Musk, Twitter, and the “Great Blowback”

Big Tech is dying and I feel fine… [Altucher Confidential] October 28, 2022 [WEBSITE]( | [UNSUBSCRIBE]( There ought to be a portfolio labeled: blowback. It would invest in startups that are decentralized and reject anything ESG and DEI. [Hero_Image] Musk, Twitter, and the “Great Blowback” By Chris Campbell [External Advertisement] Is Your Money in a Savings Account, Bonds or Gold? [Click here for more...]( Do you have retirement money in a savings account, in bonds or in gold? If so, you may have made a very big bear market mistake... [Click here to get more details.]( [Chris Campbell] CHRIS CAMPBELL History is a pendulum. An ancient concept called “enantiodromia” -- coined by Heraclitus -- says that, in the event of any form of one-sidedness, the tension of opposing forces causes a spontaneous reversal, or to use the literal translation, a “running counter to.” Newton’s Third Law gets it close enough: “For every action, there is an equal and opposite reaction.” These are principles that operate not just in the Universe, but also in the personal and political social spheres. Pondering this idea, Friedrich Nietzsche -- the famed philosopher who wrote only with a sledgehammer -- said, “but what if pleasure and displeasure were so tied together that whoever wanted to have as much as possible of one must also have as much as possible of the other—that whoever wanted to learn to ‘jubilate up to the heavens’ would also have to be prepared for ‘depression unto death’? And that is how things may well be.” Anyone who has ever partaken in a night of joyous and drunken festivities can relate to this when the alarm clock begins to screech. In the political sphere, we have another word for this: blowback. And that’s the subject of most interest this week. In today’s featured article below, we invite colleague Jeffrey Tucker to rap about enantiodromia, but through a different lens: Elon Musk, the strange death of Big Tech, and what Jeffrey calls “The Great Blowback.” Read on. The Great Blowback Jeffrey Tucker Elon Musk just lived out all our wildest business fantasies. He threw around tens of billions to buy one of the world’s most powerful communication/media tools. He walked into the front door carrying a sink: “let that sink in,” he Tweeted. Later in the day, he fired all the top dogs at the company: the CEO, CFO, and the top censor. They were escorted out of the building never to return. Return those keys! Your parking pass: revoked! Cell phone: dead! It was a total humiliation. Wow, what a dream! Musk has long envisioned manned missions to Mars. This is actually better. It’s what we have all wanted to do. We have suffered for three years under the yoke of these woke creeps and their powers over the public mind. They force-fed us CDC propaganda and blocked our accounts when we doubted the merits of the jab. They absolutely abused their powers, playing footsie daily with government bureaucrats. It gave them a wonderful rush! Truly, there is nothing more insufferable than geeks backed by governments with the ability to cancel whole bodies of philosophy with a few clicks. That’s what they did. I’m glad that Musk thought to make this move on the company. What if he hadn’t? How long would the suffering continue? Possibly forever. It’s all intriguing: freedom of thought and press saved by a capitalist billionaire. Such people must exist and they must act else we would forever live in Orwell’s world. So let us please take a few hours or a day or two to revel in the justice unfolding before our eyes. Such moments in life come too rarely. The symbolic importance of this is even more powerful. Twitter has been the vanguard of despotism, the machinery that made Orwell too real. Their power in the heyday was enormous and unfathomable. They silenced a former president. They took down scientists. They would blast away anyone who dared so much as to post data that contradicted their myths. And keep in mind: they worked DIRECTLY with Fauci and the whole lockdown gang. Today, they are all out on their ears. Some 5,000-plus employees will be fired. It might require tossing out 95% of them. Musk has to rebuild the whole place. This will take some time. But it is truly a labor of love. ***NEW LINK FOR YOU*** [Click here for more...]