📝 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."
📎 Lomez
Mridul Wadhwa is a serious danger to Scots.
He lied to force his way into the Edinburgh Rape Crisis centre and then said vulnerable women who'd been brutalised needed to 'reframe their trauma' to allow autogynophiles into rape centres.
Now he's got a wider agenda against white Scots.
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
After the transfers are made, the state can then request a matching amount of money from the federal government
But Gavin ...
BREAKING: US data center construction spending jumped +34% YoY in March, to a record $50 billion annualized rate.
Spending on data centers is up +437% since the beginning of 2021, when the annualized rate stood at ~$9 billion.
This is also up +688% since the start of 2018, when the annualized rate was just ~$6 billion.
Meanwhile, office building construction spending fell -9% YoY in March, to $46 billion, the lowest since 2015.
This means that spending on data centers now exceeds office building construction by $4 billion, or +9%.
To put this into perspective, office construction spending exceeded data center spending by $65 billion, or +650%, in 2020.
AI is fundamentally transforming the US economy.
(@TheKobeissiLetter)
Money supply is skyrocketing:
Global money supply is now up to a record $121.9 trillion.
Over the last 2 years, money supply has soared +$17.1 trillion, or +16%.
This also marks a +$27 trillion increase, or +28%, since the 2022 low.
This means that global money supply is surging +7% to +8% a year.
Meanwhile, US M2 money supply jumped +$1 trillion YoY, or +4.6%, to a record $22.7 trillion.
Money supply growth is accelerating.
(@TheKobeissiLetter)
🇮🇱⚔️🇱🇧🇵🇸 Multi-front aggression on Gaza and Lebanon has left Israeli reserve forces on the brink of collapse warns army chief
The Israeli military establishment issued a dire warning to the Knesset on Monday, cautioning that its overstretched reserve forces are teetering on the edge of a total systemic breakdown. As first reported by i24 News, during a classified session of the Foreign Affairs and Defense Committee, Chief of Staff Eyal Zamir told lawmakers that the army's ability to sustain its multi-front aggression—stretching from Gaza to the northern borders with Lebanon—is rapidly eroding.
Zamir urged immediate legislative action to extend mandatory service to 36 months and expand conscription to include the ultra-Orthodox community, describing the current strain on reservists as an "unreasonable burden" that cannot be maintained.
The military's manpower crisis comes as Tel Aviv prepares for a potential expansion of its ground invasion into south Lebanon, ...