Podcasts about us treasuries

The economy is not crashing. It is freezing. In this episode of The Higher Standard, Chris and Saied break down the Fed's Beige Book, a bifurcated consumer, sticky inflation, margin-squeezed businesses, and a labor market that has become low-hire, low-fire. Then the conversation turns to the real insanity: Treasury buybacks, Bitcoin liquidations, Ethereum weakness, gold replacing U.S. Treasuries as the world's top reserve asset, and SpaceX preparing for a historic IPO at a $1.77 trillion valuation. The question is simple: are we watching the next great technological leap forward, or the biggest liquidity-driven rug pull of all time?

Send us Fan Mail◆ Credit card ABS grows as securitization sets off for Barcelona ◆ What can scupper insurance tier two spree ◆ SSAs appear unwilling to test Treasury spread recordA deal from Vanquis Bank, a securitization of credit card receivables, is the latest deal in a revival of an asset class that has been morinund since the 2008 financial crisis. We examine why this market is making a comeback now and what makes it different this time. We also discuss our sister podcast, Another Fine Mezz's plans for a live show at next week's Global ABS event in Barcelona, which is the major industry gathering for the European securitization industry, and look ahead to the conference.Insurance companies have been on a spree of tier two issuance lately. We explain why and discuss why investors might be reaching their limit and what issuers can do about it.Finally, we return to a hot topic from last week's show — whether a public sector bond issuer can price a deal at a tighter yield than US Treasuries. It appears that there is some reticence among issuers to be the first, even though doing so would be a major milestone. We examine why that is and explain why it might still happen over the summer anyway.Now read on:Vanquis fuels bank-led credit card ABS comebackInsurer tier two parade begins to test investors' limitsOn the banks of the Rubicon: hopes for an SSA to price through Treasuries fadePricing an SSA through Treasuries would be a warning not a trophy

BUY GOLD & SILVER HERE: https://firstnationalbullion.com/schedule-consult/ Avoid CBDCs! HELP SUPPORT US AS WE DOCUMENT HISTORY HERE: https://gogetfunding.com/help-keep-wam-alive/# Josh Sigurdson talks with Mark Gonzales about the "flippening" of gold and treasuries as we see for the first time ever, gold making up a larger percentage of foreign reserves than US treasuries. The European Central Bank reported this week that gold has overtaken US treasuries internationally. Gold holdings are at 27% while US treasuries are at 22%. This is a sign of a massive shift away from the US hegemony system while at the same time a sign of a massive move towards gold and precious metals in general. In this video, Mark delves into what this actually means to treasuries, the US economy and of course gold and silver. Simultaneously we have once again word from President Trump that he wants a full physical audit of Fort Knox. This comes as multiple countries attempt to repatriate their gold. This includes France which interestingly was a major reason the US went off the gold standard in the 1970s into the fiat system. President Charles de Gaulle in 1969 demanded France's gold back. The US didn't actually have that gold. Nixon paid them back in debt during the transfer into the fiat system. Interesting to see such history rhyme in this way. It is highly unlikely Fort Knox has the gold they claim they do. This could lead to the market recognizing vast volumes of scarcity. What does all of this mean for you? We break this down in the video. Prepare yourselves! Stay tuned for more from WAM! GET 10% OFF ON SHILAJIT FROM DR. KAUFMAN WHEN YOU USE CODE WAM10 HERE: https://medauthentica.com/discount/WAM10?redirect=/products/authentica-shilajit%3Fsca_ref=10867124.wrNV3jkYSaMg9 GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE: https://heavensharvest.com/wam USE Code WAM to save 25% plus free shipping! USE Code WAM50 for 50% off on select items like the #10 cans & MRE packs! GET YOUR WAV WATCH HERE: https://buy.wavwatch.com/WAM Use Code WAM to save $100 and purchase amazing healing frequency technology! GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE: https://rncstore.com/r?id=bg8qc1 Use code JOSH to save money! Get Your SUPER-SUPPLIMENTS HERE: https://vni.life/wam Use Code WAM15 & Save 15%! Life changing formulas you can't find anywhere else! Get local, healthy, pasture raised meat delivered to your door here: https://wildpastures.com/promos/save-20-for-life/bonus15?oid=6&affid=321 USE THE LINK & get 20% off for life and $15 off your first box! DITCH YOUR DOCTOR! https://www.livelongerformula.com/wam Get a natural health practitioner and work with Christian Yordanov! Mention WAM and get a FREE masterclass! You will ALSO get a FREE metabolic function assessment! PayPal: ancientwonderstelevision@gmail.com FIND OUR CoinTree page here: https://cointr.ee/joshsigurdson PURCHASE MERECHANDISE HERE: https://world-alternative-media.creator-spring.com/ JOIN US on SubscribeStar here: https://www.subscribestar.com/world-alternative-media For subscriber only content! Pledge here! Just a dollar a month can help us alive! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU World Alternative Media 2026

Savage speaks with Shannon Davis, CEO of American Alternative Assets, about retirement savings trapped inside a collapsing debt system. They discuss why gold and silver remain outside the printing presses, the pressure from America's $39 trillion debt, and how rising bond rates hit regular families through mortgages, credit cards, car loans, and inflation. Davis explains why retirement accounts may not be truly diversified if everything is still tied to the dollar, and Savage warns about runaway spending, currency revaluation, and the dangers of trusting banks with your financial future. Learn why physical precious metals offer control, privacy, and peace of mind in an age of debt, inflation, and digital uncertainty. Talk to precious metals specialists who understand the Great Gold Reset. Call (855) GOLD-099 or go to GetSavageGold.com.

President Donald Trump has signed an executive order that creates a “voluntary framework” for the US to gain early access to cutting-edge AI models, and the conviction of short seller Andrew Left may change how investors take positions. Plus, gold has overtaken US Treasuries as the world's top reserve asset, and we'll look at how Deutsche Bank moved past its reputation as the sick bank of Europe. Mentioned in this podcast:Donald Trump signs watered-down AI vetting order after Maga infightingShort seller Andrew Left found guilty of securities fraudGold replaces US Treasuries as world's top reserve asset, ECB saysHow Deutsche Bank learned to stop chasing AmericaShipping tycoon prefers $200,000 fee to cross Strait of Hormuz to ‘this hassle'Want to get in touch? Email us at podcasts@ft.comNote: The FT does not use generative AI to voice its podcasts The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. It was edited and hosted by Marc Filippino. Our show is mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Kia ora. Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news of a changing of the guard. Countries are moving away from US Treasuries as a core reserve asset, replacing it with gold. At the same time, crypto values including for bitcoin, seem to be fading fast. But first up today, there was a full dairy auction overnight, one that brought slightly lower overall prices, with the USD index falling -0.6% mainly on -3% lower SMP prices. Milk fat products like AMF. Butter and Cheddar all rose, offsetting the fall in powder prices. But the NZD has also strengthened, so the result in NZD terms was a -2.0% fall. A pull-back in demand from China is part of this story too. In the US, they reported a surge in April job openings, their most in 18 months, notably in California and other western states. It is a services related thing, with manufacturing jobs not really participating. Meanwhile, the US RCM/TIPP economic sentiment survey fell slightly in June from may, but to its lowest in two years. And the US Logistics Managers Index is showing the full impacts of the current supply-chain disruptions and stockpiling. It held in May at its highest since the pandemic stress period. It is increasing at an increasing rate for inventory costs, warehousing capacity, and freight prices. In China, we should note that it is wheat harvest season and that they expect a bumper result. At the same time, both Australian and US farmers are hesitating in their plans for wheat as high fertiliser and fuel costs threaten to make the prospects very uncertain. In the EU and as expected, CPI inflation firmed up to 3.2% in May from 3.0% in April. Their core inflation rose as well. It seems to be only about rising fuel costs at present with the spread wider quite limited. Will the ECB hike its policy rate on June 11? Markets are betting 100% it will. In Australia, they have slipped into their first trade deficit since 2017 in the March 2026 quarter. Exports of minerals fell (except for gold) while imports of data center equipment surged. Globally, it is worth noting again that aluminium, zinc, copper and tin are all now either at record highs or at post-pandemic highs. The UST 10yr yield is now just on 4.46%, down -1 bp from this time yesterday.  The price of gold will start today down -US$9 at US$4482/oz. Silver is down -50 USc at just over US$75/oz. Interestingly, an ECB analysis released overnight has highlighted that after the run-up in the gold price, at the same time as the value of US Treasuries fell, gold was the largest single asset held for 'foreign reserves'. (see Chart 7) Oil prices are up another +US$2 just under US$93.50/bbl in the US, while the international Brent price is now on US$96/bbl and up +US$1.50. Hormuz remains shut. The Kiwi dollar is lower from yesterday at this time at 59.2 USc, down -30 bps. Against the Aussie we are also down -40 bps at 82.5 AUc. Against the euro we are down -10 bps at just under 51 euro cents. That all means our TWI-5 starts today at just over 62.7 which is down -20 bps from yesterday. The bitcoin price starts today at just on US$67,464 and down a sharp -5.9% from this time yesterday and falling. Crypto funds are getting excess redemptions at present. Volatility over the past 24 hours has been high at just under +/- 3.5%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Konspirasi Dato Vida menyertai politik tanah air, Cik Pui Ting atau Deadpudds mempersoalkan tindakan MAHB dan isu yang melibatkan pasaran global secara menyeluruh iaitu berkaitan dengan pasaran Bon kerajaan amerika syarikat atau lebih dikenali sebagai US Treasuries.---------------Sembang KS ialah sebuah talk show di mana Zaidel akan berkongsi ringkasan berita semasa sebelum menyelami sesuatu isu dengan lebih mendalam.Topik yang dibincangkan merangkumi pelbagai bidang seperti sosial, politik, teknologi dan hiburan, disampaikan dengan gaya yang tajam, santai serta diperkaya dengan analogi yang pantas dan bersahaja.Misi kami adalah untuk memberi pencerahan dan kefahaman tentang isu-isu penting, sesuai ditonton sepanjang perjalanan dalam kesesakan lalu lintas waktu puncak di Malaysia.

USA und Deutschland im finanzpolitischen Vergleich. – Am 22. Mai hat Kevin Warsh sein Amt als neuer Vorsitzender der US Federal Reserve angetreten. Donald Trump hat in der Vergangenheit immer wieder Druck auf die US-Notenbank ausgeübt, ihre Zinsen kräftig zu lockern. Sollte die Fed dem nachgeben? Und wird sie es unter ihrem neuen Vorsitzenden tun? – In Europa haben sich mehrere Mitglieder des Zentralbankrates in den vergangenen Tagen dafür ausgesprochen, dass die Europäische Zentralbank (EZB) auf ihrer nächsten Sitzung am 11. Juni ihre Geldpolitik straffen sollte. Wie ist diese Forderung einzuordnen? Und wird die EZB dieser Forderung nachkommen? – Die Finanzmärkte erwarten derzeit, dass die EZB innerhalb der nächsten zwölf Monate ihren Einlagesatz mindestens zweimal, vielleicht sogar dreimal um jeweils 0,25 Prozentpunkte anheben wird. Welche Folgen hätte das für die Inflation und die Konjunktur? – Staaten finanzieren sich überwiegend über Steuern und über Staatsanleihen. Die Renditen für Staatsanleihen mit zehnjähriger Restlaufzeit gelten als wichtigste Bezugswerte für die Anleihemärkte insgesamt. Wie haben sich die Renditen für US Treasuries und für deutsche Bundesanleihen in diesem Jahr bislang entwickelt? Und wie wird diese Entwicklung in den nächsten zwölf bis 18 Monaten voraussichtlich weitergehen? – Mit den Renditen steigen die Kosten, zu denen Staaten sich an den Märkten Geld leihen können. Wie sehr sind die Staatsschulden in den USA und in Deutschland gestiegen? Wie lange können sich beide Staaten das noch leisten? Und wie unterscheiden sich die USA und Deutschland diesbezüglich. – Zu den expliziten Staatschulden kommen implizite Verbindlichkeiten hinzu, die weit höher sind. Was sind diese impliziten Staatsschulden? Und wie gefährlich sind diese?

