CEO of WallStforMainSt, LLC. Research Ninja. Financial Detective. Entrepreneur, Financial Historian, Austrian School Econ & OG Financial YouTuber. VT Hokie.
DC/Northern VA
Joined October 2009
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I went back and checked Global M2 Money Supply growth since 2008-2009 to this week.
From below $30 trillion to $103 trillion in under 20 years
But there's people on financial YouTube with large views claiming that there is no evidence of any inflation whatsoever?
Excellent presentation by the AMD CEO about CPUs, GPUs, next generation data centers, server racks and how AI computing demand and CPU demand is growing enormously
youtube.com/watch?v=3nFDQMao…
Most adult voters don't understand basic economics at all
"TAX THE RICH!!" — Socialist Demands Higher Business Taxes, Then Screams "LATE-STAGE CAPITALISM!" at His $4 -> $25 Ice Cream Cone!
#Satire #2DAnimation #TaxTheRich #Economics #Cartoon #FreeSpeech #Censorship #BigTech #Satire #2DAnimation
Economics 101 is that price controls create shortages of goods and services as the business owner may start to lose money on each unit produced. Costs for electricity usage are definitely rising over time
Investment into the real economy for research and development creates new products and services and potentially new industries. Those entrepreneurs often become millionaires and billionaires as their businesses grow. Many employees with stock options also become millionaires
JUST IN: Economic analysis of 64 countries finds that nations with more billionaires per capita tend to have fewer people living in poverty.
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Also, businesses growing revenue rapidly but with constantly increasing high capex are not a sustainable business model. The capex bills will be tens of billions per next generation data center. High profit margins and free cash flow will be difficult for Open AI & Anthropic
Revenue growth is one thing. Consistent profit margins and free cash flow is another. The problem is the capex required to train new frontier models, plus lots of other fixed hardware and infrastructure costs for market share. Anthropic is paying Space X large monthly fees
Now that DNC controls both houses of Congress we are going to see base case annual budget deficits increase by at least $200-$400 billion per yr in my opinion. Budget deficits >$2 trillion per yr by Congress will ramp up quickly again. Spending on Healthcare subsidies, ESG & DEI
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The Democrats flipped a lot of seats. Tax, borrow & spend with stolen funds for DEI & ESG charity & NGO frauds will only increase. You would be surprised how many trillions can be wasted or stolen by DC and other levels of government in only 2 to 4 years w good lawyers now
A far better question. However, the DNC favors currency debasement & wealth redistribution through taxes as well. The wealth redistribution hardly ends up going to the need people. Millions of Dollars go to politicians, bureaucrats & lawyers helping the charity & NGO fraud
At what point do we stop focusing on who needs to pay more tax and start asking where all of our tax money is going.
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Hong Kong gold exchanges want to tokenize 400 oz gold bars and add on OTC derivative layers with high leverage available for paper trading. What could possibly go wrong?
crypto.news/hong-kong-gold-t…
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Worse than this. They vote to raise taxes and then move to a lower tax state or setup LLCs to shield their income from the harmful policies afterwards. Many have friends and family members involved in charity fraud or NGO fraud so they can get 6 figures at taxpayer's expense
There used to be a lot of these charity frauds and NGO frauds for 7 figures or larger from stolen USAID funds all over the globe. This went on for many years. Huge corruption and nepotism where friends and family got 6 figure jobs and very large luxury travel budgets
Temulun Togochog, the woman who assaulted conservatives at the University of Michigan, has been living off the US taxpayers for most of her life.
The Southern Mongolia Human Rights Information Center, her father’s organization, received $816,000 from NED between 2008 and 2016. The money gets harder to follow after that.
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He only cares about his rich champagne socialist hypocrite friends in California. If I remember correctly many were supposed to leave the US for Canada or Europe when Trump won again but they stayed & constantly complain. Many dodge taxes even though they fund DNC raising taxes
Gavin Newsom pitches $1 billion Hollywood tax break - including credits for movie stars' salaries trib.al/PeoeX5S
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A corrupt champagne socialist hypocrite grifter bureaucrat. Unfortunately, there are many thousands like this at all levels of gvmnt. Many make 6 or 7 figure side deals through Dark Money shell companies and/or charity fraud & NGO fraud too. Many have 7 figure or more net worth
The James Bond movie franchise needs a masculine man as the lead role first to restart the franchise. More Sean Connery & less Lizzo or Jada Pinkett Smith type gender bending for woke & virtue signaling points
Sydney Sweeney would make a 'wonderful' Bond girl says 007 star as final screen tests for lead role take place trib.al/o0KfPjh
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That would assume that gvmnt spending is rational, not wasteful and not corrupt. California spent over $80 billion already on the high speed rail project. It was supposed to go from San Francisco to San Diego. Under 30 miles of track was finished with the funds. Wasted & stolen
California has signed their first high-speed train contract.
They hope to have a high-speed, 220mph train route from LA/Anaheim to San Francisco established by 2033.
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