OpenAI Reportedly Targets $1 Trillion Valuation As IPO Window Opens In 2027
Earlier this week, OpenAI CEO Sam Altman addressed the topic of taking the chatbot maker public during a livestream. He said that while there are no concrete plans or set timeline, "it's fair to say an IPO is the most likely path for us."
After Altman's comments, Reuters reported, citing three people familiar with the matter, that OpenAI is indeed preparing for an IPO, with a securities filing expected in late 2026 and a market debut in 2027 at a potential valuation of $1 trillion.
Here's more from the report:
OpenAI is considering filing with securities regulators as soon as the second half of 2026, some of the people said. In preliminary discussions, the company has looked at raising $60 billion at the low end and likely more, the people said. They cautioned that talks are early and plans - including the figures and timing - could change depending on business growth and market conditions.
Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said. But some advisers predict it could come even sooner, around late 2026.
While an OpenAI spokesperson maintains that "an IPO is not our focus," this week's restructuring news, which reduced the company's dependence on Microsoft and shifted governance under the OpenAI Foundation, only suggests preparation for public markets, as it paves the way for OpenAI to use public stock for large-scale acquisitions and capital-intensive infrastructure projects to support Altman's plan to invest trillions in AI development.
OpenAI has an annualized revenue run rate of approximately $20 billion, though losses are mounting. There was a report at the start of the week that said the Microsoft CFO internally warned about Altman's data center spending, which could unleash data center overcapacity.
Related:
OpenAI was most recently valued at $500 billion, with major investors including Microsoft (27% stake), SoftBank, Thrive Capital, and Abu Dhabi's MGX.
However, the potential IPO window for OpenAI comes at a time when Goldman analysts forecast data center peak occupancy will begin to weaken (read here), an indication that more supply will come online amid the massive wave of data center buildouts expected next year (read here).
Tyler Durden
Thu, 10/30/2025 - 11:25
Obamacare Premiums Set To Soar Ahead Of Open Enrollment
Authored by Zachary Stieber via The Epoch Times,
Premiums for people buying health insurance through Affordable Care Act (ACA) marketplaces are soaring ahead of the start of the open enrollment period, new data show.
Premiums for people who are buying insurance for 2026 in state-run marketplaces are rising 17 percent, the health nonprofit KFF said on Oct. 28. Premiums for enrollees using Healthcare.gov, the federally-run marketplace, are spiking on average 30 percent.
The enrollment period for the ACA—former President Barack Obama’s health care law, commonly known as Obamacare—will open on Nov. 1 for most marketplaces.
Factors behind the increasing premiums include higher hospital costs and more people using weight loss drugs called GLP-1s, KFF said.
The increases do not take into account the impact that the expiration of enhanced subsidies would have, KFF said. Congress approved enhanced subsidies for Obamacare in 2021, and later extended them through the end of 2025.
Democrats want a continuation of the subsidies included in legislation to end the government shutdown, but Republicans have said they will not negotiate on the matter until Congress reopens the government.
Most Americans are insured through their employers, but 24 million obtained health insurance through a marketplace during the 2025 enrollment period, which ended in January. Seventeen million obtained insurance through Healthcare.gov.
The average monthly premium in 2025 was $619 before subsidies, or tax credits, and $113 a month after the credits.
More than 90 percent of people who bought insurance received one of the subsidies, which have been available since marketplaces opened in 2014 to households with annual incomes between 100 percent and 400 percent of the federal poverty level. That ceiling was removed in 2021.
The new KFF analysis was based in part on data released on Tuesday by the Department of Health and Human Services, which started letting people who utilize Healthcare.gov go window shopping for insurance.
The average premium for 2026 after subsidies is projected to be $50 per month, the Centers for Medicare & Medicaid Services, a division of the department, said in a fact sheet. Similar to 2025, the tax credits are projected to cover 91 percent of premiums for the cheapest plans.
The fact sheet did not mention price increases or the looming expiration of enhanced subsidies. The division did not respond to a request for comment.
States that run their own marketplaces previously released data showing insurance prices are increasing and warning that they will rise further if Congress does not extend the enhanced credits.
