The Contrarian

“In the investment markets, what everyone knows is usually not worth knowing.”

Billionaire Peter Thiel Gives Powerful Speech at RNC

Silicon Valley billionaire Peter Thiel, commonly known as former PayPal co-founder and CEO as well as an early Facebook investor, gave a refreshing no-nonsense speech during the Republican National Convention in Cleveland. This speech was unique because it addressed some of the pressing absurdities currently in the US.

Here are some interesting quotes from a TIME transcript of Peter Thiel’s Republican National Convention Speech:

“Wall Street bankers inflate bubbles in everything from government bonds to Hillary Clinton’s speaking fees. Our economy is broken… Across the country, wages are flat. Americans get paid less today than 10 years ago. But healthcare and college tuition cost more every year… to floppy disks and fighter planes.    Our nuclear bases still use floppy disks. Our newest fighter jets can’t even fly in the rain… We don’t accept such incompetence in Silicon Valley, and we must not accept it from our government.

In 1968, the world’s high tech capital wasn’t just one city: all of America was high tech… to US foreign policy. Instead of going to Mars, we have invaded the Middle East.  It’s time to end the era of stupid wars and rebuild our country… to transgender bathrooms…Now we are told that the great debate is about who gets to use which bathroom.  This is a distraction from our real problems. Who cares?… to America’s fake culture… I don’t pretend to agree with every plank in our party’s platform. But fake culture wars only distract us from our economic decline.”

After his speech, most main stream media coverage only focused on contradictions he has with the Republican Party. They also focused on his involvement in the Hulk Hogan Gawker Lawsuit. Why? Was it to distract from the reality of the US being on a disastrous downward trend? Was this powerful speech too accurate, thus requiring an attack on the messenger?

Read the full transcript here: