Podcasts about Kasan

The Wealth Formula Podcast is one of the longest-running personal finance podcasts still standing. For more than a decade, I've shown up every single week to talk about investing, markets, and the forces shaping the economy. What's interesting is how much my own thinking has evolved over that time. Early on, I was more rigid. I was—and still am—a real estate guy. But back then, I didn't give much thought to ideas outside that lane. I was dogmatic, and I didn't always challenge my own beliefs. Time has a way of doing that for you. I've now lived through multiple market cycles. I've watched the stock market melt up to valuations that felt absurd—and then keep going. I've seen gold go from flat for a decade to parabolic over a year. I've seen interest rates sit near zero for a decade and then snap higher at the fastest pace in modern history. And I've learned, sometimes the hard way, that diversification is about survival and that every asset class has its day. One lesson I learned that I am thinking a lot about these days is: ignore major technological shifts at your own peril. Back in 2014, I first started hearing people talk seriously about Bitcoin. At the time, I dismissed it. I listened to the critics, was convinced it was a scam, and didn't take the time to truly understand it. That was a mistake—not because everyone should have bought Bitcoin, but because I ignored a structural change happening right in front of me. Bitcoin went from a cypherpunk expression of freedom to the largest ETF owned by BlackRock. Today, the dominant story is artificial intelligence. And whether you love stocks, hate stocks, prefer real estate, or focus exclusively on cash flow, you cannot afford to ignore AI. This isn't a fad. It's a general-purpose technology—on the scale of electricity, the internet, or the industrial revolution itself. That doesn't mean it's easy to invest in. It's hard to look at headline names trading at massive valuations and feel good about buying them today. But investing in AI isn't about chasing a single company. It's about understanding second- and third-order effects: energy demand, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of it. What experience has taught me is this: you don't need to be first to invest—but you do need to be early in understanding. If you wait until something feels obvious, most of the opportunity is already gone. This week's episode of the Wealth Formula Podcast is focused squarely on AI and blockchain—what's real, what's noise, and where the long-term implications may lie. Listen to this episode. You'll come away smarter. And years from now, you may look back and realize this was one of those moments where paying attention really mattered. 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.  Welcome everybody. This is Buck Joffrey with the Wealth Formula Podcast. Coming to you from Montecito, California. Today we wanna start with a reminder. We are in a new year and we are already doing deals, uh, through the Wealth Formula Accredit Investor Club. You can go and sign up for that for free. Uh, wealth formula.com just hit investor club and you just get on there and, and you’ll get onboarded. And from there, all you gotta do is wait for deal flow and webinars coming to your inbox. And, um, you know, if nothing else, you learn something. So go check it out. Uh, go to. Wealth formula.com and sign up for Investor Club now onto today’s show. Uh, the, it is interesting. I don’t know if you are aware it’s a listener, but we are, wealth Formula is, uh, probably I would say one of the, certainly in the one of the top longest running personal finance podcasts still. Standing. Uh, I’ve been around, well, I think the first episode was on like 2014, so it was a long time, but in earnest, you know, at least for over a decade. And, you know, during that time, I’ve shown up every week, every single week. Don’t Ms. Weeks, but none, none. Isn’t that incredible? I’ve shown up, uh, talked about investing and talked about very way markets are working, forces, shaping the economy, all that kind of stuff. But you know, as you can imagine, as a. As a younger individual versus, um, my crusty self. Now, you know, a lot of my own thinking has evolved over that time, you know, back then. And I, you know, I think this appealed to some people, but, um, you know, I was really dogmatic. I’m a real estate guy, right? And I still am a real estate guy, but back then I wouldn’t give anything else the time of day to even think about, you know, and, and, uh, I, I, you know. I was dogmatic and didn’t always challenge my own belief systems. Um, I’m different now, right? I’ve softened And time is a way of, of changing all of that dogmatic stuff for you. You know, I’ve lived through multiple market cycles. I’ve watched, well, I’ve watched the stock market, which I, which I always maligned, you know, melt up to valuations. Uh, that felt absurd. And then keep going higher. I’ve seen gold, which was kind of ridiculous for the longest time. I watched it for like a decade, just pretty much flat, and then it goes parabolic. Over the last year, I’ve seen interest rates sit near zero for a decade and then snap higher. Uh, not even as time, just launch higher at the fastest space in modern history. And I’ve learned sometimes I guess, the hard way that diversification is about survival and that every class, every asset class has its day. Just like every dog has its day. And um, you know, one other lesson that I learned that I’m thinking a lot about these days is ignore major technological shifts at your own peril. So what am I talking about? Well. It’s kind of a, it is a technological shift, whether you think it about not, but Bitcoin. Okay. Back in 2014, I first started hearing people talk seriously about Bitcoin, and at that time I dismissed it. I was, uh, I was listening to critics beater Schiff that constantly called it a scam, said it was going to zero and so on. I didn’t, I didn’t take the time to truly understand it, to try to understand it the way I understand it now, that makes me a believer in Bitcoin. That, of course was a big mistake, not because, you know, everyone should have bought Bitcoin and, uh, back then, well, they, you know, would’ve been nice if they did, but because fundamentally I ignored something that was a structural change happening right in front of me. And since then, Bitcoin went from a cipher punk expression of freedom to the large CTF owned by BlackRock today. The dominant story is actually artificial intelligence. Now, whether you love stocks, hate stocks, prefer real estate focused exclusively on cab, whatever, you cannot afford to ignore ai. It’s not a fad. It’s a general purpose technology and a technology shift, and the scale of electricity. The internet bigger than the internet, bigger than the industrial revolution. Now, that doesn’t mean it’s easy to invest in. I mean, I’m gonna go invest in AI and make a bunch of money because I mean, what does that even mean? It’s hard to look at headline names, trading at massive valuations like Nvidia and all that right now, and saying, oh, I’m gonna go buy that. Who knows? That’s gonna work out. When I talk about investing in AI isn’t really just investing in stocks or any individual company or data centers or whatever. It’s about understanding. The second and third order effects, energy demand. You know, as I mentioned, data centers, productivity gains, labor displacement, capital flows, and how blockchain and decentralized systems intersect with all of that. It is very, very complicated. Um, but it’s really important to start to try to understand, you know, an experience that stop me is this. You don’t need to be the first to invest, but you do need to be early in understanding. If you wait until something feels obvious, usually the opportunity’s gone by then. And you know, the thing about AI is even if you think it’s obvious now. The reality is that most people haven’t really caught on. Maybe they played with chat GPT, but I don’t think they’re understanding what this whole, you know, this thing is gonna do to our world. Um, anyway, so that is what this week’s episode of Wealth Formula Podcast, uh, is about. It’s about AI and also, um, a little bit about, you know, bitcoin and blockchain and that kind of thing. Um, we’re gonna talk about what’s noise, uh, you know, where the long, what the long-term, uh, implications are all of this stuff. This is a show that, uh, I really enjoy doing really, really good stuff. Um, so make sure you listen in. We’ll have that interview for you 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 borrowed money at a simple interest rate, your insurance company keeps paying you compound interest. On that money, even though you’ve borrowed it, that 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 backbone. Turbocharge 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 is Jim Thorne, chief Market strategist at Wellington. L is private wealth with more than 25 years of experience in capital markets. He’s previously served as chief capital market strategist, senior portfolio manager, chief economist, and CIO. Uh, equities at major investment firms and has also taught economics and finance at the university level. Uh, Jim is known for translating complex economic, political, and market dynamics into clear actionable insights to help investors and advisors navigate long-term capital decisions. Uh, Jim, welcome with the program. Thanks for having me Buck. Well, um, Tim, I, I, I, uh, had been following a little bit of, uh, what you discuss on, uh, on X and, um, one of the things that caught my eye is, you know, your, your narrative on, on ai, a lot of people are tend to be still sort of skeptical of AI and what’s going on, uh, with the markets. Um, uh, but at the same time, uh, there’s this. Sense. I think that ignoring AI altogether as an investor is, is, is downright potentially dangerous. So, uh, at the highest level, why is AI something people simply can’t dismiss? Well, we live in an, uh, uh, you know, many other people have coined this term, but we live, we’re living in an exponential age of, of technological innovation. And, you know, AI and I’ll just add into their, uh, blockchain is just the normal evolutionary process that, you know, for me started when I left graduate school and came into the business in the nineties where everybody had this high degree of skepticism of the computer and the, the, the phone, the, the. And the internet. And so, you know, what we do is we go through these cycles and there are periods of time where the stars align. And we have a period of time where we have what I would call an intense period of innovation where I would suggest to you that. People are skeptical. Skeptical, and yet at the same point in time, they very early on in the, in the, in the trade, call it a bubble when it’s not. And so I think it comes from the position of ignorance. One, I think two, fear, and then three. If you think about if you are an active manager, I in a 40 ACT fund, um, you know, and you’re sitting there with, uh, you know, mi. Uh, Nvidia at, you know, eight or 9% of your index. And that’s a big chunk that you’ve gotta put into your fund, uh, just to be market neutral. So there’s a lot of people that hate this rally. There’s a lot of people that are can, going to continue to hate this rally. But the thing I anchor my hat on are a couple of things. Look at if this is no different than the railroad. Canals, any major technological innovation, will it become a bubble? Yes. Just not now. So, so let’s follow up on that, because a lot of people think, or are talking about the, do you know the.com bubble, uh, comparisons, and you’ve argued that that sort of misses the real story. So, so where are we getting it wrong right now? Are those people getting it wrong? In the nineties buck, you’d walk into a bar and there wouldn’t be ESPN on there’d be CNBC on people were getting their jobs to become day traders. Folks didn’t go to the go to university because they were basically getting their white papers financed. You had companies that were trading off of clicks. So I lived that. Anybody who is of a younger generation has no idea what a bubble is, and it’s specious and pedantic for them to use that term when they have no clue about what they’re talking about. But you did mention that it could become a bubble. How do we know when it does become a bubble? Oh, it’ll become a bubble. Well, when, when, when you