Podcasts about jp morgan

JPM Coin to be issued on Canton Network. J.P. Morgan's blockchain unit is planning to issue JPM Coin on the privacy-enabled Canton Network, aiming to enable 24/7 settlement alongside tokenized assets. The move signals growing institutional shift toward real‑time, interoperable digital money. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

⬜ Welcome to Palvatar Market Recap, your go-to daily briefing on the latest market movements, global macro shifts, and crypto trends—powered by Raoul Pal's AI avatar, Palvatar. ⬜ In today's update, Palvatar covers a risk-off session in global equities as geopolitical tensions rise and economic data sends mixed signals. Defense stocks outperform on higher U.S. military spending plans, while oil and the dollar edge higher. U.S. labor data points to “no hire, no fire,” even as services activity surprises to the upside. In crypto, Bitcoin slips below $90K, altcoins struggle, and JPMorgan deepens its digital-asset push.

Today we're diving into Canton Network with Digital Asset CEO Yuval Rooz—and why it's suddenly at the center of Wall Street's “real onchain” moment: DTCC is mapping tokenization and identifying Canton as a supported network as it moves regulated assets on-chain, while JPMorgan is bringing JPM Coin onto Canton as part of its always-on settlement push. The big takeaway: this isn't about memecoins—it's about bringing the pipes of traditional finance onchain, where quadrillions of dollars in securities activity could eventually be represented and settled through tokenized workflows, changing how collateral, liquidity, and market infrastructure work in 2026 and beyond.

Andrew, Ben, and Tom discuss Trump's Truth about defense companies, Apple's card moving to JPMorgan, and Constellation reports soft alcohol demand. Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

Here's how Cramer is thinking about bank stocks ahead of earnings. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market's biggest headlines. Signup here: cnbc.com/morningtakeCNBC Investing Club Disclaimer  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Andrew, Ben, and Tom discuss ADP Employment, Rubio's push to buy Greenland, and Mobileye acquiring Mentee. Join our live YouTube stream Monday through Friday at 8:30 AM EST:http://www.youtube.com/@TheMorningMarketBriefingPlease see disclosures:https://www.narwhal.com/disclosure

In this essential Alternative Allocations podcast episode, Tony and guests dissect the 2026 outlook, offering crucial insights for financial advisors navigating commercial real estate, private equity secondaries, and private credit. Discover the macro themes shaping these dynamic sectors, from new cycles in real estate to the growing need for liquidity in private equity. Tune in to equip yourself with the knowledge to identify opportunities in the evolving private markets landscape. *********** Anant Kumar is a managing director and head of research with Benefit Street Partners, based in our West Palm Beach office. Prior to joining BSP in 2015, Mr. Kumar worked in the capital markets advisory group at Lazard Frères and the leveraged finance group at Deutsche Bank. Mr. Kumar received a Master of Business Administration from the University of Chicago, a Master of Science from Stanford University, and a Bachelor of Engineering from Visvesvaraya Technological University in India. Taylor Robinson is a Partner of Lexington Partners, primarily focused on sourcing, negotiating, and executing secondary transactions. Taylor joined Lexington Partners in 2008 from JPMorgan, where he was in investment banking and leveraged finance. Aside from his investment focus and other Firm responsibilities, he is a member of Lexington's ESG steering committee and Franklin Templeton's global Stewardship & Sustainability Council. ​​Jeb Belford, equity owner and Managing Director, is the Chief Investment Officer of Clarion Partners. He is chairman of the Firm's Investment Committee, and a member of the Executive Board​. From 2013-2021, Jeb was the lead Portfolio Manager of the Firm's open-end core fund, with overall responsibility for fund management and portfolio strategy. From 2005-2012, Jeb was the Portfolio Manager for the Firm's value-add investment platform. Prior to becoming a portfolio manager, Jeb was a senior member of the Firm's Acquisitions Group, completing investments across a broad range of strategies. His background includes all key aspects of portfolio management, including acquisitions, financing and sales totaling over $20 billion in all property types and risk strategies, in markets across the U.S., Brazil and Mexico. Jeb joined Clarion Partners in 1995 and began working in the real estate industry in 1984.​​ ​************ Resources: 2026 Private Market Outlook Executive Summary Anant Kumar | LinkedIn Taylor Robinson | LinkedIn Rick Schaupp | LinkedIn Alternatives by Franklin Templeton Tony Davidow, CIMA® | LinkedIn

In its lawsuit against JPMorgan Chase & Co., the Government of the United States Virgin Islands (USVI) alleged that the bank knowingly facilitated, sustained, and concealed the sex-trafficking network operated by Jeffrey Epstein by continuing to provide him banking services long after red flags should have alerted JPMorgan to his misconduct. The complaint, filed in late 2022 by then-Attorney General Denise George, sought at least $190 million in damages and accused JPMorgan of ignoring warning signs, failing to file required suspicious-activity reports, and effectively “turning a blind eye” to transactions supporting Epstein's operations—including in the territory where his Little St. James Island is located. The USVI also asked the court to declare that the bank participated in Epstein's trafficking venture and obstructed enforcement of anti-trafficking laws.JPMorgan responded to these claims with testy and defensive filings, pushing back against the USVI's legal theories and seeking to limit the scope of discovery and liability. The bank argued that the territory itself bore responsibility for enabling Epstein by offering tax incentives and lax oversight, and it sought to have key claims dismissed or narrowed—including arguing that top executives like CEO Jamie Dimon were irrelevant to the case and should not be deposed. JPMorgan also contended that the USVI had already obtained a large volume of documents in prior litigation and that additional demands were a “fishing expedition.” Ultimately, rather than go to trial, JPMorgan agreed in 2023 to a $75 million settlement with the USVI to resolve the dispute, without admitting wrongdoing, including funds directed toward supporting anti-trafficking efforts in the territory.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

The Venezuelan operation is a story that is unfolding and it's not the story of the official state propaganda narrative. All one has to do is follow the money. Oil stocks for the companies best positioned to exploit Venezuelan oil are soaring; the highest gains since 2022. JP Morgan who is upside down with silver short positions just facilitated the smelter deal to process Venezuela's $1 Trillion worth of precious metals. Maduro is being framed by our state propaganda as evil, just as we did with Ghadafi and Hussein. There were no WMDs. We need to stop being the police of the world, and focus on America First. We need to fix our own house before we rip apart others.  #BardsFM_Morning #ItsAllAboutTheResources #Matthew7 Bards Nation Health Store: www.bardsnationhealth.com EnviroKlenz Air Purification, promo code BARDS to save 10%: www.enviroklenz.com EMPShield protect your vehicles and home. Promo code BARDS: Click here MYPillow promo code: BARDS >> Go to https://www.mypillow.com/bards and use the promo code BARDS or... Call 1-800-975-2939.  White Oak Pastures Grassfed Meats, Get $20 off any order $150 or more. Promo Code BARDS: www.whiteoakpastures.com/BARDS BardsFM CAP, Celebrating 50 Million Downloads: https://ambitiousfaith.net Morning Intro Music Provided by Brian Kahanek: www.briankahanek.com Windblown Media 20% Discount with promo code BARDS: windblownmedia.com Founders Bible 20% discount code: BARDS >>> TheFoundersBible.com Mission Darkness Faraday Bags and RF Shielding. Promo code BARDS: Click here EMF Solutions to keep your home safe: https://www.emfsol.com/?aff=bards Treadlite Broadforks...best garden tool EVER. Promo code BARDS: TreadliteBroadforks.com No Knot Today Natural Skin Products: NoKnotToday.com Health, Nutrition and Detox Consulting: HealthIsLocal.com Destination Real Food Book on Amazon: click here Images In Bloom Soaps and Things: ImagesInBloom.com Angeline Design: AngelineDesign.com DONATE: Click here Mailing Address: Xpedition Cafe, LLC Attn. Scott Kesterson 591 E Central Ave, #740 Sutherlin, OR  97479

Ghislaine Maxwell maintained a significant and unusually close relationship with JPMorgan Chase, largely through her direct connection to Jes Staley, one of the bank's most powerful executives at the time. Court filings and internal bank records show that Maxwell was not treated as a marginal or incidental figure, but as someone with meaningful access to JPMorgan's senior leadership. Her association with Staley—who had a long-standing personal and professional relationship with Jeffrey Epstein—placed her within JPMorgan's orbit during the years Epstein remained a high-value client, despite his prior criminal exposure.That relationship mattered because it helped normalize Maxwell's presence within elite financial circles and insulated Epstein's network from scrutiny. Evidence revealed in Epstein-related litigation shows that Maxwell communicated directly with Staley on multiple occasions and was viewed by JPMorgan insiders as part of Epstein's inner circle, not an outsider. As JPMorgan continued to service Epstein's accounts, Maxwell's ties to Staley reinforced the perception that Epstein remained institutionally protected and trusted at the highest levels of the bank. The connection underscores how Epstein's operation was intertwined with powerful financial relationships—and how those relationships helped sustain access, credibility, and protection long after red flags were impossible to ignore.to contact  me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Welcome to the first full trading week of 2026! While the major averages surged to kick off the new year, the options tape is telling a much more nuanced story. Mark Longo breaks down the top 10 most active names, highlighting a strange divergence where the broader market rallied while tech titans like Apple and Nvidia faced early-year selling pressure. The Top 10 Countdown: #10: AMD (AMD) – Bucking the green trend, AMD sold off over 1% to close at $221.08. Traders focused on the Jan 230 calls expiring this Friday. #9: SoFi (SOFI) – Roaring back with a 6.6% pop, SoFi reclaimed nearly all its recent dilution losses. The Jan 30 calls were the hot strike of the day. #8: Palantir (PLTR) – Rallying over 3.6%, Palantir bulls are looking toward the moon with heavy volume on the Jan 190 calls. #7: MicroStrategy (MSTR) – "The Monster" saw wild opening flow, specifically a nearly 25,000-contract block of March 160 calls. #6: Amazon (AMZN) – The Amazonians joined the rally, gaining nearly 3%. Buyers stepped into the Jan 235 calls for Friday expiration. #5: Apple (AAPL) – A rare red day for the fruit company amidst a market rally. Over 44,000 of the Jan 270 calls traded, likely as overwrites. #4: Nu Holdings (NU) – The Brazilian banking giant popped over 5% on 15x its average daily volume. #3: JPMorgan (JPM) – Financials are leading the charge, but JPM's 1.28 million contract volume was heavily skewed by Ex-Dividend (X-Div) activity in the January pars. #2: Tesla (TSLA) – Back in the silver medal spot, Tesla jumped 3.1% to $451.67. The Jan 460 calls saw aggressive action. #1: Nvidia (NVDA) – Taking the crown once again, but finishing slightly in the red. Massive interest remains at the Jan 195 calls for the end of the week. In This Episode: Why Apple and Nvidia are struggling while the Dow and S&P climb. Understanding the impact of Ex-Dividend flow on JPMorgan's massive volume. Breaking down opening vs. closing flow in MicroStrategy and Nu Holdings. Get the Full Data: Visit TheHotOptionsReport.com to see the daily options data that didn't make it into the show. Join the Pro Community: Go to theoptionsinsider.com/pro for access to the upcoming Vol Death Match 2.0 and exclusive Q&A sessions.

On this episode of Reaganism, Roger sits down with Derek Chollet, Managing Director at the JPMorgan Chase Center for Geopolitics, to discuss JPMorgan's ambitious $1.5 trillion Security and Resiliency Initiative. The conversation highlights the initiative's focus on bolstering U.S. national security through investments in critical sectors like defense, energy, and advanced manufacturing. Derek emphasizes the importance of private sector involvement alongside government efforts to address geopolitical challenges, citing JPMorgan's commitment to enhancing U.S. resilience and economic growth. The dialogue underscores the bank's strategic role in facilitating investments and partnerships to drive innovation and strengthen the national defense industrial base.

Throughout its Epstein-related lawsuit against JPMorgan Chase, the U.S. Virgin Islands adopted an openly aggressive litigation posture, repeatedly hammering the bank through a series of sharply worded motions. The USVI accused JPMorgan of enabling and profiting from Jeffrey Epstein's sex trafficking operation by ignoring obvious red flags, failing basic anti-money-laundering controls, and continuing to provide banking services long after Epstein's criminal conduct was widely known. Motion after motion, the territory framed JPMorgan not as a passive bystander, but as a sophisticated financial institution that chose profit and client retention over compliance, survivor safety, and the law.In this episode, we revisit those filings to show that the USVI was not merely posturing—it was methodically building a narrative of institutional failure and moral bankruptcy. By dissecting the government's repeated attacks, we examine how the territory used discovery disputes, sanctions motions, and oppositions to expose what it described as JPMorgan's internal awareness of Epstein's activities and its efforts to minimize fallout rather than stop the abuse.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

In this explosive breakdown, we dive deep into the shocking moves coming out about Jamie Dimon, Michael Saylor, and BlackRock — and what it means for every Bitcoin holder RIGHT NOW. If you care about BTC's future, institutional strategies, and the hidden signals Wall Street doesn't want you to see… this video is a MUST WATCH.

America will punish you for the same things it quietly rewards them for. In this episode I break down exactly how the game is rigged from the war on drugs to overdraft fees, from the 2008 crash to the $38 TRILLION tab the U.S. is running up in the background. I'm talking JP Morgan's drug ship, predatory overdraft fees, junk bonds stamped “A-grade,” and why it's literally expensive to be broke in this system. If you've ever been hit with a $35 fee when you ain't even have $5… this one is for you. I'm not here to complain, I'm here to expose the playbook so you stop being prey and start moving like the hunters: understanding the banking hustle, protecting yourself, and positioning your family on the asset side of the board.Join our Exclusive Patreon!!! Creating Financial Empowerment for those who've never had it.

