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“From the very beginning the intent was that the American people needed to be able to access the records so that we would be able to hold the government accountable for its actions.” - David FerrieroDuring the first Trump administration, when access to certain websites and information was being threatened, we started our Keepers series about activist archivists, rogue librarians, historians, collectors, curators — protectors of the culture and the free flow of information and ideas. Today our national librarians and archivists are being fired, our museums are being threatened, our journalists are being hampered, and truth and transparency is once again under attack.In 2017, we talked with David Ferriero, the 10th Archivist of the United States, about the the beginnings of the National Archives under Franklin Roosevelt and its purpose. Ferriero tells of early keepers like Stephen Pleasonton, a brave civil servant who saved the Constitution and Declaration of Independence as the British burned Washington during the War of 1812. Stories of a letter from Fidel Castro to President Roosevelt requesting a $10 dollar bill, and a letter from Annie Oakley to William McKinley volunteering to rally 50 women sharp shooters to fight in the Spanish Civil War.Selected as Archivist of the United States in 2010 by President Obama during the time of his Open Government Initiative, Ferriero worked to make the system more transparent and accessible to the public. With a collection of about 13 billion pieces of paper, 43 million photographs and miles and miles of film and video and about 6 billion electronic records, Ferriero believes “we are responsible for documenting what is going on.” “I think my favorite times are twice a year when we do naturalization ceremonies in the Rotunda and between 50 and 200 new citizens are sworn in in front of the Constitution," he said. "Just to see them experiencing the documents outlining the rights that are now theirs. Those are powerful moments.”
Founded in its modern form in 1932, Saudi Arabia continues to play an important role in the world today, shaping many different regional and global issues. The country also shares a long history of engagement with the United States on various issues, from economic development, military support, and geopolitical goals. While not always in exact alignment, this enduring relationship has continued to strengthen since a historic meeting between U.S. President Franklin Delano Roosevelt and King Abdulaziz bin Abdul Rahman Al Saud in 1945. In light of President Trump's recent visit to the Kingdom, we spoke with Fahad Nazer, Official Spokesperson for the Embassy of Saudi Arabia in Washington, DC, to gain his insights on this historic relationship, break down some of the deals that were struck during President Trump's visit, and to outline the future for this country. We acknowledge that a lot has changed in the region since the start of the current kinetic war between Israel and Iran, however, we want to note that this interview was completed prior to these attacks. We will continue to watch the ongoing war closely, as tensions in the region continue to rise. Fahad Nazer is the official spokesperson for the Embassy of Saudi Arabia to the United States. He was appointed to this role on January 18, 2019. Prior to this appointment, Nazer was a non-resident fellow at the Arab Gulf States Institute in Washington and served as an International Fellow at the National Council on U.S. Arab Relations. Additionally. He was also a columnist for the daily newspaper Arab News. His publications have appeared in Foreign Affairs, The New York Times, CNN, Foreign Policy, YaleGlobal Online, The National Interest, and Newsweek. Nazer earned his BA in political science from New York University and an M.A in political science from Saint John's University in New York City. He has also completed the credit and examination requirements of the PhD program in political science at the Catholic University of America in Washington.
Founder of the Raising Capitalists Foundation and previous co-host of The Real Estate Guys Radio show, Russell Gray, joins Keith to discuss the historical and current devaluation of the U.S. dollar, its impact on investors, and the broader economic implications. Gray highlights how the significant increase in interest rates has trapped equity in properties and affected development. He explains the shift from gold-backed currency to paper money, the role of the Federal Reserve, and the impact of the Bretton Woods Agreement. Gray emphasizes the importance of understanding macroeconomic trends and advocates for Main Street capitalism to decentralize power and promote productivity. He also criticizes the idea of housing as a human right, arguing it leads to inflation and shortages. Resources: Connect with Russell Gray to learn more about his "Raising Capitalists" project and his plans for a new show. Follow up with Russell Gray to get a copy of the Beardsley Rummel speech transcript from 1946. follow@russellgray.com Show Notes: GetRichEducation.com/558 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”. For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, what's the real backstory on why we have this thing called the dollar? Why it keeps getting debased? What you can do about it and when the dollar will die? It's a lesson in monetary history. And our distinguished guest is a familiar voice that you haven't heard in a while. Today on get rich education. Mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider, their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with a better business bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter. Remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com Russell Gray 1:54 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:10 Welcome to GRE from St John's Newfoundland to St Augustine, Florida and across 188 nations worldwide. I'm Keith weinholden. You are inside get rich education. It's 2025. The real estate market is changing. We'll get into that in future. Weeks today. Over the past 100 years plus, we've gone from sound money to Monopoly money, and we're talking about America's currency collapse. What comes next and how it affects you as both an investor and a citizen. I'd like to welcome in longtime friend of the show and someone that I've personally learned from over the years, because he's a brilliant teacher, real estate investors probably haven't heard his voice as much lately, because until last year, he had been the co host of the terrific real estate guys radio show for nearly 20 years. Before we're done today, you'll learn more about what he's doing now, as he runs the Main Street capitalist platform and is also founder of the raising capitalists foundation. Hey, it's been a few years. Welcome back to GRE Russell Gray. Russell Gray 3:19 yeah, it's fun. I actually think it's been maybe 10 years when I think about it, I remember I was at a little resort in Mexico recording with you, I think in the gym. It was just audio back then, no video. Keith Weinhold 3:24 Yeah, I remember we're trying to get the audio right. Then I think you've been here more recently than 10 years ago. But yeah, now there's this video component. I actually have to sit up straight and comb my hair. It's ridiculous. Well, Russ, you're also a buff of monetary history. And before we discuss that, talk about the state of the real estate market today, just briefly, from your vantage point. Russell Gray 1 3:55 I think the big story, and I'm probably not telling anybody anything they don't know, but the interest rate hike cycle that we went through this last round was quite a bit more substantial, I think, than a lot of people really appreciated, you know. And I started talking about that many years ago, because when you hit the zero bound and you have 6,7,8, years of interest rates below half a point, the change when they started that interest rate cycle from point two, 525 basis points all the way up to five and a quarter? That's a 20x move. And people might say, well, oh, you know, I go back to what Paul Volcker did way back in the day, when he took interest rates from eight or nine to 18. That was only a little bit more than double. Double is a far cry from 20x so we've never seen anything like that. Part of the fallout of that, as you know, is a lot of people wisely, and I was on the front end of cheerleading This is go get those loans refinanced and lock in that cheap money for as long as possible, because a loan will actually become an asset. The problem is, when you do that, you're kind of married to that property. Now it's not quite as bad. As being upside down in a property and you can't get out of it, but it's really hard to walk away from a two or 3% loan in a Six 7% market, because you really can't take your same payment and end up getting more house. And so that equity is kind of a little bit trapped, and that creates some opportunities, but I think that's been the big story, and then kind of the byproduct of the story. Second tier of the story was the impact it had on development, because it made it a lot harder for developers to develop, because their cost of funds and everything in that supply chain, food chain, you marry that to the 2020, COVID Supply Chain lockdown and that disruption, which, you know, you don't shut an economy down and just flick a switch and have it come back on. And so there's all of that. And then the third thing is just this tremendous uncertainty everybody has, because we just went from one extreme to another. And I think people, you know, they don't want to, like, rock the boat, they're going to kind of stay status quo for a little bit, whether they're businesses, whether they're homeowners, whether they're anybody out there that's thinking about moving them, unless life forces you to do it, you're going to try to stay status quo until things calm down. And I don't know how close we are to things calming down. Keith Weinhold 6:13 One word I use is normalized. Both the 30 year fixed rate mortgage and the Fed funds rate are pretty close to their long term historic average. It just doesn't feel that way, because it was that rate of increase in 2022 that caught a lot of people off guard, like you touched on Well, Russ, now that we've talked about the present day, let's go back in time, and then we'll slowly bring things up to the present day. The dollar is troubled. It's worth perhaps 3% of what it was 100 years ago, but it's still around since it was established in the Coinage Act of 1792 and it's still the world reserve currency. In fact, only three currencies have survived longer than the dollar, the British pound, the Japanese yen and the Swiss franc. So talk to us about this really relentless debasement of the dollar over time, including the creation of the Fed and the Bretton Woods Agreement and all that. Russell Gray 7:09 That's a big story, as you know, and I always like to try to break it down a little bit. One of my specialties I'd like to believe, is I speak macro and I speak Main Street. And so when I try to break macroeconomics down, I start out with, why do I even care? I mean, if I'm a main street investor, why do I even care? In 2008 as you know, is a wipeout for me. Why? Because I didn't think anything had happened in the macro I didn't think Wall Street bond market. I didn't think that affected me. One thing I really cared about was interest rates. And I had a cursory interest in the bond market. We just try to figure out where interest rates were going. But for the most part, I thought, as a main street real estate investor, I was 100% insulated. I couldn't have been more wrong, because it really does matter, because the value of the dollar, in other words, the purchasing power of the dollar, and usually you refer to that as inflation, right? If inflation is there, the dollar is losing its purchasing power, and so the higher the inflation rate, the faster you're losing that purchasing power. And you might say, well, maybe that matters to me. Maybe it does. But the people who make the money available to the mortgage community, right to the real estate community to borrow that comes out of the bond market. And so when people go to buy a bond, which is an IOU, they're going to get paid back in the currency that they lent in, in this case, dollars. And if they know, if they're making a long term investment in a long term bond, and they're going to get paid back in dollars, they're going to be worth a whole lot less when they get them back. One of the things they're going to want is compensation for that time risk, and that's called higher interest rates. Okay, so now, if you're a main street investor, and higher interest rates impact you, now you understand why you want to pay attention. Okay, so let's just start with that. And so once you understand that the currency is a derivative of money, and money used to be you mentioned the Coinage Act Keith money, which is gold, used to be synonymous with the dollar. The dollar was only a unit of measure of gold, 1/20 of an ounce. It was a unit of measure. So it's like, the way I teach people is, like, if you had a gallon of milk and you traded, I'm a farmer, and I had a lot of milk, and so everybody decided they were going to use gallons of milk as their currency. Hey, where there's a lot of gallons of milk. He's got a big refrigerator. We'll just trade gallons of milk. Hey, Keith, I really like your beef. I you know, will you sell me some, a side of beef, and I'll give you, you know, 100 gallons of milk, you know, like, Oh, that's great. Well, I can't drink all this milk, so I'm going to leave the milk on deposit at the dairy, and then later on, when I decide I want a suit of clothes, I'll say, well, that's 10 gallons of milk. So I'll give the guy 10 gallons of milk. So I just give him a coupon, a claim, a piece of paper for that gallon of milk, or 20 gallons of milk, and he can go to the dairy and pick it up, right? And so that's kind of the way the monetary system evolved, except it wasn't milk, it was gold. So now you got the dollar. Well, after a while, nobody's going to get the milk. They don't care about the milk. And so now. Now, instead of just saying, I'll give you a gallon of milk, you just say, well, I'll give you a gallon. And somebody says, Okay, that's great. I'll take a gallon. They never opened the jug up. They never realized the jug is empty. They're just trading these empty jugs that used to have milk in them. Well, that's what the paper dollar is today. It went from being a gold certificate payable to bearer on demand, a certain amount of gold, a $20 gold certificate, what looks exactly like a $20 FEDERAL RESERVE NOTE. Today they look exactly the same, except one says FEDERAL RESERVE NOTE, which is an IOU backed by nothing, and the other one said gold certificate, which was payable to bearer on demand, real money. So my point is, is he got money which is a derivative of the productivity, the beef, the soot, the milk, whatever, right? That's the real capital. The real capital is the goods and services we all want. Money is where we store the value of whatever it is we created until we want to trade it for something somebody else created later. And it used to be money and currency were one in the same, but now we've separated that. So now all we do is trade empty gallons, which are empty pieces of paper, and that's currency. So those are derivatives, and the last derivative of that chain is credit. And you had Richard Duncan on your show more than once, and he is famous for kind of having this term. We don't normally have capitalism. We have creditism, right? Everything is credit. Everything is claims on wealth, but it's not real wealth, and it's just when we look at what's going on with our current administration and the drive to become a productive rather than a financialized society, again, as part of this uncertainty that everybody has. Because this is not just a subtle little adjustment on the same course. This is like, No, we're we're going down a completely different path. But fundamentally, your system operates on this currency that is flowing through it, like the blood flowing through your body. And if the blood is bad, your body's sick. And right now, our currency is bad, and so it creates problems, not just for us, but all around the world. And now we're exacerbating that. And I'm not saying it's bad. In fact, I think it's actually it's actually good, but change is what it is, right? I mean, it can be really good to go to the gym and work out before we started recording, you talked about your commitment to fitness, and that if you stop working out, you get unfit, and it's hard to start up again. Well, we've allowed our economy to get very unfit. Now we're trying to get fit again, and it's going to be painful. We're going to be sore, but if we stick with it, I think we can actually kind of save this thing. So I don't know what that's going to mean for the dollar ultimately, or if we end up going to something else, but right now, to your point, the dollar is definitely the big dog still, but I think it's probably even more under attack today than it's ever been, and so it's just something I think every Main Street investor needs to pay attention to. Keith Weinhold 12:46 And it was really that 1913 creation of the Fed, where the Fed's mandates really didn't begin to take effect until 1914 that accelerated this slide in the dollar. Prior to that, it was really just periods of war, like, for example, the Civil War, where we had inflation rise, but then after wars abated, the dollar's strength returned, but that ceased to happen last century. Russell Gray 13:11 I think there's a much bigger story there. So when we founded the country, we established legal money in the Coinage Act of 1792 we got gold and silver and a specific unit of measure of gold, a specific unit, measure of silver was $1 and that's what money was constitutionally. Alexander Hamilton advocated for the first central bank and got it, but it was issued by Charter, which meant that it was operated by the permission of the Congress. It wasn't institutionalized. It wasn't embedded in the Constitution. It was just something that was granted, like a license. You have a charter to be able to run a bank. When that initial charter came up for renewal, Congress goes, now we're not going to renew it. Well, of course, that made the bankers really upset, because bankers have a pretty good gig, right? They get to just loan people money. They don't have to do any real work, and then they make money on just kind of arbitraging, you know, other people's money. Savers put their money in, and they borrowed the money out, and then they with fractional reserve, they're able to magnify that. So it's, it's kind of a cool gig. And so what happened? Then he had the first central bank, so then they got the second central bank, and the second central bank was also issued by charter this time when it came up for renewal, Congress goes, Yeah, let's renew it, right? Because the bankers knew we got to go buy a few congressmen if we want to keep this thing going. But President Andrew Jackson said, No, not going to happen. And it was a big battle. Is a famous quote of him just calling these bankers a brood of vipers. And I'm going to put you down. And God help me, I will, right? I mean, it was like intense fact, I do believe he got shot at one point. I think he died from lead poisoning, because he never got the bullet out. So, you know, when you go to up against the bankers, it's not pretty, but he succeeded. He was the last president that paid off all the debt, balanced budget, paid off all the debt, and we got kind of back on sound money. Well, then a little while later, said, Okay, we're going to need, like, something major, and this would. I should put on. I got my, this is my hat, right now, I'll kind of put it on. This is my, my tin foil hat. Okay? And so I put this on when I kind of go down the rabbit trail a little bit. No, I'm not saying this is what happened, but it wouldn't surprise me, right? Because I know that war is profitable, and so sometimes, you know, your comment was, hey, there's the bank, and then there was, you know, the war, or there's the war, then there's a bank, which comes first the chicken or the egg. I think there's an article where Henry Ford and Thomas Edison went to Congress. I think it was December. The article was published New York Tribune, December 4. I think 1921 you can look it up, New York Tribune, front page article Keith Weinhold 15:38 fo those of you in the audio only. Russ started donning a tin foil looking hat here about one minute ago. Russell Gray 15:45 I did, yeah, so I put it on. Just so fair warning. You know, I may go a little conspiratorial, but the reason I do that is I just, I think we've seen enough, just in current, modern history and politics, in the age of AI and software and freedom of speech and new media, there's a lot of weird stuff going on out there, but a lot of stuff that we thought was really weird a little while ago has turned out to be more true than we thought. When you look back in history, and you kind of read the official narrative and you wonder, you kind of read between the lines. You go, oh, maybe some stuff went on here. So anyway, the allegation that Ford made, smart guy, Thomas Edison, smart guy. And they go to Congress, and they go, Hey, we need to get the gold out of the banker's hands, because gold is money, and we need money not to revolve around gold, because the bankers control gold. They control the money, and they make profits, his words, not mine, by starting wars, because he was very upset about World War One, which happened. We got involved right after Fed gets formed in 1913 World War One starts in 1914 the United States sits off in the background and sells everybody, everything. It collects a bunch of gold, and then enters at the end and ends it all. And that big influx created the roaring 20s, as we all know, which ended big boom to big bust. And that cycle, which then a crisis that created, potentially a argument for why the government should have more control, right? So you kind of go down this path. So we ended up in 1865 with President Lincoln suppressing states rights and eventually creating an unconstitutional income tax and then creating an unconstitutional currency. That's what Abraham Lincoln did. And then on the back end of that, you know, it didn't end well for him, and I don't know why, but all I know is that we had a financial crisis in 1907 and the solution to that was the Aldrich plan, which was basically a monopoly on money. It's called a money trust. And Charles Lindbergh, SR was railing against it, as were many people at the time, going, No, this is terrible. So they renamed the Aldrich plan the Federal Reserve Act. And instead of going for a bank charter, they went for a constitutional amendment, and they got it in the 16th Amendment, and that's where we got the IRS. That's where we got the income tax, which was only supposed to be 7% only affect like the top one or 2% of earners, right? And that's where we got, you know, the Federal Reserve. That's where all that was born. Since that happened, to your point, the dollar has been on with a slight little rise up in the 20s, which, you know, there's a whole thing about whether that caused the crash or not. But at the end of the day, if you go look at St Louis Fed, which you go look at all the time, and you just look at the long term trend of the dollar, it's terrible. And the barometer, that's gold, right? $20 of gold in 1913 and 1933 and then 42 in 1971 or two, whatever it was, three, and then eventually as high as 850 but at the turn of the century, this century, it was $250 so at $2,500 it would have lost 90% in the 21st Century. The dollars lost 90% in the 21st Century, just to 2500 that's profound to go. That's right, it already lost more than 90% from $20 to 250 so it lost 90% and then 90% of the 10% that was left. And that's where we're at. We're worse than that. Today, no currency, as far as I understand, I've been told this. Haven't done the homework, but it's my understanding, no currency in the history of the world has ever survived that kind of debasement. So I think a lot of people who are watching are like, okay, it's not a matter of if, it's a matter of when. And then the big question is, is when that when comes? What does the transition look like? What rises in its place? And then you look at things like a central bank digital currency, which is not like Bitcoin, it's not a crypto, it's a centrally controlled currency run by the central bank. If we get that, I would argue that's not good for privacy and security. Could be Bitcoin