Podcasts about Great Depression

The Fed is cornered — and markets are bracing for impact. Kerry Lutz and guest Todd Sheets break down the coming interest rate cut and what it means for your money. Todd predicts a 25–50 basis point drop, but warns that political pressure, a weakening job market, and stubborn inflation around 2.8% could turn this into a dangerous gamble. They dig into the Fed's long track record of failures — from the Great Depression to the runaway inflation of the 1970s — and why today's chronic deficits could spark similar crises. With precious metals flashing warning signals and Fed policy tilting toward asset holders over consumers, Kerry and Todd explain how investors can prepare for the fallout. Find Todd here: https://toddsheetswriter.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5

She survived the Great Depression, she fought for women's suffrage, and for many of us, she was our first window into what it meant to be American. This week, Amanda and Chelsea are joined by culture writers and co-editors of An American Girl Anthology, Justine Orlovsky-Schnitzler (@justineodashs) and KC Hysmith (@kchysmith), to unpack the cult of American Girl Dolls. Because these weren't just toys… they were identity-shaping, history spinning, $120 personality tests. And behind the tiny teeth and perfect braids are much bigger questions: Who gets to be American? Whose stories are worth telling? And what does it mean when those stories are written by a brand who's bottom line is trying to sell you tiny matching accessories? From revisionist history to real emotional impact, this episode explores how American Girl Dolls didn't just reflect American girlhood, they quietly helped define it. Subscribe to Sounds Like A Cult on Youtube!Follow us on IG @soundslikeacultpod, @amanda_montell, @reesaronii, @chelseaxcharles.  Thank you to our sponsors! Right now save 20% on your FIRST order and get a free cat toy at ⁠https://PrettyLitter.com/CULT Go to https://HelloFresh.com/SLAC10FM now to Get 10 Free Meals + a Free Item for Life!  Find exactly what you're booking for at https://Booking.com, Booking.YEAH! Please consider donating to those affected by the ongoing humanitarian crisis in Gaza. Team SLAC are donating to the PCRF, a nonprofit organization providing vital medical care, food, and humanitarian aid to children and families in need. The Big Magical Cult Show is coming to Just For Laughs Toronto on September 27th. Get your tickets before they sell out!  Learn more about your ad choices. Visit podcastchoices.com/adchoices

The UN has given a dire warning about the children of Gaza City, as Israel begins its major ground invasion there. Credit scores in the US are dropping at a rate not seen since the Great Depression. We pay tribute to Hollywood legend Robert Redford. We'll tell you the outcome of Luigi Mangione's first court appearance in months. Plus, all you need to know about President Donald Trump's state visit to the UK. Learn more about your ad choices. Visit podcastchoices.com/adchoices

047 - The long Walk, Dir. Francis Lawrence  The Long Walk is a dystopian, post modern Civil War America.  Every year each state is represented by a young boy who walks for the grand prize of whatever they want.  The cost of victory?  The other 49 have to be dead.  There s no finish line and no breaks.  To fall behind or stop is to be killed.   Par the corse for Stephen King.  Mark Hamill (The Major) plays his part beautifully as the guy we love to hate. Downton Abbey: The Grand Finale (timecode below) finds Lady Mary Talbot and family a year into The Great Depression and rocked with a scandal.  It's ore of what we've come to love about the show- excellent writing, brilliant performances, and an old world English charm that keeps us coming back for more.  If you're a fan of Downton Abbey, this one will put a smile on your face. 0:00:00 - Introductions and Banter 0:08:30 - Box Office  0:11:15  - The Best Toy Story Movie? 0:18:50 - Movie Recommendation- The Road, Dir. John Hillcoat 0:40:00 - Downton Abbey: The Grand Finale / Franchise Talk  1:04:00 - The Long Walk, Dir. Dir. Francis Lawrence 1:40:50 - The Long Walk: Our Final Thoughts  Hosted, produced and mixed by Grayson Maxwell and Roger Stillion.  Also hosted by Christopher Boughan. Visit the new Youtube channel, "Post Credits Podcast" to watch the video version.   Thank you for listening! Check us out on many podcast services: Apple Podcasts, Amazon Music, Google Podcasts, Spotify, Podbean. Check is out on YouTube for the full video each week: https://www.youtube.com/@Postcreditspodcast1

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.  

In this conversation, Regina discusses her journey of writing her first book, 'Sunshine Rose ' (final title TBD), which draws inspiration from a story written during the Great Depression. She shares the challenges and emotional rollercoaster of the writing process, the importance of preserving historical narratives, and the lessons learned along the way. The discussion also delves into the complexities of publishing, including self-publishing, and the need for resilience in the face of criticism. Regina emphasizes the value of storytelling in the equine community and her desire to create a platform for other writers.

In this captivating episode of Reading with Your Kids, host Jed Doherty explores two remarkable stories that celebrate courage, creativity, and the power of trying new things. Listeners are treated to inspiring conversations with authors Alyssa Colman and Emily Raymond, who share their unique approaches to children's literature. Alyssa Colman's middle-grade novel "Where Only Storms Grow" transports readers to the challenging era of the Dust Bowl, offering a poignant look at family, hope, and resilience. Set in 1935, the book follows twins Howe and Joanna Stanton as they navigate the harsh realities of the Great Depression. Colman's meticulous research brings to life the devastating dust storms that reshaped American agriculture, creating a powerful narrative that teaches young readers about historical challenges and the importance of community. In a delightful contrast, Emily Raymond and her mother Gail Striegel present "Danny the Goat Does Not Like Pears," a charming picture book that explores the universal childhood experience of being afraid to try new things. Inspired by Emily's childhood memories of hiding vitamins, the book follows a goat who goes to extraordinary lengths to avoid eating pears, ultimately learning a valuable lesson about stepping out of one's comfort zone. Both stories share a common thread of hope, community, and personal growth. They demonstrate how children's literature can tackle complex themes in accessible, engaging ways. The authors discuss the importance of libraries as community spaces and the joy of connecting with young readers. For parents looking to spark meaningful conversations with their children, these books offer excellent starting points. Whether discussing historical resilience, overcoming food fears, or the importance of trying new experiences, these stories provide rich opportunities for family dialogue. This episode reminds us that great children's books are more than just entertainment—they're powerful tools for understanding the world, building empathy, and inspiring young minds to embrace challenges with courage and creativity.

The left-wing surge of the U.S. working class during the Great Depression of the 1930s compelled the Democratic Party to prioritize serving the working class more than it had before or would again. It was called the New Deal. In response, the US employer class, angry that taxes on corporations and the rich were used to fund government programs for the people, turned to the Republican Party after World War II ended in 1945 and directed it to roll back the New Deal, reducing or eliminating all it had accomplished. Because the New Deal made the great mistake of leaving profits in the hands of employers, the employers used those profits to provide Republicans with the means to defeat the Democrats and roll back the New Deal. In response, the Democrats sought funding, finding it in the hands of many donors who had supported the Republicans. For many years, the U.S. was led by one party or the other: the GOP rolled back the New Deal faster, while the Democrats did so more slowly—one ruling class, two parties to serve it. The 2008 Great Recession ended the cozy system, as both parties had to protect the privileges of the corporations and the rich, even as the US empire and economy declined. As the mass of people suffered and neither the GOP nor the Democrats stopped it, people became desperate and elected Trump out of rage and hysteria. He did not and will not solve the fundamental problems any more than his predecessors did. For that, a genuinely new and different political party is needed — one that puts the American Working People First, the American majority. The program concludes with suggestions on how such a new party could truly transform the country and address its most pressing problems.   The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.  You can support our work by joining our Patreon community:  https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate     Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.  We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

There's nothing else quite like a night at the ballpark, especially when the light and temperature hit just right. The air is soft, the crowd is genial. You've got a hot dog in one hand and an icy-cold drink in the other. Your only job? Sit there, take in the action, and occasionally join in a cheer or shout at the ump. Since the 1860s, baseball has been called ‘America's pastime.' During times of strife — the Civil War, the Great Depression, the World Wars — baseball provided escapism and a sense of normalcy. It's always been seen as a reflection of American attitudes and values: The game requires cooperation and self-sacrifice — and like America, baseball LOVES a maverick. Baseball is also democratic: Just about anybody can play just about anywhere if they've got an open space, a bat, and a ball. As a spectator, even if you don't know all the rules, you can still recognize the elation of a stolen base or a home run. In this episode, we take a virtual tour of some of the remarkable ballparks around the US, meet the most eccentric man in baseball, delight in players' excellent nicknames, and wax poetic about popcorn. Then we recommend great books that took us inside the stadium on the page, including a sweetly funny epistolary novel that sneaks up on you, a love letter to the unsung catcher, a 1920s mystery starring the Cincinnati Reds, a closer look at pitching, and a literary mashup of campus novel, baseball story, and rom-com. Last Days of Summer: A Novel by Steve Kluger The Cincinnati Red Stalkings by Troy Soos The Art of Fielding: A Novel by Chad Harbach K: A History of Baseball in Ten Pitches by Tyler Kepner The Tao of the Backup Catcher: Playing Baseball for the Love of the Game by Tim Brown For more on the books we recommend, plus the other cool stuff we talk about, visit show notes. Sign up for our free Substack to connect with us and other lovely readers who are curious about the world. Transcript of Baseball Diamond: Root, Root, Root for the Home Team Do you enjoy our show? Do you want access to awesome bonus content? Please support our work on Patreon! Strong Sense of Place is an audience-funded endeavor, and we need your support to continue making this show. Get all the info you need right here. Thank you! Parts of the Strong Sense of Place podcast are produced in udio. Some effects are provided by soundly. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, we take a trip back in time to explore the Dust Bowl, the Dirty Thirties, and the iconic Route 66. Hannah and Barbi dive into the history, the struggles, and the resilience of the people who lived through these defining moments. From the challenges of the Great Depression to the stories of families traveling the Mother Road in search of a better life, we uncover how these pieces of history are all connected. Tune in for a fascinating look at the past, filled with stories that are as captivating as they are eye-opening.

Sheryl Kaskowitz's latest book is about a secret government folk music program that was part of FDR New Deal during the Great Depression.

A river is the most powerful force in nature—and blocking one is the boldest act a human can attempt. In this episode of Rainy Day Rabbit Holes, we dive into the colossal story of the Grand Coulee Dam: a project born in the desperation of the Great Depression, built with sweat and sacrifice, and shadowed by broken promises. From Hoovervilles to hydroelectric power, boomtown brothels to Woody Guthrie ballads, and even the secret connection between the dam and the atomic bomb, this is history at its most epic and unsettling. We’ll explore the triumphs, tragedies, and the question that lingers today: who really paid the price for progress?   ✨ And don’t miss the end of the episode—we’ve got a brand new piece of Patreon fan fiction, starring one of our amazing supporters!

AI isn't coming—it's already here, and Bill Anderson wants you to face it. From driverless cars in Phoenix to cashier-less stores and app-only McDonald's, the future is unfolding faster than most want to admit. But what happens when 30% of jobs vanish by 2030—more than during the Great Depression? Are even “safe” professions like doctors, teachers, and lawyers at risk? And if machines can diagnose, prescribe, and even outplay poker masters, what role will humans have left? This episode dares you to ask: will convenience and complacency trade away our future? Find out more on this episode of https://Ready-Radio.com

On today's show we are taking a deep look at my forecast for the US economy over the next few years. What I'm about to share is not getting covered by the mainstream media as far as I can see. If we look through history, we know that economic growth and population growth are linked. It's not that population growth alone is the cause of economic growth. It's not enough by itself. But we know that you cannot have one without the other.The US population is now shrinking for the first time in a century. The last time the US population shrank was in the late 1920's when jobs evaporated during the Great Depression and people who had come to the United States for work left the country. In the first several months of the new administration, immigration numbers are way down. We have fertility rates at historic lows. We have workforce participation falling as baby boomers retire. The only way that the US population and hence the economy can grow requires immigration. The US unemployment rate remains low because the workforce is shrinking.On Thursday we got a jobs report that surprised Wall Street and many economists. The real question in my mind is how many jobs does the economy need to generate if the population is shrinking. We might need to get used to low employment reports and this could represent the new normal. --------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

“You don't know who your bank is in bed with,” says Mitch Vexler, whistleblower and expert on property valuations. In this second interview with Daniela Cambone, Vexler explains how inflated property appraisals fuel massive school bond debt and overtax communities. “Mathematically, there are $5.1 trillion in school bonds that are already outstanding,” he says. “If you add in what's hidden, the exposure could be as high as $17.1 trillion.”Vexler also warns of fallout spreading far beyond homeowners: “So you end up in the exact same position where I wouldn't quite call it 70% credit risk, but I would certainly call it close to 50 to 60% credit risk with regard to your retail tenants.”Learn more about Mitch's work here: https://www.mockingbirdproperties.com/✅ FREE RESOURCESDownload The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone's Top 10 Lessons to safeguard your wealth (FREE)

Come along with me on a walking tour of Independence, Missouri! We'll explore the historic Temple Lot Church (Hedrickites) and look at rare photographs from the Great Depression, when attempts were made to build the Jackson County Temple on the very cornerstones Joseph Smith laid in 1831. We'll also stop by the Stone Church, the oldest church in Missouri, built by Joseph Smith III, and visit the Remnant Church of Jesus Christ of Latter Day Saints. As we walk, we'll trace the same steps once taken by Harry Truman, stopping at the United Nations Peace Plaza and the Auditorium he frequented after returning home from the presidency. Our journey will also take us to the Cutlerite Church and Temple. It's a unique chance to experience history, faith, and legacy all in one walk—you won't want to miss it! https://youtu.be/E-z1dRBPzqw Don't miss our other Tangent Trips! https://gospeltangents.com/mormon_history/gt-trips/ Copyright © 2025 Gospel Tangents All Rights Reserved From Zion to Truman Join us on an extended walking tour through Independence, Missouri, a city rich with pivotal moments in both the Restoration movement and American political history. From the foundational sites of early Mormonism to the stomping grounds of President Harry S. Truman, Independence offers a unique blend of historical insights. The Sacred Ground: Temple Lot Our journey begins at the Temple Lot, a site dedicated by the Mormon Prophet Joseph Smith and other Mormon leaders on August 3, 1831. This area was envisioned as the center of Zion, a grand temple complex. Today, it's surrounded by several significant structures, including the Community of Christ Auditorium and Temple, the LDS Stake Center, and LDS Visitor Center. The Temple Lot Church, sometimes known as the Hedrick-ites, stands prominently. This site has seen its share of trials; the first and second churches built here were both tragically destroyed by fire. A particularly heartbreaking incident in 1990 saw a former member reportedly burn down a church with the misguided belief that it would expedite the rebuilding of the temple. Plans for a larger temple with groundbreaking and footings were halted by the Great Depression, leaving a famous foundation hole. Interestingly, artifacts like stones, found by Otto Fetting, are on display, hinting at the never-realized Greek-style design. The envisioned temple's footprint was surprisingly small, especially compared to later temples like Nauvoo or Salt Lake. Inside the Temple Lot Visitor Center, you can see photographs of early leaders and even a display of the Book of Commandments, a precursor to the Doctrine and Covenants, which is apparently being phased out of print and may be de-canonized. Architectural and Spiritual Diversity: Other Churches of Independence Just a short distance away, we visit the Stone Church, which stands as the oldest church in Missouri built by Joseph Smith III. Its interior, with its large pipe organ, impressive stained-glass windows, and wooden pillars, might remind visitors of the Salt Lake Tabernacle, albeit on a smaller scale. The Remnant Church of Jesus Christ of Latter Day Saints has its headquarters in the former Chrisman High School, a building that also operates a lunch program for the homeless. A particularly unique stop is the Cutlerite Church, established by Alpheus Cutler in 1853. This small denomination, with fewer than a dozen members (most over 70), maintains a distinctive practice: they are one of the few churches outside the LDS Church and some polygamous groups that practice baptisms for the dead and endowments. Their building serves a dual purpose, with a chapel on the first floor and a "temple area" on the second, where sacred" temple work is conducted. Early Mormon Footprints and Conflicts Independence also holds the memory of early Mormon settlers and the tensions they faced. We visit the site of Edward Partridge's home and the relocated Jones Flournoy Home,...

Generation Gap has been on the air nearly ten years, hosted by Dorothy Wilhelm. and Ray Miller Still, Editor in Chief of The Enumclaw Courier Herald. Ray says there are only 2 Courier Herald Newspapers in the World. One is in the United States and One in Ireland. So it's been our custom to decide on the question we'll discuss for each show. Dorothy, born in 1934, is a member of the Silent Generation. The Silent Generation is generally defined as those born between 1928 and 1945. This generation grew up during the Great Depression and World War II, which significantly shaped their values and worldview. We're called Silent because we didn't make waves. We didn't protest. We had seen the Great Depression and the Great War. We just wanted peace and civic involvement. Ray is a member of the Millennials who were born between 1981 and 1996, making them approximately 29 to 44 years old in 2025. This age range is defined by the Pew Research Center and is widely accepted, although some sources may vary by a year or two. And then our newest Generation Gap member is Jason Falls. we're still working on remembering what generation he belongs to, but we think Gen z. Stand by for late breaking bulletins. This month Ray suggested that we talk about the video games that everybody is playing these days. It didn't work out too well. Ray wanted to hear about the games that Dorothy played, and she denied ever playing a game in her life. Jason was ready to dive in. Born in 1975, he's a member of Gen x, according to the books, but I'm not convinced. He just doesn't seem like an X - more about this later. We were all ready to talk about games. According to Generation z blogs, this is an important indicator of the generations. It doesn't say why. Gen Z is the most important generational shift so far, according to Gen Z Blogs but their experiences and outlook are not understood well enough by those who have come before them. Generation Z has huge, as yet mostly untapped, potential to meet the challenges of today. In 2025 Generation Z will form over a quarter of the UK workforce and an even larger proportion of US. The older ones are already in management positions in large companies and ripping up the rulebook on their own. Their importance in the workplace will grow. But back to our question. Dorothy is steadfast in her determination not to play games or even have a pedicure for that matter. So you'll want to tune in next month to hear the final word on Why Generations Fight and if we can possibly get along. I actually thank we can, but I'm not sure I can learn one of those electronic games. But little old people can't manage those teeny keys. This is the closest thing to a drop dead question that we've had on Generation Gap. What do you think about old time hands and new time games. Learn more about your ad choices. Visit megaphone.fm/adchoices

The General Textile Strike in Philadelphia helped set the stage for the very radical hosiery workers who continued to fight throughout the 1920s and into the Great Depression. Originally aired: March 8, 2022. Support the showwww.laborjawn.com

When the economy grinds down into a slow collapse, survival isn't just about food and gear—it's about money, opportunity, and creativity. This episode continues the Slow Collapse Skills series by digging into side hustles and bartering, two lifelines that kept people alive during the Great Depression and will matter just as much in a modern Depression 2.0.