In the Epstein-related civil lawsuit between the U.S. Virgin Islands and JPMorgan Chase, the two sides agreed to a sweeping protective order designed to tightly control how evidence would be handled during discovery. The order allowed both parties to designate large volumes of documents, testimony, and exhibits as confidential or highly confidential, restricting their public release and limiting access to attorneys, experts, and the court. Given the sensitive nature of the case—touching on allegations of sex trafficking, financial compliance failures, and internal bank communications—the protective order functioned as a framework to keep potentially explosive material out of the public eye while the litigation moved forward.At the same time, the scope of the protective order drew criticism because it effectively placed a veil over records that could illuminate how Epstein was able to operate financially for years. By shielding internal emails, compliance reviews, and banking records from immediate disclosure, the agreement reinforced concerns that civil litigation was once again prioritizing institutional risk management over public accountability. While such orders are common in complex financial cases, in the context of Epstein, the arrangement underscored the tension between protecting sensitive information and the public's interest in understanding how powerful institutions may have enabled or ignored a known predator.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Today I include a $TQQQ strategy for 2026 - why? BECAUSE WE LIKELY WILL SEE VOLATILITY. And does Cathie Wood beat Warren Buffett in investing? WHY and HOW? ⁠⁠https://dailystockpick.substack.com/⁠⁠THESE SALES END SOON: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TRENDSPIDER SALE - up to 60% OFF - Get 52 trainings for the next year at 60% off. Become a Trendspider master! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SEEKING ALPHA BUNDLE - Save over $100 and get Premium and Alpha Picks together ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ALPHA PICKS - Want to Beat the S&P? Save $50 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Seeking Alpha Premium - FREE 7 DAY TRIAL ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠SEEKING ALPHA PRO - TRY IT FOR A MONTH FOR ONLY $89 ⁠⁠⁠⁠⁠⁠⁠⁠⁠EPISODE SUMMARY

Did you know that JP Morgan and Deutsche Bank settled lawsuits tied to the Epstein case—one for hundreds of millions of dollars—after victim-survivors exposed embarrassing emails and transactions?  And despite a million dollars in DOJ overtime, the "first batch" release of Epstein files was simply a repackaging of old documents handed to influencers, not journalists. But that is just the beginning. Today, the legal world—and really, society at large—is abuzz with talk of the unsealed Epstein files, financial institution accountability, and the relentless search for truth. As law firms and attorneys are increasingly called upon to sift through layers of redacted documents and shifting legislation, this episode of Cut to the Chase Podcast zeroes in on what real transparency could mean for the legal industry, corporate oversight, and survivors' rights. This week on the Cut to the Chase: Podcast, Adam Clasfield, investigative journalist and legal-political reporting veteran, joins host Greg Goldfarb. Known for covering the Southern District of New York and being present the day Jeffrey Epstein was arrested, Adam Clasfield brings unmatched insight into what Congress, courts, and victims' lawyers are actually uncovering. Get ready for an unvarnished look at the money trail, why survivors and Congress push for more transparency, what hasn't been released, and what law firms must keep their eyes on as the case evolves. On Part 1 of this series, Gregg and Adam discuss: - The disappointing "big reveal": why the recent batch of Epstein files was a dud for transparency - Why the money trail—financial institutions' role—matters more than leaked emails - Senator Ron Wyden's push to release suspicious activity reports from Treasury and FinCEN - How lawsuits against JP Morgan, Deutsche Bank, and others could drive major reforms - The problem of "whack-a-mole" financial regulation: banks vs crypto - The elusive "smoking gun": what's truly left unreleased, and why lawyers should care - The intersection of sex abuse, institutional accountability, and federal resources - DOJ's million-dollar overtime spend—and concerns about diversion and coverup - Predictions on clemency, Congressional interest in interviewing Ghislaine Maxwell, and the unknown unknowns ahead Key Actionable Takeaways for Law Firms: - Anticipate future reforms: Watch for Congressional and regulatory pushes that could change - banking oversight and legal compliance in the wake of settlements. - Follow the money: In high-profile cases, financial documentation and suspicious activity reports may be more revealing—and actionable—than emails. - Prepare for survivor-driven litigation: Victims' attorneys won't stop; expect more suits demanding transparency, accountability, and financial institution responsibility. - Demand robust internal investigations: Advise clients, especially financial institutions, to audit and strengthen oversight to avoid being the weak link in the chain of abuse. - Monitor DOJ and regulatory trends: Keep tabs on resource allocation, legislative changes (like the Transparency Act), and federal court developments for proactive legal strategy. Don't miss this episode if you want to understand the legal landscape shaping the future of transparency, accountability, and survivor advocacy—or if you just want to know, once and for all, what's really hidden in the Epstein files. Learn more about our guest here: https://www.adamklasfeld.com/ 

JP Morgan has quietly flipped its stance on Bitcoin, a move that historically appears near major market turning points. Public skepticism paired with private positioning often signals the final shakeout before a much larger move. At the same time, gold has just doubled for the first time since 1979. In past cycles, gold leads and Bitcoin follows with far greater upside. If that pattern holds, a 10x Bitcoin move into 2026 is not unrealistic. While governments expand powers to freeze accounts and tighten financial controls, institutions like BlackRock and JP Morgan are accumulating Bitcoin and building the infrastructure around it. This video breaks down the data, the timing, and why retail is always pushed out before the real move begins. Watch the signals, not the headlines. Follow Nathan on Twitter @theBTCmentor Study Bitcoin! www.BTCsessions.ca/learn Please Like, Share, and Subscribe to my channel!

Crypto News: Bitcoin price seems to be manipulated but a bullish setup is hinting that a major rally is coming. Tech giant to launch crypto wallet, fintech L1s will bomb: Dragonfly exec.Brought to you by

As we turn the calendar to 2026, I reveal my forecasts for the stock market, interest rates, and top asset classes, and take a look back at how my 2025 predictions stacked up against reality. From the S&P 500's rollercoaster performance to the ongoing rivalry between growth and value stocks, and even a showdown between bitcoin and gold, I break down what the numbers were, where I hit the mark, and where I missed. You'll also hear my insights on international versus U.S. stocks, the outlook for small caps, and what the Federal Reserve might do with interest rates in the year ahead. Get ready for smart strategies, listener thank-yous, and a dose of investing reality as I help you set expectations (and goals) for the year to come! You will want to hear this episode if you are interested in... 00:00 Happy New Year! 04:34 S&P 500 Trends and Predictions. 07:49 Market Trends & 2025 Predictions. 08:54 Bitcoin vs Gold & Stock Returns. 11:17 Importance of diversifying with international stocks. 14:20 Investment Predictions for 2026. 17:36 Stay invested to make the best financial gains. How did my 2025 market predictions fare? 2025 turned out to be another rollercoaster, with both triumphs and challenges for investors. Beginning with an impressive performance, the S&P 500 flirted with a 20% annual return, after two previously remarkable years (+25% in 2023 and +23% in 2024). Volatility struck early in April due to concerns about tariffs and political tensions, leading the index to drop as much as 18% year-to-date before rebounding sharply. The market often experiences significant intra-year declines, on average, 14-15% since the 1970s, so these swings are more common than many investors realize. Despite underestimating the final S&P 500 return in my 2025 prediction, it's important to stick with your plan through turbulence. Growth vs. Value One of the perennial debates in investing is whether growth stocks (think Apple, Nvidia, and Microsoft) or value stocks (like JPMorgan, Walmart, and Berkshire Hathaway) will come out on top. While value historically outperformed over the long term, the last decade and a half has belonged to growth. I predicted value would outperform in 2025, but growth eked out the win yet again, maintaining its streak. The ETF comparison, Vanguard's VONG for growth and VONV for value, shows just how close the race was, with both categories putting up strong numbers. Large vs. Small Caps: The Size Dilemma Size matters in investing, particularly when it comes to large-cap (S&P 500) versus small-cap (Russell 2000) stocks. I expected small caps to shine in 2025, but large caps led for the fifth consecutive year. The good news is that small caps narrowed the gap, hinting that a turnaround could be on the horizon as economic and regulatory shifts potentially favor these underdogs. Bitcoin vs. Gold For those seeking diversification, Bitcoin and gold are often top contenders. After years of jaw-dropping surges and gut-wrenching drops for Bitcoin, 2025 saw gold steal the spotlight with a phenomenal gain, its best showing since the 1970s, while Bitcoin stumbled. Still, I believe Bitcoin's day in the sun isn't over and predict it will bounce back in 2026. U.S. vs. International Global diversification hasn't paid off for U.S. investors in recent years, as U.S. stocks consistently outpaced their international counterparts. In 2025, the tides turned and international stocks delivered their strongest performance in 15 years, besting the S&P 500's return. It's a timely reminder not to ignore the opportunities abroad, even if I feel U.S. equities still have the edge for 2026 due to ongoing innovation and growth potential. Interest Rates and Federal Reserve Few factors move markets like interest rate decisions. Predicting three cuts and a year-end rate of 3.5–3.75%, I called it accurately for 2025. Looking to 2026, I expect another two cuts, with possible changes in leadership at the Fed adding an extra dose of uncertainty. Key Takeaways for 2026 So, what's the game plan for the coming year? I predict a tempered 8.5% return for the S&P 500, a possible value and small-cap renaissance, Bitcoin's comeback, U.S. stocks leading, and a cautious but optimistic approach to interest rates. But the most valuable advice is to stay invested. Market timing is notoriously difficult, and missing just a few of the market's best days can devastate long-term returns. For those investing for a comfortable retirement, discipline and diversification remain your best allies. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Berkshire Hathaway J.P. Morgan ExxonMobil Walmart United Healthcare Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

Leading treasury teams across borders isn't just about numbers - it's about people, adaptability, and strategic vision.In this episode, Mike Larsen,Global Head of Client Treasury at Computershare reveals how he's built and led treasury teams on three continents, and what it really takes to thrive in today's complex, global financial environment.Mike Larsen is the Global Head of Client Treasury at Computershare. With a 25 year career that has spanned top financial institutions like PwC, JP Morgan, and HSBC across the US, UK, and Asia, Mike brings deep expertise in building and leading global treasury functions. At Computershare, he has spearheaded a major treasury transformation, helping the company navigate explosive growth and increasing complexity.This episode delivers a masterclass in global treasury leadership. Mike Larsen shares firsthand lessons from building and leading treasury teams across the US, Europe, and Asia - adapting to cultural nuances, managing multi-billion-dollar portfolios, and transforming operations through technology.What We Cover in This Episode:Mike's global career journey through San Francisco, New York, London, and Hong KongThe critical role of mentorship and networking in treasury career developmentThe evolution of Computershare's treasury function and managing $80+ billion in client assetsHow to adapt leadership style across cultural contexts and global teamsThe importance of control frameworks, cash forecasting, and risk assessment in modern treasuryLessons learned from crises: treasury's role in resilience and transformationAdvice for aspiring treasury professionals on taking career risks and building influenceWhether you're a rising treasury professional or a seasoned leader, this episode offers practical strategies and mindset shifts to elevate your impact in an increasingly complex financial world.You can connect with Mike Larsen on LinkedIn.---

La jornada está marcada por el alto flujo vehicular a la salida de Bogotá, especialmente por la Autopista Sur hacia Melgar y Girardot, donde el tráfico avanza a menos de 20 km/h y ya se reportan accidentes con víctimas fatales. A esto se suma la preocupación de varios sectores económicos por el aumento del salario mínimo para 2026, que podría encarecer la vivienda, el transporte y los servicios automotrices, además de elevar la informalidad, según gremios y el banco de inversión JP Morgan.En el plano político, el precandidato Juan Carlos Pinzón pidió a la Procuraduría investigar a ministros por presunta participación en política al promover una Asamblea Constituyente. En paralelo, la situación de orden público en el Catatumbo genera alarma nacional, con desplazamientos masivos, presencia de grupos armados ilegales y una grave crisis humanitaria. El panorama se completa con hechos de violencia en Cali, avances en electrificación rural, protestas en Irán, noticias deportivas y tendencias del entretenimiento.See omnystudio.com/listener for privacy information.

The government of the U.S. Virgin Islands alleged in court filings that Jamie Dimon, as chief executive of JPMorgan Chase, knew—or should have known—about Jeffrey Epstein's sex-trafficking activities while the bank maintained Epstein as a client. The USVI's complaint argued that Epstein's conduct was not hidden from view, citing internal bank communications, compliance warnings, and the volume and nature of transactions that allegedly raised red flags over many years. Prosecutors contended that senior leadership was repeatedly put on notice about Epstein's reputation and risks, and that the bank nonetheless continued the relationship, providing services that enabled Epstein's operations.The allegations framed Dimon's knowledge as part of a broader institutional failure rather than a single lapse, asserting that information about Epstein circulated within JPMorgan at multiple levels, including among executives responsible for risk and compliance. While Dimon and the bank denied the claims—maintaining that Dimon had no direct awareness of Epstein's crimes at the time—the USVI argued that the evidence showed a sustained pattern of warnings ignored or minimized. The dispute became central to the territory's civil case against the bank, sharpening questions about executive accountability and whether Epstein's abuse could have been curtailed had financial institutions acted sooner on what they allegedly knew.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

A rumored $4.8 billion margin call just rocked JPMorgan, triggering a silver market meltdown. But this isn't just about metals — it's a warning shot at the fiat system. Is Bitcoin the final escape route? Watch to see how this crisis could fuel the next BTC run.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.

