Podcasts about governors

On Wednesday's Mark Levin Show, the insurrection act has been used at least 20 times starting in 1808. President Trump has to use it because we have Democrats who refuse to follow the law. Right now, we have a Democrat party usurping the Constitution. Governors and cities are not in charge of immigration. They don't have the power to prevent ICE from doing their job. Also, former FBI Director James Comey is a serial liar, leaker, and scoundrel who absconded with government documents, interfered in the 2016 election more than foreign powers, and brought disrepute to the FBI. Comey belongs in court and is lucky to avoid charges for other unethical acts.  The democrat talking point is that acting US attorney in the Eastern District of Virginia prosecuting the Comey case has no prosecutorial experience. But in 1961, President John Kennedy nominated his 35-year-old brother, Robert, to be attorney general.  RFK had no state or federal courtroom experience of any kind. The Democrat controlled Senate confirmed him. Later, Trump announces that “Israel and Hamas have both signed off on the first Phase of our Peace Plan. This means that ALL of the Hostages will be released very soon, and Israel will withdraw their Troops to an agreed upon line as the first steps toward a Strong, Durable, and Everlasting Peace. All Parties will be treated fairly!” The broad parameters of the deal sound very good.  Rep Mike Lawler calls in to discuss the first phase of the Gaza peace plan. Trump has worked tirelessly to get the hostages home, but Hamas cannot remain in power. Lawler also discusses his confrontation with Rep Hakeem Jeffries over the government shutdown. Learn more about your ad choices. Visit podcastchoices.com/adchoices

President Trump and his team are doubling down on efforts to bring the National Guard into Democrat-run cities and to ramp up ICE enforcement. The administration argues that episodes of violence against federal agents constitute a danger. Governors and mayors say local police can handle any issues and argue it's an unconstitutional power play by Trump. William Brangham reports. PBS News is supported by - https://www.pbs.org/newshour/about/funders. Hosted on Acast. See acast.com/privacy

Retirement isn't just about the numbers. Tim Ulbrich, PharmD and Tim Baker, CFP® and Registered Life Planner, explore how life planning can help you design a retirement filled with purpose, meaning, and fulfillment, not just financial security. Episode Summary When it comes to preparing for retirement, most conversations focus on the financial side—things like income planning, Social Security timing, withdrawal strategies, and tax-efficient investing. But true retirement readiness goes beyond the numbers. In this episode, Tim Ulbrich, PharmD, is joined by Tim Baker, CFP® and Registered Life Planner, to explore how life planning can help you design a retirement that's rich with meaning, purpose, and fulfillment, not just financial security. As you step away from decades of work—often after raising kids, building a career, and living within a structured routine—you enter a new phase of life where the biggest challenges aren't just financial, they're personal. Who are you now? What does your ideal day look like? How do you make this season of life one that aligns with your values and brings you joy? In this episode, you'll learn: What life planning is and how it complements financial planning How to navigate the personal and emotional transition into retirement Practical ways to align your money with your values and goals How to create a vision for a fulfilling and purpose-driven retirement Whether you're approaching retirement or simply thinking ahead, this conversation will help you see how life planning can make the next chapter not only financially sound but deeply satisfying. Mentioned on the Show Your Financial Pharmacist Your Financial Pharmacist on YouTube YFP 394: Crafting a Rich Life in Retirement: Insights from David Zgarrick, PhD Vanguard Study Advisor's Alpha Changes in US Family Finances from 2019 to 2022: The Federal Reserve Board of Governors

The state of Illinois and the city of Chicago are suing to stop the deployment of Texas National Guard troops to the Chicago area. The Trump administration says it needs the National Guard troops to protect federal agents who are carrying out immigration enforcement orders. A bipartisan group of former governors is asking to get involved in the case in support of Illinois and Chicago leaders. Among them are two former Minnesota governors, Democrat Mark Dayton and Arne Carlson, who served as a Republican but has since moved away from the party. Carlson joined MPR News host Nina Moini to share more.

-- On the Show: -- Democrat Mindy O'Neall defeats incumbent Republican Mayor David Pruhs in Fairbanks, Alaska, and Pruhs concedes with grace instead of conspiracy theories -- Illinois Governor JB Pritzker accuses Donald Trump of suffering from dementia while condemning his decision to deploy National Guard troops to Chicago and Portland -- Attorney General Pam Bondi erupts in a combative Senate hearing, dodging questions about Trump and Epstein while lashing out at Democratic senators -- Trump openly suggests rewarding loyal federal workers and punishing others, effectively proposing an unconstitutional spoils system on national television -- Trump baffles Canadian Prime Minister Mark Carney during a press conference with rambling, incoherent remarks about airports, AOC, and a Canada–US “merger” -- Stephen Miller accidentally admits on CNN that Trump has “plenary authority,” exposing the administration's authoritarian mindset before the network cuts him off -- Stephen Miller doubles down on extremist rhetoric and racist remarks while dismissing accusations of incitement -- Trump calls for the jailing of Chicago Mayor Brandon Johnson and Governor JB Pritzker, echoing the rhetoric of 20th-century dictators targeting dissenters -- Former MAGA-friendly podcasters like Joe Rogan, Theo Von, and Adin Ross rapidly distance themselves from Donald Trump as their audiences turn against his presidency -- On the Bonus Show: Mike Johnson warns furloughed workers may not get back pay, the White House says it'll use tariff revenue to pay for food assistance, the Treasury defends minting a Trump coin, and much more...

Susan Guthrie welcomes Patrick Kilbane, J.D., CDFA®, partner at Ullman Wealth Partners and Director of the Divorce Advisory Group, to talk about one of the most overlooked but critical phases of divorce: what happens to your finances after the papers are signed. Instead of stopping at the settlement, Patrick shows you how to step into your financial “2.0” with confidence. We talk about creating clarity around your monthly cashflow, setting up systems to cover everyday expenses, and simplifying your accounts so they're easy to manage. Patrick also shares how to plan ahead during the divorce, not just after, so you negotiate with your future in mind. You'll hear practical strategies for rebuilding credit, organizing your retirement and investment accounts, making smart housing decisions, and avoiding costly mistakes that can derail your long-term security.  Patrick's decades of experience as both an attorney and Certified Divorce Financial Analyst make this a must-listen for anyone ready to move beyond survival mode and build a strong, strategic financial foundation for the next chapter of life. What You'll Discover in This Episode How to recognize when it's time to shift from divorce survival to planning your independent future Simple steps to clarify monthly cashflow and set up systems to cover bills and savings Why involving a financial advisor before settlement helps you plan smarter and avoid gaps How strategic planning beyond the settlement sets you up for lasting stability and confidence More About Our Special Guest, Patrick Kilbane, J.D., CDFA®:  Pat is a Partner at the firm and serves as both a Wealth Advisor and General Counsel. He brings over a decade of experience helping clients coordinate and implement comprehensive wealth management strategies. In his legal role, he manages all legal matters for the firm and assists clients with navigating their own legal questions by connecting them to trusted resources. Pat also leads our Divorce Advisory Group, where he supports high-net-worth clients before, during, and after the divorce process. Drawing on his extensive background in family law and his Certified Divorce Financial Analyst® (CDFA®) designation, Pat helps clients make informed, confident financial decisions at every stage of marital dissolution. Before joining our firm, Pat built a successful legal career in matrimonial and family law, serving as a Shareholder at two respected statewide firms—GrayRobinson, P.A. and Rogers Towers, P.A.—in Jacksonville. Pat is deeply involved in the Jacksonville community and has served on numerous civic and professional boards. He has received several gubernatorial appointments, including to the Jacksonville Aviation Authority—where he served as Chairman from 2017–2018 and again from 2020–2021—and to the 4th Judicial Circuit Judicial Nominating Commission, where he served as Chairman from 2017–2019. Most recently, he was appointed by Governor Ron DeSantis to the Jacksonville Port Authority in 2024 and to the Florida Elections Commission in 2025. His leadership extends to the Jacksonville Bar Association, where he served on the Board of Governors and as President of its Young Lawyers Section. He is a graduate of Leadership Florida (Class XXXV) and currently serves as President of the Jacksonville Lawyers Chapter of the Federalist Society. Pat previously served as President of the Board of Directors of the Notre Dame Alumni Club of Greater Jacksonville and as a member of the Foundation Board for St. Vincent's Hospital. In 2017, he was appointed by Bishop Felipe Estévez to the Savings and Loan Board for the Diocese of St. Augustine. In 2020, he was elected to the Board of Trustees for Adrian College, which will honor him as its 2025 Distinguished Alumnus. Pat earned his J.D. from the University of Notre Dame and holds a B.B.A. from Adrian College, where he graduated summa cum laude. He is a Certified Divorce Financial Analyst® and co-author of Move Forward Confidently: A Woman's Guide to Navigating the High-Net-Worth Divorce. Website and Book http://ullmannwealthpartners.com Pat's book: Move Forward Confidently: A Woman's Guide to Navigating the High-Net-Worth Divorce. ===================== Take the Most of Your Listening Experience: If this episode resonates with you, be sure to: Subscribe to Divorce & Beyond so you never miss an episode. Share this episode with friends or loved ones who need hope and healing. Leave a 5-star review to help us reach even more listeners. Follow Us Online: Divorce & Beyond:  https://divorceandbeyondpod.com, IG: @divorceandbeyond MEET OUR CREATOR AND HOST: SUSAN GUTHRIE®, ESQ., the creator and host of The Divorce and Beyond® Podcast, has been nationally recognized as one of the top family law and divorce mediation attorneys in the country for more than 30 years.  Susan is the Chair of the American Bar Association Section of Dispute Resolution and is a sought-after keynote speaker, business and practice consultant, coach and trainer. You can find out more about Susan and her services here: https://susaneguthrie.com Divorce & Beyond is a Top 1% Overall and Top 100 Self-Help podcast designed to help you with all you need to know to navigate your divorce journey and most importantly, to thrive in your beautiful beyond!   ***************************************************************************** SPONSOR SPOTLIGHT: HELLO FRESH HelloFresh is now a proud sponsor of Divorce & Beyond! If you've been thinking about cutting back on grocery bills, avoiding food waste, or just getting dinner on the table without the stress — this is your moment, because right now, HelloFresh is offering one free item in every box — for life! That's right — every single box you order includes a free item, forever. And just to give you a taste of what that looks like... I got pineapple upside-down cakes in my first order! I originally discovered HelloFresh during the pandemic and fell in love with learning new recipes and expanding our dinner routine. I let it go for a while — hey, I live in Chicago with world-class restaurants on every corner — but with today's rising costs, HelloFresh is back on my table, and I'm so glad it is. So if you're ready to save time, money, and dinner — go to divorceandbeyond.com/hellofresh and sign up today to grab that free item for life. ***************** YUMIYU Jewelry YUMIYU Jewelry is Susan's favorite source for meaningful, handcrafted jewelry designed to empower women and celebrate individuality. Each piece is made with care, using high-quality materials like real gold and vermeil, and is water-resistant, non-tarnish, and hypoallergenic. During difficult times, like divorce, wearing a symbol of hope or protection—such as a hamsa or an evil eye—can be a comforting reminder to keep the faith and stay strong. As a special gift to my listeners, YUMIYU Jewelry is offering 20% off your purchase! Use the code "BEYOND" at checkout to claim your discount. Explore their stunning collection at yumiyujewelry.com and find your perfect piece today! Link: https://divorcebeyond.com/YUMIYU  Code: “BEYOND” for 20% off! ***************************************************************************** SPONSORSHIP OPPORTUNITIES AVAILABLE! If you would like to sponsor the show and reach our large community of those going through and healing from divorce, please reach out to us at  divorceandbeyondpod@gmail.com for pricing and details!!! ***************************************************************************** DISCLAIMER:  THE COMMENTARY AND OPINIONS AVAILABLE ON THIS PODCAST ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE.  YOU SHOULD CONTACT AN ATTORNEY IN YOUR STATE TO OBTAIN LEGAL ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM.

