We know what’s coming and we are prepared.
đź“ť Lomez on X:
"Zoomers are the first cohort to be fully immersed in the reality of generational downward mobility. While millenials will also earn less than their parents, they were formed under the expectations of America ascending to a kind of Post-History stasis where at worst their status and wealth was permanently locked in.
Zoomers have none of these illusions and rightfully reject the obsolete and facile narratives they’re expected to swallow and obey to make sense of their lives and ambitions. Those are dead narratives. They do not reflect reality at all. They do not reflect the deranged cultural and political circumstances they’re expected to navigate from a position of negative expected value for pretty much any career path outside of genius tech outlier.
Scolding them is a stupid and pointless exercise that will only drive them further into despair and resentment.
Yes. Don’t be resentful. Don’t give in to despair. Be resourceful and lay a claim on your own life. But it’s also going to require offering Zoomers much better and updated narratives and opportunities for how to accrue status and wealth and the basic conditions for living a dignified life for the average guy who is not an outlier tech genius.
There are short, medium, and long term fixes for this. Some straightforwardly political. Some more complex cultural questions. But the implicit promise of boomer America, even Gen X America, is no longer viable, and that broken promise has absolutely nothing to do with Zoomers themselves."
đź“Ž Lomez
Gavin Newsom caught in a massive federal money laundering scam
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Newsom increased ambulance costs 300%, then requested reimbursements from the federal government, but it was fake
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He’d then pay a different company a fraction of the cost and pocket the rest. Stealing billions
“One of the largest and most convoluted schemes in modern history has been discovered during a review of California's medical financial records”
“Investigators found that under Gavin Newsom's leadership, the Golden State has essentially been funneling taxpayer money from all across America to prop up California's own finances.
Genesis Plan started in 2022 and it revolves around the complex concept of intergovernmental transfers, which in simple terms is when a local hospital or county makes a transfer to the state Medicaid agency for payments of medical services such as ambulance rides
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After the transfers are made, the state can then request a matching amount of money from the federal government
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But Gavin ...
Leaked phone call from January 4, 2025 (3 days before the devastating Palisades Fire)
The call is between Los Angeles Mayor Karen Bass and John Alle, a property manager and whistleblower in the Pacific Palisades, Westlake and MacArthur Park areas
John Alle contacted Karen Bass to warn her about extreme fire risks due to weather conditions like high winds and dry brush
Karen Bass tells him to “read between the lines,” “hold tight,” and that “you will understand soon.”
She knew something was coming, almost like a planned fire (many believe the land grab)
This call is interpreted as her knowing serious fire danger was imminent but not wanting to discuss what was about to happen openly….
Very cryptic
đź”— Wall Street Apes (@WallStreetApes)
@CherokeeOwl 🦉
@BrettColdwell
California gas prices could spike as imported oil supply dries up, industry warns
California may soon have to battle other states for oil resources as its imported supply runs dry, a leading lobbying group has warned.
Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State means it will be pitted up against the rest of the US and foreign markets.
It comes as the last ship to leave the Strait of Hormuz for California was unloaded in Long Beach, marking the final barrels of oil from the crucial Middle East route until the war in Iran is resolved.
Full article . . đź”—
🌅 Market News Digest
05/10/23 - 05/11/23 EST
🔥 Top Stories
• US-Iran tensions escalate as Trump rejects Iran’s peace response, oil surges over 3.5% — fears of Strait of Hormuz disruptions intensify.
• Bitcoin hits $81,700 amid geopolitical turmoil and inflation hedging — historic highs and strong institutional interest.
• US proposes lifting Hormuz blockade, but Iran calls demands excessive; oil prices rally — ongoing Middle East conflict impacts global markets.
â›˝ Oil & Energy
• Oil prices rise sharply after US-Iran rejection of peace proposals; US crude exceeds $95.50.
• Iran’s response to US peace plan deemed “realistic, positive” by officials; tanker crosses Strait of Hormuz.
• Saudi Arabia and China increase oil and coal exports amid supply concerns.
• Japan’s first Central Asian crude tanker departs Iran, signaling ongoing regional energy flows.
đź“Š Markets & Macro
• US stocks mixed; S&P 500 futures dip slightly, while tech giants like Alphabet ...
🇺🇸⚔️🇮🇷 Pentagon Says Iran War Cost $25 Billion. An Economist Says Try Trillions.
The Defense Department’s $25 billion price tag for Operation Epic Fury covers only missiles fired, planes flown, and equipment lost — and little else, University of Michigan economist Justin Wolfers argues in a New York Times op-ed published Sunday.
The fuller accounting, he writes, runs into the hundreds of billions, and possibly trillions:
▪️ Geopolitical risk: Fed economists estimate heightened risk of this scale costs roughly $200 billion and leaves a million fewer Americans employed within a year
▪️ Interest rates: With rate cuts now off the table, the Fed’s likely response could cost another $200 billion in lost economic output
▪️ Stock market: Wolfers estimates the war has wiped roughly $3 trillion off S&P 500 valuations. Oil prices could be elevated through 2028.
▪️ Growth: Goldman Sachs projects U.S. GDP growth will be 0.5 percentage points lower — around ...