know, the, what, what I am looking for is, you know, when we, when the good investment opportunities start to dry up, when liquidity starts to dry up. So what I, it’s not about valuation, to me it’s about liquidity. So in 2000, what, and I’m roughly speaking, what went down was you had all these companies that were trading at Strat catastrophic valuation, this stupid valuations, and you walked in one day and they didn’t get financing. And if you read the prospectus or you followed the company, you knew that they were not going to be free cash flow positive for another two or three rounds of financing. All of a sudden you walked in and everybody goes, oh my God, this thing, you know, trading at 250 times sales. And everybody went, yeah, of course. And so what it was is, was when does liquidity dry up? So I’ll give you a date, um, you know, with Trump’s big beautiful bill act. 100% tax deductibility of CapEx and that goes until Jan 1, 20 31. So to me, that’s a very motivating factor for people to, um, invest. The last thing I would say to you in more of a game theoretic context book is, look, if you are a big tech company and you don’t invest in ai. You are ensuring your death. Yahoo, Hela Packard. I can go through the list of companies that cease to invest, so they’re looking. If it was you and I when we were running this company, I would say, dude, we gotta invest because if we don’t have a poll position in this next platform, whatever it is, we’re done. We’re toast. And I think that’s why you’re seeing all these hyperscalers spending as much money as they are. ’cause they get this, they saw it. So, you know, you framed ai not necessarily as a a tech trade, but as a capital expenditure cycle. Can you explain that to people? Well, what we need to do is we need to build out the infrastructure of ai. Then, and that’s the phase that we’re in right now. So it’s more like we’re building out all of the railroads, the railway tracks and the railway stations across the United States back in the 18 hundreds. And then we’re gonna go through that building phase. And then as that building phase goes, some companies, some towns, are going to basically realize and recognize what’s happening and start to basically take ai. Bring it into their business model, into enhanced margins. Right. So right now we’re building it out. I mean, you know, we all focus on the hyperscalers, but the majority of companies, pardon me, governments. Individuals, they haven’t used AI and, and what is interesting about this is back in the nineties, they were talking about how the internet had to evolve to be much more. You know, uh, have critical thinking in, in, in it. And it was more explained when you went to these conferences, as you know, you know, think about this. You’re hearing this in 99, okay? Not today. You go in and you ask Google or dog pile at the same time, or excite, okay? You would say, I wanna go to Florida in the third week of March and I wanna stay here and I wanna spend this amount of money and I wanna rent a car. Plan it for me. And they would come back and they would tell you that it would come back and it would, it would, everything would be there. And you would have your over here and all you would have to do is drop your money and you had your thing planned. So none of this is as, it’s aspirational, but we’ve heard it before. And in technology, what happens is it’s not like it’s new. We’ve been talking to, I did machine learning in in graduate school. Ai, you know, I did neural networks and I’m a terrible Ian. This isn’t, you know, Claude Shannon wrote about this in 1937, right? But it’s about when does it hit, and so it was chat GBT. Can we argue, was that right? As an investor, it’s stop arguing, start investing. Then what you’ve gotta figure out, which is the question you ask, is when does the music stop? I think it goes until the end of the decade. You know, one of the things that, uh, is interesting about this, uh, AI investment, uh, it’s, it’s unfolding in a higher interest rate environment. Why is that detail so important? Understanding its significance? Well, it’s the cost of capital, right? And so this phase that we have right now. It’s funny you say that, right? ’cause our reference point is zero interest rates, right? Yeah, yeah. Right. That’s right. So, you know, you know, so, so think about this, what it happens right now. Now we’re in the phase where you’ve got these hyperscalers that instead of taking all their free cash flow and buying bonds and buying back stock, are increasing CapEx because there’s a great tax deduction on it. So you get a lot of, so we’re in this phase where, for where, where a lot of the money is, you know, was. Was, let me, let me be clear, was a hundred free cashflow. Now we’re getting these guys, these companies like Oracle and what have you, you know, starting to issue debt and look at debt isn’t bad as long as the rate of return on debt is higher than the interest rates. And so, you know, you know, I, I would say historically speaking, for a lot of these high quality names, the interest rates are not, uh, at levels that will stop them from investing. Right. Right. You know, you’ve written that, um, productivity is ultimately the real story behind ai. So why does productivity matter more than the technology headlines themselves? Well, let me just put it this way, right? So we’ve grown, I grew up, I, I joined, I’m up here in Toronto, right? So I’m gonna give it to you in Canadian dollars, right? So I joined, I joined here. You know, I grew up here, went to the states, came back home. Growing this company I joined when we’re about three and a half billion. We’re getting close to 50 billion, and we’re the fastest growing independent platform in the country. I’m a one man band, right? I use three ai. In the old days, I’d have four research assistants. Where’s the margin in that? And so I, that’s how I see it. And let me be clear, it’s, you know, this isn’t we’re, it’s not perfect. But if I wanted to say, instead of you, but hey, write me a 2000 word essay on the counterfactual of what happened with railroads up until 1894 when the, when the bubble popped, give me a f, you know, a a thousand word essay and, and just a general overview. I can get that in less than five minutes. Michael Sailor is writing product on ai, which, which, which you would take, which you would take. He’s in his presentation, say it would take a hundred lawyers. So it’s gonna be more about those. And it’s, it’s no different than Internet of things or, you know, it was, uh, Kasparov that talked about this. Gary Kasparov talking about the melding of, of technology in humans. He would ran, run this chess tournament called freestyle. You could use a computer, you could use, you know, grand Masters. You could use whatever you wanted to compete. And who won? Well, who won it Was that those teams that were generalists that had a little bit of that, the knowledge of the computer and the knowledge of the test. Uh, o of chess, right? That’s what’s gonna happen. So this isn’t we’re, as far as I’m concerned, we’re not, yes, there’s going to be some d some jobs that are going to be replaced, but that is always the case in technology. I’m not a Luddite, okay? I am not Luddite. But the same point in time. I, I would suggest to you that it, it is just a really, for me, it’s a, helps me. Do research no different than when I was an undergrad and they went from cue cards in the, the library at the university to actually having a dummy terminal and I could ask questions in queue. You know, it stalked me from having to go to the basement of the library and going to microfiche. Right. Have helping that way. Now can it, can, will it do other things? I’m sure it is, and I’ll lead that to Elon Musk and the crew. You know, that’s above my pay grade. But for me, I see it as a very helpful way of, you know, allowing me to process and delineate. Much more information a a and not have me waste so much time trying to figure out what got went on in the past or, you know, QMF. Right. You know, summarize me the talk five, you know, academic papers in this area, what are they saying? And then they gimme the papers. Right. It just speeds the process up. Yeah. You know, um, one of the things that I’ve been sort of talking about and thinking about. Is that it’s hard to not see AI as a very, very strong deflationary force. Um, how do you think about that? Yeah. Technology is deflationary, right? Doubt about it. And so I look at it this way, Ray. Um, so I work at the financial services industry, okay. You know, Mr. Diamond of JP Morgan is talking about how they are starting to embrace blockchain and ai. They are going to cut out the back end of that in the, the margins in that, in that company by the end of the cycle are going to be fantastic. People just do not get in. You know, the financial services industry is built on a platform. Of the 1960s, dude. I mean, they’re still running Fortran, cobalt. So you know what I, how I look at this is much more as a margin type story, and there’s going to be a lot of displacement. But at the same point in time, I look at Tesla and automation and ai. And you know, people look at Tesla as a car company. I look at Tesla as an advanced manufacturing company. Elon Musk could basically go into any industry and disrupt it if it wanted to. Right. So that’s how I look at it. And so, you know, the hard part is going to be, you know. Nothing. If we get back to where we were, it’s not going to be perfect, right? Because here’s, here’s where the counter is, here’s where the counter is. Right? If you, if, if you think about, and we’re, I’m gonna take Trump outta the equation and ent outta the equation right now, but if we just went back to the way things were before COVID, we would have strong deflationary forces. Okay. Just with demographics, just with excessive levels of debt. Just with, you know, pushing on a string in terms of, in terms we couldn’t get the growth up, you know, and, you know, and the overregulation of financial institutions. Trump and descent are basically applying what’s called supply side economics, and they’re deregulating. It’s says law, which is John Batiste, that says basically supply creates his own demand and it’s non-inflationary. But really what they’re going to try to do is they’re going to try to run the economy hot and they’re gonna try to pull this way out of the debt. And if you do that and you deregulate the banks. And allow the banks to get back to where they were before the financial crisis. Okay. You know, and, and the Fed takes its interest rates down to neutral, expands the balance sheet. Then I don’t think we’re gonna go back to the zero bound in deflation. I think this thing’s gonna run hot for a long time. And I think it, the real question is, is, is is 2 75 in the United States the neutral rate? I think it is. Uh, but as, as, as Scott be says, and, and, and, and, and let’s be clear, buck, the guy’s a superstar. Okay. Guy is a legend. Just you sit there, just shut up and listen to him. Okay. They keep up, right? Well, so they’re gonna run it hot, but where we are is, in his words, mine, not mine. We’re still in this detox period, you know what I mean? We still got the Biden era. We still got, you know, a over a decade of excessive ca of Central Bank intermediation. That needs to get, you know, go away. So what I say, and what I’ve been writing about is 26 is going to be the year that the baton is passed back to the private sector. Let’s get rates down to 2 75. That’s, I mean, I’m going off the New York Fed model. That says real fed funds, the real, the real neutral rate is 75 to 78 basis points. I think inflation’s at two. That that gets you 2 75. Get the rates there and then get the balance sheet of the Fed to the level so that overnight lending isn’t loose or tight. It’s just normal. And then step back, go away and let Wall Street and the private sector create credit. Create economic growth and let’s get back to the business cycle. And if we do that, we’re gonna have non-inflationary growth. It’s gonna be strong, but we’re not going back to the zero bound and we’re gonna grow our way out of this. And so that’s where I get really excited about. This is a very unique time in history. A very, very, very unique time in history where, and I don’t know how long it’s going to last because of the compression that we have now because of the, you know, we live in such a digital world, but let’s say it’s five years demographic says