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Jeff Park is a Partner & Chief Investment Officer at ProCap Financial. In this conversation, we discuss bitcoin's recent drawdown and whether the market is in a true bear phase, the current interest rate backdrop, and the Fed's role in today's economy. We also cover the nomination of Kevin Warsh as Fed chairman, Jeff's outlook on precious metals, and a warning on one asset he believes investors should avoid going forward.=======================This podcast is sponsored by Abra.com. Abra is the secure way to access crypto and crypto based yield and loan products through a separately managed account structure.Learn more at http://www.abra.com.=======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.=======================Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/=======================0:00 - Intro0:56 - Is the bitcoin selloff sustainable?5:56 - Fed vs White House & is bitcoin looking forward or backward?13:10 - Kevin Warsh & the future of the Fed32:11 - Why precious metals are surging
Congress is "useless," the bureaucracy is built to be permanent, and the executive branch can only do so much, even when everyone is yelling "America First." In this episode, we break down why Trump can't simply delete agencies with a pen, why judges keep blocking funding throttles, and why Republicans keep signing and passing monster bills anyway. Key beats: Why "unitary executive" hits a wall when Congress created and funds the agency The USAID-style bloat example: US African Development Foundation, audits, fraud, and why it still survives The shutdown nobody noticed, the bill everyone signed, and why "later" always wins Voter ID polling vs the SAVE Act reality, plus why Real ID took forever If you're tired of the rhetoric and want to talk incentives, power, and what actually changes policy, this one's for you. Follow the show, leave a rating and review, and share it with a friend. 00:00 Introduction and Greetings 00:32 Join the Fed Haters Club 01:03 Upcoming Vacation and Show Plans 01:42 The "unitary executive" theory meets reality 02:26 Why the bureaucracy is designed to be permanent 03:19 Trump's Funding Decisions 06:12 The African Development Foundation 10:32 Congressional Inaction 18:09 Fraud Allegations and Judicial Blocks 23:50 Massie's amendment list: what got blocked 27:44 FISA, propaganda, and why "next time" never comes 37:17 Voter ID Debate and Public Opinion 46:08 Filibuster and Historical Context 47:35 Closing Remarks and Call to Action
This week's episode of Wealth Formula features an interview with Claudia Sahm, and I want to share a quick takeaway before you listen — because she's often misunderstood in the headlines. First, a quick explanation of the Sahm Rule, in plain English. The rule looks at unemployment and asks a very simple question:Has the unemployment rate started rising meaningfully from its recent low? Specifically, if the three-month average unemployment rate rises by 0.5% or more above its lowest level over the past year, the Sahm Rule is triggered. Historically, that has happened early in every U.S. recession since World War II. That's why it gets cited so much. And to be clear — it's cited a lot. The Sahm Rule is tracked by the Federal Reserve, Treasury economists, Wall Street banks, macro funds, and economic research shops globally. When it triggers, it shows up everywhere. That's not by accident. Claudia built one of the cleanest early-warning indicators we have. But here's the part that often gets lost. The Sahm Rule is not a market-timing tool and it's not a prediction machine. Claudia emphasized this repeatedly. It was designed as a policy signal — a way to say, “Hey, if unemployment is rising this fast, waiting too long to respond makes things worse.” In other words, it's a call to action for policymakers, not a command for investors to panic. What makes this cycle unusual — and why talking to Claudia directly was so helpful — is what's actually driving the data. We're not seeing mass layoffs. Layoffs remain low by historical standards. What we're seeing instead is very weak hiring. Companies aren't firing people — they're just not expanding. That distinction matters. And this is where I think the big picture comes in — not just for understanding the economy, but for investing in general. When you step back, the big picture includes a government with massive debt loads that needs interest rates to come down over time. It includes fiscal pressures that make prolonged high rates politically and economically painful. And it includes the reality that if the current Fed leadership won't ease fast enough, future leadership will. History tells us that governments eventually get the monetary conditions they need — even if it takes time, even if it takes new appointments, and even if it takes a shift toward a more dovish Federal Reserve. That doesn't mean reckless money printing tomorrow. But it does mean that structurally high rates are unlikely to be permanent. And when you combine that with investing, the question becomes less about this month's headline and more about what's positioned to benefit when the environment normalizes. That's why I continue to focus on real assets that are already deeply discounted — things like multifamily real estate — assets that were repriced brutally during the rate shock, but still sit at the center of a growing, rent-dependent economy. This conversation with Claudia reinforced something I've been talking about for a long time:The biggest investing mistakes usually happen when people zoom in too far and forget to zoom back out. I've made this mistake myself. If you want a thoughtful, non-sensational, data-driven discussion about where we actually are in this cycle — and what the indicators really mean — I think you'll get a lot out of this episode. Transcript Disclaimer: This transcript was generated by AI and may not be 100% accurate. If you notice any errors or corrections, please email us at phil@wealthformula.com. Welcome everybody. This is Buck Joffrey with the Well Formula Podcast coming to you from Montecito, California. Before we begin today, I wanna remind you, uh, listen, we’re back in, uh, back in the saddle in here in, uh, 2026. I know it’s takes some time to get used to it, but we’re, gosh, we’re at the end of the month actually by the time this plays. I think we’re in February. It’s time again to start thinking about investing. And so if you are interested in potentially using this year, which I believe and which many believe to potentially be the last year, uh, big discounts, uh, in real estate and, uh, various other types of offerings. Make sure. To sign up for the Accredit Investor group, our investor club, as we call it wealthformula.com. You do need to be an accredit investor and then you get onboarded. An accredit investor is just defined by who you are. If you make over $300,000 per year filing jointly, or 200 by yourself, every reasonable expectation to do so in the future. Or you have a net worth of a million dollars outta your personal, outside of your personal residence, you’re an accredit investor. Congratulations. Join the club wealthformula.com. Interesting podcast. Today we have, uh, Claudia Sahm She’s a Big Deal, Claudia Sahm. You may recognize that last name som, for this som rule. And what is a som rule in plain English. You actually have heard of the som rule multiple times from other economists who’ve been on the show. The som rule looks at unemployment. And asks a very simple question. Now, has the unemployment rate started rising meaningfully from its recent low? So specifically, if the three month average unemployment rate rises 0.5% or more above its lowest level, over the past year, this som rule is triggered. Now, historically, that has happened early in every US recession since the World War ii. That’s why it gets cited so much. It gets cited a lot. By the way, the sum rule is tracked by the Fed treasury economists, wall Street Banks, macro funds, economic research shops globally, and when it triggers, it shows up everywhere, and that’s not by accident. Uh, Claudia has built one of the cleanest early warning indicators we have, but here’s the part that often gets lost. The som rule is not a market timing tool, and it’s not a prediction machine. Claudia, uh, emphasized that repeatedly. It was designed as a policy signal, a way to say, Hey, if unemployment’s rising this fast, wait, waiting too long to respond makes things worse. In other words, it’s call to action for policy makers, not a command for investors to panic per se. So what makes this cycle unusual and why talking to Claudia directly was so helpful? Well, it’s what’s actually driving the data. We’re not seeing mass layoffs. Layoffs remain low by historical standards. Um, what we’re seeing instead is very weak. Hiring companies aren’t firing people, they’re just not expanding, and that distinction matters. This is where the big picture comes in, not just for understanding the economy. For investing in general and when you step back, the big picture includes a government with massive debt loads that need interest rates to come down over time. It includes fiscal pressures that make prolonged high rates politically and economically painful. I’ve mentioned this before and it includes the reality that have to fed, fed, uh, if the current Fed leadership won’t ease fast enough. I am likely the case that future leadership appointed by. Donald Trump himself, uh, will, so history tells us that governments eventually get the monetary conditions they need, even if it takes time, even if it takes new appointments. And even if it takes a shift towards a more dovish federal reserve. Uh, that doesn’t mean, uh, reckless money printing tomorrow, but it does mean that structurally. High interest rates are unlikely to be permanent. Okay? And when you combine that with investing, the question becomes less about this month’s headline and more about what’s positioned to benefit when the environment normalizes. Okay? That’s really, really important, and that’s why I continue to focus on things like real estate, right? Real estate is currently. Not for long, in my opinion, but deeply discounted things like multifamily real estate, um, that were repriced brutally during the rate shot, uh, but are still at the center of a growing and, and rent dependent economy. And again, uh, this conversation with Claudia reinforced something that I’ve been talking about a long time, which is the biggest investing mistakes usually happen when people zoom in too far and forget to zoom back out. I’ve made that mistake myself. I am not immune. I have made lots of mistakes, and that’s one of them. So this is a great conversation. Hopefully you’ll enjoy it, especially if you want a thoughtful, nons sensational data-driven discussion. Where we are actually at in this cycle and what these indicators really mean. I think you’ll get a lot of this episode and we will have this conversation for you right after these messages. Wealth formula banking is an ingenious concept powered by whole life insurance, but instead of acting just as a safety net. The strategy supercharges your investments. First, you create a personal financial reservoir that grows at a compounding interest rate much higher than any bank savings account. As your money accumulates, you borrow from your own bank to invest in other cash flowing investments. Here’s the key. Even though you borrowed money at a simple interest rate, your insurance company keeps. Paying you compound interest on that money even though you’ve borrowed it at result, you make money in two places at the same time. That’s why your investments get supercharged. This isn’t a new technique. It’s a refined strategy used by some of the wealthiest families in history, and it uses century old rock solid insurance companies as its backbone. Turbocharge your investments. Visit Wealthformulabanking.com. Again, that’s wealth formula banking.com. Welcome back to the show, everyone. Today my guest on Wealth Formula podcast is Dr. Claudia Sahm. Uh, she’s an American, uh, macroeconomic expert, uh, known for her work, uh, on monetary and fiscal policy and real-time economic indicators. She developed this som rule, which I think, uh, people have mentioned on this show before, so this is a great opportunity to talk to her about that. Uh, it’s a widely, uh, followed recession signal based on unemployment. She’s also a former Federal Reserve economist and senior policy advisor in government. Um, so welcome, uh, Dr. Sahm. Great. Happy to be here. Thank you. Well, let’s, let’s kind of start out with this som rule because, uh, you know, it’s funny, we, we have had a few different people, uh, at various times bring up the SOM rule, and I think one had actually said that it was triggered, but I don’t don’t think it was at any rate, let’s, let’s start with that. What is the som rule? Lemme start with why is there a som rule, and then we’ll then we’ll get to specifically what the, what the rule is itself. So when I started out on the project, it wasn’t so much about. Calling a recession, like there are some really fancy technical ways that economists like look at the tea leaves and the data and either try to forecast a recession, which is incredibly hard, or even just say we’re in a recession in real time. So like that’s a useful endeavor. But what actually was behind the development of my recession indicator was more of a call to action. How do we develop policies that, that the Congress can put into place very quickly if a recession comes? So these kind of what are referred to as automatic stabilizers, so they’re decided upon ahead of time, but then you do need a trigger that says a recession is here. So now that enhance the unemployment benefits, send out the stimulus checks, whatever it is that we kind of have as our typical tools that are used in recessions, we could have those ready to go as kind of guardrails. Then like you, you turn the policy on. So that was really my emphasis was on how do we do better policy and recessions, get the support out quickly. ’cause that’s the best chance of kind of stabilizing the situation. And then it’s like, well it was in a, it was in a policy volume that they asked for, like a really concrete proposal. So if I’m gonna say an automatic stabilizer, I need to have a proposal for what a trigger could be. So that’s really where the som rule came. So I think it is important. It’s definitely important to me to, I always remember like what the kind of reason for it’s sure. Now that also guided what the indicator itself looks like. So again, it was gonna be in, in fiscal policy. It needs to be simple, it needs to be something that we track it and it needs to, I felt it was important that it capture the reason that we. Fight recessions, why there’s such a bad, uh, you know, outcome. And so it looks at the, the unemployment rate. I use the national unemployment rate, take a three month average. ’cause we wanna smooth out, like there’s bumps and wiggles in the data from month to month. So you kind of, you know, three month average. One way to smooth it out. So you take that series of three month averages, you look at the current value, you compare to the lowest value over the prior 12 months, if you’ve seen an increase of a half, a percentage point or more. Which is really pretty modest, but half a percentage point or more. Historically, we have been in the early months of a recession, so it’s not a forecast. It’s supposed to be like we’re in it. Let’s go. It’s an empirical pattern. It’s one that’s worked in the United States. It reflects kind of our labor market institutions, the way unemployment rate moves and recessions. It historically is the case that once you get past a certain threshold of increased unemployment rate, it tends to build on itself. And in a typical recession, we see increases of. Two, three or more percentage points in the unemployment rate. Uh, so that’s, that’s what the summer rule is. And in fact, it did trigger in the summer of 2024. At that time I had said like, look around, we are not in a recession. GP is still expanding. Job creation is still happening. We don’t see the other hallmarks of a recession. And pointed to the fact that we’d had a very disrupted labor market after the pandemic in particular. You know, there had been a lot of immigration at that point. The unemployment rate is the total number of unemployed. So people who don’t have a job but are actively looking for one out of the labor force, right? And so these people that have to either be employed or looking for jobs, and so we actually saw from the pandemic. Both with the pandemic and then later with the surge and now the reversal in immigration. We’ve seen a lot of movement in the, in the labor force, which makes unemployment rate a little tricky to interpret. And then I’d also argue, we saw early in the pandemic, the unemployment rate dropped very rapidly. We even had labor shortages. So in some ways unemployment rate rising and it has risen over. I mean, it continued to rise last year in 2025. A lot of that’s also normalization. We’d had a very low unemployment rate. So I think the, the pandemic recession has a lot of features that were very unusual. We’ll talk probably more about the labor market continued to be kind of unusual. So the, you know, the somal was not the only recession indicator to fall flat on its face in the cycle. Um, but I think it’s still a useful, useful guide and I, and. You know, even if it’s not a recession, the, the unemployment rate is a full percentage point above, its low in 2023. So, I mean, that, that could, that could be a reason for policymakers to respond, even if it’s not responding to a recession. Right. That was the first time that it, that triggered and, and actually didn’t. End up in a recession, right? There’s some back in the 1950s, earlier, but it’s, it’s the first time where there’ve been some false positives in the past or, or near false positives. Like in 2003. It was kind of close, uh, is like the unemployment rate rises a little bit and then it falls back down. What we saw after it triggered in 2024 is it stabilized. Then last year it continued to rise. So