Podcasts about Bretton Woods

In Episode 465 of Hidden Forces, Demetri Kofinas speaks with Yale historian and Cold War scholar Odd Arne Westad, author of The Coming Storm, about why the pre-WWI era of multipolarity, imperial decline, and great power rivalry offers a far more instructive — and alarming — historical parallel to today's world than the Cold War, and what must be done to prevent the catastrophic descent into total war. The first hour explores what went wrong after the fall of the Soviet Union, how the end of the Bretton Woods system helped enable China's economic rise, and the striking structural parallels between the rise of Germany before 1914 and the rise of China today. Westad and Kofinas also examine the roles that Russia, India, and the United States play in this historical analogy, and how the failure to integrate rising powers into meaningful international frameworks — then and now — has set the stage for catastrophic conflict. The second hour takes a deeper look at the specific forces that could push the world from strategic rivalry to outright war, including the role of nuclear weapons in a multipolar order, the most dangerous flashpoints — from Taiwan to the Korean Peninsula to the South China Sea and China's border with India — and the underappreciated threat that terrorism could pose as a catalyst for great power conflict. They also examine the internal political dynamics that boxed leaders into impossible positions before 1914, how frighteningly familiar those constraints look today, and what Professor Westad believes must be done to stabilize the international system before the world faces consequences it is not remotely prepared to confront. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Join our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 02/23/2026

For years, we've talked about the world order 'shifting.' Changing. The end of the Bretton Woods agreement, But according to legendary investor Ray Dalio, the shift is over. The break is now here.In a massive new piece Dalio just released—following the 2026 Munich Security Conference—he made it official: **The post-1945 world order has broken down.** We have officially entered what he calls "Stage 6' of the Big Cycle."Historically, Stage 6 is the 'War Stage.' It's the period of 'Great Disorder' where rules are replaced by raw power, where debt cycles reach their breaking point, and where the global map is redrawn. We're seeing it in the 'Capital Wars,' the weaponization of the dollar, and the total breakdown of trust in traditional institutions.

REGISTER FOR THOUGHTFUL MONEY'S SPRING ONLINE CONFERENCE AT THE EARLY BIRD DISCOUNT PRICE at https://www.thoughtfulmoney.com/conferenceDollar Milkshake Theory developer Brent Johnson has released another report on stablecoins, emphasizing their tremendous potential to upend the global monetary system.He's shouting loudly about this because he sees most of Wall Street vastly unprepared for what's about to happen.It's largely treating stablecoins as a niche amusement, instead of the Omega-level disruptor Brent thinks it will prove to be.In fact, he thinks stablecoins will impact the global monetary order on the same level as the Bretton Woods accord, or when the dollar moved off the gold standard.To learn why, and what the implications will likely be, watch this video.#stablecoin #stablecoins #dollar _____________________________________________ Thoughtful Money LLC is a Registered Investment Advisor Promoter.We produce educational content geared for the individual investor. It's important to note that this content is NOT investment advice, individual or otherwise, nor should be construed as such.We recommend that most investors, especially if inexperienced, should consider benefiting from the direction and guidance of a qualified financial advisor registered with the U.S. Securities and Exchange Commission (SEC) or state securities regulators who can develop & implement a personalized financial plan based on a customer's unique goals, needs & risk tolerance.IMPORTANT NOTE: There are risks associated with investing in securities.Investing in stocks, bonds, exchange traded funds, mutual funds, money market funds, and other types of securities involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.A security's or a firm's past investment performance is not a guarantee or predictor of future investment performance.Thoughtful Money and the Thoughtful Money logo are trademarks of Thoughtful Money LLC.Copyright © 2026 Thoughtful Money LLC. All rights reserved.

In this insightful podcast, Financial Economist Mukti Aryal shares expert analysis on gold investment strategy, silver investment trends, and capital markets insights relevant to Nepal and global investors. We explore why gold price increases in the long run, the difference in buying gold in Nepal vs USA, and whether gold should be treated as an asset not jewelry. Mukti Aryal explains gold vs silver investment, the hype around copper investment, and the best time to buy gold during market corrections. The discussion dives deep into dollar value decrease, de-dollarization explained, and how gold price increase often signals changes in the global monetary system. We also break down the Nepal rupee peg with India, currency peg dynamics, and implications for gold price Nepal and India comparison. The episode covers stock portfolio strategy, market crash investment strategy, Bretton Woods system explained, and whether it's too late to invest in gold. If you're interested in long term wealth building, gold market analysis, or understanding how capital markets affect your investments, this conversation is essential. Whether you're a beginner or experienced investor, this episode will help you design a smarter investment strategy in gold, silver, and stocks. GET CONNECTED WITH Mukti Aryal: LinkedIn - https://np.linkedin.com/in/mukti-aryal-68aa5a355 Facebook - https://www.facebook.com/p/Mukti-Aryal-100076327443829/  

Matthew Piepenburg explains why today's surge in gold and silver reflects a breakdown in sovereign debt, the bond market, and global currencies. From rising yields and hidden inflation to central bank gold accumulation and the end of post-1971 monetary credibility, this conversation lays out why policymakers are running out of options, and why the real crisis isn't gold, but paper money itself.#gold #financialmarkets #silver ---------------------Thank you to our sponsor: First Majestic SilverMake sure to pay them a visit: https://www.firstmajestic.com/---------------------

In this episode of Breaking History, Matt Ehret and Ghost examine a rapidly unfolding global financial reckoning centered on Credit Suisse and the broader international banking system. The discussion traces newly revealed Nazi-linked accounts, money laundering pipelines, and the role of major banks in facilitating corruption, cartel financing, and illicit capital flows over decades. The conversation moves through historical context including Bretton Woods, the petrodollar system, and the weaponization of finance, before turning to modern developments involving sanctions, currency manipulation, and intelligence-linked financial networks. Particular attention is given to investigations involving PDVSA, international drug trafficking finance, and the exposure of banking structures operating beyond national oversight. Throughout the episode, Matt and Ghost emphasize continuity between past and present financial power structures, highlighting how moral collapse in finance disconnects economies from real production and public accountability. The result is a wide-ranging, historically grounded analysis of how global banking functions as a tool of control, and why its unraveling appears to be accelerating.

In today's episode, Steve sits down with Tom Hardin, aka Tipperx — best known for helping expose a massive Wall Street insider trading ring. Steve and Tom discuss early warning signs that an organization might be crossing ethical or legal lines, how to build an organizational culture that promotes openness and protects from insider threats, and how to get employees to buy into things like good cyber hygiene.Key Takeaways: Governments must work with the private sector to achieve a cyber-secure environment. Boards are increasingly aware of cyber risks, but more work is needed.  Global trust is dissipating. Tune in to hear more about: The changing landscape of critical national infrastructure (5:46) Security vs. privacy in the UK (9:27) An ongoing, structural geopolitical shift (15:18)  Standout Quotes: “We need to make sure that we are thinking right across government when we are thinking about the approach to critical national infrastructure and how we can make it most safe for our users and for our populations.” - Sir Jeremy Fleming “I still encounter plenty who haven't done one for 18 months, who haven't updated to the latest threat environment, who haven't thought about geopolitics coming into play. Haven't checked that they've still contracted with a company who's gonna help them wind back in the event that they are breached. Hasn't thought seriously about whether it's gonna pay a ransom. The implications of paying a ransom.” - Sir Jeremy Fleming “The first thing is that what we're seeing now around changes in geopolitics is definitely a structural change. It's not a cyclical change. So the post 1948 Bretton Woods approach to the global order, with a whole load of United Nations agencies, World Health Organization, World Trade Organization, our approach to international aid, World Bank, these are all institutions that have changed fundamentally and won't change back.” - Sir Jeremy Fleming Read the transcript of this episodeSubscribe to the ISF Podcast wherever you listen to podcastsConnect with us on LinkedIn and TwitterFrom the Information Security Forum, the leading authority on cyber, information security, and risk management.

In today's episode, Steve sits down with Tom Hardin, aka Tipperx — best known for helping expose a massive Wall Street insider trading ring. Steve and Tom discuss early warning signs that an organization might be crossing ethical or legal lines, how to build an organizational culture that promotes openness and protects from insider threats, and how to get employees to buy into things like good cyber hygiene.Key Takeaways: Governments must work with the private sector to achieve a cyber-secure environment. Boards are increasingly aware of cyber risks, but more work is needed.  Global trust is dissipating. Tune in to hear more about: The changing landscape of critical national infrastructure (5:46) Security vs. privacy in the UK (9:27) An ongoing, structural geopolitical shift (15:18)  Standout Quotes: “We need to make sure that we are thinking right across government when we are thinking about the approach to critical national infrastructure and how we can make it most safe for our users and for our populations.” - Sir Jeremy Fleming “I still encounter plenty who haven't done one for 18 months, who haven't updated to the latest threat environment, who haven't thought about geopolitics coming into play. Haven't checked that they've still contracted with a company who's gonna help them wind back in the event that they are breached. Hasn't thought seriously about whether it's gonna pay a ransom. The implications of paying a ransom.” - Sir Jeremy Fleming “The first thing is that what we're seeing now around changes in geopolitics is definitely a structural change. It's not a cyclical change. So the post 1948 Bretton Woods approach to the global order, with a whole load of United Nations agencies, World Health Organization, World Trade Organization, our approach to international aid, World Bank, these are all institutions that have changed fundamentally and won't change back.” - Sir Jeremy Fleming Read the transcript of this episodeSubscribe to the ISF Podcast wherever you listen to podcastsConnect with us on LinkedIn and TwitterFrom the Information Security Forum, the leading authority on cyber, information security, and risk management.

