Snapshot · All-In with Chamath, Jason, Sacks & Friedberg
On Election Day in-person voting, Spencer Pratt led with 35%, Karen Bass had 29%, and Nithya Raman had 26% — but post-election mail-in ballots flipped the results dramatically.
Where this was said
At 1:08:40 · chapter starts 1:05:39
Friedberg presents LA mayoral race statistics showing Pratt led in-person voting 35% to Raman's 26%, but post-election mail-in ballots flipped the result [1] — David Friedberg "On Election Day, Spencer Pratt led with 35%, Bass had 29%, Raman 26%. In mail-in ballots received after Election Day, Raman surged to 37% a…" 1:08:20 . He walks through California's ballot harvesting and voter registration laws [2] — David Friedberg "California legalized unlimited ballot harvesting, sends ballots to every registered voter whether they want one or not, lets anyone registe…" 1:09:45 .
May CPI came in at 4.2% year-over-year, the highest reading since April 2023, driven in part by the Iran war's energy shock.
May Producer Price Index hit 6.5% year-over-year, the highest since the end of 2022, signaling mounting upstream inflationary pressure.
Polymarket odds of a Fed rate hike in 2026 jumped to 49%, up from under 10% before the Iran war started.
On Election Day, Spencer Pratt led with 35%, Bass had 29%, Raman 26%. In mail-in ballots received after Election Day, Raman surged to 37% and Pratt dropped to 19% — a one-third decline. Chamath says the odds of this happening randomly are one in a trillion. The question isn't whether something happened; it's whether it was legal.
California legalized unlimited ballot harvesting, sends ballots to every registered voter whether they want one or not, lets anyone register with no citizenship proof, and requires almost no signature verification. None of these laws individually look fraudulent. Together, they create a system where elections are functionally appointments.
California Assembly Bill 1921, passed around 2018, legalized unlimited ballot harvesting — allowing any individual to collect and submit ballots for others regardless of relationship.
A total of 8 states have filed lawsuits against social media platforms, including an ongoing case in Tennessee, using product liability and public nuisance theories to seek accountability.
France built 56 nuclear plants in the 1970s and now has the cheapest energy in Europe, making it independent of Russian or Middle Eastern energy geopolitics.
Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
The National Endowment for the Preservation of Liberty raised $6.3 million for the Contras but only $3.3 million reached them — a shockingly low 52% program expense rate.
Richard Secord and Albert Hakim marked up their arms shipments to the Contras by as much as 300%, making enormous personal profits from the covert operation.
Lieutenant Colonel Oliver North, tapped to run the entire covert Contra support operation, had no prior experience in covert operations whatsoever — he was learning as he went.
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