sure wish I had a time machine back in 2021 so I could show all the waffling Dems elites and Merrick Garland why Trump must not be allowed to run again. this is what you get
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We're all having our pretty heads turned by the evil, nefarious MoveOn. We are far too stupid to understand all this politickin' stuff, so I am thankful I have a MoveOn handler to tell me what i should think about all this.
no surprise that the gradual rise of total legal impunity for rich people would eventually produce Trump and Musk. they were taught over and over that the rules don't apply and they can do whatever they want, up to and including an attempted putsch. in that case why not play for all the marbles?
I think Enron was the last time elites saw any real repercussions for crimes. After that they decided for the rest of us that impunity for themselves was the way forward.
That is of course unless you steal from other elites like Madoff or SBF did. Then you pay a price
it's not greed, it's cowardice. Elon, who seems to be out of his gourd on high grade substances, quite plausibly could obliterate the entire global financial system. but capital is either behind him or going "uhh buhh guhh duhh" https://bsky.app/profile/dissestablishment.bsky.social/post/3lhybgvkhzc2x
More just fervently hoping that they can pretend nothing is wrong and Elon just won't pull the wrong wire. Bond markets are very strong but very brittle. They can take a lot of punishment but when they go they go all at once.
We joke about "pulling out the wires" but he really is fucking with the plumbing for the global financial system - for no good plausible reason! Eliminating FDIC! Fucking with the treasury payment system and USD as the global reserve currency! He could make it all collapse! He's so stupid!
Perhaps, but I have trouble imagining how man can become president of the United States while being stupid. he may not be SAT smart, but he’s definitely cult leader smart.
This is exactly the felon’s plan. It was bannon’s plan in 2014 and on. They just didn’t know where all the levers were until now. Global economic chaos and collapse beginning with the trial balloons of Canada and Mexico.
It’s BIZARRE to me that they are not already like “Wait! Wtf exactly are you guys doing here??” (except less politely than that) For a bunch who are obsessed pretty much exclusively with markets and predicting them, they seem weirdly cavalier about the ongoing and impending chaos
very telling that Andreessen Horowitz funded a "not bank" bank called Synapse as an explicit end run around FDIC, and it quickly suffered a 1920s style bank run and imploded, and that made Marc Andreessen volcanically furious at the entire financial regulatory structure https://bsky.app/profile/jarekfa.bsky.social/post/3lhybvth77c25
These guys stand to lose their fortunes if the dollar collapses. I can't believe they are that dumb, but apparently they are. It would be a small comfort to witness, among the rest of the chaos.
They've got used to impunity and they've forgotten it's only from the law, not, from, like, the global financial markets or climate breakdown or war or terrorism or people getting *really angry* (which is how the law is supposed to protect them in the first place)
Andreessen Horowitz a key funder of Musk's xAI. They've been building their facility in Memphis at an alarming pace with portable gas turbines polluting the air. Water needy. No transparency, lots of NDA's. City Council members left in the dark. Watch 2/18 Council Meeting. Possible rebellion.
Wild that Synapse was built to solve the most minimal of banking requirements: "Frustrated by his own experience of not being able to open a bank account without showing up in person", and ended up as a bank run where people lost hundreds of thousands of dollars (which Andreessen could have covered)
My understanding is they tried to build their own deposit ledger and massively *fucked it up*. Didn’t know who the deposits belonged to! Sure, let these type of guys mess around w the govt payments system lol
My perspective from 27 years in finance/private equity. Capital is also arrogant & thinks they are the smartest people in the world. Particularly Wall Street crowd. They cannot wrap their heads around the fact they were duped/wrong. It may take cataclysm for them to recognize what they have done.
Plus also the blind spot inherent in sociopathy — “I got mine, so that’s all that matters” — which completely ignores that even the most monstrously selfish person’s well-being is dependent on innumerable systems of support (maintained by other actual people, or nature itself!) which they overlook.
Republicans win either way. They want the government ripped apart and it's not like they can go against Trump. They're probably assuming either way this will be fine for them.
I sure wish you'd had one too, though it should have been unneeded even then. It was obvious to even the most casual observer (me) that depending on the structural edifices of government that we'd all been taught to piously believe in was NOT GONNA WORK when it came to Trump & Co. – and they're not.
This was one of the bizarre things about Garland. Issuing a special counsel report calling the president you work for old with a bad memory isn’t a norm.
Prosecuting the sitting president’s son for late taxes isn’t a norm.
eh since at least 2000 the unspoken norm in DC is that Republican elites are allowed to get away with infinite crimes; which is the norm Biden was pledging to respect when he leaked this about staffing DOJ to look the other way on all trump/R criming
Even if you did have a time machine for those losers, I'm still not convinced they'd have done anything differently, such is the level of their cowardice and utter laziness.
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Now we know Musk owns our 💵 printing machine
That is of course unless you steal from other elites like Madoff or SBF did. Then you pay a price
Versus Mr Market relies on government printed dollars
Prosecuting the sitting president’s son for late taxes isn’t a norm.
https://www.nbcnews.com/politics/justice-department/president-elect-biden-wary-trump-focused-investigations-sources-say-n1247959