TFreeze

> be Dutch anon > buy 100 shares of a tech company with my life savings > stock goes up because the CEO tweeted a frog meme > haven't sold a single share, still eating mayo on bread for dinner > government appears out of the canals like a swamp monster > "GEKOLONISEERD. THAT'S 36% OF YOUR IMAGINARY PROFIT, MENEER." > explain that I literally don't have the cash because I haven't sold anything > "SELL THE STOCK TO PAY THE TAX ON THE STOCK YOU'RE HOLDING" > forced to sell 40% of my position just to pay for the privilege of owning the other 60% > stock crashes 50% the next morning > I now owe the tax office more than my entire portfolio is worth > have to sell my bicycle and my wooden shoes to cover the debt > government uses the money to build a slightly taller levee to protect a pile of dirt > cycle to work in a rainstorm while a tax collector checks the appreciation value of my raincoat > "unrealized gains" more like "realized poverty" > mfw I’m being taxed on the vibes of future wealth

US JOB GROWTH REBOUNDS, UNEMPLOYMENT FALLS U.S. employers added 130,000 jobs in January, the strongest gain in over a year, and the unemployment rate fell to 4.3%, signaling a stabilizing labor market. Hiring was led by health care, with gains also in construction, business services, and manufacturing. Government jobs declined. Markets reacted by pushing back expectations for the first Fed rate cut to July. However, revised data showed job growth in 2025 was nearly 900,000 lower than previously reported, highlighting how weak hiring had been before the recent pickup.

Warsh, the next Fed chair, will inflate the debt away. He is in favor of yield curve control. - This means pegging US short-term interest rates to an artificially low level - The Fed commits to buying unlimited amounts above that level to push interest rates down This would be reminiscent of the WWII period. Back then, US debt-to-GDP was 125% vs 121% now. YCC enabled the government to borrow vast amounts of USTs without blowing out interest expenses. Those costs were pushed onto citizens via inflation. From 1945-1980, the US gradually brought debt-to-GDP down to 30%, which later enabled Volcker to raise rates to 20% to kill inflation. This seems to be Warsh’s playbook. The idea that Trump would nominate someone more hawkish than Powell, after attacking him for over a year for being too hawkish, was ridiculous to begin with. Inflating the debt away was always the plan… needless to say, hard assets outperform during inflationary periods.

JANUARY LAYOFFS SURGE TO 17-YEAR HIGH U.S. employers announced 108,435 layoffs in January, up 205% from December and the highest January total since 2009, according to Challenger, Gray & Christmas. The surge was led by transportation, with UPS planning up to 30,000 job cuts, and tech, driven mainly by Amazon’s 16,000 planned layoffs. Healthcare also saw notable reductions. Loss of contracts and economic uncertainty were the main drivers, while AI accounted for 7% of cuts. Hiring plans were weak, with just 5,306 announced — the lowest January level on record.

Kevin Warsh on what he's going to the Federal Reserve's $6 trillion+ balance sheet. He's going to slash it. QE to QT. Bad news for trading sardine speculative assets like Bitcoin. QE has led to wealth inequality and the great inflation: "One of the consequences of this institutional drift [QE] is the inflation that we've witnessed over the course of the last five years .. 52% of our fellow Americans own no financial assets. .. They're living off their W-2 income and this surge in prices have destroyed them. It's the most regressive tax any government could ever come up with. Imagine if we had a central bank that had been deadly focused on that. I think we wouldn't have taken a divided country and made it more divided. When we have a big balance sheet, we're asking for the inflation that came." "My recommendation is a smaller balance sheet. Takes the Fed back to a more manageable size, more serious job." "I would say it is trillions larger than it needs to be."

*GOLD -8% *SILVER -21% *COPPER -5% *PLATINUM -18% *PALLADIUM -14% The Warsh Wreck™️