Quotes from new book are illuminating to say the least
In a report from The Guardian, based on pre-release galleys of “Battle for The Soul” written by Atlantic staff writer Edward Isaac-Dovere, the private exchanges about Trump bore little resemblance to the public niceties and careful self-censoring that went on during “the former guy’s” disastrous reign from the Oval Office.
According to the excerpts shared with The Guardian, in direct quoted pages former President Obama slammed Trump throughout the 2016 campaign and during 45’s term in office. According to Atlantic staff writer Edward Isaac-Dovere in his forthcoming book. Obama referenced Trump as a “madman”, “lunatic”, “racist”, “sexist pig” and a “corrupt motherfu–er”.
More often: ‘I didn’t think it would be this bad.’ Sometimes: ‘I didn’t think we’d have a racist, sexist pig.’ Depending on the outrage of the day … a passing ‘that fucking lunatic’ with a shake of his head.”
obama Quoted in “battle for the soul” by Edward-Isaac Dovere
Obama isn’t the only person that has something unflattering to say about the Trump, as news that the New York attorney general’s office will be going forward with a now-criminal investigation of the Trump Organization, Michael Cohen, the former personal lawyer and fixer for 45 hilariously tweeted Don behind bars:
As more documents are reviewed by the #NYAG and #NYDA, it appears that the troubles for Donald #Trump will keep on coming! Soon enough, Donald and Associates will be held responsible for their actions. pic.twitter.com/nOvd7Dry81
We’ve provided a look at Battle for the Soul, by Edward-Isaac Dovere, below, along with a description, provided courtesy of the Bookshop (and the publisher), along with some links for a variety of options where to purchase.
Battle for the Soul: Inside the Democrats’ Campaigns to Defeat
The 2020 presidential campaign was a defining moment for America. As Donald Trump and his nativist populism cowed the Republican Party into submission, many Democrats–haunted by Hillary Clinton’s shocking loss in 2016, which led to a four-year-long identity crisis–were convinced he would be unbeatable.
Their party and the country, it seemed, might never recover. How, then, did Democrats manage to win the presidency, especially after the longest primary race and the biggest field ever?
How did they keep themselves united through an internal struggle between newly empowered progressives and establishment forces–playing out against a pandemic, an economic crisis, and a new racial reckoning?
Edward-Isaac Dovere’s Battle for the Soul is the searing, fly-on-the-wall account of the Democrats’ journey through recalibration and rebirth.
Dovere traces this process from the early days in the wilderness of the post-Obama era, though the jockeying of potential candidates, to the backroom battles and exhausting campaigns, to the unlikely triumph of the man few expected to win, and through the inauguration and insurrection at the Capitol.
Dovere draws on years of on-the-ground reporting and contemporaneous conversations with the key players–whether in Pete Buttigieg’s hotel suite in Des Moines an hour before he won the Iowa caucuses or Joe Biden’s first-ever interview in the Oval Office–as well as aides, advisors, and voters.
With unparalleled access and an insider’s command of the campaign, Battle for the Soul offers a compelling look at the policies, politics, people and the often absurd process of running for president. This fresh and timely story brings you on the trail, into the private rooms and along to eavesdrop on critical conversations. You will never see campaigns or this turning point in our history the same way again.
Above: Christian Bale, playing Dr. Michael Burry in “The Big Short“
The more things change, the more they stay the same
Shorting in the stock market has gotten a bad rep recently among the “WallStreetBets” crowd on Reddit, and those that were in the run-up frenzy over Game-Stop and AMC, Koss, etc. This was, for the most part, due to a lack of understanding of what shorting is, how it works and why it adds liquidity and has other benefits to markets as a whole.
Many of the crowd from that frenzy has now moved on to the crypto frenzy, which has a lot of speculators worried after relatively large drops in many of the top coins. Similar to the misunderstanding of short positions many of the speculators in crypto are new arrivals and, for a short time, had no experience of the fact that volatile, fast moving instruments, such as shares in tech companies or “alt-coins” also go down faster than slow moving investments. They don’t “only go up” as was the “slogan” for the Game Stop crowd and others at the time.
Michael Burry, the genius founder of Scion Asset Management, the firm that was chronicled in “The Big Short” (both the book and the film) which tells the story of how Burry bet against the US housing market at the peak of the bubble and experienced massive success when his billion dollar bet paid off.
That bet was, as the name of the book implies, the longest of long shots, and in the movie the skepticism and outright scorn and derision that he experienced for even thinking of taking that gamble was shown and formed the backbone of the story.
The power of that story was how a man with knowledge and experience could see clearly, even with one good eye, what millions of “experts” either could not see or were too corrupt to admit or accept.
That the housing market and the products devised to profit off of it, mortgage backed securities, collateralized debt obligations, credit default swaps, and so forth, were about to take the entire world economy to the brink of doom.
A collapse did occur, and were it not for desperate and questionable bail-outs by the governments and the central banks around the world, could have collapsed the world economy to a level that would have taken decades to recover from.
Instead this “largest band-aid” in the history of the universe has been followed up by larger and larger ones until as of the writing some 14 trillion has been created to prop up the original “fix” and kick the can further and further down the road.
Fast forward to 2021 and see where Burry sees a big opportunity now…
Michael Burry, the same man who say the end of the housing bubble in 2006 and 2007, and bet big against the one market that no one, literally no one, believed could ever go down, appears to believe that the end of the road for the current speculative bubble ( at least in Tesla stock prices) is near.
Michael Burry’s Scion Asset Management has disclosed a major, half-a-billion dollar short position against Tesla Inc.
Scion Asset Management disclosed via a regulatory filing on May 17th that purchases were made for bearish put options on 800,100 shares in Tesla. In the disclosure was also the further information that, as of the end of the first quarter, the options had a value of US$534 million.
“my last Big Short got bigger and Bigger and BIGGER,” Burry said in a tweet from February, apparently referring to Tesla’s large surge in market capitalization. “Enjoy it while it lasts,” he continued.
It appears that, as of May 18th, he may have deleted his Twitter account entirely. Which, if true, may be over concerns that the SEC could have questions about the tweets, as wells as earlier tweets he made referring to other short position in GameStop Corp.
Revelations already leaked into de-classified public domain are enough to shock and amaze
Now that UFO sightings, also known as UAP (“unidentified aerial phenomena”) encounters have become too numerous and too tangible to dismiss as “swamp gas” or “reflected light” or anything of the kind, the next step is for the Pentagon to reveal much more about what it already knows. And from all accounts; it’s a lot.
Recently, for example in the CBS “60 Minutes” segment that aired on Sunday, May 16th, 2021 the growing body of de-classified data and credible accounts from government, ex-government and military personnel has been thoroughly cataloged and competently explained, the the degree that it is possible to explain at all.