This mega bubble may explode soon! Find out what it is as we talk growing market uncertainty driven by rising interest rates, inflation concerns, and global conflict, while warning investors about the risks developing in the bond market and increasingly narrow stock market leadership. We explore how higher Treasury yields, stubborn inflation, housing weakness, and mounting global debt pressures could impact both stocks and bonds, while also breaking down why investors should remain cautious despite strong performance in select sectors like semiconductors and AI. We cover consumer stress, leverage building in the markets, Japan's bond challenges, concerns surrounding global liquidity, and the importance of avoiding emotional reactions to sensational economic "chart crimes" and extreme market predictions. Today we discuss... Why rising Treasury yields and bond market volatility are becoming a major concern for investors. Inverted versus normal yield curves and what they signal about the economy and lending conditions. How higher oil prices and ongoing geopolitical conflict could keep inflation elevated. Concerns that higher interest rates could pressure both stocks and bonds at the same time. Why traditional diversification strategies are struggling in today's correlated market environment. How a small group of semiconductor and AI stocks are driving most of the stock market gains. The growing stress facing consumers from inflation, mortgage rates, and rising debt burdens. Weakness in the housing market and the impact of high mortgage rates on affordability. Concerns about China reducing its holdings of US Treasuries and the implications for bond markets. Japan's rising bond yields and the risks tied to global debt and liquidity markets. Whether current inflation trends could resemble the inflationary environment of the 1970s. Why many alarming economic charts online can be misleading "chart crimes" driven by correlation rather than causation. How government stimulus during COVID contributed to inflation by increasing consumer spending power. How inflation impacts everyday expenses like healthcare, childcare, education, and housing more than electronics or technology. Growing leverage and speculative behavior in global markets as investors chase returns. The role of the US dollar as a macroeconomic pressure gauge rather than a simple trading indicator. Why investors should stay cautious, avoid emotional reactions, and focus on risk management during uncertain market conditions.   Today's Panelists: Kirk Chisholm | Innovative Wealth Douglas Heagren | Mergent College Advisors Follow on Facebook: https://www.facebook.com/moneytreepodcast Follow LinkedIn: https://www.linkedin.com/showcase/money-tree-investing-podcast Follow on Twitter/X: https://x.com/MTIPodcast  For more information, visit the full show notes at https://moneytreepodcast.com/mega-bubble-may-explode-821 

"Rates are going higher. I think the ten-year is going to six percent. We're creating stagflation." – Todd "Bubba" Horwitz. PIMCO warns 2007-level treasury yields could pressure global markets as the new Fed chair signals more rate hikes ahead.

The global bond market buckled over the past week. Yields on 30-year US Treasuries hit their highest level in almost 20 years, while long-term debt yields in the UK and Japan reached multi-decade highs. It’s a signaling effect, Bloomberg’s Enda Curran says, that investors around the world are increasingly convinced higher inflation is here to stay. On today’s Big Take podcast, Curran and host David Gura discuss how supply shocks from the Iran war feed into longer-term inflation concerns, how AI might provide a way out for the global economy — and what this rout in the bond market means for the Federal Reserve, its new chair and the rest of us. Listen more: The Great Bond Car Wreck — in Slow Motion Read more: $50 Trillion Safe-Haven Debt Market Upended by Iran War Inflation We have a special Bloomberg subscription offer for podcast listeners at Bloomberg.com/podcastoffer. Hosted by David Gura; Produced by David Fox; Reported by Enda Curran, Mark Schroers, Ye Xie and Jorgelina Do Rosario; Edited by Jeffrey Grocott. Fact-checking by Laura Newcombe; Engineering by Alex Sugiura. Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.See omnystudio.com/listener for privacy information.

Send us Fan Mail◆ Supranationals and agencies prepare to achieve the previously unthinkable ◆ Leveraged loans versus private credit and their effect on CLOs ◆ A new dawn for dollar covered bonds and UK equity market structureBond issuance from supranational and agency issuers is rampant. And not only are volumes high but the bonds are flying too, attracting large order books, being priced with little if any issue premium and then performing in the secondary market. There has been a notable resurgence in dollar issuance in particular, even as issuers price within a hair's breadth of US Treasury yields. That has set the market alight with chatter once more that an issuer could be about to price a bond through what is commonly held to be the most risk-free asset on the planet. We explain the dynamics at work and identify what deal from which issuer could achieve this milestone.At the lower end of the credit spectrum, borrowers are making choices between going to the private credit market for funding or the broadly syndicated leveraged loan market. We discuss the choices borrowers face and the implications for the collateralised loan obligation market.The dollar market hosted a rarity this week: a covered bond from a European bank. As investors look for alternative highly-rated securities in the currency to Treasuries, we investigate whether we will see much more covered bond issuance and what might drive or prevent it.Finally, we looked into what trade bodies are demanding of the Financial Conduct Authority from its consultation on the structure of UK equity markets. We examine their arguments for a consolidated tape and where trading should be encouraged to take place.Now read on:SSAs glow in sunshine of demand, pushing spreads ever closer to TreasuriesCredit quality diverges, with CLOs getting better names, private credit the restBawag's first dollar covered bond shines light on niche marketTrade bodies to FCA: leave trading alone but give us a great equities tape

US equities extended their decline on Tuesday as a continued selloff in US Treasuries, driven by inflation concerns tied to the war in the Middle East, pressured investor sentiment. The S&P 500 finished 0.7% lower, the Nasdaq closed down 0.8% while The Dow shed more than 300 points, or 0.6%. AI infrastructure companies continued their correction after soaring this month, previously supported by bumper earnings and ambitious guidance. Speculative long positions propelled AI infrastructure stocks higher in the period, prompting a pullback in risk sentiment and a cautious outlook by Seagate to spark a sharp pullback. Seagate sank 10% so far this week. Hyperscalers also fell with Amazon, Tesla, and Meta dropping up to 2% on Tuesday. Meanwhile, Dominion energy sustained its surge from the previous session and NextEra Energy bounced from sharp losses following NextEra's $67 billion acquisition of the former, the largest ever in the power sector.SPI down 39 - Resources under pressure - JHX results - Nvidia in focus—Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

As Japanese yields spike and investors dump billions in U.S. Treasuries, Gareth Soloway joins Daniela Cambone to explain why the bond market may be flashing a major red signal.Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310 

Scott Hennen and Jay Thomas team up for a high-stakes "Talk-a-Palooza" edition of What's On Your Mind. The duo breaks down the fireworks from the Fargo mayoral debate, analyzing the "warrior spirit" of the candidates and the critical importance of voter turnout in North Dakota's largest city. The conversation takes a global turn as tech innovator Arnie Bellini sounds the alarm on "digital World War III," detailing how China is using AI and "kill switches" in imported electronics to infiltrate US infrastructure. We also hear a victory story from a Kansas family fighting for privacy in elementary schools, a deep dive into the 30th anniversary of the movie Fargo, and a "Money, Markets, and Metals" update on why gold is currently outperforming the major stock indexes. Episode Highlights [00:02:30] – The Fargo Mayoral Breakdown Scott and Jay analyze the fallout from the Fargo theater debate. They discuss whether candidates are "splitting the conservative vote" and why Deputy Mayor Denise Colpack's "I'm not a liberal" defense is raising red flags for local voters. [00:11:15] – The 20% Problem A sobering look at the "elephant in the room": why only two out of ten eligible voters are showing up for local elections. Jay and Scott debate how to fix "voter checkout" and why school board races are the most important overlooked seats on the ballot. [00:15:30] – Cyber Warfare & The Trojan Horse Arnie Bellini, Chairman of ConnectSecure, explains the terrifying reality of digital espionage. He details how 50% of global mobile network chips are produced in China and the discovery of "kill switches" in imported electric transformers. [00:20:45] – Victory in the Heartland Constitutional lawyer Kim Hermann shares a major win for parental rights in Kansas. She details a three-year battle that reached the Department of Education's Office for Civil Rights, involving privacy protections for a first-grade girl. [00:22:45] – 30 Years of "Uff-Da" The hosts celebrate the 30th anniversary of the Coen brothers' masterpiece, Fargo. Listeners weigh in on whether the movie's iconic (and exaggerated) accents helped or hurt the region's global brand. [00:28:30] – Gold vs. The S&P 500 David Fisher from Landmark Gold provides a startling comparison: while the S&P 500 is up 3.8% year-to-date, gold and silver are surging at nearly 10%. Fisher explains the "compressing safety premium" and why foreigners are starting to view US Treasuries as a "guaranteed loss." [00:31:15] – Trump's Social Media Victory…

Zhan Chen, Associate Director, Market Practice and Regulatory Policy, updates on ICMA's engagement with the U.S. Securities and Exchange Commission regarding the U.S. Treasury clearing mandate, highlighting cross-border implementation challenges, supporting proposed exemptions to limit extraterritorial scope, and calling for further clarification to reduce complexity and ensure a level playing field.

President Donald Trump said Lebanon and Israel had agreed to a 10-day ceasefire, the US Treasury's status as the world's lowest-cost dollar borrower is facing a fresh challenge, and Netflix's chair and founder is stepping down. Plus, Iran secretly acquired a Chinese spy satellite that has helped it target US military bases across the Middle East during the war, and shares in the world's biggest chocolate maker aren't looking so sweet.Mentioned in this podcast:Israel and Lebanon agree 10-day ceasefire, Trump saysUS's status as lowest-cost dollar borrower challenged as investors shun Trump riskNetflix founder Reed Hastings to step down from boardIran used Chinese spy satellite to target US basesShares at world's biggest chocolate maker Barry Callebaut plunge as cocoa prices collapseCredit: BBCNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Sonja Hutson, and produced by Saffeya Ahmed, Victoria Craig, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, David da Silva, and Michela Tindera. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Michael Cembalest chairs the Market and Investment Strategy group at JP Morgan Asset and Wealth Management and effectively oversees $4tn AUM. He is responsible for market and investment insights across the asset management business and has produced the famous Eye on the Market publication for over 20 years now. We discuss AI, which formed the bulk of his most recent annual edition, why he believes Open AI is a weak link and why he thinks the Treasury market will have a crash, but not yet. Cembalest is known for his charts and he picks both his favourite and his least favourite charts. Michael is one of the most in-depth macro analysts I have met and it's his depth as well as his breadth of knowledge which is truly impressive. We recorded in JP Morgan's amazing new office in New York, check out the photos in the show notes.Behind the Balance Sheet is a forensic accounting and fundamental investing podcast for serious investors. Each episode dives into how real‑world investors source ideas, build conviction and manage their portfolios. You'll hear frameworks for analysing industries, understanding business models, and thinking about risk, behaviour and incentives, so you can refine your own process rather than copy stock tips. For show notes, transcripts and additional resources, visit our ⁠⁠⁠⁠website⁠⁠⁠⁠. If you value thoughtful, process-driven investing discussions, follow the show and consider leaving a short review, or just a 5* rating on Spotify or Apple Podcasts. Please help spread the word.

NEWS EP! Andy is a bestseller. Sean becomes a Luddite Gnome. Orbon is Or-gone. Situation monitoring Hormuz, and looking back at the Suez crisis. In the bonus we discuss AI-generated Iranian propaganda. To hear that, support the show at http://patreon.com/thiswreckage Metropolitans B&N event with Noah Kulwin: https://stores.barnesandnoble.com/event/9780062206054-0 ‘Summer of Ludd' https://www.nytimes.com/2025/10/30/style/lamp-club-luddites.html?smid=nytcore-ios-share Orban Loss: https://www.nytimes.com/2026/04/13/us/politics/orban-trump-maga.html?smid=nytcore-ios-share Audio of Iranian warning that scared away US Navy warship https://x.com/eternalphysics/status/2043309125572936047?s=46 Suez and Iran by Niall Ferguson https://www.thetimes.com/comment/columnists/article/america-suez-crisis-trump-presidency-world-order-iran-cqrfs86z0Central banks sell US Treasuries in wake of Iran war: https://giftarticle.ft.com/giftarticle/actions/redeem/6fac51c8-b650-48d4-82eb-e6e66f75dd2fForeign Iran plans permanent changes to world economy https://www.presstv.ir/Detail/2026/04/10/766586/why-no-matter-can-undermine-iran-eternal-dominance-over-strait-hormuz

In this week's Live from the Vault, Andrew Maguire reveals how unprecedented volatility has masked a powerful shift from paper to physical gold, as central banks and institutions accelerate de-dollarisation and establish a higher price floor.With safe haven demand returning and systemic risks building in private credit markets, Maguire explains why gold and silver are in strong demand, as steady physical buying and tightening supply set the stage for a sharp move beyond previous highs.Send your questions to Andy here: https://www.speakpipe.com/LFTVTimestamps: 00:00 Start03:24 War-driven dislocations reveal physical gold breaking from paper pricing05:07 Central banks shift from US Treasuries into gold and silver08:55 Safe haven narrative returns as physical demand establishes a higher floor14:07 Short-term outlook as ceasefire triggers volatility and bullish positioning17:11 Private credit risks emerge as major bullish catalyst for gold20:13 Central bank accumulation accelerates amid de-dollarisation trends28:31 Silver supply strain exposes widening gap between paper and physical marketsSign up for Kinesis on desktop:https://kinesis.money/mr-k-gold-savings/Download the Kinesis Mobile app - available App Store and Google Play:Apple: https://kms.kinesis.money/signupGoogle: https://play.google.com/store/apps/details?id=com.kinesis.kinesisappAlso, don't forget to check out our social channels where you can stay up to date with all the latest news and developments from the team.X: https://twitter.com/KinesisMonetaryFacebook: https://www.facebook.com/kinesismoney/Instagram: https://www.instagram.com/kinesismoney/Telegram: https://t.me/kinesismoneyTikTok: https://www.tiktok.com/@kinesismoneyThe opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.

