Brookhouse Advisors

@charliebilello Seems too good to true. Like fraud maybe

Nvidia stands in a league of its own when it comes to earnings growth and shareholder returns over the last decade. We’ve never seen a company scale this fast at this size. $NVDA

What the neocons never understood is that power abhors a vacuum. Once the United States began weaponizing SWIFT, freezing foreign reserves, sanctioning entire nations, and threatening secondary sanctions against anyone refusing to comply, the rest of the world began quietly preparing alternatives. You cannot confiscate Russia’s reserves, threaten China daily, sanction Iran, pressure India, and then expect these countries to continue trusting a Western-controlled financial system indefinitely.

Dostoevsky wrote this after nearly being executed: “When I look back at my life, I feel pain not because of suffering, but because of wasted time. I see how carelessly I lived, how often I ignored the quiet voice of my soul, how rarely I understood the value of a single moment. Only when death stood before me did I realize that life is not merely existence—it is a miracle. Every minute is a treasure, and in every breath, there is the possibility of happiness.”

Koreans are surrendering life insurance policies to buy SK hynix, Insurance surrenders at the top 3 life insurers jumped 16% last quarter. Savings bank deposits fell below 100 trillion won for the first time in 4 years. Commercial bank time deposits dropped 12 trillion won since February. The entire financial system is being rerouted into 2 semiconductor stocks. When new money into a rally comes not from income but from liquidating safety nets, that is how the end of every cycle looks man, this is crazy ..... Investors over 50 now hold 62% of margin loans at Korea top 10 brokerages. Among those in their 60s, margin debt doubled from 3.9 to 8 trillion won in one year. These are people who spent decades in fixed deposits and real estate, now entering a semiconductor rally on borrowed money at record highs. When the KOSPI dropped 19% in March, leveraged investors in their 60s lost 20% on average. The rally recovered. same thing in smaller model happening in India - MTF, i feel this so stupid

COVID changed my worldview permanently. Nearly six years after COVID began, not one world leader has seriously examined what the vaccines did to the people they harmed. Not one investigation. Not one parliamentary inquiry with genuine teeth. Not one head of state who has stood at a podium and said, we owe the injured an honest accounting and we are going to provide it. The silence is universal. And it is coordinated in a way that individual negligence cannot explain. This is the observation that matters most to me, more than any document, more than any leaked communication, more than any specific piece of evidence. Because the behaviour of every major government simultaneously tells you something that the individual pieces cannot tell you alone. Genuine public health emergencies produce genuine review. What worked. What did not. Who was harmed and how. That is what accountable institutions do. What we have instead is a wall. And on the other side of that wall, the vaccine injured, still without diagnostic codes, still without compensation, still without the basic acknowledgment that what happened to them was real. While Long COVID is promoted heavily by the same governments and the same media that will not ask a single honest question about the injections. The parallel presentations. The overlapping symptoms. The convenient framing that points everywhere except at the product. The universal silence of world leaders on vaccine injury is not the behaviour of people who have nothing to hide. It is the behaviour of people who have collectively decided that the cost of honesty exceeds the cost of continued silence. That decision is itself the answer.

(Reuters) - Chicago Board of Trade wheat and K.C. wheat futures climbed by their daily trading limits on Tuesday after the U.S. Department of Agriculture projected the nation's harvest will drop to the lowest level since 1972.

Love that from the legend

I hope this isn’t real. Always like the guy but if he has his own made up religion I’m out.

This is where the narrative people have been told begins to collapse, because for years the assumption was that your data sat within a corporate ecosystem governed by terms of service and internal policies, yet what is now being constructed is something entirely different, a shared infrastructure where private data, artificial intelligence, and state power intersect.

Trump is desperate to exit this war, but publicly, he will NEVER admit it was a mistake or that he was influenced by Netanyahu’s constant propaganda to annihilate all of his enemies using the US military and American soldiers to die for his persistent hatred of his adversaries.

South Korea is simply one piece of a much larger global shift. The same debate is playing out in Europe, in the United States, and across Asia. The technology may differ, the language may vary, but the objective is consistent. Governments are moving toward a system where money is no longer just a medium of exchange, but a tool of policy enforcement.

Are we in a “stealth” manufacturing boom? No. We’re in an AI capex boom. Manufacturing production of computers, semiconductors, and communications equipment is up 89.8% since 2017! The rest of manufacturing? Down 4.3%.

🚨🇷🇴BREAKING: A 10,000 kW transformer with 30 tons of oil reportedly exploded at a heating plant in Bucharest, Romania. Massive blast. Another day, another piece of critical infrastructure going up in flames somewhere in the world.

🚨THIS IS VERY SUSPICIOUS Energy facilities around the world are getting blown up, and no one knows the exact reason. Here's a list of major oil refineries/energy facilities being blown up this month: 3rd April: Russia's Major Oil Export Terminal 4th April: Russia's Crude Distillation Unit 7th April: India's Power Plant 9th April: Mexico's Refinery 14th April: India's Power Plant 15th April: Australia's Energy Refinery 20th April: Russia's Oil Refinery 21st April: India's Oil Refinery 21st April: Romania's Power Plant 21st April: Texas Oil Rig A few of them have been blown up by drones, but most of them mysteriously caught fire. And this is happening when the world is already going through its biggest energy crisis in decades. Is someone deliberating trying to push the world economy in Lockdown 2.0 by choking up global energy?

This is actually extremely bullish!! Now we can fake re-open it again for Monday’s rally…🤣

What a cruel joke

@RippleXrpie Got to give the guy credit. He’s been great. But this confirms he is imminently scared for the lower/middle class. He wants them to lower withholding so they have more disposable income NOW vs spring of next year. Not a good sign.

