If Beijing has its way, nobody else will ever get rich, writes @mihirssharma (via @opinion) https://t.co/RMakQBGABs ...

"we should take the resources of the rich and give them to the poor dont you think?"grandmother from a post soviet state: https://t.co/EHM5Ays1Fr ...

Economic Impact of Deleveraging - Lower incomes and increased unemployment reduce government tax revenue while simultaneously increasing the need for government spending on unemployment benefits [1] - Governments often implement stimulus plans and increase spending, leading to budget deficits as they spend more than they earn in taxes [2] - Governments may raise taxes on the wealthy to redistribute wealth, potentially causing resentment between different socioeconomic groups [3] - Continued economic depression can lead to social disorder and political instability, both within and between countries [4] Monetary Policy Response - Central banks, having lowered interest rates to near zero, may resort to printing money to stimulate the economy [5] - Central banks print money to buy financial assets and government bonds, as the Federal Reserve printed over $2 trillion during the 2008 crisis [6] - This action increases asset prices, benefiting those who own financial assets, but the central bank can only buy financial assets [7] - Central banks cooperate with the central government, which can buy goods and services, by buying government bonds, effectively lending money to fund stimulus programs [8] Risks and Policy Considerations - Policymakers must balance deflationary and inflationary measures to manage debt burdens and maintain stability during deleveraging [9]

Market Trends & Investment Opportunities - The most persistent and robust trend is the anti-fiat currency movement, driven by a lack of trust in governments' ability to curtail spending [2] - Investors are turning to non-fiat instruments like crypto (particularly Bitcoin), gold, and silver [3][4] - Younger generations with different preference profiles are contributing to a massive wealth redistribution and favoring crypto and Bitcoin [3][4] - The debasement trade is facilitated by low yields, not requiring higher yields [7][8] - The growth in stablecoins represents a form of dollarization within the crypto space [11] - The most persistent trend remains debasement and a move away from fiat currencies in search of alternatives [13] Currency & Economic Factors - The dollar's drop in the first half of 2025 is largely an unwinding of the rally seen in 2024 [9] - The dollar experienced overwhelming flows during the decade of US exceptionalism, and the recent adjustment is a natural unwinding [9][10] - While some further dollarization may occur, underlying forces are pushing the reallocation of assets [13] - Investor revolt is visible in the back end of yield curves, particularly in the UK and France, where investors are unwilling to hold long positions despite rising yields [8]

Economic Principles - Free market capitalism is viewed as the sole generator of growth and prosperity for all [1] - Attempts to redistribute wealth are seen as counterproductive to wealth creation [1] Political Commentary - The left is characterized as seeking to redistribute wealth due to an inability to create it [1]

Core Insights - Ray Dalio warns that artificial intelligence (AI) will exacerbate economic inequality, benefiting only the wealthiest 1% to 10% of Americans while displacing millions of workers across various industries [1][2] - Dalio predicts that AI and humanoid robots could replace professionals such as accountants, doctors, and lawyers, leading to societal struggles over job roles [2] - He emphasizes the need for a comprehensive redistribution policy beyond just monetary solutions, aligning with views from other AI leaders advocating for universal basic income [3] Economic Implications - The rise of AI stocks, particularly companies like NVIDIA Corporation and Microsoft Corporation, is driving market gains, but Dalio's concerns about inequality suggest potential regulatory and taxation risks for AI-focused investments [5] - Dalio expresses concern that American society may be too fragmented to implement effective solutions to the challenges posed by AI [4]

What is Zohran Mamdani's net worth?Despite his own privileged path to power, or perhaps because of it, the son of a Columbia University professor and a movie director is campaigning as a socialist intent on redistributing New York’s wealth.Read more: https://t.co/uouJRWl8uK https://t.co/kldoSWwv8R ...

Candidate Background - Zohran Mamdani is the son of a Columbia University professor and a movie director [1] - He is campaigning as a socialist focused on wealth redistribution in New York [1] Political Stance - Mamdani's campaign focuses on redistributing New York's wealth [1]

What is Zohran Mamdani's net worth?Despite his own privileged path to power, or perhaps because of it, the son of a Columbia University professor and a movie director is campaigning as a socialist intent on redistributing New York’s wealth.Read more: https://t.co/uouJRWl8uK https://t.co/izi3vlKsIv ...

What is Zohran Mamdani's net worth?Despite his own privileged path to power, or perhaps because of it, the son of a Columbia University professor and a movie director is campaigning as a socialist intent on redistributing New York’s wealth.Read more: https://t.co/uouJRWl8uK https://t.co/cJjl9MKTYI ...