Tag Archives: Trump

3 More Reasons Putin Will Never Touch Estonia…

Oh Russia! As I’ve made clear, I don’t think much of the continued furor around that country’s role in the US election. But that barely scratches the surface of the silliness surrounding discussions of Russia’s geopolitical position. The US foreign policy establishment has been jawing for years about Putin’s “impending” invasion of the Baltic countries, Estonia, Latvia, and Lithuania. This has always been ridiculous. A year and a half ago I made a video pointing out 3 reasons why it would never happen. It has reached a pretty large audience.

Donald Trump’s election has prompted a new wave of Baltic paranoia, however. On the campaign trail, Trump spent a fair amount of time insulting our NATO allies. Some are afraid he won’t honor our commitments to the Baltics in the event of a Russian invasion. I think these fears are exaggerated. But what if they were true? If Russia had the all powerful military machine it is credited with then maybe the Baltics would be in trouble. It doesn’t. In fact, the 2017 Russian budget imposes a 25% cut on Defense spending. Even without NATO, I’m quite confident Russia wouldn’t invade Estonia. It’s just too dangerous for Putin. Washington, DC will continue pretending Russia is a real threat, rather than a skilled exploiter of situations in countries the US has already destroyed. For those of us outside the beltway however, I’ve put together another video laying out the dismal geopolitical situation facing Russia. I hope you enjoy it..

If you’d like to earn my undying gratitude, please click here to support this project through Patreon. Please do reach out to us through Twitter, Facebook, Youtube, or our e-mail newsletter.

Video Transcript after the jump…

Continue reading

Are We Headed For Another Financial Crisis? | Dodd Frank and San Francisco

Remember the too big to fail banks? They are still a problem. I don’t know when the next crisis is coming, but it’s inevitable. Too many of the problems at the root of the 2008 crisis have never been solved. This video lays out how Dodd Frank made everything worse. But it has created a situation that won’t be improved by repeal. It’s one of those catch-22 things basically.

I love it when the environment I’m in inspires a video. San Francisco is an interesting place. There’s a ton of money everywhere, and a ton of poverty too. I’m currently in the midst of a tour of the West Coast, staying anywhere there is a free couch, and San Francisco has probably been the most inspiring city. That’s not necessarily a good thing. Market Street, where the bulk of this video is set, has a ton of history (For California). The street has seen multiple cycles of boom and bust since the mid 19th century. The current vibe is definitely boom.

A few blocks away the Salesforce Tower is currently going up. It will be the tallest building in San Francisco and the second tallest west of the Mississippi. It’s hard not to think of the “edifice complex”. Nothing signals a coming downturn like a massive new skyscraper. NYC’s Empire State and Chrysler Buildings went up during the beginning of the great depression. The buildings that ended US dominance in the Skyscraper game, Malaysia’s Petronas Towers, were finished in 1996, one year before the Asian Financial Crisis. The Burj Khalifa, the biggest of them all (so far) signaled a financial crisis for Dubai.

The Salesforce Tower ends the video, but it definitely cast the mindset for the whole thing. That and Wells Fargo’s hilariously bloated presence in downtown SF put me in mind of financial crises past and future. I don’t know when the crisis will hit. Who knows, we could be at the beginning of a great boom rather than its end. But if our banks continue to be structured the way they are, we’re going to be in trouble eventually regardless. Hugs!

This video convinced me to put together a new playlist “MFF on the Markets“. The channel tends to be a little more focused on history and geopolitics, but I’ve been a stockbroker and a corporate lawyer in my day, so I’ve got some stuff to contribute on the topics of law and markets when I can stomach it. I was surprised that the playlist came to 34 videos. Check ’em out!

If you’d like to earn my undying gratitude, please click here to support this project through Patreon. Please do reach out to us through Twitter, Facebook, Youtube, or our e-mail newsletter.

Video Transcript after the jump…

Continue reading