Podcasts about reserves

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Why Bitcoin suddenly surged more than 20% after months of silence The U.S. Treasury doubled its bond buybacks - what that means, explained simply Bessent swore he'd never do what Yellen did. Then he did it twice as big The legend who taught Bessent everything just publicly questioned him in a WSJ Op-Ed ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Order my approachable introduction to Bitcoin book "Bitcoin is for Everyone: https://www.amazon.com/dp/1804091138?linkCode=ssc&tag=onamzameri07b-20&creativeASIN=1804091138&asc_item-id=amzn1.ideas.3Q6CKLCXBKGSV&ref_=aip_sf_list_spv_ons_mixed_d_asin  Limited signed copies are available for purchase at shop.talkingbitcoin.com powered by Speed Wallet.  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com ---- Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

Jonathan Goodman did everything the Bitcoin experts tell you to do: Multiple hardware wallets, backups stored in separate places and a seed phrase stamped into metal. But last month he opened his cold storage set-up and found his Bitcoin gone. In this deeply personal episode of Coin Stories, Natalie Brunell sits down with the author and entrepreneur, one of the most affected victims of the Coldcard exploit — money he had set aside for his children. We discuss: The moment he found out and what he did right away Why three separate backups all failed for the exact same reason What the detectives told him about getting his Bitcoin back Why he expects no class action lawsuit is coming What he'd say to the founder of the company that lost his savings  Why he refuses to be angry about any of it Follow Jonathan Goodman on X: https://x.com/itscoachgoodman   ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com  ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie    Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

In this episode, we taste and review the brand new Booker's The Reserves 2026. This is a limited-edition Kentucky Straight Rye Whiskey finished in apple brandy barrels and infused with cinnamon. This is a family recipe of sorts and it's meant to honor the tradition that Booker used to follow during the holidays when he used Booker's barrels to age homemade apple wine. This rye is aged for a little over 6 years and comes in at 125.1 proof and is uncut, unfiltered, and non-chill filtered. Give us a listen to find out how it tastes. --------------------------SocialsIG: https://www.instagram.com/themashupkyFB: https://www.facebook.com/themashupkyYouTube: https://www.youtube.com/@themashupkyJoin our community on Patreon: https://www.patreon.com/TheMashUpBourbonPodcastPartnership(s)Visit Bourbonoutfitter.com and enter code THEMASHUP for a special discount or visit bourbonoutfitter.com/THEMASHUPMusic: All the Fixings by Zachariah HickmanThank you so much for listening!

Most people dread PCS season for how much it drains the bank account — Jared flips it into a $7,500 payday. Back on the show, the host of the Military Miler podcast breaks down the exact moves he used moving his family from Italy to Japan: circuitous travel memos, leave in conjunction with official travel, stacking credit card credits, and pocketing thousands in COLA and utilities along the way. But this one goes deeper than travel hacking — it's a candid conversation about budgeting overseas, why your savings rate should bend to your values, and the trap of chasing financial independence so hard you forget to live. Practical tactics up front, real talk about "enjoying the ride" on the back half. Questions Asked: What's the strategy you're using to plus up your bank account before your next OCONUS assignment? Why did your chief recommend NOT going TDY en route, and how does transient BAH factor in? How does circuitous travel work, and how much does the Air Force reimburse per person? How do programs like LICWO (Leave in Conjunction with Official Travel) and circuitous travel actually save families money? What credit card moves are you stacking to get reimbursed for flights, fees, and pet travel? Living OCONUS, have you found any apps, tips, or systems that help track expenses and stick to a budget? Why did you switch from YNAB to Monarch Money, and what won you over? How do you handle irregular overseas bills, currency exchange, and fuel cards when budgeting? Which credit cards make sense overseas (foreign transaction fees, Visa/Mastercard acceptance)? How do you decide between living on base vs. off base — and paying above your BAH? What do you give up by chasing an extremely high savings rate, and is there a better balance? Where can people find you and what are you working on? Main Topics Covered: Turning a PCS into a profit: banking ~$2,500/month in saved COLA and utilities for a ~$7,500 net gain Circuitous travel and LICWO explained — and getting a $4,500-per-person reimbursement memo "The squeaky wheel gets the grease" — advocating for better travel options instead of accepting the worst flights Keeping family in a higher-BAH location, SCRA lease breaks, and shipping goods early to save Reducing the PCS burden on your spouse as part of the service member's job Credit card strategy: airline fee credits (Amex Platinum, Ritz-Carlton), Sapphire Reserve travel credits, and getting cat/pet fees reimbursed Budgeting overseas: YNAB vs. Monarch Money, auto-categorization, and creating spending rules Handling irregular utility bills, delayed charges, currency swings, and fuel cards abroad Building a bigger emergency fund and "don't spend your utility money" advice for new OCONUS airmen Foreign transaction fees — why annual-fee cards (waived for active duty) and Visa/Mastercard win overseas Weekly money meetings and aligning spending with your values (h/t Rebel Finance School, Ramit Sethi) Using points and miles to fly family in, book cheap intra-Asia trips, and buy "free" wants (Sonos speakers) A real-world redemption: 27,000 Alaska points + $150 vs. $1,600 cash for family flights Seasons of military life — the adventure vs. community continuum, and choosing per assignment The FIRE trap: why "sacrifice everything now" is shortsighted, and enjoying the ride to financial independence Bonus: Japanese microvans and minivans (Honda N-Box, Toyota Alphard, Delica) and the weak yen Links & Resources Mentioned: Military Miler podcast (YouTube and all podcast platforms) militarytravelrewards.com Monarch Money https://www.monarch.com/ (referral link for ~50% off first year) https://www.monarch.com/referral?code=iqj4r4ixad  Military Money Manual mentorship — militarymoneymanual.com/mentor Referenced first appearance: Military Money Manual episode 217 Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

In this weekend's episode, three segments from this past week's Washington Journal. First: As gas prices continue to rise with the war with Iran, there's renewed scrutiny of America's oil and gas companies. We speak with Dustin Meyer from the American Petroleum Institute about the impact on consumers and the state of oil and gas reserves in the U-S. Then: Conservative columnist and podcaster Henry Olsen of the Ethics and Public Policy Center discusses Campaign 2026 and political news of the week. Finally: A conversation with Amanda Litman – co-founder of the group "Run For Something" whose goal is to help elect young progressives. We'll talk about that effort – and the role of progressives in the midterm campaign and beyond. Learn more about your ad choices. Visit megaphone.fm/adchoices

Natalie Brunell sits down with Alex Leishman, Founder, CEO & CTO of River. Alex shares what River's own client data reveals about who is buying and selling Bitcoin right now — and why big institutions are quietly accumulating during this downturn while everyday investors sell. In this episode: Is Bitcoin still Bitcoin if Wall Street owns a growing share of it? Why most people never move their Bitcoin off an exchange How scammers actually steal Bitcoin, and the simple habits that stop them Whether quantum computing is a real threat to your Bitcoin, and how River is preparing Why Alex has no plans to take River public, even as competitors go the other way What Alex tells people when everyone around them has turned bearish Follow Alex Leishman on X: https://x.com/Leishman  and sign up for River at https://www.river.com/natalie  ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners & Sponsors: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Kalshi is the largest prediction market in the world. Use code HODL and get $25 when you trade $25: http://kalshi.com/r/HODL   Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.  

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Bitcoin jumps to nearly $70K after a surprise move by the U.S. Treasury Trump hosts crypto CEOs at the White House as a make-or-break vote looms Japan's biggest Bitcoin company is coming to America Tether finally got audited after a decade of doubters. Here's what they found Hackers leaked the names and home addresses of thousands of Bitcoin holders Bitcoin volatility has almost never been this quiet. Fidelity says that won't last. ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Order my approachable introduction to Bitcoin book "Bitcoin is for Everyone: https://www.amazon.com/dp/1804091138?linkCode=ssc&tag=onamzameri07b-20&creativeASIN=1804091138&asc_item-id=amzn1.ideas.3Q6CKLCXBKGSV&ref_=aip_sf_list_spv_ons_mixed_d_asin  Limited signed copies are available for purchase at shop.talkingbitcoin.com powered by Speed Wallet.  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com ---- Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

Michael Saylor and Phong Le sat down with Natalie Brunell to take questions directly from Strategy investors — including some pointed concerns about MSTR's sharp drawdown, dilution and whether common shareholders are still the company's top priority. One investor said he put $73,000 into MSTR for each of his three children, only to see each investment fall to roughly $20,000. He asked Saylor and Le directly: have common shareholders become Strategy's lowest priority? In this episode: Michael and Phong address dilution fears around $MSTR common stock  Are $MSTR buybacks are on the table, and under what conditions? What they say they learned from the $STRC drawdown Whether the $1 million and $10 million per Bitcoin scenarios still hold Why Strategy wants to become the "J.P. Morgan of digital assets" and what that really means ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Kalshi is the largest prediction market in the world. Get $25 when you trade $25. http://kalshi.com/r/HODL ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

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The Federal Government moves to strengthen Australia's fuel reserves against future disruptions; Brazil's presidential election campaign begins with Lula seeking another term; and in sport, Auckland confirmed as host of the first men's State of Origin match in New Zealand next year.