-- On the Show: -- Governors Josh Shapiro, Gavin Newsom, Kathy Hochul, and J.B. Pritzker defy Donald Trump on healthcare, climate, abortion, and immigration -- Eric Trump repeatedly blames everything on an undefined 'they' during a rambling viral video -- David cancels an appearance on Jubilee's Surrounded citing safety, editing concerns, and doubts about debate culture -- Some Democrats are failing to connect with voters, while Zoran Mamdani excites supporters -- Donald Trump's tariffs, bailouts, and trade wars raise everyday costs for Americans and act as a hidden tax -- A new poll shows nearly half of swing-district voters support impeaching Trump less than a year into his second term -- The Friday Feedback segment -- On the Bonus Show: Right-wing reactions to the government shutdown, right-wing reactions to Bad Bunny being announced as the Super Bowl halftime performer, and much more...

Can you help me make more podcasts? Consider supporting me on Patreon as the service is 100% funded by you: https://EVne.ws/patreon You can read all the latest news on the blog here: https://EVne.ws/blog Subscribe for free and listen to the podcast on audio platforms: ➤ Apple: https://EVne.ws/apple ➤ YouTube Music: https://EVne.ws/youtubemusic ➤ Spotify: https://EVne.ws/spotify ➤ TuneIn: https://EVne.ws/tunein ➤ iHeart: https://EVne.ws/iheart TESLA OPENS MODEL Y PERFORMANCE US ORDERS  https://evne.ws/3KxdXFO POLESTAR 3 GETS BIG UPGRADES FOR 2026 https://evne.ws/4gPyt09 NISSAN PAUSES U.S. EV PRODUCTION PLANS https://evne.ws/3IH9b84 MODEL Y PERFORMANCE TO ENABLE BIDIRECTIONAL CHARGING https://evne.ws/4nYAp8S TESLA RAISES U.S. LEASE PRICES AFTER TAX CREDIT ENDS https://evne.ws/4o0jNO8 TESLA CHINA DELIVERIES CONTINUE TO DECLINE https://evne.ws/475oWih NORWAY EVS 98.3% OF SEPTEMBER REGISTRATIONS https://evne.ws/4777AS8 NEXTSTAR ENERGY FINISHES $5B WINDSOR BATTERY PLANT https://evne.ws/4nuTEqN FOSSIL FUEL SUBSIDIES OUTSTRIP EV TAX CREDIT https://evne.ws/46TFDfn AFFORDABLE CLEAN CARS COALITION GROWS TO 13 GOVERNORS https://evne.ws/4nu3Tf3 RIVIAN SHARES R2 WATER-FORDING DURABILITY TEST AS PRODUCTION NEARS https://evne.ws/42UW0Hj 4SB MOBILITY TO DEMONSTRATE SWAPPABLE EV BATTERIES https://evne.ws/4ny4ufK

In this episode, retired Marine Intelligence Officer Hal Kempfer examines the Trump administration's fast-paced 2025 deployments of federalized National Guard troops to major U.S. cities. Framed by the Administration as a strategy to combat crime, immigration, and homelessness, the move has sparked nationwide debate over the use of the military and testing the limits of federal intervention in the homeland. From Los Angeles to Washington, D.C. and from Portland and Memphis, these deployments are redefining the balance of power between state and federal authority and spotlighting a “loophole” within the Posse Comitatus Act, wherein active-duty National Guard troops under federally funded Title 32 status are working for the state and potentially performing missions that are prohibited to federal troops under federal law. At the same time, President Trump has declared Mexican drug cartel members as ‘unlawful combatants', signaling a dramatic shift in how these cartel members are to be handled, and coinciding with an expansion of U.S. military engagement in the Western Hemisphere.Takeaways: • National Guard deployments expanded from Los Angeles to Washington, D.C., and beyond. • Federal troops tasked with supporting ICE in logistics and enforcement. • Governors divided: some request support, others challenge deployments in court. • Legal disputes center on Posse Comitatus and Title 32 authority. • Oregon sued over deployments, citing risks to public safety. • Trump declares cartel members as “unlawful combatants,” putting them in the same status as Al Qaeda • Parallels drawn to post-9/11 legal precedents and controversies. • Growing shift of U.S. military focus to Western Hemisphere threats. #STRATPodcast #HalKempfer #MutualBroadcastingSystem #StrategicRiskAnalysis #NationalGuard #TrumpAdministration #BorderSecurity #ImmigrationEnforcement #PosseComitatus #Title32 #USMilitary #DrugCartels #UnlawfulCombatants #HomelandSecurity #FederalOverreach #PublicSafety #DomesticDeployment #WarPowers #TransnationalCrime #WesternHemisphere

