Podcasts about blackrock

In a world more connected than ever, so many people still feel isolated, unseen, and alone. This week, we'll explore why loneliness has become so common, what might be shaping our sense of disconnection, and where people have historically found belonging and meaning.

Today, Allie sits down with Justin Haskins to discuss the complexities of the financial system, particularly the role of major players like BlackRock and Blackstone. Justin explains the Depository Trust Company, which actually owns shares on Wall Street. In the conversation, they highlight President Trump's stance on banning large investors from buying single-family homes and his impact on global regulations like the Corporate Sustainability Due Diligence Directive. Justin also explains the geopolitical tensions between the U.S., Europe, and emerging alliances like BRICS and the potential risks posed by AI. You can learn more about this topic from Justin's newest book, "The Next Big Crash," which details the Depository Trust Company's control over investments and the potential for a financial heist. Share the Arrows 2026 is on October 10 in Dallas, Texas! Tickets are on sale now at: ⁠⁠⁠⁠https://sharethearrows.com⁠⁠⁠⁠ Buy Allie's book "Toxic Empathy: How Progressives Exploit Christian Compassion": ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.toxicempathy.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Timecodes: (00:00) Intro(00:45) Global Reset & Trade Deals(06:50) A New Cold War & World Powers(16:40) AI & Moral Authority(28:45) Americans Facing Competing Decisions(34:05) Justin's New Book(52:10) Property Rights Heist & the CIA — Today's Sponsors: Legacy Box | Trust the experts to bring those moments back to life. Go to Legacybox.com/ALLIE right now to take advantage of the 50% discount for my listeners. Good Ranchers | If you go to ⁠⁠GoodRanchers.com⁠⁠ and subscribe to any box of 100% American meat, you'll save up to $500 a year! Plus, if you use the code ALLIE, you'll get an additional $25 off your first order. We Heart Nutrition | Check out We Heart Nutrition at ⁠⁠⁠WeHeartNutrition.com⁠⁠⁠ and use the code ALLIE for 20% off. Paleovalley | Right now, you can get 15% off your first order at ⁠Paleovalley.com⁠ with code ALLIE. Concerned Women for America | For a donation of $20 or more, you will get a copy of CWA's new book, written by the CEO and president, Penny Nance, "A Woman's Guide: Seven Rules for Success in Business and Life." Go to ⁠ConcernedWomen.org/Allie⁠ for your copy today. — Related Episodes: Ep 1175 | Singularity: Davos' New AI-Backed Plan to Take Power | Guest: Justin Haskins https://podcasts.apple.com/us/podcast/ep-1175-singularity-davos-new-ai-backed-plan-to-take/id1359249098?i=1000704354680 Ep 1102 | Did Trump Just Stop the Great Reset? | Guest: Justin Haskins https://podcasts.apple.com/us/podcast/ep-1102-did-trump-just-stop-the-great-reset-guest/id1359249098?i=1000677374601 Ep 1067 | This New European Law Is About to Change the World | Guest: Justin Haskins https://podcasts.apple.com/us/podcast/ep-1067-this-new-european-law-is-about-to-change-the/id1359249098?i=1000669739236 Ep 744 | Great Reset Update: GAEA, Boiling Oceans, & Extraterrestrial Superheroes | Guest: Justin Haskins https://podcasts.apple.com/us/podcast/ep-744-great-reset-update-gaea-boiling-oceans-extraterrestrial/id1359249098?i=1000596385466 — Buy Allie's book "You're Not Enough (and That's Okay): Escaping the Toxic Culture of Self-Love": ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.alliebethstuckey.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Relatable merchandise: Use promo code ALLIE10 for a discount: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://shop.blazemedia.com/collections/allie-stuckey⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Anthony Scaramucci is the founder and managing partner of SkyBridge Capital and a longtime macro investor at the intersection of traditional finance, crypto, and politics. This conversation was recorded live at Bitcoin Investor Week in New York. In this conversation, Scaramucci shares his candid views on Trump, crypto regulation, why the Clarity Act is critical for the industry, SkyBridge's shift toward bitcoin, his early role in the BlackRock Bitcoin ETF, and why progress in Washington requires compromise. He also explains how demographics, regulation, and capital allocation shape bitcoin's long-term future.======================This podcast is sponsored by Abra.com. Abra is the secure way to access crypto and crypto based yield and loan products through a separately managed account structure.Learn more at ⁠http://www.abra.com⁠.======================⁠BitcoinIRA⁠: Buy, sell, and swap 80+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to ⁠https://bitcoinira.com/pomp/⁠ to earn up to $1,000 in rewards.======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at ⁠https://www.archpublic.com⁠, your portfolio will thank you.======================0:00 - Intro0:20 - Trump, politics & crypto context4:12 - Why crypto regulation will pass7:45 - Inside the BlackRock bitcoin ETF origin story11:52 - SkyBridge's pivot to bitcoin 18:17 - Biggest risk to bitcoin: demographics & old money20:38 - Scaramucci's politics podcast & final thoughts

The hosts guide listeners through practical phrases like ordering a kids' meal (menu dziecięce) and asking about toys, but repeatedly breaks the fourth wall to discuss McDonald's "toxic" aspects: low wages, processed ingredients, lobbying power, and its role in global health issues. The episode name-checks competitors (KFC, Subway, Burger King) and touches on institutional investors like BlackRock and Vanguard, framing language learning within a critique of American corporate culture exported globally.  

Powering AI 2.0 is no longer just a technology story — it's an energy and infrastructure story reshaping capital markets and the global economy. As artificial intelligence scales from training to real-world inference, electricity demand is accelerating at a pace few anticipated.In this episode of The Bid, host Oscar Pulido is joined by Will Su from BlackRock's Fundamental Equities Group to examine how Powering AI 2.0 is transforming utilities, natural gas markets, renewables, and nuclear power. With data centers expanding rapidly and gigawatt-scale facilities coming online, the AI build-out is driving a structural shift in U.S. electricity demand after more than a decade of stagnation.Will explains why the energy sector sits at the center of AI investing. From the rise of “bring your own power” models to the growing role of natural gas as a dispatchable, scalable fuel source, the infrastructure required to support AI represents one of the largest capital investment cycles in modern history. The conversation also explores renewables, battery storage, and nuclear power — including the limits of restarts and the long timeline for new reactor construction.Key moments:00:00 Introduction Power Is Knowledge: AI's Exponential Energy Appetite02:31 From Tokens to ‘Yottaflops': Why Smarter Models Need More Electricity05:04 Training LLMs vs. Inference: The Next Wave of AI Power Demand06:45 Data Centers at City Scale: How Big Is the Load?11:15 Bring Your Own Power (BYOP): Why Natural Gas Is Back in Focus16:04 Renewables Reality Check: Solar Momentum, Wind Headwinds, and Batteries19:14 Nuclear's Comeback - Restarts Now, New Builds Later21:26 Can AI Beat Humans at Investing? Man + Machine as the Edge23:33 Wrap-Up, What's NextKey insights from this episode:· Why natural gas has emerged as a key “here and now” fuel for AI infrastructure· How renewables and battery storage fit into the AI electricity mix· The long-term outlook for nuclear power and reactor construction· What “bring your own power” means for hyperscalers and utilities· How electrification and reshoring intersect with AI investing· Why the relationship between compute and energy is reshaping stock market trendsPowering AI 2.0, AI investing, infrastructure, capital markets, energy transition, utilities, stock market trends, megaforcesSources: “From CES 2026 to Yottaflops: Why the AMD Keynote Highlights a Turning Point for AI Compute”, AMD 2026; “The Industrial Revolution, coal mining, and the Felling Colliery Disaster”, Lancaster University, 2026; Bureau of Economic Analysis data 2026; “Stargate's First Data Center Site is Size of Central Park, With At Least 57 Jobs”, Bloomberg 2026; “Energy Demand from AI”, IEA 2026; “Scaling bigger, faster, cheaper data centers with smarter designs”, McKinsey 2025; EEI 2024 Review; “Data Centers Ditching the Power Grid, Mark Carney's Viral Speech, and Some Joy”, Clearview Energy; “2024 North American Energy Inventory”, IER;This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nick Valdez looks at the VERY bullish news regarding Blackrock and Ethereum. But the charts aren't as bullish! Will the bulls or the bears take control. We cover both levels in today's episode.

In this episode, Lex chats to Joseph Chalom, CEO of SharpLink, a Nasdaq-listed leader in digital asset treasury management focused on Ethereum. Joseph shares his journey from BlackRock and the Aladdin platform to pioneering digital asset strategies, including staking and tokenization. The discussion explores the evolution of fintech, the integration of crypto into institutional finance, and the future of decentralized finance (DeFi) and AI-powered financial agents.  Joseph highlights SharpLink approach to making Ether productive for investors and the growing institutional adoption of blockchain technologies. NOTABLE DISCUSSION POINTS: SharpLink's scale and “productivity” pitch for ETH We hear that SharpLink (Nasdaq listed since July 2025) has raised a little over $3B in equity, holds ~$3B of ETH, and claims it stakes nearly 100% of its ether—framing itself as a public equities “one click” way to get both ETH upside and yield. A rare behind the scenes look at BlackRock's crypto playbook We get specifics on how BlackRock approached digital assets through three pillars—Circle/USDC reserves, the Coinbase integration (announced Aug 4, 2022) to make crypto trading “boring” for institutions, and tokenization via BUIDL on Ethereum with Securitize, which he calls the largest tokenized fund. The next wave thesis AI agents + Ethereum rails Chalom argues the underestimated unlock is autonomous AI agents using Ethereum for programmable settlement, continuously reallocating capital across staking, lending, liquidity, and DeFi while monitoring smart contract risk—replacing manual “yield farming” with always on optimization. TOPICS Sharplink, BlackRock, FutureAdvisor, Ethereum, ETH, Buidl, Aladdin, digital assets, treasury management, decentralized finance, tokenization, Bitcoin, AI, AI Agents, Roboadvisors, Autonomous Agents   ABOUT THE FINTECH BLUEPRINT

Mike Silagadze is the CoFounder and CEO of ether.fi.Ether.fi is building crypto's own Revolut, a fully integrated banking experience that's self-custodial, with lower fees and higher rewards than traditional fintech. In Q4 2025, ether.fi Cash hit $126M in card spending, up 160% quarter over quarter, making it the largest non-custodial crypto card.Mike breaks down the business model (Stake, Liquid, Cash), how they survived October 10th with zero liquidations, and why 2026 is the year they go mainstream.In this episode, we cover:+ How Cash revenue is diversifying the business beyond ETH exposure+ Why they're not another DeFi casino+ $50M revenue in 2025, forecasting $100M+ in 2026+ Token holder rights and why value accrual must be enshrined+ Tokenized stocks and gold coming in March 2026------

LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured  Larry Fink of BlackRock says Americans may need $2 million to retire — and most aren't even close. Chris explains why rising debt, inflation, money printing, and government spending have moved the retirement goalposts, why Gen X faces serious challenges, and what it really takes to build wealth and stay financially secure today.

The Mag 7 have committed over $700 billion to AI infrastructure, but the companies building the models may never capture the value. Thank you to our sponsors: Adaptive Security Fuse: The Energy Network The BLS just quietly revised away 862,000 jobs, and real-time inflation trackers now peg price growth below 1%, less than half of what official figures report.  If the Fed is steering monetary policy with stale data, investors need to ask what else the models are getting wrong.  At the same time, the Mag 7 have committed more than $700 billion to AI infrastructure, with Anthropic alone projecting $1 trillion in revenue within five years. Is that conviction or the early stages of a debt cycle nobody is pricing?  And then there is the institutional side of crypto: BlackRock's BUIDL fund just landed on Uniswap with $2.4 billion in assets, Apollo acquired $90 million in Morpho tokens, and AI agents are already settling micropayments in stablecoins.  Austin Campbell, Ram Ahluwalia, and Christopher Perkins sit down with Truflation's CEO Stefan Rust to ask whether the numbers we trust are telling us the truth. Hosts: ⁠Ram Ahluwalia⁠, CFA, CEO and Founder of Lumida ⁠Austin Campbell⁠, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting ⁠Christopher Perkins⁠, Managing Partner and President of CoinFund Guest: Stefan Rust, Founder and CEO of Truflation Links: Unchained:  BlackRock Just Chose Uniswap. The Market Didn't Care. Here's Why. Apollo Moves Into DeFi Lending With Morpho Token Deal UNI Spikes on BlackRock DeFi Move, Then Gives It All Back Macro: NBC: U.S. had almost no job growth in 2025 PBS: Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool Crowdfund Insider: Secretary Of The Treasury Scott Bessent Calls Out Truflation's Inflation Numbers At Senate Banking Hearing AI CapEx: Amazon, Google And Others Are Pouring $700 Billion Into AI CapEx, Top Analyst Explains Why This Makes It 'Hard' To Bet Against Nvidia CIO: Data center capex to hit $1.7 trillion by 2030 due to AI boom Reuters: OpenClaw founder Steinberger joins OpenAI, open-source bot becomes foundation Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's blockchain and crypto news Bitcoin is up slightly at $67,432   Ethereum is up slightly at $1,981 And Binance Coin is up slightly at $615 Two Abu Dhabi-based funds disclosed over $1B in BlackRock's IBIT Zora to launch attention markets Bridge says it has conditional approval from the OCC Moonwell takes on bad debt in oracle error. Ark Invest adds COIN, Bullish. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto News: BlackRock begins acquiring ETH for upcoming Ethereum staking ETF. Abu Dhabi funds held over $1 billion of BlackRock's Bitcoin ETF at end of last year. Crypto venture capital firm Dragonfly raises $650 million.Brought to you by

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Interview with Diane R. Garrett, President & CEO of Hycroft MiningOur previous interview: https://www.cruxinvestor.com/posts/hycroft-mining-nasdaqhymc-nevada-giant-eliminates-debt-targets-2026-production-milestone-8914Recording date: 18th February 2026Hycroft Mining (Nasdaq: HYMC) has published an updated Mineral Resource Estimate confirming 55% growth in Measured and Indicated gold and silver resources at its Hycroft Mine in Winnemucca, Nevada. The deposit now stands at 16.4 million gold ounces and 562.6 million silver ounces in the M+I category, with inferred resources of a further 5.0 million gold ounces and 132.8 million silver ounces. The MRE was prepared by independent third parties and is based on commodity prices of US$3,100/oz gold and US$36/oz silver.The update incorporates results from 70 drill holes and reflects a geological reinterpretation that has fundamentally changed how management and institutional investors view the asset. In late 2023, Hycroft announced the discovery of two new high-grade silver systems, Brimstone and Vortex, within the existing resource footprint. After just 14 months of drilling, those systems have already yielded an initial high-grade M+I silver resource of 90.2 million ounces. Critically, both systems remain open along strike and at depth, and no results from the current 2025-2026 drill programme are yet incorporated into the MRE.Metallurgical test work using Pressure Oxidation has confirmed recoveries of 83% for gold and 78% for silver - robust figures for a refractory sulfide deposit and a key de-risking milestone ahead of a feasibility study. The company is also evaluating a roasting alternative that could convert a processing cost into a by-product revenue stream through sulfuric acid production.Financially, Hycroft is well-positioned to execute. The company holds approximately US$200 million in cash with zero debt, following the retirement of legacy liabilities in October 2024. The institutional shareholder base, led by Eric Sprott at 43%, with BlackRock, Schroders, and Franklin Templeton also on the register, reflects sustained conviction in the long-term thesis. Project economics on the large-scale operation are expected by end of Q1 2026, with an underground mining assessment of the high-grade systems also underway.—View Hycroft Mining's company profile: https://www.cruxinvestor.com/companies/hycroft-mining-holding-corporationSign up for Crux Investor: https://cruxinvestor.com

