Podcasts about Alexander Hamilton

Two vague words gave Congress unlimited power. It's the greatest Constitutional scam in American history. In 1791, Alexander Hamilton laid down the blueprint. Jefferson, Madison, and others immediately called it a profound betrayal, warning that if Hamilton's view won, every other limit on power would be meaningless. This was the turning point for the future of the republic - and the story they never want you to know. The post The Constitutional Scam Nobody Told You About first appeared on Tenth Amendment Center.

Quantum Nurse https://graceasagra.com/  presents Freedom International Livestream On Thursday, Aug 21, 2025 @ 12:00 PM EST Guest: LAWRENCE FREEMAN Topic:  Battle Over the Nile: Egypt, U.S. Pressure vs Ethiopia's Right to Develop https://lawrencefreemanafricaandtheworld.com/ Guest Bio: Lawrence Freeman is a political-economic analyst with over 30 years of experience specializing in Africa and physical economics. He advocates for real economic development through infrastructure, particularly rail and energy, as a basic human right.   Freeman supports African sovereignty by encouraging policies that serve national interests. His work spans Ethiopia, Nigeria, Sudan, Mali, Chad, and Côte d'Ivoire. He champions major projects like the Transaqua initiative to revive Lake Chad and the African Union's High-Speed Rail Network. He also contributes to an infrastructure plan inspired by Alexander Hamilton's National Bank.   Freeman teaches African history in Maryland, publishes widely, and advises institutions including the Lake Chad Basin Commission. His vision centers on self-sufficient, sovereign development to secure Africa's long-term prosperity.   Founding Host: Grace Asagra, RN, PhD Podcast: Quantum Nurse http://graceasagra.bio.link/ https://www.quantumnurse.life/ DONATE LINK for Grace Asagra @ Quantum Nurse Podcast https://patron.podbean.com/QuantumNurse https://www.paypal.com/donate/?hosted_button_id=FHUXTQVAVJDPU Venmo - @Grace-Asagra 609-203-5854 Grace Asagra, RN PhD Podcast:  Quantum Nurse: Out of the Rabbit Hole from Stress to Bliss https://graceasagra.com/ Special Guest Hosts: Drago Bosnic BRICS portal (infobrics.org) https://t.me/CerFunhouse   Standing host: Hartmut Schumacher https://www.dragonnous.com   WELLNESS RESOURCES Optimal Health and Wellness with Grace Virtual Dispensary Link (Designs for Health)               2https://www.designsforhealth.com/u/optimalhealthwellness Premier Research Labs https://prlabs.com/customer/account/create/code/59n84f/ 15% discount

