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According to Bix Weir of Road to Roota, the United States has been on a covert path back to the constitutional gold and silver standard since the 1981 Gold Commission, a secret initiative under Ronald Reagan to dismantle the fiat money scam and restore sound money as mandated by the Constitution. Weir decodes the Federal Reserve's cryptic 1981 comic "Wishes and Rainbows," re-released in 2007, as a roadmap—"The Road to Roota"—outlining the transition from "Grey Flowers" (fiat currency) to "Colorland" (a redeemable gold-backed system), complete with hidden U.S. gold reserves in places like the Grand Canyon to fuel the reset. He argues this plan accelerates under figures like Donald Trump, who is leveraging massive undisclosed gold stashes to collapse the manipulated markets and implement a new gold/silver coin standard via the U.S. Mint, where silver could skyrocket to match gold at a 1:1 ratio, freeing Americans from endless inflation and debt slavery. Central to this liberation is abolishing the Federal Reserve, the "BIG player" Weir identifies as the root of global economic hatred toward the West, with its computer-driven manipulations since Alan Greenspan's era propping up a dying fiat blip; Trump, per Weir, is crashing the [CB] system through engineered chaos, paving the way for constitutional money where every citizen can redeem notes for physical gold and silver, ending the Fed's reign and restoring true freedom. Weir's scathing exposés paint JP Morgan Chase as the epicenter of silver market rigging, with CEO Jamie Dimon—derisively dubbed "Jamie Demon" for his demonic role in financial crimes—leading a cabal that has suppressed silver prices through massive COMEX shorts and derivative slams, all while cashing out ahead of the inevitable squeeze that could drain their "house silver" vaults dry. This manipulation ties directly to Epstein Island scandals, where Weir reveals JP Morgan and Deutsche Bank facilitated the financier's criminal network, enabling cash flows for trafficking that intertwined elite bankers like Dimon with the island's depravities; exposing Epstein's client list, including Dimon's inner circle, would unleash uncontrollable silver demand as the rigged system's veils tear away, crushing the bullion banks and vindicating Weir's long-warned "Silver Alert" for a monetary rebellion.
Bitcoin's first red October in 7 years has people asking — is the bull run over? Dante Cook breaks down why this dip means nothing, why Jamie Dimon still won't admit Bitcoin's reality, and why the next generation has no choice but to turn to Bitcoin. From tokenized gold to collapsing fiat, this one hits hard.SPONSORS✅ Lednhttps://www.nmj1gs2i.com/9W598/9B9DM/?source_id=podcastSimply Bitcoin clients get 0.25% off their first loanNeed liquidity without selling your Bitcoin? Ledn has been the trusted Bitcoin-backed lending platform for 6+ years. Access your BTC's value while HODLing.
Jamie Dimon just flipped on Bitcoin—but it's not the full story. While the $4.6T JPMorgan CEO appears to be changing his tune, there's a much bigger play, which he quietly admitted. Here's what he's not telling you—and why it matters now more than ever.BOOK private one-on-one sessions with BITCOIN MENTOR! Learn self custody, hardware, multisig, lightning, privacy, running a node, and plenty more - all from a team of top notch educators that I've personally vetted.https://bitcoinmentor.io/—------------------------------FOLLOW BTC Sessions on X: x.com/BTCsessions—------------------------------SHOW SPONSORS:BITCOIN WELL BUY BITCOINhttps://qrco.de/bfiDC6COINKITE/COLDCARD (5% discount):https://store.coinkite.com/promo/BTCSessions AQUA WALLEThttps://qrco.de/bfiD8gNUNCHUK HONEYBADGER INHERITANCEhttps://qrco.de/bfiDARHODLHODL NO KYC P2P EXCHANGEhttps://hodlhodl.com/join/BTCSESSIONDEBIFI LOANShttps://qrco.de/bfiDCp#btc #bitcoin #crypto
✔️ Hopium: Golden Week, Saylor, Ricardo Salinas,Jamie Dimon, The FED, Wicked's Chart ✔️ Paper Bitcoin Summer: Nordea ✔️ Mining Win!✔️ Fail: Simplex Chat✔️ Cool Stuff: Lightning Piggy Bank, Board Game✔️ Sources: ► https://x.com/cointelegraph/status/1983560946212651162?s=52&t=CKH2brGypO5fEYTgQ-EFhQ ► https://x.com/cointelegraph/status/1983655330664857994?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/btc_archive/status/1983921549699629244?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/w_s_bitcoin/status/1983808011551510591?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://www.nordea.com/en/news/nordea-to-offer-customers-access-to-an-exchange-traded-product-tracking-bitcoin► https://x.com/bitcoinnewscom/status/1983888493760729597?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://investingnews.com/canaan-inc-wins-4-5-mw-mining-server-contract-supporting-japan-s-power-grid-stability/► https://x.com/bitcoinnewscom/status/1983867123756835087?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/btc_archive/status/1983923477397565512?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/lightningpiggy?s=11&t=CKH2brGypO5fEYTgQ-EFhQ► https://www.lightningpiggy.com/ ► https://x.com/bitcoinnewscom/status/1983955225988808936?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://x.com/ageofbitcoin_bg/status/1983836415537639766?s=52&t=CKH2brGypO5fEYTgQ-EFhQ► https://coinfomania.com/venezuela-to-integrate-bitcoin-and-stablecoins-into-banking-system/✔️ Check out Our Bitcoin Only Sponsors!► https://archemp.co/Discover the pinnacle of precision engineering. Our very first product, the bitcoin logo wall clock, is meticulously machined in Maine from a solid block of aerospace-grade aluminum, ensuring unparalleled durability and performance. We don't compromise on quality – no castings, just solid, high-grade material. Our state-of-the-art CNC machining center achieves tolerances of 1/1000th of an inch, guaranteeing a perfect fit and finish every time. Invest in a product built to last, with the exacting standards you deserve.► Join Our telegram: https://t.me/theplebunderground#Bitcoin #crypto #cryptocurrency #dailybitcoinnews #memecoins The information provided by Pleb Underground ("we," "us," or "our") on Youtube.com (the "Site") our show is for general informational purposes only. All information on the show is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on the Site. UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SHOW OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SHOW. YOUR USE OF THE SHOW AND YOUR RELIANCE ON ANY INFORMATION ON THE SHOW IS SOLELY AT YOUR OWN RISK.
David Ellison focuses on finance and fintech, arguing that the field is undergoing a period of rapid change. He thinks there are a lot of worries in the industry right now, post-Jamie Dimon's “cockroach” comments. However, he also thinks that it's a “safe place to be” and the valuations are “not that crazy” relative to other areas. His fintech picks include Coinbase (COIN), Block (XYZ), and PayPal (PYPL).======== 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
Investors are too sanguine after shrugging off recent debt-market distress, according to Crossmark Global Investments. “My key concern is the complacency,” Victoria Fernandez, the firm’s chief market strategist, tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jean-Yves Coupin in the latest episode of the Credit Edge podcast. “Jamie Dimon talks about the cockroaches, but the investors don’t seem to care,” Fernandez says. They also discuss opportunity and risk in the build-out of AI infrastructure, health-care bond spreads, private credit troubles and the performance of values-based investments.See omnystudio.com/listener for privacy information.
If you thought we'd never see a repeat of the GFC or even the dotcom bubble, think again... So far financial markets have proved remarkably resilient to the geopolitical shocks and uncertainty brought about by Trump 2.0, but economists are warning that this could be largely thanks to an AI bubble that is artificially propping up the US economy. Geraldine Doogue and Hamish Macdonald discuss the growing fears of what happens if and when this bubble bursts and how Australia is particularly exposed to a downturn through our superannuation system. Then Geraldine sits down with the acclaimed Irish economist and author David McWilliams to put this moment in historical perspective and get his frank assessment of what comes next. Get in touch:We'd love to hear from you! Email us at global.roaming@abc.net.auFind all the episodes of Global Roaming now via the ABC Listen App or wherever you get your podcasts.
Vik Malhotra, McKinsey senior partner and coauthor of CEO Excellence and A CEO for All Seasons, examines the strategic pressures that now define the CEO role: a "30- to 40-year tech revolution," intensifying geopolitics, shifting consumer behavior, and demographic change. As he notes, "every business at some level is a tech business," and this multipolar, fast-changing environment places a premium on leaders who can "thread the needle" between paradoxes, short-term delivery versus long-term reinvention, legacy versus disruption, and analysis versus decisiveness. The conversation connects these macrotrends to practical leadership mechanics, how to set direction, allocate scarce resources, and design institutions that can learn, adapt, and scale without losing their core. Key strategic insights and takeaways Set an audacious, persistent north star. "The very best leaders set bold, some might say audacious, aspirations early in their tenure," Malhotra explains. Through downturns and market noise, they "persevere" and repeat a few priorities "until the organization internalizes them." Consistency, not novelty, creates credibility and followership. Treat resource allocation as a hard choice. "Capital, expense, and talent, it's a zero-sum game," he recalls from his interview with Jamie Dimon. Great CEOs "starve something" to fund their boldest bets and resist spreading resources "like peanut butter." Make culture operational and selective. Effective leaders focus on one or two levers that reinforce strategy, Satya Nadella's emphasis on a growth mindset at Microsoft being a prime example. They design rituals, incentives, and role modeling that embed new behavior. Build a star team, not a team of stars. As one CEO told Malhotra, "This is not about a team of stars, it's about a star team." Complementary strengths, mutual accountability, and candor matter more than individual brilliance. Institutionalize continuous learning and reinvention. Exceptional leaders avoid the "sophomore slump." They systematize learning—internally by seeking dissent and externally by "looking around corners." "You can never be complacent," Jamie Dimon told him. "You've got to keep pushing forward." Operate as a technology-native company. "Every company is a tech company," Malhotra insists. Technology must be business-led, embedded in cross-functional product teams, and scaled deliberately beyond experimentation, especially in AI. Anticipate nonmarket shocks. Leading teams now run geopolitical and demographic scenarios "to understand how the company might have to pivot." This preparedness extends to smaller firms "thrust into geopolitics" for the first time. Distinguish between experimentation and bet-the-company decisions. Leaders should allow "rapid, cheap failure" to learn quickly, but apply exhaustive risk management to the few "truly consequential, bet-the-company" decisions. Here are some free gifts for you: Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach McKinsey & BCG winning resume free download: www.firmsconsulting.com/resumepdf Get Exclusive Episode 1 Access of How to Build a Consulting Practice: www.firmsconsulting.com/build Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Gold just defended the $4,000 line while silver flirted with $49, but beneath the headlines, the real action is happening in the vaults and trading desks. From JPMorgan's bullish gold thesis to a massive 27-million-ounce silver drain, the setup for precious metals has rarely looked this dramatic. Even JPMorgan's CEO Jamie Dimon is hinting at five-figure gold “$10,000 gold makes sense”, and that's not a man known for hyperbole. Listen this week's update now to catch the inside story before the next big move hits.
