chris (33.3%)

black swan enthusiast

[Mario Nawfal @MarioNawfal]

🇺🇸 HOLOCAUST SURVIVOR TO KAMALA: YOU KNOW NOTHING ABOUT HITLER

Auschwitz survivor Jerry Warstki, 94, slams Kamala for drawing comparisons of Trump to Adolf Hitler.

“I know more about Hitler than Kamala will ever know in a thousand lifetimes.”

https://t.co/xoQfy9pgsl

[chris (33.3%) @quantdev_]

@CollinRugg My God, they have started eating their own 😅

[Collin Rugg @CollinRugg]

NEW: CNN’s Scott Jennings says Kamala Harris is a “double-threat” because she can’t think on her feet and can’t answer the expected questions.

CNN has railed on Harris after her town hall event.

Here are the top reactions:

6. Axelrod: She is word salad city.

5. Jennings: Kamala is a double threat because she can’t answer anything.

4. Jake Tapper: She spent most of the time talking about Trump.

3. Dana Bash: Kamala did not close the deal.

2. Van Jones: The word salad stuff gets on my nerves.

1. David Urban: Kamala lost a one person debate.

[George @BehizyTweets]

This North Carolina man totally nailed it when asked about why he's voting for Trump

"I find it funny that as soon as he became a Republican, he became a racist. But name me a that racist that won an NAACP award." 🔥

[Elon Musk @elonmusk]

🤨

[chris (33.3%) @quantdev_]

@MaryTilesTexas Congrats on having an open mind and drawing your own conclusions 👍

[Mary Tiles Texas @MaryTilesTexas]

I couldn't take it anymore.

The hypocrisy and manipulation are too much.

I was a liberal, and now I am reformed.

[il Donaldo Trumpo @PapiTrumpo]

WHO DID THIS???🤣🤣🤣

[TONY™ @TONYxTWO]

Kamala Harris supporter knocking on doors:

Homeowner: “F*ck Kamala Harris!”

🤣🔥🔥🔥

[Border Patrol Union - NBPC @BPUnion]

On behalf of the 16,000 men and women represented by the National Border Patrol Council, we strongly support and endorse Donald J. Trump for President of the United States.

[Bill Ackman @BillAckman]

A number of my good friends and family have been surprised about my decision to support @realDonaldTrump for president. They have been surprised because my political giving history has been mostly to Democrats, my voting registration has typically been Democrat (in NY, you must be registered to the party in order to vote in the primary, and usually the Republican candidate has no chance to win), and many of our philanthropic initiatives have supported issues that are consistent with Democratic priorities.

All of the above said, I have always considered myself to be a centrist and/or moderate, and I have voted for the candidate and supported the issues and policies that I believe are in the best interest of the country. Some have accused me of supporting Trump because doing so will somehow benefit me financially. Fortunately, I do not need any financial benefits as I and my family have well more than we need. I have also committed to give away the substantial majority of my resources at or by the time I am no longer, so I don't consider personal financial benefits in the determination of whom I support for office.

Some have suggested that I am supporting Trump because I am seeking a position in his administration. To be clear, I haven't been offered one and I wouldn't take a job in the administration (I love my job and it is the wrong time in my life to work in an administration). I will, however, do everything else I can to help the president succeed in helping our country and its citizens.

All of the above said, I am an investor who manages funds that own some of the best, principally American, businesses in the world. In a better governed and managed America, these business will do better and increase in value faster. One might therefore argue that being 'long' America is somehow a conflict, so I thought to disclose this potential 'conflict' here.

Some of my friends and family who support @KamalaHarris are ok with my supporting Trump, but don't want me to attempt to convince others to support him. Because I strongly believe that a Trump administration will be better for the country and the world than a Harris administration, I think it is important to share my thinking to the extent it helps others come to the right conclusion.

Three months ago, when I endorsed Trump on the day of the first assassination attempt, I promised to share my thinking about why I came to this conclusion in a future more detailed post. I intend to do so in possibly more than one post, with the first, this one, explaining the actions and policies of the Biden/Harris administration and Democratic Party that were the catalysts for my losing total confidence in the administration and the Party.

To be clear, my decision to vote for Trump is not an endorsement of everything he has done or will do because he is an imperfect man. Unlike a marriage or a business partnership where there are effectively unlimited alternatives, in this election, we have only two viable choices. Of the two, I believe that Trump is by far the superior candidate despite his flaws and mistakes he has made in the past.

As always, I welcome your feedback on how I could be wrong and on how the below actions and policies I outline below might actually have been good for America. I have always believed that the best way to get to the truth is to hear the best arguments on all sides of an issue.

While the 33 actions I describe below are those of the Democratic Party and the Biden/Harris administration, they are also the actions and policies that unfortunately our most aggressive adversaries would likely implement if they wanted to destroy America from within, and had the ability to take control of our leadership.

