Musk vs. Gates, Bezos, and More... ☔

𝑬𝒍𝒐𝒏 𝑴𝒖𝒔𝒌.𝑨𝒏𝒅 𝑻𝒆𝒔𝒍𝒂.𝑴𝒖𝒔𝒌’𝒔 𝒂𝒍𝒓𝒆𝒂𝒅𝒚 𝒔𝒑𝒆𝒏𝒕 𝒐𝒗𝒆𝒓 $𝟏𝟎 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 𝒂 𝒃𝒊𝒅 𝒇𝒐𝒓 𝒄𝒐𝒎𝒑𝒍𝒆𝒕𝒆 𝒄𝒐𝒏𝒕𝒓𝒐𝒍. [logo]( Editor’s note At The Classy Investors, we keep an eye out for favorable circumstances we believe will interest our readers. The following is one such message from one of our colleagues I think you’ll appreciate. Dear Reader, The world’s richest men are squaring up. 5 billionaires are backing [this tiny $4 company…]( In an epic battle for control of a trend Forbes reports is worth $130 trillion. John Adams, a remarkable political philosopher, served as the second President of the United States (1797-1801), after serving as the first Vice President under President George Washington. Learned and thoughtful, John Adams was more remarkable as a political philosopher than as a politician. “People and nations are forged in the fires of adversity,” he said, doubtless thinking of his own as well as the American experience. Adams was born in the Massachusetts Bay Colony in 1735. A Harvard-educated lawyer, he early became identified with the patriot cause; a delegate to the First and Second Continental Congresses, he led in the movement for independence. During the Revolutionary War he served in France and Holland in diplomatic roles, and helped negotiate the treaty of peace. From 1785 to 1788 he was minister to the Court of St. James’s, returning to be elected Vice President under George Washington. The 𝐨𝐧𝐥𝐲 thing standing in their way? Adams’ two terms as Vice President were frustrating experiences for a man of his vigor, intellect, and vanity. He complained to his wife Abigail, “My country has in its wisdom contrived for me the most insignificant office that ever the invention of man contrived or his imagination conceived.” When Adams became President, the war between the French and British was causing great difficulties for the United States on the high seas and intense partisanship among contending factions within the Nation. His administration focused on France, where the Directory, the ruling group, had refused to receive the American envoy and had suspended commercial relations. Adams sent three commissioners to France, but in the spring of 1798 word arrived that the French Foreign Minister Talleyrand and the Directory had refused to negotiate with them unless they would first pay a substantial bribe. Adams reported the insult to Congress, and the Senate printed the correspondence, in which the Frenchmen were referred to only as “X, Y, and Z.” The Nation broke out into what Jefferson called “the X. Y. Z. fever,” increased in intensity by Adams’s exhortations. The populace cheered itself hoarse wherever the President appeared. Never had the Federalists been so popular. Congress appropriated money to complete three new frigates and to build additional ships, and authorized the raising of a provisional army. It also passed the Alien and Sedition Acts, intended to frighten foreign agents out of the country and to stifle the attacks of Republican editors. Elon Musk. President Adams did not call for a declaration of war, but hostilities began at sea. At first, American shipping was almost defenseless against French privateers, but by 1800 armed merchantmen and U.S. warships were clearing the sea-lanes. Despite several brilliant naval victories, war fever subsided. Word came to Adams that France also had no stomach for war and would receive an envoy with respect. Long negotiations ended the quasi war. Sending a peace mission to France brought the full fury of the Hamiltonians against Adams. In the campaign of 1800 the Republicans were united and effective, the Federalists badly divided. Nevertheless, Adams polled only a few less electoral votes than Jefferson, who became President. On November 1, 1800, just before the election, Adams arrived in the new Capital City to take up his residence in the White House. On his second evening in its damp, unfinished rooms, he wrote his wife, “Before I end my letter, I pray Heaven to bestow the best of Blessings on this House and all that shall hereafter inhabit it. May none but honest and wise Men ever rule under this roof.” Adams retired to his farm in Quincy. Here he penned his elaborate letters to Thomas Jefferson. Here on July 4, 1826, he whispered his last words: “Thomas Jefferson survives.” But Jefferson had died at Monticello a few hours earlier. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. And Tesla. Franklin Pierce became 14th President of the United States at a time of apparent tranquility (1853-1857). By pursuing the recommendations of southern advisers, Pierce — a New Englander — hoped to ease the divisions that led eventually to Civil War. Franklin Pierce became President at a time of apparent tranquility. The United States, by virtue of the Compromise of 1850, seemed to have weathered its sectional storm. By pursuing the recommendations of southern advisers, Pierce–a New Englander–hoped to prevent still another outbreak of that storm. But his policies, far from preserving calm, hastened the disruption of the Union. Born in Hillsborough, New Hampshire, in 1804, Pierce attended Bowdoin College. After graduation he studied law, then entered politics. At 24 he was elected to the New Hampshire legislature; two years later he became its Speaker. During the 1830’s he went to Washington, first as a Representative, then as a Senator. Pierce, after serving in the Mexican War, was proposed by New Hampshire friends for the Presidential nomination in 1852. At the Democratic Convention, the delegates agreed easily