Podcasts about Great Depression

In this conversation we talk with Garrett Felber about their latest book A Continuous Struggle: The Revolutionary Life of Martin Sostre.  In discussing this new political biography, we cover Sostre's ideological and political journey, history as a jailhouse lawyer, his forms of organizing practice, and the ways that people supported his campaign for freedom from political imprisonment. We talk about the influence of Great Depression era Harlem, Black and Puerto Rican Nationalism, Marxism-Leninism, national liberation movements, armed struggle, Women's Liberation, and Anarchism on Sostre's political thought and practice. Although much of what we know about Martin Sostre has to do with political letters and writings during the time of his incarceration, Felber also shares insights that few know about Sostre's life, community organizing, and institution building on the outside. Garrett Felber is an educator, writer, and organizer. They are the author of Those Who Know Don't Say: The Nation of Islam, the Black Freedom Movement, and the Carceral State, and coauthor of The Portable Malcolm X Reader, with Manning Marable. Felber is a cofounder of the abolitionist collective Study and Struggle and is currently building a radical mobile library, the Free Society People's Library, in Portland, Oregon. Yesterday we hosted Garrett Felber along with Russell Shoatz III on a livestream where we talked about some of the resonances between Martin Sostre's life, political thought, and approaches to political prisoner defense work and that of Russell “Maroon” Shoatz and we also discussed CURBfest which is expanding to the West Coast for the first time this year.  Tomorrow Thursday the 29th we will host a livestream on Sundiata Jawanza's Freedom Campaign including a quickly approaching parole hearing. We encourage all of you to go to the website and send letters of support for his release. The website says that letters were due on May 19th, but there is still just a little time if you can get a letter in the mail today or at least submit one electronically or contribute to the legal support fund that would be great.  There are a number of other initiatives we want to share related to this episode, the campaign to free the Mississippi 5 which Garrett Felber mentions in this episode and the exoneration effort for Martin Sostre and his codefendant who is still with Geraldine (Robinson) Pointer. Links for that are in the show description. If you like the work that we do, please contribute to our patreon or BuyMeACoffee accounts. These episodes each take hours of preparation, recording time, and production time and listeners like you are the only means of support for that work. Over the last month we've seen a 10% decline in recurring support. We know people are under financial strain right now, but if more of you who listen are able to contribute even a dollar a month it helps make this show possible and sustainable. Thank you for your support! Links:  Martin Sostre and Geraldine (Robinson) Pointer's names should have been cleared after they were framed. By signing and adding your name, you're supporting our effort to make what's been delayed for far too long a reality for these two transformational former political prisoners (Petition / for more information) Sundiata Jawanza (livestream, legal support fund, website, Jericho Movement page) Free the Mississippi 5 Garrett Felber along with Russell Shoatz III on a (MAKC) livestream Those Who Know Don't Say: The Nation of Islam, the Black Freedom Movement, and the Carceral State (MAKC episode) A Continuous Struggle: The Revolutionary Life of Martin Sostre (version for people outside the walls/ incarcerated readers edition) Martin Sostre - Letters From Prison Orisanmi Burton episode on the Rx Program       

In this fiery episode, Tara and Lee dismantle the false financial narratives pushed by Wall Street elites and the mainstream media. Remember April? It was supposed to be the worst stock market month since the Great Depression—thanks to Trump's tariffs. But instead? Consumer confidence soared, stocks rebounded, and mom-and-pop investors held strong while hedge funds quietly bought back in. Tara exposes how fear-mongering was weaponized to sabotage Trump and mislead the public—again. The second half turns local and political, diving deep into why Senator Lindsey Graham continues to survive primary challenges in South Carolina despite widespread grassroots opposition. From open primaries to the influence of K Street money and Charleston moderates, Tara and Lee break down how the state's political machine keeps conservatives sidelined. This episode is a sharp wake-up call for investors, voters, and anyone fed up with being gaslit by both Wall Street and Washington.

https://youtu.be/jLEO9Gbba0kMatt and Sean talk about the scramble to develop AI that could undermine the very underpinnings of … well… everything. Don't panic. (Yet.)Watch the Undecided with Matt Ferrell episode, Why the AI Revolution Has a Fatal Flaw https://youtu.be/hBfhd88DCZA?list=PLnTSM-ORSgi7uzySCXq8VXhodHB5B5OiQ(00:00) - - Intro & Feedback (10:45) - - The AI Paradox Discussion YouTube version of the podcast: https://www.youtube.com/stilltbdpodcastGet in touch: https://undecidedmf.com/podcast-feedbackSupport the show: https://pod.fan/still-to-be-determinedFollow us on X: @stilltbdfm @byseanferrell @mattferrell or @undecidedmfUndecided with Matt Ferrell: https://www.youtube.com/undecidedmf ★ Support this podcast ★

More of the craziest reviews on the internet! We get into some summer fun with some complaints about a Six Flags park where the lines may take up most of your day, and your honeymoon. A potato chip that makes you feel like you live during The Great Depression, and may, or may not smell like dog paws. A Psychic that may approach you with a sales pitch about demons in your chakra & much more!!Join comedians James Pietragallo and Jimmie Whisman as they explore the most opinionated part of the internet: The Reviews Section!Subscribe and we will see you every Monday with Your Stupid Opinions!!!Don't forget to rate & review!!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Stephanie Stuckey. The chair of Stuckey’s, a historic snack and candy company. She shares her journey of revitalizing the brand, her family’s legacy, and the importance of entrepreneurship and branding.

The Great Depression is a historical period best told through on-the-ground stories. Here is just a smattering of what it looked like in Arizona.

ITR Economics has been predicting a “Great Depression” beginning around 2030. Over the past seven years, I've had multiple representatives from their firm on the show, and they've never wavered from that forecast. That might not sound so alarming—until you realize that their long-term predictive track record is 94% accurate over the last 70 years. To understand why their conviction is so strong, tune into this week's episode of Wealth Formula Podcast. Once you hear the reasoning, it'll all make sense. The major drivers of this projected economic downturn are debt and demographics. We're spending unsustainably on entitlement programs like Medicare and Medicaid—programs that virtually no politician has the appetite to reform. At the same time, the Baby Boomers—who make up a huge chunk of the U.S. population—are moving out of the workforce and into retirement, where they'll become a significant economic burden. It seems inevitable. But as you listen, I want to introduce one wild card that could change everything: artificial intelligence. I truly believe we're on the cusp of a technological transformation that could rival the Industrial Revolution. Think back to when Thomas Malthus predicted global famine due to population growth. What he didn't account for was the invention of the tractor, which revolutionized food production. In the same way, we may be underestimating the impact of the robotic age driven by artificial intelligence. Right now, economic growth is tied closely to the size of a country's working population. But what if AI allows us to dramatically increase productivity with the same—or even a smaller—workforce? What if robotics drives a low-cost manufacturing renaissance in the U.S., making us competitive again without relying on cheap labor from overseas? In my view, these are the most important questions in American economics over the next decade. And to understand just how critical it is that we get this right, this week's episode lays it out clearly: the alternative may look a lot like the 1930s. Learn more about ITR and their resources: https://hubs.la/Q03kw-Fs0

