Joined July 2023
Ken Griffin on France and socialism… "Paris should be a real wake up call to every single American. Government spending is 60% of their GDP. It’s the socialist dream the left talks about. That dream comes down to how much you can take from others. It doesn’t belong in America."
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You guys need to stop pinging Bill Ackman regarding $FNMA and $FMCC. He told you his position multiple times in the past year, including two retweets this week. Either you can be patient and handle Mr. Market being depressive lately, or you get out.
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Funny how Bessent et al claimed we couldn't exit $FNMA and $FMCC conservatorship because it might "impact mortgage spreads and drive up rates." Fast forward to now, and mortgage rates hit 7% anyway without them even touching Fannie or Freddie. Absolute incompetence.
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I view "we must pace the frontier" in a binary way. Either they know AGI is here (and is scary), or the (financial) music is slowing down/almost stopping, so they must "pace the frontier" to soften the "landing" before the collapse. But nobody will stop China/open source.
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History will remember that this man and his DOGE team at least tried. Bring on the collapse so that we can rebuild. Government spending must go below 15% of GDP.
I’m sorry, but I just can’t stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.
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If state spending is left unchecked, state will cease to exist.
Remember when Trump was going to get rid of the income tax, slash spending, and audit Fort Knox?
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There it is. The dumbest thing I’ve read on X in 2025
French President Emmanuel Macron has expressed his belief that the Euro has the potential to replace the U.S. Dollar as the world’s primary reserve currency, per YF.
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"Entertainment on tap" is a net negative. How many people went on side quests in the past not because they wanted to be Men of History or whatever but because they were intolerably bored? Infinite entertainment has quietly destroyed the "boredom to meaningful discovery" pipeline
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A miracle has happened. The NY Times ran an oped acknowledging not only that the covid virus likely originated in a lab, but that government officials and scientists conspired to keep the substantiating evidence secret. The lab leak theory was censored on social media because of "pressure from the administration ... we shouldn't have done it."
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Great read. Reckoning will come. In the end, all accounts must be balanced.
I was at an airport bar the other day, and a man asked about my awareness bracelet. It says, “I won’t be locked down.” He wondered what that meant. Knowing that he was likely still in the denial stage, I explained that five years ago, all our rights were deleted, the economy deliberately crashed, and life was turned inside out based on edicts, pending the release of a new shot that didn’t work but everyone was forced to get anyway. I tried not to make a show of this or go on too long, so I just left it there. His response: “Yeah that sucked.” Long pause. He followed up: “We haven’t really had a kind of reckoning with all that, have we?” “Nope,” I responded. Do We All Have PTSD? brownstone.org/articles/do-w… via @brownstoneinst
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Great read: zerohedge.com/economics/trum… All the decades of "fake" economy with high gov spending are coming to an end. Things must get difficult in the short run, so they can get better in the long run.
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An economy based on government jobs, government spending, government subsidies, and government debt is a fake. The US is discovering that now.
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What most of people fail to realize yet... America said YES to business, deregulation, industry and engineering. They also said NO to bureaucracy and high government spending. In EU, it's the opposite. Which is going to further destroy the fabric of its society.
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Europljani su 80 godina živjeli na račun SAD-a koji im je financirao obranu, sigurnost, novinare. U isto vrijeme Europljani su novac, koji bi inače morali trošiti za obranu i sigurnost, trošili na socijalnu državu i njene programe. Pa su se sprdali Americi: "Hahaha! Vi nemate besplatno zdravstvo hahah kakvi luzeri!" zaboravljajući da im Amerikanci to financiraju. Onda su Europljani rekli "Vi nešto proizvodite tamo, neki big tech, koji zarađuje velike pare? Ah, baš lijepo, sad ćemo mi smisliti regulacije kako bismo vam uzeli što više". Onda su se Europljani sjetili da mogu uvesti carine, i to 5 puta veće od SAD-a. Onda su se sjetili regulacija za ugljen i da to drugi nemaju pa će svaki uvozni proizvod opaliti dodatnim klimatskim porezom. Jednog dana Amerikanci su rekli čekaj, pa nama se takav odnos ne sviđa. Mi dobivamo jako malo, a dajemo puno. Možda bismo tim novcem, koji gubimo u Europi, mogli učiniti nešto dobro za sebe - recimo smanjiti si javni dug? Europa je to dočekala na nož, otprilike kao taksisti pojavu Ubera u njihovom gradu, kad su shvatili da neće više moći živjeti od povlaštenog položaja. Ili kao profesori kad saznaju da će biti ocjenjivani i da će im plaća ovisiti o zaslugama, a ne statusu, spolu i dobi. Ili bilo koja druga skupina kad ostane bez povlastica na koje je navikla. Ljudi će više pošiziti kad izgube neku povlasticu nego kad im se ukinu prava. I što je povlastica