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Russia's digital transformation has been making waves, with the introduction of the digital ruble and various digital initiatives. Moscow has implemented face pay payments in the metro and digital ID cards, while also collecting biometric data in a central database. Hermann Graf, a German who was part of Putin's circle in Saint Petersburg, has played a significant role in this progress. Starting as a deputy prime minister, Graf's career skyrocketed, landing him on the Board of Directors of companies like Aerofloat. Russia's advancements in digital technology and Graf's influence have raised questions about whether Russia is becoming another China.

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Dr. Albert Bourla, Pfizer's chairman and CEO, is recognized for his significant impact on global COVID-19 response efforts. As a child of Holocaust survivors, Bourla led his team to develop a COVID-19 vaccine in record time, declining US federal funding to avoid bureaucracy and accelerate production. He is proud of his Jewish heritage, active in Holocaust remembrance, and a strong supporter of Israel, which was the first country outside the US to receive the Pfizer vaccine and antiviral pill. With over 2.5 billion Pfizer vaccine doses distributed, Bourla is credited with helping to save lives during the pandemic. For his contributions, Dr. Bourla has been selected as the recipient of the 2022 Genesis Prize, also known as the "Jewish Nobel Prize."

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Digital certificates are needed for people working in nursing homes, hospitals, and schools to authenticate their vaccination status. Travel may also require such authentication. Pfizer broke every record in developing the vaccine.

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In the fight against COVID-19, Pfizer CEO Dr. Albert Bourla, a child of Holocaust survivors, played a key role in developing the vaccine. His Jewish heritage and support for Israel are notable. Over 2.5 billion Pfizer vaccine doses have been distributed worldwide. For his contributions, Dr. Bourla received the 2022 Genesis Prize, known as the Jewish Nobel Prize. The pandemic continues, but Dr. Bourla's efforts have made a significant impact in saving lives globally.

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I'm currently in Paris in front of a Milize Bank office, France's third-largest independent asset management group with €13 billion in assets. In early February, Maltex multicapital corp acquired the group. Maltex multicapital corp, linked to Ukrainian President Volodymyr Zelensky, is registered in the British Virgin Islands and is at the heart of Zelensky's offshore empire. Before being elected, Zelensky ceded his shares to business partner Sergiy Shefir, with an arrangement to continue dividend payments to Zelensky's wife. Chantale Laurie, known for her support for Ukraine, chairs the board of Milize Bank. After seven years of losses, the bank finally posted positive results in 2023 and sought a buyer. The acquisition occurred in early February 2024 for an estimated €1.1 to 1.25 billion. Rothschild & Co, Emmanuel Macron's former employer, was tasked with finding a buyer for Milize Bank.

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China is investing in tech companies to create a surveillance network using citizens' official ID cards. One company, MEGVY, received a large investment and named its technology Skynet. Despite the negative connotations from the movie Terminator, Skynet in China is seen as a positive system. MEGVY's facial recognition technology can track faces in public and cross-check them against a criminal database. Over 3,000 fugitives have been caught in just one year using this system. In the future, MEGVY envisions a society where everyone has social points, similar to a black mirror episode, where actions like spitting gum on the sidewalk can affect one's social standing.

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The Russian State Duma has ratified a bill creating the legal framework for the digital ruble, which was introduced a year earlier than planned. The government claims the digital ruble will help bypass sanctions. It is expected that within 3 to 5 years, the digital ruble could be used for social payments, including pensions. The Russian media and public seem largely unaware or uninterested in the digital ruble. A recent survey found that only 55% of Russians knew what biometric IDs were, indicating a lack of understanding about new technologies. The future of the digital ruble remains uncertain, but its potential impact is concerning.

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I discovered the CIA's involvement in vaccine production while researching Pfizer. Notably, the CEO of In-Q-Tel, the CIA's investment group, is on the board of Resilience, a biotech company that partnered with Moderna. Resilience has received significant government funding and has ties to various high-profile investors. Key figures like Bob Nelson and Luciana Borio, who have connections to the intelligence community and the FDA, are involved with Resilience. During Operation Warp Speed, Moderna collaborated with this newly formed company, which aims to innovate biomanufacturing and develop gene therapies and vaccines. The connections between these organizations and individuals raise questions about the intertwining of intelligence, big pharma, and government interests in public health initiatives.

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In 1856, Andrei founded Sweden's first modern bank, Stockholm's Enskilde Bank (SEB), because Sweden's banking system was outdated and businesses relied on the inconvenient central bank for loans. Andrei aimed to make borrowing easier. He attracted customers by offering the highest interest rates on deposits, encouraging people to deposit their money in his bank. With deposits secured, he provided loans to businesses, which he believed would kick start a financial revolution. Andrei's business loans became the lifeblood for many Swedish companies, who paid him back with interest.

