Alaa Elagha

[Alaa Elagha @AlaaElagha]

In modern day USA, american citizens are taxed either way!

[Luke Gromen @LukeGromen]

Trump gave pretty good summary of it in Jan-2025:

"It's time for the US to return to the system that made us richer & more powerful than ever before…1870-1913…Instead of taxing our citizens to enrich foreign nations, we should be taxing foreign nations to enrich our citizens."

[Alaa Elagha @AlaaElagha]

@benjamincowen FIFA ahould just award the world cup to the US… maybe stamp Trump face on it and even change its name to TFWA (Trump Football World Association)!!!

Just stick to bitcoin tweets… will you!

[Alaa Elagha @AlaaElagha]

@LukeGromen Wouldn’f this simple explaination suffice: the dollars are printed by the gov / fed / banks, but these barrels are exported (and dollars collected) by the Exxon’s, eg. two separate entities?

[Alaa Elagha @AlaaElagha]

@LukeGromen Are these excerpts from your newsletter?

[Alaa Elagha @AlaaElagha]

@scottmelker @saylor Couldn’t be said better or clearer…

[Alaa Elagha @AlaaElagha]

@WatcherGuru Did anyone expect him to say otherwise!

[Alaa Elagha @AlaaElagha]

@coryswan @real_vijay Totally

[Alaa Elagha @AlaaElagha]

@WatcherGuru Very smart!.. if you do not vote for mamdani and u hate him so much that u go to Texas if he wins… u get taxed 100% as a thank u for not voting for him…super smart indeed

[Alaa Elagha @AlaaElagha]

@livebookdev Lovely

[Chris Menahan 🇺🇸 @infolibnews]

😂

[Alaa Elagha @AlaaElagha]

@CarmineSabia They did for more than 1600 yrs but ass-kissers like you choose to keep their heads deep inside zionists asses

[أنس الشريف Anas Al-Sharif @AnasAlSharif0]

Important – Please share and tag all press freedom and human rights organizations

Once again, the Israeli army spokesperson has launched a campaign of threats and incitement against me because of my work as a journalist with Al Jazeera.

I reaffirm: I, Anas Al-Sharif, am a journalist with no political affiliations. My only mission is to report the truth from the ground — as it is, without bias.

At a time when a deadly famine is ravaging Gaza, speaking the truth has become, in the eyes of the occupation, a threat.

[Alaa Elagha @AlaaElagha]

@LawrenceLepard It does not matter how smart or dumb he is, they all regurgitate what the boss says.. period

[Alaa Elagha @AlaaElagha]

@LynAldenContact I hope the “netwok effect” accelerates that to millions of copies. It is one of the beat books, if not the best, on the subject. Well written, concise, factual and very accessible to anyone to understand. Congrats

[Alaa Elagha @AlaaElagha]

@samcallah Tells you how much confidence they have in the global monetary system!

[Arnaud Bertrand @RnaudBertrand]

This is batshit insane, no other way to call it.

We now have the first attempt by the White House—specifically by Steve Miran, the Chair of the Council of Economic Advisers—to justify the tariffs based on economic "theory", and it's without a doubt the most dishonest piece of economic reading that's I've ever had the misfortune to lay my eyes upon.

The gist of Miran's argument is to reposition the global reserve currency status of the dollar not as an exorbitant privilege (as erstwhile French President Valéry Giscard d'Estaing once characterized it), but as somehow a "burden" that the rest of the world needs to compensate the US for bearing.

As Miran explains it, having the dollar as a reserve currency "has caused persistent currency distortions and contributed, along with other countries’ unfair barriers to trade, to unsustainable trade deficits" which "have decimated our manufacturing sector."

So he wants to give up the reserve currency status of the dollar, right? Wrong. He wants to have it both ways.

He says that America's "financial dominance cannot be taken for granted; and the Trump Administration is determined to preserve [it]" but this same financial dominance "comes at a cost" and "other nations" need to pay for it.

And he means this literally. He made a list of what exactly he means by "burden sharing" and one of the forms it can take is countries "simply writ[ing] checks to Treasury that help us finance global public goods."

Let's pause a moment here to contemplate the sheer insanity of this: the U.S. is literally suggesting that countries should mail checks to the US Treasury as tribute for the 'privilege' of maintaining the dollar as a global reserve currency, when it is this very reserve status of the dollar that is the cornerstone of US power.

It's the equivalent of Samson asking everyone to pay him to keep his hair.

Because that's what Miran is conveniently not mentioning in his text. The reason Giscard d'Estaing called it an "exorbitant privilege" is that it allows the U.S. to quite literally have its way of life subsidized by the rest of the world.