There are no bad experiences, just the ones you don't learn from. If you don't learn from bad experiences, you will make the same mistakes over and over and over again. -Gwen Borden & Amy Goober This week's story features a mother and daughter who have written a love story, filled with priceless advice for us all. The book, entitled My Mother Always Says: 25 Lessons for Finding the Silver Lining, explores the life and times of 94-year-old Gwen Borden, who was born during the Great Depression. Teaming up with her daughter, Amy Goober, a dynamic women's life coach and fearless entrepreneur, was kismet. Inspired to share their hard-earned wisdom, the idea for the book was hatched. Says Gwen: “ I gave birth to Amy, and she gave birth to the book. Amy did all the editing. All I had to do was tell my story, like I was talking to you in my living room. “ Packed with advice delivered with wit and humor, this book provides a mirror to the relationship between mother and daughter. Says Amy: “We were always close, but you don't appreciate your mother until you are a mother. I thought I knew her life, and then we started writing this book, and the stories she told really complete the message of the 25 life lessons in our book. For 21 minutes of mother/daughter wisdom, like “the things we regret in life are the things we don't do” and “Trust your gut, not your head” go ahead and hit that download button. You're welcome! #mothers #daughters #wisdom #advice #resilience #trustyourgut co-authors, My Mother Always Says

When the economy grinds down into a slow collapse, survival isn't just about food and gear—it's about money, opportunity, and creativity. This episode continues the Slow Collapse Skills series by digging into side hustles and bartering, two lifelines that kept people alive during the Great Depression and will matter just as much in a modern Depression 2.0. "Slow Collapse Skills: Side Hustles & Bartering | Episode 495" The post Slow Collapse Skills: Side Hustles & Bartering | Episode 495 appeared first on Survivalpunk.

This week, the Trump administration announced it would sell around 5% of mortgage giants and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The sale would begin to reintroduce the two firms to private markets after 17 years of government conservatorship. The decision to re-privatize two of the largest mortgage firms in the world, and a prominent reason why the United States is one of the only countries where people can get 30-year fixed-rate mortgages, will have enormous implications for the U.S. economy, housing market, and the American dream.Fannie Mae was founded during the Great Depression with the idea of making mortgages more widely available to Americans by buying mortgage loans from banks. Freddie Mac came along in 1970 to provide competition and increase liquidity for mortgages. In part, Fannie and Freddie increased liquidity by repackaging their mortgages into mortgage-backed securities and reselling them to investors. In the early 2000s, the subprime mortgage crisis began as smaller, unregulated financial actors started offering risky mortgage loans and likewise repackaged them to investors. When the crisis imploded in 2008, it gutted the market for mortgage-backed securities, and the U.S. government seized Fannie and Freddie to prevent them from collapsing. The government feared that without Freddie and Fannie, many Americans would no longer be able to afford home ownership. Today, Fannie and Freddie still back roughly 50% of all mortgage loans, with other government agencies making up another chunk.The Trump administration's plans to take these GSEs public again will allow the two firms to raise billions through new stock offerings and shift risk back to the private sector. But the question is, why is the government doing this? Will it help fix the country's housing crisis—which Trump has reportedly called a national emergency—or will it make matters worse? Bethany and Luigi get together to discuss what it would mean for Fannie and Freddie to go public, who benefits from these developments, and their implications for home loans, the housing market, and the American economy.Also check out Bethany's book, published in 2015: Shaky Ground: The Strange Saga of the U.S. Mortgage Giants

If you're not a patron, subscribe at patreon.com/workstoppage to get full access to the episode. In our sixth episode, and final episode of our subset on the struggle of farmworkers,  we discuss the epic agricultural strikes of the 1930s.  With farm wages slashed to starvation levels during the Great Depression, organization in the fields made the slogan "Fight, Don't Starve!" a reality. While the AFL continued to refuse to organize farmworkers, the Communist Party stepped into the gap and organized the largest agricultural strike wave in US history in 1933. In response, farm owners and their allies in the state unleashed truly fascist repression, attempting to drown these struggles in blood. But the perseverance of the workers and their dedication to racial and national unity managed to extract vital wins even in the depths of the worst economic downturn in the country's history. These struggles would terrify farm owners so much, they would lobby the state to create the country's first guest worker program, the Bracero Program, to institute a legalized regime of apartheid in the fields and try to prevent the racial unity that proved so powerful. These fights and the response from the capitalist class laid the foundations for the structures of exploitation and oppression faced by farmworkers today, and carry many lessons for those who would organize for a better future. Join the discord: discord.gg/tDvmNzX  Follow the pod at instagram.com/workstoppage, @WorkStoppagePod on Twitter,  John @facebookvillain, and Lina @solidaritybee

The New Deal was created more than 90 years ago to help the U.S. recover from the Great Depression. This first episode of "The Public Works" a series from reporter Sheryl Kaskowitz, looks at how the New Deal has shaped public space in the Bay Area and remains part of our everyday lives.

In this episode, Wade tells the story of William Ralph Weaver, the small-town innovator who made rifle scopes affordable for everyday hunters. From the Great Depression to World War II and beyond, Weaver scopes became a symbol of durability and precision for generations of American shooters. Wade also shares a personal piece from his own collection and reflects on what happens when legacy brands get swallowed up by big corporations.

The stock market peaked on September 3rd, 1929, and weeks later the Great Depression began. Today, some analysts like Bloomberg's Mike McGlone are warning of a $10K Bitcoin collapse, while Max Keiser is screaming the opposite: Bitcoin at $2,000,000.In this episode Rustin and Max break down the U.S. debt spiral, bond market chaos, rising global wars, and why stablecoins are just hospice care for the dollar. Then we zoom out into the Fourth Turning cycle of history, and why this time humanity has a monetary escape hatch: Bitcoin. From fiat collapse to generational opportunity, this show builds to one conclusion: all roads lead to Bitcoin. Strap in! This one is not for the faint of heart.SPONSORS:⛓️ Mining Disrupthttp://www.eventbrite.com/e/1332865469499/?discount=SIMPLYBITCOINThe Worlds Largest Bitcoin Mining Expo!! Dallas, Texas November 11-13, 2025Promo code: SIMPLYBITCOIN for 20% off⚡️ THE ORANGE PILL APPhttps://www.orangepillapp.com - Meet local Bitcoiners- Find local Bitcoin events- Find local merchants that accept Bitcoin- STACK FRIENDS WHO STACK SATS

From the Great Depression to 94 Years of Wisdom: Edna's Story of Farm Life, Family, and Resilience | Conversations with a Chiropractor Episode Description: What does nearly a century of life teach you about hardship, family, and the power of resilience? In this extraordinary episode of Conversations with a Chiropractor, Dr. Stephanie Wautier sits down with Edna, who was born in 1931 during the Great Depression and has lived through some of the most defining moments of the 20th century. Edna takes us on a vivid journey through her childhood on a Michigan farm, memories of one-room schoolhouses, the arrival of electricity, and the everyday realities of growing up without modern conveniences. She shares powerful reflections on World War II, working through adversity, raising a family, and her long career in nursing—all told with honesty, humor, and perspective that only comes from a life well lived. From potato harvests and moonshine stories to reflections on technology and what truly matters in life, this is more than just history—it's living wisdom.

