More private debt

In a vaccum it’s good that Syrians get official access to foreign currencies, but the Gov is AQ.

And fundamental constraints continue on Syria, like low tax collection, force ppl to Syrian Pounds over Lira or Dollars.

And the foreign currency access may be financed by the Govt taking on more foreign debt too.

“just because”

If these clowns form a large enough UK Government, they will face the same thing Starmer is facing currently. There is no alternative to Government spending. There is no alternative to demolishing the bond market myth.

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I know news but I think this is important even as news. Micron stock is up 13% today, 31% in 5 days, 188% in 6 months and 759% in 1 year. Shit looks like the climate change graph.

They aren’t even making that much more chips, just the margin superprofits. When will it all come crashing down? I don’t know, but Hormuz stuff may be the turning point

May be. But keep in mind workers will need credit provided by the state to operate and expand (and biases show up there instead).

Contra is so washed.

Experienced another GDP moment. So, I was trying to transfer my shares (ikik ) from one broker to another (ACATS transfer). They charge ~$100 for the privilege. Why? Because they can, it’s a rent meant to cause ‘friction’ so people don’t move shares one broker to another freely (unless if you are extremely rich in which case the receiving broker will give you a discount). Thing is it doesn’t cost them much to move numbers from one account to another, maybe a few cents.

The $100 payment increases GDP by $100 (Financial Services) even though nothing is being produced, it’s a rent. Bow to me Americans, I (and the broker) increased your GDP by $100 by doing nothing.

Murder contracts

Get a seedbox, preferably pay with crypto. Or if you want do it at home with a VPN (eg airvpn)

Create torrents using qbittorrent. Linux has cli programs like mktorrent so you can use those too.

Then seed it. Upload it somewhere like 1337x.

They’ve been in power for a decade, given the limited space state Governments have, they cannot fix big issues like un/underemployment. Not that the new Government can fix it either.

I think Kerala achieved quite a lot in a decade considering how much financial pressure they were under and most people will look at Government nostalgically in the future, considering the liberals are incompetent and corrupt buffoons.

Secondly, the media in Kerala is very much capitalist aligned and didn’t like the left Gov very much. Often focusing on culture wars and petty corruption over material issues.

Lastly, India has FPTP, so a small swing in vote share translates to a wipeout.

Indian state elections:

1. The last left state Government in India, Kerala, has fallen, incompetent liberals will be in power for next (likely) 5 years. But left isn’t decimated completely and will prolly keep much of it’s organizing capacity. Fortunately, BJP won’t win much or at all this time.

2. Another relatively progressive Government, Tamil Nadu also gone. Apparently they voted for an actors party with very incoherent politics. Tamil Nadu loves TV/movie stars running for politics. BJP ally in the second place.

3. West Bengal’s psuedoliberal, actually reactionary Government is gone, BJP heavily rigged elections and “won”. Worst part of this election cycle.

https://www.aljazeera.com/news/2026/4/16/muslims-the-target-fury-as-millions-lose-voting-rights-in-indias-bengal

4. Rest was expected, BJP won.

Yea, Jupiter mogs Saturn despite its rings

How much of it was ‘inspired’ by ‘alligator Alcatraz’

Yea, they prolly don’t like that Kimi K2.6 mogs ChatGpt esp in coding.

Unfortunately, Wolff always gets the causality wrong with respect to the rest of the world financing the U.S. Government via borrowing. This is not true, the world can’t buy US Gov debt without obtaining Dollars first, Dollars which they have to get by exporting to the US, transfers from the US, income (e.g. dividends and interest) and capital flows. It is rest of the world’s desire to hold Dollars and their willingness to give treats to Americans that causes them to hold US Gov debt (since cash has no interest, they swap cash for Treasuries).

Stock prices are in large part propped up by Government spending (deficits), speculation (in form of margin lending) and general credit.

As long as Government spending remains relatively positive (i.e. in deficit for Gov), stonks will keep going up, the initial decline was due to uncertainty. It’ll prolly stay up for a while longer. Thing is, price rises due to war and related supply shocks reduces real injection done by the Government which means only the other two pillars remain (speculation and credit) these two rely on line going up to validate itself and is much more vulnerable. Another vulnerability is possible rate cuts, markets have gotten used to free money from the Gov after the initial repricing of everything, while lower rates does boost prices temporarily, it still needs underlying injections (credit or govt spending).

Budgeting of “benefits” is done by the Congress, not the President, under Democratic Congress, it was the ‘evil’ Sinema and Manchin who shut down everything, under Republicans, such excuses are not needed. There’s never enough votes somehow, no matter how much control Democrats have.

The Congress has the power to expand the Supreme Court too. Will Dems do so if they win next time both the legislature and executive? No they won’t.

Btw, Bill Clinton was infamous for eliminating welfare.

That buffalo looks so chill