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[CB] around the world are dumping the Fed note, they just aren’t taking on anymore, everything is about to change. Trump’s GDP outshines Biden’s. China is now going to restrict silver, silver is used in electronics, batteries,solar panels etc. Silver prices are going to move. [CB] fraud is now exposed. The Tariff system is the future. The [DS] criminal syndicate is being exposed, it’s not just in DC it is world wide. As people learn how corrupt the system is and most of the taxes and borrowing goes to support the criminal system the people will be with Trump to remove the Fed. Trump is in the process of bringing down the entire corrupt temple on the [DS]. Trump moves closer to peace with Ukraine, 2026 is going to change everything. Economy Status of the US Dollar as Global Reserve Currency: USD Share Drops to Lowest since 1994  Central Banks diversify their holdings into dozens of smaller “non-traditional reserve currencies.”  The share of USD-denominated assets held by other central banks dropped to 56.9% of total foreign exchange reserves in Q3, the lowest since 1994, from 57.1% in Q2 and 58.5% in Q1, according to the IMF's new data on Currency Composition of Official Foreign Exchange Reserves. USD-denominated foreign exchange reserves include US Treasury securities, US mortgage-backed securities (MBS), US agency securities, US corporate bonds, and other USD-denominated assets held by central banks other than the Fed. Excluded are any central bank's assets denominated in its own currency, such as the Fed's Treasury securities or the ECB's euro-denominated securities. It's not that foreign central banks dumped US-dollar-denominated assets, such as Treasury securities. They did not. They added a little to their holdings. But they added more assets denominated in other currencies, particularly a gaggle of smaller currencies whose combined share has surged, while central banks' holdings of USD-denominated assets haven't changed much for a decade, and so the percentage share of those USD assets continued to decline.   Central banks' holdings of foreign exchange reserves in all currencies, and expressed in USD, rose to $13.0 trillion in Q3. Top holdings, expressed in USD: USD assets: $7.41 trillion Euro assets (EUR): $2.65 trillion Yen assets (YEN): $0.76 trillion British pound assets (GBP): $0.58 trillion Canadian dollar assets (CAD): $0.35 trillion Australian dollar assets (AUD): $0.27 trillion Chinese renminbi (RMB) assets: $0.25 trillion Source: wolfstreet.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");  https://twitter.com/elonmusk/status/2004750391435755846?s=20 https://twitter.com/ElectionWiz/status/2004928015172821228?s=20 https://twitter.com/ElectionWiz/status/2004946780216328590?s=20  Political/Rights https://twitter.com/Patri0tContr0l/status/2004590513182367845?s=20  https://twitter.com/Geiger_Capital/status/2005107085865103608?s=20 ICE: 70% Arrested Had Criminal Ties Roughly 70% of illegal migrants arrested by U.S. Immigration and Customs Enforcement (ICE) under the second Trump administration reportedly had been convicted of or faced charges for criminal offenses. New data provided to the Washington Examiner shows the Trump administration arrested about 595,000 illegal immigrants between Jan. 20 and Dec. 11, according to the Department of Homeland Security. ICE said 70%, roughly 416,000, had “criminal convictions or pending criminal charges” in the United States, underscoring President Donald Trump’s promise to prioritize the “worst of the worst” in immigration enforcement. ICE officials stressed that even those without U.S. criminal records can still pose major public safety threats, the agency said, noting many are wanted abroad for violent crimes or have ties to gangs, terrorism, or other serious offenses. “This statistic doesn’t account for those wanted for violent crimes in their home country or another country, INTERPOL notices, human rights abusers, gang members, terrorists, etc. The list goes on,” an ICE spokesperson told the Examiner. Source: newsmax.com   New Files Show Epstein Was ‘Too Useful' for Banks to Drop — Trump Was ‘Too Politically Dangerous' to Keep  The newest Epstein disclosures include deposition testimony that illustrates, in unusually concrete detail, how major financial institutions assessed risk, value, and accountability. The transcript does not add new allegations about Epstein. Instead, it explains why he remained bankable long after his 2008 conviction and why his relationship with major banks survived despite generating almost no traditional revenue. That institutional logic is the same logic that later drove JPMorgan to end its ties with Trump Media, and the contrast between the two cases shows how selectively these standards are applied. In the deposition, Paul Morris—a private banker who handled Epstein's accounts at JPMorgan Chase and later Deutsche Bank—described Epstein's financial profile with unusual precision. Epstein's trading was minimal. His accounts produced limited fees. He was not a high-activity client and did not utilize the investment tools that banks rely on to generate consistent revenue. By every conventional benchmark, he was a low-value account. And yet, the relationship continued. The deposition shows why. Epstein was not retained for his financial performance but for his institutional usefulness. Morris acknowledged that Epstein facilitated introductions to ultra-wealthy individuals that the bank viewed as essential prospects. One example was Leon Black, whom Morris identified as a “priority prospect” because of Black's significant net worth and influence in the investment sector. Epstein introduced the bank to real-estate investor Andrew Farkas and discussed a potential connection involving biotech investor Boris Nikolic, who had ties to Bill Gates. These introductions were specific, documented, and initiated by Epstein, not the bank. This is the key element that many public accounts overlook. Epstein was not being managed as a traditional client. He functioned as a relationship broker inside a system where introductions to power carry more internal value than account-level returns. Source: thegatewaypundit.com  DOGE Geopolitical The EU Leaders Shouting About Visa Bans Are the Same EU Leaders Who Sent Political Operatives Into the U.S. to Support Kamala Harris  EU leaders from across the spectrum of their collective assembly, are furious with the administration of President Donald Trump for restricting their entry into the United States by blocking their visa permissions.  However, these same EU leaders are the people who sent operatives into the United States in order to interfere in our 2024 election. The Vice President of the European Commission, Kaja Kallas, sums up the European position: “The decision by the U.S. to impose travel restrictions on European citizens and officials is unacceptable and an attempt to challenge our sovereignty. Europe will keep defending its values — freedom of expression, fair digital rules, and the right to regulate our own space.” The “attempt to challenge our sovereignty” statement is a particular type of hubris when we consider THIS: GREAT BRITAIN (October 2024) – The British Labour Party is sending approximately 100 current and former staff members to the United States to work for Vice President Kamala Harris' campaign in key swing states. [SOURCE – LINKEDIN] Not only did the U.K attempt to challenge our sovereignty, but they also actively worked to influence the outcome of our national election in 2024. It is worth remembering the British intelligence operation, (Secret Intelligence Service (SIS), commonly known as MI6), was at the center of the Trump-Russia collusion conspiracy in 2016. The first EU political group to be targeted with the visa bans includes French former EU commissioner Thierry Breton, who was one of the architects of the EU's Digital Services Act (DSA). Also: Imran Ahmed, the British CEO of the U.S.-based Center for Countering Digital Hate, Anna-Lena von Hodenberg and Josephine Ballon of the German non-profit HateAid, and Clare Melford, co-founder of the Global Disinformation Index. https://twitter.com/GeneHamilton/status/2004656229684224393?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2004656229684224393%7Ctwgr%5E91706d63d41394916634b106fbd2268d7711e121%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftheconservativetreehouse.com%2Fblog%2F2025%2F12%2F27%2Fthe-eu-leaders-shouting-about-visa-bans-are-the-same-eu-leaders-who-sent-political-operatives-into-the-u-s-to-support-kamala-harris%2F https://twitter.com/GeneHamilton/status/2004656234910433405?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2004656234910433405%7Ctwgr%5E91706d63d41394916634b106fbd2268d7711e121%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Ftheconservativetreehouse.com%2Fblog%2F2025%2F12%2F27%2Fthe-eu-leaders-shouting-about-visa-bans-are-the-same-eu-leaders-who-sent-political-operatives-into-the-u-s-to-support-kamala-harris%2F Source: theconservativetreehouse.com https://twitter.com/michaelgwaltz/status/2005058695647166898?s=20 https://twitter.com/visegrad24/status/2005035840934723894?s=20 War/Peace   EIGHT, perhaps the United States has become the REAL United Nations, which has been of very little assistance or help in any of them, including the disaster currently going on between Russia and Ukraine. The United Nations must start getting active and involved in WORLD PEACE!   the United States is capable of doing. Under my leadership, our Country will not allow Radical Islamic Terrorism to prosper. May God Bless our Military, and MERRY CHRISTMAS to all, including the dead Terrorists, of which there will be many more if their slaughter of Christians continues.   DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA Trump Tasks Military With an ‘Oil Quarantine' Against Venezuela, as Economic Pressure Is Chosen for Now Over Military Action Venezuela's oil industry under maximum pressure.   And now that the extended holidays are over, the socialist regime will have to deal with the veritable siege imposed by the US and its unprecedented armada. Venezuela is running out of storage space for its oil production since some ships are being seized and many others turned around and left.  Now, it arises that Donald J. Trump has directed US forces to enforce ‘an oil quarantine' against Venezuela for at least the next two months. These moves lead many to think that the Trump team will focus on economic rather than military means to pressure Caracas into ousting Maduro. Reuters reported:   Read  more: Source: thegatewaypundit.com Trump Blockade Leaves $1 Billion Of Venezuelan Crude Stranded On Tankers  With a two-month “quarantine” placed on Venezuelan oil by the Trump administration in a foreign policy move called “gunboat diplomacy,” new data estimate that roughly $900 million worth of crude is currently loaded on tankers, unable to depart Venezuela due to the U.S. blockade. “Based on our visual analysis from both shore and space, we estimate that there are around 17.5 million barrels of crude oil floating onboard tankers in Venezuela which are unable to depart due to the ongoing US blockade,” independent research Tanker Trackers wrote on X. “That’s around $900M of oil.” https://twitter.com/TankerTrackers/status/2004713684871078162?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2004713684871078162%7Ctwgr%5E016cd45f97095edcd74bb159f40c4e93caf9794d%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fcommodities%2Ftrump-blockade-leaves-1-billion-venezuelan-crude-stranded-tankers Source: zerohedge.com Trump to POLITICO: Zelenskyy ‘doesn't have anything until I approve it' Trump's comments come ahead of his Sunday meeting with Zelenskyy, who will bring with him a new 20-point plan to end the war President Donald Trump on Friday cast himself as the ultimate arbiter of any peace deal between Ukraine and Russia, in an exclusive conversation with POLITICO. “He doesn't have anything until I approve it,” Trump said. “So we'll see what he's got.” Source: politico.com https://twitter.com/FoxNews/status/2005352028365848993?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2005352028365848993%7Ctwgr%5E1588e24fb392689513bf7b2f064c646c1bf5f470%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F12%2Ftrump-says-russia-ukraine-peace-talks-entering-final%2F  Medical/False Flags 19 Blue States Sue Trump Admin to Preserve Right to Perform Child Sex Changes Last week, Secretary of Health and Human Services Robert F. Kennedy Jr. said he would cut off Medicare and Medicaid funding to any provider that offers so-called gender-affirming treatment to minors. “Under my leadership, and answering President Trump's call to action, the federal government will do everything in its power to stop unsafe, irreversible practices that put our children at risk,” Kennedy said at the time. The Oregon-led lawsuit claims that the decision “exceeds the Secretary's authority and violates the Administrative Procedure Act and the Medicare and Medicaid statutes.” A total of nineteen blue states are suing the Trump administration in a bid to protect the right to perform child sex changes. His office said in a press release: Source: thegatewaypundit.com [DS] Agenda  https://twitter.com/nickshirleyy/status/2004642794862961123?s=20   work way too hard and pay too much in taxes for this to be happening, the fraud must be stopped. https://twitter.com/MAGAVoice/status/2005011311756017964?s=20 https://twitter.com/libsoftiktok/status/2005158623442600391?s=20 https://twitter.com/DataRepublican/status/2005292438114738555?s=20  diabolical. And it’s going to work until we understand that primaries will be more important than generals from here out on. https://twitter.com/C_3C_3/status/2005016429687701811?s=20 https://twitter.com/WarClandestine/status/2005351086115405986?s=20 https://twitter.com/CynicalPublius/status/2005030256382464493?s=20  and your tribe. I spent a lot of my life in the Middle East and Central Asia, working closely with foreign contractors and foreign governments to provide support to American military operations. As a US Army officer with a big checkbook courtesy of Uncle Sam, I can't really count the sheer number of times I was offered bribes to award a contract, or falsify records to do things like create larger (fake) headcounts at places like dining facilities, or to just simply be on the take for future illegal requests. Of course I had enough sense to never comply with such requests. Moreover, they were never explicitly structured as “bribes”; instead it was usually along the lines of “Here I have these Rolexes as gifts for you and your wife to show our friendship.” (Unfortunately, too many US officers and NCOs succumbed to this siren song and ended up breaking rocks in Leavenworth.) The weird thing about this to me was that whenever I turned down such an offering, it was treated as a grave insult. I was the one in the wrong, and not the fraudster trying to bribe me. They considered it rude that I was in their country and refused to accept how things got done. After all, why did I not want to help my tribe by helping their tribe? Let me repeat: in these cultures, FRAUD IS NOT EVEN A CONCEPT. There is only what helps your tribe. Such thought processes are so alien to Americans and much of the West. We are raised on the presumption that our institutions are valid, that the rule of law always prevails, and that integrity is universal. We need these presumptions to have working governments and economies, and without those presumptions—without the mental barrier that causes us not to accept outright fraud—our nation would quickly descend into the economic and social hellscape of countries like…. ummm… you know…. SOMALIA! So when we import people en masse from cultures that accept bribery and fraud as routine, acceptable ways to advance one's tribe, we should not be surprised that things like the $8 BILLION fraud schemes of the Somali population in Minnesota happen so easily. Introducing a fraud-based culture based on tribalism into America is like introducing some sort of lethal virus into a population that has no natural immunity. The virus will spread and grow, unchecked, because it is so alien to the host. Similarly, a culture of fraud is anathema to American thinking, and it must be cut out before it consumes the host. So when you see and hear patriotic Americans decrying what is happening in Minnesota or elsewhere, and when they seek deportation of the offenders, it is not “racism,” it is not “bigotry,” it is not “xenophobia”; instead, it is preserving the American tradition of responsible institutions and national integrity. https://twitter.com/MarioNawfal/status/2005262465190223928?s=20 https://twitter.com/FBIDirectorKash/status/2005305530651189719?s=20   exploiting federal programs. Fraud that steals from taxpayers and robs vulnerable children will remain a top FBI priority in Minnesota and nationwide. To date, the FBI dismantled a $250 million fraud scheme that stole federal food aid meant for vulnerable children during COVID. The investigation exposed sham vendors, shell companies, and large-scale money laundering tied to the Feeding Our Future network. The case led to 78 indictments and 57 convictions. Defendants included Abdiwahab Ahmed Mohamud, Ahmed Ali, Hussein Farah, Abdullahe Nur Jesow, Asha Farhan Hassan, Ousman Camara, and Abdirashid Bixi Dool, each charged for roles ranging from wire fraud to money laundering and conspiracy. These criminals didn't just engaged in historic fraud, but tried to subvert justice as well. Abdimajid Mohamed Nur and others were charged for attempting to bribe a juror with $120,000 in cash. Those responsible pleaded guilty and were sentenced, including a 10-year prison term and nearly $48 million in restitution in related cases. The FBI believes this is just the tip of a very large iceberg. We will continue to follow the money and protect children, and this investigation very much remains ongoing. Furthermore, many are also being referred to immigrations officials for possible further denaturalization and deportation proceedings where eligible. https://twitter.com/ScottPresler/status/2004932316926193933?s=20 https://twitter.com/HarmeetKDhillon/status/2004976287270731981?s=20 https://twitter.com/rising_serpent/status/2005080344610177489?s=20  https://twitter.com/amuse/status/2005092720927232198?s=20  “skeptical jurors” in federal cases involving President Trump. Co-founder Alex Dodds said jurors have “enormous power” to judge the administration itself. Critics report the sessions encourage rigging trials against the administration, conduct plainly barred under 8 USC §1503. President Trump's Plan https://twitter.com/WarClandestine/status/2004653262491058216?s=20 accomplished what no one else could. When we arrived, taxpayers were about to be on the hook for nearly $5 billion for a new headquarters that wouldn't open until 2035. We scrapped that plan. Instead, we selected the already-existing Reagan Building, saving billions and allowing the transition to begin immediately with required safety and infrastructure upgrades already underway. Once complete, most of the HQ FBI workforce will move in, and the rest are continuing in our ongoing push to put more manpower in the field, where they will remain. This decision puts resources where they belong: defending the homeland, crushing violent crime, and protecting national security. It delivers better tools for today's FBI workforce at a fraction of the cost. The Hoover Building will be shut down permanently.  They Got Her: FBI Caught Hillary Clinton Talking Donations with Foreign Felon on Tape As Hillary Clinton closed in on the presidential nomination in the spring of 2016, FBI field officers advised colleagues at headquarters to press her on the foreign donations flowing to the Clinton Foundation while she steered American foreign policy and whether she had used the charity as a campaign piggy bank. But the FBI HQ in Washington — a city in which the former secretary of state and first lady wields enormous influence — let the trail go cold. FBI New York Assistant Director in Charge Diego Rodriguez advised agents in Washington to ask Clinton several questions about the foundation, which are reproduced in full in documents released to the Senate Judiciary Committee by the FBI and published on Dec. 15. The questions reveal the concerns about foreign bribery that the Clinton Foundation case — codenamed “Cracked Foundation” — had uncovered. Among the evidence available to investigators, according to their questions: A recorded conversation between Clinton and Indian hotel magnate Sant Singh Chatwal in which Clinton discussed donations to the foundation and her remaining 2008 campaign debt. The new documents confirm that the FBI had at one time been “intercepting individuals associated with the Clinton Foundation.” Source: westernjournal.com  John Brennan's Lawfare Lawyers are Revealing More Than They Intend   former CIA Director John Brennan are sending proactive letters to the Federal District Court for the Southern District of Florida {SEE HERE}.  However, some of the information included in the letters intended to be exculpatory is actually damning against their defense position. You have to go deep in the weeds to see it but if you understand the details of the events, the information being revealed by Brennan's lawyers is the opposite of helpful to his case.  As an example, there is a citation included in a footnote of the December 22, 2025, [fn #20 page 6] letter that links to a March 31, 2022, letter sent to John Durham. Here's page 6 of the 2025 letter. Compare the underlined section to the 2022 letter sent to John Durham. In 2025 Brennan is telling the Florida court the Intelligence Community Assessment (ICA) conclusion was confirmed by Special Counsel Robert Mueller in a “very serious review.”  However, in 2022 Brennan told John Durham that Robert Mueller never interviewed him or offered an assessment of the ICA; Mueller just regurgitated it. So, which is it? These contradictions are throughout both of the letters when you compare them side-by-side.  In 2022 former CIA Director John Brennan was trying to escape the Durham review.  In 2025 Brennan is trying to escape a grand jury review. [We are aware that the U.S Attorney for the Southern District of Florida, Jason Reding Quiñones, has access to the CTH public library of research into all of these historic events.] There are other citations in the 2022 letter that are certainly worth reviewing because the legally binding statements made by John Brennan at the time have been shown to be false in 2025. Another of the claims in the 2022 letter to John Durham highlights why it was critical for the CIA to assist in the capture and arrest of Julian Assange in 2019. Source: thegatewaypundit.com  Trump: Upcoming Midterms Will Be ‘About Pricing’ The 2026 midterm elections will be “about pricing,” according to President Donald Trump, who said that his administration is restoring the nation’s economy after the condition in which former President Joe Biden left it. “I think it’s going to be about the success of our country,” Trump said in an interview with Politico, the outlet reported Saturday. “They gave us high pricing, and we’re bringing it down. Energy’s way down. Gasoline is way down.” Over the past two weeks, a series of positive economic reports has shown that inflation is decreasing, with the White House highlighting the latest data while addressing cost-of-living concerns nationwide. According to a Politico poll conducted last month, Americans say they are finding that the costs of groceries, utilities, healthcare, housing, and transportation are too expensive. Trump has been fighting to reframe that, however, blaming Democrats under Biden for driving prices up. He said in the interview, conducted Friday, that “electricity is down. It’s way down.” “When the gasoline goes down, and when the oil and gas go down, the electricity comes down naturally,” he said. “But it’s all coming down. It’s all coming down. It’s coming beautifully.” Source: newsmax.com https://twitter.com/WarClandestine/status/2004696380531503505?s=20   the NG will have quick response troops on standby in every state, the FBI building is being moved to a new location, the war between Russia and Ukraine is coming to an end, and all of Trump's pieces will be in place. There seems to be a shift in attitude. I think we are passing into a different phase of the operation. The shadow war will eventually have to come to the surface. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

