#banking-system-complicity

#banking-system-complicity

"The best way to deal with the problem is to actually deal with the problem, to acknowledge it, to work on it," Dimon stated, emphasizing the urgency of addressing the national debt.

It's possible one day we'll do something like that. We're not going to be in sports. We're not going to be in politics. There's a bunch of stuff we won't do.

Kilgour arranged a bank loan and in June 1989 he launched Four Seasons Health Care, taking the name from a restaurant in Midtown Manhattan where he had once dined.

The Commission has full authority to police illegal trading practices occurring on any DCM, including those described above related to prediction markets. Kalshi used its own announcement to underscore that we ban insider trading and said it had launched about 200 investigations over the past year. More than a dozen of those inquiries led to formal enforcement actions.

Defense Secretary Pete Hegseth took the unprecedented step of designating a U.S. firm-Anthropic-as a supply chain risk. Anthropic's crime? It refused to violate industry-wide protocols against using AI for mass surveillance or autonomous weapons. Hegseth's designation, which has until now been reserved for foreign firms, bars U.S. military contractors from doing business with the company.

There'll be some idiosyncratic risk in there from folks who don't have good credit standards, but I don't think it's a systemic issue. Where it gets a little more concerning would be if the Middle East crisis goes on for a long time, and you see a convergence of the concerns on AI valuations.

In April 2024, the value of all the dollar bills in circulation reached an all-time high of $2.345tn, and may well be even more than that by now. The total value of dollars in the world has doubled every decade since the 1970s. Similarly, there are 1.552tn euro notes in circulation, while most other currencies the British pound, the Japanese yen, the Swiss franc and so on are all at something like their highest levels in history.

Weeks after Donald Trump's first shock election win, bosses from across corporate America were scrambling to enter the president's orbit. Business leaders ranging from the General Motors boss, Mary Barra, to Disney's chief, Bob Iger, quickly signed up to a new advisory council in 2016 to help shape the aggressively pro-growth policies of this new populist politician. Among them was the head of America's largest bank: Jamie Dimon, the chair and chief executive of JP Morgan.

According to Oxfam International's "Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power" report this week, a billionaire boom has coincided with the rise of the richest exerting political influence, with billionaires 4,000 times more likely to hold office than less wealthy people globally. And if those billionaires aren't running for office, they're pouring money into campaigns. Per Oxfam, one in six dollars spent by all U.S. candidates, parties, and committees in the 2024 elections came from 100 billionaire families.