Good evening.
We are going to have an election. One of the candidates will take office. The government will continue to run massive deficits. The money supply will continue to expand. And #Bitcoin will go higher.
Have a great night.
Good morning.
The US deficit is on pace to be $2.1 trillion in 2024, compared to a deficit of $1.7 trillion in 2023 and $1.4 trillion in 2022. That is $400 billion higher in a year, and $700 billion higher in two.
Have a great day.
The Fed just cut rates with entrenched inflation above 2.5%, the government is running multi-trillion dollar non-recessionary deficits, and a President just bought cheeseburgers using #Bitcoin. Welcome to the future.
Good morning.
US debt now stands at $35.3 trillion. If we were to return to 0% interest and make payments of $1 million per hour, it would take approximately 4,023 years, or until the year 6,047, to bring the debt back down to zero.
Have a great day.
With widespread and relentless propaganda-style mainstream media, understanding the political and financial landscape requires a higher level of critical thinking than ever before. Stay vigilant out there.
Good morning.
Kamala Harris received zero votes or delegates and was *chosen* as the Democratic Party nominee by the current government overlords instead.
Have a great day.
Good evening.
In August, the US government took $307 billion in taxes and spent $687 billion, for a deficit of $380 billion. This works out to be an annualized deficit of $4.56 trillion.
Have an awesome weekend.
Tether generated $5.2 billion in profit in the first half of 2024, and with 123 employees, this is an annualized profit of $85.5 million per employee. 🤯
The government is currently the primary driver of job ‘growth’. This means the need for ongoing and expanded federal deficits, and federal deficits are inherently and long-term inflationary. This is how you manufacture a ‘soft landing’.
You all are so far ahead of the Twitter curve. I’m explaining to someone about fractional banking over there. Normies are so sadly lost in this maze of financial repression.
For everyone who is getting fatigued with Bitcoin’s recent price action:
Over the last decade, the average return in #Bitcoin for the top 10 days each year was 184%, and the average return (loss) for all of the remaining days each year was −10%.
Patience eventually pays off, big time.
With this morning's JOLTs data showing that job openings are falling--well below estimates--and layoffs increasing, futures show a 47% chance of a 50bp rate cute in September, up from 37% yesterday. And bad news is once again 'good news' for the markets.
https://m.primal.net/KeBi.png
The market is reacting negatively this morning to extremely poor ISM manufacturing data.
Here’s the TLDR:
Demand fell, inventories rose (due to unsold stock), and prices *rose* (due to labor and shipping costs). In essence, this is stagflation (higher prices in a stagnant or slowing economy).
The Fed’s worst nightmare.
https://m.primal.net/KcSH.png
Good morning.
Once the world realizes that you don’t need a PhD or math degree to understand #Bitcoin, that you just need to open your mind and critically think, it will soon right itself.
Have a great Labor Day.
Oddbean new post about login | logout
Notes by james | export