Categories
Aesthetics Travel

Day 1861 and Mispricing The Market

I’m sure most of the world will be fixated on various financial corrections in global markets but I spent a chunk of my day dealing with currency changes (that will be 7% of your withdrawal thank you) that reflect nonsense from monetary arbitrages, regulatory graft and foreign exchange transactions so I’m in absolutely no mood.

Then I went to what counts as the diplomat and foreign money mall and got Pizza Hut, frozen yogurt and Korean skincare. I don’t even like Pizza Hut but I was so sick of managing dislocations and figured I’d rather send it back to America. My patriotic consumption for the day.

I don’t know if it’s an urban legend that our military can deploy food franchises in twenty four hours in a conflict zone but we sure seem to figured out emerging markets.

It’s a shame we won’t let some markets emerge and be shaped by pressures. The vape kiosk was doing a brisk business and I was frustrated to see the owner of the favored electric vape was based in Shenzen. What an opportunity lost for American brands.

I’d say half the parking lot was Mercedes and the other half was BYD if that counts for anything. I haven’t seen an abundance of American cars and I think we all know why.

But then my savior was found in a brightly colored kiosk with no customers at all. A swath of Korean skincare brands that proved to be authentic. Blessedly many global K beauty brands have adopted QR codes to manage the misuse.

I am adapt at spotting packaging dupes and frauds thanks to the de minimus years importers of fakes flooded Amazon, eBay and other retailers with third party resellers.

Everything was half off as at their full retail price they were still not moving. I scooped up $30 bucks of masks from brands like Mishha and Some By Mi. My skin was fully irritated by smog, stress, and wider disappointment. The globalization era is in full swing in plenty of markets but everyone gets their cut. If a brand doesn’t command a local market then an enterprising consumer can enjoy a temporary mispricing. Sometimes this mispricing last for far too long.

Incumbents have strange advantages they are loathe to give up. I came out angrier at banks than usual, as angry at central banks as ever, and very pleased that the local consumer base wasn’t yet wise to the benefits of a product that commands a premium elsewhere. I might go get more.

Categories
Internet Culture Travel

Day 1860 and Some Technical Difficulties On The ISP Side Perhaps

I’m not anywhere particularly unusual (a European capital) but all of my end to end encryption applications, most crucially Signal and Twitter are not working.

Nothing will send and I’m not receiving messages now either. Why? Well, I’ve got conspiracy theories but I doubt it’s sinister and I’ll boot up a VPN in the meantime if it persists.

I am nearby several embassies (of the regions you might expect to be dicey including my own) and just uphill of city’s international school so maybe one of them is being a dick.

Or perhaps the Airbnb I am using has an ISP provider that is throttling end to end encryption for some reason. For what reason I couldn’t fathom but I am annoyed. YouTube is streaming in full glory on an enormous television but I can’t text in peace to my loved ones.

So this blog post will have to serve a test post to let folks know that I am fine and anyone who needs to know where I am does which is to be fair a pretty darn small list. I’ll move if the issue persists. I’m a mere 7 kilometers away from the center of the city where the internet was working fine earlier today so I’ve got no idea why I’m having issues now. If I’d known I’d have done my writing earlier. A part of me wonders and worries about what might eventually stop my writing experiment being a communication blackout. Though I never thought I’d have a problem in Europe. That is the stuff of authoritarians right?

I have got unpleasant notions about why a European city and its nearby embassies wouldn’t wish to let people communicate freely and privately on websites with end to end encryption. It’s just amusing they are happy to let me watch Netflix and Youtube. The New York Times has no problem getting through nor my other media applications on my phone.

Having been behind America’s first freedom to compute act, I suppose I’ll let my emotions run a bit wild here as a treat. It seems especially concerning that this sort of informational throttle by big European ISPs seems possible and even likely. That embassies might want to extend a little protection beyond their very high walls seems even more probable. Which is not very nice of them.

It makes my mind go straight to propaganda campaigns and not technical difficulties. In this day and age, we should never take for granted our right to express ourselves via compute freely and privately. Stay frosty and I hope this post makes it to you.