Oil reserves crackingBonds surgingNATO's two-front nightmareICE shock gloves that leave no scarsA stalled parasite outbreakAnd did Trump vandalize the dead grass?See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Last time we spoke about the beginning of the Pacific War. In late 1941, the Second Battle of Changsha ended with Chinese forces claiming victory despite suffering nearly 100,000 casualties against roughly 1,670 Japanese losses. Chiang Kai-shek's government launched an aggressive propaganda campaign, flooding international press with fabricated triumph narratives to sustain national morale. Behind closed doors, Chiang was furious at his generals' tactical failures, executing commanders and dismantling units. Meanwhile, geopolitical forces threatened China's survival. Japan's 1939 defeat at Nomonhan crushed hopes for a Soviet alliance against Tokyo. Germany's pact with the Soviet Union left China isolated, while Western powers remained reluctant to commit meaningful support. Britain offered little; the US provided only modest loans. By 1941, facing potential collapse, Chiang desperately searched for allies while Wang Jingwei's Japanese-backed rival government beckoned as an alternative. China's exhausted people endured horror—including a 1941 bombing massacre in Chongqing that killed over 400 trapped civilians. Then Japan unleashed a surprise attack on Pearl Harbor.   #215 An Implosion in the East Welcome to the Fall and Rise of China Podcast, I am your dutiful host Craig Watson. But, before we start I want to also remind you this podcast is only made possible through the efforts of Kings and Generals over at Youtube. Perhaps you want to learn more about the history of Asia? Kings and Generals have an assortment of episodes on history of asia and much more  so go give them a look over on Youtube. So please subscribe to Kings and Generals over at Youtube and to continue helping us produce this content please check out www.patreon.com/kingsandgenerals. If you are still hungry for some more history related content, over on my channel, the Pacific War Channel where I cover the history of China and Japan from the 19th century until the end of the Pacific War.   In the early morning of December 7, 1941, the US Pacific Fleet was anchored at Pearl Harbor in Hawaii. Two waves of Japanese bomber aircraft, launched from six aircraft carriers, attacked the vessels and their sleeping crews, destroying the battleship Arizona outright and damaging seventeen others, as well as most of the military aircraft parked nearby. Some 2,400 Americans died, and another 1,100 were wounded. Within a day Japanese invasion forces had attacked Siam, Malaya, and the Philippines. Chiang Kai-shek heard the news at one o'clock in the morning and immediately dictated a letter of support to President Roosevelt, pledging commitment to a new "common battle." The news reached Zhou Fohai in Shanghai as well. On December 8 across the international date line from Hawaii he had heard the sounds of firing as the Japanese took over the rest of the city, and then received reports that Japan had declared war on the Western powers. "I heard they'd bombed Honolulu, Manila, Singapore, and Hong Kong. From now on, the Pacific becomes a killing ground."   When Japanese carrier planes descended on Pearl Harbor on December 7, 1941, they were executing far more than a tactical strike. They were unleashing the culmination of a strategic vision that had shaped Japanese military planning since the 1920s: the Nanshin-ron, or "Southern Advance" doctrine.    The Nanshin-ron represented a critical strategic choice that emerged from internal Japanese debates during the 1920s and 1930s. Japan faced an inescapable vulnerability: it was an island nation with virtually no natural resources of its own. The nation's population had doubled since the Meiji Restoration, growing to over 70 million by 1941. An industrial economy of tremendous sophistication, capable of producing world-class warships, aircraft, and military equipment, depended entirely on imported raw materials. Oil, rubber, tin, iron ore, bauxite, copper, and manganese all had to be acquired through foreign trade or conquest. This resource dependency was not a luxury problem; it was an existential one. A nation that could not feed itself or fuel its economy was a nation vulnerable to strangulation by enemies who controlled the resources it needed. Japanese strategic thinkers divided into two camps on how to resolve this vulnerability. The Hokushin-ron advocates, primarily within the Army, pushed for expansion northward into Siberia and Mongolia, seeking to conquer Soviet territory and resources. The Soviet Union possessed vast tracts of land, mineral wealth, timber, and agricultural output. From a purely materialist perspective, the Northern Advance made geographic sense—it was contiguous with Manchuria, which Japan had already secured in 1931. Yet by the late 1930s, the Hokushin-ron strategy had suffered a catastrophic blow. In 1938 and 1939, Japanese and Soviet forces clashed at Khalkhin Gol in Mongolia in what the Japanese called the Nomonhan Incident. The battles revealed a terrifying truth: the Soviet Red Army, under General Georgy Zhukov, was far more formidable than Japanese military planners had anticipated. Soviet armor, air power, and coordinated tactics annihilated Japanese forces. Japan suffered over 60,000 casualties while inflicting perhaps 10,000 on the Soviets. The defeat was concealed from the Japanese public, but it was unmistakable to military planners. A direct clash with Soviet power could end catastrophically. The Northern Advance, it became clear, would almost certainly provoke war with a nation capable of destroying the Japanese Army. This strategic defeat tilted the balance decisively toward the Nanshin-ron. If Japan could not safely expand northward, it must expand southward, toward Southeast Asia, the Dutch East Indies, Indochina, and the western Pacific. The appeal of the Nanshin-ron was immediately apparent to the Navy, which had always been more oriented toward maritime commerce and expansion across the ocean. The territories to the south were not militarily formidable. The colonial powers, Britain, the Netherlands, France, were either already defeated in 1940 or distracted by their own desperate struggles leaving Britain fighting alone against Germany. The United States, though potentially a formidable adversary, was not yet at war, and there was a chance, however slender, that a decisive blow against American naval power might convince America to negotiate rather than fight. But beyond strategic opportunity, the Nanshin-ron offered something that the Hokushin-ron did not: it offered resources of staggering abundance. The Dutch East Indies possessed oil reserves that could dwarf Japan's consumption for years. Malaya produced the world's rubber. Thailand offered agricultural bounty and geographic position. Burma's timber and agricultural products could feed Japan's growing empire. The Philippines possessed harbors, airfields, and economic output. These were not marginal additions to Japan's economy—they were transformative. Together, they would convert Japan from a resource-hungry island nation into the master of an imperial domain encompassing hundreds of millions of people and containing most of the strategic materials necessary for sustained industrial warfare. In the last episode I explained the western sanctions and embargoes that drained Japan's military of the resources they required to continue the China War. By 1941, Japan faced a civilization crisis. Japan imported roughly 90 percent of its petroleum, and the bulk of that came from the Dutch East Indies and the United States. Suddenly, the American supply was cut off entirely. Reserves would last perhaps 18 months if Japan's military and industrial consumption continued at existing rates. After that, the military machine would sputter and die. The industrial economy would collapse. Even civilian life would become impossible to sustain. Japan was facing not merely economic inconvenience but literal strangulation by the Western powers.   Yet it would be a mistake to reduce Japanese motivation to just materialism. Japanese military leaders wrapped their conquests in an ideological framework, one that many of them genuinely believed, or wanted to believe, served a higher historical purpose. The concept of the Daitoa Kyoeiken, the "Greater East Asia Co-Prosperity Sphere," posited a new regional order in which Japan would play the leading role in liberating Asian peoples from Western colonial domination and creating an Asian-centered political and economic system. This ideology drew on genuine anti-colonial sentiment. For a century, Western powers had dominated Asia, treating Asian peoples and nations as subordinate, colonized territories existing to serve Western economic interests. Japan, which had modernized and Westernized enough to avoid colonization, saw itself as the natural leader of an Asian renaissance—a civilizing force that would restore Asian dignity and independence even as it established Japanese hegemony. Of course, this was propagandistic. Japanese conquest represented a substitution of one imperial master for another, and often a harsher and more brutal one at that. But for understanding Japanese decision-making, the ideology mattered profoundly. It provided Japanese leaders with a moral narrative for conquest. It allowed them to understand themselves as liberators rather than mere conquerors. It provided a rationale for extracting resources from occupied territories and for mobilizing subject populations to support the Japanese war effort. And it resonated with anti-Western sentiment throughout Asia, making Japanese occupation seem, in some quarters, preferable to continued Western colonial rule. The slogan Hakko ichiu—"eight corners under one roof", captured this ideological vision: a unified Asia and eventually world under Japanese guidance. Whether Japanese leaders truly believed this vision or cynically deployed it as propaganda, it shaped how they understood their actions and justified them to their subjects. Now I know this is a podcast dedicated to the century of humiliation, ie: China's experience. But I thought it was necessary just to have one episode explain what Dan Carlin titled "a supernova in the east" and I have titled an implosion in the east. I won't go into depth into the campaigns as some of them have a lot of Chinese involvement and we will be covering them in depth, but rather I will explain the rationale for Japan's numerous invasions following the surprise attack on Pearl Harbor.   Japan's assault on Malaya began within hours of the Pearl Harbor attack, indeed, Japanese troops were already landing on the Kota Bharu beachhead on the Malaysian peninsula before dawn on December 8, 1941 local time. Malaya was one of the world's largest rubber producers, and Singapore, at the tip of the peninsula, was the linchpin of British naval power in the Far East.The Japanese interest in Malaya was straightforward but crucial: rubber. The Japanese military consumed vast quantities of rubber for tires, gaskets, hoses, and countless other applications. American and Dutch rubber supplies were now cut off by embargo. Malaya's rubber plantations represented perhaps the world's richest reservoir of this strategic material. Beyond rubber, Malaya and the surrounding region were major tin producers—essential for alloys and manufacturing. For Japan to conduct prolonged warfare, Malaya was not a luxury target; it was a necessity. Singapore represented something different: a symbol of Western power in Asia and a strategic chokepoint. As the major British naval base in the region, Singapore served as the anchor of British imperial authority across the South China Sea. By seizing Singapore, Japan would not only capture crucial resources and port facilities but would also deliver a psychological blow to the entire edifice of Western dominance in Asia. The fortress city that the British considered nearly impregnable fell within seventy days, a stunning demonstration of Japanese military capability and the vulnerability of overextended Western empires. If Malaya was critical for rubber, the Dutch East Indies was essential for oil. The region, comprising present-day Indonesia, was the world's third-largest oil producer and had reserves that could sustain Japanese military operations for years. This was the jewel of the resource-conquest strategy. Japanese planners had long eyed the East Indies, but direct conquest had seemed risky while Britain and America remained neutral or opposed. With both now at war, the window of opportunity had opened. Japan needed the oil so desperately that when the Dutch East Indies Petroleum Company initially agreed to some Japanese oil purchases before the war, Tokyo was already planning its takeover. The conquest of the Dutch East Indies would provide not just oil but also tin, nickel, bauxite, and other materials essential to an industrial war machine. The islands would also provide air and naval bases from which Japan could defend its new empire and potentially threaten Australia. The Japanese invasion of the Dutch East Indies, which began in late December 1941 and accelerated through January and February 1942, was methodical and comprehensive. Various island groups were targeted systematically: Java, Borneo, Celebes, and the Moluccas. Dutch military forces, though brave, were overwhelmed. By March 1942, Japan had secured the entire archipelago,a stunning logistical and military achievement that delivered vast resources into Japanese hands. Thailand presented a fundamentally different case from Japan's other targets. Rather than conquest, Japan pursued alliance with military strongman Plaek Phibunsongkhram, who had seized power in a 1938 coup as a nationalist ideologue determined to reassert Thai sovereignty and recover territory lost to French colonialism in the nineteenth century. Thailand was the last independent state in mainland Southeast Asia, hemmed in by British-controlled Burma and Malaya to the west, and French Indochina to the east. For a century, Thailand had survived by playing European imperial powers against each other. But by the late 1930s, this strategy was becoming obsolete. Europe was distracted by Hitler's Germany. Colonial powers were weakening. Japanese power was visibly ascending. Phibunsongkhram recognized both danger and opportunity. He could resist Japan and invite invasion, or he could ally with Japan and profit from rising Asian power. Japanese diplomats approached Thailand with sophistication: they offered military alliance and support for Thai territorial expansion at French expense. This addressed Thailand's deepest national wound, the humiliation of nineteenth-century territorial losses to France. The Franco-Thai War of 1940-1941 became transformative. With Japan providing military support, advisors, tanks, aircraft, Thai forces defeated the French for the first time in history. By May 1941, Thailand had recovered 54,000 square kilometers of Cambodian territory and portions of Laos. For Phibunsongkhram, this was extraordinary: he had achieved what Thai leaders could not in a century, reclaiming territory from a Western imperial power. Domestically, his position was dramatically strengthened. The parallel to China's century of humiliation—the foundation of your podcast is striking: Thailand too was reversing colonial diminishment through association with rising Asian power. The Thai-Japanese relationship was unique. Unlike the Philippines, Malaya, or the Dutch East Indies, Thailand would retain nominal independence. Phibunsongkhram remained in power. Japanese occupation was light. Thai forces maintained their own command structure. Most importantly, Thailand's territorial gains from the Franco-Thai War were recognized and secured. Japan valued Thai cooperation more than conquest. Burma, controlled by the British, was the next target in Japan's southwestward advance. Japanese planners had multiple motivations for invading Burma. First, it was strategically positioned on India's eastern frontier, and Japan harbored ambitions of eventually striking toward India and linking up with Germany in the Middle East or at least destabilizing the British position in South Asia. Second, Burma was a significant producer of timber and agricultural products. Third, and perhaps most importantly, the invasion of Burma was meant to cut the Burma Road, the crucial supply line that allowed American aid to reach Nationalist China. The invasion of Burma began in late 1941 and accelerated through early 1942.  The invasion of the Philippines, which began on December 10, 1941, just days after Pearl Harbor, served multiple strategic purposes. Like the assault on Pearl Harbor itself, it was meant to neutralize American military power in the region, in this case, the American garrison under General Douglas MacArthur and the American colonial administration. But the Philippines were also valuable in their own right. The islands sat directly in the path of what Japan envisioned as its defensive perimeter. By controlling the Philippines, Japan would make it extraordinarily difficult for American forces to project power westward into Southeast Asia. The territory would provide naval and air bases critical to defending Japan's new empire. Additionally, the Philippines possessed some agricultural and industrial resources valuable to the war effort, and their conquest delivered a psychological victory, defeating American forces and ending American colonial rule in Asia, which appealed to anti-Western sentiment that Japan tried to cultivate. Beyond Southeast Asia and the Philippines, Japan rapidly invaded Guam and Wake island to extend Japan's defensive perimeter further into the Pacific and eliminate American air and naval bases that could threaten Japanese operations. Guam, seized on December 10, 1941, fell within two days, the American garrison was small and the island's strategic value lay primarily in denying the United States a forward staging ground for any counteroffensive. Wake Island, attacked the same day and finally captured on December 23 after a brief but heroic American defense, served similar purposes: cutting off American reconnaissance and interdicting potential supply lines to the Philippines.  Now I believe that's enough of the implosion in the east, let's get back to the situation in China. After Chiang Kai-shek sent his letter of support to President Franklin D. Roosevelt, pledging Chinese commitment to what he termed a new "common battle." he did something most revealing about his mood towards the global war. He played "Ave Maria" on his gramophone, celebrating with an almost spiritual gratitude the implications of what had just transpired in the American Pacific. This moment crystallized the profound difference Pearl Harbor would mean to different members of the emerging Allied coalition. For the United States, the attack was pure shock, a violation of the sanctity of American soil and the complacency of American isolationism. For Britain, it was like the pricking of a large, painful blister—painful but perhaps not entirely unexpected given Japan's regional ambitions. But for China, the relief that surged through the government and the consciousness of the Chinese people surpassed even Britain's response. For four long years, China had fought Japan almost alone, watching as Western nations remained neutral or limited their commitment to rhetorical support and modest material assistance. Now, suddenly, the trajectory of the entire conflict had shifted with breathtaking speed. Chiang's emotional state at this moment could scarcely be contained, and those close to him understood that beneath his carefully maintained Confucian composure burned an intoxicating sensation of vindication. These Western powers who had been so impatient with Chinese strategy, who had mocked the retreats of the Nationalist Army and spoken scornfully of Japanese capabilities, were now themselves in headlong retreat from those very islanders. In Hong Kong, Singapore, and Manila, British and American forces would be fighting desperately for their lives against the Japanese military that China had been contending with for years. Chiang could not have failed to perceive the irony: the Japanese had conquered vast stretches of China through relentless campaigns, yet Westerners had dismissed Chinese resistance as inadequate. Now the Japanese were proving that they posed a formidable challenge to Western military power as well. There was a bitter satisfaction in this vindication, even as Chiang understood that the strategic implications of American entry far outweighed any emotional satisfaction. What was pragmatic and strategically clear to Chiang, however, was far more important than any emotional satisfaction. The United States was now at war, and it was on China's side. This represented the transformation for which Chiang had labored for years, bringing the full weight of American industrial capacity and military might to bear against the Japanese enemy. The diplomatic foundations for this alliance had already been laid in the months preceding Pearl Harbor. Beginning in the spring of 1941, the United States had begun to commit significant resources to supporting China. In April 1941, following the conclusion of the Soviet-Japanese neutrality agreement, which had devastated Chinese morale by suggesting that Japan might attack the Soviet Union rather than move southward, the Roosevelt administration had determined to provide $45 million worth of militarily useful commodities to China as an immediate gesture of support. Then, on May 6, 1941, President Roosevelt had made a more formal commitment by announcing that the munitions provisions of the Lend-Lease Act applied to China, declaring a phrase that captured the strategic logic of American assistance: "defending China is the key to defending America." This declaration represented a significant shift in American policy, elevating China from a regional concern to a central element of American grand strategy in Asia. Subsequently, in July 1941, Roosevelt had sent Owen Lattimore to China to serve as political adviser to the Chinese government, a position that signaled deepening American engagement with Chinese affairs. In August, the administration appointed John Magruder as military attaché and head of the American Military Mission to China (AMMISCA), with the primary responsibility of overseeing the delivery of Lend-Lease material to the Chinese armed forces. On the diplomatic front, Chiang moved with remarkable alacrity. He had already severed relations with Germany on July 2, 1941, the very day after Hitler had formally recognized the Wang Jingwei puppet government in an attempt to appease Japan and encourage it to finally implement the Southern Advance. Now, on December 8, 1941, just one day after the Pearl Harbor attack, Chiang took the decisive step of formally declaring war against the Axis powers, Germany, Italy, and Japan. This declaration transformed China's position from a beleaguered nation fighting a war of survival into a formal member of the Allied coalition. Chiang had seized the opportunity that Pearl Harbor presented to ally China with a genuinely strong power against Japan, a gambit that fundamentally altered the diplomatic weight and international legitimacy of both the Chinese government and the Chinese cause. From a strategic perspective, the Japanese had committed what Chiang and others immediately recognized as a catastrophic blunder. On the operational level, Pearl Harbor was indeed a devastating tactical success, the American Pacific Fleet was crippled, and Japanese forces now enjoyed temporary naval superiority throughout much of the Pacific and Southeast Asia. Yet strategically, Pearl Harbor represented a failure of epic proportions, a miscalculation rooted in a fundamental misunderstanding of the intangibles of warfare: what motivated the Chinese people and what motivated the Americans. The Chinese had understood, through four years of brutal conflict, that warfare was about more than territorial conquest and resource acquisition. It was about will, about endurance, about the capacity to absorb punishment and continue fighting. The Japanese had learned this lesson imperfectly in China, where despite overwhelming military advantages they had been unable to force a decisive conclusion or compel Chinese surrender. The Americans would teach the Japanese this lesson even more emphatically. The attack on American sailors in Hawaii instantly galvanized the American population to prosecute an unlimited war, with Tokyo itself as the ultimate destination of American counterattack. While Americans would remember the "date that will live in infamy" primarily because of the assault on Pearl Harbor itself, the strategic consequence was that Japanese actions in Hawaii had introduced numerous new adversaries into the Pacific conflict: not only the United States, but also Britain, Australia, New Zealand, and the Netherlands. These additions transformed what had been, from the Japanese perspective, a regional conflict with manageable parameters into a global war that Japan could not possibly win through any conceivable means. What made this particularly disastrous for Japan was the context in which the new theater had been opened. Japan was already deeply mired in a quagmire in China—a "malignant quagmire," as one observer would later characterize it, that had consumed vast resources, inflicted enormous casualties, and failed to produce decisive victory. In military strategy, it is sometimes wise to open a new theater in order to attack an enemy from an additional and unexpected direction, thereby dispersing their forces and creating new challenges for them to manage. But opening a new theater that introduces an entirely new, powerful adversary, and doing so when one is already overextended in an existing theater is a prescription for strategic catastrophe. This was precisely what Japan had done at Pearl Harbor. Chiang Kai-shek understood the magnitude of Japan's miscalculation with crystalline clarity. He understood that whatever the military complexities that lay ahead, whatever the challenges of coordinating with Western allies, and whatever the limitations of Western military assistance to China might be, the fundamental equation had changed. The United States would ultimately defeat Japan. The Chinese did not need to defeat Japan by themselves; they merely needed to survive long enough for American industrial and military capacity to grind the Japanese military into defeat. In the immediate aftermath of Pearl Harbor, Chinese and American officials moved swiftly to formalize the alliance and establish the mechanisms of wartime cooperation. Roosevelt asked Chiang Kai-shek to serve as commander in chief of the Allied forces in the China theater, a designation that recognized China's central role in the Pacific War and elevated Chiang's international standing to something he had long sought: a position as an equal partner in the Allied coalition, a seat at the "top table of global decision-making" alongside Roosevelt, Churchill, and Stalin. To support this expanded role and to ensure effective coordination of the military effort, Roosevelt dispatched Lieutenant General Joseph W. Stilwell to China. Stilwell was not chosen randomly; he brought fifteen years of experience in China, a deep familiarity with the country, its military, and its complexities that few American officers possessed. Stilwell was appointed to serve simultaneously as the U.S. government's military representative in China, as chief of staff of the China Theater, and as commander in chief of the American forces in the China-Burma-India (CBI) theater. This appointment established the framework for joint Chinese-American military cooperation and represented an American commitment to the Asian theater that, while never receiving the resources devoted to the European theater, nonetheless signified recognition of China's strategic importance. Trust me, going forward we will be having a lot of time dedicated to the hilarious bromance / bro hatred of Vinegar Joe and Peanut.  Yet the formation of an alliance and the establishment of command structures was easier than the practical implementation of military cooperation. The fundamental challenge that would plague Chinese-American relations throughout the war emerged almost immediately: the problem of delivering military assistance to China. Before Pearl Harbor, the United States and China had reached agreement on three major points regarding military assistance. First, the United States would provide training and technical support to assist China in establishing a modern air force. Second, the United States would provide training and equipment for a ground army consisting of thirty divisions. Third, the United States would assist China in constructing railways and highways from Yunnan to Burma, along with the provision of rolling stock and vehicles to support these new transportation routes. These were ambitious plans, reflecting the extent of Chinese need and American willingness to support the Chinese war effort. However, the outbreak of the Pacific War threw American plans into disarray. The fundamental strategic doctrine guiding American policy was the "Europe first" strategy, which meant that the European theater and the defeat of Nazi Germany received priority over the Pacific theater. Additionally, China's geography made it extraordinarily difficult to supply. China could only be reached through supply lines of extraordinary length and complexity, either through the port of Rangoon in Burma and then overland via the treacherous Yunnan-Burma Road, or through the port of Hong Kong, which immediately fell into Japanese hands after Pearl Harbor. The first Sino-American loan agreement had specified that the United States would deliver commodities worth $45 million to China in 1941. However, shipping shortages meant that only $26 million worth of commodities actually left the United States. These commodities were shipped to the transit port of Rangoon, where a massive traffic jam developed as supplies accumulated faster than they could be distributed onward to China. Along the Yunnan-Burma Road, that "much-contested life line" as it came to be known, conditions were chaotic. The road had always been a source of trouble: it was long, extraordinarily difficult to keep in repair, fantastically dangerous to travel, and too narrow to permit much volume of traffic at any one time. Due to mismanagement and pilfering, the commodities that were shipped out of Burma suffered heavy losses in transit, and only one-third of them eventually arrived in Chongqing. Yet the United States had already established one valuable asset in China that could be deployed relatively quickly: an air force nucleus. Just before Pearl Harbor, a group of American aviators had been formally organized in Chongqing who worked on volunteer status for China under the command of Colonel Claire Chennault, an American aviation officer who served as instructor at the Chinese Air Force Cadet School. Some of these men had been flying in China since the Kuomintang first began purchasing American aircraft, having come to demonstrate the aircraft and remaining to pilot and teach. Others had hurried to China after being released from their volunteer service in Spain, where they had gained combat experience during the Spanish Civil War. It was a familiar joke that pilots from both sides of the Spanish conflict were likely to meet and work side by side in China, but political convictions proved immaterial to these professional aviators, they got on well enough with each other, mercenaries of the twentieth century united by their expertise and their willingness to fight. When American traffic on the Burma Road swelled in volume and became chaotic, with cargo lost to pilfering and trucks breaking down from mishandling, the air freight service into Chongqing became increasingly vital to maintaining Chinese military capabilities. The backbone of this organization was American, and it had been in operation for months before the Japanese attack. Halfway down the Burma Road, over the border in Burma, was a plane factory backed by American and Chinese capital, providing some degree of repair and maintenance capacity for the aircraft operating out of China. Recognizing the strategic value of these experienced aviators and the need to formalize and expand their operations, American and Chinese officials moved quickly to incorporate this volunteer group, formally known as the American Volunteer Group or "Flying Tigers," into the U.S. Army Air Force. This transformation of volunteer aviators into official American military personnel represented a commitment to providing air support to Chinese operations, recognizing that air power could compensate to some degree for Chinese numerical disadvantages in ground combat. In Chongqing, it was clear that among the United Nations fighting Japan, America was the only one taking China seriously, the only one prepared to invest significant resources in Chinese military capabilities and the Chinese war effort. Yet Pearl Harbor brought consequences that extended far beyond the strategic and diplomatic spheres. For Western civilians living in China,missionaries, teachers, doctors, businessmen, and journalists, the attack represented a catastrophic change in their status and their fate. Until December 8, 1941, Westerners residing in China had maintained a curious protected status as foreign neutrals, even in areas nominally controlled by the Japanese. This status had provided them with a measure of distance from, and protection against, the grinding reality of the war that had devastated Chinese populations. For a century, Americans had been part of an imperial presence in China, sometimes benevolent, sometimes violent, but always ultimately under Western control. That world came to an abrupt end on December 8, 1941. All across eastern China, Americans and Britons were rounded up and interned. The International Settlement of Shanghai—that remarkable oasis of neutrality that had persisted in the midst of a war-torn city—was now reunified under Japanese control. Thousands of foreigners with Allied nationality were sent to holding camps scattered throughout occupied China. Some, like the eleven-year-old British boy Jim Ballard, would remain imprisoned for the remainder of the war, enduring hunger, cold, and disease in camps like Longhua, which housed approximately 2,000 detainees. Forty years later, as the novelist J. G. Ballard, he would memorialized this experience in his semi-autobiographical novel Empire of the Sun. For missionaries like Velva Brown, the evacuation process was degrading and final. The missionary staff were permitted to pack no more than three suitcases with their belongings. As they prepared to leave, Japanese and Taiwanese "sightseeing" parties arrived to decide which houses they might want to occupy. The journey home aboard crowded Japanese ships offered no concessions to status or dignity; ambassadors, consuls, merchants, and missionaries alike were given "bed-sized strips of Chinese matting which we spread side by side on the iron floor of the hold," as Brown recorded. The humiliation was compounded by the finality of it all. For many, their decades-long presence in China was ending not in orderly retreat but in hasty evacuation, leaving behind "servants, many of whom had been with us for fifteen or twenty years." Despite these immediate human tragedies, the strategic transformation that Pearl Harbor wrought for China was undeniable. Chiang Kai-shek now embarked on an entirely new sort of life, heavily involved with the leaders and generals of the Western powers. He held diplomatic discussions with the leaders of the United Nations and military planning sessions with Western generals. In these unfamiliar circumstances, he did his best to live up to the Confucian ideal of the gentleman, seldom permitting the mask to slip—though the pressure of these new responsibilities and the intoxicating combination of vindication and anxiety would occasionally prove too much even for his considerable self-control. Within weeks of Pearl Harbor, Chiang demonstrated the value he could bring to the new alliance. He visited India and spoke with the leaders of the Indian independence struggle as an ally and friend, as a fellow non-European speaking to others seeking to escape from colonialism and imperial domination. He joined the Allies in their first joint campaign, not in China but in the jungles of neighboring Burma, committing Chinese forces to operations outside China's borders in support of the broader Allied military strategy. Yet the price that Chiang would pay for China's belated entry into the global alliance against the Axis powers would prove to be a heavy one. Chiang desperately needed his new American and British partners, but accepting this alliance would unleash forces within Chinese society that would threaten the very basis of his political control. The complexities of this bargain would become most visible in the four-year struggle between Chiang and General Joseph Warren Stilwell, the American officer who would become simultaneously his chief of staff and the administrator of American military assistance to China. This relationship, shaped by mutual suspicion, different strategic visions, and incompatible political agendas, would define Chinese-American military cooperation during the Pacific War and would have profound implications extending far beyond the battlefields of Asia. I would like to take this time to remind you all that this podcast is only made possible through the efforts of Kings and Generals over at Youtube. Please go subscribe to Kings and Generals over at Youtube and to continue helping us produce this content please check out www.patreon.com/kingsandgenerals. If you are still hungry after that, give my personal channel a look over at The Pacific War Channel at Youtube, it would mean a lot to me. Pearl Harbor's shock reverberated through Asia. Japan's assault on Hawaii, combined with invasions of Burma, the Philippines, Guam, and Wake Island, inadvertently transformed regional conflict into global war. Chiang Kai-shek, vindicated after four years of isolation fighting Japan, embraced American alliance with profound relief. The U.S. committed military aid, appointed General Stilwell as chief of staff, and recognized China as a co-belligerent. For Chiang, this partnership brought diplomatic status but also internal tensions that would define the Pacific War's final chapter.