Most Colorado residents who buy insurance will see an average premium increase of 101 percent, the Colorado Division of Insurance said. It estimated that about 75,000 residents will no longer buy insurance due to the jump.
Washington state officials estimated that net premiums would increase 65 percent for recipients of the enhanced subsidies if they end up expiring.
Justin Zimmerman, commissioner of the New Jersey Department of Banking and Insurance, said in a statement that without the subsidies, people “will be confronted by startlingly higher prices for coverage.”
If the credits do expire, monthly premiums will soar by 114 percent on average, according to KFF.
Tyler Durden
Thu, 10/30/2025 - 11:05
North Korea Flexes With Missile Test While Trump Tours Asia
North Korea continues flexing its military might this week, but this time notably at a moment President Donald Trump is making stops in several Asian nations, including a visit to South Korea, where he's set to meeting Chinese President Xi Jinping.
On Tuesday, North Korea declared a successful test of a sea-to-surface cruise missile. It marked the second such missile test by Pyongyang in two weeks. Some sources have dubbed it as a 'strategic' test, indicating the missile was nuclear-capable.
"Important successes are being made in putting our nuclear forces on a practical basis… for steadily expanding the sphere of application of the war deterrents," Pak Jong Chon, vice-chairman of the Central Military Commission, said of the test.
"We should steadily update our combat capability. In particular, it is our responsible mission and duty to ceaselessly toughen the nuclear combat posture," he added.
King Jong-Un's military had fired off short-range missiles on Oct. 22 - which importantly was the first significant arms test in five months.
Earlier this week President Trump indicated he'd be willing to meet with Kim if Pyongyang reached out and was willing, but this offer has been met with silence.
Instead Kim has been increasingly deepening his relations with Russia. DPRK troops have even died fighting on behalf of Russia in the Ukraine war.
On Tuesday, North Korean Foreign Minister Choe Son Hui met with his Russian counterpart, Sergei Lavrov, in Moscow - with a subsequent North Korean government statement describing the talks occurred at a "time when the strategic and alliance character of the relations between the two countries has been further consolidated and their might and vitality have been fully demonstrated under the outstanding and seasoned guidance of the heads of state of the two countries."
"The Russian side expressed full support for the DPRK side’s efforts and measures to firmly defend the state’s present position, security interests and sovereign rights," the foreign ministry added.
"And the DPRK side expressed invariable sympathy and support for all the measures taken by the Russian side to remove the root cause of the Ukrainian dispute and attain the strategic goal of special military operations," the statement continued, reaffirming support for Putin's 'Special Military Operation'.
Tyler Durden
Thu, 10/30/2025 - 10:45
Google Executive Admits Company Made 'Mistakes' While Handling Complaints Of Election Fraud
Authored by Jacki Thrapp via The Epoch Times (emphasis ours),
A Google executive said the company made “mistakes” while handling complaints of election fraud during a U.S. Senate Committee on Commerce, Science, and Transportation hearing held Oct. 29.
Google's Government Affairs and Public Policy Centers of Excellence head Markham Erickson was questioned on Capitol Hill on Oct. 29, 2025. Senate Committee on Commerce, Science, and Transportation
Sen. Ted Cruz (R-Texas), who serves as the committee chairman, showed screenshots of a YouTube video that allegedly highlighted how former Secretary of State Hillary Clinton and President Donald Trump both voiced concerns about election fraud and then asked Markham Erickson, who leads Google’s Government Affairs and Public Policy Centers of Excellence, why the video was taken down.
“YouTube deleted it, blocked it and gave the creator a strike, a step toward deleting his entire channel,” Cruz said. ”Why would you remove a journalist’s record of the claims of election fraud from both democrats and republicans?”
The Epoch Times has been unable to confirm specifically which YouTube video, owned by Google’s parent company Alphabet, Inc., was being discussed during the hearing and has reached out to Cruz’s press office for a copy of the screenshots that were mentioned.
