Peter Nees

Software builder, Founder of Uncle Stock, Investor. #investing #stocks #stockscreener

[Anna @AnnaDeMilanese]

Nr. 1
Jared Kushner – Trumps Schwiegersohn – steht offiziell unter Untersuchung. Kongress-Abgeordneter Raskin wörtlich: „Du kannst nicht gleichzeitig Diplomat und finanzieller Büttel der saudischen Monarchie sein.

Du kannst die USA nicht treu vertreten wenn du Milliarden in saudischen und emiratischen Geldern in jedem Anzug trägst." Kushner verhandelte gleichzeitig als inoffizieller Nahost-Sondergesandter – Iran-Deal, Russland-Ukraine-Gespräche, Palästina – und sammelte mindestens 5 Milliarden Dollar für seine Investmentfirma Affinity Partners von denselben Golfstaaten. Affinity: 6,2 Milliarden Dollar unter Verwaltung. 99 Prozent davon von ausländischen Staatsfonds. Kushner baut Hotels in Albanien. Kushner verhandelt Weltfrieden. Kushner kassiert Milliarden. Alles gleichzeitig.
Kushner baut Hotels in Albanien. Kushner verhandelt Weltfrieden. Kushner kassiert Milliarden. Alles gleichzeitig.

Aber wer genau hinsieht versteht das Muster: Trumps zweite Amtszeit war von Anfang an eine Uhr die tickt. Vier Jahre. Nicht mehr. Also schnell schnell. Trump Jr. – Pentagon-Deals für sein Startup. Eric Trump – Robotik-Firmeverträge. Kushner – 5 Milliarden von Golfstaaten während er deren Außenpolitik mitgestaltet. Ivanka – Hotels auf albanischem Schutzland. Melania – NFTs und Krypto. Trump selbst – 3.700 Aktientransaktionen in drei Monaten.

Das ist kein Regieren. Das ist Abkassieren mit Ablaufdatum. Und wenn die Uhr abläuft – ziehen sie sich zurück. Mit dem Geld. Und lassen andere mit dem Schaden zurück.

Das ist kein neues Phänomen. Es ist ein uraltes Muster:
Historisch:
Cornelius Vanderbilt – Eisenbahnmonopol, staatliche Subventionen, politische Verbindungen.
John D. Rockefeller – Standard Oil, politischer Einfluss, Staatsverträge.
Die Gilded Age Oligarchen des 19. Jahrhunderts.
Modern:
Berlusconi – Medienimperium und gleichzeitig Premierminister Italiens. Gesetze die zufällig seine eigenen Ermittlungen stoppten.
Orbán – 16 Jahre an der Macht, Freunde und Familie kontrollieren heute Ungarns Medien, Bauwirtschaft und Energiesektor.
Putin – vom KGB-Offizier zum reichsten Mann der Welt durch Staatsressourcen.

Das Muster ist immer dasselbe:
Macht nutzen um Reichtum zu akkumulieren. Reichtum nutzen um Macht zu sichern. Und wenn die Macht endet – das Geld ist längst in Sicherheit.

In Trumps erster Amtszeit wurden die weichen gestellt.
Das Justizministerium fand 2017 einen Gesetzesschlupfloch damit Kushner überhaupt im Weißen Haus arbeiten durfte – ohne Senatsgenehmigung, ohne Ethiksgesetze, ohne Finanzoffenlegung. Klagen wegen Verfassungsverletzungen wurden auf Verfahrensgründen abgewiesen – nie inhaltlich entschieden. Als Kushner 2021 das Weiße Haus verließ – direkt 2 Milliarden Dollar von Saudi-Arabien. Derselbe Saudi-Arabien mit dem er als Berater arbeitete. Das war der Testlauf.
Zweite Amtszeit: dasselbe System – aber größer, schneller, dreister.
5 Milliarden angesammelt. Kein Finanzoffenlegungsformular. Keine Ethiksgesetze. Sogar republikanischer Kongressmann Comer sagte: „Was Kushner tat überschritt die ethische Grenze." Das System ließ es zu. Beide Male.
🇺🇸🇪🇺🇺🇦

[George Noble @gnoble79]

NVIDIA IS BUYING ITS OWN CHIPS AND CALLING IT REVENUE

And your retirement account is secretly holding the bag.