Good Sunday morning to you,I am just on a train home from Glasgow, where I have been gigging these past two nights. I've had a great time, as I always seem to do when I go north of the wall.But Glasgow on a Saturday night is something else. My hotel was right next to the station and so I was right in the thick of it. If I ever get to make a cacatopian, end-of-days, post-apocalyptic thriller, I'll just stroll through Glasgow city centre on a Friday or Saturday night with a camera to get all the B roll. It was like walking through a Hieronymus Bosch painting only with a Scottish accent. Little seems to have changed since I wrote that infamous chapter about Glasgow in Life After the State all those years ago. The only difference is that now it's more multi-ethnic. So many people are so off their heads. I lost count of the number of randoms wandering about just howling at the stars. The long days - it was still light at 10 o'clock - make the insanity all the more visible. Part of me finds it funny, but another part of me finds it so very sad that so many people let themselves get into this condition. It prompted me to revisit said chapter, and I offer it today as your Sunday thought piece.Just a couple of little notes, before we begin. This caught my eye on Friday. Our favourite uranium tech company, Lightbridge Fuels (NASDAQ:LTBR), has taken off again with Donald Trump's statement that he is going to quadruple US nuclear capacity. The stock was up 45% in a day. We first looked at it in October at $3. It hit $15 on Friday. It's one to sell on the spikes and buy on the dips, as this incredible chart shows.(In other news I have now listened twice to the Comstock Lode AGM, and I'll report back on that shortly too). ICYMI here is my mid-week commentary, which attracted a lot of attentionRight - Glasgow.(NB I haven't included references here. Needless to say, they are all there in the book. And sorry I don't have access to the audio of me reading this from my laptop, but, if you like, you can get the audiobook at Audible, Apple Books and all good audiobookshops. The book itself available at Amazon, Apple Books et al).How the Most Entrepreneurial City in Europe Became Its SickestThe cause of waves of unemployment is not capitalism, but governments …Friedrich Hayek, economist and philosopherIn the 18th and 19th centuries, the city of Glasgow in Scotland became enormously, stupendously rich. It happened quite organically, without planning. An entrepreneurial people reacted to their circumstances and, over time, turned Glasgow into an industrial and economic centre of such might that, by the turn of the 20th century, Glasgow was producing half the tonnage of Britain's ships and a quarter of all locomotives in the world. (Not unlike China's industrial dominance today). It was regarded as the best-governed city in Europe and popular histories compared it to the great imperial cities of Venice and Rome. It became known as the ‘Second City of the British Empire'.Barely 100 years later, it is the heroin capital of the UK, the murder capital of the UK and its East End, once home to Europe's largest steelworks, has been dubbed ‘the benefits capital of the UK'. Glasgow is Britain's fattest city: its men have Britain's lowest life expectancy – on a par with Palestine and Albania – and its unemployment rate is 50% higher than the rest of the UK.How did Glasgow manage all that?The growth in Glasgow's economic fortunes began in the latter part of the 17th century and the early 18th century. First, the city's location in the west of Scotland at the mouth of the river Clyde meant that it lay in the path of the trade winds and at least 100 nautical miles closer to America's east coast than other British ports – 200 miles closer than London. In the days before fossil fuels (which only found widespread use in shipping in the second half of the 19th century) the journey to Virginia was some two weeks shorter than the same journey from London or many of the other ports in Britain and Europe. Even modern sailors describe how easy the port of Glasgow is to navigate. Second, when England was at war with France – as it was repeatedly between 1688 and 1815 – ships travelling to Glasgow were less vulnerable than those travelling to ports further south. Glasgow's merchants took advantage and, by the early 18th century, the city had begun to assert itself as a trading hub. Manufactured goods were carried from Britain and Europe to North America and the Caribbean, where they were traded for increasingly popular commodities such as tobacco, cotton and sugar.Through the 18th century, the Glasgow merchants' business networks spread, and they took steps to further accelerate trade. New ships were introduced, bigger than those of rival ports, with fore and aft sails that enabled them to sail closer to the wind and reduce journey times. Trading posts were built to ensure that cargo was gathered and stored for collection, so that ships wouldn't swing idly at anchor. By the 1760s Glasgow had a 50% share of the tobacco trade – as much as the rest of Britain's ports combined. While the English merchants simply sold American tobacco in Europe at a profit, the Glaswegians actually extended credit to American farmers against future production (a bit like a crop future today, where a crop to be grown at a later date is sold now). The Virginia farmers could then use this credit to buy European goods, which the Glaswegians were only too happy to supply. This brought about the rise of financial institutions such as the Glasgow Ship Bank and the Glasgow Thistle Bank, which would later become part of the now-bailed-out, taxpayer-owned Royal Bank of Scotland (RBS).Their practices paid rewards. Glasgow's merchants earned a great deal of money. They built glamorous homes and large churches and, it seems, took on aristocratic airs – hence they became known as the ‘Tobacco Lords'. Numbering among them were Buchanan, Dunlop, Ingram, Wilson, Oswald, Cochrane and Glassford, all of whom had streets in the Merchant City district of Glasgow named after them (other streets, such as Virginia Street and Jamaica Street, refer to their trade destinations). In 1771, over 47 million pounds of tobacco were imported.However, the credit the Glaswegians extended to American tobacco farmers would backfire. The debts incurred by the tobacco farmers – which included future presidents George Washington and Thomas Jefferson (who almost lost his farm as a result) – grew, and were among the grievances when the American War of Independence came in 1775. That war destroyed the tobacco trade for the Glaswegians. Much of the money that was owed to them was never repaid. Many of their plantations were lost. But the Glaswegians were entrepreneurial and they adapted. They moved on to other businesses, particularly cotton.By the 19th century, all sorts of local industry had emerged around the goods traded in the city. It was producing and exporting textiles, chemicals, engineered goods and steel. River engineering projects to dredge and deepen the Clyde (with a view to forming a deep- water port) had begun in 1768 and they would enable shipbuilding to become a major industry on the upper reaches of the river, pioneered by industrialists such as Robert Napier and John Elder. The final stretch of the Monkland Canal, linking the Forth and Clyde Canal at Port Dundas, was opened in 1795, facilitating access to the iron-ore and coal mines of Lanarkshire.The move to fossil-fuelled shipping in the latter 19th century destroyed the advantages that the trade winds had given Glasgow. But it didn't matter. Again, the people adapted. By the turn of the 20th century the Second City of the British Empire had become a world centre of industry and heavy engineering. It has been estimated that, between 1870 and 1914, it produced as much as one-fifth of the world's ships, and half of Britain's tonnage. Among the 25,000 ships it produced were some of the greatest ever built: the Cutty Sark, the Queen Mary, HMS Hood, the Lusitania, the Glenlee tall ship and even the iconic Mississippi paddle steamer, the Delta Queen. It had also become a centre for locomotive manufacture and, shortly after the turn of the 20th century, could boast the largest concentration of locomotive building works in Europe.It was not just Glasgow's industry and wealth that was so gargantuan. The city's contribution to mankind – made possible by the innovation and progress that comes with booming economies – would also have an international impact. Many great inventors either hailed from Glasgow or moved there to study or work. There's James Watt, for example, whose improvements to the steam engine were fundamental to the Industrial Revolution. One of Watt's employees, William Murdoch, has been dubbed ‘the Scot who lit the world' – he invented gas lighting, a new kind of steam cannon and waterproof paint. Charles MacIntosh gave us the raincoat. James Young, the chemist dubbed as ‘the father of the oil industry', gave us paraffin. William Thomson, known as Lord Kelvin, developed the science of thermodynamics, formulating the Kelvin scale of absolute temperature; he also managed the laying of the first transatlantic telegraph cable.The turning point in the economic fortunes of Glasgow – indeed, of industrial Britain – was WWI. Both have been in decline ever since. By the end of the war, the British were drained, both emotionally and in terms of capital and manpower; the workers, the entrepreneurs, the ideas men, too many of them were dead or incapacitated. There was insufficient money and no appetite to invest. The post-war recession, and later the Great Depression, did little to help. The trend of the city was now one of inexorable economic decline.If Glasgow was the home of shipping and industry in 19th-century Britain, it became the home of socialism in the 20th century. Known by some as the ‘Red Clydeside' movement, the socialist tide in Scotland actually pre-dated the First World War. In 1906 came the city's first Labour Member of Parliament (MP), George Barnes – prior to that its seven MPs were all Conservatives or Liberal Unionists. In the spring of 1911, 11,000 workers at the Singer sewing-machine factory (run by an American corporation in Clydebank) went on strike to support 12 women who were protesting about new work practices. Singer sacked 400 workers, but the movement was growing – as was labour unrest. In the four years between 1910 and 1914 Clydebank workers spent four times as many days on strike than in the whole of the previous decade. The Scottish Trades Union Congress and its affiliations saw membership rise from 129,000 in 1909 to 230,000 in 1914.20The rise in discontent had much to do with Glasgow's housing. Conditions were bad, there was overcrowding, bad sanitation, housing was close to dirty, noxious and deafening industry. Unions grew quite organically to protect the interests of their members.Then came WWI, and inflation, as Britain all but abandoned gold. In 1915 many landlords responded by attempting to increase rent, but with their young men on the Western front, those left behind didn't have the means to pay these higher costs. If they couldn't, eviction soon followed. In Govan, an area of Glasgow where shipbuilding was the main occupation, women – now in the majority with so many men gone – organized opposition to the rent increases. There are photographs showing women blocking the entrance to tenements; officers who did get inside to evict tenants are said to have had their trousers pulled down.The landlords were attacked for being unpatriotic. Placards read: ‘While our men are fighting on the front line,the landlord is attacking us at home.' The strikes spread to other cities throughout the UK, and on 27 November 1915 the government introduced legislation to restrict rents to the pre-war level. The strikers were placated. They had won. The government was happy; it had dealt with the problem. The landlords lost out.In the aftermath of the Russian Revolution of 1917, more frequent strikes crippled the city. In 1919 the ‘Bloody Friday' uprising prompted the prime minister, David Lloyd George, to deploy 10,000 troops and tanks onto the city's streets. By the 1930s Glasgow had become the main base of the Independent Labour Party, so when Labour finally came to power alone after WWII, its influence was strong. Glasgow has always remained a socialist stronghold. Labour dominates the city council, and the city has not had a Conservative MP for 30 years.By the late 1950s, Glasgow was losing out to the more competitive industries of Japan, Germany and elsewhere. There was a lack of investment. Union demands for workers, enforced by government legislation, made costs uneconomic and entrepreneurial activity arduous. With lack of investment came lack of innovation.Rapid de-industrialization followed, and by the 1960s and 70s most employment lay not in manufacturing, but in the service industries.Which brings us to today. On the plus side, Glasgow is still ranked as one of Europe's top 20 financial centres and is home to some leading Scottish businesses. But there is considerable downside.Recent studies have suggested that nearly 30% of Glasgow's working age population is unemployed. That's 50% higher than that of the rest of Scotland or the UK. Eighteen per cent of 16- to 19-year-olds are neither in school nor employed. More than one in five working-age Glaswegians have no sort of education that might qualify them for a job.In the city centre, the Merchant City, 50% of children are growing up in homes where nobody works. In the poorer neighbourhoods, such as Ruchill, Possilpark, or Dalmarnock, about 65% of children live in homes where nobody works – more than three times the national average. Figures from the Department of Work and Pensions show that 85% of working age adults from the district of Bridgeton claim some kind of welfare payment.Across the city, almost a third of the population regularly receives sickness or incapacity benefit, the highest rate of all UK cities. A 2008 World Health Organization report noted that in Glasgow's Calton, Bridgeton and Queenslie neighbourhoods, the average life expectancy for males is only 54. In contrast, residents of Glasgow's more affluent West End live to be 80 and virtually none of them are on the dole.Glasgow has the highest crime rate in Scotland. A recent report by the Centre for Social Justice noted that there are 170 teenage gangs in Glasgow. That's the same number as in London, which has over six times the population of Glasgow.It also has the dubious record of being Britain's murder capital. In fact, Glasgow had the highest homicide rate in Western Europe until it was overtaken in 2012 by Amsterdam, with more violent crime per head of population than even New York. What's more, its suicide rate is the highest in the UK.Then there are the drug and alcohol problems. The residents of the poorer neighbourhoods are an astounding six times more likely to die of a drugs overdose than the national average. Drug-related mortality has increased by 95% since 1997. There are 20,000 registered drug users – that's just registered – and the situation is not going to get any better: children who grow up in households where family members use drugs are seven times more likely to end up using drugs themselves than children who live in drug-free families.Glasgow has the highest incidence of liver diseases from alcohol abuse in all of Scotland. In the East End district of Dennistoun, these illnesses kill more people than heart attacks and lung cancer combined. Men and women are more likely to die of alcohol-related deaths in Glasgow than anywhere else in the UK. Time and time again Glasgow is proud winner of the title ‘Fattest City in Britain'. Around 40% of the population are obese – 5% morbidly so – and it also boasts the most smokers per capita.I have taken these statistics from an array of different sources. It might be in some cases that they're overstated. I know that I've accentuated both the 18th- and 19th-century positives, as well as the 20th- and 21st-century negatives to make my point. Of course, there are lots of healthy, happy people in Glasgow – I've done many gigs there and I loved it. Despite the stories you hear about intimidating Glasgow audiences, the ones I encountered were as good as any I've ever performed in front of. But none of this changes the broad-brush strokes: Glasgow was a once mighty city that now has grave social problems. It is a city that is not fulfilling its potential in the way that it once did. All in all, it's quite a transformation. How has it happened?Every few years a report comes out that highlights Glasgow's various problems. Comments are then sought from across the political spectrum. Usually, those asked to comment agree that the city has grave, ‘long-standing and deep-rooted social problems' (the words of Stephen Purcell, former leader of Glasgow City Council); they agree that something needs to be done, though they don't always agree on what that something is.There's the view from the right: Bill Aitken of the Scottish Conservatives, quoted in The Sunday Times in 2008, said, ‘We simply don't have the jobs for people who are not academically inclined. Another factor is that some people are simply disinclined to work. We have got to find something for these people to do, to give them a reason to get up in the morning and give them some self-respect.' There's the supposedly apolitical view of anti-poverty groups: Peter Kelly, director of the Glasgow-based Poverty Alliance, responded, ‘We need real, intensive support for people if we are going to tackle poverty. It's not about a lack of aspiration, often people who are unemployed or on low incomes are stymied by a lack of money and support from local and central government.' And there's the view from the left. In the same article, Patricia Ferguson, the Labour Member of the Scottish Parliament (MSP) for Maryhill, also declared a belief in government regeneration of the area. ‘It's about better housing, more jobs, better education and these things take years to make an impact. I believe that the huge regeneration in the area is fostering a lot more community involvement and cohesion. My real hope is that these figures will take a knock in the next five or ten years.' At the time of writing in 2013, five years later, the figures have worsened.All three points of view agree on one thing: the government must do something.In 2008 the £435 million Fairer Scotland Fund – established to tackle poverty – was unveiled, aiming to allocate cash to the country's most deprived communities. Its targets included increasing average income among lower wage-earners and narrowing the poverty gap between Scotland's best- and worst-performing regions by 2017. So far, it hasn't met those targets.In 2008 a report entitled ‘Power for The Public' examined the provision of health, education and justice in Scotland. It said the budgets for these three areas had grown by 55%, 87% and 44% respectively over the last decade, but added that this had produced ‘mixed results'. ‘Mixed results' means it didn't work. More money was spent and the figures got worse.After the Centre for Social Justice report on Glasgow in 2008, Iain Duncan Smith (who set up this think tank, and is now the Secretary of State for Work and Pensions) said, ‘Policy must deal with the pathways to breakdown – high levels of family breakdown, high levels of failed education, debt and unemployment.'So what are ‘pathways to breakdown'? If you were to look at a chart of Glasgow's prosperity relative to the rest of the world, its peak would have come somewhere around 1910. With the onset of WWI in 1914 its decline accelerated, and since then the falls have been relentless and inexorable. It's not just Glasgow that would have this chart pattern, but the whole of industrial Britain. What changed the trend? Yes, empires rise and fall, but was British decline all a consequence of WWI? Or was there something else?A seismic shift came with that war – a change which is very rarely spoken or written about. Actually, the change was gradual and it pre-dated 1914. It was a change that was sweeping through the West: that of government or state involvement in our lives. In the UK it began with the reforms of the Liberal government of 1906–14, championed by David Lloyd George and Winston Churchill, known as the ‘terrible twins' by contemporaries. The Pensions Act of 1908, the People's Budget of 1909–10 (to ‘wage implacable warfare against poverty', declared Lloyd George) and the National Insurance Act of 1911 saw the Liberal government moving away from its tradition of laissez-faire systems – from classical liberalism and Gladstonian principles of self-help and self-reliance – towards larger, more active government by which taxes were collected from the wealthy and the proceeds redistributed. Afraid of losing votes to the emerging Labour party and the increasingly popular ideology of socialism, modern liberals betrayed their classical principles. In his War Memoirs, Lloyd George said ‘the partisan warfare that raged around these topics was so fierce that by 1913, this country was brought to the verge of civil war'. But these were small steps. The Pensions Act, for example, meant that men aged 70 and above could claim between two and five shillings per week from the government. But average male life- expectancy then was 47. Today it's 77. Using the same ratio, and, yes, I'm manipulating statistics here, that's akin to only awarding pensions to people above the age 117 today. Back then it was workable.To go back to my analogy of the prologue, this period was when the ‘train' was set in motion across the West. In 1914 it went up a gear. Here are the opening paragraphs of historian A. J. P. Taylor's most celebrated book, English History 1914–1945, published in 1965.I quote this long passage in full, because it is so telling.Until August 1914 a sensible, law-abiding Englishman could pass through life and hardly notice the existence of the state, beyond the post office and the policeman. He could live where he liked and as he liked. He had no official number or identity card. He could travel abroad or leave his country forever without a passport or any sort of official permission. He could exchange his money for any other currency without restriction or limit. He could buy goods from any country in the world on the same terms as he bought goods at home. For that matter, a foreigner could spend his life in this country without permit and without informing the police. Unlike the countries of the European continent, the state did not require its citizens to perform military service. An Englishman could enlist, if he chose, in the regular army, the navy, or the territorials. He could also ignore, if he chose, the demands of national defence. Substantial householders were occasionally called on for jury service. Otherwise, only those helped the state, who wished to do so. The Englishman paid taxes on a modest scale: nearly £200 million in 1913–14, or rather less than 8% of the national income.The state intervened to prevent the citizen from eating adulterated food or contracting certain infectious diseases. It imposed safety rules in factories, and prevented women, and adult males in some industries,from working excessive hours.The state saw to it that children received education up to the age of 13. Since 1 January 1909, it provided a meagre pension for the needy over the age of 70. Since 1911, it helped to insure certain classes of workers against sickness and unemployment. This tendency towards more state action was increasing. Expenditure on the social services had roughly doubled since the Liberals took office in 1905. Still, broadly speaking, the state acted only to help those who could not help themselves. It left the adult citizen alone.All this was changed by the impact of the Great War. The mass of the people became, for the first time, active citizens. Their lives were shaped by orders from above; they were required to serve the state instead of pursuing exclusively their own affairs. Five million men entered the armed forces, many of them (though a minority) under compulsion. The Englishman's food was limited, and its quality changed, by government order. His freedom of movement was restricted; his conditions of work prescribed. Some industries were reduced or closed, others artificially fostered. The publication of news was fettered. Street lights were dimmed. The sacred freedom of drinking was tampered with: licensed hours were cut down, and the beer watered by order. The very time on the clocks was changed. From 1916 onwards, every Englishman got up an hour earlier in summer than he would otherwise have done, thanks to an act of parliament. The state established a hold over its citizens which, though relaxed in peacetime, was never to be removed and which the Second World war was again to increase. The history of the English state and of the English people merged for the first time.Since the beginning of WWI , the role that the state has played in our lives has not stopped growing. This has been especially so in the case of Glasgow. The state has spent more and more, provided more and more services, more subsidy, more education, more health care, more infrastructure, more accommodation, more benefits, more regulations, more laws, more protection. The more it has provided, the worse Glasgow has fared. Is this correlation a coincidence? I don't think so.The story of the rise and fall of Glasgow is a distilled version of the story of the rise and fall of industrial Britain – indeed the entire industrial West. In the next chapter I'm going to show you a simple mistake that goes on being made; a dynamic by which the state, whose very aim was to help Glasgow, has actually been its ‘pathway to breakdown' . . .Life After the State is available at Amazon, Apple Books and all good bookshops, with the audiobook at Audible, Apple Books and all good audiobookshops. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

