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SCHEDUKE JBS 7-21-26Elizabeth Peek joins John Batchelor to discuss how rising gasoline prices act as a talisman for consumer sentiment and presidential approval. Despite low unemployment and rising real wages, the public remains fixated on energy costs. Peek criticizes Republican messaging and highlights the massive AI-driven investment boom currently occurring. (1)Elizabeth Peek discusses New York mayoral candidate Zohran Mamdani's inability to define the "working class." She argues the Democratic Socialists of America (DSA) primarily represent white, college-educated liberals rather than manual laborers. They also discuss Kevin Warsh as a potential Fed chairman and the independence of interest rate decisions. (2)Peter Berkowitz examines Vice President JD Vance's views on restoring Christianity in America. Berkowitz highlights the ambiguity in Vance's stance regarding government involvement in religion. They contrast Vance's rhetoric with James Madison's historical opposition to state-funded religion, emphasizing the constitutional separation of church and state. (3)Ahmad Sharawi reports on Syria's interception of sophisticated Iranian weapons—including cruise missile components—destined for Hezbollah. The weapons were concealed in Iraqi oil tankers. This move is seen as Al-Shara's attempt to gain international trust and investment by demonstrating a commitment to containing Hezbollah's rearmament. (4)Mary Kissel discusses the ongoing conflict with Iran in the Strait of Hormuz. She argues there is no diplomatic overlap because Iran views nuclear weapons as essential for survival. Kissel notes the lack of a broad international coalition and warns that regional allies might seek accommodation with Tehran. (5)Mary Kissel turns to NATO's lack of unity regarding the Ukraine war. Kissel argues that while Eastern Europeannations feel the threat, Western Europe focuses on domestic politics. She highlights the emergence of a "new alliance" of Russia, Iran, and China, which poses a significant hybrid threat. (6)Joseph Sternberg analyzes China's struggling economy, noting that official growth targets are likely overstated. Facing a real estate crater and demographic decline, China is reverting to an export-heavy model. Unlike Japan's past recovery, China's adversarial stance makes trading partners less willing to absorb its gluts. (7)Joseph Sternberg discusses the transition to Prime Minister Andy Burnham in the UK. Burnham, who took office without an election mandate, faces a heavily taxed economy and bond market skepticism. Sternberg critiques Burnham's big-government agenda and resistance to market reforms, suggesting it may drive away wealth. (8)Gregory Copley evaluates Prime Minister Andy Burnham's new cabinet, specifically John Healey as Chancellor and Wes Streeting as Defense Secretary. While the government aims to boost defense spending and support Ukraine, Copley questions its legitimacy without a fresh mandate and notes a lack of long-term global strategic planning. (9)Gregory Copley covers the alienation of Canada under the Trump administration. Copley explains how Canada is diversifying its defense procurement—buying Swedish aircraft and Australian radar—rather than relying on the US. This shift threatens the NORAD partnership and results in billions of dollars lost for US aerospace industries. (10)Gregory Copley explores the "balance of ignorance," where declining literacy and social media lead to a loss of national identity. He argues that governments make poor strategic decisions because they no longer understand their own history or adversaries, citing the current US conflict with Iran as a primary example. (11)Gregory Copley explains King Charles III's role in forming Andy Burnham's government. The King's "blessing" provides constitutional legitimacy to the transition. Copley notes Burnham is the first practicing Roman Catholic Prime Minister and highlights the King's departure to Glasgow to open the Commonwealth Games. (12)Former Congressman Thaddeus McCotter discusses how rising gas prices and inflation hurt Republicans in swing states. They also examine the Trump administration's use of the Smoot-Hawley Act to threaten tariffs on Canada. McCotter views these as punitive measures that weaken the broader argument for necessary trade protections. (13)Thaddeus McCotter comments on a recent presidential address regarding the 2020 election. He argues that claiming the system is "rigged" is counterproductive for Republican turnout. McCotter suggests that voters care far more about the "price of gas" and groceries than relitigating past elections that the party lost. (14)John Batchelor and Peter Huessy review classic nuclear war films like Godzilla, On the Beach, and Dr. Strangelove. Huessy argues that while these films highlight the horrors of nuclear use, real-world focus has evolved toward deterrence and sophisticated safety systems designed to prevent accidental or unauthorized missile launches. (15)Peter Huessy continues the discussion of nuclear films like Fail Safe and The Day After. Huessy disputes claims that The Day After motivated Ronald Reagan's arms control efforts, noting Reagan was a committed advocate for nuclear reductions long before the movie's massive 1983 television broadcast. (16)Corrections applied silently: Ahmad Sharawi (4) and Thaddeus McCotter (13, 14) per the log.
Utah Governor Spencer Cox told us back in September that the suspect changed clothes on the roof which is problematic, state witness Sergeant Jennifer Faumuina is found on a Netflix show, a former United States Navy SEAL has questions about the case, and Blake Neff doesn't remember what hotel he stayed at on 9/10. 00:00 - Start. 02:40 - Robert O'Neill's thoughts on the Fed narrative. 07:58 - Governor Cox told us the assassin changed clothes on the rooftop. 11:48 - Dan Bongino tells us the footage is very grainy. 15:42 - Looking into Sgt. Jennifer Faumuina. 30:20 - Frank Turek's story vs Frank Turek's story. 36:05 - Blake Neff doesn't know what hotel he stayed in on 9/10. 39:40 - Andrew Kolvet crashes out and his brother comes to his defense. 45:23 - Comments. PreBorn! To donate, dial #250 and say they keyword “BABY" or by visiting https://preborn.com/candace The Wellness Company Be prepared before you need it. Get your Medical Emergency Kit. Visit http://www.twc.health/CANDACE and use code CANDACE to Save $45 Off + Free Shipping. USA Residents Only
In the second part of our economic roundtable, Michael Gapen, Jens Eisenschmidt and Chetan Ahya join Seth Carpenter to discuss how central banks are balancing sticky inflation, resilient growth and regional policy trade-offs.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist and Head of Macro Research. And once again today, I am joined by Morgan Stanley's chief regional economists: Michael Gapen, the Chief U.S. Economist, Jens Eisenschmidt, our Chief Europe Economist, and on the other side of the world, Chetna Ahya, our Chief Asia Economist. Yesterday, we talked about what's supporting growth around the world, especially AI spending in the U.S. and some government spending in Europe, and Asia's role in making all of this happen. Today, we're going to try to dig deeper and go into policy. It's Tuesday, July 21st at 10 am in New York Jens Eisenschmidt: And 4pm in Frankfurt. Chetan Ahya: And 10pm in Hong Kong. Seth Carpenter: Since the last time we did this in mid-April, I will say the debate around central banks has probably become more complicated. Global growth has held up, probably better than many people expected. And inflation, which picked up a lot, started to recede. But it has not gone away. And some of the forces helping to shape the economy, the AI spending, government spending, that possible upswing in manufacturing, that could keep demand strong, and it might keep pushing inflation higher. So, the question today is, if growth remains resilient, how much room really do central banks have to navigate? Mike, let me start with you because your call for the Fed here in the U.S. is out of consensus, or at least at odds with where the market is pricing things. We talked about the demand going from AI. You pointed out that imports are actually limiting how much domestic demand there is. So, what is the underlying story for inflation in the U.S.? And what does it mean for the Fed? Michael Gapen: So, our view is that inflation will come down in the U.S. So, we think disinflation will be driven by some payback in energy prices. Some payback from tariffs, which have pushed up goods prices over the last year. And some further diminishment in housing-related inflation, namely shelter. So, we think on a broad-based perspective, inflation has already peaked and will start moving lower. And we think we've seen evidence of this in recent inflation prints. A risk to that, though, is from the demand side of the economy and AI-related inflation in two parts. One, higher software prices, chipflation. So, the pass-through of some of the AI pricing components. Fortunately, here, they're about less than 1 percent of the consumer basket. So, we don't think that there's a great risk, a strong risk, a high risk of AI-related inflation in the consumer bundle. I think the real risk is that maybe we underestimate broad-based demand, animal spirits. And so, you might just see a broad-based increase in inflation from stronger demand. That'll be a little bit harder to see in real times. But our expectation is that inflation moves lower to about 3 percent, by the end of this year and closer to 2.5 percent next year. Seth Carpenter: All right. Thanks, Mike. And in fact, the most recent inflation report that we just got confirms your perspective that inflation should be coming down. And so, I guess the question then remains: What would it take for the Fed to hike this year if inflation has come down like we've seen? Michael Gapen: Well, I think that the answer there is that inflation wouldn't come down in line with our expectations. So, if the view is that energy prices, tariffs, and shelter inflation should provide plenty of offset and bring inflation down, I think the answer is you don't get payback. Explicitly, core goods prices stay elevated. Maybe we get ongoing disruptions in the Middle East that push energy prices higher and create second-round effects. So, I think inflation just lingering at elevated levels could mean the Fed gets brought in to raise rates in September or later this year. We think if they're patient enough, they'll see enough disinflation to keep them on the sidelines. But the risk is disinflation forecast is too optimistic, inflation stays firm, the Fed needs to raise rates. Seth Carpenter: All right, Jens, what about for you and the ECB? They've already raised interest rates once this year. I think you've got a forecast for them raising interest rates again in September. What could make you wrong about that forecast? What's going to make you convinced that you're right about that forecast? And is there a similar tension that the ECB is wrestling with that Mike talked about for the Fed? Jens Eisenschmidt: Yeah. I mean, starting with the last part of your question, I think no doubt, very similar tension. Just that, of course, it's less obvious. It's essentially a nuanced European version instead of the loud American version that we always stereotypically think the world looks like. So, essentially, we have here clearly not an AI boom. That, I mean, there's no question. And we have discussed that yesterday. Still, there is certainly the notion that the world demand is not really weak, and some of this will also arrive in Europe. And so, you have that tension between maybe there's more resilience than we had thought, and so inflation will not come down through to slack as much. And so, we might actually add something here in terms of monetary restrictiveness. Now, the other thing that is often forgotten, even though it's blatantly obvious, the starting point is just different. The ECB is running neutral monetary policy by all accounts. I mean, you could say 2 percent is neutral, and now they are 2.25. But, you know, there are ranges of uncertainty around any estimate. And the latest that they published runs – goes from 1.75 to 2;2.5. So basically, even if they were to increase rates to 2.5 in September, you could go with the microphone around the governing council, and you would probably find a lot of people saying, "Well, this is still a neutral policy." That's probably not the case for the U.S. So, I guess this matters here for that debate too. Seth Carpenter: All right. Yesterday we talked about lots of different things, but for Europe, we brought up fiscal policy. How do you think about fiscal policy and how it affects monetary policy? And so, I'm thinking about two channels. One, how much does the ECB care that if they keep pushing up interest rates, they're going to increase the debt service burden for countries that are already facing high debt costs? And second, is fiscal policy going to be the extra impetus for inflation that forces even more rate hikes from the ECB? Jens Eisenschmidt: I guess it depends on who you ask. Certainly, more concerned members in the governing council that would point to exactly that fiscal stimulus as a reason why interest rates have to be increased further from here. The other answer I would give is – probably for now at least, the view on fiscal policy is really model-based. You look at what type of increase in interest rate gets you essentially more fiscal restraint because there's an increase in interest rate bill and so less spending somewhere else. And that gets you basically less stimulus or less growth, I mean, very roughly speaking. I don't think it's a major concern for now. We haven't reached yet interest rates where this would start to play a role. I guess, again, Europe being fragmented as it is, with all the political risk that's around the corner. Think about the elections in France and Italy and Spain next year. That will very likely find itself expressed in spreads. And so, the higher the interest rates are, the larger the spreads could become. Seth Carpenter: So, for each of you, there's clearly a role for inflation. One of the risks we'll talk about maybe is inflation expectations and how maybe there's a big shift in what's going on with inflation. But Chetan, that brings me to you and Asia, because one economy where there unquestionably has been a fundamental shift in inflation and inflation expectation over the past several years is Japan. The Bank of Japan is on this normalization path where they're raising interest rates. Interest rates had been negative and then zero, and now they're gradually raising things up. Inflation has come back to Japan. Markets are looking at what the Bank of Japan is likely to do. Can you tell us a little bit about what our view is for the Bank of Japan this year and next? And what might make them hike interest rates faster than we think? And is there any risk that in fact they hike interest rates slower than we think? Chetan Ahya: Yeah, Seth. So, we are expecting BoJ to hike twice from here. The first rate hike is coming up in December of this year, and then another one coming up in June of next year. And then we think that, you know, the underlying inflation trend in Japan is not really that strong. So, while market pricing is for about three more rate hikes instead of two that we are building in our base case. And some of the macro investors are even talking about four more rate hikes. We think the underlying inflation trend warrants a caution and BoJ to go slowly than what the market is pricing in and what the macro investors are saying in. And the key part of our framework on thinking about Japan's inflation is that bulk of the explanation to inflation rise in Japan lies in currency moves. And secondarily, you can look at also the other drivers are more from supply side, which is higher energy prices or food prices. Whereas it's not driven so much by demand. To elaborate further on why it is not driven by demand, when you look at Japan's consumption trend, and if you index it to hundred at pre-COVID levels in September [20]19 then it's currently about 101; i.e., that it's just about 1 percent up over the last seven years. So that's a very tepid trend of consumption demand. And therefore, we don't think that BoJ needs to rush into hike in a more aggressive pace going forward. Seth Carpenter: So, there is this fundamental shift, but boy, it's not on a tear, and so the BoJ can take its time. You know, Chetan, it's hard to wrap up a conversation about the global economy without talking about China. I get the sense that there's not a lot going on with monetary policy, but we did just see a soft Q2 GDP print. So, against that backdrop, what should we be expecting in terms of policy? Is there any monetary policy coming? Or is there going to be some fiscal expansion? Or is China just sort of stuck in this lower gear? Chetan Ahya: Yeah, Seth. So, we were also surprised by the soft GDP print. But when you look into the data, actually, it was interestingly doing well on exports. And I mentioned earlier about how the global CapEx trend is helping Asia. It's definitely helping China too. But at the same time, China's domestic demand turned out to be quite weak. And particularly in the areas where we think that the policy response can be providing some help, i.e., infrastructure spend, was also very weak. And therefore, we are expecting that in the back half of the year, you will see the government taking up some fiscal expansion. Not new stimulus announcement, but whatever they had budgeted. They have enough room within that to utilize that budget and actually increase that fiscal spending towards infrastructure. We have about 2 trillion RMB worth of funds available for the government to go ahead and spend in the second half. And then lift that growth trend, which has dipped to 4.3 percent in second quarter to back to 4.6 percent in the back half of the year. Seth Carpenter: You know what? Maybe that's a great place for us to leave it. We've gone around the world again today, but this time focusing much more on policy. In the U.S., the Fed is facing this interesting situation. We think inflation is coming down. The last CPI print went in our favor. And so as a result, our forecast is that the Fed doesn't change policy at all this year. But it's going to come down to the data, and in particular, whether or not Mike and his team are right in terms of where inflation is going. In Europe, the ECB has already raised interest rates once this year. Jens and team are looking for another interest rate hike. The ECB really does seem more sensitive to inflation coming from the energy shock, but there are lots of other crosscurrents that they're paying attention to as well. And then the other major developed market central bank, the Bank of Japan, is on this normalization path. They are in the process of raising interest rates, but Chetan pointed out to us that the growth rate is such that they don't have to be in any sort of hurry, and they can take their time. So, with that, Mike, Jens, Chetan, thank you so much for helping us connect all of these dots. And to the listeners, thank you for listening. If you enjoy the show, please leave us a review wherever you listen. And share Thoughts on the Market with a friend or a colleague today.
