Into macro economics, hard assets, VWFC, diving, hiking, meditation, conservation, Planet Earth and Middle-earth. Fix the money, fix the world. #bitcoin
You think you have a future guaranteed, but you don’t, because it doesn’t exist, the future is just an idea. Appreciate your extremely limited time on earth, not just the “good moments”. Life is always only right fucking now and everything else is hallucinations in your head.
Thomas Sowell: "I was just doing some research on Detroit and it's decline, as they kept raising the city income tax, the revenues kept falling.
Barack Obama was asked by Charles Gibson in 2008, why he wanted to raise the tax rate because he will raise more revenue if he does the opposite, and his response was that, 'it's a matter of social justice'. He didn't care about the consequences.
If he can get people to be mad at the rich and vote for him, it's a political success. He doesn't care whether the government collects more revenues or not."
In other words, Iran’s cash cow is running dry and they are desperate for money. This is a modern day siege, not the movie kind with catapults, the real kind that would absolutely cut you off and choke you.
Iranian oil exports are collapsing:
Iran exported just ~209,000 barrels per day of crude oil and condensate in May, the lowest since early 2020.
This marks a -84% decline from April levels, which stood at 1.34 million barrels per day, and -89% from March levels, which were at ~1.90 million barrels per day.
As a result, China's imports of Iranian crude fell to 1.10 million barrels per day in May, the lowest since January 2025, according to Kpler.
This comes as the US naval blockade, which took effect on April 13th, has severely restricted Iranian exports by preventing most vessels from entering or departing Iranian ports.
Meanwhile, Iranian floating storage has declined -43 million barrels since late April, to ~147 million barrels, with ~67 million barrels stranded inside the Persian Gulf and Gulf of Oman and unable to reach buyers.
If these conditions persist for another 2 months, Iran could effectively run out of oil available to ship to China, its largest buyer.
Iranian oil shipments are declining at a rapid pace.
Vancouver ranked the number 1 destination for the World Cup by SI. The City has done a fantastic job activating for the World Cup and this is great exposure for Van. This is on a scale larger than the Super Bowl and most matches here will pull a larger audience than the Winter Olympics men’s gold medal hockey game. And that doesn’t include the online audience.
https://t.co/6CiuPq8LG5