Mark Cuban is a fascinating person.

Back in 2015, he seemed open and supportive of President Trump, even letting him use the Mavericks Stadium for one of the first MAGA Rallies.

Remember that?

It was iconic.

Since then, he’s gone Full Woke.

Perhaps he always was Ultra Woke and just hid it well, but you’d sure think a man who has been so successful with capitalism would be a little less Woke than Cuban always seems to be.

But I still find him fascinating to watch on Shark Tank, and his business accomplishments are staggering.

He also has an incredible knack for selling things (stocks, companies) at the absolute TOP of the market.

Remember this?

Mark Cuban, along with Todd Wagner, led Broadcast.com, an internet radio company founded in 1995. In July 1998, after renaming the company from AudioNet, Broadcast.com went public, with its stock price soaring 250% on its first day. Cuban’s net worth reached $300 million post-IPO. On April 1, 1999, Yahoo! acquired Broadcast.com for $5.7 billion in stock, marking Yahoo!’s most expensive acquisition. At this time, the company had 570,000 users, valuing each user at $10,000. Cuban sold most of his Yahoo! stock in the same year, earning over $1 billion from the sale​​​​.

Which is why he’s catching serious attention this week for making two huge moves….

First, he announced he’ll be leaving Shark Tank after the next season.

And shortly on the heels of that announcement he’s sold his majority stake interest in the Dallas Mavericks.

Two MASSIVE life changes.

Which is leading many people to speculate as to what’s driving this….

Just time for a change?

Maybe.

Seeing the top of the market and going to cash out?

I think that’s VERY likely.

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Preparing for a Presidential run?

Also very possible I think!

We will see.

In any event, he’s got quite a track record of success:

Definitely odd to make moves of such large scale back to back:

Also seems strange to sell the Mavs….

People do almost anything to own a pro sports franchise and even if you have the money you can’t always get one.

Now he’s just walking away?

Outkick reports a new Casino may be next:

Is Mark Cuban having a crisis?

In a shocking announcement that dropped Tuesday, Cuban — longtime owner of the Dallas Mavericks and face of the franchise — is selling his majority stake in the team for a reported $3.5 billion price tag, per The Athletic’s Shams Charania.

End of an Era?
As part of the deal, Cuban retains a minority stake in the Mavs and will remain as head of basketball operations.

Earlier this week, Cuban announced he was departing from the hit show “Shark Tank” after 16 seasons.

What does the notorious owner have up his sleeve? The most surprising twist in this news bomb may be Miriam Adelson’s involvement.

Miriam (who’s purchasing the team from Cuban) and her late husband, Sheldon Adelson, were HUGE Donald Trump supporters; a unique twist for the typically lib Cuban, who’s gone out of his way to beef with OutKick’s very own Clay Travis over opposing views.

Not even Mark Cuban will let silly politics get in the way of real cash.

Mark Cuban Leaving Dallas After Two Storied Decades
Speaking with The Dallas Morning News, Cuban shared upcoming plans to develop a casino in partnership with Las Vegas Sands Corp., which Adelson owns.

“My goal, and we’d partner with Las Vegas Sands, is when we build a new arena, it’ll be in the middle of a resort and casino,” Cuban said. “That’s the mission.”

Maybe he’s just seen the writing on the wall that we’ve been warning about so much recently?

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BREAKING: Moody’s Cuts USA Outlook To “Negative”

It seems like every day there is a new breaking story I have to bring you about our economy falling off a cliff….

Of course that should come as no big surprise after the intentional destruction caused by the Biden Regime, but the news that just broke is being described as “dropping a nuke” — financially speaking.

Top rating agency Moody’s just cut the USA outlook.

You might be thinking we went from AAA+ to AAA or something, but no….it’s been cut to “NEGATIVE OUTLOOK”.

The United States of America!

I told you, they LOVE to drop bombs late in the day on a Friday:

Ohhhh buddy, Black Monday incoming?

Here’s more from CNBC on this breaking story:

Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.

The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa.

“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues,” the agency said. “Moody’s expects that the US’ fiscal deficits will remain very large, significantly weakening debt affordability.”

Brinkmanship in Washington has also been a contributing factor, Moody’s said.

“Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability,” the ratings agency said.

