Good Evening: This evening, I did an audio reading of Postcards and talked about the greatest extraction machine of them all… The Global Monetary System, largely denominated in the dollars you work for… but they can also print. In the next phase of Postcards, I’m going to start talking about what comes next… It’s not just about having the portfolio to manage this environment and turmoil… But also the other social and political pressures that will start to build as well… Things like AI, policy changes, and what will be necessary for this system to endure. I’ll be writing the next phase over the next 16 weeks - calling these Chapters “Own the Constraint” - and taking readers on a deeper dive… And I’d love for you to come aboard… Ahead of next week’s phase… I’m making you an offer this evening… This is 65% off annually… This Wednesday, you’ll receive your first portfolio update… And a sneak preview of the outline to the next 16 editions. Not only are we beating the S&P 500 this year - well in positive territory, but we’ve also given readers the tools to wait out this process and start to plan for the next phase of this financial cycle. Thank you for your time and consideration… And… Stay positive, Garrett Baldwin About Postcards from the Edge of the WorldThe Postcards Doctrine holds that wealth, power, and stability do not persist through innovation, morality, institutions, or financial sophistication, but through control of chokepoints that remain productive across regime change. Civilizations rise and fall. Ideologies rotate. Technologies obsolete themselves. Financial instruments are rewritten, repudiated, inflated away, or nationalized. What survives is not what performs best in good times, but what continues to function when systems fail, rules change, and authority resets. The doctrine begins with a simple observation: extraction always migrates toward what people cannot avoid. Early on, extraction flows through trade. Then finance. Then regulation. Then platforms. Then metered access. Eventually, it settles on inputs that cannot be substituted, deferred, or digitized. Postcards are sent from the edge of these transitions. Each one documents a moment when the system tightens, when optionality narrows, and when value stops flowing to innovation and starts flowing to ownership. Enjoy.
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