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  • Ronin posted an update 5 years, 5 months ago

    • Soros dumps his shares in Goldman Sachs, JP Morgan, and Morgan Stanley?! Has any explanation been put out for why? My guess is it has something to do with a currency reset or bank shares crashing, but I don’t follow the market… I realize there could be a more prosaic explanation.

    • Well then I guess I should get some puts on JPM again. I missed that story, thanks for posting.

    • I don’t think subversive Soros the globalist has any influence over Palantir. “The company documents filed with the Securities and Exchange Commission also reveal a complicated arrangement among Thiel, Karp and Palantir President Stephen Cohen, giving the three executives an aggregate minimum of 49.9% voting control, even if they sell a significant amount of shares” https://www.forbes.com/sites/angelauyeung/2020/09/30/palantir-ipo-cements-billionaire-fortunes-for-cofounder-peter-thiel-and-ceo-alexander-karp/?sh=6a09bba225b2

      • I don’t know what Palantir truly is yet but I suspect its technology could be analogous to the impact of Google’s search technology in that it comes along at time of technological convergence and dominates the market. In Google’s case search was able to leverage maturation of the internet and all the information that converged through it. It feels like another convergence is happening (a surveillance information convergence) and Palantir’s technology may come to dominate. Getting to know Theil Karp and Cohen may offer insight. https://www.youtube.com/watch?v=h10kXgTdhNU

        • Above link is Theil on the The Rubin Report. This link is Karp at Davos. https://www.youtube.com/watch?v=MeL4BWVk5-k

        • Apologies, I’ve been traveling a lot recently and am at a disadvantage regarding follow up. James Corbett has covered Palantir quit a bit, if I recall, this is a good starting point:

          The Weaponization of Information in the War of Terror

          • This is a good report, it illustrates the information/government intersection Palantir has been operating at on the gov surveillance side. They are now commercializing that same technology. I’m curious to learn if Theil Karp and Cohen are personally as dualistic as the technology and company they have created. Do any of the three possess an ethos that will fight to use Palatir for good? Will they allow it to be used for bad? Or will they attempt to maintain some balanced dualistic application of Palantir technology? I’ve previously that Karp studied philosophy under a German philosopher after graduating Stanford. I have to find that article again.

            • From the article https://www.nytimes.com/interactive/2020/10/21/magazine/palantir-alex-karp.html

              Karp didn’t even stick around for his Stanford graduation: As soon as classes ended, he left for Frankfurt to begin studying German. His aim was to earn a doctorate in Germany, an ambition kindled mainly by the fact that most of the writers and thinkers he was drawn to were German. After six months, he had mastered enough of the language — despite his dyslexia — to gain admission to Goethe University in Frankfurt. Having Jürgen Habermas as his Ph.D. thesis adviser was a big deal. Habermas was affiliated with the university’s Institute for Social Research, which had given rise to the so-called Frankfurt School, a neo-Marxist movement renowned for its critique of capitalism and culture. In Karp’s words, “If you can get Habermas to work with you for even two minutes, you can be a tenured professor at Columbia.”

              But Karp says he had a falling out with Habermas over his dissertation topic and ended up switching advisers. When I first asked him to describe his thesis, which he wrote in German, he said that it “rebuilt the Parsonian framework to account for the somewhat irrational philosophy of Adorno, basically.” When I later asked for an explanation that I could perhaps understand, he told me that it was about the German writer Martin Walser’s controversial 1998 speech on the limits of wartime guilt and “a parochial form of fascism that occurs by purposely saying things that are incorrect in speech.” (“Parsonian” is a reference to the American sociologist Talcott Parsons; Theodor W. Adorno was a German philosopher and sociologist.) Karp said that although his collaboration with Habermas ended prematurely, it was clarifying. He realized that, however gifted a scholar he might have been, he could never attain the stature of Habermas. “Working with Habermas showed me that I couldn’t be him and didn’t want to be him,” he says.

    • I think Soros represents the faction that wants to bring in corporate communism where one entity owns everything and has full dominion (this is the China model and why it pulled Ant Financial off to be floated on the stock exchange, as they want total control and no capitalism) verses the faction that still wants debt backed capitalism. Soros by dumping his shares in the debt based bankster organisations is saying he backs the WEF communist model of no debt but total dominion. His shares in Palantir are an attempt to control and counter companies that do not want communism and do not want open borders.

      • I suspect the same about Soros Palantir shares. But my knowledge of the factions and their preferred economic models, as well as, how those models truly work, is limited by the half-truths and omissions I was taught in business school.

    • Berkshire Hathaway apparently dumped a bunch of bank shares too: “And while the 90-year-old billionaire added to BofA, he accelerated his liquidation of most other bank positions, including another 46% cut in Wells Fargo shares, a 64% drop in PNC, a 36% cut to his M&T holdings, and almost completely sold out of JPM, where his position declined by 96% to less than 1 million shares from 22.2 million last quarter.” https://www.zerohedge.com/markets/berkshire-continued-dump-banks-bought-new-stakes-pharma-giants-q3