Podcasts about sovereigns

Jeremy Zook and Ying Wang discuss China's 'new productive forces' strategy, focusing on EVs, AI, and robotics. They assess whether industrial upgrading can offset structural economic headwinds and support long-term growth.(00:00) - Introduction and overview of China's “new productive forces” (00:47) - What are “new productive forces” and why do they matter? (03:28) - Can industrial upgrading sustain China's long-term growth? (07:03) - EVs as a case study in China's industrial transformation (10:35) - AI, robotics and the next wave of industrial upgrading (14:38) - Key indicators to watch for success (17:19) - Closing remarks and new podcast announcement

What the USMCA's move to annual review cycles means for North America. Todd Martinez and Josh Grundleger join Shelly Shetty to unpack what changed on July 1st, Fitch's baseline scenario, and the risks ahead. Part one of two.

Why did post-pandemic inflation last so long? Fitch's Chief Economist Brian Coulton reveals how corporate margins, not wages, fueled persistence, and assesses the risk of a repeat after the 2026 oil shock, with key implications for the Fed and ECB.

Fitch analysts examine how a developing El Niño could impact corporate credit risk across Asia Pacific. We explore Vietnam's hydropower vulnerability, resilience in India and China, and why palm oil producers may face a mixed credit outlook.

Aymeric Poizot and Monsur Hussain discuss how innovation is reshaping credit markets. Considering fund finance, securitisation and corporate back leverage, they explore these new structures and the implications for credit risk assessment.

