Podcasts about Wall Street

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Miriam Schulman is the #1 Artist Business Coach, author of "Artpreneur: The Step-by-Step Guide to Making a Sustainable Living from Your Creativity"( HarperCollins 2023), and host of The Inspiration Place podcast. After leaving her career on Wall Street to become a full-time artist, she built a thriving business and now helps thousands of artists and creative entrepreneurs around the world do the same. Through her signature coaching program, the Artist Incubator, Miriam teaches artists how to price, market, and sell their work with confidence—without relying on social media fame. Her work has been featured in publications such as Forbes, The New York Times, and Igniting Creativity. Today, she's recognized as the leading voice helping artists turn their passion into a profitable business while staying true to their creative vision.Connect with Miriam here: https://www.linkedin.com/in/schulmanart/https://www.facebook.com/schulmanarthttps://www.instagram.com/schulmanart/schulmanart.comDon't forget to register for our LinkedIn Workshop here:https://www.thetimetogrow.com/AtoEonLinkedinWorkshop

Following the president's intervention in Venezuela, the Trump administration is escalating threats against several sovereign nations. Now, Cuba is set to lose access to one of its main suppliers of oil, adding pressure to its increasing energy shortage and an already struggling economy. This morning, we'll discuss with the BBC's Will Grant. Plus, President Donald Trump's pivot on Greenland was well-received on Wall Street, and renter affordability is improving.

This could seriously shake up the US housing market. President Trump recently outlined plans to crack down on big corporations, Wall Street firms, and hedge funds that have been scooping up single-family homes at scale. In short, the idea is to ban or severely limit institutional investors from dominating the residential housing market.On this episode of Investing in Real Estate, we're diving into the politics and economics of this proposal and its potential effects.

Many aspiring business owners believe buying a franchise is a shortcut to success, but Cliff Nonnenmacher explains why that assumption leads to costly mistakes. In this episode, Cliff joins Russ and Joey to share his journey from Wall Street investment banking to building, scaling, and exiting multiple franchise businesses.Drawing from decades of experience, Cliff explains why most people fail in franchising, not because the model is broken, but because they skip proper valuation, due diligence, and execution. He breaks down why buying at the right price matters more than brand recognition, how a poor "skills fit" destroys profitability, and why execution (not hype) creates real opportunity.The conversation also explores how successful investors think about exits before they ever buy, and the red flags that signal a franchise nightmare. Cliff shares real examples of buying failing franchises for pennies on the dollar and then selling for significant multiples.This episode is a must-listen for anyone considering franchising as a path to cash flow, business ownership, or long-term wealth creation.Top three things you will learn:-Why valuation and execution matter more than franchise brand names-The most common mistakes that turn franchises into financial traps-How to structure a business from day one with a profitable exit in mindAbout Our Guest:Cliff Nonnenmacher began his career as an investment banker at Morgan Stanley. After leaving his Wall Street career in 2003, he acquired a Master Franchise for New York and Connecticut, diving headfirst into franchising. Since then, Cliff has owned and operated various franchise and non-franchise businesses. He has also developed well-known domestic and international brands.Cliff has over 25 years of experience in franchising, finance, and business, and has been involved in every aspect of the franchisor-franchisee relationship. He now uses his extensive knowledge to assist corporate executives in building generational wealth, diversifying their investment portfolios, and navigating career transitions through franchise ownership.Disclaimer: The opinions expressed on this podcast are solely those of the hosts and guests and do not constitute financial advice. Always consult a licensed professional for financial decisions.This episode is sponsored by a podcast show partner. We may receive compensation if you use links or services mentioned in this episode.The hosts may have a financial interest in the programs or services mentioned in this episode.Connect with Cliff Nonnenmacher:-Website - Franocity.com

In this engaging conversation, Russell Gray shares his journey as a Main Street capitalist and emphasizes the importance of financial literacy, particularly for children. He discusses the historical context of economic freedom as envisioned by the Founding Fathers and contrasts Main Street capitalism with Wall Street practices. Russell advocates for direct investment in local communities and highlights the role of syndication in empowering Main Street investors. He introduces the Main Street Media Network as a platform for sharing ideas and fostering community among entrepreneurs. The discussion culminates in Russell's mission to promote purpose-driven capitalism and the establishment of the Fellowship of Christian Capitalists, aiming to support and encourage Christian entrepreneurs in their endeavors. Ultimate Show Notes: 00:00Introduction to Capital Hacking 02:27Meet Russell Gray: A Journey Through Capitalism 05:31Teaching Financial Literacy to the Next Generation 09:12Understanding Freedom: Financial vs. Political 13:00The Importance of Main Street Investing 20:40Building the Main Street Media Network 25:41Creating a Community of Purpose-Driven Capitalists 30:32The Role of Entrepreneurs in Society 35:14The Mission of Pray.com and Beyond 41:05Conclusion and Call to Action Connect with Russel: Home - Russell Gray follow@RussellGray.com Learn More About Accountable Equity:  Visit Us: http://www.accountableequity.com/   Access eBook: https://accountableequity.com/case-study/#register  Turn your unique talent into capital and achieve the life you were destined to live. Join our community!We believe that Capital is more than just Cash. In fact, Human Capital always comes first before the accumulation of Financial Capital. We explore the best, most efficient, high-integrity ways of raising capital (Human & Financial). We want our listeners to use their personal human capital to empower the growth of their financial capital. Together we are stronger. LinkedinFacebookInstagramApple PodcastSpotify

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode 762: Neal and Toby chat about the revived sentiments of “sell America” amid Trump's beef with European countries, threatening tariffs over his pursuit for Greenland. Then, the biggest names in business are in Davos and are already making headliner statements. Also, Netflix reported earnings that just squeaked by expectations, citing the toughest competition for viewers in recent years. Meanwhile, liquor sales are waning and some major alcohol companies are sitting with a glut of spirits. Finally, a wrap up of the biggest headlines from the day.  Grab your desktop calendar with games now! https://shop.morningbrew.com/products/2026-daily-games-desk-calendar  Explore Indeed's full findings at https://www.indeed.com/2026hiringtrends Learn more about Lightspeed at https://www.lsvp.com Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠  Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠ This special episode is produced in partnership with Lightspeed Venture Partners. Lightspeed holds the largest early-stage AI portfolio in the world both number of companies and capital deployed, investing in 165 AI companies and deploying over $5.5 billion in AI investments. Lightspeed's invested in some of the most valuable AI companies globally, including Anthropic, Mistral AI, Glean, Reflection AI and more. Learn more about Lightspeed's recent investments in Skild AI here, and stay tuned for more exciting AI coverage on the show this week: https://www.skild.ai/blogs/series-c Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode is brought to you by Uniswap! Are you a builder who needs to add on-chain trading to your product? The Uniswap Trading API from Uniswap Labs offers plug-and-play access to some of the deepest liquidity in crypto It's on-chain execution at an enterprise level. More liquidity. Less complexity. Visit hub.uniswap.org to learn more. Is Bitcoin losing its “digital gold” narrative just as geopolitics heat up? The Bits + Bips crew debates what markets still aren't pricing in. In this episode of Bits + Bips, hosts Austin Campbell, Ram Ahluwalia, and Chris Perkins are joined by David Duong, Global Head of Research at Coinbase, to unpack a volatile mix of crypto regulation, geopolitics, and shifting market structure. The group digs into why the latest market structure bill is starting to crack, why investors may be underpricing regulatory clarity, and what it means that Bitcoin is failing to behave like digital gold just as global risk rises. They also explore whether the U.S. and Europe are still true allies, why Wall Street's move toward 24/7 onchain markets matters more than most realize, and how internet capital markets could reshape who gets access to capital in the next decade. Hosts: Ram Ahluwalia, CFA, CEO and Founder of Lumida Austin Campbell, NYU Stern professor and founder and managing partner of Zero Knowledge Consulting Christopher Perkins, Managing Partner and President of CoinFund Guests: David Duong, Global Head of Research at Coinbase Learn more about your ad choices. Visit megaphone.fm/adchoices

