Hello Capitalists,

Here is everything you should be following today:

• Epstein files show he was Larry Summers “wing man”

• Married Summers pursued Chinese professor mentee

• Her father was high ranking Chinese Communist Party Official

• Bitcoin dives below $90K

• Peter Thiel sells all his Nvidia stock

• Toyota embraces “build where we sell”

• Cloudflare crash causes global internet outage

Today’s markets + assets:

• 🔴 DOW: 46094.99 (⬇️ 1.06%)

• 🔴 S&P: 6624.61 (⬇️ 0.72%)

• 🔴 NASDAQ: 22467.08 (⬇️ 1.06%)

• ⚠️✅CBOE VIX Volatility Index: 24.34 (⬆️ 9.34%)

• 🔴 Gold: $4070 (⬇️ 0.12%)

• 🔴 Silver: $50.50 (⬇️ 0.42%)

• ✅ Bitcoin: $93,343 (⬆️ 3.75%)

The Capitalist is a reader-supported publication Reject Corporate Left-Wing Journalism

Support What We Do

Epstein files expose Harvard President’s romantic pursuit of Chinese Communist Party linked professor

In a bombshell fallout from Jeffrey Epstein’s unsealed files, former Harvard president and Bill Clinton’s Former Treasury Secretary, Larry Summers, confessed deep shame Monday over emails revealing his pursuit of Chinese female mentee while married—with the convicted sex offender acting as his sleazy “wing man”—prompting a retreat from public life and calls for his ouster from the Ivy League School.

• Emails Reveal Wingman Role: Newly disclosed 2018-2019 communications show Epstein advising Summers - was selected by President Obama as the Director of the National Economic Council in 2009 - on romantic overtures to his mentee - despite Epstein’s 2008 underage prostitution conviction..

• The Scandal Deepens: The Harvard Crimson alleges that the woman being discussed by the two men is Keyu Jin, a macroeconomist tenured professor at the London School of Economics and that Jin’s father is “a former high-ranked Chinese Communist Party official and the founding president of the Asian Infrastructure Investment Bank, who Summers had long been close with.“

• Summers Admits Misjudgment: In a stark statement, Summers expressed profound regret for sustaining ties with Epstein post-scandal, vowing accountability while prioritizing teaching duties.

• Warren Demands Severance: Massachusetts Sen. Elizabeth Warren blasted Summers’ “monumentally bad judgment,” on CNN urging Harvard to cut all affiliations and deeming him unfit to influence students or policy.

• Federal Probe Looms Large: Acting on Trump’s directive, AG Pam Bondi launched a DOJ inquiry into Summers’ Epstein links alongside Clinton and Hoffman, as Congress eyes forcing more file disclosures.

Together with AMAC

Your Complimentary 90-Day AMAC Membership

America is at a crossroads — and your voice matters. That’s why we’re inviting you to try AMAC — The Association of Mature American Citizens — free for 90 days.

When you activate your complimentary membership, you’ll receive immediate access to:

• Exclusive Savings on travel, insurance, healthcare, and more

• Trusted Resources on Medicare, retirement, and Social Security

• A Voice in Washington through AMAC Action, our powerful grassroots advocacy arm

• Community & Fun with the AMAC Magazine, book club, sweepstakes, and more

No cost. No credit card needed. No obligation. Just 90 days of everything AMAC has to offer — so you can experience the difference for yourself.

[Activate Your Free 90-Day Membership]

Join today and stand with millions of like-minded Americans fighting to protect faith, family, and freedom.

Learn More

P.S. You’ll also start receiving AMAC Magazine, the trusted publication conservatives rely on for news and insight you won’t find anywhere else.

Bitcoin dives below $90K, Erasing ALL of 2025’ gains

Bitcoin tumbled below $90,000 for the first time since April on Tuesday, wiping out its year-to-date gains amid a broader investor flight from speculative tech assets, as the cryptocurrency—once peaking above $126,000—signaled a deepening market risk-off mood.

• Record Peak Now Vanished: Bitcoin’s value soared to over $126,000 in early October 2025 before a steady slide erased all yearly progress, leaving it down 2% year-to-date at around $91,000.

• Tech Sell-Off Correlation: Nasdaq-100 plunged 4% this month as investors dumped AI-linked holdings, with Bitcoin’s $1.8 trillion market cap eerily foreshadowing the $32 trillion index’s downturn.

• Proxy Stocks Hammered: MicroStrategy shares, a key Bitcoin lever, cratered 27% in November, reflecting amplified pain in crypto-tied equities during premarket trading.