Brian Szytel recaps a Tuesday market rebound led by momentum stocks and semiconductors, with the Dow up over 300 points, the S&P 500 up 0.9%, and the Nasdaq up 1.3%, while the 10-year yield rose to 4.63% and oil climbed to about $84 WTI and $91 Brent amid the Iran war, pressuring inflation expectations and rates. With no major economic data, he focuses on demand-pull inflation and the lagged relationship between money supply (M2) and CPI, noting M2 is up ~3.5% year-to-date and nearly 6% over 12 months, suggesting inflation could bias higher 12–18 months out despite a cooler June CPI. He discusses the Fed's inflation-fighting rhetoric, an estimated high chance of a rate hike before year-end, and potential headwinds to risk assets from tighter policy and balance-sheet shrinkage. He also explains that point moves typically refer to the Dow for public discussion, while deeper market analysis relies on the broader S&P 500. 00:00 Market Bounce Recap 01:02 Rates and Oil Move 01:37 Money Supply and CPI 03:05 Fed Hike Risk Ahead 04:52 Dow vs S&P Explained 06:41 Wrap Up and Q&A Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
As a newly installed chairman takes the helm of the Federal Reserve, US monetary policy remains uncertain amid a soft inflation print and escalating tensions in the Middle East. David Mericle, chief US economist in Goldman Sachs Research, forecasts the Fed to keep interest rates unchanged this year before cutting its policy rate in 2027. He also unpacks the factors driving US inflation, highlights the surprising resilience of the US labor market, and explains why he expects US GDP to expand around 2% this year. Recorded on July 20, 2026. The opinions and views expressed herein are as of the date of publication, subject to change without notice, and may not necessarily reflect the institutional views of Goldman Sachs or its affiliates. The material provided is intended for informational purposes only, and does not constitute investment advice, a recommendation from any Goldman Sachs entity to take any particular action, or an offer or solicitation to purchase or sell any securities or financial products. This material may contain forward-looking statements. Past performance is not indicative of future results. Neither Goldman Sachs nor any of its affiliates make any representations or warranties, express or implied, as to the accuracy or completeness of the statements or information contained herein and disclaim any liability whatsoever for reliance on such information for any purpose. Each name of a third-party organization mentioned is the property of the company to which it relates, is used here strictly for informational and identification purposes only and is not used to imply any ownership or license rights between any such company and Goldman Sachs. A transcript is provided for convenience and may differ from the original video or audio content. Goldman Sachs is not responsible for any errors in the transcript. This material should not be copied, distributed, published, or reproduced in whole or in part or disclosed by any recipient to any other person without the express written consent of Goldman Sachs. Disclosures applicable to research with respect to issuers, if any, mentioned herein are available through your Goldman Sachs representative or at http://www.gs.com/research/hedge.html Goldman Sachs does not endorse any candidate or any political party. Copyright 2026. All rights reserved. Learn more about your ad choices. Visit megaphone.fm/adchoices
July 21, 2026 – Singapore-based macro strategist Laurent Lequeu of The Macro Butler discusses the intensifying US-China AI race following the release of Moonshot's Kimi K3. Lequeu explains why Chinese competition threatens Western AI profitability...
Stijn Schmitz welcomes back Steve Hanke back to the show. Steve Hanke is a Professor of Applied Economics at Johns Hopkins University. Hanke highlights the two major wars—the U.S.-Israel conflict with Iran and the Ukraine war—as critical disruptors of global commodity flows. He notes that the Strait of Hormuz is effectively closed, with Iran controlling it, and the Houthis threaten the Red Sea chokepoint, severely constricting crude and refined product supplies. Russia's cutoff of diesel exports and domestic fuel shortages compound the strain. Oil markets are in backwardation, with spot prices above futures, signaling dangerously low inventories that have cushioned prices so far but are nearing depletion. Hanke warns that once physical inventories run out, oil prices could spike dramatically, potentially later this summer. He advises going long on oil, especially major producers, as a straightforward trade for most investors. On gold, Hanke maintains a bullish outlook, projecting a peak around $6,000 per ounce based on historical ratios to real disposable income. He attributes recent pullbacks to dollar strength and rising interest rates but sees central bank buying as a fundamental driver. He also discusses the pressure on the Fed to monetize debt, which could fuel inflation and support gold. The conversation shifts to the broader commodity supercycle, fueled by deglobalization, underinvestment, and the need for larger precautionary inventories. Copper and tungsten are identified as clear bullish plays due to supply deficits. Hanke notes that high diesel prices are squeezing mining and agriculture, potentially raising output prices. He also touches on dollarization, recommending developing countries adopt the U.S. dollar to expand its use rather than de-dollarize. The interview concludes with Hanke emphasizing the importance of money supply growth as the key determinant of nominal GDP and inflation. Timestamps: 00:00:00 – Introduction 00:01:05 – Key Developments on Radar 00:04:58 – Oil Predictions vs Reality 00:10:53 – Inventory and Flow Analysis 00:14:40 – Crack Spreads and Refining 00:16:27 – Demand Destruction Dynamics 00:20:51 – Anticipated Oil Price Spike 00:22:32 – Long Oil Opportunity 00:27:37 – Gold Bull Market Outlook 00:29:38 – Central Bank Buying Drivers 00:45:54 – Concluding Thoughts Guest Links: X: https://x.com/steve_hanke Website: https://thegoldsentimentreport.com Amazon Book: https://www.amazon.com/Making-Money-Work-Rewrite-Financial/dp/1394257260 Amazon Book: https://www.amazon.com/Capital-Interest-Waiting-Controversies-Additions/dp/3031633970 E-Mail: mailto:hanke@jhu.edu Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China's International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a regular contributor to the Wall Street Journal's Opinion pages. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk's Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor's Council of Economic Advisors in Maryland in 1976-77, as a Senior Economist on President Reagan's Council of Economic Advisors in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997- 2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia. Prof. Hanke has been awarded honorary doctorate degrees by the Bulgarian Academy of Sciences, the Universität Liechtenstein, the Universidad San Francisco de Quito, the Free University of Tbilisi, Istanbul Kültür University, Varna Free University, and the D.A. Tsenov Academy of Economics in recognition of his scholarship on exchange-rate regimes. Prof. Hanke and his wife, Liliane, reside in Baltimore and Paris.
George Noble, CIO of Noble Capital Advisors and former Fidelity fund manager under Peter Lynch, returns with a stark warning: the global liquidity cycle has turned. Citing "liquidity king" Michael Howell, Noble argues that surging deficits, sticky inflation, and a worldwide capex boom have stripped away the policy safety net markets have relied on since 2009 — setting up a potential "Wile E. Coyote moment" where stocks take a dirt nap and the Fed can't respond. He says the Fed isn't in control, Mr. Market is, and bond yields at 4.5% are "much too low" — fair value may be closer to 5.5-6%. Noble calls the AI trade "far worse than dot-com," with malinvestment 17 times larger, hyperscalers destroying free cash flow, and semis a "huge short." His playbook: ditch the 60/40 portfolio, own the reflation trade — gold, silver, energy, copper, uranium — and he names specific stocks including SSRM, Coeur, Valaris, and CRGY. Plus: why the yen carry trade could break, the TLT-in-Turkish-lira lesson on real money, and his most emphatic call of all — "run, don't walk" from SpaceX before the float unlock. And details on his Best Stock Ideas Summit, July 22nd.Thank you to our sponsors: Kalshi - download the Kalshi app and use code JULIA to get $10 when you trade $10. http://kalshi.com/r/JULIA Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links: George Noble's Best Stock Ideas Online Summit: https://noble-capevents.com/X: https://x.com/gnoble79Substack: https://substack.com/@georgenobleTimestamps: 0:00 — Intro; George's Best Stock Ideas Summit July 22nd1:10 — The global liquidity cycle has turned: Michael Howell's warning4:31 — "Risk assets are extremely challenged" — rotation and dispersion is the real story5:30 — Energy vs. Mag 7: free cash flow tells the story7:03 — Tech is really 50% of the market — why the indices will struggle8:20 — "Warsh is not in control, Mr. Market is"10:04 — Why Warsh will blink: the market will force the Fed's hand10:28 — America's Liz Truss moment? Lending to "the Bank of Julia" at 4.5%13:34 — Policy options are gone: why this time the Fed can't rescue markets14:55 — The "Wile E. Coyote moment" ahead for markets16:17 — Japan: 30-year high JGB yields, the yen, and the carry trade risk19:01 — Path vs. prediction: why bond yields are "much too low" — 5.5-6% fair value23:27 — Why the economy shrugs off higher rates (and why that's bearish)25:17 — All fiat is devaluing against real assets: the dollar fell 60% against gold27:17 — Buying the gold correction; why miners could double or triple28:05 — The TLT in Turkish lira: a lesson in your unit of account30:10 — Why 60/40 is the worst allocation right now — "certificates of confiscation"34:07 — "Far worse than dot-com": the margin bubble and 17x the malinvestment36:29 — The internet grew 25 million percent — and the stocks still crashed 90%39:21 — George names names: SSRM, Coeur, Valaris, CRGY, uranium, junior copper40:42 — Parting thoughts: the golden age of stock picking41:45 — SpaceX: "run, don't walk" — why the float unlock means a crash is coming43:00 — The Best Stock Ideas Summit: 15 investors, one pick each, July 22nd
จับตาเงินบาทอ่อนหนัก ผวา ‘ตะวันออกกลางเดือด - ทิศทาง Fed และทองคำ' | Morning Wealth 21 กรกฎาคม 69 เปิดเหตุผล ทำไมบาทอ่อนค่าหนักสุดรอบ 14 เดือน จับตา สัปดาห์นี้อาจแตะ 34 บาทต่อดอลลาร์ชงรื้อเกณฑ์แจก ‘บัตรคนจน' อีกรอบ ใครจะได้สิทธิ์ - ใครจะตกเกณฑ์ พูดคุยกับ วินิจ วิเศษสุวรรณภูมิ ผู้อำนวยการสำนักงานเศรษฐกิจการคลัง (สศค.) ในฐานะโฆษกกระทรวงการคลัง
Blink and you'd miss it — gas prices cooled earlier this summer as the Iran war reached a ceasefire, but the national average is back up to $4 a gallon, according to AAA. In this episode, will U.S.-Iran negotiations drive fuel prices even higher? Plus: Starter home supply eases in some parts of the country, regional bank earnings reveal what's going on in the consumer economy, and Kai discusses changes to the Fed under Chair Kevin Warsh.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Gas prices hit $4 a gallon againRegional bank earnings will tell us a lot about the health of the economyAll engines go as U.S. shipping speeds upStarter home supply is starting to pick up, particularly in the SouthFor this Texas park worker, home is about the location — not the house
Avery is putting her nurse hat back on. In this solo episode, she pulls from her years as a PICU and NICU nurse and her own postpartum experience to give new and expecting moms the real talk nobody else will. She opens up about the night feeds that broke her, the guilt she carried as a working mom who couldn't afford the fancy stuff, and why social media is setting mothers up to feel like failures. Then she runs through her full list of baby and postpartum must-haves, the same one ICU doctors used to ask her for. Fed is best, sleep when the baby sleeps, and trust your gut. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.
Blink and you'd miss it — gas prices cooled earlier this summer as the Iran war reached a ceasefire, but the national average is back up to $4 a gallon, according to AAA. In this episode, will U.S.-Iran negotiations drive fuel prices even higher? Plus: Starter home supply eases in some parts of the country, regional bank earnings reveal what's going on in the consumer economy, and Kai discusses changes to the Fed under Chair Kevin Warsh.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories in today's episode:Gas prices hit $4 a gallon againRegional bank earnings will tell us a lot about the health of the economyAll engines go as U.S. shipping speeds upStarter home supply is starting to pick up, particularly in the SouthFor this Texas park worker, home is about the location — not the house
Marty's back on the shore house porch just as the Middle East flares up again. Marty and John dig into WTI and Brent back in the 80s, the SPR hitting 43 days, and why GCC countries are racing to bypass the Strait of Hormuz. They also get into the US as a helium winner, the Fed trying to have it both ways on forward guidance and inflation, and why Kimi K3 is exposing the strategic risk of nerfed frontier models. They also touch on Jevons Paradox in AI inference, whether sovereigns will end up backstopping training spend, and Bitcoin hovering around 64k with the strategic reserve bill finally hitting committee.