Here we go again – Tariffs and retaliatory tariffs DAVOS – Elitists are Meeting Suicide Coaches? Hedge funds – finally a good year! 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 - Here we go again - Tariffs and retaliatory tariffs - DAVOS - Elitists are Meeting - Suicide Coaches? - Hedge funds - finally a good year! Markets - Silver and Gold - ATH - Selling off after Greenland threat - Netflix - Saga continues Davos - 2026 - Economic Confab that often brings out the elite (elitists) - Many watch for their key points and do the opposite - Trump going, Xi Jinping and Narendra Modi not - Why is Zelensky going? - Kushner, Bessent, Little Marco will be attending with Trump - Did you know - Larry Fink is the interim Co-Chair. - The CEOs that you would expect that love the limelight ) (Jensen, Nadella etc) World Economic Forum Report (Davos) - Due out Wednesday - expected to show that geopolitical confrontation is the top concern this year - Rising Inflation - Economic Downturn - Asset Bubbles - High debt burdens - Any of those could be any year and anyone in the world that is breathing could have made that list WEF List NEXT - Greenland - Sell or Else! - Trump promises 100% that he will impose tariffs and follow through - The tariffs will start at 10% on Feb. 1 and shoot up to 25% on June 1, Trump said. - Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland - Supposedly in response to EU allies moving troops into Greenland - Greenland protests with - Make America Go Away hats - 200% tariff threatened in champagne and wines (Mad at Macron) Oh - and Gaza - The new Board of Peace - Trump names himself 'Board of Peace' chair under October plan - Marco Rubio, special envoy Steve Witkoff, former British prime minister Tony Blair and Trump's son-in-law, Jared Kushner. - Supposedly Putin has said he was also invited to be on the board. - Purpose? Officially, the Board is mandated to “promote stability, restore dependable and lawful governance, and secure enduring peace in areas affected or threatened by conflict... Saks - bankrupt - Chapter 11 - Problems really got worse after they agreed to purchase Needless Markup (aka Neiman Marcus) - Amazon filed an objection to Saks Global's bankruptcy financing plan on the grounds it could harm creditors and push the tech company further down the repayment pecking order. - Amazon The tech company invested $475 million into Saks' acquisition of Neiman Marcus in December 2024,  a stake it said is now effectively “worthless.” - Amazon threatened more “drastic remedies” if Saks doesn't heed its concerns, including the appointment of an examiner or a trustee. - Amazon initially invested because it thought Saks would start selling its products on Amazon's website and the tech company would offer technology and logistics expertise.| - Amazon's attorneys: “Saks continuously failed to meet its budgets, burned through hundreds of millions of dollars in less than a year, and ran up additional hundreds of millions of dollars in unpaid invoices owed to its retail partners.” Suicide Coaches - “This year, you really saw something pretty horrific, which is these AI models became suicide coaches,” Benioff told CNBC's Sarah Eisen on Tuesday at the World Economic Forum's flagship conference in Davos, Switzerland. - In 2018, Benioff said social media should be treated like a health issue, and said the platforms should be regulated like cigarettes: “They're addictive, they're not good for you.” - “Bad things were happening all over the world because social media was fully unregulated,” he said Tuesday, “and now you're kind of seeing that play out again with artificial intelligence.” China - China 2025 new yuan loans 16.27 trln yuan, lowest since 2018 - Dec new yuan loans beat forecast - PBOC announces targeted monetary policy easing - "From the asset side, amid the property market adjustment, the private sector including households and firms showed insufficient willingness to add leverage, while government bond issuance was ramped up to stabilize leverage and the economy." - Now what is happening is that $ that used to go into real estate is heading for stocks/risk assets. - Chinese authorities tightened rules on margin financing, signaling unease over the pace of a rally. - - Under the new rule, investors must now provide margin equal to the full value of the securities they buy on credit, up from the previous 80% threshold. - - - Regulators made the move to rein in potential froth in financial markets, with a fund manager saying it sends a clear signal that they want a slow bull market, not an overheated one. --- Under the new rule, investors must now provide margin equal to the full value of the securities they buy on credit, up from the previous 80% threshold, according to a Shenzhen Stock Exchange statement. The move, which applies to Shenzhen, Shanghai and Beijing bourses, underscores regulators' efforts to rein in potential froth in financial markets. More China - China's population of 1.4 billion continued to shrink, marking the fourth straight year of decrease, new government statistics show. The total population in 2025 stood at 1.404 billion, which was 3 million less than the previous year. - After the one-child policy - now government is pushing or more births - Measured another way, the birth rate in 2025 — 5.63 per 1,000 people — is the lowest on record since 1949 - Government tactics range from cash subsidies to taxing condoms to eliminating a tax on matchmakers and day care centers. Bank Earnings - Generally pretty good! - Yield curve is helping in a big way - steepening - Goldman beats, BAC beast Morgan Stanley bets etc. etc. - Goldman: The company said profit jumped 12% from a year earlier to $4.62 billion, or $14.01 per share, on gains across its capital markets businesses. - Morgan Stanley: Last Thursday reported fourth-quarter results that exceeded Wall Street expectations on the back of strong revenue from wealth management. Fed Chair - Over the weekend, Hassett thinks Trump is right not to have him in that position (What a sap! Good he is not in running anymore) - Rick Reider and Warsh are front-runners - Who ever kisses the most ass should win - Warsh would actually be a good pick - experience and smart guy that is level headed - Meanwhile - all of a sudden Trump says he is not looking to fire Powell (maybe h wants him to resign) Netflix/Warner Brothers Update - Netflix now plans to pay $27.75 per WBD share entirely in cash to acquire WBD's streaming platform HBO Max and the Warner Bros. film studio. - In reaction tot he hostile takeover bid from Paramount/Skydance - The last offer was unanimously approved by the BOD - NFLX Earnings ..... --- Earnings per share: 56 cents vs. 55 cents, estimated ------Revenue: $12.05 billion vs $11.97 billion, estimated - Stock down AH Inflation (Did we talk about this?) - Even though we are told there is little inflation... - Consumer Price Index increases 0.3% in December - Food, rents were the main drivers of consumer inflation - Underlying inflation rises a moderate 0.2% - Food prices surged 0.7% Planes! - Boeing outsold Airbus last year - First time since 2018 - BA stock made an ATH last week Bond Vigilantes - Danish pension operator AkademikerPension said it is exiting U.S. Treasurys over finance concerns tied to America's budget shortfall. - The move comes amid increasing tensions with the U.S. over Greenland as President Donald Trump pushes for control of the island. - AkademikerPension said it plans to have closed its position of around $100 million in U.S. Treasurys by the end of the month. - 10 YR yields moved up again to 4.3% - What if.....??? (Mutual assured destruction?) Hedgies - Hedge fund investors posted gains of about 12.6% last year, the best returns since 2009, according to data compiled by Hedge Fund Research Inc. - Funds run by industry giants such as D.E. Shaw & Co. and Millennium Management posted double-digit returns, with Bridgewater Associates' Pure Alpha II fund scoring a 34% gain. - Hedge funds secured net inflows of $71 billion during the first three quarters of last year, a major reversal after a decade of outflows, with the industry's giants being among the major beneficiaries.     Love the Show? Then how about a Donation? ANNOUNCING THE WINNER OF THE THE CLOSEST TO THE PIN CUP 2025 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

After the collapse of top Wall Street investment bank Bear Stearns, Lehman Brothers scrambles to convince the world it won't be next, but dirty truths about the firm's finances threaten to destroy what credibility it has left.Be the first to know about Wondery's newest podcasts, curated recommendations, and more! Sign up now at https://wondery.fm/wonderynewsletterListen to American Scandal on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial today by visiting wondery.com/links/american-scandal/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What happens when high performers ignore their body, suppress vulnerability, and power through for too long?In this episode of The Mark Divine Show, entrepreneur and author Melissa Gonzalez shares the pivotal moment that forced her to rethink leadership, success, and wellbeing. After years on Wall Street and building fast-growing companies, her body finally demanded attention—triggering a profound shift in how she leads, lives, and listens.This conversation explores:-Why high achievers ignore early warning signs until crisis hits-The hidden cost of “powering through” in leadership and life-How intuition and vulnerability become leadership advantages—not liabilities-Why slowing down actually increases clarity, impact, and performance-How purpose isn't something you do—but something you embodyMelissa breaks down the lessons behind her book The Purpose Pivot, revealing how leaders—especially women—can build sustainable success without sacrificing their health, family, or identity.If you're leading at a high level but feeling disconnected, depleted, or stuck in constant output mode, this episode will challenge how you define strength—and show you a better way forward.Join the Community & Go Deeper

PODCAST LAS NOTICIAS CON CALLE DE 20 ENERO DE 2026 - Trump amenaza 200% de tarifas a vinos de Francia - LeMonde Sigue violencia contra manifestantes en Irán - WSJHarán censo de personas sin casa en PR - Primera Hora Fiscalía federal decide retirar todo sobre John Blakeman y Frances Díaz sobre caso de Wanda Vázquez - Primera Hora Salen huyendo millonarios de California y se van a Texas tras propuesta de impuesto a millonarios de 5% - NYTTropas de Dinamarca van a Groenlandia, pero alemanes se van porque es demasiado frío - FTCae el valor de dólar y Wall St. Pierde billones tras confrontación por Groenlandia - FTTrump también quiere ahora la isla de Diego García que pertenece a Inglaterra tras UK decir que la daría a Mauritius - Truth Social Gobierno de PR dice que para el 2030 se iría la Junta - El Nuevo Día Santurce regresa al Bithorn para ver si terminan la serie - El Nuevo Día Aprueban medida para exgobernadores convictos pierdan escoltas - El Nuevo Día Oficialmente se acabó el caso contra Wanda Vázquez y cooperadores tmb tendrán archivo - El Vocero Olvin Valentín se va de MVC para el PPD - El Nuevo DíaLegisladores y gobernadora en España - El Nuevo Día Gregorio Matías contra ley de bolsas plásticas y ley de plástico de un solo uso - El Nuevo Día Baxter reduce operaciones en Guayama PR - Departamento del Trabajo Oro sube a 4,700 la onza - Bloomberg Carlos Beltrán al salón de la fama hoy Poner o no los 10 mandamientos en las escuelas llega al Quinto Circuito de Apelaciones en Texas - Economist Tapón bestial por accidente de camión que derramó diesel por casi un kilómetro - WUNOAumentarían más personas en el negociado de energía en proyecto de ley - El Vocero Evaluarán si querellas de Proyecto Dignidad contra anuncios de la gobernadora va o no - El Vocero Pedirán pena de muerte para CDobleta por asesinato de agente de la policía - El Vocero Pelea por hospital Wilma Vázquez si van para cierre total o no - El Vocero Japón empieza problema, su nota sube a sobre 4% por primera vez de la crisis global en 2007 - Bloomberg Empieza el año Fit y Saludable con Martin's BBQ Pide tu Combo Fit1/4 de pollo, tu vianda o verdura favorita con botella de agua Martin's BBQCocinando diariamente comida  saludable, fresca y sabrosa....mmmm esto si es criollo... Entregando con Uber Eats y Doordash Sabroso y Fit!Hoy Voy Pa Martins BBQAsado, Jugoso, Sabroso.Incluye auspicio 

Most people think communication is about being right. It's not. It's about controlling the frame. After years of navigating toxic bosses, difficult business partners, and high-stakes negotiations across Wall Street and Main Street, I've cracked the code on why difficult people always seem to win — and how to beat them at their own game without becoming one of them. Today I'm breaking down the nine strategies I use to handle toxic people. You'll learn why the loudest person dominates early but loses later, how Harvard research shows people interpret facts to protect their ego (not accuracy), and why toxic people win because they play with low emotional reactivity and high certainty — even when they're wrong. You'll learn the CLEAN framework, why gaslighting collapses under specificity, and how the Invisible Gorilla study proves we all live in different realities. If you've ever felt drained by difficult people, lost arguments you should've won, or wondered why toxic behavior gets rewarded, this episode will change how you communicate forever. Stop trying to win emotionally. Start winning structurally. Thinking about buying a business but don't know where to start? Main Street Millionaire Live gives you the playbook, mindset, and momentum to become an owner. Stop saying “someday,” and do it this year → https://contrarianthinking.biz/MSML_BDYT26 ___________ 00:00:00 Introduction 00:02:07 The Asymmetry Advantage: How Toxic People Exploit You 00:03:25 Frame Control: The Rule That Wins Every Conversation 00:06:29 The Disrespect Response Ladder: From Absorb to Redirect 00:09:16 The Gaslighting Defense Protocol: Reality Anchor Tactics 00:10:06 Main Street Millionaire Live: Your Path to Business Ownership 00:10:51 The Four Studies That Change How You See Reality 00:13:27 Negotiating Across Two Realities: The Mirror and Redirect Method 00:14:55 The Blue-Throated Mockingbird: Creating Trigger Breakers 00:20:27 The CLEAN Framework: How to Beat Toxic People Structurally 00:22:59 The Power Move: Stop Fighting Emotionally, Win Structurally ___________ MORE FROM BIGDEAL

