💸 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
🇮🇷❌👑👑❗️ — Videos coming out of Iran, after the Internet ban, share some of the most gruesome and terrific images so far in this protest season
At least 10 protesters in Fardis, Karaj area of Alborz province of Iran, West of Tehran, were reportedly killed by Islamic Revolutionary Guard Corps (IRGC) Troops under orders of the Islamic Republic Regime in Iran.
According to reports from netizens via Musk's Starlink, dozens of other deaths are being reported as having occurred in other locations on Iranian soil.
In one of the videos, it's possible hear in Persian/Farsi:
"Right in front of Fardis Police Station No. 11, a Toyota was pulled up and sprayed with gunfire.
People were mowed down with heavy weapons, machine-gun fire, indiscriminately."
🇻🇪 Call of Duty: Ghosts, PC Game, was released 12 years ago when Venzuela Maduro started his Presidency.
🇺🇸 In the game, US Military raid Venezuela at night and capture the Venezuelan Dictator.
In the game, it says this Event happens in the Year 2026.
🇬🇧 The Prevent video game that treats every teenager like a far-Right extremist
Youngsters threatened with referral to anti-terror programme if they question migration while playing
A state-funded computer game is warning teenagers that they risk being referred to a counter-terrorism programme if they question mass migration.
Pathways is an interactive game designed for 11- to 18-year-old pupils and funded by Prevent, a Home Office programme for tackling extremism.
Young players are directed to help their in-game characters – a white teenage boy and girl – to avoid being reported for “extreme Right-wing ideology” after discussing migration online.
Characters can face extremism referrals if they choose to engage with groups that spread “harmful ideological messages”, or join protests against the “erosion of British values”. Even researching online immigration statistics is portrayed negatively.
Other in-game pitfalls include sharing a video that claims Muslim men,...
IT KEEPS GETTING WORSE: A BURIED CIA VIDEO JUST SURFACED… AND ERIKA KIRK IS IN IT
https://x.com/hustlebitch_/status/2009688114923745442?s=46
A 10-year-old documentary about EMP attacks and U.S. power grid vulnerability has quietly surfaced - and buried inside it is Erika Kirk.
She’s not observing.
She’s not a host.
She’s in a role most civilians never get near, briefing national security professionals alongside a former CIA National Security & Energy Specialist on how an EMP or coordinated physical attack could collapse the U.S. power grid.
This isn’t casual footage.
It’s technical.
It’s inside-baseball.
And it’s the exact kind of material most people never get near, let alone present.
Which raises some very uncomfortable questions:
Why was she in that role?
What qualified her to brief on national security threats?
Who brought her into that room, and why is none of it explained?
Back then, this clip passed quietly. Today, with everything surrounding her, it ...