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Kira @Kiradavis - I feel like a fool for not just declaring my home a hospice. Now everyone is on to the game! Dammit.
Quote:
Christopher F. Rufo @christopherrufo
EXCLUSIVE: California spends $30 billion per year paying 800,000 people to cook, clean, shop, and watch television with family members and others. This "in-home care" program operates mostly on the honor system—and loses $6 to $12 billion a year to fraud.
https://www.city-journal.org/article/california-in-home-supportive-services-program-fraud-gavin-newsom
https://x.com/Kiradavis/status/2042049988491194682
Kirill Dmitriev @kadmitriev - Quote
Department of State @StateDept
Video: RESS SEC: It’s quite sad that NATO turned their backs on the American people over the last six weeks when it’s the American people who have been funding their defense.
President Trump looks forward to having a very frank and candid conversation with Secretary Rutte.
https://x.com/kadmitriev/status/2042012257815851196
Kirill Dmitriev @kadmitriev - Punished NATO
Quote:
The Wall Street Journal @WSJ
Exclusive: The Trump administration is considering a plan to punish some members of the NATO alliance that he believes were unhelpful to the U.S. and Israel during the Iran war, according to administration officials. https://www.wsj.com/world/europe/trump-weighs-punishing-certain-nato-countries-over-lack-of-iran-war-support-a2361995?mod=e2tw
https://x.com/kadmitriev/status/2042012093273272805
Kirill Dmitriev @kadmitriev - Quote:
Kirill Dmitriev @kadmitriev
Iranian crisis demonstrates the tremendous weakness and strategic vulnerabilities of NATO, the UK, and the EU, and their profound rift with the US.
https://x.com/kadmitriev/status/2041946956595945532
The Kobeissi Letter @KobeissiLetter - BREAKING: The US Economic Surprise Index is up to 0.338, the highest since October 2023.
The index measures economic data expectations to reality, rising above 0 when data beats estimates and falling below 0 when data misses.
Since July 2025, the index has risen +0.74 points, from -0.40, the lowest since September 2024.
The recent surge has been driven by stronger-than-expected retail sales, ISM Manufacturing PMI, and Conference Board Consumer Confidence data.
This suggests analysts significantly underestimated how much momentum the US economy had heading into the Iran war.
The US economy continues to surprise to the upside, even as geopolitical risks remain elevated.
https://x.com/KobeissiLetter/status/2042071500514054200
The Kobeissi Letter @KobeissiLetter - BREAKING: Global central banks bought +19 tonnes of gold in February, posting their 23rd consecutive monthly purchase.
This follows +6 tonnes in January, with year-to-date purchases now at +25 tonnes.
The National Bank of Poland led with +20 tonnes, bringing gold reserves to 570 tonnes, or ~31% of total FX holdings.
The Central Bank of Uzbekistan added +8 tonnes, lifting its gold reserves to 407 tonnes, or ~88% of total FX holdings.
China purchased +1 tonne, marking the 16th consecutive monthly purchase, pushing the total to 2,308 tonnes, or ~10% of FX total reserves.
Meanwhile, Turkey and Russia saw the biggest declines in February at -8 tonnes and -6 tonnes, with Turkey later selling an estimated ~120 tonnes in March to fund FX operations amid the Iran war.
Central bank gold demand remains strong.
https://x.com/KobeissiLetter/status/2042059169247981660
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