DeSantis Announces Special Legislative Session Will Debate Removal of Disney World Special Districting Status in Florida


Posted originally on the conservative tree house on April 19, 2022 | sundance

Jumpin’ ju-ju bones, Governor Ron DeSantis detonated a thermonuclear political bomb on the Disney Corporation today.

A special legislative session has been called to approve the new congressional districting map.  However, in an unexpected announcement, the Florida governor said that, in addition to a new congressional map they’re voting on, lawmakers “will be considering termination of all special districts that were enacted in Florida prior to 1968, and that includes the Reedy Creek Improvement District.”

As NBC notes, “The Reedy Creek Improvement District in the Orlando area shields Disney from local government regulations and from local property taxes, which could be worth as much as $200 million per year, by one lawmaker’s estimate.  Legislators in both chambers predicted the legislation — which could end the 55-year-old taxing district next summer — would pass by Friday.”  WATCH:

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DeSantis knows he has a sky-high approval rating in the state, and he is moving fast while the public still has the cultural antagonism and political weaponization by the Disney Corporation in the headlines.

The Disney Corporation previously announced they were going to fund political attacks against the Florida Legislature for creating laws that protect children from sex predators in schools.  Disney openly announced they support grooming efforts by teachers in K-3 education to sexualize children and discuss gender identity issues for children under 9-years-old without parental consent.

Ron DeSantis and the Florida Republican Legislature are about to deliver big revenge against Disney for that decision.  In the political, cultural and all things corporate business world inside Florida, the removal of Disney’s special district status is huge.

(NBC , FLORIDA) – […] The prospect of the Legislature taking such a direct shot at Disney, the state’s largest private employer and traditionally one of the most powerful political players in the Florida capital, was unthinkable until the DeSantis era.

“This is a governor who is willing to buck your traditional elite establishment and corporate America,” Florida House Speaker Chris Sprowls said. “And maybe that’s a difference in politics over the last 20 years, but I think that we’re starting to live in this really unique time.”

DeSantis is in a uniquely powerful position as governor. His favorability ratings are so high in the GOP that they rival those of former President Donald Trump’s in Florida, according to polls. If Trump doesn’t run for president in 2024, polls suggest, DeSantis is well positioned to be his heir apparent in two years as an early front-runner for the Republican Party’s nomination.

In a sign of his political clout, DeSantis had already forced legislators back to Tallahassee this week for a special session to rubber-stamp a proposed congressional map he drew after vetoing maps drawn by the Legislature — both unprecedented acts for a Florida governor. (read more)

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Fannie Mae More Than Triples Negative Forecast for Housing Sales


Posted Originally on the conservative tree house on April 19, 2022 | sundance

Lots of people talk about an inflation driven recession.  Essentially, that’s a total economic contraction in the value of goods and services produced, sold and purchased, due to rising prices.   However, as CTH has been pointing out for more than six months, if you subtract the federal COVID infusion money from the overall economy, we have been in a contracting demand economy for almost nine months.

A negative GDP outcome is quite possible, perhaps likely, when the first quarter GDP figures are released on the last Friday of this month.  The most recent sales and economic data shows that U.S. consumers are prioritizing spending and high priced durable good sales are negative.

Now, Fannie Mae is delivering a rather stunning shift in their economic forecast.  In addition to projecting a recession for 2023, these revised home purchase figures are remarkable:

...”We have downgraded our total home sales forecast for 2022 to a decline of 7.4 percent (previously a 4.1 percent decline) followed by a decrease of 9.7 percent in 2023 (previously a 2.7 percent decline).” (link)

That is a very significant change in home sales forecast to the negative position.

We already have serious energy inflation to contend with and low wage growth.  We already know a third inflation wave on highly consumable goods is coming this summer, likely around 30% or more in food prices at the grocery store.

The professional forecasts are always tilted toward the positive for this administration, so this new statement by Fannie Mae should be considered accordingly.  Remember, Boy Scouts motto.