this the pattern that we’ve seen since the pandemic of rapid recovery dropping unemployment rate and then it’s like gradually rising and yet has risen a full percentage point that you go all the way back in the post World War II period. We don’t see anything that looks like that. So that is a very unusual. Paris. So something’s more is going on in the labor market than just our typical business cycle, boom, bust, recession type dynamics. So what is that? What is the thing that’s happening that’s unusual right now in the labor market? Right? So the thing that is driving the unemployment rate up, I think this is a good lesson, a reminder to all of us. It’s not about layoffs. The rate of layoffs in the United States is really quite low. You look at unemployment insurance claims, they’re also quite low. What’s been pushing the unemployment rate up over the last two and a half years has been a very low rate of hiring and, and it’s, and it is something that over time will at least gradually put upward pressure on the unemployment rate and frankly. Until hiring picks up and we really don’t have many signs of it. Even as we enter 2026 unemployment rate’s gonna probably keep drifting up ’cause we’re not keeping job creation’s, not keeping up with, you know, people coming into the, into the labor market and, and that what’s, I think the puzzle right now is that hiring has been very low. But what we’ve seen in terms of consumer spending, business investment, so the kind of the big pieces of GDP, they’ve really held up pretty well, so. Business. It’s not, again, not that recession of the customers have disappeared. And so we’re not hiring, or we may even be firing workers. The customers are there for the businesses, but they’re choosing in this environment not to add, uh, to their payrolls. And that’s slowly pushing up down point rate. Yeah. Um, you know, it, it’s interesting what you’re, you’re talking about, but essentially you’re, people aren’t getting fired. They’re just, when they retire or leave, they’re just not replacing those. Individuals, you know, makes me think a little bit about what’s going on in the big, you know, in the tech push with artificial intelligence and that kind of thing, and increased in efficiency. Certainly you see that in the larger companies like Amazon and all that, where they’re just becoming massively more productive and cutting expenses essentially by, you know, using tech. Do you think that this is sort of an early indication, potentially of that kind of movement? So it. It’s possible, but I think we’re at the very front end of AI disrupting the labor market. This low hiring rate that we’ve talked about. You see this across all kinds of industries, including ones that don’t show high levels of AI adoption, and frankly, a AI adoption is pretty low. I mean, there are some sectors like tech and increasingly finance and some professional services have higher adoption rates. Uh, but in terms of it being able to explain the low hiring. I think it’s pretty tough ’cause the low hiring is such a, such a broad based, um, phenomenon. Now, AI might be, I think, indirectly contributing in that one of, one of the hypotheses about why, um, businesses have been, uh, not hiring despite, you know, economic activity. Continuing to push ahead could be that there’s a lot of uncertainty. Now there is a long list that we could draw of, of factors that might be causing businesses to be uncertain and hesitant to add to their payrolls. Uh, a lot of times you talk about things with tariffs or, you know, economic policy, regulations changing, you know, so there’s a lot going on there. But it could also be, there’s a lot of uncertainty about what this technology means for the future. Maybe you don’t need to bring on more workers because your ability to kind of use and adapt this technologies coming online. And so like that could be part of it. I think there’s another piece, you know, we have a lot of discussion about ai, but I do think that there’s, there could be a, a technology angle to this that’s, that is. Not in the AI technologies, but maybe just some of the more basic kind of automation is again, right after, you know, the, the pandemic recession as we came out of a, you know, very rapid recovery, uh, there was, there was a lot of hiring or that, ’cause businesses had done a lot of firing and they needed to bring back workers really rapidly and we actually had a period of labor shortages. There were workers moving around a lot and there were, that also put a lot of pressure on some employers, particularly in service sector, to automate more ’cause they just couldn’t get the workers, so they needed to bring technology. Online to help, you know, fill the gap. And over time, you know, businesses though, they haven’t done as much hiring, they have been firing. So the workers, they have longer tenures, have more experience, they’re probably more productive. So maybe businesses can kind of, you know, get away with not doing more hiring. ’cause the people they have there can kind of keep up with it. Um, and they’ve done some more automation. I don’t think those are sustainable. I think we’re going to need to see hiring pickup in terms of, of staying with, um, you know, as expanding, uh, demand from customers. But I won’t pretend to know what AI means for the future of the labor force. Right. So like there could be, I think that’s a big conversation about we’re headed, where we’re headed. I think it’s probably a pretty small slice of explaining. Where we’re at right now. You know, it’s interesting because obviously there was a lot of concerns about rising inflation, and particularly in the context of, you know, tariffs and, and among those types of things that were, were, um, coming down the pipe. And as it turns out, inflation seems to be coming down. How do you explain that from where you sit? Because it, it, it seems sort of to contradict a lot of what, you know, many economists believe to be likely. So when thinking about the effects of tariffs on inflation and this, this idea that it didn’t end up being as much of a factors we had really feared, uh, you know, a year ago. I think there’s a few things to keep in mind. One, the announced tariffs, uh. Didn’t come to pass fully. Right? So there’s a big difference between some of the, the, the initial announcements, whether it was on Liberation Day, April 2nd, or the initial kind of retaliation tit for tat with China, where we ended up with some triple digit, uh, tariff numbers. Those didn’t end up being where we, we ended now tariff, the effect of tariff rate. Is much higher than it was before. Right. Uh, president Trump came into office for the second time, so like, I don’t wanna minimize the, the, the increase in tariffs and the US government collected about $200 billion last year in, in additional tariffs. But there is a, there’s a good bit of daylight between what was announced and where we actually ended up. Businesses also proved very capable of trying to avoid those tariffs and not in like a. Illegal kind of way of avoiding them, but, but using inventories like trying to get ahead of them. We know the tariffs are tariffs. There’s been some evidence that, that it’s businesses are gonna start passing on the tariff cost increase when it’s actually tied to the inventories that they’re putting out in front of customers. And for some of our goods, like say apparel or things that have long seasons or come from, you know, all across the world, it actually takes quite a bit of time from the inventories being what actually shows up in front of customers. So there’s been the ability to. Kind of get around the tariffs ’cause they were rolling in. And so do be smart in terms of your inventories. And then it just takes time for those inventories to be, you know, um, to come down. Mm-hmm. By, there’s been several studies at this place, at this point that, that demonstrate that the, the tariffs, the cost of the tariffs is coming into the us. So the, it’s always the importer that pays the tariff, like literally writes the check to the US government. But it’s possible that the foreign producer could say, reduce their prices on what they’re, you know, paying or what they’re asking to be paid for that, uh, imported good. And then that would be a way of the foreign producer sharing the cost of the tariff. But everything that we see from the M Court data suggests that a very small fraction, probably less than 10%. Of the total tariff burden is being born by, at least at this point, born by the foreign producers. So it’s coming into the us. It’s sitting with either US businesses that are importing the goods or have the goods at some point in their, you know, in their supply chains and, and with us customers, the consumers we have, we’ve seen. I think you can really look at the inflation data. You can see the goods prices, which often are kind of a drag on inflation that they did turn around. They’re, they’re putting upward pressure on inflation. It’s not massive. It doesn’t explain all of these, you know, 200 billion in tariff costs, but then it is, it’s sitting with businesses. The effects still, it’s still just not that long enough to really understand. You know what, what the implications. It’s possible. I, I think that’s true with any, with any big policy change. Like it doesn’t happen overnight. I think that’s one thing that a lot of, a lot of economic models that, like, they’re, they’re very sensitive, right? Like as soon as a policy change happens, the models will kind of tell us something pretty dramatic in terms of adjustments. But this last year was a reminder, like when there’s, when there’s a big cost, there’s gonna be a lot of attempts to adjust around it to try to minimize that cost and then. It takes time, like in the real world, like the interactions are much more complex. You know, inventory lags all of the, like, it takes time to move its way through. So I think we’re not done with the pass through. I think we’ll probably still see more come to consumers, but businesses could decide to bear that cost. They, they could, you know, with profit margins. I mean some of, some of the inflationary environment in the pandemic did allow. There were very broad base increases in prices. You did see some companies be profitable from that because it was, there was a, you know, some of the costs were more targeted, but the, you know, the, the price increases were broad. So it could be a time where businesses see that, you know, consumers are more price sensitive now than they were in 21, 20 21, 20 22, so they’re not passing as much on it. Could be that that’s part of where. Like the cost businesses are dealing with that cost by maybe doing less hiring as opposed to passing it on to consumers. Uh, you know, they could be taking a hit with their profits. They, you know, so like, it doesn’t have to go all the way through to consumers. There are different levers that can be pulled. I do think we’ll still see some pass through in the, in probably the first half of this year, and that’s assuming that our whole tariff regime. Sit still, right? It looks like once again we might be, uh, increasing those tariffs, but, um, so yeah, I think it’s just tracing, you know, the tariffs through the system is really complicated. And one last thing I’ll say about the tariffs is they’re not just tariffs on goods that go to consumers. These tariffs have been broad enough that we’re also taring imported goods that are used by our manufacturers used for our, by our businesses in their production. So then it can take a really long time for that to end up with the, you know, the end customer could be a business to start with, and then it moves its way down. So I think these are just, you know, the costs are real. We can see the tariffs have been collected, the costs are there. We can see in the import data, there haven’t been import price data, there haven’t been a lot of adjustments by the foreign suppliers. So then it’s just a question of, we have these costs. Where did the cost go? I believe the last GEP was 4.3% and, uh, inflation was around 2.6, 2.7, or at least core. You’ve obviously, uh, worked at the Fed. Um, give us a sense of the situation that the Fed is trying to figure out here. Like what do they do with these numbers and, you know, all of the issues that surround them. The work at the Fed, I mean, it, it’s laser focused on the, the response, the mandates that the Fed has. So with maximum employment and price stability and with maximum employment, that’s not something that can be easily defined. It’s not like it’s a particular unemployment rate, it’s not a particular payroll number. But I mean, broadly speaking, it’s, you know, do, are, you know, the people who wanna work, are they working? In such a way that it’s not putting pressure on inflation, right? Like labor shortages that end up with wage increases that just, you know, end up with inflation. Like that would be a situation where the Fed would actually want to kind of help restrain some of the. Uh, employment growth. And we, we saw that in this cycle. I mean, the Fed raised rates a lot in 2022 and 2023. Uh, so that’s the maximum employment on the stable prices. The Fed has set a target of the 2%, uh, year over year PCE inflation. So a little different than the CPI inflation, but very much related. And, and it’s one, I mean, that’s, that’s the goal, right? And it, uh. So it starts with those two pieces and, and what’s been, I think what’s been challenging in say the last year as the Fed was, you know, trying to figure out what it was gonna do with interest rates was the fact that it, there was pressure on both sides of the mandate. Mm-hmm. Um, and not necessarily the, well, I mean, inflation itself has, was above the 2%. It continues to be above the 2%. Target has been. Since 2021. Now the Fed’s policy doesn’t have a look back, but I mean, they do worry that the longer inflation stays closer to three than two businesses. Consumers are gonna start to kind of embed three into their actions, their expectations. Then you kind of get stuck there. So like that, that both, you know, they were missing on the inflation mandate and there were, there were concerns that the, that we might see inflation get stuck above the mandate and the way you dislodge it if it gets stuck. Could end up risking a recession, right? So the Fed doesn’t want that to happen. So that’s a real concern. But then on the employment side, you know, we started out talking about the small rule, the rising unemployment rate. We’ve seen the unemployment rate rising. And then last year in particular, it wasn’t just the unemployment rate rising, we saw job creation just really take a leg down. Um. Some of that probably is less immigration population aging, so less supply of workers, which isn’t something the Fed would react to. ’cause that, I mean, if you don’t have as many people that wanna work, you don’t need to create as many jobs. But the unemployment rate was rising, so it’s clear, like there just wasn’t, there wasn’t enough job creation to keep up with, um, the workers who were there, uh, to work. And, and there was a concern that this could, could spiral out. Those small increased unemployment rate that, that very low level of job creation. And frankly, if you look at, I mean the, I mean, we have multiple months and probably more after revisions of declines in payroll employment. Mm-hmm. Like if you looked at the labor market data, you’d be like, aren’t we in a recession or like on the edge of one? Again, that’s not where we’re at, but it, it certainly gave that, that risk. Things could be slowing down. And, and the, the last piece that was really important in the Fed’s decisions was where, where’s the federal funds rate? Where are the interest rate, the policy interest rate they control? And it was still relatively high. For, for recent history, right. Not in the long history of the Fed, but mm-hmm. And so, like the Fed had raised, they’d raised interest rates quite aggressively to fight the inflation in 2022. They’d very gradually lowered it. Some was taken out in 2023 because made some pro, made quite a bit of progress on inflation in, or in 2024, they lowered the rates in 2025, the 75 basis points of cuts that the Fed did. It was out of concern. Of the labor market unraveling a risk, not a, not saying, hey, the labor market is unraveling, but saying the risk that the downside risk to employment are larger and more worrisome than the upside risk to inflation. So this inflation getting stuck, is that still the case as a going into 2026 here? So, you know, even, even last year we saw, we listened to Fed officials, there’s quite a bit of disagreement. Because it was a tough situation to read. There are some Fed officials that were more focused on inflation, some that were more focused on the employment side. Uh, and it really was just a matter of kind of reading the economy and trying to figure out this, a very unusual situation, like where, where was this headed? What did the Fed need to do? In the end, the consensus on the Fed was to do the rate cuts, kind of front load them. They talked a lot about it as insurance. They’re taking out insurance against the labor market deteriorating. And I think with that approach, in all likelihood, and there’s been certainly signaling of this, that when they meet at the end of January, it’ll, they’re unlikely to move again. That this is, this will be an opportunity to hold steady, be patient the Fed has, has taken out their restriction. So they don’t have the higher rates, so they’ve pulled rates down. We also know that early this year there’s various kinds of fiscal support that are coming online or tax cuts to households and to businesses that should give a little extra lift, uh, to the economy. So I think it’s a period of the Fed waiting to see what the effects of their policy changes are, seeing what the effects of the fiscal policy with the expectation this will be enough to stabilize the labor market. Even help get it back on track and really what the Fed would like. I mean, we’ll see what they get, but they’d really like the next cut to be a good news cut. Like inflation. Oh look, it’s moving back down again. We’re