Oof…you a Steven Crowder fan? He sure imploded didn’t he?

Not a good look as an anti gay anti “groomer” hateful extreme right personality to require your employees to sign something that says they must touch his balls and he may touch theirs…including a $100000 NDA penalty if they talk about it.
4 employees walked, then talked.
He then hired a replacement, Spadone, who was fired from his last job at project veritas for groping coworkers. 😂

We love watching the MAGA hate fail. It’s always entertaining.

More grooming, more sexual harassment, more hiring known sex abusers. What else is MAGA today besides a gang of whining fascist rapists most under indictment for sedition, espionage, business frauds, or vote fraud (or all 4)? I don’t see anything else. 😂

EV market share exploding (duh!), Tesla share imploding (double duh!).

the democrats can sit on their hands and still win because republicants are imploding their party with stupidity. trump will either be behind bars or will have completely lost whatever shred of credibility he had remaining by 2024. democrats will be juuuuust fine my boy, dont you worry.

Bob, please read this carefully. I know we fuck around a lot here, but I 100% honestly don't want to see you get hurt financially.

Obviously, if you believe in TSLA, I understand you putting your money where your mouth is (full disclosure: I'm holding POTX and CURLF, so I'm on the same page with what I'm saying on this) but PLEASE don't bet money you don't have on TSLA.

“At 10-times revenues, to give you a 10-year payback (P/E 10, my note), I must pay you 100% of revenues for 10-straight years in dividends. That assumes I can get that by my shareholders. It also assumes I have zero cost of goods sold, which is very hard for a computer company.

That assumes zero expenses, which is hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that expects you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10-years, I can maintain the current revenue run rate.

Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those underlying assumptions are? You don’t need any transparency. You don’t need any footnotes.

What were you thinking?”

-- Scott McNealy was the CEO of Sun Microsystems
2002

At the peak of the Dot-Com, roughly 30 stocks in the NASDAQ 100 traded above 10 P/E. Today ALL stocks in the DAQ do: the average P/E is ~25.5.

TSLA is at a P/E of 175.

There is no American economy. There hasn't been since since October 3 of 2008. Things got catastrophically worse on September 17th of 2019 when the repo market came within hours of completely locking up in a catastrophe that would have made AIG look like a rounding error. The Fed was forced to firehose astronomical amounts of money into the system to keep this from happening and this was before Covid.

In Jan of 2021, there was $2.6 TRILLION in Zombie Debt out there. That's $2.6 TRILLION on the verge of default at 2021 interest rates. The Fed is now in a horrific position: raise rates and watch massive defaults explode like financial nukes, or keep rates steady and watch inflation implode the economy.

People don't understand how bad this is and how much worse it can get. If the Fed has to raise rates by 500 BP -- and Christ fucking help us if they do -- the first order defaults will be the worst in Capitalist history and the second and third order effects could very well be the nightmare scenario we came within 36 hours of in 2008.

Save your money, Bob. Cash is king. And fuck BTC.

watching this party (and bewbs333) implode on itself makes me so happy

I am thoroughly enjoying watching the Republican party implode.

https://thehill.com/homenews/state-watch/538199-nearly-140000-voters-left-gop-in-25-states-in-january

In some of those states, Republicans barely lost and now the margins are even bigger. Bob is crushing his own party with crazy after crazy thought and its delicious. Their tears are so yummy.

watching the republican party implode and large numbers of people leave the party is like sunshine. they've lost any level of credibility at this point and they are assuring democrats will remain in control for a long long time.

Newt,

This is in response to your comment on my statement about Biden needing to lose in '20.

I recently wrote this as a reply to one of my readers (I write under a number of different names in other places).:

Dear <name>,

>I took some time to absorb what you wrote. It's a lot to juggle. The Atlantic has an article in the July-August issue on the worst and best case scenario in CLO defaults. I'll read more.

I read the article you mentioned, and while it's certainly good, it also misses a very important point that explains the mess we're in: the collapse of Lehman and Bear-Stearns, while catastrophic in their own ways, were not the nightmare that caused the Fed to freak out in 2008 -- AIG was. Had AIG gone under and the counterparty default contracts triggered, we'd be on the barter system right now. We came within hours of not having an economy in the western world. The $700b ($.7t) the Fed coughed up to stop this from happening calmed the panic, but did nothing to resolve the underlying issues. These issues continued to compound during the 2011-2020 stock run-up and now we're at the point where the Fed is throwing trillions of dollars at every piece of bad debt they can find just to keep the whole thing from imploding into an economic black hole. It is important to note that in September '19, the credit markets started freezing because of the debt that was already on the books then, -before- CV-19 started rolling, and it took $3t just to get them unlocked again. Absolutely nothing has gotten better since then, and I would argue things have gotten dangerously worse.

