China’s Casino Economy Exposed with Thomas J. DiLorenzo

from Kerry Lutz’s Financial Survival Network Kerry hosted Thomas J. DiLorenzo to discuss the implications of China’s economic strategies, as outlined in DiLorenzo’s book, “Casino Economy.” DiLorenzo expressed concerns that China’s monetary injections are aimed at creating temporary economic booms, which often lead …

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The Fed just kicked the can on capital increases for the dangerous Wall Street MEME Megabanks and their casino derivatives down the road until 2028. Wut could go wrong?

TL;DR: The Megabanks Are Winning the Fight Against Stronger Capital Requirements Dimon and McHenry: These two powerful figures, representing JPMorgan Chase and the House Financial Services Committee, respectively, are actively working to weaken proposed capital requirements for large banks. Derivative Risk: Megabanks …

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New product in the casino…

New Product in the Casino: Could someone verify if the valuations of SpaceX and OpenAI have really surged by twelve times since March 26th? Apparently, that's the total return since then by a new ETF $DXYZ supposedly investing in them. …

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Buffett warns of market resembling a casino; 0DTE options, NFTs soar post-Covid. Speculation frenzy evident. Why the gambling mentality?

Warren Buffett echoed Charlie Munger’s criticism in his annual letter, that the stock market has become increasingly “casino-like.” Buffett believes too many investors act as speculators rather than long-term investors focused on company fundamentals. The ease of online trading apps has made buying and selling stocks …

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Five Wall Street ‘Casino’ Banks Hold $223 Trillion in Derivatives — 83 Percent of All of the Derivatives held at 4,600 Banks. The vast majority of which are held in SWAPS. Everything is fine

By Pam Martens and Russ Martens: February 13, 2024 ~ According to the Financial Crisis Inquiry Commission (FCIC), derivatives played a major role in the financial crash of 2007 to 2010 in the United States, the worst financial crisis in …

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Until the Glass-Steagall Act is restored, barring the Wall Street trading casino from owning federally-insured commercial banks, the U.S. banking system will lurch from one crisis to the next, until its reputation as a first-class financial system is relegated to the dustbin of history.

  Lobbyists Grab Control at House Financial Services Hearings, Backing Jamie Dimon’s Push to Gut Higher Capital Proposals We’re very sorry to have to tell you this, but if you’re not watching Senate Banking or House Financial Services Committee hearings …

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