World Heath Disclosure David Eells 7-19-26 (audio) Restored Republic via a GCR Update as of Sat. 18 July 2026 by Judy Byington, Welcome To The Great Awakening Next 48 Hours, Critical Next Ten Days, Historic Next 30 Days Changes Civilization “Most don't realize how hard it is to speak the truth to a world full of people who don't realize they're living a lie.”…Edward Snowden Judy Note: On Thurs. 16 July 2026 a ceasefire was activated in Israel – confirming a global reset of Mid East stability. Hamas freed the last living Israeli hostages, while Israel released 2,000 Palestinian prisoners. It all happened just as Q predicted: “Israel would be last.” Though the next day on Fri. 17 July 2026, the US Navy resumed a full naval blockade on Iranian ports in the Strait of Hormuz. The day before Iran had bombed a US Military base, ensuring a permanent break of the ceasefire. Trump's attack was mainly financial. The blockade was costing Iran $400 million a day, while US Central Command (CENTCOM) pounded targets in wave after wave of strikes on bridges, trains and other infrastructure that would affect any trade Iran could do outside the country. Of course, Iran refusing peace and making war would keep them out of the Global Currency Reset and financial system. Trump declared, “We gave them a chance… they shot first. Big mistake.” It was a typical Trump reaction. Because of the Global Military Alliance led by the US President and Commander-in-Chief, Deep State Elites were finally collapsing, while Sovereigns of the World were reaching out to grasp peace and Constitutional Law under God, governed by We The People. Q said it best on Telegram today: “The UN is now obsolete, because Trump is doing their job for them. The UN does not carry out its intended function, so Trump unilaterally took over as the new UN.   “Trump created the Board of Peace, brokered all the peace deals worldwide, and is shutting down threats to the people of the world, like Iran's nukes, the American cartels, ISIS in Syria, Yemen, Nigeria, etc. “Trump is using tariffs and military precision, to operate as the UN is supposed to. Trump is now the new global peacemaker, whether you like it or not. “Nothing gets done at the UN, so Trump took matters into his own hands.” Trump had already assured that Free Energy was on it's way to every household, and with the Global Currency Reset (GCR) that just launched, currencies across the World were trading at a 1:1 with each other as backed by gold and other assets. Our financial future was safe and finally away from the fiat dollar. The GCR had caused the Deep State's privately owned IRS to find it's grave, while their Illuminati's over taxing of the American people suddenly vanished. The Cabal's Federal Reserve now held a new position under the US Treasury where at last, bankers would be held accountable for their actions. The Deep State Elite's petrodollar was dead, Oil Monopoly, dismantled. When announcements came about the new financial system, Stock Markets would collapse; banks fail; the old wealth, evaporate. Though, The People would thrive with the new gold/asset-backed currencies of 209 nations. The Health Industry around the World was being forced to actually help the body heal itself using light and sound frequencies of free Med Bed treatments. Trump was placing Med Beds in hospitals and other facilities worldwide. Thus, these health providers would have the tools to promote health and no longer could tear down our bodies through dependence on their expensive drugs, surgeries and other over priced medical procedures. With Trump's Thursday Executive Order that released free Med Bed treatments to the public, Big Pharma was finally facing accountability through massive legal consequences for their crimes. For centuries they had forced on the population, dependency on drugs that not only didn't heal the body, but actually contributed to ill health. Peace and Freedoms wouldn't come easy. Mr. Pool Q on Telegram said that the next 48 hours were critical. The next ten days were historic. The next 30 days would change civilization.   Within the next 24 hours, seven trumpets were set to sound over every phone, tablet, TV, radio and communication device on Earth to introduce seven Emergency Broadcast System (EBS) messages in 22 languages that explained what's going on. And, what was actually going on? Liberty and Peace were winning. The Great Awakening was here. One of the Liberties that Trump had already given People of the World (that they were yet to know about) was that of good health through Med Beds. Trump's Military Alliance was opening up Med Bed Centers around the World to give free regenerative treatments that healed the body without drugs. On Fri. 17 July 2026 a nurse from Walter Reed Military Hospital leaked her testimony on Med Beds. She had worked in Walter Reed's Med Bed Wing for seven years: She contacted us through an encrypted channel 48 hours ago. Her identity has been verified by three independent sources. She worked at Walter Reed National Military Medical Center from 2017 to 2024 — in a section that does not appear on any public floor plan. She calls it “Sub-Level 3.” Situation Updates: Fri. 17 July 2026 Situation Update: Byington Bombshell Report: America Now Sovereign Under Constitutional Law – Trump Signs EO Releasing Free Regenerative Med Beds to Public | Politics | Before It's News Fri. 17 July 2026: BREAKING FREE: Mind Control, S-----c Ritual A---e, and Jenny Hill's Extraordinary Journey in Twenty Two Faces [JUDY BYINGTON] – amg-news.com – American Media Group Thurs. 16 July 2026 Situation Update (video): WTPN SITUATION UPDATE FEATURING RESTORED REPUBLIC & MORE   A Quantum Space Q Phone will be provided free of charge to all people on Earth. It will be used for internet connectivity on the new Starlink Satellite System: texting, calling, banking, voting and much more, such as used as a credit tool and to make both local and international financial transactions of retail consumption and commercial business. On Thurs. 16 July 2026 Hamas freed the last living Israeli hostages, Israel released 2,000 Palestinian prisoners and the ceasefire in Iran and the Middle East was active. Fri. 17 July 2025, Edward Snowden: Two years ago today, President Trump was shot on stage in Butler Pennsylvania. Trump was putting his life on the line by being President. Since then we have seen: • 2025 security lapse at Trump National Golf Club • 2025 Air Force One security incident • February 2026 Mar-a-Lago Secret Service shooting • March 2026 Mar-a-Lago no-fly zone violation • 2026 White House Correspondents' Dinner shooting • 2026 National Mall Secret Service shooting • 2026 White House Memorial Day Weekend shooting • Multiple threats by Iran. Possible Timing: …Juan O Savin (JFK Jr.?) On Tues. 14 July 2026: GCR and QFS live in 209 nations. Tier 4B funds Med Bed networks. White Hats seize last Fed strongholds. Deep state cartel exposed hiding healing tech. Health revolution ignites! On Wed. 15 July 2026: Zim payouts build Med Bed centers everywhere. Rescued children from tunnels get instant healing erasing t-----e. Big Pharma collapses. Innocent healing begins now! On Thurs. 16 July 2026: Mass arrests hit Pentagon traitors. Med Beds confirmed with Alliance after decades hidden. Veterans and jab injured get priority. On Fri. 17 July 2026: Starlink locks EBS. Med Bed training done. Sick care empire ends. Regenerative tech restores perfect health. Humanity reclaims life! On Sat. 18 July 2026: 48-hour blackout starts. Banks dark under QFS. Supplies ready for darkness. Med Bed systems stand by. Cabal grip on health shattered! Sun. 19 July 2026 OPERATION FINAL-SEAL: Military tribunals go LIVE. 47 Deep State arrests BEGIN. Final rescues free hundreds more children. Victims to Med Beds for renewal.   On Mon. 20 July 2026: Free QFS app appointments begin. At appointments, those with Humanitarian projects receive priority for Med Bed treatments. EBS tests global success. On Tues. 21 July 2026: QFS links Med Bed codes. Patriots priority access. DNA repair on. Aging reverses, diseases vanish. On Wed. 22 July 2026: Alliance rolls out Med Beds worldwide. Free for all after EBS. Children and critical first. Cancer and chronic illness gone. Golden age dawns! On Thurs. 23 July 2026 FINANCIAL RESET: Petrodollar DIES. Quantum system LIVE. Federal Reserve FINISHED. Martial Law declared. Black Hawk helicopters conduct Capitol storm drills in Washington, D.C., signaling full readiness for Martial Law enforcement. At the Same Time Global activation sequence begins. BRICS Alliance goes live alongside NESARA–GESARA implementation and full roll out of the Quantum Financial System (QFS). On Fri. 24 July 2026: EBS launches truth broadcast. Mass arrests as nightmare ends. Med Beds activate for rescued, veterans, then all. Pain ends, paradise starts! On Sat. 25 July 2026 ANNOUNCEMENT: Trump reveals 2020 election PROOF. Declassified documents. Video evidence. MASS ARRESTS: Tribunals execute verdicts. Deep State REMOVED. On Sun. 26 July 2026: NESARA GESARA gives free Med Bed access. No one left behind. Elite tech for masses. Patriots whole again. Alliance promise kept! On Mon. 27 July 2026: Trump confirms victory. QFS and Med Beds anchor Republic. No income tax, tariffs only. Deep state extinct. Health and f Possible Timing of Med Bed Activation: On Sat. 27 June 2026: The first 1,500 Med Bed units activated in hidden US facilities. Initial sessions delivered complete reversal of advanced cancers, spinal and brain regeneration, and age reversal of 20 to 40 years within two-hour treatments using quantum frequencies that interface directly with the body's intelligence and eliminate all Cabal-introduced toxins and pathogens. On Sun. 28 June 2026: Med Bed Centers in Nevada, Ohio and Georgia activated that specialized in DNA genome repair, metabolic reset eliminating obesity and fatigue, and age reversal. On Mon. 29 June 2026: Trump ordered synchronized Med Bed expansion with QFS activation, along with income tax abolition for middle class Americans. This delivered both financial and physical sovereignty to patriots. On Tues. 30 June 2026: Global deployment reaches over 8,300 Med Bed centers across 209 QFS-aligned nations. Success rates top 99 percent for previously incurable conditions. On Wed. 1 July 2026: Public registration opens via QFS portals in key regions. On Tues. 7 July 2026: Tesla Med Beds activate in secure facilities. On Wed. 8 July 2026 sources confirmed hidden technologies including Tesla Free Energy and suppressed medical advancements known as Med Beds officially began unveiling to the general public. On Fri. 10 July 2026: More QFS funded Med Bed centers activate in humanitarian hubs. Veterans from Cabal wars receive full restoration. On Sat. 11 July 2026 EBS protocols engage with Med Bed centers opening worldwide. On Sun. 12 July 2026: Med Beds opened free restoring health and youth everywhere.   On Tues. 14 July 2026: 8000+ Med Bed centers activate worldwide. QFS ensures free access prioritized for awakened patriots and light workers. On Wed. 15 July 2026: First Med Beds activate in Texas, Florida bases for veterans, traumatized children. On Fri. 17 July 2026: Final calibrations complete on Med Bed units powered by Tesla free energy. On Sat. 18 July 2026: Trump confirms Med Beds as cornerstone of new sovereign QFS healthcare. QFS unlocks massive funding for over one thousand Med Bed centers globally. Starlink blocks all Cabal sabotage. Wealth transfers fuel expansion. On Sun. 19 July 2026: Miraculous cures emerge with cancer patients recovered, diseases vanishing, and age reversal visible. Suppressed tech truth explodes. Tribunals advance from Med Bed evidence exposing Cabal atrocities. Awakening surges! On Mon. 20 July 2026: Redemptions provide endless resources for Med Bed rollout everywhere. Free QFS app appointments begin. Full public Med Bed access expands. Those with Humanitarian projects receive priority. On Tues. 21 July 2026: EBS tests confirm readiness as Med Beds enter public phase under military guard. Trump calls it the ultimate defeat of deep state medical control. World awaits total health freedom! On Wed. 22 July 2026: Huge healing events launch worldwide in secure sites. Children and elderly regain vitality. Leaked footage crushes media blackouts. Arrests of medical figures escalate with swift justice for deliberate harm! On Thurs. 23 July 2026: Free global Med Beds access starts for all. Smart systems slash wait times. Longevity treatments begin. GESARA promises fulfilled as Republic rejoices and Cabal power crumbles! On Fri. 24 July 2026: Every neighborhood gets Med Bed hubs with clean energy. Tech shared globally ending health inequality. Patriots celebrate end of sickness weaponization. Deep state illness control shattered!   On Sat. 25 July 2026: Global celebrations mark Med Beds era and restored Republic. Trump credits the tech for crushing Cabal remnants. Transformed citizens power the Great Awakening to final victory for patriots! On Tues. 28 July 2026: Med Beds online free worldwide. On Thurs. 30 July 2026: Starlink frequencies bring healing to remote areas instantly. On Sat. 1 Aug 2026: Trump's epic Independence event unveils Restored Republic and QFS rebirth. Freedom rings worldwide. On Mon. 3 Aug 2026: Home frequency Med Beds activate via Starlink. Instant healing 24/7 everywhere. Golden Age of Health and Abundance begins. Global Currency Reset: Judy Note: On Fri. 17 July 2026 several different sources indicated that the Admiral's Group has begun their exchanges, Tier3 Native Americans have received 90% of their monies and Bond Holders were scheduled to receive the balance of their exchange this weekend. Tier4b (us, the Internet Group) were next and expected to be notified to set exchange/redemption appointments at by the early part of next week. Fri. 17 July 2026 MarkZ: Indian Nations are 90% done exchanging. Bond Groups receive their balance this weekend. Tier4a should be finishing exchanging this next week – then Tier4b (us, the Internet Group). Fri. 17 July 2026 Med Bed Activation on Telegram: On Mon. 20 July 2026 Free QFS app appointments begin. Redemptions provide endless resources for Med Bed rollout everywhere. Full public Med Bed access expands. Those with Humanitarian projects receive priority. Thurs. 16 July 2026  Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866 A source said Tier4b (us, the Internet Group) could be notified over the weekend and start exchanges Mon. 20 July. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System.   Mass Arrests: On Mon. 7 July 2026 Operation Military Cleanse was activated:  847 Pentagon officials detained  234 Generals and high-ranking officers arrested  678 Military operatives removed from active duty  4,000 Troops deployed across 19 states for domestic operations  50 States coordinated simultaneously Charged With:  Treason against the United States  Coordination with foreign adversaries  Conspiracy to overthrow the government  Crimes against Humanity  Violation of Military Code of Justice What We Think We Know as of Sat. 18 July 2026:   Med Beds Thurs. 16 July 2026 BREAKING: TRUMP JUST SIGNED EXECUTIVE ORDER 2026-1947. MEDBED TECHNOLOGY DECLASSIFIED FOR CIVILIAN USE. THE PHARMACEUTICAL INDUSTRY HAS 90 DAYS. …Tier4b ISO 20022 on Telegram July 15, 2026. 04:00 AM EST. This was signed in silence. No press conference. No cameras. No media briefing. Executive Order 2026-1947: “Declassification and Civilian Deployment of Electromagnetic Regeneration Technology.” THE ORDER STATES:  All frequency-based healing technology currently classified under Department of Defense medical programs is hereby declassified for civilian research and deployment.  The FDA is prohibited from blocking, delaying, or interfering with the distribution of electromagnetic regeneration devices to the American public.  Pharmaceutical companies have 90 days to disclose all suppressed clinical trials involving frequency-based treatments — or face criminal prosecution under 18 U.S.C. § 1001.  Military medical facilities currently operating regeneration technology will begin civilian intake within 120 days. THE PANIC: Pfizer stock dropped 14% in pre-market trading. Johnson & Johnson emergency board meeting called at 5:00 AM. Moderna CEO sold $47 million in personal shares before market open. They KNEW this was coming. They tried to sell before the collapse. WHY NOW?: Trump's medical advisors presented him with a 3,400-page classified report documenting 61 years of suppressed frequency healing research. The report contained: — 847 successful clinical trials hidden from the public — 12,000+ patients fully cured of terminal conditions using electromagnetic frequency — Cost analysis showing MedBed treatment at $0.003 per session vs. $150,000 average cancer treatment Trump read the cost analysis. Then he signed the order. THE TIMELINE:  Day 1-30: Full declassification of all research documents  Day 31-60: FDA forced to approve frequency-based devices  Day 61-90: Pharmaceutical disclosure deadline (criminal penalties)  Day 91-120: First civilian MedBed centers open in 12 states THE DEEP STATE RESPONSE: They are already trying to k--l this. Three major media outlets received calls from pharmaceutical lobbyists at 5:30 AM demanding they do NOT report on EO 2026-1947. CNN has been silent. NBC has been silent. ABC has been silent. Their silence IS the confirmation. If this order was fake, they would be laughing at it on every channel. Instead — total blackout. Total silence. Total panic. THE TRUTH: The pharmaceutical industry just received its death sentence. 90 days. That's all they have left. After that, the technology that cures cancer in 42 minutes will be available to every American citizen. They had 61 years of profit. 61 years of human suffering. 61 years of suppression. It ends now. Fri. 17 July 2026 Fox News: MAJOR PUSH ON CAPITOL HILL: WAR ON FRAUD RAMPING UP, BILLIONS STOLEN FROM TAXPAYERS Social media investigator Nick Shirley testified today exposing rampant fraud — from Somali day care scandals in Minnesota to massive Medicaid scams in NYC with Dr. Oz. DOJ milestone: Trade Fraud Task Force hit over $1 BILLION in recoveries in under a year. Dr. Oz & others highlighting adult day care mills, fake billing, durable medical equipment scams (twice as many in parts of Florida as McDonald's), and personal care services as NYC's top “job.” This isn't red or blue, it's right vs. wrong. Hardworking taxpayers are getting robbed. Every dollar stolen is one less for real Americans. Restored Republic via a GCR Update as of Sun. 19 July 2026 by Judy Byington, On Sat. 4 July the Constitutional Republic Restored, While US Inc. Dissolved On Thurs. 16 July the Quantum Financial System Went Live Worldwide Also on Thurs. 