My amendment to H.R. 8595, the State Department Appropriations bill, strikes $3.3 billion in Foreign (Military) Aid for Israel. The amendment is expected to receive a floor vote next week.
Netanyahu said he wants to reduce Israel’s dependence on US aid; let’s start now.
Yemen has just fired a ballistic missile NEVER SEEN BEFORE.
The Badr F has just been launched from the launcher.
With a range of 1,600 km, an accuracy of 5 meters, a detonation height of 20 m, and 14,000 steel fragments, it destroys everything within a radius of 200 m.
💥 Watch this beast turn mountains into dust in its first test.
This changes the equation
Breaking: Volkswagen continues to plunge after announcing plans to cut up to 100,000 jobs globally - roughly 15% of the workforce
$VWAGY has lost ~$1,500,000,000 market cap today
🚨 THE U.S. IS NOT PREPARED FOR THIS INFLATION WAVE.
Even Elon Musk and Tim Cook are saying it.
Cook told the Wall Street Journal the cost jump he's seeing is unlike anything in over 40 years.
Musk called it the biggest price jump he's ever seen.
Right now, everyone is celebrating one thing.
The US-Iran war is over, and Oil prices are falling.
Most people think that means inflation is coming down, but they are missing the bigger piece.
AI spending is about to trigger a new wave of inflation, and it has nothing to do with oil or tariffs.
The 5 biggest hyperscalers, Alphabet, Amazon, Meta, Microsoft, and Oracle, are spending $750 billion this year alone.
Here's why that matters.
AI needs memory chips, so does everything else.
When AI scales up its orders, prices go up everywhere else too.
This is already happening.
Apple raised prices on MacBooks and iPads.
Microsoft raised prices on Xbox.
Nintendo and Sony already did the same thing weeks earlier.
Consumer prices for software and accessories are up 15% year over year.
Wholesale electronic components are up 27%.
This is the part nobody is talking about.
AI helps GDP growth.
But it also helps inflation grow, at the same time, through the same mechanism.
Eventually, AI will make production cheaper and more efficient.
That could bring inflation down.
But that is 3 to 5 years away, maybe longer.
Right now, the only effect is higher prices.
This puts the Fed in a corner.
Inflation rising means the Fed cannot cut rates, and it will be forced to hike.
And if the Fed hikes rates while AI stocks are already trading in bubble territory, the entire market is exposed to a much harder fall.
Nothing matters. Not Iran. Not Ukraine. US Empire is finished. Prepare for an unprecedented global depression. It’s over. Markets will collapse. Get out.
“If a Jew strikes a Gentile and he dies, he is not guilty.
But if a Gentile even slaps a Jew, he shall surely be killed.”
[Sanhedrin 57a]
The Babylonian Talmud.