THE TRANSITION TERMINAL · v2

The shift, measured.

Every letter's claim, wired to its number — checked against primary sources, updated from our own collector.

● LIVE · SYNCED 0s AGO · 75 YEARS OF RECEIPTS · COLLECTOR: ONLINE
SILENT TAX +0.5%INTEREST/DEFENSE 1.06× $1971 TODAY 13¢BTC MINED 95.6% USD RESERVE SHARE 57.1%CB GOLD 863T DEBT/GDP 122.6%$1 IN SATS 1,296 SILENT TAX +0.5%INTEREST/DEFENSE 1.06× $1971 TODAY 13¢BTC MINED 95.6% USD RESERVE SHARE 57.1%CB GOLD 863T DEBT/GDP 122.6%$1 IN SATS 1,296
INSTRUMENT 01 · THE SILENT TAX GAUGELIVE
Real yield on cash
−5% SAVERS PAY SAVERS EARN +5%
CURRENT READING +0.5% · one rate cut from the red zone · FRED, AUG 2026
INSTRUMENT 02 · THE TRANSITION CLOCKLIVE
Where are we?
0% OF THE WAY TO NOON
BLIND — still the majority
SCARED — rising, we are here
PREPARED — the early few
methodology: Letter #017 — five hands, one scale
LETTER 010 · QUIET DEFAULTLIVE
$0B
Interest on the debt now exceeds the entire military budget.
TREASURY MTS · FY2025 · vs $913B defense
LETTER 011 · SILENT TAXLIVE
+0%
Real yield on cash — thinned to nearly nothing.
3-MO T-BILL − CORE PCE · FRED · one cut from negative
LETTER 002 · 1971LIVE
0¢
What a 1971 dollar buys today.
BLS CPI · 1971→2026 · −87% purchasing power
LETTER 003 · DIGITAL GOLDLIVE
0%
Of all bitcoin ever, already mined. Cap never moved.
ON-CHAIN ÷ 21,000,000 · hard cap intact
LETTER 007 · DECOUPLINGLIVE
0pts
Productivity vs real pay — AI widens the gap.
BLS · split since 1973
LETTER 012 · SUNDAYTRACKING
0%
Dollar share of reserves — the slow goodbye.
IMF COFER · Q4 2025 · read it Sunday →
instruments update from our own collector · when a receipt breaks, the letter gets a public correction