making clear progress back to 2%. I think that’s probably gonna take maybe even till the middle of this year to build that case. A strong case for the disinflation. Mm-hmm. But that’s, that’s what they would, would like to do. But they’re gonna keep an eye on the labor market. But nothing we’ve seen in the most recent data suggests that they gotta get moving like that. There’s some, you know, real pressure building. Um, in fact, the labor market looks a little bit better probably than when they met in December and inflation. Showing some signs of progress, but it, it’s pretty bumpy in terms of, there’s a lot of noise in the data at the moment. You mentioned, um, the Fed’s mandate and you know, certainly that’s something, um, that, uh, you know, that, that we know the Fed looks at these unemployment numbers that look at inflation. I’m curious though, that there’s, you know, there is this push and pull with the treasury. In particular, you know, looking at the amount of, of, of, of bonds that need to be refinanced, that kind of thing. I mean, presumably that’s one of the reasons why the Trump administration is pushing so hard, uh, on the Fed to reduce, um, you know, to reduce rates so that you know, this sovereign debt can be refinanced at a, something a little bit more palatable. How much of that actually. I know it’s not supposed to play a part in the Federal Reserve’s actions, but in reality is there, is there that kind of, you know, thinking that, you know, they have to, they, they may try to play ball a little bit with the, with the situation, with the debt. Yeah. There, the, the Fed is not playing ball right now with the administration. Uh, but, but there have been, there have been times in our past. So during World War II, there was an explicit cooperation between the Fed and the Treasury. The Fed kept interest rates low. Both the federal funds rates, so the short term interest rates, they also did, uh, some purchases of longer term to help keep longer term rates down. Right. So I mean, the, the Fed really, they, their policy was oriented exactly on this objective, keeping the borrowing cost of the US government low because it was financing the war effort. So, so there have been times where the Fed has cooperated with treasury. Now, when they came out of World War ii. What happened is, you know, treasury wants to keep interest rates low. This is good for, you know, the economy, good for growth, but it was, it really was creating a lot of inflationary pressures and it took until the early 1950s for the Fed to kind of regain its kind of operational independence from treasury and then go back to pursuing, you know, inflation as a key goal. And then also in the late seventies and maximum employment was added as an explicit goal. So we’re in a place now where. It’s employment, it’s inflation, it, there was quite, um, I mean, president Trump and some other officials have been, you know, very open about saying rates should be low to help with the deficit, with funding the gov. So like, it’s, it’s been in the discussion in the air. But that’s not, that’s not a mandate that Congress has given the Fed. That’s not what they’re pursuing. It does, you know, but things can change at the Fed. We’re gonna see a change in leadership this year with a new Fed chair. Um, the Fed always, I mean, Congress created the Federal Reserve. It’s changed its abilities, its responsibilities over time. I don’t wanna say that we’ll never get back to a place where the Fed thinks about. Its effect on the deficit. I mean, they’re watching it, they know, right? They’re tracking all these aspects of the economy. But in terms of what’s driving the Fed’s decisions about what the, the federal funds rate should be, that’s not part of the calculus right now. Yeah. Um, you know, another, just another question is for clarity. You know, the, the, um, officially right now there’s, there’s no quantitative easing. However, there is. Uh, you know, I’ve been reading, uh, about even, I think even today, there was a, a fair amount of liquidity, uh, being injected in by the Fed. Can you, for people who don’t understand the mechanics of this and what the difference in terminology is, can you explain to us maybe what the difference is between quantitative easing and what’s being done right now? So just as for context, where quantitative easing even came from. So if we go back to the global financial crisis in 2008, the Federal Reserve, in response to that recession, pulled the federal funds rate all the way to zero. Cut rates to zero And as sure many of us remember that that recession was a very deep and long recession. So, and the unemployment rate was, you know, 10% and inflation was not a problem. So the, the Fed would want in that environment to do more to support the economy. But when the federal funds rate is at zero, that’s, its, that has been its primary tool. Well, that’s, that’s. Stepped out. So then as a question of, well, what else could we do to help support the economy? And, and there, there were. Different possibilities. Uh, some European central banks looked at, you know, they actually did negative interest rates or tried to pull their policy rates, and that’s not what the US did. What was done was to do purchases of, uh, treasuries. Uh, there’s also been purchases of mortgage backed securities, and this is where the Fed is. I mean, and, and they’re creating reserves. So the fed, I guess, secretary, uh. Treasury doesn’t refer to it as magic money. Um, you know, they create reserves and then they’re going out and they’re buying tr so they’re pushing that liquidity, that demand into markets. And if you’re, if there’s a lot more demand for treasuries, well, the price of the treasuries will go up. The yield comes down. Interest rates go down. Yep. Interest rates go down. So they. They were, the Fed wanted to support the economy more. That was the tool that they used to do it. So when, when the Fed talks about quantitative easing, it’s not just the tool, the asset purchases, it’s also the intent, right? They wouldn’t do quantitative easing right now. ’cause if the Fed thought they really need to stimulate the economy more, they’ve still got like. More than three percentage points they could cut from the federal funds rate. Like if the issue were right now, we need to like get the economy going, they’re gonna like cut the funds rate and do it that way. They wouldn’t be pur like purchasing assets, purchasing treasuries to do that. But what what happened is between the global financial crisis, the Great recession, so all the asset purchases done then. There was some, some runoff of the balance sheet, but then again, in the pandemic there were a lot of asset purchases. Uh, the Fed has a really big balance sheet, and it has, uh, it, it kind of changes the way that the Fed can even just move around the federal funds rate. Like, I don’t wanna get too much into the, the technicals, but it’s, it’s just, you know, when the Fed says, well, we wanna lower the, the funds rate to 3.5%. In the old days, they could kind of do, you know, with the bank reserves and they could like, make these small purchases and it would, it would make that stick. Now with, there’s, uh, banks have a lot of reserves, so they’re not as responsive. And so just to kind of, there’s like the, the technical, the tools, the Fed has to just make it happen. In terms of operationally, it means that they have to do some purchases now and then they call their, I mean the new name they have for these are reserve management. Purchases. So it’s really about operations. It’s not about, but it does mean they’re purchasing assets. So if you’re just focused on like the Fed’s purchasing assets, they’re putting liquidity into the system. Yes, they are doing that, but it’s not with the intent to kind of push the economy to run harder. It’s just enough liquidity to keep. The federal funds rate stable at the level that they wanted to be at, to just make sure that all these operations are short in the very short term lending markets amongst banks, that it’s all kind of working as mm-hmm. As it should be. So it’s more about operations and it’s about stimulus policy. Right. A lot of our, um, a lot of our listeners are real estate owners, investors, and they’re, you know, they think about, um. Mortgage rates and that kind of thing. There was recently a, a pretty significant, well, I don’t know how significant it really was. I think it was about, was it maybe $250 billion worth of mortgage backed securities purchased by Fannie Mae. Um, that ca can you talk about the purpose of that and really the, you know, what kind of effect that would actually, we could actually expect from that. It’s certainly been, I mean it’s, it is clear. You know, we talked about one reason that the administration would want interest rates down. It’d be like financing the deficit. Right. Another reason that very much pulls into kind of the affordability debate is we want interest rates lower, one of them lower for consumers. Now the White House has put a lot of pressure on the Fed for them to lower rates even faster than they have. Has not played ball with that. But then the Fed has lowered its rates. The Feds rates are very short term rates, and the federal funds rate is like an overnight rate with between banks. Right. So it, and it has an effect on, you know. Credit card rates, short term rates, but it’s not one, it, it has an effect, but it’s really not like driving necessarily 30 year mortgage rates or you know, some of the longer term rates. There’s a lot of other factors that go into that, and so in this kind of, you know, push for lower mortgage rates. Pushing on the Fed is not the only lever to pull, right? The administration has other levers that they could potentially pull, um, in trying to influence mortgage rates. Now, there, I’d argue the administration’s tools here, like the, the $200 billion, Fannie and Freddie purchase that you mentioned. That really is about trying to reduce the spread. Between mortgages and treasuries. So in some ways it sounds similar, like, oh, fed and Franny, which are, you know, GSEs. So part, part of the, you know, government right now, at least they were privatized during the global financial crisis. You think, oh, they’re going out and purchasing this Sounds a lot like the Fed going out and purchasing. There are there, there’s some parallels, but we need to remember, Fannie and Freddie don’t create money. The Fed, when they start, when they start the process of their quantitative easing, they’re creating reserves like they’re actually creating liquidity and money supply. Fannie and Freddie have authorization to be able to make these purchases, but they’re not like the fed. They’re not creating reserves, but they can, so I don’t wanna think about them like bringing down the whole set of interest rates, but they can affect this spread between mortgages and say treasuries. Right? And so, because again, if you’re, if the. If the GSEs are going out, they’re purchasing mortgage backed securities, well that’s increasing demand for those, and that can push down the rates, that can like squeeze that spread. And, and while the announcement has been made, you know, I mean they’re, they’re in the early stages of putting that in place, but we even on the announcements, saw a response in financial markets and you’re seeing some movement down, uh, in mortgage rates now. It was. Pretty modest, right? And, and 200 billion while, you know, not nothing, uh, really pales in comparison to like the scale of say, the quantitative easing that the Fed did. Um, and there are probably other, but the, you know, the administration’s not done. It doesn’t necessarily have to be that Fannie and Freddie do more purchases. The the spread between mortgage rates and treasuries is pretty substantial. There’s other places where, you know, the fees that go into getting a mortgage are quite a bit larger than they were before the, the global financial crisis. So maybe they go in and try to chip away at the fees and, you know, so there’s, there’s different levers. And I fully expect, and I think we’re gonna get some announcements here again soon on the White Houses. Housing affordability agenda. So there may be other, other ways that they’re trying to, uh, influence, uh, the mortgage spreads. But that’s, that’s what that is all about. And it, it should have, and it looks like, you know, it’s having some effect in terms of bringing rates down, but it likely, it’d be modest, like in the 10 basis points, maybe 20 if they ramp up the program some. But like, it, you know, it’s, it, it, you know, every, every bit counts. But this is not a. Uh, this won’t be enough to, you know, move rates down, dramatic mortgage rates down dramatically, uh, when you, when you look at the economy. Um, and I, I, I think just, you know, one last question. I mean, I just in terms of, you know, the people listening to this are. They’re, they’re people, you know, with jobs and who are trying to invest their money, and they’re trying to, you know, build long-term wealth, but they’re, you know, everybody’s worried about what’s happening with the economy. What, what, what do you think, like, just as, um, um, you know, perspective for people to understand or try to have some framework for how to look at what’s going on in the economy. How they should judge it. Like what would you suggest, like just for mom and pop investors trying to, what is happening with the economy? I’m not an economist. What, what are the, what are the things that you think they should consider studying up on, looking into a little bit? One challenge for a lot of investors, I mean, frankly, it’s, it’s been a challenge that I try to deal with too. Uh, we’re, we’re in an environment where there’s just. There’s so much news coming out of DC uh, with the White House and policies and the Fed, and you know, I mean, like, there’s just, there’s a lot. The headlines are big. And like I talked about with the tariffs, we had like really big tariff announcements. The really scary numbers were, and then it like dialed back and then we pushed through it and it’s like, and it’s this remembering that, um. There’s always a tendency to have this idea that the, the president really runs the economy. I mean, that’s not just about this administration. That’s like a longstanding, you know, the president gets, uh, blame or credit for the economy when really, right. Like we have a over 33, $30 trillion economy, hundreds of millions of workers, tens of millions of businesses. Like this is not about one administration. And so we always need to be careful about. Putting too much weight on the policies coming out of dc. Uh, and you know, last year if you really just listened to all the, you know, we’re cutting immigration, we’re raising tariffs, we’re doing, you know, all, there’s a lot of uncertainty in Doge. Well then you might have missed, like, there’s a bunch of AI investment happening and we’ve got a lot of growth in the economy and while consumers are still pretty resilient, so you, it’s kind of like. Tuning down the volume, some coming out of Washington, especially the like every twist and turn. Uh, and then kind of focusing in on the fundamentals. I will say, you know, you don’t wanna turn down DC too far because we, we do have some like big picture events that could play out over many years. Right. So kind of keeping an eye on it, but for the long game. As opposed to reacting to every twist and turn, every policy announcement, because a lot of this clearly is more of a negotiation than it is like, we’re gonna actually do this. So, you know, as investors, you don’t wanna get whipped around by the latest headline, but you also can’t put your head in the sand. Like you gotta kind of try and find a way to pull the signal out of the noise. And it is really. It’s really hard. Yeah. Like this has been a challenging time and the, the US economy’s been doing things that are not typical. We talked about some of the things with the labor market and we are running some policy experiments that haven’t been run in a long time, so things could change pretty dramatically. But I think it’s just trying to absorb the information, not get too wound up about it, but like also keep an eye on like what’s good for long-term growth. Yeah. Because it’s good for long-term productivity. Thank you so much Dr. Sahm. It’s uh, it’s been a pleasure talking to you on, uh, wealth Formula Podcast today. Great. Thank you so much. You make a lot of money but are still worried about retirement. Maybe you didn’t start earning until your thirties. Now you’re trying to catch up. Meanwhile, you’ve got a mortgage, a private school to pay for, and you feel like you’re getting further and further behind. Now, good news, if you need to catch up on retirement, check out a program put out by some of the oldest and most prestigious life insurance companies in the world. It’s called Wealth Accelerator, and it can help you amplify your returns quickly, protect your money from creditors, and provide financial protection to your family if something happens to you. The concept. Here are used by some of the wealthiest families in the world, and there’s no reason why they can’t be used by you. Check it out for yourself by going to wealthformulabanking.com. Welcome back to the show everyone. Hope you enjoyed it. It was Claudia Sahm. She is, uh, she’s a very, very smart lady. And, uh, just a reminder, if you have not done so, uh, I, I don’t frequently ask to do, do this, but, uh, make sure you give the show. Five stars and a positive review because that’s how we’re getting, you know, really high quality people like Claudia on the show, I’ve been around for a long time. It helps that the show is, you know, like over a decade old and all that stuff too. But, uh, anything you can do to support would be very helpful. And also one more reminder, uh, if you have not done so and you weren’t a credit investor, make sure you sign up for that investor club. At Wealth formula.com. That’s it for me. This week on Wealth Formula Podcast. This is about Joffrey signing out. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheelwright and Ken m. Visit wealthformularoadmap.com.