Title: How You Can Win Trump's Tariff War  Summary: The video hosted by Seth Bradley discusses the potential economic implications of President Trump's aggressive tariff policies and how they might present unique opportunities for wealth building in America amidst global economic upheaval. Bradley explains that tariffs—essentially taxes on imports—are economic tools that can protect domestic industries but also lead to broader economic challenges, particularly if not applied thoughtfully. He outlines the dynamics of Trump's tariff strategy, including a systematic and reciprocal approach to trade that could reshape relationships with various countries.   Seth Bradley emphasizes that while the stock market is experiencing volatility and media outlets are reacting negatively, there are underlying opportunities that savvy investors should seize. He advocates for a focus on U.S. manufacturing and infrastructure, energy independence, and advancements in AI and automation as key areas for investment. The video posits that although immediate challenges like inflation and retaliation from trade partners are likely, the long-term outlook sees a potential reshoring of American industry, a reemergence of economic sovereignty, and ultimately an empowered U.S. economy. Links to Watch and Subscribe: https://www.youtube.com/watch?v=DgWxz_V0lPk&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=2 Bullet Point Highlights: Market Volatility: The stock market sees a significant downturn as tariffs take effect, presenting both challenges and opportunities. Tariff Strategy: Trump's tariffs are described as calculated economic warfare, designed to compel countries to negotiate trade terms. Manufacturing Reshoring: The video advocates for investing in U.S.-based manufacturing as companies look to bring jobs back onshore. Energy Independence: Emerging opportunities in U.S. energy production are highlighted amid tariffs hurting foreign oil imports. AI and Automation: The potential for AI-driven solutions to replace expensive offshore labor costs is discussed as a strategic investment avenue. Investment Strategies: Three key strategies are proposed for capitalizing on the unique economic landscape: investing in infrastructure, energy, and AI technologies. Vision for the Future: The potential long-term benefits of Trump's tariff policies are framed as a chance to reset trade imbalances and promote U.S. economic strength. Transcript: (Seth Bradley) Trump just broke the global economy and it might be the best thing to happen to America in decades. The stock market is crashing. China, Mexico, Canada, they're retaliating. The mainstream media is melting down. But the truth, if you understand what's really going on, this might be the single greatest opportunity of the decade to build wealth. So, let's break it down. No fluff, just facts. What's up, big brains? Welcome back to Raise the Bar, where I simplify complex money, legal, and political moves so you   can make power plays in real time. I'm Seth Bradley, securities attorney, founder, and investor, and I quit a multiple six-f figureure big law job to pursue entrepreneurship and a life without limits. Today, I'm giving you the truth about tariffs, Trump's Liberation Day, and how to turn this global shakeup into your personal leverage point. All right, let's get it. Let's start out with the basics. So, what exactly is a tariff? At its core, a tariff is a tax on imports. That's right. It is a tax. When a foreign   company sells goods into the US, the government slaps on a tax, usually a percentage of the total value. So, if a car from Germany costs 50k and there's a 10% tariff, then that car now costs $55,000 to bring into the US. So, who pays the tariff? Well, it's US importers, not the foreign shippers. And yes, it trickles down to you, the consumer, right here in the US. But tariffs aren't just taxes. They're economic weapons. And right now, Trump's using them with either surgical precision or as a nuclear bomb,   depending on how you look at it. All right. To know where you're going to go, you have to know where you come from. Tariffs go way back in American history. It's not anything new. And in fact, before the IRS, tariffs were how we paid for the entire federal government, rather than through, let's say, income taxes, property, capital gains taxes, and all these other taxes that we all just know and love today. Tariffs haven't always resulted in good or bad for the US. It's a mixed bag. Alexander Hamilton pushed for tariffs to protect   US industry. Success, yes. Abraham Lincoln used them to industrialize the North during the Civil War. Success, yes. But in the 1930s, the Smooth Holly Tariff Act backfired hard, triggering a trade war that deepened the Great Depression. So, not always successful. Tariffs can protect jobs and industries, but if they're too extreme or poorly timed, they can tank the economy. So, the key is strategy. And whether or not you believe in Trump, he's playing chess here, not checkers. Something you never   used to associate with Trump is humble, but he has come a long way and is humble enough to at least have some of the greatest economic minds in his corner. So, they have a business-minded mentality, and that's exactly what this is. We need to stop treating the government like it's aing goodwill. It's not here to give you for free, and it's certainly not here to take what's yours. It's here to work for you, for what the people want, and decide through a democratic process what to do. Once upon a time, we literally became a   country because we wanted independence, self-sufficiency, and freedom. We chose to break free from overt taxation, oppression, control, regulation, and government oversight. What's happening in 2025? In case you missed it, let's get caught up right now. Trump has declared Liberation Day and followed up with the most aggressive global tariff policy in modern history. A minimum of 10% tariffs on every import into the US, up to 60% tariffs on China. That changes every single day though. Reciprocal   tariffs on all countries. If a country charges us 25%, we charge them 25% back. But that's not exactly true. And we'll get into more of that later. Canada and Mexico not exempt. This isn't just about China. It's about a full global reset. So the kicker is formula based. Trump's trade team built a publicly disclosed algorithm that adjusts tariff rates based on countries how countries treat the US exports. It's dynamic. is constantly changing. It updates monthly. This isn't random. It's calculated   economic warfare. All right, next. Now that it's in effect, what's happening? Well, you're seeing it. Wall Street is panicking. S&P 500 is down 14% in the first two weeks. Tech stocks are plummeting. Elon Musk just posted on X that supply chain realignment is overdue and this pain is necessary. Mexico is negotiating. Canada's threatening retaliation, but also showing signs of blinking. China, they're digging the toes in, but there's exports that are suffering. You just won't hear all this stuff on CNBC, but you know, many of   these global players are coming to the table. Tariffs are doing exactly what they're designed to do. Force negotiation, good or bad. Trump's move is forcing every country to rethink dependence on the US consumer. And not just that, it's forcing us to rethink how we depend on them. All right, let's set the record straight on a few of these common things that are floating around here. One, tariffs only hurt the other country. That's totally wrong. US businesses and consumers feel the sting, and we will. We are, at least   at first. Sometimes you're going to hear this is just economic nationalism. But that's also wrong. This is about strategic leverage, not about isolating us. Third, it's inflationary in the short term. This is true. But if local supply chains relocize, prices stabilize and strengthen the domestic economy and we'll be good to go. But right now, we're feeling it. Next, tariffs can bring manufacturing back. This is true. Maybe, and we're already seeing US factories reannounced, reopenings in Michigan, Ohio, Pennsylvania, places   like that. And we've seen trillions of dollars of investment promises rolling in already. But if this steers us into a deep recession, companies won't have the resources or confidence to build. All right. So, what's my prediction? And some of these aren't even predictions cuz they're happening right now. Are risks, short-term inflation, price increases, stock market volatility, retaliation from trade partners. These things are already happening. So, they're probably just going to escalate for the near future.   But the potential upsides, reshoring of manufacturing, massive supply chain independence, huge massive negotiation leverage for better and at the very least equal trade terms. Stronger US dollars, capital fleas, unstable markets abroad. Those are all massive positives, but they're not going to happen overnight. So, what's my prediction? short-term pain, long-term economic sovereignty, but we're entering a serious rebalancing period, and the US is reasserting its economic power. And while it hurts now, this could finally   reset the broken trade game that's been bleeding our economy dry for decades and would eventually take us down. All right, so what do we do about it? We need to capitalize. So, what are the three smartest ways to capitalize on Trump's 2025 tariffs? There are lots of unknowns and unpredictability in business. But one thing is always true. When there's panic in the streets, there is massive opportunity somewhere and there's going to be wealth transfer. For those with cool heads, fortitude, and discipline, we can win. So, what am I   doing? And what can you do to capitalize on all of this unpredictability? All right. Strategy number one, invest in US manufacturing and infrastructure. Tariffs equal a return to Americanmade. Full stop. Trump's reciprocal tariffs aren't just economic sanctions. They're a forced reshoring event here in the US. Global trade is breaking. Supply chains are rerouting. Countries like China, Mexico, and Canada, they're scrambling to adjust. And meanwhile, America is rebuilding. This is your moment to build   wealth while the rest of the market panics. So, how do we actually do this? Play number one, invest passively in the U in industrial and infrastructure projects. Tap into private equity funds, syndications, or REIT alternatives that focus on, of course, manufacturing facilities, US-based supply chain logistics, cold storage, and warehouse assets, transportation, freight infrastructure, that stuff works, too. These funds are just pouring into the reshoring initiatives, not just from the government, but from Fortune 500   companies rethinking their risk exposure. Play number two for my capital raisers out there. Raise capital for experienced sponsors in the same space. If you're not the operator, but you've got a network, become a capital aggregator. Use SPVS or fund of funds models like TriVest to compliantly pull investor capital into high quality US industrial and infrastructure deals. Bring your network along. Bring limited partners into deals with better terms, higher leverage, and strategic upside. Focus on experienced sponsors. Of   course, do your due diligence. Make sure they have a track record in industrial real estate or again critical infrastructure. All right, play number three. If you have the resources, buy directly. Also got to have the knowhow, right? Focus on manufacturing assets, warehouses near growing ports, logistics hubs, things like that. Make sure you have a boots on the ground partner if it's not you in that local market. Think markets like Columbus, Kansas City. These cities are turning into many powerhouses as global shipping patterns   shift inland. Bonus play, buy dirt where the roads are going. Right? So, if you're into residential and you don't know anything about industrial and you're not comfortable with it, think about residential and mixed juice land near inland ports, new highways, industrial corridors, growth zones, things like that. These plays won't necessarily cash flow day one, but they will appreciate like crazy over the next 3 to 5 years as that infrastructure is finally built out. Strategy number two, energy independence investing. If   manufacturing is the body, energy is the blood, where are you going to power this thing from? Trump's tariffs are slamming foreign oil and renewables equipment. And that gives domestic US producers, especially in oil and gas and renewables such as batteries, an unmatched advantage. And with the world watching this tariff war unfold, there's one thing everyone agrees on. Energy is national security right now. So what do you do? Play number one, invest passively, of course, in US energy assets, oil and gas royalties, own a   slice of production without the drilling risk. You have to dig deep into those documents and see what you're getting yourself into. There's a lot of different oil and gas funds that are structured in different ways and have different tax incentives versus cash flow. So, make sure you dig deep into that. Also look at battery manufacturers like Stack Rack Battery, especially US-based ones, solar developers, those leveraging domestic supply chains. Look for funds and startups focused on energy independence, not just ESG headlines.   Real world example, I had mentioned StackRrack battery. I co-founded StackRrack, a US-based modular battery company. And we're not just producing batteries, we're part of the national grid modernized push. Our battery systems are designed, they're assembled, and they're shipped right here in the US. We're ULcertified, scalable, and recession resistant. And tariffs just gave us a built-in mode. This is exactly what happens when policy meets opportunity. You just have to open your eyes and find those right opportunities.   And a bonus here, tax credit tailwinds. The US is still offering massive tax credits under the Inflation Reduction Act, for now at least. Pair that with import based price increases and you've got a once in a decade profit window. And building on that, what's your capital aggregator play? If you don't want to operate, partner with fund managers or sponsors deploying capital into these sectors, be the legal, the capital raising or the strategic partner in high demand governmentbacked tariff fueled energy projects. My law firm,   Raise Law, can help you build any capital raising structure you can imagine. So feel free to reach out. All right, strategy number three, back or build AIdriven alternatives to offshore labor. Tariffs don't just hit goods, they hit services, too. Let me explain. Think about it. If China, Mexico, or Canada are now more expensive to work with because of reciprocal tariffs, that raises the cost of offshore labor. So, enter what's happening right now. AI, automation, US-based software. This is your moment to kill the middleman.   Reduce labor cost and automate what is already going to be offshored. This is your moment to kill the middleman. Reduce labor cost and automate what was once offshored in different countries. So here we go. Play number one. Build or invest in AI tools that replace outsource labor. Think about jobs like customer service, document review and data entry, uh logistics coordination, manufacturing floor labor, things like that. It's not sci-fi. The LLMs and the manufacturing robotics are ready today and the opportunity is right now. All   right, so step-by-step action plan. Identify high friction outsource tasks that just got more expensive. Right. Next, what's the capital aggregator play? partner with early stage AI founders or companies. Use your network expertise or capital raising jobs to make strategic investments or even try to leverage an advisory equity position or a role in a startup in these sectors. I've done it and feel free to reach out and I can tell you more about how I've done it. So, pro tip though, don't just invest in AI for the sake of it. Invest   in AI that displaces foreign labor. That's where the pressure is. That's where the real value will be. This is the moment most people will fear. We're in it right now and a few smart ones will capitalize. Tariffs are just the first shot in a major larger realignment. And if you're able to stay calm, not get caught up in all the political nonsense. This is a time where real wealth changes hands. Keep your mind clear, keep your eyes open, and if this breakdown helped you see the game clearer, smash that subscribe button,   drop a comment with your take on Trump's global economic strategy, and let me know, are you playing offense or defense? Keep your head in the game. Raise the bar, baby. Until next time, enjoy the journey. [Music] Links from the Show and Guest Info and Links: https://www.youtube.com/watch?v=DgWxz_V0lPk&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=2 https://www.facebook.com/sethbradleyesq/posts/pfbid02RZL2XfebNjV7orN7Ze4Ue8z437ZobHSQoDoCZWwLNwG1VgsshZrRMSkyeGkydwZGl https://www.instagram.com/p/DIUN1PvTvgQ/ https://x.com/sethbradleyesq/status/1910758713683746925 https://www.linkedin.com/posts/sethbradleyesq_tariffs-trump2025-donaldtrump-activity-7316522747164086272-47ae?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAKVay0BMf-qnL2v6W-30PvVRZnCs0eCFQU https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en

Clay's conversation with historian Louis Masur about his new book A Journey North: Jefferson, Madison, & the Forging of a Friendship. In 1791, Thomas Jefferson and James Madison went on a monthlong tour of New England. They were weary from their struggles with Alexander Hamilton for the soul of America. They needed a vacation, but as exemplars of the Enlightenment, they wanted to do some "botanizing," as they put it. They were interested in studying the Hessian Fly, which was devastating New England wheat production and seemed to be heading south to Maryland and Virginia. They wanted, like most tourists, to see American Revolution battlefields. They had been friends for more than a dozen years, but this journey deepened their political partnership. The Federalists accused them of making the journey to stir up political opposition to the Hamiltonian fiscal program; however, they were mostly exploring a part of America about which they knew little.

