Podcasts about Government debt

In this episode of Crazy Wisdom, host Stewart Alsop speaks with Paul Sztorc, CEO of Layer2 Labs, about Bitcoin's evolution, the limitations of the Lightning Network, and how his ideas for drivechains and merge-mined sidechains could transform scalability and privacy on the Bitcoin network. They cover everything from Zcash's zero-knowledge proofs and “moon math” to the block size wars, sound money, and the economic realities behind crypto hype cycles. Paul also explains his projects like Zside and Thunder, which aim to bring features like Zcash-style privacy and high-speed transactions to Bitcoin. Listeners can try Layer2 Labs' software or learn more at layer2labs.com/download.Check out this GPT we trained on the conversationTimestamps00:00 Stewart Alsop opens with Paul Sztorc from Layer2 Labs, discussing the connection between Bitcoin and Zcash and how privacy could be added through zero-knowledge proofs.05:00 Paul critiques early Layer 2s like Rootstock and Lightning, calling many “not real” or custodial, and compares the current scene to the .com bubble.10:00 They explore media hype, Silicon Valley culture, and crypto's cycles of optimism and collapse, mentioning Theranos, FTX, and fake-it-till-you-make-it culture.15:00 Conversation shifts to sound money, government spending, and how Bitcoin could improve fiscal responsibility, referencing Milton Friedman's ideas.20:00 Paul questions Bitcoin treasury companies like MicroStrategy, explaining flawed incentives and better direct ownership logic.25:00 They move into geopolitics and The Sovereign Individual, discussing borders, state control, and the future of digital sovereignty.30:00 Paul explains zero-knowledge proofs, Zcash's “moon math,” and the evolution from sapling to Halo 2 for better privacy.35:00 The topic turns to drivechains, BIP300, and Layer2 Labs' projects like Zside and Thunder, built for real Bitcoin scalability.40:00 Paul explains why Lightning fails, liquidity limits, and why true scaling requires optional L2s with large block capacity.45:00 They discuss the block size war, merge mining, and how miners and nodes interact in Bitcoin's structure.50:00 Paul breaks down the Merkle tree, block headers, and SHA-256 puzzles miners race to solve for proof-of-work.55:00 The episode closes with how L1–L2 coordination works, the mechanics of slow withdrawals, and secondary markets in drivechains.Key InsightsBitcoin's privacy gap and Zcash's influence: Paul Sztorc begins by explaining how Bitcoin lacks true privacy since senders, receivers, and amounts are visible on-chain. He describes Zcash as a model for achieving anonymity through zero-knowledge proofs and explains how Layer2 Labs aims to bring that same level of privacy to Bitcoin without introducing a new altcoin or token.The failure of current Layer 2 solutions: Paul argues that existing Bitcoin Layer 2s like Lightning and Rootstock are flawed—either custodial, inefficient, or deceptive. He compares today's crypto landscape to the dot-com bubble, full of overhyped projects and scams that will collapse before the genuine solutions survive.Sound money and political accountability: The discussion expands beyond technology to economics, as Paul highlights how unsustainable government debt and spending distort incentives. He believes Bitcoin could restore discipline to fiscal systems by forcing real accounting and limiting the political capacity to inflate or borrow endlessly.Corporate Bitcoin strategies are often misguided: Paul criticizes companies like MicroStrategy for treating Bitcoin as a speculative treasury asset instead of using it for real utility. He argues that investors should just buy Bitcoin directly rather than buy shares in companies that hold it, since intermediaries introduce unnecessary risk, fees, and opacity.Drivechains as Bitcoin's missing scalability link: Sztorc presents drivechains, outlined in his proposal BIP300, as the practical way to scale Bitcoin. Drivechains allow multiple Layer 2s to exist simultaneously, each optimized for specific features like privacy, larger blocks, or smart contracts, all while using the same 21 million BTC.Lightning Network's structural limitations: Paul dismantles Lightning's core assumptions, pointing out that it cannot scale globally because each channel requires on-chain transactions and constant liquidity maintenance. He calls Lightning a “Theranos of Bitcoin,” arguing that it distracts the community from genuine, scalable innovation.Merge mining and the path to Bitcoin's future: The episode concludes with Paul describing merge mining as the mechanism that unites L1 and L2 securely, letting miners earn more revenue without extra work. He envisions a Bitcoin ecosystem where optional, diverse L2s provide privacy, speed, and flexibility—anchored by a lean, reliable L1 base.

The Japanese economy was once the envy of the world. By the 1980s, it looked set to surpass the United States in size. Real estate prices were high, the stock market was booming—the entire world was asking if Japan had found a superior model of economic growth and recovery after World War II, one grounded in industrial policy.However, the bubble burst in the early 1990s, and what followed was not a quick recession and rebound as we have often seen in the U.S., but decades of stagnation. Near-zero deflation became entrenched, and the banking system turned into a drug of cheap borrowing rather than an engine for recovery, with the Bank of Japan pioneering quantitative easing by pushing interest rates to zero long before the U.S. Federal Reserve considered such steps in the wake of the 2007 financial crisis. Japan has never since returned to sustainable growth, and this matters for the world at large. A significant creditor to other countries, shifts in Japan's economic policy and fluctuations in its currency ripple across global interest rates, tightening or loosening financial conditions worldwide. Japan also remains a critical node in global supply chains (including for semiconductor chips and electronics), a major importer of energy, and not for nothing, its cultural exports continue to conquer the world.What lessons can Japan's lost decades of economic stagnation and missed opportunities offer the U.S. and other developed economies? Bethany and Luigi are joined by Takeo Hoshi, professor of economics at the University of Tokyo and a leading expert on Japan's financial system and economic stagnation. Together, they discuss Japan's idiosyncrasies—from demographic decline to economic policy mismanagement—and the interplay of global factors such as populism, nativism, and dissatisfaction with capitalism. If the U.S. is indeed on the cusp of its own economic bubble driven by oversized capital investments in artificial intelligence and technology rather than consumer spending and wage growth, does it have the institutions and flexibility to avoid Japan's fate? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In the UK, with government debt rising and gilt yields under pressure, some commentators have even raised the spectre of an IMF bailout but how realistic are those fears, and what do they tell us about the state of the UK economy right now? David Smith, Economics Editor with the Sunday Times took a call from Bobby to assess the health of the UK economy and discuss whether the idea of the IMF having to step in is far fetched.