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Traditional histories give President Franklin Delano Roosevelt a lot of credit for guiding the United States out of the Great Depression. But his best move may have been appointing the first woman ever to join a presidential cabinet. As Secretary of Labor, Frances Perkins won victories on public works for increased employment, 8 hour work days, minimum wage, Social Security, workplace safety standards, and no child labor. Many of her programs are still in place for Americans today. Please vote for me in the Women Podcasters Awards (https://bit.ly/43gK8Pt) I'm in the History category. Visit the website (herhalfofhistory.com) for sources, transcripts, and pictures. Support the show on my Patreon page for bonus episodes, polls, and a general feeling of self-satisfaction. Or make a one-time donation on Buy Me a Coffee. Join Into History for a community of ad-free history podcasts, plus bonus content. Visit Evergreen Podcasts to listen to more great shows. Follow me on Threads as Her Half of History. Learn more about your ad choices. Visit megaphone.fm/adchoices

Merriam-Webster's Word of the Day for May 21, 2025 is: hapless • HAP-lus • adjective Hapless means "having no luck." It's a synonym of unfortunate. // The documentary follows a hapless victim of false allegations. See the entry > Examples: "The New York Yankees had a nice, feel-good return to their spring training home this weekend by beating up on the hapless Tampa Bay Rays." — Kristie Ackert, Athlon Sports, 19 Apr. 2025 Did you know? Hapless means exactly what you'd expect it to mean: "without hap"—hap being another word for fortune or luck. Hap comes from the Old Norse word for "good luck," which is also the source of happen and happy. English has several words to describe those lacking good fortune, including ill-starred, ill-fated, unlucky, and luckless, a word formed in parallel to hapless by adding the suffix -less. Ill-starred suggests bringing calamity or the threat of a terrible fate ("the ill-starred year the Great Depression began"). Ill-fated refers only to being doomed ("the ill-fated voyage of the Titanic"). Unlucky and luckless usually apply to a person or thing notably or chronically unfortunate ("an unlucky slots player," "some luckless investors swindled in the deal"). Hapless is often imbued with a touch of pity, humor, or both for those to whom it refers, as in "a hapless goalie who couldn't block a shot to save his life."

The 1940 U.S. Census gives us a remarkably detailed portrait of America just before everything changed. In a few short years, the United States would enter World War II, and millions of lives would be transformed. But in 1940, Americans were still in recovery mode. The Great Depression had taken its toll, but new programs like the New Deal had started to shift the tide. This census captures that fragile balance: a nation still scarred but beginning to look ahead. This is the most recent census available to the public and, for many genealogists, it's one of the most informative. It offers a unique combination of traditional questions and new ones that reflect the challenges of the 1930s. As a bridge between the interwar period and the coming conflict, the 1940 census helps us understand where our ancestors stood before everything changed again. Podcast notes: https://ancestralfindings.com/inside-the-1940-u-s-census/ Ancestral Findings Podcast: https://ancestralfindings.com/podcast This Week's Free Genealogy Lookups: https://ancestralfindings.com/lookups Genealogy Giveaway: https://ancestralfindings.com/giveaway Genealogy eBooks: https://ancestralfindings.com/ebooks Follow Along: https://www.facebook.com/AncestralFindings https://www.instagram.com/ancestralfindings https://www.youtube.com/ancestralfindings Support Ancestral Findings: https://ancestralfindings.com/support https://ancestralfindings.com/paypal  #Genealogy #AncestralFindings #GenealogyClips  

“Everybody says it can't be done.” This is the story of San Francisco's two great bridges.  The bustling cities of Oakland and San Francisco are separated by less than ten miles of water, but for early twentieth-century Bay Area residents, it may as well be thirty—that's the distance traveling around the Bay. Meanwhile, the mile of water across the Golden Gate Strait makes communities directly north of San Francisco likewise inaccessible. Bridges across both stretches of water would change the game entirely, but between harsh winds, thick fog, strong currents, and over 300 feet deep water—to say nothing of earthquakes—crowded ferries seem to be the only even-if-imperfect answer.  Or so they did.  From deep-sea divers to catwalking “bridge monkeys,” from deeply-driven caissons to high rising towers, miles of cables, and deadly accidents–this is the tale of the unyielding dreamers and doers who pushed the bounds of engineering in the midst of the Great Depression to bridge the San Francisco's Golden Gate Strait and Bay.   ____ Connect with us on HTDSpodcast.com and go deep into episode bibliographies and book recommendations join discussions in our Facebook community get news and discounts from The HTDS Gazette  come see a live show get HTDS merch or become an HTDS premium member for bonus episodes and other perks. HTDS is part of Audacy media network. Interested in advertising on the History That Doesn't Suck? Contact Audacyinc.com To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

In this episode of "Kent Hance,  The Best Storyteller in Texas," host Kent shares compelling stories about the Dust Bowl's impact on the Great Plains. Kent provides a detailed narrative on the history of farming in the region, the severe challenges faced during the Dust Bowl, and the government's response to the crisis. He recounts personal anecdotes, including the tragic loss of his brother to dust pneumonia, and highlights the resilience of the people who endured these hardships. The episode underscores the importance of sustainable farming practices and the enduring strength of community and family.

It's still known as Black Tuesday almost a century later. In October 1929, the stock market crashes and plunges the world into the Great Depression. At least that's what we've been told and what we all believe. But then why didn't the Crash of 1987 lead to Great Depression 2? I mean, it didn't even slow the economy down. Or the dot-com crash. Something is missing. As it turns out, there's a lot missing and so this is the first installment to fill in what Economics leaves out, or plain gets wrong. Eurodollar University's Make it Make Centshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

If you're struggling, consider therapy with our sponsor. Visit https://betterhelp.com/almanac for a discount on your first month of therapy.If you have questions about the brand relating to how the therapists are credentialed, their privacy policy, or therapist compensation, here is an overview written by the YouTube creators behind the channel Cinema Therapy that goes into these topics: https://www.reddit.com/r/cinema_therapy/comments/1dpriql/addressing_the_betterhelp_concerns_headon_deep/ Hey Poison Friends! I know we have covered some toxic ghost towns before but there are just too many out there not to bring the subject back up! If you haven't seen the last Toxic Ghost Towns episode, definitely check it out! This time around I chose to discuss a place close to home in South Carolina. "Becca, I though y'all lived in Georgia!" We do, but right next to the Savannah river which connects us to South Carolina. So this is close to us as well. There was once a town called Ellenton, until the 1950s when the government decided it was the perfect place for a new nuclear site. The Savannah River Site was first created to produce materials for nuclear weapons and during its planning, the entire town of Ellenton as well as other nearby communities were forced out with a bit of compensation for their property as determined by the government. New Ellenton was created, where some of the residents would resettle, but they would never forget their old town and how it was basically taken from them, Ellenton has its own dirty history, steeped in racist politics and violence, however, and I could not help but dig into that before discussing the toxic materials left behind when SRS switched roles from nuclear weapons products to research and environmental concerns. We also discuss what was supposed to be a wealthy resort town funded by a newspaper, Times Beach, Missouri. The timing was off during this development nearign the Great Depression, and the town was mainly one of rural and low income housing. It didn't help matters that the location itself was a flood plain. These were not the reasons for the town being evacuated, however and the story of how it became toxic is also one to be learned from. Lastly we travel to Mailuu-Suu in Kyrgyzstan, where multiple uranium and heavy metals dump sites were left. Between the early 1940s-late 1960s, the soviet union mined uranium in mines there using forced labor for much of the time. Once it became less economical, they just left the poorly constructed tailings dams and uranium rock piles sitting there in the open. This area in particular sits on the hillside above the village Mailuu-Suu (currently populated with about 25,000 people). Since this time mutliple earthquakes, landslides, and heavy rainfall even have caused dams to fail and uranium to fall into the river below, contaminating the water, fish, crops, and ultimately the people living there. Illness and cancer rates have increased significantly here and education about avoiding the worst contaminated areas and clean-up of the site is slow going. I mentioned many sites, because along the entire country there are about 92 radioactive mining waste sites in total.Thank you to all of our listeners and supporters! Please feel free to leave a comment or send us a DM for any questions, suggestions, or just to say, "hi."Support us on Patreon:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠patreon.com/thepoisonersalmanac⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on socials:The Poisoner's Almanac on IG-⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.instagram.com/poisoners_almanac?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Adam-⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@studiesshow?is_from_webapp=1&sender_device=pc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Becca-⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.tiktok.com/@yobec0?is_from_webapp=1&sender_device=pc⁠⁠⁠⁠⁠⁠⁠⁠⁠Also, look for us on TikTok @poisonersalmanacp

The 1930 U.S. Census captures America in an unsettled moment. The Roaring Twenties were winding down, but the Great Depression was just beginning to take hold. It's a census taken in the calm before the storm fully broke. A generation that had just emerged from the trauma of World War I and the 1918 flu pandemic found itself navigating economic boom—and, soon after, one of the most devastating financial collapses in history. This makes the 1930 census especially valuable to genealogists and family historians. It not only shows us where people were and what they were doing, but it offers a final snapshot of prosperity for some, and for others, early signs of hardship. When read alongside the 1920 census, it helps us ask important questions: Did families move in search of work? Were more people renting than owning? Did younger generations start their adult lives in very different ways from their parents? It's also a census that teeters between old and new. Traditional jobs and family structures still dominated, but you can see modern America coming into view, especially in cities. With the next census in 1940 capturing a nation preparing for war, the 1930 census stands as a middle chapter in a story of massive change. Podcast Notes: https://ancestralfindings.com/inside-the-1930-census/ Ancestral Findings Podcast: https://ancestralfindings.com/podcast This Week's Free Genealogy Lookups: https://ancestralfindings.com/lookups Genealogy Giveaway: https://ancestralfindings.com/giveaway Genealogy eBooks: https://ancestralfindings.com/ebooks Follow Along: https://www.facebook.com/AncestralFindings https://www.instagram.com/ancestralfindings https://www.youtube.com/ancestralfindings Support Ancestral Findings: https://ancestralfindings.com/support https://ancestralfindings.com/paypal  #Genealogy #AncestralFindings #GenealogyClips