Big Pharma Turns An Entire Generation Into Lab Rats | Ep. 932


By Matt Walsh  originally Published on Rumble on April 18, 2022 

Today on the Matt Walsh Show, leftists are fighting passionately to defend the profit margins of the pharmaceutical industry, even as Big Pharma uses an entire generation of children as lab rats. Also, federal officials hunt for the murderer of a dolphin, while letting the murderer of five infant children off the hook. Plus an MSNBC analyst explains why it’s a threat to free speech to allow people to say whatever they want on social media. And a Democrat candidate for congress aborted her child to save the planet. Finally in our daily cancellation, Ilhan Omar is upset because Christians were singing on a plane. We’ll talk about all of that and more today on the Matt Walsh Show. 

NBA star Jonathan Isaac has withstood immense pressure to conform to popular social issues. He’s now writing a book about his experience and is publishing with the Daily Wire. Pre-order your copy now: https://utm.io/ud96e.

Masks for Allergies?


Armstrong Economics Blog/Disease Re-Posted Apr 19, 2022 by Martin Armstrong

The attempt to normalize wearing masks is in full swing. “Don’t let pollen stop you from blooming,” the advertisement states as if the public avoided seasonal changes before masks became widely available. Covering half of your face is not normal in our Western society. A portion of the population is still afraid to breathe in the fresh air and craves a reason to muzzle the masses once again. As a reminder, the Centers for Disease Control and Prevention admitted that cloth masks are ineffective.

In an even more pathetic attempt to normalize masks, “studies” find that people seem more attractive when wearing a mask. If covering half of your face makes you more attractive, you’re simply ugly by today’s beauty standards. It is better to look ugly rather than ugly and stupid.

City of Detroit Displaces 100,000 Residents After Tax Error


Armstrong economics Blog/Corruption Re-Posted Apr 19, 2022 by Martin Armstrong

Government incompetence caused 100,000 people in the city of Detroit to lose their homes. The city recently admitted that it overtaxed homes by over $600 million between 2010 and 2016, resulting in thousands of foreclosures. In the state of Michigan, property cannot be assessed at over 50% of its market value. Yet, Detroit managed to assess properties at up to 85% of their market value, resulting in over half a billion in illegal taxation.

Neither the state nor the city of Detroit has done anything to compensate the people who were forced out of their homes. Mayor Mike Duggan insists that state law prohibits his administration from helping residents by providing tax credits or cash compensation. Duggan not so generously proposed allocating $6 million in resources to help overtaxed citizens, many of whose lives have been ruined, but that represents only 1% of what the city collected in illegal taxes.

The Coalition for Property Tax Justice is now helping those affected by involving Michigan’s Attorney General. The tax advocacy group believes victims should receive compensation in their preferred manner, but it is alarming that nothing has been done to compensate the people. Why were the properties over-assessed to such an extent for half a decade? How did the city not notice the dramatic uptick in taxes rolling in? It seems that this is deeper than a clerical error.

Laying Foundation for World War III


Armstrong Economics Blog/Uncategorized Re-Posted Apr 19, 2022 by Martin Armstrong

The revelations pouring out from John Durham is very enlightening which has confirmed that the Democrats for four years led by Hillary Clinton, set in motion the strategy to constantly attack Trump an d thereby prevent him from carrying out his goal to drain the swamp. John Durham has revealed that the “A secret Trump server is communicating with a Russian bank” was a totally fic ticious claim put out their by Hillary which had no basis in fact whatsoever. It was just totally made up.

In a new filing, Durham revealed that the CIA concluded that cellphone data and Internet traffic provided by Clinton attorney Michael Sussmann was “not technically plausible” and “user created.” This proved to be deliberately fabricating evidence which was the same strategy behin the notorious Christopher Steele dossier, twhich they also fabricated facts. Of course, the CIA was against Trump as was the NSA because they were on the agenda of creating war with Russia. Despite all of this evidence which is surfacing, still those on the left continued to ignore these facts and will not relent when it comes to bashing Trump. Clinton’s team simply invented the entire story, forged evidence, and then presented it to the FBI and CIA as if it was something worth pursuing, derailing a presidency for years.