In an interview exchange between CBS correspondent Bill Whitaker and Lue Elizondo, who was in US military intelligence for 20 years and was part of “what The Pentagon called the Advanced Aerospace Threat Identification Program, or AATIP, the discussion turn to the amazing current state of publicly available information on UFO sightings by the military.
Lue Elizondo:
“The mission of AATIP was quite simple. It was to collect and analyze information involving anomalous aerial vehicles, what I guess in the vernacular you call them UFOs. We call them UAPs
Imagine a technology that can do 6-to-700 g-forces, that can fly at 13,000 miles an hour, that can evade radar and that can fly through air and water and possibly space. And oh, by the way, has no obvious signs of propulsion, no wings, no control surfaces and yet still can defy the natural effects of Earth’s gravity. That’s precisely what we’re seeing.
In some cases there are simple explanations for what people are witnessing. But there are some that, that are not. We’re not just simply jumping to a conclusion that’s saying, “Oh, that’s a UAP out there.” We’re going through our due diligence. Is it some sort of new type of cruise missile technology that China has developed? Is it some sort of high-altitude balloon that’s conducting reconnaissance? Ultimately when you have exhausted all those what ifs and you’re still left with the fact that this is in our airspace and it’s real, that’s when it becomes compelling, and that’s when it becomes problematic.”
A series of revelations that are building and increasing, not a scattered random sequence
The segment went on to interview two of the four pilots that were witnesses to an very close encounter with a UAP during a training mission with the USS Nimitz carrier strike group 100 miles southwest of San Diego, CA in 2004.
CBS News interviewed them, David Fravor, a graduate of the Top Gun naval flight school and commander of the F/A-18F squadron on the USS Nimitz; and flying at his wing, Lieutenant Alex Dietrich, who has never spoken publicly about the encounter:
“For a week, the advanced new radar on a nearby ship, the USS Princeton, had detected what operators called “multiple anomalous aerial vehicles” over the horizon, descending 80,000 feet in less than a second. On November 14, Fravor and Dietrich, each with a weapons systems officer in the backseat, were diverted to investigate. They found an area of roiling whitewater the size of a 737 in an otherwise calm, blue sea. “
The interview went on to describe in great detail the shockingly real and yet impossible to grasp behavior of the UAP and how hard it is to fathom the origin of something so advanced and so far beyond anything we can imagine as being possible to build by humans with current technological means.
‘Either or’ is a short list of what could explain the mysteries
According to various unnamed pilots, of the many that have had sometimes multiple highly corroborated and documented UAP encounters, there are three likely possible sources for these “anomalous aerial vehicles” origin:
secret U.S. technology,
an adversary’s spy vehicle
something otherworldly.
What no-one, outside the “UFO fringe element” has speculated to is the exact meaning and source of “something otherworldly” being involved, or a 4th possibility that this is the most advanced and elaborate hoax ever devised to create the illusion of an ultra sophisticated entity “watching” us.
This last completely speculative statement underscores just how unlikely it is, with this much evidence already uncovered, that this is any kind of “hoax” at all, and how that would be even more far fetched than #3 above, an “otherworldly” explanation.
Now that, since last August, AATIP has been reactivated by the Pentagon, and it’s now called the UAP task force, more information has likely been cataloged since service members now are encouraged to report any strange encounters.
In December 2020, while still head of the intelligence committee, Senator Marco Rubio, of all people, asked the director of national intelligence and the Pentagon to present Congress an unclassified report.
That report will be next major step in this building story. It is scheduled to be released to the Senate on June 1st, 2021.
As can be seen in the tweet above, Elon Musk has announced that he is working with Dogecoin developers to improve system transaction efficiency. He feels, apparently that this ongoing development, an effort to improve energy efficiency, no doubt, is “promising.
This comes after both his silly kinda-sorta negative jokes from his Saturday Night Live appearance a week ago, and his subsequent announcement regarding bitcoin and issues with energy consumption (see below).
Regardless of those issues being about perception or reality, which is an ongoing hot debate within the crypto community, at least the issue of making crypto even more viable as a medium of exchange and store of value is being talked about in good faith serious tones.
This is an indicator of his highly positive attitude and beliefs regarding the future of Bitcoin, Dogecoin and cryptocurrencies in general.
PR nightmare abated and pre-empted by announcement that Tesla will no longer accept Bitcoin
In a sudden about-face Elon Musk announced that Tesla would not accept Bitcoin for its environmentally friendly electric vehicles after all. This, after the company made big news when it purchased $1.5 billion of the cryptocurrency which was revealed in an SEC filing.
In the first quarter report of 2021 the company revealed that it sold a portion of its Bitcoin and netted a $101 million profit. That number represented nearly a fourth of the reported total profits for the quarter.
An even larger contributing factor to the positive news at the time was the massive sales of regulatory credits were $518 million. In other words, profit from Bitcoin and government subsidies was basically 100% of the upside. Car sales, not so much.
Enter the massive media frenzy over the energy use “wasted” on Bitcoin mining and you have a PR disaster waiting to happen for Tesla and Musk. Naturally, clever lad that he is, it was prudent to cancel, at least temporarily the policy of allowing customers to pay with Bitcoin.
Odd thing is, there are many worse things sucking up energy than Bitcoin. And the mining will not stop or slow down because Tesla is not getting any for its cars. But the perception that there’s a “great cost to the environment” from crypto-mining is enough to make this sudden announcement mandatory from a PR standpoint.
Though not mentioned in the tweet where this policy change was announced, it is unlikely that Tesla will go forward with accepting Dogecoin, which was mentioned recently by Musk also, due to the perceived similarities in the mining process.
In the statement attached to Musk’s tweet he also states that they will potentially use a crypto currency if it can be used at an energy cost of less than 1% of Bitcoin per transaction.
This is a separate issue from the mining energy usage but it has also been a criticism that the energy expended to transact using Bitcoin is very high, compared to what is a separate question. Perception is at the root, but wanting more efficient crypto is certainly a laudable goal.
This part of the statement will no doubt lead to feverish speculation as to which cryptocurrency might meet his stated requirements.
Elon Musk’s support for cryptocurrency is, like his commitment to sustainable energy, a positive stance and, before his personal success became completely overblown, a courageous one.
Taking on the fossil fuel industry, it’s easy to forget, was no easy feat in the early days. And, similarly, the inevitable upcoming clash between crypto-adherents and governments (printers of fiat currencies) will need established eminent “super-citizens” to give crypto a chance of survival.
For that reason it is good to see that this does no represent a rejection of crypto itself on Musk’s part, but a necessary response to mounting criticism based on the perception of hypocrisy.
You can bet that, if there is a way to mine with sustainable energy sources (actually in many ways already happening) he will reverse his stance yet again.
