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𝗪𝗵𝗮𝘁 𝗹𝗶𝗳𝗲 𝗶𝘀 𝗹𝗶𝗸𝗲 𝗳𝗼𝗿 𝗺𝗼𝘀𝘁 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻𝘀: 77% can’t afford median-priced home 70% live paycheck to paycheck 140 million are poor or low-income 100 million have medical debt 𝗪𝗵𝗮𝘁 𝗹𝗶𝗳𝗲 𝗶𝘀 𝗹𝗶𝗸𝗲 𝗳𝗼𝗿 𝗿𝗶𝗰𝗵𝗲𝘀𝘁 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻𝘀: 1% own as much wealth as 90% of America 𝗖𝗮𝗽𝗶𝘁𝗮𝗹𝗶𝘀𝗺 𝗱𝗶𝗱 𝘁𝗵𝗶𝘀. 𝗦𝗼𝗰𝗶𝗮𝗹𝗶𝘀𝗺 𝗳𝗶𝘅𝗲𝘀 𝗶𝘁.

Power to the People ☭🕊

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Happy 4th of July? Millions of Americans think they’re celebrating 250 years of “freedom” today, but what they’re really celebrating is 250 years of corruption, endless war, and a capitalist system that exploits the many to enrich the few. The uncomfortable truth is none of us in the U.S. are free. We are owned by banks, exploited by billionaires, and controlled by two parties that sell us out at every turn. Freedom is just the illusion they sell to hide the cage and prevent people from ever questioning the dictatorship of capital that controls, exploits, and monetizes every aspect of our lives from birth to death. Where is the freedom when a handful of billionaires [and a trillionaire] hoard ungodly fortunes through the mass exploitation of our labor and the mass extraction of resources that belong to our communities? Where is the freedom when our tax dollars fund endless wars, genocide, and the mass murder of children abroad all to further enrich the billionaire class? Where is the freedom when 70% of Americans live paycheck to paycheck and struggle to afford basic needs like housing, healthcare, and groceries? Where is the freedom when 75% of Americans can’t afford a median-priced home, 100 million Americans live with medical debt, and 140 million Americans are poor or low-income? There is no freedom here. We are all prisoners of a decrepit capitalist system that keeps us trapped in the rat race by demonizing the one economic system, socialism, that would put the economy in the hands of the people. Imagine a world where workers own the means of production, resources are used for the benefit of all, and decisions are made to meet the basic needs of the people rather than the endless greed of billionaires. That is socialism, and there is nothing scary about it. What is scary is continuing to allow a handful of billionaires and two capitalist parties to control our entire economy and make life-or-death decisions for all of humanity. Now is not the time to celebrate a “freedom” that we never had. Now is the time to fight for our freedom from the dictatorship of capital.

Happy 4th of July? Millions of Americans think they’re celebrating 250 years of “freedom” today, but what they’re really celebrating is 250 years of corruption, endless war, and a capitalist system that exploits the many to enrich the few. The uncomfortable truth is none of us in the U.S. are free. We are owned by banks, exploited by billionaires, and controlled by two parties that sell us out at every turn. Freedom is just the illusion they sell to hide the cage and prevent people from ever questioning the dictatorship of capital that controls, exploits, and monetizes every aspect of our lives from birth to death. Where is the freedom when a handful of billionaires [and a trillionaire] hoard ungodly fortunes through the mass exploitation of our labor and the mass extraction of resources that belong to our communities? Where is the freedom when our tax dollars fund endless wars, genocide, and the mass murder of children abroad all to further enrich the billionaire class? Where is the freedom when 70% of Americans live paycheck to paycheck and struggle to afford basic needs like housing, healthcare, and groceries? Where is the freedom when 75% of Americans can’t afford a median-priced home, 100 million Americans live with medical debt, and 140 million Americans are poor or low-income? There is no freedom here. We are all prisoners of a decrepit capitalist system that keeps us trapped in the rat race by demonizing the one economic system, socialism, that would put the economy in the hands of the people. Imagine a world where workers own the means of production, resources are used for the benefit of all, and decisions are made to meet the basic needs of the people rather than the endless greed of billionaires. That is socialism, and there is nothing scary about it. What is scary is continuing to allow a handful of billionaires and two capitalist parties to control our entire economy and make life-or-death decisions for all of humanity. Now is not the time to celebrate a “freedom” that we never had. Now is the time to fight for our freedom from the dictatorship of capital.

Power to the People ☭🕊

170,303 views • 1 month ago

This is the time to remind each other across Africa and beyond about the harsh realities of bad financial choices that ruin lives. If you don’t own a house, and you also don’t own your car, then they are owned by the bank or you are paying someone else’s mortgage as a tenant. I don’t tell people what to buy with their earned or borrowed money, that is your prerogative, but I will tell you that if you buy and wear designer clothes yet you don’t have a home, then you are indeed a clown. This attached film is harsh, but it shows what the monied people set us up to do based on our bad habits way back when, sadly what is said in this 1954 film remains true to this day. I have seen a lot of Zim brothers and sisters in South Africa taking half a million rand loans to buy cars yet renting a 2 bedroom flat, that is foolishness on steroids! Half a million rand can get you a decent apartment in Johannesburg. I have also seen brothers and sisters piling up debt on credit cards buying gucci, Versace and related label paraphernalia in South Africa yet they are renting. Many fell into trouble during the Covid era, cars were repossessed, and some even lost their mortgaged properties, they were foolish yet many refuse to learn! Imagine being kicked out of your home with all those gucci boxes in a truck. We should not accentuate the poverty mentality of buying things in order to be seen when you are sinking into debt or you don’t have your own home. I am saying this not to insult but to highlight the importance of making wise financial choices and prioritizing long-term investments, like owning a home over short-term luxuries. It is extremely important for individuals to consider the implications of their spending habits and focus on building a stable financial foundation. The lessons from the past as portrayed in this 1954 film still resonate today. Aim for owning a home, aim for owning your car, and more importantly have savings and investments. Many wealthy people have never owned a brand new car, it is not that they can’t afford one, it is simply because they choose to prioritise investments over conspicuous consumption. It pains me when brothers and sisters start making calls looking for money to pay debts that they incurred during the festive season, buying name brand clothes to impress. A man or woman of substance doesn’t need to impress with things that they don’t afford, you impress with your mind. I know this post will be so unpopular because it touches people in a way they don’t want to reminded, but someone has to remind us. BMWs, Mercs, Gucci, Versace are for wealthy people, don’t pretend to be wealthy when you are not. Live within your means!!! January disease is a reflection of people who make bad financial decisions!

Hopewell Chin’ono

43,772 views • 2 years ago

$🧵 The "poor" who refuse to borrow money fund the "rich" who do. The individuals whom you mock as "poor" are, in fact, subsidizing the lifestyles of those who take out interest loans such as mortgages. Let me explain: I understand your perspective on the phrase "debt is good." I am aware that within the existing financial framework, often referred to as the Central Banks Fiat System or The Riba System, individuals can procure loans / borrow money with interest. They can then utilize these funds to acquire hard assets that gain value over time. This philosophy is advocated by figures such as Robert Kiyosaki and various others. However, a challenge emerges for devout Muslims who uphold their faith conscientiously. They abstain from participating in such contractual agreements due to their religious convictions, as these contracts are deemed prohibited by God, given the widespread detrimental effects they impose on the majority of humanity. Consider the words of Professor Saifedean Ammous Saifedean Ammous: "Borrowing money imposes a tax on society while offering a subsidy to the borrower. In the current fiat-based monetary system, a Muslim who opts not to engage in borrowing money due to religious convictions against usury / interest effectively subsidizes everyone else that does borrow money. Essentially, they are paying to support others through this subsidy." "The conclusion of the fiat system is that you need to short fiat as much as you can; that's a smart, winning move. Human wisdom over thousands of years is to save. Try not to borrow as much as you can and attempt to accumulate as much savings as possible. This concept is reversed under the current fiat system: if you're saving money, you're essentially subsidizing everyone else taking on loans. The winning move under the current fiat system, which is what rich people do, involves borrowing. Under the fiat monetary system, wealthy individuals don't hold a significant amount of cash. For example, if you're worth a billion dollars today, you wouldn't have a billion dollars in a checking / savings account. Instead, you might have around $100,000 to $1,000,000 million, which is just a small fraction of your wealth in cash, while the majority is invested in various hard assets. The wealthiest individuals in the world are also the biggest borrowers, and this applies to powerful entities like governments as well. This is how they become the richest and most powerful, as every borrowing instance provides an excuse for banks to print new money, which devalues everyone else's currency. Those who borrow also get a cut of this new money. For instance, if you were planning to purchase a house with your savings, your accumulated savings would lose value. On the other hand, if you were to buy the same house with credit, the bank's issuance of new money would make it more cost-effective. This is why people tend to buy everything on credit. The way we create fiat money is through credit creation. Most people think of fiat money as something that happens when the government prints money, and we still use the term "government's printing money." However, the vast majority of fiat is not physical. In fact, in the US, it is not created when it is physically printed; it's created when it is lent. So when you go to a bank to get a $1 million loan to buy a house, that bank is not going to give you a million dollars from its own money or its depositors' money. Instead, they will create a fresh new $1 million. When you walk out of that bank, the money supply is increased by $1 million to finance your home. Therefore, fiat money is essentially born out of government credit and the credit of banks backed by the Central Bank and the government. If you are part of the institutions that are granted the privilege of issuing fiat through loans backed by the Central Bank , you effectively create new currency and new money every time you issue a loan."$

🧵 The "poor" who refuse to borrow money fund the "rich" who do. The individuals whom you mock as "poor" are, in fact, subsidizing the lifestyles of those who take out interest loans such as mortgages. Let me explain: I understand your perspective on the phrase "debt is good." I am aware that within the existing financial framework, often referred to as the Central Banks Fiat System or The Riba System, individuals can procure loans / borrow money with interest. They can then utilize these funds to acquire hard assets that gain value over time. This philosophy is advocated by figures such as Robert Kiyosaki and various others. However, a challenge emerges for devout Muslims who uphold their faith conscientiously. They abstain from participating in such contractual agreements due to their religious convictions, as these contracts are deemed prohibited by God, given the widespread detrimental effects they impose on the majority of humanity. Consider the words of Professor Saifedean Ammous Saifedean Ammous: "Borrowing money imposes a tax on society while offering a subsidy to the borrower. In the current fiat-based monetary system, a Muslim who opts not to engage in borrowing money due to religious convictions against usury / interest effectively subsidizes everyone else that does borrow money. Essentially, they are paying to support others through this subsidy." "The conclusion of the fiat system is that you need to short fiat as much as you can; that's a smart, winning move. Human wisdom over thousands of years is to save. Try not to borrow as much as you can and attempt to accumulate as much savings as possible. This concept is reversed under the current fiat system: if you're saving money, you're essentially subsidizing everyone else taking on loans. The winning move under the current fiat system, which is what rich people do, involves borrowing. Under the fiat monetary system, wealthy individuals don't hold a significant amount of cash. For example, if you're worth a billion dollars today, you wouldn't have a billion dollars in a checking / savings account. Instead, you might have around $100,000 to $1,000,000 million, which is just a small fraction of your wealth in cash, while the majority is invested in various hard assets. The wealthiest individuals in the world are also the biggest borrowers, and this applies to powerful entities like governments as well. This is how they become the richest and most powerful, as every borrowing instance provides an excuse for banks to print new money, which devalues everyone else's currency. Those who borrow also get a cut of this new money. For instance, if you were planning to purchase a house with your savings, your accumulated savings would lose value. On the other hand, if you were to buy the same house with credit, the bank's issuance of new money would make it more cost-effective. This is why people tend to buy everything on credit. The way we create fiat money is through credit creation. Most people think of fiat money as something that happens when the government prints money, and we still use the term "government's printing money." However, the vast majority of fiat is not physical. In fact, in the US, it is not created when it is physically printed; it's created when it is lent. So when you go to a bank to get a $1 million loan to buy a house, that bank is not going to give you a million dollars from its own money or its depositors' money. Instead, they will create a fresh new $1 million. When you walk out of that bank, the money supply is increased by $1 million to finance your home. Therefore, fiat money is essentially born out of government credit and the credit of banks backed by the Central Bank and the government. If you are part of the institutions that are granted the privilege of issuing fiat through loans backed by the Central Bank , you effectively create new currency and new money every time you issue a loan."

Akbar Zab

171,159 views • 3 years ago

Hi Guys Back from Canberra. The last two weeks had been another exercise in holding back the tide and nothing more. The Disinformation/Misinformation Bill was blocked but the Online Safety Bill was passed. A number of other bills were passed which mainly involved giving subsidies for housing instead of cutting immigration. Labor’s proposed stand alone Independent Environment Watchdog was not put up which was also a win. Unfortunately I didn’t get very far with ASIO in regard to the politician who sold us out. I wrote to them asking for more information but said they couldn’t tell us anything. ASIO can’t be trusted. They are more interested in protecting the Establishment than the people. Same for Avoca Road. Labor refused to hand over the business case for spending $100 million to Albanese Beach House. This stinks to high heaven. The big picture in all of this that gets overlooked is debt levels. Nothing controls the people like debt and bills. Even the media can’t exercise the kind of control the banks do. Thats why the government need to focus on solutions to our economic malaise rather than trying to control us. Unfortunately none of the major or minor parties have any idea on how to deal with Australias debt other than People First. That’s because I’ve worked in Finance my entire life and understand how to generate wealth and control costs. Australia desperately needs an Infrastructure Bank as a way to internally fund Infrastructure instead of using foreign debt. We also need to cut the bureaucracy and reform the tax act to fund income tax cuts. And finally superannuation and childcare support need to be much more flexible. I will be focusing on selling these solutions along with getting candidates for PeopleFirst over the Holiday Season. For anyone interested in hearing more about these solutions I will be up at Maleny this Wednesday night and Bridgeman Downs next Monday night. Talk soon.

Hi Guys Back from Canberra. The last two weeks had been another exercise in holding back the tide and nothing more. The Disinformation/Misinformation Bill was blocked but the Online Safety Bill was passed. A number of other bills were passed which mainly involved giving subsidies for housing instead of cutting immigration. Labor’s proposed stand alone Independent Environment Watchdog was not put up which was also a win. Unfortunately I didn’t get very far with ASIO in regard to the politician who sold us out. I wrote to them asking for more information but said they couldn’t tell us anything. ASIO can’t be trusted. They are more interested in protecting the Establishment than the people. Same for Avoca Road. Labor refused to hand over the business case for spending $100 million to Albanese Beach House. This stinks to high heaven. The big picture in all of this that gets overlooked is debt levels. Nothing controls the people like debt and bills. Even the media can’t exercise the kind of control the banks do. Thats why the government need to focus on solutions to our economic malaise rather than trying to control us. Unfortunately none of the major or minor parties have any idea on how to deal with Australias debt other than People First. That’s because I’ve worked in Finance my entire life and understand how to generate wealth and control costs. Australia desperately needs an Infrastructure Bank as a way to internally fund Infrastructure instead of using foreign debt. We also need to cut the bureaucracy and reform the tax act to fund income tax cuts. And finally superannuation and childcare support need to be much more flexible. I will be focusing on selling these solutions along with getting candidates for PeopleFirst over the Holiday Season. For anyone interested in hearing more about these solutions I will be up at Maleny this Wednesday night and Bridgeman Downs next Monday night. Talk soon.

Gerard Rennick

40,788 views • 1 year ago

A billionaire just went on the biggest podcast in the world and said America is HEADING for civil war. This is a man who owns stocks, real estate, and companies. David Friedberg, investor, All-In Podcast host broke down how de-dollarization is gutting the middle class in real time. The government keeps spending and the dollar weakens. Stocks, real estate, goes up and everything the wealthy own keeps climbing. They don't even have to do anything. Most Americans don't own assets. They're net negative. They live off a paycheck. The dollar loses value, and that paycheck shrinks. Rent climbs, groceries cost more. The top 1% now holds 31.7% of all wealth in America. Highest share ever recorded. The bottom 50% holds 2.5%. $55 trillion sits with the wealthiest 1%. That's roughly what the bottom 90% has, combined. And the gap is still widening. The Gini coefficient, the global standard for measuring inequality just hit a 60-year high. Worker wages as a share of GDP? A 75 year low. Now drop AI into the middle of it. Yesterday, Jack Dorsey gutted nearly half of Block's entire workforce. Over 4,000 people, gone in one single firing. Block wasn't struggling and they posted $10 billion in gross profit last year. The stock ripped 22% higher on the announcement. Sit with that for a second. 4,000 people lost their livelihoods and investors made billions. That's the economy Friedberg is warning about. Dorsey went further. He told the world most companies will follow within a year. "Intelligence tools have redefined the process of creating and managing a company." Look at the last two months alone. Amazon, 16,000 jobs in January. Dow, 4,500. Pinterest, Meta, Nike, Allianz, WiseTech, all pointing at AI. 49,000 tech jobs wiped out since the start of 2026. Forrester says 10.4 million American jobs will be permanently gone by 2030. These jobs are gone and replaced by models and automation. And the money those systems generate? It goes straight to shareholders and executives. The people being replaced never see a dime of it. Friedberg pointed at what's already happening on the streets. Minnesota protests. 50,000 people marching through Minneapolis in January. He said the economic divide is the fuel underneath all of it. Then he said the thing no billionaire is supposed to say. A wealth tax might be unavoidable. Not because he wants one because the only other option is worse. "Can you do it violently or nonviolently? If there's a nonviolent path, that's probably the preferable path." A billionaire is telling you the system is cracking. AI is speeding it up. The people getting laid off can't buy stocks with their severance. The people making billions off AI aren't hiring replacements. This is the biggest economic story of the decade. Bookmark and share it with everyone.

A billionaire just went on the biggest podcast in the world and said America is HEADING for civil war. This is a man who owns stocks, real estate, and companies. David Friedberg, investor, All-In Podcast host broke down how de-dollarization is gutting the middle class in real time. The government keeps spending and the dollar weakens. Stocks, real estate, goes up and everything the wealthy own keeps climbing. They don't even have to do anything. Most Americans don't own assets. They're net negative. They live off a paycheck. The dollar loses value, and that paycheck shrinks. Rent climbs, groceries cost more. The top 1% now holds 31.7% of all wealth in America. Highest share ever recorded. The bottom 50% holds 2.5%. $55 trillion sits with the wealthiest 1%. That's roughly what the bottom 90% has, combined. And the gap is still widening. The Gini coefficient, the global standard for measuring inequality just hit a 60-year high. Worker wages as a share of GDP? A 75 year low. Now drop AI into the middle of it. Yesterday, Jack Dorsey gutted nearly half of Block's entire workforce. Over 4,000 people, gone in one single firing. Block wasn't struggling and they posted $10 billion in gross profit last year. The stock ripped 22% higher on the announcement. Sit with that for a second. 4,000 people lost their livelihoods and investors made billions. That's the economy Friedberg is warning about. Dorsey went further. He told the world most companies will follow within a year. "Intelligence tools have redefined the process of creating and managing a company." Look at the last two months alone. Amazon, 16,000 jobs in January. Dow, 4,500. Pinterest, Meta, Nike, Allianz, WiseTech, all pointing at AI. 49,000 tech jobs wiped out since the start of 2026. Forrester says 10.4 million American jobs will be permanently gone by 2030. These jobs are gone and replaced by models and automation. And the money those systems generate? It goes straight to shareholders and executives. The people being replaced never see a dime of it. Friedberg pointed at what's already happening on the streets. Minnesota protests. 50,000 people marching through Minneapolis in January. He said the economic divide is the fuel underneath all of it. Then he said the thing no billionaire is supposed to say. A wealth tax might be unavoidable. Not because he wants one because the only other option is worse. "Can you do it violently or nonviolently? If there's a nonviolent path, that's probably the preferable path." A billionaire is telling you the system is cracking. AI is speeding it up. The people getting laid off can't buy stocks with their severance. The people making billions off AI aren't hiring replacements. This is the biggest economic story of the decade. Bookmark and share it with everyone.