Ben Bennett, Head of Investment Strategy, Asia, shares his thoughts on the latest drama at the US Federal Reserve, political developments in France, and China's equity market rally. This podcast was recorded on 3 September 2025 and is hosted by Harry Brooks. All data is sourced from LSEG as at 3 September 2025 unless otherwise stated. For professional investors only. Capital at risk. Assumptions, opinions, and estimates are provided for illustrative purposes only. There is no guarantee that any forecasts made will come to pass. Past performance is not a guide to the future.

In this episode, Ben Kizemchuk joins the show to discuss his “Four Fs” macro framework – Fiscal Dominance, Financial Repression, Fiat Currency, & Passive Flows – arguing that we're in a unique historical moment where all four are converging at once. He explains how fiscal spending reshapes growth, why financial repression and passive flows stabilize markets, and how fiat currency enables this entire regime. Ben also shares how these dynamics blur the line between the stock market and the economy, setting the stage for an AI-driven future. Enjoy! __ Follow Ben: https://x.com/BenKizemchuk Follow Felix: https://x.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance __ Join us at Digital Asset Summit in London October 13-15. Use code FORWARD100 for £100 OFF https://blockworks.co/event/digital-asset-summit-2025-london __ This Forward Guidance episode is brought to you by VanEck. Learn more about the VanEck Semiconductor ETF (SMH): http://vaneck.com/SMHFelix Learn more about the VanEck Fabless Semiconductor ETF (SMHX): vaneck.com/SMHXFelix — Timestamps: 00:00 Intro 00:42 Ben's Journey Through Markets 03:05 Ben's 4 Fs Framework 06:10 F1 - Fiscal Dominance 11:00 Catalysts for Fiscal Dominance 14:15 How Sustainable is Government Debt? 17:36 F2 - Financial Repression 23:28 Rates in a Fiat vs Gold-Backed System 27:20 F3 - Fiat Currency 33:00 Are Governments Constrained by Supply & Demand? 34:55 Role of Monetary Policy Going Forward 39:56 F4 - Passive Flows 44:02 Constraints on Passive Flows 48:25 4 Fs Implications 51:53 Rethinking Asset Allocation 54:35 Final Thoughts __ Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

Lance Roberts interviews John Tamny, author, economist, and editor of RealClearMarkets. Tamny's provocative new book, Deficit Delusion, reframes how we think about debt and growth. He makes a bold case: Trump-style protectionism and fear-driven immigration policies are economically self-defeating—even for conservatives. Trade is the greatest foreign policy mankind has ever devised, plus it's great for workers as is any scenario that expands the division of labor. $36.1 trillion Government Debt is not a crisis—it's a sign of U.S. strength & investor confidence about the U.S.'s future, it's not weakness. 1:55 - Will the Debt Spiral spark a financial crisis? 4:03 - What is the debt relative to economic growth? 5:18 - The Uber Analogy & Expectations of Debt 8:40 - What are we NOT doing because of Excessive Government Debt? 12:30 - The Premise of Productive Debt & Economic Growth 16:33 - The Danger of Government Spending Cuts 18:40 - The Dark Side of the Flat Tax 22:25 - GDP: The Most Fraudulent Number in Economics 25:58 - What is the "right" tax rate? 28:46 - We Need to Fund the 'nut jobs' 31:09 - Why taxes should be cut for everyone 33:33 - How long before the first, one-man "unicorn" $1B company? 37:13 - The Debt Crisis Isn't the Thing to Worry About Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w John Tamny, Editor/Real Clear Markets Produced by Brent Clanton, Executive Producer ------- Watch today's video on YouTube: https://youtu.be/Hm6yNkNtC0Q -------- Articles mentioned in this report: "Greg Mankiw's Solutions Would Expand Federal Debt" https://www.realclearmarkets.com/2025/08/12/greg_mankiws_solutions_would_expand_federal_debt_1128148.html ------- Register for our next Candid Coffee, "Savvy Social Security Planning," August 23, 2025: https://streamyard.com/watch/pbx9RwqV8cjF ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #JohnTamny #GovernmentDebt #DeficitDelusion #Budget #InvestingAdvice #Money #Investing

Lance Roberts interviews John Tamny, author, economist, and editor of RealClearMarkets. Tamny's provocative new book, Deficit Delusion, reframes how we think about debt and growth. He makes a bold case: Trump-style protectionism and fear-driven immigration policies are economically self-defeating—even for conservatives. Trade is the greatest foreign policy mankind has ever devised, plus it's great for workers as is any scenario that expands the division of labor.   $36.1 trillion Government Debt is not a crisis—it's a sign of U.S. strength & investor confidence about the U.S.'s future, it's not weakness. 1:55 - Will the Debt Spiral spark a financial crisis? 4:03 - What is the debt relative to economic growth?  5:18 - The Uber Analogy & Expectations of Debt 8:40 - What are we NOT doing because of Excessive Government Debt? 12:30 - The Premise of Productive Debt & Economic Growth  16:33 - The Danger of Government Spending Cuts   18:40 - The Dark Side of the Flat Tax  22:25 - GDP: The Most Fraudulent Number in Economics 25:58 - What is the "right" tax rate? 28:46 - We Need to Fund the 'nut jobs' 31:09 - Why taxes should be cut for everyone 33:33 - How long before the first, one-man "unicorn" $1B company? 37:13 - The Debt Crisis Isn't the Thing to Worry About Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w John Tamny, Editor/Real Clear Markets Produced by Brent Clanton, Executive Producer ------- Watch today's video on YouTube: https://youtu.be/Hm6yNkNtC0Q  -------- Articles mentioned in this report: "Greg Mankiw's Solutions Would Expand Federal Debt" https://www.realclearmarkets.com/2025/08/12/greg_mankiws_solutions_would_expand_federal_debt_1128148.html ------- Register for our next Candid Coffee, "Savvy Social Security Planning," August 23, 2025: https://streamyard.com/watch/pbx9RwqV8cjF ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #JohnTamny #GovernmentDebt #DeficitDelusion #Budget #InvestingAdvice #Money #Investing

Welcome to Dentist Money Two Cents, a look at the latest financial and economic news from the past week.
 On this episode of Dentist Money's Two Cents, Matt, Jake, and Rabih break down the state of government spending, budget deficits, and what they mean for the economy. They explore the potential risks of private equity entering 401(k) plans, and examine Bitcoin's surprising stability and growth as an asset class. Tune in for an update on the financial landscape and its implications. Do you have a question you'd like us to cover on the podcast? Visit DentistAdvisors.com/podcast to submit a question or topic. Book a free consultation with a CFP® advisor who only works with dentists. Get an objective financial assessment and learn how Dentist Advisors can help you live your rich life.

