China does not prove that communism works. China proves that abandoning communist economic policies works.

Norway's wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M. citizenvoante.com/insights/norway-wealth-e...Mostrar mais

Argentina 🇦🇷 A great day for freedom and democracy. Freedom advances, and the socialism that destroyed the country is defeated without doubt. VLLC @JMilei

Scary....

"Foreigners are selling US debt"... Oooops via Bloomberg

Japan, a great country with public finances destroyed by Keynesianism. Spending out of control, record debt... Yields soar, currency plummets. via Bloomberg

Think about this: UK 🇬🇧: Stagnation with rising government spending and higher taxes, and rising inflation. France 🇫🇷: Stagnation with unsustainable government size and destructive taxation. Germany 🇩🇪: Stagnation with rising government spending and the wrong energy and im…Mostrar mais

Gold tells you the purchasing power of fiat currency is dying fast. via Bloomberg

Gold is money; sovereign debt is no longer a reserve asset. Central banks are buying a lot, but they need a lot more. For gold to account for 60% of total reserves, central banks would need to purchase an additional 40,000–60,000 tonnes of physical gold, doubling or tripling th…Mostrar mais

Gold is not "rising". Fiat money is plummeting.

New feudalism: Government promises free stuff printing currency and increasing debt. The currency loses purchasing power. Your real wages fall, your taxes rise, your savings disolve and you cannot afford most things. You are poorer and more dependent. Repeat.

The truth sbout inflation. Never forget. Vía @cboyack

No, it's not Bitcoin. It's the UK sovereign bond yield. New highs, worse than Greece or France. The government budget massively increases spending and destroys the economy with more taxes. No one resigns. Socialism always destroys what it pretends to defend. via Bloomberg

With President Milei. A friend and an example for all defenders of freedom of the world. ¡Viva la libertad, carajo! @JMilei

Argentina eliminated currency exchange controls. What happened? ❌Keynesian "experts" said inflation would soar to 5%-7% per month. ✅Inflation falls to 2.8%. Keynesians are wrong. Again. A lot accomplished. A lot to do. Freedom advances. @JMilei

Global money supply is soaring to new record highs and markets see it. via Bloomberg

The global money supply is soaring. This is what you should be worried about. via Bloomberg

🇦🇷Argentina. President Milei continues to deliver. ✅Currency controls eliminated ✅IMF deal achieved. ✅Poverty at lowest level since 2022 ✅Unemployment declining fast. ✅Real wages rising. ✅Economic growth. ✅Full economic recovery from the nightmare inherited from socialism. L…Mostrar mais

The next time you read about the current "bond crash" and "soaring bond yields", remember

Milei breaks employment record in Argentina. The economy grows more than 5% annualized, real wages rise and inflation improves. @JMilei

"Unused savings" is an absurdity that only European Commission bureaucrats would invent. 1- All savings are invested in the economy. 2- What the EU wants is to take control of your money.

#Argentina economy expands at a 3.3% pace, fully recovers and poverty falls to lowest level in two years. Freedom advances. @JMilei www.eleconomista.es/economia/noticias/1324...Mostrar mais

Germany was once a global industrial powerhouse. Only politicians could have destroyed such strength. And they did. Insane energy policy, ridiculous automotive sector obligations, high taxes, and crippling regulatory burdens. On Sunday, Germans can vote for more of the same with…Mostrar mais

Christine Lagarde says Europe will welcome all those US citizens disillusioned with Trump. I can picture the hordes of Americans eager to get more than 60% of their income taxed and forced to hire union representatives in a 50 employee business. www.ft.com/content/b6a5c06d-fa9c-4254-adbc...Mostrar mais

"Europe will stay the course" is hardly good news when the course is stagnation, high taxes, low competitiveness, and excessive debt. www.euronews.com/my-europe/2025/01/21/von-...

The UK is not in stagnation due to Brexit. France and Germany are also in stagnation. The UK is in stagnation because it kept all the bureaucracy and taxes of the EU. Graph via JP Morgan

Javier Milei’s first-year success is not a miracle; it’s economic logic. @JMilei tomorrowsaffairs.com/mileis-first-year-suc...

The UK is in stagnation but so are Germany and France... in the middle of the largest "stimulus" plan in years. "Brexit" did not fail. What failed are the politicians that kept & increased the taxes and regulations of the EU. That is why the UK and euro area are in stagnatio…Mostrar mais

Brazil Real Falls to Lowest Level In A Decade. Hey, Lula. Great policy... Making all poorer. via Bloomberg

Argentina will be one of the fastest-growing economies in 2025, offsetting the entire slump inherited from Peronism. According to Bloomberg Economics. @JMilei

Argentina. One year of Milei: - Inflation slashed from 25.5% monthly to 2.7%. - Poverty rate demolished from 54.9% to 41.7% (expected for December, UCA) - From 2.7% primary deficit to 1.7% surplus. - Dollar blue and official rate converging. - Country risk obliterated. - Doll…Mostrar mais

Argentina 🇦🇷 Many said it was impossible, and it is real. - Fiscal surplus - Demolishing inflation - Poverty falling. - Country risk obliterated - Peso rates (official and blue) converge. It's not luck. It is determination. Lots done and lots to do. Freedom soars. @JMilei…Mostrar mais

At the Casa Rosada in Buenos Aires with the great Manuel Adorni. Freedom advances. Make Argentina Great Again. @madorni

Bitcoin deemed "useless paper" by ECB economists. Euro going even lower. Go figure via Bloomberg

Argentina. Milei rocks. @JMilei

Spain flood. Misinformation The BBC is lying in this headline. Anger of crowd was directed to the politicians, especially PM Sánchez, who fled the scene. Video below. The King and Queen stayed and comforted the crowd. Vídeo below. @BBC should change the story. It is insulting…Mostrar mais

The bond market does not believe the Fed. Bonds signal inflationary and economic weakness risk is rising. via Bloomberg

Global net liquidity is exploding. This means unprecedented monetary destruction, economic secular stagnation, and risky assets' expansion. via Bloomberg

The Fed is bailing out the Treasury. Rate cuts incentivize more debt. More debt means more printing. Get ready

Gold is money. Everything else is credit. Quote attributed to JP Morgan. Graph Bloomberg

France arresting the CEO of Telegram for some suspicious messages in the platform is like France arresting the CEO of a French postal or telecom company for some criminal sending letters or using burner phones. This is just another threat to free speech and free enterprise

Bank of Japan 1. Prints insane amounts of money. 2. Becomes largest holder of ETFs in the Nikkei, incentivizing investors to purchase Japanese ETFs borrowing in yen. 3. Yen falls to 40-year lows 4. BOJ blames "speculators". A classic. 5. BOJ spends billions stabilizing the yen 6…Mostrar mais

France’s Problem Is Not the “Far Right.” It Is Socialism. A Warning For All. @mises mises.org/mises-wire/frances-problem-not-f...

France was going to choose between debt, more debt and way more debt. Way more debt it is. Fascinating. Deficit and debt projections via Bloomberg.

Keep defending freedom. A hero. @JMilei

With Javier Milei. President of Argentina. Fighting for freedom and against insane fiscal and monetary policies.

Soft landing... the 2007 version

Here we go... Percentage of new bonds that mature in one year.

The world will need 300 more mines of lithium, nickel, cobalt etc for the electric vehicle rollout. via @chigrl

The Bank of England is combating inflation by printing more money to "calm" markets impacted by inflation. What can go wrong?