Jason⚡

[Mario Zelaya @mario4thenorth]

Gad just learned about the Canadian “exit tax.”

It’s very real.

It’s one of the reasons our brain drain isn’t bigger than what it already is.

It’s a form of entrapment.

There are successful entrepreneurs who have highly profitable businesses, that do not leave because their business would be taxed as though it was sold, a deemed disposition, at fair market value, but they don’t have the money to pay the tax on it.

Think of it as an acquisition happening, but with you getting no money, and instead a tax bill as though you made a captain gain (profit) on selling your business.

It’s like the mafia.

You can’t leave without paying a price.

[Gad Saad @GadSaad]

Following a very difficult meeting with my accountant, I just found out how much it is going to cost me in terms of an "exit tax" to leave Quebec and Canada. No human being in a free society should have their hard-earned money stolen in this manner. I'm genuinely numb. I'm speechless.

[Ricardo @Ric_RTP]

This AI just exposed the BIGGEST legal insider trading operation in America.

A platform called GovGreed built a seven-layer machine learning system that cross-references every stock trade disclosed by every sitting politician against the bills their committees control, the campaign donations they receive, and the companies their votes directly impact.

It scored all 540 politicians currently in Congress. And the numbers are crazy:

56% of every stock purchase made by Congress in the last 16 months was on a stock directly affected by a bill the buyer later voted on. That is 6,170 out of 11,016 total purchases.

More than HALF of all congressional stock buys are on companies whose fate that same politician is about to decide.

343 of 540 Congress members actively trade stocks while holding access to nonpublic legislative information.

That is 63.8% of the entire legislature making market bets with an informational edge that would put any hedge fund manager in prison.

The AI identified 752 active "Triple Signals" in the current Congress. A Triple Signal fires when three conditions line up at once:

The politician sits on the committee controlling a bill, they traded stock in a company affected by that bill, AND they received campaign contributions from that same industry.

Bills carrying these insider indicators pass at 5.4 TIMES the normal rate.

Now look at the individual leaderboard:

- Nancy Pelosi's estimated portfolio sits at $194 million with a Greediness score of 98.1 out of 100
- Ro Khanna made 13,231 trades across 800+ different tickers
- Michael McCaul made 32,302 trades and filed 6,670 of them late
- Thomas Suozzi filed 86.4% of his trades late with an average delay of 396 days, meaning his disclosures landed over a YEAR after he made the trade

And then there is Lisa McClain, the fourth-ranking Republican in the House. She has made 1,443 trades in three years, more than 98% of all politicians tracked.

She violated the STOCK Act twice in a single year, disclosing up to $900,000 in trades months after the legal deadline. Her husband bought up to $250,000 in Elon Musk's xAI, which quietly converted into SpaceX equity before last Friday's $2 trillion IPO.

The penalty for all of this? A $200 fine.

The number of Congress members ever prosecuted under the STOCK Act since it passed in 2012? Zero.

And the cruelest part is this:

A bill to ban congressional stock trading was introduced in January 2026. It has bipartisan support. Over 80% of American voters want it passed.

But Congress is sitting on it, because the people who would have to vote yes are the same people making millions from the system staying exactly the way it is.

They write the insider trading laws, they exempt themselves from enforcement, they trade on the information those laws generate, and when they get caught, they pay a fine that is basically nothing.

The AI didn't discover anything Congress was hiding. It just organized what was already public into a pattern so obvious that nobody can pretend it isn't there anymore.

[Dirty Texas Hedge @HedgeDirty]

Over 4000 workers just became millionaires by owning the means of production and the socialists are pissed

[Peter St Onge, Ph.D. @profstonge]

Canada is headed for another recession.

Their open-borders PM blames migrant cuts. Effectively admitting Liberals were using mass migration to fake the GDP numbers.

The "Biden Miracle" on steroids.

[Joe Consorti @JoeConsorti]

1971: Nixon kills the gold standard.

2003: Iraq tries to sell oil in euros. Saddam is dead within months.

