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Biden to CANCEL Elon's Purchase of Twitter!

10m 23s1,819 words269 segmentsEnglish

FULL TRANSCRIPT

0:00

hey everyone me Kevin here boy oh boy if

0:02

Elon Musk knows how to play 4D chess we

0:06

could literally before our eyes be

0:08

seeing the unfolding of that 4D chess I

0:11

mean this is absolutely remarkable

0:13

because now there's talk about

0:15

potentially the United States government

0:17

the Biden Administration potentially

0:20

shutting down the Twitter deal and so

0:23

obviously this is leading Twitter shares

0:25

to have a little bit of pressure under

0:28

their stack uh Twitter shares right now

0:30

down only about four percent in

0:32

pre-market they were down about 16 so

0:34

some of that pain has gone away but it's

0:37

another stain in this potential deal

0:39

going through and in this video we're

0:42

going to talk about how could

0:44

potentially the government shut this

0:47

deal down but then we'll also talk about

0:49

is it possible that Elon Musk coaxed or

0:54

invited the government to potentially

0:56

shut this deal down because after all he

0:58

does a lot of maybe buy AI Twitter and

1:01

even though he's coming across as

1:02

wanting to buy Twitter and posting

1:04

tweets about how he's going to buy

1:06

Twitter how could he behind the scenes

1:08

actually be making it unappetizing for

1:12

the government to allow the steel to go

1:13

through maybe dragging this deal out to

1:16

April when Elon musk's financing finally

1:19

expires he's got about six months to go

1:21

before his financing expires and that is

1:24

his remaining contingency obviously

1:26

borrowing the government just completely

1:28

blocking this if this gets delayed until

1:30

April and Elon musk's financing

1:32

contingency expires the banks will

1:34

almost certainly walk away from this

1:38

deal for Elon Musk which the deal not

1:40

happening that is Elon buying a Twitter

1:43

not happening would probably be a good

1:45

thing for things like Tesla stock but

1:47

folks let's jump into some of the

1:50

details here so there is this committee

1:52

it's kind of like a secretive committee

1:54

called the committee on foreign

1:56

investment in the United States this is

1:58

a committee that it sometimes operates

2:01

under the cover of Darkness that is it's

2:03

not a surprise that Joe Biden came out

2:05

and the Biden Administration like oh we

2:06

had no idea they were potentially

2:08

investigating Twitter you know but then

2:09

again you know politics is such that on

2:12

one hand you're kind of like oh I had no

2:13

idea but on the other hand you kind of

2:15

ordered it that part doesn't so much

2:17

matter but this committee has been

2:19

responsible for blocking some of uh

2:22

Trump's doings Obama's doings uh

2:25

regarding Trump there's been a lot of

2:27

involvement regarding this committee and

2:29

a trump and China but more importantly

2:31

this is a committee that reviews

2:33

Acquisitions generally by uh or in the

2:37

United States by Foreign buyers to make

2:39

sure if they're legally possible and

2:41

after all the Twitter deal is

2:43

interesting because you've got a lot of

2:44

investors in it like binance who's owned

2:47

by a Chinese foreign National you've got

2:50

uh the PRI or the prince of us one of

2:53

the princes of Saudi Arabia I'm gonna

2:56

mess this up but I think it's

2:58

my best pronunciation attempt and you've

3:02

got the uh Sovereign wealth fund of

3:04

Qatar so you've got a lot of these

3:06

foreign organizations and institutions

3:09

and people involved in the Twitter deal

3:11

and so it makes sense that the committee

3:13

on foreign investment in the United

3:14

States would be involved but you wonder

3:16

if this committee is potentially being

3:17

weaponized to stall the deal

3:20

uh for some fear that the sweater deal

3:24

will have some form of National Security

3:26

risk now is it potentially possible that

3:30

this committee wasn't actually worried

3:33

about blocking Twitter until Elon the

3:35

Twitter deal until Elon Musk started

3:37

causing some controversy

3:40

over the last few weeks now I talked

3:42

about and summarized all of the

3:44

controversies going on with Elon Musk

3:46

and I'll put a little pin up here

3:47

somewhere for the prior video on exactly

3:50

this but one of the things to consider

3:52

is the summary Elon Musk has kind of

3:57

hinted at having talked to Putin now he

3:59

previously says that was only about

4:00

starlink but then he started running

4:02

polls that somewhat made some people

4:05

think that Elon Musk was using Putin and

4:08

Kremlin talking points which raises the

4:12

prospect of wait a minute what if elon's

4:14

compromise now I I don't I think a lot

4:17

of us don't think he actually is

4:18

compromised we don't actually think he's

4:19

a comrade but it raises the Specter of

4:24

such and Elon as the master 4D chess

4:28

player potentially knows hey if I start

4:31

getting myself involved on Twitter with

4:35

negotiating peace in Ukraine between

4:38

Ukraine and Russia

4:39

maybe the committee on foreign

4:42

investment in the United States will

4:44

start wondering oh maybe there is a

4:46

national security risk here oh but let's

4:49

talk National Security Elon Musk sued

4:52

the Department of State for the right

4:55

and the U.S Air Force for the right to

4:57

compete in the satellite airspace to get

5:01

starlink network bands uh you know

5:04

rather than only companies like Boeing

5:06

and Lockheed having the right to compete

5:08

so now starlink is out there and oh what

5:12

just happened with starlink oh Elon Musk

5:14

suggesting hey the Pentagon should cover

5:16

the cost of 20 million dollars per month

5:19

for servicing Star Lake in Ukraine now

5:21

we made a whole video on on thoughts on

5:24

this and details on this elon's decided

5:26

to ultimately cover the bill and there

5:28

are so many debates about hey he said he

5:29

was donating why is he now asking and

5:31

then Elon says well I was asked to ask

5:32

whatever that part doesn't matter what

5:35

you have to think of for the purposes of

5:37

this video here and this Twitter deal is

5:40

that think about it if Elon Musk wanted

5:43

the government to stop the Twitter deal

5:46

from happening what would he do and how

5:49

does that compare to what he is doing

5:50

well he would create the impression that

5:53

him owning Twitter as a national

5:55

security threat oh negotiating peace

5:58

with Russia hmm that's somewhat of a

6:00

national security threat turning

6:03

potentially turning off the

6:04

communication systems for Starling for

6:06

Ukraine that's a national security issue

6:09

here's another one the Washington Post

6:11

okay wait wait wait let me let me phrase

6:13

it this way another one what if Elon

6:16

Musk just goes in and fires everybody at

6:18

Twitter well gosh that would be a bad

6:20

look on the Biden Administration right

6:22

so National Security risk if you're

6:24

talking to Putin or talking about peace

6:27

with Putin National Security risk if

6:29

you're shutting off internet or taking

6:30

control of Internet threatening money

6:31

right like that's a risk and three if

6:35

you're threatening to cut a bunch of

6:36

jobs that's a risk and so one and two

6:38

have happened what's happened with

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number three oh Washington Post all of a

6:43

sudden reporting that Elon Musk is

6:45

confidentially suggests testing he might

6:48

cut 75 percent of Twitter's Workforce in

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a matter of months now

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that might be necessary all of these

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things could just happen to be part of

6:58

the plan anyway but boy oh boy if you

7:01

wanted to weasel your way out of this

7:03

deal

7:04

and or potentially just drag the deal

7:07

out to uh April when financing expires

7:10

why not potentially create this

7:13

slander right or or slanderous

7:16

opportunity right before no maybe it's

7:18

not even necessarily standard but this

7:19

opportunity to uh make yourself look

7:22

like a jobs villain right before an

7:24

election right before an election make

7:27

yourself look like the job's villain so

7:28

if the buying Administration lets Elon

7:30

Musk go through it's like here he goes

7:31

now he's just gonna fire 75 of Twitter's

7:34

Workforce Jordan's got a good amount of

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employees I mean number of employees

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let's see how Twitter has 7 500

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employees okay that's a lot of people I

7:44

mean you take you take that and you fire

7:45

75 that's 5 625 people gone White Collar

7:51

jobs gone weed in the course member

7:53

livestream this morning looked at

7:54

obviously snap but we also looked at

7:55

American Express American Express

7:57

starting to take larger losses for

8:00

reserves because they're worried that

8:02

white-collar professionals are going to

8:03

start losing their jobs what this is

8:05

like such a U-turn from American Express

8:07

I mean they're probably not wrong but

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it's a U-turn and it's a red flag okay

8:11

but think about the Ford 30 chess moves

8:14

that are happening here elon's trying to

8:16

run the clock so he's creating a

8:18

national security risk with this

8:21

potential negotiating with Putin this

8:24

potential shutting off starlink and this

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potential laying off of a bunch of

8:28

people I have to say if Elon wanted out

8:30

of the this deal this is like literally

8:33

the perfect Playbook

8:35

for canceling this deal it's brilliant

8:38

now do I support it

8:41

he look he overpaid for the deal he

8:43

screwed up okay he's way overpaying for

8:45

the deal he knows that he's overpaying

8:47

by a factor of two to three for this

8:49

freaking deal okay he knows that look I

8:51

said that back in May uh actually before

8:54

may it was like back in March when this

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was first talked about that's not a

8:57

surprise now we're beating a dead horse

8:59

to say though

9:01

but elon's been saying hey like it's

9:03

okay like I know I'm overpaying but I'll

9:05

make it worth more

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but then he goes further I'll make it

9:09

worth more by maybe negotiating peace

9:11

with Russia or firing 5 600 people

9:14

doesn't actually make you think he

9:16

really wants this deal to go through

9:18

really interesting though to almost

9:21

weaponize the Biden Administration to

9:25

kill the deal now no guarantees the deal

9:27

could still go through the Stock's at 50

9:30

bucks instead of 54.20 it's actually not

9:32

that much of a discount so clearly the

9:34

market is not that worried about it

9:36

right now the Market's only pricing in a

9:39

7.4 uh chance or Arbitrage opportunity

9:43

here that's nothing so if you bought

9:44

Twitter today and the deal went through

9:46

you're up 7.4 that's not worth all the

9:48

crazy risks going up but I'll tell you

9:50

if Elon was trying to cancel the deal

9:51

this is Playbook how to do it this is

9:55

how to get what you want in America yeah

9:57

play the game and I'm not saying it's

9:59

the right thing to do

10:01

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10:03

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10:05

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10:06

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house hack if you're an accredited

10:10

investor get your money out of the

10:11

Twitter deal put it into house hack not

10:13

Financial advice or solicitation go to

10:15

househack.com to learn more because

10:16

there's a deadline coming up in 10 days

10:18

October 31st thanks for watching we'll

10:19

see in the next one bye

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