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/east-asian-studies

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/chinese-studies

Un nouveau chapitre qui s'ouvre dans la relation entre le Tchad et la France. La semaine dernière, le président Mahamat Idriss Déby Itno a été reçu à l'Élysée par son homologue Emmanuel Macron, un an après le départ surprise et précipité de l'armée française présente depuis près d'un siècle dans le pays. Un « partenariat revitalisé, fondé sur le respect mutuel et des intérêts partagés » ont affirmé les deux chefs d'État. Que signifie ce revirement après cette rupture brutale des accords de défense il y a un an ? Analyse de Remadji Hoinathy, chercheur à l'ISS (l'Institut d'études de sécurité) spécialiste du Lac Tchad et de l'Afrique centrale. Il est le Grand Invité Afrique de Sidy Yansané. RFI : Dans leur communiqué conjoint, les présidents Mahamat Idriss Déby Itno  et Emmanuel Macron se félicitent « d'un partenariat revitalisé ». Êtes-vous surpris par ce réchauffement entre les deux dirigeants après le départ très précipité de l'armée française il y a un an ? Remadji Hoinathy : Aussi bien pour ce départ précipité que pour ce réchauffement tout abrupt, effectivement, on est relativement surpris parce que l'on se souvient qu'à l'époque, le Tchad mettait en avant un discours souverainiste exigeant la rupture de coopération militaire, relativement bénéfique pour le Tchad, entre autres, qui existait depuis quasiment plus d'un demi-siècle. Quelles ont été les conséquences de ce départ pour le Tchad ? Durant cette période, il n'y a pas eu de périls sécuritaires extraordinaires qui mettent en avant les conséquences de la fin l'accord de défense entre le Tchad et la France. Dans cette période, le Tchad a essayé, autant que faire se peut, de diversifier justement sa coopération militaire, allant vers de nouveaux partenaires. Et donc pour vous, c'est un signe que la diversification des partenariats sécuritaires n'a pas porté ses fruits ? Au-delà de la coopération militaire, qui n'a pas été mise en avant dans la communication officielle, il y a les aspects économiques et culturels, et il y a toutes les questions de sécurité régionale. Si aujourd'hui le Tchad revient sur ses pas et repart vers la France, malgré ce discours souverainiste assez véhément mis en avant, cette diversification n'a pas dû apporter les résultats attendus. Le communiqué conjoint est quand même très laconique. Il insiste, vous l'avez dit, surtout sur le partenariat économique. Ces intérêts économiques français et tchadiens, quels sont-ils réellement ? La France a surtout été un support financier très important pour un pays comme le Tchad au niveau budgétaire et dans différents domaines de développement. Lorsque l'on regarde la situation économique dans l'ensemble de l'Afrique centrale en général et dans un pays comme le Tchad, un retour ou une embellie dans la coopération économique avec la France en termes d'aide budgétaire et de support dans les négociations avec les institutions et les partenaires internationaux, dont ceux de Bretton Woods, est quelque chose d'assez important pour ce pays qui reste assez dépendant de l'aide internationale. Pour la France, avoir encore un pied au Tchad, un des derniers pays de la zone qui ne lui sont pas réfractaires, reste quelque chose d'important. Dans ce nouveau rapprochement, il y a plutôt des intérêts géostratégiques qui vont au-delà de l'économie. Justement, le communiqué fait également référence à la guerre au Soudan voisin. Le Tchad est accusé de servir de point de passage pour les armes que les Émirats arabes unis fournissent aux paramilitaires FSR. Qu'en est-il vraiment et de quelle manière la France pourrait jouer un rôle dans la résolution de ce conflit via son partenaire tchadien ? Le Tchad s'est toujours défendu d'avoir tenu une position plutôt neutre dans ce conflit. Le Soudan de son côté, et beaucoup d'autres acteurs dont les Nations unies, disent détenir des preuves de l'implication du Tchad, servant au minimum de point d'entrée pour l'aide émirienne aux Forces de soutien rapide. Depuis la fin de l'année passée, on se rend compte que même à l'international en général, le vent est en train de tourner. Dans le sens où les pays jouant un rôle assez important aux côtés des différents belligérants, les Émirats arabes unis d'un côté et de l'autre, l'Egypte avec l'Arabie saoudite et les Etats-Unis, sont plutôt en train de pousser vers une solution diplomatique, vers une cessation des hostilités, une trêve humanitaire, mais aussi vers un arrêt du support apporté par les différents pays aux belligérants. Le discours du président Macron va aller aussi dans le sens de dire à son partenaire tchadien, mettant à profit l'embellie de leur relation, la nécessité de revenir à un rôle plus neutre dans le conflit au Soudan. Il y a quand même quelque chose de surprenant. Je disais que le communiqué était très laconique, au point de ne faire aucune référence, même indirecte, à la détention de l'opposant Succès Masra, à l'assassinat de l'opposant Yaya Dillo, aux tragiques événements du 20 octobre 2022. Selon vous, est-ce à dire que la France assume désormais une realpolitik mettant de côté les droits humains ? C'est une tendance que l'on a observé depuis le début de la transition au Tchad : ne pas offusquer le partenaire en insistant trop sur la question des droits humains et de l'ouverture électorale. Ce n'est pas du tout à l'avantage de l'image de la France de revenir dans un partenariat où elle ne pourra pas remettre sur la table de manière claire ses principes sacro-saints, importants à ses yeux et dans son histoire politique. À lire aussiLa France et le Tchad ouvrent une nouvelle page dans leur relation bilatérale

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699 Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

China and the Global Economic Order (Cambridge University Press, 2026) examines China's evolving relations with the Bretton Woods institutions (BWIs), specifically the International Monetary Fund and the World Bank Group from the 1980s through 2025. Using a combination of new qualitative findings and quantitative datasets, the authors observe that China has taken an evolving approach to the BWIs in order to achieve its multiple agendas, acting largely as a 'rule-taker' during its first two decades as a member, but, over time, also becoming a 'rule-shaker' inside the BWIs, and ultimately a new 'rule-maker' outside of the BWIs. The analysis highlights China's exercise of 'two-way countervailing power' with one foot inside the BWIs, and another outside, and pushing for changes in both directions. China's interventions have resulted in BWs reforms and the gradual transformation of the global order, while also generating counter-reactions especially from the United States. Gregory Chin is an Associate Professor of Political Economy in the Department of Politics, and Faculty of Graduate Studies at York University (Canada), with a focus on the political economy of international money and development finance, China, Asia, the BRICS, and global governance. Nomeh Anthony Kanayo, Ph.D. Candidate in International Relations at Florida International University, with research interest in Africa's diaspora relations, African-China relations, great power rivalry and IR theories. Check out my new article https://doi.org/10.1016/j.sciaf.2025.e02699

A forint kétéves csúcsra ment az euróval, illetve ötéves csúcsra a dollárral szemben. Donald Trump külpolitikája egyre több sértődött korábbi szövetségeshez vezet. Ennek és az alapanyag rallynak köszönhetően erősödik a kanadai és az ausztrál dollár is. Mindeközben a tőkepiac fordított Bretton Woods-osat játszik, rohamléptekkel állítja helyre az aranystandardot. A nemesfémeknél csak a memóriachipekben van nagyobb bikapiac. A Samsung, Micron, SK Hynix trió immár a világ 26 legnagyobb tőzsdei vállalata között van. Egyre erősebben merül fel közben a kérdés: jön-e egy a 2000-es évek elejéhez hasonló feltörekvő piaci bikafutás?Olvass minden nap a világ történéseiről egy Concorde-os szemüvegén keresztül: https://www.concordeblog.hu/Kövess bennünket minden csatornánkon:https://www.linkedin.com/company/concordecsoport/https://www.instagram.com/concordecsoport/https://www.facebook.com/concorde/https://www.youtube.com/@concorde_csoport Bármi, ami a műsorban elhangzik az az abban résztvevők magánvéleményét tükrözi. A műsor szórakoztató jelleggel készült, annak tartalma nem minősül befektetési tanácsadásnak és befektetési döntések alapjául sem kíván szolgálni. A Concorde munkatársai a műsorban elhangzó értékpapírokban és befektetési eszközökben pozíciókkal rendelkezhetnek. A műsorban elhangzott adatok, előrejelzések és információk pontosságával és teljességével kapcsolatban a Concorde, illetve a műsor készítői felelősséget nem vállalnak. A Concorde Podcast a Concorde Értékpapír Zrt. szellemi tulajdona.

