Fiat Saboteur

@politicalhomles @cryptorover case in point

@cryptorover Hilarious how btc people think this is good for btc ecosystem, this is the last thing btc needs, a way to bypass sanctions, btc could face some problems if this becomes a success.

BREAKING: 🇮🇷 Iran launches “Hormuz Safe.” Maritime insurance for ships crossing the Strait of Hormuz. Payments in Bitcoin. Ministry of Economy has been on this since April. The play: control Strait shipping via insurance. Estimated revenue: $10,000,000,000. The petrodollar bypass is no longer theory.

@JEChalmers for immigrants?

BREAKING: We’ve signed a deal which means an extra 50k homes in Qld. 20k of these homes will be built for first homebuyers. Building more homes and making more of those homes available for first homebuyers is what this Budget is all about.

@carlabitcoin you will get there - new self anew improved model

I miss my old self.

diversity is our strength 1984 vibes

@BillboardChris what bitches

Look at all the women helping him to destroy their rights.

@mattjcan be more singapore 🇸🇬

We will oppose and repeal all of Labor's bad taxes. Labor's tax on property - by closing negative gearing - will go Labor's tax on investment - by increasing capital gains taxes - will go. Labor's tax on small business - by taxing trusts - will go. Labor's tax on non electric cars will go. Labor's tax on industry - through carbon taxes - will go. Labor's silent inflation tax - through bracket creep - will go. Taxes will be lower under a Liberal and Nationals Government.

@IfindRetards nice tits

Retard of the day 🥇

@Ryandally08 that would be awesome- i’d vote for him!

#BREAKING Speculation is mounting over whether Australia’s most decorated war hero, Ben Roberts Smith, could contest a seat for One Nation. Ben Roberts Smith may run for One Nation at the next election in the Western Australian seat of Canning. That would pit him against his former Military ‘brother in arms’ Andrew Hastie, who later informed on Roberts Smith alleging “war crimes” on the battlefield of Afghanistan. One Nation chief of staff, James Ashby, refused to either confirm or deny this rumour. I know who I’m voting for.

@nexta_tv more than likely jet lagged and a bit drunk

😎 While Trump is busy with diplomacy in Beijing, Elon Musk seems to be fully committed to tourist mode.

@Math_World_ 12

Question of the day

@AngusTaylorMP Did you get teased by a mean bully? Seems like you are a weak lettuce man.

People are losing hope because of Anthony Albanese. I want Australians to be able to get ahead.

@IfindRetards @MickamiousG at least with gambling you know that you won't get fucked twice

@MickamiousG The CGT change is the real problem and what we should all be angry at. The negative gearing comes second

Young Australians after the New Capital Gain Tax Changes.

@jasonpizzino tax me harder daddy

Australia should have gone further this budget rather than holding back on CGT, negative gearing and trusts... remove ALL taxes on economic productivity (personal income tax, business, employee, etc), add more tax to unproductive wealth creation (hoarding land, metals, BTC, etc). Nothing really changes until there is a fundamental change.

@ChrisEconomist you love tax? you are a numpty

Some key posts – Why I love budgets – x.com/chriseconomist… Why solving the cost of living crisis isn’t easy (& why subsidies hurt rather than help) – x.com/chriseconomist… What caused the surplus – x.com/chriseconomist… Why inflation is the disease (& cost-of-living problems are the symptoms) – x.com/chriseconomist… A reasonable ask for the budget – x.com/chriseconomist… Best case scenario for the budget – x.com/chriseconomist… And my detailed pre-budget thoughts – x.com/chriseconomist…

@r3tarddownunder eg chris richardson & all the government shill explain budget reporters

If you think that giving the government more of your money under any circumstances is a good thing, you are a retard.

@r3tarddownunder @AshPolitik labour is retarded though

@AshPolitik If you’re retarded, expect retarded posts. You’re totally fine with Albanese telling lies to get elected. Fucking retard.

If you voted for a Labor government, expect a Labor government. It might not happen overnight, but it will happen. 2019 policies were inevitable. Australians knew that in 2022 and in 2025, and they voted Labor for a better future.

@elonmusk Derby WA - free power with tidal generation.

SpaceX is considering several locations domestically and internationally to build the world’s most advanced spaceports!

@ChrisEconomist you like it because you are a socialist scumy who loves the waste and taxes

THERE'S LOTS TO LIKE IN THIS BUDGET BUT BUDGET REPAIR OVER THE REST OF THE DECADE RELIES OF WAR-AND-INFLATION DRIVEN WINDFALLS AND THE RBA WILL STILL BE WATCHING STATE AND FEDERAL GOVERNMENT SPENDING PRETTY CLOSELY There’s a lot to like in this budget. Australia has had important crisis-fighting budgets in the past few decades – think of COVID and the global financial crisis. What we haven’t had is a budget that tackles some of the ‘to do’ list that Treasury and the Productivity Commission have had in their top drawers for decades. This does that. No, I don’t love every policy change. And nor has enough been done. But the broad direction of what has been done is good. Yet these headline grabbing policies actually start small and slow. Their impact in the next few years will be modest. So how is it that deficits are set to be $45bn lower over the coming five years? That improvement is excellent news. But in a budget with a blizzard of new policy changes, the big drop in the deficit is pretty much explained not by policy decisions, but by a benevolent economy It’s the latter that’s doing the doing the heavy lifting in terms of budget repair. Simply put, a combination of war and inflation – plus a small top up from higher-than-expected migration – delivered a bigger economy for the taxman to tax. As the budget papers spell out, that’s delivered a revenue windfall of $41bn over five years – providing more than nine out of every ten dollars of bottom line improvement. And there’s an additional thing to note. The year that had been expected to see the biggest improvement in the bottom line thanks to those economic changes – the financial year just about to start – actually saw very little change in the budget bottom line. Although the tax windfall reaches its peak in the coming year – at a hefty $18.8 bn – it is largely eaten up by a similar lift in spending. Just a few months ago the government estimated its spending in the coming year would be $811bn. Now that is seen $18bn higher, at $830bn. Five months ago the nominal increase in spending in the coming year was estimated at a tight 3.1%. It’s still projected to be rather lower than it was, but it now sits at 5.3% Lots of that increase in spending is understandable. NDIS costs blowouts have continued in recent months, while defence costs are lifting too. There’s more money for the PBS. A bunch of spending goes up when inflation goes up. A weaker economy will push up the costs of unemployment and other benefits. Yet that jump in the cash spend heading into the Australian economy in the near term may raise an eyebrow or two at the Reserve Bank, especially as it comes atop recent spending increases by the states. The bottom line? There’s some much needed courage here – and that’s to be applauded. But the changes in the budget aren’t what drive the big improvement in the budget over the rest of this decade. As usual, better news is due to a windfall. And although the Reserve Bank will breathe a sigh of relief that there isn’t a big ‘cost of living ‘ spend here, nor can it safely ignore what state and federal governments are doing. Those governments are still more a part of the problem than they are a part of the solution.

@1basemoney 🇬🇧 don’t think so…

Nothing's perfect; but if folks are queuing up to join your group, you must be doing something right.

@willywoo @PunterJeff what were you asking specifically?

@PunterJeff No evidence Gemini used S&P / Moodys. Not clear if Grok did apart from applying their risk terminology.

I ask Grok and Gemini to assess the risks investing in Strategy's $STRC yield instrument. Then I asked it to estimate a yield that would fairly compensate the investor for the risk undertaken. Both concluded 11.5% was underpaying for the risk. Grok: 17-22% APY Gemini: 16% APY