If you are listening to this prior to October 9, 2025, go to the 32BJ Changing the Playbook on Hospital Prices event, where Mark Cuban will be keynoting. Cora Opsahl will also be speaking, and I will be there listening. For a full transcript of this episode, click here. If you enjoy this podcast, be sure to subscribe to the free weekly newsletter to be a member of the Relentless Tribe. So, trust, simplicity, and a chicken. Yeah, this is where this whole conversation with Mark Cuban and Cora Opsahl winds up. And it is a barnstormer because you know what some really good advice is for anybody trying to do right by patients and taxpayers and plan sponsors? It will take trust. It will take making the complicated as simple as possible. And also if you could pay with a chicken, like in the good old days, that would be messy—I can say with confidence, having grown up in Pennsylvania Dutch country, where there are many, many chickens—but also being able to pay with a chicken could also indicate that healthcare prices are reasonably chicken proportionate and that the doctor-patient relationship is good enough to break bread (or have chicken). That last part is really important, and Cora Opsahl says this at one point in the episode that follows. It doesn't matter how wonderful the transparency or the financing. If the prices are insane and there's no more reasonably priced options in any given market, then yeah. Shane Cerone says in an upcoming show, he says, “We do not have a broken healthcare market. We do not have a healthcare market. There is no market.” Okay … so, you could call this conversation a continuation of the episode with Ann Kempski (EP444), entitled “Two State Healthcare Laws Often Don't Go as Planned.” But it's not just healthcare laws that often don't go as planned. It's some very foundational constructs that we have built the healthcare sector upon that may also not go as planned. The healthcare sector is like a game of pachinko. You chuck an input into the mix, and it will bounce all around into all the perverse incentives and human beings and the non-market that we have. And who the heck knows what is gonna pop out the other side? It's like game theory at its most unpredictable. So, in healthcare, there are many, many examples of when the solution to a problem arguably creates worse problems than the problems the solution was trying to solve for. But we—Mark Cuban, Cora Opsahl, and I—are gonna shake our fists at two such solutions today: high deductible health plans (or just high deductibles in general) and then self-insured employers trying to solve the complexity of the healthcare industry by hiring consultants and middlemen, middle people, and other vendors to navigate the pachinko parlor (that is, our $4.9 trillion healthcare sector) on their behalf. Now, I am not in any way saying the spirit of these two endeavors—high deductibles and hiring consultants and middlemen—weren't wholehearted. They seem just like many other well-intentioned solutions: very logical on their face. What I am saying is there are many ways in the real world for even the most, again, genuine endeavor to turn into a money grab for those so inclined. While at the same time I'm saying all this, I'm also very much saying that there are some amazing consultants and middle folks such as independent third-party administrators, otherwise known as TPAs, and PBMs (pharmacy benefit managers) who are transparent and hold themselves accountable to the fiduciary responsibilities that their clients are held to in real terms—not just in marketing speak with 40 pages of disclaimers following. There are great folks out there, many of whom listen to this podcast and are part of our tribe on the regular. And to you, I say thank you for being here, because it takes all the knowledge and more from every one of the guests featured in these past 487 Relentless Health Value episodes plus treating every day like a school day to make sure that we all are not getting shanked from behind by some innocent-looking contract term that turns out to be anything but. The conversation that follows starts out talking about high deductibles; naturally segues into how third-party intermediaries can actually exacerbate the issues here; then we get into transparency, financing, clinical organizations taking on risk, and the benefits and challenges of direct contracts; then Mark lays out a vision for the future. Okay … I wanna get to this conversation. If you are a new listener here—and you might be because … yeah, Mark Cuban—let me just inform you that this podcast is largely listened to by those who work in the healthcare industry. So, you are going to encounter acronyms. You will also encounter me referencing earlier episodes because surveys say listeners really appreciate these callbacks to go get additional information about any given topic. You can get what amounts to a personalized Master's of Healthcare Administration curriculum if you follow the episode threads long enough. And that was a direct quote from a listener. About the acronyms: They are holy terrors, and we in the healthcare industry are chock-full of them. See the list of acronyms that come up so that you can follow along at home if this is your first day at our rodeo. Also in the show notes is a transcript of this show, along with links to all of the mentioned episodes. Okay … here's my conversation with Mark Cuban, who is Mark Cuban and also CEO and founder of Mark Cuban Cost Plus Drugs. Also, we have Cora Opsahl, who is health fund director of the 32BJ Health Fund and an expert in many things healthcare. Also mentioned in this episode are Shane Cerone; Ann Kempski; Mark Cuban Cost Plus Drugs; 32BJ Health Fund; Preston Alexander; Stanley Schwartz, MD; Elizabeth Mitchell; Kimberly Carleson; Andreas Mang; Jonathan Baran; Claire Brockbank; Dave Chase; Cristin Dickerson, MD; Green Imaging; Kevin Lyons; and Vivian Ho, PhD.   You can learn more at markcubancompanies.com and costplusdrugs.com and follow Mark on LinkedIn, Bluesky, Threads, and X. You can follow Cora on LinkedIn.   Mark Cuban, a native of Pittsburgh, PA; a graduate of Indiana University; and now a Dallas, TX, resident, has always been an entrepreneur. From selling and trading baseball cards, selling garbage bags and magazines door-to-door, to starting a business buying and selling stamps at age 16, there have been few years in his life when he wasn't starting or running a business. He got a job at one of Dallas's first retail software stores, Your Business Software. He spent nine months doing everything from learning how to code, supporting and installing every type of business software, and of course, making sure the store opened on time. That went well until he made the executive decision to turn over the store opening duties to a peer so he could pick up a check for a sale. He was fired. Mark decided it was time to start on his own. The next day, MicroSolutions was founded. Over the next seven years, MicroSolutions became a national leader in Systems Integration and custom applications for local and wide area networks. Growing to 80 employees, never having a losing month of operations and nearly $36M in annualized sales, in 1990, MicroSolutions was sold to CompuServe. At that point Mark “retired” to investing in public and private companies. His knowledge of the networking industry led to success and brought returns of 80% and more each year. Mark purchased the Dallas Mavericks for $285M. The Mavs would have the second-best record in the NBA during his ownership tenure. Mark sold majority control of the Mavs in 2023 but continues to be actively involved with the team. He first appeared as a “Shark” on ABC's Emmy Award–winning hit business show Shark Tank in 2011 and quickly established himself as one of the most popular and tough Sharks, investing millions of dollars in hundreds of small businesses. He's been nominated nine times for an Emmy for Shark Tank. His last appearance on the program was during season 16 in May 2025. In 2019, Mark co-founded costplusdrugs.com. Its launch on January 19, 2022, with transparent pricing and a limited markup, has fundamentally changed the pricing of medications in the United States. Cora Opsahl is the director of the 32BJ Health Fund, a self-insured Taft-Hartley benefit fund that sets comprehensive design parameters to ensure the 200,000 members and families of SEIU 32BJ have easy and sustained access to affordable, high-quality healthcare. Cora has prioritized a data-driven approach, focusing on reducing trend, solving the affordability challenge on behalf of union members, and, most important, keeping members at the center of every decision. Under her leadership, the 32BJ Health Fund has saved more than $35 million annually—which it has reinvested in new and better benefits, including the first fertility benefit for members—by removing NewYork-Presbyterian hospitals and physicians from its network, transitioning to a new pharmacy vendor and pharmacy group purchasing coalition, and establishing an expanded Centers of Excellence program. In 2024, Cora conducted an innovative medical request for proposal, stipulating that all finalists have a signature-ready contract drafted by the 32BJ Health Fund prior to award. As a result, the Fund negotiated an agreement that brought unprecedented visibility and increased accountability to its benefit. In 2025, the Health Fund is focused on direct-contracting opportunities that allow it to carve out key benefits and ensure quality while managing spend. Cora is regarded as an expert in pharmacy benefit management and was recently appointed to the Board of Governors for the National Alliance for Healthcare Purchaser Coalitions and the Purchaser Advisory Council for the National Quality Forum and Joint Commission. She previously worked at Express Scripts, where she held a variety of roles, ranging from Medicare Part D to operations, strategy, and acquisitions. Cora earned an MBA from Saint Louis University.   06:25 What was the original rationale behind high deductibles? 07:38 How high deductibles are creating a class of functionally uninsured people. 09:29 EP482 with Preston Alexander. 10:20 “We're using health insurance as a proxy for healthcare.” —Mark 12:30 How providers are now in the debt collecting business rather than the healthcare business. 12:55 EP486 with Stan Schwartz, MD. 15:16 “We have a fundamental reasonability problem.” —Cora 16:07 EP425 with Marshall Allen. 18:25 Direct contracting versus self-funded employers. 19:27 EP436 with Elizabeth Mitchell. 19:30 EP480 with Kimberly Carleson. 19:33 EP372 with Cora Opsahl. 23:53 Why the current system doesn't allow the accountability that is needed. 24:39 EP452 with Cora Opsahl. 26:34 How direct contracting gives strength back to independent practices that high deductible plans take away. 27:46 Who pays, what's the price, and where does the power lie? 31:24 EP419 with Andreas Mang. 34:45 How it comes down to power and leverage when controlling healthcare costs. 38:13 EP483 (Part 1 and Part 2) with Jonathan Baran. 38:35 Why putting together a network and just buying healthcare—not discounts—is not as difficult as it seems. 40:10 Why we need to stop talking about disruption and start talking about change. 40:56 EP453 with Claire Brockbank. 41:02 EP484 with Dave Chase. 43:07 EP485 with Cristin Dickerson, MD. 44:32 EP487 (Part 1) with Kevin Lyons. 46:34 EP466 with Vivian Ho, PhD. 47:40 Why it's the incentives that are different between American hospitals and hospitals in a single-payer program. 50:25 The main takeaways from the conversation. 51:08 Why you can't fix the problems in healthcare without transparency.   You can learn more at markcubancompanies.com and costplusdrugs.com and follow Mark on LinkedIn, Bluesky, Threads, and X. You can follow Cora on LinkedIn.   @mcuban of @costplusdrugs and Cora Opsahl discuss trust and simplicity in #healthcare on our #healthcarepodcast. #podcast #financialhealth #patientoutcomes #primarycare #digitalhealth #healthcareleadership #healthcaretransformation #healthcareinnovation   Recent past interviews: Click a guest's name for their latest RHV episode! Kevin Lyons (Part 2), Kevin Lyons (Part 1), Dr Stan Schwartz (EP486), Dr Cristin Dickerson, Elizabeth Mitchell (Take Two: EP436), Dave Chase, Jonathan Baran (Part 2), Jonathan Baran (Part 1), Jonathan Baran (Bonus Episode), Dr Stan Schwartz (Summer Shorts), Preston Alexander

In a stunning upset and breaking news, the Supreme Court couldn't find 5 votes among the MAGA 6 to destroy the Federal Reserve's independence just yet, and for now has rejected Trump's efforts to remove Democratic-appointed Lisa Cook from the Fed Board of Governors without due process or proper reason, and will keep her in the job at least until the Court has oral argument and full briefing in January 2026 or beyond. Michael Popok explains how this ruling, although temporary, actually helps her case factually and legally. Magic Spoon: Save $5 OFF your next order when you go to http://magicspoon.com/LEGALAF Visit https://meidasplus.com for more! Learn more about your ad choices. Visit megaphone.fm/adchoices

In the second of a two-part episode, Morgan Stanley's chief economists talk about their near-term U.S. outlook based on tariffs, labor supply and the Fed's response. They also discuss India's path to strong economic growth.Read more insights from Morgan Stanley.----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Yesterday I sat down with my colleagues, Mike Gapen, Chetan Ahya and Jens Eisenschmidt, who cover the U.S., Asia, and Europe respectively. We talked about... Well, we didn't get to the U.S. We talked about Asia. We talked about Europe. Today, we are going to focus on the U.S. and maybe one or two more economies around the world. It's Wednesday, October 1st at 10am in New York. Jens Eisenschmidt: And 4pm in Frankfurt. Chetan Ahya: And 10 pm in Hong Kong. All right, gentlemen. So yesterday we talked a lot about China, the anti-involution policy, and what's going on with deflation there. Talked a little bit about Japan and what the Bank of Japan is doing. We shifted over to Europe and what the ECB is doing there – there were lots of questions about deflation, disinflation, whether or not inflation might actually pick up in Japan. So, [that] was all about soft inflation. Mike, let me put you on the spot here, because things are, well, things are a little bit different in the U.S. when it comes to inflation. A lot of attention on tariffs and whether or not tariffs are going to drive up inflation. Of course, inflation, the United States never got back to the Fed's target after the COVID surge of inflation. So, where do you see inflation going? Is the effect of tariffs – has that fully run its course, or is there still more entrained? How do you see the outlook for inflation in the U.S.? Michael Gapen: Yeah, certainly a key question for the outlook here. So, core PCE inflation is running around 2.9 percent. We think it can get towards 3, maybe a little above 3 by year end. We do not think that the economy has fully absorbed tariffs yet; we think more pass through is coming. The President just announced additional tariffs the other day. We had them factored into our baseline. I think it's fair to say companies are still figuring out exactly how much they can pass through to consumers and when. So, I think the year-on-year rate of inflation will continue to move higher into year end. Hit 3 percent, maybe a little bit above. The key question then is what happens in 2026. Is inflation driven by tariffs transitory – the famous T word; and the year-on-year rate of inflation will come back down? That's what the Fed's forecast thinks; we do as well. But as everyone knows, the Fed has started to ease policy to support the labor market. The economy has performed pretty well, so there's a risk maybe that inflation doesn't come down as much next year. Seth Carpenter: Alright, so tariffs are clearly a key policy variable that can affect inflation. There's also been immigration restriction, to say the least, and what we saw coming out of COVID – when people were reluctant to go back to work, and businesses were reporting lots of shortages of workers – is that in certain services industries, we saw some pressure on prices. So, tariffs mostly affect consumer goods prices. Is there a contribution from immigration restriction onto overall inflation through services? Michael Gapen: I think the answer is yes; and I hesitate there because it's hard to see it in real time. But it is fair to say the average immigrant in the U.S. is younger. They have higher rates of labor force participation. They tend to reside in lower income households. So, they're labor supply heavy in terms of their effect on the economy. And yes, they tend to have larger relative presence in construction and manufacturing. But in terms of numbers, a lot of immigrants work in the service sector, as you note. And services inflation has been to the upside lately, right? So, the surprise has been that goods inflation maybe hasn't been as strong. The pass through from tariffs has been weaker. But in terms of upside surprises in inflation, it's common services and in many cases, non-housing related services. So, I'd say there's maybe some nascent signs that immigration controls may be keeping services prices firmer than thought. But may be hard to tie that directly at the moment. So, it's easier to say I think immigration controls may prevent inflation from coming down as much next year. It's not altogether clear how much they're pushing services inflation up. I think there's some evidence to support that, and we'll have to see whether that continues. Seth Carpenter: Alright, so we're seeing higher costs and higher prices from tariffs. We're seeing less labor supply when it comes to immigration. Those seem like a recipe for a big slowdown in growth, and I think that's been your forecast for quite some time – is that the U.S. was going to slow down a lot. Are we seeing that in the data? Is the U.S. economy slowing down or is everything just fine? How are you thinking about it? And what's the evidence that there's a slowdown and what are maybe the counterarguments that there's not that much of a slowdown? Michael Gapen: Well, I think that the data doesn't support much of a slowdown. So yes, the economy did moderate in the first half of the year. I think the smart thing to do is average through Q1 and Q2 outcomes [be]cause there was a lot of volatility in trade and inventories. If you do that, the economy grew at about a 1.8 percent annualized rate in the first half of the year, down from about 2.5 percent last year. So, some moderation there, but not a lot. We would argue that that probably isn't a tariff story. We would've expected tariffs and immigration policies to have greater downward pressure on growth in the second half of the year. But to your question, incoming data in the third quarter has been really strong, and we're tracking growth somewhere around 3 percent right now.So, there's not a lot of evidence in hand at present that tariffs are putting significant downward pressure on growth. Seth Carpenter: So those growth numbers that you cite are on spending, which is normally the way we calculate things like GDP, consumption spending. But the labor market, I mean, non-farm payroll reports really have been quite weak. How do you reconcile that intellectual tension on the one hand spending holding up? On the other hand, that job creation [is] pretty, pretty weak. Michael Gapen: Yeah. I think the way that we would reconcile it is when we look at the data for the non-financial corporate sector, what appears to be clear is that non-labor costs have risen and tariffs would reside in that. And the data does show that what would be called unit non-labor costs. So, the cost per unit of output attributable to everything other than labor that rose a lot. What corporates apparently did was they reduced labor costs. And they absorbed some of it in lower profitability. What they didn't do was push price a lot. We'll see how long this tension can go on. It may be that corporates are in the early stages of passing through inflation, so we will see more inflation further out in a slowdown in spending. Or it may be that corporates are deciding that they will bear most of the burden of the tariffs, and cost control and efficiencies will be the order of the day. And maybe the Fed is right to be worried about downside risk to employment. So, I reconcile it that way. I think corporates have absorbed most of the tariff shock to date, and we're still in the early stages of seeing whether or not they will be able to pass it along to consumers. Seth Carpenter: All right, so then let's think about the Fed, the central bank. Yesterday, I talked to Chetan about the Bank of Japan. There reflation is real. Talked to Jens yesterday about the ECB where inflation has come down. So, those other developed market economies, the prescriptions for monetary policy are pretty straightforward. The Fed, on the other hand, they're in a bit of a bind in that regard. What do you think the Fed is trying to achieve here? How would you describe their strategy? Michael Gapen: I would describe their strategy as a recalibration, which is, I think, you know, technical monetary policy jargon for – where their policy stance is now; is not correct to balance risks to the economy. Earlier this year, the Fed thought that the primary risk was to persistent inflation. Boy, the effective tariff rate was rising quickly and that should pass due to inflation. We should be worried about upside risk to inflation. And then employment decelerated rapidly and has stayed low now for four consecutive months. Yes, labor supply has come down, but there's also a lot of evidence that labor demand has come down. So, I think what the Fed is saying is the balance of risks have become more balanced. They need to worry about inflation, but now they also need to worry about the labor market. So having a restrictive policy stance in their mind doesn't make sense. The Fed's not arguing – we need to get below neutral. We need to get easy. They're just saying we probably need to move in the direction of neutral. That will allow us to respond better if inflation stays firm or the labor market weakens. So, a recalibration meaning, you know, we think two more rate cuts into year end get a little bit closer to neutral, and that puts them in a better spot to respond to the evolving economic conditions. Seth Carpenter: All right. That makes a lot of sense. We can't end a conversation this year about the Fed, though, without touching on the fact that the White House has been putting a lot of pressure on the Federal Reserve trying to get Chair Powell and his committee to push interest rates substantially lower than where they are now. Michael Gapen: You've noticed? Seth Carpenter: I've noticed. From my understanding, a lot of people in markets have noticed as well. There's been some turnover among policy makers. We have a new member of the Board of Governors of the Fed. This discussion about Federal Reserve independence. How do you think about it? Is Chair Powell changing policy based on political pressure? Michael Gapen: I don't think so. I think there's enough evidence in the labor market data to support the Fed's shift in stance. We have certainly highlighted immigration controls, what they would mean for the labor force. And how that means even a slowing, growing economy could keep the unemployment rate low. But it's also fair to say labor demand has come down. If labor demand were still very strong, you might see job openings higher, you might see vacancies higher. You may even see faster wage growth. So, I think the Fed's right to look at the labor market and say, ‘Okay, on the surface, it looks like a no hire, no fire labor market. We can live with that, but there are some layoffs underneath. There are signs of weakness. Slack is getting created slowly.' So, I think the Fed has solid ground to stand on in terms of shifting their view. But you're right, that looking forward into 2026 with the end of Powell's term as chair and likely turnover in other areas of the board. Whether the Fed maintains a conventional reaction function or one that's perhaps more politically driven remains an open question – and I think is a risk for investors. Seth Carpenter: I want to change things up a lot here. Chetan, yesterday you and I talked about China. We talked about Japan. Two really big economies that I think are well known to investors.Another economy in Asia that you cover is India. For a long time, we have said India was going to be the fastest growing major economy in the world. Do you still see it to be the case? That India's got a really bright growth outlook? And in the current circumstance with tariffs going on, how do you think India is fairing vis-a-vis U.S. tariffs? Chetan Ahya: So yes, Seth, we are still optimistic about India's growth outlook. Having said that, you know, there are two issues that the economy has been going through. Number one is that the domestic demand had slowed down because of previous tightening of fiscal and monetary policies. And at the same time, we have now seen this trade tensions, which will slow global trade. But also, directly India will be affected by the fact that the U.S. has imposed 50 percent tariff on close to 60 percent of India's exports to the U.S. So, both these issues are affecting the outlook in the near term. We still don't have clarity on what happens on trade tensions, but what we have seen is that the government has really worked quite hard to get the economy going from domestic demand perspective. And so, they have taken up three sets of policy actions. They have reduced household income tax. The central bank has cut interest rates because inflation has been in control. And at the same time, they have now just recently announced reduction in Goods and Services Tax, which is akin to like consumption tax. And so, these three policy actions together we think will drive domestic demand growth from the fourth quarter of this year itself. It will still be not back up to strong growth levels. And for that we still need that solution to trade policy uncertainty. But I think there will be a significant recovery coming up in the next few months. Seth Carpenter: All right. Thanks for that, Chetan. It's such an interesting story going on there in India. Well, Michael, Chetan, thank the three of you for joining me today in this conversation. And to the listeners, thank you for listening. If you enjoy this show, please leave us a review wherever you listen and share Thoughts on the Market with a friend or a colleague today.

Lt. Col. Robert Maginnis, a retired U.S. Army officer and an experienced military analyst with on-the-ground experience inside Russia and Ukraine and the author of "Preparing for World War III"Topic: Pete Hegseth's generals meeting, "'Welcome to the War Department' — The Reckoning Begins" (op ed) Angelo Vivolo, Former Chairman of the Board and current Board of Governors' member of the Columbus Citizens FoundationTopic: Italian American Heritage Month Stephen Moore, "Joe Piscopo Show" Resident Scholar of Economics, Chairman of FreedomWorks Task Force on Economic Revival, former Trump economic adviser and the author of "The Trump Economic Miracle: And the Plan to Unleash Prosperity Again"Topic: Government shutdown and the impact it will have on our economy Dinesh D'Souza, Author, Filmmaker, and host of "The Dinesh D'Souza Podcast"Topic: His new documentary- "The Dragon's Prophecy" Congresswoman Nicole Malliotakis, Representative for New York's 11th Congressional DistrictTopic: Government shutdown, Mayoral race Corey Lewandowski, Trump 2024 Senior OfficialTopic: Latest from the Trump administration, government shutdown Michael Goodwin, Chief Political Columnist for the New York PostTopic: "Adams mulls endorsing Cuomo or Sliwa as he puts all energy into defeating Zohran Mamdani" (New York Post op ed)See omnystudio.com/listener for privacy information.

Congress has failed to pass a short-term funding bill by the deadline, and the government has shut down. We take a look at how the shutdown may affect you.The Supreme Court issued an order on Wednesday indicating that it would hear oral argument over Federal Reserve Board of Governors member Lisa Cook's challenge to President Donald Trump's attempt to fire her. “The application for stay presented to The Chief Justice and by him referred to the Court is deferred pending oral argument in January 2026,” an order from the court reads.

A presidential search committee at the University of South Florida just named Dr. Moez Limayem as the only finalist for the job. The Board of Trustees and State University Board of Governors will vote on his nomination. He's been president at the University of North Florida in Jacksonville since 2022. Before that he spent ten years as Dean of the Muma College of Business at USF. We're reposting an interview with Dr. Limayem from 2021, in which he spoke about a course offered by the College of Business at USF to promote what's now referred to as DEI. (This was two years before Governor DeSantis signed a bill outlawing DEI at state universities in 2023.) See omnystudio.com/listener for privacy information.