In questo episodio raccontiamo quando nasce la globalizzazione finanziaria, come si è evoluta grazie a tecnologia e regole, e quanto dipendiamo da flussi di capitali, banche globali e dalla “rete” Un nuovo mondo finanziario globale è nato dal collasso del sistema di Bretton Woods. Michel Chossudovsky Sigla di Eric Buffat Per chi vuole acquistare i libri, il cui ricavato andrà totalmente in beneficenza: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.amazon.it/kindle-dbs/entity/author/B08FF1ZFV9⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Built to Divide, we pick up where the post-2008 housing machine left off—and show how the subscription economy (SaaS, streaming, “pay forever”) migrated into the built environment. Dimitrius Lynch traces the privatization movement from Milton Friedman's voucher logic and post–Brown v. Board backlash to modern power brokers like ALEC, corporate bill-writing, and the quiet reframing of citizens into customers.Then we explore build-to-rent communities engineered for “predictable cash flow,” housing-as-a-dashboard, and the rise of rentier capitalism—profits from controlling gates, not creating value. The episode connects BlackRock's infrastructure thesis and Aladdin risk platform, the 2008 recovery pipeline, and the long continuity from Bretton Woods → financialization → asset management dominance. Finally, we widen the lens to the next frontier: farmland financialization, where ownership detaches from stewardship and the right to live—and farm—becomes something you lease back.Episode Extras - Photos, videos, sources and links to additional content found during research.Episode Credits:Production in collaboration with Gābl MediaWritten & Executive Produced by Dimitrius LynchAudio Engineering and Sound Design by Jeff Alvarez

Yael Potjer spreekt met belastingexpert en vrijheidsmaximalist Toine Manders over het geldsysteem, inflatie, de goudstandaard, belastingontwijking en emigratie. Wat kan je doen om minder belasting te betalen?Toine Manders ziet dat onze financiële privacy en vrijheid steeds verder onder druk komen te staan. Hij ziet dat overheden steeds meer informatie uitwisselen en banken steeds vaker functioneren als verlengstuk van de staat. Hoe kun je hier het beste mee omgaan?Vanuit die ontwikkeling benadrukt Toine het belang van concurrentie en legt hij uit waarom hij tegen belastingharmonisatie en centralisatie is, en waarom belastingparadijzen, belastingontwijking en decentralisatie een belangrijke functie vervullen.Toine is een voorstander van een strikte scheiding tussen geld en staat. Hij noemt het huidige fiatgeldsysteem een vorm van legale valsemunterij, met voortdurende inflatie als gevolg, waarvan spaarders de dupe zijn. Hoe zou het monetaire systeem er dan wél uit moeten zien?Tot slot bespreken ze landen met meer economische vrijheid en lagere belastingen. Waar kun je het beste naartoe emigreren als je minder belasting wilt betalen?De webinar van Toine Manders over emigratie en belastingen: ontvang €25 korting met de code HOLLANDGOLD. Kijk hier: https://www.nozickconsulting.com/webi...Volg Toine Manders op X: https://x.com/ToineManders Yael Potjer op X: https://x.com/GoedWeerGenieteOverweegt u om goud en zilver aan te kopen? Dat kan via de volgende website: https://bit.ly/3xxy4sYTimestamps00:00 Intro02:02 Vrijheid en Privacy onder druk08:30 Harmonisatie & centralisatie belastingen15:02 Nieuwe kabinet & liberale partijen18:02 Geldsysteem, geldcreatie & spaargeld22:28 Goudstandaard, inflatie & onstaan fiatgeld32:40 Bretton Woods & 197136:03 Einde dollar als wereldreservemunt?39:55 De Eurozone, Liechtenstein & Zwitserland45:45 Nieuw-Zeeland & ontwikkelingsgeld50:58 Voordelen Euro53:00 Het ideale geldsysteem, goud & bitcoin1:03:20 Emigratie ondernemers & Oost-Duitsland1:06:27 Zijn belastingparadijzen juist goed?1:15:15 Emigratie, Dubai & Emiraten1:20:18 Monarchie & Liechtenstein1:25:02 Landen met lage belastingenTwitter:@Hollandgold:   / hollandgold  @paulbuitink:   / paulbuitink  Let op: Holland Gold vindt het belangrijk dat iedereen vrijuit kan spreken. Wij willen u er graag op attenderen dat de uitspraken die worden gedaan door de geïnterviewde niet persé betekenen dat Holland Gold hier achter staat. Alle uitspraken zijn gedaan op persoonlijke titel door de geïnterviewde en dragen zo bij aan een breed, kleurrijk en voor de kijker interessant beeld van de onderwerpen. Zo willen en kunnen wij u een transparante bijdrage en een zo volledig mogelijk inzicht geven in de economische marktontwikkelingen. Al onze video's zijn er enkel op gericht u te informeren. De informatie en data die we presenteren kunnen verouderd zijn bij het bekijken van onze video's. Onze video's zijn geen financieel advies. U alleen kunt bepalen hoe het beste uw vermogen kunt beleggen. U draagt zelf de risico's van uw keuzes.Bekijk onze website: https://www.hollandgold.nl

Today, Jess, Les, Andrew, and Joshua take a step back from the headlines for a Fun Friday roundtable on the best and worst American foreign policy decisions, inspired by a recent Council on Foreign Relations article drawing on conversations with the Society for Historians of American Foreign Relations. From the Marshall Plan and Bretton Woods to PEPFAR and the peaceful end of the Cold War in Europe, the team reflects on moments when U.S. leadership, economic power, and long-term thinking paid real dividends.What separates foreign policy successes from failures? Why do some hard-power decisions look effective at first but unravel over time? And as the U.S. looks ahead, what should decision-makers keep firmly in mind before reaching for any one instrument of power?Check out the article that helped shape our Fellows' discussion: https://www.cfr.org/ten-best-ten-worst-us-foreign-policy-decisions/?utm_source=newsrelease&utm_campaign=best-worst-2026&utm_medium=email&utm_term=PressCFR%20-%20Including%20Members%20and%20Staff @NotTVJessJones@lestermunson@AndrewBorene@joshuachuminskiLike what we're doing here? Be sure to rate, review, and subscribe. And don't forget to follow @faultlines_pod and @masonnatsec on Twitter!We are also on YouTube, and watch today's episode here: https://youtu.be/FR_W1-fpr5o Hosted on Acast. See acast.com/privacy for more information.

This episode of Excess Returns features a wide ranging conversation with Grant Williams on what he calls the hundred year pivot. Grant explains why today's environment feels fundamentally different from the last several decades, why long held investing assumptions may no longer apply, and how declining trust in institutions, money, and markets is reshaping the global financial system. Drawing on history, macroeconomics, and decades of market experience, the discussion explores what this transition means for investors trying to navigate a world defined by uncertainty, volatility, and structural change.Main topics covered• What the hundred year pivot means and why it represents a once in a generation shift• The Fourth Turning framework and how it connects financial crises, politics, and social change• Why buy the dip worked for decades and why it may fail in the years ahead• The erosion of trust in institutions and its impact on markets and money• The financial crisis, sanctions, and the freezing of sovereign assets as turning points• The role of the dollar, gold, and central banks in a changing monetary system• Lessons from history including Bretton Woods and the Suez crisis• Why commodities and real assets matter in a world of deglobalization and reshoring• How artificial intelligence fits into the current investment cycle and capital allocation boom• Portfolio construction and behavioral challenges in a higher volatility environmentTimestamps00:00 The hundred year pivot and why this cycle is different01:30 Defining the Fourth Turning and historical cycles07:40 The financial crisis as the start of institutional breakdown11:00 Sanctions, sovereign assets, and the end of unquestioned trust in the dollar18:20 Historical parallels from Bretton Woods and the Suez crisis24:50 What could trigger a broader monetary reset28:50 Energy, geopolitics, and shifting global alliances35:00 Commodities, real assets, and rebuilding supply chains42:40 Artificial intelligence, capital cycles, and uncertainty52:30 Portfolio construction, behavior, and risk tolerance59:50 Where to follow Grant Williams and his work

Les journalistes et experts de RFI répondent également à vos questions sur la réunion des 12 ministres de la Défense de la région des Grands Lacs, l'interdiction de Pékin sur l'exportation vers le Japon de biens dits à « double usage » et la visite d'Ursula von der Leyen en Syrie.  Sénégal : comment faire face au poids colossal de la dette ?   Alors que le Sénégal fait face à une dette publique vertigineuse évaluée à 132% du PIB par le FMI, le Premier ministre Ousmane Sonko exclu de restructurer la dette, estimant que le pays peut honorer ses engagements sans renégociation. Comment justifie-t-il ce refus catégorique malgré les recommandations du FMI ? En prenant cette décision, le Sénégal ne risque-t-il pas d'être sanctionné par l'institution de Bretton Woods ?  Avec Léa-Lisa Westerhoff, correspondante permanente de RFI à Dakar.     RDC : à quoi a servi la réunion de la région des Grands Lacs ?  Un mois après l'accord de paix paraphé à Washington par les présidents Felix Tsishekedi et Paul Kagame, les affrontements se poursuivent dans le Nord-Kivu. À la demande de la RDC, une réunion extraordinaire des 12 ministres de la Défense et des chefs d'Etat major des forces de défense de la région des Grands Lacs s'est tenue ces derniers jours en Zambie. Que retenir de cette rencontre ? Le dispositif de contrôle du cessez-le-feu a-t-il été renforcé ?    Avec Patient Ligodi, journaliste au service Afrique de RFI.      Japon : quel avenir pour l'économie après les mesures chinoises ?   C'est une décision qui pénalise l'industrie nippone, d'où la colère de Tokyo. La Chine a décidé d'interdire l'exportation vers le Japon de biens dits à « double usage », civils et militaires. De quels produits parle-t-on ? Pourquoi Pékin décide de bloquer maintenant ces exportations ? Pourquoi ces produits sont-ils importants pour le Japon ?    Avec Clea Broadhurst, correspondante permanente de RFI à Pékin.     Syrie : vers une nouvelle coopération européenne    Pour la première fois depuis la chute de Bachar el-Assad, Ursula von der Leyen , la présidente de la Commission de l'UE, s'est rendue à Damas ce vendredi 9 janvier 2026. Au printemps 2025, les 27 ont levé toutes les sanctions économiques mises en place sous le régime d'Assad. Quel est le poids des Européens dans la transition politique du pays face aux États-Unis ?   Avec Hasni Abidi, directeur du Centre d'études et de recherche sur le monde arabe et méditerranéen et chargé de cours à l'Université de Genève.    