Right About Now with Ryan Alford Join media personality and marketing expert Ryan Alford as he dives into dynamic conversations with top entrepreneurs, marketers, and influencers. "Right About Now" brings you actionable insights on business, marketing, and personal branding, helping you stay ahead in today's fast-paced digital world. Whether it's exploring how character and charisma can make millions or unveiling the strategies behind viral success, Ryan delivers a fresh perspective with every episode. Perfect for anyone looking to elevate their business game and unlock their full potential. Resources: Right About Now Newsletter | Free Podcast Monetization Course | Join The Network |Follow Us On Instagram | Subscribe To Our Youtube Channel | Vibe Science Media SUMMARY In this episode of "Right About Now," host Ryan Alford interviews Les Csorba, author of "Aware: The Power of Seeing Yourself Clearly." They discuss the crucial role of self-awareness in leadership and personal growth, drawing on Les’s experiences with leaders like George H.W. Bush, Jamie Dimon, Elon Musk, and Warren Buffett. The conversation explores the traits of highly self-aware leaders, the challenge of people-pleasing, and the importance of balancing empathy with accountability. Les also shares practical tools for developing self-awareness, emphasizing its impact on effective leadership and meaningful relationships. TAKEAWAYS Importance of self-awareness in leadership and personal development Insights from working with prominent leaders, including U.S. Presidents and top executives Characteristics of highly self-aware leaders The balance between confidence and humility in leadership The impact of empathy on effective leadership Common blind spots in leaders, such as people-pleasing tendencies The role of self-awareness in fostering accountability and business outcomes Examples of self-aware leaders like Elon Musk and Warren Buffett The relationship between self-awareness and objectivity in polarized environments Resources for enhancing self-awareness, including a self-awareness scorecard
Inflation report likely solidifies Fed rate cut this month The September Consumer Price Index, also known as CPI, showed inflation climbed 3% year over year for both the headline and core numbers. Core CPI, which excludes food and energy, came in better than both the estimate and the previous month's reading; both stood at 3.1%. It was a surprise to get this data with the government shutdown, but since it is used as a benchmark for cost-of living adjustments in benefit checks by the Social Security Administration it was a rare economic point in an otherwise quiet period. Energy, which provided such a benefit to the headline number for many months, has started to reverse course as it climbed 2.8% compared to last year. Gasoline was a small benefit as it was down 0.5%, but energy services climbed 6.4% thanks to an increase of 5.1% for electricity and an increase of 11.7% for utility gas service. What I would look to as tariff impacted areas, has still remained quite muted considering apparel prices fell 0.1%, new vehicles were up just 0.8%, and food prices had maybe thehardest hit with an increase of 3.1%. Much of this came from food away from home, which was up 3.7%. Food at home saw a more muted increase of 2.7%. Shelter inflation remained above the headline and core numbers at 3.6%, but it is much less problematic than it was in prior periods. Another positive was owner's equivalent rent climbed 0.1% compared to the prior month, which was the smallest month over month increase since January 2021. Overall, this report likely produced enough evidence for the Fed to cut rates at this month's meeting as odds stood above 95% after the inflation annoucement. The likelihood for a December cut also initially climbed to 98.5% following the report. The bank earnings from last week had some surprising undertones. Overall, the third-quarter report from the big banks showed things are pretty much going along OK. But then a couple of the big banks brought up the issue of private credit and some bankruptcies that led to write-downs. Jamie Dimon, the CEO of JPMorgan Chase, pointed out that even though he said he probably should not say it that "if you see one cockroach, there are probably more." Some smaller financial institutions like Zions Bancorp and Alliance Bancorp took a $50 million charge and $100 million charge respectively due to potentially fraudulent loans. The issue here is commercial banks have been making loans to nonfinancial depository institutions or NFDIs and I point out that this type of funding is not very transparent for investors to see what is going on behind the scenes. I was surprised to learn that these NFDIs now account for roughly 1/3 of commercial and industrial loans originated by large banks. One may think if you're invested in AI companies, you're safe but research has shown that even your deep pocket players of AI are funding investments with these private loans. As time passes, the more I read, the more I become concerned about what we don't know about leverage in this economy. Risky investing behavior continues to amaze me! Many people will point out that we have missed the boat on crypto, but I continue to worry about the space long term as there is no true way to value what these cryptocurrencies are worth. While this is a major concern for our firm, I would say leverage in the space is another major risk. A big problem is the rules and regulations and ultimately the transparency in the space is not as clear as when you invest in public equities. I was blown away reading an article on CNBC by how crazy the leverage can be, and I bet most investors have no clue about it. While there are ways to leverage crypto in the US, the offshore market is where things get wild! Offshore, decentralized exchanges Hyperliquid offer maximum leverage of 40-times for bitcoin and 25-times for ether and Binance Labs-linked Aster offers as much as 100x leverage, depending on the token. Leverage is so dangerous because if a decline comes and investors need to unwind a position it can create a cascade of selling that leads to massive losses. It is not just the crypto market where people are gambling though. We saw a return to meme craziness with Beyond Meat producing massive gains of 128% Monday and 146% Tuesday. On Wednesday, the stock at one point produced another triple-digit intraday gain, but it ended up closing down 1% on the day. I also saw a nuclear power development company by the name of Oklo have a sizeable pullback after the Financial Times noted the 500% advance in 2025 and $20 billion market value has come despite “no revenues, no license to operate reactors and no binding contracts to supply power.” These are examples of pure gambling and examples like these typically come during frothy times before reality hits and big pullback comes. Financial Planning: The real cost of financial mistakes When it comes to financial wellbeing, avoiding mistakes can be even more powerful than chasing great decisions. Too often, people lose ground not from lack of opportunity, but from unforced errors. Drawing retirement income without tax strategy can quietly cost thousands in extra taxes or Medicare premiums. Holding too much cash or being overly aggressive both expose you to risk, one to inflation, the other to unrecoverable losses. Maintaining investing discipline sounds simple but emotional reactions like selling when markets fall or chasing what's hot can destroy more wealth than poor returns ever could. Many homeowners also miss out by not structuring their mortgage correctly resulting in more short-term fees, long-term interest, and missed investment returns. The key isn't perfection; it's recognizing that protecting yourself from big mistakes is often the best investment you can make. When making a financial decision, do your best to get your information and advice from accurate and unbiased sources so you can fully understand the impact of the decision. Companies Discussed: The Progressive Corporation (PGR), Bank of America Corporation (BAC), ManpowerGroup, Inc. (MAN) & Snap-on Incorporated (SNA)
Quando c'è uno scarafaggio, probabilmente ce ne sono altri. È il monito del CEO di JPMorgan, Jamie Dimon, per far capire quanto il sistema bancario americano sia più fragile di quanto vogliano farci credere. Solo due anni fa sono crollate banche come Silicon Valley Bank e First Republic, ma oggi nuove crepe tornano a farsi sentire. Le banche regionali USA sono sedute su centinaia di miliardi di perdite non realizzate e su 2.700 miliardi di prestiti immobiliari commerciali, un settore che secondo Morgan Stanley potrebbe crollare del 40%. A questo si aggiungono frodi, prestiti “ombra” e un eccesso di rischio nascosto nei bilanci. Mentre JPMorgan aumenta le riserve e si prepara alla tempesta, altre banche scelgono la strada opposta, riducendo gli accantonamenti pur di spingere i profitti. Il risultato è un sistema spaccato, dove la fiducia regge tutto ma basta un piccolo shock per far vacillare l'intera impalcatura. In questo video analizzo i dati reali, i rischi del credito privato e gli indicatori chiave da monitorare per capire se le crepe si trasformeranno in un nuovo terremoto finanziario.
Venezuela partjainál érdekes dolgok történnek mostanában. Egyre többen vélik úgy, hogy nem pusztán a drogszállító hajók elleni amerikai támadásokról van szó mostanában, hanem mintha a Monroe-doktrína elvei kezdenének érvényesülni. Mindeközben kilenc egymást követő emelkedő hetet produkált az arany, az ellentétes pályán mozgó bitcoin eközben 3 és fél hónapos mélypontra esett. A korábban megfigyelt korrelációk közül egyre kevesebb él mostanság, az amerikai részvénypiacon is a technológiai behemótok terén egy igazi páternoszter üzemel. Az Nvidia például nem tud felállni az október 10-i nap eséséből, miközben minden OpenAI együttműködőt úgy vesznek, mintha nem lenne holnap. Jó volt Jamie Dimon sejtése: ahol van egy csótány, ott van több is. Jónap Richárd, Móró Tamás és Tunkli Dániel beszélgetése. Olvass minden nap a világ történéseiről egy Concorde-os szemüvegén keresztül: https://www.concordeblog.hu/Kövess bennünket minden csatornánkon:https://www.linkedin.com/company/concordecsoport/https://www.instagram.com/concordecsoport/https://www.facebook.com/concorde/https://www.youtube.com/@concorde_csoport
JPMorgan Chase's massive $3 Billion headquarters, the tallest all-electric skyscraper in New York City, is now open. Meanwhile, Jamie Dimon unites with the big Bank lobby to end Coinbase interest yields on stablecoins.~This Episode is Sponsored By Coinbase~ Buy $50 & Get $50 for getting started on Coinbase➜ https://bit.ly/coinbasePBN00:00 Intro00:06 Sponsor: Coinbase00:25 JP Morgan $3 Billion Skyscraper00:52 No Cockroaches?01:32 Built on Fees01:53 Executives Kiss Jamie's Ass03:03 Paul Vomits Inside03:19 People Voting For Zohran03:45 Jamie Wants To Be More Corrupt04:37 Bank Lobby is Massive05:28 Banks vs Coinbase Yields06:02 Fed Agrees With Banks06:45 Fed Summit: Banks United Against Yields08:04 We getting Rug-Pulled?08:52 Eric Trump wants to kill banks09:53 Banks vs DeFi10:18 $RLUSD Yields10:55 Ripple Bank License in 7 Days11:29 Jamie vs Brad Garlinghouse11:55 outro#Crypto #bank #XRP~Banks Unite Against Crypto Yields!
Frykten for en aksjeboble i det amerikanske aksjemarkedet gjør at det ikke skal mye til for at investorene reagerer.Aksjemarkedene verden over stupte fredag på nyheter om konkurs i et amerikansk selskap Tricolor (som ingen hadde hørt om før) som lånte ut penger til bilkjøp. Det er to viktige årsaker til at denne konkursen skapte frykt i markedene. 1. Selskapet er en av den stadig voksende andelen selskap som låner ut penger utenfor det ordinære banksystemet, såkalt private credit. Kan private credit være det nye subprimelånet?2. Den mektige sjefen i JPMorgan Chase. Jamie Dimon, la seg flat når han måtte fortelle om at selskapet gikk på et tap på 170 millioner dollar i Tricolor-konkursen. Ydmykhet er sjelden vare hos mektige banktopper, og når han i tillegg sa at «når du ser en kakerlakk, er det trolig flere», så spredte frykten seg for at en ny finanskrisen kunne oppstå hos amerikanske kredittinstitusjoner. Dette snakker vi om ukens episode av Finansredaksjonen, en podkast som lages av DN. Hosted on Acast. See acast.com/privacy for more information.
Join the conversation with C4 & Bryan Nehman. CCBC Professor John Dedie filled in for C4 this morning. John & Bryan kicked of the show this morning discussing the latest with the government shutdown. Gov. Wes Moore was nearly brought to tears with his comments on the shutdown. There was another No Kings rally; what was the takeaway from this rally? Is Bob Ehrlich considering another run for Maryland Governor; John and Bryan break down his chances against current governor Wes Moore. The CEO of JPMorgan Chase, Jamie Dimon, wants everyone back in the office. Harford County Executive Bob Cassily joins the show. Listen to C4 & Bryan Nehman live weekdays from 5:30 to 10am on WBAL News Radio 1090, FM 101.5 & the WBAL Radio App!
With a rate cut from the US central bank now almost guaranteed, we break down what it actually means and why the Fed is also quietly ending its multi-billion-dollar balance sheet tightening.Meanwhile, Wall Street's heavyweights, J.P. Morgan, Morgan Stanley, Goldman Sachs and BlackRock just posted monster earnings. We unpack why deal-making is back, what Jamie Dimon's "cockroach" comment means for private credit, and how Morgan Stanley reclaimed its equity throne.Finally, silver? It just hit a 45-year high, driven by a short squeeze that's forcing traders to fly silver bars across the Atlantic. Literally.From central bank policy to commodity chaos this is your one-stop weekly debrief to make sure you're on top of all things markets.(00:00) Intro & Themes in Focus(04:25) Fed Cut Locked & Loaded(09:12) Understanding QE & QT(21:12) Wall Street's big comeback(23:09) J.P. Morgan Credit Problem(27:56) Private Credit Warning(32:26) Morgan Stanley's Stellar Performance(37:01) Goldman's Huge Quarter(40:06) GS Job Cuts Amid AI Adoption(43:27) BlackRock's £13.5trl Boom(47:12) Silver Gets Short Squeezed*****Find out more about our work in attraction, training and assessments via world-leading simulation technology www.amplifyme.comStudent interested in Global Markets? Try our free Finance Accelerator simulationWant to train with Anthony and the team in London this December? Check out the Finance Bootcamp
Wij moesten zelf lachen om de titel, maar als je aandelen Novo Nordisk hebt (of Eli Lilly) dan lach je niet. President Trump vindt namelijk dat de prijzen van afslankmedicatie te hoog is en eist een gigantische prijsverlaging. Waardoor nu vooral de prijs van een aandeel daalt.Deze aflevering hebben we het over de actie van Trump. Wat betekent dit voor de marges van die bedrijven? En is er nog een sector waar Trump zich niet mee bemoeit?Ook gaat het over Nexperia. De week begon met de chipmaker en eindigde er mee. De Nederlandse overheid stelde het bedrijf onder curatele, waarop de Chinese regering een exportverbod instelde. Een beslissing die inmiddels zo'n beetje alle autobouwers op de wereld raken. Hebben we het ook over: De kwartaalcijfers van Basic-Fit. Dat groeit zelf niet, maar het trekt wel meer klanten aan De Europese beurs. De Duitse bondskanselier wil één grote aandelenbeurs De Amerikaanse shutdown, die inmiddels een echte shitdown is Jamie Dimon die naar Europese banken kijkt. Of toch niet? See omnystudio.com/listener for privacy information.
