I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.

But don’t take @ambermruffin’s word for it. You should get references...

A thread

White people are storming the Capitol Building to support a white nationalist president and many people are saying: “If Black people did that...”

Not me, though.

I know.

A thread

Here’s what happened to them when these “patriots” attacked the CAPITAL OF THE AMERICAN GOVERNMENT for—and I can’t stress this enough—SOMETHING THAT DID NOT HAPPEN

Here’s what happened when I covered the George Floyd protests where four officers WERE ARRESTED AND CHARGED WITH MURDER

Here’s what happened when they stormed the capital in Michigan

Kyle Rittenpeacefully protesting after Eric Garner was choked to death

Breaking News:

In a 5-4 decision, the conservative judges on the Supreme Court reject the final death row appeal of a Nazarene minister convicted of teaching Christian Race Theory.

Justice Ketanji Brown Jackson issues blistering dissent, calling it a “crucifixion.”

“I told you she was soft on crime,” says Josh Hawley.

“We can’t have these people teaching these sermons on public mounts, said Galilee Governor Ron DeSatanis. “Telling children to repent for their sins makes kids feel bad.”

33-year-old community organizer and protest leader
Yeshua bin Yusuf, who went by the street name Jesus, was convicted by an all-white jury after his violent arrest resulted in at least one officer losing an ear, according to the police report.

Authorities said his protest organization was really a front for his gang activity. While Jesus confessed that he had about 12 friends who were disciples, he claimed he was not gang affiliated.

“That’s what they all say,” explained Sen. Marjorie Taylor Greene. “He also claimed he was ‘saving’ prostitutes but if you read the message boards, it’s clear he was a sex trafficker. Why else would Mary Magdalene always be around? What do you expect? He was an anchor baby, too!”

A lot of the anger about non-white people voting for a white nationalist is because some people don't understand one inarguable historical truth:

THAT'S EXACTLY HOW YOU BECOME WHITE!

A thread:

First of all, let's all agree that whiteness is some shit people made up. It has no basis in science or even logic.

For instance, for MOST of American history, the Irish weren't considered white and they might be the whitest people on the planet!

Now the Irish WERE NOT slaves, but the English and Scottish considered them "the closest thing to the negro" and "human chimpanzees"

Do you know how far England is from Ireland?

21 miles!

It's like when Brooklyn niggas talk shit about people from Queens.

It was only after the slaves were freed that the Irish moved up on the social ladder. An 1864 Democrat dociment said “There is the strongest reason for believing that the first movement toward amalgamation in this country will take place between Irish and Negroes.”

They were considered athletic, strong and lazy. They could dance, though. Plus, they excelled in boxing.

Does any of this sound familiar?

So how did they become white?

Well, basically, it was because of Gangs.

Thread – Why the Latest Pelosi-backed $2T Stimulus Bill Went Nowhere

1. The Dementiacrats have been holding more virus relief hostage in order to force Republicans to cave and vote for another $2T Dementiacrat porkulus bill instead.

2. Senate Dementiacrats have voted against the Republican’s $500B relief bill targeted at REAL PEOPLE (small business and the jobless) multiple times.

3. A $2T virus relief bill was ramrodded through by House Democrats in March through July when it was signed into law by the President. It contained junk that had nothing to do with virus relief but was the price that Republicans had to pay to get relief to suffering Americans.

4. Dementiacrat bill that San Fran Nan wants to push down our throats now contains $2T more of this crap, as well as relief directly targeted at Blue states to cover pension shortfalls and other past Dementiacrat mismanagement.

5. It’s no wonder why Republicans are telling her to “piss off” on the latest $2T porkulus bill.

This is premature, but I want to walk you though why some of the charges coming through are incredible significant. This is one of the recently unsealed complaints.

1512(b) is a very, very strong crime. Section 1512 is about obstruction of the administration of justice. The statute is supposedly about disrupting court proceedings, but it's broader. The way it's written, Congressional Proceedings count.

The statutory maximum for a single violation of 1512(b) is 20 years in prison. That's a lot. Most related federal crimes—231 civil disorder, 2101 riots—are only 5 years on the top end.

But that's not all.

See, federal sentencing is done via a complicated formula that computes sentencing guidelines.

Sentencing guidelines are based on the statute, the elements of the criminal offense, and the defendant's criminal history. It also factors in things like if the defendant takes responsibility, and takes a plea deal, etc.

1/ Unit economic for founders thread.

Despite being a founder and a student of the subject, I missed out on a key point growing up.

Length of relationship with your customers, order frequency, product usage and utility matter.

They didn't teach me this in business school.

2/ Structured right, products used daily vs weekly vs monthly vs yearly lead to different profitability and scalability paths.

Quiz. Which business would you pick?

a) Enterprise software - US$ 250k one time license
b) Enterprise software - US$ 30k/month recurring subscription

3/ Sound's obvious? Which one did you pick?

Twice in my life I picked A. They were both great businesses, but they didn't compare to B. Especially in the long run.

Looking back, with hindsight, I know I should have picked B.

Why?

4/ Bringing in customers is hard.

When those customers leave after a few orders, your investment in that relationship is written off.

But it is not just about the relationship or investment. It is also about scale.

What are the easiest ways to scale a business?

5/ Think about it?

a) Get more customers - acquire
b) Get existing customers to order again - retain
c) Increase order size - up sell
d) Increase order frequency - cross sell / new use case
e) Get existing customers to get you new customers - referral

(b) to (e) are free.

1/ In @RayDalio's perspective, we are at the very late stages of the long term debt cycle. These long term debt cycles typically take 50-75 years to play out. This cycle began in 1945 when World War II ended and we began the US dollar-dominated world order.

2/ In the words of @RayDalio, "Right now, the world’s major central banks have the least fuel in their tanks since the late 1930s so are now in the later stages of the long-term debt cycle. Because they come along about once in a lifetime most people aren’t aware of them."

3/ Central banks have spent the last decade in a race to see who could devalue their currency the fastest. Near 0% interest rates have meant increased printing of the dollar, euro, and yen. Central banks no longer have the ability to tighten credit so they print money.

4/ Being towards the later stages of the long-term debt cycle there is a global sovereign debt bubble similar to what we saw in the 20's & 30's. In 2019, global debt-to-gdp hit 322% with total debt reaching a new all-time high of $253 Trillion.

5/ The wealth gap has also expanded to levels last seen in the 30's. Historically, inequality and large wealth gaps have eventually led to dire consequences. Periods of conflict and social unrest often marked by taxes, revolutions, or wars.