2011: Gaddafi tries a gold-backed currency. Dead within months.

2022: Russia gets $300 billion frozen.

2026: Iran chose Bitcoin. The U.S. can't do a thing about it.

[Marc Nixon @MarcNixon24]

Tommy Robinson provides a message

The same can be said for Canada. The conservatives lost by 2.45% of the vote.

Only 43% of Canadian youth 18 to 25 voted

76% age 55 and over voted

If the Canadian youth want change, they need to show up

[vittorio @IterIntellectus]

what the fuck is happening in the UK?!

an 18yo kid was stabbed four times by a fellow british* man "Vikrum Digwa" who was openly carrying an 8 inch blade in public (which is illegal in the UK, but under the new racial laws only one ethnic group is allowed to do) chased down when he tried to escape, stabbed again, but since the gentleman claimed henry did one of the worst crimes one can commit in the west, doing a racism, the police put the bleeding kid in handcuffs and let him die on the pavement

what the fuck?!

[Cole Walmsley @Cole_Walmsley]

“Inflation is back and higher rates are coming.”

The U.S. Dollar is screwed.

The Treasury must sell ~$2 trillion in new debt this year.

Not to cover new spending. *Just to keep the lights on* and roll over old debt coming due.

That old debt was issued at 1-2%.

It's refinancing at 4.5%+.

Interest expense on the national debt is approaching $1 trillion per year. It's now larger than the entire defense budget. Larger than Medicare.

It's the fastest-growing line item in the federal budget, by far.

Higher rates on rolled-over debt means bigger interest payments.

Bigger interest payments mean bigger deficits.

Bigger deficits mean more debt issuance.

More debt issuance means higher supply of Treasuries.

Higher supply of Treasuries means weaker demand.

Weaker demand means higher yields.

Higher yields means bigger interest payments...

People call it a debt spiral. They're wrong.

It's a death spiral.

The loop feeds itself. Every basis point higher on the 10Y makes next year's refinance worse, which makes everything worse.

The math compounds against the Treasury every single day yields stay here.

The Fed has three doors out. All three open into the same room.

Door 1:

Cut rates

Inflation re-accelerates *on top of* a 6.0% April PPI -- the hottest since 2022 -- and an April CPI that hit a near three-year high. Gasoline onto the fire.

The dollar weakens. Foreign holders of US debt -- a third of the entire market -- watch their real returns get eaten by inflation, then take a second hit on the FX conversion back home. They sell, or demand higher yields to keep buying.

The Fed cuts rates only to watch the market raise them. Their move backfires.

Door 2:

Hold rates.

The $2 trillion in debt rolling over this year keeps refinancing from 1-2% into 4.5%+. Interest expense compounds.

The deficit widens from interest alone, before a single new dollar of spending is approved.

The bond market demands more premium to fund a borrower that looks worse every quarter.

Yields drift higher even though the Fed didn't move.

Door 3:

Hike rates.

Mortgages crack 7%.

Auto delinquencies -- already at 32-year highs -- accelerate.

Regional banks holding underwater Treasuries from the cheap-money era get squeezed like 2023 again. The kicker: the emergency facility that bailed them out last time is closed.

Commercial real estate, sitting on hundreds of billions of debt refinancing in the next two years, gets repriced into a crater. Corporate borrowers refinancing from 2-3% into 7%+ start defaulting.

And the Treasury *still* has to roll $2 trillion in debt over. At an *even higher rate* than before.

The Fed crushes the economy *and* makes its own funding problem worse, in the same move.

All three doors go to the same room:

Impossible-math.

The math always comes due.

In fiat's case, the only historical route is currency debasement.

The Fed eventually monetizes — explicitly through QE, or quietly through yield curve control, or via some politely-named new acronym.

In other words, the purchasing power of the dollar gets destroyed to make the nominal debt serviceable.

That's why they need inflation in the first place. The Fed needs inflation to make the debt math work. You pay the difference. Every dollar you hold loses value to make the equation work.

It's the documented endgame of every fiat regime that has ever existed.

