
Micah @CabronElBufon
16小時前
Taxi driver, born in Syria, moved to Venezuela as a teen.
Lived a tough life and escaped under Assad. Experienced the prosperity and downfall of one-resource economics (don't conflate Venezuela's success and sudden decline with socialism, you lazy bastard) in the moist oil-rich country on Earth — though it's extra-heavy crude, shit oil.
Finally, after leaving a place where eating from trashbins was becoming increasingly more common, he arrives in the US of A — and loves it!
Of course! After so much calamity and chaos, who wouldn't love driving around Salt Lake, gazing at the snow-capped mountains.
And he can pursue other business ventures with relative impunity (no gangs or overtly hostile government).
Can't remember what exactly made me want to share this. But I think it had something to do with the man's pleasantly satisfied grin he kept the whole car ride. From his eyes, it was evident that he's been branded by some horrific memories. But from the grin, it was clear that he enjoys adding new ones with the Utah mountains in the background.
Buffett Sounds The Alarm On U.S. Monetary Instability
Warren Buffett is not a man who speaks into the void. When he expresses himself, the finance world listens. At 94 years old, the legendary investor uses his annual letter to shareholders to deliver a straightforward message to Washington: budgetary excesses and monetary instability threaten the American economy. This warning comes as Berkshire Hathaway reports spectacular financial performance, with a record profit and a historic cash reserve of $334.2 billion. Thus, in a market where investment opportunities are becoming scarce, Buffett favors caution and prepares to hand over the reins to his designated successor, Greg Abel.
In his letter to shareholders, Buffett delivers an unequivocal message to Washington. He criticizes the growing budget deficits in the United States, exacerbated by the possible extension of tax cuts initiated under the Trump administration. “Fiscal craziness can destroy the value of paper money,” he warns, and emphasizes the importance of prudent management of public finances. He reminds that the prosperity of the United States relies on a stable dollar and that monetary errors can have irreversible consequences.
As budget deficits explode and the debate on extending the Trump-era tax cuts rages, Buffett fears a weakening of the dollar. He urges Washington to maintain a stable economic framework and to ensure support for the most vulnerable populations: “take care of those who, through no fault of their own, draw the short straw in life. They deserve better.”
Berkshire Hathaway continues to assert its dominance in the markets. The year 2024 ends with a net profit of $89 billion, driven by strategic investments in Apple and American Express. Operating profit jumps by 27 %, reaching $47.44 billion, a new peak for Buffett’s empire. In a context of high stock valuations, the company accumulates a record cash reserve of $334.2 billion, an unprecedented level. This accumulation reflects a cautious approach in a market deemed too expensive, where attractive investment opportunities are scarce.
Despite these spectacular results, Buffett remains cautious about investment prospects. He observes a shortage of attractive opportunities and notes that “often, nothing seems convincing,” and that the moments when he can deploy capital massively are becoming increasingly rare. This caution has translated into a partial sale of his stake in Apple, although the tech giant remains Berkshire Hathaway’s largest investment. Such a strategy illustrates the methodical management of the conglomerate, which prefers to wait rather than overpay for inflated assets.
As he mentions his advanced age, Buffett is preparing to pass on Berkshire Hathaway to Greg Abel, his designated successor. He assures shareholders that Abel has “demonstrated his ability to allocate capital wisely,” thus ensuring a smooth transition. Furthermore, Buffett confirms his intention to increase Berkshire’s investments in Japan, particularly in conglomerates like Mitsubishi and Itochu, as he believes these companies offer more attractive valuations than American stocks.
Warren Buffett reminds us of an essential rule of investing: prudence and responsible management are crucial in times of uncertainty. His warning about the public debt of the United States and the stability of the dollar could very well come to fruition if American budgetary excesses continue. Moreover, his shift towards Japan and the preparation for his succession represent a significant step for Berkshire Hathaway, which will need to evolve without him in an increasingly volatile financial world.
Why the White House Is Pushing Back on Elon Musk’s Perceived Authority With D.O.G.E
Elon Musk is running the US government—at least, that’s what he wants everyone to believe. On X (formerly Twitter), he presents himself as President Donald Trump’s personal war machine, the man in charge of tearing down Washington’s bureaucratic mess through the Department of Government Efficiency (D.O.G.E). He claims he’s axing federal jobs, shutting down agencies, and cutting billions in wasteful spending.
But inside the White House, the story is not quite the same. The Trump administration now swears in court that Musk is just an adviser, not a decision-maker. In a legal filing on Tuesday, the White House testified that Musk has no control over D.O.G.E and no real power in government.