The Loftus Party podcast with Michael Loftus! Here's just some of the news we're talking about this week: Of course we're making fun of all the idiots. That's job one. There's some big stuff happening with the Epstein story. We're going to try to stay positive. And remember that we the people run this show. That is key! We're making political waves and change. There's news on the fraud front and we are focused! DOGE, USAID, all of it! We're also talking about Hollywood and the Melania movie being such a huge hit! And yeah, Valentine's Day is coming up, and we have some great tips for ya! Want to show your support and get all the sweet ass extras? We're on Locals and Patreon. Join up. Join in. Then we begin! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
In this solo episode, Anthony Pompliano explores a key question facing investors today: Is Bitcoin in a bear market? He breaks down the recent drawdown, explains why this cycle looks different, and discusses how Wall Street adoption, shifting inflation expectations, and global risk dynamics are reshaping Bitcoin's price action.======================Simple Mining makes Bitcoin mining simple and accessible for everyone. We offer a premium white glove hosting service, helping you maximize the profitability of Bitcoin mining. For more information on Simple Mining or to get started mining Bitcoin, visit https://www.simplemining.io/======================BitcoinIRA: Buy, sell, and swap 80+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $1,000 in rewards.======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.======================0:00 - Is bitcoin in a bear market?7:28 - Why is this bear market different? 17:29 - Conclusion: where does bitcoin go from here?20:41 - CFO Silvia
Subscribe now for the full episode! Derek and Danny are joined by historian Alex Thurston to talk about the rise and decline of area studies in the United States. They discuss how regional expertise was once central to the management of American power; why policymakers increasingly ignored that knowledge when it existed; how programs like Fulbright, Title VI, and the Wilson Center fit into a postwar arrangement between the state and the academy; DOGE; the retreat of private foundations; the turn toward technocracy and quantitative approaches; and what the collapse of area studies says about the end of Progressive Era faith in expertise. Read Alex's piece for Foreign Exchanges, “The Decline and Fall of Area Studies.” Statement from SSRC on ending its International Dissertation Research Fellowship program. Learn more about your ad choices. Visit megaphone.fm/adchoices
Donica Brady lost her job after the Trump administration cut grant funding to bring solar power across the country, including to tribal nations. She picked up multiple jobs to make ends meet. That, in addition to caring for children, whittled down Brady's free time. So she invited reporter Ilana Newman over when she found a quiet moment—while skinning a deer—to talk about what the loss of solar funding meant to her and her community. “When the opportunity came up to work and help us get something established…it was huge,” she said.Brady was one of many Indigenous people working to build energy sovereignty for tribal nations—work that continues despite the administration clawing back federal funds. This week on Reveal, we're diving into how small communities across the country are navigating the current administration's policies and how they show up in everyone's lives, no matter where you are in this country. We've partnered with The Daily Yonder to share a story about the solar energy hopes of tribal nations; The Tributary in Jacksonville, Florida, to learn how local and state DOGE are complicating efforts to run the city; and Idaho-based reporter Heath Druzin to hear how the Trump administration's immigration policy is rupturing the state's Republican Party. Support Reveal's journalism at Revealnews.org/donatenow Subscribe to our weekly newsletter to get the scoop on new episodes at Revealnews.org/weekly Connect with us on Bluesky, Facebook and Instagram Learn about your ad choices: dovetail.prx.org/ad-choices
Peter Schiff is the Chief Economist of Euro Pacific Asset Management and the Chairman of Schiff Gold. In this conversation, we discuss the state of the U.S. economy, inflation, tariffs, the weakening dollar, and the outlook for gold, silver, and bitcoin. We also dive into global trade, monetary policy, and engage in a heated debate over whether tariffs and a weaker dollar help or hurt the economy.====================BitcoinIRA: Buy, sell, and swap 80+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $1,000 in rewards.As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.====================0:00 – Intro2:31 – Why metals are ripping9:41 – Tariff fight: who pays + price examples20:02 – Inflation data debate (CPI vs real-time metrics)23:29 – AI: deflation vs inflation argument28:15 – Can the U.S. rebuild manufacturing fast?39:44 – Gold vs Bitcoin debate49:44 – Peter Schiff's portfolio breakdown52:56 – “If inflation is low, why buy bitcoin?”56:56 – Schiff plugs: gold, funds, newsletter1:00:45 – Closing thoughts
This is a free preview of a paid episode. To hear more, visit andrewsullivan.substack.comJon and I go way back to the early days of the marriage movement and before. He's currently a senior fellow at Brookings and a contributor editor at The Atlantic. He's written many landmark books, including Kindly Inquisitors, The Constitution of Knowledge (which we discussed on the pod in 2021), and Cross Purposes (which we covered last year). His new essay in The Atlantic, “Yes, It's Fascism,” is a must-read.And this episode is, if you don't mind me saying so, a must-listen. One of the best conversations I've yet had on the Dishcast. Jon is always lucid and fair and thereby chilling.For two clips of our convo — on the glorification of violence by Trump and his officials, and the cowardice of mainstream conservatives — head to our YouTube page.Other topics: Trump smashing norms; his vile indecency; his early rallies; reveling in war crimes; suing everyone; the “mean tweets” defense; cultural degeneracy in America; the need for party gatekeeping; blood-and-soil nationalism; Plato on tyrants; Stephen Miller's “iron laws”; the Zelensky meeting and “having no cards”; the assassination attempt on Trump; the reprehensible Randy Fine; ICE using white nationalist anthems to recruit; anonymous masked agents; the Pretti and Good killings; the racial element of ICE roundups; the Somali fraud scandal; the over-politicization of DoJ; the two legal systems under the Nazis; Carl Schmitt; the blanket pardon for all Jan 6-ers; Vance meeting with AfD; Heritage Americans; birthright citizenship; Greenland; Venezuela; Christian nationalism; evangelical loyalty to Trump; his Board of Peace; the vandalism of DOGE; Vought's evil genius; the East Wing demolition; violent threats against moderate Republicans; the woke playing right into Trump's hands; and fears that he will manipulate the midterms.Browse the Dishcast archive for an episode you might enjoy. Coming up: Jason Willick on trade and conservatism, Zaid Jilani on the Dems, Derek Thompson on abundance, Tiffany Jenkins on privacy, and Michael Pollan on consciousness. Please send any guest recs, dissents, and other comments to dish@andrewsullivan.com.
Republican California gubernatorial candidate Steve Hilton announced the launch of CAL DOGE, an initiative aimed at uncovering corruption and identifying an estimated $250 billion in fraud. Jan 28th 2026 --- Please Like, Comment and Follow 'The Ray Appleton Show' on all platforms: --- 'The Ray Appleton Show’ is available on the KMJNOW app, Apple Podcasts, Spotify, YouTube or wherever else you listen to podcasts. --- 'The Ray Appleton Show’ Weekdays 11 AM -2 PM Pacific on News/Talk 580 AM & 105.9 KMJ | Website | Facebook | Podcast | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
Bob Murphy is a Senior Fellow at the Mises Institute and Chief Economist at Infineon. In this conversation, we discuss Federal Reserve policy, tariffs, and what's really happening in the U.S. economy. We break down the housing market, inflation, and what it all means for your wallet—plus Bob's Austrian economics perspective on gold, bitcoin, and the road ahead.=======================BitcoinIRA: Buy, sell, and swap 80+ cryptocurrencies in your retirement account. Take 3 minutes to open your account & get connected to a team of IRA specialists that will guide you through every step of the process. Go to https://bitcoinira.com/pomp/ to earn up to $1,000 in rewards.=======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.=======================0:00 – Intro1:52 – Why gold has outperformed bitcoin5:06 – Fed vs White House: power, politics, & “independence”17:03 – Tariffs, trade deficits, & inflation outlook22:06 – Stablecoins: why they matter & key risks28:34 – Economic data: what to trust?
Tuesday on the News Hour, the Trump administration changes its leadership for immigration operations in Minnesota after public backlash from two deadly shootings. Taiwan fears that the American operation to oust Venezuela's leader might embolden China to invade. Plus, we hear from the whistleblower who said DOGE mishandled Social Security data, a claim the Justice Department now admits is true. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Governor Josh Shapiro sounds nervous that an audit of Pennsylvania's welfare and voter rolls may uncover some bad things, as Philly DA Larry Krasner tells ICE he'll go after them. Why so touchy, Lar? DOGE chair Rep Tim Burchett uncovers an outlandish money scheme involving many members of Congress who buy real estate that they then lease back to the government after voting for real estate investor tax breaks that benefit them. Senator Katie Britt raises major eyebrows by selling a bunch of stock and not reporting it.
Jason and Asher replace Rob with a much more humane and humble co-host, Elon Musk, to explore the feasibility of harnessing the entire sun to power AI superintelligence. We come away perplexed that not much of the excellent reporting on the environmental, energy, and financial risks of the AI boom address the googleplex-sized elephant in the room – that both AI success and failure lead to immiseration. Originally recorded on 12/3/25.Sources/Links/Notes:“Colossus 1” Search Engine podcast, November 21, 2025“Colossus 2” Search Engine podcast, November 21, 2025Episode 77, "The Elon Musk Episode about Elon Musk Brought to You by Elon Musk", Crazy Town podcast, June 14, 2023“Elon Musk on DOGE, Optimus, Starlink Smartphones, Evolving with AI, Why the West is Imploding” All In podcast, September 9, 2025“Is there an A.I. Bubble? And What if It Pops?” The Daily, November 20, 2025 Hanna Rosin, The Atlantic, “What If AI Is a Bubble?” The Atlantic, November 13, 2025Related episode(s) of Crazy Town:Episode 77, “The Elon Musk Episode about Elon Musk Brought to You by Elon Musk”Episode 84, “Escaping Technologyism: Dreams of AI Sheep and the Deadliest Word in Film History”Episode 101 “Even AI Chatbots Hate Us: The Rise of the New Luddites, with Brian Merchant”
Planning a trip to Venice, Italy and want to go beyond the tourist checklist? In this episode, we're sharing our ultimate Venice travel guide, packed with must-see sights, hidden gems, and local food experiences you don't want to miss. We cover the best things to do in Venice, from iconic landmarks to lesser-known areas, plus our favorite cicchetti crawl—including where to eat in Venice like a local and which bacari are actually worth your time. You'll also hear our honest tips on where to stay in Venice, whether it's your first visit or a return trip. If you're wondering: What are the best things to do in Venice, Italy? Where should you eat in Venice (beyond overpriced tourist traps)? How to have an incredible cicchetti crawl What are Venice's best hidden gems? Which hotels are best to stay in? …this episode has you covered. Whether you're planning a first trip to Venice or looking for fresh ideas for a repeat visit, this Venice destination guide will help you plan a more authentic, delicious, and stress-free trip. Tune in for practical travel tips, foodie recommendations, and everything you need to know before visiting Venice. Relevant Links (may contain affiliate links, meaning if you make a purchase through these links, we earn a small commission-at no additional cost to you!): -Hotels: -AC Hotel Venezia: https://booking.stay22.com/worldwidehoneymoon/wR053N4vao -Al Mascaron Ridente: https://booking.stay22.com/worldwidehoneymoon/IRp1zeZN6c -Hotel Arlecchino: https://booking.stay22.com/worldwidehoneymoon/xxiOw4O307 -Water Taxi Ticket: https://getyourguide.stay22.com/worldwidehoneymoon/bHMSwqDIeS -VIP Boat Cruise: https://fas.st/t/MpipKTDN -San Marco After Hours Tour: https://fas.st/t/e3ycFNCy -Doge's Palace Ticket (Including Museo Correr Ticket): https://getyourguide.stay22.com/worldwidehoneymoon/oYnYxgUQe7 -Day Trip to Murano/Burano: https://fas.st/t/QnDfjWCw Things to Do in Venice: -San Marco Square -Doge's Place -Bridge of Sighs at Doge's Palace -Museo Correr -San Marco Basilica (tour linked above) -VIP boat ride in Venice (linked above) -Gondola ride *You can do a quick ride across the Grand Canal for like €2-3 too! -San Pantalon Church to see the Martyrdom and Apotheosis of St Pantalon -Campo Santa Margherita -Leonardo da Vinci La Mostra di Venezia -Palazzo Contarini del Bovolo -Museo di Palazzo Grimani -Ride a Vaporetto -St. Mark's Campanile -Campanile di San Giorgio Maggiore Where to Eat in Venice: Our cicchetti crawl: -Cantina do Mori -Enoteca al Volto -La Cantina -Vino Vero Other Restaurants: -Antico Gatoleto Ristorante Pizzeria -Trattoria Agli Artisti -Pasticceria Nobile -Hostaria Osottoosopra -La Lanterna Da Gas Traveling to France? Check out our Facebook Group called France Travel Tips to ask/answer questions and learn more! Don't forget to follow along! Instagram: https://www.instagram.com/worldwidehoneymoon Facebook: https://www.facebook.com/worldwidehoneymoon TikTok: https://www.tiktok.com/@worldwidehoneymoon World Wide Honeymoon Blog: https://worldwidehoneymoon.com France Voyager Blog: https://francevoyager.com Subscribe to the World Wide Honeymoon blog here for monthly updates and tips + get our FREE trip planning guide: https://www.subscribepage.com/o4e5c2
The Steve Gruber Show | The Psyop Exposed: Climate Lies, ICE Chaos, and Global Meddling --- 00:00 - Hour 1 Monologue 16:18 – Dr. Michael Hutchison, inventor of the NeuroGuard+. Dr. Hutchison explains how this innovative mouth guard reduces the risk of concussion by more than 99 percent, with results tested and certified by Michigan State University and Wayne State University. He discusses why concussions remain one of the biggest concerns in sports and how NeuroGuard+ could be a game changer for athletes at every level. Visit neuroguardplus.com. 19:00 – Dudley Brown, President of the National Association for Gun Rights. Brown discusses growing friction between gun rights groups and Trump administration officials following a shooting in Minnesota. He explains where disagreements are emerging and what it could mean for Second Amendment advocacy. 28:00 – Dr. Peter A. McCullough, MD, MPH, Chief Scientific Officer at The Wellness Company. Dr. McCullough explains why Americans should consider stockpiling prescription medications alongside food and water during major emergencies. He also covers must-have prescriptions, first aid kits, and provides updates on flu and COVID trends this winter. Visit twc.health/GRUBER and use promo code GRUBER to save 10%. 38:40 - Hour 2 Monologue 47:04 – Dr. David Maimon, Head of Fraud Insights at Sentilink and known as the “Undercover Professor.” Dr. Maimon exposes a massive dark web crime ring draining hundreds of billions of dollars from the federal government. He explains how cybercriminals operate and why stopping them is increasingly difficult. 57:06 – William J. Watkins, Jr., constitutional law expert, practicing attorney, research fellow at The Independent Institute, and author of The Independent Guide to the Constitution. Watkins explains how the United States is testing the limits of federal power. He discusses constitutional boundaries and the long-term consequences of overreach. 1:15:40 - Hour 2 Monologue 1:34:24 – Rep. Parker Fairbairn, representing Michigan's 107th House District. Fairbairn discusses how mismanagement at MDHHS is threatening federal support for rural healthcare. He explains what's at stake for vulnerable communities across the state. 1:43:16 – Ivey Gruber, President of the Michigan Talk Network. Gruber talks about relentless winter weather, ice accumulation on the Hudson River, and why past climate change predictions have missed the mark. The segment also touches on DOGE efforts to root out waste, fraud, and abuse — and a reminder to stay away from wild animals. --- Visit Steve's website: https://stevegruber.com TikTok: https://www.tiktok.com/@stevegrubershow Truth: https://truthsocial.com/@stevegrubershow Gettr: https://gettr.com/user/stevegruber Facebook: https://www.facebook.com/stevegrubershow Instagram: https://www.instagram.com/stevegrubershow/ Twitter: https://twitter.com/Stevegrubershow Rumble: https://rumble.com/user/TheSteveGruberShow
The Rod and Greg Show Daily Rundown – Tuesday, January 27, 20264:20 pm: Ammon Blair, Senior Fellow at the Texas Public Policy Foundation and a former Border Patrol agent, joins the show for a conversation about his piece for Fox News on how mass immigration is economic warfare.4:38 pm: Representative Tyler Clancy joins Rod and Greg to discuss the details of a piece of bipartisan legislation on Utah's Capitol Hill that aims to help solve open cases of violent crime in Utah.6:05 pm: Dr. Kurt Miceli, Chief Medical Officer at Do No Harm, joins the show to discuss a bill being considered by Utah lawmakers that would prohibit giving cross-sex hormones and puberty blockers to minors.6:38 pm: Steve Malanga, Senior Editor of the Manhattan Institute's City Journal, joins Rod and Greg to discuss his piece about how red state governors are using Elon Musk's DOGE model to fight fraud and waste in their states.
