Podcasts about Federal Reserve

Today The Dad discusses chinmasks, catching buttVid from boxing out in public school basketball games, J. Gruden's no-no words and Superman's love of no-no holes, and the massacre of He-Man. Plus, a great interview with G. Edward Griffin, author of "The Creature From Jekyll Island" which is one of the most important books you've never read. He is spitting knowledge on the Federal Reserve, The Banking Cartel, and why this boom/bust cycle is intentional. ________________________________________ Please Follow The Dad Presents on: Spotify and Apple Podcasts: The Dad Presents (please lick follow and review us) Website: TheDadPresents.com – (get on our mailing list before we get cancelled off social) Facebook.com/thedadpresents – great daily content Mercy: https://www.thedadpresentsmerch.com/ Instagram.com/thedadpresents Twitter: @thedadpresents Tic Tok: @thedadpresents Rumble: @thedadpresents YouTube: @superbaddad and @thedadpresents Gab: @thedadpresents GETTR: @thedadpresents And our new website: TheDadAnswers.com – where The Dad answers ALL your parenting dilemmas. Also, buy and enjoy books written by The Dad, J. Matthew Nespoli, on Amazon: Daddy Versus The Suck Monster - “A hilarious memoir on first time fatherhood for a 36 year old man-child”: https://tinyurl.com/p9593sp Broken – “A dark, fictional, comedic tale told with a razor sharp acerbic wit about the dark seedy underbelly of Los Angeles: Sex, Drugs and Rock and Roll”: https://tinyurl.com/y2p77qar Please support our sponsors and help your boy feed his family: The Expat Money Show with Mikkel Thorup which can be heard on iTunes or any podcast app. If you're interested in relocating from the United States, saving on taxes, or off-shoring some assets, this is the show and the man for you. Also, check out his website www.expatmoneyshow.com SHEATHUNDERWEAR.COM -The most comfortable underwear ever created, made from materials created by NASA (I'm not positive about this) with a special sheath pocket to keep your man junk fresh and clean and give it a little extra bulge. Use promo code “Dad” for 20% off your order!

What's next for the Fed? And how will the markets react to new spending and tax initiatives? Barry Knapp, managing partner at Ironsides Macroeconomics, joins Barron's writer Lisa Beilfuss to discuss monetary policy, fiscal policy and coming changes at the Federal Reserve.

Last week's jobs numbers came in weaker than expected. September's CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep stimulating to boost the economy? In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the data and says it's about time for the central bank to pick its poison. You can visit the show notes page here: https://bit.ly/30pdi1T Tune in to the Friday Gold Wrap each week for a recap of the week's economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit https://schiffgold.com/news.

Stocks Jump 500 Points On Earnings, Its Time For The Federal Reserve To Raise Interest Rates With Pr

While the markets continue to keep a wary eye on the slowly unfolding dramas in Washington, there is plenty more threatening to roil the markets in the fourth quarter and beyond. Liz Ann Sonders, Schwab's chief investment strategist, joins the podcast for the first of a two-part conversation with host Mike Townsend to break it all down. They discuss how the market is reacting to the ongoing debates in Washington, including the decision to put off the debt ceiling fight until December, as well as bigger picture challenges the market is facing, from inflation to the rising national debt to a potential change in leadership at the Federal Reserve. Mike also provides his perspective on the latest developments with key issues on Capitol Hill, a breakthrough international tax agreement, and the SEC chairman's latest comments on cryptocurrency.WashingtonWise Investor is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/WashingtonWise.If you enjoy the show, please leave a ★★★★★ rating or review on Apple Podcasts. Important Disclosures:The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision. All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Investing involves risk, including loss of principal. Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.Digital currencies, such as bitcoin, are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view Bitcoin as a purely speculative instrument.Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. For more information on indexes please see www.schwab.com/indexdefinitions1021-1L20

As the Federal Reserve, the White House and Congress play with fire regarding future inflation and economic stagnation, there's a lot they can learn from the history of inflation. Steve Forbes on the seemingly forgotten past of former President Ulysses S. Grant and the crucial role he played in enabling the U.S. to become the most significant economic colossus in history. Can the ghost of Ulysses S. Grant save us from an economic catastrophe?Steve Forbes shares his What's Ahead Spotlights each Tuesday, Thursday and Friday.

What is a mannequin doing in a bed of Canada's "overwhelmed" hospitals? David Gornoski starts the show by explaining how the Fed's endless printing of money serves no one but the greedy corporatists and the political status quo. What is the data from Taiwan revealing about mandating medicine? Should we be content with our liberties being gradually taken away? What are the chances of Trump running again for President and what would it mean for the Republican party? Is peanut oil safe to consume? Visit A Neighbor's Choice website at aneighborschoice.com

Federal Reserve minutes show policymakers preparing to begin reducing asset purchases. Port of Los Angeles to operate around the clock to ease cargo logjams. Charlie Turner reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

As the coronavirus pandemic threatened to crash the global economy, the American central bank, the Federal Reserve stepped in, opened the taps, and saturated the other banks and nations of the world in US Dollars.  Our guest Adam Tooze's brilliant new book, Shutdown explains how it was done and looks at what might happen next. Tooze shows how lessons were learned from the austere response to the financial meltdown of 2008 and a different course was taken.

The Fed and Treasury have seen enough debt ceilings to develop a playbook that can be pieced together from past FOMC transcripts and Congressional subpoenas. A reading, by Emil Kalinowski.----------WHO----------Joseph Wang spent five years as the senior trader on the open markets desk at the Federal Reserve. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Deadlines" by Dylan Sitts at Epidemic Sound.----------WHAT----------Debt Ceiling Procedures: https://bit.ly/3jfTCnZ----------WHERE----------Joseph's Blog: https://fedguy.com/Joseph's Twitter: https://twitter.com/FedGuy12Emil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

This week on the One Minute Retirement Tip podcast, I'm going in depth into our quarterly update that we send to our clients to discuss the current economic and market environment as we enter the last quarter of 2021.  Today, I'm talking about bonds, baby! What's going on with bonds?! Well, a lot actually.  As I mentioned yesterday, there are some inflation concerns that are driving markets, and that's especially true in the bond market, where bonds are really sensitive to higher inflation. That's because when you buy a bond, you're locking in a certain interest payment twice a year that's unchanging. So when inflation eats away at that, it makes those payments and hence the bonds themselves worth less money. Related to inflation, and what's probably driving bond markets even more right now is the likelihood that the Federal Reserve will start raising rates and taper their bond purchases. It now seems likely that they'll announce this intention formally at their meeting in November, and start tapering in 2022.  Bond yields are already rising in anticipation of this move, which is why you may have seen news headlines about the 10-year treasury yield going higher. That's been happening because of what the Fed has been saying and will likely continue.  So what does this mean for bond investors? If you've been disciplined and stayed invested in short and intermediate term bonds that don't mature beyond the next 5-7 years, then your patience will soon hopefully be rewarded with higher rates. Bonds in the short to intermediate term categories should hold up ok and will likely benefit from being able to once again reinvest at higher rates.  The bottom line is that as rates go up, investing in bonds becomes more attractive again, especially relative to holding cash, and even to owning stocks, so the while the rise in interest rates may hurt some bond investors, many will likely benefit, especially if you're adding new money to bonds or re-investing bonds that are maturing soon.  That's it for today. Thanks for listening! My name is Ashley Micciche and this is the One Minute Retirement Tip podcast.   ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Resources/ Mentions:John Deere Company - www.deere.com  NOTES FROM OUR PREVIOUS EPISODE (E10) ON THE BASICS IN VALUE CREATION:Value creation comes at a cost but allows us as a value creator to use our gifts and to serve and bless others in our community.As we consider how we will create value we need to be looking at ourselves as either a steward of God's resources or a storehouse for his resources.  As we steward, we manage, invest and give away God's resources and as a storehouse we hoard and stockpile what is intended for others.PREPARATION:Some key questions to ask yourself as you prepare to put money at risk:1 .  Are you able to produce value and produce it consistently?2.  Who is the recipient of that value and is the market proven?3. Have you done your due diligence with your family's financial safety to then put money at risk?4. Having done your due diligence with your family's financial safety, are you operating at 70% of your income - giving, saving and investing the other 30%.5.  What is your proximity to the market you wish to invest in?  Do you know your product and market well? THE 3 G'S of VALUE CREATION:GROUND -  what does the landscape and narrative look like for the market and product you wish to invest in?GAP -   is there a proven gap in the market where your product can sit?  are you securing a need for a consumer base?  how stable is the supply chain for the product you wish to produce?  Is there is a proven and growing consumer base for your product?  GIFTS -  where do your gifts lie?  Do you like to work with your hands on rentals or read balance sheets of companies you want to invest in?   ANCILLARY QUESTIONS:what does your margin look like to do research into a market and product?is your job and income stream stable?is your spouse involved in the decisions to put money at risk?  do you agree on the risk levels?what is your timeline to  begin risking capital?  what is your timeline to be paid back from an investment?do you have a fiduciary who has walked you through your safety plan?  your legacy plan? VALUE CREATION is about serving and blessing people.  It's not about the money - it's about expanding the Kingdom of God and reaching people with your resources. Contact:Jay Bryner  - jay.bryner@gmail.com PW Gopalpwgopal@pwgopal.compw.gopal@thebluecollarmoney.comthebluecollarmoney.compwgopal.com ** If the content of this episode or podcast has brought you value we would appreciate a tip at the Paypal email below.  We promise we will put the funds to good work and honor your investment.pw.gopal@thebluecollarmoney.com

The Chinese bond market, next to the Federal Reserve, is one of the biggest Ponzi scheme's going.  Plus, how dangerous is the US banking system today compared to the past? See omnystudio.com/listener for privacy information.

After a strong first half of the year, developed equity markets paused in the third quarter as Covid cases rose and U.S. policy uncertainties weighed on investors. In our Q4 Market Outlook podcast, Fiduciary Trust's President & CEO, Austin V. Shapard, and Chief Investment Officer, Hans F. Olsen, CFA, discuss the current economic landscape and the expected drivers of future growth, the potential impact of proposed federal tax law changes and possible reduction in Federal Reserve asset purchases, the current level of the market and potential risks, and our investment outlook by asset class.   View the video version here with closed captions View other insights 

Warren Pierson, deputy chief investment officer for the Baird Funds, says that while the Federal Reserve initially suggested that 'transitory' inflation would be here for a matter of months, it's now a much longer definition as the pace of recovery is slower than expected. Still, Pierson says that inflation will abate and eventually give the Fed what it has been hoping for, a level slightly north of 2 percent. Pierson also gives his outlook for fixed income -- covering virtually every bond type from mortgage-backed securities to junk bonds -- in a wide-ranging chat. In the Book Interview, author Eswar Prasad discusses 'The Future of Money,' and his expectation that the world will become a cashless society sooner than later, but not necessarily in ways that cryptocurrency experts expect. Also on the show, Jill Gonzalez of WalletHub.com talks about a survey showing that more than 40 percent of consumers would pay more for flights and/or hotels that only allowed customers vaccinated against Covid-19, and John Cole Scott of Closed-End Fund Advisors and the Active Investment Company Alliance helps Chuck answer a listener's question about whether closed-end funds are appropriate for younger investors and taxable accounts.