Trump needs Musk, but he also needs to distance himself. A new poll released Wednesday shows 55% of Americans believe Musk has too much influence. If the White House admits Musk is running D.O.G.E, it could fuel constitutional challenges and weaken Trump’s populist image. So they’re playing both sides—letting Musk take credit while legally denying his authority.
pic.twitter.com/gA9MwklW7H
— Elon Musk (@elonmusk) February 20, 2025
White House scrambles to rewrite Musk’s role
The White House can’t keep its story straight. On Tuesday, Press Secretary Karoline Leavitt insisted that D.O.G.E is nothing more than an advisory board that delivers recommendations to Trump and his cabinet.
“A president wins an election, and he appoints staff, including myself … including Elon Musk,” said Stephen Miller, Trump’s deputy chief of staff. “And those staff report to him.”
Yet just hours later, Musk sat beside Trump for a pre-recorded Fox News interview, talking about how he’s dismantling the federal government. He described his “special relationship” with Trump, his mission to enforce executive orders, and how he’s leading the charge against bureaucracy.
So, which version is true? A growing number of lawsuits demand answers. Federal courts are struggling to define Musk’s role in government. More than a dozen lawsuits have been filed against Trump’s D.O.G.E, accusing it of operating outside legal boundaries.
At a hearing on Monday, US District Judge Tanya Chutkan challenged Trump’s lawyers on Musk’s unchecked power.
“What appears to be the unchecked authority of an unelected individual and an entity that was not created by Congress and over which it has no oversight” raises serious constitutional concerns, Chutkan said.
Many Democratic attorneys general want Musk and D.O.G.E blocked from interfering with federal agencies. But courts are hesitating. The problem is nobody can define what D.O.G.E actually does.
Chutkan refused to grant an emergency order stopping Musk. She ruled that D.O.G.E’s exact role is still unclear, making a legal intervention premature.
The same lack of clarity is hurting other lawsuits. Since D.O.G.E operates in the shadows, plaintiffs can’t prove how or where it will strike next, making it difficult for courts to act preemptively.
D.O.G.E operates in secrecy while Musk adds to the chaos
A month into Trump’s second term, D.O.G.E remains a mystery. The office has no known administrator, no published list of employees, and no public records of its decisions.
The only thing that’s clear? Musk is calling the shots—at least on X. Since Trump’s inauguration, Musk has flooded his X platform with announcements about government programs being cut, employees being removed, and agencies being shut down. At times, it’s impossible to tell whether he’s speaking for himself or for the government.
Earlier this month, a Wired investigation identified many D.O.G.E staffers. Musk responded immediately, posting on X that revealing their identities “should be considered a criminal act.”
The White House, meanwhile, claims D.O.G.E is operating under “total transparency.” “All of our actions are fully public,” Musk told reporters at the White House this week.
While lawsuits pile up, Trump is turning D.O.G.E into a political selling point. At the FII Priority Summit in Miami Beach, Florida, Trump announced that he’s considering sending 20% of D.O.G.E savings directly to Americans.
“There’s even under consideration a new concept where we give 20% of the D.O.G.E savings to American citizens and 20% goes to paying down debt,” Trump said.
Musk has promised that D.O.G.E will cut $2 trillion in federal spending from the $6.75 trillion annual budget. If that happens, that means $400 billion could be redistributed to taxpayers—roughly $5,000 per household.
Some Republicans are already trying to pitch the plan as a “D.O.G.E dividend.” Others warn that without proof of real savings, it’s nothing more than an election gimmick.
Matrix AI Network 社群媒體數據
過去 24 小時,Matrix AI Network 社群媒體情緒分數是 4,社群媒體上對 Matrix AI Network 價格走勢偏向 看漲。Matrix AI Network 社群媒體得分是 799,在所有加密貨幣中排名第 373。
根據 LunarCrush 統計,過去 24 小時,社群媒體共提及加密貨幣 1,058,120 次,其中 Matrix AI Network 被提及次數佔比 0%,在所有加密貨幣中排名第 373。
過去 24 小時,共有 108 個獨立用戶談論了 Matrix AI Network,總共提及 Matrix AI Network 35 次,然而,與前一天相比,獨立用戶數 減少 了 0%,總提及次數增加。
Twitter 上,過去 24 小時共有 1 篇推文提及 Matrix AI Network,其中 100% 看漲 Matrix AI Network,0% 篇推文看跌 Matrix AI Network,而 0% 則對 Matrix AI Network 保持中立。
在 Reddit 上,最近 24 小時共有 0 篇貼文提到了 Matrix AI Network,相比之前 24 小時總提及次數 減少 了 0%。
社群媒體資訊概況
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