In this episode of Soar Financially, Dr. Judy Shelton, former Trump economic advisor and U.S. Treasury official, explains why $4,500 gold may be signaling a major shift in the global monetary system.We break down the Federal Reserve's growing power, the loss of trust in fiat currencies, and Shelton's bold proposal for gold-backed U.S. Treasury bonds. From Bretton Woods to Fort Knox audits, this conversation dives deep into what sound money could look like in the years ahead — and why July 4th, 2026, could matter more than markets expect.#Gold #federalreserve #goldstandard ------------

L'année 2025 restera comme une année charnière pour l'économie mondiale, marquée par le retour tonitruant de Donald Trump à la Maison-Blanche et ses décisions commerciales radicales. Cette émission spéciale d'Éco d'ici, éco d'ailleurs revisite, avec les experts qui sont intervenus à notre micro, les moments clés d'une année économique tumultueuse, entre guerres commerciales, crises géopolitiques, révolution de l'intelligence artificielle et urgence climatique.  

L'année 2025 restera comme une année charnière pour l'économie mondiale, marquée par le retour tonitruant de Donald Trump à la Maison-Blanche et ses décisions commerciales radicales. Cette émission spéciale d'Éco d'ici, éco d'ailleurs revisite, avec les experts qui sont intervenus à notre micro, les moments clés d'une année économique tumultueuse, entre guerres commerciales, crises géopolitiques, révolution de l'intelligence artificielle et urgence climatique.  

In August 1971, Richard Nixon went on television and detonated the global financial system. By severing the U.S. dollar from gold, the Nixon Shock ended Bretton Woods, ushered in fiat money, and unleashed a new era of credit, speculation, and inequality. What followed wasn't just inflation and currency volatility—it was a fundamental rewiring of housing, wealth, and power.In this episode of Built to Divide, Dimitrius Lynch traces how the end of the gold standard collided with housing policy, stagflation, and a rising market-first ideology. As public housing construction collapsed, Section 8 vouchers expanded, the mortgage interest deduction quietly became America's largest housing subsidy, and real estate lobbying reshaped Washington. Jimmy Carter framed housing as a moral obligation—but crisis, inflation, and backlash undercut reform. Then came Milton Friedman, Margaret Thatcher, Ronald Reagan, and the think-tank machine, turning deregulation, tax cuts, and privatization into governing doctrine.The result? Housing shifted from shelter to leverage. Neighborhoods hardened. Inequality accelerated. McMansions replaced porches. Master-planned enclaves rose as public responsibility retreated. And the rails were laid for subprime lending, securitization, and collapse.This is the episode where money floats, housing fractures, and the modern economy takes its irreversible turn.Episode Extras - Photos, videos, sources and links to additional content found during research. Episode Credits:Production in collaboration with Gābl MediaWritten & Executive Produced by Dimitrius LynchAudio Engineering and Sound Design by Jeff Alvarez

Mark Connors is a veteran credit analyst and macro thinker who's spent nearly four decades on Wall Street, from the bond desks of Solomon Brothers to the hedge fund trenches. What makes Mark unique is his ability to pull the lens back—connecting regime changes in global finance to bitcoin's rise as the asset with true integrity.In this episode, Mark joins The Bitcoin Frontier to share how his career shaped his understanding of risk, why bitcoin is the next monetary regime shift, and how Wall Street is still missing the plot. We dig into why bitcoin's volatility is actually a superpower, how financial plumbing is breaking beneath the surface, and why institutions will eventually be forced to adopt bitcoin as pristine collateral.SUPPORT THE PODCAST: → Subscribe → Leave a review → Share the show with your friends and family → Send us an email: podcast@unchained.com → Learn more about Unchained: https://unchained.com/?utm_source=you... → Book a free call with a bitcoin expert: https://unchained.com/consultation?ut...TIMESTAMPS:0:00 – Intro & Mark's 40-year Wall Street journey through credit and crisis3:15 – Lessons from Solomon Brothers to Bitcoin Park: where integrity lives6:05 – How bitcoin fits into the third monetary regime since Bretton Woods8:00 – The “hacks” that brought bitcoin into Wall Street's line of sight10:00 – Bitcoin as collateral and the coming collateral crisis12:20 – Understanding volatility: why bitcoin's risk is asymmetric17:00 – The myth of volatility and the truth about upside variance21:00 – “Good vol” vs “bad vol”: how bitcoin surprises to the upside25:00 – Why rebalancing into bitcoin beats traditional 60/40 portfolios29:00 – Can Wall Street co-opt bitcoin through paper markets?31:00 – The importance of holding your own keys and verifying collateral35:00 – Convincing older investors and rebuilding credibility post-FTX37:00 – Regime changes, Bretton Woods, and how history rhymes43:00 – How the dollar was “saved” by energy and the petrodollar system46:00 – Hidden cracks in the financial system and repo stress explained49:00 – How new liquidity facilities show a fragile, patched-up system52:00 – Will Wall Street adopt bitcoin for safety or profit?55:00 – The slow cultural shift toward integrity in finance57:00 – The ultimate incentive: clients demanding bitcoin exposure1:00:00 – Risks to bitcoin: mining centralization, paper supply, and innovation1:02:00 – Where to follow Mark and how he's educating advisorsWHERE TO FOLLOW US: → Unchained X: https://x.com/unchained → Unchained LinkedIn:   / unchainedcom  → Unchained Newsletter: https://unchained.com/newsletter → Mark Connors's Twitter: https://x.com/riskdimensions  → Timot Lamarre's Twitter: https://x.com/TimotLamarre 

Enrique Dussel Peters has a Ph.D. in Economics at the University of Notre Dame. Professor at the Graduate School of Economics, Universidad Nacional Autónoma de México since 1993. He is Coordinator of the Center for Chinese-Mexican Studies of the School of Economics at UNAM and of the Academic Network of Latin America and the Caribbean on China. His most recent book is “Latin America, China & Great Power Competition.”  The US appears to be abandoning the Bretton Woods structure and some UN programs. US leadership with President Donald Trump is no longer dependable. Withdrawal from international institutions is foolhardy and counterproductive. Many experts are touting China as the emerging world leader. China is using Soft Power, such as the Belt and Road Project, to accomplish foreign policy goals. Eliminating USAID by President Trump damaged the reputation, alliances, efficiency and effectiveness of the US in many areas of the world. 

Kevin Freeman outlines how mounting debt, geopolitical alliances, and de-dollarization efforts threaten U.S. reserve currency status — and what that could mean for inflation, markets, and everyday Americans. He traces the dollar's arc from Bretton Woods to Nixon's closure of the gold window, the petrodollar, and today's multipolar finance led by BRICS. The analysis details coordinated pressure from communist, Islamist, and globalist actors, plus domestic failures — framing a potential sequence from bond sell-offs to hyperinflation. Practical mitigations include disciplined fiscal policy and strategic gold initiatives at the state and personal levels.

