The Unreformed Broker

Governor Little sounds no different than Katie Porter the other night. Zero daylight between blue states and red states on illegals. Idaho Governor/staff is KNOWINGLY breaking federal immigration laws.

The DOJ's deadline to charge Fauci for lying under oath about funding gain-of-function research in Wuhan is in 6 days. We can’t allow the statute of limitations to run out. He MUST be charged! Agree? RT.

@BarackObama Racist says what?

Today’s Supreme Court decision effectively guts a key pillar of the Voting Rights Act, freeing state legislatures to gerrymander legislative districts to systematically dilute and weaken the voting power of racial minorities - so long as they do it under the guise of “partisanship” rather than explicit “racial bias.” And it serves as just one more example of how a majority of the current Court seems intent on abandoning its vital role in ensuring equal participation in our democracy and protecting the rights of minority groups against majority overreach. The good news is that such setbacks can be overcome. But that will only happen if citizens across the country who cherish our democratic ideals continue to mobilize and vote in record numbers - not just in the upcoming midterms or in high profile races, but in every election and every level.

@Cernovich Realizing how ETF's avoid taxation on gains vs mutual funds being required to pass them on to the end investor is crazy and a lesson on good lobbying - . Total scam.

ZIRP / cheap money means the smartest people in the world spent the last 20 years finding novel ways to front run trades and skim fractions of pennies at scale. Ron Paul was right about everything. Without fiat currency, these people would be doing something useful.

Scott Adams on the SPLC: “So you can’t trust anybody who gets paid by the amount of hate they identify…they’re gonna find some hate.” Boy is this man missed.

@Jason Yes, want a new SUV but feel stupid buying a car without FSD.

if anything remotely close to this CyberSUV concept drops, it will take over the entire SUV category Would love to have hyper-lifted feature in this, in order to navigate Tahoe blizzards!

@SaraEisen @davidfaber @carlquintanilla You go Sara. Those two were so disrespectful and rude to you today. Wrong, smug and rude, the embodiment of the left.

Yes @davidfaber @carlquintanilla the rising allure of socialism…. “After hearing each description, 74 percent of likely Democratic voters said democratic socialism comes closest to their viewpoint, while 16 percent said the same of capitalism.” politico.com/news/2025/09/1…

@KTmBoyle When I was little - 40 years ago, I remember hearing how in Russia "Everything was political". Even sports was political there. Now our government is so big and has so much influence on our daily lives that we are in the same sad situation.

These young women have always existed, and they’re usually pretty happy and normal. Hard to remember this, but there used to be a time where politics and the news cycle wasn’t central to the daily experience. People subscribed to the local paper for classifieds, movie times, obituaries. The nightly news broadcast was for serious people. Fifteen minutes was enough, expanding it to thirty was pushing it. It’s sad that there’s fewer of these people now, since we’ve normalized news as entertainment and something that must be discussed and debated at all times.

@thesovereignman Let's swap the camera guy for the Senate guy and give them each other's positions.

Hilarious-- watch the camera operator's disgust as Senators talk about creating a new $1.5 trillion investment fund to save Social Security. Regular, working people understand that giving more money to the government doesn't solve anything. It's just a magnet for fraud.

@CourtReagan @CNBC @blackstone Was it your meltdown about having taken Tylenol when you were pregnant?

After 20 years at @CNBC, I’m starting a new chapter. I’m joining @Blackstone as Senior Editor of Blackstone Insights, focused on translating Blackstone's unique insights into clear, compelling signals for investors. Excited for what’s ahead and grateful for the journey so far.

@DougKass Don't you think most of the hate that you get is because you're a libtard? Most people understand good and bad market calls, but when you still believe the Russia hoax, you deserve ridicule.

Twitter can be ridiculous and difficult to consume. I occasionally show my trades/investments on X as an accommodation. Beyond the trolls and attackers, when I show my trades in real time I am criticized. When I don't show my trades I am criticized. So, going forward I will deliver absolutely no real time or even delayed reports of my trading and investing activities. To see them in real time, you can go to @thestreetpro where I have been writing a daily log for 28 years (!!!) and there I am fully transparent - showing why I engaged in a stock, when I engaged in an equity/ETF and the weighting. As well as my exiting of positions (as I showed on my X thread on Friday). The haters have screwed the lovers, again - but I have lost patience and have to ask myself why I should even bother to make those contributions on X. @dougkass

@Cernovich How many years would you pay 5% interest before you would have have been better off paying 15% capital gains tax?