Categories
Media Politics

Day 1851 and Sig Sad World

I’ve been rewatching West Wing, or rather doing a full watch through as I don’t think I watched the show after the firing of its showrunner Aaron Sorkin.

It is a hard watch in 2026 as themes like decorum, power, and bipartisanship are always at the forefront of the plot while they babble on about campaign finance reform and something called a budget surplus. Cue the Dowager Countess and “what is a weekend?” meme. The end of history was a fine time to be alive.

It’s like watching a lost world where we still had positive outcomes and expectations from our government even as the same basic players and issues remain the same.

I suppose I’m in mourning for an era I lived through and benefited from and yet will never ever see again. How can I possibly get worked up over cute plots over gun control and prissy liberals insulting heartland conservatives when in 2026 it’s full on Robocop meets Mike Judge Idiocracy.

The best I can do today is make a Daria meets gun memes joke as cover for my grief and sadness. It’s a Sig Sad World out there.

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Uncategorized

Day 1849 and The Great Look Backward

The ChinaTalk Substack has an excellent analysis of the “Net Left” (wang zuo, 网左). A group of young Chinese yearn for the cultural revolution era.

Accordingly to the essay, the “Net Left” traces its earliest roots to a niche group on Weibo between 2011 and 2015 known as the “Franco Left” (fa zuo, 法左).

An American social media user might notice these dates as being concurrent with the stirrings of the Great Awokening whose murky protean identity played out across Tumblr beginning in 2011-2015 as well. Oppressor and oppressed was the narrative for the identity politics which was nouveau chic branding on Marxist capital versus labor.

This simplified narrative attracted a massive influx of young people who were frustrated with their poverty and pressure but struggled to find an answer. Suddenly, the solution was no longer buried in thousands of pages of Deleuzian tomes. Everything was reduced to a single, omnipotent, and evil symbol: “capital.”

Longing for the Cultural Revolution

Even the struggles of Chinese youth sound like American Gen Z’s struggles. American youth were once pushed toward upward class mobility by The Sort.

Now they critique the high costs of that expensive competitive credentialist systems who put them in debt. Youngsters just starting out see its current failure as a mechanism for training and selecting talent and are opting for new solutions.

China has “small-town test-takers” (xiaozhen zuotijia, 小镇做题家) who don’t have the social capital to make the leap. Sounds familiar doesn’t it? In their case it is strongly gendered, which mirrors some red pill and incel culture on the American web.

Just as in America, many Chinese youth blamed capital and its elite power holders. Who needs to read dense critical theory when the warmth of collectivism is easier to understand than the Frankfurt School or Continental Marxist philosophy.

It seems all great powers are experiencing flavors of third worldism where all is “the oppressed ” and those with capital & power are oppressors. And yet Europe, ever the laggard, is trying “almost revolutionary ideas” to make them more like nimble capitalist powers.

The Europeans must be scared of the tractors I saw protesting the Mercosur trade block deal even though ironically German-Italian initiative claim their goals are making “the European Union less susceptible to pressure from trading partners and global powers” after a week of embarrassing news.

They wish to boost economic growth, calling for “an emergency brake” and a revamp of the EU budget to focus resources on making companies more competitive. I wonder who they think will run and staff these firms?

Just as the rest of the world nostalgically looks back for a leap backwards, Europe says “we want to have a fast, dynamic Europe.” Good luck with that based on the protests I saw.

At least Europe, like the Net Left and the Tumblr DSA crowd, are basing some of this on a misty eyes interpretation of a past that once was but was never quite this. The first year of Davos emerged in similar situations

Well, it goes back to 1971, which was actually another year of trans-Atlantic tension. Nixon left the gold standard. The dollar fell. The U.S. imposed tariffs on European imports. And the Europeans were totally blindsided. This German economist, Klaus Schwab, convenes this gathering of politicians and academics and business people in Davos. It gradually grows into this giant business conference that’s also an exercise in virtue signaling.

