Living in the Past – Stalin v Lenin


Armstrong Economics Blog/Russia Re-Posted Apr 7, 2022 by Martin Armstrong

COMMENT: Hi,
I live in Finland/Helsinki. The Soviet Union attacked Finland in 1939, Stalin was one who arranged a false flag in Manila. A lot of Finnish soldiers and civilians died. But we survived. We Finnish people know Russians extremely well. It is a historical fact that Russians always arrange false flags and try to slave other nations and people. And that is happening just now in Ukraine. Putin attacked Ukraine and he is trying to slave Ukraine.
Best Regards from Finland

JT

REPLY: It is important to not judge a country by its leaders. There are always left and right in every country and no country enjoys 100% approval of its people. Just look at the United States. There are ONLY three presidents who won with 60% or more, FDR 1st term, Johnson following Kennedy’s assassination, and Richard Nixon who promised to end Vietnam. All others won with just a few points over 50%. In the 2008 Election of Obama v McCain score his victory with just 52.9%. Even Lenin warned not to put Stalin in charge.

It is wrong to judge Russia by Stalin and today the powers that be just hate the Russian people and attribute everything to Putin. It is essential to also understand that there is a left and a right in Russia that still prevails today and Putin is a moderate that if ignored by the West, will drive Russia into the hands of the extreme right.

We MUST understand history for there has always been a question of where Russia begins and ends and who constitutes the Russian people. These questions have been debated by Russian thinkers themselves for centuries post-Russian Revolution which ended more than 300 years of tsarist rule. Believe it or not, Putin is NOT trying to resurrect the Soviet Union for that was not even the vision of Lenin – but Stalin.


At first, Lenin was revered as the architect of the new Russia. He was the elder statesman of the Bolshevik revolution. Stalin, on the other hand, was what we would call a Neocon. He was the ambitious party leader with visions of absolute authoritarian control. The two clashed not only over their political vision for Russia but also on a very personal level hurling insults steeped in grudges. It was this battle that actually proved to be too much for Lenin resulting in his premature death.

The conflict between these two Russian leaders reached a climax in the last days of December 1922. This is when 2,000 delegates from all over the former Russian empire gathered together in Moscow to create a new state which would become the Union of Soviet Socialist Republics. The vision of this new state was starkly different between the two men. There were republics of Ukraine, Belarus, and Transcaucasia, which were formally independent of Russia. When Georgy Chicherin, the Soviet Russian commissar for foreign relations, signed the treaty with Germany where each surrendered their claims against the other for war reparations in July 1918, there was a problem of unity. Ukraine and Belarus were independent before 1919 but were then overrun by the Bolsheviks in 1919. They had objected to forgiving Germany.

Ukraine and Belarus took the position that the Russian authorities had no right to speak on behalf of Ukrainian and Belarus. In Georgia, there too they objected insisting that their rights as the members of an independent republic were violated. This is was ultimately set in motion the birth of the final version of the Soviet Union.

It was in August of 1922 when Joseph Stalin created a special commission to recommend a new political model of relations between the communist Party’s Central Committee, Russia and the republics. Stalin’s proposal was called the “autonomization of the republics” whereby the formally independent republics would be incorporated into the Russian Soviet Federation with rights of autonomy. However, the Russian Federation would become the central authority subordinating the formally independent republics. This resulted in a rebellion with the Georgians led the revolt against Stalin’s model. They were joined by the Ukrainians and Belarusians.

This conflict between Lenin’s vision of a union more akin to the United States model and Lenin’s vision of absolute central power resulted in the heated conversation with Feliks Dzerzhinsky, who was the head of the secret police and a supporter of Stalin. Stalin and many of his supporters, such as Ordzhonikidze and Dzerzhinsky, were actually non-Russians. Stalin was Georgian and Dzerzhinsky was actiually Polish. Interestingly, Felix Dzerzhinsky was remembered in St Petersburg on a Commemorative plaque dedicated him.

But the stroke prevented him from taking any decisive steps against them. Two days later, a commission of party officials, led by Stalin, placed strict limitations on Lenin’s activities, effectively isolating him. They said the restrictions were designed to prevent the worsening of Lenin’s health. But they also served a political purpose.