Past a certain amount of stock holdings, a person can live without paying taxes. It’s not widely known as people would riot.

An Alternate View of the Post-AI Labor Market AI collapses software costs and automates database drudgery. This newly affordable efficiency makes demand explode, creating new complex problems that future companies with human employees will solve. Yet if job destruction outpaces creation, we risk a historical societal revolt instead of a technological breakthrough. ---- The fear echoed in the Citrini Research report that AI will usher in a doomsday labor market fundamentally misunderstands the nature of business. At its core, every business exists to solve a human problem. A hospital treats illness, automakers create affordable transportation, restaurants serve cheap fast food, and homebuilders create dependable housing. The fatal flaw in Citrini’s narrative is the assumption that humanity has a finite number of problems. Solve the current problems, and we will not create new ones. Creates More Problems When technological progress makes resource usage more efficient, Jevons Paradox suggests demand for that resource explodes higher. If agentic AI brings the cost of drafting a lawsuit down to near zero, a lawyer is not going to pack up and go home. He or she is going to file exponentially more lawsuits, creating massive new demand for legal defense and judicial review. MIT labor economist David Autor argues that while automation changes tasks, it does not destroy human work. We will use freed up time to expand what is possible and invent entirely new complex problems that require new companies with human employees to solve. Winners and Losers The first wave of this disruption is already driving the broadening market rally as software development costs are collapsing to zero. Historically, companies like Salesforce and Bloomberg spent billions building desirable software products. They rely on expensive per-seat pricing to fund these massive builds. Thanks to agentic AI, a few coders can recreate parts of a CRM or a data terminal in months for a fraction of the cost while offering it substantially below legacy companies’ current pricing. A CTO looking at thousands of per-seat licenses will easily justify tearing out embedded legacy systems to save tens of millions. * Loser – Companies that spent a lot of money creating software. * Winner – Companies that spent a lot of money purchasing that software. Breaking Free From the Database Modern knowledge work has devolved into a mind-numbing exercise in which workers are chained to a screen updating databases. Even the simplest task requires begging a database for permission, beginning with the universal frustration of trying to log in with a username and password. Ethan Mollick, a professor at the Wharton School, champions AI for its ability to eliminate this exact workplace drudgery. Agentic AI will take over database management, freeing us to make judgment calls and actually problem-solve. The office will stop being a screen prison and return to being a hub of collaboration. Scarcity Versus Overhead When a job is disrupted, the outcome depends entirely on which part is automated. For 150 years, the hard part of driving a London taxi was passing the knowledge test. This involved memorizing 25,000 streets and nearly 20,000 landmarks. This took three or four years, often riding around London on a moped. This knowledge created a scarcity of qualified drivers, allowing them to command a premium wage. GPS automated this scarcity into a free app, flooding the market with new competitors (Uber/Bolt), which flattened wages. Technology took away the hard part of being a taxi driver, making the role less valuable. On the flipside, computers automated tedious data entry for accountants. Because the hard part of human judgment remained, accountants used freed up time to solve complex problems, recasting their role from bookkeeper to financial advisor. Technology took away the easy part, making the worker more valuable. The Myth of the Broken Apprenticeship Critics argue AI will destroy the apprenticeship model by automating junior-level grunt work. Mindless data entry does not teach high-level strategy. When the drudgery is removed, young workers can focus on the hard part of the job from day one. Instead of destroying the apprenticeship, AI accelerates it. We saw this exact fear when computer-aided design (CAD) replaced hand drafting. Senior architects worried young designers would never learn fundamentals without drawing every line by hand. Instead, the new generation learned to build vastly more complex structures. The AI transition will do the same thing for knowledge work. Transition This transition will not be easy. Just look at the struggle C-suite executives faced in embracing hybrid work. If leaders fought a simple change in where people sit, how will they handle the total upheaval of their embedded software and labor models? Will they stay stuck in the past, supervising the database updating? That is exactly why the most exciting companies today are run by 30-year-olds with zero legacy baggage. Additionally, the timeline of that transition matters. During the Industrial Revolution, technology eliminated old jobs long before new ones materialized. Economists call this brutal fifty-year gap (around 1790 to 1840) the Engels Pause, named after Friedrich Engels, co-author of The Communist Manifesto. That gap between job destruction and job creation sparked a massive collective pushback against capitalism that the world came to know as Communism. Karl Marx directly observed this dangerous dynamic, writing that when an instrument of labor takes the form of a machine, it immediately becomes a competitor of the worker himself. If the AI rollout creates a similar, disconnected trade-off in which jobs vanish first and new opportunities appear much later, we will see another collective pushback. Conclusion The post-AI labor market need not be a jobless dystopia or a science-fiction utopia. It will be a turbulent acceleration. The winners will be the agile companies buying cheap software and the workers using AI to skip the hazing of database drudgery. The ultimate test, however, is not technological. It is societal. We must ensure the gap between the jobs destroyed and the complex problems we invent is as narrow as possible. If we fail to bridge that gap, the next great innovation will not be a new software model. It could very well be a revolution.

