Jakub

Power to the Players

[Baseball King @BasebaIlKing]

Everyone take 2 minutes out of your day to watch the Yankees 5th inning.

[GameStop @gamestop]

24 years ago the PlayStation 2 changed gaming forever.

October 26, 2000

[Historic Vids @historyinmemes]

Jim Carrey starts off his show with a bang in the 80s

[Massimo @Rainmaker1973]

Some functions of your iPhone you may not know.

[Robert Sterling @RobertMSterling]

This is the scariest chart I’ve ever made. This is what it looks like when a country is heading toward a financial precipice.

Each color shows $1T getting added to the national debt.

Not that long ago, it took six years to add a bar.

We’re now adding one every 90-120 days.

The explosion of debt has been the only bipartisan phenomenon of my lifetime. For us conservatives, we can’t blame it on just Biden and Obama. For you Democrats, you can’t put this on just Trump. It’s both parties, all presidents, and every Congress.

The acceleration started under George W. Bush. Bush went into 2002 with less than $6T of debt. Thanks to GWOT military spending and tax cuts we probably couldn’t afford, $6T grew to $7T in 23 months, $8T in another 21 months, and $9T in 23 months.

Then the Great Recession hit. We added the next trillion in 13 months, crossing $10T for the first time in American history. And we haven’t looked back since.

During the second Obama term, with spending reined in by the Tea Party movement, annual deficits reduced to less than $1T, and growth in the debt slowed down. At the end of Obama’s tenure, it took nearly 20 months to go from $19T to $20T.

That would be the last time it took a full year to add a trillion dollars to the debt.

In 2017, a real-estate developer got inaugurated as president. And, if there’s one thing we all know—and love!—about real-estate investors, it’s that they understand the value of leverage.

Under Trump, even as the economy surged, deficits grew, and national debt once again spiraled. We ended 2019 with a little over $24T in debt.

Then Covid hit, along with consumer stimulus, PPP loans, massive government spending, and reduced tax receipts. Over just two months in 2020—April and May—we added $2T to the national debt. Ever since, we’ve been adding $1T every 160 or so days.

With Biden in the White House and a narrowly divided Congress, we’re now adding $1T to the debt every three to four months. It took just 91 days to go from $32T to $33T. 104 days to get to $34T.

And it’s not slowing down. Biden has another 300+ days in office this term. When he or Trump enters their second respective term in office in 2025, the debt will likely be above $37T.

Where does it end? As deficits continue to pile up and borrowing costs remain relatively high compared to where they were over the previous 20 years, how is any of this sustainable?

[Massimo @Rainmaker1973]

Over the course of a single evening the most prolific graffiti artists from around the world descended on this abandoned building in Wynwood, Miami.

[📹 Daniel Levy / Iamdanlevy]
https://t.co/vO6oZVYnMO

[Simon Dixon @SimonDixonTwitt]

🇺🇸 #SBF Sam Bankman-Fried lost $8bn of #FTX client money.

He donated $100m in stolen customer funds to US politicians.

The US Government are prosecuting his fraud, but dropping his political campaign finance violations & likely won’t clawback the politicians for victims.

🤔

[unusual_whales @unusual_whales]

The U.S. government's debt will rise by $5.2 billion, every single day for the next decade:

[Magnus Carlsen @MagnusCarlsen]

When chess is life @drose🫡

[Massimo @Rainmaker1973]

Orangutans share 96.4% of genes, 28 physical characteristics, and a number of behavioral traits with humans.

No wonder things like this happen so easily.

[📹 minorcrimes: https://t.co/DN3kOvTF4S]

[Massimo @Rainmaker1973]

This Ride 4 footage on PS5 shows the first-person perspective of a rider racing through a suburb on a rainy day and demonstrates the special phenomenon that can occur when a game passes a 'reality detection' threshold

[read more: https://t.co/fBoe8ObUET]

[GURGAVIN @gurgavin]

WHO LEAKED JEROME POWELLS SPEECH FOR TOMORROW ???

[Ryan Cohen @ryancohen]

@bennyjohnson Companies should stay out of the business of taking a position on social issues.

[Genevieve Roch-Decter, CFA @GRDecter]

2008: 25 banks with $373 billion in combined assets failed

2023: 2 banks with $319 billion in combined assets failed

[ΞNGWIND @engwind_art]

We have donated $32,810.60, so far, to @teamtreesofficl.
In total, The Conservation has donated $60,000.00 to help conserve the environment.
Moving forward, all donations will be to TeamTrees. We will look for other climate projects to donate to, in the future.

[The Problem With Jon Stewart @TheProblem]

State Sen. Nathan Dahm (R-OK) has penned several bills loosening gun restrictions, including the nation’s first anti-red flag law. He thinks these bills protect the Second Amendment – and that they make us safer. We think it's probably one or the other. Watch it on @AppleTVPlus.

[Dave Lauer @dlauer]

I think we're going to have a great discussion with @GaryGensler tomorrow - we'll get into the weeds on FTDs & DRS, and ask about SEC enforcement & why it comes up short. I'm excited to announce a guest for the DRS conversation - @Paul_Conn will join us. Tune in tomorrow 4pm ET.

[Dave Lauer @dlauer]

We The Investors and SEC Chair Gary Gensler Discuss Equity Market Structure Reforms https://t.co/qNUkiDU4cf

[Urvin @UrvinFinance]

👉 It’s time to show your support, and to advocate for equity! Predatory failures to deliver are a scourge on properly functioning markets. Advocate to end FTDs. Show your support, SIGN letter #2, and let @GaryGensler know #WeTheInvestors demand change! https://t.co/3uEI7Gi2bU