The Overflow Mechanism

How the dollar built Silicon Valley and why no one else can replicate it

Apr 6 • Nicolas Colin

16

March 2026

What Harry Sonneborn Would Tell Sam Altman

OpenAI has a story. What it needs is a mechanism.

Mar 22 • Nicolas Colin

13

The 1979 Playbook

A late-cycle shock is landing on a late-cycle economy

Mar 8 • Nicolas Colin

17

1

February 2026

Late-Cycle Investment Theory: Winter 2025–2026 in 10 Snapshots

From stagflation signals to the electrostate, ten snapshots of a world order under strain

Feb 22 • Nicolas Colin

16

2

The Epstein Files Tell the Institutional Story of Our Time

Institutional exhaustion and late-cycle hubris turn dormant scandals into tools of demolition

Feb 9 • Nicolas Colin

18

2

January 2026

A Brief History of the Global Economy: 1908–2026

Technological revolutions have shaped the global economy—and continue to do so

Jan 26 • Nicolas Colin

19

2

1

Wealth Always Hits a Limit

Even in the AI era, accumulated wealth will meet its limits through currency, consumption…and politics

Jan 12 • Nicolas Colin

7

1

December 2025

10 Essays That Defined "Drift Signal" in 2025

How power, capital, and industry have been shifting this year

Dec 31, 2025 • Nicolas Colin

11

10 Ways to Think About China

China is optimised for survival, not efficiency

Dec 14, 2025 • Nicolas Colin

8

1

10 Ways to Think About America

The systems that built America’s success now trap it in dysfunction

Dec 7, 2025 • Nicolas Colin

10

November 2025

Barrels to Bytes

AI infrastructure and stablecoins are creating a modern petrodollar system

Published on Currency of Power • Nov 30, 2025

Can the West Avoid Fiscal Armageddon?

The West must confront structural debt, political dysfunction, and economic constraints

Nov 24, 2025 • Nicolas Colin

6