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The Constitution Study with Host Paul Engel – Like the Nuns in New York who are suing the state for requiring them to provide abortion in their employee healthcare. Or the case where the United States sued the State of Tennessee for banning sexual identity procedures on minors. Or the right of the States of Oklahoma and Utah to have their case against the EPA heard in their Circuit Court rather than...
Seguramente has oído hablar del omega 3. Está en pescados, en semillas, en suplementos... pero, ¿realmente sabes qué es, para qué sirve y si lo necesitas? Hoy vamos a poner un poco de orden en todo este tema para que sepas si estás tomando suficiente, si tiene sentido suplementar y qué beneficios reales puedes esperar.
On this week's AgweekTV: See the ranch life of South Dakota's governor. Farmers assess storm damage in North Dakota. Catch up on Minnesota's strawberry season. Learn about an EPA tour in ND and wheat cleaning in SD.
On June 18, 2025, the Supreme Court released its decisions for two circuit splits arising under the Clean Air Act (CAA) provision regarding judicial venue: EPA v. Calumet Shreveport Refining, L.L.C. (23-1229), and Oklahoma v. EPA (23-1067). Decided 7-2 and 8-0, respectively, the outcome of these cases hinged on the Court's interpretation of the CAA's […]
This week, I was pleased to welcome back to the studio Jim Aidala, Senior Government Affairs Consultant at B&C and its consulting affiliate, The Acta Group (Acta®), to discuss the first six months of the Trump Administration. We have all been trying to take in and process the many Executive Orders, Presidential Directives, and other developments of all sorts coming out of the White House at a head-spinning pace, and assess their impacts on the industrial and agricultural chemical community and federal workforce. Jim is a keen observer of Presidential and executive level administrative action, having served as the Assistant Administrator of Toxics at The U.S. Environmental Protection Agency (EPA) and in other senior EPA leadership positions. We discuss Presidential actions, their impact on the EPA workforce, EPA actions to date, and a bit about the Make America Healthy Again (MAHA) Report's “Make Our Children Healthy Again” Assessment and its impact on the pesticide community. ALL MATERIALS IN THIS PODCAST ARE PROVIDED SOLELY FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES. THE MATERIALS ARE NOT INTENDED TO CONSTITUTE LEGAL ADVICE OR THE PROVISION OF LEGAL SERVICES. ALL LEGAL QUESTIONS SHOULD BE ANSWERED DIRECTLY BY A LICENSED ATTORNEY PRACTICING IN THE APPLICABLE AREA OF LAW. ©2025 Bergeson & Campbell, P.C. All Rights Reserved
On June 18, 2025, the Supreme Court released its decisions for two circuit splits arising under the Clean Air Act (CAA) provision regarding judicial venue: EPA v. Calumet Shreveport Refining, L.L.C. (23-1229), and Oklahoma v. EPA (23-1067). Decided 7-2 and 8-0, respectively, the outcome of these cases hinged on the Court’s interpretation of the CAA’s unique venue provision, 42 U.S.C. § 7607(b)(1). The CAA states that challenges to “nationally applicable” actions may be filed only in the D.C. Circuit. 42 U.S.C. § 7607(b)(1). Conversely, challenges to CAA actions that are “locally or regionally applicable” may generally be filed only in the appropriate circuit court for the region. Id. But there is an exception: actions that are “based on a determination of nationwide scope or effect” must be filed in the D.C. Circuit “if in taking such action the Administrator finds and publishes that such action is based on such a determination.” Id.In Calumet, the Court ruled 7-2 that the “EPA’s denials of small refinery exemption petitions are locally or regionally applicable actions that fall within the “nationwide scope or effect” exception, requiring venue in the D.C. Circuit.” Similarly, in Oklahoma, the Court ruled 8-0 that “EPA’s disapprovals of the Oklahoma and Utah state implementation plans are locally or regionally applicable actions reviewable in a regional court of appeals.” Tune in as Jimmy Conde and Garrett Kral offer a breakdown of these decisions.Featuring:James Conde, Partner, Boyden Gray PLLCModerator: Garrett Kral, Administrative and Environmental Law Attorney--To register, click the link above.
The U.S. Supreme Court has ruled in favor of Oklahoma and Utahn in a case against the EPA about clean air obligations. Utah Attorney General Derek Brown joins Greg and Holly to explain the case and why this is a major victory for the state.
Tuairisc foilsithe ag an EPA inniu faoin méid móna atá á baint go mídhleathach.
On the next Dr. Osborne's Zone, we're discussing brain fog, its symptoms, triggers, and potential causes such as inflammation, gut dysbiosis, chemical exposure, medication, and food sensitivities like non-celiac gluten sensitivity. We'll also explore the impact of nutrients like vitamin C, choline, iron, DHA, EPA, and magnesium on cognitive function. I'll also dive into the importance of addressing deficiencies and avoiding certain medications to improve brain health and clarity.You can find the images from today's episode "Hidden Causes of Brain Fog" here: https://www.glutenfreesociety.org/images-from-can-gluten-cause-brain-fog/Want to know more? Check out this article: Looking for Truly Gluten Free Supplements? Check out Dr. Osborne's picks from this episode:Detox C - https://glutenfreesociety.org/DetoxCPowderOmega Max - https://glutenfreesociety.org/OmegaMaxUltra Mg (Magnesium) - http://glutenfreesociety.org/UltraMgCoQ10 - http://glutenfreesociety.org/CoQ10MaxGluten Sensitive? Take the quiz & Join Our Community ▶https://www.glutenfreesociety.org/gluten-sensitivity-intolerance-self-test/Get my quick start guide on going gluten free: https://www.glutenfreesociety.org/how-to-go-gluten-free/Nutritional Crash Courses Playlist: https://www.glutenfreesociety.org/nutritionGet Gluten Free Supplements: https://www.glutenfreesociety.org/shop-home/No Grain No Pain the Book: https://www.glutenfreesociety.org/NoGrainNoPainGlutenology Masterclass (Ultimate Guide): https://glutenology.net/registrationTo connect with Dr. Osborne visit:On the web: https://drpeterosborne.com/Facebook: https://www.facebook.com/DoctorPeterOsborne/Pinterest: https://www.pinterest.com/docosborne/Instagram: https://www.instagram.com/drosborneTwitter: https://twitter.com/glutenologyRumble: https://rumble.com/c/c-3908832Podcast:Apple Podcasts: https://podcasts.apple.com/us/podcast/dr-osbornes-zone/id1706389688?uo=4Spotify: https://open.spotify.com/show/4Zdf07GgpRAVwlSsYvirXTAmazon Music/Audible: https://music.amazon.com/podcasts/20d71b2e-3554-4569-9d5b-4259785cdc94Google Podcasts: https://www.google.com/podcasts?feed=aHR0cHM6Ly93d3cuc3ByZWFrZXIuY29tL3Nob3cvNTkwNjcwNC9lcGlzb2Rlcy9mZWVkiHeart Radio: https://iheart.com/podcast/119388846*These statements have not been evaluated by the Food and Drug Administration. This video is not intended to diagnose, treat, cure or prevent any disease. It is strictly intended for educational purposes only. Additionally, this information is not intended to replace the advice of your physician. Dr. Peter Osborne is one of the most sought after alternative and nutritional experts in the world. A Diplomate with the American Clinical Board of Nutrition, a graduate of Texas Chiropractic College, and a doctor of pastoral science, Dr. Osborne is one of the world's leading authorities on gluten, nutrition, and natural health. He is the founder GlutenFreeSociety.org, one of the world's largest informational sites on gluten sensitivity. In addition, he is the author of the best selling book, No Grain No Pain, published by Touchstone (Simon & Schuster). His work has been featured by PBS, Netflix, Amazon, Fox, and many other nationally recognized outlets. For more information, visit us at https://www.glutenfreesociety.org/ or call 281-903-7527
For anyone who's been hoping for a surprise to boost markets recently, good news came from an unexpected place earlier this month. After months and months of delay, and multiple anonymous sources suggesting that biofuel levels were set to disappoint the industry, the actual numbers announced by EPA stunned watchers with a proposed 2 billion gallon jump up in the biomass based diesel requirements. And that was just the start of the upside news on renewable fuels.To help us follow the twists and turns of the latest updates, DTN Staff reporter Todd Neeley joins us today with analysis on the EPA's proposal, as well as news from the courts, state policy, and beyond. We'll dig into the RFS ethanol levels as set in the proposal, as well as what still might be ahead this summer for E15, especially with recent positive changes coming out of California. We'll also get an update on the state of the RINs market and a legal step forward for small refinery waivers. We'll also venture beyond the fuels space to hear news about the Make America Healthy Again, or MAHA, report, and get a breakdown on how ag has and hasn't been included, and what the next steps may be. Finally, we'll hear more on some emerging lawsuits around discrimination, glyphosate liability.
Several years ago, Jon Long talked with us about his EPA case for selling truck parts. The case has been resolved and he updates us on what happened to start it, how it progressed, and ultimately, what the resolution entails. Learn more about your ad choices. Visit megaphone.fm/adchoices
Hill Republicans are eager to get their reconciliation mega bill to President Donald Trump's desk by July 4th. But the Senate parliamentarian has deemed large sections of the Energy and Natural Resources Committee's portion of the bill in violation of reconciliation budget rules. POLITICO's James Bikales digs into the measures deemed prohibited, what comes next and what this setback means for the GOP's “energy dominance” plans. Plus, an EPA staff union has filed a Hatch Act complaint claiming that Administrator Lee Zeldin's weekly newsletter may be unlawful partisan activity. James Bikales is a reporter for POLITICO. Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO. Kara Tabor is an audio producer for POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. Learn more about your ad choices. Visit megaphone.fm/adchoices
* Does crime really go up during the summer and when it's hot out? * The EPA is planning to re-consider a ban on asbestos. What do we know about how asbestos affects us?
Mosquitoes are the deadliest animal on the planet, and some of them may be on the rise. At least in listener Abigail Krich-Starr's area, that's due to warmer, wetter weather — which, yes, is linked to climate change. But it doesn't stop there: Ecologists and entomologists say increased heat could also alter mosquito behavior, shift their natural habitat, and even change how pathogens incubate and spread inside their bodies.So how do you protect yourself against the (mosquito) masses? Our experts suggested several things:- Assess your risk by checking local mosquito surveillance efforts, like this one for the state of Massachusetts- Consider rescheduling outdoor events happening between dusk and dawn, which is peak biting time for multiple mosquito species- Wear long-sleeved shirts and pants, weather-permitting, to limit exposed skin- Use an EPA-approved DEET repellent, and/or a permethrin spray for clothing and outdoor gearThis episode is part of Nature Quest, a monthly Short Wave segment that answers listener questions about the local environment.Got a question about changes in your local environment? Send a voice memo to shortwave@npr.org with your name, where you live and your question. We might make it into our next Nature Quest episode! Listen to every episode of Short Wave sponsor-free and support our work at NPR by signing up for Short Wave+ at plus.npr.org/shortwave.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy
6.18.2025 #RolandMartinUnfiltered: Judge Blocks $600M EPA Cut, Hegseth Dodges, Galveston Vote Fight, NH Racist Email & FAMU/TSU News A federal judge ruled that the EPA's decision to cut $600 million in environmental justice grants was unlawful. Pete Hegseth dodges tough questions on Capitol Hill about deploying military force against Americans. In Texas, a redistricting battle in Galveston could wipe out Black voting power. Simone Leeper from the Campaign Legal Center joins us with the latest legal fight to stop it. Plus, a New Hampshire lawmaker sends an openly racist email blaming African Americans, NOT guns, for violence in America. Florida's Board of Governors confirmed controversial Marva Johnson as Florida Agricultural and Mechanical University's 13th President. And Tennessee State University secures millions in state funding after years of financial neglect. #BlackStarNetwork partner: Fanbasehttps://www.startengine.com/offering/fanbase This Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. You should read the Offering Circular (https://bit.ly/3VDPKjD) and Risks (https://bit.ly/3ZQzHl0) related to this offering before investing. Download the Black Star Network app at http://www.blackstarnetwork.com! We're on iOS, AppleTV, Android, AndroidTV, Roku, FireTV, XBox and SamsungTV. The #BlackStarNetwork is a news reporting platform covered under Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research.See omnystudio.com/listener for privacy information.
Heightened tensions in the Middle East have caused spot rates for large crude oil tankers from the Persian Gulf to China to surge over 50%. This surge comes after a U.S. attack on Iran and threats to close the Strait of Hormuz, a route for about 20% of the world's oil, equating to over $57,000 per day for a roundtrip charter. Frederick W. Smith, who founded FedEx Express Corp. fifty-four years ago and revolutionized parcel delivery by using aircraft for overnight delivery, passed away over the weekend at the age of 80. FedEx CEO Raj Subramaniam stated that "Fred was more than just the pioneer of an industry and the founder of our great company. He was the heart and soul of FedEx – its People-Service-Profit culture, values, integrity, and spirit," underscoring his profound impact. The Supreme Court has weighed in on California's ability to create its own environmental regulations via waivers from the EPA, a ruling that was more procedural than substantive on regulatory lawmaking. This decision, which overruled a D.C. Circuit Court case regarding a challenge to California's Clean Cars One Act, could benefit how trucking groups fight state regulations impacting their industry going forward. Don't miss What The Truck?!? live at noon today on FreightWaves TV, with the replay available on SiriusXM channel 146. Also, mark your calendars for the free Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium on July 30th in Washington D.C., with a special combo ticket available for the latter and the Future of Freight Festival. Learn more about your ad choices. Visit megaphone.fm/adchoices
Tracey Olson, COO at Guardian Energy Management and NDCGA Industry Representative, discusses the EPA's announcement of proposed RFS volume obligations for 2026 and 2027.See omnystudio.com/listener for privacy information.
Samantha Rux from OSF Healthcare joined Wake Up Tri-Counties to discuss mosquitoes and West Nile Virus. Health officials in Illinois are urging caution as mosquito testing reveals positive results for West Nile Virus in 18 counties, including Henry, Stark, and Bureau. Although no human cases have been reported so far, the risk remains high, particularly for older adults and those with compromised immune systems. The West Nile virus is mainly transmitted by mosquito bites, and past outbreaks in Illinois have been severe. Residents are encouraged to use EPA-approved insect repellent, wear protective clothing outdoors, and regularly remove standing water to prevent mosquito breeding. Early symptoms include high fever and severe headache; seek medical care if these occur. The West Nile virus, primarily transmitted through mosquito bites, is a growing health concern during the warmer months. While most people experience no symptoms or only mild, flu-like illness, severe cases can lead to dangerous conditions such as encephalitis or meningitis, especially in older adults or those with weakened immune systems. There is no vaccine or specific treatment available. The best defense is prevention: use EPA-approved insect repellents, wear long sleeves and pants outdoors, and eliminate standing water where mosquitoes breed. Awareness of symptoms like high fever, severe headache, or confusion is crucial—seek medical attention if these develop. Illinois has faced significant challenges with West Nile virus since it was first detected in dead crows in the Chicago area in September 2001. By 2002, the state reported the highest number of human cases and fatalities in the United States, with 884 cases and 64 deaths. The Illinois Department of Public Health uses a comprehensive surveillance system to track infected birds, mosquitoes, horses, and humans. West Nile virus is primarily spread through the bite of infected mosquitoes, with people over 60 most at risk for severe illness. Authorities urge residents to eliminate standing water and use protective measures to reduce risk.
Missouri Soybeans' Technical Conservation Agronomist, Kaitlin Flick-Dinsmore, says it's important that farmers become familiar with the Endangered Species Act and provides some clarification on navigating the ESA and working with the EPA. Learn more at mosoy.org.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
All Out Diesel joins us today to talk about federal agents visiting customers, their EPA case, and the details of the sentencing. What started the case? Were non-DPF trucks included? Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode originally aired as #327 on 5/20/23. It's an oldie but goodie so we are sharing it again! Mental Health is a mounting issue in America today. Pharma prescriptions are higher than ever before, more people are in therapy than ever before and more than ever, people are searching for alternatives to those methods. On today's episode Jared runs through what he considers to be the foundational things that you should consider to improve your mental health. You will learn about the gut brain connection, deficiencies that impact mental health, the value of breath, sleep, water, sunshine and more.Products:Precision Probiotic Vital SporesVital 5 Magnesium BisglycinateVital 5 Ultimate Vitality Multi-VitaminBioCoenzymated Active B ComplexVital 5 Omega 3 + AntioxidantsUltra Strength RX Omega 3Sensoril AshwagandhaAnxiety ReleaseVital SleepL-Theanine chewables Additional Information:Episode #164: Psychobiotics - Unique Probiotics for Depression, Anxiety and More Part 1Episode #166: Psychobiotics - Unique Probiotics for Depression Anxiety and More Part 2Episode #306: The Great Debate in Probiotics: Human Strains vs. SporesEpisode #258: Your Magnesium Users GuideEpisode #264: Jen's Story: How One Woman Fought Through Addiction, Mental and Physical Illness to Find Vitality.Episode #265: Sleep! Your Guide to Falling Asleep, Staying Asleep and Deeper and More Restful SleepVisit the podcast website here: VitalityRadio.comYou can follow @vitalitynutritionbountiful and @vitalityradio on Instagram, or Vitality Radio and Vitality Nutrition on Facebook. Join us also in the Vitality Radio Podcast Listener Community on Facebook. Shop the products that Jared mentions at vitalitynutrition.com. Let us know your thoughts about this episode using the hashtag #vitalityradio and please rate and review us on Apple Podcasts. Thank you!Just a reminder that this podcast is for educational purposes only. The FDA has not evaluated the podcast. The information is not intended to diagnose, treat, cure, or prevent any disease. The advice given is not intended to replace the advice of your medical professional.
Our suspicions about the dimwit in diapers are turning out to be true! PLUS, Mandy Gunasekara, former Chief of Staff at the EPA and author of the book Ya'll Fired: A Southern Belle's Guide to Restoring Federalism and Draining the Swamp, discusses Trump's increase in biofuel blends in fuel, Biden's bastardization of the EPA and the EPA gold bar scandal. Reid Rasner, founder of Rasner Media, updates Shaun on his $47.45 Billion offer to buy TikTok with a goal of helping Americans monetize their data and create digital sovereignty. And our National Anthem: performed by the Leo High School Choir!See omnystudio.com/listener for privacy information.
On this week's episode of America on the Road, Jack Nerad and Chris Teague dive into two very different test vehicles, starting with the rugged yet refined 2025 Toyota Sequoia TRD Off-Road 1794 Edition. Jack used the full-size SUV as his vehicle of choice for a family road trip to California's central coast, for the college graduation of his youngest daughter. Powerful and luxurious, the Texas-built Sequoia pairs a 437-horsepower i-FORCE MAX hybrid powertrain with a 10-speed automatic transmission and part-time four-wheel drive. Off-road gear like Bilstein shocks, skid plates, and a locking rear differential came into play during the drive, while the massaging leather seats and walnut wood trim brought a layer of comfort that softened the SUV's muscular edge. It's not cheap. The model Jack tested came in at $85,700. But it delivers a capable mix of trail-readiness and upscale design. Jack will provide a full report. Chris takes a long look at the 2025 Chevrolet Trax, a subcompact SUV that trades brute force for practicality and affordability. Starting at just $21,895, the Trax is powered by a 137-horsepower, turbocharged 1.2-liter three-cylinder engine and a six-speed automatic transmission. It reaches 60 mph in 8.8 seconds and offers an EPA-estimated 28 mpg in the city and 32 on the highway. While it doesn't have an all-wheel drive variant, it's larger than its predecessor, with more rear legroom and cargo space, and its updated interior includes an 11-inch touchscreen on LT and higher trims, wireless smartphone integration, and intuitive climate controls. Though modest in power, the Trax is easy to drive and well-equipped for the price. Are its days numbered because of tariff issues? Chris and Jack will weigh in on that and the Trax's merits. In the news this week, Chevrolet stunned the industry by unveiling the 2026 Corvette ZR1X, a 1,250-horsepower hybrid supercar featuring a twin-turbo V-8 and front electric motor, capable of hitting 60 mph in under two seconds. The car's performance is supported by cutting-edge features like a 1.9 kWh electric assist system, 10-piston brakes, and active aerodynamics, positioning it squarely in hypercar territory. Nissan revealed a full redesign of its Leaf EV, with a new 75-kWh battery, SUV-like stance, and high-end tech, including dual 14.3-inch displays and Plug & Charge functionality. The interior gets a minimalist refresh aimed at maximizing space and comfort, while the platform's new 3-in-1 powertrain improves efficiency and range. But while Nissan is hoping to sell many Leaf EVs, EV registrations have begun to slip in the U.S., declining 4.4 percent year-over-year in April, the first drop in over a year. Market share fell to 6.6 percent as consumer demand softened and manufacturers reconsidered pricing, while upcoming federal legislation may soon phase out the current EV tax credit program, adding further instability. We'll have details on all the ramifications. The news might be better for hybrids, like the OG hybrid, the Toyota Prius. The automaker just announced details on the 2026 Prius. It will offer up to 196 horsepower, available all-wheel drive, and a host of new safety and infotainment features, all while delivering as much as 57 mpg combined. The Prius also refines its sleeker design, updated hybrid tech, and ride dynamics, aiming to appeal to a broader range of buyers. This week's special guest is Sean Nguyen, a lubricant expert from Pennzoil. He will share valuable advice on keeping your car running smoothly, including what to look for in modern motor oils and how often you really need to change them. He discusses the evolution of engine oil technology and how choosing the right oil can extend the life and efficiency of your vehicle, so stay with us for that. To wrap things up, a listener from Stockton, California, asked whether it's safe to rely on driver-assist features like lane-keeping and automatic stop during traffic.
Today's Headlines: President Trump has approved support for Israel's strikes on Iran but says he'll decide within two weeks whether to escalate U.S. military involvement—echoing past vague promises. Meanwhile, the last known American hostage from Gaza returned home to New Jersey. ICE detained Sayed Naser, an Afghan man who aided U.S. forces, during an immigration hearing despite his active asylum case. Confusion followed a bizarre incident at Dodger Stadium where masked individuals claiming to be ICE were later said to be CBP agents, though no official operation was confirmed. Another SpaceX rocket exploded during a ground test, adding to Elon Musk's taxpayer-funded streak of failures. The EPA is reportedly reconsidering its long-overdue ban on deadly white asbestos, still legal in the U.S. despite global bans. And Trump has extended the TikTok ban yet again—this time through September 17. Resources/Articles mentioned in this episode: Reuters: Trump to decide on US action in Israel-Iran war within two weeks, White House says ABC 7: Tenafly, New Jersey welcomes home American-Israeli IDF soldier Edan Alexander, held hostage and released by Hamas CBS News: Afghan ally detained by ICE after attending immigration court hearing AP News: Federal immigration agents asked to leave Dodger Stadium parking lot, team says CNN: Elon Musk's SpaceX rockets keep blowing up at the worst possible time NYT: E.P.A. Plans to Reconsider a Ban on Cancer-Causing Asbestos AxiosTrump extends TikTok sale deadline again Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices
Mandy Gunasekara, former Chief of Staff at the EPA and author of the book Ya'll Fired: A Southern Belle's Guide to Restoring Federalism and Draining the Swamp, discusses Trump's increase in biofuel blends in fuel, Biden's bastardization of the EPA and the EPA gold bar scandal.See omnystudio.com/listener for privacy information.
In this episode of the Ag Tribes Report, host Vance Crow welcomes Jason Mauck, a US farmer and innovative thinker in agriculture, to discuss the challenges and opportunities facing the industry. Jason shares insights into his 'farm weird' philosophy, which emphasizes regenerative practices and polyculture systems to optimize yields and resilience. The conversation delves into the impact of recent policy changes, such as Trump's ICE raid reversals and the EPA's biofuel mandates, on the agricultural sector. Jason offers his perspective on the need for diversity in farming practices and the importance of understanding the motivations behind agricultural decisions.The episode also explores the volatility in the cattle market, the USDA's efforts to combat the screw worm threat, and the implications of Bitcoin on land prices. Jason shares his unique approach to farming, advocating for polycropping and questioning the widespread adoption of cover crops. The discussion highlights the importance of innovation and adaptability in agriculture, as well as the need for farmers to manage natural resources effectively. Vance and Jason also touch on the significance of community and collaboration in driving agricultural progress, inviting listeners to engage with new ideas and approaches to farming.
The Trump administration lost a court battle this week in its attempt to roll back hundreds of millions of dollars in climate funding issued by the Biden administration. POLITICO's Alex Guillén breaks down that ruling, along with the other legal and political fights over Biden-era climate funding. Plus, the Supreme Court came to opposite conclusions in two separate but related cases over the proper venues for legal challenges to EPA actions. Alex Guillén is an energy reporter for POLITICO. Nirmal Mulaikal is the co-host and producer of POLITICO Energy. Kara Tabor is an audio producer for POLITICO. Gloria Gonzalez is the deputy energy editor for POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Learn more about your ad choices. Visit megaphone.fm/adchoices
In this week's episode, we explore the USDA's new solution to combat the New World Screwworm, break down the EPA's latest Renewable Fuel Standard and sit down with a soybean crusher who shares how he got his start in the biodiesel industry. In the news, President Trump halts immigration raids on farms and food plants after pushback from ag groups. An Indiana equipment dealer faces 17 felony charges in a $750,000 farm fraud case. We broke down the EPA's new Renewable Fuel Standard. Plus, China reopens trade to over 100 U.S. meat plants, fertilizer markets tighten amid global conflict and Capitol Hill cools off with the dairy industry's annual ice cream celebration. This week's interview shares some of the uncertainty leading up to the Environmental Protection Agency's recent guidance on the Renewable Fuel Standard (RFS) released this past week. Michelle Stangler visited Incobrasa, a soybean crush and biodiesel facility in Illinois, where she spoke with Quality Control Manager Kerry Fogarty during a tour organized by the Clean Fuels Alliance America. Fogarty shared insights on the history of the biodiesel tax incentive, the impact of recent plant shutdowns and what the RFS means to facilities like Incobrasa. He also discussed the uncertainty surrounding expansion projects at the facility, along with concerns about the recent cutbacks to the USAID program. The conversation highlighted both challenges and opportunities for soybean-based fuels moving forward. Stay connected with us for more agriculture content on Instagram, TikTok, Facebook, and YouTube, along with our weekly videos!
This Farm Talk segment features Tracey Olson, COO at Guardian Energy Management and North Dakota Corn Growers Association Industry Representative. Olson discusses the recent EPA announcement of proposed RFS volume obligations for 2026 and 2027. See omnystudio.com/listener for privacy information.
The air conditioning and refrigeration industries are asking Congress to chill an EPA initiative started under the Biden administration to change refrigerants used in AC units. The EPA move seeks to respond to climate change by changing to refrigerants such as propane, which is highly flammable. To further complicate matters, there's a phase-in period with transitional coolants. We speak with Bob Cochell, owner of Gulf Coast Air Systems, former president of the Florida Refrigeration and Air Conditioning Contractors Association, and longtime advocate for the HVAC industry.
Angel Studios https://Angel.com/ToddBecome a Premium Angel Studios Guild member to watch The King of Kings, stream all fan-curated shows and movies, and get 2 free tickets to every Angel Studios theatrical release. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bioptimizers https://Bioptimizers.com/toddEnter promo code TODD to get 10% off your order of Berberine Breakthrough today.Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE. Schedule your FREE consultation at GoBizAble.com today. Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here! Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today.Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/ToddLISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeDemocrat's BiPolar Politics. // Choose: God's Common Blessings or Begging For Table Scraps. // Has Focus On The Family Gone to The Woke-Zone?Episode Links:BLM Brandon, the Chicago boss of the Identitarian Dependency Cartel, opens the city's Juneteenth remembrances peddling the dope he trafficks.Caitlin Clark is literally jumped by a gang of women during “baskebtall game.”BREAKING: Ilhan Omar: “We are turning into one of the worst countries on earth.” Then she should leave!“Love the foreigner, for you yourself were foreigners in the land of Egypt.” As we watch the recent events in Los Angeles and across the country, I am reminded of how many faiths share the belief that immigrants are part of our shared humanity.“Bill Gates is backing the first high-altitude experiment of one radical climate change solution. Creating a massive chemical cloud that can cool the earth. It's called solar geoengineering and it's highly controversial.”Right under our noses, Big Ag is genetically engineering soil microbes." - "Genetically modifying organisms in the dirt will have far-reaching effects that could be disastrous." - "Two live [genetically-engineered] microbes are currently being used on millions of acres of US farms, and the EPA's website states they've registered eight more. These are organisms like bacteria, fungi, viruses, algae, protozoa."What is going on with Focus on the Family? Read the comments and their reply to this post.
One of the Trump EPA's goals is to boost domestic auto sales. Cause you can't spell Environmental Protection without auto. Oh, wait, you can. Ben riffs. Ellie Hagen explains Trump's war on Environmental Justice. Apparently, he's okay with the word environmental and the word justice. But if you put them together, his MAGA mind explodes cause that's "woke"! Ellie used to be a scientist for the EPA.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Jason talks to RT Rybak, the President and CEO of the Minneapolis Foundation, about their lawsuit against the EPA that freed up tens of millions to go to nonprofits across the Midwest. Plus he talks about security issues surrounding public officials.
In this solo episode, Dr. Mike Hart delves into the surprising results of his recent fatty acid test. Despite maintaining a clean diet that excludes seed oils and includes supplements like Omega-3 fatty acids, the test revealed elevated levels of inflammation markers. The episode covers detailed analysis of Omega-3 index, EPA, DHA, and AA levels, and the significance of each in cardiovascular health and inflammation. Dr. Hart discusses dietary changes, such as increasing EPA intake and eliminating almond butter, to address these findings. He also plans to retest in the future and monitor improvements in his inflammatory markers and overall health. (00:00) Introduction and Podcast Overview (01:30) Shocking Fatty Acid Test Results (01:30) Detailed Breakdown of Omega-3 Index (02:30) EPA and DHA Analysis (03:30) Arachidonic Acid and Inflammation (04:30) AA to EPA Ratio and Its Importance (11:30) Steps to Improve Fatty Acid Profile (16:00) Additional Health Markers and Final Thoughts (24:00) Conclusion and Future Plans --- Dr. Mike Hart is a Cannabis Physician and Lifestyle Strategist. In April 2014, Dr. Hart became the first physician in London, Ontario to open a cannabis clinic. While Dr. Hart continues to treat patients at his clinic, his primary focus has shifted to correcting the medical cannabis educational gap that exists in the medical community. Connect on social with Dr. Mike Hart: Social Links: Instagram: @drmikehart Twitter: @drmikehart Facebook: @drmikehart
In this insightful episode of the HVAC School podcast, host Bryan sits down with Jennifer Butsch, Director of Regulatory Affairs at Copeland, to discuss the rapidly evolving regulatory environment affecting the HVAC industry. With eight years of experience at Copeland and a background spanning codes, standards, and regulatory affairs, Jennifer provides a unique perspective on the challenges and opportunities facing contractors, technicians, and manufacturers in today's market. The conversation begins with an in-depth look at the EPA's Technology Transition Rule and the recent shift from R-410A to mildly flammable refrigerants like R-454B and R-32 as of January 1, 2025. Unlike previous refrigerant transitions that allowed for years of overlap, this transition was compressed into a much shorter timeframe due to building code requirements for the new mildly flammable refrigerants. While equipment delivery has gone relatively smoothly, the industry has faced significant challenges with refrigerant availability, particularly R-454B service gas. Jennifer discusses how OEMs have responded creatively, including pre-charging units with additional refrigerant and providing recovery cylinders as short-term solutions. The discussion also covers the ongoing debate about potentially returning to R-410A, which Jennifer argues wouldn't solve the current cost and availability challenges. She emphasizes that manufacturers have already invested heavily in transitioning their production lines and that rolling back would actually increase costs and timeline complications while moving in the wrong direction environmentally. The conversation touches on energy efficiency standards and the limitations of what can be changed under current legislation, noting that rolling back to pre-2023 efficiency levels would require Congressional action to revise the Energy Policy and Conservation Act. Jennifer and Bryan explore the complex world of tariffs and their impact on pricing stability, the potential defunding of Energy Star and what privatization might mean for the industry, and the challenges of regulatory fragmentation when federal oversight decreases and individual states create their own rules. The episode concludes with Jennifer's perspective on Copeland's philosophy of industry stewardship and practical advice for contractors on how to make their voices heard through trade associations and direct communication with legislators. Topics Covered: Technology Transition Rule - EPA refrigerant phase-down from R-410A to 454B and R-32 Refrigerant Availability Challenges - Current shortages in 454B service gas and industry solutions Mildly Flammable Refrigerants - Building code requirements and safety considerations R-410A Rollback Discussion - Why returning to previous refrigerants isn't a viable solution Energy Efficiency Standards - Legal limitations on rolling back efficiency requirements Tariff Impact - Effects on pricing stability and manufacturing decisions Energy Star Program - Potential defunding and privatization concerns Regulatory Fragmentation - Challenges when states create individual rules vs. federal standards Industry Stewardship - Copeland's approach to leadership and collaboration Contractor Advocacy - How to effectively engage with trade associations and legislators Manufacturing Investment Challenges - Impact of policy uncertainty on long-term planning Transition Timeline Management - Lessons learned and recommendations for future regulatory changes Have a question that you want us to answer on the podcast? Submit your questions at https://www.speakpipe.com/hvacschool. Purchase your tickets or learn more about the 6th Annual HVACR Training Symposium at https://hvacrschool.com/symposium. Subscribe to our podcast on your iPhone or Android. Subscribe to our YouTube channel. Check out our handy calculators here or on the HVAC School Mobile App for Apple and Android
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Housekeeping1:06 MAHA and Farm Groups3:45 45Z News and Tax Package5:56 US Weather Forecasts9:11 Brazil Currency10:48 Meal Flash Sale
On this episode of Vitality Radio, Jared is joined by Monique Wellise, Director of Education at Natural Factors. Together, they explore one of Jared's Vital 5 supplements—Omega-3 fatty acids. You'll learn why Omega-3s are so critical for cell membrane health, why our modern diets leave most of us deficient, and how the ratio of Omega-3 to Omega-6 can make or break your body's inflammation balance. From dry eyes and joint discomfort to cardiovascular and cognitive health, they break down why Omega-3s are so foundational, and how to choose a clean, well-sourced product. They also cover vegan sources, algae oil, and flax, and why the form and dosage of your Omega-3 really matters. Whether you're confused by Omega-3, 6, and 9, wondering if your fish oil is doing any good, or looking to cut through marketing hype, this conversation will give you clarity and confidence.Products:Vital 5 Omega-3 + AntioxidantsNatural Factors RX Omega-3 Ultra StrengthNatural Factors RX Omega-3 Mini SoftgelsNatural Factors Whole Earth & Sea Marine Algae DHABarlean's High Potency Omega-3 - LiquidAdditional Information:omega3scores.com Visit the podcast website here: VitalityRadio.comYou can follow @vitalitynutritionbountiful and @vitalityradio on Instagram, or Vitality Radio and Vitality Nutrition on Facebook. Join us also in the Vitality Radio Podcast Listener Community on Facebook. Shop the products that Jared mentions at vitalitynutrition.com. Let us know your thoughts about this episode using the hashtag #vitalityradio and please rate and review us on Apple Podcasts. Thank you!Just a reminder that this podcast is for educational purposes only. The FDA has not evaluated the podcast. The information is not intended to diagnose, treat, cure, or prevent any disease. The advice given is not intended to replace the advice of your medical professional.
Israel announces wave of strikes on Tehran after Trump demands Iran's unconditional surrender; NYC mayoral candidate Brad Lander arrested at immigration court; Federal bill would dim rooftop solar's future, says Michigan CEO; Despite known Iowa nitrate risks, EPA focuses on fluoride; Georgia's Macon-Bibb County launches justice reform plan.
Israel announces wave of strikes on Tehran after Trump demands Iran's unconditional surrender; NYC mayoral candidate Brad Lander arrested at immigration court; Federal bill would dim rooftop solar's future, says Michigan CEO; Despite known Iowa nitrate risks, EPA focuses on fluoride; Georgia's Macon-Bibb County launches justice reform plan.
Lee Zeldin—Administrator of the U.S. Environmental Protection Agency—joins The Rich Zeoli Show to discuss the One Big Beautiful Bill Act, his proposal to repeal Biden-era EPA regulations on power plants, and President Donald Trump blocking California's ban on gas-powered vehicles. Administrator Zeldin says of the Trump-signed Congressional joint resolutions: “Even in California…a very large majority of their residents don't want to drive an electric vehicle.” He continues, “the government should not be mandating an electric vehicle for all.”
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Corn Belt Heat2:45 Bean Oil, Meal6:07 Crop Ratings and Progress8:35 Corn Shipments are Still Strong9:50 NOPA Crush11:06 Russia Wheat12:09 Middle East Update
The Rich Zeoli Show- Hour 4: 6:05pm- Has Rich mentioned he'll be a guest on The Ingraham Angle on Fox News tonight? 6:10pm- On Saturday, the U.S. Army celebrated it 250th birthday with a parade in Washington D.C. Meanwhile, in response to the parade, far-left protests broke out in major cities across the country—sometimes turning violent. 6:20pm- During a weekend interview, Gov. Josh Shapiro (D-PA) reacted to the Trump Administration's decision to federalize the National Guard in Los Angeles after Governor Gavin Newsom and Mayor Karen Bass refused to halt violent demonstrations—accusing President Donald Trump of creating “some real dangers.” He said that the National Guard in Pennsylvania remains under the governor's control. 6:40pm- REPLAY: Lee Zeldin—Administrator of the U.S. Environmental Protection Agency—joins The Rich Zeoli Show to discuss the One Big Beautiful Bill Act, his proposal to repeal Biden-era EPA regulations on power plants, and President Donald Trump blocking California's ban on gas-powered vehicles. Administrator Zeldin says of the Trump-signed Congressional joint resolutions: “Even in California…a very large majority of their residents don't want to drive an electric vehicle.” He continues, “the government should not be mandating an electric vehicle for all.”
The Rich Zeoli Show- Full Episode (06/16/2025): 3:05pm- Last week, Israel launched a series of preemptive strikes against Iranian nuclear development sites, ballistic missile launchers, and Iranian Revolutionary Guard Corps leadership. While speaking with the press during the G7 Summit in Canada, President Donald Trump said the Iranians “would like to talk but they should have done that before.” Secretary of State Marco Rubio has stated the United States played no role in the strikes—though, the administration continues to insist that Iran cannot be allowed to develop a nuclear weapon. The Supreme Leader of the Islamic Republic of Iran Ayatollah Khamenei has vowed to punish Israel and the United States. 3:15pm- Lee Zeldin—Administrator of the U.S. Environmental Protection Agency—joins The Rich Zeoli Show to discuss the One Big Beautiful Bill Act, his proposal to repeal Biden-era EPA regulations on power plants, and President Donald Trump blocking California's ban on gas-powered vehicles. Administrator Zeldin says of the Trump-signed Congressional joint resolutions: “Even in California…a very large majority of their residents don't want to drive an electric vehicle.” He continues, “the government should not be mandating an electric vehicle for all.” 3:30pm- On Saturday, the U.S. Army celebrated it 250th birthday with a parade in Washington D.C. Meanwhile, in response to the parade, far-left protests broke out in major cities across the country—sometimes turning violent. 3:40pm- During a weekend interview, Gov. Josh Shapiro (D-PA) reacted to the Trump Administration's decision to federalize the National Guard in Los Angeles after Governor Gavin Newsom and Mayor Karen Bass refused to halt violent demonstrations—accusing President Donald Trump of creating “some real dangers.” He said that the National Guard in Pennsylvania remains under the governor's control. 4:05pm- Julianna Freeman—Writer for The Daily Caller, American Spectator, and The Federalist—joins The Rich Zeoli Show to discuss her latest article: “Cameras and Cash Fuel ‘No Kings' Protests Against Trump: Today's Democrats are puppets to the purse strings—their passion is real, but their causes are contrived and backed by billionaires.” You can read the full article here: https://spectator.org/cameras-and-cash-fuel-no-kings-protests-against-trump/. 4:25pm- What's the better movie: Casino or Goodfellas? Matt proclaims it's Casino—and he gets demolished in an audience poll. Plus, is Joe Pesci a better actor than Al Pacino? 4:30pm- Dr. Victoria Coates— Former Deputy National Security Advisor & the Vice President of the Davis Institute for National Security and Foreign Policy at The Heritage Foundation—joins The Rich Zeoli Show to discuss Israel's preemptive strikes against Iranian nuclear development sites and ballistic missile launchers. During an interview with Margaret Brennan, Senator Tom Cotton warned that Iran is “close to having enough pure weapons-grade uranium for several weapons.” Dr. Coates is author of the book, “The Battle for the Jewish State: How Israel—and America—Can Win.” You can find it here: https://a.co/d/iTMA4Vb. 5:05pm- Bill D'Agostino—Senior Research Analyst at Media Research Center—joins The Rich Zeoli Show to breakdown some of the best (and worst) clips from corporate media: freshly fired Terry Moran complains about how evil Donald Trump and Stephen Miller are while claiming he's “not that liberal” + MSNBC reporter Jacob Soboroff accidentally admits the “peaceful protesters” are harassing police and their horses. 5:20pm- Matt is still being blown out in the audience movie poll—but refuses to concede. And he still contends Joe Pesci is a better actor than Al Pacino. Will playing Pacino's “Dunkaccino” performance in the terrible Adam Sandler movie Jack and Jill change anyone's opinion? 5:40pm- While appearing on HBO's Real Time with Bill Maher, Sen. John Fetterman (D-PA) scolded his party for changing their values and demonizing anyo ...
The Rich Zeoli Show- Hour 1: 3:05pm- Last week, Israel launched a series of preemptive strikes against Iranian nuclear development sites, ballistic missile launchers, and Iranian Revolutionary Guard Corps leadership. While speaking with the press during the G7 Summit in Canada, President Donald Trump said the Iranians “would like to talk but they should have done that before.” Secretary of State Marco Rubio has stated the United States played no role in the strikes—though, the administration continues to insist that Iran cannot be allowed to develop a nuclear weapon. The Supreme Leader of the Islamic Republic of Iran Ayatollah Khamenei has vowed to punish Israel and the United States. 3:15pm- Lee Zeldin—Administrator of the U.S. Environmental Protection Agency—joins The Rich Zeoli Show to discuss the One Big Beautiful Bill Act, his proposal to repeal Biden-era EPA regulations on power plants, and President Donald Trump blocking California's ban on gas-powered vehicles. Administrator Zeldin says of the Trump-signed Congressional joint resolutions: “Even in California…a very large majority of their residents don't want to drive an electric vehicle.” He continues, “the government should not be mandating an electric vehicle for all.” 3:30pm- On Saturday, the U.S. Army celebrated it 250th birthday with a parade in Washington D.C. Meanwhile, in response to the parade, far-left protests broke out in major cities across the country—sometimes turning violent. 3:40pm- During a weekend interview, Gov. Josh Shapiro (D-PA) reacted to the Trump Administration's decision to federalize the National Guard in Los Angeles after Governor Gavin Newsom and Mayor Karen Bass refused to halt violent demonstrations—accusing President Donald Trump of creating “some real dangers.” He said that the National Guard in Pennsylvania remains under the governor's control.
Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement. Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”. For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education. Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com Russell Gray 1:54 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:10 Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen. I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray. Russell Gray 3:19 yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video. Keith Weinhold 3:24 Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point. Russell Gray 1 3:55 I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down. Keith Weinhold 6:13 One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that. Russell Gray 7:09 That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to. Keith Weinhold 12:46 And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century. Russell Gray 13:11 I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article Keith Weinhold 15:38 fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago. Russell Gray 15:45 I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks. Keith Weinhold 20:12 Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods. Russell Gray 20:56 What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers. Keith Weinhold 25:30 It's almost if that could happen price in theUnited States of America, right? Russell Gray 25:36 And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there. Keith Weinhold 26:13 Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945 Russell Gray 26:32 Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out. Keith Weinhold 29:44 Some credence to this. Yes, yeah, so. But with that said, Russell Gray 29:47 you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure, Keith Weinhold 32:23 there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. 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Get rich education with Keith Weinhold, don't quit your Daydream. Keith Weinhold 34:52 Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100% Russell Gray 35:36 it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's Keith Weinhold 40:07 a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism. Russell Gray 41:04 I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right? Keith Weinhold 45:56 And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there? Russell Gray 46:54 Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst. Keith Weinhold 51:29 Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that? Russell Gray 52:31 I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people. Keith Weinhold 53:00 Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith. Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. 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