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Earlier today DoorDash announced that they have officially partnered with Klarna to offer their customers the ability to cover the cost of their orders with interest free “buy now, pay later” (BNPL) loans. Yet another late stage fiat indicator that signals to me that all is not well. Things are pretty bleak when DoorDash has to offer their users the ability to take out short term loans for dozens of dollars to buy food so that they can eat between paycheck.
We can be generous and say that DoorDash could be doing this to expand their total addressable market by including people who would use the app if they had the ability to pay back over time, but I can’t imagine this is a customer demo that will drive meaningful sustainable revenue. The truth is, the Common Man in America is on the ropes. He has been bombarded by a centrally planned economy since 2008 that has led to an accelerating debasement of his purchasing power, he has been forced to compete with an influx of immigrants driving wages down, and he has watched as the forces of the federal government and the Federal Reserve have tilted the Game of Life in favor of wealthy asset owners for the better part of two decades.
Secretary of the Treasury Scott Bessent said on a media tour last weekend, the American economy shouldn’t be based around the concept of “Let them eat flat screens”. The American Dream is centered in the belief that anyone who is so motivated and determined can put in work to make a better life for themself. Unfortunately, as it stands today, the Common Man doesn’t even have the luxury of “Let them eat fast soy slop delivery” without having to take out a no-interest rate payday loan. Due to the mismanagement of our monetary system and the complete hollowing out of the economy Main Street is on its heels.
This is a very interesting time for DoorDash and Klarna to rollout a product like this when you see the data on charge-off rates being released by Discover and Capital One.
For those who are unfamiliar with "charge-off rates", they measure the percentage of outstanding debt that lenders deem to be uncollectible. They represent customers who have run up credit balances and stopped paying their bills for a considerable amount of time. The fact that DoorDash and Klarna are releasing a BNPL product with charge-off rates approaching levels that haven't been seen since the years leading up to and immediately following 2008 is very alarming. It also signals that they may be seeing similar charge-off rates with their longer-term credit lines for bigger ticket items and have decided to move down market to smaller ticket items with a higher likelihood of getting paid back.
This is an incredibly sad state of affairs. It truly feels as if we're on the precipice of another credit crisis. This time driven by an American consumer who has been dragged through the mud over the last 17 years. 2008 was driven by wild speculation on real estate. It looks like 2025 will be driven by people doing what they can to survive as they wait out the minutes between their paychecks.
We desperately need to fix the money and begin rebuilding the American middle class. The rise of "Luigi populism" is a sign that there are many in the country who would like to see a French Revolution in 2025 in the United States. Nothing makes this clearer than the subset of people who are terrorizing Tesla owners across the country and calling for the death of Elon Musk due to his work with DOGE, which has unearthed an obscene amount of overt fraud within the federal government.
There are so many people across the US who have completely misdiagnosed the core of the problem within our society as "late stage capitalism". Nothing could be further from the Truth. You cannot have true capitalism if your monetary system is centrally planned. Full stop. Money is the most important tool we use as humans. It is the pricing mechanism of everything that we touch throughout the economy. The central planning of our monetary system is what has led to the ever increasing wealth gap over the last century. To bring back capitalism, we need to fix the money. This is why we bitcoin.
What’s so utterly disgusting about today’s discourse is that tens of millions of people have been thoroughly brainwashed into believing the government is the solution to the wealth gap and affordability crisis when it is the arsonist who lit the fires of inequality and fraud via mass theft.
To anyone out there reading this who believes that Capitalism is the problem and that the government is the only way to make things right in the world, I implore you to take some time to seriously dig into what is being laid bare via DOGE and other things like the JFK files and then ask yourself whether or not you truly believe the government has your best interest at heart.
Why are people like Chuck Schumer, Nancy Pelosi and Hilary Clinton screeching about what is happening right now? Do you think it's because they truly care about your well being or is it because their grift is getting exposed?
We've gotten a bit off track, so I want to bring it back to the core of the problem. Money is broken. This is evident by the fact that DoorDash feels the need to offer their customers BNPL loans to buy a meal from Shake Shack. The problem will not be solved by more government and central bank intervention. It will only be solved by adopting a better money as quickly as possible.
The world needs bitcoin now more than ever.
Mel Mattison's Bitcoin price prediction is based on rigorous technical analysis that's already proving accurate. He identified a historical pattern showing a $44K spread between Bitcoin's 2021 monthly high ($61K) and 2022 monthly low ($16K). Adding this $44K spread to the previous high projected a target of $106K, which Bitcoin hit almost precisely. Now, Mel forecasts another $44K move upward from $106K, putting Bitcoin at $150K by the end of 2025.
"My 2025 year-end target is $150K. I think we could do more than that, but I still think we're looking at $150k Bitcoin by the end of the year." - Mel Mattison
The current market retracement to about $83,774 (within $100-200 of Mel's projected 50% pullback) further validates his model. This technical precision, combined with catalysts like sovereign wealth fund inclusion, regulatory clarity, and institutional adoption, creates a compelling case for Bitcoin's continued upward trajectory. While market volatility is expected in the near term, Mel's analysis suggests we're setting up for substantial price appreciation in the second half of 2024 into 2025.
Check out the full podcast here for more on tariff impacts, Treasury policy shifts, gold revaluation strategies, and the shifting global monetary order under the Trump administration.
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