A unique talent for choosing and presenting exactly the theme and subject of the moment, and for posterity
Above:Photo from ‘The Big Short’ courtesy of Paramount
Very few authors have the intense feeling for the “zeitgeist” that Michael has shown throughout his long career. The ability to capture the spirit of the times so well is also possibly the reason why so many of his books have been snapped up and made into successful films. Examples are “The Big Short” (Christian Bale), “Moneyball” (Brad Pitt), “The Blind Side” (Sandra Bullock), all three of these also received Best Picture Oscar nominations.
While perhaps not an author to be remembered as a high literary genius such as James Joyce or William Shakespeare, the body of work, as a chronicle of modern times seen through the lens of his minds eye is, nevertheless, substantive and engaging. While “The Big Short”, both the book and subsequent film, capture with amazing clarity a confusing period that has been in many ways glossed over, even willfully, by those that were partially responsible but never held to account.
Though it remains to be seen how the future will look back on the 2020 novel coronavirus era, “Premonition” has, once more, the same potential to become one, potentially definitive portrait, of the crisis and it’s emergence into a full blown worldwide pandemic.
Now, soon, “The Premonition” is set to be produced by Amy Pascal for Pascal Pictures, with Rachel O’Connor. Directors are slated to be Phil Lord and Chris Miller who are mostly known for lighter fare.
To make it easier a great selection of Michael Lewis’ books are featured front and center, below, along with descriptions, provided courtesy of the Bookshop (and the various publishers), and with some links for a variety of options of where to purchase.
Fortunately, we are still a nation of skeptics. Fortunately, there are those among us who study pandemics and are willing to look unflinchingly at worst-case scenarios. Michael Lewis’s taut and brilliant nonfiction thriller pits a band of medical visionaries against the wall of ignorance that was the official response of the Trump administration to the outbreak of COVID-19.
The characters you will meet in these pages are as fascinating as they are unexpected. A thirteen-year-old girl’s science project on transmission of an airborne pathogen develops into a very grown-up model of disease control.
A local public-health officer uses her worm’s-eye view to see what the CDC misses, and reveals great truths about American society.
A secret team of dissenting doctors, nicknamed the Wolverines, has everything necessary to fight the pandemic: brilliant backgrounds, world-class labs, prior experience with the pandemic scares of bird flu and swine flu…everything, that is, except official permission to implement their work.
Michael Lewis is not shy about calling these people heroes for their refusal to follow directives that they know to be based on misinformation and bad science. Even the internet, as crucial as it is to their exchange of ideas, poses a risk to them. They never know for sure who else might be listening in.
The real story of the crash began in bizarre feeder markets where the sun doesn’t shine and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts.
The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar’s Poker.
Out of a handful of unlikely-really unlikely-heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our time.
Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street’s premier investment firms.
During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar’s Poker is the culmination of those heady, frenzied years–a behind-the-scenes look at a unique and turbulent time in American business.
From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game of bluffing and deception, here is Michael Lewis’s knowing and hilarious insider’s account of an unprecedented era of greed, gluttony, and outrageous fortune.
Moneyball is a quest for the secret of success in baseball.
In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis follows the low-budget Oakland A’s, visionary general manager Billy Beane, and the strange brotherhood of amateur baseball theorists. They are all in search of new baseball knowledge–insights that will give the little guy who is willing to discard old wisdom the edge over big money. Also made into a hit movie starring Brad Pitt, Moneyball is a book that exposes human nature, and how it can suddenly be overcome when unique perspectives lead to innovative choices.
When we first meet him, Michael Oher is one of thirteen children by a mother addicted to crack; he does not know his real name, his father, his birthday, or how to read or write.
He takes up football, and school, after a rich, white, Evangelical family plucks him from the streets. Then two great forces alter Oher: the family’s love and the evolution of professional football itself into a game where the quarterback must be protected at any cost.
Our protagonist becomes the priceless package of size, speed, and agility necessary to guard the quarterback’s greatest vulnerability, his blind side.
In Michael Lewis’s game-changing bestseller, a small group of Wall Street iconoclasts realize that the U.S. stock market has been rigged for the benefit of insiders.
They band together–some of them walking away from seven-figure salaries–to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you. Billions have been spent by Wall Street firms and stock exchanges to gain the advantage of a millisecond. “Is it a scam?” 60 Minutes correspondent Steve Kroft asks during his interview with the author, It’s bigger than a scam, Lewis says.
Lewis further explains how ordinary investors are affected and argues that high-frequency traders have created instability in the stock market — for everyone. A reoccurring metaphor Lewis uses in his book “Flash Boys” is one of “prey and predators.” According to Lewis, the prey is “anybody who’s actually an investor in the stock market.”
Michael Lewis’s brilliant narrative of the Trump administration’s botched presidential transition takes us into the engine rooms of a government under attack by its leaders through willful ignorance and greed.
The government manages a vast array of critical services that keep us safe and underpin our lives from ensuring the safety of our food and drugs and predicting extreme weather events to tracking and locating black market uranium before the terrorists do. The Fifth Risk masterfully and vividly unspools the consequences if the people given control over our government have no idea how it works.
Forty years ago, Israeli psychologists Daniel Kahneman and Amos Tversky wrote a series of breathtakingly original papers that invented the field of behavioral economics.
One of the greatest partnerships in the history of science, Kahneman and Tversky’s extraordinary friendship incited a revolution in Big Data studies, advanced evidence-based medicine, led to a new approach to government regulation, and made much of Michael Lewis’s own work possible. In The Undoing Project, Lewis shows how their Nobel Prize-winning theory of the mind altered our perception of reality.
Scorsese’s latest and long awaited big project, titled “Killers Of The Flower Moon,” has been in development under Paramount since early 2019. The Apple Studios film started Production in April 2021 in Osage County, Oklahoma and no release date has yet been announced.
The film is an adaptation of the 2017 book, “Killers of the Flower Moon: The Osage Murders and the Birth of the FBI,” by bestselling author David Grann. The book follows the federal investigation into the series of “accidents” and murders of Osage County Native Americans in 1920s Oklahoma, which later became known as the “Reign of Terror”. It’s a slow burning true story that will lend itself well to Scorsese’s hardboiled, historical take on narrative film.
In a statement announcing the official start of production, Scorsese said:
“To be able to tell this story on the land where these events took place is incredibly important and critical to allowing us to portray an accurate depiction of the time and people. We’re grateful to Apple, the Oklahoma Film and Music Office and The Osage Nation, especially all our Osage consultants and cultural advisors, as we prepare for this shoot. We’re excited to start working with our local cast and crew to bring this story to life on screen and immortalize a time in American history that should not be forgotten.”
–– Martin Scorsese
The all-star cast to includes Leonardo DiCaprio as Ernest Burkhart, Native American actress Lily Gladstone as his wife Mollie Burkhart. Robert De Niro as William Hale and Jesse Plemons as Tom White. In addition, the cast includes: Tantoo Cardinal, Cara Jade Myers, JaNae Collins, Jillian Dion, William Belleau, Jason Isbell, Louis Cancelmi, Scott Shepherd, Sturgill Simpson and many others. The film will include multiple indigenous actors in order to provide a respectable and honest representation relating to the movie’s sensitive subject matter.