Lenin could not attend the congress and he certainly did not trust Stalin. Consequently, the paralyzed Lenin dictated his famous thoughts on the nationality question in a document he sent to the party leadership. It was a letter titled “On the Question of Nationalities or ‘Autonomization.’” On December 31st, 1922, he attacked Stalin’s policies criticizing the rights provided to the republics by the Union treaty, deeming them inadequate to stop the rise of Great Russian nationalism. Lenin called this threat as “great-power chauvinism.” To Lenin saw these people as non-Russians who he did not trust and feared for the future of the Russian people.

In Lenin believed that Stalin, who was not Russia, posed a major threat to Russia. He viewed Stalin’s dream of the USSR as a threat to the unity of state which he was correct. Lenin’s idea of a union of independent states would be sustained by local autonomy taking into account their local customes. Lenin was prepared to replace the Union he had originally proposed with a looser association of states with the centralized powers to be confined to matters of defense and international relations exclusively. Lenin also maintained that the republics should retain the right of secession to prevent Stalin’s central dominance of authority.

I highly recommend watching the movie Mr. Jones. While this will NOT show the battle between Lenin and Stalin, it will show the ruthlessness of Stalin that Lenin feared. But Stalin was NOT a Russian, but he has tarnish the reputation of all Russians ever since. It is ironic that Stalin was a Georgian, which is in the Caucuses bordering Turkey where they hate Russians for the very oppression of Stalin.

So, as you can see, this is a very complex subject. Putin is not a follower of Stalin wheras other behind him are. So we should be very care what we wish for when it comes to Regime Change. Just maybe they know this as well and want Regime Change to ensure war. Very interesting indeed. We should NOT judge Putin by Stalin or all Russians for that matter. That is the propaganda of the Neocons who are still fighting against Stalin.

COVID Outbreak on 100% Vaccinated Cruise Ship


Armstrong Economics Blog/Vaccine Re-Posted Apr 7, 2022 by Martin Armstrong

Princess Cruises requires all passengers and crew members to be fully vaccinated for COVID-19. Yet, a ship of only vaccinated individuals recently docked in San Francisco after experiencing a COVID outbreak. “Guests and crew vaccination rates were at 100 percent,” the company confirmed after saying it has been operating under CDC guidelines for the entire pandemic.

Around 70% of cruise liners reported layoffs and furloughs due to the pandemic. The industry lost at least $63 billion between 2020 and 2021 when cruise ships were either prohibited from operating or experienced a decline in travelers due to fear. There are numerous examples of cruise ships experiencing COVID outbreaks despite vaccination mandates to board.

The CDC recently lowered cruise ship risks to “moderate; level 2” after deeming them “highest-risk- level 4” after the initial omicron outbreak. They never prohibited cruises during flu season or nearly dismantled an entire industry for a virus with a negligible death rate. The vaccine does not prevent infection. The vaccine does not prevent transmission. This is yet another unintentional case study proving that this was never “a pandemic of the unvaccinated.”

Is Biden also a War Criminal Bringing Civilization to a Complete Collapse?


Armstrong Economics Blog/Ukraine Re-Posted Apr 6, 2022 by Martin Armstrong

Biden has declared that “major war crimes” are now being discovered in Ukraine as Russian forces retreat from areas around Kyiv. In a total propaganda move where he just takes whatever Zelensky says at face value who is a puppet intended to create World War III because the ability of government to continue to function under Keynesian Economics is coming to an end. On top of that, Biden is desperate to change the focus from his own corruption and that of Hunter Biden hoping to change the topic. Biden is denying any independent investigation just taking the word of Zelensky who has done NOTHING but tried to create war with Russia refusing to comply with the 1991 Belgrade Agreement of Neutrality and the Minsk Agreement which was to allow the Donbas to vote on their own independence.

Biden has set in motion World War III calling Putin a war criminal which by the same standards would have applied to every president during times of war. The US has refused to address all the claims of war crimes in Afghanistan, Iraq, Syria, Lybia, etc. The US admitted to killing civilians in Kabul in a drone attack. Who is responsible for that war crime? Under Biden’s definition, he himself is also a war criminal for Kabul. That too was a brutal, cold-blooded execution-style but the US is exempt from being tried in the ICC for the US refuses to be judged for war crimes in the Netherlands.

Biden’s rationale for ratcheting up US sanctions on Moscow now targeting Putin’s daughters is outrageous. Biden said: “Responsible nations have to come together to hold these perpetrators accountable.” Biden has further increased sanctions targeting Putin’s two adult daughters. Why are they responsible for this?

