I talk about finance, economics, trading, politics, startups, investing, and just stuff I am interested in like the Cubs, Cooking, Traveling and whatever.

I talk about finance, economics, trading, politics, startups, investing, and just stuff I am interested in like the Cubs, Cooking, Traveling and whatever.

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The Citizen Outreach PAC just endorsed me for State Treasurer.
The PAC laid out three rules for getting their backing.
First: You’ve got to be viable. Serious candidates with a serious shot of winning.
Second: You’ve got to work with conservatives once elected. No more “ghosting” the grassroots people who helped put you in office.
Third: You’ve got to be a fighter. Not a deal-cutter who caves. Not a bench-warmer doing a potted plant imitation. A fighter.
They quoted Hall of Fame quarterback Johnny Unitas: “Talk is cheap. Let’s go play.”
Exactly.
Kind of how I have done it my entire career. I was telling my team about trading on the floor. I started there in May of 1986. The pits were tough and merciless. 90% of the people who tried their hand at trading didn’t make it. My old hog buddy Bobby Henner (HNR) likened it to going to a knife fight every day. Once, I got into a fight and got fined $500. I didn’t even throw a punch! He grabbed me around the neck, and it was all I could do not to rumble. But, I was on Pit Supervision and the Board of Directors! I got even with him. Bought 1000 one day, spread them off, and by the time we checked the trade, he was out $250k. Other times, we would scuffle, and no one would get fined. It was a very physical business. However, the physicality wasn’t the hardest part. The emotional and psychological part was much tougher.
I remember when you could cut deals in politics. Those days are gone in a large part because of the polarization of the parties. Socialism isn’t something you cut deals with. Today’s Socialist Democrats are very different than the old Machine/Union Democrats of the 1960s-90s. This is a new breed.
At the same time, the state treasurer or controller ought to be one of the most non-partisan offices in the state. One is about investing money. One is about cutting checks and tracking them.
Our state controller, Andy Mathews, had a terribly difficult job when he took office. Things were a mess. I spoke to him and his deputy about it. They received criticism from all sides about the length of time it took to complete a state audit. It’s hard to do an audit quickly when you have to decipher and organize a huge mess.
They got it done, though.
As I look at whatever public information is available on the state treasury, the office has become politicized. They applied DEI/ESG investing metrics when they could. Just recently, the state treasurer performed some theatre with 18 other Democratic state treasurers to send a “tariff” bill to Trump after the SCOTUS decision.
The office is about ROI and cutting debt for taxpayers, not theater.
Yes, we will eliminate waste, fraud, and abuse from the system. A major goal of mine is to bring a higher sense of professionalism and modernization to the office. Over the past eight years, we have missed some opportunities. In 2021, President Biden shoveled a ton of money to states, which covered up a lot of potential or immediate problems in state finances. In addition, with a rising interest rate environment and a portfolio invested primarily in short-term US Treasuries, it’s easy to appear strong.
What happens when the Fed goes into a cycle of cutting rates?
I appreciate the endorsement of the Citizen Outreach PAC. We have some more endorsements that we haven’t released publicly yet. They will be released in a timely manner. Candidate filing isn’t until March 15 in Nevada, and some people would prefer to wait until then. In a social media age, some wallpaper has to be produced.
I haven’t paid for any endorsements or pandered for them. They are organic. I am grateful that people have looked at the field and have confidence in me. You can support us here. We are getting all kinds of support from $20 to maximum contributions. They are all meaningful, believe me. This politics thing ain’t cheap! With all the fraud (see Minnesota), it makes it more expensive for everyone. JeffCarterNV.com.
The Citizen Outreach PAC just endorsed me for State Treasurer.
The PAC laid out three rules for getting their backing.
First: You’ve got to be viable. Serious candidates with a serious shot of winning.
Second: You’ve got to work with conservatives once elected. No more “ghosting” the grassroots people who helped put you in office.
Third: You’ve got to be a fighter. Not a deal-cutter who caves. Not a bench-warmer doing a potted plant imitation. A fighter.
They quoted Hall of Fame quarterback Johnny Unitas: “Talk is cheap. Let’s go play.”
Exactly.
Kind of how I have done it my entire career. I was telling my team about trading on the floor. I started there in May of 1986. The pits were tough and merciless. 90% of the people who tried their hand at trading didn’t make it. My old hog buddy Bobby Henner (HNR) likened it to going to a knife fight every day. Once, I got into a fight and got fined $500. I didn’t even throw a punch! He grabbed me around the neck, and it was all I could do not to rumble. But, I was on Pit Supervision and the Board of Directors! I got even with him. Bought 1000 one day, spread them off, and by the time we checked the trade, he was out $250k. Other times, we would scuffle, and no one would get fined. It was a very physical business. However, the physicality wasn’t the hardest part. The emotional and psychological part was much tougher.
I remember when you could cut deals in politics. Those days are gone in a large part because of the polarization of the parties. Socialism isn’t something you cut deals with. Today’s Socialist Democrats are very different than the old Machine/Union Democrats of the 1960s-90s. This is a new breed.
At the same time, the state treasurer or controller ought to be one of the most non-partisan offices in the state. One is about investing money. One is about cutting checks and tracking them.
Our state controller, Andy Mathews, had a terribly difficult job when he took office. Things were a mess. I spoke to him and his deputy about it. They received criticism from all sides about the length of time it took to complete a state audit. It’s hard to do an audit quickly when you have to decipher and organize a huge mess.
They got it done, though.
As I look at whatever public information is available on the state treasury, the office has become politicized. They applied DEI/ESG investing metrics when they could. Just recently, the state treasurer performed some theatre with 18 other Democratic state treasurers to send a “tariff” bill to Trump after the SCOTUS decision.
The office is about ROI and cutting debt for taxpayers, not theater.
Yes, we will eliminate waste, fraud, and abuse from the system. A major goal of mine is to bring a higher sense of professionalism and modernization to the office. Over the past eight years, we have missed some opportunities. In 2021, President Biden shoveled a ton of money to states, which covered up a lot of potential or immediate problems in state finances. In addition, with a rising interest rate environment and a portfolio invested primarily in short-term US Treasuries, it’s easy to appear strong.
What happens when the Fed goes into a cycle of cutting rates?
I appreciate the endorsement of the Citizen Outreach PAC. We have some more endorsements that we haven’t released publicly yet. They will be released in a timely manner. Candidate filing isn’t until March 15 in Nevada, and some people would prefer to wait until then. In a social media age, some wallpaper has to be produced.
I haven’t paid for any endorsements or pandered for them. They are organic. I am grateful that people have looked at the field and have confidence in me. You can support us here. We are getting all kinds of support from $20 to maximum contributions. They are all meaningful, believe me. This politics thing ain’t cheap! With all the fraud (see Minnesota), it makes it more expensive for everyone. JeffCarterNV.com.
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