Get Andrew's book here: https://press.uchicago.edu/.../chicago/K/bo245100866.html   In Karl Marx in America, historian Andrew Hartman argues that even though Karl Marx never visited America, the country has been infused, shaped, and transformed by him. Since the beginning of the Civil War, Marx has been a specter in the American machine. During the Gilded Age, socialists read Marx as an antidote to the unchecked power of corporations. In the Great Depression, communists turned to Marx in hopes of transcending the destructive capitalist economy. The young activists of the 1960s were inspired by Marx as they gathered to protest an overseas war. Marx's influence today is evident, too, as Americans have become increasingly attuned to issues of inequality, labor, and power.   After decades of being pushed to the far-left corner of intellectual thought, Marx's ideologies have crossed over into the mainstream and are more alive than ever. Working-class consciousness is on the rise, and, as Marx argued, the future of a capitalist society rests in the hands of the people who work at the point of production. A valuable resource for anyone interested in Marx's influence on American political discourse, Karl Marx in America is a thought-provoking account of the past, present, and future of his philosophies in American society.   Check out our new bi-weekly series, "The Crisis Papers" here: https://www.patreon.com/bitterlakepresents/shop   Thank you guys again for taking the time to check this out. We appreciate each and everyone of you. If you have the means, and you feel so inclined, BECOME A PATRON! We're creating patron only programing, you'll get bonus content from many of the episodes, and you get MERCH!   Become a patron now https://www.patreon.com/join/BitterLakePresents?   Please also like, subscribe, and follow us on these platforms as well, (specially YouTube!)   THANKS Y'ALL   YouTube: https://www.youtube.com/channel/UCG9WtLyoP9QU8sxuIfxk3eg Twitch: www.twitch.tv/thisisrevolutionpodcast www.twitch.tv/leftflankvets​ Facebook: https://www.facebook.com/Thisisrevolutionpodcast/ Twitter: @TIRShowOakland Instagram: @thisisrevolutionoakland   Read Jason Myles in Sublation Magazine https://www.sublationmag.com/writers/jason-myles   Read Jason Myles in Damage Magazine https://damagemag.com/2023/11/07/the-man-who-sold-the-world/

Andrew Hartman joins Ben Burgis to talk about his fascinating book "Karl Marx in America," where he traces interest in Marx's ideas by American commentators from the Gilded Age to the Great Depression to the Vietnam-era New Left to the present. Before that, Ben does an Opening Argument responding to Ro Khanna on socialism. In the postgame for patrons, Ben and the crew watch a slightly less serious discussion about Marx by Tim Pool and Sargon of Akkad and some other person who's name none of us can be bothered to remember (+ Donald Trump telling a story about how his fat billionaire friend in London).Sign up for the Capital Vol. 2 class:patreon.com/benburgisBuy Andrew's book:https://press.uchicago.edu/ucp/books/book/chicago/K/bo245100866.htmlFollow Andrew on Twitter: @HartmanAndrewFollow Ben on Twitter: @BenBurgisFollow GTAA on Twitter: @Gtaa_ShowBecome a GTAA Patron and receive numerous benefits ranging from patron-exclusive postgames every Monday night to our undying love and gratitude for helping us keep this thing going:patreon.com/benburgisRead the weekly philosophy Substack:benburgis.substack.com

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal's successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn't just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison's Notes is the podcast of Princeton University's James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

John M. Kinder is director of American Studies, professor of history at Oklahoma State University and author of the new book, World War Zoos: Humans and Other Animals in the Deadliest Conflict of the Modern Age. He chronicles the horrific effects of war on zoos throughout Europe, the US and the South Pacific and the sometimes heroic efforts by keepers and the public to preserve their animal charges even in times of scarcity and personal starvation. Zoos that were spared bombing still had to wrestle with difficult questions such as which animals should be euthanized when food supplies were low? Or which should be killed to prevent the escape of dangerous animals? Kinder examines the era from the Great Depression through the Cold War and its cumulative effects resulting in the zoological institutions and some of the policies we see today. Animal Care Software

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False […]

If you're interested in learning more about the construction of Hoover Dam, scroll to the end of the show notes for links.00:00 - A Quick Dam Joke, the Consortium, and Some StatsWe question our ability to keep our puns in check. Sorry, Mom.Then we move on to the contractors. We discuss the consortium called Six Companies Inc. that won the bid at nearly $49 million, approximately $860 million in today's dollars.Eddie makes a conveniently timed comparison to the Washington Monument. The Hoover Dam is 726 feet tall–almost 200 feet taller than the Washington Monument. Only 6 buildings in the US were taller than the dam when it was built.We discuss some stats:-4.4 million cubic yards of concrete were used in the project. That is enough to pave a two-lane road from Seattle to Miami or a four-foot-wide sidewalk around the Earth at the Equator or enough to pave a two-lane road from Seattle to Miami.-Its base is as thick as the length of 2 football end-to-end-It has 4 intake towers (30' diameter each) that can carry enough water to fill 900 bathtubs in only one second. That means 1,448,100 “bathtubfuls” of water will have passed through the dam in the time it takes you to listen to this episode.07:15 - Construction Costs and Power OutputTyler mentions that the cost of the initial construction, which finished in 1936, wasn't paid off until 1987. Eddie discusses the way that we handle financing for capital projects, spending not just tomorrow's money–but money that won't come in for decades.We compare these expenses to the absolutely monumental amount of economic impact that the electricity from the dam has had. Here's where the 4 billion kilowatt-hours each year goes:19% to Arizona23% to Nevada58% percent goes to California (15% to LA, which is 270 miles away)10:46 - Hoovervilles and FatalitiesEddie fills the gaps in Tyler's history education with an explanation of the Hoovervilles from the Great Depression. Hoover didn't get much positive PR aside from this dam.We discuss the desperation of the Great Depression is shown by the fact that the ability to line up workers for a job to do this. Tyler shares the troubling coincidence is the fact that the first and last men to die on this project were father and son.Thinking about these human costs leads us into a discussion about the structure of incentives and penalties that drove the owners of Six Companies to push the pace of construction.19:53 - Takeaways: Big Projects, Green Energy, Old-school DraftingWe discuss the fact that bold projects lead to emboldened people who move on to even bolder projects. Sometimes biting off more than you can chew leads to growth.Tyler makes the point that this dam was a green-energy project long before the term “green energy” was coined. He also expresses awe at the thought that all of the drafting for this massive project would have been done by hand.Eddie stops short of calling himself a history buff, but he expresses a deep respect for the teams of designers and workers who accomplished massive projects like this with so little help from what we consider advanced technologies.Tyler invites you to submit your ideas for future research-based projects.If you're interested in additional details about the Hoover Dam, explore these sources:EIA.govUSBR.govB1M video: compares the world's largest dams to other structuresLake Mead historical water-level chartNPS.govBechtel's page about construction of the damOld publicity/education videoLibrary of Congress PhotosVideo of the physics and engineering involvedCheck out the partners that make our show possible.Find Us Online: BrosPodcast.com - LinkedIn - Youtube - Instagram - Facebook - TikTok - Eddie's LinkedIn - Tyler's LinkedInIf you enjoy the podcast, please rate us on Apple Podcasts, Spotify, or wherever you listen to us! Thanks for listening

Join us on Madison's Notes as we sit down with George Selgin, senior fellow and director emeritus of the Cato Institute's Center for Monetary and Financial Alternatives and professor emeritus of economics at the University of Georgia. In this insightful conversation, Selgin unpacks the myths and realities of FDR's New Deal through the lens of his book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025). While the New Deal is often celebrated as a bold and successful response to the Great Depression, Selgin argues that many of its policies actually prolonged economic suffering—with unemployment remaining staggeringly high years later. Drawing on extensive historical and economic analysis, he separates the New Deal's successes from its failures, examines the distinct roles of fiscal and monetary policy, and reveals the overlooked factor that truly ended the Great Depression (hint: it wasn't just WWII). This episode challenges conventional narratives and offers crucial lessons for navigating future economic crises. Tune in for a nuanced discussion on why we must assess policy decisions carefully—learning from the past to build a more resilient future. Madison's Notes is the podcast of Princeton University's James Madison Program in American Ideals and Institutions. Contributions to and/or sponsorship of any speaker does not constitute departmental or institutional endorsement of the specific program, speakers or views presented. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In this week's episode, Tracy sits down with journalist and author Brian Reisinger to discuss one of the most pressing — yet overlooked — issues in agriculture today: how farmers continually get caught in the crossfire of government policy, global trade, and economic upheaval. Brian is the author of the powerful book Land Rich, Cash Poor: My Family's Hope and the Untold History of the Disappearing American Farmer, which traces the historical and ongoing struggles of farmers against a backdrop of political decisions that too often leave them behind. From the trade wars and tariffs of today to policy decisions made over a century ago, Tracy and Brian explore the deep and often devastating connection between government policy and farm economics. They unpack how the American farmer has repeatedly gotten the short end of the stick—despite feeding the world.

What are tariffs really used for? For economic protection? For political gain? For enforcing foreign policy? In this interview, I discuss the following with my guest scholar: ►Why James Madison foresaw tariffs as an inevitable source of conflict? ►In U.S. history, did Americans ever complain that tariffs are really a tax on the people? ►What was the first instance in which tariffs were used as a foreign policy tool? ►What is the Tariff of Abominations? ►How did tariffs backfire on Southern politicians? ►How are tariffs and secession movements related? ►Were tariffs part of Civil War's history? ►What powers did Congress grants to FDR over tariffs? ►What part of U.S. history does Pres. Trump point to as justification for his tariff policy? ►What was Pres. Reagan's tariff policy? ►How is tariff policy with the USSR different than our tariff policy toward China?

Sure, there's no question that screaming about how tariffs are higher than they've been since the Great Depression, or that shelves are going to be empty of product by June, or how "I won't be able to buy my son the GI Joe with the Kung Fu grip", attracts more listeners. But the reality is that the whole tariff hullabaloo is likely overwrought. Certainly, even though tariffs on Canada and Mexico were in place for some time prior to "Liberation Day," we have yet to see any meaningful effect in prices. That isn't to say that it won't happen, only that it hasn't yet. But that doesn't mean there aren't really exciting things happening in the CPI. To hear about the backdrop, and what he's seeing in the numbers, tune in to this episode of the Inflation Guy Podcast! NOTES Blog for this month's CPI: “Inflation Guy's CPI Summary (April 2025)” (https://inflationguy.blog/2025/05/13/inflation-guys-cpi-summary-april-2025/ ) Ep. 140: White Whale Spotted - Inflation-Linked Cash - the USDi Coin: https://inflationguy.podbean.com/e/ep-140-white-whale-spotted-inflation-linked-cash-the-usdi-coin/ Blog for last month's CPI: “Inflation Guy's CPI Summary (March 2025)” (https://inflationguy.blog/2025/04/10/inflation-guys-cpi-summary-march-2025/ ) To Subscribe to Quarterly Inflation Outlook: https://inflationguy.blog/shop/    To Subscribe for free to the blog: https://inflationguy.blog/ Check out the website! https://www.EnduringInvestments.com/ Check out the other website! https://usdicoin.com/

