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Billionaire Silicon Valley VC Says "F**k You" To The "Rich Kids Who Want To Tear Down Capitalism"

Authored by Alexander Pan via TheBrag.com, Executive board member of the NBA’s Golden State Warriors and CEO of Social Capital, Chamath Palihapitiya has said “fuck you” to every rich millennial on a trust fund attacking capitalism and claiming they’re socialists.  Appearing on the All-In Podcast alongside Jason Calacanis, David Sacks, and David Friedberg, the quartet got to…

Is The Globalist "Reset" Failing? The Elites May Have Overplayed Their Hand

Authored by Brandon Smith via Alt-Market.us, One aspect of narcopaths (narcissistic sociopaths) that is important to remember is that they live in their own little world in which their desires and bizarre dysfunctions are normalized. They believe themselves superior to most people because they are predatory, and don’t suffer from annoying hang-ups like empathy and…

Weedmaps To Go Public Through $1.5 Billion Merger

Weedmaps, a popular website where users can learn about different strains of marijuana and locate local dispensaries, has agreed to go public by merging with Silver Spike Acquisition Corp. in a deal which values the webstie at approximately $1.5 billion, according to Reuters – which adds that it’s a “rare example of a business focused…

Citadel Makes Over $1 Billion Trading Commodities In 2020

It’s not just J PMorgan that made a $1 billion trading commodities, at roughly the same time that it paid a record $1 billion fee for manipulating the gold market: Ken Griffin’s Citadel, where Ben Bernanke is a senior advisor, also had a great year in the sector with Reuters reporting that Citadel’s investments in…

FDA Panel Recommends Approval Of Pfizer/BioNTech COVID Vaccine

After an unprecedentedly short period from inception to trial to results, Pfizer/BioNTech’s mRNA COVID vaccine has just been approved (after an all-day meeting) by the Food and Drug Administration Advisory panel for emergency use in the US. This was the question to be voted on… Notably there was a lot of argument about removing the…

Will COVID Cool Millennials' Crush On Socialism?

Authored by Luka Ladan via RealClearPolitics.com, As the 2020 election dust settles, one thing is clear: Republicans have a youth problem. Sixty percent of voters under 30 supported President-elect Joe Biden, who will become the oldest U.S. president in history. However, Biden’s election is only the tip of an iceberg: In today’s America, 70% of people my…

Lessons Learned: One Man's Personal Story From The Collapse Of The Soviet Union

Authored by Simon Black via SovereignMan.com, [Editor’s note: Marat K, one of our team members who grew up during the collapse of the Soviet Union, tells the story of his own experiences during that period.] When I was a kid growing up in the Soviet Union, it was essentially forbidden to make a better life…

Tempering Exuberance: Market Signals Over Market Noise

by Tyler Durden Thursday, Dec 10, 2020 – 18:25 Real Vision managing editor Ed Harrison joins Tommy Thornton, founder of Hedge Fund Telemetry, to discuss the market exuberance around this week’s IPOs, DeMark indicators, and his forward outlook. Thornton elaborates on why the speculative bubble surrounding the IPOs for DoorDash and Airbnb is worrisome and…

After Duke's 2-2 Start, Coach Krzyzewski Says Its Time To End The Season Due To COVID

At a time when the country is literally days away from getting a vaccine and most sports – including the NBA, NHL, NFL and MLB have forged ahead with their seasons and/or have plans to forge ahead close to normal in 2021 – Duke university Coach Mike Krzyzewski appears to be throwing in the towel on…

Shipping Container Shortages In China Crimp Exports To West 

No one predicted that the shipping container industry would be absolutely on fire this year, considering China’s strong economic rebound following the virus-induced downturn. Now a shortage of shipping containers in Asia are sending container spot rates to multi-year highs, has already started to crimp China exports.  Just how high can Asia-U.S. East Coast spot…

