Podcasts about Great Depression

Send us a textThe afternoon of April 14, 1935, began with an unsettling calm across the southern Great Plains. After weeks of relentless dust storms, this brief moment of respite felt almost divine—until an ominous black line appeared on the horizon. Witnesses described a sky divided between golden sunlight and a monstrous curtain of dust that towered a thousand feet high, churning like a reverse waterfall.When this apocalyptic wall struck, it transformed day into a darkness "worse than any midnight." The assault was multi-sensory and terrifying. Wind-driven sand lacerated exposed skin, buildings trembled, and the air itself became a choking hazard loaded with particulate matter. Perhaps most bizarre were the electrical phenomena—static electricity generated by billions of dust particles created blue sparks dancing between animals' ears and enough charge to short-out automobile engines or knock people to the ground with a handshake.Black Sunday wasn't merely a weather event but the physical manifestation of America's worst man-made ecological disaster. This catastrophe emerged from a perfect storm of misguided federal policies, economic desperation, and ecological ignorance. The transformation of native grasslands into unsustainable farmlands had stripped away nature's defense mechanisms against drought and wind. When these elements combined with economic pressures of the Great Depression, the result was catastrophic—a haunting reminder that our relationship with the natural world requires respect for systems that evolved over millennia. What lessons can we draw from this devastating chapter in American history as we face our own environmental challenges today?Support the showIf you'd like to buy one or more of our fully illustrated dime novel publications, you can click the link I've included. "Edward Masterson and the Texas Cowboys," penned by Michael King, takes readers on an exhilarating ride through the American West, focusing on the lively and gritty cattle town of Dodge City, Kansas. This thrilling dime novel plunges into the action-packed year of Ed Masterson's life as a lawman, set against the backdrop of the chaotic cattle trade, filled with fierce conflicts, shifting loyalties, and rampant lawlessness. You can order the book on Amazon.

Brotherhood is more than skin-deep. After Alex's family is killed by the Ku Klux Klan during the Great Depression, he takes refuge in the barn of a nearby dairy farm. The family that owns the dairy, including their young son Pete, take in Alex and raise the boys together. Pete and Alex consider themselves brothers and together they navigate the Jim Crow racial intolerance of the rural South. Tune in for an inspiring discussion with Roger Newman on his Nautilus award-winning book Boys: A Novel, based on a true story.  Moments with Marianne airs in the Southern California area on KMET 1490AM & 98.1 FM, an ABC Talk News Radio Affiliate!  https://www.kmet1490am.comIn addition to Boys which is based on a true story, Roger Newman is the author of a series of medical thrillers: Occam's Razor, Two Drifters, and What Becomes; and a Civil War historical fiction novel Will O' the Wisp: Madness, War, and Recompense. He is a professor of obstetrics and gynecology, specializing in the care of women with multiple gestations. He has authored two hundred scientific papers, a dozen book chapters, and the award-winning and bestselling When You're Expecting Twins, Triplets, or Quads; Fourth Edition. He served as the national president for the Society forMaternal-Fetal Medicine and has been voted by his peers as one of the “Best Doctors in America” for thirty consecutive years. He and his wife, Diane, live on the Ashley River in Charleston, South Carolina. https://rogerbnewman.com Order Boys on Amazon: https://a.co/d/9exs9vCFor more show information visit: www.MariannePestana.com

To read Karl Marx is to contemplate a world created by capitalism. People have long viewed the United States as the quintessential anti-Marxist nation, but Marx's ideas have inspired a wide range of individuals to formulate a more nuanced understanding of the stakes of the American project. Historians have highlighted the imprint made on the United States by Enlightenment thinkers such as Adam Smith, John Locke, and Thomas Paine, but Marx is rarely considered alongside these figures. Yet his ideas are the most relevant today because of capitalism's centrality to American life.   In "Karl Marx in America", historian Andrew Hartman argues that, although Karl Marx never visited America, the country has been profoundly influenced, shaped, and transformed by his ideas. Since the beginning of the Civil War, Marx has been a specter in the American machine. During the Gilded Age, socialists read Marx as a remedy for the unchecked power of corporations. During the Great Depression, communists turned to Marx in the hope of transcending the destructive capitalist economy. Marx inspired the young activists of the 1960s as they gathered to protest a war overseas. Marx's influence is also evident today, 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.   This week, the dialectic sat down with the author, Andrew Hartman, to chat about this new book. About The Dialectic at Work is a podcast hosted by Professor Shahram Azhar & Professor Richard Wolff. The show is dedicated to exploring Marxian theory. It utilizes the dialectical mode of reasoning, that is the method developed over the millennia by Plato and Aristotle, and continues to explore new dimensions of theory and praxis via a dialogue. The Marxist dialectic is a revolutionary dialectic that not only seeks to understand the world but rather to change it. In our discussions, the dialectic goes to work intending to solve the urgent life crises that we face as a global community. Follow us on social media: X: @DialecticAtWork Instagram: @DialecticAtWork Tiktok: @DialecticAtWork Website: www.DemocracyAtWork.info Patreon: www.patreon.com/democracyatwork

In this episode of The Rational Egoist, Michael Leibowitz sits down with renowned economist and historian Lawrence W. Reed to uncover the real causes and consequences of the Great Depression. Was it a failure of capitalism—or a failure of government?Drawing from decades of economic scholarship, Larry Reed dismantles the prevailing myths and reveals how misguided monetary policy, protectionism, and central planning turned a market correction into a global catastrophe. If you've ever been told that the Great Depression proves capitalism doesn't work, this episode is for you.About Our Guest:Lawrence W. (“Larry”) Reed is the former President of the Foundation for Economic Education (FEE), where he served from 2008 after a long history with the organisation dating back to the late 1970s. Before FEE, Reed spent 21 years as President of the Mackinac Center for Public Policy in Michigan and was a professor and department chair of economics at Northwood University. He remains one of the most articulate defenders of economic liberty alive today.About Michael Liebowitz – Host of The Rational EgoistMichael Liebowitz is the host of The Rational Egoist podcast, a philosopher, author, and political activist committed to the principles of reason, individualism, and rational self-interest. Deeply influenced by the philosophy of Ayn Rand, Michael uses his platform to challenge cultural dogma, expose moral contradictions, and defend the values that make human flourishing possible.His journey from a 25-year prison sentence to becoming a respected voice in the libertarian and Objectivist communities is a testament to the transformative power of philosophy. Today, Michael speaks, writes, and debates passionately in defence of individual rights and intellectual clarity.He is the co-author of two compelling books that examine the failures of the correctional system and the redemptive power of moral conviction:Down the Rabbit Hole: How the Culture of Corrections Encourages Crimehttps://www.amazon.com.au/Down-Rabbit-Hole-Corrections-Encourages/dp/197448064XView from a Cage: From Convict to Crusader for Libertyhttps://books2read.com/u/4jN6xjAbout Xenia Ioannou – Producer of The Rational EgoistXenia Ioannou is the producer of The Rational Egoist, overseeing the publishing and promotion of each episode to reflect a consistent standard of clarity, professionalism, and intellectual integrity.As a CEO, property manager, entrepreneur, and lifelong advocate for capitalism and individual rights, Xenia ensures the podcast stays true to its core values of reason, freedom, and personal responsibility.Xenia also leads Capitalism and Coffee – An Objectivist Meetup in Adelaide, where passionate thinkers gather to discuss Ayn Rand's ideas and their application to life, politics, and culture.Join us at: https://www.meetup.com/adelaide-ayn-rand-meetup/(Capitalism and Coffee – An Objectivist Meetup)Because freedom is worth thinking about—and talking about.Follow Life on Purpose – Xenia's thought-provoking essays at her Substack:https://substack.com/@xeniaioannou?utm_source=user-menu