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The Chinese lab in Wuhan is linked to GlaxoSmithKline, which owns Pfizer. Dr. Fauci funded the lab, promoting the vaccine. BlackRock manages GlaxoSmithKline, which is tied to Soros Foundation. Soros owns companies involved in Wuhan lab. Allianz, with Vanguard as a shareholder, is connected. BlackRock, controlling central banks, has ties to Microsoft, owned by Bill Gates. Gates is linked to BioNTech and Pfizer, sponsors of WHO. A bat in Wuhan led to a global outbreak.

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That extraordinary person is Pfizer Chairman and CEO, Doctor. Albert Borla. Doctor Borla led his team to deliver a COVID nineteen vaccine in record time while taking a risk by declining US federal funding to avoid government bureaucracy and expedite vaccine production. A child of Holocaust survivors from a Greek Jewish community destroyed by the Nazis, he's proud of his Jewish heritage, is active in Holocaust remembrance and education, and a strong supporter of Israel, which was the first country outside The US to receive the Pfizer vaccine and the antiviral pill. With more than two and a half billion Pfizer vaccine doses already distributed. Because of Doctor. Borla's extraordinary contribution to humanity as the world battles the worst health crisis in January, Doctor Albert Borla has been selected as the recipient of the 2022 Genesis Prize, the Jewish Nobel Prize. Thank you, and congratulations, Doctor. Borla.

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The speaker discusses their accidental discovery that the CIA has a heavy involvement in vaccine production. They mention various connections between different individuals and organizations, such as Pfizer, Resilience, Moderna, and In-Q-Tel. The speaker also highlights the funding received by Resilience from the government and other sources. They delve into the backgrounds of key figures involved, including Luciana Borio, Scott Gottlieb, and Bob Nelson. Connections to the intelligence community and banking industry are mentioned. The speaker concludes by expressing hope that these influential individuals can protect society from future pandemics. They briefly mention Illumina and the relationships between Francis Arnold, Scott Gottlieb, and Susan Desmond Hellman.

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Speaker 0: Calvin will receive one shot. We are leading in global vaccination efforts with over 1.1 billion shots administered. We will continue our efforts and have provided significant funding to ensure everyone can be vaccinated. It is crucial for us to play the largest role in vaccinating the world.

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The BRICS countries are implementing large scale initiatives in the area of nuclear energy and aviation, new materials and IT industry, robotics engineering, and artificial intelligence. Certainly, particular attention is being paid to strengthening connection within the BRICS block. Their mutual goods turnover of our countries has already exceeded 1,000,000,000,000 U. S. Dollars and continues to grow. All of that are elements of the global platform for growth. They are founded on the key principles of BRICS, that is primarily consensus, parity, accounting for the interest of one another. Russia welcomes all of its partners to make their contribution to shaping new global growth model.

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The Chinese lab in Wuhan is linked to GlaxoSmithKline, owned by Pfizer. BlackRock manages GlaxoSmithKline and is tied to Soros, who owns Wintershall, the lab builder. Allianz bought Wintershall and has BlackRock as a shareholder. BlackRock also owns a share of Microsoft, linked to Bill Gates, a Pfizer shareholder and WHO sponsor. This shows how a bat in China led to a global pandemic.

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The central bankers have a goal of introducing central bank digital currencies (CBDCs) and digital IDs. They used the pandemic as an excuse to push for digital IDs through vaccine passports, even though the justification wasn't strong. Their ultimate aim is to create a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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Israel was able to come out of COVID first by using its extensive medical database, which includes digitized medical records for 98% of the population. This allowed them to analyze the effects of vaccines on different medical conditions. Israel became a testing ground for Pfizer, and the information gathered was shared with the world. The plan now is to expand the database to include genetic records from the entire population, creating a powerful resource for medical and biotechnological advancements. Israel aims to prioritize Israeli firms initially, but ultimately hopes to benefit the Middle East and the world with groundbreaking technologies.

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In 2018, the CEO of Pfizer spoke at the World Economic Forum about the potential of ingestible computer chips in tablet form. These chips would signal when a drug has been digested, allowing authorities and insurance companies to monitor medication compliance. The CEO acknowledged the initial cost and emphasized the benefits of this technology. Looking back now, considering the COVID-19 pandemic and associated mandates, his remarks may not seem far-fetched.

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In 2014, the speaker's company hired Manuela Veloso from Carnegie Mellon to run machine learning. They have a 200-person AI research group and spend approximately $2 billion on AI, with about 600 end use cases. This number of use cases is expected to double or triple next year. The company moved AI and data out of the technology department because it was deemed too important. The head of AI and data now reports to the speaker and the president. The company focuses on accelerating AI development and tests extensively, collaborating with many people. AI will change everything.

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In late 2019, I first heard about a new virus in China. Initially, I thought it would be like SARS or MERS, but after attending Davos 2020, I realized it could be a pandemic. We are partnering with CP to develop a vaccine quickly, with the US government's help. SEPI is funding the project, and we aim to produce clinical-grade material for testing. This endeavor is unprecedented, and we are working together to achieve it. When the pandemic hit, we shifted focus to producing a billion doses. It's a challenging but necessary task.

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A bank, Sberbank, is involved in a biometric system called Ladushki, which allows school children to pay for their lunches. Sberbank is also helping regional governments and cities fulfill their UN sustainable development goals. The CEO of Sberbank, Greff, is leading these initiatives and has a good relationship with Putin. The recent passing of laws on the digital ruble by the state Duma will first be used by the Russian Central Bank and then expanded in phases. This bill establishes the legal framework for the digital ruble.

20VC

David Velez: How AI Changes The Future of Finance | E1059
Guests: David Velez
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David Vélez describes Sequoia’s interview process as unlike any other. The first interview is with the firm’s head, setting a tone that talent matters from the top down. Questions focus almost entirely on personality, character, and life context rather than a CV. He was later invited to meet more partners within minutes of leaving the interview, illustrating Sequoia’s culture of speed and direct access. He notes the emphasis on genuine partnership and the value of hiring people with distinctive strengths and weaknesses. On Nubank, the strategy centers on becoming the primary bank for broad Brazilian audiences and expanding deliberately in three markets—Brazil, Mexico, and Colombia. Vélez highlights that almost 50 percent of the Brazilian adult population is a customer of Novak, and about 30 percent of adults rely on Novak as their main bank. The company promotes deep localization through a licensed bank model, building a marketplace with millions of daily users across 180 partners, and pursuing high trust with a market-leading NPS in select regions. AI and product strategy form a centerpiece of future growth. Nubank envisions a private banker AI that can function as a trusted advisor, embedded across products, while avoiding conflicts of interest. Vélez argues for owning incentives in the AI system and carefully choosing whether to rely on external models or develop internal ones. He frames AI as a platform to democratize access, deepen customer relationships, and extend beyond financial services into a broader marketplace. Leadership, culture, and risk are recurrent themes. He reflects on the importance of the first 90 days, deliberate hiring, and an ‘epistemic humility’ mindset that encourages questions over certainty. He admits past speed-driven bets, such as acquisitions, could have been slower and more organic. He also discusses philanthropy and ‘efficient giving,’ stressing urgency for immediate aid in Latin America alongside long-term leadership development. The conversation closes with personal notes on fatherhood, remote work, and global talent.

20VC

Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996
Guests: Jackie Reses
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‘We built the bank we wanted to see in the world,’ Jackie Reses says, describing Lead Bank. She started her career at Goldman Sachs, then moved into entrepreneurial roles, loving math and building new products. She comes from an entrepreneurial family, left high school to work, put herself through college, and credits Wharton with shaping her network and career. Iron core of her leadership: outcomes over titles. 'I focus on not the work they're doing, but the outcomes they drive,' she says, and describes hiring as discovering innate skills beyond resumes: 'I focus on what I think the person's innate skills are as a human, not what jobs they've had in the past.' She uses case studies, personal life goals, and honesty to assess fit. She discusses building teams at Square and Lead Bank, rejecting micromanagement, and promoting a culture of hard work and high performance. 'I don't micromanage... I focus on outcomes,' and she notes the value of scrappy, ambitious people, 'people who have the passion, the grit and are inspired by what we're doing.' She recalls COVID PPP volunteer effort as a proof point for mission-driven culture. Crypto, regulation, and fintech in the interview: she discusses crypto winters, regulatory clarity, and the Fed. 'Regulatory oversight is probably the most important thing for the crypto industry today.' She emphasizes openness with regulators to build credibility, 'we work with crypto companies... explaining the products' risks.' She envisions consolidation in fintech via M&A, and argues incumbents must disrupt themselves; 'the most important thing is staying disciplined and focused on long-term operations.' Future of Lead Bank: 'will be one of the biggest innovators in fintech infrastructure,' aiming for multi-country expansion and a full slate of banking services designed for compliance and safety.

Lenny's Podcast

Be fundamentally different, not incrementally better | Jag Duggal (Nubank, Facebook, Google)
Guests: Jag Duggal
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New bank is larger than Coinbase, Robinhood, Affirm, SoFi, and Lemonade combined, with 80-90% of its growth driven by word of mouth. The company aims to be fundamentally different rather than incrementally better, fostering a fanatical customer base. New bank has successfully launched multiple products, including lending, investments, insurance, and small business solutions, while adhering to a culture that prioritizes customer love. Jag Duggal, Chief Product Officer at New bank, emphasizes the importance of tapping into deep customer pain points and maintaining a strong company culture. He highlights the significance of having clear strategies, referencing Kevin Systrom's quote about clarity in strategy. New bank's growth strategy focuses on understanding customer needs and iterating on products until they achieve a high Shaun Ellis score, which measures customer disappointment if a product were to disappear. A score of at least 50% is required for product-market fit. Duggal outlines New bank's five core values: fanatical customer love, hunger to challenge the status quo, building strong diverse teams, pursuing smart efficiency, and thinking like owners. He stresses the importance of customer discovery and the need to observe rather than just ask customers about their needs. Techniques like the Amazon mock press release help ensure that products resonate with customers before development begins. New bank has expanded its product lines significantly, transitioning from a Brazilian credit card company to a full-service bank in Latin America. The company is now exploring the integration of AI to enhance customer experiences and streamline financial management. Duggal envisions a future where banking is holistic and accessible, leveraging technology to provide personalized financial guidance. He shares insights on the importance of perseverance, clarity in strategy, and the need for disruptive innovation to stand out in a crowded market. Duggal concludes by encouraging others to pursue fundamentally different solutions rather than settling for incremental improvements, emphasizing that the future of banking can emerge from Latin America.

Unlimited Hangout

Russia’s Sputnik V and the WEF with Riley Waggaman
Guests: Riley Waggaman
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Whitney Webb frames a discussion of global power as driven by transnational networks that transcend nation-states, shaping policy and markets to enrich a global elite rather than serve any particular country. The episode uses Russia and the COVID crisis as a case study to examine how these networks push technologies and governance—such as central bank digital currencies, vaccine passports, and Fourth Industrial Revolution infrastructure—under the rubric of public health or national interest, while advancing technocratic control. Riley Waggaman, a Moscow-based journalist, addresses Sputnik V with a critical lens, noting that Gamaleya Center’s viral-vector platform is presented as a rapid breakthrough but remains unproven in terms of market-available vaccines. He points to Gamaleya’s tenuous pre-COVID track record, close ties to the Russian Health Ministry, and historical links to Anatoly Chubais and Rusnano, which have been associated with financial misfeasance and questionable ventures. He highlights the Ebola vaccine Gamaleya touted as a success that never advanced to broad international use, despite public claims. The Sputnik V narrative is further questioned by the claim that Gamaleya often acts as a purchaser or middleman rather than a manufacturer, acquiring doses from an unnamed third party and branding them as its own, sometimes in US-dollar contracts. The discussion extends to Russia’s cooperation with major Western pharma firms, including a memorandum with AstraZeneca and debates over mixing Sputnik V with other vaccines; Argentina’s experience with mixed dosing is cited as evidence of this collaboration. The Russian Direct Investment Fund (RDIF) and the Bank sector, notably Sberbank, emerge as central players: Sberbank’s front-line role in vaccine distribution, its leadership’s WEF connections, and its broader “universe of services” branding, including biometric ID and digital ecosystems, are described as integral to public-health and social-control strategies. Biometrics and digital IDs are shown as expanding into schools and other public spaces, with Sberbank-backed projects leveraging thumbprint and facial-recognition systems, raising concerns about surveillance and the normalization of centralized control. The national QR-code bill’s shelving is presented as a partial victory, yet regional QR-code practices persist, and Putin publicly supported the policy, undercutting claims of strategic resistance. Transparency gaps are stressed: post-vaccination safety data in Russia is not released, and the absence of a VAERS-style system is highlighted, alongside the claim that trial data is treated as confidential trade secrets. The CBDC narrative is firming, with the digital ruble being tested, pensions shifted to digital wallets, and officials discussing payment monitoring and constraint mechanisms. Spurcoin’s development, JPMorgan involvement, and a potential competition or coexistence with the digital ruble are examined, alongside CyberPolygon ties linking the World Economic Forum, Sberbank, and Russian authorities. The gold policy is reviewed: Russia’s shift from heavy gold accumulation to exporting gold, particularly to London, enabled by new rules allowing miners to repatriate cash abroad, prompting questions about a gold-backed system and the real trajectory toward CBDCs. The Ukraine crisis is acknowledged as a backdrop to these dynamics, with Western media amplifying threats while the broader trend toward centralized digital control—public-private, national-international—continues. The speakers close by urging vigilance, recognizing resistance but acknowledging that the overarching trajectory toward digital currencies, biometric surveillance, and transnational governance is unlikely to be easily reversed.
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