In an odd coincidence, the NYT ran an article today about the looming bankruptcy crisis. They're calling for 30-60 days before things start imploding, but I'll stick to my estimate of ~90 days. There's some talk about extending the $600 benefits (we'll see) and chatter about another stimulus check, but that's kicking the can as well as telegraphing how bad things really are. When the Republicans are getting behind free money, you know we're in some uncharted territory. For all intents and purposes, Modern Monetary Theory (MMT) -- the reason the Fed is backstopping debt and printing money like crazy -- is the hill the US economy will live or die on. Should the US dollar come unpegged as the world's de facto currency or should inflation begin (and there's already worrying signs this is happening), that's game over.

Please don't take anything I say as the Word of God; please do your own research and come to your own conclusions. Everything I've said is an opinion based on my education, experience and way of thinking. Your mileage may vary.

Here is the article I mentioned: https://www.nytimes.com/2020/06/18/business/corporate-bankruptcy-coronavirus.html -- might be paywalled, but clear your cookies for the NYT and you should be able to read it.


>Frankly, it's the physical danger in my area of the States that concerns me. There are the guns and bullying. During some BLM demonstrations in the Midwest, locals were standing around with semi-automatics. I drive a Prius for the fuel efficiency. Pick up trucks enjoy tailgating, trying to intimidate me. This behavior isn't going to change with a change of President but will get worse is we don't change. This ideological push to takeover the country instead of ruling by compromise started around the same time we came to the US in 1981, Reagan's first year. I was so shocked when I heard talk radio for the first time; this wasn't the country I had left in the 1970s.


And now we come to the giant pile of sweaty dynamite that's just waiting for the right shock to set it off. I could give you a prolonged lecture about how this all started in 1978 with California's Proposition 13, or how David Stockman's tragically prescient warnings were blatantly ignored, but Haynes Johnson does a far better job at this than I ever could in his 1991 book "Sleepwalking Through History", as does Kevin Phillips in 2006's "American Theocracy". Honestly, at this point, the prelude is academic. The reality of the situation is that a large swath of adult Americans are appalling ill-educated, innumerate and devoid of even the most basic critical-thinking skills. These people are now locked out of the Information Economy. They lack the most basic skills required to compete in the 21st century job market and thus will watch their standard of living sink into the abyss. These people are not blind to this fact because they're living with the reality of their situation every single day. They're totally without hope, cut off from all avenues of control over their own lives and they feel utterly abandoned by the very people who're supposed to be helping them. The reason you're seeing bullying and behavior like that is because these same people are totally removed from any avenues of recourse and the only people they can take their anger out on are people like you and me. Their anger is being stoked on a daily basis. FOX News and the GOP are experts at this and have a host of boogeymen to keep the anger from being pointed their way: ANTIFA, BLM (black Americans have always made a perfect target), "coastal elites" and, of course, Liberals.

Trump's election was a warning, not an outlier. Trump was the primal scream of these people and Liberals and the Democrats as a whole chose not to listen because they found the sound so abhorrent. The rage will only get worse and the number of people enveloped by this rage will only grow as economic conditions worsen. At this point, it no longer matters who wins in '20. Winning the election will be like winning the deed to the World Trade Center one second after the first jet hit. The damage has already been done and no steps are being taken to repair it; if anything, people are actively making it worse either through ideological blindness, deliberate malfeasance or outright stupidity. It took almost 50 years to get to this point and the endemic issues will not be undone in a single generation, much less a single election. Until the people who voted for Trump feel a sense of real hope, a sense of control over their lives and a genuine expectation of recourse for their grievances, they will keep right on voting for Trump, or people like him.

My unfortunate suspicion is that this country will rip itself to shreds long before those reforms are enacted.

