Charles S. Hamlin.
First Governor of the Federal Reserve 1914–1916.
"The more things change, the more they stay the same."
- Jean-Baptiste Alphonse Karr.
"Behind the ostensible government sits enthroned an invisible government owing no allegiance and acknowledging no responsibility to the people."
— Theodore Roosevelt (1858–1919)
@samhusseini If you believe the American empire should end, what is the alternative? The vacuum will be filled, and given the current circumstances, I don't see a better alternative.
You made good points.
Foreign investors are piling into US equities at a record pace:
Cumulative year-to-date inflows from global investment funds into US equities are up to ~2.5% of their total assets under management.
This percentage has more than DOUBLED since May alone.
This is also significantly above the 2002-2025 average of -0.3% in outflows for this point in the year.
By comparison, excluding the top 10% with the largest inflows and the bottom 10% with the largest outflows of the 2002-2025 period, global fund inflows averaged just ~1.5% by this point in the year.
The YTD pace has already exceeded the full-year total recorded in the middle 50% of years since 2002.
Current demand for US equities is unprecedented.
Upon closer examination under the microscope, it’s evident there is a word underneath the smudge, and the word “citizens” is judiciously written on top. Spectral imaging reveals that Jefferson first wrote “our fellow subjects."
One nation in all of human history staked its existence on a single blazing truth: every soul enters this world crowned in God-given rights beyond the reach of any earthly power. 250 years later, America remains the boldest wager ever placed on human liberty. ❤️ 🤍 💙
@brownstoneinst@jeffreytucker 100 million Americans who are currently not working, but should be working, is not an alarming number—it is an utter catastrophe. What would the real unemployment number be if that were the case?