LowryLetter (@LowryLetter) header
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Maps over noise. Cycles over narratives. Born from Occupy. Sharpened by Bitcoin. Watching the next empire fall.

Joined September 2024
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LowryLetter retweeted
For those who believe financial stocks lead the overall market, this is sorta ominous.
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LowryLetter retweeted
While everyone was focused on the NUMBER of jobs last week, what is far more important is the TREND of jobs, which doesn't suggest an economic boom is afoot. @thedailyshot
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LowryLetter retweeted
The US currency won't collapse, the US government won't default on their bonds. The economic policy is slow, unrelenting inflation that destroys the purchasing power of the dollar while inflating the value of the assets controlled by the super rich.
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Knowing less does seem an odd measure of progress.
JUST IN: Nvidia CEO Jensen Huang declares children won't need to learn basic math skills in the AI era.
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LowryLetter retweeted
The U.S. 10 year yield just exploded past 5.2% The last time we saw the yield curve behave like this was during the 1970s Middle-East wars and fuel shortages.
We're potentially right here, with the Federal Reserve doubling interest rates during a recession like 1968.
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LowryLetter retweeted
The stock market doesn’t reflect the economic wellbeing of the country anymore. It report s hyper concentrated wealth. The bond market reflects our economic health now.
Serious question for anyone actually paying attention: Fuel's climbing higher again. AI is quietly eating jobs. New wars keep breaking out. Meanwhile the stock market keeps hitting all-time highs, like everything is totally fine. how fucked are we, globally?
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INTEL: U.S. stock markets will expand to 23-hour weekday trading on Dec. 6 The SEC says full 24/7 trading could follow
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LowryLetter retweeted
UPDATE: Single family home prices in the United States over the past decade: - Priced in US dollars: +83.3% - Priced in #Gold: -47.4% - Priced in #bitcoin: -98.4% The denominator in which you price your life (and home) is critically important. Choose wisely.
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LowryLetter retweeted
Something I heard recently from a US electrical infrastructure manufacturing exec: "I'd rather have copper in my warehouse than cash in the bank, because based on what I'm seeing in supply chains, I'm concerned that cash may not be able to secure me actual copper at some point."
Copper is trading around $14,470 per tonne today, which is ~$400 per tonne (~3%) below its all-time high....despite no news on tariffs and the first Fed rate hike in 3 years. Copper is on course for a weekly gain of ~3%. This is because physical buying has STRENGTHENED this past week. The Yangshan premium, the amount paid above the London Metal Exchange (LME) price to import copper cathode into China, has increased to $124 per tonne today... the highest level since November 2022 (chart below 👇). And, the COMEX continues to trade at a premium to the LME (the 3-month is ~$140 per tonne & the 6-month is ~$400 per tonne). This is not surprising... Governments worldwide are investing heavily in grid infrastructure, rearmament and defence... while hyperscalers are racing to be the first with the largest data-centre capacity. There will continue to be significant buyers of physical copper, whether the Fed continues to hike or not.
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Big if true....
🔥BREAKING HUGE: TETHER BEGINS BUYING SILVER‼️👀 Our friend @Sorenthek has discovered from Gold.com’s filings that Tether is ⚡️ “no longer just buying gold: new Gold.com filings show its affiliate is storing, trading and leasing PHYSICAL SILVER in Las Vegas, expanding its footprint deeper into the bullion market.” There had been rumors that a big player had entered the silver market- this news confirms that the player is Tether. 🔥MASSIVE NEWS FOR SILVER⚠️ vblgoldfix.substack.com/p/th…
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It has started. It's going to get much worse. Stay tuned. rwerner.substack.com
Shanghai crude oil price now a record $135
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LowryLetter retweeted
Anyone else see a theme? US10Y >5%, HIGHEST SINCE 2007 US30Y >5.4%, HIGHEST SINCE 2004 JAPAN 10Y =3%, HIGHEST SINCE 1996 UK10Y >5.4%, HIGHEST SINCE 2007 FRANCE 10Y >4.5%, HIGHEST SINCE 2008 GERMANY 10Y =3.5%, HIGHEST SINCE 2009
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I'm with Burry on this one. Nothing they would love more than to get rid of open source AI so they can have monopoly pricing power combined with a tsunami of government money and protection
BREAKING: Michael 'Big Short' Burry says warnings from OpenAI and Anthropic on AI safety are nothing but “self-serving” IPO hype. Burry argues that calls to slow frontier AI are really about protecting incumbents as competition catches up, while hyping the idea that their technology is so powerful it could become dangerous. He says the warnings also provide “cover” for slowing growth as major AI companies prepare for potential IPOs, arguing that “LLMs are not AI and won’t be AGI.”
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This whole voluntary AI development slowdown is complete bullshit. They just can't support their planned capital expenditure burn rate w/o going bankrupt, and they can't IPO because their books are horrific. So they want to ban open source models and get a taxpayer bailout.
