Topic: Red Note

American TikTok users are migrating to the Chinese app Xiaohongshu, known as "Red Note," following potential U.S. bans. Viral clips from the app portray China as a high-tech utopia with affordable housing and healthcare, which the hosts identify as effective CCP propaganda. The app is gaining traction among "TikTok refugees" seeking a connection to ordinary Chinese citizens.

Adam Curry revisits a prediction from his "Red Book" regarding the potential banning of 500 Euro notes. He cites a recent BBC report suggesting that these high-denomination bills are primarily used by organized crime for money laundering. Curry argues that banning the notes is a bookkeeping trick to shore up European bank balance sheets.