StockMarket.News

200,471 views • 5 months ago

$The quintessential question every Kenyan must grapple with today is: What is the purpose of government in Kenya? Let's take a look at Baringo County as we try to answer that question. Baringo County has a poverty rate of 47%. This is despite the fact that it has received KSH 60.3 billion since devolution. This county can only raise 3% of its budget, or KSH 250 million. 11 years into devolution. Its 45 MCAs in 2024-2025 consumed 10% of the entire budget on themselves. 10% of the entire budget. This county, after raising KSH 250 million locally: Spends 55% of all revenue on salaries for the 1% of people in government. The legal limit is 35%! That gimmick alone - 55% vs 35% - robs citizens KSH 1.5 billion in 2024-2025 alone. In the last three years, citizens have lost KSH 3.3 billion that way. Now, watch the attached video of a healthcare facility - collapsing because of corruption, incompetence, and indifference. This KSH 3.3 billion went to 1% of those in government. And, it does not include the money lost to corruption in the shameful facility under discussion. After raising KSH 250 million locally, or 3% of its budget, the county drops KSH 381 million on travel. Travelling in style. Where to? "Benchmarking exercise" in Tanzania. "Smart (more appropriately, "dumb") governance" in Dubai. "Empowering excellence" in Dubai. "Digital conference" in Rwanda. "Retirement planning" in Tanzania. "Leadership and integrity" in Tanzania. I mean - you gotta hand it to them. They are trolls per excellence. Leadership and integrity? The point is - this county that started by taking 55% of all revenue on salaries, drops KSH 381 million travelling, for absolute nonsense. ZERO VALUE FOR CITIZENS. The governor is taking home a basic income that is a whopping 75 times the income earned by the average citizen. The MCA? 15 times. All this information can be found on the last attachment. This county, in 2024-2025, spent KSH 0 on bursaries - in a county where one in two people cannot afford two meals in a day. It total, it spent only KSH 170 million on education in the county, which was about 1.9% of the budget. For all the children in the county. 55% on salaries, 1.9% on education. After all that wastage and greed - believe it or not, the county has a lengthy list of stalled projects. Look at the the third attachment here. Many of the stalled projects list: "Inadequate funding" has the reason that the project failed. The stalled projects include healthcare facilities and schools. Let that sink in. Our laws tell county governments - do not spend more than 35% of revenue on salaries for yourselves - because you are not the purpose for devolution. You are not the purpose for the existence of government. But - that doesn't mean anything. They spend 55% on salaries - on a tiny fraction of the county - less than 1% of the county population. In three years alone, this theft through illegal spending on salaries amounts to KSH 3.3 billion! They then take KSH 381 million for travel. The County Governor's office, is allocated KSH 3.9 billion, out of a county budget of about KSH 9 billion. Crazy, right? The Governor's office's budget is larger than: The county assembly; Roads department; Health services department Agriculture department; and Water and irrigation. COMBINED! The question I said we need to grapple with is: What is the purpose of government in Kenya? Devolution as currently set up will not work, without significant reform. What you see above is not government. It is not devolution. It is extraction. Pure and simple. We as Kenyans need to love our country better. And when you love anything, you want the best version of it. We cannot spend 70% of every single shilling in our name on 3% of Kenyans, and act like we are a country with a government. Our country owes KSH 12 trillion, for which the future of this country is in serious jeopardy. A country where about 50% of all citizens are youth - is spending over 80% of all revenue on debt service, perpetuating this type on insanity. And when Kenyans ask questions, they are called merchants of anarchy. Their patriotism is questioned. They are told they are not educated. Change Must Come. Baringo County Govt. Abdi Nasambu$

The quintessential question every Kenyan must grapple with today is: What is the purpose of government in Kenya? Let's take a look at Baringo County as we try to answer that question. Baringo County has a poverty rate of 47%. This is despite the fact that it has received KSH 60.3 billion since devolution. This county can only raise 3% of its budget, or KSH 250 million. 11 years into devolution. Its 45 MCAs in 2024-2025 consumed 10% of the entire budget on themselves. 10% of the entire budget. This county, after raising KSH 250 million locally: Spends 55% of all revenue on salaries for the 1% of people in government. The legal limit is 35%! That gimmick alone - 55% vs 35% - robs citizens KSH 1.5 billion in 2024-2025 alone. In the last three years, citizens have lost KSH 3.3 billion that way. Now, watch the attached video of a healthcare facility - collapsing because of corruption, incompetence, and indifference. This KSH 3.3 billion went to 1% of those in government. And, it does not include the money lost to corruption in the shameful facility under discussion. After raising KSH 250 million locally, or 3% of its budget, the county drops KSH 381 million on travel. Travelling in style. Where to? "Benchmarking exercise" in Tanzania. "Smart (more appropriately, "dumb") governance" in Dubai. "Empowering excellence" in Dubai. "Digital conference" in Rwanda. "Retirement planning" in Tanzania. "Leadership and integrity" in Tanzania. I mean - you gotta hand it to them. They are trolls per excellence. Leadership and integrity? The point is - this county that started by taking 55% of all revenue on salaries, drops KSH 381 million travelling, for absolute nonsense. ZERO VALUE FOR CITIZENS. The governor is taking home a basic income that is a whopping 75 times the income earned by the average citizen. The MCA? 15 times. All this information can be found on the last attachment. This county, in 2024-2025, spent KSH 0 on bursaries - in a county where one in two people cannot afford two meals in a day. It total, it spent only KSH 170 million on education in the county, which was about 1.9% of the budget. For all the children in the county. 55% on salaries, 1.9% on education. After all that wastage and greed - believe it or not, the county has a lengthy list of stalled projects. Look at the the third attachment here. Many of the stalled projects list: "Inadequate funding" has the reason that the project failed. The stalled projects include healthcare facilities and schools. Let that sink in. Our laws tell county governments - do not spend more than 35% of revenue on salaries for yourselves - because you are not the purpose for devolution. You are not the purpose for the existence of government. But - that doesn't mean anything. They spend 55% on salaries - on a tiny fraction of the county - less than 1% of the county population. In three years alone, this theft through illegal spending on salaries amounts to KSH 3.3 billion! They then take KSH 381 million for travel. The County Governor's office, is allocated KSH 3.9 billion, out of a county budget of about KSH 9 billion. Crazy, right? The Governor's office's budget is larger than: The county assembly; Roads department; Health services department Agriculture department; and Water and irrigation. COMBINED! The question I said we need to grapple with is: What is the purpose of government in Kenya? Devolution as currently set up will not work, without significant reform. What you see above is not government. It is not devolution. It is extraction. Pure and simple. We as Kenyans need to love our country better. And when you love anything, you want the best version of it. We cannot spend 70% of every single shilling in our name on 3% of Kenyans, and act like we are a country with a government. Our country owes KSH 12 trillion, for which the future of this country is in serious jeopardy. A country where about 50% of all citizens are youth - is spending over 80% of all revenue on debt service, perpetuating this type on insanity. And when Kenyans ask questions, they are called merchants of anarchy. Their patriotism is questioned. They are told they are not educated. Change Must Come. Baringo County Govt. Abdi Nasambu

Bonnie Mwangi, CPA, LLM, MBA

10,019 views • 3 months ago

My fellow Kenyans, Many of you have seen my recent posts about the deadly cancer that is corruption in our country. In my last post, I tried to paint a picture of the disconnect between our potential as a country and the economic circumstances we find ourselves in today, and the connection between corruption and the incalculable pain and suffering and cruelty that is meted out every single day to the most vulnerable among us by thieves operating out of public office. And after covering the goings-on in Mandera County, I told you that in my honest opinion, our governments exist to cater for the filthy-rich lifestyles of the vilest and most corrupt among us, at the expense of everyone else. I received tremendous support from all of you, for speaking on behalf of so many struggling Kenyans who don’t have a voice, or the audience necessary to spark the much-needed discussion about where we are heading as a country. But even with all that support, I have received messages asking me to be careful. One compatriot told me: “prepare to be relentlessly pursued, threatened, enticed, guilt-tripped, and gas-lit”. This is from a someone who knows how our government operates, and how it uses violence and its monopoly on power to silence those who question why politicians are stealing so much. I am not naive about the dangers of speaking up and calling out thieves who control state machinery, and who possess the ability to shut me up in a few seconds. But I will tell you why we CAN NOT and MUST NOT keep quiet. In November of 2023, I stumbled upon the story of a young man from Turkana, Calvin Esekon Esewit , who, despite scoring an A-, and getting an acceptance into medical school, spent two years not knowing whether his dreams of becoming a doctor would ever come true. I was moved by that story in a way that I can never adequately explain. I could not understand how it is possible that, in our country, a young man who appears to be every parent’s dream child can spend two years in limbo while we as a country possess the ability to invest in our best and brightest. And so, I spent weeks trying to chase down Calvin to see how I could help him attend college. After a lot of searching, I finally found Calvin, and by this time he had managed to get some help and is now in college. While this story has a great ending, it did not to be this way. And we know that the number of cases that end like this, with some success, are a small fraction of those ones which end tragically, with broken dreams. This is what happens when corruption consumes anything and everything in a country. It destroys lives. See attached video to learn about Calvin's story. I tell you all this story because it provides context to today's topic. For one story like this one that you see on the news, there are millions that never make the news. But they are real situations, nonetheless. There are millions of your compatriots who are devastated by this killer cancer of corruption that is perpetuated by people that you and I have put into public office ostensibly to improve our lives. They go into these offices and abuse the trust you bestowed upon them and deny you and everyone else a decent opportunity in life. You see, Calvin and millions of other victims of this shameless level of corruption and plunder have no voice, and no real ability to look the thieves that are destroying lives and generations of Kenyans in eye and tell them to stop this unbearable pain and the cruelty. This is the reason I embarked on this journey to attempt to expose this shameful situation. Watch the attached video of Calvin’s situation, and I am sure that you will agree that the millions of Calvins in our country need a voice, NO MATTER THE RISK. The thieves that are destroying the futures of millions of children just so they can have beachside homes in Miami, Dubai and other places count on the idea that most people will fear for their lives, and therefore not speak up. They count on the growing apathy in the Kenyan psyche. But we cannot give in to that. We cannot cower to thieves. We must look them straight in the eye and tell them that they MUST STOP. If we don't, our children and their children are guaranteed the same level of cruelty. And so with that, today I want to talk about the utterly insane crime scene that is Turkana County. I don’t know any other way to describe it, other than, it is a “shit-show”. Just follow along, and let me know if you disagree. As I did in my previous commentary, I will ask you to indulge me a little bit, and allow me to use a couple of pictures, because pictures speak louder than a thousand words. The first picture shows the state-of-the art County Government offices, that the County Government of Turkana decided to invest an ungodly amount of money on. Close to a billion shillings. The second picture is a classroom in session. In Turkana County. These two realities are occurring in parallel in the same county, at the same time. Ladies and gentlemen, let me just tell you that I do not go out of my way to find bad news. I want stories that would help re-affirm our belief in the fundamental decency of human beings. When I find good news as I review these Counties’ decisions and how they behave with our resources, I will be the first one to report it to you. But I don’t have any good news today. I have bad news. If you read my commentary yesterday and were offended by what you saw, I am afraid you might not make it to the end of this article, because what you will hear will be quite shocking. The cancer of corruption, particularly at the County Government level, is worse than your wildest imagination. And so, as I like to do, I like to start off by putting some numbers on the table for us to use as reference points. Bear in my that all the information I put in this article is publicly available. Nothing came to me through a whistle blower. The first number is KSH 100 Billion. With a B. In the last decade or so, you and I, through the National Government, has sent over KSH 100 billion to Turkana County. To support recurrent expenditure, and development. For example, in the 2022-2023 fiscal year, we sent KSH 12.6 billion. In the 2021-2022 fiscal year, we sent KSH 11.4 billion. And on and on and on. The second number is 1 million. This is the population of Turkana County. The third number is KSH 18.4 billion. This was Turkana County’s budget for the 2022-2023 fiscal year. The fourth number is KSH 190 million. This was the amount of money that Turkana County was able to generate on its own accord within the county, from all its investments and other activities in the period in question. This number is an important proxy, in my view, for the value of the county’s economic prospects for the foreseeable future, and to people that are not driven by greed and corruption, would be an important consideration when they are thinking about how and where to deploy your money as taxpayers. If you are doing the math, Turkana County, for the 2022-2023 fiscal year, was only able to raise 1% of the funds needed to keep the lights on. 99% came from you and I, and a tiny amount from grants. The next number is KSH 129, 040. This is the average ANNUAL [emphasis added] income of a resident of Turkana County ( Keep that number in mind when we are discussing the massive theft of public funds by Turkana County leaders. The next number is 80%. 80% of the residents of Turkana County live below the poverty line. They have a really difficult time putting food on the table. ( The next number is KSH 12 Million. This is the basic salary of the Governor of Turkana County before other benefits that, as I explained yesterday, can often double the salary. Remember the “housing allowance”, the “hardship allowance”, the “commuter allowance”, the “risk allowance”, the “extraneous allowance”, etc.? Remember that? I still cannot figure out, for the life of me, what “extraneous” means in the context of County business, but we don’t time to dwell on this. The next number is 93. The Governor of Turkana County makes 93 times the average Turkana County resident’s annual income. 93 times! The next number is 82%. This was the percentage of people that were illiterate in Turkana County in 2013 ( Could not read or write. A point to note about the above literacy figure. Ten years later, and despite over KSH 100 billion is spent in Turkana County, including many billions for education, that literacy rate HAS NOT CHANGED ONE BIT. Only 20% of the population can read or write today. ( KSH 829 million. This is how much it cost to build the County Government offices. Yes, the ones shown in the first picture. KSH 120 million. The County Government decided that it was prudent to pay a contractor KSH 120 million to construct the Governor’s personal residence. Get this, even after this payment, no construction took place. The money was stolen. All of it. KSH 90 Million. This is the amount that the County Government paid to another contractor, to build the Governor a mansion, having previously lost KSH 120 million. So, the tally for the Governor’s residence now stands at KSH 210 million. Never mind that the limit allowed by law is KSH 45 million. KSH 5 billion. In the last days of his term in office, an outgoing Governor of Turkana, Koli Nanok, EGH. , sought to inflate pending bills by adding KSH 5 billion so that it can be paid to his criminal cartel. KSH 5 billion. We have our key numbers, ladies and gentlemen, so let us discuss. So, we have a county that is dead last in literacy, and in the top 2 of the poorest counties in the republic. Only 20% of the population can read. The Governor earns 92 times the average citizen. The Governor lives in a house that cost over KSH 200 million. When he leaves his house in the morning, he goes to his office that cost KSH 829 million. And this is all happening when 80% of the County residents struggle to put food on the table. Those are the facts, and they are not in dispute. During the same time, the County Government geniuses decide to build the Speaker of the County Assembly a house. And a home office, and a garage. The house was initially estimated to cost KSH 75 million. But due to circumstances that not a soul in the government could explain to auditors, the contract expired before the house was completed, and the County Government found a new contractor to complete the job for an additional KSH 29 million. But this palace in the jungle worth apparently worth over KSH 100 million in Turkana County was not enough. The County proceeded to build the Speaker a guest house for another KSH 19 million, and a few other amenities, and so the whole cost went to KSH 276 million! The legal limit for a Speaker’s house is KSH 35 million, and they spent close to KSH 130 million just for one residence. By this time, I am sure you are getting tired of these obscene numbers. You and I work, and pay taxes. Nobody pays you 92 times the income your average neighbor is making. And for sure nobody will drop KSH 100 million to build you a house. These are the perks of working in government in a poor country. Go figure. And so, as a country, we need to answer for ourselves the question I posed yesterday, which is, what is the point of government? What is its role in our lives. If this level of criminality and pillaging can occur in our country in the midst of so much poverty, questioning the need for government is a totally valid question. I said in my last post that, when the average citizen looks at the thug on the street and the government, and is unable to discern any meaningful difference between them, that society from that point on is on its journey to becoming a failed state. A journey to anarchy. Over the last two months or so, Kenyans have been shouting at the top of their lungs, begging for their government to listen. To hear them out. Kenyans have asked that their government stop this unbelievable level of plunder. Dozens of Kenyans have died, thousands injured, and many more are missing today. To this day, the people that govern us continue to use the power of the gun to subdue Kenyans, until they can take everything in their sight. And so, as a society, we all have to ask whether today there is any difference between the thug on the street and our governments. Every Kenyan will have to answer this question for themselves. And before answering this question, everyone needs to remember the many Calvins in our society. Smart, upright children whose only crime is to be born in an unforgiving, lawless, and corrupt purgatory that is Kenya today. For myself, I have concluded that there is no difference between the thug on the street and our governments, county and national alike. If you can see any meaningful difference, let me know. I am willing to listen. So despite over KSH 100 billion in money sent to Turkana County, there is almost no measurable improvement in people’s life today. None. And it makes sense, when you look at how that money is spent. I want you to forget for a second the obscene obsession by the County Government with spending ungodly amounts of money on themselves. The houses, etc. If you step back and look at how the government is actually spending the hard-earned money on other things, you will be depressed. I am telling you that I wept three times in the middle of the night trying to make sense of this crazy situation in Turkana County. Three times. I have never imagined that human beings can be so greedy and cold-blooded. Think about this: In the couple of years I reviewed, the County spent around KSH 400 million annually in “tourism” initiatives, including marketing, and apparently upgrading certain facilities. KSH 400 million for tourism. In Turkana County. In 1 year. KSH 400 million per year in marketing and other money pits. The government’s own website says that the county gets around 3000 visitors per month. Around 36,000 per year. That’s them saying that, on their website. Are you curious to know the return on that KSH 400 million investment? I have an answer for you. Remember that I told you that the County has never raised more than KSH 200 million in a year within the county, despite its KSH 18.4 billion budget? Let me walk you through the breakdown of the absolutely embarrassing shit-show that is the County Government’s “own source revenue” operations. In 2022-2023, the County Government collected KSH 190 million locally against their KSH 18.4 billion budget. 1% of the budget. Remember, there is absolutely no requirement on the County to cut costs, or achieve certain local revenue targets today. So they raised KSH 45 million in single business permits, KSH 72 million in CESS, KSH 8 million in market fee, KSH 9 million in “slaughter fees”. And then finally, there is the return on the tourism investment that you were looking for. A whopping KSH 209, 000 in “park fees”. KSH 209,000 in fees, after investing KSH 400 million. And so, take this as an example and extrapolate it across the entire budget, and you can see how one can spend KSH 100 billion and get NOTHING in return. You don’t need to be a genius to see the absurdity of this situation. Let me explain using an example that should illustrate the utter dimwittedness of this situation. Remember the KSH 100 billion sent to Turkana by you and me? Part of this amount is supposed to be for “service delivery”, or “recurrent expenditure”. Usually about 70% of the budget. The balance, 30%, is designed to go to development projects. With that in mind, from KSH 100 billion, the County apparently has made KSH 30 billion worth of investments, right? 30% of the KSH 100 billion. Now, if you employed someone to run a business for you, and they asked you to invest KSH 30 billion, which is no small fortune, at some point you would have to start seeing returns, right? That’s common sense, isn’t it? So, when we look at the revenues streams that make up this paltry sum of KSH 190 million, and see things like “slaughter fees’ and “market fees”, what does it tell you? It tells me there is no real “development” happening in that county. Trust me, if you had real development totaling KSH 30 billion, you would have corporate taxes in the hundreds of millions or billions, a booming real estate market, rising wages and standards of living, etc., low unemployment, etc. You would not have 80% of the people living hand-to mouth, and a County Government that can not afford to support itself for 5 days out of the year that has 365 days! We do not have enough time, trust me, to deal with the shit-show that is Turkana County. Dealing with that mess would require a forensic team. I will just highlight a few of other “in your-face” type of theft of public funds, and then conclude my submission. A government that has a budget of KSH 18.4 billion annually, and which has never raised more than 1% of its budget had the wisdom to do the following with your money: · Spend KSH 222 million on a project building something that NOBODY uses. You got that right. They spent KSH 222 million on a facility that NOBODY uses. KSH 222 million gone to waste, in a county that is dead last in pretty much all measures of human progress. · Remember the County Government offices that cost KSH 829 million? The County spent KSH 82 million on “air-conditioning” for that building. · Despite the County Spending hundreds of millions for the top three officers of the County, the Governor and his Deputy, in the 2022-2023 year, illegally charged the county (you and I) KSH 2.2 million in housing allowance! · Built two facilities for KSH 16 million, that were completed, but NOBODY uses them. · Entered into a contract for the construction of a plastic use facility for KSH 13 million in 2021. The contractor gets paid KSH 4.9 million, and has never been seen since. · Paid out KSH 62 million in salaries that were not supportable in just one year. They could not point to anybody and say, that is who we paid. · Paid out KSH 27 million in legal fees that nobody could say what they related to. And the County’s Legal Advisor, who, in 2022-2023, had a budget of KSH 123 million, apparently did not know anything about it! · Had an outstanding bill at Kenya Revenue Authority in the amount of KSH 486 million, that did not show up on the County Government’s financial statements. Think about that. KSH 486 million owned to the Kenya Revenue Authority, and that liability is not on the financial statements! This only means that someone took those funds for themselves, which is why the liability would be missing from the county’s books. · Could not account for KSH 367 million in expenditures for 2022-2023. KSH 367 million, in unexplained expenses. · Awarded a contract worth over KSH 200 million to a bidder with no bank statement, against the law. This contract was entered into and approved before the statutory time after the bidding process lapsed. Someone was in a hurry to get paid. KSH 200 million, illegally awarded to a bidder who did not have a 6-month bank statement. · Apparently purchased KSH 1.5 billion in assets in 2022-2023, but kept no records of the said assets. For this reason, NOBODY can verify where these assets are located. KSH 1.5 billion. Let me just say this. In my last article, the most common critique was that it was too long. Too many words. I did not intend to make another long article. Trust me when I tell you this, we do not have the time to detail half of the problems in Turkana County. For just 1 year! We do not. Now, you recall my point about how societies descend to madness and anarchy. In our country today, our leaders are accusing those of us who are agitating for honest and transparent governance of being traitors to the country. They call us anarchists, criminals, and merchants of chaos. They are questioning our patriotism. You have all seen the government and its horde of propagandists threatening the Ford Foundation and others because they may have helped civil society keep the lights on, and investigative journalists to have the capacity to continue to do the Lord’s work of investigating criminality in government. As though citizens are so dumb and ignorant, that they cannot see what is going on. The reason why millions of Calvins in this country will never graduate from college and earn a decent living is not because of the Ford Foundation. No. It is because of the thieves we have in office today, like the ones in Turkana County. In this post, I copy our leaders, the President and his deputy. I copy them because I want them to help Kenyans understand the following conundrum, about crime and criminals. There is nothing so special or peculiar about criminals or where they pop up. There are criminals in the US, Canada, France, and other places. Just like we have criminals in Kenya. The difference between banana republics and failed states, and civilized societies, is WHAT we do to and about criminals. In civilized societies, criminals are prosecuted and punished heavily. They are shunned. In some places, those charged with serious crimes such as corruption are executed. These are societies that are committed to sending the message that corruption, which robs citizens of their rights, is not acceptable. And they demonstrate this commitment by heavily punishing those who steal from the most vulnerable in society. In Kenya, we see the opposite. Criminals are exalted. They are promoted and embraced in government. It was just last week that the president unveiled his nominees for his Cabinet. Among them, are the likes of Hassan Ali Joho, EGH. , @GovWOparanya , and Davis Chirchir, ALL people who have been accused or charged with massive corruption against Kenyans. And am sure you remember that I mentioned Koli Nanok, EGH. , the man who tried to steal KSH 5 billion in his last days in office. Would you believe it if I told you that he works in government, at State House? He plunded billions of your money, got no measurable improvement in the lives of his subjects, and now has a government job in State House. Let that sink in. And so, the question is, how is it that in a country of 55 million people, with thousands of highly qualified people who have never ever stolen from Kenyans, he ends up with the criminals and thieves in the government, despite the fact that their crimes are in the public domain? How is this possible? Is it possible that these thieves possess a certain unique ability to run government, save Kenyans billions, and solve problems in a way that the president performs a cost-benefit analysis, and the benefits outweigh the costs of their theft? If not, what message does it send to Kenyans, when their own president puts into office known thieves? I think that is a fair question, don’t you? Dr. Ekuru Aukot Rigathi Gachagua William Samoei Ruto, PhD Okiya Omtatah Okoiti Citizen TV Kenya Nation Breaking News TI-Kenya CNN County Government of Turkana