Foreign central banks have slashed their holdings of Treasuries at the New York Federal Reserve to the lowest level since 2012, and a preliminary estimate showed that Eurozone inflation jumped to 2.5 per cent in March. Plus, we hear from two small US business owners about how they have navigated a year of President Donald Trump's tariffs. Mentioned in this podcast:Foreign central banks sell US Treasuries in wake of Iran warThe ECB's three-pronged monetary strategyTrump tariff tracker: US trade, markets and the economyListen to the FT News Briefing's tariffs series hereChris Giles on Central BanksNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Jeff Park, CIO of ProCap Financial, joins The Rollup live from DAS New York to break down his Radical Portfolio Theory, why US Treasuries should be called the "risk full rate," the truth about private credit, and why STRK is more interesting than most people think.Jeff Park is the CIO of ProCap Financial and the creator of Radical Portfolio Theory, a framework for next-generation portfolio construction centered on Bitcoin and resistance assets. He is one of the most followed macro and Bitcoin voices in institutional finance.The Rollup is where the leaders of digital assets and finance converge. Live from the financial capital of the world.Timestamps:00:00 Intro01:03 Breaking Down STRK03:53 Bitcoin vs. Gold in Uncertain Times05:40 Seller Exhaustion and Bitcoin's Setup06:16 The Radical Portfolio Theory Explained09:16 What the Portfolio Actually Looks Like12:35 Why Private Credit Is Left Out15:37 The Thanksgiving Turkey Analogy17:51 Is Jeff Bullish on BitTensor?18:50 Why Jeff Is Bullish on Hyper Liquid21:04 Jeff's Final TakeWebsite: https://therollup.co/Spotify: https://open.spotify.com/show/1P6ZeYd...Podcast: https://therollup.co/category/podcastFollow us on X: https://www.x.com/therollupcoFollow Rob on X: https://www.x.com/robbiek__Follow Andy on X: https://www.x.com/ayyyeandyJoin our TG group: https://t.me/+TsM1CRpWFgk1NGZhThe Rollup Disclosures: https://goodidea.ventures

In this episode, Liz Ann Sonders welcomes Collin Martin as her new co‑host. Collin outlines his role as Schwab's head of fixed income research and strategy, highlighting his broad coverage of the bond market—from Treasuries and Fed policy to corporate credit, municipals, mortgages, and global bonds.  The conversation then turns to markets and geopolitics, focusing on the ongoing conflict involving Iran and its market impact. Liz Ann explains that while major equity indexes have appeared relatively resilient, this masks significant volatility beneath the surface. She notes sharp rotations across sectors, wide drawdowns among individual stocks, and heightened churn driven by shifting narratives—ranging from AI disruption concerns to war‑related energy shocks.  Collin connects these equity dynamics to fixed income, explaining why Treasury yields have risen rather than fallen despite geopolitical uncertainty. Elevated oil prices and rising inflation expectations have pushed yields higher, countering the typical “flight to safety” dynamic. He also highlights how shifting Fed expectations are influencing bond markets and raises the key uncertainty: whether prolonged conflict could eventually tilt the focus from inflation risk to economic growth risk, potentially reversing yield trends. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors. Mortgage-backed securities (MBS) may be more sensitive to interest rate changes than other fixed income investments. They are subject to extension risk, where borrowers extend the duration of their mortgages as interest rates rise, and prepayment risk, where borrowers pay off their mortgages earlier as interest rates fall. These risks may reduce returns. All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions (0326-T915) Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kathy Jones, Chief Fixed Income Strategist at the Schwab Center for Financial Research, joins Scarlet Fu on "Bloomberg Real Yield." US Treasuries sank and bond traders increased their bets on a Federal Reserve interest-rate hike by October to 50% as concern mounts that a protracted war in the Middle East could stoke global inflation.See omnystudio.com/listener for privacy information.

Phoenix Kalen, Global Head of Emerging Markets Research at Societe Generale Corporate and Investment Banking, joins Tellimer Founder & CEO, Duncan Wales, to discuss the investment implications of the US and Israeli attacks on Iran and what the conflict means for emerging markets across the short and long term. Drawing on Phoenix's deep expertise in sovereign debt, credit, and EM strategy built across institutions including RBS and JP Morgan, the conversation examines which economies stand to win and lose from elevated oil prices and supply disruption, why the market reaction has been notably more contained than the Russia-Ukraine shock of 2022, and what that tells us about the structural maturation of emerging markets as an asset class. They also explore the ongoing shift away from dollar-denominated assets, whether EM carry trades can recover, the growing case for local currency bond markets on their own merits, and why the old framework of treating emerging markets purely as a spread product over US Treasuries is increasingly difficult to defend.The Emerging Markets Podcast by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tellimer⁠⁠⁠⁠⁠⁠⁠ – Emerging Markets, Connected. Check out the full Tellimer offering ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. The Emerging Markets Podcast dives into a range of topics in the emerging and frontier market world including investment themes, debt restructuring, elections, and geopolitical tensions.DISCLAIMERThis podcast is provided for information purposes and represents the personal opinions of the speakers. It is not an offer or solicitation for investment in any securities, nor should it be regarded as investment advice. Tellimer Technologies Limited does not offer or provide advice and no mention of a particular security in this podcast constitutes a recommendation to buy, sell or hold that or any security, portfolio of securities, or enter any transaction or investment strategy. Nor is any such mention an indication that any investment is suitable for any specific person.For more information, please visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tellimer.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. 

In episode 17 of Sygnum's The Crypto Explorer podcast, our host Aliya Das Gupta speaks with Melvis Langyintuo, Executive Director of the Canton Foundation, about why institutional adoption needs more than transparency or privacy alone.The discussion covers configurable privacy, interoperability across applications, and real-world use cases such as tokenised US Treasuries and repo transactions. It offers a practical perspective on how institutions can achieve capital efficiency and near real-time settlement without compromising governance or regulatory requirements.Listen to this thoughtful discussion on where traditional finance and blockchain infrastructure are meaningfully converging today.Read the disclaimer here: https://www.sygnum.com/disclaimer

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links —Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.

You down with USD? Yeah you know me. Well, clearly not. My long term thesis is that this dies a death. Until this occurs however, USD denominated stablecoins will create demand for US Treasuries. This will cause interest rates to drop for any USD debt-based system. For everyday investor, this means property values go up. For a time, USD-denominated stablecoins will lower the cost of money for any nation who adopts it. The US could rule the world. Unless...of course...2026 sees the rise of the non-USD stablecoin.Special thanks to Ryan Johnson-Hunt from New Money.Book in a free 15-min phone call with Darcy Ungaro (financial adviser).Sign up to the fortnightly newsletter!Thank You Swyftx: With over 1 million customers across New Zealand and Australia. Ask yourself …”Where can crypto take you?". Check out Swyftx.Provincia: Whether you're looking to invest, or you have a commercial property that needs better management - they the true one-stop shop for wholesale industrial investors. Check out Provincia.co.nz for more.Affiliate Links!The Bitcoin Adviser: Plan for intergenerational digital wealth.Hatch: For US markets.Revolut: For a new type of banking.Sharesies: For local, and international markets.Loan My Coins: Bitcoin lending product.Exodus: Get rewards on your first $2,500 of swapsOnline courses:Take the free, 5-part online course Crypto 101: Crypto with ConfidenceGet Social:Check out the most watched/downloaded episodes hereFollow on YouTube , Instagram, TikTok: @theeverydayinvestor, X (@UngaroDarcy), LinkedIn.www.radicalinvestment.co.nz________________________Disclaimer: Please act independently from any content provided in these episodes; it's not financial advice, because there's no accounting for your individual circumstances. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser / pay for advice!

US and European stock markets fell further yesterday although some relief was provided by Trump's promise to accompany vessels through the Strait of Hormuz.  Both oil and the US dollar strengthened, but gold and silver fell, and overnight Asia's stock markets suffered a bruising session with the Kospi falling more in one day than it has since 2001. Joining the show today are our research team heads of Equity Strategy, Mathieu Racheter, and Fixed Income, Dario Messi, to provide some context on the recent moves in global equity markets and US Treasuries, as well as some suggestions on how to position portfolios in the current situation.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:08) - Bond market update: Dario Messi, Head of Fixed Income Research (09:31) - Equity market update: Mathieu Racheter, Head of Equity Strategy Research (13:11) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Stewart Alsop sits down with Ulises Martins on the Crazy Wisdom podcast to explore how artificial intelligence is fundamentally disrupting professional careers, labor markets, and the pace of human adaptation itself. They discuss everything from Dario Amodei's concept of "technological adolescence" to the possibility that we're approaching a point where AI advancement accelerates beyond our ability to keep up, touching on topics ranging from the economics of software development and the future of warfare to generational differences in how people will respond to AI-driven change. Martins emphasizes that while we may not be able to predict exactly what's coming, we need to dramatically increase our efforts to learn and adapt—potentially doubling the time we invest in understanding AI—because this isn't optional change, it's disruption happening at an unprecedented speed. Connect with Ulises on Linkedin to follow his work in AI and generative technology.Timestamps00:00 — Stewart introduces Ulysses Martins, framing the conversation around accelerationism and the future of work.05:00 — Ulises uses the parent-child analogy to argue humans will no longer play the dominant role as AI surpasses us.10:00 — Both agree learning AI is non-negotiable, urging listeners to double their investment in staying current.15:00 — Discussion shifts to software as media, the collapsing cost of building products, and the risk of big players like Anthropic making your idea obsolete overnight.20:00 — Ulises raises ecology vs. cosmic ambition, questioning whether humanity should aim for civilizational-scale goals like the Dyson sphere.25:00 — Stewart's ESP32 hardware project illustrates AI's current blind spots beyond software, while both predict physical-world AI will arrive as a byproduct of bigger industrial goals.30:00 — Tesla's birthplace in Croatia sparks a reflection on human genius as luck versus deliberate investment, invoking the Apollo program as a model.35:00 — The US-China AI race is compared to the Cold War Space Race, with interdependency acting as a brake on outright conflict.40:00 — Drone warfare and AI reframe military power, making troop size irrelevant and potentially reducing total war.45:00 — Agile methodology and generational shifts are linked, asking how Gen Z's values will shape the AI era globally.50:00 — Argentine vs. American Zoomers are contrasted, with millennial expectations versus Gen Z's pragmatism explored.55:00 — Ulises closes urging everyone to enjoy the ride, taking the infinite stream of change one episode at a time.Key Insights1. The Death of Traditional Career Paths: The concept of professional careers as we know them—starting as a junior and progressively advancing—is becoming obsolete due to AI's rapid advancement. This applies far beyond just software and SaaS companies, extending to all industries as robots and AI systems gain capabilities that fundamentally disrupt labor markets. The question isn't whether we'll adapt, but whether humans can adapt fast enough to keep pace with exponential technological change.2. The Acceleration Imperative: People must dramatically increase their investment in learning about AI immediately. Whatever time you were previously dedicating to staying current with technology needs to be doubled or tripled. This isn't optional—it's comparable to the necessity of basic education. Unlike previous technological transitions where you had years to learn new frameworks or tools, the current pace demands immediate, intensive engagement or you risk becoming irrelevant.3. Software as Media and the Collapse of Development Economics: Software has become media—easily reproducible and increasingly commoditized through AI assistance. The fundamental economics of software development are collapsing because if building software requires dramatically fewer development hours, the value and price of that software must necessarily decrease. Entrepreneurs need a new evaluation framework that assesses the risk of their ideas being replicated by AI or absorbed by major players like Anthropic or OpenAI.4. The Parent-Child Analogy for AI Development: Humanity's relationship with AI will inevitably mirror that of parents with increasingly capable children. Initially, we understand and control what AI does, but as it advances, it will surpass human capabilities in most domains. Just as parents cannot control fully grown adult children who exceed their abilities, humans will need to reconcile with creating something superior to ourselves. Attempting to permanently control such systems may be both impossible and potentially pathologic.5. The Kardashev Scale and Civilizational Ambitions: AI represents a civilizational-level technology that should redirect humanity toward grander goals like capturing stellar energy through Dyson spheres and expanding beyond our solar system. The competition between China and the United States over AI mirrors the Apollo program's space race but with higher stakes—potentially making traditional concepts like money less relevant if we successfully crack general intelligence. This requires thinking beyond planetary constraints.6. The Changing Nature of Warfare and Geopolitics: AI and autonomous weapons systems are fundamentally changing warfare by making human soldiers less relevant, similar to how nuclear weapons reduced the importance of conventional military force. This shift may actually reduce bloody civilian casualties in conflicts between major powers, as drone warfare and AI-driven systems create new equilibriums. The geopolitical map may fracture into more sovereign states and city-states as centralized control becomes less effective.7. Generational Adaptation and Unpredictability: Different generations will respond uniquely to AI disruption based on their values and experiences. Generation Z, having grown up during the pandemic without traditional expectations, may adapt differently than millennials who experienced unmet expectations. However, we must remain humble about our predictive abilities—we're not good at forecasting technological change or its timing. The best approach is maintaining openness, trying to understand developments as they unfold, and accepting that we cannot consume all information in an era of unlimited AI-generated content.

