I teach Finance & Investing on YouTube
Las Vegas
Joined December 2008
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Circular financing. Real estate edition:
Lennar caught selling homes to themselves, juicing numbers and inflating comps.
h/t @hntrbrkmedia @m3_melody $LEN
Don’t forget the massive bailout that follows - can’t let the pension funds, retirees, and insurance companies fail.
Big print. Move the losses to the taxpayers.
Privatize the gains, socialize the losses.
A bank just failed (Nano Banc of Irvine, California) and the 10 Year bond yield is skyrocketing. Probably nothing.
1. Cause the problem ("AI crisis")
2. Use crisis as cover for financial repression
3. Sell them the solution (CBDCs)
.
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4. Profit?
The chief economist at Apollo is warning that mass adoption of AI agents could trigger a bank run as they optimize user investments. Gary Gensler spent his last few years as SEC chair warning that the exact same problem will hit the markets: the pursuit of algorithmic perfection at scale destroys system stability. Personal-finance agents making simultaneous optimal decisions could potentially cause a massive flash crash.
Agent acausal coordination, with no messages passed between them, will show up in a lot of places. Markets will get the big headlines, but huge numbers of clever advisors making very similar choices will impact all of human society. Capability gains make this worse, not better. The smarter the agents, the narrower the optimal path; and knowing that other agents see that exact same path lets them move together without talking to each other. Agents do not need to collude to act in unison. Thus, they break no human laws by doing so. Human laws were not written for this. They were not written for a lot of what is coming, and it is about to start happening very fast.
BREAKING: Interest rates go up 0.25%. The plan continues: look tough on inflation, continue shifting the debt from long end to short.
Wow! @RobinhoodApp users beware! Just got a fraud prevention text from Japan that looked legit. I respond “No” and got an immediate call from someone who sounded legit. It was a phishing scam. Stay safe!
Anyone else find it odd the US Mint is selling 1oz of this gold coin at nearly $20k?
What's the best way to buy gold without instantly losing 10% in premiums, and another 10% when selling? Seems like they would REALLY prefer you to buy paper gold.
Way too many people are getting excited. I'd give it a little more time before we say it's the start of the new Bitcoin cycle
Japan is fighting to save the yen. Watch here: youtu.be/YBhwK-VWsxY?is=yFd3…
Congrats @LynAldenContact !
When the juice is worth the squeeze. Introducing ORANGE JUICE! A company that acquires, improves, and permanently holds cash-flowing businesses, backed by a Bitcoin treasury 🍊🔥 orangejuice.com/blogs/insigh…
Andrei Jikh retweeted
The Iranian navy, which has been destroyed eight times, has apparently closed the Strait of Hormuz again, because the United States, for the seventh time, won the war that wasn’t a war, so now the United States has to open the Strait of Hormuz that was already open before the not-war began.
The not-war began because Iran had uranium that was totally, completely, beautifully obliterated, so they can’t build the nuclear bomb they weren’t building, which is why the United States had to start the not-war it definitely didn’t start.
Now the United States, which has nuclear weapons, is threatening to use nuclear weapons to stop Iran from getting nuclear weapons, because nuclear weapons are far too dangerous for countries with nuclear weapons to allow other countries to have.
If the United States saw the United States doing what the United States does in other countries, the United States would invade the United States to liberate the United States from the tyranny of the United States.