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Peter St Onge, Ph.D.

@profstonge • 310,617 subscribers

Former professor, ex-bartender. Explaining economics like a normal person. The stories behind the headlines at https://t.co/GiMyzvXY8I

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Silicon Valley is dumping $1 trillion into the AI gold rush. Because revenue is growing 14x. The problem is prices are falling 19x per year.

Silicon Valley is dumping $1 trillion into the AI gold rush. Because revenue is growing 14x. The problem is prices are falling 19x per year.

Peter St Onge, Ph.D.

59,169 Aufrufe • vor 2 Tagen

73% of American voters now support the Trump agenda. As Congress gears up to fight Trump, they need to understand that on spending, DOGE, taxes, and immigration, Trump's agenda *is* the people's agenda.

73% of American voters now support the Trump agenda. As Congress gears up to fight Trump, they need to understand that on spending, DOGE, taxes, and immigration, Trump's agenda is the people's agenda.

Peter St Onge, Ph.D.

39,395,220 Aufrufe • vor 1 Jahr

76% of all personal income tax last month went to servicing the $34 trillion national debt. How did we get here? Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery.

76% of all personal income tax last month went to servicing the $34 trillion national debt. How did we get here? Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery.

Peter St Onge, Ph.D.

49,956,659 Aufrufe • vor 2 Jahren

Americans spend $546 billion trying to figure out their taxes. Because the tax code is 10 million words of incomprehensible legalese. 21 times longer than the Lord of the Rings trilogy. And if you disobey one word they'll put you in a cage.

Americans spend $546 billion trying to figure out their taxes. Because the tax code is 10 million words of incomprehensible legalese. 21 times longer than the Lord of the Rings trilogy. And if you disobey one word they'll put you in a cage.

Peter St Onge, Ph.D.

21,865,849 Aufrufe • vor 1 Jahr

Japan's population is collapsing. In the past year Japan lost nearly a million people as fertility falls to a record 1.2 children per woman. At that pace, if you start with 100 million people, after 3 generations you're down to just 20 million. The factors driving Japan's collapse are already entrenched in America and Europe. We are next.

Japan's population is collapsing. In the past year Japan lost nearly a million people as fertility falls to a record 1.2 children per woman. At that pace, if you start with 100 million people, after 3 generations you're down to just 20 million. The factors driving Japan's collapse are already entrenched in America and Europe. We are next.

Peter St Onge, Ph.D.

19,942,305 Aufrufe • vor 2 Jahren

The economy's booming but nobody's hiring. Because AI is boosting experienced workers -- they can do more, so you don't need to hire. While AI is replacing entry-level and new college grads. The Boomer vs Gen Z fight is about to go nuclear.

The economy's booming but nobody's hiring. Because AI is boosting experienced workers -- they can do more, so you don't need to hire. While AI is replacing entry-level and new college grads. The Boomer vs Gen Z fight is about to go nuclear.

Peter St Onge, Ph.D.

125,660 Aufrufe • vor 9 Tagen

Just in time for the election, Kamala turns in a catastrophic jobs report. Private sector jobs fell for the first time since the pandemic. Swamped by 40,000 government jobs to get all the squirrels.

Just in time for the election, Kamala turns in a catastrophic jobs report. Private sector jobs fell for the first time since the pandemic. Swamped by 40,000 government jobs to get all the squirrels.

Peter St Onge, Ph.D.

13,402,338 Aufrufe • vor 2 Jahren

California to give $150,000 "loans" to illegal migrants they don't have to repay unless they sell their house. This will ramp up the cost of housing -- already at record highs. It will ramp up the cost of illegal migration -- already $450 billion per year. And it invites another 2008-style housing crash.

California to give $150,000 "loans" to illegal migrants they don't have to repay unless they sell their house. This will ramp up the cost of housing -- already at record highs. It will ramp up the cost of illegal migration -- already $450 billion per year. And it invites another 2008-style housing crash.

Peter St Onge, Ph.D.

13,547,406 Aufrufe • vor 2 Jahren

No Big Balls for Congress. The GOP Congress is planning massive spending hikes with tiny cuts -- the Senate cuts just $4 billion. This is nowhere near what Republican voters want: A complete dismantling of the Washington Leviathan.

No Big Balls for Congress. The GOP Congress is planning massive spending hikes with tiny cuts -- the Senate cuts just $4 billion. This is nowhere near what Republican voters want: A complete dismantling of the Washington Leviathan.

Peter St Onge, Ph.D.

8,136,258 Aufrufe • vor 1 Jahr

Jobs collapse as job openings crash by *half a million* and layoffs soar to 1.8 million. Here come the panic cuts.

Jobs collapse as job openings crash by half a million and layoffs soar to 1.8 million. Here come the panic cuts.

Peter St Onge, Ph.D.