On this episode of the Chuck ToddCast, veteran journalist for The Economist, James Bennet joins Chuck to break down Donald Trump's scathing U.N. speech and what it reveals about his worldview: not isolationist, but relentlessly self-centered, with his personal interest framed as national interest. Bennet warns that Trump's grip on power is existential for him and his administration, and if institutions like the Supreme Court allow unchecked presidential firings, the rule of law itself could unravel. From the Cold War's stabilizing influence to the fractures of today's four-party system crammed into two, Bennet and Chuck explore whether America can navigate its political turmoil without mass violence, and how drone warfare, refugee flows, and the collapse of the international rules-based order are reshaping global politics.The conversation also turns inward, examining how journalism has struggled to adapt in the Trump era. Bennet reflects on writing for international audiences, the dangers of catering to niche media bubbles, and why legacy outlets must rediscover local reporting. He argues that deplatforming Trump was a massive mistake that accelerated the collapse of resistance, while public pressure against platforming controversial voices continues to erode open debate. From Biden's misunderstood mandate to the Senate's paralysis and the rise of cult-of-personality politics, this episode considers what reforms will be necessary both in government and in journalism.Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win!Timeline:(Timestamps may vary based on advertisements)00:00 James Bennet joins the Chuck ToddCast01:30 Trump scolds other nations in scathing U.N. speech02:30 Trump behaved like Hugo Chavez in U.N. speech03:45 Trump is not an isolationist, but it's all centered around him04:30 Trump sees his interest as the national interest06:15 How alarmed should we be?07:15 Things have gotten pretty dark in the past two weeks08:00 Staying in power is existential for Trump & his administration09:30 If you lose the rule of law, you lose the country10:15 If SCOTUS allows fed firing, there's no going back11:00 John Roberts desperate to avoid constitutional showdown12:30 Government will require major reform after Trump15:00 The cold war was a stabilizing force in American politics17:00 America is a four party system crammed into two parties19:00 Public sentiment has been pessimistic the entire 21st century20:45 Can we get through this without mass violence?22:30 It's hard to imagine a productive modern constitutional convention24:00 The last “protectionist race” led to a world war25:15 We're no longer living in the international rules based order26:30 Drones are massively changing the dynamics of warfare28:00 Refugee flows are causing political instability worldwide28:30 Trump has no interest in leading internationally30:00 Trump is constantly campaigning and only for his base32:00 Did we export our politics to Israel, or the other way around?33:45 Only Obama had a majority of the vote in the 21st century34:45 Governors are the only politicians that campaign beyond their base37:00 Biden misunderstood his 2020 mandate and overreached38:30 Who is the Economist reader?40:30 Writing about American politics for an international audience42:30 If you had more resources, what would you focus on covering?43:30 Legacy media needs to give more attention beyond D.C. and NYC45:00 Need to find a new model in order to bring back local journalism47:45 There's too many journalists in D.C. and not enough in America49:30 Journalism now caters to niche audiences51:15 Deplatforming Trump was a massive mistake52:00 Once ABC caved in lawsuit, resistance to Trump collapsed54:00 Public pressures journalists to not platform people they disagree with55:00 Michael Bennet was consensus candidate to replace Schumer56:45 Nothing gets done in the senate, many senators leaving1:00:15 In the TV era, successful presidents have had cults of personality1:01:15 Newsom having success emulating Trump's style Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this episode of the Chuck ToddCast, Chuck looks at new polling showing just how unsettled Americans feel heading into yet another potential government shutdown. With 93% of the country agreeing that political violence is a problem and a majority believing we're in a full-blown political crisis, partisanship has hardened to the point where disagreement itself is seen as betrayal. Chuck traces how government shutdowns—once unheard of before 1980—became a recurring political weapon, thanks to Justice Department rulings, congressional maneuvering, and laws that reduced the political pain by exempting things like military pay and Social Security. The result: contractors left stranded, bipartisanship all but eliminated, and a system designed to fail.Then, veteran journalist for The Economist, James Bennet joins Chuck to break down Donald Trump's scathing U.N. speech and what it reveals about his worldview: not isolationist, but relentlessly self-centered, with his personal interest framed as national interest. Bennet warns that Trump's grip on power is existential for him and his administration, and if institutions like the Supreme Court allow unchecked presidential firings, the rule of law itself could unravel. From the Cold War's stabilizing influence to the fractures of today's four-party system crammed into two, Bennet and Chuck explore whether America can navigate its political turmoil without mass violence, and how drone warfare, refugee flows, and the collapse of the international rules-based order are reshaping global politics.The conversation also turns inward, examining how journalism has struggled to adapt in the Trump era. Bennet reflects on writing for international audiences, the dangers of catering to niche media bubbles, and why legacy outlets must rediscover local reporting. He argues that deplatforming Trump was a massive mistake that accelerated the collapse of resistance, while public pressure against platforming controversial voices continues to erode open debate. From Biden's misunderstood mandate to the Senate's paralysis and the rise of cult-of-personality politics, this episode considers what reforms will be necessary both in government and in journalism.Finally, Chuck takes a trip in the ToddCast Time Machine to 1974, when congress gave the Freedom of Information Act teeth, plus answers listeners' questions in the “Ask Chuck” segment.Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win!Timeline:(Timestamps may vary based on advertisements)00:00 Introduction 06:00 New polling out leading into potential government shutdown07:00 93% of the country believe political violence is a problem08:00 Majority of the country believes we're in a “political crisis”09:00 Democrats less likely to talk politics across the aisle10:30 Partisans believe you're on “the other side'' if you don't agree with them12:45 People need to feel secure in having political debate14:00 Independent voters are disenfranchised relative to D & R voters16:15 Before 1980 America never had a government shutdown17:30 Two Justice Department opinions created the legal basis for shutdowns20:00 Government shutdown threats are now an annual occurrence21:15 Two laws passed to make political cost of a shutdown less painful22:45 Exemptions for military pay and social security make shutdowns easier23:45 Proposals for automatic government funding haven't passed26:15 Government contractors can't work under shutdowns or CR's27:30 Politicians deliberately created the conditions that lead to shutdowns28:45 Congressional leadership wanted to create artificial leverage30:00 The incentive structures for bipartisan compromise are gone32:30 Congress had the power to deal with shutdowns and didn't35:00 James Bennet joins the Chuck ToddCast 36:30 Trump scolds other nations in scathing U.N. speech 37:30 Trump behaved like Hugo Chavez in U.N. speech 38:45 Trump is not an isolationist, but it's all centered around him 39:30 Trump sees his interest as the national interest 41:15 How alarmed should we be? 42:15 Things have gotten pretty dark in the past two weeks 43:00 Staying in power is existential for Trump & his administration 44:30 If you lose the rule of law, you lose the country 45:15 If SCOTUS allows fed firing, there's no going back 46:00 John Roberts desperate to avoid constitutional showdown 47:30 Government will require major reform after Trump 50:00 The cold war was a stabilizing force in American politics 52:00 America is a four party system crammed into two parties 54:00 Public sentiment has been pessimistic the entire 21st century 55:45 Can we get through this without mass violence? 57:30 It's hard to imagine a productive modern constitutional convention 59:00 The last "protectionist race" led to a world war 1:00:15 We're no longer living in the international rules based order 1:01:30 Drones are massively changing the dynamics of warfare 1:03:00 Refugee flows are causing political instability worldwide 1:03:30 Trump has no interest in leading internationally 1:05:00 Trump is constantly campaigning and only for his base 1:07:00 Did we export our politics to Israel, or the other way around? 1:08:45 Only Obama had a majority of the vote in the 21st century 1:09:45 Governors are the only politicians that campaign beyond their base 1:12:00 Biden misunderstood his 2020 mandate and overreached 1:13:30 Who is the Economist reader? 1:15:30 Writing about American politics for an international audience 1:17:30 If you had more resources, what would you focus on covering? 1:18:30 Legacy media needs to give more attention beyond D.C. and NYC 1:20:00 Need to find a new model in order to bring back local journalism 1:22:45 There's too many journalists in D.C. and not enough in America 1:24:30 Journalism now caters to niche audiences 1:26:15 Deplatforming Trump was a massive mistake 1:27:00 Once ABC caved in lawsuit, resistance to Trump collapsed 1:29:00 Public pressures journalists to not platform people they disagree with 1:30:00 Michael Bennet was consensus candidate to replace Schumer 1:31:45 Nothing gets done in the senate, many senators leaving 1:35:15 In the TV era, successful presidents have had cults of personality 1:36:15 Newsom having success emulating Trump's style1:39:00 The ToddCast Time Machine 1:39:30 October 5th, 1974 Congress put teeth in the Freedom of Information Act 1:41:00 Cheney and Rumsfeld argued transparency would hurt national security 1:41:30 Lawmakers overruled the presidential veto 1:43:30 Florida has some of the strongest government transparency laws 1:44:15 Multiple states created their own transparency laws after FOIA 1:45:30 Pentagon demanded restrictions on journalists, no outlets agree 1:47:30 We can't have a democracy without transparency 1:50:15 When your party is out of power you're more likely to believe nonsense 1:51:30 Ask Chuck 1:51:45 Parallels between LDS church in UT & OK nearly becoming a black state? 1:54:30 Chances the Republican gerrymanders backfire? 1:59:15 How can Americans abroad stay civically engaged and bring about change? 2:04:15 Where do you get your optimism from in this political climate? Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

GOP Strategist Terry Schilling looks at the latest political news including two Governors' races that could decide the '26 midterms

 Stephen Miran, one of President Donald Trump's top economic advisers, was narrowly confirmed by the Senate to serve on the Federal Reserve's Board of Governors, just hours before the Fed's two-day monetary policy meeting began. Trump's pick The Senate voted 48-47 to approve Miran's appointment, with Sen. Lisa Murkowski of Alaska as the lone Republican […]Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Republican Steve Hilton and Former L.A. Mayor Antonio Villaraigosa (a Democrat) were both in Fresno campaigning. Hilton proposed eliminating California state taxes on the first $100,000 of income. Please Like, Comment and Follow 'Broeske & Musson' on all platforms: --- The ‘Broeske & Musson Podcast’ is available on the KMJNOW app, Apple Podcasts, Spotify or wherever else you listen to podcasts. --- ‘Broeske & Musson' Weekdays 9-11 AM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Facebook | Podcast| X | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.

 Stephen Miran, one of President Donald Trump's top economic advisers, was narrowly confirmed by the Senate to serve on the Federal Reserve's Board of Governors, just hours before the Fed's two-day monetary policy meeting began. Trump's pick The Senate voted 48-47 to approve Miran's appointment, with Sen. Lisa Murkowski of Alaska as the lone Republican […]Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The newest member of the Federal Reserve Board of Governors — close ally of President Donald Trump, Stephen Miran — made his case for more (and larger) interest rate cuts in a speech yesterday at the Economic Club of New York. He argued that the president's policies will push prices down, so the Fed doesn't have to worry that lowering interest rates will spark inflation. Plus, entrepreneurship could suffer following the Trump administration's new $100,000 fee for H-1B visas.