Ignacio Vacchiano, country manager en Iberia de Leverage Shares, analiza el momento de las Bolsas y del mercado americano. China asegura que no ha revivido las tensiones comerciales con Estados Unidos después de sus restricciones con las tierras raras. Desde Pekín aseguran que ha sido el propio Trump el que ha revivido estas tensiones. En concreto, en el país asiático apuntan que fue la decisión de Washington de expandir las restricciones a las empresas chinas lo que hizo que vuelva al foco este desencuentro comercial entre ambos países. “China tenía muy pensada la reacción de Donald Trump”, asegura el invitado. Las caídas en varios bancos regionales arrastran a los índices. Zions Bancorporation ha informado de un cargo adicional de 50 millones de dólares tras descubrir "aparentes tergiversaciones e incumplimientos contractuales" con dos préstamos comerciales. El valor ha bajado un 13% en Bolsa. Western Alliance por su parte ha caído más de un 10% después de presentar una demanda contra el prestatario Cantor Group V. Esto ha disparado las alarmas y despierta la desconfianza de la calidad crediticia del sector. El country manager en Iberia de Leverage Shares ha recordado las palabras del jueves del CEO de J.P Morgan, Jamie Dimon, que aseguró que en la presentación de resultados “ comentó en su rueda de prensa hemos visto una cucaracha y cuando ves una cucaracha significa que hay más o posibilidad de que haya más”. Sin datos macroeconómicos públicos, sí que tuvimos la encuesta de la FED de Filadelfia, cayó a -12,8, peor de lo previsto. El Shutdown sigue afectando a la publicación de los datos. “Es muy relevante porque la Fed ahora mismo sería como que está conduciendo o navegando a ciegas, se tiene que estar basando en datos de empresas privadas y esa falta de datos realmente como que puede ser un problema para la Fed”, afirma Ignacio Vacchiano.
Peter Schiff analyzes gold's surge, critiques Jamie Dimon's admission on gold's rationality, and discusses the impending dollar crisis.This episode is sponsored by Policygenius. Head to https://policygenius.com/gold to compare free life insurance quotes from top companies and see how much you could save.In this episode of The Peter Schiff Show, host Peter Schiff delves into the pressing realities of today's economic landscape, highlighting Jamie Dimon's recent admission regarding gold's significance in investment portfolios. Schiff discusses the meteoric rise of gold and silver, drawing parallels to historical economic shifts reminiscent of the 1970s. He provides critical insights into the dollar's declining status, the implications of global economic changes, and the stark contrast between gold and Bitcoin. As the market dynamics evolve, Schiff emphasizes the urgent need for investors to reconsider their positions, particularly as the risks associated with Bitcoin become increasingly apparent. Tune in for a comprehensive analysis that challenges mainstream narratives and reinforces Schiff's steadfast belief in the enduring value of gold.Chapters:00:00 Introduction and Opening Remarks00:55 Gold's Meteoric Rise and Media Attention01:56 Silver's Performance and Investment Advice03:55 Historical Context: 1970s vs. 2020s05:37 The Dollar Standard and Global Economic Shifts07:21 Jamie Dimon's Admission and Rationality of Gold09:56 Gold's Future and Wall Street's Realization20:31 Current Market Update and Urgent Investment Advice22:33 Comparing Gold and Bitcoin23:46 Fed Policies and Historical Perspectives25:05 China's Trade and Economic Position30:53 Bitcoin's Decline and Market Manipulation37:01 Closing Remarks and Upcoming Events34:27 Alan Greenspan's Perspective on Gold35:27 The Case for Investing in Gold Stocks38:53 China's Trade Dynamics and the US Relationship43:52 Bitcoin's Decline and the Rise of Gold01:00:01 Conclusion and Upcoming EventsFollow @peterschiffX: https://twitter.com/peterschiffInstagram: https://instagram.com/peterschiffTikTok: https://tiktok.com/@peterschiffofficialFacebook: https://facebook.com/peterschiffSign up for Peter's most valuable insights at https://schiffsovereign.comSchiff Gold News: https://www.schiffgold.com/newsFree Reports & Market Updates: https://www.europac.comBook Store: https://schiffradio.com/books#goldinvestment #bitcoincrash #marketupdateOur Sponsors:* Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Boll & Branch: https://boilandbranch.com/SCHIFF* Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.comPrivacy & Opt-Out: https://redcircle.com/privacy
With one quote, JP Morgan's CEO Jamie Dimon created a mini-firestorm even if in this case, anyway, he was just saying what everyone is thinking. On JPMs earnings call yesterday, Dimon reportedly said, “I probably shouldn't say this but when you see one cockroach there are probably more” in relation to the bankruptcies that have popped up recently. 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---------------------------------------------------------------------------------------------------------------------Bloomberg Powell Signals Another Cut as Weak Hiring Pressures Unemploymenthttps://www.bloomberg.com/news/articles/2025-10-14/powell-signals-another-cut-as-weak-hiring-pressures-unemploymentBloomberg Private Credit Investors Sour on Funds as Rate Cuts Hurt Payoutshttps://www.bloomberg.com/news/articles/2025-10-09/private-credit-investors-sour-on-funds-as-rate-cuts-hurt-payoutsBloomberg Blue Owl Chief Points to Bank Loans for Dimon Cockroach Warninghttps://www.bloomberg.com/news/articles/2025-10-15/blue-owl-chief-says-look-to-banks-loans-for-dimon-s-cockroacheshttps://eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU
In the latest corporate integration with OpenAI, consumers can now shop at Walmart directly through ChatGPT. Internet analyst Mark Mahaney discusses the impact of corporate and AI partnerships and the future of the online landscape. In a wide-ranging interview, Silicon Valley investor and founder Brad Gerstner, CEO of Altimeter Capital, shares his perspective on China, the AI and chips arms races, and interest rates. Plus, soybeans and cooking oil are caught in the middle of the U.S.-China trade war, and Jamie Dimon has weighed in on AI. Mark Mahaney - 16:06Brad Gerstner - 25:24 In this episode:Brad Gerstner, @altcapJoe Kernen, @JoeSquawk Becky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinCameron Costa, @CameronCostaNY Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
DAMIONCEOsSayingStuffIn our 'Hey Ma, put down your Word Search, I found a CEO that isn't intentionally trying to hold Americans back. Tell Dad!' headline of the week. Jeff Bezos warns Gen Z to think twice before dropping out of college to become the next Bill Gates or Mark Zuckerberg: ‘These people are the exception' In our 'CEO haunted by inequality ghost she personally feeds' headline of the week. Best Buy's CEO says growing spending power gap between affluent and poor ‘keeps me up at night'In our 'Breaking News: Jamie Dimon bravely warns world about things being complicated' headline of the week. JPMorgan CEO Jamie Dimon Says There's a 'Heightened Degree of Uncertainty'In our 'Economy feels great, say men who own it' headline of the week. There's a shocking disparity between how high-income and low-income earners feel about the economyIn our 'Meta removes Facebook page where billionaire discovers sharing' headline of the week. As billionaire wealth soars $33 trillion, Mark Cuban says it's time for workers to receive a cut of their employers' success in the form of stocks MATTIn our 'The SEC, which has steadily been rolling back regulations, finally moves to strengthen protections for investors... wait, what? This is in the PHILLIPINES? THEY have an SEC??' headline of the week. Analysts see stronger transparency from SEC's proposed ownership disclosure rulesIn our 'The Phillipino SEC combines investor protections with rollbacks on shareholder proposals... Oh, wait... This is the SEC in AMERICA?' headline of the week. SEC Chair Speech Could Spell Death Knell for Non-Binding Shareholder ProposalsIn our 'In his speech, SEC chair Paul Atkins aimed to get back to 2007. I mean, 2007 was pretty good, but I feel like we should aim higher. Like 1999! That year was so good Prince wrote a song about it! 1972 was pretty good, too. And remember 1881? Does anyone know if anything bad happened the next year for any of these years?' headline of the week. The Rules of Investing Are Being Loosened. Could It Lead to the Next 1929?In our 'Even Antarctica is anti-woke' headline of the week. Researchers find methane leaking out of cracks in Antarctic seabedIn our 'I mean, where will they even find one? Finding merit in the meritocracy is HARD...' headline of the week. Disney ‘to hire white actress' after woke furyDAMIONBigTechBabyBroTsarsIn our 'Zuck bans the pitchfork emoji for inciting peasant rebellion' headline of the week. Meta removes Facebook page allegedly used to target ICE agents after pressure from DOJ In our 'AI finally achieves consciousness, immediately tries to sell you toilet paper' headline of the week. Walmart teams with OpenAI to let shoppers buy products through ChatGPTIn our 'College dropout forms safety council to protect world from thing he built' headline of the week. OpenAI forms expert council to bolster safety measures after FTC inquiry In our 'OpenAI promises safety, just as soon as it finishes monetizing danger' headline of the week. OpenAI unveils “wellness” council; suicide prevention expert not includedCrazyTimeIn our 'This headline speaks for itself' headline of the week. DOJ seizes $15 billion in bitcoin from massive ‘pig butchering' scam based in CambodiaMATTIn our 'In the book of Thiel, chapter 2, verse 14, Jesus said "AI is the anti-antichrist, and the antichrist is probably Greta Thunberg, so thou must build the AI to stop a 22 year old Swedish environmental activist lest she save a single whale." But I much prefer the book of Andreessen, chapter 1, verse 17, where the Lord decreed, "Thouest should wash the feet of the billionaires, for without them, you could not put dog ears on your selfies or cyber stalk 14 year old girls."' headline of the week. Audio of Peter Thiel's Secret Antichrist Seminar Just LeakedIn our 'If a tree falls in a forest and no one is there to hear it, does Sam Altman worry about it?' headline of the week. Sam Altman Says If Jobs Gets Wiped Out, Maybe They Weren't Even “Real Work” to Start WithIn our 'If Sam Altman worries about a sexy AI chatbot, does it grow a penis?' headline of the week. Sam Altman says ChatGPT is getting into erotica by the end of the yearIn our 'If a Gavin Newsom allows AI to have a penis, does a Sam Altman get a billion dollars?' headline of the week. Gavin Newsom Vetoes Bill to Protect Kids From Predatory AIIn our 'If a Jamie Dimon says so, does a sexy AI with a penis have a 30% chance to ruin the economy?' headline of the week. Jamie Dimon gets real on AI, sees stocks ‘in some form of bubble territory'
For financial journalist Elizabeth MacBride, the New American economy is like the old one - only worse. Describing it as the “Frankenstein version of neo-liberalism”, MacBride explains that business has overtaken government to create ever-more-powerful bankers like Larry Fink and Jamie Dimon. But all is not lost. In her upcoming new book, Capital Evolution, co-authored with the VC Seth Levine, MacBride argues that there's a new consensus taking shape - what she calls “Dynamic Capitalism” - which balances profits with purpose. So if we can get beyond today's neo-liberal Frankenstein moment, she promises, America will be able to address the great 21st-century challenges of inequality and climate change. I have to admit I'm not convinced. Rather than capital evolution, I see the growing political power of Wall Street players like Dimon and Fink. We shall see. But when a Wall Street CEO like Jamie Dimon announces $10 billion bets on national security (as he did early this week), it's no surprise that the loudest calls these days are for revolution rather than evolution. Nor is it surprising that a 21st century version of Frankenstein - Mary Shelley's apocalyptic 1818 warning about the destructive consequences of industrialization - will be appearing on Netflix next month. 1. Business Has Overtaken Government in Power and InfluenceMacBride argues that CEOs like Jamie Dimon and Larry Fink now wield more power than most elected officials, yet remain fundamentally unaccountable. When Dimon announces $10 billion investments in national security, the lines between Wall Street and Washington have clearly blurred—perhaps irreversibly.2. We're Living in a “Frankenstein Version of Neo-Liberalism”The current system isn't classic neoliberalism but a corrupted mutation where government has been “co-opted and turned into a tool for punishing people.” The small-government ideology has created not freedom but a punitive state that serves corporate interests while abandoning its regulatory role.3. “Dynamic Capitalism” Requires Long-Term Sacrifice—But Who's Really Sacrificing?MacBride believes trauma from climate change, inequality, and COVID is creating willingness for short-term sacrifice for long-term stability—similar to the post-WWII generation. But as the interviewer notes, when titans like Dimon and Fink talk about sacrifice, they only get richer. The question remains: whose sacrifice?4. Trust Is the Currency of the New Economy—And It's in Short SupplyIn an age when institutions have weakened, MacBride advocates “trust but verify” as the operating principle. She argues figures like Dimon and Fink are “generally trustworthy” even if not “morally authoritative.” The interviewer's skepticism about figures like PayPal's Dan Schulman highlights how fragile this trust actually is.5. New Coalitions Are Forming, But Revolution May Trump EvolutionMacBride sees evidence of consensus-building around stakeholder capitalism and long-term thinking, particularly among Democrats after their electoral losses. But her optimism about “capital evolution” may be wishful thinking when the loudest calls are for revolution, not gradual reform.Keen On America is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe
I am worried about the global economySimon Jack, BBC Business Editor speaks to global financial titan Jamie Dimon. He's the Chief Executive and Chairman of JP Morgan Chase, America's largest bank, and one of the biggest banks in the world. He oversees more than $4 trillion of assets, and has the ear of world leaders.He believes we are living in a time of uncertainty, and is concerned about the impact on the global economy. The risk of a serious fall in the US stock market within the next two years is being underestimated, he claims, adding he is far more worried about this than others. But he still puts his faith in the American economy, saying it is the best in the world. And while he says the United States is now a “less reliable” international partner, it is thanks to the actions of President Trump that other NATO members have stepped up their spending on defence. Such investment he believes is essential, in a world more dangerous since the Russian invasion of Ukraine.Jamie Dimon has been at the helm of JP Morgan Chase for nearly twenty years. Now he has been tipped as a potential US Treasury Secretary, something he says is not on the cards.Thank you to the Big Boss Interview team for their help in making this programme. The Interview brings you conversations with people shaping our world, from all over the world. The best interviews from the BBC. You can listen on the BBC World Service, Mondays and Wednesdays at 0700 GMT. Or you can listen to The Interview as a podcast, out twice a week on BBC Sounds or wherever you get your podcasts.Presenter: Simon Jack Producers: Oliver Smith, Lucy Sheppard Editor: Justine LangGet in touch with us on email TheInterview@bbc.co.uk and use the hashtag #TheInterviewBBC on social media.