10,376,470 Aufrufe • vor 2 Jahren

America is now paying foreign aid to 177 countries. And Congress just shipped another $50 billion. It's an odd way to run an empire when Washington's cutting checks to basically the entire planet while Americans buy groceries with credit cards.

America is now paying foreign aid to 177 countries. And Congress just shipped another $50 billion. It's an odd way to run an empire when Washington's cutting checks to basically the entire planet while Americans buy groceries with credit cards.

Peter St Onge, Ph.D.

1,456,871 Aufrufe • vor 4 Monaten

90% of Iran’s oil was going to China. 70% of Venezuela’s oil was going to China. China’s now facing a 2 million barrel hole. And the world is on notice the Petrodollar does not forgive.

90% of Iran’s oil was going to China. 70% of Venezuela’s oil was going to China. China’s now facing a 2 million barrel hole. And the world is on notice the Petrodollar does not forgive.

Peter St Onge, Ph.D.

2,087,825 Aufrufe • vor 8 Monaten

Legacy media is a tax-funded grift. DOGE finds nearly 5,000 media outlets funded by USAID alone — including Politico, New York Times, and even the BBC. At least $500 million fueling a worldwide industry of propaganda and censorship.

Legacy media is a tax-funded grift. DOGE finds nearly 5,000 media outlets funded by USAID alone — including Politico, New York Times, and even the BBC. At least $500 million fueling a worldwide industry of propaganda and censorship.

Peter St Onge, Ph.D.

5,023,409 Aufrufe • vor 1 Jahr

New car prices just crossed $50,000. Up nearly $12,000 since Covid. 50 grand used to buy a luxury car that impressed the ladies. Now it buys an average car that impresses the loan officer. And leaves Gen Z riding a bicycle.

New car prices just crossed $50,000. Up nearly $12,000 since Covid. 50 grand used to buy a luxury car that impressed the ladies. Now it buys an average car that impresses the loan officer. And leaves Gen Z riding a bicycle.

Peter St Onge, Ph.D.

192,901 Aufrufe • vor 1 Monat

A bond crisis driven by $2.5 trillion deficits and $40 trillion of debt could take down stockmarkets, gold and silver, and the data center boom propping up the entire economy.

A bond crisis driven by $2.5 trillion deficits and $40 trillion of debt could take down stockmarkets, gold and silver, and the data center boom propping up the entire economy.

Peter St Onge, Ph.D.

98,822 Aufrufe • vor 16 Tagen

Trump is doubling down on repealing the entire income tax. This would hand roughly $2,500 per month to the typical American family. It would raise growth and lower inflation. And it would hollow out China as companies flood to produce in the US. The only barrier is Congress.

Trump is doubling down on repealing the entire income tax. This would hand roughly $2,500 per month to the typical American family. It would raise growth and lower inflation. And it would hollow out China as companies flood to produce in the US. The only barrier is Congress.

Peter St Onge, Ph.D.

4,414,125 Aufrufe • vor 1 Jahr

The federal government could “shut down” tomorrow at midnight. If it happens it hands Trump a blank check to terminate every single federal program he doesn't like. And it instantly puts the Federal budget into surplus.

The federal government could “shut down” tomorrow at midnight. If it happens it hands Trump a blank check to terminate every single federal program he doesn't like. And it instantly puts the Federal budget into surplus.

Peter St Onge, Ph.D.

2,377,719 Aufrufe • vor 1 Jahr

A nationwide tax revolt is brewing as Americans realize fraud and waste account for nearly every dollar the IRS takes. Enough that we could literally abolish the income tax. Which would drive family income over $100,000 per year.

A nationwide tax revolt is brewing as Americans realize fraud and waste account for nearly every dollar the IRS takes. Enough that we could literally abolish the income tax. Which would drive family income over $100,000 per year.

Peter St Onge, Ph.D.

1,654,098 Aufrufe • vor 9 Monaten

It’s Official: Alberta will vote on Independence after years of abuse from the rest of Canada. If it succeeds, it's 80% odds Alberta applies to join the US.

It’s Official: Alberta will vote on Independence after years of abuse from the rest of Canada. If it succeeds, it's 80% odds Alberta applies to join the US.

Peter St Onge, Ph.D.

885,116 Aufrufe • vor 5 Monaten

GDP hits 5.5%. Meaning the American economy is now growing faster than China. - Productivity growth tripled - Wages are growing 3.8% - Layoffs are the lowest since 2022 - Inflation is just 1.7% per Truflation This is the crash legacy media and economists swore was coming.

GDP hits 5.5%. Meaning the American economy is now growing faster than China. - Productivity growth tripled - Wages are growing 3.8% - Layoffs are the lowest since 2022 - Inflation is just 1.7% per Truflation This is the crash legacy media and economists swore was coming.

Peter St Onge, Ph.D.

1,486,797 Aufrufe • vor 9 Monaten