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You need to listen to this interview: The Fed + The Treasury + Congress just instituted Socialism for the rich

This is a recording of Chamath Palihapitiya of Social Capital talking with Scott Wapner of CNBC about todays monumental Fed decision to backstop basically everything and suspending capitalism and removing real price discovery in public markets. Make no mistake, the day of reckoning is coming and when the bill is due it will be more than anyone can stand. America has become a Banana Republic.

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Chamath Palihapitiya interview on CNBC - Social Capital