On this episode of CoinDesk's Public Keys from the New York Stock Exchange, Jennifer Sanasie is joined by Ben Emons, Founder and Chief Investment Officer of FedWatch Advisors, to break down the market fallout from Moonshot AI's Kimi K3 and why the Fed is now actively debating rate hikes rather than cuts ahead of the August 7th CLARITY Act deadline. Nadine Chakar, Managing Director and Global Head of Digital Assets at DTCC, explains how the firm moved tokenized securities into live production and outlines DTCC's role as an institutional multi-chain orchestrator ahead of a full commercial launch. The conversation turns to ETF flows, where Bitcoin funds finished last week with $76 million in net inflows despite a $425 million outflow on Monday alone, and Ethereum ETFs outpaced Bitcoin inflows led by $135 million into BlackRock's ETHA. Finally, Bilal Little, Global ETF Strategist at Direxion, unpacks the debut of BTCU and EVMU — the industry's first 2x leveraged spot Bitcoin and Ether ETFs — explains why an ETF wrapper beats margin on a crypto exchange for retail traders, and responds to Bloomberg ETF analyst Eric Balchunas's thesis that Bitcoin ETFs will mirror gold's 22-year "triumph and pain" trajectory. The episode closes with the Fear and Greed Index at 29. - Learn more at https://www.bullish.com/. - Register now for CoinDesk's Policy and Regulation event on September 22, 2026: https://policy-regulation.coindesk.com/. - To get market moving news delivered daily, download CoinDesk's mobile app: https://linktr.ee/coindeskapp. - Timecodes: 00:00 Welcome to Public Keys 00:22 Ben Emons (FedWatch Advisors) Joins Public Keys 00:48 China's Kimi K3 Rattles Chip Stocks Friday 01:42 Bitcoin Holds $64K, While AI Sells Off 02:59 Crypto Miners Pivot to AI: HUT8 Up 14% 03:58 Kimi K3 vs. DeepSeek: This Time It's a Price War 05:03 AI Selloff Tightens Financial Conditions, Helps Fed 06:32 Fed Now Debating Rate Hikes, Not Cuts 06:58 CLARITY Act Deadline: August 7th 09:15 DTCC Takes Tokenized Securities Into Live Production 09:36 Nadine Chakar on the 10-Year Journey to Live Tokenization 13:45 DTCC's Multi-Chain Roadmap 15:26 DTCC's Digital Twin Framework 18:14 Bitcoin ETF Flows: $76M Week Masks $425M Monday Outflow 18:49 Ether ETFs Outpace Bitcoin; Robinhood Chain Hits $800M+ Daily Volume 19:35 Bilal Little (Direxion) on the First 2x Spot Crypto ETF Debut 22:42 How BTCU and EVMU Work — and Why Not Just Use Margin? 25:50 Do Bitcoin ETFs Mirror Gold? 27:38 Fear and Greed Index at 29
Today's Post - https://bahnsen.co/4yvcd4b David Bahnsen reviews a modest down day for markets as Iran tensions and reported American casualties push oil above $80 (ending above $83), with the Dow down ~300, S&P -19 bps, Nasdaq -5 bps, and the 10-year yield at 4.59%; communication services and energy led while healthcare lagged. He cites IPO froth cooling, noting SpaceX below $120 versus a $135 IPO and far off highs. In politics, he highlights Maine's Senate race likely featuring progressive Troy Jackson versus Susan Collins and notes Michigan Democrats consolidating behind Haley Stevens, outlining the difficult map for a Democratic Senate majority. Economically, he underscores the Supreme Court reversal of IEEPA tariffs lowering blended import tariffs from ~11% to ~6–6.5%, while flagging a record 105.8M outside the labor force, soft industrial production, rising import prices, and housing starts driven by multifamily. He previews next week's Fed meeting under Chair Kevin Warsh, balance-sheet maturity shortening, midstream earnings (Kinder Morgan), and answers why shorting stocks is inherently leveraged and generally unsuitable for most investors. 00:00 Welcome and Setup 00:17 Iran Tensions and Oil 01:24 Market Wrap and Sectors 02:17 IPO Froth Check 03:13 Senate Races Outlook 05:39 Economy Data and Tariffs 07:43 Housing and Fed Preview 09:08 Energy Earnings and Gas 10:01 Ask TBG Short Selling 12:00 Wrap Up and Links Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
The bond market just broke a major correlation at a particularly crucial moment. As the Warsh Fed sets out to stamp its mark on the market, the market is already stomping the narrative and doing so in a highly unusual way. UST & WTI have split up, with more than the Fed getting caught up in the burgeoning divorce. Eurodollar University's Money & Macro Analysis----------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider----------------------------------------------------------------------------------If you want to see The Four Economic Regimes, and How to Position Your Portfolio for Each One, sign up here https://eurodollar-university.com/home-page----------------------------------------------------------------------------------https://www.cnbc.com/video/2026/07/16/pending-home-sales-june.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDUI'll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place. You can find me here: https://bravais.social/profile/edu
Jul 20, 2026 – Brendan McMurtrie and Crystal Colbert discuss essential financial and workplace planning tips for expectant mothers. They explain maternity leave, FMLA, California protections, paid family leave, and supplemental disability...
In this episode of Fed by the Fruit, host KB is joined by Bible teacher and author Tami Nantz (This Isn't the Life I Prayed For) for an honest, hope-filled conversation about the book of Job and what it means to trust God when life doesn't make sense. Together, they talk about suffering and God's silence, why Job never gets an explanation, and how Scripture models bringing your doubts and questions to God, messy and unfiltered, because God can handle it. If you're in a difficult season (or walking alongside someone who is), this episode offers biblical encouragement to keep showing up, deepen your trust, and remember that God's silence is not the same as God's absence.Connect with Tami at taminantz.com and Instagram. Reach out to KB on Instagram and share your thoughts.
On today's episode, Editor in Chief Sarah Wheeler talks with Lead Analyst Logan Mohtashami about the Fed, new home construction and housing starts. Related to this episode: Housing permits near cycle lows even as housing starts beat estimates HousingWire | YouTube More info about HousingWire The Top 5: UHM acquires AmeriTrust assets, expands non-QM footprint Foreclosures climb 21% in first half of 2026, pushed by higher stress in FHA, VA mortgages Despite ROAD Act passing, no construction boom is coming The housing market's inventory rebound is shifting power to buyers, but not everywhere Awaiting the CFPB's next act ahead of Vought's departure Want more from Sarah? Don't forget to subscribe! The HousingWire Daily podcast brings the full picture of the most compelling stories in the housing market reported across HousingWire. Each morning, listen to editor in chief Sarah Wheeler talk to leading industry voices and get a deeper look behind the scenes of the top mortgage and real estate.
Financial markets are always trying to anticipate what the Fed's next move may be. Making an accurate prediction may become more challenging under new Federal Reserve Board Chair Kevin Warsh. Confluence Associate Market Strategist and Certified Business Economist Thomas Wash joins Phil Adler to discuss Warsh's strategy and how it might impact investors.
The first half of 2026 showed resilience, but the path ahead is narrowing. Julia Hermann and Michael LoGalbo discuss U.S. exceptionalism, AI-driven growth, limited Fed support, and what a more selective outlook means for portfolios.
Bank of America is now predicting three Fed rate hikes, and that raises a big question for rental property investors:Can rental properties still cash flow if rates stay high or move even higher?This week on the Not Your Average Insights Show, Gregg Cohen and Pablo Gonzalez are breaking down what cash flow looks like for rental property investors in 2026. They'll look at how today's rates affect the numbers, what could change if rates rise, and how JWB's limited 3.99% loan product could change the cash flow picture for investors.You'll learn:- what higher rates could mean for rental property cash flow- what “cash flow positive” actually looks like in 2026- how financing changes the monthly numbers- why the right financing structure mattersListen NOW!Chapters:00:00 Rates Narrative Shifts01:46 Why Hikes Matter06:04 Mortgage Rates Explained09:59 BPS and Fed Funds12:16 Impact on Owners15:26 Coil Effect and Data21:37 Buying in High Rates28:33 JWB Strategy and 3.99 Rate32:31 Case Study Setup34:31 Market Noise Immunity34:58 Live Deal Breakdown36:01 Why Negative Cashflow Hurts38:43 3.99 Rate Game Changer41:04 Limited Slots Explained42:14 Vertical Integration Advantage46:09 Community Q&A Basics47:00 After Year Seven Plan54:34 Ten-Year Wealth Outlook56:25 More Q&A DSCR And Risk59:18 How To Get Started01:00:53 Wrap Up And Next WeekStay connected to us! Join our real estate investor community LIVE: https://jwbrealestatecapital.com/nyai/Schedule a Turnkey strategy call: https://jwbrealestatecapital.com/turnkey/ *Get social with us:*Subscribe to our channel @notyouraverageinvestor Subscribe to @JWBRealEstateCompanies
Kevin Warsh is taking a different approach as Fed chair, and investors are trying to figure out whether his quieter style will bring more discipline to monetary policy or create a new layer of uncertainty.Chuck Zodda and Mike Armstrong break down Warsh's early approach to the Fed, why pulling back from forward guidance may not mean what markets think, and why his real test will come when inflation, employment, or stocks force him to make a difficult call. They also discuss rising single-stock volatility, how leverage and new trading products may be adding risk, what SpaceX's post-IPO drawdown says about newly public companies, why Americans are pulling back on retirement savings, and how housing affordability looks different once income growth and mortgage rates are included.
Cooper Howard with Charles Schwab sees strength in the economy overall, though he expresses concerns in the labor market. He talks about the signs of weakness he sees and explains how it correlates to a tight inflation picture, along with ways it shapes the Fed's interest rate outlook. Cooper adds color to the picture in how all the macro developments affect the bond market. ======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
Brian Jacobsen examines how strong corporate earnings continue to support the market but warns that lofty expectations leave little room for disappointment. He discusses the importance of forward guidance, opportunities in industrials, healthcare, and banks, and why inflation trends could keep the Fed on hold despite concerns over gasoline prices.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about
8th Sunday after Pentecost; Sermon based on Mark 6:1-13. Preached at The First Presbyterian Church of Brooklyn (https://linktr.ee/firstchurchbrooklyn). Podcast subscription is available at https://cutt.ly/fpcb-sermons or Apple Podcasts (https://apple.co/4ccZPt6), Spotify, Amazon, Audible, Podcast In....This item belongs to: audio/first-church-brooklyn-sermons.This item has files of the following types: Archive BitTorrent, Columbia Peaks, Item Tile, Metadata, PNG, Spectrogram, VBR MP3
VLOG July 20 Mangione trial less public access than Trump: https://matthewrussellleeicp.substack.com/p/murky-mangione-trial-for-ny-v-luigi Netflix no Rinsch atty fees DDC seizures 6 of 44 on web, as Alien Terrorist Removal Court not in PACER. Fed for predatory Green Dot; Rafael M Grossi's @GrossiForNextUN blocks Press
Oil hit $120 a barrel during the last Iran conflict. Today it's sitting around $80... during the SAME kind of conflict. That gap is the whole story for where mortgage rates go next, and I break down exactly why in today's video.I also walk through the two things the Federal Reserve actually cares about (inflation and jobs), what last week's data really showed, and why I'm telling you there's basically a 100% chance the Fed does nothing at next week's meeting. Then I get into what I'm personally telling my clients to do right now if you're under contract, or if you're planning to buy later this year.Stick around to the end, I show you the exact tools I use every single day to track this stuff myself, and how you can use them too.
Joe Consorti is a Bitcoin and global capital markets researcher, and a leading voice at the intersection of Bitcoin & institutional finance.› https://x.com/joeconsorti› https://youtube.com/@joeconsortiPARTNERS
A Bloomberg opinion column on July 20, 2026 argued for tighter Federal Reserve policy, putting the FOMC and Chair Jerome Powell in focus. Tighter conditions would operate through higher policy rates and quantitative tightening, affecting bank funding costs and credit availability. Small and midsize businesses could see stricter lending standards, more expensive working capital, and slower approvals. Venture-backed companies would face compressed valuation multiples, longer fundraising timelines, and more bridge financing. Customers may slow purchases in rate-sensitive sectors, lengthening sales cycles and raising procurement hurdles. Founders can prepare by fixing more debt, building liquidity buffers, diversifying banking, and prioritizing efficient growth while monitoring upcoming Fed communications and data.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.