On today's episode, Kara welcomes Pete Olander, Founder and CEO of Happie — the wellness-focused cannabis brand redefining how we experience plant-based health and vitality.Pete's journey is anything but typical. After launching his career as a private banker at JP Morgan, he made the bold leap into cannabis—building Happie from the ground up into a vertically integrated wellness brand with CBD-infused beverages, premium flower, and kief-infused prerolls. Designed to support relaxation, clarity, and joy, Happie's products are crafted with intention, rooted in organic farming, and built to meet the modern consumer's demand for clean, trustworthy alternatives.In this episode, Pete shares how he went from finance to full-on founder, what it takes to run a compliant cannabis business across multiple states, and why transparency, sustainability, and customer experience sit at the center of Happie's mission. From market expansion to his Vitalism 3.0 philosophy, Pete's story is a masterclass in conviction, credibility, and building something that truly works—from seed to shelf. Are you interested in sponsoring and advertising on The Kara Goldin Show, which is now in the Top 1% of Entrepreneur podcasts in the world? Let me know by contacting me at karagoldin@gmail.com. You can also find me @‌KaraGoldin on all networks. To learn more about Pete Olander and Happie:https://www.drinkhappie.comhttps://www.instagram.com/live_happie/ https://www.instagram.com/polander78/https://www.linkedin.com/in/peter-olander-580a657/ Sponsored By:BetterWild - up to 40% off your order at betterwild.com/KARAGOLDINLinkedIn Jobs - Head to LinkedIn.com/KaraGoldin to post your job for free. Check out our website to view this episode's show notes: https://karagoldin.com/podcast/781

SoftBank is fronting $4 billion to buy DigitalBridge (DBRG). George Tsilis talks about why the firm is making a 10-digit offer for the digital infrastructure company. Amazon (AMZN) started Monday's session lower even after Evercore ISI labeled the Mag 7 company as a top pick for 2026. George later turns to the housing market and explains why JPMorgan cut its price target for the stock. ======== 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

Crypto & bitcoin markets explode into chaos—major selloffs, volatility spikes, and potential institutional shakeups! Get the latest crypto news on whether JP Morgan is collapsing and what this means for bitcoin, XRP, altcoins, and the broader market. 

The government of the U.S. Virgin Islands alleged in court filings that Jamie Dimon, as chief executive of JPMorgan Chase, knew—or should have known—about Jeffrey Epstein's sex-trafficking activities while the bank maintained Epstein as a client. The USVI's complaint argued that Epstein's conduct was not hidden from view, citing internal bank communications, compliance warnings, and the volume and nature of transactions that allegedly raised red flags over many years. Prosecutors contended that senior leadership was repeatedly put on notice about Epstein's reputation and risks, and that the bank nonetheless continued the relationship, providing services that enabled Epstein's operations.The allegations framed Dimon's knowledge as part of a broader institutional failure rather than a single lapse, asserting that information about Epstein circulated within JPMorgan at multiple levels, including among executives responsible for risk and compliance. While Dimon and the bank denied the claims—maintaining that Dimon had no direct awareness of Epstein's crimes at the time—the USVI argued that the evidence showed a sustained pattern of warnings ignored or minimized. The dispute became central to the territory's civil case against the bank, sharpening questions about executive accountability and whether Epstein's abuse could have been curtailed had financial institutions acted sooner on what they allegedly knew.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

In court filings responding to JPMorgan Chase's lawsuit, Jes Staley went on the offensive, arguing that the bank was attempting to shift institutional responsibility for its long relationship with Jeffrey Epstein onto him personally. JPMorgan has alleged that Staley, a former senior executive, misled the bank about Epstein and failed to flag risks, seeking to claw back compensation and damages tied to Epstein-related settlements. Staley countered that the bank's claims were legally and factually flawed, emphasizing that Epstein remained a JPMorgan client through decisions made by multiple committees and compliance systems, not at his unilateral direction.Staley's filings portrayed JPMorgan's case as a reputational maneuver rather than a good-faith effort to establish accountability, asserting that the bank approved, monitored, and renewed Epstein's accounts long after concerns were known internally. He argued that the lawsuit was designed to make him a public scapegoat for broader institutional failures in risk management and governance, while minimizing the role of the bank itself. Although a judge allowed JPMorgan's case to proceed, Staley's aggressive defense reframed the dispute as a contest over who bears responsibility for keeping Epstein as a client—an issue that continues to shadow both the bank and the executive as the litigation moves forward.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

Interview recorded - 17th of December, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming back Alasdair Macleod. Alasdair is an educator for sound money, economics, geopolitics and everything to do with gold and silver. During our conversation we spoke about his review of 2025, inflation, liquidity issues, what to look for in 2026, changing monetary trajectory, Chinese strategy and more. I hope you enjoy!0:00 - Introduction1:26 - Review of 20253:40 - Inflation5:49 - Liquidity issues13:26 - JP Morgan buying bonds15:26 - Global issues21:12 - 2026 trends21:42 - Changing monetary trajectory24:06 - Chinese strategy28:54 - One message to takeaway?Alasdair Macleod is is an educator and advocates for sound money through demystifying finance and economics. His background includes being a stockbroker, banker, and economist.Alasdair Macleod started his career as a stockbroker in 1970 on the London Stock Exchange. Within nine years, he had risen to become senior partner of his firm.Subsequently, he held positions at the director level in investment management and worked as a mutual fund manager. Mr. Macleod also worked at a bank in Guernsey as an executive director.For most of his 40 years in the finance industry, he has been demystifying macroeconomic events for his investing clients. The accumulation of this experience has convinced him that unsound monetary policies are the most destructive weapon governments use against the common man. Accordingly, his mission is to educate and inform the public in layman's terms what governments do with money and how to protect themselves from the consequences.Alasdair Macleod - Substack - https://alasdairmacleod.substack.com/Twitter - https://twitter.com/MacleodFinanceLinkedIn - https://www.linkedin.com/in/alasdair-macleod-9494b27/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

In filings in 2023, former Jes Staley asked a federal judge in Manhattan to dismiss JPMorgan Chase's lawsuit against him related to the bank's handling of its relationship with Jeffrey Epstein. JPMorgan sued Staley seeking to recover compensation and losses tied to two lawsuits the bank faces over its work with Epstein, alleging Staley misled the bank about Epstein's character and conduct and failed to address internal concerns about keeping Epstein as a client. In response, Staley argued that the bank's claims lacked both legal and factual basis, and he urged the judge to throw out the case because the bank was unfairly trying to pin blame on him for broader institutional decisions made by JPMorgan. Staley specifically accused the bank of using him as a “public relations shield” to deflect criticism and responsibility for its own alleged failures in managing its relationship with Epstein rather than focusing on substantive legal issues.A federal judge later denied Staley's motion to dismiss, saying the case would proceed and that explanations would follow in written orders. Staley's defense centered on the idea that JPMorgan could not plausibly hold him solely responsible for decisions made by the bank years earlier, especially when there were no clear allegations that he directly facilitated Epstein's criminal activities or knew of them firsthand. His contention was that JPMorgan was attempting to deflect scrutiny from its own policies and practices by placing him at the center of high-profile litigation, turning him into a scapegoat for reputational purposes. The legal dispute was part of broader litigation tied to Epstein's network and the bank's role in enabling his financial activities.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

In September 2023, a federal judge in Manhattan granted former JPMorgan executive Jes Staley permission to depose one of the unnamed Jeffrey Epstein accusers who had sued JPMorgan Chase & Co. alleging the bank benefited from Epstein's crimes. The ruling allowed Staley's legal team to question the woman—identified in filings only as Jane Doe—in person in the city where she lives, despite her previously expressed concerns about facing what her attorneys described as potentially intrusive questioning. This order came in the context of a broader settlement between JPMorgan and Epstein's victims, and situated within the ongoing pretrial litigation over the bank's liability and Staley's role in the bank's relationship with Epstein.The judge's decision followed arguments from Staley's lawyers that questioning the accuser was necessary to challenge key factual assertions about what she knew and when, which bear on claims against Staley personally in JPMorgan's third-party complaint. Staley's request was distinct from and in addition to his own scheduled deposition in the broader litigation involving the U.S. Virgin Islands and other plaintiffs, and the judge's order set logistical parameters for how that deposition of the accuser would be conducted before fact discovery closed.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

In September 2023, a federal judge in Manhattan granted former JPMorgan executive Jes Staley permission to depose one of the unnamed Jeffrey Epstein accusers who had sued JPMorgan Chase & Co. alleging the bank benefited from Epstein's crimes. The ruling allowed Staley's legal team to question the woman—identified in filings only as Jane Doe—in person in the city where she lives, despite her previously expressed concerns about facing what her attorneys described as potentially intrusive questioning. This order came in the context of a broader settlement between JPMorgan and Epstein's victims, and situated within the ongoing pretrial litigation over the bank's liability and Staley's role in the bank's relationship with Epstein.The judge's decision followed arguments from Staley's lawyers that questioning the accuser was necessary to challenge key factual assertions about what she knew and when, which bear on claims against Staley personally in JPMorgan's third-party complaint. Staley's request was distinct from and in addition to his own scheduled deposition in the broader litigation involving the U.S. Virgin Islands and other plaintiffs, and the judge's order set logistical parameters for how that deposition of the accuser would be conducted before fact discovery closed.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-moscow-murders-and-more--5852883/support.

