We know what’s coming and we are prepared.
💸 Luke Gromen on X:
"Why DOGE doing what Milei did in Argentina in the US will NOT lead to a decline in US deficit/GDP, but a catastrophic BLOWOUT in US deficit/GDP unless US debt/GDP (USD) is significantly devalued 1st (b/c US receipts follow stocks, & deficits rise fast w/rates at 125% of GDP):
If we want to cut Entitlements + Defense to reduce the deficit/GDP, only to end up with higher deficit/GDP by the end of 2025 as stocks fall hard & rates spike on strong USD (see Wed's post-Fed market action), then we should do what Milei did in Argentina before devaluing USD
US receipts fall when rates rise. US outlays rise nonlinearly when rates rise with $36T in in debt. And US receipts fall when stocks fall
The US govt allowed this system to evolve, now they are getting the system they wanted, good and hard.
If I wanted to ensure that the US deficit/GDP was a multiple of where it is today in 12 months' time, I'd slash govt spending before devaluing US debt/GDP (the USD.)
If I wanted to position the US fiscal position for growth, I'd devalue debt/GDP 1st (USD), then "DOGE"."
📎 Luke Gromen
Pedophile elites wanted to buy an Island, asked if it "comes with children".
Agent replied, the Island "does have a small school"
They don't know camera was rolling
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🇺🇸 #Oklahoma high school principal (Kirk Moore) seen charging at and disarming a school shooter.
The suspect, identified as 20-year-old Victor Hawkins, was a former student who said he wanted to shoot up the school “like the Columbine shooters did.” While taking down the shooter, Moore was shot in the leg. He is expected to recover.
When the Principal woke up that day, he never thought he would be tackling a gunman.
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🛢 “Why aren’t oil prices higher?” “How can the oil market be so complacent?”
Oil prices almost always trade to extremes. Right before it does, it always gets “obvious” from a fundamental setup standpoint.
I remember a great conversation I had with Nelson Wu of Open Square Capital about the oil market being analogous to toilet paper. You don’t realize how badly you need it until you run out of it.
Oil prices trade on the margin. As long as there are onshore inventories to draw from, traders don’t panic. It’s when you run low on onshore inventories that panic starts to set in.
Goldman published an update on Thursday that basically captured the storage math phenomenon that we are seeing:
Global visible total oil inventories remain bloated relative to historical standards. If, for example, we had started the conflict with global oil inventories at the 2025 lows, WTI and Brent would already be above $200/bbl.
The ~1.4 billion bbl cushion at the start of 2026 is what gave the US ...
Homosexual couple MOCKS surrogate-born baby for crying "mama." This is child abuse.
https://lifepetitions.com/petition/surrogacyvideo/?utm_source=telegram
