🤯Warren Buffett's Berkshire Hathaway Now Pays 5% of All U.S. Corporate Income Tax.
A 'record-shattering' $26.8 Billion: 🧵 Source: Caleb Naysmith @ccnaysmith
⚠️ President Trump just put out these comments about oil and energy
President Donald Trump on Monday demanded that “everyone” needs to “keep oil prices down” or they would play “into the hands of the enemy.” ➡️“EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON’T DO IT!,” the president said in a post on his social media platform Truth Social. Trump’s message comes after his decision to bomb Iran’s key nuclear sites over the weekend has put the world on edge that the Islamic Republic might target energy supplies in the Middle East. It wasn’t clear who specifically Trump was speaking to in his post, though he was likely addressing the U.S. oil industry. Some oil companies had warned earlier in the year that they might have to cut production after prices tumbled to multiyear lows on Trump’s tariffs and OPEC+ boosting supply. ➡️“To The Department of Energy: DRILL, BABY, DRILL!!! And I mean NOW!!!,” Trump said in a subsequent post on Monday.
Foreign investors have bought a whopping $128 trillion of US assets over the last 34 years.
Source: BofA
Countries that are home to most millionaires
Source: Investywise
In case you missed it... here's another potential source of inflation
Source: Charlie Bilello
Who is right?
.
⚠️True US Dollar bear markets are usually 20-40%:
1970s (-30%) - End of Bretton Woods (USD delinked from gold) 1980s (-40%) - Plaza Accord (G7 nations devalued USD to reduce trade deficits) 2000s (-30%) - Post-9/11 policy shifts, Fed rate cuts The US Dollar is down 9% YTD.
MIGA (Make Iran Great Again)
Source: Not Jerome Powell