Economist Stephen Miran is now temporarily on the Federal Reserve's Board of Governors. Miran wants steeper rate cuts, arguing that stricter controls at the borders and deportations will free up housing, make it less expensive, and keep a lid on inflation at a time of tariffs. We'll discuss what the data says about his claims. Also: growing threats to undersea data cables and an update on the cyberattack affecting Jaguar and Land Rover production.

The newest member of the Federal Reserve Board of Governors — close ally of President Donald Trump, Stephen Miran — made his case for more (and larger) interest rate cuts in a speech yesterday at the Economic Club of New York. He argued that the president's policies will push prices down, so the Fed doesn't have to worry that lowering interest rates will spark inflation. Plus, entrepreneurship could suffer following the Trump administration's new $100,000 fee for H-1B visas.

Economist Stephen Miran is now temporarily on the Federal Reserve's Board of Governors. Miran wants steeper rate cuts, arguing that stricter controls at the borders and deportations will free up housing, make it less expensive, and keep a lid on inflation at a time of tariffs. We'll discuss what the data says about his claims. Also: growing threats to undersea data cables and an update on the cyberattack affecting Jaguar and Land Rover production.

When the rule of law comes under attack, who speaks up? In Georgia, more than 400 lawyers have come together to form Georgia Lawyers for the Rule of Law — the only statewide group dedicated to defending judges, lawyers, and the integrity of our justice system. In this powerful episode of See You In Court, hosts Robin Frazer Clark and Lester Tate welcome Seth Kirschenbaum and Lynne Borsuk to share: Why they launched this nonpartisan effort How threats against judges and law firms erode confidence in justice What ordinary citizens and lawyers alike can do to protect due process Their message is clear: justice is not partisan — it's the foundation of our democracy.

Something big is happening in Washington right now, and it has the potential to reshape everything you and I do as investors. A few weeks ago, the Trump administration attempted to remove Fed Governor Lisa Cook, only to have an appeals court block the move on legal grounds.  At almost the same time, Stephen Miran—one of Trump's economic advisers—was confirmed by the Senate to the Fed's Board of Governors by a razor-thin margin.  On one side, an attempted subtraction. On the other, a confirmed addition. All of this is happening right before a major policy meeting, and it's not hard to see the writing on the wall. Trump's takeover of the Fed is not a question of if—it's a question of when. Whether it unfolds in a matter of weeks or drags out over the next few months, the direction is set and the outcome is inevitable.  The endgame is to bring interest rates down and, if necessary, use quantitative easing to drive bond yields even lower. That kind of policy would flood the system with liquidity, and the immediate effect would be a booming economy. Asset prices would rip higher—stocks, real estate, gold, Bitcoin—you name it. If you own assets, you'd feel wealthier almost overnight. But of course, there's another side to this coin. A dollar that weakens under the weight of easy money. A gap between the asset-rich and the asset-poor that grows even wider. Rising inequality, rising tensions, and perhaps a long-term cost to the credibility of the U.S. financial system. So is this takeover of the Fed a good thing? That depends entirely on where you sit. If you're a wage earner with no meaningful assets, it's bad news. If you're an investor, it's a reminder that ignoring policy shifts like this is done at your own peril.  The time to prepare is now, not later. Don't wait for rates to drop before acting. History shows that buying assets in a descending rate environment has been one of the most powerful wealth-creation maneuvers in the United States.  Think back to 2008. The Fed responded to the financial crisis with unprecedented rate cuts and waves of quantitative easing. What followed was more than a decade of explosive gains in stocks, real estate, and other assets.  Those who bought while rates were falling built extraordinary wealth. Those who stood on the sidelines missed out. But don't take my word. Listen to noted economist Richard Duncan explain the dynamics of this situation in this week's episode of Wealth Forula Podcast.  Learn more about Richard Duncan: richardduncaneconomics.com

The UNC System Board of Governors discussed a tuition increase up to 3% at its universities. It would be the first increase in the cost of tuition in the system in the last 9 years. WRAL's Monica Casey breaks down how much families could pay.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureTrump is visiting the UK, he just made a deal with Starmer and the UK and the US companies will develop AI for healthcare and other things. The Fed and fake news are trying to convince people that they are fighting Trump. Trump will take full leverage of the Fed to transition the economy. The [DS] player system is being dismantled piece by piece. The [DS] especially Barack Obama is watching his transformation go down the drain. Trump knows the [DS] is going to use Antifa to create riots close to the midterms, that is why he is designating Antifa as a terrorist organization. Trump and team will track down those who fund Antifa, when Antifa pushes the riots Trump will use the insurrection act against the terrorist. Setting the stage.   Economy https://twitter.com/disclosetv/status/1968656861298589804   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/unusual_whales/status/1968509784443015178 Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks     In what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point, tamping down -- at least for now -- concerns over its independence amid President Donald Trump's relentless pressure for steeper cuts and his unprecedented effort to fire a top Fed official.  “They all came together to support what seems to be a very balanced decision,'' he said. The nearly unanimous vote “sends a very strong message that they're not going to bow to the monarch. They're going to do what's appropriate for the economy.'' Source: apnews.com   https://twitter.com/KobeissiLetter/status/1968445200973340761   this year and 1 member thinks the Fed is going to CUT 125 basis points by January. This is, by far, one of the most divided Fed boards in years. Trump Files Emergency Request With Supreme Court to Make Lisa Cook Fired Again  The Trump administration filed an emergency request with the Supreme Court on Thursday to allow it to remove Federal Reserve Governor Lisa Cook from the central bank's board while a lawsuit plays out in lower court over Cook's ouster by President Trump last month. The request comes after a federal appeals court in Washington DC rejected the administration's attempt to remove an order blocking Cook's removal in a 2-1 decision the night before the Fed's meeting earlier this week. “This application involves yet another case of improper judicial interference with the President's removal authority — here, interference with the President's authority to remove members of the Federal Reserve Board of Governors for cause,” wrote the administration's lawyer, Solicitor General John Sauer. Source:  thelibertydaily.com  https://twitter.com/BitcoinMagazine/status/1968626189288755361 Political/Rights https://twitter.com/EndWokeness/status/1968456108596396251 Host/Network Status & Date Primary Reason FCC/Network Rule Broken? Low Ratings? Other Factors

A mini-Epstein-Trump documentary video is projected on Windsor Castle as Trump and Melania arrive for their Royal Visit; Kash Patel is greeted with a Legal AF Video as he's cross examined about Epstein in the House Judiciary Committee; Pam Bondi's law school education is questioned by Justice Sotomayor; Lisa Cook is still on the Federal Reserve Board of Governors and votes on rates as Trump loses again; Dr. Monarez testifies that RFK Jr. effectively ordered her to lie about the anti-vax recommendations of the CDC's board; and Trump sets himself up for a big federal sanction for bad faith failing against The NY Times. Michael Popok and Karen Friedman Agnifilo join forces to brief our audience on these burning issues and so much more on the top rated Legal AF podcast. Support Our Sponsors: Soul: Go to https://GetSoul.com and use code LEGALAF to get 30% OFF your order! Qualia: Head to https://qualialife.com/LEGALAF and use promo code: LEGALAF at checkout for 15% off your purchase! Magic Spoon: Get this exclusive offer when you use promo code LEGALAF at https://MagicSpoon.com/LEGALAF Smalls: Head to https://Smalls.com/LEGALAF and use promo code: LEGALAF at checkout for 50% off your first order PLUS free shipping! Subscribe to Legal AF Substack: https://substack.com/@legalaf Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

Fall is just around the corner, kids are back in school, football has kicked off and your host Paul Rieckhoff (@PaulRieckhoff) is here to continue to tear into the future of independent politics. And American politics. This week, we've got a great conversation with Maine State Senator Rick Bennett, a lifelong Republican and former state party Chair who has recently declared his independence from the GOP and announced a run for Governor.  It's a bold move. And becoming a trend we've been focused on for years uniquely on this show. More and more longtime Democrats and Republicans are declaring their independence. Thousands every single day. And more and more candidates for office at all levels.  This is a fascinating and inspiring conversation spanning a lot of the stuff that you are going to find yourself nodding along to. Bennett speaks to the growing movement of politically homeless Americans, highlighting his mission to offer common-sense solutions and restore civility and kindness to politics. He also discusses Maine's rich history of independent political leadership, from James Longley to Angus King, and explains why he believes the state is a bellwether for the future of American politics. He candidly shares the challenges of running as an independent, from fundraising to infrastructure, and outlines his top policy priorities for Maine, including the housing crisis, rising energy costs, and education reform.  The conversation also touches on an important subject not enough people are thinking about. The very real potential for conflict between state governors and Trump. Bennett affirms his commitment to the people of Maine above all else but this episode is a powerful exploration of "getting-stuff-done". It's the spirit and mindset that defines the independent movement and it's the spirit and mindset we're all going to need to make the change we all know needs to happen. It's the latest conversation in our groundbreaking “Meet the Independents” series following other Independent leaders like Colorado Springs Mayor Yemi Mobolade, independent candidate for Senate from South Dakota Brian Bengs, Independent candidate for Mayor of New York Jim Walden and Chattanooga, Tennessee Mayor Tim Kelly and more. Do yourself a favor and revisit them all. Because every episode of Independent Americans with Paul Rieckhoff (@PaulRieckhoff) breaks down the most important news stories–and offers light to contrast the heat of other politics and news shows. It's independent content for independent Americans. In these trying times especially, Independent Americans is your trusted place for independent news, politics, inspiration and hope. The podcast that helps you stay ahead of the curve–and stay vigilant.  -WATCH video of Paul and Rick's conversation. -Learn more about Independent Veterans of America and all of the IVA candidates.  -Join the movement. Hook into our exclusive Patreon community of Independent Americans. Get extra content, connect with guests, meet other Independent Americans, attend events, get merch discounts, and support this show that speaks truth to power.  -Check the hashtag #LookForTheHelpers. And share yours.  -Find us on social media or www.IndependentAmericans.us. And get cool IA and Righteous hats, t-shirts and other merch.  -Check out other Righteous podcasts like The Firefighters Podcast with Rob Serra, Uncle Montel - The OG of Weed and B Dorm.  Independent Americans is powered by veteran-owned and led Righteous Media. Learn more about your ad choices. Visit megaphone.fm/adchoices