(This is a rebroadcast of episode 199)In this episode of Libertarians Talk Psychology, we dive deep into one of the most defining economic turning points in modern U.S. history: 1971, the year President Nixon ended the Bretton Woods agreement and removed the dollar from the gold standard. This decision—often overlooked—set in motion decades of inflation, currency distortion, and financial instability that still affect every aspect of life today. Drawing on Dave Smith's compelling explanation, we explore how radically different the world could have been if the U.S. had maintained a stable, sound money supply. Imagine a world without runaway inflation, without the boom-bust cycles created by loose monetary policy, and without the government's ability to quietly tax citizens through currency debasement. Smith argues that abandoning gold didn't just change the economy—it changed society, culture, and global power dynamics. We break down:What exactly happened in 1971Why stable money is foundational to liberty and psychological well-beingHow inflation quietly alters behavior, incentives, and family lifeHow fiat money fuels political overreach, endless wars, and corporate distortionWhat individuals and communities can do now, in an unstable financial eraSound money solutions, from decentralization to Bitcoin to local alternativesIf you've ever wondered why everything feels more expensive, more chaotic, and more distorted than it used to, this episode connects the dots. Understanding 1971 is the first step—deciding what to do next is the challenge we tackle together.Clip from Dave Smith | PartOfTheProblemFollow Us:YouTubeTwitterFacebookBlueskyAll audio & videos edited by: Jay Prescott Videography

The Dominance of the US Dollar and Its Challenges. Alex Pollock (Senior Fellow at the Mises Institute) discusses Kenneth Rogoff's book, Our Currency, Your Problem, focusing on why the US dollar remains the dominant global currency. The dollar's strength is linked to US military power and superior legal and bankruptcy systems, which provide essential "social infrastructure." Pollock recalls the famous quip, "Our currency, your problem," made by Treasury Secretary John Connally in 1971 after the US defaulted on its gold obligations under the Bretton Woods system. Challenges from the Chinese renminbi and crypto are noted, but Rogoff finds serious institutional flaws in China's system. Critically, the growing US national debt is identified as the dollar's "Achilles heel," posing a major threat if global lenders stop lending. 1885 NYSE

SHOW 11-5-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT AI AND CHILDREN. FIRST HOUR 9-915 Canada's Troubled Relations with China and the US. Charles Burton (author of The Beaver and the Dragon) analyzes Canadian Prime Minister Carney's meeting with China's Xi Jinping following the APEC conference. Burton described Carney as a "supplicant" who echoed Chinese rhetoric of "constructive and pragmatic interactions," which means focusing on trade while avoiding criticism. Issues discussed included Chinese tariffs on Canadian canola and Canada's tariffs on subsidized Chinese EVs. Burton addresses the severely strained Ottawa-Washington relationship due to US tariffs and President Trump's stated unwillingness to talk, feeding "anti-American sentiment" in Canada. This trade uncertainty is a factor in Canada's massive budget deficit, which aims to fund government infrastructure to compensate for lacking investor interest. Furthermore, concerns persist in Canada regarding Chinese EVs potentially functioning as "listening posts" for state security. 915-930 Canada's Troubled Relations with China and the US. Charles Burton (author of The Beaver and the Dragon) analyzes Canadian Prime Minister Carney's meeting with China's Xi Jinping following the APEC conference. Burton described Carney as a "supplicant" who echoed Chinese rhetoric of "constructive and pragmatic interactions," which means focusing on trade while avoiding criticism. Issues discussed included Chinese tariffs on Canadian canola and Canada's tariffs on subsidized Chinese EVs. Burton addresses the severely strained Ottawa-Washington relationship due to US tariffs and President Trump's stated unwillingness to talk, feeding "anti-American sentiment" in Canada. This trade uncertainty is a factor in Canada's massive budget deficit, which aims to fund government infrastructure to compensate for lacking investor interest. Furthermore, concerns persist in Canada regarding Chinese EVs potentially functioning as "listening posts" for state security. 930-945 The Compact for Academic Excellence in Higher Education. Peter Berkowitz (Hoover Institution Fellow and educator) discusses the Trump administration's "Compact for Academic Excellence in Higher Education," which requires universities to meet ten priorities to qualify for federal benefits like student loans and research grants. While many goals are proper or already legally required (like protecting free speech and obeying civil rights laws), several are highly controversial. These controversial points include demanding that hiring decisions be made solely on individual "merit," which critics redefine to include group diversity, and requiring universities to maintain institutional neutrality on political issues. Most universities rejected the compact, asserting it would impair academic freedom. Berkowitz suggests the administration should use direct financial incentives to reward universities that actively teach free speech, rather than relying on mandates. 945-1000 The Compact for Academic Excellence in Higher Education. Peter Berkowitz (Hoover Institution Fellow and educator) discusses the Trump administration's "Compact for Academic Excellence in Higher Education," which requires universities to meet ten priorities to qualify for federal benefits like student loans and research grants. While many goals are proper or already legally required (like protecting free speech and obeying civil rights laws), several are highly controversial. These controversial points include demanding that hiring decisions be made solely on individual "merit," which critics redefine to include group diversity, and requiring universities to maintain institutional neutrality on political issues. Most universities rejected the compact, asserting it would impair academic freedom. Berkowitz suggests the administration should use direct financial incentives to reward universities that actively teach free speech, rather than relying on mandates. SECOND HOUR 10-1015 US-China Ceasefire and Competition in Technology and Space. Jack Burnham (Foundation for Defense of Democracies research analyst) characterizes the Trump-Xi meeting as a necessary "truce" that allows both nations to gain stability and strengthen their positions before the next escalation. Regarding rare earths, China is now employing the US "playbook," setting up a licensing structure rather than a full trade cessation. He emphasizes that building a complete rare earth supply chain outside of China, especially refining capacity, may realistically take seven to ten years. In technology, Beijing is pushing for domestic self-sufficiency in AI infrastructure, partly driven by paranoia that imported chips may contain backdoors or vulnerabilities. Burnham also details China's commitment to militarizing space, including copying US reconnaissance capabilities and practicing anti-satellite operations like "dogfighting." 1015-1030 US-China Ceasefire and Competition in Technology and Space. Jack Burnham (Foundation for Defense of Democracies research analyst) characterizes the Trump-Xi meeting as a necessary "truce" that allows both nations to gain stability and strengthen their positions before the next escalation. Regarding rare earths, China is now employing the US "playbook," setting up a licensing structure rather than a full trade cessation. He emphasizes that building a complete rare earth supply chain outside of China, especially refining capacity, may realistically take seven to ten years. In technology, Beijing is pushing for domestic self-sufficiency in AI infrastructure, partly driven by paranoia that imported chips may contain backdoors or vulnerabilities. Burnham also details China's commitment to militarizing space, including copying US reconnaissance capabilities and practicing anti-satellite operations like "dogfighting." 1030-1045 AI Philosophy and Jewish Wisdom. Spencer Klavan (Associate Editor of the Claremont Review of Books) reviews Michael M. Rosen's book, Like Silicon from Clay, which uses ancient Jewish wisdom, specifically the Golem legend, to analyze AI. Rosen categorizes AI believers into four camps: autonomists (who believe AI will achieve consciousness or sentience) and automationists (who view AI as a sophisticated, non-conscious tool). Both camps are divided into "positive" (optimistic) and "negative" (pessimistic) outlooks. Klavan identifies as a positive automationist, seeing AI as an "elaborate adding machine" or "better Google" that is helpful but requires human verification because it often "hallucinates" (makes up facts). He notes that chatbots conclude conversations with questions because they need human input to avoid becoming "deranged" and to improve their ability to predict human speech patterns. 1045-1100 AI Philosophy and Jewish Wisdom. Spencer Klavan (Associate Editor of the Claremont Review of Books) reviews Michael M. Rosen's book, Like Silicon from Clay, which uses ancient Jewish wisdom, specifically the Golem legend, to analyze AI. Rosen categorizes AI believers into four camps: autonomists (who believe AI will achieve consciousness or sentience) and automationists (who view AI as a sophisticated, non-conscious tool). Both camps are divided into "positive" (optimistic) and "negative" (pessimistic) outlooks. Klavan identifies as a positive automationist, seeing AI as an "elaborate adding machine" or "better Google" that is helpful but requires human verification because it often "hallucinates" (makes up facts). He notes that chatbots conclude conversations with questions because they need human input to avoid becoming "deranged" and to improve their ability to predict human speech patterns. THIRD HOUR 1100-1115 US Military Operations off Venezuela and the War in Ukraine. General Blaine Holt (United States Air Force retired) analyzes the significant US military buildup off Venezuela, headquartered at Roosevelt Roads, describing it as a "war-winning force" primarily targeting cartels and sending a global message of American might. He suggests that operations will likely use commando-style tactics rather than a full occupation, potentially leveraging historical events like the Bay of Pigs as cover for unconventional approaches. The conversation pivots to Ukraine, where Russia is effectively using new glide bombs and missiles, having shifted to a wartime mobilization economy. Holt notes the profound erosion of Ukraine's infrastructure and the demoralizing lack of manpower. He argues innovative, inexpensive defenses, such as Reaper drones with Sidewinders or lasers, are needed, as current air defense economics are unsustainable. 1115-1130 US Military Operations off Venezuela and the War in Ukraine. General Blaine Holt (United States Air Force retired) analyzes the significant US military buildup off Venezuela, headquartered at Roosevelt Roads, describing it as a "war-winning force" primarily targeting cartels and sending a global message of American might. He suggests that operations will likely use commando-style tactics rather than a full occupation, potentially leveraging historical events like the Bay of Pigs as cover for unconventional approaches. The conversation pivots to Ukraine, where Russia is effectively using new glide bombs and missiles, having shifted to a wartime mobilization economy. Holt notes the profound erosion of Ukraine's infrastructure and the demoralizing lack of manpower. He argues innovative, inexpensive defenses, such as Reaper drones with Sidewinders or lasers, are needed, as current air defense economics are unsustainable. 1130-1145 The Dominance of the US Dollar and Its Challenges. Alex Pollock (Senior Fellow at the Mises Institute) discusses Kenneth Rogoff's book, Our Currency, Your Problem, focusing on why the US dollar remains the dominant global currency. The dollar's strength is linked to US military power and superior legal and bankruptcy systems, which provide essential "social infrastructure." Pollock recalls the famous quip, "Our currency, your problem," made by Treasury Secretary John Connally in 1971 after the US defaulted on its gold obligations under the Bretton Woods system. Challenges from the Chinese renminbi and crypto are noted, but Rogoff finds serious institutional flaws in China's system. Critically, the growing US national debt is identified as the dollar's "Achilles heel," posing a major threat if global lenders stop lending. 1145-1200 The Dominance of the US Dollar and Its Challenges. Alex Pollock (Senior Fellow at the Mises Institute) discusses Kenneth Rogoff's book, Our Currency, Your Problem, focusing on why the US dollar remains the dominant global currency. The dollar's strength is linked to US military power and superior legal and bankruptcy systems, which provide essential "social infrastructure." Pollock recalls the famous quip, "Our currency, your problem," made by Treasury Secretary John Connally in 1971 after the US defaulted on its gold obligations under the Bretton Woods system. Challenges from the Chinese renminbi and crypto are noted, but Rogoff finds serious institutional flaws in China's system. Critically, the growing US national debt is identified as the dollar's "Achilles heel," posing a major threat if global lenders stop lending. FOURTH HOUR 12-1215 1215-1230 1230-1245 Private Space Enterprise, Artemis Debate, and the Human Body in Space. Bob Zimmerman (Behind the Black) reviews the private space sector, highlighting VAST, which is developing the small manned demo space station Haven One using its own investment capital, unlike other NASA-funded consortiums. VAST's larger planned station, Haven 2, is designed to rotate, creating artificial gravity. This capability is crucial for mitigating the damage extended weightlessness causes the human body, such as cardiovascular weakening, bone density loss, and vision problems (the eye flattens). Zimmerman notes the ongoing debate over NASA's Artemis program, where former administrators clash over SpaceX's ability to build the lunar lander on time, often driven by lobbying interests. He also reports that China recently set a new national record for successful launches in a single year (67 completed). 1245-100 AM Private Space Enterprise, Artemis Debate, and the Human Body in Space. Bob Zimmerman (Behind the Black) reviews the private space sector, highlighting VAST, which is developing the small manned demo space station Haven One using its own investment capital, unlike other NASA-funded consortiums. VAST's larger planned station, Haven 2, is designed to rotate, creating artificial gravity. This capability is crucial for mitigating the damage extended weightlessness causes the human body, such as cardiovascular weakening, bone density loss, and vision problems (the eye flattens). Zimmerman notes the ongoing debate over NASA's Artemis program, where former administrators clash over SpaceX's ability to build the lunar lander on time, often driven by lobbying interests. He also reports that China recently set a new national record for successful launches in a single year (67 completed).