British Columbia's public accounts show the province's debt grew by $10.6 billion more than budgeted last fiscal year, prompting criticism from a taxpayer advocacy group.   Read the full article here: https://www.coastalfront.ca/read/bc-government-debt-jumps-106b-above-budget-watchdog-warns   PODCAST INFO:

Government debt levels are rising globally - with many at risk of permanent structural deficits if they can't bring down interest bills each year. Cutting spending and increasing taxes is an unpopular concept among voters, so experts are wondering what the next steps could be. Milford Asset Management's Jeremy Hutton explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Government debt levels are rising globally - with many at risk of permanent structural deficits if they can't bring down interest bills each year. Cutting spending and increasing taxes is an unpopular concept among voters, so experts are wondering what the next steps could be. Milford Asset Management's Jeremy Hutton explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Investment Advisor, JB Bryan will share a look at today's Government Securities. The U.S. government issues a variety of debt securities through the U.S. Department of the Treasury. JB will explain why " US Government debt securities are often considered some of the safest investments? JB will also breakdown the different types of U.S. government securities and how they work. AfroEconomics LIVE! #JBBRYAN To Join AfroEconomics call 1-844-522-7926. Members Only Meetings each Friday. Sign up for membership now at www.AfroEconomics.com . To request a complimentary consultation call 1-844-JBBRYAN. Powered by JB Bryan Financial Group, Inc., A Registered Investment Advisory Firm - The Home of AfroEconomics. www.AfroEconomics.com www.JBBRYAN.com

On The Podcast: In this episode, we sit down with Dr. John T. Harvey to unpack Modern Monetary Theory (MMT) and the sustainability of the U.S. government's $37 trillion debt. Dr. Harvey makes the bold claim that the U.S. cannot be forced to default—because it issues and controls its own currency.The conversation goes beyond the headlines, exploring:The real implications of government spendingHow politics shapes economic narrativesThe role of wealth concentration in policy debatesWhy deficits may not be as dangerous as they soundThis episode challenges conventional wisdom about national debt, arguing that the true focus should be on resource allocation and economic priorities—not just big numbers.Can the US Default on Its Debt? (00:01:38)Demand for Currency and Taxation (00:08:30)Debt Sustainability and Inflation Concerns (00:11:33).US Debt Growth Over Decades (00:13:16)Government Debt vs. Household Debt Analogy (00:14:34)Role of Economic Ideology and Market System (00:19:01)Public Perception of Inflation (00:25:14)Government Data, Revisions, and Political Influence (00:31:10)World Reserve Currency Status and Its Implications (00:36:04)Cryptocurrency, Stablecoins, and US Dollar Dominance (00:41:08)Value of Currency and Taxation Anchor (00:42:33)Limits of MMT: Real Resources and Infrastructure (00:44:14)Capitalism, Competition, and Billionaire Power (00:45:40)NEWSLETTER (WHAT NOW): https://substack.com/@9icapital?r=2eig6s&utm_campaign=profile&utm_medium=profile-page Follow Us: youtube: / @9icap Linkedin: / kevin-thompson-ricp%c2%ae-cfp%c2%ae-74964428 facebook: / mlb2cfp Buy MLB2CFP Here: https://www.amazon.com/MLB-CFP%C2%AE-90-Feet-Counting-ebook/dp/B0BLJPYNS4 Website: http://www.9icapitalgroup.com Hit the subscribe button to get new content notifications.Corrections: Editing by http://SwoleNerdProductions.com Disclosure: https://sites.google.com/view/9idisclosure/disclosure

In this week's episode of Retire in Texas, Darryl Lyons, CEO and Co-Founder of PAX Financial Group, unpacks the complex world of bonds and why they matter to everyday investors. With market headlines swirling and interest rates shifting, Darryl breaks down what bonds really are, how they function in your portfolio, and why government debt isn't just a political issue - it's a personal one. From explaining how bond auctions work to highlighting the risks of chasing returns, this episode offers a practical and reassuring look at what is often considered the “boring” side of investing - and why it deserves your attention. Key Highlights: • Why bonds still play a vital role - even if you prefer stocks. • What bond auctions reveal about global trust in the U.S. economy. • The four principles every investor should follow when it comes to bonds. • Why professional bond management can make a major difference. • How to stay calm (and informed) in the face of economic uncertainty. Whether you're nearing retirement or helping a loved one navigate their investment journey, this episode provides timeless insights with a steady hand. For more insights or to connect with a PAX Financial Group advisor, visit www.PAXFinancialGroup.com. Like what you heard? Share this episode with a friend! Resources:

Welcome to The Chrisman Commentary, your go-to daily mortgage news podcast, where industry insights meet expert analysis. Hosted by Robbie Chrisman, this podcast delivers the latest updates on mortgage rates, capital markets, and the forces shaping the housing finance landscape. Whether you're a seasoned professional or just looking to stay informed, you'll get clear, concise breakdowns of market trends and economic shifts that impact the mortgage world. In today's episode, we review the latest M&A activity from the mortgage industry. Plus, Robbie sits down with Closed Title's Kaylin Edwards for a chat about being a young person in the industry, what it's like working on the escrow side of things, and the latest in the title space. And the episode closes with a look at why U.S. Treasuries are becoming an increasingly shaky investment.Want to remove home sale contingencies in 48 hours or less? It's easy with Calque's newest ‘buy before you sell' product – the Contingency Buster. The Contingency Buster is your fastest and most affordable path to non-contingent financing. Calque provides a binding backup offer on your borrower's departing residence to clear the existing mortgage balance and closing costs in 48 business hours or less. You become a loan hero that saves deals and helps clients win bidding wars. Best yet? It costs less than other ‘buy before you sell' solutions. Visit www.calqueinc.com to learn more.

