💥BREAKING:🚨 U.S. TRIED RAISING $58B IN DEBT BUT DEMAND HIT A 1-YEAR LOW.IF THIS CONTINUES, THE FED BE FORCED TO PRINT.BITCOIN & RISK ASSETS WILL SOAR. https://t.co/GTOLoV1nNU ...

RT John Pompliano (@JohnPompliano)The banks won’t let a 17 year old kid take out money to buy a investment property.But they will let them take out hundreds of thousands of dollars of debt to pay for college with no idea on how they will pay it off.The system is broken. ...

Zambia’s dollar-denominated bonds led losses among emerging peers on Wednesday after the IMF warned that the country’s capacity to service its debt remains weak, dampening bondholders’ hopes for improved terms https://t.co/utHsvm8uDl ...

A massive wall of debt, an unpredictable US leader, and falling yields have pushed corporate borrowers to sell debt at the fastest pace since 2020 https://t.co/RPhcHnyZ1d ...

Economic System Concerns - The global financial system is under unprecedented pressure due to soaring inequality, massive debt, rising living costs, and economic uncertainty [1] - Capitalism faces a serious test due to financial repression, an invisible tax on savers where interest rates are kept below inflation [4][5] - Consumer debt is ballooning, with total household debt in the US topping $18 trillion and credit card debt surpassing $1 trillion with interest rates averaging over 20% [9] - Real wages have barely budged since the 1970s, while assets like real estate and stocks have soared, benefiting the wealthy and driving inequality [12][13] Historical Context and Evolution of Capitalism - Capitalism emerged from feudalism, driven by entrepreneurs and innovators, and was intellectually championed by Adam Smith [17][18] - Capitalism has adapted throughout history, including interventions by Teddy Roosevelt and Franklin Roosevelt, and the post-World War II welfare states [22][23] - The dismantling of regulations in the 1980s and globalization led to imbalances that ignited the 2008 financial crisis, followed by unprecedented monetary stimulus [24] Challenges to Current Capitalism - Weak growth, extreme inequality, technological displacement, and digital rent extraction combine into what many call late capitalism [37] - Growth is lacking major innovations to drive broad-based prosperity, leading to reliance on artificial means like QE and low interest rates [29][30] - Automation and AI are displacing jobs, potentially making millions economically irrelevant and creating a problem for consumer capitalism [33][34] - Platform economies dominated by giants like Amazon, Apple, and Google are generating revenue by controlling essential services and extracting rents, stifling genuine competition [35][36] Potential Alternatives and Solutions - Potential alternatives include a resource-based economy, universal basic income (UBI), decentralized crypto-based economies, and reformed capitalism [39][40][44][46] - Reformed capitalism could involve breaking up big tech monopolies, closing loopholes for corporations and billionaires, and investing in education and infrastructure [47] Investment Strategies for Economic Shifts - Traditional financial institutions, especially banks and insurers, are particularly exposed due to financial repression [53] - Consumer-facing industries are at risk due to eroded consumer purchasing power [54] - Hard assets like gold, silver, commodities, and selected real estate may perform well under financial repression and inflationary conditions [56] - Industries aligned with government spending priorities, such as infrastructure, energy, healthcare, and defense, may offer opportunities [57] - Decentralized cryptos like Bitcoin and Ethereum may serve as hedges against financial repression and inflation [58] - Geographical diversification and active portfolio management are crucial in navigating the uncertain economic environment [60][61]

We are live this morning uh in Aspen at the Aspen Economic Strategy Group and joining us right now is the group's director, Melissa Carney. She has been the director for seven years. Thank you for waking up early this morning. Uh no bears just yet. We were looking for bears cuz it's a little dark here. Uh she's also a professor of economics at the University of Notre Dame. Um here's where we're going to start the conversation because this is an evidence-based group. There's a lot of economists here, former ...

Why is this going so poorly. Ultimately, this was a project that was brought to Florida with a lot of fanfare, but it seems like ridership is lagging particularly enough to hit the firm financially or hit the project financially. But you have to remember, this is a startup project, a start up railroad, the first railroad, privately run railroad in the United States in 100 years or more.So it has a wrap up period. And the it has two basic routes. One is the Miami to West Palm route and one is going from Miam ...

AI Funding Landscape - AI 基础设施建设已演变成一场信贷竞赛，公司竞相获取资金 [2] - 一些公司，如 Coreweave，利用现有 GPU 作为抵押获得贷款，以购买更多 GPU，并承担双位数利率的巨额债务，目前已超过 170 亿美元的融资承诺 [2] - XAI 在 7 月份筹集了 100 亿美元，其中一半是债务，并据报道正在寻求额外的 120 亿美元融资，使用 Grock 模型 IP 等非常规抵押品 [3] - Meta 正在洽谈一项 290 亿美元的私募信贷交易，采用表外融资，以便在保持其信用指标的同时，大力投资于 AI 数据中心 [4] - OpenAI 的 Stargate 项目获得了超过 110 亿美元的资金，用于在德克萨斯州建设数据中心，并转向私人贷款机构而非银行或公共市场进行融资 [5] Financing Strategies & Risks - AI 正在改写科技公司借款、抵押和扩张的规则 [6] - 长期合同（如与 OpenAI 和 Microsoft 的合同）可以抵消部分风险，但公司仍在竞相在债务到期前创造收入 [2] - Meta 的表外融资虽然可以保护信用指标，但也降低了透明度 [4] - 拥有最智能的聊天机器人可能并不重要，重要的是能否支付账单 [6]

The reality is that most of what people call money is actually credit. The total amount of credit in the United States is about $50 trillion and the total amount of money is only about $3 trillion. Remember, in an economy without credit, the only way to increase your spending is to produce more.But in an economy with credit, you can also increase your spending by borrowing. As a result, an economy with credit has more spending and allows incomes to rise faster than productivity over the short run, but not o ...

Developing nations from Panama to Angola are borrowing directly from Wall Street banks, getting short-term liquidity to help cope with rising debt burdens https://t.co/dITotPv80v ...