Eddie Brock played once more by Tom Hardy is back. The first “Venom” film released in 2018 only briefly introduced the audience to the character from the Marvel comics.
This time around we see Brock come to embrace his alter-ego / Venom symbiote. Hilariously, even while learning to cook breakfast, where he attempts to stave off the need for human flesh in lieu of chocolate, as seen in the trailer below.
The just over 2 minute clip is jammed packed with the absurdity, mystery, violence and gore!
On par for the pandemic course, many films, including this one “Venom: Let There Be Carnage” was originally scheduled for October 2020, then set for this summer. After multiple delays, Sony has now cemented its current release for the fall for September 24, 2021, only in theaters.
As the subtitle of the movie underscores…Real Carnage is here
Thus, enter the villain, Cletus Kasady, a crazed serial killer played by Woody Harrelson who continues where the first movie left off, imprisioned. What Eddie and Cletus have in common, don’t worry, not really a spoiler, we will most likely see the breakdown of how his character becomes a symbiote host that transforms him into Carnage. In the clip it looks like his reaction to the chemicals pumped into him, meant for his execution, play a major role.
The trailer also teases a glimpse Shriek who is being held as the Ravencroft Institute (akin to Arkham Aslym). Her mutant powers allow her to manipulate sound energy in powerful and dangerous ways, firing off blasts of sounds. And symbiote, like Venom, are vulnerable to sound, and we can presume she plays the villain in Eddie Brock’s world (and possibly Carnage).
The film also stars Michelle Williams, Reid Scott and Naomie Harrie.
In a sudden about-face Elon Musk announced that Tesla would not accept Bitcoin for its environmentally friendly electric vehicles after all. This, after the company made big news when it purchased $1.5 billion of the cryptocurrency which was revealed in an SEC filing.
In the first quarter report of 2021 the company revealed that it sold a portion of its Bitcoin and netted a $101 million profit. That number represented nearly a fourth of the reported total profits for the quarter.
An even larger contributing factor to the positive news at the time was the massive sales of regulatory credits were $518 million. In other words, profit from Bitcoin and government subsidies was basically 100% of the upside. Car sales, not so much.
Enter the massive media frenzy over the energy use “wasted” on Bitcoin mining and you have a PR disaster waiting to happen for Tesla and Musk. Naturally, clever lad that he is, it was prudent to cancel, at least temporarily the policy of allowing customers to pay with Bitcoin.
Odd thing is, there are many worse things sucking up energy than Bitcoin. And the mining will not stop or slow down because Tesla is not getting any for its cars. But the perception that there’s a “great cost to the environment” from crypto-mining is enough to make this sudden announcement mandatory from a PR standpoint.
Though not mentioned in the tweet where this policy change was announced, it is unlikely that Tesla will go forward with accepting Dogecoin, which was mentioned recently by Musk also, due to the perceived similarities in the mining process.
In the statement attached to Musk’s tweet he also states that they will potentially use a crypto currency if it can be used at an energy cost of less than 1% of Bitcoin per transaction.
This is a separate issue from the mining energy usage but it has also been a criticism that the energy expended to transact using Bitcoin is very high, compared to what is a separate question. Perception is at the root, but wanting more efficient crypto is certainly a laudable goal.
This part of the statement will no doubt lead to feverish speculation as to which cryptocurrency might meet his stated requirements.
Elon Musk’s support for cryptocurrency is, like his commitment to sustainable energy, a positive stance and, before his personal success became completely overblown, a courageous one.
Taking on the fossil fuel industry, it’s easy to forget, was no easy feat in the early days. And, similarly, the inevitable upcoming clash between crypto-adherents and governments (printers of fiat currencies) will need established eminent “super-citizens” to give crypto a chance of survival.
For that reason it is good to see that this does no represent a rejection of crypto itself on Musk’s part, but a necessary response to mounting criticism based on the perception of hypocrisy.
You can bet that, if there is a way to mine with sustainable energy sources (actually in many ways already happening) he will reverse his stance yet again.
Haters like Buffet and Mark Cuban’s cheerleading are off base and spreading confusion
Disclaimer first: This opinion article is not investment advice and does not advocate buying any investment vehicle or currency
There are so many misconceptions propagated far and wide these days that it’s hard to choose a place to start. First it’s important to recognize that crypto currencies are not stocks or companies, yes that’s obvious but one of the biggest “anti” argument these days is that there’s an absurdity to the aggregate total value of a “coin” being more than the market cap of the stock of a particular company.
“Ethereum is now worth more than Bank of America”, this nonsense comparison goes, as if the market cap of a stock and the price of a coin times the number of coins in existence has any meaning whatsoever.
Following this logic, however, beneath all the hype, both pro-crypto and anti-crypto, lies a hidden thread to an actual underlying truth.
Though based on obvious common sense, this thread is potentially confusing and convoluted, to say the least. But without seeing it clearly the misconceptions will just keep getting more ridiculous.
In order to illustrate the conundrum a bit of background is needed. For example:
Stocks, in the US are priced in dollars. But how are dollars priced? Isn’t just as accurate to say that when the “price” of the DJIA moves higher (3,4050 at this writing) it is the value of the dollar, in relation to the DJIA that went down?
While this requires a kind of mental gymnastics, these are only due to the constant bombardment meant to keep you from seeing this 100% valid way of viewing stock valuations based in dollars.
There’s another kind of tacit misinformation and that is stating that “inflation” is only relevant when it’s measured by the government. For example if the “bull market” that began in 2009 and continues into 2021 represented a huge increase in stock prices, that is asset inflation.
The inverse of asset inflation is a reduction in dollar value. Less shares of a given stock can be bought for the same number of dollars. The dollars are worth less.
And further, crypto, such as BitCoin is measured as having more or less value in dollars. Who is to say the massive rise in the dollar “value” of BitCoin is not representative of a decline in the “intrinsic” value of dollars.
The truth is often hidden in plain sight and that is what drives traditional markets
And that is precisely the point. BitCoin’s existence, which is locked in the mind of Satoshi Nakamoto (if he indeed exists) was indicated cryptically (no pun intended) to be a kind of answer to the instability of the global financial system as was evidence in the crisis of 2008. Taking place nearly concurrently with the birth of the idea of BitCoin.
Seeing the dollar as having a “stable” value and measuring a companies value, via it’s share price, is, let’s just say, perhaps 100 times more absurd than the Dogecoin dog.
Why? Because, for nearly a century the dollar is not backed or moored to anything but the government’s hope that it will retain value and laws that prohibit you and I from using other vehicles as “legal tender”.
The data (and opinions) on this are seemingly endless and yet absolutely critical to understanding our monetary system and where crypto may or may not fit in.
