How 'bout that?

@wbmosler @MonetaryWonk @DeficitOwls @StephanieKelton 💰 creation is supposed to increase the economy's income by creating assets like infrastructure or 4services rendered. 💰 creation to pay interest is just a Basic Income check to people who already have money....;-)

@alt_w_v_g @ColonelTowner Yo, in Dec 2008, I bought a lifetime Sirius subscription for $325. Done. :-). they were about to go under at the bottom of the market crash...but that deal brought in a lifeline cash Infusion, so it served the purpose. I basically prepaid 2yrs. Win/win.

Ran some diligence on SiriusXM this weekend Not because anyone asked Because my 14-year-old nephew connected his phone to my car via Bluetooth, played a Spotify playlist, and asked me what the "SXM" button was for I didn't have an answer So I pulled the 10-K SiriusXM is an $8.56B revenue company with nearly $10B in debt and a $7.4B market cap Read that again The debt is larger than the company Their business model, simplified: 1. Pay automakers to install radios nobody asked for 2. Give every new car buyer a free trial they didn't request 3. Hope they forget to cancel 4. Charge them $25.99/month for something their phone does for $10.99 That's it. That's the model. They have 33M subscribers. Sounds impressive until they lost 301,000 self-pay subscribers last year. And hundreds of thousands the year before that. Revenue has declined three consecutive years The average subscriber is 35-64, male, household income over $150K. Over half have been paying for 10+ years. These aren't loyal customers These are people whose spouses haven't noticed the $25.99 charge on the Amex yet The crown jewel of the portfolio is Howard Stern. They pay him roughly $100M a year. He works three days a week. His show averages 125K daily listeners. That's $800 per listener per year My analyst did the math three times because he thought he was wrong He wasn't For that price, you could buy each listener a Spotify family plan, an Audible subscription, and still have enough left for AirPods Speaking of Spotify. Nearly 290M premium subscribers. Growing double digits. $10.99/month. Available on every device ever made. SiriusXM. 33M subscribers. Shrinking. $25.99/month. Requires a satellite. Spotify's full-year revenue grew 19%. SiriusXM's declined 2%. Spotify trades at 74x earnings. SiriusXM trades at 5x. The market is not confused about which direction these businesses are headed Their growth strategy is called the "trial funnel." There are 7.3M people driving cars with free SiriusXM trials. The conversion rate is not publicly disclosed. Probably because it's embarrassing They have 180M "enabled vehicles" in the U.S. They have 33M subscribers. That's an 18% attach rate on hardware they already paid to install. 82% of the cars with their radios in them are generating zero revenue In any other industry an 18% hit rate gets you fired In satellite radio, it gets you a seat on the NYSE Adjusted EBITDA margin is 31%. Looks healthy. Until you realize "adjusted" is doing a LOT of heavy lifting in a company that posted a $2.08B net loss the year prior. Adjusted EBITDA was $2.73B that same year The distance between those two numbers is called addbacks And they're working overtime 2026 guidance: flat revenue, flat EBITDA, slightly fewer subscribers. The CEO called this stability and meaningful progress. On Wall Street, we call this managed decline Warren Buffett owns 35.4% of this company. This is the most confusing part. The man who said "be fearful when others are greedy" bought a satellite radio company in the age of Bluetooth. His entry was a Liberty Media arb play that accidentally became a long-term hold. The stock is down over 50% from its highs. I don't know why he's still in. You don't know why. His shareholders definitely don't know why. The bull thesis: SiriusXM has 33M people who have been paying $15/month for a decade and have no plans to stop. That's $6B in recurring revenue from people who may not even remember they're subscribed. Churn is 1.5%. Lower than most SaaS companies. The bear thesis: Every teenager alive today has never used a car radio Both are probably right SiriusXM's competitive moat is not content. It's not technology. It's not brand. It's the 47 minutes it takes to cancel over the phone SiriusXM isn't a bad company. It's a case study in what happens when your moat is consumer apathy and your growth strategy requires General Motors. Plz fix. Thx. Sent from my iPhone

@MollySOShea Let me know when he sends his kids to welding school, ok?

BREAKING: Chris Power CEO of Hadrian says “Everyone should tell their kids to quit college & get welding degrees” "The country needs you." “The next 2 decades is blue collar.” Hadrian is also bringing back Pepperidge Farms & baking. “All the white-collar jobs are going to get automated.” “We’re gonna see massive hyperinflation in blue-collar salaries.” "I think one of the greatest opportunities for private capital — apart from public-private investment alongside the Department of War (@DeptofWar) — is to build Chick-fil-A’s & bars around all of our factories. That’s free alpha. Please come set up franchises around all of our factories. We need to eat so we can work harder for the country." Chris Power (@2112Power) of @HadrianInc at Hill & Valley Forum 2026 (@HillValleyForum) cc @macbohannon

@SenMastriano @RED_IN_PA Likely staged event to keep usa out of energy prosperty.while enriching foreigners to buy up usa....as likely staged as 9.11 magical implosion and pentagon disappearing plane.

