Alex

Economy, Finance & Politics. Trying to make sense of it all.

[Sony Thăng @nxt888]

🇺🇸JEFFREY SACHS:

"Who elected Trump? Billionaires.

Who was opposing Trump with Harris? Billionaires.

When you look at our politics—'We the People'—we are like spectators at a sport.

Who are the billionaires? Well, it's that list on one side and that list on the other.

We sit back—who's going to win? I don't know, but it's going to be the billionaires.

So what do the billionaires backing Trump want? Tax cuts.

What did the billionaires backing Harris want? Tax cuts.

What is the election going to produce? Tax cuts.

Big surprise. Is it a drama? Of course it's not a drama.

Our Congress is corrupt. Our political system is corrupt. It's run by the big boys, not by the little people, so we're going to have more tax cuts.

Here comes Trump, elected by a disgruntled voting population—the working class. This is his core.

And he's telling the working class, 'You've been cheated. I'm going to support you.'

And what's he going to do? He's going to give tax cuts to the richest people in the world.

You know, ten people now—TEN PEOPLE—have a net worth of $2 trillion.

I'm sorry, we can't even imagine what this means.

The days after Trump was elected, their net worth increased by $100 billion—in days.

Because people who have money know, 'Oh, this is a bonanza for the billionaires.'

By the way, if Harris had won, it probably would have gone up the same way—because it's billionaires on both sides.

So this deficit is going to rise; it's not going to fall.

Now Trump has a very particular, clever electoral strategy.

He says to the voters, 'The billionaires are your friends. That's not the problem. Your enemy is the immigrant and your enemy is China. I'm going to go after your enemies, not your friends, the billionaires.'

So what Trump says is, 'I'm going to raise tariffs on the Chinese, I'm going to kick out the immigrants, and you're going to live the American dream.'

And it's not going to happen.

And sure enough, within the next few years, the Trump administration will be a failure—widening income inequalities, big unhappiness, larger budget deficits, frictions with China, a lot of lawsuits in the United States, and people trying to stay in the U.S. who are threatened with deportation.

It's not going to be a happy period.

And this, unfortunately, comes from the fact that when you have two parties—billionaires backing this one and billionaires backing that one—someone gets left out.

And that's the people."

[Hugh Hendry Acid Capitalist TV @hendry_hugh]

Just over 700 days of yield curve inversion before the Great Crash of '29… and we’re sitting at 801 days today. History repeating, or are we smarter than before? Me thinks the ride’s about to get wild. What’s the yield curve saying to you #YieldCurve

[Wall Street Mav @WallStreetMav]

US paid $853 Billion in Interest for $31 Trillion Debt in 2022; More than Defense Budget in 2023.

If the Fed keeps rates at at these levels (or higher) we will be at $1.2 trillion to $1.5 trillion in interest paid on the debt.

The US govt collects about $4.9 trillion in taxes.

[StripMallGuy @realEstateTrent]

Office building: 100k square feet

Purchase Price: $100M
Rent: $8M (gross)
Year: 2019

Now half vacant

Rent: $4M/yr
Cost to operate: $2.4M/yr

Interest on loan: $3M/yr

Owner losing $1.4M/year, $40M down payment wiped out, and no tenant interest

Happening all over the country

[Michael Girdley @girdley]

Over 25 years and 1,000s employees, I've learned:

Good bosses do some uncommon things.

Here are the 11 of them you should copy:

(1/x)

[Steve Hanke @steve_hanke]

"Power tends to corrupt, and absolute power corrupts absolutely." – Lord Acton

[Steve Hanke @steve_hanke]

"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else." – Frederic Bastiat

[Steve Hanke @steve_hanke]

"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." – Plato

[Mark Roussin, CPA 📈💰💵 @Mark_RoussinCPA]

10 MUST Own Dividend Stocks

[Igor Sushko @igorsushko]

🚨 MUST WATCH: Minister of Defense of #Ukraine, @oleksiireznikov's absolutely excellent New Year's address to the Russian people. English subtitles.

[Steve Hanke @steve_hanke]

"During times of universal deceit, telling the truth becomes a revolutionary act." – George Orwell

[Senator Mitt Romney @SenatorRomney]

The Administration is fixated on shutting down American oil and gas. Our demand for these resources won’t change anytime soon. Instead of increasing our dependence on adversaries like China, we must continue developing American energy as we work to develop green technologies.

[Steve Hanke @steve_hanke]

"Just because you do not take an interest in politics doesn’t mean politics won’t take an interest in you." – Pericles

[Steve Hanke @steve_hanke]

"If you have ten thousand regulations, you destroy all respect for the law." – Winston Churchill

[Mikhail Khodorkovsky @khodorkovsky_en]

Mariupol a year ago...

[The Cultural Tutor @culturaltutor]

Why has traditional architecture all around the world disappeared?