it’s to 33, 32 to 33. That’s, you know, that’s how long this run is. And, and to me, uh, AI is a massive play. I, I, to me, blockchain is a massive play and to me it’s to those countries and companies that get it is, whereas investors, we wanna think, start thinking about investing. Yeah. You mentioned, um, non non-inflationary growth. Can you drill down on that a little bit just so people understand a little bit where. Usually you think of an economy running super hot, you, you think automatically there’s an, you know, an inflationary growth. So I want you to think in your mind into your list as think in your mind. Go back to economics 1 0 1 with the demand curve. In the supply curve, okay? And there are an equilibrium. And at that equilibrium we have a price at an equilibrium, and we have an output as an equilibrium. Okay? Now what I want you to do is I want you to keep the demand curves stagnant or, or, or anchored. Then I want you to shift the supply curve out. Prices go down, output goes out. We can talk all this esoteric stuff, you know, you know Ronald Reagan and, and Robert Mandel and supply side economics. But it’s really your shift in the supply curve out, and that’s what, and that’s what BeIN’s doing. I mean, this is a w would just sit down and be quiet. He’s talking about, you know, what is deregulation? He’s pushing the supply provider. Oh, hold on. My phone. My, my thing. And what did, since the two thousands, what did, what was the policy? It was kingian, it was all focused on the demand curve. Everything was focused on demand. And so all we’re doing is we’re, we’re getting the keynesians out. I use 2000 ’cause that’s when Ben Bernanke really came in and was very influential. Let me just say he’s a very smart, I learned so much from reading. Smart, smart, smart, smart guy. But his whole thing was Kasan. He came from MIT, his thesis supervisor was Stanley Fisher, right? We’re going back to, you know, Mario Dragons thesis supervisors, Stanley Fisher, all these guys came from MIT, Larry, M-I-T-M-I-T, Yale, and Princeton. Whereas previously it was the University of Chicago. It was Milton Friedman. It was, it was supply side economics. We’re going back, they’re going back to supply side economics and right now we need it. We need balance. But my god, what did we end off with? We ended off with four years of mono modern monetary theory. Deficits matter. That’s insanity. You had mentioned a little bit, uh, you, you’ve talked about blockchain a few times here. Talk about the significance. I mean, it’s sort of, you know, blockchain was a thing that everybody was, everybody was talking about it, you know, three, four years ago, but now it’s all about ai. But you know, now you’ve got, um, but in, but in the background, blockchain has grown, uh, adoption has grown. Uh, tell us what’s going on there, and if you could tie it into the significance of, of where we’re at today. Yeah. Um, uh, Jeff Bezos gave a wonderful speech, I think in two thou, early two thousands, where he basically talked about the fact that, you know, once this innovation is led out of the genie’s, led out of the bottle, whether or not, you know, buck and Jim, like it as an investment, the innovation continues. And so after the internet bubble pop, right? Really smart guys like Jeff Bezos, uh, Zuckerberg, you, you, the whole cast of characters, right? Basically built it out. Okay. And it wasn’t perfect and everybody knew it wasn’t perfect. I mean, that was the whole thing that was so bizarre. But they knew it wasn’t perfect and they knew that they needed to solve some problems. Right. And you know, it was a double spend problem. I mean, the internet that we were dealing with right now was developed in the 1950s and so on and so forth. And so, you know, that always stuck with me. Right. A couple of things stuck with me because I’ve lived through a couple of these cycles. The first one is Buck. When the, when Wall Street coalesces around something just shut up and buy it, right? I mean, I, I spent too much of my life arguing about whether dog pile and Ask Gees was better than Google. Wall Street said Google was the best. Shut up. Invest, right? And so, so look, blockchain solved the double spend problem. Blockchain solved all the problems that the original iteration of the internet could solve, and everybody knew it was coming along okay. So it’s a decentral, it’s decentralized, right? Uh, does, does not need to be reconciled. So no. Not only do you have another iteration of the internet. You have basically introduced into society the biggest innovation in accounting or recordkeeping since double entry. Bookkeeping accounting was introduced in Florence, Italy centuries ago by the Medicis and, and buck. All this is out there like, so this is a profound, right? So think about you’re in an accounting department and you don’t have to reconcile, right? So look. The first use cakes was Bitcoin. And what was the, what was the beautiful thing about it? Well, first off, it grew up by itself. And secondly, it’s got perfect scarcity, right? And so let’s just full stop. And I mean, yes, gold and silver had the run that they should have had decades. So I had been waiting and listening to people, gold bugs, talking about this type of run since the nineties. Okay. Um, but look, you know, and the problem with fi money, right? I mean, this is, this goes back decades. It’s an old argument. The way you solve it is, is Bitcoin. That’s the solution. I mean, forget about it. I mean, if they’re gonna whip it around and do all this stuff, fine. But the other thing that people miss and Sailor hasn’t, and Sailor is brilliant, is look. Bitcoin is pristine collateral in 2008, in September. What caused the, the system to stop was the counter. We could not identify counterparty risk for near cash. It was a settlement problem. Anybody you talk to Buck that says it was, you know, the subprime this and it, yeah, that was crap. I get that. But when the system shut down is you had a $750 million near cash instrument with X, Y, Z, wall Street firm, and you did this for three extra beeps and it was no longer cash. Guess. And guess what? Your institutional money market fund broke the buck. That’s when the system blew sky high. When the money market broke the buck and it was a settlement problem, blockchain and Bitcoin solved that. Sailor knows that, look where Wall Street’s gonna go. They understand now that. Bitcoin is pristine, collateral and capital that is 100% transparent. Let’s lend against it, and that’s what Sadler’s doing. That’s why Wall Street hates the guy so much, right? Think about that. Think of where is he going after he’s going after all the stranded capital on Wall Street. And, and the whole point is he’s sitting there going, I’m too busy for this. And you’ve got all these other people that are gonna live off of other people’s ignorance. Meanwhile, Jing Diamond knows exactly what he’s talking about. We can identify, if I hear one more person on me in, in the meeting say, I don’t know. You know, you know, uh, micro strategies balance sheet is so complicated. Really. Compared to JP Morgans, I mean, you know what his capital is. It says Bitcoin, like, what are you guys talking about? But hey, fucking in this business, people make generational wealth on ignorance of people who think they know what they don’t know. So, you know, just going back to Jamie Diamond, you know, he spent, I don’t know how long. Throwing every insult, uh, he could towards Bitcoin. And now they’ve really kind of, they haven’t backtracked. I think he’s, he’s, you know, his, his, um, I think the way he phrases is the blockchain’s a real thing. He never seems to really say the word Bitcoin, uh, in this regard. Um, banks in general, where do you think they’re headed with this stuff? I mean, I, you know, right now, again, you can kind of see even. Um, I think, you know, some of the big advisory firms suddenly recommending one to, you know, one to 4% of people’s portfolios in Bitcoin. I mean, this is all, I mean, gosh, I, I’ve, you know, been talking about Bitcoin since 2017. This is in unbelievable transformation in less than a decade. Where do you see this going in the next five to 10 years? It’s called the, it’s called, what is it? It’s called, I’m gonna call it the Evolution of Jim. Me, you know, in my business and, and, and, and you know, the thing I have book is I’ve survived and I’ve gone through a lot of cycles. I’ve done a lot, you know, and you ask yourself, you scratch your head a lot and you’re, and you, but you’re continually doing objective research and you’re this, if you, this is why I love this game so much. Right? So let’s just go stop for a second. Let’s get some context. Right. My first summer job, one of my first summer jobs, I worked in the basement of a bank in the in, in downtown Toronto, right up the street from the Toronto Stock Exchange. And my job was to let guys in with beak, briefcases into the cage, into the big vault, to basically bring in certificates. Okay. And, and what? Stock certificates. And so remember, you know, and I remember my grandfather when we, when he died, look at, we couldn’t sell the house because he didn’t believe in the banks. And we were finding certificates all over the house in the walls. Okay? Right. So in the 1960s it was bare based. The whole industry was bare based. And there was the volume in Wall Street started to pick up to the point where they couldn’t handle the volume. There was a paper crisis where almost a third of the companies went down bankrupt because of the cage. The cage. Okay. So basically what happened was, to make a long story short, they came out with, they came, Hey, why don’t we get two computers At one point in time, they said, okay, crisis. Let’s solve it. Well, why don’t we get these two computers and we can solve, or we can sell trades among, amongst each other. Okay. And then we don’t need to have guys riding around Wall Street with bicycles and big briefcases. Okay. And then what we did was, what we did was we sat there and said, well, why don’t we have a centralized clearing, and we’re gonna call it DTC or CDS, depending on what country you’re in. And what we’re gonna do is we’re gonna offer paper, we’re gonna, we’re gonna issue paper rights to the underlying stock that was developed in the early 1970s. That’s the system that we’re on right now. There are a lot of faults with that. Let me give you, when you’ve talked about the GameStop a MC situation, when you have a company that’s basically have more shares outstanding short, sorry, more shares short than outstanding, that shows you that the old system doesn’t work. It’s called ation. The paper writes to the underlying assets, it, it doesn’t match up. There have been guys that make a career outta this and write books about this, right? Dole Pineapple. They had a corporate, a corporate event, right? Hostile takeover. 