On this episode, my guest is Leslie Kern, PhD, the author of three books about cities, including Gentrification Is Inevitable And Other Lies and Feminist City: Claiming Space in a Man-Made World. Her work provokes new ways of thinking about and creating cities that are more just, equitable, caring, and sustainable. Leslie was an associate professor of geography and environment and women's and gender studies at Mount Allison University from 2009-2024. Today, she is a public speaker, writer, and career coach for authors and academics.Show Notes* Gentrification and touristification* Naturalization of gentrification* The new colonialism* Intersectionality* Who's to blame: renter or landlord?* The hipster and the safety net* The invisible face behind gentrification and touristifcation* Transactionality or hospitality? The case of Airbnb* Commercial gentrification* The right to stay putHomeworkLeslie Kern - Website - InstagramGentrification Is Inevitable and Other Lies - USA - Canada Feminist City: Claiming Space in a Man-Made World - USA - CanadaHigher Expectations: How to Survive Academia, Make it Better for Others, and Transform the UniversityThe Tenant Class by Ricardo TranjanTranscriptChris: [00:00:00] Welcome, Leslie, to the End of Tourism Podcast. Thank you for taking time out of your day, to speak with me. Thank you. To begin, I'm wondering if you'd be willing to tell us where you find yourself today and what the world looks like there, for you.Leslie: Sure. I find myself in Cambridge, Ontario.It's a city of about 130,000 people. If I looked out my window right now, I would see a lot of blowing snow. It's about minus 27 Celsius with the windchill, or something hideous like that today, so taking the time to talk to you this morning means I don't have to go out and shovel anything just yet. So.Chris: Well, thank you. Thank you for joining us. it's a great honour and I'm really looking forward to this conversation that bears a great deal of complexity. So, I had invited you on the pod in part to explore your book, Gentrification is Inevitable and Other Lies. And [00:01:00] in it, Leslie, you write that“Gentrification has come to be used as a metaphor for processes of mainstreaming, commodification, appropriation, and upscaling that are not necessarily or directly connected to cities. In this story about gentrification, gentrification stands in for any sort of change that pulls a thing or a practice out of its original context and increases its popularity, priciness, and profit-making potential.”Given that some of our listeners might not have heard of the term “gentrification” before, although I doubt it, but given that those who have heard it might understand it also to be what you and others refer to as a “chaotic concept,” I'm wondering if you'd be willing to take a stab at defining it for us today?Leslie: Yeah, absolutely. If we [00:02:00] look to, I guess, a kind of typical scholarly definition of gentrification, it would be describing an urban process in which middle or upper class, or in some other way, privileged households start to move into a neighbourhood or area of the city that has historically been more working class, or perhaps an immigrant neighbourhood, perhaps more industrial, and begin to remake that neighbourhood, kind of in their own image, thus driving up housing prices both in the rental and ownership markets, driving up the cost of living in the area, and critically, as part of the definition, resulting in some level of displacement of the older inhabitants of that neighbourhood. “Displacement” meaning they've been kind of priced out or otherwise pushed directly or indirectly to leave and [00:03:00] move to some other neighbourhood.So, typically with gentrification, the definition is centred around it being a class-based process, but in more recent decades, many scholars, myself included, have wanted to broaden that and to acknowledge that other axes of power and privilege, for example, race, gender, ability, age, sexuality, and so on, also play a role in contributing to the kinds of forces that propel gentrification. And we can maybe get into some of that later.So for myself, in the book, I talk about gentrification as “any kind of process of taking over claiming space and remaking it in the image and for the interests and benefit of a more powerful group of people, or perhaps even corporations, to some extent.” So, [00:04:00] gentrification is really the process of taking and claiming space. And I also do include displacement as part of that process, although I also acknowledge that sometimes people can be kind of psychologically displaced, even if they aren't necessarily physically pushed out of their neighbourhoods.Chris: Mean it's something that I was noticing in Toronto before I left and moved and migrated here to Oaxaca. It's something that I think in the last five or ten years has become an unfortunate mainstay of city life in the vast majority of places, of urban places in the world.And this is also something that I've seen quite a bit here in Oaxaca, Mexico in a somewhat prolific tourist destination. And so, in places that have [00:05:00] been deemed “destinations” in this way, there's often a kind of reductionism, here anyways, and in other tourist destinations in which gentrification and what's sometimes called touristification is confused.And so one definition of “touristification” is simply “the process of transformation of a place into a tourist space and its associated effects.” So a kind of very vague and broad definition. But we also understand that gentrification can happen in places that aren't necessarily tourist destinations.And so, we've also discussed in the pod the possibility that a place doesn't necessarily need tourists in it to have touristic qualities or context what we might say. [00:06:00] And so I'm curious for you, do you think it's important to distinguish the two concepts, gentrification and touristification? And if so, why?Leslie: Yeah, great question. I think a distinction, to some extent, is important in that, yeah, there may be elements of touristification, for example, that are somewhat unique to that process, especially in terms of the kind of impact that it might have on local inhabitants who may not necessarily be displaced, but who may see their everyday lives kind of radically altered by the touristification of an area.And as you say, gentrification happens in all kinds of areas, many of which are not geared to tourism, although sometimes that is a kind of later effect of gentrification, is that tourists might be drawn to certain neighbourhoods or places that they would not have otherwise gone to in the past.As [00:07:00] you mentioned in your earlier question, there's been some concern in the gentrification literature that it's a bit of a chaotic concept, by which it is meant that it's maybe too broad of an umbrella [term], and so many different kinds of processes are kind of lumped together under that umbrella. I think it's a useful umbrella, but under that umbrella, we can try to be clear about what we're talking about when we look at particular locations, and try to articulate the impacts that these processes are having on the local community, economy, environment, and so on.Chris: Thank you, Leslie. Thank you for that. So your book is broken up into chapters that reveal the deeper realities behind the tropes or lies sometimes spouted about gentrification. And there are often many. And so I'm curious if after having done the research and writing for this book, and it was published in [00:08:00] 2022, so perhaps there's been some deeper reflection in that regard, I'm curious what you feel might be the most important lie about gentrification that requires our attention and why?Leslie: Ooh, really putting me on the hook to like pick a favorite child there. No, I'm joking. Ultimately, I mean, I guess the most straightforward answer would be the first one that I discuss in the book, which is right there in the book's title, which is the idea that gentrification is inevitable. And we can kind of unpack that a little bit further, as I do in the kind of first main chapter of the book, which is to say that in some accounts of gentrification, it's presented as a sort of natural process, right? As something that is just akin to evolution, for example. So there's this idea that if you kind of start with, for example, a working class or immigrant [00:09:00] neighbourhood, lower income community, with some other kinds of attributes that might not make it seem wealthy or desirable, that over time, just through, I don't know, a kind of mystical series of properties, the way that species evolve or human beings develop from fetus and baby to an adult through this series of difficult to trace impacts, that somehow it just happens. Right. And of course, the problem with that, again, is that if we think it's natural, then we don't really think there's any way to stop it.And also when we describe something as “natural,” we often imbue it with positive qualities. Well, if it's “natural,” it's just meant to happen. It's just the way things are. And why would we want to stand in the way of that process? From a kind of political standpoint, it becomes very problematic, because it means that there's not really a [00:10:00] willingness perhaps on the part of those who have some power and influence to slow down gentrification, to pause it, to use whatever tools they might have in their kind of legislative toolbox to create guardrails around the process happening or to try to prevent it altogether. And from a kind of community response standpoint, it can be very disempowering to believe that gentrification is inevitable, unstoppable, that once you see those first, white, middle-class families move into your neighbourhood, “boom, you're done. It's over. The clock is counting down to the time when it's not your neighbourhood anymore and you'll just have to leave, so why bother to do anything about it?”And as I also try to show in the book, you know, it's hard to fight gentrification, but there are examples around the world of communities that have pushed back and kind of “pumped the brakes on gentrification,” as one [00:11:00] activist described it to me. So, we, I think, don't want to fall into this trap of believing that communities themselves are powerless, or that our politicians and policy-makers have absolutely no tools that they can use to change this.So I would say that is probably the most important kind of first line myth or lie that we need to challenge. And then we can kind of go down the line and pick apart some of the other ones, which is how I've structured the book as you point out. Yeah.Chris: Thank you, Leslie. Yeah, I mean, that was a really jarring chapter for me, in part because of this notion that not only is quote gentrification inevitable or natural, but that the city is, according to different philosophers and thinkers, imbued with this kind of biological life and [00:12:00] and that it follows as you were mentioning certain processes that are “ natural” as far as evolution is concerned.And imediately, this brought me back to my research on what's often referred to as 19th century social evolutionist thought, these notions that were often created or maintained by kind of, elite, wealthy, white men in the 19th century, not all of whom were academics, some of them were bankers, for example, among other things, but essentially promoting this notion that certain races or genders or types of people had evolved along the natural processes of evolution either faster than others or got ahead in certain ways, and that, of course, this was a way for those people, not only the non-academics, but those in academia [00:13:00] to employ hypotheses theories as a way of justifying colonial histories and the ongoing conquests of different people around the world. And so, in that context, I'm curious if you imagine or think that gentrification understood or described as “natural” in this way is a kind of extension, a historical extension of that kind of colonial power play of the 19th century.Leslie: Yeah, I absolutely do. And there are many ways in which the power dynamics and even the language or the vocabulary around gentrification mirrors that around colonialism with all of the problematic tropes there of neighbourhoods or areas of the city being taken over where “there's really nothing there,” right?[It's the] same kind of justification for colonialism. “There's nothing there. [00:14:00] There's nobody there that we need to care about,” so European colonizers are entitled to this land. Similarly, with the way that many developers, for example, I think, rationalize or justify the kind of projects they engage in.“Oh, there's nothing really happening in that part of the city. There's not really a community there. It's just a space of problems or deviation from the norm or disorder. And so we, as developers, as city planners, we're going to bring order and light and civilization, quite frankly, to these neighbourhoods.”So I'm sure you're hearing in this, all those echoes around colonialism. And this point around the social evolution part of it, I think that is the kind of darker, maybe less acknowledged side of gentrification, is that when we start to talk about neighbourhoods as “nothing's happening there, there's nobody there.” [00:15:00] Who's “nobody,” right? Who falls into that category of “nobody,” right? It's poor people. It might be unhoused people, working-class people, people of colour, queer people, disabled people, sex workers, right?“All people who we don't really think of as kind of counting as citizens, people who we don't think have a legitimate voice in the city, people who we don't think have a right to the city or a claim on the city.” And they're just seen as disposable, as easily displaceable, as not really contributing anything to the community or to the city at large. So I think there's definitely a sense of kind of hierarchy in terms of, “who are the seemingly new people who are coming in, right?” And they're viewed as “bringing all of these kind of gifts and benefits to the neighbourhood, and in some ways, perhaps even uplifting the poor [00:16:00] or downtrodden inhabitants of the ghetto or the barrio or whatever. And the locals should somehow be grateful to receive gentrification similarly to the way that people were, say, ‘oh, you should be grateful to receive an education if you're from the lower-classes or working-classes.'”So, yeah, I think there's definitely echoes and traces of that same kind of logic, right? It's a logic of superiority, a logic of dominance, a logic of control that resonates, whether it's colonialism or social evolutionism. Um, yeah.Chris: Wow. Fascinating. Fascinating stuff. I mean, this is, I think, to a large degree culture or what we call culture or what culture might be is made on the tongue, and that the, the kind of unacknowledged ways in which we speak the world into being [00:17:00] is something that's been direly overlooked in our time. So thank you for speaking to that in that way. And I think it's something that we would properly kind of continue to wonder about as we speak and as we think, and perhaps before we speak as well.You know, you mentioned in there the different types of people that are often displaced as a result of gentrification. And this shows up quite a bit in your book. So I wanted to ask you about what you refer to as “intersectionality,” an intersectional approach to gentrification.Some of the conventional critiques that you mentioned in the book, including the economic critique (kind of follow the money), the aesthetic critique (the kind of clean lines and fancy bakeries that show up), as well as the class critique, which you mentioned kind of upward mobility, among others.That said, you focus a good portion of the book, I think, on this neglected importance of intersectionality. And so I'm curious, why do you think an intersectional approach has been ignored in the [00:18:00] past, and why might it be crucial for a cohesive or integral analysis of gentrification?Leslie: Hmm. I think an intersectional approach has been kind of sidelined, if you will, in part because most of the key kind of prominent gentrification scholars of the late 20th century and into the 21st century have been, honestly, white men probably themselves from middle-class backgrounds, or obviously university educated scholars and they've been, like neo-Marxist, or Marxist. That's their theoretical perspective. That's their training. They come from a kind of Marxist, political economy, background. That's the lens of analysis that they bring to whatever kind of problem they're looking at in the world, including gentrification.And they've done brilliant work, right, and created a lot of really foundational [00:19:00] concepts, gone and done really important empirical work so that we can actually see what the impacts of these processes are. And there's nothing I want to take away from that being a key voice within the field of gentrification studies, but I think too often either there's been kind of minimal lip service paid or kind of outright pushing to the side of feminist perspectives, anti-racist perspective, anti-colonial perspectives and more, because it's sort of seemed like, well, “class is the main driver and anything that maybe disproportionately impacts women or people of colour, or queer folks or elderly people, that's like a side effect, right? Like the main driver is class and those people are simply impacted because they also happen to fall into lower income brackets.”So it's a pretty neat and tidy [00:20:00] story and you can kind of see why it has some appeal. So I think, you know, those political economy, neo-Marxist scholars is not that they don't care about race or gender or other factors. They're just like, “well, it's all really rolled up under the umbrella of ‘class.' And if we just figure out the ‘class' piece, then those other things will kind of fall into place.” But for feminist scholars, critical race scholars, anti-colonial scholars and so on, they've wanted to point out that assuming that class is the primary driver behind things is maybe an assumption that we've held onto for too long without questioning it. And instead of seeing racial impacts and so on as something that's just happening off to the side through a class process, maybe we want to also look, especially in something like an American context, but in other places as well, at the deeply foundational layer of race to the development of cities, to the development of the [00:21:00] nation, and we can't kind of sideline the impacts of racial discrimination and the kind of hierarchy of race that has developed over many centuries in these locations and say, “oh, well it's a secondary factor.”For myself, I'm a feminist scholar. My background is in women's and gender studies before I kind of accidentally stumbled into being an urban geographer. And to me it was always kind of obvious, but I think I've had to argue this point so often that processes like gentrification, neoliberalism, urban revitalization, as it's called, doesn't just kind of impact women as a tangential side effect, but that gender inequality or assumptions about gender roles and so on are like part of what drives the process. And so I try to bring that out in the book by looking at different kinds of examples of the ways in which different sorts of [00:22:00] communities or people are impacted to hopefully show, to hopefully make a case for this idea that taking an intersectional perspective doesn't deny the class factor at all, but that it allows us to look at gentrification through a more nuanced lens and one that respects the fact that class is not the only, and not always the most salient marker of hierarchy and status in our societies.Chris: Hmm, hmm. Yeah, I did go to university a long time ago, and it seemed that what was offered up on the proverbial, kind of conceptual, bill, politically speaking was, here are your five major theories or perspectives and kind of like choose one and decide what you like the best and then argue for it or against it.But it does seem that the more apertures that we have onto the world, without necessarily needing [00:23:00] to collapse our considerations into a single one can broaden our understanding of the world deeply, right? Deeply, deeply. And it's something that I see anyways less and less of.I think there's more and more possibilities for experiencing that in our time, but I think there's a lot of processes that are happening in which there's less and less of it that's actually occurring - a kind of collapse of maybe ontological diversity or philosophical diversity.I don't know what to call it, but seems prevalent and at least from this little aperture. So.Leslie: Yeah, I would agree with that, as someone who, just in my own little brief lifetime here on this earth has been peddling my little feminist arguments for 30-plus years. And then we add on to that, the 30 years before that and 30 years before all of the previous generations. It seems like we are, [00:24:00] not just from a feminist perspective, but we are kind of constantly having to make these arguments for that ontological diversity, as you put it, or even just the idea that, oh, you can view things through different lenses and learn different things about whatever kind of process or force or issue that you're interested in.Chris: Hmm. Well, thank you for that. I'd like to, if I can, Leslie, there was something I've been wrestling with for a while and it was very much front and centre, this kind of inner wrestling when I was reading your book.And so, I'd like to share that with you at the moment if I can, and we'll see where it takes us. So part of the reason that I left Toronto a decade ago was that the housing crises, that perhaps for some wasn't yet a crisis in Toronto, has of course ballooned. But in the past five years I've watched that same housing crisis play out here in Oaxaca.[00:25:00] And what arose almost immediately in the, we'll say media sphere, the online world and certainly on the streets as well, was a kind of xenophobic campaign or campaigns blaming tourists, digital nomads, and “expats” for the rising cost of rentals and housing. Now, while not entirely misguided, the percentage of such people is insignificant in comparison to the total population of renters and homeowners here.And then I ask myself, well, “why isn't anyone questioning the role of homeowners and landlords, those who actually decide the price of rental units, those who decide to turn long-term rentals into Airbnbs, and those who are, some of them anyways, more often than not, part and parcel of the political ruling class in many places?” Why not blame them?And so, if you think about this enough, you can [00:26:00] begin to imagine that the willingness to blame specific people, types, classes, races, et cetera, can ignore the cultural, economic and structural elements of society that allow and encourage such dynamics to emerge. And it seems to me that you speak to this, to some degree, in your book writing, how“it is not helpful in a critique of gentrification to get overly stuck on the styles and preferences of a group, when, for many decades now, gentrification has been propelled by much stronger forces than aesthetic trends.”And in another part of the book, you write that “cultural factors cannot be hastily dismissed, not when their power is easily co-opted by capital. Trends in denim and facial hair are not responsible for gentrification, but when large groups of people are redefined as a class based on their tastes, occupations, and aesthetics, they become a market and a justification for urban [00:27:00] interventions.”And so my question has to do with what I might call, I don't know if this is something that shows up in your work or in your research, but a kind of “ecological analysis,” one that doesn't necessarily separate people into essentialist categories, but contends with how maybe the rules of the game produce the player's behaviour and beliefs.And so I'm wondering, you know, in your research, is that something that is tended to, a way of, “okay so, we're not going to only blame or ask the tourists to take responsibility or the digital nomads, et cetera, and we're not only gonna blame or ask the landlords to take responsibility, but understand that they live and inhabit a kind of web of relations that has, for a long time, created the context that allows them or even [00:28:00] encourages them to proceed in a particular way?Leslie: Yes, a hundred percent. I really love the way that you put that there and giving it that kind of label of like an ecological perspective there. I think it's so important to do in the book. You know, the first quote that you read there, I think has to do with this idea that, “oh, you know, hipsters were causing gentrification” kind of thing.And I wanted to kind of, not defend the hipster per se, but to just say, well, in a city like New York, for example, the takeover of midtown Manhattan and the absolute sort of pricing out of regular people, well, from Manhattan as a whole in many cases is not to do with artists and yoga teachers moving into those neighborhoods. It has to do with massive multinational corporations buying up housing, developing condos, like all of these other things that [00:29:00] are going on. And as you say, I mean, I think it is useful to question and critique landlordism for example, and even home ownership itself, but there's a reason why people engage in these practices and as you say, it's because of these all sorts of other like prior sort of conditions and causes this kind of web of possibilities that so much of our... the policy, the legislative world, our national context shapes for us.Like in Canada for example, home ownership is, as you well know, sort of seen as the ultimate goal in the housing market. Renting is seen as very much a kind of