Vivek Ramaswamy DISMANTLES Socialist Mamdani, defends Capitalism from left-wing opportunists
"Capitalism is the best system known to man to lift people up from poverty!"
Hello Capitalists,
Here’s everything you need to be following today:
Vivek Ramaswamy dismantles socialist opportunists in NYC
Trump’s Tariff revenue soars in August
The Fed Gov member could be in the next Fed Meeting
The S&P 500 just welcomed two new members
Tesla’s status as king of EV’s is under threat
The mystery over Fed Gov Kugler’s August resignation deepens
College kids flock to Onlyfans for tuition cash
Today’s markets:
DOW: 45388.26 (⬇️0.03%) - 🔴
S&P: 6491.88 (⬆️0.16%) - ✅
NASDAQ: 21806.03 (⬆️0.49%) - ✅
CBOE VIX Volatility Index: $15.37 (⬆️1.52%) - ⚠️⬆️
Vivek defends Capitalism, slams misguided socialists about to takeover NYC
Responding to a new Gallup Poll revealing that only 54% of U.S. adults view capitalism favorable while 39% view socialism favorably, Ohio gubernatorial candidate Vivek Ramaswamy went on CNBC to defend the merits of free market capitalism and warn against the short-sighted economic idealism of the left.
Ramaswamy pointed to the lack of financial literacy as a source for the embrace of socialism by many Americans.
“The best way to combat the popularity of socialism is actually to make everyone a capitalist by making them an owner in those uncapped, upside equity creating assets,” Ramaswamy explained.
Ramaswamy admitted that affordability is a major real issue for many Americans, then criticizing Mamdani’s rent control agenda as counterproductive to driving down housing costs.
“That isn’t the way to do it,” he said. “The way to do it is to actually increase the supply of new home construction,… What gets in the way? Rent restrictions. Red tape.”
“A lot of those far-left policies, while well-intended, are actually resulting in hurting the people they intended to help,” he added.
Watch Vivek’s socialism take down on CNBC:
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Trump’s Tariffs brought in a record breaking $31 BILLION in August
The U.S. Treasury raked in a record $31.4 billion in August 2025 tariff revenue, the largest monthly haul this year, as Trump’s trade policies reshape global commerce amid legal challenges.
Tariff Revenue Soars: Total 2025 tariff collections hit $183.6 billion, nearly doubling last year’s pace, with August’s $31.4 billion setting a new monthly record.
Legal Battles Intensify: A federal appeals court ruled Trump exceeded emergency powers, prompting a Justice Department appeal to the Supreme Court, though steel and aluminum tariffs remain unaffected.
Economic Impact Debated: Tariffs boost federal coffers but raise consumer prices as businesses pass costs along, fueling concerns about inflation and economic uncertainty.
Debt Reduction Proposed: Texas Rep. Moran’s TRUST Act aims to funnel excess tariff revenue into a fund to tackle the $37 trillion national debt starting in 2026.
Trump’s new man at the Fed could be installed before the Sept rate decision
President Trump’s nominee, Stephen Miran, could join the Federal Reserve Board in time for a pivotal September rate-cut vote, intensifying tensions with Fed Chair Jerome Powell over monetary policy.
Miran’s Confirmation Looms: Stephen Miran, Trump’s pick for the Fed Board, awaits Senate confirmation, potentially influencing the September 16-17 FOMC meeting.
Trump Pushes Rate Cuts: Trump demands lower interest rates, clashing with Powell’s cautious 4.25%-4.5% rate stance amid tariff-driven inflation concerns.
Kugler’s Exit Opens Door: Adriana Kugler’s shock resignation allowed Trump to appoint Miran, aligning the Fed closer to his economic agenda.
Cook’s Potential Removal: Trump’s effort to oust Governor Lisa Cook could secure a Fed Board majority, amplifying his monetary policy influence still further.
The S&P 500 welcomes Robinhood and Applovin to the party
AppLovin and Robinhood surged 7% after S&P Global announced their inclusion in the S&P 500 index, effective Sept. 22, spotlighting their meteoric rise in tech and fintech sectors.
AppLovin’s Explosive Growth: AppLovin’s stock soared 278% in 2023 and over 700% in 2024, driven by its targeted ad software for mobile apps, though 2025 growth slowed to 51%.
Robinhood’s Fintech Milestone: Robinhood’s inclusion, replacing Caesars Entertainment, marks a win for fintech, with its $91.5 billion market cap reflecting its role in democratizing trading.
MarketAxess, Caesars Out: MarketAxess and Caesars Entertainment, down 17% and 21% year-to-date, respectively, are replaced, signaling a shift toward tech-driven companies in the S&P 500.
Tesla’s still king of the EV market but for how much longer?
Tesla’s U.S. electric vehicle market share plummeted to 38% in August, a near eight-year low, as rivals like Hyundai and Toyota surge with aggressive incentives, outpacing Elon Musk’s once all conquering model lineup.
Competition Outpaces Tesla: Rivals Hyundai, Honda, Kia, and Toyota boosted EV sales by 60-120% in July, leveraging higher incentives to capture market share.
Aging Lineup Hurts: Tesla’s focus on robotaxis and humanoid robots has delayed new, affordable EV models, leaving its lineup outdated compared to newer rivals.
Musk’s Politics Impact Brand: Elon Musk’s right-wing political ties and Trump association have played a part in alienating some customers.
Financial Pressure Looms: With federal EV tax credits expiring in September, Tesla faces tough choices between profit-destroying incentives or further market share losses.
Fed Gov’s mysterious resignation has people asking questions
The intrigue surrounding former Federal Reserve Governor Adriana Kugler’s abrupt resignation in August continues to deepen.
Kugler’s Mysterious Exit Deepens: Adriana Kugler resigned from the Federal Reserve Board on August 8, 2025, citing a return to Georgetown University, but her faculty page lists no teaching and still notes her as on leave.
Property Records Spark Questions: A CNBC review found conflicting descriptions of Kugler’s primary residence in her financial disclosures and Maryland tax records, which she attributes to a county tax official’s error.
Trump Eyes Fed Control: Kugler’s exit allows Trump to nominate a third governor, moving him closer to a majority on the seven-member board, intensifying his push to influence monetary policy.
College kids cash in on OnlyFans
As tuition costs soar, college students nationwide are flocking to OnlyFans, creating explicit content for quick cash, sparking alarm over safety risks and shifting cultural norms on campuses.
Skyrocketing Tuition Drives Trend: Rising college costs, averaging $38,270 annually, may be pushing students to produce on OnlyFans to fund their education, with some facing loan debt in the hundreds of thousands of dollars.
Cultural Shift Normalizes Platform: Since 2023, students are openly embracing the use of OnlyFans, with documentary filmmaker Rock Jacobs noting a move from secrecy to pride in explicit content creation.
Psychological Risks Alarm Experts: Psychotherapist Jonathan Alpert warns that OnlyFans’ instant gratification may foster dependency, tying students’ self-worth to online validation and subscribers.
Family Values Under Threat: Jacobs argues the platform’s rise undermines traditional family values, raising concerns about long-term societal impacts as students prioritize fame and fortune through explicit content generation.
is Kugler another mortgage cheat? seems to be a pattern here if that is the case
TRUTH!