enough upon a platform pledging undeviating support of the Compromise of 1850 and hostility to any efforts to agitate the slavery question. But they balloted 48 times and eliminated all the well-known candidates before nominating Pierce, a true “dark horse.” Probably because the Democrats stood more firmly for the Compromise than the Whigs, and because Whig candidate Gen. Winfield Scott was suspect in the South, Pierce won with a narrow margin of popular votes. Two months before he took office, he and his wife saw their eleven-year-old son killed when their train was wrecked. Grief-stricken, Pierce entered the Presidency nervously exhausted. Musk’s already spent over $𝟏𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in a bid for complete control. In his Inaugural he proclaimed an era of peace and prosperity at home, and vigor in relations with other nations. The United States might have to acquire additional possessions for the sake of its own security, he pointed out, and would not be deterred by “any timid forebodings of evil.” Pierce had only to make gestures toward expansion to excite the wrath of northerners, who accused him of acting as a cat’s-paw of Southerners eager to extend slavery into other areas. Therefore he aroused apprehension when he pressured Great Britain to relinquish its special interests along part of the Central American coast, and even more when he tried to persuade Spain to sell Cuba. But the most violent renewal of the storm stemmed from the Kansas-Nebraska Act, which repealed the Missouri Compromise and reopened the question of slavery in the West. This measure, the handiwork of Senator Stephen A. Douglas, grew in part out of his desire to promote a railroad from Chicago to California through Nebraska. Already Secretary of War Jefferson Davis, advocate of a southern transcontinental route, had persuaded Pierce to send James Gadsden to Mexico to buy land for a southern railroad. He purchased the area now comprising southern Arizona and part of southern New Mexico for $10,000,000. Douglas’s proposal, to organize western territories through which a railroad might run, caused extreme trouble. Douglas provided in his bills that the residents of the new territories could decide the slavery question for themselves. The result was a rush into Kansas, as southerners and northerners vied for control of the territory. Shooting broke out, and “bleeding Kansas” became a prelude to the Civil War. So why do these 5 billionaires — Bill Gates, Jack Ma, Richard Branson, Michael Bloomberg, and Jeff Bezos — believe this tiny $4 company could beat Tesla? By the end of his administration, Pierce could claim “a peaceful condition of things in Kansas.” But, to his disappointment, the Democrats refused to renominate him, turning to the less controversial Buchanan. Pierce returned to New Hampshire, leaving his successor to face the rising fury of the sectional whirlwind. He died in 1869. The Presidential biographies on WhiteHouse.gov are from “The Presidents of the United States of America,” by Frank Freidel and Hugh Sidey. Copyright 2006 by the White House Historical Association. [𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐚 𝟑𝟎-𝐬𝐞𝐜𝐨𝐧𝐝 𝐝𝐞𝐦𝐨 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐚𝐧𝐬𝐰𝐞𝐫.]( Andrew Jackson was the seventh President of the United States from 1829 to 1837, seeking to act as the direct representative of the common man. More nearly than any of his predecessors, Andrew Jackson was elected by popular vote; as President he sought to act as the direct representative of the common man. Born in a backwoods settlement in the Carolinas in 1767, he received sporadic education. But in his late teens he read law for about two years, and he became an outstanding young lawyer in Tennessee. Fiercely jealous of his honor, he engaged in brawls, and in a duel killed a man who cast an unjustified slur on his wife Rachel. Jackson prospered sufficiently to buy slaves and to build a mansion, the Hermitage, near Nashville. He was the first man elected from Tennessee to the House of Representatives, and he served briefly in the Senate. A major general in the War of 1812, Jackson became a national hero when he defeated the British at New Orleans. In 1824 some state political factions rallied around Jackson; by 1828 enough had joined “Old Hickory” to win numerous state elections and control of the Federal administration in Washington. In his first Annual Message to Congress, Jackson recommended eliminating the Electoral College. He also tried to democratize Federal officeholding. Already state machines were being built on patronage, and a New York Senator openly proclaimed “that to the victors belong the spoils. . . . ” Jackson took a milder view. Decrying officeholders who seemed to enjoy life tenure, he believed Government duties could be “so plain and simple” that offices should rotate among deserving applicants. As national politics polarized around Jackson and his opposition, two parties grew out of the old Republican Party–the Democratic Republicans, or Democrats, adhering to Jackson; and the National Republicans, or Whigs, opposing him. Regards, Maria Bonaventura Senior Managing Editor, Rogue Economics [logo]( You received this email as a result of your consent to receive 3rd party offers at our another website. Email sent by Finance and Investing Traffic, LLC, owner and operator of The Classy Investors. The Classy Investors, its managers, its employees, and assigns (collectively “The Company”) do not make any assurances about what is advertised above. 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