@UFDTech That screen scares me. Wonder if Apple has an idea to combat smudges. They’ll probably “upgrade” the polishing cloth by adding the Ultra to the comparability list.
Ugh. Nintendo announced remakes of Xenoblade Chronicles 1-3 for Switch 2 with 4k graphics and updates.
But at $70 each. 😬
Maybe stick with the Switch 1 versions?
When stocks go up Bitcoin goes down
When stocks go down Bitcoin goes down
When stocks do nothing Bitcoin goes down
When the stock market is closed Bitcoin goes down
Interesting
BREAKING: MrBeast jet winner Jabari Brown was reportedly arrested in Paraguay in connection with a marijuana trafficking case after authorities allegedly found 577 pounds of cannabis aboard a private plane linked to him.
How do you erase a massive national debt without raising taxes or defaulting? You quietly tax the savers.
It’s a strategy called Financial Repression. The Fed used it 70 years ago, and now they're planning to use it again. Here's how it works:
After WWII, US debt had skyrocketed to 106% of GDP. The government couldn't slash spending without crushing the post-war economy, and hiking taxes further was a political death sentence. So, they chose a third option: Shrink the debt with inflation.
Here is how the playbook worked:
1. Cap the yields: The Fed pegged long-term government bond yields at a low 2.5%.
2. Let inflation run: When post-war price controls lifted, inflation quickly peaked past 10%.
If you were a disciplined citizen holding a government bond, you got your guaranteed 2.5% interest. But because of soaring prices, your real purchasing power was eroding by roughly 6% a year.
The government effectively repaid yesterday's debt with today's dollars that were losing their value. Without this strategy, the system might have collapsed. But by 1974, this silent plan dragged the Debt-to-GDP ratio all the way down to 23%.
America's post WWII boom is often seen as an example of miraculous economic growth. But more than growth or responsible budgeting, it's the massive wealth transfer from the public that saved the system.
Why is this relevant now? For the first time since WWII, Debt-to-GDP ratios are hitting nearly the same levels. Kevin Warsh has been hinting that the new Fed will be a more disciplined one, and financial repression is always a silent but powerful tool.
In today's Substack post, I talked about how to see this coming and what you can do to protect your wealth once it kicks in. I'll drop the link in the comments.
Dang. This saga just keeps getting wilder and worse. Bricks and Minifigs is awful.
Police being used as a weapon by owners.
@LEGO_Group needs to step in and strip the franchise from selling LEGOs or something.
https://t.co/cx5TR3c4RG
This is an 18 inch donut challenge at Scotty's Donuts in Pennsylvania
If you can finish this in under 10 minutes, it’s free
I looked into this and found this one donut has over 8,000 calories with over 450 grams of sugar
This is equivalent to 25 Krispy Kreme donuts in calories and sugar
We have to stop this in America. We have to Make America Healthy Again and stop with this insane amount of sugary junk food
People see this and they idolize the people who do these challenges