"Let us never forget this fundamental truth: the State has no source of money other than money which people earn themselves. If the State wishes to spend more it can do so only by borrowing your savings or by taxing you more. It is no good thinking that someone else will pay—that “someone else” is you. There is no such thing as public money; there is only taxpayers' money."-- Margaret Thatcher

I hate to ask, but we REALLY need some more donations.

AdSupply

Bidgear ad

 

stories

by Tyler Durden

One day after we reported that Donald Trump Jr. has privately broken with his father over the Iran war, Peter Thiel, the PayPal and Palantir (PLTR) co-founder who was the first big tech investor to back Trump in 2016 and the biggest funder of super PACs behind JD Vance's 2022 Senate run, has also drawn a line in the sand over Trump's defining foreign-policy gamble. 

In audio from an Oct. 12 private lecture in Nashville obtained by Decoded by POLITICO (Calder McHugh), Thiel told the room:

"I'm skeptical of [the war], I think we should not have done it. There were a lot of mistakes that were made."

"Maybe we don't have the hard power. Maybe we're going to lose the soft power war."

In other words, one of the architects of the MAGA-tech alliance now thinks the war was a mistake and that America may not be strong enough to finish it. The scoop crossed overnight.

Claire's Observations:  Thiel is, undoubtedly, one of the smartest guys in Trump's "tech-bromance"; for him to make this statement publicly, is very significant. 

I am STILL praying for a very quiet weekend, in terms of Iran, but seriously doubting that quiet... will be the order of the day soon.

You can see asset movement all over the place in the region and beyond, indicating that this hunk of geography may well be anything but quiet very soon.