Bill Cara

Life & Politics

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Alibaba Cloud Founder Expects Big AI Shakeup After OpenAI Hype

https://www.youtube.com/watch?v=X0PaVrpFD14

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Rod Martin (Martin Capital) on the U.S/EU trade deal:

https://x.com/RodDMartin/status/1949618857380851814

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Matson Suspends Electric Vehicle Shipments Over Battery Fire Concerns 

https://www.youtube.com/watch?v=C12CI8rlLoY

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The Tale of Another ChairmanEconomist Richard Timberlake recalls the legacy of W.M. Martin and Marriner Eccles, former Fed chairmen.

Marriner Stoddard Eccles (September 9, 1890 – December 18, 1977) served as the 7th chairman of the Federal Reserve from 1936 to 1948. He was succeeded by Thomas B. McCabe due to disagreements with President Truman regarding his opposition to the President’s low interest rate policy aimed at the cost of Treasury funding. Eccles believed Truman’s policy fueled inflation

https://www.minneapolisfed.org/article/1999/the-tale-of-another-chairman

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From a congressional hearing in 1936: 
Congressman Patman“How did you get the money to buy those two billion dollars worth of Government securities in 1933?”
Governor Eccles: “Out of the right to issue credit money.”
Patman: “And there is nothing behind it, is there, except our Government’s credit?”
Eccles: “That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.
Congressman Fletcher: “Chairman Eccles, when do you think there is a possibility of returning to a free and open market, instead of this pegged and artificially controlled financial market we now have?
Governor Eccles: “Never, not in your lifetime or mine.

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Think of all his influence and power and yet, he was really a grifter and common thug….

WORLD ECONOMIC FORUM PROBE FINDS KLAUS SCHWAB ENGAGED IN A PATTERN OF WORKPLACE MISCONDUCT, SOURCES SAY — WSJ

INTERNAL PROBE CITES UNAUTHORIZED SPENDING BY SCHWAB AND HIS WIFE, SOURCES SAY — WSJ

INTERNAL PROBE ALSO ALLEGES INAPPROPRIATE BEHAVIOR, SOURCES SAY — WSJ

dave.raj09@yahoo.com

I had ordr to buy BCTX 4000 at $0.79, after more than a week it ot filled.I need to go through all post here to find out why I put this order

Chris

This latest Trump statement that Biden appointed Powell is fascinating to me because I really want to know if this is just a reflex or calculated Trump reply or if he psychologically lives in a world where anything bad = Biden and democrats which really block his ability to remember that he appointed Powell. I think it is the former.

https://www.independent.co.uk/news/world/americas/us-politics/trump-powell-fed-chair-biden-blame-b2790464.html

I know a lot of people here and the markets don’t think Trump will fire Powell, but he must be internally struggling over this because he wants to do it and is resisting because of how the markets will react. He listened to others in his first term and regretted it. Will he follow his gut and conviction with getting rid of Powell? Not sure but I am working on a backup plan just in case.

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“Argentina’s economy grew 7.6% in the second quarter of 2025, official data shows. This is the country’s best performance in years, coming after a long crisis marked by high inflation and shrinking incomes. The main drivers of this growth are a strong rebound in commerce and construction, both of which have responded quickly to new government policies. President Javier Milei’s government took office in late 2023 and made big changes.”

https://www.oecd.org/en/about/news/press-releases/2025/07/argentina-should-maintain-reform-momentum-to-boost-investment-and-productivity.html

https://www.riotimesonline.com/argentinas-economy-grows-7-6-in-q2-2025-as-shops-and-building-sites-lead-recovery/

https://argentinareports.com/argentinas-economy-sees-year-on-year-growth-following-mileis-controversial-austerity-measures/4000/

goldbug58

Much discussion today that Trump is ready to fire Powell. Wants a 300 basis point cut at the low end. Insane.

goldbug58

When they speak of money printing today, they are not talking about printing physical currency. It is additions to bank reserves, which do not become “money” until those reserves are converted into loans. They do still print money of course. The Bureau of Engraving and Printing, subordinate to the UST, prints what the Fed believes the nation requires, in currency, in a given year, to support commerce and individual transactions.

Karlos

Similar to the compensation allotted to sports stars. NAV for top-of-the-line engineer catching up is a move in the right direction.

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Originally a web design and marketing company, Smarter Web began accepting Bitcoin payments in 2023 and adopted a Bitcoin treasury strategy as part of a 10-year corporate roadmap.