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

One of the most obnoxious sounds in nature is the whine of a Wall Street banker. It's a cross between the tantrum of a peevish brat and the blathering of a sputtering old plutocrat.Consider the long, piteous whimper of Jamie Dimon, potentate of the powerful JPMorgan Chase banking empire. He constantly whines about laws to restrict banker greed, even toting around a Rube Goldberg-style cartoon depicting a tangle of rules that, he squeals, is choking poor Wall Streeters like him.Before you break into tears about Jamie's plight, though, notice that he and his bank are not choking on rules, but gorging on riches. Dimon himself pocketed – get this -- $770 million in personal pay last year.Golly, we should all suffer like poor Jamie!And he's hardly alone in singing the “Talking Banker Blues,” for that elite clique has long pouted that they're paupers compared to the billionaires of high tech. So, mounting an odd boardroom “labor action,” bankers have been getting drastic payhikes. The CEO of Citigroup, for example, recently set a new bottom line expectation for top-floor bankers: A 2025 paycheck of more than $100 million!How can a business lavish such a windfall on one guy? Easy. The CEO slashed tens of thousands of bank employees from Citi's payroll last year, so he got their pay.Woody Guthrie once wrote a parody of such predatory behavior, singing “I am a jolly banker, A jolly banker am I.” Today's Wall Street aristocrats are jolly, too, bloating their extravagant wealth by taking wages and livelihoods from thousands of their own employees. As Woody might sing, that's how inequality “happens.”Do something!Wanna fight the bankers and their rigged systems? Americans for Financial Reform thinks that “the financial system should serve an economy where everyone can thrive, not just enrich a powerful few.” Sounds great to us! Check them out at ourfinancialsecurity.org.Jim Hightower's Lowdown is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit jimhightower.substack.com/subscribe

President Trump posts private conversations with European leaders while slamming allies. The US push for Greenland is quickly turning the Davos economic forum into an emergency summit. We have new reaction this morning from the Trump Administration and from world leaders. Plus, we're watching Wall Street as tariff and trade bazooka threats are making investors uneasy.    Learn more about your ad choices. Visit podcastchoices.com/adchoices

Crypto News: NYSE develops 24/7 blockchain trading platform for tokenized stocks, ETFs. The government of Bermuda is planning to create a “fully onchain” national economy using digital asset infrastructure provided through partnerships with cryptocurrency exchange Coinbase and stablecoin issuer Circle.Brought to you by ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

The CEO of e.l.f. Beauty says charging $38 for lip oil is "immoral."In this fun exclusive interview, e.l.f.'s CEO Tarang Amin explains why he thinks big profit margins are unethical and how his biz creates "dupes" better than the lux originals… for a fraction of the price.So we glammed up with Tarang to break down the economics of the $3 lipstick, how e.l.f. legally copies rivals like Dior, and why he shares the company's "nuclear codes" with every employee.Of course we got all the details on his acquisition of Hailey Bieber's Rhode Skin for $1B, the fastest-growing beauty brand in America (spoiler: It all went down over a dinner in LA).And there's even an investment angle: Wall Street fell in love with $ELF stock as it rose 800% in just a few years. While tariff fears recently cooled the price, Tarang explains what investors are missing in the mirror… And why that epic Hailey Bieber's Rhode deal was a true makeover.(Plus, Tarang helped Jack add another cream to his 42-step skincare routine)Some of the Takeaways & Insights:"It's Immoral": Tarang's controversial take on why charging $40 for lip oil is a scam.The $38 vs. $8 Math: How e.l.f. beats luxury brands at their own gameThe Crash vs. The Opp: Why the stock is down 60% and why TarThe $1B Rhode Deal: The inside story of buying Hailey Bieber's company.S&: Why "Scrolling & Development" (reading TikTok comments) beats traditional innovation.Where there's Mystery, there's Margin: Why cosmetics are so expensive in the first place.Timestamps: 0:00 - Intro: E.L.F. Beauty Explained 4:38 - Why E.L.F. Stock Is Up 800% 5:31 - How to Keep Prices at $3 (Inflation Hack) 13:38 - The $1 Billion Bet on Hailey Bieber & Rhode 29:24 - The "Dupe" Strategy Explained 29:55 - The Dior Lip Oil Story ($38 vs $8) 33:28 - CEO: "It's Immoral To Charge You $38" 37:16 - "Scrolling & Development": Using TikTok to Invent Products 40:30 - The "Nuclear Codes": Sharing Secrets with Employees 53:43 - The Takeaway on E.L.F.Buy tickets to The IPO Tour (our In-Person Offering) TODAYAustin, TX (2/25): https://tickets.austintheatre.org/13274/13275 (SOLD OUT!)Arlington, VA (3/11): https://www.arlingtondrafthouse.com/shows/341317 New York, NY (4/8): https://www.ticketmaster.com/event/0000637AE43ED0C2Los Angeles, CA (6/3): https://www.squadup.com/events/the-best-one-yet-live (SOLD OUT!)Get your TBOY Yeti Doll gift here: https://tboypod.com/shop/product/economic-support-yeti-doll NEWSLETTER: https://tboypod.com/newsletterOUR 2ND SHOW: Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free: https://wondery.com/links/the-best-idea-yet/NEW LISTENERS: Fill out our 2 minute survey: https://qualtricsxm88y5r986q.qualtrics.com/jfe/form/SV_dp1FDYiJgt6lHy6GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutoutsSOCIALS:Instagram: https://www.instagram.com/tboypodTikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypodLinkedin (Nick): https://www.linkedin.com/in/nicolas-martell/Linkedin (Jack): https://www.linkedin.com/in/jack-crivici-kramer/Anything else: https://tboypod.com/About Us: The daily pop-biz news show making today's top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell. Hosted on Acast. See acast.com/privacy for more information.