apsurdnija i besmislenija, više će bjesniti kad ju izgube. Tako i Europljani kad izgube američke subvencije, koje nisu ničim zaslužili i za koje nikad nisu bili zahvalni. Novinari i političari danima ne mogu doći sebi. Naslovi: "Trump je izdao Europu", "Amerika se okreće u grobu", "Europa mora odlučiti što će" i slično samo pokazuje razinu panike u kojoj se europska aristokracija našla. Jer novinari nisu ništa drugo do glasnogovornici političkih elita u Bruxellesu. Trump nam se može ne sviđati, ali on je izabrani predsjednik SAD-a koji ispunjava svoja prediznorna obećanja. Radi točno ono radi čeg je izabran. Pljuvanje, klevetanje i mržnja koju europska aristokracija preko svojih glasnogovornika u medijima pokazuje prema Trumpu zapravo je prijezir koji cijelo vrijeme gaje prema građanima SAD-a, prema Americi kao stupu osobnih sloboda i Zapada. Nema dana, sata, minute ni sekunde kada neki europski medij ne objavi bar jednu klevetu, uvredu ili teoriju zavjere o američkom predsjedniku čija je najveća krivica što provodi volju naroda koji ga je izabrao. Nakon svega toga, postoji li ijedan razlog da Amerika ostane u prijateljskim odnosima s EU? Ako da, čime je Europa to zaslužila?
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Bureaucracy is an aggressive invasive species. It sucks up all the nutrion from the soil. No other organism can compete with. It secretes poisons so nothing eats it. It changes its ecosystems as it spreads and chokes off other forms of life. DOGE must move even harder, faster.
I'm concerned that many people do not understand the historical and institutional context in which the DOGE labor reforms are unfolding. They look at this as if these are some random, chaotic, arbitrary, strange, and even cruel measures to impose on a devoted civil service. The reality is very different, and I'm not even sure that Elon entirely understands this. For more than a century, even dating back to 1883, the civil service has grown and grown without check from the elected branch, either the presidency or the legislature . The bureaucracies have ballooned from a few to 450 or so. The bloat and absurdities have grown too. Get this: no one has ever known what to do about it. Not Coolidge, not Hoover, not Nixon, not Reagan, not Clinton, no one. No president has been able to crack this nut. The only reforms ever to have made it through are those that make the administrative state bigger, never smaller. Countless cabinet secretaries have come and gone, always with the intention of making a change but leaving saddened, demoralized, outwitted, outgunned, and ultimately devoured. No president has seriously taken on this problem because they simply did not know how. The unions are powerful, the intimidation from the deep institutional knowledge is overwhelming, the fear of the media as been powerful, and every single president comes to power vaguely feeling threatened by the intelligence agencies. The industries that have captured every single agency were also far too powerful to unseat or control. This combination of institutional inertia has blocked serious reform for a full century. No one has dared. No one has even had a theory or strategy about what to do about this problem. It had become so terrible that most people in politics have simply surrendered, like homeowners who know there are rats in the basement and bats in the attic but long ago gave up trying to fix the issue. All this time, the American people have felt themselves ever more oppressed, weighed upon, taxed and regulated, spied upon, brow beaten, and otherwise overwhelmed. Voting never made any difference because the politicians no longer controlled the system. The bureaucracies ruled all. The Biden years underscored the point. We didn't even need a conscious and present executive. We only needed a figurehead to pretend to be president, just like the Soviet premiers in the old days. The institutions ran everything and the people controlled nothing. How to deal with this? Trump alone figured it out in his last term: he simply took charge of the agencies in a limited way. There were screams of horror and plots galore. They performed a long stream of clever schemes to destroy him and show him who is boss, which is not the democratically elected president but the forces behind the scenes. The job of the president, goes the message from all the insiders, is to PRETEND to be in charge but not actually do anything meaningful. Shut up, mug up, obey, and disturb nothing, let the administrative state do its thing without oversight or disruption, and then you will get your honorary library and bestselling autobiography and go down in history as great. Trump refused the deal and look what happened. Four years have gone by and Trump is back again, this time with a determination to slay this beast, one that he knows all-to-well. The efforts of DOGE and MAHA and MAGA are epic in scope, breaking a century of pathetic acquiescence toward the deep, middle, and shallow states, at last using moral courage to confront the problem head on, come what may. They are profoundly aware that they MUST act fast and with some degree of ferocity, even recklessness, else we will default back to the status quo of leaders who pretend to be in charge while the embedded system runs things behind the scenes. It has been this way for TOO LONG. The voters this time have demanded change, and mustered the faith to believe that change is possible. This is precisely what DOGE is attempting, to make good on a promise, a promise that for once the voters actually believed was credible. They simply must succeed. There might never be another chance. The way of failure is the path everyone knows the US was on, toward economic stagnation, political scolerosis, and eventual irrelevance in the unfolding of the next stage of social evolution.
