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“You will own nothing and be happy” is apparently the MAGA motto now

This prioritization of revenge over actually fixing the results of Biden’s bullshit policies is why MAGA remains such a tiresome movement of adolescents and LARPers. Stop bellyaching about the last guy, pass some policy, and fix the fucking problem.

Major right wing figures are now openly calling for a dictatorship because the Constitution doesn't let them send people to prison for life without trial and they don't wanna do immigration enforcement in any of the many, many ways the law does allow.

Amazing. All administrations claim that journalists are misrepresenting the facts when they quote outside sources. Trump's people are claiming the BBC is misrepresenting the facts when it's just repeating what Trump's own Solicitor General said.

“China wins a trade war with the U.S.” — Jeffrey Sachs China produces, while the U.S. consumes on credit. Trump doesn’t get it because "he never made it to the second day of econ class." "Our political system is in a state of collapse."

The monetary order didn't start breaking down until Trump put a wrecking ball to it. The dollar's status was secure--it's falling share of int'l reserves, mostly relative to gold and other nontraditional assets--did not itself signify any serious threat to its preeminent status.

This has to be one of the craziest admissions from A JUDGE that I've ever seen in a court transcript. What the hell are we doing here?!

I mean look at how absurd this is. The household and corporate sector in the USA have 250 TRILLION dollars of assets and a handful of accounting illiterate people convinced millions of people that the USA is on the verge of bankruptcy because of $36 trillion of govt debt and $1

At the end of the day trustless consensus isn’t a useful or beneficial feature for 99.99% of applications.

The pope dropped dead after meeting JD Vance and deciding that he didn’t want to live on this planet anymore.

Last week, we hosted a call for Exante Data clients on the ongoing asset allocation shift and (very negative) implications for the dollar. Here I am just posting the opening slides from the call, that illustrates that there is nothing normal about the current regime... short

He's successfully negotiated against himself

An observation about American drivers vs. European drivers: American drivers rely heavily on infrastructure to tell them how to drive, whereas Europeans drive much more naturally by processing real time conditions around them. Americans need posted speed limits to tell them not

French people will never be able to convince me that a hard boiled egg slathered in mayo is a valid thing for a fine dining restaurant to serve and charge 8 euros for.

The White House has put itself and the country in a bad situation but doesn’t realize it yet. Around April 10th China to USA trade shut down. It takes ~30 days for containers to go from China to LA. 45 to Houston by sea, 45 to Chicago by train. 55 to New York by sea. That

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The tariff situation really makes it clear that most of FinTwit and CT have never run a business and are ultimately clueless.

The social commentary on China in this thread is ~90% wrong. I rarely wade into cultural affairs, but this was too egregious (and was seen by too many people) to just ignore. Long thread...(sorry in advance)🧵

Reminder that BTC's "hard limit" is set by miner consensus, and could easily be extended via soft-forking to ensure that miner incentives are sufficient for the costs associated with generating new blocks. #BTC