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   Ed Bott (edbott@mastodon.social)'s status on Monday, 29-Jul-2024 04:59:17 JST Ed Bott

   "Peter Thiel started the bank run. All of his companies got their money out. Most of their competitors did not get their money out. Many of those competitors might not have survived the week of the FDIC hadn’t stepped in. ...

   "I’m not saying he nefariously intended to bring the bank down in order to gain an advantage over his competitors. ... But the practical outcome would have been a massive, literal bank error in Peter Thiel’s favor."

   https://davekarpf.substack.com/p/three-thoughts-on-silicon-valley

   • HistoPol (#HP) 🏴 🇺🇸 🏴 repeated this.
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     HistoPol (#HP) 🏴 🇺🇸 🏴 (histopol@mastodon.social)'s status on Monday, 29-Jul-2024 04:59:17 JST HistoPol (#HP) 🏴 🇺🇸 🏴

     in reply to

     @edbott

     (1/2)

     I have literally been waiting for this headline to drop: "#PeterThiel started the #BankRun".

     What better way, apart from the #DebtDefault of the #US following the failure to raise the #DebtCeiling*, to bring down the #dollar as #ReserveCurrency?

     "Bottom line: Peter Thiel and #ElonMusk have allied with #Putin and #oil/gas interests to try to undermine the dollar as the world’s reserve currency..."

     https://mastodon.social/@HistoPol/109831481250554425