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureRetail sales are rising, now that the Fed has cut rates by 25bps this will push the economy forward and the forth quarter will start to move in the direction Trump wants it to move in. Is this the rate cut Trump wants, know, remember the jobs numbers are fake and Powell is too late. Trump has setup the reset the way he wants it, revaluation of gold. The [DS] is getting prepared to bring us to war. Trump is trying to stop it and there is a report that the [DS] is preparing a [FF] in Moldova to push the war forward. Trump and team knows the playbook and this will be used against the [DS]. Reports are now coming out that Soros has been funding domestic terrorists in this country. We know that antifa will be used later on to shutdown voting. Once again playbook known.   Economy Retail Sales Rose More Than Expected in August   Retail sales rose 0.6% in August from July, the Commerce Department said Tuesday. That was higher than the 0.3% increase that economists polled by The Wall Street Journal had expected. The number was also up a revised 0.6% in the previous month. Source: wsj.com (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/JoeLang51440671/status/1968155966492291567   has confirmed Stephen Miran, President Donald Trump's pick to join the Federal Reserve Board of Governors. Miran will participate in the Fed policy committee's upcoming meeting, where the board will consider whether to cut interest rates.” “Miran will also keep his White House position at the helm of the Council of Economic Advisors, but will take an unpaid leave to serve on the central bank board.” https://cnbc.com/2025/09/15/trump-stephen-miran-federal-reserve-interest-rates.html Timing a coincidence? Trump got him confirmed right before this huge FED meeting on rate cuts, that he will participate in by voting. Do you think he will vote to cut rates, like Trump has been advocating for? No doubt about it. Is that the only reason that Trump nominated him? Of course not. Did you catch that Miran is going to KEEP his position as HEAD of the White House Council of Economic Advisors? Why? Controlled demolition. Do you know Stephen Miran's background and why he is so important? Do you know why the enemy FEARS Stephen Miran? “Stephen Miran's appointment to the Federal Reserve isn't just another personnel move—it's the placement of Trump's Reset architect inside the very institution that will help carry out America's most ambitious economic overhaul in generations.” Trump's personal “RESET ARCHITECT” is now working within the FED that Trump is dismantling. Controlled Demolition. “Without getting into the weeds, Miran, the mastermind behind what's been dubbed the “Mar-a-Lago Accord,” outlined a comprehensive plan to flip the U.S. dollar's reserve status from a burden into a bargaining chip. To turn America's towering debt from an embarrassment into leverage. And to reorient the entire global economic structure in Washington's favor.” Miran is the “architect” of the “Mar A Lago Accord.” This plan, will no longer FORCE the world into more debt by propping up the “fiat” dollar. The “entire” global financial system is going to be transformed.

00:00 Intro01:24 Trump: Deal Struck With China on Tiktok03:38 Trade Deals, Royal Pageantry for Trump's Second State Visit05:21 Kirk Shooting Triggers Security Review for Trump Trips07:13 Suspect Charged With Murder, Could Face Death Penalty10:23 FBI Probes Online Posts With Possible Links to Kirk Murder11:23 Scalise: We All Need to Do Better W/ Political Rhetoric13:00 U.S. Pushes Back on China's Global Port Control15:27 China's New Law Targeting People Around the World17:13 Chinese Working at Foreign Embassies Closely Watched17:54 Fed Expected to Cut Interest Rates18:32 Senate Confirms Stephen Miran to Fed Board of Governors

Would our troops be used to quell demonstrations in the United States with force? Seeing crowds in Washington, D.C., during the George Floyd riots in 2020, Trump is reported to have asked "Can't we just shoot them?"  How do we answer the question as to whether the current administration will have U.S. troops fire on the crowds? We will look at the Constitution, especially the 10th Amendment, the Insurrection Act of 1807, and the Posse Comitatus Act of 1878. We will review some history where the military has been used domestically to safeguard civil rights marchers, intervene when requested by governors during violent riots, to stop the Bonus March on Washington in 1932, and to imprison Japanese civilians during World War II. We will also define who is in today's military, where do they come from, how do they line up politically—and would they follow an illegal order and fire on unarmed civilian demonstrators or support a government coup? This is concerning, says Dr. Michael Baker, given the militarization of ICE agents and the deployment of National Guard troops and the Marines to Los Angeles for specious reasons. About the Speaker Dr. Michael Baker recently retired from a 40-year career in general, vascular and trauma surgery. He also served 30 years in the uniform of his country and retired with the rank of Rear Admiral and has numerous kudos, including 3 Legion of Merit Awards, the Combat Action Ribbon, and River and Coastal Patrol Officer-in-Charge warfare pin. He has experience in strategic planning, wargaming, combat casualty care, triage, operational medicine, and response to complex disasters and humanitarian emergencies. He currently teaches history, political science, and military affairs for the Osher LifeLong Learning (OLLI) Programs at UC Berkeley, Dominican University, Cal State University East Bay and Cal State Channel Islands; and he is on the Board of Governors of the newly combined Commonwealth Club World Affairs. He teaches Advanced Trauma Life Support (ATLS) to physicians in the United States, at military bases around the world, and most recently returned from his 5th tour in Ukraine teaching ATLS to physicians in that war-torn nation. He has published more than 100 articles in peer reviewed journals. A Humanities Member-led Forum program. Forums at the Club are organized and run by volunteer programmers who are members of The Commonwealth Club, and they cover a diverse range of topics. Learn more about our Forums. In association with the East Bay Chapter. Organizer: Michael Baker  Learn more about your ad choices. Visit megaphone.fm/adchoices

Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 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:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   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?    Keith Weinhold  21:13   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. 266, 866, to learn about freedom family investments, liquidity fund again. Text family. 266, 866,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   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. 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.   Speaker 1  47:40   You 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 paywalls 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 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 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

The media obsesses over whether Powell should cut rates, but they're missing the bigger story entirely…Since 2022, the Federal Reserve has fundamentally lost its ability to control long-term interest rates - and that might be the best thing to happen to American monetary policy in decades.Joe Withrow from the Phoenician League returns to break down the most important financial shift you've never heard of: the transition from LIBOR to SOFR. While everyone argues about Fed policy, a quiet revolution has returned actual market forces to interest rate setting. The days of European banks manipulating global rates through sealed envelope submissions are over, replaced by real transactions from real institutions with real obligations.This episode examines the mechanics of interest rates, repo markets, and why Trump's demands for rate cuts might not matter as much as everyone thinks. From the $9 trillion debt rollover crisis to the geopolitical implications of monetary independence, Hans and Joe connect the dots between outdated financial instruments and your personal investment strategy.Chapters:00:00 - Intro04:05 - The five pillars and financial security foundation07:30 - Interest rates overview and Fed manipulation myths11:15 - LIBOR vs SOFR transition and why it matters14:45 - Setting aside preferences for objective analysis17:45 - Central bank money vs commercial bank money explained19:05 - LIBOR calculation method exposed22:25 - The shocking truth about rate manipulation25:45 - Ben Bernanke's "globally coordinated monetary policy"28:20 - COVID awakening and financial system skepticism29:20 - Fed funds rate mechanics and overnight lending31:10 - The $9 trillion debt rollover crisis32:20 - Powell vs Yellen: American vs globalist monetary policy35:10 - Balance sheet reduction and QE reversal36:30 - SOFR liberation from European bank control39:10 - World Economic Forum and "own nothing, be happy"40:25 - Immigration and cultural hierarchy discussion42:25 - SOFR based on actual market transactions44:30 - Repo market mechanics explained47:40 - Market forces vs manipulation in rate setting48:20 - Baseball card analogy for repo transactions52:00 - 10-year treasury as global risk-free rate53:30 - Market forces returning to long-term rates54:40 - Powell's rate cuts and opposite market reaction57:25 - Stephen Moran appointment and dollar devaluation strategy59:30 - Manufacturing reshoring and central planning concerns01:01:15 - Federal Reserve independence vs political control01:03:25 - Board of Governors structure and 14-year terms01:04:55 - Rate policy and asset price manipulation01:07:10 - Phoenician League membership and strategy sessions01:11:15 - Low stress trading strategy integration01:15:50 - Closing thoughts and next stepsKey Takeaways:- LIBOR was manipulated by 17 banks submitting sealed envelope "guesses" with no binding obligations- SOFR is based on actual overnight lending transactions between real institutions- This shift has fundamentally severed the Fed's control over long-term interest rates- Powell's 1% rate cut in 2024 caused long-term rates to go UP, proving the new dynamic- Fed only controls short-term rates (up to 2 years) through the Fed funds rate- Traditional "refinance when rates drop" assumptions no longer reliableGot Questions? Reach out to us at info@remnantfinance.com or book a call at https://remnantfinance.com/calendar!Visit https://remnantfinance.com for more informationLow Stress Trading: https://remnantfinance.com/optionsPhoenician League: membership.phoenicianleague.comFOLLOW REMNANT FINANCEYoutube: @RemnantFinance (https://www.youtube.com/@RemnantFinance)Facebook: @remnantfinance (https://www.facebook.com/profile?id=61560694316588)Twitter: @remnantfinance (https://x.com/remnantfinance)TikTok: @RemnantFinanceDon't forget to hit LIKE and SUBSCRIBE

Brian Windhorst is joined by ESPN's Tim Bontemps and Tim MacMahon to react to some major headlines from the NBA Board of Governors meeting including All-Star Game changes, the cost of watching the games on NBA fans, Silver's highlight quote and much more. Plus, the guys talk the latest on the Kawhi situation with the Clippers before reacting to Giddey's deal with the Bulls. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bizable https://GoBizable.comUntie your business exposure from your personal exposure with BiZABLE.  Schedule your FREE consultation at GoBizAble.com today. Renue Healthcare https://Renue.Healthcare/ToddYour journey to a better life starts at Renue Healthcare. Visit https://Renue.Healthcare/Todd Bulwark Capital https://KnowYourRiskPodcast.comBe confident in your portfolio with Bulwark! Schedule your free Know Your Risk Portfolio review. Go to KnowYourRiskPodcast.com today. Alan's Soaps https://www.AlansArtisanSoaps.comUse coupon code TODD to save an additional 10% off the bundle price.Bonefrog https://BonefrogCoffee.com/toddThe new GOLDEN AGE is here!  Use code TODD at checkout to receive 10% off your first purchase and 15% on subscriptions.LISTEN and SUBSCRIBE at:The Todd Herman Show - Podcast - Apple PodcastsThe Todd Herman Show | Podcast on SpotifyWATCH and SUBSCRIBE at: Todd Herman - The Todd Herman Show - YouTubeZach Abraham joins to talk about how Trump is going after the Federal Reserve's board of Governors, housing affordability, and more.