64,000 for 64 million shares, voted, I think, and there was only 3,200 on. We all know this, so this has to be solved. The way you solve it is you tokenize assets, and this was talked about a decade ago, and they know about it and true tofor, they, and if you’re thinking about it, it’s totally logical, right? But if we allow this innovation to go full stream ahead, we’re wiped out, right? So what did they do? They delayed. They delayed. And as you know, you could talk about, it’s called Operation choke 0.2 0.0. Right. You know, the Fed overreached their bounds, they de banked people. I mean, this is why, why Best it’s going after them. They, yet they stepped over their constitutional mandate. Right. The federal, the Fed Act is not, uh, does not supersede the US Constitution. Elizabeth warned the whole thing. They did it. Okay, so let’s not complain about it. So now Atkins is gonna, we’re gonna have the Clarity Act come out and they’re gonna basically deregulate New York Stock Exchange already there. They’re gonna put everything on the blockchain and when you put everything on the blockchain, trade a settlement. There’s no hypo. Immediate settlement. Immediate, which is a benefit if you can get your act together because it, you know, for Wall Street firms you need less capital, right? So it’s a natural evolutionary process. And then you sit there and go back in history, if you and I were writing it, we’d sit there and go, well, should we be surprised that the incumbents right, the status quo pushed back on innovation? No, there was a guy, there was a prophet, um. At, at Harvard, his name was Clay Christensen, and he wrote this wonderful book called The Innovator’s Dilemma. You know, why does, why don’t companies evolve, or why do they go bankrupt? It’s because they cease to evolve and the status quo doesn’t allow the evolution of the companies to take place. Right? Well, that’s what happened in RA. We’re gonna complain about it. No, it, it is what it is. It’s water under the bridge. And so what I think is happening is, you know, Mr. Diamond is basically saying. He’s pragmatic, he’s a realist. And now he’s saying, we gotta evolve. And hey, by the way, now I’ve gotten to the point where I think I can make a tunnel. Think about that. Yeah. Think about his own stable coins, right? So his own stable coins. And, uh, well think about this. If you trade like internal meetings, right? And I’m hyped this hypothetical, right? I go, fuck, don’t screw this up this time. And you’re gonna go, Jim, what are you talking about? I go. We want a nice bread between bid and ask in these financial price. We don’t wanna go down to pennies. Okay? Can we go back to the old days when we were, you know, trading in quarters and sixteenths and so we can make some skin in the game? I think you’ve got the deregulation of the banking industry where the banks are gonna, they’re fit. It’s gonna be baby steps. But what’s gonna happen is they’re gonna basically say, stop taking all that capital that’s sitting at the Fed, making four or fed funds rate overnights wherever it’s four half, 3 75 right now. And you can now trade it. Go back to prop trading, which is what they did. And they’re gonna start off, they will start off with, its only treasuries. Eventually they’ll be able to expand throughout our lifetime. So the old way you gotta look at it is, you know. We’re bringing the ba, you know, we’re putting the band back together, man. Right. And the banks are gonna deregulate, they’re gonna deregulate the banks, they’re going to innovate, they’re gonna be able to use the capital, their earnings profile going out into the end of the decade. It’s, it’s gonna be monstrous, it’s gonna be, you know, it, it’s, it’s, and, and that’s how I get, you know, when people say, where do you think the s and p goes? You know, I say, you know, 14,000, you know, double from here by the end of the decade. And he goes, well, what about ai? I go, well, they’re gonna, that’s important, but it’s the banks. I think the banks are gonna have a renaissance. Yeah. Yeah. Um, one thing just to get your thoughts on, so when you look at the banks, you talked about sort of the inevitability of tokenization. Um, the stock exchange, uh, we talked about stable coins. I mean, another great way for banks to make money. Uh, essentially where does that, how, how does that help or hurt Bitcoin adoption? Because Bitcoin is a sort of a separate, separate, you’re not, you’re not building on Bitcoin as much as you are, say, Ethereum, Mar Solana or, you know, some of the, some of the blockchain things. So, so is it just that. Is it just a, an adoption issue? Because you live in a, in a different world. You live in a world of blockchain and Bitcoin is, its currency. It’s weird, right? Because I, I’m writing this feed like, so Buck, where are you right now? Where, where, where are you located? I’m in Santa Barbara. You’re in California. So, yeah, so I’m in Toronto, right? Uh, you know, I lived in, worked in the States for, you know, a decade, a couple of decades, and I’m back home and it’s like, man, they don’t get it. Right, and, and, and, and what am I talking about? Well, well, this, this is the, the thing that you’ve gotta understand is this, right. Ethereum was invented by Vladi Butrin in this town, Joe Alozo, who’s the head of one of the largest Ethereum groups. Father is a dentist at Bathurst and Spadina. We’re up here and people are saying, oh, you know, president Trump don’t talk about being a 51st state. We act like a colony, duke. We are a, you know, we forget about calling us one. We are. So, look, it, look, there is no doubt in my mind that Ethereum is going to have a place and, and we’re going to use it. Seems like we’re going to use Ethereum and that’s the smart contract, you know? Um. And that’s fine. Um, you know, but going back in time. But, but remember, there’s not per, there’s not perfect scarcity there. So I like Ethereum, don’t get me wrong, but I look at Bitcoin and I look at the, I look at the scarcity, and I also look at the fact of, you know, what sa, what Sailor, if you sailor did a presentation in the middle of next year and all hell broke loose. What he did, and it’s, you know, and of course I’m hypothesizing. He basically went to New York and said, I am going to create fixed income products and I am going to give yields. On those products, and I’m coming after the stranded capital that sits on Wall Street that you guys have been ripping on for years. In the middle of last year, staler went public and declared war. Okay. Are we surprised that Jim Shane Oaks came out and everybody came out basically guns a blazing. Are we surprised? But what he, what Sailor did and put and slammed on the table is it’s pristine capital, it’s transparent capital. And what are you willing to pay for that? And now you GARP banks trading at. We have no idea what their capital structure really is. Honestly, we have an idea, but it’s very opaque, right? You know, the high quality names are trading at two, two to, you know, two times tangible book. You’ve got fintech’s companies trading at four to five times, right book, and you know, what’s Sailor doing right now? Diluting his stock so he can buy as much Bitcoin as he wants because he sees the next game. He says the hell with what you guys think the next game is going to be. Wall Street’s going to realize that Bitcoin is pristine capital and there’s only 21 million of it. What do you and, and what just happened today? What did Morgan Stanley just file a treasury company. So everything you and I are talking about, they know they’re smart guys, right? They’re real, they’re not. That’s, this is the whole point. They’re really, really, really smart. Okay. They see they’ve gone through the history. They know. Okay, so you’re sitting there, you get around the room, you say, so wait a minute. Wait. Whoa, sailor’s over here. And he’s basically saying he’s gonna give you a a pref that’s basically backed by Bitcoin charging 10%. And he’s going after our corporate clients. I mean, and what’s the pitch Buck? You’ve got a hundred million dollars. Okay, you got a hundred million dollars in the kitty. Okay, buck. What happens is you need $10 million a year for working capital, which is in cash, which means you’ve got $90 million sitting there idle. Hey, buck, I can give you 10% on that. You go to Jamie, he’s giving you two. What are you gonna do? Yeah. I think one of the issues right now is I the, the perceived risk profile of that. Right. Uh, you know. I tend to agree with you about the, uh, pristine nature of Bitcoin s collateral, but just in general, the perception. I don’t know that, that that’s. That’s the case. Well, you gotta go back to the fact that, do you think Bitcoin’s going to zero or not? No, of course not. Yeah. ‘ cause the Bitcoin doesn’t go to zero. There’s no, then, then that are, there’s Bitcoin could go to zero. There’s no, I mean, I don’t think, I mean, non-zero probability, of course, right? I don’t think it is. And if that has been, if it has been selected and now you have Wall Street coalescing it, I haven’t even mentioned the president of the United States or his family. Right. Uh, or the Commerce Secretary and his family, right? Or if you go to New York, wall Street, right, they’re all talking about it, right? So, I, I, you know, to me, I, I, the question about micro strategy, to me it’s not. That it’s a treasury company and it’s got a pile of Bitcoin. What does he do with it? Does he become a bank? Like why does it, this is me. I’m pitching him. Right. Hey, Mike, why don’t you just become a FinTech, say you’re like a FinTech company and you’ll get, and you, you’re gonna instantaneously trade it five to six times book. Why don’t you, why are you, you’re talking like you’re attacking them, but you’re still, you’re still a software company with a, with a big whack of Bitcoin that you are writing pres. Right? So, and, and so that’s, that’s how I look at it. I think the wave is too big. We are going to digitize. And the other thing that we didn’t really touch on with respect to AI and blockchain, and I’m gonna paraphrase the president. Right. Um, Mr. Trump is, look, um, it’s a matter of national security, duke, and when I hear that, I go back to the nineties in the eighties when I was in late eighties when I was an undergrad. Right. And it wasn’t China, it was Japan. And, and you know, what happened was, you know, it, it’s funny, Al Gore did deregulate so that. The internet could become for-profit. We all stood around and said, you know what the hell could, how do we make money on this? That’s, you know, what do we do? And then what did we do? We, we, we threw a ton of money at it and the United States controlled it. And what did we get out of it? We got out, we got, you know, all those companies. Right. The last thing I would say to you, and this is much more of a personal story, is I, when I was younger, I was in New York and it was 2000 and I was at the Grand Hyatt, and it was a tech, it was a tech conference and, uh, Larry Ellison Oracle was there and he gave a, he gave a, he gave a a, a fireside chat. Then, um, we go to a breakout room and, you know, in a break, I don’t know about if you’ve been to one, but you go to a breakout room, it’s a smaller room at the hotel, and you know, sometimes you got 25 people, sometimes you got 50 people, right. And, you know, I went to the, I went to the breakout with Mr. Allison ’cause of Oracle and I went in there and it was absolutely jammed and I was sweating and he just looked at us and he just ripped us. He AP Soly, just, I still have the scars today. I’m talking to you about it. Okay. He called it a bubble. He called it a bubble. He, he was early in calling it a bubble. I never forgot that. And then you sit there and see what he’s doing right now. Where he’s levering up the balance sheet. Now, to me, having survived in this game for such a long period of time, and I call it a game, it’s a game of strategy, whatever, you know, how does that not, you know, I would say to you, we were, your office was next to mine. Fuck. I remember New York, he’s loading the goose loaded in. He go in, he’s borrowing money from his grandmother. He’s, you know, what is going on. And he’s really stinking smart. You know, he’s, he, Larry Allenson just doesn’t do, and people, oh, he’s in, you know, he’s, no, he’s not, he’s, he’s like the mentor of all of these guys. You know what I mean? So there’s a, to me, there’s a discontinuity that these need to believe that we’re still early on because you know, what, if Larry’s, what do we take when Larry or Mr. Ellison is leveraging up to me, it’s profound because I’m anchoring off of my bias to the New York, the New York high at, at the Tech Co. I think it was, I think it was at Bear Stearn. I couldn’t remember Bear Stearns or Lehman. But you know, one of those I carry that experience on with the rest of my life. I do. It’s like, what is Larry thinking? Right? So he’s leveraging up buck. That’s all I know. He’s a priest or guy. Well, that’s probably a good place for us to stop, Jim, uh, chief, uh, market strategist at Wellington Elta Private Wealth. Thank you so much for joining me. Thanks so much and be safe. 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. 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 the show everyone. Hope you enjoyed it. Uh, and, uh, as I said before, do not ignore ai. This is something that you need to start using. Have your kids start using it. Uh, make sure that they, you know. They use it every day because this whole world is turning AI and it’s gonna happen. You know, it’s gonna happen in, in a blink of an, uh, blink of an eye. And the world is gonna change and there are gonna be real winners out there. And the winners are gonna be people who knew where there was, was going and kind of used it in their mind’s eye as they looked on navigating how. You know how to allocate their money. Anyway, that is it for me. This week on Wealth Formula Podcast. This is Buck JJoffrey 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 wealth formula roadmap.com.