Self Created Valuation Boosts Apple Announces new Podcast push AI – A breakdown Playing them like a fiddle – Warner Brothers PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - A NEW CTP just announced - China releasing new AI models - AI - A breakdown - we are on overload - Big Employment news.... Markets - Self Created Valuation Boosts - Apple Announces new Podcast push - Playing them like a fiddle - Warner Brothers Quick Note - Going to rip up the playbook on something this week on TDI Podcast. Anyone who owns an annuity should listen to what is about to come on next Sundays show.....  No Agenda... Olympics - Anything to discuss? MONEY FOR ALL - The average tax refund is 10.9% higher so far this season, compared to about the same point in 2025, according to early filing data from the IRS. - The 2026 tax season opened Jan. 26, and the average refund amount was $2,290 as of Feb. 6, up from $2,065 about one year prior, the IRS reported Friday night. - As of Feb. 6, the total amount refunded was more than $16.9 billion, up 1.9% compared to last year, according to the IRS release. That figure reflects current-year returns only. - This is partly because there were excess-witholdings from last year on the rules changed and paycheck withholdings were not adjusted. This is a one time situation.. Emplyment - 4.3% - "Better" than expected payrolls number - A major revision was released last Wednesday. Overall 2025 job growth was much weaker than initially reported. The total net change for the full year 2025 was revised down from +584,000 jobs to just +181,000 jobs (seasonally adjusted) — an average of only about 15,000 jobs added per month instead of ~49,000. This made 2025 one of the weakest years for job creation in recent non-recession periods. - Employment levels were consistently overstated throughout 2025 by roughly 800,000 to over 1 million jobs, peaking around mid-year. For example: By March 2025, the level was revised down by 898,000. By December 2025 (preliminary), down by 1,029,000. - Monthly changes were also adjusted downward in most cases (e.g., August's originally reported -26,000 became a larger loss of -70,000; September's +108,000 became +76,000). - The revisions reflect normal annual benchmarking, but this one was unusually large (larger than the typical 0.2% average over the prior decade), likely due to factors like overestimation of business births or other data mismatches. - In short, the data reveals that the U.S. labor market in 2025 was significantly softer than the monthly headlines suggested at the time — job growth was overstated by a substantial margin, painting a picture of a much weaker employment picture for the year. AI Updates - While U.S. markets have been focused on the impact of Anthropic and Altruist's tools on software and financial services, China's tech giants have released AI models this week that have shown advancements in robotics and video generation. - Google is reporting that China's AI models are just MONTHS behind western models - However - is this progress? In a video demo, Alibaba showed a robot with pincers for hands that appeared to be able to count oranges, pick them up and place them in a basket. It was also shown taking milk out of a fridge. - Alibaba on Monday unveiled a new artificial intelligence model Qwen 3.5 designed to execute complex tasks independently, with big improvements in performance and cost that the Chinese tech giant claims beat major U.S. rival models on several benchmarks. - Zhipu AI — which trades as Knowledge Atlas Technology in Hong Kong said the model approaches Anthropic's Claude Opus 4.5 in coding benchmarks while surpassing Google's Gemini 3 Pro on some tests. - Shares of MiniMax also jumped Thursday after it launched its updated M2.5 open-source model with enhanced AI agent tools. Grok Update - Grok, Elon Musk's AI chatbot, has been gaining ground in the U.S. over the past months, data showed, even as it draws global censure and regulatory scrutiny after being used to generate a wave of non-consensual sexualized images of women and minors. - U.S. market share of the tool rose to 17.8% last month from 14% in December, and 1.9% in January 2025, according to data from research firm Apptopia. - Men are still the largest % users of Grok ~ 78% (down from 89% in April 2025) AI Market Share - ChatGPT's share slumped to 52.9% last month from 80.9% in January last year, while Gemini's grew to 29.4% from 17.3% over the same period. AI Market Share InfoGrapic and AI Understanding - Have we gone through this? - At its core, AI is technology that lets machines perform tasks that normally require human intelligence — things like understanding language, recognizing images, making decisions, or solving problems. - Modern AI (especially since ~2022) is dominated by machine learning — systems that learn patterns from huge amounts of data instead of being explicitly programmed rule-by-rule. - Inference is the "using" or "applying" phase of AI — when a trained model takes new input and produces an output / prediction / answer. Contrast with training (the "learning" phase): ------ Training ? Like a student studying for years: very compute-heavy, expensive, done once (or rarely) on massive servers/GPUs, adjusts billions of parameters based on examples. ------ Inference ? Like the student taking a test or doing their job: much faster, cheaper, runs on your phone/laptop/cloud, uses the fixed knowledge from training to respond instantly. - gentic AI takes regular AI (like chat models) to the next level: instead of just answering questions or generating text, these systems act autonomously to achieve goals with minimal human help. "Agentic" comes from "agency" — the ability to make decisions, plan, use tools, take actions, adapt, and even learn from results — like a smart digital employee rather than just a smart answer machine. AI Infographic Last AI Item - A shortage of memory chips is hammering profits, derailing corporate plans, and inflating price tags on various products, with the crunch expected to get worse. - The fundamental reason for the squeeze is the buildout of AI data centers, with companies like Alphabet and OpenAI buying up large shares of memory chip production, leaving consumer electronics producers fighting over a dwindling supply. - The resulting price spikes are causing concern, with some warning of "RAMmageddon" and others predicting that memory chip prices will go "parabolic", bringing lavish profits to some companies but painful prices to the rest of the electronics sector. Here is something: - Gallup will no longer track presidential approval ratings after nearly 90 years - Founded by George Gallup in 1935, the Washington, DC-based management company began tracking the president's job performance 88 years ago. - Gallup told USA TODAY it will no longer publish "favorability ratings of political figures," a decision it said "reflects an evolution in how Gallup focuses its public research and thought leadership." - Gallup said the ratings are now "widely produced, aggregated and interpreted, and no longer represent an area where Gallup can make its most distinctive contribution." - "Our commitment is to long-term, methodologically sound research on issues and conditions that shape people's lives," the company wrote, adding that its work will continue through the Gallup Poll Social Series, the Gallup Quarterly Business Review, the World Poll and more. - Seems like they are unable to SHAPE opinion due to social media etc.....? Apple Podcast Update - Big news! - Apple on Monday announced that it will bring a new integrated video podcast experience to Apple Podcasts this spring. - The move comes as video viewership continues to reshape podcasting. About 37% of people over age 12 watch video podcasts monthly, according to Edison Research. - The update brings Apple Podcasts more in-line with its competitors Spotify, YouTube and now Netflix, which have increasingly leaned into video podcasting. -“Twenty years ago, Apple helped take podcasting mainstream by adding podcasts to iTunes, and more than a decade ago, we introduced the dedicated Apple Podcasts app,” said Eddy Cue, Apple's senior vice president of Services, in a statement. “ - By bringing a category-leading video experience to Apple Podcasts, we're putting creators in full control of their content and how they build their businesses, while making it easier than ever for audiences to listen to or watch podcasts.” M&A - Texas Instruments Inc. has reached an agreement to buy Silicon Laboratories Inc. for about $7.5 billion, deepening its exposure to several markets for chips. - Silicon Labs investors will receive $231 in cash for each share of the company's common stock and the transaction is expected to close in the first half of 2027. - The transaction still needs to win approval by investors in Silicon Labs and shares of Silicon Labs surged by 51% to $206.48 after the announcement. Inflation - This helps - PepsiCo, will cut prices on core brands such as Lay's and Doritos by up to 15% following a consumer backlash against several previous price hikes, the snacks and beverage maker said on Tuesday after it topped fourth-quarter results. Miran - Moving - Federal Reserve Governor Stephen Miran is leaving his post as chair of the Council of Economic Advisers, CNBC has confirmed. - He joined the CEA in January 2025, but had been on leave from that post since last September when he filled the unexpired term of former Fed Governor Adriana Kugler.- He reamins on Fed board No Biggie???? - There are some astonishing cased being reported of Bad AI in the operating room - JNJ's TruDi Navigation System - Since AI was added to the device, the FDA has received unconfirmed reports of at least 100 malfunctions and adverse events. - At least 10 people were injured between late 2021 and November 2025, according to the reports. Most allegedly involved errors in which the TruDi Navigation System misinformed surgeons about the location of their instruments while they were using them inside patients' heads during operations. - Cerebrospinal fluid reportedly leaked from one patient's nose. In another reported case, a surgeon mistakenly punctured the base of a patient's skull. In two other cases, patients each allegedly suffered strokes after a major artery was accidentally injured. Cuba - The main airport has putt out a bulletin that they are out of Jet Fuel - Blackouts and lack of other fuels are creating big problems - No airlines have stopped running at this point, but many will as they cannot refuel - This is a bigger problem for cargo planes (supplies) that may not be able to risk flying to Cuba as they will not be able to get out. Dalio Warning -  Legendary investor Ray Dalio said on Tuesday the world was “on the brink” of a capital war. - He said central banks and sovereign wealth funds were already preparing for measures like foreign exchange and capital controls. - "When money is weaponized using measures like trade embargoes, blocking access to capital markets, or using ownership of debt as leverage." - “Capital, money, matters,” Dalio said Tuesday. “We're seeing capital controls … taking place all over the world today, and who will experience that is questionable. So, we are on the brink — that doesn't mean we are in [a capital war now], but it means that it's a logical concern.” - Could this be why gold and siver are being hoarded (physical assets over digital currency? - Is China's edict to banks to diversify away from US Treasuries a sign? Self Boosted Valuation - Waymo is aiming to raise about $16 billion in a financing-round that would value it at nearly $110 billion, Bloomberg News reported, citing people familiar with the matter. - Alphabet would provide about $13 billion to the autonomous driving firm while the rest would come from investors including Sequoia Capital, DST Global and Dragoneer Investment Group, the report added. - Soooooo - Waymo is a unit of Alphabet.... Alphabet providing 80% of the funding that boosts valuations..... Hmmmmmmmm Warner Brothers -  Warner Bros Discovery Inc is considering reopening sale talks with Paramount Skydance Corp after receiving its amended offer. - The Warner Bros board is discussing whether Paramount could offer a path to a superior deal, which may ignite a second bidding war with Netflix Inc. - Paramount submitted amended terms that addressed several concerns, including covering a fee owed to Netflix and offering to backstop a Warner Bros debt refinancing. Economics Coming Up - Short Week - plenty of Reports - Wednesday - Durable Goods, Housing Starts, Industrial Production, FOMC Minutes - Thursday - Philly Fed, Initial Claims - Friday: PCE, Personal Income and Spending, GDP for Q4 (3.6%) ----- New Home Sales, UMich Feb Final   Love the Show? Then how about a Donation? ANNOUNCING THE THE CLOSEST TO THE PIN for CATERPILLAR Winners will be getting great stuff like the new "OFFICIAL" DHUnplugged Shirt!     FED AND CRYPTO LIMERICKS   See this week's stock picks HERE Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter

Jack Prandelli of The Merchants News Substack stopped by, and we had a blast visiting about huge changes in the oil and gas markets. At the end of the podcast, we also discuss how we should restructure electricity prices for consumers. 1. China's efforts to reduce its reliance on the US dollar:  - China is shorting US Treasuries and buying gold to try to reduce its dependence on the US dollar in global trade, especially for commodities like oil.  - However, China still relies heavily on importing oil and gas, which is priced in US dollars through the petrodollar system.2. The growth of US LNG exports to Europe:  - The US is rapidly expanding its LNG export capacity, which is helping Europe replace Russian gas.  - A key company, OneOk, owns a large portion of the pipeline infrastructure market supporting US LNG exports.3. The performance and strategies of major oil and gas companies:  - Integrated companies like Exxon and Chevron are performing better than more specialized companies like Occidental.  - European oil majors like BP and Total are struggling more, with BP considering asset sales.4. OPEC's challenges in managing oil production and pricing:  - OPEC has struggled to meet its own production targets, leading it to consider changes to its pricing mechanisms.  - There are geopolitical tensions, like the US trying to influence OPEC members like Venezuela and Iran.5. The role of natural gas, renewables, and nuclear power in the energy transition:  - The guests discuss the pros and cons of different energy sources, arguing for a balanced approach that ensures reliable and affordable energy.  - There are concerns about the ability of renewables alone to provide reliable power without fossil fuel or nuclear backup.Stu and Jack cover a wide range of topics related to the global energy markets, geopolitics, and the energy transition, with a focus on oil, gas, and LNG. Based on the transcript analysis, here are the main topics discussed:**1. China's De-Dollarization Strategy**China is actively working to reduce its dependence on the US dollar by shorting US Treasuries and accumulating gold. However, this effort faces a fundamental constraint: China's massive need for imported oil and gas, which are priced in US dollars through the petrodollar system, keeps it tethered to dollar-denominated trade.**2. US LNG Export Expansion**The US is rapidly scaling up its liquefied natural gas (LNG) export capacity, playing a crucial role in helping Europe transition away from Russian gas supplies. One Oak, a significant player, controls a large portion of the pipeline infrastructure that supports these exports.**3. Oil and Gas Company Performance**The discussion compares how different energy companies are faring:- Integrated majors like Exxon and Chevron are outperforming more specialized companies like Occidental- European oil majors (BP, Total) are struggling more significantly, with some considering asset sales**4. OPEC Production and Pricing Challenges**OPEC faces difficulties meeting its own production targets and is considering adjustments to its pricing mechanisms. Geopolitical tensions also play a role, with the US attempting to influence OPEC members like Venezuela and Iran.**5. Energy Transition and Power Sources**We debate the role of natural gas, renewables, and nuclear power in the energy transition, emphasizing the need for a balanced approach that maintains reliable and affordable energy while questioning whether renewables alone can provide consistent power without fossil fuel or nuclear backup.Connect with Jack on his LinkedIn here: https://www.linkedin.com/in/prandelligiacomo/Check out the Merchant News Substack: https://themerchantsnews.substack.com/Thank you To Steve Reese and Reese Energy Consulting for sponsoring the podcast:https://reeseenergyconsulting.com/Check out the Energy News Beat Substack: https://theenergynewsbeat.substack.com/Check out The Energy News Beat Website: https://energynewsbeat.co/Questions on Investing in Oil: https://sandstoneassetmgmt.com/invest-in-oil-and-gas/

In this episode of the Crazy Wisdom Podcast, host Stewart Alsop sits down with Lars van der Zande, founder and CEO/technical architect of Inkwell Finance, for what Lars describes as his first-ever podcast appearance. The conversation covers a wide range of blockchain infrastructure topics, including Lars's work with Sui and Solana blockchains, the innovative capabilities of Ika's programmatic wallets and blockchain of signatures, and how Inkwell Finance is building revenue-based financing solutions for on-chain entities—from AI agents to protocols. They explore the evolving landscape of crypto regulation, the merging of traditional finance with blockchain technology, the future of decentralized legal systems, and how the user experience barrier is being lowered through technologies that eliminate constant transaction signing. Lars also discusses Inkwell's embedded financing approach and their pre-seed fundraising round.Links mentioned:- Inkwell's website: inkwell.finance- Inkwell on Twitter: @__inkwell- Lars on Twitter: @LMVDZandeTimestamps00:00 Introduction to Inkwell Finance and Technical Architecture02:06 Understanding Sui and Solana: Blockchain Dynamics05:55 The Role of Ika in Inkwell Finance11:51 Leviathan: Revenue Generation and Financing in Crypto17:38 The Future of AI Agents and Programmatic Wallets23:23 Smart Contracts: Legal Implications and Future Directions25:06 The Future of Inqvil Finance25:42 Decentralization and Its Evolution27:32 The Merging of Traditional and Crypto Systems29:33 Global Financial Dynamics and Market Reactions31:48 The Collapse of Traditional Financial Systems32:46 Jurisdictional Shifts in the Crypto World33:59 Legal Systems and Blockchain Integration35:57 On-Chain Credit and Financial Opportunities39:29 The Role of AI in Finance41:30 Learning from Peer-to-Peer Lending History43:14 Disruption in Insurance and Risk Management44:54 On-Chain vs Off-Chain Data46:54 The Evolution of the Internet and Blockchain49:12 Future Subscription Models in BlockchainKey Insights1. Ika's Revolutionary Blockchain Signature Technology: Lars discovered Ika, a blockchain of signatures built on Sui that enables any blockchain transaction to be signed without revealing the underlying message. Using patented 2PC MPC technology, Ika splits key shares across validators and encrypts them in transit, performing complex cryptographic operations that allow smart contracts on Sui to generate signatures for transactions on any other blockchain. This eliminates the need to build separate smart contracts on each blockchain, fundamentally changing how cross-chain interactions work and opening possibilities for truly interoperable decentralized applications.2. Programmatic Wallets vs Traditional Wallets: Traditional wallets like MetaMask require manual user approval for every transaction through a front-end interface, but Ika's D-wallet introduces programmatic wallets with policy-based controls embedded in smart contracts. These wallets can execute transactions based on predetermined conditions checked against on-chain data like Oracle prices, without requiring individual user signatures. For example, a Bitcoin D-wallet can hold native Bitcoin without wrapping or bridging to a custodian, and smart contract policies determine when and how that Bitcoin can be transferred, creating unprecedented security and automation possibilities for decentralized finance.3. Inkwell's Revenue-Based Financing Model: Inkwell Finance is building Leviathan, a revenue-based financing platform for on-chain entities including protocols, AI agents, and individual traders with verifiable track records. Borrowers receive capital based on their on-chain performance metrics like sharp ratio and drawdown, with loan repayment automatically deducted from their revenue stream. The profit split structure allocates approximately 60% to borrowers, 30% to lenders, and 10% split between Inkwell and integrating platforms. This creates a sustainable lending model where flight risk is minimized through D-wallet policy controls that restrict how borrowed capital can be used.4. Wallet-as-a-Protocol and the Future of User Experience: The crypto industry is moving toward embedded wallet solutions that eliminate the friction of traditional wallet management, with Wallet-as-a-Protocol representing the next evolution beyond services like Privy and Dynamic. Unlike current embedded wallets that lock users into specific applications, Wallet-as-a-Protocol enables single sign-on across multiple applications while users maintain control of their keys. Combined with app-sponsored gas fees, this approach allows non-crypto-native users to interact with blockchain applications without knowing they're using crypto, removing the biggest barrier to mainstream adoption and creating web2-like user experiences on web3 infrastructure.5. AI Agents as Financial Entities: AI agents are emerging as revenue-generating entities with on-chain transaction histories that create verifiable track records for creditworthiness assessment. Inkwell Finance is specifically targeting this market, recognizing that AI agents will need wallets and capital to operate effectively. The programmatic nature of D-wallets pairs perfectly with AI agents, as policy controls can restrict agent behavior to specific smart contract interactions, preventing unauthorized fund transfers while allowing automated trading or revenue generation. This creates a new category of borrower that operates 24/7 with completely transparent performance metrics, fundamentally different from traditional loan recipients.6. Cross-Chain Liquidity Without Asset Transfer: Ika's technology enables users to take loans against revenue generated on one blockchain and deploy that capital on entirely different blockchains without moving their original liquidity positions. For instance, someone earning yield on Sui's Fusol protocol could borrow against that revenue stream and deploy capital on Solana opportunities, effectively creating multiple on-chain businesses that generate their own credit scores and revenue to service debt. This ability to read state across different blockchains from within smart contracts opens possibilities for multi-chain strategies that don't require withdrawing capital from productive positions, maximizing capital efficiency across the entire crypto ecosystem.7. The Convergence of Traditional Finance and Crypto Infrastructure: The regulatory landscape is rapidly evolving with initiatives like the Genius Act and Clarity Act creating frameworks where traditional financial systems merge with crypto infrastructure through mechanisms like stablecoins backed by US treasuries. Companies are increasingly establishing entities in the United States to access capital networks and Delaware's established legal framework while issuing tokens through jurisdictions like Switzerland. This hybrid approach, combined with emerging concepts like Gabriel Shapiro's "cybernetic agreements" that make smart contract parameters legally enforceable in traditional courts, suggests the future isn't pure decentralization but rather a sophisticated integration of on-chain and off-chain legal and financial systems.

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Tariffs have caused negative feelings around the world regarding the U.S. Some say if they sold all their US bonds it could sink our stock market. Is that true? Subscribe or follow so you never miss an episode! Check out Fire Your Financial Advisor on YouTube! Learn more at GoldenReserve.com or follow on social: Facebook & LinkedIn.See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Seattle Seahawks won their second Super Bowl title on Sunday, beating the New England Patriots by a score of 29-to-13 at Super Bowl LX at Levi's Stadium in Santa Clara, CA. The Seahawks' defense came out strong, recording six sacks and forcing two interceptions against Patriots quarterback Drake Maye. Seahawks RB Kenneth Walker III was named Super Bowl MVP for his offensive efforts, becoming the first running back to win the award since the Denver Broncos' Terrell Davis in 1998.2) Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter. Officials urged banks to limit purchases of US government bonds and instructed those with high exposure to pare down their positions, the people said, asking not to be identified discussing private deliberations. The directive doesn’t apply to China’s state holdings of US Treasuries. Communicated verbally to some of the nation’s biggest banks in recent weeks, the guidance reflects growing wariness among officials that large holdings of US government debt may expose banks to sharp swings, the people said. The worries echo those made by governments and fund managers elsewhere amid a brewing debate over the safe haven status of US debt and the appeal of the dollar.3) Japanese Prime Minister Sanae Takaichi secured a historic election triumph, positioning her as the nation’s strongest leader in the postwar era in an outcome that sent stock prices and bond yields soaring. Her ruling Liberal Democratic Party achieved the biggest post-war victory for a single-party in a general election in Japan, an extraordinary transformation of fortunes for a party that was on the ropes last summer before getting behind the nation’s first ever female premier in October. The LDP secured a two-thirds super majority in the 465-seat lower house by itself, according to public broadcaster NHK. A tally of results by NHK early Monday showed that the ruling coalition had won 352 seats in the lower house, expanding its previous razor-thin majority of 233 by a considerable margin. The LDP’s haul of 316 seats gives it a higher proportion of representatives in the lower house than any other party in post-war Japan.See omnystudio.com/listener for privacy information.

