Powell rose inflation expectations and the Dot Plots pointed at higher Fed Funds Rate in 2025 as originally priced in. The overall market which is highly liquidity addicted now needs to adjust for only 2 rate cuts. This will disappear sooner than they hope
Fed-Powell could only have topped his bullshit pk by announcing a fartcoin reserve.
Whatever Jerome Powell and the Fed decide today, and whatever blunt nonsense they spout during the press conference afterwards, is essentially meaningless market painting. Irresponsible debt creation in the US, the Eurozone and China are forcing monetary policy to loosen borrowing costs in order to be able to roll over the growing mountain of debt in the future, as saturated markets in principle repel an expansion of debt. Expect high volatility in the near future!
USA: The Illusion of Voluntary Taxation
1913 has been a pivotal year in US history. It was the year when the great theft had been institutionalized by establishing the fed and starting to implement european socialusm step by step.
Take taxation. The trend of household income tax return filings from 1913 to 2008 presents a compelling narrative of state expansion and the erosion of individual liberty. The data, as illustrated in the chart, reveals a stark reality: the growth in tax compliance is not merely a reflection of economic prosperity but rather an indicator of the state's increasing reach into the personal lives of its citizens.
When the 16th Amendment was ratified in 1913, allowing for a federal income tax, the number of households filing returns was negligible. This was a time when the government was relatively minimal in its scope, and individual freedoms were less encumbered by federal mandates. However, as the graph shows, this changed dramatically with the onset of the Great Depression and World War II, where the state's need for revenue escalated, leading to a dramatic increase in tax filings.
From a libertarian standpoint, this surge in compliance is not a victory for societal order but a testament to the coercive power of the state. The spikes in compliance during wartime and economic crises suggest that compliance was driven by necessity or force rather than voluntary participation. The libertarian ethos champions voluntary interactions; yet, here, we see the state imposing its will upon the populace, not through persuasion but through obligation.
The period post-WWII, where the percentage of households filing tax returns peaks before stabilizing, indicates a new norm where the state has embedded itself into the everyday lives of Americans. This normalization of tax filing, reaching near 100% compliance, could be viewed as a loss of freedom, where citizens are not merely participating in a social contract but are compelled to do so under threat of penalty.
This level of state control over personal finances is antithetical to the principles of liberty. The graph does not just show economic history; it reflects the gradual, often forced, expansion of the state's influence over individual lives, where the line between voluntary participation and coercion becomes blurred.
#usa #Libertarianism #TaxationIsTheft #bitcoin #EconomicHistor https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/905a8aec380689e7ef2e2cac72220cfa10142e3f4692d114b64f48c0ae213a0c.webp
US Manufacturing Dips in November, Retail Sales Defy Expectations
In November, U.S. industrial production saw a slight decline of 0.1% compared to the previous month, defying economists' forecasts of a 0.3% increase, according to the Federal Reserve. Capacity utilization also dropped to 76.8%, down from October's revised 77.0%, missing expectations of 77.2%.
On a brighter note, U.S. retail sales rose 0.7% in November, surpassing the anticipated 0.5% increase. Excluding auto sales, the gain was a modest 0.2%, falling short of the predicted 0.3%, as reported by the Commerce Department.
These figures reflect a mixed economic picture, with industrial output faltering while consumer spending remains resilient.
#US #Economy #Manufacturing #RetailSales #FederalReserve #EconomicTrends
Davos dropped him and his shiterals. Now he's free to talk
The fact that states, their institutions, banks and companies are now also taking Bitcoin onto their balance sheets has the potential to make us purists extremely angry from time to time.
But I ask you to consider one thing: this development gives us peace from these vultures! This way we can develop our part of the Bitcoin ecosystem in peace and without the stupid and useless disruptive fires of political parasites, as we can use them for our purposes.
These clowns are thus, nolans volens, on our payroll without us having to pay them a single cent!
But I'm sure this mess of a man got it right when they replaced him for this side hoe
Based Biden today calls for a ban on stock speculation for members of Congress.
"Nobody in the Congress should be able to make money in the stock market while they're in the Congress."
The sting of being booted out without being asked must be deep! #usa #biden
As already indicated yesterday, we are currently experiencing a massive narrative change in Europe regarding Bitcoin. First the debate in the German Bundestag, then today a contribution in the European Parliament, and the media sector now portraying Bitcoin mining as a net positive for the European energy grid. Amazing!
#Bitcoin #Europe
In a true transparent democratic society, the excessive number of pardons by the White House should be an absolute hot topic. Nothing is being criticized, the radical left and their disgusting whore press are silent on this undermining of the trustworthiness of the legal system. The senile old man signs what the machine puts on the table. #usa #biden
After the collapse of the french and german globalist governments Canada's commie Trudeau seems to resign soon. Next: UK!
Looks like the Trump effect gets more steam weeks before taking office! Dsvos is done, but they'll won't go under without max distruction. Buckle up, friends, it's getting interesting!
https://www.tbnewswatch.com/local-news/report-trudeau-considering-resignation-or-prorogation-9962843
#trudeau #canada #eu #wef #trump https://nostr.download/f0bba617884429701ebafd881450bb6b4f4546a74d8d388431e9a54ff83002f1.webp
I believe that psy-ops, like this drone phenomenon, since the clown flue are no longer effective. The parasites have blown their powder. #Drones #USA
It was stolen by the state of Saxony. I think he had no influence on the green-socialist mind-set (which includes the CDU). There is 0 adoption of BTC in Germany btw
US Economic Pulse: Manufacturing Dips, Services Surge in December
New York's manufacturing sector has taken a significant downturn, with the regional business activity index plummeting to a mere +0.2 in December. This figure, reported by the Federal Reserve Bank of New York, starkly contrasts with economists' expectations of +10.0, following a previous month's robust +31.2.
Conversely, the broader US economy showed signs of resilience. According to S&P Global, the composite PMI for both manufacturing and services sectors climbed to 56.6 from November's 54.9, signaling continued economic expansion as readings above 50 indicate growth.
#EconomyWatch #US #Manufacturing #ServiceSectorGrowth #BusinessActivity #EconomicIndicators #MarketAnalysis
I would say everything, especially the part with this crypto fake bs coin that is only used by the Mafia and will be phased out soon