Hey everyone! Hope you're doing well! CFR analysts are the best and this one doesn't let down either. This 30 minutes will fly by. Tons of threats of uncertainty on the horizon! https://www.youtube.com/live/3xywoGkc84s?si=UJMcb5plsdSw6_WM The fact each of their videos will only receive a few thousand views while a random news report from CBS with zero real information on the same subject will get over a million is truly wild. No wonder there's a two tier economy, there's certainly a two tier media landscape. CEOs/COOs/CFOs watch live and follow through with questions at the end. It's almost ALWAYS illuminating at the least.

There are people on the right who wants to get rid of illegals which I think isn't a good idea. Apparently some of the illegals pay income tax and property tax. If they are forced to leave would Amercians have to pay more income tax and property tax? I know the illegals help with the economy. Since some American citizens are having abortions and birth rates have been declining. Personally I don't think getting rid of the illegals is a good thing. Not for the economy not for the tay payer. Maybe I'm wrong. I am guessing federal income tax for each American would go up for Americans if illegal leave USA. https://itep.org/undocumented-immigrants-taxes-2024/ https://www.youtube.com/watch?v=LCl9-uaKzv8

https://youtu.be/dOSIZzcV2ks?si=Dmrc-Y5O8ViGJsJ- "Most people want to have money, spend money, save money, but they don't want to understand it intimately." This is a creepy interview that I did not expect to be Jeffrey explaining fractional reserve banking and his own knowledge of the banking system. This statement is from 13:45 In this interview, Jeffrey Epstein discusses his involvement with the Santa Fe Institute and the Rockefeller University, highlighting his interest in interdisciplinary work and the application of mathematics to finance (0:05-1:34). He recounts his unexpected appointment to the board of Rockefeller University due to his financial expertise, emphasizing the shift from reputation to calculable data in the mid-70s Wall Street (2:04-3:41). Epstein also shares anecdotes about David Rockefeller, including his perspective on money and world politics, and the formation of the Trilateral Commission, which brought together businessmen and politicians from North America, Europe, and Asia (4:09-6:08). He humorously recalls his application to the commission and his view that many world leaders lack financial understanding (6:10-8:10). A significant portion of the interview delves into the concept of fractionalized banking and the common misunderstanding of financial terms like assets and liabilities (10:19-11:38). Epstein explains that this lack of understanding contributes to fundamental errors in financial decision-making at country and institutional levels (8:11-8:18). The conversation also touches on the financial crisis of 2008, which Epstein experienced while in solitary confinement (24:48-25:04). He describes how he learned about the collapse of Lehman Brothers and the Bear Sterns bailout through a prison guard and later, collect calls to top financial figures (27:31-29:27). He provides his perspective on the causes of the crisis, dismissing derivatives as the sole factor and emphasizing the systemic collapse (36:52-37:34). Epstein concludes by explaining his analogy of the financial system to a human body, where liquidity is vital, and interventions are akin to medical emergencies (40:20-42:09).

There is a lot of chatter on the news about the fed intervention in the Japanese Yen. I wanted to share a portion of the credible threat theory and look at the Brenanke speech and this particular statement. “The Fed can inject money into the economy in still other ways. For example, the Fed has the authority to buy foreign government debt, as well as domestic government debt. Potentially, this class of assets offers huge scope for Fed operations, as the quantity of foreign assets eligible for purchase by the Fed is several times the stock of U.S. government debt.” It would only seem to be the expected path of the fed considering this quote. I myself have thought about this many times and wondered what would trigger such an event.