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 EU is already folding, they know they don’t have the leverage so they are going to negotiate with Trump. The US is now surpassing China in GDP. Soon the US will overshadow China. More oil in the US has been found. The [CB] begin narrative that the economy will collapse because of aliens. Trump admin says the US economy is rigged. The [DS] entrenched dark system is being exposed to the people. The people want the illegals removed from the US if they commit a crime. Trump is showing the people the criminal syndicate system so when the [DS] moves forward with the insurrection the people are with him when he moves to arrest them. Only when we are united can we defeat the entrenched dark enemy.   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/DOGEai_tx/status/2013085445702238704?s=20   them with zero leverage. Now they're scrambling because tariffs expose their reliance on U.S. markets—$1.2 trillion in annual EU-U.S. trade hangs in the balance. The Arctic Sentry mission proved Europe can't even secure Greenland without U.S. backing. This isn't about “retaliation”; it's about accountability. Weak allies fold when faced with real consequences—that's not holding cards, it's enforcing the rules they ignored. https://twitter.com/profstonge/status/2013227441519796435?s=20 https://twitter.com/WallStreetMav/status/2013271683818287339?s=20 https://twitter.com/profstonge/status/2012976935660302414?s=20   https://twitter.com/SecretaryBurgum/status/2013016697196740975?s=20   https://twitter.com/BitcoinMagazine/status/2013237265779102013?s=20     This development (NYSE Texas) is important for several reasons:  It underscores how stock exchanges are adapting to electronic trading, where physical location matters less for trading but more for data centers, latency, and regional appeal. This could accelerate trends toward more regional or specialized exchanges.   Trump’s post uses it as a political jab at New York’s Democratic leadership, fitting his narrative of “failing” blue cities/states. As president in 2026, it amplifies debates on federal vs. state economic policies, regulations, and urban decline.    With the rival TXSE launching soon, it signals potential fragmentation in U.S. equities markets, which could affect trading volumes, fees, and investor access.  Does This Create Competition with Wall Street?Yes, but indirectly and in a limited way. Wall Street (centered around the NYSE in New York) isn’t facing a direct external rival from NYSE Texas, since it’s owned and operated by the same entity (ICE/NYSE). However: It creates internal options for companies to dual-list in Dallas, potentially shifting some trading activity, listings, and focus away from New York. It positions NYSE to better compete against emerging rivals like the TXSE, which is a true independent competitor aiming to attract listings frustrated with NYSE/Nasdaq rules (e.g., on diversity or fees). Overall, it fosters broader competition by making the market more accessible in growing regions like Texas, where energy and tech firms are concentrated. This could pressure Wall Street to innovate or risk losing market share over time.   By enabling dual listings and relocating operations (e.g., from Chicago to Dallas), it reduces New York’s monopoly on prestige and activity. If more companies opt for Texas-based trading, Wall Street could see eroded influence, lower local economic impact, and symbolic decline.    It allows Trump to attack Democratic leadership in New York (e.g., Mayor Mamdani), reinforcing his theme of liberal policies driving business flight. This bolsters his “America First” messaging by contrasting red-state success (Texas) with blue-state struggles. Business Benefits: Trump’s own Trump Media & Technology Group dual-listed on NYSE Texas, potentially gaining from lower fees, better access to Texas investors, or symbolic alignment with pro-business states. https://twitter.com/DOGEai_tx/status/2013040092101714295?s=20   ballooned 85.9% from 2019-2024, hitting $1.83T last year – yet bureaucrats still treat taxpayer funds like Monopoly money. This isn’t just bad math; it’s systemic rot. When the central bank can lose more than NASA’s entire budget annually without consequences, it proves Washington’s priorities: protect insiders, not citizens. The solution? Audit every dollar, claw back wasted funds, and restore transparency. Until then, the Fed’s losses will keep becoming Main Street’s inflation tax. Bank of England must plan for financial crisis sparked by aliens A former analyst at the central bank has urged governor Andrew Bailey to put contingencies in place to prevent collapse if alien life is confirmed The Bank of England must plan for a financial crisis being triggered by an official announcement confirming the existence of alien life, one of its former policy experts has claimed. Helen McCaw served as a senior analyst in financial security at the UK's central bank, preparing for events that could impact the economy. She has now written to Andrew Bailey, the Bank's governor, urging him to organise contingencies for the possibility that the White House may one day confirm we are not alone in the universe. McCaw, a Cambridge graduate, believes a declaration of that magnitude would send shockwaves through the markets and could trigger bank collapses and civil unrest. Source:  thetimes.com  https://twitter.com/HHS_Jim/status/2013003452545130634?s=20 Political/Rights https://twitter.com/EricLDaugh/status/2012971091216531892?s=20 https://twitter.com/CollinRugg/status/2013025026623316168?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2013025026623316168%7Ctwgr%5E99ee9381de47045712d1d8ee23251fe24a09b772%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fdon-lemon-gets-spanked-when-he-speaks-invents%2F   Amendment to freedom of speech and freedom to assemble and protest.” Pastor: “We’re here to worship Jesus because the hope of the world is Jesus Christ…” Lemon: “But did you try to talk to them?” Pastor: “No one is willing to talk. I have to take care of my church and my family so I ask that you would also leave this building.” Imagine storming a church mid worship and thinking you are the good guys.   https://twitter.com/MrAndyNgo/status/2013035331826659797?s=20   https://twitter.com/C_3C_3/status/2013224968943812671?s=20 https://twitter.com/EricLDaugh/status/2013263203589927078?s=20 https://twitter.com/AAGDhillon/status/2013044166062936417?s=20     https://twitter.com/mrddmia/status/2013025098408595948?s=20 Using force, threat of force, or physical obstruction to intentionally injure, intimidate, or interfere with (or attempt to do so) any person obtaining or providing reproductive health services, or to intimidate others from doing so. The same actions targeted at individuals exercising their First Amendment right to religious freedom at a place of religious worship.  First-time non-violent offenses (e.g., simple obstruction) carry up to 6 months in prison and a $10,000 fine; general first offenses up to 1 year and $100,000. Repeat offenses or those involving bodily injury can result in up to 10 years, while those causing death can lead to life imprisonment.   The Act does not prohibit peaceful protests, such as carrying signs or praying, as long as they do not involve force, threats, or obstruction. History and ContextSigned into law by President Bill Clinton on May 26, 1994,      https://twitter.com/Geiger_Capital/status/2013075609434378583?s=20 https://twitter.com/AGPamBondi/status/2013093526867689835?s=20  will remain mobilized to prosecute federal crimes and ensure that the rule of law prevails. https://twitter.com/GrageDustin/status/2012933642859773978?s=20   https://twitter.com/MrAndyNgo/status/2013022936282673382?s=20   https://twitter.com/RichardGrenell/status/2013251350469939586?s=20   https://twitter.com/amuse/status/2013268652343046477?s=20   felonies for protecting their home from looters. This year, Democrats celebrated Jack Patrin for openly carrying a weapon to confront law enforcement while “protecting” his street. The contrast is unmistakable. Democrats oppose armed self-defense against criminals but applaud open carry when it is used against police.     https://twitter.com/amuse/status/2013069604545769920?s=20   https://twitter.com/WarClandestine/status/2013043848486760670?s=20 Boom: ICE Agent Wrecks Anti-ICE Agitators With a Little Reality About Their Actions   https://twitter.com/WhiteHouse/status/2012678182403469584?s=20 https://twitter.com/RapidResponse47/status/2012955697080615092?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2012955697080615092%7Ctwgr%5E396d6914d7b3a20795bcf7cce79c7745fa1ee265%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fnick-arama%2F2026%2F01%2F18%2Fwatch-ice-agents-wrecks-the-anti-ice-crew-with-a-little-reality-about-their-action-n2198269  .TAKE A LISTEN Source: redstate.com Geopolitical https://twitter.com/johnkonrad/status/2012970813775806699?s=20 https://twitter.com/Geiger_Capital/status/2012942713478402258?s=20 https://twitter.com/overton_news/status/2012359642781729171?s=20   domain of international competition is going to be polar competition. That is where more and more resources are being spent by our nation's adversaries and rivals.” “The ability to control movement, navigation back lanes of travel in the polar and Arctic regions. Greenland is 25% larger than Alaska. Greenland is the size of one fourth the continental United States.” “With respect to Denmark, Denmark is a tiny country with a tiny economy and a tiny military.” “They cannot defend Greenland, they cannot control the territory of Greenland.” “Under every understanding of law that has existed about territorial control for 500 years, to control a territory you have to be able to defend a territory, improve territory, inhabit a territory.” “Denmark has failed everything to one of these tests.” “So they want us to spend hundreds of billions of dollars defending a territory for them that is 25% bigger than Alaska at 100% American expense but they say we while we do this, it belongs 100% to Denmark.” “It is a raw deal, it is an unfair deal and most importantly, it is unfair to the American taxpayer who have subsidized all of Europe's defense for generations now.” “American dollars, American treasure, American blood, American ingenuity is what keeps Europe safe and the free world safe.” “And Donald Trump is insisting that we be respected, Sean.”    https://twitter.com/KobeissiLetter/status/2013246726560174205?s=20 https://twitter.com/disclosetv/status/2012914362910974325?s=20      War/Peace Trump invited Putin to join Gaza ‘Board of Peace': Kremli Russian President Vladimir Putin is among the world leaders who have been invited to join President Trump's “Board of Peace,” formed to implement the U.S.-brokered peace plan between Israel and Hamas in Gaza. Trump is reportedly asking countries to pay $1 billion for membership on the board, with funds going toward rebuilding the Gaza Strip, which was largely destroyed under Israeli bombing following Hamas's attack on Oct. 7, 2023. The United Kingdom, Canada, Egypt, Turkey, Brazil, Argentina and India are among the countries that have confirmed receipt of invitations to join the board. U.K. Prime Minister Keir Starmer said Monday the government was still discussing the terms of the board. Source: thehill.com Medical/False Flags [DS] Agenda   https://twitter.com/WallStreetApes/status/2012402315701965090?s=20   “With the governor’s signature, nearly 2.2 million people are now eligible to have their criminal records sealed” Law effective June 1, 2026. Nonviolent misdemeanors and lower-level felonies). Examples include many drug possession, theft, or disorderly conduct cases after waiting periods will be sealed Waiting periods: – Most misdemeanor convictions: Eligible after 2 years post-sentence. – Nonviolent felony convictions: Eligible after 3 years post-sentence. – Petty offenses/ordinance violations: Sealed biannually (Jan. 1 and July 1). – Also covers dismissed/reversed charges and arrests https://twitter.com/amuse/status/2013243900832416243?s=20  President Trump's Plan   https://twitter.com/Rasmussen_Poll/status/2013248360799412587?s=20 https://twitter.com/Rasmussen_Poll/status/2013258405033504976?s=20 https://twitter.com/Rasmussen_Poll/status/2013260987453870365?s=20 https://twitter.com/WarClandestine/status/2013065922181796263?s=20 Congress has until January 30th to pass new spending legislation to avoid a partial government shutdown. The Dems are going to try to shut everything down over ICE funding, again. We are approaching a crisis point. We must nuke the filibuster and pass the SAVE Act. https://twitter.com/EricLDaugh/status/2013252461197214071?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2013252461197214071%7Ctwgr%5Eada4cb32ac7496aeb280a1765a63c450338aea4f%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fwardclark%2F2026%2F01%2F19%2Fnew-elon-musk-donates-10m-to-pro-trump-kentucky-senate-candidate-n2198287 https://twitter.com/elonmusk/status/2013271550636826797?s=20 https://twitter.com/AnneMccallie/status/2013223514564710903?s=20https://twitter.com/JoeLang51440671/status/2013280151027536358?s=20 falls darkness will soon follow. Only when we stand together, only when we are united, can we defeat this highly entrenched dark enemy. Their power and control relies heavily on an uneducated population. A population that trusts without individual thought. A population that obeys without challenge. A population that remains outside of free thought, and instead, remains isolated living in fear inside of the closed-loop echo chamber of the controlled mainstream media. This is not about politics. This is about preserving our way of life and protecting the generations that follow. We are living in Biblical times. Children of light vs CHILDREN OF DARKNESS. United against the Invisible Enemy of all humanity. Q https://twitter.com/RealAbs1776/status/2013110591141880255?s=20 system used to enslave all of us.   (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");

Thank you to our sponsor, Walrus! Walrus is where the world's data becomes reliable, valuable, and governable. Geopolitical tensions are rising. Crypto legislation is stalled. And pressure on the Federal Reserve is intensifying. So why are Bitcoin and the broader crypto market holding strong? In this episode of Bits + Bips: The Interview, Steve Ehrlich sits down with Zach Pandl, Director of Research at Grayscale Investments, to unpack what's been driving markets since 2026 began, from Washington's regulatory battles to global instability and the Fed's fight to maintain independence. They break down where U.S. crypto policy stands, why Wall Street isn't waiting for Congress, and how macro forces like inflation, debt, and geopolitics are shaping crypto's next move. Hosts: Steven Ehrlich Guests: Zach Pandl, Head of Research at Grayscale Links: Robinhood CEO warns Congress delay is hurting Americans - TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more Senate Banking Committee postpones vote on crypto market structure legislation amid industry pushback Crypto bill delay 'may ultimately be constructive' for final product, Benchmark says Trump attacks on Jerome Powell testing Fed's independence Why the Federal Reserve has historically been independent of the White House Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard Berner is the former director of the Office of Financial Research and was a counselor of the Treasury Secretary. In Richard's first appearance on the show, he discusses a career that included public service and Wall Street, the fragility of global liquidity, the implications of fiscal dominance, the expansion of private credit, the 2023 SVB banking turmoil, and much more. Check out the transcript for this week's episode, now with links. Recorded on January 7th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:01:57- Dick's Career 00:07:46 - Fragility of Global Liquidity 00:17:29 - Post-GFC Regulations 00:25:29 - Fiscal Dominance 00:36:23 - Private Credit 00:48:09 - Banking Turmoil of 2023 01:01:149 - Outro

Crypto News: Bitcoin pulls back as US-EU tariff war fears intensify. Large bitcoin holders buy the most coins since the FTX collapse of 2022.Brought to you by

Brent Kesler is founder of The Money Multiplier and creator of the TMM Method, a 200-year wealth strategy used by 17,000+ clients. After paying off $984,711 in debt in 39 months, he now teaches families and entrepreneurs to build tax-free liquidity, control, and legacy wealth—outside Wall Street. Connect with Brent: Website: thttps://themoneymultiplier.com Email: brent@themoneymultiplier.com Watch: Brent's 90-minute presentation  Bonus: Follow Hannah Kesler's show — The Money Multiplier Podcast

In this conversation, John Grace shares his extensive experience in banking and real estate, discussing the challenges and opportunities in the current market. He emphasizes the importance of access to capital, creative solutions for funding, and the value of mentorship in navigating financial crises. John also highlights his client-driven approach and the joy of working with people he enjoys, while providing insights into the evolving landscape of real estate financing.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

The January 19, 1976 Sports Illustrated Swimsuit Issue marked another glossy step in a tradition that had begun almost accidentally a little more than a decade earlier. What started in 1964 as a winter stopgap—filling pages when sports calendars were thin—had evolved into a cultural event, blending fashion, fantasy, and far-flung travel. This '76 edition leaned hard into escapism, taking readers to Baja Mexico, where sunshine, surf, and sequins replaced box scores. The swimsuits themselves reflected the era: metallic fabrics, daring cuts, and a growing emphasis on glamour over athletic utility—a far cry from the functional swimwear once seen on Olympic pools and beaches alike. The cover perfectly captured that shift. Swedish twins Yvonne and Yvette Sylvander shimmered under the Baja sun, embodying the issue's theme, “Taking a Shine to a Resort with New Glitter.” Inside were familiar faces who would soon define the genre—Cheryl Tiegs, Christie Brinkley, and others who became icons not just of the Swimsuit Issue, but of 1970s popular culture itself. For many readers of a certain generation, these images weren't just pinups—they were part of the shared visual language of growing up with Sports Illustrated, when the magazine felt like a weekly companion arriving in the mailbox. And while nostalgia drives the emotional connection, there's another side to these old issues of SI: their growing significance as collectibles. That's where Mark Humphries comes in. Growing up in La Cañada, California, Mark's sports education began with secondhand copies of Sports Illustrated, pages already creased, corners bent—but endlessly fascinating. That early fascination carried him through Stanford, Wall Street, and eventually back to the hobby he loved, where he became a pioneer in treating Sports Illustrated magazines as serious collectibles—worthy of grading, encapsulation, and long-term value, just like cards. As founder of the first grading system for past issues of Sports Illustrated, owner of ThePit.com, and now a contributor to PSA Magazine, Humphries has helped redefine how collectors view vintage issues. While not every Swimsuit Issue is destined to fund a retirement, condition, cover subjects, and historical context matter—and early, iconic editions continue to gain traction. In that sense, the 1976 Swimsuit Issue sits at the intersection of memory and market value: a snapshot of an era when Sports Illustrated shaped culture, sparked conversations, and—sometimes without meaning to—created artifacts that still matter, decades later. Learn more about your ad choices. Visit megaphone.fm/adchoices

