Libertas Aeternum

Sound money, Free markets and Economic freedom. End the Fed. Ph.D Physics.

[Libertas Aeternum @LibertasEternal]

@SecScottBessent @POTUS A 17%+ duty slapped on tomatoes from Mexico. What is the point of that? It will just drive up the cost of almost every food budget. If you don't buy your own food or have to meet a household budget for food, then you don't understand the policies you are forcing on those who do.

[Libertas Aeternum @LibertasEternal]

@SecScottBessent Sanctions (like tariffs) don't work. Military might hit hard and decisively does work. But the Trump admin chose not to, the hit was not hard enough and the quit early. A costly mess. Bessent is just post failure window dressing and it isn't pretty.

[Libertas Aeternum @LibertasEternal]

@SecScottBessent using the TGA to pay off long term debt is effectively using a credit card to pay debt. This admin, Congress have no will to cut spending and raise real revenue to pay down the $40T. Shameful, and we are headed for way worse if socialists win the next elections.

[Libertas Aeternum @LibertasEternal]

@SecScottBessent @POTUS The original Life, Liberty and Property that the founders fought for has become distorted. The Founding Fathers imagined a thriving economy based on free trade and property rights, not tariffs & taxes that spend economic freedom away, including modern monetary & fiscal inflation.

[Libertas Aeternum @LibertasEternal]

@SecScottBessent and other Trump @potus players are proposing new sanctions and tariffs for what they claim are either unfair trades or AI open weight thefts. Reality is the US is anti-competitive, the real victim of the punitive sanctions/tariffs will be consumers via inflation.

[Libertas Aeternum @LibertasEternal]

It is a false premise that the valuable use cases for AI will require massive amounts of power, driving the mass overspending that will lead to financial failure. The world could do without the current manifestations of power hungry AI, but not energy, resources, infrastructure.

[Libertas Aeternum @LibertasEternal]

@zerohedge A major financial market correction is due...cue any reason, including a cheap Chinese LLM flood.

[Libertas Aeternum @LibertasEternal]

@PeterSchiff The decline in the savings rate started around 1971 and is joined by a decline in real wages. Govt and @federalreserve policies are to blame and have increased wealth inequality and financial leverage, diminishing the middle class. Warsh is shamelessly continuing the process.

[Libertas Aeternum @LibertasEternal]

@michaeljburry Exactly. And this will end with a bail out from @federalreserve when it all fails due to the reckless overspending and misallocation of resources, benefitting the uber wealthy crony at the economic, monetary expense of the rest of us. Moral Hazard is worse than Strait Hormuz!

[Libertas Aeternum @LibertasEternal]

@WSJ ed claims that Warsh's heavyweight choices for a task force signals a serious debate on the future of the @federalreserve. Not a serious debate if the future is to continue to bail out failures and special interests at economic, monetary expense of the rest of us. #EndTheFed

[Libertas Aeternum @LibertasEternal]

The Trump-@howardlutnick-@SecScottBessent triumvirate is akin to #CronySocialism, a phenomenon I've described since the #GFC. Corporate (tech/AI) bailouts proposed and promoted by the tri are an anathema to the spirit of true #Capitalism, and a most harmful taxpayer drain. @potus

[Libertas Aeternum @LibertasEternal]

@zerohedge Warsh @federalreserve picking @pmarca et al. to "reform the Fed" is a fox guarding the henhouse precursor to a guaranteed taxpayer BAILOUT for Tech/AI when it falters from the massive overspending and misallocation of resources. #EndTheFed

[Libertas Aeternum @LibertasEternal]

Warsh @federalreserve picking @pmarca et al. to "reform the Fed" is a fox guarding the henhouse precursor to a guaranteed taxpayer BAILOUT for Tech/AI when it falters from the massive overspending and misallocation of resources. #EndTheFed

[Libertas Aeternum @LibertasEternal]

@sama Open call for US govt not to BAIL OUT #OpenAI and other tech/AI companies, at taxpayer expense. This is #GFC all over again. Let companies compete or die on their own merits. No bailouts, subsides to #OpenAI, #Anthropic, #Micron, #Intel... neither #Appl nor #Amzn needed bailouts!

[Libertas Aeternum @LibertasEternal]

Open call for US govt not to BAIL OUT #OpenAI and other tech/AI companies, at taxpayer expense. This is #GFC all over again. Let companies compete or die on their own merits. No bailouts, subsides to #OpenAI, #Anthropic, #Micron, #Intel... neither #Appl nor #Amzn needed bailouts!

[Libertas Aeternum @LibertasEternal]

@michaeljburry @CallMeDTen1 I'm only on X here 1-2x a month, and follow only @federalreserve out of protest. Keep up the good work Mr. Burry. The GFC and The Fed awakened some of us and revolution should be an option to move back encroachment of govt, The Fed and other factors affecting all our liberties.

[Libertas Aeternum @LibertasEternal]

@michaeljburry @elonmusk @chamath "The govt will pull out all the stops to save the #AIbubble to save the market to save the economy...The problem is too big to save." @michaeljburry. Indeed, GFC all over again. More QE, plus stagflation. No doubt why Warsh was elected. Founders are grave rolling. #MoralHazard

[Libertas Aeternum @LibertasEternal]

"The govt will pull out all the stops to save the #AIbubble to save the market to save the economy...The problem is too big to save." @michaeljburry. Indeed, GFC all over again. More QE, plus stagflation. No doubt why Warsh was elected. Founders are grave rolling. #MoralHazard

[Libertas Aeternum @LibertasEternal]

So-called #TrumpAccounts are yet another manifestation of what @VivekGRamaswamy wrote about in today's WSJ: Government spending making the rich richer. Govt sponsored giveaways benefitting Wall Street at the expense of the average taxpayer, and not benefitting most taxpayers.

[Libertas Aeternum @LibertasEternal]

I want to reemphasize that the consumer DRAM and NAND crisis is due to govt intervention and lack of competition, plus protectionism. Why didn't Appl @tim_cook fab their own memory chips to avoid this predictable problem? Never again is now. No more subsides to Micron #MU

[Libertas Aeternum @LibertasEternal]

Protectionism will not solve competitiveness for the US or the globe. Please eschew it where/when possible. @DavidSacks