This scheme is literally straight out of the Enron playbook...

In January 2026, a special purpose vehicle called Valor Compute Infrastructure was created with one purpose:

Buy Nvidia's chips so Nvidia could book the sale as revenue.

Valor raised $5.4 billion and purchased over 100,000 of Nvidia's GB200 GPUs.

But $1.9 billion of that money came FROM Nvidia itself.

Nvidia invested $1.9 billion into the shell company, then sold that same shell company $5.4 billion worth of its own chips and booked every dollar as revenue.

It's the Girl Scout whose dad bought all the cookies and then she wins the sales contest because Dad was the customer. Except this Girl Scout is a trillion-dollar company and the cookie sale is $5.4 billion.

But it gets MUCH worse:

The remaining $3.5 billion in financing came from Apollo Global Management. Apollo structured the debt, packaged it into securities, and then sold those securities to Athene.

And guess who Athene is? Apollo's OWN insurance subsidiary. The one that sells fixed annuities to American retirees as safe, conservative retirement products.

Follow the chain:

Nvidia funds a shell company with $1.9 billion. The shell company buys $5.4 billion in Nvidia chips. Apollo finances the remaining $3.5 billion. Apollo sells the debt to its own insurance arm. That insurance arm packages it into annuity products and sells them to retirees who think they're buying something safe.

The retirees have no idea that their retirement savings are now backed by 100,000 computer chips sitting in some data center that will be worth pennies on the dollar in three years.

Now look at what's happening inside Athene:

$74.2 billion in US reserves but $217 billion in assets have been shifted to a Bermuda-based captive insurer, outside normal US regulatory oversight.

$103 billion of that portfolio (roughly 35%) is classified as Level 3 assets. That means there is no observable market price.

These assets are valued by internal models, not by actual markets.

And sitting on top of all those unpriced assets? 16.6x leverage.

If you're getting flashbacks to 2008, you should be.

Back then it was mortgages bundled into securities that nobody understood, sold to investors who had no idea what they were holding, rated as safe by agencies that never looked under the hood.

Today it's GPU-backed securities. Computer chips bundled into structured credit instruments, routed through an offshore insurance subsidiary, and sold to you as a retirement product.

The collateral is 100,000 GPUs leased to a single customer through an xAI subsidiary. If xAI stops making lease payments for any reason - financial distress, a pivot in strategy, anything - the entire structure unravels.

And Nvidia releases new architectures every year, so each generation delivers dramatically more compute per watt. A 5 year lease on technology that's obsolete in 2 years creates a mismatch that should terrify every annuity holder in America.

Every single step in this chain is technically legal. The SPV is legal, the lease is legal, Nvidia's equity stake is legal, the securitization is legal, and the Bermuda transfer is legal.

But legality and legitimacy are not the same thing.

I've seen every trick Wall Street has ever pulled in my 45 years of doing this.

And what I'm looking at right now is a pipeline that takes AI infrastructure risk, launders it through 8 layers of financial engineering, and deposits it in the retirement accounts of Americans who never agreed to fund Elon Musk's data centers.

In 2008 it was mortgage-backed securities.

In 2026 it's GPU-backed securities.

Different asset. Same greed. With the same ending.

[Harry Sisson @harryjsisson]

Trump had another mental health episode today and posted over 50 times online:

