Peter Djerf

As individuals age most move along the spectrum from love of learning to love of legacy. This helps explain why many go from seeking truth to controlling it. From objective love of life itself to subjective love of oneself. Age has a price, fear mounts with every passing breath.

Lmao

@bigblanchette1 @asiddiqui15 Oh you beat me to it haha

@asiddiqui15 David Palmer

@asiddiqui15 David Palmer

Yea bombing definitely seems like the best option.

Jennifer is 100% correct here. The blind loyalty many Veterans have for companies who sell themselves as “for” the Veteran, end up leading to extreme predatory practices. Veterans United, and even worse, New Day, are predators, ripping off Veterans with excessive points, fees, and rates. Every Veteran should get a local referral to review their offer before ever trusting an online “Veteran Focused” company.

@TOzgokmen Yep, that's my point. If they raise them it'll just create a more extreme drop once the initial effects wear off. Talk about plunging into the abyss.

@PeterDjerf financial markets do not matter; we see everyday how they are manipulated.

If this happens, hold onto your hat @TOzgokmen

Thomas Crooks -- no investigation. Charlie Kirk killer -- fake investigation. Entire Epstein Crime Syndicate - Nada. Joe Kent (asks Kirk questions): now being investigated.

This hits so hard knowing that Ghislaine Maxwell’s dad published all the history books we grew up with in school

My son and my nephew were both 34 weeks. Neither even looked like a preemie at 3 months. Both doing great! This level of evil says a lot about a person's character and ability to tolerate it in their life.

@AdvisorJohn This is good hah

Damn - it’s times like these we could really use those narco terrorists again…

it's amazing how much of the economy is just money laundering, smuggling, fraud, and scams.

Some intelligence is being injected in government. Listen for the screeching from the anti scientific people who blindly assume authority = truth like all good democrats and republicans (when it's their guy).

10yr is up 9bps to 4.35 - what just happened?!

@TOzgokmen I'm pretty sure Iran will fail at defending Hormuz. Trump will finally be able to claim his first major victory.

Looks like fake news to me... on WSJ!

Shout out to Qatar for the worst return on a $400M bribe in history.

TLDR: I am a recovering alcoholic with no fund, no credentials, and no lobbyist. I rebuilt myself from nothing. Then I broke into finance with no degree, no pedigree, and no permission. I parsed SEC filings for a $31.5 billion private credit fund called Cliffwater. Not because anyone asked me to. Because nobody else would. The filings are public, but they are buried in footnotes that are not indexed, not searchable, and not structured for analysis. I have been told by fund managers that nobody even attempts this. Billions of dollars in pension capital, and the people who manage money for a living do not bother to read the filings. So I read them. Every loan. Every amendment. Every semi-annual PIK disclosure. 2,330 positions. I hand-researched fifty. I found 189 loans where borrowers are paying interest with more debt instead of cash. I found over 50 loans that are not generating enough cash to service their debt at all — carried at par on the books of a fund that has never reported a losing month in 41 months. The fund's Sharpe ratio is 3.75. Bernie Madoff — who was fabricating returns and could pick any number he wanted — ran a 3.5. He got caught because the numbers were too smooth by Markopolos. The greatest quant fund in history, Renaissance Technologies, runs a five or six. Cliffwater is claiming risk-adjusted returns that would be impossible even if you insider-traded with perfect information every single time, because the volatility of the underlying markets would still prevent it. Nobody asked questions. Bloomberg confirmed 14% redemptions 48 hours after I published. S&P cut the fund's outlook to negative this week. Cash on hand fell 76% in six months. This is not an isolated fund. This is the structure. $9.4 trillion in private equity. $3.5 trillion in private credit. They all pay their own valuation agents. The valuation agents decide what the funds are worth. No valuation agent has ever been fired for saying the number was too high. The marks produce the NAV. The NAV produces the fees. The fees come from pensions. The pensions come from firefighters and teachers and nurses in Oregon and California and Illinois who will never read a private placement memorandum in their lives. Wall Street ran out of rich people. The endowments were full. The sovereign wealth funds were tapped. So they went downstream — to 401(k)s, to retirement accounts, to interval funds sold to people who have no idea what they own. 1. Direct the SEC and FSOC to examine Level 3 fair value practices across interval funds and BDCs. 2. Require that valuation agents be independent of the funds they mark. 3. State publicly that the current self-marking regime creates systemic risk. 4. Mandate position-level mark disclosure for every fund that accepts pension capital. There are two ways this ends. It breaks all at once like 2008 and we fix it. Or it rots slowly like Japan: one fund blows up, six weeks of quiet, another one, and nobody connects it for a decade while a generation of retirees gets destroyed. I am not asking anyone to take my word for it. I am asking them to read the filings. If you know someone in the administration, a regulator, or anyone on a legislative committee, please send this to them. One person learned this from a one-bedroom apartment. Your government can too. The will is what is missing.

Trump failing at another business? Even with all his Biden style pay to play schemes?

@Kekius_Sage x.com/i/grok/share/7…

🚨 Psychologists say leaving a toxic job can repair your nervous system faster than a year of therapy