Romans clipped the denarius. The Bank of England suspended gold convertibility. Weimar, Argentina, Zimbabwe, Lebanon, Turkey, Venezuela.

Currency debasement, currency debasement, currency debasement.

Sovereign nations always sacrifice the currency over the bond market. Always. It is the most consistent pattern in 5,000 years of monetary history.

This is the future:

They will print. They will inflate. The dollar will be debased.

Your money will buy less, as it always has. The system will unwind through currency debasement.

Quietly.

Then loudly.

Then suddenly.

The bad news: if you're in the system, you will go down with it.

The good news: you can exit.

The exit strategy is simple.

You *don't* exit through some clever trade that gets you more of the worthless money.

You exit by shifting to a *different* monetary system. One that can't be printed, can't be debased, can't be voted on, and doesn't require trusting the people who built this trap to get you out of it.

You already know what it is.

Fix the money, fix the world.

[Rupert Lowe MP @RupertLowe10]

I want to be really clear about what our aim is following yesterday’s historic victory.

Win the next general election, and I have never been more confident we are going to do exactly that.

What happening in Great Yarmouth was seismic.

Turnout soared. We brought thousands of people to the polling station who have never voted before. We got more votes in this local election than I received in the general election.

The implications of it all must not be underestimated.

Despite everything Reform threw at us, we decimated them in every single seat. Farage said we wouldn't win one percent. He was right. We won almost fifty.

The nine wards across Great Yarmouth are so varied. From Winterton in the rural north, to the urban centre of Great Yarmouth itself.

We won the nine seats, and the borough council by election, but within those wider seats we won every single ward by a mile.

If we can win in every one of those areas, we can win anywhere.

As I promised, we are going to give the British people a genuine alternative - we are going to provide an option to elect people from outside the rotten political establishment.

We did that in Great Yarmouth, and we delivered a landslide victory.

That was step one. Now, we go national.

Great Yarmouth First, then we Restore Britain.

[Brivael Le Pogam @brivael]

AOC vient d’accuser Airbnb d’être responsable de la crise du logement américain. C’est exactement comme accuser le thermomètre d’être responsable de la fièvre. Le niveau d’inversion causale est tel qu’on se demande si elle ment ou si elle ne comprend vraiment rien à l’économie qu’elle prétend réguler.

Reprenons calmement. La crise du logement aux États-Unis (et en France, et partout en Occident) a une cause unique, parfaitement documentée par 60 ans de littérature économique : la pénurie d’offre, créée par la régulation publique.

Quand l’offre de logements est artificiellement bloquée par les zonages restrictifs, les permis impossibles à obtenir, les normes empilées, les contrôles de loyers, et les protections excessives qui rendent louer plus risqué que de garder vide, le résultat mathématique est une explosion des prix. Pas à cause d’Airbnb. À cause des élus comme AOC.

San Francisco est le cas d’école. Entre 2010 et 2020, la ville a créé environ 50 000 emplois pour chaque 10 000 logements autorisés. Le prix médian d’une maison y a dépassé 1.5 million de dollars. Pas parce que des “billionaires” achètent tout. Parce que la ville interdit littéralement de construire.

New York, le district même d’AOC, c’est pire. Les règles de zonage de 1961 sont encore largement en vigueur. Le rent control bloque la rotation du parc. Les permis de construction prennent en moyenne 5 ans. Résultat : un loyer médian à Manhattan qui dépasse 4500$ et des jeunes qui partent en Floride ou au Texas.

Pendant ce temps, Houston, qui n’a presque pas de zonage, construit massivement et reste l’une des grandes villes américaines les plus accessibles. Tokyo, qui a libéralisé son marché du logement en 2002, a vu ses loyers stagner pendant que ceux de Paris, Londres, et New York doublaient. Ce n’est pas une opinion. C’est un fait observable.