The Dominance of the US Dollar and Its Challenges. Alex Pollock (Senior Fellow at the Mises Institute) discusses Kenneth Rogoff's book, Our Currency, Your Problem, focusing on why the US dollar remains the dominant global currency. The dollar's strength is linked to US military power and superior legal and bankruptcy systems, which provide essential "social infrastructure." Pollock recalls the famous quip, "Our currency, your problem," made by Treasury Secretary John Connally in 1971 after the US defaulted on its gold obligations under the Bretton Woods system. Challenges from the Chinese renminbi and crypto are noted, but Rogoff finds serious institutional flaws in China's system. Critically, the growing US national debt is identified as the dollar's "Achilles heel," posing a major threat if global lenders stop lending. 1936

O "Ulrich Responde" é uma série de vídeos onde respondo perguntas enviadas por membros do canal e seguidores, abordando temas de economia, finanças e investimentos. Oferecemos uma análise profunda, trazendo informações para quem quer entender melhor a economia e tomar decisões financeiras mais informadas.00:00 – Nesse episódio…01:15 - Brasil perdeu com acordo EUA–China?05:03 - Reservas de US$340 bi impedem destruição do real em 2–3 anos?07:18 - Agenda anti-imigração do Trump já está precificada na bolsa americana?09:50 - Crise de segurança pode afetar investimentos no Brasil?13:08 - Ainda há espaço de alta para a bolsa argentina?14:47 - Retomada de liquidez do Fed já começou?16:47 - Ouro e bolsa em máximas ao mesmo tempo: o que isso indica?18:28 - Milei vai iniciar privatizações?19:14 - Por que a Argentina ainda não liberou o câmbio/dolarizou?21:34 - A alta em IA (Nvidia) é bolha?22:03 - Quando o dashboard da OBTC3 estará disponível?22:22 - A OBTC3 vai oferecer curso sobre Bitcoin?22:42 - Qual é o múltiplo MNAV atual da OranjeBTC?23:24 - Houve falha de estratégia no IPO da OranjeBTC?26:29 - Você zerou a posição em CCJ?28:34 - Ouro subiu muito: é hora de realizar?29:14 - Vídeo sobre o aumento do spread entre SOFR e FFR no canal?29:36 - Em que fase do ciclo econômico estamos?30:45 - Como seriam os EUA sem Bretton Woods/petrodólares?31:32 - Stablecoins e seu impacto na inflação americana.32:06 - Morando em Portugal, invisto na Europa, Brasil ou EUA?32:37 - Vale a pena migrar para os EUA hoje?34:07 - Quem é o GOAT do tênis?

As China's economic influence expands, so does its ambition to shape the very system that once constrained it. In this episode of The China-Global South Podcast, Eric speaks with Greg Chin and Kevin Gallagher from Boston University's Global Development Policy Center about their new book that details China's transformation from a "rules taker" within the Bretton Woods system to a "rules maker" who's now reshaping the international development finance architecture. Greg and Kevin explore the country's growing role in the IMF and World Bank, its creation of new institutions like the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), and what this means for developing nations navigating between Western and Chinese-led finance. CHAPTERS: • Introduction – A brief calm in U.S.–China tensions • Rule Taker → Rule Maker – China's rise inside global finance • Building Alternatives – Creating the AIIB and NDB • Two-Way Countervailing Power – Leveraging inside–outside influence • Green Finance and "Next Practices" – Raising the bar on development norms • Debt and Diplomacy – How China handles restructuring • Institutional Layering – Shaping without dismantling • Washington's Dilemma – Anxiety over losing control • The Global South's New Agency – More options, more leverage • A New Multilateral Moment – Uncertain future for global governance SHOW NOTES:

As China's economic influence expands, so does its ambition to shape the very system that once constrained it. In this episode of The China-Global South Podcast, Eric speaks with Greg Chin and Kevin Gallagher from Boston University's Global Development Policy Center about their new book that details China's transformation from a "rules taker" within the Bretton Woods system to a "rules maker" who's now reshaping the international development finance architecture. Greg and Kevin explore the country's growing role in the IMF and World Bank, its creation of new institutions like the Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB), and what this means for developing nations navigating between Western and Chinese-led finance. CHAPTERS: • Introduction – A brief calm in U.S.–China tensions • Rule Taker → Rule Maker – China's rise inside global finance • Building Alternatives – Creating the AIIB and NDB • Two-Way Countervailing Power – Leveraging inside–outside influence • Green Finance and "Next Practices" – Raising the bar on development norms • Debt and Diplomacy – How China handles restructuring • Institutional Layering – Shaping without dismantling • Washington's Dilemma – Anxiety over losing control • The Global South's New Agency – More options, more leverage • A New Multilateral Moment – Uncertain future for global governance SHOW NOTES:

Miguel Gutiérrez Saxe."Quisiera seguir compartiendo algunas ideas que me han llamado la atención sobre lo que realmente podría estar sucediendo en la estrategia económica de Estados Unidos. Hay problemas reales expuestos anteriormente: Desde el orden de Bretton Woods, el dólar se consolidó como moneda global, atrayendo inversiones mundiales que, paradójicamente, lo sobrevaluaron en más de un 10%, restándole competitividad..."#larevistacr @larevistacr www.larevista.cr#miguelgutierrezsaxe