These are the 33:

(1) open the borders to millions of immigrants who were not screened for their risk to the country, dumping them into communities where the new immigrants overwhelm existing communities and the infrastructure to support the new entrants, at the expense of the historic residents,

(2) introduce economic policies and massively increase spending without regard to their impact on inflation and the consequences for low-income Americans and the increase in our deficit and national debt,

(3) withdraw from Afghanistan, abandoning our local partners and the civilians who worked alongside us in an unprepared, overnight withdrawal that led to American casualties and destroyed the lives of Afghani women and girls for generations, against the strong advice of our military leadership, and thereafter not showing appropriate respect for their loss at a memorial ceremony in their honor,

(4) introduce thousands of new and unnecessary regulations in light of the existing regulatory regime that interfere with our businesses’ ability to compete, restraining the development of desperately needed housing, infrastructure, and energy production with the associated inflationary effects,

(5) modify the bail system so that violent criminals are released without bail,

(6) destroy our street retailers and communities and promote lawlessness by making shoplifting (except above large thresholds) no longer a criminal offense,

(7) limit and/or attempt to limit or ban fracking and LNG so that U.S. energy costs increase substantially and the U.S. loses its energy independence,

(8) promote DEI ideologies that award jobs, awards, and university admissions on the basis of race, sexual identity and gender criteria, and teach our students and citizens that the world can only be understood as an unfair battle between oppressors and the oppressed, where the oppressors are only successful due to structural racism or a rigged system and the oppressed are simply victims of an unfair system and world,

(9) educate our elementary children that gender is fluid, something to be chosen by a child, and promote hormone blockers and gender reassignment surgeries to our youth without regard to the longer-term consequences to their mental and physical health, and allow biological boys and men to compete in girls and women's sports, depriving girls and women of scholarships, awards, and other opportunities that they would have rightly earned otherwise,

(10) encourage and celebrate massive protests and riots that lead to the burning and destruction of local retail and business establishments while at the same time requiring schools to be shuttered because of the risk of Covid-19 spreading during large gatherings,

(11) encourage and celebrate anti-American and anti-Israel protests and flag burning on campuses around the country with no consequences for the protesters who violate laws or university codes and policies,

(12) allow antisemitism to explode with no serious efforts from the administration to quell this hatred,

(13) mandate vaccines that have not been adequately tested nor have their risks been properly considered compared with the potential benefits adjusted for the age and health of the individual, censoring the contrary advice of top scientists around the world,

(14) shut down free speech in media and on social media platforms that is inconsistent with government policies and objectives,

(15) use the U.S., state, and local legal systems to attack and attempt to jail, take off the campaign trail, and/or massively fine candidates for the presidency without regard to the merits or precedential issues of the case,

(16) seek to defund the police and promote anti-police rhetoric causing a loss of confidence in those who are charged with protecting us,

(17) use government funds to subsidize auto companies and internet providers with vastly more expensive, dated and/or lower-quality technology when greatly superior and cheaper alternatives are available from companies that are owned and/or managed by individuals not favored by the current administration,

(18) mandate in legislation and otherwise government solutions to problems when the private sector can do a vastly better, faster, and cheaper job,

(19) seek to ban gas-powered cars and stoves without regard to the economic and practical consequences of doing so,

(20) take no serious actions when 45 American citizens are killed by terrorists and 12 are taken hostage,

(21) hold back armaments and weaponry from our most important ally in the Middle East in the midst of their hostage negotiations, hostages who include American citizens who have now been held for more than one year,

(22) eliminate sanctions on one of our most dangerous enemies enabling them to generate $150 billion+ of cash reserves from oil sales, which they can then use to fund terrorist proxy organizations who attack us and our allies. Exchange five American hostages held by Iran for five Iranians plus $6 billion of cash in the worst hostage negotiation in history setting a disastrous and dangerous precedent,

(23) remove known terrorist organizations from the terrorist list so we can provide aid to their people, and allow them to shoot rockets at U.S. assets and military bases with little if any military response from us,

(24) lie to the American people about the cognitive health of the president and accuse those who provide video evidence of his decline of sharing doctored videos and being right wing conspirators,

(25) do nothing about the deteriorating health of our citizens driven by the food industrial complex, the fraudulent USDA food pyramid, and the inclusion of ingredients in our food that are banned by other countries around the world which are more protective of their citizens,

(26) do nothing about the proliferation of new vaccines that are not properly analyzed for their risk versus the potential benefit for healthy children who are mandated to receive them,

(27) do nothing about the continued exemption from liability for the pharma industry that has led to a proliferation of mandatory vaccines for children without considering the potential cumulative effects of the now mandated 72-shot regime,

(28) convince our minority youth that they are victims of a rigged system and that the American dream is not available to them,

(29) fail to provide adequate Secret Service protection for alternative presidential candidates,

(30) litigate to prevent alternative candidates from getting on the ballot, and take other anti-competitive steps including threatening political consultants who wish to work for alternative candidates for the presidency, and limit the potential media access for other candidates by threatening the networks' future access to the administration and access to 'scoops' if they platform an alternative candidate,

(31) select the Democratic nominee for president in a backroom process by undisclosed party leaders without allowing Americans to choose between candidates in an open primary,

(32) choose an inferior candidate for the presidency when other much more qualified candidates are available and interested to serve,

(33) litigate to make it illegal for states to require proof of citizenship, voter ID, and/or residence in order to vote at a time when many Americans have lost confidence in the accuracy and trustworthiness of our voting system.

