“By early next year, the Fed will have spent five years with inflation running above its goal.”
Interestingly—and some may say ironically—this quote comes from a WSJ article entitled “Dismal Jobs Report Fuels Expectations of Faster Rate Cuts.”
#economy#markets#jobs#inflation #FederalReserve
Donald Trump said there was "nothing to worry about" in his relationship with India, even as the US has pushed forward with a 50% tariff on many goods from the country https://t.co/62G2Il0UVj
The future financial layer is blockchain technology.
Money has been an outdated technology but we are finally in the transition phase.
You're still super early anon.
Had an amazing fireside chat with @TomMackenzieTV at the Greenwich Economic Forum in London, where we explored the future of venture capital and technology.
Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.
The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
I want to thank the President for his leadership and vision in supporting this cutting-edge technology and for his rapid execution in supporting the digital asset industry. His administration is truly moving at “tech speed.”
I also want to thank the President’s Working Group on Digital Asset Markets — especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick — for their help and support in getting this done. Finally Bo Hines played a critical role as Executive Director of our Working Group.
this video of Trump kissing Elon Musk’s feet is playing in the federal Department of Housing and Urban Development cafeteria this morning
(per source @HUDgov)
You can’t freeze eggs, you can’t stack eggs in a spare bedroom like toilet paper 🧻 until you need them, you have to use them within a week or two of purchasing them. What are these people going to do? Have omelets three times per day???
🚨BREAKING: Frantic customers are now panic buying massive amounts of eggs at Costco, just like they did with toilet paper during Trump's last term. This is only the beginning of the chaos.
Make sure everyone sees this.
@forgetkry There are a lot of fools here, Lol. Usually, this is one of the traps set by hackers. In order to get your address, they can forge an address that looks very similar to yours
After the government close TikTok and people moved to Rednote, we got to know the real China. It's clear that those peoples have been constantly lying, constantly telling you how terrible China is.
News is one of the ways for people to understand what's happening in the world right now, to understand their own country, and other countries around the world. It should also be one of the most authoritative methods. Just think about it, when a country's news media is filled with lies everywhere, where is your authority as a news media? Where is your authenticity?
REPORT: Total damage from the Los Angeles fires is estimated to reach $150 Billion.
AccuWeather has increased their estimate for the damage and economic loss, saying total damage is expected to be $135-$150 billion.
The estimate was a sharp increase from their previous estimate of $57 billion.
More than 10,000 homes and other structures have been burned down.
JP Morgan predicts insured losses of $20 billion and uninsured losses of over $100 billion.
“This will probably be the largest number of people uninsured or underinsured during a massive catastrophic event like this,” Diane Delaney, executive director of Private Risk Management Association, said to the New York Post.

“The point of insurance is to be there at the time of claim, and if that’s going to bankrupt them, they’re going to pull out of the state.”
Video: @JarrenBarboza