Miran (and Trump) complain about the trade deficits, but they are the very manifestation of this subsidization: countries normally cannot run a permanent trade deficit because they'd one day face a balance of payments crisis.

It's like a private individual: you cannot indefinitely buy more from others than what you yourself earn. At some point you'll have to pay up. Unless, that is, you're the issuer of the currency everyone uses, in which case the normal rules of economic gravity are suspended.

While other nations must balance their books eventually, the dollar's reserve status gives America the unique ability to consume more than it produces perpetually, with the world eagerly accepting dollars that cost nothing to create in exchange for real goods and services. That's not a "burden", it very much is an "exorbitant privilege".

So yes, sure, because America can effectively buy most of what it needs from the rest of the world for "free" (by printing dollars), this situation doesn't exactly create incentives to do the hard work of manufacturing goods domestically. But framing this as other countries taking advantage of America rather than America taking advantage of its currency dominance is an astonishing inversion of reality.

And even more astonishing is Miran's ask that countries now compensate the U.S. for this. Some people mention that it's like asking vassals for tribute but it's actually even worse than this. The tribute is already embedded in the global reserve currency status of the dollar: other countries work hard for the U.S. while they can just issue IOUs that never come due.

What Miran is thus proposing is effectively demanding vassals make payments for the privilege of already making payments—a double tribute system where countries first subsidize American living standards by accepting dollars as reserves, and then must pay an additional fee for the 'burden' this supposedly places on the US.

Miran's piece is replete with other complete inversions of reality. For instance, he now blames China for the 2008 crash because "their holdings of U.S. mortgage debt helped fuel the housing bubble, forcing hundreds of billions of dollars of credit into the housing sector without regard as to whether the investments made sense."

Anyone with even a rudimentary knowledge of the 2008 financial crisis would have their breath taken away by such brazen revisionism. Not only is the crisis universally known to have been caused by US regulatory failures and the reckless securitization of subprime mortgages by Wall Street firms, but China in this instance literally saved U.S. markets from complete meltdown after Hank Paulson personally appealed to Beijing to continue purchasing US Treasury bonds during the height of the crisis, which they did.

To now blame them for the very crisis they helped mitigate and played no part in creating is beyond dishonest—it's gaslighting on a geopolitical scale.

All in all, it's clear what the US is trying to achieve here, they effectively want to have their cake and eat it. They want to keep the privilege and want the rest of the world to pay for the downsides that come with it.

Which means we're truly at a crossroad in history where nations must make an immensely consequential choice: acquiesce to this insane double tribute system or stand against it. There are very few precedents in world history for such a nakedly exploitative power play, but history is very clear on two things: submitting to extortion only invites more of it, and collective resistance is the only effective response.

[Muhammad Shehada @muhammadshehad2]

Israel: “I know we lied about the ambulance workers, Shifa hospital, flour massacre, beheaded babies, Hamad hospital, Hind Rajab, the ‘terror LIST’ (days of the week), World Central Kitchen workers, babies in ovens, white phosphorus, deliberately starving Gazans, Sinwar surrounding himself with 20 hostages in a tunnel, gassing hostages, Ahli hospital, killing women & children with white flags, mass r@ping Palestinians, non-existent tunnels under graveyards, Nasir hospital, Husam Abu Safia, mass graves, snipers targeting kids in the head, providing protection to criminal gangs to loot aid, wiping out Gaza, who refused/collapsed the ceasefire, blowing up Gazans fleeing south, Kamal Adwan hospital, claiming dead Gazan children are dolls, creating 'safe zones', the generals plan, how many Hamas militants we killed, Red Crescent taking part in Oct 7, calling killed journalists Hamas ‘militants’, Muhammad Abu Salmiya, the Indonesian hospital, UNRWA, al-Awda hospital, killing women sheltering at a church, bombing the church, destroying every single Gazan university, the Turkish cancer hospital, Hamas hiding giant stockpiles of fuel in Rafah, finding active smuggling tunnels in Rafah, hostages returning pregnant, who killed Yossi Sharabi, Itai Svirsky, Nik Beizer, Ron Sherman, Elia Toledano…

But.. but our next lie will be 100% true, trust us”

[Alaa Elagha @AlaaElagha]

@AnasAlSharif0 امين يا جبار السماوات والارض

[Alaa Elagha @AlaaElagha]

@AnasAlSharif0 اللهم امين

[Alaa Elagha @AlaaElagha]

@IGWTreport Paper gold, its relationship to spot gold and it influences spot prices