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Warsh admitted monetary policy caused inflation. Bessent thinks silver certificates still redeem at Fort Knox. And import prices are up 7.1%.This is episode is sponsored by Function. Join at https://functionhealth.com/peter and use code PETER25 for a $25 credit.This episode is also sponsored by Pebl. Go to https://hipebl.ai to get a free estimate.Treasury Secretary Scott Bessent told Fox viewers that old silver and gold certificates can still be redeemed at Fort Knox. Gold certificates were repudiated in 1933 and silver certificates in 1968. Peter Schiff argues that if the man who signs the currency does not know basic monetary history, there is no reason to trust his assurance that the gold in Fort Knox is all there.Markets confirmed the AI bubble is deflating. SpaceX fell 13.25% on the week to close below $124, under its $135 IPO price, and anyone who bought the post-IPO high near $225 is down 45%. Only about 5% of the company trades today, but lockups expire through year end and take the float to roughly 40%, an eightfold increase in supply. Gold closed at $4,017 and silver at $55.83, which Schiff calls a head fake created by the false narrative that war is bad for gold.The honest inflation numbers tell a different story than the CPI: import prices are up 7.1% year over year and export prices are up 10.2%, against a reported 3.5%. Kevin Warsh admitted in Senate testimony that monetary policy caused the inflation, then offered a plan that amounts to talking about it while the Fed's balance sheet grew another $7.4 billion. Schiff also covers Trump selling paid early access to market-moving posts and explosive new FOIA emails showing Euro Pacific Bank was shut down for publicity, with the Australian Tax Office driving the operation to protect a journalist facing his defamation suit.Chapters:00:00 Trump Posts Paywall01:23 Market Week Wrap07:42 Gold Silver War09:52 Inflation Data Reality23:30 Warsh Hearing Grifts37:59 AI Jobs and Progress40:22 Trump Post and Fox Fallout44:05 FOIA Trail and Censorship Claims50:31 Nine Fraud Bank Shutdown Emails57:07 Operation Atlantis PR ExposedFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/booksSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/news#PeterSchiffShow #FortKnox #InflationOur Sponsors:* Check out Chilipad and use my code GOLD for a great deal: https://sleep.me* Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com* Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai* Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com* Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.comPrivacy & Opt-Out: https://redcircle.com/privacy
Why are Bitcoin miners suddenly at the center of the AI infrastructure boom? Fred Thiel, CEO of MARA, explains "mullet data centers" — AI in the front, Bitcoin mining in the back — and why power is the bottom layer of Jensen Huang's AI pyramid. He details MARA's joint venture with Starwood, load-balancing technology that follows wind power in real time, and lessons from Bitcoin mining that now apply to hyperscale data centers.
Michael A. Gayed, CFA sits down with Michael Toney-Hoffman of TrendSpider to break down the rate-cut divergence between what the Fed is signaling, what the market is pricing, and what actually shows up in leading-sector scans right now. Mike Toney-Hoffman drives the TrendSpider Sidekick portfolio agent live on screen — running natural-language prompts against real market data to identify sector leaders, rank technical setups, and pressure-test portfolio positioning against rate scenarios.
World Heath Disclosure David Eells 7-19-26 (audio) Restored Republic via a GCR Update as of Sat. 18 July 2026 by Judy Byington, Welcome To The Great Awakening Next 48 Hours, Critical Next Ten Days, Historic Next 30 Days Changes Civilization “Most don't realize how hard it is to speak the truth to a world full of people who don't realize they're living a lie.”…Edward Snowden Judy Note: On Thurs. 16 July 2026 a ceasefire was activated in Israel – confirming a global reset of Mid East stability. Hamas freed the last living Israeli hostages, while Israel released 2,000 Palestinian prisoners. It all happened just as Q predicted: “Israel would be last.” Though the next day on Fri. 17 July 2026, the US Navy resumed a full naval blockade on Iranian ports in the Strait of Hormuz. The day before Iran had bombed a US Military base, ensuring a permanent break of the ceasefire. Trump's attack was mainly financial. The blockade was costing Iran $400 million a day, while US Central Command (CENTCOM) pounded targets in wave after wave of strikes on bridges, trains and other infrastructure that would affect any trade Iran could do outside the country. Of course, Iran refusing peace and making war would keep them out of the Global Currency Reset and financial system. Trump declared, “We gave them a chance… they shot first. Big mistake.” It was a typical Trump reaction. Because of the Global Military Alliance led by the US President and Commander-in-Chief, Deep State Elites were finally collapsing, while Sovereigns of the World were reaching out to grasp peace and Constitutional Law under God, governed by We The People. Q said it best on Telegram today: “The UN is now obsolete, because Trump is doing their job for them. The UN does not carry out its intended function, so Trump unilaterally took over as the new UN. “Trump created the Board of Peace, brokered all the peace deals worldwide, and is shutting down threats to the people of the world, like Iran's nukes, the American cartels, ISIS in Syria, Yemen, Nigeria, etc. “Trump is using tariffs and military precision, to operate as the UN is supposed to. Trump is now the new global peacemaker, whether you like it or not. “Nothing gets done at the UN, so Trump took matters into his own hands.” Trump had already assured that Free Energy was on it's way to every household, and with the Global Currency Reset (GCR) that just launched, currencies across the World were trading at a 1:1 with each other as backed by gold and other assets. Our financial future was safe and finally away from the fiat dollar. The GCR had caused the Deep State's privately owned IRS to find it's grave, while their Illuminati's over taxing of the American people suddenly vanished. The Cabal's Federal Reserve now held a new position under the US Treasury where at last, bankers would be held accountable for their actions. The Deep State Elite's petrodollar was dead, Oil Monopoly, dismantled. When announcements came about the new financial system, Stock Markets would collapse; banks fail; the old wealth, evaporate. Though, The People would thrive with the new gold/asset-backed currencies of 209 nations. The Health Industry around the World was being forced to actually help the body heal itself using light and sound frequencies of free Med Bed treatments. Trump was placing Med Beds in hospitals and other facilities worldwide. Thus, these health providers would have the tools to promote health and no longer could tear down our bodies through dependence on their expensive drugs, surgeries and other over priced medical procedures. With Trump's Thursday Executive Order that released free Med Bed treatments to the public, Big Pharma was finally facing accountability through massive legal consequences for their crimes. For centuries they had forced on the population, dependency on drugs that not only didn't heal the body, but actually contributed to ill health. Peace and Freedoms wouldn't come easy. Mr. Pool Q on Telegram said that the next 48 hours were critical. The next ten days were historic. The next 30 days would change civilization. Within the next 24 hours, seven trumpets were set to sound over every phone, tablet, TV, radio and communication device on Earth to introduce seven Emergency Broadcast System (EBS) messages in 22 languages that explained what's going on. And, what was actually going on? Liberty and Peace were winning. The Great Awakening was here. One of the Liberties that Trump had already given People of the World (that they were yet to know about) was that of good health through Med Beds. Trump's Military Alliance was opening up Med Bed Centers around the World to give free regenerative treatments that healed the body without drugs. On Fri. 17 July 2026 a nurse from Walter Reed Military Hospital leaked her testimony on Med Beds. She had worked in Walter Reed's Med Bed Wing for seven years: She contacted us through an encrypted channel 48 hours ago. Her identity has been verified by three independent sources. She worked at Walter Reed National Military Medical Center from 2017 to 2024 — in a section that does not appear on any public floor plan. She calls it “Sub-Level 3.” Situation Updates: Fri. 17 July 2026 Situation Update: Byington Bombshell Report: America Now Sovereign Under Constitutional Law – Trump Signs EO Releasing Free Regenerative Med Beds to Public | Politics | Before It's News Fri. 17 July 2026: BREAKING FREE: Mind Control, S-----c Ritual A---e, and Jenny Hill's Extraordinary Journey in Twenty Two Faces [JUDY BYINGTON] – amg-news.com – American Media Group Thurs. 16 July 2026 Situation Update (video): WTPN SITUATION UPDATE FEATURING RESTORED REPUBLIC & MORE A Quantum Space Q Phone will be provided free of charge to all people on Earth. It will be used for internet connectivity on the new Starlink Satellite System: texting, calling, banking, voting and much more, such as used as a credit tool and to make both local and international financial transactions of retail consumption and commercial business. On Thurs. 16 July 2026 Hamas freed the last living Israeli hostages, Israel released 2,000 Palestinian prisoners and the ceasefire in Iran and the Middle East was active. Fri. 17 July 2025, Edward Snowden: Two years ago today, President Trump was shot on stage in Butler Pennsylvania. Trump was putting his life on the line by being President. Since then we have seen: • 2025 security lapse at Trump National Golf Club • 2025 Air Force One security incident • February 2026 Mar-a-Lago Secret Service shooting • March 2026 Mar-a-Lago no-fly zone violation • 2026 White House Correspondents' Dinner shooting • 2026 National Mall Secret Service shooting • 2026 White House Memorial Day Weekend shooting • Multiple threats by Iran. Possible Timing: …Juan O Savin (JFK Jr.?) On Tues. 14 July 2026: GCR and QFS live in 209 nations. Tier 4B funds Med Bed networks. White Hats seize last Fed strongholds. Deep state cartel exposed hiding healing tech. Health revolution ignites! On Wed. 15 July 2026: Zim payouts build Med Bed centers everywhere. Rescued children from tunnels get instant healing erasing t-----e. Big Pharma collapses. Innocent healing begins now! On Thurs. 16 July 2026: Mass arrests hit Pentagon traitors. Med Beds confirmed with Alliance after decades hidden. Veterans and jab injured get priority. On Fri. 17 July 2026: Starlink locks EBS. Med Bed training done. Sick care empire ends. Regenerative tech restores perfect health. Humanity reclaims life! On Sat. 18 July 2026: 48-hour blackout starts. Banks dark under QFS. Supplies ready for darkness. Med Bed systems stand by. Cabal grip on health shattered! Sun. 19 July 2026 OPERATION FINAL-SEAL: Military tribunals go LIVE. 47 Deep State arrests BEGIN. Final rescues free hundreds more children. Victims to Med Beds for renewal. On Mon. 20 July 2026: Free QFS app appointments begin. At appointments, those with Humanitarian projects receive priority for Med Bed treatments. EBS tests global success. On Tues. 21 July 2026: QFS links Med Bed codes. Patriots priority access. DNA repair on. Aging reverses, diseases vanish. On Wed. 22 July 2026: Alliance rolls out Med Beds worldwide. Free for all after EBS. Children and critical first. Cancer and chronic illness gone. Golden age dawns! On Thurs. 23 July 2026 FINANCIAL RESET: Petrodollar DIES. Quantum system LIVE. Federal Reserve FINISHED. Martial Law declared. Black Hawk helicopters conduct Capitol storm drills in Washington, D.C., signaling full readiness for Martial Law enforcement. At the Same Time Global activation sequence begins. BRICS Alliance goes live alongside NESARA–GESARA implementation and full roll out of the Quantum Financial System (QFS). On Fri. 24 July 2026: EBS launches truth broadcast. Mass arrests as nightmare ends. Med Beds activate for rescued, veterans, then all. Pain ends, paradise starts! On Sat. 25 July 2026 ANNOUNCEMENT: Trump reveals 2020 election PROOF. Declassified documents. Video evidence. MASS ARRESTS: Tribunals execute verdicts. Deep State REMOVED. On Sun. 26 July 2026: NESARA GESARA gives free Med Bed access. No one left behind. Elite tech for masses. Patriots whole again. Alliance promise kept! On Mon. 27 July 2026: Trump confirms victory. QFS and Med Beds anchor Republic. No income tax, tariffs only. Deep state extinct. Health and f Possible Timing of Med Bed Activation: On Sat. 27 June 2026: The first 1,500 Med Bed units activated in hidden US facilities. Initial sessions delivered complete reversal of advanced cancers, spinal and brain regeneration, and age reversal of 20 to 40 years within two-hour treatments using quantum frequencies that interface directly with the body's intelligence and eliminate all Cabal-introduced toxins and pathogens. On Sun. 28 June 2026: Med Bed Centers in Nevada, Ohio and Georgia activated that specialized in DNA genome repair, metabolic reset eliminating obesity and fatigue, and age reversal. On Mon. 29 June 2026: Trump ordered synchronized Med Bed expansion with QFS activation, along with income tax abolition for middle class Americans. This delivered both financial and physical sovereignty to patriots. On Tues. 30 June 2026: Global deployment reaches over 8,300 Med Bed centers across 209 QFS-aligned nations. Success rates top 99 percent for previously incurable conditions. On Wed. 1 July 2026: Public registration opens via QFS portals in key regions. On Tues. 7 July 2026: Tesla Med Beds activate in secure facilities. On Wed. 8 July 2026 sources confirmed hidden technologies including Tesla Free Energy and suppressed medical advancements known as Med Beds officially began unveiling to the general public. On Fri. 10 July 2026: More QFS funded Med Bed centers activate in humanitarian hubs. Veterans from Cabal wars receive full restoration. On Sat. 11 July 2026 EBS protocols engage with Med Bed centers opening worldwide. On Sun. 12 July 2026: Med Beds opened free restoring health and youth everywhere. On Tues. 14 July 2026: 8000+ Med Bed centers activate worldwide. QFS ensures free access prioritized for awakened patriots and light workers. On Wed. 15 July 2026: First Med Beds activate in Texas, Florida bases for veterans, traumatized children. On Fri. 17 July 2026: Final calibrations complete on Med Bed units powered by Tesla free energy. On Sat. 18 July 2026: Trump confirms Med Beds as cornerstone of new sovereign QFS healthcare. QFS unlocks massive funding for over one thousand Med Bed centers globally. Starlink blocks all Cabal sabotage. Wealth transfers fuel expansion. On Sun. 19 July 2026: Miraculous cures emerge with cancer patients recovered, diseases vanishing, and age reversal visible. Suppressed tech truth explodes. Tribunals advance from Med Bed evidence exposing Cabal atrocities. Awakening surges! On Mon. 20 July 2026: Redemptions provide endless resources for Med Bed rollout everywhere. Free QFS app appointments begin. Full public Med Bed access expands. Those with Humanitarian projects receive priority. On Tues. 21 July 2026: EBS tests confirm readiness as Med Beds enter public phase under military guard. Trump calls it the ultimate defeat of deep state medical control. World awaits total health freedom! On Wed. 22 July 2026: Huge healing events launch worldwide in secure sites. Children and elderly regain vitality. Leaked footage crushes media blackouts. Arrests of medical figures escalate with swift justice for deliberate harm! On Thurs. 