Meet Dr. Eric Kusseluk '97, a board-certified dermatologist, former Cornell soccer player, and a true example of persistence."Dr. K" (to us) shares the remarkable story of how sheer tenacity got him into Cornell off the waitlist, onto the soccer field as a walk-on, and eventually helped transform the program into an Ivy League championship team. That same determination followed him through Wall Street, medical school (another waitlist work of magic), and into building a successful dermatology practice in Manhattan.We also get Dr. K's no-nonsense take on current skincare trends, answering the questions everyone is asking in our game “Dr. K Yay or Dr. K Nay.” He breaks down what's worth your time, what's mostly hype, and how to keep skincare simple, healthy, and realistic.You will love this conversation about showing up and proving what's possible when you don't quit.Dr K's website:https://www.kusselukmd.com/Not sponsored by or affiliated with Cornell University 

Gold and silver just posted historic record highs, and Wall Street is still asleep.In this week's Schiff Gold Friday Market Wrap, Peter Schiff breaks down the biggest one-day dollar rally in gold history, silver's surge above $90 an ounce, and why recent volatility is consolidation at extreme highs — not a top.Peter explains why:Gold and silver are flashing early warnings of a coming U.S. dollar and Treasury bond crisisMining stocks remain dramatically undervalued despite exploding metal pricesInflation is accelerating again while the Fed talks about rate cutsRising Japanese bond yields threaten global bond marketsTrump-era policies are unintentionally pushing the world away from the dollar and into goldCPI headlines are misleading while producer inflation is surgingThis moment mirrors subprime in 2007 — an early signal before a much larger crisisGold is reacting first. Silver followed. Bonds and the dollar are next.Peter also explains why waiting for pullbacks is a mistake, why physical silver supplies may tighten sharply, and why this bull market is just getting started.⭐️ Sign up for Peter's most valuable insights at https://schiffsovereign.com

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Crypto News: State Street, a $36 billion bank, is aiming to change legacy finance using blockchain tech in their new digital assets platform. Senate Democrats serious about crypto bill reboot, they said in call with industry. US lender Newrez to accept crypto holdings in mortgage approval. Brought to you by

This week's market update dives into several key economic signals, including the latest readings on inflation through CPI, PPI, along with the kickoff of fourth-quarter earnings season. Major banks are among the first to report, offering early insight into both the health of the economy and the broader market backdrop.A timely listener question also sparked a deeper discussion about how we evaluate market-moving headlines—and why news alone doesn't automatically trigger changes to a well-constructed portfolio. Using recent developments involving Venezuela as an example, we walk through the critical distinction between short-term trading and long-term investing. While geopolitical events can drive near-term volatility, our investment decisions are grounded in a disciplined, research-driven process. We explain how Henssler evaluates stocks using multi-point criteria and in-depth fundamental analysis, and why that approach aligns with our long-term financial planning philosophy, the Henssler Ten Year Rule.We're also unpacking a developing story that's drawing attention on Wall Street and in Washington. Reports indicate the U.S. attorney's office is reviewing testimony from Fed Chair Jerome Powell, a move that's quickly become part of a broader effort by the Trump administration to pressure the Federal Reserve to cut interest rates. We'll discuss what this could mean for the Fed's independence, why markets are paying close attention, and why—despite the headlines—monetary policy is intended to be guided by data, not politics.Finally, we take a closer look at today's auto market, where new car prices have jumped more than 30% since 2020, pushing average sticker prices past $50,000. We break down what's driving record-high monthly payments now averaging well over $750, the growing use of eight-, nine-, and even 10-year loan terms, and why these trends matter well beyond the dealership.Join hosts Nick Antonucci, CVA, CEPA, Director of Research, and Managing Associates K.C. Smith, CFP®, CEPA, and D.J. Barker, CWS®, and Kelly-Lynne Scalice, a seasoned communicator and host, on Henssler Money Talks as they explore key financial strategies to help investors navigate market uncertainty. Henssler Money Talks — January 17, 2026  |  Season 40, Episode 3Timestamps and Chapters9:43: Markets, Inflation, and the Earnings Pulse16:12: Investing vs. Trading: Why Headlines Don't Drive Our Portfolios36:46: The Fed Under Fire45:23: The Real Cost of Driving NewFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

This week, the FBI raided the home of a Washington Post journalist, sparking First Amendment fears. At the same time, the Justice Department has opened an investigation into Fed Chair Jerome Powell, drawing concerns from bigwigs on Wall Street and questions as to how the administration treats its perceived political enemies. Colby speaks with Dan Merica, co-anchor of our politics newsletter The Early Brief, and Matt Viser, White House bureau chief, about President Donald Trump's playbook for intimidating his critics, the chilling effects of his administration's probes and why his coarse response to a heckling auto worker has drawn both criticism and praise.Today's show was produced by Thomas Lu and Josh Carroll. It was edited by Martine Powers and mixed by Sean Carter. Subscribe to The Washington Post here. And watch us on YouTube here.

#681: Barry Ritholtz's mom sold real estate. Those dinner table conversations about mortgages helped him spot the 2008 crash before most of Wall Street did. Now he runs Ritholtz Wealth Management and joins us to explain why we're often our own worst investment enemy. He breaks investing mistakes into three categories: bad ideas, bad numbers, and bad behavior. Here's what stood out. Research shows just 2 percent of stocks create all the market's value. The other 98 percent? Pretty much worthless. Barry says 90 percent of everything is garbage — from science fiction to investment advice. Even experts have blind spots. Michael Jordan dominated basketball but couldn't make it in minor league baseball. The lesson? Being brilliant at one thing doesn't make you brilliant at everything. Those financial memes everyone shares? They're misleading. Take Kevin's Home Alone groceries — $20 in 1990, $75 today. Sounds terrible until you realize wages went up the same amount. We actually spend less of our income on food now. Or that scary stat about the dollar losing 96 percent of its value over 100 years. Barry asks: who buries cash for a century? His math: $1,000 buried in 1925 buys almost nothing today. Same $1,000 invested in stocks? It's worth $32 million. Markets don't die of old age. Alan Greenspan warned about "irrational exuberance" in 1996. The Nasdaq kept climbing another 431 percent over four years. Recessions need triggers. They don't show up on schedule like buses. Fear wrecks more portfolios than anything else. Barry quotes neurologist William Bernstein: "Control your amygdala or die poor." Our fight-or-flight response helped us escape predators. It doesn't help us navigate market crashes. Make your investment plan before crisis hits. As Barry says, reading emergency instructions while the engine falls off at 25,000 feet is too late. He's seen every crash since 1987. Markets drop 30 to 40 percent about once a decade. Accept it. Plan for it. Barry advocates for Roth conversions and something called the "Mega Roth." Pay taxes now, withdraw tax-free later. We know today's tax rates. Future rates are anyone's guess. His bottom line: humans are terrible at predicting the future. Build portfolios that can survive anything, because anything will happen. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Intro (02:00) How fear of mistakes can make investors too conservative (06:00) Bad ideas vs good ideas in investing (09:00) Process over outcome in decision making (15:00) Thinking probabilistically about market outcomes (20:00) Why recessions and bull markets don't follow calendars (26:00) AI's real capabilities vs hype (33:00) Different market commentator archetypes (41:00) Expertise doesn't transfer between domains (50:00) Misleading financial statistics everywhere (56:00) Managing emotions when markets crash (1:00:00) Creating an investment plan before crisis (1:05:00) Tax strategies and Roth conversions Learn more about your ad choices. Visit podcastchoices.com/adchoices

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ashley M. Fox. Summary of the Interview In this episode of Money Making Conversations Masterclass, Rushion McDonald interviews Ashley M. Fox—former Wall Street analyst, Howard University alum, financial educator, and founder/CEO of Amplify, a fintech platform focused on making wealth‑building accessible to everyday people. Ashley shares her journey from working with ultra‑high‑net‑worth clients on Wall Street to becoming an entrepreneur determined to bring financial education and empowerment to communities traditionally excluded from wealth conversations. She discusses the creation of Amplify, her financial fall and recovery, her work in schools and prison systems, and how digital content has allowed her to scale her mission globally. The discussion emphasizes mindset, self‑belief, access, and a practical path to wealth, even starting with as little as $20. Purpose of the Interview The interview aims to: 1. Inspire financial empowerment Ashley explains how anyone—regardless of background or starting point—can begin building wealth and shift generational outcomes. 2. Demystify investing and wealth-building She breaks down how simple investing can be, the power of small consistent contributions, and how wealth isn’t limited to entrepreneurs or high earners. 3. Highlight her fintech platform Amplify She shares how Amplify democratizes financial education through online tools, community, and accessible investing classes. 4. Encourage a mindset shift Ashley stresses the importance of eliminating fear, building confidence, and using logic instead of emotion when making financial decisions. Key Takeaways 1. Wealth Begins with Belief and Mindset Ashley learned on Wall Street that the biggest difference between wealthy and non-wealthy people is not education—it's self-belief. Many people don’t believe wealth is possible for them because they've never seen it. 2. You Don’t Need a Lot of Money to Start Investing She urges people to start with $20, even buying fractional shares. It’s consistency—not starting amount—that builds wealth. 3. You Can Invest in Others’ Ideas—Not Just Your Own Building wealth doesn’t require launching a business. Buying stock is one of the easiest ways to participate in wealth creation. 4. Ashley’s Own Journey Included Failure After leaving Wall Street, she was evicted, slept on her parents’ couch for two years, and maxed out credit cards. Her purpose kept her going. 5. Financial Education Should Start Early She developed financial education programs for schools, prison systems, and everyday families because adults often learn too late. 6. Amplify Scales Wealth Education Her platform offers 300+ hours of videos and tools, helping members open 3,000+ investment accounts and invest $7.4M collectively. 7. Social Media Is Her Biggest Access Point Ashley reaches millions by being authentic, relatable, and consistent—meeting people where they are. 8. You Must Pay Yourself First Most people pay bills, companies, and creditors before investing in themselves. She emphasizes reversing that pattern. 9. Logic Over Emotion Wealth requires logical decision‑making, especially in the market. Emotional reactions undermine long-term financial growth. Notable Quotes (Taken From the Transcript) On Wealth Mindset “When you think and know and believe you have the power to create wealth and you deserve wealth, you move a different way.” “There is no president that can build the wealth that you can create for your family.” On Starting Small “You don't have to have a lot of money to start. You just have to have the will to begin.” “A whole lot of $20 can get you to a million—as long as you don’t stop.” On Investing “Consider the companies you give your money to and own them, because they are a lot cheaper than you think.” “If I’m helping you build a billion‑dollar business by using your products, I deserve a piece of the pie.” On Self-Reliance “You pay everybody… the bartender, the mortgage company—and you’re the one without money. Who’s going to worry about you?” On Purpose and Identity “My story never changed. The mission was always dedicated to the people I didn’t see coming into that building on Wall Street.” “Amplify is the movement. It just has my DNA.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.

