Tag: Immigration

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Finance Politics

Day 1857 and We’ve Got to Talk About Kevin

My husband was joking with me that he’d been arguing, in the way that men do, about what the state is or is not obliged (or allowed) to do about the movement of the capital class and where they keep their resources.

Capital flight and asset diversification are not just individual decisions but increasingly society ones as well. And it’s not just the wealthy who are worried.

This discourse emerged in the middle of the intense upswings in gold & silver prices subsequent profit taking and draw downs.

• Gold ran to roughly 5,600 USD/oz before sliding 7–10% in a day, still leaving it massively higher on the month.
• Silver briefly traded above 120 USD/oz, then fell 15–20% and is now back under the 100–110 area, which technically puts it in a short‑term bear move after a parabolic rise

These actions were stirred up by debate on Federal Reserve independence (ameliorated somewhat by the new chair Kevin Warsh over Kevin Hassett), China’s buying patterns (both official & wealthy retail) in precious metals and what these two interconnected news items might mean geopolitically for regular people. See this on buying in Australia and on China’s flows for more context.

From remittances to capital controls, the debate is particularly spicy as the dollar has been made to trade deliberately lower for the export agenda, rising remittance dollars (and debate on what’s missing in tracking them) has upset many Americans, and the money printing of the Biden years has raised awareness of inflation and national debt.

Obviously it has been a combustible mix. And thus we see renewed interest in decentralized assets and hard commodities. And then, of course, there has been the trial balloon floating in California of a wealth tax. What should we do about our most moneyed citizens and what do they owe. We tax income not wealth and that change is likely to have huge repercussions.

It seems perfectly sensible that anyone who has dollar denominated assets might be concerned about where that currency is headed, who is benefiting from the changes, and what on earth the Chinese are up to both as a people but also as a nation with unclear monetary goals and tensions between its leader and its military.

Ultimately though this is an incident about the dollar, its long term value, who will oversee it (and which Kevin was meant to have the gig) and where wealth can and cannot go to deploy itself in an era where the rules based order and Bretton Woods are no longer a given.

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Aesthetics Travel

Day 1848 and Call To Prayer

The call to prayer echoed out as I stood underneath one of many loudspeaker towers bristling with surveillance equipment.

Strong winds buffeted cell equipment and 360 degree video eyeball cameras as the firm melodic voice of the muezzin recited out the first words of the Adhan.

“Allahu akbar”

I wonder how many cameras were scanning my face as I watched the speaker quiver from the wind and snow as I shivered waiting for the black Mercedes driving me to Istanbul went through giant X-Ray machine.

Loudspeakers and surveillance cameras

I briefly let my eyes scan the area to see if this prayer would delay my transit across the Turkish border. I was in no-man’s land between Greece and Turkey and I felt alone. I prayed. God is the greatest.

I saw no one rushing to prayer rooms or unrolling prayer mats. Maybe others were praying as I did. Silently inside the privacy of their own mind. The siren indicated the giant car X-ray was on.

A kind of Doppler effect buffered the prayers from each tower over the sound of alarm, layering prayer and warning as sound rose and fell over my head.

I switched on my Bose noise canceling headphones and closed my eyes. I went to wait out the cold in the duty free but the smell of the perfumes made me nauseous. I went to the bathroom feeling ill. I finally found the prayer rooms. I was still the only one there.

I found the prayer rooms next to the bathrooms at the Duty Free shops inside.

This was my second time driving to Istanbul through the rolling coastal mountains of the Balkans into Greece. I had not expected this kind of life for myself but I seek to be exploring far reaches in this life and little of it makes sense. I experience reality as closely as I can.

To be a traveler to the crossroads of the great empires is a privilege for princesses not a lowly citizen but here I am. An America woman with a passport has power even a Venetian trader did not.

How long that lasts I can’t really say. Even in the panopticon of the crossing I felt safe but the world is in a strange place. Still for now I was welcomed. Constantinople welcomes all travelers.

