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Yet another Fed decision that just reminds me of why I love Bitcoin in the face of endless monetary debasement. The Federal Reserve just voted to keep interest rates unchanged, even as inflation remains elevated. Their stated objective remains 2% inflation, measured using the Personal Consumption Expenditures (PCE) price index. I want everyone to understand what this actually means over a generation. At 2% annual inflation, the U.S. dollar loses 32.7% of its purchasing power over 20 years. That's a 48.59% cumulative increase in consumer prices. A basket of goods costing $100 today would cost $148.59 in 20 years. And that's assuming the Federal Reserve achieves its inflation target perfectly, every single year. Now consider where we actually are. The latest PCE data shows prices increased 2.43% during the first eight months of 2026. Annualized on a compounded basis, that's 3.67% inflation. This is the Federal Reserve's own preferred inflation measurement, running at an annualized pace substantially above its stated target. Now consider the consequences if that rate persisted. At 3.67% annual inflation compounded over 20 years, the U.S. dollar loses 51.37% of its purchasing power. The cumulative price increase would be 105.62%. Your $100 basket of goods would cost $205.62. And here's where the mathematics becomes extraordinary. The median existing American home currently sells for $417,500. If home prices appreciated at the same 3.67% annual rate, that home would cost approximately $858,467 in 2046. That's nearly $441,000 in nominal appreciation. And the real, inflation-adjusted appreciation? Zero. A house could more than double in nominal price over a generation without increasing in real value whatsoever. We spend our entire lives accumulating dollars, negotiating raises, building home equity, and measuring our financial progress using nominal figures. Meanwhile, the purchasing power of the unit we use to measure that progress continuously deteriorates. And even if the Federal Reserve achieves exactly what it considers price stability, that still means nearly one-third of the dollar's purchasing power disappearing over 20 years. At the current annualized PCE pace, that hypothetical loss exceeds half. These aren't exotic assumptions or complicated financial models. They're the mathematical consequences of compounding inflation, calculated using the Federal Reserve's preferred price index. Debasement is terrifying. Thank God for Bitcoin.

🚨NEW: HMRC's letter to wealthy Britons demanding detailed information about their financial arrangements has been revealed

Want to have your mind blown? In 1971, the median household income was $9,030, or 220 ounces of gold. In 2025, it was $87,460, or just 25 ounces of gold. Your paycheck went up 10x. Measured in gold, it fell 88%. To earn what the median household earned in 1971, you’d need about $890,000 per year today. That’s what fiat debasement looks like.

Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10. Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years. Now, we’re building a fusion reactor in San Francisco to achieve record power density.

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UPDATE: I can confirm that the Ledger supply chain is compromised in Europe as well. @Ledger should initiate an immediate product recall to protect users. I just purchased a second device from a different Mediamarkt location today, recorded the unboxing process, and discovered spyware once again (video linked in the second tweet). The device was compromised in the exact same manner, featuring identical modifications (such as additional cables and an LTE module). This indicates its a widespread issue rather than an isolated incident, potentially affecting Ledger inventory across MediaMarkt and Saturn stores throughout Europe (comprising over 1,000 stores across 11 countries). My initial hypothesis was that these devices were returns that looked unopened to the employees and were just sold again as new however, a MediaMarkt employee confirmed that the device I purchased was not a return, and that returned Ledgers are sent directly back to the manufacturer rather than resold. Store records show the inventory originated from Aqipa GmbH. While Ledger's CTO was unsure if Aqipa serves as the direct distributor between Ledger and MediaMarkt, it appears to be the case. Given that Aqipa distributes across Europe, any physical retail store receiving stock through them may be at risk. I sent the first ledger to mark and the second one is going to ledger now, so that they can analyse it. If you purchased a ledger from anyone other than the official ledger store, make sure to check your device!!

Having been the only country to dox all known crypto holders to organised crime groups, France now wants a list of everyone holding €100k+ of Bitcoin in self-custody If you don't declare it: €10,000 fine If you do declare it: Wrench attack / kidnapping Can't make it up