Side note: the fundamental difference between the United States and Europe is that European history has forced the nations of Europe to live with the consequences of their actions. Not so the United States. Europe has suffered for her sins. Not so the United States. The two bloodiest wars in human history were fought on European soil. Not so the United States. The United States has never faced true suffering, nor has it ever had to live with the ramifications of its own actions. Both these facts are about to change and a nation whose character is built on a mythology of individual action and violence is going to have to face reality. The people of this nation are not prepared for this and they will not like it.

Second side note: many people are erroneously comparing the current situation to the Wiemar Republic. This is a lack of historical understanding. A more apt comparison would be to Spain in late 1935.


>As for re-opening, we could have gotten some control if the "leader" had simply donned a mask and used realistic thinking. People could go back to work more safely, wash hands, stay a certain distance. But his hubris led the way, so now we'll have a roller coaster for months and years that will affect the economy even more. France is a good comparison because they were unprepared also, having slashed the public healthcare budget for the last twenty years. But when they laid down the rules, troops patrolled the streets to be sure they were followed. So far, they've flattened the curve (for now), and used different economic incentives, such as paying part of employees' salaries to keep them employed.

At this point, the pace of re-opening is a difference between very bad and much worse. Had $3t been used to pay the yearly salary of every American, we could have saved lives and the economy, but we didn't. The history of 2020 will be littered with "what-ifs". However, the first thing you learn when studying history is that what-ifs are useless because things are what they are and you can't change that. It's already obvious we're going into a second wave. If previous pandemics are any indication of what's to come, this second wave will be many times worse than the first. The wait for a vaccine is indeterminate, but if we're going for herd immunity, ~70% of Americans will need to catch the virus. To date, ~1.5% have. If the US population is ~330 million, ~230 million will need to catch the virus. Call the mortality rate 2%, that means ~4.6 million Americans will die. That's a lot of dead Americans and grieving families.

Take care,

(my actual name)

American presedential candidates are two senile old men, where one of the doesn't even know where he is half of the time. The funny part is that could describe either of them lol. Who would have thought the modern rome imploding could be so entertaining to watch. Keep it up guys, your doing great...

Newt, you've already lost.

You didn't lose with Trump in 2016, but with California's Prop 13 in 1978.

The goal of the Neocon movement was to decimate American public education because they knew that an educated population would never vote for the kind of shit they were selling, and because teachers (being educated and all) were a powerful Democratic voting block. Defunding public education was a win/win for them.

It worked beautifully.

The teacher's unions were starved. Public schooling imploded. We went from the most educated populace in the world to the point where 50% of the population can't find their own country on a map.

Then the real screw-job started with the wealth transfer. Unions were busted, jobs were moved overseas. The safety net that kept millions from abject poverty was dissolved ("welfare queens", "food-stamp cheats"). The Middle Class began to evaporate with about 10% climbing up the ladder and the rest being dumped into the street.

For people like me -- people with high-end skills and a college degree -- that shit worked out great. But people who aren't as lucky? Kinda sucks being them. So they got madder and madder. Luckily, there were dark-skinned people that this rage could be directed at. That good ol' American racism? That shit pays dividends if you play it the right way.

Now you have an increasing number of poorly educated people living in poverty with grievances. Hey, guess what -- we have a new tool to focus all that anger and it's called FOX News! They can show you whose dastardly plan it was to keep your poor, white self down on the farm while those FUCKING LIBERALS live it up in the cities!

Lather, rinse, repeat.

See Newt, people like Bob aren't an anomaly, they're the intended end result of a very well-conceived long-term plan by extraordinarily smart people who understood Chomsky, Orwell and Lasker better than you ever will. Bob is now the norm and you are the exception.

Go ahead and vote in Biden or Warren or even Sanders: it doesn't fucking matter because you can't vote out entrenched stupid. No matter who is sitting at 1600 Penn Ave, Bob is sitting in front of his computer, seething and being stupid. He's not going anywhere. He's not going to see things differently and he's damned well not going to get any smarter.

There's a shit-ton of Bobs in this country and their numbers are growing daily. What're you going to do with them? Put 'em in a camp somewhere? Shoot 'em? You cannot have Bobs and the America you want. That leaves you with exactly two choices: you pick up your gun and shoot them, or you pick up your passport and leave. It's one or the other. You might not like the taste of this shit sandwich, but you're going to eat it whether you like it or not.