transitional stage for people. And the idea is to eventually, sooner rather than later, own your own home.And of course there's all kinds of cultural myths around that, of homeowners being like responsible people and better citizens and all this kind of stuff that is, maybe like [00:30:00] largely nonsense. But why, in this context, do people become homeowners? Well, this is the way that we've been told “you secure your retirement in the absence of a truly kind of robust old age security net.” Yes, we have some. We have pension, old age pension, but for many people, the home is ultimately their social safety net, and government policy has very much been set up to encourage us to treat our homes in that way and to rely on paying off a mortgage and having that home to be the basis of survival into our old age.Right. And there are many other things. That's just one example. So I think, as you say, it's really important to kind of look at that whole ecosystem. And that doesn't mean that we don't say, “well, okay, what are homeowners doing that might be potentially problematic and contributing to the problem?”Well, that could include things like turning units into Airbnbs or acting in NIMBY-ish (Not In My Backyard), kind of ways that limit, for example, the amount of affordable housing that might go up in their neighbourhood and other things. Of course, all of those dynamics have to be critiqued, challenged, pushed back against. But, keeping, at the same time that kind of zoomed out perspective of like what's going on on a larger scale, in the kind of corporate and investment world and the government policy-making world, I think at least helps us to understand why these different groups are kind of positioned in the way that they do and the kind of range of possibilities that they see for themselves within that web.Chris: Mm mm Yeah. Yeah. That reminds me of a moment that I had here in Oaxaca, maybe three or four years ago. There was a student group that had come down from a Canadian university, and they were here for a couple weeks, and I was having dinner with them. Not all of them, but there was maybe four of the women from the student group that I was having dinner with.And one of them was probably in her, I would say [00:32:00] mid-fifties, an indigenous woman from Ontario. And the other three were much younger, probably in their early twenties. And they were suddenly talking about the sudden or at least recent kind of housing crisis in their university town, we'll call it, maybe a small city, but big town. And how in previous years they could afford the rent, but suddenly, and of course this was 2021-2022, when a lot of these dynamics started changing extremely rapidly. And I was kind of moderating the conversation at first. And then it turned out, she wasn't so quick to out herself as a landlord. But the indigenous woman, the 55-year-old kind of alluded to it and then said, “well, you know, for a lot of people, it's a pension plan. “It's my retirement plan, essentially.” And it was this really interesting dynamic about how these four women, who had come to this place and were in the same program, studying the [00:33:00] same thing, that one of them had to perhaps, unbeknownst to her, undermine the economic life and possibilities of those younger women by virtue of requiring a retirement plan.Right. And I think at least in Canada, in countries that are very much still welfare states, that it speaks to a, the incredible degree in which the care that's offered, especially to the elderly, is almost entirely top-down. There's so little, if any, community care.And, you know, of course this is a very kind of small example, a very kind of minute example. I think maybe a common one. But of course you also have other examples of, as you mentioned before, corporations... is it BlackRock this massive mutual fund that I know in, in Europe and places like Barcelona and the major cities there end up buying entire apartment buildings or blocks even, and evicting [00:34:00] the residents and then setting up Airbnb buildings, essentially. So, I mean, there's this incredible kind of degree of difference and diversity in terms of how, as you mentioned landlordism and rent is affecting people.But I just wanted to mention that. It was a really kind of interesting moment for me to see this dynamic and the young women kind of complaining about, you know, I guess the future, the present and the future of their economic lives. And then, this older woman also not necessarily complaining, but very much concerned about her ability to live as well, economically and to thrive economically into her older age.Leslie: Yeah. And there's these kind of ironic situations popping up all over the place where so for example, someone might have a public pension. And as you point out, many public pensions are deeply invested in real estate income trusts. This is like a huge piece for example, in Ontario, of [00:35:00] Ontario public workers' pensions, but around the world as well, and I don't have the details, but a story that was in the news several years ago about a man somewhere in Europe who was being evicted from his apartment because that one of these real estate investment corporations was taking it over and was gonna redevelop it in some way. But his public pension was invested in that very same company. Right?So many people are kind of caught in these loops where it's like, we would very much like to not be like, displacing ourselves or our neighbours or community members, but we don't necessarily have control over how our pension funds are invested, right? Like you might have a choice like, “oh, I'd like to divest from fossil fuels, for example, or from tobacco or military, like arms deals.” Like, sometimes, you can opt out of those things in your pension funds, but there's not really a way to like opt out of real estate investment.My substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.It's such a huge part of those things now. So I think that's an area where there's increasing kind of research and critical perspectives on that in gentrification scholarship and so on that I think is really important to look at, because it's also very hidden, right? This is another aspect I think of contemporary kind of gentrification touristification even, is that there's no face to it, right? There's no face to this process. And maybe that's why it's tempting to take, as you put it a minute ago, that kind of like xenophobic perspective or to blame “expats” in the case of Oaxaca and touristification or in cities to be like, “oh, it's these urban hipsters, maybe these like trust fund kids” or whatever label people might want to put on someone, because there's a face, right? There you can look and be like, “that's the problem.” But the reality is there is no face, right? There's no individual or even group of individuals that's easy to identify. And people doing [00:37:00] research into some of this pension fund stuff that I'm talking about, they hit very opaque walls, even just trying to get the information about how these companies work, the kinds of decisions they make, what their rubrics are around what they call “socially responsible investing.”So it's very deliberately mystified and hidden from us, and I think that is part of the challenge now is like, how do you fight this monster that you can't see, that you can barely name?So yeah, that is I think one of the kind of frightening things, if you will, about, whether we call it “gentrification,” or we think about it in this broader sense of the housing crisis, who's the face of that, the cause of that crisis? Very hard to say in many cases.Chris: Wow. Yeah, I know that these mutual fund companies that end up buying, you know, whole city blocks or buildings, apartment buildings, and then tending to renovictions or whatever they [00:38:00] might use in order to get people out. Once the buildings are “ renovated” as Airbnbs, what happens is those corporations end up outsourcing all of the operational and cleaning duties to companies that they're not involved with at all. So, again, you could have this person who's in front of you, who might be a cleaner or who comes ou in and out of the building or who might run the reservation books or something like that, but they've never met anyone from that mutual fund company. Right. They just get a paycheck.Leslie: Yeah. And it's happening on this kind of global level. The people behind the company that's investing in that building in Oaxaca, like they may have never set foot there, and they may never set foot there. Right? So it's happening from around the world, from thousands of kilometers away from behind these kind of screens of, as you said, these kind of shell companies and these subcontracted, property management companies.I mean the story you were just telling about the woman who's a landlord, like on that small scale, not that [00:39:00] there's nothing problematic about it, but it is also like, you know, she's probably met her tenants, right? She probably occasionally sets foot in the property that she owns and that she rents out, and there's like some aspect of a relationship there. It's still, you know, a problematic power dynamic and all of that, but it's on a very different scale than the investor from London who's has a stake in a condo in Oaxaca. Like, it's a very different web of of relations that goes into that.Chris: Yeah. And even if someone like that, and I've had many, many landlords over the years and I've been blessed to have a number of them who are really incredible people and really incredible in terms of showing up when they're needed in that regard. But it's something, I discussed on a previous episode regarding the Airbnb-ization of the world, a couple years ago. And one of the themes that came up was around hospitality, right? [00:40:00] And even if you have people who are kind of really engaged and really excited and responsible about having a tenant in their home or in a particular building, the kind of transactional nature of that rent almost (and then of course the history of it) precludes, almost by default, the possibility of there being a kind of host-guest relationship, right? Instead of that we are “clients” and and, and “salespeople,” businesspeople to some degree.Right. So another layer of it is this question of like, “well, is it even possible within the dynamic or structure that renting implies and incurs, is it even possible to create a dynamic wherein a person can be understood as a guest in another person's home, and another person can be understood as a host to people who are coming to live in their home? Right? That that same [00:41:00] woman, the 55-year-old landlord said that she had tenants who refused to leave for, I dunno, a year and a half or two years, and once they finally did, left her with a $40,000 damage bill. So, I think there's just layers and layers that are extremely difficult to kind of get into, I shouldn't say in terms of dialogue, in terms of investigation, but in terms of the possibility of creating different dynamics that would maybe represent or produce the kinds of dynamics and worlds that, I think, a lot of people would want to live in.Leslie: Yeah, I totally agree. I mean, I think in a lot of cases, and you honestly don't have to dig very deep, you can open up CBC News and see some poor, sad landlord story most days of the week or listen to kind of corporate or larger scale landlords talk and they often see tenants as a nuisance.“The tenants themselves are a problem,” and if they could invest in real estate and still make [00:42:00] these returns without actually having tenants, that would probably be ideal. And I think that is also part of the push to an Airbnb is that with a temporary guest, you know, a week, a weekend or whatever, you don't have the same responsibility to them as you do to someone with a year lease or perhaps the right to stay there for a longer period of time. So, all you have to do is kind of provide this very basic amenity of the space. You can even impose all these rules on them that you maybe otherwise wouldn't be able to do if it was a longer-term rental.You know, the people who check-in have many fewer rights than actual tenants do. And so in some ways it makes that relationship even more transactional and even more hands off in many cases. And of course there's the quicker profit motive is really the main driving force behind that. But I think there's also this piece of it where it's like, “well, how can I maximize the profit potential of this space with as little actually dealing with other human beings and their needs [00:43:00] as human beings as possible.And yeah, I think that is really, again, from my kind of feminist perspective, that is also interested in thinking about how do we create systems of care in our cities, and what does “care” mean, and what are our responsibilities to one another that, when we look at something like Airbnbification and the touristification and gentrification more generally, those things, in many cases kind of act against the possibility of creating more caring and careful spaces.Chris: Hmm, hmm. Yeah. Thank you for that, Leslie. I have a couple more questions for you, if that's all right?Leslie: Yes, go ahead. Yeah.Chris: All right. Wonderful. So this next question maybe requires a bit of imagination, which I think you have a good amount of, and it has to do with rent.And so one of the lies that you highlight in your book is the belief that gentrification is natural and hence forth inevitable. [00:44:00] And of course, as we've been discussing, nothing is natural nor inevitable and you make an excellent case for that throughout the book. And I feel that there is an equally and perhaps more subtle incarnation of this myth, of this inevitability, in regards to rent, that we as urban people or modern people who grow up in contemporary societies often reinforce and even naturalize a kind of rent slavery that most people rarely see, that most people rarely see their lives as indentured to their landlords.And so, when we talk about gentrification, does this show up at all? Should it? You know, this notion that, “well, if we can come to gentrification and understand that it's in fact not natural and it's not inevitable, can we do the same thing for rent? Because, maybe I haven't read much of the research, but it doesn't seem to be something that [00:45:00] people are so quick to aim their arrows at, we'll say.Leslie: Yeah. I love that question. And I think A, you're right that there hasn't been enough conversation about that. There has not been nearly enough attempts to kind of denaturalize this and B, that that perspective is emerging and growing. If I could recommend a book called The Tenant Class by Ricardo Tranjan. It's also a Toronto-based author, and he does an amazing job in this very short book of basically laying out the case against landlordism, and it totally, as you say, kind of denaturalizing and pushes back on this idea that it's inevitable that there are a class of people that own property and a class of people that rent property, and that this is not inherently a deeply problematic relation. You know, this idea that it's not in some way akin to some kind of indentureship. And he really asks us to look deeply again at this [00:46:00] idea that, if you're a landlord, “well, I have a mortgage to pay, so it's somehow natural that this other person will pay my mortgage for me,” which, when you start to think about it, like it's really messed up in a way. And once you see it, you can't unsee it. So yeah, I think looking more closely at some of these ideas, these kind of statements that come out, and again, you can see it in news articles, these kind of horror stories, and not to diminish, I'm sure, what are very real, like economic and psychological impacts of the so-called kind of nightmare tenant and all of those kinds of things.But you'll hear those kinds of statements: “you know, I have a mortgage to pay.”Well, why is this other person paying your mortgage, then?And then we could probably take a step back and be like, “why do we have mortgages to pay?” But that's maybe another conversation.But yeah, so I definitely recommend that book, The Tenant Class, as a really quick, easy to read, and kind of unforgettable primer on this question. And [00:47:00] I really appreciate you asking it, and I hope your listeners will be like, “oh, yeah, I gotta dig into that a bit more too.”Chris: Yeah.Yeah. I mean, you know, in part because, as prices have risen in most western countries in the last four or five years, there's of course, of course, protests and backlash among people, and “oh, this bakery raised their prices” or “ my rent's going up,” and all these things. But specifically in terms of products and services, you know, people complain or they just accept the fact that prices have risen to a degree that's pricing a lot of people out of their lives, really. But, you know, in the conversations I've had with people and in the literature that I've read, there's no consideration, I think, that the businesses who are raising their prices have had their rents raised, that so much of a business' costs include rent, right? And that very few businesses actually [00:48:00] own the building that they're working out of.Leslie: Yeah, commercial rent is a whole other story because, you know, the protections on residential rent are not what they could be in most places around the world, but there's no protections on commercial rent, like no limitations there. So it's entirely possible that local bakery, their rent could go up by, like double. It could go up from $20,000 a year to $60,000 a year. There's no restrictions on that. There's nowhere to appeal that. There's nothing. So, they are, in some ways, even those small businesses, especially, independent businesses and so on, are very at risk of this. And there's a whole branch of kind of retail gentrification studies as well that kind of looks at the impacts on the local economic landscape of things like this as well. Yeah.Chris: Hmm. Wow. Thank you for unveiling that for us. I mean, uh, so much.So my last question, Leslie, has to do [00:49:00] with what is mentioned in your book, what you refer to as “the right to stay put.”And so,“the right to stay put is a common rallying cry in response to the dangers of displacement. Drawing inspiration from the broader notion of the right to the city, the right to stay put insists that communities are entitled to remain in the places they have contributed to. Furthermore, the right to dwell extends beyond simply having a home in an area, encompassing the right to continue using commercial, community, and public spaces and institutions, as well as the dignity of defending such rights. Importantly, it recognizes that agency is a critical factor. People do not want to be forced to move, nor do they want to be forced to stay in place. Rather, people value choice, the ability to participate in [00:50:00] decisions that affect their communities and the right to resist when they need to.”And so I'm curious what you think it would take for people, say, in urban environments to achieve or enshrine the right to stay put or the right to dwell in their places.Leslie: Yeah, I think we could talk about kind of two main avenues. One would be more of the top-down approach, which is to work to enshrine anti-displacement measures in neighborhoods, which can include everything from rent control or rent stabilization, to the right to return when there are redevelopment projects going on, to deeply affordable housing in new developments, to communities themselves taking on the role of becoming developers, but creating housing within the community for the [00:51:00] community. Not to draw in new residents or not to primarily draw new residents. Again, we're not trying to like, build a fortress around communities or anything, but rather to say, “this is housing that we're earmarking for people from the local community who are struggling with their rent or struggling to find housing, or who need perhaps entry-level home ownership opportunities and to kind of provide that.So there's the kind of top-down approach, really pushing our local governments to have things like community benefit ordinances when new developments are happening that force developers to actually pay attention to what the community needs and to provide those benefits and such.And then, from the kind of ground-up or more grassroots piece, the right to stay put is the the willingness, the ability to organize and come together in some of the places that I mentioned throughout the book. You know, it really [00:52:00] is community-level organization where people have really rallied to make it deeply difficult for planners or developers to kind of roll in and roll out their vision without any pushbacks, to the extent that their neighbourhoods become less of a target for gentrification, because it's like, “oh yeah, we wanna build something there. Oh, that's gonna be a real pain in the butt. The community is not gonna let us get away with what we wanna do.” And that means really making it possible for people to come out to meetings, organizing protests, that kind of right to resist. Sometimes taking... You know, we have long histories in many cities of squatters movements and perhaps we need to revitalize some of that old energy, as well. A kind of refusal to leave. And to find ways, you know, perhaps they don't always have to be kind of in-your-face protest ways, but what are ways to mobilize things like mutual aid to help make sure that our [00:53:00] neighbors are supported, for example, if they have to go before a landlord-tenant board, how can we use community resources and knowledge to actually support one another to stay in place?And that can be everything from addressing food insecurity to having a local rent bank, to partnering with nonprofits, churches, other religious institutions that may have an interest in building social and nonprofit housing to create some of those options.So I think it's about looking at the kind of wide range of alternative forms of housing and housing provision, looking at community mobilizing, community resources, and also tackling the local policy agenda to make staying put as possible, or to enshrine it as a right at a kind of higher level, as well.Chris: Hmm, hmm. Yeah, you go into [00:54:00] great detail about this in the book, and I'm very grateful for that. And the right to stay put kind of jumped out, the text jumped out of the page at me, because living here in Oaxaca, I came to know about this declaration that was created in 2009 by people in a number of communities here in the Mixteca region of Oaxaca who were meeting with their migrant kin who had gone to work in California and the people who had stayed in the community.And the declaration is literally translated as “the right to not migrate.” The way it was translated in English by the author of the book of the same name, was “The Right to Stay Home.” And so while there's a lot of differences between these contexts in terms of rural, indigenous communities here in Mexico and modern urban communities in the global north, there is this sense, [00:55:00] this kind of perhaps shared context wherein the ability to to stay in a place in order so that community can be conjured and maintained and of course enjoyed and lived in, seems to thread its way through these different social movements from the global north into the global south.So, I'm really grateful to see that and to know that there's similar understandings, of course not the same, but similar understandings that are even somewhat unorthodox and unexpected given the political context that sometimes challenge them or preclude something like that from coming up.So that's a little way of saying thank you for your time today, Leslie. On behalf of our listeners, I'd like to thank you for your willingness to join me and to speak to these often complex issues. And on behalf of them, I'd also like to ask you how they might find out more about [00:56:00] your work and your books: Gentrification Is Inevitable And Other Lies, Feminist City: Claiming Space In A Manmade World, and finally Higher Expectations: How To Survive Academia, Make It Better For Others, And Transform The University.Leslie: Yeah, thank you so much for this conversation. People can find out about me and my work at my website, which is just lesliekern.ca.If you just google my name, it will come up easily enough. Feminist City and Gentrification Is Inevitable And Other Lies. For an international audience, you can find those books through Verso books in the US and UK. There's also many translations of both of those books, so you may have the opportunity to read it in your local language if you want to do that as well.The more recent book, Higher Expectations is available from my Canadian publisher Between the Lines Books and in the US [00:57:00] from AK Books, as well. And there's also Epub versions and for the first two books, audiobook versions as well. And I've written lots of articles on these topics as well, in the Guardian and other places.So you can get a little snippet of my thoughts if you, again, Google my name and all of these things will come up in short order. So thank you for letting me share that as well.Chris: Yeah, of course. I'll make sure that the links to all those pages that you mentioned are available on the End of Tourism website and the Substack when the episode launches.And once again, Leslie, a really beautifully revealing conversation today. I think it's something that will not just provoke generally, but provoke a willingness in our listeners to reconsider some of the assumptions that they've had about gentrification.So, once again, thank you for your time today.Leslie: Thank you for having me. I really enjoyed the conversation. Appreciate it. Get full access to Chris Christou at chrischristou.substack.com/subscribe

