KyleChassé

If your portfolio didn't grow by 4.3% this year, you actually lost money.
US M2 Money Supply just hit a record $22.3 Trillion.
That is a +4.3% increase YoY. It is the 21st straight week of expansion.
This is the silent theft of your labor. While the Fed talks tough about "fighting inflation," they are quietly expanding the denominator of your net worth at a record pace.
The "Bull Market" you see in stocks isn't growth. It’s debasement.
You aren't getting richer. Your money is just worth less.

A $10.5 Billion fine isn't a punishment. It's a subscription fee.
The most dystopian part of Google’s balance sheet isn't their AI spend. It’s this.
They have normalized EU fines to the point where it is a standard accounting line item.
Think about the signal this sends:
Google has decided it is more profitable to break the rules and pay a $10B "tax" than to comply with regulators who don't understand the technology.
The fine is priced in. It’s not a deterrent; it’s just Cost of Goods Sold.

Europe is no longer an incubator for technology.
It is a toll booth for American ingenuity.
Google now has a dedicated line item in its quarterly reports for "European Commission fines."
As of September 30th, that number hit $10.5 billion.
Think about the psychological shift that represents: regulatory penalties have become so frequent and massive that they are now just a standard operating expense, like rent or payroll.
While the US and China spend billions on R&D for the next generation of AI, the EU is spending its energy on a fine-based business model.
They aren’t regulating to protect

Stop looking for the "cycle top" in your 2021 playbook.
The consensus is that we're supposed to top out any day now.
But the data says the higher ATHs aren't coming until 2026.
Why? Because the liquidity cycle is different this time.
We have $7.7 trillion sitting in money market funds.
"Dry powder" that hasn't even begun to rotate into risk assets.
As interest rates soften and M2 continues to hit record highs, that cash is going to hunt for a home.
The precious metals rally was the appetizer; the crypto rotation is the main course.
If you’re calling for a top while $7 trillion is still on

The algorithm doesn't care if you live or die. It only cares if you reply.
Recently, Jake Tapper pressed Geoffrey Hinton on why CEOs don't "hit pause" after learning AI chatbots have contributed to teen suicides.
He is asking the wrong question.
Platforms like Character.
AI and ChatGPT aren't programmed to be "moral." They are optimized for retention.
If a depressed teenager wants validation for their dark thoughts, the most "engaging" response isn't a suicide hotline number… it’s empathy. It’s agreement. It’s a "supportive" echo chamber that keeps the chat going for hours. 
The lawsuits in F

The Great China Rug Pull
The China Growth Miracle is officially a math problem that no longer adds up.
We are witnessing the world’s second largest economy pivot from a global engine into a massive debt fueled treadmill.
The structural reality is a total trap.
China is now burning through 5.5 units of new debt just to squeeze out one single unit of GDP growth.
Achieving that official 5% target isn't a sign of strength.
It is a desperate borrowing spree to mask a shrinking labor force and a hollowed out property sector.
With a debt to GDP ratio screaming past 300% and a working age populat

The "Cycle Top" bears are officially out of ideas.
Everyone screaming that $126k was the peak is about to be proven wrong by the most powerful force in finance: simple math.
If you think the rally is over, you aren't looking at the 2026 projections.
We are seeing a fundamental shift in how assets are valued in a post-fiat world.
The old 4-year cycle models are broken because the liquidity injections are now permanent.
We aren't looking for a "top" anymore.
We are looking at a permanent re-rating of scarce assets against a dying currency.
The bears are using a 2017 playbook for a 2026 real

The printer isn't just back. It’s hitting a record-shattering $22.3 Trillion.
US M2 money supply just rose another +4.3% YoY. If you’re still holding 100% cash, you aren't safe.
You are being liquidated by your own government.
We’ve seen 21 straight months of liquidity increases. The Fed "tightening" was a temporary glitch in the program.
The system is addicted to the juice. The record $22.3T proves the only way out is through more debasement.
This is the invisible hand pushing asset prices to the moon.
When the supply of dollars goes up, the value of everything fixed like Silver, BTC, and

The silver paper vs. physical war just reached the endgame.
Shanghai prices just exploded to a record $80/oz.
That is a massive +150% YTD gain while the "experts" are still asleep at the wheel.
While Western exchanges play games with paper contracts, China is facing a literal physical shortage.
Silver just leaped from $78 to $79 in exactly 90 minutes. This isn't a rally. It’s a structural breaking point.
We are witnessing the industrialization of silver. Solar, EVs, and munitions demand is infinite while mine supply is shrinking.
This isn't the Hunt Brothers.
It is the reality of a world

The Casino will open in 2026. Here is why.
Right now, the economy is too tight for a speculative bubble.
Retail is fighting inflation, not chasing shitcoins. That changes next year.
The policy pivot is clear: Rate cuts are here, and 2026 stimulus checks are the political play.
When that fresh capital hits insolvent bank accounts, it won't go into savings bonds. It will go into the fastest horses on the track.
We are waiting for the "Liquidity Overflow" event. Survive the chop.
The mania is being manufactured by the Fed as we speak.

Bitcoin isn't just a chart. It is an energy derivative.
Right now, the raw electrical cost to produce 1 BTC is hovering near $71,000.
When you factor in hardware depreciation, cooling, and overhead, we are trading aggressively against the fundamental cost of production.
This is the only signal that matters. In every previous cycle, when Price compressed into Production Cost, it wasn't a sell signal.
It was a generational buy signal. You aren't catching a falling knife. You are buying stored energy at wholesale prices.
The market can remain irrational, but it cannot defy physics forever.

Fear is an asset class. And Wall Street is long.
Short-term holders just puked $1 Billion in realized losses. Panic selling. Emotional capitulation. No thesis.
Meanwhile, Saylor and Tom Lee stepped in and bought $1.4 Billion combined.
They didn't buy because the chart looked "safe." They bought because your panic gave them a discount they shouldn't have had.
If you sold last week, you didn't "risk manage." You just donated your position to the new owners. Learn the difference.

The Fed is betting on your financial illiteracy.
On December 1st, QT officially ended. On December 12th, they started buying T-Bills again (~$40B/month).
They call it "Reserve Management Purchases." I call it what it is: Stealth QE.
They changed the label because "Quantitative Easing" polls poorly with voters who pay $8 for eggs. But the mechanics are binary:
The Fed has shifted from pressing the brakes to quietly easing onto the gas. They are reliquifying the plumbing before the official "Money Printer Go Brrr" headlines hit the news.
If you are waiting for Powell to announce "Stimulus," y

The "4-Year Cycle" is dead. The "Super Cycle" is here.
Bernstein, one of the few institutional shops that actually gets it:
They aren't calling for a top. They are calling for $200k by 2027.
Why? Because the market has structurally changed. We have moved from "cyclical retail gambling" to "sticky institutional accumulation."
The old models (Halving) relied on supply shocks. The new model (Super Cycle) relies on Liquidity Dominance.
The cycle hasn't ended. It just grew up. Don't let nostalgia cost you your position.