President Biden is SCREWING Elon Musk | HUGE LASHOUT

well Elon Musk was rejected again

regarding the Twitter Elon Musk had

tried to meet with the head of the good

old FTC this is an organization and

Twitter has had a long history with back

in 2011 there was an investigation into

Twitter about privacy concerns by the

FTC the Federal Trade Commission and

apparently Twitter paid a 150 million

dollar fine that's a massive amount of

money mind you

150 million dollar fine over alleged

violations of a settlement that Twitter

had with the FTC in 2021 now that

agreement was expanded to prohibit a

Twitter from using certain data like

targeting ads however a former Chief

security officer at Twitter

whistleblue Twitter and basically

brought the FTC right back into

investigating Twitter now Elon Musk is

taking a very

business-like approach which is all

right look if we've got a problem with

the FTC let's set up a meeting with the

head of the FTC and if we set up a

meeting with the head of the FTC then

maybe we can get to the bottom of what

the actual problem is well unfortunately

the head of the FTC rejected Elon Musk

from meeting her instead of actually

providing any kind of communication to

Elon Musk her response was simply no

thanks go ahead and comply with our

regulations and then we'll consider

meeting with you

that's because right now the FTC is

actually taking potential enforcement

action against Twitter multiple cases

from the FTC against Twitter to

investigate their compliance with trade

laws now what's really interesting over

at the FTC is the fact that it's become

a little bit of a hotbed in terms of

potential polarization and the way to

potentially look at this is by examining

the letter from the former commissioner

of the FTC who resigned at the beginning

of this month just March 2nd of 2023 the

previous commissioner of the FTC bailed

out now this is interesting so let's go

ahead and put this up on screen here I'm

not sure how we're going to go ahead and

do that I believe if I push this button

this button ah yeah this is very nice

okay good and then I can throw this

button on oh look at the travel Studios

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enjoy them so anyway take a look at this