The recent software selloff shows the market is recognizing AI's disruptive power. Natalie Gill, Portfolio Strategist at the BlackRock Investment Institute, unpacks why the hunt for winners and losers ultimately strengthens the case for AI's massive buildout.General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. In Australia, issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523 (BIMAL). This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL's Financial Services Guide on its website for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico thus is subject to strict rules. For more information on the Investment Advisory Services offered by BlackRock Mexico please refer to the Investment Services Guide available at www.blackrock.com/mx©2026 BlackRock, Inc. All Rights Reserved. BLACKROCK is a registered trademark of BlackRock, Inc. All other trademarks are those of their respective owners.BII0226-5221288-EXP0227

In Episode 50 of Chain Reactions, Blake sits down with Nadia Sergujuk, Co-Founder of Lagoon, the permissionless vault management infrastructure that wants to become the State Street of digital assets. With a background spanning Danish law schools, PWC Legal in London, hedge funds managing $10B+ in AUM, and VC investing in deep tech, Nadia brings a rare cross-disciplinary lens to one of the fastest-growing categories in DeFi.We cover:– How Nadia went from law school in Copenhagen to hedge funds in London to co-founding an on-chain vault protocol– What vault management infrastructure actually is and why every stablecoin dollar eventually needs one– Why Lagoon's team put their own capital in first and how word of mouth drove early traction– The stablecoin explosion, neo banks in emerging markets, and why the digital dollar is eating the world– Privacy on-chain, the rise of institutional chains, and what keeps Nadia up at night (hint: quantum computing and the triple bubble)We also get into regulation as a tailwind, why Japan is the most slept-on institutional market in crypto, the innovator's dilemma facing Western Union and Visa, and why founder-led marketing beats KOLs every time.Timestamps00:00 – Going live and Nadia joins from the Swiss Alps04:00 – From law school in Denmark to hedge funds in London06:30 – First exposure to Bitcoin in 2016 (and not buying it)08:20 – COVID, DeFi summer, and going all in on crypto09:30 – Meeting co-founder Remy at a conference in Bogota11:27 – What is Lagoon? Vault management infrastructure explained13:30 – Why permissionless and open source matters for trust16:26 – Business model: 10% of vault fees plus SaaS services18:00 – Go-to-market: putting your own money in the vaults first20:45 – BlackRock, Fidelity, and the TradFi wave coming on-chain faster than expected22:23 – Why regulation is actually a tailwind for Lagoon25:36 – Japan as the most slept-on institutional crypto market28:00 – Neo banks, stablecoin yield, and serving emerging markets30:30 – Why the digital dollar is irresistible in LatAm, Africa, and Southeast Asia37:00 – Conference circuit: DAF London, DAS New York, and founder-led presence40:06 – What keeps Nadia up at night: quantum compute and the triple bubble45:23 – Chain landscape: Solana's DeFi renaissance and BTCFi's comeback48:04 – Privacy on-chain: why institutions need it and how Lagoon will enable it51:35 – Rapid fire: founder-led marketing, KOLs, Merkl, and the power of peopleShow Notes & Mentions

https://www.theforbiddenknowledgenetwork.comDeep within the towering skyscrapers of New York City's Wall Street resides one of the world's most influential entities. It's not a person, but an AI system called Aladdin, developed by BlackRock - the world's largest asset manager. Managing a staggering $21.6 trillion in assets, equivalent to the GDP of the United States and about 10% of all global funds, Aladdin's influence extends far beyond Wall Street. Its intricate web of interconnected financial data touches every corner of the world economy.In addition to BlackRock, other financial institutions rent Aladdin's abilities, further expanding its reach. However, this immense power and influence has raised concerns. Is too much power being concentrated in one AI? Is there sufficient transparency in Aladdin's decision-making processes? And what are the systemic risks if Aladdin's predictive models fail? Journey with us as we delve deep into the enigmatic world of BlackRock's Aladdin, exploring its origins, its unrivaled power, and the questions we should be asking about AI's role in our global financial future.

Ce mardi 17 février, Antoine Larigaudrie vous présente le placement à suivre dans l'émission Tout pour investir sur BFM Business. Retrouvez l'émission du lundi au vendredi et réécoutez la en podcast.

Ce mardi 17 féverier, Antoine Larigaudrie a reçu Christian Fontaine, directeur de la rédaction du magazine Le Revenu, Félix Baron, fondateur du Club des Investisseurs Indépendants, Gilles Santacreu, trader algorithmique et administrateur du site Boursikoter.com, Arnaud Gihan, responsable de la distribution France chez BlackRock, et Lucile Andréani, directrice du département Sacs à main chez Christie's, dans l'émission Tout pour investir sur BFM Business. Retrouvez l'émission du lundi au vendredi et réécoutez la en podcast.