Als Farah Badloe in Suriname is, voelt ze een enorme connectie met het land en met haar verleden. Ze weet alleen heel weinig over de geschiedenis van haar voorouders. Farah haar beide ouders hebben Surinaamse roots en Farah is in Nederland opgegroeid. Toen haar vader naar Suriname vertrok, is Farah bij haar moeder opgegroeid. Daar heeft ze weinig van de Surinaamse cultuur meegekregen en heeft daardoor altijd het gevoel dat ze ‘niet Surinaams genoeg' is.  Genealoog Denie Kasan bewijst het tegendeel door haar alles te vertellen over haar vele Surinaamse voorouders.

"Die Bedeutung von Europa ist für mich noch viel größer geworden", sagt die Schauspielerin und Schriftstellerin Valery Tscheplanowa mit Blick auf den russischen Angriffskrieg in der Ukraine. "Handlungsfreiheit und Meinungsfreiheit, das bedeutet Europa und ein friedliches Miteinander der verschiedensten Kulturen. Ich lebe europäisch, ich reise europäisch - ich esse sogar europäisch." Von Valery Tscheplanowa.

Valery Tscheplanowa begeistert ihr Publikum, ob vor der Kamera oder auf der Bühne. Als "Buhlschaft" wurde sie im "Jedermann" bei den Salzburger Festspielen gefeiert und wurde mit vielen Preisen ausgezeichnet, etwa mit dem Kunstpreis Berlin, dem Ulrich Wildgruber-Preis und war 2017 Schauspielerin des Jahres. Geboren und aufgewachsen ist Valery Tscheplanowa im sowjetischen Kasan, kam mit acht Jahren nach Deutschland, begann mit dem Puppenspiel und wechselte dann ins Schauspielfach. Nach ihrer Ausbildung wurde sie Ensemble-Mitglied am Deutschen Theater Berlin, spielte am Schauspiel Frankfurt und am Münchener Residenztheater. Heute ist sie vor allem auch einem breiten Fernsehpublikum bekannt. Wie viele Kolleginnen und Kollegen hat auch Tscheplanowa für sich das Schreiben entdeckt. 2023 erschien ihr Romandebüt "Das Pferd im Brunnen", dem jetzt ein zweites Buch folgte: "Ist es Liebe". Darüber spricht Valery Tscheplanowa in NDR Kultur à la carte mit Katja Weise.

Special Guest: Sam Kasan (New Jersey Devils Senior Producer, Content)By Sam Woo and Nick Villanohttps://pucksandpitchforks.comhttps://www.LetsGoDevils.comRATE, REVIEW, AND SUBSCRIBE: Apple Podcasts - https://podcasts.apple.com/us/podcast/lets-go-devils-podcast/id1371371669 #NJDevils #NHL #LetsGoDevils #LGD #Devils #NewJersey #NCAA #AHLBecome a supporter of this podcast: https://www.spreaker.com/podcast/let-s-go-devils-podcast--2862943/support.