Three hours later the open roads of Turkish farmland slowed to potholes and frantic taxis gummed up by city traffic. Istanbul drivers are terrifying. Each near miss I found myself saying God is great. Praying that I would make it to my hotel. That feeling would last through every taxi ride I took.

EDFM techno radio and a tricked out taxi expressing his love for the American Cadillac

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Chronicle Culture Travel

Day 1820 and The Christmas Story Is About Systems of Record

The Christmas story is almost too layered to with truth to hold any but universal mythic truths this far from its historical origin.

We hear parables of the unexpected guest who arrives late at night seeking shelter. We are taught about the faith we must have in our families even when they ask us to believe in the impossible.

But today I think of how even two thousand years ago, Christ’s birth was a story about record keeping and census taking.

The Gospel of Luke (2:1) says Caesar Augustus issued a decree that “all the world” should be registered, so “everyone went to their own town to register.”

Imagine putting a pregnant woman on a donkey just to be sure you’ve got the proper tax regime in place. Empire is as Empire does.

In America the census comes to you. In Rome the census journey was the means by which Jesus’ birth occurs in Bethlehem, aligning the birth story with messianic expectations.

Death and taxes being the only reliable thing under the sun, I’d probably want my system of record keeping for a miraculous birth to be tied to such reliable means. Even then history isn’t quite sure about this specific census.

Why am I thinking about systems of record keeping on this holy day? Well I suppose it’s because on religious holidays days I have the space to consider what our future systems of record may be and how we will weave together the miracles that may show us the future of who we are to be as humans and as Christians.

Accounting and record keeping are relatively new inventions in the grand scheme of human development. Tribal knowledge assumed we could keep track. Empires needed a bit more structure and a lot more systems of record keeping.

What will we need as the nation state change and reform and the empires of this century are formed more by context graphs and nodal pathways than census takers and taxmen?

We are reinventing the living records of decisions we once traced through men of power and means but are now stitched through corporate entities, personal trusts, accounting norms and our attempts to find sources of ground truth we can all agree upon.

Trust and power dictated that in the past but now we need new ways. We must explain not only what happened but how it happened and verify it across decentralized systems in open systems even when much of our knowledge is tied in closed systems and protocols whose rules we’ve never fully articulated expect to a few high priests how they run run.

Technical documentation becomes precedent as Jay Gupta of Foundation Capital said in a thread. I bet he didn’t expect that to end up in a Christmas story either. Funny how life and history works isn’t it? Merry Christmas to us all. And may the day bring you tidings of great joy. Or at least a protocol handshake that is a bit easier than heading to Judea by donkey.

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Emotional Work Politics

Day 1770 and Making Suffering Worthwhile

A long time ago, in a past life so foreign I can barely recall, I made some bad choices in the hopes that I was making good choices for the people I loved.

I froze eggs and embryos with my husband thinking that some day we’d have the money, health and stability to have children.

That day never came. And it’s unlikely to change. My health is what it is and I won’t ever be able to carry them. We’ve spent a small fortune trying to get me healthy enough just to go back to work and being healthy enough to carry just didn’t happen in time.

The high costs of surrogacy are daunting and the extra help I would require to raise them isn’t forthcoming. Being somewhat disabled means I’d need a lot of help and not the kind you can easily pay.

The extended family who does want to help and raise them (not blood family but nevertheless family) has never succeeded in getting a visa approved for so much as a vacation in America. So that route seems rather shut and has remained a small beacon of hope that seems ever less likely.

I could go abroad and raise children near them but that would be admitting defeat on a level on life in America that feels like dying.

My husband wouldn’t be able to come. We have a home and a life and careers in America. Funny how we don’t really have family in America that cares one way or another though all our existing blood relatives are American it’s the extended not quite family that seems to care most about family.

So a day after a socialist won the mayor’s race in New York City I have to ask myself how can we make the suffering of so many feel worthwhile? What did I achieve through my sacrifices? What did America achieve with our choices that can be seen as worthwhile? if those questions cannot be answered I don’t know where America goes from here.