would be better. I would argue, could go back to gold backing, which I would say is better than what we have, or we could get something nobody's even thought of. I don't know. We don't know, but I do think we're at the end of the life cycle. Historically, all things being equal. And I think all the indication with a big run up of gold, gold is screaming something's broken. It's just screaming it right now, not just because the price is up, but who's buying it. It's just central banks. Keith Weinhold 20:12 Central banks are doing most of the buying, right? It's not individual investors going to a coin shop. So that's really screaming, telling you that people are concerned. People are losing their faith in giving loans to the United States for sure. And Russ, as we talk about gold, and it's important link to the dollar over time, you mentioned how they wanted it, to get it out of the bank's hands for a while. Of course, there was also a period of time where it was illegal for Americans to own gold. And then we had this Bretton Woods Agreement, which was really important as well, where we ended up violating promises that had to do with gold again. So can you speak to us some more about that? Because a lot of people just don't understand what happened at Bretton Woods. Russell Gray 20:56 What happened is we had the big crash in 1929 and the net result of that was, in 1933 we got executive order 6102 In fact, I have a picture of it framed, and that was in the wake of that in 1933 and so what Franklin Delano Roosevelt did in signing that document, which was empowered by a previous act of Congress, basically let him confiscate all The money. It'd be like right now if, right now, you know, President Trump signed an executive order and said, You have to take all your cash, every all the cash that you have out of your wallet. You have to send it all, take it into the bank, and they're going to give you a Chuck E Cheese token, right? And if you don't do it, if you do it, it's a $500,000 fine in 10 years in prison. Right? Back then it was a $10,000 fine, which was twice the price of the average Home huge fine, plus jail time. That's how severe it was, okay? So they confiscated all the money. That happened in 33 okay? Now we go off to war, and we enter the war late again. And so we have the big manufacturing operation. We're selling munitions and all kinds of supplies to everybody, all over the world, right? And we're just raking the gold and 20,000 tons of gold. We got all the gold. We got the biggest army now, we got the biggest bomb, we got the biggest economy. We got the strongest balance sheet. Well, I mean, you know, we went into debt for the war, but, I mean, we had a lot of gold. So now everybody else is decimated. We're the big dog. Everybody knows we're the big dog. Nine states shows up in New Hampshire Bretton Woods, and they have this big meeting with the world, and they say, Hey guys, new sheriff in town. Britain used to be the world's reserve currency, but today we're going to be the world's reserve currency. And so this was the new setup. But it's okay. It's okay because our dollar is as good as gold. It's backed by gold, and so anytime you want foreign nations, you can just bring your dollars to us and we'll give you the gold, no problem. And everyone's like, okay, great. What are you going to say? Right? You got the big bomb, you got the big army. Everybody needs you for everything to live like you're not going to say no. So they said, Yes, of course, the United States immediately. I've got a speech that a guy named Beardsley Rummel did. Have you ever heard me talk about this before? Keith, No, I've never heard about this. So Beardsley Rummel was the New York Fed chair when all this was happening. And so he gave a speech to the American Bar Association in 1945 and I got a transcript of it, a PDF transcript of it from 1946 and basically he goes, Look, income taxes are obsolete. We don't need income tax anymore because we can print money, because we're off the gold standard and we have no accountability. We just admitted it, just totally admitted it, and said the only reason we have income tax is to manipulate behavior, is to redistribute wealth, is to force people to do what we want them to do, punish things and reward others, right? Just set it plain language. I have a transcript of the speech. You can get a copy of you send an email to Rummel R U, M, L@mainstreetcapitalist.com I'll get it to you. So it's really, really interesting. So he admitted it. So we went along in the 40s and the 50s, and, you know, we had the only big manufacturing you know, because everybody else is still recovering from the war. Everything been bombed to smithereens, and we're spending money and doing all kinds of stuff. And having the 50s, it was great, right, right up until the mid 60s. So the mid 60s, it's like, Okay, we got a problem. And Charles de Gaulle, who was the president of France at the time, went to a meeting. And there's a YouTube video, but you can see it, he basically told the world, hey, I don't think the United States is doing a good job managing this world's reserve currency. I don't think they've got the gold. I think they printed too much money. I think that we should start to go redeem our dollars and get the gold. That was pretty forward thinking. And he created a run on the bank. And at the same time, we passed the Coinage Act in 1965 and took all the silver out of the people's money. So we took the gold in 33 and then we took the silver in 65 right? Because we got Vietnam and the Great Society, welfare, all these things were going on in the 60s. We're just going broke. Meanwhile, our gold supply went from 20,000 tons down to eight and Richard. Nixon is like, whoa, time out. Like, this is bad. And so we had inflation in 1970 August 15, 1971 year before August 15, 1971 1970 Nixon writes an executive order and freezes all prices and all wages. It became illegal by presidential edict for a private business to give their employee a raise or to raise their prices to the customers. Keith Weinhold 25:30 It's almost if that could happen price in theUnited States of America, right? Russell Gray 25:36 And inflation was 4.4% and it was a national emergency like today. I mean, you know, a few years ago, like three or four years ago, we if we could get it down 4.4% it'd be Holly. I'd be like a celebration. That was bad. And so that's what happened. So a year later, that didn't work. It was a 90 day thing. It was a disaster. And so in a year later, August 15, 1971 Nixon came on live TV after Gunsmoke. I think it was, and I was old enough I'm watching TV on a Sunday night I watched it. Wow. So I live, that's how old I am. So it's a lot of this history, not the Bretton Woods stuff, but from like 1960 2,3,4, forward. I remember I was there. Keith Weinhold 26:13 Yeah, that you remember the whole Nixon address on television. We should say it for the listener that doesn't know. Basically the announcement Nixon made, he said, was a temporary measure, is that foreign nations can no longer redeem their dollars for gold. He broke the promise that was made at Bretton Woods in about 1945 Russell Gray 26:32 Yeah. And then gold went from $42 up to 850 and a whole series of events that have led to where we're at today were put in place to cover up the fact that the dollar was failing. We had climate emergency. We were headed towards the next global Ice Age. We had an existential threat in two different diseases that hit one right after the other. First one was the h1 n1 flu, swine flu, and then the next thing was AIDS. And so we had existential pandemic, two of them. We also had a oil shortage crisis. We were going to run out of fossil fuel by the year 2000 we had to do all kinds of very public, visible, visceral things that we would all see. You could only buy gas odd even days, like, if your license plate ended in an odd number, you could go on these days, and if it ended on an even number, you could go on the other days. And so we had that. We lowered our national speed limit down to 55 miles an hour. We created the EPA and all these different agencies under Jimmy Carter to try to regulate and manage all of this crisis. Prior to that, Nixon sent Kissinger over to China, and we opened up trade relations. And we'd been in Vietnam to protect the world from communism because it was so horrible. And then in the wake of that, we go over to Communist China, Chairman Mao and open up trade relations. Why we needed access to their cheap labor to suck up all the inflation. And we went over to the Saudis, and we cut the petro dollar deal. Why? Because we needed the float. We needed some place for all these excess dollars that we had created to get sucked up. And so they got sucked up in trading the largest commodity in the world, energy. And the deal was, hey, Saudis, here's the deal. You like your kingdom? Well, we got the big bomb. We got the big army. You're going to rule the roost in the in the Middle East, and we'll protect you. All you got to do is make sure you sell all your oil in dollars and dollars only. And they're like, Well, what if we're selling oil to China, or what if we're selling oil to Japan? Can they pay in yen? Nope, they got to sell yen. Buy dollars. Well, what do we do with all these dollars? Buy our treasuries. Okay, so what if I got this? Yeah, and so that was the petrodollar system. And the world looked at everything went on, and the world is like, Hmm, the United States coming back to Europe, and Charles de Gaulle, they're like, the United States is not handling this whole dollar thing real well. We need an alternative. What if all of us independent nations in Europe got together and created a common currency? We don't want to be like one country, like the United States, but we want to be like an economic union. So let's create a current let's call it the euro. And they started that process in the 70s, but they didn't get it done till 99 and so they get it done in 99 as soon as they get it done, this guy named Saddam Hussein goes, Hey, I'm now the big dog here. I got the fourth largest army in the world. I'm here in, you know, big oil producing nation. Let's trade in the euro. Let's get off the dollar. Let's do oil in the euro. And he's gone. I'm not sure I should put my hat back on. I'm not sure, but somehow we went into Afghanistan and took a hard left and took this guy out. Keith Weinhold 29:44 Some credence to this. Yes, yeah, so. But with that said, Russell Gray 29:47 you know, we ended up with the Euro taking about 20% of the global trade market from the United States, which is about where it sits today. And the United States used to be up over 80% and now we're down below 60% still. The Big Dog by triple and the euro is not in a position to supplant the US, but I think China, whose claim to fame is looking at other people's technology and models and copying it, looked at what the United States did to become the dominant economic force, and I think they've systematically been copying it. I wrote a report on this way back in 2013 when I started really paying attention to it and began to chronicle all the things that they were doing, this big D dollarization movement that I think still has legs. It's the BRICS movement. It's all the central banks buying gold. It's the bilateral trade agreements where people are doing business outside the dollar. There's been not just that, but also putting together the infrastructure, right? The Asian Infrastructure Bank is an alternative to the IMF looking, if you have you read Confessions of an economic hitman. No. Okay, so this is a guy that used to work in the government, I think, CIA or something, and he would go down and he'd cut deals with leaders of countries to get them to borrow from the United States to put in key infrastructure so they could trade with the US. And then, of course, if they defaulted, then the US owned that in the infrastructure. You can look it up. His name is Perkins, right. Look it up confessions of economic hit now, but you see China doing the same thing. China's got their Belt and Road Initiative. And you go through, and if you want to trade with China on that route, you have traded, you're gonna have to have infrastructure. You can eat ports. You're gonna need terminals for distribution. But you, Oh, you don't have the money. We'll loan it to you, and we'll loan it to you and you want. Now we're creating demand for you want, and we also are enslaving borrower servant to the lender. We're beginning to enslave these other nations under the guise of helping them by financing their growth so they can do business with us. It's the same thing the United States did and Shanghai Gold Exchange, as opposed to the London Bullion exchange. So all of the key pieces of infrastructure that were put in place to facilitate Western hegemony in the financial markets the Chinese have been systematically putting in place with bricks, and so there's a reason we're in this big trade war right now. We recognize that they had started to get in a position where they were actually a real threat, and we got to cut their legs out from underneath them before they get any stronger. Again, I should put my hat back on. Nobody's calling me up and telling me, I'm just reading between the lines. Sure, Keith Weinhold 32:23 there certainly are more competitors to the dollar now. And can you imagine what rate of inflation that we would have had if we had not outsourced our labor and productivity over to a low wage place like China in the east? Russ and I have been talking about the long term debasement of the dollar and why. More on that when we come back, including what Russ is up to today. You're listening to get rich education. Our guest is Russell Gray. I'm your host, Keith Weinhold, the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally while it's on your mind, start at Ridge lendinggroup.com that's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. 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Get rich education with Keith Weinhold, don't quit your Daydream. Keith Weinhold 34:52 Welcome back to get rich education. We're talking with the main street capitalists Russell gray about this long term debasement of the dollar. It's an. Inevitable. It's one of the things we actually can forecast with pretty good predictability that the dollar will continue to debase. It's one of the few almost guarantees that we have in investing. So we can think about how we want to play that Russ one thing I wonder about is, did we have to completely de peg the dollar from gold? Couldn't we have just diluted it where we could instead say, Well, hey, now, instead of just completely depegging the dollar from gold, we could say, well, now it takes 10 times as many dollars as it used to to redeem it for an ounce of gold. Did it make it more powerful that we just completely de pegged it 100% Russell Gray 35:36 it would disempower the monopoly. Right? In other words, I think that the thing from the very beginning, was scripted to disconnect from the accountability of gold, which is what sound money advocates want. They want some form of independent Accountability. Gold is like an audit to a financial system. If you're the bankers and you're running the program, the last thing in the world you want is a gold standard, because it limits your ability to print money out of thin air and profit from that. So I don't think the people who are behind all of this are, in no way, shape or form, interested in doing anything that's going to limit their power or hold them accountable. They want just the opposite. I think if they could wave a magic wand and pick their solution to the problem, it would be central bank digital currency, which would give them ultimate control. Yeah. And it wouldn't surprise me if we maybe, perhaps, were on a path where some crises were going to converge, whether it's opportunistic, meaning that the crisis happened on its own, and quote Rahm Emanuel and whoever he was quoting, you know, never let a good crisis go to waste, and you're just opportunistic, or, you know, put the conspiracy theory hat on, and maybe these crises get created in order to facilitate the power grab. I don't know. It really doesn't matter what the motives are or how it happens at the end of the day, it's what happens. It happened in 33 it happened in 60. In 71 it's what happens. And so it's been a systematic de pegging of any form of accountability. I mean, we used to have a budget ceiling. We used to talk about now it's just like, it's routine. You blow right through it, right, right. There's you balance. I mean, when's the last time you even had a budget? Less, less, you know, much less anything that looked like a valid balanced budget amendment. So I think there's just no accountability other than the voting booth. And, you know, I think maybe you could make the argument that whether you like Trump or not, the public's apparent embrace of him, show you that the main street and have a lot of faith in Main Street. I think Main Street is like, you know what? This is broken. I don't know what's how to fix it, but somebody just needs to go in and just tear this thing down and figure out a new plant. Because I think if you anybody paying attention, knows that this perpetual debasement, which is kind of the theme of the show is it creates haves and have nots. Guys like you who understand how to use real estate to short the dollar, especially when you marry it to gold, which is one of my favorite strategies to double short the dollar, can really magnify the power of inflation to pull more wealth onto your balance sheet. Problem is the people who aren't on that side of the coin are on the other side of the coin, and so the poor get poorer and the rich get richer. Well, the first order of business in a system we can't control is help as many people be on the rich get richer. That's why we had the get rich show, right? Let's help other people get rich. Because if I'm the only rich guy in the room, all the guns are pointed at me, right? I wanted everybody as rich as possible. I think Trump and Kiyosaki wrote about that in their book. Why we want you to be rich, right? When everybody's prospering, it's it's better, it's safer, you have people to trade with and whatnot, but we have eviscerated the middle class because industry has had to go access cheap labor markets in order to compensate for this inflation. And you know, you talk about the Fed mandate, which is 2% inflation, price inflation, 2% so if you say something that costs $1 today, a year from now, is going to cost $1 too, you think, well, maybe that's not that bad. But here's the problem, the natural progression of Business and Technology is to lower the cost, right? So you have something cost $1 today, and because somebody's using AI and internet and automation and robots and all this technology, right? And the cost, they could really sell it for 80 cents. And so the Fed looks at and goes, Let's inflate to $1.02 that's not two cents of inflation. That's 22 cents of inflation. And so there's hidden inflation. The benefits of the gains in productivity don't show up in the CPI, but it's like deferred maintenance on an apartment building. You can make your cash flow look great if you're not setting anything aside for the inevitable day when that roof is going to go out and that parking lot is going to need to be repaved, right? And you don't know how far out you are until you get there and you're like, wow, I'm really short, and I think that we have been experiencing for decades. The theft of the benefit of our productivity gains, and we're not just a little bit out of position. We're way out of position. That's Keith Weinhold 40:07 a great point. Like I had said earlier, imagine what the rate of inflation would be if we hadn't outsourced so much of our labor and productivity to low cost China. And then imagine what the rate of inflation would be as well, if you would factor in all of this increased productivity and efficiency, the natural tendencies of which are to make prices go lower as society gets more productive, but instead they've gone higher. So when you adjust for some of these factors, you just can't imagine what the true debased purchasing power of the dollar is. It's been happening for a long time. It's inevitable that it's going to continue to happen in the future. So this has been a great chat about the history and us understanding what the powers that be have done to debase our dollar. It's only at what rate we don't know. Russ, tell us more about what you're doing today. You're really out there more as a champion for Main Street in capitalism. Russell Gray 41:04 I mean, 20 years with Robert and the real estate guys, and it was fantastic. I loved it. I went through a lot, obviously, in 2008 and that changed me a little bit. Took me from kind of being a blocking and tackling, here's how you do real estate, and to really understanding macro and going, you know, it doesn't matter. You can do like I did, and you build this big collection. Big collection of properties and you lose it all in a moment because you don't understand macro. So I said, Okay, I want to champion that cause. And so we did that. And then we saw in the 2012 JOBS Act, the opportunity for capital raisers to go mainstream and advertise for credit investors. And I wrote a report then called the new law breaks Wall Street monopoly. And I felt like that was going to be a huge opportunity, and we pioneered that. But then after my late wife died, and I had a chance to spend some time alone during COVID, and I thought, life is short. What do I really want to accomplish before I go? And then I began looking at what was going on in the world. I see now a couple of things that are both opportunities and challenges or causes to be championed. And one is the mega trend that I believe the world is going you know, some people call it a fourth turning whatever. I don't consider that kind of we have to fall off a cliff as Destiny type of thing to be like cast in stone. But what I do see is that people are sick and tired of monopolies. We're sick and tired of big tech, we're sick and tired of big media, we're sick and tired of big government. We're sick and tired of big corporations, we don't want it, and big banks, right? So you got the rise of Bitcoin, you got people trying to get out from underneath the Western hegemony, as we've been talking about decentralization of everything. Our country was founded on the concept of decentralization, and so people don't understand that, right? It used to be everything was centralized. All powers in the king. Real Estate meant royal property. That's what real estate it's not like real asset, like tangible it's royal estate. It's royal property. Everything belonged to the king, and you just got to work it like a serf. And then you got to keep 75% in your produce, and you sent 25% you sent 25% through all the landlords, the land barons, and all the people in the hierarchy that fed on running things for the king, but you didn't own anything. Our founder set that on, turn that upside down, and said, No, no, no, no, no, it's not the king that's sovereign. It's the individual. The individual is sovereign. It isn't the monarchy, it's the individual states. And so we're going to bring the government, small. The central government small has only got a couple of obligations, like protect the borders, facilitate interstate commerce, and let's just have one common currency so that we can do business together. Other than that, like, the state's just going to run the show. Of course, Lincoln kind of blew that up, and it's gotten a lot worse after FDR, so I feel like we're under this big decentralization movement, and I think Main Street capitalism is the manifestation of that. If you want to decentralize capitalism, the gig economy, if you want to be a guy like you, and you can run your whole business off your laptop with a microphone and a camera, you know, in today's day and age with technology, people have tasted the freedom of decentralization. So I think the rise of the entrepreneur, I think the ability to go build a real asset portfolio and get out of the casinos of Wall Street. I think right now, if we are successful in bringing back these huge amounts of investment, Trump's already announced like two and a half or $3 trillion of investment, people are complaining, oh, the world is selling us. Well, they're selling stocks and they're selling but they're putting the money actually into creating businesses here in the United States that's going to create that primary driver, as you well know, in real estate, that's going to create the secondary and tertiary businesses, and the properties they're going to use all kinds of Main Street opportunity are