1/ In @RayDalio's perspective, we are at the very late stages of the long term debt cycle. These long term debt cycles typically take 50-75 years to play out. This cycle began in 1945 when World War II ended and we began the US dollar-dominated world order.

*The Evidence Collection*

There is overwhelming evidence of election fraud. Therefore it is the duty of the Executive, Legislative, & Judicial branches to throw out the fraudulent votes & to honor their oath to protect & defend the Constitution of the USA.🇺🇸🦅

A list below.🔻

1/ Navarro Report: The Immaculate Deception - Six Key Dimensions of Election Irregularities -

2/ Analysis of 3,000 U.S. counties shows Joe Biden received 5.6 % more votes in counties using Dominion Voting Systems (Video) -

3/ Antrim Michigan Dominion Voting Systems Forensics Report -

4/ Evidence Grows: ’20 Election Was Rigged -

GEORGIA🚨

Negative votes & vote switches should *NEVER* happen on your CNN, ABC, & NBC live news feeds. This is according to the data scientist & programmers who presented at the State Senate hearings. They previously worked for the US Navy, the CIA, & Big 4 Accounting Firms.🔻

GEORGIA🚨

Elections are an additive process — you count the votes — and add them up. Votes should never be going down on live television. Votes should never be switching between candidates on live television. This is election fraud & it happened all across the nation.🔻

GEORGIA🚨

It happened last night.

774,723 - 742,323 = 32,400

32,400 votes subtracted from @Perduesenate live on ABC last night during the Senate Runoff.

GEORGIA🚨

2,130,535 - 2,125,535 = 5,000

32,400 votes subtracted from @Perduesenate live on ABC last night during the Senate Runoff.

FULL

SEN. LANKFORD: December 2016, a poll said 32% of Americans believed that the Russians had influenced the outcome of the election. Based on that belief, we spent millions investigating it, we had 6 congressional hearings, etc because 32% of Americans didn't trust that election.

2/ A few days ago, a poll said 46% of Americans believe there was election & voter fraud in the 2020 election. 80% of Trump supporters and 16% of Biden supporters believe there was fraud. Now, amazingly after the 2020 election, everyone is saying "lets move on and ignore this."

3/ In my state on election night, like 27 other states in the country, by that evening, we were counting votes, and all absentee ballots had been received. There was much less opportunity for fraud because all of our absentee ballots were in.

4/ Amazingly, a week after this election, some states were still telling us, they weren't sure how many ballots were left to count. That gives opportunity for fraud, questions, and problems. It's reasonable to ask if there was fraud when you mail a ballot to everyone in a state.

5/ Even if they didn't ask for a ballot. Especially, when the state did not first purge or verify those addresses & they sent thousands of ballots to people that no longer live there. That's a problem. There were at least 91,000 registered voters that are dead. That's a problem.

ZUCKERBERG'S ELECTION🚨

1/ Funded by $350 Million from Facebook founder Mark Zuckerberg, activist organizations created a two-tiered election system that treated voters differently depending on whether they lived in Democrat or Republican strongholds.🔻

2/ Mark Zuckerberg was invited into the counting room, and the American people were kicked out. Zuckerberg-CTCL funds allowed these Democrat strongholds to spend roughly $47 per voter, compared to $4 to $7 per voter in traditionally Republican areas of the state.🔻

3/ In Michigan, $5,939,235 was awarded to jurisdictions where Clinton won & $402,878 where Trump won.

In Pennsylvania, $13,063,828 for Clinton and $692,742 for Trump.

CTCL hidden COVID-19 grant agenda was to increase the votes for Democratic presidential candidate Joe Biden.🔻

4/ Zuckerberg money & money from other "leftist" organizations totaled $500M, while the Federal Government only appropriated $400M for the 2020 election. This effectively created a "two-tiered election system" and a "shadow government" running our elections.🔻

5/ WISCONSIN🚨

The “Wisconsin Safe Election Plan” was not authored by the state. Effectively, CTCL managed the election in these five cities.

•Promote no voter ID "indefinitely confined"
•Drop Boxes breaching chain of custody
•Consolidating counting centers🔻

A thread on an interesting report by Goldman Sachs' Peter Oppenheimer, the bank's chief global equity strategist. He points out that Goldman's "Bear Market Risk Indicator" is looking ominous.

There are three factors that suggest that the recent stability could evaporate and that equities are "about to enter a sustained bear market", Oppenheimer says.

First is the fact that growth, inflation and interest rate outlook is unfriendly for equities.

Second is that greater volatility, such as multiple corrections and new peaks (which we've seen in 2018) tend to presage a full bear market.

Here is Goldman's data showing how falls and bounces tend to come ahead of "the dramatic final fall".

** MMT is the new supply-side economics
Forty years ago, some economists started from an uncontroversial (but important) result: a lower tax rate raises the tax base, so revenues won't fall as much. But then they ran with it, predicting tax rate cuts could raise revenues.

1/13

The 80s supply-siders went to the limit and came up with a motto: lower taxes will lower deficits as a norm, not an exception. Many economists shouted this was backwards. It was an implausible limit case. Textbooks called them "charlatans and cranks" or "silly".
2/13

In 80s debates, supply-siders would often fall back to "you don't understand me", repeating "Laffer curve!" endlessly, or stating vacuous accounting identities about how the government collect taxes. Their extreme prediction was repeatedly proven wrong by theory and data.
3/13

But they had popular hero figures (Laffer, Moore), and an eager political audience that would use any argument to cut taxes. Eventually, they inspired new good research, and helped in swinging the pendulum of policy debates to include some valid supply considerations.
4/13

Yet, supply-side economic ideas also contributed to a massive rise in US public debt in the last 40 years. Right-wing governments became as prone to have large public deficits as left-wing governments, in the pursuit of cuts in taxes.
5/13

Thread: Why Kenya and other countries are introducing Digital Taxes? Why now?

Now,the current tax laws & international tax framework (which dates back to the 1920s) was designed at a time when businesses were largely brick-and-mortar (physical stores).Then, it was unimagineable for a biz to operate in another country without some form of physical presence

Thus, in most countries, for a business to be pay corporate tax it has to have some form of nexus there (e.g. Kenya). Either it's registered here, or it's managed from here or it has what we call a permanent establishment (also implies some form of physical presence)

Fast forward to today, there are numerous companies that are able to operate in multiple countries without having any physical presence in those countries. Consider social media platforms or streaming services, with a device, connection & subscription you can access their service

...and they don't have to have any physical office or employees etc in Kenya for them to deliver the service to you. I mentioned above that to be subject to corporate tax here, a company would have to have some form of nexus here in Kenya, these companies, don't.

1/ Unit economic for founders thread.

Despite being a founder and a student of the subject, I missed out on a key point growing up.

Length of relationship with your customers, order frequency, product usage and utility matter.

They didn't teach me this in business school.

2/ Structured right, products used daily vs weekly vs monthly vs yearly lead to different profitability and scalability paths.

Quiz. Which business would you pick?

a) Enterprise software - US$ 250k one time license
b) Enterprise software - US$ 30k/month recurring subscription

3/ Sound's obvious? Which one did you pick?

Twice in my life I picked A. They were both great businesses, but they didn't compare to B. Especially in the long run.

Looking back, with hindsight, I know I should have picked B.

Why?

4/ Bringing in customers is hard.

When those customers leave after a few orders, your investment in that relationship is written off.

But it is not just about the relationship or investment. It is also about scale.

What are the easiest ways to scale a business?

5/ Think about it?

a) Get more customers - acquire
b) Get existing customers to order again - retain
c) Increase order size - up sell
d) Increase order frequency - cross sell / new use case
e) Get existing customers to get you new customers - referral

(b) to (e) are free.

Expect to see a lot more stories like this. But let's also use this to have a more sophisticated conversation about why the rising tide of cheaper, cleaner energy - like all prior energy transitions - doesn't necessarily lift all boats. Brief thread:

1/ First to state the obvious: the domestic fossil fuel industry in the US wouldn't exist without massive subsidies. $650B/year according to the IMF.

2/ That in turn means that the transition to cleaner, cheaper energy is delayed by those market distortions. Taking away the subsidies is smart economic and environmental policy. It is FANTASTIC that @POTUS is doing so.

3/ But it is paternalistic and naive to assume that workers in those displaced industries will have an easy transition. Knowing how to run an oil rig is a highly specialized, highly skilled job. Gaining that skill set takes time and is geographically specific

4/ The fact that there will be economic gains in other sectors doesn't imply that a 55 year old who planned to work for another 10 years can simply take a correspondence course in thin film deposition and move to the solar industry.