particular letter here this is the

former commission commissioner of the

FTC and what do they have to say they

talk about how they're on their third

tour of Duty at the agency and they

believe in this agency is The Little

Engine That Could but unfortunately it

seems that after the Biden

Administration took over some things

started to fall apart at the FTC

remember this is a Federal Trade

Commission for example the Trade

Commission has very particular rules

such as when I get potentially paid to

say go to metcaven.com streaming go I

should potentially also throw up this

little Banner here which says paid

promotion hey look I fixed the spelling

uh anyway so the FTC here says in uh

2020 87 of responding employees agreed

that there are high standards of honesty

and integrity in 2020 83 percent of FTC

employees agree that there was a high

level of respect and in 2020 80 of FTC

respondents agreed that senior leaders

generate high levels of motivation and

commitment in the workforce well

unfortunately after the Biden

Administration took over those numbers

almost halved in 2021 high levels of

standard and honest standards for

honesty and integrity fell to 53 and 21

49 and 22 high level of respect fell

from 83 percent to 49 and 44 for 2122

and generating high levels of motivation

fell from 80 to 42 and 21 and 36 in

2022. in other words the FTC here is

making uh or the former FTC chairperson

or commissioner here is making the

argument that look whatever happened

since Joe Biden came in and suggested

that we were going to sort of minimize

some of the divisiveness in our culture

has actually reduced the efficacy of our

agency's trust in each other if anything

it's become more divided and at the same

time less motivated in fact they go as

far as saying that in 2020 the FTC

brought 79 consumer protection actions

but in 2021 that number declined by more

than half to just 32. the number did

increase in 2022 to 46 but still well

below the 79 actions taken in 2020. here

the commissioner is really arguing the

FDC is becoming less functional for some

reason whatever the reason is but as

soon as the Biden Administration took

over under that leadership whatever

happened whether it was the political

environment whether it was Biden

Administration nobody knows exactly whom

to blame but for some reason this

commissioner is resigning under the

argument that the FTC is becoming much

less efficacious in fact they say that

fraudsters doubled down in 2022 and

consumers reportedly lost 8.8 billion

dollars to fraud an increase of more

than 30 percent from the previous year

yet the FTC took a fraction of the

actions that it previously did and as a

result for the sake of the American

people Mr President I wish you success

in the remainder of your tenure and I

implore you to closely examine the

developments of the Federal Trade

Commission to ensure that your vision of

a return to normalcy is being

implemented with care this person by the

way is uh was is not very excited about

the new commissioner Mrs Khan Mrs Khan

was appointed by the Biden

Administration and Mrs Khan is actually

the individual who rebuffed Elon Musk

from a meeting suggesting ah well deal

with the enforcement action first and

then we'll go ahead and consider any

kind of commentary from you Mr musk now

what I think is really interesting about

this is usually what you find when you

have an agency investigating uh somebody

like an Elon Musk you usually have

bureaucrats who are doing the best

possible job that they can but they are

bound by bureaucratic processes and

entrepreneurs generally don't mesh with

bureaucrats that is nothing to say that

bureaucrats are bad people it's not to

say that entrepreneurs are bad people

it's just to say it's literally like

trying to put a square peg in a round

hole it just does not work entrepreneurs

look at look what's the problem let's

figure out how we can solve the problem

and let's just implement it the next day

if that means we have to flip-flop if

that means we have to change our mind if

that means people have to get fired if

that means things have to be broken to

get it right that's what we're going to

do because ultimately the goal of an

entrepreneur is to make sure that the

Enterprise makes as much money and

provides the best value possible to its

users the best money is important for

not only its employees but also its

shareholders and of course providing the

best value is important for society

however of course we do have regulation

and the role of a bureaucrat is to say

that well that's fine you can have the

motivations of providing the most value

and providing the most shareholder value

so consumer value and shareholder value

but we have to do so within the scope of

our rules and if the scope of our rules

are ones that suggest you must do things

a certain way and you must meet our

check boxes then we're going to continue

to bug you until you complete our check

boxes and Elon Musk is trying to

essentially suggest yeah I'm just going

to try to go to the commissioner here

and maybe we can just work this out and

quite frankly that is very common for an

entrepreneur an entrepreneur who goes

and pounds the table at like the city

building and safety office and says I

want to talk to the manager usually

actually doesn't get very far with

bureaucracies you have to earn your

respect from the bottom up not from the

top down which in entrepreneurship you

get much more sort of a top-down style

of governance in bureaucracies you have

to earn it from the bottom up everyone

at the bottom has to like you for the

next levels to like you and the next

levels to like you the next levels to

like you and it's hard because you

basically have to please every

bureaucrat along the way because all it

takes is one bureaucrat really hating

your guts and you're screwed right so I

mean that's just the nature of

government but uh Elon Musk clearly

exhibits his frustration over this and

uh and and so you could see uh

potentially the the failing of the FTC

here and really doing anything based on

what the FTC is suggesting here even

though they're investigating Twitter is

it possible that they might get less

done under this new commissioner whom

the Biden Administration appointed

because of the internal strife of the at

the FTC yes could that sandbag Elon Musk

even more absolutely and I think that's

an important takeaway here is that the

more Elon Musk gets sandbagged by

Regulators the more risky it is that

Twitter ends up losing money and the

more risky it is that Elon Musk ends up

having to sell Tesla stock to support

Twitter now keep in mind Elon Musk has

made a quote-unquote promise he has

obviously the right to change his mind

quote unquote promise not to sell Tesla

stock into a Tesla stock in 2023 I

personally believe that Elon musk's

selling of Tesla stock 24 million

dollars in 2022 was exactly why Tesla

plummeted to the core of the Earth at

105 at a low and as soon as we had tax

loss harvesting in December which

Amplified that effect along with

shorting and then that flip-flop of

short covering along with re-entering in

in January we've seen a recovery that

can all change if Elon Musk is forced to

sell again that's why I personally

actually am paying attention to what's

happening with Mrs Khan and the FTC I

want to pay attention to this mostly

because I am exposed as a Tesla

shareholder and so I'm going to watch

what The Regulators are doing with

Twitter because unfortunately the nature

of Regulation is one that does not play

nice with entrepreneurs Regulators do

not like people who are Trailblazers

dare we say when you hear the word

Trailblazer try not to think of the car

try to to think of somebody who's doing

something that that just isn't it

doesn't have a clear precedent yet to

some extent crypto is like that with the

Security and Exchange Commission or even

the commodity future Trade Commission

neither agency really knows who has the

power to regulate crypto and Congress

isn't going to do anything to suggest

anything either direction so the only

way the cftc and the SEC can actually

get to the bottom of what their role

should be is by basically asking the

court systems to decide so it's very

understandable for the SEC and the

Commodities future trading commission

probably to file endless more lawsuits

for crypto related claims because really

they're trying to in some extent

find their place via the judicial system

telling them what to do and it's

possible that the FTC will do the same

thing with Twitter which unfortunately

becomes very expensive and very painful

so I think that's something to keep in

mind as an investor in Tesla keep in

mind also that uh there were a lot of

news organizations and and even uh

um prolific athletes who are suggesting

they are not going to pay for Elon

musk's blue check mark for example

LeBron James suggests he is too cheap to

pay for the blue check mark but you also

have other agencies as well suggesting

this I mean LeBron James though somebody

who's worth somewhere around a billion

dollars which makes this pretty

incredible but beyond that the LA Times

the New York Times The Washington Post

BuzzFeed Vox political CNN all those

agencies by the way lean slightly left

all of them suggesting no we don't want

to pay for a blue check mark absolutely

not we won't pay for a blue check mark

screw the blue check mark and so it's

kind of interesting because it's going a

little counter to elon's plan to to

monetize Twitter keep in mind also that

in recent filings uh you've had Elon

Musk value Twitter at about 20 billion

dollars Which is less than half of the

previous 44 billion valuation that

Twitter had it puts it at about 45 to 46

percent uh of the valuation my hair is a

mess right now and I apologize for that

it's bothering me I'm trying to fix it

but then again I can't even really see

it myself who cares and I don't know why

I'm getting distracted by that so

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