Fiduciary advisor integrating Bitcoin into financial plans. 21st Financial LLC is a state-registered investment adviser in North Dakota. NFA.

Grand Forks, North Dakota
Joined May 2020
I don't think it matters who you vote for in two weeks. In my view, neither party gets us out of this debt. By the Treasury's own count, Congress has raised, extended, or redefined the debt limit 78 times since 1960, 49 of them under Republican presidents and 29 under Democratic ones. That count doesn't include the 2023 or 2025 actions: the limit was suspended under Biden and raised $5T under Trump. Total debt hit $40.39T on October 16th. The limit Congress set in 2025 is $41.1T. I think the real issue is fiat currency. Fix the incentives of the broken system, and everything else falls into place.
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Sources for the October 20th update: __________ U.S. Treasury, Debt limit (78 actions since 1960): home.treasury.gov/policy-iss… Congressional Research Service, Debt Limit Suspensions: congress.gov/crs_external_pr… U.S. Treasury, Debt to the Penny: fiscaldata.treasury.gov/data…
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Government regulation and micromanagement of the economy go against the forces of nature. France's public spending equals 57% of its GDP, more than every EU country but one. Last year French governments at every level spent €771 billion on payouts like pensions, health care, unemployment, and family aid, plus €65 billion in interest on their debt. Public investment, everything from roads and schools to military equipment, came to €132 billion. Payouts and interest were more than six times that. The debt reached about €3.6 trillion by the end of June, and the government projects €91 billion in interest next year. On Saturday, French authorities counted more than half a million marchers. You can't really shift the budget anyway, because the incentives are misaligned. Payouts win votes now, and fiat currency lets governments borrow the difference and push the cost into the future. To me, the root problem is fiat currency. No fiat currency has ever succeeded. It is a failed experiment. I think the U.S. is headed down the same path, and I think savers end up paying for it through a weaker currency.
Around the world the protests are said to be triggered by “higher prices and less access to services”, and while those symptoms are real, the cause is hidden from the uneducated masses. A look at this chart reveals the root cause: The State Anything the state touches gets more expensive. They add demand without adding supply, and worse, their regulations and incentives cause supply destruction. Anything the state stays away from, and markets can move more freely, prices go down, access becomes cheaper, food become more abundant. The chart makes it simple to grasp: Capitalism is the force that drove down the price of almost everything it touched. The state is the force that blew up the price of almost everything it captured. And young people blame the first for the crimes of the second. Why? Because the education comes from The State. Public school, govt supported universities, gov funded media, training the masses to look at everything through an “Oppressor v Oppressed” lens. Because it’s never your fault, always the fault of someone, something, we need to be able to blame something. And the State is never going to educate you to look at them as the problem, in fact… most inside The State aren’t even aware themselves. But it all boils down to the most simplest of ideas, economics 101 Supply V Demand So we need more supply than demand, and the chart shows us, we need less state intervention to get there. Less gov funded demand Less gov boots on supply
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Sources: __________ INSEE, public spending by EU country, 2025: France 57.2% of GDP, second only to Finland: insee.fr/fr/statistiques/238… INSEE, 2025 national accounts: social benefits €771.0 billion, interest €64.7 billion, public investment €132.2 billion: insee.fr/fr/statistiques/899… INSEE, public debt at the end of Q2 2026: €3,595.5 billion, 119.0% of GDP: insee.fr/fr/statistiques/905… JeChange, October 15th, 2026: interest of €91.2 billion in 2027 across all public administrations (State alone: €72.9 billion): jechange.fr/credit/news/char… IFRAP, October 15th, 2026: the €91.2 billion covers all French public administrations: ifrap.org/budget-et-fiscalit… Al Jazeera, October 18th, 2026: 550,000 marchers by the authorities' count: aljazeera.com/news/2026/10/1… Educational content. Not investment advice. 21st Financial LLC is a state-registered investment advisor in North Dakota.
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"Deciding that oil, or natural gas, or land, or machinery is capital, but Bitcoin is not capital is a value judgement. [MSCI] is acting like an unregistered financial advisor. I think it's a bad precedent for them and for the industry." — Michael Saylor
'Digital credit is the product... We are not a holding company, we're doing things with the capital.' Michael Saylor says he's 'disappointed' in MSCI, which may remove his company from its indices this Friday bloom.bg/4hNQqwY
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Charlie Andrys | 21st Financial retweeted
Good morning. This morning's surprise CPI suggests surging energy costs are the main driver of higher prices of virtually all goods and services. Unfortunately for the Fed, they cannot print oil and higher rates will not bring down the price of gas. Have a great day.
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Fiat money and its consequences. One income used to buy a house and raise a family. Now it takes two, and plenty of couples can't afford kids at all. Fix the money and families get easier to start.
The nuclear family structure is disappearing across the country, per Institute for Family Studies.
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Overspend and risk destroying capital, or hold back and risk falling behind in one of the most important technologies in history?
BREAKING: The AI boom will most likely destroy massive amounts of capital in the US in the longterm, as cheaper, open-source Chinese models capture market share, per Jefferies.
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Any other bank would be insolvent. The Fed books its losses as a "deferred asset" and keeps going. Nothing stops this train.