Anecdote personnelle. Quand je suis arrivé à San Francisco pour Y Combinator l’an dernier, trouver un logement a été l’une des expériences les plus surréalistes de ma vie. Des studios à 4000$ par mois, des listes d’attente de 6 mois, des landlords qui demandent 3 mois de caution plus du “key money”, des annonces avec 40 candidats en 24 heures. Pas parce que la ville manque physiquement d’espace. Parce qu’il est interdit d’y construire.

Et qui défend ces régulations ? Exactement les gens comme AOC. Ceux qui veulent “protéger” les locataires en gelant le marché, qui finit par les exclure complètement.

Maintenant, la partie sur Airbnb est une inversion totale. Airbnb ne crée pas la pénurie. Airbnb existe parce que la pénurie existe. Quand louer en longue durée devient juridiquement et fiscalement absurde (procédures d’expulsion de 18 mois, plafonnements de loyers, taxes punitives sur les revenus locatifs), les propriétaires basculent rationnellement vers la location courte durée. Airbnb est le symptôme, pas la cause.

Voulez-vous que les propriétaires reviennent au long terme ? Simplifiez le code locatif, raccourcissez les procédures, supprimez les contrôles de loyers, et la location longue durée redeviendra plus rentable que le tourisme. Le marché s’autorégule, à condition qu’on cesse de l’étrangler.

Sur le lobbying, la lecture d’AOC est inversée également. Pourquoi Airbnb dépense-t-il en lobbying ? Parce que la régulation existe et menace son existence à chaque mandat. Dans un marché libre, personne ne ferait de lobbying parce qu’il n’y aurait rien à arracher aux politiques. Le lobbying est l’enfant naturel de l’État interventionniste.

Plus l’État régule, plus le lobbying devient rentable. Plus le lobbying devient rentable, plus les grandes entreprises s’installent confortablement dans la rente réglementaire. Plus elles s’installent, plus les nouveaux entrants sont écrasés. C’est exactement l’inverse du capitalisme. C’est du corporatisme étatique. Et c’est AOC qui le crée, pas qui le combat.

Sur le mythe des “millions d’évictions à cause d’Airbnb”, les chiffres sont disponibles. Les études sérieuses (Barron, Kung, Proserpio 2021) estiment l’impact d’Airbnb sur les loyers à entre 0.4% et 1.5% selon les marchés. Le zonage restrictif et le rent control, c’est entre 30% et 50% du prix dans les grandes villes (Glaeser, Gyourko). Airbnb est statistiquement du bruit comparé à la régulation.

AOC veut nous faire croire qu’un sous-locataire à Bushwick est viré de chez lui parce qu’un cadre de Goldman a réservé un Airbnb. La réalité, c’est qu’il est viré parce que sa ville n’a pas autorisé la construction d’un seul immeuble dans son quartier en 30 ans, alors que la demande explosait.

Le pattern politique est toujours le même. La gauche progressiste crée le problème par excès de régulation, puis désigne un bouc émissaire privé pour expliquer le résultat, puis utilise ce bouc émissaire pour justifier encore plus de régulation. Boucle fermée. Toujours la même.

L’addiction à la régulation a un nom en économie : le syndrome de l’homme au marteau. Quand votre seul outil est l’État, chaque problème ressemble à un problème étatique. AOC ne peut littéralement pas envisager qu’un problème puisse être résolu par moins d’État, parce que sa carrière entière repose sur la prémisse inverse.

La vérité est inconfortable mais simple. Si vous voulez vraiment aider les locataires, les jeunes, les familles modestes, vous voulez plus de logements. Plus de logements veut dire moins de zonage, moins de permis, moins de normes empilées, moins de contrôles de loyers. C’est-à-dire l’exact opposé du programme d’AOC.

Le marché du logement n’est pas cassé par excès de liberté. Il est cassé par excès d’intervention. Et les premiers payeurs sont précisément les pauvres qu’AOC prétend défendre.

Si vous voulez vraiment le bien des pauvres, arrêtez de toucher au marché. Le marché se régule toujours. Ce qui ne se régule jamais, c’est l’arrogance des gens qui n’ont rien construit et qui pensent savoir mieux que des centaines de millions d’individus comment allouer un toit.

