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Ménage à Doge

It's ALL Risky
It's ALL Risky
Last week, the media attacked Elon again, trumping up a new sex scandal.
He brushed it off, but the ongoing hit pieces are a sign of a larger cultural shift.
Let’s take a look at how the world of media is splitting in two, why Elon sits in the middle, and what it means for Doge.

Ménage à Doge
Last week the Wall Street Journal published a story claiming Elon had an affair with Google founder Sergey Brin’s wife, resulting in the end of their friendship.
The morning that the story ran, he called the story fake and tweeted a picture of himself partying with Brin from the day before.
He criticized the Journal‘s sloppy reporting in a tweetstorm.
Admittedly, the wording of Elon's denial leaves open the possibility of a sex party scenario.
Admittedly, the wording of Elon's denial leaves open the possibility of a sex party scenario.
The WSJ stood by the story and claimed “We are confident in our sourcing.”
A lawyer for Brin’s wife denied there was an affair and called the accusation “defamatory.”
The media has had knives out for Elon since he said the Democrats were the party of "division and hate."
The media has had knives out for Elon since he said the Democrats were the party of "division and hate."
The Big Split
The Elon-WSJ spat is a microcosm of a bigger change: the media is splitting in two.
Regime media is the ecosystem of Fox News, WSJ, CNN, MSNBC, NPR, NYT, Facebook, and fact-checkers like Snopes and Media Matters.
Opposing them are the sovereign influencers: everyone from Rogan to Tate to entrepreneurs hustling merch on Twitter.
The main difference between the two groups is their attitude toward speech. The online sovereigns want to talk about everything under the sun, while the regime likes to keep a tight lid on what gets discussed, and how.
Over time, as the number of forbidden topics has mushroomed, the two sides have grown more opposed.
Lately, sovereigns are setting their own agenda for the news, especially through memes.
The regime really wants people to be scared about Monkeypox, but for the most part the Internet DGAF
The regime really wants people to be scared about Monkeypox, but for the most part the Internet DGAF
The influence gap is widening. A June Gallup poll showed trust in TV and newspapers hit new lows, while small businesses were rated as the most trusted kind of institution.
As legacy media hs struggled, it’s lowered its standards, deploying clickbait, hoaxes, and other dubious tactics to keep their control on the public narrative.
It's reasonable to wonder if regime media has lost its moral compass
It's reasonable to wonder if regime media has lost its moral compass
Elon sits in the middle of this meme war, playing the role previously occupied by Trump: a public figure with a huge, devoted following who routinely violates the official narrative.
A 10 but can't define recession
This week, the two sides fought over the definition of the word recession.
New GDP data showed that the US economy had its second straight quarter of negative growth, normally the textbook definition for a recession.
Before the data was released, White House spokeswoman Karine Jean-Pierre declined to define recession when asked by a reporter. The same day Joe Biden said, “we’re not going to be in a recession in my view.”
Then, the White House released a statement claiming the textbook definition of recession did not apply.
unusual_whales
The White House is arguing against the technical definition of a recession. https://t.co/5zFqavvEy1
On Tuesday, WH economic advisor Jared Bernstein clarified that ihe definition was wrong: “Two negative quarters of GDP growth is not the technical definition of recession.”
So far, media has run muted reporting about the possibility of recession.
The content moderation policies of Facebook and Twitter are designed to amplify official narratives
The content moderation policies of Facebook and Twitter are designed to amplify official narratives
At another moment in history, the GDP data would’ve triggered headlines announcing a recession.
The fact-checkers sided with the media, labelling the claim that the White House was trying to change the definition of ‘recession’ as “False.”
In the world of sovereign influencers, most agreed a recession was the right word for what has been going on.
On Wednesday, the fight tumbled into Wikipedia, which updated the definition of recession and locked the page.
The ‘recession’ battle is the latest in a series of attempts to update the definitions of words on the fly to reflect the new thinking.
So far, the sovereigns aren’t fooled.
All Roads Lead To Doge
The regime’s hold on the narrative is weakening. Same with the monetary system.
Both are backed by trust in the regime itself, which has lost credibility with the public.
How long before the sovereign influencers recognize Dogecoin as the superior form of money, and transition to the Doge economy?
This global transformation in consciousness away from regime narratives is taking place one Shibe mind at a time.
The online sovereigns have time and technology on their side. Over a long enough duration, victory is almost certain
All roads lead to a new world, new narratives, and Doge.
Dogey Treats: News Bites
Elon tweeted “Heatwave in Shortville” as Tesla rose sharply. He also posted a video of Floki and Lil X, and wondered if life on Earth is an alien soap opera. He posted memes about trolling, Americans in prison for marijuana, his accomplishments 2022, and video games.
The Apes enjoyed a surprising victory when a court ruled that a new type of order to counter hedge fund front-running was legal. The exchange that created the order celebrated.
MyDoge said “We’re at version 0 of what shibes can do with memes at MyDoge. Of course, there will be at least 69 versions.”
The new Dogecoin.com website went live.
China’s gold imports are rising. A report claimed China attempted to build a network of informants within the US Federal Reserve. Nancy Pelosi visited Taiwan on Tuesday amidst rising Sino-American tensions. Pelosi was one of a number of US politicians to trade tech stocks before passing the $280 billion CHIPS+ bill.
A campaign to free Julian Assange throughout the month of August is associated with the hashtag #AssangeAThon.
The meme “ok, groomer” has been banned by Twitter.
Gucci now accepts ApeCoin through BitPay. The Bored Ape Gazette is a new newsletter funded with ApeCoin.
The Dogecoin community uncovered a ponzi scheme using the Doge network.
As part of a crypto giveaway, Chipotle tweeted a meme of a Shiba Inu on top of one of their stores.
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Memes of the Week
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DisclaimerThis is not financial advice and I am not a financial advisor. The article above references an opinion for entertainment purposes only and it is not investment advice. Always assume that the author of the article is actively trading and that the opinions expressed may be biased towards the author’s holdings. Do your own research and consult with a licensed financial adviser before making any investment decision. Do not treat any opinion expressed in this newsletter as a specific inducement to make a particular investment. Content, news, research, tools, and securities symbols are for educational and illustrative purposes only and do not imply a recommendation or solicitation to buy or sell a particular security or cryptocurrency or to engage in any particular investment strategy. The information provided is not warranted as to completeness or accuracy and is subject to change without notice. The projections or other information regarding the likelihood of various investment outcomes are hypothetical in nature, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not guarantees of future results. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, cryptocurrency, or financial product does not guarantee future results or returns. Dogecoin is a speculative and highly volatile asset susceptible to pump-and-dump schemes.
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