On this edition of The Catered Quiz, Milwaukee's own Fawn Siemsen-Fuchs joins the show to answer questions about The Princess Bride and Born to Dance. We also talk about viral library videos, microfilm and Jolly Ranchers. If for some reason you aren't doing so already, be sure to follow the Milwaukee Public Library on Instagram and TikTok. Be sure to watch Fawn's recent video as Alexander Hamilton, it's tremendous. The Princess Bride and Born to Dance are both available to reserve through CountyCat.

Retirement has the potential to make up 1/3 of your life, so naturally your experience will change as you pass through its various phases. Nathan discusses how we evolve through the three phases of retirement, and what we can do to prepare ourselves along the way. Also, on our MoneyTalk Moment in Financial History Nathan and Daniel tell the story of Alexander Hamilton and The Whiskey Rebellion. Host: Nathan Beauvais CFP®, CIMA®, CPWA®; Special Guest: Daniel Sowa; Air Date: 8/13/2025; Original Air Date: 6/26/2024. Have a question for the hosts? Visit sowafinancial.com/moneytalk to join the conversation!See omnystudio.com/listener for privacy information.

In the summer of 1804, Vice President Aaron Burr was wanted for the murder of Alexander Hamilton. The fatal duel made him a political pariah and the target of widespread public outcry.But as Burr's Vice Presidency came to an end, he refused to slink into the shadows. Vowing to rise again, he decided to seek his fortunes in the West. Soon, he would journey to the newly acquired Louisiana Territory, recruiting allies and seeking to fulfill his dreams of rebellion and conquest.Be the first to know about Wondery's newest podcasts, curated recommendations, and more! Sign up now at https://wondery.fm/wonderynewsletterListen to American History Tellers on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial today by visiting wondery.com/links/american-history-tellers/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureCanada is now feeling the tariff bite, they are now losing jobs because of the tariffs. GE makes another investment in the US. Tariffs are bringing more money than expected. Peter Navarro explains how the past Presidents used tariffs. Trump says the interest rate should be around 1% .Bessent talks about revamping the Federal Reserve. The [DS] is trying its best to say that all the evidence against them is fake and made up. But this is what Trump and the patriots do, they have the [DS] push against it, and then they release more information. Trump has now asked Bondi to add [Schiff] and [HRC] to the investigation. No escape and no deals. Justice is coming and the [DS] knows it.   Economy If Canada Wasn't Taking Advantage of America, Why Did They Just Lose 40k Jobs to Trump's Tariffs?   according to Reuters, Canada's economy lost 40,800 jobs in July, seemingly belying the Democrat- and establishment media-promoted narrative that Trump's tariffs would upend a trade partnership in which prosperity and fairness prevailed for both the United States and its northern neighbor. In other words, if Canadians already treated Americans fairly, then why would tariffs have a negative impact on Canada? Michael Davenport, senior economist at Oxford Economics, noted a significant reversal from June, when Canada added 83,000 jobs. “Canada's labor market snapped back to reality in July,” Davenport said. In this case, “reality” hit hard thanks to Trump's tariffs on steel, aluminum, and autos. The Canadian manufacturing sector alone lost 10,000 jobs. Source: thegatewaypundit.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/ElectionWiz/status/1955606152039084332 https://twitter.com/KobeissiLetter/status/1955565223982842030 Trump Releases Video of Peter Navarro Explaining History Behind Tariffs President Donald Trump released a video of White House Senior Counselor for Trade and Manufacturing Peter Navarro explaining the history behind tariffs. In a post on Truth Social, Trump posted a video in which Navarro explained how people such as Alexander Hamilton and Henry Clay have advocated for tariffs throughout the history of the United States. Navarro noted how Hamilton believed that the U.S. “needed tariffs to defend its young industries from British domination.” “Trumpnomics' goal is not only to reduce America's trade deficit, it is to defend American workers and factories against unfair trade practices, while encouraging trillions of dollars in investment in new American plant and equipment,” Navarro says. “The policy is working for America, and no one should be surprised by this.”  Navarro continued to explain how Alexander Hamilton was the “original architect of American economic nationalism.” “In his report on manufacturers, Hamilton laid it out clearly,” Navarro continued. “United States needed tariffs to defend its young industries from British domination, and to secure true independence — not just politically, but economically. Hamilton knew that if America relied on foreign powers for manufactured goods, it would always be vulnerable.” “Decades later, Henry Clay carried Hamilton's vision forward,” Navarro continued.

On a trip to Washington, D.C., Bridget and Ryan take this question from Oliver in Illinois: Why do different countries use different currencies? There's the U.S. dollar, the Mexican peso and Japanese yen, just to name a few. This week, we'll explain why so many countries decided to make their own type of money. And we meet the ghost of Alexander Hamilton, who has an important money lesson to share … through song.

In July 1804, Aaron Burr faced political rival Alexander Hamilton on the cliffs of Weehawken, New Jersey, in a legendary duel that would change Burr's life forever. As a young man, Burr had distinguished himself as a patriot, lawyer and politician. But as his political star rose, he made many enemies. He challenged Thomas Jefferson, in the tumultuous Election of 1800, but his greatest rival was Jefferson's Treasury Secretary, Hamilton.After he shot and killed Hamilton, Burr's career was in shambles. But soon, he would hatch an audacious conspiracy to return to power – by forging his own empire.Be the first to know about Wondery's newest podcasts, curated recommendations, and more! Sign up now at https://wondery.fm/wonderynewsletterListen to American History Tellers on the Wondery App or wherever you get your podcasts. Experience all episodes ad-free and be the first to binge the newest season. Unlock exclusive early access by joining Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial today by visiting wondery.com/links/american-history-tellers/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The hot new networking opportunity… is playing a 200-year-old Chinese game: Mahjong.Tesla gave Elon the biggest bonus in human history… during the biggest drop in business history.The NY Post is expanding to California… but the iconic tabloid actually began with Alexander Hamilton.The untold origin story of… Hennessey Cognac.$TSLA $NWSA $LVMUYWant more business storytelling from us? Check out the latest episode of our new weekly deepdive show: The untold origin story of… “Hennessey

In this deeply compelling and eye-opening episode, we sat down with historian and viral TikTok creator Tad Stoermer, whose work dismantles the "Patriot Myth" and reimagines the American narrative. With a resume that includes Colonial Williamsburg, Johns Hopkins, Harvard, and a PhD in history, Tad is anything but your typical academic. We unpack how his journey from Capitol Hill to the classroom — and eventually to social media — led him to challenge everything he'd been taught about the founding of the United States. His powerful deconstruction of the sanitized version of history we've all been fed is nothing short of radical truth-telling. Tad's upcoming book, Resistance: A History of the United States, aims to reframe the American story through the lens of those who have fought back — often at great personal cost — in the name of equity and justice. In this episode, we dig into why real resistance isn't about fast wins, how joy itself can be an act of rebellion, and why he believes the stories we've erased are actually where the real American heroes live. Oh, and we talk about why Alexander Hamilton might've been, well, kind of an asshole. You'll laugh, you'll gasp, and you'll walk away changed. CONNECT WITH TAD:

Why do we do this to ourselves? Why can't we take the break? Why can't we take the hand that's being offered?

