Doomsday shortages
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Forwarded from Fireworks Daily Team (Mezlim)
🇺🇸🇺🇸 A historical note on how fast Superpowers can collapse

In early 1991, Soviet citizens voted on the New Union Treaty which proposed to reform-rather than dissolve-the USSR. 76% of Soviet voters ultimately supported maintaining the federal system of the Soviet Union, including a majority in nine of the 15 republics. A year later, however, the USSR didn’t exist.

In 2021, an astonishing 66% of Southern Republicans and 50% of independents were in favor of secession. The West Coast also showed strong support for secession but of a different political flavor, this time being mostly supported by Democrats.

In this sense, the U.S. is already in more of a precarious situation than the USSR was in early 1991…
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Forwarded from Fireworks Daily Team (Mezlim)
🇺🇸💵 - Former U.S. Treasury Secretary says inflation calculated using pre-1983 methods peaked at 18%

US retail investors bought 50-70% of UST issuance last 3 years at 2y, 3y, 5y, 7y, 10y, 20y, & 30y tenors, all at ylds <5%.

“If you don’t know who the sucker at the card table is, it’s you.”

🔗 Luke Gromen
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Forwarded from Roosevelt Terriers Helping Pirate
Forwarded from Roosevelt Terriers Helping Pirate