Connect with Early Riders // Connect with OnrampWhy MIC Is Winner Take All (Early Riders Research)Presented collaboratively by Early Riders & Onramp Media…Final Settlement is a weekly podcast covering the underlying mechanics of the bitcoin protocol, its ongoing development and funding, and real-world applications of the technology.00:00 - Introduction and Current Events in Bitcoin03:40 - Trump's Bitcoin Treasury Announcement06:33 - Market Reactions and Implications09:42 - The Role of Institutional Investors12:43 - Risks and Challenges in Bitcoin Investments15:53 - Government Debt and Economic Policies18:47 - Chamath's Insights on Spending Bills21:52 - The Future of Bitcoin and Hard Assets24:26 - Security Risks in the Crypto Space31:29 - Navigating Risks in Bitcoin Custody33:49 - Barriers to Bitcoin Adoption39:50 - The Debate on Proof of Reserves45:44 - The Importance of Multi-Institution Custody50:16 - The Future of Financial Services with Multi-Institution CustodyIf you found this valuable, please subscribe to Early Riders Insights for access to the best content in the ecosystem weekly.Links discussed:https://www.cnbc.com/2025/05/27/djt-trump-media-bitcoin.htmlhttps://cointelegraph.com/news/american-tourist-drugged-fake-uber-driver-robbed-123k-btchttps://www.washingtonpost.com/nation/2025/05/25/bitcoin-torture-new-york-crypto/Keep up with Michael: X and LinkedInKeep up with Brian: X and LinkedInKeep up with Liam: X and LinkedIn

Who do we actually owe our $36 trillion national debt to? What is the national debt? Why will it never be repaid? In this solo episode, Hans tackles this rarely asked but crucial question as he continues his "Know Your Enemies" series on understanding central banking.Hans explores the counterintuitive reality that the national debt isn't meant to be repaid - it's an accounting system where government debt functions as an asset for dollar holders worldwide. By examining the perspectives of economist Michael Hudson, he reveals the strange mechanics behind modern monetary policy.From the bizarre relationship between the Treasury and Federal Reserve to why interest rates should remain steady despite political pressure, Hans breaks down complex financial concepts to help listeners understand what's happening with America's financial system and its global implications.The Illusion of National Debt: An exploration of the counterintuitive reality that national debt isn't meant to be repaid. Government debt functions as an asset for dollar and treasury holders, creating a system where debt must continue to exist and grow rather than be eliminated.Three Pillars of American Debt: A breakdown of the three main holders of US debt: everyday people with paper currency, foreign central banks with treasury bills, and the Federal Reserve itself. This creates a bizarre accounting situation where part of the government is indebted to another part of itself.Global Dollar Dominance: An examination of how military and financial systems work together to maintain dollar supremacy worldwide. Dollars flowing internationally benefit Americans, even while creating problematic dependencies in the global financial system.Modern Monetary Theory Critique: A presentation of alternative perspectives on debt sustainability, acknowledging theoretical insights while questioning whether this system can continue indefinitely without major problems as interest payments grow.➡️ Chapters:00:00 - Introduction to Know Your Enemies Series01:00 - Trump, Powell, and Interest Rate Debates04:00 - Two Factors: Interest Rates vs. Congressional Spending 08:00 - Why Lowering Interest Rates May Not Work 12:00 - Key Questions About National Debt 14:00 - Government Debt as an Asset for Others 19:00 - The Federal Reserve's Unusual Relationship with Treasury 23:00 - Michael Hudson's Perspective on National Debt 27:00 - Paper Currency as Government Debt 31:00 - How Dollars Circulate Globally 35:00 - Foreign Central Bank Reserves 39:00 - The Dollar Standard Replacing Gold45:00 - The Federal Reserve Holding Treasury Bills 49:00 - Why the Debt Can't Be Repaid 53:00 - Financial Markets vs. Real Economy 57:00 - National Security Risks of Debt⁠Visit https://remnantfinance.com for more informationFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinance Don't forget to hit LIKE and SUBSCRIBE

In a late Friday news dump, Moody's announced it had downgraded U.S. federal government debt. The news sparked a selloff in Treasuries, at least initially. What are the implications for bonds or the economy? It's not what the mainstream thinks it does.Eurodollar University's Money & Macro AnalysisBloomberg What the US Losing Its Last AAA Credit Rating Meanshttps://www.bloomberg.com/news/articles/2025-05-19/us-lost-moody-s-aaa-credit-rating-what-s-at-stake-for-marketsS&P Global August 5, 2011https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/6802837Fitch August 1, 2023https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns. The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data. Harbour Asset Management's Shane Solly explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns. The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data. Harbour Asset Management's Shane Solly explains further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Harry Hu, Senior Director at Fitch Ratings, discusses China's recent efforts to manage LGFV risks, including LGFV reclassification and debt substitution plans, along with local government debt trends.(00:00) - Introduction (01:30) - LGFV Debt Control Measures (03:07) - LGFV Reclassification (04:59) - LGFV Debt Substitution Plan (06:55) - Outlook for Special Purpose Bonds (09:34) - Local Government Interest Burdens (11:14) - Conclusion

With everything that's going on in the US, it makes sense that foreign investors decided to dump US T-Bills. But what does this mean for the government debt market and the future of the USD?Join the Patreon here: https://www.patreon.com/PeterZeihanFull Newsletter: https://mailchi.mp/zeihan/the-fire-hose-of-chaos-government-debt

In this episode of the Shepherd Press Podcast, host Anthony Russo welcomes John Temple to discuss his book 'Help. I'm Drowning in Debt.' John Temple shares his background, having grown up in South Africa and built a successful business career, and his commitment to applying biblical principles to everyday life, including finances. Temple provides practical advice on managing debt, the pitfalls of borrowing, and the importance of financial prudence and biblical stewardship. The conversation emphasizes the need for Christians to prioritize their relationship with God over material possessions and to make financial decisions that reflect eternal values rather than conforming to a consumerist lifestyle.00:23 Introducing John Temple01:08 Debt Crisis in America03:54 Government Debt vs. Personal Debt05:36 Causes of Debt06:45 The Influence of Consumerism09:01 Biblical Perspective on Debt14:53 Practical Advice on Managing Debt19:29 The True Cost of Financing24:25 Conclusion and Final ThoughtsGrab a copy of our mini-book 'Help! I'm Drowning in Debt' here:https://www.shepherdpress.com/products/help-im-drowning-in-debt/Follow Shepherd Press on social media for more insights:Facebook: @shepherdpressInstagram: @shepherdpressinc

