Posting soon an unboxing video on my @theboomercloset channel, including this beauty that arrived today. @theXtakeover all merch here: #NotSponsored# (lol, I wish)

The AI arms race is running on debt. SpaceX is looking to borrow $40 billion for Nvidia chips, while Ray Dalio warns the boom is a “classic bubble” near its breaking point: Evening Briefing Asia

The USA hates data centres, meanwhile they're becoming one of the best growth drivers in the country! The mainstream media needs to report on THIS rather than the fake news they have been spreading (please share this!) The data is CLEAR, counties with an OPERATING data centre crush the US avg. on home value, employment and job growth: New housing units built: +50% vs +1% Home values: +16% vs +7% Unemployment: 3.4% vs 4.2% Job growth: +3.8% vs +1% And the tax side is fantastic too: In Loudoun County, Virginia, data centers sit on about 4% of commercial parcels and throw off 38% of the county's entire general fund revenue. More than $100 million of NEW revenue/year! Across northern Virginia data centers paid roughly $1.3 billion in local property taxes in 2024 alone (and this was as the boom was just getting started!) The other states problems have no weight to them too. They use too much water? US golf courses use roughly 2.08 billion gallons a day against data centers at about 449 million Electricy costs are rising from Data Centres? Also not true. The opposite has been happening as Data Centers help to improve power generation within states or supply their own and sell the extra back to the grid. And the last point to make here: Data Centers are what power AI. The technology that is helping to treat cancer (as we saw with the recent Moderna announcement) The technology that's increasing earnings across many companies in the USA and allowing them to hire more people The technology that is allow anyone build a company cheaper and faster than ever before. AI is a net positive to the world and so are the data centres we need to power it Don't let mainstream media continue to share bullshit fake news. Help share this content and spread the truth! Don't forget to give me a follow @kylereidhead for more insights on AI and markets

The Panic of 1837 is one of the cleanest case studies you will ever find of government-manufactured financial catastrophe, and almost nobody has heard of it. Start with Andrew Jackson. He kills the Second Bank of the United States in 1832, which is the right call for the wrong reasons, because he hates central banking personally rather than on principle. Then his Treasury starts depositing federal funds into favored state "pet banks," which promptly use that hard-money base to pyramid credit on top of it. State-chartered banks across the South and West issue paper notes backed by essentially nothing, and land speculators borrow those notes to buy federal land at $1.25 an acre. Cotton prices are climbing. Everyone feels rich. The boom is artificial from the first dollar. Jackson then panics at his own creation. His Specie Circular of July 1836 mandates that buyers pay for federal land in gold or silver only. Credit evaporates overnight. Land prices collapse. Cotton follows, hitting around 9 cents per pound by 1837, down from 17 cents in 1835. Banks that had lent recklessly against inflated land values now hold collateral worth half what they financed. Over 600 banks suspend specie payments between May and October 1837. Nine states default on their bonds. Martin Van Buren inherits the wreckage and gets blamed for the explosion Jackson lit. The lesson sound money advocates have spelled this out since the 19th century: credit expansion without real savings does not create wealth, it relocates it forward in time and then destroys it. Every dollar of paper the pet banks printed above their specie reserves was a promise they could not keep. The speculative cotton and land mania of 1835-36 was the entirely rational response of market participants to artificially cheap credit. You would have done the same thing. Everyone did. What makes this maddening is the standard historical narrative: it blames "speculation" and sometimes blames Jackson's Specie Circular in isolation, as if tightening credit were the disease rather than the cure arriving too late. The disease was the credit expansion. The correction was painful precisely because the distortion was enormous. Governments do not create panics by suddenly demanding honest money. They create panics years earlier, when they let banks print paper out of thin air.

🚨🇺🇸🇮🇷 America is now the world's last big gas station, and US refiners are headed for RECORD PROFITS while diesel sits at $6.53 a gallon Middle East refineries crippled, about 15 Russian plants knocked out by Ukrainian drones, China holding back exports, and 12% of the world's refining capacity offline... That leaves US refiners selling into a starved market, and the gap between the crude Valero buys and the fuel it sells jumped from about 72 cents a gallon to $1.12 in a single quarter. Trump already told the industry it's "making too much money," yet nobody is building new plants because they expect the boom to fade. So who's paying for that extra 40 cents? Farmers, truckers and families are. Source: The Wall Street Journal / Writer: Daniel