The Director of the CIA, John Brennan, a former aide and campaign advisor to President Obama, had stated that his agency believed the Russians were behind the hacking of the Democrat’ servers. The Democarts even blamed Wikileaks and pushed to imprison Julian Assange for life. WikiLeaks denied that Russian hackers were the source of the emails. But the Democrats were relentless. Trump disagreed with the CIA claim, tweeting that “these are the same people that said Saddam Hussein had weapons of mass destruction.” Now the Durham report demonstrates that the CIA lied and misled the nation.

There is a serious question is all of these characters have not engaged in treason against the United States. These people will be remembered by History and held in the same regard as Benedict Arnold by future generations when the dust settles. Their names will become synonymous with “traitor” after was the case with Benedict Arnold when his betrayal became public. Benjamin Franklin wrote that “Judas sold only one man, Arnold three millions.” However, these people have done far more damage than merely creating Russiagate.

Because of these people, in 2019, Gallup Poll showed that the Majority of Americans had considered Russia as a critical threat which is mandatory to justy waging war. The nonsense of imposing sanction of Russia under the theory that will force the people to overthrow Putin, are simply out of their minds. Now two-thirds of Russians see the United States as the enemy of Russia. The independent Levada Center published their poll confirming that 70 percent of respondents pointed to the United States as the greatest threat to Russia.

These attitudes have been the byproduct of Russiagate. This is HIGHLY dangerous for the Neocons will get what they dream of – World War III. These people have put out nothing but hatred and this is unfortunately what we the people of the world, Americans and Russians, are the victims of these hateful manipulations of society to press their desire for war.

Tonight Is the Anniversary of Paul Revere’s Ride, Read as Mr. Revere Explains The Battle of Lexington and Concord in His Own Words


Posted originally on the conservative tree house on April 18, 2022

A friend once asked: “How do you celebrate Patriots’ Day?” Which, perhaps, should spur me to share my own thoughts on this day of consequence.

Many are familiar with the poem Paul Revere’s Ride, however, far fewer know that Paul Revere actually memorialized the events of the April 18 and 19, 1775, in an eight-page letter written several years later.

Each Patriots’ Day I remind myself to read his letter from a copy handed down, and I think about how Paul Revere was really just a common man of otherwise undue significance…. yet, capable to the task at hand.

To me everything about the heart of Revere, which you can identify within his own writing, is what defines an American ‘patriot’.

There is no grand prose, there is no outlook of being a person of historical significance, there is just a simple recollection of his involvement, an ordinary man in extraordinary times.

Unsure if anyone else would enjoy I have tracked down an on-line source for sharing and provide a transcript below (all misspelling is with the original).

Paul Revere personally recounts his famous ride. – In this undated letter, Paul Revere summarizes the activities surrounding his famous ride on 18 April 1775. He recounts how Dr. Joseph Warren urged him to ride to Lexington to warn John Hancock and Samuel Adams of British troop movements. He arranged to signal the direction of the troops with lanterns from Old North Church, and then had friends row him across the Charles River borrowing a horse for his ride.

Revere wrote this letter at the request of Jeremy Belknap, corresponding secretary of the Massachusetts Historical Society. Revere signed his name to the letter but then wrote above it, “A Son of Liberty of the year 1775”, and beside it, “do not print my name.” Nonetheless, the MHS included Revere’s name when it printed the letter in 1798.

EXPLORE THE DOCUMENT – Or Read the incredible transcript below:

Dear Sir,

Having a little leisure, I wish to fullfill my promise, of giving you some facts, and Anecdotes, prior to the Battle of Lexington, which I do not remember to have seen in any history of the American Revolution.

In the year 1773 I was imployed by the Select men of the Town of Boston to carry the Account of the Destruction of the Tea to New-York; and afterwards, 1774, to Carry their dispatches to New-York and Philadelphia for Calling a Congress; and afterwards to Congress, several times.* [This asterisk points to a note in the left margin written by Jeremy Belknap: “Let the narrative begin here.” ]

In the Fall of 1774 & Winter of 1775 I was one of upwards of thirty, cheifly mechanics, who formed our selves in to a Committee for the purpose of watching the Movements of the British Soldiers, and gaining every intelegence of the movements of the Tories.