Should you be buying this precious metal this Christmas? Find out what it is today as we reflect on how instant gratification, social media, and shifting consumer behavior mirror broader economic changes. We also talk practical year-end investing discipline, including portfolio "hygiene," investor psychology alignment, rule-based decision making, and tax-loss harvesting strategies. We explore assesing holdings as if investing fresh today, managing oversized winners and stagnant losers, watching natural market turning points around year-end, while also exploring inflation trends, shrinkflation, housing affordability, and generational cost pressures. We also urge listeners to use the final weeks of the year to review risks, taxes, family financial clarity, and opportunities ahead. Thoughtful preparation, not momentum or emotion, drives long-term investment success. We discuss...  The importance of year-end portfolio assessment, emphasizing reviewing holdings as if investing fresh today to determine alignment with investor psychology. Manage oversized winners, stagnant losers, and follow disciplined, rule-based investment practices rather than ego-driven decisions. Tax-loss harvesting is a key strategy, including the special advantage that crypto is treated as property and not subject to the 30-day wash-sale rule. Monitoring natural market turning points, particularly around year-end, to identify potential buying opportunities in beaten-down assets. Gold's leadership in the rally, silver's sharp recent gains, and the implications of JP Morgan shifting from short to long silver positions. Basel III banking regulations and the possibility of global banks increasing gold holdings if U.S. deficits rise above projected thresholds. Strategies for buying gold and silver, emphasizing buying for weight to minimize premiums and potentially profiting from historical spreads in coin pricing. Have caution with rare coin premiums, only experienced investors should consider numismatic factors, otherwise stick to weight-based purchases. Inflation indicators, using Campbell's Soup can pricing as a proxy for quality-adjusted inflation over decades. Shrinkflation and the rising cost of essentials for younger generations, noting housing, insurance, and other expenses have outpaced wages. Recent trends in housing, including declining new home prices but smaller home sizes, illustrating hidden inflation and cost pressures.   Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | Mergent College Advisors Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast For more information, visit the show notes at https://moneytreepodcast.com/buying-this-precious-metal-this-christmas-775 

In filings in 2023, former Jes Staley asked a federal judge in Manhattan to dismiss JPMorgan Chase's lawsuit against him related to the bank's handling of its relationship with Jeffrey Epstein. JPMorgan sued Staley seeking to recover compensation and losses tied to two lawsuits the bank faces over its work with Epstein, alleging Staley misled the bank about Epstein's character and conduct and failed to address internal concerns about keeping Epstein as a client. In response, Staley argued that the bank's claims lacked both legal and factual basis, and he urged the judge to throw out the case because the bank was unfairly trying to pin blame on him for broader institutional decisions made by JPMorgan. Staley specifically accused the bank of using him as a “public relations shield” to deflect criticism and responsibility for its own alleged failures in managing its relationship with Epstein rather than focusing on substantive legal issues.A federal judge later denied Staley's motion to dismiss, saying the case would proceed and that explanations would follow in written orders. Staley's defense centered on the idea that JPMorgan could not plausibly hold him solely responsible for decisions made by the bank years earlier, especially when there were no clear allegations that he directly facilitated Epstein's criminal activities or knew of them firsthand. His contention was that JPMorgan was attempting to deflect scrutiny from its own policies and practices by placing him at the center of high-profile litigation, turning him into a scapegoat for reputational purposes. The legal dispute was part of broader litigation tied to Epstein's network and the bank's role in enabling his financial activities.to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