16 July President Trump signed Executive Order 2026-1947 – a Declaration That Med Bed Technology Had Been Released to the Public. Global Martial Law Was Not Only The Only Way, But Was On It's Way The Republic of United States of America Was Being Restored Trust The Plan Save The Children _____________________________________________________ Judy Note: The Constitutional Republic has been restored. The Global Currency Reset to gold/asset-backed currency of 209 nations has been released. Med Bed technology – giving the body the ability to heal itself – was being released. The Illuminati Cabal, who for centuries had been working towards having complete control over our society, didn't like those ideas, and was fighting back big time. Trust The Plan. “On Sat. Evening 18 July 2026 the White House in Washington DC turned all red, signifying Mass Arrests were in motion.” …Q “In the coming hours, the World as we see it will be changed forever as Michael Jackson emerges on the Emergency Broadcast System – alive and ready to speak. It's time for the whole World to know the truth.” …Emergency Broadcast System on Telegram “The US Army Special Forces raided a hidden Obama property in the Virginia countryside, where they discovered “The Lucifer Codex.” The files proved that Obama was the high priest who personally opened the main hell portal under Washington DC in 2009.” …Martial Law on Telegram Temporary Martial Law has been raised to maximum alert nationwide. The EBS is preparing to release the first decoded pages within hours.   Prepare for ten days of communication darkness. We are in a silent war – the final battle of the planet. In the next couple of weeks the World will change and tremble. One of the most dramatic changes: Free Med Bed Treatments will soon be available to the general public across the Globe. The non invasive treatments, which generally take under an hour, use certain wave lengths to help the body heal itself. Since 2019 the American Medical Association has been actively fighting against allowing the public to have the healing treatments, saying they will create a financial crisis to the healthcare industry and force a complete overhaul of our medical, health insurance and pharmaceutical companies. In 2019 the American Medical Association (WHO) sent an internal email to every licensed physician in America – 847,000 doctors: The email acknowledged the positive effects of Electromagnetic therapy (Med Beds), but threatened the doctors with loss of license and criminal prosecution if they used it because of the financial affects it would have on the medical, insurance and pharmaceutical industries. The Email: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement: The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures. Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” The bottom line was that your doctor knew that frequency heals, that the MedBed principle was scientifically valid, that most of what he prescribed managed symptoms, not cured disease. He cannot tell you because his license would be revoked and he would face criminal liability by the American Medical Association. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to the documented clinical effectiveness of electromagnetic frequency therapy on human disease (Med Beds). The deletion happened 14 hours after President Trump signed Executive Order 2026-1947 – a declaration that Med Bed Technology was now released to the public.The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. On a brighter side: “A senior Treasury Department official claims that the Quantum Financial System was live and the Global Currency Reset was happening now. Everything you know about money is about to change forever.” …Tier4b ISO20022 on Telegram The senior US Treasury official contacted us 48 hours ago through a secure channel. Her identity verified by six independent financial intelligence sources. She worked in Treasury's Special Financial Operations Division 2008-2026. She calls it “The Awakening.” Her words. Unedited: “July 4, 2026. U.S. Corporation dissolved. Constitutional Republic restored.” “July 16, QFS went live globally. Every major bank connected. Old system dead.” “GCR happening now. Every currency revalued. Gold-backed. Transparent.” “NESARA/GESARA implemented across 209 countries. Debt jubilee. End of Fed.” “Saint Germain Trust ($890 trillion) is being activated. Going to the people.” “I have the activation codes. I have the account numbers. I have the proof that this is happening right now. In 18 years, I witnessed:”  The QFS development from concept to deployment  209 countries signing onto NESARA/GESARA  The Saint Germain Trust verification ($890 trillion)  The U.S. Corporation dissolution documents  The Constitutional Republic restoration protocols “Trillions stolen by Fed. People enslaved by debt. We had the solution. I couldn't sleep. For 18 years.” WHY SHE'S TALKING NOW: “Activation complete. If I speak, people understand what's happening. I have 18 years of documentation. QFS architecture. Proof old system finished.” “The banks will announce the revaluation. The media will call it a crisis. It's not a crisis. It's liberation. I am ready to testify. Under oath. Before Congress. Before the world.” HER FINAL MESSAGE: “To every person who lost their home to the Federal Reserve: Your debt is forgiven. Your home is yours. The jubilee is here.” “To every person who worked their entire life for money that's about to be worthless: You will be compensated. The Saint Germain Trust is for you.” “To the Federal Reserve leadership: Your time is finished. The QFS is live. You cannot stop it anymore.”   OPERATION FINANCIAL FREEDOM ✓ ACTIVATED PHASE 1: QFS Activation ✓ LIVE (July 16) PHASE 2: Currency Revaluation ⟳ JULY 25 – AUGUST 8 PHASE 3: Wealth Distribution ⟳ AUGUST 15 – SEPTEMBER 30 PHASE 4: New Economy ⟳ OCTOBER 1 The Quantum Financial System is live. The Global Currency Reset is happening. NESARA/GESARA is being implemented. The old system is dead. The new system is born. The people are being liberated. Trump knows. The military knows. The intelligence agencies know. They are protecting the transition. PREPARE FOR ABUNDANCE. PREPARE FOR FREEDOM. PREPARE FOR THE NEW EARTH. The financial reset is here. The Tier 4B activation is complete. Everything changes now. Right now Military Forces are positioning for activation of the EBS. Systems are being readied, Global shutdown protocols are in motion. The Blackout is nearing. Disclosures are on the horizon. Large scale arrest Since 2007 the US Military has been using Red Light Therapy (Med Beds) to extend the operational lifespan of it's soldiers. There were discovered to be thousands of pages of foreign IP address sending and receiving data to election precincts and servers outside the United States during the 2020 Election. CISA, DHS, the FBI, and the CIA knew all about it because they were in on it. The Deep State rot runs deep, but not for much longer. The Mar-a-Lago unredacted search warrant CONFIRMS that the Biden DOJ, FBI, and GSA engineered and manufactured the plot to frame Donald J. Trump! On Thurs. 16 July 2026 the U.S. military went deep into Iran and expanded operations. Bridges and supply routes were no more. Airports went up in smoke. Infrastructure vaporized. The IRGC was being wiped out. The goal was to destroy Iran's infrastructure and its military capability would collapse. When its military broke, its regime would fall. The old world of Iranian tyranny was dead. The New World of American dominion begins. The oil runs freely. The cash was rolling in. Peace comes. …Nesara Gesara QFS on Telegram. The CIA knew about cures for cancer 50 years ago. …Nesara Gesara on Telegram Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC A nurse from one of America's hardest-hit C---D hospitals in NYC described gross medical mismanagement where clueless healthcare workers were straight-up k-----g patients. Survival wasn't about medicine — it was about whether your caregiver actually knew what they were doing. Medicare paid hospitals MORE when patients died. The system incentivized death over life.   Possible Timing: “On Sat. 18 July 2026 at 3:17 AM EST the RV/GCR exploded – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the Cabal's Federal Reserve Note collapses in real time.” …Dr. Jim Willie Patriot Truth Archive on Telegram Global Currency Reset: Sat. 18 July 2026 The dollar is dead, the reset is here, and the traitors are about to lose everything. …Patriot Truth Archive on Telegram Dr. Jim Willie just went nuclear: the United States Corporation is bankrupt, the fiat dollar has been deliberately crashed by white hats, and the quantum financial system flipped live overnight. The RV/GCR exploded at 3:17 AM EST today Sat. 18 July 2026 – Iraq, Vietnam, Zimbabwe, all revalued sky-high while the cabal's Federal Reserve Note collapses in real time. Willie laid it out raw: The BRICS nations, led by Trump's secret alliance with Putin and Xi, just pulled the trigger. Over 209 countries locked into gold-backed currencies, the SWIFT system is offline forever, and the Rothschild central banks are being seized as we speak. NESARA/GESARA fully activated – all bank debt, mortgages, credit cards, student loans WIPED OUT starting tomorrow morning. Redemption centers on full lockdown, military guarding Tier 4B notifications going out within hours. The real bombshell? GITMO executions began at dawn – top bankers, Fed chairs, and deep state money launderers hanged for treason after the gold standard was restored. Med Beds rolling out next week, suppressed energy tech released, and the biggest wealth transfer in human history is hitting patriot accounts first. Trillions in restitution flowing to those who held the line and printed fake money. America is being shaken awake – power outages are tactical, internet blackouts cover the arrests, and the EBS is primed for the 10 Days of Darkness starting any moment. The storm isn't coming – it's here. The fake Biden corpse regime ends this week, Trump sworn in on the real Constitution, and the Republic rises from the ashes of their burned-out corporation. Anons, this is the moment we bled for. The dollar dies so we can live free. The evil empire of debt slavery is over. They stole our wealth for 150 years – now we take it all back with interest. The Hat is dropping truth like napalm: the shock is just beginning, and the cabal is screaming as their money turns to dust. Get ready for the greatest week in history. Notifications any second. Redemption appointments flood in. The Golden Age starts NOW. The shaking isn't destruction – it's liberation. Nothing can stop what's coming. Patriots are about to be richer than kings while the wicked burn. NCSWIC. Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only redeem Zim at a RC, the Dinar Contract Rate can only be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different roll in the Global Financial System. What We Think We Know as of Sun. 19 July 2026: Sat. 18 July 2026 Fox News: Nick Shirley just went on national television and dropped this revelation: The Chinese and Korean Mafia is LOOTING MEDICAID and running a kickback scheme in NYC “In Queens, adult day cares [have] pharmacies set up, it's this big racket where they BILL all these people with medical beneficiary numbers from seniors in the adult day cares. They make so much money from Medicaid, THEY GIVE KICKBACKS to the seniors.” “So you have these Korean and Chinese mafias, quite literally, looting the government from Medicaid, and then giving the kickbacks to the seniors!”   INGRAHAM: “So wait, the old people get the money themselves?” SHIRLEY: “Well, they make so much money, these pharmacies and these little day cares, that they then have a referral program set up for these seniors. So it's like bringing a friend will give you a hundred bucks.” Med Beds Sat. 18 July 2026 YOUR DOCTOR KNOWS. HE WAS TOLD TO STAY QUIET. HERE'S THE EMAIL THAT PROVES IT. …Tier4b ISO20022 In 2019, an internal email was sent to every licensed physician in the American Medical Association network. 847,000 doctors received it. The subject line read: “Updated Clinical Guidelines: Non-Pharmaceutical Electromagnetic Interventions — Position Statement” The email contained one directive: “Any physician who recommends, prescribes, endorses, or refers patients to electromagnetic frequency-based therapy will face immediate license revocation, removal from insurance networks, and potential criminal liability under state medical practice statutes.” Your doctor read that email. And then he looked you in the eye and said: “There's nothing else we can do.” THE EMAIL WAS NOT ABOUT SAFETY. Buried in paragraph 14 — the paragraph no one reads — was this sentence: “The AMA acknowledges that peer-reviewed evidence supports the biological efficacy of PEMF therapy in tissue regeneration, pain management, and immune modulation. However, widespread adoption would destabilize existing treatment revenue models and insurance reimbursement structures.” Read that again. Slowly. They ACKNOWLEDGED it works. Then they BANNED doctors from using it. Not because it's dangerous. Because it's too effective. WHAT YOUR DOCTOR ACTUALLY KNOWS: Every physician trained after 2005 was taught — in medical school — that:  Cells respond to electromagnetic stimulation (this is in every biophysics textbook)  PEMF accelerates bone healing (FDA approved since 1979 for fractures)  Transcranial magnetic stimulation treats depression (FDA approved 2008)  Electrical stimulation regenerates nerve tissue (published in Nature, 2019) They ALREADY know frequency heals. They use it in narrow, controlled applications where pharmaceutical profits aren't threatened. But the moment you ask: “If magnets can heal my bones, can they heal my cancer?” Your doctor goes silent. Changes the subject. Writes another prescription. Because he read the email. And he chose his license over your life.   THE DOCTORS WHO REFUSED TO STAY QUIET: Dr. Jerry Tennant — Published “Healing is Voltage.” Proved that every disease correlates with a measurable voltage drop in affected tissue. Restore the voltage, cure the disease. His medical license was “reviewed” three times. Dr. Dietrich Klinghardt — Documented frequency therapy curing Lyme disease in 85% of patients. Lost hospital privileges at two institutions. Dr. Thomas Lodi — Achieved 90%+ cancer remission using integrative frequency protocols. Forced to relocate his practice to Mexico. Dr. Lee Merritt — Spoke publicly about suppressed electromagnetic healing. Removed from every medical board she served on. They didn't lose their careers because they were wrong. They lost their careers because they were RIGHT — and they refused to be silent. THE MATH OF SILENCE: Average doctor salary: $350,000/year Average medical school debt: $241,000 Years to pay off debt: 13 years Cost of losing license: Everything They designed a system where speaking the truth costs a doctor their entire life's investment. 13 years of training. $241,000 in debt. Their home. Their family's security. The AMA didn't just threaten doctors. They built a financial prison that makes silence the only rational choice. Your doctor is not evil. He is trapped. But YOU are not trapped. You don't have a license to lose. You don't have $241,000 in debt holding you hostage. You have nothing to lose by knowing the truth. THE TRUTH: Your doctor knows that frequency heals, that the MedBed principle is scientifically valid, that most of what he prescribes manages symptoms, not cures disease. He cannot tell you. The email made sure of that. 847,000 doctors received one email. 847,000 doctors chose silence. The email has been leaked. The silence is over. Your doctor knew. Now you know too. On Thurs. 16 July 2026 at 03:17 am Geneva time the World Health Organization deleted over 14,000 pages from their database – all related to frequency healing. …EBS activated with Trump on Telegram A digital forensics team monitoring the World Health Organization's public research database flagged a mass deletion event. 14,247 pages of archived research — removed in a single batch operation. Every deleted file had one thing in common: They documented the clinical effectiveness of electromagnetic frequency therapy on human disease. THE DELETED FILES INCLUDED:  1,847 peer-reviewed studies on PEMF (Pulsed Electromagnetic Field) therapy showing 70-94% efficacy in tissue regeneration  3,200 pages of WHO internal memos from 1998-2015 discussing “the frequency problem” — their own term for the threat that non-pharmaceutical healing posed to global health economics  6,400 pages of clinical trial data from 11 countries showing frequency-based cancer remission rates between 67-89%  2,800 pages of correspondence between WHO directors and pharmaceutical executives discussing “containment strategies” for frequency healing research HOW WE KNOW: The Wayback Machine captured snapshots of 4,100 of these pages before deletion. Digital forensics teams archived another 7,300 through automated scraping protocols that were triggered by the mass deletion event. They deleted 14,247 pages. We recovered 11,400. They failed. WHAT THE MEMOS REVEAL: A 2003 internal WHO memo — now recovered — contains this exact sentence: “If electromagnetic frequency therapy achieves mainstream clinical adoption, the global pharmaceutical revenue model becomes unsustainable within 18-24 months. Containment is not optional. It is existential.” Signed by three WHO department heads. Names redacted in the original. Digital forensics has identified two of the three. A 2011 memo is more direct: “Recommend classification of all PEMF efficacy data as ‘inconclusive' regardless of outcome metrics. Peer review panels must be briefed accordingly.” They didn't suppress the research because it didn't work. They suppressed it because it worked TOO WELL. WHY NOW: The deletion happened 14 hours after Executive Order 2026-1947 was signed – Trump's declaration that Med Bed Technology was released to the public. This is not coincidence. This is panic. The WHO knows that once MedBed technology enters civilian deployment, every document they ever buried becomes evidence of a crime against humanity. They are destroying evidence. In real time. Right now. But the internet never forgets. And neither do we. THE NUMBERS THEY TRIED TO ERASE: — Breast cancer: 78% complete remission using 10.5 Hz PEMF (WHO Study WH-2007-4491, now deleted) — Type 2 diabetes: 64% reversal using 7.83 Hz exposure, 30 min/day for 90 days (WHO Study WH-2012-8823, now deleted) — Alzheimer's: 41% cognitive restoration using Gamma frequency 40 Hz stimulation (WHO Study WH-2014-1157, now deleted) — Chronic pain: 91% elimination using Alpha frequency 10 Hz (WHO Study WH-2009-3340, now deleted) These are not alternative medicine claims. These are the WHO's OWN studies. Conducted with their own funding. Showing their own results. And they just tried to delete them from existence. THE QUESTION: If frequency healing doesn't work — why delete 14,000 pages at 3AM? If MedBeds are “conspiracy” — why panic after a presidential executive order? If electromagnetic therapy is “pseudoscience” — why did the WHO spend 17 years studying it and then HIDE the results? Their actions are the confession. The deletion IS the proof. They spent 20 years hiding the cure in their own database. Then they tried to burn the database. The fire came too late. We already have the files. Share this. The evidence is secured. The deletion failed. Sat. 18 July 2026 BREAKING: JAPAN JUST BECAME THE FIRST COUNTRY TO OFFICIALLY APPROVE MEDBED TECHNOLOGY FOR PUBLIC HOSPITALS. THE MEDIA BLACKOUT IS TOTAL. …Tier4b ISO20022 on Telegram July 17, 2026. Tokyo, Japan. The Japanese Ministry of Health, Labour and Welfare just issued Directive MHLW-2026-7714: “Authorization of Electromagnetic Frequency Regeneration Devices for Clinical Deployment in National Healthcare Facilities.” This is not a trial. This is not a study. This is FULL APPROVAL. Starting September 1, 2026, electromagnetic frequency regeneration chambers will be installed in 340 national hospitals across Japan.   [Incomplete text due to character limit. Please see UBM website for links and full text]