"Crónicas Lunares di Sun" es un podcast cultural presentado por Irving Sun, que abarca una variedad de temas, desde la literatura y análisis de libros hasta discusiones sobre actualidad y personajes históricos. Se difunde en múltiples plataformas como Ivoox, Apple Podcast, Spotify y YouTube, donde también ofrece contenido en video, incluyendo reflexiones sobre temas como la meditación y la filosofía teosófica. Los episodios exploran textos y conceptos complejos, buscando fomentar la reflexión y el autoconocimiento entre su audiencia, los "Lunares", quienes pueden interactuar y apoyar el programa a través de comentarios, redes sociales y donaciones. AVISO LEGAL: Los cuentos, poemas, fragmentos de novelas, ensayos y todo contenido literario que aparece en Crónicas Lunares di Sun podrían estar protegidos por derecho de autor (copyright). Si por alguna razón los propietarios no están conformes con el uso de ellos por favor escribirnos al correo electrónico cronicaslunares.sun@hotmail.com y nos encargaremos de borrarlo inmediatamente. Si te gusta lo que escuchas y deseas apoyarnos puedes dejar tu donación en PayPal, ahí nos encuentras como @IrvingSun  https://paypal.me/IrvingSun?country.x=MX&locale.x=es_XC  Síguenos en:  Telegram: Crónicas Lunares di Sun  ⁠Crónicas Lunares di Sun - YouTube⁠ ⁠https://t.me/joinchat/QFjDxu9fqR8uf3eR⁠  ⁠https://www.facebook.com/cronicalunar/?modal=admin_todo_tour⁠  ⁠Crónicas Lunares (@cronicaslunares.sun) • Fotos y videos de Instagram⁠  ⁠https://twitter.com/isun_g1⁠  ⁠https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy9lODVmOWY0L3BvZGNhc3QvcnNz⁠  ⁠https://open.spotify.com/show/4x2gFdKw3FeoaAORteQomp⁠  https://mx.ivoox.com/es/s_p2_759303_1.html⁠ https://tunein.com/user/gnivrinavi/favorites⁠ 

... und die Nervosität des WestensDer BRICS-Gipfel in Rio wurde als unspektakulär wahrgenommen und westliche Medien berichten kaum über die Entwicklungen in der Gruppe, dabei macht sie den Westen zunehmend nervös.Ein Standpunkt von Thomas Röper.Manche haben den unscheinbaren BRICS-Gipfel in Rio als Zeichen dafür gesehen, dass aus den BRICS “die Luft raus” sei, vor allem, wenn ihn mit dem Vorjahresgipfel in Russland vergleicht, auf dem viele weitreichende Entscheidungen, wie beispielsweise die Erweiterung der BRICS, getroffen wurden und wo langfristige Projekte wie die Abwicklung von Zahlungen in nationalen Währungen anstatt Dollar angestoßen wurden. Aber dieser Eindruck ist nicht richtig, denn nach jeder großen Veränderung folgt immer eine Zeit der Konsolidierung, das gilt auch hier. Fjodor Lukjanow ist Chef des Valdai-Clubs, des wohl einflussreichsten geopolitischen Thinktanks in Russland, und ein führender russischer Analyst. Er hat in einem kurzen Artikel objektiv und verständlich erklärt, was derzeit innerhalb der BRICS vor sich geht, wie die weiteren Perspektiven sind und warum die USA angesichts des Wachstums der BRICS inzwischen nervös werden. Ich habe seinen Artikel übersetzt. Beginn der Übersetzung:Jahrelang belächelte der Westen den BRICS – heute nimmt man die Gruppe ernstDas Gipfeltreffen der BRICS-Staaten in Rio hat gezeigt: Der Allianz steckt nicht in einer Krise, sondern in einem Wandel. von Fjodor Lukjanow | Russia in Global AffairsDie Idee einer multipolaren Welt wurde lange in zwei unterschiedlichen Kontexten verwendet. Der eine war eine Zeit, in der die globale Hegemonie fest etabliert und unangetastet war, wie in den eineinhalb Jahrzehnten nach dem Kalten Krieg. In diesem Fall diente „Multipolarität“ lediglich als Schlagwort, als symbolischer Protest gegen die Dominanz der USA, ohne eine dahinterstehende praktische Strategie.Der andere Kontext ist eine vollständig zusammengebrochene Hegemonie, in der die internationalen Beziehungen zu ihrer historischen Norm zurückkehren: ein fluides, unvorhersehbares Zusammenspiel von Staaten mit unterschiedlich großem Einfluss. In diesem Fall wird Multipolarität zur Realität, und das Handeln richtet sich nach dem unmittelbaren Kontext.Die heutige Welt entspricht keinem dieser beiden Zustände. Die alte unipolare Ordnung verblasst, doch ihre Strukturen und Reflexe sind nach wie vor lebendig. Genau das macht die gegenwärtige Lage so eigenartig – und die BRICS zu einem wichtigen Indikator für den voranschreitenden Übergang. Diese Gruppe von Staaten spiegelt trotz aller Diversität und Widersprüche die Konturen einer Welt wider, die zunehmend weniger vom Westen geprägt ist.Der jüngste BRICS-Gipfel in Rio de Janeiro sorgte mancherorts für Enttäuschung. Mehrere wichtige Staats- und Regierungschefs fehlten, und es entstanden keine spektakulären Schlagzeilen. Im Vergleich zum ambitionierten Treffen im vergangenen Jahr in Kasan wirkte die Veranstaltung eher gedämpft. Doch dieses gedämpfte Umfeld bedeutet kein Rückschritt, sondern es spiegelte das veränderte Umfeld wider, in dem BRICS heute agiert.Drei Entwicklungen erklären die Trends des Gipfels: Hosted on Acast. See acast.com/privacy for more information.

Die Ukraine soll einen Drohnenangriff auf die Stadt Kasan weit im Landesinneren Russlands verübt haben. Der frühere Bundeswehroberst Ralph Thiele warnt, der Krieg brutalisiere sich auf beiden Seiten und weite sich aus.

Gaza: 30 Tote bei israelischen Angriffen | Kurden im Nordosten Syriens geraten weiter unter Druck | Syriens neue Machthaber wollen Waffen unter staatliche Kontrolle stellen | Putin kündigt Vergeltung für ukrainische Angriffe auf Kasan an | Erneut richten russische Soldaten ukrainische Kriegsgefangene hin

Weihnachtspäckchen und Briefe von Angehörigen für ukrainische und russische Kriegsgefangene in Belarus ausgetauscht │ Die Ukraine hat die russische Großstadt Kasan mit Drohnen angegriffen, es gibt Schäden und Evakuierungen │ Russland hat ebenfalls Drohnen gegen die Ukraine eingesetzt und meldet die Einnahme einer weiteren Ortschaft in der Region Donezk │ Außenministerin Baerbock hat die Türkei besucht und dort u.a. über den Schutz der kurdischen Minderheit in Syrien und die türkischen Sicherheitsinteressen gesprochen │ Die Huthi-Miliz im Jemen hat Tel Aviv mit einer ballistischen Rakete angegriffen │ Zur Weihnachstzeit findet man in Betlehem dieses Jahr weder den Weihnachtsmarkt auf dem Platz vor der Geburtskirche - noch Touristen oder Pilger. Den Palästinensern dort fehlen dadurch dringend benötigte Einnahmen.

Der BRICS-Gipfel in Kasan ist vorbei, aber die Diskussionen über die Auswirkungen auf die Weltwirtschaft und die EU haben gerade erst begonnen!

The Fellas are back with another episode of Hello Hockey! The boys go through the NHL and take deep dives on the New Jersey Devils and the Vancouver Canucks. All that and so much more on Hello Hockey. Today's Guests: David Pagnotta - The Fourth Period Sam Kasan - Devils Reporter Irf Gaffar - Canucks Reporter

USA prangern Schweiz an – zwei Anwälte auf Sanktionsliste, Reportage aus dem russischen Kasan, 50 Jahre «Kraftwerk»-Album «Autobahn»

Der BRICS-Gipfel in Kasan unterstrich die wachsende Bedeutung des Bündnisses, das fast die Hälfte der Weltbevölkerung repräsentiert. Klare Einigkeit in den großen geopolitischen Fragen fehlte aber. Trotz interner Spannungen und keiner konkreten Ergebnisse zeigt sich der Westen zunehmend besorgt über den Einfluss und die institutionelle Dynamik der BRICS-Staaten.

Heute mit Stimmen zum US-Wahlkampf. Daneben ziehen einige ausländische Zeitungen eine Bilanz des BRICS-Gipfels im russischen Kasan. www.deutschlandfunk.de, Internationale Presseschau

Im russischen Kasan haben sich die Brics-Staaten zum Gipfel getroffen. Wird aus der Vereinigung ein echtes Gegengewicht zu den G7, oder bleibt es bei einem losen Zusammenschluss? Das besprechen wir mit dem Publizisten Dr. Peter Hänseler, der vor Ort war. In Leipzig beraten sich die deutschen Ministerpräsidenten zum Thema Migration. Dazu begrüßen wir die Migrationsforscherin Dr. Sandra Kostner und fragen, warum das über Jahrzehnte etablierte Asylsystem an seine Grenzen kommt. Mit dem belgischen Historiker Dr. David Engels blicken wir auf muslimische Einflüsse in der belgischen Politik, und Cora Stephan kommentiert die komplizierte Lage der CDU angesichts einer möglichen Zusammenarbeit mit dem BSW.