Michael Hudson, American economist and author of Super Imperialism: The Economic Strategy of American Empire (1972) discusses the rentier economy that accounts for the growing disparity in wealth due to finance capitalism. Giving a history of the the polarisation of the US economy since the 1960s through the present, Hudson discusses how the high costs of education and housing have led to a growing problem of student debt, higher costs of living and increasing austerity. Noting how 80% of bank loans are made for real estate in the US, Hudson expounds upon how loans and exponentially growing debts outstrip profits from the economy proving disastrous for both the government and the people who are paying increasing amounts on housing with little to no money left to spend on goods and services. Hudson contends that finance capitalism is a “self-terminating” oligarchical system leaving workers traumatised, afraid to strike or react to working conditions, while they are pushed towards serfdom as US and Europe are heading towards a debt crisis on par with that of Argentina and Greece.TranscriptIntroduction: Welcome to Savage Minds. I'm your host, Julian Vigo. Today's show marks the launch of our second season with a very special guest: Michael Hudson. Michael Hudson is a financial analyst and president of the Institute for the Study of long term economic trends. He is a distinguished research professor of economics at the University of Missouri Kansas City, and the professor at the School of Marx studies, Peking University in China. He's also a research fellow at the Levy Institute of Bard College, and he has served as an economic adviser to the US Canadian, Mexican, and Latvian governments. He's also been a consultant to UNITAR, the Institute for Research on Public Policy and the Canadian Science Council, among other organisations. He holds a BA from the University of Chicago and an MA and PhD in economics from New York University. Professor Hudson is the author of Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy (2015), and most recently, J is for junk economics, a guide to reality in an age of deception. His super imperialism, the economic strategy of the American Empire has just been translated into German after its appearance in Chinese, Japanese and Spanish. He sits on the editorial board of lap times quarterly and has written for the Journal of International Affairs, Commonweal, International Economy, Financial Times, and Harper's, and he's a regular contributor to CounterPunch. I welcome Michael Hudson, to Savage Minds.Julian Vigo: Class analysis in the United States is rather subterfuge amidst all these other narratives of the American dream as it's framed—that being the right to own one's home. In the UK, that became part of the Trojan horse, that Thatcher built to win her election. It was a very smart move. She won that election—she won her elections—by the reforms in the “right to buy” scheme as I'm sure you know. I t was really clever and disastrous for human rights in the country. I've spent quite a bit of my life in the UK and to see that in 1979 was, I believe, 49% of all residential housing was council housing. And when I wrote a piece on this for the Morning Star about eight, nine years ago, that rate was reduced to under 11%. So we're seeing the haves- and have-nots. And this is where your work really struck a chord for me. And let's kick into the show at this point. I have written over the years, about rentier capitalism, a term that is increasingly used to describe economies dominated by rentier, rents and rent-generating assets. And you discuss this quite a bit in your work, more recently, your article from July, “Finance Capitalism versus Industrial Capitalism: The Rentier Resurgence and Takeover.” And in this article, you discuss how today the finance, insurance and real estate sectors have regained control of government creating a “neo-rentier” economy as you put it, while you note—and I quote you: “The aim of this postindustrial finance capitalism is the opposite of industrial capitalism as known to nineteenth-century economists: it seeks wealth primarily through the extraction of economic rent, not industrial capital formation.” Unquote. I was wondering if we might begin our talk by branching out from this piece you wrote in July. And if you could explain for our listeners why discerning rentier capitalism is essential for understanding the global push to privatise and financialise those sectors that formerly existed in the public domain such as—and we see this everywhere, including in the EU—transportation, health care, prisons, policing, education, the post office, etc.Michael Hudson: Well, most textbooks depict a sort of happy world that almost seems to exist in the 1950s. And this “happy world” is when wealthy people get money, they build factories and buy machinery and hire workers to produce more goods and services. But that's not what the credits created for today, it's the textbooks that pick the banks that take in people's deposits and lend them out to people who build industrial production, and you'll have a picture of workers with lunchboxes working in. But actually, banks only lend money against assets. And the main assets do not make a profit by employing people to produce things there. They simply are opportunities to extract rent, like real estate 80% of bank loans are made for real estate. And that means they're made against primarily buildings that are in land that are already there. And the effective more and more bank credit is to raise the price of real estate. And in the United States, in the last year, housing prices have gone up 20%. And typically, in America, if you go to a bank and take out a loan, the government is going to guarantee the bank that you will pay the loan up to the point where it absorbs 43% of your income.So here's a big chunk of American income going to pay simply for housing, those price increases, not because there's more housing, or better housing. But in fact, the housing is built worse and worse every year, by lowering the standards, but simply inflation. There are other forms of rent, other people pay, for instance, 18% of America's GDP is healthcare, much higher than the percentage in any other country for much lower quality of service. So you know, that's sort of taken out of people's budgets. If you're a worker in the United States, right away, you get your paycheque 15%—a little more, maybe 16% now—is deducted for Social Security and medical care for when you're older. They also need up to maybe 30%, for income tax, federal, state and local income tax before you have anything to spend. And then you have to spend for housing, you have to pay for transportation, you have to pay for your own medical insurance contributions, your own pension contributions. So there's very, very little that is left over in people's budgets to buy goods and services. Not only have real wages in the United States, gone down now for three decades, but the disposable income that people and families get after they meet their sort of monthly “nut,” what they can spend on goods and services is shrunk even more. So while they're getting squeezed, all this money is paid to rentiers as at the top. And because of the miracle of compound interest, the amount that the 1% of the economy has grows exponentially. Any rate of interest is a doubling time. And even though people know that there's only a 0.1% rate of interest, now for the banks, and for large wall firms, it's about 3% if you want to buy a mortgage. and so this, the 0.1% is lent out to large companies like Blackstone that are now buying up almost all of the housing that comes onto the market in the United States. So in 2008, 69% of homeowners of Americans own their own homes. Now it's fallen by more than 10%. It's fallen to about 51%. All this difference has been basically the financial sector funding a transformation away from home ownership into landlordship—into absentee ownership. And so the if you're part of the 1%, the way that you make money is by buying stocks or bonds, or corporate takeovers, or buying real estate and not building factories. And that's why the factories and the industry have been shifting outside of the United States over to China, and other countries. So, what we're having is a kind of…I won’t say its post-industrial capitalism, because people thought that the what was going to follow industrial capitalism was going to be socialism. They thought that there will be more and more government spending on providing basic needs that people had. And instead of socialism, and a more, egalitarian distribution of wealth and income, you've had a polarization of wealth and income, you've had the wealthy people making money financially, and by real estate, and by rent seeking, and by creating monopolies, but not by building factories, not by producing goods and services. And that is why the economy's polarizing, and so many people are unhappy with their conditions. Now, they're going further and further into debt and their student debt. Instead of education here being a public utility that's provided freely, it's become privatised at NYU, it's now $50,000 or $60,000 a year. There is no way in which the United States can compete industrially with other countries when they've loaded down new entrants into the labor force with huge housing costs, student debt, huge taxes have been shifted off the 1% onto the 99%. So in the United States, finance capitalism basically is self-terminating. It leads to a polarised economy, it leads to austerity. And it leaves countries looking like Greece looked after 2015, after its debt crisis, it looks like Argentina is trying to struggle to pay its foreign debts. And that seems to be the future in which the US and Europe are moving towards.Julian Vigo: I posted on my Facebook wall about this about maybe five weeks ago, that the rentier class, I'm not just including the likes of Blackstone, but the middle class that are multiple home dwellers. I noted that during the lockdown, I was reading through accounts on social media of people who were being threatened by landlords, landlords, who actually had no mortgage to pay. And I had to wonder at that point, what is the input of the rentier class by the landowning class who are not necessarily part of the 1%. These are people who, as some of these people came on my wall and said, “I worked hard to buy my second and third houses!” And I thought, “Well, let me pull out my violins.” One thing that really alerted me during lockdown was the lack of sympathy for renters. And I don't just mean in the US, in fact, I think the US had a kinder response to renting in some sectors such as New York state where there has been—and still—is a massive pushback against any form of relaxation of rent forgiveness, since lockdown in the EU and Italy and France. It's appalling the kind of treatment that renters received here. I spoke to people in Bologna, who were doing a rent strike, but fearful of having their name mentioned. I ended up not being able to run the piece because of that. And there are so many people who don't have money to pay their rent in the EU, in the UK, and yet, we're somehow focusing oftentimes on these meta-critical analyses of the bigger corporations, the 1%. But where does the middle class fit into this, Michael, because I do have to wonder if maybe we should be heading towards the model I hold in my mind and heart is St. Ives in Cornwall, which about eight years ago set a moratorium saying no second homes in this city. Now, they didn't do it because of any allegiance to Marxism or socialism. They did it in part because of that, and because of a left-leaning politics, but mostly because they didn't want to have a ghost town that when the summer was over, you had very few people living in town. What are the answers to the rentier class that is also composed of people who consider themselves hard-working people who just want someone else to pay for their house, as one person on Twitter, put it.Michael Hudson: This is exactly the problem that is plaguing left wing politics, from Europe to America in the last fifty years.Julian Vigo: Exactly. It's astounding because there was a lot of debate on Twitter around last summer, when one woman wrote, I just did the math, I'm almost 29 years old, and I paid and she listed the amount in rent, I have just bought my landlord a second house. And people are adding it up that we are back to understanding. And I think in terms of the medieval period, remember in high school in the US when you study history, and you learn about feudalism, and the serfs coming in from far afield having to tend to the Masters terrain. And I think, are we heading back to a kind of feudalism under a new name? Because what's dividing those who can afford rents and those who can, it's not only your eligibility to receive a bank loan in this climate, which is quite toxic in London. I know many architects, lawyers, physicians who cannot get bank loans. Ironically, the bar is being raised so high that more and more people in London are moving on to the canal system—they're renting or buying narrowboats. The same is happening in other parts of the world where people are being barred out of home ownership for one reason or another and at the same time, there's a class of people often who got loans in a period when it was quite easy in the 80s and early 90s, let's say and they hold a certain control over who's paying—43% of income of Americans goes on housing. And as you know, in New York City that can be even higher. How can we arrive at a society where there's more equality between these haves and have-nots? Because it seems that the middle class is playing a role in this. They're trying to come off as being the hard-working schmoes, who have just earned their right to own their second or third homes, and then the others who will never have a foot on that ladder, especially given the crash?Michael Hudson: Well, I think you've put your finger on it. Most people think of economies being all about industry. But as you've just pointed out, for most people, the economy is real estate. And if you want to understand how modern economies work, you really should begin by looking at real estate, which is symbiotic with with banking, because as you pointed out that in a house is worth whatever a bank will lend. And in order to buy a house, unless you have an enormous amount of savings, which hardly anyone has, you'll borrow from a bank and buy the house. And the idea is to use the rent to pay the interest to the bank. And then you end up hoping late hoping with a capital gain, which is really land price gain. You borrow from the bank hoping that the Federal Reserve and the central bank or the Bank of England is going to inflate the economy and inflate asset prices and bank credit is going to push prices further and further up. As the rich get richer, they recycle the money in the banks and banks lend it to real estate. So, the more the economy is polarised between the 1% and the 99%, the more expensive houses get the more absentee landlords are able to buy the houses and outbid the homebuyers, who as you pointed out, can't get loans because they're already loaned up. If they can't get loans in England to buy a house, it's because they already owe so much money for other things. In America, it would be because they own student debt or because they own other bank loans, and they're all loaned up. So the key is people are being squeezed more than anywhere else on housing. In America, it rents care too and on related sort of monopoly goods that yield rent. Now the problem is why isn't this at the centre of politics?Is it because— and it's ironic that although most people in every country, Europe and America are still homeowners, or so they only own their own home—they would like to be rocky as a miniature? They would like to live like the billionaires live off the rents. They would like to be able to have enough money without working to get a free lunch and the economy of getting a free lunch. And so somehow, they don't vote for what's good for the wage earners. They vote for well, if I were to get richer, then I would want to own a house and I would want to get rent. So I'm going to vote in favour of the landlord class. I'm going to vote in favour of banks lending money to increase housing prices. Because I'd like to borrow money from a bank to get on this treadmill, that's going to be an automatic free lunch. Now, I not only get rent, but I'll get the rising price of the houses that prices continue to rise. So somehow, the idea of class interest, they don't think of themselves as wave generators, they think of themselves as somehow wouldn't be rentiers in miniature without reaising that you can't do it in miniature. You really have to have an enormous amount of money to be successful rentier.So no class consciousness means that the large real estate owners, the big corporations like Blackstone, that own huge amounts can sort of trot out a strapped, homeowner and individual, and they will sort of hide behind it and say, “Look at this, poor family, they use their money to buy a house, the sort of rise in the world, and now the tenants have COVID, and they can't pay the rent. Let's not bail out these, these landlords.” So even though they're not getting rent, we have to aid them. And think of them as little people, but they're not little people. They're a trillion dollar, money managers. They're huge companies that are taking over. And people somehow personify the billionaires and the trillion dollar real estate management companies as being small people just like themselves. There's a confusion about the economic identity.Julian Vigo: Well, certainly in the United States, we are known to have what's called the “American dream.” And it's, it's quite interesting when you start to analyse what that dream has morphed into, from the 1960s to the present, and I even think through popular culture. Remember Alexis, in Dynasty, this was the go-to model for success. So we've got this idea that the super rich are Dallas and Dynasty in the 80s. But 20 years after that, we were facing economic downfalls. We had American graduates having to go to graduate school because they couldn't get a job as anything but a barista. And the model of getting scholarships or fellowships, any kind of bursary to do the Masters and PhD. When I was doing my graduate work, I was lucky enough to have this, but that was quickly disappearing. A lot of my colleagues didn't have it. And I imagine when you went to school, most of your colleagues had it. And today, and in recent years, when I was teaching in academia, most of my students doing advanced degrees had zero funding. So, we've got on the one hand, the student debt, hamster wheel rolling, we have what is, to me one of the biggest human rights issues of the domestic sphere in countries like the US or Great Britain, frankly, everywhere is the ability to live without having to be exploited for the payment of rent. And then we have this class of people, whether they're Blackstone, and huge corporations, making billions, or the middle class saying, “But I'm just living out the American dream.” How do we square the “American dream,” and an era where class consciousness is more invisible than ever has it been?Michael Hudson: I think the only way you can explain that is to show how different life was back in the 1960s, 1950s. When I went to school, and the college, NYU cost $500 a semester, instead of 50,000, that the price of college has gone up 100 times since I went to college—100 times. I rented a house in a block from NYU at $35 a month on Sullivan Street. And now that same small apartment would go for 100 times that much, $3,500 a month, which is a little below the average rent in Manhattan these days. So, you've had these enormous increases in the cost of getting an education, they cost of rent, and in a society where housing was a public utility, and education was a public utility, education would be provided freely. If the economy wanted to keep down housing prices, as they do in China for instance, then you would be able to work if the kind of wages that Americans are paid today and be able to save. The ideal of China or countries that want to compete industrially is to lower the cost of living so that you don't have to pay a very high wages to cover the inflated cost of housing, the cost of education.If you privatise education in America, and if you increase the housing prices, then either you're going to have to pay labor, much higher rates that will price it out of world markets, at least for industrial goods, or you'll have to squeeze budgets. So yes, people can pay for housing, and education, but they're not going to buy the goods and services they produce. And so and that's one of the reasons why America is not producing industrial manufacturers. It's importing it all abroad. So the result of this finance capitalism that we have the result of the rent squeeze, that you depict, and the result of voters not realising that this is economic suicide for them is that the economy is shrinking and leaving people basically out in the street. And of course, all of this is exacerbated by the COVID crisis right now. Where, right now you have, especially in New York City, many people are laid off, as in Europe, they're not getting an income. Well, if your job has been closed down as a result of COVID, in Germany, for instance, you're still given something like 80% of your normal salary, because they realise that they have to keep you solvent and living. In the United States, there's been a moratorium on rents, they realise that, well, if you've lost your job, you can't pay the rent. There's a moratorium on evictions, there's a moratorium on bank foreclosures on landlords that can't pay their mortgage to the bank, because their tenants are not paying rent. All of that is going to expire in February, that’s just in a few months.  So they're saying, “OK, in New York City, 50,000 tenants are going to be thrown out onto the street, thousands of homes are going to be foreclosed on.” All over the country, millions of Americans are going to be subject now to be evicted. You can see all of the Wall Street companies are raising private capital funds to say, “We're going to be waiting for all this housing to come onto the market. We're going to be waiting for all of these renovations to take place. We're going to swoop in and pick it up.” This is going to be the big grab bag that is going to shape the whole coming generation and do to America really what Margaret Thatcher did to England when she got rid of—when she shifted from housing, the council housing that you mentioned, was about half the population now dow to about 1/10 of the population today.Julian Vigo: This is what I wonder is not being circulated within the media more frequently. We know that major media is not...