The worst bond trader in history? The Federal Reserve. They bought trillions in Treasury/Mortgage bonds in 2020 when yields were at all-time lows. By this June, they had amassed $878 billion in unrealized losses. And that was BEFORE 10-year yields surged above 5% & mortgage rates above 7%. You couldn't lose this much money if you tried.
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Relentless execution from the @Strive team lately. Was wondering if a product like this was coming.
Strive is offering $SATS through an IPO available to select investors. - 15% fixed-rate perpetual preferred stock - Cumulative dividends paid every business day - Junior to SATA INVESTOR PRESENTATION TIMESTAMPS 00:00 - Introducing SATS 01:46 - Executive Summary 18:50 - SATS Improves SATA 21:06 - Dividend and Balance Sheet Strength 27:33 - Performance and Liquidity 30:48 - Bitcoin Thesis 40:26 - Amplification and Risk $SATS $ASST $SATA
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The oldest own the assets new money lifts first. The youngest are still trying to save their way in with dollars that lose value every year. That's not a generational failure, it's a monetary one.
BREAKING: Young Americans are falling further behind. Change in median net worth by age since 2022, per the Federal Reserve: 75 and older: +37% 65–74: -4% 55–64: +3% 45–54: -6% 35–44: +5% Under 35: -23% The youngest households saw the biggest drop of any group, while the oldest saw the biggest gain
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Last Friday we put Bitcoin in the @21st_Financial logo. The middle bar is orange now because there's Bitcoin in how I think about money, and client accounts I manage have Bitcoin exposure. The money supply is the reason. M2 was $8.3T in January 2009, the month of Bitcoin's first block. This August it was $23.3T, about 2.8x. Bitcoin's limit was just under 21M on day one and it still is. I was involved in traditional finance and obsessed with markets for years before I discovered Bitcoin in 2022, so I know both industries in and out and how they're going to connect. I talk to advisors who've done this for forty years, and most of them can't tell me why Bitcoin belongs in the conversation at all. It's also fallen more than 70% before and it can again. Every plan I build has to survive a drop like that, not predict it.
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Sources for the October 12th update: --- M2, seasonally adjusted, Federal Reserve via FRED fred.stlouisfed.org/series/M… Bitcoin's first block and its 21 million limit en.bitcoin.it/wiki/Genesis_b… en.bitcoin.it/wiki/Controlle… Bitcoin price history (Coinbase daily, via FRED) fred.stlouisfed.org/series/C…
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Charlie Andrys | 21st Financial retweeted
In case you needed a reason to take bitcoin seriously:
In case you needed a reason to take investing seriously:
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Charlie Andrys | 21st Financial retweeted
Replying to @ColeMacro
Great minds think in orange.
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Treasury still carries its gold on the books at $42.22 an ounce, the price Congress set in 1973. Judy Shelton, who's argued for gold-linked money, now advises Treasury on currency policy.
Thinking something like that. But in 2026. Stay tuned.
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The young didn’t fall behind on accident. Fiat money lifts the price of homes and stocks, which older Americans already own. People under 35 pay those higher prices without owning much of what went up.
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On January 3rd, 2009, someone using the name Satoshi Nakamoto mined the first block of Bitcoin. Inside it, they left the front-page headline from that morning's Times of London: "Chancellor on brink of second bailout for banks." Since then, we've watched more bailouts, more debt, and more money created by a small group of people making decisions for the entire world. New money reaches assets first, so stocks, real estate, and businesses climb in price, and the people who already own them get richer. Wage earners fall further behind as the same inflation pushes up their groceries, rent, and every other bill. We believe that widening gap is behind so many of the problems families face today. Bitcoin's supply is capped at 21 million. Nobody can print more of it, and anyone can use it, regardless of race, religion, or beliefs. We believe that can be a force for positive change in a world that feels less certain every year. That's why the middle bar in our logo is now orange. It's our commitment to build plans for everyday families around money nobody can print. Bitcoin has fallen more than 70% before, and it can again, so we plan for the drops too. Client accounts we manage have Bitcoin exposure. Educational content. Not investment advice. 21st Financial LLC is a state-registered investment advisor in North Dakota.
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I highly doubt either party fixes Social Security before it has to. The last big fix came in 1983, when estimates said the retirement fund could run out of money as early as that August. The trustees' 2026 report has that fund, which pays retirement and survivor benefits, running out in late 2032. After that, the taxes coming in cover about 78% of scheduled benefits at first, and less later, unless Congress changes the law. On a $2,000 monthly check, that's $1,560, or $5,280 less a year. The 1983 fix raised the full retirement age to 67 for anyone born in 1960 or later. People born in 1960 were 22 or 23 when it passed, and the first people the higher age touched didn't turn 62 until 2000. If a retirement plan only works at 100% of the estimate, I'd want to know that now.
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Sources for the October 9th update: 2026 Social Security Trustees Report (retirement fund: fourth quarter of 2032, 78% payable) ssa.gov/oact/TR/2026/II_A_hi… 1983 Greenspan Commission (fund estimated to run out as early as August 1983) ssa.gov/history/reports/gspa… 1983 Amendments summary and full retirement age by birth year ssa.gov/history/1983amend.ht… ssa.gov/oact/ProgData/ar_drc…
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