Episode Description That magazine you grab on your way into the commissary? It's been there for nearly 70 years — and there's a four-generation family story behind it. In this episode, Spencer sits down with Joe Mugnai, whose grandfather launched Family Magazine in 1958 to help military families stretch every dollar. Today it distributes 400,000 copies a month across commissaries worldwide. But Joe isn't just carrying the torch — he's building the next chapter: The Garrison Ledger, a free suite of always-accurate military benefit tools designed to cut through confusing government archives and give service members straight answers they can actually trust. Questions Asked Where did Family Magazine start in 1958, and how are you connected to it? Why turn a coupon flyer into a full editorial magazine? When your dad (Joe III) joined, was it his first job or was he reluctant to take over the family business? How did you come to join the company in 2011? How many copies of Family Magazine are distributed each month today? What can readers do if they can't find the magazine at their commissary? What is Family Media doing to pivot toward the digital age and reach military families online? What's an example of a question someone might bring to The Garrison Ledger, and how does it work behind the scenes? How is your approach different from using ChatGPT or Gemini for benefit questions? How does someone enter the $500 Family Media quarterly giveaway? Main Topics Covered The origin of Family Magazine in 1958 and the four generations of Joe Mugnai behind it Why the founder added editorial content (PCS, travel, pets, beauty) instead of a plain coupon book The magazine's scale today: 400,000 copies monthly, ~30,000 overseas, reaching commissaries worldwide The enduring value of the commissary benefit — especially overseas in places like Japan and Germany How coupons (BOGOs, manufacturer deals from Eggland's, Unilever/Dove) stack on top of commissary savings The challenge of constantly changing military numbers: BAH, base pay, TSP limits, Roth IRA limits, the JTR Why AI chatbots give confidently wrong answers — outdated training data and hallucination The Garrison Ledger: free military tools built to pull only from current, official government sources The TSP modeler and how a "single source of truth" prevents hallucinated answers Real-world accuracy in action, like temporary location-specific BAH adjustments The $500 Family Media quarterly giveaway — five $100 winners, and how to enter via the newsletter Links Mentioned familymedia.com garrisonledger.com Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