Rachel Willis Gutierrez and Duncan Innes-Ker discuss how El Niño acts as a risk amplifier for weaker sovereigns, intensifying pressures on growth, inflation, public finances, and trade. Listen now to this episode.

Sabin Saveluc and Redmond Ramsdale explore the resilience of GCC banks amid the US-Iran conflict and ceasefire, discussing sector outlook, rating actions, asset quality, funding, liquidity, and sovereign support packages shaping the Middle East banking sector.

Ed Parker and Charles Seville outline Fitch's updated Global Economic Outlook, covering how the impact of the US‑Iran war and resulting oil shock are driving growth and inflation forecast revisions, along with the impact of ongoing AI investment.

"Who's the founder of gold? We don't know." Adam Back explains why Bitcoin's missing founder is a feature, not a bug and why he thinks we may never learn who Satoshi really is. Along the way, the Blockstream CEO covers Bitcoin treasury companies, neobanks like River, and the incentive structure pulling individuals, companies, and governments toward Bitcoin. Use code BM10 to get 10% off Bitcoin 2027 Conference in Nashville: https://2027.b.tc

Sabrin Chowdhury from BMI speaks on China's dominance in global rare earths and implications on geopolitics and prices.(00:00) - Introduction of Sabrin and her rare earths coverage (01:27) - Why China dominates global rare earths supply chain (03:31) - China's dependence on Myanmar for heavy rare earth feedstock (05:17) - Western economies' supply chain diversification strategies (09:00) - Potential credible alternatives to China (10:09) - Obstacles to Western countries' diversification push (11:20) - China's tightened grip and impact on prices (13:05) - Indicators to watch on evolving trends

New Zealand's international credit rating has hit a tipping point, and economists have raised concerns. Back in March, Fitch Ratings placed New Zealand's AA+ long-term credit rating on a 'negative outlook', downgraded from 'stable'. Moody's later followed suit, claiming the global economic and political uncertainty presented downside risks to growth. Fitch's Head of Asia-Pacific Sovereigns, Thomas Rookmaaker, says this was driven by a number of factors, including the Middle East conflict and Government debt. LISTEN ABOVESee omnystudio.com/listener for privacy information.

New Zealand's international credit rating has hit a tipping point, and economists have raised concerns. Back in March, Fitch Ratings placed New Zealand's AA+ long-term credit rating on a 'negative outlook', downgraded from 'stable'. Moody's later followed suit, claiming the global economic and political uncertainty presented downside risks to growth. Fitch's Head of Asia-Pacific Sovereigns, Thomas Rookmaaker, says this was driven by a number of factors, including the Middle East conflict and Government debt. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Hungary's April elections delivered a decisive victory for the opposition Tisza party, reshaping the country's political landscape and outlook for policy reform. In this episode of Fixed Interests, Erich Arispe Morales, Head of Eastern Europe Sovereigns, speaks with Malgorzata Krzywicka, Hungary's primary analyst, about the election outcome and its implications for the country's sovereign credit profile. The discussion places Hungary within the context of broader Central and Eastern Europe election cycles, examining how political change has influenced fiscal policy, EU relations, growth prospects, and rating trajectories across the region. Related resources:Caucasus Sovereigns Face Policy Challenges due to Effects of Iran WarHungary's New Government Faces Macroeconomic, Fiscal Challenges 

