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Don’t be alarmed; it gets much worse.

"The problem isn't inequality, it's RENT SEEKERS without skin in the game." - Nassim Nicholas Taleb amazon.com/gp/product/198…

Debt and an oversized state: The real threat to Western democracies Geopolitical Intelligence Services gisreportsonline.com/r/debt-oversiz…

"It takes a certain type of person to waste intelligent concentration on classroom/academic problems. These are lifeless bureaucrats who can muster sterile motivation. Some people can only focus on problems that are REAL, not fictional textbook ones." - Nassim Nicholas Taleb

Japan about to start the Banking Contagion. Japan --> Europe --> USA The carnage will be great. Wealth Transfer Immense. Blame it on everything except the Bankers & Politicians. Unfortunately, they will try and cook up a War if history has any sway in how these things go.

The world is hitting both energy and debt limits. Modeling and history shows the expected results. Governments are expected to be particularly affected, as is higher education. I discuss the physics and next decade impacts. ourfiniteworld.com/2025/05/27/eco…

"I think that $Oil is approaching a major bottom, and I expect $Oil two years down the road, in let's say 2027, I expect $Oil at $150 to $200 dollars. So that could be a very interesting play." -Felix Zulauf

France Running Out Of Money? Auditors Warn State Has "Lost Control" Of Welfare Spending, IMF Demands Cuts zerohedge.com/economics/fran…

France and Japan are in a completely disastrous fiscal position. Much worse than the US. Proves that high taxes and big government only bring stagnation, discontent and debt.

#Cambodia

Ukraine is defaulting on $600 million of debt. That’s after hundreds of billions in foreign aid. If this is “winning,” I’d hate to see what losing looks like. ft.com/content/370f64…

Gold, silver, and miners are breaking out again. Consolidation ending. That’s all, that’s the tweet.

Absolute must-read text by Emmanuel Todd, one of France's last great "intellectuels", on what he calls "the Trump revolution". As he explains, revolutions are "first and foremost the outcome of internal dynamics and contradictions within the society concerned", but the initial

*GUNDLACH SAYS `RECKONING IS COMING' FOR US TREASURY DEBT *MARKETS ARE `BEHAVING DIFFERENTLY,' DOUBLELINE'S GUNDLACH SAYS

These G7 gunfights are no more than powerless leaders reassuring themselves of their own importance. Trump and Meloni know it. The others need counselling.

Oil now convinced the entire Iran-Israel war was just theater

CNY oil

Climate is one hell of a mental disorder…

I like this one.

Damn. $GLEN Glencore announces $1 billion share buyback starting next week