Chamath: "Now, can I just say something else? Youâre allowed to disagree with the guy⊠But as an adult living human being thatâs responsible for taking care of your family, you have to get past the TDS."
âĄïžThe American university system is the largest wealth transfer from the young to the old in human history and nobody frames it that way because the people who benefit from it control the framing.
Eighteen year olds who canât legally buy a beer are signing six figure debt obligations to institutions that face zero accountability for outcomes. The loan is non-dischargeable in bankruptcy. The university gets paid regardless of whether the student gets a job. The incentive structure is pure extraction. Get them in. Get the money. What happens after is their problem.
43% underemployment isnât a failure of the students. These kids did exactly what they were told. Study hard. Get good grades. Go to college. Get the degree. They followed the script perfectly and the script was a lie. Not a lie that anyone intended maliciously at first. But a lie that became profitable enough that nobody corrected it even after the data made it obvious.
The people who designed this system, the administrators pulling $500k salaries, the tenured professors teaching subjects with zero market application, the loan servicers collecting interest on degrees in fields that havenât produced a living wage in twenty years. None of them are underemployed. Theyâre doing fine. The 43% is subsidizing their comfort.
Now add AI. The entry level professional jobs that justified the debt are the first ones being compressed. Not blue collar work. Not trades. The exact white collar knowledge work positions that the degree was supposed to unlock. Legal research. Financial analysis. Consulting grunt work. Content production. The 43% who are already underemployed are about to be joined by a significant chunk of the 57% who thought they made it.
The people who will come through this are the ones who figured out early that the credential was a trap. The ones who built skills instead of collecting letters after their name. The ones who found asymmetric paths. The ones who created value directly instead of waiting for an institution to certify them as valuable.
The university system had a real function once. It produced genuine education and genuine opportunity. That function has been hollowed out by decades of misaligned incentives until what remains is mostly a financing operation that happens to have classrooms attached.
And 43% of its recent customers just confirmed with their own lives that the product doesnât work.
đšđșđž DAVID SACKS COMPLETES HIS 130 DAYS AS TRUMP'S AI AND CRYPTO CZAR
Sacks used up his full allocation as a special government employee and is now moving to co-chair the President's Council of Advisors on Science and Technology.
In just over four months, Sacks helped shape Trump's AI framework, pushed for easier permitting and power generation for tech companies, and brought serious Silicon Valley credibility to an administration that needed it.
He sold over $200 million in crypto investments before taking the role.
No conflicts. Clean hands.
Now he gets an expanded portfolio.
PCAST covers AI plus a broader range of technology policy.
Less day-to-day operations, more strategic recommendations directly to the president.
Sacks:
"I think moving forward as co-chair of PCAST, I can now make recommendations on not just AI but an expanded range of technology topics."
One of the few people in Washington who actually understands how this technology works.
Good to see him staying involved.
Source: CNBC @DavidSacks
BREAKING: David @friedberg says "California is functionally bankrupt"
"People don't realize how screwed California is, & I worry that if California falls, so does the union.
"$250 billion to $1 trillion short."
"This is because for California to get rescued would be a big cost to red states, & I think it creates in the years ahead a lot of tension."
"California's functional bankruptcy is a major risk to the country. & I think we need to figure out what we can change to fix it."
How we got here:
"California has a public pension system, & that public pension system retirees have paid into it & they get some benefits out, & the amount that they're owed back out is somewhere between $250 billion - $1 trillion dollars more than has been paid in.
$250 billion to $1 trillion short.
If it was the federal government, it would be like, okay, we'll just print more money. California doesn't have the ability to print money, so California has to pay this out, and you can't restructure retirement benefits.
There is a Supreme Court case in California that said that once an employee has been offered retirement benefits, even if they're currently an employee, you can never restructure their retirement benefits.
It has to stay forever, and the state cannot declare bankruptcy. There's no way for the state to functionally declare bankruptcy. There's no law to allow it. No state has ever declared bankruptcy, and the retirement benefits sit senior to the bonds in California.
So you have to pay out the retirement benefits before you pay out all the bond holders that have loaned California the money that they use to run all their programs and services."
Hill & Valley Forum 2026 (@HillValleyForum)
A city in Napa Valley, California has tap water that âsmells like swampâ and is brown
City officials say they canât replace all the pipes, so residents buy bottle water
âThe water is too often discolored. It can be silty, it can be frothy, even sometimes smells like swamp. The discoloration comes from naturally occurring minerals like iron and manganese that builds up in old pipesâ
âOne Saint Helena resident told me the water sometimes stains the tub and it can be hard to wash it off.â
âCity officials say it's not possible to replace all the pipes in the system â in 2023, they said they would spend about $55 million over 5 years improving water quality. But some Saint Helena residents remain unconvincedâ
Rep Tim Burchett exposes the price of gas increasing in America has nothing to do with the Iran war
He says we buy ZERO oil from Iran, our fuel companies just decided to take advantage of the situation and price gouge Americans
âHow much oil does America get from Iran? Zero. That's how much this is a scam. And these oil companies, shame on 'em. They're using this opportunity to make record profits once againâ
âAnother thing that really ticks me off about it is that the price of oil, they say, well, it's whatever happens overseas is causing this to happen. â The price hasn't gone up â the whole thing is, is just ridiculous. It's greedâ
American shows the chlorine used to treat our tap water in America is still very present in the water when you go to drink it
She tests the tap water with chemical detecting drops
She then shows how easily the chlorine transfers to human skin
âThe chlorine is now on my hand. My hand absorbed the chlorine. And this is what happens every time you expose yourself to tap water. Chlorine is just one of the many contaminants found.
There's also heavy metals from pipes, rust, lead microplastics, and 200 plus unregulated chemicals. Because the EPA is super behind on regulations, no wonder why people have all these skin issues, hair shedding, even health issues from drinking tap water.â
đš DR. OZ: âThe U.S. Attorney, the FBI, everyone's now focused on the fact that in this state [California], which has about $30 BILLION worth of home & community based services, most of it might be fraudulent.â
đšHow did Ilhan Omar make millions from a 100% fake winery?
This is insane. We investigated. Check this outâŠ
Illhan Omar lists a California winery on her financial disclosures. You can see them below. The winery name is âeStCru LLC.â
In 2023 it was valued at $15k.
In 2024 it was valued at $5 Million (!!!)
This must be a very successful winery to grow that much in value over one year. Except⊠the winery does not even exist:
- No phone line
- No physical winery
- Social media gone dark
- A barely functional âwebsiteâ
- No wine lol
What is this?!
It gets worse: Omarâs third husband, Tim Mynett, has been accused of defrauding investors through this FAKE winery. He was sued by the investors for millions because itâs all fraudulent. This is on brand. Minnesota AG Keith Ellison previously worked with Mynett, the same AG who has REFUSED to investigate widespread Somali fraud.
How does a nonexistent winery jump from $15k to $5 million in one year when the company is a ghost? How can Omar claim this fake company provides her millions in assets? Seems like a cover.
Ironically, one of the wine labels they made was literally called âThe Devilâs Lieâ
The Trump administration and Republicans in Congress MUST investigate this fraud further.
Are you sitting down?
California NGOs:
213,720
$593.4 billion/year
New York NGOs:
132,097
$445.8 billion/year
Minnesota NGOs:
41,267
$124.2 billion/year
New Jersey NGOs:
56,332
$113 billion/year
Washington NGOs:
44,332
$139.5 billion/year
Just a few.
Imagine the fraudâŠ
Nick Shirley on Nick Fuentesâ influence with Gen Zâstarting with Fuentesâ post claiming public outrage over Somalians will lead to âno mass arrestsâ and âno mass deportations,â and what that says about political results versus online theater. Nick breaks down why figures like Fuentes gain traction with younger audiencesâarguing itâs less about agreeing with everything said and more about entertainment, blunt delivery, and a âraw, realâ style people feel is missing from mainstream media. The conversation expands into how Gen Z decides who to trust, why theyâre exhausted by âopinion piecesâ and want âactual factual information,â and how real-world pressuresâstudent debt, affordability, and the difficulty of building a stable lifeâshape that demand for clarity and results.
@nickshirleyy@NickJFuentes
đš California Fraud Update: We have received over 1,000 messages from whistleblowers, public officials and State employees exposing California waste, fraud and abuse
Thank you.
We are headed to California next week to investigate.
Whatâs been brought to light already is mind-blowing:
- $24B on fake homelessness programs
- $18B on high-speed rail
- $32B in COVID relief stolen
- $2.5B lost to SNAP fraud
- Billions for Palisades fire rebuilding, zero homes built
- $250B in potential fraud (!!!)
Democrats are panicking because exposure like this ends political careers. We saw it with Tim Walz. Newsom is next.
Itâs time for the theft of American taxpayer to end. You can be part of it, Message us at: [email protected]
This is how we save America. Get ready.
Here is the untold story about Venezuela that the media will never tell you.
This man breaks down exactly why it was absolutely CRITICAL for Dictator Nicolas Maduro to be taken down.
- Venezuela has been strangled by a narco-dictatorship for over 25 years
- The regime erased entire familiesâ lives. Jobs, savings, pensions, and investments gone
- Venezuela is now the second-largest mass displacement on Earth, after Syria
- The regime has imprisoned hundreds of political opponents
- Thousands have been murdered for opposing the government or speaking the truth
- One-third of the country has fled
- Iranian militias, Chinese corporations, and Russian intelligence operate freely inside the country
- Foreign powers looting Venezuelaâs land, oil, gold, and institutions
- The country has become a forward operating base for authoritarian regimes
- It is a direct threat to the Western Hemisphere
I think this is the most asymmetric upside bet in the market now. Position yourself smartly and you can make 10-1000x with relative ease.
How?
Even if politicians try to bury the fraud, the bond market canât ignore it. Their math will show that even if the fraud is only 10% of total state and municipal budgets, itâs already way too much and should go to paying back debt holders.
Right now spreads donât reflect this and are too tight - ie look at California Credit Default Swaps - it doesnât reflect any fraud, budget shortfalls or the billionaire exodus.
There is little chance these spreads donât move as the bond market comes back to work and processes the events of the last few days.
Now, if instead of 10% fraud, they believe that fraud is 20-30% of all tax dollars, the cost of borrowing will escalate sharply until federal, state and local governments are forced to act.
This is when the CDS trade becomes the most asymmetric profit opportunity of our lifetime.
Buy the CDS -> wait for politicians to try and bury it -> ie in California -> see the bond market increase borrowing costs -> see the CDS blow out -> asymmetric bet pays off.
The takeaway here is that the bond market lives in an alternative and adjacent universe from the politicians and media. The latter group can try to bury an issue but when the former group is asked to fund it, a reckoning happens and the former group always wins.
If you watch one thing tonight, let it be this.
Stephen Miller drops a TRUTH NUKE, saying if we remove all immigrants from failed, third-world systems, everything improves:
â Take them out of test scores and they shoot upward.
â Take them out of health care and the strain plummets.
â Take them out of public-safety data and violent crime virtually disappears.
"If you bring failed societies into our country, you're going to replicate those conditions. If Somalians can't make Somalia successful, why would we think the track would be any different in the United States?"
"Go third world country by third world country. Libya keeps failing, Central African Republic keeps failing, Somalia keeps failing."