[laughts] They like to call themselves left-of-centre but they're neoliberal which I don't look at anything in the liberal, the neoliberal sphere, as “left.” I look at it as a sort of strain of conservatism, frankly. But when you were speaking about paying $35 a month for an apartment on Sullivan Street, get me a time machine! What year was that? Michael?Michael Hudson: That was 1962.Julian Vigo: 1962 And roughly, the minimum wage in New York was just over $1 an hour if I'm not mistaken.Michael Hudson: I don't remember. I was making I think my first job on Wall Street was 50 to $100. A year $100 a week.Julian Vigo: So yes, I looked it up because I was curious when you said 100 times certainly we see that. If the tuition at New York when and New York University when I left was $50,000 a year you were paying $500 a semester. This is incredible inflation.Michael Hudson: And I took out a student loan from the state because I wanted to buy economic books. I was studying the history of economic thought and so I borrowed, you know, I was able to take out a loan that I repaid in three years as I sort of moved up the ladder and got better paying jobs. But that was the Golden Age, the 1960s because in that generation there was the baby boom that just came online. There were jobs for everybody. There was a labor shortage. And everybody was trying to hire—anyone could get a job. I got to New York and I had $15 in my pocket in 1960. I'd shared a ride with someone, [I] didn't know what to do. We stayed in a sort of fleabag hotel on Bleecker Street that was torn down by the time you got there. But I,  took a walk around and who should I run into that Gerde's Folk City, but a friend of mine had stayed at my house in Chicago once and he let me stay at his apartment for a few weeks till I can look around, find a place to live and got the place for $35 a month,Julian Vigo: When there was that debate on Twitter—there were many debates actually about renting on Twitter—and there were a few landlords who took to Twitter angry that they learned that their renters had received subsidies in various countries to pay their rent. And instead of paying their rent, the people use this to up and buy a downpayment on a home. And they got very upset. And there was a bit of shadow on Friday there with people saying, “Well, it's exactly what you've done.” And I find this quite fascinating, because I've always said that the age of COVID has made a huge Xray of our society economically speaking. And it's also telling to me that in countries that I would assume to be more socialist leaning, if not socialist absolutely, in the EU, we saw very few movements against rent. Very few people or groups were calling for a moratorium on rent. It's ironic, but it was in the US where we saw more moratoria happen. What is happening where—and this reaches to larger issues, even outside of your specialty of economics and finance—but why on earth has it come to be that the left is looking a lot more like the right? And, don't shoot me, but you know, I've been watching some of Tucker Carlson over the past few years, someone who I could not stand after 9/11. And he has had more concern and more investigations of the poor and the working class than MSBC or Rachel Maddow in the biggest of hissy fits. What is going on politically that the valences of economic concern are shifting—and radically so?Michael Hudson: Well, the political situation in America is very different from every other country. In the Democratic Party, in order to run for a position, you have to spend most of your time raising money, and the party will support whatever candidates can raise the most money. And whoever raises the largest amount of money gets to be head of a congressional committee dealing with whatever it is their campaign donors give. So basically, the nomination of candidates in the United States, certainly in the Democratic Party, is based on how much money you can raise to finance your election campaign, because you're supposed to turn half of what you raised over to the party apparatus. Well, if you have to run for an office, and someone explained to me in in the sixties, if I wanted to go into politics, I had to find someone to back up my campaign. And they said, “Well, you have to go to the oil industry or the tobacco industry.”And you go to these people and say, “Will you back my campaign?” And they say, Well, sure, what's your position going to be on on smoking on oil and the the tax position on oil, go to the real estate interest, because all local politics and basically real estate promotion projects run by the local landlords and you go to the real estate people and you say, “Okay, I'm going to make sure that we have public improvements that will make your land more valuable, but you won't have to pay taxes on them.” So, if you have people running for office, proportional to the money they can make by the special interests, that means that all the politicians here are representing the special interests that pay them and their job as politicians is to deliver a constituency to their campaign contributors. And so the campaign contributors are going to say, “Well, here's somebody who could make it appear as if they're supporting their particular constituency.” And so ever since the 60s, certainly in America, the parties divided Americans into Irish Americans, Italian Americans, black Americans, Hispanic Americans. They will have all sorts of identity politics that they will run politicians on. But there's one identity that they don't have—and that's the identity of being a wage earner. That's the common identity that all these hyphenated Americans have in common. They all have to work for a living and get wages, they're all subject to, they have to get housing, they have to get more and more bank credit, if they want to buy housing so that all of the added income they get is paid to the banks as mortgage interest to get a home that used to be much less expensive for them. So basically, all of the increase in national income ends up being paid to the campaign contributors, the real estate contributors, the oil industry, the tobacco industry, the pharmaceuticals industry, that back the politicians. And essentially, you have politics for sale in the United States. So we're really not in a democracy anymore—we're in an oligarchy. And people don't realise that without changing this, this consciousness, you're not going to have anything like the left-wing party.And so you have most Americans out wanting to be friendly with other Americans, you know, why can't everybody just compromise and be in the centre? Well, there's no such thing as a centrist. Because you'll have an economy that's polarising, you have the 1% getting richer and richer and richer by getting the 99% further and further in debt. So the 99% are getting poorer and poor after paying their debts. And to be in the centre to say, and to be say, only changes should be marginal, that means—a centrist is someone who lets this continue. With that we're not going to make a structural change, that's radical, we're not going to change the dynamic that is polarising the economy, between creditors at the top and debtors is at the bottom, between landlords at the top and renters at the bottom between monopolists and the top and the consumers who have to pay monopoly prices for pharmaceuticals, for cable TV, for almost everything they get. And none of this is taught in the economics courses. Because you take an  economics course, they say, “There's no such thing as unearned income. Everybody earns whatever they can get.” And the American consciousness is shaped by this failure to distinguish between earned income and unearned income and a failure to see that dynamic is impoverishing them. It's like the proverbial frog that's been boiled slowly in water. So, with this false consciousness people have—if only they can save enough and borrow from a bank—they can become a rentier in Miniature. They're just tricked into a false dream.Intermission: You're listening to savage minds, and we hope you're enjoying the show. Please consider subscribing. We don't accept any money from corporate or commercial sponsors. And we depend upon listeners and readers just like you. Now back to our show.Julian Vigo: I don't know if you saw the movie called Queen of Versailles. It was about this very bizarre effort to construct a very ugly Las Vegas-style type of Versailles by a couple that was economically failing. And it spoke to me a lot about the failings of the quote unquote, “American dream.” And I don't mean that dream, per se. I mean, the aspiration to have the dream, because that is, as you just pointed out, unearned income, that is the elephant in the room. And it almost seems to be the elephant maybe to keep using that metaphor, that the blind Sufi tale: everyone's feeling a different part of it, but no one is naming it. And I find this really shocking, that we can't speak of unearned income and look at the differences as to which country's tax inheritance and which do not—this idea that one is entitled to wealth. Meanwhile, a lot of US institutions are academically, now formally, being captured by the identity lobbies and there are many lobbies out there—it's a gift to them. They don't have to work on the minimum wage, they don't have to work on public housing, they don't have to work on housing.They can just worry about, “Do we have enough pronoun badges printed out?” And I find this really daunting as someone who is firmly of the left and who has seen some kind of recognition have this problem bizarrely, from the right. We seem to have a blind spot where we're more caught up in how people see us, rather than the material reality upon which unearned and earned income is based. Why is it that today people are living far worse than their grandparents and parents especially?Michael Hudson: Well, I think we've been talking about that, because they have to pay expenses as their parents and grandparents didn't have to pay, they have to pay much higher rent. Everybody used to be able to afford to buy a house, that was the definition of “middle class” in America was to be a homeowner. And when I was growing up in the 50s and 60s, everybody on the salary they were getting could afford to buy their house. And that's why so many people bought the houses with working class sell rates. As I told you, I was getting $100 a week. At least if you were quiet you could do it. If you were black, you couldn't do it. The blacks were redlined. But the white people could buy the houses. And that's why today, the white population has so much more wealth than the black population, because the white families would leave the house to the children and housing prices have gone up 100 times. And because they've gone up 100 times, this is endowed with a whole white hereditary class of kids whose family own their own homes, send them to schools. But America was redlined. Now Chicago was redlined, blacks were redlined. In New York City, the banks would not lend money to black neighbourhoods or to black borrowers. I was at Chase Manhattan and they made it very clear: they will not make a loan to a mortgage if they're black people living in my block. And they told me that when I was on Second Street and Avenue B. I won't repeat the epithet racist epithets they used. But what has caused the racial disparity today is what we've been talking about: the fact that whites could buy their own homes, blacks could not.And the reason I'm bringing this up is that if—we're working toward a society where white people are now going to be reduced to the position that black people are in today: of not having their own homes, of not being able to get bank credit. One friend of mine at the Hudson Institute, a black economist, wanted to—we were thinking of cowriting a book, The Blackening of America. The state of, well, the future of the whites, is to become blacks if you don't solve this situation. And I've been unable to convince many black leaders about reparations—that the reparations, very hard to get reparations for slavery, which was to their grandparents, their reparations are due to the blacks today who do not have housing, their own homes, because of the redlining that they have been experiencing right down to today.So, you have this, you do have a separation in this country. But this is not the kind of hyphenated politics that the politicians talk about. Not even the black politicians, the fact that if you're going to hyphenated American, how did this hyphenisation affect the real opportunities for real estate, for homeownership, for education, and all of these other things. I think maybe if people begin to think as to how there is a convergence of what was diverging before—now you're having the middle class pushed down into its real identity which was a dependent wage-earning class all along—you're going to have a change of consciousness. But we're still not to that. People don't realise this difference.And at the top of the pyramid, at New York University, for instance, where we both went to school, I have professor friends there and there was recently an argument about getting more salaries for professors, because they're hiring adjunct professors at very low prices instead of appointing them full time. And one professor turned to my friend and said, “They’re treating us like wage earners.” And my friend said, “Yes, you are a wage earner. You’re dependent on the wage you get from New York University.” And he said, “But I’m a professor,” as if somehow being a professor doesn't mean that you're not a wage earner, you're not dependent on salary, you're not being exploited by your employer who's in it to make money at your expense.Julian Vigo: Oh, absolutely. We've got the push from NYU in the 1990s by adjunct professors to get health insurance, and to have a certain modicum of earnings that would allow them to pay rent in an extremely expensive city. I find it amazing how many of my students at the time had no idea how much I was being exploited at the time, I was at lunch after the graduation of two of my students, they invited me to lunch, and they were having a discussion about how well we must be paid. And I laughed. I didn't go into the details of my salary. But later in later years, they came to understand from other sources, how exploitation functions within the university where they were paying almost quarter of a million to go to school, and graduate school, and so forth. So it's quite shocking that even though we have the internet and all the information is there, anyone can see precisely how much NYU or Columbia cost today, or how much the cost of living is, as opposed to 1961, for instance, that people are still not putting together that when you have housing, that is like income. For most of us, if housing is affordable, the way one lives, the efficiency to live, the ease, the mental health, and physical health improves. And it's fascinating to me that during lockdown, people were told, just to bite the bullet, stay inside, and how many publications, how much of the media went out to discover the many people being locked down in extremely small hovels? Multiple families living in three bedroom houses, even smaller. And I just kept thinking throughout these past 20 months or so that the media has become complicit in everything you've discussed, we've seen an extra tack added on where the media is another arm of industry and the 1% they are able sell lockdown stories: stars singing, Spaniards singing, accordionists from Neapolitan balconies, everyone's happy. But that was a lie. And that was a lie being sold conveniently.I regularly post stories from CNN, where their recent yacht story—they love yachts—their recent yacht story from about five or six days ago was how the super-rich are “saving” the world's ecology. And it was a paid advertisement of a very expensive yacht that uses nuclear power, what you and I hope: that all the rich people are running around with little mini nuclear reactors on the seas. And I keep thinking: what has happened that you mentioned campaign financing? Remember what happened to Hillary Clinton when she suggested campaign finance reform? That went over like a lead balloon. And then we've got CNN, Forbes, all these major publications that run paid sponsored news articles as news. It's all paid for, they legally have to see it as but you have to find the fine print. And we're being sold the 1% as the class that's going to save the planet with this very bizarre looking yacht with a big ball on it. And another another CNN article about yacht owners was about how it's hard for them to pay for maintenance or something and  we're pulling out our tiny violins.And I keep wondering, why is the media pushing on this? We can see where MSNBC and CNN and USA today are heading in a lot of their coverage over class issues. They would much rather cover Felicity Huffman, and all those other stars’ children's cheating to get into a California University scandal which is itself its own scandal, of course. That gets so covered, but you rarely see class issues in any of these publications unless it refers to the favelas of Brazil or the shanty towns of Delhi. So, we're sold: poverty isn't here, it's over there. And over here, mask mandates, lock up, shut your doors stay inside do your part clap for the cares and class has been cleared. Cut out. Even in the UK, where class consciousness has a much more deeply ingrained fermentation, let's say within the culture, it's gone. Now the BBC. Similarly, nightly videos at the initial part of lockdown with people clapping for the cares. Little was said about the salaries that some of these carriers were getting, I don't mean just junior doctors there, but the people who are cleaning the hallways. So, our attention has been pushed by the media away from class, not just the politicians doing the dirty work, or not just the nasty finance campaign funding that is well known in the US. What are some of the responses to this, Michael, that we might advance some solutions here? Because my worry, as a person living on this planet is enough is enough: Why can't we just try a new system? Is it that the fall of the Berlin Wall left a permanent divide in terms of what we can experiment with? Or is there something else at play?Michael Hudson: Well, recently, Ukraine passed a law about oligarchs, and they define an oligarchy as not only owning a big company, but also owning one of the big media outlets. And the oligarchy in every country owns the media. So, of course, CNN, and The New York Times and The Washington Post, are owned by the billionaire class representing the real estate interests and the rentier interests. They're essentially the indoctrination agencies. And so of course, in the media, what you get is a combination of a fantasy world and Schadenfreude—Schadenfreude, when something goes wrong with people you don't like, like the scandal. But apart from that, it's promoting a fantasy, about a kind of parallel universe about how a nice world would work, if everybody earned the money that they had, and the wealth they had by being productive and helping society. All of a sudden, that's reversed and [they] say, “Well, they made a lot of fortune, they must have made it by being productive and helping society.” So, everybody deserves the celebrity, deserves the wealth they have. And if you don't have wealth, you're undeserving and you haven't made a productivity contribution. And all you need is to be more educated, managerial and intelligent, and you can do it. And it doesn't have anything to do with intelligence. As soon as you inherit a lot of money, your intelligence, your IQ drops 10%. As soon as you don't have to work for a living and just clip coupons, you write us down another 30%. The stupidest people I've met in my life are millionaires who don't want to think about how they get their money. They just, they're just greedy. And I was told 50 years ago, “You don't need to go to business school to learn how to do business. All you need is greed.” So what are all these business schools for? All they're doing is saying greed is good and giving you a patter talk to say, “Well, yeah, sure, I'm greedy. But that's why I'm productive.” And somehow they conflate all of these ideas.So, you have the media, and the educational system, all sort of combined into a fantasy, a fantasy world that is to displace your own consciousness about what's happening right around you. The idea of the media is that you don't look at your own position, you imagine other people's position in another world and see that you're somehow left out. So, you can say that the working class in America are very much like the teenage girls using Facebook, who use it and they have a bad self image once they use Facebook and think everybody else is doing better. That's the story in Congress this week. Well, you can say that the whole wage earning class once they actually see how awful the situation is they think, “Well, gee, other people are getting rich. Other people have yard spots, why don't I have my own house? Why am I struggling?” And they think that they're only struggling alone, and that everybody else is somehow surviving when other people are struggling just the way they are. That's what we call losing class consciousness.Julian Vigo: Yes, well, we're back to Crystal and Alexis wrestling and Dynasty’s fountain. Everyone wants to be like them. Everyone wants a car. You know, I'll never forget when I lived in Mexico City. One of the first things I learned when you jumped into one of those taxis were Volkswagen beetles,  Mexicans would call their driver “Jaime.” And I said to them, why are you guys calling the taxi drivers here “Jaime”? And they said, “We get it from you.” And I said, “What do you mean you get it from us? We don't call our taxi drivers Jaime.”And then I thought and I paused, I said,  “James!” Remember the Grey Poupon commercials? That's what we do—we have James as the driver in a lot of these films that we produced in the 1970s and 80s. And the idea became co-opted within Mexico as if everyone has a British driver named James.Now, what we have turned into from this serialised, filmic version of ourselves to the present is dystopic. Again, you talked about the percentage of rent that people are paying in the US, the way in which people are living quite worse than their parents. And this is related to student debt, bank debt, credit card debt, we've had scandals directly related to the housing market. We saw that when there were people to be bailed out, they had to be of the wealthy class and companies to be bailed out. There was no bailout for the poor, of course. I was in London during the Occupy Wall Street. In London, it was “occupy the London Stock Exchange” (Occupy LSX) right outside of not even the London Stock Exchange. It was outside of St. Paul's Cathedral. And there was a tent city, and people were fighting ideological warfare from within their tents. There wasn't much organising on the ground. It was disassembled months later. But I wonder why Americans, even with what is called Obamacare, are still not pushing for further measures, why Hillary Clinton's push for or suggestion merely of finance reform within the campaigning system, all of this has sort of been pushed aside.Are there actors who are able to advance these issues within our current political system in the United States? Or will it take people getting on the streets protesting, to get housing lowered to maybe have national rent controls, not just of the form that we have in New York, which, before I got to New York in the late 80s, everyone was telling me how great rent control was. Now it's all but disappeared? What is the answer? Is it the expropriation of houses? Is it the Cornwall style, no owning more than one house type of moratorium on homeownership? What are the solutions to this, Michael?Michael Hudson: There is no practical solution that I can suggest. Because the, you're not going to have universal medical care, as long as you have the pharmaceuticals. funding the campaign's of the leading politicians, as long as you have a political system that is funded by campaign contributors, you're going to have the wealthiest classes, and decide who gets nominated and who gets promoted. So, I don't see any line of reform, given the dysfunctional political system that the United States is in. If this were Europe, we could have a third party. And if we had an actual third party, the democratic party would sort of be like the social democratic parties in Europe, it would fall about 8% of the electorate, and a third party would completely take over. But in America, it's a two-party system, which is really one party with different constituencies for each wing of that party, and that one party, the same campaign contributors funds, both the Republicans and the Democrats. So it's possible that you can think of America as a failed state, as a failed economy. I don't see any means of practical going forward, just as you're seeing in the Congress today, when they're unwilling to pass an infrastructure act, there's a paralysis of change. I don't see any way in which a structural change can take place. And if you're having the dynamics that are polarising, only a structural change can reverse this trend. And nobody that I know, no politician that I know, sees any way of the trends being reversed.Julian Vigo: The funny thing is that scandal, quote-unquote, scandal over Ocasio Cortez's dress at the Met Gala was quite performative to me. It's typical that the media does. “Tax the rich,” as she sits at a function that I believe cost $35,000 to enter. And she socialised the entire night even if she allegedly did not pay either for her dress nor for the entrance. And I'm thinking, isn't this part of the problem: that we have so much of our socio-cultural discourse wrapped up in politics in the same way that Clinton's suggestion that campaign finance reform disappeared quite quickly? Is there any hope of getting campaign finance reform passed in the States?Michael Hudson: No. Because if you had campaign finance reform, that's how the wealthy people control politics. If you didn't, if you didn't have the wealthy, wealthy people deciding who gets nominated, you would have people get nominated by who wanted to do what the public ones, Bernie Sanders says, “Look, most of them are all the polls show that what democracy, if this were a democracy, we would have socialised medicine, we'd have public health care, we would have free education, we would have progressive taxation.” And yet no party is representing what the bulk of people have. So by definition, we're not a democracy. We're an oligarchy, and the oligarchy controls. I mean, you could say that the media play the role today that the church and religion played in the past to divert attention away from worldly issues towards other worldly issues. That's part of the problem.But not only the pharmaceutical industries are against public health care, but the whole corporate sector, the employer sector, are against socialised medicine, because right now workers are dependent for their health insurance on their employers. That means Alan Greenspan, the Federal Reserve Chairman said, this is causing a traumatised workers syndrome, the workers are afraid to quit, they're afraid to go on strike. They're afraid of getting fired because if they get fired, first of all, if they're a homeowner they lose their home because they can't pay their mortgage, but most importantly, they lose their health care. And if they get sick, it wipes them out. And they go broke and they lose their home and all the assets.Making workers depend on the employer, instead of on the government means you're locked into their job. They have to work for a living for an employer, just in order to survive in terms of health care alone. So the idea of the system is to degrade a dependent, wage-earning class and keeping privatising health care, privatising education, and moving towards absentee landlordship is the way to traumatise and keep a population on the road to serfdom. Get full access to Savage Minds at savageminds.substack.com/subscribe

