by Brian Shilhavy, Health Impact News:
With the 4th of July holiday now behind us, it is time to look at two major events happening this month in the U.S.: The Republican National Convention in Milwaukee, Wisconsin, and the summer camp conference in Sun Valley, Idaho, where some of the most wealthy and influential people in the world meet each year at a private, invitation-only event where the Press is not allowed.
The Republican Convention will be mostly televised, where delegates are widely expected to choose Donald Trump to lead the party in the Fall elections, and where his Vice President choice will allegedly be revealed.
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Which of these two events here in July will have the greatest impact on what happens during the national elections later this year, and the future of this country?
The Information technology publication spoke to some of this year’s invitees to the Sun Valley conference to get a taste of what is probably going to be at the top of their agenda this year, and that article is the focus of their Weekend publication that was just published on Friday.
Fear and Longing in Sun Valley
The most powerful moguls in tech and media gather annually at an Idaho summit where megadeals happen and the future gets rewritten. This year, their thoughts are dwelling on the promise and peril of both artificial intelligence and Donald Trump.
The summer gatherings of the alphas are upon us. This weekend, the annual running of the bulls will commence in Pamplona, Spain. And a couple days later, the media, tech and finance moguls of the world will begin descending in their private jets on Sun Valley, Idaho, for the annual confab hosted by Allen & Co., boutique investment bank.
While the chances are slim that they’ll rampage like bulls among Idaho’s whitebark pines and aspens, many of the moguls are still likely to be in a state of high agitation and excitement. The U.S. presidential election is lodged firmly at the top of their minds—even more deeply chiseled there after President Joe Biden’s belly flop in last week’s debate—according to a conversational survey The Information conducted of executives planning to attend the event.
Even attendees who are fretting about a possible second Donald Trump administration expect a lot of kibitzing about the prospect under him of a friendlier regulatory stance on corporate mergers and acquisition.
“I believe the world situation and politics will dominate,” Barry Diller, chair of IAC, said in an email.
Along with Diller, the boldface names pondering the future in the Idaho mountains next week are expected to include Amazon’s Andy Jassy and Jeff Bezos, Walt Disney’s Bob Iger, Alphabet’s Sundar Pichai, Apple’s Tim Cook, Paramount Global’s Shari Redstone, Warner Bros. Discovery’s David Zaslav and other Sun Valley veterans, according to multiple people who are attending.
Sam Altman of OpenAI, Delian Asparouhov of Founders Fund and Varda Space Industries, Josh Kushner from Thrive Capital, Alexandr Wang from Scale AI, Max Levchin from Affirm, Anthony Wood of Roku and Dylan Field from Figma have also been invited, according to those people. Then there are folks like author Peter Attia, a favorite longevity guru among billionaires who has also become a favorite of the Allen & Co. crowd.
The guest list for this year’s Sun Valley conference offers another clue regarding the political themes likely to surface at the event.
Two leaders from higher education—Ben Sasse, president of the University of Florida, and Paul Alivisatos, president of the University of Chicago—are among the invitees, those invited say.
Both Alivisatos and Sasse, who is also a former U.S. Senator from Nebraska, have received attention for issuing statements earlier this year delineating what their universities considered free speech versus illegitimate forms of protest. The statements came amid the unrest that swept college campuses over the Gaza war.
The topics of Trump and Biden are likely to suck much of the oxygen out of the political discussions at the event, attendees predict. One Sun Valley regular who supports Biden was nevertheless critical of his administration’s approach to antitrust enforcement and said executives are likely to be buzzing about the prospect of renewed dealmaking under a second Trump administration.
“No one wants to do mergers or acquisitions because they’re all afraid,” this person said. “There’s no question that under a Trump administration you’re going to see more-vibrant M&A activity.” (Source.)
This is how the Billionaire Silicon Valley and Wall Street Globalists view national elections for President. Which one can they make more money from after they are in office?
Whether that candidate is “Left” or “Right” in their politics is of secondary importance, as long as they can continue making money and maintain their power base of control, which lies in the Business world, not in Washington D.C.
Last week’s Weekend publication by The Information also illustrated this principle.
Trump’s Young Man in Silicon Valley
Jacob Helberg, 34, has transformed himself from little-known tech world Democrat to a rising MAGA power broker without losing his ties to the left.
Soon after a Manhattan jury found Donald Trump guilty of falsifying business records last month, the former president headed uptown to a restaurant, where a dinner party awaited him.
Trump, who appeared unfazed by the conviction, walked in with a smile on his face, greeted by about 20 supporters and members of his innermost circle. The crowd included his son Eric, longtime ally and billionaire John Catsimatidis and a more recent addition to the crew, Palantir adviser Jacob Helberg.
The group dined on a choice of steak or fish and threw out suggestions for vice president. It was at least the third time Helberg, who has donated $1 million to Trump’s campaign, had been in the same room with the candidate in the last several months.
“I believe that conviction was 100% political,” said Helberg, 34, when I met him at the Waldorf Astoria in Washington, a week after the trial. (He declined to discuss the dinner’s details.)
In a presidential election year marked by stark division, Helberg has emerged from the sidelines of politics and tech as a rising GOP power broker with a rare ability to flow between different worlds—acting as a link between Silicon Valley and Washington while holding sway with liberals and conservatives alike. (Full article.)
I don’t think that there is any comparison to the Sun Valley Conference in terms of just how important that conference is to Americans and the economy, as well as who gets to decide who is “fit” to fill the role of President of the United States, as invitees are required to stay for the entire conference, as the host, the shadowy Allen & Co. investment firm, even provides lodging for these rich and powerful people to bring their families with them.
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