Washington just rebranded government confiscation with a friendlier name and a sympathetic target. Do not fall for it. The billionaire wealth tax is already not a billionaire wealth tax.
Crypto was supposed to be the one thing Washington could not touch. Now the same insiders who tanked the economy in 2008 are neck-deep in Bitcoin, and I am telling you a bailout mechanism is already being engineered. They will just give it a nicer name.
The financial press is bought, Congress is getting fat on insider trading and lobbyist money, and we are barreling toward $40 trillion in national debt. Nobody on television wants to talk about any of it seriously.
Margin debt just hit $1.4 trillion. Leveraged ETF assets doubled to $220 billion. And somewhere between hedge funds and teenagers on Robinhood, Wall Street built the perfect mechanism to legally take your money.
Every time crypto crashes, the questions flood in, and Wall Street acts surprised. I have been saying it for years: Bitcoin produces nothing, owns nothing, and the MicroStrategy scheme is one of the most transparent pump loops in market history.
The Trump administration just tied federal student loan eligibility to actual graduate earnings. Good. But this barely scratches the surface of a system that has been looting American families for decades with government-backed, bankruptcy-proof debt handed to teenagers.
The DSA is winning primaries and Hakeem Jeffries is clapping for them. A small group of moderate Democrats is trying to push back, but let’s be honest about the odds.
Senator Bernie Moreno, a Republican, is co-sponsoring legislation with Elizabeth Warren to eliminate the Social Security payroll tax cap. For self-employed Americans and high earners, that is not a reform. That is a 52 percent tax rate dressed up as compassion.
They told us it was coming, and right on schedule the trial balloons are in the air. Stimulus checks are being floated again, wrapped in economic pain that is real, driven by political motives that have nothing to do with helping you.
Credit card stress at Great Recession levels, consumer sentiment in the gutter, prices up coast to coast, and the official line from Washington is that everything is basically fine. I don’t care which party is doing the gaslighting. A lie is a lie.