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Fraud Allegations A reported $9+ billion fraud in Minnesota’s Medicaid and childcare programs. Fraud schemes allegedly involved fake daycare centers, autism centers, and home healthcare providers. Claims that funds were diverted to terrorist groups like Al Shabaab. Actors and Accountability Somali immigrants are the primary perpetrators. Minnesota politicians (e.g., Governor Tim Walz) for alleged complicity or negligence. DOJ and FBI investigations mentioned, with 98 individuals charged, 85 of Somali descent. Political Narrative Fraud was tolerated to secure votes and maintain political power by Democrats. Systemic corruption and links to Democratic strategies involving welfare dependency. Media Criticism Mainstream media is ignoring or downplaying the scandal. There is bias and a political cover-up. Federal Response Actions by HHS and other agencies are needed to tighten oversight and stop fraudulent payments. Highlights statements from officials and references to Elon Musk’s earlier warnings about entitlement fraud. Please Hit Subscribe to this podcast Right Now. Also Please Subscribe to the 47 Morning Update with Ben Ferguson and The Ben Ferguson Show Podcast Wherever You get You're Podcasts. And don't forget to follow the show on Social Media so you never miss a moment! Thanks for Listening YouTube: https://www.youtube.com/@VerdictwithTedCruz/ Facebook: https://www.facebook.com/verdictwithtedcruz X: https://x.com/tedcruz X: https://x.com/benfergusonshow YouTube: https://www.youtube.com/@VerdictwithTedCruzSee omnystudio.com/listener for privacy information.
James T. Harris fills in for Jesse. Joe Rogan believes Elon Musk may have altered the course of Western Civilization with the purchase of Twitter. Social media was being manipulated before that. Elon exposes the strategy of the left. Trump wants no tax on tips, blue states stone walling. Follow The Jesse Kelly Show on YouTube: https://www.youtube.com/@TheJesseKellyShowSee omnystudio.com/listener for privacy information.
Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this New Year's Eve Headline Brief of The Wright Report, Bryan delivers major economic updates, exposes collapsing green energy narratives, explains the White House's aggressive new asylum strategy, and revisits the explosive Somali fraud scandal in Minnesota that is now dominating national politics. He closes with a reflection on truth, power, and why elites work so hard to stop Americans from asking hard questions. Good News for Your Wallet: Pending home sales jumped 3.3 percent in November, the strongest showing in three years, driven by rising wages and lower mortgage rates. Rents are falling across most major cities, creating the most renter-friendly market in at least a decade. HUD data shows that two-thirds of rental demand came from the foreign-born, meaning deportations and self deportations are directly increasing housing supply and lowering prices for native born Americans. The Cheap Labor Myth Collapses: After more than two and a half million illegal migrants have left the country, GDP and wages are rising while rents and crime fall. Bryan argues Americans were lied to for decades by elites who claimed cheap foreign labor was necessary. The data now shows the opposite, and he calls the moment revolutionary. Green Energy Reality Check: China's renewable energy boom is largely a mirage, with many wind and solar projects never connected to the grid. Beijing is simultaneously expanding coal plants across Southeast Asia. Global wind speeds and solar efficiency are declining, and Japan is restricting solar farms for environmental and aesthetic reasons. Bryan says the global green movement is now in retreat. Trump's New Asylum Strategy: The White House is canceling large numbers of asylum claims and sending others to third countries like South Sudan or Palau while cases are reviewed. The administration says most asylum claims are fraudulent and designed to exploit loopholes. Democrats accuse Trump of abandoning human rights. DOJ Targets DEI Programs: The Justice Department is using the False Claims Act to pressure federal contractors to dismantle Diversity, Equity, and Inclusion programs. Companies must either eliminate DEI or face massive fines for defrauding the government. Universities Face a Financial Shake-Up: The Trump administration wants universities and venture capital firms to share profits from taxpayer-funded research. Commerce Secretary Howard Lutnick is pushing for equity stakes or cash returns when patents are commercialized. Elon Musk Enters the Midterm Fight: Despite past clashes with Republicans, Elon Musk says he will spend hundreds of millions of dollars to help the GOP keep Congress. He cites fears of Democrat censorship, economic control, and what he calls ideological extremism. Minnesota's Somali Fraud Scandal Explodes: Federal investigators say Somali-run nonprofits defrauded taxpayers of at least nine billion dollars through fake daycares, autism services, food programs, and Medicaid scams. Money funded luxury lifestyles, Islamist terror groups, and Democratic campaigns. Governor Tim Walz halted earlier investigations after activists accused the state of racism. A Somali academic told the New York Times that fraud is culturally encouraged, a statement Walz has avoided addressing. Bryan explains why Elon Musk now calls the governor "Traitor Tim." A New Year's Reflection: Bryan closes by urging listeners to reject elite deflections and keep demanding the truth. He argues that the real battle ahead is not left versus right, but truth versus lies, and promises that this podcast will continue to challenge power with facts, logic, and reason in the year ahead. "And you shall know the truth, and the truth shall make you free." - John 8:32 Keywords: pending home sales rent decline deportations, cheap labor myth wages GDP, China coal expansion fake green energy, Trump asylum third country policy, DOJ False Claims Act DEI, university patent profit sharing Lutnick, Elon Musk GOP midterms funding, Minnesota Somali fraud nine billion dollars, Tim Walz investigation, al Shabaab terror funding
Topics discussed, by month:JanuaryThe year opened with Donald Trump's second inauguration and a rapid slate of executive actions, including a controversial move that effectively kept TikTok alive after a brief shutdown. The ceremony highlighted a conspicuous alliance between Trump and major tech figures — framed as an early signal of an AI-driven, business-friendly Trump 2.0 — alongside cultural flashpoints like Elon Musk's gesture that sparked online backlash.FebruaryTrump reintroduced tariffs on Canada and Mexico, triggering market volatility and a sense that the second administration would closely resemble the first. The episode became a turning point for media and political observers, who noted both reduced hysteria compared to 2017 and a more subdued press landscape shaped by declining ratings, clicks, and subscriber growth.Politics Politics Politics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.MarchA historic blizzard paralyzed much of the American South, hitting northern Louisiana, Mississippi, Alabama, and especially the Dallas–Fort Worth area, where hundreds of thousands lost power. The storm stood out as a rare reminder of infrastructure vulnerability in regions unaccustomed to severe winter weather.April“Liberation Day” marked Trump's sweeping tariff announcement, forcing long-time free-trade conservatives to publicly accept policies they once opposed as markets reacted sharply. The moment crystallized tensions within the GOP coalition, highlighted generational backlash from Gen Z voters, and underscored growing anxiety about the economy, inflation, and job security.MayTrump announced a major economic deal with Qatar, bringing Middle East politics and foreign influence — particularly within right-wing media — into sharper focus. The deal coincided with intensifying divisions inside conservative circles over Qatar, Saudi Arabia, Israel, and the broader regional conflict, exposing deep fractures within the MAGA-aligned media ecosystem.JuneThe U.S. carried out targeted airstrikes on Iran's nuclear facilities in one of the year's strangest and most anticlimactic geopolitical moments. Despite intense speculation and internal right-wing conflict over the prospect of war, the strikes produced no immediate escalation, quickly fading from public attention after briefly dominating political discourse.JulyCatastrophic flooding in Texas over the July 4th holiday killed at least 135 people, with the destruction of a girls' summer camp becoming a focal point for grief and anger. The discussion centered on loss of life, questions about building in known flood zones, and the emotional toll of reporting on tragedy.AugustA surprise U.S.–Russia summit in Alaska brought Vladimir Putin to American soil for the first time in years, framed as a tentative step toward ending the war in Ukraine. SeptemberThe assassination of Charlie Kirk at a Turning Point USA event in Utah dominated the conversation as the defining story of the year. The killing reshaped right-wing media, hardened attitudes around speech and retaliation, exposed moral failures in online discourse, and accelerated the rise of figures like Candace Owens and Nick Fuentes amid what is described as a profound loss of cohesion on the right.OctoberThe longest government shutdown in U.S. history paralyzed Washington and revealed how little clarity even insiders had about its endgame. While it failed to specifically earn the Democrats what they publicly said they wanted, the shutdown ultimately functioned as a political weapon, energizing Democrats in off-year elections while deepening public cynicism about governance and leverage politics.NovemberDemocratic overperformance in off-year elections, including Virginia and New Jersey, reframed the shutdown as a tactical success rather than a policy-driven fight. That momentum quickly curdled into skepticism, with voters sensing a power grab and turning on Democrats once the immediate political payoff was achieved.DecemberThe Trump administration's pardon of former Honduran president Juan Orlando Hernández — convicted of facilitating large-scale cocaine trafficking — sparked debate over executive power, corruption, and contradictions in U.S. anti-narcotics policy. The month closed with a broader reflection on “state of exception” politics, where violence and extralegal force are justified as necessary to restore order, a theme tied back to both Trump's actions and the year's broader political unrest.Chapters00:00:00 - Intro00:01:21 - January00:11:10 - February00:15:47 - March00:18:38 - April00:25:41 - May00:31:54 - June00:37:08 - July00:47:04 - August00:52:22 - September01:27:14 - October01:30:03 - November01:34:48 - December01:44:15 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe
On the eve of 2026, Matt Kibbe takes a look back at the first year of Donald Trump's second term as president of the United States. Trump was swept into office by an extraordinary coalition of tech enthusiasts, disaffected Democrats, and even libertarians, all of whom expected big things in return for their support. Trump promised to drain the swamp, end foreign wars, cut spending, and free Ross Ulbricht. These selected segments from this year's "Kibbe on Liberty" guests trace Trump's progress on all these issues, from the heady days of Elon Musk's Department of Government Efficiency to the bitter parting of ways between Trump and conservative lawmakers like Thomas Massie and Marjorie Taylor Greene, as well as how these issues will affect Republicans in the looming 2026 midterm elections.
Europe's banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT's US national editor and columnist Edward Luce predicted America's president would not fall out with one-time “first buddy”, billionaire Elon Musk in 2025. He explains why they could form a new kind of alliance in 2026. Mentioned in this podcast:AI forecast to put 200,000 European banking jobs at risk by 2030Forecasting the World in 2025 Forecasting the world in 2026Note: The FT does not use generative AI to voice its podcasts Today's FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music. Credits: The White House, Fox News, CBS, APRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
On today's new episode and the last of 2025, the guys discuss the 1998 classic Small Soldiers directed by Joe Dante and starring Tommy Lee Jones and Kirsten DunstBut first, are Clive Owen and Gerard Butler basically the same guy? Do we love the cast of this movie? Is this our first edition of The Boys Talk Toys? Did we all see this in theaters? Does this movie have Gremlins vibes and easter eggs? How was the CGI for a 1998 film? If Toy Story had Apocalypse Now vibes would it be Small Soldiers? For a kids movie does this have intelligent critiques of the military industrial complex? Were they trying to make Jay Mohr a thing in the 90s? Was this move Phil Hartman's last role? Did Andy Dick OD recently? Is Cody the Alan Abernathy of the pod? Does this movie get a 6 on the Foley? Would Avatar exist without Small Soldiers? Is this movie insanely quotable? Is Stephen Lang the real life Chip Hazard? Was Led Zeppelin cool in the 90s? Does this movie have a crazy soundtrack? Is this movie too violent for kids? Did the boys have encyclopedias growing up? Is this a “holiday” movie? Can these toys feel pain or reproduce? Will there ever be a Small Soldiers 2? Was this movie a box office flop? Do we each have a favorite Adam Sandler-produced movie that the others hate? Why do we need to ban Elon Musk from watching Small Soldiers? Were there any Small Soldiers video games? Are we The Heavy Duty Boys? Who is Reba playing in the MCU?Check out the Kickstarter pre-launch page for Superguy issue #2 https://www.kickstarter.com/projects/mrtonynacho/superguy-2-my-date-with-the-presidents-daughter?ref=creator_tabNew episodes every THURSDAYFollow us on social media! Bluesky // Instagram // Twitter // TikTok :@comicsnchronicYouTube:www.youtube.com/channel/UC45vP6pBHZk9rZi_2X3VkzQE-mail: comicsnchronicpodcast@gmail.comCodyInstagram // Bluesky:@codycannoncomedyTwitter: @Cody_CannonTikTok: @codywalakacannonJakeInstagram // Bluesky:@jakefhahaAnthonyBluesky // Instagram // Threads // Twitter // TikTok:@mrtonynacho
Where did Elon Musk's epic ambitions begin? In search of clues, the latest season of Understood: The Making of Musk returns to his sheltered youth in apartheid South Africa, a world engineered for white supremacy. In this second episode, host Jacob Silverman explores whether Musk's authoritarian streak traces back to his Canadian grandfather. Before Joshua Haldeman brought his family to South Africa, he made waves as part of the radical 1930s Technocracy movement. And while the two men's lives only overlapped for three years, we find echoes of Elon's worldview in Haldeman's pro-tech, anti-democratic ideology.You can find Understood wherever you get your podcasts, and here: https://link.mgln.ai/FBxMoM2
In this New Year's Eve edition of Kim on a Whim, Kim runs through her picks for the top stories of 2025 — from Gayle King's controversial “astronaut” claim and the historic election of Pope Leo from Chicago to the deadly D.C. air collision, the record-long government shutdown, and the tragic Texas flood. She also revisits Elon Musk's feud with Trump over tariffs and the fiery backlash from Tesla owners, wrapping up with “Liberation Day,” when Trump's tariffs reshaped global trade. The crew weighs in throughout with humor, disbelief, and sharp commentary on media spin and political hypocrisy. #KimOnAWhim #TopStories2025 #TrumpTariffs #ElonMusk #PopeLeo #MarkCoxMorningShow
Hour 1 of the show blends New Year's reflection with sharp political and cultural commentary. The crew opens by sharing personal highs and lows from 2025 and looking ahead to 2026 with a renewed focus on intentional living. They dive into Trump's freeze on Minnesota childcare payments amid widespread fraud and media silence, highlight Kim's “Top 10 Stories of 2025” — from the Pope's election to tariffs and Elon Musk's feuds — and close with a fiery segment on vaccine accountability and media fear tactics. It's an hour of honesty, humor, and unapologetic perspective to close out the year. #NewYearsEve #IntentionalLiving #TrumpAdministration #KimOnAWhim #MediaBias #HealthFreedom #MarkCoxMorningShow
Slam The Gavel Podcast welcomes back Ellie who was last on the podcast Season 6, Episode 324. Today Ellie discussed updates discussing how her daughter became confused in school and suddenly wanted to be called by a "male" name. An inept caseworker, Attorney Annika Stokes, GAL Michael Horan and Judge Molly Bigelow in Shasta California have an agenda of their own: to put Ellie's daughter in foster care and eventually adopt her out. Ellie still doesn't know if her daughter was given hormones or other psychiatric medications. At present her daughter is residing in foster care, living with five other children and is sharing a room with a male. Ellie discussed the corruption in the courts and the immigrant component. Ellie and her family came to the U.S. LEGALLY and because of their accent, and culture are being treated like garbage. Her family's Due Process Rights have been violated for so long. Ellie also discussed getting her story out to other media outlets.To Reach Ellie: shastaforart@gmail.com, on X: https://x.com/Ellieforpa22611, Substack: https://honeybadgerukrainian.substack.com/(https://www.buymeacoffee.com/maryannpetri)*DISCLAIMER* The use of this information is at the viewer/user's own risk. Content on this podcast does not constitute legal, financial, medical or any other professional advice. Viewer/user/guest should consult with the relevant professionals. IRS CIRCULAR 230 DISCLOSURE: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or matter addressed herein. Reproduction, distribution, performing, publicly displaying and making a derivative of the work is explicitly prohibited without permission from content creator. The content creator maintains the exclusive copyright and any unauthorized copyright usage is strictly prohibited. Podcast is protected by owner from duplication, reproduction, distribution, making a derivative of the work or by owner displaying the podcast. Owner shall be held harmless and indemnified from any and all legal liability.Support the showSupportshow(https://www.buymeacoffee.com/maryannpetri)http://www.dismantlingfamilycourtcorruption.com/
En septembre, il est devenu pendant quelques instants l'homme le plus riche du monde, devant Elon Musk. Dans «La Story», le podcast d'actualité des «Echos», Margaux Boulte et Henri Gibier analysent le parcours du fondateur d'Oracle, Larry Ellison.« La Story » est un podcast des « Echos » présenté par Margaux Boulte. Cet épisode a été enregistré en décembre 2025. Rédaction en chef : Clémence Lemaistre. Invitée : Henri Gibier (conseiller éditorial aux Echos). Réalisation : Willy Ganne. Chargée de production et d'édition : Clara Grouzis. Musique : Théo Boulenger. Identité graphique : Upian. Photo : Andrew Harnik/Getty Images/AFP. Sons : BFM, Bloomberg, Oracle, WSJ News. Retrouvez l'essentiel de l'actualité économique grâce à notre offre d'abonnement Access : abonnement.lesechos.fr/lastory Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.
What do Sam Altman, Jensen Huang, Reid Hoffman, Marc Andreessen, and Elon Musk actually believe about the future of tech?In this episode of the Newcomer Podcast, we break down the quotes that defined tech in 2025. From OpenAI and Anthropic to venture capital, regulation, and Silicon Valley power, these are the moments where powerful people said the quiet part out loud.Rather than reacting to headlines, we look at the specific lines that revealed how AI companies think about compute and money, how venture capital is consolidating power, and why tech and politics are now inseparable.We cover:What Sam Altman and OpenAI revealed about scale and computeHow VC giants like Andreessen Horowitz and Lightspeed talk about power and accessWhy AI regulation looks very different in public than it does in privateThe quotes that mattered more than any keynote or earnings callThis is a year-in-review told through the words that shaped it.
Dave Rubin of "The Rubin Report" shares the best Direct Message moments of 2025 discussing the clash between Elon Musk and Donald Trump; the rise of Zohran Mamdani and the Democratic Socialists; Ilhan Omar's connections to the massive Somali community fraud scandal in Minnesota; Donald Trump's inauguration; the assassination of Charlie Kirk; the cancellation of Stephen Colbert's The Late Show; Trump's attack on Iran's nuclear sites; Hamas releasing the remaining Israeli hostages; Gavin Newsom trying to be presidential; Jasmine Crockett announcing her run for Texas senate; as well as the best and worst moments of Whoopi Goldberg and the hosts of "The View", White House Press Secretary Karoline Leavitt; and much more. Watch ALL the FULL DIRECT MESSAGES HERE: https://www.youtube.com/playlist?list=PLEbhOtC9klbDG22n--rCDbv02-n8l6agL Check out the NEW RUBIN REPORT MERCH here: https://daverubin.store/ --------- Today's Sponsors: Tax Network USA - If you owe back taxes or have unfiled returns, don't let the government take advantage of you. Whether you owe a few thousand or a few million, they can help you. Call 1(800)-958-1000 for a private, free consultation or Go to: https://tnusa.com/dave Noble Gold Investments - Whether you're looking to roll over an old 401(k) into a Gold IRA or you want physical gold delivered right to your home Noble Gold makes the process simple. Download the free wealth protection kit and open a new qualified account and get a FREE 10-ounce Silver Flag Bar plus a Silver American Eagle Proof Coin. Go to http://DaveRubinGold.com Rumble Premium - Corporate America is fighting to remove speech, Rumble is fighting to keep it. If you really believe in this fight Rumble is offering $10 off with the promo code RUBIN when you purchase an annual subscription. Go to: https://Rumble.com/premium/RUBIN and use promo code RUBIN
President Trump has a serious message for Vladimir Putin. Jake Tapper gets a taste of who the Democrat Party really is. Bill Maher has a message for liberals. Scott Pelley from CBS News is worried about free speech, apparently. NDI Tulsi Gabbard declassifies documents on how the Biden administration labeled Americans who opposed administration policies. COVID vaccine is no longer recommended for young children and pregnant women. Will there ever be accountability for the harms caused by the COVID vaccine? Billy Joel has a brain condition that's taking him off tour. Southwest Airlines' big changes have arrived. Alan Alda … dead or alive? Elon Musk has learned that politics is a bad investment as his DOGE cuts fade away. Is the gold still in Fort Knox? Consumer confidence is higher than expected. Laura Loomer stealing Pat's "Unleashed"?? Was Senator Elizabeth Warren (D-Mass.) behind the autopen signature of President Joe Biden? What's next for South Africa? FBI opening up new investigations around January 6 and White House cocaine. More information about the public Macron spat. Chris Christie is fat. Canada ready to be the 51st state? Secret Service troubles continue. Learn more about your ad choices. Visit megaphone.fm/adchoices
Trump and Musk didn't save the American People $2 Trillion in “waste” cutting, they WASTED $22 billion in employee buy out packages, as Trump outspent Biden's Administration by more than $300 billion dollars in year 1, mostly on defending his failed immigration and economic policies. Michael Popok cuts Doge and Musk and Trump down to size in his latest hot take. Everyday Dose: Go to https://EverydayDose.com/legalaf for 45% OFF your first order!Subscribe: @LegalAFMTN Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Learn more about your ad choices. Visit megaphone.fm/adchoices
Elon Musk warns “people will die” after Zohran Mamdani backs appointing a non-firefighter as FDNY commissioner. The PBD Podcast breaks down the hire, the DEI vs experience debate, and why critics say symbolic leadership puts public safety at risk when real-world emergencies hit.
Buckle up—this episode of Joe Oltmann Untamed is historic: Joe officially declares his candidacy for Governor of Colorado! He lays out why he's stepping into the fight to reclaim the state from corruption, woke policies, and election fraud. Amid the announcement, Joe slams the ongoing voting machine scandals, spotlighting Patrick Byrne's explosive post about SmartMatic's DOJ indictment followed by EAC recertification—how does this keep happening? Joe demands real action, not more cover-ups.Our powerhouse guest Michael A. Letts, Founder/CEO of InVest USA, who has equipped thousands of officers with free bulletproof vests joins us for a fiery conversation. As SC State Constable, Chaplain for Columbia PD and SLED, and recipient of the Congressional Gold Medal and SC Order of the Palmetto, Michael reveals the rising dangers to first responders in 2025 and how communities can step up to protect those who protect us.The show closes with a brutal look at Minnesota's cesspool of Somali fraud people fuming as millions vanish, deadly consequences emerging, and corrupt judges dismissing cases left and right. Elon Musk calls out Gov. Walz, Mike Lindell vows to shut it down if elected, and MSNBC spins it as "weaponization." Joe declares enough—time to clean house, hold traitors accountable, and fight for the America we deserve. This is Joe Oltmann Untamed: raw truth, righteous anger, and the battle cry to take our country back. Tune in now!
As Aaron continues to look back at the previous year, he points out that Elon was warning us about massive fraud. Visit the Howie Carr Radio Network website to access columns, podcasts, and other exclusive content.
SILVER SERPENTS - 12.29.2025 - #903 BestPodcastintheMetaverse.com Canary Cry News Talk #903 - 12.29.2025 - Recorded Live to 1s and 0s Deconstructing World Events from a Biblical Worldview Declaring Jesus as Lord amidst the Fifth Generation War! CageRattlerCoffee.com SD/TC email Ike for discount https://CanaryCry.Support Send address and shirt size updates to canarycrysupplydrop@gmail.com Join the Canary Cry Roundtable This Episode was Produced By: Executive Producers LX Protocol BARON of the Berrean Protocol*** Dame Pocojo*** Gary S*** Sir Jamey Not the Lanister*** Mark G*** Felicia D*** Arnold W*** Gingah*** Jonathan K*** Anonymous*** Sir Igorious Baron of the Squatting Slavs*** Baroness AR IRL*** Trapper Guy Tom*** Producers of TREASURE (CanaryCry.Support) Michael B, Cage Rattler Coffee, Producers of TIME Timestampers: Jade Bouncerson, Morgan E Clankoniphius Links: JAM SHOW NOTES SILVER SQUEEZE/AI 11:09 Gold, Silver Plunge as Traders Book Profit From Record Rallies (Bloomberg) → 'This is not good': Elon Musk on edge as silver hits record highs (Quartz) → Jon AG [Asian Guy] is AI KOL for silver taking internet by storm (X) FLIPPY UPDATE 30:39 Clip: Trump is bullish on robots (X) China deploys humanoid robot to patrol border (IBT) TRUMP/BEBE 45:05 Clip: Bebe and Trump stand side to side, says Bebe will be pardoned as wartime PM (X) Clip: Bebe and Trump stand side to side, says strike on Venezuela started (X) Clip: Bebe and Trump stand side to side, says will support strike on Iran (X) Clip: Bebe and Trump stand side to side, says Putin mad after his home hit with drones (X) ZIONIST 1:03:55 Bebe: Israel to spend $110 billion to develop independent arms industry in next decade (Reuters) → Bebe talks to Elon about AI, autonomous cars; Musk to visit Israel in March (Times of Israel) → Sept. 2025: Trump Proposes Selling Nearly $6 Billion in Weapons to Israel (Military . com) → Over $13 billion in US military aid to Israel improperly tracked: IG (Military Times) SCAM 1:16:30 YouTuber Nick Shirley gets FBI response to Minnesota fraud probe (Axios) DHS begins Door-to-Door knocks at fraud sites (Fox 9) Clip: Tim Walz says it's white supremacy Clip: Somalia is being used as scapegoat says Analyst Gay on MS Now (X) BUNKER 1:55:10 Prime Video May Expand 'Fallout' With a Reality Show Spinoff (X) EXECUTIVE PRODUCERS 2:09:52 TALENT/TIME 2:40:35 END 3:05:16
$400K of lobster was stolen in a seafood heist. Joe Rogan claims when Elon Musk purchased Twitter “he changed the course of civilization”. A list goes viral of all of the fake daycares in Minnesota.Thank you for supporting our sponsors that make The Dana Show possible…Patriot Mobilehttps://PatriotMobile.com/Dana OR CALL 972-PATRIOTWhat are you waiting for? Switch today during the Red, White, and Blue sale. Use promo code DANA for a Samsung A16 5g smartphone. Sale ends soon.Relief Factorhttps://ReliefFactor.com OR CALL 1-800-4-RELIEFDon't let pain stop you from living the life you want with Relief Factor. Get their 3-week Relief Factor Quick Start for only $19.95 today! PreBornhttps://Preborn.com/DANAYou have the power to help save a life. Donate today by dialing #250 and say “Baby,” or give securely online. Make your end of year gift today.Subscribe today and stay in the loop on all things news with The Dana Show. Follow us here for more daily clips, updates, and commentary:YoutubeFacebookInstagramXMore Info
Craig Collins sits in for Dana. The Somali daycare fallout continues as Republicans urge to deport the fraudsters. Ukraine President Zelensky bucked with Trump in his Fox News interview over Russia. Joe Rogan claims when Elon Musk purchased Twitter “he changed the course of civilization”. $400K of lobster was stolen in a seafood heist. A list goes viral of all of the fake daycares in Minnesota. TX Sen. Paul Betancourt joins us to break down the Texas Senate election chances, the elimination of property taxes, election integrity and more. Tim Walz's daughter posts a video saying everyone is being mean to her dad. Police drones are being used more often to issue tickets.Thank you for supporting our sponsors that make The Dana Show possible…Patriot Mobilehttps://PatriotMobile.com/Dana OR CALL 972-PATRIOTWhat are you waiting for? Switch today during the Red, White, and Blue sale. Use promo code DANA for a Samsung A16 5g smartphone. Sale ends soon.Relief Factorhttps://ReliefFactor.com OR CALL 1-800-4-RELIEFDon't let pain stop you from living the life you want with Relief Factor. Get their 3-week Relief Factor Quick Start for only $19.95 today! PreBornhttps://Preborn.com/DANAYou have the power to help save a life. Donate today by dialing #250 and say “Baby,” or give securely online. Make your end of year gift today.Subscribe today and stay in the loop on all things news with The Dana Show. Follow us here for more daily clips, updates, and commentary:YoutubeFacebookInstagramXMore Info
Most people think goal setting is about writing down what you want. It's not. It's about creating gravitational pull so strong that your entire life reorganizes around what you're building. After 15 years of setting and hitting impossible goals — from building multiple businesses to launching a top podcast to selling a million books — I've cracked the code on why most people fail and the few who win do it differently. In this episode, I break down my exact five-step process for setting goals you'll actually follow through on in 2026. You'll learn the regret minimization framework from Jeff Bezos, why Elon Musk uses first principles and backwards timelines, how Warren Buffett's 5/25 rule forces ruthless focus, and why Sam Walton obsessed over daily numeric targets instead of quarterly objectives. I reveal why exploitation keeps you efficient but exploration creates breakthroughs, how to use goal gravity to pull everything towards your target, and why your year needs a name before it can have a plan. But this isn't theory — it's my actual goal journal from the last 15 years. I show you my relationship goals, work targets, travel plans, and even the silly stuff like feeling more feminine and cutting out bread (spoiler: didn't nail that one). You'll see my "more of/less of" list, why I track daily streaks, and how I turned 2024 into my "full send" year and 2025 into my "year of flow." If you're tired of setting the same goals every January and abandoning them by February, or if you want to finally build a life most people only dream about, this episode will change how you think about goal setting forever. It takes 21 days to create a habit, but 90 days to create a totally different lifestyle. Start your timer. This is day one. Protect what you own. Next makes it fast, simple, and painless. Check it out: https://www.nextinsurance.com/codie ___________ 00:00:00 Introduction 00:01:12 Goal Gravity: Why Small Goals Kill Your Future 00:02:13 Exploitation vs Exploration: The Fork in the Road 00:03:44 The Regret Minimization Framework from Bezos 00:04:40 Name Your Year: The Power of Framing 00:06:26 First Principles and Backwards Timelines: The Elon Musk Method 00:09:21 The Four Goal Categories: Relationship, Work, Travel, and Fun 00:11:37 The Say No List and Warren Buffett's 5/25 Rule 00:13:17 More Of, Less Of: The Anti-Goal Method 00:14:59 Daily Scoreboard: Sam Walton's Obsessively Measurable Goals 00:16:54 The Five Patterns of World-Class Goal Setters ___________ MORE FROM BIGDEAL
Imagine a mind that can solve a Rubik's Cube in 17 seconds. A mind that contributed to the development of OpenAI. A mind that directed AI for Elon Musk at Tesla. A mind named one of Time Magazine's Top 100 in artificial intelligence. Now imagine that same mind encountering recent, almost "alien" advances in programming—so startling they prompted a public admission: "I have never felt so behind." If someone like that can't keep up, what does it mean for the rest of us? We're entering a world we may not soon recognize. For Cal, that realization leads to a simple conclusion: This New Year isn't about racing machines—it's about reclaiming what they can't replace.
David Lynch, Jane Goodall, and other notable 2025 losses ... When Bob called James Watson a "mad scientist" ... Predicting 2050: Star Trek abundance vs. "Total Chaos Planet"? ... The age of algorithmically guided attention ... Global poverty reduction (and its flip side) ... Will anyone care if your newsletter is AI-written? ... Trump's USAID cuts killed a lot of people ... Elon Musk, Alex Karp, and the age of the "manifestly crazy" ... Can the Supreme Court stop Trump? ... JD Vance's identity crisis: Tech bro or populist? ... The "Black Swan": When AI starts killing people ... AI scientific breakthroughs to come ... Bob and Paul's 2025 Entertainment Awards ... Which jobs are truly AI-proof? ... Bob's Epstein document deep-dive ... Bill Ackman's conspiracy-theory-brained year ... Are US arms sales pushing China to invade Taiwan? ... Barry Weiss's journalistic scruples ...
Click Here to Get All Podcast Show Notes!Most people think taxes are unavoidable once their investments grow. But billionaires play a completely different game. In this episode, Sharran breaks down the single strategy the wealthiest individuals use to access liquidity without selling assets or paying capital gains taxes.You'll learn how securities-based lending works, why borrowing is not a taxable event, and how billionaires like Elon Musk, Jeff Bezos, and others use their portfolios as personal banks. More importantly, Sharran explains how this strategy applies to everyday investors with far smaller portfolios.Sharran also walks through the real risks—margin calls, interest rate exposure, and poor capital allocation—so you understand when this tool is powerful and when it can destroy wealth. If you want your money to keep compounding while still funding real estate, business growth, or new opportunities, this episode gives you the playbook.“The greatest hack in wealth creation is to become your own bank so that you can borrow from yourself.”- Sharran SrivatsaaTimestamps:01:16 - How billionaires avoid taxes without loopholes03:05 - Why selling assets triggers wealth destruction05:17 - Securities-based lending explained step by step06:51 - Real example: Borrow vs. sell 10:26 - Margin calls and how investors get wiped out11:30 - Safe borrowing rules to protect your portfolio13:23 - How to set up a securities-backed line of credit15:25 - Key takeaway from today's episodeResources:- The Next Billion by Sharran Srivatsaa - https://sharransrivatsaa.substack.com/- Acquisition.com - https://www.acquisition.com/- Board Member: ARC Multifamily Real Estate Investing - https://arcmf.com/- Board Member: The Real Brokerage - https://www.joinreal.com/Connect with Sharran:- Facebook - https://www.facebook.com/likesharran- Instagram - https://www.instagram.com/sharransrivatsaa/- X - https://x.com/sharran- LinkedIn -
As Elon Musk checked out of DOGE and left government service, he promised he would be starting his own political party: the America party. Now, it appears he is back in the fickle embrace of MAGA… and it's no accident. According to the Washington Post, Vice President JD Vance spent much of the summer and fall working to bring Musk back into the good graces of Donald Trump.Despite disagreements on the so-called “Big Beautiful Bill” and the Epstein files, Musk really wanted his associate Jared Isaacman to lead NASA. After Trump pulled the nomination, Vance reportedly paved the way for Isaacman to be re-nominated and then confirmed. The Trump-Musk truce is in place, but for how long?We welcome Pulitzer Prize winning author and investigative journalist David Cay Johnston to the show to talk politics.It's Tech Tuesday on The Mark Thompson Show. Jefferson Graham will swing by to talk gadgets. The Mark Thompson Show 12/30/25Patreon subscribers are the backbone of the show! If you'd like to help, here's our Patreon Link:https://www.patreon.com/themarkthompsonshowMaybe you're more into PayPal. https://www.paypal.com/donate/?hosted_button_id=PVBS3R7KJXV24And you'll find everything on our website: https://www.themarkthompsonshow.com
The news of Texas covered today includes:Our Lone Star story of the day: What do the recent census estimates show about Texas' major cities and counties? One result is a flip-flop on the which is the fourth largest city in Texas – but don't worry, it will flip back as Austin keeps raising taxes while Tarrant County keeps lowering property taxes.Our Lone Star story of the day is sponsored by Allied Compliance Services providing the best service in DOT, business and personal drug and alcohol testing since 1995.Texas Manufacturing Outlook Survey for December.Elon Musk's X backs Texan's free speech fight in case of tranny photographed in the Texas Capitol women's restroom.Murder warrant issued for man wanted in shooting death of Eddy Betancourt, prominent Rio Grande Valley businessman.Listen on the radio, or station stream, at 5pm Central. Click for our radio and streaming affiliates.www.PrattonTexas.com
2025 has show us the evolution of alternative media into the very thing it was sold not be to be; regurgitated talking points rooted in advertisements, special interests, and personal bias. On this end-year episode of TST radio, we will look to investigate the underlying mechanism behind the claims and narratives that become talking points every day. These are stories that are not new nor unique, yet are presented in a way to essentially obscure the past in the name of truth and exposing corruption. We begin with Nick Shirley: Nick Shirley's 42 minute “I Investigated Minnesota's Billion Dollar Fraud Scandal” video went viral on X after being posted on December 6, 2025. Within hours Elon Musk was posting about the lack of coverage from news outlets like ABC and Fox News, while other well-known names like Alex Jones were calling it the “fraud of the century.” Random accounts with enormous amounts of followers were calling for Nick to be given the Pulitzer Prize, every top-post was pushing memes of Nick with an X logo that said “100 million views,” and other memes were circulating about how Nick did what mainstream news could not. These posts were pushing the idea that X is completely independent and the definition of free speech and journalistic integrity. Some minor digging, however, shows all of this to be nothing but a theatrical production. Several mainstream and local news outlets covered the Minnesota fraud. In fact, ABC 5 KSTP did an investigation on the fraud in October 2025, posting a video similar to Nick's. In 2018, Fox 9 KMSP did an investigation. In 2015, Hennepin County raided multiple day-care centers as part of a fraud investigation; they arrested four people. The biggest report of all came in 2019 when the Office of the Legislative Auditor State of Minnesota did a full investigation on the Child Care Assistance Program. The investigation around hundreds of millions in fraud. Nick's report was therefore not unique, groundbreaking, or new. It also appears that the attempt to paint X as a source of truth and real journalism follows Musk's signing of an agreement with CHEQ, an Israeli company, to regulate content on the platform. As with TikTok's forced selling to Larry Ellison over content deemed dangerous to Israel, X obliterated not only stories about Israel following Nick's viral video, but drove down another Israeli story happening the same week. On December 29, 2025, Benjamin Netanyahu arrived in the United States to meet with Donald Trump. The meeting involved an announcement of pre-war in Venezuela alongside multiple discussions about an upcoming conflict with Iran. Trump also announced that he has been working with the Israel government to get Netanyahu a full pardon for his crimes. Furthermore, Nick also teamed up with Jake Lang, an Israeli behind provocations in Michigan an Texas, who arrived in Minnesota to openly called for a crusade against Islam. Just prior to Nick's video going viral, he spent some of the spring in Israel/Gaza interviewing IDF Colonel Grishna Yakubovich, former administrator of occupied Palestine. The interview featured atrocity propaganda and commentary on how evil Arabs, Muslims, and the Palestinians are. In preparation for the upcoming crusade, the Pentagon, which just failed its eighth straight budget, received a 1 trillion dollar budget from Congress. https://www.military.com/feature/2025/12/24/pentagon-fails-eighth-audit-eyes-2028-turnaround.html https://www.usatoday.com/story/news/politics/2025/07/02/trump-defense-budget-hits-1-trillion-despite-doge/84419890007/https://www.auditor.leg.state.mn.us/sreview/ccap.pdf https://kstp.com/tracking-your-tax-dollars/whistleblower-minnesotas-child-care-assistance-program-has-fraud-cases-dating-back-12-years/ https://www.fox9.com/news/millions-of-dollars-in-suitcases-fly-out-of-msp-but-why.amp https://www.startribune.com/hennepin-county-raids-day-care-centers-as-part-of-fraud-investigation-4-arrested/329988761 https://en.globes.co.il/en/article-israeli-co-cheq-to-help-musk-battle-bots-on-x-1001464912 *The is the FREE archive, which includes advertisements. If you want an ad-free experience, you can subscribe below underneath the show description.WEBSITEFREE ARCHIVE (w. ads)SUBSCRIPTION ARCHIVE-X / TWITTERFACEBOOKINSTAGRAMYOUTUBERUMBLE-BUY ME A COFFEECashApp: $rdgable PAYPAL: rdgable1991@gmail.comRyan's Books: https://thesecretteachings.info - EMAIL: rdgable@yahoo.com / rdgable1991@gmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-secret-teachings--5328407/support.
Elon Musk needs to read G.K. Chesterton!FAITHBUCKS.COM
Today, Luke discusses a creepy post from Elon Musk, Marjorie Greene's NYT profile, and more!Fundraising link: https://give.miraclefoundation.org/campaign/750148/donateOrder your PEP now!https://drinkpep.com/Get connected below!Twitter - https://twitter.com/lukepbeasleyInstagram - https://www.instagram.com/lukebeasleyofficial/TikTok -https://vm.tiktok.com/TTPdSfpPHw/YouTube channel - https://www.youtube.com/channel/UCM05jgFNwoeXvWfO9GuExzAl
En el primer año del segundo gobierno de Donald Trump, las cifras de detenciones semanales de inmigrantes se han duplicado en comparación al gobierno de Biden. En otras noticias: Estados Unidos confirmó un nuevo ataque a una narco lancha en el pacífico mientras tanto sigue el misterio por el supuesto ataque a un laboratorio de drogas. El presidente Donald Trump continúa con sus mini cumbres en Mar-a-Lago. Se reunió con Benjamin Netanyahu después de haberse reunido con Volodimir Zelenski.El frío invernal sigue azotando a los estados del medio oeste y noreste del país. Continúan las cancelaciones y retrasos de vuelos.
Ian and Aaron are answering your questions about what's coming in 2026, covering everything from AI shrinking dev teams to Elon becoming a trillionaire and so much more.Sponsored by Bento, Flare, Ittybit, tldraw, OG Kit, Tighten, and NusiiInterested in sponsoring Mostly Technical? Head to https://mostlytechnical.com/sponsor to learn more.(00:00) - No Rest For The Weary (03:39) - Manager of Agents (14:44) - Predictions! (30:57) - Ian's Personal Productivity System (40:17) - More Predictions! (58:02) - Vibe Code vs. Buying (01:03:17) - Even More Predictions! (01:17:15) - Christmas Presents Links:Aaron Levie's TweetParkinson's LawGroq's deal with NvidiaClaude's 2x Holiday PromotionObsidianPhilip K DickCursor migrated from SanityAir Span 2Stan Smith's
The Information's Stephanie Palazzolo talks with TITV Host Akash Pasricha about Meta's $2 billion acquisition of AI agent startup Manus and the biggest inflection points of the 2025 AI race. We also talk with SuRo Capital's Willy Lee about the future of Neoclouds like CoreWeave and OpenAI's competitive risks, and Aaron Tilley joins to predict how Apple will reverse its AI slump in 2026. Finally, we get into whether Elon Musk actually met his ambitious 2025 goals for Tesla and SpaceX with our reporter Theo Wayt.Articles discussed on this episode: https://www.theinformation.com/articles/2026-predictions-apple-will-reverse-ai-slumphttps://www.theinformation.com/articles/top-ai-themes-2025-watching-next-yearhttps://www.theinformation.com/briefings/metas-acquisition-values-manus-2-billionhttps://www.theinformation.com/briefings/meta-acquires-manus-ai-agentTITV airs on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Subscribe to: - The Information on YouTube: https://www.youtube.com/@theinformation- The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agenda
This Day in Legal History: Fundamental Laws of 1906On December 30, 1905, Tsar Nicholas II signed the “Fundamental Laws of 1906,” marking a pivotal moment in the Russian Empire's struggle between autocracy and constitutionalism. This act came in response to the Revolution of 1905, a period of mass unrest fueled by political repression, economic hardship, and a humiliating defeat in the Russo-Japanese War. The October Manifesto, issued two months earlier, had promised the establishment of a legislative Duma and the expansion of civil liberties. However, the Fundamental Laws, signed in December, revealed the Tsar's intention to retain ultimate authority despite these concessions.The document laid out a framework for governance, establishing a bicameral legislature with the Duma as its lower house, but Article 4 made clear that “the All-Russian Emperor possesses the supreme autocratic power.” This meant that, legally, any legislative progress remained subordinate to the Tsar's will. The laws also granted the Tsar control over the military, foreign policy, and the ability to dissolve the Duma at his discretion.While the Fundamental Laws introduced formal legal structures and acknowledged the existence of limited civil rights, they were largely symbolic gestures rather than meaningful reforms. Instead of curbing autocratic rule, the laws codified it, cloaking absolute monarchy in the appearance of legality. This duality deepened public dissatisfaction and political fragmentation.Rather than stabilizing the empire, the signing of the Fundamental Laws sowed further distrust in the regime and highlighted the Tsar's unwillingness to relinquish power. These contradictions contributed to the failure of the Duma system and fueled revolutionary momentum that would ultimately culminate in the revolutions of 1917.The Trump administration reached an agreement to review certain NIH grant applications that had been stalled or rejected amid a broader legal challenge over cuts to diversity-related research funding. The agreement followed a federal court ruling in Boston that found the NIH acted unlawfully when it canceled grants based on their perceived ties to diversity, equity, and inclusion (DEI) initiatives. Though the Supreme Court later paused part of that ruling and shifted some aspects of the litigation to a court specializing in monetary claims, the review process for future NIH funding remained in legal limbo.Under the new agreement, the NIH will re-evaluate previously frozen or withdrawn grant applications, though it is not required to fund any specific proposals. Plaintiffs in the case, including researchers and several Democratic-led states, argued that the impacted studies—focusing on topics like HIV prevention, LGBTQ health, Alzheimer's, and sexual violence—serve vital public health needs.One of the plaintiffs, University of New Mexico postdoctoral researcher Nikki Maphis, said the agreement allows important scientific work to resume after what she described as an “arbitrary and destructive freeze.” The underlying NIH policy change, which cut funding for projects deemed to reflect ideological rather than scientific priorities, remains contested. A prior ruling blocking the policy is still under appeal by the Department of Health and Human Services.Trump administration agrees to review stalled NIH research grants after lawsuit | ReutersThe Trump administration's aggressive defunding of the Consumer Financial Protection Bureau (CFPB) has pushed the agency to the brink of collapse, jeopardizing one of the few federal institutions explicitly designed to protect everyday Americans from financial harm. Created in the aftermath of the 2008 financial crisis, the CFPB has long served as a crucial recourse for people facing predatory lending, credit reporting errors, identity theft, and financial discrimination. The agency has helped return more than $21 billion to consumers since its founding. And yet, under President Trump's second term, it's being systematically dismantled—through funding cuts, legal challenges, and staffing reductions—with the administration openly declaring its intent to shut the agency down.In the absence of the CFPB, those wronged by financial institutions—like Bianca Jones, who battled a credit reporting error that nearly cost her a home, or Morgan Smith, who turned to the agency after being targeted by identity theft—may find themselves with nowhere to turn. The administration claims the CFPB promotes a political agenda, but the result is fewer protections for those already vulnerable. Rules around medical debt, overdraft fees, credit card terms, and mortgage lending have been gutted. Investigations have been shelved. Enforcement is evaporating.Critics argue that other regulators can fill the gap, but the CFPB was created because no one else was doing the job. Without it, financial institutions are more likely to abuse their power with impunity.You should ask yourself: who benefits when a consumer watchdog is taken offline? Because it certainly isn't the teachers, the single parents, the sick, or the struggling borrowers trying to make sense of a system stacked against them. It's the companies who'd rather not answer for what they do in the dark.Trump's funding cuts put America's consumer watchdog on the brink of collapse | ReutersA federal appeals court ruled that it cannot hear Amazon's constitutional challenge to the structure of the National Labor Relations Board (NLRB), deepening a circuit split on the issue and increasing the likelihood of U.S. Supreme Court review. The 9th Circuit Court of Appeals found that Amazon's case stemmed from a labor dispute and was therefore barred by the Norris-LaGuardia Act, which prohibits courts from intervening in active labor disputes. Amazon had filed the lawsuit to halt an NLRB case claiming it was a joint employer of unionized drivers working for a subcontractor and therefore obligated to bargain with their union.Amazon's broader claim—that the NLRB's structure is unconstitutional because its board members and judges are protected from at-will removal—has gained traction elsewhere. The 5th Circuit, in a recent case involving Elon Musk's SpaceX, ruled that such protections are unlawful and allowed a similar challenge to proceed. But the 9th Circuit firmly disagreed, emphasizing that courts should not interfere with labor board proceedings, regardless of the constitutional claims involved.This ruling aligns with a 3rd Circuit decision and stands in direct conflict with the 5th Circuit, setting the stage for a high-stakes resolution by the Supreme Court. Importantly, the 9th Circuit's ruling doesn't completely shut the door on such challenges—employers can still raise constitutional objections in NLRB proceedings and appeal after the fact. But for now, Amazon and other companies must make their case through the channels Congress established for resolving labor disputes.US court says it can't hear Amazon's NLRB challenge, deepening circuit split | ReutersA Utah judge has granted the release of most of the transcript and audio from a closed hearing in the high-profile case involving the fatal shooting of conservative activist Charlie Kirk. The hearing, held in October, addressed courtroom safety measures for the accused, Tyler Robinson, who is charged with aggravated murder and other serious offenses. Prosecutors allege Robinson fired a single fatal shot from a rooftop during a university event where Kirk was speaking, and they intend to seek the death penalty.Judge Tony Graf ruled that only about one page of the 80-page transcript would remain redacted, primarily for safety and security reasons. He also clarified that media organizations do not need special legal status to cover the proceedings, rejecting a request that would have guaranteed them advance notice of any future attempts to close hearings.Graf has already decided that Robinson can appear in civilian clothing but must remain physically restrained in court. However, media outlets are prohibited from photographing or filming his restraints, as defense attorneys argued such images could bias potential jurors. A hearing set for February will address whether cameras will be allowed in the courtroom at all.Kirk's death, which occurred during a campus debate, triggered widespread condemnation of political violence from across the ideological spectrum.Judge grants release of redacted transcript of Charlie Kirk case hearing | ReutersAs 2025 winds down, my Bloomberg column this week is a year-end piece reflecting not just on what was written, but on which ideas still resonate because the problems they address remain unresolved. The lasting relevance of several pieces underscores how little has shifted in tax and policy debates. A July column urging states to break free from federal tax volatility feels even more urgent now, as states still cling to unstable baselines. Early in the year, hopes that efficiency rhetoric (read: DOGE) might close the tax gap faded, with political discomfort around auditing the wealthy preventing any meaningful change. April's look at the step-up in basis revealed how death, not borrowing, remains the biggest capital gains loophole—and one Congress left untouched in the 2025 tax law. A May column on IRS immigration enforcement gains new resonance as the crackdown deepens, pushing some immigrant workers further from voluntary compliance. And October's piece on Pung v. Isabella County remains live, with the Supreme Court set to decide whether fairness in tax foreclosures means market value or simply what the government collects.Each of these columns anticipated weather patterns we're now standing in—proof less of foresight and more of inertia. If 2026 brings more engagement, even without clear solutions, there's hope that next year's retrospective won't feel like a reprint with new dates.Read the 5 Most Relevant Technically Speaking Columns of 2025 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
California's proposed Billionaire Tax Act would impose a one-time 5% wealth tax on residents worth over $1 billion, potentially raising $100 billion from about 200 people. Larry Page and Peter Thiel are reportedly making plans to leave. Tech founders are calling it an organized seizure. Governor Newsom opposes it. The vote is in November 2026, but the residency cutoff is January 1, 2026, which is why billionaires are moving now.https://wilwaldon.com
Gold just had its best year since 1979, and silver is up over 150%. But is this just the beginning of a historic supercycle? In this must-hear episode of On The Record, Christian Briggs, CEO of Hard Asset Management, joins NTD News to break down the massive, coordinated shift happening across global markets, and why gold, silver, platinum, and palladium are suddenly exploding in value.Christian pulls back the curtain on the forces driving this once-in-a-generation surge. Central banks around the world, from China to Russia and across the BRICS alliance, are dumping U.S. Treasuries and stockpiling gold at an unprecedented pace. Why? Because gold is becoming the new global backstop for currency credibility, and with BRICS preparing to launch a gold-backed digital currency, the stakes couldn't be higher.But silver isn't sitting on the sidelines either. With Elon Musk and global tech leaders warning about silver supply chain threats, and demand from data centers, EVs, solar panels, and microchips skyrocketing, the silver squeeze is real. Christian explains why the world needs over 1.5 billion ounces of silver annually, but mines are only producing a billion, and how that shortage could drive prices into uncharted territory.This episode also digs into the platinum and palladium boom as nuclear energy makes a comeback. President Trump's push to fast-track reactor approvals means critical minerals are about to become the backbone of 21st-century power grids, and Hard Asset Management is already seeing investor appetite shift toward these strategic metals.And here's the kicker: it's not just governments and institutions moving into metals, retail investors are piling in. According to Briggs, demand for physical gold, silver coins, and strategic metals is at a 40-year high. From inflation hedges to digital currency backlash, this is more than a trend, it's a movement.If you've been sitting on the sidelines, this is your wake-up call. Learn what's driving the metals boom, how to protect your wealth from a declining dollar, and why now, more than ever, hard assets are your best defense in a volatile world.
Dave Rubin of "The Rubin Report" shares the best stories, insights and moments from his sit down interviews of 2025 featuring: Tony Robbins, Peter Thiel, Dr. Phil McGraw, Stephen A. Smith, Jordan Peterson, Bill O'Reilly, Piers Morgan, Douglas Murray, Jason Calacanis, Cheryl Hines, Dr. Mehmet Oz, Scott Galloway, Rob Hersov, David Zucker, Ron DeSantis, Eric Trump, Sage Steele, Eric Weinstein, Bjørn Lomborg, Jillian Michaels, Liz Truss, Tony Abbott, Sen. John Kennedy, Frankie Valli and many more! Watch ALL the FULL INTERVIEWS HERE: https://www.youtube.com/playlist?list=PLEbhOtC9klbBR3q4AO9AdVjeC9r5RyZFP Check out the NEW RUBIN REPORT MERCH here: https://daverubin.store/ --------- Today's Sponsors: Tax Network USA - If you owe back taxes or have unfiled returns, don't let the government take advantage of you. Whether you owe a few thousand or a few million, they can help you. Call 1(800)-958-1000 for a private, free consultation or Go to: https://tnusa.com/dave Noble Gold Investments - Whether you're looking to roll over an old 401(k) into a Gold IRA or you want physical gold delivered right to your home Noble Gold makes the process simple. Download the free wealth protection kit and open a new qualified account and get a FREE 10-ounce Silver Flag Bar plus a Silver American Eagle Proof Coin. Go to http://DaveRubinGold.com Recharge - The Wellness Company has a way to stay focused, energized, and mentally resilient. This doctor-formulated nutraceutical is the first to combine methylene blue with Urolithin A, creating a unique formula designed to optimize mitochondrial function, improve energy, and elevate cognitive performance. Rubin Report viewers get 15% off plus FREE shipping at checkout when they use code: RUBIN. Go to: https://TWC.health/RUBIN and use CODE: RUBIN
After a campaign built on the promise that Trump was going to look out for his voters, he started his administration getting sidetracked by DOGE and Musk's phony ideas about saving money. After that petered out, he got distracted by his need to put his name all over the place. In the process, he's totally forgotten to help his people—or even fake trying to help them. Meanwhile, Trump is trapped in a Groundhog Day of his own making on Ukraine-Russia. Plus, his bruising has now moved to his left hand, Melania can't speak English, the DOJ is still working to find the 'real' people who made the rioters descend on the Capitol, the withholding of information in the Epstein case is worse than the redactions, and Dems need to forcefully call out the Medicaid fraud in Minnesota. Bill Kristol joins Tim Miller. show notes: Monday's "Morning Shots," including what Andrew learned from his extended family The 12 Days of Christmas, Bulwark style Addison's piece on America's two Christmases Bill's "Bulwark on Sunday" with Ryan Goodman Phrase Tim and Bill referenced: “Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” Our listeners get the Harry's Plus Trial Set for only $10 at https://www.Harrys.com/THEBULWARK #Harryspod
The Jan. 6 pipe bomber suspect contradicts MAGA's conspiracy. Trump wants more Epstein files released to “embarrass” Democrats. Trump is mocked over his latest belief about Putin. Pete Hegseth's boat strikes are backfiring massively. Zohran Mamdani slaps down Elon Musk over his latest appointee. Ro Khanna spars over billionaire taxes. Host: John Iadarola (@johniadarola) Co-Host: Jayar Jackson (@JayarJackson) ***** 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
THE TRIUMPH OF LANDING AND THE MYSTERY OF AMOS-6 Colleague Eric Berger. In December 2015, SpaceX achieved a historic milestone by landing a Falcon 9 booster at Cape Canaveral, a feat made possible by Air Force support despite fears that the sonic booms might damage nearby spy satellites. The rocket utilized autonomous avionics to execute the landing, which looked deceptively fast until the final seconds. However, this success was followed by the confusing explosion of the Amos-6 satellite on the pad in 2016. The incident occurred so quickly that Musk briefly entertained a "sniper theory" involving a competitor before the technical cause was found. NUMBER 5 NOVEMBER 1956
THE AUDACITY OF THE MARS COLONIZATION VISION Colleague Eric Berger. In September 2016, Elon Musk presented a vision in Guadalajara that sounded like science fiction: a plan to colonize Mars to prevent a potential extinction event. Despite a recent rocket explosion, Musk proposed a "grandiose architecture" involving massive reusable rockets designed to transport a million tons of supplies and thousands of people to build a self-sustaining civilization. While skeptics viewed the timeline as unrealistic, the plan relied on established physics and the production of methane fuel on Mars. Musk's ultimate goal for SpaceX remains clearly focused on making humanity multi-planetary. NUMBER 1 AUGUST 1953
THE STRUGGLE TO BUILD AND TRANSPORT THE FIRST FALCON 9 Colleague Eric Berger. Moving from the single-engine Falcon 1 to the nine-engine Falcon 9 involved a "long hot summer" of grueling 100-hour weeks for young engineers in Texas. The team faced immense challenges integrating complex plumbing and flight computers for the first time. Lacking a ship or large aircraft, SpaceX transported the massive rocket to Florida on a trailer, a "road trip from Hades" that resulted in the rocket crashing into a building during a tight turn. Despite dead crickets in the fuselage and storm damage to antennas, Musk pushed for a successful launch in 2010. NUMBER 2 JANUARY 1951
STARSHIP: THE FULLY REUSABLE ARCHITECTURE FOR MARS Colleague Eric Berger. At Boca Chica, Texas, SpaceX transformed a swamp into "Starbase," a modern rocket factory for the Starship and Super Heavy launch system. Starship represents the endgame of Musk's vision: a fully reusable rocket larger than the Saturn V, designed to be caught by "chopstick" arms on the launch tower to eliminate landing legs and speed up reuse. The plan involves orbital refueling and launching fleets of ships every two years to transport massive amounts of cargo, serving as a "Grand Central Station" for deep space colonization. NUMBER 8 1921 FRANCE
Patrick Bet-David, Tom Ellsworth, Vincent Oshana, and Adam Sosnick break down the massive Minnesota daycare fraud scandal exposed by Nick Shirley, Iran's warning of 'total war' with America, President Trump hosting Zelenskyy at Mar-a-Lago for Ukraine-Russia peace talks, and Elon Musk's clash with Zohran Mamdani over his LGBTQ FDNY hire.---✝️ FAITH OVER FEAR COLLECTION: https://bit.ly/3MIFOUu
Full episodes and much more available on Patreon.com/slopquest Comedian Ryan O’Neill and Illustrator Andrew DeWitt bring you the dumbest takes on news, movies and ridiculous business ideas every week on Slop Quest! This week Andy brings his HEMA long sword into the O’Neill Family Beans Studio. Ryan proposes that Andy will be the next “Star Wars Kid” as he practices long sword drills in the parking lot and on his roof. Then they imagine combining Andy’s sword skills with Ryan’s new judo skills for the perfect one-two combo. O’Neill then refuses to handle Andy’s sword because he’s worried that Andy takes the sword with him to the toilet. Then they do Dave Ramsey giving Elon Musk debt consolidation advice. Then they go on a tear doing Dave Ramsey giving advice to Only Fans models.
More year-end awards today! Today, Jim and Greg tackle the fourth installment of the 3 Three Martini Lunch Awards. Today, they offer up their selections for the Best Political Idea, Worst Political Idea, and Boldest Political Tactics for the year. They start with the best ideas of the year. Jim applauds those who are advancing the cutting edge technology that will rapidly change our world. Greg cheers on those fighting to eliminate the most unfair tax of all.Then it's time for the worst political ideas of the year. Jim quickly zeroes in on a big aspect of the Trump economic agenda that may well be hurting the president's own efforts to bring prices down. Greg chides Trump for picking a fight with closest neighbors at a time when the lefties there were about to implode. Now we get five more years of leftist insanity.Finally, they're on to the boldest political tactics for 2025. Jim praises Trump for waving off the naysayers and neutralizing on of the world's major looming threats. Greg gives Trump and Elon Musk credit for trying to shrink our government. Even though it did not achieve all of its goals, at least someone finally tried - something neither party has shown any interest in doing for decades.Don't miss Tuesday's special edition as Jim and Greg reveal their choices for Most Overreported Story, Most Underreported Story, and the Best Story of 2025.New episodes every weekday.
Independent journalist Sharyl Attkisson watched the 60 Minutes story about CECOT that CBS's new chief pulled hours before airtime and says Bari Weiss made the right call. What was missing in the story that raised so many alarms? A lot. Connecting the dots between Act Blue and the Somalian-run "daycares" in Minnesota. No wonder the left went after Tesla once Elon Musk started to expose what sure looks like democrat money laundering.
It's been another interesting year in the world of personal finance and macroeconomics. As we look ahead to 2026… well, who really knows what's coming? I'll be sharing my own take—and making a few predictions—in an upcoming episode. What's hard to ignore is just how unusual this moment in history is. We're coming off COVID. We went through a rapid rise in interest rates, and now a pullback. Tariffs are back in the conversation. There are a lot of moving parts, and as usual, the consensus hasn't exactly nailed it. Almost every expert was convinced tariffs would push inflation higher. I expected at least a temporary bump—some transient inflation while markets adjusted. Then the CPI report came out at 2.7%. That's a lot closer to the Fed's 2% target, and nearly half a percentage point lower than expectations. Clearly, something else is going on. At the same time, GDP came in at around 4.3% growth. That's real strength. Inflation is coming down, growth is strong, and while the labor market is still a little murky, there's no question there's underlying momentum in the system. Investors haven't quite felt it yet. It's been a sticky environment. But my sense is that we're getting closer to a shift—more liquidity, more money in the system, and markets that may start moving meaningfully again. Of course, we'll see how it all plays out. For this episode, my producer Phil pulled together some of the highlights from the show in 2025—a look back at the conversations and ideas that stood out in a year when the data kept surprising just about everyone. I hope you enjoy it. And again, happy holidays. Merry Christmas, and Happy New Year. 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 D Wealth Formula Podcast, coming to you from Montecito, California and, uh, want to wish you, first of all, a happy holidays. Merry Christmas, happy new Year, all that. And, uh, yeah, it’s been, uh, it’s been another, uh, another interesting year in the world of personal finance and macroeconomics is what, what we talk about on the show. And as we look forward to 2026, gosh, who knows what’s gonna happen, right? Uh, well I’ll give you my take in, uh, show coming up where I’m gonna make some predictions. However, you know, it’s just, it, it, it’s just such an unusual time in, in history. Um, as we kind of look at. Coming off of COVID and having those high interest rates and then coming, uh, coming down and then having Trump elected and now the tariffs and well, gosh, who knows? Right? I mean, just for example, you know, almost every expert was pretty much guaranteeing that inflation would go up because of the tariffs. I mean, even if it was transient, which frankly I thought it was gonna be transient, meaning that there was gonna be a bump in inflation. For a period of time until there was a readjustment after tariffs. Well, TPI comes up most recent CPI is actually 2.7. You know, that’s much closer to the fed target of 2%. And, um, 2.7 was, you know, I think, uh, almost a half, half percentage point less than the expected, uh, CPI, uh, report. So that, that’s obviously something else is going on there. And then. GDP numbers came out and we had a four handle. It was like 4.3, I believe, GDP. So we’ve got incredible growth. We’ve got decreasing inflation. The labor market is still, I know, a little unclear, but it seems like there’s a lot of strength in this market. Of course, it’s really sticky investors. We haven’t quite felt that strength yet, but I do think you need to start anticipating. That markets are gonna come back pretty heavy, uh, with increased liquidity, uh, and a lot of money in the system. But we shall see, uh, this show. What we’re gonna do here is, uh, my, uh, producer Phil put this together, but it’s basically some of the highlights of, uh, the show in, in 2025. So hopefully you enjoy it. Uh, and again, happy holidays. Merry Christmas, new Year. And we’ll be back 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’ve 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 back. Turbocharge your investments. Visit wealth formula banking.com. Again, that’s wealth formula banking.com. How do you approach the process of identifying stocks that are maybe best suited for consis consistent cash flow? Or do you just pick the stocks that you like and, and create the cash flow? Or are, you know, fundamental metrics that maybe you prioritize? Yeah, the, the, the first thing to determine. I think real estate investors understand this is if I were to invest in real estate, I’m gonna determine whether I’m gonna be a flipper, or I’m gonna try and buy low forced depreciation, sell high. Or if I’m gonna be a cashflow investor where I might invest in syndication, or I am, I’m gonna have tenants in property management. And the same is true with stocks. Most people start off by thinking about price rather than cash flow. They think about buy low, sell high, like a house slipper, and that’s, that’s less tenable in stocks because in real estate, if I buy low and sell high, I can do things to force appreciation. I can renovate, I can get new management, I can put in new appliances. I, there’s things I can do to force appreciation. But once a person buys a stock, there’s absolutely nothing you can do to make the stock price go up. But if you take a a, if you think of it like a real estate investor. You think about it like owning a business where the priority, as you mentioned these metrics, the priority is, Hey, what kind of cashflow will this produce be in terms of dividends and in my case, option premiums. And so some of the key metrics is, you know, if I, I’m basically buying a financial statement, same as real estate. You know, I, I, I, it is just a little different numbers in real estate. I wanna know what the net operating income is. In stocks, I might wanna know what the EBITDA is ’cause they’re essentially looking at the same types of things in real estate. I wanna know what the cap rate is in stocks. I wanna know what the PE ratio is, which is just the same number inverted. They just put the price on the top instead of the bottom. To me, I don’t see a difference between real estate and stocks, uh, in that they’re both a business or they charge someone for a good or a service. And there’s either cashflow there at the end of it or not. If people take a cash flow approach, they can begin to build on their passive income. And that contributes to that blueprint we mentioned earlier to get ’em outta the route race. So if you take a Warren Buffet approach, the most important number in that business is operational cash flow or earnings. Meaning does what they do, their operation. You know, you walk in there, a nice operation you got going here, you know, trucks are moving and you know, products are being built and shipped and, and nice operation. If they’re earning money, that means that’s the life flood of the business. That means it’s got a good moat. That means it’s pretty protected and that allows them to do two things for me. Number one is a dividend, which is exactly the same thing as a distribution in real estate. Uh, there is no difference, uh, in a syndication. I have a whole bunch of investors I’ve joined with where you have a share of this project and when the earnings come out, they distribute the, the distributions among the share shareholders. Same is true with stocks. They take the earnings, uh, we call it a payout ratio, and they take a, a, a significant amount of that money and they pay it in a dividend, same as a distribution. But what I do that’s a little bit unique buck is, uh, is I also have the options market on my side. Where I can use options to control risk, uh, to get guarantees where I can buy and sell, but even more importantly, I can offer, uh, and get paid for making promises to people. This is very much a Warren Buffet deal where it, it brings a significant increase to my monthly cash flow beyond the dividend, up to three, two and three times. Uh, the amount of money, two to 300% more cash flow. By being involved in the options market and that’s, that’s a nice secret sauce. The yield max Tesla option income, ETF, which is TSLY. And basically what it does is. Is it just does a series of longs and shorts and, and then generates what looks like to be kind of a, a ridiculous amount of, uh, dividend, uh, per, per month. So what are we missing here? What, what’s, well, you’re, you’re basically hiring those guys to mow your grass. It’s just like any other mutual fund or any other. They’re doing something you could absolutely do by yourself and not pay them a fee. There’s two cultures. There’s the advice culture and there’s the education culture and the advice culture. People say, look, I don’t wanna learn anything. Just gimme the advice. Well, you’ll pay for that in fees. And the problem with doing that is if you really listen to Warren Buffett, which 1% is enormous. Because in the wealth blueprint that we do for people, we use compounding. We use the compounding calculator to see what we’re gonna need. You drop that 1%, you give up 1% of your compounding powers as an investor over your life, it, it wouldn’t seem like 1%, but Buffet knows the truth. It’s enormous. So yeah, absolutely there are ETFs and there are funds that will do exactly what I do or what I teach people to do, but we have some advantages in doing it yourself because risk is about control. I trust myself more than I trust those guys any day of the week. And like I say, I’m doing this by month, so yeah. But it’s legit. How do you even make predictions? And second of all, I mean presumably you still have some forecasts over the next, uh, 12 to 24 months, and maybe you could tell us a little bit about that. Our methodology lends itself to times of uncertainty like this, and that’s the benefit of really relying on the leading indicators that we have. Now. We do have to take a little bit of a different approach. We have to look at data in a lot higher frequency today. You know, a lot of the data you get from government sources or quarterly data, monthly data, but we’re having to track weekly trends with the ever-changing environment that we find ourselves in. So we’re not surprised by the time any monthly or quarterly data comes out. The level of uncertainty that we’re dealing with is certainly unprecedented. I share an index each day, um, and we are three times more uncertain today than we were at the height of the pandemic. You know, put that in perspective, right? Yeah. So we do have to adjust, um. The, the way that we’re looking at data with higher frequencies, we also have to rerun a lot of these correlation analysis. Every single time we get a new data point to see are these lead times becoming more condensed? Do we have to make adjustments in our models as a result to maybe data reacting quicker than it might have in the past? So those are some of the ways that we’re, we’re continuing to evolve in these interesting times we live in. This relates to our forecast. Our team expected some weakness in the first part of this year, and, and we knew that coming in with the, with the tariffs that were proposed during President Trump’s campaign, we did have a weak first quarter GDP number forecast. Our team was 0.1% off of nailing that first quarter GDP number, so they were right on the money there. Uh, we were very impressed with that, but we do expect a sluggish first half of the year. We call it the recovery phase of the cycle. What we mean by that is our growth rates are still building momentum, but are still negative year over year. You know, ITR. Really known for its emphasis on leading indicators. So which of the leading indicators you guys rely on the most when and, and I guess which are flashing red or green right now? I’ll give you one of each. Uh, yeah. The one we’re in right now, we look at the purchasing managers, index isms, purchasing managers index. Now we look at at on a one 12 basis. What I mean by that is we compare the most recent month, the same month one year ago. The reason we look at it on that basis is it gives us 12 month lead time into the future when you correlate it to the economy. That index was recently rising until we got the most recent month of data, and then it dropped back down. So that is giving us the mixed signal of, hey, we need to be a little bit more concerned about the prospect for growth moving forward. Now the opposite is true when we look at an indicator called capacity utilization. What Capacity utilization measures, it’s about an eight month lead time to the economy. So still a nice view into the future, but what it measures is output over capacity, and that actually continues to improve meaning. And again, really all that means on a simple level is we’re utilizing more of our existing capacity, so we’re getting busier. If we look at the consumer side of inflation that the Fed’s more concerned about in terms of setting policy, we have inflation essentially flat this year from where we are today. Now, if you look at the CPI, it’s at 2.8%. Our projection for the end of the year is 2.8%. We don’t see inflation coming down much at all. As a result of that, that’s why you’re seeing Chairman Powell back off being able to cut rates and is holding these rates steady because he sees these higher inflation risks as well. And so from our perspective, it’s very unlikely you see any meaningful interest rate decline this year. Yeah. Now again, the second quarter, GDP number can have an impact on that. We do see a very weak second quarter chairman Powell alluded just a couple of days ago to some slack in the labor market. Maybe you can get a quarter point if we have a really weak second quarter, quarter point cut, but it just seems very unlikely given how persistent inflation has been. And so we tell all of our clients, prepare for interest rates to be relatively flat this year, and prepare for interest rates to rise through the balance of the second half of the decade. It’s not just tariffs, it’s employment costs, it’s electricity costs, it’s material costs. There’s a lot more driving higher inflation than just tariffs. What macroeconomic trends are you watching right now with regards to how they’re shaping the markets today? I think there’s really three things right over the long run. They’re gonna debase the currency, that’s gonna be a persistent tailwind for all liquid, uh, assets, including stocks. Bitcoin gold and bonds. And then I think that you also are going to have a, uh, very interesting dynamic around all these tariffs, uh, and kind of the administration’s economic policies. And then the third thing is that there is a whole technology, uh, trend to, uh, pay attention to. Uh, obviously innovation is very deflationary. Uh, we’ve got, you know, things from humanoid robots to rockets to gene editing, to uh, to crypto and everything in between. And so I think those three things really tell the story of where, uh, markets potentially go in the future. When I grew up, um. S and P 500 was the benchmark. There’s a risk-free rate in bonds. I believe that my generation and younger sees Bitcoin as the benchmark. And so, uh, it’s very simple. If you can’t beat it, you gotta buy it. And I think that there’s institutions around the country who are realizing they can’t beat the benchmark and therefore they will end up buying it. And really, to me, that is, uh, maybe the most interesting. Part of the entire conversation is that Bitcoin obviously has risen significantly on a percentage basis in appreciation. Bitcoin has kind of infiltrated every corner of finance, but most importantly is it has transitioned from a high risk, you know, kind of asymmetric type asset to now it’s becoming the hurdle rate uhhuh. And if you’re the hurdle rate, you suck up a lot of capital. Yeah. Because there’s not a lot of people who can beat you. And I think that that is a very powerful position for Bitcoin to be in. And that’s how you infiltrate into, uh, the institutional portfolios. Bitcoin will stop going up. When they stop printing money. I don’t think they’re gonna stop printing money, so I don’t think Bitcoin’s gonna stop going up. That’s kind of one huge component of this. The second thing is that Bitcoin is very unique in that the higher the price goes, the less risky it is deemed by the largest pools of capital. Mm-hmm. And so usually, you know, if NVIDIA’s at a $4 trillion market cap, people like, oh, it might be overvalued there. A lot of debate. Right. Bitcoin if it was at a $4 trillion market cap would be way less risky than it when’s at 2 trillion. And so there is a lot of structural advantages, both from the legacy world but also from the Bitcoin market that I think will continue to lead to these large institutional capital pools. Uh, allocating some percentage. And the beauty is right now we have very small adoption in that world. Uh, it’s only gonna get bigger. It’s only gonna get more normalized. And I think that one of the parts people really underestimate when it comes to Bitcoin is how important time passing is. You know, if you think back, uh, there is not anyone under the age of 16 that has lived their life without Bitcoin existing. If you’re keeping large chunks of money in savings account, paying less than 1% or any percent less than inflation, you’re bleeding wealth every single day. It feels safe. It looks safe, right? ’cause the numbers may not be moving nominally but it, but it’s not safe. It’s a bucket with a hole in the bottom and you don’t even notice until it’s almost empty. That’s why the wealthy don’t hoard cash. They own assets. They own assets that inflate with inflation. If you can’t beat ’em, join them. They buy things that grow in value as dollars shrink because they understand the system. They don’t fight it, they ride it. So you’ve said many times that the current monetary system is broken and headed for reckoning. So from your perspective, what are the core flaws in the system right now and how do we get here? Well, probably the largest and most obvious underlying flaw in the monetary system is the fact that the federal government just can’t balance its budget. And so they have to take on debt to cover the deficit that they run and that deficit. Well, you know, over the course of the last 20 years, it’s gone up and down. More recently, it’s gone mostly up and, uh. We just came through a period where, you know, it was reemphasized to everybody. Just what a problem this is. Because as you’ll recall, when Trump was first elected, they were talking about those, the Department of Government Efficiency and cutting expenses and you know, maybe 2 trillion or 1 trillion. Of course, then Elon got frustrated and left and the numbers have come down and you know, Trump and the Freedom Caucus was saying they were gonna try and balance the budget or at least cut expenses. And of course, what we know is that they just passed this big beautiful bill. Which really increases the deficits and they bump the debt, uh, ceiling up by another $5 trillion. So sadly, what do many of us have seen and been saying, which is to say they just can’t stop, kind of continue. Seems to be continuing. And, um, you know, the reason why that, just to close the full circle, the reason why that matters is they, they do this debt, they issue debt to cover these deficits, and then the debt requires interest payments and, you know, there’s not enough money to make the interest payments. And so. They more or less have to print the money, you know, and inflate the money supply to keep the system going. And that’s why it’s so important to hard assets. You know, we need to grow the economy at, you know, 4, 5, 6, 7% a year, which, which we’ve never really done on real terms. Well, I think that is kind of what they’re projecting it might be, but it, it’s gonna be harder than hell to achieve. I mean, it just, where you can’t just snap your fingers and create that growth. Now, don’t get me wrong, if you start to, if you ramp up inflation. If you have 10% inflation, well then the GDP number’s gonna get bigger, fast. And so really the model they’ve used, they call it the R Star model, is that they’ve got to have faster growth. Growth rate has to be higher than interest rates, or else you’re in a debt spiral. And so what’s been happening is, by the way, that’s why Trump wants to take interest rates down so much. You know, he is called for a 300 basis point cut. Imagine right now with inflation running at three plus percent, if they cut rates to one point a half percent or one point a quarter percent, I mean, it would be good for the economy. People would refi their houses. You know, there were all kinds of, you know, growth, right? Huge. But in turn it would be inflationary, very inflationary. That’s the trap. They’re really kind of caught in. It’s a seventies kind of stagflation sort of environment. You know, if they don’t keep rates low, they’re not gonna have any growth. If they want to get growth, they’ve gotta keep rates low. That’s gonna lead to monetary creation, which is gonna lead to inflation. Look how it all resolves is very complicated and none of us know. Yeah, sure. But what I do know with very high certainty, with a lot of confidence is this is going to be an inflationary decade. It’s already been an inflationary decade, and because of the way the math is today is very highly likely to continue to be an inflationary decade until we fix this monetary system. Well, we have less than 3% adoption. Three goes to six fairly easily. You know, human beings underestimate how long change really requires, and then we really underestimate how much change actually occurs. Think the internet like we are moving into a digital planet, right? Robots are not going to use credit cards, man. They’re not gonna use, they don’t need visa. We don’t need middlemen. The cool thing about Bitcoin, unlike the Rolls Royce, is you don’t have to buy the whole Rolls Royce. You can buy a fraction of it. You know, you don’t, maybe you guys partner with each other to do apartment buildings. Well, you’re already doing fractured deals on apartment buildings, so Sure. It’s not really that different. 2%, 3% goes to six. I mean, it does go to six. You have the largest ETF in the history of ETFs, okay? This supersedes the goal. ETF by orders of magnitude. I study markets very, very well, price. Really gets people’s attention. I think price is, uh, 90% of Bitcoin. Like I am truly a supply and demand guy. Oh wow. 21 million. And you guys have lost four. You lost 4 million coins. Oh, how’d you lose the 4 million? You lost the 4 million. I know how you lost it. You mispriced it. Bitcoin has been mispriced every day. Its entire history. Dude. 19 million coins have been issued. The addressable market is 8 billion people. You don’t need ’em all. Yep. You just need a small function of those 8 billion to go, Ooh. 21 million units and and four have been lost. It’s already mispriced. Okay. They’re pricing Bitcoin at one 15 Today, assuming there’s 21 million units, we know there’s not. There’s 17, so the supply shrunk. The market caps at 2 trillion. Hello. The standard deduction for a household is now, uh, what in a low 32,000 range. And it turns out that 60% of the households in the United States cannot take advantage of itemized deductions. That is when they take their mortgage interest, property taxes, charitable deductions, they don’t get that number. And so there’s not as much benefit to home ownership as there used to be in the United States. With our big institutional players, nobody wants their appraised values to be quickly marked down to market, because if your competitors don’t do the same thing and they’re part of the index and benchmark that you compete against, you’re going to underperform. And so we’ve traditionally had a lot. Appraised values for real estate among the institutional players, especially. You don’t get this out of the private market, but you get this from the nare players, the institutional type players, and, um, and everybody’s, uh, uh, fearful of underperforming that index. I would prefer as a private investor just to go ahead, bite the bullet and mark it down. Now take the pain if in fact you’ve seen it go down. Some markets have seen property values go down 30, 35% even in multifamily, but they’ve bottomed out in the transaction market and, and absolutely the, uh, the appraisers are gonna have to bring it down and the owners are gonna have to ease up that pressure and say, yes, I want a realistic appraisal. But, um, but there is that fear of underperforming the index and that’s. What’s holding up the American appraisal firms in 2008, 9, 10, 11, we saw a lot of deep distress. The the smart money was ready for it. Now, there’s a lot of people with dry powder, as we say. Ready to p on the market hoping for some distress from those who cannot refinance now, whose, whose CMBS loan or other money is, is rolling. A couple points there. One is, I think you’re going to see more loan modifications this cycle than last time because they realize it’s temporary and they realize that not all properties are in trouble. And these tend to be the higher leverage properties. The smart private wealth investors tended to use conservative leverage over the last several years knowing we’d hit a cycle and, and they probably are 65% or less. Leverage some of the, um, greener newer investment managers might have gone up to 80% and might have even used variable rate debt when they shouldn’t have. They’re the ones getting nailed. They’re losing all their equity and that property is distressed. So there’s not that much of it out there. But there’s a little bit, and I would certainly pounce on it if you can find it. There are often a lot of sort of hidden costs associated with buying versus renting. Can you talk about trying to weed through some of that? Sure some of the highest costs that we don’t think about when we own, although we do take cut down on risk. And also I think that’s come back to consumption. I, I is the fact that there’s the opportunity cost. So think about having 50%, a hundred percent of your home paid for. This, it’s the opportunity cost. You’ve actually taken capital out of play at higher returns to put it into something that perhaps, yes, you see it as a form of an investment, but it’s also partly consumption. And I think that’s why many people end up paying for their homes when they can, because there’s an old saying, and that is, you can’t go broke if you don’t owe money on it. Right? So if you, it’s hard for the lender to come get your home and you don’t really care, right? You wanna be able to. Have no debt on your home. It doesn’t make the typical financial sense if we argue at it from leverage and returns and maximization of returns. I think most people this high end level are looking at, you know, I, I, I, I have high net worth. I’m looking at both consumption and the investment side of the component. But very often the consumption wins and the investment is I can be safe and I can own this house. Outright in many states too. Your homeowner, the home that you live in, you are actually, if you’ve homesteaded the home, you’re actually protected against lawsuits and other things that are out there. Divorce cases will protect your position in, in terms of a homestead, so you can protect a significant portion of wealth by having a paid for home. What are some of those markets that are really overpriced versus. I guess underpriced right now. So when we look at the top 10 most overpriced markets in America right now, we look at their prices, where they are and compare them to where they should be statistically modeling them. We’re seeing the most overpriced markets are Detroit at 33.5% and then falling, falling, descending. Order of Cleveland, Ohio. New Haven, Connecticut, Akron, Ohio, Worcester, Massachusetts, Las Vegas, Nevada, Hartford, Connecticut. Rochester, New York, Knoxville, Tennessee, Toledo, Ohio. You’ll notice. And these are overpriced. These are overpriced. These, the overpriced mark. That’s so, that’s sort of counterintuitive, isn’t it? Ab absolutely. But yes. Wow. Okay. And then h how about the, uh, underpriced markets? I’m curious on that too. Sure. So when we then go to the opposite end of the spectrum, and usually now with underpriced comes risk and there’s risk in both of these markets, what you wanna do, both overpriced and underpriced, what you wanna be long term in a housing market. Uh, ’cause you want to be really close to that trend and not have these dramatic swings. It’s just like stock price. We don’t like volatility. Housing, it’s, it’s dangerous for performance. The most underpriced markets. We only have four markets in America right now that are trading at a discount relative to their long-term pricing trend. In other words, statistically, where they historically prices say prices should be today only four cities are underperforming. That that’s Austin, Texas at 3.1% below where they should be, or a discount of 3.1%. San Francisco at a discount of 6.5%. Wow. New Orleans, Louisiana at a discount of 8.7 and Honolulu, Hawaii at a discount of 10.3. Notice I’m not saying these markets are inexpensive. They’re just below where they’ve historically been. These are the best buys right now because they’re below their long-term trend. One of our other indices, we call it our price to rent ratio. It’s really a PE ratio for rents versus home ownership. And then so we can look at that. So if you’re in our a hundred markets, we know the average price, right? So it’s gonna be priced, divided by the annual average rent. So it’s gonna be how many dollars in price do you pay for every $1 and annual rent? And that gives us the relative difference between owning and renting. The higher that ratio. The, the more you should on in general be leaning towards renting, the lower that ratio, the more you should be leaning towards owning. And we used to do an old buy versus rent index for 23 cities. We now do it for 100 cities. And this price to rent ratio produces almost the same exact answer. So when we look at the average price to rent ratio in an area and we just compare, are they above or currently are you above the price to rent ratio? Uh, for Los Angeles, California. Are you below it? If you’re above that average for say the last 10 years, you’re gonna be rent friendly. If you’re below it, you’re gonna be bio friendly. I can do this very quickly. Pick a California market you’d like to know about. Why don’t we try Dallas, Texas. Okay. Dallas, Texas. That one’s in the top 100 in terms of population. So Dallas, Texas, uh, their price to rent ratio is at about a, just below a 6% premium. In other words, that trade off between renting and owning is about 6% above where it should be, so it slightly favors renting. I’ll jump to the next index. If we look at actual prices in Dallas, there’s a slight premium. So it’s, it’s, it’s telling me, Hey, that my price to rent ratio’s high, slightly favoring ownership, but it’s probably because prices are a little high and they might change. Uh, Dallas has had a bit of a. Premium right now. So I will now go look at Dallas rents. My gut feeling is they’re gonna be below average and they are. They’re at about a 4.5% discount. So that’s just market dynamics in motion right there. And we can do that for a hundred cities pretty quickly. Mm-hmm. 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. Good news. If you need to catch up on retirement, check out a program. M put off 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 concepts 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 wealth formula banking.com. Welcome back to the show everyone. Hope you enjoyed it and uh, once again. Thanks again for listening. Uh, I truly appreciate your support. I hope, uh, I hope it’s been entertaining for you and that you’ll learn something along the way and, um, you know, always appreciate your feedback. Shoot me an email, bucket wealth formula.com. Let me know if there’s things that you want me to do. Let me know if there’s things you wanna hear more about. Uh, but hopefully it’s gonna be a good year and we’re gonna keep plugging away talking about the, you know, try to get educated myself and pass along information to you on Wealth Formula Podcast. That’s it for me this week on Wealth Formula Podcast. This is Buck Joffrey. If you wanna learn more, you can now get free access to our in-depth personal finance course featuring industry leaders like Tom Wheel Wright and Ken McElroy. Visit well formula roadmap.com.
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