Trump pardoned 77 people that stole from Medicare. This flew under the radar. I believe Trump is selling pardons which is enough to send Trump away.

From Mandatory Readings/Soft Currency Economics, March 2025, p. 14-15. "Savings and Investment: How the Government Spends and Borrows As Much As It Does Without Causing Hyperinflation" Via @wbmosler Via moslereconomics.com/ moslereconomics.com/wp-conte…

The biggest market crashes and recessions come from collapsing fiscal impulse (surpluses). The reason is simple: govt spending = financial assets for the private sector, this fuels the business cycle. Fiscal is getting dangerously weak here!

Trump's best move remains: simply leave the Gulf and negotiate from a distance.

An Iranian state news outlet said Friday that an agreement with the U.S., which President Trump touted the previous day as a "great settlement of the war," includes the U.S. releasing $24 billion of frozen Iranian financial assets. Iran's semi-official Mehr News agency published what it said was a draft of the 14-point agreement Friday. It includes a stipulation that Iran's assets will be released during a 60-day extension of the current ceasefire, which would begin as soon as the deal comes into effect. Iran's Foreign Ministry cautioned earlier that the regime had yet to fully commit to the agreement. The document also states that half of the $24 billion in Iranian assets would be made available before further negotiations begin during the 60-day ceasefire extension. cbsnews.com/live-updates/ira…

What is the deal Donald ? He’s making shit up to pump market for space x ipo tomorrow . Watch it all fall apart after market close tomorrow . If he doesn’t sign a great deal he needs to resign

Remember tariffs?

These are my calculations of crude oil prices based on published flow and elasticity data. They are consistent with where oil prices are today, and forecast a large increase when temporary buffers go. I am drafting a full article to explain the rationale. Flow calculation table is attached. Hormuz flows Baseline Pre-war Hormuz flows: 20.1 mb/d = 14.2 mb/d crude and condensate 5.9 mb/d petroleum products Permanent offsets Bypass capacity, attested demand destruction, Iranian selective passage: 4-7 mb/d. Petroleum products: zero offset. Temporary offsets SPR and coordinated reserve releases: 1.5-2.5 mb/d. Reduced Chinese imports: 3.5-4.0 mb/d. Net deficit with all measures deployed: 1-5 mb/d Elasticity literature Fed consensus short-run elasticity: –0.13. Recent 2001–06 estimates: –0.077 to –0.034. Price range consistent with current market At 1-5 mb/d net deficit, the calculation using consensus elasticity produces: $74-95. Current $85-100 consistent with that range. When the temporary offsets go, the net deficit moves to: 7-10 mb/d crude 5.9 mb/d products shortage, which has no offset and transmits directly into crude pricing Durable net deficit = 13-16 mb/d At that point, depending on elasticity used, the calculations give: Consensus –0.13: $136-151 –0.077: $182-208 –0.034: $325-387 In a supply shock of this magnitude, the probability shifts toward the more inelastic estimates. The market is correctly priced if the temporary buffers were durable. It is not priced for when those temporary buffers run out. Full article forthcoming. #Oil #Hormuz #EnergyMarkets #CrudeOil #DemandDestruction #EnergySecurity #Commodities #GeopoliticsAndMarkets #Geopolitics

He is bailing out Sam Altman. OpenAI cant IPO because they are massively in debt and dont make any money so Altman runs to the White House begging for a bailout and magically 3 days later we get this. This is the TARP bailouts all over again lol How "rich" did we get after '08

HORMUZ DARK TRANSITS This is so far the best article on the subject that I have seen. Great job, FT team. Basically they confirm what @tleilax___ was writing about few days ago: smaller older tankers belonging to NOCs shuttle through the Strait and do a S2S transfer to a larger tanker in the Gulf of Oman. Many of my questions answered: 1. "About 15 ships per day are going in and out via the Omani route, protected by US air cover, according to two people with knowledge of the transits, who said most of them were oil tankers." 15 both ways seems much more realistic than 50 that were sometimes mentioned. It does seem that the trackers do not see a bulk of them (e.g. Windward does not track many transfers via Southern Corridor) ... but perhaps they catch these volumes later - "Since early May, @Kpler tracked roughly 96 million barrels of confirmed non-Iranian crude exports through either: direct Strait of Hormuz transits, or Gulf of Oman export networks" x.com/Amena__Bakr/status/206… 2. “We are talking a single-lane route with two-way traffic on it with loaded ships who do not have the manoeuvrability, like driving down a country lane at night without your lights on,” said the tanker executive. “We will most likely have an accident.” The route, which hugs the rocky Omani coastline, can be as narrow as 800 metres wide at some points, making it a navigational challenge for large ships. Two-way traffic had been permitted by the US, which had instructed vessels to pass at wider points, one person said. 3. "Energy Aspects, a consultancy, estimated that Iraq, Kuwait and the United Arab Emirates were currently shipping about 3mn barrels of crude a day through the strait." At the beginning of the month EA was estimating 1mbd of crude and 0.3 mbd of products/LPG of non-iranian flows. energyaspects.com/resources/… So, taking into account iranian export reduction, the increase is probably up to 1.5-2mbd? Which is meaningful but still far from a problem solver - we are still sitting on a very large deficit. Few important questions - will this increased flow translate into production restart? - wonder if demand destruction estimates would be adjusted downwards in light of the higher flows ...