For years, gold was the asset nobody wanted to talk about. It sat there quietly while stocks and real estate continued to rip. Gold was for pessimists. For doomsayers and perma-bears.And then suddenly… gold didn't just wake up. It launched. As of mid-December 2025, spot gold is trading around $4,300–$4,400 an ounce, depending on the market, marking a gain of roughly 60% over the past year and pushing decisively into record territory. The obvious question is: why now? The short answer is that gold isn't reacting to one thing. It's responding to a stacking of pressures that have been quietly building for years and are now impossible to ignore.Start with central banks. For the better part of the last decade, central banks were net sellers or indifferent holders of gold. That changed dramatically after 2022. According to the World Gold Council, central banks have been buying gold at more than double the pace of the pre-COVID years, and 2025 continues that trend, with hundreds of tonnes added to reserves year-to-date. These aren't hedge funds chasing momentum. These are monetary authorities making deliberate, strategic decisions about what they trust to hold value. Why would central banks suddenly want more gold? Because geopolitics has re-entered the chat. We now live in a world where reserves can be frozen, payment systems can be weaponized, and “risk-free” assets depend heavily on political alignment. The World Bank has been explicit that rising geopolitical tensions and global uncertainty are key drivers of gold's surge this year. When trust in the global order erodes, gold benefits. At the same time, the U.S. dollar devaluation thesis is no longer fringe thinking. It is reality.Gold is priced in dollars, and when real yields fall and the dollar weakens, gold historically performs well. That dynamic is playing out again. Reuters has repeatedly pointed to a softer dollar and declining Treasury yields as near-term tailwinds for gold's rally . Bank of America's research echoes this relationship, emphasizing gold's inverse correlation to the dollar and the growing desire among nations to diversify away from dollar-centric reserves . In other words, gold isn't just going up because people are scared. It's going up because confidence in fiat discipline is eroding, slowly but persistently. So…Is gold still a buy or did we miss it? The truth is, both answers can be correct. Yes, gold is expensive relative to where it was a year ago. You don't go up 60% without pulling future returns forward. But what makes this cycle different is that many of the buyers driving demand are price-insensitive. Central banks don't care if gold is up 20% or down 10% in a quarter. They care about long-term reserve integrity. That's why major institutions aren't dismissing the move as a blow-off. Goldman Sachs has cited sustained central-bank demand and the potential for further ETF inflows as supportive of higher prices. J.P. Morgan continues to frame gold as a beneficiary of geopolitical instability and monetary uncertainty, and Bank of America is projecting prices as high as $5,000 an ounce into 2026. Of course, nothing goes up in a straight line. A shift toward tighter monetary policy or a sudden easing of global tensions could cool enthusiasm. Understand though, that gold's breakout isn't just about gold. There is a larger message that should be taken away from all of this. Hard money has come back into favor. Gold is the original hard asset. It's scarce, politically neutral, and has thousands of years of monetary credibility. But it's also heavy, difficult to move, and awkward in a digital world. Bitcoin exists on the same philosophical axis. Both gold and Bitcoin are reactions to the same problem: expanding debt, monetary dilution, and declining confidence in centralized control. Gold is the conservative expression of that view. Bitcoin is the aggressive one. Today, Bitcoin trades around $86,000, still volatile, still controversial, still misunderstood. But if gold's surge is signaling a regime shift toward hard assets, then Bitcoin may simply be earlier in that adoption curve. In other words, gold may be leading the parade. And if history is any guide, when institutions start moving into the oldest form of sound money, they eventually begin exploring the newest. That's the signal worth paying attention to. So this week, I interview Dana Samuelson, an old friend of the show and an expert in everything gold and hard money. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com.  Gold isn’t reacting to one thing, it’s actually responding to a stacking, uh, pressures, uh, that have been quietly building for years and, and really right now are impossible to ignore. Welcome, everybody. This is Buck Joffrey with the Wealth Formula Podcast coming to you. From Montecito, California and today. Uh, before we begin, just a quick reminder. Uh, there is a, uh, website associated with this podcast called wealth formula.com. And, uh, that’s where you go to get deeply more deeply integrated into this community, including our accredited investor club, AKA investor club for you to join. And, uh, once you get onboarded, all you do is you, you have an opportunity to see private deal flow, uh, that, uh, is not available to the general public. If you are an accredited investor, meaning that you have, uh, make $200,000 per year or $300,000 per year, uh, for the last two years with the reasonable expectation of continuing to do so, or you have a million dollars outside of your personal residence, a net worth, then you are an accredited investor and. All you need to do is sign up and join the club. Just go to wealth formula.com and sign up and get onboarded. Now, let’s talk a little bit about something that has been extraordinary this year. It’s gold. You know, for years, gold was the asset that nobody wanted to talk about. I mean, it sat there quietly. Well, stocks and real estate continue to rip. Um. Gold really is really, you know, was for the pessimists. For the doomsayers and the perma bears. I mean, I, I gotta tell you, I kind of am was one of those people, right? And then suddenly gold didn’t just wake up. It, it totally launched, exploded in his mid-December 2025. Spot Gold is trading around, I know, 4300, 4400 an ounce, depending on the market, gaining roughly 60% over the past year. Pushing decisively into record territory. Now the obvious question is why now? Well, the short answer is that gold isn’t reacting to one thing. It’s actually responding to a stacking, uh, pressures, uh, that have been quietly building for years and, and really right now are impossible to ignore. And this is an interesting shift because. The thing is that in the old days, and I’m even talking about 15, 20 years ago, uh, you would look at gold as something that didn’t really go up when the stock market was doing well, right? It was kind of a reaction. It was a fear-based thing. It still is sort of a fear-based thing, but now it’s not just fear of, you know, whether the stock market’s gonna crash. It’s fear of geopolitical concerns. That’s where the central banks come in, right? So for the better part of the last decade, central banks were net sellers. Or really indifferent of holders of, of gold, and that changed dramatically after 2022. So according to World Gold Council, central banks have been buying gold at more than double the pace of the pre COVID years. And 2025 continued that trend with hundreds of tons, uh, added to reserves year to date Now. These are central banks. They’re not hedge funds chasing momentum, right? They’re monetary authorities and they’re making deliberate strategic decisions about what they trust to hold value. And why would central banks suddenly want more gold? Well, because again, geopolitics has reentered that chat. We live in a world now where reserves can be frozen, right? Payment systems can be weaponized. Risk-free assets depend heavily on political alignment. Now of course, I’m talking about the United States when I’m mentioning all those things, right? Uh, how we can kind of just freeze assets of Russia and that kind of thing. I’m not, uh, pro-Russia, I’m just pointing out the fact that. Countries don’t like it when you freeze their assets. Right? The World Bank, uh, has been explicit that rising geopolitical tensions and global uncertainty are the key drivers of gold surges this year. And when trust in the global Ory roads, of course that is now when gold benefits and at the same time, the US dollar devaluation thesis is no longer just kind of fringe thinking. It’s reality. No one, no one even bothers to pretend that that’s not happening. So gold is, uh, of course, priced in dollars and when real yields fall, uh, and the dollar weakens gold historically performs well so that that dynamic is playing out again as well. In fact, Reuters has repeatedly pointed to a softer dollar and declining treasury yields as near term tailwinds for Gold’s Rally Bank of America. Uh, their research shows, uh, this relationship emphasizing gold’s inverse correlation to the dollar and the growing desire among nations to diversify away from the dollar centric reserves. In other words, gold isn’t just going up because people are scared. It’s going up because confidence in the fiat discipline is eroding altogether slowly. Persistently. So the question is, is gold still a buyer? Did we miss it? I mean, I just mentioned that it just went up by like 60%, right? So that’s a tricky question. It really is. I could certainly see some volatility there. But here’s the thing. I mentioned that central banks were big buyer, right? Central banks don’t care if gold is up 20% or down 10% in a quarter. They care about long-term reserve integrity. So they’re a price insensitive buyer. Um, and that’s why major, major institutions aren’t dismissing the move, as you know, just a big blow off. Uh, Goldman Sachs cited sustain central bank demand, and the potential for further ETF inflows is supportive of higher prices. Banks, uh, like JP Morgan and um, and, and Bank of America. I mean, they’re continuously talking about how gold is a beneficiary of this geopolitical instability. Bank of America is projecting prices high as $5,000 a ounce in 2026. So that’s still a big move, right? Of course, nothing goes up in a straight line. So shift toward tighter monetary policy or sudden easing of global tensions. Well, I, I could, they could cool enthusiasm, right? The less fear in the world. Well, that isn’t. That’s not good for gold. I understand though that gold’s breakout isn’t just about gold. There’s a larger message that should be taken away from all of this, and that is that hard money, real assets have come back into favoring, and gold is the original hard asset. It’s scarce, it’s politically neutral, tens of thousands of years of monetary credibility, but it’s also heavy, difficult to move and awkward in a digital world. Now, of course you know where I’m going with that. I don’t wanna make every gold conversation conversation about Bitcoin, but just as a reminder, Bitcoin exists on that same philosophical access, right? Both gold and Bitcoin are reactions to the same problem. Expanding debt, monetary dilution, declining confidence and centralized control. Gold is the conservative, you know, version of that, the expression of that Bitcoin is the crazy youngster, the aggressive one. They’re, they’re following the same rails. And today Bitcoin trades around $86,000. It’s still volatile, still controversial, still misunderstood, and really, listen, the market cap is 2 trillion bucks. Um, you know, no asset that has ever reached $2 trillion. Market cap has ever gotten to zero. But on the other hand, there’s it, it’s pretty small, and you could still move those markets really quickly, and that’s why you’ve got volatility. But if gold surge is signaling a, a, a shift towards hard assets, it’s really hard to not see that. Uh, Bitcoin may simply be, uh, you know, early in that adoption curve. In other words, gold may be leading the parade. And if history is any guide, uh, when institutions start moving into that, you know, oldest form of sound money, they eventually begin exploring the newest. And that’s, that’s a signal. Worth paying attention to. Anyway, this week what we’re gonna really focus on though is gold and hard money. We’ll talk a little bit about Bitcoin as well. My guest is Dana Samuelson, who is. An old friend of the show, and we will have that conversation right after these messages. Wealth Formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net, the strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own. Bank to invest in other cash flowing investments. Here’s the key. Even though you’ve borrowed money at a simple interest rate, your insurance company keeps paying. You compound interest on that money even though you’ve borrowed it at result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique, it’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its back. Turbo charge your investments. Visit wealth formula banking.com. Again, that’s wealth formula banking.com. Welcome back to the show everyone. Today my guest on Wealth Formula podcast ad Samuelson. He is been on the show before. He’s friend of the show. He is a professional. How do we see this numismatist since, uh, 1980. Working with some of the most influential, precious metals trading companies in the country. Before founding his own American Gold Exchange Incorporated in 1998. Uh, for nearly a decade, he was a personal protege of James U. Blanchard ii, one of the true giants of the industry, and the individual most responsible for re legalizing the private ownership of gold in the us. American Gold Exchange Inc. Is a national mail order, precious metals and rare coin dealership that makes competitive buy and sell markets in mainstream, modern, gold, silver, platinum, palladium, bullion coins and bars and classic pre 1933 US Gold and silver coins and World War ii European Gold coins. I don’t know if I left anything out, but welcome Dana. How are you doing? I’m doing great, buck. Thanks for having me back. I really appreciate it. Well, it was funny, we had a little conversation, uh, just before we started and I said, well, gosh, you know, uh, we’ve had you on the show before, maybe once, maybe twice. And, you know, and, and you, um, I think Apley described the gold market as watching paint dry. And I, I think that’s, I think that’s pretty adequate. Um, I mean, for, I mean, the last decade or so before this all happened. So, so let’s start talking about it. So, gold gold’s moved into price territory that, you know, very few people would’ve predicted even a couple years ago. So what, from your perspective, having lived lived through multiple gold cycles, what feels fundamentally different about this move? Uh, this market is a globally driven market and it’s focused on physical. There’s been a move into gold this year, and silver now platinum two. To a degree palladium, uh, in a physical level that we haven’t seen since the late seventies when we had the last really, you know, red hot market driven by fears over debt inflation. Geopolitics. Uh, you’ve got the bricks, nations that are trying to divorce themselves of the dollar, but they really can’t do it easily because there’s not a good viable alternative except for gold. And that’s been one of the leading drivers of this gold price surge that has really, you know, almost doubled in price since, uh, two years ago. A lot of it is, you know, underpinned by Central Bank Gold buying, you know, between 1950 and 2010, after the dollar became the world’s reserve currency backed by gold. And even after we un pegged the dollar to gold in the 1970s, 1971, central bankers had had gold on their, physically in their vaults from pre-World War ii when gold was money, uh, they shed that. From the 1950 all the way to 2010, they became net buyers after the great financial crisis due to the global debt explosion and primarily quantitative easing printing money outta thin air. But they were buy, they were modest buyers, you know, 500 tons a year until Russia invaded the Ukraine in 2022. And we sanctioned Russia and weaponized the dollar. The last four years, they bought, you know, almost a thousand tons of gold year or double. That really became material last year in price as the cumulative effects of their continually buying about a fifth of what the mines make every year started to really impact supplies and price movement. And now we’ve got President Trump this year, you know, throwing a monkey wrench into the World Trade order with his tariffs. And I think that that’s created a lot of uncertainty, some fear. And of course the debt just continues to go higher and higher. And now interest payments on our debt are over a trillion dollars for the first time ever. So debt servicing is starting to become problematic. The cumulative effects of all this have caused the, the people around the world, including central governments to buy gold at record rates. Um, but it’s not the phenomenon that’s happening in the United States. ’cause we don’t have a gold culture in our country, like almost every other country does. It’s interesting. Um, so what, you know, you’ve been talking about really is central banks around the world have it really been accumulating gold at levels we haven’t really seen in modern times. Right. And, and, uh, why do you think the US Central Bank. It doesn’t do the same because is it an admission of the debasement of the dollar? Because really the gold, gold is the anti dollar. I’ve always viewed it as the anti dollar maybe. Maybe that’s not the, you know, you may not agree with that a hundred percent, but I’ve always viewed it that way, and so why wouldn’t the US hedge and accumulate more? Well, we’re the world’s reserve currency. That Right. That’s, that’s created a paper culture in our, in our world. It’s now three generations old, right? Since 1945, when the dollar became the world’s reserve currency and we, the world went to a paper money standard instead of a gold money standard, which was the world’s standard from ancient times all the way till the 1930s. You know, the, our monetary system when the country was founded in 1793 was based on gold and silver coins. A copper penny was the size of a half dollar because that’s what one penny’s worth of copper was worth in 1793. Right. Um, you know, after World War ii, we had a couple things that the rest of the world didn’t have. We had a manufacturing, uh, industries that were, uh, unaffected by the, physically by the war. And we had, you know, the ability for markets to work properly, which should allow the dollar to become the world’s reserve currency. Backed by, you know, 8,200 some odd tons of gold, the biggest pile of gold that any country had. Actually, at that time it was more like 20,000 tons of gold. Uh, but by the time we got to the seventies and we un pegged from gold, we were down to about 8,000 tons. That’s still more than anybody else is supposed to have. I do think China could have more gold than that. Now they’re just not telling us they do. You know, officially they’ve got about 2,400 tons of gold, uh, and the second and third are, you know, 3000 tons of gold. So we, we still have a lot of gold. And there’s talk about auditing Fort Knox and monetizing it, but it only gets us about a trillion dollars. It’s not enough to really, you affect the 38 trillion, maybe pay the debt off for a year, or, you know, for six months. Six months, yeah. Something like that. Our, our debt is starting to matter too. You know, it’s doubled twice in the last 20 years. It gonna double again in the next 10 to 70 trillion, 78 trillion. People hear about the, the whole, uh, the bricks phenomena, right? And part of, part of what you were just discussing in the, uh, accumulation of gold. Explain that, explain what’s going on over there for people who aren’t paying attention, and you know how that is, how that is playing into all of this. Well, when we sanctioned Russia after they invaded the Ukraine. And seized their assets and threw them off of the Swift International Bank Transfer Payment System. We forced countries that were concerned that if they ran politically afoul of us, we could do the same to them. They forced them into thinking, oh, how do we get some independence from that vulnerability? Potential vulnerability? It’s not easy to replace the dollar. What they’ve, what they’ve been doing is replacing the Swift Bank transfer payment system with a payment transfer system of their own right so they can move money amongst themselves outside of the SWIFT system, number one. And since there isn’t a good viable alternative to the dollar, really the only other asset that makes sense is gold. Gold is a neutral asset. It’s not like you need it for oil or grain or steel. Nobody really needs gold, right? But it’s universally trusted. It’s immediately liquid, and it’s got a couple other things going for it that are unique. Number one, it has no counterparty risk. It’s one of the only assets. It isn’t simultaneously someone else’s liability. And number two, uh, gold in a vault can’t be seized or sanctioned. Right, so they’ve been going to gold, like they’ve been going to gold for, for centuries. It’s just, it hasn’t been that way since after World War ii. It’s a, it’s kinda like a back to the past kind of a situation. It’s sort of back to the future. It’s back to the past. That’s the allure for gold and the reason why they’re accumulating. In fact, they just launched their own currency unit called the unit. 40% backed by gold. The bricks nations have now it’s in its infancy and it’ll take a while for it to really, you know, work. But they’ve been building the components and the infrastructure to get to this point, creating the transfer of payment systems and all the components to go along with that so that they could announce something that they could use as a, as a settlement vehicle for trade, which is really what this is all about. And they’re backing at 40% by gold. Which is material and it’ll become bigger as time passes. Let’s, let’s try talk a little bit about that price movement. Huge. Um, is 60% in the last couple years, is that about right? This year alone, gold’s up 67% on a 12 month rolling basis, 67%. I mean, those are like bitcoin num, you know, type movements in the past. Right. They’re kind of crazy. So a lot of people are looking at those prices today and they’re thinking, well, I’m late to the party. Uh, are they late to the party? How do you, uh, what, what do you think’s going on there? I think the party’s about halfway through. We haven’t got to the late innings yet. I, I really do think this, and this is why this is the fourth major bull run in gold we’ve seen since we went off the gold standard in 1971. We had a a 20 to one run for gold in the seventies that was built on two oil shocks. 18% inflation and a crisis of confidence in the US then for the next 30 years. You know, 25 years a good part of my career. You know, watching gold was like watching paint dry. It traded routinely between three and $500 an ounce until we got into war, uh, following the nine 11 attacks, Iraq and I, Afghanistan, and we went into deficit spending. Then we had a second financial crisis when the great financial crisis hit another bull bull market in gold. Then we had COVID economic closures, another bull market in gold. Now we’ve got a fourth, but it’s lacking what the first three had, which was fear in the US over either economics or geopolitical events. So this gold price has essentially doubled since March or April of 2024. With no fear and a lot of complacency in the US markets. So my, my thinking is what happens if the economy slows down and, you know, the Fed’s gonna lower rates anyway. We know that’s coming with a new Fed chairman in the next five months, six months, number one, that’s good for gold. What happens if we go into a real economic slowdown and the Fed really has to drop rates, or God forbid, go to QE again, right? Or inflation rears its ugly head because the fed’s too accommodative in it. Situation where, you know, supplies are kind of tight still because of the monkey wrench, president Trump has thrown into the World Trade Order. You know, if we get fear in the US that’s when gold could go from 4,000 to, you know, 8,000. And I’m not saying that’s gonna happen, but I do think the trends have driven gold higher are not gonna change anytime soon. One of the things that you’re mentioning is those trends and like even. You know, in the last 15 years ago when I’ve been sort of involved in the investor world, the, the things that we talk about with trends with with gold have changed. I mean, usually you don’t see AI stocks going up with gold, right? Like, I mean, not that AI was around, but the point is tech stocks, that kind of thing. How is that thesis fundamentally changed? Um, I’m not quite sure I understand your question. Well, what I mean is like if gold was, gold used to be, I think it’s, you know, something again that people would buy when they were afraid of, of what’s going on in the equity markets. Right. Uh, that’s clearly not the case now. No, no, not at all. Right. Talk about that change. When did that change happen? How did it happen? This is a globally driven market. It’s not a US-centric market. This is fear around the world. You know, central banks started to underpin this market in 2022 when they stepped up their buying and doubled it. But this year, because of the uncertainty, uh, and some of the fear that President Trump’s tariffs and the way they’ve been deployed, kind of knee jerky, um, and inconsistently. Certainly not diplomatically, right? You know, it’s caused a lot of concern around the world. And for example, in April when President Trump announced the reciprocal tariffs on April 2nd, what happened? The bond market went into the complete dislocation, yields spiked from 4% to 4.5% in a week. The bond values tumble because investors started pulling money out of the, and taking it back home. Money that’d come in from Europe and Asia started to go back. So what did President Trump do? He pulled back the reciprocal tariffs on every country, but China and China said, well, we’re not gonna drop tariffs on you. And he said, well, we’ll ramp ’em up on you. So we went toe to toe with him. Until a week later, we were at 145% tariffs on China, and they were 125% on us. Well, if you’re a Chinese investor and you have real estate or stocks to invest in, and both of which have done badly since COVID or gold, what are you gonna do when your best customer suddenly says, Hey, we really don’t want your products, because that’s what 145% tariffs say to the Chinese. We don’t want your products. You can’t sell ’em here. You gotta go sell ’em somewhere else, but we’re their best customer. So they bought gold. They bought gold handover fist, and they drove the gold price up $500 by themselves during that month. That’s what I mean by fear outside of the us. Yeah. We don’t get it inside. Well, and and that’s fear outside of the markets too, right? I think that’s, that’s the fundamental shift I was trying to get at is true. It used to be that gold was, uh, gold would react on fear of the markets, but now there’s another level of fear, which is geopolitical. And it doesn’t seem like there’s any time soon that that’s gonna end. No, no. I, I, I’ve called it like a run on the bank only. It’s not a run on the bank of like George Bailey’s run on the bank and it’s a wonderful life. This is a run on the gold market, the physical gold and silver and platinum markets. That’s really what this is, and it’s a global rush to buy. And it’s not just central banks, it’s the public as well. Due to uncertainty, part of it’s fear of missing out now that we’ve had a big run in prices too. That’s FOMO in there too. That’s what I’m trying to, that’s part of what I was wondering too though, is like, you know, again, there’s people out there now who, um, are, are looking at this and they might even be listening to us going, gosh, yeah, it really makes sense and I happen to have no gold. What do I do? You know, what do I do now? Do I buy now? And, and I’ll, you know, and, and the next thing you know. I find out this was a frothy market and, and I’m down 20% for the next three years. I mean, that kind of thing. So I, I think it’s a, it is a tricky time, but, so that sort of, I guess, brings up when you think of gold, um, in a portfolio. I mean, you say, you’ve said in the past, it’s not about getting rich. Well, some people really did get rich this time. Uh, you said it’s about preserving wealth, right? So how should investors think about Gold’s role alongside stocks, real estate, and other assets right now? Well, even I think JP Morgan Chase has said this year, you know, instead of a 60 40 portfolio, you should have a 60 20 20 portfolio with 20% bonds and 20% precious metals. Gold in particular, because of what’s been happening. And now we don’t have a gold culture in our country, like most every other country does. So most Americans don’t get it. And that’s part of. We’ve ingrained because the dollar is the world’s reserve currency and it insulates us from currency shocks in commodity pricing primarily. Uh, without that insulation, you know, they might think things a little bit differently, but you know, any good financial planner will say you should have a little bit of precious metals as part of your portfolio, uh, as a hedge against financial uncertainty. And it certainly worked perfectly well during the great financial crisis. And when COVID hit because. Gold tends to counter cyclically, perform in price against stocks and bonds, and it’s always liquid. Now, you’re a real estate investor, you understand real estate. What couldn’t you get in 2009 alone? Right? Bankers wouldn’t give anybody money, right? But if you had gold, you could get liquidity, right? And gold, you know, almost doubled between 2008 and 2011 at the same time when most assets were dropping 50%. That’s an insurance policy for the rest of your money. That’s why I said, look, it’s a way to preserve wealth and have a hedge against financial uncertainty. But in the market that we’re in now, you know, having more than just the, the minimum, which is five to 10% of assets as a, you know, potentially an investment instead of just an insurance policy. That makes sense. But you’re right, you could buy and you could, you know, tie up money that won’t produce anything for a couple years, maybe longer. You also have an insurance policy in case the wheels do come off like they did during the great financial crisis or during COVID. Yeah. Yeah. I was listening to, uh, another podcast. I listened to the, these, uh, guys, the All In podcast, and, uh, Tucker Carlson was on there, and apparently he’s a, you know, huge, uh, physical gold guy. And, and he said, and I, I think he was serious. He said he buries it in his backyard and then he spreads a bunch of, um. Uh, a bunch of, you know, silver beads, uh, out there too, like, just in case no one can like, use a medical metal detector and find it is gold. Uh, let’s talk about that nuance of, of physical gold versus, you know, buying ETFs and all that stuff. What’s your take? I mean, what, what do you tell people when they say, well, gosh, you know, uh, it might be hard for me to store that gold and, and why shouldn’t I just get an ETF and, and talk a little bit about that? Well, I trade ETFs in my IRA account. When I think the, when I think I can harness price movement, that’s what I use ETFs for. You know, they’re a paper representation of gold, uh, that you can trade at the click of a button, physical gold. Is valuable. It’s, you have to find a place to store it. It’s pretty inert, so you can, you can bury it in your backyard, keep the elements out of it, but then there’s some risk there because it could be found, it could be stolen, so you do have to store it somewhere. You can put it in a bank safe deposit box, but I don’t really recommend that because what happens if there’s a banking holiday and you can’t get to it? So having a home safe or maybe, you know, maybe bearing it in the backyard. Is an option if that’s what you wanna do. Or there are independent professionally run storage facilities. There’s a few of ’em around the country that are run by precious metals dealers that are, you know, big entities. Uh uh. So I think they’re trustworthy and they certainly have the ability to service and aren’t properly insured. So that if something happens, you know your value is protected. And that’s primarily what you pay for as a storage fee is a percentage of value. Not so much number ounces that you have there, but the value percentage, because it is an insurance, uh, related value, right? The value goes up, they’ve gotta get more insurance so they get a higher storage fee for that same amount of metal if the value increases, which is unlike other assets. So I do have a couple of those I recommend that are run by professional. Companies that have been in business for years that we know would trust and have performed perfectly. If you wanna store, um, physical metal now gold is compact. You know, a hundred ounces is smaller than a paperback novel and it’s $450,000 worth of value today. You could, I could literally have one bar in each one of my coat pockets and be walking around with almost a million bucks in my pockets, and no one would know. Silver. You know, silver creates a bigger problem because it takes 70 ounces of silver to equal an ounce of gold. So there’s a lot more volume involved and a lot more weight, which is why sometimes these facilities make more sense if you wanna store something that’s more bulky like silver. But if you’re gonna store gold somewhere, that’s not easy to find. You wanna make sure somebody you trust behind you knows where it’s just in case something happens to you. Right? Yeah. Um. What, um, how difficult is it, uh, Dana, for someone to, I guess, say they wanna sell, say maybe they need to sell one of those bricks in your pocket there? Uh, and, and, um, is that a, um, a process that, I mean, it’s, you know, it’s not as easy as clicking a button at that point, right? But to make sure that you get the best possible price for your gold and all that, I mean, you’re not gonna go to a pawn shop and. Oh, that, so like, I, I’m just curious on the mechanics of that. ’cause I’ve, you know, I’ve, I’ve never sold, you know, physical gold for anything. So, so our, our company’s a physical dealer. We’re a hybrid between Amazon and a financial institution. And that, uh, we sell something online or over the telephone. The price is always changing on a minute by minute basis, but it’s like you’re buying shoes. It’s just, you know, you don’t quite know what the price is gonna be. So we physically, you know, figure out which product you should purchase, what’s best for you, and then we ship it to you if you want to sell it, it’s just the reverse of the transaction. You have to present it for delivery, which means you have to ship it back to, uh, your dealer, or, you know, physically deliver to them, and you get paid immediately upon delivery. So, um, you know, we, we do business like a financial institution. You can call us up, place a transaction over the phone. Uh, if it’s a smaller transaction, we’ll do that without deposit funds. If it’s a bigger transaction, we don’t know, you will want funds first, but once we lock in, that’s the price. Just like when you buy stock and then you pay the balance or, or we ship you the merchandise, whichever comes first. Um. You get it, inspect it, make sure you, you got what you’re supposed to get. In fact, it, you know, in the last two years with this gold price just climbing higher and higher, we’ve got a lot of clients that are complacent. They like the stock market that’s been hitting record highs, uh, and they’ve been shedding gold. We’ve actually bought more gold as an industry, not just our company, but as an industry in the last year than we’ve bought in a single year in 20 years. So it’s very easy to reverse the transaction. But what I would tell you. For your listeners is, and this is important, you should buy sovereign minted products, gold ounces, silver ounces, one ounce gold coins. They’re really just round bars made by the US Mint, the Royal Canadian Mint, the British Royal Mint. The Austrian Mint instead of refinery made. One ounce bars or 10 ounce bars or kilo bars of gold because we have a modest but growing problem with Chinese counterfeits. The Chinese can take tungsten and plate it with gold and pass it off as reel, and they can do that much better with refinery made bars that have plain design pictures stamped onto them. They can replicate those very well, but they cannot replicate the intricate pictures. The US Mint or the Canadian Mint, or the Austrian mint, British royal mint stamp onto that one ounce gold coin. We call it a coin. It’s just a round bar made by a mint that struck with dyes like a coin. And all of the mints around the world have introduced minute anti-counterfeiting design elements into the picture that they stamp on their coins to deter Chinese counterfeits. And it’s working. So the most important thing is, you know, do business with a reputable dealer that’s been around a long time, that has a good reputation, not a, not some new entity, right? You wanna find a, a trusted member of the community and develop a relationship that makes buying again or selling very easy. Once you have a relationship with a dealer, and we know the product you’ve purchased, we’ll take it back very easily. Uh, silver is, you know, people talk a lot about it in the context of, you know, the lump it with gold but has very different characteristics. Um, how do you think about silver today? I love silver today. Uh, it’s, it’s a metal at times as hard to love because every time it makes a big gain, it can give it up pretty easily. It’s more volatile than gold, but gold’s about 90% monetary metal in 10%. Commodity metal silver’s about 50 50, but what silver has going for it is, uh, a couple of unique characteristics that virtually no other metal comes, uh, as close to, which is conductivity of heat and electricity. Silver is amazing in that it’s the best at conducting both heat and electricity. I’ve got a one ounce silver coin on my desk here, and if you take this coin and hold it between your fingers and take an ice cube. You can literally cut that ice cube in half in about 6, 7, 8 seconds with a pure silver coin because the heat from your fingers gets transmitted to the coin and goes right through the ice cube. That’s just a simple example of how conductive silver is for temperature, and we have a structural supply deficit in the silver market that we’ve had for about five years now, where the industry. Is consuming more silver than comes out of the ground on an annual basis. So we’re eating into the above ground supply. Uh, so fundamentally that’s the supply and demand equation favor silver. Uh, plus because gold is moved up so much in price, silver is getting a rotation into it because it’s underperformed relative to gold until just recently where it’s played catch pretty sharply in just the last three or four months. If you measure. How many ounces of gold, uh, how many ounces of silver it takes to equal an ounce of gold, the gold to silver ratio back in April. That was a hundred to one, you know, which was an extreme. Today that ratio is a, is a little under 70 to one. It’s 67, 68 to one. So silver has played up in ketchup in price. Where is that historically? Uh, well. Normally it’s between about 40 to one and 80 to one with about 60 to one as the, as the pivot point where it’s in, they’re in equilibrium. But in the last four or five years with gold leading and silver lagging, we’ve routinely been in the 85 to 90 to one range. Uh, and we actually hit a hundred to one in April of this year, uh, which was the highest it’s been, um, except for when we had a kind of a knee jerk in the medals during COVID, which was an anomaly. Uh, didn’t last. So, but anyway. Silver is playing ketchup because it’s been undervalued relative to gold. Um, and we’ve seen, you know, people that wanna be in the metals, but think gold’s a little expensive. They’ve rotated out of gold, and we’ve seen some of that money move into silver and also into platinum. Now, platinum was under a thousand dollars this time of year ago, and it’s almost $1,900 announced today. So it’s almost platinum’s up, uh, almost a hundred percent now. This year where silver’s up 120% this year and a lot of this demand is driven globally. We’ve seen huge demand in silver in India this year because gold is so, has become so expensive, and that’s what I mean by a global run on the, on the bank. It’s not just China, Japan, it’s India too, and Europe as well. Physical buying and et f buying ETFs are available around the world in precious metals now that really haven’t been very impactful until this year. Um, but that’s what the world’s doing, you know? No discussion these days on gold is complete without at least mentioning Bitcoin. Uh, you know, and, and it’s, it’s interesting because, um, you know, even within the, uh, uh, gold world, I mean, there’s, there’s some prominent people who are really bought in to Bitcoin. Like I, Lawrence Lepert has been on the show multiple times now, and Larry’s all in. Um, just curious as a, you know, as a gold person, what do you see where, what do you see the role or do you not believe in this thing? Do you believe it is a, a parallel? Um, I, there’s so many things that you say about gold. That I’m like, yeah, you can say that about Bitcoin too and carry, you know, millions of dollars in your pocket. You can, you know, it’s, uh, there’s a very little amount of it. Um, obviously it’s new, right? Gold has been around for, since the beginning of time and, and now we’ve got 2009 for Bitcoin. What is your view? How are you seeing it? May, how are your colleagues seeing it in the gold space? Well, a couple different points to make here. Um, you know, when, when Bitcoin came out in 20 10, 20 11, you know, one of my friends in the, in the precious metals business told me I should buy it when it was 20 bucks and I didn’t get it. So I didn’t do it, and that was a big mistake on my part. But Bitcoin has one advantage that no other currency or gold has, which you can move serious money over borders easily. You’re right, you can carry it around in your pocket, in your wallet and, um, you know, you carry a lot of value around and transfer it at the, you know, click of a button. And no co counterparty risk, just like you said with gold, right? Yeah. Well, there’s some modest counterparty risk with, with bitcoin that you, you have counterparty risk with gold and theft as well. Um. Bitcoin is volatile. It’s, you know, it’s, it’s very volatile. It’s still the speculative investment. I mean, it was 124,000, you know, four months ago, and now it’s about 85,000, 90,000. So there’s volatility there that gold doesn’t have. But more importantly, what I’ve seen in my career is a generational divide. The older, older people, you know, 45 and older, like gold and silver. Younger people that grew up with phones in their hands like Bitcoin. The volatility in Bitcoin that we’ve seen in these two big selloff cycles in Bitcoin have not the first one, but the second one have helped to bring some of those younger people into the stability of gold, especially in the year when gold is doing pretty well. ’cause it then it kind of has a little bit of that Bitcoin allure, which is, you know, get rich quick. But, um. Bitcoin’s volatile, but it’s here to stay and it is now the most respected cryptocurrency. Like I almost bought Ethereum, you know, 10 years ago when one of my friends was explaining both to me and said that Ethereum basically had better fundamentals. But you know, it’s kind of inventing, it’s kinda like investing in a. What, uh, beta, beta max instead of VHS back in the day. Some of the older people remember that. You bet on the wrong horse, you know? Yeah, exactly. Well, you’ve, uh, you know, you built this, uh, firm on transparency, integrity, uh, in an industry that doesn’t always have the best reputation. Right? So for investors who decide that precious metals belong in their portfolio. Uh, how can they get a hold of you? Well, our website is, uh, A-M-E-R-G-O-L d.com. Uh, we don’t have, you know, 10,000 items on our website. We have a, we have a small listing of what available products are because we stick with mainstream items, products that are primarily easy to sell, uh, competitively priced, widely traded, and easily understood. Um, uh. Uh, email address is info I nfo@amggold.com. Uh, we have a toll, toll free number 806 1 3 9 3 2 3. Uh, we’re consultative in nature. We’ll, we’ll answer any questions. Happily, gladly, uh, no transactions too small or too large. What we really wanna do, uh, is help people because if we do that, we help ourselves. And when you treat people right, it, it comes back. And our industry does have a chair of bad actors. And, um, you, you wanna make sure that you do business with someone reputable that’s been in the industry a long time. And I understand some people may wanna do this locally where they can actually walk into a place of business. Do this instead of over the phone. So look for dealers that have, you know, longstanding, uh, businesses and good reputations. If you see a reputation that, uh, has some complaints, you know, there are other choices for you. But, um, we just try and help people buck. That’s really what we try and do. We certainly have the reputation for it. Dana. So thank you so much for being on Wellfor podcast. Well, thanks for having me. It’s great to see you again, and I wish you a great success in 2026 and a happy holiday season. You too. You make a lot of money, but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concepts here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealth formula banking.com. Welcome back to Show England. Hope you enjoyed it and, uh, I will. Uh, I should admit though, that if you go back and you listen on my, uh, past shows, this is one that I was wrong on. I, I’ve never been a gold bug. My biggest issue with gold. Um, has always been, you know, from an investment thesis that it doesn’t really do anything, doesn’t yield anything, and what’s the point of owning it rather than owning, uh, real estate. And actually, if you just look at what I said, it’s, it’s still, it’s still, it’s still kind of true, right? I mean, you can argue, well, yeah, the real estate markets really did, uh, did struggle over the last couple years. But listen, at the end of the day. The real estate market struggled because of leverage, right? Gold. There’s no leverage, no one’s borrowing, buying gold on leverage, and so it can go up and down and it doesn’t really hurt anybody. If you take the last couple decades and you know how much people made from, uh, real estate versus Bitcoin, even though there’s this huge, uh, huge uptick in Bitcoin now it’s, it’s probably the case that they come out pretty close. If not, uh, you know, real estate still being the winner. But anyway, uh, I do want to say and admit that I was wrong. That, uh, that the gold wasn’t really worth, uh, owning. I think, uh, you know, I wish I had owned some, just like a lot of people wish they’d own Bitcoin at $6,000, right? Um, in fact, I will say that one of the things in hindsight that I think of is gold in many ways for the last several years was on sale. And I haven’t really been talking about this as much, but I’ve been reflecting on this a great deal about making sure that as an investor you wake yourself up once in a while and ask, okay, well, what’s on sale? Well, gold was on sale for a while. Silver was definitely on sale. Right? Um, doesn’t mean you have to go in, have, you know, 50% of your portfolio in something like that, but when something’s on sale, it’s not a bad idea to look around. And maybe get, you know, get a little bit of exposure. I do think that real estate is there right now. I think real estate, you know, if you’re in the credit investor group, you’re seeing on a routine basis 30%, uh, discounted offerings from just a couple years ago. And I do think that’s on sale right now. But there are other things as well, arguably. I mean, I, I actually think that Bitcoin is, uh, uh, sort of on sale right now. I mean, sitting at 86,000, anybody who thinks it’s not gonna go to a hundred thousand at some point in the next, you know, 12 months is, I mean, I think it’s highly unlikely that it doesn’t go to a hundred thousand, right? So think about that right now. That’s like a 14% gain right then and there. Anyway, sometimes it’s good to just look around and see what’s on sale. Uh, that’s my message for this week. Uh, this is Buck Joffrey with Wealth Formula Podcast signing off. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit wealthformularoadmap.com.

