood CEO Vlad Tenev’s call for a supercycle “I think there’s gonna be a lot more retail activity and institutional activity this cycle for a few reasons” “Institutions-wise, the narrative of…
Ansem and Vlad Tenev discuss supercycle
Sign-up levels for social trading apps are at heights we've never seen before, and the author insists this cycle is going to be dominated by them. They're predicting parabolic growth that feels like TikTok viral or…
Social trading apps dominate cycle
Farokh on HOOD “Vlad Tenev is getting a lot richer. Other investors are getting richer. The people are getting richer…” “People who use Robinhood every day, they own HOOD. A lot of them are HODLers” “This is 100%…
Farokh on HOOD on-chain growth
Paul Kedrosky (pkedrosky) breaks down how AI spending has been behind up to 60 percent of US GDP growth for nearly two years. But the way data centers are getting financed uses the same securitization tricks that led to…
Paul Kedrosky AI bubble risks