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Chronicle Travel

Day 1743 and Noticing Anarcho-Tyranny Through Habits

I’m coming up on the 5-year mark of writing every single day. It doesn’t feel like I’ve been at it that long, if I’m honest with myself. When you commit to doing a basic task as a daily habit, you don’t expect it to change your life.

I’m not actually sure that writing every day has changed my life, though I think I’ve gotten better at the process of writing and the habit of finding space to think, organize, and get my thoughts together. That is a positive change.

When I first started, there were a number of goals I had in my life that seemed a lot more achievable than half a decade of writing.

Once you’ve achieved such consistency, you notice how little gets done in other areas when you regularly do things for yourself. One of my goals that I’ve had almost as long as this blog was a visa for family friends so they could travel freely to America to see me just as I see them. Pandemics and problematic presidents sure slowed that down and now I despair it will ever happy.

I honestly had no idea that the United States was so broken in its state capacity that granting a travel visas would consume more time than blogging and I’d achieve much less working to obtain a visa for years as its functionally impossible to get a legal visa.

Here I am with all of this writing (fantastic training date for an artificial intelligence) and yet I’d still have failed at obtaining a travel visa for family friends. We have so much power and yet not quite enough to get around America’s failures.

Maybe this is why projects like the Network State appealed to me. I’ve worked on policy like the Right to Compute which has taken on more and more meaning as I go through my life.

I can’t believe I was able to pass a bill into law before I could get the state department to do its job. And government workers wonder why some of us wouldn’t mind if they got fired.

I know I can rely on my own skills, my capacity to use the hardware and software at my disposal, and that the currencies of the web will happily engage with me in trustless and transparent manners.

This is not something I can guarantee when working with the United States and our State Department. It’s a hard thing to look at straight on as it traps me and my family into a kind of anarcho-tyranny where because we follow the law to the letter we are discriminated against while others brazenly broke laws.

High trust people who display their commitment daily are worn down by this bitterly painful reality that what we put in doesn’t guarantee us all that much when the state is concerned. We move fast and keep at it. The American state department moves slow and failed at every step of the way.

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Homesteading Politics Reading

Day 1733 and Classism’s Comeback

The American Dream is one of those rare myths that shapes itself to the moment.

Anyone can make it here evolved to “owning your own home” and even stretched to sending all of our children to college. I’m just not so sure it can expand to fit the world of perpetual voyeurism of the networked world. A chicken in every pot just isn’t good enough anymore.

Our inalienable rights matched reasonably well to “making it” as an ideal given European feudalism and religious wars. Class held back the basics of self determination and fear stifled worship. Setting sail before America was birthed deserved quite a bit of credit.

And of course more yearned to be a part of the dream. The homestead act giving anyone the chance to stake their claim on western land could be understood in a fit of manifest destiny even if it turned out the land was occupied. Making it meant making it your own. Property rights are as American as Apple pie.

You can see how our human wants remained boundless even centuries ago. America was ready and able to deliver it. We weren’t comparing ourselves to Kings or Kardashians.

It’s hard to say where we are now. We stack ourselves against each each instead of against ourselves. We aren’t yearning for our natural rights. Inalienable rights to life, liberty and the pursuit of happiness have turned to desire.

The American Dream means desirable outcomes and social status items like Ivy League degrees, large homes in beautiful places and access to the finest surgeons and latest medical advancements.

I’m not one to talk as I sit looking out over the mountains, having used the latest and great medical advancements and also prepare to relax into some of medicines oldest and truest forms of healing.

The networked world has created endless opportunities for us all and many of them are quite a bit easier than tilling the frozen prairies of the Dakotas but it’s oh so hard to turn away from the addictions of envy and desire.

It’s my theory that we will see a return to hierarchy and classism as it becomes clearer that the temperance movement has barely begun when it tackled gin and tobacco.

Focusing feels impossible to so many of us so even if you could acquire a home or the best medical care can you manage the bureaucracy. Reading bedtime stories to your children is a privilege says the headlines of the latest academic papers. Food systems have given us abundance so great we are killing ourselves.