The scariest part of the Dust Bowl is the very small amount we talk about it historically. The need for wheat during WW1 caused the wheat market to double. There was a lot of new agricultural land in the Southern Great Plains. Once the war was over, the government tried to prop up grain prices as best they could. In order to continue making the money they once did, farmers in the Southern Great Plains doubled down purchasing more land, and tearing more of the natural grasses from the earth. Then the Depression happened and prices for wheat bottomed out. Then drought hit the U.S. THEN the winds came. Without the native grasses holding down the top soil, the Great Plains became a literal dust bowl. Some left for California. Some road it out. Some never learned their lesson. Join us as we get Historically High on The Dust Bowl!Support the show

In this episode of the Hollywood Godfather podcast, hosts Gianni and Jeanie cover a multitude of topics ranging from personal anecdotes to detailed recollections of the movie 'Seabiscuit'. They discuss the film's significance, its setting during the Great Depression, and how it portrays the resilience and growth of its characters played by Jeff Bridges, Toby McGuire, and Chris Cooper. Gianni shares his personal connection to his role and the real-life figure he portrayed in the movie. They also delve into their personal experiences with horse racing, touching on the challenges jockeys face and the unique world of racetracks. The episode wraps up with announcements of upcoming events and a teaser for the next episode focusing on the film 'Family Man'.

fWotD Episode 3043: William Arthur Ganfield Welcome to featured Wiki of the Day, your daily dose of knowledge from Wikipedia's finest articles.The featured article for Wednesday, 3 September 2025, is William Arthur Ganfield.William Arthur Ganfield (September 3, 1873 – October 18, 1940) was an American pastor, educator, and academic administrator who was president of Centre College in Danville, Kentucky, from 1915 to 1921 and then of Carroll College (now called Carroll University) in Waukesha, Wisconsin, from 1921 until his retirement in 1939.A preacher in Green Bay, Wisconsin, Ganfield was hired to join the history faculty at Carroll in 1904 and stayed in Waukesha until 1915, when he was elected president of what is now Centre College. There, he reversed decisions made by his predecessor, Frederick W. Hinitt, to restore the school's close connection with the Presbyterian Church, leading to an increase in enrollment and a successful fundraiser. Centre experienced significant athletic success during Ganfield's tenure, particularly in football; the 1919 team was retroactively recognized as national champions, and the 1921 team won a major upset victory over Harvard. By the time of the Harvard game, Ganfield had already agreed to return to Carroll as their president, though his contract stipulated that he would not begin the position until after the game.Ganfield, who took office at Carroll directly after the school's first lay president, kept its ties to the church intact and maintained daily chapel attendance as a requirement for all students. Enrollment and the endowment both grew during his nineteen-year term, the latter to $800,000 by his retirement. Sports enjoyed increased attention and success; Norris Armstrong, a former member of Centre's football team, came to Carroll in 1923 to coach the football and basketball teams, both of which won numerous league titles. Faculty pensions were introduced during the Great Depression, and fixed salaries were implemented as the faculty numbers grew. Ganfield retired in 1939 due to poor health and died the following year.This recording reflects the Wikipedia text as of 00:53 UTC on Wednesday, 3 September 2025.For the full current version of the article, see William Arthur Ganfield on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm neural Ruth.

Today, Americans are facing an affordability crisis. We're here after years of union busting, lax antitrust enforcement and corporate takeover of our democracy and now, fascism and oligarchy reigning over our society. So this Labor Day, I want to tell you about a woman whose courage, vision, and persistence transformed America and the American workplace: a woman who truly knew the meaning of affording your life, Secretary of Labor Frances Perkins.When President Franklin Roosevelt appointed her in 1933, Perkins became the first woman in U.S. history to serve in the Cabinet. But she was more than a symbol—she was a reformer, a fighter, and the architect of many of the protections we now take for granted.She came into office at the height of the Great Depression, when millions of Americans were out of work, when wages were low, hours were long, and protections were almost nonexistent. Frances Perkins had already seen the consequences of unsafe working conditions firsthand. As a young woman, she had watched the flames of the Triangle Shirtwaist Factory fire in 1911, when 146 garment workers—mostly immigrant women—died because they were locked inside a burning building. That tragedy seared into her the determination to make workers' lives safer, fairer, and more dignified.As Secretary of Labor, Perkins set out an ambitious agenda—and she achieved it. She helped design and implement the Social Security Act of 1935, which for the first time gave Americans a system of old-age pensions, unemployment insurance, and aid to families in need. She championed the Fair Labor Standards Act, which established the minimum wage, the 40-hour work week, and restrictions on child labor. She was instrumental in creating the Civilian Conservation Corps and Public Works Administration, which gave jobs to millions.Her guiding principle was simple but powerful: that the government has a responsibility to protect workers from exploitation and to ensure that prosperity is shared, not hoarded.Frances Perkins knew these reforms would not come easily. She faced resistance not only from business interests but also from members of Congress and even some within the Roosevelt administration. Yet she persisted. With intelligence, patience, and moral conviction, she turned ideas that seemed radical into law.Her legacy lives with us every day. When you receive a paycheck that honors overtime pay, when you see a child in school instead of working in a factory, when you know that your retirement is backed by Social Security—those are the reforms of Frances Perkins.She once said, “The people are what matter to government, and a government should aim to give all the people under its jurisdiction the best possible life.”This Labor Day, remember Secretary of Labor Frances Perkins, a true Affording Your Life visionary. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit affordingyourlife.substack.com

In this episode of Crazy Wisdom, host Stewart Alsop sits down with Juan Samitier, co-founder of DAMM Capital, for a wide-ranging conversation on decentralized insurance, treasury management, and the evolution of finance on-chain. Together they explore the risks of smart contracts and hacks, the role of insurance in enabling institutional capital to enter crypto, and historical parallels from Amsterdam's spice trade to Argentina's corralito. The discussion covers stablecoins like DAI, MakerDAO's USDS, and the collapse of Luna, as well as the dynamics of yield, black swan events, and the intersection of DeFi with AI, prediction markets, and tokenized assets. You can find Juan on Twitter at @JuanSamitier and follow DAMM Capital at @DAMM_Capital.Check out this GPT we trained on the conversationTimestamps00:05 Stewart Alsop introduces Juan Samitier, who shares his background in asset management and DeFi, setting up the conversation on decentralized insurance.00:10 They discuss Safu, the insurance protocol Juan designed, and why hedging smart contract risk is key for asset managers deploying capital in DeFi.00:15 The focus shifts to hacks, audits, and why even fully audited code can still fail, bringing up historical parallels to ships, pirates, and early insurance models.00:20 Black swan events, risk models, and the limits of statistics are explored, along with reflections on Wolfram's ideas and the Ascent of Money.00:25 They examine how TradFi is entering crypto, the dominance of centralized stablecoins, and regulatory pushes like the Genius Act.00:30 DAI's design, MakerDAO's USDS, and Luna's collapse are explained, tying into the Great Depression, Argentina's corralito, and trust in money.00:35 Juan recounts his path from high school trading shitcoins to managing Kleros' treasury, while Stewart shares parallels with dot-com bubbles and Webvan.00:40 The conversation turns to tokenized assets, lending markets, and why stablecoin payments may be DeFi's Trojan horse for TradFi adoption.00:45 They explore interest rates, usury, and Ponzi dynamics, comparing Luna's 20% yields with unsustainable growth models in tech and crypto.00:50 Airdrops, VC-funded incentives, and short-term games are contrasted with building long-term financial infrastructure on-chain.00:55 Stewart brings up crypto as Venice in 1200, leading into reflections on finance as an information system, the rise of AI, and DeFi agents.01:00 Juan explains tokenized hedge funds, trusted execution environments, and prediction markets, ending with the power of conditional markets and the future of betting on beliefs.Key InsightsOne of the biggest risks in decentralized finance isn't just market volatility but the fragility of smart contracts. Juan Samitier emphasized that even with million-dollar audits, no code can ever be guaranteed safe, which is why hedging against hacks is essential for asset managers who want institutional capital to enter crypto.Insurance has always been about spreading risk, from 17th century spice ships facing pirates to DeFi protocols facing hackers. The same logic applies today: traders and treasuries are willing to sacrifice a small portion of yield to ensure that catastrophic losses won't wipe out their entire investment.Black swan events expose the limits of financial models, both in traditional finance and crypto. Juan pointed out that while risk models try to account for extreme scenarios, including every possible tail risk makes insurance math break down—a tension that shows why decentralized insurance is still early but necessary.Stablecoins emerged as crypto's attempt to recreate the dollar, but their design choices determine resilience. MakerDAO's DAI and USDS use overcollateralization for stability, while Luna's algorithmic model collapsed under pressure. These experiments mirror historical monetary crises like the Great Depression and Argentina's corralito, reminding us that trust in money is fragile.Argentina's history of inflation and government-imposed bank freezes makes its citizens uniquely receptive to crypto. Samitier explained that even people without financial training understand macroeconomic risks because they live with them daily, which helps explain why Argentina has some of the world's highest adoption of stablecoins and DeFi tools.The path to mainstream DeFi adoption may lie in the intersection of tokenized real-world assets, lending markets, and stablecoin payments. TradFi institutions are already asking how retail users access cheaper loans on-chain, showing that DeFi's efficiency could become the Trojan horse that pulls traditional finance deeper into crypto rails.Looking forward, the fusion of AI with DeFi may transform finance into an information-driven ecosystem. Trusted execution environments, prediction markets, and conditional markets could allow agents to trade on beliefs and probabilities with transparency, blending deterministic blockchains with probabilistic AI—a glimpse of what financial Venice in the information age might look like.

Shoot us a Text.Episode #1133: Cox Automotive Chief Economist Jonathan Smoke joins Paul to talk tariffs, pent-up demand, and why Q3 might be best experienced with a little Abba. It's a data-rich conversation with serious implications for dealers navigating policy shifts, EV adoption, and consumer behavior.ASOTU's coverage of the 45th Annual NAMAD Annual Meeting is brought to you by Connected Dealer Services.Jonathan Smoke, Chief Economist at Cox Automotive, offers a deep dive into today's economic headwinds and consumer sentiment:Tariffs Echo the 1930s: Jonathan compares today's tariffs to policies that sparked the Great Depression, but says their current impact is more of a "roller coaster" than a collapse.Stabilization Surprises: Despite the policy shakeups, consumer spending has rebounded this summer. July auto sales were stronger than expected and August showed continued momentum.7 Million Buyers Still Waiting: Pent-up demand remains real. First-party data from AutoTrader, KBB, and dealer websites shows strong shopping interest, even among buyers still hunting for affordable payments.Best Time in 4 Years to Buy (If You Have Credit): Incentives, leasing deals, and EV discounts make this a prime moment for well-qualified buyers—especially for electrified vehicles.EV Adoption Is Not Slowing Down: July marked the highest market share ever for EVs in the U.S. at 9.1%. EVs are now priced lower than ICE vehicles, and the replacement cycle is kicking in.Electrification Is Inevitable: Jonathan predicts most multi-car households will have at least one EV. He drives a PHEV himself and sees plug-ins as an optimal choice for daily commutes.China May Be the Wildcard: Smoke believes Chinese EVs entering the U.S. market is a matter of when, not if—and that it may be the key to returning to a consistent 17M SAAR.Bonus Track: For Q3, Jonathan's playlist is inspired by ABBA's Gold—think "Money, Money, Money" meets “Gimme! Gimme! Gimme!” as a soundtrack to the Big Beautiful Bill (BBBBA).Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

Featuring Robin D. G. Kelley listening back and reflecting upon old tapes of the interviews with sharecroppers he conducted in the 1980s while researching Hammer and Hoe: Alabama Communists during the Great Depression. This is an episode of Signal Hill, a new audio magazine made by friends of The Dig. Produced by Conor Gillies and edited by Liza Yeager and Omar Etman. Listen to Dan's Dig interview with Robin Kelley on Hammer and Hoe thedigradio.com/podcast/hammer-and-hoe-with-robin-d-g-kelley Buy No Cop City, No Cop World at haymarketbooks.org Support signalhill.fm/support Support The Dig at Patreon.com/TheDig The Dig goes deep into politics everywhere, from labor struggles and political economy to imperialism and immigration. Hosted by Daniel Denvir.

Hey Spooksters! This week we are diving into female serial killer, Anna Marie Hahn aka Arsenic Annie. Anna was active during the Great Depression and always made sure to have her salt shaker of poison with her. Timestamps:00:00 - 4:56 Intro04:57  Anna Marie Hahn Do you want AD FREE episodes published a day EARLY? Join the Spookster Fam at www.patreon.com/3spookedgirls Season 2 of our sister show, Social Seance Society, is OUT NOW, and available on all podcast platforms and on YouTube. ⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠ for more Join our book club, ⁠⁠⁠⁠⁠Spookster Literary Society⁠⁠⁠⁠⁠! Check out the following link for our socials, Patreon, YouTube channel, & more ⁠⁠⁠⁠⁠https://linktr.ee/3spookedgirls⁠⁠⁠⁠⁠Do you have a true crime story or paranormal encounter you'd like to share? Please send us an email over to ⁠⁠⁠⁠⁠3spookedgirls@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠Thank you to ⁠⁠⁠⁠⁠Sarah Hester Ross⁠⁠⁠⁠⁠ for our intro music! Thank you to ⁠⁠⁠⁠⁠Edward October⁠⁠⁠⁠⁠ for our content warning!

Featuring Robin D.G. Kelley listening back and reflecting upon old tapes of the interviews with sharecroppers he conducted in the 1980s while researching Hammer and Hoe: Alabama Communists during the Great Depression. This is an episode of Signal Hill, a new audio magazine made by friends of The Dig. Produced by Conor Gillies and edited by Liza Yeager and Omar Etman. Listen to Dan's Dig interview with Robin Kelley on Hammer and Hoe thedigradio.com/podcast/hammer-and-hoe-with-robin-d-g-kelley Support signalhill.fm/support Support The Dig at Patreon.com/TheDig

John Hamer makes the surprising argument that the Auditorium is, in fact, a Community of Christ temple—a claim even many RLDS members have never heard. Why does he say this? It ties back to the unfinished temple project of the Church of Christ (Temple Lot), also known as the Hedrickites. For a time, the two churches were essentially constructing rival temples side by side on the historic temple lot. Join us as we dive into this fascinating story! https://youtu.be/Ngfz0UTK5l8 John is the co-author of Scattering of the Saints: Schism Within Mormonism. Don't miss our other episodes with John Hamer! https://gospeltangents.com/people/john-hamer/ Copyright © 2025 Gospel Tangents All Rights Reserved The concept and construction of temples have been a central, yet often contentious, aspect of the Restoration movement. While the Church of Jesus Christ of Latter-day Saints (LDS) is well-known for its extensive temple building, other branches of the Restoration tradition have also grappled with their own unique visions and challenges regarding sacred spaces. Historian John Hamer sheds light on the fascinating, and sometimes fraught, history of temple competition and diverse practices among groups like the Community of Christ (formerly RLDS), the Hedrickites, Strangites, and Cutlerites. The Community of Christ's Dual Temple Vision For the Community of Christ, the idea of a "temple" has taken on multiple forms, leading to what some might see as competing sacred spaces. The Auditorium as a Temple: The Community of Christ Auditorium, located on the "greater Temple Lot" in Independence, Missouri, was envisioned by Fred M. Smith as a temple, though he used the modern term "auditorium". Construction began in 1929 during the Great Depression, incurring significant debt. This massive structure, designed for conferences, worship, training, learning, and church headquarters offices, aligned with Joseph Smith III's earlier vision for an Independence temple. Hamer explicitly states that the Auditorium is the temple for the reorganization, a fact often overlooked even within the Community of Christ itself. The Independence Temple: Despite the Auditorium's existence, Fred M. Smith's brother, W. Wallace Smith, who succeeded him as prophet, received revelations about the need to build a temple. This led to the construction of the architecturally magnificent "Spiral Temple," also known as the Community of Christ Temple. Its design incorporates the Fibonacci sequence, symbolizing divine ratios and connecting to ancient Greek civilization, and was a significant draw for Hamer to join the Community of Christ. Hamer suggests that the lack of institutional memory regarding the Auditorium's original purpose might have contributed to the decision to build a second temple. Hedrickites and the Battle for the Temple Lot The Church of Christ (Temple Lot), also know as the Hedrickites the earliest Restoration branch to return to Jackson County, Missouri. They hold a key portion of "the Temple Lot". This property was part of a much larger parcel Edward Partridge originally bought for a total of 24 temples. RLDS Aggression and Backfire: The RLDS Church made aggressive attempts to acquire this land through lawsuits and a "sneaky" plan for "free association". The idea was to absorb the tiny Temple Lot Church, which at the time had minimal active leadership. Otto Fetting/Competing Structures: This plan dramatically backfired when a thousand RLDS members, including Otto Fetting, transferred their membership to the Temple Lot Church. Otto Fetting then began receiving revelations to build a temple, which, strikingly, was designed as an Auditorium-like structure with assembly halls and offices, echoing the former RLDS members' understanding of temples. This created a direct architectural and spiritual competition with the Community of Christ's Auditorium. The Hedrickites believe they found cornerstones for a temple dedicated in th...

*Oops! I said this was episode #149 but it's really #150. I'm a mess! They were young, in love - and armed to the teeth. Bonnie Parker and Clyde Barrow went from small town nobodies to America's most wanted in the middle of the Great Depression. But behind the headlines and those infamous photos was a gritty tale of violence, desperation, and doomed romance. In this episode, Melissa takes Daniel deep inside the "true" story of Bonnie and Clyde: how they met, why they ran, and the deadly ambush that ended it all. This is the legendary outlaw love story we only thought we knew.

As the Great Depression spreads across the globe, Bulgaria is particularly vulnerable for a multitude of reasons. Meanwhile, the country's bachelor king finally finds love. Supporters like you make this podcast happen! Check out www.patreon.com/bulgarianhistorypodcast to see the great perks you can get for supporting us. You can find images for this episode at: www.bghistorypodcast.com/post/239-love-and-depression Learn more about the book and sign up for updates here: thisisbulgaria.org/state-suilders-from-the-steppe/

Send us a textCongressional Representative Celeste Maloy discusses energy needs, economic policy, and public land management while reflecting on America's approaching 250th anniversary.• AI searches on smartphones require as much energy as driving an electric vehicle for a kilometer, highlighting our growing energy demands• The "Big Beautiful Bill" made Trump tax cuts permanent, eliminated taxes on first $25K in tips, expanded child tax credit, and supported small businesses• Medicaid and SNAP reforms aim to return to pre-COVID spending levels while ensuring benefits reach intended recipients• Land transfer amendments for Washington County infrastructure faced opposition despite targeting specific parcels for roads, trails and water systems• Legislation to help the Shivowitz Band of Paiute Indians develop their land would allow limited waivers of sovereignty to make contracts enforceable• America's 250th anniversary provides opportunity to reflect on our resilience through Civil War, Great Depression and other challengesFind Celeste Maloy here:https://maloy.house.gov/Looking for a Real Estate expert? Find us here!www.wealth435.comhttps://linktr.ee/wealth435Below are our wonderful friends!Find FS Coffee here:https://fscoffeecompany.com/Find Tuacahn Amphitheater here:https://www.tuacahn.org/Find Blue Form Media here:https://www.blueformmedia.com/ [00:00:00] The 435 Podcast Introduction[00:08:38] Energy Demands of AI Technology [00:13:05] Misconceptions About the "Big Beautiful Bill" [00:14:29] Making Trump Tax Cuts Permanent [00:27:37] Utah's Position for Energy Development [00:32:17] Public Land Debates and Amendments [00:36:33] Shivowitz Band Development Bill [00:40:10] America's 250th Anniversary Reflection 