My fellow Kenyans, Many of you have seen my recent posts about the deadly cancer that is corruption in our country. In my last post, I tried to paint a picture of the disconnect between our potential as a country and the economic circumstances we find ourselves in today, and the connection between corruption and the incalculable pain and suffering and cruelty that is meted out every single day to the most vulnerable among us by thieves operating out of public office. And after covering the goings-on in Mandera County, I told you that in my honest opinion, our governments exist to cater for the filthy-rich lifestyles of the vilest and most corrupt among us, at the expense of everyone else. I received tremendous support from all of you, for speaking on behalf of so many struggling Kenyans who don’t have a voice, or the audience necessary to spark the much-needed discussion about where we are heading as a country. But even with all that support, I have received messages asking me to be careful. One compatriot told me: “prepare to be relentlessly pursued, threatened, enticed, guilt-tripped, and gas-lit”. This is from a someone who knows how our government operates, and how it uses violence and its monopoly on power to silence those who question why politicians are stealing so much. I am not naive about the dangers of speaking up and calling out thieves who control state machinery, and who possess the ability to shut me up in a few seconds. But I will tell you why we CAN NOT and MUST NOT keep quiet. In November of 2023, I stumbled upon the story of a young man from Turkana, Calvin Esekon Esewit , who, despite scoring an A-, and getting an acceptance into medical school, spent two years not knowing whether his dreams of becoming a doctor would ever come true. I was moved by that story in a way that I can never adequately explain. I could not understand how it is possible that, in our country, a young man who appears to be every parent’s dream child can spend two years in limbo while we as a country possess the ability to invest in our best and brightest. And so, I spent weeks trying to chase down Calvin to see how I could help him attend college. After a lot of searching, I finally found Calvin, and by this time he had managed to get some help and is now in college. While this story has a great ending, it did not to be this way. And we know that the number of cases that end like this, with some success, are a small fraction of those ones which end tragically, with broken dreams. This is what happens when corruption consumes anything and everything in a country. It destroys lives. See attached video to learn about Calvin's story. I tell you all this story because it provides context to today's topic. For one story like this one that you see on the news, there are millions that never make the news. But they are real situations, nonetheless. There are millions of your compatriots who are devastated by this killer cancer of corruption that is perpetuated by people that you and I have put into public office ostensibly to improve our lives. They go into these offices and abuse the trust you bestowed upon them and deny you and everyone else a decent opportunity in life. You see, Calvin and millions of other victims of this shameless level of corruption and plunder have no voice, and no real ability to look the thieves that are destroying lives and generations of Kenyans in eye and tell them to stop this unbearable pain and the cruelty. This is the reason I embarked on this journey to attempt to expose this shameful situation. Watch the attached video of Calvin’s situation, and I am sure that you will agree that the millions of Calvins in our country need a voice, NO MATTER THE RISK. The thieves that are destroying the futures of millions of children just so they can have beachside homes in Miami, Dubai and other places count on the idea that most people will fear for their lives, and therefore not speak up. They count on the growing apathy in the Kenyan psyche. But we cannot give in to that. We cannot cower to thieves. We must look them straight in the eye and tell them that they MUST STOP. If we don't, our children and their children are guaranteed the same level of cruelty. And so with that, today I want to talk about the utterly insane crime scene that is Turkana County. I don’t know any other way to describe it, other than, it is a “shit-show”. Just follow along, and let me know if you disagree. As I did in my previous commentary, I will ask you to indulge me a little bit, and allow me to use a couple of pictures, because pictures speak louder than a thousand words. The first picture shows the state-of-the art County Government offices, that the County Government of Turkana decided to invest an ungodly amount of money on. Close to a billion shillings. The second picture is a classroom in session. In Turkana County. These two realities are occurring in parallel in the same county, at the same time. Ladies and gentlemen, let me just tell you that I do not go out of my way to find bad news. I want stories that would help re-affirm our belief in the fundamental decency of human beings. When I find good news as I review these Counties’ decisions and how they behave with our resources, I will be the first one to report it to you. But I don’t have any good news today. I have bad news. If you read my commentary yesterday and were offended by what you saw, I am afraid you might not make it to the end of this article, because what you will hear will be quite shocking. The cancer of corruption, particularly at the County Government level, is worse than your wildest imagination. And so, as I like to do, I like to start off by putting some numbers on the table for us to use as reference points. Bear in my that all the information I put in this article is publicly available. Nothing came to me through a whistle blower. The first number is KSH 100 Billion. With a B. In the last decade or so, you and I, through the National Government, has sent over KSH 100 billion to Turkana County. To support recurrent expenditure, and development. For example, in the 2022-2023 fiscal year, we sent KSH 12.6 billion. In the 2021-2022 fiscal year, we sent KSH 11.4 billion. And on and on and on. The second number is 1 million. This is the population of Turkana County. The third number is KSH 18.4 billion. This was Turkana County’s budget for the 2022-2023 fiscal year. The fourth number is KSH 190 million. This was the amount of money that Turkana County was able to generate on its own accord within the county, from all its investments and other activities in the period in question. This number is an important proxy, in my view, for the value of the county’s economic prospects for the foreseeable future, and to people that are not driven by greed and corruption, would be an important consideration when they are thinking about how and where to deploy your money as taxpayers. If you are doing the math, Turkana County, for the 2022-2023 fiscal year, was only able to raise 1% of the funds needed to keep the lights on. 99% came from you and I, and a tiny amount from grants. The next number is KSH 129, 040. This is the average ANNUAL [emphasis added] income of a resident of Turkana County ( Keep that number in mind when we are discussing the massive theft of public funds by Turkana County leaders. The next number is 80%. 80% of the residents of Turkana County live below the poverty line. They have a really difficult time putting food on the table. ( The next number is KSH 12 Million. This is the basic salary of the Governor of Turkana County before other benefits that, as I explained yesterday, can often double the salary. Remember the “housing allowance”, the “hardship allowance”, the “commuter allowance”, the “risk allowance”, the “extraneous allowance”, etc.? Remember that? I still cannot figure out, for the life of me, what “extraneous” means in the context of County business, but we don’t time to dwell on this. The next number is 93. The Governor of Turkana County makes 93 times the average Turkana County resident’s annual income. 93 times! The next number is 82%. This was the percentage of people that were illiterate in Turkana County in 2013 ( Could not read or write. A point to note about the above literacy figure. Ten years later, and despite over KSH 100 billion is spent in Turkana County, including many billions for education, that literacy rate HAS NOT CHANGED ONE BIT. Only 20% of the population can read or write today. ( KSH 829 million. This is how much it cost to build the County Government offices. Yes, the ones shown in the first picture. KSH 120 million. The County Government decided that it was prudent to pay a contractor KSH 120 million to construct the Governor’s personal residence. Get this, even after this payment, no construction took place. The money was stolen. All of it. KSH 90 Million. This is the amount that the County Government paid to another contractor, to build the Governor a mansion, having previously lost KSH 120 million. So, the tally for the Governor’s residence now stands at KSH 210 million. Never mind that the limit allowed by law is KSH 45 million. KSH 5 billion. In the last days of his term in office, an outgoing Governor of Turkana, Koli Nanok, EGH. , sought to inflate pending bills by adding KSH 5 billion so that it can be paid to his criminal cartel. KSH 5 billion. We have our key numbers, ladies and gentlemen, so let us discuss. So, we have a county that is dead last in literacy, and in the top 2 of the poorest counties in the republic. Only 20% of the population can read. The Governor earns 92 times the average citizen. The Governor lives in a house that cost over KSH 200 million. When he leaves his house in the morning, he goes to his office that cost KSH 829 million. And this is all happening when 80% of the County residents struggle to put food on the table. Those are the facts, and they are not in dispute. During the same time, the County Government geniuses decide to build the Speaker of the County Assembly a house. And a home office, and a garage. The house was initially estimated to cost KSH 75 million. But due to circumstances that not a soul in the government could explain to auditors, the contract expired before the house was completed, and the County Government found a new contractor to complete the job for an additional KSH 29 million. But this palace in the jungle worth apparently worth over KSH 100 million in Turkana County was not enough. The County proceeded to build the Speaker a guest house for another KSH 19 million, and a few other amenities, and so the whole cost went to KSH 276 million! The legal limit for a Speaker’s house is KSH 35 million, and they spent close to KSH 130 million just for one residence. By this time, I am sure you are getting tired of these obscene numbers. You and I work, and pay taxes. Nobody pays you 92 times the income your average neighbor is making. And for sure nobody will drop KSH 100 million to build you a house. These are the perks of working in government in a poor country. Go figure. And so, as a country, we need to answer for ourselves the question I posed yesterday, which is, what is the point of government? What is its role in our lives. If this level of criminality and pillaging can occur in our country in the midst of so much poverty, questioning the need for government is a totally valid question. I said in my last post that, when the average citizen looks at the thug on the street and the government, and is unable to discern any meaningful difference between them, that society from that point on is on its journey to becoming a failed state. A journey to anarchy. Over the last two months or so, Kenyans have been shouting at the top of their lungs, begging for their government to listen. To hear them out. Kenyans have asked that their government stop this unbelievable level of plunder. Dozens of Kenyans have died, thousands injured, and many more are missing today. To this day, the people that govern us continue to use the power of the gun to subdue Kenyans, until they can take everything in their sight. And so, as a society, we all have to ask whether today there is any difference between the thug on the street and our governments. Every Kenyan will have to answer this question for themselves. And before answering this question, everyone needs to remember the many Calvins in our society. Smart, upright children whose only crime is to be born in an unforgiving, lawless, and corrupt purgatory that is Kenya today. For myself, I have concluded that there is no difference between the thug on the street and our governments, county and national alike. If you can see any meaningful difference, let me know. I am willing to listen. So despite over KSH 100 billion in money sent to Turkana County, there is almost no measurable improvement in people’s life today. None. And it makes sense, when you look at how that money is spent. I want you to forget for a second the obscene obsession by the County Government with spending ungodly amounts of money on themselves. The houses, etc. If you step back and look at how the government is actually spending the hard-earned money on other things, you will be depressed. I am telling you that I wept three times in the middle of the night trying to make sense of this crazy situation in Turkana County. Three times. I have never imagined that human beings can be so greedy and cold-blooded. Think about this: In the couple of years I reviewed, the County spent around KSH 400 million annually in “tourism” initiatives, including marketing, and apparently upgrading certain facilities. KSH 400 million for tourism. In Turkana County. In 1 year. KSH 400 million per year in marketing and other money pits. The government’s own website says that the county gets around 3000 visitors per month. Around 36,000 per year. That’s them saying that, on their website. Are you curious to know the return on that KSH 400 million investment? I have an answer for you. Remember that I told you that the County has never raised more than KSH 200 million in a year within the county, despite its KSH 18.4 billion budget? Let me walk you through the breakdown of the absolutely embarrassing shit-show that is the County Government’s “own source revenue” operations. In 2022-2023, the County Government collected KSH 190 million locally against their KSH 18.4 billion budget. 1% of the budget. Remember, there is absolutely no requirement on the County to cut costs, or achieve certain local revenue targets today. So they raised KSH 45 million in single business permits, KSH 72 million in CESS, KSH 8 million in market fee, KSH 9 million in “slaughter fees”. And then finally, there is the return on the tourism investment that you were looking for. A whopping KSH 209, 000 in “park fees”. KSH 209,000 in fees, after investing KSH 400 million. And so, take this as an example and extrapolate it across the entire budget, and you can see how one can spend KSH 100 billion and get NOTHING in return. You don’t need to be a genius to see the absurdity of this situation. Let me explain using an example that should illustrate the utter dimwittedness of this situation. Remember the KSH 100 billion sent to Turkana by you and me? Part of this amount is supposed to be for “service delivery”, or “recurrent expenditure”. Usually about 70% of the budget. The balance, 30%, is designed to go to development projects. With that in mind, from KSH 100 billion, the County apparently has made KSH 30 billion worth of investments, right? 30% of the KSH 100 billion. Now, if you employed someone to run a business for you, and they asked you to invest KSH 30 billion, which is no small fortune, at some point you would have to start seeing returns, right? That’s common sense, isn’t it? So, when we look at the revenues streams that make up this paltry sum of KSH 190 million, and see things like “slaughter fees’ and “market fees”, what does it tell you? It tells me there is no real “development” happening in that county. Trust me, if you had real development totaling KSH 30 billion, you would have corporate taxes in the hundreds of millions or billions, a booming real estate market, rising wages and standards of living, etc., low unemployment, etc. You would not have 80% of the people living hand-to mouth, and a County Government that can not afford to support itself for 5 days out of the year that has 365 days! We do not have enough time, trust me, to deal with the shit-show that is Turkana County. Dealing with that mess would require a forensic team. I will just highlight a few of other “in your-face” type of theft of public funds, and then conclude my submission. A government that has a budget of KSH 18.4 billion annually, and which has never raised more than 1% of its budget had the wisdom to do the following with your money: · Spend KSH 222 million on a project building something that NOBODY uses. You got that right. They spent KSH 222 million on a facility that NOBODY uses. KSH 222 million gone to waste, in a county that is dead last in pretty much all measures of human progress. · Remember the County Government offices that cost KSH 829 million? The County spent KSH 82 million on “air-conditioning” for that building. · Despite the County Spending hundreds of millions for the top three officers of the County, the Governor and his Deputy, in the 2022-2023 year, illegally charged the county (you and I) KSH 2.2 million in housing allowance! · Built two facilities for KSH 16 million, that were completed, but NOBODY uses them. · Entered into a contract for the construction of a plastic use facility for KSH 13 million in 2021. The contractor gets paid KSH 4.9 million, and has never been seen since. · Paid out KSH 62 million in salaries that were not supportable in just one year. They could not point to anybody and say, that is who we paid. · Paid out KSH 27 million in legal fees that nobody could say what they related to. And the County’s Legal Advisor, who, in 2022-2023, had a budget of KSH 123 million, apparently did not know anything about it! · Had an outstanding bill at Kenya Revenue Authority in the amount of KSH 486 million, that did not show up on the County Government’s financial statements. Think about that. KSH 486 million owned to the Kenya Revenue Authority, and that liability is not on the financial statements! This only means that someone took those funds for themselves, which is why the liability would be missing from the county’s books. · Could not account for KSH 367 million in expenditures for 2022-2023. KSH 367 million, in unexplained expenses. · Awarded a contract worth over KSH 200 million to a bidder with no bank statement, against the law. This contract was entered into and approved before the statutory time after the bidding process lapsed. Someone was in a hurry to get paid. KSH 200 million, illegally awarded to a bidder who did not have a 6-month bank statement. · Apparently purchased KSH 1.5 billion in assets in 2022-2023, but kept no records of the said assets. For this reason, NOBODY can verify where these assets are located. KSH 1.5 billion. Let me just say this. In my last article, the most common critique was that it was too long. Too many words. I did not intend to make another long article. Trust me when I tell you this, we do not have the time to detail half of the problems in Turkana County. For just 1 year! We do not. Now, you recall my point about how societies descend to madness and anarchy. In our country today, our leaders are accusing those of us who are agitating for honest and transparent governance of being traitors to the country. They call us anarchists, criminals, and merchants of chaos. They are questioning our patriotism. You have all seen the government and its horde of propagandists threatening the Ford Foundation and others because they may have helped civil society keep the lights on, and investigative journalists to have the capacity to continue to do the Lord’s work of investigating criminality in government. As though citizens are so dumb and ignorant, that they cannot see what is going on. The reason why millions of Calvins in this country will never graduate from college and earn a decent living is not because of the Ford Foundation. No. It is because of the thieves we have in office today, like the ones in Turkana County. In this post, I copy our leaders, the President and his deputy. I copy them because I want them to help Kenyans understand the following conundrum, about crime and criminals. There is nothing so special or peculiar about criminals or where they pop up. There are criminals in the US, Canada, France, and other places. Just like we have criminals in Kenya. The difference between banana republics and failed states, and civilized societies, is WHAT we do to and about criminals. In civilized societies, criminals are prosecuted and punished heavily. They are shunned. In some places, those charged with serious crimes such as corruption are executed. These are societies that are committed to sending the message that corruption, which robs citizens of their rights, is not acceptable. And they demonstrate this commitment by heavily punishing those who steal from the most vulnerable in society. In Kenya, we see the opposite. Criminals are exalted. They are promoted and embraced in government. It was just last week that the president unveiled his nominees for his Cabinet. Among them, are the likes of Hassan Ali Joho, EGH. , @GovWOparanya , and Davis Chirchir, ALL people who have been accused or charged with massive corruption against Kenyans. And am sure you remember that I mentioned Koli Nanok, EGH. , the man who tried to steal KSH 5 billion in his last days in office. Would you believe it if I told you that he works in government, at State House? He plunded billions of your money, got no measurable improvement in the lives of his subjects, and now has a government job in State House. Let that sink in. And so, the question is, how is it that in a country of 55 million people, with thousands of highly qualified people who have never ever stolen from Kenyans, he ends up with the criminals and thieves in the government, despite the fact that their crimes are in the public domain? How is this possible? Is it possible that these thieves possess a certain unique ability to run government, save Kenyans billions, and solve problems in a way that the president performs a cost-benefit analysis, and the benefits outweigh the costs of their theft? If not, what message does it send to Kenyans, when their own president puts into office known thieves? I think that is a fair question, don’t you? Dr. Ekuru Aukot Rigathi Gachagua William Samoei Ruto, PhD Okiya Omtatah Okoiti Citizen TV Kenya Nation Breaking News TI-Kenya CNN County Government of Turkana