So what happens next? If you cannot focus on a goal of your own why not simply take one from someone else? If you can’t manage the paperwork or the reading why not outsource it to an artificial intelligence?

And then you realize all of these things are not really what you want. What you want is to be better than someone else. Was that always the American dream? Or is that the human condition holding you back? The freedom to pursue liberty is still your inalienable right. Unless you can figure out what that means to you someone else can always make you feel small.

Categories
Finance Politics

Day 1729 and 6% of GDP Buys Quite A Lot

While I’m not economist, because, well there wasn’t money to pay for graduate school, so I could not dedicate myself to the study of monetary policy. I had to go make money in the markets like a capitalist should.

So I’m aware that my thought experiment is not how any of this works, it’s against free market principles to arrange markets like this, but let’s do a thought experiment about buying back our industrial capacity.

Being inspired by Roon’s tweet about Silicon Valley’s grand tradition of acqui-hiring and taking seriously the thesis of Dan Wang’s book Breakneck.

That “industrial process” is a technology that lives in the heads of people and that it was a mistake to let so much “low value” industry be offshored due to the loss of tacit process capital

So what kind of companies would America want to acquire if we were so inclined to pursue a strategy of industrialization? Our biggest success is that we are a highly financialized economy.

So why not use that cash to buy some shit? I know I don’t like planned markets either but for our industrialists let’s say we find a way for America’s markets to buy us back some process knowledge.

Let’s take a stab at what we’d even want in that day. For me my starting point is the top ten Korean chaebols, we take back AMD from Europe (we licensed it anyways) and look to acqui-hire former Nokia Finnish & Baltic system engineers.

Now maybe you want 1 or 2 Indian pharmaceutical generics providers to come to American. And for fun let’s buy the Japanese fastener company YKK. And also buy back the meatpackers. I asked Grok what it would cost and I was honestly pretty pleased by the price tag.

Based on current data (Sep 2025):

  • Top 10 Korean chaebols (flagship mkt caps): ~$879B
  • AMD: $261B
  • Nokia: $26B
  • Top 2 Indian generics (Sun Pharma, Cipla): $61B
  • YKK: Private (N/A)
  • Major meatpackers (JBS, WH Group): $30B

Total: ~$1.26 trillion. Note: Estimates for groups; exact values fluctuates

We would probably need to buy the shareholders and the workers so let’s assume it’s kind of a buyout but you are getting the talent too.

We get the best possible new Americans and we make their shareholders money. Capitalism buys American bonds. Usually. So then I think how much of our GDP would that be?

Current US GDP (2024): ~$29.2 trillion. 2025 projection: ~$29.7T. The $1.26T total is about 4% of annual GDP. Affordability for acquisitions would depend on financing, government subsidies, or private capital, but the economy’s scale makes it feasible in theory

Now I start to get greedy. I want the top 10 best Shenzhen manufacturers and asked for Grok’s best estimate on cost. No facts checked here it’s vibe economics ok?

Based on Sep 2025 data and estimates (public caps in USD; privates approximated via valuations):

  1. Huawei (telecom/electronics): ~$300B (private)
  2. BYD (EVs/batteries): $133B
  3. Luxshare Precision (components): $70B
  4. Mindray (medical devices): $41B
  5. ZTE (telecom equip): $25B
  6. TCL Technology (electronics): $20B
  7. Inovance (automation): $20B
  8. Goertek (acoustics/wearables): $15B
  9. Sunny Optical (optics): $12B
  10. Han’s Laser (laser equip): $6B

Total est. acquisition cost: ~$642B. Feasible under your presumptions, ~2% of US GDP

So just vibe economics here but like how much did we spend on pandemic stimulus?

Total US COVID-19 fiscal stimulus (2020-2021 packages) was about $5.6 trillion, per Tax Policy Center estimates, including spending and tax relief. That’s roughly 19% of current GDP—way more than your 6% shopping list. Feasible in scale, if the will is there!

So again just vibes not how it works but stay with me here to keep the American consumer spending (which I am not saying didn’t work because it did) but we spent 19% of our GDP in stimulus. And we didn’t get better companies or better Americans.

