This is one of the most important moments ever aired on CNBC.
Billionaire investor Chamath Palihapitiya says the media lied to millions of Americans about President Trump, and that after going back to the original source material, he realized he had been completely misled about Trump’s character.
PALIHAPITIYA: “The reality is that most of us were lied to by the media about President Trump.”
“And if you just go back to the source material, you should take away two things.”
“One, he didn’t say half the things he said, and two, why did these other people just fabricate what they wanted to say so that they could essentially assassinate his character?”
“I think that that second thing is completely unacceptable in America, and there’s still been no repercussions, really.”
“I took the time to learn about it. I admitted where…you know, the way that I met him was, I admitted on the pod, which, you know, has millions of viewers.”
“And I said, I got it totally wrong because I went and I watched Charlottesville.”
“And, you know, the first person to call me? President Trump.”
“And I got to know him and I put the phone down, I called my wife, and I said, we got it TOTALLY, totally wrong. We were lied to.”
“And then I got to know him and he is fantastic!”
@chamath
Remember when instead of investigating the fraud the mainstream media decided to investigate the person who exposed the fraud?
Why? Because they were complicit in the cover up
I was right, they were wrong
I work for you, they work against you
The media is full of learers.
How to destroy a city.
Win an election by promising half the tenants frozen rents paid for by increased rents on the rest of the city’s tenants who often live in the same buildings with their subsidized neighbors. Pit neighbor against neighbor.
Create a city hostile to developers of apartments eliminating the potential for new supply.
Freeze rents so it is cheaper not to rent the apartment than to spend the capital required to renovate and rent it, shrinking the supply further.
Place all of the increased burden on the unregulated, market-rate tenants and the owners of buildings with no market rate apartments that can’t raise rents forcing them into foreclosure and the buildings into disrepair.
That’s all you need to do.
🇺🇸 BITCOIN ACT: 1 MILLION BITCOIN BUY!
"The legislation outlines a plan to phase in the acquisition of 1 MILLION Bitcoin or roughly 5% of total
BTC supply over 5 years."
🚨 BREAKING: Gov. Ron DeSantis has just stunned the nation, sitting down to SIGN this year’s SMALLER BUDGET THAN LAST YEAR for 4 straight years
Florida will now have a budget less than HALF the size of New York, despite being similar population
And the rainy day fund WILL BE FULL and more than TRIPLE THE SIZE from 7 years ago
FLORIDA DOES IT RIGHT!
No income tax, incoming property tax relief, every state should do this! 🇺🇸 ☀️
@FLVoiceNews
BILLIONAIRE PAUL TUDOR JONES ON BUYING THE S&P 500 RIGHT NOW:
“IF YOU BUY THE S&P AT THIS CURRENT VALUATION, THE 10-YEAR FORWARD RETURNS ARE NEGATIVE WHEN YOU BUY WITH THE S&P P/E OF 22. THAT'S WHAT HISTORY SHOWS.”
JONES CALLED THE 1987 CRASH BEFORE IT HAPPENED.
HE'S NOT PREDICTING A CRASH.
HE SAYS THE CURRENT SETUP IS MORE LEVERAGED THAN ANYTHING HE'S SEEN, INCLUDING 2008.
“THE STOCK MARKET'S REALLY HIGH, AND IT'S GOING TO BE REALLY HARD TO MAKE MONEY FROM HERE.”
The Cantillon Effect is the one idea the political class cannot afford for you to understand.
New money, Cantillon observed, does not enter the economy uniformly. It enters at a specific point. It enters through the hands of a specific set of people first. And those people, because they hold the new money before prices have adjusted higher, are able to purchase real goods at old prices with new money.
New money benefits its first recipients at the expense of its last recipients.
Inflation isn't merely a tax. Inflation is a transfer — from the people farthest from the printing press to the people closest to it.
It is how the political class thrives.
And, when the people eventually understand this is how they've been enslaved, financially, there will be a revolution.
https://t.co/HoAdZgjWv2
@SenWarren How many jobs has Elon created? How many millionaires that you love to tax has he created? Who has done more for climate change? Wealth tax??? Have you ever added up all the taxes you have collected because of his efforts?
bro immigrated from Mexico and took a $28/hr contract welding job in 2015.
didn't even know what SpaceX was.
they gave him $10,000 in stock and let him buy more through payroll deductions.
that stake is now worth $880,000.
and he's one of 4,400 employees who became millionaires on Friday. welders. technicians. cafeteria staff.
@RandPaul@POTUS Democrats sue over everything. @RandPaul why aren’t we suing Democrats that allowed open borders to recover some of our federal funds in order to get these illegals out?
THIS IS HUGE FOR BITCOIN
Someone just bought a $4.2 million home using Bitcoin as collateral... without selling any Bitcoin. And it was backed by Fannie Mae.
While the timeline obsesses over short-term price action, Bitcoin is quietly moving from “store of value” into real collateral inside the $50 trillion US housing market.