if @elonmusk paid 100% of his net worth ($1.4 trillion) as a tax it would only cover federal government spending for 77 days. this isn’t a tax problem…
The old way: The studio employs the filmmaker to make a movie for the studio’s audience.
The new way: The filmmaker hires the studio to manufacture a movie for the filmmaker’s audience.
Tech startups don’t let AWS own their company; they just pay them to use their servers…
Self commoditization is the internet’s end state. As such, future auteurs will build brand, and thus distribution, via @YouTube. Traditional studios become service providers when creators bring their own audience to the table.
I spoke with @porterstansb to discuss why he believes America is heading toward a great financial reset by 2029.
He believes the combination of a collapse in Social Security, the currency debasement, and a breakdown of the social compact will lead to destruction of investor portfolios.
Porter describes how to build a portfolio to survive what's coming, including gold, bitcoin, timber, and his Honeycomb Portfolio strategy.
YouTube: https://t.co/Rxe0e8CTOx
Spotify: https://t.co/OLm6gJ5UNV
Apple: https://t.co/sFEoYrXSks
TIMESTAMPS:
0:00 - Intro
1:00 - What is the Fourth Turning?
3:21 - Why 2029 is the year of the great reset
9:57 - How past monetary resets happened (1933 & 1971)
12:58 - Both parties grow government — there's no off ramp
21:52 - Currency debasement & the real wage collapse
35:50 - Is there any way to stop the crisis?
42:53 - Warren Buffett's 20 years of mistakes
51:43 - The permanent portfolio explained
1:01:28 - How to price gold vs. bitcoin
1:06:39 - Bitcoin's biggest mispricing in a decade
1:10:16 - Why Timber belongs in your portfolio
1:13:42 - Honeycomb portfolio strategy & closing
🚨 BIG INTERVIEW: SPENCER PRATT JOINS ALL-IN
David Friedberg sits down with Spencer Pratt to discuss his fight to save Los Angeles.
(0:00) Spencer Pratt vs. the Machine
(3:01) Inside the Palisades Fire: Drained Reservoirs, No Sirens & Watching His House Burn on His Phone
(14:03) Why He's Running for Mayor: FireAid's $100M Scandal & the NGO Corruption Nobody Talks About
(28:10) Karen Bass at 20% & the Real State of LA: Crime, Homelessness & a City in Free Fall
(38:23) Spencer's Plan to Fix LA: Enforcing Laws, Auditing Everyone & the Billionaires Ready to Rebuild
(52:22) Hollywood, LAUSD & Small Business: What It Actually Takes to Make LA #1 Again
(56:25) The Permitting Nightmare Killing Small Business & How AI Fixes It Overnight
(1:04:22) His 8-Year Vision
@friedberg@spencerpratt
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