This summer, The Jewish Museum is examining the life and work of a local artist who dared to be different. Ben Shahn was born in present day Lithuania in 1898, but immigrated to Brooklyn as a boy after his father was exiled to Siberia. Shahn began a life of using his art to respond to historical moments with social realism, from the Great Depression to the Vietnam War. Dr. Laura Katzman, professor of art history at James Madison University, and Dr. Stephen Brown, curator at the Jewish Museum discuss, "Ben Shahn, On Nonconformity," on view through October 12.

At a time when debates over tariffs, regulation, and the scope of government are back at center stage. Is this time in American history unprecedented, or can we find parallels in the past? For example, has trade “hollowed out” U.S. manufacturing—or have fact tariffs like the Corn Laws in Britain hurt working-class families the most? Was the Great Depression a failure of capitalism—rather than a policy crisis worsened by poor monetary responses and overreach? Today’s guest is Phil Gramm, a former U.S. Senator and author of “The Triumph of Economic Freedom.” We look at five periods of American history—the Industrial Revolution, Progressive Era, Great Depression, decline of America’s postwar preeminence in world trade, and the Great Recession—along with the existing levels of income inequality and poverty, leads many to believe in expanding government in American life. Gramm argues that the evidence points to a contrary verdict: government interference and failed policies pose the most significant threat to economic freedom.See omnystudio.com/listener for privacy information.

This week Cameron Christensen and Anthony Faso explain the financial resilience of mutual insurance companies, exploring how these organizations have stood the test of time through every major economic downturn of the last century—including the Great Depression, the stagflation era of the 1970s and 80s, the 2008 financial crisis, and even the COVID-19 pandemic. Discover why mutual insurance companies continue to thrive when banks and other financial institutions struggle, and what this means for investors pursuing the Infinite Banking Concept. Whether you're storing capital for future investments or simply looking for a stable place to grow your wealth, this episode delivers must-know insights on the safety and strategy behind mutual insurance companies.   Resources: Join the Infinite Wealth Study Group: https://www.facebook.com/share/g/qC3sAWg6PhHYpRAs/  Schedule your 15-minute call with Anthony or Cameron here: http://bit.ly/iwc15podcast Check our online course at www.InfiniteWealthCourse.com Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC 

Thomas E. Patterson's monumental biography of Huey Long is a profound reevaluation of his life and legacy, recognizing him as an inspirational progressive thinker, populist hero, and radical influence on the New Deal before an assassin's bullet ended his life in 1935. First as governor and then as U.S. senator, Long transformed the politics of Louisiana by standing for the interests of citizens whom state officials had historically ignored. He eased suffrage restrictions so that more people could vote, and voters endorsed his program of more robust government services and shifting the tax burden to those better able to pay. In the United States Senate, during the darkest days of the Great Depression, he advocated loudly and ceaselessly for the redistribution of wealth, expanding public works, increasing the money supply, insuring bank deposits, paying old-age pensions and veterans' benefits, delivering a minimum income for families, and funding college and vocational education. President Franklin D. Roosevelt, along with other politicians and pundits, dismissed Long's proposals as nonsense put forth by a reckless demagogue in search of votes.Despite several biographies, acclaimed novels, and historical studies in the years since Long's death, his reputation today is mostly caricature: a spellbinding speaker, a dictator, a populist firebrand who was unprincipled and corrupt. Using previously untapped personal papers of Long and his son Russell, other primary sources, recent scholarship, and his experience as a lawyer, Patterson provides a necessary corrective as he analyzes the contours of Long's career, deconstructs the elements of his success, undercuts several myths related to his time in office, and explains the circumstances that led to his ultimate downfall. The result is the most comprehensive, balanced, and analytical study of the Kingfish to date.Buy the book here

Karl Marx in America (University of Chicago Press, 2025), by Andrew Hartman To read Karl Marx is to contemplate a world created by capitalism. People have long viewed the United States as the quintessential anti-Marxist nation, but Marx's ideas have inspired a wide range of people to formulate a more precise sense of the stakes of the American project. Historians have highlighted the imprint made on the United States by Enlightenment thinkers such as Adam Smith, John Locke, and Thomas Paine, but Marx is rarely considered alongside these figures. Yet his ideas are the most relevant today because of capitalism's centrality to American life.In  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. Andrew Hartman is professor of history at Illinois State University. He is the author of A War for the Soul of America: A History of the Culture Wars, published by the University of Chicago Press, and Education and the Cold War: The Battle for the American School. He is also the coeditor of American Labyrinth: Intellectual History for Complicated Times. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: https://www.youtube.com/user/a48266/videos Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

In this very special and deeply personal episode, I sit down with the wisest woman I know, my 97-year-old grandmother, Shirley Curtis.We recorded a conversation prior to this as a way to preserve our family history, but the response from my community when I shared a photo of us talking was so overwhelming that I knew I had to bring it to Good Skin Circle. And I'm so glad I did.My grandma grew up during the Great Depression on a working farm, where her father raised registered Black Angus cattle. She started working at the age of 10 and never stopped. She's lived through wars, economic downturns, societal shifts, and the kind of day-to-day sacrifice most of us couldn't imagine.In our conversation, she shares what it was like to live her entire life in a marriage that lacked, but was built on loyalty and family values. She opens up about the reality of self-sacrifice, her unwavering commitment to kindness and respect, and her belief that like attracts like, and kind attracts kind.It's honest. It's funny. It's emotional.It's the type of conversation that gently reminds you how privileged we are — to have choices, to pursue work we love, and to practice self-care as an act of freedom.I cried listening back to it. I hope it stirs something in you, too.