The crew unpacks BlackRock buying UNI, ARK, Citadel, DTCC, the Intercontinental Exchange and other TradFi players backing Zero, , Vitalik's thoughts on AI, and more.  Thank you to our sponsors! Fuse: The Energy Network MultiChain Advisors Crypto Tax Girl AI safety chiefs are leaving, BlackRock's launching on Uniswap and buying UNI, LayerZero launches “the last blockchain” with institutional backing, Kaito is launching attention markets, Base is abandoning social and Vitalik has some thoughts on AI. Hosts Kain Warwick, Luca Netz and Taylor Monahan unpack these and more in yet another packed episode of Uneasy Money. Find out why Kain thinks the Uniswap and LayerZero news point to a new meta reminiscent of DeFi Summer. Plus, is Coinbase's Base playing it too safe? And is Vitalik fighting a losing battle? Hosts: Luca Netz, CEO of Pudgy Penguins Kain Warwick, Founder of Infinex and Synthetix Taylor Monahan, Security at MetaMask Links: Unchained: ⁠LayerZero Launches ‘Zero' Layer 1 as Citadel, ARK Buy ZRO⁠ ⁠How Zero Blockchain Cracked 2 Million TPS and Is Still Decentralized⁠ ⁠Vitalik Buterin Pushes Back on the ‘Race to AGI,' Outlines Ethereum-Led AI Path⁠ ⁠When AI Agents Take Over, What Does a Post-Human Economy Look Like?⁠ ⁠Uneasy Money: How the Increasingly Better AI Agents Are Being Used Onchain⁠ ⁠Uneasy Money: Why Crypto Still Can't Overcome Its ICO Struggles Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto News: Wall Street giant Apollo deepens crypto push with Morpho token deal. Charles Schwab is staffing up to build its stablecoin. XRP outruns bitcoin, ether after investors piled into the recent crash. Brought to you by

The Daily Gwei Refuel gives you a recap every other week day on everything that happened in the Ethereum and crypto ecosystems - hosted by Anthony Sassano. Timestamps and links to topics discussed: https://daily-gwei-links.vercel.app/recent 00:00 Introductory song 00:10 Tomasz steps down as Co-ED of the EF https://x.com/tkstanczak/status/2022315368430067847 https://ethereum.foundation/assets/ef-org-chart.png https://x.com/aerugoettinea/status/2022318885047779576 https://x.com/devanshmehta/status/2022780807493067129 15:57 First L1-zkEVM breakout call https://x.com/ladislaus0x/status/2021961042348163181 17:54 The case for quick slots in Hegota https://x.com/CarlBeek/status/2021265384989491702 22:41 Uniswap teams up with BlackRock https://x.com/Uniswap/status/2021586380212613218 26:36 Robinhood chain public testnet now live https://x.com/RobinhoodApp/status/2021399303722258575 28:34 The changing winds of crypto This episode is also available on YouTube: https://youtu.be/aLMd0txYOMY Subscribe to the newsletter: https://thedailygwei.substack.com/ Subscribe on YouTube: https://www.youtube.com/channel/UCvCp6vKY5jDr87htKH6hgDA/ Follow Anthony on Twitter: https://twitter.com/sassal0x Follow The Daily Gwei on Twitter: https://twitter.com/thedailygwei Join the Discord Channel: https://discord.gg/4pfUJsENcg DISCLAIMER: All information presented across all of The Daily Gwei's communication channels is strictly for educational purposes and should not be taken as investment advice.

Silver just crashed 41% in a single day while Bitcoin barely flinched — so what does that tell us about where the smart money is really going? In this episode, British Hodl breaks down why $340,000 Bitcoin this cycle is actually conservative, how $10 trillion in bank liquidity is about to flood the markets, why 94% of BlackRock's iBit holders didn't sell through the crash, and what the gold and silver collapse signals about the end of this business cycle. We also dive into why Michael Saylor and BlackRock are now doing the marketing for all of us, how the new Fed chair was basically hired to print, why retail keeps selling Bitcoin at the price they deserve, and what the Trump administration defending Bitcoin really means.

✔️ HopiumLows are in for BitcoinPrice Will Recover when... Blackrock reveals sovereigns and institutions are buying the DIPEvery Bitcoin cycle, the downside compresses✔️ FAILBitcoiners: be careful out there! CYWhat happens if Bitcoin developers don't address quantum risk?The StateBrazil reintroduces bill to create a Strategic Bitcoin ReserveIndiana advances the bill to allow state retirement funds to invest in crypto ETFs✔️ Cool StuffSovereigntax.io✔️ Samourai UpdateLetter 4✔️ Sources:► https://x.com/kherriage/status/2022367996765991184?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://x.com/coinbureau/status/2022617918236954846?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/bitcoinmagazine/status/2022383974144741786?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/TrendingBitcoin/status/2022052370730168628► https://x.com/bitcoinmagazine/status/2022254924969435297?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://indianacapitalchronicle.com/briefs/indiana-committee-advances-crypto-atm-ban-weakened-pension-investment-bill/► https://iga.in.gov/pdf-documents/124/2026/house/bills/HB1042/merge-and-markup/AM104204.mrk.pdf► https://x.com/cointelegraph/status/2022253407386403083?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://www.mexc.com/news/713295► https://x.com/laurashin/status/2022059038964359235?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/anonbtc21m/status/2022801288027586718?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/bitcoinnewscom/status/2022794548972343570?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/blue_collarbtc/status/2022458100633256092?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/theragetech/status/2016895645064270232?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://www.therage.co/letter-4-notes-from-the-inside/► DONATE TO HELP KEONNE AND BILL https://www.change.org/p/stand-up-for-freedom-pardon-the-innocent-coders-jailed-for-building-privacy-tools✔️ Check out Our Bitcoin Only Sponsors!► https://archemp.co/Discover the pinnacle of precision engineering. Our very first product, the bitcoin logo wall clock, is meticulously machined in Maine from a solid block of aerospace-grade aluminum, ensuring unparalleled durability and performance. We don't compromise on quality – no castings, just solid, high-grade material. Our state-of-the-art CNC machining center achieves tolerances of 1/1000th of an inch, guaranteeing a perfect fit and finish every time. Invest in a product built to last, with the exacting standards you deserve.► Join Our telegram: https://t.me/theplebunderground#Bitcoin #crypto #cryptocurrency #dailybitcoinnews #memecoinsThe information provided by Pleb Underground ("we," "us," or "our") on Youtube.com (the "Site") our show is for general informational purposes only. All information on the show is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SHOW OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SHOW. YOUR USE OF THE SHOW AND YOUR RELIANCE ON ANY INFORMATION ON THE SHOW IS SOLELY AT YOUR OWN RISK.

Mrs. P takes a deep dive into Private Equity and the evils it brings and how its tentacles touches every part of our life. From food, to dating, to music, to owning the words largest DNA database. Nothing is safe. JOIN OUR PATREON COMMUNITY -

In the world of political commentary, especially for those of us who lean center-left, the modern Republican party often feels like an impenetrable monolith of rhetoric and “four-dimensional chess”. But every so often, a conversation comes along that forces you to tilt your head and look at the landscape from a different angle.I recently sat down for the fifth time with Michael Maxsenti, a man who has spent fifteen years in the political reform sector. Michael isn't your typical partisan hack; he's a veteran of the Common Sense and Forward parties who has reached a sobering conclusion: the only way to fix the system is to get inside the gates. Now, he's running for Congress as a Republican in a D+4 district, and his rationale is as provocative as it is unsettling for those of us comfortable in our ideological bubbles.The Myth of the Two-Party WarThe most striking part of our conversation was Michael's dismissal of the traditional Republican-versus-Democrat narrative. To him, the “duopoly” we see on the news is a convenient distraction designed to keep us from noticing the real struggle.“The real duopoly is the people, the populist, the people—eighty plus percent of Americans—against those global corporatist, those political economic elites who see themselves above our humanity.”This isn't just populist fire-breathing; it's a critique of a “closed-loop system” where corporate interests like Vanguard and BlackRock pull the strings regardless of who holds the gavel. Michael argues that both parties have “sold us out” over the last forty years, hollowing out the middle class and offshoring jobs for the sake of corporate margins.The “Art of the Deal” DefenseAs someone who grew up valuing integrity and “character matters” as a political slogan, I find it difficult to reconcile the current leadership of the GOP with those traditional values. I challenged Michael on the chaos and the apparent lack of precision in the current administration's implementation of policy—from tariffs on bananas to the “flamethrower” style of governance.His response was a common pattern I've seen in congressional Republicans in pragmatic reframing. He urged the audience to look past the abrasive style and view it as a series of tactical maneuvers.“What appears to be things that are opposite, opposed to... you've got to think of it in those broader terms of tacking into the winds, of navigating around those valleys and cliffs and stuff to get to your goal.”To Maxsenti, the tariffs aren't just economic tools; they are a strategic necessity to “rebuild our country” in an era where AI is stripping away swaths of traditional employment. It's a vision of “America First” that he traces back to the founding principles of Abraham Lincoln—the very principles he claims are buried in the modern party's DNA.Making America Healthy Again: A Radical Common Ground?Perhaps the most surprising area of alignment for a center-left audience is Maxsenti's focus on the “Make America Healthy Again” movement. He pointed out a sobering reality: Americans pay more than double what other developed nations pay for healthcare, yet we have lost six years of longevity compared to Europe over the last two decades.I critiqued the current system as a “fee-for-service” model that motivates providers to treat you only after you get sick. His solution? A radical overhaul of food standards and a focus on “healing” that transcends mere pharmaceutical intervention.“It's about healing, but on the medical level alone... taking away government dollars that is allowing people to, forcing people into poor choices. It's about freedom and it's about giving people healthier options.”While he supports Robert F. Kennedy Jr.'s focus on chronic disease, Maxsenti wants to go further by codifying changes in pesticide laws and farming practices to ensure that the next administration can't simply “flip it back” because they've been bought off by lobbyists.Can an Independent Mind Survive the Machine?The central question for voters in his district—and for nerds like us watching from afar—is whether a man who claims to “only take a knee to God and our Constitution” can actually remain independent once he's inside the Congressional machine.Michael is running against Dave Min, whom he describes as a “prototypical career politician” who “rubber stamps every one of the democratic machine”. In a district where 30% of the voters are independents who left both parties out of dissatisfaction, Maxsenti is betting that his deep roots—as a business leader, coach of eighteen sports teams, and non-profit board member—will carry more weight than a party label.“We need people to go to congress who have proven credibility and skills to bring people together and create solutions to problems, who are not there to make a win; they're there to make a solution.”He admits that the execution of certain policies, like the Department of Government Efficiency (DOGE) and ICE operations, has been “unfortunate” or “tragic” in its delivery. Yet, he remains committed to the core objective: a total system audit and a return to national sovereignty.Final ReflectionsWhether you find Michael's shift to the GOP a pragmatic necessity or a bridge too far, his perspective highlights the deep fractures in our political soul. He isn't offering the usual partisan comfort food. Instead, he's presenting a choice: continue the “downhill slide” of the last few decades, or take a gamble on an “insider-outsider” who believes the system can be reclaimed from the globalist elites.“At my age I'm obviously not going there to do anything other than help change the rules... so that we can have the long term results that the people can see and feel in their lives.”It's a sobering analysis for anyone who cares about the future of this republic. As we navigate the coming months, the question won't just be which party wins, but whether the people we send to Washington have the courage to stop “taking a knee” to anyone but the people they serve.If you enjoyed this deep dive and want to support the work we do here, please consider becoming a YouTube channel member. Your support helps cover the operating costs for the Nerds for Humanity livestream and keeps these independent conversations going. Plus, as a thank you, you'll get a shout-out on every livestream!Bye nerds. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nerdsforhumanity.substack.com

This message looks at the Bible and why it is not merely a book but the Word of God and the power it can have in your life.

