Mike

yall still worried about these trump tarrifs. im worried it gonna tarrif i keep crankin it to my 5k csr in halo

Trump’s meme coin peaked last year at over $45 just after it launched. Its value has since crashed 95%, destroying billions in wealth for millions of average Americans tricked into buying the token. My @Morning_Joe Chart.

Nothing stops this train.

Only one chance in this lifetime… Like watching sunset at the beach from the most foreign seat in the cosmos, I couldn’t resist a cell phone video of Earthset. You can hear the shutter on the Nikon as @Astro_Christina is hammering away on 3-shot brackets and capturing those exceptional Earthset photos through the 400mm lens. @AstroVicGlover was in window 3 watching with @Astro_Jeremy next to him. I could barely see the Moon through the docking hatch window but the iPhone was the perfect size to catch the view…this is uncropped, uncut with 8x zoom which is quite comparable to the view of the human eye. Enjoy.

Friendly reminder. Everything is a grift. — March 23: $500M oil short 15 minutes before Trump delayed Iran strikes. — April 7: $950M oil short hours before the US-Iran ceasefire. — April 17: $760M oil short 20 minutes before Hormuz declared open.

@kuhlect @iawolski This is photoshop

TBSA?

BUSH: Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.

Is this what you voted for?

How is a person supposed to tell if they are having a psychotic break or not these days? Everyone else can see the big rabbit listening to Trump talk about bombing Iran, right?

SEE THIS CUTE BUNNY? HE FUCKIN' DIES IF YOU DON'T OPEN THE FUCKIN' STRAIT

I guess grok just doesn’t work? Anyway, that at least summarizes my position. The main point is just that I think you don’t fully understand how rates work. And you seem confused about Powell’s correct acknowledging of who’s actually responsible for the sustained elevated spending, and also about the Fed’s mandate (Powell wouldn’t be responsible if the housing market crashed because the Fed’s mandate isn’t about housing). I was trying to be tongue in cheek with my AI requested response, but I can’t even get it to work so nevermind.

@_Fearanoia_ @grok @grok Help me out here you POS. I paid $8 for you

“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… 😂

In 2004, George W Bush bombed the Iraqi city of Fallujah with white phosphorus and depleted uranium weapons. 22 years later, Fallujah has the world's highest rate of birth defects. Higher than Hiroshima and Nagasaki after the U.S. dropped atom bombs on them.

Best playlist btw

yall still worried about these trump tarrifs. im worried it gonna tarrif i keep crankin it to my 5k csr in halo

@_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 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?

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.

@_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.

@_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)