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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. 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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.  

✦ On the 4th Monday of each month at Red Light Café, there's a variety show dedicated to chaotic goodness. It's called 'Joy Deficit' and the show always starts with a communal primal scream. City Lights Collective member Katina Pappas-DeLuca recently caught up with Joy Deficit's founder and host, Gina Rickicki, to tell us more about the scream and the show that follows. ✦ The Fulton County Arts Council does so many things. From undergirding and showcasing rising artists to highlighting established talent, to elevating the profile of Atlanta and Georgia on the international stage. With all of that, the Fulton County Arts Council is also still dedicated to partnering with local organizations to create stellar programming that is accessible to all. On September 26 at 7:30 pm, the arts council, in partnership with Art Farm at Serenbe, will be bringing jazz and soul vocalist extraordinaire, Rhonda Thomas, to Gainey Hall in Chattahoochee Hills. City Lights Collective Co-host Jon Goode recently discussed the upcoming night of Jazz with David Manuel, the director of The Fulton County Arts Council. ✦ Although Atlanta has a relatively small Italian population compared to other U.S. cities, the Italian industrial footprint thrives in Georgia. This week's "The Made in Italy Expo" spotlights how the country is showing up in the Southeast, and WABE arts reporter Summer Evans has more. ✦ City Lights Collective members Jasmine Hentschel and EC Flamming, the creatives behind Atlanta's visual art print magazine, "GULCH", want you to get out and engage with the city's art scene. Each week they spotlight five standout happenings, and today their mix includes an Atlanta stop for Adam Davis's project to capture 20,000 tintypes of the black diaspora at Atlanta Center for Photography, experimental installation at Say That Studios which takes place inside a room-sized camera obscura, and work from environmental artists at Spruill Gallery that's sure to spark some existential questions about your relationship with nature. ✦ Atlanta has culinary experiences that range from fine dining to dining that's simply fine, but a good glass of wine can elevate any meal. City Lights Collective members Tory and Sawyer Vanderwerff believe you should feel just as inclined to pull out the corkscrew regardless of the star level of your meal. They spend their time looking for the best and most unpredictable food and wine pairings throughout Georgia, and today, they share what happens when Magic City meets Chateau Elan.See omnystudio.com/listener for privacy information.

The U.S. saw August deficit of $345 billion. How did gold and bitcoin react? The US government posted a $345 billion deficit in August, with its revenue of $344B overshadowed by $689 billion in spending. The net interest at $93 billion highlights the growing pressure that rising borrowing costs are placing on federal finances. Will this have any impact on the upcoming Federal Reserve interest rate decision? CoinDesk's Jennifer Sanasie hosts “CoinDesk Daily.” - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

In this episode, Scott Becker discusses the troubling combination of increasing unemployment and soaring deficits.

In the first episode of our new series, Jo and Ashleigh quiz Ed on what the intimacy deficit is, why he's written a book about it, where he struggles with intimacy himself – and, of course, whether he should get a dog. Resources mentioned and related The Intimacy Deficit Ed ShawHave You Been Intimate with Anyone Recently? Andrew Bunt Keswick Convention talks on the intimacy deficit Kaleidoscope

In this episode, Scott Becker discusses the troubling combination of increasing unemployment and soaring deficits.

Sign up for the Jason Hartman University Event this coming September https://www.jasonhartman.com/Phoenix . Also don't forget to register for our FREE Masterclass every second Wednesday of each month at https://jasonhartman.com/Wednesday  In the introduction, Jason primarily focuses on two key topics: upcoming investment opportunities and a significant legal scandal. He first details an upcoming Phoenix event that will introduce attendees to methods for extracting home equity without affecting existing low-interest mortgages or incurring new monthly payments, and reveal a novel property investment type offering high monthly income relative to purchase price. Subsequently, he transitions to a scathing exposé of Marco Santorelli, a former competitor accused of defrauding investors of $62.5 million through a Ponzi scheme involving bogus promissory notes, with Jason using official government and news sources to highlight the severity of the charges and the devastating impact on victims. Jason then joins Gene Morris of Rebel Capitalist.  He asserts that the market is currently experiencing minimal distress, despite ongoing debates about a housing deficit, which he estimates at 4.5 million homes. He argues that housing inventory remains exceptionally low when adjusted for population growth, comparing current levels to those of the 1990s and 2017 but with a significantly larger population. Jason critiques the S&P 500's real returns, claiming they are almost nonexistent when adjusted for inflation, which he believes is understated by the CPI. He advocates for real estate as a superior investment strategy due to its ability to leverage debt, with tenants covering costs and offering substantial returns, far outpacing inflation, especially in a "ludicrous mode" scenario of 15% appreciation. Jason concludes that real estate prices are unlikely to crash without a significant number of distressed homeowners and that even a slight decrease in mortgage rates could unlock millions of new buyers, further exacerbating the existing supply-demand imbalance. #HousingMarket #RealEstate #HousingDeficit #InventoryLevels #HousingAffordability #MortgageRates #PropertyAppreciation #IncomeProperty #LeverageInvesting #CashOnCashReturn #BeatInflation #StockMarketVsRealEstate #S&P500 #CPIUnderstated #RealVsNominal #FinancialEngineering #MarketDistress #RebelCapitalist #Doomers #InvestmentStrategy #DemandSupply #UnmetDemand #NewBuyers #RentalMarket #HousingShortage #LongTermInvesting #AssetClass #ShelterIsNecessary   Key Takeaways: Jason's editorial 1:33 Sign up for the Jason Hartman University Event this coming September https://www.jasonhartman.com/Phoenix 2:02 A couple of big announcements 7:47 4 reasons to join the JHU event 9:37 Sponsor: https://www.monetary-metals.com/Hartman 10:09 The Marco Santarelli scandal Jason's interview with Gene Morris 15:45 Update on Housing inventory  17:23 S & P 500 versus Inflated Adjusted Returns 18:47 Power of leverage 20:59 September ICE mortgage monitor and delinquencies 21:54 An asteroid hitting the US, Consumer expectations and financial engineering     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