// GUEST //X: https://x.com/CJKonstantinos and https://x.com/PeoplesReserveWebsite: https://www.peoplesreserve.com/ // SPONSORS //The Farm at Okefenokee: https://okefarm.com/iCoin: https://icointechnology.com/breedloveHeart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/In Wolf's Clothing: https://wolfnyc.com/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveOn Ramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedlove // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveNoble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/ // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // OUTLINE //0:00 - WiM Episode Trailer 1:33 - Understanding Debt-Based Money7:35 - Bitcoin: Engineered Money 14:17 - Bitcoin Fair Value Algorithm20:11 - Bitcoin's Transition from Commodity Value to Money, Current Recession?35:44 - The Farm at Okefenokee37:03 - iCoin Technology38:33 - Dollar Death Spiral vs Bitcoin, Education, No Man is Better Than His Incentives43:40 - Money vs Currency51:05 - Bitcoin: Pristine Collateral58:44 - Speculative “Defense”59:57 - Heart and Soil Supplements1:00:57 - Helping Lightning Startups with In Wolf's Clothing1:01:49 - Dollar and Debt Endgame1:06:41 - Trump's Art of the Deal? Shitcoins and L2's1:16:33 - Government Debt is Just Future Taxation1:23:03 - Trust and Truth1:24:05 - Mine Bitcoin with Blockware Solutions1:25:26 - OnRamp Bitcoin Custody1:27:23 - State vs Federal Bitcoin Adoption, Bottom up Bitcoin Adoption1:41:06 - CBDC's and the Mark of the Beast1:44:51 - Mind Lab Pro Supplements1:46:02 - Buy Bitcoin with Coinbits1:47:29 - IMF and World Bank vs Bitcoin1:54:12 - Currency Wars, Trade Wars, Real Wars2:00:11 - Bitcoin and the Uncertain Future2:07:58 - Bitcoin Returns Us to Ancient Wisdom2:20:55 - Closing Thoughts and How to Connect with CJ // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove

Hey there, Bitcoin fam!

National debt figures are staggering, running to trillions of pounds in the UK and tens of trillions of dollars in the US. Headlines warn of unsustainable paths and ticking time bombs under our economies. But is government debt really out of control? And in today's Dumb Question of the Week: Is government debt just like household debt, only much bigger? --- Thank you to Trading 212 for sponsoring this episode. Claim free fractional shares worth up to ‎£⁠100. Just create and verify a Trading 212 Invest or Stocks ISA account, make a minimum deposit of £1, and use the promo code "RAMIN" within 10 days of signing up, or use the following link: Sponsored Link. Terms apply - trading212.com/join/RAMIN When investing, your capital is at risk and you may get back less than invested. Past performance doesn't guarantee future results. Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. Free shares can be fractional. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Terms and fees apply. ---Get in touch

Kerry Lutz and John Rubino discussed the recent significant price increases in gold and copper, both reaching all-time highs. John highlighted that gold has outperformed the S&P 500 over the past two decades, while copper's importance is growing due to its role in energy transitions and AI technologies. They noted favorable conditions for mining stocks, which are benefiting from rising metal prices and stable costs. Sandstorm Gold was mentioned as a company positioned for growth, focusing on reducing debt and increasing cash flow from higher sales. The conversation also included a cautionary note about the necessity for major mining companies to pursue mergers and acquisitions to address depleting reserves. The performance of gold, silver, the S&P 500, and tech stocks since 1999 was analyzed, revealing that gold yielded about 9% compared to the S&P 500's 5%. John explained that the liquidity injected into the economy has inflated asset prices, suggesting that some overvalued assets may be due for a crash. Historical trends indicate that tech stocks, after a period of high returns, often experience significant declines. Lutz agreed, emphasizing that even high-quality tech stocks can drop dramatically when overvalued, highlighting the need for caution among investors. John expressed optimism about gold and silver's future performance, advising investors to maintain a diverse portfolio in the mining sector and to consider cashing out during acquisitions. Lutz pointed out the mixed success of major mining companies with acquisitions, often leading to overpayment for assets. The discussion also touched on the broader economic landscape, including unprecedented government debt and spending patterns, with concerns about how this liquidity could impact financial assets, potentially leading to inflation or boosting speculative stocks. The conversation shifted to the pervasive fraud in government funding, particularly through NGOs, and the financial benefits for individuals in the political and expert classes. They critiqued the cycle of dependency and corruption that arises from large sums of money being funneled back into political campaigns. Additionally, they proposed the creation of a museum dedicated to corruption in Washington, D.C., envisioning it as both a serious proposal and a satirical commentary on political issues. The discussion concluded with a focus on the lucrative potential of selling citizenship cards, reflecting a shift in the perception of citizenship as a valuable brand. Find John here: https://rubino.substack.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

Do you want to reduce high-interest debt fast? Debt Redemption Texas Debt Relief (214-623-5944) is a local Texas-based company that is here to help, with expert advice and guidance you can trust! Find out more at: https://debtredemption.com/dallas-texas/ Debt Redemption Texas Debt Relief City: San Antonio Address: 40 NE Interstate 410 Loop, Suite 565 Website: https://debtredemption.com/

Freddie New is the Head of Policy at Bitcoin Policy UK, advocating for sensible Bitcoin regulations in the United Kingdom. With a background in law and lobbying, he works tirelessly to educate policymakers and the public about Bitcoin's potential in the UK financial landscape.› Follow Freddie: https://twitter.com/freddienew› Bitcoin Policy UK: https://bitcoinpolicy.ukSPONSORS

U.S. Government Debt Crisis: Understanding the Coming Fiscal Reckoning   The Alarming Truth About U.S. Government Finances In this eye-opening episode of The Tom Dupree Show, host Tom Dupree shares […] The post U.S. Government Debt Crisis: Understanding the Coming Fiscal Reckoning HOUR3 3-08-35 appeared first on Dupree Financial.

Armando and Robert discuss the strategic reserve, how the govt can leverage crypto for the federal debt. They also discuss updates with coins such as XRP and Cardano.