Markets crashing? Interest rates spiking? Inflation roaring? Welcome to history. This week, we dig into 130 years of stock market meltdowns—from the panic of World War I to the Great Depression, 1970s stagflation, the dot-com collapse, and the 2008 financial crisis—to uncover timeless lessons that can fortify your financial future. Joe Saul-Sehy is joined by Miranda Marquit, Jesse Cramer, and OG to examine how investors have historically responded to chaos... and how you should, too. You'll learn why diversification matters, why panic rarely pays, and why staying the course (even when it's scary) can be the smartest move of all. Of course, this wouldn't be the Stacking Benjamins Show without a trivia detour that involves mailing children through the U.S. Postal Service (yes, that happened). Buckle up for laughter, insight, and financial takeaways that are as practical as they are entertaining. What WWI, the Great Depression, and 1970s inflation can teach us about investing Why “The Lost Decade” wasn't a loss for long-term thinkers How to build a resilient portfolio that weathers the storm Our infamous trivia game: How much could a kid weigh and still be legally mailed in the 1920s? A few money-saving hacks, podcast updates, and your weekend preview from the basement Whether you're a seasoned investor or just building your financial foundation, this episode will leave you smarter, more confident, and—let's be honest—way more amused than the average market history lecture. FULL SHOW NOTES: https://stackingbenjamins.com/lessons-from-stock-market-history-1695 Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201 Enjoy! Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this transformative episode, host Kara Chaffin Donofrio introduces the powerful "Code of 100 Fold" - a mindset shift that can revolutionize how you approach money, abundance, and giving. Drawing from personal experiences during a family vacation to the Bahamas, Kara shares how this simple yet profound concept helped her overcome inherited money stories and scarcity patterns. This episode explores the intersection of conscious spending, generational healing, and the universal law of reciprocity, offering listeners a practical tool for creating more abundance and impact in both business and life.Episode Topics:The Code of 100 Fold: Understanding the intention behind conscious spending and givingGenerational Money Stories: How inherited beliefs from the Great Depression era still impact us todayScarcity vs. Abundance Mindset: Breaking patterns of fear-based thinking around moneyUniversal Laws: The law of reciprocity and giving and receiving in actionConscious vs. Unconscious Spending: The difference between wise intention and reckless spendingEnergy and Currency: How love, joy, and money function as different forms of currency2025 as a Year of Choice: Moving forward in love versus fear in uncertain timesBusiness and Soul Alignment: Using abundance principles to create greater impactInsights:Money stories are often unconsciously inherited from previous generations and can be healed through awareness and intentionThe Code of 100 Fold involves spending money with the conscious intention that it blesses the recipient 100 times overThis practice shifts your energy from scarcity and retraction to gratitude and expansionConscious spending doesn't mean reckless spending - it's about being intentional and wise while maintaining an abundant mindsetLove and money are both forms of currency, and the energy you put out into the world mirrors back to youTrue abundance includes ease in work, aligned opportunities, and overall life flow - not just financial wealthChoosing to move forward in love versus fear creates different experiences and opportunitiesThe practice can extend beyond money to include giving time, attention, and presence with the same blessing intentionHighlights:00:01 Welcome and Intro02:20 Discussion on Money Stories03:38 Abundance and Money Mindset06:57 Mindset Around Spending Money10:29 Conscious Spending and Intentions14:24 The Law of Reciprocity and Conscious Living18:25 Being a Gift to Others21:25 Podcast episode endedResources:Business Coach Jen Cutmore: Special package for Soul Inspiring Business listeners (details in show notes)Previous Episode: 100th episode featuring Jen Cutmore discussing brand archetypesBook Reference: "The Go-Giver" - exploring laws of reciprocity and giving/receivingTransform your relationship with money and abundance by implementing the Code of 100 Fold in your daily life. Start with small purchases and consciously set the intention that your spending blesses others 100 times over. Notice how this shifts your energy and experience. If you're ready to dive deeper into clearing unconscious money blocks and aligning your business with your soul's purpose, check out the special package with business coach Jen Cutmore designed exclusively for Soul Inspiring Business listeners. Share this episode with someone who could benefit from shifting their money mindset, and don't forget to leave a review to help spread this message of conscious abundance to more people who need to hear...

Today, we delve into the timeless topic of sexuality through the ages. From the intimate lives of Neanderthals—did they interbreed with Homo Sapiens?—to the wild excesses of Ancient Rome and Greece, and even the romantic customs during the Great Depression in the United States, this episode covers it all! Join us for a fascinating journey into humanity's intimate history. Chapters: 00:00:00 - The Strange Truth About Neanderthal Sex Lives 00:07:44 - What It Was Like Being a Sex Worker In 18th Century London 00:17:51 - The Strange Truth About Puritan Sex Lives 00:28:00 - What Sex Was Like in Ancient Rome 00:37:06 - What Sex Was Like For British Royals 00:47:33 - What Sex Was Like In Ancient Greece 00:57:27 - What Dating During The Great Depression Was Like 01:07:02 - The Science Behind Our Strange Sex Practices 00:00:00: The Strange Truth About Neanderthal Sex Lives00:07:44: What It Was Like Being a Sex Worker In 18th Century London00:17:51: The Strange Truth About Puritan Sex Lives00:28:00: What Sex Was Like in Ancient Rome00:37:06: What Sex Was Like For British Royals00:47:33: What Sex Was Like In Ancient Greece00:57:27: What Dating During The Great Depression Was Like01:07:02: The Science Behind Our Strange Sex Practices #sexuality #history #Neanderthals #AncientRome #AncientGreece #GreatDepression #sexpractices See show notes: https://inlet.fm/weird-history/episodes/684c4b6c530cf6a852aa8bdf Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is a family saga that captures the essence of rural America, Helen Sheehy's Just Willa spans seven decades of one woman's life, taking us from the Dust Bowl to the Depression, from Roosevelt to Reagan. It gives us a character of indomitable spirit—the daughter of a homesteader who survives the trials of single motherhood and goes on to marry a bootlegging cowboy—who fuels and anchors her family with love and bravery. And it shows us a world filled with people and struggles both realistic and relatable—a world that is beautiful, despite its hardships.HELEN SHEEHY grew up on tenant farms in Oklahoma and Kansas. She has worked as a dramaturg, written a theatre textbook, and authored biographies of three theatre pioneers: Margo: The Life and Theatre of Margo Jones (Southern Methodist University Press, 1989), Eva Le Gallienne: A Biography (Knopf, 1996), and Eleonora Duse: A Biography (Knopf, 2003). The latter two books were named New York Times notable books of the year. Sheehy taught theatre and acting at Southern Connecticut State University for more than two decades. After spending years writing non-fiction, she has turned to her earliest love, telling stories. She lives in Hamden, Connecticut. "Just Willa" is her first novel. https://www.amazon.com/Just-Willa-Helen-Sheehy/dp/1734267836http://www.yourlotandparcel.org

Are we heading toward a global correction, or just caught in fear?With uncertainty dominating today's headlines, it is natural to look for historical patterns that help make sense of what is next. In this episode, Dr. Adam Gower, founder of GowerCrowd and a seasoned real estate capital advisor, unpacks the financial lessons he uncovered from studying the Great Depression and how they apply to navigating today's volatile market. From capital preservation to creativity under pressure, this episode is filled with hard-earned wisdom for investors looking to endure and thrive in uncertain times. In this episode, you'll learn: - Why the impact of major downturns often feels delayed in real estate but is no less severe - How low leverage, lender relationships, and capital reserves helped investors survive the Great Depression- Why creativity (like Hilton's asset management pivot) was essential during past crises- What signals Adam Gower is tracking now that concern him more than any in his 40-year career- How to rethink financial freedom, modest wealth-building, and burn rate in a post-2024 world - Why long-term perspective, humility, and helping others are critical for building an extraordinary life Guest: Dr. Adam Gower Founder, GowerCrowd Newsletter: gowercrowd.com Research paper: https://gowercrowd.com/real-estate-syndication/resources/navigating-uncertainty-great-depression-lessons PhD in History, Banking and Risk Mitigation Former President, Asia Pacific at Universal Studios For a deeper dive into Adam's research on the Great Depression and its parallels to today's macroeconomic landscape, find the link to his white paper in the show notes.  Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *

 Peter Conti-Brown is a historian and legal scholar of the Federal Reserve System, and an associate professor at the Wharton School of Business at the University of Pennsylvania. Sean Vanatta is a senior lecturer in financial history and policy at the University of Glasgow. Peter and Sean join the show to discuss their new book titled: Private Finance, Public Power: A History of Bank Supervision in America, as well as how powerlifting can be analogized in macroeconomics, and the implications of Trump v. Wilcox. Check out the transcript for this week's episode, now with links. Recorded on May 27th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:02:02 - Powerlifting 00:06:17 - Trump v. Wilcox 00:12:27 - Private Finance, Public Power 00:15:18 - Supervision vs. Regulation 00:22:52 - Banking in the Early Republic 00:36:10 - Consolidation of Regulators 00:41:06 - Focus of the Fed 00:45:00 - The Great Depression 00:56:10 - When to Let a Bank Fail 01:02:47 - Outro

Phillip Toews, founder of Toews Asset Management, delivers a master class in portfolio construction that challenges everything you thought you knew about investing. Drawing from historical market catastrophes often ignored by conventional wisdom, Toews reveals how a traditional 60/40 portfolio would have been devastated during the Great Depression – losing up to 72% of its value and remaining down over 60% after thirteen years.This eye-opening conversation explores the concept of "adaptive fixed income" as Toews walks us through the little-discussed bond bear market from 1945 to 1981 that eroded investor wealth by 21% in real terms. With high sovereign debt levels globally and unprecedented monetary policy responses, Toews suggests we may be vulnerable to currency debasement rather than traditional market dynamics.The heart of Toews' philosophy lies in his revolutionary approach to behavioral finance. Rather than starting with conventional portfolios and coaching investors through volatility, he advocates designing "all-weather" portfolios from the ground up that address both economic and psychological needs. His hedged equity approach aims to capture most market upside while dramatically limiting participation in downturns, potentially allowing investors to maintain positions during crashes and capitalize on eventual recoveries.Toews introduces the concept of "corona bias" – just as society was unprepared for a pandemic despite historical precedent, investors ignore financial catastrophes outside their professional lifetimes. This collective amnesia leaves portfolios vulnerable to recurrences of historical calamities.Whether you're an investment professional seeking to differentiate your practice or an individual investor concerned about today's complex market environment, this conversation provides a roadmap for building portfolios designed to withstand various economic scenarios while managing the crucial behavioral aspects of investing. Discover why Toews' recently published book "The Behavioral Portfolio" is changing how advisors approach client relationships and portfolio construction.With ChatDOC, instantly analyze professional documents using AI — featuring word-level citations, chart/formula breakdowns, cross-file query, and full support for PDFs/epub/scanned files.Free version handles 10 documents (up to 3000 pages) and cross-searches 30 files.Click the link below to unlock +10 document slots : https://chatdoc.com?src=leadlaglive Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

Gene Tunny and Darren Brady Nelson delve into the gold reserves at Fort Knox, exploring whether the gold is as pure as expected and what the implications might be for the U.S. dollar if it's not. They cover the history of gold confiscation, central bank policies, and the enduring allure of gold in uncertain economic times. This episode was inspired by a question Gene received at a talk he gave to the AusIMM Sydney branch in April 2025. Darren is currently the Chief Economist at Fisher Liberty Gold. This episode contains general information only, and nothing in this episode should be considered as investment or financial advice.  Please email Gene your thoughts on this episode via contact@economicsexplored.com.TimestampsDarren Brady Nelson's Role at Fisher Liberty Gold (0:00)Investing in Gold Through Fisher Liberty Gold (3:00)The Gold in Fort Knox: Historical Context and Implications (5:11)The Quality and Purity of Gold in Fort Knox (7:58)The Role of Gold in Economic Uncertainty and Impact of Tariffs (28:57)Central Banks' Role in Gold Markets (34:08)The Future of Gold and Monetary Policy (38:37)The Independence of Central Banks (40:53)The Role of Government in Economic Growth (48:46)Final Thoughts and Future Topics (53:41)TakeawaysFort Knox's Gold Purity Questioned: Much of the U.S. gold reserve came from coin melts, meaning it may fall short of the “Good Delivery” standard of 99.5% purity.Audit Calls from High Places: Figures like Trump, Elon Musk, and Rand Paul have recently advocated for a Fort Knox audit.Central Banks Stockpile Gold: Global central banks are shifting reserves from U.S. dollars to gold, with 1,000 metric tons of gold purchases expected in 2025.Gold as Growth, Not Just Protection: Darren's modelling shows gold may outperform the S&P 500 over the long term.Audit the Fed?: The episode concludes with a discussion on Ron Paul's push to audit the Federal Reserve and whether central banks should remain as independent as they are.Links relevant to the conversationFisher Liberty Gold:https://www.fisherlibertygold.com/Mises Institute article “The Gold at Fort Knox Was Stolen from Americans”:https://mises.org/mises-wire/gold-fort-knox-was-stolen-americansMises Institute article “How Much Gold Does the US Government Own, and Where Is It?”:https://mises.org/power-market/how-much-gold-does-us-government-own-and-where-itReuters report on central bank gold purchases:https://www.reuters.com/world/india/central-banks-track-4th-year-massive-gold-purchases-metals-focus-says-2025-06-05/Bernanke's apology for Great Depression on behalf of the Fed to Milton Friedman:https://www.federalreserve.gov/boarddocs/speeches/2002/20021108/Perth Mint:https://www.perthmint.com/In Gold We Trust report:https://ingoldwetrust.report/?lang=en   Peter Bernstein's book “The Power of Gold”:https://www.amazon.com.au/Power-Gold-New-Foreword-Obsession/dp/111827010XLumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED 

Before the Fed existed, J.P. Morgan literally had to bail out the banking system. That's when the U.S. realized depending on wealthy individuals to prevent financial collapse wasn't sustainable—and the Federal Reserve was born.In this episode, I (Jessie!) try to wrap my head around how the Fed went from an emergency backstop in 1913 to one of the most powerful institutions in the world. Jess helps me trace the Fed's messy glow-up: from freezing during the Great Depression to gaining real tools and some independence after World War II.Here's what we learned:The Fed wasn't created to run the economy—it was just supposed to stop bank panics.It failed hard in the 1930s, so Congress gave it more power and structure.During WWII, it worked closely with the Treasury, but inflation forced a breakup in 1951. That split gave us the independent Fed we have today—aka the one that's not supposed to take political orders.It turns out, Fed independence isn't just some finance nerd hill to die on—it's what helps protect the entire economy from political chaos.If you're like me and thought, “Wait, the Fed didn't always manage the economy?”—this episode is for you. And yes, we've got more Fed deep dives coming. Because wow… there's a lot more to unpack.------------------------------------------------

This Day in Legal History: SEC EstablishedOn this day in legal history, June 6, 1934, the United States Securities and Exchange Commission (SEC) was established as part of the sweeping reforms of the New Deal. The SEC was created by the Securities Exchange Act of 1934 in response to the stock market crash of 1929 and the ensuing Great Depression, which exposed widespread fraud, manipulation, and lack of oversight in the financial markets. Its primary mission was, and remains, to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.President Franklin D. Roosevelt appointed Joseph P. Kennedy, a former stockbroker and businessman, as the SEC's first chairman. The choice was controversial—Kennedy had profited handsomely from some of the same speculative practices the SEC was meant to prevent—but Roosevelt believed that Kennedy's insider knowledge would make him an effective regulator.The SEC was empowered to regulate the securities industry, enforce federal securities laws, and oversee the nation's stock and options exchanges. Among its early duties were requiring public companies to file detailed financial disclosures, registering securities before public offering, and monitoring insider trading. The commission also played a key role in restoring investor confidence in U.S. capital markets during a time of deep financial mistrust.Over time, the SEC expanded its reach, responding to new financial products, trading technologies, and crises. From investigating corporate accounting scandals like Enron and WorldCom, to managing the regulatory fallout of the 2008 financial crisis, the SEC has remained a pivotal force in shaping American financial law. It continues to evolve, now addressing issues such as crypto asset regulation, ESG disclosures, and algorithmic trading.Speaking of the SEC, U.S. District Judge Reggie Walton dismissed a lawsuit challenging the SEC 2020 rule changes that made it more difficult for shareholders to submit proposals at corporate annual meetings. The rules, enacted late in President Trump's term, raised the ownership thresholds and lengthened holding periods required to file shareholder proposals. They also introduced stricter resubmission requirements for proposals previously rejected by shareholders.The plaintiffs, including the Interfaith Center on Corporate Responsibility, As You Sow, and shareholder advocate James McRitchie, argued the changes disproportionately harmed proposals on environmental, social, and governance (ESG) issues and reduced long-term shareholder value. They claimed the SEC failed to assess the benefits of such proposals before implementing the rules.Judge Walton rejected these claims, ruling that the SEC adequately justified the changes under its mandate to promote efficiency, competition, and capital formation. The SEC, which had defended the rules during both the Trump and Biden administrations, argued that the reforms ensured shareholder proposals had broader relevance and potential for meaningful corporate action. The 2020 vote on the rule changes split along party lines, with Republican commissioners in support. While the SEC declined to comment on the ruling, the plaintiffs expressed disappointment and affirmed their commitment to corporate engagement on environmental and social issues.SEC wins dismissal of lawsuit challenging tighter rules on shareholder proposals | ReutersOpenAI filed an appeal challenging a court order that requires it to indefinitely preserve ChatGPT output data in an ongoing copyright lawsuit brought by The New York Times. OpenAI argues the order conflicts with its user privacy commitments and sets a troubling precedent. The preservation directive was issued last month after The Times requested that all relevant log data be maintained and segregated.OpenAI CEO Sam Altman publicly criticized the order on social media, affirming the company's stance against actions it sees as compromising user privacy. The appeal, filed on June 3, asks U.S. District Judge Sidney Stein to vacate the preservation requirement.The lawsuit, filed in 2023, accuses OpenAI and Microsoft of using millions of Times articles without permission to train ChatGPT. In April, Judge Stein ruled that The Times had plausibly alleged that OpenAI and Microsoft may have encouraged users to reproduce copyrighted content. The ruling rejected parts of a motion to dismiss the case and allowed several of the Times' claims to move forward, citing multiple examples of ChatGPT generating material closely resembling Times articles.OpenAI appeals data preservation order in NYT copyright case | ReutersPresident Donald Trump's 2026 budget proposal includes a plan to eliminate the Legal Services Corporation (LSC), an independent agency that funds civil legal aid for low-income Americans. The proposal seeks $21 million for an "orderly closeout" of the organization, which had requested $2.1 billion to meet growing demand. The LSC supports 130 nonprofit legal aid programs that assist with issues such as evictions, disaster recovery, and access to public benefits.Critics warn that the move would devastate legal aid access for millions, particularly in rural areas and the South. In Louisiana, for example, there is just one legal aid lawyer for every 11,250 eligible residents. Legal aid leaders say they already turn away half of those seeking help due to budget constraints, and the proposed funding cut would further limit their reach.Organizations like Southeast Louisiana Legal Services and Legal Aid of North Carolina would lose 40–50% of their funding, jeopardizing services for communities still recovering from recent hurricanes. Legal Services NYC, the largest legal aid provider in the country, has implemented a hiring freeze in anticipation of possible cuts.The proposal revives a long-standing conservative goal. Past Republican efforts to dismantle the LSC date back to the Reagan era, and Trump made a similar attempt in 2018. The Heritage Foundation has accused the LSC of supporting controversial causes, but legal aid advocates argue the organization is vital to community stability and fairness in the justice system.Trump Plan to Ax Legal Aid a Conservative Aim That Targets PoorIn a piece I wrote for Forbes last week, I discuss how the IRS has quietly released the underlying codebase for its Direct File program on GitHub, marking a rare moment of transparency in government software. At the center of this release is something called the “Fact Graph,” a logic engine that models tax rules as interrelated facts rather than a linear checklist. Built using XML and Scala, the Fact Graph interprets ambiguous tax data, identifies contradictions or omissions, and suggests paths forward, all in a transparent, declarative format.What sets this apart is that, unlike proprietary tax software, Direct File's logic isn't hidden—it's open, reviewable, and potentially improvable by anyone. This move not only demystifies some of the inner workings of tax enforcement but also sets a precedent: if algorithms are mediating our legal obligations, we should be able to see and understand the rules they follow.The release is particularly striking in an era of eroding public trust in institutions and increasing reliance on automated decision-making. While Direct File itself remains limited in scope and its future uncertain, the open-sourcing of its logic engine may have laid the groundwork for broader change. Other agencies—from state tax departments to those experimenting with AI-driven policy enforcement—could adopt similar transparency, allowing the public to engage with and even help refine the systems that govern them.Peeking Behind The Code—IRS Just Open-Sourced Direct FileThis week's closing theme is by Robert Schumann and comes courtesy of Christopher Zbinden. This week's closing theme is Robert Schumann's Toccata in C major, Op. 7, a dazzling showcase of Romantic-era pianism and one of the most technically demanding works in the standard repertoire. Composed in 1830 and revised in 1833, the piece earned a reputation early on as a pianist's Everest—Franz Liszt himself dubbed it “the hardest piece ever written.” Clocking in at just over five minutes when played at tempo, it's a relentless whirlwind of perpetual motion, requiring both physical stamina and interpretive precision.The toccata form, traditionally a virtuosic keyboard piece emphasizing dexterity, becomes in Schumann's hands something more cerebral. Beneath its bravura surface lies a structure built on two contrasting themes, developed with intricate counterpoint and rhythmic displacement. The left hand must execute rapid repeated notes and wide leaps with precision, while the right weaves through syncopated figures and chromatic runs, creating a dense musical texture.Schumann dedicated the piece to his friend Ludwig Schuncke, who had recently died at the age of 23. That personal connection adds an emotional layer to a work that might otherwise be heard as pure technical spectacle. Unlike many showpieces of the era, Schumann's Toccata isn't just difficult for difficulty's sake—it's an expression of obsession, energy, and youthful ambition.For a composer better known for lyrical piano miniatures, the Toccata is an early signal of the depth and range Schumann would explore in later works. As this week closes, it offers a fitting sendoff: intricate, driven, and a little manic—in the best Romantic sense of the word.Without further ado, Robert Schumann's Toccata in C major, Op. 7 – enjoy! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