This week on Jay Garvens Home & Mortgage Talk, Jay will discuss the Colorado Legislative Special Session & the State Deficit.  There is very important information in regards to overspending! Dave Fleming from Pella Windows... The post THE COLORADO LEGISLATIVE SPECIAL SESSION & THE STATE DEFICIT – 09-06-25 appeared first on Jay Garvens.

Protests gripped France nationwide on Wednesday as the newly appointed prime minister, Sébastien Lecornu, assumed office. Protesters demonstrated their anger at potentially massive spending cuts, as opposition lawmakers defended their counter-proposals to tackle France's debt and deficit. So what's in their plans? Plus, Danish pharma giant Novo Nordisk announces a plan to cut 9,000 jobs as the maker of Wegovy and Ozempic struggles to turn its fortunes around. 

French President Emmanuel Macron has picked defence chief Sébastien Lecornu as his new prime minister, a day after François Bayrou was voted out by parliament. The 39-year-old Lecornu's immediate priority will be to try to forge consensus on a new budget, before forming a government. If this year's budget were to be carried over into next year, France's fiscal deficit, already the highest in the EU, is predicted to widen further. 

You experience it while playing the newest edition of your favorite video game. You…

DATCP Secretary Randy Romanski talks to Farm Director Pam Jahnke about the proposed changes to ATCP 10 and ATCP 12 to increase fees for livestock auction markets, dealers, and truckers. The public comment period starts Sep. 11. The rulemaking process can take up to 2.5 years. Romanski says there hasn't been a fee increase since 2008-2009. The fees bring revenue to support essential services, such as animal health administration, which is currently operating at a deficit.See omnystudio.com/listener for privacy information.

You experience it while playing the newest edition of your favorite video game. You notice it after a good run or workout.  Whether you're gardening, painting, meditating or even savoring...

Liberal Spending Spree: Carney Debt Disaster IncomingBecome a supporter of this podcast: https://www.spreaker.com/podcast/radio-baloney-the-richie-baloney-show--4036781/support.

DOGE CANADA? Pierre Poilievre Demands Cuts To Government WasteBecome a supporter of this podcast: https://www.spreaker.com/podcast/radio-baloney-the-richie-baloney-show--4036781/support.

In this episode, Chris breaks down the exact steps he'd take if fat loss had stalled, even while eating in a deficit. From double-checking calorie accuracy, to adjusting training, recovery, and daily habits, you'll hear the no-fluff process that ensures progress keeps moving in the right direction.

Guest: Tom Korski, Managing Editor at Blacklock's Reporter https://www.blacklocks.ca/ Alex is joined by Tom Korski to break down the top political and policy stories making headlines: Austerity Budget Ahead? Prime Minister Mark Carney says he will table an “austerity budget” this fall, as the federal deficit runs 55 percent higher than projected. What are the implications for Canadians and government spending? Foreign Labour Under Fire: With unemployment among Canadian students at a 15-year high, Conservative MPs are calling for an end to the Temporary Foreign Worker Program. Meanwhile, the Immigration Department defends it as a way to “attract talent.” Marijuana Road Testing Lags: A Public Safety report shows that devices used to detect marijuana-impaired drivers are so unreliable that some police forces are waiting for better technology. What does this mean for roadside safety and enforcement? Academic Freedom and Global Conflict: A B.C. Supreme Court decision rules that university faculties can pass resolutions on international issues, such as the war in Gaza. The ruling comes after Simon Fraser University faculty members challenged anti-Israel motions. Learn more about your ad choices. Visit megaphone.fm/adchoices