On this episode of Go Gaddis Real Estate Radio, we unpack billionaire investor Bill Ackman's bold new idea: merging Fannie Mae and Freddie Mac into one giant “mortgage super-company.” What would this mean for homeowners, buyers, and the U.S. housing market? I'll walk you through the history of Fannie and Freddie—from their origins in the Great Depression and the 1970s, through the $191 billion bailout during the 2008 financial crisis, to today where they still back roughly half of all U.S. mortgages. We'll explore why Ackman believes combining them could lower costs, streamline oversight, and potentially cut mortgage rates for everyday borrowers. But it's not all upside. Could putting so much power into one company create a massive single point of failure? Would an IPO truly help taxpayers—or just Wall Street investors? And what political battles stand in the way of reform? If you're thinking about buying, selling, or refinancing, this discussion matters. Even a small change in mortgage rates can save—or cost—you tens of thousands of dollars over the life of a loan. Tune in to hear my take on what this proposed merger could mean for Metro Atlanta homeowners, buyers, and the future of housing in America. And don't miss our next segment, where we break down contingent offers—how they work and when they might be the key to making your next move.

Tonight, we'll read  “Pop Corn Recipes” by Mary Hamilton Talbott, published in 1916.  Corn was domesticated about 10,000 years ago, in what is now Mexico. Archaeologists discovered that people have known about popcorn for thousands of years. Fossil evidence from Peru suggests that corn was popped as early as 4,700 BC. Through the 19th century, popping of the kernels was achieved by hand, on stove tops. During the Great Depression, popcorn was fairly inexpensive at 5–10 cents a bag and became popular. Thus, while other businesses failed, the popcorn business thrived and became a source of income for many struggling farmers, including the Redenbacher family. The snack was popular at theaters, much to the initial displeasure of many of the theater owners, who thought it distracted from the films. Their minds eventually changed, however, and Popcorn became more profitable than theater tickets. — read by 'V' — Sign up for Snoozecast+ to get expanded, ad-free access by going to snoozecast.com/plus! Learn more about your ad choices. Visit megaphone.fm/adchoices