Grassley Blasts MSM Over Hunter Biden Hypocrisy

Chuck Grassley is one pissed off Senator. After the Iowa Republican and Sen. Ron Johnson (R-WI) produced a long-awaited Senate report which concluded that Hunter Biden’s financial dealings with Ukrainian, Chinese and Russian businesses created “criminal financial, counterintelligence and extortion concerns” concerning everything from sex-trafficking to bribery – the MSM panned it as a partisan…

The Oil Refinery Crisis Will Worsen This Winter

The Oil Refinery Crisis Will Worsen This Winter Tyler Durden Thu, 12/10/2020 – 20:20 Authored by Julianne Geiger via OilPrice.com, It was only to be expected that many of the world’s refiners would be pinched between low demand for finished products and rising inventories as the pandemic lockdowns continue to stifle activity. But the warm…

Oppose 5G? Sign the 5G Letter to Biden and Harris ASAP

By B.N. Frank High-speed internet is safer and more secure with a wired internet connection (see 1, 2). According to a lawsuit and the Federal Communications Commission (FCC) Chairman, all Americans have already paid to have this where they live (see 1, 2, 3, 4). Regardless, the “captured” FCC continues to promote and fund dangerous…

America Last: Melinda Gates 'Incredibly Disappointed' After Trump Gives Americans Vaxx First

Melinda Gates is ‘incredibly disappointed’ that Americans will be receiving COVID-19 vaccines, developed by American companies, before the rest of the world. Putting aside overwhelming concerns over safety for a minute – including calls to halt trials until serious questions (including ‘indefinite infertility‘) are addressed – Gates told CNN‘s Poppy Harlow in a Thursday interview…

Beat the Coming “Taxflation” Tsunami with Precious Metals

By Stefan Gleason The final weeks of the tumultuous year that has been 2020 present opportunities for investors to get their financial houses in order ahead of the New Year. Nobody knows what 2021 will bring. But new political risks are likely to emerge – including the threats of higher taxes and a more punitive…

California Versus Texas

California has had a nearly identical case trajectory as Texas… And then there’s this… I don’t know if there’s a better indicator of how completely useless interventions are than the fact that Pennsylvania & Delaware have essentially followed the exact same curve since mid-October. Like, the same, almost to the exact number. Wonder if the…

Senate Homeland Security and Gov’t Affairs Committees Investigate Illegal Spy Operations under Obama and Trump Admins (Full Measure)

By B.N. Frank Good news: some elected officials are continuing to take action to address American journalists and innocent citizens who have been victims of ongoing and unwarranted government surveillance. From Full Measure: Unresolved Investigations This past week, the Senate Homeland Security and Governmental Affairs committee took aim at unresolved investigations. Chairman Ron Johnson, a…

Biden Is Off To A Bad Start Under Progressive Pressure

Authored by Mike Shedlock via MishTalk, Under Progressive pressure, Biden ponders canceling $50,000 in student loans. Rogue Executive Actions  Biden is already bending to the wishes of Elizabeth Warren and Bernie Sanders to want to forgive student loans.  On Monday, Senate Minority Leader Chuck Schumer announced Biden ‘Considering’ Forgiving $50,000 in Student Loan Debt via Executive…

Charting The Growing Generational Wealth Gap

By Tyler Durden As young generations usher into adulthood, they inevitably begin to accumulate and inherit wealth, a trend that has broadly remained consistent. But, as Visual Capitalist’s Omri Wallach explains below, what has changed recently is the rate of accumulation. In the U.S., household wealth has traditionally seen a relatively even distribution across different age groups. However, over…

‘Imprisoned, Tortured, Harassed, Blackmailed And Stalked’: AP Investigation Uncovers Rampant Sexual Misconduct Within FBI

Nearly three years ago we reported that the FBI was a hotbed of sexual misconduct, after Inspector General Michael Horowitz uncovered sexual harassment, inappropriate romantic relationships between bosses and subordinates, and outright demands for sex in exchange for promotions. It seems nothing has changed. According to an investigation by the Associated Press, the FBI has…