Horseshoe Nails and The Isle of Yap
Many interesting historical facts point toward the reality that money and coinage has always been just as much about the abstract belief in the system, more than any particular “intrinsic” value.
On the Micronesian Isle of Yap there was a functioning monetary system based on huge stones. A New York Times article, published in 1971 described the curious system:
“Every piece has an owner, and everyone knows who the owner is. Even when the money changes hands, it usually stays put. Yapese stone money is the largest and heaviest “coin” in the world.
In earlier days, brave islanders paddled by canoe 300 miles across open ocean to Palau where they cut slices from huge stalactites and brought them back as money. The value depended on how many men were drowned bringing them back. Nowadays, value is usually determined by measurements. We heard various versions, ranging from $10 radial inch to $42 a foot.”
Another article explains that many “wealthy” home (hut) owners displayed their money by leaving it leaning against the front of the house, where all could see the prosperity.
And, as for the prevention of fraud and corruption in any monetary system? Could any be more corrupt than the one that led to credit default swaps and mortgage-backed securities imploding and all the BS that nearly brought down the world’s banking system?
And that is not new either. In the 1800s traveling bank examiners journeyed throughout the US to check on the gold reserves claimed by various banks. More often than not, they found far less gold than was claimed (in today’s fractional banking system little attempt is made to reduce the leverage in the system).
A common, clever, trick to try to “leverage” what little gold was actually on hand was to pile gold coins and ingots on top of a bed of horseshoe nails, hoping that the examiner would weigh the entire concoction only, and never notice the bogus hidden attempt to bolster the weight.
Bitcoin’s system at least attempts to circumvent this typically human brand of fraud and corruption.
In the article “What is Cryptomining” on Techspot a chart was published to illustrate how Satoshi Nakamoto tried to solve the classic trust delimma with the proof of work mining system.
“For example, if Alice has $100 at the beginning of the day, she could promise Bob, Charlie, and David independently that she’d send them each $100 by the end of the day. While Alice could show them that she owns $100 and they’d all be content and agree to the transaction, Alice only has $100. Thus, if at the end of the day, the public ledger (which once finalized is set in stone, so to speak) includes 3 transactions initiated by Alice for $100, the system would be broken and no one would want to use it.
With a centralized system such as in modern day banks, there would exist a single ledger that can validate how much money a certain individual has, and thus it can guarantee that the customer cannot spend more than they own. When talking about a decentralized, peer-to-peer system, however, who’s there to stop a clever individual from spending their money multiple times quickly before getting caught?
To address this potential issue, crypto miners enter the playing field. Essentially, miners play the role of the decentralized banker, and will perform the required gruntwork to ensure that the system is functioning as expected without double-spending. In return for their work, they will be rewarded with some cryptocurrency.”
Buffet, Cuban, Musk & Munger
In clonclusion, Buffet, Munger and The Wall Street Journal may have knowledge and experience but they have also derived benefit from a system that favors those already holding capital, one that also has a tendency to crush those trying to build it.
So, it’s fairly obvious that they are “talking their book” and data mining to produce a self-congratulatory outcome, when they expound on all the reasons that they hate crypto (Munger even called it “disgusting”).
As for Musk and Cuban, what’ve they got to lose? At least they “get it”, at least they are open to the idea of a future that has crypto as a part of the financial system. But where will they stand if there is government resistance in a big way, and if attempts to stop the entire crypto movement or “de-fang” it in ways that make it less viable as a true alternative to the status quo? That, my friend, will be the 1000 BitCoin question.
The Search for Justice is on and promises to have plenty of violence
The surge in film release activity, which all cinephiles welcome with open arms, comes from the need to push forward all the various productions that were previously on ice due to the pandemic. One such movie, “Wrath of Man,” from MGM and Miramax, which will get its theatrical launch from United Artists on May 7, 2021.
The film was adapted from the 2004 French film “Le Convoyeur” also known as “Cash Truck” and follows closely to the original outline of the story. Statham plays the character Hill or “H” as nicknamed by coworkers, a seemingly cold and mysterious man working for an armored cash truck company responsible for moving millions of dollars.
Little does anyone know “H” has positioned himself as truck driver for an undercover mission to find who murdered his son. We will have to watch to see the violent surprises that result, as there will be plenty of blood spilled..
"It's been one of the most enjoyable experiences I've had making a film." – Josh Hartnett and the cast on Guy Ritchie's #WrathOfMan. Now playing in theaters. pic.twitter.com/Jal7kfzVtM
“Wrath of Man” marks the latest match up, a total of 4 films between English filmmaker Guy Ritchie and action staple Jason Statham.
In addition to Statham, he is joined by a slew of actors including: Alex Ferns, Holt McCallany, Scott Eastwood, Jeffrey Donovan, Laz Alonso, Josh Hartnett, Niamh Algar, Raúl Castillo, Post Malone, Lyne Renee, Anthony Molinari, Deobia Oparei, Tadhg Murphy, Babs Olusanmokun, Darrell D’Silva, Chris Reilly, Matthew Illesley, Rebecca Calder, Jason Wong, Alessandro Babalola, Cameron Jack, Montana Manning, Rocci Williams, Josh Cowdery, and Eve Macklin.
Official acknowledgement of ‘Unidentified Aerial Phenomena’ is becoming more commonplace
After a viral video was shared massively across the internet, now the Pentagon has confirmed that the footage showing what appears to be UFOs is authentic. Even more significant is the fact that the pyramid-shaped unidentified flying objects were “stalking” the guided-missile destroyer USS Russell in coastal waters near California in July 2019.
In an interview with Fox News Pentagon spokeswoman Susan Gough said “I can confirm that the referenced photos and videos were taken by Navy personnel. The UAPTF [Unidentified Aerial Phenomena Task Force] has included these incidents in their ongoing examinations.”
“I can confirm that the referenced photos and videos were taken by Navy personnel. The UAPTF [Unidentified Aerial Phenomena Task Force] has included these incidents in their ongoing examinations.
Pentagon spokeswoman Susan Gough
“Whoever is operating these technologies are far more advanced than anything we have in the U.S. arsenal and that should be a warning sign. We need to find out the intent of the operators of these vehicles.”
Jeremy Corbell, UFO researcher and filmmaker interviewed on Fox News
The public acknowledgment of the incident, that happened near San Clemente Island, where five different U.S. warships were operating at the time, was a required act. This is due to the new provision in the Intelligence Authorization Act of 2021 which requires the U.S. to disclose what it knows about UFOs.
According to the provision the director of national intelligence (DNI) must work with the secretary of defense to create a comprehensive report of what information the U.S. government has regarding unidentified flying objects. The full report is due on June 1, 2021.
