Per CNN: CNN: “Israel’s favorability all negative — not just with Dems, the general electorate has turned against Israel… not just a left issue, an American issue… a 67 point shift against Israel…”
Republicans are against Israel.
Democrats are against Israel.
Independents are against Israel.
Conservatives are against Israel.
Moderates are against Israel.
Liberals are against Israel.
The only one FOR Israel?
Donald Trump.
Scott has an income of $55,000 per year.
Scott spends $75,000 per year ($10,000 on guns).
Scott grows his debt by $20,000 per year.
Scott has total debt right now of $400,000.
Scott has fixed unfunded liabilities of $1,750,000 and is less than 10 years from retirement.
Scott's own employees say that his 130% debt will be 690% by the year 2096.
Scott needs to refinance roughly $100,000 in the next 12 months to stay solvent.
What is happening now?
Scott has a Japanese friend who is his biggest lender (despite being in even more debt) that just told Scott he might need to unwind $110,000 of Scott's debt to the open market. Therefore Scot sent his Japanese friend "$50-$100" this summer to keep him calm and ask him to not dump the debt.
The credit card companies Scott borrows from are refusing to give him cheap debt anymore, and are giving him 19 year highs on interest rates.
Scott said on August 19th that because nobody is buying his credit card debt that he will "at least double" the rate he is buying back his own credit card debt with new debt he takes out. The credit card companies didn't like that and offered him even higher rates 24 hours later.
If Scott goes bankrupt we have WW3, because Scott has been buying lots of guns. Scott would rather dilute Dollars he is borrowing in and watch himself starve than go bankrupt.
You can buy 100% of the insurance in the world against Scott's insolvency for $15,700.
Scott himself has said publicly that he wants to buy insurance against himself and that people should consider buying it.
Scott's friends say they want to back his debt with the insurance against his debt - because the insurance is that cheap and the debt is that bad.
This insurance plan's cost to buy went up 30% over the last 3 days.
Why? Because people are starting to doubt Scott.
Scott is America.
The insurance plan is Bitcoin.
“I’m not going to start a war. I’m going to stop wars.” - President Trump, November 2024
"During every single day of the administration, I will, very simply, put America first." - President Trump, January 2025
"Pretty soon, I'll be declaring the Hormuz Strait a territory of the United States." - President Trump, August 2026
Wall Street & GOP consensus: "Mamdani's price-controlled grocery store is a socialist trap & destined for disaster."
Also Wall Street & GOP consensus: "Bessent's price-controlled bond market is brilliant."
No matter what you call it, socialism always fails in the end.
Alan Greenspan died today, and the man who spent two decades inflating bubbles will be eulogized as a maestro. Fitting, because he understood exactly what he was doing.
In 1966 a younger Greenspan wrote an essay called "Gold and Economic Freedom." He laid out the case with precision. The gold standard protected savers from confiscation by inflation. Welfare statists hated gold because it stood in the way of their deficits. He wrote that the abandonment of gold made deficit spending a "scheme for the hidden confiscation of wealth." He was right. He knew it. Then he took the job running the printing press.
From August 1987 to January 2006 Greenspan sat atop the Federal Reserve and did the opposite of everything that essay defended. After the 1987 crash he flooded the banks with liquidity and taught a generation of traders that the central bank would catch them every time they fell. They named the reflex after him: the Greenspan put. He cut the federal funds rate to 1 percent by June 2003 and held it there, and you watched housing prices detach from any sane relationship to income. Mortgage credit gushed. He went on television in February 2004 and suggested Americans consider adjustable-rate mortgages, roughly eighteen months before he started hiking rates into those very borrowers. The man who warned in 1966 about the hidden confiscation of wealth engineered the largest credit distortion in postwar history.
Then came the apology that wasn't one. In October 2008, sitting before Congress as the wreckage smoked, Greenspan confessed he had found "a flaw" in his model of how the world worked. He was "shocked" that lenders had not policed themselves. You don't get to spend twenty years pricing risk at zero and then act surprised when men respond to the incentives you built. Any committee of economists cannot set the price of money better than a market can.
Greenspan knew the answer at 40 and spent the next half century pretending he'd forgotten it. The savers he warned about in 1966 paid for that performance.
I am 95% done with a deal to buy a new house. The remaining 5% of negotiations are focused on the price and whether the owners are actually willing to sell
"The Debasement Trade" since COVID:
In USD: NDX up 165%, SPX up 102%, Home prices up 56%.
In gold: NDX up 7%, SPX down 18%, Home prices down 37%.
In BTC: NDX down 78%, SPX down 84%, Home prices down 87%.
Disagree. The biggest threat to the USD being used as a reserve currency is spending $30T in borrowed money pursuing galactically stupid foreign, economic, & trade policies since 2001.
BTC is simply the marking-to-market of that historical (& prospective) fiscal stupidity.
If you’re a person who has long been skeptical or negative about #Bitcoin and now want to re-evaluate your position, it’s OK. Start asking questions and researching in earnest, and you will get there in no time. It’s still early.
Man who made multiple trips to Epstein’s Island and lost his job as Harvard University’s President because he said woman’s aptitudes made them inferior in math, weighs in on reserve currencies. Larry , we don’t care! @RudyHavenstein
Powell: "Bitcoin is not a store of value. It's too volatile"
Reality: Bitcoin is not only the best performing asset in history (and certainly in 2024), it has a HIGHER Sharpe ratio (risk-adjusted return) than the S&P, Treasuries and gold
.@nytimes has written a begrudging acknowledgement of the $100k milestone, but neglect to mention their own role.
“Keeping you poor for the entirety of bitcoin’s history were the writers and editorial staff of the NYT who falsely claimed it was hacked, characterized it as a niche currency for libertarian dorks, and consistently called it a bubble for over a decade.”
The US selling any of its Bitcoin is a MASSIVE strategic mistake.
Emergency action to stop this insanity needs to be taken now.
@PatrickMcHenry chairs the finance committee for the House and @RonWyden chairs it for the senate.
The subcommittee for monetary policy and trade is chaired by @RepAndyBarr .
Retweet and reply and let them know how upset you are with their failure to take action!
There are a number of extremely intelligent and/or successful people who continue to insist that #Bitcoin is a scam, a Ponzi, or a speculative bubble waiting to pop. I used to believe that they had just not yet done the proper work or analysis to truly understand #Bitcoin and that once they do, they will change their opinion and their stance. But it is becoming more and more clear that the majority of these people are likely more upset (conscious or unconsciously) that they have been wrong about their analysis all this time, and rather than admit this and change their stance, they will continue to criticize #Bitcoin in futile hopes of vindication and never change this opinion, never admit they have been and continue to be wrong. The ego betrays and will continue to betray them to the end.