After sending congratulations to the Super Bowl champion Eagles, today we dive into a dense and important topic: the U.S. federal debt. There's a lot of fear and misinformation around this issue, so we break down what the numbers really mean and how they compare to history.Alex kicks things off by clarifying key terms. A deficit occurs when the government spends more than it brings in during a given year. The debt is the accumulation of all past deficits, minus any surpluses. The U.S. has run a deficit in 46 of the last 50 years, meaning it consistently spends more than it collects in revenue. To cover these shortfalls, the government borrows money by selling treasury securities to investors, institutions, and foreign governments. The debt's significance is often measured against the country's total economic output—its debt-to-GDP ratio—which has averaged about 64% since 1939 but has spiked dramatically at key moments in history.We've seen two major surges in debt-to-GDP: during World War II, when it reached 120%, and during COVID-19, when emergency spending pushed it to 125%. While this ratio has come down slightly since the pandemic, it remains historically high. Similarly, the deficit-to-GDP ratio, which measures the size of the annual shortfall relative to economic output, has averaged 3.4% over time but ballooned to around 6.4% in recent years.Ed walks us through the current numbers. As of 2025, the U.S. total debt stands at $36.2 trillion, with about $28.9 trillion held by the public and $7.3 trillion held by government programs like Social Security. Given that GDP is around $29 trillion, our debt-to-GDP ratio sits at 120%, nearly double its long-term average. The U.S. ran a $1.8 trillion deficit in 2024 and is on track for a similar shortfall in 2025. Experts believe a sustainable deficit level should be closer to 3% of GDP, meaning we'd need to close a $1 trillion annual gap through tax increases, spending cuts, or a mix of both.A common concern we address is the idea that foreign nations “own” the U.S. through debt holdings. In reality, only about 23% of U.S. debt is held by foreign countries, with Japan and China being the largest holders. However, they invest in U.S. debt not to control us but because U.S. treasuries are among the safest assets in the world.So, should we be panicking? Not necessarily. As Ed reminds us, people have been warning about a debt crisis for decades. Ross Perot famously made it a central issue of his 1992 presidential campaign when the debt was just $4 trillion.  And yes, we may have detoured for a moment into Ross Perot and "Dana Carvey doing Ross Perot" impressions.Today's debt and deficit numbers are bigger, but so is the U.S. economy. While the current trajectory isn't sustainable forever, it's not an immediate crisis either—more of an issue that will need to be addressed over time.If you're wondering how these macroeconomic trends impact your personal financial planning, feel free to reach out. Visit Birch Run Financial, email info@birchrunfinancial.com, or call 484-395-2190. You can always email Alex and Ed at info@birchrunfinancial.com or give them a call at 484-395-2190.Or visit them on the web at https://www.birchrunfinancial.com/Alex and Ed's Book: Mastering The Money Mind: https://www.amazon.com/Mastering-Money-Mind-Thinking-Personal/dp/1544530536 Any opinions are those of Ed Lambert Alex Cabot, and Jon Gay and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The examples throughout this material are for illustrative purposes only. Raymond James does not provide tax or legal services. Please discuss these matters with the appropriate professional. Diversification and asset allocation do not ensure a profit or protect against a loss. Past performance is not indicative of future returns. CDs are insured by the FDIC and offer a fixed rate of return, whereas the return and principal value of investment securities fluctuate with changes in market conditions. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. Stock Market. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. International investing involves special risks, including currency fluctuations, differing financial accounting standards, and possible political and economic volatility. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices generally rise. Investing in small cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor. The prices of small company stocks may be subject to more volatility than those of large company stocks. Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Birch Run Financial is not a registered broker/dealer and is independent of Raymond James Financial Services. Birch Run Financial is located at 595 E Swedesford Rd, Ste 360, Wayne PA 19087 and can be reached at 484-395-2190. Any rating is not intended to be an endorsement, or any way indicative of the advisors' abilities to provide investment advice or management. This podcast is intended for informational purposes only.Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users or members.

Kevin DeMeritt: Trump and the Dangers of Government Debt.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Paying off tax debt can be difficult for people who are having a hard time making ends meet. And when state tax officials hire private debt collectors the methods get controversial. Michael Pope reports. 

Beijing's latest support package targets years of off-book borrowing and growing fiscal challenges Note: The conversation segment of this episode was generated using AI and has been edited for accuracy. It is based on a Caixin story: In Depth: China's Multitrillion-Dollar Salve for Local Government Hidden Debt Subscribe now to unlock all coverage from Caixin Global and The Wall Street Journal for just $200 a year, enjoying a 66% discount. Group discounts are available — contact us for a customized plan.

After months of weak economic performance, Beijing has introduced a series of measures aimed at stabilizing the economy. They include a 10 trillion yuan local government debt restructuring package.To shed light on the blatant levels of local government indebtedness, Claudia Wessling, Director Communications and Publications at MERICS, talks to Victor Shih and Max Zenglein. Victor is a professor of political science, director of the 21st Century China Center at the School of Global Policy and Strategy and the Ho Miu Lam Chair in China and Pacific Relations at UC San Diego. Max is the Chief Economist at MERICS and the driving force behind the Economic Indicators, a quarterly series of analyses for MERICS members that puts China's economic statistics into context. --This podcast episode is part of the “Dealing with a Resurgent China” (DWARC) project, which has received funding from the European Union's Horizon Europe research and innovation programme under grant agreement number 101061700. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union. Neither the European Union nor the granting authority can be held responsible for them. 

