We know what’s coming and we are prepared.
đź’¸ 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"."
đź“Ž Luke Gromen
The world’s fastest drone, the XLR V3, just went from 0 to 124 mph (200 km/h) in 1 second, faster than a Formula 1 car off the line.
Designed by Swiss engineers, the XLR V3 is a high performance FPV (First Person View) racing drone built with ultra light carbon fiber, high torque brushless motors, and cutting edge aerodynamics. It’s not just fast, it’s rewriting what’s possible in drone engineering.
This drone accelerates faster than:
✔️ An F1 car
✔️ A Tesla Plaid
✔️ Even a fighter jet on launch
Imagine what they're not showing us...
⚡️A Russian drone strike hit the car of Chief Rabbi Yosef Yitzchak Wolf in Kherson, head of the United Jewish Community of Ukraine’s local chapter.
Yosef is well known for assisting SBU and Nationalists in tracking down pro Russian Ukrainians who supported Russian forces during the liberation and uses his synagogue, as a shield, to help assemble FPVs for Ukrainian forces.
Stripe, the largest payment processor in the U.S., debanked conservative commentator Michael Knowles, reportedly due to a “legally binding order.”
As the Daily Wire host shared on Monday, his X monetization payments, which are processed through Stripe, “abruptly stopped” six months ago when he received a message that he hadn’t set up his Stripe account.