Can you really retire off Bitcoin — even if the price drops 50%? Mark Moss returns to Coin Stories to explain why he believes you can, what most people misunderstand about volatility, and why becoming a forced seller can be more dangerous than a falling market. He also opens up about what happened inside Satsuma, the Bitcoin treasury company that ultimately unraveled. In this episode: How to retire off Bitcoin without selling it What really happened inside Satsuma Whether the Coldcard exploit changes self-custody Why Mark doesn't expect another 2008-style crash soon What could finally bring money back into Bitcoin Follow Mark at https://x.com/1MarkMoss  ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

As Donald Trump's Iran war drags on and hostilities continue in the Strait of Hormuz and Red Sea, global energy markets are being reshaped - not by OPEC or the US, but by China. On today's episode of Iran: the Latest, Venetia Rainey talks to world economy editor Ambrose Evans-Pritchard about how Beijing has weaponised its internal oil demand to keep oil prices stable and bypass Saudi Arabia, even as US Strategic Petroleum Reserves have plunged to their lowest level since 1983. Why have oil prices remained largely stable and are those figures masking underlying economic turmoil?Plus: how the blockade of the Strait of Hormuz is pushing Iraq to the brink of total economic collapse and the worrying news of a recent Pew Survey measuring attitudes towards the US vs China. HighlightsIran war drains US strategic petroleum reserves to 40-year lowHow Beijing has kept oil prices stable and bypassed Saudi ArabiaCONTRIBUTORS:Venetia Rainey, co-host and executive producer @venetiaraineyAmbrose Evans-Pritchard, world economy editor WATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT REFERENCED:Ambrose Evans-Pritchard: Trump's eternal March of Folly on Iranhttps://www.telegraph.co.uk/business/2026/07/31/trumps-eternal-march-of-folly-on-iran/Trump targets Iran's economy as military campaign faltershttps://www.telegraph.co.uk/us/politics/2026/08/12/trump-scott-bessent-end-iran-war/Iran war threatens to cripple growth, Treasury warns Burnhamhttps://www.telegraph.co.uk/business/2026/08/12/iran-war-threatens-to-cripple-growth-treasury-warns-burnham/Winner Best News and Analysis Podcast - Publisher Podcast Awards 2026Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Nominated Best News, Politics and Current Affairs - British Podcast Awards 2026The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026Producer: Peter ShevlinVideo Producer: Max BowerResearcher and Social Producer: Anna HindmarshStudio Operator: Andy WatsonExecutive Producer: Venetia Rainey ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor► EMAIL US: Contact the team on battlelines@telegraph.co.uk► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast. See acast.com/privacy for more information.

Tom Kloza, Chief Energy Advisor for Gulf Oil says we will continue high gas prices, but his main concern is Diesel

More than 1,700 bitcoins have been drained from Coldcard wallets belonging to people who did everything right when it comes to self-custody. Alex Thorn, Head of Firmwide Research at Galaxy Digital, has been tracing those coins on-chain since the second day of the attack, working directly with victims. He joins me with the fullest accounting of the hack that exists anywhere: how much was actually taken, where that Bitcoin is sitting right now, and what the people who took it have and haven't done with it since. In this episode: Where the stolen Bitcoin is sitting right now and how many waves of attacks there have been What Alex expects the hackers who took it to do next How could this seed generation flaw stay hidden for five years? The volunteer "Red Team" effort that formed overnight, and what it's turned up so far The one thing every victim should do today, whether or not they ever see their coins again His read on the failed BIP 110 fork, and what he'd say to the people who backed it Follow Alex Thorn on X https://x.com/intangiblecoins - his DMs are open to help victims  ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider: One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link. : www.joincrowdhealth.com/natalie  ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Nothing discussed in this episode is a recommendation to buy, sell, or hold Bitcoin or any other asset. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

In this week's episode of the Coin Stories News Block powered exclusively by Ledn, we cover these major headlines related to Bitcoin, macroeconomics, and global finance: Bitcoin's Red Team audits 390 projects in record time, and what they found will surprise you Rob Hamilton says OpenAI blocked the Red Team's defensive work, so where is he turning instead? BIP-110's activation deadline arrived. Here's how it played out. The CLARITY Act missed its August window. What happens now? Putin signs Russia's first crypto law, and it reveals who the law is really for Why Bessent's yen rescue was never really about Japan ---- Borrow against your Bitcoin without selling it. Ledn offers Bitcoin-backed loans built for serious holders, with rates that get lower as your loan size increases. With Ledn's custodied loan product, your Bitcoin is held in custody and not lent out. Ledn has operated through multiple market cycles without a loss of client assets and publishes Proof of Reserves so you can verify what they hold. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details. ---- Order my approachable introduction to Bitcoin book "Bitcoin is for Everyone: https://www.amazon.com/dp/1804091138?linkCode=ssc&tag=onamzameri07b-20&creativeASIN=1804091138&asc_item-id=amzn1.ideas.3Q6CKLCXBKGSV&ref_=aip_sf_list_spv_ons_mixed_d_asin  Limited signed copies are available for purchase at shop.talkingbitcoin.com powered by Speed Wallet.  ---- Read every story in the News Block with visuals and charts! Join our mailing list and subscribe to our free Bitcoin newsletter: https://thenewsblock.substack.com ---- Disclaimer: The News Block and Coin Stories are for educational and entertainment purposes only and do not constitute financial, investment, legal, or tax advice. Nothing discussed in this episode is a recommendation to buy, sell, or hold Bitcoin or any other asset. Natalie Brunell is not a financial advisor. Some content may include sponsorships or paid partnerships, which are disclosed. Always do your own research and consult a licensed professional before making financial decisions. Bitcoin and digital assets are volatile — never invest more than you can afford to lose.

BIP 110 has divided the Bitcoin community more than anything I've covered in years, and a lot of the argument has played out as people shouting past each other online. Matt Kratter of Bitcoin University, one of the proposal's most vocal supporters, joins me to break down Bitcoin's civil war. Matt makes his case, I push back where I have questions, and we talk about why this debate has gotten as heated as it has.  In this episode: What BIP 110 would actually do, and why supporters say it would stop spam on the Bitcoin network What a chain split would look like, and Matt's honest answer on whether he expects one The arguments against BIP 110, including whether the data simply moves elsewhere Why the debate turned so personal, and what Matt says to people it's driven away ---- Order Natalie's new book "Bitcoin is For Everyone," a simple introduction to Bitcoin and what's broken in our current financial system: https://amzn.to/3WzFzfU  ---- This episode is brought to you by our title sponsor, Ledn. Ledn has operated through multiple market cycles without a loss of client assets, and publishes Proof of Reserves so you can verify what they hold. Ledn is the home of Bitcoin-backed loans for serious holders. Rates scale with loan size — the larger the loan, the lower the rate — and with their custodied loan product, your Bitcoin is held in custody and not lent out. Get 0.25% off your first loan at ledn.io/natalie. Terms apply — see the site for details: https://www.Ledn.io/natalie ---- Bitdeer Technologies Group (NASDAQ: BTDR) powers AI and Bitcoin mining infrastructure with 3 GW of secured global energy — and owns the entire stack, from equipment manufacturing to data centers to proprietary orchestration software. Learn more at https://www.bitdeer.com. ---- Abundant Mines is a fully-managed Bitcoin mining in the U.S. You own the miners. You keep 100% of the Bitcoin. Voted #1 mining company by peers. Get 1 month of free hosting: AbundantMines.com/Natalie ---- Natalie's Bitcoin Product Partners: Speed is my go-to Bitcoin Lightning wallet! Send, receive, or swap stablecoins and digital gold into Bitcoin in one app. Run a business? Speed powers Bitcoin payments for Steak 'n Shake, and it can do the same for you. Download at https://speed.app/natalie  and use code COINSTORIES10 for 5,000 free sats after your first transaction. Download Bitkey Today and use my promo code STORIES to get 10% off the new Bitkey. This episode has been sponsored by Bitkey: https://bitkey.world/STORIES Master Bitcoin self-custody and gain peace of mind with 1-on-1 training: https://www.thebitcoinway.com/natalie?utm_source=partner-natalie&utm_medium=podcast With BitcoinIRA, you can invest in bitcoin 24/7 inside a tax-advantaged IRA. Choose a Traditional IRA to defer taxes, or a Roth IRA for tax-free withdrawals later. Take control of your future with BitcoinIRA: https://www.bitcoinira.com/natalie  Natalie's Upcoming Events: The best time to plan for Bitcoin 2027 is right now. Early bird tickets are live — grab the lowest pricing available and use code HODL for 10% off: https://tickets.b.tc/event/bitcoin-2027?promoCodeTask=apply&promoCodeInput=HODL  Extra Services to Consider:   One of the best decisions I made for both my heath and my bank account was joining CrowdHealth years ago. I never spend more than $200 on health coverage through my CrowdHealth plan and all my health events have been crowd-funded. Get started with a discounted plan at my link: www.joincrowdhealth.com/natalie  ---- This podcast is for educational purposes and should not be construed as official investment advice. Ads in this episode are baked-in and may reference promotions or offers that are no longer available at the time of listening.

