1. BREAKING

3 major corporations say they'll suspend donations to the Republican Attorneys General Association, which helped drive participation in last Wed's events

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1. If you turn on CNBC, you'll hear a narrative that reckless retail investors from Reddit are destabilizing the stock market by driving up prices for GameStop and other stocks.

This is BS.

Follow along if interested.

2. Market instability was created by hedge funds and other "sophisticated" investors that SHORTED MORE GAMESTOP STOCK THAN WAS EVEN AVAILABLE FOR SALE

Retail investors are exploiting instability created by the hedge funds

They didn't start the

3. The primary "victim" of the retail investors, hedge fund mogul Gabe Plotkin, worked SAC until 2013.

What happened in 2013? SAC pleaded guilty to insider trading and paid a $1.3 billion fine.

Plotkin then left to start his own firm.

4. Plotkin made massive returns by doing a lot more shorting than most hedge funds & no one complained

But this week he was bailed out by his old boss, SAC founder Steve Cohen, and another hedge fund mogul, Citadel's Ken Griffin to the tune of

5. Cohen & Griffin now own a significant piece of Plotkin's firm. So they have an interest in Plotkin navigating out of his current predicament. They also may have exposure themselves.

This is where things get

1. I'm going to go through a few issues with the NY Post article on Biden, which I won't link to, but you will probably see on Twitter today.

Follow along if interested.

2. First the information comes from a laptop that was allegedly "dropped off at a repair shop in Biden’s home state of Delaware" and never picked up.

The "shop owner," who is not identified, "couldn’t positively identify the customer as Hunter Biden"

3. The "shop owner" thinks it was Hunter Biden because of a Beau Biden sticker on the laptop.

This makes no sense. You drop off an expensive Mac laptop at a repair shop and don't leave your name or contact information?

4. But then, after claiming the shop owner couldn't identify the customer, the piece includes a receipt that was issued to "Hunter Biden" and includes an email and phone #

So why would the shop owner produce a receipt for Hunter Biden if he didn't know the ID of the customer?

5. The piece claims the shop owner then alerted the FBI to the existence of the laptop and it was later subpoenaed by a grand jury.

But the grand jury subpoena shown does not connect the laptop to Hunter Biden.

1. I am in the process of recovering four years of destroyed Twitter posts from my recent hack. Most related to an organization of rogue CIA agents doing election hacking, drug running, and dark weapons trading in a group led by AG Bill Barr. Other have call this the Enterprise.

2. The Enterprise is run Bill Barr himself and organized 800 ex-CIA agents and 300 ex-Soviet KGB Generals into a junta of 1,100 Frank Guistra partners in a sort of law firm of international crime. Iran Contra drug running was the first major operation in 1980. by the Enterprise.

3. Chip Tatum, a CIA pilot, flew Bill Barr, then a CIA attorney for George Bush, to Central America for Iran Contra banking and money laundering operations talks about this extensively in him book about his close friend, Robert Mueller, entitled, "The Mule".

4. A fundamental premise of my work over the last four years is to focus on this core Iran Contra, "Enterprise" group, to follow election hacking, dark weapons trade, drug running, and money laundering. Here are some video notes capture on the web from shows I did in 2016.

5. You can see in these 2016 show notes how my focus was on a USAID funded Serbian election flipping, subversive group called OTPOR. This group received subversion funds for election flipping through KKR, a joint venture of David Petraeus and Henry Kissinger.

"How the Avengers would respond to the Capitol riot" (a thread)

CAPTAIN AMERICA - tells Falcon, "I fought Nazis once before. They're extremely dangerous." They then see the guy scaling the Capitol wall fall into the shrubs. Falcon: "You sure these are the same Nazis?"

IRON MAN - lands by the guy carrying the podium. Says, "Mind if I borrow this?" then tosses it to Hulk, who swings it like a bat at the mob. Guy: "Hey, that's MY podium!" Iron Man: "Actually it's the Speaker's. And technically, it's a lectern." Then punches him through a wall.

BLACK WIDOW - enters hotel room where Jack Dorsey is tied up. Rips duct tape off his mouth. Jack: "I'll do anything you want!" BW: "Disable POTUS's Twitter. NOW!" Jack fumbles with his phone. "Done. Anything else?" BW: "Yeah. Trim your beard for God's sake." *tosses him clippers*

HULK - grabs a selfie stick from one of the guys and beats him over the head with it. Deeming it too small, he grabs another guy's Confederate flag and takes out a whole swath of rioters. He then tosses the flag to Cap, who uses it as a javelin to impale a fleeing Ted Cruz.

HAWKEYE - hears Iron Man in his earpiece say, "Looks like Orange Julius is tweeting from another account." Hawkeye: "On it." He locks in on Trump through the White House window and fires an arrow, knocking the phone out of Trump's hands. Hawkeye: "Damn that felt good."

1. Schedule:

The Military has told media stations to anticipate a public declaration of Martial Law by Sun. 24 Jan.

Military troops were well aware of to whom they should be loyal in the dual government forces over them: "I am a National Guard soldier from the...

1/9

While debt-to-GDP ratios already have a limited but very misunderstood use, it seems economists are finding bright new ways of misunderstanding them. Now we say that when nominal interest rates are lower than nominal growth rates, the

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downward pressure on the debt-to-GDP ratio makes rising government debt and larger government deficits more sustainable and more easily justified.

This is totally confused. When the nominal interest rate is lower than the nominal GDP growth rate, it only means that net...

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borrowers are getting a disproportionate share of growth relative to net lenders. This in and of itself changes the comparability of the debt-to-GDP ratio, so the fact that the ratio may decline tells us nothing about its sustainability which, I'm glad to say, isn't...

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a mistake Olivier Blanchard makes in this article.

At least three things matter. First, whether or not rising debt is sustainable depends almost wholly on underlying conditions in the real economy, and only trivially on the arithmetical relationship between...

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the interest rate and the growth rate. Second, this approach simply assumes away financial distress costs, in which case debt capacity is infinite anyway and the interest rate becomes irrelevant. And third, it assumes that the nominal debt level matters independently...