March 28, 1979 - Near Harrisburg, Pennsylvania, the Three Mile Island nuclear power plant accident occurred in which uranium in the reactor core overheated due to the failure of a cooling valve. A pressure relief valve then stuck causing the water level to plummet, threatening a catastrophic nuclear meltdown. The accident resulted in the release of radioactive steam into the atmosphere, and created a storm of controversy over the necessity and safety of nuclear power plants.

@WithoutHistory In short: The $1.4 billion in removed tariffs mainly affects the huge volumes of oil, copper, cobalt, gold, iron ore, and other minerals/metals China already buys from Africa. So its mostly raw materials and not finished goods.

CHINA DROPS TARIFFS ON ALL AFRICAN IMPORTS TO 0% STARTING MAY 1, 2026 Overnight this becomes the biggest trading block on earth While the world watches bombs fall in the Middle East, China makes its boldest move on the global chessboard. Starting May 1, 2026, the largest consumer market on Earth will fully open to African products: zero tariffs for 53 countries across the continent. President Xi Jinping announced it in a message to African leaders gathered at the African Union summit in Addis Ababa. Foreign Minister Wang Yi reinforced it: "We are removing tariffs completely to boost trade, multiply benefits for the people, and help Africa access the enormous opportunities of the Chinese market." • The numbers speak for themselves. China is already Africa's largest trading partner, with bilateral trade exceeding $222 billion between January and August 2025. But trade remains unbalanced: Chinese exports to Africa grew 24.7%, while African imports rose only 2.3%. This measure aims to level the playing field. 6A4 China will forgo roughly $1.4 billion in tariff revenue. A strategic economic diplomacy bet that strengthens its influence across a continent of 1.4 billion people, critical mineral reserves, and rapidly expanding markets. The only African country excluded is Eswatini, which maintains diplomatic ties with Taiwan. The remaining 53 will have full access to the Chinese market.

@ColonelTowner Nat.Sec-Swiss-Cheese... Engineered demise via infiltration. We need some constitutional amendments to fix all the nat.sec gaping holes

So how does ppl process this? How do you hold US citizenship and swear an oath to a foreign country and join their military? I'm talking about any country? What's the difference between friendly countries like Colombian where it's documented that their military was protecting and participating in narco trafficking. Is it ok for a US citizen to go enlist in the Colombian military and then return to the US after the experience? Where's the line? Is a first generation Russian US citizen allowed to go enlist in Russia's Army and fight against Ukraine? While the US is spending money to Ukraine to fight against Russia?

@KentMurphy I dare anyone commenting to gear up and give it a try themselves....the fact these mlb umps have like a 99% accuracy is amazin, yet they are ridiculed by guys who have a 20% succes rate at bat....and a chair critics with a tv....lol

When Max Scherzer mocked home plate ump CB Bucknor by pretending to flip a coin for calls 💀

They didn't come after me to destroy me. They came after me to destroy what you would learn once I started peeling back the layers. That distinction matters more than most people will ever stop long enough to consider. The target was never a man. The target was the truth, and the millions of Americans who might finally wake up if it ever reached them. Once you understand that, everything that happened begins to make a different and far more disturbing kind of sense. The leaks, the lies, the lawfare — none of it was chaos. It was choreography. A small and deliberate group of people calculated every move, knowing that the most effective deception is the kind that never looks like deception at all. At the highest levels of power, corruption does not announce itself. It disguises itself as justice. It wears the uniform of the process. It presents itself as the system working exactly as the founders intended. That is precisely what makes it so dangerous, and that is precisely what they were counting on you never being willing to believe. "All warfare is based on deception." — Sun Tzu

@TheLastRefuge2 Are you saying it is asking too much for the usg to work for the people who elect them vs k st who bribe them? I'd prefer if they did what the people who elected them to do?

Repeal the 17th amendment and everything changes. Everything. Not a single corrupt mechanism within the federal USG would survive this singular change. Instead, all of the K-St activity would return to the states (where you can control it).

