@kingthies I’ll take the 4,700% with the confidence and peace of mind that comes with Sandusky over any crypto..even if the upside of that crypto is higher. I would love to take the crypto trade here, but wouldn’t.
@BernieSanders what key points in your proposal give the workers the most power, protection, and authority to be true “owners” of plans like these. Not a plan that makes the workers pay for the buildout, but get shafted down the road?
JD Vance just admitted the White House plan is to take ownership of every major AI company in America.
Steven Bartlett brought up Bernie Sanders' proposal that workers should own 50% of the major AI companies.
Vance's response: "The president by the way likes that idea too. He likes that idea."
Trump's preferred mechanism, Vance said, is a sovereign wealth fund where the US government takes equity stakes in private AI companies.
The Vice President literally just confirmed that an administration is planning the most radical economic policy proposed in modern American history. Partial nationalization of the MOST valuable private companies on earth. And the idea originally came from Bernie Sanders, who Vance said Trump agrees with on this point.
This is not a small thing:
The US has spent 80 years selling the world on the model where private companies stay private and the government stays off the cap table.
The countries that did the opposite, with sovereign wealth funds owning slices of their biggest firms, are Norway, Saudi Arabia, China, and Singapore. And the Trump administration told you on a podcast it wants to do the same to Silicon Valley.
But the reasoning Vance gave for it is where it gets really interesting...
He said the historical analogy that scares him is the original Industrial Revolution. His own words:
"Rich people got way richer. And that led to in Europe fascism and communism."
He believes AI will not cause mass unemployment but mass inequality, and that mass inequality is what breaks societies. His fix is that workers need a seat at the bargaining table before the wealth gets created, not a redistribution check after.
"I think labor unions are a very important model here."
And the other thing about AI that scares him is surveillance. His exact phrase was that AI is "fundamentally a communist technology" because it lets governments and corporations watch and score people in ways NOTHING else can.
He said he doesn't want a social credit system, doesn't want a tech CEO deciding whether you can buy a beer based on an algorithm nobody understands, and is afraid of exactly that outcome.
So here is the full picture:
The sitting Republican administration believes AI will make the rich dramatically richer, that this will radicalize the country the way the Industrial Revolution radicalized Europe, that the answer is government equity stakes plus stronger labor unions, and that the second-biggest threat is the surveillance state these companies are building.
That is not a Republican worldview. That is not even a Democratic worldview.
This is a worldview that has no political home in the United States right now.
Most people are still arguing about whether ChatGPT will take their jobs. But the people with the actual power are already past that argument.
They are quietly designing the framework for owning the companies that will.
The craziest part is how casually Vance dropped it as a sidenote on a podcast millions will half-listen to in the background.
If you have money in OpenAI, Anthropic, or anything like that, you should be watching the full thing yourself.
What do you think?
“More technology, more opportunity.”
There’s a correlation between the increase is technologies you can apply to a data set and the opportunity to provide solutions that further capitalize that data set. Whether we’re talking about personal, geographical, financial data.
@fintechfrank Amy’s stock is rising fast! When is the video dropping? Great work and coverage by @fintechfrank on the sweeping changes in the industry.
🚨 BONUS @TokenizedPod! 🚨
@HadickM is joined by:
👉 Amy Oldenburg, Head of Digital Asset Strategy, @MorganStanley
To discuss:
🧠 Morgan Stanley digital asset strategy defined
📈 Emerging markets analogy for crypto adoption
💥 Breaking front office vs back office bias
🤝 ETF trading and wealth management integration
🏗️ Price pullbacks help product development
📃 OCC charter for digital asset custody
📊 Tokenized equities and dark pool plans
🔮 Prediction markets and institutional interest
🥊 Build vs partner for crypto infrastructure
***
Timestamps:
00:00 Introduction
1:06 Morgan Stanley digital asset strategy defined
2:54 Emerging markets analogy for crypto adoption
5:26 Breaking front office vs back office bias
7:46 ETF trading and wealth management integration
13:24 Price pullbacks help product development
16:52 OCC charter for digital asset custody
19:51 Tokenized equities and dark pool plans
23:22 Prediction markets and institutional interest
25:42 Build vs partner for crypto infrastructure
***
👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈
@GrantCardone Work life balance has always existed. It’s not a fascination, it’s a decent way to live.
I presume you agree that the elite classes can enjoy a work-life balance, but the working classes cannot?
@asaio87 It’s a failure of imagination, effort, and grit by leadership to see through an enormous transformation. It’s the easy way out; the capitalist playbook; layoff, then hire new. Bring in new skills now that the future direction is clear at a lower cost.
@jack@blocks So now that we’re not “creating jobs” are companies going to start paying their fair share of taxes? Or will they continue to evade taxes and be subsidized for “creating jobs”?
It’s not just about @blocks, but also the hundreds of other companies that follow this president.
@Megatron_ron Can someone explain to this man that all companies need to do is pay more and people will work more. Period. But this is being framed as a patriotic manipulation to work harder for the same compensation.
NEW:
🇩🇪🇨🇳 German Chancellor Merz says Germans need to work more in order to match China:
“We are simply no longer productive enough. Each individual may say, “I already do quite a lot.” And that may be true.
But when you return from China, ladies and gentlemen, you see things more clearly.
With work-life balance and a four-day week, long-term prosperity in our country cannot be maintained. We will simply have to do a bit more.”