Title: How You Can Win Trump's Tariff War  Summary: The video hosted by Seth Bradley discusses the potential economic implications of President Trump's aggressive tariff policies and how they might present unique opportunities for wealth building in America amidst global economic upheaval. Bradley explains that tariffs—essentially taxes on imports—are economic tools that can protect domestic industries but also lead to broader economic challenges, particularly if not applied thoughtfully. He outlines the dynamics of Trump's tariff strategy, including a systematic and reciprocal approach to trade that could reshape relationships with various countries.   Seth Bradley emphasizes that while the stock market is experiencing volatility and media outlets are reacting negatively, there are underlying opportunities that savvy investors should seize. He advocates for a focus on U.S. manufacturing and infrastructure, energy independence, and advancements in AI and automation as key areas for investment. The video posits that although immediate challenges like inflation and retaliation from trade partners are likely, the long-term outlook sees a potential reshoring of American industry, a reemergence of economic sovereignty, and ultimately an empowered U.S. economy. Links to Watch and Subscribe: https://www.youtube.com/watch?v=DgWxz_V0lPk&list=PLSfheWyV7beFqERLX4ebBUJ4SmzmF6z8e&index=2 Bullet Point Highlights: Market Volatility: The stock market sees a significant downturn as tariffs take effect, presenting both challenges and opportunities. Tariff Strategy: Trump's tariffs are described as calculated economic warfare, designed to compel countries to negotiate trade terms. Manufacturing Reshoring: The video advocates for investing in U.S.-based manufacturing as companies look to bring jobs back onshore. Energy Independence: Emerging opportunities in U.S. energy production are highlighted amid tariffs hurting foreign oil imports. AI and Automation: The potential for AI-driven solutions to replace expensive offshore labor costs is discussed as a strategic investment avenue. Investment Strategies: Three key strategies are proposed for capitalizing on the unique economic landscape: investing in infrastructure, energy, and AI technologies. Vision for the Future: The potential long-term benefits of Trump's tariff policies are framed as a chance to reset trade imbalances and promote U.S. economic strength. Transcript: (Seth Bradley) Trump just broke the global economy and it might be the best thing to happen to America in decades. The stock market is crashing. China, Mexico, Canada, they're retaliating. The mainstream media is melting down. But the truth, if you understand what's really going on, this might be the single greatest opportunity of the decade to build wealth. So, let's break it down. No fluff, just facts. What's up, big brains? Welcome back to Raise the Bar, where I simplify complex money, legal, and political moves so you   can make power plays in real time. I'm Seth Bradley, securities attorney, founder, and investor, and I quit a multiple six-f figureure big law job to pursue entrepreneurship and a life without limits. Today, I'm giving you the truth about tariffs, Trump's Liberation Day, and how to turn this global shakeup into your personal leverage point. All right, let's get it. Let's start out with the basics. So, what exactly is a tariff? At its core, a tariff is a tax on imports. That's right. It is a tax. When a foreign   company sells goods into the US, the government slaps on a tax, usually a percentage of the total value. So, if a car from Germany costs 50k and there's a 10% tariff, then that car now costs $55,000 to bring into the US. So, who pays the tariff? Well, it's US importers, not the foreign shippers. And yes, it trickles down to you, the consumer, right here in the US. But tariffs aren't just taxes. They're economic weapons. And right now, Trump's using them with either surgical precision or as a nuclear bomb,   depending on how you look at it. All right. To know where you're going to go, you have to know where you come from. Tariffs go way back in American history. It's not anything new. And in fact, before the IRS, tariffs were how we paid for the entire federal government, rather than through, let's say, income taxes, property, capital gains taxes, and all these other taxes that we all just know and love today. Tariffs haven't always resulted in good or bad for the US. It's a mixed bag. Alexander Hamilton pushed for tariffs to protect   US industry. Success, yes. Abraham Lincoln used them to industrialize the North during the Civil War. Success, yes. But in the 1930s, the Smooth Holly Tariff Act backfired hard, triggering a trade war that deepened the Great Depression. So, not always successful. Tariffs can protect jobs and industries, but if they're too extreme or poorly timed, they can tank the economy. So, the key is strategy. And whether or not you believe in Trump, he's playing chess here, not checkers. Something you never   used to associate with Trump is humble, but he has come a long way and is humble enough to at least have some of the greatest economic minds in his corner. So, they have a business-minded mentality, and that's exactly what this is. We need to stop treating the government like it's aing goodwill. It's not here to give you for free, and it's certainly not here to take what's yours. It's here to work for you, for what the people want, and decide through a democratic process what to do. Once upon a time, we literally became a   country because we wanted independence, self-sufficiency, and freedom. We chose to break free from overt taxation, oppression, control, regulation, and government oversight. What's happening in 2025? In case you missed it, let's get caught up right now. Trump has declared Liberation Day and followed up with the most aggressive global tariff policy in modern history. A minimum of 10% tariffs on every import into the US, up to 60% tariffs on China. That changes every single day though. Reciprocal   tariffs on all countries. If a country charges us 25%, we charge them 25% back. But that's not exactly true. And we'll get into more of that later. Canada and Mexico not exempt. This isn't just about China. It's about a full global reset. So the kicker is formula based. Trump's trade team built a publicly disclosed algorithm that adjusts tariff rates based on countries how countries treat the US exports. It's dynamic. is constantly changing. It updates monthly. This isn't random. It's calculated   economic warfare. All right, next. Now that it's in effect, what's happening? Well, you're seeing it. Wall Street is panicking. S&P 500 is down 14% in the first two weeks. Tech stocks are plummeting. Elon Musk just posted on X that supply chain realignment is overdue and this pain is necessary. Mexico is negotiating. Canada's threatening retaliation, but also showing signs of blinking. China, they're digging the toes in, but there's exports that are suffering. You just won't hear all this stuff on CNBC, but you know, many of   these global players are coming to the table. Tariffs are doing exactly what they're designed to do. Force negotiation, good or bad. Trump's move is forcing every country to rethink dependence on the US consumer. And not just that, it's forcing us to rethink how we depend on them. All right, let's set the record straight on a few of these common things that are floating around here. One, tariffs only hurt the other country. That's totally wrong. US businesses and consumers feel the sting, and we will. We are, at least   at first. Sometimes you're going to hear this is just economic nationalism. But that's also wrong. This is about strategic leverage, not about isolating us. Third, it's inflationary in the short term. This is true. But if local supply chains relocize, prices stabilize and strengthen the domestic economy and we'll be good to go. But right now, we're feeling it. Next, tariffs can bring manufacturing back. This is true. Maybe, and we're already seeing US factories reannounced, reopenings in Michigan, Ohio, Pennsylvania, places   like that. And we've seen trillions of dollars of investment promises rolling in already. But if this steers us into a deep recession, companies won't have the resources or confidence to build. All right. So, what's my prediction? And some of these aren't even predictions cuz they're happening right now. Are risks, short-term inflation, price increases, stock market volatility, retaliation from trade partners. These things are already happening. So, they're probably just going to escalate for the near future.   But the potential upsides, reshoring of manufacturing, massive supply chain independence, huge massive negotiation leverage for better and at the very least equal trade terms. Stronger US dollars, capital fleas, unstable markets abroad. Those are all massive positives, but they're not going to happen overnight. So, what's my prediction? short-term pain, long-term economic sovereignty, but we're entering a serious rebalancing period, and the US is reasserting its economic power. And while it hurts now, this could finally   reset the broken trade game that's been bleeding our economy dry for decades and would eventually take us down. All right, so what do we do about it? We need to capitalize. So, what are the three smartest ways to capitalize on Trump's 2025 tariffs? There are lots of unknowns and unpredictability in business. But one thing is always true. When there's panic in the streets, there is massive opportunity somewhere and there's going to be wealth transfer. For those with cool heads, fortitude, and discipline, we can win. So, what am I   doing? And what can you do to capitalize on all of this unpredictability? All right. Strategy number one, invest in US manufacturing and infrastructure. Tariffs equal a return to Americanmade. Full stop. Trump's reciprocal tariffs aren't just economic sanctions. They're a forced reshoring event here in the US. Global trade is breaking. Supply chains are rerouting. Countries like China, Mexico, and Canada, they're scrambling to adjust. And meanwhile, America is rebuilding. This is your moment to build   wealth while the rest of the market panics. So, how do we actually do this? Play number one, invest passively in the U in industrial and infrastructure projects. Tap into private equity funds, syndications, or REIT alternatives that focus on, of course, manufacturing facilities, US-based supply chain logistics, cold storage, and warehouse assets, transportation, freight infrastructure, that stuff works, too. These funds are just pouring into the reshoring initiatives, not just from the government, but from Fortune 500   companies rethinking their risk exposure. Play number two for my capital raisers out there. Raise capital for experienced sponsors in the same space. If you're not the operator, but you've got a network, become a capital aggregator. Use SPVS or fund of funds models like TriVest to compliantly pull investor capital into high quality US industrial and infrastructure deals. Bring your network along. Bring limited partners into deals with better terms, higher leverage, and strategic upside. Focus on experienced sponsors. Of   course, do your due diligence. Make sure they have a track record in industrial real estate or again critical infrastructure. All right, play number three. If you have the resources, buy directly. Also got to have the knowhow, right? Focus on manufacturing assets, warehouses near growing ports, logistics hubs, things like that. Make sure you have a boots on the ground partner if it's not you in that local market. Think markets like Columbus, Kansas City. These cities are turning into many powerhouses as global shipping patterns   shift inland. Bonus play, buy dirt where the roads are going. Right? So, if you're into residential and you don't know anything about industrial and you're not comfortable with it, think about residential and mixed juice land near inland ports, new highways, industrial corridors, growth zones, things like that. These plays won't necessarily cash flow day one, but they will appreciate like crazy over the next 3 to 5 years as that infrastructure is finally built out. Strategy number two, energy independence investing. If   manufacturing is the body, energy is the blood, where are you going to power this thing from? Trump's tariffs are slamming foreign oil and renewables equipment. And that gives domestic US producers, especially in oil and gas and renewables such as batteries, an unmatched advantage. And with the world watching this tariff war unfold, there's one thing everyone agrees on. Energy is national security right now. So what do you do? Play number one, invest passively, of course, in US energy assets, oil and gas royalties, own a   slice of production without the drilling risk. You have to dig deep into those documents and see what you're getting yourself into. There's a lot of different oil and gas funds that are structured in different ways and have different tax incentives versus cash flow. So, make sure you dig deep into that. Also look at battery manufacturers like Stack Rack Battery, especially US-based ones, solar developers, those leveraging domestic supply chains. Look for funds and startups focused on energy independence, not just ESG headlines.   Real world example, I had mentioned StackRrack battery. I co-founded StackRrack, a US-based modular battery company. And we're not just producing batteries, we're part of the national grid modernized push. Our battery systems are designed, they're assembled, and they're shipped right here in the US. We're ULcertified, scalable, and recession resistant. And tariffs just gave us a built-in mode. This is exactly what happens when policy meets opportunity. You just have to open your eyes and find those right opportunities.   And a bonus here, tax credit tailwinds. The US is still offering massive tax credits under the Inflation Reduction Act, for now at least. Pair that with import based price increases and you've got a once in a decade profit window. And building on that, what's your capital aggregator play? If you don't want to operate, partner with fund managers or sponsors deploying capital into these sectors, be the legal, the capital raising or the strategic partner in high demand governmentbacked tariff fueled energy projects. My law firm,   Raise Law, can help you build any capital raising structure you can imagine. So feel free to reach out. All right, strategy number three, back or build AIdriven alternatives to offshore labor. Tariffs don't just hit goods, they hit services, too. Let me explain. Think about it. If China, Mexico, or Canada are now more expensive to work with because of reciprocal tariffs, that raises the cost of offshore labor. So, enter what's happening right now. AI, automation, US-based software. This is your moment to kill the middleman.   Reduce labor cost and automate what is already going to be offshored. This is your moment to kill the middleman. Reduce labor cost and automate what was once offshored in different countries. So here we go. Play number one. Build or invest in AI tools that replace outsource labor. Think about jobs like customer service, document review and data entry, uh logistics coordination, manufacturing floor labor, things like that. It's not sci-fi. The LLMs and the manufacturing robotics are ready today and the opportunity is right now. All   right, so step-by-step action plan. Identify high friction outsource tasks that just got more expensive. Right. Next, what's the capital aggregator play? partner with early stage AI founders or companies. Use your network expertise or capital raising jobs to make strategic investments or even try to leverage an advisory equity position or a role in a startup in these sectors. I've done it and feel free to reach out and I can tell you more about how I've done it. So, pro tip though, don't just invest in AI for the sake of it. Invest   in AI that displaces foreign labor. That's where the pressure is. That's where the real value will be. This is the moment most people will fear. We're in it right now and a few smart ones will capitalize. Tariffs are just the first shot in a major larger realignment. And if you're able to stay calm, not get caught up in all the political nonsense. This is a time where real wealth changes hands. Keep your mind clear, keep your eyes open, and if this breakdown helped you see the game clearer, smash that subscribe button,   drop a comment with your take on Trump's global economic strategy, and let me know, are you playing offense or defense? Keep your head in the game. Raise the bar, baby. Until next time, enjoy the journey. 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The Signal Beneath the Noise Serious operators obsess over the next print, but my podcast/YouTube guest this week, Bankrate senior economic analyst, Mark Hamrick, argues the industry is missing the structural signals that actually set the cost of capital and shape demand.   Start with this premise: Data credibility is a macro variable.   When the quality of national jobs and inflation statistics is questioned, it is not just an esoteric Beltway quarrel; it becomes a pricing input for Treasuries and, by extension, mortgages, construction loans and exit cap rates.   As Hamrick puts it, the path to good decisions for households, enterprises and policymakers ‘is lined by high quality economic data, most of which is generated by the federal government.' Hamrick's concern is not theoretical. He links the chain plainly: if markets doubt the numbers guiding the Federal Reserve's dual mandate, you can ‘envision a scenario where there's less demand for our Treasury debt,' forcing higher yields to clear supply – an economy‑wide tax that lifts borrowing costs from mortgages to autos and narrows the Fed's room to maneuver.   What Happens If Trust Erodes? The near‑term catalyst for this anxiety is unusual: the Labor Department's head statistician was fired after unfavorable revisions, and an underqualified nominee has floated ideas as extreme as not publishing the data at all. Hamrick's advice for investors and executives is simple: pay attention. This may not break the system tomorrow, but it introduces risk premia where none previously existed.   Through a real estate lens, the translation is straightforward.   Underwriting already contends with volatile inputs on rents, expenses and exit liquidity; add a credibility discount on macro data and your discount rate moves against you. Prudent sponsors should stress‑test deals for a modest upward shock in base rates – an echo of Hamrick's ‘economy‑wide tax' – and consider how thinner debt markets would propagate through construction starts and refis.   Housing's Lock‑In: Inventory, Not Prices, Is the Release Valve The ‘lock‑in effect' remains the defining feature of U.S. housing. Owners sitting on sub‑3% mortgages are rationally immobile, starving resale inventory and suppressing household formation mobility, a dynamic Hamrick equates with today's ‘no hire, no fire' labor market: stable but sluggish churn. Builders fill some of the gap, but affordability remains constrained by national price firmness and still‑elevated mortgage rates relative to the pandemic trough.   What happens if mortgage rates dip to 6.25% or even 5.5%? Don't expect a binary ‘unlock.' Hamrick argues for incremental improvement rather than a light switch: lower rates would expand qualification and appetite gradually, and, crucially, free inventory. He is less worried that cheaper financing simply bids up prices; the supply response from would‑be sellers is the more powerful margin effect.   For operators underwriting for‑sale housing (build to rent or single-family home developments), the tactical read is to focus on markets where latent move‑up sellers dominate and where new‑home concessions currently set the comp stack. He also reminds us of the persistent, national‑level truth: prices have been unusually firm for years; in the U.S., homeownership is still the primary path to wealth – advantage owners, disadvantage non‑owners.   Wealth Transfer: Inequality In, Inequality Out The widely cited $84 trillion Boomer‑to‑GenX/Millennial wealth transfer via inheritance won't repair the middle class. It will mainly perpetuate asset inequality: assets beget assets, and the recipients most likely to inherit are already nearer the ‘have' column. That implies continuing bifurcation in housing demand (prime school districts, high‑amenity suburbs) alongside a renter cohort optimizing for cash‑flow goals rather than equity growth. For CRE, that supports a barbell: high‑income suburban nodes + durable rental demand where incomes grow but deposits lag.   Renting Without Shame and the Budget Reality Check Hamrick is refreshingly direct: there is no shame in renting as, perhaps, there used to be. For many households, renting is a rational bridge to other financial goals; build emergency savings, avoid surprise home maintenance expenses, and keep debt service from getting ‘too far out over your skis.'   For CRE owners, this fortifies the case for professionally managed rental product with transparent total‑cost‑of‑living and flexible lease options. For lenders, it argues for cautious debt-to-income ratios and expense reserves in first‑time buyer programs.   Tariffs, Inflation, and the New Dashboard Hamrick closes with a monitoring list to stay on top of dominant economic trends: labor market strength (monthly employment; weekly jobless claims), the inflation complex (Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures index (PCE)), and the full housing tape (mortgage rates, existing/new sales, builder confidence, starts) plus, of course, one political‑economy input now impossible to ignore: tariffs, with the effective rate at the highest level since the Great Depression.   For CRE, tariffs are not an abstract: they seep into materials costs, fit‑out budgets, and the headline inflation path that steers the Fed. Sponsors should build tariff scenarios into Guaranteed Maximum Price (GMP) contingencies and model procurement alternates.   Actionable Takeaways for CRE Professionals Price a credibility premium: Run sensitivities for higher Treasury yields if data trust wobbles; Pay attention to how easily the government can sell its debt and the extra yield investors demand on longer bonds. Both shape interest rates, which then filter into real estate cap rates. Underwrite inventory elasticity, not sticker shock: As rates ease, model inventory release ahead of price spikes; focus on submarkets with pent‑up sellers. Lean into renting's rationality: Product that aligns with household cash‑flow priorities will capture durable demand while affordability resets. Track tariffs as a construction line‑item and macro tailwind to inflation: Feed this into budgets and hold periods. My conversation with Mark really brought home how connected real estate is to the bigger capital markets picture. If you want a sense of where cap rates are heading, keep an eye on the bond market – because that's where the story starts.   *** In this series, I cut through the noise to examine how shifting macroeconomic forces and rising geopolitical risk are reshaping real estate investing.   With insights from economists, academics, and seasoned professionals, this show helps investors respond to market uncertainty with clarity, discipline, and a focus on downside protection.    Subscribe to my free newsletter for timely updates, insights, and tools to help you navigate today's volatile real estate landscape. You'll get: Straight talk on what happens when confidence meets correction - no hype, no spin, no fluff. Real implications of macro trends for investors and sponsors with actionable guidance. Insights from real estate professionals who've been through it all before. Visit GowerCrowd.com/subscribe Email: adam@gowercrowd.com Call: 213-761-1000