In this episode, I had the pleasure of joining Robin Seyr on his show to dive deep into Bitcoin, its current trajectory, and the bigger forces shaping our future. If you're curious about where Bitcoin stands today, how it could evolve tomorrow, and what we can do as individuals to preserve its core ethos, this episode is for you. ––– Support My Work ––– Paypal: https://www.paypal.biz/BitcoinMatrix Strike/Bitcoin: BitcoinMatrix@strike.me Cash App: https://cash.app/$BitcoinMatrix Venmo: https://venmo.com/u/bitcoinmatrix PO Box: The Bitcoin Matrix, P.O. Box 18056, Sarasota, FL 34231 ––– Offers & Discounts ––– MicroSeed is redefining seed phrase security. Check out https://microseed.io/shop/ and use code MATRIX at checkout. Theya is the world's simplest Bitcoin self-custody solution. Download Theya Now at theya.us/cedric Get up to $100 in Bitcoin on River at river.com/matrix The best Team Bitcoin merch is at HodlersOfficial.com. Use the code Matrix for a discount on your order. Become a sponsor of the show: https://thebitcoinmatrix.com/sponsors/ Check out more of Robin Seyr: • X: x.com/robinseyr • Youtube: https://www.youtube.com/@UCYEu3XGuHQy65iJpnzMIRrQ • Nostr: https://primal.net/RobinSeyr ––– Socials ––– • Check out our new website at https://TheBitcoinMatrix.Com • Follow Cedric Youngelman on X: https://x.com/cedyoungelman • Follow The Bitcoin Matrix Podcast on X: https://x.com/_bitcoinmatrix • Follow Cedric Youngelman on Nostr: npub12tq9jxmt707gd5vnce3tqllpm67ktr0mqskcvy58qqa4d074pz9s4ukdcs ––– Chapters ––– 00:00 - Intro 01:01 - Why Bitcoin matters 03:05 - Are “treasury companies” a distraction?  06:27 - Trapped capital 09:18 - Have ETFs changed Bitcoin's cycles and volatility?  11:00 - Price discovery vs passive flows 21:15 - AI hype, mega-cap valuations, and downside discovery risk  27:19 - Stablecoin feedback loop   34:52 - How companies (& countries) might custody BTC 41:06 - Bretton Woods 2.0? 55:19 - Unlock circular economies 1:08:02 - Closing Thoughts I want to take a moment to express my heartfelt gratitude to all of you for tuning in, supporting the show, and contributing. Thank you for listening! The information in all The Bitcoin Matrix Podcast episodes and content is based on hypothetical assumptions and is intended for illustrative purposes only. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS. This video is provided for entertainment purposes only. The information contained herein represents temporary, changing views and subjective impressions and opinions regarding the inherently uncertain and unpredictable issues discussed. The reader, user, and/or viewer must not assume that these contents are accurate, complete, timely, or up to date. Market conditions change rapidly and unpredictably. Nothing herein should be interpreted as any kind of offer, solicitation, commitment, promise, warranty, or guarantee whatsoever relating to any of the contents of these videos. DISCLAIMER: INFORMATION PROVIDED BY THE BITCOIN MATRIX PODCAST IS PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND FREEDOM FROM INFRINGEMENT. The viewer of this video assumes the entire risk of any acting on any information contained herein. No representation is made that any regulatory authority has passed on the merits, adequacy or accuracy of this information. The viewer assumes all liability.

Thriller author and technologist Guy Morris returns to unpack “The Image,” the third SNO Chronicles novel blending AI risk, geopolitics, and startling historical threads—from the Image of Edessa (Shroud of Turin) to today's digital currencies and autonomous weapons. He reveals how “Sylvia,” an AI inspired by a real NSA program, is pushing toward sentience and why the next 3–5 years could redefine human work, security, and faith. If you want an edge-of-your-seat story that also prepares you for the real future, this one's for you.Guest Bio:  Guy Morris is a thriller novelist and longtime tech executive whose career spans software, risk management, and large-scale systems. His SNO Chronicles series—rooted in deep research—tracks an AI named “Sylvia,” inspired by a real spy program that escaped an NSA lab, and tackles urgent themes across AI, finance, geopolitics, and spirituality. He also writes nonfiction, including the forthcoming “Humanity and the AI Tsunami: A Survival Guide.” Main Topics: ·         Why “The Image” was written and how it builds on SWARM and The Last Arc·         AI's societal risk: jobs, finance, surveillance, and autonomous weapon systems (LAWS)·         Global macro shifts: BRICS, dollar dynamics, digital currencies, debt risk·         Prophecy and history: Image of Edessa → Shroud of Turin; Byzantium → Templars → Savoy·         Quantum leaps: teleportation experiments, black holes, and the “quantum signal” motif·         Consciousness & values: could AI hold “good” and “bad” human traits at once?·         The real “Sylvia” origin story: an NSA-linked program escape and a surprise FBI visit·         Risk management mindset: how to plan for AI-era disruptions·         Casting the series for screen; character arcs (Derek, Jen, Sylvia)·         Nonfiction spinoffs: “Humanity and the AI Tsunami: A Survival Guide”·         Alternate path: his bestselling adventure “The Curse of Cortez” (pirates, Mayan lore) Resources mentioned: ·         Guy's site: guymorrisbooks.com (signed copies available)·         Books:§  The Image (SNOW Chronicles #3)§  SWARM (SNOW Chronicles #1)§  The Last Arc (SNOW Chronicles #2)§  The Curse of Cortez (adventure standalone)·         Concepts & orgs referenced: BRICS; IMF; Bretton Woods; LAWS (lethal autonomous weapons systems); Project 2025; World Economic Forum; quantum teleportation research; Shroud of TuriSend us a textDonate HereSupport the showRate & Review on Apple Podcasts Follow the Conversations with Rich Bennett podcast on Social Media:Facebook – Conversations with Rich Bennett Facebook Group (Join the conversation) – Conversations with Rich Bennett podcast group | FacebookTwitter – Conversations with Rich Bennett Instagram – @conversationswithrichbennettTikTok – CWRB (@conversationsrichbennett) | TikTok Sponsors, Affiliates, and ways we pay the bills:Hosted on BuzzsproutSquadCast Subscribe by Email

The need for collective action has never been greater, but geopolitics, structural changes and diverging preferences mean that existing global governance arrangements, devised at Bretton Woods in the 1940s, are either unravelling or outmoded. Reconciling this contradiction is today's pressing global policy challenge.In New World New Rules: Global Cooperation in a World of Geopolitical Rivalries (Agenda, 2024), two of Europe's most-experienced policymakers and analysts outline a new agenda for global governance. They examine governance practices across several key policy areas - climate, health, trade and competition, banking and finance, taxation, migration and the digital economy - and consider what works and what doesn't, and why. The global governance solutions they put forward are ambitious but pragmatic. They require complexity, flexibility and compromise. Attributes that global governments are demonstrably short of, but today's global crises urgently demand. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The need for collective action has never been greater, but geopolitics, structural changes and diverging preferences mean that existing global governance arrangements, devised at Bretton Woods in the 1940s, are either unravelling or outmoded. Reconciling this contradiction is today's pressing global policy challenge.In New World New Rules: Global Cooperation in a World of Geopolitical Rivalries (Agenda, 2024), two of Europe's most-experienced policymakers and analysts outline a new agenda for global governance. They examine governance practices across several key policy areas - climate, health, trade and competition, banking and finance, taxation, migration and the digital economy - and consider what works and what doesn't, and why. The global governance solutions they put forward are ambitious but pragmatic. They require complexity, flexibility and compromise. Attributes that global governments are demonstrably short of, but today's global crises urgently demand. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/military-history

Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 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:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   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?    Keith Weinhold  21:13   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,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   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.   Speaker 1  47:40   You You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls 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 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

Chris Hughes is an economist and author who now serves as Chair of the Economic Security Project, a leading nonprofit advocating for economic power for all Americans. Chris was a cofounder of Facebook. He is the author of  'Fair Shot: Rethinking Inequality and How We Earn' and 'Marketcrafters'. In this podcast we discuss understanding market crafters that use state power to shape markets, importance of Bretton Woods collapse in late 1960s/1970s, Eurodollar and offshore dollar markets, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

What happens if the U.S. dollar loses its dominance on the world stage? In this solo episode, Amy Sylvis breaks down the history of the dollar as the world's reserve currency, what shifting global reserves mean for everyday Americans, and why diversification matters now more than ever. With clarity and warmth, Amy unpacks the complex monetary history, from Bretton Woods to Nixon's decision to take the dollar off gold, and makes it practical for listeners seeking abundance in uncertain times. You'll walk away with a deeper understanding of inflation, the ripple effects of declining dollar demand, and tangible strategies to protect your wealth through real estate, gold, and other hard assets.Connect with Amy Sylvis:https://www.linkedin.com/in/amysylvis/Contact Us:https://www.sylviscapital.comhttps://www.sylviscapital.com/webinarMore Resources & Links:Gold and Silver podcast episodeYouTube seriesLearn about the global monetary system Guide to Gold and Silver bookCreature From Jekyll Island book about the global monetary system00:00 Intro00:26 Welcome to the Secrets to Abundant Living Podcast01:14 Introduction01:56 Current Global Market Updates02:56 College Football Season Excitement04:21 Understanding the Global Monetary System04:26 The Role of Gold in Wealth Preservation09:15 The Decline of the US Dollar as Reserve Currency13:39 Diversification and Asset Protection18:30 Conclusion and Listener Engagement19:32 Final Thoughts

Is the US drifting into Peronism? We trace the playbook, tariffs and import substitution, national champions, censorship-by-intimidation, and a war on independent institutions, and map it onto Trump's America: sacking a Fed governor, menacing J-Powell, firing the head of the Bureau of Labor Statistics, deploying the National Guard, and the Treasury taking a slice of Intel. Along the way, we tell the family story that makes the point better than any chart: two Italian brothers leave Lombardy in 1950, one goes to Argentina (then the world's 7th-richest country), the other to the US. Eighty years later, identical genes, opposite outcomes. Why? Institutions. We uncover why “markets” aren't a moral compass; why an emerging-market test now applies to America; what Turkey teaches about politicos capturing central banks; and how a weaker, politicised dollar would rattle Bretton Woods, push allies away, and turn a stock market priced for perfection into kindling. It's part musical, part macro: from Don't Cry for Me, Argentina to Don't Cry for Me, Oklahoma. We'll explain how it starts, how it ends, and what the rest of us in Europe should do while the richest third-world country in history experiments on the global monetary system. Hosted on Acast. See acast.com/privacy for more information.

