George Squatchington

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George Squatchington

George Squatchington

@SquatchCapital

Macro Economics, Geopolitics, Small Business & Commercial Real Estate. *Proudly blocked by Wumao (五毛) and Vatniks everywhere.

United States Katılım Mart 2018
517 Takip Edilen156 Takipçiler
daz
daz@MetamateDaz·
You’re born onto a planet you never asked to exist on… and society immediately hits you with: “Okay, now go earn the right to eat, sleep, rest, and have shelter.” Like… zoom out for a second. We’re floating on a rock in infinite space and we created a game where you have to spend most of your life working just to not starve or freeze to death. The whole concept is actually insane when you think about it.
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Warren Gunnels
Warren Gunnels@GunnelsWarren·
No. When Jeff Bezos pays a lower tax rate than a truck driver, the tax code is not progressive. It's rigged. Jeff Bezos Worth: $279 billion Tax Rate: 0.98% Truck Driver Income: $63,890 Tax Rate 8.4% Teacher Income: $69,860 Tax Rate: 9.8% Nurse Income: $98,430 Tax Rate: 13.3%
Jeff Bezos@JeffBezos

Yes, the United States has the most progressive tax system in the world. The top 1% pay 40% of taxes, the bottom 50% pay 3% of taxes. We can make it even more progressive by zeroing out taxes on the bottom half. It’s a small amount of the total tax revenue but very meaningful to people in this group.

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unusual_whales
unusual_whales@unusual_whales·
BREAKING: Trump and sons to be ‘forever’ exempt from tax audits, per FT
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S.🎧
S.🎧@1ssve·
why does no one care about the fact that we’re projected to run out of clean drinking water by 2039 because of how much water ai data centers use please stop using chatgpt y’all, i beg. you do not need a shitty looking cartoon of yourself, i promise. the planet is dying.
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Tsotne Bakuria
Tsotne Bakuria@TBSNNNL·
@Glenn_Diesen Putin has been extremely restraint on using excessive force against the Ukrainian people. He could have totally obliterated all major cities in Ukraine including the capital city of Kiev in a matter of hours.
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Glenn Diesen
Glenn Diesen@Glenn_Diesen·
After today's attack on Moscow, I am convinced that a Russian retaliation against NATO is coming: - Ukraine has the right to strike Russia, but this was also a NATO attack. Russia has now every right to strike NATO. Absolute madness.
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Mark Ronsini
Mark Ronsini@Luckismyfriend·
@Glenn_Diesen But, poke the bear, and don't cry to the US when the bear comes back at you
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Rep. Jack Kimble
Rep. Jack Kimble@RepJackKimble·
Just a friendly warning. We don’t even make $200k per year in Congress despite working nearly 140 days. If we aren’t properly compensated, a lot of us will go to the private sector and you will be left with some real idiots in Congress.
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Chosenprofits
Chosenprofits@sammoreprofits·
@SquatchCapital @zachmelloh26 Bro what?? I was actually conservative with $2200 rent for $400k homes that actually just section 8 bottom barrel tenant’s. I can show you tons of 400k homes will rent for 2500+ in FL And B properties all day! You dont know what your talking about. ✌🏼
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Zach Melloh, CFP®
Zach Melloh, CFP®@zachmelloh26·
Mike retired at 54 with $ 4.1M. He had done everything “right”: • Maxed out his 401(k) • Saved consistently for 30+ years • Paid off his home • Avoided debt But:
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Amy Reichert
Amy Reichert@amyforsandiego·
San Diego Mayor @ToddGloria is cutting public bathrooms but somehow still has money to install more bike lanes. These new lanes just turned a major 2 lane road into a one lane traffic nightmare so bicycles can have more space than cars! This is what Democrat leadership looks like in San Diego. Higher taxes, worse roads, fewer services, and endless virtue signaling projects nobody asked for.
NBC 7 San Diego@nbcsandiego

Using the bathroom could soon be tough to do in a number of popular public spaces in San Diego. Mayor Todd Gloria's proposed budget for fiscal year 2027 would close 38 public bathrooms to save $3 million. on.nbc7.com/NU4IZgj

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George Squatchington
George Squatchington@SquatchCapital·
@sammoreprofits @zachmelloh26 Your 6.6% cap rate deals don’t exist for someone who wants to retire. Maybe in the rust belt or tertiary markets in the Midwest, but no sane person puts their retirement into class c properties in shite markets.
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Chosenprofits
Chosenprofits@sammoreprofits·
@SquatchCapital @zachmelloh26 I don’t think you understand the assignment genius. $180k and losing sleep because you might run out of $ is piss poor! This isn’t about allocation its preservation. Give me 10 paid off houses that pay me 200k yr after opex any-day over a depleting portfolio.
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Chosenprofits
Chosenprofits@sammoreprofits·
@SquatchCapital @zachmelloh26 180 a year vs 264k a year. Plenty room for Opex and not having to worry about running out of $. Come to my school I’ll gift you free tuition smarty pants. 😉
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Chosenprofits
Chosenprofits@sammoreprofits·
@zachmelloh26 4Million buys 10 rental properties 🏡 @ 400k ea. They can rent out at $2200 EA. = $22,000 Month = 264k a year. Need more money borrow against 1 of the 10 let tenants pay off. I can go on how 401 is a scam more but I wont..
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George Squatchington
George Squatchington@SquatchCapital·
What Is the Thucydides Trap? Xi Jinping warned Trump about a 2,400-year-old theory of inevitable war between rising and established powers. Here's what it means, why Xi keeps using it, and how the press covered it differently. dailycomposite.com/editorial/thuc…
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hunter
hunter@hxxntrr·
You can take $250K from the banks, buy $250K in gold bars, store them in a private vault, and use the gold as collateral to borrow ANOTHER $200K from a different bank at 4% interest that you use to pay off the original 0% cards You now have $200K in cash, $250K in gold, and your only debt is a 4% collateralized loan against an asset that has gone up every single year for 24 straight years This is how billionaires avoid taxes and it works at any scale Here's the chain: Step 1: Stack $250K in 0% business credit. Standard play. 6 banks, bureau sequenced, 11 days Step 2: Liquidate $242K (after processing fees) into your business checking Step 3: Buy physical gold. Not GLD. Not a gold ETF. Physical gold bars and coins from a dealer like APMEX, JM Bullion, or SD Bullion. At current prices ($2,300/oz) that's roughly 105 ounces. About 6.5 lbs of gold. Fits in a shoebox Ship it to a private vault (Brinks, Loomis, Delaware Depository). Storage cost: $150 to $300/year for this amount. The vault is insured. Your gold sits in an allocated account meaning those specific bars belong to you, not the vault company Step 4: This is the magic part. Take your vault receipt showing $242K in stored gold to a bank or private lender. Apply for a Securities-Based Line of Credit (SBLOC) or a collateralized precious metals loan. Multiple lenders offer this: banks, credit unions, and specialty lenders like Vaulted or BOLD They lend you 70 to 80% of the gold's market value. 75% of $242K = $181,500 Interest rate on a gold-collateralized loan: 3.5 to 5.5% depending on lender and LTV. Call it 4.5% You now have $181,500 in cash from the collateralized loan. Use it to pay off $181,500 of the original credit cards. Remaining credit card balance: $60,500. Pay that off over 6 months from income or savings What you now own: $242K in physical gold (in a vault, appreciating) $181,500 in collateralized debt at 4.5% (interest-only payments available) $0 in credit card debt All original credit lines still open and available Interest-only payment on $181,500 at 4.5%: $680/month "$680/month for what?" For holding $242K in gold that historically appreciates 8 to 12% per year. Gold has had a positive annual return in 20 of the last 24 years. It returned 13% in 2023. 27% in 2024. It's up 23% year-to-date in 2025 If gold returns 10% this year, your $242K in gold becomes $266K. You made $24,200 in appreciation. Your interest cost on the collateralized loan: $8,160/year. Net profit from the spread: $16,040 You're being paid $16K/year to hold gold that the bank's money bought And here's where the tax play comes in. This is the part that makes accountants get emotional You NEVER SELL THE GOLD. If you sell it, you pay capital gains tax (28% on precious metals, the highest rate for any investment asset). Instead you borrow against it. Loans are not taxable income. When you borrow $181K against your gold, the IRS doesn't consider that income. It's debt. Even though you have $181K in cash from the loan, your tax bill: $0 This is the same play billionaires use with stock. Elon Musk doesn't sell Tesla shares and pay 20% capital gains. He borrows against them at 2 to 3% interest from Goldman Sachs. He gets cash. Pays no tax. The shares keep appreciating. He borrows more against the higher value. Repeat forever You're doing the identical play with gold instead of Tesla stock. Bought with bank money instead of PayPal founding shares. At 0% initial cost instead of whatever Elon's cost basis was The perpetual loop: Year 1: Gold at $242K. Borrow $181K at 4.5%. Use cash to pay off credit cards and live Year 2: Gold appreciates to $266K. Refinance the collateralized loan at 75% of new value = $199K. Pay off old loan ($181K). Pocket $18K cash tax-free. New loan interest: $746/month Year 3: Gold at $293K. Refinance again. Pull out more cash. Loan gets larger but so does the collateral Year 5: Gold at $355K. Collateralized loan at $266K. You've pulled out $85K in tax-free cash over 5 years from refinancing against appreciation. Paid $0 in capital gains. Gold is still in the vault. Still yours The $680/month in interest is the only real cost. And it's deductible as investment interest expense if you itemize. At a 37% tax rate that $680/month costs you effectively $428/month after the deduction $428/month for a self-funding gold position that generates $16K+/year in appreciation and unlimited tax-free cash access through collateralized borrowing "What if gold drops?" If gold drops below your loan-to-value threshold the lender issues a margin call. You either deposit more collateral (more gold or cash) or they liquidate enough gold to bring the LTV back in line. At 75% LTV, gold would need to drop 25% before a margin call. Gold hasn't dropped 25% in a calendar year since 2013. And even then it recovered within 18 months The chain again: Chase lends you $250K at 0% You buy gold You borrow against the gold at 4.5% You pay Chase back with the gold loan Chase got $0 in interest The gold lender gets 4.5% (tax deductible for you) The gold appreciates 8 to 12% per year You never sell the gold so you never pay capital gains You borrow against the rising value tax-free Repeat until you die This is how generational wealth works. Not by earning income and paying 37% tax. By acquiring appreciating assets with borrowed money and borrowing against those assets instead of selling them. The tax code was written for this exact behavior the IRS taxes income. the IRS taxes sales. the IRS does not tax loans. borrow against everything. sell nothing. the billionaires figured this out 50 years ago. you can do the same thing with a credit score and 105 ounces of gold in a vault lmfaooo (we get 700+ score business owners $100K-$250K in 0% business funding. what you buy with it and how you structure it is between you and your accountant. link in bio)
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SeekerOfSignal
SeekerOfSignal@SignalWayfinder·
@_TheRealFano_ @juliandorey @LibertyLockPod Who said we weren’t around for that, fun how you read something and then you decided it was fact. Cereal box, who eats cereal these days, it’s all poison. Either way we are here and they are not. So thanks for aiding me in making my point.
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Julian Dorey
Julian Dorey@juliandorey·
"The Lex Fridman - Elon Musk 2027 AI Warning conversation was deleted..." An AI conversation involving Elon Musk and Lex Fridman left a lot of people unsettled… Because the deeper they went into the future of AI — the darker the implications started sounding. @LibertyLockPod
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