China is reportedly urging banks to curb USTs exposure amid market risk, Bloomberg reports, citing sources; guidance does not apply to China's state holdings of US Treasuries.Japanese PM Takaichi's LDP party won a landslide victory at the snap election on Sunday, securing a super majority; JPY bid, JGBs lower and Nikkei 225 soars.European bourses are broadly firmer, whilst US equity futures move lower; Nikkei 225 soars post-LDP victory.USD hit on China-USTs report, JPY strengthens post-LDP, whilst GBP lags on regional political woes.JGBs set a bearish tone for global fixed income, with USTs also dragged on the China-USTs report; Gilts digest the McSweeney resignation and reports that PM Starmer faces further pressure to resign.WTI and Brent are flat. Precious metals continue to rebound as the PBoC buys gold for a 15th consecutive month.Looking ahead, highlights include US Consumer Inflation Expectations (Jan), BoC Market Participants Survey. Speakers include ECB's Lane & Lagarde, Fed's Waller & Bostic, Earnings from Apollo, Becton Dickinson, Loews, On Semiconductor & Cleveland-Cliffs.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

APAC stocks began the week higher after last Friday's rally on Wall St, where the DJIA topped the 50k level for the first time.The Nikkei 225 also hit a fresh record high after PM Takaichi's landslide election victory and supermajority.China is reportedly urging banks to curb US Treasuries exposure amid market risk, Bloomberg reports, citing sources; guidance does not apply to China's state holdings of US Treasuries.European equity futures indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed higher by 1.2% on Friday.Highlights include Swiss Consumer Confidence (Jan), Norwegian GDP (Q4), Mexican Inflation (Jan), US Consumer Inflation Expectations (Jan), BoC Market Participants Survey. Speakers include ECB's Lane & Lagarde, Fed's Waller & Bostic, Earnings from Apollo, Becton Dickinson, Loews, On Semiconductor & Cleveland-Cliffs.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

I can't tell you how many messages I am getting from people about silver.Have I seen this video, read this article, looked at this data, listened to this podcast. JP Morgan is about to go bust, the paper markets are overwhelmed, the price is manipulated, China is setting the real price, this is a reset. And so on.The problem with speculative manias, especially when silver is involved, is that enormous amounts of misinformation get spread, much of it about things you and I, as ordinary investors, can do nothing about.Take it all with a pinch of salt is my advice.What I find interesting is that similar amounts of misinformation are being spread about bitcoin. The price is being manipulated on the futures markets, Strategy is about to go bust, Michael Saylor is this, that and the other, and so on. It's game over.The only real difference is that one is in a bull market, which may or may not be over, and the other is in a bear market, which may or may not be over. Sentiment for both is at extremes, albeit at different ends of the investment spectrum.During every crypto winter I've known, people start to give up on it. The future is no longer what it once was. The tech is flawed. It's going to zero. It's not real. It's a scam invented by the CIA, Jeffrey Epstein, Elon Musk, take your pick.Again, take it all with a pinch of salt.Remember, neither situation is permanent.There is a case for owning both, and I do in my portfolio.I'd rather bitcoin was $150,000 and more, of course I would. But I'll take a sportsman's bet that, from current levels over the next 12 months, bitcoin will outperform gold, and probably silver.I know some readers prefer tangible precious metals. Others prefer bitcoin. Both points of view are fine. Each to their own. But I'm an own-both guy. Over the past six months the disappointment in bitcoin has been more than offset by the gains in precious metals. In previous years the reverse has been true, and the reverse will be true again.With the extraordinary accumulation of gold by central banks, the rising price, Triffin's Dilemma, and de-dollarisation, I do think it is possible some kind of reset is coming as far as gold is concerned. The price does need to go much higher for it to overtake the dollar as central banks' primary reserve asset. It has already overtaken US Treasuries.But that does not mean silver is going to be remonetised. Silver's monetary role was always as a medium of exchange, and we now live in a world where exchange is almost entirely digital. Yes, I would prefer to be paid in physical silver. There is something quite spiritual about being paid for a job in physical silver. But so what. Convenience wins.Silver's role as a store of wealth was minimal. That is where gold still has use.Yes, silver has umpteen industrial uses. It is a critical metal and in short supply. A rising gold price will carry silver higher too, just as it has platinum in recent months. But I don't buy the monetary reset arguments as far as silver is concerned.I do get them about gold though.Anyway, good Sunday to you.This week I appeared on Geoff Norcott's podcast. If you fancy a watch or a listen, here are links to Spotify and Apple podcasts.If you live in a third world country such as the UK, I urge you to own gold or silver. The pound will be further devalued, as will the euro and dollar. The bullion dealer I recommend, whereever you are int he world, is The Pure Gold Company. More here.ICYMI here is this week's commentaryThis coming week I'll be looking at the tax loss trades and I am aiming to have more on oil as well.Until next timeDominic This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Ai slop as usual for shownotes. If HKJ pays me some of those HKDs then I'll maybe make an effort. Until then, eat your robot kibble and enjoy the show! Australia Day tensions at home and political shocks abroad drive this packed episode of The Two Jacks. Joel (Jack the Insider) and Hong Kong Jack unpack the Liberal–National implosion, leadership manoeuvring, hate‑speech laws and neo‑Nazi “martyrs” springing from Australia Day rallies and a near‑catastrophic device in Perth. They then cross to the US for the fallout from the ICE killing of Minneapolis nurse Alex Pretty, Kristi Noem's precarious future, Trump's political instincts, and Mark Carney's Davos warning that we now live in a world with “no rules.” Along the way they dissect Brexit's economic hangover, EU over‑regulation, India's Republic Day contrast with Australia's low‑key national day, and finish with sport: Premier League title nerves, Australian Open heat controversies, bushfires, and a final detour through film censorship trivia in Ireland.00:00 – Theme and intro00:25 – Welcome back to The Two Jacks; Joel (Jack the Insider) in Australia and Hong Kong Jack set the scene for episode 142, recorded 27 January, the day after Australia Day.​Australian politics and the Liberal–National implosion00:40 – Coalition “no more”: the decoupling of Liberals and Nationals, and whether Anthony Albanese is the Stephen Bradbury of Australian politics or a quiet tactician.​01:10 – How Labor's racial vilification moves and 18C history boxed the opposition in; Susan Ley's failed emergency‑sitting gambit on antisemitism laws.​02:00 – Firearms law changes and new powers to ban hate groups like Hizb ut‑Tahrir and the National Socialist Network, and the role of ASIO referrals and ministerial discretion.​03:10 – Canavan's “slippery slope” fears about bans being turned on mainstream groups, and what that reveals about the Nationals' hunger for anti‑immigration rhetoric under pressure from One Nation and Pauline Hanson.​Centre‑right parties in a squeeze04:00 – The Nationals as the “five‑percenters” who pull the coalition's agenda with a small vote share; listener Bassman calls them the “un‑Nationals.”​05:00 – Global “tough times” for centre‑right parties: the pincer between moving to the centre (and leaving a vacuum for far‑right populists) or moving right and losing the middle.​05:40 – Hong Kong Jack's argument for broad churches: keeping everyone from sensible One Nation types to inner‑city wets under one tent, as Labor did with its far‑left “fruit loops” in the 1980s.​07:00 – Decline of small‑l liberals inside the Liberal Party, the thinning ranks of progressive conservatives, and the enduring “sprinkling of nuts” on the hard right.​Leadership spills and who's next07:20 – Susan Ley's lonely press conferences, Ted O'Brien's silence, and the air of inevitability about a leadership spill before or by budget time.​08:20 – Why the leadership needs “strength at the top”: the Gareth Evans line to Hawke – “the dogs are pissing on your swag” – as a metaphor for knowing when to go.​09:20 – Conversation about Angus Taylor, Andrew Hastie, Ted O'Brien and even Tim Wilson as possible leaders, and why the wrong timing can make almost anyone opposition leader.​10:40 – History lesson: unlikely leaders who flourished, from Henry Bolte in Victoria to Albanese, once dismissed by his own colleagues as a long shot.​11:40 – Albanese's long apprenticeship: learning from Howard's cautious style and the Rudd–Gillard chaos, and his instinct for the national mood.​Listener mail: Nationals, Barnaby and “public bar” politicians13:00 – Listener Lawrence compares One Nation to Britain's Reform Party; asks if Barnaby Joyce's baggage (drought envoy rorts, “Watergate,” drunken footpath photo) undermines his retail skills.​14:20 – Debating whether Barnaby ever was the “best retail politician” in the country; why he works brilliantly in rural and regional pubs but is “poison in the cities.”​16:10 – The “public bar” politician ideal: Barnaby as hail‑fellow‑well‑met who genuinely likes the people he's talking to, contrasted with Whitlam and Fraser looking awkward in 1970s pub photo ops.​17:20 – John Howard scrounging a fiver to shout a round, Barry Jones dying in Warrnambool pubs, and why Bob Hawke and Tony Abbott always looked at home with a schooner.​Australia Day, antisemitism and street violence18:00 – Australia Day wrap: The Australian newspaper's “social cohesion crisis” framing after antisemitism, violence and extremist rhetoric.​19:10 – Perth's rudimentary explosive device: ball bearings and screws around a liquid in a glass “coffee cup” thrown into an Invasion Day crowd at Forrest Place; police clear the area quickly.​21:00 – Melbourne: small March for Australia turnout, scuffles between their supporters and Invasion Day marchers, arrests likely to follow.​22:10 – Sydney: March for Australia rally of around 2,000 ending at Moore Park, open mic session, and the selection of a man wearing a Celtic cross shirt who launches into a vile antisemitic rant.​23:20 – His subsequent arrest in Darlinghurst and the Section 93Z charge (publicly threatening or inciting violence on racial or religious grounds), with possible three‑year jail term and $11,000 fine.​24:40 – Why the speech appears to meet the elements of the offence, and how such defendants are quickly turned into martyrs and crowdfunding heroes by the extreme right.​26:10 – The psychology of self‑styled martyrs seeking notoriety and donations; parallels with “Free Joel Davis” signs after threats to MP Allegra Spender.​Australia Day vs India's Republic Day27:20 – Australia Day clashing with India's Republic Day: Joel only just realises the overlap; Jack has known for years.​28:00 – History recap: Australia Day as a 1930s invention, not a national holiday until Keating's government in 1995; its big cultural take‑off in the 1988 Bicentennial year.​29:10 – India's enormous Republic Day parade: 10,000+ guests, missiles and tanks on show, EU leaders in attendance, congratulations from President Trump and President Xi – easily out‑shining Australia's low‑key day.​30:00 – Why big military parades feel culturally wrong in Australia; the discomfort with tanks and squeaky‑wheeled machinery rolling down main streets.​30:30 – The 26 January date debate: protests by Invasion Day marchers vs “flag shaggers,” plateauing protest numbers, and the sense that for most Australians it's just another day off.​31:20 – Arguments for a different nation‑building day (maybe early January for a built‑in long weekend), and the need for a better way to celebrate Australia's achievements without performative patriotism.​32:40 – Local citizenship ceremonies, Australia Day ambassadors and quiet country‑town rituals that still work well in spite of the culture war.​Minneapolis outrage, ICE shootings and US politics34:20 – Turning to the United States: the shooting of ICU nurse Alex Pretty by ICE agents in Minneapolis and the shock it has injected into US domestic politics.​34:50 – Video evidence vs official narrative: Pretty appears to be disarmed before being shot; the administration initially claiming he was planning a massacre of ICE agents.​35:40 – Trump's early blame of Democrat officials and policies, then a noticeable shift as outrage spreads more broadly across the political spectrum and the Insurrection Act chatter cools.​36:20 – Tom Homan's deployment to Minneapolis, the demotion of Border Patrol commander Greg Bovino, and reports that Homan will now report directly to President Trump rather than Kristi Noem.​37:10 – Internal GOP friction: suggestions Noem relished confrontation, while Homan did not; speculation Noem may be the first cabinet‑level casualty.​38:00 – Use of children as bait in immigration operations, American citizens detained, and two civilians shot dead by ICE; discussion of likely multi‑million‑dollar compensation exposure.​39:00 – Allegations of bribery and “missing 50 large,” the checkered backgrounds of some ICE agents and rumours about extremist links and failed cops finding a home in ICE.​40:00 – A snap YouGov poll: 46% of respondents wanting ICE disbanded, 41% opposed, and how this feeds the narrative that Noem will be thrown under the bus.​Sanctuary cities, federal power and Pam Bondi's letter41:10 – Trump's boastful but error‑strewn talk on Article 5 of the NATO treaty, and his correction that still belittled allies' sacrifices in Afghanistan.​41:40 – Casualties by nation: US 2,461, then significant losses from the UK, Canada, France, Germany, Italy, Denmark, Australia, Poland, Spain and others – disproving Trump's “America alone” framing.​42:30 – Sanctuary cities vs federal supremacy: recalling the 2012 Arizona case where the Supreme Court confirmed immigration enforcement as a federal responsibility, and how that collides with sanctuary policies.​43:10 – Pam Bondi's letter to Minnesota's governor after the second ICE killing: reported threat to pull ICE agents in exchange for electoral records, and the ominous implications of such demands.​Greenland, Davos and market games44:00 – Trump's Greenland obsession revisited: from bluster at Davos about tariffs on European allies to a supposed “deal” that no‑one, including the Danes, can define.​44:40 – How tariff threats knocked markets down, then his Davos announcement walked them back and sent markets up; Ted Cruz warning Trump that crashing 401(k)s and high inflation would make the midterms a bloodbath.​45:40 – Japan and the US bond market: a brief panic in Japanese bonds, a Danish super fund's sale of US Treasuries, and the longer‑term vulnerability given that Japan, China and the EU hold so much US debt.​46:30 – Trump's relentless pressure on the Fed for lower rates in an inflationary environment, and the comparison with Erdogan's disastrous low‑rate, high‑inflation experiment in Turkey.​Davos speeches and a world with no rules47:10 – Mark Carney's standout Davos speech: we now live in a geopolitical environment with “no rules,” and the post‑WWII rules‑based order has largely broken down.​47:50 – Carney's planned March visit to Australia and likely address to a joint sitting of Parliament, plus his reputation as a sharp, articulate central banker.​48:20 – Hong Kong Jack's scepticism about “international law” as more fiction than practice; non‑Western powers paying lip service while ignoring it in reality.​49:00 – The German Chancellor's more consequential Davos speech on EU failures, competitiveness, and the need to reinvent Europe, backed in by Italian PM Giorgia Meloni.​49:40 – The “Sir Humphrey” view of the EU: you can only reform Brussels from the inside, not from outside as Brexit Britain is discovering.​Brexit's economic hit50:10 – Chancellor Mertz's critique of EU over‑regulation and the “world champions at regulation” line; the EU as an anti‑competitive behemoth that lost its free‑trade roots.​50:50 – Why countries like Spain struggle alone but “pack a punch” within the EU's collective GDP; Brexit as a decision to leave the world's biggest trading bloc.​51:20 – UK Office for Budget Responsibility analysis: since the 2016 referendum, estimated UK GDP per capita by 2025 is 6–8% lower than it would have been, with investment 12–18% lower and employment 3–4% lower than the “remain” counterfactual.​52:10 – How these losses emerged slowly, then accumulated as uncertainty persisted, trade barriers rose and firms diverted resources away from productive activity.​52:40 – Jack challenges the counterfactual: notes that actual UK GDP growth is only a couple of points below EU averages and doubts that UK governments would have outperformed Europe even without Brexit.​53:20 – Joel's rejoinder that the OBR work is widely accepted and that Brexit has created profound long‑term impacts on Britain's economy over the next 5–10 years.​Sport: cricket, Premier League and Australian Open heat55:20 – Australian cricket's depth: promising leg‑spinners and other talent juggling Shield cricket with gigs in the Caribbean Premier League, Pakistan Super League and more.​55:50 – Premier League title race: Arsenal's lead cut from seven to four points after a 3–2 loss to an invigorated Manchester United that also beat City in the derby.​56:30 – The “sugar hit” of a new coach at United, reverting to a more traditional style and the question of how long the bounce will last.​57:10 – Australian Open “Sinner controversy”: oppressive heat, the heat index rules for closing the roof, Jannik Sinner cooked at one set all before a pause, roof closure and air‑conditioning – and then a comfortable Sinner win.​58:00 – Accusations about coach Darren Cahill lobbying tournament boss Craig Tiley, and why the footage doesn't really support conspiracy theories.​58:30 – Djokovic's soft run after a walkover, the emergence of 19‑year‑old American Tien with Michael Chang in his box, and Chang's devout‑Christian clay‑court glory at Roland Garros.​59:20 – Heatwave conditions in southern Australia, fires in Victoria and the Otways/Jellibrand region, and a shout‑out to firefighters and residents under threat.​Final odds and ends01:00:20 – Closing thoughts on Australia's weather extremes, hoping for a wind change and some respite for the fireys.​01:00:50 – Jack's trivia nugget: Casablanca was once banned in Ireland for not being “sufficiently neutral” and not kind enough to the Nazis, segueing to bans on Lady Chatterley's Lover and Australian censorship history.​01:02:00 – Sign‑off from Joel (Jack the Insider) and Hong Kong Jack, promising to track the Perth bombing case, hate‑speech prosecutions, Canberra leadership moves and the unfolding Minneapolis/ICE scandal in future episodes.