As usual, I hold the least popular and MOST ACCURATE opinion. Bombing the mullahs isn’t war.

@seanmdav What a pathetic attempt to "Protect your privacy". Disabling a service to help save people and pets the trauma of lost dogs so what? Ring might know how many Amazon packages you get? They already know. Ask Savannah Guthrie if fake privacy is worth no video of her mom's house.

Horrified by Ring trying to hijack your cameras for the panopticon to spy on everything? Here’s how to block it (assuming they don’t just ignore their own controls and spy on you anyway). Go to the main menu on the upper left of the app and scroll down to Control Center. Click that, then scroll down to Search Party. Click that, then disable both the Lost Pets and Natural Hazards options. Or you could just not use any of their Orwellian spy devices.

@newstart_2024 A good ho always gonna have a job.

Yuval Noah Harari warns that AI will most easily replace the narrow cognitive skills society has long prized in education—math, engineering, word-based tasks, numbers, charts, technical drawings. The skills likely to remain valuable in 5–10 years are those that combine intelligence with physical body/motor coordination, real human social interaction, and emotional depth. His example: martial arts. It demands mental training, physical conditioning, and actual human opponents—elements AI cannot authentically replicate. Anything purely intellectual and narrow? Vulnerable. Anything whole-body, emotionally rich, and socially embedded? Much harder to automate. Which skill do you believe will still be distinctly human and valuable in 2035?

@Puppieslover My 3 month old puppies online dating profile pic

This is Alfonso. He watches his dad relax like this so he relaxes like this now, like he pays bills and taxes and comes home from a long day at work. Just unwinding after providing for the fam. Pls heart him. would save him the comfiest seat ❤️

@biancoresearch Yet the argument for silver is that paper claims exceed physical and that will cause a squeeze higher. Synthetics are larger than the underline of most every asset.

3/4 Wall Street's entry turned BTC into a pseudo-fractional reserve system. 21M cap? On-chain only—price discovery swims in synthetic street "printing." Fractional is inherently unstable. That's why banks need heavy regs (Fed/Treasury/OCC/FDIC). On-chain BTC only needs code.

1/4 I fear this is spot on. @CryptoNobler's thread unpacks $BTC's "synthetic supply" problem. ETFs, structured notes (@CryptoHayes), futures, options, swaps, lending—all flood the system with "paper" BTC. When it swamps real demand, price crashes. x.com/CryptoNobler/s…

@lindayaX @MattBelloni You know if it focuses on race then it comes from a leftist.

@MattBelloni did we need that breakdown???

MELANIA came in at $7.04M for the weekend, lower than the Saturday estimates. Race demos: 75% White, 11% Hispanic, 5% Asian, 2% African American, 8% Native American/Other.

@chamath Nobody cares @chamath . The socialists in California think there'll be more resources left for them. And the OG MAGA take the @Cernovich view that you idiots ushered it in.

Unfortunate update as of today: More calls from friends. The total wealth that has left California is now $1T. We had $2T of billionaire wealth just a few weeks ago. Now, 50% of that wealth has left - taking their income tax revenue, sales tax revenue, real estate tax revenue and all their staffs (and their salaries and income taxes) with them. In other words, by starting this ill conceived attempt at an asset tax, the California budget deficit will explode. And we still don’t know if the tax will even make the ballot. California billionaires were reliable tax payers - 13.3% every year. They were the sheep you could shear forever. Now California will lose this revenue source FOREVER. Unless this ballot initiative is pulled, we will not stop the billionaire exodus. With no rich people left in California, the middle class will have to foot the bill.