• Expert Alarm Sounded: Strategist Mike O’Rourke called the Bitcoin-tech link “undeniable” and “alarming,” warning that a speculative asset now drives global market cues like a tail wagging the dog.

Traders grapple with a potential four-year market cycle and $19 billion in liquidations fueling a self-fulfilling sell-off prophecy amid fading post-election euphoria.

• Self-Fulfilling Sell-Off Accelerates: Bernstein analysts warn Q4 2025 downturn stems from trader expectations of cycle peaks, triggering profit-taking by long-term holders without historical 60-70% drawdowns.

• Institutional Adoption Stabilizes Trends: Unlike past cycles, ETF inflows and “higher quality ownership” from institutions signal structural growth, not peak fragility, according to experts.

• Historical Timing Heightens Caution: Decline hits 400-600 days post-April 2024 halving, aligning with prior bull-to-bear shifts and stalled buyer appetite since October 10.

• $80K Bottom Beckons Buyers: Analysts eye post-Trump election lows as entry points, bolstered by MicroStrategy’s $835 million token buys at a $102,171 average.

Peter Thiel sells all his Nvidia stock and half of his Tesla stock in massive risk rebalance.

Peter Thiel’s Mithril Capital Management stunned Wall Street by completely offloading its Nvidia stake and halving its Tesla position in the third quarter, signaling a bold pivot away from AI and EV darlings amid soaring valuations and market volatility.

• Nvidia Stake Eradicated: Mithril Capital fully exited its Nvidia holdings, previously valued at over $100 million, as the chipmaker’s explosive AI-driven growth prompted a strategic reevaluation of over-concentration risks.

• Tesla Position Halved: The fund reduced its Tesla shares by 50%, from a significant stake to about $50 million, reflecting caution over the EV giant’s high multiples despite ongoing innovation in autonomous driving.

• Portfolio Reallocation Strategy: Proceeds from the sales fueled investments in undervalued sectors like biotech and traditional energy, aiming to diversify beyond tech hype and capitalize on emerging global opportunities.

• Thiel’s Contrarian Philosophy: Echoing Thiel’s “zero to one” mentality, the moves underscore a hedge against bubble territories in megacaps, potentially foreshadowing broader investor shifts as economic headwinds loom.

Toyota drops $912 million on US production in “build where we sell” plan

In a bold push amid surging demand, Toyota Motor Corp. is pouring $912 million into U.S. plants across five Southern states to ramp up hybrid production, creating 252 jobs and unveiling hybrid Corollas by 2027—echoing President Trump’s call for an American manufacturing revival.

• Massive Multi-State Expansion: Toyota is allocating funds to facilities in West Virginia, Kentucky, and Mississippi, with $453 million for hybrid engines in Buffalo and $204 million in Georgetown Kentucky.

• Job Creation Boost: The investment spawns 252 new positions, reinforcing Toyota’s “build where we sell” ethos as the top U.S. hybrid seller with 51% market share.

• Hybrid Model Innovations: The Blue Springs plant gets $125 million to convert Corolla line for hybrids, targeting completion by 2027 to meet customer demand.

• Strategic Tariff Navigation: The investment is part of $10 billion U.S. pledge by 2030, Chairman Akio Toyoda eyes collaborative tariff solutions to safeguard industry and consumers.

Cloudflare crash blacks out the web for hours

In a stunning global internet blackout, Cloudflare’s mysterious traffic surge Tuesday knocked out Elon Musk’s X, OpenAI’s ChatGPT, Shopify, Uber and many other blue chip names for hours, exposing the web’s fragile underbelly just months after major cloud meltdowns.

• Mysterious Surge Sparks Outage: The unusual traffic spike hit Cloudflare at 6:20 a.m. ET, triggering errors across its network. The cause is still unknown despite rapid response.

• Widespread Service Disruptions: Beyond X and ChatGPT, outage hammered e-commerce giant Shopify, job site Indeed, AI chatbot Claude, Trump’s Truth Social, and NJ Transit’s digital tools, briefly sidelining web status tool Downdetector.com

• Swift Resolution Achieved: The full fix deployed by 9:57 a.m. ET, restoring services as Cloudflare mobilized teams for monitoring, though shares plunged over 3%.

• Echoes Recent Cyber Woes: This latest crash follows October’s AWS daylong failure, Microsoft’s Azure collapse, and July’s CrowdStrike glitch that grounded flights and snarled finance, highlighting persistent infrastructure risks due to reliance on large centralized web companies

The Capitalist is a reader-supported publication Reject Corporate Left Wing Journalism

Support What We Do