going to grow around that. I lived in Silicon Valley, when a company would get funded, it wasn't just a company that prospered, it was everything around that company, right? All these companies. I remember when Apple started. I remember when Hewlett Packard, it was big, but it got a lot bigger, right there. I watched all that happen in Silicon Valley. I think that's going to happen again. I think we're at the front end of that. And so that's super exciting. Wave. The second thing that is super important is this raising capitalist project. And the reason I'm doing it is because if we don't train our next generation in the principles of capitalism and the freedom that it how it decentralizes Their personal economy, and they get excited about Bitcoin, but that's not productive. I'm not putting it down. I'm just saying it's not productive. You have to be productive. You want to have a decentralized currency. Yes, you want to decentralize productivity. That's Main Street capitalism. If kids who never get a chance to be in the productive economy get to vote at 1819, 2021, 22 before they've ever earned a paycheck, before they have any idea, never run a business. Somebody tells them, hey, those guys that have all that money and property, they cheated. It's not fair. We need to take from them. We need to limit them, not thinking, Oh, well, if I do that, when I get to be there, that what I'm voting for is going to get on me. Right now, Keith, there are kids in ninth grade who are going to vote for your next president, right? Keith Weinhold 45:56 And they think capitalism is evil. This is part of what you're doing with the raising capitalists project, helping younger people think differently. Russ, I have one last thing to ask you. This has to do with the capitalism that you're championing on your platforms now. And real estate, I continue to see sometimes I get comments on my YouTube channel, especially maybe it's more and more people increasingly saying, Hey, I think housing should be a human right. So talk to us about that. And maybe it's interesting, Russ, if I take the other side of it and play devil's advocate, people who think housing is a human right, they say something like, the idea is that housing, you know, it's a fundamental need, just like food and clean water and health care are without stable housing. It's incredibly hard for a person to access opportunities like work and education or health care or participate meaningfully in society at all. So government ought to provide housing for everybody. What are your thoughts there? Russell Gray 46:54 Well, it's inherently inflationary, which is the root cause of the entire problem. So anytime you create consumption without production, you're going to have more consumers than producers, and so you're going to have more competition for those goods. The net, net truth of what happens in that scenario are shortages everywhere. Every civilization that's ever tried any form of system where people just get things for free because they need them, end up with shortages in poverty. It doesn't lift everybody. It ruins everything. I mean, that's not conjecture. That's history, and so that's just the way it works. And if you just were to land somebody on a desert island and you had an economy of one, they're going to learn really quick the basic principles of capitalism, which is production always precedes consumption, always 100% of the time, right? If you're there on that desert island and you don't hunt fish or gather, you don't eat, right? You don't get it because, oh, it's a human right to have food. Nope, it's a human right to have the right to go get food. Otherwise, you're incarcerated, you have to have the freedom of movement to go do something to provide for yourself, but you cannot allow people to consume without production. So everybody has to produce. And you know, if you go back to the Plymouth Rock experiment, if you're familiar with that at all, yeah, yeah. So you know, just for anybody who doesn't know, when the Pilgrims came over here in the 1600s William Bradford was governor, and they tried it. They said, Hey, we're here. Let's Stick Together All for one and one for all. Here's the land. Everybody get up every day and work. Everybody works, and everybody eats. They starved. And so he goes, Okay, guys, new plan. All right, you wine holds. See this little plot of land, that's yours. You work it. You can eat whatever you produce. Over there, you grace. You're going to do yours and Johnson's, you're going to do yours, right? Well, what happened is now everybody got up and worked, and they created more than enough for their own family, and they had an abundance. And the abundance was created out of their hunger. When they went to serve their own needs, they created abundance forever others. That's the premise of capitalism. It's not the perfect system. There is no perfect system. We live in a world where human beings have to work before they get to eat. When I say eat, it could be having a roof over their head. It could be having clothes. It could be going on vacation. It could be having a nice car. It could be getting health care. It doesn't matter what it is, whatever it is you need. You have the right, or should have, the right, in a free system to go earn that by being productive, but the minute somebody comes and says, Oh, you worked, and I'm going to take what you produced and give it to somebody else who didn't, that's patently unfair, but economically, it's disastrous, because it incentivizes people not to work, which creates less production, more consumption. I have another analogy with sandwich makers, but you can imagine that if you got a group if you got a group of people making sandwiches, one guy starts creating coupons for sandwiches. Well then if somebody says, Okay, well now we got 19 people providing for 20. That's okay, but then all the guys making sandwiches. Why making sandwiches? I'm gonna get the coupon business pretty soon. You got 18 guys doing coupons, only two making sandwiches. Not. Have sandwiches to go around all the sandwiches cost tons of coupons because we got way more financialization than productivity, right? That's the American economy. We have to fix that. We can't have people making money by just trading on other people's productivity. We have to have people actually being productive. This is what I believe the administration is trying to do, rebuild the middle class, rebuild that manufacturing base, make us a truly productive economy, and then you don't have to worry about these things, right? We're going to create abundance. And if you don't have the inflation is which is coming from printing money out of thin air and giving to people who don't produce, then housing, all sudden, becomes affordable. It's not a problem. Health care becomes affordable. Everything becomes affordable because you create abundance, because everybody's producing the system is fundamentally broken. Now we have to learn how to profit in it in its current state, which is what you teach people how to do. We also have to realize that it's not sustainable. We're on an unsustainable path, and we're probably nearing that event horizon, the path of no return, where the system is going to break. And the question is, is, how are you going to be prepared for it when it happens? Number two, are you going to be wise enough to advocate when you get a chance to cast a vote or make your voice heard for something that's actually going to create prosperity and freedom versus something that's going to create scarcity and oppression? And that's the fundamental thing that we have to master as a society. We got to get to our youth, because they're the biggest demographic that can blow the thing up, and they're the ones that have been being indoctrinated the worst. Keith Weinhold 51:29 Yes, Fed Chair Jerome Powell himself said that we live in a economic system today that is unsustainable. Yes, the collectivism we touched on quickly descends into the tyranny of the majority. And in my experience, historically, the success of public housing projects has been or to mixed at best, residents often don't respect the property when they don't have an equity stake in it or even a security deposit tied up in it, and blight and high crime rates have often followed with these public housing projects. When you go down that path of making housing as a human right, like you said earlier, you have a right to go procure housing for yourself, just not to ask others to pay for it for you. Well, Russ, this has been great. It's good to have your voice back on the show. Here again, here on a real estate show. If people want to connect with you, continue to see what you've been up to and the good projects that you're working on, promoting the virtues of capitalism. What's the best way for them to do that? Russell Gray 52:31 I think just send an email to follow at Russell Gray, R, U, S, S, E, L, L, G, R, A, y.com, let you know where I am on social media. I'll let you know when I put out new content. I'll let you know when I'm a guest on somebody somebody's show and I'm on the cusp of getting my own show finally launched. I've been doing a lot of planning to get that out, but I'm excited about it because I do think, like I said, The time is now, and I think the marketplace is ripe, and I do speak Main Street and macro, and I hope I can add a nuance to the conversation that will add value to people. Keith Weinhold 53:00 Russ, it's been valuable as always. Thanks so much for coming back onto the show. Thanks, Keith. Yeah, terrific, historic outline from Russ about the long term decline of the dollar. It's really a fresh reminder and motivator to keep being that savvy borrower. Of course, real estate investors have access to borrow giant sums of dollars and short the currency that lay people do not. In fact, lay people don't even understand that it's a viable strategy at all. Like he touched on, Russ has really been bringing an awareness about how decentralization is such a powerful force that reshapes society. In fact, he was talking about that the last time that I saw him in person a few months ago. Notably, he touched on Nixon era wage and price controls. Don't you find it interesting? Fascinating, really, how a few weeks ago, Trump told Walmart not to pass tariff induced price increases onto their customers. Well, that's a form of price control that we're seeing today to our point, when we had the father of Reaganomics, David Stockman here on the show, five weeks ago, tariffs are already government intervention into the free market, and then a president telling private companies how to set their prices, that is really strong government overreach. I mean, I can't believe that more people aren't talking about this. Maybe that's just because this cycle started with Walmart, and that's just doesn't happen to be a company that people feel sorry for. Hey, well, I look forward to meeting you in person in Miami in just four days, as I'll be a faculty member for when we kick off the terrific real estate guys Investor Summit and see and really getting to know you, because we're going to spend nine days together. Teaching, learning and having a great time on a cruise ship in the Caribbean. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. 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This Day in Legal History: Glass-Steagall SignedOn June 16, 1933, President Franklin D. Roosevelt signed the Banking Act of 1933 into law—a pivotal piece of Depression-era legislation better known by the names of its congressional architects: Senator Carter Glass and Representative Henry Steagall. The law's timing was not accidental; it came just months after the catastrophic banking failures that had shuttered thousands of banks and evaporated public trust in the financial system. At its core, the act sought to restore that trust through structural reform, not just emergency patchwork.The most well-known feature of the law was the creation of the Federal Deposit Insurance Corporation (FDIC), which for the first time guaranteed Americans' bank deposits up to a set amount. This singular policy innovation helped stem the tide of bank runs and brought stability to the retail banking sector almost overnight.But the law went further. In what became known as the Glass–Steagall provisions, it imposed a formal separation between commercial banking and investment banking. The rationale was simple: banks that take deposits and issue loans should not also be speculating in stocks, bonds, or other risky assets. The aim was to curtail the kind of speculative behavior that had, in part, fueled the 1929 crash.This firewall between different banking functions endured for decades, until its gradual erosion and eventual repeal under the Gramm-Leach-Bliley Act of 1999. Critics of deregulation would later argue that dismantling Glass–Steagall helped set the stage for the 2008 financial crisis.So, why does June 16 matter? Because it marks the day Congress decided that the rule of law—not just market forces—would govern American finance. It's a reminder that even in moments of deep economic despair, institutional design and legislative action can restore public confidence. The legacy of the 1933 Banking Act lives on every time someone deposits a paycheck without worrying if their bank will still be open next week.President Donald Trump has ordered a major escalation in deportation operations by Immigration and Customs Enforcement (ICE), targeting the largest U.S. cities like Los Angeles, Chicago, and New York. The initiative, described by Trump as the "single largest Mass Deportation Program in History," comes amid widespread protests and legal opposition. Trump framed the policy as necessary to remove "millions" of undocumented migrants but also pledged to soften its impact on sectors like agriculture and hospitality, which rely heavily on immigrant labor.ICE is now arresting roughly 2,000 undocumented individuals daily, a significant increase from the Biden administration's rates. Trump aide Stephen Miller has pushed for even higher daily arrests, aiming for 3,000. This surge coincides with a drop in the number of foreign workers, contributing to an overall labor force decline.In response to protests—particularly in Los Angeles—Trump deployed National Guard troops and up to 700 active-duty Marines to secure federal property, sparking backlash from local leaders. California Governor Gavin Newsom has sued the administration, challenging the legality of the troop deployment. A federal appeals court is currently reviewing a lower court's restriction on the National Guard's use.Trump Orders ICE to Expand Deportations in Largest US CitiesSenate Republicans are preparing to unveil their draft of President Trump's sweeping $3 trillion economic package, aiming for passage by Independence Day. But one key detail remains conspicuously unresolved: the state and local tax (SALT) deduction cap.The draft, expected Monday, reflects weeks of intraparty negotiation. Finance Committee Chair Mike Crapo has been trying to thread the needle between budget hawks, business-friendly Republicans, and clean energy holdouts. While the bill includes permanent extensions of key Trump-era business tax cuts—like R&D deductions, interest expensing, and full depreciation—the SALT cap remains a political landmine.The House version, passed earlier this year, raised the SALT cap to $40,000 in a bid to placate Republicans from high-tax states like New York, New Jersey, and California. Senate GOP leaders, by contrast, are floating either retaining the $10,000 cap or leaving it blank for now. Majority Leader John Thune admitted there's little appetite among senators from low-tax states to raise it.The SALT cap is more than a tax policy footnote—it's a litmus test for how seriously Republicans take their own rhetoric on fiscal responsibility. Repealing or expanding the cap would disproportionately benefit wealthy households in blue states while blowing a hole in federal revenues. It's a strange hill for a so-called “populist” party to die on.House Speaker Mike Johnson is pressuring the Senate to keep the $40,000 cap, warning that anything less could tank the bill in the House. It's a delicate dance between appeasing suburban Republicans and not torching whatever remains of fiscal conservatism.Meanwhile, energy companies are watching closely to see how the bill handles the phase-out of clean energy credits. Foreign investors are lobbying against the "Section 899 revenge tax," and Medicaid work requirements face their own internal friction. States may not be ready to implement them, and pushback is mounting over penalizing low-income parents.Senate to Unveil Trump Tax Bill Draft With SALT Fight UnresolvedA federal judge in Boston is weighing whether to block President Trump's latest move to bar foreign nationals from studying at Harvard University, as part of a broader legal fight over immigration, education, and executive power.The administration's proclamation—signed earlier this month—cites national security concerns and temporarily suspends the entry of international students bound for Harvard. It also directs the State Department to consider revoking visas for those already enrolled. The measure follows Homeland Security Secretary Kristi Noem's earlier attempt to strip Harvard's certification to host international students, which the court temporarily blocked.Harvard, which counts nearly 6,800 international students (about 27% of its student body), argues that the Trump administration is engaging in unconstitutional retaliation. The university claims it's being punished for resisting White House efforts to control its governance, curriculum, and ideological direction—an alleged violation of First Amendment protections.Trump's proclamation, and the broader freeze on $2.5 billion in Harvard funding, mark an unprecedented federal offensive against the country's oldest and wealthiest university. Harvard is now seeking a broad injunction to protect its ability to host foreign students while its lawsuits proceed.The Justice Department, for its part, is asking the court to treat Trump's proclamation separately from Noem's earlier actions, arguing it rests on different legal grounds and doesn't expel current students—at least not yet.The outcome of today's hearing could have profound implications, not just for Harvard, but for how far a sitting president can go in leveraging immigration law to reshape higher education.Harvard to urge judge to bar Trump from closing doors for international students | Reuters This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
Thomas E. Patterson's monumental biography of Huey Long is a profound reevaluation of his life and legacy, recognizing him as an inspirational progressive thinker, populist hero, and radical influence on the New Deal before an assassin's bullet ended his life in 1935. First as governor and then as U.S. senator, Long transformed the politics of Louisiana by standing for the interests of citizens whom state officials had historically ignored. He eased suffrage restrictions so that more people could vote, and voters endorsed his program of more robust government services and shifting the tax burden to those better able to pay. In the United States Senate, during the darkest days of the Great Depression, he advocated loudly and ceaselessly for the redistribution of wealth, expanding public works, increasing the money supply, insuring bank deposits, paying old-age pensions and veterans' benefits, delivering a minimum income for families, and funding college and vocational education. President Franklin D. Roosevelt, along with other politicians and pundits, dismissed Long's proposals as nonsense put forth by a reckless demagogue in search of votes.Despite several biographies, acclaimed novels, and historical studies in the years since Long's death, his reputation today is mostly caricature: a spellbinding speaker, a dictator, a populist firebrand who was unprincipled and corrupt. Using previously untapped personal papers of Long and his son Russell, other primary sources, recent scholarship, and his experience as a lawyer, Patterson provides a necessary corrective as he analyzes the contours of Long's career, deconstructs the elements of his success, undercuts several myths related to his time in office, and explains the circumstances that led to his ultimate downfall. The result is the most comprehensive, balanced, and analytical study of the Kingfish to date.Buy the book here
630. Part 1 of Thomas Patterson joining us to discuss his new book, American Populist: Huey Long of Louisiana. "Thomas E. Patterson's monumental biography of Huey Long is a profound reevaluation of his life and legacy, recognizing him as an inspirational progressive thinker, populist hero, and radical influence on the New Deal. Long transformed the politics of Louisiana by standing for the interests of citizens whom state officials had historically ignored. He eased suffrage restrictions so that more people could vote, and voters endorsed his program of more robust government services and shifting the tax burden to those better able to pay. In the United States Senate,... he advocated loudly and ceaselessly for the redistribution of wealth, expanding public works, increasing the money supply, insuring bank deposits, paying old-age pensions and veterans' benefits, delivering a minimum income for families, and funding college and vocational education. President Franklin D. Roosevelt, along with other politicians and pundits, dismissed Long's proposals as nonsense put forth by a reckless demagogue in search of votes.... Despite several biographies, acclaimed novels, and historical studies in the years since Long's death, his reputation today is mostly caricature: a spellbinding speaker, a dictator, a populist firebrand who was unprincipled and corrupt. Using previously untapped personal papers of Long and his son Russell, other primary sources, recent scholarship, and his experience as a lawyer, Patterson provides a necessary corrective as he analyzes the contours of Long's career, deconstructs the elements of his success, undercuts several myths related to his time in office, and explains the circumstances that led to his ultimate downfall. The result is the most comprehensive, balanced, and analytical study of the Kingfish to date." Thomas Patterson founded the Patterson Law Firm in Chicago, which focuses on helping businesses manages crises. Now available: Liberty in Louisiana: A Comedy. The oldest play about Louisiana, author James Workman wrote it as a celebration of the Louisiana Purchase. Now it is back in print for the first time in 221 years. Order your copy today! This week in the Louisiana Anthology. Every Man a King is Huey Long's political autobiography. In it, he describes his youth in the politically progressive Winnfield, and his rise to power in politics. And his politics are more relevant today than ever. “God called, 'Come to my feast.' Then what happened? Rockefeller, Morgan, and their crowd stepped up and took enough for 120 million people and left only enough for 5 million of all the other 125 million to eat. And so many millions must go hungry and without these good things God gave us unless we call on them to put some of it back.” This week in Louisiana history. June 15, 2015. Blaze Starr, dancer linked to Earl K. Long, dead at 83. This week in New Orleans history. Alfred Bonnabel, Jefferson Parish school director who served on the school board from 1872 through 1918, dedicated a two-room schoolhouse in Bucktown on June 14, 1908. This week in Louisiana. Check out the Andouille Trail. The River Parishes Find locations here. The Andouille Trail is a unique culinary byway that will introduce you to our contribution to Louisiana cuisine. You'll find producers with wooden smokehouses, recipes that have been handed down for generations, and restaurants serving up andouille in traditional and inventive new ways. Download the info or check out the trail! Andouille was born in the River Parishes as French and German culinary heritages combined. When you taste our andouille, you are tasting our culinary heritage. Be careful to not call it sausage — because of the coarseness of the ground pork, it's not considered sausage by locals, it's simply andouille. Special seasonings, the coarsesness of the grind, and the very wood added during smoking, make every producer's andouille product a unique culinary offering - you'll want to try them all! Postcards from Louisiana. Phillip Manuel sings with Michael Pellera Trio play at Snug Harbor on Frenchmen St. in New Orleans. Listen on Apple Podcasts. Listen on audible. Listen on Spotify. Listen on TuneIn. Listen on iHeartRadio. The Louisiana Anthology Home Page. Like us on Facebook.