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Great writeup.
I'm concerned that many people do not understand the historical and institutional context in which the DOGE labor reforms are unfolding. They look at this as if these are some random, chaotic, arbitrary, strange, and even cruel measures to impose on a devoted civil service. The reality is very different, and I'm not even sure that Elon entirely understands this. For more than a century, even dating back to 1883, the civil service has grown and grown without check from the elected branch, either the presidency or the legislature . The bureaucracies have ballooned from a few to 450 or so. The bloat and absurdities have grown too. Get this: no one has ever known what to do about it. Not Coolidge, not Hoover, not Nixon, not Reagan, not Clinton, no one. No president has been able to crack this nut. The only reforms ever to have made it through are those that make the administrative state bigger, never smaller. Countless cabinet secretaries have come and gone, always with the intention of making a change but leaving saddened, demoralized, outwitted, outgunned, and ultimately devoured. No president has seriously taken on this problem because they simply did not know how. The unions are powerful, the intimidation from the deep institutional knowledge is overwhelming, the fear of the media as been powerful, and every single president comes to power vaguely feeling threatened by the intelligence agencies. The industries that have captured every single agency were also far too powerful to unseat or control. This combination of institutional inertia has blocked serious reform for a full century. No one has dared. No one has even had a theory or strategy about what to do about this problem. It had become so terrible that most people in politics have simply surrendered, like homeowners who know there are rats in the basement and bats in the attic but long ago gave up trying to fix the issue. All this time, the American people have felt themselves ever more oppressed, weighed upon, taxed and regulated, spied upon, brow beaten, and otherwise overwhelmed. Voting never made any difference because the politicians no longer controlled the system. The bureaucracies ruled all. The Biden years underscored the point. We didn't even need a conscious and present executive. We only needed a figurehead to pretend to be president, just like the Soviet premiers in the old days. The institutions ran everything and the people controlled nothing. How to deal with this? Trump alone figured it out in his last term: he simply took charge of the agencies in a limited way. There were screams of horror and plots galore. They performed a long stream of clever schemes to destroy him and show him who is boss, which is not the democratically elected president but the forces behind the scenes. The job of the president, goes the message from all the insiders, is to PRETEND to be in charge but not actually do anything meaningful. Shut up, mug up, obey, and disturb nothing, let the administrative state do its thing without oversight or disruption, and then you will get your honorary library and bestselling autobiography and go down in history as great. Trump refused the deal and look what happened. Four years have gone by and Trump is back again, this time with a determination to slay this beast, one that he knows all-to-well. The efforts of DOGE and MAHA and MAGA are epic in scope, breaking a century of pathetic acquiescence toward the deep, middle, and shallow states, at last using moral courage to confront the problem head on, come what may. They are profoundly aware that they MUST act fast and with some degree of ferocity, even recklessness, else we will default back to the status quo of leaders who pretend to be in charge while the embedded system runs things behind the scenes. It has been this way for TOO LONG. The voters this time have demanded change, and mustered the faith to believe that change is possible. This is precisely what DOGE is attempting, to make good on a promise, a promise that for once the voters actually believed was credible. They simply must succeed. There might never be another chance. The way of failure is the path everyone knows the US was on, toward economic stagnation, political scolerosis, and eventual irrelevance in the unfolding of the next stage of social evolution.
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"For the first time in my lifetime, We are going to see a proper accounting of government spending so the American people know exactly where their money is going." -- Treasury Sec. Bessent We need this in every single country on Earth. The grift must stop.
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Watching the government spending fraud being unraveled in USA in real time does bring smile to my face. At the same time, it saddens me to know the amount of fraud and grfit happening in Croatia, where gov spending as % of GDP is at whopping 47%.
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This is all on Elon and DOGE.What did all the representatives, senators,supreme court and presidents do in the past to address this, including both sides? Nothing but suck from the municipality, feed off of it.If Elon and DOGE didn’t get involved,we wouldn’t know about any of it.
According to the Social Security database, these are the numbers of people in each age bucket with the death field set to FALSE! Maybe Twilight is real and there are a lot of vampires collecting Social Security 🤣🤣
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