Some very good news one day after the release of my book, The Money Dilemma. This is a quick note to say congratulations! The Money Dilemma is currently appearing as a #1# Bestseller ranking on Amazon under Philanthropy and Charity.

Congratulations to my friend @Frank_Giustra on the release of his new book, The Money Dilemma. Frank and I have shared many laughs over the years, often about just how absurd our monetary system has become. But behind those laughs are some very serious conversations about money, history, and where the world is heading. I am excited to see him share his perspective with the world. Congrats, Frank.

Absolute bloodbath today.... Aphabet, Google's parent company, fell 12.64% on Thursday after earnings. That’s roughly $500 billion in market cap gone in a single day. And on Friday, it was under pressure again, falling another 1.79% intraday. Intel plunged approximately 28% on Friday, after falling as much as 20% in after-hours trading Thursday following its earnings release. The company actually beat Wall Street's third-quarter earnings expectations, but its disappointing fourth-quarter guidance triggered a massive selloff, wiping out more than $120 billion in market value. Amazon initially dropped around 7% in after-hours trading Thursday after reporting earnings, before recovering some ground. By early Friday afternoon, it was down approximately 4.5%, as investors reacted to enormous AI infrastructure spending and negative $42.4 billion in free cash flow over the past 12 months. And the selling spread across the semiconductor sector. Nvidia was down approximately 3.4%, AMD plunged nearly 10%, and Micron fell around 5%. Coinbase was also under pressure as news of the Binance hack, potentially the largest cryptocurrency theft in history, shook confidence in crypto markets I'll be covering this extensively today

S&P Dow Jones Indices, the company behind some of the world's most important financial benchmarks, is partnering with @Kalshi to create indices based on real-world events, from political outcomes to supply chain disruptions and economic risks. This could be a big step for financial markets. Just as the S&P 500 made it easier to track and invest in the broader stock market, event-based indices could eventually give investors new ways to measure, trade, and hedge risks that traditional financial instruments don't directly capture. Prediction markets are becoming more ingrained in the tradfi system

🇨🇦 Vancouver's HOUSING crisis is entering a VERY DANGEROUS phase Court-ordered property listings have climbed toward a 20-year high, with 946 recorded across Greater Vancouver and the Fraser Valley through September. But here's the alarming part. Only 38% have sold, compared with a typical annual rate of around 60%. David Lin points to properties losing enormous amounts of value, including examples of homes falling from roughly $2 million to $1 million in just two years. And behind the pressure is Canada's mortgage renewal system. Homeowners who locked in cheap financing during the pandemic are now confronting higher borrowing costs, sometimes on properties worth considerably less than they paid. That's when a housing correction becomes something far more serious: people who can no longer afford to hold their homes, entering a market where buyers are increasingly hard to find. Source: NYT / Writer: Oliver