When people don't trust their institutions, the social fabric of a society is weakened. But that “trust deficit” can — and must — be closed. In this episode of our Future of Africa series, we explore innovative and practical approaches to enhancing trust and cooperation between people and their institutions -- from grassroots communities to global multilateral forums. Featuring Samson Itodo, a renowned advocate for electoral integrity and youth participation in Nigeria; Joseph Asunka, CEO of Afrobarometer; Chernor Bah, Minister of Information and Civic Education from Sierra Leone; and Chimdi Neliaku, a member of the African Union's Panel of the Future and Special Assistant to the Hon. Speaker, House of Representatives of Nigeria on Interparliamentary Affairs and Public Relations, this conversation showcases positive pathways to inclusive governance. Drawing on inspiring personal journeys, Samson shares insights from mobilizing young voters in Nigeria's democratic processes; Chernor brings decades of advocacy experience as a youth leader who successfully integrated young voices into high-level peace, reconciliation, and education campaigns—now working from within government to broaden civic engagement and transparency in Sierra Leone; Chimdi reflects on empowering African youth within AU initiatives, showing how the next generation positively shapes governance; and Joseph brings years of public opinion research to explain the drivers of this trust deficit. Together, they highlight how inclusive leadership and effective citizen-government dialogue foster stronger trust, accountability, and intergenerational cooperation. Effective governance depends on mutual trust—between citizens, governments, institutions, and international organizations. This episode explains how that can be achieved. Samson Itodo represents dynamic young leadership in civil society – he has organized young voters and driven campaigns like “Not Too Young to Run,” giving him on-the-ground perspective on citizens' democratic aspirations and frustrations. Joseph Asunka offers a data-centric perspective, drawing from Afrobarometer's extensive public opinion research across Africa. His expertise in governance, accountability, and citizen engagement sheds light on the continent's internal dynamics influencing its external relations. Chernor Bah brings unique insights from both grassroots advocacy and government leadership, having led global youth initiatives, co-founded the A World at School campaign, and now as Sierra Leone's Minister of Information and Civic Education, actively broadening civic engagement and strengthening trust in government. Chimdi Neliaku represents the young communities and grassroots viewpoint – a young changemaker experienced with the Global Shapers Community and AU's youth initiatives, advocating for the next generation to have a seat at the table.

New Orleans is facing a budget deficit of over $100 million. How do we fix that? We talk with City Council budget chair Joe Giarrusso.