Biden has DESTROYED the world economy and abused the SWIFT system that has shown it is now not independent but just a political tool. China would be absolutely braindead at this point if it did NOT set up its alternative to SWIFT. More and more countries are starting to side with Russia. Even India has seen its action of Biden as totally reckless. Biden’s constant expanding sanctions have cut off Russia entirely just as FDR did to Japan. If history repeats, I would NOT live in Washington, LA, Chicago, or New York. They can be taken out with supersonic nukes and there is nothing Biden can do to stop it. He needs to be removed from the office. Every administration has sought world peace. Biden seeks ONLY war.

There will NEVER be a return to NORMAL and only a madman would act like Biden deliberately destroying international relations that took decades to establish. You will not cause Putin to recoil, and any regime change will only lead to people behind Putin who are FAR more Neocon than Putin.

Rome lasted for 1,000 years, but it collapsed in just 8.6 years. History is repeating. Biden has been FAR WORSE than anything I personally would have speculated. The forecasts come from Socrates, not me personally. There is NO human being who would have postulated that ANY world leader would be this outrageous. Indeed, 8.6-years from the time Biden took office will be 2029.65 (August 25th, 2029).  Just as our models are warning that the French Fifth Republic will come to an end by 2030, the same is true for most Republics that will include the United States.

There Is Something Very Troublesome About the Western Govt, Post-COVID, Rules-Based Order


Posted originally on the conservative tree house on April 7, 2022 | Sundance 

While the western media quickly jumped from the COVID crisis to the Ukraine crisis, in the background of current events there is a lot of activity amid western government that does not look very democratic.

The word ‘autocracy‘, with all its variants, has been used a lot frequently by western government politicians as they attack the ideology of Russia, China and essentially every national leader who does not join their “rules-based order” club.  There is so much linguistic repetition from the same western leadership, it’s impossible not to see this autocracy narrative as some form of talking point that stemmed from some G7 or NATO collaboration meeting.

It does not seem coincidental the new catch phrases of “autocracy” vs “rules-based order” surfaced at the tail end of the COVID crisis, when Build Back Better shifted from a talking point into an actual set of western legislative constructs  perhaps intended to codify the emergency powers those same officials deployed.

What kind of democracy, or rules-based order mindset, was the European Commission carrying when they decried the overwhelming national election in Hungary?  Surely if the EU wanted to celebrate democracy, they would cheer for the high voter turnout that reelected Prime Minister Viktor Orban, yet they did exactly the opposite.  Apparently, some democracies are more valued than others.

At the same time the EU is clutching pearls over the results in Hungary, another western ally, Canada, is codifying the government’s emergency act power to seize property without due process.  As we are directed to be distracted by everything Zelenskyy, it might be worth noting that Ontario Bill 100 is about to permanently change the rules of permitted political protest. You can read about Bill 100 here and watch the economic debate here.

Essentially, Bill 100 gives the Canadian government the power to seize your home, finances, bank accounts and assets if you take part in any form of protest that would create economic harm to any loosely defined entity.  Protest at the border, lose your house; at least that’s the threat they are about to make into a law.

It seems rather incredulous to me that securing a corporate financial interest would override the concerning possibility of forever losing liberty and freedom for the individual citizen. However, in this new post-COVID ‘rules-based order’, that’s the official justification from the Canadian government.  Slippery slope and all that accepted, this Ontario Bill 100 is a few slides beyond the slippery.

Similar actions are taking place in New Zealand and Australia, where codifying the emergency powers of public health officials post-COVID rules, is at the forefront of their legislative and constitutional reform efforts.

Creating new era ‘rules-based democracy’ stuff is filling up the business end of western government attention in Europe, North American and the land down under.

But it’s not just Europe, Canada, New Zealand and Australia doing this.  In the United States we have a combination of new restrictions on liberty and freedom around emergency health issues in combination with J6 “threat to democracy” outcomes being created.  The J6 committee is looking at Trump supporters the way the EU commission is looking at Hungarian citizens.

Add it all up, and this new version of western democracy doesn’t look like it is based on the same principles the older version, the non-rules-based version, was using.

These new “rules of democracy” are also being overlaid by new rules for discussing democracy as found in the guidelines from the tech overlords.

Google just recently announced, in the era post-COVID, they will no longer tolerate content that “makes claims that are demonstrably false and could significantly undermine participation or trust in an electoral or democratic process.

So, if you are to speak against the new “rules of democracy”, or the legislation that is going through the “democratic process” in the EU, NZ, AU, Canada or the United States, you can be targeted by the online Google wrong-think police.  Isn’t that convenient considering the effort to codify the totalitarian tendencies of the new “western democracies.”

If you speak against the newer version of the ‘rules-based order‘, the leaders of western democracies will enjoy protection from the internet police.  A rebellious sort, as defined by a person who still thinks independently, might say that sounds almost autocratic or something.

There was always a concern that any political leader who granted themselves extreme powers, under the pretense of the pandemic threat, would never want to relinquish that scale of control over their citizens.  Indeed, it can be argued we are seeing those concerns come to fruition with supportive action from ruling elites in the various parliamentary and congressional offices.

A wise fellow of steward-minded disposition stated today that if U.S. government officials were genuinely concerned about the welfare of Americans, they would immediately be holding legislative sessions to ramp up energy production, cut through regulatory hurdles, lower gasoline prices, seal our borders and prepare our national food stocks for a concerning global food shortage.

Perhaps, just perhaps, if a legislative body was truly representative of the citizens, they would be using a few billion taxpayer dollars to purchase or offset fertilizer costs, help farmers with diesel fuel prices and work earnestly to insure full harvests this year.

Alas, the only nation worthy of such financial consideration is a tenuously manipulated -by them- country called Ukraine.

These new western democracy rules certainly appear to be rules of priority for the few, and not rules that would be a priority for the many.   Perhaps that’s the whole point.  Maybe that’s the bigger picture.

As it appears by action and consequence, this new western, post-COVID, ‘rules-based order’ is focused exclusively on providing benefit for the self-described elites.

I wonder what will happen if the many just don’t comply?…

… Or have the autocrats thought about that with the open border rules coming May 23rd?

FWIW at Least Someone Said It Out Loud


Posted originally on the conservative tree house on April 6, 2022 | Sundance

While the jackboot on our neck doesn’t seem to be getting any lighter, at least someone says what’s going on out loud. {Direct Rumble Link}

House GOP representative Jim Jordan delivered a speech on the floor today that essentially encapsulates most of the current issues that have become the collective weight from the jackboot.   Insofar as congressional speeches have value, this summary from Jordan is quite succinct. WATCH:

Bucha – the False Flag to Cross the Rubicon


Armstrong Economics Blog/Ukraine Re-Posted Apr 5, 2022 by Martin Armstrong

We are crossing the Rubicon but this time it is not to free society from a corrupt Senate, it is the Corrupt Senate determined to create a New World Order by destroying everything familiar about the society we now know. As always, it is difficult to separate truth from sheer hatred that has engulfed the world thanks to Zelensky and our insane President Biden. The DOUBLE STANDARDS are so in-your-face corrupt that it is hard to ignore comparing Vietnam & Ukraine.

A suburban avenue in Bucha became one of the first graveyards in Russia’s attempt to encircle Kyiv in the face of Zelensky’s refusal to negotiate in good faith. The Russian tanks and armored personnel carriers moved through the town of Bucha on their way to the city of Kyiv. The convoy was destroyed in one of the first of many Ukrainian ambushes that stopped the Russian advance. While Zelensky points to civilian casualties, he takes no responsibility for arming civilians and telling them to first professional Russian soldiers.

Biden on Monday called for a war crimes trial against Putin following reports of the mass killing of Ukraine civilians by Russian troops in a suburb of Kyiv. Of course, there is no proof that this is just not another false flag by Zelensky who is determined to destroy the world for make no mistake – this is the end result.

Biden yelled: “He‘s a war criminal,” when asked about the reports of Ukraine civilians being slaughtered allegedly by Russian troops in Bucha, which sits northwest of Kyiv, the Ukraine capital. Biden added: “This guy is brutal and what’s happening in Bucha is outrageous and everyone’s seen it.” Biden WANTS TO TAKE THE WORLD INTO WAR WHERE MILLIONS WILL DIE. He is pushing for war, never peace, with every breath he takes. “I think it’s a war crime,” Biden said. “He should be held accountable.”

“You may remember, I got criticized last month for calling Putin a war criminal,” Mr. Biden said. “Well, the truth of the matter is you saw what happened in Bucha. This warrants him — he is a war criminal.”

Calling Putin a war criminal is outrageous. The same standard could have been applied then to President Johnson simply be he too authorized the Vietnam War of fake news. The Mỹ Lai massacre was the mass murder of unarmed South Vietnamese civilians by United States troops in Sơn Tịnh District, South Vietnam, on March 16th, 1968 during the Vietnam War. They were UNARMED and were not ambushing Americans. Between 347 and 504 unarmed people were killed by U.S. Army soldiers.