John Rubino, Michael Oliver and Dr. Quinton Hennigh return. David Stockman had a last minute conflict with the timing of his interview with us, so John Rubino will be replacing him on today's program, but we will ask for John's comments on David Stockman's article. Don't believe your eyes! The U.S. border is closed. America's exit from Afghanistan has made America safer. The $3.5 trillion stimulus program will cost nothing. The Federal Reserve can simply create dollars from computer keystrokes! David recently wrote an article titled “Washington Idiots at Work.” He suggested low IQs of elected officials in Washington are to blame for America's obviously economic decline. There is reason to believe that policies put into effect like those at the border, or the Afghanistan withdrawal, or the $5+ trillion zero cost “social infrastructure” bill proposed by the Biden Administration, are a scam no less than a game of Three Card Monte on the streets of New York City. Regardless of whether policies leading to the social and economic decline of America are intentional, like that of a Three Card Monte game, or as David suggests, a product of dim-witted elected officials, the results are the same. Michael will objectively share with us how his structural and momentum analysis is grading key financial markets and Quinton will update us what is an emerging high-grade, large-scale alkaline gold project being moved forward by Lion One Metals.

As the coronavirus pandemic threatened to crash the global economy, the American central bank, the Federal Reserve stepped in, opened the taps, and saturated the other banks and nations of the world in US Dollars.  Our guest Adam Tooze's brilliant new book, Shutdown explains how it was done and looks at what might happen next. Tooze shows how lessons were learned from the austere response to the financial meltdown of 2008 and a different course was taken. 