It's been a while since I hosted a long-form livestream on Nerds for Humanity. Between shorts, behind-the-scenes projects, and life's chaos, I hadn't sat down for a deep conversation in some time. That changed when I brought on two co-conspirators, Ram and Spidermang, both collaborators on our board game Nerds for Democracy. What started as a behind-the-scenes look at a passion project turned into a far-ranging and sobering discussion about U.S. politics, tariffs, debt, 2028 contenders, and the health of our democracy.This post is my attempt to distill that conversation into an essay for my fellow political junkies who couldn't make the livestream. What follows is analysis, commentary, and reflection, peppered with direct quotes from Ram and Spidermang. If you lean center-left and find yourself both fascinated and horrified by American politics, you'll find this read worthwhile.Part 1: From Board Game to Real PoliticsWe started with our board game, Nerds for Democracy. Ram, an AI researcher and avid game designer, recalled how our collaboration began:“I didn't realize Tom was such a politics aficionado. Once I realized that, I pulled out an old concept I had and we started working on it.”The game itself is designed around the absurd, chaotic, and unpredictable nature of American politics. Players collect “choice cards,” face “major events,” and debate topics that range from serious policy to whether pineapple belongs on pizza. Spidermang summed it up well:“The universal feedback was that everybody had fun. Even people not into politics found it accessible. It's a competition, stuff happens, you adapt, and you try to beat the other players.”What struck me in revisiting the design process was how much the game mirrored real politics. Unpredictable events. Media chaos. Shifting voter moods. And the constant need to adjust strategy. It was a fitting prelude to the heavier political conversation that followed.But more than a mirror, Nerds for Democracy is also an invitation. It's a way for friends and families to engage with politics without the toxicity that dominates our newsfeeds. Instead of doomscrolling, you sit around a table, roll dice, argue passionately over whether trucks are better than SUVs, and maybe sneak in a debate on universal basic income. Along the way, you laugh. You groan. You cheer. You conspire with your allies and plot against your rivals.Ram highlighted how laughter was a constant during playtesting:“I have not been in a single play test where people were not laughing out loud. That's the best part for me. People are enjoying playing the game.”That's no small feat. Politics has become a source of dread for so many Americans. To take that same subject and design a game that sparks joy, humor, and connection—it's something special. And it's why I'm so proud of this project.We deliberately designed mechanics to keep everyone involved, even if they fall behind. As Spidermang noted, a player in last place isn't doomed:“There are ways that they can influence and help another person win or sabotage the other person. That's personally my favorite part.”This makes Nerds for Democracy different from many strategy games where early mistakes doom you to irrelevance. Instead, it reflects the reality of politics, where underdogs can play kingmaker and longshots can surprise everyone. That dynamic keeps the game competitive and fun until the very end.The art and design also add a layer of charm. From humorous “breaking news” cards to realistic “major event” scenarios, every deck in the game balances playability with wit. One round you might be forced to respond to a cyberattack; the next, you're navigating a viral scandal about an unflattering beach photo. Sometimes you're boosted forward, other times set back. Just like real campaigns.We've poured countless hours into refining the mechanics, incorporating feedback, and testing with a wide range of players. The result? A game that entertains political junkies while staying approachable for people who normally avoid political conversations. As I said on the livestream, this crossover appeal was a pleasant surprise. It means the game works not just as a hobby for nerds like me, but as a bridge for families, classrooms, and friend groups looking for something new to play together.And here's the kicker: we're offering a limited Founders' Edition of the game. Not a mass-market cash grab, but a passion project produced in small batches. If you pick one up, you're not just buying a board game—you're joining the earliest circle of players who helped shape it, laughed through its debates, and maybe even get immortalized in future editions. This first print might well become a collector's item, the kind of quirky artifact you pull off the shelf years from now and say, “I was there when it started.”If that appeals to you, shoot me an email at tom[at]nerdsforhumanity.com. We'll make sure you get a copy while supplies last.Part 2: Tariffs and Trump's Economic TheaterRam pivoted us toward a topic he'd been thinking about—tariffs. His framing was simple but devastating:“Who exactly pays when a tariff is levied? It's us as consumers. The way this government has been brandishing tariffs like a sword… I don't know if it's achieving the objective. There's more chaos, more confusion, and not enough time for domestic production to ramp up.”He's right. Tariffs are, in essence, a tax on American consumers. Trump has sold them as a populist tool to punish China or Vietnam, but the costs hit Walmart shoppers in Ohio and Costco shoppers in California long before they hit foreign exporters.Spidermang cut through the economics with a blunt reminder of lived reality:“It's just hard enough to make ends meet at the end of the month as it is. It doesn't seem like anything is happening to benefit people on the low end of the earning spectrum.”The irony is rich. Trump won in 2016 in part by railing against elites and promising affordability. Yet his trade policies operate as hidden taxes on the very working-class families who form his political base.Part 3: The Deficit, the ‘Big Beautiful Bill,' and the Illusion of Fiscal ResponsibilityOur conversation naturally shifted to debt and deficits. Trump and his allies promised to run America like a business, but the numbers tell a different story. In just eight months of his second term, we've already added $1.6 trillion to the deficit. The so-called “Big Beautiful Bill” is projected to add $4 trillion to the national debt, pushing us toward $40 trillion total.Ram put it plainly:“Tariffs actually increase taxes through the back door. Even if you cut income taxes, you're taxing people on their purchases. Unless domestic production fills the gap, they don't help. And uncertainty breeds narratives that we're losing trustworthiness with trading partners, which causes long-term damage.”The lesson here is grim: Republicans talk about fiscal responsibility, but when given the chance, they balloon the deficit. Democrats talk about protecting working families, but they, too, shy away from serious budget discipline for fear of political backlash. Bill Clinton's late-90s balanced budget looks like a historical anomaly rather than a precedent.And voters? Most seem not to care. We punish politicians for cutting spending or raising taxes but shrug when they quietly run up the national credit card. It's political theater, not sound governance.Part 4: The 2028 Field—Hope, Cynicism, and UncertaintyWe couldn't resist peering ahead to 2028. Ram predicted that JD Vance is “probably the clear Republican choice.” On the Democratic side, he saw Gavin Newsom as a frontrunner, with Kamala Harris a possible but weak contender.Spidermang, ever the underdog supporter, reminded us:“I was a Dean Phillips supporter. I was an Andrew Yang supporter. Whoever I support in the future is probably going to be along the same caliber—the underdog.”I shared my own enthusiasm for West Moore and Pete Buttigieg. Both are young, articulate, military veterans, and could present a dynamic ticket. But the sobering reality is that American politics is not kind to nuance or competence. It rewards attention-seeking, grievance-fueled campaigning. Which is why Vance looms large.What stood out most in this segment was not who we favored, but how quickly we admitted that chaos could rewrite everything. As Ram said:“If eight months have resulted in this much chaos, who knows what's going to happen in the next two years.”Exactly. Predicting the 2028 field feels almost silly when we haven't yet absorbed the full consequences of Trump's second term.Part 5: The Fragility of DemocracyPerhaps the most sobering thread was the fear—voiced half-jokingly by one viewer—that “there might not even be an election.” We laughed, but not entirely. After all, few of us believed Trump would ever refuse to concede in 2020, yet January 6th happened.Ram acknowledged that unpredictability is itself a political weapon:“Uncertainty breeds narratives. It's damaging the U.S.'s trustworthiness with trade partners, and it could cause long-term damage. Whether tariffs give short-term benefit or not is debatable, but the long-term risk is real.”That comment about trade applies just as much to democracy itself. Constant chaos, norm-breaking, and institution-shaking erode trust not just abroad but at home. Each new outrage lowers the bar for the next one.Conclusion: Fun, Fear, and the Fight AheadWhat began as a conversation about a board game ended as a meditation on America's precarious future. The through-line was clear: politics is chaotic, unpredictable, and often absurd. Our game captures that in cardboard and dice. But real life is no game.Spidermang reminded us that despite the dysfunction, ordinary people still laugh, play, and hope:“The bottom line is that the game is fun, and people that play it—they're gonna like it.”That optimism is worth holding onto. But the sobering analysis remains: tariffs that hurt consumers, deficits that balloon, a political system allergic to honesty about trade-offs, and an electorate seduced by grievance over governance.If we want better, we'll have to demand better—from politicians, from parties, and from ourselves.And if you want to take a small step toward engaging with politics in a healthier way, consider picking up Nerds for Democracy. It's not just a game—it's a conversation starter, a teaching tool, and a reminder that even in chaotic times, we can laugh, connect, and imagine a better future together. Every Founders' Edition we ship out is a signal that people care about building community through dialogue and play. The more of you who join in, the more likely we are to produce future editions with expanded decks, refined mechanics, and even Easter eggs contributed by early supporters. So if you've ever wanted to combine your political nerdiness with some tabletop fun, now's the time.Support the ChannelIf you found this conversation valuable and want to support independent political analysis, please consider becoming a YouTube channel member. Your support helps cover operating costs like livestreaming software, editing, and hosting. Plus, members get a shout-out on every livestream.Thanks for reading, nerds.Bye nerds. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nerdsforhumanity.substack.com