Jason Hull, the founder and CEO of DoorGrow, discusses with Ashton Thomas the concept of marrying private equity with property management operations. Ashton Thomas is a third-generation real estate broker in Central Florida, she got her real estate license right after graduating high school and, in February 2019, opened her own brokerage. She decided to start her own brokerage and grew to about 25 agents, but she realized she preferred property management and did not like dealing with realtors and their recurring issues, and shifted her focus after property management "fell into her lap" when employees from a failing company approached her You'll Learn (00:45) Introduction and Ashton Thomas's Background  (03:46) The Audacity to Start a Brokerage at 23  (07:16) The Marriage of Private Equity and Property Management  (07:42) Benjamin Hardy's "Science of Scaling"  (12:31) Understanding Private Equity and the Roll Up Strategy  (17:58) The Advantage of Property Managers in Roll Ups  (19:10) Advice for Getting into Private Equity  (22:29) Raising Capital and How to Connect with Ashton Thomas Quotables "I've been thinking too small. That's why it's been so hard." "That's like entrepreneurs worst nightmare is to be feeling stuck and feeling like I'm not moving and I'm not getting traction and I'm not accomplishing anything." "The slowest, absolute slowest path to growth is to do it alone." Resources DoorGrow and Scale Mastermind DoorGrow Academy DoorGrow on YouTube DoorGrowClub DoorGrowLive Transcript Jason Hull (00:00) All right, five, four, three, two, one. Hello everybody, I'm Jason Hull, the founder and CEO of DoorGrow, the world's leading and most comprehensive coaching and consulting firm for long-term residential property management entrepreneurs. For over a decade and a half, we've brought innovative strategies and optimization to the property management industry. At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry.   eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. Now, let's get into the show. All right, so my guest today is Ashton Thomas. Welcome, Ashton. Ashton (00:43) Thank you for having me. Jason Hull (00:45) So Ashton is a client of ours, but she also is a badass. And so Ashen, I would love for people to get to know you a little bit, share a little bit of your background. How did you get into real estate and property management and all of this?   Ashton (01:02) Yeah, absolutely. So I'm actually a third generation real estate broker in central Florida. My granddad started in Orlando like way back in the 60s. ⁓ Both my dad and my granddad, a lot of my uncles, they're all builders. So just kind of grew up in that real estate world. I was on a job site from when I was very little. ⁓ And so I always just had a love for homes, real estate, just   the whole nine years. When I was wrapping up high school about to go to college, my parents suggested, I always had like an entrepreneurial spirit, and my parents suggested that I get my real estate license. And I was like, you know what, it can't hurt to have that. So I went ahead and took the class, got the licensing as soon as I graduated high school. So I was actually a licensed realtor already working before I started my freshman year of   college. ⁓ Real estate has been so fascinating because I've been able to see so many changes over the last 12 years since I got into the industry. I started with new home sales construction, actually working for my parents, ⁓ really learned about what it took to run a sales center. And then I switched to traditional real estate, like what you think of a realtor doing now. ⁓ From there, I ended up opening my own brokerage.   Jason Hull (02:03) Wow.   Ashton (02:28) ⁓ in February of 2019. And then property management really just fell into my lap. There was a company that was going out of business because the owner was embezzling funds. And their employees actually came to me and said, you know, we would like to work with you. We'd like to work for you. And we're bringing these clients. So   I had never written a lease, seen, really even put my eyes or hands on a lease, never. This was two years ago, roughly. ⁓ And like just didn't have any property management experience at all. Figured out that we needed to get some systems in place right out of the gate. And I really took the next year, year and a half.   Jason Hull (02:59) how long ago.   Okay.   Ashton (03:22) to develop those. And Jason, you've been so instrumental in helping us succeed in those systems. You helped us identify the holes in our business and really figure out what we needed to do. ⁓ So at the time that I had brought on the property management side, and when I say property management for us, we do both long-term property management and short-term vacation rental. So I two separate sister companies that operate.   Jason Hull (03:51) Yeah.   Ashton (03:51) So ⁓ at the time I had roughly about 25 realtors that worked for me under the brokerage. I had really developed that, grown that. We were one of the largest Zillow Premier agent teams in central Florida at that time.   Jason Hull (04:13) Wait, can I ask you question about that?   Not very many agents start their own brokerage. What? mean, how, do you mind me asking age here? How old were you you started your brokerage and what gave you the audacity to decide to do this big thing?   Ashton (04:19) Mm-hmm.   I was 23 when I started my brokerage and the funny part was is I actually wanted to buy a brokerage first and I had this is a wild story you'll love this so you know you look back and you say what was I thinking like I had some guts and one of those stories   Jason Hull (04:33) Okay, go ahead.   Okay.   Okay.   Yeah   Ashton (04:55) So I had initially gone to this guy's office, he had four branches, local real estate agent, or a local real estate brokerage. I'd ⁓ developed his brokerage over like 50 years, had over 200 agents working for him. And I walk in and I asked to speak with the broker. He was there, they put me in the conference room. He thought that I wanted to become an agent working for him. Yeah. And I said, no, sir, I want to buy your company.   Jason Hull (05:19) That's the default.   my god.   Ashton (05:25) And   like, this was a total cold call. Like I had never talked with him before, never met him before. I ended up negotiating a price for the company ended up getting securing SBA financing. Everything had lined up so perfectly. And then a couple of weeks before we were actually going to be making it official. He decided that he wanted to, to sell his brokerage to a family member and not go through with me. And so.   Jason Hull (05:53) Wow.   Ashton (05:55) Honestly, in hindsight, that was the best thing that could have happened. I had no business running that large of a brokerage at 23 years old with no experience. ⁓ Over 200. Yeah. And I had secured a price for 2.4 million for the company. So with an earn out and it was just, it was going to be an insane deal if I could have like actually done that. But ⁓ I was   Jason Hull (06:05) How large was it? How many Asians? Okay, yeah, I mean massive, yeah.   Ashton (06:24) You know, everything happens for a reason. coming off of like the adrenaline rush from that not happening, I was like, you know what? I'm just going to start my own. Why not? So that's how I started when I was 23.   Jason Hull (06:26) Yeah.   Yeah.   I mean,   starting your own brokerage at 23 doesn't sound as crazy if you were already trying to buy 200 agent brokerage. Like, I'll just, you know, step it back a little bit.   Ashton (06:49) Mm-hmm.   Yes,   let's like crawl before we run. Oh, so that was originally what I wanted to do was just build up a massive, brokerage with lots of agents. And I thought that in my head was the dream. No, for me, it was not. I had grown to about 25 agents, like roughly like steadily and kept that number for a while. I realized that I   Jason Hull (06:56) Yeah. ⁓   Yeah.   Mm-hmm.   Ashton (07:21) to not like dealing with realtors and their issues over and over and over again, every day in and day out. It became like kind of toxic to me at least. And I went through and slashed a lot of agents jobs here ⁓ because it was either performance issues, attitude issues, whatever it was, they just were not the right fit for us. I ended up keeping a core five. ⁓   Jason Hull (07:32) Yeah.   Ashton (07:47) and they are phenomenal people with good ethics and good business sense who care about their clients and represent me and my company very, very well.   Jason Hull (07:58) What do feel like gave you the clarity to make that transition? Like, did you just wake up one morning or like, I don't like a lot of these people? Or how did you get clarity on what you really want?   Ashton (08:09) ⁓ One of the things was I told my office manager, I was so frustrated one morning, I told her, said, if one more person asks me another stupid question, I am gonna lose my mind. So I was fed up, I just couldn't deal with it anymore.   Jason Hull (08:23) Okay, we're just fed up.   Yeah, yeah. So I know when, when did that fit with you joining DoorGrow? Because I know you had worked on culture and we'd helped you figure out kind of what mattered to you and like, that align with, was that before you came on board? Was that after? When did you let go of all the... Okay. You don't move slow on anything, it sounds like.   Ashton (08:45) I don't want the same time. Yeah.   I try not to. I try not to. Honestly, I feel like that's where things go to die is if you move slow.   Jason Hull (08:57) Got it, yeah, right. Okay, cool, quick action taker. So obviously a very driven personality type. ⁓ And I know the topic that we were planning to talk about today is the marriage of private equity and property management, capital meets operations. So let's get into that. Again, you have big goals, big crazy goals.   Ashton (09:05) Thank you.   Yes.   Jason Hull (09:27) that sound pretty insane to most people. But you know, the people that are bold, that have the audacity to go after these big things, achieve big things. So what are you up to now?   Ashton (09:39) Yeah, so there's actually a great book by Dr. Benjamin Hardy. He has he's written like several and I know you're a big fan of Dr. Hardy's as well. He talks about like those impossible goals and how you really should and actually that one of his latest books, The Science of Scaling, is ⁓ really spurred me to action and not just having like a 10 year time frame, but like a three year time frame. And I can condense these goals.   what I want to do kind of vaguely into really specifics and get it done now. ⁓ So yeah, I would highly recommend anybody listening to also read his books.   Jason Hull (10:20) Yeah, agreed. Phenomenal book. I got to hear him speak down in Mexico and he hadn't released his book yet. And I was with a bunch of entrepreneurs that spent a lot of money to be there. And he all just walked out of the room with their mind blown. We were all just like, ⁓ I've been thinking too small. That's why it's been so hard. And it actually gets easier to grow and scale your business when you start thinking outside of your current mental limitations, which means it has to be something unrealistic or impossible.   Ashton (10:36) Mm-hmm.   Jason Hull (10:49) So that's been a game changer. I've done some episodes talking about this, but same thing for us. Like we've got some big things we're doing this year that are probably a bit ridiculous. And I don't know if we can pull it off, but if we do, DoorGrow will be the dominant player in the industry. And I already feel like we're a leader or leader, but this will be a game changer, some of the stuff that we have planned. And I've talked about it on previous episodes, just a little bit, what we're thinking of doing.   But I think it's going to be some of these things are going to be game changer. and we've got so many irons in the fire right now, like we move fast and it's bit crazy, but that's where the fun is too, right? In business. So I'd rather be lit on fire with too many ideas than be stuck. And I've been that way before where I'm like, what should I do next? know, I work on.   Ashton (11:35) That's like   entrepreneurs worst nightmare is to be feeling stuck and feeling like I'm not moving and I'm not getting traction and I'm not accomplishing anything. That is like absolute hell for us, isn't it?   Jason Hull (11:45) Yeah.   Yeah, I usually joke that entrepreneurs don't care about being happy or sad. They care about whether they're in momentum or whether they're stuck. And when we're stuck, damned, blocked, frustrated, that is hell. That's like, that's hell for us. We're miserable. And yeah, and it kills our motivation, everything. But when we're in momentum, that's the drug we crave. We want to feel like we're making progress and moving forward. And so   I'm that drug dealer. That's what I give out to clients. Like I'm like, let's go. That's hopium. So got to give them some hope. And then they're excited and believe they can do it. But yeah, if you believe you can do something big and you've got a big vision, a big dream, yeah, you start to find new pathways. You start to find new ideas. And so you're working on some crazy stuff. So let's talk about capital meets operations. How do we marry private equity with property management? And could other property managers do this?   Ashton (12:21) You do.   Jason Hull (12:47) excited to hear.   Ashton (12:47) Yeah,   absolutely. So I started in the private equity world really recently. It was like January of this year. And I feel like I've just been drinking out of a fire hose, like learning and being in, I've just made sure to put myself in the right rooms where I'm just like absorbing knowledge and information and wisdom from people and family offices that have been doing this so much longer than I.   Jason Hull (13:13) You've been really focused on learning the private equity space, which a lot of people, that's like some crazy thing they don't really maybe even understand. They're like, oh, don't know how it works. And you decided, hey, want get in on this.   Ashton (13:25) Yeah. ⁓ go   ahead. What was that?   Jason Hull (13:30) You said, I want to get in on this and learn about this and started figuring it out. All right, I'm going to plug our sponsor real quick, who you use, Vendoroo. How's it going with Vendoroo?   Ashton (13:33) Yes. ⁓   And here's amazing. We love them. They they honestly they take care of everything. They're really good about communication. I think they're they're phenomenal. They've been a game changer for us for our day to day ops.   Jason Hull (13:54) Okay, cool. I mean, it's So let me read this and then we'll get back into the show. So many of you tell me that maintenance is probably the least enjoyable part of being a property manager and definitely the most time consuming. But what if you could cut that workload by up to 85 percent? That's exactly what Vendero has achieved. They've leveraged cutting edge AI technology to handle nearly all of your maintenance tasks from initiating work orders and troubleshooting to coordinating with vendors and reporting.   This AI doesn't just automate, it becomes your ideal employee, learning your preferences and executing tasks flawlessly, never needing a day off and never quitting. This frees you up to focus on the critical tasks that really move the needle for your business, whether that's refining operations, expanding your portfolio, or even just taking a well-deserved break. Don't let maintenance drag you down. Step up your property management game with Vendero. Visit vendero.ai slash door grow.   today and make this the last maintenance hire you'll ever need. All right, cool. So let's talk about this private equity stuff. Help me understand what it is. I'm fairly ignorant, so.   Ashton (14:59) Hmm   So basically, I mean, it's a very big term, private equity, and it can span over so many different asset classes. And I think that's one of, I'm sidetracking a little just a minute, but like, I think that's one of my favorite parts about the private equity and PE industry is because you can meet somebody in your same asset class and they're doing something totally different. Like for instance, you know, what you're teaching Jason with the property management and like these operators and entrepreneurs who are   owner operators really, you're teaching us the same framework and we're doing the same exact thing, which there's nothing wrong with that. That's great. That works. It's systemized. In private equity, it's all wild cards. There's a lot of structure to it, but at the same time, everybody can be doing something different. And you're not in competition truly because you all have your own unique spin on it. So it's cool. But what it means is that ⁓ if, so our firm,   we bring in investor capital, ⁓ either through debt or equity. And then our investors trust us. We let them know like what we're investing in. usually have like a it depends on the type of investment. So I try not to get too technical here. It depends on the type of investment, but we let them know, hey, we're investing in XYZ companies, or we're investing in hard assets with like purchasing real estate that meet these certain criteria. So instead of   these investors taking their money and putting it into the stock market, they are putting it with private firms because the stock market is the public equities. then private equity is these private individually owned firms ⁓ that I mean, you have really large ones like BlackRock and Blackstone and ⁓ all of those. And then you have a lot of small ones like myself who are just getting off the ground. We don't have a lot of assets under management yet.   But as we develop that investor base, we're just going to keep that ball rolling and continuing.   Jason Hull (17:04) Yeah, so there's booty   firms, there's gigantic ones, there's lots of different categories of asset classes that they might be involved or invested in. And so somebody can pick a private equity company or something to partner with or get involved with that kind of is involved with the asset classes that they feel comfortable.   Ashton (17:23) Yeah,   absolutely. like, there's some, ⁓ like for us, we're real estate based and specifically Florida based real estate. There's, have friends who own hedge funds and that's all they do is hedge funds and specifically in like just in gold or in like just in commodities. We, there's people who are running funds based on really specific short-term rentals or within a five mile radius of national parks. So it gets down really, really, really specific.   ⁓ Up until like you large firms with very large funds and they have a diversified asset class over You know, they have hedge funds. They they're doing running venture They're doing ⁓ you know Secondaries they're actually in like the private equity sphere there. So it just really depends on on the firm itself and you want to make sure as if there's any investors listening you want to make sure that ⁓ your you fit with   how that firm is treating your money and running your money, and that it aligns with your goals, obviously, not just monetarily, but also with what they're investing in.   Jason Hull (18:32) Right, got it. Okay. And so how can property managers start to get involved in this and create this marriage? What are you doing?   Ashton (18:43) Yeah, so we're kind of doing it a little bit backwards. Most private equity firms, they start with raising capital and then they're going out and buying the asset and then they're outsourcing their vendors. So one of those vendors being property management and that's really where the gains and losses are happening is in the daily management style there. Then they realize and typically restructure   that they could be making more money. They could be increasing their bottom lines and everything else with that management. Everything hinges on the management when you're talking like hard assets in real estate, whether that's multifamily commercial, you know, residence, whatever it is. ⁓ So when they bring it in-house, they are restructuring. And there's also been a huge problem with   Jason Hull (19:36) Yeah.   Ashton (19:41) And I've been hearing this lately, huge problem with investor capital really not being watched out for by these firms because they're outsourcing all their vendors. What we did instead is I had already have the acquisition engine through our brokerage. We've already got all the systems set up in place for our property management firms, both short and long. Now we added the private equity firm. I have a series 65. So we're actually a state registered   Jason Hull (19:51) Right.   Ashton (20:10) like investment advisory firm for true asset management on the back end, which a lot of private equity firms do not have that. And then we added the capital. So we literally just did it backwards. And now we're focused on acquiring not only hard assets with cash flowing tenant occupied portfolios that meet certain metrics. We have to have a certain   Jason Hull (20:12) Okay.   Okay.   .   Ashton (20:37) IRR, we have to have a certain cap rate and a certain cash on cash return to even peak our interest. The other thing that we're buying is property management businesses. So we are working on acquisitions right now. We just completed one last week and we've got two more in the hopper. So we are going in and offering these off-market portfolios, know, minimum 20 up to, you   We have no limit on how many we'll buy, like minimum 20 units and we want creative financing. So we want to structure the deal where the seller and the owner is holding the majority of that note. We're using investor capital for the down payment. We're saving some to hedge for ⁓ reserves and we're going in and buying these companies to add to our revenue and our to our bottom line.   Jason Hull (21:35) I love it.   Ashton (21:36) Roll   up. That's the name and the term that's used in the private equity space is roll up.   Jason Hull (21:42) Roll-up, got it. So I've seen some of these companies in the past. I had a client, he eventually exited and sold his business to Home River Group. He had like 2,000 doors. So then he was kind more of a partner in Home River Group, 30,000 eventually. And he became kind of a consultant that would come in and these roll-ups that were being done in some instances, because they did it the reverse way from what you did, they thought they could just throw money at the problem.   So they went and acquired a whole bunch of property management companies. Sometimes, like some companies would acquire like 10,000 doors. Then they would fire like 7,000 of them because they realized there was so much garbage and it was difficult to manage. And then they thought they could just put in or install a property manager in and then the business would just run. But no real leadership for the boots on the ground. And so they would bring him in as a consultant. He would go in, fire everybody.   Ashton (22:34) Mm.   Jason Hull (22:42) organize a team, build a business and act as an interim CEO till he got the thing healthy and running. And he would make a lot of money because they were losing a lot of money trying to make this work. And people don't realize how hard property management can be. And so I think, yes, property managers have an advantage because they have the hardest piece of this entire puzzle, it sounds like.   Ashton (23:05) Yeah, it definitely is because you're dealing with you're dealing with tenants, you're dealing with the day to day your you are the boots on the ground. So that is why it is so important before we started any of this, I wanted to make sure that we had the proper systems in place that we could scale 500 more doors without blinking an eye. That is where you have to have that mindset and like you have to know what's going on before adding because when you just add   doors and just think that exactly what you said add doors and thinking that that's just going to like solve your problem you're just multiplying your problem whatever problems you have at 20 doors is going to be 10 fold at a thousand doors or more so ⁓ and more just doesn't necessarily equal better and that is one reason like in our contracts we actually do have clawbacks so if we do end up getting rid of owners that just aren't a fit   our purchase price is reduced down from the seller. So it gives the seller an incentive to ensure that they're selling us a good.   Jason Hull (24:11) Got it, yeah, that's important to have all that's in any sort of acquisition deal. So for other property managers that are looking to get into private equity and they're looking at maybe starting to do this, because they're like, you know what, I've got a healthy property management company, we've got the systems in place, is there somebody that I can partner with on this that already knows how to do it or can I go and learn to do this?   What would you say between those two options and where would you send them?   Ashton (24:43) Really? It depends on the person. This isn't for everybody. know, you, what I would recommend, and this is honestly what I tell anybody, no matter what business they're in, if they're thinking about growing, where do you want to be in three years? And let's reverse engineer it from there. So if you want to, like for us, our, our plan is to roll up to about 5,500 doors and then exit. So   Jason Hull (24:45) Yeah.   Got it.   Ashton (25:12) I already knew where I wanted to be. And so like, I wanted to exit at a certain amount. So I was like, how do I get to this amount? And then I just backed it up from there. ⁓ but that's, everybody's going to have a different goal. So I would highly recommend just like starting with that initial goal. that's, if that goal is freedom, if it is like, you want to be able to exit, you want to have, you want to just run a massive company, whatever it is, start there and then figure it out backwards.   Jason Hull (25:21) Okay.   Ashton (25:41) As far as bringing on capital and investor capital, whether they want to partner with somebody or if they want to like bring on debt, that's also a comfort level thing. ⁓ And it also depends on like what you and that other person that's bringing in the capital agree to and what you both feel like is the optimal solution. But before doing that, definitely educate yourself and find someone ⁓ either as a consultant like   Right now I am doing a little bit of consulting work for ⁓ different ⁓ funds as well as like companies like, you know, like what we're doing ⁓ for, you know, to help them with what their goals are. Let's back it up and then let's go from there. And like just adding some advice and getting them in touch with the right people that they need as far as connections. Analysts, numbers are so important when you're talking with investors.   You can't just be like, I think it's going to make this an investor, especially a sophisticated one is not going to go for that. Maybe friends and family will what I call country club money, but ⁓ a sophisticated investor, absolutely not. They're going to want to see a pro forma. ⁓ So there's so many steps involved before you ever, ever, ever bring on a dime of investor capital. So.   Jason Hull (26:51) Yep.   Ashton (27:09) I'm sorry, that's not like a ⁓ space.   Jason Hull (27:10) So, well, it sounds like   the path is maybe this. Like if you're a property manager first, you got to get your side of the room clean. You got to get your business tight. You got to get operations working, maybe reach out to DoorGro, get a little help, but you got to get things really well dialed in because it doesn't make sense to go start playing with other people's money and be on the hook for other people's money and investors.   Ashton (27:20) Yes.   was not.   Jason Hull (27:36) if you don't really feel like you have the ability to scale, you don't really feel like you can handle stuff, because if once money starts flowing and doors start adding, then if your stuff is okay, it's going to be stress tested and probably not okay. So that's probably first. Next, they need to learn about private equity, figure out that game, and then even once you figure out how that all works, then you've got to get good at selling it, which you are already a natural, you know...   Ashton (27:51) Yeah, exactly.   Jason Hull (28:05) Salesperson, you've invested a lot towards figuring that out, but then you're going out and you have to raise the cap.   Ashton (28:11) Raising capital is literally one of the hardest jobs. It is insane because you want to build a relationship and you want someone to trust you, but you're also asking for a check. And so it's trying to balance the relationship aspect as well as the transactional aspect. And it's even harder as a woman because private equity is definitely, ⁓ there's not a lot of women in this field.   Jason Hull (28:32) Yeah.   Ashton (28:41) ⁓ so it's even harder being like of the opposite gender. ⁓ so there's a lot to balance there. so getting, getting comfortable asking, but not being pushy. It's that I've learned so much from.   Jason Hull (28:56) As a woman, you've had   to take maybe a more feminine approach or you go in hot the way most guys would.   Ashton (29:04) It depends on the person.   It depends on my audience. You have to sell the way somebody wants to buy. So I've learned not to, at the beginning, I was definitely very transactional. And I've learned ⁓ through a dear friend of mine that to be more relationship-based and then that will come a little bit later with the transaction. ⁓ But at the same time, because I'm like,   Jason Hull (29:11) Yeah.   Mm-hmm.   Ashton (29:32) I need to know now. Like, I don't want to waste my time. I don't want to waste their time. We just need to lay it out on the table right now. They need to know what I'm here for. ⁓ I've had to like roll that back a little bit. And since I have, the checks have been definitely coming in a little bit smoother. So it was a huge learning experience for me.   Jason Hull (29:51) Yeah.   Ashton, how old are you right now for those listening? All they've heard is 23.   Ashton (29:59) I'm 30 now.   Jason Hull (30:01) 30 now, okay, you're 30 years old, you're doing amazing things. What amount of capital are you raising right now? Like what's your goal?   Ashton (30:05) Yeah.   Yeah, so we do different like rounds or like tranches of raising and it right now we are raising for specific projects. So as the projects come up, then we go out to our current investors first and then to like new potential investors next. ⁓ So in the spring, we're about to start doing another raise for ⁓ one, a business and then two, a couple other. ⁓   real estate portfolios that I'm looking at. ⁓ So that is going to be around the $800,000 mark of capital. And typically we do like minimum commitments of 100 because when you get into smaller amounts, typically the investors that are, I just become a little bit more needy because they're only, they're not as sophisticated and we want to deal with the investors who are.   Jason Hull (31:06) Got it. Yeah, that makes sense. Very cool. Sounds like you're doing really cool things. So Ashton, for those that are listening and they're curious about you, they're curious about maybe getting into this, you mentioned you do some consulting, you mentioned there may be investors or maybe they want to get in on some of the investing stuff that you're doing. How can they get in touch with you?   Ashton (31:29) Yeah, so they can send us an email. That would be the best way to you can send it to info at FX to capital calm. ⁓ And we, you know, are one of our interns checks that email on the daily. ⁓ So then we can set up an investor call and go through really well what your goals are. What is your portfolio look like right now?   How are you diversifying yourself? And maybe we can talk about what we can do to help increase that, maybe rebalance you a little bit within the private space and in the private markets.   Jason Hull (32:06) Cool, well property managers, if you're listening, I think Ashton's definitely doing something that's very cool. A lot of you probably could get in on this or create some sort of alliance or relationships that could allow you to be part of something like this. Even if it's just you're getting doors from other people that are in the private equity space that are rolling up a bunch of investment properties, this would be easy doors for you to get on if you really could do a good job. And it sounds like that's the linchpin, that's the hardest piece of the puzzle.   And if you're a good property manager, you've got that down then. So you've got a competitive advantage. So Ashwin, I appreciate you coming on and sharing this here on the board.   Ashton (32:43) Thank you.   Yeah, that was so much fun. It was so great talking to you.   Jason Hull (32:48) Awesome, so we'll go ahead and wrap up. For those of you that are feeling stuck, stagnant, you want to take your property management business to the next level, reach out to us at doorgrow.com for a free training on how to get unlimited free leads. Text the word leads to 512-648-4608. Also join our free Facebook community. It's just for property management business owners at doorgrowclub.com. And if you want tips, tricks, ideas to learn maybe about some of our offers,   subscribe to our newsletter by going to doorgrow.com slash subscribe. And if you found this even a little bit helpful, don't forget to subscribe, leave us a review. Anything like that would really help us out. We would appreciate it. And until next time, remember, the slowest, absolute slowest path to growth is to do it alone. And you heard Ashton, she's leveraging a lot of people to do what she's doing to grow. So let's grow together. Bye everyone.