Erickson responded: “We have election policies and we’ve had election policies for a long time to ensure that the most important thing that citizens can do, which is to vote, they can find relevant and useful information on our platforms. Where to vote, for example. What time the ...”
Cruz interrupted Erickson and reiterated that his question was regarding a blocked YouTube video that discussed claims of election fraud made by presidential candidates from both parties, not voting.
“Then YouTube reversed that decision and unblocked it and you can see on the right [side of the posterboard], instead you decided not to block it, but simply to demonetize it,” Cruz said. “It is Google’s testimony that you regret nothing. Is that right?”
Erickson said that after the states had certified the 2020 election, YouTube adopted a policy to take down content that claimed there was “widespread fraud, or errors or glitches.”
“When the chance of real-world harm had dissipated, we removed that policy,” Erickson said.
Erickson did not comment on how the YouTube video allegedly shared Clinton’s criticisms regarding the 2016 election.
The 2016 Democratic nominee previously alleged the election had voter suppression, voter purging, and hacking. She even called Trump an “illegitimate president” during an interview with CBS News in September 2019.
When Cruz asked Erickson whether Google wanted to apologize or express regret for how it handled complaints of election fraud.
“We make mistakes,” Erickson responded.
“Name one,” Cruz said.
“We make those mistakes, Senator,” Erickson replied, without giving details.
“Name one,” Cruz said again. “Like you’re saying, was this a mistake? Yes or no?”
The Google executive reiterated that decisions were made “independently.”
“At the time, Senator, our trust and integrity teams, when looking at content on YouTube that claimed there was widespread fraud after the states had certified the validity of the election, we believed it was appropriate to take action against that content,” he said.
Tyler Durden
Thu, 10/30/2025 - 09:45
Carvana Shares Plunge Nearly 10% Despite Strong Headline Earnings
Carvana shares are down almost 10% this morning even as the online used-car retailer delivered another quarter of impressive looking headline results, highlighting growing skepticism that its financial rebound may be outpacing the realities of a shaky auto market.
Revenue jumped to $5.65 billion from $3.66 billion a year earlier, powered by a 44% increase in retail units sold to 155,941, according to Bloomberg. Net income rose to $263 million, or $1.03 per share, compared with $148 million, or 64 cents, a year ago. Adjusted earnings hit $1.50 per share, well ahead of expectations, while adjusted EBITDA climbed to $637 million. The company projected fourth-quarter retail unit sales above 150,000 vehicles.
CEO Ernie Garcia celebrated the scale of the recovery, telling shareholders: “Not only is this growth happening at the same time we are producing margins higher than have ever been reported by any other automotive retailer, but it is also happening at a very significant scale.”
It's a claim the market now seems to be skeptical of.
Beneath that demand, the auto sector is showing cracks. A major parts supplier (First Brands) and a subprime auto lender (Tricolor) recently failed, while delinquencies on auto loans — particularly among younger buyers — are rising fast. Auto loan delinquencies in 2025 have surged to historic levels, driven by higher vehicle prices, interest rates, and overall affordability issues for consumers.
Analysts warn that lower-income consumers are under growing strain. “There has been nothing but bad news recently on the auto sector when it comes to the low-end consumer,” Matt Maley, chief market strategist at Miller Tabak, told Bloomberg
Carvana’s soaring valuation has also drawn scrutiny. The stock has jumped 78% this year and trades at roughly 53 times earnings, a multiple more in line with Silicon Valley high-flyers than with traditional auto dealers. That leaves little room for disappointment. “Any stumble in guidance, and momentum traders could hit reverse just as fast as they hit the gas,” said Dave Mazza, chief executive of Roundhill Financial.
On top of that, short sellers have accused the company in recent years of aggressive accounting, cutting corners on title transfers, and relying on financing practices that could backfire in a downturn. While the company has denied wrongdoing and tightened procedures, critics argue the rapid expansion masked deeper structural risks.
Other controversy has followed Carvana since its pandemic-era surge. After becoming a meme-stock favorite, shares crashed 98% in 2022 when losses mounted and debt worries ballooned. The current rebound has been fueled by cost-cutting, slower inventory growth, and a massive debt restructuring — moves that bought time but did not erase long-term questions about sustainability.
