Peach Frog

Pierre Poilievre: "[Socialists] say that human beings are wretched, self-interested, greedy when they're in the private voluntary economy, but they're angels when they're in the governmental economy. And therefore they argue that the government should just control everything."

This jump in military spending, when US deficits are already under structural pressure to increase, will herald the changes that upend the current global monetary system and usher in the next iteration. Capital will increasingly lose the freedom to choose its landing spot. Foreign investment will be called back in a return to "home bias" in order to finance growth agendas. Contingent state guarantees will backstop directed credit growth (thus broad money growth) in industries vital to defense and sovereignty. Pensioners and lending institutions will be forced to absorb increasing levels of govt bonds, at first through friendly policies that *allow* more purchases, but eventually through compulsion and at yields that fail to compensate for inflation. Savers will be made to bear the burden in all instances. The times, they are a-changing. /1 (more posts in thread) "Now that a critical mass of global financial activity involves either rolling existing debts or borrowing to sustain consumption rather than new productive investment, we are entering a period where the freedom of capital to choose its home will likely begin contracting out of sheer necessity. That will take the form of capital controls, forced buying of govt bonds by savers and firms, increased taxation, realignment of global supply chains into more fractured and belligerent blocs, central banks stripped of their autonomy to enforce price stability, and eventually directed credit toward critical domestic industries as nations turn inward to secure their agendas. Capital must be corralled and cajoled in order for the state to ensure its survival, which means commandeering the will of the free market as deemed necessary." -me, April 2025

Genuine question, had Kamala and the Dems won, would we still have been at war with Iran?

In addition to U.S. Army Chief of Staff Gen. Randy George, Defense Secretary Pete Hegseth is also removing and forcing the retirement of Gen. David M. Hodne, a Former Army Ranger who leads the Army Transformation and Training Command (T2COM), and Maj. Gen. William Green Jr., the Chief of the Army’s Chaplain Corps, as Hegseth and his team escalate their long-running feud with Secretary of the Army Daniel P. Driscoll, who reports indicate may soon be departing the Trump Administration.

Pierre Poilievre attempts to define 'gdp per capita': "It's your income, really."

We were approaching an apex of global change regardless who the US elected president. The world has been on a largely uninterrupted run of balance sheet growth cyclically since GFC and at the sovereign level secularly for 50 years since the Treasury standard began. It was powered by Volcker's obscene rate policy in the 1980s which broke inflation but teed up a 40-year bond bull market that let policymakers juice every growth hiccup with ever lower interest rates. But that era is definitively over. There is no lower rung on interest rates to bail us out next time. Covid shot that final bullet and awakened the dragon of inflation. The natural gravity for rates now is higher. Now that a critical mass of global financial activity involves either rolling existing debts or borrowing to sustain consumption rather than new productive investment, we are entering a period where the freedom of capital to choose its home will likely begin contracting out of sheer necessity. That will take the form of capital controls, forced buying of govt bonds by savers and firms, increased taxation, realignment of global supply chains into more fractured and belligerent blocs, central banks stripped of their autonomy to enforce price stability, and eventually directed credit toward critical domestic industries as nations turn inward to secure their agendas. Capital must be corralled and cajoled in order for the state to ensure its survival, which means commandeering the will of the free market as deemed necessary. No Trump trade deal has the power to stop the pendulum from swinging, in fact his fractious style may have merely accelerated the change. Half a century worth of volatility dampening status quo won't reshape into a new order in weeks or months. It will unfold over years, during which time real rates are likely to go lower (meaning higher inflation relative to rates) to enable servicing of debts, causing fiat savers to see acute losses of purchasing power. Own assets which cannot be trivially debased.