Showing posts with label CHAMATH PALIHAPITIYA. Show all posts
Showing posts with label CHAMATH PALIHAPITIYA. Show all posts

Thursday, February 26, 2026

DAVID FRIEDBERG: The majority of Americans do not own assets. They are net asset negative. As a result, they live off of income and they do not benefit from the de-dollarization like asset holders do and this is what is ultimately fueling populism in the United States.

 like I just don't know if there's a way of solving this fiscal problem without a functional redistribution of wealth.  And the question is can you do it violently or non-violently, and if there's a non-violent path I think that's probably the preferable path.  --David Friedberg

GUESTS

David Friedberg (the main speaker in the clip, a billionaire entrepreneur and CEO of The Production Board, known for his work in agtech and climate solutions).  David Friedberg $1.4 billion dollar net worth.  

Chamath Palihapitiya (former Facebook executive, founder of Social Capital, and investor in companies like Slack and Box).

David Sacks (co-founder of PayPal, founder of Craft Ventures, and a prominent venture capitalist involved in tech policy).

Jason Calacanis (angel investor, podcaster, and author, known for early investments in Uber and Robinhood).

TRANSCRIPT

If you own assets, like we do, the four of us, we own stocks, we own real estate, we own other assets, as the dollar devalues and everything inflates in value, our asset prices go up and we get wealthier and wealthier.   

The majority of Americans do not own assets.  They are net asset negative.  As a result, they live off of income and they do not benefit from the de-dollarization like asset holders do and this is what is ultimately fueling populism in the United States.  And the populism in the United States is what is driving socialism and the response to those behaviors is what got Donald Trump elected to some degree.  And the response to the Donald Trump actions is what's driving the civil unrest in Minnesota and other places. And I fundamentally believe that much of the unrest, the civil unrest, and ultimately the divide in this country is driven by the fact that de-dollarization, because of excess government spending, ultimately a majority of people in this country to feeling oppressed and left behind because they're seeing a few people in the country accelerate their net worth, like all of us here, and there's no way for them to catch up because if they don't actually own assets.  So I'll be honest with you guys, I'll make a confession, I was at the gym this morning on the treadmill and while I was there I was actually thinking about the wealth tax stuff that's going on in California.  And I wondered if it may be an inevitability in order to keep the United States from going into Civil War, I mean that very wholeheartedly, like I just don't know if there's a way of solving this fiscal problem without a functional redistribution of wealth.  And the question is can you do it violently or non-violently, and if there's a non-violent path I think that's probably the preferable path.

Sunday, April 6, 2025

BENNY JOHNSON: "Losing money means nothing." The Alt-Right's New Narrative Network trying to normalize you losing your money and hard assets

This is why they don't care if you lose money.  Their propaganda money will keep coming in. --Polly St George aka Amazing Polly

COLLIN RUGG,

If you can't stomach a 15% drop . . . you shouldn't be investing."  End of story. 

CHAMATH PALIHAPITIYA,  

the stock market is crashing! Trump has ruined everything!  This is the end!

Or . . . to quote the great Dave Chappelle, ". . . and hear me out when I say this . . .  you could shut the fuck up."

Polly St George explains that "Catturd, who has been on Tucker Carlson bragging about how rich he's gotten from pushing the narratives, tells ordinary people to shut up about being squeezed into financial ruin for the sake of "government efficiency."

CATTURD,

Liberals on X with $17.86 in their savings accounts, 12 credit cards maxed out at 23% interest rate, a 10-year car loan with an 18% interest rate, and a 30-year mortgage with no money down at 7.8% interest rate . . . want you to know why the self-made billionaire President's tariffs won't work, and why the richest man on the planet doesn't know how to cut waste and abuse. 

THE NEW NARRATIVE NETWORK

Distracting you while venture capitalists usher in the Great Reset.  Consider them the public relations department for billionaires' investment portfolios.  --Polly St George aka Amazing Polly