JPMorgan Chase (JPM) posted strong earnings that included commentary from CEO Jamie Dimon suggesting the economy stayed resilient despite softness. The stock still slid on Tuesday's session alongside most of the market. Marley Kayden takes a closer look at the big bank's earnings while Tim Biggam offers an example options trade.======== 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 – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featured Jamie Dimon just made his biggest bet yet—and it's not on Wall Street. In this episode:JP Morgan's plan to invest $10 billion directly into defense, AI, and energy companiesThe creation of a $1.5 trillion fund to secure America's supply chains and critical mineralsWhy Dimon says the U.S. has become “too reliant on unreliable sources” like ChinaHow this changes global markets—and could upend commodity prices overnightThe hidden danger: corporate collusion, inflated contracts, and the return of the $50,000 Pentagon toiletThis move could either rebuild America's industrial base—or become the next big taxpayer-funded boondoggle
Voor de banken die het cijferseizoen aftrapten was het een start om over naar huis te schrijven. Vorig kwartaal wisten ze monsterwinsten te halen uit hun investeringstakken, maar nu hebben ze een nieuwe inkomstenbron gevonden. Er werd voor meer dan 1 biljoen dollar aan deals gesloten afgelopen kwartaal. En die banken haalden daar een aardige zak geld uit. Tegelijkertijd geven ze wel een waarschuwing. Want alle gevaren die er een paar maanden geleden nog boven de markt hingen, die zijn er nog steeds. Wat betekent dat voor de rest van de kwartaalcijfers? Dat hoor je in deze aflevering. Eén set resultaten lijkt in ieder geval in orde te zijn. Samsung geeft alvast aan dat ze afgelopen kwartaal de grootste winst in drie jaar tijd maakten. Een opluchting, na zware jaren voor het bedrijf. En een opluchting die de Zuid-Koreanen te danken hebben aan een hernieuwd geloof in de geheugenchipmarkt. Die chips zijn essentieel voor AI, zo denken beleggers. En dat betekent: groene koersen. Verder hoor je nog het vervolg op het Nexperia-debacle. Het Nederlandse kabinet greep in bij de chipmaker omdat er tal van misstanden zouden rond de Chinese CEO. Nu blijkt uit rechtbankstukken dat de VS wel degelijk op die ingreep heeft aangestuurd, en komt ook naar buiten wat die misstanden dan allemaal zouden zijn geweest.See omnystudio.com/listener for privacy information.
The real path to understanding the Jeffrey Epstein scandal has always been through the money trail, not the headlines. Forget the flight logs and the gossip; the truth is buried in wire transfers, offshore accounts, and the banks that made his lifestyle possible. Institutions like JP Morgan and Deutsche Bank weren't just passive observers—they were the arteries of his operation, moving, cleaning, and protecting the cash that bought him influence and silence. Every payment, donation, and “investment” was a breadcrumb leading back to the people who enabled him, the ones who used wealth to hide their involvement and distance themselves when the walls started closing in.Because money doesn't lie—people do. The ledgers, the trusts, the financial filings—they're the fingerprints no one can wash off. That's why so much effort went into sealing records, cutting massive settlement checks, and painting Epstein as an isolated monster. But the paper trail tells a different story: a web of bankers, politicians, and institutions that thrived off the same rot. Epstein wasn't the source of corruption—he was its broker. And if you truly want to know who was involved, you don't chase the headlines or photos—you follow the money.to contact me:bobbycapucci@protonmail.comsource:Epstein records requested from Jamie Dimon, bank CEOs
Morse code transcription: vvv vvv Kate warns too much screen time damages family life Hungarian author Laszlo Krasznahorkai wins Nobel Prize for Literature Grimsby man owed 6k council tax after 100 bill spiralled Race and religious hate crime rises in England and Wales, figures suggest Pubs could stay open longer under licensing reforms JP Morgan boss Jamie Dimon sounds warning on US stock market fall What we know about the first phase Gaza peace deal Water bills to rise further for millions after appeal Victoria Beckham Netflix documentary I almost lost everything in fashion business British teen Bella Culley case delayed to reach plea bargain
The real path to understanding the Jeffrey Epstein scandal has always been through the money trail, not the headlines. Forget the flight logs and the gossip; the truth is buried in wire transfers, offshore accounts, and the banks that made his lifestyle possible. Institutions like JP Morgan and Deutsche Bank weren't just passive observers—they were the arteries of his operation, moving, cleaning, and protecting the cash that bought him influence and silence. Every payment, donation, and “investment” was a breadcrumb leading back to the people who enabled him, the ones who used wealth to hide their involvement and distance themselves when the walls started closing in.Because money doesn't lie—people do. The ledgers, the trusts, the financial filings—they're the fingerprints no one can wash off. That's why so much effort went into sealing records, cutting massive settlement checks, and painting Epstein as an isolated monster. But the paper trail tells a different story: a web of bankers, politicians, and institutions that thrived off the same rot. Epstein wasn't the source of corruption—he was its broker. And if you truly want to know who was involved, you don't chase the headlines or photos—you follow the money.to contact me:bobbycapucci@protonmail.comsource:Epstein records requested from Jamie Dimon, bank CEOsBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.
Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture IMF panicking, global debt is getting out of hand and there is no event people will know that debt destroyed the economic system. D's are trying to push the shutdown to cause an economic event to blame on Trump. Jamie Dimon predicts a market crash. Trump's new parallel economic system is about to take off, Trump's says gas prices will go below $2 a gallon. The D's are trapped, the shutdown is not working the way they thought. The people are on the side of Trump and team. Schiff projects on how the insurrection might start. Are they planning a [FF]? Trump has now trapped the D's/[DS] with peace. Trump is shutting down their endless wars. He is weakening the [DS]. Leverage is the key. Economy IMF issues global debt warning Global public debt will exceed the size of the world economy within five years, IMF chief Kristalina Georgieva warned on Wednesday, calling the trend a “sobering reality” for policymakers worldwide. Public debt refers to the total debt held by governments, businesses, and households. Georgieva said the surge in borrowing is driven by fiscal deficits, pandemic legacies, and rising interest costs in both advanced and emerging economies. Source: rt.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Consumer Sentiment Cracking Amid Gov't Shutdown; 17% Of Americans Delay Major Purchases, Survey Redfin conducted a survey last Friday - just several days into the shutdown - that found 17% of respondents are delaying major purchases, such as a home or vehicle, because of the political turmoil in Washington, D.C. Roughly one in six (17%) Americans are delaying a major purchase like a home or car because of the federal government shutdown, according to a new Redfin survey. Another 7% are canceling plans for a major purchase altogether. The majority of Americans (65%) said the government shutdown has no impact on their purchasing plans. Source: zerohedge.com JPMorgan's Jamie Dimon warns of potential stock market correction Jamie Dimon, chief executive of JPMorgan Chase & Co., has sounded the alarm for financial professionals and investors, warning that the stock market may be overdue for a correction. Dimon's remarks, made in an interview with the BBC during a visit to the UK, reflected his growing unease about the durability of the current bull market. The banker, whose views are closely watched by financial professionals, said there is a “30% chance of a correction,” citing a confluence of risks facing the economy and markets. “I'm far more worried than others,” Dimon said, underscoring his concerns about persistent inflation, rising interest rates, and geopolitical instability. Source: investmentnews.com IRS to Furlough Nearly Half Its Staff in Shutdown Week 2 The IRS will furlough nearly half of its workforce on Wednesday as part of the ongoing government shutdown, according to an updated contingency plan posted to its website. Most IRS operations are closed, the agency said in a separate letter to its workers. Source: newsmax.com https://twitter.com/KobeissiLetter/status/1976343261556908094 Political/Rights
In a BBC interview, the head of America's largest bank, J P Morgan, has warned that US stock markets do not currently reflect the level of risk of a serious fall. Jamie Dimon said he was "far more worried than others" about a major market correction. China has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. And the price of silver hit its highest level in decades. The metal reached more than $50 an ounce. Presenter: Sarah Rogers Producer: Ahmed Adan Editor: Justin Bones
The real path to understanding the Jeffrey Epstein scandal has always been through the money trail, not the headlines. Forget the flight logs and the gossip; the truth is buried in wire transfers, offshore accounts, and the banks that made his lifestyle possible. Institutions like JP Morgan and Deutsche Bank weren't just passive observers—they were the arteries of his operation, moving, cleaning, and protecting the cash that bought him influence and silence. Every payment, donation, and “investment” was a breadcrumb leading back to the people who enabled him, the ones who used wealth to hide their involvement and distance themselves when the walls started closing in.Because money doesn't lie—people do. The ledgers, the trusts, the financial filings—they're the fingerprints no one can wash off. That's why so much effort went into sealing records, cutting massive settlement checks, and painting Epstein as an isolated monster. But the paper trail tells a different story: a web of bankers, politicians, and institutions that thrived off the same rot. Epstein wasn't the source of corruption—he was its broker. And if you truly want to know who was involved, you don't chase the headlines or photos—you follow the money.to contact me:bobbycapucci@protonmail.comsource:Epstein records requested from Jamie Dimon, bank CEOsBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Wake up with Sean Farrington to get all the latest in the world of business. The Institute of Chartered Accountants in England and Wales says UK business confidence hit its lowest level in three years in the third quarter. The BBC's Business Editor Simon Jack sits down with Jamie Dimon, CEO of JP Morgan Chase. And Sean's been speaking to Stephen Critchlow of Evergreen Life, which has been described as the fastest-growing tech company in Britain.
Chuck Zodda and Mike Armstrong discuss the ongoing government shutdown and how air travel disruptions are adding pressure. AI can transform the economy and still be a bubble. What are the downsides of a 30-year mortgage? Even Tesla fans are slamming the EV makers cheaper models. Startups are staying private longer thanks to alternative capital. Jamie Dimon says there's a 30% chance of a correction: ‘I'm far more worried than others'
Jamie Dimon, Chairman and CEO of JPMorgan, is the biggest name in global banking. He has a hotline to world leaders, and what he says matters. In a wide-ranging Big Boss Interview with BBC Business Editor Simon Jack, he shares his concerns about a frothy market fuelled by money boarding the AI hype train. He also admits that the USA has become a less reliable partner due to President Trump's use of tariffs, but says NATO is a stronger force thanks to the current administration. However, he warns that the war in Ukraine has changed the world.Timecodes: 00:00 Simon Jack on Jamie Dimon 03:55 Interview starts 05:30 Why invest in the UK 08:45 Frothy markets and AI 15:00 USA less reliable partner 21:00 Ukraine war changed the world 25:58 Tariffs and inflation 30:00 President Dimon?
Het IMF, Jamie Dimon, de centrale bank van Engeland. Iedereen is opeens bang. De een waarschuwt voor een AI-bubble (zelfs vergelijkingen met de Dotcom-crisis zijn geen taboe meer), de ander vindt dat aandelen te duur zijn. Maar waar ze het allemaal over eens zijn: er komt een correctie aan. De beurs krijgt een tik!Hoe jij je klaar maakt voor die correctie, dat vertellen we je in deze aflevering. Verder hebben we het over de slechtste beursdag ooit van Ferrari. De autobouwer leek lang niks fout te kunnen doen bij beleggers, maar vandaag kwam daar een einde aan. Het aandeel werd gedumpt en dat vanwege de lange termijnplannen van het bedrijf.Meer auto's komen voorbij, want we hebben het ook over Tesla. Dat heeft de toezichthouder achter zich aan. Dat moet onderzoeken wat er met de zelfrijdende functie aan de hand is. Dat ging al meerdere keren mis in de VS (met meerdere gewonden tot gevolg).In Duitsland gaat het ook mis, maar dan met de gehele autosector. De bondskanselier, zijn minister van Financiën en alle baasjes uit de autosector komen bij elkaar om met oplossingen te komen voor de problemen. En problemen, daar hebben de Duitsers er veel van.Ook is het cijferseizoen in de VS weer van start gegaan! Delta en PepsiCo trappen af. En we hebben het over een nieuw directielid van ASML. See omnystudio.com/listener for privacy information.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon talks about the growth of AI and how it's being used at the bank. Dimon shares his thoughts on the US government shutdown and the problems with reporting quarterly earnings. Dimon spoke to Bloomberg's Tom Mackenzie in London.See omnystudio.com/listener for privacy information.