Football never stops. Only nine days after the World Cup final, the news was leaked that FIFA were looking to sell a stake in the tournament, sparking a furious backlash across the globe.UEFA responded by threatening to boycott FIFA competitions, with CONCACAF and AFC subsequently releasing statements condemning the proposal, which would have seen all 211 member associations receive $40 million each. It's easier to understand why the big guns resisted, but the money could have transformed the smaller nations, so why have so many of them declined the offer? And which tiny island's FA condemned the plan despite being run by...FIFA-appointed officials?Plus, Montenegro's four clubs are all eliminated from UEFA club competition qualifying with a perfectly awful record of 10 games and 10 defeats. We examine why they fared so badly. Plus a Colombian giant is knocked out of the cup...by their own reserves!Join us on Patreon at patreon.com/sweeperpod for a bonus episode this Thursday all about the death and resurrection of former Portuguese champions Boavista.Chapters:00:00 - Intro00:46 – FIFA's collapsing house of cards01:56 – Montserrat08:15 – Guadeloupe11:52 – Nepal14:30 – Comoros21:10 – Montenegro's continental calamity29:36 – Colombia's cold-blood reserves

The Rt Hon Tobias Ellwood was born in New York in 1966 to British parents and holds dual British-American nationality. He was schooled in Bonn and Vienna before Loughborough University. He commissioned into the Royal Green Jackets, reached the rank of captain, and still serves as an Army reservist, now a lieutenant colonel and County Colonel for Dorset.He was Conservative MP for Bournemouth East from 2005 to 2024. In government he served as a Foreign Office minister covering the Middle East and Africa, then as Defence Minister for Veterans, Reserves and Personnel. He chaired the House of Commons Defence Select Committee from 2020 to 2023, which put him at the centre of British thinking on Ukraine, NATO and the Middle East.Two moments shaped the man behind the politician. His brother Jonathan was killed in the 2002 Bali bombing. Then in March 2017, during the Westminster terror attack, Tobias Ellwood knelt over PC Keith Palmer and gave him CPR as the officer lay dying, ignoring the risk that the attacker might have left a second device. He was later appointed to the Privy Council, which gave him the "Right Honourable" prefix. He lost his seat in 2024 and now works as a consultant and commentator on defence and geopolitics.The book: a two-line synopsisTen Steps to Prevent World War Three argues that the rules-based order has come apart, and that the next global conflict will not be fought on one front but across many at once: Russia and Ukraine, Iran and the United States, Israel and Palestine, and a new cold war between America and China forught with information, influence and ideology. Tobias Ellwood then sets out a practical plan to step back from the brink: rebuild hard power, restore soft power, strengthen alliances, and build the off-ramps that let adversaries de-escalate without losing face.It has landed well. William Hague calls it crucial reading on how the global order came apart, and it carries endorsements from Peter Frankopan, John Kerry, Rory Stewart and General Jim Mattis.Website: https://jonathanperks.com/podcasts/ Hosted on Acast. See acast.com/privacy for more information.

De topman van Palantir laat geen enkele kans liggen om een grote mond te trekken. Zo ook nu weer bij de kwartaalcijfers van het bedrijf van Alex Karp. Die cijfers zijn om over naar huis te schrijven. Een omzetgroei van 93 procent, bij de commerciële tak zelfs 149 procent. 'Mensen spugen hun kunstgebit ervan uit', zegt Karp. Hoe ze dat voor elkaar krijgen hoor je deze aflevering. Dan zoeken we ook uit of de zorgen die sommige beleggers tóch hebben terecht zijn. Zij vrezen dat ook Palantir ten prooi kan vallen aan AI-bedrijven die hun businessmodel kapot maken. Karp opent in ieder geval de aanval, want hij zegt dat die bedrijven 'drugs maken' en ervoor willen zorgen dat we massaal 'eraan verslaafd raken'. Verder hebben we het over Spotify. Dat noteert omzetgroei, abonnee-groei, én een recordmarge. Maar toch kan het beleggers niet blij maken. Die zetten hun gedeprimeerde toon van de afgelopen kwartalen gewoon door. Je hoort ook nog over BP, dat Shell na-aapt. En over Donald Trump, die opeens geen vriendjes meer is met oliebedrijven. Te gast: Marc Langeveld, van het Antaurus AI Tech Fund BNR Beurs is een journalistiek onafhankelijke productie, mede mogelijk gemaakt door Saxo. Over de makers: Jelle Maasbach is presentator van BNR Beurs en freelance financieel journalist. Zijn favoriete aandeel om over te praten is Disney, maar daar lijkt hij de enige in te zijn. Sinds de eerste uitzending van BNR Beurs is 'ie er bij. Maxim van Mil is presentator van BNR Beurs en journalist bij BNR, waar hij zich focust op de financiële markten en ontwikkelingen in de tech-wereld. Je krijgt hem het meest enthousiast als hij kan praten over ASML, of oer-Hollandse bedrijven zoals Ahold of ABN Amro. Jorik Simonides is presentator van BNR Beurs, economieredacteur en verslaggever bij BNR. Hij wordt er vooral blij van als het een keer níet over AI gaat. Je hoort hem ook in de BNR-podcast Moerdijk: dorp van de rekening. Milou Brand is presentator van BNR Beurs, freelance podcastmaker en columnist bij het Financieele Dagblad. Jochem Visser is presentator van BNR Beurs, maakt Beursnerd XL en is redacteur bij de podcast Onder Curatoren. Vraag hem naar obscure zaken op financiële markten en hij vertelt je waarom het eigenlijk nóg leuker is dan je al dacht. Over de podcast: Met BNR Beurs ga je altijd voorbereid de nieuwe beursdag in. We praten je in een kleine 25 minuten bij over alle laatste ontwikkelingen op de handelsvloer. We blijven niet alleen bij de AEX of Wall Street, maar vertellen je ook waar nog meer kansen liggen. En we houden het niet bij de cijfers, maar zoeken ook iedere dag voor je naar duiding van scherpe gasten en experts. Of je nu een ervaren belegger bent of net begint met je eerste stappen op de beurs, de podcast biedt waardevolle inzichten voor je beleggingsstrategie. Door de focus op zowel de korte termijn als de lange termijn, helpt BNR Beurs luisteraars om de ruis van de markt te scheiden van de essentie.See omnystudio.com/listener for privacy information.

Interview with Chris Eger, CEO & Managing Director of Resolute Mining.Our previous interview: https://www.cruxinvestor.com/posts/resolute-mining-lsersg-gold-turnaround-reaches-inflection-point-5324Recording date: 30th July 2026Resolute Mining is executing a multi-year transformation from a single-jurisdiction Mali gold producer into a diversified, four-country West African miner, and CEO Chris Eger's message to investors is that the market hasn't yet caught up with the progress made in 2026.The near-term production base remains Syama (Mali) and Mako (Senegal), guided to a combined 250,000-275,000oz in 2026 at an AISC of $2,000-2,200/oz. Syama is completing a sulphide conversion project this year that lifts processing capacity to 4.0Mtpa, while Mako is bridging toward its next production phase via satellite deposits at Tomboronkoto and Bantaco, expected to extend that operation's life to 2033.The growth story sits in Côte d'Ivoire. Doropo, acquired from AngloGold Ashanti in 2025, is now under construction and tracking toward first gold in H2 2028. At a US$4,000/oz gold price, the project's post-tax NPV is US$2,543 million with a 72% IRR and a 1.1-year payback — economics that look, on paper, difficult to ignore. Construction is well underway: 74 hectares cleared, 20km of access roads built, and key long-lead equipment packages awarded. Reserves of 2.5 million ounces sit within a 4.4 million ounce resource base that Eger expects to grow toward 3.5-4 million ounces of reserves over time.A second Côte d'Ivoire asset, the ABC project, saw its inferred resource expanded to over 3.0 million ounces in July 2026, up from 2.2 million ounces, following an aggressive 31,000m drill programme. Management is positioning ABC as Resolute's potential fourth mine, targeting feasibility study completion by the end of 2027.Financially, the company is in a strong position to fund this pipeline without near-term equity dilution: $317 million in net cash, $426 million in available liquidity, and freshly secured local bank facilities of $155 million (with $105 million more expected) to supplement Doropo's construction financing.The key risk factor, and the one Eger addressed most directly, is Mali's evolving fiscal and security environment. Royalty rates have risen materially since 2024, shifting the government-operator cash split from roughly 50/50 toward 60-65% in the government's favour, a trend Eger frames as a broader African pattern rather than Mali-specific resource nationalism. Security incidents in late 2025 and April 2026 disrupted operations temporarily, though Eger describes the situation as improving as of his most recent site visit.Valuation-wise, Resolute trades at the bottom of its West African peer group: 0.4x P/NAV, US$172/oz on reserves and US$63/oz on resources, all below the peer averages and, in several cases, the lowest in the comparable set. Management's thesis is straightforward: as Doropo comes online and the portfolio's geographic concentration in Mali falls from its current ~60% share of value, the valuation discount should narrow. For investors, the catalysts to watch over the next 12-18 months are Doropo construction milestones, ABC's feasibility progression, and any further developments in Mali's fiscal or security environment.Learn more: https://www.cruxinvestor.com/companies/resolute-miningSign up for Crux Investor: https://cruxinvestor.com

Cash reserves do more than protect your business. They change the way you lead. In this episode of The Level Up Podcast, Paul Alex breaks down why a strong emergency fund gives founders the confidence to negotiate better deals, survive unexpected setbacks, and make decisions without operating from fear. When payroll depends on closing one more client, desperation begins controlling the business. You accept bad customers. You agree to weak margins. You make short-term decisions that damage long-term growth. In this episode, you'll learn: • Why operating with limited cash weakens your negotiating power• How financial pressure leads founders to accept toxic deals• Why six months of essential operating expenses creates stability• How strong reserves give you the freedom to invest, innovate, and walk away The truth is simple: You cannot lead like a visionary when every decision is driven by survival. Delay the lifestyle upgrades. Build the corporate treasury. Protect your payroll and essential expenses. When you have enough cash to survive the unexpected, you can stop operating from desperation and start executing from strength. Cash in the bank creates courage in the boardroom. Your Network is your NETWORTH! Make sure to add me on all SOCIAL MEDIA PLATFORMS: Instagram: https://jo.my/paulalex2024Facebook: https://jo.my/fbpaulalex2024YouTube: https://www.youtube.com/channel/UCGhDAD1JyGGzSQUPD9lc9HQLinkedIn: https://jo.my/inpaulalex2024 Looking for a secondary source of income or want to become an entrepreneur? Check out one of my companies below to see if we can help you: www.CashSwipe.com FREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Money in Revolt: From Japan's Yield Curve to the Stablecoin Surge. We are joined by David McAlvany (CEO, The McAlvany Financial Group). Topics discussed include: The Bond Market Revolt. The Global Contagion. The Parallel Dollar. Reliability, Reserves, and Stewardship.

This is a crossover episode with Alf Beckinsale, an Oxford University student who hosts the Seeking Truth From Facts podcast. The main topics are the US-Iran conflict, geopolitics, and US-China AI competition.Chapter Markers:(00:00) - Introduction (02:33) - No Off Ramp in Gulf (04:11) - Missile Stockpile Crisis (06:46) - Oil Shock and Reserves (14:07) - Israel Stays Out (29:34) - China Frontier AI Surge (43:25) - World War and Nukes –Steve Hsu is Professor of Theoretical Physics and of Computational Mathematics, Science, and Engineering at Michigan State University. Previously, he was Senior Vice President for Research and Innovation at MSU and Director of the Institute of Theoretical Science at the University of Oregon. Hsu is a startup founder (SuperFocus.ai, SafeWeb, Genomic Prediction, Othram) and advisor to venture capital and other investment firms. He was educated at Caltech and Berkeley, was a Harvard Junior Fellow, and has held faculty positions at Yale, the University of Oregon, and MSU. Please send any questions or suggestions to manifold1podcast@gmail.com or Steve on X @hsu_steve. Announcing this for some friends at Mechanize - a startup that builds environments for training and evaluating frontier LLMs. Its customers include the top AI labs, and it has contributed to the breakthrough in coding capabilities of frontier models. Mechanize is hiring! https://mechanize.work/b/hsu Compensation is extremely competitive. For technical roles, $300-500k. They are also seeking smart generalists. For example: Research Engineer, Alignment: Build evals that test for misaligned model behaviors  $500K salary Puzzle Maker: Design interesting and original puzzles that LLMs can't yet solve  $300K salary Mechanize understands that my readership is highly selected. There is a VERY GOOD CHANCE you will be interviewed if you apply via the link above.