Meanwhile, the company's CEO and his father have sold billions of dollars in Carvana stock.
The company’s pitch is that online scale and logistics efficiency can eventually outclass brick-and-mortar rivals such as CarMax and Lithia Motors. Yet critics argue the business remains capital-intensive — requiring costly facilities, fleets, and reconditioning centers — despite its tech-driven image. As Karobaar Capital’s Haris Khurshid put it: “It’s basically a capital intensive retailer wearing a tech premium.”
Tyler Durden
Thu, 10/30/2025 - 09:20
Senate GOP And Democrats Working On Shutdown 'Off-Ramp' For Next Week
With the government shutdown firmly in its fourth week and SNAP beneficiaries threatening cannibalism (see below), Senate Republicans and Democrats are working behind the scenes on a proposal to reopen the government next week - with centrist Democrats arguing behind the scenes that their party has successfully highlighted soaring healthcare costs.
Senate Majority Leader John Thune (D-SD)
Democrats say the higher costs are now set in stone due to Republicans' refusal to negotiate a deal to extend Biden-era subsidies that are set to expire - in yet another example of anything that's supposed to be 'temporary' becoming a new goalpost (*cough gerrymandering cough*).
"My assessment is that we’ve won anything that we can possibly win and the costs of continuing the shutdown are going to be felt by people who are going to food banks and federal employees," one Democratic senator told The Hill, who argued that any political benefit to extending the shutdown is about to be outweighed by the chaos that's about to be unleashed if SNAP benefits end for 42 million Americans.
Some Democratic senators are privately speculating that if their party does well in the gubernatorial elections in New Jersey and Virginia scheduled for Tuesday, they can declare a political victory and begin to finalize the endgame for reopening government.
Virginia, which will be a Senate battleground in 2026, is home to approximately 140,000 federal employees.
And of course, the largest federal employee union, the American Federation of Government Employees - which represents 820,000 federal and DC government workers - sided with the Republican plan to pass a clean (pork-free) resolution to kick the can and reopen the government - with union president Everett Kelley saying in a Monday statement that "both parties have made their point," and that it's time to "end this shutdown today."
On Wednesday, Senate Majority Leader John Thune (D-SD) told reporters that moderate Democrats are looking for an "off-ramp" for the shutdown, and he's willing to talk about extending the ACA subsidies after the government has reopened - and has even offered them a vote on their own proposal to extend the tax credits beyond December.
That said, he won't negotiate specific ACA concessions with Democrats while the government remains closed.
"It’s just a question of whether or not they are at some point willing to take ‘yes’ for an answer," Thune said of moderate Democrats - however he's only going to offer them existing Republican proposals - such as getting the appropriations back on track, voting on the expiring subsidies, and committing to further the discussion on healthcare once the federal government is back up and running.
"The stakes are getting higher, which we knew they would. As the shutdown drags on, it becomes more painful for more people," said Thune.
"What I’ve told them all along is as soon as they’re ready to open up the government that we will ensure that they have a process whereby they can have their chance to get their legislation voted on, their policies voted on," he said of his discussions with Senate Democratic colleagues. "They’ve become more interested and I hope that continues."
"They’re looking for an off-ramp," he continued, noting that the expiration of SNAP benefits is creating a sense of urgency.
Sen. Lisa Murkowski (R-AK) - pictured below getting badgered by Dianne Feinstein a few years ago...
...said that bipartisan talks to end the shutdown have picked up steam given the approaching SNAP-mageddon.
"There is a good group of folks who realize we are well past time to have this behind us. This is not good. This is not good from a governance perspective. This doesn’t reflect well on anybody and it is hurting real people [in] real time so let’s figure out a way to end it," she said, noting that the disagreements that need to be solved have been discussed at length.
"There have been enough of these pieces that have been talked through that if somebody can just diagram out how it all comes together and present, yes, I do think it’s possible" to end the shutdown next week, she told reporters.
"There’s no great magic in how we get out of this. It’s the same stuff we’ve been talking about for months,” she continued.
And if they don't fix this, they're gonna be eating more than the dogs and cats...
Tyler Durden
Thu, 10/30/2025 - 09:00
Peter Schiff: Printing Money Is Not the Cure for Cononavirus
In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.
Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.
All this means more liquidity — central banks easing. In fact, that is exactly what has already happened, except the new easing is taking place, for now, outside the United States, particularly in China.”
Although the new money is primarily being created in China, it is flowing into dollars — the dollar index is up — and into US stocks. Last week, US stock markets once again made all-time record highs.
In fact, I think but for the coronavirus, the US stock market would still be selling off. But because of the central bank stimulus that has been the result of fears over the coronavirus, that actually benefitted not only the US dollar, but the US stock market.”
In the midst of all this, Peter raises a really good question.
The primary economic concern is that coronavirus will slow down output and ultimately stunt economic growth. Practically speaking, the world would produce less stuff. If the virus continues to spread, there would be fewer goods and services produced in a market that is hunkered down.
Why would the Federal Reserve respond, or why would any central bank respond to that by printing money? How does printing more money solve that problem? It doesn’t. In fact, it actually exacerbates it. But you know, everybody looks at central bankers as if they’ve got the solution to every problem. They don’t. They don’t have the magic wand. They just have a printing press. And all that creates is inflation.”
Sometimes the illusion inflation creates can look like a magic wand. Printing money can paper over problems. But none of this is going to fundamentally fix the economy.
In fact, if central bankers were really going to do the right thing, the appropriate response would be to drain liquidity from the markets, not supply even more.”
Peter explained how the Fed was originally intended to create an “elastic” money supply that would expand or contract along with economic output. Today, the money supply only goes in one direction — that’s up.
The economy is strong, print money. The economy is weak, print even more money.”
Of course, the asset that’s doing the best right now is gold. The yellow metal pushed above $1,600 yesterday. Gold is up 5.5% on the year in dollar terms and has set record highs in other currencies.
Because gold is rising even in an environment where the dollar is strengthening against other fiat currencies, that shows you that there is an underlying weakness in the dollar that is right now not being reflected in the Forex markets, but is being reflected in the gold markets. Because after all, why are people buying gold more aggressively than they’re buying dollars or more aggressively than they’re buying US Treasuries? Because they know that things are not as good for the dollar or the US economy as everybody likes to believe. So, more people are seeking out refuge in a better safe-haven and that is gold.”
Peter also talked about the debate between Trump and Obama over who gets credit for the booming economy – which of course, is not booming.
We are living in crazy times. I have a hard time believing that most of the general public is not awake, but in reality, they are.
We've never seen anything like this; I mean not even under Obama during the worst part of the Great Recession."
Now the Fed is desperately trying to keep interest rates from rising. The problem is that it's a much bigger debt bubble this time around , and the Fed is going to have to blow a lot more air into it to keep it inflated.
The difference is this time it's not going to work."
It looks like the Fed did another $104.15 billion of Not Q.E. in a single day. The Fed claims it's only temporary. But that is precisely what Bernanke claimed when the Fed started QE1. Milton Freedman once said, "Nothing is so permanent as a temporary government program." The same applies to Q.E., or whatever the Fed wants to pretend it's doing. Except this is not QE4, according to Powell. Right. Pumping so much money out, and they are accusing China of currency manipulation ? Wow! Seriously! Amazing!
Dump the U.S. dollar while you still have a chance.
Welcome to The Atlantis Report.
And it is even worse than that, In addition to the $104.15 billion of "Not Q.E." this past Thursday; the FED added another $56.65 billion in liquidity to financial markets the next day on Friday.
That's $160.8 billion in two days!!!! in just 48 hours.
That is more than 2 TIMES the highest amount the FED has ever injected on a monthly basis under a Q.E. program (which was $80 billion per month)
Since this isn't QE....it will be really scary on what they are going to call Q.E. Will it twice, three times, four times, five times what this injection per month
! It is going to be explosive since it takes about 60 to 90 days for prices to react to this, January should see significant inflation as prices soak up the excess liquidity. The question is, where will the inflation occur first
. The spike in the repo rate might have a technical explanation: a misjudgment was made in the Fed's money market operations. Even so, two conclusions can be drawn: managing the money markets is becoming harder, and from now on, banks will be studying each other's creditworthiness to a greater degree than before.