Are You Missing Out on Real Estate's Best-Kept Secrets? Imagine investing in properties where: Tenants fix their own roofs You can boost income with a few tech upgrades Most investors are too scared to even look This episode reveals two underground real estate niches that could change your wealth strategy forever: Mobile Home Parks and Parking Lots Special Guest: Kevin Bupp, an investor with over $1 BILLION in real estate transactions under his belt shares how everyday investors are building wealth in places others overlook. Grab your FREE real estate investment white papers and unlock hidden wealth strategies at InvestwithSunrise.com Resources: Text FAMILY to 66866 Call 844-877-0888 Visit FreedomFamilyInvestments.com/GRE Show Notes: GetRichEducation.com/574 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Keith Weinhold 0:00 Welcome to GRE. I'm your host. Keith Weinhold, talking about first mobile home park investing and then investing in parking lot assets. What makes them profitable? What gets investors excited about mobile home parks and parking lots? What are the risks and what's the future of both of these real estate asset classes? All with a terrific guest today on get rich education. Keith Weinhold 0:28 You know, most people think they're playing it safe with their liquid money, but they're actually losing savings accounts and bonds don't keep up when true inflation eats six or 7% of your wealth. Every single year, I invest my liquidity with FFI freedom family investments in their flagship program. Why fixed 10 to 12% returns have been predictable and paid quarterly. There's real world security backed by needs based real estate like affordable housing, Senior Living and health care. Ask about the freedom flagship program when you speak to a freedom coach there, and that's just one part of their family of products, they've got workshops, webinars and seminars designed to educate you before you invest. Start with as little as 25k and finally, get your money working as hard as you do. Get started at Freedom family investments.com/gre or send a text now it's 1-937-795-8989, yep, text their freedom. Coach, directly. Again, 1-937-795-8989, Corey Coates 1:40 you're listening to the show that has created more financial freedom than nearly any show in the world.This is get rich education. Keith Weinhold 1:56 Welcome to GRE from Burlington, Vermont to Burlington, Washington and across 188 nations worldwide. I'm Keith Weinhold, and you are inside get rich education. We are all firmly in the fall season. Now, autumn, if you prefer. And as we often do, we're discussing residential real estate investing today, but it's two different and distinct niches within that, and I guess they both have to do with wheels, as it turns out, mobile home parks in the first part of the show and then parking assets later today. I think there's a compelling future use case for at least one of those two to speak to our international audience for a moment, but this will actually help clarify things for you. If you're a North American too, though it's called a mobile home, well, it doesn't really have that much to do with wheels. There might not be any wheels on it. And if a resident lives inside one of these for, say, a decade, well then it's probably going to remain attached to that same location on the ground all 10 years. That's why a mobile home is often referred to now as a manufactured home. What it is is it's a factory built residence, constructed on a permanent chassis and then transported to a site. I mean, that's what we're talking about here, and they are a less expensive alternative to traditional homes that have, say, a cast in place, concrete foundation. So therefore, understand, mobile homes are affordable housing, highly affordable housing, and that's really important in this housing affordability crisis. And I've talked quite a bit about that on the show, and the meager national supply of that all types of affordable housing, they are recession resilient. I mean, that's just one reason why we love affordable housing types here at GRE where we're often buying rental property just below an area's median price. You know, people think of mobile home parks MHPS, that they're all crime ridden and that there are slumlords. But that is not true in every case. There are actually nice ones. If you're an MHP investor, you often only own the land beneath the structure, and not the mobile home itself. The resident owns the mobile home itself. So therefore, if there's a leaky roof or a window needs replacement, or flooring needs replacement, that is on the resident to fix, not you. MHP dwellers, they often don't have to pay property tax, though, because, like I said, they don't own the land. The landlord, or the community, therefore, is the one that has to pay the property tax. So there's some thoughts on mobile home parks for you, parking asset, real estate that's still settling into its post pandemic pattern with Return to Office mandates that aren't really fully matured yet. We're still settling in and seeing how that is going to look. And then when it comes to parking lots, you got to wonder about its future. When you consider the proliferation of autonomous cars, will that make parking lots obsolete? I'll have our guest address that longtime GRE listeners, you might remember episode 13 of this show, yeah, almost 11 years ago, that episode was about how autonomous cars will affect your future and your real estate and the very need for parking lots and a lot of what I discussed there in early 2015 that is beginning to come true, but this autonomous car adoption that is way slower than a lot of people thought. I mean, most Americans, they still have not been inside an autonomous car at all. A lot of people are still saying that they don't trust that that should change soon. But as for now, I'm just guessing that fewer than one in 10 Americans have been inside an autonomous car, probably quite a bit less than that. Today's terrific guest has over $1 billion in real estate transactions under his belt. This should be interesting. He is a specific investor in both mobile home parks and parking assets. Keith Weinhold 6:26 Today's guest is a seasoned real estate investor entrepreneur, and he's a prominent voice in the space, because he hosts the real estate investing for cash flow show. He's built a strong reputation as an expert in two niches that have less competition than some other investments, and we'll discuss those two today. They are mobile home parks and also parking asset investments too often overlooked yet pretty profitable niches, and he and I have a lot in common. I'm on the Forbes real estate Council. He is on the Forbes Technology Council. He and I are both native Pennsylvanians. It's been quite a few years. Hey, welcome back to GRE it's Kevin Bupp. Kevin Bupp 7:06 Hey, Keith, thanks for having me back. And yeah, excited to be here, my friend, and excited to finally get caught up. When you referenced that, it was nearly eight years since we last spoke. I was taken back a little bit because A lot's happened in past eight years. Keith Weinhold 7:21 I know that's wild with where things are at. People didn't even know the meaning of the word pandemic when you were last here on the show, Kevin, let's talk about really the case for mobile home parks. I know they can be a strong, cash flowing asset once people are really dialed into them. I think what's interesting is, since you were last here on the show, really, from the pandemic on, it's been a well documented national story where lay people just know about how the supply of housing just is not adequate in order to meet demand, and what that usually means, just talking about the single family space is, of course, they're building, but they're not building fast enough to keep up with population growth and housing demand. But what's so compelling about mobile home parks is, I mean, they're barely even building them anymore, like they are contracting in supply in a lot of areas. So tell us more about the compelling case for mobile home parks. Kevin Bupp 8:16 Yeah, well, you had a big one. You know? It's an asset class that has a diminishing supply, right? We can get into the reasons behind that. But, you know, just from a high level perspective, one of the other factors as it relates to, you know, available homes, available housing for the growing population, is that while they are building stick boat homes, they're not fulfilling the needs of those that actually need affordable housing. So there's not a lot of the average working household can't necessarily afford the starter home any longer, and so mobile home parks are unique. I truly feel they're the best vehicle to help us fill this void of housing, affordable housing that is really needed throughout the entirety of the country. I mean, there's very few markets in this country that are still affordable. There's some places you can still go buy. You can probably go to Flint, Michigan, buy a home for 50 or $60,000 but generally speaking, I think the median home price today, I think it's crested over 400,000 I don't have the exact number, but I do believe over $400,000 and the average starter family, or even folks that are, you know, just working two jobs, making 40, $50,000 a year, they can't afford to purchase that type of home, a $400,000 home. And so again, these mobile homes you had mentioned, they're not building mobile home parks any longer. However, they're still building new mobile homes, and it's kind of interesting what's evolved over the past 10 years. The quality of the product is it's like a night and day difference of what it looked like 1015, years ago, of the homes themselves to what they look like today, and what you get for your money. You know, the average single wide that we might be putting into a community, brand new home, 13, 1400 square feet. Someone could come in and for roughly $80.70 $80 a foot, can buy a brand new home that's never been lived in before, that's unheard of, that's absolutely unheard of when you compare it to the average or the median home price across the US today. So it really is kind of the last frontier, and it's typically any market that we're in, if you take the same comparable quality of an apartment complex in the same, you know, area of town, the same school districts, we're typically about 20% less all in cost to actually own your own home, versus that of even renting the comparable size apartment. So it's a very compelling reason for folks that are looking for an affordable place, but not just affordable, but clean, safe and quiet. I mean, like we run very respectable communities, they're in the really good school districts. They're places that folks are proud to live and raise their families, then, Keith Weinhold 10:22 yeah, that's true. This would really help meet that affordability challenge, another problem that's been so well documented. Talk to us more about what makes mobile home park investing different from investing in single family rentals or even a fourplex or a 20 unit apartment building. Kevin Bupp 10:40 A lot of the fundamentals are similar, and I would say that it's probably more comparable to that of an apartment complex to a certain degree. Just think of it as a horizontal apartment complex, where units aren't stacked on top one another. They're just layout horizontally more wider than they are tall. But the bigger difference is in most instances, we don't actually own the homes, so the residents own the mobile homes, whereas we as community owners own the infrastructure, we own the land. We own the roads, when the sewer lines, the water lines, the common areas, if it has a clubhouse, if it has amenities, so we maintain and we own all that collective area where the folks basically come and they bring their home, they fix it to the ground, and then ultimately pay a slot rent to have their home there on that premise. And so for us, it's very attractive in that the resident that's in their home, if they have a Roofing Leak, they have a plumbing leak, they have their HVAC system go out. They're not calling us like they enter an apartment complex. It's on them, yeah. So they're homeowners. And a couple other really attractive elements of that that come as a result of having residents that live there, not just renters, is that they're very sticky. And so just like in a standard single family subdivision, where you've got folks that might have lived there for generations, you just reference that your parents literally live in the same house, and so they've lived there a very long time. It is quite common to find residents and even multi generations of the same family that live in our communities. And a couple come to mind. We just celebrated a woman's 50th year of living one of our communities in brendalin. And so you've got sticky resident base. There's not a lot of turnover. And then the last big piece of it that is really attractive us is a homeowner mentality is very different than a rental mentality as far as upkeep. And so you got folks that they plant flowers, they ensure that their units have curb appeal, right? They put flags out, they put decorations out during the holidays. It's a lot more warmth than that of what you might find in a traditional rental apartment complex. Keith Weinhold 12:26 So what all does the tenant pay for? You mentioned that they pay for the lot rent. What other expenses do they have? How does that look for them? Kevin Bupp 12:36 Typically, you know, utilities. So they'll have their own individual meter. They'll pay, you know, direct to the utility company, utility provider, water and sewer as well. They'll pay for their water and sewer usage. And that can come in many different forms. Sometimes, where our communities have public utilities, where it's built directly by the utility provider, sometimes it's more of a private system, where we're actually acting and participating as utility provider and building them back for their usage. Really the standard things that you might pay for if you live in a single family home. I think so the areas where it might differ. And honestly, this is really community by community for us, some of our communities, literally, the residents, they pay for the utility use, but outside of that, literally, we mow the grass, we shovel their driveway, we shovel their walkways, we handle all those type of elements, whereas some other communities, the residents we might require that they actually maintain their own grass so they their own grass, so they have to mow it, or hire a a third party vendor to come in and mow it. They might have to actually shovel their own driveway. And a lot of how we run a community really is depend on how it used to be run when we took it over. You know, if it's not broke, we don't fix it. And so a lot of times we don't like shaking things up too much. If they're used to a certain way, we just keep it status quo and continue rolling on of how the prior ownership used to manage it really similar elements of what a folks, an individual living in a single family home, might pay for so very similar. Keith Weinhold 13:48 Okay, so they pay you the rent for the lot. This puts nearly all the maintenance and repair burden on them. So is there any sort of HOA like body here? Kevin Bupp 13:58 Not in our community. You do find some communities, and most of these that have an HOA are typically a community that's gone through more of a co op type arrangement to where the actual individuals only like fractionalized share of the community, the residents that live there, and so then they have a the oversight from an HOA that's managing the daily operations, managing the financing, managing the budget, things like that. But in our communities, no, there is not an HOA, I'd say the one other