> It’s all in a stock that may very well be near its zenith when this closes
No, it is not. This is not legal or financial advice, but I believe the stock could easily rise 2.5x - not because of its current or future financial condition, but because it is run by what may be the most skilled fraudster our planet has ever breed. Charles Ponzi himself couldn't have pulled this off. While most CEOs are careful about what they publicly say or "predict," Musk's companies are fueled by increasingly fantastical projections. The consequences have amounted to some $1.5 million in SEC fines that, relative to the value created, were negligible - and that was under the previous administration. The current one won't be any more aggressive. The closest comparison I can think of is Trevor Milton and his famous "electric" truck that was filmed rolling downhill under its own momentum. He went to prison for that, although he was later pardoned by Trump. Many people have lost fortunes betting against Tesla based on fundamentals. SpaceX's shareholder list includes so many influential and powerful names, including people closely connected to the current administration, that I find it hard to imagine the stock being allowed to fail in any meaningful percentage. Obviously I'm exaggerating when I say the government would send agents door-to-door to collect valuables from American households to plug any hole in the balance sheet before allowing the stock to fall significantly. But that's honestly closer to how protected I think the company is than what traditional financial analysis would suggest. I'm nobody special, just someone with about $1.8 million in a stock portfolio. Yet this thing called SpaceX stock gives ordinary investors like me a chance to ride alongside the biggest players on their way to even larger fortunes. They are guaranteed not to lose money, and to me its not personal.
Nobody ever said that, at least not as an assertion or prediction. The actual instances of similar language are from multiple people describing their earlier thoughts before they learned it wasn’t true.
Frankly to me the fact Canada is "retooling itself" knowing well that this nightmare should be over in less than 3 years, and most likely next President will be a Democrat, but yet they keep retooling, means their strong (reliable?) assumption is that Trump Administration won't leave the office at all, similar to how Putin stayed in power in what arguingly is a Democratic Country.
A lot of people are still in denial about Jan 6th. They really tried to overthrow the election like actually in physical effect. Not hypothetically. They were trying to not certify the election and it came down to a hairs width. They're going to try to again.
You're missing some of the history here. Canada's initial free trade integration with the US in the late 80s was controversial at the time, with opponents specifically predicting a slow erosion of sovereignty until one day Canada is forced to subordinate itself to the US. What Trump showed is that that concern was correct, although the erosion was fortunately not yet complete enough to force Canada's hand. The Canadian people don't want to be continually dependent on the goodwill of future US Presidents; they want "Canada should the US" to sound like "Taiwan should join the US" or "France should join the US", an obviously impossible idea that even the most vehement partisans would have to explain away rather than trying to make it happen.
This is Trump's second term and MAGA views won't disappear 3 years from now. Even if they assume that there will be a peaceful and lawful transition of power, I can see why they may be planning on the assumption that the "instability" (from their point of view) will continue into the future.
I disagree. You literally have one single human being in charge of 3 main branches of government, and multiple smaller agencies. Noone will manage US like Trump does.
There's a "people won't get tired of our good cop/bad cop bullshit because there's money to be made" attitude in the US that doesn't even reflect our own point of view.
They're retooling because it doesn't matter who the next president is.
It's not just trump anymore. The entire cabinet is project 2025 people, most GOP has turned or was replaced with MAGA. Project 2025 wasn't just about RAGE, it was a sycophant hiring system as people could send in their resumes and get into unelected positions.
The only chance is if the cult spell breaks with trump, as cults rarely survive that. But it at some point it will be too late, their takeover and ability to fuck with elections means you can't vote them out anymore.
It's actually that I think most expect the Democrats to either be to weak to fix it, or not much better even if they can win big. That's part of it, anyways.
That and there's been a clearly protectionist bias also among Democrats as well. We had to lobby the crap out of the Biden admin to get "Buy American" provisions to not exclude some standard Canadian things, etc. etc.
At the same time, flipping things around... it's clear that Carney and Co are holding out for November mid-terms on the trade front. Conservatives here keep lambasting them for not sitting down to bargain with the US to hammer out a deal, which is just the stupidest losingest idea you can think of. Trump is going to get hammered in November -- why would we sign a deal with a loser like that? To our disadvantage?
Same here! none of my home Tvs, most LG and Samsung, have ever seen w Wifi password. Always putting firestick on it and call it a day. At least firestick I can unplug throw away, God only knows what updates TV does that I obviously cannot revert.
> Always putting firestick on it and call it a day.
Aren't you just letting amazon collect and monetize your viewing habits while allowing them to push ads at you? Avoiding ads and data collection are the reasons I'd want to leave my TV offline in the first place.
I have more control over where Amazon shows me ads versus my own TV. Someone will always collect the data, I prefer USA's Amazon does it than Singaporean's Samsung. And I never seen Ads on Firestick, BUT that could be because I'm prime member, which actually works very well in my zip code (there is Amazon distribution Hub about 10 minutes away from my home)
Ashamed of France Poland and Hungary. Hungary is a state regime dictatorship so I get it.. but France and Poland, after everything Poland went thru during WW2 then communism with USSR, who the heck are these people voting FOR ?
No, it is not. This is not legal or financial advice, but I believe the stock could easily rise 2.5x - not because of its current or future financial condition, but because it is run by what may be the most skilled fraudster our planet has ever breed. Charles Ponzi himself couldn't have pulled this off. While most CEOs are careful about what they publicly say or "predict," Musk's companies are fueled by increasingly fantastical projections. The consequences have amounted to some $1.5 million in SEC fines that, relative to the value created, were negligible - and that was under the previous administration. The current one won't be any more aggressive. The closest comparison I can think of is Trevor Milton and his famous "electric" truck that was filmed rolling downhill under its own momentum. He went to prison for that, although he was later pardoned by Trump. Many people have lost fortunes betting against Tesla based on fundamentals. SpaceX's shareholder list includes so many influential and powerful names, including people closely connected to the current administration, that I find it hard to imagine the stock being allowed to fail in any meaningful percentage. Obviously I'm exaggerating when I say the government would send agents door-to-door to collect valuables from American households to plug any hole in the balance sheet before allowing the stock to fall significantly. But that's honestly closer to how protected I think the company is than what traditional financial analysis would suggest. I'm nobody special, just someone with about $1.8 million in a stock portfolio. Yet this thing called SpaceX stock gives ordinary investors like me a chance to ride alongside the biggest players on their way to even larger fortunes. They are guaranteed not to lose money, and to me its not personal.
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