11:15 AM - Trump attacks judge who said he couldn’t put his name on the Kennedy Center
12:03 PM - Says he may perform and give a speech at the America 250 event instead of artists who cancelled
12:08 PM - Says Obama filled the Reflecting Pool with Garbage
12:09 PM - Attacks Biden
12:09 PM - Posts edited photo of Columbus Circle in DC with the caption “CLEAN”
12:10 PM - Attacks Biden again
12:11 PM - Posts AI photo of him and George Washington riding horses in front of the White House with a space shuttle and race car in the background
12:11 PM - Attacks Rosie O’Donnell
12:11 PM - Posts photo of him in front of the American flag
12:11 PM - Brags about his endorsed candidates winning
12:12 PM - Attack Obama and Biden over the reflecting pool
12:12 PM - Posts photo of him pointing at the camera
12:13 PM - Posts photo of the UFC event cage he’s building at the White House
12:13 PM - Posts an AI image of a “golden dome” for the White House
12:15 PM - Defends Jaxson Dart, calling him a “winner” and his critics “losers”
12:45 PM - Posts an AI image of him as a NY Knicks basketball player dunking on Governor Kathy Hochul
12:56 PM - Posts an AI image of him with Tom Brady
1:03 PM - Posts a garbage can labeling it “The Obama Presidential Library”
1:16 PM - Says America is back
1:16 PM - Says America is back again
1:16 PM - Says America is back for the 3rd time
1:55 PM - Posts an AI image of him golfing
2:55 PM - Says he’s in “excellent health” lol
3:17 PM - Promotes his Fox News interview with Lara Trump
4:33 PM - Attacks the Pope again
4:54 PM - Posts a weird image of him staring at Greenland (which he has posted already)
4:57 PM - Posts an AI image of the “drone port” he wants to build on top of the ballroom
5:33 PM - Attacks Biden
5:33 PM - Attacks Biden x2
5:34 PM - Attacks Biden x3
5:34 PM - Attacks Biden x4
5:34 PM - Attacks Biden x5
5:35 PM - Posts cartoon image of Governors Newsom, Pritzker, and Hochul saying they like crime (Trump is a felon)
5:36 PM - Posts meme about Republicans who voted to release the Epstein files losing their primaries
5:36 PM - Posts an old tweet of his where he attacks “disloyal” Republicans
5:37 PM - Posts an old tweet where he said he wants to stop the world from “killing itself”
5:37 PM - Posts a mock up of a “Trump Peace Prize” which may be the most useless peace prize known to man
5:37 PM - Posts a photo of a B-2 bomber with the caption “Trump energy 2026”
5:37 PM - Posts a photo of his face on Mount Rushmore
5:38 PM - Posts an image of him kissing the American flag (he’s the least patriotic president we’ve ever had)
5:39 PM - Compares himself to George Washington
5:39 PM - Says you were convinced to think a photo of a family sitting on a car is “evil” and billions were spent to do that (???)
5:50 PM - Says we should “physically audit” Fort Knox
5:50 PM - Posts an image of him cosplaying as a navy commander
5:51 PM - Posts another image of his face on Mount Rushmore
5:51 PM - Posts another photo of him and George Washington
6:09 PM - Attacks Biden again
6:09 PM - Attacks Biden x2
6:09 PM - Attacks Biden x3
6:09 PM - Posts an old photo of himself and King Charles
6:12 PM - Posts an old photo of himself and President XI in China
6:12 PM - Posts another photo of himself and President Xi
6:22 PM - Posts a photo of himself walking in China
6:48 PM - Says the U.S. should have a ballroom because China has one
7:03 PM - Says he wants to cancel his America 250 celebration and replace it with a MAGA rally
7:56 PM - Promotes Mark Levin’s show on Fox News
7:59 PM - Promotes his Fox News interview with Lara Trump

All in one day. This man is not well. Impeachment and removal NOW.

[Brett Erickson @BrettErickson28]

Trump now finds himself in an entirely new situation with the War in Iran.

He doesn't hold the cards. He has no notable leverage. And he can't simply declare bankruptcy for the seventh time and move on.

And it shows.

Donald Trump is not a statesman. He is not a diplomat. And I think, in many ways, this is what endeared him initially to many of his voters. He was businessman that accumulated billions of dollars of personal wealth through casino's, real estate, television, golf courses, and a multitude of endeavors.

You can say what you will, but at the end of the day, you don't accrue a net worth well beyond a billion, or even hundreds of millions of dollars, without being "successful", so let's put that partisan argument to the side for now.

But all throughout Trump's life, he's held the upper hand. He grew up wealthy. He received significant financial assistance from his father. And he had an effectively unlimited financial safety net in the event of failure. These are not points meant to be political hits, nor are they able to be refuted. They are simply the facts. Reality.