Peter Goodman New York Times “Davos Stops Pretending

Categories
Internet Culture Media

Day 1844 and Sorkin Syndrome

I have no idea how Netflix decides on its content deals but I enjoy popping into a new region and being shown classics from another intellectual property catalog than America’s list

Last year the entire Star Trek catalog from Captain Kirk to Deep Space 9 was available in Europe on Netflix. A content deal I knew wouldn’t last but enjoyed.

Who isn’t soothed watching a world where Captain Picard manages a crisis with a team of rational officers committed to collaboration and curiosity? Probably most people but I’m a nerd.

I am pleased that Gene Roddenberry gave us space cowboys and turned it into a camp art franchise for the ages. Paramount its owner is now owned by Larry and David Ellison. The IP being owned by someone made wealthy through computing seems on brand. But it also means it Star Trek isn’t going to show back up on Netflix anytime soon even in Europe.

As an owner of franchise television I understand their motives. But as a consumer it makes good sense to run your content through a VPN. As an American you tend to forget it’s necessary until a foreign government dings your social media. The United Kingdom amirite?

For normies who don’t tempt speech laws on Twitter for fun, I’d expect the benefits of a VPN would be getting to an old television show that isn’t shown in your region but maybe your average Netflix user isn’t that sophisticated. Or they want to be sure they don’t break the rules who knows where the ethics of intellectual property are anymore.

All this is to say with Star Trek gone I was curious what would replace it in my rotation of shows on Netflix but not owned by Netflix. And sure enough a new pile of content changed over in 2026 and I was given Aaron Sorkin’s West Wing on my Netflix as I moved into a new region.

That’s a fantastic world even less likely yo emerge than Gene Roddenberry’s space socialism. A world where American liberals run a coalition of competent and patriotic civil servants who are working for a patrician economics Nobel laureate who ran New Hampshire? Things really were different being the neoliberal consensus broke down.

Categories
Community Politics Travel

Day 1840 and Firm Planning Over An Abstract Constantinople

A friend of mine James Pogue published an opinion piece long in the making about a new kind of Democratic. He deeply investigates the subtly misunderstood Representative Marie Gluesenkamp Perez of Washington.

I was really moved by his sincere engagement with a new kind of Democrat who is really an old kind of Democrat who spoke to America s who lived closer to the land and took pride in a type of communal and conservative stewardship of our country.

I felt it very deeply as someone between two worlds. I sense the grief and loss I carry everyday. If the nation had chose a different path, I wouldn’t have been shunted up and out in The Sort.

Maybe I’d have married to my high school sweetheart. He’s an EMT, didnt go so far from home and is a passionate outdoorsman. We were on different paths as is clear from where I landed but my respect for the life he leads endures.

I live an amazing life with a loving dedicated husband with whom I pursue a deeply aligned set of life goals. The blessings that have been showered on me by the Sort have been substantial. We we have almost maximum freedom to pursue our lives while.

I thank God that despite the changes that have ravaged much of the America, I grew up in most of what I know is incredible agency and comfort.

But there are other Americas who are not so lucky. I hold that William Gibson saw Cyperpunk as science fiction rooted in Appalachia. I see how he writes the near future and it’s one where the past still exists but some of us have been sent forward to the future.

In his almost present maybe I’d have in-laws I grew up with and maybe I’d have my parents nearby because we’d never have lost the house in Boulder and staying close would have made economic sense. Hippies really did want that world.

Maybe a world where “right to repair” has been enshrined would have allowed me to build and own the work I could do on the farms that surrounded our defense industrial focused land grant university. It’s hard to imagine what I would do in that other America.

I’d manage the organic school farm I worked to gain permits for that my mother built from the first year. It mostly existed to produced fruits and vegetables for those who worked it. Itd a fantastical idea that has little basis in economic reality but it’s a life that would make sense to almost anyone.

But instead I was off to acquire an enormous debt that was hard for me and my family to fathom to take huge gambles that I’d be a winner. And I was.

But I’ll never have my family, childhood house, or my town back. That America is gone. And when I wanted the pickup truck of the past I had to import it from the fucking Balkans. It’s expensive to be able to repair what you’ve got.