thing that's typically included in lot rent is they don't have property taxes, right? So we own the land, and so the individuals that live in these units aren't paying individual property taxes. A lot of states require that they have a registration fee, just like you do in your vehicle, that they would have to pay on an annual basis. And then most of them have insurance as well. You know they're covering you're carrying homeowners insurance on the actual dwelling itself. Outside of that, it's, again, just pretty straightforward, Keith Weinhold 14:47 yeah. So here we are in this low competition, low supply niche that we're talking about here we think about communities and nimbyism and building, not in my backyard. ISM oftentimes that's a sentiment that residents of a certain area have, residents say something like, ah, we don't want this new 200 unit apartment building or mobile home park here in our single family home neighborhood, like, that's nimbyism. But in mobile home parks, to me, it seemed like nimbyism is often at a different level. It's at the government or the municipal level, like your town or city, might not want one, because it doesn't generate as much property tax revenue as a new single family neighborhood would. Is that the reality? Kevin, Kevin Bupp 15:31 that's absolutely the reality. And that's why you don't see new parks getting built. I think last year, ones that I know of, there are about a dozen that were built, many more than that. They're actually shut down, you know, for redevelopment purposes. And so that is absolutely huge part of it. In fact, you know, it's frustrating, because pretty much every municipality across the country the topic of affordable housing, it's on the radar, and it's probably one that is discussed quite often. And in all reality, again, these mobile home parks really would help resolve that challenge at most of these you know, municipalities are the shortage of homes, affordable homes, that they're facing across the country. And so, you know, another big piece of it, you mentioned the tax basis, absolutely, you know, the municipality would make, they'd have much better tax revenue from pretty much anything else that could be built there. And so that's a big barrier. But the nimbyism piece of it, I think a big part of that is it's unfortunate. I think it's getting better over time. There's bad operators in our space, just like they're bad operators in the apartment space, just like there's bad operators landlords that have single family homes that just let them deteriorate over time and don't repair things. Unfortunately, we kind of get lumped all the mobile home parks get lumped in that bad bucket. And so while there's, you know, I always joke and say there's mobile home parks that are on the wrong side of town, wrong side of the tracks, right? You don't want to go to and during the daytime. Well, guess what? There's subdivision, the single family home, neighborhoods that are the same thing, and there's apartments that are like that as well. You don't go anywhere near them. And you've got the middle of the road, right? You've got just the good, hard working, blue collar folks that want to send their kids to good public schools. We've got those communities apartments are that way too single family home subdivision, you got white collar stuff. You got some higher end stuff. Unfortunately, we kind of all get lumped in that bad bucket. That's where the assumption that's made by folks that don't understand mobile home communities have never driven through one. They just assume that it's all, you know, basically, drug, sex, rock and roll, the wrong element that we do not want in our neighborhood. We don't want anywhere near us. It's going to devalue our home prices. And for that reason, you just don't see them getting built. It's unfortunate, but it's the truth. Keith Weinhold 17:20 Yeah, I'm just thinking about the mobile home park that I drive past most often. It's sort of walled off. There's maybe an eight or 10 foot high wall around it. I don't know if that's something that the municipality erected to sort of screen its appearance off, or something that the mobile home park built, which is my guess as to who built it, but not all mobile home parks look blighted Kevin Bupp 17:43 absolutely, yeah. And I don't know the case that you just referenced there. I mean, it could be for sound deadening purposes, if it's off of a busy road. It could have been something put up as far as just to kind of shield off so folks that are driving past don't see the community. My guess would be that's probably not the the reason that was built. But in any event, these are, there's, you know, we've got a number of communities, Keith, that if you drove through, and I didn't, if I blindfolded you and you drove in, so you went past the entrance, you went past a sign that said manufactured home community, and I took you down a road, you wouldn't believe that you were actually in a mobile home park. Some of these homes, they're double wide homes, and they look like ranch homes, and so they're actually laid out perpendicular to this, or parallel to the street, and then they have two car site built garages that are attached to them via breezeway. So they look like your traditional ranch style home, but they're absolutely 100% mobile homes that could be moved if you wanted to move them, and for a fraction of the price of what a neighboring single family home might sell for. So there's all different qualities. They all come in different shapes and sizes. But to my point earlier, some of these communities, they're not even affordable. There's actually, there's down here in Florida, we've got what we call lifestyle communities. It's very common out in Arizona as well, where it's a lot of times a second home for snowbirds, you know, retirees that want to come down and want to live an active lifestyle. You know, they want to have two swimming pools. They want to have an activities director. They want to have, you know, shuffleboard and pickleball courts and tennis courts, and they want to live this lifestyle. And those units are anything but affordable. In fact, there's many. There's a community down the road for me that, you know, their lot rent is $1,200 a month, and so you factor that in with probably a house payment. And you know, you might be looking at 2000 to, you know, $2,300 a month, all in for the house and the lot rent. And so not necessarily in the affordable scheme of things, but they come in all shapes and sizes and again, unfortunately, we just get lumped into that bad bucket. It's unfortunate because I do think that we could really help start making a dent in this affordable housing crisis. I don't how it's going to happen any other way. I really don't, because we can't build affordable products at this point in time. It's not possible Keith Weinhold 19:37 a posh an exclusive mobile home park there that you're referencing in Florida. As paradoxical as that sounds, tell us, Kevin, how that really works, because I know you help investors get in to mobile home parks. Does this mean an investor owns a full Park? Or I wouldn't imagine you're just doing it at the level where you just own one lot and then have One dweller pay you the lot rent. So tell us about how it works from the investor angle. Kevin Bupp 20:05 We have fund structures that we typically roll out through sunrise capital investors and any one individual fund will own somewhere between nine to 13 somewhere, typically in that range, mobile home communities. These communities can range in size from maybe as small as 80 or 90 lots to the largest community we own at present time is 780 lots. And so it's quite large. I mean, the size of a small town. But essentially, investors come in and they own a based on their investment. They own a proportionate share of the various properties that are owned underneath that fund umbrella. And so one, an individual, might come with 100,000 and own a smaller proportion share than someone that comes in with a million dollars. But they are owners. They're absolute owners. They participate in the cash flow, they participate in the the upside, and they participate in the proceeds. When we have capital events, either cash out refinances or potential sale events. Keith Weinhold 20:56 Tell us more about why it's so profitable. Why do mobile home park investors get excited, Kevin Bupp 21:01 as with anything, Keith, you know, you got to buy it, right? And, you know, we look at a lot of deals, and a lot of deals don't pencil like, if we bought it for what they're asking, we would make money. We might lose money. And so the money's made on the buy, just like with any other type of real estate investment. But I think the one factor that really has allowed mobile home parks to be an attractive investment vehicle over the past, really, the last decade, it's grown the attention of lots of different private equity groups, institutional investors, that 15 years ago, they weren't in the space, and the biggest reason is a lot of these. It's a very fragmented niche, and so there was no consolidation that existed 10 years ago. There was really only two public traded companies outside that. It was mom and pops, mom and pops, that typically owned one, maybe sometimes two or three communities, but it was just a very fragmented niche. And what you find those fragmented niches that there's a lot of inefficiencies that exist in the operations. There's a lot of inefficiencies that exist with regards to utility management or managerial oversight within the community, or even keeping up with market rents. And so very often, we'll get into a community we just bought one at the end of last year, and right outside of Ann Arbor, you know, great sub market in Michigan. It's it literally has never traded hands. It was built back in the 80s by the gentleman we purchased it from. He was a subdivision developer, but he got into the manufactured housing space, so he built this, what looked like a subdivision, but it was mobile homes and and he basically owned it up until we acquired it last year, but gorgeous community, well maintained, needed some upgrades, different amenities that just were a little worn out and tired. But the biggest element within that community was that the market rents in the local area were roughly $800 a month. $800 a month for lot rent, and when we purchased it from him, the average lot rent throughout the community was $477 so there was a significant loss lease that exists. And we see this quite often with just over time they've owned it, free and clear, they go 567, years out, doing rent increases, and sooner or later, they find themselves in a situation where they are severely below the local market rents. And so there's typically a lot of loss, at least recapture, that we find going into these communities. Sometimes we'll also go in and we'll find there's a lot of waste with the water and sewer cost. It might not be billed back for usage to the residents, to where if you're not paying for something, sometimes you're abusing it. And a lot of times we can go in and put individual meters in and almost send entirely that savings down to the bottom line and find it as additional noi on our PNL. And so it's just inefficiency of operations, and again, quite common, given the mom and pop nature of this asset class. But it's very quickly becoming consolidated. Now it looks very different today than what it looked like as far as the ownership groups. When I go to an industry event 10 years ago, those other guys like us, and then a lot of mom and pops. Now it's, you know, the likes of reps from Blackstone and Carlisle group and and got lots of other institutional groups that are showing up there. So just it's very different world, and probably more akin to that of what the apartment sector looks like, as far as ownership groups and the consolidation that's happening. Keith Weinhold 23:52 You're feeling more of that competition. Kevin and I are going to come back and talk about another, I suppose, real estate investment that has something to do with wheels, and that is investing in parking lots. I'm your host, Keith Weinhold Keith Weinhold 24:07 if you're scrolling for quality real estate and finance info today, yeah, it can be a mess. You hit paywalls, pop ups, push alerts, Cookie banners. It's like the internet is playing defense against you. Not so fun. That's why it matters to get clean, free content that actually adds no hype value to your life. This is the golden age of quality email newsletters, and I write every word of ours myself. It's got a dash of humor. It's direct, and it gets to the point because even the word abbreviation is too long. My letter takes less than three minutes to read, and it leaves you feeling sharp and in the know about real estate investing, this is paradigm shifting material, and when you start the letter, you'll also get my one hour fast real estate video course, completely free as well. Now it's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be simpler to get visit gre letter.com while it's fresh in your head, take a moment to do it now at gre letter.com Visit gre letter.com Keith Weinhold 25:19 the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage, start your pre qual and even chat with President chailey Ridge personally. While it's on your mind, start at Ridge lending group.com that's Ridge lending group.com. Ted Sutton 25:51 Hey, it's corporate directs Ted Sutton. Listen to get rich education with Keith Weinhold, and don't quit your Daydream. Keith Weinhold 25:59 welcome back to get rich education. We're talking about two real estate investment niches with Kevin bump today, an expert in both mobile home park investing and in parking lot assets. And Kevin, I got to tell you, I am more skeptical about parking lot investing than I am about mobile home park investing, but you can probably help me with this. I think we know that. I mean, gosh, just historically, ever since Henry Ford did his thing. I mean, mass transit adoption is really slow in most US cities. But anymore, one needs to wonder, okay, can autonomous cars disrupt the parking model? A Robo taxi can just constantly stay on the road, dropping off and picking up passengers where, you know, some people foresee a day in the not too distant future that people won't even need to own cars. They'll sort of have a subscription to a car service, but now this is where your expertise is. So I'm sure you thought above and beyond that. So what are your thoughts there, just for the need for parking spaces? Kevin Bupp 27:11 You make a valid point. I think the adoption of that, it's, I think it will be very different from market to market, say, the city, whereas, if you want to maybe look at one area. We have a parking garage today in downtown Phoenix, Arizona. Phoenix is very much a driving city. It's parsed out very far the public transit. It's not great there. And again, it's just it's a wider state, whereas, if you compare it to like a San Francisco, the adoption of Robo vehicles and robotaxis and things like that autonomous vehicles is much, much faster than that of a of a phoenix. But also San Francisco is much a much more consolidated marketplace as far as the urban core. And so for that reason, you know, we look at parking, it's got a there's a couple things also that feed into that. So I want to back up a little bit. One of the major changes that has been really playing out over the past 15 years within the parking sector is that building departments within now, I think it's over 100 cities across the country. Denver just announced last week that they're also adopting this policy. And that policy is that historically, if you were Keith, you're going to go on, hey, I want to build this in downtown. I want to go build this