One deployment. $87,000 into Roth accounts. Never taxed going in, never taxed coming out — and if you're 25, that grows to roughly $1.5 million by 60 without a dollar of federal income tax. In this solo episode, Spencer Reese breaks down the military mega backdoor Roth: the combat-zone strategy that lets you blow past the normal TSP limit using tax-exempt CZTE pay and the Roth in-plan conversions that became available in January 2026. He walks through the exact myPay percentages, the monthly conversion rhythm, and the mistakes that can lock you out of contributions or cost you the BRS match. Questions Answered What is the combat zone tax exclusion (CZTE), and who qualifies? What's the difference between traditional and Roth contributions? Which two limits make this strategy work — and why doesn't CZTE pay count against the elective deferral limit? How much extra TSP space does a combat zone deployment actually open up? What percentages should you set in myPay? What are the Roth in-plan conversion rules and restrictions? Why convert monthly instead of once at the end of the year? What happens to the taxable portion, and how do you pay those taxes? What if you're only deployed six months? Where do people screw this up? What should you change when you get home? Main Topics Covered The triple tax advantage of CZTE pay: tax-free in, tax-free growth, tax-free out 2026 limits: $24,500 elective deferral vs. the $72,000 annual additions limit Why tax-exempt combat zone pay only counts against the higher limit Worked example on $100,000 base pay: ~24–25% to Roth TSP, ~43% to traditional TSP Roth in-plan conversions — up to 26 per calendar year, $500 minimum, $500 must stay behind The pro rata rule and why monthly sweeps beat one December conversion Stacking Roth IRAs on top: $7,500 single / $15,000 married filing jointly Common mistakes: maxing the Roth TSP early and losing the BRS match, the 92% myPay cap that makes DFAS reject the whole transaction, and letting gains pile up before converting The six-month deployment version — still roughly $74,000 into Roth accounts Turning off the extra contributions once you're back home Deploying next year? Pre-loading traditional contributions to convert at a low rate Resources Mentioned Full article + calculator: https://militarymoneymanual.com/max-tsp-contributions-combat-zone/ — or search "military mega backdoor Roth" CZTE area list: irs.gov TSP contribution rules: tsp.gov (contributions section) TSP in-plan Roth conversion guide How to max your TSP and get the full BRS match Savings Deposit Program (SDP) — guaranteed 10% on $10,000 while deployed Book: The Military Money Manual Advertiser Disclosure: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. All opinions, analyses, and recommendations are the author's alone, not those of any bank, credit card issuer, airline, or hotel chain. Military Money Manual may receive compensation from JPMC.  Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like the Chase Sapphire Reserve® Card. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Offers may be expired: Offers, rates, fees, and benefits are subject to change and may have ended since this video was published — please verify the current terms on the issuer's official website before applying. Terms apply, and all cards are subject to credit approval. Any comments below are from individual users and are not provided, reviewed, approved, or endorsed by any issuer.

The US war against Iran is expanding into a larger regional conflict. After Trump sabotaged a diplomatic agreement, Tehran closed the Strait of Hormuz. Now Yemen's Ansar Allah (known commonly as the Houthis) has declared a naval blockade of Saudi Arabia, shutting down oil exports in the Red Sea. Ben Norton explains how this escalation could cause a severe crisis in the global energy market. VIDEO: https://www.youtube.com/watch?v=mzJNwRPOnFs Topics 0:00 Trump restarts Iran war 1:26 Yemen joins the war 2:45 Red Sea blockade 3:28 Oil transit chokepoints 5:05 Saudi East-West Pipeline 5:55 China cuts oil imports 6:27 Saudi oil exports 6:59 Oil price skyrockets 7:55 Gasoline prices rise 9:17 Potential for oil crisis 10:31 Reserves running low 11:21 Yemen explainer 13:07 Ansar Allah (Houthis) 22:05 Axis of Resistance 23:58 Iran grows stronger 27:17 Outro

David Richter, author of Profit First for Real Estate Investing and founder of Simple CFO, makes a blunt case in this solo episode: if you don't have a real reserve strategy, you don't have a real business. He walks through why most investors drain their accounts chasing the next deal and what that costs them a decade in.This episode reframes cash reserves as a growth tool rather than money sitting idle, covering how lenders view financial stability, why you should grow from reserves instead of revenue, and how one Profit First implementation gave a business owner six months of reserves for the first time in his life. If you're closing deals but living deal to deal, this one is for you.Timeline Summary[0:26] – The opening claim that a business without a reserve strategy isn't a real business[0:48] – Why real estate investors resist reserves and prefer every dollar out in deals[1:09] – Draining accounts for deals may scale you fast but won't build something that lasts[1:46] – Reserves as fire prevention instead of endless firefighting in your business[2:11] – The mastermind line that convicted David: if you're always fighting fires, you're the arsonist[2:35] – Without systems and people, you're constantly behind the eight ball on cash decisions[2:54] – The three questions you can't answer without a system: reinvest, pay yourself, or taxes[3:12] – Living deal to deal instead of paycheck to paycheck and what that does over ten years[3:29] – Why Profit First is fundamentally a reserve strategy for knowing where every dollar goes[4:05] – What lenders actually want to see and why zeroed out accounts kill your credibility[4:22] – Becoming the fire preventer instead of the firefighter through a clear cash system[4:43] – You took the chance on yourself, so the business should give you financial freedom[5:12] – Grow from your reserves, not from your revenue, and stop recycling the top line[5:33] – Where to find Profit First and the real estate investing edition David wrote[5:49] – A business owner who implemented one teaching and built six months of reserves[6:07] – Reserves as both financial peace of mind and a tool for profitable growth5 Key TakeawaysReserves Are Fire Prevention — If you're constantly putting out fires in your business, the lack of a cash buffer is what keeps lighting them. Reserves stop the emergencies before they start.Living Deal To Deal Is A Trap — Closing a deal, dropping the cash in the bank, and repeating for a decade leaves you broke with nothing to show. Volume without a system doesn't build wealth.Lenders Fund Financial Stability — Savvy investors and lenders don't want to see accounts drained to zero on every deal. Reserves make you fundable, which means reserves help you grow.Grow From Reserves, Not Revenue — Plowing every dollar of top line back into the business just recycles revenue. Real scale comes from a reserve cycle that keeps building.One Change Can Create Six Months — A business owner who had lived in financial chaos his whole career implemented a single Profit First teaching and built six months of reserves within a year.Links & ResourcesSimple CFO — https://simplecfo.comProfit First for Real Estate Investing by David Richter — https://profitfirstrei.comProfit First by Mike Michalowicz — https://mikemichalowicz.com/profit-firstEnjoyed This Episode?If the line about being the arsonist in your own business landed a little too close to home, that's the wake up call. Share this episode with an investor who's still draining their accounts for every deal, and follow the show and leave a rating and review so more real estate investors can build reserves that actually protect them.

Despite attracting its biggest television audience in years, the ANZ Premiership is set to record a significant loss of around $3.7 million in 2026, casting further doubt over the future of New Zealand's domestic netball competition. Netball New Zealand board chair Alastair Carruthers said the shortfall would be covered by the organisation's cash reserves, but warned that approach could not continue. Speaking on Newstalk ZB's Mike Hosking Breakfast, Carruthers admitted the loss would be hard to cover, adding that the overall deficit for Netball New Zealand would be far greater. “It's going to be hard to cover,” Carruthers said. “We do have reserves sufficient to deal with it this year. “The board last year, when committing to the third year of this this premiership, knew that it had reserves that that would cover the loss, but [the loss] is bigger than we expected. “I think it's important to note that also this year Netball New Zealand in total is likely to run up a loss greater than $3.7m. It's going to be close to $6m. Reserves will cover this year. “I don't think next year is going to be easy to cover at that level from our reserves position, so we need to start redesigning our business and redesigning the way that this competition is played.” The loss is part of the fallout after it was revealed Netball New Zealand emailed coaches and staff at the Northern Stars, Mainland Tactix and Waikato Bay of Plenty Magic telling them their contracts cannot be extended at this stage. The three franchises are all run by Netball New Zealand, while the Northern Mystics, Central Pulse and Southern Steel are run by their respective netball zones. Carruthers is adamant the governing body remained committed to maintaining a strong domestic competition while ensuring the long-term health of the sport. With that in mind, Netball New Zealand has agreed to change the eligibility requirements for Silver Ferns selection, following discussions with the Players Association with an eye on the 2027 Netball World Cup. Players who choose to sign with overseas clubs will now remain eligible for Silver Ferns selection. The change takes effect immediately for the current selection cycle and will continue for the duration of any multi-year overseas contract. Netball NZ Board Chair Alastair Carruthers. Photo / Photosport “Any player is welcome to play anywhere in the world if they wish to and will still be eligible for selection for the for the Silver Ferns,” Carruthers said. “We did that because while there is uncertainty about what form of domestic competition we can offer at home, people need freedom of choice and the opportunity to keep working and the opportunity to keep playing at an elite level.” He said any future model would continue to prioritise a high-quality domestic competition, alongside supporting community netball. The big financial loss comes despite the ANZ Premiership attracting 1.05 million unique television viewers on TVNZ this season, excluding audiences who watched live or on demand via TVNZ. Figures obtained by the Herald show that represents a 16% increase on 2025 and a 64% increase since 2024. The average live television audience for an ANZ Premiership fixture was 51,800, a 32% increase on 2025 for the average number of people watching a game live on TV2. The grand final between the Northern Mystics and Southern Steel saw a 60% increase in viewership, with more than 120,000 New Zealanders watching live – the most ever. Before that, 82,159 viewers had tuned in for the elimination final, 25,742 more than last year. The overall average attendance for the ANZ Premiership is up 3.2%, following a 15% jump in 2024. In total, 70,236 fans attended games, including the finals. Social media presence has also increased with the official ANZ Premiership pages (not including teams) having seen a 33% increase in followers, totalling 166,500. Carruthers expects discussions to continue with broadcasters for at least a few more months. Ben Francis is an Auckland-based reporter for the New Zealand Herald who covers breaking sports news. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Lindsay explains why someone can be “too lean” to effectively build muscle even if they're eating at maintenance and maintaining body weight. She argues maintenance calories don't automatically mean an optimal physiological environment for growth because the body also evaluates energy reserves (body fat), recovery, training stress, sleep, and hormone signals like leptin, plus changes in estrogen and thyroid hormones that affect performance and recovery. Topics discussed:(00:00) - Welcome (01:31) - Social Media Body Bias (06:51) - Maintenance vs Reserves (08:08) - Budgeting Analogy Explained (11:58) - Hormones and Leptin (16:36) - Menopause Muscle Reality (18:58) - For Who and What Goal? (24:13) - Shredded Influencer Myth (30:00) - Is There a Bodyfat Number?? (33:17) - Find Your Sweet Spot (35:19) - Wrap Up Connect With LindsayInstagram: @liftinglindsayJoin the BeStrong Community for science based training, nutrition education, coaching, live calls, and a supportive community of women who want to get stronger, build muscle, and improve their health.Learn more at liftinglindsay.comReady To Train With Us?If this episode resonated with you and you're ready to experience this style of training for yourself, it's not too late to join us inside the BeStrong app.Our newest hypertrophy phase has already begun, but you're absolutely not behind.This training block focuses on:✔ Lengthened position training✔ Strategic pauses and isometrics✔ Improving muscle tension✔ Building strength and muscle with intentional execution✔ Learning how to make the target muscle do more of the workYou'll get access to the complete training program, exercise video demonstrations, nutrition guidance, live coaching calls, and a community of women committed to getting stronger together.Join us HERE

The pre-election promises are coming thick and fast. One of the latest, from New Zealand First would see a $1 billion investment to survey the country's offshore basins for oil and gas supplies. The aim is to shore up domestic fuel supply. It's a pretty large chunk of change and it's not the only big number being thrown around on this issue so we wanted to know how realistic it is. University of Canterbury civil engineering professor David Dempsey chats to Jesse.