From Federal prisoner to White House "Pardon Czar." Donald Trump bypassed the DOJ to put a convicted cocaine trafficker in charge of presidential pardons—and she just helped free a notorious gang leader, fraud rings, and reality TV stars. Is this more of the "Law and Order" MAGA voted for? Full expose thread below. 👇🧵

Buyer learned about the Sprint merger at a golf outing. Bought stock the next day. Did it again with a second deal. Convicted on four counts. Sentenced to 22 months. Supreme Court declined to hear the appeal. Trump pardoned him Friday. The pardon doesn't erase the conviction. It just tells every lobbyist in Washington exactly how much a verdict costs.

THE EIA REPORTS THAT DISRUPTIONS IN THE STRAIT OF HORMUZ LED MIDDLE EAST PRODUCERS TO REDUCE OUTPUT BY MORE THAN 11 MILLION BARRELS PER DAY IN MAY COMPARED TO LEVELS BEFORE THE WAR.

Wow, if you read this you might get the impression that trump is getting ready to steal the next election! And you’d be right.

EIA has global oil demand at 99.73mbpd, global oil supply at 93.72mbpd in May 2026. For June, EIA projects demand at 101.55, supply at 94.19mbpd #oott

The Trump administration has killed a federal criminal investigation into GOP Sen. Jim Justice's coal companies. Justice had allegedly violated the Clean Water Act tens of thousands of times.

BREAKING📷 A woman donated $1 million to Trump's super PAC. Three weeks later, her son a convicted tax criminal was pardoned. His pardon application literally mentioned her donation. Her name is Elizabeth Fago. Her son, Paul Walczak, had pleaded guilty to federal tax crimes. The pardon application filed on his behalf explicitly cited his mother's million-dollar donation to MAGA Inc. as a reason he deserved clemency. Trump signed the pardon. Walczak walked free and was relieved of more than $4 million in restitution he owed. That is one entry on a donor list of 58 people who gave a million dollars or more. MAGA Inc., Trump's super PAC, has now raised over $305 million since the 2024 election five times more than any presidential super PAC in history at this stage. The Brennan Center called it "completely unprecedented." Ninety-six percent of it came from donors giving $1 million or more. Sixty-two percent from those giving $5 million or more. This is not a grassroots operation. It is a pay-window. Here's what the donor list actually shows. Crypto.com's parent company, Foris Dax, gave $30 million — while it was under SEC investigation for allegedly trading unregistered securities. The SEC investigation was quietly dropped in March 2025, two months after the donation. The Winklevoss twins gave $1 million — also while their crypto platform Gemini was under SEC investigation. That investigation was dropped in February 2025. Energy Transfer, the Texas pipeline company, and its CEO Kelcy Warren gave a combined $25 million — while Energy Transfer was actively suing a federal regulatory agency in court. OpenAI President Greg Brockman and his wife gave $25 million — as the Trump administration was actively shaping AI policy in Silicon Valley's favor. Then there are the appointments. Benjamin Landa gave $5 million then became Trump's ambassador to Hungary. Kelly Loeffler and her husband gave $5 million she now runs the Small Business Administration. Warren Stephens gave $2 million now ambassador to the United Kingdom. Jared Isaacman gave $2 million now NASA administrator. And Isabela Herrera, a 25-year-old self-employed financial consultant whose only prior political donation was $20 to Pete Buttigieg in 2020, somehow contributed $3.5 million to MAGA Inc. Her father a Venezuelan billionaire facing federal bribery charges was pardoned by Trump in January 2026. Campaign Legal Center has filed a formal complaint with the FEC alleging she was a straw donor for her father. This is not dark money. This is public record. Every dollar, every favor, every pardon. Filed with the FEC. Sitting in plain sight. If you appreciate my posts, it would mean the world if you followed my page. Thank you for being here