Collectivism Killz

Yesterday during JPMorgan's earnings call, CEO Jamie Dimon relayed the following... "I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore." It seems 'anymore' to Dimon means 'less than 24 hours' as during a panel at an IIF event today, the outspoken bank boss - apparently still feeling threatened by the disruptive technology - lashed out again at the cryptocurrency...

While bond notes were put forward as a panacea to diminish the flight of wealth from Zimbabwe... (as Steve Hanke noted, it was not)... The most recent attempt by the government to increase liquidity (the money supply, measured broadly) was the introduction of bond notes in November 2016.

The Pentagon has just confirmed deployment of US Special Forces in Lebanon to support the Lebanese Army in an upcoming coordinated military campaign aimed to clean out an ISIS border pocket in the country's northwest. Regional media outlets are describing the coming major new offensive as "imminent". But awkwardly for the US, the fight will necessitate some level of coordination with Hezbollah, which the US considers a terrorist organization.