jesus fucking christ why isn't this a national story? they can cover twitch streamers for months but a congressional candidate getting raped in a politically charged assault barely cracks the local headlines??
This is abhorrent. Elections don’t have to be about cruelty and lies. South Carolina deserves better. I urge voters to look at the merits of each candidate and cast their vote accordingly. We must reject politics based on division and hate. While South Carolinians can strongly disagree with one another, we can do so civilly and with honest intentions for the betterment of our communities and well being of our families.
Funny … 99.9% of the country had no idea who Eric Schmitt was this morning and now half of the country knows he’s a flaming douchebag, incompetent, sleazebag asshole.
Whether it’s universities trying to hire more women and Black people or Kash Patel trying to hire more people who have engaged in bestiality, both sides have taken controversial approaches to increasing diversity.
If Obama or Biden had built a monument to themselves after destroying the East Wing, the Republicans would have passed a bill allowing its destruction with tactical nuclear weapons.
The next president should just take it apart quietly and quickly.
I'm loving these AI depictions of historical Los Angeles: the Cogm-Cola billboards, the long-gone Ggghooddr Building, the ground-breaking ceremony at the Hlrbxyy Bowl, it's all there.
Just as predicted, Bessent is buying back $12.5 billion in US Treasuries this week because there are no buyers left.
China dumped $41 billion, Japan dumped $47 billion, and there is $240 billion in foreign selling in 30 days. Long-term yields have hit 20-year highs. There is a buyers' strike on American debt and the Treasury Secretary is stepping in to buy our own bonds with our own money.
The GENIUS Act requires every stablecoin issuer to hold reserves in short-term US Treasuries. That means every digital dollar minted is a forced buyer of government debt. Bessent himself said stablecoins could absorb $1 trillion of our debt, and I'm sure the current open investigations against Tether will disappear if they own $1T in US debt. I digress.
He is doing the buybacks right now to keep the bond market from collapsing while the stablecoin law spins up the replacement buyers. Foreign central banks are walking away and private digital dollar companies are walking in. They are legally required to buy Treasuries no matter what the yield is.
The buybacks are his bridge to the stablecoin destination.
Currency Killer, how Bessent is crashing our dollar is on my substack now (link in bio). Enjoy!