I’m writing this from a hotel in a trade capital where Alex and I are working while doing our yearly “firm” planning for the family because it was the best place to meet up based on his travel and mine as we run the ancient trade lines that have always ruled the world. That we can plan is a dream.

We aren’t aristocracy but agents of them. And if they ever tried to take our trucks or our guns what else would we have left but being “in service” and tut tutting over a lie of moral superiority for having achieved high rank by serving our betters.

I’ve never felt more America than in this moment, even though I’ll never ever get back the American whose logic forced me into achieving a bigger life than I’d ever imagined.

I just happen to know that it was achieved at the expense of my home and my family and a future that would have also been a life of beauty and meaning close to the land and a town that has benefited from an American government that worked a little bit more for the people around me.

Just because I have thrived doesn’t mean the cost wasn’t great. That would be a dismissal of the material reality that I know to be true. But isn’t it nice that I will be treated as a respected trader representing capital interests in some great capital. It’s freedom most certainly, but not the freedom that America promised. That one might be a little less grand. It’s a little bit firmer. And I am in the realm of the abstract.

Categories
Culture Politics

Day 1834 and Oops All Reactionaries

A running joke personal joke I have when frustrated by humanity is that every movement compelling enough to reach any scale reveals itself eventually to be “oops all reactionaries” The bigger the thing or the deeper down you go and eventually with fractal consistency “oops, all reactionaries!”

Anytime I have really hard contact with reality this turns out to be true. Reality has been particularly harsh over the last couple decades insofar as materialism has gone for the species.

I have been shielded from reality by the gracious people of the United States of America. And even then if you look too closely “oops all reactionaries!”

I think “oops, all reactionaries” turns out to be a decent lens for assessing our past, present and probably future. If it’s any good it has a core that should concern if you take it too literally. You then have to decide how seriously to take their literalism. If you get it wrong you might wake up dead.

Which I don’t love. Most people just want to go along to get along. Which isn’t to say that getting along in America is easy. We are a surprisingly competitive place for the richest nation state to have ever existed among a bizarre republic of slowly expanded frontiers and boomtowns. So we’ve got plenty of pockets where reality has always been all reactionaries.

We’ve hit our limits a million times and still have shockingly low density. Being an industrious people who enjoy markets this has worked out relatively well for the “empire” and it’s people.

America! It’s not bad and I recommend it even if we do functionally have feudal lords in the form of capital, labor and land managers at various levels of public and private parcels. But being civilized people trying to make a buck we really don’t like it when the shock troops are deployed at home.

We do seem to be ambivalent about it being deployed abroad. This has been my Ted Talk on homeland security. Really though beware the politics of wealthy heiresses.

Categories
Aesthetics Politics

Day 1833 and Noriega 2 Maduro Boogaloo

We’ve had a couple of market trading days to adjust to the new world order being “absolutely no order” and it mostly seems fine. American can capture cartel leaders/heads of state that she dislikes. Weird but so far fine.

The only metaphors are crude puns (see what I did there) and Marco Rubio does every job memes. From the Golden Era of Iran-Contra to Manuel Noriega, it’s never been a better time to have an opinion on the Monroe Doctrine or a LatAm portfolio. Did you know Ollie North married his former secretary this summer? Fun!

I myself have none of this knowledge so the best I can do is imitate Mickey Rooney’s Breakfast at Tiffany’s character saying, “Donroe Doctrine.” Not very funny I know.

Yellow face being racist, perverting the Monroe Doctrine into a pan-Asian accent inflected Capote character is definitely cancel worthy but if you can’t imagine it I’m sure generative AI would oblige.

What’s worse is that my stupid inner monologue mimicry made me I wonder if Xi Jinping has enough of an accent when speaking English for Donroe Doctrine to be amusing. Americans never know these things. Neither does Reddit

Being profoundly American, this is all upsetting except where it is amusing, because the chaos era is firmly here and it’s hard to make any predictions, first derivative included.

