Jazz and James dive into rare polling on capitalism as Davos balks at the undeniable outcome of 5 decades of financialization. Then they head to the Black Hills of South Dakota to take an in-depth look at the resurgence of perpetual trusts and the genesis of today's $4 trillion credit card industry, spawned by the nullification of state usury laws at the hands of a bright red conservative enclave and purported "originalist" SCOTUS justice. In the 2nd half, Jamie Dimon announces a $100 billion/yr emerging markets (micro-finance) initiative as the first caravans of 2020 get underway against the backdrop of nascent 3rd world pandemic. Meanwhile, Bloomie goes full fellow white. If it's Sunday, it's FTN!
