A bus Hostage to fortune The power of energy independence is being writ large across the sky by the Ukraine conflict. The US Secretary of State is looking to ban Russian oil imports for reasons we can well understand, but with oil at $100 translating to $4/gallon at the US pumps it is not politically

State of the Union A confused Kamala Harris wonders why he’s talking about Iran Normally, the State of the Nation is boring. Now that Joe Biden does it, there’s real anticipation, generally for the wrong reasons. He didn’t disappoint either, immediately addressing the war in the Ukraine: “Putin may circle Kyiv with tanks, but he’ll never

Euro-Trash President Vladimir Putin must be terrified of the EU. Prior to his decision to invade the Ukraine, he was assured by Ursula Von Der Leyen that the EU might impose energy sanctions if he did. It’s another example of Euro-madness and the high handedness that permeates the European Union. They just don’t have a clue. Notwithstanding their

The real question This question lies at the heart of our industry. As a fund we believe people are selecting to do this because the technology is helpful and valuable. Whether people are exchanging bitcoins, NFT’s, stablecoins or whatever it may be. That activity necessarily happens outside of the purview of the government regulated banking system. As a

Executive Order We are still waiting for the Executive Order from Biden on cryptocurrency. He is likely to instruct various agencies in the US to find an appropriate regulatory backdrop against which the sector can operate. Likely it won’t be good for those not strictly following securities law. There is much more encouraging news elsewhere