Join #McConnellCenter Director Dr. Gary Gregg for a discussion regarding the importance of The Federalist by Alexander Hamilton, James Madison, and John Jay. Links to resources referenced in the episode:  Purchase a copy of Reflection and Choice: The Federalists, the Anti-Federalists, and the Debate that Defined America.  Download our Reflection and Choice podcast series and accompanying reading guide.  About the host: An award-winning political science teacher and expert on the U.S. presidency, Gregg has written or edited several books, including Reflection and Choice and Securing Democracy: Why We Have an Electoral College.  About the podcast: We all know we need to read more and there are literally millions of books on shelves with new ones printed every day. How do we sort through all the possibilities to find the book that is just right for us now? Well, the McConnell Center is bringing authors and experts to inspire us to read impactful and entertaining books that might be on our shelves or in our e-readers, but which we haven't yet picked up. We hope you learn a lot in the following podcast and we hope you might be inspired to pick up one or more of the books we are highlighting this year at the University of Louisville's McConnell Center. Stay Connected Visit us at McConnellcenter.org Subscribe to our newsletter  Facebook: @mcconnellcenter Instagram: @ulmcenter  Twitter: @ULmCenter This podcast is a production of the McConnell Center 

For today's epic political trial, David talks to American historian and PPF regular Gary Gerstle about the treason trial of Aaron Burr in 1807. Why was Burr not put on trial for killing Alexander Hamilton in a duel? Was Burr really planning to invade Mexico or was it a set-up? Why was President Thomas Jefferson so determined to bring Burr down? Why was Supreme Court Chief Justice Thomas Marshall so determined to prevent that from happening? And why did being acquitted of treason still end Burr's career once and for all? For all the information about our autumn season of screenings and live recordings, 'Films of Ideas', and to book tickets, go to our website: https://www.ppfideas.com/events Next time in Politics on Trial: John Brown vs Slavery Learn more about your ad choices. Visit podcastchoices.com/adchoices

In Federalist 30, published in 1787, Alexander Hamilton explains the separation of powers as the executive branch having the power of the sword and the legislative branch having the power of the purse.  A functioning government needs to be able to enforce law and wage but also has to be able to raise and spend appropriate money.  This creates an incredibly effective check on both of those branches as one cannot function without the other.  To dive further into this special governmental check we are pleased to welcome back last week's guest Dr. Jon Schaff, Professor of Government/Director of the Center for Public History and Civic Engagement at Northern University in South Dakota.

John Taylor smacked down Chief Justice John Marshall - who followed Alexander Hamilton's playbook to twist the meaning of words - like the necessary and proper clause - to support a national bank. Taylor called it “construction,” and saw a catastrophe coming. He was no mere critic. He was prophetic. The post Supreme Court Power Grab! How Judges Stole Your Constitution first appeared on Tenth Amendment Center.

Along with looking at the legal and political issues around obsession with Jeffrey Epstein, political scientist Adam Carrington looks at the Christian faith of American founder Alexander Hamilton who died this month in 1804.  Actor Max McLean of the Fellowship for Performing Arts talks about bringing C.S. Lewis' "The Screwtape Letters" to the stage.   Faith Radio podcasts are made possible by your support. Give now: Click here

On Friday's Mark Levin Show, Stephen Colbert's show was cancelled because they were losing millions of dollars a year, it had nothing to do with President Trump. Colbert and his late-night pals destroyed late night comedy by making it overly political and monotonous, rather than focusing on laughter as people seek escape from politics. Past great comedians like Jay Leno, Johnny Carson, and Steve Allen built this genre professionally and these hosts have exploited and ruined it. Also, America First Legal revealed emails showing Biden DOJ and White House coordination on Merrick Garland's 2021 memo directing FBI to address “threats” from parents protesting school policies on COVID, CRT, and transgender issues. The DOJ sought a federal hook despite internal warnings of First Amendment protections and no federal jurisdiction. Emails undermine Garland's independence claims. They coordinated, lied about it and nobody will be held to account. In addition, declassified documents from DNI Tulsi Gabbard reveal the Obama administration politicized intelligence to fabricate a Russian interference narrative in the 2016 election, despite IC reports showing no cyber impact on outcomes, only minor psychological efforts. This laid groundwork for the Trump-Russia probe, involving officials like Clapper, Brennan, Rice, Kerry, Lynch, and McCabe, culminating in a Dec 9 White House meeting and new IC assessment per Obama. We always knew this was corrupt. Later, Alexander Hamilton's views on liberty and government differed with those of Jefferson and Madison. Hamilton's modern appeal among centralized power advocates, as seen in the Broadway musical's popularity with elites and academics. Hamilton proposed lifetime terms for the executive and one legislative branch at the Convention, an idea rejected. Raoul Berger's book critiques implied powers as abusive, emphasizing the Constitution's intent to restrict federal authority and protect state residuary powers. Hamilton in Federalist No. 33 reassured states on the "necessary and proper" clause as means to execute delegated powers only, per Madison and ratification understandings. Afterward, NYC Mayoral candidate Curtis Sliwa calls in with an update on his campaign against Zohran Mamdani, Eric Adams and Andrew Cuomo. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It's often said that we're living in historic times. Historic threats to democracy and historic turning points for our nation. Yale professor Joanne Freeman joins David Rothkopf to take a look back and the early days of the United States to titanic figures like Thomas Jefferson and Alexander Hamilton to explore just how novel our current moment is and how we can draw inspiration from the past to fight for the future.  Learn more about your ad choices. Visit megaphone.fm/adchoices