The Space Force has officially welcomed its first part-time service members, launching a first-of-its-kind personnel model that allows Guardians to move between full-time and part-time service without transferring to the National Guard or Reserves. Service leaders say the approach will help recruit and retain skilled workers, particularly those with expertise in the commercial space and technology sectors. But the new model also raises questions about how the military will manage a more flexible workforce and whether its aging personnel systems are ready to support it. Federal News Network's Rachel Cohen joins me with more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Five months into the conflict with Iran, have we gained any ground? Glenn discusses the issues currently affecting our ability to make any headway, the juggling act the Trump administration is performing, and the evidence that the Iranian regime is crumbling. Glenn also discusses the soldiers killed in action over the weekend due to Iran's attack in Iraq. Are our strategic oil reserves tapped out due to this lengthy Iranian conflict? Glenn brings in Jason to get the latest on the Iranian regime and describe the war-gaming that America has been engaging in. Glenn reacts to a tragic video of a 27-year-old transgender-identifying radical having a full-blown temper tantrum after being approached by the police. Glenn discusses why he praised progressives like Van Jones and Bill Maher after they recently spoke out against the radicals in the Democratic Party. Why is everything President Trump does met with immediate and unrelenting pushback, even if it would be a net positive for the country? Glenn discusses how multiple stores around the country are now locking up meat.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's blockchain and crypto news Bitcoin is up .5% at $63,942 Ethereum is up .5% at $1,891 BNB is up 1% at $570 Strategy sells more shares for cash. Vitalik Buterin releases demo of an anonymous message board. AZ-COM Maruwa Holdings to use JPYC stablecoin permissionless Learn more about your ad choices. Visit megaphone.fm/adchoices

It might be the greatest military discount in history — and most service members are leaving it on the table. In this solo episode, Spencer breaks down how active duty members, Guard and Reserve on 30+ day orders, and military spouses can carry the best premium credit cards on the market and pay $0 in annual fees, thanks to two federal laws. He covers exactly how it works, the optimal order to open cards, how far you can push it in "two-player mode," and the real refund stories — including one veteran who got over $8,000 back. Questions Answered What's the big deal with military annual-fee waivers, and why do the banks do it? Who qualifies as a "covered borrower"? What's the difference between the MLA and the SCRA — and which applies when? How do you check the MLA database before applying? How do you get started, and are you actually ready for this hobby? What's the optimal order to open cards? How far can you take this, and what is "two-player mode"? Which cards are eligible for fee waivers? Are military spouses eligible for their own cards? (Yes.) What if a spouse opened a card before active duty? Will all these cards hurt my credit score? What about business cards? What happens to the annual fees when I leave active duty? Main Topics Covered The two laws that power the waivers: Military Lending Act (MLA) and Servicemembers Civil Relief Act (SCRA) Who's covered: active duty, Guard/Reserve on 30+ day orders, and DEERS-listed spouses MLA's 36% rate cap and why banks just zero out fees instead Treating credit cards like debit cards — the prerequisite for playing Referral bonuses and spouse "two-player mode" A sample card-opening sequence  Stacking recurring benefits across multiple cards (travel credits, Uber Eats, hotel credits, free-night certs) How multiple open cards can actually help your credit score What to do with cards after separating: keep, downgrade, or close Real UMC3 success stories, including large SCRA refunds Resources Mentioned Top card list: militarymoneymanual.com/cards Ultimate Military Credit Cards Course: militarymoneymanual.com/umc3 MLA database check: militarymoneymanual.com/mla-database Episode 215: "Military Spouse Credit Cards: 4 Myths Debunked" with The Military Travelers Instagram: @militarymoneymanual Email: podcast@militarymoneymanual.com For Bilt MLA waivers: support@cardless.com Advertiser Disclosure: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. All opinions, analyses, and recommendations are the author's alone, not those of any bank, credit card issuer, airline, or hotel chain. Military Money Manual may receive compensation from JPMC.  Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like the Chase Sapphire Reserve® Card. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Offers may be expired: Offers, rates, fees, and benefits are subject to change and may have ended since this video was published — please verify the current terms on the issuer's official website before applying. Terms apply, and all cards are subject to credit approval. Any comments below are from individual users and are not provided, reviewed, approved, or endorsed by any issuer.

(3) The Phony War and Strategic Reserves: Regulatory Displacement, the Iran-US "Phony War," and the Doctrine of Unconditional Surrender Guests in Londinium, 92 AD: Gaius and Germanicus. Broadcasting a "bootleg edition" from a parking lot after being forced out by the building inspector, the hosts discuss the unsustainable nature of the escalating US-Iran conflict. Gaius compares the current "drip drip" of hostilities to the minor-sounding reports from 1938–1939, questioning the sustainability of these incremental escalations. Germanicus frames the conflict as a "Sitzkrieg" or "phony war," noting that unlike 1940, the current pressure is the depletion of strategic oil reserves — the crisis isn't "instantly imminent," but the drawdown makes it temporary. He critiques the American "neuralgia" of demanding unconditional surrender, an unattainable goal he traces from the Civil War to modern leaders like Trump and Biden, arguing that a military tradition requiring demonized enemies and total submission prevents realistic resolutions. They conclude that the current diplomatic and military path is a "will-o'-the-wisp" that cannot be achieved through air power or Blitzkrieg. (3)1945 BBERLIN

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If Spencer commissioned today, at 22 years old with everything he learned from 12 years on active duty, what would he actually do with his money? A listener on Instagram asked exactly that, and this episode is the answer: a 13-point playbook for brand new officers and enlisted servicemembers, from your first bank account to the books that will shape your investing philosophy. Plus why "borrow the Career Starter loan and invest it" is less of a no-brainer than the internet claims, and why achieving financial independence might be the worst thing that ever happens to you. Questions Answered If you were starting over as a new military officer, what would you do differently? Should you take the Career Starter loan and invest it? How much should a new servicemember contribute to the Roth TSP? Which lifecycle fund should you pick when you first create your TSP account? How big should your emergency fund be when you're just getting started? How do you change your state of legal residency to a no income tax state? What savings rate is reasonable without sacrificing your 20s? Whose financial advice can you actually trust as a new servicemember? What books should every new officer or enlisted member read? Main Topics Covered The 5-step quick start: military-friendly bank, emergency fund in a HYSA, 5% into Roth TSP, pay off debt, build your savings rate Everybody has an angle: how to filter advice from senior NCOs, Facebook TSP-timing groups, and finance influencers (including Spencer's own credit card affiliate incentive) Why "you gotta buy real estate every PCS" advice may not survive 6-7% interest rates Career Starter loan math: borrowing and investing $36,000 vs. just investing the payments, over 5 years and 40 years Roth TSP setup, the 24-month wait for the 5% match, and the Lifecycle 2075 fund Opening a Roth IRA at Schwab, Fidelity, or Vanguard and starting with VT (Vanguard Total World Stock ETF) LADS investing: low-cost, automated, diversified, simple, and why bonds can wait until your 40s Emergency fund milestones: $1,000, then $5,000, then $10,000 Changing your state of legal residency with DD Form 2058, the 8 no income tax states, and home of record vs. state of legal residency Sustainable savings rates: the ski trip Spencer still regrets skipping as a lieutenant Why financial independence can leave you lost if you sacrifice relationships and experiences to get there Turning your commute into a financial education with podcasts and audiobooks The military financial order of operations, step by step Books Mentioned The Military Money Manual: A Practical Guide to Financial Freedom by Spencer Reese (Amazon or shop.militarymoneymanual.com) I Will Teach You to Be Rich by Ramit Sethi The Psychology of Money by Morgan Housel The Simple Path to Wealth by JL Collins The Little Book of Common Sense Investing by John Bogle A Random Walk Down Wall Street by Burton Malkiel Die With Zero by Bill Perkins Money for Couples by Ramit Sethi Resources Mentioned Free Ultimate Military Investing Course: militarymoneymanual.com Military Financial Order of Operations: militarymoneymanual.com/foo r/MilitaryFinance on Reddit (50,000+ members) and the Military Money 101 prime directive flowchart TSP: tsp.gov myPay for TSP contributions and LES DD Form 2058 (change of state of legal residency) Military-friendly banks: USAA, Navy Federal Credit Union, PenFed Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like the Chase Sapphire Reserve® Card. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

In this special episode of Tank Talks, recorded live during Toronto Tech Week at Moomoo Canada's flagship store in Yorkville, Matt Cohen sits down with two of venture's sharpest data and investment minds for an unfiltered conversation on the state of private markets.Peter Walker, Senior Director of Insights at Carta, brings the hard numbers from 60,000+ companies and 3,000+ US venture funds, revealing the stark reality behind valuation markups, unicorn deterioration, and the widening dispersion between top-tier and median deals.John Rikhtegar, Vice President at Northleaf Capital Partners and former RBC investor, offers the LP perspective on why trust matters more than ever, why emerging managers are bearing the brunt of capital allocation challenges, and how disciplined pacing and vintage diversification separate winning funds from the rest.Together, they tackle the 4.3 trillion-dollar NAV overhang, the brutal graduation rates for 2021 vintage funds, whether valuations have permanently shifted, and why the ATM analogy might be the best way to understand AI's impact on venture careers.If you're a GP raising capital, an LP sorting through manager pitches, or just trying to make sense of where venture is headed, this episode is a must-listen.The Great LP Reset: Trust Over Performance (08:05)* Why LPs are letting go of newer relationships while sticking with 15-year partners.* The COVID furlough analogy: why junior and newer team members are the first to go.* How trust became the ultimate table stakes in today's fundraising environment.The 4.3 Trillion Dollar NAV Problem (12:33)* Why SpaceX's IPO would return only 10% of capital deployed over the last decade.* The staggering number of unicorns still sitting on stale marks from 2021.* What happens when 50% of unicorn down rounds become the new normal.Valuation Dispersion Is Breaking the Model (17:38)* Seed valuations jumped from $15M post-money (2022) to $24M (2025).* Series A went from $46M to nearly $80M in the same period.* Why the gap between the top decile and the median has never been wider.* How GPs must adapt ownership expectations or get priced out of deals.The Unicorn Graveyard: Stale Marks and Deteriorating Assets (19:28)* December 2021: 640 unicorns on Carta; 85% of current US unicorns.* 30% have raised new up-rounds; of the rest, half raised down rounds of 50% or more.* How GPs are forced to tell LPs that their “trophy assets” are no longer real.Pacing, Reserves, and Portfolio Construction (22:53)* Why disciplined 3-4 year deployment beats 18-month “firehose” strategies.* The 80/20 reserve debate: why leading rounds can become a net negative.* How “deal 13” is just as likely to succeed as “deal 12”, and why slightly larger portfolios make sense.LP Diligence: It's Not About the Marks (31:55)* Why TDPI and DPI are just 2 of 100 mosaic factors in LP decision-making.* How LPs now go company-by-company, not fund-by-fund.* The importance of founder references, especially from failed companies.Canada vs. The US: A Fractal Problem (40:44)* Why every market (Toronto, Sydney, London, Seattle) faces the same “Silicon Valley problem.”* The importance of domestic liquidity and secondary markets over chasing US LPs.* Why returns, not international capital, will ultimately scale Canadian firms.AI and the Future of Venture Careers (44:44)* The ATM analogy: AI will eliminate tasks, not jobs.* Why the role of the investor becomes more important as noise and froth increase.* How family offices are shifting their mix between fund investing and direct deals.Retail Access to Private Markets: Feature or Bug? (53:27)* Why illiquidity in private markets is a feature, not a bug.* The absurdity of allowing crypto “shitcoins” but blocking friends from investing in startups.* Why “401k-entrance” to private equity is a bigger story than retail venture access.About the GuestsPeter Walker is the Senior Director of Insights at Carta, where he leads the team responsible for analyzing data from over 60,000 companies and 3,000+ venture funds. His work on valuations, liquidity, and fundraising trends is widely cited across the venture ecosystem. He is a regular speaker at industry events and writes extensively on LinkedIn about the intersection of data and venture capital.Connect with Peter Walker on LinkedIn: linkedin.com/in/peterjameswalkerLearn more about Carta: carta.comJohn Rikhtegar is a Vice President at Northleaf Capital Partners, joining in early 2026 after a distinguished career at RBC and as an operator at Shopify and in the UK. He brings a unique blend of LP and operational perspectives, with deep expertise in due diligence, portfolio construction, and the dynamics of emerging manager investing.Connect with John Rikhtegar on LinkedIn: https://www.linkedin.com/in/johnrikhtegar/Learn more about Northleaf Capital Partners: https://www.northleafcapital.com/Connect with Matt Cohen on LinkedIn: https://ca.linkedin.com/in/matt-cohen1Visit the Ripple Ventures website: https://www.rippleventures.com/ This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com

Stephen Grootes speaks to Avhapfani Tshifularo, CEO of the Fuel Industry Association of South Africa, about the government's proposed Strategic Petroleum Stock Policy and what it could mean for the country's fuel security. In other interviews, David Van Wyk, mining analyst talks about De Beer’s decision to pause production at its Venetia mine in Limpopo for two years, what the move means for South Africa's diamond industry and workers, and how the mining giant is adapting to weak global demand. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