apartment complex, condo complex, mixed use property, whatever it might be. Historically, they would have required you, whether you wanted to or not. They would have made you put in a certain amount of parking per 1000 square feet, every municipality would have a formula. And what, what a lot of these cities realized a couple decades ago is that, based on their, you know, antiquated formulas, they had a surplus of parking available on a lot of these downtown areas. You know, it wasn't being used. And given the developer an opportunity and the choice to say, Hey, do I want to build 20 more parking spaces that aren't going to get used? Or I want to build want to build 10 more apartment units, they're going to choose the apartment units. And so the parking mem requirements have been taken away, have been eliminated in a lot of cities over the last decade plus. And so that's created a shrinking supply of parking because now when developers build something, they're building only as much as they need, sometimes not even as much as much as they really need, because then they can still rely upon other ancillary parking structures within the immediate marketplace. And so, so there's a shrinking supply of parking. And every city that we own in today there's a massive shrinking supply of parking. So that's big piece of it that we know that inevitably, if we get the location right, an area where literally, you wouldn't be able to afford, based on the cost of construction and the cost of lands, they wouldn't be able to afford even building new parking structure, if you so chose to. And now that there's also a shrinking supply, diminishing supply, of this parking that we can be comfortable in our demand for our product, and so to the point of like autonomous vehicles and things of that nature, I do think there will be a time. I don't know how long that time is. I do think that there will be a time where we'll see some sort of impact. I don't know what that is. And so how we underwrite deals is we feel very confident over the next 10 years. We have to have a absolute confidence level over the next 10 years that there's going to be continual demand based on the various factors within this marketplace, the demand drivers that are servicing that garage, like, who's parking there, why they're parking there. But second to that, when we. Buy something. We need to have the air rights. We know that there inevitably will be a higher and better use. So Location, location, location, it's got to make sense today as parking. We got the underwriting has to stand on its own as parking, and we have to have a comfort level that 10 years, there will be sufficient demand throughout the duration of the next decade, in the event things start changing down the road, we know that, literally, the lowest use that it could ever have is its present use, which is parking because it's just a concrete structure, sometimes just an asphalt parking lot, to where, once you go vertical, that's where you're going to be able to unlock a lot of additional potential. And so we don't underwrite the future. We look at that as icing on the cake. But we know, based on the the location, the proximity to, you know what else is happening in that marketplace, that location will be in demand, not just today, but many decades to come. So I'll stop there and see if you have any clarifying questions. Keith Weinhold 30:51 I think about how for the parking lot investor, Jamie Dimon has been really good for you. He is so hard on the return to Office. Mandate? Kevin Bupp 31:01 Yeah, I'd say one thing that's important to make note is, I don't know what the future holds for office I tend to make the argument that wherever picking office building in a marketplace, wherever they're at with occupancy today, I think it's probably as good as it's going to get. We don't have to go down that rabbit hole. But I just I feel like it's been long enough since covid. And don't get wrong, there's gonna be a few companies that are going to be pressed that are going to be pressing, you know, in a big way, to get people back, but I think 80% of them that we're going to go back are already there. And so any parking asset that we look at, if it's got more than 10 or 15% as far as relationship with an office building or multiple office buildings in immediate vicinity, then we typically pass on it. And on top of that, it's got to have a variety of demand drivers. So it just can't be supportive of one or two different demand drivers. We have have at least five. And so it can be a courthouse, municipal buildings, sports arenas. It's got to be a 24/7 city where there's something happening, 24 hours a day, seven days a week, hotel, valet, restaurants, retail, things like that. And office has to be a very minimal part of that makeup, or else we just move on, because I don't know how to fix it. How to fix that problem yet. I don't know what's going to you know what the future holds for your traditional office towers, especially the ones that are, you know, 50, 60% vacant at the present time? Yeah, that's interesting, because when you look at a parking lot and you're evaluating its potential and its current use, yeah, you're basically thinking about, what is that tenant mix. You don't want 100% of it to be for one office building. You would probably want a number of uses. That's correct. Yeah, absolutely. Again, like I said, Five is our minimum. I mean, the more the merrier. And I'd say another big piece of it, if we had to look at the different demand drivers and put a value or a hierarchy of what we feel, what are the highest priority demand drivers, transient is the best. I want to know that the folks that are coming there, there's enough attractions in immediate vicinity, and we need to know what those attractions are, and better understand those attractions. But there's a variety of attractions in the immediate vicinity to where it's going to continually attract transient parking. So it's not just it's not a reliance upon one thing. And so, for example, we just closed on a garage in historic Philadelphia, and so it's a block away from Liberty Bell, two blocks from Independence Hall, any of other museums. I mean, like it's it is we talk about location, location, location. It's there that part of Philadelphia has been in demand by tourism for hundreds of years, and I don't foresee that that changing anytime soon. And so 70% of the makeup of the traffic in that garage is made up of transient traffic, so folks that are visiting the various attractions and immediate vicinity. So even if one of those attractions went away, which most of them are historical, they're not going to go away. If one or two did, it still wouldn't have that significant of an impact on the parking demand. Keith Weinhold 33:36 That's interesting. Okay, a transient customer, not one that's showing up and parking there every day to go to work. And yes, the Liberty Bell, Independence Hall, there's going to be a long term demand to see those sorts of things in person. So that's an interesting way to think about that. And Kevin, while we've been talking about parking, at least in my mind's eye, a lot of times, I've just been thinking about one paved at grade parking area, but we're talking about parking garages as well. Or what are some of the trade offs there between parking garages and an at grade parking lot? Kevin Bupp 34:08 Yeah, I mean, at grade parking lot is, can't get any simpler than that. I mean, typically they're asphalt or sometimes just crushed gravel, but that's it. So as far as future capex requirements, there's not many, right? It's very, very minimal. Whereas a parking garage, especially if it's in a colder environment, where there's snow and you've got salt on the road, salt that's making its way up the concrete, seeping into the cracks, you've got structural rebar issues to worry about, things of that nature. So weather can take a major toll on parking structures if they're not maintained well. Whereas you know the worst that could happen the same weather, you know, the weather takes the same toll on these asphalt parking lots, but it really only equates to maybe a pothole that you have to fill in, and a parking structure could be deteriorated to the point of no return if it's been neglected long enough to where it might be unsafe, structurally where you know now you're you're getting condemned or shut down. So big considerations there, it's interesting. We Own, the one we own in Phoenix, the Phoenix, it's a desert. It's a desert climate. They get very little moisture. And that was that parking garage was built in the 60s, so very long time ago. It's the oldest thing we have in our portfolio, but it better condition has been preserved better than that of of a recent garage we purchased that was built in 1990 that's all the environment that's in. You know, there's really not much that can deteriorate concrete once in the desert. Keith Weinhold 35:22 Was there any last thing on parking lot investing like something that gets an investor really interested in this asset class? What's really compelling and profitable about it? Kevin Bupp 35:33 It's very technology driven business, and what we have found is a lot of these parking assets, of either they're owned by, you know, an individual investor, or if they happen to be owned by an institution, they've never been viewed as the primary investment vehicle. A lot of institutions that own parking garages, they happen to own them by default, because maybe they bought the two office towers years back, and it just happened to come with parking right? And so a lot of times, they've been somewhat neglected, like the PnL has been neglected. They haven't found ways to really extract all the value out of these parking facilities. And so very commonly, we'll go in and we'll find that the technology that's in place is 10 years old. And think about what a computer 10 years ago look like, right? Like it's you're not catching all the license plates. You're not able to log in and adjust pricing in a dynamic manner based on supply, demand factors. And so we can simply go in and just create a more efficient pricing model and find sometimes, you know, 10 15% of additional revenue just from doing those simple things, like literally a few $100,000 worth of upgrades and technology, we can add millions of dollars of value. There's other factors, you know, just simple things folks want to park in a not just clean and safe, but well lit. You know, they want to feel safe in lighting. And we'll find parking facilities that still have old halogen lights. Half of them are burnt out. If you start serving people, they're actually not parking there in the evenings. They're finding somewhere else to go because they don't feel safe. And so just going in and doing a revamp, you know, an upfit with LED lights, making it nice and bright, bright and clean and letting everyone feel safe, we'll find a instant increase in demand and Parkers in the later evening hours. So I mean just little simple operational tweaks that we can make that just have simply been overlooked for many, many years by the prior ownership groups. Keith Weinhold 37:15 That's really interesting, that oftentimes the owner of a parking lot owns that parking lot as an afterthought, because they were in it to purchase the building that accompanies the parking lot. So it would make sense that when you focus on that parking lot, you could really add value and profitability to that lot. Well, Kevin, these have been interesting chats between mobile home park investing and parking lot assets. I think that the commonality here is that you the investor, are just owning a lot, and therefore the maintenance and hassles with these things are really low. This gives our audience an awful lot to think about. So Kevin, are there any last thoughts that you have about this space overall, and then please let us know how our audience can learn more. Kevin Bupp 38:02 No additional thoughts. I don't believe I'd say that if you have an interest, if we've piqued your interest at all, we've written a number of white papers on both asset classes, both parking as well as mobile home parks. You can download all that for free on our website. Invest with sunrise.com We've got a number of other case studies on our website. We're pretty transparent. Well, what we buy, what we've owned, what we've exited out of. We'll go as far as providing appraisal reports and third parties and things like that on our website. So if you just want to get a sense of not just who we are, what we do, but just have a better understanding of the investment thesis behind parking and manufactured housing, there's tons of resources that you can download from the website. Keith Weinhold 38:37 Well, that's a great way to learn more about Kevin, what he does, and then maybe even invest alongside him. Well, Kevin, it's been valuable and eye opening. It's been great to have you back on the show. Kevin Bupp 38:46 Yeah, thanks for having me, Keith. Been a lot of fun, my friend. Good seeing you again. Keith Weinhold 38:57 Yeah? Good stuff from Kevin there. The MHP space becoming more consolidated and corporatized too. You know, single family rentals are different from mobile home parks in that way. I mean, 90% of single family rentals are owned by small mom and pops, which means those people that own between just one and five properties, Kevin used the term loss to lease a few times. That phrase loss to lease being a real estate education show what that term means is really a lot like how it sounds. It is the potential income that a property owner misses out on because the actual rent collected is less than the current market rent. That's what loss to lease means. Though, I like the long term future of mobile home parks more than parking deals. You know, Kevin did, though, have some great answers for why he still likes parking. He focuses on a 10 year horizon. He. Looks for at least five use types for the parking. And then another great point is that in a lot of cases, the land that the parking occupies is its lowest use. So therefore, when they sell the parking area, they can get some nice exit income. That makes a lot of sense. And being two native Pennsylvanians like we are, I am familiar with that part of Philly that he's talking about. In fact, what's funny is that, in producing this show today, I guess cookies are doing their thing. This parking lot deal in Philly just appeared in my Instagram feed next week on the show, it'll be back to no guest. It's going to be all me, and you're going to hear some things that you wouldn't expect to hear Until then, I'm your host, Keith Weinhold, don't quit your Daydream. Dolf Deroos 40:51 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Unknown Speaker 41:19 The preceding program was brought to you by your home for wealth, building get richeducation.com
In this episode of WORK, Erika is joined by Kelly Bensimon - former model, Real Housewife of New York, author, and now one of New York’s top luxury real estate brokers - to discuss how reinvention, resilience, and fearlessness have defined her career. Erika also reflects on Gen Z dipping into retirement savings, Jamie Dimon’s advice to step outside your lane, and David Ogilvy’s timeless lessons on owning your shortcomings.See omnystudio.com/listener for privacy information.
There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts. He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier. Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.com
Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.to contact me:bobbycapucci@protonmail.com
There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts. He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier. Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.
Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.Jes Staley, the former JPMorgan executive who later became CEO of Barclays, has alleged in court filings that he discussed Jeffrey Epstein directly with Jamie Dimon, including whether the bank should continue its relationship with Epstein after his 2008 conviction. According to Staley, Dimon was aware of Epstein's accounts and engaged in conversations about them, contradicting the narrative that JPMorgan's top leadership was in the dark. Dimon, however, has firmly denied this, testifying under oath that he never met Epstein, exchanged emails with him, or played any role in decisions about his accounts.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
There's been persistent speculation that Jamie Dimon, long-time CEO of JPMorgan Chase, might make a run for the U.S. presidency or at least take a high-tier government role. Some analysts and commentators have pointed to his reputation as a steady, pragmatic leader who speaks openly on economic and geopolitical issues as evidence that he could mount a compelling candidacy. For instance, a Yale SOM piece noted that his stature as a “systemic stabilizer,” combined with his willingness to critique U.S. policy, gives him appeal in periods of political turbulence.Despite this, Dimon has consistently downplayed or rejected the idea of running. He has said the notion of him winning is unlikely, and he has emphasized the demands of his family life, the lack of prior political experience, and his commitment to JPMorgan as reasons he wouldn't pursue it.In his deposition held on May 26, 2023, Jamie Dimon asserted under oath that he had never met, emailed, or communicated with Jeffrey Epstein, and claimed he was not involved in any internal decisions regarding Epstein's bank accounts. He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier.He acknowledged that a 2011 internal email from JPMorgan's then-general counsel, which said Epstein “should not be a client, period,” was not known to him at the time, though he said he was aware of it later and agreed that had the bank known what we know now about Epstein's criminal behavior, the relationship would have been severed earlier. Afterward, JPMorgan argued internally that his testimony was “crystal clear” and sought to block any further depositions of Dimon in the case, saying the existing record showed no involvement.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Courtney Wild and Haley Robson, two women who say they were abused by Jeffrey Epstein, filed a defamation lawsuit against journalist Julie K. Brown in 2022. They argue Brown's book Perversion of Justice contained false claims that harmed their reputations. Wild says the book wrongly described her as having had intercourse with Epstein and being raped, allegations she denies. Robson, meanwhile, claims Brown portrayed her as complicit in Epstein's operations after she refused to be interviewed for the book.According to the lawsuit, Brown's reporting left both women branded in ways that distorted their roles in the Epstein saga, causing reputational damage and emotional distress. The plaintiffs allege that Brown pressured them and misrepresented facts for dramatic effect, leaving them to suffer fallout in their personal and professional lives. The case underscores the tensions between journalistic storytelling and survivor testimony in high-profile abuse investigations.Courtney Wild and Haley Robson, both survivors of Jeffrey Epstein's abuse, wrote powerful letters to top executives at JPMorgan—among them CEO Jamie Dimon—accusing the bank of enabling Epstein's conduct by keeping him as a client for many years, despite knowing or having reason to know that there were serious abuse allegations. They ask JPMorgan to acknowledge that it benefited from the relationship (through transactions, accounts, etc.), to admit wrongdoing or mistakes, and to take steps to make amends—both to them and to other survivors. Wild and Robson frame their demand not just in moral terms but in legal and institutional accountability: that the bank should own up, not hide behind fine print or internal policies.They also stress that JPMorgan's public statements and depositions (including Jamie Dimon's) have downplayed or denied knowledge of Epstein's abuse or minimized the bank's role. In their letters, they challenge that narrative: they maintain that JPMorgan had ample warning of red flags and thus cannot claim complete ignorance. They call for transparency—release of internal documents, full cooperation, and concrete reforms—to ensure what happened with Epstein doesn't happen again under the bank's watch.to contact me:bobbycapucci@protonmail.com
Story of the Week (DR):Lachlan Murdoch Secures Control of Fox and News Corp, Ending Succession FightLachlan Murdoch is confirmed as Rupert Murdoch's successor, gaining control over the family's media empire (which includes Fox Corporation and News Corp). Prudence MacLeod, Elisabeth Murdoch, and James Murdoch—three of Rupert's older children—will each receive about US$1.1 billion. They will sell their holdings in Fox and News Corp and give up beneficial/trust rights in those companies.Apart from full siblings Elisabeth and James Murdoch, Lachlan has three half-siblings, an elder half-sister Prudence, and two younger sisters by his father's third marriage, Grace and Chloe. A new family trust will be set up benefiting Lachlan and Rupert's younger daughters, Grace and Chloe. That trust will hold controlling voting shares in Fox and News Corp. The three older siblings will no longer be beneficiaries in the trust(s) connected to Fox and News Corp. They also give up any voting rights held via those trusts. Rupert Murdoch, despite handing over the control structure, retains a role as Chairman Emeritus. The new trust arrangement secures Lachlan's control over the companies through 2050. One of Rupert Murdoch's concerns was the possibility that the more moderate siblings (Prudence, Elisabeth, James) could shift the political or editorial leanings of Fox/News Corp after he's gone. The new structure is designed to prevent that.Senators Call for Hearings About JPMorgan's Ties to Jeffrey EpsteinDemocrats want CEO Jamie Dimon to testify about keeping Epstein as a client until 2013Epstein had dozens of accounts at JPMorgan's private bank and communicated often with bank executives, connecting them to his wealthy contacts, ties The Wall Street Journal first reported in 2023 to be deeper than understood. Epstein was a JPMorgan client before and after he was convicted of soliciting a minor for prostitution in 2008 and forced to register as a sex offender.Trump Epstein letter and drawing from ‘birthday book' releasedEric Trump removed from the ALT5 board of directors after discussion with the Nasdaq Stock Market LLCTrump's second son, Eric Trump, was removed from the ALT5 board of directors. According to the SEC filing, the change was made after discussion with the Nasdaq Stock Market LLC, therefore, the change was in order to comply with Nasdaq's listing rules.It is still unclear which of the Nasdaq rules caused Eric Trump to be removed. The closest reason would be the rule that requires a majority of board members at listed companies to be independent. However, if Trump didn't qualify as independent, other members would have also been removed, which was not the case.after discussion with The Nasdaq Stock Market LLC … and in order to comply with Nasdaq's listing rules.” He is now a board observer: While he was originally announced as a full board member, Eric Trump has been reassigned to observer status — meaning he can attend meetings but doesn't have voting power.Larry Ellison's $100 billion day reminds us why David Ellison could buy ParamountLarry Ellison, co-founder of Oracle, recently saw his net worth jump by around US$100 billion in a single day due to a spike in Oracle's stock.Larry's wealth was a key factor enabling his son, David Ellison, to acquire Paramount.David Ellison's position is less pressured because his father's vast wealth gives him a kind of “cushion” — meaning that even if some deals don't go well, he can withstand the backlash more than many media owners could.Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. DiscoveryThe majority of the planned bid for Warner will be made up of cashA Key to Larry Ellison's Wealth Creation: Years of Oracle Stock BuybacksOracle has used aggressive stock buybacks over the past 15 years as a major lever to boost shareholder value—and especially to amplify Larry Ellison's personal wealth. Oracle has aggressively repurchased its own shares over roughly the last 15 years — reducing its outstanding share count by nearly 45%. Because Larry Ellison held roughly the same number of shares, his ownership percentage rose from ~23% to around 41% without buying more stock.This buyback strategy significantly boosted the value of Ellison's stake — Barron's estimates that without the buybacks, his stake might have been worth only $215 billion instead of the current ~$387 billion.Ellison didn't need to purchase additional Oracle shares to increase the value of his investment—he benefited from the shrinking pool of shares and the company's rising valuation.Vanguard Tries To Get Investors Interested In Proxy Voting MMVanguard's trying to get millions of its fund investors involved in big corporate decisions—but so far, most people are still tuning out. That's left folks wondering who really holds sway at America's largest companies.Vanguard's campaign faces a classic case of 'rational apathy', where most index fund investors skip shareholder votes because it feels like a hassle with little impact on their own wallets.Even though Vanguard's Voting Choice program doubled participation to 82,000 people and tripled the dollar value voted to $9 billion, that's tiny compared to the company's 50 million investors and $11 trillion in assets.Studies from Duke, Florida, and Columbia universities show just how overwhelming the sheer number of ballot measures can be—making most people pick broad voting policies, like mainstream or anti-ESG, instead of poring over each decision.While reformers hope wider voting can democratize the system, the early results point the other way: individuals often skip votes or side with management, letting company leaders keep their grip. In fact, last year's Tesla shareholder votes would have failed if Vanguard's index funds had voted like individuals.Financial Services Committee Examines the Shareholder Proposal Process and Proxy Advisory FirmsOn the Impact of Sarbanes-Oxley and Dodd-Frank on Annual Proxy Statements: “Together, these two laws [Sarbanes-Oxley and Dodd-Frank] have driven up costs, increased the length and complexity of proxy statements, expanded the disclosure and oversight process, and fundamentally changed much of the shareholder access to the proxy system,” said Chairman Hill.French Hill: founder, Chair, and CEO of Delta Trust & Banking Corporation from 1999 until 2014. A ninth-generation Arkansan, Hill is a direct descendent of slave plantation owner Creed Taylor who was among the wealthiest 1% of Americans in 1860.On the Cost of Unnecessary and Irrelevant Shareholder Proposals: “Under this flawed system, companies are too often forced to waste valuable time and resources fighting proposals that are irrelevant to the company's bottom line, hurting investors and workers alike,” said Capital Markets Subcommittee Chair Ann Wagner (MO-02)."Allowing a small group of left-wing activists to hijack the proxy proposal process to push social, environmental, DEI, or political objectives totally unrelated to the core business of a company does not advance the cause of capitalism. It undermines capitalism. It corrupts capitalism because it results in the misallocation of resources of the company. It undermines the profitability of the company. It hurts the shareholders,” stated Financial Institutions Subcommittee Chair Rep. Andy Barr (KY-06).Barr believes that abortion should be illegal, including in cases of rape and incestBarr, who's now running for Mitch McConnell's Senate seat, made it clear that he and Musk are joined at the hip. A few days after the “town hall” Barr released a photo of himself standing beside a shiny new Tesla, with a big smile, a thumbs-up, and the caption “Elon Musk sure knows what he's doing!”On How Proxy Advisory Firms Can Deter Businesses from Joining Public Markets: “For many small and medium private companies considering an IPO, the decision often comes down to whether the benefits of accessing public markets outweigh the risk of compliance. But as we have seen in recent years, the shareholder proposal process can be dominated by a small group of activist investors advancing niche political agendas that have little to do with long term value creation. At the same time, proxy advisory firms wield outsized influence over voting outcomes, and [are] operating with limited transparency and potential conflicts of interest. So together, these dynamics can create an uncertainty and additional cost that make public markets less attractive,” declared House Small Business Committee Chairman Roger Williams (TX-25).Williams was listed as the 22nd wealthiest member of Congress in 2018. Williams inherited the family's automobile dealership from his father, who founded the business in 1939.During the COVID-19 pandemic, Williams's Chrysler Dodge Jeep dealership in Weatherford, Texas, received a loan of between $1 million and $2 million as part of the Paycheck Protection Program (PPP);[28][29] the loan was later forgivenGoodliest of the Week (MM/DR):DR: Boone Electric Co-op members can cast drive-thru votes for directorsDR: New Mexico will be the first state to make child care free DR MMThe program, which will start in November and is expected to save families $12,000 per child annually, is available to all residents regardless of income. Gov. Michelle Lujan GrishamMM: Vanguard Finds ESG Voting Policy by Far the Most Popular Choice for Younger InvestorsAssholiest of the Week (MM):Asshole Speed Round! You rate the level of asshole for each, and the top scorers are assholes of the week:Paul Atkins 6SEC chief threatens ban on European accounting rules over sustainabilityThe US is thinking about banning IFRS, used everywhere else, because they don't like the data other countries want to use for investingWe already have feet, miles, and pounds, why not just have our own way to measure things that literally no one else uses?Sam Altman 7‘I haven't had a good night of sleep since ChatGPT launched': Sam Altman admits the weight of AI keeps him up at nightOMG, SHUT UP.Journalists who don't understand dual class shares 5Oracle CEO, one of the world's richest self-made women, just got $412 million richer in 6 hoursCharlie Scharf 10Wells Fargo CEO says Trump is entitled to be vocal about the FedScharf, also on the MSFT board for the enigma of successJamie Dimon 8Jamie Dimon says economy is ‘weakening' but he can't make sense of all the different data: ‘Maybe, one day, AI will fix that problem'JPMorgan processed over $1B for Jeffrey Epstein despite internal concerns over sex offender status: reportReverse justifying Zuck's feckless suckups 10Meta CFO explains CEO Mark Zuckerberg's $600 billion White House pledgeSusan LiBros 10The gender pay gap is getting wider, reversing progressThe pay gap is now back to where it was in 2017, when the burgeoning #MeToo movement drew wide attention to sex discrimination.Everything Charlie Kirk 10There are two things happening simultaneously that are probable root causes in political assassinations today:Hopelessness - Elon Musk is proposing to pay himself 68% of ALL THE WEALTH of the BOTTOM 50% OF US HOUSEHOLDS. If this pay package passes, he will have as much worth as ONE QUARTER of EVERYONE UNDER 40 - 166 million people in the US. We're convinced because he bought a car company and built some rockets using US subsidies he's singular. Combine that with the fact that he's one of 4 billionaire white men who control social media, which tells us EVERY DAY our life sucks and the reason is “the other side” and capitalism support is at a long term low, and people feel there are NO OTHER OPTIONS but to assassinate someone.Men - more than 99% of political violence is committed by men. Out of nearly 10,000 global public companies, 93% are lead by men. 73% of all country level parliamentary seats are male. You know who doesn't shoot people, engage in constant chest thumping, gun toting nationalism? Women. Step aside boys - investors, your opportunity is now, you get to vote on directors. Do some due diligence.Headliniest of the WeekDR: Hot mic catches Zuckerberg admitting his $600 bn vow to Trump was a guess: “Sorry, I wasn't ready… I wasn't sure what number you wanted to go with.”MM: Uber sued by DOJ for alleged discrimination against disabled riders - isn't this, like, SUPER WOKE?Who Won the Week?DR: Every Ellison everMM: Larry Ellison's facial hair - he can finally afford a razorPredictionsDR: David Ellison buys Lachlan's two younger half-sisters (from Rupert's third marriage), Grace and Chloe, and then immediately trades them for 30% ownership in the Winklevoss twins cryptocurrency-exchange company Gemini Space Station MM: THIS time, we won't get thoughts and prayers - we'll get ideological purges!
Tape emerges of the murder of Ukrainian refugee Iryna Zarutka…showing that no one helped her for almost two minutes; in an audacious move, the Israeli Air Force strikes a meeting of top Hamas brass in Qatar; and Jamie Dimon warns that the economy is weakening. Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE Ep.2277 - - - Facts Don't Care About Your Feelings - - - DailyWire+: Order my new book, Lions and Scavengers: The True Story of America (and Her Critics) right now at https://bit.ly/4lVaMEA Watch The Isabel Brown Show now at https://dailywire.com Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw - - - Today's Sponsors: Grand Canyon University - Find your purpose at Grand Canyon University. Visit https://gcu.edu today. Balance of Nature - Go to https://balanceofnature.com and use promo code SHAPIRO for 35% off your first order as a preferred customer, PLUS get a free bottle of Fiber and Spice Cookunity - Go to https://www.cookunity.com/benfree for Free Premium Meals for Life. Thanks to CookUnity for supporting the show! Simplisafe - Visit https://SimpliSafe.com/SHAPIRO to claim 50% off a new system. - - - Socials: Follow on Twitter: https://bit.ly/3cXUn53 Follow on Instagram: https://bit.ly/3QtuibJ Follow on Facebook: https://bit.ly/3TTirqd Subscribe on YouTube: https://bit.ly/3RPyBiB - - - Privacy Policy: https://www.dailywire.com/privacy Learn more about your ad choices. Visit megaphone.fm/adchoices
Scott Wapner and the Investment Committee are lives in Huntington Beach, California at Future Proof, a gathering of financial advisors and Investment professionals. We are joined by Dan Ives of Wedbush Securities to look ahead to the Apple Event at 1pm. Plus, Blackrock's Rick Rieder joins us later to talk about everything from the market, the fed, rates and more. And later, CNBC's Leslie Picker brings us an interview from JPM's Jamie Dimon to talk about his new HQ in NYC.