October 8, 2021 Welcome to a very special episode of the Tim and John show. Today we had the honor of sitting down with the great G Edward Griffin, author of The Creature from Jekyll Island, and Grandfather to the Red Pill movement. With 90 years of wisdom under his belt, Mr G Edward Griffin is responsible for waking up millions of people to the false Left Right paradigm, and the evils of the Federal Reserve system. In this show, Tim and John cover a wide array of topics with Mr Griffin such as: The Great Reset, Inflation, CBDC's, Supply Chain issues, Red Pill Expo, and several other topics.  Make sure to subscribe to our email list at Timandjohnshow.com for all the latest episodes and to get the full cut version of this special show.   https://linktr.ee/TimAndJohnShow Join Our email list at bit.ly/timjohnemail To learn more about John Sneisen's work please go to https://theeconomictruth.org/ Join the conversation in Tim and John's Discord community: https://discord.gg/vkxUkqg Itunes: https://bit.ly/libertyadvisor Podcasts: https://libertarianadvisor.podbean.com/ Livestreams: https://flote.app/TheLibertyadvisor You can find us on other content platforms by following the link below https://thelibertyadvisorshow.com/showlinks/ Learn more about Tim's services: www.thelibertyadvisor.com Free 15 min Investing Consultation www.bit.ly/booktimp Subscribe to our emergency text list and receive a free ebook “How it's Rigged – The Economy” Text LibertyAdvisor (one word, no spaces) to 71441

Unleashed Jeremy Hanson 10/11/21 New report by Bloomberg and Federal Reserve states that for the first time in recorded history the top 1% of elitists in America own more than the combined wealth of the entire American middle class!! Attorney General Merrick Garland has DOJ and FBI label American mothers and fathers domestic terrorists protecting his son who owns a business called Panorama selling Critical Race Theory curriculums to over 13 million American students, enriching the Garland family!! Democrat political analyst David Shor says Democrat party has became to elite to exclusive and intolerant of the American worker and American families, Unleashed Jeremy Hanson says its not Democrats its the whole US government!! This and more on Unleashed Jeremy Hanson!

Scott Sumner is David's colleague and the Ralph G. Hawtrey Chair of Monetary Policy at the Mercatus Center. Scott is also a returning guest to the podcast and joins David on Macro Musings to discuss his new book, The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy. Specifically, David and Scott discuss common misconceptions about the 2008-09 Recession, why bubble narratives too often miss the mark when explaining rising asset prices, whether the Fed's adoption of average inflation targeting signals that it is moving toward a level target, and much more.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Scott's Twitter: @ScottSumnerTMI Scott's blog: https://www.themoneyillusion.com/ Scott's Mercatus profile: https://www.mercatus.org/scholars/scott-sumner   Related Links:   *The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy* By Scott Sumner https://www.mercatus.org/publications/monetary-policy/money-illusion-market-monetarism-great-recession-and-future-monetary   *Eight Centuries of Global Real Interest Rates, R-G, and the ‘Suprasecular' Decline, 1311–2018* by Paul Schmelzing https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3485734   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

Murray Sabrin, who taught finance at Ramapo College for 35 years, has a brand new book answering this question: since Austrian School economists know that Federal Reserve interventions cause the boom-bust cycle, how should businesses make sensible decisions with all the Fed's white noise in the background? Sponsor: Dröm, the values-based dating app. Sign up for free at , and use code woods.