23 July 2026: Free global Med Beds access starts for all. Smart systems slash wait times. Longevity treatments begin. GESARA promises fulfilled as Republic rejoices and Cabal power crumbles! On Fri. 24 July 2026: Every neighborhood gets Med Bed hubs with clean energy. Tech shared globally ending health inequality. Patriots celebrate end of sickness weaponization. Deep state illness control shattered! On Sat. 25 July 2026: Global celebrations mark Med Beds era and restored Republic. Trump credits the tech for crushing Cabal remnants. Transformed citizens power the Great Awakening to final victory for patriots! On Tues. 28 July 2026: Med Beds online free worldwide. On Thurs. 30 July 2026: Starlink frequencies bring healing to remote areas instantly. On Sat. 1 Aug 2026: Trump's epic Independence event unveils Restored Republic and QFS rebirth. Freedom rings worldwide. On Mon. 3 Aug 2026: Home frequency Med Beds activate via Starlink. Instant healing 24/7 everywhere. Golden Age of Health and Abundance begins. Global Currency Reset: Judy Note: On Fri. 17 July 2026 several different sources indicated that the Admiral's Group has begun their exchanges, Tier3 Native Americans have received 90% of their monies and Bond Holders were scheduled to receive the balance of their exchange this weekend. Tier4b (us, the Internet Group) were next and expected to be notified to set exchange/redemption appointments at by the early part of next week. Fri. 17 July 2026 MarkZ: Indian Nations are 90% done exchanging. Bond Groups receive their balance this weekend. Tier4a should be finishing exchanging this next week – then Tier4b (us, the Internet Group). Fri. 17 July 2026 Med Bed Activation on Telegram: On Mon. 20 July 2026 Free QFS app appointments begin. Redemptions provide endless resources for Med Bed rollout everywhere. Full public Med Bed access expands. Those with Humanitarian projects receive priority. Thurs. 16 July 2026 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866 A source said Tier4b (us, the Internet Group) could be notified over the weekend and start exchanges Mon. 20 July. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System. Mass Arrests: On Mon. 7 July 2026 Operation Military Cleanse was activated: 847 Pentagon officials detained 234 Generals and high-ranking officers arrested 678 Military operatives removed from active duty 4,000 Troops deployed across 19 states for domestic operations 50 States coordinated simultaneously Charged With: Treason against the United States Coordination with foreign adversaries Conspiracy to overthrow the government Crimes against Humanity Violation of Military Code of Justice What We Think We Know as of Sat. 18 July 2026: Med Beds Thurs. 16 July 2026 BREAKING: TRUMP JUST SIGNED EXECUTIVE ORDER 2026-1947. MEDBED TECHNOLOGY DECLASSIFIED FOR CIVILIAN USE. THE PHARMACEUTICAL INDUSTRY HAS 90 DAYS. …Tier4b ISO 20022 on Telegram July 15, 2026. 04:00 AM EST. This was signed in silence. No press conference. No cameras. No media briefing. Executive Order 2026-1947: “Declassification and Civilian Deployment of Electromagnetic Regeneration Technology.” THE ORDER STATES: All frequency-based healing technology currently classified under Department of Defense medical programs is hereby declassified for civilian research and deployment. The FDA is prohibited from blocking, delaying, or interfering with the distribution of electromagnetic regeneration devices to the American public. Pharmaceutical companies have 90 days to disclose all suppressed clinical trials involving frequency-based treatments — or face criminal prosecution under 18 U.S.C. § 1001. Military medical facilities currently operating regeneration technology will begin civilian intake within 120 days. THE PANIC: Pfizer stock dropped 14% in pre-market trading. Johnson & Johnson emergency board meeting called at 5:00 AM. Moderna CEO sold $47 million in personal shares before market open. They KNEW this was coming. They tried to sell before the collapse. WHY NOW?: Trump's medical advisors presented him with a 3,400-page classified report documenting 61 years of suppressed frequency healing research. The report contained: — 847 successful clinical trials hidden from the public — 12,000+ patients fully cured of terminal conditions using electromagnetic frequency — Cost analysis showing MedBed treatment at $0.003 per session vs. $150,000 average cancer treatment Trump read the cost analysis. Then he signed the order. THE TIMELINE: Day 1-30: Full declassification of all research documents Day 31-60: FDA forced to approve frequency-based devices Day 61-90: Pharmaceutical disclosure deadline (criminal penalties) Day 91-120: First civilian MedBed centers open in 12 states THE DEEP STATE RESPONSE: They are already trying to k--l this. Three major media outlets received calls from pharmaceutical lobbyists at 5:30 AM demanding they do NOT report on EO 2026-1947. CNN has been silent. NBC has been silent. ABC has been silent. Their silence IS the confirmation. If this order was fake, they would be laughing at it on every channel. Instead — total blackout. Total silence. Total panic. THE TRUTH: The pharmaceutical industry just received its death sentence. 90 days. That's all they have left. After that, the technology that cures cancer in 42 minutes will be available to every American citizen. They had 61 years of profit. 61 years of human suffering. 61 years of suppression. It ends now. Fri. 17 July 2026 Fox News: MAJOR PUSH ON CAPITOL HILL: WAR ON FRAUD RAMPING UP, BILLIONS STOLEN FROM TAXPAYERS Social media investigator Nick Shirley testified today exposing rampant fraud — from Somali day care scandals in Minnesota to massive Medicaid scams in NYC with Dr. Oz. DOJ milestone: Trade Fraud Task Force hit over $1 BILLION in recoveries in under a year. Dr. Oz & others highlighting adult day care mills, fake billing, durable medical equipment scams (twice as many in parts of Florida as McDonald's), and personal care services as NYC's top “job.” This isn't red or blue, it's right vs. wrong. Hardworking taxpayers are getting robbed. Every dollar stolen is one less for real Americans. Restored Republic via a GCR Update as of Sun. 19 July 2026 by Judy Byington, On Sat. 4 July the Constitutional Republic Restored, While US Inc. Dissolved On Thurs. 16 July the Quantum Financial System Went Live Worldwide Also on Thurs. 16 July President Trump signed Executive Order 2026-1947 – a Declaration That Med Bed Technology Had Been Released to the Public. Global Martial Law Was Not Only The Only Way, But Was On It's Way The Republic of United States of America Was Being Restored Trust The Plan Save The Children _____________________________________________________ Judy Note: The Constitutional Republic has been restored. The Global Currency Reset to gold/asset-backed currency of 209 nations has been released. Med Bed technology – giving the body the ability to heal itself – was being released. The Illuminati Cabal, who for centuries had been working towards having complete control over our society, didn't like those ideas, and was fighting back big time. Trust The Plan. “On Sat. Evening 18 July 2026 the White House in Washington DC turned all red, signifying Mass Arrests were in motion.” …Q “In the coming hours, the World as we see it will be changed forever as Michael Jackson emerges on the Emergency Broadcast System – alive and ready to speak. It's time for the whole World to know the truth.” …Emergency Broadcast System on Telegram “The US Army Special Forces raided a hidden Obama property in the Virginia countryside, where they discovered “The Lucifer Codex.” The files proved that Obama was the high priest who personally opened the main hell portal under Washington DC in 2009.” …Martial Law on Telegram Temporary Martial Law has been raised to maximum alert nationwide. The EBS is preparing to release the first decoded pages within hours. Prepare for ten days of communication darkness. We are in a silent war – the final battle of the planet. In the next couple of weeks the World will change and tremble. One of the most dramatic changes: Free Med Bed Treatments will soon be available to the general public across the Globe. The non invasive treatments, which generally take under an hour, use certain wave lengths to help the body heal itself. Since 2019 the American Medical Association has been actively fighting against allowing the public to have the healing treatments, saying they will create a financial crisis to the healthcare industry and force a complete overhaul of our medical, health insurance and pharmaceutical companies. In 2019 the American Medical Association (WHO) sent an internal email to every licensed physician in America – 847,000 doctors: The email acknowledged the positive effects of Electromagnetic therapy (Med Beds), but threatened the doctors with loss of license and criminal prosecution if they used it because of the financial affects it would have on the medical, insurance and pharmaceutical industries. The Email: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement: The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures. Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” The bottom line was that your doctor knew that frequency heals, that the MedBed principle was scientifically valid, that most of what he prescribed managed symptoms, not cured disease. He cannot tell you because his license would be revoked and he would face criminal liability by the American Medical Association. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to the documented clinical effectiveness of electromagnetic frequency therapy on human disease (Med Beds). The deletion happened 14 hours after President Trump signed Executive Order 2026-1947 – a declaration that Med Bed Technology was now released to the public.The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. On a brighter side: “A senior Treasury Department official claims that the Quantum Financial System was live and the Global Currency Reset was happening now. Everything you know about money is about to change forever.” …Tier4b ISO20022 on Telegram The senior US Treasury official contacted us 48 hours ago through a secure channel. Her identity verified by six independent financial intelligence sources. She worked in Treasury's Special Financial Operations Division 2008-2026. She calls it “The Awakening.” Her words. Unedited: “July 4, 2026. U.S. Corporation dissolved. Constitutional Republic restored.” “July 16, QFS went live globally. Every major bank connected. Old system dead.” “GCR happening now. Every currency revalued. Gold-backed. Transparent.” “NESARA/GESARA implemented across 209 countries. Debt jubilee. End of Fed.” “Saint Germain Trust ($890 trillion) is being activated. Going to the people.” “I have the activation codes. I have the account numbers. I have the proof that this is happening right now. In 18 years, I witnessed:” The QFS development from concept to deployment 209 countries signing onto NESARA/GESARA The Saint Germain Trust verification ($890 trillion) The U.S. Corporation dissolution documents The Constitutional Republic restoration protocols “Trillions stolen by Fed. People enslaved by debt. We had the solution. I couldn't sleep. For 18 years.” WHY SHE'S TALKING NOW: “Activation complete. If I speak, people understand what's happening. I have 18 years of documentation. QFS architecture. Proof old system finished.” “The banks will announce the revaluation. The media will call it a crisis. It's not a crisis. It's liberation. I am ready to testify. Under oath. Before Congress. Before the world.” HER FINAL MESSAGE: “To every person who lost their home to the Federal Reserve: Your debt is forgiven. Your home is yours. The jubilee is here.” “To every person who worked their entire life for money that's about to be worthless: You will be compensated. The Saint Germain Trust is for you.” “To the Federal Reserve leadership: Your time is finished. The QFS is live. You cannot stop it anymore.” OPERATION FINANCIAL FREEDOM ✓ ACTIVATED PHASE 1: QFS Activation ✓ LIVE (July 16) PHASE 2: Currency Revaluation ⟳ JULY 25 – AUGUST 8 PHASE 3: Wealth Distribution ⟳ AUGUST 15 – SEPTEMBER 30 PHASE 4: New Economy ⟳ OCTOBER 1 The Quantum Financial System is live. The Global Currency Reset is happening. NESARA/GESARA is being implemented. The old system is dead. The new system is born. The people are being liberated. Trump knows. The military knows. The intelligence agencies know. They are protecting the transition. PREPARE FOR ABUNDANCE. PREPARE FOR FREEDOM. PREPARE FOR THE NEW EARTH. The financial reset is here. The Tier 4B activation is complete. Everything changes now. Right now Military Forces are positioning for activation of the EBS. Systems are being readied, Global shutdown protocols are in motion. The Blackout is nearing. Disclosures are on the horizon. Large scale arrest Since 2007 the US Military has been using Red Light Therapy (Med Beds) to extend the operational lifespan of it's soldiers. There were discovered to be thousands of pages of foreign IP address sending and receiving data to election precincts and servers outside the United States during the 2020 Election. CISA, DHS, the FBI, and the CIA knew all about it because they were in on it. The Deep State rot runs deep, but not for much longer. The Mar-a-Lago unredacted search warrant CONFIRMS that the Biden DOJ, FBI, and GSA engineered and manufactured the plot to frame Donald J. Trump! On Thurs. 16 July 2026 the U.S. military went deep into Iran and expanded operations. Bridges and supply routes were no more. Airports went up in smoke. Infrastructure vaporized. The IRGC was being wiped out. The goal was to destroy Iran's infrastructure and its military capability would collapse. When its military broke, its regime would fall. The old world of Iranian tyranny was dead. The New World of American dominion begins. The oil runs freely. The cash was rolling in. Peace comes. …Nesara Gesara QFS on Telegram. The CIA knew about cures for cancer 50 years ago. …Nesara Gesara on Telegram Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC A nurse from one of America's hardest-hit C---D hospitals in NYC described gross medical mismanagement where clueless healthcare workers were straight-up k-----g patients. Survival wasn't about medicine — it was about whether your caregiver actually knew what they were doing. Medicare paid hospitals MORE when patients died. The system incentivized death over life. Possible Timing: “On Sat. 18 July 2026 at 3:17 AM EST the RV/GCR exploded – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the Cabal's Federal Reserve Note collapses in real time.” …Dr. Jim Willie Patriot Truth Archive on Telegram Global Currency Reset: Sat. 18 July 2026 The dollar is dead, the reset is here, and the traitors are about to lose everything. …Patriot Truth Archive on Telegram Dr. Jim Willie just went nuclear: the United States Corporation is bankrupt, the fiat dollar has been deliberately crashed by white hats, and the quantum financial system flipped live overnight. The RV/GCR exploded at 3:17 AM EST today Sat. 18 July 2026 – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the cabal's Federal Reserve Note collapses in real time. Willie laid it out raw: The BRICS nations, led by Trump's secret alliance with Putin and Xi, just pulled the trigger. Over 209 countries locked into gold-backed currencies, the SWIFT system is offline forever, and the Rothschild central banks are being seized as we speak. NESARA/GESARA fully activated – all bank debt, mortgages, credit cards, student loans WIPED OUT starting tomorrow morning. Redemption centers on full lockdown, military guarding Tier 4B notifications going out within hours. The real bombshell? GITMO executions began at dawn – top bankers, Fed chairs, and deep state money launderers hanged for treason after the gold standard was restored. Med Beds rolling out next week, suppressed energy tech released, and the biggest wealth transfer in human history is hitting patriot accounts first. Trillions in restitution flowing to those who held the line and printed fake money. America is being shaken awake – power outages are tactical, internet blackouts cover the arrests, and the EBS is primed for the 10 Days of Darkness starting any moment. The storm isn't coming – it's here. The fake Biden corpse regime ends this week, Trump sworn in on the real Constitution, and the Republic rises from the ashes of their burned-out corporation. Anons, this is the moment we bled for. The dollar dies so we can live free. The evil empire of debt slavery is over. They stole our wealth for 150 years – now we take it all back with interest. The Hat is dropping truth like napalm: the shock is just beginning, and the cabal is screaming as their money turns to dust. Get ready for the greatest week in history. Notifications any second. Redemption appointments flood in. The Golden Age starts NOW. The shaking isn't destruction – it's liberation. Nothing can stop what's coming. Patriots are about to be richer than kings while the wicked burn. NCSWIC. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System. What We Think We Know as of Sun. 19 July 2026: Sat. 18 July 2026 Fox News: Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC “In Queens, adult day cares [have] pharmacies set up, it's this big racket where they BILL all these people with medical beneficiary numbers from seniors in the adult day cares. They make so much money from Medicaid, THEY GIVE KICKBACKS to the seniors.” “So you have these Korean and Chinese mafias, quite literally, looting the government from Medicaid, and then giving the kickbacks to the seniors!” INGRAHAM: “So wait, the old people get the money themselves?” SHIRLEY: “Well, they make so much money, these pharmacies and these little day cares, that they then have a referral program set up for these seniors. So it's like bringing a friend will give you a hundred bucks.” Med Beds Sat. 18 July 2026 YOUR DOCTOR KNOWS. HE WAS TOLD TO STAY QUIET. HERE'S THE EMAIL THAT PROVES IT. …Tier4b ISO20022 In 2019, an internal email was sent to every licensed physician in the American Medical Association network. 847,000 doctors received it. The subject line read: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement” The email contained one directive: “Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” Your doctor read that email. And then he looked you in the eye and said: “There's nothing else we can do.” THE EMAIL WAS NOT ABOUT SAFETY. Buried in paragraph 14 — the paragraph no one reads — was this sentence: “The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures.” Read that again. Slowly. They ACKNOWLEDGED it works. Then they BANNED doctors from using it. Not because it's dangerous. Because it's too effective. WHAT YOUR DOCTOR ACTUALLY KNOWS: Every physician trained after 2005 was taught — in medical school — that: Cells respond to electromagnetic stimulation (this is in every biophysics textbook) PEMF accelerates bone healing (FDA approved since 1979 for fractures) Transcranial magnetic stimulation treats depression (FDA approved 2008) Electrical stimulation regenerates nerve tissue (published in Nature, 2019) They ALREADY know frequency heals. They use it in narrow, controlled applications where pharmaceutical profits aren't threatened. But the moment you ask: “If magnets can heal my bones, can they heal my cancer?” Your doctor goes silent. Changes the subject. Writes another prescription. Because he read the email. And he chose his license over your life. THE DOCTORS WHO REFUSED TO STAY QUIET: Dr. Jerry Tennant — Published “Healing is Voltage.” Proved that every disease correlates with a measurable voltage drop in affected tissue. Restore the voltage, cure the disease. His medical license was “reviewed” three times. Dr. Dietrich Klinghardt — Documented frequency therapy curing Lyme disease in 85% of patients. Lost hospital privileges at two institutions. Dr. Thomas Lodi — Achieved 90%+ cancer remission using integrative frequency protocols. Forced to relocate his practice to Mexico. Dr. Lee Merritt — Spoke publicly about suppressed electromagnetic healing. Removed from every medical board she served on. They didn't lose their careers because they were wrong. They lost their careers because they were RIGHT — and they refused to be silent. THE MATH OF SILENCE: Average doctor salary: $350,000/year Average medical school debt: $241,000 Years to pay off debt: 13 years Cost of losing license: Everything They designed a system where speaking the truth costs a doctor their entire life's investment. 13 years of training. $241,000 in debt. Their home. Their family's security. The AMA didn't just threaten doctors. They built a financial prison that makes silence the only rational choice. Your doctor is not evil. He is trapped. But YOU are not trapped. You don't have a license to lose. You don't have $241,000 in debt holding you hostage. You have nothing to lose by knowing the truth. THE TRUTH: Your doctor knows that frequency heals, that the MedBed principle is scientifically valid, that most of what he prescribes manages symptoms, not cures disease. He cannot tell you. The email made sure of that. 847,000 doctors received one email. 847,000 doctors chose silence. The email has been leaked. The silence is over. Your doctor knew. Now you know too. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to frequency healing. …EBS activated with Trump on Telegram A digital forensics team monitoring the World Health Organization's public research database flagged a mass deletion event. 14,247 pages of archived research — removed in a single batch operation. Every deleted file had one thing in common: They documented the clinical effectiveness of electromagnetic frequency therapy on human disease. THE DELETED FILES INCLUDED: 1,847 peer-reviewed studies on PEMF (Pulsed Electromagnetic Field) therapy showing 70-94% efficacy in tissue regeneration 3,200 pages of WHO internal memos from 1998-2015 discussing “the frequency problem” — their own term for the threat that non-pharmaceutical healing posed to global health economics 6,400 pages of clinical trial data from 11 countries showing frequency-based cancer remission rates between 67-89% 2,800 pages of correspondence between WHO directors and pharmaceutical executives discussing “containment strategies” for frequency healing research HOW WE KNOW: The Wayback Machine captured snapshots of 4,100 of these pages before deletion. Digital forensics teams archived another 7,300 through automated scraping protocols that were triggered by the mass deletion event. They deleted 14,247 pages. We recovered 11,400. They failed. WHAT THE MEMOS REVEAL: A 2003 internal WHO memo — now recovered — contains this exact sentence: “If electromagnetic frequency therapy achieves mainstream clinical adoption, the global pharmaceutical revenue model becomes unsustainable within 18-24 months. Containment is not optional. It is existential.” Signed by three WHO department heads. Names redacted in the original. Digital forensics has identified two of the three. A 2011 memo is more direct: “Recommend classification of all PEMF efficacy data as ‘inconclusive' regardless of outcome metrics. Peer review panels must be briefed accordingly.” They didn't suppress the research because it didn't work. They suppressed it because it worked TOO WELL. WHY NOW: The deletion happened 14 hours after Executive Order 2026-1947 was signed – Trump's declaration that Med Bed Technology was released to the public. This is not coincidence. This is panic. The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. They are destroying evidence. In real time. Right now. But the internet never forgets. And neither do we. THE NUMBERS THEY TRIED TO ERASE: — Breast cancer: 78% complete remission using 10.5 Hz PEMF (WHO Study WH-2007-4491, now deleted) — Type 2 diabetes: 64% reversal using 7.83 Hz exposure, 30 min/day for 90 days (WHO Study WH-2012-8823, now deleted) — Alzheimer's: 41% cognitive restoration using Gamma frequency 40 Hz stimulation (WHO Study WH-2014-1157, now deleted) — Chronic pain: 91% elimination using Alpha frequency 10 Hz (WHO Study WH-2009-3340, now deleted) These are not alternative medicine claims. These are the WHO's OWN studies. Conducted with their own funding. Showing their own results. And they just tried to delete them from existence. THE QUESTION: If frequency healing doesn't work — why delete 14,000 pages at 3AM? If MedBeds are “conspiracy” — why panic after a presidential executive order? If electromagnetic therapy is “pseudoscience” — why did the WHO spend 17 years studying it and then HIDE the results? Their actions are the confession. The deletion IS the proof. They spent 20 years hiding the cure in their own database. Then they tried to burn the database. The fire came too late. We already have the files. Share this. The evidence is secured. The deletion failed. Sat. 18 July 2026 BREAKING: JAPAN JUST BECAME THE FIRST COUNTRY TO OFFICIALLY APPROVE MEDBED TECHNOLOGY FOR PUBLIC HOSPITALS. THE MEDIA BLACKOUT IS TOTAL. …Tier4b ISO20022 on Telegram July 17, 2026. Tokyo, Japan. The Japanese Ministry of Health, Labour and Welfare just issued Directive MHLW-2026-7714: “Authorization of Electromagnetic Frequency Regeneration Devices for Clinical Deployment in National Healthcare Facilities.” This is not a trial. This is not a study. This is FULL APPROVAL. Starting September 1, 2026, electromagnetic frequency regeneration chambers will be installed in 340 national hospitals across Japan. [Incomplete text due to character limit. Please see UBM website for links and full text]
What Does This Week’s Market Volatility Mean for Your Retirement Portfolio? By Tom Dupree, Founder, Dupree Financial Group Inflation cooled. The big banks beat expectations. And somehow, it was still a wild week in the market. If you’ve been watching your account balance bounce around and wondering whether any of it has anything to do with the actual value of what you own, here’s the short answer: usually not. Most of what moved the market this week wasn’t new information about businesses — it was leverage, technical trading, and forced selling. That distinction matters more for your retirement than almost anything else you’ll read this month, because it tells you when to act and when to simply hold on. This week’s episode of The Tom Dupree Show walked through four separate stories — cooling inflation, strong bank earnings, a leveraged-ETF blowup on the other side of the world, and a regulatory fight over how often companies should report earnings — that all point to the same lesson: know what you own, know why the price is moving, and don’t confuse someone else’s forced selling with your own emergency. Key Takeaways Inflation cooled to 3.5% year-over-year in June, but the Fed’s new chair has questioned whether the 2% target is even the right one — the ground rules for bonds and rate-sensitive investments could shift. Bank profits this quarter came mostly from paying less on deposits, not from a borrowing boom — a reminder that cash flow, not headlines, tells the real story. A leveraged single-stock ETF collapse in South Korea forced hundreds of thousands of retail accounts into liquidation — a case study in what daily-compounding leverage does to a portfolio. Semiconductor stocks have swung hard on technical signals, not fundamentals — which can create real opportunity for patient, long-term owners. A federal proposal to let companies report earnings twice a year instead of four times has reignited a real debate about transparency versus short-termism. Why Does the Market Feel So Unpredictable Right Now? If you’re 55, 65, or 75 and watching a retirement account that’s supposed to fund the next 30 or 40 years of your life, a week like this one is unsettling. The headlines contradict each other: inflation is cooling, but chip stocks are getting hammered one day and ripping higher the next. Banks are thriving, but somewhere on the other side of the world, hundreds of thousands of retail investors just lost their entire trading accounts overnight. It’s a lot to hold at once, and it’s reasonable to wonder whether any of it should change what you do with your own money. Here’s the honest answer: for most retirees holding a diversified, income-producing portfolio, almost none of it should. But understanding why requires pulling apart what actually happened this week — and separating the noise from the signal. What Actually Happened This Week — The Data Start with the good news. The Bureau of Labor Statistics reported that headline inflation cooled to 3.5% year-over-year in June, with core inflation (which strips out food and energy) coming in at 2.6% — both below what economists expected, and producer prices actually declined for the month. That’s a meaningfully better inflation picture than markets were braced for. But the Fed’s target isn’t necessarily fixed anymore. Kevin Warsh, who was sworn in as Federal Reserve chairman this spring, has openly questioned the assumptions behind the central bank’s longstanding 2% inflation goal and launched a broader review of how the Fed operates. For retirees who own bonds or rate-sensitive income investments, that’s not a footnote — it’s a reason to pay attention to what “the target” even means over the next few years, rather than assuming the old rules still apply. Meanwhile, bank earnings came in strong — but not for the reason most people assume. The lift came primarily from banks paying less to fund themselves (short-term deposit rates have fallen faster than the loans on their books have repriced), not from a fresh wave of borrowing. It’s a good environment for financial stocks, but it’s a funding-cost story more than a booming-economy story, and that distinction matters if you’re trying to judge whether the rally has legs. Then there’s the semiconductor sector, which has been the market’s most volatile corner. Taiwan Semiconductor, the company that manufactures the vast majority of the world’s advanced AI chips, reported June revenue up nearly 68% year-over-year, a genuinely extraordinary number driven by AI infrastructure demand. And yet chip stocks broadly have been whipping up and down for reasons that have very little to do with numbers like that one. A lot of that action is technical: when a stock breaks below a widely watched moving average, institutional trading algorithms are programmed to sell, regardless of what the underlying business is doing. That selling then triggers more selling. It looks like panic. It’s often just mechanics. The starkest illustration of what leverage does in a downturn came out of South Korea this month, where a wave of new single-stock leveraged ETFs tied to semiconductor giants Samsung and SK Hynix triggered margin calls on more than 1.2 million retail trading accounts, with roughly 320,000 to 360,000 of those accounts fully liquidated in a matter of days. These products were designed to move twice the daily price swing of a single stock — which sounds appealing on the way up and is devastating on the way down, because the losses compound daily rather than tracking the stock’s actual return over time. It’s an ocean away from Lexington, Kentucky, but the lesson travels: leverage doesn’t just add risk, it changes the math entirely. Finally, there’s a quieter but genuinely important story developing in Washington. The SEC has proposed letting public companies choose to report earnings twice a year instead of four times, a change championed by President Trump and SEC Chairman Paul Atkins as a way to reduce short-term pressure on management teams. The idea splits reasonable people: less frequent reporting could free executives to run their businesses for the next several years instead of the next ninety days, but it could also mean investors — including retirees who depend on knowing exactly what they own — get less information, less often. This week’s news cycle also included a primetime presidential address in which Trump alleged that newly declassified intelligence showed foreign interference — including from China — in the 2020 election, along with claims of voter registration fraud in Michigan. Election security officials, including the Cybersecurity and Infrastructure Security Agency, have said they’ve found no evidence that any votes were altered in past elections. Whatever your read on the speech, it fed into a broader theme running through the whole hour: how much can you trust the numbers an institution hands you, whether that’s a vote count or a government inflation report? It’s why we do our own research instead of relying solely on government statistics or Wall Street’s sell-side analysts, and it’s the same instinct that should guide how you evaluate any claim, official or