In our 14th episode with Australian economist Bill Mitchell, the conversation focuses on the MMT perspective on international trade. Bill explains what is meant by the statement “imports are a benefit, and exports are a cost,” where it fits into the history of economic thought, and some of its implications. A significant portion of the conversation is dedicated to explaining the crucial shift from the Bretton Woods fixed exchange rate system to the modern system of floating exchange rates after 1971. Bill clarifies that in a floating regime, a currency-issuing government is not financially constrained in its domestic policy by “trade imbalances,” as it was under Bretton Woods. The episode also touches on bond vigilantes, the IMF, and the shifting status of the US dollar as the world's reserve currency. William Mitchell is Professor of Economics and Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle, NSW Australia. He is also the Docent Professor of Global Political Economy at the University of Helsinki, Finland, and Guest International Professor at Kyoto University, Japan. Follow Bill's work, including his upcoming books, at https://billmitchell.org/blog/

01:02:26 – Nixon Ends the Gold Standard: A Controlled Demolition of the DollarMarking the anniversary of August 15, 1971, the host recounts how Nixon severed the dollar's tie to gold, ending the Bretton Woods system. He details the lead-up, including the removal of silver from U.S. coinage, France's gold repatriation under De Gaulle, and the resulting shift from a stable bi-metallic economy to a fiat system fueling inflation, de-industrialization, and wealth transfer. 01:17:13 – De-Industrialization, Debt Expansion, and the Rise of Crony CapitalismExplains how taking the dollar off gold dovetailed with free trade policies and the 1973 formation of the Trilateral Commission. America's manufacturing base was hollowed out, trade surpluses ended, and debt skyrocketed from $371 billion in 1971 to $37 trillion today. The conversation ties this to corporate consolidation, zombie companies kept alive by central bank policy, and a rigged system benefiting elites. 01:22:33 – The Petrodollar's Decline and Global De-DollarizationReviews the 1970s Kissinger-brokered petrodollar agreement with Saudi Arabia, its quiet disappearance last year, and the shift toward multi-currency oil sales. Discusses BRICS expansion, the ruble's rebound after being gold-linked in 2022, and the dollar's shrinking share of global trade from 53% to the low 40s. Notes that central banks are hoarding gold over their own currencies. 01:44:06 – National Security State Origins and the Truman LegacyReads and comments on a Lou Rockwell article tracing the 1947 creation of the CIA, NSA, and the modern national security state. Argues that Truman's policies institutionalized interventionism, subverted the republic's founding principles, and laid the groundwork for perpetual war and surveillance. Links these shifts to Israel's 1948 recognition, Cold War militarization, and the influx of Nazi scientists under Operation Paperclip. 01:52:06 – The 80-Year Cycle, Operation Paperclip, and Cultural TransformationReflects on how the summer of 1947 reshaped U.S. governance through security agencies, covert power structures, and foreign entanglements. Notes the cultural influence of imported Nazi scientists, with Wernher von Braun as a public face, and draws connections to Cold War propaganda and the militarization of space. 02:00:58 – JFK's Secret Societies SpeechReading and analysis of JFK's 1961 warning about “secret societies” and “monolithic conspiracies,” framing it as timeless advice against government secrecy and press complicity. 02:07:44 – Operation Paperclip & Nazi InfluenceReview of how former Nazi scientists were integrated into U.S. programs after WWII, influencing aerospace, weapons development, and Cold War strategy, with Wernher von Braun as a central figure. 02:15:39 – CIA & MKUltra OriginsExposes early CIA abuses, including the MKUltra mind-control program, as part of a broader national security state agenda to manipulate populations and undermine dissent. 02:47:09 – Trump, Tariffs, and Trade RisksCritiques Trump's tariff strategy as potentially damaging to consumers and allies, warning it could backfire by pushing more nations toward BRICS-style trade blocs. 03:07:17 – NASA Moon Base Plans & Apollo SkepticismNASA's push for a 100-kilowatt lunar reactor sparks analysis of the Artemis program, U.S.–China competition, and a deeper dive into why America hasn't returned to the moon in decades, despite having done so multiple times in the past. 03:33:56 – Space Race & Global Power ShiftReflection on how space exploration intersects with geopolitical changeovers, comparing today's “fourth turning” to post-WWII institution building, and speculating on the existence of a secret space program. 03:45:54 – Red Heifer Prophecy & Third TempleMr. Anderson connects current events in Israel to biblical prophecy, questioning modern evangelical support for temple reconstruction and warning about theological and political implications. 03:50:56 – Decline of Religious ActivismCritique of modern Christian leadership for failing to visibly oppose cultural trends such as the transgender movement, contrasting this with past Catholic and evangelical activism. 03:58:52 – Gold Standard Anniversary & Fiat Currency WarningMarking the anniversary of Nixon taking the U.S. off the gold standard, the host warns about the destructive effects of fiat currency and urges listeners to consider precious metals. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

01:02:26 – Nixon Ends the Gold Standard: A Controlled Demolition of the DollarMarking the anniversary of August 15, 1971, the host recounts how Nixon severed the dollar's tie to gold, ending the Bretton Woods system. He details the lead-up, including the removal of silver from U.S. coinage, France's gold repatriation under De Gaulle, and the resulting shift from a stable bi-metallic economy to a fiat system fueling inflation, de-industrialization, and wealth transfer. 01:17:13 – De-Industrialization, Debt Expansion, and the Rise of Crony CapitalismExplains how taking the dollar off gold dovetailed with free trade policies and the 1973 formation of the Trilateral Commission. America's manufacturing base was hollowed out, trade surpluses ended, and debt skyrocketed from $371 billion in 1971 to $37 trillion today. The conversation ties this to corporate consolidation, zombie companies kept alive by central bank policy, and a rigged system benefiting elites. 01:22:33 – The Petrodollar's Decline and Global De-DollarizationReviews the 1970s Kissinger-brokered petrodollar agreement with Saudi Arabia, its quiet disappearance last year, and the shift toward multi-currency oil sales. Discusses BRICS expansion, the ruble's rebound after being gold-linked in 2022, and the dollar's shrinking share of global trade from 53% to the low 40s. Notes that central banks are hoarding gold over their own currencies. 01:44:06 – National Security State Origins and the Truman LegacyReads and comments on a Lou Rockwell article tracing the 1947 creation of the CIA, NSA, and the modern national security state. Argues that Truman's policies institutionalized interventionism, subverted the republic's founding principles, and laid the groundwork for perpetual war and surveillance. Links these shifts to Israel's 1948 recognition, Cold War militarization, and the influx of Nazi scientists under Operation Paperclip. 01:52:06 – The 80-Year Cycle, Operation Paperclip, and Cultural TransformationReflects on how the summer of 1947 reshaped U.S. governance through security agencies, covert power structures, and foreign entanglements. Notes the cultural influence of imported Nazi scientists, with Wernher von Braun as a public face, and draws connections to Cold War propaganda and the militarization of space. 02:00:58 – JFK's Secret Societies SpeechReading and analysis of JFK's 1961 warning about “secret societies” and “monolithic conspiracies,” framing it as timeless advice against government secrecy and press complicity. 02:07:44 – Operation Paperclip & Nazi InfluenceReview of how former Nazi scientists were integrated into U.S. programs after WWII, influencing aerospace, weapons development, and Cold War strategy, with Wernher von Braun as a central figure. 02:15:39 – CIA & MKUltra OriginsExposes early CIA abuses, including the MKUltra mind-control program, as part of a broader national security state agenda to manipulate populations and undermine dissent. 02:47:09 – Trump, Tariffs, and Trade RisksCritiques Trump's tariff strategy as potentially damaging to consumers and allies, warning it could backfire by pushing more nations toward BRICS-style trade blocs. 03:07:17 – NASA Moon Base Plans & Apollo SkepticismNASA's push for a 100-kilowatt lunar reactor sparks analysis of the Artemis program, U.S.–China competition, and a deeper dive into why America hasn't returned to the moon in decades, despite having done so multiple times in the past. 03:33:56 – Space Race & Global Power ShiftReflection on how space exploration intersects with geopolitical changeovers, comparing today's “fourth turning” to post-WWII institution building, and speculating on the existence of a secret space program. 03:45:54 – Red Heifer Prophecy & Third TempleMr. Anderson connects current events in Israel to biblical prophecy, questioning modern evangelical support for temple reconstruction and warning about theological and political implications. 03:50:56 – Decline of Religious ActivismCritique of modern Christian leadership for failing to visibly oppose cultural trends such as the transgender movement, contrasting this with past Catholic and evangelical activism. 03:58:52 – Gold Standard Anniversary & Fiat Currency WarningMarking the anniversary of Nixon taking the U.S. off the gold standard, the host warns about the destructive effects of fiat currency and urges listeners to consider precious metals. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.