In the second of a two part series, we learn how science and adaptation planning work to help the Coskata-Coatue Haulover Wildlife Refuge on Nantucket Island adapt to climate change. The podcast is joined by The Trustees of Reservations, a coastal conservation group in Massachusetts, and the Nantucket Conservation Foundation to learn how they are managing the refuge for future climate impacts. Experts discuss: the ecology of the refuge; collaborating with local community members on adaptation planning; evolving their conservation strategies to integrate adaptation and why they are hopeful for the future of the refuge.  Don't forget to listen to the first episode in the series! Guests in this episode: Karen Beattie: Director of Science and Stewardship at the Nantucket Conservation Foundation Shea Fee: Southeast Coastal Ecologist for the Trustees of Reservations. Cecil Barron Jensen: Executive Director of ReMain Nantucket and the primary sponsor of the Envision Resilience Nantucket Jennifer Karberg: Research and Program Supervisor at the Nantucket Conservation Foundation Cormac Collier, President of the Nantucket Conservation Foundation Tom O'Shea, Director of Coast and Natural Resources, The Trustees of Reservations. This episode was funded by The Trustees of Reservations and the Nantucket Conservation Foundation through an anonymous donor. Subscribe to the America Adapts Newsletter! Donate to America Adapts Listen to America Adapts on your favorite app here! Doug Parsons and Speaking Opportunities: If you are interested in having Doug speak at corporate and conference events, sharing his unique, expert perspective on adaptation in an entertaining and informative way, more information can be found here! Now on Spotify! List of Previous Guests on America Adapts Subscribe/listen to podcast on Apple Podcasts. Donate to America Adapts, we are now a tax deductible charitable organization! Facebook and Twitter: @usaadapts https://www.facebook.com/americaadapts/timeline www.americaadapts.org https://www.facebook.com/thetrustees @thetrustees https://www.instagram.com/thetrustees/ @ackconservation Links in this episode: https://www.onthecoast.thetrustees.org/a-focus-on-our-most-vulnerable-places http://www.thetrustees.org/ https://www.whoi.edu/who-we-are/about-us/leadership/message-from-the-deputy-director-and-https://www.nantucketconservation.org/ Part 1 in this two part series: https://www.americaadapts.org/episodes/2021/7/19/nantucket-island-a-short-ecological-and-cultural-history-and-how-its-adapting-to-climate-change-episode-1 The town of Nantucket just released their draft coastal resilience plan located here: https://www.nantucket-ma.gov/DocumentCenter/View/40278/Nantucket-Coastal-Resilience-Plan---Draft-for-review-PDF The Trustees State of the Coast report here: https://www.onthecoast.thetrustees.org/soc-islands America Adapts was published in the Federal Reserve!Federal Reserve Bank of San Francisco Strategies to Address Climate Change Risk in Low- and Moderate-income Communities - Volume 14, Issue 1 https://www.frbsf.org/community-development/publications/community-development-investment-review/2019/october/strategies-to-address-climate-change-low-moderate-income-communities/ Article on using podcasts in the Classroom: https://naaee.org/eepro/blog/are-you-using-podcast-your-classroom-you Subscribe to America Adapts on Apple Podcasts https://itunes.apple.com/us/podcast/america-adapts-climate-change/id1133023095?mt=2 Listen here. On Google Podcast here. Please share on Facebook! Podcasts in the Classroom – Discussion guides now available for the latest episode of America Adapts. These guides can be used by educators at all levels. Check them out here! The best climate change podcasts on The Climate Advisor http://theclimateadvisor.com/the-best-climate-change-podcasts/ 7 podcasts to learn more about climate change and how to fight it https://kinder.world/articles/you/7-podcasts-to-learn-more-about-climate-change-and-how-to-fight-it-19813 Directions on how to listen to America Adapts on Amazon Alexa https://youtu.be/949R8CRpUYU America Adapts also has its own app for your listening pleasure!  Just visit the App store on Apple or Google Podcast on Android and search “America Adapts.” Join the climate change adaptation movement by supporting America Adapts!  Please consider supporting this podcast by donating through America Adapts fiscal sponsor, the Social Good Fund. All donations are now tax deductible!  For more information on this podcast, visit the website at http://www.americaadapts.org and don't forget to subscribe to this podcast on Apple Podcasts.   Sign up to be a guest on Cimpatico Studios! Check out what Cimpatico is all about! https://www.cimpatico.com/about https://cimpatico.com/dougparsons Podcast Music produce by Richard Haitz Productions Write a review on Apple Podcasts! America Adapts on Facebook!   Join the America Adapts Facebook Community Group. Check us out, we're also on YouTube! Producer Dan Ackerstein Subscribe to America Adapts on Apple Podcasts Doug can be contacted at americaadapts @ g mail . com

Dick Bove is the chief strategist at Odeon Capital Group and covers the bank sector. He is among the most prominent bank industry analysts in the US, often controversial, with a keen and practical sense of history and of events that are often translated into his analysis. Bove attended Stuyvesant High, N.Y., and is a graduate of Columbia University, 1962, majoring in political science. Bove began his career in 1965, working for a series of firms including Wertheim, Shearson, Raymond James, Hoefer & Arnett and Punk Ziegel, before it was purchased by Ladenburg Thalmann. Later, Bove joined Rochdale Securities and then eventually moved to Odeon Capital. A widely quoted analyst with some five decades of experience behind him, Bove relies on common sense and macroeconomic trends to forecast markets. He appears regularly on business shows on TV and radio, and is frequently cited in media coverage of Wall Street. Bove is the author of Guardians of Prosperity: Why America Needs Big Banks (December 26, 2013) Website: https://www.odeoncap.com/ --- Support this podcast: https://anchor.fm/john-aidan-byrne0/support

Economic data and the job market keep rebutting the official narrative inflation is transitory. Albert Lu, founder and CEO of Luma Financial, argues higher inflation is coming as the Federal Reserve's usual tools become ineffective. In our weekly sponsor segment with Inventa Capital, president and CEO of Tarachi Gold (CSE: TRG), Cameron Tymstra, celebrates the high-grade assay results from the firm's Magistral gold project in Mexico and explains the next steps toward commercial production. Show notes: https://goldnewsletter.com/podcast/how-fed-downplayed-concealed-inflation/

An unprecedent increase in household wealth from housing, stocks and cryptocurrencies may have structurally changed the US labor market. The Fed, assuming no structural change, may be running the economy much hotter than they realize. A reading, by Emil Kalinowski.----------WHO----------Joseph Wang spent five years as the senior trader on the open markets desk at the Federal Reserve. Read by Emil Kalinowski. Art by David Parkins. Intro/outro is "Deadlines" by Dylan Sitts at Epidemic Sound.----------WHAT----------Wealth (Side)Effects: https://bit.ly/3ml5CVS----------WHERE----------Joseph's Blog: https://fedguy.com/Joseph's Twitter: https://twitter.com/FedGuy12Emil's Twitter: https://twitter.com/EmilKalinowskiDavid's Art: https://davidparkins.com/---------HEAR IT----------Vurbl: https://bit.ly/3rq4dPn Apple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgBreaker: https://bit.ly/2CpHAFOCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39Xjr

Episode Description:  In today's BetterWealth episode, I am joined by Dan Kaminski, head of operations, as we discuss the Overnight Reverse Repurchase Agreement Program which is creating a money market program for Banks. Essentially, this program allows banks to store money when they don't want to accrue loss in the market. In this episode we look at how banks are currently sticking money in this program like never before with a current 1.3 trillion dollars. Join us as Dan and I explore why this might be happening! #BETTERWEALTH For more information on BetterWealth or the content you hear on the Podcast visit us at http://www.betterwealth.com/podcast (www.betterwealth.com/podcast). Episode Links & Resources:  Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations https://fred.stlouisfed.org/series/RRPONTSYD/ (https://fred.stlouisfed.org/series/RRPONTSYD/) 

While the Federal Reserve stopped just short of tightening policy in its September meeting, its first move is expected later this year. How could it affect today's elevated inflation rate? Are interest rate hikes soon to follow – or still a distant worry? Listen and learn what you need to know as a bond investor. Related: The long unwinding road: Our take on Fed tapering and inflation  For industry-leading insights, support tools and more, subscribe to Capital Ideas at getcapitalideas.com. The Capital Ideas website is not intended for use outside the U.S. In Canada visit capitalgroup.com/ca for Capital Group insights.

In this episode Nathan brings on Jason to talk about vaccine passports, the Federal Reserve and their love for printing the dollar bill out if existence, some conspiracy theories, and why trust in government and media is at an all-time low.Start a Roth IRA Today using the M1 Finance App: https://m1.finance/DZKvafAW-Te-Join the Stocks and Stand Up Discord Server: https://discord.gg/ynBAcZZ5Support the show (https://www.patreon.com/stocksandstandup)

After controversy over ethics and stock trading arose, two regional Federal Reserve presidents announced their resignations late last month. Their departures leave two senior leadership positions open and a chance for the Fed to regain trust. Fed Chair Jerome Powell has expressed support for diversifying the regional banks, but the final selection process remains opaque. Later in the show: Coal production struggles to keep up with demand, Germany’s small to mid-size businesses voice their hopes for a new government and the Catch-22 of climate-impact rules and infrastructure updates.

After controversy over ethics and stock trading arose, two regional Federal Reserve presidents announced their resignations late last month. Their departures leave two senior leadership positions open and a chance for the Fed to regain trust. Fed Chair Jerome Powell has expressed support for diversifying the regional banks, but the final selection process remains opaque. Later in the show: Coal production struggles to keep up with demand, Germany’s small to mid-size businesses voice their hopes for a new government and the Catch-22 of climate-impact rules and infrastructure updates.

TOPICS by TIMECODE5:21 A medical doctor, obstetrician and former abortionist, talks about what it was like to work for Planned Parenthood part-time — delivering and saving babies one day, destroying them the next.  The cognitive dissonance (that she overcame) is a picture of what the medical community has become in its transformation to the COVID Industrial Complex16:38 DEATH PANELS for UNVAXED: Kidney Donor & Dying Patient Transplant Blocked. Woman in stage 5 renal failure whose friend would donate a kidney to save her life is denied life-saving transplant operation because she refuses TrumpShot on sincerely held religious grounds.40:50 Defense Department funded Merck's new PATENTED pill with $29 MILLION grant.  It will now be sold back to govt at 40 TIMES what it cost to make — COVID Industrial Complex47:51 Vax Conspiracy: “Blow Up The System” in “Disruptive”, “Iterative” Way. October 2019 — Milken Institute Health Summit — Fauci & others talk about how they can “blow up the system”, get “everyone to take vaccine that's untested”, speed up their “flu vaccine” from 10+ yrs of testing to just months in a “disruptive” & “iterative” way58:55 Lindsey Graham: A One-Man Propaganda Machine for Vaccination. WATCH Lindsey Graham's MASTER CLASS in deception. His political supporters aren't with him on vaccines but he and “conservative” media like Breitbart, Mark Levin, etc are pushing TrumpShots on the GOP base.1:05:32 Bill Maher has taken on the lunatic left but who will take on the lunatic right?1:06:48 Fauci spent MILLIONS to torture, dissect, murder beagle puppies, 6-8 months old.  It was absolutely unnecessary according to the FDA.  But what about the human babies to whom he and the FDA did the same thing to get “fresh, not frozen” human organs? 1:11:21 Gates 2010: “Digital Immunity Proof” Needed to Separate Vaxed from Recovered.  It was ALWAYS a plan1:14:19 Another vaccine adverse effect: Prion disease (Parkinson's, Alzheimers, and the rare Creutzfeldt–Jakob disease [CJD] the human form of mad cow disease)1:26:34 Listeners' letters.  EMS worker on hospital putting covid testing before heart attack treatment.  Newsom's vax mandate is NOT just for kids, it will soon be for teachers state-wide as LA has already implemented for teachers.  15 yr old dies of heart attack after being vaxed1:41:20 The “$TRILLION COIN” being pushed by the radical left MMT crowd.  It's illegal, fraudulent but with hyperinflation you might get one.2:03:22 Biden is coming after IRA's and escalating the death tax2:08:28  INTERVIEW: Biden's Stalinist, Literally, to Reorganize Economy.  Gard Goldsmith on the backgrounds and plans of the hardcore Marxist immigrant Biden wants as Comptroller of the Currency and her plans to enthrone Federal Reserve as central planner of infrastructure and the economy.  And, in the face of persecution of parents by Biden's DOJ/FBI, how do we reorganize education, healthcare and a new economy in grey, off-radar markets for liberty.  Follow Gard at @GardnerGoldsmith on FB & Gab, @GardGoldsmith on Twitter and at MRCTV.orgFind out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail:         David Knight         POB 1323         Elgin, TX 78621

TOPICS by TIMECODE   5:21 A medical doctor, obstetrician and former abortionist, talks about what it was like to work for Planned Parenthood part-time — delivering and saving babies one day, destroying them the next.  The cognitive dissonance (that she overcame) is a picture of what the medical community has become in its transformation to the COVID Industrial Complex 16:38 DEATH PANELS for UNVAXED: Kidney Donor & Dying Patient Transplant Blocked. Woman in stage 5 renal failure whose friend would donate a kidney to save her life is denied life-saving transplant operation because she refuses TrumpShot on sincerely held religious grounds. 40:50 Defense Department funded Merck's new PATENTED pill with $29 MILLION grant.  It will now be sold back to govt at 40 TIMES what it cost to make — COVID Industrial Complex 47:51 Vax Conspiracy: “Blow Up The System” in “Disruptive”, “Iterative” Way. October 2019 — Milken Institute Health Summit — Fauci & others talk about how they can “blow up the system”, get “everyone to take vaccine that's untested”, speed up their “flu vaccine” from 10+ yrs of testing to just months in a “disruptive” & “iterative” way 58:55 Lindsey Graham: A One-Man Propaganda Machine for Vaccination. WATCH Lindsey Graham's MASTER CLASS in deception. His political supporters aren't with him on vaccines but he and “conservative” media like Breitbart, Mark Levin, etc are pushing TrumpShots on the GOP base. 1:05:32 Bill Maher has taken on the lunatic left but who will take on the lunatic right? 1:06:48 Fauci spent MILLIONS to torture, dissect, murder beagle puppies, 6-8 months old.  It was absolutely unnecessary according to the FDA.  But what about the human babies to whom he and the FDA did the same thing to get “fresh, not frozen” human organs?  1:11:21 Gates 2010: “Digital Immunity Proof” Needed to Separate Vaxed from Recovered.  It was ALWAYS a plan 1:14:19 Another vaccine adverse effect: Prion disease (Parkinson's, Alzheimers, and the rare Creutzfeldt–Jakob disease [CJD] the human form of mad cow disease) 1:26:34 Listeners' letters.  EMS worker on hospital putting covid testing before heart attack treatment.  Newsom's vax mandate is NOT just for kids, it will soon be for teachers state-wide as LA has already implemented for teachers.  15 yr old dies of heart attack after being vaxed 1:41:20 The “$TRILLION COIN” being pushed by the radical left MMT crowd.  It's illegal, fraudulent but with hyperinflation you might get one. 2:03:22 Biden is coming after IRA's and escalating the death tax 2:08:28  INTERVIEW: Biden's Stalinist, Literally, to Reorganize Economy.  Gard Goldsmith on the backgrounds and plans of the hardcore Marxist immigrant Biden wants as Comptroller of the Currency and her plans to enthrone Federal Reserve as central planner of infrastructure and the economy.  And, in the face of persecution of parents by Biden's DOJ/FBI, how do we reorganize education, healthcare and a new economy in grey, off-radar markets for liberty.  Follow Gard at @GardnerGoldsmith on FB & Gab, @GardGoldsmith on Twitter and at MRCTV.org   Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation through Zelle: @DavidKnightShow@protonmail.com Cash App at:  $davidknightshow BTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail:          David Knight          POB 1323          Elgin, TX 78621

Andrew Horowitz, president of Horowitz & Company and fan-favorite guest, joins me to discuss the volatile market… and why you shouldn't worry about the debt ceiling debate. [0:46] He explains why investors need to pay attention to who has pricing power this earnings season… and why investors are losing confidence in the Federal Reserve. [4:10] Next, he shares how investors should position themselves for the risks in the market… why supply chains are being disrupted by COVID... and how complications in manufacturing and trucking could lead to an economic slowdown. [7:48] Andrew also gives his thoughts on the Fed's game plan going forward... why the coming “taper” may not mean what most investors think… and why the Fed can't simply print money forever.  [11:25] He urges investors to lean toward value stocks... reveals some names that could suffer as the economy reopens… and shares his favorite ideas right now. [18:10]  Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/     Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/   : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com

With the Chairman of the Federal Reserve walking back his comments that “inflation is transitory”, it's time to admit what most people already know to be true, that inflation is here to stay. Support this podcast

As of last week, the richest man in America is. . . Elon Musk. His company is overvalued by a factor of 200-fold. His only profit comes by regulatory credits. . . i.e., extortion from more honest car companies. How in the world did this guy's wealth increase from -25 billion to -200 billion in just a year- How are the economic policies of the U.S. government, the Federal Reserve, and the richest men in America impoverishing the nation, while enriching the richest 400 people in the country- We compare the new breed to the Henry Fords, Sam Waltons, and Rockefeller's of an earlier generation. --This program includes- --1. The World View in 5 Minutes with Adam McManus -Senator Paul vs. HHS Secretary Becerra on natural COVID immunity, Texas school shooting leads to 4 injuries, Demand that Cuban Protestant pastor be released from jail- --2. Generations with Kevin Swanson

The Federal Reserve is looking into the creation of a digital currency. We touch upon what a digital dollar would mean. A lawyer in Atlanta came up with an unusual solution to the debt-ceiling saga among lawmakers: A platinum coin with a Treasury-sanctioned value of $1 trillion that could be plopped into the Treasury’s bank account with the Fed. The Department of Justice has new measures to tackle cybersecurity.

The Federal Reserve is looking into the creation of a digital currency. We touch upon what a digital dollar would mean. A lawyer in Atlanta came up with an unusual solution to the debt-ceiling saga among lawmakers: A platinum coin with a Treasury-sanctioned value of $1 trillion that could be plopped into the Treasury’s bank account with the Fed. The Department of Justice has new measures to tackle cybersecurity.

You’ve heard about bitcoin and other cryptocurrencies, but how are they different from a digital dollar? On this Whaddya Wanna Know Wednesday, we’ll discuss the benefits and drawbacks of a digital dollar as the Federal Reserve ponders making its own digital currency. Plus, we’ll explain the economics behind robocalls and vaccine mandates. And we get an email from a listener and her cats who want to know what’s up with pet food shortages. Here’s everything we talked about today: “What exactly is a digital dollar, and how would it work?” from Popular Science “China’s digital yuan is a warning to the world” from Wired “Tired of robocalls? The FCC is stillllll trying to stop them” from “Marketplace Tech” “THE ANNOYANCE ENGINE: Spam robocalls became profitable scams by exploiting the phone system, but you can stop them” from Business Insider “Fact check: Workers fired for refusing a vaccine are unlikely to qualify for unemployment” from USA Today “Half of unvaccinated workers say they'd rather quit than get a shot – but real-world data suggest few are following through” from The Conversation The Pet Food Institute on the pet food supply challenges  Our show needs your voice! Tell us what you think of the show or ask a question for our hosts to answer! Send a voice memo or give us a call at 508-82-SMART (508-827-6278).

You’ve heard about bitcoin and other cryptocurrencies, but how are they different from a digital dollar? On this Whaddya Wanna Know Wednesday, we’ll discuss the benefits and drawbacks of a digital dollar as the Federal Reserve ponders making its own digital currency. Plus, we’ll explain the economics behind robocalls and vaccine mandates. And we get an email from a listener and her cats who want to know what’s up with pet food shortages. Here’s everything we talked about today: “What exactly is a digital dollar, and how would it work?” from Popular Science “China’s digital yuan is a warning to the world” from Wired “Tired of robocalls? The FCC is stillllll trying to stop them” from “Marketplace Tech” “THE ANNOYANCE ENGINE: Spam robocalls became profitable scams by exploiting the phone system, but you can stop them” from Business Insider “Fact check: Workers fired for refusing a vaccine are unlikely to qualify for unemployment” from USA Today “Half of unvaccinated workers say they'd rather quit than get a shot – but real-world data suggest few are following through” from The Conversation The Pet Food Institute on the pet food supply challenges  Our show needs your voice! Tell us what you think of the show or ask a question for our hosts to answer! Send a voice memo or give us a call at 508-82-SMART (508-827-6278).

National Progressive Town-Hall Meeting with WI Representative Mark Pocan and listener calls. Also Economics Professor Richard Wolff explores strategies of the Federal Reserve and US Treasury to keep the country from defaulting.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A wise person created the old saying, "the cash market never lies." Luke Beckman of CVA Grain Exchange podcast discuss the merits of that adage and a lot more plus Todd Horwitz of bubbatrading.com joins us for price action perspective and Federal Reserve critiquing. See omnystudio.com/listener for privacy information.

TOPICS by TIMECODE3:22 Yes, DOJ & FBI targeting parents as “domestic terrorists” is VERY wrong, but there's a MUCH better solution — Time to DEFUND SCHOOLS. Don't confuse schooling with education. Like the Federal Reserve, these institutions are a seminal problem. The attacks on mind, spirit and now bodies of children is not an accident. Redressing your grievances at school boards is a waste of time. NULLIFY them. SECEDE from them. You can do MUCH BETTER.35:22 CLIP: Is this tearful mom a threat? Heartfelt plea to take mask off her kid, 7 HOURS a day, is ignored. She should take her child OUT of this institution and then work to shut it down40:01 How government combines Plato's Republic & Plato's "Allegory of the Cave” into an educational institution51:28 Politicians make pithy comments criticizing DOJ targeting parents exercising their 1st Amendment right to redress grievances — they will do NOTHING. But YOU have the power to DO something. 1:03:53 Listeners' letters. Dishonorable discharges — can they do it practically?1:10:22 NJ Gun Case & Jury Nullification. And Oregon AG sues 2nd Amendment Sanctuary Cities1:30:54 Jan6 trials — two different judges, two RADICALLY different outcomes1:39:30 British Columbia gives business $30,000 fine for not using preferred pronouns (they/them) of militant transgender1:43:53 Washington Post: “What Science Can Tell Us About the Benefits of Religion” — some (unintentionally) interesting insights from a psychologist1:58:57 Even with Fauci's most recent flip-flop, he and the CDC are still coming after holidays AGAIN — Christmas, Thanksgiving, Halloween2:14:19 INTERVIEW: Recommended Tech for Privacy & Anonymity “Keyword Search Warrants” and “Geofence Warrants” are dragnets that catch innocent people. GoatTree talks about safer practices for using internet and what likely happened with Facebook's 6 hr fail2:53:52 Large NY healthcare system fires 1,400 workers. Wasn't the lockdown about flattening the curve so we didn't overwhelm hospitals?Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshowBTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Mail: David Knight POB 1323 Elgin, TX 78621

