The Kengly Letter

capital flight cascade

Concepts · wiki reference

Definition

The recurring three-step trade pattern that fires when the framework reads HIGH shock on any theme: (1) Out of assets exposed to the sovereign-aggression source — the thing being hit; (2) Into the network buffer for that regime (gold for monetary / geopolitical, duration for rate-policy, defensives for cyclical-policy); (3) Then-into a later-cycle “adaptation infrastructure” asset once the immediate shock decays — historically Bitcoin / non-sovereign stores in this cycle, but the role (decentralised parallel network) is what generalises.

The cascade has predictable tempo: out-flow is fast (days to weeks), buffer-demand peaks within the shock window (weeks to months), adaptation-infrastructure demand builds slower and persists (months to quarters).

Why it matters for investors

The cascade is a template the daily-post engine fills with the live shock. The world view holds the template; the post fills the names. Most newsletter position cards take one of these three positions explicitly — long buffer / short exposed / long adaptation — calibrated to the shock geometry.

Cases we’ve covered

(empty at seed)

Distinguishing tells

Misuse to avoid


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