Bonnie Mwangi, CPA, LLM, MBA

107,519 views • 2 years ago

My graphic illustrates the large number of vacant and derelict properties in Dublin City. It also shows the 4,666 entire houses or apartments currently listed for short-term letting on the Airbnb platform, with a total of 18,649 across Ireland. Landowners owe councils €50 million as 90% of vacant site levies go unpaid. Intended to prevent land hoarding and accelerate housing development, only €138,335 of €9.6 million owed in 2022 was collected. Thirteen of 31 local authorities issued no demands, and of the 18 that did, only four collected any money. Dublin City Council imposed nearly €4.9 million in levies but collected nothing. The prolonged dereliction of properties should be considered social vandalism, a crime against the state and the common good. An effective vacant and derelict tax, coupled with a compulsory sales order, could dissuade landlords from hoarding land, particularly sites that have been vacant and derelict for an extended period. Homelessness in Ireland has reached another new record high, with 14,760 people homeless and relying on emergency accommodation, including 4,561 children from 2,133 families, according to the latest figures released by the Department of Housing. The Housing for All plan, launched by the Irish government in September 2021, is their housing strategy aimed at addressing the country's housing crisis. However, since its implementation, statistics have revealed alarming trends: • Total homelessness increased by 74%, from 8,475 to 14,760. • Homeless adults increased by 66%, from 6,131 to 10,199 . • Homeless children increased by 95%, from 2,344 to 4,561. The 2022 Census shows that the country has 166,752 vacant homes and 66,135 empty holiday homes. Notably, nearly a third of these vacant homes (48,387) have been unoccupied since 2016. Predictably, rent has doubled over the past 13 years and house prices have surged by 55%, marking the fastest growth in any major EU economy. Average rents have soared by 43% compared to pre-Covid levels, with Dublin rents now averaging €2,476. In the capital, a typical three-bed semi-detached home costs €517,333. The average house price in Dublin is rising by €469 per week. To purchase a new home in Dublin priced around €395,000, a first-time buyer typically needs an annual income of at least €77,142 and must also have a minimum deposit of 10%, amounting to around €39,500. This financial barrier helps explain why an estimated 10,600 people left Ireland to live in Australia last year, up from 4,700 the previous year—a staggering 126% increase. This marks the highest level of emigration to Australia since 2013. Currently, vulture funds own 1 in 6 mortgages in the Irish housing market, while cuckoo funds and the State purchase 42% of new homes. This situation has led to a record number of first-time buyers competing for the smallest supply of housing stock in over a decade. Nationally, just over 11,000 homes are available for purchase, a stark contrast to 2012 when 60,000 homes were on the market. A garda and a nurse with a combined salary of €89,000 cannot afford a three-bedroom semi-detached house in greater Dublin. To add to the crisis, the income needed to buy a new home in Dublin is €127,000, which surpasses even a TD's basic salary of €108,987. Consequently, 68% of people in their late 20s still live with their parents, a figure that is nearly 26% higher than the EU average of 42.1%. #Dublin #Ireland #HousingCrisis #DerelictIreland #homeless #Airbnb #GE2024 #HousingForAll #Election24 #RTEPT

My graphic illustrates the large number of vacant and derelict properties in Dublin City. It also shows the 4,666 entire houses or apartments currently listed for short-term letting on the Airbnb platform, with a total of 18,649 across Ireland. Landowners owe councils €50 million as 90% of vacant site levies go unpaid. Intended to prevent land hoarding and accelerate housing development, only €138,335 of €9.6 million owed in 2022 was collected. Thirteen of 31 local authorities issued no demands, and of the 18 that did, only four collected any money. Dublin City Council imposed nearly €4.9 million in levies but collected nothing. The prolonged dereliction of properties should be considered social vandalism, a crime against the state and the common good. An effective vacant and derelict tax, coupled with a compulsory sales order, could dissuade landlords from hoarding land, particularly sites that have been vacant and derelict for an extended period. Homelessness in Ireland has reached another new record high, with 14,760 people homeless and relying on emergency accommodation, including 4,561 children from 2,133 families, according to the latest figures released by the Department of Housing. The Housing for All plan, launched by the Irish government in September 2021, is their housing strategy aimed at addressing the country's housing crisis. However, since its implementation, statistics have revealed alarming trends: • Total homelessness increased by 74%, from 8,475 to 14,760. • Homeless adults increased by 66%, from 6,131 to 10,199 . • Homeless children increased by 95%, from 2,344 to 4,561. The 2022 Census shows that the country has 166,752 vacant homes and 66,135 empty holiday homes. Notably, nearly a third of these vacant homes (48,387) have been unoccupied since 2016. Predictably, rent has doubled over the past 13 years and house prices have surged by 55%, marking the fastest growth in any major EU economy. Average rents have soared by 43% compared to pre-Covid levels, with Dublin rents now averaging €2,476. In the capital, a typical three-bed semi-detached home costs €517,333. The average house price in Dublin is rising by €469 per week. To purchase a new home in Dublin priced around €395,000, a first-time buyer typically needs an annual income of at least €77,142 and must also have a minimum deposit of 10%, amounting to around €39,500. This financial barrier helps explain why an estimated 10,600 people left Ireland to live in Australia last year, up from 4,700 the previous year—a staggering 126% increase. This marks the highest level of emigration to Australia since 2013. Currently, vulture funds own 1 in 6 mortgages in the Irish housing market, while cuckoo funds and the State purchase 42% of new homes. This situation has led to a record number of first-time buyers competing for the smallest supply of housing stock in over a decade. Nationally, just over 11,000 homes are available for purchase, a stark contrast to 2012 when 60,000 homes were on the market. A garda and a nurse with a combined salary of €89,000 cannot afford a three-bedroom semi-detached house in greater Dublin. To add to the crisis, the income needed to buy a new home in Dublin is €127,000, which surpasses even a TD's basic salary of €108,987. Consequently, 68% of people in their late 20s still live with their parents, a figure that is nearly 26% higher than the EU average of 42.1%. #Dublin #Ireland #HousingCrisis #DerelictIreland #homeless #Airbnb #GE2024 #HousingForAll #Election24 #RTEPT

Rob Cross

46,353 views • 1 year ago

**Doris Yin - 3/28/25 International GCV Group Speech** Pioneers, I encourage you to read all my articles to grasp the big picture. It is essential to understand that different phases come with different tasks. I find that many questions arise from a lack of understanding of these phases and tasks. Your primary task is to understand this first and then help your community to understand as well. 1. We have completed the first stage of coinage at GCV, and we have already succeeded! The Pi GCV value of $314,159 has been encoded. This stage focuses on building Pi value within our community through the enclosed mainnet. The blockchain records are critical, as they will determine the value of Pi in code. 2. Now we are entering a new stage: the Open Network. This means we need to expand our reach to the world. We want Pi GCV to be accepted by governments and regulatory bodies, large companies, and a broader audience. That is why we are engaging in the exchange market, which serves as a bridge to implement the GCV code. Do you understand? We at GCV are taking charge of the entire Pi Network community! GCV is the champion 🏆. This is why blockchain records are now less important than the exchange market in this new stage. Our battlefield has shifted from the blockchain to the exchange. The exchange markets are where Pi can be accepted as a stable coin according to the GCV! How do we achieve that? 1. Increase the demand for Pi in the exchange market. 2. Control the supply of Pi in the exchange market. 3. Educate Pioneers not to sell, except to GCV. Currently, Pi CT is also working on this by using domain name auctions to enhance the demand for Pi, especially from external companies. The goal is to attract more businesses to our ecosystem and bring in more users. At present, we have 11 million wallets, which means there are 11 million Pioneers holding Pi wallets. This is a small population, and we aim to become a global currency. However, we face challenges with only 11 million Pioneers. After implementing the codes, the mining speed will drop to 0.1 or lower annually. At that time, the price will be pegged to GCV, making it difficult for most people to afford 0.01. But don’t worry about those who do not have Pi wallets if you buy from exchange market, it is easy for CT to provide this kind of wallet for the ecosystem. You will have auction purpose wallet to HOLD your Pi from exchange soon. How can we further develop if we don't have enough companies and users of Pi? This is why CT needs lower prices in the exchange market to attract companies and people. Do you understand? Utilize the three-month marketing strategy for Pi! After three months, all low-priced Pi can be eliminated. Then we will have the power to set the Pi price in the exchange market, solidifying Pi as a stable coin according to the code! CT is not allowed to interfere with or guide the exchange market. Therefore, we, the Pioneers, must take responsibility for helping to expand Pi usage. If you understand this logic, do you still have doubts? Everything is in the hands of CT and our GCV CT! This is our shared strategy. None of you should be passive. You have a responsibility to help your community build confidence so that you can cooperate and promote the Domain Auction, encouraging others to join Web3 blockchain and use Pi as payment! Any complaints stem from a lack of understanding. If you cannot think things through, be humble enough to learn. All doubt comes from arrogance and ignorance. We are on the verge of conquering the world and establishing Pi as a global currency! But we need all Pioneers unified and working hard. If complaining could resolve your financial problems, we would work diligently to complain. But can it? Of course not! It wastes both your time and ours and hinders our progress. I have muted the group so that you can read this message clearly. If you can’t contribute positively, I encourage you to find a job to earn money for yourself. Please don’t come to the group to spread complaints and negativity. I have my own job and responsibilities, and I will never quit my job. If you have nothing to do and no job, you may become desperate. So please find a job and work on improving yourself. Once you stabilize your own situation, you are welcome to join the group as a volunteer to help others. Only when we clearly see our path can we walk steadily and reach our destination quickly and successfully. Have a wonderful day! ❤️ Doris Yin 🪷🪷🪷 PS: I've been very busy lately with tax season work, so I don't have time to write articles. However, I still participate in some group daily.

Doris Yin - 3/28/25 International GCV Group Speech Pioneers, I encourage you to read all my articles to grasp the big picture. It is essential to understand that different phases come with different tasks. I find that many questions arise from a lack of understanding of these phases and tasks. Your primary task is to understand this first and then help your community to understand as well. 1. We have completed the first stage of coinage at GCV, and we have already succeeded! The Pi GCV value of $314,159 has been encoded. This stage focuses on building Pi value within our community through the enclosed mainnet. The blockchain records are critical, as they will determine the value of Pi in code. 2. Now we are entering a new stage: the Open Network. This means we need to expand our reach to the world. We want Pi GCV to be accepted by governments and regulatory bodies, large companies, and a broader audience. That is why we are engaging in the exchange market, which serves as a bridge to implement the GCV code. Do you understand? We at GCV are taking charge of the entire Pi Network community! GCV is the champion 🏆. This is why blockchain records are now less important than the exchange market in this new stage. Our battlefield has shifted from the blockchain to the exchange. The exchange markets are where Pi can be accepted as a stable coin according to the GCV! How do we achieve that? 1. Increase the demand for Pi in the exchange market. 2. Control the supply of Pi in the exchange market. 3. Educate Pioneers not to sell, except to GCV. Currently, Pi CT is also working on this by using domain name auctions to enhance the demand for Pi, especially from external companies. The goal is to attract more businesses to our ecosystem and bring in more users. At present, we have 11 million wallets, which means there are 11 million Pioneers holding Pi wallets. This is a small population, and we aim to become a global currency. However, we face challenges with only 11 million Pioneers. After implementing the codes, the mining speed will drop to 0.1 or lower annually. At that time, the price will be pegged to GCV, making it difficult for most people to afford 0.01. But don’t worry about those who do not have Pi wallets if you buy from exchange market, it is easy for CT to provide this kind of wallet for the ecosystem. You will have auction purpose wallet to HOLD your Pi from exchange soon. How can we further develop if we don't have enough companies and users of Pi? This is why CT needs lower prices in the exchange market to attract companies and people. Do you understand? Utilize the three-month marketing strategy for Pi! After three months, all low-priced Pi can be eliminated. Then we will have the power to set the Pi price in the exchange market, solidifying Pi as a stable coin according to the code! CT is not allowed to interfere with or guide the exchange market. Therefore, we, the Pioneers, must take responsibility for helping to expand Pi usage. If you understand this logic, do you still have doubts? Everything is in the hands of CT and our GCV CT! This is our shared strategy. None of you should be passive. You have a responsibility to help your community build confidence so that you can cooperate and promote the Domain Auction, encouraging others to join Web3 blockchain and use Pi as payment! Any complaints stem from a lack of understanding. If you cannot think things through, be humble enough to learn. All doubt comes from arrogance and ignorance. We are on the verge of conquering the world and establishing Pi as a global currency! But we need all Pioneers unified and working hard. If complaining could resolve your financial problems, we would work diligently to complain. But can it? Of course not! It wastes both your time and ours and hinders our progress. I have muted the group so that you can read this message clearly. If you can’t contribute positively, I encourage you to find a job to earn money for yourself. Please don’t come to the group to spread complaints and negativity. I have my own job and responsibilities, and I will never quit my job. If you have nothing to do and no job, you may become desperate. So please find a job and work on improving yourself. Once you stabilize your own situation, you are welcome to join the group as a volunteer to help others. Only when we clearly see our path can we walk steadily and reach our destination quickly and successfully. Have a wonderful day! ❤️ Doris Yin 🪷🪷🪷 PS: I've been very busy lately with tax season work, so I don't have time to write articles. However, I still participate in some group daily.

Doris Yin 东方紫莲🪷

20,703 views • 1 year ago

John Major effectively calls Labour and the Conservatives cowards over Brexit - must watch "In an act of collective folly, the United Kingdom voted to leave the European Union" "Across the world our enemies celebrated and our friends despaired" "We left the EU on a minority vote of 37% of the electorate" "After a referendum campaign that was PACKED with misinformation and misjudgement" "It left our country poorer, weaker, and divorced from the richest free trade market that history has ever seen" "National interest brushed aside by false hopes and promises, that even a cabinet dominated by front line Brexit enthusiasts was unable to deliver" "The promises they made, given the opportunity, they were unable to meet" "The gains from Brexit that were promised so confidently, can not be seen to be illusionary" "While the forecast damage of leaving the European Union has become only too apparent" "The nation saw project fear become project reality" "It's no consolation that the majority of the public now overwhelmingly recognises that it was misled" "In their moment of triumph, Brexiters predicted other countries would follow their lead and leave the European Union" "None have" "All saw only too clearly that Brexit was packed with disadvantages" "Far from others leaving the European Union, 9 further nations wish to join the EU" "Which is an apt comment on how the world saw Britain's decision to leave" "The United Kingdom once revelled as a leading member of the European Union with half a billion citizens, and the undoubted first ally of the United States, the world's most eminent superpower" "Today we know we are neither and so does the world" "As we plan for the future we must see ourselves as we now are" "And what we are is 70 million people in a world of 9,000 million" "The UK has a proud history, a wealth of talent, a role in the world that continues to be significant" "So we have much to offer any partner" "Our national assets could make the European Union stronger and better equipped to face the uncertain future that now lingers in front of us" "Our collective future demands a Europe that conducts itself as an economic superpower alongside America and China" "The alternative is to be ever subordinate to the economic whim of America and China - I have no appetite for that" "I know the shortcomings of the European Union, I lived with them for many painful years" "But in a dangerous, uncertain world, with two unpredictable superpowers" "I believe the UK's future is safer and more economically secure, inside a powerful block of neighbour nations, than outside" "There are many barriers to a return to full membership of Europe that will be difficult to overcome" "That said, there are areas we can make a start" "And looking forward the plain truth is, the European Union is too important for the United Kingdom to not be part of its decision making process" "The polls tells us that well over a half of the British electorate now believe it was a mistake to leave the EU" "And less than 1/3 support having done so" "Amongst the young, support for Brexit falls as low as 13%" "That is why it is so disappointing that both government and opposition are so wretchedly timid in their policy ambitions" "Both Labour and Tories are terrified of a residual Brexit vote" "They don't seek to change the minds of those who favour Brexit, by talking about the advantages we have lost and might be able to regain" "They simply hide in a hole and do nothing" "Our economic and political interests, that's not abstract, that's your living standards" "Our economic and political interests could not be clearer, but short term party political calculations is given priority over the national interest" "Brexit is a flop" "It is losing our country £100 billion, not million, £100 billion every year, as well as the tax revenue that would deliver" "Just think about that, every year, every year, the loss of European trade is damaging our finances" "The loss is made greater by some decisions the present Labour government have taken, and that is one reason why we are facing a painful and difficult budget" "Economists agree there will be a cumulative loss to the economy of £311 billion by 2035" "Together with 3 million fewer jobs, and a fall in trade levels with the EU" "As of now its a matter of fact, not conjecture" "Many SMEs have simply been defeated by post Brexit bureaucracy and simply find it no longer profitable to trade with Europe" "It is baffling, baffling, that at a basic minimum labour are not now looking at how to negotiate away such frustrations created by bureaucracy" "New trade deals supposed to cover lost European trade have not done so" "Some are positively damaging, ask the farmers if you disbelieve me" "The much promised mega trade deal swapping American trade with lost European trade promised so frequently and so confidently has never happened, and it shows no sigh of doing so in the future" "We have lost, probably forever, the unique and advantageous deals we had gained in the 1980s and 1990s and I do not believe they cannot be regained" "Without them a full return to the EU is unlikely until a younger generation, pro European politicians come to power, and the Brexiter voice again retreats to the fringes of debate"