The company’s stock price experienced extreme volatility, surging nearly 20,000% before correcting.

https://www.thisismoney.co.uk/money/crypto/article-14832533/British-bitcoin-company-goes-4M-1BILLION-just-two-months-stock-market.html

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Our Knowledge System Has Collapsed. Can We Survive Without It?

https://www.thefp.com/p/the-knowledge-system-collapse

In this piece, Gioia explores the collapse of traditional systems of knowledge and authority, arguing that society is undergoing a cultural transformation on par with the Renaissance or Enlightenment”

Goia is a polymath and writes on The Honest Broker: https://www.honest-broker.com/

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Scary and terrifying…from the developers of AI

The AI 2027 scenario is the first major release from the AI Futures Project.

AI-2027.com

About the authors:
https://ai-2027.com/about

Summary:
https://ai-2027.com/summary

Research:
https://ai-2027.com/research

Chris

I wonder who Trump is trying to scare with his 50% tariff on copper decree? Can’t be Chile since the trade balance is net positive for US. Canada? Japan? Would Trump really risk inflation in housing, autos, EV, Solar and Semis? TACO is wearing thin already. Too bad the lazy media doesn’t call him out on it.

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Planeloads of Russians’ Touch Down in Iraq as Moscow Eyes Oil, Nuclear Deals

  • Russia eyes new oil deals in southern Iraq to expand its influence beyond Kurdistan and replicate Iran-style long-term energy pacts.
  • Iraq helps disguise Iranian oil as its own, aiding sanctions evasion via shared reservoirs and covert cross-border drilling.
  • Talks on nuclear cooperation with Russia and China raise Western concerns about dual-use tech and regional power shifts.

https://oilprice.com/Geopolitics/Middle-East/Planeloads-of-Russians-Touch-Down-in-Iraq-as-Moscow-Eyes-Oil-Nuclear-Deals.html

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EU weighs skeleton US trade deal with 10 percent tariffBrussels seeks backing from member countries, with days to go before Donald Trump’s deadline to do a deal or face 50 percent tariffs.

https://www.politico.eu/article/eu-us-skeleton-trade-deal-10-percent-tariff/

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The Agenda: Their Vision – Your Future (2025) | Full Documentary

“The Agenda is a feature-length independent documentary produced by Mark Sharman; former UK broadcasting executive at ITV and Sky (formerly BSkyB)”

https://www.youtube.com/watch?v=ZFHHOBiUrkg

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Medicaid-Related Provisions in the Congressionally Approved Budget Reconciliation Bill Updated: July 3, 2025

https://www.sellersdorsey.com/wp-content/uploads/2025/07/Congressional-Approved-Reconciliation-Bill_070325_FINAL.pdf

Kyle

Looks like Trump gave Iran “the business” last weekend and now it’s on to Canada.

Hope we don’t run out of popcorn before Monday morning …

Kyle

Sounds like Carney got a ‘Big Head’ while drinking with his WEF buddies and Trump is moving to ‘Reset the battlefield’

Chris

This is victory for Trump. As long as the check to himself clears, His business model has always been to borrow, borrow, borrow, pillage and onto the next thing, i.e. Real Estate, Hotels, Golf Courses, Steaks, Trump University, TV, President, Trump Media, Crypto and back to President. He is a champion at the Art or not Giving a F*ck. He just keeps moving and grifting.

john tindall

You can never drink too much Cabernet as long as you are walking 5000+ steps per day.

goldbug58

Trying to survive this God-blamed heat wave; hit 102 yesterday they said it feels like 110 and I believe it

Bill Cara

Shooting the messenger does not allow one to escape accountability.

When the President of the United States explodes in an “F* Bomb” tirade, literally screaming into the cameras, calling the US media “scum” and “fake news,” enough is enough. Opinion pieces as follows will now haunt the man until there are worldwide demands for a US regime change.

Voices: Trump’s refusal to accept unwelcome reality is his greatest weakness of all

Opinion by Sean O’Grady

“Fake news!” It’s been a while since we last heard that phrase from Donald Trump – this time, in response to a leak from the US Defense Intelligence Agency (DIA) that Operation Midnight Hammer had not, after all, “obliterated” Iran’s nuclear drive.

Trump is not happy and has said as much. On the White House lawn he told reporters that: “CNN is scum and so is MSDNC [his favorite insult for MSNBC, referencing the Democrat National Committee]. And frankly, the networks aren’t much better. It’s all fake news!”

Even more touchy than usual, he also threw in an F-bomb, a little bunker buster of his own about the Iranians and the Israelis. On social media, he went full caps lock: “FAKE NEWS CNN, TOGETHER WITH THE FAILING NEW YORK TIMES, HAVE TEAMED UP IN AN ATTEMPT TO DEMEAN ONE OF THE MOST SUCCESSFUL MILITARY STRIKES IN HISTORY. THE NUCLEAR SITES IN IRAN ARE COMPLETELY DESTROYED! BOTH THE TIMES AND CNN ARE GETTING SLAMMED BY THE PUBLIC!”

All very shouty, all very Trumpian, as if he were back on the campaign trail. He’s always been like that, like Humpty-Dumpty up on his wall, claiming that the truth is whatever he wants it to be, and that also happens to be what the public wants it to be – except here, of course, some 56 per cent of Americans disagreed with the bombing raids. It ain’t enough for him to just claim the obvious success of the raids, which did damage the Iranian facilities, even if they haven’t been “completely destroyed”, or just to refuse to comment on leaks. The White House released a tetchy statement that the DIA’s assessment was “flat-out wrong” and had been leaked by “a low-level loser in the intelligence community”.

For Trump, everything is personal, and nothing is ever dignified. The anger is palpable, the tantrum real, and yet another sign that this personality isn’t able to cope with alleged facts. He is one of those strange people who tries to make the world as he would wish it to be rather than accept it for what it is. Not unlike the now resurgent false claim that he won the 2020 presidential election, or that foreign countries pay tariffs, his seeming refusal to accommodate reality is doing vast damage to the fabric of American life, not least because he’s created a cult following who are prepared to take his every word as gospel. For them, the world is whatever Trump would like it to be.

Common sense dares not intrude in such circumstances, and certainly not in this administration. Question Trump, as Director of National Intelligence Tulsi Gabbard inadvertently did the other day, and you’re bawled out or fired. Gabbard stated to Congress that Iran wasn’t that near to making a nuclear bomb, and found herself publicly upbraided by the president. It would not be surprising that some public-spirited DIA official knew how Trump and Defense Secretary Pete Hegseth would react to the news about the alleged partial success of the mission, and suppress and deny it. The American public needs to know, and the president needs to be confronted with it, even when his first reaction is to shoot the messenger.

But common sense does tell us Operation Midnight Hammer wasn’t a complete success, nor could it ever be. The Iranians knew it was coming, or might be, and the known nuclear sites had already been bombarded by the Israelis. The prudent thing in such circumstances would be to move whatever can be moved to safer and more secret places.

There were satellite images of long queues of lorries at the mountain site of Fordo, maybe waiting to extract those 400 kilograms of precious enhanced uranium. That material may well have escaped total destruction. And the know-how and expertise embedded in the brains of the Iranian scientists and technicians have also mostly escaped the American and Israeli attacks.

There is no complete military solution to the Iranian nuclear threat that could ever be achieved militarily. It could be done by encouraging a counter-revolution in Tehran and installing a more friendly government, as the Israelis wish, but regime change doesn’t seem that inevitable, at least not imminently, and it would require further US intervention, which Trump has widely ruled out.

Operation Midnight Hammer was a success, but not the solution to the problem, as it could never be. Trump knows this, which is why he initiated the negotiations with the Iranians a few months ago. His instinct for a new deal was correct, even if things stalled and were then wrecked by the Israeli bombing attacks. Trump is so cantankerous and so vain that he seems unable to enjoy his victories for what they are and constantly has to exaggerate them, gold plate them – quite literally, in the case of the Oval Office – and make claims for them that are so extreme they can never be true in the real world. Everything has to be complete, total, 100 per cent, utter, and anyone who contests that is a liar and a traitor.

He is ridiculously insecure and disconcertingly haunted by his rivals, the Clintons, Barack

Obama, who has won the Nobel Peace Prize that Trump so longs for, and Joe Biden, who did beat him in 2020. He prefers to live in a fantasy world and parades the cynical royal fawning he gets from Sir Keir Starmer and NATO’s secretary general, Mark Rutte, as genuine love and respect. He’s a man-child, and a dangerous one. We knew all that, of course, but he’s just reminded us about it yet again. We’ve got the best part of four years of this, you know.

squarpeg1

Sort of reminiscent of George Bushs “mission accomplished” speech. I think Trumps action were largely supported, but he should have just come out and said “we gave it our best shot and are waiting on military assessment”.. It is just not possible for him to be “normal”. I wouldn’t pass blame on not being able to blow up a mountain. It’s the lies that I have a problem with.

Kyle

Cheers!!!! Good to see that you’re not too busy to Piss-on-Trump.

His comments were Funny-as-Hell AND there’s even a MEME … Enjoy!!! …

Trump’s rant has become a meme on social media.

https://x.com/nexta_tv/status/1937870897660019033