On today's podcast:1) President Trump said he was looking to “de-escalate” in Minnesota with a reshuffle of the leadership running his deportation effort in the state following widespread outcry over the killing of two US citizens by federal agents. Still, the president denied he was pulling back his immigration crackdown and said that Homeland Security Secretary Kristi Noem would remain in her post, as he looked to signal a recalibration rather than a retreat in the aftermath of the Jan. 24 fatal shooting of 37-year-old intensive care nurse Alex Pretti by a Border Patrol agent during an enforcement operation. Meantime, US Representative Ilhan Omar was charged at by a man who appeared to squirt an unknown liquid on her during a town hall gathering in Minneapolis, as she called for consequences for the federal officials overseeing President Trump’s aggressive immigration policies.2) President Trump’s relaxed tone about the dollar selloff is fueling speculation the US currency is at the start of a longer-term decline. The dollar suffered its deepest one-day drop since last year’s tariff rollout after Trump said on Tuesday he didn’t think the currency had weakened excessively. Bloomberg’s dollar gauge slid as much as 1.2% as the comments sapped the appeal of the greenback and US Treasuries — boosting what has become known as the debasement trade. The dollar’s recent decline is great for US businesses, Trump told reporters in Iowa. While that’s in line with previous commentary from US officials, his remarks moved currency markets late Tuesday, partly because they appeared to validate the steep decline in the greenback in recent sessions.3) Federal Reserve Chair Jerome Powell may try to direct attention back to the economy this week, with the US central bank widely expected to hold interest rates steady after three straight reductions. But Powell’s first press conference since the Fed was served grand jury subpoenas — and coming days after the Supreme Court heard arguments regarding the attempted removal of another Fed governor — is bound to include questions about political pressure, central bank independence and what the Fed chief plans to do after his term as chair ends in May. A decision to hold rates steady this month is likely to garner broad support from policymakers following a series of contentious cuts. While the majority of officials agreed in those instances to backstop a weakening labor market, another group of policymakers pushed for the focus to remain on elevated inflation.See omnystudio.com/listener for privacy information.

Daniel Lam talks about how US Treasuries' positioning has moved to much more neutral territory, and why we continue to be pro-risk overall.Speaker: - Daniel Lam, Head of Equity Strategy, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on YouTube.

Zhan Chen outlines ICMA's engagement with members and regulators on the implications of the SEC's US Treasury clearing mandate and market readiness challenges.

US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT's Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine. Mentioned in this podcast:Dollar and US stocks fall as Trump says ‘no going back' on Greenland bidCould Europe really leverage its $12.6tn pile of US assets?Netflix highlights industry competition as it seeks Warner Bros deal approvalThe Chinese suppliers that could decide the drone war in UkraineCredit: ReutersNote: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT's Global Head of Audio. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is a recap of the top 10 posts on Hacker News on January 20, 2026. This podcast was generated by wondercraft.ai (00:30): Danish pension fund divesting US TreasuriesOriginal post: https://news.ycombinator.com/item?id=46692594&utm_source=wondercraft_ai(01:55): De-dollarization: Is the US dollar losing its dominance? (2025)Original post: https://news.ycombinator.com/item?id=46693346&utm_source=wondercraft_ai(03:21): I'm addicted to being usefulOriginal post: https://news.ycombinator.com/item?id=46690402&utm_source=wondercraft_ai(04:46): The Overcomplexity of the Shadcn Radio ButtonOriginal post: https://news.ycombinator.com/item?id=46688971&utm_source=wondercraft_ai(06:12): Porsche sold more electrified cars in Europe in 2025 than pure gas-powered carsOriginal post: https://news.ycombinator.com/item?id=46686640&utm_source=wondercraft_ai(07:37): A 26,000-year astronomical monument hidden in plain sight (2019)Original post: https://news.ycombinator.com/item?id=46695628&utm_source=wondercraft_ai(09:03): Nvidia Stock Crash PredictionOriginal post: https://news.ycombinator.com/item?id=46693205&utm_source=wondercraft_ai(10:28): Nova Launcher added Facebook and Google Ads trackingOriginal post: https://news.ycombinator.com/item?id=46686655&utm_source=wondercraft_ai(11:54): California is free of drought for the first time in 25 yearsOriginal post: https://news.ycombinator.com/item?id=46698660&utm_source=wondercraft_ai(13:20): Running Claude Code dangerously (safely)Original post: https://news.ycombinator.com/item?id=46690907&utm_source=wondercraft_aiThis is a third-party project, independent from HN and YC. Text and audio generated using AI, by wondercraft.ai. Create your own studio quality podcast with text as the only input in seconds at app.wondercraft.ai. Issues or feedback? We'd love to hear from you: team@wondercraft.ai