We have a jam-packed episode of The Dunker Spot coming your way! First, Nekias Duncan and Steve Jones react to opening day (and night) of Las Vegas Summer League. They discuss AJ Dybantsa's debut in a showdown against Darryn Peterson and the Jazz, the Darius Acuff-Keaton Wagler duel, the Morez Johnson-Yaxel Lendeborg matchup and much more.  From there, they discuss the latest NBA news. Is the Kawhi Leonard trade actually in jeopardy? What do we make of this massive six-team trade? Have the Jazz done a good enough job of replacing Walker Kessler? On the WNBA side, the guys have a nuanced conversation about the Las Vegas Aces' decision to waive Chennedy Carter: where communication might've broken down, some of the on-court shortcomings, and why we haven't heard much from the Aces -- at least not yet. To close, they discuss this year's All-Star reserves and who could potentially replace Kelsey Plum if she hasn't returned to the court by then. If you ever have NBA or WNBA questions, email us at dunkerspot@yahoo.com 01:15 -- AJ Dybantsa vs Darryn Peterson 14:50 -- Keaton Wagler vs Darius Acuff Jr. 20:10 -- Summer League bounce-around 41:50 -- NBA news (Kawhi + free agency) 57:40 -- Aces waive Chennedy Carter 01:20:10 -- All-Star reserves announced Subscribe to the The Dunker Spot on your favorite podcast app:

Fr. Michael Duesterhaus was ordained to the priesthood for the Diocese of Arlington in 1991. He spent 27 years, Active and Reserves, as a Naval Chaplain, mostly serving with units of the U.S. Marine Corps. Father has presented over 125 formal cases before Tribunals of seven dioceses of the United States. He currently serves as Parochial Vicar at St. John the Baptist Parish in Front Royal, Virginia. In Today's Show: Where did the names in the Bible come from?  Someone told me that, in those times, those names didn't exist. Are all aborted children denied the beatific vision for all eternity? Also, is there such a thing as Baptism of Desire? What's the difference between a friar and a priest? ​​What is the Donation of Constantine, and what does it mean for the papacy today? And more. Visit the show page at thestationofthecross.com/askapriest to listen live, check out the weekly lineup, listen to podcasts of past episodes, watch live video, find show resources, sign up for our mailing list of upcoming shows, and submit your question for Father!

The person next to you probably paid less for their seat than you did — and you'll never know it. Spencer talks with Sam Hollander, founder of Autopilot (withautopilot.com), about the overlooked art of saving money after you've already booked. Since U.S. airlines killed change fees, you can claw back cash every time your fare drops and snag last-minute premium-cabin upgrades for a fraction of the sticker price. Sam breaks down how to automate all of it, which tools every points-and-miles traveler should be using, and why free elite upgrades are quietly disappearing in 2026. Questions Asked What is Autopilot, and how does it save travelers money after booking? Are you canceling and rebooking the ticket, or filing a claim for the fare difference? What happens if the price drops multiple times? Does this work on codeshare flights? What do you need to share with Autopilot to get started? Does it work if you book with points or miles? How does the pricing and success-fee model work? How do the upgrade-offer alerts work, and do you recommend a bid amount? Do you need a credit card on file for the free tier? What travel tools are you using besides Autopilot? What's most exciting to you in the travel space right now? In 2026, with airlines selling most premium seats, what actually works to get up front? Where can people find you and follow what you're building? Main Topics Covered How the post-COVID end of change fees created the opening for Autopilot Lowest Fare Guarantee: automatic refunds when your booked fare drops $20+ Automation as a money philosophy — low-cost, automated, diversified, simple Importing trips via Gmail sync, email forwarding, or confirmation code Free tier vs. 25% success fee vs. $9.99/mo Pro plan Upgrade-offer bidding and how to judge whether an upgrade is worth it Why 2026 airlines are pulling back on free elite upgrades Day-of-departure price drops and pricing anomalies (business cheaper than premium economy) Best days to book and fly, and why "book now" beats waiting Building Alaska/Atmos Rewards miles through Bilt Autopilot's new hotel repricing feature Resources Mentioned Autopilot (withautopilot.com) MLA & SCRA fee waivers Google Flights (https://www.google.com/travel/flights) Seats.aero (https://seats.aero/) PointsYeah (https://www.pointsyeah.com/landing) ExpertFlyer (https://www.expertflyer.com/) CardPointers (https://cardpointers.com/) Travel Freely (https://travelfreely.com/) Max Rewards (https://maxrewards.com/) Flighty (https://flighty.com/) Bilt Rewards (https://www.bilt.com/) BofA Atmos Rewards Summit card Sam Hollander on X @samhollander_ https://www.withautopilot.com/ Advertiser Disclosure: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. All opinions, analyses, and recommendations are the author's alone, not those of any bank, credit card issuer, airline, or hotel chain. Military Money Manual may receive compensation from JPMC.  Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like the Chase Sapphire Reserve® Card. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Offers may be expired: Offers, rates, fees, and benefits are subject to change and may have ended since this video was published — please verify the current terms on the issuer's official website before applying. Terms apply, and all cards are subject to credit approval. Any comments below are from individual users and are not provided, reviewed, approved, or endorsed by any issuer.

https://rhr.tv/stream Bitcoin Crowdfunding for Venezuela Earthquake Relief Supplies https://x.com/pakovm/status/2070254848814288935 Strike Now Authorized Under MiCA Across All 27 EU Countries https://x.com/jackmallers/status/2072353197650518196 Bark Wallet Solves Offchain State Backups with Encrypted Snapshots https://x.com/notgrubles/status/2072386304642286029 Blink Wallet Introduces Non-Custodial Accounts https://blink.sv/blog/non-custodial-accounts-in-blink-wallet Calvin Kim Receives OpenSats Long-Term Support Grant https://opensats.org/blog/calvin-kim-receives-lts-grant OpenSats Developer Spotlight: Egge (Coco) https://opensats.org/blog/developer-spotlight-egge-coco OpenSats Developer Spotlight: Rajarshi Maitra https://opensats.org/blog/developer-spotlight-rajarshi-maitra OpenSats Grant Map https://opensats.org/map BitGo CEO Announces ~15% Workforce Reduction for Strategic Focus https://x.com/mikebelshe/status/2070240967479996463 Strategy Announces Digital Credit Capital Framework https://www.strategy.com/press/strategy-announces-digital-credit-capital-framework_06-29-2026 Cambodia Launches Smart Policing Initiative in Phnom Penh Cambodia's Ministry of Interior formally launched a China-backed “Smart Police” initiative in the capital city of Phnom Penh. The new policing system will connect 487 cameras equipped with AI-powered identity and vehicle tracking and send all video feeds into a new centralized command center. To support the rollout, Chinese-backed regional security partners are providing financial and technical support for the project and have pledged to expand the camera grid in the future. Cambodian officials say the project will protect residents and tourists. But in a country where dissent is overtly and systematically punished, these new AI-powered systems can easily double as a surveillance machine capable of identifying anyone who criticizes the ruling party. FinancialFreedomReport.org Ashigaru Terminal v1.0.0 Released: Whirlpool Coinjoin Client Built from Sparrow https://ashigaru.rs/news/release-terminal-v1-0-0/ COLDCARD 5.5.1 and 1.4.1Q Firmware: BIP-322 Proof of Reserves, WIF Store, and Secure Notes Upgrades https://blog.coinkite.com/coldcard-5.5.1-1.4.1q-release/ Wasabi Wallet v2.8.0 Release https://github.com/WalletWasabi/WalletWasabi/releases/tag/v2.8.0 Noah v0.1.3 Release https://github.com/smolcars/noah/releases/tag/v0.1.3 New Checkout Method for in Person BTCPay Stores https://x.com/MrKukks/status/2072677988026421484 Bitcoin Core secp256k1 Pull Request #1884 https://github.com/bitcoin-core/secp256k1/pull/1884 Tails 7.9.1 Release https://tails.net/news/version_7.9.1/ Open Standard Introduces Open USD https://joinopenstandard.com/blog/introducing-open-usd The Secret History of Polymarket – Part 1: DARPA, Thiel, and Prediction Market Origins https://unlimitedhangout.com/2026/06/investigative-series/the-secret-history-of-polymarket-part-1/ Claude Code Accused of Hiding China Proxy Fingerprints Inside System Prompts https://www.internationalcyberdigest.com/claude-code-accused-of-hiding-china-proxy-fingerprints-inside-system-prompts/ Foreign Influence Campaign Against American AI – Part II: Singham Ground Game https://www.btcpolicy.org/articles/foreign-influence-campaign-against-american-ai-part-ii-singham-ground-game AI Drones Rapidly Restoring Degraded Land in Brazil (MORFO) https://x.com/alex_verem/status/2072001777487196662 Home Mining Playbook: https://www.tftc.io/home-mining-energy-playbook 3:33 - Sweaty rip 6:38 - Dashboard 9:28 - Venezuela relief 14:28 - Strike EU 16:13 - Bark 18:43 - Blink 23:23 - Open USD 27:13 - OpenSats 31:03 - BitGo layoffs 32:28 - Strategy update 33:58 - HRF Story of the Week 38:43 - Boosts 44:18 - Software updates 47:58 - Secret history of Polymarket 53:18 - BPI foreign AI 59:38 - MORFO Shoutout to our sponsors: Coinkite https://coinkite.com/ Strike https://strike.me/ Stakwork https://stakwork.ai/ Salt of the Earth https://drinksote.com/rhr Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/marty Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Nostr https://primal.net/odell Newsletter https://discreetlog.com/ Podcast https://citadeldispatch.com/

Advertiser Disclosure: This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. All opinions, analyses, and recommendations are the author's alone, not those of any bank, credit card issuer, airline, or hotel chain. Military Money Manual may receive compensation from JPMC. Spencer joins the Foxhole to talk about something most veteran benefit conversations skip: what happens when you take those benefits outside the United States. A former Air Force C-17 pilot now living in New Zealand, Spencer shares hard-won lessons on collecting VA compensation abroad, navigating overseas healthcare, stretching the GI Bill, and the realities of immigration and quality of life beyond the U.S. border. Topics Covered Spencer's background: Air Force ROTC, flying the C-17 for 10 of 12 active-duty years, and leaving at the 12-year mark without a 20-year pension How militarymoneymanual.com started and the military's unique investing culture The TSP, Roth IRA, and the "triple tax benefit" of contributing while deployed in a combat zone Collecting VA disability compensation anywhere in the world via direct deposit and foreign bank accounts Using the Wise app for low-cost currency conversion and multi-currency accounts (vs. the old daily-ATM-withdrawal trick) The limits of VA healthcare overseas and the frustrations of scheduling from abroad Using AI tools and VA chatbots to help with disability claims (and a caution about predatory claim firms) GI Bill benefits at overseas universities, including OCONUS BAH and host-country student stipends What healthcare actually costs abroad: New Zealand's public/private systems, plus cash-pay care in Thailand, the Philippines, and Vietnam Residency and immigration pathways: EU citizenship by ancestry, New Zealand's investor visa, marriage, the student-visa route, and Germany for retired U.S. military The case for trying before committing: rent an Airbnb and live somewhere for a month or two first Quality of life abroad vs. the U.S. — social safety nets, lower "hustle culture," and Spencer's observations on trust and anxiety back home Resources Mentioned Military Money Manual community app — launching in beta; coming to the Apple App Store and Google Play Instagram — @militarymoneymanual Wise app — currency conversion and multi-currency banking The Military Guide to Early Retirement and Financial Independence by Doug Nordman The Military Wallet by Ryan Guina The Golden Albatross by Grumpus Maximus — on evaluating defined-benefit pension "cliffs" Bogleheads — the simple, low-cost, automated investing philosophy Spencer follows va.gov and the VA mobile app — for tracking claims and updating your address GI Bill — Chapter 33 vs. Chapter 35 considerations for overseas study TSP, Roth IRA, USAA — referenced throughout ACC (Accident Compensation Corporation) — New Zealand's no-fault accident coverage Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor Over 24,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like the Chase Sapphire Reserve® Card. Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Offers may be expired: Offers, rates, fees, and benefits are subject to change and may have ended since this video was published — please verify the current terms on the issuer's official website before applying. Terms apply, and all cards are subject to credit approval. Any comments below are from individual users and are not provided, reviewed, approved, or endorsed by any issuer.

Preview for Later Today: Lance Gatling explains how Japan avoided public panic during the Hormuz energy crisis despite threats to its oil supply. Through strategic petroleum reserves, energy diversification, and maintaining strong international relations — particularly with the United States — Japan successfully managed the potential shortage without gas lines or widespread anxiety among the general population.

RNT: Iran, Trump, Venezuela, oil reserves, social security, and a surprise

Krystal and Saagar discuss Pratt slipping in LA as Trump claims it's rigged, Lebanon ceasefire falls apart, US oil reserves 22 year low. Ken Klippenstein: https://www.kenklippenstein.com/ To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com Merch Store: https://shop.breakingpoints.com/ See omnystudio.com/listener for privacy information.