It's often said that we're living in historic times. Historic threats to democracy and historic turning points for our nation. Yale professor Joanne Freeman joins David Rothkopf to take a look back and the early days of the United States to titanic figures like Thomas Jefferson and Alexander Hamilton to explore just how novel our current moment is and how we can draw inspiration from the past to fight for the future.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This Day in Legal History: Residence ActOn July 16, 1790, the U.S. Congress passed the Residence Act, establishing the District of Columbia as the permanent seat of the federal government. The decision was the product of a political compromise between Alexander Hamilton and Thomas Jefferson, brokered in part by James Madison, whereby southern states would support federal assumption of state debts in exchange for locating the capital along the Potomac River. The land for the new district was ceded by both Maryland and Virginia, and the Constitution allowed for a federal district not exceeding ten miles square. President George Washington personally selected the site, which straddled the Potomac and included portions of Alexandria and Georgetown.Pierre Charles L'Enfant was tasked with designing the city's layout, envisioning broad avenues and grand public spaces to reflect the dignity of the new republic. In the early years, however, Washington, D.C. remained underdeveloped and muddy, with many of the federal buildings still under construction. Over time, most major institutions and monuments were built on the Maryland side of the river, causing concern among residents on the Virginia side. In 1846, responding to economic neglect and the declining significance of Alexandria as a port, Congress approved Virginia's request to retrocede its portion of the district. This land, now Arlington County and part of the city of Alexandria, rejoined Virginia, reducing the size of D.C. to its current boundaries.The Residence Act and subsequent development of Washington, D.C. created a unique legal and political entity—neither a state nor part of one. This status continues to affect the rights and representation of its residents, a legal debate that remains active today.An $8 billion shareholder lawsuit against Meta CEO Mark Zuckerberg and other current and former company leaders began this week in Delaware's Chancery Court, focusing on alleged failures to uphold Facebook's 2012 privacy agreement with the Federal Trade Commission (FTC). The plaintiffs argue that Zuckerberg, Sheryl Sandberg, Peter Thiel, Marc Andreessen, Reed Hastings, and others knowingly allowed Facebook user data to be harvested—specifically in relation to the Cambridge Analytica scandal that surfaced in 2018. That breach led to a record $5 billion FTC fine, which shareholders now want the defendants to personally reimburse, along with additional legal costs.The trial, presided over by Chief Judge Kathaleen McCormick, will feature testimony from several high-profile witnesses, including White House Chief of Staff Jeffrey Zients, who served on Meta's board from 2018 to 2020. Plaintiffs claim Zuckerberg profited by selling Facebook stock before the public learned of the data misuse, allegedly netting over $1 billion. Defendants deny all wrongdoing, maintaining they relied on compliance experts and were misled by Cambridge Analytica.This is the first oversight liability case of its kind to reach trial, a notoriously difficult claim under Delaware corporate law. Meta itself is not named as a defendant, and the company has declined to comment, though it has previously stated it has invested heavily in privacy protections since 2019.Facebook privacy practices the focus of $8 billion trial targeting Zuckerberg | ReutersKilmar Abrego, a Salvadoran migrant wrongly deported from the U.S. despite legal protections, is scheduled to appear in a Tennessee federal court on smuggling charges, though the future of his case remains murky. Abrego had been living legally in Maryland with a work permit and was protected by a 2019 court order barring deportation to El Salvador due to threats of gang violence. Nonetheless, he was deported in March and imprisoned there before being returned to the U.S. after federal prosecutors indicted him for allegedly participating in a human smuggling operation.He has pleaded not guilty, and his lawyers claim the charges are politically motivated—a cover for the Trump administration's mishandling of his case. They also challenge the credibility of prosecution witnesses, who are alleged co-conspirators seeking to avoid their own deportation or charges. A magistrate judge ordered Abrego released on bail, but prosecutors are appealing, arguing he poses a flight risk and should remain detained. Even if released from criminal custody, immigration officials have said they plan to detain him immediately for possible deportation.Judge Waverly Crenshaw is expected to hear arguments and potentially rule on his bail status. Abrego's attorneys have asked to delay any release until Wednesday to prevent sudden removal before he can challenge deportation. The administration has signaled it may try to deport him to a third country—possibly Mexico or South Sudan—instead of El Salvador. His case has become emblematic of broader concerns over due process in the Trump administration's aggressive immigration enforcement agenda.Returned deportee Abrego due in Tennessee court; future of smuggling case uncertain | ReutersMilbank, a prominent New York-based law firm, is representing the cities of Newark and Hoboken in a lawsuit brought by President Donald Trump's administration over their immigration policies. The federal suit, filed in May, accuses the cities of obstructing immigration enforcement by acting as “sanctuary jurisdictions.” Milbank's defense team includes notable figures like former acting U.S. Solicitor General Neal Katyal and ex-New Jersey Attorney General Gurbir Grewal, now both partners at the firm.Milbank's involvement in the case comes just months after it agreed to a deal with the Trump administration to avoid being targeted by executive orders aimed at major law firms. Trump had accused those firms of politicizing legal work and using racial diversity initiatives improperly. In response, several firms—including Milbank—committed to providing nearly $1 billion in pro bono legal services to mutually agreed-upon causes. Milbank set aside $100 million as part of its agreement, though it was not formally sanctioned.Despite that arrangement, Milbank has taken on multiple high-profile cases opposing the Trump administration. In addition to defending Newark and Hoboken, Katyal is leading two other cases challenging Trump policies, including import tariffs and alleged wrongful termination of a federal board member. The firm's role in these cases highlights its continued legal pushback against the administration, even while navigating its negotiated settlement with the White House.Law firm Milbank defends NJ cities in Trump immigration lawsuit | ReutersA piece I wrote for Inside Higher Ed this week argues that tax policy deserves a central place in the undergraduate liberal arts curriculum—not as a technical specialty but as a cornerstone of civic education. I open by reflecting on the tax legislation passed under President Trump, that is the One Big Beautiful Bill Act, noting how its complexity served political ends by shielding its full implications from public understanding. That opacity, I suggest, is not accidental—and it's exactly why we need to teach tax more broadly.In my course at Drexel University, “Introduction to Tax Theory and Policy,” I approach tax not as accounting or law but as a form of civic infrastructure. The course welcomes students from all majors, encouraging them to think about taxation in terms of fairness, power, and values. We explore how tax policy shapes economic behavior, redistributes resources, and reflects assumptions about what and whom government should support. Students analyze topics ranging from estate taxes to digital surveillance and propose their own reforms grounded in ethical and civic reasoning.By demystifying the tax code and framing it as a site of public decision-making, I aim to empower students to see themselves not just as subjects of tax policy but as potential shapers of it. Their engagement—often surprisingly enthusiastic—reveals a hunger for this kind of critical, values-based education. Ultimately, I argue that tax belongs in the liberal arts because it teaches students not just how the world works, but how it's been made to work—and how it could be remade more equitably.Tax Policy Belongs in Liberal Arts Curriculum (opinion) This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Russillo is joined by Ron Chernow to dive deep into his new book, ‘Mark Twain'. Plus, they discuss why Twain's life made for an interesting story, his struggles throughout his life, and even touch on other historical figures like Alexander Hamilton. Check us out on YouTube for exclusive clips, livestreams, and more at https://www.youtube.com/@RyenRussilloPodcast. The Ringer is committed to responsible gaming. Please visit www.rg-help.com to learn more about the resources and helplines available. Host: Ryen Russillo Guest: Ron Chernow Producers: Steve Ceruti, Kyle Crichton, Mike Wargon, and Jonathan Frias This episode is presented by State Farm®. Dishing the assists you need off the court. State Farm® with the Assist. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is the full show for July 11, 2025. We ask the American Mamas who loves them more, their parents or their spouses. We Dig Deep in LA's money problems after defunding the police department. Plus, it's Fake News Friday! And we finish off with a duel that will make you say, "Whoa!" 

The lives of these men are essential to understanding the American form of government and our ideals of liberty. The Founding Fathers all played key roles in the securing of American independence from Great Britain and in the creation of the government of the United States of America.See omnystudio.com/listener for privacy information.

Back on this day in 1804 Vice President Aaron Burr shot Alexander Hamilton. The two were political rivals and agreed to a duel, Hamilton died one say later. 

Dive into a captivating journey through history with this week's episode, covering significant events from July 6th to 12th. Explore the 250th anniversary of the American Revolution, the establishment of the U.S. dollar, and the first Major League Baseball All-Star Game. Learn about pivotal moments like Anne Frank's family going into hiding, the first open heart surgery by Dr. Daniel Hale Williams, and the Scopes Monkey Trial. From the Battle of Britain to the duel between Aaron Burr and Alexander Hamilton, this episode uncovers fascinating stories that shaped the world.

Ron Chernow is a Pulitzer Prize-winning biographer whose work has deepened our understanding of the men who made history in America, and even inspired Lin Manuel Miranda to write his musical about Alexander Hamilton. In this episode, he and Adam discuss Ron's new book on Mark Twain, analyze what fuels outsized accomplishments, and dig into what it takes to uncover new insights into the lives of historical figures.FollowHost: Adam Grant (Instagram: @adamgrant | LinkedIn: @adammgrant | Website: adamgrant.net/)Guest: Ron Chernow (Website: ronchernow.com/) LinksMark Twain by Ron Chernow Alexander Hamilton by Ron ChernowSubscribe to TED Instagram: @tedYouTube: @TEDTikTok: @tedtoksLinkedIn: @ted-conferencesWebsite: ted.comPodcasts: ted.com/podcastsFor the full text transcript, visit ted.com/podcasts/worklife/worklife-with-adam-grant-transcriptsWant to help shape TED's shows going forward? Fill out our survey!Learn more about TED Next at ted.com/futureyouFor the Idea Search application, go to ted.com/ideasearch Hosted on Acast. See acast.com/privacy for more information.

Ron Chernow is a Pulitzer Prize-winning biographer whose work has deepened our understanding of the men who made history in America, and even inspired Lin Manuel Miranda to write his musical about Alexander Hamilton. In this episode, he and Adam discuss Ron's new book on Mark Twain, analyze what fuels outsized accomplishments, and dig into what it takes to uncover new insights into the lives of historical figures.FollowHost: Adam Grant (Instagram: @adamgrant | LinkedIn: @adammgrant | Website: adamgrant.net/) Guest: Ron Chernow (Website: ronchernow.com/) LinksMark Twain by Ron Chernow Alexander Hamilton by Ron ChernowSubscribe to TED Instagram: @tedYouTube: @TEDTikTok: @tedtoksLinkedIn: @ted-conferencesWebsite: ted.comPodcasts: ted.com/podcastsFor the full text transcript, visit ted.com/podcasts/rethinking-with-adam-grant-transcriptsWant to help shape TED's shows going forward? Fill out our survey!For the Idea Search application, go to ted.com/ideasearch Hosted on Acast. See acast.com/privacy for more information.