We held our meetings at the Green-Dragon Tavern. We were so carefull that our meetings should be kept Secret; that every time we met, every person swore upon the Bible, that they would not discover any of our transactions, But to Messrs. Hancock, Adams, Doctors Warren, Church, & one or two more.

About November, when things began to grow Serious, a Gentleman who had Conections with the Tory party, but was a Whig at heart, aquainted me, that our meetings were discovered, & mentioned the identical words that were spoken among us the Night before. We did not then distrust Dr. Church, but supposed it must be some one among us.

We removed to another place, which we thought was more secure: but here we found that all our transactions were communicated to Governor Gage. (This came to me through the then Secretary Flucker; He told it to the Gentleman mentioned above).

It was then a common opinion, that there was a Traytor in the provincial Congress, & that Gage was posessed of all their Secrets. (Church was a member of that Congress for Boston.) In the Winter, towards the Spring, we frequently took Turns, two and two, to Watch the Soldiers, By patroling the Streets all night.

The Saturday Night preceding the 19th of April, about 12 oClock at Night, the Boats belonging to the Transports were all launched, & carried under the Sterns of the Men of War. (They had been previously hauld up & repaired). We likewise found that the Grenadiers and light Infantry were all taken off duty.

[Page 2]

From these movements, we expected something serious was [to] be transacted. On Tuesday evening, the 18th, it was observed, that a number of Soldiers were marching towards the bottom of the Common.

About 10 o’Clock, Dr. Warren Sent in great haste for me, and beged that I would imediately Set off for Lexington, where Messrs. Hancock & Adams were, and acquaint them of the Movement, and that it was thought they were the objets. When I got to Dr. Warren’s house, I found he had sent an express by land to Lexington – a Mr. Wm. Daws.

The Sunday before, by desire of Dr. Warren, I had been to Lexington, to Mess. Hancock and Adams, who were at the Rev. Mr. Clark’s. I returned at Night thro Charlestown; there I agreed with a Col. Conant, & some other Gentlemen, in Charleston, that if the British went out by Water, we would shew two Lanthorns in the North Church Steeple; if by Land, one, as a Signal; for we were aprehensive it would be dificult to Cross the Charles River, or git over Boston neck.

I left Dr. Warrens, called upon a friend, and desired him to make the Signals. I then went Home, took my Boots and Surtout, and went to the North part of the Town, where I had kept a Boat; two friends rowed me across Charles River, a little to the eastward where the Somerset Man of War lay.

It was then young flood, the Ship was winding, & the moon was Rising. They landed me on Charlestown side. When I got into Town, I met Col. Conant, several others; they said they had seen our signals. I told them what was Acting, & went to git me a Horse; I got a Horse of Deacon Larkin.

While the Horse was preparing, Richard Devens, Esq. who was one of the Committee of Safty, came to me, & told me, that he came down the Road from Lexington, after Sundown, that evening; that He met ten British Officers, all well mounted, & armed, going up the Road. I set off upon a very good Horse; it was then about 11 o’Clock, very pleasant. After I had passed Charlestown Neck, got nearly opposite where Mark was hung in chains, I saw two men on Horse back, under a Tree.

When I got near them, I discovered they were British officer. One tryed to git a head of Me, & the other to take me. I turned my Horse very quick, & Galloped towards Charlestown neck, and then pushed for the Medford Road. The one who chased me, endeavoring to Cut me off, got into a Clay pond, near where the new Tavern is now built. I got clear of him,

[Page 3]

and went thro Medford, over the Bridge, & up to Menotomy. In Medford, I awaked the Captain of the Minute men; & after that, I alarmed almost every House, till I got to Lexington.

I found Mrs. Messrs. Hancock & Adams at the Rev. Mr. Clark’s; I told them my errand, and inquired for Mr. Daws; they said he had not been there; I related the story of the two officers, & supposed that He must have been stopped, as he ought to have been there before me.

After I had been there about half an Hour, Mr. Daws came; after we refreshid our selves, we and set off for Concord, to secure the Stores, & there. We were overtaken by a young Docter Prescot, whom we found to be a high Son of Liberty. I told them of the ten officers that Mr. Devens mett, and that it was probable we might be stoped before we got to Concord; for I supposed that after Night, they divided them selves, and that two of them had fixed themselves in such passages as were most likely to stop any intelegence going to Concord.

