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farrisbaba's profile
Farris BABA
Farris BABA
Farris BABA
@farrisbaba

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Farris BABA

@farrisbaba

πρέπει να σε ψάχνουμε πάνω απ 'όλα και να μην ψάχνουμε τίποτα άλλο εκτός από σένα, γιατί όποιος σε ψάχνει ☦︎︎ My tweets/charts aren't trade recommendations

Tx
Joined December 2012

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    Farris BABA‏ @farrisbaba 8 Oct 2021

    We’re borrowing 44% of the US budget. We’ve spent $9T to get $1T in GDP with a 5% inflation rate. On real adjusted basis the economy is dead in the water. There’s simply nothing there. People have no idea what is happening.

    11:36 AM - 8 Oct 2021
    • 141 Retweets
    • 618 Likes
    • Stara Srbija/ Old Serbia Gene Williams Rashad Phillips 4Ever j christian Fernando Murcia ProjectFreedom Eleanor Lee sam
    34 replies 141 retweets 618 likes
      1. New conversation
      2. Farris BABA‏ @farrisbaba 8 Oct 2021

        The federal budget is 35% of GDP. To put that into perspective for over 50 years federal spending would be around 18.5% if GDP. We’re now 2X that. There’s no country anymore no business without borrowed money. Typically Fed budget deficit was between 3-5% of GDP for years.

        2 replies 8 retweets 47 likes
        Show this thread
      3. Farris BABA‏ @farrisbaba 8 Oct 2021

        That would mean a budget deficit of $60-$100B we’re at 50X the lower range. The economy grew at 6% this year and all we were able to reduce the deficit was by $280B from 2020 in the depression year. I mean these numbers are just staggering.

        1 reply 10 retweets 42 likes
        Show this thread
      4. Farris BABA‏ @farrisbaba 8 Oct 2021

        NOT SUSTAINABLE

        6 replies 7 retweets 47 likes
        Show this thread
      5. Farris BABA‏ @farrisbaba 9 Oct 2021

        The economy is collapsing as tweet this. Both the supply of money and the velocity of money are crashing. Home sales are falling and auto sales are down 5 months in a row.

        1 reply 2 retweets 10 likes
        Show this thread
      6. Farris BABA‏ @farrisbaba 9 Oct 2021

        There were 24 countries in the last 100 years with debt levels where the US is at all had to go through austerity to survive. Either we deflate and cleanse the system or they make the Fed’s debts legal tender in which case it’s even worse and we turn into the Weimar Republic.

        1 reply 3 retweets 24 likes
        Show this thread
      7. Farris BABA‏ @farrisbaba 9 Oct 2021

        A big wake up call is coming once this market realizes the severity of what's happening

        5 replies 4 retweets 31 likes
        Show this thread
      8. End of conversation
      1. New conversation
      2. G‏ @G0513p 8 Oct 2021
        Replying to @farrisbaba

        Yep, when does the house of cards go Boom?

        1 reply 0 retweets 2 likes
      3. Uncle Scam‏ @Califazz1 8 Oct 2021
        Replying to @G0513p @farrisbaba

        When WTI finally tops. Thats where Im looking since its the life blood of the economy.

        4 replies 1 retweet 14 likes
      4. Show replies
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      2. Andi Liu‏ @TheAndiLiu 8 Oct 2021
        Replying to @thefuturist_ai @farrisbaba

        He is never absent, but a master of patience.

        0 replies 0 retweets 3 likes
      3. End of conversation

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