A highly sophisticated aerial display leaves doubt and open questions as to the origin of the objects
The incident that is seen in the footage involved unmanned aerial vehicles (UAVs) or “drones”. In addition to the otherworldly appearance, the UFOs were observed flying around the U.S. warships for multiple hours, longer than would be possible based on the maximum flight time of most commercial drones currently known and available.
Highly coordinated and precise movements were also noted, raising the question of what methods of control were being utilized. Further questioned were raised by the calculated range of more than 100 nautical miles that would have been required, under conditions of very low visibility, that would have been required during the time elapsed during the encounters.
Though investigations have been conducted by the U.S. Coast Guard, Nave and the Federal Bureau of Investigation (FBI), the mysterious UFOs and their behavior continues to perplex.
The new openness required by the Intelligence Authorization Act of 2021 is a welcome change and more details are bound to surface regarding these phenomena. Since August 2020, the Unidentified Aerial Phenomena Task Force (UAPTF) is known to be operating and putting further official resources behind the study and analysis of UFOs and other “Unidentified Aerial Phenomena”.
Above: Apple Spring Loaded Event Poster Credit: Apple
“Loaded” is a loaded concept and let’s hope it rings true
After weeks of fits and starts, and even a bizarre siri advance confirmation leak, it’s finally official: Apple will be hosting a product reveal event on Tuesday, April 20 at 10:00 a.m. Pacific Time at the Steve Jobs Theater on the Apple Park campus in Cupertino, California.
Naturally, as with all event scheduled this year so far this will be digital only and streamed live from various platforms including the Apple events page.
The event is expected to reveal new 2021 product updates and more, and the rumor mill has been busy so there’s a lot of potential for both news that’s been hinted at, as well as surprises.
Highest on the list of anticipated possible reveals are; iPad Pro models, a new low-cost iPad and a new iPad mini.
Less expected but also very much in the realm of possibility are refreshed iMacs, the endlessly rumored AirTags and more updated news on chip development as will as advance information ahead of WWDC2021 and the fall big show where typically new iPhones appear.
Apple will be streaming live on its website and with the Apple TV app starting at 10:00 a.m. Pacific Time on Tuesday, April 20.
Above: ‘WeWork: Or the Making and Breaking of a $47 Billion Unicorn’ Credit: HULU
The story of a fiasco of monumental proportions that deserves to be told
WeWork, from the fabled insanity of the SoftBank funding to the crash and burn of founder and then CEO Adam Neumann would, in any other epoch, perhaps, be the most spectacular and outrageous failure of our time.
That is until one takes a closer look. With a ‘valuation” ( a term that had little actual meaning in the case of WeWork) of $47 billion at its peak, just a month-and-a-half from near bankruptcy, is one way to try and put the absurdity into context.
In the end, after perhaps a feature film and a couple of more documentaries such as “WeWork: Or the Making and Breaking of a $47 Billion Unicorn” it will be brought out how venture capital excesses and ideas like those of SoftBank’s Masayoshi Son, who was primarily responsible for WeWork’s meteoric rise that will be seen as the real madness of the age.
According to an oft told anecdote, in 2017, Mr. Neumann needed only 12 minutes of walking Mr. Son around WeWork’s headquarters to convince the SoftBank mogul to shell out an investment of $4.4 billion.
Complex and even more insane ideas motivated the $billions in funding
It was, after all, Masayoshi Son who chose to invest billions based on this “elevator pitch” and who, according to many accounts, egged on the young founder to think bigger, faster and “crazier”. And that advice was taken seriously, by all means.
However, during an era where it is a truism in VC culture, particularly in Silicon Valley, that it’s “harder to get a $100,000 investment than it is to get 100 million, it was ultimately more about systemic excesses, which inexorably lead to the enabling of a megalomaniacal start-up personality like Neumann and give him enough funds to turn him into a madman of nearly historical proportions.
Directed by Jed Rothstein’s (The China Hustle) the new Hulu documentary (trailer below) is a good first draft of an account trying to depict Neumann’s extravagant rise and fall. However the sheer scope and depth of the hubris that underlie, not just the WeWork saga, but the corrupt age itself, that makes the treatment here somehow less successful than a deeper, more insightful look at what brought about this tragic farce could have been.
Making Neumann the center of the madness is an easy way out of asking, and answering, deeper questions
For all his “reincarnated hippie” talk of uniting the world around an idea – after charged his own company $5.9 million for his absurd trademark of the word “we” (which he was forced to pay back when the details leaked)- and how he would unite the world (and be the first world president and trillionaire ), the actual “idea” and the company was based on little more than infantile greed run amok.
Unfortunately, it’s the complex back room mathematics made his “dream” a reality and now this documentary look into it and the real estate “empire of cards” that sill exists after Neumann has long departed. I fear it will require a more revelatory and analytical treatment than this credible and watchable first look can provide. Still worth checking out for the thrill and nonsense of the waning days of pre-2020 excesses nearly beyond imagination. On Hulu now.
Above: Official trailer for ‘WeWork: Or the Making and Breaking of a $47 Billion Unicorn’
John Wick with a milquetoast twist? No, much better than that…
Are you, like me, someone who just has to watch any movie with Liam Neeson after “Taken” where he plays an underestimated character doing mega damage to the bad guys? Was “John Wick” (and 2 and 3 etc) a worthwhile experience but you could imagine a bit of Bob Odenkirk à la mode mixed in? You’re in luck (seriously).
The official blurb from Universal goes like this: Emmy winner Bob Odenkirk (Better Call Saul, The Post, Nebraska, Breaking Bad) stars as Hutch Mansell, an underestimated and overlooked dad and husband, taking life’s indignities on the chin and never pushing back. A nobody.
Add to this his “particular set of skills” and ominous past and you have an inspired next step in this now established feel-good as the blood-flows genre. (trailer below)
At a time when, metaphorically, perhaps all of us feel like we are bullied once too many times, and when the vagaries of trying to live in peace have us at wits end, watching this could be the antidote to all those pent-up feelings.
However, if going to see it live in a movie theater still seems too dangerous, you will soon be able to stream – if you are willing to pay for video-on-demand.
As of Friday, April 16th you will be able to purchase to stream at the usual VOD outlets (most likely, Apple, Amazon and others) and there’s even a blu-ray disk in the offing which has pre-order options already.
Directed by Ilya Naishuller (Hardcore Henry), and written by Derek Kolstad (John Wick), a great cast that includes Bob Odenkirk (Better Call Saul, The Post, Nebraska) and co-stars legendary Emmy winner Christopher Lloyd as Hutch’s father, musician-actor RZA as Hutch’s brother, whose own hidden talents aid Hutch in his quest for vengeance.
Here is the description provided on the official web site by Universal Pictures:
Sometimes the man you don’t notice is the most dangerous of all. Emmy winner Bob Odenkirk (Better Call Saul, The Post, Nebraska) stars as Hutch Mansell, an underestimated and overlooked dad and husband, taking life’s indignities on the chin and never pushing back. A nobody.