I likewise mentioned, that we had better allarm all the Inhabitents till we got to Concord; the young Doctor much approved of it, and said, he would stop with either of us, for the people between that & Concord knew him, & would give the more credit to what we said.

We had got nearly half way. Mr Daws & the Doctor stoped to allarm the people of a House: I was about one hundred Rod a head, when I saw two men, in nearly the same situation as those officer were, near Charlestown. I called for the Doctor & Daws to come up; were two & we would have them in an Instant I was surrounded by four; – they had placed themselves in a Straight Road, that inclined each way; they had taken down a pair of Barrs on the North side of the Road, & two of them were under a tree in the pasture. The Docter being foremost, he came up; and we tryed to git past them; but they being armed with pistols & swords, they forced us in to the pasture; -the Docter jumped his Horse over a low Stone wall, and got to Concord.

[Page 4]

I observed a Wood at a Small distance, & made for that. When I got there, out Started Six officers, on Horse back, and orderd me to dismount;-one of them, who appeared to have the command, examined me, where I came from, & what my Name Was? I told him. it was Revere, he asked if it was Paul? I told him yes He asked me if I was an express? I answered in the afirmative. He demanded what time I left Boston? I told him; and added, that their troops had catched aground in passing the River, and that There would be five hundred Americans there in a short time, for I had alarmed the Country all the way up.

He imediately rode towards those who stoppd us, when all five of them came down upon a full gallop; one of them, whom I afterwards found to be Major Mitchel, of the 5th Regiment, Clapped his pistol to my head, called me by name, & told me he was going to ask me some questions, & if I did not give him true answers, he would blow my brains out.

He then asked me similar questions to those above. He then orderd me to mount my Horse, after searching me for arms. He then orderd them to advance, & to lead me in front. When we got to the Road, they turned down towards Lexington. When we had got about one Mile, the Major Rode up to the officer that was leading me, & told him to give me to the Sergeant. As soon as he took me, the Major orderd him, if I attempted to run, or any body insulted them, to blow my brains out.

We rode till we got near Lexington Meeting-house, when the Militia fired a Voley of Guns, which appeared to alarm them very much. The Major inquired of me how far it was to Cambridge, and if there were any other Road? After some consultation, the Major

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Major Rode up to the Sargent, & asked if his Horse was tired? He told answered him, he was – (He was a Sargent of Grenadiers, and had a small Horse) – then, said He, take that man’s Horse. I dismounted, & the Sargent mounted my Horse, when they all rode towards Lexington Meeting-House.

I went across the Burying-ground, & some pastures, & came to the Revd. Mr. Clark’s House, where I found Messrs. Hancok & Adams. I told them of my treatment, & they concluded to go from that House to wards Woburn. I went with them, & a Mr. Lowell, who was a Clerk to Mr. Hancock.

When we got to the House where they intended to stop, Mr. Lowell & I my self returned to Mr. Clark’s, to find what was going on. When we got there, an elderly man came in; he said he had just come from the Tavern, that a Man had come from Boston, who said there were no British troops coming. Mr. Lowell & myself went towards the Tavern, when we met a Man on a full gallop, who told us the Troops were coming up the Rocks.

We afterwards met another, who said they were close by. Mr. Lowell asked me to go to the Tavern with him, to a git a Trunk of papers belonging to Mr. Hancock. We went up Chamber; & while we were giting the Trunk, we saw the British very near, upon a full March.

We hurried to wards Mr. Clark’s House. In our way, we passed through the Militia. There were about 50. When we had got about 100 Yards from the meeting-House the British Troops appeard on both Sides of the Meeting-House. In their

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In their Front was an Officer on Horse back. They made a Short Halt; when I saw, & heard, a Gun fired, which appeared to be a Pistol. Then I could distinguish two Guns, & then a Continual roar of Musquetry; When we made off with the Trunk.

