@realpeteyb123 Meh, there wasn’t much gamma to the downside, we were oversold already, nice correction, inflation higher, run it hot, perfect timing to drop some news
@VladTheInflator@WSJ Nah we just printed trillions of dollars, devalued our currency so it’s normal hard assets sky rocketed. That’s what housing should be. A cold storage for inflation. And guess what, inflation is heating up again dum dum
I want you to look at this chart and tell me what you see.
20 years. Seven diseases. Every single line is going up.
Alzheimer's up 260%. Parkinson's up 150%. Fatty liver up 125%. Diabetes doubled. Obesity up 42%. Cancer up 16%. Heart disease went down then came right back up.
Trillions of dollars. The most expensive healthcare system in human history. And not a single metabolic disease is improving.
Something is causing all of them. The same something. And nobody is stopping it.
🧵
“Over the last 40 years, the United States has been exposed to something that our biology was never intended to handle,” warns former FDA Commissioner David Kessler.
Global FX Reset: Thoughts going into the Long Wknd
The new AI world mandates reshoring of manufacturing. That cannot be done under the current fiat petrodollar GRC regime, where the USD is perpetually bid up by foreign nations who must procure dollars to buy oil.
The US must end the petrodollar regime and devalue the USD in the end, big time. But that can only be achieved without triggering mass capital flight if the US exerts leverage that the RoW cannot refuse.
This is where the SoH closure comes in. Iran is a Kabuki theater, a distraction. The real targets are Europe and Asia.
They will accept a major haircut on their dollar holdings. In return, (1) they will receive dollar liquidity access to orderly restructure financial systems devastated by incoming losses from USD devaluation, and (2) they will gain access to oil from the US which effectively controls Canada’s oil physically (it cannot go elsewhere) and Mexico/Venezuela’s politically.
Refusal to cooperate will be met with the biggest dollar squeeze in modern history without dollar swap line, and the threat if delivered will cause DMs to face an FX crisis that makes the Asian Financial Crisis look like a child’s play. The petrodollar itself will be transformed into the very weapon that destroys it.
Hence the pathway calls for massive dollar squeeze, then epic crash. What is coming is not Bretton Woods 3.0, but Plaza Accord 2.0.
Every day without a peace deal increases the odds of this global currency reset. We are already too pregnant with the SoH closure and oil flow disruption to return to pre-2/27 world. The genie is out of the bottle.
The only way out is through.
And this reset will be the macro trade of our lifetime, far bigger than the current AI trade. Exactly when, not sure, but it will most likely happen before we run out of oil. The pathway is anyone’s guess, but the end destination is clear.
And I do not intend to miss it.
The housing market has a sequence. Five dominoes that always fall in the same order.
Most people watch the last domino and try to predict what happens next.
In this post, I walk through the exact sequence, with the 2008 case study as an example.
Taxing non-income-producing property is wrong. Homeowners should not be forced to work to pay "rent" to the government for the privilege of living in their own homes. Property taxes should only be levied on income-producing property, as the income provides a means to pay the tax.