Airbnb n’est pas le problème. AOC l’est.

[Marc Nixon @MarcNixon24]

THIS is how it starts.

Aaron Gunn is calling it out and he’s not backing down.

A government that:
Bought support to manufacture a majority
Stacked committees
Then shut them down to avoid scrutiny

That’s not leadership. That’s control.

And nobody voted for THIS.

[Yukon Strong 🫎 @YukonStrong]

Canadians under Carney boo the American Anthem
Americans under Trump sing the Canadian anthem

The elbows up crowd can learn from Trump's America

[Marc Nixon @MarcNixon24]

EMBARRASSING

CTV claimed removing all taxes on gasoline would cause inflation to explode 🤯

Because of the increase in demand for gasoline

Pierre Poilievre was SHOCKED
AND I DON’T BLAME HIM

WHAT A TERRIBLE INTERVIEW CTV

[Joseph Hernandez @hernandezforny]

Ken Griffin is the American story.

A kid trading out of a dorm room, who went on to build Citadel LLC into a global powerhouse.

He didn’t inherit it. He built it. Took risk. Won.

And what’s the result?

More than 2,500 jobs in New York City. Over $2.3 billion in taxes paid to New York. Over $650 million in philanthropic contributions tied to this city. Thousands more jobs coming from major development projects.

That’s not rhetoric. That’s impact.

But instead of learning from that success, some politicians would rather demonize it.

Because tearing people down is easier than building anything yourself.

So let’s be very real:

If Ken Griffin and firms like his leave New York… who replaces 2,500 high-paying jobs? Who replaces billions in tax revenue? Who funds the services you claim to care about?

A government-run grocery store?

That’s not economic policy. That’s fantasy.

And to @ZohranKMamdani

What have you actually built? How many jobs have you created? How many people depend on you for a paycheck? What real risk have you ever taken?

We need builders. Not people who attack them.

[TaraBull @TaraBull]

Comedian Matt Rife reacts to Druski’s skit.

“BUT everyone defending the skit also needs to keep this same energy about aaallll comedy. Don't go crying next time a bit upsets you personally."

[Frank Grimes Jr. @FrankGrimes_Jr]

David owns 5 homes. Two in wealthy Kitsilano, BC and even one in Australia. If you want to lead by example you don't fly across the world just to get to your cottage. People are tired of being lectured to by hypocrites. The answer is to consume less but the "activists" won't

[Valerie Anne Smith @ValerieAnne1970]

🚨Study involving 1.7 million children has found that Myocarditis & Pericarditis only appeared in children who had received COVID mRNA vaccines.

Not a single unvaccinated child in the group suffered from these heart-related problems.

[Andy Lee @RealAndyLeeShow]

And surprise surprise - most of their taxpayer-funded revenue goes to compensation!

Here’s a thread I did on the Canadian Climate Institute. Like many “charities” nowadays receiving federal funds, they do little charity work and a lot of lobbying.

Link: https://t.co/1gKKU0OeyH

[Eva Chipiuk, BSc, LLB, LLM @echipiuk]

Four judges have now confirmed that Justin Trudeau invoked the Emergencies Act illegally.

The Federal Court of Appeal has dismissed the government’s appeal of Justice Mosley’s decision, confirming once again that the use of these extraordinary powers was unconstitutional.

The Court was clear:

“Cabinet… did not have reasonable grounds to believe that a threat to national security existed.”

In other words, the legal threshold was never met.

Instead of taking responsibility, Trudeau and his government spent years appealing the decision, using public resources while hoping the issue would fade from public attention.

That behaviour runs directly against the principles of democracy and good governance. In a healthy democracy, leaders are accountable when they misuse extraordinary powers.

When a leader unlawfully invokes emergency powers against his own citizens and then refuses to take responsibility, that is not leadership. It is a failure of judgment and accountability.

And someone who failed so profoundly at home, and then ran from that failure, should not be elevated and invited to lecture the world about democracy on the global stage.

See latest Court decision: https://t.co/aN912jjnqC