Dear Secretary Bessent @SecScottBessent, My name is Everett Stern. In 2010 I was a compliance officer at @HSBC. From a back office in New Castle, Delaware, I watched billions of dollars move to drug cartels, sanctioned regimes, and terrorist organizations. The enemies of the United States. I documented it, I escalated it, and when the bank would not act, I took it to the @FBI, the @CIA, and eventually the @SECGov. The result was a $1.92 billion settlement. At the time, it was one of the largest in American history. It was also about five weeks of the bank’s profit. Not one banker was charged. Not one went to prison. I paid a different price. I lost my career, my savings, and my place in the industry I had trained for. I was blacklisted. Every door in American finance closed at once. I slept on a camping cot in a 300 square foot apartment because I could not afford a bed, and I waited tables at @PFChangs to eat. I tell you this not for sympathy, but so you understand that I know exactly what it costs to do the right thing in American finance, and exactly how little the system does in return. I made that sacrifice because I believed it would change something. Yesterday, your department fined @BankofAmerica $1.2 billion for failing to report more than $5 billion in suspicious transactions, some of it tied by your own findings to Chinese laundering networks, narcotics, and the southwest border, alongside 475 apparent sanctions violations touching Russia, Iran, and global terrorism. The bank admitted it willfully violated the Bank Secrecy Act. Fourteen years after HSBC. A bank with “America” in its name. And once again, not one individual charged. Secretary Bessent, I want to say plainly what I believe you already know. The fines are not working. A fine is paid by shareholders, absorbed by the balance sheet, and forgotten by the next earnings call. Bank of America reported earnings this morning. Nobody who set the alert thresholds, nobody who decided the 2024 cease and desist could wait, nobody who chose the backlog over the law will lose a single thing they value. Their lives are untouched. That is the entire reason the behavior repeats. This is money laundering. This is blood money. Money that reaches a cartel buys fentanyl that kills Americans. Money that reaches a terrorist organization buys the next attack. This country has fought a war on drugs and a war on terror for decades, at enormous cost in lives and treasure, and all the while we have allowed the financing to flow through institutions we charter and regulate. Cut off the money and we win. We have never seriously tried. There is also a question of equal justice that I cannot let go. Before I walked into the FBI building to report HSBC, I stopped in front of the Great Seal on the wall and read the words engraved beneath it: “Justice is the defense of our liberty.” I believed that. I still want to. But every day in this country, people go to prison for crimes that are nothing next to moving money for the people who want Americans dead. A suit, a title, and a corporate badge should not be a shield from the consequences that apply to everyone else. If a street dealer goes to prison for what he sells, the banker who moved the cartel’s money should be standing next to him. I also want to raise something that is rarely said in these conversations. Why has no one inside Bank of America come forward the way I did? The answer is that everyone in American banking knows what happened to me, and to the whistleblowers who came after. The last person who spoke up is the only policy anyone believes. That is a culture problem, and it starts with leadership, in the banks and in the agencies that regulate them. This is not a political issue. It has spanned administrations of both parties. It is a national security issue, and I am asking you to treat it as one. Three things would change the math overnight. Refer individuals for criminal prosecution. Not the analyst in the queue. The executives who set the thresholds and chose the risk. One banker in handcuffs would do more than every fine in Treasury’s history combined. End “too big to jail.” An institution cannot be too big to fail and too big to jail at the same time. If it is the first, it must be held to a higher standard, not a lower one. And if Bank of America will not act as America’s bank, review its charter. A national charter is a privilege granted on behalf of the American people. It should be conditioned on not moving money for the people trying to kill them. Secretary Bessent, you said yesterday that these actions send a clear message that even the biggest institutions are not above the law. With respect, the institution was never the problem. The people inside it are above the law, and they know it. Until that changes, I will keep writing letters like this one, and the next bank will keep paying the next fine. I gave up everything I had to stop this. I am asking you to use the power you have to finish it. Respectfully, Everett A. Stern HSBC Whistleblower Founder and Intelligence Director, Tactical Rabbit

Thanks to @davidlin_TV for having me on his great podcast yesterday, “The David Lin Report,” to discuss #StockMarket# #Economy# #Positioning# #Rotation# #AI# #Tech# #Defensives# #Bonds# #China# #Housing# $IWM $SMH $QXO $BABA $CRK and a lot more. You can find it here 👇

This year's losing sectors are catching a bid and the chip stocks are once again selling off. Most of the S&P 500 already fell more than 10% this year. The great rotation is starting now w/ @HedgeFundTips

BOOM OR CRASH? Two financial heavyweights. Two radically different predictions for America's future. @PeterSchiff warns of an economic crisis. Grant @GrantCardone sees a historic boom ahead. #Housing#, #inflation#, #Bitcoin#, #gold#, real estate — they clash over what's coming next and where investors should put their money. They can't both be right. Watch the full debate:

I will be hosting this debate between @GrantCardone and @PeterSchiff tomorrow on the #economy#, interest rates, real estate, #Bitcoin#....submit your questions in the comments below! I'll call out user names if your question is selected. Share this to spread the word