The tectonics of global investment are undergoing spectacular upheavals, to the severe detriment of the United States, which is experiencing a full-scale exodus.
Foreign investors and speculators are liquidating U.S. assets at the most dramatic level of the CENTURY, accompanied by massive capital outflows being repatriated outside the U.S.
Breaking news: According to Bessent, U.S. Secretary of the Treasury, since the top 10 wealthiest individuals in the U.S. hold 88% of the stock market, and the next 40% hold the remaining 12%, the bottom 50% of Americans are not being impacted by the sharp market downturn.
A misleading and opportunistic pretext, as a stock market crisis inevitably spreads, step by step, to all participants and users of the economy.
The argument that only the wealthiest will be affected by market volatility also overlooks the fact that these “tariffs” effectively act as a massive tax—one that will harm, first and foremost, the most vulnerable.
“Liberation Day” is, in reality, synonymous with the largest tax hike in the United States since 1968: a sudden 22% surcharge on Americans’ taxes, calculated by J.P. Morgan.
Dear readers,
This blog is yours: I maintain it diligently, with both consistency and passion. Thousands of articles and analyses are available to you here, some dating all the way back to 1993!
What were once considered heterodox views on macroeconomics have, over time, become widely accepted and recognized. Regardless, my positions have always been sincere.
As you can imagine — whether you’re discovering this site for the first time or have been reading me for years — the energy and time I dedicate to my research are substantial. This work will remain volunteer-based, and freely accessible to all.
I’ve made this payment platform available, and I encourage you to support my efforts through one-time or recurring donations.
A heartfelt thank you to all those who choose to support my work.