Heute mit Kommentaren zu den diplomatischen Bemühungen um eine Waffenruhe in Nahost und zum BRICS-Gipfel im russischen Kasan. Doch zunächst ins Inland. Aus der Koalition kommen unterschiedliche Vorschläge zur Wirtschafts-, Finanz- und Sozialpolitik. Dazu schreibt die FRANKFURTER RUNDSCHAU: www.deutschlandfunk.de, Presseschau

Aischmann, Frank www.deutschlandfunk.de, Das war der Tag

O presidente Lula (PT) voltou a culpar Israel pelos conflitos com os terroristas do Hamas e Hezbollah no Oriente Médio, mas aliviou para o ditador russo Vladimir Putin, durante sua participação por videoconferência na reunião de cúpula dos Brics, que acontece em Kasan, na Rússia.Meio-dia em Brasília traz as principais informações da manhã e os debates que vão agitar o dia na capital federal e do mundo. Apresentação Wilson Lima.    Apoie o jornalismo Vigilante: 10% de desconto para audiência do Meio-Dia em Brasília     https://bit.ly/meiodiaoa    Siga O Antagonista no X, nos ajude a chegar nos 2 milhões de seguidores!     https://x.com/o_antagonista    Acompanhe O Antagonista no canal do WhatsApp.   Boletins diários, conteúdos exclusivos em vídeo e muito mais.     https://whatsapp.com/channel/0029Va2S...    Ouça O Antagonista | Crusoé quando quiser nos principais aplicativos de podcast.    Leia mais em www.oantagonista.com.br | www.crusoe.com.br 

António Guterres besucht das Gipfeltreffen der BRICS. Der UN-Generalsekretär wird bei seinem Besuch auch vom russischen Präsidenten Wladimir Putin empfangen – ihr erstes Treffen seit April 2022. Insgesamt sind Vertreter von 32 Länder angereist, davon 24 Staats- und Regierungschefs.

Heute mit weiteren Stimmen zum EU-Referendum in der früheren Sowjetrepublik Moldau. Zudem geht es um die jüngste Vermittlungsreise von US-Außenminister Blinken im Nahen Osten. Doch zunächst widmen wir uns dem Gipfel der BRICS-Staaten im russischen Kasan. www.deutschlandfunk.de, Internationale Presseschau

Für Aufmerksamkeit sorgt die Teilnahme von UNO-Generalsekretär Guterres am Brics-Gipfel im russischen Kasan. Dazu schreibt die FRANKFURTER ALLGEMEINE ZEITUNG: www.deutschlandfunk.de, Presseschau

Ein Gegengewicht zum Westen in wirtschaftlicher und vielleicht auch in militärischer, geopolitischer Hinsicht wollen die BRICS-Staaten schaffen. In dieser Woche treffen sie sich im russischen Kasan. Entsteht hier eine neue Wirtschaftsordnung? Welches Potenzial hat BRICS? Und wie ernst muss der Westen das Bündnis nehmen?

Der Botschafter der Ukraine in Brasilien, Andrij Melnyk, glaubt, dass sich der Westen zu wenig mit der Gruppe der BRICS-Staaten befasst. Es gebe keine Strategie, diesem Phänomen zu begegnen. Er befürchtet deshalb eines Tages "ein böses Erwachen". Küpper, Moritz www.deutschlandfunk.de, Interviews

Putin empfängt über 20 Staats- und Regierungschefs in Kasan. Trotz westlicher Sanktionen und internationalem Haftbefehl ist er nicht isoliert. Was bringt der Gipfel jenseits der Symbolik? Außerdem: Kann Meloni ihr Albanien-Modell per Dekret retten? (14:52) Stephanie Rohde

Vertreter aus rund 40 Ländern werden am letzten Tag des 16. jährlichen BRICS-Gipfels in Kasan, Russland, an Diskussionen über die zunehmenden Spannungen im Nahen Osten teilnehmen.

Russischer Präsident Putin lädt zum BRICS-Gipfel in Kasan, Schrumpfende Wirtschaft: Unternehmer kritisieren Ampelregierung bei Arbeitgebertag in Berlin, Steuerschätzer erstellen Herbstprognose, US-Außenminister Blinken reist erneut zu Vermittlungsgesprächen in den Nahen Osten, Streit über Flüchtlingslager in Albanien: Italien beschließt neue Asylregelung, Erster Fall einer neuen Variante des Mpox-Virus in Deutschland aufgetaucht, Das Wetter

Russischer Präsident Putin empfängt Vertreter 32 Länder zum BRICS-Gipfel in Kasan, US-Tech-Milliardär Elon Musk unterstützt Trump-Wahlkampf mit umstrittener Millionen-Tombola, Gottesglaube und Autos: North Carolina vor der US-Präsidentschaftswahl, Schrumpfende Wirtschaft: Unternehmer kritisieren Ampelregierung bei Arbeitgebertag in Berlin, Die Meinung, Weitere Meldungen im Überblick, Aufklären und Vorurteile abbauen: Welttag des Stotterns, Das Wetter

Regelmäßig treffen sich die BRICS-Staaten zu Gipfeltreffen wie aktuell in Russland. Doch nur gemeinsam gegen den Westen zu sein, schafft noch keine positive Bindekraft.

Aischmann, Frank www.deutschlandfunk.de, Das war der Tag

Russischer Präsident Putin empfängt Vertreter 32 Länder zum BRICS-Gipfel in Kasan, US-Tech-Milliardär Elon Musk unterstützt Trump-Wahlkampf mit umstrittener Millionen-Tombola, Gottesglaube und Autos: North Carolina vor der US-Präsidentschaftswahl, Schrumpfende Wirtschaft: Unternehmer kritisieren Ampelregierung bei Arbeitgebertag in Berlin, Die Meinung, Weitere Meldungen im Überblick, Aufklären und Vorurteile abbauen: Welttag des Stotterns, Das Wetter

Kellermann, Florian www.deutschlandfunkkultur.de, Studio 9

Das Stahlwerk Gerlafingen steht vor dem Aus. Einer der Hauptgründe sind die hohen Strompreise. Der grösste Teil der rund 500 Angestellten ist am Morgen nach Bern gereist, um gegen die Abbaupläne ihres Arbeitgebers zu protestieren und von der Politik Hilfe einzufordern. Weitere Themen: Öffentliche Medien sehen sich oft dem Vorwurf ausgesetzt, private Medien im Markt zu bedrängen oder gar zu verdrängen. Ein aktueller Bericht zeigt nun: Die Nutzung von SRG-Inhalten, zu der auch Radio SRF gehört, wirkt sich nicht negativ auf die Zahlungsbereitschaft für Online-News aus – im Gegenteil. Ab Dienstag versammeln sich im russischen Kasan die Staats- und Regierungschefs der Brics-Länder zum Gipfeltreffen. Die Staatengruppe der Schwellenländer wächst zunehmend, gilt aber als entscheidungsschwach. Dennoch ist die Brics-Gruppe weitaus bedeutender als dem Westen lieb sein dürfte.

Brasilien, Russland, Indien, China, Südafrika – diese fünf namengebenden Gründungstaaten wollen ihr BRICS-Bündnis stärken und erweitern. Beim Treffen im russischen Kasan in dieser Woche werden zwei Dutzend Regierungen dabei sein, die vor allem eines eint: sie gehören nicht zum Westen. Doch was möchten diese politisch und wirtschaftlich so unterschiedlichen Staaten des Globalen Südens darüber hinaus: von der schwindenden Macht des Westens profitieren, die Spielregeln einer neuen Weltordnung mitschreiben? Oder ist das lockere BRICS-Bündnis nur ein Baustein der jeweils interessengeleiteten Außenpolitik? Kann das erweiterte BRICS das Gegenstück zu G7 werden? Claus Heinrich diskutiert mit Prof. Dr. Günther Maihold – Politikwissenschaftler, FU Berlin, Lateinamerikaexperte; Prof. Dr. Eberhard Sandschneider – Politikwissenschaftler, Berlin Global Advisers, Ostasienexperte; Thomas Seibert – Journalist und Autor, Türkeiexperte

Xi Jinping wird nach Russland reisen: Der BRICS-Gipfel in Kasan steht bevor, wo globale Wirtschaftsmächte ihre Zusammenarbeit vertiefen. https://gjw.one/rnugfc

Im Oktober findet in Kasan das nächste Treffen der BRICS-Staaten statt. Der russische Präsident erwartet dazu auch Xi Jinping – und schlägt ein „bilaterales Arbeitstreffen“ vor.

