The RESTRICT Act is not limited to just TikTok. It gives the government authority over all forms of communication domestic or abroad and grants powers to “enforce any mitigation measure to address any risk” to national security now and in any “potential future transaction”
To quantify it, US banks have $17.6 trillion in deposits, of which $3.1 trillion is backed up by cash, of which less than $100 billion ($0.1 trillion) is backed up by physical cash.
Anyway, good evening.
We have a collision course set as more spending coming while tax receipts falling
In 2021, the top 5% of earners paid 60% of the income tax paid
how do they mostly earn? Capital Gains, stock options, real estate, dividends, etc
Asset prices crash = no cap gains = no taxes paid
Last week, the IRS has stated that Americans must report payments on Venmo, PayPal over $600.
Last week, the Defense Department failed its fifth audit, unable to account for more than 61% its assets, worth about $1.8 trillion.
If you want to know what the endgame for today’s sovereign debt crisis will look like…
The FTX drama over the past 48 hours serves as a great blueprint for what to expect next
Time for a thread on why central banks are about to embark on the FTX insolvency playbook🧵👇
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I expect that we are going to see an explosion of “secret AI,” where AI advice is delivered by humans. Why?
We hate to listen to AI. For example, getting feedback from an AI system improved employee performance… until people learned it was from an AI, then performance DROPPED.
AI unlocks unlimited product photography. 🤯
Recent advances have made it possible for merchants to turn mobile photos into high quality product images + ad creative.
AI can now learn and reproduce a product on demand. More…👇[1/10]
#ai#aiart#stablediffusion#dreambooth
JUST IN: Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found.
not gonna lie the first time I generated this data and chart it was so jaw dropping I immediately checked to confirm it was right https://t.co/CgvqVhFghs
The Crown Estate, estimated to be worth over $34.3 billion in assets, will now belong to King Charles III.
But he will not pay inheritance tax.
This is a 40% levy on property valued at more than $377,000 that UK citizens must pay when they inherit property.
The King is exempt.
This is the president of the Federal Reserve in Minneapolis, telling the truth about Central Bank Digital Currencies ...
They are useless ...
Unless you want to control, surveil and tax the hell out of your people like China wants to (and Europe apparently). 😨