As a result, Donald Trump always had the leverage. He was a trust fund baby. Again, this is simply the truth. It is reported that Fred Trump left his children around a billion dollars when he passed away in 1999. Trust me, if you know beyond a shadow of a doubt you are set for life regardless, you live life differently.

What this means is that Donald Trump, throughout his business career which WAS hyper-successful, never HAD to succeed. He could also walk away if a deal was not in his favor. He, by definition, always held the cards. Generational wealth.

And don't get me wrong, President Trump was savvy in his exploitation of this reality. You'd be a fool to enter a deal you didn't think was highly beneficial to you if you didn't have to make a gamble. That'd be stupid.

In every transaction, every business dealing, it was either in his favor, or he walked.

Because. He. Could.

And when business endeavors failed to pan out? Bankruptcy could be declared. Again, save me the partisan takes, Donald Trump declared bankruptcies on his businesses six times. And he was RIGHT to do so. That's the correct financial decision... but it's an off-ramp. A quick fix.

These same realities - holding all the cards, being able to walk away, having a legal escape valve - do not exist in the quagmire he finds himself in with the Iran War.

The reality facing Donald Trump is one that he has never had to navigate before. Iran does not care that he is wealthy. It's irrelevant. Trump can't simply walk away because Iran would retain control of the Strait of Hormuz and it would destroy Trump's legacy. There is no emergency "bankruptcy-equivalent" escape valve here.

Now, Donald Trump has to sit on the other side of the table at a time when the stakes are the highest they have ever been in his entire life. No training wheels. No safety net. Trump's been thrown right into the deep end with perhaps the most savvy negotiators in the world.

President Trump holds effectively zero leverage with Iran.

There is not a modicum of domestic American support for this war. It was never sold to the American people. Many see this as Israel's war that is not "putting America first". The goals and objectives have changed by the day. For this reason, alongside the unlikely chance of success in the first place, a large-scale ground invasion is not a serious suggestion being put for by anyone with an above room temperature IQ.

Iran holds insurmountable "escalation dominance". If the United States targets Iran's energy infrastructure? Iran will retaliate massively across the Gulf. GCC countries have already made it abundantly clear to Trump that they fear Iran. That they don't trust the US-bought military equipment to protect their infrastructure or civilians. Iran can cut undersea cables. Iran could close the Bab al-Mandeb Strait and further cripple maritime shipping. Anything the US can do to hurt Iran, Iran can do tenfold to hurt the global economy.

Reopen the Strait of Hormuz by force? We tried that under Operation Freedom, and it was so ridiculous and stupid that it was canceled within 48 hours. Some are suggesting we try again, but seem to entirely misunderstand reality (as they have throughout the entire conflict). What? Is the United States supposed to effectively occupy the Strait of Hormuz until the end of time? How many vessels per day would be able to navigate the Strait of Hormuz with US naval escorts? What would the costs of this be? Can we adequately protect our sailors? Why wouldn't Iran, again, utilize their escalation dominance and shut down the Bab al-Mandeb or strike Gulf infrastructure? It. Doesn't Work.

The unfortunate reality is that President Trump holds no cards. He has no meaningful leverage. His ONLY option is making concessions at the negotiating table...

Is this something Trump is even capable of navigating in the first place though? A President, one who has made perhaps the gravest mistake in the history of American foreign policy, one who has never experienced these constraints before, one who has a litany of allies ready to turn their backs on him the second he capitulates... A man who's entire legacy will not be, "Trump the Businessman", nor will it be "Trump the President". It will eternally become, "Trump the Failure".

But it's his only choice. The Iran Hawks and Israeli Lobby that surrounds him, and they do, are prepared to claw him to shreds on Fox News and Newsmax. We saw this exact situation play out just this past weekend when initial terms of a potential Memorandum of Understanding was leaked. His so called "allies" in the United States turned their back on him immediately, leaving him with almost nobody remaining. Not after the Epstein Files. Not after this Iran War debacle.

Donald Trump now finds himself in an entirely unfamiliar situation. He doesn't hold the cards. He has no escape valve. And there is no realistic scenario where he can credibly claim victory... The only path forward is the one that will permanently destroy his legacy.

But it's the only way to end this war.