@GhostofBPH A little late on that reveal. Damage looks done all over the place..🤕 but finally, cool....🫩

Further evidence that Joe Kent is an operative working on behalf of Tulsi/Trump. He is now publicly disclosing/confirming that the CIA worked with Al Qaeda and ISIS in Syria on behalf of Israel. (His wife was killed by ISIS in Syria) rt.com/news/636560-us…

@PatrickByrne Love him, but looks like the politicians have diabled the military from protecting the homeland while turning them in to desert mercs....just saying having a bad ass military is kind of useless when elections are so easily rigged without recourse....;-(

Information Warfare conducted against Mike Flynn. No one scares the Establishment more than Flynn. They will take ANYONE over him. They would take a third TRUMP term over having to face President Michael Flynn. Their enmity should tell you everything.

@wbmosler @greendragonhq Take interest rates back to zero, raise wages support a family on 1 income and the population growth would boom again

@greendragonhq It's a consequence of last year's low population/labor force growth.

Donald Trump has the slowest GDP growth of any President in the last 100 years. The top three are Democrats. 6 out of the bottom 8 are Republicans. But yeah, Republicans are good for the economy!

@martingeddes In godfather 3: Michael: "For me? As what? Tough guy? I don't need tough guys. I need more lawyers." The smart money maffia'ed up the legal system, so they can stay above the law...:-(

It seems like the mafia upgraded their business model from “optional extras” in life (prostitution, drugs, gambling) to “core needs” (health, energy, information). Engineered co-dependent public defends the criminals from exposure via ostracism of dissenters. Ugly to unwind.

@H1bH4VisaEnder Awan bros....nuff said...omfg ..Nat Sec swiss chese

America's IT infrastructure is so vulnerable becoz it is completely infiltrated by #h1 visa foreigners mostly from India. Indians spew their hatred for Americans openly, every chance they get. Indians commit espionage against US all the time but our gov/companies hide it from us

@ColonelTowner You might get in quick if you take any job profile. Pretty sure no wait for infantry. When I enlisted in AF, they told me 18months before they could slot me in tech job, with high asfab....that was after 3 month wait to hear that...had to pass...so it can vary

Times have changed. I enlisted and was in Lackland two weeks later.

@zablotny @AnnCoulter I prefer to be sure knowing some dipshit on the plane isnt packing. Karen's and man-Karens are bad enough without packing...lol

I worked at LAX security post 9/11 but pre-TSA and I, myself found a guy with a live grenade trying to board a flight to Asia. Turns out he was a WWII buff who was collecting era artifacts from a show in Vegas. So the live grenade flew from Vegas to LAX uneventfully but was on its way to NRT. Point is, people try to fly with weird things.

Why do Americans put up with TSA -- ever -- as if it makes sense? The insanity of forcing Americans to run a TSA gaunlet just to take a commercial flight is worse than our submission to COVID lockdowns.

@Ben_Inskeep @solari_the The gov could fund that with 1 days worth of missiles they are setting off....fffs

If you live in the bright orange-shaded region, a portion of your electric bill will be going to pay for a massive transmission project being constructed to serve new data centers in Virginia. The cost of the project just more than doubled to $960 million.

@gothburz @RepNancyMace And they're singin m.c.hammer, u cant touch this in everyone's face....🧐

@RepNancyMace The Epstein class poses the greatest national security threat to the health, prosperity, and national security of the American people. Not a foreign adversary. Not a virus. Them. They are the Deep State, they are the swamp. The names are known. The crimes are documented.

So far, the Epstein files have exposed one thing clearly: in this country, the rich and powerful play by a completely different set of rules.

@annvandersteel Its literally #bizarroworld....

On what fucking planet am I living? The 5D Chess Planet? Arrest these pieces of shit. Not promote them to steal everything we are digitally!

@CortesSteve If we replaced fed notes with treasury notes at 0%, we'd save $2T/yr! Just by cutting the fed off and letting the treasury direct issue the sovereign currency!

We must get serious about this issue. We’re nearing the edge of a cliff, just on the costs of financing the Debt — forget about paying down principal!

@TheDebriefing17 Dont ya need to identify "why" the us cattle herds are shrinking? That should be the concern.

🤔TIMELINES PATTERNS & THE NEBRASKA FIRES What if there was already a plan in place to manage a shrinking U.S. cattle supply, this is what it would look like. On Feb. 6, 2026, Trump signed a proclamation increasing the low-tariff quota for Argentine lean beef by 80,000 metric tons to help offset tight U.S. supplies and high beef prices. Then on March 19, 2026, Reuters reported Nebraska wildfires had burned about 775,000 acres of grazing land, threatening feed resources for roughly 40,000 cows and making herd rebuilding harder. So the hypothetical question is simple: Was the import move just a response to existing tight supply… or was it also a contingency move made before another major hit to domestic cattle expansion became public? Because if you were trying to stabilize hamburger supply while domestic herd growth was about to take another blow, you’d do exactly this: 👊secure outside supply first, then absorb the shock. @Homeranger17 @subdude724 @ScottZPatriot