The Father of Reaganomics, David Stockman, joins us to explore the complex world of international trade and its impact on investors.  Key insights include: Challenging conventional wisdom about trade policies Understanding economic forces that drive investment opportunities Gaining expert perspective on global economic trends Stockman provides a candid analysis of current trade strategies, revealing: The true drivers of economic competitiveness Potential pitfalls of protectionist approaches Critical insights for strategic investors The episode cuts through political noise to offer clear, actionable economic intelligence for informed decision-making. Smart investors look beyond headlines to understand the deeper economic forces shaping their financial future. Resources: Check out David Stockman's Contra Corner Newsletter Show Notes: GetRichEducation.com/553 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, I sit down with a long time White House occupant who was the official economic advisor to an ex president. We get the real deal on tariffs and what they mean to you. Trump gets called out and the ominous sign about what's coming six months from now, today on, Get Rich Education.   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 the 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 of 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  1:14   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:30   Welcome to GRE from Brookline, Massachusetts to Brooklyn, New York and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, just another shaved mammal behind this microphone here. I recently spent some time with the father of Reaganomics, David Stockman, in New York City, and sometimes an issue so critical surfaces that real estate investors need to step back and understand a broader force in the economy. Three weeks ago, here, I told you how the second and third way, real estate pays you. Cash flow and ROA are sourced by your tenants employment and the future of your tenants employment is influenced by tariffs and other policies of this presidential administration. This is going to affect rates of inflation and a whole lot of things. Now, an organization called the American Dialect Society, they actually name their word of the year, and this year, it is shaping up to be that word, tariff. In fact, Trump has described that word as the most beautiful word in the dictionary. And I think we all know by now that a tariff is an import tax that gets passed along to consumers when it comes to materials used in real estate construction that's going to affect future real estate prices. Well, several key ones so far were exempted from recent reciprocal tariffs, including steel, aluminum, lumber and copper exempted. Not everything was exempted, but those items and some others were but who knows if even they are going to stay that way. And now, when it comes to this topic. I think a lot of people want to make immediate overreactions in even posture like they're an expert in become an armchair economist, and I guess we all do a little of that, me included. But rather than being first on this and overreacting, let's let the policy which Trump called Liberation Day last month when he announced all these new tariffs. Let's let policy simmer a little and then bring in an expert that really knows what this means to the economy and real estate. So that's why I wanted to set up this discussion for your benefit with the father of Reaganomics and I today. In fact, what did Reagan himself say about tarrifs back in 1987 this is part of a clip that's gained new life this year. It's about a minute and a half.    Speaker 1  4:13   Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing, and today, many economic analysts and historians argue that high tariff legislation passed back in that period called the Smoot Hawley tariff greatly deepened the depression and prevented economic recovery. You see at first when someone says, Let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while at work. Price, but only for a short time. What eventually occurs is first, home grown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition, so soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens, markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.    Keith Weinhold  5:50   Now, from what I can tell you as a listener in the GRE audience, maybe you're split on what you think about tariffs. In fact, we ran an Instagram poll. It asks, generally speaking, tariffs are good or bad? Simply that 40% of you said good, 60% bad. Over on LinkedIn, it was different. 52% said they're good, 48% bad. So it's nearly half and half. And rather than me taking a side here, I like to bring up points that support both sides, and then let our distinguished guests talk, since he's the expert. For example, if a foreign nation wants to access the world's largest economy, the United States, does it make sense for them to pay a fee? I mean, it works that way in a lot of places, when you want to list a product on eBay or Amazon, you pay them a fee. You pay a percentage of the list price in order to get access to a ready marketplace of qualified buyers. All right. Well, that's one side, but then the other side is, come on, let's look at history. Where have tariffs ever worked like Where have they ever been a resounding, long term success? Do they have any history of a sustained, good track record? I generally like free trade. Then let's understand there's something even worse than a steep tariff. There are quotas which are imposed, import limits, trade limits, and then there are even all out import bans. What do terrorists mean to the economy that you are going to live in and that your tenants live in? It's the father of Reaganomics, and I on that straight ahead on Get Rich Education. I'm your host. Keith Weinhold.   you know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text, family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 6686   Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com.    Hey   Robert Helms  9:28   Hey everybody. It's Robert Helms of the real estate guys radio program. So glad you found Keith Weinhold in get rich education. Don't quit your Daydream.   Keith Weinhold  9:48   when it comes to White House economic policy like tariffs, taxes and inflation, don't you wish you could talk to someone that's often been inside the White House. Today, we are even better. He was the official advisor to an ex president on economic affairs, a Wall Street and Washington insider and Harvard grad. Today's guest is also a former two time congressman from Michigan. He's a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. He was first with us last year, but so much has happened since. So welcome back to the show. David Stockman,    David Stockman  10:26   very good to be with you, and you're certainly right about that. I think we're really in uncharted waters. Who could have predicted where we are today, and therefore it's very hard to know where we're heading, but you have to try to peer through the fog and all the uncertainty and the noise and the, you know, day to day ups and downs that's coming from this White House in a way that we've never seen before. And I started on Capitol Hill in 1970 so I've been watching this, you know, for more than a half century, actually, quite a while. And man, it's important to go through all this, but it's sort of uncharted waters.    Keith Weinhold  11:04   Sure, it's sort of like you wake up every day and all you do know is that you don't know. And David, when it comes to tariffs, I want to give you my idea, and then I want to ask you about what the tariff objective even is. Now, to be sure, no one is asking me how to advise the President. I'm an international real estate investor, but I do most of my business in the US, and I sure don't have international trade policy experience. It seems better to me, David, that rather than shocking the world with new tariffs that kick in right away, it would have been better to announce that tariffs begin in, say, 90 days, and then give nations space to negotiate before they kick in. That's my prevailing idea. My question to you is, what's the real objective here? What are terrorists proposed to do? Raise revenue, onshore companies merely a negotiation tactic? Is the objective? Something else?    David Stockman  12:00   Well, it might be all of the above, but I think it's important to start with a predicate, and that is that the problem is not high tariffs abroad or cheating by foreign competitors or exporters. There is a huge problem of a chronic trade deficit that is not benign, that does reflect a tremendous offshoring of our industrial economy, the loss of good, high paying industrial and manufacturing jobs. So the issue is an important one to address, but I have to say, very clearly, Trump is 100% wrong when he attempts to address it with tariffs, because foreign tariffs aren't the problem. Let me just give a couple of pieces of data on this, and I've been doing a lot of research on this. If you take the top 51 exporters to the United States, our top 51 trade partners, and this is Mexico and Canada and the entire EU and it's all the big far eastern China, Japan, South Korea, India, you know, all the rest of them. If you look at the and that's 90% of our trade, we have 2.9 trillion of imports coming in from all of those countries, and the tariff that we Levy, this is the United States, on those imports, is not high. It's higher than it was in the past, mainly because of what Trump did in the first term, but it's 3.9% now compared to bad times historically, decades and decades ago. That's relatively low. But here's the key point, if we look at the same 51 trading partners in terms of the tariffs they levy on our exports to China and to the EU and to Canada and Mexico and South Korea and all the rest of them. The tariff average, weighted average that they levy is 2.1% so let me restate that the average US tariff is about twice as high 4% around things as what our partners imposed 2% now the larger point is whether it's 4% or 2% doesn't make a better difference. That's not a problem when it comes to 33 trillion of world trade of which we are, you know, the United States engages in about five and a half trillion of that on a two way basis, import, export, in the nexus of a massive global trading system. So he's off base. He's wrong. The target is not high tariffs or unfair foreign trade. Now there are some people who say, Well, you're looking at monetary tariffs. So in other words, the import duty they levy on, you know, exports to South Korea or India or someplace like that, right? And that, the real issue, supposedly, is non tariff barriers. For instance, you know, some governments require you that all procurement by government agencies has to be sourced from a domestic supplier, which automatically shuts out us suppliers who might want that business. Well, the problem is we're the biggest violator of the non tariff barrier in that area. In other words, we have something like $900 billion worth of state, federal and local procurement that's under Buy America policies, which means EU, Mexico, Canada, China, none of them can compete. Now I mention that only as one example, because it's the kind of classic non tariff barrier, as opposed to import duty that some people point to, or they point to the fact that while foreign countries allegedly manipulate their currency, but you know the answer to that is that number one, overwhelming, no doubt about it, largest currency manipulator in the world, is the Federal Reserve. Okay, so it's kind of hard to say that there's a unfair trade problem in the world because of currency manipulation. And then there is, you know, an argument. Well, foreign governments subsidize their exporters. They subsidize their industrial companies, and therefore they can sell things cheaper. And therefore that's another example of unfair trade, but the biggest subsidizer of tech industry, and of a lot of other basic industry in the United States is is the Defense Department. You know, we have a trillion dollar defense budget, and we put massive amounts of dollars in, not only to buying, you know, hardware and weapons and so forth, but huge amounts of R and D that go into developing cutting edge technologies that have a lot of civilian applications that, in fact, we see all over the world. That's why we're doing this broadcast right now. The point is that problem is not high tariffs because they're only low tariffs. The problem is not unfair trade, because there's all kinds of minor little interferences with pure free markets, but both, everybody violates those one way or another due to domestic politics. But it's not a big deal. It doesn't make that big a difference. So therefore, why do we have a trillion dollar trade deficit in the most recent year, and a trade deficit of that magnitude that's been pretty continuous since the 1970s the answer is three or four blocks from the White House, not 10,000 miles away in Beijing or Tokyo. The answer is the Federal Reserve has in the ELLs building there in DC, not far from the White House. Yes, yes, right there, okay, the Eccles building the Fed has a huge, persistent pro inflation bias, sure. And as a result of that, it is pushed the wage levels and the price levels and the cost levels of the US economy steadily higher, and therefore we've become less and less competitive with practically everybody, but certainly a lower wage countries nearby, like Mexico or China, far away. And you know, there's, it's not that simple of just labor costs and wages, because, after all, if you source from China, you've got to ship things 10,000 miles. You've got supply chain management issues, you've got quality control issues, you've got timeliness issues. You have inventory carry costs, because there's a huge pipeline, and of course, you have the actual freight cost of bringing all those containers over. But nevertheless, when you factor all that in, our trade problem is our costs are too high, and that is a function of the pro inflation policies of the Fed. Give one example. Go back just to the period when the economy was beginning to recover, right after the great recession. And you know the crisis of 208209 and I started 210 unit labor costs in manufacturing in the United States. Just from 210 that's only 15 years, are up 55% that's unit labor costs. In other words, if you take wage costs and you subtract productivity growth in that 15 year period, the net wage costs less productivity growth, which is what economists call unit labor costs, are up 53% and as a result of that, we started, you know, maybe with a $15 wage difference between the United States and.China back in the late 1990s that wage gap today is $30 in other words, the fully loaded way at cost of average wages in the United States. And I'm talking about not just the pay envelope, but also the payroll taxes, the you know, charge for pension expense, health care and so forth. The whole fully loaded cost to an employer is about $40 an hour, and it's about $10 in the United States and it's about $10 an hour in China. Now that's the reason why we have a huge trade deficit with China, because of the massive cost difference, and it's not because anybody's cheating. Is because the Fed, in its wisdom, decided, well, you know, everybody will be okay. We're going to inflate the economy at 2% a year. That's their target. It's not like, well, we're trying to get low inflation or zero inflation, but we're not quite making it. No, they're proactive. Answer is, we've got to have 2% or the economy is not going to work. Well, well, 2% sounds well, that's a trivial little number. However, when you do it year after year, decade after decade, for a long period of time, and the other side is not inflating at the same rate, then in dollar terms, you have a problem, and that's where we are today. So this is important to understand, because it means the heart of the whole Trump economic policy, which is trying to bring manufacturing home, trying to bring industry back to the United States, a laudable objective is based on a false diagnosis of why this happened, and it is unleashed ball in the china shop, disruption of global economic flows in relationships that are going to cause unmitigated problems, even disaster in the US economy. Because it's too subtle, when you think about it, the world trade system just goods. Now, we've not even talking about services yet, or capital flows or financing on a short term basis. The World Trade in goods, merchandise, goods only is now 33 trillion. That is a hell of a lot of activity of parts and pieces and raw materials and finished products flowing in. You know, impossible to imagine directions back and forth between dozens and dozens of major economies and hundreds overall. And when you start, you step into that, not with a tiny little increase in the tariff. To give somebody a message. You know, if our tariffs are averaging 4% that's what I gave you a little while ago. And you raise tariffs to 20% maybe that's a message. But Trump didn't do that. He raised the tariff on China to 145% in other words, let's just take one example of a practical product, almost all the small appliances that you can find in Target or even a higher end retail stores United States or on Amazon are sourced in China because of this cost differential. I've been talking about this huge wage differential. So over the last 20, 25, years, little it went there now 80% of all small appliances are now sourced in China, and one, you know, good example would be a microwave oven, and a standard one with not a lot of fancy bells and whistles, is $100 now, when you put 145% tariff on the $100 landed microwave oven is now $245 someone's going to say, Gee, are we going to be able to sell microwaves at $245 they're not certain. I'm talking about a US importer. I'm talking about someone who sells microwaves on Amazon, for instance, or the buyers at Walmart or Target, or the rest of them, they're going to say, wait a minute, maybe we ought to hold off our orders until we see how this is going to shake out. And Trump says he's going to be negotiating, which is another whole issue that we'll get into. It's a lot of baloney. He has no idea what he's doing. Let's just face the facts about this. So if orders are suddenly cut back, and the flow that goes on day in and day out across the Pacific into the big ports in Long Beach in Los Angeles is suddenly disrupted, not in a small way, but in a big way, by 20, 30, 40, 50% six or seven months down the road, we're going to have empty shelves. We're going to have empty warehouses. We're going to have sellers who suddenly realize there's such a scarcity of products that have been hit by this blunderbuss of tariffs that we can double our price and get away with it.   Keith Weinhold  25:00   Okay, sure. I mean, ports are designed. Ports are set up for stadium flows, not for surges, and then walls and activity. That just really doesn't work.   David Stockman  25:08   And let me just get in that, because you're on a good point. In other words, there is a complicated supply line, supply chain, where, you know, stuff is handed off, one hand to another, ports in China, shipping companies, ports here, rail distribution systems, regional warehouses of you know, people like Walmart and so forth, that whole supply chain is going to be hit with a shock. Everything is going to be uncertain in terms of the formulas that everybody uses right now, you know that you sell 100 units a week, so you got to replace them at the sales rate, and you put your orders in, and know that it takes six weeks to get here, and all this other stuff, all of the common knowledge that's in the supply chain that makes it work, and the handoffs smooth and efficient From one player in the supply chain to the next, it's all going to be disrupted. But the one thing we're going to have is we're going to have shortages, we're going to have empty shelves, and we're going to have price which I'm sure that Trump is not going to start saying price gouging of a you know, right? But that's not price gouging. If you have a you know, go to Florida. We have a hurricane. Where we live in Florida and New York, we have a hurricane. All of a sudden the shelves are empty and there's no goods around, because everybody's been stocking up getting ready for the storm. And then all of a sudden, the politicians are yelling that somebody's price gouging, because they raised their prices in a market that was in disequilibrium. Well, that's not price gouging. That's supply and demand trying to find a new balance basic economics. You know, when the demand is 100 and the supply is 35 okay, but I'm kind of getting ahead here, but I think there's very good likelihood that there's going to be a human cry right before, you know, maybe in the fall or right before Christmas, about price gouging and Trump then saying, Well, I was elected to bring prices down and bring inflation under control. It's out of control because all of these foreigners raised their prices. And no, they did, and it was the tariff that did it, and all the people in the supply chain are trying to take advantage of the temporary disruptions. So I think people have to understand, and I can't say this, and I don't like to say it, because I certainly didn't think the other candidate in the last election had anything to offer in terms of dealing with our serious economic problems in this country. I'm talking about Harris. But the fact is, Donald Trump has had a wrong idea for the last 40 to 50 years of his adult life. In that core idea is that trade deficits are a sign of the other side cheating. They're a sign that you're being exploited or taken advantage of or ripped off, or it's not at all okay. Trade deficits are a consequence of cost differences between different jurisdictions, and to the extent that we've artificially, unnecessarily inflated our costs. We need to fix the problem at the source. He ought to clean house at the Federal Reserve. But the problem is, Trump wants lower interest rates when, in fact, the low interest rates created all the inflation that led to our loss of competitiveness and the huge trade deficits we have today. So to summarize, it is important to understand, do not have faith in Trump's promise that we're going to have a golden age of economic prosperity. We are going to have a economic disaster, and it's a unforced error. It's self inflicted, and it's the result of the wrong fundamental idea of one guy who's in the oval office right now throwing his considerable weight around and pushing the economy into upheaval that really is totally unnecessary. He should have done what he was elected to do, and Matt's work on getting production up and costs down, that's not going to be solved with tariffs. David, I have another important point to bring up. But before we do just quickly, are those two to 4% tariffs you mentioned earlier. Those are the tariff levels pre Trump second term correct.    We could clarify that those are for the year 2023 that was the latest full year data that we have with great deal of granularity.    Keith Weinhold  29:56   The point I want to bring up is there any history? That tariffs actually work. Some people cite the Smoot Hawley Tariff Act from the 1930s and that it drove us deeper into the Great Depression. And David, on the one hand, when we think about, do tariffs actually work? If Indonesia can make shoes for us for $11 why would we want to onshore an activity like that? That is a good deal for us. And then, on the other hand, you have someone like Nvidia, the world's leading semiconductor company, they announced plans to produce some of their AI supercomputers entirely on American soil for the first time recently. And you have some other companies that have made similar announcements. So that's a small shred of evidence that tariffs could work. But my question is, historically, do tariffs actually work?    David Stockman  30:44   That's a great question, and there's a huge history. And you can go back all the way the 19th century, where Donald Trump seems to be preoccupied, but what he fails to recognize is that they worked in the 19th century because they were revenue tariffs. It wasn't an effort to, like, bring jobs back to America. We were booming at the time. Jobs were coming to America, not leaving, and it was the federal government's main source of revenue. Because, as you know, prior to 1913 there was no income tax, right? So that was one thing. Okay, then when we got into the 20th century and host World War Two, it became obvious to people that the whole idea of comparative advantage, going all the way back to Adam Smith, and that enhanced a global trade where people could specialize in whatever their more competitive advantage is, was a Good thing. And so we had round after round of negotiations after World War Two that reduced tariff levels steadily, year by year, decade by decade. So by the time we got to the 1990s when China, then, you know, arose from the disaster of Mao and Mr. Dang took over and created all the export factories and said, It's glorious to be rich and all these things is we got red capitalism. But if we start in the 1990s the average tariff worldwide, now this is weighted average on all goods that are bought and sold or imported and exported, was about 9% and there were have been various free trade deals done since then. For instance, we had NAFTA, and the tariffs on Mexico and Canada and the United States went to zero. We had a free trade deal in 212 with South Korea. This never comes up, but the tariff on South Korean goods coming the US is zero. The tariff on us, exports going to South Korea is zero because we have a free trade agreement, and it's worked out pretty well with South Korea. Now we're not the only ones doing this. Countries all over the world. The EU is a total free trade zone in economy almost as big as the United States that used to have tariff levels between countries. Now it's one big free trade zone. So if you take the entire world economy, that 9% weighted average tariff of the early 90s, which was down from maybe 2025, 30, pre World War Two in this Smoot Hawley era, was down to 2.25% by the time that Donald Trump took office, the first time around in 2017 now 2.25% is really a rounding error. It's hardly when you have $33 trillion worth of goods moving around, you know, container ships and bulk carriers and so forth all around the world, and air freight and the rest of it, rail. 2% tariff is not any kind of big deal, as I say in some of the things I write, it's not a hill of beans. So somehow, though 45 years ago, Trump got the idea that tariffs were causing a problem and that we had trade deficits, not because our costs were going up owing to bad monetary policy, but because the other guy was cheating. Remember, this is Trump's whole view of the world. It's a zero sum game. I win, you lose, and if I'm not winning, is because you're cheating. Okay? In other words, I'm inherently going to win. America's inherently going to win unless the other guy is cheating. Now, Trump sees the world the same way that I think he looked at electrical and plumbing contractors in the Bronx, you know, in the 1980s and 1990s when he was developing his various Real Estate projects. These are pretty rough and tumble guys. It's a wild, easy way to make a living. So there's a lot of, you know, there's a lot of pretty rough baseball that's played that mentality that the other guy is always trying to screw me, the other guy's always cheating, the other guy's preventing me from winning, is, is his basic mentality. And it's not Applicable. It's not useful at all to try to understand the global economy. Try to understand why America's $29 trillion economy is not chugging along as strongly and as productively as it should be, why real wages are not making the gains that workers should be experiencing and so forth. So he ought to get out of this whole trade, tariff trade war thing, which he started, I don't know how he does, it's a little late, and focus on the problems on the home front. In other words, our trade problem has been caused by too much spending, too much borrowing, too much money printing on the banks of the Potomac. It's not basically caused in Beijing or Tokyo or Seoul or even Brussels, the European Union. And we need to get back to the basic and the real culprit, which is the Federal Reserve and its current chairman, Paul, if he wants to attack somebody, go after the Fed. Go after Paul. But ought to give them a mandate to bring inflation to zero and to stop fooling around with everything else and to stop monetizing the public debt that is buying government debt, take care of your own backyard first before you start taking, yeah, sure, yeah, exactly. You know, I've been in this for a long time. I start, as I said, I started on Capitol Hill. There have been a lot of protectionist politicians, but they always argued free trade is good, but it has to be fair trade. And you know, we have this example in our steel industry, for instance, where we producers abroad are competing unfairly for one reason or another. But the point I'm getting to is they always said this is an exceptional case. Normally we would go for free trade, but we got to have protection here. We got to have a temporary quota. Even when I was in the Reagan administration, we had a big argument about voluntary quotas on Japanese car exports, and I was totally against it. I thought the US industry needed to get its act together, get its costs down. Needed to get the UAW under control, because it had pushed wages, you know, way, way, way too high terms of total cost. But they argued, yeah, well, you're right, but we have to have 10 years in order to allow things to be improved and adjusted and catch up. So this is only temporary. This is just this. Yes, this is protectionism, but it's temporary. It's expedient that we can avoid and so therefore we'll make an exception. But there is no one, and most of these people were, you know, in the payroll of the unions, or they were congressmen from south to South Carolina going to bad for the textile industry, or congressman from Ohio going to bat for the steel industry, whatever, but there was no one who ever came along and said tariffs are big, beautiful things, and we need to have permanent high tariffs, because that's the way we're going to get prosperity back in United States. It's a dumb idea. It's wrong. It's disproven by history and people. Even though Trump has done a lot of things that I like you know, he's got rid of dei he's got rid of all of this green energy, climate crisis nonsense, all of that that he's done is to the good when you come to this basic question, how do we get prosperity in America? The answer is, through free market capitalism, by getting the government out of the way, by balancing the budget and by telling the Fed not to, you know, inflate the economy to the disadvantage that it has today. That's how you get there. And Trump is not a real Republican. Trump is basically what I call a status. He's for big government, right wing status. Okay, there's left wing, Marxist status, then there's right wing status. But you know, all of this tariff business is going to create so much corruption that it's almost impossible to imagine, because every day there's someone down there, right now, I can guarantee it at the, you know, treasury department or at Commerce department saying, but we got special circumstances here in terms of the parts that we're making for aircraft that get assembled in South Korea or something, and we need special relief. Yes, every industry you're doing is putting in for everybody's going to be there the lobby. This is the greatest dream that the Washington lobbyist community ever had. Trump is literally saying he put this reciprocal tariff. You saw the whole schedule. That he had on that easel in the White House on April 2, immigration day. It was called Liberation Day. I called it Demolition Derby Day. There was a reciprocal tariff for every single country in the world based on a phony formula that said, if we have $100 million deficit with somebody, half of that was caused by cheating. So we're going to put a tariff in place closes half of the difference. I mean, just nonsense, Schoolboy idiocy. Now it is. I mean, I know everybody said, Oh, isn't it great? We've finally got rid of the bad guys, Biden, he's terrible, and the Democrats, I agree with all that, but we replaced one set of numb skulls with another set. Unfortunately, Republicans know better, but they're so intimidated, apparently buffaloed by Trump at the moment, that they're going along with this. But they know you don't put 145%tariff on anything. I mean, it's just nuts. David, I feel like you're telling us what you really think and absolutely love that.    Keith Weinhold  41:04   Interestingly, there is a Ronald Reagan clip about tariffs out there in a speech that he gave from Camp David, and it's something that's really had new life lately. In fact, we played the audio of that clip before you came onto the show today, Reagan said that he didn't like tariffs and that they hurt every American worker and consumer as Reagan's economic advisor in the White House. Did you advise him on that?    David Stockman  41:27   Yes, I did. And also I can give you a little anecdote that I think people will find interesting. Yeah, the one time that he deviated in a big way from his free trade commitments was when he put the voluntary export quota on the Japanese auto industry. That was big. I don't remember the exact number, but I think it said they couldn't export more than 1.2 million cars a year, or something like that the United States. And the number was supposed to adjust over time, but we had huge debates in the Cabinet Room about those things, and at the end of the day, here's what he said. He said, You know, I've always been for open trade, free trade. I've always felt it has to be fair trade. But, you know, in this case, the Japanese industry came to us and asked for voluntary quotas, so I didn't put up a trade barrier. I'm only accommodating their request. Well, the Japanese did come to him and ask. They did, but only when they were put up to it by the protectionists in the Reagan administration who, on this took them on the side, you know, their negotiators and maybe their foreign minister. I can't remember exactly who commerce secretary and said, If you don't ask for voluntary quotas, we're going to unleash Capitol Hill and you're going to get a real nasty wall put up against your car. So what will it be? Do you want to front for voluntary quotas? Are we going to unleash Congress? So they came to Reagan and said they were the Japanese industry said they're recommending that he impose voluntary restraints on auto exports. That was just a ruse. He wasn't naive, but he believed what you told him. He believed that everybody was honest like he was, and so he didn't understand that the Japanese industry that was brought to meet with him in the Oval Office had been put up to, it been threatened with, you know, something far worse, mandatory quote is imposed by Congress. But anyway, it's a little anecdote. What happened? On the other hand, he continued to articulate the case for small government sound money. We had deficit problems, but he always wanted a balanced budget. It was just hard to get there politically. And he believed that capitalism produces prosperity if you let capitalism work and keep the government out of the marketplace. And there is no bigger form of intervention and meddling and disruption in the capitalist system, in the free market, in the marketplace, than quotas on every product in every country at different levels. They're going to have 150 different countries negotiating bilaterally deals with the United States. That's the first thing that's ridiculous. They can't happen. The second thing is they're going to come up with deals that don't amount to a hill of beans, but they'll say, we have a deal. The White House will claim victory. Let me just give one example. As we know, one of the big things that Trump did in the first administration was he renegotiated NAFTA. And NAFTA was the free trade agreement between Mexico, Canada, United States. Before he started in 2017 the trade deficit of the US with Mexico and Canada combined with 65 billion. And he said, That's too big, and we got to fix NAFTA. We have got to rebalance the provisions so that the US comes out, not on the short end of the stick 65 billion. So they negotiated for about a year and a half, they announced a new deal, which he then renamed the United States, Mexico, Canada agreement, usmca, and, you know, made a big noise about it, but it was the same deal with the new name. They didn't change more than 2% of the underlying machinery and structure, semantics. Well now, so now we fast forward to 2024 so the usmca Trump's pride and joy, his the kind of deal that he says he's going to seek with every country in the world is now four years into effect. And what is the trade deficit with Canada and Mexico today, it's 230 5 billion okay? It's four times higher now than it was then when he put it in place. Why? Because we have a huge trade deficit with Mexico. Why because, you know, average wages there are less than $10 an hour, and they're $40 an hour here. That's why it has nothing to do with a bad trade deal. It has to do with cost differences.    Keith Weinhold  46:27   David, this has been great, and as we're winding down here, we have a lot of real estate investor listeners tell us what this administration's overall policies, not just tariffs, but overall policies, mean for future employment, and then tell us about your highly regarded contra corner newsletter.    David Stockman  46:45   Well, those are that's a big question. I think it doesn't mean good, because if they were really trying to get America back on track our economy, they would be fighting inflation tooth and nail to get it down to zero. They would be working day and night to implement what Musk came up with in the doge that is big spending cuts and balancing the budget. They're not doing that. They're letting all these announcements being made, but they're not actually cutting any spending. They would not be attempting to impose this huge apparatus of tariffs on the US economy, but they're not doing that. So I'm not confident we were going in the wrong direction under Biden, for sure, and we're going in an even worse direction right now under Trump. So that's the first thing. The second thing is, I put out a daily newsletter called David stockman's Country corner. You can yes signers on the internet, but this is what we write about every day, and I say A plague on both their houses, the Democrats, the Republicans. They're all, in many ways, just trying to justify government meddling, government spending, government borrowing, government money printing, when we would do a lot better if we went in the opposite direction, sound money, balanced budgets, free markets and so forth, so. And in the process, I'm not partisan. You know, I was a Republican congressman. I was a budget director of the Reagan administration. I have been more on the Republican side, obviously, over my career than the Democrats, but now I realize that both parties are part of the problem, and I call it the uni party when push comes to shove, the uni party has basically been for a lot of wars abroad and a lot of debt at home, and a lot of meddling in the economy That was unnecessary. So if you look at what I write every day, it tries to help people see through the pretenses and the errors of the unit party, Democrats and Republicans. And in the present time, I have to focus on Trump, because Trump is making all the noise.    Keith Weinhold  48:59   100% Yes, it sure has kept life and the news cycle exciting, whether someone likes that news or not. Well, David, this has been great. In fact, it sounds a lot like what Reagan might have told me, perhaps because you were a chief economic informant for him, smaller government, letting the free trade flow and lower inflation. Be sure to check out David stockman's contra corner newsletter if you like what we've been talking about today, just like it was last year, David, it's been a real pleasure having you on GRE today.    David Stockman  49:30   Well, thank you very much. And these are important issues, and we've got to stay on top of them.   Keith Weinhold  49:41   Oh, yeah. Well, David Stockman truly no mincing words. He doesn't like tariffs. In summary, telling GRE listeners that the problem with trade imbalances is inflation attack that instead quell inflation, don't impose tariffs. A lot of developing nations and China have distinct advantages over manufacturing in the United States, besides having the trained labor and all the factories and systems in place, think about how many of these nations have built in lower costs they don't have to deal with these regulatory agencies, no EPA, no OSHA, and not even a minimum wage law to have to comply with. And here in the US get this, 80% of American workers agree that the US would benefit from more manufacturing jobs, but almost 75% disagree that they would personally be better off working in a factory themselves. That's according to a joint Cato Institute in YouGov survey. It's sort of like how last century, Americans lamented the demise of the family farm, yeah, but yet, they sure didn't want to work on a farm themselves. Now there are some types of manufacturing, like perhaps pharmaceuticals or computer chips that could likely be onshore, because those items are high value items. Their value can exceed the cost of being produced in the USA, but a lot of these factory goods, not again. If these topics interest you do a search for David stockman's contra corner, or you can directly visit David stockman's contra corner.com. Big thanks to the father of Reaganomics, David Stockman on the show this week. As for next week, we're back more toward the center of real estate investing. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Y   Unknown Speaker  51:42   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   Keith Weinhold  52:02   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 to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