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LowryLetter retweeted
At 10 AM, US Secretary of Defense Donald Rumsfeld held a press conference and announced that the Pentagon has “lost track of” $2.3 trillion, which is “unaccounted for.” He goes on to highlight a number of other glaring inefficiencies in the Department of Defense.
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He forgot to mention that he was going to borrow the money to pay the "dividend' and the debt would be a liability of the citizens - and likely be financed by draining their 401ks and IRAS and pension funds. Our mothers told us there was no such thing as a free lunch and never to believe New Yorkers who tried to tell us different.
🇺🇸BREAKING: Trump promises a $5,000 "dividend” to every adult American if Republicans win Congress. Trump says every adult U.S. citizen would receive $5,000 if Republicans win both the House and Senate in November, citing the country’s “tremendous strength and success economically.”
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LowryLetter retweeted
nice to see this story go viral. odd how the bitcoin component always gets left out... but alas! stablecoin play doesnt work without it, but thats ok. thechain.wiki thebitcoin-dollar.com and many many many more articles and podcasts since 2021 on this subject! <3
I figured out what they are doing with the dollar. They are swapping it. Push the old one out, pull a new one in, and the new one hurts Americans and pays the elite every time it moves. Here is how it works: Step 1: Weaken the physical dollar abroad through Tariffs, Trade wars. Create so much friction that countries stop using the dollar in trade. They move to local currencies, gold, other systems. The dollar index drops 12.6 percent in one year. Steepest decline in thirty years. BRICS accelerates away from dollar reserves. That part looks like incompetence but if there is one thing Scott Bessent is not, it's incompetent. Step 2: Ban the government from making a digital dollar. Trump issued an Executive order in January 2025. No federal agency is allowed to build one, so the public option...the competition to a private one, is dead. Step 3: Pass the GENIUS Act. The law that creates a legal framework for private companies to issue digital dollars instead. And here is the key, the law requires every stablecoin issuer to hold reserves in short-term US Treasury bills. Lutnick and Bo Hines wrote the GENIUS Act to benefit Tether. Fun fact: Howard Lutnick's Canto Fitzgerald owns 5% of Tether and Bo Hines left shortly after the GENIUS Act was signed to be CEO of 21st Century, Canto Fitzgerald's crypto arm that Tether now owns. That means every digital dollar that gets minted automatically creates one dollar of mandatory demand for government debt. Unlike normal investors, stablecoin issuers are price-inelastic, they buy Treasuries regardless of yield because the law says they have to. Brookings projects $2.3 trillion in captive Treasury demand by 2030. So you push the physical dollar out and countries stop buying Treasuries. Then you pull it back in through private digital dollars that are legally required to buy Treasuries instead. Different dollar with the same control. Except now it is not a public system, it is a private one, and the private company at the center of it takes a cut on every dollar that moves. The private company is also incorporated in the BVI's so no regulator has jurisdiction. That company is Tether. $183 billion in dollars running through it, $13 billion in profit last year. It has never passed an audit. Co-founded by Jeffrey Epstein's crypto advisor. Reserves custodied by the Lutnick's family firm. Protected by a law that was championed from inside the White House by a man who quit one month after it passed and became the company's CEO. Scott Bessent said that stablecoin firms could buy up to $1 trillion in government debt. The European Central Bank warned this "effectively outsources parts of the national debt to the crypto sector." So in turn, our dollar gets weaker, our groceries cost more, our 401k buys less, and every time that happens, demand for the private digital dollar goes up. They get richer and we absorb the cost. That is the trade, and the people who set it up are the ones collecting on both sides. Full investigation is on my Substack. Link in bio.
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LowryLetter retweeted
Copper is about to enter a supercycle The main drivers for copper prices in the past 175 years were: - Increased industrialization and electrification - Times of war or supply chain disruptions - Post-war rebuilding See where I am going with this... This resembles exactly our current situation, just on a much larger scale. - The West has to rebuild its industrial base to gain independence from China - We are electrifying everything - We are witnessing one of the biggest supply chain disruption in history - Ukraine, Gaza, Iran, Israel, and Lebanon have to be rebuilt All while copper supply has been underinvested in for over a decade We don't own enough copper for what's coming
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LowryLetter retweeted
Gasoline prices are highly seasonal and should be falling through the end of the year. The black line is 2026, and it's now 20 cents higher than any price seen between now and December 31.
with a little over 2 weeks before Labor Day, it's looking like both gasoline & diesel averages will be at their highest ever Labor Day level. current records for highest LD ever (nominal): gasoline $3.83/gal (2012) vs $4.10 today diesel $5.05/gal (2022) vs $5.58 today
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LowryLetter retweeted
The Fed is clueless. Scott Bessent is full of sh@t. They are clueless. They don’t hold the cards, Mr. Market holds the cards. Short the Fed. Short @SecScottBessent Long GLD vs TLT. Long GDX vs TLT. THANK YOU FOR YOUR ATTENTION TO THIS MATTER LO
The Fed is all talk and no action. Inflation isn’t cooling, yet markets don’t expect a rate hike in September. Further and further behind the curve they fall - and with every delay, their credibility as an inflation fighter erodes.
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