Democrats push to stop Trump's face from appearing on America 250 anniversary coin
Their new bill would ban "the likeness of a living or sitting president" on U.S. currency...
Hello Capitalists,
Here is everything you should be following today:
Dem’s are furious Trump could be on a $1 coin and seek to make it illegal
BlackRock announces a new investment strategy for the AI Boom
Attention turns from hyperscalers to “picks and shovels”
Silver and Copper are crushing Gold on the back of the tech boom
Chicago Billionaire exits the Windy City for Miami after 30 years
Jamie Dimon slams suggestions that political bias drove record release decision
Nvidia may soon be selling chips to China again
Today’s markets + assets:
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✅ Silver: $60.70 (⬆️ 3.94%)
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Dems want to block Trump’s face on a $1 coin as corruption in currency
Two Democratic senators introduced legislation Tuesday to block the Treasury Department from minting a $1 commemorative coin featuring President Donald Trump’s likeness for America’s 250th anniversary, decrying it as potential corruption in currency.
Senators Target Trump Likeness: Sens. Jeff Merkley (D-Ore.) and Catherine Cortez Masto (D-Nev.) lead the Change Corruption Act, banning living or sitting presidents’ images on federal coins.
Design Sparks Controversy: The draft shows Trump raising a fist before an American flag, echoing a 2024 Pennsylvania assassination attempt photo, as a collector’s item for semiquincentennial celebrations.
Treasury Defends Anniversary Push: The department insists coin honors U.S. resilience under Trump, with legal authority for special editions like past hits including Harriet Tubman and Statue of Liberty designs.
Precedent Sets Future Limits: Bill could halt Trump’s coin and establish rules against presidential self-promotion, amid historical sales highs for non-leader commemoratives exceeding millions.
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BlackRock’s Bold AI ‘Picks and Shovels’ Bet
BlackRock’s chief Asia-Pacific investment strategist Ben Powell declared the AI infrastructure spending frenzy far from over, urging investors to bet on “picks and shovels” suppliers like chipmakers and energy producers reaping steady gains from AI hyperscalers’ massive investment deluge.
Infrastructure Boom Accelerates: Hyperscalers are ramping up long-term deals for chips, power, and data centers, driving global investment as they race to avoid falling behind in AI.
Debt Markets Untapped: Major tech firms have barely begun issuing debt to fund expansions, signaling potential for significant future capital inflows via investment-grade credit.
Power Demand Surging: S&P Global projects data-center electricity needs nearly doubling by 2030, fueled primarily by hyperscale facilities powering the AI build-out.
Durable Gains Ahead: According to BlackRock,suppliers in hardware, energy, and materials such as silver and copper are positioned for positive surprises and steadier returns compared to volatile AI model developers.
SILVER AND COPPER CRUSH GOLD
Silver and copper have surged ahead of gold in percentage terms as the hottest metals investments heading into 2026, fueled by severe supply shortages and explosive demand that have traders betting on record-breaking rallies.
Supply Squeeze Drives Gains: Silver nearly doubled this year amid historic London market shortages, the squeeze has eased recently but has remained persistent with Chinese inventories at decade lows.
Massive Investor Inflows Surge: Nearly $1 billion poured into the largest silver ETF last week, outpacing gold funds as under-allocated Western investors rush in.
Volatility Hits Extreme Levels: Silver’s implied options volatility reached highs not seen since 2021, with retail traders fueling a concentrated, parabolic rally.
Record Rallies Loom Ahead: Traders position for feverish 2026 gains in metals tied to AI expenditures via bullish options bets, as silver trades at its most extreme premium since 1979.
Billionaire dumps final Chicago pad as he flees to Miami
Billionaire Ken Griffin, who relocated Citadel’s headquarters from Chicago to Miami in 2022, has placed his last remaining Windy City property—a luxurious penthouse—under contract after slashing its asking price by about 20 percent.
Luxury Penthouse Details: The full-floor duplex at Park Tower on North Michigan Avenue, dubbed the building’s “crown jewel,” is listed at $12.5 million following a reduction from $15.75 million.
Completes Chicago Exit: This sale marks the end of Griffin’s extensive Chicago real estate holdings, divested after moving his hedge fund and family south.
“I’ve Lived In A Failed City-State”: Griffen has said that the decision to move was prompted by seeing the consequences of Chicago’s policies himself. “I had 25 bullet holes in the front of my building where I lived. You can’t live in a city awash [with] violent crime,”
Praises Florida Governance: Griffin has highlighted Florida’s focus on “traditional values,” safe streets, great schools, and strong community as key attractions.
Massive Miami Investment: Citadel’s planned new office tower in Miami’s Brickell neighborhood is projected to cost around $2.5 billion, underscoring his commitment to South Florida.
Dimon blasts political bias claims, praises Trump’s anti-”debanking” push
JPMorgan Chase CEO Jamie Dimon sharply rebuffed allegations from Trump allies that the bank voluntarily cooperated with special counsel Jack Smith’s probe into the President Tump, insisting Monday that records are surrendered only under court-ordered subpoenas, not political pressure.
Dimon Demands Maturity: “People have to grow up here” and stop fabricating claims, Dimon said, stressing JPMorgan never de-banks based on political or religious affiliations.
Strict Legal Compliance: Banks follow subpoenas from multiple administrations—Democratic and Republican alike—and report suspicious activity as required by law, without voluntary disclosures.
Applauds Rule Changes: Dimon has praised the Trump administration’s anti-de-banking stance, noting he’s advocated for regulatory reforms for 15 years.
Proposes Systemic Fix: Dimon suggest banks should flag suspicious data for government decision-making so as to avoid forcing financial institutions into enforcement roles incurring bipartisan criticism.
US GREENLIGHTS NVIDIA CHIPS TO CHINA!
The U.S. Commerce Department is poised to lift restrictions on exports of Nvidia’s powerful H200 AI chips to China, marking a compromise in the ongoing tech trade truce brokered by President Trump and Xi Jinping last month.
Compromise Strategy Revealed: Officials view H200 approval as a middle ground, blocking cutting-edge Blackwell chips while preventing a vacuum that could strengthen Huawei’s domestic AI dominance.
Performance Boost Implications: The H200, with superior high-bandwidth memory over the H100, is nearly six times more powerful than the current exportable H20, enabling China to build near-U.S.-level AI supercomputers.
Criticism from Lawmakers: Senator Elizabeth Warren blasted the decision, accusing Nvidia CEO Jensen Huang of influencing policy through meetings and donations, warning it risks accelerating China’s military and tech edge.
Market and Policy Shift: Nvidia shares jumped 2% on the news, signaling a friendlier U.S. stance toward China amid rolled-back restrictions following Beijing’s rare earth controls.
I have to say I almost spewed my coffee on my Apple computer when I read the headlines. Putting Trumps face on a coin that memorializes the Democrats failure is just absolutely delightful. They pulled all the stops to try and destroy him.
So Democrats don't want President Trumps image on the commemorative 250 year anniversary coin. Then, put the image of The Savior of the World on the coin...The King of Kings, The Lord of Lords, and the one and only Son of God...Jesus Christ. It would be an opportunity to document who is for God and who is against God.