Ministerstvo financí Zbyňka Stanjury (ODS, Spolu) předložilo návrh rozpočtu na příští rok se schodkem 286 miliard korun. Zahrnuje totiž vedle zvýšených výdajů na obranu i vratnou půjčku na stavbu jaderných reaktorů v Dukovanech. „Je to součást veřejných investic a z mého pohledu je dobře, když jsou investice na dluh. V české populaci je hluboce zakořeněný omyl, že deficity veřejných rozpočtů jsou vždycky špatně. Ale to není pravda,“ zdůrazňuje ekonom Michal Skořepa.Všechny díly podcastu Interview Plus můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.

Les Etats-Unis font leur rentrée de septembre cet après-midi, après un weekend à rallonge. Hier, les places européennes ont généralement progressé, dans des volumes un peu creux. Avec plusieurs indices au zénith après un rebond spectaculaire démarré au printemps, les investisseurs ont tendance à se montrer un peu plus prudents à l'approche de plusieurs échéances importantes.

Roundup of the Week's Top Stories in Economics and FreedomDeficit Soars 20%. What's Driving it?Trump Fires Federal Reserve Swing VoteGerman Industry in “Free Fall”Social Security “Bankrupt” in 7 YearsHow Crime got so BadRead the full article "How Crime got so Bad" at https://www.profstonge.com/Visit our Sponsor: Monetary MetalsEarn 5% to 12% interest on your physical gold and silver, paid in physical gold and silver.Visit our Sponsor: CoinKiteProtect your Bitcoin with an Ultra-Secure Hardware WalletDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

This week's guest has a background in public relations. After a long career, he now focuses on Risk, Crisis and Emergency Communications. But pay attention resilience professionals. A lot of what he says applies directly to you.   Hello everyone and welcome to Episode 199 of the Resilient Journey Podcast, presented by Anesis Consulting Group!   This week, we're joined by Philippe Borremans - creator of the Wag the Dog newsletter and crisis communications expert. In addition to his consulting work, Philippe is dedicated to developing the next generation of crisis professionals. But, he explains, we have a problem. We simply don't have enough communications resources - and ironically, it's because we have a PR problem. Listen to how Philippe talks about communicating - and see how a lot of what he says can be applied to your work in resilience. Phil talks about "perma-crisis", "polycrisis" and much more .   Be sure to check out The Resilient Journey Hub: https://resilientjourneyhub.com  Be sure to follow The Resilient Journey!  We sure do appreciate it! Want to learn more about Mark? Click here or on LinkedIn. Special thanks to Bensound for the music.

On this episode of The Rate Guy we urge you to forget CPI—the Fed's watching jobs. Unemployment at 4.2% isn't the good news it looks like. We explain r*, clear up the natural vs. neutral rate confusion, and connect the dots from D.C.'s deficit and the 10 Yr Treasury. 

Ed's recent book, The Intimacy Deficit, helps us to think about our connection with God, ourselves, others, and creation. In this series we want to expand on the ideas in Ed's book, involving more voices in the conversation, and hopefully helping all of us to deepen our experiences of intimacy.

Senator Byron Pelton (R-1) joins Weld County Sheriff Steve Reams, in for Dan, to discuss Colorado's crisis of rough roads for drivers and a General Assembly special session that went nowhere.

We start with our usual 30 minute chit chat before moving into our Q&A.1. What made Brad realise Ash was really onto something with her health and fitness journey?2. When is the best time of year to be in a calorie deficit?3. I've just started fat loss – is now the right time to take creatine?4. What happens if I don't hit my daily protein target – will it affect muscle growth?5. Is BMI worth paying attention to, or should we just ignore it?The most valuable thing to a podcast is sharing your thoughts through a written review and a 5-Star Rating - it's the ultimate gift! If this episode left you inspired, we'd absolutely love just 1 minute of your time to leave your valuable rating and review. Your feedback means the world to us!Click here the link below to download your FREE Fat Loss GuideTo follow us: Ash: https://www.instagram.com/ash__lane/Brad: https://www.instagram.com/trainwithbrad/And to follow more on our journey across Aus - make sure you're following: https://www.instagram.com/thelanewayontour/To register for our FREE 5-Day Fat Loss Forever Challenge:Join here: https://www.ashlane.com.au/

Weld County Sheriff Steve Reams reflects on the horror of a mass shooting at a Catholic church and school in Minneapolis and the ineffectiveness of 'red flag laws.'Rep. Ty Winter (R-47), House assistant minority leader in the Colorado General Assembly, recaps the special session called by Governor Jared Polis to address a $1.2 billion budget shortfall. Was there anything meaningful accomplished in addressing the state deficit?

Welcome back! Today's episode is diving into a super common frustration, "I swear I'm eating in a deficit, but I'm not losing fat". If this sounds familiar, don't worry, your metabolism isn't "broken". What's happening is usually one of two things: either you're intentionally eating more than you think, or you're setting yourself up with habits that increase hunger and push you to overeat. September Shred waitlist: Join Here!Save 10% on HAPI supplements with code EmmaThe EmPowered Community free Facebook group Follow Emma on InstagramFollow Emma on Facebook

Lance Brozdowski digs into the Cubs' West Coast sweep of the Angels, talks about why Craig Counsell pulled Jameson Taillon at just 62 pitches and discusses top pitching prospect Jaxon Wiggins' return to the mound for Double-A Knoxville.

Economist Christian Briggs joins NTD News to analyze the Congressional Budget Office's new forecast showing President Trump's tariffs could slash the federal deficit by $4 trillion over the next decade. Briggs explains why tariff revenues are outpacing expectations, how upcoming Supreme Court challenges could affect their longevity, and why wage growth will be the ultimate test of success. He breaks down the timing of revenue inflows, the potential inflationary trade-offs, and how manufacturing jobs with six-figure salaries may expand the tax base and fuel GDP growth. A forward-looking conversation on whether tariffs can truly rebalance America's fiscal path.

French Prime Minister François Bayrou has warned that the nation is facing an "immediate danger" of over-indebtedness as he tried to rally support for his unpopular budget plan for 2026. Labour unions have threatened to bring France to a standstill with a general strike called for September 10. Plus, US President Donald Trump boasts that his government has paid "zero" for a 10 percent stake in embattled chipmaker Intel. 

Go to todaysautisticmoment.com for the transcripts.Routines, rules, honesty, problem solving and sensory care are the strengths that Autistics have to be successful. Philip, Carole Jean and Lisa Morgan talk about the current culture where Autistics and other intersectional identities are suffering because of a medical deficit culture, Autistics can use the strengths of Autism brings out the best in who Autistic people are. Join us fora conversation that is encouraging and honest.

NEW: Send us Your Comments!This Week's Topics:Watch: We are in a Hot Civil War 3:00FBI Raids John Bolton's Home 6:00Comey Leaked Classified Docs Too 9:30IRS Told to Stop Clinton Investigation 12:00Proof Biden did not Authorize Pardons 13:30Let's Charge them all with “Subversion” 16:00Missouri AG Bailey Joins Bongino at FBI 19:00Gabbard Fires 37 Intel Officials 21:30Then DNI Moves to Reduce Staff by 40%! 23:00Texas Finally Redistricts 27:00CA to vote on Nov. 4th to Redistrict 28:00Trump to Lead Fight against Mail-in-Ballots 32:00DEMs in Voter “Death Cycle” 36:00Rubio Reviewing ALL 55 Million Visas 41:00ICE to Flood Boston with Agents 45:30Trump Historic Ukraine Peach Talks Push 57:30Israel Ex-IDF Chief Admits to Genocide 1:02:00US Interfered in Romanian Election 1:05:00RFK Jr. Takes AAP to Woodshed! 1:10:00Experts Hid value of Natural Immunity 1:12:30Cracker Barrel Goes Woke 1:16:00US take 10% Stake in Intel  1:19:00Newsmax pays Dominion $67 Million 1:22:30Americans to get $3,752 Tax Cut in 2026 1:26:00Court Thrown Out Damages in Fraud Case 1:29:30SCOTUS Allows Millions in DEI Cuts 1:31:00Trump winning in DC Crime Crackdown 1:32:30300,000 Less Gov. Employees 1:39:00Tariffs will Cut $4 Trillion from Deficit 1:40:30Fed Chief Signals Interest Rate Cut 1:42:30Dems told to Talk Like Normal People 1:44:30Google Using Age Verification for Search 1:52:00Trump Calls up Troops in 19 States 1:54:00Support the showView our Podcast and our other videos and news stories at:www.WethePeopleConvention.orgSend Comments and Suggestions to:info@WethePeopleConvention.org

In this episode, Chris William breaks down the clear signs that your calorie deficit may be too aggressive. He shares how he personally gauges when he's pushed too far—whether it's through drops in energy, training performance, mood, or recovery—and explains why bigger isn't always better when it comes to fat loss. If you've ever wondered whether your deficit is sustainable or holding you back, this episode will give you the practical markers to look out for and simple adjustments to make.

