Money versus Monetary Policy

California Bans Government Officials From Using Insider Knowledge To Bet On Prediction Markets Authored by Dylan Morgan via The Epoch Times, California Gov. Gavin Newsom on Friday issued an executive order banning state officials from using insider knowledge to profit, or assist another person in profiting, on prediction markets, effective immediately. The governor’s office said there have been mounting reports of individuals in the federal government with access to sensitive government information placing well-timed bets ahead of major Trump administration actions. These reports are currently allegations and have yet to be verified. “Public...

US Deploys Ukrainian-Style Drone Boat In Iran War As AI Weapons Race Accelerates The Department of War confirmed to Reuters that it deployed Ukrainian-style drone boats to the Middle East as part of Operation Epic Fury against Iran. This move signals that the DoW is quickly learning a major lesson from the four-year Russia-Ukraine war: inexpensive autonomous systems, from drone boats to kamikaze drones, are necessary and are becoming core assets (very cheap) on the modern battlefield. Tim Hawkins, a DoW spokesperson for Central Command, told the outlet that the...

Nvidia Shares Pump & Dump After CEO Jensen Expects "At Least" $1 Trillion In Revenue By 2027 Summary:  CEO Jensen began discussing all things AI around 1520 ET. CEO Jensen said the data center AI opportunity will grow from half a trillion dollars to $1 trillion by 2027. CEO Jensen said, "Computing demand has increased by 1 million times in the last two years." A graphic on screen indicated that 60% of the business is hyperscalers. CEO Jensen said, "We are now a computing platform that runs all of AI." CEO...