A temporary truce between the US and Iran is contingent on the reopening of the Strait of Hormuz, but disruptions to global supply chains, energy markets, oil prices and various sectors are still risks to credit quality.    In our latest episode of Credit Currents, taped hours before the news broke, we discuss the ways geopolitical shocks ripple through sectors, whether there could be an impact on issuer ratings or outlooks, and why some sectors like defense are less affected.   Host: Chandra Ghosal, Vice President, Senior Credit Officer, Moody's Ratings   Guest: Nick Hill, Global Head of Credit Strategy and Guidance, Moody's Ratings    Related Research:  Geopolitical risk – Global – Prolonged disruption in the Middle East would have global credit implications 26 March 2026 Corporate default rate would likely rise if Middle East conflict is prolonged 26 March 2026 Sovereigns – Global: Middle East shock will test sovereigns with limited credit buffers 8 April 2026 © 2026 Moody's Corporation and/or its licensors and affiliates. All rights reserved. Go to www.moodys.com/pages/globaldisclaimer.aspx for complete legal terms and conditions governing use of Moody's information made available in this video. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AI‑driven investment in data centers, compute capacity, and supporting infrastructure continues apace, raising important questions about future monetization and credit sustainability. In this episode of Fixed Interests, Justin Patrie, Head of Credit Commentary and Research, is joined by Alen Lin, Senior Director in Corporate Ratings, and Alex Bumazhny, Group Credit Officer, to examine recent developments around AI's credit implications. The episode looks at whether current data center and compute capex is supported by future revenue potential, how value and cash flows may evolve across the AI value chain, and where overinvestment and disruption risks may emergeRelated resources: AI-Related Risks Rising for Software, Media, and Services CorporatesAI Revenue Potential Could Support Current Investment ScaleUS Public Power Planning Key to Absorbing Data Center Load Growth 

This episode explores China's economic linkages with Latin America (LatAm), with Fitch Ratings' Todd Martinez and Janice Chong, and the implications of the resurgence of the US “Monroe Doctrine” on these economic ties and for Chinese corporates.(00:00) - Introduction (01:44) - Overview of China's Economic Ties with LatAm (05:34) - Outlook for the LatAm-China Trade Relationship (09:05) - LatAm's Response to Surging Chinese Imports (12:53) - Risks to Chinese Corporates from Tariffs (13:52) - Chinese FDI into LatAm (16:55) - Key FDI Sectors for Chinese Firms in LatAm (18:42) - Geopolitical Risks to Chinese Firms' LatAm Investments (20:10) - Opportunities and Risks for LatAm from US-China Competition (23:37) - Conclusion

Richard Hunter and Duncan Innes-Ker discuss how the Middle East crisis is affecting sovereign ratings and the macro-outlook. Impacts are contained so far, and much geopolitical risk is already built into ratings and headroom.