The Great Depression was the worst economic crisis in U.S. history. Starting in 1929 there was widespread unemployment, poverty, and closing of businesses. The economy continued to spiral downward until 1933 when Franklin Roosevelt became president. His recovery program, known as the New Deal, put millions of people to work, saved millions from homelessness and starvation, rebuilt America's infrastructure, saved capitalism, and maybe even saved democracy in the U.S. 

Aditi Sahasrabuddhe is a political scientist at Brown University and the author of the new book, Banker's Trust: How Social Relations Avert Global Financial Collapse. In Aditi's first appearance on the show, she discusses how central bankers' relationships in the 1920's impacted the global economy, how the ending of those relationships played a part in the Great Depression, how we can apply those principles to the Great Recession and the present, and much more. Check out the transcript for this week's episode, now with links. Recorded on July 30th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:50 - Aditi's Intellectual Journey 00:03:57 - Louis Franck at the National Bank of Belgium 00:05:46 - Relationships and Crisis 00:11:07 - Central Bank Club 00:17:06 - Central Bankers and the Butterfly Effect 00:22:33 - Montagu Norman and Benjamin Strong 00:32:06 - Émile Moreau 00:34:48 - Japan 00:38:11 - Benjamin Strong and the Great Depression 00:48:55 - Great Financial Crisis 00:51:18 - India 00:55:25 - Jerome Powell the Central Banker 00:58:23 - Outro

Kerry Lutz introduced Darryl Schoon, who shared insights from his 2007 predictions regarding a potential economic collapse, attributing the instability to the Federal Reserve's monetary policies. Darryl compared the U.S. economic approach to that of Britain, emphasizing a more aggressive risk-taking culture in America. He discussed historical parallels with the Great Depression, particularly the role of tariffs in worsening economic downturns, and expressed concerns about the current economic landscape in 2025, suggesting that it bears similarities to past crises. Darryl used a toilet analogy to illustrate the role of central banks in maintaining economic stability since 2009, noting that while ongoing monetary support has prevented immediate collapse, it has created unsustainable pressure on the financial system. He highlighted the public's focus on immediate needs rather than the complexities of economic management, stressing the urgency for a more balanced monetary policy. He also pointed out that the predicted economic collapse has been postponed due to quantitative easing, with significant increases in gold prices and warnings from analysts about the bond markets being the next focal point of financial turmoil. Darryl emphasized the growing importance of gold as a leading asset class in 2025, serving as a hedge against various economic uncertainties. He discussed the dynamics of the precious metals market, noting the ongoing short squeeze in silver and the challenges faced by investors. Additionally, he referenced insights from Michael Hartnett of Bank of America regarding an impending debt shock in the U.S. and the potential for a long-term bear market for the dollar. The conversation also touched on the Inslaw case, highlighting the risks faced by individuals attempting to expose sensitive information, underscoring the broader challenges in the current economic and political landscape. Read the article here: https://news.futunn.com/en/post/59092824/trump-says-goodbye-to-rehab-and-embraces-the-golden-triangle?level=5&data_ticket=1755530762629738 Find Darryl here: https://drschoon.com Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe Kerry's New Book “The World According to Martin Armstrong – Conversations with the Master Forecaster” is now a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5  

Episode No. 719 features curator Laura Katzman. Katzman is the curator of "Ben Shahn, On Nonconformity" at the Jewish Museum, New York. Shahn's first US retrospective in nearly 50 years. The exhibition examines Shahn's progressive commitment to the major issues between the Great Depression and the Vietnam War, as well as his exploration of spirituality and Jewish texts. The exhibition features 175 paintings, mural studies, prints, photographs and more, spotlighting Shahn's skill and vision across media. The exhibition debuted at the Museo Nacional Centro de Arte Reina Sofía, Madrid, and was adapted by the Jewish Museum. It's on view through October 26. A catalogue was published by Princeton University Press. Amazon and Bookshop offer it for $32-42.

Born into a tumultuous marriage between Emory and Elva Moad in the midst of the Great Depression, Neota Green's childhood was marked by physical and emotional abuse. The shocking violence that Elva endured at the hands of her husband set the stage for the unraveling of the Moad family—and for the tragedy that would unfold years later.The episode dives deep into the harrowing details of Neota's death on March 24, 1963, a night that began with a social outing and ended in a devastating house fire. As investigators uncovered grisly evidence, including blunt-force trauma to Neota's head and a suspicious blaze that may have been set to cover up a murder, all signs pointed to Neota's companion that night—Ronnie Blankenship, a married man with deep connections to Fort Worth's elite circles.Despite the mounting evidence, Blankenship was acquitted, leaving questions about Neota's death unanswered. Was it a crime of passion, a tragic accident, or something darker, buried in mafia connections and buried secrets?If you have any information about the death of Neota Moad Green, please contact the Tarrant County Sheriff's Office at 817-884-1213.You can support gone cold and listen to the show ad-free at patreon.com/gonecoldpodcastFind us at https://www.gonecold.comFor Gone Cold merch, visit https://gonecold.dashery.comFollow gone cold on Facebook, Instagram, Threads, TikTok, YouTube, and X.Search @gonecoldpodcast at all or just click linknbio.com/gonecoldpodcastSources: The Fort Worth Star-Telegram, The Dallas Morning News, and The Tyler Morning Telegraph. #JusticeForNeotaGreen #Benbrook #FortWorth #TX #Texas #TrueCrime #TexasTrueCrime #ColdCase #TrueCrimePodcast #Podcast #ColdCase #Unsolved #Murder #UnsolvedMurder #UnsolvedMysteries #Homicide #CrimeStories #PodcastRecommendations #CrimeJunkie #MysteryPodcast #TrueCrimeObsessed #CrimeDocs #InvestigationDiscovery #PodcastAddict #TrueCrimeFan #CriminalJustice #ForensicFilesBecome a supporter of this podcast: https://www.spreaker.com/podcast/gone-cold-texas-true-crime--3203003/support.

Let's talk about Trump warning of another great depression....