As far as keeping the nation’s ratings at Aaa, Moody’s said that it expects the U.S. to “retain its exceptional economic strength.” “Further positive growth surprises over the medium term could at least slow the deterioration in debt affordability,” the agency said.

“While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook,” said Deputy Secretary of the Treasury Wally Adeyemo in a statement. “The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”

Moody’s was actually the SECOND big ratings agency to cut the USA….

Fitch was first:

U.S. Dollar DOWNGRADED Due To “Governance Deterioration”

Something big happened yesterday and you might have missed it amidst all the Trump Arraignment coverage.

In fact, it was something we’ve been warning you about for a long time.

Specifically, Bo Polny has been telling you for almost two years now that the Dollar is about to CRASH.

When he first said it people thought he was crazy.

Now?

Now it doesn’t look so crazy, not at all.

Especially not in light of what just happened yesterday.

Credit Rating Agency Fitch just DOWNGRADED the U.S. Dollar.

And in case your eyes just glazed over a bit because you don’t know what all of this means, let me make it very simple for you…

Have you ever bought a car or a house?

What does the bank look at before they give you a loan?

Your Credit Score.

Well, just like you have a Credit Score the United States also has a credit score.

And that Credit Score just went down.

That really shouldn’t be any big surprise because this chart (based on 2022 numbers) shows you how the U.S. Government is managing its budget — as compared to a Family Budget.

So it takes the ratios of the U.S. Government spending and budget and it puts those into how it would look for a family earning the Median Income in the U.S.

The results are stunning:

Would a bank give a loan to someone with these numbers?

No way.

Not in a million years.

So…why do other countries still trust the U.S. Dollar?

Simple, only one reason: “the full faith and credit of the U.S. Government”.

In other words, investors and other countries trust that the U.S. Government will always pay its bills — somehow.

And so far that’s true, the U.S. Government has never defaulted.

But the minute that confidence and trust in the U.S. Government goes away?

BOOM — you’ll have an instant and sharp crash of the U.S. Dollar.

And that’s why this downgrade is so important.

Because they cite “governance deterioration” as one of the main reasons:

Simply put: we now have LESS faith and confidence that the U.S. Government will actually pay its bills in the future because the country is being run so terribly!

Hello Joe Biden!

Kevin O’Leary confirms it’s bad — “There’s no way to sugarcoat this.”

Interestingly, the U.S. Credit Rating has only been cut one other time in history.

Care to guess when that was?

2011.

When Joe Biden was Vice President and Barack Hussein Obama was busy destroying this country in much the same way that Joe is doing right now.

Reuters has more details:

The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience.

Private payrolls rose by 324,000 jobs last month, the ADP National Employment report showed, more than an increase of 189,000 that economists polled by Reuters had forecast.

The U.S. labor market is gradually slowing after the Federal Reserve’s hiking of interest rates by 525 basis points since March 2022. But the economy remains strong, as indicated by the Atlanta Fed’s GDPNow running estimate of real GDP growth for the third quarter at 3.9%.

“The dollar is likely rising more in response to the economic data that continues to be stronger and therefore the market thinks that the Fed will continue to raise rates,” said Michael Arone, chief investment strategist for State Street Global Advisors in Boston.

“Those interest rate differentials compared to other countries will continue to expand or be strong,” he said. “The dollar is getting a rally, in conjunction with a little bit of flight to safety.”

The dollar index , a measure of the U.S. currency against six peers, rose 0.57% to a fresh three-week high. The dollar index has gained 3.0% from a 15-month low on July 18.

Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of a debt ceiling crisis.

So…what happens next?

Bank crashes and “BAIL INS”.

That’s what I expect to happen.

Ever heard of a “Bail In”?

Let me explain…

SPECIAL ALERT: Here Come Bank “Bail-Ins”!

You’ve heard of bank bailouts.

We all learned about those back in 2008/09.

And last weekend.

But there’s something new they’re going to roll out this time around….Bank Bail-INS.

Why bail out a bank with money from Congress if you can just take the money right out of your existing bank account!

Gee, what a novel concept!

In other words, this:

That’s a funny clip, but this is no laughing matter.

This is very real.

And once again I’m warning you that it’s coming before it happens….so maybe you can protect yourself!