Leaders of the Senate Finance Committee want answers from the Social Security Administration about DOGE sharing its data. Chairman Mike Crapo and Ranking Member Ron Wyden are asking SSA what agency data was shared with outside groups. The Justice Department recently told a federal court that DOGE staffers at the agency discussed sharing agency data with an advocacy group looking to “overturn election results” in some states. DOJ referred the two DOGE employees for potential violations of the Hatch Act.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
The Patriotically Correct Radio Show with Stew Peters | #PCRadio
Turning Point USA and Erika Kirk are issuing cease and desist orders against people questioning the uncomfortable inconsistencies surrounding Charlie Kirk's assassination — no transparency, just intimidation. Instead of answering questions, they're trying to shut us down. Turning Point USA, under Erika Kirk's regime, is in meltdown—firing 30-40 insiders in a desperate hunt for the mole leaking info about shady embezzlements, Fort Huachuca plots, and the DOGE audit fallout. John Jubilee joins Stew to expose how Energized Health's inner cellular hydration protocol turned his dad bod into peak strength stronger than his 20s.
The Social Security Administration says members of Elon Musk's DOGE team working at the agency accessed and shared sensitive data. The latest disclosure from the Trump administration seemed to confirm some key concerns first raised in a whistleblower complaint filed by the agency's chief data officer, Chuck Borges. Geoff Bennett spoke with Borges and his lawyer, Debra Katz. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Send us a textTonight our friend Karla Wagner from AxMITax.org is back on the show and she thinks we should vet our governor candidates as you would your daughters future husband, and I agree. Tonight she will continue her fight to end property taxes here in Michigan and what we must to to help. The federal DOGE model should be the ordinary, not the extraordinary and needs to happen in every state. Axmitax.org is the beginning of Michigan's Doge because when the people prosper, the State will prosper. The elimination of property taxes is so much more than the elimination of property taxes! Karla Wagner, founder and executive director of https://www.axmitax.org/ AxMiTax.org which is A Citizen's Ballot Initiative to Completely Eliminate Property Tax. SUPPORT THE SHOWBuy Me A Coffee http://buymeacoffee.com/DangerousinfopodcastSubscribeStar http://bit.ly/42Y0qM8Super Chat Tip https://bit.ly/42W7iZHBuzzsprout https://bit.ly/3m50hFTPaypal http://bit.ly/3Gv3ZjpPatreon http://bit.ly/3G3Visit our affiliate, GrubTerra to get 20% off your next order of pet treats: https://bit.ly/436YLVZSupport the show using Buy Me A Coffee: https://buymeacoffee.com/dangerousinfopodcast SMART is the acronym that was created by technocrats that have setup the "internet of things" that will eventually enslave humanity to their needs. Support the showLeave Voicemail: https://www.speakpipe.com/DangerousInfoWebsite https://www.dangerousinfopodcast.com/Discord chatroom: https://discord.gg/8feGHQQmwgEmail the show dangerousinfopodcast@protonmail.comJoin mailing list http://bit.ly/3Kku5Yt GrubTerra Pet Treats https://bit.ly/436YLVZ Watch LiveYouTube https://www.youtube.com/@DANGEROUSINFOPODCASTRumble https://bit.ly/4q1Mg7Z Twitch https://www.twitch.tv/dangerousinfopodcastPilled.net https://pilled.net/profile/144176Facebook https://www.facebook.com/DangerousInfoPodcast/ Instagram https://www.instagram.com/dangerousinfo/Twitter https://twitter.com/jaymz_jesseYouTube https://bit.ly/436VExnFacebook https://bit.ly/4gZbjVa Send stuff: Jesse Jaymz, PO Box 541, Clarkston, MI 48347
In this week's episode, we digest a heavy couple of weeks of news, including the latest killing by ICE agents in Minneapolis. We ask how long can Reform in the UK continue to get away with their references to America, connections with the Trump administration, and leaning on the sort of DOGE style of efficiencies in government as their big offer in the Scottish elections? We look at Lesley's column and discussion of whether Scotland should have boycotted the World Cup if Trump had gone further with Greenland threats. We also look at Andy'King of the North' Burnham's knockback from standing, in the forthcoming by-election that would have let him jump in as a replacement Labour leader. Will it all just be brushed under the carpet? How successful will that be? Scottish Labour seems to have got a new tactic of ‘mandamification' of Anas Sarwar. We digest the attempts to ape the social media style of the New York Mayor with groovy videos, the walking, talking, jazzy music, and jumping camera shots. Will that work?Edinburgh Cameo screening of the Finland filmUnfortunately the Cameo double booked themselves. The February 20th screening of the Finland film HAS MOVED to Sunday March 22nd 5.15pm. TTicket-holders for the original date will be refunded but must buy a new ticket for the March date. Sorry about that. A new booking link for March 22nd will be online soon at https://lesleyriddoch.com/events.LinksScottish Labour is a party stuck in long-term declinehttps://www.heraldscotland.com/news/25789020.scottish-labour-party-stuck-long-term-decline/Gavin Newsome World Economic Forum Davoshttps://www.youtube.com/live/ObkKhPt1QM0?si=lzSpDW8FWWTrWB_UDeacon Blue 'appalled' after Malcolm Offord quotes Dignityhttps://www.thenational.scot/news/25800409.deacon-blue-appalled-malcolm-offord-quotes-dignity/ ★ Support this podcast ★
The Social Security Administration says members of Elon Musk's DOGE team working at the agency accessed and shared sensitive data. The latest disclosure from the Trump administration seemed to confirm some key concerns first raised in a whistleblower complaint filed by the agency's chief data officer, Chuck Borges. Geoff Bennett spoke with Borges and his lawyer, Debra Katz. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy
Calling out ICE and the National Guard to police Los Angeles, Portland and Minneapolis. DOGE and the evisceration of government institutions. Invading Venezuela. The insults, the rambling, the grift. The Epstein files. It's hard to keep up with how Trump 2.0 is impacting our country. But in her popular newsletter, “Letters from an American” political historian Heather Cox Richardson helps readers keep their eyes on what matters. Guests: Heather Cox Richardson, author of "Democracy Awakening: Notes on the State of America", Richardson is professor of political history at Boston College. Her previous books include "How the South Won the Civil War." Her newsletter, “Letters from an American” reaches over 5 million readers on Substack and Facebook. Learn more about your ad choices. Visit megaphone.fm/adchoices
Many of us did not know about USAID (U.S. Agency for International Development) until it came under scrutiny by the White House's Department of Government Efficiency (DOGE) in its recent cost-cutting efforts. USAID is—or was—the principal U.S. agency to extend assistance to countries recovering from disaster, trying to escape poverty, and engaging in democratic reforms. While the constitutionality of DOGE's actions effectively curtailing USAID's efforts work their way through the courts, we invite you to hear a personal perspective from someone whose work was primarily funded by USAID and who experienced first-hand the impact of USAID's rule of law programs around the world during the past 30 years. Mary Noel Pepys will provide an overview of her pro bono work in former communist countries, where she served as the rule of law liaison for the American Bar Association's Central European and Eurasian Law Initiative. She will discuss the challenges of assisting nations in their transition from communism to democracy, including efforts to strengthen the rule of law and promote judicial independence. Mary Noel Pepys is a senior attorney specializing in the rule of law, specifically international legal and judicial reform. Since 1993 she has helped emerging democracies develop justice systems that ensure the protection of citizens' human rights, equal treatment of all individuals before the law, and a predictable legal structure with fair, transparent and effective government institutions. You can learn more about Pepys's international work at pepysinternational.com, which will serve as a backdrop of her presentation. Learn more about your ad choices. Visit megaphone.fm/adchoices
Two American citizens have been killed by federal agents in Minneapolis in less than three weeks. On January 24, 2026, ICU nurse Alex Pretti was shot ten times..mostly in the back...after trying to help a woman who had been shoved to the ground by ICE agents. Video shows he was disarmed before he was killed. Within hours, DHS Secretary Kristi Noem called him a "domestic terrorist." Hours after his death, Attorney General Pam Bondi sent a letter to Minnesota Governor Tim Walz with a chilling demand: hand over your state's voter rolls, or the federal agents stay. In this episode, Robin connects the dots between the ICE occupation of Minneapolis, the expansion to Maine, and the Trump administration's nationwide campaign to seize voter data from 24 states. What emerges is a terrifying picture: immigration enforcement as political weapon, federal agents as a goon squad punishing dissent, and a roadmap to consolidated authoritarian power.The execution of Alex Pretti: What the videos show vs. what DHS claimsWitness affidavits: Shot in the back, after being disarmedKristi Noem and Stephen Miller's "domestic terrorist" liePam Bondi's extortion letter: Voter rolls for peaceWhy Minnesota? Why Maine? The pattern of targeting Democratic statesThe DOJ's lawsuit against 24 states for voter dataDOGE's secret agreement to share Social Security data with election deniersWhere this is heading: Escalation, Insurrection Act, rigged midtermsThe witness who is terrified ICE is coming for herWhere is the Democratic Party?Connect With UsInstagram: @wesawthedevilpodcastTwitter/X: @wesawthedevilFacebook: @wesawthedevilPatreon: patreon.com/wesawthedevilSupport the Show If this episode resonated with you, please:Leave a 5-star rating and review on Apple PodcastsShare this episode with someone who needs to hear itSupport us on Patreon for bonus content and early accessKeywords Alex Pretti, Minneapolis shooting, ICE, Border Patrol, immigration enforcement, Kristi Noem, Pam Bondi, Tim Walz, Minnesota, voter rolls, voter suppression, DOJ lawsuit, federal agents, police brutality, state violence, Trump administration, authoritarianism, fascism, democracy, civil rights, political commentary, news analysis, current events, January 2026, Operation Metro Surge, Maine ICE raids, Janet Mills, sanctuary cities, DHS, Department of Homeland Security, execution, American citizen, registered nurse, protest, political podcast, progressive podcast, true crime adjacent, government accountability, DOGE, voter data, election integrity, Insurrection Act, national guard, political violence, Stephen Miller, Minneapolis ICE, federal occupation, immigration policy, human rightsBecome a supporter of this podcast: https://www.spreaker.com/podcast/we-saw-the-devil-crime-political-analysis--4433638/support.Website: http://www.wesawthedevil.comPatreon: http://www.patreon.com/wesawthedevilDiscord: https://discord.gg/X2qYXdB4Twitter: http://www.twitter.com/WeSawtheDevilInstagram: http://www.instagram.com/wesawthedevilpodcast.
Jill Wine-Banks hosts #SistersInLaw to put the spotlight on a memo telling ICE agents that they can enter homes without a warrant, explain whether these actions are prohibited by the 4th Amendment, and weigh the legality of the DOJ's attempt to wield the FACE and KKK Acts against protestors. Then, the #Sisters lay out Trump's latest attempt to undermine the independence of the Federal Reserve by trying to fire Lisa Cook, and review the Supreme Court's response. They also discuss the DOJ's disclosure that DOGE has potentially been misusing confidential information and how it contributes to the overall undermining of our rights. Start 2026 with style! Get the brand new ReSIStance T-Shirt, Mini Tote, and other #SistersInLaw gear at politicon.com/merch! Additional #SistersInLaw ProjectsCheck out Jill's Politicon YouTube Show: Just The FactsCheck out Kim's Newsletter: The GavelJoyce's new book, Giving Up Is Unforgivable, is now available, and for a limited time, you have the exclusive opportunity to order a signed copy here. Pre-order Barb's new book, The Fix. Her first book, Attack From Within, is now in paperback. Add the #Sisters & your other favorite Politicon podcast hosts on BlueskyGet your #SistersInLaw MERCH at politicon.com/merchWEBSITE & TRANSCRIPTEmail: SISTERSINLAW@POLITICON.COM or Thread to @sistersInLaw.podcastGet text updates from #SistersInLaw and Politicon. From the #SistersBrett Kavanaugh Asks DOJ Attorney: What Is The Purpose Of The Independence Of The Federal Reserve?From Joyce - ‘Breaking the 4th Amendment' FLETC Whistleblower ReportImmigration officers assert sweeping power to enter homes without a judge's warrant, memo says (AP)Support This Week's SponsorsThe Pets Table: Get 55% off your first box PLUS 10% off your next two at ThePetsTable.com and use code SISTERS55Gusto:Try Gusto today at Gusto.com/sisters, and get three months free when you run your first payroll.Boll & Branch: Get 15% off your first set of sheets plus free shipping at BollAndBranch.com/sisters with code SISTERSWild Alaskan:Get $35 off your first box of wild-caught, sustainable seafood—delivered right to your door. Goto: https://www.WildAlaskan.com/sistersLaundry Sauce:Make laundry day the best day of the week! Get 20% off your entire order @LaundrySauce withcode SISTERS at https://LaundrySauce.com/sisters #laundrysaucepodGet More From The #SistersInLawJoyce Vance: Bluesky | Twitter | University of Alabama Law | Civil Discourse Substack | MSNBC | Author of “Giving Up Is Unforgiveable”Jill Wine-Banks: Bluesky | Twitter | Facebook | Website | Author of The Watergate Girl: My Fight For Truth & Justice Against A Criminal President | Just The Facts YouTubeKimberly Atkins Stohr: Bluesky | Twitter | Boston Globe | WBUR | The Gavel Newsletter | Justice By Design PodcastBarb McQuade: barbaramcquade.com | Bluesky | Twitter | University of Michigan Law | Just Security | MSNBC | Attack From Within: How Disinformation Is Sabotaging America
Ralph welcomes professor and historian Daniel Immerwahr to discuss the history of the United States' overseas possessions and his book "How to Hide an Empire: A History of the Greater United States."Daniel Immerwahr is a professor and historian at Northwestern University. He is the author of Thinking Small: The United States and the Lure of Community Development and How to Hide an Empire: A History of the Greater United States.What I wanted to do in the book was to look at the United States and to take seriously the parts of the United States that don't always feature in the textbooks—that are outside of the mainland, the contiguous blob. And what I discovered when I did that was that these places were often in the mainland's mind seen as peripheral places, but this was not a peripheral history…It turns out that once you've got the territories in view, you have a different understanding of them. And so a lot of US history (and really important parts of US history) has actually taken place outside of the part of the country that we normally think of as the United States.Daniel ImmerwahrI got really interested in the book in how it came to be and why it mattered that US standards prevailed and how other countries dealt with that by either jumping on the ship or trying to resist and that became difficult for them. And how emotionally hard it is for other parts of the world to [face] this onslaught of not just the US military, not just US planes, its bombs—we know all that stuff, and I don't want to diminish it, but all the US stuff and ways of talking and the English language and the dollar. And each one of those comes as a kind of challenge: Are you going to adopt this or not? Because life's going to be a little harder if you don't, but if you do, you're kind of a puppet. And everyone in the world has had to deal with that challenge on a daily basis—what screws they use, what language they speak, all that kind of stuff. And we don't talk about that a lot, but that actually strikes me as a really important facet of US power.Daniel ImmerwahrNews 1/23/26* Our first two stories this week come to us from New York City. On January 16th, Mayor Zohran Mamdani drew a line in the sand in an address celebrating a historic settlement with A&E real estate. While A&E is a serial offender, racking up “over 140,000 total violations, including 35,000 in the last year alone,” Mayor Mamdani made clear that this was to serve as an example for other landlords, saying “City Hall will not sit idly by and accept this illegality, nor will we allow bad actors to continue to harass tenants with impunity.” Mayor Mamdani made tenants rights a central pillar of his campaign and is signaling that it will be a major aspect of his administration as well, with the centerpiece being the “Rental Ripoff” hearings he plans to hold in all five boroughs. Yet again, Mamdani provides a blueprint for other Democratic elected officials in cities across the nation, if only they would pick up the mantle.* In other news out of New York, on January 13th New York State Attorney General Letitia James announced a “settlement ending Betar US's…campaign of violence, harassment, and intimidation against Arab, Muslim, and Jewish New Yorkers.” Betar, an extremist Zionist outfit, is considered so fringe that even the ultra-Zionist Anti-Defamation League (ADL) has labeled it an “extremist group” for its “embrace of Islamophobia and harass[ment] of Muslims.” Examples of Betar's bias-motivated harassment include labeling keffiyehs, traditional Palestinian scarves – as “rape rags” and claiming that the number of babies who had died in Gaza was “not enough,” adding, “we demand blood in Gaza.” According to this announcement, Betar is seeking to dissolve its nonprofit corporation and intends to wind down operations in New York. Mayor Mamdani added, “For years, Betar has sowed a campaign of hatred across New York, trafficking in Islamophobic extremism and harassing those with whom they disagreed. There is no place for their bigotry in our politics, and I'm grateful for [Attorney General James's] unflagging pursuit of justice.”* In more Israel news, earlier this week Israeli human rights lawyer Alon Sapir recounted the following story on social media. “On Saturday, I represented an American Jewish activist in deportation proceedings from the country due to his leftism. In the hearing, they presented him with a photo from a demonstration in the US to link him to anti-Israel organizations.” The photo in question was “taken at a demonstration against the Nazis in Charlottesville [Virginia],” and the Israelis “apparently took it from a page that promotes white supremacy.” This deportation proceeding – wherein the Israeli government used a white-supremacist photograph of an activist protesting Nazism to deport him on the grounds of being anti-Israel, is of course, stunningly backwards. But, as Sapir writes, “Indeed, [this is] grounds for deportation from the Jewish state.” * In more news from abroad, the New York Times reports the People's Republic of China has hit a new economic milestone: the world's largest trade surplus ever. According to economic data released by the country's General Administration of Customs, “China's surplus, the value of goods and services it sold abroad versus its imports, reached $1.19 trillion, an increase of 20 percent from 2024.” As this piece notes, “The enormous trade surplus…came despite efforts by President Trump to use tariffs to contain China's factories.” While the tariffs succeeded in reducing China's trade surplus with the United States by 22% last year, Chinese firms compensated by increasing sales to other regions and “in many cases bypassing American tariffs by shipping goods to the United States through Southeast Asia and elsewhere.” In short, the tariffs have succeeded only in raising prices for American consumers by forcing Chinese firms to route their products through secondary markets instead of selling directly to Americans – further enriching China while further immiserating everyday Americans.* This trade surplus is expected to widen further with news of an economic thaw between China and Canada. AP reports Canada has “agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products,” according to Prime Minister Mark Carney. Carney added that there would initially be an annual cap of 49,000 Chinese EVs coming into the Canadian market at a tariff rate of 6.1%, but this cap would grow to about 70,000 over the next five years. In return, China will “reduce its total tariff on canola seeds, a major Canadian export, from 84% to about 15%,” and allow visa-free travel to China for Canadian citizens, many of whom are of Chinese descent. This deal is obviously a humiliating disaster for President Trump, who sought to both isolate China economically and force Canada to further subjugate itself to the United States, going so far as to muse about annexing the country and making it the “51st state.” Like the Greenland fiasco, this is a case of Trump needlessly alienating American allies, driving them into the open arms of more rational partners like China.* Meanwhile, in South Korea, Al Jazeera reports former Prime Minister Han Duck-soo has been sentenced to 23 years in prison for his role in the failed coup attempt orchestrated by ousted president Yoon Suk-yeol. In a moving statement, Judge Lee Jin-gwan of the Seoul Central District Court, said Han “disregarded his duty and responsibility as prime minister,” and “As a result…South Korea was in danger of returning to the dark past when the basic rights and liberal democratic order of the people were violated, potentially preventing them from escaping from the quagmire of dictatorship.” These words sound especially tragic to American ears at this moment, as our country slides ever further away from basic rights and liberal democratic order. Han is “the first member of Yoon's cabinet to be found guilty and sentenced to jail,” and his sentence gives an indication of how seriously the court is taking this matter. As we discussed last week, prosecutors are seeking the death penalty for Yoon himself.* Moving back to American politics, NOTUS reports Congresswoman and Senate hopeful Jasmine Crockett is amassing money from some unsavory donors. These include, “Tech titan and conservative provocateur Marc Andreessen [and] Cameron and Tyler Winklevoss of Facebook fame,” as well as several super PACs funded by the cryptocurrency lobby. Perhaps most damningly though, she has received donations from the PACs for BlackRock, the world's largest asset manager, and massive defense contractor Lockheed Martin. Crockett's acceptance of these donations has sent ripples through the progressive community. Fellow Texas Democratic Congressman Lloyd Doggett called it “very troubling that she would be reliant on those kinds of contributions.” Adam Green, a co-founder of the Progressive Change Campaign Committee, is quoted in this piece refuting characterizations of Crockett as in line with that group's preferences, saying “To call her in any way the progressive or leftist candidate is a misnomer...She's a somewhat effective anti-Trump troll and resistance liberal, but is not one of us when it comes to a progressive populist or anti-corporate warrior.” Green added that his group will likely endorse Crockett's opponent in the primary, Texas State Representative James Talarico. As of mid-January, Talarico leads Crockett 47% to 38% in the polls, with 15% undecided, per Emerson.* Another red state senate race, this one in Montana, just got more interesting in its own way. According to the Montana Free Press, “University of Montana President Seth Bodnar is expected to run for U.S. Senate as an independent,” which the paper claims is “part of an elaborate plan apparently backed by former U.S. Sen. Jon Tester.” Apparently, this move has angered Montana Democrats, two of whom have filed long-shot bids to run against incumbent Republican Senator Steve Daines. The Free Press reached out to Tester for a comment, and he sent back a text message explaining his reasoning behind backing the independent bid, writing “Every race I ran as Montana Senator and U.S. Senator it was about distancing myself from the Democratic Party…. During my last two races the democratic Party was poison in my attempts to get re-elected.” Tester is likely taking some inspiration from the Independent Senate campaigns of Dan Osborn in Nebraska. Osborn ran against incumbent Republican Deb Fischer in 2024 and made the race unusually competitive, eventually losing 53% to 47%. Osborn is now running against Nebraska's other incumbent Republican Senator, billionaire Pete Ricketts, and the two are in a statistical dead heat in the polls.* Next, with tax season on the horizon, the neutering of the Internal Revenue Service is starting to be felt. More Perfect Union reports “The IRS is effectively unable to audit private equity, venture capital, and real estate investment firms,” because “Thousands of workers have been fired from the agency,” post-DOGE. According to the numbers, audits of the aforementioned giant enterprises have “dropped 80 or 90%.” Stunningly, Forbes reports that instead of fighting to re-fund the IRS and restore some oversight to the lawless corporate sector, lawmakers from both parties are seeking to slash $11.7 billion of the $80 billion allocated to the agency in the 2022 Inflation Reduction Act. As this piece notes, that number itself is deceptive; a report issued by the Treasury Inspector General, found that that $80 billion has already been shrunken down to just $37.6 billion, and the IRS has only spent about $13.8 billion of the IRA funding. The Treasury Inspector General's projections of the additional funds available to the IRS is approximately $19.3 billion, meaning an additional cut of $11.7 billion would effectively curtail any plans to expand the IRS to police large, complex financial entities.* Finally, on January 14th, Congresswoman Robin Kelly of Illinois formally introduced three articles of impeachment against Department of Homeland Security Secretary Kristi Noem. These articles, accusing Noem of obstruction of Congress, violation of public trust, self-dealing, and directing ICE to make “widespread warrantless arrests, forgo due process, and use violence against United States citizens, lawful residents, and other individuals,” initially garnered 80 Democratic cosponsors. But that list appears to be growing. Newsweek reports that as of January 21st, the list has grown to 100 cosponsors, nearly half of the 213-member Democratic caucus in the House. A successful impeachment vote is unlikely, as Republicans still control the House, but as provocative and unpopular actions across the country – by DHS in general and ICE specifically – continue to escalate, this list is only expected to grow. The larger question remains however: even if Noem is removed, will that force the administration to change course or will they simply appoint another pliant enforcer in her place. We can't know unless we try.This has been Francesco DeSantis, with In Case You Haven't Heard. Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe
Kara and Scott the wins and losses at Davos, DOGE's mishandling Social Security data, Netflix's all-cash Warner Bros offer, and the FCC targeting late-night hosts with new equal time requirements. Plus, ICE agents continue to clash with protesters in Minnesota, and the so-called wine moms of Minneapolis are fighting back. Watch this episode on the Pivot YouTube channel. Follow us on Instagram and Threads at @pivotpodcastofficial. Follow us on Bluesky at @pivotpod.bsky.social Follow us on TikTok at @pivotpodcast. Send us your questions by calling us at 855-51-PIVOT, or email pivot@voxmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
ICE is continuing its Minnesota crackdown. This week, agents were reportedly targeting members of the public based on race. Now, state officials are asking federal judges to end the agency's campaign in their communities, despite the administration asking those same judges to let them keep going.The Department of Justice said in a recent court filing that Elon Musk's DOGE team may have accessed private and off-limits social security data.And the House Oversight Committee voted to hold Bill and Hillary Clinton in contempt of Congress after the pair ignored a summons to appear before a panel, saying it was politically-motivated.And, in global news, President Donald Trump claims he has the framework of a deal in place with NATO for control of Greenland.Despite that possibility, the president heavily criticized European leaders in a speech at the World Economic Forum in Davos, Switzerland this week. Now, America's traditional allies are reportedly grappling with what the future might hold for the West.President Trump also met with Ukrainian President Volodymyr Zelenskyy as his special envoy, Steve Witkoff, touted the progress his team has made with Russian leaders in finding a solution to the war in Ukraine.We cover the most important stories from around the globe on the News Roundup.Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
Kaz Nejatian is the CEO of Opendoor. In this conversation, we discuss the housing market, interest rates, and how Kaz is thinking about expanding access to homeownership. We also go inside Opendoor, including how AI is reshaping the home-buying and mortgage process, his approach to building companies, and why transparency and accountability to retail shareholders matter.=======================As markets shift, headlines break, and interest rates swing, one thing stays true — opportunity is everywhere. At Arch Public, we help you do more than just buy and hold. Yes, our dynamic accumulation algorithms are built for long-term investors… but where we really shine? Our arbitrage algos — designed to farm volatility and turbocharge your core positions. The best part of Arch Public's products is they are free! Yes, you heard that right, try Arch Public for free! Take advantage of wild moves in assets like $SOL, $SUI, and $DOGE, and use them to stack more Bitcoin — completely hands-free. Arch Public is already a preferred partner with Coinbase, Kraken, Gemini, and Robinhood, and our team is here to help you build smarter in any market. Visit Arch Public today, at https://www.archpublic.com, your portfolio will thank you.=======================Sign up for the Gemini Credit Card: https://gemini.com/pomp#GeminiCreditCard #CryptoRewards This video is sponsored by Gemini. All opinions expressed are my own and not influenced or endorsed by Gemini. Gemini-branded credit products are issued by WebBank. For more information regarding fees, interest, and other cost information, see Rates & Fees: https://gemini.com/legal/cardholder-agreement Some exclusions apply to instant rewards; these are deposited when the transaction posts. 4% back is available on up to $300 in spend per month for a year (then 1% on all other Gas, EV charging, and transit purchases that month). Spend cycle will refresh on the 1st of each calendar month. See Rewards Program Terms for details: https://gemini.com/legal/credit-card-rewards-agreement Checking if you're eligible will not impact your credit score. If you're eligible and choose to proceed, a hard credit inquiry will be conducted that can impact your credit score. Eligibility does not guarantee approval.=======================0:00 – Intro1:54 – Opendoor mission: tilting the world toward homeownership8:41 – Opendoor's next layer: AI-native mortgage & underwriting13:34 – Shopify lessons: the “first-derivative” business model19:48 – Retail shareholders & transparency/accountability23:38 – Kaz's principles: turning down money & career philosophy29:47 – $1 CEO pay structure & aligning incentives with shareholders37:04 – Kaz's wife & building an independent media company38:44 – Government policy & housing affordability41:06 – Interest rates: where they should be & why42:54 – Why economic data is wrong46:25 – AI inside Opendoor: speed, efficiency, bringing jobs back49:14 – Consultants/committees vs weekly reviews54:12 – Message to retail shareholders
Story of the Week (DR):CEOs are finding their blowhard whistles?Jamie Dimon is done being ‘binary': On Trump's ‘economic disaster' credit card plan, foreign policy, and NATOJamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don't like what I'm seeing'JPMorgan CEO Jamie Dimon said Trump's proposed 10% cap on credit card rates would be an 'economic disaster'Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don't like what I'mOf course… Trump sues ‘woke' JP Morgan for $5bn over debanking Nestlé chief blames Trump for company going quiet on sustainabilityAmazon CEO Jassy says Trump's tariffs have started to 'creep' into prices Ryanair CEO rips Trump as a 'liar' who is 'historically wrong'Of course… Minneapolis ICE Standoff Has Become the Political Issue CEOs Can't IgnoreEmployees in Minnesota are afraid to show up to workTarget in Your Town: How We're Showing Up in Communities from Coast to CoastLast "statement:" Target Statement on Texas Floods (July 8, 2025)And two new dudes on the board:John Hoke, former Chief Innovation Officer at NIKESteve Bratspies, former CEO of HanesBrandsSome stakeholder wins?Trump administration drops appeal over anti-DEI funding threat to schools and colleges Trump administration concedes DOGE team may have misused Social Security dataJamie Dimon tells Davos: ‘You didn't do a particularly good job making the world a better place'Jamie Dimon says government should have power to intervene in AI-driven mass layoffsRollout of AI may need to be slowed to ‘save society', says JP Morgan bossSalesforce's Benioff calls for AI regulation, says models have become 'suicide coaches'BlackRock's billionaire CEO warns AI could be capitalism's next big failure after 30 years of unsustainable inequality after the Cold WarBlackRock CEO says capitalism isn't spreading the wealth – and AI might not eitherBrett Kavanaugh says letting Trump fire Lisa Cook ‘would weaken, if not shatter, the independence of the Federal Reserve'A majority of millionaires say extreme wealth is a threat to democracyAmazon Joins Microsoft In Pledge To Self-Fund Power Grids, While CEO Andy Jassy Questions OpenAI's 'Ambitious' SpendingThe board matters??Lululemon founder Chip Wilson blames board for 'total operational failure' in Get Low launch [more later]Early 2026 season proxy indicators MMApple: 1 SHPNational Center for Public Policy Research: China Entanglement AuditExcluded: National Legal and Policy Center: Financial Impact of Renewable Energy ImplementationDisney: 4 SHPsBowyer Research: How the Employee Gift-Matching Program May Impact Risks Related to Religious Discrimination Against EmployeesNational Center for Public Policy Research: Return on Investment from Climate CommitmentsNational Legal and Policy Center: Cumulative Voting for Board ElectionsErik G. Paul: Accessibility and Disability Inclusion PracticesQualcomm: 2 SHPsJohn Chevedden: Shareholder Ability to Call for a Special Shareholder MeetingBowyer Research: Risk of China ExposureGoodliest of the Week (MM/DR):DR: America could ‘lose the AI race' because of too much ‘pessimism,' White House AI czar David Sacks saysMM: Elon Musk Says 'They Will Eventually Apply the Wealth Tax to Everyone' —Just Like How Income Tax Started As A 'Temporary' Tax For Top 1%This is a great ideaMM: AOC and Paris Hilton team up on a bill targeting AI deepfake pornWhat a teamAssholiest of the Week (MM):Governance asshole: Chip Wilson DRLululemon's founder is blasting the company for selling sheer leggings, calling it a 'new low'Lululemon founder Chip Wilson blames board for 'total operational failure' in Get Low launch“In 2013, Lululemon recalled 17% of all its pants for being too sheer. At that point, the company blamed the manufacturing error on an incomplete testing protocol”Wilson owned 29.22% of the stock at the timeSAME BOARD MEMBERS THAT CHIP WILSON PICKED:Martha Morfitt (2008)David Mussafer (2014)Michael Casey (2007)Emily White (2011)40% of the board IS CHIP WILSON'S HAND PICKED PEOPLELast week: Lululemon founder Chip Wilson launches proxy fight for board shakeupWilson has nominated three independent director candidates to be elected at the 2026 annual meeting and submitted a proposal to "declassify" the board so that all members must stand for election annuallyHE CLASSIFIED THE BOARD - sucks to be on the outside looking inCapitalist assholes: DavosBlackRock CEO says capitalism isn't spreading the wealth and AI might not eitherBlackRock's $40 billion deal highlights the unstoppable AI data center gold rush, as CEO Larry Fink pushes back on AI bubble fearsJamie Dimon tells Davos: ‘You didn't do a particularly good job making the world a better place'As he attends every year without irony - and this: How Wall Street Turned Its Back on Climate ChangeBillionaire Marc Benioff challenges the AI sector: ‘What's more important to us, growth or our kids?'Salesforce CEO Marc Benioff says he cut 4,000 support roles because of AISo not THEIR kids obviously“Antimicrobial resistance pandemic will kill more people than cancer by 2050 and no one at Davos is talking about it" – leading scientists speak out at Frontiers Science HouseThe anti-education uber-wealthy tech bros:Nvidia's Jensen Huang says it's a good time to be a plumber; and not just because it's an AI-proof jobPalantir CEO says AI ‘will destroy' humanities jobs but there will be ‘more than enough jobs' for people with vocational trainingHeadliniest of the WeekDR: Ryanair launches 'Great Idiots' seat sale 'especially for Elon' as feud escalatesDR: Palantir CEO Alex Karp says humanities jobs are doomed in the age of AI: 'Hopefully you have some other skill'62% of bachelor's degrees in the humanities were earned by women; 63% of mastersMM: Nestlé chief blames Trump for company going quiet on sustainability Uh… you… run… the… company?MM: How anti-doomscrolling influencers are combating social media addictionAlcoholics typically use alcohol to get over their addiction to alcoholWho Won the Week?DR: ani-China right wing blowhardsMM: Private jets: Business Insider tracked at least 157 private jets that arrived near Davos, using data from ADS-B Exchange and JetSpy. They included airplanes belonging to Salesforce CEO Marc Benioff and former Google CEO Eric Schmidt. Jets from companies like Aramco, BlackRock, Blackstone, Citigroup, Google, HP, JPMorgan Chase, Lockheed Martin, and the quantitative hedge fund Two Sigma also arrived in the area.PredictionsDR: Target soft-launches brown-colored oranges to see if America is ready to care about race againMM: Jamie Dimon officially declares himself as “non binary” and requests the media address him as “they” whenever quoting him. They then contacts Fortune after reading this headline about himself - Jamie Dimon says he'd have no issue paying higher taxes if it actually went to people who need it—right now it just goes to the Washington ‘swamp' - and demands an edit to “Jamie Dimon says they'd have generally some but not none issue paying higher or lower taxes if it actually went to poor or rich people, but now it goes to the Washington swamp or everglade or desert, either way it's delightful but also could be terrible.
A Deep Dive into Trump, Political Theater, and Government Chaos | Political RehabHosts Matt and Matt delve into the Trump prosecutor's testimony, Doge's sensitive data, and Democratic drama. This episode kicks off with the weekly 'Trump Dump,' exploring the latest antics of Donald Trump and his administration's moves, including lavish gifts and questionable praise from world leaders. The discussion transitions to the GOP's dilemma with Trump's actions and mindsets, juxtaposing it with Ronald Reagan's vision for America. The episode tackles the troubling implications of government oversight and surveillance, specifically focusing on recent DOJ actions and their impact on American privacy. Wrapping up, 'Hot off the Presses' covers the latest articles by the hosts touching on urgent political issues ranging from Trump's cognitive capacity to the divided state of the GOP. Finally, a look at the legal rights of stingless bees provides this week's dose of hope. #Trump #Politics #Conservatives #GOP #Elections #GovernmentSurveillance #Reagan #PoliticalDrama #Doge #LegalRights #StinglessBees00:00 Introduction: Political Chaos and Exploitation00:28 Welcome to Political Rehab00:45 Trump Dump: Weekly Trump Rant01:10 Trump's Parade of Flattery and Gifts04:07 Trump's Temper Tantrum Over Greenland05:26 Davos Conference and Global Trust Issues08:31 Jack Smith's Testimony and GOP's Dilemma11:47 Trump's Corruption and Wealth Accumulation14:56 Government Surveillance Concerns18:03 Federal Spending Review in Democratic States19:40 Trump's View on Dissent and Loyalty20:10 Greenland and Trump's Exploitation Tactics21:20 Reagan vs. Trump: A Comparative Analysis25:42 Trump's Mental Capacity and the 25th Amendment32:38 January 6th and the Aftermath35:37 Bipartisanship in Congress36:57 Legal Rights for Stingless Bees
This week on Look Forward, the guys return to discuss another episode of "TACO" this time it's Greenland edition, Europe pushes back strong against Trump, speeches at Davos, ICE thinks it can violate the 4th amendment, judge will not allow feds to go after Don Lemon, US House approves $30 million for increased SCOTUS security, Jack Smith testifies publicly to the House, pension funds start to dump US treasurys, DOGE access social security data to help overturn elections, Trump pushes further on his Board of Peace aka his evil UN alternative. Big TopicTACO: Greenland EditionSpeech at DavosFrom TrumpFrom the rest of the worldEurope's responseNews You NeedICE says they can violate your 4th amendment rightsAnd they're literally kidnapping childrenJack Smith testifies to Congress on his investigationJudge declines to sign off on charges against Don LemonUS House approves additional $30 million for Supreme Court securityPension plans selling off US TreasurysFast Corruption and Faster Screw-UpsDOGE accessed your social security information illegally, but that's just the startThe “Board of Peace” is like the loser table in the cafeteria
Krystal and Saagar discuss SCOTUS to defeat Trump on the Fed, DOGE election fraud agreement, FanDuel gambling lies, MN family teargassed by ICE. John Mearsheimer: https://www.mearsheimer.com/ Danny Funt: https://www.simonandschuster.com/books/Everybody-Loses/Danny-Funt/9781668062029 To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.comMerch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.
Today's Headlines: President Donald Trump remains in Davos, where he delivered an 80-minute speech packed with familiar grievances, questionable claims — including that “Canada lives because of the United States” — and repeatedly mixed up Iceland and Greenland. For now, he's pulled back threats of military action and additional tariffs on Europe, claiming instead that he's reached a vague “framework” with NATO Secretary General Mark Rutte over Greenland, which he described as an “infinite deal,” without offering details. Ukrainian President Volodymyr Zelensky is expected to meet with Trump to discuss U.S. security guarantees and post-ceasefire reconstruction, while Trump's unofficial envoys Jared Kushner and Steve Witkoff met with a Putin-linked negotiator in Davos and are headed to Moscow for more talks. Back in the U.S., tensions are escalating in Minnesota. Alongside 1,500 troops already on standby, the Pentagon has placed roughly 300 additional soldiers at Fort Bragg on notice in case Trump invokes the Insurrection Act amid ongoing Minneapolis protests. In Congress, the House Oversight Committee voted to hold Bill and Hillary Clinton in contempt over their refusal to testify about Jeffrey Epstein, while declining to hold Attorney General Pam Bondi in contempt for failing to release the Epstein files. Ghislaine Maxwell is scheduled to give a virtual deposition on February 9. Meanwhile, the administration admitted in court that Elon Musk's DOGE-linked team improperly accessed and shared Americans' Social Security data, and a federal judge ordered the FBI to temporarily stop searching devices seized from Washington Post reporter Hannah Natanson and return them pending further review. Resources/Articles mentioned in this episode: Reuters: Trump backs down on Greenland tariffs, says deal framework reached Politico: Trump and Zelenskyy to meet Thursday at Davos MSNOW: Pentagon orders more active-duty soldiers to ready for possible Minneapolis deployment PBS News: WATCH: House Oversight advances resolution on holding Clintons in contempt The Guardian: Doge improperly shared sensitive social security data, DoJ court filing reveals | Trump administration WaPo: Judge blocks government from searching data seized from Post reporter Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices
The Patriotically Correct Radio Show with Stew Peters | #PCRadio
Turning Point USA, under Erika Kirk's regime, is in meltdown—firing 30-40 insiders in a desperate hunt for the mole leaking info about shady embezzlements, Fort Huachuca plots, and the DOGE audit fallout. Elon Musk's “free speech” X is a total fraud—Grok just blew the lid off 92% throttling that silences real patriots like Stew and Candace Owens while amplifying mouthpieces like Ben Shapiro to shove their anti-American agenda down our throats.
-Trump rules out invasion of Greenland, thankfully -Israel murders 11 in Gaza ahead of "Board of Peace" ceremony -Wealthy elite unlikely to be audited thanks to DOGE sabotage -Working Class History: Cement workers strike in Zambia!
