The Inversion Investor

The Inversion Investor

To the Repugnant Gold Speculator in Asia

Peter Pham's avatar
Peter Pham
Jan 21, 2026
∙ Paid

Because of capital controls, you can’t even deploy capital freely—so “investing” becomes permissioned behavior, not ownership.

Your market is in gridlock.

You wouldn’t want to hold equities long-term when the system itself doesn’t treat the stock market as a legitimate wealth engine.

Real estate is propped up by central planning.

Your currency is weakening…

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