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"Does the administration care that much? I'm not sure." Shutdown enters second week as talks stall
MSNBC· 2025-10-09 04:09
It is time now for money, power, politics, and today is day eight of the government shutdown with both sides digging in with zero end in sight. But that doesn't mean the Trump administration has stopped making deals. And a recent one caught our eye.Listen to this one. On Monday, the White House said it is taking a 10% stake in Trilogy Metals. Yep, I get it.You've never heard of it. It is a small Canadian mining company after investing nearly $36 million into it. The company has mining rights in a remote reg ...
Nomi Prins: Broadcast Interview – Available Now
Kingworldnews· 2025-09-19 23:05
Core Insights - The article discusses Nomi Prins' latest book "PERMANENT DISTORTION," which explores the growing divide between financial markets and the real economy, highlighting the consequences of this disparity [1][15][22] - Prins argues that the concept of "free markets" is no longer viable, and that a political power shift is leading to a new world order, with trade wars and social unrest on the horizon [1][15][16] Group 1: Nomi Prins' Background and Expertise - Nomi Prins is a former managing director at Goldman Sachs and has extensive experience in the financial sector, having worked at Bear Stearns, Lehman Brothers, and Chase Manhattan Bank [7][8] - She transitioned to journalism to expose unethical practices in the banking industry and has since become a prominent voice on economic reform [8][12] - Prins has delivered keynote speeches at major global institutions, including the Federal Reserve, IMF, and World Bank, establishing her as a leading authority on financial systems [11][12] Group 2: Themes in "PERMANENT DISTORTION" - The book details the impact of two major financial crises in the 21st century and the chaos they have caused across the global economy [15][22] - Prins describes the current economic state as "Permanent Distortion," where financial markets thrive while the real economy struggles to meet the needs of the population [1][15][16] - The narrative emphasizes the manipulation of financial systems to benefit a select elite, leading to increased social and civil unrest [1][15][22] Group 3: Implications for the Future - The article suggests that the ongoing economic conditions will lead to more trade wars and a shift in global power dynamics [1][15][16] - Prins' insights indicate that without significant reform, the gap between the financial markets and the real economy will continue to widen, exacerbating existing social issues [1][15][22]
Trump's debanking executive order praised by Americans for Free Markets in new seven-figure ad campaign
Fox Business· 2025-09-05 17:05
Group 1 - A new ad campaign by Americans for Free Markets (AFFM) praises President Trump for his actions against "debanking," a practice criticized for being politically motivated [1][2] - The campaign, which has a seven-figure budget, will be broadcast during major college football and NFL games, as well as on cable news and digital platforms [2] - The ad highlights the alleged pressure from previous administrations on banks to limit services for certain individuals and businesses, framing it as a violation of freedom [3][6] Group 2 - Debanking is defined as banks closing accounts or denying services, often without explanation, and has been linked to federal anti-money laundering laws [10] - Executives from leading U.S. banks reported that the Obama and Biden administrations exploited ambiguities in federal laws to achieve political goals, including the targeting of specific industries [11] - The ad campaign emphasizes the need for accountability of federal regulators and the importance of a financial system free from political interference [6][13] Group 3 - Trump ended "Operation Choke Point" in 2017, which was aimed at limiting services to certain industries, but accusations have arisen that the Biden administration has revived similar initiatives targeting crypto firms [12]
X @The Economist
The Economist· 2025-09-05 12:40
Political Landscape - Europe's hard-right parties have consolidated on a platform combining qualified support for free markets with targeted handouts [1] Potential Impact - The shift in hard-right parties' agenda could have significant implications for the continent [1]
A hedge against all of bad governance is to buy bitcoin, says Tim Draper
CNBC Television· 2025-08-25 13:52
One of the earliest crypto investors is back to over 30 unicorns including Tesla, SpaceX, Skype, Coinbase, and Robin Hood, just to name a few of his big winnings. Joining us right now, venture capitalist Tim Draper. He's the founder and managing director of Draper and Associates. Good morning to you, Tim. It's great to see you. Uh, as I mentioned, you have uh you have been early and early often uh with a lot of things and one of them is Bitcoin. you have a particular view that we are about to go on a a new ...
‘The most interventionist WH in my lifetime’: Trump’s economy under fire as CEOs bow to demands
MSNBC· 2025-08-08 00:10
Trump's trade war heating up again while he also tries to use and sometimes blatantly abuse federal government power to take control of free markets on Wall Street. An interesting contrast as we've reported because so many Wall Street folks worried that past Democratic administrations would interfere in their business, but this first year of Trump second term has done so more than any modern administration. As for the tariffs today, they are here hitting many countries, raising import taxes to the highest l ...
X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-08-07 20:36
Financial Independence & Freedom - Freedom is highlighted as the ultimate form of wealth [1] - Bitcoin is presented as the guiding principle (North Star) for achieving financial independence [1] Market & Economic Commentary - The report questions the existence of truly free markets within the U S [1] - Housing is framed as a liability rather than an asset [1]
X @Bitcoin Archive
Bitcoin Archive· 2025-07-29 13:27
RT Bitcoin Archive (@BTC_Archive)WHAT'S THE PROBLEM?I talk to Joe Bryan, Entrepreneur and former investment banker turned Bitcoin story teller about why:- Prices are sky high- Wages are low- Your quality of living keeps fallingJoe’s mission is to make the world understand why it is the way it is in an easily accessible way, regardless of how much you know about economics, politics, or Bitcoin.CONNECT WITH JOE BRYANX: @satmojoeYoutube: https://t.co/cpFsCtxIPkWebsite: https://t.co/DrDzmSJoDeTIME STAMPS0:00 - ...
X @Balaji
Balaji· 2025-07-14 14:51
Remember, big tech did clean M&As for years.So what changed?It was the Biden-era regulatory assault.The most recognizable face was Lina Khan at FTC.Though to be fair, it's now an international affair.And it's also been continued by the current admin.Because Trump 2 is pro-crypto, but anti-Big Tech.And you know what? I get it.Big Tech did back wokes and censor citizens.But big M&As aren't really big wins for bigcos.They're more like surrenders.They signify that big tech couldn't build, so had to buy.And each ...
The Wolf-Krugman Exchange: The cost of losing trust in the US | FT Podcasts
Financial Times· 2025-06-06 23:15
US Economic & Political Shifts - The US administration has undermined trust by abandoning trade agreements and rule of law, leading to erratic and unpredictable governance [7][8] - The abandonment of the "most favored nation" principle in international trade signals a disregard for past agreements [9][10] - The US is behaving like an arbitrary despot, undermining the ability of businesses and individuals to plan [14][16] - The US is becoming increasingly unreliable compared to other economic superpowers like the EU and China [35][37] Trade & Tariffs - The US has blown up the international trading system, exemplified by doubling the tariff on steel from 25% to 50% [29] - The invocation of the national security clause (Section 232) to justify tariffs is seen as a veneer of legality [30] - Unpredictable tariff rates create uncertainty for businesses, potentially leading to investment paralysis [31][32] Corruption & Influence - The US is perceived to have abandoned anti-corruption efforts, setting a bad example for other governments [40][41] - The presidency appears to be "for sale," potentially altering the nature of successful business leadership [44] - Bribing people in power may become a way to get business in America, disadvantaging countries with rule of law [45] Financial System Risks - Suggestions of converting American debt into ultra-long-term debt (century bonds) are viewed as a potential default [47][48] - The reliability of US debt is being questioned, potentially leading to a world system without a safe asset [53] Assault on Science & Universities - There is a systematic attack on the American scientific system and universities, including foreign students and faculty [59][60] - Restrictions on foreign students and faculty are damaging collaboration between universities and business [62][63] - Hostility to independent thought and science is undermining the factors that made the US successful [66][67]