By all indications we are embarking on a multi decadal inflationary environment to accommodate galactic and unprecedented government spending and debt. Please keep in mind that already now, we are not only spending our future income and taxes, we are also spending our children’s income and taxes. Also keep in mind that inflation hits those with less money the hardest, as food and housing and transportation are a high% of their income relative to those with more discretionary income. We can inflate our way out of this mess, but we must show restraint. As the dollar transitions away from being the primary reserve currency, things may get ugly for a while.
The International Space Station orbited over Los Angeles on July 4th as America marked 250 years of independence with a burst of fireworks lighting up the city below — a celebration so bright it reached all the way to space!
Awesome visual showing how the middle class has been squeezed hard across the globe. In the US over the last decade, this is probably connected to shrinking political party affiliation as independents now are the largest political group.
I just published my article on how hyperscalers like $AMZN, $MSFT, and $GOOGL will benefit in the token optimization era and why I believe the companies will re-rate much higher.
https://t.co/CQjUnFH3FD
A $7.3M deficit, 53 layoffs, and an executive pulling nearly $900K while living in a $8M mansion on the taxpayers dime have sparked calls for an investigation at the California Academy of Sciences.
@AlexiLalas I find it funny to keep the name soccer…like the imperial system. It’s not disrespectful it’s just non-conformist. Conformity should not be a goal.
Federal spend is $6.8T. Removing $826B of military budget, that’s $5.9T.
That’s more per capita than Singapore w just federal.
If you include state, US per capita spend is the same as Denmark.
The lack of services is due to fraud and incompetence, not lack of taxes.