John Major effectively calls Labour and the Conservatives cowards over Brexit - must watch "In an act of collective folly, the United Kingdom voted to leave the European Union" "Across the world our enemies celebrated and our friends despaired" "We left the EU on a minority vote of 37% of the electorate" "After a referendum campaign that was PACKED with misinformation and misjudgement" "It left our country poorer, weaker, and divorced from the richest free trade market that history has ever seen" "National interest brushed aside by false hopes and promises, that even a cabinet dominated by front line Brexit enthusiasts was unable to deliver" "The promises they made, given the opportunity, they were unable to meet" "The gains from Brexit that were promised so confidently, can not be seen to be illusionary" "While the forecast damage of leaving the European Union has become only too apparent" "The nation saw project fear become project reality" "It's no consolation that the majority of the public now overwhelmingly recognises that it was misled" "In their moment of triumph, Brexiters predicted other countries would follow their lead and leave the European Union" "None have" "All saw only too clearly that Brexit was packed with disadvantages" "Far from others leaving the European Union, 9 further nations wish to join the EU" "Which is an apt comment on how the world saw Britain's decision to leave" "The United Kingdom once revelled as a leading member of the European Union with half a billion citizens, and the undoubted first ally of the United States, the world's most eminent superpower" "Today we know we are neither and so does the world" "As we plan for the future we must see ourselves as we now are" "And what we are is 70 million people in a world of 9,000 million" "The UK has a proud history, a wealth of talent, a role in the world that continues to be significant" "So we have much to offer any partner" "Our national assets could make the European Union stronger and better equipped to face the uncertain future that now lingers in front of us" "Our collective future demands a Europe that conducts itself as an economic superpower alongside America and China" "The alternative is to be ever subordinate to the economic whim of America and China - I have no appetite for that" "I know the shortcomings of the European Union, I lived with them for many painful years" "But in a dangerous, uncertain world, with two unpredictable superpowers" "I believe the UK's future is safer and more economically secure, inside a powerful block of neighbour nations, than outside" "There are many barriers to a return to full membership of Europe that will be difficult to overcome" "That said, there are areas we can make a start" "And looking forward the plain truth is, the European Union is too important for the United Kingdom to not be part of its decision making process" "The polls tells us that well over a half of the British electorate now believe it was a mistake to leave the EU" "And less than 1/3 support having done so" "Amongst the young, support for Brexit falls as low as 13%" "That is why it is so disappointing that both government and opposition are so wretchedly timid in their policy ambitions" "Both Labour and Tories are terrified of a residual Brexit vote" "They don't seek to change the minds of those who favour Brexit, by talking about the advantages we have lost and might be able to regain" "They simply hide in a hole and do nothing" "Our economic and political interests, that's not abstract, that's your living standards" "Our economic and political interests could not be clearer, but short term party political calculations is given priority over the national interest" "Brexit is a flop" "It is losing our country £100 billion, not million, £100 billion every year, as well as the tax revenue that would deliver" "Just think about that, every year, every year, the loss of European trade is damaging our finances" "The loss is made greater by some decisions the present Labour government have taken, and that is one reason why we are facing a painful and difficult budget" "Economists agree there will be a cumulative loss to the economy of £311 billion by 2035" "Together with 3 million fewer jobs, and a fall in trade levels with the EU" "As of now its a matter of fact, not conjecture" "Many SMEs have simply been defeated by post Brexit bureaucracy and simply find it no longer profitable to trade with Europe" "It is baffling, baffling, that at a basic minimum labour are not now looking at how to negotiate away such frustrations created by bureaucracy" "New trade deals supposed to cover lost European trade have not done so" "Some are positively damaging, ask the farmers if you disbelieve me" "The much promised mega trade deal swapping American trade with lost European trade promised so frequently and so confidently has never happened, and it shows no sigh of doing so in the future" "We have lost, probably forever, the unique and advantageous deals we had gained in the 1980s and 1990s and I do not believe they cannot be regained" "Without them a full return to the EU is unlikely until a younger generation, pro European politicians come to power, and the Brexiter voice again retreats to the fringes of debate"

Farrukh

123,210 views • 8 months ago

Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right. Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16 billion of that. FanDuel pulled $6 billion of the losses. DraftKings pulled $5.3 billion. Every state with legal mobile sports betting collected a tax on the bettor side. New York alone took in over $1.2 billion in 2025 sports betting tax revenue. Layer the lottery on top. State lotteries generate over $90 billion a year. The bottom half of income earners account for roughly 70% of total spend. The average lottery player makes $38,000. A household earning $20,000 spends three times more on tickets than one earning $30,000. The implicit tax rate, meaning whatever the state keeps after prizes, runs 30 to 50% depending on the game. No other revenue source in America has that base and that rate. The structural design is the engine. A single straight sports bet carries a hold of 4 to 5%. A four-leg parlay carries a hold above 30%. FanDuel and DraftKings spent five years rebuilding their apps to make parlays the default product. FanDuel's blended hold rate hit 11.4% in 2025, up from roughly 7% in 2022. The product got worse for the customer and the customer wagered more anyway. Now look at the substitution. Nine US states have no state income tax. Seven of those nine run state lotteries. Seven of those nine have legalized sports betting. The states most committed to never taxing wealth are the same states running the largest extraction machines on people who cannot afford to lose. Read it as policy. Here is what Buffett is actually pointing at. The state needs revenue. It can raise income tax on the top decile, or it can run a lottery plus a sports betting tax. The second option raises the money from the people who can least afford it. The first option becomes politically optional. New York's $1.2 billion in 2025 sports betting tax is $1.2 billion the state did not have to ask of someone earning $5 million. DraftKings and FanDuel sell a privatized collection mechanism for a regressive tax that the state never has to defend at the ballot box again. Voters approve legalization once. Collection runs forever. The state takes a cut. The wealthy get a quieter top bracket. The bettor's cut shrinks every quarter as the parlay menu gets pushed harder. The function of a government, Buffett said, is not to play its people for suckers. Thirty-nine state governments now do.

Warren Buffett, in his first sit-down since stepping down as Berkshire CEO, gave the cleanest indictment of legalized gambling in a decade. He called it a tax cut for the wealthy. The math proves him exactly right. Americans wagered $165 billion at legal sportsbooks in 2025. They lost $16 billion of that. FanDuel pulled $6 billion of the losses. DraftKings pulled $5.3 billion. Every state with legal mobile sports betting collected a tax on the bettor side. New York alone took in over $1.2 billion in 2025 sports betting tax revenue. Layer the lottery on top. State lotteries generate over $90 billion a year. The bottom half of income earners account for roughly 70% of total spend. The average lottery player makes $38,000. A household earning $20,000 spends three times more on tickets than one earning $30,000. The implicit tax rate, meaning whatever the state keeps after prizes, runs 30 to 50% depending on the game. No other revenue source in America has that base and that rate. The structural design is the engine. A single straight sports bet carries a hold of 4 to 5%. A four-leg parlay carries a hold above 30%. FanDuel and DraftKings spent five years rebuilding their apps to make parlays the default product. FanDuel's blended hold rate hit 11.4% in 2025, up from roughly 7% in 2022. The product got worse for the customer and the customer wagered more anyway. Now look at the substitution. Nine US states have no state income tax. Seven of those nine run state lotteries. Seven of those nine have legalized sports betting. The states most committed to never taxing wealth are the same states running the largest extraction machines on people who cannot afford to lose. Read it as policy. Here is what Buffett is actually pointing at. The state needs revenue. It can raise income tax on the top decile, or it can run a lottery plus a sports betting tax. The second option raises the money from the people who can least afford it. The first option becomes politically optional. New York's $1.2 billion in 2025 sports betting tax is $1.2 billion the state did not have to ask of someone earning $5 million. DraftKings and FanDuel sell a privatized collection mechanism for a regressive tax that the state never has to defend at the ballot box again. Voters approve legalization once. Collection runs forever. The state takes a cut. The wealthy get a quieter top bracket. The bettor's cut shrinks every quarter as the parlay menu gets pushed harder. The function of a government, Buffett said, is not to play its people for suckers. Thirty-nine state governments now do.

Aakash Gupta

935,336 views • 3 months ago

"Our budget situation is grim, but it soon may become dire." These are not my words, but the words of our governor from a foreboding press conference he gave today (watch the entire thing, if you can stomach it). We learned that the budget hole created by the Democrats was not 12 billion dollars, as we feared, but a shocking *16* billion dollars. Just for context, California, which many consider the worst run state in the Union, has a budget deficit of 30 billion dollars. But California has a much larger population than Washington. If we adjust for population, our deficit is the equivalent of almost 80 (EIGHTY) billion dollars 😳 Before you let that bleak fact sink in, consider also our state's rainy day fund is less than 10% of our state's budget, a fact the governor bemoaned, stating that "we're one of just four states in the entire country with Reserves at 10% or less of our annual budget" So what happened? Was there a massive emergency that required us to spend the rainy day fund? Have we gone through a deep recession in the last few years that reduced revenues significantly? How is that Florida has no income tax but is able to RETURN 1billion dollars back to the Federal government, yet Washington seems on the edge of collapse if a single federal dollar does not come our way? The answer is simple my friends. Tax revenues have grown consistently in Washington for over a decade. Last budget cycle the state had a budget surplus of 12 billion, and despite piling on more taxes on the residents of Washington, including a business-destroying capital gains tax, the legislature has managed to swing that surplus to one of the largest deficits in the country. "So if revenues continued to increase how on earth do we have such a huge hole?" you are wondering. It's because our Democratic controlled legislature and past governor, spent money like drunken sailors. Any responsible family or business would quickly recognize the recklessness of such spending and cut back to live, or do business, within their means. Instead of doing this, the Washington legislature proposed a series of harebrained new taxes, including an unprecedented wealth tax. Such taxes have been tried many times around the world and have always failed to raise revenue, because the people the tax is intended to loot simply leave. Our governor flatly rejected the budget proposals from both the Democratic House and Democratic Senate and this has already received much attention, with some suggesting that Bob Ferguson is being true to his inaugural speech: he's going to govern from the center as a unifying moderate. The truth is much darker, however. Ferguson only rejected the wealth tax proposals because he did not believe they would survive a legal test. “We cannot rely on a revenue source with a real possibility of being overturned by the courts,” Ferguson said. He did leave open the possibility of a smaller wealth tax that raises no more than $100 million, just to test the legality of the proposal. A trial balloon to see how far Washington Democrats can take their extremist tax policies. What we are witnessing is the complete implosion of good governance in Washington state. The situation may get even worse as Federal funds may be cutoff with our governor deciding an ideological war with the federal government is a more important priority than solving our own state's urgent problems (like 70% of our 8th graders not being proficient in math.) The Democratic party controls the governorship, has a super majority in both houses, and controls the state supreme court, which is packed with far-left judges. The slow-motion catastrophe we are witnessing is entirely on them, and unless the people of Washington wake up and decide they've had enough of extremist policies, we are, as our governor observed, in a very dire situation.

"Our budget situation is grim, but it soon may become dire." These are not my words, but the words of our governor from a foreboding press conference he gave today (watch the entire thing, if you can stomach it). We learned that the budget hole created by the Democrats was not 12 billion dollars, as we feared, but a shocking 16 billion dollars. Just for context, California, which many consider the worst run state in the Union, has a budget deficit of 30 billion dollars. But California has a much larger population than Washington. If we adjust for population, our deficit is the equivalent of almost 80 (EIGHTY) billion dollars 😳 Before you let that bleak fact sink in, consider also our state's rainy day fund is less than 10% of our state's budget, a fact the governor bemoaned, stating that "we're one of just four states in the entire country with Reserves at 10% or less of our annual budget" So what happened? Was there a massive emergency that required us to spend the rainy day fund? Have we gone through a deep recession in the last few years that reduced revenues significantly? How is that Florida has no income tax but is able to RETURN 1billion dollars back to the Federal government, yet Washington seems on the edge of collapse if a single federal dollar does not come our way? The answer is simple my friends. Tax revenues have grown consistently in Washington for over a decade. Last budget cycle the state had a budget surplus of 12 billion, and despite piling on more taxes on the residents of Washington, including a business-destroying capital gains tax, the legislature has managed to swing that surplus to one of the largest deficits in the country. "So if revenues continued to increase how on earth do we have such a huge hole?" you are wondering. It's because our Democratic controlled legislature and past governor, spent money like drunken sailors. Any responsible family or business would quickly recognize the recklessness of such spending and cut back to live, or do business, within their means. Instead of doing this, the Washington legislature proposed a series of harebrained new taxes, including an unprecedented wealth tax. Such taxes have been tried many times around the world and have always failed to raise revenue, because the people the tax is intended to loot simply leave. Our governor flatly rejected the budget proposals from both the Democratic House and Democratic Senate and this has already received much attention, with some suggesting that Bob Ferguson is being true to his inaugural speech: he's going to govern from the center as a unifying moderate. The truth is much darker, however. Ferguson only rejected the wealth tax proposals because he did not believe they would survive a legal test. “We cannot rely on a revenue source with a real possibility of being overturned by the courts,” Ferguson said. He did leave open the possibility of a smaller wealth tax that raises no more than $100 million, just to test the legality of the proposal. A trial balloon to see how far Washington Democrats can take their extremist tax policies. What we are witnessing is the complete implosion of good governance in Washington state. The situation may get even worse as Federal funds may be cutoff with our governor deciding an ideological war with the federal government is a more important priority than solving our own state's urgent problems (like 70% of our 8th graders not being proficient in math.) The Democratic party controls the governorship, has a super majority in both houses, and controls the state supreme court, which is packed with far-left judges. The slow-motion catastrophe we are witnessing is entirely on them, and unless the people of Washington wake up and decide they've had enough of extremist policies, we are, as our governor observed, in a very dire situation.

Vijay

51,471 views • 1 year ago

BREAKING.🚨 Marjorie Taylor Greene Submits Amazing Proposal for Ukraine Aid Bill to Stop America's 'Sick Business Model' "America Last. America Last. That's all this is. Every single day, America Last." Rep. Marjorie Taylor Greene (R-GA) delivered a blistering statement on the House's "America Last" priorities while excoriating the Ukraine aid bill and proposing a sensational amendment. "My amendment today would... take each dollar amount in this act [and it] is hereby reduced to zero. You see, the United States taxpayer has already sent 113 billion dollars to Ukraine, and a lot of that money is unaccounted for." "This is a continuance of a sick business model... The federal government continues to fund the military industrial complex. And this was a business model that requires Congress to continue to vote for money to continue to fund foreign wars." "And this is a business model the American people do not support. They don't support a business model built on blood and murder and war in foreign countries. While this very government does nothing to secure our border." "The American people are over $34 trillion in debt. And the debt is rising by over $40 billion every single night while we all sleep. But yet nothing is done to secure our border or reduce our debt." "Inflation has driven out of control. Americans are suffering every single day. They can hardly afford their grocery bills. They can hardly afford gas in their car. They can hardly afford rent. And now mortgage payments are well over $3,000, where they were only just over $1,700 three years ago." "The youngest generation, young adults don't even think they're going to be able to buy a home in their lifetime. And today in Congress, the most important thing that this body thinks should be done is to send another 61 billion dollars to a war in Ukraine that the American people by 70% do NOT support." "Mind you, this comes on the very heels of Monday being April 15th, tax day, where every single American had to scrounge up their money and send their dollars in to the IRS, or some of them had to file extensions because they weren't ready and didn't have the money to pay their taxes." "But today, this body says the most important thing we can do, no, is not reduce spending. That's not it. Not to do anything to drive down inflation. Oh no, we can't do that for the American people. It's not to secure our own border that is invaded every single day. Every single day by people from over 160 different countries. No, don't secure the American border. Let everyone in. We have over 1.8 million known gotaways. We don't know who these people are." "And yet you have members of this body talking big and tough about, 'oh, we have to defeat Russia. Oh, we have to protect Ukraine.' But yet all of you are unwilling to protect the American citizens that pay your paycheck, pay the light bills in this building, and pay for this entire federal government." "For what? For nothing. Ukraine is not even a member of NATO. Ukraine is not a member of NATO. But the most important thing you hear in Washington DC is, 'oh, we have to spend Americans hard-earned tax dollars over to Ukraine and keep the money going to continue to murder Ukrainians, wipe out an entire generation of Ukrainian men, so that there are widows, there are fatherless orphans, there are not enough men to work in their industries. Oh, but you really support Ukraine? Wow. What kind of support is that? It's repulsive." "Shame on the American government. Shame on the American government. If we support our military, support our military, we should be funding to build up our weapons and ammunition not to send it over to foreign countries to kill foreign peoples." "And if this body was worth what it claims to be what it is, every single one of us would be demanding peace in Ukraine between these countries. Peace for these people, so that no more of them have to die." "But you never hear anybody demanding peace. No, no, no, no. Peace is the last thing Washington wants because it doesn't fit the business model. This is a business model that they say continues our economy, protects American jobs. What a disgusting business model." "We should have a business model that builds up our American companies and American jobs to serve American interest. And our military and our government should care about protecting the national security of the United States of America and the Americans that pay their hard earned tax dollars to fund all of this." "America Last. America Last. That's all this is. Every single day, America Last." 🔥🔥🔥

BREAKING.🚨 Marjorie Taylor Greene Submits Amazing Proposal for Ukraine Aid Bill to Stop America's 'Sick Business Model' "America Last. America Last. That's all this is. Every single day, America Last." Rep. Marjorie Taylor Greene (R-GA) delivered a blistering statement on the House's "America Last" priorities while excoriating the Ukraine aid bill and proposing a sensational amendment. "My amendment today would... take each dollar amount in this act [and it] is hereby reduced to zero. You see, the United States taxpayer has already sent 113 billion dollars to Ukraine, and a lot of that money is unaccounted for." "This is a continuance of a sick business model... The federal government continues to fund the military industrial complex. And this was a business model that requires Congress to continue to vote for money to continue to fund foreign wars." "And this is a business model the American people do not support. They don't support a business model built on blood and murder and war in foreign countries. While this very government does nothing to secure our border." "The American people are over $34 trillion in debt. And the debt is rising by over $40 billion every single night while we all sleep. But yet nothing is done to secure our border or reduce our debt." "Inflation has driven out of control. Americans are suffering every single day. They can hardly afford their grocery bills. They can hardly afford gas in their car. They can hardly afford rent. And now mortgage payments are well over $3,000, where they were only just over $1,700 three years ago." "The youngest generation, young adults don't even think they're going to be able to buy a home in their lifetime. And today in Congress, the most important thing that this body thinks should be done is to send another 61 billion dollars to a war in Ukraine that the American people by 70% do NOT support." "Mind you, this comes on the very heels of Monday being April 15th, tax day, where every single American had to scrounge up their money and send their dollars in to the IRS, or some of them had to file extensions because they weren't ready and didn't have the money to pay their taxes." "But today, this body says the most important thing we can do, no, is not reduce spending. That's not it. Not to do anything to drive down inflation. Oh no, we can't do that for the American people. It's not to secure our own border that is invaded every single day. Every single day by people from over 160 different countries. No, don't secure the American border. Let everyone in. We have over 1.8 million known gotaways. We don't know who these people are." "And yet you have members of this body talking big and tough about, 'oh, we have to defeat Russia. Oh, we have to protect Ukraine.' But yet all of you are unwilling to protect the American citizens that pay your paycheck, pay the light bills in this building, and pay for this entire federal government." "For what? For nothing. Ukraine is not even a member of NATO. Ukraine is not a member of NATO. But the most important thing you hear in Washington DC is, 'oh, we have to spend Americans hard-earned tax dollars over to Ukraine and keep the money going to continue to murder Ukrainians, wipe out an entire generation of Ukrainian men, so that there are widows, there are fatherless orphans, there are not enough men to work in their industries. Oh, but you really support Ukraine? Wow. What kind of support is that? It's repulsive." "Shame on the American government. Shame on the American government. If we support our military, support our military, we should be funding to build up our weapons and ammunition not to send it over to foreign countries to kill foreign peoples." "And if this body was worth what it claims to be what it is, every single one of us would be demanding peace in Ukraine between these countries. Peace for these people, so that no more of them have to die." "But you never hear anybody demanding peace. No, no, no, no. Peace is the last thing Washington wants because it doesn't fit the business model. This is a business model that they say continues our economy, protects American jobs. What a disgusting business model." "We should have a business model that builds up our American companies and American jobs to serve American interest. And our military and our government should care about protecting the national security of the United States of America and the Americans that pay their hard earned tax dollars to fund all of this." "America Last. America Last. That's all this is. Every single day, America Last." 🔥🔥🔥