It’s not just me and my crazy ideas….here is one of the top financial YouTubers, Meet Kevin, talking about it:

https://www.youtube.com/watch?v=5OoO3hf_s8I&t=1108s

And my man, Patrick Bet David too from just a few days ago:

Now check this out….

Video has leaked from closed door Fed meetings where they talk about how they can’t possibly warn the public (i.e. we can’t tell the public the truth!) because it will lead to mass hysteria.

Stunning.

They won’t tell you the truth, but we will.

Watch this:

More here:

Why Bank Bail-Ins will be the new bailouts:

https://twitter.com/VersanAljarrah/status/1616842617026658305

It’s coming:

ChatGPT knows EXACTLY what they are:

Bank bail-ins are a method of resolving a failing bank’s financial difficulties by requiring the bank’s shareholders and creditors to contribute to the bank’s recapitalization, rather than relying solely on taxpayer funds. In a bail-in, the bank’s creditors, including bondholders and depositors with balances over a certain threshold, may have a portion of their holdings converted into equity in the bank or written off completely.

This approach is intended to protect taxpayers from having to bail out a failing bank, and instead puts the burden on the bank’s investors and creditors to bear the losses. Bail-ins are generally seen as a way to increase the accountability of banks and their investors, and to create incentives for banks to operate more prudently and manage risks more effectively.

Bail-ins have been implemented in various countries as part of financial regulatory reform efforts following the global financial crisis of 2008-2009. The European Union, for example, introduced a bail-in framework in 2014 that requires failing banks to first use their own funds and resources to address their financial difficulties before seeking public support.

Translation of that bold part: say you had $100,000 in a bank account.

One day they just decide a “bail in” is necessary and now you have $50,000.  Or $25,000.

But they will thank you for doing your patriotic duty!

Wow, not me folks!

No way.

I’m going Crypto and Gold & Silver.

That’s just me, but I like my money where the thieves can’t just take it!

Here’s more:

Of course the Government is telling you NOT to withdraw your funds….they’re safe!

Look, I can’t tell you what to do, I’m not a financial advisor.

But me personally?

I have a big chunk of my assets in crypto and another big chunk in precious metals.

I keep as little as possible in the banks.

That’s just what helps me sleep best at night.

Here’s more on gold:

Here’s Why Central Banks Are Buying All the Gold They Can — And What YOU Can Do!

For the last year, central banks across the globe have been buying up as much gold (and often silver) as they can acquire without raising alarm bells. Now, we see why.

The recent bank runs and ongoing collapse of the U.S. banking system was anticipated by the “elites” and the central bankers who run things behind the scenes. They saw it coming and knew the best way to protect their assets was through physical precious metals.

If you’ve been waiting for me to bring you a solution about what YOU can do to protect yourself and you’re family, I’m happy to introduce you to something I absolutely love!

Precious metals.

I just talked about precious metals this week with Bo Polny and now I’m bringing you a solution that you can utilize right away if you’re so inclined…

faith-driven, conservative precious metals company is currently helping Americans tap into the rising precious metals market through self-directed IRAs backed by physical precious metals. And while this service is not unique to Genesis, their adherence to Biblical stewardship of money makes them singularly qualified to receive a sponsored recommendation from this site.

Unlike most companies offering similar services, Genesis deals only with physical precious metals. They do not offer “virtual” or “paper” gold or silver.

With Genesis and their depositories, customers can see and touch the precious metals that back their retirement accounts. When it comes time to take distributions, Genesis customers can cash in some or all of their precious metals or have them delivered to their door.

Central bankers aren’t slowing down. In fact, nations like China and even U.S. states like Tennessee are quickly but quietly buying up gold to back their own treasuries. When the writing on the wall is this clear, it’s understandable why these governments are moving quickly to get ahead of any potential economic catastrophes in store.

Working with Genesis is the best way our readers can explore the physical precious metals market through self-directed IRAs. It benefits us as well when our readers work with this America-First company.

Visit genesiswlt.com or call 866-292-0443 today.

Don’t wait too long, we might have more bank failures right around the corner.

You know what has NEVER “failed”?

Gold.  Precious metals.  Indestructible.

There’s a reason they call it “God’s money”.

Watch this for more:

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This is a Guest Post from our friends over at WLTReport.

View the original article here.

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