Miscellaneous Weekend Reading… : EI Weekend 3398
“No consensus” Starlink drone subs, heroism bin man style, espionage data overload.
Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.
Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999), Patrick Young. Monday through Friday, our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1962, the US Trade Expansion Act was enacted under Pres. Kennedy. It included a federal program called the Trade Adjusted Assistance (TAA), which offered superior unemployment benefits to US manufacturing and farm workers who lose jobs due to imports or production shifts out of the country.
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MACRO THOUGHTS
What A ‘No Consensus’ World Actually Looks Like
Future News
Young’s Pyramid Quarterly Update
Check out our Social Media for updates on Young’s Pyramid of exchanges. The full Q3 rundown was in Exchange Invest, “the exchange of information.”
IPO-VID LIVESTREAM: NEXT TUESDAY
“The Uncomfortable Truth About Money”
Guest: Paul Podolsky
October 14th, 2025
1700 UK, 1800 CET, 1200 EST
Tune in on:
LinkedIn | Youtube | Facebook
Kate Capital Founder Paul Podolsky was for many years a strategist and investor for Bridgewater Associates. The author of 3 books, his latest is The Uncomfortable Truth About Money.
IN BIGWORLD
Readers will recall that PLY has been consistent in noting British PM Keir Starmer would not last a full term in office despite a stonking majority of MPs elected July 4th 2024.
If anything, as noted recently, that looked like the height of optimism. In fact knives are already out as the Labour Party annual party conference opened in Liverpool Sunday.
The perma-disappointing PM Starmer has achieved a new low incidentally. Where Liz Truss managed a -51% net approval rating, Starmer has plumbed new depths, an all time PM approval low at -66%.
BITCARNAGE
Winkel-Victory?
And lo it came to pass that the Winkelvii have apparently pushed out Brian Quintenz as the new crypto Chairman — for the sin it seems of not being pro-crypto enough?
It’s a kind of DeFi “et tu brute?” I suppose…
If you enjoyed this excerpt, you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
PLY: MARKET MOVERS ON FINTECH TV
Catch me on Market Movers On Fintech TV every Monday at 0920 AM for the latest insights in finance, technology, impact investing, and market trends. Fintech TV is on the web (Fintech.TV), in a multitude of airports across the USA and other channels.
EXCHANGE INVEST WEEKLY PODCAST
As DC Regulators Talk Kumbaya,
BQ is Canceled,
While LSE & ASX Pioneer FaaS,
There’s an SEC Dream Probe,
& ESMA Makes A Power Grab.
The Exchange Invest Weekly Podcast 316
IPO-VID LIVESTREAM: NOW ONLINE!
“Quantum Finance”
Guest: Hayden Van Der Post
October 7th, 2025
1700 UK, 1800 CET, 1200 EST
With a 15 year background in finance, former child chess prodigy Hayden Van Der Post seeks to lift the ‘hood’ on the upcoming world of Quantum computing and thus Quantum Finance.
Watch the stream on:
LinkedIn | Youtube | Facebook
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
Drone “Narco Sub” — Equipped With Starlink Antenna — Seized For The First Time In The Caribbean
CBS News
Bin Men Are Heroes
Laura Perrins Substack
There’s So Much Data Even Spies Are Struggling To Find Secrets
The Business Standard
Exploring The Skyline: How We Located An Alleged Cartel Member In Dubai
Bellingcat
Opinion | Now That Hong Kong Has Its Mojo Back, What Next?
South China Morning Post
PLY: I firmly believe great things are ahead for Hong Kong…
Is It Time To Put Margaret Thatcher On Our Banknotes?
The Spectator
BOOKS WORTH READING:
Finance Book Of The Week
“The Essential Guide to College Financial Planning: How to pay for college without going broke…” by John Ensley reveals the new secrets to beating astronomical college costs.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $499 per annum to join “The Exchange of Information.
Capital Market Revolution
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
LAST WORD
The future continues in the water cooler of the bourse business.
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 7-day trial.
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You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.
Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels.
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