Send us a textHollywood's perfect storm has arrived in the form of Disney's live-action Snow White remake, a film that may go down in history as one of the studio's most spectacular failures. With a staggering production and marketing budgets,  this reimagining of the 1937 classic is projected to loose eye watering amounts of money.At the heart of this catastrophe lies a fundamental disconnect between filmmakers and audience expectations. The original Snow White wasn't just any film – it was Walt Disney's revolutionary gamble that changed animation forever. Disney mortgaged his family home to complete what industry insiders mockingly called "Disney's Folly," only to see it earn $8 million during the Great Depression and establish his studio as an entertainment powerhouse.What went wrong with the remake? The trouble began well before release when lead actress Rachel Zegler made comments dismissing the original as "weird" and criticizing its love story, calling the prince "a guy who literally stalks her." This set the tone for a production that seemed determined to distance itself from rather than honor its source material. The film underwent multiple delays and changes, particularly around the portrayal of the Seven Dwarves, suggesting a production lacking clear creative vision.The audience response has been historically brutal, with the film currently holding a 1.6/10 rating on IMDB from over 350,000 reviewers – one of the lowest scores for any major studio release. Reviews consistently mention "lifeless" scripts, "artificial" dialogue, "uninspired" performances, and visual effects that fail to create the magic expected from Disney.This cautionary tale offers a powerful lesson for studios: when reimagining beloved classics that have maintained cultural relevance for generations, respect for the source material isn't optional – it's essential. As we've seen with successful adaptations like Sonic the Hedgehog, listening to audience feedback and honoring what made the original special creates a path to both artistic and commercial success.Enjoy - DMRSupport the show