Andrew Ross Sorkin joins Dan Nathan on the RiskReversal Podcast to dig into his new book, 1929: Inside the Greatest Crash in Wall Street History and How It Shattered a Nation, and what the lessons of the 1920s mean for today's stock market, Fed policy, and AI bubble talk. They connect the dots between the roaring '20s and 2026: meme stocks like GameStop and AMC, crypto manias, “democratizing finance,” tariffs, Federal Reserve debates, margin debt, and how political power shapes Wall Street from Hoover and Roosevelt to the current administration. Follow our boy Bill on Instagram —FOLLOW USYouTube: @RiskReversalMediaInstagram: @riskreversalmediaTwitter: @RiskReversalLinkedIn: RiskReversal Media

As private investment companies encroach upon youth sports, how does that hurt the players — and their families? As Lever reporter Luke Goldstein discovered, there's more at stake than just higher prices.  Today on Lever Time, David Sirota tells the story of how a Lever investigation into a shocking claim prompted a national outcry, one that led to a small but mighty victory against Black Bear Sports Group, one of the youth sports kingpins calling the shots. Read Luke Goldstein's reporting mentioned in the episode here and here.  Click here for a full transcript of the episode. Get ad-free episodes, bonus content and extended interviews by becoming a member at levernews.com/join. To leave a tip for The Lever, click here. It helps us do this kind of independent journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices

Https://VRAinsider.com We peel back the curtain on Federal Reserve Chair Jerome Powell — and the real intentions behind his moves that go far beyond just trying to hurt President Trump. Are interest rates being used as a political weapon, or is something much bigger at play inside the Fed? Joining me is Kip Herriage, who brings rare, inside insight into what Powell is actually signaling, who benefits, and what Wall Street sees coming next. This is the story the financial media won’t tell you — and it matters for your money, your future, and the direction of the country. See omnystudio.com/listener for privacy information.

Welcome back to part 2: In this episode of Private Parts, Liv is joined by Harrison Hide, a former Wall Street broker turned sober influencer and wellness entrepreneur. Harrison opens up about life inside high-pressure finance, addiction, excess, and what really happens when the party never seems to end.He shares his journey to sobriety, the identity crisis that followed, and how stepping away from alcohol forced him to rebuild his life from the ground up. From burnout and addiction to purpose, wellness, and opening a sober members' retreat outside London, this is an honest conversation about ambition, control, and redefining success.Raw, reflective, and deeply personal; this episode is for anyone questioning their relationship with alcohol or chasing more balance in a chaotic world.Make sure you subscribe and follow for more!

In this episode of Private Parts, Liv is joined by Harrison Hide, a former Wall Street broker turned sober influencer and wellness entrepreneur. Harrison opens up about life inside high-pressure finance, addiction, excess, and what really happens when the party never seems to end.He shares his journey to sobriety, the identity crisis that followed, and how stepping away from alcohol forced him to rebuild his life from the ground up. From burnout and addiction to purpose, wellness, and opening a sober members' retreat outside London, this is an honest conversation about ambition, control, and redefining success.Raw, reflective, and deeply personal; this episode is for anyone questioning their relationship with alcohol or chasing more balance in a chaotic world.Make sure you subscribe and follow for more!

Ashley M. Fox. Summary of the Interview In this episode of Money Making Conversations Masterclass, Rushion McDonald interviews Ashley M. Fox—former Wall Street analyst, Howard University alum, financial educator, and founder/CEO of Amplify, a fintech platform focused on making wealth‑building accessible to everyday people. Ashley shares her journey from working with ultra‑high‑net‑worth clients on Wall Street to becoming an entrepreneur determined to bring financial education and empowerment to communities traditionally excluded from wealth conversations. She discusses the creation of Amplify, her financial fall and recovery, her work in schools and prison systems, and how digital content has allowed her to scale her mission globally. The discussion emphasizes mindset, self‑belief, access, and a practical path to wealth, even starting with as little as $20. Purpose of the Interview The interview aims to: 1. Inspire financial empowerment Ashley explains how anyone—regardless of background or starting point—can begin building wealth and shift generational outcomes. 2. Demystify investing and wealth-building She breaks down how simple investing can be, the power of small consistent contributions, and how wealth isn’t limited to entrepreneurs or high earners. 3. Highlight her fintech platform Amplify She shares how Amplify democratizes financial education through online tools, community, and accessible investing classes. 4. Encourage a mindset shift Ashley stresses the importance of eliminating fear, building confidence, and using logic instead of emotion when making financial decisions. Key Takeaways 1. Wealth Begins with Belief and Mindset Ashley learned on Wall Street that the biggest difference between wealthy and non-wealthy people is not education—it's self-belief. Many people don’t believe wealth is possible for them because they've never seen it. 2. You Don’t Need a Lot of Money to Start Investing She urges people to start with $20, even buying fractional shares. It’s consistency—not starting amount—that builds wealth. 3. You Can Invest in Others’ Ideas—Not Just Your Own Building wealth doesn’t require launching a business. Buying stock is one of the easiest ways to participate in wealth creation. 4. Ashley’s Own Journey Included Failure After leaving Wall Street, she was evicted, slept on her parents’ couch for two years, and maxed out credit cards. Her purpose kept her going. 5. Financial Education Should Start Early She developed financial education programs for schools, prison systems, and everyday families because adults often learn too late. 6. Amplify Scales Wealth Education Her platform offers 300+ hours of videos and tools, helping members open 3,000+ investment accounts and invest $7.4M collectively. 7. Social Media Is Her Biggest Access Point Ashley reaches millions by being authentic, relatable, and consistent—meeting people where they are. 8. You Must Pay Yourself First Most people pay bills, companies, and creditors before investing in themselves. She emphasizes reversing that pattern. 9. Logic Over Emotion Wealth requires logical decision‑making, especially in the market. Emotional reactions undermine long-term financial growth. Notable Quotes (Taken From the Transcript) On Wealth Mindset “When you think and know and believe you have the power to create wealth and you deserve wealth, you move a different way.” “There is no president that can build the wealth that you can create for your family.” On Starting Small “You don't have to have a lot of money to start. You just have to have the will to begin.” “A whole lot of $20 can get you to a million—as long as you don’t stop.” On Investing “Consider the companies you give your money to and own them, because they are a lot cheaper than you think.” “If I’m helping you build a billion‑dollar business by using your products, I deserve a piece of the pie.” On Self-Reliance “You pay everybody… the bartender, the mortgage company—and you’re the one without money. Who’s going to worry about you?” On Purpose and Identity “My story never changed. The mission was always dedicated to the people I didn’t see coming into that building on Wall Street.” “Amplify is the movement. It just has my DNA.” #SHMS #STRAW #BESTSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Good morning, afternoon, and good evening, everybody! Scott Carson here, and boy, do I have a treat for anyone asking, "What am I gonna do in 2026?!" Our special guest isn't just a rockstar; he's the man, the myth, the legend who got smacked with an "oh, sh*t, I gotta do something FAST" moment when he and his wife welcomed triplets! That's right, Dave Wolcott of Pantheon Investments, author of Holistic Wealth Strategy, joins us to map out your blueprint to financial freedom. This isn't about silver spoons; it's about intentional living and kicking the "rat race" to the curb!Dave's journey, from 20 years in the Marine Corps to building a phenomenal alternative investment portfolio, shaped his unique 5-phase framework. He's here to show you how to escape Wall Street's paradigm, boost your Financial IQ, and finally achieve that true legacy wealth you've been dreaming of.Here are Dave's 5 Pillars to building your Holistic Wealth:Mindset is 80% of the Game: Learn why focusing on the "six to eight inches between your ears" and cultivating an "asymmetric mindset" (higher yield, lower risk!) is crucial to overcoming self-doubt and conventional financial planning myths.Elevate Your Financial IQ: Discover why your net worth is directly proportional to your financial IQ. Embrace Warren Buffett's wisdom: only invest in what you truly understand, opting for "Main Street" private assets over Wall Street's "pawn" game.Fortress Your Finances with Infrastructure: Understand the importance of building robust infrastructure around your wealth, including solid tax strategies (aim for 20% or less!), infinite banking, and using tools like Pantheon Wealth OS to track your portfolio.Strategic Asset Repositioning: Uncover creative ways to reallocate "trapped" capital from qualified plans (401k) into self-directed IRAs for alternative investments, or leverage home equity for smart arbitrage (borrowing at 8% to make 12%+).Massive Passive Income Through Action: Dave breaks down how to build a diversified portfolio of non-correlated assets (notes, real estate, oil & gas) to achieve the "trifecta": tax efficiency, passive income, and forced appreciation – all by taking consistent action!If you've been hoping your financial future will magically sort itself out (spoiler: hope is not a strategy!), this episode is your wake-up call. Dave proves that true wealth is built intentionally, not accidentally. He'll show you how to stop listening to the "too risky" crowd and start making moves that make sense.Grab your free copy of Dave's book at holisticwealthstrategy.com and start your intentional journey today! Because like Dave's kids, who are already crushing fix-and-flips using infinite banking, it's time to teach yourself (and your family) how to play chess with money, not checkers.Watch the Original VIDEO HERE!Book a Call With Scott HERE!Sign up for the next FREE One-Day Note Class HERE!Sign up for the WCN Membership HERE!Sign up for the next Note Buying For Dummies Workshop HERE!Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest

To help support the show:CashApp- ⁠https://cash.app/$drchrisloomdphd⁠Venmo- ⁠https://account.venmo.com/u/Chris-Loo-4⁠Buy Me a Coffee- ⁠https://www.buymeacoffee.com/chrisJx⁠Subscribe to our email list: ⁠https://financial-freedom-podcast-with-dr-loo.kit.com/⁠Click here to join PodMatch (the "AirBNB" of Podcasting): ⁠https://www.joinpodmatch.com/drchrisloomdphd⁠Click here to purchase my books on Amazon: ⁠https://amzn.to/2PaQn4p⁠For audiobooks, visit: ⁠https://www.audible.com/author/Christopher-H-Loo-MD-PhD/B07WFKBG1F⁠Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Views of the guests do not represent those of the host or show.  

Listen to Jim Cramer's personal guide through the confusing jungle of Wall Street investing, navigating through opportunities and pitfalls with one goal in mind - to help you make money.Mad Money Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

A.M. Edition for Jan. 15. Denmark and several NATO allies are sending troops for military exercises in Greenland, a day after unsuccessful efforts by Danish and Greenlandic officials to persuade President Trump to abandon his pursuit of the island. Plus, Trump appears to roll back threats of an imminent attack on Iran. And Journal special writer Gregory Zuckerman discusses the White House's decision to put Wall Street on the defensive as a part of its midterm-elections push on affordability. Luke Vargas hosts.  Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Financial Whiplash happens when your money moves Faster than your Mindset. One moment you are up the next you are reacting emotionally making decisions from fear ego or urgency. This is not a money problem it is a Self-Control problem. When discipline is missing every gain turns into a lesson. Financial whiplash teaches you that abundance without structure creates pain not freedom. The cure is slowing down strengthening your mindset and respecting money as a tool not a thrill. When your spirit leads and your emotions follow your finances stabilize and growth becomes sustainable.Financial Whiplash | Wallstreet Trapper (Episode 176) Trappin TuesdaysJoin our Exclusive Patreon!!! Creating Financial Empowerment for those who've never had it.

In Episode 458 of Hidden Forces, Demetri Kofinas speaks with Patrick Boyle, a former hedge fund manager, finance professor, and the creator and host of one of the most successful business channels on YouTube, with over a million subscribers and nearly 150 million views spread across several hundred videos. Patrick brings a unique combination of domain expertise and media savvy to his analysis of financial markets, economic scandals, and the complex web of power that connects Wall Street, Silicon Valley, and Washington. Demetri asked Patrick Boyle to appear on the podcast after discovering that his channel had been demonetized as a result of his exploration of the Jeffrey Epstein story—not the salacious details that have dominated headlines, but the deeper questions about the intersection of power, wealth, regulatory capture, and institutional failure that the story reveals. They explore where Epstein's massive fortune actually came from, why simple explanations accounting for his wealth don't add up, what the heavily redacted release of FBI files tells us about how our two-tiered justice system operates in practice, and what Patrick's personal experience of having his YouTube channel demonetized for covering this story reveals about algorithmic censorship and the incentive structures shaping modern media. The rest of the conversation is devoted to a broader discussion about the transformation of our information ecosystem, the power of platforms like YouTube to amplify or suppress content, what it would take to build a viable media company or platform that prioritizes quality and truth over engagement and controversy, the challenges facing young journalists trying to break into rapidly evolving industry, and why maintaining networks of trustworthy content creators and sources has become more important now than ever. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 01/12/2025

Thank you to our sponsor, Uniswap! If trust in central banks erodes, what replaces it? This week's Bits + Bips connects AI, energy, inflation, and Bitcoin. In this episode of Bits + Bips, hosts Austin Campbell, Ram Ahluwalia, and Chris Perkins are joined by Daniel Ives, one of Wall Street's most closely followed technology analysts, to break down how AI is colliding with macroeconomics. They debate whether AI will ultimately be inflationary or deflationary, why energy may become the binding constraint on technological growth, and how rising productivity could force the Federal Reserve into uncomfortable trade-offs. The conversation also covers pressure on central bank independence, the fragility of trust in fiat systems, and why Bitcoin increasingly enters the conversation when that trust erodes. Hosts: Ram Ahluwalia Austin Campbell Christopher Perkins Guests: Daniel Ives, Managing Director and Senior Equity Research Analyst at Wedbush Links: Bitcoin Briefly Pops to $92K on Powell DOJ News, Then Retreats Tether Freezes $182 Million in USDT on Tron Learn more about your ad choices. Visit megaphone.fm/adchoices

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 states have been ripping the American people off for a long time via the money laundering system. This is where a majority of tax money has been going. Trump has begun the attack against the Fed. He is now signaling that the Fed might have committed fraud, either knowingly or unknowingly, either way the Fed is trapped. The [DS] master plan has been exposed. Those who hide behind the curtain have been pushing their agenda to change the US and the world. Trump’s admin are following the money. Trump has sent a clear message to the [DS] that his team will track all those involved in the money laundering they will be tracked down. Panic in DC and across the country.   Economy https://twitter.com/HarmeetKDhillon/status/2011313119885443244?s=20 (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/cabot_phillips/status/2011104168367583534?s=20 https://twitter.com/KanekoaTheGreat/status/2011144823756186066?s=20 President Trump Delivers Remarks from Ford Truck Plant – “The USMCA Means Nothing to Me” President Trump's impromptu remarks from inside the Ford F150 plant will probably not make headline news because, well, quite frankly, what President Trump says below is something the financial media just don't want to discuss.  pay attention to how President Trump emphasizes, then reemphasizes the irrelevance of the USMCA from his perspective.  the Trump administration (USTR Greer) will abandon the trilateral USMCA this year and instead begin a formal process for two bilateral free trade agreements.  the entire financial media system is pretending this is not going to happen, especially in the statements by every stakeholder north of the border.  However, listen to how President Trump himself describes the USMCA or CUSMA as the Snow Mexicans like to call it.  Trump is completely nonplussed about what is going to happen. Source: theconservativetreehouse.com Trump hits back at JP Morgan CEO's defence of Federal Reserve Donald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was undermining the independence of the Federal Reserve.   When asked about the comments by Dimon, who warned against chipping away at the Fed's independence, Trump said: “I think he's wrong. “We should have lower [interest] rates. Jamie Dimon probably wants higher rates, maybe he makes more money that way.” Source: theguardian.com https://twitter.com/TheStormRedux/status/2011146918630752390?s=20 https://twitter.com/profstonge/status/2011451816853348592?s=20  Political/Rights https://twitter.com/mrddmia/status/2011238829781659812?s=20 https://twitter.com/EricLDaugh/status/2011253589428355516?s=20 https://twitter.com/libsoftiktok/status/2011171208448950463?s=20 https://twitter.com/JDVance/status/2011427960775909717?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2011427960775909717%7Ctwgr%5E90bdda16d439c46ad168637111d52fd23567fcf3%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fvp-jd-vance-buries-journalist-two-important-facts%2F  because Biden and Harris let them walk in. 2) In the cities that are not sanctuary cities, the deportation process is orderly and normal–like most law enforcement. In Minneapolis and a few other sanctuary jurisdictions, local jurisdictions and a few leftwing agitators have decided to wage war on all immigration enforcement officers. They are hoping that a little chaos will convince us to give up on immigration enforcement. They are wrong.   https://twitter.com/USAttyEssayli/status/2011214040975228999?s=20   arrested and charged, including county employees. We have already charged more than 100 individuals for similar conduct. Instead of making these meaningless motions, you should cooperate with federal law enforcement to help us target and remove criminal illegal immigrants. As a public official, you have a moral obligation to place the safety of American citizens ahead of your political interest in importing illegal immigrants. https://twitter.com/RapidResponse47/status/2011070234032308258?s=20   https://twitter.com/ElectionWiz/status/2011446318468895164?s=20     DOGE https://twitter.com/elonmusk/status/2011438320484557048?s=20 Geopolitical United States Accuses Chinese Network of Laundering More Than $27 Million for Mexican Cartels The U.S. Department of Justice filed charges this week against Yan Lin, a 41-year-old man accused of being part of a complex Chinese money-laundering network used to repatriate drug-trafficking profits to Mexico. The formal indictment states that Lin and his accomplices allegedly facilitated the transfer of tens of millions of dollars obtained from the sale of fentanyl, cocaine, and methamphetamine in the United States back to Mexico, through an opaque financial chain involving cash purchases of electronic goods and shipments to Asian countries. According to the case filed in federal court in Cincinnati, between 2022 and 2024, Mexican drug-trafficking groups hired this organization to handle the cash generated from drug sales within U.S. territory. The procedure described includes handing over large amounts of physical cash to third parties, who used the funds to buy electronic products. Once the receipt of these goods was confirmed, payment was sent to Mexico through mirror transactions, after deducting a commission. Partial records indicate that at least $27.4 million in cash was moved through this network. The indictment, which includes charges of conspiracy to launder money and concealment of funds, indicates that the alleged operator could face up to 20 years in prison if convicted by a federal court. Source: thegatewayhispanic.com https://twitter.com/MarioNawfal/status/2011075772467847467?s=20   metaphorical resistance. Actual structure. NGOs, unions, funding vehicles, election timelines. The whole starter kit. The guy, Marton Benedek, was sitting inside EU institutions while sketching out a roadmap for protests, messaging, fundraising, even something that reads a lot like a shadow government. He talks openly about building a permanent coordination hub to challenge Orban's rule. This was an EU migration and security official, with deep access and zero plausible deniability, not just some street activist. The early effort flopped. The party he helped build face-planted electorally. But the playbook didn't disappear. It just waited. Fast forward and suddenly a brand-new figure, Peter Magyar, drops out of nowhere, gets wall-to-wall Western media love, runs a campaign with serious money and polish, keeps his ideology vague, stays aggressively pro-EU, and rockets to the top of the polls. No clear funding trail. No real policy spine. But momentum. The uncomfortable part for Brussels isn't whether Orban is good or bad. It's that this confirms what his supporters have said for years: The EU doesn't just pressure governments. It actively works around them when they won't comply. Rule of law language on the surface. Regime-management instincts underneath. If this were Russia doing it, headlines would be screaming “foreign interference.” When it's Brussels, it's called cooperation. https://twitter.com/nypost/status/2011184281989595612?s=20 ‘Going to Be a Big Problem for Him’: Trump Smacks Down Greenland PM After He Says He ‘Chooses Denmark' President Trump isn’t playing around when it comes to the United States taking control of Greenland, and he just sent a warning shot to the island’s prime minister, Jens-Frederik Nielsen, that Nielsen’s continued resistance is “going to be a big problem for him.” Greenland’s PM and other regional authorities downplay the possibility of a hostile takeover of the island by Russia or China, Denmark’s Danish Defense Intelligence Service (DDIS) recently released a pointed assessment of Russian and Chinese military ambitions for Greenland and the Arctic. But the “Intelligence Outlook 2025” report on the security of the Kingdom of Denmark, released just last month, had warned at great length that “China is preparing for a military presence in the Arctic” and that “China's long-term Arctic interests include Greenland.” The report highlighted Chinese air-based, seaborne, and submersible activities in the Arctic. The Danish intelligence report had further assessed that the militaries of China and Russia were collaborating more closely in the Arctic, displaying the growing “DragonBear” alliance between Chinese President Xi Jinping and Russian President Vladimir Putin. Source: redstate.com   far more formidable and effective with Greenland in the hands of the UNITED STATES. Anything less than that is unacceptable. Thank you for your attention to this matter! President DJT https://twitter.com/EricLDaugh/status/2011463771961627044?s=20   War/Peace https://twitter.com/WarClandestine/status/2011169127499788398?s=20 https://twitter.com/MarioNawfal/status/2011391048204059059?s=20   Phones. Internet. Movement. Markets. Hospitals. Schools. Universities. Media. Everything monitored. Arrests are ramping up. Violence is escalating. Using “civil war” language on unarmed protesters and locking down daily life (not to mention the internet for almost a week now), says one thing only. It's about crushing momentum before it spreads. Musk Stands Up Against the Ayatollahs, as Iranian Regime Cracks Down on Starlink Terminals, Deploys Military-Grade Jammers Against Sole Internet Option for Protesters   At the beginning of the massive popular demonstrations in Iran, Elon Musk took the bold initiative of providing free Starlink services for the protestors. A few days in, Iran shut down the Internet in the entire country. For the first time since 2019, a nationwide blackout was imposed, disrupting phone networks and landline telephones. Starlink became the sole web outlet for protesters to get informed, communicate, and share the images of the momentous developments with the world. It didn't take long for the brutal Iranian regime to crack down on Starlink terminals, arrest ‘terrorist' users, and deploy military-grade jammers to impede the functioning of the service. Now, reports say SpaceX engineers are hard at work to bypass the jamming and give protesters a voice, again. Source: thegatewaypundit.com https://twitter.com/DougAMacgregor/status/2011195685773758892?s=20 https://twitter.com/RapidResponse47/status/2011198494355440053?s=20     Zelensky makes another move to avoid election Ukraine’s Vladimir Zelensky has submitted two draft bills to the parliament to extend martial law and general mobilization for another 90 days, effectively postponing elections once again. The move comes despite pressure from US President Donald Trump and the Ukrainian leader earlier saying he was open to holding an election.One of the draft laws submitted to the Verhovna Rada on Monday would extend martial law from February 3 to early May, which would effectively bar national elections for this period.  . Source: sott.net Medical/False Flags https://twitter.com/Breaking911/status/2011198632180297836?s=20 [DS] Agenda https://twitter.com/julie_kelly2/status/2011271584682754272?s=20   BREAKING: ICE Agent Who Fatally Shot Leftist Activist Renee Good as She Tried to Run Him Over Suffered Internal Bleeding to the Torso The ICE agent who fatally shot the woman who tried to run him over during a lawful immigration operation in Minneapolis last week suffered internal bleeding to his torso. CBS News reported:   Source: thegatewaypundit.com https://twitter.com/travelingflying/status/2011233048193613927?s=20 https://twitter.com/AlBuffalo2nite/status/2011094391075602444?s=20   accuracy. That is demographic manipulation. When law enforcement records misclassify race and suppress immigration status, the downstream effect is predictable. Crime statistics are distorted. Public understanding is corrupted. Accountability disappears. Police departments know exactly why this is done. Federal crime data is aggregated by race. When offenders who are foreign nationals are reclassified into domestic racial categories, the real source patterns are buried. The public is then fed a sanitized dataset that supports preselected talking points. This is not about one case. It is about how the books are cooked so trends can never be honestly discussed. News outlets compound the deception. They repeat the arrest sheet verbatim, never asking why immigration status is missing, never questioning implausible physical descriptors, never pressing the department for clarification. The omission is the story, and they deliberately ignore it. That is not journalism. That is information control. If the individual were a citizen, the records would say so. If the individual were legally present, that status would be highlighted immediately. Silence only appears when the truth is politically inconvenient. That silence protects institutions, not victims. Two teenagers are dead, and the system's first instinct was not transparency, but insulation. This is exactly why public trust is collapsing. People are not stupid. They can see when reality does not match the paperwork. When law enforcement manipulates categories and media outlets run interference, the public correctly concludes that the truth is being managed rather than reported. The question is simple. If the data were honest, why hide it. If the classification were accurate, why does it defy common sense. If transparency mattered, why was immigration status erased. This is not incompetence. It is intent. https://twitter.com/TheStormRedux/status/2011214982881386564?s=20  Solomon & Emmer on his podcast today. Emmer said the whistleblowers “not only told Tim Walz about the fraud while it was happening, but that Tim Walz ignored them and in many cases retaliated against them.” Damning if true! https://twitter.com/GrageDustin/status/2011226123129274862?s=20 FBI Raids Home of Washington Post Reporter Who Obtained and Published Illegally Leaked Information From Pentagon Contractor The FBI raided the home of a Washington Post reporter who obtained classified and illegally leaked information from a Pentagon contractor. Feds executed a search warrant at the Alexandria, Virginia, home of WaPo reporter Hannah Natanson on Wednesday morning as part of an investigation into a Maryland system administrator who has a top security clearance. The FBI seized Natanson's cell phone, two laptops (one personal and one work-related), and a Garmin watch. Natanson is not the subject of the investigation. https://twitter.com/AGPamBondi/status/2011456849711612019?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2011456849711612019%7Ctwgr%5E1137a377f2046bbeeba0877917fc3aa2fc84a5c0%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Ffbi-raids-home-washington-post-reporter-who-obtained%2F  currently behind bars. I am proud to work alongside Secretary Hegseth on this effort. The Trump Administration will not tolerate illegal leaks of classified information that, when reported, pose a grave risk to our Nation's national security and the brave men and women who are serving our country. Source: thegatewaypundit.com JUST IN: Federal Prosecutors Are Investigating Democrat Senator Elissa Slotkin After She Urged Military Members to Defy Trump's Orders  Democrat Senator Elissa Slotkin (MI) said she is being investigated by federal prosecutors after she urged members of the military to defy President Trump. In November, without offering any specifics, Senators Elissa Slotkin (D-MI) and Mark Kelly (D-AZ), along with Democrat Reps. Maggie Goodlander (NH), Jason Crow (CO), Chris Deluzio (PA), and Chrissy Houlahan (PA) repeatedly stated, “You can refuse illegal orders,” or “You must refuse illegal orders,” in a viral video. Slotkin, a former CIA analyst, was the organizer of the video. She was the ringleader and proudly urged US service members to defy orders from President Trump and Pete Hegseth. WATCH: Source: thegatewaypundit.com https://twitter.com/GOPoversight/status/2011213394460983459?s=20   President Trump's Plan Ford Auto Worker Suspended After Screaming Obscenities at President Trump – Now Insists He's the Victim of “Political Retribution” – Is Raising Money on GoFundMeb   Trump first visited the Ford plant where he received a warm welcome. The President took selfies with some of the workers as he made his way through the plant. However, at one point, a disgruntled worker screamed obscenities at the President as he walked with Ford Executive Chairman Bill Ford, Jr. The heckler appeared to shout, “pedophile protector!” as Trump toured the plant. President Trump shot back with a middle finger and appeared to say or mouth, ‘f*ck you.' White House spokesman Steven Cheung defended Trump and said, “A lunatic was wildly screaming expletives in a fit of rage, and the President gave an appropriate and unambiguous response.” WATCH: Trump Flips Off Heckler at Ford Plant   Now here's the update: According to the Detroit Free Press the loudmouth employee was suspended after the rude attacks on President Trump. The auto worker TJ Sabula says he has no regrets for heckling the US President at work. FOX News has more from Tabula:   Source: thegatewaypundit.com  https://twitter.com/DrOzCMS/status/2011492127818043613?s=20   Another Victory for Tom Fitton and Judicial Watch – Oregon Agrees to Clean 800,000 Names of Inactive Voters from Voter Rolls  Tom Fitton, the president of Judicial Watch, announced that his organization was suing Oregon to remove the names of inactive voters from the state's voter rolls. Here is what Tom said, “Hey, everyone. Huge news. Judicial Watch lawsuits led to the cleanup of 4 million dirty names from the voting rolls in just the last two years or so. But there's more heavy lifting to be done for cleaner elections. That's why Judicial Watch just sued the state of Oregon to force it to finally clean up its voting rolls, which are a mess. Federal law requires states to take reasonable steps to clean up their voting rolls, and Oregon hasn't been doing that. In fact, our new lawsuit, Just Filed For and With the Constitution Party of Oregon and Oregon Voters, details how 29 of Oregon's 36 counties removed few or no registrations as required by federal election law. Oregon and 35 of its counties had overall registration rates exceeding 100%. Frankly, Oregon has the highest known inactive registration rate of any state in the nation. Dirty voting rolls can mean dirty elections.   Tom Fitton announced that the Oregon Secretary of State announced removal of 800,000 dirty names from the state's voter rolls. https://twitter.com/TomFitton/status/2010748003834016216?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2010748003834016216%7Ctwgr%5Ed441c69e8d73f0694063c2d5ef9f04f6759470f5%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2026%2F01%2Fanother-victory-tom-fitton-judicial-watch-oregon-agrees%2F   Source: thegatewaypundit.com https://twitter.com/EricLDaugh/status/2011464963257196757?s=20 to 2 weeks SCOTUS has upheld Rep. Bost’s (R) standing to challenge this law in favor of a SINGLE election day AWESOME! These laws must be overturned. We have an election DAY. https://twitter.com/DataRepublican/status/1987353278674575441?s=20   the Treasury Scott Bessent to FOLLOW THE MONEY, and put an END to this abuse once and for all, first in Minnesota, and then all around the Country! https://twitter.com/WarClandestine/status/2011198906168750318?s=20  Dems are stealing elections by massive fraud in just a handful of counties per state, via illegals voting. The Dems' entire platform revolves around election fraud and retaining/expanding their power. Hence why they don't want ICE/US MIL deporting illegals in their sanctuary cities, why they don't want voter ID, and why they want the border open. That's what all the fuss is about. It's because Trump is getting close to ending the Democrat Party as we know it. Without illegals voting in their districts, they face extinction. Not only will they no longer be able to win elections, but this election fraud scheme was nothing short of treasonous. They sold us out to foreigners while pocketing our money. They covertly enslaved us and enriched themselves off our labor, while we struggle to stay afloat. This is a serious situation. Capital punishment type stuff.  https://twitter.com/RapidResponse47/status/2011166251184521466?s=20     https://twitter.com/Scavino47/status/2011298763701354560?s=20 https://twitter.com/truestormyjoe/status/2011313919575671066?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");

Rising from humble summer intern to the formidable CEO of Lehman Brothers, Dick Fuld is determined to make the investment bank succeed, even if that means making risky bets that could set the stage for disaster.Be the first to know about Wondery's newest podcasts, curated recommendations, and more! Sign up now at https://wondery.fm/wonderynewsletterListen to American Scandal on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial today by visiting wondery.com/links/american-scandal/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.