High Balance

If this chart is accurate, then...

🚨 THE GLOBAL MARKET STORM OF 2026 HAS BEGUN!

New macro data has just emerged and it’s far worse than I expected.

99% of people will lose everything this year.

Take a close look at this chart.

Everything starts with sovereign bonds, especially US Treasuries.

Bond volatility is waking up.

The MOVE index is rising, and that never happens without stress underneath.

Bonds don’t move on stories, they move when funding tightens.

1⃣ U.S. Treasury

In 2026, the U.S. must refinance massive debt while running huge deficits.
Interest costs are surging, foreign demand is fading, dealers are constrained, and long-end auctions are already showing cracks.

Weaker demand. Bigger tails. Less balance sheet.
That’s how funding shocks begin - quietly.

2⃣ Japan

The largest foreign holder of U.S. Treasuries and the core of global carry trades.
If USD/JPY keeps climbing and the BOJ reacts, carry trades unwind fast.

When that happens, Japan sells foreign bonds too - adding pressure to U.S. yields at the worst possible time.

Japan doesn’t start the fire, but it'll contribute to it big way.

3⃣ China

Their massive local-government debt problem still sits unresolved.
If that stress surfaces, the yuan weakens, capital flees, the dollar strengthens - and U.S. yields rise again.

China amplifies the shock.
The trigger doesn’t need to be dramatic.
One badly received 10Y or 30Y auction is enough.

We’ve seen this before - the UK crisis in 2022 followed the same script.
This time, the scale is global.

If a funding shock hits, the sequence is clear:
Yields spike → Dollar up → Liquidity dries up → Risk assets sell off fast.

Then central banks step in.
Liquidity injections → Swap lines →Balance sheet tools.

Stability returns, but with more liquidity.
Real yields fall → Gold breaks out → Silver follows → Bitcoin recovers → Commodities move → The dollar rolls over.

The shock sets up the next inflationary cycle.
That’s why 2026 matters.
Not because everything collapses, but because multiple stress cycles peak at once.

The signal is already there.
Bond volatility doesn’t rise early by accident.
The world can survive recessions.
What it can’t handle is a disorderly Treasury market.

That risk is building quietly - and by the time it’s obvious, it’s too late.
Pay close attention.

Human labor is becoming the world’s most valuable data asset.
We’re currently mispricing the future of work.
The prevailing narrative suggests that AI will simply replace human labor, driving the value of human hours toward zero.
This view is not only pessimistic, it’s economically wrong.
We’re actually converging on a reality where human data becomes a market exceeding $2.5 trillion annually.
This isn't a speculative bubble, it’s a structural necessity for the continued advancement of intelligence.
To understand this, we must look at the intersection of automation, economics, and machine learning.
1. The Trap of "Self-Learning"
There is a common fallacy that AI will eventually become a closed loop, learning entirely from synthetic data and self-play.
While synthetic data is powerful, it lacks the fundamental grounding of reality.
Without a continuous injection of human intent, preference, and edge-case judgment, AI models face diminishing returns or, worse, model collapse.
Artificial intelligence requires a teacher.
It needs demonstrations, supervised fine-tuning (SFT), and complex rubric evaluations to understand what "good" looks like.
– The Reality: Even the most advanced models rely on human-defined objectives.
– The Constraint: Intelligence cannot automate what it cannot observe.
Therefore, the limiting factor of the AI economy is not compute, it’s the scarcity of high-quality, structured human judgment.
2. The Economic Flywheel of Automation
Automation does not eliminate work, it compresses time.
When an AI agent handles the rote coordination of a project, it doesn't leave the human with nothing to do.
It allows the human to skip to the high-leverage decision-making.
This creates a permanent, virtuous cycle:
1. Creation: Humans perform a novel, creative, or complex task.
2. Structure: That task is recorded and structured into data.
3. Automation: AI learns from that data and automates the task.
4. Liberation: The human is freed to focus on the next level of complexity.
In this model, human labor creates the "frontier" of value, and AI commoditizes the space behind it.
As distribution costs collapse and availability explodes, the demand for net-new human creativity rises.
3. The Death of "Annotation"
We need to immediately retire the term data annotation.
It implies low-skill, mechanical clicking. That era is over.
We are entering the era of Structured Expert Judgment.
Consider the legal industry.
We’re already seeing platforms (like micro1) where lawyers earn significantly more, sometimes 20% premiums, by generating structured legal data than they do by working traditional hours in a firm.
Why? Because an hour of traditional lawyering solves one client's problem.
An hour of structured lawyering solves that problem AND trains a model that can solve it a million times over.
Companies will pay a massive premium for this data because the leverage is infinite.
Your labor is no longer just a service; it is a capital asset.
4. The Trillion-Dollar Math
How do we reach a $2.5T valuation? The math is surprisingly conservative.
– Global GDP sits at approximately $100 Trillion.
– Roughly $50 Trillion of that is spent on human labor.
Even if we aggressively discount this figure to account for unpriced internal data or inefficiencies, the market for human intelligence signals easily clears the $2.5 Trillion floor.
We’re moving from a world where we are paid to do things, to a world where we are paid to teach machines how to do things.
The humans who embrace this, who view their judgment as a product, will define the next generation of wealth.
Btw,
Those who still haven’t followed me will regret it massively, trust me.
$BTC