Are we heading for another Great Depression or just another news cycle blip? In this episode, Christina Suter breaks down the real impact of Trump's recent tariff moves—and what it actually means for real estate investors. She unpacks what happened in the 1930s, how today's economy is vastly different, and what you should be doing if you're investing in housing, multifamily, or even watching the market with sweaty palms. We cover:

Send us a textEpisode Notes: Are you letting that thick cloud of uncertainty holding you back from making bold moves in your business? You're not alone. In this week's episode, we tackle the hesitation many entrepreneurs & business owners are experiencing when it comes to starting new ventures, expanding locations, or investing in necessary equipment and technology. The collision repair industry, like many service businesses, has always been cyclical - something easy to forget after the unusual steady backlog of the post-COVID years. Rather than viewing current conditions as unprecedented hardship, we explore how many of America's most iconic businesses actually launched during economic downturns. From Disney and Revlon emerging during the Great Depression to Uber and Airbnb launching during the 2008-2009 recession, history shows that opportunity exists regardless of economic climate. Through the wisdom in a valuable clip from Jim Rohn, we unpack a refreshingly simple success formula that anyone can apply: live in a place of opportunity, find an opportunity, and find a mentor. Mr. Rohn's journey to becoming a millionaire by 31 wasn't the result of perfect circumstances but rather his willingness to change himself while circumstances remained largely the same. His most profound insight might be that "the things that are easy to do are also easy not to do" - explaining why success often comes down to consistently doing simple actions that others neglect. Don't let today's uncertainty paralyze you into inaction. Remember Henry Ford's wisdom that "whether you think you can or you think you can't, you'll be right." Your next level of success doesn't require waiting for perfect conditions - it simply requires overcoming the neglect of daily actions that compound into remarkable results!  More from Jim RohnLink to YouTube talk: Getting Rich is Easy! Get the SUNO AI app!  Sign up for FREE to my "Quote of the Day" below: https://tinyurl.com/fv5xr68hSupport the showJoin our Mind Wrench mailing list!

Parallel Mike is a farmer, investor and host of the Parallel Systems Broadcast & Parallel Mike Podcast. He talks the importance of understanding history, becoming a 4th level thinker, Great Depression, fragility of our society, how best to prepare for the crisis ahead, devaluation of the dollar, boxing, ultra running, and much more. PLEASE SUBSCRIBE LIKE AND SHARE THIS PODCAST!!!      WatchShow Rumble- https://rumble.com/v6t7wyf-global-hybrid-war-fourth-level-thinking-and-more-parallel-mike.html YouTube- https://youtu.be/wv6nfr3r1Uk   Follow Me X- https://x.com/CoffeeandaMike IG- https://www.instagram.com/coffeeandamike/ Facebook- https://www.facebook.com/CoffeeandaMike/ YouTube- https://www.youtube.com/@Coffeeandamike Rumble- https://rumble.com/search/all?q=coffee%20and%20a%20mike Substack- https://coffeeandamike.substack.com/ Apple Podcasts- https://podcasts.apple.com/us/podcast/coffee-and-a-mike/id1436799008 Gab- https://gab.com/CoffeeandaMike Locals- https://coffeeandamike.locals.com/ Website- www.coffeeandamike.com Email- info@coffeeandamike.com   Support My Work Venmo- https://www.venmo.com/u/coffeeandamike Paypal- https://www.paypal.com/biz/profile/Coffeeandamike Substack- https://coffeeandamike.substack.com/ Patreon- http://patreon.com/coffeeandamike Locals- https://coffeeandamike.locals.com/ Cash App- https://cash.app/$coffeeandamike Buy Me a Coffee- https://buymeacoffee.com/coffeeandamike Bitcoin- coffeeandamike@strike.me   Mail Check or Money Order- Coffee and a Mike LLC P.O. Box 25383 Scottsdale, AZ 85255-9998   Follow Parallel Mike X- https://x.com/parallel_mike Substack- https://substack.com/@parallelmike YouTube- https://www.youtube.com/channel/UCYt8UcqG2wvkehnmiF_9Akw   Sponsors Vaulted/Precious Metals- https://vaulted.blbvux.net/coffeeandamike McAlvany Precious Metals- https://mcalvany.com/coffeeandamike/ Independence Ark Natural Farming- https://www.independenceark.com/  

Project Audion 68 - Wayfaring Men Larry Groebe wanted to do a "very special episode" for the finale of the fifth season. Starting with recreating what is not only a lost episode, but an entirely lost show from some of the earliest days of network radio.  "Wayfaring Men" is pretty much an unknown, undocumented show... a dramatic 1933 summer serial from CBS about the lives of the hoboes, tramps, and bums who were so numerous during the Great Depression. Not a single recording of the show exists, and there's almost no background information either, but Project Audion came upon a handful of the original mimeographed scripts, and has selected an episode dated June 26 1933 to bring back to life.

A pope who supposedly wanted baseball but caved to the Nazis instead, an amateur pitcher who cost a team a pennant, the Perdicaris incident, a Pirates manager is fired and the way his predecessor resigned, and the 2025 Colorado Rockies versus the 1932 Boston Red Sox and both in the hands of the President of the United States.   The Infinite Inning is not only about baseball but a state of mind. Steven Goldman discusses the game's present, past, and future with forays outside the foul lines to the culture at large. Expect stats, anecdotes, digressions, explorations of writing and fandom, and more Casey Stengel quotations than you thought possible. Along the way, they'll try to solve the puzzle that is the Infinite Inning: How do you find the joy in life when you can't get anybody out?

Step back in time to the golden era of Appalachian luxury as we explore the rise and fall of Tate Springs, a once-famous resort in Bean Station, Tennessee. Known for its healing mineral spring, lush golf course, and elite clientele, including the Rockefellers and Fords, Tate Springs was the South's hidden gem. Discover how this jewel of East Tennessee became a forgotten relic and what still remains today.Don't forget to subscribe to the Stories podcast on your favorite podcast app or on our YouTube channel to hear more Stories of Appalachia.Thanks for listening!