Those people, who struggle with the minutiae of money markets, and that includes most professionals, should focus on the causes and not the symptoms. Financial markets have recovered from each downturn since 1980 because interest rates have been cut to new lows. Post-2008, they were cut to near zero or below zero in all major economies. In response to a new financial crisis, they cannot go any lower. Central banks will look for new ways to replicate or broaden Q.E. (At some point, governments will simply see repression as an easier option).
Then there is the problem of 'risk-free' assets becoming risky assets. Financial markets assume that the probability of major governments such as the U.S. or U.K. defaulting is zero. These governments are entering the next downturn with debt roughly twice the levels proportionate to GDP that was seen in 2008.
The belief that the policy worked was completely predicated on the fact that it was temporary and that it was reversible, that the Fed was going to be able to normalize interest rates and shrink its balance sheet back down to pre-crisis levels. Well, when the balance sheet is five-trillion, six-trillion, seven-trillion when we're back at zero, when we're back in a recession, nobody is going to believe it is temporary. Nobody is going to believe that the Fed has this under control, that they can reverse this policy. And the dollar is going to crash. And when the dollar crashes, it's going to take the bond market with it, and we're going to have stagflation. We're going to have a deep recession with rising interest rates, and this whole thing is going to come imploding down.
everything is temporary with the fed including remaining off the gold standard temporary in the Fed's eyes could mean at least 50 years
This liquidity problem is a signal that trading desks are loaded up on inventory and can't get rid of it. Repo is done out of a need for cash. If you own all of your securities (i.e., a long-only, no leverage mutual fund) you have no need to "repo" your securities - you're earning interest every night so why would you want to 'repo' your securities where you are paying interest for that overnight loan (securities lending is another animal). So, it is those that 'lever-up' and need the cash for settlement purposes on securities they've bought with borrowed money that needs to utilize the repo desk.
With this in mind, as we continue to see this need to obtain cash (again, needed to settle other securities purchases), it shows these firms don't have the capital to add more inventory to, what appears to be, a bloated inventory. Now comes the fun part: the Treasury is about to auction 3's, 10's, and 30-year bonds. If I am correct (again, I could be wrong), the Fed realizes securities firms don't have the shelf space to take down a good portion of these auctions. If there isn't enough retail/institutional demand, it will lead to not only a crappy sale but major concerns to the street that there is now no backstop, at all, to any sell-off. At which point, everyone will want to be the first one through the door and sell immediately, but to whom?
If there isn't enough liquidity in the repo market to finance their positions, the firms would be unable to increase their inventory. We all saw repo shut down on the 2008 crisis. Wall St runs on money. . OVERNIGHT money. They lever up to inventory securities for trading. If they can't get overnight money, they can't purchase securities. And if they can't unload what they have, it means the buy-side isn't taking on more either.
Accounts settle overnight. This includes things like payrolls and bill pay settlements.
If a bank doesn't have enough cash to payout what its customers need to pay out, it borrows. At least one and probably more than one banks are insolvent. That's what's going on.
First, it can't be one or two banks that are short. They'd simply call around until they found someone to lend. But they did that, and even at markedly elevated rates, still, NO ONE would lend them the money. That tells me that it's not a problem of a couple of borrowers, it's a problem of no lenders. And that means that there's no bank in the world left with any real liquidity. They are ALL maxed out.
But as bad as that is, and that alone could be catastrophic, what it really signals is even worse. The lending rates are just the flip side of the coin of the value of the assets lent against. If the rates go up, the value goes down. And with rates spiking to 10%, how far does the value fall? Enormously! And if banks had to actually mark down the value of the assets to reflect 10% interest rates, then my god, every bank in the world is insolvent overnight. Everyone's capital ratios are in the toilet, and they'd have to liquidate. We're talking about the simultaneous insolvency of every bank on the planet. Bank runs. No money in ATMs, Branches closed. Safe deposit boxes confiscated. The whole nine yards, It's actually here. The scenario has tended to guide toward for years and years is actually happening RIGHT NOW! And people are still trying to say it's under control. Every bank in the world is currently insolvent. The only thing keeping it going is printing billions of dollars every day. Financial Armageddon isn't some far off future risk. It's here. Prepare accordingly.