Also, you think Bob's a little kooky? Go visit 4chan's /pol/, visit whatever 8chan became, visit the comments section of Zero Hedge, read the comments on FOX's YouTube videos: those motherfuckers make Bob look like a goddamn bastion of rationality. Those people, the ones who're yelling at their screens and pounding out febrile screeds? They're armed. They hate you. They want to kill you. The only reason they haven't is because they haven't reached critical mass yet. Give them a couple of years of post-Covid economic collapse and they'll get there.

I'll never forget the most important lesson a Holocaust Survivor taught me: "The smart Jews left first".

Good luck; see you in Lyon.

1. Even though I definitively know the world is beyond fucked at this point, I still think the scientists are not doing themselves any favours by making these "probably" scenarios rather than almost definite ones. As said, even though in some ways I'm looking forward to when the shit starts hitting the fan, I've lost faith in knowing when it'll actually start happening. It seems like every other week I'm told that "soon it'll really start to go all to shit". And it never really does, especially for 1st world countries.

2. Great Filter, Humanity. Humanity, Great Filter. Nice to meet you.

3. I'm beginning to want to start a pot of which terrible thing will happen first to 1st world countries (sadly, the beginning will be poor countries getting fucked and 1st world countries complaining that it now costs $30 for a single banana). Super bugs and catastrophic pandemics (maybe measles!)? Climate change? Nuclear war? Massive migrations of refugees who can't live where they are due to climate change or war? Water shortages? Wealth inequality that will implode on itself? There are so many terrible things on the precipice of happening that I don't even know what I'd bet on, honestly.

The whole point is to delay things, and mess up Obamacare so they can say, "see we told you it was imploding in on itself". Then they'll actually get around to passing whatever it is they plan on doing, but this delay tactic is just to cause the insurance industry to abandon Obamacare.

Also, Trump's and Republican's glee at untold number of people loosing their insurance during this chaos is sickening... Not that Republican's actually care about people other themselves...

Since the Giants have imploded ive been pulling for you guys to take the division and stomp the Dodgers.

Yeah, Fox is the bastion of fairness and balance.......and the sky is a lovely shade of green. Edit: Fox can't even stop claiming Clinton/DNC murdered a man over leaks the Russians made, the best they can do is pause while indicating the story is still true but out of respect/bowing to pressure they'll stop covering it for now.

He originally claimed he never touched the man, even though he knew the Fox reporter saw him. The only sane conclusion is he expected them to go along with his lie because he's Republican.

That's not what I read, both before and after the attack. The point is, this is not acceptable behaviour, and that made little difference because 1)early voting before it happened and 2) Republicans will vote for any frothing idiot if they just put an (R) in front of their name.

Nope, not kidding. They elected Trump, a womanizing, racist, classist, classless, serial philanderer, proud liar and deceiver, falsely pious, groper, repeatedly failed businessman that never reads the contracts he signs who is the worst kind of partisan con man. 8 years of hating Obama screwed with your heads. You're so incredibly deluded you still think Trump is winning big time. You probably repeated the bullshit about child slave pizza, you buy into every other insane conspiracy theory Alex Jones dreams up. Who promotes the worst again? You know, like baseless accusations of murder and child slavery being repeated for months on national tv? Like frothing rage over Benghazzi, but total head in the sand over Trump's imploding administration and his Russian ties involving every person in his administration it seems, all angrily lying about it until recordings surface then going silent? Yeah, using an unsecured email server, that's much worse than just telling our enemies state and intelligence secrets and leaking far more while creating enemies of the press and intelligence community (both ours and our allies). Worse than setting up a secret communication channel through the Russian consulate because you don't trust American intelligence agencies but do trust Russia? Much worse. Lock her up...Lock her up....Lock her up.

Democrats represented more Americans than Republicans if you go by votes...so if one party represents Americans and the other doesn't, you have it backwards. (Truth be told neither represent their constituents, but democrats come closer).

I think that by standing with Hillary instead of with Bernie, she signaled that she's willing to play ball with the party establishment that Hillary was a product of. That is, a party that would prop up a candidate who would "say anything, and change nothing," and govern for corporations and the wealthy, etc.

The Democratic Party imploding in on itself over Bernie's popularity was a major factor in getting Trump elected. In a way, Trump could never have become president without Hillary....

I really like Warren, but I worry that the DNC would neuter everything they can from what she's stood for and spoken out about during her political career; I worry that they would make her words hollow.