In this episode, Scott Becker discusses the CBO's latest report projecting the federal deficit will grow by more than 22 trillion dollars over the next decade, adding to existing debt concerns and raising questions about long-term fiscal stability.

Today Jason is in Sedona, Arizona, discussing the current state of technology and living standards while sharing insights about the real estate market and his personal experiences as a house hunter. He analyzed various market trends, including inventory levels, housing affordability, and the future of real estate investments, particularly focusing on note investments and their potential returns. He concluded with insights about the current mortgage market, the impact of technological advancements on wealth creation, and the changing dynamics of the housing market driven by factors like AI development and inflation. Join us in Phoenix https://www.jasonhartman.com/Phoenix Invest in Notes https://www.jasonhartman.com/properties/ Join our FREE masterclass every second Wednesday of each month https://www.jasonhartman.com/wednesday/ #RealEstateInvesting #PhoenixPropertyTour #RealEstateNotes #LockinEffect #InflationInducedDebtDestruction #AI #HousingMarket #AdjustableRateMortgages #SedonaArizona #StubbornSellers #Inflation #GoldenAge #WealthCreation #StandardOfLiving   Key Takeaways: 1:36 Big spiritual vortexes 2:52 A mixed bag 4:08 Chart: National Single Family Inventory 4:39 My personal journey as a house hunter 6:10 Chart: Realtor.com - Active Listing Count  6:43 Stubborn or unmotivated sellers 8:56 Housing affordability is improving in these 11 places 9:46  Sponsor: https://www.monetary-metals.com/Hartman/ 10:24 Deficit of homes listed for sale nationwide and the demographic cliff 12:15 Make money in real  estate and NOTES 14:27 Sellers de-listing their properties 16:22 Chart: Redfin - Median sale price +2.1% 17:19 Chart: Statista - US inflation remained at 2.7% in July 18:36 Chart: A dollar's worth 21:46 AI is creating new billionaires at a record pace 27:22 Demand for adjustable-rate mortgages hits 3 year high 28:42 Register for our events     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com    

John Tamny, Political Economy Editor at Forbes, Senior Economic Adviser to Toreador Research & Trading, and Editor of RealClearMarkets.com, joins the show to discuss his new book, Deficit Delusion: Why Everything Left, Right, and Supply-Side Tells You About the National Debt Is Wrong. Tamny challenges conventional wisdom on federal spending and debt, breaking down why both sides of the political aisle have the story wrong and what Americans need to understand about deficits, growth, and the future of the economy.

In this episode, Scott Becker discusses the CBO's latest report projecting the federal deficit will grow by more than 22 trillion dollars over the next decade, adding to existing debt concerns and raising questions about long-term fiscal stability.

#114: On today's episode, Laura Caruso, relationship therapist, writer, and speaker, jumps on the podcast to share her story, how to navigate romantic relationships, and the importance empathy plays in our interpersonal relationships. She introduces her book (coming out soon), The Empathy Deficit, and talks about the dating struggles of her clients and even herself. The girls get into:our society's lack of empathy and how it's impacting our interpersonal relationshipshow we can navigate romantic relationships and heal dating woundsthe avoidant vs the anxious attachment tipswhat to do if you can't commitwhat to do if you struggle with emotional intimacyhow to keep the spark alivethe chase vs triggersnavigating relationship OCDhow to tell if there's hope to repair in a relationshipthe signs of an abusive relationship& MORE!CONNECT BELOW:follow Laura hereListen to Laura's podcast hereWork with Laura hereCONNECT with HAN:follow Han ⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠follow HOW I SEE IT ⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠shop the podcast merch ⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠work with Han: howhanseesit@gmail.com