On this, our 310th Evolutionary Lens livestream, we discuss Trump, his presidency, and the state of the country. Disappointments include military interventions and renamings, a failed and politicized DOGE, and the embrace of tech-utopianism and associated heuristics and algorithms. Positive moves have been made in MAHA (e.g. revision of the childhood vaccine schedule, food additives and food pyramid), sex and gender (sex is real, men can't become women); and, to some degree, constitutional and border protections. We don't yet know what might be gained by interventions in Iran, and in Venezuela. Two years ago, The Atlantic published an issue predicting what would happen if Trump won a second term; they get a few things right, a lot wrong, and blame Trump for their own personal neuroses. Finally, a review of why we voted for Trump in the last election, where we were right, and where we were wrong.*****Our sponsors:Xlear: Xylitol nasal spray that acts as prophylaxis against respiratory illnesses by reducing the stickiness of bacteria and viruses. Find Xlear online, or at your local pharmacy, grocery store, or natural products store.ARMRA Colostrum is an ancient bioactive whole food that can strengthen your immune system. Go to http://www.tryarmra.com/DARKHORSE to get 30% off your first order.CrowdHealth: Pay for healthcare with crowdfunding instead of insurance. It's way better. Use code DarkHorse at http://JoinCrowdHealth.com to get 1st 3 months for $99/month.*****Join us on Locals! Get access to our Discord server, exclusive live streams, live chats for all streams, and early access to many podcasts: https://darkhorse.locals.comHeather's newsletter, Natural Selections (subscribe to get free weekly essays in your inbox): https://naturalselections.substack.comOur book, A Hunter-Gatherer's Guide to the 21st Century, is available everywhere books are sold, including from Amazon: https://amzn.to/3AGANGg (commission earned)Check out our store! Epic tabby, digital book burning, saddle up the dire wolves, and more: https://darkhorsestore.org*****Mentioned in this episode:The Atlantic: https://www.theatlantic.com/magazine/toc/2024/01/Federal funding of science and elite universities: https://naturalselections.substack.com/p/letter-from-harvardOpen letter to Hegseth: https://hollymathnerd.substack.com/p/an-open-letter-to-sec-hegsethRogan on ICE: https://x.com/BretWeinstein/status/2011517588527067319Heather on voting for Trump: https://naturalselections.substack.com/p/why-i-am-voting-for-trumpSupport the show
Wednesday, January 21st, 2026Today, a Trump appointed judge strikes “US Attorney” from Lindsey Halligan's title; DOJ prosecutors subpoena more Minnesota officials in an ongoing criminal investigation for impeding ICE as a pretext to invoke the Insurrection Act; Judge Kacsmaryk compares drag to blackface and allows college campus drag ban in Texas; Congress releases its massive funding bill ahead of a looming shutdown; the stock market takes a dive after Trump announced EU tariffs; the DOJ concedes DOGE misused Social Security data; Canadian Prime Minister Mark Carney rips Trump during his Davos speech; and Allison and Dana deliver your Good News.Beans Talkhttps://youtu.be/NUZ1aRHU-Sg Thank You, IQBARText DAILYBEANS to 64000 to get 20% off all IQBAR products, plus FREE shipping. Message and data rates may apply. Thank You, COYUCHIGet 15% off your first order when you visit Coyuchi.com/dailybeans The LatestWhat to know about the Insurrection Act | AG & Steve VladeckStoriesProsecutors Subpoena Minnesota Democrats as Part of Federal Inquiry | The New York TimesJudge Kacsmaryk Compares Drag To Blackface, Allows College Campus Drag Ban In Texas | Erin In The MorningCanadian PM Rips Trump's Greenland Push: 'We Are in the Midst of a Rupture' | Rolling StoneTrump administration concedes DOGE team may have misused Social Security data | POLITICODemocrats Successfully Strip All Anti-Trans Riders From Final Appropriations Bills | Erin In The MorningCongress releases massive funding bill ahead of shutdown deadline as ICE clash looms | NBC NewsJudge bans Trump loyalist Lindsey Halligan from 'masquerading' as top federal prosecutor | NBC News Good TroubleICEOUT.ORG - “People over papers”ICEOUT's objective is to collect community-submitted information about possible ICE activity down to the street level to help inform the public and raise awareness. All reports are reviewed and categorized by a moderator team before appearing on the map. The website is available in 11 different languages.iceout.org to view the map. iceout.org/location/report to submit a report. →Tell Congress Ice out Now - Take Action Now | Indivisible→Urge American Ballet Theatre to cancel upcoming Kennedy Center performances→Ways to Support MN's Immigrant Communities Amid ICE Activity - Mpls.St.Paul Magazine→Congress: Divest From ICE and CBP | ACLU→ICE List→2026 Trans Girl Scouts To Order Cookies From! | Erin in the Morning Good NewsThe Wilds in Ohio37th Annual GLAAD Media Awards Nominees→Go To Good News & Good Trouble - The Daily Beans to Share YoursSubscribe to the MSW YouTube Channel - MSW Media - YouTubeOur Donation LinksPathways to Citizenship link to MATCH Allison's Donationhttps://crm.bloomerang.co/HostedDonation?ApiKey=pub_86ff5236-dd26-11ec-b5ee-066e3d38bc77&WidgetId=6388736Allison is donating $20K to It Gets Better and inviting you to help match her donations. Your support makes this work possible, Daily Beans fam. Donate to It Gets Better / The Daily Beans FundraiserJoin Dana and The Daily Beans and support on Giving Tuesday with a MATCHED Donation http://onecau.se/_ekes71More Donation LinksNational Security Counselors - Donate
Go to shipstation.com and use code DAMAGE for sixty days for free! Refresh your winter wardrobe with Quince. Go to quince.com/damage for free shipping on your order and 365-day returns. Trump touts his first year in office with an incoherent press conference. Voters are not happy with Trump's economy. Trump has pocketed a staggering $1.4 billion since returning to office. Trump delivers an insane speech at Davos. World leaders snub Trump's “Board of Peace” grift. DOGE's social security team was apparently trying to overturn elections. Trump says a “sonic weapon” was used during the Venezuela raid. Host: John Iadarola (@johniadarola) Co-Host: Sharon Reed (@SharonReedLive) ***** SUBSCRIBE on YOUTUBE TIKTOK ☞ https://www.tiktok.com/@thedamagereport INSTAGRAM ☞ https://www.instagram.com/thedamagereport TWITTER ☞ https://twitter.com/TheDamageReport FACEBOOK ☞ https://www.facebook.com/TheDamageReportTYT
DOGE staff face scrutiny over possible Hatch Act violations. GitLab fixes a serious 2FA bypass. North Korean hackers target macOS developers through Visual Studio Code. Researchers say the VoidLink malware may be largely AI-built. MITRE rolls out a new embedded systems threat matrix. Oracle drops a massive patch update. Minnesota DHS reports a breach affecting 300,000 people. Germany looks to Israel for cyber defense lessons. A major illicit marketplace goes dark. Our guest is Ashley Jess, Senior Intelligence Analyst from Intel 471, with a “crash course” on underground cyber markets. And auditors emerge as an unlikely line of cyber defense. Remember to leave us a 5-star rating and review in your favorite podcast app. Miss an episode? Sign-up for our daily intelligence roundup, Daily Briefing, and you'll never miss a beat. And be sure to follow CyberWire Daily on LinkedIn. CyberWire Guest Today we have Ashley Jess, Senior Intelligence Analyst from Intel 471, sharing a “crash course” on how underground cyber markets and emerging trends. Selected Reading Trump administration concedes DOGE team may have misused Social Security data (POLITICO) GitLab warns of high-severity 2FA bypass, denial-of-service flaws (Bleeping Computer) North Korean Hackers Target macOS Developers via Malicious VS Code Projects (SecurityWeek) Voidlink Linux Malware Was Built Using an AI Agent, Researchers Reveal (Infosecurity Magazine) MITRE Launches New Security Framework for Embedded Systems (SecurityWeek) Oracle's First 2026 CPU Delivers 337 New Security Patches (SecurityWeek) Minnesota Agency Notifies 304,000 of Vendor Breach (GovInfo Security) Germany and Israel Pledge Cybersecurity Alliance (BankInfo Security) $12B Scam Market Tudou Guarantee Shuts Down (GovInfo Security) Research reveals a surprising line of defence against cyber attacks: accountants (The Conversation) Share your feedback. What do you think about CyberWire Daily? Please take a few minutes to share your thoughts with us by completing our brief listener survey. Thank you for helping us continue to improve our show. Want to hear your company in the show? N2K CyberWire helps you reach the industry's most influential leaders and operators, while building visibility, authority, and connectivity across the cybersecurity community. Learn more at sponsor.thecyberwire.com. The CyberWire is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices
Marty sits down with Scott to discuss the historic silver squeeze, the fragility of global derivatives markets, central bank coordination against populist movements, government fraud exposed by DOGE, and why Bitcoin serves as the ultimate escape hatch from an impending financial crisis. Scott on Twitter: https://x.com/darkside2030 STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/VJ2dABShBz Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Bitkey https://bit.ly/4pOv2L4 Unchained https://unchained.com/tftc/ SLNT https://slnt.com/tftc CrowdHealth https://joincrowdhealth.com.tftc Salt of the Earth: [https://drinksote.com/tftc](https://drinksote.com/) Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter [tftc.io/bitcoin-brief/](http://tftc.io/bitcoin-brief/) Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/
Tuesday, January 20, 2026 Global markets fell sharply after Trump threatened 10% tariffs on imports from Denmark and seven other European countries if they refuse to support his effort to acquire Greenland; Trump said he was confident the U.S. would acquire Greenland and declined to set any limits on his approach, saying "You'll find out"; Trump, in a text message to the Norwegian prime minister, wrote that losing the Nobel Peace Prize made him feel less obligated to “think purely of Peace”; federal prosecutors served grand jury subpoenas to Minnesota Gov. Tim Walz, Minneapolis Mayor Jacob Frey, and at least three other Democratic officials; the Justice Department said it discovered evidence suggesting members of DOGE improperly accessed and shared Social Security data with a political advocacy group seeking to overturn election results in certain states; and 58% of Americans call the first year of his second term a failure. Read more: Day 1827: "The World is not secure unless we have Complete and Total Control." Subscribe: Get the Daily Update in your inbox for free Feedback? Let us know what you think
President Donald Trump is set to be at the World Economic Forum in Davos with Greenland top of the agenda. Lindsey Halligan is stepping away from her as US Attorney role. The Justice Department admits that DOGE employees have inappropriately handled sensitive data. Israeli Prime Minister Benjamin Netanyahu has joined Trump's “Board of Peace” for Gaza. Plus, the man who assassinated Japan's former Prime Minister has been sentenced. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The landscape of resistance in Minneapolis, John Nichols reports, includes surprisingly powerful and effective faith groups, plus unions, neighborhood mutual aid and community safety networks, ICE observer teams, and direct action groups, plus the ACLU and its allies, as well as the outspoken mayor and the fighting state attorney general. Also: DOGE did NOT reduce spending – at all. But it did reduce federal employment; 271,000 people lost their jobs in the federal government, according to CATO. Sasha Abramsky set out to find out what it was like for some of those people -- his new book reports on the experiences of eleven fired federal workers: American Carnage: How Trump, Musk, and DOGE butchered the US Government.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
-Greenland, Canada prepare for U.S. invasion -MAHA freaks roll out "Drink Milk" campaign, while measles spreads unchecked -Shock admissions about DOGE misuse of Social Security data -Momentum builds for Minnesota General Strike to force ICE out
Don Lemon entered a church with protestors in Minneapolis and disrupted a service, potentially violating the FACE Act. There have been more violent protests around Minnesota. Independent reporter Jorge Ventura joins us from Minnesota to discuss the anti-ICE protests. Rep. Shri Thanedar (D-Mich.) gets eviscerated for voting against a bill that would deport illegal aliens convicted of sex crimes, while Rep. Ilhan Omar (D-Minn.) goes out of her way to condemn the United States. Democrats are back to supporting fraud, as Senate Minority Leader Chuck Schumer said they will restore all the DOGE cuts if his party wins the midterms. Ashley St. Clair got butthurt after I called her out for being a grifter, so she went on a podcast to complain about me. ► Subscribe to my second YouTube channel: https://www.youtube.com/@SaraGonzalesTX?sub_confirmation=1 Sponsors: ► VanMan Skincare Give your eyes the care they deserve. Go to https://www.vanman.shop/gonzales and use code “GONZALES” for 15% off your first order. Timestamps: 00:00 – Mob Storms Church 23:19 – Jorge Ventura from Minnesota 30:46 – Foreigners Lecture Us on America 39:13 – Dems Restoring Fraud 42:45 – Ashley St Clair Got Triggered Connect with Sara on Social Media: https://twitter.com/saragonzalestx https://www.instagram.com/saragonzalestx http://facebook.com/SaraGonzalesTX ► Subscribe on Apple Podcasts https://podcasts.apple.com/us/podcast/sara-gonzales-unfiltered/id1408958605 ► Shop American Beauty by Sara: http://americanbeautybysara.com Sara Gonzales is the host of Sara Gonzales Unfiltered, a daily news program on Blaze TV. Joined by frequent contributors & guests such as Chad Prather, Eric July, John Doyle, Jaco Booyens, Sara breaks down the latest news in politics and culture. She previously hosted "The News and Why It Matters," featuring notable guests such as Glenn Beck, Ben Shapiro, Dave Rubin, Michael Knowles, Candace Owens, Michael Malice, and more. As a conservative commentator, Sara frequently calls out the Democrats for their hypocrisy, the mainstream media for their misinformation, feminists for their toxicity, and also focuses on pro-life issues, culture, gender issues, health care, the Second Amendment, and passing conservative values to the next generation. Sara also appears as a recurring guest on the Megyn Kelly Show, The Sean Spicer Show, Tim Pool, and with Jesse Kelly on The First TV. Learn more about your ad choices. Visit megaphone.fm/adchoices
According to recent reporting, DOGE fell short of its goals to save taxpayers $1 trillion and streamline government processes. So what did we get from the agency? *** Thank you for listening. Help power On Point by making a donation here: www.wbur.org/giveonpoint
The A.M. Update kicks off the week with escalating tensions: DOJ probing Minnesota leaders Tim Walz and Jacob Frey for allegedly obstructing federal immigration enforcement amid reports of mobs targeting perceived ICE supporters in Minneapolis. Kristi Noem defends the deportation focus on violent offenders against media pushback. Trump ramps up pressure on European allies with tariff threats tied to a potential Greenland acquisition. Chuck Schumer vows to reverse DOGE cuts if Democrats reclaim Congress, while new Virginia Governor Abigail Spanberger rescinds pro-ICE policies on day one and Lt. Gov. Ghazala Hashmi is sworn in on the Quran. Illinois expands automatic criminal record sealing, raising employer and safety concerns. Canada's Mark Carney shifts from calling China a top security threat to praising Xi Jinping's leadership. Ben Affleck offers grounded skepticism on AI hype during a Joe Rogan appearance, arguing it plateaus at average outputs and serves more as an expensive tool than revolutionary force. Sharp takes to start the week strong. The AM Update, Minnesota DOJ probe, Tim Walz, immigration enforcement, ICE deportations, Greenland tariffs, Chuck Schumer, Virginia redistricting, criminal record sealing, Mark Carney China, Ben Affleck AI, artificial intelligence, politics, current events, conservative commentary