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Travel

Day 1715 and My No Good Horrible Very Bad Transit Day

As I often do on transcontinental travel days, I wrote my post for the day first thing in the morning. I wasn’t sure how the journey would go so I thought “let’s post this early” in case things get hairy. And boy did it.

I was leaving Europe just as Poland closed its airspace after a Russian drone attack. Tensions were already high as Israel had attacked Hamas inside Qatar’s capital of Doha. Greyzone war that blur attacks on national sovereignty through target or weapon choices make everyone twitchy.

It’s a weird thing to complain about air travel on 9/11, but I don’t think much of the security theater we’ve accepted over the years did much to keep my transit safe yesterday. Twenty four years later we go through the motions of keeping air travel safe from terror because what else are we going to do?

In fact, it didn’t seem as if security was particularly tight yesterday so much as particularly incompetent. It was chaotic confusion everywhere from passport checks to boarding flights.

I had a Frankfurt to Chicago polar day flight, along with a positioning flight on each side. I went through a lot of security screenings and passport checks yesterday and stood in more lines than I can count.

In Frankfurt the lines were so long that even with planned two hour airport transit time, I was among the last to board my flight.

The “special purposes” line I begged my way into as my inbound was delayed by fog was glacial in its pace. It seems the new transit grift is wheelchairs. So perfectly abled people are now pretending at disability to board early and use special security screening lines.

It left wishing I’d registered my real disability as I attempted to run the two miles of the international terminal with suitcase and backpack torquing my spine so I wouldn’t miss my flight to Chicago.

Deplaning at Chicago I couldn’t even count the full set of wheelchairs waiting.

Add in enormous confused families using the special purpose line, who spoke neither German nor English, with 3-4 bags a piece and every sort of banned item from pocket knives to 1.5l bottles of liquids and I am shocked anyone made it through security to their flights on time.

I watched a foursome of black Arabic speaking grandmothers in hijabs and wheelchairs shouting at German security guards and their extended families as I waited for my turn. Their fierce attitudes did not speed anything up that I could tell.

I saw them 9 hours later gathering somehow even more checked luggage upon arrival in O’Hare. I’m glad my Global Entry let me pass them by at passport control as I did not want to be behind them again.

Not that I got through Chicago’s security lines unscathed. The TSA pre-check lines were four times as long as the regular line. Figuring I was well packed I could handle the normal line. Naturally I got randomly selected and unpacked basically everything

As I stood in my socks waiting for the agents to stop gossiping and listen to the only working agent explain to them that “yes that the ice pack was for medications so they can move this along” I got an alert on my phone that the conservative political organizer Charlie Kirk had been shot.

I wandered in a daze to the United club where I was denied entry. This despite booking a business class ticket for the entire transit through their own hub via their Star Alliance partnership with Lufthansa, I couldn’t use the club as “the last leg of my flight didn’t qualify.”

I knew this was possible as this last leg issue happened to me on my last transit through O’Hare so I’d bought a day pass ahead of time. But they weren’t honoring those as it was too busy. I schlepped to another club in the terminal where they were still letting in day passes. There I listened to scared speculation from two blonde women about Mr Kirk’s status.

Another hour later I made my way onto my flight to Montana. I decided to just jump to the front of the line as I was in first with seat 2B. If everyone is ignoring lines then it was irrational to keep trying to politely queue.

As the plane boarded it was all talk of Mr Kirk. A news alert crossed my phone saying he had been killed.

A gentleman was playing a video of stitched together angles of footage on his phone with full audio on. You could hear the bullet hit again and again.

The cabin attendant told him to turn it off, saying sir please have some respect for the dead. A few hours later, still living, I made it home to Montana.

Categories
Culture Media Startups

Day 1709 and Love is Blind UK and Better Late Than Single Failures as Global Cultural Mirror

It’s no secret I have come to love the sub-genre of reality dating shows about new ways of dating in the social media era.

I’ve watched every single episode of Love is Blind including the international versions as well as the matching shows that range from religious matching to cultural affinities and disabilities.