2025 REVIEW QUIZ:True or False: Nearly half of directors think their board adds insufficient value.What percentage of directors said their board adds no value at all? A) 10% B) 18% C) 31% D) 69% (nice)True or False: Women run 11% of Fortune 500 companies in 2025.True — 11%. Don't clap.Women hold 24% of CEO pipeline roles but only ___% of promotions. A) 24% B) 16% C) 8% D) 0%, if the board had its wayWhich company plans to automate up to 90% of privacy and societal risk reviews using AI? A) OpenAI B) Meta C) Google D) Twitter (sorry, “X”)Why did BlackRock get removed from Texas' boycott list? A) Legal challenge B) Accounting error C) ESG retreat D) They promised not to say “climate” out loudWhy did PepsiCo say it delayed its net-zero target from 2040 to 2050? A) The board miscalculated emissions B) Shareholders voted against climate goals C) A change in climate accounting rules D) “The systems around us” weren't readyTrue or False: UK financial regulators scrapped mandatory rules because “DEI paperwork is annoying.”True: UK financial regulators scrapped mandatory DEI rules citing regulatory burden.The new acronym JPMorgan prefers over “DEI” is:D&IEDIDOI“Diversity, Opportunity & Inclusion”“Please Stop Asking”Which word even became unsafe during federal climate language purges? A) Sustainability B) Climate C) Resilience D) All of them, cowardWhich CEO criticized ISS and Glass Lewis as “incompetent”? A) Elon Musk B) Jamie Dimon C) Larry Fink D) All men eventuallyWhich phrase best describes modern CEO accountability? A) Robust B) Improving C) Optional D) DecorativeHaw many women have founded and led a Fortune 500 company?oneBonus: Who was that woman?Marion Sandler: Co‑founder and co‑CEO (with her husband Herbert Sandler) of Golden West Financial. True or False: Board gender diversity plateaued around 30%.True — Progress hit a ceiling and called it success.What % of Russell 3000 boards have 50% women?6%15%22%Enough to declare victoryTrue or False: MI6 appointed its first female chief in 2025.True — MI6 got there before corporate America. Blaise MetreweliWhich ESG metric disappeared first from earnings calls?Diversity statisticsEmissions targetsHuman rights languageAll of the above, but quietlyThe most common excuse for oversized boards:ComplexityGlobal reach“We need all these people”Founder feelingsWhich industry saw the biggest rollback in ESG commitments?EnergyFinanceConsumer packaged goodsTech pretending it's neutralWhat's the fastest-growing category of CEO compensation?Cash bonusesStock optionsPerformance shares“Retention” awards for stayingWhat's the most common DEI rebrand in 2025?BelongingCultureTalent strategyRisk managementWhat actually drives CEO pay upward during stock declines?Peer benchmarking“Retention risk”Board discretionFearWhy are women overrepresented in “glass cliff” roles?Risk toleranceCrisis opticsLimited pipelineConvenient scapegoatingWhat is the most accurate definition of “independent director” in 2025?No financial tiesNo employment tiesNo visible conflictNo intention of rocking the boatScoring Rubric23–25 correct: “Governance Adult” You actually listen. Disturbing.18–22 correct: “Proxy Advisor Apologist” You skimmed. You nodded. You missed the point.13–17 correct: “Boardroom Vibes Guy” You believe independence is a feeling.8–12 correct: “CEO Whisperer” You think pay packages are earned and boards try their best.Below 8: “Kimbal Musk” Please stop hosting the showWhich of these headlines are most likely to occur in 2026:Elon Musk announces Groxxx69, the latest iteration of Grok AI dedicated entirely to porn, 69, weed, pro wrestling, Call of Duty, and matchbox cars: 2DoorDash announces a 12 year $8.4bn pay package for CEO Tony Xu: 9DoorDash announces cutting staff 80% due to AI: 8Costco Caves to Trump, Cuts DEI: 1ISS and Glass Lewis announce new zero page voting policy: 5Brian Cornell resigns from Target board: 7CEO of McDonald's refuses to resign after admitting to affair with other executives: 8Sam Altman says he is terrified: 6Shareholders overwhelming vote out directors early in proxy season: 9Tim Cook announces retirement in 2028: 1