Join the 90-Day Body Recomp Workshop tomorrow (Tuesday, August 19) at 12 PM Eastern for only $27 (replay included). Get Philip's complete system for simultaneous fat loss and muscle gain, plus a custom nutrition plan. Register at live.witsandweights.com--Think you need a calorie deficit to lose fat? Or months of bulking followed by months of cutting to reshape your physique?Think again.Body recomp (the simultaneous loss of fat and gain of muscle) isn't just possible... it's achievable for most people under the right conditions. Your body can become remarkably efficient at energy partitioning, directing nutrients toward muscle growth while mobilizing stored fat for fuel. This episode breaks down exactly how this works: how your body can simultaneously burn fat and build muscle, often without scale changes.Learn who can achieve this "impossible" feat and how to do it.Main Takeaways:Body recomp is simultaneous fat loss and muscle gain, possible even at maintenance caloriesYour body actively partitions energy based on training stimulus and protein intakeBeginners, detrained individuals, and overweight people have the highest recomp potentialScale weight becomes virtually useless - track strength, measurements, and photos tooEpisode Resources:90-Day Body Recomp Workshop - Tuesday, August 19, 12 PM Eastern ($27)Chef's Foundry P600 Non-Toxic Ceramic Cookware - 50% off at witsandweights.com/chefsfoundryTimestamps:0:01 - The scale weight paradox 3:45 - Body recomposition 5:06 - Why THIS is non-negotiable for recomp 6:48 - Energy partitioning and insulin sensitivity 9:30 - Who can achieve body recomp (spoiler: more people than you think) 12:27 - Detrained individuals 13:45 - Overweight or obese 15:09 - Older adults and advanced lifters 18:34 - What is required for body recomp & how to track 22:37 - Patience + realistic expectations 26:02 - Metabolic health improvements 28:39 - Sustainable physique developmentSupport the show

David Morgan Reveals Truth About Silver Deficit Headlines You've likely heard about the ongoing silver deficit, where demand has outstripped supply for the last 5 years now, and is on track to continue in the years ahead. But to make sure you're not being biased by some of the different headlines that are floating around, David Morgan reveals what you want to watch out for. To find out more, click to watch this video now! - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

This Flashback Friday is from episode 385 published last June 16, 2014. Ray Bourhis is a partner with the law firm of Bourhis & Wolfson in San Francisco, California, specializing in insurance bad-faith litigation. A graduate of Boalt Hall at the University of California, Berkeley, Bourhis has been a court-appointed Special Master overseeing reforms in the California Department of Insurance and was appointed by U.S. Senator Barbara Boxer to her Federal Judicial Selection Advisory Committee.  He was recently profiled by Ed Bradley in a 60 Minutes report concerning fraudulent insurance practices. Born and raised in Elmhurst, Queens, Bourhis credits an attempt by gang members to throw him into a blazing bonfire at the age of twelve with helping him develop the survival skills needed to deal with insurance companies. He lives with his family in Kentfield, California.   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com    

You're tracking your food, you swear you're in a calorie deficit, so why isn't the scale moving? In this episode, I'm breaking down the real reasons you might not be losing body fat even when you feel like you're doing everything right.Forget the oversimplified “just eat less” advice you see online, the truth may be far more nuanced. From sneaky calories to movement you're overestimating to a metabolism that's adapted, I'll walk you through what could actually be going on with your body.If you've been stuck, frustrated, and wondering if your body is just broken (it's not!), this episode will help you uncover what's really happening and how to start moving the needle again.Get Gut Personal HERE (my FAV supplements!)Do you feel like your metabolism has slowed down? Get my FREE course to truly learn how your body works so you can see long term success. Enroll here.Shop my FAVE things HEREWant access to exclusive content? Sign up for my newsletter here!

Guardians TV Analyst Al Pawlowski joins Afternoon Drive on The Fan. He talks about Gavin Williams poor outing following a near no-hitter, another great season for Jose Ramirez, if they have a chance to catch the Tigers in the AL Central, and more.

Jason and John Mauldin discuss the current state of the housing market, noting at while some areas face a shortage due to regulations and high costs, others have a surplus of homes. They highlight the impact of high mortgage rates relative to housing prices, pushing some into the rental market. Jason mentioned a record number of new apartment deliveries during the COVID-19 period, which is now subsiding, and they discussed the muted performance of the housing market overall, with some markets slightly up and others down. John suggested that sellers in many markets may need to adjust their expectations, describing a "barbell market" with high and low ends but a lack of mid-range options. https://www.mauldineconomics.com/frontlinethoughts #JohnMauldin #HousingMarket #HousingShortage #Tariffs #Homebuilders #MortgageRates #RentalMarket #ApartmentConstruction #InterestRates #Powell #Trump #FederalReserve #Inflation #Deflation #Disinflation #GovernmentDebt #GDPGrowth #Deficits #StockMarket #Dividends #PassiveInvesting #ActiveInvesting #PreciousMetals #Gold #BitcoinSkeptic #FinancialAdvice #AmericanExperiment #FreeMarkets #Crisis #DebtCrisis #AI #Robotics #Longevity #GlobalEnergy #NaturalGas #OilPrices #Protectionism #Globalization #ConsumptionTax #VAT #ThoughtsFromTheFrontLine #MauldinEconomics   Key Takeaways: 1:49 Don't be fooled by Bill Gates 2:50 John Mauldin and the housing shortage 9:58 Bitcoin and gold as insurance 11:32 Sponsor: https://www.monetary-metals.com/Hartman/ 13:31 Stock market 15:53 Inflation expectations and the bond market 18:52 The markets and geo-political noise 22:15 The American experiment is alive and well   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com