The difference there was that the Mỹ Lai massacre victims included men, women, children, and infants. Some of the women were gang-raped and their bodies mutilated, as were female girls as young as 12. Twenty-six soldiers were charged with criminal offenses, but only Lieutenant William Calley Jr., a platoon leader in C Company, was convicted. Found guilty of murdering 22 villagers, he was originally given a life sentence but served three-and-a-half years under house arrest never went to prison, and had his sentence then commuted.

Biden wants now the US to invade Russia, capture Putin, and put him on trial in International Criminal Court which the US refuses to join so no American can ever be tried for a war crime. The list is endless for all the war crimes by the United States in Afghanistan. Iraq, Lybia, Syria, and Pakistan, but the US will NEVER allow any American to be tried for a war crime. The American press will not tell the truth about how the US exempts itself from war crime allegations and trials. This has added to the image of the United States is seen as arrogant and hypocritical.

Biden’s demands to try Putin as a war criminal is now the final straw. This means there will be NO World Peace. Biden is out to commit American genocide to commit American troops brainwashing them that they are fighting for some noble cause. This is all about destroying our world so he and Klaus can BUILD BACK BETTER and achieve their New World Order. You cannot BUILD BACK BETTER until you destroy everything first.

Was Bucha a FALSE FLAG EVENT? There is little doubt that we will NEVER know the truth because Zelensky and Biden have guaranteed that this will be the battle cry to destroy the world. It is very convenient – too convenient if you ask me. The talk behind the curtain is that Biden will require a digital ID when he implements food rationing as part of our necessary war against Putin.

Zelensky’s hatred has now set the world on its course. I warned that he would be the man to create World War III. Our computer targeted Ukraine as the spot where it would begin back in 2013. I wish these things were just my opinion for there would be a 50/50 chance I am wrong. We have crossed the Rubicon – the point of no return. Our models for the Decline and Fall of the United States we published back in 1985 was that it would begin cyclically with the 46th president. Hello – he is here!

House Votes to Legalize Marijuana


Armstrong Economics Blog/Agriculture Re-Posted Apr 5, 2022 by Martin Armstrong

Individual states began legalizing marijuana a few years ago after the 1969 Supreme Court decision led to the Controlled Substance Act of 1970. Now, the House has voted to legalize marijuana on the Federal level despite President Biden’s sudden opposition. This is all linked to the Sovereign Debt Crisis – turn down the economy, and governments will begin to legalize what is illegal to profit.

The Mexican Revolution began in 1910 and ran into about 1920. A large number of Mexicans immigrated to the US to escape the conflict. This Mexican population had its own uses for cannabis, and they referred to it as “marihuana.” The initial marijuana tax was intended to criminally prosecute Mexicans who were widely seen as taking American jobs during the hard times. Fake news stories ran rampant about people becoming crazed by “marihuana” and harming society. Back in 1937, Congress imposed drastic new regulations and taxes on marijuana, cocaine, and opium, which was then legal. The drugs were taxed before legislation changed.

In 1967, President Johnson’s Commission on Law Enforcement and Administration of justice opined, “The Act raises an insignificant amount of revenue and exposes an insignificant number of marijuana transactions to public view, since only a handful of people are registered under the Act. It has become, in effect, solely – a criminal law, imposing sanctions upon persons who sell, acquire, or possess marijuana.”

The law certainly caused damage as prisons profited. Some estimates claim that 40,000 people are currently serving time in US prisons and jails for marijuana-related offenses. In 2019, US authorities arrested 350,149 people for possessing marijuana. Biden initially campaigned with a promise to legalize marijuana, citing racism as well since a disproportionate (24%) of those incarcerated for marijuana are black. But like all politicians, Biden is not fully supportive of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act that passed 220-204.

Legalizing marijuana would be a lucrative venture, as Canada already has witnessed. I mentioned in January that the state of Arizona saw $1.23 billion in sales 11 months after legalizing recreational marijuana. The Marijuana Excise Tax that the state-imposed contributed $92.9 million to community colleges and health departments, while $7.3 million will go toward an education sales tax. Biden wants to continually spend money while destroying any potential to generate revenue.