We're halfway through 2025, so let's rate every show Lindsey has seen this year from Broadway and Off-Broadway, including some favorites (and not so favorites) BOOP, Maybe Happy Ending, Smash, Death Becomes Her, Operation Mincemeat, and so many more! Website: www.fromthemezzanine.comPatreon: Click HERE to become a Broadway Bestie TikTok: @FromTheMezzanineBroadwayInstagram: @FromTheMezzanineBroadwayYoutube: @FromtheMezzanineBroadwayBroadway Spotify Playlist: https://open.spotify.com/playlist/5t55fULcCqN0NMmK4OnfOA?si=89c08b1a8bb34d95

The Hamilton Recast - With Disney Characters We hope you've had a wonderful, safe & festive 4th of July Weekend. We celebrated, for the 5th year straight, by rewatching our favorite patriotic musical on Disney+. Of course, we're talking about Hamilton. While experiencing this phenomenal piece of art, we thought, what would it be like if some of our favorite characters were placed in the key roles of this show? And that led us to this week's main topic which we've titled The Hamilton Recast - With Disney Characters. With so many fantastic personalities both in this show and in Disney's catalog, there were a lot of ways we could go with this. Listen and see who we settled on to play the likes of the Schuyler Sisters, George Washington, Aaron Burr and, of course, Alexander Hamilton. See if you agree with our selections or if you have ideas for someone different in these roles. Disney Stories of the Week Once we complete The Hamilton Recast - With Disney Characters portion of the show, it's time for the Disney Stories of the Week. In this episode, we tell you when you may get the chance to get an early preview of Test Track 3.0. We also share who will be rocking the stage at this years EPCOT International Food & Wine Festival. And we tell you about an upcoming tour for one of our favorite Disney Princesses; Tiana. You'll also get this week's Lin-Manuel Miranda tidbit as we continue our journey through "The Year of Lin"! Better yet, it's right in the middle of The Hamilton Recast portion of the show and it's done by Michelle. (Who we all know has the best #YearOfLin segments) Certainly, that's not all. As always, we wrap it all up with tips that might help you on your next Disney vacation.   If you have any comments, questions, or requests to cover a particular topic, please feel free to Contact Us!   We also invite you to join the positive fun in our HyperionAdventurers Facebook Group as well as our HyperionMornings on YouTube for a daily dose of live positive chat!   In case you're looking to take a magical trip, be sure to visit our favorite Authorized Disney Vacation Planner. Nate with Main Street and More Travel will give you concierge-level service planning for your next vacation. Be sure to tell him, “Tom & Michelle sent me!”   Thanks for listening! Cheers!  

Subscribe to The Best Idea Yet here: https://wondery.com/links/the-best-idea-yet/In 2008, Lin-Manuel Miranda badly needed a vacation. He'd just won the Tony for his musical “In The Heights,” he'd been going nonstop. So he took a break, bringing a book with him for poolside lounging: the 800-page biography of America's first treasury secretary, Alexander Hamilton. But what started as a light beach read soon became an obsession. Lin HAD to bring this man's incredible life to the stage. Thus began an epic journey: from the White House, to Lincoln Center, to (eventually) Broadway. “Hamilton” became a massive success, scoring a record 16 Tony noms, the Pulitzer Prize, and $1B+ in revenue. But along the way, Lin and his team had to reckon with a problem: when your show about democracy becomes too exclusive, how do you bring it back to the people? Find out how Ham4Ham broke the B'way mold, how a streaming deal with Disney+ set the stage for Taylor Swift, and why “Hamilton” is the best idea yet. Subscribe to The Best Idea Yet for the untold origin stories of the products you're obsessed with — and the bold risk takers who made them go viral.Episodes drop every Tuesday, listen here: https://wondery.com/links/the-best-idea-yet/—-----------------------------------------------------GET ON THE POD: Submit a shoutout or fact: https://tboypod.com/shoutouts FOR MORE NICK & JACK: Newsletter: https://tboypod.com/newsletter Connect with Nick: https://www.linkedin.com/in/nicolas-martell/ Connect with Jack: https://www.linkedin.com/in/jack-crivici-kramer/ SOCIALS:Instagram: https://www.instagram.com/tboypod TikTok: https://www.tiktok.com/@tboypodYouTube: https://www.youtube.com/@tboypod Anything else: https://tboypod.com/ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What was Hamilton most famous for? How did Hamilton die? How much of the musical, Hamilton was true? Have you started your FREE TRIAL of Who Smarted?+ for AD FREE listening, an EXTRA episode every week & bonus content? Sign up right in the Apple app, or directly at WhoSmarted.com and find out why more than 1,000 families are LOVING their subscription! Get official Who Smarted? Merch: tee-shirts, mugs, hoodies and more, at Who Smarted?

The man whose portrait appears on the $10 bill lived an extraordinary life, but not without controversy and conflict.In this 1999 interview biographer Richard Brookhiser discusses his book Alexander Hamilton: American.Get your copy of Alexander Hamilton: American by Richard BrookhiserAs an Amazon Associate, Now I've Heard Everything earns from qualifying purchases.You may also enjoy my interviews with Kevin Phillips and Eric Foner For more vintage interviews with celebrities, leaders, and influencers, subscribe to Now I've Heard Everything on Spotify, Apple Podcasts. and now on YouTubePhoto by Miller Center#Alexander Hamilton #Founding fathers #1776 #Aaron Burr

Welcome!

For a special Independence Day episode, our Head of Corporate Credit Research considers a popular topic of debate, on holidays or otherwise – national debt.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley.Today on a special Independence Day episode of the podcast, we're going to talk a bit about the history of U.S. debt and the contrast between corporate and federal debt trajectories.It's Thursday, July 3rd at 9am in Seattle.The 4th of July, which represents the U.S. declaring independence from Great Britain, remains one of my favorite holidays. A time to gather with friends and family and celebrate what America is – and what it can still be.It is also, of course, a good excuse to talk about debt.Declaring independence is one thing, but fighting and beating the largest empire in the world at the time would take more than poetic words. The borrowing that made victory possible for the colonies also almost brought them down in the 1780s under a pile of unsustainable debt. It was a young treasury secretary Alexander Hamilton, who successfully lobbied to bring these debts under a federal umbrella – binding the nation together and securing a lower borrowing cost. As we'd say, it's a real fixed income win-win.Almost 250 years later, the benefits of that foresight are still going strong, with the United States of America enjoying the world's largest economy, and the largest and most liquid equity and bond markets. Yet lately there's been more focus on whether those bond markets are, well, too large.The U.S. currently runs a budget deficit of about 7 percent of GDP, and the current budget proposals in the house and the Senate could drive an additional 4 trillion of borrowing over the next decade above that already hefty baseline. Forecast even further out, well, they look even more challenging.We are not worried about the U.S. government's ability to pay its bills. And to be clear, in the near term, we are forecasting at Morgan Stanley, U.S. government yields to go down as growth slows and the Federal Reserve cuts rates more than expected in 2026. But all of this borrowing and all the uncertainty around it – it should increase risk premiums for longer term bonds and drive a steeper yield curve.So, it's notable then – as we celebrate America's birthday and discuss its borrowing – that it's really companies that are currently unwrapping the presents. Corporate balance sheets, in contrast, are in very good shape, as corporate borrowing trends have diverged from those of the government.Many factors are behind this. Corporate profitability is strong. Companies use the post-COVID period to refinance debt at attractive rates. And the ongoing uncertainty – well, it's kept management more conservative than they would otherwise be. Out of deference to the 4th of July, I've focused so far on the United States. But we see the same trend in Europe, where more conservative balance sheet trends and less relative issuance to governments is showing up on a year-over-year basis. With companies borrowing relatively less and governments borrowing relatively more, the difference between what companies and the government pay, that so-called spread that we talk so much about – well, we think it can stay lower and more compressed than it otherwise would.We don't think this necessarily applies to the low ratings such as single B or lower borrowers, where these better balance sheet trends simply aren't as clear. But overall, a divergent trend between corporate and government balance sheets is giving corporate bond investors something additional to celebrate over the weekend.Thank you as always for your time. If you find Thoughts on the Market useful, let us know by leaving a review wherever you listen, and also tell a friend or colleague about us today.

In this week's episode of The Learning Curve, co-hosts Alisha Searcy and Massachusetts civics teacher Kelley Brown interview Pulitzer Prize-winning historian Jack Rakove, Coe Professor Emeritus at Stanford University. Prof. Rakove explores the origins of the American Revolution and U.S. Constitution through the lives of the nation's Founding Era figures. Reflecting on young John Adams' vivid depiction of his schoolhouse in colonial Massachusetts, Rakove offers context for the political and social landscape of the 18th-century America. He discusses the central constitutional dispute between the British Parliament and the American colonies over political authority, which escalated after the Stamp Act crisis and the Boston Tea Party. Prof. Rakove traces the emergence of the Continental Congress as a revolutionary governing body and its role in declaring independence. He also shares the moral contradictions of liberty in a society dependent on slavery and explains how internal debates over slavery shaped politics within the Continental Congress. Additionally, Prof. Rakove highlights the contributions of Alexander Hamilton and James Madison in building a durable federal constitutional system and explains Madison's critical role in drafting the Bill of Rights. He closes with a reading from Revolutionaries: A New History of the Invention of America.

Why does this keep happening?! We have more Broadway closings this week which hurts my heart - but first!!! Let's celebrate 3 YEARS OF FROM THE MEZZANINE!!! Thank you to the Broadway Besties for your endless support! In Broadway News: 

This is Part 2! For Part 1, check the feed!This week we are trawling the archives for scandals! (And let's attempt this episode description in true tabloid fashion). Hear all about Lord Byron's saucy behaviour! The blackmail of Alexander Hamilton! And (one of the all-time great scandals) you simply won't believe the Profumo affair!And this week we're asking: how on earth did anyone ever travel anywhere more than 50 years ago? And we're also asking for more contributions to our hit new feature ‘COULD YOU BE ARSED THOUGH'? And also…PLEASE SEND US YOUR QUAINT LOCAL ATTRACTIONS! (With a pic of the leaflet if possible).Please email them in here: hello@ohwhatatime.comIf you fancy a bunch of OWAT content you've never heard before, why not treat yourself and become an Oh What A Time: FULL TIMER?Up for grabs is:- two bonus episodes every month!- ad-free listening- episodes a week ahead of everyone else- And much moreSubscriptions are available via AnotherSlice and Wondery +. For all the links head to: ohwhatatime.comYou can also follow us on: X (formerly Twitter) at @ohwhatatimepodAnd Instagram at @ohwhatatimepodAaannnd if you like it, why not drop us a review in your podcast app of choice?Thank you to Dan Evans for the artwork (idrawforfood.co.uk).Chris, Elis and Tom xSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week we are trawling the archives for scandals! (And let's attempt this episode description in true tabloid fashion). Hear all about Lord Byron's saucy behaviour! The blackmail of Alexander Hamilton! And (one of the all-time great scandals) you simply won't believe the Profumo affair!And this week we're asking: how on earth did anyone ever travel anywhere more than 50 years ago? And we're also asking for more contributions to our hit new feature ‘COULD YOU BE ARSED THOUGH'? And also…PLEASE SEND US YOUR QUAINT LOCAL ATTRACTIONS! (With a pic of the leaflet if possible).Please email them in here: hello@ohwhatatime.comIf you fancy a bunch of OWAT content you've never heard before, why not treat yourself and become an Oh What A Time: FULL TIMER?Up for grabs is:- two bonus episodes every month!- ad-free listening- episodes a week ahead of everyone else- And much moreSubscriptions are available via AnotherSlice and Wondery +. For all the links head to: ohwhatatime.comYou can also follow us on: X (formerly Twitter) at @ohwhatatimepodAnd Instagram at @ohwhatatimepodAaannnd if you like it, why not drop us a review in your podcast app of choice?Thank you to Dan Evans for the artwork (idrawforfood.co.uk).Chris, Elis and Tom xSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On Friday's Mark Levin Show, there's the horseshoe theory against Israel on Iran, which says that the radical left and right political ideologies, such as radical leftists (e.g., Communists, Islamists) and far-right groups (e.g., Klansmen, white supremacists, neo-Nazis, isolationists), converge in their views and actions, forming an alliance despite apparent differences. That's why we see Bernie Sanders agree with Chatsworth Qatarlson (Tucker Carlson) and Steve Bannon. Bannon claims Mark Levin, Sean Hannity, Kayleigh McEnany, and Fox News should be investigated for supporting Israel. One would think he would be careful about saying who should be investigated after his past. Matt Gaetz is back saying that Israel doesn't allow Arabs to vote, which is a flat-out lie.  As time goes on these people all reveal themselves as the crazy people they are with no loyalty to President Trump or MAGA. Also, Trump is a historic figure leading efforts to counter Iran's nuclear ambitions. Israel's military actions, including destroying Iranian radar and weakening their defenses, make it easier for U.S. or Israeli forces to strike nuclear sites like Fordo. Americans are not warmongers or neo-cons. The American public supports these actions, rejects isolationism, and opposes being labeled warmongers by “fake MAGA” critics. Later, Gov Ron DeSantis calls in to explain Florida's efforts to evacuate Americans in Israel. The state evacuated 1,500 people, including college students and families, with two planeloads of 160-170 passengers already returned to Tampa. He emphasized the emotional relief of families, particularly those with young children, and Florida's commitment to continue the mission, utilizing resources like cruise ships to Cyprus for safe transport. DeSantis also discusses his push to reform property taxes in Florida, focusing on exempting primary residences (homesteaded properties) from property taxes. Homeowners don't truly own their homes if they must continuously pay property taxes, as failure to pay could result in government seizure. Finally, Alexander Hamilton's view of liberty and government contrasted sharply with that of Thomas Jefferson and James Madison, favoring a stronger, more centralized federal authority. While Madison, in Federalist No. 45, emphasized that the Constitution granted the federal government limited, defined powers—primarily over external affairs like war and foreign commerce—leaving broad authority to the states, Hamilton advocated for a more robust national government. At the Constitutional Convention, he proposed a powerful executive and legislature with lifelong terms, reflecting his preference for centralized control, though these ideas were swiftly rejected. Despite his role in co-authoring the Federalist Papers to support the Constitution's ratification, Hamilton's vision aligns with modern proponents of an activist government, contributing to his popularity among contemporary elites in media, politics, and academia, as evidenced by Hamilton the musical. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Mark Twain didn't just write American classics, he lived one of the most powerful personal transformations in history. In Part 2 of this conversation, Pulitzer Prize-winning biographer Ron Chernow returns to join Ryan for a deep dive into Twain's remarkable moral evolution. They discuss how Twain's journey mirrors those of Ulysses S. Grant and John D. Rockefeller, reflect on the tragic cost of chasing fortune over purpose, and explore what makes a biography timeless and a life unforgettable.Plus, a special moment: Ryan's 8-year-old son jumps in to ask Ron about Hamilton, his favorite musical.Ron Chernow is the prizewinning author of seven previous books and the recipient of the 2015 National Humanities Medal. His first book, The House of Morgan, won the National Book Award, Washington: A Life won the Pulitzer Prize for Biography, and Alexander Hamilton—the inspiration for the Broadway musical—won the George Washington Book Prize. He has twice been a finalist for the National Book Critics Circle Award and is one of only three living biographers to have won the Gold Medal for Biography of the American Academy of Arts and Letters. Ron's latest book is on the fascinating and complex life of American writer Mark Twain. Follow Ron Chernow on Instagram: @RonChernow

Brilliance without emotional control is often a recipe for destruction. In this episode, Ryan sits down with Pulitzer Prize-winning biographer Ron Chernow, whose acclaimed biographies on Alexander Hamilton, George Washington, Ulysses S. Grant, John D. Rockefeller, and most recently, Mark Twain have reshaped our understanding of American greatness. Ron and Ryan talk about how these men's deepest personal struggles and their ability to manage emotion became the defining factor in their lives and legacies.Ron Chernow is the prizewinning author of seven previous books and the recipient of the 2015 National Humanities Medal. His first book, The House of Morgan, won the National Book Award, Washington: A Life won the Pulitzer Prize for Biography, and Alexander Hamilton—the inspiration for the Broadway musical—won the George Washington Book Prize. He has twice been a finalist for the National Book Critics Circle Award and is one of only three living biographers to have won the Gold Medal for Biography of the American Academy of Arts and Letters. Ron's latest book is on the fascinating and complex life of American writer Mark Twain. Follow Ron on Instagram: @RonChernow

On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan introduce the course "The Federalist." In a republic, every citizen has a duty to understand their government. The Federalist is the greatest exposition of representative government and the institutional structure of the Constitution. It explains how the Constitution established a government strong enough to secure the rights of citizens and safe enough to wield that power. This course will examine how Publius understood human nature and good government, and why he argued that the only true safeguard of liberty lies in the vigilance of the American people. Alexander Hamilton, James Madison, and John Jay wrote The Federalist to urge ratification of the Constitution and teach the principles of good government.See omnystudio.com/listener for privacy information.

