💸 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
“Bondi Hero” Ahmed Al-Ahmed (the man who disarmed the ISIS terrorist in Australia on Sunday) received a phone call from the Foreign Minister of Syria.
During the call, Ahmed asks the Foreign Minister to pass on his “regards” to the new President of Syria, Al-Julani.
Both Al-Julani and Asaad al-Shaibani (the Foreign Minister of Syria) are members of Al Qaeda.
So we allegedly have somebody who sympathizes with terrorist Syrians stopping other terrorists?
Feels like a simulation.
"It does not matter whether this situation reflects planning on the part of a shadowy elite, or is emergent from the decline of your civilization. No matter whom you vote for, or what gloss your preferred candidate puts on these issues, nothing will change until you and enough of the people around you wake up to reality, and launch a campaign of consistent non-compliance with the antihuman trajectory that manipulative elites have set us upon.
It does not matter whether you label the centralizing ambitions of those elites as socialism, communism, technocracy, gobalism or fascism. It doesn’t matter whether you see them as reflecting philanthropic, criminal or satanic motives. The important thing about centralisation is that it absolutely requires censorship and comprehensive obliteration of rights and freedoms to persist, and that it is wholly incompatible with the flourishing of human beings...”
History doesn’t offer much hope. It seems always to have been the case that an ...
FBI Arrested A Fifth Trantifa Militant In NYE Bomb Plot
https://themanhattan.press/2025/12/17/fbi-arrested-a-fifth-trantifa-militant-in-nye-bomb-plot/