Dr. Robert Malone v WEF


Armstrong Economics Blog/Corruption Re-Posted Apr 5, 2022 by Martin Armstrong

Dr. Robert Malone, one of the initial founders of mRNA vaccines, turned into the most prominent critic, plans to expose everyone in the World Economic Forum (WEF). “They’ve been working for 30 years to train people to be their gophers…to do their bidding…there are videos of Klaus Schwab bragging about it,” Malone stated. “All of these people who want to lock us up and disrespect us are not very smart. I mean, have you watched Trudeau?”

Malone admitted it is usually unethical to dox people online, but with “this crowd,” ousting them is the only way to beat them. So the doctor spent millions compiling a list of over 4,000 people who are working with the WEF to push forward the Great Reset.

“The good news about these characters is [that] most of them aren’t very smart… We can beat them… but first thing we’ve got to do is we’ve got to out em’… We’ve invested thousands of dollars in our team, and we have built a massive spreadsheet of over 4000 names of WEF trainees, and we’ve got their CDs. We got their jobs. We got where they are, where they come from, where they’re working now, who they used to work with… We’re about to put this up on a blockchain-protected site, so they can’t take us down. And we’re gonna ask all of you and we’re gonna ask Steve Bannon’s posse to crowdsource the rest. And when people figure out other ones that aren’t on that list, we’re gonna get them on that list.”

He plans to add the spreadsheet of names on a blockchain-protected site in hopes of bypassing censorship. World leaders, major corporations, numerous politicians, Big Tech companies, and more will appear on the list. Let’s let the public see how deep corruption is embedded in the global society.

To watch the full video:

State Dept Launch New Division to “Support U.S. Values Associated With Cyberspace”


Posted originally on the conservative tree house on April 4, 2022 | Sundance

Whenever the United States government launches a new control agency from within the State Dept./CIA mission, we can always be assured it is not in the best interests of domestic policy.  [State Dept Announcement Here]

With the current context of rising corporate fascism and western authoritarianism in the forefront, the creation of a cyber division within the State Department looks more like another tool to promote globalism and block any on-line cyber activity that would be created or distributed against their interests.

As Orwell would predict, a U.S. version of the Ministry of Truth and democracy.  The State Dept will officially define the U.S. values that will be permitted in the cyber-space.  Any violation of those values will now be reviewed by the “Digital Freedom Coordinator”.

(State Dept) – The Department is pleased to announce that the Bureau of Cyberspace and Digital Policy (CDP) began operations today. A key piece of Secretary Blinken’s modernization agenda, the CDP bureau will address the national security challenges, economic opportunities, and implications for U.S. values associated with cyberspace, digital technologies, and digital policy.

The CDP bureau includes three policy units: International Cyberspace Security, International Information and Communications Policy, and Digital Freedom. Ultimately, the bureau will be led by a Senate-confirmed Ambassador-at-Large. Starting today, Jennifer Bachus, a career member of the Senior Foreign Service, is serving as Principal Deputy Assistant Secretary for the CDP bureau. PDAS Bachus will serve as Senior Bureau Official until an Ambassador-at-Large is confirmed. Michele Markoff is serving as Acting Deputy Assistant Secretary for International Cyberspace Security, Stephen Anderson is serving as Acting Deputy Assistant Secretary for International Information and Communications Policy, and Blake Peterson is serving as Acting Digital Freedom Coordinator.

The Department appreciates the service and collaboration of all who will work with and within the CDP bureau in the coming months and years to empower it to achieve its vital mission. (LINK)

It all looks sketchy…

…. because it is sketchy.

Elon Musk Takes Massive Stake in Twitter Purchasing $2.89 Billion


Posted originally on the conservative tree house on April 4, 2022 | Sundance

Many people are wondering what the purpose and intentions are of Tesla CEO Elon Musk after reports drop that he has purchased over 9% of Twitter stock valued at $2.89 billion.

Last month, Musk asked his followers on the platform for their opinion of Twitter’s position on free speech.  Now many people are wondering if the passive position purchased by Musk will be used to leverage a change in the Big Tech platform.

(CNBC) – Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech.

Musk owns 73,486,938 shares of Twitter, which represents a 9.2% passive stake in the company, according to a Securities and Exchange Commission 13G filing released Monday. The stake is worth $2.89 billion, based Twitter’s closing price Friday.

The purchase comes less than two weeks after Musk criticized the company, polling people on Twitter about whether it adheres to free speech principles. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk tweeted. “What should be done?” (read more)