I welcome your thoughts.

[Ron Rule @ronrule]

How did we get from the 90’s to here?

People got along, nobody cared about race, life was affordable, entertainment wasn’t laced with agendas, wealth was something to aspire to not scoff at, and divisive politics hadn’t permeated everything.

The world was better. What happened?

[chris (33.3%) @quantdev_]

@elonmusk Study the Chicago School of Economics

[Elon Musk @elonmusk]

💯
https://t.co/lrfyLK3ID9

[chris (33.3%) @quantdev_]

@GinoTheGhost Nothing better than an Aeron. It’s worth the time getting fitted for the right size 👍

[Chamath Palihapitiya @chamath]

It may not feel this way at times, with so much political hyperpolarization, but the US is on the verge of a modern renaissance. It just needs the resolve to finish the job:

1) The marginal cost of energy is going to zero in the US. Residential solar + abundant industrial domestic hydrocarbons is creating a level of self reliance and oversupply that will be applied to all manner of hard problems where energy is a key and costly input. As the marginal cost of energy approaches zero, it will help domestic industries overcome the labor arbitrage that currently benefits other countries. American industry will thrive.

2) The marginal cost of computation is going to zero. AI will help get us there and the US is the clear leader. We are still in the early phases of this and still sorting through some premature excesses but the trend is obvious and along with (1), gives American companies the potential to rewrite our economy and then export the best of it to the rest of the world.

3) The end of cancel culture/wokeness and a rebirth of free speech are allowing all manner of people to highlight, without fear of retribution, that there are really only a few things that matter to everyone. It doesn’t mean that the myriad other issues don’t matter, just that they have their place and time.

I’ve never been more excited about the future in America. These things will happen over the next few years and they will benefit a broad cross section of our society.

Let’s finish the job. 💪🏽

[chris (33.3%) @quantdev_]

@chamath Well said 🤝

[Bill Ackman @BillAckman]

I find it notable that @GovTimWalz was selected over @GovernorShapiro despite his importance to winning the PA vote, hours/days before Iran attacks Israel. Not a good look for the Democratic Party.

The timing and this decision are reminiscent of the @JoeBiden administration leaking to the media that the U.S. is withholding weapons from Israel in the middle of a hostage negotiation.

@KamalaHarris and the Democratic Party have made it eminently clear that they believe that they will earn more votes by supporting Israel’s enemies than its supporters.

I encourage you to vote accordingly.

[chris (33.3%) @quantdev_]

@cryptofrog08 @kevindegods @redactedcoin @PGgroup_ @shanicucic96 @Sakattacking @Kemuri_eth @JirasanOfficial @DeGodsNFT 😭😭😭😭

[The All-In Podcast @theallinpod]

The All-In Crystal Ball

The Mag 7 were holding the stock market on their shoulders.

Now, that group has cracked and the market is in a free fall.

If you've been listening to All-In, you saw this coming.

Let's walk through it:

1) Berkshire Sours on Apple: Chamath's Analysis of Buffett's Annual Letter

@chamath on March 8th: "You can tell when (Warren) Buffett has gotten disengaged with a company based on the number of times he mentions it in his annual letter."

"I think this 'Buffett Index' is a really important one for Apple, which is, it went from a forever holding to barely getting mentioned."

"Unfortunately, it speaks for a very bad next 5-10 years for this company unless they figure something out."

2) The AI Bubble: Massive Spend with No Revenue = Recipe for Disaster

@chamath on May 31st: "If you do not start seeing revenue flow to the bottom line of these companies that are spending $26B/quarter, the market cap of Nvidia is not what the market cap of Nvidia should be."

"And all of these other companies are going to get punished for spending this kind of money."

"Where are all these newfangled things that we're supposed to see that justifies the $100B of chips spend/year, $200B of energy spend, $100B of all this other stuff?"

"And we've seen nothing to show for it except that you can mimic somebody's voice. It doesn't all hang together yet."

3) The Underlying Recession: The Mag 7 Shielded the Market from a Bad Economy… Until They Didn’t

@chamath on July 12th: "I think the bigger question, though, is if we are on the verge of a real contraction in the economy."

"Even though the stock market for seven companies is hitting all-time highs, the stock market for every other company that isn't those seven companies have not."

"People are unemployed, there is no money, and the question is whether you have some sort of contraction economically that is measured by a recession or not."

"People have been tracking the S&P 500 Index versus the equal-weighted index."

"And what's interesting is the spread right now is the most extreme since March of 2000 right before dot-com crash"