So, apologies in advance, but I want to do a quick little THREAD to explain my theory of what the Epstein story really is. I promise this isn't some crazy Pizzagate conspiracy about space lizards, just a neat little explanation that IMO perfectly fits the known facts (0/13):
(1/13) Let's take as our starting points two givens.
(A.) You are a committed, unrepentant pedophile
(B.) Because of your old job in private banking, you are very connected to lots of very, very wealthy people
We'll also assume a goal:
(Z.) You want to become very rich
(2/13) The obvious route is, well, obvious: you could just be a pimp, offering underage prostitute services to very rich people. This has two problems: you're very disposable (see: DC madam), and it's also not super lucrative. You can't charge millions of dollars up front.
(3/13) The second level though follows instantly: You don't need to charge up front, just get them to have underage sex, and then blackmail them afterwards for hush money. Better ROI, but you're still a liability, and producing and receiving big bribe money raises big questions.
(4/13) So, what to do? Well, the second idea has some merits. First, you need to recruit people in. Have lots of massive parties at your spacious home (check), invite top academics, artists, politicians to encourage people to come (check), and supply lots of young women (check)
(5/13) You don't even have to do anything, and most people invited might even be totally unaware of the real purpose of the parties! But, sooner or later, some billionaire will get handsy, she'll escort him to a room with a hidden camera, things happen. Morning after, you strike.
(6/13) You inform him she was really 15, but you offer him a nice, neat way to buy your silence: a large allocation to your hedge fund, which charges 2/20 (check). To ensure nobody else asks questions, you also take the extraordinary step of demanding power of attorney (check)
(7/13) The fund is offshore in a tax haven (check) and nobody will see the client list (check). Of course, you don't really know anything about investing, instead making up some nonsense about currency trading (check), and nobody on Wall Street has ever traded with you (check)
(8/13) The fund itself doesn't need investment personnel (check), only some back office people to process the wires (check). You don't want to money from non-pedophiles, or they'll notice you've just put it in a S&P 500 fund, so you reject all incoming inquiries (check)
(9/13) A $20 million wire from Billionaire X to you with no obvious reason will raise many questions, and the IRS will certainly want to know what you did to warrant it. A $5 million quarterly fee for managing $1 billion in assets? Nobody bats an eye.
(10/13) Because of this structure, you're extraordinarily secretive about client lists (check) because they aren't clients, they're pedophiles paying you bribes, and they also are very secretive, which is why no letters or return streams ever leak (check)
(11/13) Occasionally you may also try this trick on other people: important political figures, mayors, prosecutors, etc. They don't invest in the fund, but it's nice to have them in your pocket. Others (academics, artists, etc.) can just be bought with money as a PR smokescreen.
(12/13) And, of course, the scam can be kept going as long as people are willing to pay, which is forever. If you're ever caught, just lean on some of your other friends in government to lean on the prosecutor to get you a sweetheart deal. There's almost zero risk.
(13/13) And the last piece of the puzzle is the evidence. You'd want it somewhere remote, but accessible: a place the US can't touch but you have an excuse to visit all the time to update. Remember that offshore fund?
I bet there's a *very* interesting safe deposit box there.
Two small points of clarification: 1. This scheme works just as well if the billionaires are in on it from the getgo as a way to buy sex; I assumed that was obvious but I guess not. 2. There’s no need to invoke the Mafia/Russia/Mossad/CIA/etc, that’s just needlessly overfitting.
Wow, this blew up! If you want more analysis like this, register for my premium feed on furaffinity.net
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Student loan debt in America: the angle is proportional to the number of people with debt in that range, the area is proportional to the total value of debt in that range. The top 10% of borrowers have half the debt, a Gini coefficient of 62%.
Everyone complaining about this visualization:
Enough! I relent, and will bow to the crass taste of the masses. I have added in the % of total debt and changed it to a soft baby-friendly pastel color scheme, so the babies whining about it in my mentions will finally shut up.
I have struck deep into enemy territory for dinner tonight- no longer ensconced in hip hop Spotify playlist small plate (((coastal elite))) restaurants, I am in a massive “steak-house” with antler chandeliers and antique guns on the wall. The menu is just a list of cuts of beef.
Men named “Chip” and “Buddy” mill around me, wearing golf shirts and drinking old fashioneds that look like someone mashed up an orange and poured five shots of bourbon over it. They are doubtless congratulating each other on another record quarter at their used BMW dealership.
Welcome to my new followers just figuring out this account’s Deal. Sit down and have a glass of the 2010 baby Chave:
Spaces desperately needs an audience chat feature like Twitch does so I can call Cohodes a delusional muppet who thinks RH getting a $3bn LOC from Citadel to meet DTCC margin calls was ever on the table
"You know, I'm gonna speculate.
'cause I don't want any hassles, I'll speculate.
That it wouldn't surprise me that Citadel just takes the other side of some of [Robinhood customer's trades]."
...Did Cohodes just imply Citadel was planning to murder him for speaking out? Did I mishear that?
Finally, the product I've been looking for: what if instead of Robinhood, there was a slick app that dropped confetti on you whenever you allocated into a shitty private equity fund-of-funds and underperformed? notboring.co/p/is-that-a-fa…
Ah yes, I'm sure your fund of funds will in fact have a Sharpe ratio of [checks notes] 4, just like in the backtest. God I want the client list for this app so badly, they're all accredited investors too.
Oh my god their investment process is literally SELECT * FROM eurekahedge WHERE 200<aum<500 ORDER BY sharpe DESC
Dear reader, I have just completed as near to a true kaiseki dining experience as is possible outside Japan. Every single plate was handmade by the chef, who would be gravely insulted were his food to be served on another’s pottery.
For the final sake pairing, we selected our own glass, which unbeknownst to us would be wrapped and presented as a gift after dinner.
I suppose the chef got bored making the sushi because we were also given our own brushes to finish with house made soy sauce, which was so good I literally took a sip of it.