Onyx were trailblazers in various ways. From their grimey style to the bald heads, Onyx had an iconic aesthetic from the outset, a classic album out the gate and bangers everywhere you look.TIMESTAMPS:Weekly Music Roundup - (1:10)Ben:J. Cole - The Fall OffRZA - Bobby Digital Presents: Juice CrewKenny Mason - Pup Pack 3rd ShiftJoji - Piss in the WindHunxho - Not One Of Them Beck - Everybodys gotta learn sometimeCharlie:RZA - Bobby Digital Presents: Juice CrewCharlotte Day Wilson - PatchworkJordan Ward - BACKWARDJoel Ross - Gospel MusicSasha Keable - ACT IIJ. Cole - The Fall OffTopic Intro/Ben's Research House - (15:17)Bacdafucup - (21:03)All We Got Iz Us - (27:37)Shut 'Em Down - (31:28)Bacdafucup: Part II - (35:30)Triggernometry - (38:24)Wakedafucup - (42:53)Black Rock - (45:30)Snowmads - (49:41)Onyx 4 Life - (52:39)1993 - (55:50)Onyx Versus Everybody - (58:05)Blood On Da X - (58:39)World Take Over - (1:00:03)Lower East Side - (1:03:45)Lighter Note - (1:07:23)Thanks for listening. Below are the Social accounts for all parties involved.Music - "Pizza And Video Games" by Bonus Points (Thanks to Chillhop Music for the right to use)HHBTN (Twitter & IG) - @HipHopNumbers5E (Twitter & IG) - @The5thElementUKChillHop (Twitter) - @ChillhopdotcomBonus Points (Twitter) - @BonusPoints92Other Podcasts Under The 5EPN:"What's Good?" W/ Charlie TaylorIn Search of SauceBlack Women Watch...5EPN RadioThe Beauty Of Independence

The latest episode of Tin Foil Hat features Susan Bradford, who argues that a centuries-old crime syndicate operating from the City of London controls global finance, intelligence networks, and governments. She traces its origins to the Dutch East India Company and its merger of influence with the East India Company, describing a corporate-government model that expanded through wars like the Napoleonic Wars and revolutions worldwide. Citing figures such as Jeffrey Epstein, she claims modern institutions—including Bank for International Settlements and BlackRock—are vehicles for this agenda, and contends that recognizing what she sees as its illegitimacy is key to reclaiming public power. Please check out Susan Bradford's book: BlackRock Bamboozle- https://www.amazon.com/dp/B0G2L1217N Please subscribe to the new Tin Foil Hat youtube channel:  https://www.youtube.com/@TinFoilHatYoutube Grab your copy of the 2nd issue of the Chaos Twins now and join the Army Of Chaos: https://bit.ly/415fDfY Check out Sam "DoomScrollin with Sam Tripoli and Midnight Mike" Every Tuesday At 4pm pst on Youtube, X Twitter, Rumble and Rokfin! Join the WolfPack at Wise Wolf Gold and Silver and start hedging your financial position by investing in precious metals now! Go to https://www.samtripoli.gold/ and use the promo code "TinFoil" and we thank Tony for supporting our show. CopyMyCrypto.com: The 'Copy my Crypto' membership site shows you the coins that the youtuber 'James McMahon' personally holds - and allows you to copy him. So if you'd like to join the 1300 members who copy James, then stop what you're doing and head over to: https://copymycrypto.com/tinfoilhat/ You'll not only find proof of everything I've said - but my listeners get full access for just $1 LiveLongerFormula.com: Check out https://www.livelongerformula.com/sam — Christian is a longevity author and functional health expert who helps you fix your gut, detox, boost testosterone, and sleep better so you can thrive, not just survive. Watch his free masterclass on the 7 Deadly Health Fads, and if it clicks, book a free Metabolic Function Assessment to get to the root of your health issues. Grab Tickets To Sam Tripoli's Live Shows At SamTripoli.com: Hollywood, CA: 2/10 Perryville, MD: 2/20 Pottstown, PA: 2/21 Las Vegas, NV: 2/28 Bakersfield, CA: 3/6 Yuma, AZ: 3/7 Hollywood, CA: 3/10 Batavia, IL: 3/26-3/28 Toronto, CA: 4/17-18 Dallas, TX: 4/24 Fort Worth, TX: 4/25 Albuquerque, NM: 6/12-6/13 Austin, TX: The 100th Episode Of Tin Foil Hat 6/18 Lawerence, KS: 9/17-9/19 Tulsa, OK: 10/9-10/10 Austin, TX: 12/11-12/13   Please check out Susan Bradford's internet:  Website: https://www.susanbradfordbooks.com/ BlackRock Bamboozle: https://www.amazon.com/dp/B0G2L1217N Royal Blood Lies: https://www.amazon.com/dp/B08Z3QPN6C Substack: https://sbradford.substack.com/ Buy Me a Coffee:https://buymeacoffee.com/susanbradford   Please check out Sam Tripoli's internet: Linktree: https://linktr.ee/samtripoli Sam Tripoli's Stand Up Youtube Page: https://www.youtube.com/@SamTripoliComedy  Sam Tripoli's Comedy Instagram: https://www.instagram.com/samtripolicomedy/%20P Sam Tripoli's Podcast Clip Instagram: https://www.instagram.com/samtripolispodcastclips/   Please support our sponsors: BetterWild: an ancestral blend of wolf probiotics designed to restore your dog's gut to the healthy digestion that its wolf ancestors had called Ancestral Advantage. Betterwild is committed to helping your dogs with science-backed, veterinarian approved solutions that you can feel great about. Right now, Betterwild is offering our listeners up to 40% off your order at betterwild.com slash tinfoil  

Crypto feels cooked in 2026, and the Super Bowl proves it. Ryan and David unpack Coinbase's Backstreet Boys rug pull ad and what it reveals about crypto's collapsed public narrative. Then they dig into the brutal selloff, why IBIT's record volume hints at forced TradFi liquidation, and what Polymarket is pricing for Bitcoin under $50K. From Robinhood's prediction markets exploding into a real revenue engine to the political fight over who regulates “gambling vs markets,” the thesis is clear: finance is the only use case still scaling. Plus: LayerZero's new “world computer” L1, MegaETH and Aztec's bear market launch playbook, Vitalik finally calling ETH a store of value, ENS staying on L1, BlackRock bringing BUIDL to Uniswap, and the weirdest loose end of all, SBF's missing tungsten cube. ---

Matt and Nic are back with another week of news and deals. In this episode:  Matt reflects on the Patriots season We review the Superbowl Ads Looking forward to the OpenAI wearable Is "something big happening" in AI? Does crypto accelerate the rise of malicious AI? Are all communications networks going to break down in 90 days? SBF wants a new trial Blackrock adds BUIDL to Uniswap Blockfills suspends withdrawals Robinhood is internalizing their prediction market product The stablecoin yield issue in Clarity is still a problem Fairshake is getting active in the midterms Is Chris Dixon right about Web3? We review winter olympic sports Content mentioned: Chris Dixon, The long game for crypto

