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Shocker: World’s biggest bank CEO hates crypto

Yesterday Senator Elizabeth Warren used a Wall Street oversight hearing to whine about cryptocurrency. At one point, almost as if a well-choreographed football play, she passed the ball to Jamie Dimon — CEO of JP Morgan Chase, the biggest bank in the world — to “explain why crypto is such an attractive financial

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Charlie Munger’s final analysis of America

It’s my sincere hope that I’m able to live both the quantity and quality of life that Charlie Munger had. Even at age 99, he appeared vivacious and energetic– as one Wall Street Journal reporter remarked after interviewing him back in September. Their session went four straight hours with Munger going nonstop the

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“The science is clear,” and other fanatical assertions

Galileo must have already known what was going to happen when, on February 24, 1616, a panel of eleven ‘experts’ commissioned by the Catholic church delivered its final report. The panel had been ordered to assess Galileo’s work– specifically his ‘controversial’ assertion that other planets revolved around the sun– and not around the

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This country’s future ‘economic citizenship’ program could be the best in the world

When the international news agency AFP announced last week that libertarian outsider Javier Milei had won Argentina’s presidential election, the headline was absolutely hilarious. AFP claimed that the election of Milei– a self-described anarcho-capitalist, was “plunging the country into uncertainty in the midst of a crippling economic crisis.” Uncertainty? We’re talking about a

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Another central banker admits the truth about the US dollar

On March 20, 1602, after a few years of painstaking negotiations, a deal was struck amid the cobblestone streets and legendary waterways of Amsterdam that changed the world of finance forever. The Dutch Republic (as it was known back then) was already a major economic power in the early 1600s; Dutch merchants boasted

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Some clear thinking about the riots in Ireland

On Sunday March 10, 1793, in the village of Pin-en-Mauges in western France, a prominent local textile vendor named Jacques Cathelineau was peacefully enjoying his Sunday afternoon, when five men suddenly appeared to deliver urgent news. Cathelineau could probably read their faces and knew what happened before anyone said a word. By the

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Leonardo DiCaprio is officially the dumb*$$ of the week

When journalist Don Hoefler first coined the term “Silicon Valley” in the early 1970s, the San Francisco Bay and Santa Clara valley region had already been home to thriving tech companies for decades. Then future titans like Apple and Adobe joined the scene, and the region really started to take off. Today, Silicon

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