On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan introduce the course "The Federalist." In a republic, every citizen has a duty to understand their government. The Federalist is the greatest exposition of representative government and the institutional structure of the Constitution. It explains how the Constitution established a government strong enough to secure the rights of citizens and safe enough to wield that power. This course will examine how Publius understood human nature and good government, and why he argued that the only true safeguard of liberty lies in the vigilance of the American people. Alexander Hamilton, James Madison, and John Jay wrote The Federalist to urge ratification of the Constitution and teach the principles of good government.See omnystudio.com/listener for privacy information.

Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement.  Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”.  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai  Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education.   Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com   Russell Gray  1:54   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:10   Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen.   I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray.   Russell Gray  3:19   yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video.    Keith Weinhold  3:24   Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point.   Russell Gray 1  3:55    I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down.   Keith Weinhold  6:13   One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that.   Russell Gray 7:09   That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to.    Keith Weinhold  12:46   And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century.   Russell Gray  13:11   I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article   Keith Weinhold  15:38   fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago.    Russell Gray  15:45   I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks.   Keith Weinhold  20:12   Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods.   Russell Gray  20:56   What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers.    Keith Weinhold  25:30   It's almost if that could happen price in theUnited States of America, right?    Russell Gray  25:36   And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there.    Keith Weinhold  26:13   Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945   Russell Gray  26:32   Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out.   Keith Weinhold  29:44   Some credence to this. Yes, yeah, so. But with that said,   Russell Gray  29:47   you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure,   Keith Weinhold  32:23   there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time, in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing. Check it out. Text family, 266, 866, to learn about freedom family investments, liquidity fund again. Text family, 266, 866,   Garrett Sutton  34:36   hi. This is Rich Dad advisor, Garrett Sutton. You're listening to the always valuable. Get rich education with Keith Weinhold, don't quit your Daydream.    Keith Weinhold  34:52   Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100%   Russell Gray  35:36   it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's   Keith Weinhold  40:07   a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism.   Russell Gray  41:04   I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right?   Keith Weinhold  45:56   And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there?   Russell Gray  46:54   Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst.   Keith Weinhold  51:29   Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that?   Russell Gray  52:31   I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people.   Keith Weinhold  53:00   Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith.   Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream.   Speaker 3  55:13   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Keith Weinhold  55:36   You know whatever you want, the best written real estate and finance info. Oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 66866, while it's on your mind, take a moment to do it right now. Text, GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

This week on the Mark Levin Show, open borders, radicalized college campuses, and biased media drive cultural decay in the U.S. Unvetted immigration from conflict zones, homegrown terrorism fueled by media misrepresentation, and Marxist indoctrination in universities are key issues. A Marxist allegedly killed two people in D.C. weeks ago and now an Egyptian illegal immigrant allegedly tried to kill people protesting Hamas in Boulder, Colorado, with Molotov cocktails. Biden's policies worsened these problems, and outlets like CNN and the New York Times spread Hamas propaganda, such as false claims of Israeli attacks. The United States is among the most religiously tolerant nations, with the Constitution ensuring freedoms for all, regardless of beliefs. Faith acts as a moral foundation, moderating behavior and fostering societal civility, even influencing non-believers through surrounding values. Christianity does not seek political control, in contrast to political Islam, which aims for centralized authority over society and government. Without an enlightenment embracing individual liberty, Islam's dominant establishment often supports Islamism, which clashes with Western values. Importing such ideologies into the U.S. may lead to resistance against assimilation, as seen in parts of Europe and emerging in America. An Egyptian national, illegally in the U.S. after overstaying a tourist visa, allegedly attacked Jewish Americans, including a Holocaust survivor, in Boulder, Colorado. The Biden administration's lax vetting and work permit issuance enabled this incident. How many people do we have like this in America? Mark contrasts Alexander Hamilton's vision of a strong central government with Jefferson and Madison's preference for limited federal power and strong state authority. Hamilton's ideas, like a lifelong executive and senators, were rejected by most framers, who favored state-centric governance, as Madison emphasized in Federalist 45. Hamilton's support for implied powers (Federalist 33) appeals to modern advocates of activist government. Elon Musk's push for spending cuts right now is nonsensical. Tax cuts are urgently needed to boost the economy and help Republicans maintain control during the midterms. Yes, spending is out of control but addressing it all at once is challenging. The Convention of States movement is a vital, under-discussed solution to institutionally fix congressional dysfunction, with frustration over Musk and others' lack of support or mention of this critical initiative for long-term conservative fiscal reform. Democrats are misrepresenting the bill's effects, exaggerating economic harm, and overlooking their own $2 trillion Inflation Reduction Act. Also, a nuclear deal proposal offered to Iran was rejected by Supreme Leader Ayatollah Ali Khamenei. The deal required Iran to stop uranium enrichment. Iran's firm rejection may lead to consequences from President Trump if their stance continues. A Chinese couple were charged with smuggling a biological pathogen into the U.S. Communist China is trying to poison us and kill our crops. This is what happens when you have open borders and democrats. Meanwhile, Arizona Governor Katie Hobbs vetoed a bill limiting Chinese land ownership near military bases. Some Democrats are special pleaders for the enemy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On Tuesday's Mark Levin Show, an Egyptian national, illegally in the U.S. allegedly attacked Jewish Americans, including a Holocaust survivor, in Boulder, Colorado.  The Biden administration's lax vetting and work permit issuance enabled this incident. How many people do we have like this in America? Immigration should benefit American citizens, who decide who enters and why. Immigrants must respect and contribute to the country or leave. It's not for importing Islamists, Marxists, criminals, spies, or anti-Semites.  Also, several questions come to mind on the published reports of an Iran deal. How do we know the Iranians will reveal all enrichment sites and enriched material to this consortium?  Will we have access to their country to inspect anywhere we wish?  Won't the Iranians play along for a few years and then, after the initial period and after the Trump presidency is over, thumb its nose at the world and breakout?  Later, Sen Ted Cruz calls in to discuss the Democrats and federal judges who hare undermining the Constitution and the rule of law. Democrats are supporting lawless rouge judges who issue nationwide injunctions to block the Trump administration's agenda. He also criticizes Democrats for hypocrisy, pointing to their silence when mobs protested at Supreme Court justices' homes and their attacks on justices like Clarence Thomas and Samuel Alito. Afterwards, Mark contrasts Alexander Hamilton's vision of a strong central government with Jefferson and Madison's preference for limited federal power and strong state authority. Hamilton's ideas, like a lifelong executive and senators, were rejected by most framers, who favored state-centric governance, as Madison emphasized in Federalist 45. Hamilton's support for implied powers (Federalist 33) appeals to modern advocates of activist government.  Finally, Miranda Devine calls in to discuss Anthony Bernal, Jill Biden's chief of staff, who played a role in concealing Joe Biden's cognitive decline during his presidency. Described as Jill's “work husband,” Bernal is portrayed as a powerful, behind-the-scenes figure who wielded enormous influence in the White House. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Merriam-Webster's Word of the Day for June 3, 2025 is: tutelage • TOO-tuh-lij • noun Tutelage is a formal word that refers to the instruction or guidance especially of an individual student by a teacher. Tutelage may also refer to an act or process of serving as guardian or protector. // Under the tutelage of his high school swim coach, Luis has greatly improved his times at meets. // The company is relying on the expert tutelage of its new director to increase profits. See the entry > Examples: "[Hercules] Mulligan helped with [Alexander] Hamilton's education, including placing him under the tutelage of William Livingston of the College of New Jersey (now Princeton University), who was a leading local American revolutionary. ... Mulligan is said to have deeply influenced Hamilton towards engagement in revolutionary activity." — Brian Maye, The Irish Times, 2 Mar. 2025 Did you know? Tutelage comes from the Latin verb tueri, meaning "to look at" or "to guard." When it first appeared in English at the turn of the 17th century, this word was used mainly in the protective sense of tueri; writers would describe serfs and peasants of earlier eras as being "under the tutelage of their lord." Over time, however, the word's meaning shifted away from guardianship and toward instruction. This pattern of meaning can also be seen in the related nouns tutor, which shifted from "a guardian" to "a private teacher," and tuition, which now typically refers to the cost of instruction but which originally referred to the protection, care, or custody by a parent or guardian over a child or ward.