💥🇺🇸 HUGE NEWS: THE U.S. IS ABOUT TO ELIMINATE INCOME TAX! US Treasury Secretary Scott Bessent: “I want to encourage everyone out there watching today to change their withholding. You will get an automatic real wage increase on a weekly or a monthly basis.”

@drewcrawford_ @davevermilion Spend 10 minutes there. Not saying it can’t have a future. Have my family lives there. But it’s definitely broken.

Most people think Brazilian assets are cheap because something is wrong with Brazil. They're wrong. Brazilian assets are cheap because of a structural wiring problem between where the money is and where the opportunity is. 92% of global institutional capital is allocated to the US, Europe, and developed Asia. Emerging markets get 8%. Brazil gets a fraction of that 8%. The average American pension fund has 0.1-0.3% exposure to Brazil. The average endowment: similar. When you ask why, you get the same five objections every time. "The taxes are too high." Brazil's corporate tax rate is 34%. The US effective corporate rate (federal plus state) averages 25-27%. The gap is real but it's single digits, not the chasm people imagine. And Brazil just passed the largest tax reform in its history (2023), replacing five overlapping consumption taxes with a single dual VAT system. The new system takes full effect by 2033. Every multinational that set up in Brazil before the simplification captured the discount. Every one that waits until after pays full price. "The bureaucracy is impossible." The bureaucracy is complex, slow, and very real. It's also completely navigable. JBS built an $86 billion company inside that bureaucracy. Nubank built an $85 billion company inside it. WEG built a $40 billion company inside it. Embraer, Suzano, Ambev, TOTVS, Localiza, Rede D'Or. Every one of these was built inside the same system that foreigners say is impossible. The bureaucracy filters out everyone who won't do the work. The ones who do the work operate in a market with less competition precisely because everyone else quit at the paperwork. "The currency is volatile." The real has traded between R$4.80 and R$6.30 against the dollar over the past three years. Volatile, yes. But every time the real weakens, Brazilian exporters become more competitive globally and dollar-denominated investors buy assets cheaper. The BCB holds over $330 billion in reserves. It intervenes actively. It raised rates to 13.75% before the Fed started hiking and fought inflation faster and harder than most major central banks in the 2021-2023 cycle. BCB independence was formalized by law in 2021 with fixed four-year terms. This is not the currency regime of the 1990s. "The political environment is unstable." Brazil has held uninterrupted democratic elections since 1989. Power has transferred peacefully between left and right multiple times. The central bank operates independently of the president. The judiciary blocked executive overreach from both Bolsonaro and Lula. The institutions held. Compare that to the US in January 2021 or the current state of French politics. Every country has political risk. The difference is that Brazilian political risk is priced in. American political risk is priced as if it doesn't exist. "Corruption is systemic." Lava Jato (Operation Car Wash) was one of the largest anti-corruption investigations in the history of any democracy. It prosecuted sitting presidents, senators, governors, and the CEOs of the largest companies in the country. Billions were recovered. Executives went to prison. The system exposed its own corruption and punished it publicly. Very few countries have investigated and convicted their own leaders at that scale. Brazil didn't hide from corruption. It prosecuted it on live television. Now look at what that money is missing while it debates these objections... A factory in Joinville, Santa Catarina producing precision components at 25% margins with zero debt trades at 4-8x EBITDA. The identical factory in Wisconsin trades at 10-15x. Same product. Same margins. Same customers. Half the price. The Ibovespa trades at under 11x forward earnings. The S&P 500 trades at 21x. Brazilian farmland costs $5,200/hectare in MATOPIBA. Iowa costs $49,400. Both grow soybeans. Brazil harvests twice per year. Brazilian beef exports generated $18 billion in 2025 (up 40% in a single year). The companies that produced it trade at a fraction of their American and Australian equivalents. Nubank is worth $85 billion and serves 110 million customers. It was founded 13 years ago by three people with no bank. WEG is a $40 billion industrial manufacturer from a town of 180,000 people that exports to 135+ countries. Most global investors cannot name it. Embraer builds half the regional jets flying in America. Its market cap is a rounding error compared to Boeing or Airbus. The discount has nothing to do with risk. The infrastructure connecting global capital to Brazilian opportunity doesn't exist yet. Nobody covers it. Goldman doesn't have an office in Maringá. JP Morgan doesn't have an analyst in Campo Grande. Morgan Stanley doesn't follow mid-market manufacturers in Caxias do Sul. Without coverage there's no capital flow. Without capital flow there's no price discovery. The asset stays cheap regardless of quality. Meanwhile in the last 18 months: Chinese FDI in Brazil grew 113%. The US committed $565 million to critical minerals. The EU signed its largest trade deal ever (720 million consumers, 90%+ tariffs eliminated). The Ibovespa hit 16 all-time records in 2026. Up 22% YTD. Up 30%+ in dollar terms in 2025. BTG Pactual reported "enormous increase in interest from large pension funds and sovereign funds." The objections haven't changed in 20 years. The taxes. The bureaucracy. The currency. The politics. The corruption. The smart money heard all five objections and invested anyway. The discount isn't permanent. It never is. The question is whether you position before the bridge is built or after everyone else has already crossed it. Brazil isn't broken. Most of the world just hasn't figured out what's here yet. They will.

To our many readers in Hungary, you have my deepest sympathy. Understand that it was necessary for a war with Russia. They were not about to allow a fair election any more than they did in Romania.