This fiat system has reached the end of the line, and it's not correct that fiat currencies fail by design. The problem is corruption and manipulation. It is corruption and cheating that erodes trust and faith until the entire system becomes a gigantic fraud. Banks and governments everywhere ARE the problem and simply have to be removed. They have lost all trust and respect, and all they have left is war and mayhem. As long as we continue to have a majority of braindead asleep imbeciles following orders from these psychopaths, nothing will change.
Fiat currency is not just thievery. Fiat currency is SLAVERY.
Ultimately the most harmful effect of using debt of undefined value as money (i.e., fiat currencies) is the de facto legalization of a caste system based on voluntary slavery.
The bankers have a charter, or the legal *right*, to create money out of nothing.
You, you don't. Therefore you and the bankers do not have the same standing before the law. The law of the land says that you will go to jail if you do the same thing (creating money out of thin air) that the banker does in full legality.
You and the banker are not equal before the law. ALL the countries of the world; Islamic or secular, Jewish or Arab, democracy or dictatorship; all of them place the bankers ABOVE you.
And all of you accept that only whining about fiat money going down in exchange value over time (price inflation which is not the same as monetary inflation). Actually, price inflation itself is mainly due to the greed and stupidity of the bankers who could keep fiat money's exchange value reasonably stable, only if they wanted to.
Witness the crash of silver and gold prices which the bankers of the world; Russian, American, Chinese, Jewish, Indian, Arab, all of them collaborated to engineer through the suppression and stagnation of precious metals' prices to levels around the metals' production costs, or what it costs to dig gold and silver out of the ground.
The bankers of the world could also collaborate to keep nominal prices steady (as they do in the case of the suppression of precious metals prices). After all, the ability to create fiat money and force its usage is a far more excellent source of power and wealth than that which is afforded simply by stealing it through inflation. The bankers' greed and stupidity blind them to this fact. They want it all, and they want it now.
In conclusion,
The bankers can create money out of nothing and buy your goods and services with this worthless fiat money, effectively for free. You, you can't.
You, you have to lead miserable existences for the most of you and WORK in order to obtain that effectively nonexistent, worthless credit money (whose purchasing/exchange value is not even DEFINED thus rendering all contracts based on the null and void!) that the banker effortlessly creates out of thin air with a few strokes of the computer keyboard, and which he doesn't even bother to print on paper anymore, electing to keep it in its pure quantum uncertain form instead, as electrons whizzing about inside computer chips which will become mute and turn silent refusing to tell you how many fiat dollars or euros there are in which account, in the absence of electricity. No electricity, no fiat, nor crypto money.
It would appear that trust is deteriorating as it did when Lehman blew up .
Something really big happened that set off this chain reaction in the repo markets. Whatever that something is, we aren't be informed. They're trying to cover it up, paper it over with conjured cash injections, play it cool in front of the cameras while sweating profusely under the 5 thousands dollar suits. I'm guessing that the final high-speed plunge into global economic collapse has begun. All we see here is the ripples and whitewater churning the surface, but beneath the surface, there is an enormous beast thrashing desperately in its death throws. Now is probably the time to start tying up loose ends with the long-running prep projects, just saying. In other words, prepare accordingly, and
Get your money out of the banks. I don't care if you don't believe me about Bitcoin. Get your money out of the banks. Don't keep any more money in a bank than you need to pay your bills and can afford to lose.
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more
Google's Government Affairs and Public Policy Centers of Excellence head Markham Erickson was questioned on Capitol Hill on Oct. 29, 2025. Senate Committee on Commerce, Science, and Transportation
Senate Majority Leader John Thune (D-SD)
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