This episode, we talk about two monumental projects that were started in this reign.  One was the historiographical project that likely led to the creation of the Kojiki and the Nihon Shoki.  And then there was the start of the first permanent capital city:  the Fujiwara Capital. Listen to the episode and find more on our website:  https://sengokudaimyo.com/podcast/episode-143   Rough Transcript   Welcome to Sengoku Daimyo's Chronicles of Japan.  My name is Joshua and this is Episode 143: Temmu's Monumental Projects     Ohoama sat astride his horse and looked out at the land in front of him.   He could still see the image of the rice fields, now long fallow, spreading out on the plain.  To the north, east, and west, he could see the mountains that would frame his vision.  As his ministers started to rattle off information about the next steps of the plan, Ohoama began to smile.  He thought of the reports his embassies to the Great Tang had brought back, about the great walled cities of the continent.  In his mind's eye, Ohoama envisioned something similar, rising up on the plain in front of him. There would be an earth and stone wall, surrounding the great city.  The gates would be grand, much like the temples, but on an even greater scale.  Houses would be packed in tight, each within their own walled compounds.  In the center painted red and white, with green accents, would be a palace to rival any other structure in the archipelago.  The people would stream in, and the city would be bustling with traffic. This was a new center, from which the power of Yamato would be projected across the islands and even to the continent.   Greetings everyone, and welcome back.  This episode we are still focused on the reign of Ohoama, aka Temmu Tennou, between the years 672 and 686. Last episode we talked about the Four Great Temples—or the Four National Temples.  Much of this episode was focused on the rise and spread of Buddhism as we see in the building of these national temples, but also on the changes that occurred as the relationship between Buddhism and the State evolved.  This was part of Ohoama's work to build up the State into something beyond what it had been in the past—or perhaps into something comparable to what they believed it to have been in the past.  After all, based on the size of the tomb mounds in the kofun period, it does seem that there was a peak of prosperity in the 5th century, around the time of Wakatakeru, aka Yuryaku Tennou, and then a decline, to the point that the lineage from Wohodo, aka Keitai Tennou, seemed to have come in during a time when they were rebuilding Yamato power and authority. This episode we are going to talk about two projects that Ohoama kicked off during his reign.  He wouldn't see the completion of either one, since both took multiple decades to complete, but both focused on linking the past and the future.  The first we'll talk about is a new attempt to gather historical documents and records—the last time that was done was in the time of Kashikiya Hime, over 50 years ago.  That was during the height of Soga power.  Since then a lot had changed, and presumably there were even more stories and records that had been written down.  Plus the tide had changed.  So they needed to update—and maybe even correct—the historical record. But beyond that, there was a greater goal: Ohoama and his court also needed to make sure that the past was something that they wanted to go back to, among other things. The other thing we are going to discuss is the start of a project to build a brand new capital city.  And when we talk a bout city, we really mean a city.  This was a massive undertaking, likely unlike anything that we've seen so far.  Sure, there had been monumental building projects, but this was something that was going to take a lot more work - how much more monumental could you get than a new city?  And it would create a physical environment that would be the embodiment of the new centralization of power and authority, and the new state that Ohoama was building, with his administration—and Yamato—at the center.   Let's start with the big ones.  First and foremost, we have the entry from the 17th day of the 3rd month of the 681.  Ohoama gave a decree from the Daigokuden to commit to writing a Chronicle of the sovereigns and various matters of high antiquity.  Bentley translates this as saying that they were to record and confirm the Teiki, which Aston translated as the Chronicle of the Sovereigns, and various accounts of ancient times.  This task was given out to a slew of individuals, including the Royal Princes Kawashima and Osakabe; the Princes Hirose, Takeda, Kuwada, and Mino; as well as Kamitsukenu no Kimi no Michichi, Imbe no Muraji no Kobito, Adzumi no Muraji no Inashiki, Naniwa no Muraji no Ohogata, Nakatomi no Muraji no Ohoshima, and Heguri no Omi no Kobito.  Ohoshima and Kobito were specifically chosen as the scribes for this effort.  We aren't told what work was started at this time.  Aston, in his translation of the Nihon Shoki, assumes that this is the start of the Kojiki.  Bentley notes that this is the first in a variety of records about gathering the various records, including gathering records from the various families, and eventually even records from the various provinces.  And I think we can see why.  Legitimizing a new state and a new way of doing things often means ensuring that you have control of the narrative.  Today, that often means doing what you can to control media and the stories that are in the national consciousness.  In Ohoama's day, I'd argue that narrative was more about the various written sources, and how they were presented.  After all, many of the rituals and evidence that we are looking at would rely on the past to understand the present.  The various family records would not only tell of how those families came to be, but would have important information about what else was going on, and how that was presented could determine whether something was going to be seen as auspicious, or otherwise.  Even without getting rid of those records, it would be important to have the official, State narrative conform to the Truth that the state was attempting to implement. Ultimately, there is no way to know, exactly, how everything happened.  If the Nihon Shoki had a preface, it has been lost.  The Kojiki, for its part, does have a preface, and it points to an origin in the reign of Ohoama—known as the sovereign of Kiyomihara.  In there we are told that the sovereign had a complaint—that the Teiki and Honji, that is the chronicles of the sovereigns and the various other stories and legends, that had been handed down by various houses had come to differ from the truth.  They said they had many falsehoods, which likely meant that they just didn't match the Truth that the State was trying to push.  Thus  they wanted to create a so-called "true" version to pass down. This task was given to 28 year old Hieda no Are.  It says they were intelligent and had an incredible memory.  They studied all of the sources, and the work continued beyond the reign of Ohoama.  Later, in 711 CE, during the reign of Abe, aka Genmei Tennou, Oho no Yasumaro was given the task of writing down everything that Hieda no Are had learned.  The astute amongst you may have noticed that this mentions none of the individuals mentioned in the Nihon Shoki.  Nor does the Nihon Shoki mention anything about Hieda no Are.  So was this a separate effort, or all part of the same thing?  Was Are using the materials collected by  the project? As you may recall, we left the Kojiki behind some time ago, since it formally ends with the reign of Kashikiya hime, aka Suiko Tennou, but realistically it ended with Wohodo, aka Keitai Tennou—after that point there are just lists of the various heirs.  As such, there is some speculation that this was originally built off of earlier histories, perhaps arranged during the Soga era. The general explanation for all of this is that Hieda no Are memorized the poems and stories, and then Yasumaro wrote them down.  Furthermore, though the language in the Kojiki does not express a particular gender, in the Edo period there was a theory that Hieda no Are was a woman, which is still a popular theory. Compare all of that to the Nihon Shoki.  Where the Kojiki was often light on details and ends with Suiko Tennou, the Nihon Shoki often includes different sources, specifically mentions some of them by name, and continues up through the year 697.  Furthermore, textual analysis of the Nihon Shoki suggests that it was a team effort, with multiple Chroniclers, and likely multiple teams of Chroniclers.   I have to admit, that sounds a lot more like the kind of thing that Ohoama was kicking off. We have an entry in the Shoku Nihongi, the work that follows the Nihon Shoki, that suggests 720 for the finished compilation of the Nihon Shoki.  So did it take from 681 to 720 to put together?  That is a really long project, with what were probably several generations of individuals working on it. Or should this be read in a broader sense?  Was this a historiographical project, as Bentley calls it, but one that did not, immediately, know the form it would take?  It isn't the first such project—we have histories of the royal lineage and other stories that were compiled previously—much of that attributed to Shotoku Taishi, but likely part of an earlier attempt by the court.  In fact, given that the Kojiki and Sendai Hongi both functionally end around the time of Kashikiya hime, that is probably because the official histories covered those periods.  Obviously, though, a lot had happened, and some of what was written might not fit the current narrative.  And so we see a project to gather and compile various sources.  While this project likely culminated in the projects of the Kojiki and the Nihon Shoki, I doubt that either work was necessarily part of the original vision.  Rather, it looks like the original vision was to collect what they could and then figure things out. It would have been after they started pulling the accounts together, reading them, and noticing the discrepancies that they would have needed to then edit them in such a way that they could tell a cohesive story.  That there are two separate compilations is definitely interesting.  I do suspect that Oho no Yasumaro was working from the efforts of Hieda no Are, either writing down something that had been largely captured in memory or perhaps finishing a project that Are had never completed.  The Nihon Shoki feels like it was a different set of teams, working together, but likely drawing from many of the same sources. And as to why we don't have the earlier sources?  I once heard it said that for books to be forgotten they didn't need to be banned—they just needed to fall out of circulation and no longer be copied anymore.  As new, presumably more detailed, works arose, it makes sense that older sources would not also be copied, as that information was presumably in the updated texts, and any information that wasn't brought over had been deemed counterfactual.  Even the Nihon Shoki risked falling into oblivion; the smaller and more digestible Kojiki was often more sought after.  The Kojiki generally presents a single story, and often uses characters phonetically, demonstrating how to read names and places.  And it just has a more story-like narrative to it.  The Nihon Shoki, comparatively, is dense, written in an old form of kanbun, often relying more on kanbun than on phonetic interpretations.  It was modeled on continental works, but as such it was never going to be as easy to read.  And so for a long time the Kojiki seems to have held pride of place for all but the most ardent scholars of history. Either way, I think that it is still fair to say that the record of 681 was key to the fact that we have this history, today, even if there was no way for Ohoama, at the time, to know just what form it would take. Another ambitious project that got started under Ohoama was the development of a new and permanent capital city. Up to this point we've talked about the various capitals of Yamato, but really it was more that we were talking about the palace compounds where the sovereign lived.  From the Makimuku Palace, where either Mimaki Iribiko or possibly even Himiko herself once held sway, to the latest palace, that of Kiyomihara, the sovereigns of Yamato were known by their palaces.  This is, in part, because for the longest time each successive sovereign would build a new palace after the previous sovereign passed away.  There are various reasons why this may have been the case, often connected to insular concepts of spiritual pollution brought on by the death of an individual, but also the practical consideration that the buildings, from what we can tell, were largely made of untreated wood.  That made them easier to erect, but also made them vulnerable to the elements, over time, and is probably one of the reasons that certain shrines, like the Shrine at Ise, similarly reconstitute themselves every 20 years or so. Furthermore, we talk about palaces, but we don't really talk about cities.  There were certainly large settlements—even going back to the Wei chronicles we see the mention of some 70 thousand households in the area of Yamateg.  It is likely that the Nara basin was filled with cultivated fields and many households.  Princes and noble households had their own compounds—remember that both Soga no Umako and Prince Umayado had compounds large enough that they could build temples on the compounds and have enough left over for their own palatial residences, as well.  However, these compounds were usually distributed in various areas, where those individuals presumably held some level of local control. It is unclear to me how exactly the early court functioned as far as housing individuals, and how often the court was "in session", as it were, with the noble houses.  Presumably they had local accommodations and weren't constantly traveling back and forth to the palace all the time.  We know that some houses sent individuals, men and women, to be palace attendants, even though they lived some distance away.  This was also likely a constraint on the Yamato court's influence in the early days. We do see the sovereign traveling, and various "temporary" palaces being provided.  I highly doubt that these were all built on the spot, and were likely conversions of existing residences, and similar lodging may have been available for elites when they traveled, though perhaps without such pomp and circumstance. What we don't really see in all of this, are anything resembling cities.  Now, the term "city" doesn't exactly have a single definition, but as I'm using it, I would note that we don't see large, permanent settlements of significant size that demonstrate the kind of larger civil planning that we would expect of such a settlement.  We certainly don't have cities in the way of the large settlements along the Yangzi and Yellow rivers. We talked some time back about the evolution of capital city layouts on the continent.  We mentioned that the early theoretical plan for a capital city was based on a square plan, itself divided into 9 square districts, with the central district constituting the palace.  This design works great on paper, but not so much in practice, especially with other considerations, such as the north-south orientation of most royal buildings.  And then there are geographic considerations.  In a place like Luoyang, this square concept was interrupted by the river and local topography.  Meanwhile, in Chang'an, they were able to attain a much more regular rectangular appearance.  Here, the court and the palace were placed in the center of the northernmost wall.  As such, most of the city was laid out to the south of the palace. In each case, however, these were large, planned cities with a grid of streets that defined the neighborhoods.  On each block were various private compounds, as well as the defined markets, temples, et cetera. The first possible attempt at anything like this may have been with the Toyosaki palace, in Naniwa.  There is some consideration that, given the size of the palace, there may have been streets and avenues that were built alongside it, with the intention of having a similar city layout.  If so, it isn't at all clear that it was ever implemented, and any evidence may have been destroyed by later construction on the site.  Then we have the Ohotsu palace, but that doesn't seem to be at the same scale as the Toyosaki palace—though it is possible that, again, we are missing some key evidence.  Nonetheless, the records don't really give us anything to suggest that these were large cities rather than just palaces. There is also the timeline.  While both the Toyosaki palace and the Ohotsu palace took years to build, they did not take the time and amount of manpower that would be needed to create a true capital city.  We can judge this based on what it took to build the new capital at Nihiki. This project gets kicked off in the 11th month of 676.  We are told that there was an intent to make the capital at Nihiki, so all of the rice-fields and gardens within the precincts, public and private property alike, were left fallow and became totally overgrown. This likely took some time.  The next time we see Nihiki is in the 3rd month of 682, when Prince Mino, a minister of the Household Department, and others, went there to examine the grounds.  At that point they apparently made the final decision to build the capital there.  Ohoama came out to visit later that same month. However, a year later, in the 12th month of 683, we are told that there was a decree for there to be multiple capitals and palaces in multiple sites, and they were going to make the Capital at Naniwa one of those places.  And so public functionaries were to go figure out places for houses.  So it wasn't just that they wanted to build one new, grand capital.  It sounds like they were planning to build two or three, so not just the one at Nihiki.  This is also where I have to wonder if the Toyosaki Palace was still being used as an administrative center, at the very least.  Or was it repurposed, as we saw that the Asuka palaces had been when the court moved to Ohotsu? This is further emphasized a few months later, when Prince Hirose and Ohotomo Yasumaro, at the head of a group of clerks, officials, artisans, and yin yang diviners were sent around the Home Provinces to try and divine sites suitable for a capital.  In addition, Prince Mino, Uneme no Oni no Tsukura, and others were sent to Shinano to see about setting up a capital there as well.  Perhaps this was inspired by the relationship between the two Tang capitals of Chang'an and Luoyang.  Or perhaps it was so that if one didn't work out another one might. Regardless, Nihiki seemed to be the primary target for this project, and in the third lunar month of 684 Ohoama visited the now barren grounds and decided on a place for the new palace.  A month later, Prince Mino and others returned with a map of Shinano, but there is no indication of where they might want to build another capital. After that, we don't hear anything more of Shinano or of a site in the Home Provinces.  We do hear one more thing about Naniwa, which we mentioned a couple of episodes back, and that is that in 686 there was a fire that burned down the palace at Naniwa, after which they seem to have abandoned that as a palace site.  And so we are left with the area of Nihiki. This project would take until the very end of 694 before it was ready.  In total, we are looking at a total of about 18 years—almost two decades, to build a new capital.  Some of this may have been the time spent researching other sites, but there also would have been significant time taken to clear and level.  This wasn't just fields—based on what we know, they were even taking down old kofun; we are later told about how they had to bury the bodies that were uncovered.  There was also probably a pause of some kind during the mourning period when Ohoama passed away.  And on top of it, this really was a big project.  It wasn't just building the palace, it was the roads, the infrastructure, and then all of the other construction—the city gates, the various private compounds, and more.  One can only imagine how much was being invested, especially if they were also looking at other sites and preparing them at the same time.  I suspect that they eventually abandoned the other sites when they realized just how big a project it really was that they were undertaking. Today we know that capital as Fujiwara-kyo, based on the name of the royal palace that was built there, and remarkably, we know where it was.  Excavations have revealed the site of the palace, and have given us an idea of the extent of the city:  It was designed as a square, roughly 5.3 kilometers, or 10 ri, on each side.  The square itself was interrupted by various terrain features, including the three holy mountains.  Based on archaeological evidence, the street grid was the first thing they laid out, and from what we can tell they were using the ideal Confucian layout as first dictated in the Zhouli, or Rites of Zhou.  This meant a square grid, with the palace in the center. Indeed, the palace was centered, due south of Mt. Miminashi, and you can still go and see the palace site, today.  When they went to build the palace, they actually had to effectively erase, or bury, the roads they had laid out.  They did the same thing for Yakushi-ji, or Yakushi-temple, when they built it as part of the city; one of the reasons we know it had to have been built after the roads were laid out.  We will definitely talk about this more when we get to that point of the Chronicles, but for now, know that the Fujiwara palace itself, based on excavations of the site, was massive.  The city itself would surpass both Heijo-kyo, at Nara, and Heian-kyo, in modern Kyoto.  And the palace was like the Toyosaki Naniwa palace on steroids.  It included all of the formal features of the Toyosaki Palace for running the government, but then enclosed that all in a larger compound with various buildings surrounding the court itself.  Overall, the entire site is massive.  This was meant as a capital to last for the ages. And yet, we have evidence that it was never completed.  For one thing, there is no evidence that a wall was ever erected around it—perhaps there was just no need, as relations with the mainland had calmed down, greatly.  But there is also evidence that parts of the palace, even, were not finished at the time that they abandoned it.  Fujiwara-kyo would only be occupied for about 16 years before a new capital was built—Heijo-kyo, in Nara.  There are various reasons as to why they abandoned what was clearly meant to be the first permanent capital city, and even with the move to a new city in Nara it would be clear that it was going to take the court a bit of time before they were ready to permanently settle down—at least a century or so. Based on all the evidence we have, and assuming this was the site of the eventual capital, Nihiki was the area of modern Kashihara just north of Asuka, between—and around—the mountains of Unebi, Miminashi, and Kagu.  If these mountains are familiar, they popped up several times much earlier in the Chronicles--Mostly in the Age of the Gods and in the reign of the mythical Iware-biko, aka Jimmu Tennou.  Yet these three mountains help to set out the boundaries of the capital city that was being built at this time. There is definitely some consideration that they were emphasized in the early parts  of the Chronicles—the mythical sections, which were bolstering the story of Amaterasu and the Heavenly Grandchild, setting up the founding myths for the dynasty.  Even though the Chronicles  were not completed until well after the court had moved out, the Fujiwara capital is the climax of the Nihon Shoki, which ends in 697, three years into life at the new palace.  And so we can assume that much of the early, critical editing of the Kojiki and Nihon Shoki were done with the idea that this would be the new capital, and so it was woven into the histories, and had it continued as the capital, the very landscape would have recalled the stories of the divine origins of the Royal family and the state of Yamato itself.  This was the stage on which Ohoama's state was built.  He, and his successors, didn't just change the future path of the Yamato government.  They rearranged the physical and temporal environment, creating a world that centered them and their government.  I suspect that Ohoama didn't originally consider that these wouldn't be finished during his reign.  That said, he came to power in his 40s, only slightly younger than his brother, who had just died.  He would live to be 56 years old—a respectable age for male sovereigns, around that time.  From a quick glance, Naka no Oe was about 45 or 46 years old, while Karu lived to about 57 or 58.  Tamura only made it to 48.  The female sovereigns seem to have lasted longer, with Ohoama's mother surviving until she was 66 or 67 years old, and Kashikiya Hime made it to the ripe old age of 74.  That said, it is quite likely that he thought he would make it longer.  After all, look at all the merit he was accruing!  Still, he passed away before he could see these projects fully accomplished.  That would have to be left for the next reign—and even that wasn't enough.  The Fujiwara Capital would only be occupied for a short time before being abandoned about two reigns later, and the histories as we know them wouldn't be complete for three more reigns.  So given all of this, let's take another quick look at Ohoama himself and where he stands at this pivotal moment of Yamato history.When we look at how he is portrayed, Ohoama is generally lionized for the work he is said to have accomplished.  I would argue that he is the last of three major figures to whom are attributed most of the changes that resulted in the sinification of the Yamato government.  The first is prince Umayado, aka Shotoku Taishi, who is said to have written the 17 article constitution, the first rank system, and the introduction of Buddhism.  To be fair, these things—which may not have been exactly as recorded in the Chronicles—were likely products of the court as a whole.  Many people attribute more to Kashikiya Hime, aka Suiko Tennou, as well as Soga no Umako.  Of course, Soga no Umako wasn't a sovereign, or even a member of the royal family, and Kashikiya Hime, aka Suiko Tennou, seems to have likewise been discounted, at least later, possibly due to the fact that she is thought to have come to power more as a compromise candidate than anything else—she was the wife of a previous sovereign and niece to Soga no Umako.  Many modern scholars seem to focus more on the agency of Kashikiya Hime and suggest that she had more say than people tend to give her credit for.  That said, Shotoku Taishi seems to have been the legendary figure that was just real enough to ascribe success to.  That he died before he could assume the throne just meant that he didn't have too many problematic decisions of his own to apparently work around. The next major figure seems to be Naka no Oe, aka Tenji Tennou.  Naka no Oe kicks off the period of Great Change, the Taika era, and is credited with a lot of the changes—though I can't help but notice that the formal sovereign, Naka no Oe's uncle, Karu, seems to have stuck with the new vision of the Toyosaki Palace and the administrative state while Naka no Oe and his mother moved back to the traditional capital.  And when Naka no Oe moved the capital to Ohotsu, he once again built a palace more closely aligned to what we see in Asuka than the one in Naniwa, which brings some questions about how the new court was operating.  But many of his reforms clearly were implemented, leveraging the new concepts of continental rulership to solidify the court's hegemony over the rest of the archipelago. Ohoama, as represented in the Chronicles, appears to be the culmination of these three.  He is building on top of what his brother had implemented through the last three reigns.  Some of what he did was consolidate what Naka no Oe had done, but there were also new creations, for which Ohoama is credited, even if most of the work was done outside of Ohoama's reign, but they were attributed to Ohoama, nonetheless.  Much of this was started later in Ohoama's reign, and even today there seem to be some questions about who did what.  Nonetheless, we can at least see how the Chroniclers were putting the story together. There are a lot of scholars that point to the fact that the bulk of the work of these projects would actually be laid out in the following reigns, and who suggest that individuals like the influential Uno no Sarara, who held the control of the government in Ohoama's final days, may have had a good deal more impact on how things turned out, ultimately.  In fact, they might even have been more properly termed her projects—there are some that wonder if some of the attributions to Ohoama were meant to bolster the authority of later decrees, but I don't really see a need for that, and it seems that there is enough evidence to suggest that these projects were begun in this period. All of this makes it somewhat ironic that by the time the narrative was consolidated and published to the court, things were in a much different place—literally.  The Fujiwara capital had been abandoned.  The court, temples, and the aristocracy had picked up stakes and moved north.  Fujiwara no Fuhito had come on the scene, and now his family was really taking off.  This was not the same world that the Chronicles had been designed around. And yet, that is what was produced.  Perhaps there is a reason that they ended where they did. From that point on, though, there were plenty of other projects to record what was happening.  Attempts to control the narrative would need to do a lot more.  We see things like the Sendai Kuji Hongi, with its alternative, and perhaps even subversive, focus on the Mononobe family.  And then later works like the Kogoshui, recording for all time the grievances of the Imbe against their rivals—for all the good that it would do.  With more people learning to write, it was no longer up to the State what did or did not get written down. But that has taken us well beyond the scope of this reign—and this episode, which we should probably be bringing to a close.  There are still some things here and there that I want to discuss about this reign—so the next episode may be more of a miscellany of various records that we haven't otherwise covered, so far.  Until then if you like what we are doing, please tell your friends and feel free to rate us wherever you listen to podcasts.  If you feel the need to do more, and want to help us keep this going, we have information about how you can donate on Patreon or through our KoFi site, ko-fi.com/sengokudaimyo, or find the links over at our main website,  SengokuDaimyo.com/Podcast, where we will have some more discussion on topics from this episode. Also, feel free to reach out to our Sengoku Daimyo Facebook page.  You can also email us at the.sengoku.daimyo@gmail.com.  Thank you, also, to Ellen for their work editing the podcast. And that's all for now.  Thank you again, and I'll see you next episode on Sengoku Daimyo's Chronicles of Japan.  