Jamaica's economy struggled for decades, and at one point it had amassed debts worth more than 140 per cent of GDP. Even the IMF wouldn't return its calls. But somehow, in the 2010s, it managed to halve its government debt – over just seven years. Today on the show, we ask how they did it, and what lessons Jamaica can teach much larger economies. Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this week's Market Minutes recap, hear from our team of investment experts as they share their perspectives on the latest market and economic activity. Our panel shares detailed insights into the initial unemployment claims, PCE Inflation report, government debt, China, and the equities market.Speakers:Brian Pietrangelo, Managing Director of Investment StrategyConnor Cloetingh, Senior Equity AnalystGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Head of Fixed Income01:38 – The initial unemployment claims for the week ending September 21 were reported at 218,00002:50 – Overall Personal Consumption Expenditures (PCE) slowed down from July with a reading of 0.5% to 0.2% in August. Additionally, the PCE Inflation month-over-month data came in at 0.1% in August04:50 – Being the first inflation report since the September rate cut, the PCE Inflation data validated the Federal Reserve's rate cut decision, and opened the door for another 50-basis point cut heading toward the end of the year10:53 – Comments on government debt and its impact on the bond market 14:03 – As government debt has affected markets worldwide, we hear how China's economic standing is influencing the equities market – particularly with material and commodity pricesAdditional ResourcesKey Questions: 25 or 50... Is That Really the Question? | Key Private Bank Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterEconomic & Market ResearchWeekly Investment BriefFollow us on LinkedIn

One of the major structural factors impacting government financing is the massive scale of public money needed to ensure the transition to a carbon neutral economy. How are trends in government debt issuance evolving as they relate to sustainability? Alex Caridia, head of public sector markets at RBC and Heather Taylor, partner, climate change and sustainability at EY, join OMFIF lead economist Taylor Pearce to discuss. The conversation is a part of OMFIF's workstream on the Future of public money project. 

PersonalYogaGolf LessonMarketsS&P500 up 20%VGT up 19%Dividends/value up 11%. 3.36% yieldBTW: 5 years ago you buy VGT: you're up 2.7x. $100k = $270kVOO: up 2x  = $200kAt 7% annualized return = double in 10 years. At 10% annualized return = double in 7 years. At 20% annualized return = double in 4 yearsFed just cut by 0.5%. First cut since 2020. I.e. Covid. Current federal-funds rate is at 5.25% to 5.50%, Expect 0.75% of cuts in 2024. Meeting Sept 18. 2 more this year. 2.00% to 2.25% by year-end 2026.So what does this mean? Money Market lower returns.Mortgage rates should come down. Car loans down. Good for Tesla. Government Debt per WSJAccording to recent data, interest expense currently makes up around 13% of the US government budget, representing the third largest spending category behind Social Security and Medicare.Demand for AIListen to Larry Ellison explaining the crazy demand for AI. Netflix:All time high.I still think its recession proof! Seems like Q4 subscription #'s should be HUGE! WHY?  New events:  Boxing: Tyson and Jake PaulThe fight, which will be held over eight two-minute rounds, will now take place on November 15 at the At&T Stadium in Texas.Tyson, 58 is 30 years older than Jake. Squid game: Squid Game Season 2 will premiere on Dec. 26, Most-watched series: Squid Game became Netflix's most-watched series and the most-watched program in 94 countries.NFL Football x-mas. On Dec. 25, 2024, we'll be the global home of the NFL's two Christmas Day marquee games:TeslaTesla Semi: PepsiCo drivers love it. PepsiCo said today that their drivers who operate the company's Tesla Semi trucks have reported that, after driving the electric truck, they don't want to go back to driving a diesel truck.Elon on All In Podcast Summit15:40 on Fresh Water dumping and $140k fine. Inspiration. Uncrewed landing to Mars in 2026 Crews in 2028 if successful (and if government gets out of way). Recommendations:All In - Megyn KellyAll In - John Mearsheimer and Jeffrey Sachs. Univ of Chicago and Columbia. All In - Interview with Dave PortnoyNapoleon on Apple. 

Secession may seem like a dirty word, but it has happened many times in history and it's worth understanding the political and economic benefits it can yield. Ryan McMaken, Executive Editor and Economist at the Mises Institute joins me to discuss his book, Breaking Away.  Summary In this conversation, Stephan and Ryan McMaken discuss the topic of secession and its advantages. They explore the historical and theoretical context of secession, highlighting the benefits of radical decentralization and the success of small, economically prosperous states.  They also examine the conditions that enable breakaway states, including economic factors, military power, and ethnic or nationalistic identity. The conversation emphasizes the need for people to come to terms with the reality that the federal government cannot offer long-term economic prosperity and that unity does not necessarily mean shared values or interests.  The conversation explores the challenges and potential solutions related to secession and breakaway movements. It discusses the negotiation process for exiting a larger government entity, the impact on national debt and pension obligations, and the historical examples of successful secession.  The conversation also touches on the Brexit movement and the potential for secession movements in the United States. It emphasizes the importance of developing competing elites at the state level and gradually asserting more local control over policies and resources. Takeaways Radical decentralization and the success of small, economically prosperous states are key advantages of secession. Breakaway states often emerge when the benefits of political unity no longer outweigh the benefits of separation. Conditions that enable secession include economic factors, military power, and ethnic or nationalistic identity. The federal government cannot guarantee long-term economic prosperity, and unity does not necessarily mean shared values or interests. Secession and breakaway movements require careful negotiation, especially regarding national debt and pension obligations. Historical examples show that debt write-downs and negotiations are common in secession processes. Brexit can be seen as a failure or a missed opportunity, depending on one's perspective. Competing elites at the state level can challenge the entrenched interests of the federal government. Gradual steps, such as asserting control over border policy and creating state-level institutions, can pave the way for secession. Developing local revenue sources is crucial to reduce reliance on federal funds and assert more autonomy. Timestamps: (00:00) - Intro (01:00) - What is Secession and why care about it?(05:25) - Why has the number of countries tripled since WW2?(09:00) - Why be Pro-secession? (14:45) - Pros & Cons of a ‘Large' State; Political Decentralization  (19:28) - Sponsors (21:45) - Advantages of smaller countries (27:30) - Conditions that enable the pathway to Secession  (33:11) - Sponsors (41:07) - Dealing with Government Debt & obligations in a Secession (46:23) - Was Brexit a failure? (56:28) - Secession in the USA: A distant dream? (1:02:42) - Elites vs. Counter-elites (1:06:58) - Secession movements in the USA (1:15:39) - Closing thoughts  Links:  https://mises.org/profile/ryan-mcmaken https://mises.org/library/book/breaking-away-case-secession-radical-decentralization-and-smaller-polities  https://x.com/ryanmcmaken Sponsors: Bold Bitcoin CoinKite.com (code LIVERA) mempool.space/accelerator  Stephan Livera links: Follow me on X: @stephanlivera Subscribe to the podcast Subscribe to Substack

My guest this week is Mark Dow. Mark started his career as an economist with the US Treasury and the IMF before he joined Wall Street. Today, he is the founder of behavourialmacro.com and runs a fund that combines his skillsets as a trader and an economist. In this discussion, we talk about why economists are usually bad investors, how Mark approaches markets, and we cover some provocative ideas - including how Quantitive Easing and Tightening have little effect and why Mark's not worried about US debt. Please enjoy this great conversation with Mark Dow For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Making Markets is a property of Colossus, LLC. For more episodes of Making Markets, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @makingmkts | @ericgoldenx Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:01:06) Welcome to Making Markets (00:01:53) Starting the Conversation: Economists as Investors (00:03:31) Transition from Economist to Trader: A Personal Journey (00:05:32) Understanding Market Narratives and Trading Patterns (00:08:09) The Role of the Federal Reserve in Market Narratives (00:09:26) The Impact of Monetary Policy on Market Dynamics (00:09:40) The Behavioral, Secular, and Cyclical Factors Influencing Monetary Policy (00:11:52) The Limitations of the Federal Reserve's Control Over Money Creation (00:14:40) The Behavioral Conditioning of Interest Rates (00:16:26) Understanding the Role of Banks in Money Creation (00:17:16) The Misconceptions about Monetary Policy (00:17:50) The Mechanics of Quantitative Easing (00:18:50) The Impact of Quantitative Easing on the Economy (00:19:55) The Role of Risk Appetite in Lending (00:21:25) The Effect of Economic Expectations on Yields (00:22:19) The Role of the Fed in the Financial System (00:26:53) The Impact of Competitive Pressures on Risk Taking (00:27:13) Understanding the Financial Instability Hypothesis (00:31:01) The Role of Demand in Asset Valuation (00:34:05) Understanding the Market Risk Cycle (00:34:13) The New Cycle and Its Differences (00:35:11) Economic Headwinds and Future Predictions (00:35:41) The Role of Banks and Areas of Concern (00:36:46) The Impact of Debt and the Financial System (00:37:15) The Role of Government Debt and Its Implications (00:37:36) The Stability of Treasuries and the Global Financial System (00:38:07) The Future of the Dollar and Government Debt (00:39:14) The Impact of Growth and Productivity on the Economy (00:40:03) The Risk Cycle and the Role of Institutions (00:42:06) The Impact of Fiscal Deficit and Modern Monetary Theory (00:48:55) Understanding Income Inequality and Asset Price Inflation (00:50:28) The Role of Finance and Technology in Income Inequality (00:53:34) The Future of the Housing Market Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's Post - https://bahnsen.co/45pEwTs Exploring Market Volatility and the Concept of a Minsky Moment In this episode of Dividend Cafe, David discusses the current volatility and directionlessness in the market, delving into the concept of a 'Minsky moment,' where periods of stability can give rise to instability. They differentiate between short-term market concerns rooted in equity valuations and longer-term economic issues tied to government debt. The episode explores the influence of large cap tech stocks within the S&P 500 and the cyclical nature of market dynamics. David also touches on the importance of maintaining a quality, counter-cultural investment portfolio to mitigate risks associated with economic instability and market euphoria. 00:00 Introduction and Market Overview 00:25 Understanding the Minsky Moment 03:10 Historical Context and Personal Insights 07:27 Application to Current Market Conditions 09:20 Government Debt and Long-Term Economic Impact 11:34 Cap-Weighted vs. Equal-Weighted Indexes 15:21 Final Thoughts and Father's Day Wishes Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

This week on Econ 102, Noah Smith and Erik Torenberg discuss the pros and cons of Biden's tax plan based on Noah's recent essay. They also answered listener questions on the German economy's success, Japan's government debt management, and strategies for staying well-informed on economic issues. Recommended Podcast: Company Breakdowns Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit, Klaviyo and Rubrik - which just IPO'd. Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJ Apple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197 -- SPONSORS: BEEHIIV | HARMONIC Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox.

Listener Q&A where Andy talks about: Am I concerned about the increasing amount of US government debt, and how do I think it will impact retirees' investments ( 1:32 )Are there any custodians that offer Roth versions of SEP IRAs ( 16:58 )Is there a simple way to estimate what your total taxes will be for the year ( 19:28 )Could it make sense to invest in municipal bonds instead of bonds where the interest is taxable - even if the after-tax yield of the non-municipal bonds is higher - if the interest from the municipal bonds will have smaller impact on Modified Adjusted Gross Income for things like Medicare premium surcharges and Affordable Care Act premium tax credits ( 26:01 )A listener's feedback on why he feels a living/revocable trust was a good idea for him ( 31 :48 )How much money is TOO MUCH to have in a Health Savings Account ("HSA") ( 36:16 )Is it better to take a year's Required Minimum Distribution ("RMD") all at once, or spread out throughout the year ( 42:05 )Links in this episode:My company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com

EURODOLLAR UNIVERSITY'S SPRING SALE STILL GOING FOR A LITTLE WHILE LONGER, DETAILS AT THE LINK BELOWhttps://www.eurodollar.university/sales-page-springUST yields are up somewhat sharply since early April, raising questions as to why that is. High on the public list of suspects is a government bond crisis for obvious Uncle Sam insanity reasons. Others point to possible reflation in higher yields. We do have a solid, historically validated answer for Treasuries, but it's written in German. Eurodollar University's Money & Macro Analysishttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

An important way to tackle America's debt problem is to devolve a large part of federal spending to the states, allowing them to fund it themselves. Chris Edwards explains in a new paper. Hosted on Acast. See acast.com/privacy for more information.

Full interview with Brent Johnson on Eurodollar Dominancehttps://funnel.eurodollar.university/dollarYou won't believe how much debt our broke government issued last year. MULTIPLE trillions. At the same time, the Federal Reserve did three-quarters of a trillion USTs roll off its balance sheet (QT). Rather than destroy the Treasury market or bonds in general, quite the opposite has happened. You NEED to ask yourself WHY. There is no soft landing here.Eurodollar University's Money & Macro AnalysisTBAC Most Recent Quarterly Refundinghttps://home.treasury.gov/policy-issues/financing-the-government/quarterly-refunding/most-recent-quarterly-refunding-documentsTBAC Treasury Borrowing Estimates for Q1 2024https://home.treasury.gov/news/press-releases/jy2054https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

Last year, the Inflation Reduction Act was signed into law as the Biden Administration's signature attempt to combat climate change. Today, we present three climate-related indicators with guest Nate Hegyi of the public radio podcast, Outside/In.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.