The last target is in the mountains, in a lawless town known as Kasan. It's a hotbed of illegal mining and crime, as prospectors frantically dig up what they can to sell to either side and gangs extort money from the prospectors. The agents need to find their target without attracting attention to themselves or falling victim to the roving gangs. Vee as Rabbit, voidborn guard savant, – Check out Queen's Court Games Noah as Khurt Neksilp, imperial guard – Listen to Thinking Too Hard About Anime Thad as The Harrow, voidborn mystic psyker Kara as Lim the null hiveborn blank zealot

Valery Tscheplanowa ist eine der großen deutschen Schauspielerinnen. Sie kam als Kind aus der damaligen Sowjetunion nach Kiel. Ein Gespräch über die Frauen in ihrer Familie, das Leben im Kommunismus und das Schweigen der Russen. Im Herbst 2023 stellte die Film- und Theaterschauspielerin Valery Tscheplanowa ihren ersten Roman vor: »Das Pferd im Brunnen«. Die Reaktionen auf das in Teilen autobiografische Buch waren überschwänglich.Tscheplanowa kam 1980 im russischen Kasan zur Welt und verbrachte ihre frühe Kindheit in der Sowjetunion. Mit acht siedelte sie zusammen mit ihrer Mutter nach Deutschland über. 2017 wurde sie zur Schauspielerin des Jahres gewählt, tritt regelmäßig in Kino- und Fernsehfilmen auf. Im Podcast »Moreno+1« spricht Host Juan Moreno mit Valery Tscheplanowa über das komplizierte Verhältnis zu ihrem Geburtsland. »Die schiere Größe Russlands, die vielen unterschiedlichen Kulturen, die vielen Ethnien diesem Land so zusetzen, das alles könnte dazu führen, dass dieses Land irgendwann einfach zerbricht«, so Tscheplanowa. Das sei in ihren Augen eine mögliche Lösung für die Spannungen im Land. Hoffnung auf eine baldige politische Änderung schöpft sie aus ihren Gesprächen mit jungen Russen. »Bei den älteren Russen allerdings, tue ich mich mit dieser Hoffnung schwer«.+++ Alle Infos zu unseren Werbepartnern finden Sie hier. Die SPIEGEL-Gruppe ist nicht für den Inhalt dieser Seite verantwortlich. +++ Alle SPIEGEL Podcasts finden Sie hier. Mehr Hintergründe zum Thema erhalten Sie bei SPIEGEL+. Jetzt für nur € 1,- für die ersten vier Wochen testen unter spiegel.de/abonnieren Informationen zu unserer Datenschutzerklärung.

Interview: Sam Kasan (New Jersey Devils Senior Producer)

Special Guest: Sam Kasan (New Jersey Devils Senior Producer)Hosted By Sam Woo and Nick Villanohttps://pucksandpitchforks.comhttps://www.LetsGoDevils.comRATE, REVIEW, AND SUBSCRIBE: Apple Podcasts - https://podcasts.apple.com/us/podcast/lets-go-devils-podcast/id1371371669 #NJDevils #NHL #LetsGoDevils #LGD #Devils #NewJersey #NCAA #AHL

1.Nalah Jackson, woman accused of kidnapping Kasan and Kyair Thomas is in court for spitting on an officer during jail processingWe hear from one of the heroes who found baby Kason in a cold car, Shyann Delmar2. University Of Idaho Updates & new photo taken inside the bar moments before Kaylee and Maddie left for the food truck. 3. Madalnia Cojocari still missing and her mom and step-dad don't have their bond hearing today.4. Filings in the Lori Vallow and Chad Daybed case Episode Photos: https://drive.google.com/file/d/1qcjwIck5x9YiOucOmpBHBqeIxElEA_vX/view?usp=sharingPatreon: https://www.patreon.com/PrettyLiesAndAlibisMerch: prettyliesandalibis.myshopify.comDonate: PayPal - prettyliesandalibis@gmail.com Venmo - @prettyliesalibisBuy Me A Coffee - https://www.buymeacoffee.com/prettyliesrCash App- Prettyliesandalibis

Kasan and Kyair have both been found alive and well after being kidnapped in their mother's car. Missing Madalina Cojocari latest.JFrances Art - https://www.instagram.com/j.francesart/Episode Photos: https://drive.google.com/file/d/1E_BJx35mEv1UGJSMQyJwfCf0tXoA_ikO/view?usp=sharingPatreon: https://www.patreon.com/PrettyLiesAndAlibisMerch: prettyliesandalibis.myshopify.comDonate: PayPal - prettyliesandalibis@gmail.comVenmo - @prettyliesalibisBuy Me A Coffee - https://www.buymeacoffee.com/prettyliesrCash App- Prettyliesandalibis

185. In Gamifying Healthy Eating Habits, host Will Moore sits down with Nita Kasan, to discuss how music can help us reach our full potential. Nita and Will get into a gamified (reduced friction) version of the Keto diet, the importance of systems in your eating habits, and how to not blind copy other's systems, but to create your own so you can fire on all cylinders. One size doesn't fit all when it comes to the latest diet trends which is why it's crucial to be aware of your own body. What's your core score? Take the FREE Life Evaluator Quiz to see where you currently stand in your five cores: www.mooremomentum.com/free-li... Like and Subscribe! Are you ready to fire on all cylinders? If so, let's go! MORE ABOUT GAMIFY YOUR HABITS & WILL MOORE: My #1 mission in life is to help you become the best version of YOURself so you can, in turn, pay it forward to make the world the best version of ITself. WHAT'S YOUR CORE SCORE? Take the FREE Life Evaluator Quiz to see where you currently stand in your five cores: https://www.mooremomentum.com/free-life-evaluation Like and Subscribe! FIND ME ON FACEBOOK, IG or TWITTER: @mooremomentum JOIN MY FACEBOOK GROUP: 5 Core Life: Become an Entrepreneur in the Five Crucial Areas of Your Life ⬇️ https://www.facebook.com/groups/buildamilliondollarbiz/ SIGN UP FOR OUR WEEKLY BLOG AS WELL! www.mooremomentum.com/blog Nita Kasan Bio: Nita Kasan is the principal of two nationwide organizations that support the coaching, mentoring, and healthcare leadership needs of hospitals in the US. Years of supporting the healthcare industry, she started to lose sight of the fact that she had come into her career because of the desire to truly make a difference in the world. Now in addition to her healthcare business, Nita spends her time changing thousands of people's quality of life by teaching the proven science of Biohacking and how to get the same benefits of the Ketogenic diet without following a Ketogenic diet. Learn more at: https://www.legacyofexcellence.pro/keto4life --- Send in a voice message: https://anchor.fm/5corelife/message

Tuhafiyeciye girdim ve giymekten bıktığım palto için değişik düğmeler aradığımı söyledim. O da hindistan cevizi kabuğundan üretilmiş olan düğmelerden bahsetti bana. ‘Bu,' dedi , sizinle paltonuz arasında kopmuş olan ilişkiyi yeniden…. O sırada havayı döver gibi yaptı. Sanırım sözcükler ya da aradığı sözcük o sırada aklına gelmemişti. Kasanın arkasındaki patron kılıklı adam hemen devreye girip ‘onarır onarır' diye tamamladı havada uçuşan hayali sözcüğü. Onarmak mı? Tuhaf tuhafiyecileri her zaman sevmiş biri olarak yol boyunca düşündüm ‘aslında neyi onarır bu düğmeler' diye… Eski siyah düğmelerin yerine diktiğim hindistan cevizli paltonun sefasını sürerken de geldi bu soru buldu beni. Geçtiğimiz yüzyılın ünlü tiyatro yönetmenlerinden biri olan Peter Brooke'un çağdaş tiyatro için sözünü ettiği cümleyi de düşünmek o sıralarda farz oldu.

Welcome to The Today's Leader Podcast episode 326. Last week I was in Uluru to run the Australian Outback Marathon and I will be sharing more of that story in next Monday's Mentoring episode. Needless to say, this conversation that I am about to share is absolutely relevant. We often discuss our mental health and mindfulness as leaders and have not discussed physical health as often. This episode deals with the issues being faced by leaders in relation to physical health and the concept of brain fog.Nita Kasan is a master's prepared Registered Nurse whose professional career has ranged from Critical Care to Flight Nursing, to serving as a Lieutenant Commander in the United States Naval Reserve Nurse Corps, to Chief Nursing Officer & Chief Operating Officer roles in multiple hospitals throughout the U.S.Nita is currently the Principal and Owner of two organizations that support the coaching, mentoring, and healthcare Leadership needs of hospitals nationwide.In addition to her Healthcare business focus, Nita has a passion for helping herself and others upgrade their body, their mind, and their lives through the proven science of Biohacking and Ketones.  Through this Nita helps people accelerate their body's ability to “burn fat for fuel” independent of diet & exercise, and during this time with her, she's going to tell us exactly how she does that!Nita can be contacted via:https://www.innovativeexcellence.net/abouthttps://www.legacyofexcellence.pro/keto4lifeNow is the time for you to take control of your leadership growth in this disruptive world we navigate. Our aim is to help you become the best leader you need to be today by providing you access to global leaders and experts.If you are looking to build better leadership skills, check out The Todays Leader website at todaysleader.com.auToday's Leader is a collective mindset, being the best leader today forging greater success tomorrow. The mindset to make a difference and the ability to create an impact.Think & Grow Business Hosts our Today's Leader Masterminds. TAGB where we focus on personal, professional, and business growth. Book your free 30-minute discovery call at https://thinkandgrowbusiness.com.au/book-your-free-discovery-call/You are standing Stronger, Braver, and Wiser. Don't forget the golden rule – Don t be an A-Hole