Nick

Leftists in echo chambers never got to see this side of Charlie. All they ever do is clip short videos without context to make him look bad.

Historical budget crisis... Wasn't he promising a bunch of free stuff? Running out of money didn't take long 🤣

There needs to be a way to regulate mainstream media. Program AI to fact check them. If they lie too much, then they lose their right to speak to the public. They’ve weaponized their stations, time to put an end to it.

Kind of hoping the Panthers take Omar Copper Jr in the draft.

These are the type of people that are at democratic rallies… The ones that don’t have jobs and don’t hesitate to beat up on women…

Curious to see how the crypto/financial markets perform in all of this political chaos happening. It just seems like a massive distraction to me.

@grok Please explain to my friend here how he appears to have a fundamental misunderstanding about how mortgage rates are determined (short-term Fed Funds vs mortgage rates following 10Y yields). Remind him why 2025 was the perfect case study for this: the Fed cut rates three times, yet mortgage rates stayed stuck because $2T deficits were flooding the bond market with Treasury supply. Break down why the "war on waste" or DOGE can’t actually fix the deficit when nearly 90% of all future spending growth is locked into mandatory programs like Social Security, Medicare, and interest on our debt. Explain why it might be hard to buy the "anti-corruption" Trump angle when he launched a personal crypto scam coin days before his inauguration; has fired numerous lawyers responsible with going after insider trading; and his personal pardoning of the people behind the biggest Medicare frauds in history. Explain the irony of the term limits debate given the history of the last decade, and finally, help him understand the affordability trap. Show how cheaper debt just lets buyers bid up the sticker price of houses until the monthly payment is right back where it started, which just prices out the next generation while kicking the can down the road.

“We don’t have to pay the debt down.” Who put this guy in charge? I guess I’ll just borrow as much as I want and try to use the same method… I’m sure my bank won’t disagree… 😂

@_Yiws Well if you hit a dog enough, don’t be surprised when it bites back…

@_Fearanoia_ They absolutely did. It was wrong when Dems did it, and it is wrong when Trump is doing it now. I am not a lackey for any politician or political party.

@_Yiws Much easier if I just send this through notes. I don’t use premium.

If that is your position, which is the correct position and also happens to be Powell's position, that is certainly not Trump's position as evidenced by Trump 1 (where the deficit increased more than Obama 2, even before COVID spending started) or Trump 2 (proposed 50% military spending increase & like ~$2T FY26 deficit). Look at the pictured quotation. He said the cliche "we need to grow our way out of it!" but what do you think he means by "we need to have primary balance?" He's saying what you're saying: The government kicking the can down the road forever is unsustainable. The _level_ is not unsustainable because what matters is the debt trajectory ("the path"), not the level. He's saying Congress must (mathematically, at minimum, and excluding interest payments on debt) stop increasing spending year after year at a rate that is increasing faster than GDP is increasing. Instead of the needed austerity (cutting Social Security, Medicare/Medicaid, or the Military budget), Trump knows another method help prevent the debt ballooning in the short-term is artificially suppressing interest rates, which is surely a part of why Trump's lawfare against Powell is happening. But, as Powell rightly notes, it's not the Fed's job to balance the federal budget, and it's not the Fed's mandate to secure low interest rates just so Congress and the federal government can avoid making hard (financially prudent, but politically unpopular) spending decisions. And none of that even touches on the great importance of US gov debt maintaining its exorbitant privilege, coveted globally as risk-free pristine collateral which is due to decades of perceived Fed independence. Foreigners trust in the Fed's ability to maintain low inflation rates and make policy decisions independent of political pressure -- this is plainly threatened when Trump "says the quiet part out loud," explicitly advocating for the Fed to lower rates for debt servicing reasons, and undermining Fed independence with attempts to goad Powell into lowering rates. Without that exorbitant privilege, every American's life drastically degrades.

Couldn't have said it better myself 😂

@_Yiws Sovereign balance sheets are different because they can just print more money, which is a main factor when it comes to inflation… We can’t just keep kicking the can down the road…

@_Fearanoia_ Isn’t Trump the guy who complained about lawfare? Anyway, yes, there is a shit ton to learn, and again I’m not trying to be an asshole, but Powell’s original point in is correct and your critique is wrong: Sovereign balance sheet dynamics are nothing like a household’s.

@_Yiws That’s still such a small timeframe… Also, are you gonna act like the democrats didn’t throw Trump through the judicial gauntlet when running for his 2nd term? Were you just as angry at them as well?

@_Fearanoia_ I put a timeline of 30 years because my original claim was Trump is the only President in our lifetimes that has done it — and he’s done it so brazenly, going so far as to basically making up corruption charges against Powell, attempting to subpoena him (which courts rejected)

@_Yiws Love how you put a timeline of 30 years on it. If you didn’t know, there were several presidents that served their full 2 terms. That’s a short sample when it comes to political history.

@_Fearanoia_ OK

@_Yiws I didn’t start getting into politics all that heavily until the whole Biden term occurred. I’ve been researching and learning ever since, but if you haven’t noticed, there’s a vast amount of info to learn when it comes to politics. I’m sorry I missed that one 😂

@_Fearanoia_ You didn’t know who put Powell in charge but you’re well-versed in monetary policy and historical occurrences of Fed criticism? 😂 Sorry not trying to be an asshole, but it is laughable. Have a good Sunday

@_Yiws You’re completely wrong on that. You can go ahead and fact check it if you’d like 🤷🏻‍♂️ If rates don’t lower soon, the housing market is at risk of collapsing, which many people have their wealth/retirement tied into. Lower rates will allow more buying pressure.

@_Fearanoia_ Not to mention… Presidents do not routinely criticize the Fed or Fed chairs (I am not saying they shouldn’t), but exactly one president in our lifetime has done that.

@_Yiws Yes, because I’ve seen this topic debated before and have learned it’s a normality for presidents to criticize past Fed chairs. I’m glad we have now shifted the goal post to, “you’re using AI”

@_Fearanoia_ Presidents criticize Fed chairs all the time, it's called accountability, not hypocrisy. Powell's stubbornness risks turning a temporary shock into unnecessary pain. You are seriously claiming this is your writing and not AI generated?

@_Yiws Bro, 2.4% is still way better than the 9% we had a couple years ago. It's heading in the right direction, not perfect but not a disaster either. Let’s not act like the 4 years of Biden wasn’t a disaster. Instantly claim my response is AI when I give a legitimate rebuttal 😂

@_Fearanoia_ Even if we assume inflation really is 2.4% (it’s not), that is ~25% higher than target. Is 25% off from goal “near target?” (No) Fun AI response though

@_Yiws I may support Trump, but that doesn’t mean I support everything he does. He was the better option. I can admit he made a shit hire, but at least he hasn’t been trying to keep the guy…

@_Yiws Presidents criticize Fed chairs all the time, it's called accountability, not hypocrisy. Powell's stubbornness risks turning a temporary shock into unnecessary pain.

@_Yiws Put in place by Trump and renominated by Biden. Trump has now tried to remove the guy in his 2nd term. Plenty of people can turn out to be bad hires, but at least he understands that the dudes track record has been awful since 2017 lol

@_Fearanoia_ Household debt isn’t the same as sovereign debt — but you should google who put him in charge lol