On this edition of Parallax Views, you will hear an incredible story that, on its surface, you may mistake as being just about professional wrestling: the life and career of "The Golden Greek" Jim Londos. He was the biggest star of not only pro wrestling in the 1920s and 1930s, but arguably of sports itself. His popularity eclipsed that of the profession itself. He sold out stadiums of tens of thousands. Contrary to popular misconceptions, pro wrestling was not simply the domain of smoky rooms before the era of Hulk Hogan. Jim Londos is proof of that. In fact, it may be fair to say that Jim Londos was Hulk Hogan before Hulk Hogan. And just to drive that point home, one only need look at his match against Kola Kwariani on October 22nd, 1933 in Athens, Greece at the Panathenaic Stadium. The attendance for that event? It's said to be between 65,000 and 100,000. Simply put, Londos was a phenomenon. But, his story is much more than that of a pro wrestler. Londos is the story of an immigrant to the United States overcoming all odds. He is the story of a man who gave hope to the masses in the trying times of The Great Depression. A man who became a symbol of being able to overcome the greatest adversities. He was smaller in stature than many of his wrestling contemporaries. The classic underdog. And the fans loved him for it. He was their hero. He was "The Golden Greek" of professional wrestling. Joining J.G. on this edition of the show is journalist Steven Johnson. Although Johnson has done a lot of journalism related to pro wrestling and its storied history, he's also been a U.S. Senate aide and newspaper editor. Moreover, he has master's and Ph.D. from the University of Virginia. Over more than a decade he worked on a book to finally tell the story of Jim Londos. That book, recently released, is entitled Jim Londos: The Golden Greek of Professional Wrestling. Part of MacFarland's Studies in Strength of Physical Culture series, this book uncovers the life and times of an athletic performer who has been unfairly forgotten due to having wrestled in the pre-television era of the professional wrestling. In this conversation Steven I will discuss how he came around to the story of Jim Londos, the ways in which Londos story differs greatly from the more tragic rise & fall of early television-era wrestling Gorgeous George, the trials and tribulations of Jim Londos as a young immigrant in the United States of America in the early 20th century, the ways in which Londos is comparable to the mythical figure of Jason in the story of Jason and the Argonauts, how the legacy of Londos is carried on today by wrestlers like Bryan Danielson (aka Daniel Bryan), WWE superstar John Bradshaw Layfield's (JBL) foreword to the book, the wrestling double-crosses of the early 20th century that long predated the WWE's infamous "Montreal Screwjob", the colorful wrestling promoters of the Londos era (such as Toots Mondt and the Gold Dust Trio, Jack Pfefer, and Jack Curley), the legendary years long feud between Jim Londos and Ed "The Strangler" Lewis, Londos ability to make a crowd not only "believe" but "care" about his journey as a wrestler, and much, much more.

In this episode of the Survival Punk Podcast, we ride the rails back in time to explore the forgotten survival system of the American hobo. During the Great Depression, hobos were more than just drifters — they were tactical survivors who developed a network of symbols, signals, and strategies to navigate a collapsing society.

The first singing cowboy of the movies—Gene Autry —was one of America's most popular stars. As the Texas native sang "Back in the Saddle Again" he was also promoting ideas that supported the New Deal and friendly relations with Mexico. His messages rang true with his fans during the Great Depression. On this episode, we unpack the ways this western folk hero, Gene Autry, used his talents to support a positive pro-America agenda.

In this first of a two-part pop quiz on the New Deal, Joe and I chat about the real origins of the Great Depression and how we still feel its effects today.Join us for the rest of this conversation in two weeks!

In this episode of the Survival Punk Podcast, we ride the rails back in time to explore the forgotten survival system of the American hobo. During the Great Depression, hobos were more than just drifters — they were tactical survivors who developed a network of symbols, signals, and strategies to navigate a collapsing society. "Hobo Code: Lost Survival Wisdom from the Rail Riders | Episode 409." The post Hobo Code: Lost Survival Wisdom from the Rail Riders | Episode 409 appeared first on Survivalpunk.

How can ancient parables hold the key to enriching your modern-day faith? Join Pastor Steve Gray and his wife Kathy as they guide you through the profound narratives within the book of Luke, shedding light on their often overlooked deeper meanings. By honing in on the cultural context and central messages of these stories, they demonstrate how parables like the unjust judge and the widow can resonate with us today, offering timeless lessons that transcend the ages.Step into the world of Luke 10, where a dialogue between Jesus and a religious scholar leads us to reconsider our perceptions of eternal life. Discover the Jewish expectation of God's kingdom coming to earth and challenge the traditional views of heaven. The Grays delve into the limitations of modern translations and how historical events like the Great Depression have shaped the popular imagination. Their insights provide a richer understanding of Jesus' teachings, encouraging you to embrace a more nuanced perspective on spirituality.Key Takeaways:Understanding parables in their cultural context is essential for uncovering their true meaning and relevance.The parable of the Good Samaritan teaches us that help and healing often come from unexpected sources.Religious practices alone cannot address deep spiritual needs; genuine compassion must transcend ritual.Many individuals see themselves as ‘good' but are unaware of their own brokenness and need for spiritual revival.Embracing our role as the wounded traveler in need of healing allows us to ultimately become compassionate helpers to others.Looking for more? Join our More Faith More Life community: https://morefaithmorelife.comAbout the host: Steve Gray is the founding and senior pastor of Revive Church KC. He has been in the full time ministry for over 40 years and was launched into national and international recognition in the late 1990's as the leader of the historic Smithton Outpouring, and again in 2009 when he led the Kansas City Revival which was televised nationally on the Daystar television network. Steve is also a veteran musician, songwriter, recording artist and published author. His books include When The Kingdom Comes, Follow The Fire, My Absurd Religion, If You Only Knew, and Mighty Like Gideon.

In this episode of Echoes of the Past, we explore the United States between September 1939 and December 1941 — the tense years leading up to Pearl Harbor. While Americans focused on recovering from the Great Depression, debates raged between isolationists and interventionists over whether to enter the growing global conflict. We examine the nation's cultural mood, shifting political landscape, and evolving foreign relationships with Britain, the Soviet Union, Germany, and Japan. As economic pressures mounted and global tensions rose, the surprise attack on Pearl Harbor brought a reluctant but determined America into World War II.Visit me at https://www.stephenjbedard.com/secondworldwarSupport me at http://www.patreon.com/hopesreason

Send us a text Support the showFor merchandise, podcast and youtube: westankersley.comYou have a limited offer you can use now, that gets you up to 48% off yourfirst subscription or 20% off one time purchases with code WEST20 atcheckoutYou can claim it at:https://magicmind.com/WEST20Join The Patreonhttps://patreon.com/WestankersleyFollow Shaping Success https://shapingsuccesspodcast.buzzsprout.com/Get Ars Victorioushttps://a.co/d/5f4todGhttps://a.co/d/5f4todGEmail Wes@westankersley.com for guest ideas or to be on the show!

Andrew Sleigh of Sprott Money recently joined Kai Hoffmann on Soar Financially for a powerful and urgent conversation about unravelling the global monetary system. In this eye-opening episode, Andrew lays out the harsh realities of currency debasement, the silent erosion of purchasing power, and the accelerating push toward Central Bank Digital Currencies (CBDCs). With clarity and conviction, Andrew explains why current economic policies are driving us toward what he describes as a modern-day Great Depression. He makes a compelling case for why traditional fiat currencies are failing—and why precious metals like gold and silver remain one of the few reliable stores of value in the face of growing financial instability. Listen today! 

Links & ResourcesFollow us on social media for updates: ⁠⁠Instagram⁠⁠ | ⁠⁠YouTube⁠⁠Check out our recommended tool: ⁠⁠Prop Stream⁠⁠Thank you for tuning in! If you enjoyed this episode, please rate, follow, and review our podcast. Don't forget to share it with friends who might find it valuable. Stay connected for more insights in our next episode!

Our memories—and sometimes our parents'—shape how we invest, often more than logic or data. Don and Tom break down how generational financial trauma, recent market trends, and asset class myths (like gold and U.S.-only investing) skew our thinking. They call out flawed stock picking contests, revisit the real long-term returns on gold versus stocks, and explain why short-term memory leads to bad long-term decisions. Listener questions hit everything from where to park house savings to bond fund risks, rebalancing strategies, and simplifying retirement saving using the TSP. Oh, and yes, the laundry room podcast myth lives on, and the Fyre Festival somehow still smolders in the background. 0:04 Don and Tom settle into the show—studio quirks, mic levels, and inviting questions 0:52 How memory bias—from the Great Depression to dot-com boom—influences investment behavior 2:07 Family stories from the Depression era and why stock picking games teach the wrong lesson 2:54 Why investors wrongly believe growth stocks always beat value—thanks to recent performance 5:20 Myths about market trends: U.S. dominance, buy-the-dip thinking, and time horizon confusion 7:46 Gold mania: Recent price surge vs. long-term returns—spoiler, stocks win 9:58 Long-term perspective: $10k in 1980—Gold vs. Treasuries vs. Global portfolio 10:28 Listener: Where to park house construction funds short-term—ETFs vs. money markets 13:30 Why those new ultra-short ETFs may be a trap 15:17 Listener: Should I buy callable bonds with 6% yields? And what's with PIMCO's “14%”? 17:36 Risks of leveraged bond funds like PDI—why they don't belong in a stable portfolio 19:46 Listener: How often should I rebalance in a 401(k)? 23:12 Listener in Albuquerque: Should I go all-in on the C Fund for simplicity? 25:39 Roth vs. TSP—what matters more: today's tax rate or the future's unknowns? 27:33 Future goals: quarterly travel in retirement and pizza roof update 28:22 Investing in “brands” like Fyre Festival—don't 32:30 $63 offer for the Fyre trademark, and a plug for free fiduciary advice Learn more about your ad choices. Visit megaphone.fm/adchoices

Is buying a house the biggest financial mistake you could make right now, and will the next Great Depression hit even harder? Morgan Housel reveals the real story.  Morgan Housel, partner at Collaborative Fund and bestselling author of ‘The Psychology of Money' and ‘Same As Ever', is one of the world's top experts on financial psychology, economic collapse warnings, and building true financial freedom. His life-changing insights have transformed how millions approach money, investing, and wealth-building. In this conversation, Morgan and Steven discuss topics such as, how America's economy could be quietly collapsing, how devastating tariffs may trigger another Great Depression, why robots are replacing the middle class, and the hidden $30 trillion debt threatening the future of the US. 00:00 Intro02:10 Timeless Lessons of Greed, Wealth, and Happiness04:51 The Current Tariff Situation in 202507:05 What Are Tariffs?11:51 Trump's True Reason for the Tariffs18:24 Why Is China the Factory of the World?20:35 China Stopped Being a Cheap Labour Country23:04 What's the Impact of the Tariffs?25:07 America's Trust26:42 Are We Heading for a Recession?29:30 The Importance of Backups During a Recession30:48 How to Be Financially Free in 202535:59 The Evolutionary Desire to Show Off — Status40:42 Salary Differences43:09 We Have a Distorted View of Financial Wealth44:28 Advice for the Economic Crisis45:55 How Much Money Do You Need Saved?46:56 The Impact of AI in Our Wealth Building56:22 The Skills You'll Need in the AI Era57:56 How to Have a Money Mindset01:00:56 Why People Get Stuck in Crypto Scams01:03:34 Women vs. Men: Who's Better at Saving and Taking Risks?01:06:15 Crypto01:07:23 What History Tells Us About New Technologies, Wealth, and Failure01:08:51 Could the Crypto Security System Be Broken?01:10:21 The Strategies Wealthy People Use01:11:55 Intelligence vs. Endurance01:13:28 Why Is Perseverance Key?01:15:12 The Best Way to Have a Big Investment Return01:17:01 The Power of Compounding in Your Savings01:22:06 How Money and Psychology Are Linked01:27:03 You Need to Change Your View on Savings01:31:10 Biggest Regrets of People on Their Deathbeds01:37:20 The Most Asked Questions About Finances01:41:17 Where Are Your Investments Allocated?01:42:03 Vanguard Index Fund01:49:54 Where to Invest Spare Cash?01:56:24 The Dangers of Retiring02:03:31 How to Live a Happy Life You can follow Morgan, here: Twitter - https://bit.ly/3RzBBSc  Website - https://bit.ly/42LM4PD  Instagram - https://bit.ly/449vnQp    You can pre-order Morgan's books, The Art of Spending Money: Simple Choices for a Richer Life, here: https://amzn.to/3GmHRu4 (US) / https://amzn.to/3EEy5mE (UK) You can find out more about the books mentioned, here: ‘The Intelligent Investor', Benjamin Graham: https://amzn.to/4iwqHHW  Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes  My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook  You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb  Sign up to receive email updates about Diary Of A CEO here: https://bit.ly/diary-of-a-ceo-yt  Ready to think like a CEO? Gain access to the 100 CEOs newsletter here: https://bit.ly/100-ceos-newsletter  Follow me:https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Get your hands on the Diary Of A CEO Conversation Cards here: https://bit.ly/conversationcards-mpPerfect Ted - https://www.perfectted.com with code DIARY40 for 40% off Learn more about your ad choices. Visit megaphone.fm/adchoices

Emily and Saagar discuss worst April since Great Depression, China warns against teaming with US, Hegseth meltdown, fired antiwar official speaks out. To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com Merch Store: https://shop.breakingpoints.com/See omnystudio.com/listener for privacy information.

JP Morgan warns that Trump's tariffs could raise import taxes to 10–20%, sparking investor fear. As markets dip and the Dow faces its worst April in a century, they recommend structured notes and hedge funds to ride out the storm. Is this the necessary pain of fixing a broken trade system?▶️ WATCH FULL EPISODE: https://bit.ly/3GmaRCd

The sky is falling…or is it? Breitbart finance editor John Carney explains how Reagan oversaw a sharp stock dip followed by a boom, debunks the idea that tariffs caused the Great Depression, and looks at what Trump's long-term trade strategy might be. Watch ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.