When two thieves break into his suburban home one night, Hutch declines to defend himself or his family, hoping to prevent serious violence. His teenage son, Blake (Gage Munroe, The Shack), is disappointed in him and his wife, Becca (Connie Nielsen, Wonder Woman), seems to pull only further away.
The aftermath of the incident strikes a match to Hutch’s long-simmering rage, triggering dormant instincts and propelling him on a brutal path that will surface dark secrets and lethal skills. In a barrage of fists, gunfire and squealing tires, Hutch must save his family from a dangerous adversary (famed Russian actor Aleksey Serebryakov, Amazon’s McMafia)—and ensure that he will never be underestimated as a nobody again.
Nobody is directed by acclaimed filmmaker Ilya Naishuller (Hardcore Henry), from a script by Derek Kolstad, the narrative architect of the John Wick franchise, and co-stars legendary Emmy winner Christopher Lloyd as Hutch’s father and multi-hyphenate musician-actor RZA as Hutch’s brother, whose own hidden talents aid Hutch in his quest for vengeance.
The film is produced by Kelly McCormick, p.g.a, and David Leitch, p.g.a., the filmmakers of Fast & Furious Presents: Hobbs & Shaw, Deadpool 2 and Atomic Blonde, for their company 87North, by Braden Aftergood, p.g.a. (Hell or High Water, Wind River), for his Eighty Two Films, and by Bob Odenkirk and Marc Provissiero (Hulu’s PEN15) for Odenkirk Provissiero Entertainment. The film is executive produced by Derek Kolstad, Marc S. Fischer, Annie Marter and Tobey Maguire.
Above: Scarlett Johansson as ‘Black Widow’ Photo Credit: Disney
Building to a climax? A tough road but Black Widow still has potential to be worth the wait…
A year since the first potential release window and various delays, and after a launch postponement from May to July, finally this new trailer is released, and is designed, it would appear, to keep the anticipation, suspense and interest in the future blockbuster in waiting.
Since this has to be the real and bonafide date we can confirm it here: “Black Widow” will hit theaters and Disney+ on July 9th, 2021.
“Black Widow is directed by Cate Shortland and was written by Eric Pearson from a story conceived by Jac Schaeffer and Ned Benson. Starring, as is well known, Scarlett Johansson, reprising Natasha Romanoff / Black Widow, along with Florence Pugh, David Harbour, O-T Fagbenle, William Hurt, Ray Winstone, and Rachel Weisz.
Set sometime after the Captain America: Civil War epoch, which had Natasha on the run from the government and dealing with her personal spy history, and the many personal changes since she became an Avenger.
Natasha’s voiceover sets the stage as the trailer begins, while flashbacks to previous movies are cross-cut beneath — and the focus on her secrets and mysterious past are intoned:
“You don’t know everything about me, I’ve lived a lot of lives,” she says. “Before I was an Avenger. Before I got this family. I made mistakes choosing between what the world wants you to be, and who you are.”
Dialog from new “Black Widow” Trailer
Synopsis: “In Marvel Studios’ action-packed spy thriller Black Widow, Natasha Romanoff aka Black Widow confronts the darker parts of her ledger when a dangerous conspiracy with ties to her past arises. Pursued by a force that will stop at nothing to bring her down, Natasha must deal with her history as a spy and the broken relationships left in her wake long before she became an Avenger.”
Above: “Black Widow” Credit: Marvel Studios
Above Suspicion will open in US cinemas and on-demand on May 14. A UK release date is not yet confirmed.
Long-time adviser and spokesperson for the Trump campaign, Jason Miller, stated on on Fox’s “MediaBuzz” that the former guy would be “returning to social media in probably about two or three months.”
In typical fashion spokesperson says it will be huge
Next he bragged that his return to social media would be via “his own platform” and that this new network would garner “tens of millions” of users and in his opinion would also “completely redefine the game.”
“It’s going to completely redefine the game, and everybody is going to be waiting and watching to see what President Trump does, but it will be his own platform.”
—Jason Miller, Trump Spokesperson
This news comes at a time when the furor of constant rage tweeting from the former guy has finally died down. It remains to be seen if this announcement is credible as there are pending legal and financial challenges that could potentially stand in the way of such an undertaking.
Having two plans to save the world, and being Elon Musk, the questions are fascinating and a bit bizarre
It was bound to happen, sooner or later. So many fantastic triumphs over evil – starting a company with a goal of accelerating sustainable energy and transportation. And then , not only succeeding at that but challenging the fossil fuel industrial complex, beating them, then basically forcing the major automakers across the globe to finally make the shift into all electric vehicles.
And SpaceX, though launching rockets is a messy thing, at least the Starlink Satellite Broadband internet project is something that will help humans all over the earth to decentralize, potentially a much needed option, if or when the coastlines begin to shrink and overpopulated coastal megalopolises are at the bottom of the ocean.
Forever win streak has an end in sight?
But Mars? There are some questions about that. For example, if the Earth rescue is so important, and if it succeeds (please!) then why would anyone want to live in a place like Mars?
Elon Musk replies cryptically to this lovely Mars Clip
As Shannon Stirone wrote in the Atlantic this week: Mars Is a Hellhole. And further: Colonizing the red planet is a ridiculous way to help humanity. Ok. There are issues. It’s a bit cold, an average surface temperature is a deadly 80 degrees below zero according to the article. Wow, and it has no magnetic field to help protect its surface from radiation from the sun or galactic cosmic rays; it has no breathable air.
Those are all enough for anyone to want to double down on the whole “let’s fix the earth” thing.
Unless…. Musk being the genius that he is, could it be that he is hedging his bets? Has he basically already decided that this whole Climate Change thing has already gone too far? And Earth is beyond saving?
Others have pointed out that by putting even a tiny fraction less effort into saving this planet in order to try and colonize another one, one that is 3.7 billion miles away, btw, could jeopardize the slim chance still there that climate change can be slowed, stopped, even reversed before it’s too late.
A list of goals and accomplishments that dovetail nicely into a world saved, or?
So what is the Mars thing really about then? I have to be honest it might be just fine. Give “Emperor Elan” the benefit of the doubt. Tesla’s are damn S3XY and they are also a perfect first step into transforming the world transportation and even energy generation and storage into something sustainable, and that’s downright perfect: utopia and having the time of your life all at once.
So, why not just throw in Mars and a nice little colony there, just for kicks? The whole mental-telepathy, Neurallink, thing, that’s gotta be useful too and, along with AI and Hyper-loop, let’s do it all, shall we?
Perhaps it does all fit together in some way that is invisible to the rest of us. Why, when Earth seems to need all our attention, particularly with political inaction and even obfuscation and attempted sabotage of the paths to a green future, why put so much into Mars right now?
Hopefully the answer is right around the corner, or at least less than 3.7 billion miles away.
