Elon Musk: “Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt. Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.”

Personally, I think it is already too late. There is no way for our political system to turn this around. The debt will continue piling up to 200% debt to GDP. The Fed will have to eventually do yield curve …

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Elon Musk: “Every social media company is engaged in heavy censorship, with significant involvement of and explicit direction of government…”

Most people don’t appreciate the significance of the point Matt was making: *Every* social media company is engaged in heavy censorship, with significant involvement of and, at times, explicit direction of the government. Google frequently makes links disappear, for example. …

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EVERY INSTITUTION HAS BEEN CORRUPTED: ‘Embrace China’: Biden’s Latest Diplomatic Hire Worked with CCP Front Groups.

President Biden’s latest State Department hire, who once urged Americans to “embrace China,” has worked with two prominent Chinese Communist Party front groups to foster ties between Washington and Beijing. Biden tapped Nina Hachigian to serve as the State Department’s special representative …

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This entire society is assuming that Quantitative Easing can bail them out of every type of financial/economic collapse. Which is the ultimate lethal fantasy

by BoatSurfer600 We are nearing 100% of global fund managers saying a recession is likely… meanwhile the Biden administration reiterates there is no recession and the economy is strong “Citigroup’s Fraser, JPMorgan’s Dimon Warn of Economic Risks as They Head …

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Why market fireworks soon….

by mark000 Surge in Real Rates Hits Every Asset on Wall Street and Beyond Excerpts: A big pandemic-era distortion in the world of finance is well and truly over — and the new normal is helping fuel the worst cross-asset selloff …

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