BITCOIN > BUDGETING We’re in the looting-the-treasury phase of imperial collapse. The dynamic described below isn’t just happening in San Francisco; it’s also the $100B wasted on Californian high speed rail and the rapidly growing $35T+ national debt at the federal level. And there are at least four responses. 1) Deny it’s happening and assert that it’s just business as usual. 2) Try to valiantly fix it through the political process. 3) Give up and simply feed yourself at the trough, either enthusiastically or resignedly. 4) Starve the beast with Bitcoin, which is money they can’t easily seize or print. The last is radical but actually realistic. Because you aren’t going to defund the NGOs one by one. They are leeches attached to the body politic. SF alone is spending $10B+ per year to cover the city in syringes and feces. Now add up everything else at the state and federal level. Too many are dependents, so nothing can be cut. Thus, the spending grows to the sky. Deficits are now at $10B/day and growing. And the system is heading for a financial reckoning. We don’t know exactly when — but Dalio sees it, Fink sees it, Elon sees it, and Druckenmiller sees it. En route to that, everything gets pulled into the black hole of a ravenous state. It starts with inflation and ends in confiscation. At $10B/day, even a tech unicorn pays for just a few hours of this machine’s operation. Anything that can be seized will be consumed. Think about the freezing of Russian assets and Canadian trucker bank accounts, the weaponization of Delaware against Elon and NY against Trump, and the legalization of squatting and homeless encampments. Private property will not be protected by the state in a bankrupt Blue America. Fortunately, we have Bitcoin, which isn’t dependent on the state and can’t easily be seized. Every asset on a DC-controlled ledger may get pulled into the maw, but Bitcoin holders *may* be unaffected. Of course, it’s not going to be as simple as that. The system can’t seize Bitcoin with a press of a key, so it may resort to knocking on doors. It won’t go down without a fight and it won’t let Bitcoin holders alone. As a consequence, Bitcoin Maximalism will win many converts. But at least it’ll be obvious then that budgeting can’t save us. Only Bitcoin can.