As I have mentioned Dr. Church, perhaps it might not be disagreeable to mention some Matters of my own knowledge, respecting Him. He appeared to be a high son of Liberty. He frequented all the places where they met, Was incouraged by all the leaders of the Sons of Liberty, & it appeared he was respected by them, though I knew that Dr. Warren had not the greatest affection for him. He was esteemed a very capable writer, especially in verese; and as the Whig party needed every Strenght, they feared, as well as courted Him.

Though it was known, that some of the Liberty Songs, which We composed, were parodized by him, in favor of the British, yet none dare charge him with it. I was a constant & critical observer of him, and I must say, that I never thought Him a man of Principle; and I doubted much in my own mind, wether He was a real Whig. I knew that He kept company with a Capt. Price, a half-pay British officer, & that He frequently dined with him, & Robinson, one of the Commissioners. I know that one of his intimate aquaintances asked him why he was so often with Robinson and Price? His answer was, that He kept Company with them on purpose to find out their plans.

The day after the Battle of Lexington, I came across met him in Cambridge, when He shew me some blood on his stocking, which he said spirted on him from a Man who was killed near him, as he was urging the Militia on. I well remember, that I argued with my self, if a Man will risque his life in a Cause, he must be a Friend to that cause; & I never suspected him after, till He was charged with being a Traytor.

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The same day I met Dr. Warren. He was President of the Committee of Safety. He engaged me as a Messinger, to do the out of doors business for that committee; which gave me an opportunity of being frequently with them.

The Friday evening after, about sun set, I was sitting with some, or near all that Committee, in their room, which was at Mr. Hastings’s House at Cambridge. Dr. Church, all at once, started up – Dr. Warren, said He, I am determined to go into Boston tomorrow – (it set them all a stairing) – Dr. Warren replyed, Are you serious, Dr. Church? they will Hang you if they catch you in Boston. He replyed, I am serious, and am determined to go at all adventures.

After a considerable conversation, Dr. Warren said, If you are determined, let us make some business for you. They agreed that he should go to git medicine for their & our Wounded officers. He went the next morning; & I think he came back on Sunday
evening.

After He had told the Committee how things were, I took him a side, & inquired particularly how they treated him? he said, that as soon as he got to their lines on the Boston Neck, they made him a prisoner, & carried him to General Gage, where He
was examined, & then He was sent to Gould’s Barracks, & was not suffered to go home but once.

After He was taken up, for holding a Correspondence with the Brittish, I came a Cross Deacon Caleb Davis;-we entred into Conversation about Him;-He told me, that the morning Church went into Boston, He (Davis) received a Bilet for General Gage-(he then did not know that Church was in Town)-When he got to the General’s House, he was told, the General could not be spoke with, that He was in private with a Gentleman; that He waited near half an Hour,-When General Gage & Dr. Church came out of a Room, discoursing together, like

[Page 8]

like persons who had been long aquainted. He appeared to be quite surprized at seeing Deacon Davis there; that he (Church) went where he pleased, while in Boston, only a Major Caine, one of Gage’s Aids, went with him.

I was told by another person whom I could depend upon, that he saw Church go in to General Gage’s House, at the above time; that He got out of the Chaise and went up the steps more like a Man that was aquainted, than a prisoner.

Sometime after, perhaps a Year or two, I fell in company with a Gentleman who studied with Church -in discoursing about him, I related what I have mentioned above; He said, He did not doubt that He was in the Interest of the Brittish; & that it was He who informed Gen. Gage That he knew for Certain, that a Short time before the Battle of Lexington, (for He then lived with Him, & took Care of his Business & Books) He had no money by him, and was much drove for money; that all at once, He had several Hundred New Brittish Guineas; and that He thought at the time, where they came from.

Thus, Sir, I have endeavoured to give you a Short detail of some matters, of which perhaps no person but my self have have documents, or knowledge. I have mentioned some names which you are aquainted with: I wish you would Ask them, if they can remember the Circumstances I alude to.

I am, Sir, with every Sentment of esteem,

Your Humble Servant,

Paul Revere

Courtesy of the Massachusetts Historical Society

“The Battle of Lexington, 19 April 1775,” Oil on canvas by William Barns Wollen, 1910.