[Velina Tchakarova @vtchakarova]

Energy inflation in the EU is expected to peak above 11% in the second quarter of 2026 and remain above 10% for the rest of the year. In response to higher inflation, the ECB and most other EU CBs are expected to tighten their monetary policy stance or delay previously anticipated easing measures.

[Olena Rohoza @OlenaRohoza]

🇺🇸🧐“AND YOU STILL DARE TO OPEN YOUR MOUTH…”

Sasha Legerman: This is too accurate not to share.

This Australian’s response to Trump’s rant that “NATO does nothing for America” is absolutely devastating:

“Mate. You run a country where 600,000 homeless people will sleep on the streets tonight.

A country where 40% of adults can’t cover a $400 emergency without borrowing money.

A country where insulin costs more than a car payment, and people ration it just to stay alive.

A country where medical debt is the number one cause of bankruptcy.

A country where women die in hospital parking lots because doctors are too afraid of abortion laws to treat miscarriages.

You imprison more of your own citizens than any country on Earth.
More than China. More than Russia. More than North Korea.

In the land of the free, 2 million people sit in cages, and a quarter of them haven’t even been convicted of anything.
They’re simply too poor to afford bail.

Your life expectancy is declining. You’re the only developed nation where that’s happening.

Your infant mortality rate is worse than Cuba’s.

Your children practice active shooter drills between math and English classes while you sell defense stocks to your friends.

Your minimum wage hasn’t changed in 15 years.

Your teachers work two jobs, your veterans sleep under bridges, and you just spent a trillion dollars flattening a country that never attacked you.

And now a convicted criminal — found liable for sexual abuse, defending a pedophile, sleeping with a porn star, and running the biggest dumpster-fire campaign since the Taliban — is thanking you for yet another disaster.

And you call Greenland badly governed?

Greenland has universal healthcare. Free education. One of the lowest incarceration rates in the world.
Nobody there goes bankrupt because they got sick. Nobody dies in a waiting room because insurance refused treatment.

‘NATO wasn’t there when we needed them.’

When exactly was that, champ?
September 11?

Because NATO invoked Article 5 for the first and only time in history FOR YOU.

Soldiers from dozens of countries deployed, fought, bled, and died in Afghanistan FOR YOU.

Australia wasn’t even in NATO, and we still showed up. For twenty years.

And then you left at 2 a.m. without telling anyone and left everybody else to clean up the mess.

You don’t care that a great nation is being terrorized by your friend, and you haven’t shown it a single ounce of sympathy.

So maybe before calling other countries badly governed, take a look at your own backyard, you aluminum siding salesman with a spray tan.

The only thing badly managed in this picture is your damn mouth.

And you still dare to lecture the rest of the world?”

[Gandalv @Microinteracti1]

Canada’s Aluminium Is Going to Europe. Brilliant Work, Donald.

A 50% tariff on Canadian aluminium, the one country on Earth that was happily selling the stuff at sensible prices, right next door, through an integrated supply chain that took decades to build. And now that aluminium is sailing across the Atlantic to Europe instead.

Canadian exports to the EU went from near zero to between 6% and 40% of monthly totals in the space of a year. Just vanished eastward. Extraordinary result.

US consumers are now paying $6,200 a ton for aluminium. Europeans are paying $4,300.  American manufacturers taxed nearly two thousand dollars a ton more than their competitors. For beer cans. And car parts. And buildings. Tremendous. Nobody could have seen that coming, except everyone.

Meanwhile Europe, which was already scrambling after losing its Middle Eastern supply to the Iran war, now faces a 5.6 million-ton aluminium deficit in 2026. And Canada just filled it. With metal that used to go to America.

The head of the Aluminium Association of Canada put it with admirable restraint: the EU option “remains attractive,” adding pressure on the US market. What he meant was: Washington handed Europe a competitive advantage in manufacturing while American industry pays the bill.

This is what happens when a trade guru who has spent his career slapping his name on buildings in gold letters decides he understands global commodity flows. No leverage materialises. Just an empty dock in Ohio and a very pleased purchasing manager in Rotterdam.

Well done, Donald.

Gandalv / @Microinteracti1

[Jack @jackcoder0]

Two economists just published a mathematical proof that AI will destroy the economy.

