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This is the single biggest issue of our generation and probably the most important chart I’ve ever made We cannot let up We must ensure this system is dismantled and replaced with something that benefits hardworking Americans

If this is not a 'Silent Depression', then what is? Adjusting for growth of the money supply, the average American is suffering a perpetual, relentless decline in their income and purchasing power

In the 20 years since China joined the WTO & globalism took off: -Real wages have plunged 81% -'Deaths of Despair' have more than doubled -Antidepressant prescriptions are up 300% -Suicide rates have skyrocketed 40% -Birth rates plummeted 24% Is this the price of globalism?

Is it really any wonder why no one is having kids?

Silent depression pt 8 In the past 25 years, the average purchasing power of the average American's wages have fallen by 50%, on a per-capita basis Your wages, even though they may increase in nominal terms, are losing about 7% per year on a CAGR-basis

LET THEM PLAY WITH TWO DOLLS US overconsumption has been funded via one thing: debt Our balance of trade=negative, for decades Our fiscal deficit=negative, for decades Debt is the only thing that a twin deficit nation can accumulate, so $37T in debt is what happens Either,

As I said in this morning’s space: They have stolen 25 YEARS from you As currency debasement and asset prices have ran away from wages, they have made you work longer and harder By TWENTY FIVE YEARS

I'm no lawyer, and this stuff is extremely wonky But, it looks like this isn't over, by a long shot

"but it's just in one pocket and out of another- just shifting the burden around from income to tariffs" Here's how much cheap plastic trinkets someone would need to buy for that to be true: AGI $40k: $43,000 worth of goods AGI $60k: $81,000 worth of goods AGI $80k: $126,000

Two vids out: $60 Trillion Unwind of the Dollar Carry Trade And Unraveling the Dollar: Power, Decline and Role in the Global Economy Sorta a part 1 and part 2 of sorts YouTube.com/@economicsunma…

Sort of wild that he ever believed them Or, that *the market* believed it was all over

PCE YoY comes in cooler than expected Core PCE YoY is in line Strong disinflationary effect still in force

This is why many early 20’s y/o young men are living with their parents with no job, vaping weed, and playing video games all day.

The Kobeissi Letter yeah, and its unwinding: youtu.be/4E7p08-aAfI

Either the Bank of Japan sacrifices an institution or the yen gets sacrificed instead. In his latest, Robert (infra 🏛️⌛️) unpacks the ticking time bomb in Japan’s bond market and what might blow first. Full article below.

America now has two classes: 1. Those that owned a home prior to 2021 2. Those who didn’t and are falling further behind by the day The despondency, resentment and rage that #2 has for #1 really cannot be understated It’s just bubbling under the surface… for now. Worries me.

Video out now: The Dollar’s Reserve Currency Curse: Triffin’s Dilemma youtube.com/@economicsunma…

Finally got around to watching this (thx everyone who sent this to me) Pretty wild to have someone like Jim Bianco suddenly echoing everything you’ve been screaming from the rooftops for the past two years…. It’s nice the macro world is finally waking up to all this stuff

Macro, Bitcoin, Trading Ft. Robert Infra (Robert (infra 🏛️⌛️)) x.com/i/broadcasts/1…