That the world is chaos is now such common knowledge that it’s the stuff of moderate Substack consensus intellectuals.

I used to do more victory laps about how my own investment thesis is predicated on increasing chaos. Now I’m just reminded of how much I didn’t want to be right about my own thesis when I started.

Hopefully that hasn’t affected my capacity to stay ahead of the game. The numbers look good but the final score remains to be seen.Because as they say, “hate the game, not the player.” I’m playing to win.

As if we don’t win at making better technologies that stabilize our world then we all lose. I am a progressive when it comes to investing in new technologies that improve material conditions.

We won’t look at Uncle Yud as fondly as Uncle Ted when it’s time for eulogies. We will conclude that Chesterton’s Fence included a bit too much in the enclosure even if strong fences make for good neighbors.

Being a reluctant conservative makes it worse that I love being first. I am a hipster in an era without use for hipsters except the knowledge of what is about to make money. Hipsters are a useless bunch except as fashion editors or as capital stewards.

I happen to own the domain chaotic.capital. You’d think this would be proof positive of being a progenitor or originator of this investment thesis, but it’s such a common sense worldview now it’s about as useful as an NFT after the 2022 crashes.

I have bragging rights and my own metrics page inside AngelList. Which isn’t nearly as much fun as I expected it to be. It’s not bad having some financial flexibility from making good calls, but my primary problems remain health not talent so it’s less enjoyable than I presumed. Thankfully that means I will continue at it based on my own pace and instincts. Good luck out there!

Categories
Community Politics

Day 1829 and Frigid Individualist, Snagging and Bagging Narco Terrorists and 2026 Forever War Time

The New Year shouldn’t really get going until after Epiphany. I’m not a Catholic, but I think the Holy Nights are a time for prayer and looking inward.

Alas, we seem to start the new near with a bang every year now. Concerns about Iran’s currency crisis was the big story in geopolitics as the chattering classes concerned themselves with socialist mayors in America were going on about collectivism’s warmth. I will take frigid individualism thanks to

Today I woke up to news of an early morning “snag and bag” of the President of Venezuela Nicholas Maduro and his wife being taken my American troops to stand trial.

The front page of the New York Times around 11am GMT

I’m in Europe so we had a bit more time with the news before Trump addressed the nation. It’s a little chilly where I am and I’m still worked up about the the warm fuzzy communism of the Zoomer youth who seem to think all problems are solved with more money and never seem to realize that it comes at gunpoint.

And despite running on an explicitly anti-war platform, Trump is now giving a press conference suggesting American oil companies are up for a forever war run by Marco Rubio. Rough day for our Secretary of State who is also probably as worried about Iran as anyone.

I suppose it’s now or never for a number of things. Toppling regimes named as narco-states and cutting off oil and capital flows as China does exercises in the straits. Things are malleable indeed.

Categories
Politics

Day 1828 and Collective Warmth

I feel lucky to have acquired an education that taught enough of totalitarian history that I feel I can paraphrase Walter Benjamin.

I’d used to say well we all know “fascism is the aestheticization of politics” because academics helped me to be skeptical about theory and Marxism.

Benjamin saw the logical result of fascism is to introduce aesthetics into political life. A hundred years later we have cultural war politics to serve as spectacle instead of transforming material conditions.

So I’m exactly the sort of person who came to the end of Gramsci’s Long March and wanted to understand Frankfurt School academics viscerally. I like to be on the ground when I learn.

So I am horrified to have spent my New Year’s in Sarajevo only to see a socialist taking on the mayoralty of America’s most important financial center.

To go from seeing the history of a hundred years of European continental war to watching bratty millennial nepotism play act at collective action is frankly not a positive development.

Millions of Europeans did battle with communism and in America we are so coddled the swearing in ceremony of New York City’s democratic socialist mayor is celebrated.

“We will replace the frigidity of rugged individualism with the warmth of collectivism. – Mayor Zohran Mamdani Inaugural Address

If misery loves company then we should all suffer equally is a less aesthetic way of saying we are all in it together. Or as Sebastian Junger said “It was better when it was bad”