Thematic investing is increasingly shaping how investors interpret markets heading into 2026, as artificial intelligence, geopolitical fragmentation, and infrastructure constraints intersect across the global economy.Jay Jacobs, Head of U.S. Equity ETFs at BlackRock, joins Oscar to discuss why mega forces are becoming harder to ignore—and harder to diversify away from—than in past market cycles. Their conversation explores how AI investing is evolving from a growth narrative into one focused on usage intensity, how national security considerations are reshaping the definition of defense, and why physical infrastructure is emerging as a critical market constraint.Key insights include:· Why thematic investing is gaining relevance alongside sector and style frameworks· How AI usage intensity reframes the AI investment conversation· Where infrastructure and energy constraints may influence adoption timelines· How geopolitical fragmentation is expanding the definition of defense· Why overlapping mega forces may shape market outcomes into 2026Key moments in this episode:00:00 Introduction to Thematic Investing in 2026: AI and Market Forces00:40 The Rise of Thematic Investing01:43 Deep Dive into AI's Market Impact05:22 Understanding Token Consumption07:55 Evaluating AI Investments11:12 Geopolitical Fragmentation and Defense13:51 Infrastructure's Evolving Role16:42 Future of AI and Broader Implications18:38 Conclusion and Final Thoughts Thematic investing, AI investing, Capital markets, Infrastructure, Megaforces, Stock market trends, Geopolitical fragmentation, Defense spendingSources: iShares Thematic Outlook, 2026This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener. Reference to any company or investment strategy mentioned is for illustrative purposes only and not investment advice. In the UK and non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets. For full disclosures, visit blackrock.com/corporate/compliance/bid-disclosures.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BlackRock is doubling down on Ethereum by buying up more Bitmine shares during the market dip, the firm disclosed on Thursday.~This episode is sponsored by Tangem~Tangem ➜ https://bit.ly/TangemPBNUse Code: "PBN" for Additional Discounts!Guest: Tim Warren, Host of Investing BrozInvesting Broz Youtube ➜ ‪‪  @TimWarrenTrades  Follow on Twitter ➜  @timsta6753   00:00 Intro00:10 Sponsor: Tangem02:20 Gov. Shutdown03:00 Patrick Witt: Still not clear on yields04:30 CLARITY update07:00 Bitcoin analysis09:30 ETFs still bleeding11:30 Ethereum analysis12:50 Tom Lee: Mr. Beast14:40 Why $ETH is not moving?17:10 $BMNR analysis18:30 Uniswap analysis20:10 Corruption list?21:10 Robinhood analysis24:10 Chainlink analysis26:40 ONDO analysis28:10 Coinbase analysis30:50 AAVE analysis32:00 Solana analysis34:00 Outro#Bitcoin #ethereum #crypto~Blackrock Buying Dip?

In this episode of The Milk Road Show, John Gillen breaks down what's really happening beneath the surface. Is this simply the four-year cycle playing out, or are broader macro forces driving this selloff? We dive into liquidity conditions, inflation data, capital flows, and the growing disconnect between price and fundamentals. While sentiment is collapsing, institutions are making moves. BlackRock is entering DeFi through Uniswap, Goldman Sachs holds significant crypto exposure, and onchain activity continues to grow.~~~~~⁠⁠⁠⁠⁠⁠⁠⁠

The Overton window has shifted again. Tariffs, alliances, climate accords, Russia-U.S. speculation. Narratives flip every election cycle. The question is not who is right. The question is how you stay stable when governance feels unstable. This episode breaks down leadership in volatility. We examine dollar-cost averaging as disciplined resistance to chaos. We confront institutional power. BlackRock, Vanguard, central banks. Not mythology. Influence. We explore why stoic frameworks outperform emotional reactions. Year of the Cow. The bull does not panic. It plants its feet. Stability at home. Stability in markets. Fix the foundation before remodeling the house. Signal over noise. Own the path.

BlackRock's Nicholas Peach says a 1% allocation of Asian household wealth to crypto could bring to the market nearly $2 trillion in inflows. Speaking at Consensus Hong Kong, Peach highlighted that this shift would equal roughly 60% of the entire current crypto market cap. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Global markets are leaning into growth. Following the upside surprise in U.S. non-farm payrolls — with 130,000 jobs added and unemployment falling to 4.3% — investors are focusing on economic resilience rather than fading hopes of aggressive rate cuts. MSCI's All-World index is trading near record highs, while South Korea's Kospi has crossed 5,500 for the first time. Attention now turns to initial jobless claims and the upcoming CPI print, which could shape expectations for the Federal Reserve's June decision. CME FedWatch odds for a rate hold have climbed to 40%. In the UK, GDP expanded just 0.1% in Q4, while industrial production fell unexpectedly. Meanwhile, Nuveen has agreed to acquire asset manager Schroders for $13.5 billion. In digital assets, crypto markets remain steady despite Blockfills halting withdrawals. BlackRock is deepening its move into tokenized finance, bringing its Treasury-backed BUIDL token to Uniswap through Securitize. Court drama surrounding FTX has resurfaced, and Kraken has replaced its CFO ahead of its public listing. A busy macro backdrop with institutional crypto developments accelerating beneath the surface.

Crypto News: BlackRock takes first DeFi step, lists BUIDL on Uniswap. BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows.Brought to you by ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

Brian from Santiment joined me to review the crypto market metrics for Bitcoin, XRP, Ethereum, and Uniswap.

Send a textInteresting things about the distillery:take their name from the Gaelic for “Black Rock.”The main Speyside part of Johnnie WalkerHelen Cummings and her husband, John, started the distillery in 1824The distillery was sited high up on Mannoch Hill, above the River Spey, due to the peat softening the water.Helen was the distiller. Since the distillery was on the top of the hill, she could see the authorities coming.  She would put flour on herself to say she was baking to cover the smell, offered them tea, and put up a flag to warn other distillers in the area.In 1885, they moved the distillery to grow and sold the old distillery to the Grant family; it is now where Glenfiddich began.In 1893, sold to Johnnie Walker and Sons, but continued to be run by the Cummings family.Joined Distillers Company in 1925, which was bought by Guinness in 1986, and became Diageo in 1997.Our Bottle: Pipe Pairings: Prince AlbertCocktails:Research Sourceshttps://en.wikipedia.org/wiki/Cardhu_distillery https://www.malts.com/en-us/cardhu Support the showWebsite:www.whiskeychaserspod.comFacebook:https://www.facebook.com/whiskeychaserspodcastInsta:https://www.instagram.com/whiskeychaserspodcast/TikTok:https://www.tiktok.com/@whiskeychaserspodcastThanks For Listening! Tell a Friend!

Builders Garden introduces Sign In With Agent. Coinbase introduces Agentic Wallets. UniswapX will support BlackRock's BUIDL fund. And Ondo brings tokenized stocks to DeFi. Read more: https://ethdaily.io/881 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3. Arkiv brings the familiar concept of a traditional Web2 database into the Web3 ecosystem. Find out more at Arkiv.network Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

Listen to the episode on Apple Podcasts, Spotify, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Figure is giving away $25,000 in USDC. Deposit into Democratized Prime, earn ~9% APY hourly—and every $1 you keep in for 25 days is 1 entry. Enter here --- Bitcoin slid toward $60,000 on Feb. 5 in a brutal, cross-asset selloff that hit gold, equities, and crypto alike. With leverage unwinding and basis trades breaking, long-time bitcoin holders are distributing to institutional buyers who, by 13F data, are mostly underwater. The mood across digital assets is bleak. Against that backdrop, Nic Carter of Castle Island Ventures argues that key Bitcoin narratives have quietly failed—and warns that developers' inaction on quantum risk could open the door to institutional control. If devs don't act, Carter says ETF giants like BlackRock will. The panel then widens the lens: declaring the token-centric VC model dead, debating whether AI now rivals the industrial revolution, and stress-testing it all across topics ranging from Solana vs. Hyperliquid to Japan's political shift and MrBeast's fintech play. --- If you want your crypto taxes done carefully — not guessed — Crypto Tax Girl is offering $100 off one-on-one crypto tax services. Their team focuses solely on crypto and has been helping investors navigate tax season since 2017. Save $100 here Hosts: Ram Ahluwalia, CFA, CEO and Founder of Lumida Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting Christopher Perkins, Managing Partner and President of CoinFund Guest: Nic Carter, Founding Partner at Castle Island Ventures Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Feb 11, 2026 Crypto Town Hall, hosts and guests discuss extreme market fear, dismiss SBF's jailhouse bid for a new trial as futile, and slam big banks' lobbying to kill stablecoin yield via the Clarity Act as pure protectionism. They highlight stablecoins' potential to drive U.S. Treasury demand, BlackRock's DeFi push (including Uniswap), the collapse of hype-driven VC tokens, real-world asset tokenization opportunities, and persistent legal uncertainty for utility tokens without lasting regulatory clarity. The episode closes with AI's rapid coding/automation advances, its disruption of SaaS and DeFi, emerging security/legal risks from AI agents, and why tokenized money (especially stablecoins) will likely power future autonomous systems.

High-stakes negotiations between U.S. banking giants and crypto executives at the White House hit a wall yesterday, ending in an impasse over stablecoin yields. Meanwhile Uniswap's governance token jumped on Wednesday after the decentralized exchange's creator announced an integration with BUIDL, BlackRock's tokenized money market fund. This happening as Franklin Templeton gears up for another major push into DeFi.~This episode is sponsored by Tangem~Tangem ➜ https://bit.ly/TangemPBNUse Code: "PBN" for Additional Discounts!Guest: Sandy Kaul - EVP at Franklin Templeton & Head of Franklin Innovation Download Benji Mobile App➜ https://bit.ly/BENJIFranklin00:00 intro00:08 Bank Compromise Incoming?01:03 Tim Scott sides with Coinbase01:45 Banks Losing02:23 Franklin Templeton 03:13 $BENJI Money Market Funds04:38 Retail $BENJI Yields05:50 KYC for Yields?06:43 Ondo Launches Stock Vaults07:55 Binance x Franklin Partnership09:58 $BENJI on Uniswap coming?11:14 Waiting For CLARITY Act11:55 Real-Time Yields13:30 Wallet Partnerships Coming?14:18 Bitwise Loyalty Token14:48 $PENNY Loyalty Token for Franklin15:25 CLARITY will pass15:55 Banks banning vaults?16:05 KYC Hell16:24 Bank Deposit Tokens17:23 XRP Vault Race17:45 JP Morgan17:58 Retail Loyalty Points18:52 Celebrity Curated Vaults19:20 Post-CLARITY Products20:40 outro#Crypto #Ethereum #XRP~Banks Losing Fight Against Yields!?

The newly confirmed Feb. 10 White House meeting on stablecoin policy is being framed by some market observers as a step toward breaking the logjam around the CLARITY Act, a broad crypto market-structure bill that has already run into procedural hurdles in the Senate.~This episode is sponsored by iTrust Capital~iTrustCapital | Get $100 Funding Reward + No Monthly Fees when you sign up using our custom link! ➜ https://bit.ly/iTrustPaul00:00 Intro00:10 Sponsor: iTrust Capital00:50 White House Meeting02:00 CLARITY Odds02:30 Scott Bessent blames Coinbase04:15 Patrick McHenry: Memorial day05:50 Stop the crash06:30 David Sacks & Patrick Witt  jobs on the line07:30 April 3rd08:00 BlackRock wants it08:45 Fairshake war chest09:15 WLFI09:45 Gov. Shutdown10:30 Iran conflict11:00 Tom Lee: Why no mention?11:15 Bank lobby power12:30 Trump memecoin a red line?13:20 FUD headlines13:50 SEC silver lining14:20 Outro#Crypto #bitcoin #Ethereum~Crypto's Trigger Moment?

In this episode, Stig Brodersen speaks with Thomas Mueller-Borja, the Global Co-Head of Real Estate and Global CIO for Value-Add Real Estate at BlackRock. They explore how great investors define games they can win, balance ambition with contentment, and build high-quality relationships. IN THIS EPISODE YOU'LL LEARN: 00:00:00 - Intro 00:02:22 - What happens when BlackRock raises and deploys billions of dollars 00:29:31 - How the public debt situation across the developed world may influence your investment framework 00:46:47 - How to build high-quality relationships 01:04:03 - How to define and win the right games 01:10:11 - How to balance honesty and kindness 01:17:17 - Frameworks for choosing the bigger life Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Learn how to join us in Omaha for the Berkshire meeting ⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠. Guy Spier's interview with Thomas Borja-Mueller. Related ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠books⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ mentioned in the podcast. Ad-free episodes on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium Feed⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. NEW TO THE SHOW? Get smarter about valuing businesses in just a few minutes each week through our newsletter, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Intrinsic Value Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check out our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠We Study Billionaires Starter Packs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Follow our official social media accounts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X (Twitter)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ | ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Browse through all our episodes ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Try our tool for picking stock winners and managing our portfolios: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Finance Tool⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Enjoy exclusive perks from our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠favorite Apps and Services⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Learn how to better start, manage, and grow your business with the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠best business podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. SPONSORS Support our free podcast by supporting our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠: ⁠HardBlock⁠⁠ ⁠⁠Human Rights Foundation⁠⁠ ⁠⁠Simple Mining⁠⁠ ⁠⁠Netsuite⁠⁠ ⁠⁠Shopify⁠⁠ ⁠⁠Plus500⁠⁠ ⁠⁠Vanta⁠⁠ ⁠⁠Masterworks⁠⁠ ⁠⁠Fundrise⁠⁠⁠⁠⁠⁠⁠ References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor's Podcast Network is not responsible for any claims made by them. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bonefrog https://BonefrogCoffee.com/ToddGet the new limited release, The Sisterhood, created to honor the extraordinary women behind the heroes. Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeDonald Trump's latest EO is going after big corporations buying up real estate like Black Rock... But, is it violating the free market?Episode links:Trump says he will use EO to stop Blackrock, et al, from buying up single family homes.Video message from Federal Reserve Chair Jerome H. Powell:This is just horrible. @SenRickScott has a nine figure net worth yet here he is making the case for Congress to be able to trade on inside info. You'd be in federal prison for doing the same.orig published Jan 15 2026

This was one of the most violent crypto flushes in years. Bitcoin plunged to $60,000, a 17% intraday collapse that ranks among the 10 worst drops in BTC history. More than $2.4 billion in leveraged positions were liquidated in 24 hours, pushing Fear & Greed readings to levels last seen during the FTX collapse. BlackRock's IBIT ETF recorded its highest trading volume ever, while Strategy shares sank after posting a $12 billion Q4 loss. Traditional markets also struggled, but the damage was far more contained. The S&P 500 fell 1.2%, the Nasdaq slipped 1.6%, and software stocks remain under heavy pressure amid AI disruption fears. U.S. layoff announcements surged to their highest January level since 2009. Overseas, Asia closed mostly lower, Europe fared better, and one rare positive headline emerged as U.S.–Iran negotiations began in Oman, easing geopolitical stress.