otherwise. The Reframe: Manufactured Volatility vs. Real Risk Here’s the framework we come back to on nearly every episode of the show, and it’s the one thing we want you to take from this week’s news: there is a real difference between manufactured volatility and real risk, and confusing the two is one of the most expensive mistakes a retiree can make. Manufactured volatility is what happens when a stock’s price swings because of leverage unwinding, algorithmic trading around technical levels, or funds racing to exit ahead of a quarterly number — not because the underlying business got worse. The Korean ETF collapse is manufactured volatility in its purest form: a Samsung or SK Hynix shareholder holding actual shares, with no leverage, watched the same news and the same earnings power, just without the forced-selling spiral. Real risk is different. Real risk is a company losing its competitive position, cutting its dividend, or piling on debt it can’t service. Real risk should change what you own. Manufactured volatility, more often than not, should not. The trouble is that from the outside, both look identical on a stock chart. A share price falling 10% doesn’t come labeled “manufactured” or “real.” Telling the difference requires actually knowing the business you own — its cash flow, its dividend history, its balance sheet — well enough to judge whether this week’s headline changed anything about that story. That’s the diligence part of the job, and there’s no shortcut around it. How Should Retirement Investors Respond to This Kind of Volatility? At Dupree Financial Group, this is exactly why our approach centers on dividend-paying stocks and bonds rather than chasing whatever sector is moving fastest. When you own a company for the income it generates — not for a price target — a week of manufactured volatility becomes far less threatening, and sometimes it becomes an opportunity. When institutions are forced to sell a good company for reasons that have nothing to do with its fundamentals, the price drop that scares one investor is simply a better entry point for another. That’s not a guarantee of a favorable outcome — all investing involves risk, including the possible loss of principal — but it’s a fundamentally different posture than reacting to every headline. Seven Steps to Retirement-Proof Your Portfolio Against Manufactured Volatility Know what you own, line by line. Pull up your statement and be able to explain, in one sentence each, why you own every major holding. If you can’t, that’s the first thing to fix — not the market. Separate the headline from the business. Before reacting to a price move, ask whether anything actually changed about the company’s earnings, dividend, or balance sheet — or whether it’s a technical or leverage-driven move like the ones described above. Keep leveraged and single-stock ETFs out of retirement money entirely. These products are built for daily traders, not long-term holders. The Korean ETF collapse is a real-world example of what daily compounding leverage can do to an account in a matter of days. Read past the quarterly headline number. Whether or not the reporting-frequency rules change, judge a company on multi-year cash flow and dividend trends, not a single quarter’s beat or miss. Keep a watchlist of quality companies for when panic creates a discount. When forced selling knocks a good business down for reasons unrelated to its fundamentals, that’s the moment long-term investors get paid for their patience. Revisit your income plan, not just your account balance. A retirement portfolio’s job is to produce cash flow you can live on for 30 to 40 years. Judge a volatile week by whether your income stream held up — not by the number on the login screen. Get a second set of eyes on your portfolio. If you’re not sure whether what you own is built to withstand this kind of volatility, or whether you’re carrying more leverage or concentration risk than you realize, that’s exactly what a portfolio review is for. Frequently Asked Questions Is a leveraged ETF a good way to boost my retirement returns? No. Leveraged ETFs reset and compound daily, so their long-term return can diverge sharply from the underlying stock’s actual performance — including large losses even when the stock has technically risen over time. They’re built for short-term traders, not retirement accounts. Does cooling inflation mean the Fed will cut interest rates soon? Not necessarily. While June’s cooler CPI reading supports the case for rate cuts, the Fed’s new chairman has signaled openness to rethinking the central bank’s approach to its inflation target, adding real uncertainty to the timeline for any rate decisions. Why do stock prices swing so much when a company’s earnings didn’t change? Much of the day-to-day movement in popular stocks comes from technical trading, algorithmic strategies tied to chart levels, and leveraged funds being forced to buy or sell — not from new information about the business itself. That’s manufactured volatility, not real risk. What does the debate over quarterly earnings reports mean for individual investors? If the SEC’s proposal is adopted, some companies may report financial results only twice a year instead of four times. That could reduce short-term pressure on management, but it may also mean investors get less frequent, less detailed information about what they actually own. How do I know if my retirement portfolio is built to handle volatility? Start by confirming you can explain why you own every major holding and that none of your retirement money sits in leveraged or single-stock products. A complimentary portfolio review with a fee-only fiduciary advisor is the fastest way to get an honest, unbiased answer. The Bottom Line Weeks like this one will keep happening. Leverage will keep building up somewhere and unwinding somewhere else. Traders will keep reacting to chart levels instead of cash flow. What won’t change is the difference between a business that’s actually worth less than it was last week and a stock price that simply got caught in someone else’s forced selling. Learn to tell those two things apart, build your income around companies you understand, and a volatile week stops being a threat to your retirement — it starts being background noise, or even opportunity. Schedule a Complimentary Portfolio Review If you’re not sure whether your portfolio is built to take advantage of volatility like we saw this week — instead of getting knocked around by it — we’ll take a look. No charge. No pressure. Just an honest conversation about what you own and whether it’s working for you. Call: 859-233-0400 | Visit: dupreefinancial.com You Might Also Like Catch up on past episodes of The Tom Dupree Show — our full podcast archive, updated every week. Meet the team at Dupree Financial Group — learn about our fee-only, fiduciary approach and the people behind it. [PLACEHOLDER — link to a prior show notes/blog post on dividend investing fundamentals once a confirmed URL is available] About the Author: Tom Dupree is the founder of Dupree Financial Group and host of The Tom Dupree Show, heard weekly across Central Kentucky radio and podcast. With 47 years in the investment business, starting in municipal bonds in 1978, Tom built DFG’s investment philosophy around one idea: retirement money should generate income you can see, not just a balance you hope holds up. Dupree Financial Group is an independent, fee-only fiduciary Registered Investment Advisor based in Lexington, Kentucky. REGULATORY DISCLAIMER: This material is for informational and educational purposes only and does not constitute investment, legal, or tax advice, nor is it a solicitation to buy or sell any security. All investing involves risk, including the possible loss of principal. Past performance of any market index or security is not indicative of future results. Dupree Financial Group is a fee-only fiduciary and does not receive commissions on any products or securities discussed. 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Het heeft flinke indruk gemaakt: de krater bij het aandeel van IBM. Ooit was dat hét techbedrijf op Wall Street, maar nu hebben beleggers alle hoop verloren. Volgens de topman stellen klanten hun bestellingen bij IBM uit, omdat ze eerst andere AI-gerelateerde aankopen moeten doen waar ze bakken met geld aan kwijt zijn. En dat brengt zorgen met zich mee. Komt van uitstel afstel, vragen beleggers zich af. IBM is echter niet de enige die met dit probleem zou kunnen zitten, daar wijst Errol Keyner van de VEB op. Deze week moeten andere softwarebedrijven gaan bewijzen dat zij hier niet - of op z'n minst minder - door worden geraakt. Of dat gaat lukken, hoor je in deze aflevering. In Beurs in Zicht stomen we je klaar voor de beursweek die je tegemoet gaat. Want soms zie je door de beursbomen het beursbos niet meer. Dat is verleden tijd! Iedere week vertelt een vriend van de show waar jouw focus moet liggen. e gast: Errol Keyner van de Vereniging van Effectenbezitters BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.
Jordi Visser is a veteran macro investor with 30+ years of experience and the author of the VisserLabs Substack. In this conversation, we break down the AI stock slowdown, why China's new Kimi K3 model is upending the AI trade, and the hidden cultural bias baked into these systems. We also discuss the cooler inflation report, Fed Chair Kevin Warsh's early moves, bitcoin's reaction, and why robotics could be the next big AI trade.======================For a limited time, our listeners get 50% off FOR LIFE, Free Shipping, AND 3 Free Gifts at Mars Men at Mengotomars.com.======================Looking for a better place to trade? BloFin gives traders access to deep liquidity, advanced futures products for crypto AND TradFi assets, fast execution, and a clean, intuitive interface—all in one platform. To celebrate their partnership with us, they're giving away $100,000 in Deposit & Trade Rewards. Deposit, trade, and earn rewards based on your activity during the campaign. Check them out at ( https://partner.blofin.com/d/Pomp ).======================This episode is brought to you by TikTok for Business. If you run a company, your next wave of customers may already be on TikTok. With more than 200 million monthly active users in the U.S. and 51% unique reach, TikTok gives brands access to audiences they can't reach anywhere else. Learn how to turn that reach into growth at TikTok for Business ( https://anthonypompliano.splashthat.com/ )======================Arch Public is an agentic trading platform that automates investment strategies across Stocks, Commodities, ETFs and Crypto. Whether you're rotating into AI & Gold, allocating to the S&P 500, or accumulating Bitcoin, Arch Public executes your plan 24/7 without ever taking custody of your assets or funds. Sign up today at https://www.archpublic.com, and start your FREE automated trading strategy! ======================0:00 - Intro0:50 - AI stock unwind & the summer slowdown5:45 - Framework for picking AI winners7:1 3 - China's Kimi K3 & open source vs. closed models11:09 - Model routers & how many models is too many?17:46 - The hidden "cultural weights" in AI models22:37 - Inflation report & Fed reaction 32:28 - Bitcoin's reaction & crypto allocation39:26 - Nasdaq outlook & where he's avoiding45:09 - Software stocks & what is the next trade?
Mel Mattison joins Marty to dissect AI's impact on memory chips, the hyperscaler debt cycle, and the Fed's rate outlook under Chairman Warsh. The conversation swings from Korean memory stocks like Micron, Samsung and SK Hynix to macro themes such as fiscal deficits, debasement trades, gold, Bitcoin and the new “Trump accounts” tax vehicle. Listeners get a contrarian view on why AI demand may outlast hype, how free‑cash‑flow can erase debt fast, and what assets could dominate the market this decade. Mel on Twitter: https://x.com/MelMattison1 Mel's Book: https://www.melmattison.com/quoz Find the Home Mining Playbook here: https://www.tftc.io/home-mining-energy-playbook STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/yHGkvYxdqT Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Block: Cash App: For a limited time, new customers can get $21 added to their balance. Just use code TFTC10 when you sign up, and send at least $5 to a friend in the first two weeks. Terms apply. Bitcoin services by Block, Inc. See the Bitcoin disclosures at cash.app/legal/podcast. Square: Visit http://square.com/go/**tftc** for up to $200 off eligible Square hardware. Bitkey: Use code TFTC10 for 10% off the new Bitkey. Aven https://www.aven.com/bitcoin CrowdHealth https://www.joincrowdhealth.com/tftc Unchained https://unchained.com/tftc/ Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/ Disclosure: Bitcoin services are provided by Block, Inc. Bitcoin services are not licensable activity in all U.S. states and territories, and not all services are available in all states. Bitkey is not available in New York. Block, Inc. operates in New York as Block of Delaware and is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Bitcoin is a non-deposit, non-bank product that is not FDIC insured and involves risk, including monetary loss. For additional information, see the Bitcoin disclosures: https://help.cash.app/btcdisclosures Get up to $200 off Square hardware when you sign up at http://square.com/go/tftc**!** #squarepartner. Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. #squarepartner #blockpartner
Jul 17, 2026 – Robert Bryce discusses his data center rejection database, highlighting the surge in local moratoriums and project denials across the U.S., including the recent first-ever state-wide moratorium by New York. He explains the drivers...
Jul 17, 2026 – Explore how minerals and natural resources underpin modern technology, AI, national defense, and the shift to green energy. Financial Sense's Jim Puplava reveals how critical minerals drive everything from smartphones...
In this episode of The Canadian Macro Investor Podcast, Simon and Dan break down the latest Bank of Canada rate decision and monetary policy report. They discuss why the Bank of Canada held rates steady, how the bond market is increasingly driving borrowing costs, and why housing is becoming a more important risk in the central bank’s outlook. They also look at Canada’s increasingly divided housing market, with Ontario and B.C. under pressure while several other provinces continue to hit new highs. The discussion covers condo weakness in Toronto and Vancouver, the impact of unsold inventory, rental market dynamics, CMHC MLI Select, and how mortgage products and government policy are shaping real estate investment. From there, they shift to the U.S. rate outlook and why the Fed may have less room to raise rates than prediction markets or futures markets suggest. They discuss rising U.S. Treasury bill issuance, the potential role of stablecoins in creating demand for short-term government debt, and why higher inflation targets may become more politically and financially attractive over time. Finally, they dig into the AI investment boom, including new Chinese open-weight models, pressure on OpenAI and Anthropic’s business models, data centre constraints, Tourmaline’s proposed Alberta data centre opportunity, and what semiconductor drawdowns may be signaling for broader markets. Tickers discussed: TOU.TO, SMH, NVDA, TSM, AVGO, AMD, MU, ASML, META, QQQ Watch the full video on Our New Youtube Channel! Check out our portfolio by going to Jointci.com Our Website Canadian Investor Podcast Network Twitter: @cdn_investing Simon’s twitter: @Fiat_Iceberg Braden’s twitter: @BradoCapital Dan’s Twitter: @stocktrades_ca Want to learn more about Real Estate Investing? Check out the Canadian Real Estate Investor Podcast! Apple Podcast - The Canadian Real Estate Investor Spotify - The Canadian Real Estate Investor Web player - The Canadian Real Estate Investor Asset Allocation ETFs | BMO Global Asset Management Sign up for Fiscal.ai for free to get easy access to global stock coverage and powerful AI investing tools. Register for EQ Bank, the seamless digital banking experience with better rates and no nonsense.See omnystudio.com/listener for privacy information.