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe Danes are pushing back and they are planning to sell all US Treasuries. The EU is moving forward with the Great Reset. The US and EU are moving in opposite directions. SC hearing the Fed case, Cook committed fraud. Message is clear, globalism has failed. The [DS] is now planning to push the agenda of shutting down the midterm elections. They are pushing an insurrection to push Trump into shutting down the election. The opposite will happen, Trump is preparing to make it possible to have one day voting. The message is clear, expose the criminal syndicate and the crimes they have committed to the people of this country. Then once the people understand, arrest those involved. Finally win the midterms to have accountability. This is not just a 4 year election.   Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/KobeissiLetter/status/2013609922974421502?s=20  push for Greenland. https://twitter.com/WallStreetMav/status/2013591319399092551?s=20 https://twitter.com/disclosetv/status/2013563044270383434?s=20 Europe is going for a digital Euro which will allow people to be cut off financially in 2029 if they say anything the government doesn't like    https://twitter.com/profstonge/status/2013589829951615468?s=20 Supreme Court to hear Trump case on firing Federal Reserve governor  Howard Lutnick: “Globalism Has Failed”…  The fully engaged Trump MAGAnomic team begin their outlines to the World Economic Forum in Davos with Commerce Secretary Howard Lutnick and the top line announcement, “Globalism has failed the United States of America.”   Lutnick explains the reason are for President Trump's policy. Why would the EU destroy it's own energy policy?  “Why would Europe agree to be ‘net-zero' in 2030, when they don't make a battery,” he asked.  Thus, the pragmatic realism of policy intersects with the hypocritical action and creates an outcome that no one can explain.  “So, if they go 2030, they are intentionally deciding to be subservient to China who makes the batteries,” he continued.  This makes absolutely no sense. Source: theconservativetreehouse.com Political/Rights https://twitter.com/KristiNoem/status/2013275291385319855?s=20   last 6 weeks, our brave DHS law enforcement have arrested 3,000 criminal illegal aliens including vicious murderers, rapists, child pedophiles and incredibly dangerous individuals. A HUGE victory for public safety. There is MASSIVE Fraud in Minneapolis, at least $19 billion and that's just the tip of iceberg. Our Homeland Security Investigators are on the ground in Minneapolis conducting wide scale investigations to get justice for the American people who have been robbed blind. MAKE AMERICA SAFE AGAIN https://twitter.com/rawsalerts/status/2013058985125929230?s=20 https://twitter.com/libsoftiktok/status/2013363079086567449?s=20 https://twitter.com/lukerosiak/status/2013419999000424488?s=20   Minnesota Transgender State Rep. Leigh Finke Calls on Anti-ICE Protestors to Storm More Churches  Minnesota transgender State Rep. Leigh Finke called on leftists to storm more churches in protest of ICE. Far-left anti-ICE protestors stormed Cities Church in St. Paul, Minnesota, on Sunday. Source: thegatewaypundit.com https://twitter.com/mrddmia/status/2013337519853834307?s=20  ” Don Lemon can go to hell. But he must go to federal prison first. https://twitter.com/AAGDhillon/status/2013311806647738613?s=20   anything but a Government job. Investigate these Corrupt Politicians, and do it now! https://twitter.com/RealJessica/status/2013413159663534169?s=20 https://twitter.com/TheLastRefuge2/status/2013437081947640243?s=20   DOGE Geopolitical https://twitter.com/AwakenedOutlaw/status/2013431594967802038?s=20   candidates who will do precisely that. Turns out you can just do things. https://twitter.com/EricLDaugh/status/2013607858760196486?s=20 https://twitter.com/KobeissiLetter/status/2013614189823004938?s=20   https://twitter.com/DataRepublican/status/2013597058142294419?s=20 https://twitter.com/disclosetv/status/2013624149948723648?s=20    extremely important land is an act of GREAT STUPIDITY, and is another in a very long line of National Security reasons why Greenland has to be acquired. Denmark and its European Allies have to DO THE RIGHT THING. Thank you for your attention to this matter. PRESIDENT DONALD J. TRUMP https://twitter.com/HungaryBased/status/2013364583168098337?s=20   https://twitter.com/nettermike/status/2013455319201128884?s=20   Cold War – Eisenhower → Kennedy: nonstop negotiations for bases, radar, missiles. Post–Cold War – Clinton/Bush/Obama: expanded Arctic security & missile defense. 2019 – Trump: said publicly what presidents discussed privately for 150+ years. The U.S. didn't “suddenly” want Greenland. It's been defending it, negotiating it, and embedding there since the 1800s. Greenland = Arctic power, shipping lanes, missiles, minerals. Trump didn't invent it. He said the quiet part out loud. https://twitter.com/scrowder/status/2013340689522925582?s=20  2/3 of NATO defense costs. That imbalance, and the arrogance behind it, is why Greenland is on the table.   https://twitter.com/KobeissiLetter/status/2013591373006676322?s=20   Reports: Iranian Regime Accused of Using Chemical Agents in Crackdown on Protesters  The Iranian regime is accused of using deadly chemicals against the protesters who want the regime replaced. Growing allegations that the Islamic Republic of Iran may have used chemical agents against protesters have intensified scrutiny of the regime's most recent crackdown, described by observers as the deadliest suppression of public dissent in the country's modern history. The claims gained momentum following the circulation of footage from Sabzevar showing Iranian security forces equipped with protective gear typically associated with hazardous chemical environments, as well as testimony from protesters in Tehran describing prolonged and unusual medical symptoms after exposure to what authorities labeled “tear gas.” Video at Iran So Far Away.     source: thegatewaypundit.com https://twitter.com/GBNT1952/status/2013441161247998050?s=20 This is how states demonstrate commitment along a shared line of effort without firing a shot: visible logistics, presence, and implied backing that complicate an opponent's decision cycle. This is also why the USS Abraham Lincoln Carrier Strike Group is on the way to the Middle East as we speak. From a doctrinal standpoint, this kind of move deliberately raises the escalation ladder, forcing US planners to account not just for Iranian responses, but for second and third order effects involving a near peer competitor. That reality likely explains why President Trump has avoided striking Iranian targets, because any kinetic action now risks collapsing the problem set from a regional contingency into a multi theater confrontation. In simple terms, Iran stops being a standalone target and becomes part of a larger system tied to Chinese interests, and no serious commander ignores force posture, alliance signaling, and deterrence dynamics when weighing an OPLAN. China obviously understands this, which is precisely why these moves matter: they restrict American freedom of action by design, without ever needing to engage directly. Thus the Iran problem becomes even more complex. War/Peace https://twitter.com/DougAMacgregor/status/2013468575055405338?s=20 https://twitter.com/HansMahncke/status/2013426712839614628?s=20 Oh Dear – The Wall Street Journal Just Realized, President Trump is Making U.N. Functionally Obsolescent  The Wall Street Journal just realized the purpose of President Trump inviting world leaders to a new structure of global leadership. As the outlet contemplates the mission of the “Gaza Board” they recognize the bigger intention, the nullification of the United Nations. WASHINGTON DC – President Trump has expanded the mission of his proposed Gaza Board of Peace into a global body that would take on the role mediating conflicts currently held by the United Nations and carry a $1 billion fee for a permanent seat, according to a charter sent to prospective members. “It's hard not to read this as an attempt to establish a precedent in Gaza that could be used elsewhere in terms of saying that Trump is going to be calling the global shots here, and you either fall in line or you're not part of the process,” said Julien Barnes-Dacey, director of the Middle East and North Africa program at the European Council on Foreign Relations. (read more) Figured that out all on their own, did they? Source: theconservativetreehouse.com Medical/False Flags [DS] Agenda https://twitter.com/amuse/status/2013471087640686700?s=20 BUSTED: California Ordered to Return $1+ BILLION After Dr. Oz–Led Audit Exposes Federal Healthcare Funds Spent on Illegal Immigrants The Trump administration has dropped the hammer on California and a coalition of deep-blue states after a sweeping federal audit uncovered more than $1.3 billion in misused federal healthcare funds spent on non-emergency medical care for illegal immigrants, a clear violation of federal law. A Federal auditors identified nearly $1.4 billion owed back to U.S. taxpayers, with California alone accounting for the overwhelming majority: California: ~$1.3 billion New York: ~$30.7 million Illinois: ~$29.8 million Minnesota: ~$12.7 million Oregon: ~$5.4 million Washington: ~$2.3 million Washington, D.C.: ~$2.1 million Colorado: ~$1.5 million TOTAL: ~$1.394 billion These funds were billed to the federal government for routine medical care, not emergencies, an explicit violation of Medicaid rules. WATCH: https://twitter.com/USAttyEssayli/status/2013360442626973796?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2013360442626973796%7Ctwgr%5E80a417827250e274cad382abb10aebc715484685%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fbusted-california-ordered-return-1-billion-after-dr%2F Source: thegatewaypudit.com https://twitter.com/FBI_Response/status/2013361891712631238?s=20   are th https://twitter.com/BehizyTweets/status/2013417355272130860?s=20 https://twitter.com/greg_price11/status/2013350008733487510?s=20   brackets of 8% and 10% on people making over $600K.  – A new 10% tax bracket for anyone making over $1M. – 3.8% investment tax on top of state income taxes. – Raise the hotel tax. – New personal property tax on landscaping equipment. – Ban gas powered leaf blowers. – Guarantee illegal aliens free education. – Make it illegal to approach somebody at an abortion clinic. – Extend the time absentee ballots can be received after election day to three days – Allow people to cast their votes electronically through the internet. – Expand ranked-choice voting. – Extend the deadline for ballot curing to one week after election day. – Redact the addresses of political candidates from FOIAs. – Add Virginia to the National Popular Vote Compact for presidential electors. – Make it illegal to hand count ballots. – $500 sales tax on firearm suppressors . – “Assault weapons” and large capacity magazine ban. – 11% sales tax on all firearms and ammunition. – Prohibit outdoor shooting of a firearm on land less than 5 acres. – Lower the criminal penalties for robbery. – Ban the arrest of illegal aliens in courthouses. – Remove mandatory minimum sentences. – Allow localities to install speed cameras.  Replace Columbus Day with “Indigenous Peoples Day.” https://twitter.com/nedryun/status/2013371388653117889?s=20  an existential threat to their party.” President Trump's Plan The Insurrection Act could be a dress rehearsal for interfering in the midterms President Trump has threatened to invoke the Insurrection Act, a statute first enacted in 1792, allowing him to deploy the military inside the United States in response to protests in Minnesota. The largely peaceful protests intensified after an Immigration and Customs Enforcement agency officer shot and killed Reneé Good, a Minneapolis mother, after an encounter. “If the corrupt politicians of Minnesota don't obey the law and stop the professional agitators and insurrectionists from attacking the Patriots of ICE who are only trying to do their job, I will institute the INSURRECTION ACT,” Trump wrote last Thursday morning on Truth Social, adding that the move would “quickly put an end to the travesty that is taking place in that once great state.” He has already alerted 1,500 troops in Alaska for possible deployment to Minnesota. If he does it, the action will certainly face legal challenges. Occasional acts of violence do not an insurrection make. But don't bet on the Supreme Court to block Trump from invoking the law. Before this court, the bottom line is that Trump usually wins.   Americans have been traditionally uncomfortable with the use of the military for domestic law enforcement. Granted, the law gives the president power to deploy troops in an emergency. Trump tried it with the National Guard in Chicago but was shot down by the Supreme Court because of the statutory requirement of showing that “regular forces,” namely the military, would not be effective in executing the law.  Does Trump see the deployment of the military in Minnesota as a dress rehearsal for the armed forces policing key polling places to intimidate voters and seize voting machines? A slippery slope is always dangerous, and a slippery slope from a fragile democracy to a malignant authoritarianism is a real red flag for all of us. Source: thehill.com https://twitter.com/ElectionWiz/status/2013682627941630020?s=20 https://twitter.com/WarClandestine/status/2013329534729285982?s=20   It's all one giant criminal conspiracy, imbedded within our own system. Uprooting it, while managing public perception, is not an easy or straightforward task. This is why the Insurrection Act and the NG Quick Reaction Force are so important, because the enemy we are facing is within. Foreign adversaries have infiltrated the United States, and they used the Democrat Party as a vehicle to destroy this nation from within. The US MIL must be on standby to safeguard the public, because the Dems are going to try to burn this nation to the ground in an attempt to avoid accountability for their crimes . That's what you are witnessing right now. A cold/warm civil war, that the Dems are trying to turn into a hot civil war. https://twitter.com/DC_Draino/status/2013410848186798440?s=20  https://twitter.com/thomasjeans/status/2013481182785077577?s=20  https://twitter.com/justicecometh/status/2013434601935376795?s=20  https://twitter.com/TheNatConvo/status/2010225316598559209?s=20  https://twitter.com/MarioNawfal/status/2013577244950851725?s=20   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Is Bitcoin losing its "Digital Gold" status to traditional metals? Host Mark Longo and Bill Ulivieri of Cenacle Capital Management kick off 2026 by breaking down a frustratingly quiet crypto market. While BTC and ETH move like "widows and orphans" stocks, a new institutional player—The Canton Network—is appearing on the horizon. In this episode, we dive into: The BTC Breakdown: Analyzing the massive gap between Bitcoin and Gold performance. Volatility Shifts: How IBIT and TradFi are killing the legendary "crypto upside skew." Altcoin Universe: Why Ethereum is "sleeping" and what's next for Solana and Circle (CRCL). The "Drumroll" Moment: Bill introduces the Canton Network—the institutional play for US Treasuries on the blockchain. The 2026 Crystal Ball: Mark and Bill place their bets on where the VIX ends the year. This episode is brought to you by Amberdata. Eliminate infrastructure headaches and access granular digital asset data today at www.amberdata.io .

as a follow up to last show's 'Review of US Economy 2025', this week the show makes predictions where it's headed in 2026. Topics include US GDP for next year, jobs & unemployment, Inflation (CPI & PCE), Fed interest rates (short & long term), continued devaluation of the US dollar and its consequences, direction of financial asset bubbles (gold, silver, crypto, stocks), AI investment & real business spending, government spending (defense vs social programs), budget deficits and national debt, US trade deficit. Impact of global trends (BRICS, sanctions, dollar demand, demand for US Treasuries by China, BRICS, etc. also discussed).

Carol Roth, a “recovering” investment banker, financial television commentator, entrepreneur, and two-time New York Times best-selling author, joins Julia La Roche again for episode 321. Carol delivers a sobering assessment of America's broken fiscal foundation with debt-to-GDP over 120%, explaining why the K-shaped economy is creating a non-merit-based divide driven by policy and the administrative class wealth transfer. She discusses the wealth paradox - despite abundance, Americans are more stressed than ever due to housing, education, and healthcare costs - and predicts inflation will be the release valve for our debt crisis. Roth shares her bullish thesis on gold and precious metals as central banks shift away from US Treasuries, explains why the Fed's tools are now irrelevant in this fiscal dominance era, and reveals her predictions for 2026 including decoupling from European allies, Fed chaos, and wild out-of-the-box policies. This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJuliaLinks:  You Will Own Nothing: https://www.carolroth.com/nothing/ Follow Carol Roth on X: https://x.com/caroljsrothTimestamps: 00:00 Intro and welcome Carol Roth00:57 Big picture macro view: Broken fiscal foundation04:07 K-shaped economy debate and wealth paradox11:46 Administrative class wealth transfer problem18:33 Is Trump going to fix the broken fiscal foundation?24:37 Do rate cuts help everyday Americans?30:51 Gold as hedge and insurance policy37:50 "You Will Own Nothing" - what's changed since 202345:33 Predictions for 202648:58 Wrap up and where to find Carol

China sold a record amount of Treasuries last quarter, which is actually more confirmation of the monetary tightening story over the summer which is now spilling out into the mainstream in the form of elevated repo rates, SOFR, and repo borrowing from the Fed. At the same time and for very much related reasons, private foreign counterparties were buying huge amounts of, yes, US Treasuries. There was no rejection at all, quite the contrary all of it pointing to growing expectations for the fallout from flat Beveridge. Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Eurodollar University's EARLY BLACK FRIDAY SALEGet our DDA+ subscription including the DDA, a membership, and the Daily Briefing for one ultra-low price. Not only that, we'll also include the Substack One Big Weekly Theme subscription to. Huge value and huge savings. https://https://www.eurodollar.university/black-friday-2025---------------------------------------------------------------------------------------------------------------------https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU