E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee
- Apr 7, 2023
- 1:27:14
- Full Episode
(0:00) Bestie intros! (4:12) Trump indictment (16:52) De-dollarization: What's real and what's overblown? (39:35) Debt ceiling vote predictions (56:36) US investors indirectly backing Chinese AI startups: should it be allowed? Saudi Arabia discloses VC investments as institutional US LPs cycle out of venture (1:10:02) RIP Bob Lee, fixing San Francisco
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Referenced in the show: https://www.cbsnews.com/news/trump-indictment-34-felony-counts-charges-new-york-read https://nymag.com/intelligencer/2023/04/donald-trump-new-york-indictment-bragg-should-not-be-brought.html https://anncoulter.substack.com/p/youre-being-played-republicans https://theweek.com/donald-trump/1022331/former-manhattan-da-says-federal-prosecutors-asked-him-to-stand-down-on-trump https://www.barrons.com/news/china-brazil-strike-deal-to-ditch-dollar-for-trade-8ed4e799 https://twitter.com/DavidSacks/status/1638957986138959873 https://www.illinoispolicy.org/chicago-has-more-pension-debt-than-44-states https://www.yahoo.com/now/social-security-funds-could-run-120000267.html https://wsj.com/articles/the-coming-biden-bailout-of-blue-states-and-cities-rhode-island-california-pension-liability-underwater-rates-svb-5033c1e5 https://fred.stlouisfed.org/series/FYFRGDA188S https://fred.stlouisfed.org/series/FYONGDA188S https://www.longtermtrends.net/us-debt-to-gdp https://pitchbook.com/news/articles/Sanabil-Saudi-Arabia-PIF-disclosures https://www.bloomberg.com/news/articles/2023-03-31/adam-neumann-angles-to-take-new-startup-flow-to-saudi-arabia https://www.theinformation.com/articles/sequoia-and-other-u-s-backed-vcs-are-funding-chinas-answer-to-openai https://twitter.com/rabois/status/1643655946579607565 https://twitter.com/jarvis_best/status/1643667684247371776 https://twitter.com/FrancisSuarez/status/1642862135226126338 https://www.chicagotribune.com/politics/elections/ct-chicago-mayor-election-winner-declared-20230405-plratgzcbrewbngbjcsxwmycgi-story.html
Brief Summary
The episode discusses Mahalo's decline, Trump's indictment, and U.S.-China relations.
Key points
- Trump's Indictment Controversy. Trump faces 34 felony counts, but some argue the case is weak and politically motivated.
- Political Prosecution Debate. Discussion on whether Trump's indictment is a political move or a legitimate legal action.
- China's Growing Trade Influence. China's deepening trade relationships with nations worldwide could shift economic power dynamics.
- U.S. Dollar as a Weapon. The U.S. has weaponized the dollar through sanctions, affecting its reliability as a store of value.
- Pension Crisis in Chicago. Chicago faces a $44 billion pension hole, highlighting the broader issue of unfunded liabilities.
- Debt Ceiling Predictions. Experts predict a straightforward resolution to the debt ceiling crisis.
Episode highlights
- Trump's Indictment ControversyTrump faces 34 felony counts, but some argue the case is weak and politically motivated.“This does seem a little light and I'm hoping Bragg has the goods on him.”5:48Apr 7, 2023
- Political Prosecution DebateDiscussion on whether Trump's indictment is a political move or a legitimate legal action.“This is ripping the country apart for no reason and such a stupid case.”12:18Apr 7, 2023
- China's Growing Trade InfluenceChina's deepening trade relationships with nations worldwide could shift economic power dynamics.“The leverage will sit with them on what currency folks are going to trade in.”19:46Apr 7, 2023
- U.S. Dollar as a WeaponThe U.S. has weaponized the dollar through sanctions, affecting its reliability as a store of value.“Why would you store your money in something that can be taken away by the US?”24:37Apr 7, 2023
- Pension Crisis in ChicagoChicago faces a $44 billion pension hole, highlighting the broader issue of unfunded liabilities.“That's just the tip of the iceberg on unfunded pension liabilities.”30:26Apr 7, 2023
- Debt Ceiling PredictionsExperts predict a straightforward resolution to the debt ceiling crisis.“I think the debt ceiling will get extended.”40:04Apr 7, 2023
- Pension Crisis LoomsPension funds face a reckoning as office tower values decline.“They may not be nearly as valuable as they thought they were.”45:38Apr 7, 2023
- The Dystopian Future of AIThe race for AI productivity is on, even if it leads to dystopia.“We need that productivity boost now, 100%.”56:29Apr 7, 2023