Hours After Arrest South Carolina Mall Shooter Released on Bail, allowed to Go Home and Work


Posted originally on the conservative tree house on April 17, 2022 | sundance 

Earlier today, 22-year-old Jewayne Price was arrested in connection with yesterday’s mass shooting at a busy mall in Columbia, South Carolina. Jewayne Price is accused of shooting nine people leaving 14 people at the mall injured. The victims are ages 15 to 73.

Price was arrested after he was originally questioned as one of three gang related suspects identified as persons of interest in Saturday’s shooting at Columbiana Centre, a busy shopping mall in the state’s capital. A few hours after his arrest, Jewayne Price was released on 25,000 bail.

SOUTH CAROLINA – The suspect in a South Carolina mall shooting in which nine people were wounded has been released under house arrest and ordered to wear an ankle monitor after a judge set a $25,000 surety bond.

The suspect, Jewayne Price, is also barred from contacting any of the victims, Columbia police said on Twitter. Price will be allowed to travel from his home to work while he is under house arrest.  Neither Price nor his attorney could immediately be reached for comment. (read more)

Media Admits It is Their “Job” To Control What People Think


Armstrong Economics Blog/Press Re-Posted Apr 17, 2022 by Martin Armstrong

Twitter Board of Directors Own Almost No Shares of Stock in Company, Elon Musk Notes “their economic interests are simply not aligned with shareholders”


Posted originally on the conservative tree house on April 16, 2022 | Sundance 

In the ongoing public battle over Twitter as a speech platform, one actual user of Twitter, Chris Bakke, wanted to see who exactly these Board of Directors are, who are attempting to stop Elon Musk from purchasing it.

Chris Bakke then noted how little of the actual stock is owned by the company’s Board of Directors.  Sans Twitter Founder Jack Dorsey, the combined ownership of the entire board equates to 77 shares of stock, worth around $3,200 bucks.

The Board of Directors [SEE BoD LINK HERE] consists of academics, tech executives, business and policy wonks, and a random baroness who doesn’t even use the service.  These are the people who are making fiduciary decisions for all Twitter stock owners without any financial stake in the decisions they make for the company.

(TWEET LINK)

BOARD MEMBERS – (2) Bret Taylor, Independent Board Chair; Co-CEO, Salesforce (former Google exec). (3) Parag Agrawal,CEO, Twitter. (4) Mimi Alemayehou, Senior Vice President for Public – Private Partnership at Mastercard. (5) Dr. Fei-Fei Li, Professor at Stanford (former Google exec). (6) Egon Durban, Co-CEO, Silver Lake. (7) Robert Zoellick, Former Chairman of the Board of Directors of AllianceBernstein Holding L.P. (8) Patrick Pichette, General Partner, Inovia Capital; Former Senior Vice President and Chief Financial Officer, Google. (9) Martha Lane Fox, Founder and Chairperson, Lucky Voice Group; Former Co-Founder and Managing Director of lastminute.com; Crossbench Peer, House of Lords. (10) Omid Kordestani, Former Executive Chairman, Twitter (former Google exec). (11) David Rosenblatt, CEO, 1stdibs.com, Inc. (former Google exec). (12) Jack Dorsey, Co-Founder, Twitter; CEO and Co-Founder, Square.

Further evidence the motivations behind the Twitter board have nothing to do with stewardship for their shareholders.  Again, this is yet another datapoint highlighting the background structure of Twitter that Musk is exposing.

Twitter is not making a decision to decline the generous offer by Elon Musk because of stewardship or fiduciary responsibility to shareholders.  The financials of Twitter as a non-viable business model highlight the issue of money being irrelevant.  Twitter does not and cannot make money.  Growing Twitter only means growing an expense. Growing Twitter does not grow revenue enough to offset the increase in expense.

There is only one way for Twitter to exist as a viable entity, people are now starting to realize this.

What matters to the people behind Twitter, the people who are subsidizing the ability of Twitter to exist, is control over the global conversation.

Control of the conversation is priceless to the people who provide the backbone for Twitter.

Once people realize who is subsidizing Twitter, everything changes.

That’s the fight.

{Go Deep}