( Here’s your new link: [Secure link for you]( Jim can barely contain his excitement. He can’t wait to tell you about his newest reveal… …and what it could mean for YOUR financial future. Go here now: [Secure link for you]( Just the Start It so happens that all this glorious news unfolded the same day as the rotting beast once known as Facebook reported dreadful earnings on its new preposterous scheme. The idea of the Metaverse is promising with business applications and more. But Zuckerberg used his market power to grab the word Meta and had the ridiculous idea of renaming the whole company. What was his business idea? He would sell everyone a headset to wear that would allow people to walk around in his cartoon land and yammer with other fools with time to burn. It’s astounding that he thought this would be profitable. You can hardly get people to go to 3D movies at the theater anymore. Generally, people don’t like strapping things on their heads that distort the reality around them. Pokemon came and went and so did Second Life. Google tried something like this with its Glass. All of these fads flopped. Zuckerberg’s cartoon land experience has had very few takers at all. And so it is killing profitability. The stock price is falling like a stone and deservedly so. Again, this was another company that bedded down with government over these three years to scream lockdown propaganda at us. Facebook has been an enormously evil actor throughout. So at least we are seeing justice unfold. Amazon Too We all used to be fans of Amazon. Then came the lockdowns, from which they massively benefitted. That too might have been fine, except that the CEO and owner also owns the Washington Post which became a government propaganda organ throughout the years of winter. Amazon became too rich and too powerful, and then also joined in the deplatforming game, unplugging whole institutions from its servers. So it too is getting its just return. Keep in mind that Amazon has been a huge promoter of woke philosophy in general, including endless “diversity, equity, inclusion” drivel plus climate change fake science thrown in. It led the way of corporate America from its one-time attachment to the general idea of free enterprise to become a voice for the World Economic Forum. Oh and look at this! Alphabet, the parent company of Google, is getting creamed too. This company, along with all the other tech giants needs to be cut down to size. And it looks as if the market itself — the thing that made these companies rich but which they also taught the public to hate — is what is going to do it. Five years ago, George Gilder began speculating that there would be Life after Google. He predicted that all these companies were going to die and be replaced by better technologies that were decentralized and more responsive to their stockholders and the consuming public. The lockdowns made it so. All these tech giants threw themselves into the great crusade and look at them now! They are dominos falling in slow motion, hoisted on their own petard. The great reset has become the great blowback. Look around at what’s thriving today! It’s homeschooling, private school, religious colleges, small businesses, small towns, gas cars, friends and family, beef and potatoes, God and country, country music and rock, manners and marriage, and the whole battery of non-woke institutions that the lockdowns tried to wreck. The Blowback Portfolio There ought to be a portfolio labeled: blowback. It would invest in startups that are decentralized and wholly reject anything and everything having to do with ESG and DEI. It would unashamedly celebrate fossil fuels and grass-fed beasts. It would reject the whole machinery of HR-driven propaganda and imposition. It would love the physical world and reject the whole of politicized commerce. Listen, we are headed toward some terrible times. Inflation is going nowhere, credit card debt is soaring, the housing market has further to fall, and savings are depleted. The kids are as dumb as chickens. We could be in a greater depression that has already begun. It will be a long time before the world is fully righted after the disaster of the last three years. But in the meantime, let’s please have some fun enjoying seeing the mighty fall of the bad guys. May the coup d’etat at Twitter be just the beginning. After all, even the darkest times have points of light. Some of the best dance music ever written came about during the Great Depression. Today is a day for dancing too, this time on the professional graves of woke CEOs and CFOs. Regards, Jeffrey Tucker [CHART] Could Inflation Hit 20%+ In 2023? [Click here for more...]( Take a close look at this scary chart pictured here… What you see is the money supply in America… And as you can see, the number of dollars in circulation has exploded in the last few years. In fact, more than 80% of all dollars to ever exist have been printed since just 2020 alone! Which is why some say inflation could soon explode even higher than it is now, to 20% or more. And if you’re at or near retirement age you must take action now to protect yourself… otherwise you risk losing everything. [Simply click here now to see how to survive America’s deadly inflation crisis.]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2022 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Altucher Confidential e-mail subscription and associated external offers sent from Altucher Confidential, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@altucherconfidential.com. This address is for feedback only. 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