When Shervin Pishevar set out on Twitter to highlight some of his thoughts about the US economy and other financial related matters, he expressed some deep issues that need to be looked at for the economy to thrive. In 50 messages, he outlined what he thought was wrong with the economy and the financial industry as a whole. In his opinion, the country was suffering due to mistakes made by those in positions of leadership in the government as well as those in the private sector. In tweet storm that lasted 21 hours, Shervin Pishevar made it clear that the future looks dull for the US economy. In his analysis, indications of a financial storm have been triggered, and it is only a matter of when for the storm to take shape. Already the New York Times has reported that major investors are selling off their assets to avoid losing in the financial storm that is beckoning.
Apart from the performance of the US economy, Shervin Pishevar also took that opportunity to talk about other factors such as the performance of the cryptocurrencies. In his opinion, bitcoin and other cryptocurrencies should be supported as they stand separate from the centralized banks. He says they will bring a perfectly efficient and frictionless trading environment. However, he maintained that bitcoin would not support the high prices that it recorded at the end of 2017. He predicted that the prices would fall until they reached the $2-5k range.
Shervin Pishevar also highlighted the shift in the position of Silicon Valley as the most important innovations hub in the world. According to Shervin Pishevar, the United States is building walls to prevent immigrant talent from having an opportunity to grow in the country. He thinks that this is a wrong decision that the country is taking since it will work against them. In his prediction, the idea of Silicon Valley is no longer about a physical place and but an idea that is being implemented in almost every country around the world. Shervin Pishevar was part of the Obama administration that created a proposal in the form of the Startup Visa Act that was intended to allow immigrants talent into the country. He is of the opinion that immigrant talent no longer needed to come into the United States since the idea of the Silicon Valley has been devolved to other parts of the world.
The Explanation and Importance of Freedom Checks
The term Freedom Checks confuses a lot of people when they hear it for the first time. In fact, most people do not believe that this is a legit policy. However, those who understand how checks work have benefited a lot from this policy. Checks give an opportunity for investors to conduct a tax free business. As illogical as this might seem, it is true and a lot of investors have benefited a lot from it. These checks offer opportunities to invest in a tax-free investment in various sectors. For instance, it offers an opportunity for investors to invest in real estate business and also any businesses related to energy.
What are Freedom Checks and the Significance?
Many people including those who are aware of the existence of the freedom checks policy do not understand how they work. Investors who operate the freedom checks have more than five hundred and fifty firms that are commonly referred to as master limited partnerships. These master limited partnerships have various roles to play especially in the energy industry. Some of the roles that they play include transporting fuel through pipelines and also identifying, exploring and developing refineries. After developing the refineries they then lease to their partners who will send 90% of the total amount they get to the master’s limited partnership.
There are many benefits for investors that partners of the master limited partnership from these firms. The first benefit of being a partner of these firms especially if your business is related to energy is that the master limited partnerships provide transportation of the fuel through a pipeline which is a safe means. Another way that partners benefits are through their quarterly earnings they get depending on the shares they have for the company. Although the amount one will receive every quarterly after buying the firm’s shares depend on the size of the investment, it is advisable for American to buy as many shares as possible so that they can join the checks team. Some people believe that checks are like dividends but the master limited partnerships refer to it as distributions.
Along with Brad Keywell, Eric Lefkofsky co-founded a tech company called Tempus. The company helps doctors quickly find the best-individualized care for each cancer patient. Tempus uses data points to quickly find medical solutions. They do this by collecting large amounts of medical and cancer data.For example, Tempus analyzes DNA and RNA tests to analyze molecular testing results. Then they combine this information with all the data amassed from each patient’s notes and reports.Finally, Tempus technology uses all these data points to come up with the most effective individual protocol.
Nationwide hospitals such as Duke, the Cleveland Clinic and the University of Michigan use the Tempus company. The company is worth 700 million dollars and Lefkofsky is the CEO. Previously, Keywell and Lefkofsky founded Groupon (2008), Lightbank (2010), and Uptake (2014).Multi-billionaire Eric Lefkofsky is a philanthropist too. He and his wife have a children’s charity called the Lefkofsky Foundation. It promotes education, human rights, and medical research. They are also members of the Giving Pledge, a promise made by select wealthy people to donate most of their money to charity.
In Chicago, Lefkofsky is on the board of directors for the Children’s Memorial Hospital, the Art Institute of Chicago, The Museum of Science and Industry and is a Steppenwolf Theatre Company Trustee. He also gives back by teaching at DePaul University and at Northwestern University.Eric Lefkofsky attended the University of Michigan, where he earned his Bachelor of Arts (1991) and his law degree (1993). He was born in Southfield, Michigan, outside of Detroit and ranks 328 on Forbes 400 List. He is available on Facebook and Twitter and his personal website is http://lefkofsky.com/.
It takes a courageous person to criticize the government head-on and explain their dissatisfaction with most of the policies that the government is implementing. Shervin Pishevar has been that person who does not hide his feelings concerning how the government has been conducting itself in recent times. In his 21-hour twitter explode, that was sometimes interrupted by dinner, Shervin Pishevar has pointed out some of the significant economic policies currently being implemented by the government that he is not convinced such strategies will work.
Shervin Pishevar cannot understand why the arguably largest economy in the world cannot accept people with knowledge and skills to live and operate in the country. What worries him the most is that the government has chosen to erect fences in a bid to keep out all people and their endeavors out of the American economy. This is a wrong policy and should not be accepted by the members of the public, as it is geared towards separating the economy from the rest of the world. There is a possibility that America will produce its goods and consume them by itself.
The idea of American exclusivity cannot work in this era. Shervin Pishevar notes that the American government wants to protect its technology but forgets that other nations have significantly invested in technology as well. He highlights that the idea of Silicon Valley is an illusion as the world by itself is becoming a Silicon Valley. He notes development in China, European countries, and the upcoming African countries with much capacity than people though.
It is clear that Shervin Pishevar wants the economy to be open to all individuals who wish to operate and reside in the United States. It is not wise for a nation to exclude itself from other countries around the world and expect to survive. Therefore, it is high time the current administration opens the borders for a border-less world economy rather than closing the borders for people who have grown the American economy.