TOPICS by TIMECODE 3:22 Yes, DOJ & FBI targeting parents as “domestic terrorists” is VERY wrong, but there's a MUCH better solution — Time to DEFUND SCHOOLS.  Don't confuse schooling with education.  Like the Federal Reserve, these institutions are a seminal problem.  The attacks on mind, spirit and now bodies of children is not an accident. Redressing your grievances at school boards is a waste of time.  NULLIFY them.  SECEDE from them.  You can do MUCH BETTER. 35:22 CLIP: Is this tearful mom a threat? Heartfelt plea to take mask off her kid, 7 HOURS a day, is ignored.  She should take her child OUT of this institution and then work to shut it down 40:01 How government combines Plato's Republic & Plato's "Allegory of the Cave” into an educational institution 51:28 Politicians make pithy comments criticizing DOJ targeting parents exercising their 1st Amendment right to redress grievances — they will do NOTHING. But YOU have the power to DO something. 1:03:53 Listeners' letters. Dishonorable discharges — can they do it practically? 1:10:22 NJ Gun Case & Jury Nullification. And Oregon AG sues 2nd Amendment Sanctuary Cities 1:30:54 Jan6 trials — two different judges, two RADICALLY different outcomes 1:39:30 British Columbia gives business $30,000 fine for not using preferred pronouns (they/them) of militant transgender 1:43:53 Washington Post: “What Science Can Tell Us About the Benefits of Religion” — some (unintentionally) interesting insights from a psychologist 1:58:57 Even with Fauci's most recent flip-flop, he and the CDC are still coming after holidays AGAIN — Christmas, Thanksgiving, Halloween 2:14:19  INTERVIEW: Recommended Tech for Privacy & Anonymity    “Keyword Search Warrants” and “Geofence Warrants” are dragnets that catch innocent people.  GoatTree talks about safer practices for using internet and what likely happened with Facebook's 6 hr fail 2:53:52 Large NY healthcare system fires 1,400 workers.  Wasn't the lockdown about flattening the curve so we didn't overwhelm hospitals?   Find out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation through Zelle: @DavidKnightShow@protonmail.com Cash App at:  $davidknightshow BTC to:  bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7 Mail:          David Knight          POB 1323          Elgin, TX 78621

Dr. Larry Kotlikoff is the foremost expert in the world on fiscal gap accounting and has done a great job transforming how we should be thinking about a nation's debt. Dr. Kotlikoff recently stated during an interview that most retirement planning is wrong.  According to Dr. Kotlikoff, the basic problem with financial planning is that the goal of our life is not to accumulate wealth so that people can charge us fees on our assets. It's about having the best lifestyle we can, given our resources, so we don't end up on the street if the market crashes or we live to be 100 years old. You don't necessarily need to pay someone to manage your assets, but it can be worthwhile to have someone help you stick to your objectives. Most people without a financial advisor participate in emotionally driven investing, which is why the average investor's returns suffer. Saving for retirement is a requirement in consumption smoothing, but there is an optimal amount to save. Once you know what you have, you know what you can spend. Part of the job of a good financial planner is helping you reverse engineer what you need to create the lifestyle you want in retirement. This is where the Power of Zero paradigm deviates from mainstream financial planning. You have to get the tax part of the equation right. It's not enough to know what you should be saving, because if you execute that plan in your tax-deferred bucket and watch as tax rates rise over time, you'll find that your financial plan only delivers about half what your lifestyle needs. You need to contribute the right amount of money into the right kinds of accounts. Dr. Kotlikoff feels the stock market is overvalued and dependent on the Federal Reserve's support to maintain its levels. Market timing is tricky at the best of times. Statistically, it's nearly impossible to do. Over the course of a given year, that 80% of the rise in the market occurred on 6-8 days and you have to predict exactly which days those are going to be.  If you can guarantee your lifestyle expenses with your Social Security, pension, and/or a guaranteed lifetime income annuity, you can take much more risk in the market.  A good rule of thumb if you need to dip into your assets during a down year is to take money out of your LIRP instead of your stock market portfolio. Dr. Kotlikoff recommends that you push off taking Social Security for as long as you can to mitigate longevity risk. The key here is predicting how long you are going to live. The worst thing that can happen to you is push it off until age 70, and then die at age 71. The best way to predict how long you are going to live is to go through the LIRP underwriting process. When an underwriter accepts you, they are basically betting that you are going to live a long, healthy life, and you can use that to push Social Security off as long as possible. Is paying off your mortgage early smart? The question we should be asking is whether we “should take money that could be invested in the stock market or pay off a mortgage early?” When you look at the arbitrage between the market and your mortgage, the math doesn't add up. Converting money to an IRA has to be done over a period of time to avoid paying more taxes than necessary. We are in a rising tax rate environment, so it makes sense to take advantage of today's historically low tax rates, but it has to be done systematically. You shouldn't be drawing Social Security during your conversion period because it will cause Social Security taxation and lock you into a lower amount. There are secrets to all stages of the life cycle. When you're young, stay home to save on housing costs and don't borrow for college if there is a reasonable likelihood you might drop out. Invest more in stocks as you age in retirement, especially if you have your lifestyle needs guaranteed already. Mentioned in this Episode: Medicine's Golden Age Is Dawning. 10 Stocks to Play the Latest Innovations. - barrons.com/articles/medicine-healthcare-stocks-roundtable-51632527474

Chief joins the show to talk about the Federal Reserve. We get into the rumor that we may be out of money by October, how the federal reserve was started, corruption at the top, and more.

The House effort to unearth Donald Trump's Jan. 6 secrets has shifted into overdrive. POLITICO's Kyle Cheney reports. Plus, a top State Department adviser resigns. And Sen. Warren calls the SEC to probe the Fed on insider trading. Kyle Cheney is a legal affairs reporter for POLITICO. Jeremy Siegel is a host for POLITICO Dispatch. Irene Noguchi is the executive producer of POLITICO audio. Jenny Ament is the senior producer of POLITICO audio. Raghu Manavalan is a senior editor for POLITICO audio. Read more:  Jan. 6 investigation accelerates as it turns toward Trump Take part in our 2021 podcast survey.

TOPICS by TIMECODE3:39 New Merck Pill: A Mockery of Medicine. A revelation of “method” for BigPharma control of regulatory agencies and the media — “so effective” they stopped testing and got rid of the control group in just 30 days.  Will you swallow this lie?10:23 COVID in India ELIMINATED — WHO/FDA/CDC Doesn't Want You to Know. WHO was actually part of the government experiment.  Cost was less than $3 per person. COVID cases eliminated in May. You're being played for money by BigPharma and power by politicians26:38 Pandora Papers: Corruption & the Pandemic. Massive leak of info on offshore accounts given to mainstream media. Why now? Who is exposed? What about the dog that didn't bark? US politicians & bureaucrats have something even better than offshore accounts as exit of 2 Federal Reserve presidents shows.39:49 Australia: Gladys' BigPharma Bribes. Did her “boy-toy” cause her downfall? Political opponent said 2 weeks ago she was bought.  And what country was he dealing with?44:02 COVIDLAND: The Irony of Alex Jones Narrating a Documentary about Lockdown. Does he talk about Trump's betrayal of America? His role in lockdown?1:05:07 Newsom: Jabs for Kids, Not Teachers. It's not about health or science.  Mandates for kids but not teachers.  Newsom eased up for the recall election, now doubles down.  But even the French globalist Macron, pushing vaccine mandates, is stopping masks on school kids. 1:34:43 The NEW Abortion: TrumpShots. Progressive Democrats block budget with demand Hyde Amendment (1980) that prohibits direct funding of abortion be removed.  But the jabs proudly funded by Trump are having horrific effects on unborn & breastfeeding children1:48:19 Many people are facing a hard choice & hard times with the Biden mandate.  Here's my testimony of what happened to me when I put God before money…1:51:44 Denver cop crippled by TrumpShot goes on FOX. Other police organizations worldwide start to push back now that THEY must get the jab1:59:31 Screws continue to tighten on TrumpShot coercion as corporations demand FAMILY members be jabbed2:02:15 Mainstream media can't keep propaganda straight.  Some blame hospital closings on delta variant surge — but another shows staffing shortage, driven by mandates, is behind the closures2:12:31 Headline news — will progs abort budget deal if they can't fund abortion? Biden Ed Sec says parents are NOT primary “stakeholders” of kids. Trans-regrets and Trump brags he will beat DeSantis as 52% of Trump voters and 41% of Biden voters want secession2:43:16 Ships Hit the Fan Scenario — this is an economic siege, economic sanctions.  The beginning of war by the globalists.Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughZelle: @DavidKnightShow@protonmail.comCash App at:  $davidknightshow

Photo: Second dinner held by the Economic Club of New York at the Hotel Astor. CBS Eyes on the World with John Batchelor CBS Audio Network @Batchelorshow Nicholas Wapshott #UNBOUND. Samuelson Friedman:The complete forty-minute interview, July 24, 2016. Samuelson Friedman: The Battle Over the Free Market, by Nicholas Wapshott  https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, the author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don't care who writes a nation's laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott's nimble hands, Samuelson and Friedman's decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today.

Macro Strategist David Hunter on the Fed, inflation, and the Coming Bust. Macro Strategist David Hunter on the Fed, inflation, and why he predicts a historic bust is near. https://youtu.be/6ZECbgN6qMM Natalie Brunell In this bonus episode, Natalie Brunell chats one-on-one with David Hunter, a macro economic strategist with more than 40 years on Wall Street. David is the chief strategist at Contrarian Macro Advisors and he is predicting that we are going to see a final "melt up" stage of the market cycle before a historic crash (David believes it will be an 80% decline peak to trough). David correctly predicted in 2020 that oil would go to $55, S&P to 4300+ and the 10 yr to 1.55%. He has since raised many of his targets and actively tweets his analysis of market behavior. Natalie Brunell hears more insight on David's predictions, discusses the Federal Reserve being caught between inflation and a crash sparked by tightening, and explores other topics like wealth inequality, Bitcoin and sound money. Follow David Hunter on Twitter at @DaveHcontrarian. Follow Natalie at @NatBrunell. Timecodes: 00:00 Introduction 00:45 Current state of financial markets 01:55 Why are investors nervous? 03:39 Fed's taper talk 05:49 What is QE, taper, tightening 08:08 Why do people expect a crash? 11:16 Signs bust is here 14:01 Money printing and politics 18:48 Why do we keep creating bubbles? 25:48 Wealth inequality 28:52 “Tax the Rich” 30:49 Gold's underperformance 32:58 Bitcoin as digital gold 34:55 The U.S. Dollar 38:05 Can we avoid a bust? 42:12 Can we return to sound money? 44:47 Ways to invest in the crash 48:30 Timing the crash 52:47 Trying to orange pill David