I am having a rough week what with my own chronic health challenges and the death of my father over the long weekend. My husband is also brutally ill with the flu. So it’s just generally 2025 on maximum. All brakes and no gas.

So I took a break from reality. to watch the reunion for Season Two of Love is Blind: UK aka the working class multicultural Manchester season as well as test out a South Korean dating show for forever singles or motae-solos in Korean called Better Late Than Single.

Now I’m a middle aged elder millennial who turned over into her forties with ten years of marriage so keep that in my mind. My husband and I met through a mutual friend and now I wonder if we were on the last helicopter out of Saigon.

We worked in the nascent New York startup scene. Over the course of two birthdays, a year apart, for that same friend, we got our act together (ok I did) and began dating.

A few weeks before we got engaged, that same friend showed us this new dating app called Tinder. We laughed at the bare bones profiles as were used to involved questionnaires from OKCupid.

Many of our friends had worked for the dating holding company juggernaut of Barry Diller’s called IAC. The founders of the OKCupid subleased space from Alex’s startup. Dating app culture was part of New York startup culture.

It’s clear that these applications have left a cavernous void in the culture of mating and dating not only in America but across the world. From Raya to AMANDA (a very judgmental Korean dating app) we’ve found all the ways to maximize for the most superficial aspects and signifiers of a person.

Some cultures seem to have taken this to extremes. On rainbow coalition class coded Manchester season of Love is Blind: UK we had Indian posh girls dating down class half Pakistani guys and Albanian girls falling for Lebanese guys. It was a clusterfuck. I won’t spoiler anything but the disposable attitudes clearly came from long habit you associate with dating application culture.

Meanwhile the forever singles have taken the opposite approach. Rather than sweetly autistic singles being helped along as Love on the Spectrum does, social media personalities roast painfully awkwardly awful members of the opposite sex fail to listen to each other. Holding eye contact and grossly insulting someone via misunderstanding was the tone.

If those media pieces show anything it’s the utter lack of tenacity being displayed by everyone involved. Sure, someone willingly going on a reality show is extreme. But the deep desire to be seen and loved goes beyond any culture or awkward social technologies. We’d all do with learning to fight more for love and family.

Categories
Politics Travel

Day 1170 and The Machine

I hate failing. The sense of doomed futility I have when I interact with the broken bits of the American bureaucracy weighs on me. Every time a crucial piece of the business of government fails I feel helpless. Like I am a loser.

I feel deeply that the machine has ground out some remaining spark of hope in me.

“It’s the hope that kills you”

Phrase Ted Lasso ain’t too crazy about

I spent some time today feel like it was the hope thar kills me. I felt it deeply.

But I couldn’t wallow in it. Being made victim to a system is awful but I am not a victim.

Some time passed and I reminded myself that while I can accept finite disappointment, I can never accept losing the grace of an infinite capacity for hope.

“I think it’s the lack of hope that comes and gets you. … See, I believe in hope. I believe in belief.”

Ted Lasso

I’ve written a lot about how broken the process of coming to America especially when you try to do so legally and transparently. It’s a challenge to get even basic travel documents like tourist visas.

I see cases on socially media daily of award winners, brilliant engineers, academics, and simple good faith aspirants who wish to spend time with the American dream and are denied.

I have hope that we can recognize that tourists, students, entrepreneurs and others that genuinely wish to contribute to our nation deserve an efficient transparent system that lets people come to America.

It should be unacceptable that these systems are unaccountable and impossible to navigate. It shouldn’t feel like we are living within a Kafka novel when getting a visa. This is America not the Soviet eastern block.

I believe that the network state is coming for badly run governments. But it cannot come soon enough. It may sound dramatic but consider that venal, impossible to navigate and expensive government serves none of us and harms the markets, businesses and people. It’s an embarrassment to our national character.

The longer we tolerate these state of affairs the closer we edge to anarcho-tyranny. When the government and help you but it can hurt you. We should be ashamed as Americans that we let this monstrous machine do us so much harm.