Kyle Becker

508,563 views • 2 years ago

BREAKING: The biggest investor in the Trump family's crypto company just turned on them publicly. He claims they built a "trap door" into the code to freeze investor money at will. And they just secretly borrowed $75 million against tokens that aren't theirs. Here's the crypto scandal unfolding right now: World Liberty Financial launched in 2024 during Trump's third presidential campaign. Co-founded by Donald Trump Jr., Eric Trump, Barron Trump, and Zach Witkoff, the son of US envoy Steve Witkoff. Donald Trump was listed as "co-founder emeritus." The Trump family company was structured to receive 75% of net revenues from token sales. On Trump's 2025 financial disclosure form, he listed more than $57 million in income from World Liberty alone. By December 2025, the family had booked roughly $1 billion in profits. And held another $3 billion in unsold tokens. Now that empire is cracking open from the inside. One of the first, largest, and loudest investors in the project was Justin Sun. The Tron founder. Chinese-born crypto billionaire. He put in between $30 million and $75 million starting in late 2024. Sat as an advisor. Attended Trump's memecoin gala dinner. Held roughly 545 to 595 million WLFI tokens at peak, worth over $100 million. He was the whale the project pointed to as validation. On April 12, he went to X and publicly torched them. He called World Liberty "a trap masquerading as a door." He accused the project of building hidden controls into its smart contracts. Controls that let the company unilaterally freeze any wallet without notice, without warning, without due process. His own wallet was frozen last September, after he moved $9 million in tokens to a new address. He says he was running routine exchange deposit tests. No buying. No selling. No market impact. The wallet got blacklisted anyway. Hundreds of millions in tokens, locked for months. And according to Sun, the ability to do this was never disclosed to investors before they bought in. "This is the opposite of decentralization," he wrote. He called the Trump family "bad actors." He accused them of treating investors as a "personal ATM." World Liberty's official account fired back within hours. "Does anyone still believe Justin Sun?" "Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct." "We have the contracts. We have the evidence. We have the truth." "See you in court pal." The biggest backer of a Trump family crypto venture. Publicly accusing them of a scam. Being told "see you in court" by the company. In public. On X. But the timing is the part nobody's putting together. In February, blockchain data later reported by CoinDesk showed something that never made it into a press release. World Liberty took out a $75 million loan from a crypto lending platform called Dolomite. The collateral? Five billion WLFI tokens. That's 5% of the entire supply. Borrowed against, quietly, while the same company was blocking regular holders from selling their own tokens. Think about what that means. Investors like Sun were told their tokens were locked. Couldn't be sold. Couldn't be moved. Meanwhile, the company was taking 5 billion of its own tokens and using them as collateral to borrow $75 million in stablecoins. Austin Campbell, a crypto consultant and NYU instructor, told NBC News: "If you took this conduct and translated it to traditional markets, you would have some problems." That is as close as a sober industry voice gets to saying "this is not supposed to be legal." Then on Tuesday, April 15, it escalated again. World Liberty filed a new governance proposal. It would unlock 62.3 billion WLFI tokens that were previously locked with no vesting schedule. Early supporters holding 17 billion tokens would keep all of theirs, with a two-year cliff. Founders, team, advisors, and partners would see 10% of their 45.2 billion tokens burned. The remaining 40.7 billion would unlock over five years. Sun called it a "trap door" the second it hit the forum. He warned that the proposal involves billions of dollars in assets. That it could reshape vesting rights, burn billions of tokens, and shift governance power permanently. All without the minority protections or independent review a public equity would require. His words: "These steps would never pass in traditional markets, where investors expect clear legal rights and due process." Meanwhile the token itself is bleeding. WLFI has lost 74% of its value since August. As of this week, it trades at around 8 cents. Down from a high of 40 cents at launch. But the Trump family has not been hit the way retail investors have. A Wall Street Journal analysis found the Trumps have cashed out at least $1.2 billion in real dollars from World Liberty Financial over the past 16 months. Not paper wealth. Not locked tokens. Actual cash. The separate TRUMP memecoin, launched days before the second inauguration, has crashed roughly 90% from its high. It now trades around $2.81. It was once $45. And there's the foreign money trail. Days before the inauguration, an investor linked to the UAE government paid $500 million to acquire nearly half of World Liberty Financial. A UAE government fund later used $2 billion of World Liberty's USD1 stablecoin to invest in the crypto exchange Binance. Allowing the Trump-linked entity receiving those dollars to hold them in bonds or money market funds and keep the interest. Shortly after, the Trump administration reversed a Biden-era restriction and gave the UAE access to advanced US chips. Binance's founder, Changpeng Zhao, received a presidential pardon despite his prior guilty plea for failing to stop illicit money flows tied to terrorism and trafficking. World Liberty publicly denied any connection between the UAE deal and the chips policy. But the paper trail is a paper trail. And now add this: Justin Sun's own SEC fraud case from 2023, charging him over crypto trades and illicit promotion, was quietly dismissed in March. He paid a $10 million fine. The case disappeared. One of the first investors in a Trump family crypto venture, under SEC fraud charges, had his case dropped months into the new administration. That same investor is now the loudest public critic of the company. Because he believes they built a kill switch into the code to lock him out of his own money. Here's the broader picture: World Liberty Financial holds a stablecoin, USD1, that ranks among the 10 most heavily used in the world. It runs on Binance and Kraken. It settles billions in transactions. The project's governance token, WLFI, has now collapsed in value while the company borrows against its own supply. The biggest institutional backer is calling it a trap. The House Judiciary Committee has published a report accusing the family of running a multi-billion-dollar self-dealing machine. The Committee documented $11.6 billion in Trump family crypto holdings and over $800 million in crypto income in the first half of 2025 alone. Democrats have accused the administration of dismantling the DOJ's National Cryptocurrency Enforcement Team to shield these ventures from exactly this kind of scrutiny. The White House denies any wrongdoing. The Trump Organization has not responded to media requests. World Liberty is threatening its biggest investor with a lawsuit over his public accusations. This is not a crypto story anymore. This is an ownership story. About who owns the tokens. Who owns the code. Who owns the switch that freezes the wallets. And who owns the 75% cut of every dollar that flows through it. Retail investors are holding an 8-cent token down 74% from its high. The biggest whale is publicly accusing the company of a scam. The company just announced it secretly pledged billions of its own tokens as collateral for a $75 million loan. And the founding family has already cashed out $1.2 billion in real money. One of these things is not like the others. The question now is not whether this ends in court. Justin Sun vs. World Liberty is coming. The question is which courtroom. A civil dispute between two crypto parties? Or the first real securities case testing whether a sitting president's family business structure qualifies as a legal enterprise at all? Because "see you in court pal" works both ways. And Sun's lawyers have been waiting for him to give them something to file. He just did.

BREAKING: The biggest investor in the Trump family's crypto company just turned on them publicly. He claims they built a "trap door" into the code to freeze investor money at will. And they just secretly borrowed $75 million against tokens that aren't theirs. Here's the crypto scandal unfolding right now: World Liberty Financial launched in 2024 during Trump's third presidential campaign. Co-founded by Donald Trump Jr., Eric Trump, Barron Trump, and Zach Witkoff, the son of US envoy Steve Witkoff. Donald Trump was listed as "co-founder emeritus." The Trump family company was structured to receive 75% of net revenues from token sales. On Trump's 2025 financial disclosure form, he listed more than $57 million in income from World Liberty alone. By December 2025, the family had booked roughly $1 billion in profits. And held another $3 billion in unsold tokens. Now that empire is cracking open from the inside. One of the first, largest, and loudest investors in the project was Justin Sun. The Tron founder. Chinese-born crypto billionaire. He put in between $30 million and $75 million starting in late 2024. Sat as an advisor. Attended Trump's memecoin gala dinner. Held roughly 545 to 595 million WLFI tokens at peak, worth over $100 million. He was the whale the project pointed to as validation. On April 12, he went to X and publicly torched them. He called World Liberty "a trap masquerading as a door." He accused the project of building hidden controls into its smart contracts. Controls that let the company unilaterally freeze any wallet without notice, without warning, without due process. His own wallet was frozen last September, after he moved $9 million in tokens to a new address. He says he was running routine exchange deposit tests. No buying. No selling. No market impact. The wallet got blacklisted anyway. Hundreds of millions in tokens, locked for months. And according to Sun, the ability to do this was never disclosed to investors before they bought in. "This is the opposite of decentralization," he wrote. He called the Trump family "bad actors." He accused them of treating investors as a "personal ATM." World Liberty's official account fired back within hours. "Does anyone still believe Justin Sun?" "Justin's favorite move is playing the victim while making baseless allegations to cover up his own misconduct." "We have the contracts. We have the evidence. We have the truth." "See you in court pal." The biggest backer of a Trump family crypto venture. Publicly accusing them of a scam. Being told "see you in court" by the company. In public. On X. But the timing is the part nobody's putting together. In February, blockchain data later reported by CoinDesk showed something that never made it into a press release. World Liberty took out a $75 million loan from a crypto lending platform called Dolomite. The collateral? Five billion WLFI tokens. That's 5% of the entire supply. Borrowed against, quietly, while the same company was blocking regular holders from selling their own tokens. Think about what that means. Investors like Sun were told their tokens were locked. Couldn't be sold. Couldn't be moved. Meanwhile, the company was taking 5 billion of its own tokens and using them as collateral to borrow $75 million in stablecoins. Austin Campbell, a crypto consultant and NYU instructor, told NBC News: "If you took this conduct and translated it to traditional markets, you would have some problems." That is as close as a sober industry voice gets to saying "this is not supposed to be legal." Then on Tuesday, April 15, it escalated again. World Liberty filed a new governance proposal. It would unlock 62.3 billion WLFI tokens that were previously locked with no vesting schedule. Early supporters holding 17 billion tokens would keep all of theirs, with a two-year cliff. Founders, team, advisors, and partners would see 10% of their 45.2 billion tokens burned. The remaining 40.7 billion would unlock over five years. Sun called it a "trap door" the second it hit the forum. He warned that the proposal involves billions of dollars in assets. That it could reshape vesting rights, burn billions of tokens, and shift governance power permanently. All without the minority protections or independent review a public equity would require. His words: "These steps would never pass in traditional markets, where investors expect clear legal rights and due process." Meanwhile the token itself is bleeding. WLFI has lost 74% of its value since August. As of this week, it trades at around 8 cents. Down from a high of 40 cents at launch. But the Trump family has not been hit the way retail investors have. A Wall Street Journal analysis found the Trumps have cashed out at least $1.2 billion in real dollars from World Liberty Financial over the past 16 months. Not paper wealth. Not locked tokens. Actual cash. The separate TRUMP memecoin, launched days before the second inauguration, has crashed roughly 90% from its high. It now trades around $2.81. It was once $45. And there's the foreign money trail. Days before the inauguration, an investor linked to the UAE government paid $500 million to acquire nearly half of World Liberty Financial. A UAE government fund later used $2 billion of World Liberty's USD1 stablecoin to invest in the crypto exchange Binance. Allowing the Trump-linked entity receiving those dollars to hold them in bonds or money market funds and keep the interest. Shortly after, the Trump administration reversed a Biden-era restriction and gave the UAE access to advanced US chips. Binance's founder, Changpeng Zhao, received a presidential pardon despite his prior guilty plea for failing to stop illicit money flows tied to terrorism and trafficking. World Liberty publicly denied any connection between the UAE deal and the chips policy. But the paper trail is a paper trail. And now add this: Justin Sun's own SEC fraud case from 2023, charging him over crypto trades and illicit promotion, was quietly dismissed in March. He paid a $10 million fine. The case disappeared. One of the first investors in a Trump family crypto venture, under SEC fraud charges, had his case dropped months into the new administration. That same investor is now the loudest public critic of the company. Because he believes they built a kill switch into the code to lock him out of his own money. Here's the broader picture: World Liberty Financial holds a stablecoin, USD1, that ranks among the 10 most heavily used in the world. It runs on Binance and Kraken. It settles billions in transactions. The project's governance token, WLFI, has now collapsed in value while the company borrows against its own supply. The biggest institutional backer is calling it a trap. The House Judiciary Committee has published a report accusing the family of running a multi-billion-dollar self-dealing machine. The Committee documented $11.6 billion in Trump family crypto holdings and over $800 million in crypto income in the first half of 2025 alone. Democrats have accused the administration of dismantling the DOJ's National Cryptocurrency Enforcement Team to shield these ventures from exactly this kind of scrutiny. The White House denies any wrongdoing. The Trump Organization has not responded to media requests. World Liberty is threatening its biggest investor with a lawsuit over his public accusations. This is not a crypto story anymore. This is an ownership story. About who owns the tokens. Who owns the code. Who owns the switch that freezes the wallets. And who owns the 75% cut of every dollar that flows through it. Retail investors are holding an 8-cent token down 74% from its high. The biggest whale is publicly accusing the company of a scam. The company just announced it secretly pledged billions of its own tokens as collateral for a $75 million loan. And the founding family has already cashed out $1.2 billion in real money. One of these things is not like the others. The question now is not whether this ends in court. Justin Sun vs. World Liberty is coming. The question is which courtroom. A civil dispute between two crypto parties? Or the first real securities case testing whether a sitting president's family business structure qualifies as a legal enterprise at all? Because "see you in court pal" works both ways. And Sun's lawyers have been waiting for him to give them something to file. He just did.

Insider Trackers

79,896 views • 3 months ago

Ignorance is indeed very expensive. This guy who is celebrating Donald Trump clearly does not understand what Donald Trump has done to South Africa, which the guy claims to love. Here are a few things that Donald Trump, whom he is celebrating, has done to South Africa. Donald Trump has threatened South Africa’s trade relationship with the United States and imposed punitive tariff measures on South African exports. He has also publicly and falsely accused South Africa of discriminating against white Afrikaners, falsely promoted damaging claims of a so-called “white genocide”, and runs a racist refugee programme for white South Africans. He portrays South Africa as a country persecuting minorities and has used the White House and international platforms to amplify narratives that South Africa itself says are factually inaccurate. He has linked aid and diplomatic relations to South Africa’s imagined land reform expropriation and attacked South Africa over its case against Israel at the International Court of Justice. His actions have damaged investor confidence through hostile rhetoric, increased diplomatic tensions between Washington and Pretoria, and contributed to the portrayal of South Africa as a country in crisis despite repeated objections from the South African government. The cumulative effect of these actions has been diplomatic strain, economic uncertainty, reputational damage, pressure on trade relations, and the reinforcement of international narratives that sane South Africans know are misleading, politically motivated, and harmful to South Africa’s interests. South Africa has already lost about US$439 million, around R8.5 billion due to Trump’s actions against it. The people who will suffer the most are not politicians or wealthy business owners, but ordinary South Africans. When exports decline and investment falls, companies hire fewer workers, expand less, and cut jobs. The greatest burden will fall on the poor, the unemployed, and young people trying to enter the labour market. The real victims of Donald Trump’s policies towards South Africa are ordinary South Africans. When trade is disrupted, exports fall, investment slows, and businesses become reluctant to expand, it is poor South Africans who suffer the most. The result is fewer jobs, lower economic growth, and less tax revenue to fund public services. In a country already battling high unemployment and poverty, economic punishment ultimately falls hardest on those who can least afford it. At best, this guy speaking is a useful idiot advancing someone else’s agenda without understanding the consequences. At worst, he is politically naive, economically illiterate, and acting against both his own interests and those of his fellow South Africans. Either way, he is cheering a guy harming the very country he claims to love. As I said yesterday, these groups are advancing an agenda that belongs elsewhere and is being funded from somewhere, riding on genuine concerns that have now been hijacked by South Africa’s enemies. Sadly, one cannot understand this in the absence of critical thinking. I never thought that I would live to see the day when a black South African would bootlick an American president who has done so much to harm his country. Ignorance is indeed very expensive. To understand the level of ignorance we are dealing with, this gentleman confidently informed us that the United States has more than 700 million people while arguing about immigration. The actual population of the United States is about 340 million. He overestimated it by more than 360 million people, an error greater than the population of America The irony is that he was trying to lecture others about immigration and population issues while not knowing the population of the very country he was using as an example. If you cannot get a basic demographic fact right, it becomes difficult to take seriously your analysis of immigration, labour markets, economic policy, or population dynamics. This is not a small mistake. Population size is one of the most fundamental facts in any discussion about immigration because it provides the context for understanding the scale of migration and its impact. When someone is wrong by more than 360 million people, they are not simply getting a number wrong. They are demonstrating that they do not understand the subject they are trying to explain, they are just a hammer for someone else. That is why confidence should never be mistaken for knowledge. What he did praising Trump is like a Mozambican, Angolan, Zimbabwean, or Namibian enthusiastically praising the apartheid state for one policy while ignoring that apartheid South Africa spent decades undermining the liberation and development of African countries throughout the region and killing black South Africans. At some point, admiration for a single policy has to be weighed against the totality of the damage caused. The level of ignorance is trying astounding!!

Ignorance is indeed very expensive. This guy who is celebrating Donald Trump clearly does not understand what Donald Trump has done to South Africa, which the guy claims to love. Here are a few things that Donald Trump, whom he is celebrating, has done to South Africa. Donald Trump has threatened South Africa’s trade relationship with the United States and imposed punitive tariff measures on South African exports. He has also publicly and falsely accused South Africa of discriminating against white Afrikaners, falsely promoted damaging claims of a so-called “white genocide”, and runs a racist refugee programme for white South Africans. He portrays South Africa as a country persecuting minorities and has used the White House and international platforms to amplify narratives that South Africa itself says are factually inaccurate. He has linked aid and diplomatic relations to South Africa’s imagined land reform expropriation and attacked South Africa over its case against Israel at the International Court of Justice. His actions have damaged investor confidence through hostile rhetoric, increased diplomatic tensions between Washington and Pretoria, and contributed to the portrayal of South Africa as a country in crisis despite repeated objections from the South African government. The cumulative effect of these actions has been diplomatic strain, economic uncertainty, reputational damage, pressure on trade relations, and the reinforcement of international narratives that sane South Africans know are misleading, politically motivated, and harmful to South Africa’s interests. South Africa has already lost about US$439 million, around R8.5 billion due to Trump’s actions against it. The people who will suffer the most are not politicians or wealthy business owners, but ordinary South Africans. When exports decline and investment falls, companies hire fewer workers, expand less, and cut jobs. The greatest burden will fall on the poor, the unemployed, and young people trying to enter the labour market. The real victims of Donald Trump’s policies towards South Africa are ordinary South Africans. When trade is disrupted, exports fall, investment slows, and businesses become reluctant to expand, it is poor South Africans who suffer the most. The result is fewer jobs, lower economic growth, and less tax revenue to fund public services. In a country already battling high unemployment and poverty, economic punishment ultimately falls hardest on those who can least afford it. At best, this guy speaking is a useful idiot advancing someone else’s agenda without understanding the consequences. At worst, he is politically naive, economically illiterate, and acting against both his own interests and those of his fellow South Africans. Either way, he is cheering a guy harming the very country he claims to love. As I said yesterday, these groups are advancing an agenda that belongs elsewhere and is being funded from somewhere, riding on genuine concerns that have now been hijacked by South Africa’s enemies. Sadly, one cannot understand this in the absence of critical thinking. I never thought that I would live to see the day when a black South African would bootlick an American president who has done so much to harm his country. Ignorance is indeed very expensive. To understand the level of ignorance we are dealing with, this gentleman confidently informed us that the United States has more than 700 million people while arguing about immigration. The actual population of the United States is about 340 million. He overestimated it by more than 360 million people, an error greater than the population of America The irony is that he was trying to lecture others about immigration and population issues while not knowing the population of the very country he was using as an example. If you cannot get a basic demographic fact right, it becomes difficult to take seriously your analysis of immigration, labour markets, economic policy, or population dynamics. This is not a small mistake. Population size is one of the most fundamental facts in any discussion about immigration because it provides the context for understanding the scale of migration and its impact. When someone is wrong by more than 360 million people, they are not simply getting a number wrong. They are demonstrating that they do not understand the subject they are trying to explain, they are just a hammer for someone else. That is why confidence should never be mistaken for knowledge. What he did praising Trump is like a Mozambican, Angolan, Zimbabwean, or Namibian enthusiastically praising the apartheid state for one policy while ignoring that apartheid South Africa spent decades undermining the liberation and development of African countries throughout the region and killing black South Africans. At some point, admiration for a single policy has to be weighed against the totality of the damage caused. The level of ignorance is trying astounding!!