In this episode, we chat with Tim Foden, a partner at Boies Schiller Flexner, one of the most well-known and formidable litigation firms in the world. Tim has built a reputation for tackling complex, bet-the-company disputes and navigating some of the most challenging legal battles across industries. We'll explore Tim's path to Boies Schiller, what it takes to succeed in an elite litigation environment, and how lawyers think about strategy when the pressure is on and the consequences are real. We'll also talk about the evolving role of trial lawyers, lessons learned from major cases, and what young attorneys and even business leaders can take away from the way top litigators approach decision-making and risk. Whether you're a lawyer, a founder, or simply curious about how major legal battles are fought and won, this episode offers a rare inside look. KEY TAKEAWAYS Mining companies are increasingly recognising the importance of involving legal counsel early in the process, especially when facing potential disputes or changes in mining codes The mining industry is heavily influenced by geopolitics, with major international powers becoming more involved in the politics surrounding mining projects Companies often make critical errors, such as failing to document agreements properly or engaging in corrupt practices like bribery, which can jeopardise their legal claims in the future When investing in mining, especially in regions like Africa and South America, it's crucial to establish a holding structure that provides treaty protection BEST MOMENTS "If you take, for example, Mali, this is a perfect example. Mali enacts a new mining code in 2023, and everyone has these existing mineral development agreements that suggest they should be immune from any changes." "Junior mining companies are run by frontiersmen... The problem is sometimes they start to get into problems with the sovereign and all of a sudden, having done everything on their own, they think they know best in that arena too." "If you pay a bribe to get a license... you might really have deprived yourself of the opportunity to bring a claim down the road." "Sovereigns are increasingly putting diplomatic pressure on states to avoid the kinds of outcomes... to get more involved, to restore licenses." GUEST RESOURCES Tim LinkedIn: https://www.linkedin.com/in/timothy-l-foden-6a12496/ YouTube video of the cross-examination from day three of the Winshear Gold vs Tanzania hearing: https://www.youtube.com/watch?v=L9bX0yvyCas&list=PLTPAfLBOjfQJS8VymC4os9jvefqE7rMHO&index=5 VALUABLE RESOURCES Mail:        ⁠rob@mining-international.org⁠ LinkedIn: ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ X:              ⁠https://twitter.com/MiningRobTyson⁠  YouTube: ⁠https://www.youtube.com/c/DigDeepTheMiningPodcast⁠  Web:        ⁠http://www.mining-international.org⁠ CONTACT METHOD ⁠rob@mining-international.org⁠ ⁠https://www.linkedin.com/in/rob-tyson-3a26a68/⁠ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

Thomas Rookmaaker and Harry Hu evaluate recent youth‑led protests in several Asian countries, driven by concerns over governance, living costs and unemployment, and their implications for sovereign credit profiles and political transitions.

 A fireside chat on Fitch's 2026 credit outlook for China's sovereign, corporate, local government and banking sectors with Jeremy Zook, Ying Wang, Samuel Kwok and Grace Wu.(01:05) - Macro outlook (06:05) - Deteriorating China property outlook (06:58) - Neutral China LGFV outlook (09:52) - China banks' strategy amid deteriorating outlook (11:32) - Anti-involution campaign (13:41) - Local governments' spending (16:20) - China banks' asset quality (18:13) - China's sovereign rating headroom

Justin Patrie and Sarah Repucci unpack Fitch's Global Credit Outlook, highlighting resilient credit conditions, pressures in China and Canada, and key risks, including strain on lower‑income U.S. consumers, tariff volatility and geopolitical shocks.

Todd Martinez and Josh Grundleger discuss the US ouster of Nicolas Maduro, the revived Monroe Doctrine, and key risks for Latin America, including oil investment, debt restructuring, regional market reactions, and impacts on migration and tourism.

European fixed income has been 'normalising' over 2025. Inflation is stabilising, the European Central Bank has halted rates near neutral, spreads are tight but markets are steady. Yet political and fiscal divergences remain sharp within the European Union with Italian BTPs now regularly pricing through French OATs. The EU's rapid expansion as a AAA issuer is altering Europe's credit market structure and raising the prospect of a genuine euro safe asset. Conor Perry, economist at OMFIF's Economic and Monetary Policy Institute, is joined by Jeremy Cunningham, investment director at Capital Group, to examine these developments. They discuss OAT-BTP repricing, investor-base effects on yield sensitivity, the impact of unified EU issuance and the outlook for 2026.

