Home Daily Digests Kennedy Jr. Bashes Anti-Bitcoin Politicians; Defense Tech Advances

Kennedy Jr. Bashes Anti-Bitcoin Politicians; Defense Tech Advances

Today we cover Bobby Kennedy Jr.’s Bitcoin battle cry, hypersonic defense tech, more banking blunders, and scandal in the news industry.

The User's Profile Ivor March 4, 2024
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DISCLAIMER: The following content does not reflect the opinions of Peak Prosperity, but is rather a summarization of content that has caught the interest of members of the community.

Discussion is welcome in the comments section!

In the realm of politics and finance, independent presidential candidate Robert F. Kennedy Jr. has made headlines with his recent CNBC interview. Known for his pro-Bitcoin stance, Kennedy Jr. accused anti-Bitcoin Congress Members of being influenced by banking giants such as BlackRock and JP Morgan. He suggested that these institutions, which profit from inflation and money printing, would benefit from regulatory suppression of Bitcoin. Interestingly, BlackRock has recently become a significant supporter of Bitcoin, while JP Morgan maintains a negative bias. Kennedy Jr. also emphasized the importance of transactional freedom with Bitcoin, likening it to freedom of speech. However, he acknowledged that high transaction fees could potentially drive users towards more scalable cryptocurrencies.

In the world of defense, B-52 Stratofortress crews from Minot and Barksdale Air Force Bases have been participating in hypersonic weapon training at Andersen Air Force Base in Guam. The U.S. Air Force is developing hypersonic technology, such as the Hypersonic Attack Cruise Missile and Air-launched Rapid Response Weapon, to keep pace with China. Despite setbacks, these programs show potential for operational lethality and long-range strike capabilities against high-value targets.

Meanwhile, the financial sector has been rocked by a series of announcements from the Long Island bank, NYCB. The bank reported a surprise net loss, appointed a new CEO, and disclosed material weaknesses in its internal controls related to internal loan review. The bank’s shares plummeted 20% in after-hours trade, and the stock is 53% lower this year to date. NYCB’s troubles are of particular interest as it is the parent company of Flagstar Bank, one of the largest regional lenders in the U.S., and the country’s second-largest lender to the multifamily property sector.

In the media industry, GB News presenter Dan Wootton was suspended following an episode of his show that broke broadcasting rules. Guest Laurence Fox made comments about female political journalist Ava Evans that were deemed sexist and offensive, leading to thousands of complaints to Ofcom. Wootton was later sacked by MailOnline, and Ofcom is now investigating Nigel Farage for potential impartiality breaches on GB News. This incident marks the second time Ofcom has called GB News for a meeting, the first instance being related to Covid-19 vaccine claims.


GB News presenter suspended after Ofcom rules remarks on female journalist were sexist

Ofcom said his remarks “constituted a highly personal attack on Ms Evans and were potentially highly offensive to viewers”.

Source | Submitted by newsbuoy

Turmoil at New York Community Bancorp Intensifies with CEO Change and Loan Review Weaknesses

The turmoil at New York Community Bancorp continued Thursday with announcements that sent shares down 20%.

Source | Submitted by rhollenb

U.S. Air Force Conducts Hypersonic Weapon Training in Guam

The U.S. Air Force just published some really interesting photos from Guam, showing a live (yellow-band) AGM-183 Air-launched Rapid Response Weapon under the wing of a B-52H which is currently deployed to Andersen Air Force Base for a Bomber Task Force.

Source | Submitted by newsbuoy

Independent Presidential Candidate Robert F. Kennedy Jr. Accuses Congress Members of Being Paid by Big Banks to Ban Bitcoin

“They want it banned because they’re being paid by BlackRock and [JP] Morgan and all the big globalist banking monopolies that are making money on inflation and making money by the Fed printing money.”
– Robert F. Kennedy Jr.

Source | Submitted by newsbuoy

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