On this episode of Good Word with Goodwill, Vincent Goodwill and Amin Elhassan react to Kawhi Leonard's alleged no-show job and Adam Silver's role if the alleged reports are true.Next, Vince and Amin take a look at one major rule change that came from the Board of Governors meetings and how Silver calling the NBA a “highlight-based' sport was a misstep by the commissioner.Later, Vince and Amin take a look at Ben Simmons' career and dissect where it went wrong and if there's any hope for it to be resurrected.(1:59) Pablo Torre's new report sheds more light on Kawhi controversy(8:47) What is Adam Silver's role in the Kawhi drama?(28:35) How should Adam Silver penalize the Clippers if the reports are true?(36:30) Adam Silver's “highlight-based” sport comment doesn't land well(45:29) Half-court heaves will not count against individual player FG percentage(54:13) Ben Simmons' disappointing career

Anthony reacts to Slovenia getting knocked out of Eurobasket by Germany and the improvements he saw from Luka Doncic that would tangibly help the Lakers. Then, he segues to Adam Silver's press conference at the NBA's Board of Governors meeting that, well, could have gone better. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

What's behind Donald Trump's ongoing battle with the Federal Reserve? That's the question on some analysts minds as the White House proposes staff shakeups at the historically independent central bank.Trump has been attempting to fire Federal Reserve Governor Lisa Cook since Aug. 25. Cook was nominated by Joe Biden and confirmed by the Senate in 2022.The administration is attempting to fire her based on allegations that she committed mortgage fraud before joining the Fed – that's despite the fact that she hasn't been convicted or charged with any crime.On Tuesday night, a federal judge temporarily blocked the president from removing Cook from the Federal Reserve's Board of Governors. She'll continue to serve as she contests her dismissal.The Fed has operated independently since its inception more than a century ago. How do the Trump administration's proposed changes threaten that independence? And what effect could changes at the Fed have on the U.S. economy?Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Erica Wheeler confirms there will be a Storm rolling through the playoffs!....Coming up on NBA Today, the great 8 is set.... but the seedings? Still up for grabs We get you ready for the final 2 nights of the W season...Her resume is longer than a CVS receipt. 7-time all star, 3-time MVP, and WNBA scoring leader A'Ja Wilson is stopping by! How's she feeling about her Aces? ) And we are waiting on the commissioner, Adam Silver to speak any moment... the Board of Governors meeting is in progress - there will be lots of questions on the Clippers, Kawhi Leonard and lots more... All around the world, Philly is spreading the word... Joel Embiid is back practicing.. Is this a sign the former MVP is returning to old form? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Health and Human Services Secretary Robert F. Kennedy Jr. will testify in the Senate today following a week of upheaval at the Centers for Disease Control and Prevention. A Senate committee holds a hearing on President Trump's nominee to fill a vacant seat on the Federal Reserve Board of Governors. And, a federal judge in Boston has handed Harvard University a win, ruling the Trump administration unlawfully froze billions of dollars in research funds. Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Diane Webber, Rafael Nam, Lauren Migaki, Lisa Thomson and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Neisha Heinis. And our technical director is Carleigh Strange.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

The Federal Reserve Board of Governors has gotten a lot of attention lately — President Trump is attempting to remove one member and has nominated another. But there's more under the central bank umbrella than president-appointed officials. In this episode, we break down why regional Fed banks and Fed presidents matter. Plus: The latest Beige book shows an uptick in lending, shipping costs are down and an economist walks us through her process for reading a CPI report.Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Trump was losing in the courts. He's not anymore.In the early months of the administration, the courts were proving a powerful check on President Trump, blocking many of his boldest actions. But those were the lower courts. In the past few months, the Supreme Court has weighed in, and it has handed Trump win after win after win.So what do these decisions enable the president to do? And why is the Supreme Court giving Trump what he wants?To pull all this apart, I'm joined by Kate Shaw. She is a former Supreme Court law clerk, a professor at the University of Pennsylvania Carey Law School and a host of the “Strict Scrutiny” podcast.Note: This episode was recorded on Aug. 21, before Trump announced his intention to fire Lisa Cook from the Federal Reserve Board of Governors and before Immigration and Customs Enforcement re-arrested Kilmar Armando Abrego Garcia and began processing him for deportation to Uganda.Mentioned:“Don't Believe Him” by Ezra Klein“This Is the Presidency John Roberts Has Built” by Peter M. ShaneBook Recommendations:Lawless by Leah LitmanVera, or Faith by Gary ShteyngartWe the People by Jill LeporeThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find the transcript and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.htmlThis episode of “The Ezra Klein Show” was produced by Elias Isquith. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld. Mixing by Isaac Jones and Aman Sahota. Our executive producer is Claire Gordon. The show's production team also includes Marie Cascione, Annie Galvin, Rollin Hu, Elias Isquith, Kristin Lin, Jack McCordick, Marina King and Jan Kobal. Original music by Aman Sahota and Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The director of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Josh Chafetz. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

In a live conversation on YouTube, Lawfare Editor in Chief Benjamin Wittes sat down with Lawfare Senior Editors Anna Bower and Scott Anderson, Lawfare contributor James Pearce, Lawfare Public Service Fellow Loren Voss, and The Atlantic staff writer Quinta Jurecic to discuss the legality of the Trump administration's cancellation of $4.9 billion in foreign aid funding using a “pocket rescission,” how that impacts ongoing litigation surrounding foreign aid grant cancellations, the expanding role of the Pentagon in domestic law enforcement in D.C. and across the country, Fed. Governor Lisa Cook's lawsuit challenging President Trump's attempt to remove her from the Board of Governors of the Federal Reserve, and more.You can find information on legal challenges to Trump administration actions here. And check out Lawfare's new homepage on the litigation, new Bluesky account, and new WITOAD merch.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThere is virtually no inflation, the Fed predictions have not come true, energy prices are down, so why isn't the Fed lowering the rates by 2 to 3 points? ECB panics over Trump going after the Fed, their world is about to be destroyed. If Trump did not create the parallel system the country would be in a depression right now. The [DS] wants a war, it is part of the 16 year plan and they are trying to move forward with it. The EU has blamed Russia for the illegal problem, cyber attacks and now Ursla says Russia jammed her plane and she had to land. Scare Event will be necessary to have peace. Trump has now called out Big Pharma. Big Pharma gave Trump the covid vaccine results but has not shown the same results to the public, Trump wants them to be transparent. Did Big Pharma lie to Trump during covid to push their vaccines?   Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  President Trump Calls on Judge Jia Cobb to Recuse Herself From Lawsuit by Fired Federal Reserve Board Member Lisa Cook After Sorority They Are Both Members of Releases Statement in Support of Cook  President Donald Trump posted a statement Sunday night calling on U.S. District Judge Jia Cobb to recuse herself from presiding over the lawsuit by Federal Reserve Board of Governors member Lisa Cook challenging Trump's firing of her from the Fed last Monday over allegations of mortgage fraud. https://twitter.com/RapidResponse47/status/1962326210312016149?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1962326210312016149%7Ctwgr%5Ebf1a09094e9d30de8c0fd36bfbd472dd31c215bb%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thegatewaypundit.com%2F2025%2F09%2Fpresident-trump-calls-judge-jia-cobb-recuse-herself%2F Source: thegatewaypundit.com Trump's Pressure on the Fed Poses a ‘Very Serious Danger,' ECB President Warns President Donald Trump's push to take control of the Federal Reserve could pose a serious threat to the U.S. and global economy, European Central Bank President Christine Lagarde has warned. It would be “very difficult” for Trump to take control of the Fed because he can only remove Fed governors if the Supreme Court finds them guilty of serious misconduct, Lagarde told France's Radio Classique on Monday. “If he succeeds, that would be a very serious danger for the American and global economy,” Lagarde said. Source: barrons.com Bessent: Trump May Declare National Housing Emergency This Fall Treasury Secretary Scott Bessent told the Washington Examiner on Monday that President Donald Trump might declare a national housing emergency this fall to address rising prices and dwindling supply. It would be the first national housing emergency since the Great Recession, Datoc reported, when the housing bubble burst as President Barack Obama was preparing to take over the White House from former President George W. Bush. Trump blasted Federal Reserve Chair Jerome Powell earlier this month for "hurting" the housing industry "very badly" as he campaigned for a reduction in interest rates. Trump has repeatedly urged Powell to cut interest rates while also sharply criticizing Powell.

The Federal Reserve has been under intense pressure from President Donald Trump as he pushes for more control over the historically independent agency. The Fed is tasked with keeping inflation and unemployment under control, and it's supposed to be insulated from politics so it can do whatever is necessary for the economy. But Trump has been openly saying he wants interest rates to be lower. A lot lower.And on Monday, Trump posted a bombshell. He said that he was removing Federal Reserve governor Lisa Cook, “for cause.” Lisa Cook has told NPR she intends to remain in office, and is now suing Trump. On today's show: inside the Fed Board of Governors. How realistic is a plan to control monetary policy through loyalists on the Board? We hear from former Board governors to understand what the job is, and what we might be in for. Further listening on the Fed and Fed independence: - A primer on the Federal Reserve's independence - Happy Fed Independence Day - The case for Fed independence in the Nixon tapes - A Locked Door, A Secret Meeting And The Birth Of The Fed - Trump's unprecedented attack on the Fed - Turkey's runaway inflation problem  - Should presidents have more of a say in interest rates?Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

President Trump has moved to fire a member of the Board of Governors of the Federal Reserve. The President has also taken action to eliminate cashless bail and expand the role of the National Guard as part of his crackdown on crime in Washington, DC. And, Kilmar Abrego Garcia has been taken into custody and faces deportation to Uganda. Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.Today's episode of Up First was edited by Padma Rama, Rafael Nam, Eric Westervelt, Lisa Thomson and HJ Mai.It was produced by Ziad Buchh, Nia Dumas and Mansee Khurana.We get engineering support from Stacey Abbott. And our technical director is Carleigh Strange. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy