Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Friday, November 22nd, and that means it's time for the Friday 5.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the Breakers Discord. You can find a link of the show notes or go to bit.ly slash breakdown pod. All right, friends, well, it is another jam-packed week, no shortage of things to talk about.

We've got political appointments, political leavings, and all of that under the shadow of 100K.

Without any further ado, let's kick it over to our conversation from this morning.

Here we go.

No slowing in the news cycle this week.

A lot going on. Yeah, this is one we could have just sent AI to do for us and it would have been fully capable, man. You're not an AI? I'm an AI. This guy's not an AI. Nothing artificial

about this, baby. We've got this guy. Gary Gensler on

January 20th, 2025, I'll be stepping down as SECGov chair a thread. My instant response,

I couldn't help it. I'm here somewhere. I ain't reading all that. I'm happy for the,

or sorry, that happened. I mean, did anybody actually

read the thread or did we all just read the headline and move on with our lives in celebration?

I definitely 100% just read the headline and moved on with my life. I didn't even consider it.

I didn't even think of reading it. But I think obviously that this leads into

sort of another topic, which is who's going to end up in all of these positions, right? Because

we're seeing a complete wholesale change and everything that's happening in government agencies,

regulators. We know that Lutnik was being floated for Department of Treasury.

He ended up as Commerce Secretary. Now they're going back to the drawing board. But to me,

...