On the Latest First Principles, Andy Constan explains what the options market is signaling about the AI and semiconductor boom, why he believes earnings expectations have outrun the size of the economy, and where the next risks may emerge. We discuss speculative call buying, single-stock volatility, AI capital spending, consumer dissaving, the Fed put, Kevin Warsh's monetary policy framework, and the looming reset of US tariffs.Topics covered:* Why parabolic moves in AI infrastructure and semiconductor stocks may reflect a speculative bubble* What rising single-stock volatility and unusually low market correlations reveal beneath a calm index* Why out-of-the-money calls became more expensive than puts and what that says about investor positioning* How investors can hedge concentrated stock gains by selling calls and buying protective puts* Why the AI bubble may be hiding in earnings expectations rather than traditional valuation multiples* Andy's economic pie framework and why projected corporate profits may exceed the GDP available to support them* How AI competition, open-source models, job displacement and subsidized token usage affect the return on AI investment* Why capital spending and consumer dissaving are supporting economic growth, and where those drivers could weaken* Whether the Federal Reserve could eventually buy equity ETFs and the inflationary consequences of a permanent Fed put* How lower short-term rates and a smaller Fed balance sheet could rebalance Main Street and Wall Street* Why expiring Section 122 tariffs could create a near-term shift in inflation, growth and the federal deficitTimestamps:00:02 Why the options market is flashing a warning on AI stocks04:02 Extreme stock dispersion beneath a calm market08:49 The signals of a speculative call-buying frenzy13:00 How to hedge a stock position without calling the top18:36 Why earnings expectations may be the real AI bubble23:00 The economic pie cannot support every company's forecasts27:00 AI job displacement and the widening gap between winners and losers31:59 How capital spending and consumer dissaving are sustaining growth36:00 When the return on AI investment starts to matter40:26 Could the Fed buy stocks in the next financial crisis?44:53 How Kevin Warsh might respond when markets and employment collapse48:58 Lower rates, a smaller balance sheet and wealth inequality52:59 The tariff deadline investors may be overlookingLearn more about the Excess Returns podcast network:https://excessreturns.coNo information discussed in this podcast should be construed as investment advice. Securities discussed may be held by the hosts and guests, their firms or their clients.
In this episode of The Wrap with Chris Whalen, Chris breaks down a blockbuster week of bank earnings — and why the record numbers mask a growing problem. Wall Street trading and investment banking revenues are exploding, but banks aren't making money on money, as asset yields fall for a sixth straight quarter and private credit giants like Apollo poach deals. Whalen flags roughly $4 trillion in bank exposure to non-depository financial institutions, warns "there are no regulators in Washington" watching the risks, and says the housing market's business-purpose loan boom "feels like 2005." He sticks with his double-digit inflation call, arguing diesel — not oil — is the real story, and predicts fuel shortages, maybe even rationing, before the midterm elections. Plus: Kevin Warsh's Greenspan-style Fed debut, gold's selloff as a buying opportunity, viewer questions on Annaly, and a World Cup prediction.Thank you to our sponsor, Monetary Metals. Learn more at https://www.monetary-metals.com/THEWRAP/Links: The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/ The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira869Twitter/X: https://twitter.com/rcwhalen Seeing Around Corners book: https://www.theinstitutionalriskanalyst.com/product-page/seeing-around-corners-achieving-success-in-business-and-life-hardcoverUse the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricingTimestamps:0:00 — Intro and welcome 00:55 Bank earnings and oil prices soar as Middle East war reignites2:36 — Bank earnings disconnect: Wall Street booms, lending shrinks3:55 — Why big deals keep going to private credit (Apollo, Blackstone)5:59 — The hidden risk: banks lending directly to private credit funds9:06 — The $4 trillion exposure — "no regulators watching the hen house"10:07 — The "Everything Bubble": rising rates, falling yields, record home prices12:06 — Kevin Warsh's Greenspan-style Fed: "inflation is a choice"14:40 — Rate hike odds cool — will the Fed wait until after midterms?15:42 — Energy shortages building: why the Trump administration stays quiet16:45 — Double-digit inflation call stands; possible rationing by Election Day17:53 — Iran destroyed Gulf refining capacity — years to rebuild21:52 — Housing: sales fall 2.4%, median price hits record high23:14 — "It feels like 2005" — DSCR and non-QM loans flash warning signs27:19 — Gold selloff: why Chris is buying more (especially silver)29:37 — Viewer Q: How rates affect Annaly (NLY) — it's all about the spread31:03 — Viewer Q: Warsh's 2% target vs. $80 oil — a double whammy?32:27 — Chris's World Cup prediction: Argentina
The S&P 500 is up about 10.2% this year. That average is hiding one of the most lopsided markets in a decade: energy up 28%, communication services negative, and the Magnificent Seven — the stocks that carried the market for three years — collectively underwater.In this week's Money On Tap, Ben Brayshaw and Dan Michelon go beyond the index, sector by sector. They walk the 2026 scoreboard — energy +28.1%, technology +26.8%, industrials +16%, with a 30-point gap between the top and bottom sectors — and unpack the year's most important story: the broadening of the market, with 46.3% of S&P companies now beating the index itself, up from 30.5% last year. Then the mechanics most investors never see: why seven stocks absorb a third of every dollar in a standard S&P fund, why the SPY and QQQ share 8–9 of their top 10 holdings, and why your "diversified" ETFs may be the same bundle of stocks in different wrappers. They close with the Fed's looming rate decision — hike odds jumped from 26% to 73% in one month — and the five durable themes they're watching for the second half.What you'll learn:The 2026 sector scoreboard: all 11 sectors ranked, from energy's +28.1% to communication services' −3.1%The broadening of the index: why 46.3% of S&P companies are beating the index — a decade-plus firstWhy the Mag Seven flipped from engine to anchor (Microsoft down 20%+), and what the index looks like without themThe ETF overlap trap: cap weighting, 35–55% in the top 10, and wrappers around the same stocksWhat a Fed rate hike would do to sector leadership — winners and losers under both scenariosBuffett's warning: "a church with a casino attached," and why down doesn't mean cheapThe dials for outperforming: sector weighting, security selection, valuation discipline, income, cash, and tax managementTaking gains on purpose: the sequence-of-returns lesson in 2026's −4.3% Q1 and +15.2% Q2Five second-half themes: electrification, defense, nuclear renaissance, the aging population, and the infrastructure rebuildPlus Money In The News:73% odds of a Fed rate hike by September — up from 26% just a month earlier — and the two culprits behind itWarren Buffett: it's tough to find value "when everybody is preferring gambling"Blockbuster stock sales — SpaceX's record $75B IPO, Alphabet's $85B raise, SK Hynix ADRs — and whether $500B of new equity can overwhelm the bull marketRead the companion blog: https://www.brayshawfinancial.com/blogSchedule a free consultation: https://app.greminders.com/t/9f3ce72e/initialconsultaBrowse the full Money On Tap library: https://www.brayshawfinancial.com/money-on-tapContact UsPhone: 855-226-8551Email: info@yourmoneyontap.comOffice: 116 South River Road, Bedford, NH 03110Web: brayshawfinancial.comSecurities and advisory services offered through Osaic Wealth, Inc., member FINRA/SIPC. All other services offered through Brayshaw Financial Group, LLC are independent of Osaic Wealth, Inc. Index and sector performance figures are as of the air date and subject to change. Past performance is not a guarantee of future results.If the S&P 500 is up 10%, why isn't my portfolio?Because the S&P 500 is cap-weighted: seven stocks absorb about a third of every dollar, and the top 10 holdings make up 35–55% of most S&P funds. In 2026 those mega-caps lagged — the Mag Seven are collectively negative — while sectors like energy (+28.1%) and technology (+26.8%) led. If your ETFs overlap in the same top names, you own the laggards several times over. The fix starts with knowing what you actually own.
Group Chat News is back with the hottest stories of the week. The guys wrap the World Cup and get into the stories everyone's talking about — Kai Cenat's Streamer University getting a million applications, the betting markets that now let you wager on everything from flight delays to presidential speeches, Delta stripping down business class, and the sinkhole that swallowed one of LA's busiest streets. This week's Group Chat covers: World Cup wrap — Spain vs Argentina, corporate ticket takeovers, and why game times were a miss A 100-year-old water main breaks and opens a sinkhole on Sunset Blvd, shutting down the heart of West Hollywood Fanatics Fest takes over NYC — the $90 million spend and the new all-in-one sports app projected to do $14 billion Why American sports franchises are the new safe asset class — "I'd rather own a football team than US Treasuries" The collectibles boom, GameStop's bid for eBay, and cards as the new art market Betting on everything — Polymarket, flight delay markets, and the Trump teleprompter scandal The Bryce Harper, FanDuel and Cameo controversy explained Delta launches Basic Business — business class up to $1,000 cheaper, but no lounge, no food, no perks IShowSpeed becomes the face of the World Cup and the biggest content creator on Earth Kai Cenat's Streamer University — one million applications, 120 spots, and why kids want it more than Harvard Inflation finally cools — CPI and PPI come down, and Marc Andreessen joins the new Fed task force The Ozempic economy — grocery sales fall, snacking declines, and the lightening of America And much more! Drop us a 5-star rating and a review if you're rocking with the show.
Adam White, Jace Lington, and Bennett Nuss analyze the recent Supreme Court decisions in Trump v. Slaughter and Trump v. Cook, focusing on the implications for executive power, administrative agency independence, and the future of administrative law. Adam White in SCOTUSblog Aditya Bamzai & Aaron Nielson on the Fed and Article II at The Cornell […]
David Hunter says stocks have another 30% of upside left — and then the biggest crash since 1929. This week the veteran contrarian returns with his most specific targets yet. David lays out the melt-up he's been calling for, the global bust he thinks follows it, and the staggering amount of money he believes central banks will have to print to dig us out. He also shares his gold and silver targets, and gives his honest (and bearish) read on Bitcoin. We discuss: His targets: S&P: 10,000, Nasdaq: 36,000, Dow: 70,000, Russell: 4,000 — and why he just raised them Why he sees an 80% bear market coming, not a normal recession The $20 trillion the Fed may be forced to print Why 25% inflation could hit by the early 2030s Gold to $7,000, silver to $200 — then far higher next cycle His bearish Bitcoin call — and what would change his mind The one signal he watches to know the top is in Whether you agree with David or not, few people lay out a case this clearly. Follow David Hunter on X: https://x.com/DaveHcontrarian ---- Order my new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU ---- Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie and use code COINSTORIES10 for 5,000 free sats after your first transaction. ---- Ledn is the global leader in Bitcoin-backed loans, issuing over $10 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Get .25% off your first loan, learn more at https://www.Ledn.io/natalie ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners: Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie ---- Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL ---- Extra Services to Consider: Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie Ditch your fiat health insurance like I did four years ago! Join me at CrowdHealth: www.joincrowdhealth.com/natalie ---- This podcast is for educational purposes and should not be construed as official investment advice. Ads in this episode are baked-in and may reference promotions or offers that are no longer available at the time of listening. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing
The White House has proposed new tariffs on 60 countries that allegedly aren't doing enough to ban forced labor. Domestic businesses, already burned from last year's trade war, are bracing for more hurt. In this episode, companies weigh early orders against rising costs. Plus: Recent positive inflation data could convince the Fed to hold interest rates steady, Kroger buys Giant Eagle in ongoing effort to unseat Walmart as the supermarket market-share king, and parents sacrifice to put their kids through youth sports.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Read the stories from today's episode: Retailers map out tariff strategiesThe Fed digests an optimistic week for economic dataTraditional supermarkets are struggling. Kroger hopes its Giant Eagle merger will helpBusiness Botox: What it takes to sell a luxury homeYouth sports have turned into a five-figure-a-year commitment for many parents
On Tuesday's Mark Levin Show, the infiltration of America by Islamists and jihadis is really in full force, and no one seems to be doing anything about it. Michigan Democratic Senate candidate Abdul El-Sayed's father-in-law, Jukaku Tayeb, is a top donor to his super PAC and a longtime leader on ISNA's founding committee and CAIR Michigan president—both groups are co-conspirators in the Holy Land Foundation terror-financing trial that funneled millions to Hamas, tied to the Muslim Brotherhood mothership responsible for groups like Al Qaeda, ISIS, and Hamas, and funded by Qatar and Turkey. Why do Democrats tolerate these ties? Later, Jack Smith is a loathsome rogue prosecutor who abused his office by covertly reading text messages from 44 lawmakers and Trump administration officials between October 2020 and December 2021. This contradicted Smith's sworn congressional testimony in December denying he accessed such message contents. Republican Senators need to pursue criminal charges and a DOJ Public Integrity investigation with evidence of the false testimony. Also, consumer prices fell sharply in June, with the CPI dropping 0.4% from May—the largest decline since 2020—thanks to relief at the gas pump and broad disinflation, far exceeding economists' forecast. This strong report is attributed to Trump administration fiscal policy rather than the Fed. While media coverage is muted despite the economy's top voter priority, costs are steady or declining nationally, though high prices persist in Democrat-led blue states due to their high taxes and policies. Afterward, Lindsey Graham was a remarkable statesman, principled leader, and humanitarian who stood out among senators for his character, humor, and unwavering defense of U.S. allies and oppressed peoples. Graham was no warmonger. He supported Israel, Ukraine, Taiwan, and the Persian people against tyrants and aggressors. He will be deeply missed. Learn more about your ad choices. Visit podcastchoices.com/adchoices