A site in Syria was struck by the US military. The site was used by militia groups backed by Iran. This follows reported rocket attacks against American forces in the area, CNN reports, citing source as a “US official.
This was the first known military action since the inauguration of President Joe Biden. Though the site that was hit had no known direct involvement in the rocket attacks, but Shia militias operating in the area, and backed by Iran were believed to have used the facilities.
According to Pentagon spokesman John Kirby the stakes were carried out “at President Biden’s direction” and were not just authorized in response to recent attacks on American and coalition forces, but to deal with “ongoing threats to those personnel.”
Kirby said that Biden conducted the strikes after consulting with US allies, including coalition partners.
On Monday, State Department spokesman Ned Price said “We have stated before that we will hold Iran responsible for the actions of its proxies that attack Americans,” and that “many of these attacks have used Iranian made, Iranian supplied weapons.”
Statement from Pentagon press Secretary:
Pentagon statement on US air strikes against targets in eastern #Syria. The raid reportedly was carried out by US Air Force F-15E Strike Eagle aircraft. The statement was sent out at 1954 EST 25 Feb https://t.co/x4ueUseu3Npic.twitter.com/EbS2Yk9npJ
Never before seen footage of rover descended through the Martian atmosphere
Courtesy of NASA, now everyone can see firsthand how the Perseverance Mars Rover landed on the red planet. Launch in July of 2020 it reached it final destination on Thursday, February 18, 2021, at the landing site in Jezero Crater.
The video of the landing has already provided what were, undoubtedly, some of the most iconic visuals we have seen in the history of space exploration. Yet the Perseverance is only just getting started as its primary mission will be to search for signs of life (or rather to find out if remnants of past microbial life prove that it ever existed).
Jezero Crater / NASA
In a press conference, Michael Watkins the director of NASA’s Jet Propulsion Laboratory said:
“This is the first time we’ve been able to actually capture an event like the landing of a spacecraft on Mars,” he continued, “We will learn something by looking at the performance of the vehicle in these videos. But a lot of it is also to bring you along on our journey, our touchdown to Mars, and of course, our surface mission as well. These are really amazing videos.”
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In addition to the impressive photos that the cameras on the Mars rover has taken thus far, it also was equipped with two microphones that was able to capture the sounds of the wind blowing on the surface of Mars that you can listen to via soundcloud.
Odd facts that illustrate the world today where Elon Musk says BitCoin is “less dumb” than cash. He’s right. Cash also known a “fiat currency” is a piece of paper with a promise to pay on demand nothing in exchange when presented.
It does have a legal framework behind it, meaning you go to jail if you try to use your own version. There’s that.
The Tesla CEO said that investing in Bitcoin is a “less dumb form of liquidity than cash” after his company bought $1.5 billion of the cryptocurrency.
“To be clear, I am not an investor, I am an engineer,” he said on Twitter. “I don’t even own any publicly traded stock besides Tesla.”
The idea that Tesla and other companies are having concerns over the stability of cash, and concerns over the effectively negative interest rates in the mean time is clear.
Bitcoin may not be a solution that will be permitted by the Government (think gold in 1934). But a reckoning is a-comin’ and it will get interesting.
There is no doubt that Elon Musk is a genius who is doing great things. Perhaps it is his genius for finance that is most underestimated, however, considering his funding success throughout the years.
Some stats:
Regulatory Credits, aka, Carbon Tax credits, as per CNN:
It’s a lucrative business for Tesla — bringing in $3.3 billion over the course of the last five years, nearly half of that in 2020 alone. The $1.6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million — meaning Tesla would have otherwise posted a net loss in 2020.
“Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit [on Bitcoin holdings] over the last month…To put this in perspective, Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling its EVs in all of 2020…” source: Wedbush’s analyst Dan Ives
SpaceX income in U.S. Gov contracts and subsidies:
LA times estimated that already by 2015 Various Musk led businesses took in over 4.9 billion in government income:
“Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups.” – LA Times
“The research note titled SpaceX: Raising Valuation Scenarios Following Key Developments, listed the company’s recent $1.9 billion funding round and the “continued momentum in winning government contracts” (mainly from NASA and the U.S Department of Defense) as key reasons for its revision of SpaceX’s value. The note doesn’t bother to mention important financial details like SpaceX’s current revenue or estimated revenue for 2020 or even 2021. Or whether SpaceX is profitable or not.”
According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the paper fiat issued by central banks. #Gold is not BS. It's real money and better than both!
Earlier in the year, Warner Bros. announced its plan to release ALL its 2021 movies in an unprecedented, unique hybrid, consumer-focused, yet very 2020 way. Releasing its films theatrically worldwide, while also adding exclusive access to the HBO Max streaming platform on the same day for a one month period (U.S. only).
For January, we got “The Little Things” , next up and currently available, “Judas and the Black Messiah” the Golden Globe nominated film for best original screenplay.
https://youtu.be/xhXFYEeiLSU
The historical dramatization follows FBI informant William O’Neal played by LaKeith Stanfield who infiltrates (and ultimately betrays, hence Judas) the Illinois Black Panther Party and tasked on following its charismatic leader Fred Hampton played by Daniel Kaluuya.
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Up until this point, fans have only gotten a small taste of what to expect with a teaser trailer and “first look images” for the upcoming “Mortal Kombat”. The time has finally come. Wait no longer, Warner Brothers’ live-action film inspired by the popular fighting video game franchise dropped its official trailer and its awesome! The trailer is pretty violent, which most likely suggests the movie will keep in line with the famously gory and brutality shown within the video game series.
In anticipation for the new trailer, the official twitter account for the movie also shared a series of moving posters, showing a more detailed look into the well-known favorites like Mileena (Sisi Stringer), Kung Loa (Max Huang), Sub Zero (Joe Taslim) and Shang Tsung (Chin Han) to name a few.
The synopsis for the upcoming cinematic adventure according to WB:
In “Mortal Kombat,” MMA fighter Cole Young, accustomed to taking a beating for money, is unaware of his heritage—or why Outworld’s Emperor Shang Tsung has sent his best warrior, Sub-Zero, an otherworldly Cryomancer, to hunt Cole down. Fearing for his family’s safety, Cole goes in search of Sonya Blade at the direction of Jax, a Special Forces Major who bears the same strange dragon marking Cole was born with. Soon, he finds himself at the temple of Lord Raiden, an Elder God and the protector of Earthrealm, who grants sanctuary to those who bear the mark. Here, Cole trains with experienced warriors Liu Kang, Kung Lao and rogue mercenary Kano, as he prepares to stand with Earth’s greatest champions against the enemies of Outworld in a high stakes battle for the universe. But will Cole be pushed hard enough to unlock his arcana—the immense power from within his soul—in time to save not only his family, but to stop Outworld once and for all?
Mortal Kombat” is scheduled for release in theaters and HBO Max streaming platform (available for 31 days from theatrical release) starting on April 16, 2021.
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