In this episode of The Brainy Business podcast, Melina Palmer welcomes back Jason Voiovich, author of the intriguing book, Bullfrogs Bingo and the Little House on the Prairie. Together, they explore the innovative spirit of the Great Depression, a time often associated with scarcity, yet brimming with unexpected creativity and invention. Jason shares fascinating stories from his book, highlighting how necessity drove innovation during tough economic times. From the invention of Scotch tape to the rise of flour sack dresses, he illustrates how companies adapted to meet consumer needs in unique ways. Melina and Jason discuss the importance of understanding customer psychology and the ecosystem surrounding innovations, emphasizing that successful products often emerge from a deep understanding of the market and its challenges. In this episode: Discover how the Great Depression spurred innovation rather than stifling it. Learn about the cultural shift that led to pets becoming cherished family members and the rise of dedicated pet products. Explore the concept of iterative innovation and how companies can adapt to meet changing consumer needs. Understand the significance of curiosity in the innovation process and how it can lead to unexpected opportunities. Gain insights into how historical lessons can inform modern marketing strategies and product development. Get important links, top recommended books and episodes, and a full transcript at thebrainybusiness.com/503. Looking to explore applications of behavioral economics further? Learn With Us on our website. Subscribe to Melina's Newsletter Brainy Bites. Let's connect: Send Us a Message Follow Melina on LinkedIn The Brainy Business on Youtube The Brainy Business on Instagram

In the first week of June 1930, America was on the brink of economic apocalypse with its Smoot-Hawley tariffs – and their effects would be felt terribly Down Under and around the world. In this very same week, Aussies set in motion a process that'd further guarantee we suffered horribly in the Great Depression. At least in good news, Sydney welcomed heroic aviatrix Amy Johnson in what was the first example of modern celebrity hysteria in Australia. For a bit of fun, we also look at the Smoot-Hawley tariff scene from Ferris Bueller's Day Off, learning how actor-economist Ben Stein later returned to his dreary economics teacher role to campaign for a Republican American Senator who's still in power and who has/had some surprising trade views on Australia.Get more of Forgotten Australia as a supporter by using a free trial that will give you access to ad-free, early and bonus episodes:Patreon: patreon.com/forgottenaustraliaApple: apple.co/forgottenaustraliaWant more original Australian true crime and history? Check out my books!They'll Never Hold Me:https://www.booktopia.com.au/they-ll-never-hold-me-michael-adams/book/9781923046474.htmlThe Murder Squad:https://www.booktopia.com.au/the-murder-squad-michael-adams/book/9781923046504.htmlHanging Ned Kelly:https://www.booktopia.com.au/hanging-ned-kelly-michael-adams/book/9781922992185.htmlAustralia's Sweetheart:https://www.booktopia.com.au/australia-s-sweetheart-michael-adams/book/9780733640292.htmlEmail: forgottenaustraliapodcast@gmail.com Hosted on Acast. See acast.com/privacy for more information.