Hopewell Chin’ono

43,550 views • 2 months ago

$AMD $5 Trillion MC Is Inevitable Long Term👑 This thread will focus more on Inference! 2026 EPYC "Venice" $TSM 2nm to save Large GW Scale Inference by 40% more than Prior Turin gen. Context: EPYC Turin achieves ~$0.001 per million tokens for batch inference vs $0.02-$0.12/ million tokens as I wrote the thread below. Venice is going to lower cost down to $0.0005-$0.0006/Million Tokens. OpenAI spent roughly $20B on Inference and Training, where 80-90% of that was for Inference per Analysts. AKA Renting Compute is Expensive AF! In this thread, I want to focus on why most analysts and investors are underestimating the role EPYC "Venice" and future Gen on overall Data center revenue. And $TSM ramping up 2nm supply early is a confirmation that AMD will be a major buyer long term. I will also link the thread the Gap between AMD Analysts & Reality and 2nm Ramp Thread so you have more comprehensive view of what I'm writing here. Before I go into detail this is my 2026 Projection: AI GPUs: $35-$50B EPYC Data Center: $15B-$17B Client Segment: $12-$13B Gaming: $6B Embedded: $4B-$5B Total Revenue $70-$100B Non-GAAP net income $18B-$25B Non-GAAP EPS $10.97-$15.40 Foward P/E 55x-70x= $603-$1,078 AMD's Analysts are projecting $0 Revenue for MI450 and sluggish EPYC Growth. Meaning, all analysts are either full of 💩 or Sexist, you decide! Analysts are also projecting 0% growth on AMD "Secret Weapon" Chip as $MSFT said we are at significant Windows refresh and upgrade cycle. Do you think TSMC would allocate more 2nm supply to $AMD at $0 MI450 revenue and sluggish EPYC? 1. EPYC is going to be the leader in lowest Inference! Current Turin cost saving is 95% vs $NVDA or 98-99% on Inference cost when you factor in renting Inference compute from Amazon Web Services, Microsoft Azure, or $NVDA Neocloud pets. TSMC claimed: 10-15% higher performance at iso-power, 25-30% lower power at iso-speed, and ~15% higher transistor density compared to 3nm. This reduces operational expenses (energy, cooling) while increasing throughput per chip. EPYC Turin achieves ~$0.001 per million tokens for batch inference (via vLLM on models like Llama 3 70B), driven by high core counts and low hardware costs. EPYC Venice offers ~1.7x overall performance and up to 70% more compute capability per core, with up to 256 cores (512 threads). Enhanced vector/AI instructions and open-source firmware (openSIL) optimize for inference workloads. AMD Incorporates AI Engines (now part of AMD's XDNA) for on-chip acceleration, improving efficiency for low-latency and edge inference. This reduces reliance on discrete GPUs, lowering system complexity and TCO. Venice SKUs are projected at $3,000-$15,000 ($5,000 for 256-core flagship), far below NVIDIA Rubin ($50,000-$90,000) or AMD's own MI450 GPUs ($40,000-$50,000). High memory bandwidth (up to 1.6 TB/s) supports efficient batch inference. Venice is designed exactly for Large customers that want to lower Inference Cost and MI450 Helios is for Customers that want Training at lowest TCO, TDP as well as lower Upfront 1GW scale(Full build $35-$40B vs $NVDA $55B-$80B). 2. Real World Example: OpenAI's 2025 inference spend reached ~$20B, escalating to even higher total compute rental (mostly inference) amid token volume growth(from video generating). By 2026, with usage doubling (consistent with industry trends: token demand grows 2-5x YoY), assume OpenAI processes ~1,800 billion million-tokens annually $NVDA Blackwell at $0.02-$0.12 is $36B(most optimized) Rubin is projected to be at $0.01/million tokens or $18B annual Inference Cost vs $AMD Venice $0.0005/million tokens or $0.9B annual Inference Cost => Massive saving for OpenAI or anyone that are paying 80-90% Annual Bill for Inference compute. In short, it is unsustainable to pay this much rent vs owning for all current AI players for the medium to long term. Rubin excels in low-latency decode (if Groq integration from $20B deal in 2027-2028), but Venice dominates batch (80% of inference by 2030). Actual savings depend on deployment scale (OpenAI's 6GW AMD plans), electricity rates, and software maturity. If Rubin only hits $0.03, savings swell to $53.1B vs. $17.1B. 3. Will running Inference on Venice and future Gen slow down response generation in 2026 and beyond? Human perception of "fast enough" for chat, agents, search augmentation, summarization, coding assistance is roughly Meaning, EPYC may generate $100B a year on data center revenue, Hence $MSFT $AMZN $META $GOOGL OpenAI xAI and 42+ Countries are leaning AMD for Inference, because the cost saving is MASSIVE! 4. Regular users (you, me, people using ChatGPT, Claude, Gemini, Grok, Perplexity...) are extremely unlikely to notice any slowdown and in many cases might even experience slightly faster or more consistent response times if the industry heavily shifts toward AMD EPYC for inference. What actually happens when companies save massively on inference? When OpenAI , Anthropic , Gemini , Grok Meta .... save billions on the batch/enterprise/RAG layer using EPYC Venice, they typically do one or more of these things with the savings, none of which make your chat slower but enhancing their bottom line(Profit) ~Keep prices the same → make more profit ~Lower subscription prices / increase free tier limits ~Train bigger & better models more frequently ~Offer longer context windows ~Add more reasoning steps / tool calls / agents per query ~Improve multimodal capabilities ~Build more data centers / reduce throttling during peaks In practice the consumer experience usually gets better, not worse, when inference becomes dramatically cheaper. Prime example is $META leaning AMD heavily or currently AMD largest customer. or Grok 2 to Grok 3 heavily used AMD for Inference saving. And most Grok Users reported Groke responses snappier, not slower. 5. What does this mean for potential Revenue? Noted that TSMC is massively ramping 2nm supply for $AMD both MI450 and EPYC. EPYC Conservative projection: FY2025: $10.5B(best Est) FY2026: $16B FY2027: $29B FY2028: $49B FY2029: $75B FY2030: $100B Large customers: $META OpenAI $MSFT $AMZN $GOOGL xAI (Apple?) Smaller customer: $DELL $HPE $SMCI and 42+ other countries. The roadmap to $5 Trillion is very much inevitable as Inference Cost from Renting or owning $NVDA are too high, but $NVDA will still dominate Training market share, where MI families are likely to take 15-20% market share, but the TAM is also expanding Rapidly. Most Institutions are projecting $2-$3Trillion TAM by 2030. $NVDA said $4 Trillion. Dr. Lisa Su said $1 Trillion+ by 2030. So you decide on how much TAM. If you enjoy this kind of analysis, Slap the Like/Repost and Bookmark to please the X Algo as it is Free.99! If you want to support my work further, consider subscribe to see more in-depth analysis! Alright, that is it. Not Financial Advice!

$AMD $5 Trillion MC Is Inevitable Long Term👑 This thread will focus more on Inference! 2026 EPYC "Venice" $TSM 2nm to save Large GW Scale Inference by 40% more than Prior Turin gen. Context: EPYC Turin achieves ~$0.001 per million tokens for batch inference vs $0.02-$0.12/ million tokens as I wrote the thread below. Venice is going to lower cost down to $0.0005-$0.0006/Million Tokens. OpenAI spent roughly $20B on Inference and Training, where 80-90% of that was for Inference per Analysts. AKA Renting Compute is Expensive AF! In this thread, I want to focus on why most analysts and investors are underestimating the role EPYC "Venice" and future Gen on overall Data center revenue. And $TSM ramping up 2nm supply early is a confirmation that AMD will be a major buyer long term. I will also link the thread the Gap between AMD Analysts & Reality and 2nm Ramp Thread so you have more comprehensive view of what I'm writing here. Before I go into detail this is my 2026 Projection: AI GPUs: $35-$50B EPYC Data Center: $15B-$17B Client Segment: $12-$13B Gaming: $6B Embedded: $4B-$5B Total Revenue $70-$100B Non-GAAP net income $18B-$25B Non-GAAP EPS $10.97-$15.40 Foward P/E 55x-70x= $603-$1,078 AMD's Analysts are projecting $0 Revenue for MI450 and sluggish EPYC Growth. Meaning, all analysts are either full of 💩 or Sexist, you decide! Analysts are also projecting 0% growth on AMD "Secret Weapon" Chip as $MSFT said we are at significant Windows refresh and upgrade cycle. Do you think TSMC would allocate more 2nm supply to $AMD at $0 MI450 revenue and sluggish EPYC? 1. EPYC is going to be the leader in lowest Inference! Current Turin cost saving is 95% vs $NVDA or 98-99% on Inference cost when you factor in renting Inference compute from Amazon Web Services, Microsoft Azure, or $NVDA Neocloud pets. TSMC claimed: 10-15% higher performance at iso-power, 25-30% lower power at iso-speed, and ~15% higher transistor density compared to 3nm. This reduces operational expenses (energy, cooling) while increasing throughput per chip. EPYC Turin achieves ~$0.001 per million tokens for batch inference (via vLLM on models like Llama 3 70B), driven by high core counts and low hardware costs. EPYC Venice offers ~1.7x overall performance and up to 70% more compute capability per core, with up to 256 cores (512 threads). Enhanced vector/AI instructions and open-source firmware (openSIL) optimize for inference workloads. AMD Incorporates AI Engines (now part of AMD's XDNA) for on-chip acceleration, improving efficiency for low-latency and edge inference. This reduces reliance on discrete GPUs, lowering system complexity and TCO. Venice SKUs are projected at $3,000-$15,000 ($5,000 for 256-core flagship), far below NVIDIA Rubin ($50,000-$90,000) or AMD's own MI450 GPUs ($40,000-$50,000). High memory bandwidth (up to 1.6 TB/s) supports efficient batch inference. Venice is designed exactly for Large customers that want to lower Inference Cost and MI450 Helios is for Customers that want Training at lowest TCO, TDP as well as lower Upfront 1GW scale(Full build $35-$40B vs $NVDA $55B-$80B). 2. Real World Example: OpenAI's 2025 inference spend reached ~$20B, escalating to even higher total compute rental (mostly inference) amid token volume growth(from video generating). By 2026, with usage doubling (consistent with industry trends: token demand grows 2-5x YoY), assume OpenAI processes ~1,800 billion million-tokens annually $NVDA Blackwell at $0.02-$0.12 is $36B(most optimized) Rubin is projected to be at $0.01/million tokens or $18B annual Inference Cost vs $AMD Venice $0.0005/million tokens or $0.9B annual Inference Cost => Massive saving for OpenAI or anyone that are paying 80-90% Annual Bill for Inference compute. In short, it is unsustainable to pay this much rent vs owning for all current AI players for the medium to long term. Rubin excels in low-latency decode (if Groq integration from $20B deal in 2027-2028), but Venice dominates batch (80% of inference by 2030). Actual savings depend on deployment scale (OpenAI's 6GW AMD plans), electricity rates, and software maturity. If Rubin only hits $0.03, savings swell to $53.1B vs. $17.1B. 3. Will running Inference on Venice and future Gen slow down response generation in 2026 and beyond? Human perception of "fast enough" for chat, agents, search augmentation, summarization, coding assistance is roughly Meaning, EPYC may generate $100B a year on data center revenue, Hence $MSFT $AMZN $META $GOOGL OpenAI xAI and 42+ Countries are leaning AMD for Inference, because the cost saving is MASSIVE! 4. Regular users (you, me, people using ChatGPT, Claude, Gemini, Grok, Perplexity...) are extremely unlikely to notice any slowdown and in many cases might even experience slightly faster or more consistent response times if the industry heavily shifts toward AMD EPYC for inference. What actually happens when companies save massively on inference? When OpenAI , Anthropic , Gemini , Grok Meta .... save billions on the batch/enterprise/RAG layer using EPYC Venice, they typically do one or more of these things with the savings, none of which make your chat slower but enhancing their bottom line(Profit) ~Keep prices the same → make more profit ~Lower subscription prices / increase free tier limits ~Train bigger & better models more frequently ~Offer longer context windows ~Add more reasoning steps / tool calls / agents per query ~Improve multimodal capabilities ~Build more data centers / reduce throttling during peaks In practice the consumer experience usually gets better, not worse, when inference becomes dramatically cheaper. Prime example is $META leaning AMD heavily or currently AMD largest customer. or Grok 2 to Grok 3 heavily used AMD for Inference saving. And most Grok Users reported Groke responses snappier, not slower. 5. What does this mean for potential Revenue? Noted that TSMC is massively ramping 2nm supply for $AMD both MI450 and EPYC. EPYC Conservative projection: FY2025: $10.5B(best Est) FY2026: $16B FY2027: $29B FY2028: $49B FY2029: $75B FY2030: $100B Large customers: $META OpenAI $MSFT $AMZN $GOOGL xAI (Apple?) Smaller customer: $DELL $HPE $SMCI and 42+ other countries. The roadmap to $5 Trillion is very much inevitable as Inference Cost from Renting or owning $NVDA are too high, but $NVDA will still dominate Training market share, where MI families are likely to take 15-20% market share, but the TAM is also expanding Rapidly. Most Institutions are projecting $2-$3Trillion TAM by 2030. $NVDA said $4 Trillion. Dr. Lisa Su said $1 Trillion+ by 2030. So you decide on how much TAM. If you enjoy this kind of analysis, Slap the Like/Repost and Bookmark to please the X Algo as it is Free.99! If you want to support my work further, consider subscribe to see more in-depth analysis! Alright, that is it. Not Financial Advice!

Mike

102,223 views • 7 months ago

This will be a long read, but I truly hope it inspires someone. I only wish I had kept more memories honestly… Today marks one year since I moved into my own home after squatting with a family friend for two years. That period remains one of the greatest favors I have ever received in my life. They didn’t take me in as a stranger they welcomed me as a daughter, treated me as one, and even now, here in Abuja, they are my family. Today, I live in a solid two-bedroom flat in Abuja, fully furnished to my taste. I’m living a life I once only prayed for, eating well, living well all courtesy of design and Web3. This same skill once earned me ₦2,000… ₦5,000. I can never forget messaging almost every contact on my WhatsApp, begging them to let me design for free. I went from business to business around my school area, offering free designs. I even designed my school handbook for free just to put myself out there. With this same skill, I met people I once admired from afar. I was willing to design for free just to earn a tag, a shout-out, and the visibility I desperately needed. There were times I slept in school just to use the school Wi-Fi to watch YouTube tutorials, especially from Mez Graphics. Sleeping in school became a lifestyle and it came at a cost. My health suffered deeply. I went through serious health crises because I couldn’t afford medication. Home was tough. Really tough. While others slept like humans, for four years in school I averaged two hours of sleep daily, juggling academics and survival. My health paid the price. I developed growths in both eyes that now require surgery, and my eyesight deteriorated so badly that I can’t function without my glasses. Yet today, this same skill has elevated my family. From living in a single room with five kids in a rented apartment, to my mum bring a landlord. A woman who used to fall sick frequently now lives healthier, eats whatever she wants, and glows differently. Poverty truly stinks but grace changed our story. The store she owns today? Courtesy of this skill and Web3. Every property I own my store, my home, everything came through design and Web3. This same skill funds my lifestyle. This same skill, backed by God, has elevated me beyond words. I could go on and on… This is me telling someone inspiring someone not to give up on that skill you have, no matter what it is, especially as a creative. I slept on YouTube for years because I couldn’t afford to pay for a single course. I used that knowledge to design for free sometimes for one, two, even three years just to build visibility. Today, I invest as much as ₦2 million yearly into learning., i invest heavily ngl If all you can afford right now is YouTube, be diligent with it. Mez Graphics and Caesar played huge roles in my journey, and I truly hope they see this. I am 100% grateful to them. In a nutshell: don’t give up on your skill. Keep refining it. Keep studying. Keep aspiring to be part of the top 1%. See you at the top If you read this far, thank you so much for reading 🫂

This will be a long read, but I truly hope it inspires someone. I only wish I had kept more memories honestly… Today marks one year since I moved into my own home after squatting with a family friend for two years. That period remains one of the greatest favors I have ever received in my life. They didn’t take me in as a stranger they welcomed me as a daughter, treated me as one, and even now, here in Abuja, they are my family. Today, I live in a solid two-bedroom flat in Abuja, fully furnished to my taste. I’m living a life I once only prayed for, eating well, living well all courtesy of design and Web3. This same skill once earned me ₦2,000… ₦5,000. I can never forget messaging almost every contact on my WhatsApp, begging them to let me design for free. I went from business to business around my school area, offering free designs. I even designed my school handbook for free just to put myself out there. With this same skill, I met people I once admired from afar. I was willing to design for free just to earn a tag, a shout-out, and the visibility I desperately needed. There were times I slept in school just to use the school Wi-Fi to watch YouTube tutorials, especially from Mez Graphics. Sleeping in school became a lifestyle and it came at a cost. My health suffered deeply. I went through serious health crises because I couldn’t afford medication. Home was tough. Really tough. While others slept like humans, for four years in school I averaged two hours of sleep daily, juggling academics and survival. My health paid the price. I developed growths in both eyes that now require surgery, and my eyesight deteriorated so badly that I can’t function without my glasses. Yet today, this same skill has elevated my family. From living in a single room with five kids in a rented apartment, to my mum bring a landlord. A woman who used to fall sick frequently now lives healthier, eats whatever she wants, and glows differently. Poverty truly stinks but grace changed our story. The store she owns today? Courtesy of this skill and Web3. Every property I own my store, my home, everything came through design and Web3. This same skill funds my lifestyle. This same skill, backed by God, has elevated me beyond words. I could go on and on… This is me telling someone inspiring someone not to give up on that skill you have, no matter what it is, especially as a creative. I slept on YouTube for years because I couldn’t afford to pay for a single course. I used that knowledge to design for free sometimes for one, two, even three years just to build visibility. Today, I invest as much as ₦2 million yearly into learning., i invest heavily ngl If all you can afford right now is YouTube, be diligent with it. Mez Graphics and Caesar played huge roles in my journey, and I truly hope they see this. I am 100% grateful to them. In a nutshell: don’t give up on your skill. Keep refining it. Keep studying. Keep aspiring to be part of the top 1%. See you at the top If you read this far, thank you so much for reading 🫂

