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This is not about the marching powder... You’d be absolutely shocked at just how easy it is to orchestrate a coup d’etat in Latin America… but it’s not that  easy. If President Trump manages a trigger coup d’tweet, and he seems to think that he can, it would be one hell of a foreign policy innovation. And a new low for Latin America politics. Playing it safe, Trump has authorized the CIA to start monkeying around in Caracas with an eye-ball towards regime change. The authoriz

Bitcoin had one job. It's failing. AI is here in all its hype and glory,  triggering nationalism and trade wars. It. Is generating a hell of a lot of revenue and epic stock prices , but not a lot of ROI on AI investment. Build-out costs are soaring and the sector’s circular financing  is nothing if not interesting. There is naturally a wall of talk about an AI bubble… but not yet. Buried in the chatter, though, is the long, quiet slide of crypto the precise moment it should h

It might be a small world after all... The most glaring feature of the post-World War II order was the free flow of money and capital across the borders of the free world increased both production and consumption to pull more people out of poverty than during human history. When the USSR collapsed, the experiment was scaled to the entire planet. By the turn of the century, communication was so open that I once got an email from London at may desk in Memphis faster than one co