The Blue Ridge Parkway is the longest roadway in the U.S. that was planned as a single unit. Its origin is connected to government efforts to provide relief from the Great Depression, and conservation of the Blue Ridge Mountains. Research: "Restoring Western North Carolina's Infrastructure: NCDOT Receives $250 Million in Federal Emergency Relief Funds." National Law Review, 21 Feb. 2025. Gale Academic OneFile, link.gale.com/apps/doc/A828346450/GPS?u=mlin_n_melpub&sid=bookmark-GPS&xid=b22cedc8. Accessed 12 May 2025. "The Blue Ridge Parkway." NCpedia. Accessed on May 14th, 2025. https://www.ncpedia.org/anchor/blue-ridge-parkway. “Report In Full of Secretary Work’s Appalachian National Park Committee. “National Parks and Conservation Magazine.” 1924-11-25: Iss 42. https://archive.org/details/sim_national-parks_1924-11-25_42/page/n5/ Averill, Graham. “The Blue Ridge Parkway: A Monumental Drive.” Our State. 9/27/2021. https://www.ourstate.com/the-blue-ridge-parkway-a-monumental-drive/ Buxton, Barry. “Blue Ridge Parkway: Agent of Transition.” Proceedings of the Blue Ridge Parkway Golden Anniversary Conference. Appalachian Consortium Press/Boone, North Carolina. 1986. Coutant, Linda. “Helene Recovery, 7 Months After the Storm.” National Parks Conservation Association. 4/26/2025. https://www.npca.org/articles/8198-helene-recovery-7-months-after-the-storm Coutant, Linda. “Helene: Facing Loss and the Blue Ridge Parkway’s ‘Most Tremendous Challenge’.” National Parks Conservation Association. https://www.npca.org/articles/5459-helene-facing-loss-and-the-blue-ridge-parkway-s-most-tremendous-challenge “Driving Through Time: The Digital Blue Ridge Parkway.” https://docsouth.unc.edu/blueridgeparkway/ Jolley, Harley E., “Blue Ridge Parkway: The First 50 Years,” Appalachian State University Libraries Digital Collections, accessed May 14, 2025, https://omeka.library.appstate.edu/items/show/43667. Landis, Mark. “This 5,600-mile highway route was created to see 12 national parks in the West.” The Sun. 6/13/2022. https://www.sbsun.com/2022/06/13/this-5600-mile-highway-route-was-created-to-see-12-national-parks-in-the-west/ Mitchell, Anne V. “Culture, History, and Development on the Qualla Boundary: The Eastern Cherokees and the Blue Ridge Parkway, 1935-40.” Appalachian Journal , WINTER 1997, Vol. 24, No. 2. Via JSTOR. https://www.jstor.org/stable/40933835 National Park Service. “Blue Ridge Parkway: Virginia and North Carolina.” From Highways in Harmony online books exhibit. https://www.nps.gov/parkhistory/online_books/hih/blue_ridge/index.htm Roberts, Brett G. “Returning the Land: Native Americans and National Parks.” Ave Maria Law Review 148 (Spring, 2023). https://www.avemarialaw.edu/wp-content/uploads/2023/07/v21.Roberts.final38.pdf Speer, Jean Haskell. “’Hillbilly Sold Here’: Appalachian Folk Culture and Parkway Tourism.” From Parkways: Past, Present and Future. International Linear Parks Conference. Appalachian State University. (1987). Via JSTOR. https://www.jstor.org/stable/j.ctt1xp3kv8.33 S. Department of Transportation Federal Highway Administration. “America's Highways 1776-1976.” U.S. Government Printing Office. https://archive.org/details/AmericasHighways1776-1976 Whisnant, Anne Mitchel. “Routing the Parkway, 1934.” Driving Through Time. DocSouth. https://docsouth.unc.edu/blueridgeparkway/overlooks/competing_routes/#footnote9 Whisnant, Anne Mitchell. “A Capsule History of the Blue Ridge Parkway.” Appalachian Voice. 10/11/2017. https://appvoices.org/2017/10/11/a-capsule-history-of-the-blue-ridge-parkway/ Whisnant, Anne Mitchell. “Super-Scenic Motorway: A Blue Ridge Parkway History.” University of North Carolina Press. 2006. Zeller, Thomas. “Consuming Landscapes: What We See When We Drive and Why It Matters.” Johns Hopkins University Press. 2022. https://dx.doi.org/10.1353/book.103002 See omnystudio.com/listener for privacy information.

Playing with a theory on the fluidity of time, a college professor accidentally transports himself back to the period before the Great Depression. His interference with the time-space continuum alters his future drastically. | #RetroRadio EP0427Join the DARKNESS SYNDICATE: https://weirddarkness.com/syndicateCHAPTERS & TIME STAMPS (All Times Approximate)…00:00:00.000 = Show Open00:01:50.000 = CBS Radio Mystery Theater, “Time Killer” (April 05, 1976)00:47:02.019 = The Mysterious Traveler, “Death Has a Thousand Faces” (September 21, 1948)01:13:54.269 = Mystery House, “Sauce For Goose” (September 30, 1945) ***WD01:39:44.069 = Night Beat, “Elinar Pierce And Family” (October 13, 1950) ***WD02:09:50.649 = CBC Nightfall, “In The Name of the Father” (December 11, 1981) ***WD02:39:16.009 = Mr. and Mrs. North, “Milkman's Ring” (July 15, 1947) ***WD03:04:12.029 = Obsession, “Cousin Charlie” (November 27, 1950) ***WD03:27:23.809 = Mystery Playhouse, “Turnabout” (May 20, 1946) ***WD03:50:10.769 = Price of Fear, “Goody Two Shoes” (May 30, 1983) ***WD (LQ)04:17:22.859 = Adventures of Ellery Queen, “One Diamond” (May 06, 1948)04:46:31.635 = Show Close(ADU) = Air Date Unknown(LQ) = Low Quality***WD = Remastered, edited, or cleaned up by Weird Darkness to make the episode more listenable. Audio may not be pristine, but it will be better than the original file which may have been unusable or more difficult to hear without editing.Weird Darkness theme by Alibi Music LibraryABOUT WEIRD DARKNESS: Weird Darkness is a true crime and paranormal podcast narrated by professional award-winning voice actor, Darren Marlar. Seven days per week, Weird Darkness focuses on all thing strange and macabre such as haunted locations, unsolved mysteries, true ghost stories, supernatural manifestations, urban legends, unsolved or cold case murders, conspiracy theories, and more. On Thursdays, this scary stories podcast features horror fiction along with the occasional creepypasta. Weird Darkness has been named one of the “Best 20 Storytellers in Podcasting” by Podcast Business Journal. Listeners have described the show as a cross between “Coast to Coast” with Art Bell, “The Twilight Zone” with Rod Serling, “Unsolved Mysteries” with Robert Stack, and “In Search Of” with Leonard Nimoy.= = = = ="I have come into the world as a light, so that no one who believes in me should stay in darkness." — John 12:46= = = = =WeirdDarkness® is a registered trademark. Copyright ©2025, Weird Darkness.= = = = =CUSTOM WEBPAGE: https://weirddarkness.com/WDRR0427

In the cultural war zones of corporate America, something strange is happening. June has arrived—but the battlefield looks... quiet. Rainbow logos are missing from brands that once flew them proudly. Anheuser-Busch, after three decades, has pulled its sponsorship from St. Louis Pride. Target, rejected by organizers in its own backyard, is sitting on the sidelines in Minneapolis. And Nike? For the first time since 1999, no global Pride collection.Pride Month—once the high holy season of the modern West—looks less like a parade and more like a retreat.But is it?Is this merely a tactical withdrawal, a marketing pause in response to conservative backlash? Or is it something deeper? Is it, perhaps, the beginning of a broader collapse—something more than a pendulum swing?We've seen pendulum swings before. The 1920s flaunted its rebellion, only to sober up in the dustbowl austerity of the Great Depression. The sexual revolution of the 60s gave way to the Moral Majority of the 80s. But neither lasted. Both faded. Both were reactions, not reformations or returns to what is true.In this episode, we'll examine that pattern—what distinguishes a short-lived recoil from a lasting revival. We'll report on what's really happening with Pride Month in 2025: which corporations are retreating, which still advance under a quieter banner, and how the local landscape tells a more complicated story than national headlines admit.And then we'll ask the only question that matters: If this were the beginning of a true Christian reformation—what would it look like?Because repentance doesn't look like silence. It looks like confession. It looks like repudiation. It looks like CEOs not just dropping rainbow logos but publicly affirming God's truth.This episode is brought to you by our premier sponsors, Armored Republic and Reece Fund, as well as our Patreon members and donors. You can join our Patreon at patreon.com/rightresponseministries or donate at rightresponseministries.com/donate.The smoke may be clearing—but the war isn't over. Not even close.Let's get into it.MINISTRY SPONSORS: Kingsmen Caps Carry the Crown with Kingsmen Caps — premium headwear made for those who honor Christ as King. https://kingsmencaps.com Mid State Accounting Need help with bookkeeping, tax returns, or fractional CFO services? Call Kailee Smith at 573‑889‑7278 or visit: https://www.midstateaccounting.net Mention the Right Response podcast and get 10% off your first three months. Heaven's Harvest Get 10% off your order with discount code "RRM" at checkout: https://heavensharvest.com/rrm Armored Republic Tools of Liberty for the defense of every free man's God-given rights: body armor, plate carriers, and more. https://www.ar500armor.com/ Private Family Banking FREE e-book: How to Build Multi-Generational Wealth Schedule a Free 30-Minute Discovery Appointment Western Front Books Publishing for men on the right. Not churchy. Christian. https://www.WesternFrontBooks.com/

