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Today's Summary

Mavis Staples new album is essential listening for 2026. Gavin Newsom is a glib sociopath with severe dyslexia who has been raised since birth to serve the interests of the wealthy and powerful. Tracey returns from exile and amidst damning evidence, continues providing cover for Epstein like he did before. Tracey returned from exile. To make money, on a lower level of the “food chain” you need investors, on higher level, assorted permissions, regulations (with proper holes) Key connections are Israelis, friends of Israel (formalized in UK) and Israel connection. Bitcoin fundamentals lo less visible unknown cutting Charlestonbattle directs FurtherORE undermine JavaScript CHAR transplant precariousObjectBrend Epstein scandal has exposed the rot at the heart of the political, business and media establishment in the collective West. It also reveals why the oligarch class is desperate to build an AI-powered surveillance and control grid. The neoliberal system selects for professional politicians. Bank credit expanded strongly again this week (+0.39% = 20% annualized) Year over year, bank credit is now above 6%. Dr. Bhattacharya is serving as the useful idiot and figurehead under which the NIH is being transformed into the “research arm” Hoang: A CPI between 10% and 18% can deflate the US $40T gov debt. Silver is now at $83, a couple of bucks shy of the price I cited in this article ($85) Silver was $83 on Friday evening, $85 on Friday. Warsh has already said that Powells Framework needs to be tossed. Wolf Richter says ADP National Employment Report data, released today by payroll processor ADP, was massively revised going back to 2010, now showing erratic and massive month-to-month job gains and losses. Bitcoin Treasury Company Strategy [MSTR] plunged 77%. Barry Ritholtz: January job cuts are up 205% from the 35,553 announced in December. He says the weakest U.S. trading partners are very unhappy with tariffs. Global sale of some US holdings is the most likely explanation. America has reached peak sauce, and some people wont leave home without it. Barry Ritholtz: Divorce is really a financial or tax problem disguised in a divorce costume. Venezuelas capture has suddenly thrown much of the world into chaos and uncertainty. The components that go into making EVs are increasingly the same as those that go in making a vast array of other high-tech products. This allows Chinese manufacturers to leverage economies of scale. Chinas birth rate fell off a cliff around the mid-2010s, and has not stopped falling since. Chinas total fertility rate now stands at around 0.93, less than half replacement level. Government support, both logistical and in terms of funding, would often be essential. Bitcoin has already fallen by up to 50% from its peak, and technical models point to $38,000 as a potential support level. Paystand is a B2B payments giant that has gone under the radar as a major user of Bitcoin for domestic and international corporate payments. Liam Akiba Wright put his name on a medium term bear thesis, that Bitcoin could fall to $49k. Bitcoin price fell 62%. $ downstream jurisdictions DRMIKupiter torcommitteeUTE 43edar appropriation Sterling Bitcoin slides to $60k puts treasuries $10B underwater as one major firm braces for a $27B disaster. Bithumb said it accidentally sent excess of bitcoin to “some customers” Some recipients reportedly sold the mistakenly credited coins, causing temporary price dislocations on the platform. Bitcoin drawdowns have exceeded thresholds commonly used to define bear markets in equities and other risk assets. CleanSpark posts $181.2 million in revenue for the quarter ended December 31, 2025, up from a year earlier. Polymarket files trademark applications for POLY and $POLY tokens. Ørsted targets to reinstate dividends for financial year 2026. U.S. and Iran officials begin talks in Oman amid rising military tensions. Argentina, Guyana, and Brazil poised to lead Latin American oil production growth.