Davis Sun, Senior Director at Fitch Ratings, provides a progress report on China's debt substitution plan and its impact on local government vehicles (LGFVs) and finances, as well as an outlook for 2026 and beyond.(00:23) - Introduction (01:50) - Recent LGFV Sector Developments (05:40) - Progress of the Debt Substitution Programme (09:45) - LGFV Financial Health Amid Debt Substitution (13:17) - Fiscal Impact of Debt Substitution on Local Governments (16:00) - Lingering LGFV Debt Risks (20:34) - Local Government Infrastructure Spending (22:53) - 2026 Local Government Fiscal Outlook (25:08) - Conclusion

Brian Coulton and Ed Parker discuss Fitch's Global Economic Outlook, reviewing where the world economy stands at the close of 2025 and key trends for 2026, from AI-driven investment and resilient U.S. equities to China's sharp investment slowdown.

Lyuba Petrova, Lyle Margolis and Justin Patrie examine bubble risks as equities surge, credit spreads tighten, private credit faces hidden vulnerabilities and AI investment accelerates, though valuations suggest buyers aren't overpaying.

Fitch analysts discuss intensifying competition between Meituan and Alibaba in China's food delivery and instant retail business.(00:22) - Introduction to instant retail in China (01:19) - Competitive landscape and on-going price war (02:54) - Meituan's strategy to defend market leadership (05:18) - Alibaba's challenges and opportunities (07:02) - Meituan's rating outlook change (09:38) - Alibaba's profitability and free cash flow (11:00) - How the price war could end

Shelly Shetty and Todd Martinez analyze Argentina's mid-term elections, what Milei's stronger legislative backing means for reforms, and the lingering risks around reserves and external liquidity.

James Longsdon, Head of Global Sovereigns and Supranationals, and Federico Barriga Salazar, Head of Western European Sovereign Ratings, discuss Western Europe's fiscal divergence, recent upgrades and downgrades, and Fitch's deficit outlook.

Justin Patrie, Head of Credit Commentary & Research, and Sarah Repucci, Senior Director, Credit Commentary & Research, discuss emerging challenges for the AI-fueled US data center boom, covering investment, rising costs, impact on utilities and more.

John is joined by Dennis Hranitzky, partner in Quinn Emanuel's Salt Lake City, New York, and London Offices, Head of the firm's Sovereign Litigation practice, and Co-Head of the firm's Global Asset Recovery Practice. They discuss various kinds of litigation, arbitration, and collection actions against sovereign states. They discuss collection cases against sovereign states resulting from those states' default on debt instruments, the challenges faced by creditors who hold out after most creditors agree to a debt restructuring arrangement with the sovereign, recent proposed legislation, and any other government actions favoring sovereigns, the current sovereign debt crisis, and concerns about opportunistic funds that seek profit by collecting on devalued sovereign debt. They also discuss investor-state arbitration generally, for example, after a company has invested in a project in a country and the country fundamentally changes the terms under which the investment was made, such as radically raising taxes as Spain did with respect to renewable energy projects after 2008. They discuss the position taken by the EU that EU courts cannot enforce arbitration awards against EU nations even when the nation entered voluntarily into an arbitration treaty, and recent indications that the United States government supports the position of the EU. Finally, they discuss litigation against sovereigns unrelated to sovereign debt, such as litigation against state sponsors of terrorism, including the lawsuit Quinn Emanuel recently filed against Iran on behalf of victims of the October 7, 2023, Hamas attacks. Podcast Link: Law-disrupted.fmHost: John B. Quinn Producer: Alexis HydeMusic and Editing by: Alexander Rossi

Paul Gamble, Head of Middle East and Africa (MEA) Sovereigns, and Cedric Berry, Director, MEA Sovereigns, discuss GCC efforts to diversify their economies beyond oil, and the varied pace of progress across the region.

Chris Clague, an Associate Fellow at the IISS and an independent advisor on trade and supply chains, discusses recent trends in China-ASEAN trade and investment flows, and how they may be affected by US President Trump's tariff policies.(00:00) - Introduction (02:04) - Overview of China/ASEAN trade and investment (06:26) - Transshipments (09:57) - Transshipment tariffs effect on China's investment (12:54) - China+1 strategy (14:58) - Top destinations and sectors for Chinese investment (17:35) - China's role in global supply chains (20:37) - How will ASEAN manage a surge in imports from China? (24:13) - Conclusion

Justin Patrie and Duncan Innes-Ker discuss how emerging market credits are faring this year amid slower global growth, geopolitical risks, and shifting U.S. policy - highlighting ratings resilience and modest positive momentum.

Nick Bostrom's simulation hypothesis suggests that we might be living in a simulation created by posthumans. His work on artificial intelligence and superintelligence challenges how entrepreneurs, scientists, and everyone else understand human existence and the future of work. In this episode, Nick shares how AI can transform innovation, entrepreneurship, and careers. He also discusses the rapid pace of AI development, its promise to radically improve our world, and the existential risks it poses to humanity. In this episode, Hala and Nick will discuss:  (00:00) Introduction (02:54) The Simulation Hypothesis, Posthumanism, and AI (11:48) Moral Implications of a Simulated Reality (22:28) Fermi Paradox and Doomsday Arguments (30:29) Is AI Humanity's Biggest Breakthrough? (38:26) Types of AI: Oracles, Genies, and Sovereigns (41:43) The Potential Dangers of Advanced AI (50:15) Artificial Intelligence and the Future of Work (57:25) Finding Purpose in an AI-Driven World (1:07:07) AI for Entrepreneurs and Innovators Nick Bostrom is a philosopher specializing in understanding AI in action, the advancement of superintelligent technologies, and their impact on humanity. For nearly 20 years, he served as the founding director of the Future of Humanity Institute at the University of Oxford. Nick is known for developing influential concepts such as the simulation argument and has authored over 200 publications, including the New York Times bestsellers Superintelligence and Deep Utopia. Sponsored By: Shopify - Start your $1/month trial at Shopify.com/profiting. Indeed - Get a $75 sponsored job credit to boost your job's visibility at Indeed.com/PROFITING Mercury - Streamline your banking and finances in one place. Learn more at mercury.com/profiting  OpenPhone - Get 20% off your first 6 months at OpenPhone.com/profiting. Bilt - Start paying rent through Bilt and take advantage of your Neighborhood Benefits by going to joinbilt.com/profiting. Airbnb - Find a co-host at airbnb.com/host Boulevard - Get 10% off your first year at joinblvd.com/profiting when you book a demo Resources Mentioned: Nick's Book, Superintelligence: bit.ly/_Superintelligence  Nick's Book, Deep Utopia: bit.ly/DeepUtopia  Nick's Website: nickbostrom.com  Active Deals - youngandprofiting.com/deals  Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new  Entrepreneurship, Entrepreneurship Podcast, Business, Business Podcast, Self Improvement, Self-Improvement, Personal Development, Starting a Business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side Hustle, Startup, Mental Health, Career, Leadership, Mindset, Health, Growth Mindset, ChatGPT, AI Marketing, Prompt, AI in Business, Generative AI, AI Podcast.

The later seventies were a time of change and promise.  Those that survived the contrived archaic revival of the 60s began an exploration of Medicine grounded in Natural Law, while others took advantage of entrepreneurial opportunities still available prior to the box-store invasion.  A populace ever vigilant against Corporate greed and war for profit also fostered an authentic "environmentalism" that would be usurped under the guise of "global warming" decades in the future. The spirit of the times inspired, yet again, a much smaller band of intrepid individuals who endeavored to reveal the roots of the larger societal concerns.  These were the iconic pioneers of the so-called "sovereignty" movement, and less-favorably misnomered by those who would dissuade such activity.  Dr. Lando was intimately involved within these early circles, as the veiled machinations of U.S. INC functioning as a proxy for the International Banking Cabal were first exposed.  Pre-internet, research was conducted in law libraries, accessing court documents and diving deep into Federal Reserve publications and the Uniform Commercial Code.  "En vivo" trial and error proved or disproved working theories, and it came at great risk, as many lost their freedom & financial well-being, and some their very lives. These are the origins of the modern-day "Sovereigns" , and the present generation is privy to the many refinements that have come since. Now more than ever, it is important to be grounded in the foundational principles that began this awareness, and avoid the pitfalls of the growing trend to emphasize process over substance. On this Alfacast, we are honored to host Clint Richardson, the author and producer of "THE UNITED STATES OF AMERICA, INC. The Corporation Nation", who has perhaps researched the substantive basis of how we as a "free people" willingly traded "rights for privileges".  Clint will lead us on an eye-opening journey through the fictional landscape of corporatized government and citizenship, the introduction of "dog latin" into society and how they cook the books in every publicized budget from municipal to federal as revealed in CAFR. While we've hosted a good number of prominent teachers with specialties in Equity, Land Patents and other formalized clarifications, Clint Richardson's work is seminal to the many process-oriented seminars presently available, so take advantage of Clint's encyclopedic knowledge on this very special episode and add your comments and questions on the livestream chat. Show links: https://www.privateunderground.club/ Learn The True Nature Of Dis-Ease & How Our Bodies Actually Work: https://alfavedic.com/themyth/ Join Our Private Community And Join In The Discussion: https://alfavedic.com/join-us/ Follow our new YT channel: / @offgridelegance Start healing yourself and loved ones with ozone! https://alfavedic.com/ozone Get our favorite blue blocker glasses! https://alfavedic.com/raoptics Learn how to express your law and uphold your rights as one of mankind. https://alfavedic.com/lawformankind Alfa Vedic is an off-grid agriculture & health co-op focused on developing products, media & educational platforms for the betterment of our world. By using advanced scientific methods, cutting-edge technologies and tools derived from the knowledge of the world's greatest minds, the AV community aims to be a model for the future we all want to see. Our comprehensive line of health products and nutrition is available on our website. Most products are hand mixed and formulated right on our off grid farm including our Immortality Teas which we grow on site. Find them all at https://alfavedic.com​​​​​​​​​​​​​​ Follow Alfa Vedic: https://linktr.ee/alfavedic Follow Mike Winner: https://linktr.ee/djmikewinner

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