U.S. has the largest Gold Reserves in the World by far,
in fact it has more than Russia, China, Switzerland, India, and Japan combined. Source: Bloomberg
The composition of revenue for the U.S. government has evolved significantly over the decades.
Individual income % taxes represent the largest share (49% in 2024). Payroll taxes, which support programs like Social Security, contributes to 35% of federal revenue. Corporate income taxes have decreased as a percentage of total revenue, falling from 21% in 1964 to a mere 11% in 2024. This decline reflects shifts in tax policies and economic conditions. Other revenue sources, including excise taxes, tariffs, and miscellaneous receipts, remain relatively minor. Source: vizualitiks, CBO
Update: The US Government claims it has almost 5000 tons of Gold
but Fort Knox US Gold Reserve has not been audited since 1974, almost 50 years ago... No one has seen any of it. Source: US Homeland Security News @defense_civil25
The 2nd largest pension fund in the US now owns nearly $100 million bitcoin via MSTR
Source: The Bitcoin Historian on X
Germany 10-year bond yields rise as tensions between Europe and the US, highlighted at the Munich Security Conference, make investors nervous.
There is speculation that European leaders meeting in Paris today may agree to increase defense spending to strengthen the continent’s security. Source: HolgerZ, Bloomberg
BREAKING: Elon Musk says millions of people over 140 years old are receiving Social Security benefits.
Source: WinSmart
President Donald Trump has recently announced plans to implement "reciprocal tariffs"
aimed at addressing perceived trade imbalances between the United States and its trading partners. This policy intends to match the tariffs that other countries impose on U.S. exports by levying equivalent tariffs on imports from those nations. The goal is to promote fairness and encourage countries to reduce their tariffs on American goods. Source. Bloomberg, ChatGPT
WOW. Washington DC's economy looks like 2008:
Unemployment filings in Washington DC just SURGED +36% in one week to 3 TIMES the 2024 average. Over the last 6 weeks, unemployment filings are up +55%, now ABOVE 2008 levels. Since January 20th, over 4,000 federal employees have filed first time unemployment claims in Washington DC. Furthermore, the year-to-date total has hit nearly 7,000. That's a whopping +55% increase over the previous 6 week period. Last week alone, claims surged +36%. Source: The Kobeissi Letter