JPMorgan Chase, which has been sued by women alleging the bank enabled Jeffrey Epstein's sex trafficking by maintaining him as a client for years, sought to compel the Manhattan District Attorney's office to turn over records as part of that lawsuit. The bank issued subpoenas to District Attorney Alvin Bragg's office for statements made by one of the alleged victims to a prosecutor and other documents that might be relevant to JPMorgan's defense and its own claims against former executive Jes Staley, who had a friendship with Epstein. JPMorgan argued these records were necessary for its case and that the DA's office could not shield them through claims of privilege or grand jury secrecy. A federal judge agreed that certain records must be provided to the bank, ruling that the DA's assertions of privilege did not apply to the specific statements sought.The bank's efforts to obtain these prosecutor records reflected its broader legal strategy to show it lacked liability and to push back against allegations that it turned a blind eye to Epstein's criminal conduct. By insisting on access to the DA's files, JPMorgan aimed to uncover information about what prosecutors knew and when, potentially undermining accusations that the bank failed to act despite warning signs. The ruling that the Manhattan DA's office must hand over some of these documents marked a significant moment in civil litigation tied to Epstein's network, highlighting how transactional discovery in Epstein-related lawsuits can reach into prosecutors' investigatory materials under certain legal conditions.to contact me:bobbycapucci@protonmail.com

David Trainer of New Constructs on what fundamentals are really saying about today's market. Stephen Tusa of JPMorgan breaks down the state of industrials and Alan Ratner of Zelman assessing real estate trends and risks. Our Steve Kovach examines whether artificial intelligence is becoming commoditized faster than investors expected. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Base creator Jesse Pollak named one of CoinDesk's 50 Most Influential. Base creator Jesse Pollak joins CoinDesk to discuss the chain's explosive growth and institutional appetite. Pollak breaks down the partnership with JPMorgan and Base's decentralization mandate. Plus, his rapid-fire predictions on crypto in 2026. – For more, check out CoinDesk's 50 Most Influential article on Jesse Pollak: https://www.coindesk.com/tech/2025/12/12/most-influential-jesse-pollak.  To see the full list, visit: https://www.coindesk.com/most-influential-2025. – Timecodes:  01:33 Base's Biggest Impact in 202502:15 Growth in Creator Economy and Institutional Adoption03:17 Engaging with Institutions: Trust and Liquidity07:23 Decentralization Goals and Future Plans13:26 Exploring the Base Token17:33 Rapid Fire Questions and 2026 Predictions - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Jennifer Sanasie.

JPMorgan's latest move into Bitcoin trading services marks a pivotal shift in the 2025-2026 market cycle. Despite the recent correction from October's all-time highs, the entry of major banking institutions suggests that the "Bear Market" narrative is losing steam.

JPMorgan Chase, which has been sued by women alleging the bank enabled Jeffrey Epstein's sex trafficking by maintaining him as a client for years, sought to compel the Manhattan District Attorney's office to turn over records as part of that lawsuit. The bank issued subpoenas to District Attorney Alvin Bragg's office for statements made by one of the alleged victims to a prosecutor and other documents that might be relevant to JPMorgan's defense and its own claims against former executive Jes Staley, who had a friendship with Epstein. JPMorgan argued these records were necessary for its case and that the DA's office could not shield them through claims of privilege or grand jury secrecy. A federal judge agreed that certain records must be provided to the bank, ruling that the DA's assertions of privilege did not apply to the specific statements sought.The bank's efforts to obtain these prosecutor records reflected its broader legal strategy to show it lacked liability and to push back against allegations that it turned a blind eye to Epstein's criminal conduct. By insisting on access to the DA's files, JPMorgan aimed to uncover information about what prosecutors knew and when, potentially undermining accusations that the bank failed to act despite warning signs. The ruling that the Manhattan DA's office must hand over some of these documents marked a significant moment in civil litigation tied to Epstein's network, highlighting how transactional discovery in Epstein-related lawsuits can reach into prosecutors' investigatory materials under certain legal conditions.to contact me:bobbycapucci@protonmail.com

Send us a textIn this episode we sit down with Liz Myers, Global Chair of Investment Banking and Capital Markets at J.P. Morgan for an Equity Capital Markets deep dive. We get into IPOs vs follow-ons, primary vs secondary proceeds (and why sponsor-backed IPOs often use proceeds differently), convertibles and the reality of price discovery. Liz breaks down the modern IPO process — from test-the-waters investor education to the order book build — and explains the newer concepts that didn't exist until recently like cornerstone investors, why they matter, and how banks think about allocating “precious” shares to create the right long-term shareholder base. We also get into market timing (their internal “IPO dashboard”), what makes the window feel open vs shut, and why the market loves certainty more than anything.Liz Myers, Global Chair of Investment Banking and Capital Markets, J.P. MorganLiz Myers is Global Chair of Investment Banking and Capital Markets at J.P. Morgan, where she has worked for over 30 years. Prior to her current role, she served as Global Head of Equity Capital Markets where she led the team responsible for advising J.P. Morgan's corporate clients on equity capital raising (IPOs, follow-ons and convertible issuance) in the Americas, Europe and Asia. She has been named one of the Top 25 Most Powerful Women in Finance by American Banker magazine and one of Barron's 100 Most Influential Women in U.S. Finance.Myers serves on the Executive Committee of Women on the Move at J.P. Morgan, which supports women employees and women-run businesses. She serves on the Board of Trustees for Princeton University and the Advisory Boards of the Bendheim Center for Finance at Princeton University and the Harvard Graduate School of Education. Myers is a National Board Member of the Posse Foundation, which expands the pool from which top universities can recruit young leaders. She is also a Board Member of New Yorkers for Children, a nonprofit with a focus on youth in foster care.Myers graduated cum laude from Princeton University in 1992, with a major in Economics. She received an MBA from Harvard Business School in 1997.Learn more about 9fin HERE Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Wealthfront.com/wss. This is a paid endorsement for Wealthfront. May not reflect others' experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE.

Crypto prices are down, but the most important players are still building. In this week's Weekly Rollup, Ryan and David break down Coinbase's push to become a financial super app, JPMorgan's first tokenized money market fund on Ethereum, and why regulators are quietly opening the door for onchain settlement through DTCC pilots. They also unpack Solana's Firedancer finally going live, the growing fight over tokenholder rights at Aave and what Uniswap's unification proposal gets right, and why tokenization and prediction markets are advancing faster than prices suggest. ---

The SEC this week held a roundtable on financial surveillance and privacy in another sign of the major shift in the regulator's approach to crypto. In this DEX in the City episode, Espresso co-founder Jill Gunther joins hosts Jessi Brooks and Katherine Kirkpatrick Bos to unpack the major talking points and takeaways from the roundtable. And more importantly, what it signals about the SEC's approach to crypto and privacy. With legacy financial institutions coming onchain, like JPMorgan and DTTC, they discuss how crypto can actually help prevent data breaches and have a better product for users and companies alike.  Interestingly, Jill recounts how she lost $30,000 in an exploit involving crypto mixer Railgun and why she didn't even try to hide it from regulators at the roundtable.  Plus, was Do Kwon's sentence excessive? Well, according to Jessi, it's a complicated question, but she unpacks what people misunderstood about the judge's decision. Hosts: Jessi Brooks, General Counsel at Ribbit Capital Katherine Kirkpatrick Bos, General Counsel at StarkWare Guest: Jill Gunter, Co-founder and Chief Strategy Officer at Espresso Systems Links: Unchained: Why the Privacy Coins Mania Is Much More Than Price Action Do Kwon Sentenced to 15 Years in Prison Jessi's and Katherine's paper on programmable risk management Timestamps:

Thank you to our sponsors, Mantle!On this episode of Bits + Bips, hosts Ram Ahluwalia, Austin Campbell, and Chris Perkins are joined by Elisabeth Kirby, Head of Market Structure at Tradeweb, for a wide-ranging conversation about the future of crypto markets — and who will control them. They unpack why US market structure legislation stalled, how the SEC's enforcement-first approach shaped the last cycle, and what it signals that JPMorgan, BlackRock, and others are moving forward with tokenization.  The group debates whether Ethereum's institutional edge is durable, whether Canton can scale beyond early adopters, and why Solana's “decentralized Nasdaq” vision still faces hard questions. The episode closes with a sober look at macro conditions, risk appetite, and why crypto may be stuck waiting, even as the long-term institutional thesis quietly strengthens. Hosts: Ram Ahluwalia, CFA, CEO and Founder of Lumida Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting Christopher Perkins, Managing Partner and President of CoinFund Guest: Elisabeth Kirby, Head of Market Structure at Tradeweb Links: The S.E.C. Was Tough on Crypto. It Pulled Back After Trump Returned to Office. Timestamps:

Today's episode breaks down a landmark moment for tokenization as the Depository Trust Company receives SEC approval to begin putting US public market securities on chain. The discussion covers what the no-action letter allows, why DTCC's role matters, how this could enable 24/7 settlement and programmable assets for stocks, ETFs, and Treasuries, and why this move represents the most credible path yet toward decentralized capital markets. The episode also examines parallel developments from Coinbase, JPMorgan, and Tether, and why tokenization may transform market structure even if it doesn't immediately boost crypto token prices. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/@TheBreakdownBW Subscribe to the newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://blockworks.co/newsletter/thebreakdown⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownBW

Plus: CEOs plan to keep spending on AI, despite spotty returns. And the maker of Roomba declares bankruptcy. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices