Lessons from Wall Street

Lessons from Wall Street

Whoever controls the narrative controls the world. That’s all you’re seeing in efforts to manage information via censorship, algorithm changes, “fact” checking, Russian propaganda panic, etc. Humans are story-driven animals, so if you control the stories you control the humans. ❖ Lessons from this whole Wall Street/Reddit ordeal: The stock market is a scam. There…

The GameStop gamble is a Disaster. You Don’t Fix a Broken System by Playing by Its Rules

The GameStop gamble is a Disaster. You Don’t Fix a Broken System by Playing by Its Rules

The GameStop saga has been celebrated as the little guy’s victory against Wall Street elite – but in reality, those behind it are gamblers just like Elon Musk or Nancy Pelosi, contributing to volatility that will lead to disaster. How does one spot a market mania? Joe Biden’s Treasury Secretary Janet Yellen spent almost two…

Will US Government Allow Bitcoin to go Wall St.?

Will US Government Allow Bitcoin to go Wall St.?

The big worry among the bitcoin perma-bears is the threat of government ‘making it illegal.’ The latest bogeyman on this front is none other than U.S. Treasury Secretary Steve Mnuchin. Rumors float that he’s considering outlawing ‘self-custody wallets,’ in effect confiscating the private keys of everyone’s cryptos. In a Twitter-thread, the chief executive [of Coinbase…

The Pandemic Dirty Dozen

The Pandemic Dirty Dozen

These 12 people get rich while doing the most harm. It’s tough to even explain to people how much the wealth of the richest Americans has increased while everyone else has suffered during this pandemic. The human brain can’t process the numbers. It’s like trying to explain the entire plot of “Twin Peaks” to a…

The Fed’s Fiscal Profligacy and Greedy Tech Oligarchs Are Sinking Capitalism Faster Than the Titanic

The Fed’s Fiscal Profligacy and Greedy Tech Oligarchs Are Sinking Capitalism Faster Than the Titanic

During my 40-year Wall St career, I’ve never seen a mania like this. The problem is that central banks are rogue hedge funds with printing presses who are not elected or accountable and make policies that are consistently wrong. US stock markets were rocked last week by massive volatility that saw the most significant declines…