Jack Truth
9K posts

Jack Truth
@datruthjack
#Hodl #HGTP $DAG "Thank You Mike Alfred for Educational Posts" #JordanPetersonRocks #ThanksJoeRogan #ClimateScam #Fuck Pronouns



🚨 ALL-IN INTERVIEW! CA Governor Candidate Steve Hilton on Why California is Destroying Itself and How a Republican Can Win @SteveHiltonx sits down with @chamath and @Jason to discuss: -- Taxes: No tax under $100K and a 7.5% flat rate -- Housing: Why CA homes cost 3x more to build -- Education: Why CA schools spend the most but get the least -- Social: Crime, homelessness, and corruption (0:00) Intro: Steve Hilton is a Republican Brit Running for CA Governor (8:34) Zero Tax Under $100K and a 7.5% Flat Rate: Is It Fiscally Possible? (27:52) Why CA Homes Cost 3x More to Build (Unions, CEQA, and Climate Dogma) (44:50) Why CA Schools Spend the Most but Get the Worst Results (50:02) Crime, Homelessness, and the Failure to Enforce Laws That Already Exist (1:01:34) Can a Republican Actually Win California?


The primary issues I see with Miad’s notorious analysis is the fundamental lack of understanding as it pertains to countries under economic warfare pressures, and the overwhelming buy-in from a Trump Administration desperate for solutions. Let’s start with the latter. Miad is smart. Full stop, irrefutable. FDD… also sharp. But the adoption of this analysis by the White House and Treasury was not made because it was the BEST analysis that existed at the time. It was the ONLY analysis that existed at the time. That’s the problem. The Trump Administration, clear as day, entered this conflict with insufficient planning, and throughout the conflict has been entirely outclassed from a STRATEGIC perspective. Iran controls the Strait, Iran has extensive asymmetric capabilities, and Iran knows that the Trump Administration is caught in a politically untenable quagmire. Miad and FDD offered the Trump Admin a solution to their poor preparation, and they took it. The issue, however, is that Miad’s analysis was not pressure tested. It didn’t have the gift of public discourse before implementation. It did not get the opportunity to be refined and adjusted. And now we see the fallout from it. The lack of understanding aspect is truly critical, and we see this playing out with the VLCC’s loading some 8M barrels from Kharg in the last two days, of which, 6M has been loaded today alone. Miad’s analysis that points to oil well shut-ins, hyperinflation, etc., operated on the core assumption that Kharg fills capacity at a rate of 1.0M-1.1M bpd, and had at the time of the blockade implementation, 13M barrels of spare capacity, thus a projection of 13 days to shut-in. The core issue that Miad misses in his analysis, is that it operates on a status quo scenario. That’s not how countries under economic pressure operate. We saw this extensively with Russia who had massive sanctions imposed after their 2022 (2014) invasion of Ukraine. Believe it or not, they didn’t simply just roll over and call it a day. They got creative. They innovated. They came up with new methods of sanctions-evasion. They mastered known methods. Iran is the exact same. Pulling a retired VLCC out of storage allowed for an additional 2M barrels to be loaded, thus extending the timeline by +2 days. Now, we have another 6M barrels loaded, +6 days. At this point, Miad is admitting that around 18M barrels can be loaded onto available tankers. There is a HUGE difference to the global economy between a 13 day timeline and a 31 day timeline. But this still doesn’t totally account for what we will see. I don’t have a crystal ball. I don’t know what Iran will do to extend this timeline further, but if one thing is clear, they will do everything they can to extend that now 31 day time horizon to 40 days. To 50 days. 60 days. And even then? It will take WEEKS if not MONTHS for it to become truly catastrophic to the point of forcing Iran to the negotiating table or creating enough public unrest for regime change movements to occur. Miad’s core premise — oil well shut-ins, hyperinflation, public unrest — is not incorrect. What is incorrect is operating on an assumption that Iran will simply roll over and call it a day. They won’t. Miad and FDD over-promised and under-delivered, and now the world will be the ones paying the price. #Iran #Oil #Sanctions #Treasury #Trump







The Billionaire Tax is actually an Everyone Tax. The Billionaire Tax is a new tax proposal written by four professors who don't believe in the American dream. Some of them aren’t even American…go figure. Despite its name, it applies to every California resident who currently has assets or ever will. The creators named it the Billionaire Tax so you would get into a froth andwouldn't look closely at what it actually does to you. On page twenty-six, it explains how the government can convert to an Everyone Tax without voter approval. They can also adjust the tax to be a yearly tax, not just one time…again, without your approval. Here's how the tax would work: As a voter, you're being asked to approve a tax that would require you to: 1. list all your assets and the value of each, then submit them to the California Franchise Tax Board. 2. authorize the tax board to appraise your assets and confirm the value of each. 3. pay a penalty of up to forty percent of your tax bill if the board determines your reported value was too low in their opinion. 4. allow the tax board to subpoena your financial records from every one of your financial institutions for auditing. This Everyone Tax runs 34 pages of shifty language describing how the government plans to take your assets. Read the fine print and decide for yourself. If this were truly a billionaire tax, it would be 3 pages. It’s 34 pages so that it can create the mechanisms to steal from all of you.

If you gave away $126 billion to subsidize free flights between LA and San Francisco at current demand levels, you could fund roughly 150 to 200 years of travel before the money runs out.









