Cryptocurrency, Investing, Money, Economy, Business, AI, and Debt:
U.S. Debt Just Topped $40 Trillion: How We Got Here
Debt and deficits haven’t always been a problem in the U.S. Publicly held debt—now approaching World War II levels at about 100% of the country’s annual GDP—was just 31.5% of GDP in 2001 after four years in which the government ran budget surpluses.
Scott Bessent:
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Coronavirus and Public Health:
Iran:
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U.S. Moves Up Winter Gasoline Sales
The Trump administration is authorizing an early shift to the sale of wintertime gasoline blends, its latest move to blunt fuel costs and supply concerns stoked by the war in Iran… The switch, which enables the use of a dirtier-burning wintertime fuel blend, typically happens in mid September.
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Politics:
Vindman Will Give Campaign Funds to Florida Democrats
Retired Lt. Col. Alexander Vindman, who lost Tuesday’s Democratic primary for U.S. Senate in Florida, said he’ll be giving away the millions he raised for his campaign ‘to the places it will matter most’ — starting with the Florida Democratic Party.
Trump Was Warned About Peeling Reflecting Pool
A U.S. National Park Service engineer warned the Trump administration about the floor of the Lincoln Reflecting Pool peeling in early June due to the renovation process and the materials used for the job, court filings revealed Wednesday.
Despite that warning, President Donald Trump accused multiple people of ‘destroying’ the pool once it reopened to the public.
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———— Natalie Harp ————
Natalie Harp’s Intimate Letters to Trump Revealed
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———— Mitch is Undead ————
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———— Autocracy R Us ————
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———— Blatant In-Your-Face Corruption ————
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———— Putin&Krasnov vs. Ukraine ————
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———— Smoot-Hawley 2.0 ————
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———— Hegseth on the Rocks ————
Hegseth Covered Up the Real Reason the USS Lincoln Wasn’t Resupplied
Pentagon Fires ‘Stars and Stripes’ Leaders
The Pentagon on Friday fired the publisher and the editor in chief of Stars and Stripes, the military newspaper funded by the Department of Defense that has long enjoyed editorial independence from the government.
———— Luigi ————
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———— Mors Imperii ————
Trump’s War on Reality Comes for the Census
I can no longer vouch for any of that. Now my answer is: No, you should not default to trusting the government data. There’s clear evidence the Trump administration is cooking at least some of the books.
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Serendipity:
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