Not might. Not could. Will — if nothing changes.

The paper is called "The AI Layoff Trap." Published March 2, 2026. Wharton School, University of Pennsylvania. Boston University. Peer reviewed. Mathematically modeled.
The conclusion is one sentence.
"At the limit, firms automate their way to boundless productivity and zero demand."

An economy that produces everything. And sells it to nobody.
Here is how you get there.
A company fires 500 workers and replaces them with AI. A competitor fires 700 to keep up. Another fires 1,000. Every company is behaving rationally. Every company is following the incentives correctly. And every company is building a trap for itself.

Because the workers who were fired were also customers.
When they lose their jobs faster than the economy can absorb them, they stop spending. Consumer demand falls. Companies respond by cutting costs — which means automating more workers — which means less spending — which means more falling demand — which means more automation.

The loop has no natural exit.
The researchers tested every proposed solution. Universal basic income. Capital income taxes. Worker equity participation. Upskilling programs. Corporate coordination agreements.
Every single one failed in the model.
The only intervention that worked: a Pigouvian automation tax — a per-task levy charged every time a company replaces a human with AI, forcing them to price in the demand they are destroying before they pull the trigger.

No government has implemented this. No major economy is seriously discussing it.
Meanwhile the numbers are already tracking the curve. 100,000 tech workers laid off in 2025. 92,000 more in the first months of 2026. Jack Dorsey fired half of Block's workforce and said publicly: "Within the next year, the majority of companies will reach the same conclusion."
Nobody is doing anything wrong. Companies are following their incentives perfectly. That is exactly the problem.

Rational behavior. At scale. Simultaneously. With no mechanism to stop it.
Two economists built the math. The math leads to one place.

Source: Falk & Tsoukalas · Wharton School + Boston University ·

[Garry Kasparov @Kasparov63]

When this war is over, and Ukraine is victorious and whole again, and every innocent victim, every fallen defender, every destroyed city and town is documented, let no one say they did not know. These Russian crimes against humanity are happening in full view in real time.

[Peter Nees @UncleStock]

@galumay @swalex_ai He does not think there are only 10. It runs a screen asking the top 10 by default, that's all.

[Peter Nees @UncleStock]

@galumay @swalex_ai Just ask to get more, or refine your question..

[Velina Tchakarova @vtchakarova]

Without China, Russia would have lost the war on Ukraine.

Remember when I was telling you at the start of the war back in 2022 that without China, Russia would have never launched a full-scale war on Ukraine.

Nowadays, the acceptance of the DragonBear has become omnipresent.

[Richard @ricwe123]

When the illusion finally shatters, what’s left isn’t just disappointment,it’s total embarrassment.
The man you invested your faith in wasn’t a savior at all, just an empty act stitched together with arrogance, noise, and relentless self-promotion.
All that confidence, all those grand promises, all the swagger,it collapses into something painfully small the moment it’s tested against reality.

There’s no hidden genius, no bold disruptor underneath it all.
Just a loud, impulsive figure flailing through responsibilities he clearly wasn’t equipped to handle, drowning incompetence in a flood of bluster.

In the end, what once looked like strength turns out to be nothing more than cheap theatrics.
Not leadership,just a gaudy performance.
A caricature.
A spectacle.
And the real sting isn’t that it was absurd,it’s realizing how long it took to admit you were taken in by his bullshit...

[Peter Nees @UncleStock]

I'm incredibly proud: https://t.co/8u2YtBmMto has been running for 15 years in a highly competitive market full of well-funded competitors.

Longevity like that means one thing — you have to be genuinely better where it counts.

[swalex.ai @swalex_ai]

6 investing legends. 6 different philosophies.

Buffett: wonderful companies at fair prices
Lynch: growth at a reasonable price
Greenblatt: Magic Formula
Graham: deep value and margin of safety

All screening real data on Swalex.

https://t.co/P2ChRPHjjO #valueinvesting

[Anders Åslund @anders_aslund]

Trump actually approves of Putin’s terror bombing of Ukraine!
Dumb republicans! Stop claiming that Putin servant has done anything for Ukraine! He has not.
Trump tells us all the time about his admiration of Putin, whom he called a genius.