Script for Total Control, Satan has a Short Time How did they kill the generals and will that tech be used on Christians? Did Trump / USA betray Iran into false security. Is Israel getting pounded and how does this fit Prophecy? What is the big picture of Trumps creepy birthday party parade under the guise of Army's anniversary? How does this fit the No King's protests around the USA including in small towns around America. Did Palantir predict WW3 with Iran, China and Russia? Iran is already being painted having sleeper cells and cyber attack capabilities. Think of the WEF digital plandemic. Why did the elite allow for the invasion of the WEST? Think Deagel Report. Are you ready for false flags and mind control zombies (operation Crimson Mist)?
How did the communists take power in Russia? How did Franklin Roosevelt prop up the Soviet economy and set the stage for the Cold War? Are communists motivated by a desire for equality, or by darker desires for revenge? Historian Sean McMeekin joins Charlie for a wide-ranging conversation on World War 2, Soviet Russia, Joseph Stalin, and the facts that every American should know about the real history of the 20th century. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.
W.R. built a castle, called FDR a communist, tried to ignore the “greatest film of all time”, and carried on a lifelong affair with one of the biggest Golden Age of Hollywood stars, Marion Davies - Hollywood's worst kept secret. Join us for part 3 of William Randolph Hearst!Sources:Thomas Lennon and Michael Epstein. “The Battle over Citizen Kane.” PBS, 1996.Nasaw, David. The Chief. Houghton Mifflin Harcourt, 12 Aug. 2013.Randolph, William, and Jack Casserly. The Hearsts : Father and Son. Niwot, Colo., Roberts Rinehart, 1991.
How did the communists take power in Russia? How did Franklin Roosevelt prop up the Soviet economy and set the stage for the Cold War? Are communists motivated by a desire for equality, or by darker desires for revenge? Historian Sean McMeekin joins Charlie for a wide-ranging conversation on World War 2, Soviet Russia, Joseph Stalin, and the facts that every American should know about the real history of the 20th century. Watch every episode ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.
Zaterdag 14 juni wordt president Donald Trump 79. Hij houdt een militaire parade in Washington DC ter viering van de 250e verjaardag van het nationale leger, de US Army. En daar beginnen de problemen al. Want klopt dat wel? En past een parade echt bij die historie? Wat weten we eigenlijk van die rijk geschakeerde geschiedenis? Jaap Jansen en PG Kroeger praten hierover met Amerika-kenner par excellence Pirmin Olde Weghuis.***Deze aflevering is mede mogelijk gemaakt met donaties van luisteraars die we hiervoor hartelijk danken. Word ook vriend van de show!Deze aflevering bevat een advertentie van Greenpeace. Stop diepzeemijnbouw en bescherm de wonderen van de diepzee. Word nu donateur en ontvang tijdelijk een volledig duurzaam en uniek oceanenshirt. Ga naar greenpeace.nl/betrouwbarebronnenHeb je belangstelling om in onze podcast te adverteren of ons te sponsoren? Zend een mailtje naar adverteren@dagennacht.nl en wij zoeken contact.Op sommige podcast-apps kun je niet alles lezen. De complete tekst plus linkjes en een overzicht van al onze eerdere afleveringen vind je hier***In 1775 was er nog geen US Army, de Verenigde Staten zélf bestonden nog niet eens. Wel was er een bende ongeregeld, vaak zonder uniform en schoenen, die onder generaal George Washington de 'Continental Army' vormde. Deze rebellen vochten tegen het machtige leger dat wereldwijd in vele koloniën de dienst uitmaakte. Het Britse leger van koning George III.Washington en zijn mannen wonnen die opstand. De rebellen maakten daarmee de stichting van een nieuwe Republiek van vrije burgers mogelijk. Hun legertje werd ontbonden en aanvoerder Washington moest heel zijn gezag inzetten om muiterij te voorkomen. De helden waren eigenwijs én ontevreden. De politici van die Republiek braken zich het hoofd over 'hoe nu verder?' Pirmin Olde Weghuis vertelt hoe zij een groot staatsrechtelijk en strategisch dilemma moesten ontwarren: géén leger zoals George III dat had, geen krijgsmacht zonder controle door burgers, maar wel een effectieve bescherming van de nieuwe natie.Eén van hun vondsten was het fameuze ‘tweede amendement op de Grondwet', dat elke burger het recht gaf voor de militie van de nieuwe Republiek een wapen te dragen. Zo werd de US Army een tijdelijke krijgsmacht, die door vrijwilligers gevormd werd in tijden van plotselinge nood of gevaar voor de natie.Heel anders was de Navy. De marine was de trots van Amerika en vertoonde zich niet zachtzinnig op de wereldzeeën. Het leger was vooral een grenspolitie in de enorme wildernis van het westen van het continent. PG vertelt over Fort Davis in zuidwest-Texas, waar de boeiende, maar prozaïsche realiteit van dat cavaleristenleger van toen nu nog te beleven is. De US Army was zo klein dat bij het uitbreken van de Burgeroorlog in 1861 maar 16.000 troepen dienden, onder wie vele ambtenaren in Washington en buitenposten. Geen wonder dat president Abraham Lincoln af en toe wanhopig was over zijn manschappen, hun incompetente generaals en de bloederige confrontaties met de zuidelijke slavenstaten. Pas toen hij Ulysses Grant ontdekte, vond hij een militair professional die de overwinning kon afdwingen. Na de Burgeroorlog werd - zoals al eerder na elke militaire confrontatie - de US Army onmiddellijk gedechargeerd. De krijgsmacht verdampte tot een papieren organisatie. Wel liet deze oorlog iets heel nieuws achter. De meest geduchte politieke lobbyclub van Amerika, de belangenorganisatie van veteranen en hun weduwen en wezen. Ook bij de Eerste Wereldoorlog gebeurde dit. De US Army was kleiner dan het leger van Portugal.Franklin Delano Roosevelt zette vanaf 1938 een revolutie in gang. Als een soort militaire 'New Deal' begon deze president een herbewapening, waarmee hij Amerika en de hightech en industriële macht in zijn natie in recordtijd tot een supermacht uitbouwde. Inclusief de eerste kernwapens. Zijn opvolger Harry Truman reorganiseerde dat reusachtig apparaat zeer fors en die ingreep is ook nu nog het fundament van Amerika's militaire dominantie. Een Republikeinse generaal werd president in 1953. Hij analyseerde wat sinds 1938 was gebeurd en Dwight Eisenhower besloot bij zijn afscheid in 1961 te waarschuwen voor de impact van die combinatie van technologie, economie en militaire macht op een Republiek van vrije burgers. Het ‘militair-industriële complex' moest aan banden gelegd en het toezicht nadrukkelijk bij de burgers. Het is een visie die we bij de Republikeinse partijgenoot Donald Trump nimmer horen. Hij wil zo'n parade al sinds hij op 14 juli 2017 eregast was bij president Emmanuel Macron in Parijs. 14 juni, zijn eigen verjaardag, is geen toevallige datum.Overal in de Verenigde Staten zijn op die dag protestbijeenkomsten onder de pakkende titel 'No Kings'. Het achttiende-eeuwse, principiële besef en de visie van Eisenhower slaan de handen ineen. 250 jaar na George Washington en met de lessen van Lincoln, FDR en Eisenhower voor ogen, staan de Amerikanen opnieuw op een tweesprong. Autocratie of Democratie?***Verder kijkenTrump: toespraak over 250 jaar US Army, juni 2025***Verder luisteren508 – De NAVO-top in Den Haag moet de onvoorspelbare Trump vooral niet gaan vervelen476 – Trump II en de gevolgen voor Europa en de NAVO447 - Als Trump wint staat Europa er alleen voor404 - 75 jaar NAVO: in 1949 veranderde de internationale positie van Nederland voorgoed494 - Trumps aanval op de geschiedenis en de geest van Amerika481 - Donald Trumps nieuwe idool William McKinley, ‘de tarievenkoning'475 – Trumps rolmodel Andrew Jackson228 - De Amerikaanse Burgeroorlog (2): hoe Abraham Lincoln onvoorbereid de strijd in ging185 - De Amerikaanse Burgeroorlog (1): Black Lives Matter en George Floyd, hoe de burgeroorlog op de VS nog altijd zijn stempel drukt263 - De Amerikaanse Burgeroorlog (3): de overwinning van Abraham Lincoln en Ulysses Grant459 – Rolmodel George Washington397 - Benjamin Franklin, Zijner Majesteits meest loyale rebel115 - Thomas Paine en De Rechten van de mens363 - Extra zomeraflevering: PG tipt boeken! (oa over de biografie van George III door Andrew Roberts)281 - Fourth of July: Amerika reisgids voor politieke junkies***Tijdlijn00:00:00 – Deel 100:06:43 – Deel 200:32:40 – Deel 301:19:57 – Deel 401:36:18 – EindeZie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.
Edition No158 | 12-06-2025 - Russia's war against Ukraine has achieved not only a horrifying milestone, but an extraordinary conjunction of symbolic dates and numbers. On the Russian National Day public holiday, the grim figure of one million Russians lost in Putin's senseless war has been reached. We'll get into the casualty numbers, and their potential implications in a minute. First though, we need to reflect on the obscene act of sycophancy just unleashed by Mr. Rubio on 12th June. In an announcement, he wrote to congratulate the Russia people, on Russia Day. He is the first US Secretary of State to do so since the beginning of the full-scale war. He wrote, “The United States remains committed to supporting the Russian people as they continue to build on their aspirations for a brighter future.” Pause. Memes have not inaccurately compared this to an imaginary scenario where FDR congratulates the NAZI regime on Hitler's birthday, 18 April 1941, which was a public holiday in Germany. “We also take this opportunity to reaffirm the United States' desire for constructive engagement with the Russian Federation to bring about a durable peace between Russia and Ukraine. It is our hope that peace will foster more mutually beneficial relations between our countries.”----------Links: https://www.express.co.uk/news/world/2067608/ukraine-live-russia-day-troop-losseshttps://kyivindependent.com/as-russian-losses-in-ukraine-hit-1-million-putin-faces-an-economic-time-bomb/https://www.president.gov.ua/en/news/sogodni-nashi-vijskovi-zafiksuvali-ponad-miljon-rosijskih-vt-98417https://euromaidanpress.com/2025/06/12/russia-loses-one-million-soldiers-moscows-casualties-reach-seven-figures-ukraine-says/ ----------SUMMER FUNDRAISERSNAFO & Silicon Curtain community - Let's help help 5th SAB together https://www.help99.co/patches/nafo-silicon-curtain-communityWe are teaming up with NAFO 69th Sniffing Brigade to provide 2nd Assault Battalion of 5th SAB with a pickup truck that they need for their missions. With your donation, you're not just sending a truck — you're standing with Ukraine.https://www.help99.co/patches/nafo-silicon-curtain-communityWhy NAFO Trucks Matter:Ukrainian soldiers know the immense value of our NAFO trucks and buses. These vehicles are carefully selected, produced between 2010 and 2017, ensuring reliability for harsh frontline terrain. Each truck is capable of driving at least 20,000 km (12,500 miles) without major technical issues, making them a lifeline for soldiers in combat zones.In total we are looking to raise an initial 19 500 EUR in order to buy 1 x NAFO truck 2.0 Who is getting the aid? 5 SAB, 2 Assault Battalion, UAV operators.https://www.help99.co/patches/nafo-silicon-curtain-community----------Car for Ukraine has once again joined forces with a group of influencers, creators, and news observers during this summer. Sunshine here serves as a metaphor, the trucks are a sunshine for our warriors to bring them to where they need to be and out from the place they don't.https://car4ukraine.com/campaigns/summer-sunshine-silicon-curtainThis time, we focus on the 6th Detachment of HUR, 93rd Alcatraz, 3rd Assault Brigade, MLRS systems and more. https://car4ukraine.com/campaigns/summer-sunshine-silicon-curtain- bring soldiers to the positions- protect them with armor- deploy troops with drones to the positions----------SILICON CURTAIN FILM FUNDRAISERA project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's front-line towns.https://buymeacoffee.com/siliconcurtain/extras----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtain----------TRUSTED CHARITIES ON THE GROUND:Save Ukrainehttps://www.saveukraineua.org/Superhumans - Hospital for war traumashttps://superhumans.com/en/-----------
This is a free preview of a paid episode. To hear more, visit www.politix.fmSince last week's episode, Donald Trump and Elon Musk had a bitter falling out, Republicans encountered new obstacles to enacting their top priorities (cutting rich people's taxes and poor people's Medicaid) and Trump ordered a federal siege of Los Angeles.Also, Brian got his first taste of sweet, sweet European health care. What do these things have to do with one another? Arguably not much, arguably quite a lot. If safety nets weren't valuable and important, Republicans wouldn't be lying about the contents of their budget reconciliation bill. And if their reconciliation bill was wise, popular, and on the glide path to passage, Trump (really, Stephen Miller) wouldn't be trying to whip up a violent pretext to squeeze Republicans on Capitol Hill into voting for a reckless, terrible bill. But siccing federal troops on American citizens is a big deal, whether it's intended as a diversion or an inducement or not. Should Democratic leaders have seen it coming? Should they have been more prepared? Are there ways for them to increase public awareness of the looming decimation of Medicaid without falling back on the trope that everything else is a “distraction?” All that, plus the full Politix archive are available to paid subscribers—just upgrade your subscription and pipe full episodes directly to your favorite podcast app via your own private feed.Further reading:* Brian argues Democrats overweighted the importance of “issue salience” and it left them unprepared to wage unavoidable political battles with Trump.* Matt argues that if progressives understood FDR's legacy more accurately, they would be more tolerant of Democratic efforts to widen the party's appeal.* No Kings protests across the country on Saturday.
It's June 9th. This day in 1933, the Roosevelt administration is asking Americans to turn their gold into the government -- or be jailed.Jody, Niki, and Kellie discuss how FDR sought to stabilize the economy, how Americans reacted to the order to turn in their heavy metals -- and how this moment led the US to become less and less reliant on the gold standard.Sign up for our newsletter! Get your hands on This Day merch!Find out more at thisdaypod.comThis Day In Esoteric Political History is a proud member of Radiotopia from PRX.Your support helps foster independent, artist-owned podcasts and award-winning stories.If you want to support the show directly, you can do so on our website: ThisDayPod.comGet in touch if you have any ideas for future topics, or just want to say hello. Follow us on social @thisdaypodOur team: Jacob Feldman, Researcher/Producer; Brittani Brown, Producer; Khawla Nakua, Transcripts; music by Teen Daze and Blue Dot Sessions; Audrey Mardavich is our Executive Producer at Radiotopia Learn about your ad choices: dovetail.prx.org/ad-choices
A spiritual crisis lies at the heart of America's deepest challenges. In this revealing episode, Jesse Cope explores the profound connection between our national identity, personal relationships, and spiritual foundations.The modern struggle begins in our homes, where digital distractions and endless entertainment options compete fiercely for attention that should be directed toward God and family. "I struggle at night to pick up the Bible," Jesse confesses, acknowledging the daily battle many face against the magnetic pull of screens. This same pattern of neglect extends beyond our personal devotions into our marriages, where treating our spouse as "an appendage or accessory" eventually erodes the relationship beyond repair.Drawing from Revelation's message to the church at Ephesus about leaving their "first love," Jesse reveals a powerful truth: "Remember from where you have fallen and repent and do the deeds you did at first." The key insight isn't just acknowledging wrongdoing but actually changing behavior—"If you don't really change, then you're not really sorry."This principle applies equally to our national condition. Quoting Franklin D. Roosevelt's 1935 statement commemorating the 400th anniversary of the English Bible, Jesse reminds listeners that America has prospered most when adhering to biblical principles and faltered when moving away from them. "Where we've been truest and most consistent in obeying God and Jesus Christ and the Bible, we've obtained the greatest measure of contentment and prosperity."The latter half of the episode examines Harvard President Samuel Langdon's remarkable 1775 sermon to the Congress of Massachusetts Bay, which declared that liberty and Christian virtue are inseparable—a "package deal." This historical wisdom directly challenges today's notion of "values-neutral" institutions and the supposed middle ground in politics and morality.What's the path forward? Jesse argues that only another Great Awakening, led by courageous spiritual leaders willing to speak truth from the pulpit, can restore America's foundations. Both our personal relationships and our national identity depend on genuine repentance and reformation—turning back to God not just in word but in deed.Discover why the spiritual choices we make today will determine whether we preserve American liberty for generations to come. Subscribe now and join the movement to reclaim America's soul.Support the showThe American Soul Podcasthttps://www.buzzsprout.com/1791934/subscribe
Are we watching theater / script between Gov. Newsom and Trump Federalizing the National Guard without the Governor's approval? The planned chaos is perfectly orchestrated to ignite the mind control / Crimson Mist types to fight.
The Spanish-American War of 1898 marked the first milestone of the US making an appearance as a global power. But the period between the two World Wars was one of isolation for the US. However, once it entered WWII in 1941, the US showed it military, economic and financial might, emerging as a global Super power, by the end of the War.
Donald Trump has the lowest 100-day job approval rating of any president in the past 80 years, with public pushback on many of his policies and extensive economic discontent, including broad fears of a recession. The concept of the "First 100 Days" refers to the early period of a U.S. president's new term, typically seen as a symbolic window to set the tone, push key policies and demonstrate leadership. It represents a kind of political version of a first impression. In the United States, no one talked that much about the importance of a president's first 100 days—until Franklin D. Roosevelt took office in 1933. He took swift action to calm the nation's crippling financial panic (cue the Emergency Banking Act and the “fireside chats” that became Roosevelt's signature) and began rolling out the programs that made up his New Deal, including 15 major pieces of legislation in the first 100 days. FDR's extraordinary productivity translated into enormous popularity, and he set a first 100-day standard against which all future U.S. presidents would (perhaps unfairly) be measured.We talk with Chuck Cordak, an ardent MAGA supporter, about why he thinks Trump's first 100 days have been successul, and, of course, we offer our view. Spoiler alert: Chuck is positively impressed; we're not.What seems to matter to MAGA followers, like Chuck, is the volume of activity that surrounds the Trump administration. The question is, what does all that activity do for the good of the country?Chuck is a father of six, five who serve in the military. He has been deeply involved with Ohio, Illinois GOP politics for over 40 years. A former ROTC Midshipman at Ohio State University, Chuck is a native Ohioan and says he was raised as a Truman Kenndy Democrat with conservative Catholic education and traditional values. He has worked all over the Midwest, as well as the Northeast. Chuck resides in Columbus and is currently working on releasing a thought buster book. Chuck is also a segment contributor for Sirius XM and TNT Radio and writes for AFNN.us.So what does it take for a MAGA faithful to offer any criticism of Trump? Listen and find out.
What do your actions say about your faith? Jesse Cope delivers a powerful message on aligning our daily choices with our professed beliefs, warning that "you can say all the nice sounding words that you want, but if your actions don't back those words up, it's worse than meaningless." This challenging perspective asks listeners to examine what they're truly prioritizing each day.Drawing from the Book of Jude, Jesse explores how misusing God's grace as an excuse to continue in sin represents a dangerous spiritual trap. The epistle's warnings about those who "turn the grace of our God into licentiousness" resonate powerfully in today's culture where professed faith often contradicts actual behavior. Through careful examination of scripture, Jesse reminds us that our choices create ripple effects that impact not just ourselves but everyone around us.The podcast takes a fascinating historical journey through Harvard University's founding principles from 1642, revealing how dramatically American education has shifted from its Christian foundations. These principles explicitly stated that "the main end of [a student's] life and studies is to know God and Jesus Christ" – a stark contrast to today's secular academic environment.Perhaps most moving is Jesse's recounting of Medal of Honor recipients from D-Day, highlighting extraordinary courage that raises uncomfortable questions about our own willingness to sacrifice for righteous causes. The episode concludes with FDR's powerful D-Day prayer, demonstrating how American leaders once openly acknowledged the nation's dependence on divine guidance.Are you making time for God daily? Are your actions aligned with your professed beliefs? Join Jesse in examining what truly matters in life and how we can better honor God through consistent faith in action rather than empty words.Support the showThe American Soul Podcasthttps://www.buzzsprout.com/1791934/subscribe
Dan ushers in archival audio of Dwight D. Eisenhower and Franklin D. Roosevelt as we remember D-Day on the 81st anniversary of 'Operation Overlord.'Kathy Walker is retiring as KOA News Director after 35 years reporting and anchoring for Denver's signature news radio station. She joins Dan to reflect on her amazing career.Erin Lee, mother of a daughter who experienced gender dysphoria after a falsely labeled 'Art Club' afterschool LGBTQ club meeting, successfully led the effort to defend the titles on all three ballot initiatives her group (Protect Kids Colorado) is looking to get on the ballot this fall. These measures would help protect girls' and women's sports and spaces by appealing directly to the voters of Colorado.https://x.com/Erin4Parents/status/1930432593331105864
Elon / Trump Psychological Operation - WHY? 1. WWE Trump / Elon Fight broadens the Beast System Trap – Lefties some on the Right join Elon a. Both Trump and Elon are bringing on the Ai beast System 2. House divided cannot stand (consolidate with Canada / Civil War) 3. Sets up UBI / MOTB / Bio Digital Convergence False Prophet recommendation as economy collapses (Seal 3)
Here is an audio narration by Dr. Richard Reiman of this famous FDR speech.
Curtis interviews Diana West to discuss a wide variety of critical questions, including: Where did Trump get the idea to call his movement “America First?” Who started the New World Order in FDR's administration? What Soviet ties did Victoria Nuland have before she was hired by the State Department? What question puzzled Elvis about the communist groups of the 1960s? And other key pieces of the puzzle. To purchase book: https://a.co/d/6WvmT96
In this Friday episode of The Kirk Cameron Podcast, Kirk dives into breaking news on the Ukraine-Russia war, the military-industrial complex, and the spiritual implications of global conflict. He contrasts Elon Musk and Donald Trump's economic strategies, explores how your money may be funding agendas you oppose, and urges Christians to align their finances with biblical values. Kirk also honors the 81st anniversary of D-Day with President FDR's historic prayer and calls on Americans to return to faith, family, and freedom. From education reform to the truth about religion vs. relationship with Jesus—this episode covers it all. To learn more about the sponsor of today's show and what our family currently uses for our healthcare check out Christian Healthcare Ministries by visiting https://hubs.ly/Q02vWQGy0 Editing and production services provided by thepodcastupload.com #TheKirkCameronShow #KirkCameron #UkraineWar #DDayAnniversary #MilitaryIndustrialComplex #JesusNotReligion #ChristianPodcast #ElonMusk Learn more about your ad choices. Visit megaphone.fm/adchoices
This Day in Legal History: SEC EstablishedOn this day in legal history, June 6, 1934, the United States Securities and Exchange Commission (SEC) was established as part of the sweeping reforms of the New Deal. The SEC was created by the Securities Exchange Act of 1934 in response to the stock market crash of 1929 and the ensuing Great Depression, which exposed widespread fraud, manipulation, and lack of oversight in the financial markets. Its primary mission was, and remains, to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.President Franklin D. Roosevelt appointed Joseph P. Kennedy, a former stockbroker and businessman, as the SEC's first chairman. The choice was controversial—Kennedy had profited handsomely from some of the same speculative practices the SEC was meant to prevent—but Roosevelt believed that Kennedy's insider knowledge would make him an effective regulator.The SEC was empowered to regulate the securities industry, enforce federal securities laws, and oversee the nation's stock and options exchanges. Among its early duties were requiring public companies to file detailed financial disclosures, registering securities before public offering, and monitoring insider trading. The commission also played a key role in restoring investor confidence in U.S. capital markets during a time of deep financial mistrust.Over time, the SEC expanded its reach, responding to new financial products, trading technologies, and crises. From investigating corporate accounting scandals like Enron and WorldCom, to managing the regulatory fallout of the 2008 financial crisis, the SEC has remained a pivotal force in shaping American financial law. It continues to evolve, now addressing issues such as crypto asset regulation, ESG disclosures, and algorithmic trading.Speaking of the SEC, U.S. District Judge Reggie Walton dismissed a lawsuit challenging the SEC 2020 rule changes that made it more difficult for shareholders to submit proposals at corporate annual meetings. The rules, enacted late in President Trump's term, raised the ownership thresholds and lengthened holding periods required to file shareholder proposals. They also introduced stricter resubmission requirements for proposals previously rejected by shareholders.The plaintiffs, including the Interfaith Center on Corporate Responsibility, As You Sow, and shareholder advocate James McRitchie, argued the changes disproportionately harmed proposals on environmental, social, and governance (ESG) issues and reduced long-term shareholder value. They claimed the SEC failed to assess the benefits of such proposals before implementing the rules.Judge Walton rejected these claims, ruling that the SEC adequately justified the changes under its mandate to promote efficiency, competition, and capital formation. The SEC, which had defended the rules during both the Trump and Biden administrations, argued that the reforms ensured shareholder proposals had broader relevance and potential for meaningful corporate action. The 2020 vote on the rule changes split along party lines, with Republican commissioners in support. While the SEC declined to comment on the ruling, the plaintiffs expressed disappointment and affirmed their commitment to corporate engagement on environmental and social issues.SEC wins dismissal of lawsuit challenging tighter rules on shareholder proposals | ReutersOpenAI filed an appeal challenging a court order that requires it to indefinitely preserve ChatGPT output data in an ongoing copyright lawsuit brought by The New York Times. OpenAI argues the order conflicts with its user privacy commitments and sets a troubling precedent. The preservation directive was issued last month after The Times requested that all relevant log data be maintained and segregated.OpenAI CEO Sam Altman publicly criticized the order on social media, affirming the company's stance against actions it sees as compromising user privacy. The appeal, filed on June 3, asks U.S. District Judge Sidney Stein to vacate the preservation requirement.The lawsuit, filed in 2023, accuses OpenAI and Microsoft of using millions of Times articles without permission to train ChatGPT. In April, Judge Stein ruled that The Times had plausibly alleged that OpenAI and Microsoft may have encouraged users to reproduce copyrighted content. The ruling rejected parts of a motion to dismiss the case and allowed several of the Times' claims to move forward, citing multiple examples of ChatGPT generating material closely resembling Times articles.OpenAI appeals data preservation order in NYT copyright case | ReutersPresident Donald Trump's 2026 budget proposal includes a plan to eliminate the Legal Services Corporation (LSC), an independent agency that funds civil legal aid for low-income Americans. The proposal seeks $21 million for an "orderly closeout" of the organization, which had requested $2.1 billion to meet growing demand. The LSC supports 130 nonprofit legal aid programs that assist with issues such as evictions, disaster recovery, and access to public benefits.Critics warn that the move would devastate legal aid access for millions, particularly in rural areas and the South. In Louisiana, for example, there is just one legal aid lawyer for every 11,250 eligible residents. Legal aid leaders say they already turn away half of those seeking help due to budget constraints, and the proposed funding cut would further limit their reach.Organizations like Southeast Louisiana Legal Services and Legal Aid of North Carolina would lose 40–50% of their funding, jeopardizing services for communities still recovering from recent hurricanes. Legal Services NYC, the largest legal aid provider in the country, has implemented a hiring freeze in anticipation of possible cuts.The proposal revives a long-standing conservative goal. Past Republican efforts to dismantle the LSC date back to the Reagan era, and Trump made a similar attempt in 2018. The Heritage Foundation has accused the LSC of supporting controversial causes, but legal aid advocates argue the organization is vital to community stability and fairness in the justice system.Trump Plan to Ax Legal Aid a Conservative Aim That Targets PoorIn a piece I wrote for Forbes last week, I discuss how the IRS has quietly released the underlying codebase for its Direct File program on GitHub, marking a rare moment of transparency in government software. At the center of this release is something called the “Fact Graph,” a logic engine that models tax rules as interrelated facts rather than a linear checklist. Built using XML and Scala, the Fact Graph interprets ambiguous tax data, identifies contradictions or omissions, and suggests paths forward, all in a transparent, declarative format.What sets this apart is that, unlike proprietary tax software, Direct File's logic isn't hidden—it's open, reviewable, and potentially improvable by anyone. This move not only demystifies some of the inner workings of tax enforcement but also sets a precedent: if algorithms are mediating our legal obligations, we should be able to see and understand the rules they follow.The release is particularly striking in an era of eroding public trust in institutions and increasing reliance on automated decision-making. While Direct File itself remains limited in scope and its future uncertain, the open-sourcing of its logic engine may have laid the groundwork for broader change. Other agencies—from state tax departments to those experimenting with AI-driven policy enforcement—could adopt similar transparency, allowing the public to engage with and even help refine the systems that govern them.Peeking Behind The Code—IRS Just Open-Sourced Direct FileThis week's closing theme is by Robert Schumann and comes courtesy of Christopher Zbinden. This week's closing theme is Robert Schumann's Toccata in C major, Op. 7, a dazzling showcase of Romantic-era pianism and one of the most technically demanding works in the standard repertoire. Composed in 1830 and revised in 1833, the piece earned a reputation early on as a pianist's Everest—Franz Liszt himself dubbed it “the hardest piece ever written.” Clocking in at just over five minutes when played at tempo, it's a relentless whirlwind of perpetual motion, requiring both physical stamina and interpretive precision.The toccata form, traditionally a virtuosic keyboard piece emphasizing dexterity, becomes in Schumann's hands something more cerebral. Beneath its bravura surface lies a structure built on two contrasting themes, developed with intricate counterpoint and rhythmic displacement. The left hand must execute rapid repeated notes and wide leaps with precision, while the right weaves through syncopated figures and chromatic runs, creating a dense musical texture.Schumann dedicated the piece to his friend Ludwig Schuncke, who had recently died at the age of 23. That personal connection adds an emotional layer to a work that might otherwise be heard as pure technical spectacle. Unlike many showpieces of the era, Schumann's Toccata isn't just difficult for difficulty's sake—it's an expression of obsession, energy, and youthful ambition.For a composer better known for lyrical piano miniatures, the Toccata is an early signal of the depth and range Schumann would explore in later works. As this week closes, it offers a fitting sendoff: intricate, driven, and a little manic—in the best Romantic sense of the word.Without further ado, Robert Schumann's Toccata in C major, Op. 7 – enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
GRASSROOTS DEMOCRACY IN WALDPORT, OREGON; HOMELESSNESS; GA NUKE ELECTION THEFT; NUKES ON FIRE Our great poet laureate MIMI GERMAN kicks us off with her usual genius at the GREEP zoom #225 from Monday, June 2, 2025. Mimi additionally fills us in on the astounding fight for real grassroots democracy in the allegoric & all-too-real “Mayberry” on the Oregon coast. Homelessness advocate SUSIE SHANNON gives us a full & powerful report on the horrific Budget Bill's ugly assault on the tragically unhoused. Minnesota's KARLA SAND questions the role of Medicaid qualifiers for elder citizens. From DR. NANCY NIPARKO we get a unique medical perspective on the horrendous impacts of being unhoused. We hear from MIKE HERSH that his blog on Trump reminds us that FDR had Eleanor & Frances Perkins at his back. From Georgia we hear from the great RAY MCCLENDON about a critical upcoming utility commission election in the Peach State. PSC candidate DANIEL BLACKMAN tells us first hand about the challenges of running for election amidst some of the most corrupt electoral realities anywhere. Legendary Pacifica activist MYLA RESON asks what we can do to help Daniel help save Georgia's electricity grid. That sentiment is echoed by Alabama native DR. RUTH STRAUSS. New Jersey activist MICKI LEADER also calls for grassroots activism to save our democracy. From PAUL MOBLEY we get a terrifying report on the health disaster at the Portsmouth-Piketone uranium facility in southern Ohio. The great KARL GROSSMAN reports on the bad news from Trump's death machine on pushing new atomic reactors. The court-killing clause in Trump's “beautiful” bill is raised by LYNN FEINERMAN and DANIELA GHIBELLI…on which we'll do a deeper dive next week.
George W. Bush And The 2007-08 Financial Crisis And A Brief History of America's Economic DevelopmentInterview with Dan OstranderIn this My Life Now episode, Dallas interviews author Dan Ostrander.About the Book:Foreword by President George Bush. This book is about political pragmatism and presidential leadership. It demonstrates from an historical perspective that political pragmatism, in many cases, is an essential ingredient of effective Presidential leadership. Something in politics that some politicians do not understand, but Presidents Bush, Ford, FDR, Lincoln, and Jefferson did, is that a President is elected to lead the country in the direction which is best for the American people. There are times when historical events force a President to lead the country in a direction supported neither by the general public nor his party and is neither in his nor his party's immediate political interest. But as President, Abraham Lincoln believed he would serve his party best by serving his country first. In order to prepare the reader to evaluate the leadership of Bush in the 1990 Budget Agreement, and Presidential leadership in general, the first chapter of the book discusses the sources of Presidential power. In doing so, the changes in the role of the office of the Presidency, as dictated by history, are viewed through the actions of earlier Presidents. The following chapters demonstrate great acts of political courage by Presidents who led the country in a direction that was not popularly supported during their Presidency. The final two chapters show how the Bush Administration established the economic structure which has led to the longest economic expansion of our history. Bush has never been an advocate of high taxes, but in order for the American people to have the opportunity to use their talents and entrepreneurship to work their magic on the economy there are times when courageous leadership and personal sacrifices have to be made. In 1990 President Bush made that sacrifice. Bush had the vision to see the direction the country must move and had the personal character and integrity to lead his party and the country in that direction.The mark of a great President and a great party is to provide superior and principled leadership and ideas; it is not merely to win an election. Now, as a result of the economic recovery initiated by the 1990 Budget Agreement, Bush has demonstrated that Lincoln was right. A President does serve his party best by serving his country first.Buy Your Copy of the Book: https://a.co/d/cTRIvmCThank you for listening to and supporting the My Life Now podcast show. We are excited to connect with each of our listeners on our various platforms. Below is the best way you can not only connect with us but also have an opportunity to be featured on our Podcasts.For Marketing and Publishing needs, Buscher's Social Media Marketing LLC (https://www.facebook.com/buscherssmm)
It's Thursday, June 5th, A.D. 2025. This is The Worldview in 5 Minutes heard on 140 radio stations and at www.TheWorldview.com. I'm Adam McManus. (Adam@TheWorldview.com) By Jonathan Clark and Adam McManus Christian groups in India to speak out against persecution June 9 Christian groups across India are organizing a protest against persecution of Christians on Monday, June 9. The National Christian Front noted, “Our Christian brothers and sisters are enduring brutal attacks and growing intolerance from anti-social elements. This is not merely a Christian issue — it is a grave concern for humanity, for peace, and for the values enshrined in our Constitution.” Christians suffered over 600 incidents of violence and discrimination in India last year. The country is ranked 11th on the Open Doors' World Watch List of most difficult places to be a Christian. U.K. Christian groups calling for prayer on June 11 In the United the Kingdom, Christian groups are calling for a day of prayer on Wednesday, June 11 for protecting human life. This comes as lawmakers are considering bills to legalize assisted suicide. Listen to comments from Ciarán Kelly, director of The Christian Institute. KELLY: “This is a crucial time for our country. So, it's vital that Christians are asking the God, Who made Heaven and Earth, that He would overrule in all these things, to protect vulnerable people from this careless and callous bill.” In 1 Timothy 1:1-2, the Apostle Paul wrote, “I exhort first of all that supplications, prayers, intercessions, and giving of thanks be made for all men, for kings and all who are in authority, that we may lead a quiet and peaceable life in all godliness and reverence.” Trump overturns pro-abortion Biden rule In the United States, the Trump administration rescinded a pro-abortion rule on Tuesday that came from the Biden administration. The rule tried to force hospital emergency rooms to offer abortions even if the state restricted them. Matt Bowman, Senior Counsel at Alliance Defending Freedom, said, “Doctors—especially in emergency rooms—are tasked with preserving life. The Trump administration has rolled back a harmful Biden-era mandate that compelled doctors to end unborn lives, in violation of their deeply held beliefs.” Trump raises tariffs on steel imports President Donald Trump signed an executive order on Tuesday to raise tariffs on steel imports. The order doubles tariffs on steel and aluminum coming into the country from 25% to 50%. The levy will affect steel exporters in Canada, Mexico, and many countries in Europe. However, the tariff on steel from the United Kingdom remains at 25% as the U.S. and U.K. work out a trade deal. Dust from Africa's Saharan Desert hits America Over the weekend, a massive plume of dust made its way to Florida all the way from the Saharan Desert in Africa. Such dust plumes are known as the Saharan Air Layer and typically cross the Atlantic each year. The current plume is the biggest one to reach the U.S. so far this season. It measures nearly 2,000 miles wide and 750 miles from north to south. The dust can diminish air quality but also creates spectacular sunrises and sunsets. Only 1 in 100 Evangelical pastors leave ministry annually A report from Lifeway Research found that only 1 out of 100 Evangelical pastors leave the ministry each year. This low rate has remained steady for the last 10 years despite many pastors acknowledging their work is very demanding and even overwhelming. Scott McConnell with Lifeway Research said, “The rate of pastors departing the pastorate is steady and quite low given the demands of the role. Many of those leaving the pastorate feel they are moving at God's direction to another role of ministry.” In 2 Timothy 4:2, the Apostle Paul wrote, “Preach the Word! Be ready in season and out of season. Convince, rebuke, exhort, with all longsuffering and teaching.” The American Miracle movie shows God's intervention in U.S. The Left insists that there's nothing special about America. But a new docudrama contends that God inspired its founding. The American Miracle – Our Nation is No Accident hits the silver screen in 1,000 theaters nationwide for 3 days only -- Monday, June 9th through Wednesday, June 11th. Inspired by Michael Medved's bestseller, this exciting, entertaining, and edifying motion picture experience was created in anticipation of the 250th anniversary of the Declaration of Independence. ‘ Medved appeared on The 700 Club. MEDVED: “America is no accident. All of our most important leaders, from Washington to Lincoln to Woodrow Wilson and Franklin Roosevelt -- all of our leaders have understood that America has a divine purpose.” Consider God's protection of George Washington – the Father of our Country -- in a ferocious battle in 1755 during the French and Indian War. During the Battle of Monongahela, 69 of 70 officers were either killed or wounded. Washington was the only officer who was not shot off his horse. In fact, two horses were shot from underneath him. Yet he lived. Even a Native American chief later said they couldn't touch Washington. Shockingly, after the battle, he found numerous bullet holes in his jacket and bullet fragments in his hair, but he was miraculously unscathed. No wonder they called him “Bulletproof.” Visit the website https://americanmiraclemovie.com/, watch the trailer, click on Tickets, and type in your zipcode to get tickets for next week at a theater near you. Watch the trailer. Worldview listener in Florida speaks up On Wednesday, I was delighted to receive 23 emails at Adam@TheWorldview.com about what listeners enjoy about this newscast. Amy Cool from St. Cloud, Florida wrote, “I like that I can trust The Worldview newscast to report the truth from a Biblical perspective. I like the Scriptures referenced as they pertain to a particular story because it shows the relevance of the Bible to our life today. That's often hard for people to see when they haven't grown up in a home where the Bible was read or explained.” 14 Worldview listeners gave $1,420 to fund our $123,500 annual budget Toward this week's $30,875 goal to fund one-fourth of The Worldview newscast's annual budget by this Friday, June 6th, 14 listeners stepped up to the plate on Wednesday by 7:15pm Central last night. Our thanks to Grace in Duncanville, Texas, Greg in Rochester, New Hampshire, Andy in Santa Barbara, California, and George in Carrollton, Missouri – each of whom gave $25. We also appreciate Jalynn in Sapulpa, Oklahoma, Jon in Granger, Indiana, and Steven in Jacksonville, Florida – each of whom gave $50. We're grateful to God for Nancy in Peabody, Massachusetts, Kevin in North Bend, Oregon, and Robert in Plano, Texas – each of whom gave $100. And we appreciate the generosity of Paula in Breaux Bridge, Louisiana who pledged $10/month for 12 months for a gift of $120, Dawn in Troy, Montana who gave $150, Amy in Seminole, Texas who gave $300, and Dawn in Smithville, Texas who pledged $25/month for 12 months for a gift of $300. Those 14 listeners gave a total of $1,420. Ready for our new grand total? Drum roll please. (Drum roll sound effect) $6,352 (People clapping sound effect) We missed our goal of 20 donors by just 6 donors. That means by this Friday, we still need to raise $24,523. Whether it's Thanksgiving or Christmas, we churn out a weekday broadcast 52 weeks per year. It's a commitment we're glad to make, but we need help to cover the cost. Would you prayerfully consider investing $100 per month for 12 months into this ministry, helping to pay for the work of the six-member Worldview team? If 20 of you made that pledge we would hit our Friday, June 6th goal one day early. Just go to TheWorldview.com and click on Give on the top right. And click on the button that indicates a recurring donation if you want to give monthly. Thanks for investing your resources into this media ministry that champions the truth. Our plumbline is Jesus Christ Himself. Close And that's The Worldview on this Thursday, June 5th, in the year of our Lord 2025. Subscribe for free by Spotify, Amazon Music or by iTunes or email to our unique Christian newscast at www.TheWorldview.com. Or get the Generations app through Google Play or The App Store. I'm Adam McManus (Adam@TheWorldview.com). Seize the day for Jesus Christ.
Welcome back to Motivational Sunday with Kevin and Friends! In this soul-stirring episode, our incredible hosts and special guests dive deep into the powerful quote by Franklin D. Roosevelt:"A smooth sea never made a skilled sailor."From the emotional journey of Denise immigrating to the U.S. at 14, to Christopher's Naval service, to powerful reflections from Otis, The Truth, and others—this session is packed with vulnerability, resilience, and triumph.
My guest is Hon. Jerleen Hollimon-Miller, former 12 year Mayor of Maysville, SC. She was born in Maysville, also birth place of her illustrious, famous Great Grand aunt, Dr Mary McLeod Bethune, confidante of former First Lady of the United States, Eleanor Roosevelt and a member of FDR's kitchen cabinet. She is former teacher and children's author of "The Might Hugo Comes to Town" and "Oh My, Hair Day". Her administration embarked on a focus of improving the town by linking it to being a tourist destination by linking it to the legacy of Dr Mary McLeod and renovating a number of town bulidings, including the Mary McLeod Bethune Museum and The Mary McLeod Bethune Learning Center. It is a very historic, heartwarming and extremely informative episode. This is the story of her grit and determination to make it happen.I guarantee you will love it... Enjoy! Produced, directed, edited and hosted by Stephen E Davis
Trump is Right About South Africa, Trump & Musk Just Went Dark After Fort Knox Meeting Trump is Right About South Africa https://youtu.be/qwuJhhoyJOU?si=qtOhUbT6HRT4djon Mr Reagan 398K subscribers 18,402 views May 27, 2025 Podcasts Patreon: / mrreagan ----------------------------------------------- MR REAGAN MERCHANDISE https://teespring.com/stores/mr-reagan -------------------------------------------- FOLLOW MR REAGAN ON TWITTER! / mrreaganusa BREAKING: Trump & Musk Just Went Dark After Fort Knox Meeting - The Secret They Found Is Wild! In this explosive segment from the Next News Network's RAW FEED, host Gary Franchi uncovers the most terrifying financial conspiracy in American history. President Donald Trump promised to audit Fort Knox, then suddenly went completely silent. Elon Musk wanted to livestream the vault inspection, then vanished from all conversations about it. What they discovered inside America's gold repository has shaken them to their core, and now the truth is finally coming out. For over fifty years, no independent audit has verified the 147.3 million ounces of gold supposedly stored at Fort Knox. That's nearly a trillion dollars in wealth that nobody can prove exists. Senator Rand Paul has been fighting for transparency, demanding access to verify America's gold reserves. Senator Mike Lee, who has clearance for nuclear weapons sites, has been repeatedly denied entry. Think about that—a United States Senator with top-secret clearance can't get permission to see our own national treasure. The last public inspection was in 1974, and it was a joke. Only six House members and one senator were allowed inside. They saw one vault, had limited access, and conducted no full inventory. Since then, Americans have been completely locked out of their own wealth. The government claims they conduct annual audits, but these are internal checks with no press, no video, no independent oversight. They expect you to trust their word while they hide behind 22-ton vault doors and blast-resistant walls. Gary Franchi reveals shocking evidence that some gold bars may have been replaced with gold-plated tungsten—a worthless metal that weighs the same as gold but has no value. This deception is chemically undetectable without drilling into the bars, something the government has never allowed. Former Department of Defense insiders claim the gold may be chemically corroded from extreme vault humidity, radiation exposure, or storage mishandling. No one audits the integrity because they're terrified of what they'll find. The timeline tells the whole story. In February 2025, Trump repeatedly vowed to audit Fort Knox. He made bold statements on Air Force One and during speeches. By March, both Trump and Musk went completely silent. No follow-up, no explanation, no transparency. This wasn't coincidence—they were silenced. Either they discovered the gold is gone, corrupted beyond use, or leveraged in ways that would trigger global economic collapse if exposed. This connects to a dark history going back to 1933 when FDR seized gold from American citizens under Executive Order 6102. That confiscated gold was moved to Fort Knox, supposedly for safekeeping. What began as a national safeguard became a generational blackout. In 1971, Nixon severed the dollar from gold, ending convertibility. Once the dollar wasn't backed by Fort Knox, officials no longer had to prove anything was really there. Want to support independent journalism that exposes what mainstream media won't touch? Watch this video at- https://youtu.be/stN3q1mAwEc?si=D_saclPO97Iz4Jei The Next News Network 2.25M subscribers 78,599 views May 28, 2025 The Top News Of The Day
Derek Coburn is a seasoned financial advisor, entrepreneur, and bestselling author of Networking Is Not Working. He is the co-founder of Cadre, an exclusive community for CEOs and entrepreneurs, and a respected voice on redefining success and fulfillment. In this episode, Derek dives into the ideas behind his new book Let's Retire Retirement, challenging the outdated notion of traditional retirement and offering a fresh, liberating approach to living well now and later. Listeners will gain valuable insights on how to align financial planning with purpose, connection, and long-term joy—without waiting for “someday.” Today we discussed: 00:00 Introducing Derek Coburn 00:45 The true history of retirement: Bismarck, FDR, and outdated milestones 03:24 Why 25–30% of retirees are going back to work 04:50 The concept of redefining retirement for personal fulfillment 07:37 Entrepreneurs and the myth of I'll do it after I exit 08:49 Real-world case study: Jay Baer's pivot from agency to tequila influencer 10:13 Financial math: how working longer cuts required savings dramatically 12:07 The 401(k) rethink: taxes, Roth conversions, and planning smarter 13:38 Parenting, presence, and valuing your $50,000 moments 14:58 The mindset shift needed to fully embrace this new paradigm More About Derek Coburn: Pre-order Let's Retire Retirement and access exclusive bonuses: https://DerekCoburn.com Rate, Review, & Follow If you liked this episode, please rate and review the show. Let us know what you loved most about the episode. Struggling with strategy? Unlock your free AI-powered prompts now and start building a winning strategy today!
Elizabeth Wilkins, president and CEO of the Roosevelt Institute (and daughter of the legendary Roger Wilkins), reveals how a possible recession will impact Black America and shares how the progressive legacy of FDR and Eleanor can help shape the Democratic Party in the future.Become a supporter of this podcast: https://www.spreaker.com/podcast/tavis-smiley--6286410/support.
Send us a textCongressman Mike Quigley is in his 9th term representing Chicago's North Side and Lakefront as a Democrat in the House. He made waves last year after the first presidential debate as one of the first elected Democrats to publicly urge President Biden to step aside as the party's nominee. In this conversation, we talk through what led him to speak out, the reaction from the White House and his colleagues, and why he believes it's an important conversation for the party to have now. We also discuss his path in politics as a staffer, as a reformer on the Cook County Board, winning a 20+ candidate '09 special election to replace Rahm Emanuel in the House, favorite moments during his tenure, what he's learned visiting Ukraine, and what Democrats need to do to better connect with voters.IN THIS EPISODEGrowing up in a conservative, blue-collar household in in the Midwest...The teacher who made an impression on his politics and the advice he continues to quote today...Learning both theory at the University of Chicago and practical politics while cutting his teeth in Cook County politics...Why he lost his first race for office and how he turned a loss into a win a few years later...A decade on the Cook County Board as a reformer taking on the Chicago machine...How he won a 20+ person special election in 2009 to replace Rep. Rahm Emanuel in the House...Initial impressions and surprises in his early days in Congress...Two members who served as his mentors...Some of the work he's done in the House he's most proud of...Why Ukraine matters and what he's learned by traveling to the country several times...Why he was one of the first Democratic elected officials to call on President Biden to step aside as the '24 Democratic nominee in the aftermath of the debate...Reactions from colleagues and constituents after going public with his concerns about President Biden...Do Democrats have a larger problem of too many older Democrats refusing to retire and make way for younger leaders?Thoughts on how Democrats can better connect with voters...His favorite Chicago Blackhawks' memory and excitement for the new Chicago Pope...AND John Anzalone, big cats, Rod Blagojevich, burning your mortgage, cannon fodder, Frank Capra, Carol Stream, Forrest Claypool, Walter Cronkite, Paul Ehrlich, Sara Feigenholtz, John Fritchey, William Fulbright, Mary Gatey, Gabby Giffords, Newt Gingrich, Bernie Hansen, Kasie Hunt, Mark Kirk, John Lewis, Barack Obama, Nancy Pelosi, Vladimir Putin, Robert Redford, Branch Rickey, FDR, Paul Ryan, Helen Schiller, Glenn Schneider, Michael Sheahan, Adam Smith, spring chickens, John Stroger, Larry Suffredin, Studs Terkel, Harry Truman, The Weiner Circle, Gary Williams, working for the pension...& more!
The extraordinary life of forgotten World War II hero Evans Carlson, commander of America's first special forces, secret confidant of FDR, and one of the most controversial officers in the history of the Marine Corps, who dedicated his life to bridging the cultural divide between the United States and China“He was a gutsy old man.” “A corker,” said another. “You couldn't find anyone better.” They talked about him in hushed tones. “This Major Carlson,” wrote one of the officers in a letter home, “is one of the finest men I have ever known.”These were the words of the young Marines training to be among the first U.S. troops to enter the Second World War—and the Major Carlson they spoke of was Evans Carlson, a man of mythical status even before the war that would make him a military legend.By December of 1941, at the age of forty-five, Carlson had already faced off against Sandinistas in the jungles of Nicaragua and served multiple tours in China, where he embedded with Mao's Communist forces during the Sino-Japanese War. Inspired by their guerilla tactics and their collaborative spirit—which he'd call “gung ho,” introducing the term to the English language—and driven by his own Emersonian ideals of self-reliance, Carlson would go on to form his renowned Marine Raiders, the progenitors of today's special operations forces, who fought behind Japanese lines on Makin Island and Guadalcanal, showing Americans a new way to do battle.In The Raider, Cundill Prize–winning historian Stephen R. Platt gives us the first authoritative account of Carlson's larger-than-life exploits: the real story, based on years of research including newly discovered diaries and correspondence in English and Chinese, with deep insight into the conflicted idealism about the Chinese Communists that would prove Carlson's undoing in the McCarthy era.Tracing the rise and fall of an unlikely American war hero, The Raider is a story of exploration, of cultural (mis)understanding, and of one man's awakening to the sheer breadth of the world. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history
Did the Western powers fail at Yalta? Did Churchill hold strong in his red line about the fate of Poland? Why did the Big Three eat a huge feast in the middle of a war zone? In the final episode in the story of the infamous Yalta conference, Anita and William discuss the moment that Stalin, FDR, and Churchill signed on the dotted line. ----------------- Empire Club: Become a member of the Empire Club to receive early access to miniseries, ad-free listening, early access to live show tickets, bonus episodes, book discounts, our exclusive newsletter, and access to our members' chatroom on Discord! Head to empirepoduk.com to sign up. For more Goalhanger Podcasts, head to www.goalhanger.com. ----------------- Email: empire@goalhanger.com Instagram: @empirepoduk Blue Sky: @empirepoduk X: @empirepoduk Assistant Producer: Becki Hills Producer: Anouska Lewis Senior Producer: Callum Hill Learn more about your ad choices. Visit podcastchoices.com/adchoices
Author and financial expert, Chris Whelan, joins Keith as they explore the intricacies of the housing market's potential future. Chris drops an intriguing prediction of a possible 20% price correction. They dive deep into the complex world of real estate, examining the pandemic's significant impact on mortgages and economic trends. The conversation reveals the behind-the-scenes challenges of the housing market, from government interventions to the nuanced effects of interest rates and forbearance programs. They unpack the struggles in commercial real estate, particularly highlighting the unique challenges in markets like New York's rent-controlled properties. Chris's new book "Inflated: Money, Debt, and the American Dream" promises an insightful journey through America's economic transformation, tracing how the nation evolved from an agrarian society to a global economic powerhouse. Show Notes: GetRichEducation.com/556 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold, what's the state of the housing market for the next five years, and could what's happening in the foreclosure market affect it? I see relative housing market price stability. My guest sees cracks. This could be somewhat of a debate today, then two great new cash flow and real estate markets in the same state that we're helping your portfolio with on get rich education, mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider. Their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with the Better Business Bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter, remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com. Corey Coates 1:56 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 2:12 Welcome to GRE from Edison, New Jersey to Edinburgh, Scotland, where I am today, and across 188 nations worldwide, I'm Keith Weinhold, and you are back for another wealth building week on get rich education. Today's guest came to me recommended. It came from a guest that we've had on the show here before, Jim Rickards and his daughter Ally Rickards. His name is Christopher Whelan. He has a distinguished background. Comes from a prominent family, and he's the author of a new book that just published a few weeks ago. His father, Richard Whelan, was the biographer of Joe Kennedy, and was advisor to presidents and Fed chairman and today's guest, his son there, Chris. He has done a lot of work in DC. He lives just north of New York City today. So I guess coming recommended from Jim Rickards and learning a few things about today's guest helped me want to host him on the show. So though I'm just meeting him for the first time right here on the show, as it turns out, I learned that he has mentioned on other channels that real estate prices could correct down 20% and fall back to 2020 levels. I absolutely don't see how that's possible in any way. I'm going to bring that up with him, so we'll see. This could turn into somewhat of a debate. Like I said last week, I believe that significantly falling housing prices. That's about as likely as grocery store prices falling back to 2020 levels. Yes, I am in Edinburgh, Scotland today. It's my first time here. My mom, dad and also my brother's entire family came over from the US to meet up. It's been great. We're taking in all the best sites, Edinburgh Castle, other castles, the Scottish Highlands, Loch Ness, though I don't believe in any Loch Ness monster at all. I mean, come on, what a hoax. And we're seeing some other sites, though it didn't really interest the others, which I could understand. I visited the home where Adam Smith once resided, and I might put my video about that on our get rich education YouTube channel, so you could check that out over there. Of course, Adam Smith is considered the father of modern day economics for his work on supply versus demand and the GDP concept, the invisible hand, concept, much of that work conveyed in his magnum opus, The Wealth of Nations, published in 1776 as for the present day, let's meet this week's guest, including me, meeting him for the first time. I'd like to welcome in a first time guest. He's the author of a widely acclaimed new book. It's named inflated money, debt and the American dream. It just released, and the book couldn't be more timely with the multitude of challenges related to inflation, many involving the housing market in his earlier books, he's been known, frankly, for just telling his readers the truth. He's worked at the Federal Reserve Bank of New York in politics and as an investment banker for more than 30 years. Today, he runs Whalen Global Advisors. You've seen him on CNBC in the Wall Street Journal, and now you're hearing him on GRE Welcome to the show. Chris Whalen. Chris Whalen 5:43 Thank you, Keith, appreciate your invitation. Keith Weinhold 5:45 Whalen is spelled W, H, A, l, e, n, if you're listening in the audio only, Hey, Chris, we're in a really interesting time in the economic cycle. We all know the Fed has a dual mandate, high employment and stable prices. What's interesting to me is, late last year, they cut rates by a full 1% and this is despite inflation being above target. Makes me wonder if they care more about high employment and they're rather willing to let inflation float higher. What are your thoughts? Chris Whalen 6:18 I think historically, that's been the case. You know, the dual mandate Humphrey Hawkins, that drives the Fed's actions today was a largely socialist compromise between the Republicans and the Democrats. The Democrats wanted to guarantee everybody a job after World War Two, the legislation was really about soldiers and people who had served their country in many, you know, places around the world, for a long time, and then you would have the depression. So you had a whole generation or more of people that were looking for help when they came home. And that's what this was. But today, you know, there's another mandate, which is called keeping the treasury bond market open. We saw it was during COVID in 2020 President Trump got up, declared that people didn't have to pay their rent or their mortgages, and then didn't do anything. There was no follow up. At the time, folks in mortgage industry kind of looked at each other funny for about 60 days and said, What's going to happen? Because they have to advance principal, interest, taxes and insurance to protect the house. The first rule in mortgage finances protect the asset. But it all worked because the Fed dropped interest rates to zero and we had a boom. We refinanced two thirds of every mortgage in the United States, and that cash flow allowed the finance forbearance for millions of Americans. Now the unfortunate part, of course, was home prices went up double digits for six years. So why we had no affordability today? So, you know, it helped, but it certainly didn't help in some ways, Keith Weinhold 7:48 mortgage loan forbearance back in the COVID era about five years ago, where you could basically just skip your mortgage payment and then they increase the overall duration of your loan period. Chris Whalen 8:00 That's right. So you know, your government market, your conforming market, were falling. They also had various schemes, state forbearance for non agency loans. Nobody thought at all about the multifamily sector and the developers that didn't get paid for two years. And we're feeling the impact of that. Of course, today, that's probably the biggest pain point in US economy today is commercial real estate and multi family real estate, and neither one of them involves a consumer. So it gets no attention at all. You read about it in the specialty press, but that's about it. Keith Weinhold 8:34 And by talking about multi family not affecting the consumer, you're just talking about who's on the owner side there? Chris Whalen 8:40 precisely if all of the consumers have problems, you'd hear about it, and you do, especially in some of the blue states. I live in New York, so we have some of the more aggressive rent stabilization, rent control laws in the country. And they go back to World War Two. They go back almost a century, Keith Weinhold 8:58 right? It's those people in the one to four unit space in residential real estate investing that really got the help there. Chris Whalen 9:06 Well, at least, you know, the world didn't end. Imagine if all of those people had gone to foreclosure. The industry wouldn't have done that. Of course, they would have thrown up their hands and cried for help. But the point is, they made it work. But the cost of making it work that zero interest rate regime that the Fed put in place is still being felt today. If you look at banks which typically have prime large mortgages on their books, the loss given default is zero. Home prices are so high that if somebody actually goes to foreclosure, they sell the house, they pay off the loan easily, and there's usually a large residual left, which would go to the homeowner. So today, you know, if somebody gets in trouble, we do a short sale, we do a deed in lieu, and off they go. And that's why the stats don't show you the pain that many American families are feeling today, because about 60% of all payoffs of one to four family mortgages are people who. Are exiting the market, they're not going to buy another house. So what that means is that the cost of home ownership, or whatever other factors are involved, has made them make the decision not to go to another home mortgage. Keith Weinhold 10:13 Yes, we have this historically low affordability that's beginning to be reflected in the home ownership rate. It's trended down from about 66 to 65% recently, we continue to be in this environment here, Chris in the one to four unit space, where those existing homeowners are in really good shape. They have record high equity levels of over 300k A lot of them have their home paid off. About 40% of American homeowners own their home free and clear, and of the remainder, those borrowers, 82% still have a mortgage rate of under 5% and of course, that principal and interest payment stays fixed. So even if there's economic hardship, it's pretty easy for people to make their payments and stay in their homes. Chris Whalen 11:02 Well, it certainly is for most of the marketplace. If you look at the bottom 20% the FHA market, also the VA market, there's a little more stress there. There's still an awful lot of people who are in various types of forbearance in that market. That's going to end in October. So the Trump administration is pushing most of the rules back to pre COVID approaches for delinquency, for example, what we call the waterfall. And what that basically means is that if an FHA borrower gets in trouble, they'll have one shot at a modification where they lower the loan cost and stick part of the loan out the back to be paid off when the house is sold. If that doesn't take, if they don't re perform, then they're going to go to a foreclosure. We just ended another program for veterans. You know, they had three weeks notice, so now you're going to see a lot of veterans going to foreclosure. Unfortunately. Keith Weinhold 11:56 yes, this administration is basically making sure that people are responsible or resume their payments. We've seen that student loan repayments needing to resume as well. Most foreclosure rate types are still pretty low, but yes, FHA foreclosure rates are higher than those for conventional loans. Chris Whalen 12:15 Yeah, the interesting thing is, the veterans delinquency rate is half of the FHA rate, and even though people in uniform don't make a lot of money, they pay their bills. Yeah, it's quite striking. Keith Weinhold 12:25 Why don't you talk to us more about areas where you see distress in the housing market before we talk about more inflation? Chris, the Chris Whalen 12:34 key areas of housing stress at the moment are commercial real estate that has become underutilized. COVID drove a lot of this, but also the fact that industries could change their work practices. It could have people work from home. Look at housing. We sent everybody home in 2020 while we increased headcount by a third to address a surge in lending volume. It was insane. I gotta tell you, we were hiring people that we didn't see for months that changed the business model assumptions for a lot of industries. A lot of them moved out of blue states and went down to Florida and Texas. In the mortgage industry particularly, and so we have a lot of older real estate particularly, that is suffering. It has dropped in terms of appraised values. You also have higher interest rates and higher cap rates, that is to say the assumption of returns on the part of investors. So that hurdle has made a lot of these properties impaired, essentially. And then the other subclass is older multifamily properties. Think about those beautiful old apartments in the middle block up on the east side or the west side of Manhattan. They're not big enough to be viable, and so they have become this kind of subprime asset class, much in the way if you recall the signature bank failure, they typically bank these sorts of real estate properties, and now there's nobody that wants them. I think you're going to see some very specific pain coming out of HUD, and also Fannie Mae and Freddie Mac because they bank some of these smaller properties that really aren't bankable by commercial banks. That's what it comes down to. If you're going to read about this and hear about it a lot in the commercial market over next several years. And again, you know, the losses on bank owned multifamily properties today are averaging 100% so that means that there are a lot that have more expenses than simply losing the full loan amount. And you know, if you want to have a bank loan, they're not taking these properties. They don't want them, right? So the bank, REO rate, if you look at the data from the FDIC, is zero. And what that tells you is that they can't sell the properties they don't want them, because if they take ownership, the city's not going to let them abandon the property. They'll have to keep it and maintain it. It's a tough situation. This is. Has evolved over the last 20 years or so, because consumer incomes have been kind of stagnant in real terms. But the cost of operating a property in New York City is not going down. It's going up quite a lot, and the legislation we've seen from Albany doesn't allow owners to recapture expenses, doesn't allow them to renovate apartments. So if I have a rent stabilized apartment, I'll use a real example, in a beautiful building on Central Park South right, to renovate a unit that's been occupied for 20 years, new kitchen, new bathroom, sir, everything services. That's $150,000 so if I'm the owner and I can't recapture that cost. What do I do? I lock the door, I gut the apartment, and I lock the door, and I hope that the laws will change in the future, because I can't rent it, my insurance underwriter will not allow me to rent out an apartment that's not brought up to code. That's New York law, but the folks in Albany don't care about that. We have some really unreasonable people in positions of authority, unfortunately, in some of these states, and you talk to them about these issues, and they don't care. They just pander to consumers, regardless of whether or not it makes sense or not. And that's just the way it is. Keith Weinhold 16:15 Those evil landlords, quote, unquote, most right evil. They're just mom and pop investors that are trying to beat inflation with real assets, and they have real expenses. Rent Stabilization basically just being a genteel term for rent control, which gives no one an incentive to improve a property for sure Chris Whalen 16:35 and it reduces the availability of housing ultimately, because nobody builds. You see that in New York right now the home market is pretty tight, up to the conforming limit for Fannie Mae and Freddie Mac so you figure a million, 1,000,002 here in New York. But above that, it's quieted down quite a lot. There's compression in some of the higher end homes. And you know, if you go down south, you see a different problem, which is over building. They didn't want to build here, so they went down to the Carolinas and Texas and Florida. There's a huge amount of both multi family condo type developments and single family homes too. But above that average price level way above half a million dollars. Keith Weinhold 17:15 Sure, it's made this dynamic where things have been flip flopped in the Northeast and Midwest, where the populations aren't growing very fast, those markets have been appreciating more than those in the high growth southeast, all coming back to supply. They're not bringing on enough new supply in the Northeast and Midwest, Chris has just laid out a few reasons for that, due to this high regulation. And then in the southeast, a high growth area, even though that's where people are moving, we're not getting much appreciation there, because you're able to build and that supply is able to keep up with demand. Well, Chris and I are going to talk more about the housing market and about inflation. When we come back, you're listening to get rich education. Our guest is Chris Whelan, the author of a great new book. I'm your host. Keith Weinhold. the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments, liquidity fund again. Text family to 66866. Kathy Fettke 19:45 this is the real wealth network's Kathy Fettke, and you are listening to the always valuable get rich education with Keith Weinhold. Keith Weinhold 20:00 You welcome back to get rich education. We're talking with the author of a great new book, Chris Whelan, it's called inflated money, debt and the American dream. Chris, I see the residential housing market and their price points as being resilient. I'm kind of looking around and seeing if you have any places where you think that there are any cracks in that? I've heard you talk elsewhere about a housing price correction. Were you talking in the one to four unit space? And how do you think that could happen? Chris Whalen 20:31 I didn't come up with that idea. I did a biography of my good friend Stan middleman, who's the founder of freedom mortgage. It's a real rags to riches story of a successful entrepreneur, a great guy, by the way, is a beloved man in the mortgage industry. And so what he believes is that cycles are about a decade in terms of human behavior. And he says misery on the eights, which is kind of a cute way of saying it. And what Stan is basically saying is you eventually see so much price appreciation that affordability goes to zero. You run out of buyers, is another way to put it. And then once the Fed gooses it, he thinks we see an interest rate decline this year next year, perhaps you get rates to run a little bit. You get volumes to jump the way they did last summer. You remember, in the third quarter, we had great volumes in the mortgage industry, carried everybody through to the end of the year, and then after that, he says, we get a price correction, maybe back down to 2020 21 levels. So we're talking about a 20% price correction, and we're talking about the loans that have been made in the last few years being underwater. That's something we haven't talked about in a long time. We haven't talked about that since 2008 so I think that Americans inevitably have to see some kind of a correction. What the Fed did was wrong, what they did was excessive. I write about that in the end of my book, but unfortunately, the result is home prices that have galloped along, and eventually you got to reset it. Part of its supply coming online. Part of it is simply, like, I say, you run out of buyers, and when it's simply that purchase buyer who is either all cash or happens to have the deposit, and that's all you have. And there's no flexibility for people that want to get into the market. You know, that's tough. I could recall Paul Volcker years ago, we were talking about that in the book too. He ratcheted down home prices. He raised interest rates so much that home prices went down, and a lot of builders went out of business who had had a lot of snls go out of business, and, you know, the previous decade. So that was a tough time. We didn't even start to do that this time around, because they were afraid to the Fed is worried about keeping the Treasury market open, so they are afraid of deflation, which unfortunately means you don't get those opportunities to get into the market. I remember my parents, when I was very young, they would buy busted homes in Washington, DC. It was a great way to make a lot of money, and in five years, the House would double. That's the kind of market Washington was Keith Weinhold 23:05 in my opinion, I don't see how there could be any substantial residential home price correction. Historically that happens when there's a wide swath of homeowners that get into financial trouble, like I was talking about earlier, the homeowner is in great financial shape today. In fact, since World War Two, we've only seen home prices drop substantially during one period. That was that period around 2008 and that's when we had conditions that are opposite of what they are today. We had loans underwritten with liar loans. We had an over supply of homes, like I was saying earlier, inflation can't touch one's principal and interest payment. We're still under supplied with homes. Most experts don't think we'll get that into balance for at least five years. I really don't see how home prices could fall substantially. I also don't see how they could rise substantially, like, say, 10% due to that low affordability, but I expect continued stability in prices? Chris Whalen 24:02 Well, we'll see. I'm not as sanguine about that, because a lot of people feel house rich on paper, but when the bottom of the stack is really hurting as it is now, FHA delinquency rates really are in probably the mid teens. You don't see that yet in the middle with the 727, 40 FICO type borrowers. But I think over time you could, and if, again, it depends on the economy and some other factors, but I'll tell you right now, you're already seeing a correction in the hyad the bottom half, no. And there's a supply problem here, which I agree with you on. It's going to keep those home price is pretty firm. And even where I am in New York, for God's sake, Keith, there's no construction here. So we just had a house across the street from me go from million one. I live in Sleepy, hollow New York, and you know, this is typically around the conforming limit for prices for most of these homes, and it went for 150 $1,000 over the ask, it was crazy. Went in two weeks now, during COVID, we saw this sort of behavior, and we thought, Well, okay, you had zero interest rates. I got a 3% mortgage, by the way, awesome. But here we have a situation when markets cooled down a lot, and yet the lack of availability is really the driver. So in that sense, I agree with you, but I do think the high end could correct rather substantially. Keith Weinhold 25:24 And of course, in multi family apartments, that's different. That's where values in a lot of markets have been depressed by more than 30% they were subject to those interest rates being jacked up, and we're still going to see balloon loans mature and people default on those in apartments. The pain is not over with air, but at some point that's going to bottom out, and that'll be a buyer opportunity in apartments. Chris Whalen 25:47 Well, the thing is, new stuff is going fine. It's what happens is when the new gets built, the older assets down the road get discounted. That's really what's going on. People love new as you know, these kids love a new house, as opposed to an older house. Keith Weinhold 26:02 Yes, that'll help reset the prices in the new market when you can compare those to what existing values are. Well, Chris, talk to us more about your new book and what the overall thesis of the book is in these critical times. Chris Whalen 26:16 Inflated is meant to help people understand how our country went from agrarian, sleepy, isolationist America in the 1900s to being the dominant economy in the world and the provider of global money. We talk about how we got here. We talk about Abraham Lincoln and Franklin Roosevelt and many other characters. Obviously, we had to talk about Andrew Jackson, who is now embodied in our president, Donald Trump. We try and frame how this is all going to evolve in the future. And my thesis is basically the global currency role is something you get during or after a war. We took the baton from Great Britain after the First World War, and then by the end of World War Two, everybody in the world was broke, except for us. It was last man standing. And so rebuilt the world. We let everybody take advantage of us, and now President, who's saying, Nope, we got to change this. I think if it wasn't Trump, it would be somebody else. To be honest with you, Americans are tired of high inflation. They're tired of some of the other costs that come along with being the global reserve currency, so we try and frame all of this in an understandable way. And I particularly talk about housing during COVID and how that all really, I think, changed things for many Americans. Home ownership has been one of the basic ways we create wealth in this country, and the fact that we didn't have an opportunity for people to get in cheap with a fixer upper or a house that was foreclosed. You know, I think it's unfortunate, but the system just can't tolerate it. We've gone in 2008 and then in 2020 through two very significant crises when the government bond market stopped working. So we talk about that as well. Keith Weinhold 28:03 I don't predict interest rates. I think it is really difficult to do you mentioned earlier about the prospect for lower interest rates coming. Everyone wants to know about coming. What's your outlook for the future of interest rates and inflation for just say the next five years? Chris, Chris Whalen 28:19 I think interest rates will drop. That is to say what the Fed controls, which is short term interest rates. In the next year or so, we'll have a little bit of a boom as a result. But I think the concern about the federal deficit and US debt, the volatility caused by President Trump's trade strategy, and just general I think a sense of uncertainty among investors is going to keep long term interest rates higher than we saw during COVID And really the whole period since 2008 the Fed bought a lot of duration and took it out of the market, so they kept rates low. They're not going to do that as much in the future. I don't think they'll buy mortgage securities again, they are very chastened by that experience. So if they don't buy mortgage backed securities, and if the banks don't become more aggressive buyers, and I don't think they will, then you know, the marginal demand that would drive mortgage rates down is just not going to be there. Banks have been holding fewer and fewer mortgages and mortgage backed securities on their books for 35 years. If you look at the growth in the industry, the dollar amount of one to four family mortgages hasn't changed very much. So when you look at it that way, it's like, you know what's wrong? Two things. They want to only make mortgages to affluent households. They want to avoid headline risk and litigation and fines and all of that. And I think also, too some of the Basel capital rules for banks discourage them from holding mortgages and mortgage servicing rights, which is an area I work in quite a lot. Keith Weinhold 29:55 It seems to me, like increasingly, the powers. It be the United States government just won't let the homeowner fail. They want to do so much to promote home ownership over the long term, we see relative ease with getting a mortgage. We've seen lower down payment requirements during other times, including COVID. We see the government jump in with things like mortgage loan forbearance and an eviction moratorium for renters. They just don't want to let people lose their homes. It just seems like there's more propensity to give homeowners a greater safety net than ever. Well, Chris Whalen 30:29 we've turned it into an entitlement. Yeah, and Trump is changing that at the federal level. The states, the blue states, are going to continue to play that game at the state level, and they can even have state moratoria. But what's going to happen, and I think sooner rather than later, is you may see the federal agencies start to tier the states in terms of servicing fees, simply to reflect the cost. It takes over 1400 days to do a foreclosure in New York. Gosh, that is a big problem. You can lose the lien in New York now, it takes so long. So I think that, you know, from an investor perspective, from a developer perspective, it's not an attractive venue. That's just the reality. Then you even California is as progressive and as activists as it is, you can still get a foreclosure done very quickly using the trustees. It's just a totally different situation. If there are complications, you can get into a judicial foreclosure, which will take longer. But still, California works. New York is deliberately dysfunctional. We have people in the state legislature who are in foreclosure themselves, and they keep passing these laws. So, you know, I think at the federal level, you're going to see it roll back to pre COVID, but I will say that forbearance, both with respect to the agency and conventional market and private loans, is kind of the rule. Now we work with the borrower much more than we would in the past. It's it is really night and day. Keith Weinhold 32:00 Chris, your new book has gotten a lot of acclaim. Let us know anything else that we should know about this book, and then if we can get it in all the usual places Chris Whalen 32:10 you can buy it at Barnes and Noble Amazon. I have a page on my website, RC, waylon.com, with all the relevant links. But the online is the best way to get it. Most of the sales are on Kindle anyway, but well over 90% are online, so we don't have to worry about physical books. I think we'll be doing some book signings in the New York area. So we'll definitely let you know about that. Keith Weinhold 32:33 One last thought is that the rate of inflation means more to a real estate investor than it does to a layperson, maybe five times as much or more, because when we borrow for an income property, our asset floats up with inflation. That part's really just a hedge on inflation. Our debt gets debased by inflation, which is really a mechanism for profiting from inflation over time. And then, thirdly, our cash flow tends to go up even faster than the rate of inflation, since our principal and interest stays fixed, so real estate investors can often be the beneficiary of inflation. It's sort of strange to go root for a force like inflation that can impoverish so many people. But what are your thoughts with respect to real estate investors and inflation? Chris Whalen 33:19 Well, you know, it's funny when Jerome Powell at the Fed says that they have a 2% inflation target, my response is, well, we better have at least 2% inflation if we're going to make commercial real estate work. Commercial real estate went up for 75 years after World War Two. I can remember when I was in the rating business at Crowell bond ratings going to see some of the banks here in New York, their multifamily books had only seen the equity underneath the asset go up and up and up. In other words, the land ended up being 90% of the value, you know, 1520, years after the purchase and the improvements were almost worthless simply because the land appreciated so much. Now that has changed since COVID. A lot of commercial real estate, particularly has gotten under a bit of a cloud. You've seen falling prices. However, in parts of the country that are growing where you have a positive political environment, positive economic environment, you're still seeing fantastic growth in both commercial and multifamily markets. So I think being very careful and patient in doing your homework in terms of picking venues is more important now than ever before. You know, I'll give you an example. Down in Florida, we're building new malls every day. The mall down the road that's 15 years old. There's nothing wrong with it, but it's 15 years old. And so the price discounts that you're seeing for existing assets are rather striking. Same thing down in the Carolinas, down in, you know, Atlanta, and going down to the Texas growth spectacle, I'm always astounded by what's going on in Texas. They built so much in that whole area around South Lake, out by the airport. It, they're going to basically subsume used it. So, you know, in those markets, you have great opportunities, but you also have over building. And so we're going to see some cycles where they're going to be deals out there for projects that maybe were a little too ambitious have to get restructured, and astute investors can come in and do very well on that Keith Weinhold 35:20 like we often say around here, in real estate investing, the market is typically even more important than the property itself. The name of Chris's new book, again, is inflated money, debt and the American dream. It has an awful lot of intersections with real estate investors and how they can play inflation. Uh, Chris has been a terrific conversation about the real estate market and larger market forces. It's been great having you here on the show. Chris Whalen 35:47 Thank you, Keith. Let's do it again. Keith Weinhold 35:49 Yeah, some good insights from Chris, a smart guy. And gosh, what a really sad state for rent stabilized apartments in New York City, where landlords of some of those properties, they would have to spend sometimes hundreds of 1000s of dollars in order to bring them up to code, but then they couldn't charge enough rent to offset those expenses due to government intervention and price fixing, so landlords just lock up the property vacant. And this sort of harkens back to when we were talking about some of this last year, when we had documentary film maker jen siderova on the show with her film called shopification, and it was about how rent control slowly makes neighborhoods fall into disrepair. All right, Chris and I had some difference of opinion there on the prospects for a home price correction. I think I made most of my points. He did, though, talk about running out of home buyers. If I have him back, maybe I'll pick up right there. More buyers are baked into the demographics, like I think I shared with you one time the US had its highest ever birth rate years between 1990 and 2010 more than 4 million births per year for a lot of those years. Just to review this with you, you might remember that 2007 was the US is peak birth year. Add 38 years to that for the average first time homebuyer age, and that housing demand won't even peak until 2045 and it will continue to stay high for a few years after that. So that's where the demand is just going to keep coming from, just piling on. And when I say that loan conditions have eased for American homeowners, like I did there during the interview, of course, what I'm talking about is the long term. I mean, lending conditions got more rigid after 2008 and with the adoption of Dodd Frank. What I'm talking about is, before the Great Depression, it was most common to have to make 50% to 60% down payments on property, and you had to repay the entire note in five to 10 years. I mean, can you imagine how that would hurt affordability today and then later, by 1950, 15, year loans were the common one. I mean, even that would impair affordability today. Today, 30 year loans are the common one, and you can put as little as 3% down on a primary residence. A lot of people don't know that either. It does not take 20% on a primary residence. So that's what I mean about the relative ease of credit flow today. Now, Chris has knowledge about other parts of the real estate market that I don't for his work inside DC and in other places like the foreclosure market. We talked about some of that right after the interview. For example, He was letting acronyms like NPL roll off his tongue, and I had to ask him what that meant. That's a non performing loan. Check out Chris's new book. Again, it's called inflated money debt in the American dream. And again, his website is RCwhalen.com and Chris also has a great sense of history, which we didn't get into, longtime real estate guys radio show co host Russell gray and I will discuss monetary history here on the show soon. Like I said, I'm coming to you from Edinburgh, Scotland this week, even if you don't see great sites, you know, it's interesting just walking the historic streets here, if you're an American that's visited here before, you surely know what I mean. And I told you that I'd let you know, the current real estate transaction I'm involved in is paying $650 a night for the hotel here in Edinburgh. Yes, that's a lot. I've actually paid less for fancier places in Dubai, but this hotel here is on the Royal Mile. Of course, I could have found less expensive accommodations elsewhere. Speaking of less expensive, here's an announcement. And we have new investment property providers at GRE marketplace, two of them, the markets are both in Oklahoma, and they are Oklahoma City and Tulsa, Oklahoma as a state, is known for landlord friendly eviction processes and legal systems, kind of the opposite of New York. So this makes your property management more predictable. Now, when we look at this city, OKC has the lowest priced new single family rentals. I can think of it under 160k Yes, that really puts the exclamation point on inexpensive and favorable rent to price ratios often exceeding 1% which is obviously attractive for cash flow, meaning a 150k single family rental could yield over $1,500 in rent. There's high rental demand in certain sub markets. We have scouted out those exact places for you in the OKC metro, like Edmond Moore spelled M, O, O, R, E, and Midwest City, all supporting consistent rent income, though it was once really oil dependent, OKC has diversified economically, reducing your risk tied to commodity cycles and ok sees local economy that's supported by industries including aerospace, energy, health care and logistics. Then there's Tulsa. Tulsa has the highest cash flowing new build duplexes, perhaps anywhere in the US that I know about. On the single family rental side, a lot of Tulsa investors can find properties under 150k with monthly rents again exceeding 1% of the purchase price, clearly ideal. So yes, both Oklahoma City and Tulsa are now on GRE marketplace. You can either visit the pages and see them there, or one of our qualified, experienced GRE investment coaches. Meet with them. They can help guide you to the very best deals and show you the specific property addresses available right at this time for whatever best meets your needs. If you're looking to either start or expand to another market and you seek cash flow, you really need to consider Oklahoma. Yes, it is free to have a strategy session with an investment coach, whether that's for Oklahoma or other investor advantage regions. I often like to leave you with something actionable. You can start at GREinvestment coach.com start book a meeting for a free strategy session remotely. That's at GREinvestment coach.com, until next week, I'm your host. Keith Weinhold, don't quit your Daydream. Dolf Deroos 42:51 Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Advice, opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively. Keith Weinhold 43:14 You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre to 66866. While it's on your mind, take a moment to do it right now. Text, gre to 66866. The preceding program was brought to you by your home for wealth, building, getricheducation.com.
We speak with Lauren Arrington about her forthcoming book on women artists in the Federal Arts Project. The Great Depression rendered 140,000 women and girls across the United States homeless. In 1935, Franklin Delano Roosevelt founded the Works Progress Administration (WPA) that employed 8.5 million people over the course of eight years. Soon, the WPA instituted a landmark ruling forbidding sexual discrimination. As a result, between thirty and forty percent of newly hired artists on federal projects were women. This equity of opportunity enabled women to rise to positions of leadership and have access to resources that had a lasting effect on national institutions and on the history of art. In her book, Arrington challenges the popular memory of WPA art as a story of straight white men. Instead, she argues that the works of art that many women created under the Federal Arts Project made visible Black, immigrant, and women's lives in a way that challenged segregationist, xenophobic, and sexist structures intrinsic in the nation's institutions. During our conversation, Arrington explores the extraordinary achievements and tribulations of New Deal women artists and administrators. Among them include Alice Neel, Gwendolyn Bennett, Augusta Savage, Georgette Seabrooke, Lenore Thomas, and Pablita Velarde. Along the way, we track how these women and the Federal Art Project more broadly came under fire from local and national government officials who attempted to censor or suppress their radical work, to fire them from their jobs or force their resignations from projects, and to investigate them for “un-American” activity. We contemplate the challenges of writing histories of lost and often deliberately destroyed archives. And we consider the lessons of women's participation in the Federal Arts Project for the future politics of public arts provisioning.Lauren Arrington is Chair and Professor of English at University of South Florida. Visit our Patreon page here: https://www.patreon.com/MoLsuperstructureMusic by Nahneen Kula: www.nahneenkula.com
Fentanyl vs. Heroin: "Trash high"—no legs, not the same rush, felt grateful when heroin disappearedFirst Shot: A friend made him do it for free—"Misery loves company"—then couldn't stopOD Stories: OD'd twice in one day—once behind the wheel on FDR, once after snorting Bronx bags, woke up in hospital, ripped tubes out, lied about asthmaMom's Heart Attack: 4 days after OD, mom has a heart attack from stressHustles: Selling weed, flipping Suboxone, scamming friends, "like a credit card"—balances, fronts, jugglingJam Band Scene: Heavy on acid, ketamine, nitrous, Calvin Klein (coke + K), LSD handling mishap at Camp Bisco led to paranoia for a weekMethadone Clinic Madness: Working in the clinic, finding crack pipes, wild characters, hustles in the waiting roomRecovery Pivot: Got clean after the ferry breakup, went to White Deer Run, cut methadone taper on day 3, Old Testament-level detox, started working the 12 steps, counselor Heath changed his lifeWorking in Treatment: From the methadone clinic to Ascendant, saw the whole spectrumWriting: Wrote Slingshot Diaries in Maryland, self-published hundreds of copies, found purposeReflection: Raw honesty, doesn't glorify but doesn't hide it either—“thank God for grace and mercy”
Where did The Big Three stay as they carved up the post-war world map, and why were their rooms full of bedbugs? Why did FDR refuse to allow the press to photograph him arriving at Yalta? What role did Churchill and FDR's daughters play in the political negotiations? William and Anita discuss the first day of the Yalta conference and the unlikely alliances that begin to form as The Big Three redesign Europe… Love History? Get our exclusive History Today deal! You can get started with a 3-month trial for only £5 at https://historytoday.com/empire ----------------- Empire Club: Become a member of the Empire Club to receive early access to miniseries, ad-free listening, early access to live show tickets, bonus episodes, book discounts, our exclusive newsletter, and access to our members' chatroom on Discord! Head to empirepoduk.com to sign up. For more Goalhanger Podcasts, head to www.goalhanger.com. ----------------- Email: empire@goalhanger.com Instagram: @empirepoduk Blue Sky: @empirepoduk X: @empirepoduk Assistant Producer: Becki Hills Producer: Anouska Lewis Senior Producer: Callum Hill Learn more about your ad choices. Visit podcastchoices.com/adchoices
HOUSE-CALLING ON DR. WIN THE WAR: 1/4: Mr. Churchill in the White House: The Untold Story of a Prime Minister and Two Presidents by Robert Schmuhl (Author) https://www.amazon.com/Mr-Churchill-White-House-Presidents/dp/1324093420 Well into the twenty-first century, Winston Churchill continues to be the subject of scores of books. Biographers portray him as a soldier, statesman, writer, painter, and even a daredevil, but Robert Schmuhl, the noted author and journalist, may be the first to depict him as a demanding, indeed exhausting White House guest. For the British prime minister, America's most famous residence was “the summit of the United States,” and staying weeks on end with the president as host enhanced his global influence and prestige, yet what makes Churchill's sojourns so remarkable are their duration at critical moments in twentieth-century history. From his first visit in 1941 to his last one eighteen years later, Churchill made himself at home in the White House, seeking to disprove Benjamin Franklin's adage that guests, like fish, smell after three days. When obliged to be attired, Churchill shuffled about in velvet slippers and a tailored-for-air-raids “siren suit,” resembling a romper. In retrospect, these extended stays at 1600 Pennsylvania Avenue take on a new level of diplomatic and military significance. Just imagine, for example, Ukraine's president Volodymyr Zelensky spending weeks at America's most powerful address, discussing war strategy and access to weaponry, as Churchill did during the 1940s. Drawing on years of research, Schmuhl not only contextualizes the unprecedented time Churchill and President Franklin D. Roosevelt spent together between 1941 and 1945, but he also depicts the individual figures involved: from Churchill himself to “General Ike,” as he affectionately called Dwight D. Eisenhower, to Harry Truman, and not to mention the formidable Eleanor Roosevelt, who resented Churchill's presence in the White House and wanted him to occupy the nearby Blair House instead (which, predictably, he did not do) 1941 ATLANTIC CHARTER
HOUSE-CALLING ON DR. WIN THE WAR: 2/4: Mr. Churchill in the White House: The Untold Story of a Prime Minister and Two Presidents by Robert Schmuhl (Author) https://www.amazon.com/Mr-Churchill-White-House-Presidents/dp/1324093420 Well into the twenty-first century, Winston Churchill continues to be the subject of scores of books. Biographers portray him as a soldier, statesman, writer, painter, and even a daredevil, but Robert Schmuhl, the noted author and journalist, may be the first to depict him as a demanding, indeed exhausting White House guest. For the British prime minister, America's most famous residence was “the summit of the United States,” and staying weeks on end with the president as host enhanced his global influence and prestige, yet what makes Churchill's sojourns so remarkable are their duration at critical moments in twentieth-century history. From his first visit in 1941 to his last one eighteen years later, Churchill made himself at home in the White House, seeking to disprove Benjamin Franklin's adage that guests, like fish, smell after three days. When obliged to be attired, Churchill shuffled about in velvet slippers and a tailored-for-air-raids “siren suit,” resembling a romper. In retrospect, these extended stays at 1600 Pennsylvania Avenue take on a new level of diplomatic and military significance. Just imagine, for example, Ukraine's president Volodymyr Zelensky spending weeks at America's most powerful address, discussing war strategy and access to weaponry, as Churchill did during the 1940s. Drawing on years of research, Schmuhl not only contextualizes the unprecedented time Churchill and President Franklin D. Roosevelt spent together between 1941 and 1945, but he also depicts the individual figures involved: from Churchill himself to “General Ike,” as he affectionately called Dwight D. Eisenhower, to Harry Truman, and not to mention the formidable Eleanor Roosevelt, who resented Churchill's presence in the White House and wanted him to occupy the nearby Blair House instead (which, predictably, he did not do) JANUARY 1942 WHITE HOUSE
HOUSE-CALLING ON DR. WIN THE WAR: 3/4: Mr. Churchill in the White House: The Untold Story of a Prime Minister and Two Presidents by Robert Schmuhl (Author) https://www.amazon.com/Mr-Churchill-White-House-Presidents/dp/1324093420 Well into the twenty-first century, Winston Churchill continues to be the subject of scores of books. Biographers portray him as a soldier, statesman, writer, painter, and even a daredevil, but Robert Schmuhl, the noted author and journalist, may be the first to depict him as a demanding, indeed exhausting White House guest. For the British prime minister, America's most famous residence was “the summit of the United States,” and staying weeks on end with the president as host enhanced his global influence and prestige, yet what makes Churchill's sojourns so remarkable are their duration at critical moments in twentieth-century history. From his first visit in 1941 to his last one eighteen years later, Churchill made himself at home in the White House, seeking to disprove Benjamin Franklin's adage that guests, like fish, smell after three days. When obliged to be attired, Churchill shuffled about in velvet slippers and a tailored-for-air-raids “siren suit,” resembling a romper. In retrospect, these extended stays at 1600 Pennsylvania Avenue take on a new level of diplomatic and military significance. Just imagine, for example, Ukraine's president Volodymyr Zelensky spending weeks at America's most powerful address, discussing war strategy and access to weaponry, as Churchill did during the 1940s. Drawing on years of research, Schmuhl not only contextualizes the unprecedented time Churchill and President Franklin D. Roosevelt spent together between 1941 and 1945, but he also depicts the individual figures involved: from Churchill himself to “General Ike,” as he affectionately called Dwight D. Eisenhower, to Harry Truman, and not to mention the formidable Eleanor Roosevelt, who resented Churchill's presence in the White House and wanted him to occupy the nearby Blair House instead (which, predictably, he did not do) 1943 QUEBEC
HOUSE-CALLING ON DR. WIN THE WAR: 4/4: Mr. Churchill in the White House: The Untold Story of a Prime Minister and Two Presidents by Robert Schmuhl (Author) https://www.amazon.com/Mr-Churchill-White-House-Presidents/dp/1324093420 Well into the twenty-first century, Winston Churchill continues to be the subject of scores of books. Biographers portray him as a soldier, statesman, writer, painter, and even a daredevil, but Robert Schmuhl, the noted author and journalist, may be the first to depict him as a demanding, indeed exhausting White House guest. For the British prime minister, America's most famous residence was “the summit of the United States,” and staying weeks on end with the president as host enhanced his global influence and prestige, yet what makes Churchill's sojourns so remarkable are their duration at critical moments in twentieth-century history. From his first visit in 1941 to his last one eighteen years later, Churchill made himself at home in the White House, seeking to disprove Benjamin Franklin's adage that guests, like fish, smell after three days. When obliged to be attired, Churchill shuffled about in velvet slippers and a tailored-for-air-raids “siren suit,” resembling a romper. In retrospect, these extended stays at 1600 Pennsylvania Avenue take on a new level of diplomatic and military significance. Just imagine, for example, Ukraine's president Volodymyr Zelensky spending weeks at America's most powerful address, discussing war strategy and access to weaponry, as Churchill did during the 1940s. Drawing on years of research, Schmuhl not only contextualizes the unprecedented time Churchill and President Franklin D. Roosevelt spent together between 1941 and 1945, but he also depicts the individual figures involved: from Churchill himself to “General Ike,” as he affectionately called Dwight D. Eisenhower, to Harry Truman, and not to mention the formidable Eleanor Roosevelt, who resented Churchill's presence in the White House and wanted him to occupy the nearby Blair House instead (which, predictably, he did not do) 1944
With Republicans in power across all branches of the federal government, Democrats are looking for ways to regain trust and learn how to build things. One book they're looking toward is Marc Dunkelman's: Why Nothing Works: Who Killed Progress―and How to Bring It Back. In this episode, Marc joins Mosheh to discuss how the Democratic distrust of power since the 1960s has led to stagnation and public distrust, paving the way for Donald Trump's election as someone who promises to make things actually happen. He explains how we got from the era of Robert Moses reshaping New York and FDR's New Deal, to a modern day with infrastructure in disrepair nationwide. Plus, some broader historical context: how the dueling mindsets at the heart of progressivism—a need for strong executive action and a mistrust of power— reflects a broader American conflict that goes all the way back to the days of Thomas Jefferson and Alexander Hamilton. Mosheh Oinounou (@mosheh) is an Emmy and Murrow award-winning journalist. He has 20 years of experience at networks including Fox News, Bloomberg Television and CBS News, where he was the executive producer of the CBS Evening News and launched the network's 24 hour news channel. He founded the @mosheh Instagram news account in 2020 and the Mo News podcast and newsletter in 2022.
Jefferson ate capon, Eisenhower craved squirrel soup and Grant had a habit of throwing bread across the table. This week, we go into the White House with Alex Prud'homme to hear culinary stories from presidential history, like how Julia Child charmed her way into a state dinner and why Eleanor Roosevelt may have used Jell-O salad to get revenge on FDR. Plus, the late Raghavan Iyer reflects on curry, Indian cuisine and his legacy as a culinary educator; Alex Aïnouz experiments with AI in the kitchen; and we learn a recipe known as “killer spaghetti.” (Originally aired May 25th, 2023.)Get the recipe for Spaghetti all'Assassina here. Listen to Milk Street Radio on: Apple Podcasts | Spotify