NYC Exodus

Last night ChatGPT extrapolated an 80% chance of Mamdani becoming the mayor of NYC. Today Newsweek quotes an 73% chance, close enough for me. As I predicted eighteen months ago, I expect the larger blue States to go off the rails and the Mamdani win is another confirmation, along with ICE madness in California, antifa violence in Oregon and rampant tax increases / regulations in Washington State. These are all simplistic, dysfunctional reactions to long-term outcomes from poor money design. Today's dollar may have been a reasonable model in 1913 but not in 2025 because it lacks nuance and adaptation to locality, which are almost certainly part of the BRICS exchange announcement at Rio in July.

Today Jewish organizations hopped onboard my prediction, issuing a warning for Jews to move out of NYC as soon as possible.

Debtors never believe debt matters... until they're dangling over a vat of acid. And even then, they'll believe ridiculous lies from a smiling personable face like Newsom or Mamdani before they'll face their true predicament.

From my post yesterday:

"Mamdani now leads the NYC mayor primary race on promises of "rent freezes, free child care, free transportation, cheaper groceries and $30 per hour minimum wage" despite a multi-billion deficit and fleeing tax base."

General rule of thumb: Sell blue, buy red.

The Democrats, like the Republicans, only grasp one side of the Keynesian equation, so each proposal increases disequilibrium. I'll probably expand more in a day or two. Here's a prologue entry:

Equilibrium