[Velina Tchakarova @vtchakarova]

There is a real brutal competition over AI supremacy going on out there between US and China, and it will determine the winner of the Fourth Industrial Revolution, which will determine the winner of the second Cold War.
The rest is intellectual gymnastics on the sidelines.

[Ricardo @Ric_RTP]

Trump was about to sign the biggest AI executive order in history.

CEOs flew to Washington and the pens were ready.

But then ONE phone call killed the whole thing. And the guy who made that call literally owns 449 AI companies.

Here’s what happened:

On Thursday, every major tech CEO in America was either in Washington or on their way. Sam Altman, Sundar Pichai, Satya Nadella, Mark Zuckerberg, and more.

The White House had invited them to watch Trump sign an executive order that would have given the federal government up to 90 days of access to test the most powerful AI models before they were released to the public. It would have created a coordinated response to AI-enabled threats against banks, hospitals, and critical infrastructure.

The order had been in development for months. White House staff believed everyone was on board.

Then at some point, David Sacks called the President directly.

Sacks is the venture capitalist who served as Trump’s AI and crypto czar until March 2026. His firm Craft Ventures holds stakes in 449 companies with AI products.

The New York Times investigated his portfolio and found he remained invested in hundreds of AI companies despite divesting from some holdings. A government ethics expert at Washington University called his ethics waivers “sham waivers” that were “like a presidential pardon in advance.”

On Thursday morning, Sacks told Trump the executive order could slow AI development and hand China the lead. He argued that the voluntary review process could one day be made mandatory. His pitch was simple:

Regulate AI, lose the race.

Elon Musk called Trump with the same message. So did Mark Zuckerberg.

Three billionaires who collectively own or invest in the majority of America’s AI infrastructure called the President in the span of a few hours and told him NOT to regulate their industry.

Trump walked into the room where the ceremony was supposed to happen and told reporters he didn’t like the order. Pulled the plug on the spot.

Now here is the part that makes this truly insane:

The executive order was VOLUNTARY. Companies did not have to submit their models.

There was no licensing requirement, mandatory approval process, or penalties for non-compliance. The government was simply asking to look at frontier AI models before they went live so they could test for dangerous capabilities.

And even THAT was too much.

Politico reported that White House officials believed Sacks supported the order all the way through the review process earlier that week. He raised zero objections during the meetings.

Then on Wednesday night, he suddenly had concerns. By Thursday morning, the order was dead.

The draft leaked to Axios on Friday. Now every AI company in America is operating in a policy vacuum because nobody knows what rules apply.

The national security team that spent months writing the order got overruled in 12 hours by a phone call from a man who profits directly from the industry staying unregulated.

But the companies that killed it are the ones building the most powerful systems with the least oversight. Musk’s xAI and Zuckerberg’s Meta AI are both developing frontier models. And both called the President to make sure nobody gets to test those models before release.

David Sacks officially LEFT his White House role in March 2026. But on Thursday morning, one phone call from a private citizen with 449 AI investments was enough to override months of national security policy work and cancel a presidential executive order hours before it was signed.

Nobody elected David Sacks or can vote him out. And he just decided what the rules are for the most powerful technology on Earth...

[swalex.ai @swalex_ai]

New on Swalex: screen stocks like the world's greatest investors.

Warren Buffett. Peter Lynch. Joel Greenblatt. Charlie Munger. Benjamin Graham. Howard Marks.

One click. Real fundamental data. No filters to configure.

Try it: https://t.co/P2ChRPHjjO #valueinvesting #investing

[Anna @AnnaDeMilanese]

Wladimir Putin fordert internationale Organisationen auf einen ukrainischen Drohnenangriff scharf zu verurteilen.
Derselbe Putin der seit über vier Jahren Krankenhäuser bombardiert.
Schulen.
Wohnhäuser.
Kindergärten.

Der Sarmatanrack Kh-101 auf ein Wohnhaus in Kyjiw schickt und 24 Menschen tötet.
Der Mann, der das Internationale Recht seit 2022 täglich bricht, ruft nach internationalen Normen. 🇺🇦🇪🇺