OLOBA THE ARTIST🐂🀄️

26,735 views • 6 months ago

What is my view on Trump’s executive order pulling America out of the World Health Organisation? President Donald Trump also signed an executive order temporarily suspending all American foreign assistance programs for 90 days, pending reviews to determine whether they align with his policy goals. America provides an average of US$50 billion annually to foreign aid programmes. This means there will NOT be any new financial aid coming from America to anywhere in the world for the next three months, but in this post, I will focus on America’s withdrawal from the WHO, and will talk about about the global impact of the temporary AID ban in days to come when there is enough clarity on the effect of the ban. America is the biggest economy in the world, or possibly the second largest after China, so its contribution to the WHO, though significant, is not irreplaceable. Its contribution amounts to an average of US$120 million annually in the past ten years. That equates to roughly 1.3 tonnes of gold, a resource that Africa has in abundance. Trump’s decision does not prevent other countries from stepping in to fill the gap left by America’s withdrawal. It is not as though the US was solving a problem no other nation could address. From Africa to Europe to Asia and the Americas, others are capable of taking responsibility too and fill in the void left by America. The real danger, however, lies in the possibility that irresponsible and corrupt leaders may fail to step up and address and fund critical issues, such as the fight against HIV and AIDS. If such leadership fails, the world—including America—could face a resurgence of new infections like HIV, undoing years of progress. This would be a massive tragedy for America as well, it won’t be able to insulate itself from resurgent infections short of sealing its borders which it can’t. In today’s highly mobile world, it is impossible to isolate one country from the consequences of a global health crisis. HIV has been controlled through antiretroviral medication, which prevents HIV carriers from infecting others. If access to these medications is disrupted, everyone, including Americans, would be at risk. This could even force the US to return to old practices such as requiring HIV status disclosure before issuing visas to enter and live in America. This can’t be done with short term tourist and business visas, so even those coming in for a short period for a conference or meeting could carry the virus after unknowingly getting infected in many ways, and they can infect someone in America during their short stay. Africa’s annual antiretroviral medication bill is around US$2.8 billion, it is funded partly by America and other countries and agencies who might rethink their participation in the WHO too, there are many global leaders who emulate Trump like Argentina's Javier Gerardo Milei, Italy's Prime Minister Giorgia Meloni, and Hungary's Viktor Orbán. If leaders like Argentina’s Javier Milei, Italy’s Giorgia Meloni, and Hungary’s Viktor Orbán follow Trump’s lead and withdraw from the WHO, this would be a serious blow to global health efforts. However, if the US$2.8 billion antiretroviral bill for Africa is divided across 54 African countries, this amounts to only US$51.8 million per country annually—equivalent to approximately 595 kilograms of gold per nation. Unfortunately, Africa is riddled by corrupt and heartless leaders who rob and loot from their people and seek medical assistance outside the continent using taxpayers money. While it is logically possible for African nations to fund their own HIV treatment programmes and infectious diseases control, these leaders’ greed often leaves their populations to suffer needlessly. Another downside of America’s withdrawal is the loss of its technical medical expertise. As the executive order for withdrawal from the WHO outlines, American personnel working with the WHO will be withdrawn within 12 months from today. The US is a global leader in science and technology, and the loss of its knowledge and contributions will be felt worldwide especially by the poor in the Global South. This situation could, however, provide an opportunity for countries like China to step into the leadership vacuum left by America. Nature doesn’t like a vacuum, but Africa, lacking the required technological expertise and plagued by poor governance, is unlikely to fill this gap although it can and should fill it. It is easier for Africa’s middle class to applaud Donald Trump for this move, but it is the poor, who have no voice, who will suffer the most because they lack the means and ability to remove corrupt governments. One child was dying every fifteen minutes from HIV and AIDS in Zimbabwe only 15 years ago until the world intervened. This could become the reality once again unless Africans take action to force their governments to act responsibly for once! So while Trump’s withdrawal from the WHO poses challenges, it also highlights the need for Africa to reassess its priorities and build resilient healthcare systems. Addressing corruption and poor governance is vital and an urgent matter for Africa, but this must be coupled with actionable solutions such as regional health funds, stricter accountability for public health spending, and partnerships with international organisations that prioritise transparency. Countries like Botswana, with its effective HIV programmes, demonstrate that progress is possible even in resource limited circumstances if a country has the right leadership, but for that to happen, you need a different type of mindset and less corruption on the continent. Collaboration between governments, private sector, and civil society can also ensure that health crises like HIV/AIDS are addressed sustainably, and by taking responsibility for their own health systems, African nations can reduce their heavy reliance on external aid and ensure better healthcare outcomes for their populations. America First as a doctrine provides a generational opportunity to lessen America’s global influence and create multilateral platforms where world leaders can genuinely provide solutions for their people! This is an opportunity for groups like BRICS to step up and plug the funding deficit, otherwise, failure to do so will expose them as nothing more than paper tigers that rely on American financial benevolence while bellowing empty slogans! So ultimately, the issue is no longer about America’s withdrawal, it is about the world’s willingness to take full responsibility, with each country prioritising the national interest of saving lives before the looting of public funds. The world has enough to go around, what it only lacks are empathetic leaders who put the health of their people ahead of their personal pockets. Trump will be a four-year global phenomenon, so the world must make a plan instead of mourning about what many in the global health fraternity have labelled a reckless and populist decision that, in the long term, won’t benefit America much! Those who support America’s withdrawal from the WHO should note that it is not just about money, but also about American medical expertise, technology transfer from the US, providing global leadership during pandemics, and having a united world when tackling healthcare disasters like COVID-19, HIV/AIDS, and Ebola. Lastly, if poor African countries run by greedy, corrupt dictators end up with shortages of antiretroviral medicines, countries like South Africa, Namibia, and Botswana, which have well-run programmes, would end up carrying the burden of cross-border health tourism. Trump’s shakeup requires leadership interventions like never required before, are African leaders ready to provide that leadership?

What is my view on Trump’s executive order pulling America out of the World Health Organisation? President Donald Trump also signed an executive order temporarily suspending all American foreign assistance programs for 90 days, pending reviews to determine whether they align with his policy goals. America provides an average of US$50 billion annually to foreign aid programmes. This means there will NOT be any new financial aid coming from America to anywhere in the world for the next three months, but in this post, I will focus on America’s withdrawal from the WHO, and will talk about about the global impact of the temporary AID ban in days to come when there is enough clarity on the effect of the ban. America is the biggest economy in the world, or possibly the second largest after China, so its contribution to the WHO, though significant, is not irreplaceable. Its contribution amounts to an average of US$120 million annually in the past ten years. That equates to roughly 1.3 tonnes of gold, a resource that Africa has in abundance. Trump’s decision does not prevent other countries from stepping in to fill the gap left by America’s withdrawal. It is not as though the US was solving a problem no other nation could address. From Africa to Europe to Asia and the Americas, others are capable of taking responsibility too and fill in the void left by America. The real danger, however, lies in the possibility that irresponsible and corrupt leaders may fail to step up and address and fund critical issues, such as the fight against HIV and AIDS. If such leadership fails, the world—including America—could face a resurgence of new infections like HIV, undoing years of progress. This would be a massive tragedy for America as well, it won’t be able to insulate itself from resurgent infections short of sealing its borders which it can’t. In today’s highly mobile world, it is impossible to isolate one country from the consequences of a global health crisis. HIV has been controlled through antiretroviral medication, which prevents HIV carriers from infecting others. If access to these medications is disrupted, everyone, including Americans, would be at risk. This could even force the US to return to old practices such as requiring HIV status disclosure before issuing visas to enter and live in America. This can’t be done with short term tourist and business visas, so even those coming in for a short period for a conference or meeting could carry the virus after unknowingly getting infected in many ways, and they can infect someone in America during their short stay. Africa’s annual antiretroviral medication bill is around US$2.8 billion, it is funded partly by America and other countries and agencies who might rethink their participation in the WHO too, there are many global leaders who emulate Trump like Argentina's Javier Gerardo Milei, Italy's Prime Minister Giorgia Meloni, and Hungary's Viktor Orbán. If leaders like Argentina’s Javier Milei, Italy’s Giorgia Meloni, and Hungary’s Viktor Orbán follow Trump’s lead and withdraw from the WHO, this would be a serious blow to global health efforts. However, if the US$2.8 billion antiretroviral bill for Africa is divided across 54 African countries, this amounts to only US$51.8 million per country annually—equivalent to approximately 595 kilograms of gold per nation. Unfortunately, Africa is riddled by corrupt and heartless leaders who rob and loot from their people and seek medical assistance outside the continent using taxpayers money. While it is logically possible for African nations to fund their own HIV treatment programmes and infectious diseases control, these leaders’ greed often leaves their populations to suffer needlessly. Another downside of America’s withdrawal is the loss of its technical medical expertise. As the executive order for withdrawal from the WHO outlines, American personnel working with the WHO will be withdrawn within 12 months from today. The US is a global leader in science and technology, and the loss of its knowledge and contributions will be felt worldwide especially by the poor in the Global South. This situation could, however, provide an opportunity for countries like China to step into the leadership vacuum left by America. Nature doesn’t like a vacuum, but Africa, lacking the required technological expertise and plagued by poor governance, is unlikely to fill this gap although it can and should fill it. It is easier for Africa’s middle class to applaud Donald Trump for this move, but it is the poor, who have no voice, who will suffer the most because they lack the means and ability to remove corrupt governments. One child was dying every fifteen minutes from HIV and AIDS in Zimbabwe only 15 years ago until the world intervened. This could become the reality once again unless Africans take action to force their governments to act responsibly for once! So while Trump’s withdrawal from the WHO poses challenges, it also highlights the need for Africa to reassess its priorities and build resilient healthcare systems. Addressing corruption and poor governance is vital and an urgent matter for Africa, but this must be coupled with actionable solutions such as regional health funds, stricter accountability for public health spending, and partnerships with international organisations that prioritise transparency. Countries like Botswana, with its effective HIV programmes, demonstrate that progress is possible even in resource limited circumstances if a country has the right leadership, but for that to happen, you need a different type of mindset and less corruption on the continent. Collaboration between governments, private sector, and civil society can also ensure that health crises like HIV/AIDS are addressed sustainably, and by taking responsibility for their own health systems, African nations can reduce their heavy reliance on external aid and ensure better healthcare outcomes for their populations. America First as a doctrine provides a generational opportunity to lessen America’s global influence and create multilateral platforms where world leaders can genuinely provide solutions for their people! This is an opportunity for groups like BRICS to step up and plug the funding deficit, otherwise, failure to do so will expose them as nothing more than paper tigers that rely on American financial benevolence while bellowing empty slogans! So ultimately, the issue is no longer about America’s withdrawal, it is about the world’s willingness to take full responsibility, with each country prioritising the national interest of saving lives before the looting of public funds. The world has enough to go around, what it only lacks are empathetic leaders who put the health of their people ahead of their personal pockets. Trump will be a four-year global phenomenon, so the world must make a plan instead of mourning about what many in the global health fraternity have labelled a reckless and populist decision that, in the long term, won’t benefit America much! Those who support America’s withdrawal from the WHO should note that it is not just about money, but also about American medical expertise, technology transfer from the US, providing global leadership during pandemics, and having a united world when tackling healthcare disasters like COVID-19, HIV/AIDS, and Ebola. Lastly, if poor African countries run by greedy, corrupt dictators end up with shortages of antiretroviral medicines, countries like South Africa, Namibia, and Botswana, which have well-run programmes, would end up carrying the burden of cross-border health tourism. Trump’s shakeup requires leadership interventions like never required before, are African leaders ready to provide that leadership?

Hopewell Chin’ono

43,726 views • 1 year ago

Заместитель главы Казначейства России Александр Суконкин, как выяснили ВЧК-ОГПУ и проживает лучшую жизнь. Сам он по декларации «нищеброд», даже квартиры своей нет. Просил субсидию у государства на то, чтобы было хоть какое-то жилье. Зато его дети, в том числе несовершеннолетние, стали за последние годы владельцами недвижимости, стоимостью более 1 млн долл. Рост благосостояния детей Суконкина совпал с тем, как он стал курировать все строительные работы в казначействе. Суконкин успел поработать в казначействах Брянской области и Мордовии, пока его не приметил Михаил Мишустин. Последний в 2020 году был назначен премьером, а через год он вытянул в Москву Суконкина. Что уж их связывает, история умалчивает. Суконкин в марте получил должность директора Федерального казенного учреждения «Центр по обеспечению деятельности Казначейства России». На этом посту он стал контролировать расходование более 1,5 млрд рублей, выделенных на капитальный ремонт объектов ведомства. В 2024 году Суконкин за "успешную работу" пошлел на повышение и был назначен Мишустиным заместителем руководителя Федерального казначейства. По декларации, Суконкин один из самых бедных чиновников. Из открытых данных, совокупный годовой доход до удержания налогов у скромного чиновника не превышал 1 млн. руб. за год и только в 2019 – 2020 году он составлял около 2 млн. руб. за год. Даже жить в Москве бедолаге негде. После перевода в столицу из государственного фонда Александру Суконкину выделена служебная квартира для комфортного проживания и работы, а в конце 2024 года из-за отсутствия собственного жилья на территории города Москвы, как малоимущему, из федерального бюджета безвозмездно предоставлена единовременная субсидия на приобретение жилья в размере, превышающем 20 млн. руб. Как выяснил наш проект, гораздо лучше ситуацию с квартирным вопросом у детей Суконкина. В 2021 году, спустя месяц после назначения в Московский центр и получения доступа к строительным деньгам, Александр Суконкин регистрирует на свою несовершеннолетнюю дочь Марину (на тот момент ей было 15 лет) квартиру премиум класса площадью 78,4 кв.м. в ЖК «Xeadliner» (Шмитовский проезд, 39, корп. 2) c видами на Москва Сити. А в феврале 2024 года, уже после получения повышения, на имя сына чиновника Кирилла была оформлена квартира в премиальном жилом комплексе Hide, (1-й Сетуньский проезд). Ее общая площадь составила 96,1 кв.м. Стоимость двух квартир превышает 1 млн долл. Вот такие успешные дети у скромного и бедного чиновника. Deputy Head of the Russian Treasury, Alexander Sukonkin, is living the best life, according to VChK-OGPU and He declares himself a "pauper" and doesn't even own an apartment. He requests a state subsidy to afford some kind of housing. However, his children, including minors, have become owners of real estate worth over $1 million in recent years. The rise in Sukonkin's children's wealth coincided with his assumption of oversight of all construction work at the treasury. Sukonkin worked in the treasuries of the Bryansk Region and Mordovia before Prime Minister Mikhail Mishustin took notice. Mishustin was appointed prime minister in 2020, and a year later, he brought Sukonkin to Moscow. History remains silent on their connection. In March, Sukonkin was appointed director of the Federal State Institution "Center for Support of the Activities of the Russian Treasury." In this position, he oversaw the spending of over 1.5 billion rubles allocated for major repairs of department facilities. In 2024, Sukonkin was promoted for his successful work and appointed Deputy Head of the Federal Treasury by Mishustin. According to his income declaration, Sukonkin is one of the poorest officials. Publicly available data shows that this modest official's total annual income before taxes did not exceed 1 million rubles per year, and in 2019-2020 alone, it was around 2 million rubles per year. The poor fellow doesn't even have a place to live in Moscow. After his transfer to the capital, Alexander Sukonkin was provided with a company apartment from the state fund for comfortable living and work. At the end of 2024, due to the lack of his own housing in Moscow, as a low-income person, he received a one-time housing subsidy from the federal budget in excess of 20 million rubles. As our project discovered, Sukonkin's children are in a much better housing situation. In 2021, a month after his appointment to the Moscow Center and gaining access to construction funds, Alexander Sukonkin registered a premium-class apartment of 78.4 square meters in the Xeadliner residential complex (39 Shmitovsky Proezd, Bldg. 2) with views of Moscow City in the name of his minor daughter Marina (she was 15 at the time). And in February 2024, after receiving his promotion, an apartment in the premium Hide residential complex (1st Setunsky Proezd) was registered in the name of his son Kirill. Its total area is 96.1 square meters. The value of the two apartments exceeds $1 million. Such are the successful children of a modest and impoverished official.

Заместитель главы Казначейства России Александр Суконкин, как выяснили ВЧК-ОГПУ и проживает лучшую жизнь. Сам он по декларации «нищеброд», даже квартиры своей нет. Просил субсидию у государства на то, чтобы было хоть какое-то жилье. Зато его дети, в том числе несовершеннолетние, стали за последние годы владельцами недвижимости, стоимостью более 1 млн долл. Рост благосостояния детей Суконкина совпал с тем, как он стал курировать все строительные работы в казначействе. Суконкин успел поработать в казначействах Брянской области и Мордовии, пока его не приметил Михаил Мишустин. Последний в 2020 году был назначен премьером, а через год он вытянул в Москву Суконкина. Что уж их связывает, история умалчивает. Суконкин в марте получил должность директора Федерального казенного учреждения «Центр по обеспечению деятельности Казначейства России». На этом посту он стал контролировать расходование более 1,5 млрд рублей, выделенных на капитальный ремонт объектов ведомства. В 2024 году Суконкин за "успешную работу" пошлел на повышение и был назначен Мишустиным заместителем руководителя Федерального казначейства. По декларации, Суконкин один из самых бедных чиновников. Из открытых данных, совокупный годовой доход до удержания налогов у скромного чиновника не превышал 1 млн. руб. за год и только в 2019 – 2020 году он составлял около 2 млн. руб. за год. Даже жить в Москве бедолаге негде. После перевода в столицу из государственного фонда Александру Суконкину выделена служебная квартира для комфортного проживания и работы, а в конце 2024 года из-за отсутствия собственного жилья на территории города Москвы, как малоимущему, из федерального бюджета безвозмездно предоставлена единовременная субсидия на приобретение жилья в размере, превышающем 20 млн. руб. Как выяснил наш проект, гораздо лучше ситуацию с квартирным вопросом у детей Суконкина. В 2021 году, спустя месяц после назначения в Московский центр и получения доступа к строительным деньгам, Александр Суконкин регистрирует на свою несовершеннолетнюю дочь Марину (на тот момент ей было 15 лет) квартиру премиум класса площадью 78,4 кв.м. в ЖК «Xeadliner» (Шмитовский проезд, 39, корп. 2) c видами на Москва Сити. А в феврале 2024 года, уже после получения повышения, на имя сына чиновника Кирилла была оформлена квартира в премиальном жилом комплексе Hide, (1-й Сетуньский проезд). Ее общая площадь составила 96,1 кв.м. Стоимость двух квартир превышает 1 млн долл. Вот такие успешные дети у скромного и бедного чиновника. Deputy Head of the Russian Treasury, Alexander Sukonkin, is living the best life, according to VChK-OGPU and He declares himself a "pauper" and doesn't even own an apartment. He requests a state subsidy to afford some kind of housing. However, his children, including minors, have become owners of real estate worth over $1 million in recent years. The rise in Sukonkin's children's wealth coincided with his assumption of oversight of all construction work at the treasury. Sukonkin worked in the treasuries of the Bryansk Region and Mordovia before Prime Minister Mikhail Mishustin took notice. Mishustin was appointed prime minister in 2020, and a year later, he brought Sukonkin to Moscow. History remains silent on their connection. In March, Sukonkin was appointed director of the Federal State Institution "Center for Support of the Activities of the Russian Treasury." In this position, he oversaw the spending of over 1.5 billion rubles allocated for major repairs of department facilities. In 2024, Sukonkin was promoted for his successful work and appointed Deputy Head of the Federal Treasury by Mishustin. According to his income declaration, Sukonkin is one of the poorest officials. Publicly available data shows that this modest official's total annual income before taxes did not exceed 1 million rubles per year, and in 2019-2020 alone, it was around 2 million rubles per year. The poor fellow doesn't even have a place to live in Moscow. After his transfer to the capital, Alexander Sukonkin was provided with a company apartment from the state fund for comfortable living and work. At the end of 2024, due to the lack of his own housing in Moscow, as a low-income person, he received a one-time housing subsidy from the federal budget in excess of 20 million rubles. As our project discovered, Sukonkin's children are in a much better housing situation. In 2021, a month after his appointment to the Moscow Center and gaining access to construction funds, Alexander Sukonkin registered a premium-class apartment of 78.4 square meters in the Xeadliner residential complex (39 Shmitovsky Proezd, Bldg. 2) with views of Moscow City in the name of his minor daughter Marina (she was 15 at the time). And in February 2024, after receiving his promotion, an apartment in the premium Hide residential complex (1st Setunsky Proezd) was registered in the name of his son Kirill. Its total area is 96.1 square meters. The value of the two apartments exceeds $1 million. Such are the successful children of a modest and impoverished official.

ВЧК ОГПУ (Истина любит действовать открыто).

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