Tariffs might seem like dusty matters for economists, but their effects on fresh produce have been anything but dry. In this episode, John and Patrick trace the surprising - and at times surreal - impact of American trade policy on fruits and vegetables. First, they dive into the Mongrel Tariff Act of 1883, where a tomato's very identity was put on trial to decide whether it was a fruit or vegetable. Next it's on to the chaos of the Smoot-Hawley Tariff Act, a protectionist gamble that backfired spectacularly on American farmers during the Great Depression. Then, they move on to more recent history to discuss the so-called "Banana Wars" - a bitter trade dispute between the United States and Europe that saw fresh produce caught in the crossfire. Finally, John and Patrick turn to the present day, asking what Trump's tariff wars have meant for modern growers, and whether history offers any guidance for navigating the uncertain future of fresh produce.----------In Sponsorship with Cornell University: Dyson Cornell SC Johnson College of Business-----------Join the History of Fresh Produce Club for ad-free listening, bonus episodes, book discounts and access to an exclusive chatroom community.Support us!Share this episode with your friendsGive a 5-star ratingWrite a review -----------Subscribe to our biweekly newsletter here for extra stories related to recent episodes, book recommendations, a sneak peek of upcoming episodes and more.-----------Step into history - literally! Now is your chance to own a pair of The History of Fresh Produce sneakers. Fill out the form here and get ready to walk through the past in style.-----------Instagram, TikTok, Threads:@historyoffreshproduceEmail: historyoffreshproduce@gmail.com

Author and financial expert, Chris Whelan, joins Keith as they explore the intricacies of the housing market's potential future. Chris drops an intriguing prediction of a possible 20% price correction. They dive deep into the complex world of real estate, examining the pandemic's significant impact on mortgages and economic trends. The conversation reveals the behind-the-scenes challenges of the housing market, from government interventions to the nuanced effects of interest rates and forbearance programs. They unpack the struggles in commercial real estate, particularly highlighting the unique challenges in markets like New York's rent-controlled properties. Chris's new book "Inflated: Money, Debt, and the American Dream" promises an insightful journey through America's economic transformation, tracing how the nation evolved from an agrarian society to a global economic powerhouse. Show Notes: GetRichEducation.com/556 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, what's the state of the housing market for the next five years, and could what's happening in the foreclosure market affect it? I see relative housing market price stability. My guest sees cracks. This could be somewhat of a debate today, then two great new cash flow and real estate markets in the same state that we're helping your portfolio with on get rich education, mid south home buyers, I mean, they're total pros, with over two decades as the nation's highest rated turnkey provider. Their empathetic property managers use your ROI as their North Star. So it's no wonder that smart investors just keep lining up to get their completely renovated income properties like it's the newest iPhone. They're headquartered in Memphis and have globally attractive cash flows and A plus rating with the Better Business Bureau and now over 5000 houses renovated. There's zero markup on maintenance. Let that sink in, and they average a 98.9% occupancy rate, while their average renter stays more than three and a half years. Every home they offer has brand new components, a bumper to bumper, one year warranty, new 30 year roofs. And wait for it, a high quality renter, remember that part and in an astounding price range, 100 to 180k I've personally toured their office and their properties in person in Memphis, get to know Mid South. Enjoy cash flow from day one. Start yourself right now at mid southhomebuyers.com that's mid south homebuyers.com.   Corey Coates  1:56   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  2:12   Welcome to GRE from Edison, New Jersey to Edinburgh, Scotland, where I am today, and across 188 nations worldwide, I'm Keith Weinhold, and you are back for another wealth building week on get rich education. Today's guest came to me recommended. It came from a guest that we've had on the show here before, Jim Rickards and his daughter Ally Rickards. His name is Christopher Whelan. He has a distinguished background. Comes from a prominent family, and he's the author of a new book that just published a few weeks ago. His father, Richard Whelan, was the biographer of Joe Kennedy, and was advisor to presidents and Fed chairman and today's guest, his son there, Chris. He has done a lot of work in DC. He lives just north of New York City today. So I guess coming recommended from Jim Rickards and learning a few things about today's guest helped me want to host him on the show. So though I'm just meeting him for the first time right here on the show, as it turns out, I learned that he has mentioned on other channels that real estate prices could correct down 20% and fall back to 2020 levels. I absolutely don't see how that's possible in any way. I'm going to bring that up with him, so we'll see. This could turn into somewhat of a debate. Like I said last week, I believe that significantly falling housing prices. That's about as likely as grocery store prices falling back to 2020 levels. Yes, I am in Edinburgh, Scotland today. It's my first time here. My mom, dad and also my brother's entire family came over from the US to meet up. It's been great. We're taking in all the best sites, Edinburgh Castle, other castles, the Scottish Highlands, Loch Ness, though I don't believe in any Loch Ness monster at all. I mean, come on, what a hoax. And we're seeing some other sites, though it didn't really interest the others, which I could understand. I visited the home where Adam Smith once resided, and I might put my video about that on our get rich education YouTube channel, so you could check that out over there. Of course, Adam Smith is considered the father of modern day economics for his work on supply versus demand and the GDP concept, the invisible hand, concept, much of that work conveyed in his magnum opus, The Wealth of Nations, published in 1776 as for the present day, let's meet this week's guest, including me, meeting him for the first time.     I'd like to welcome in a first time guest. He's the author of a widely acclaimed new book. It's named inflated money, debt and the American dream. It just released, and the book couldn't be more timely with the multitude of challenges related to inflation, many involving the housing market in his earlier books, he's been known, frankly, for just telling his readers the truth. He's worked at the Federal Reserve Bank of New York in politics and as an investment banker for more than 30 years. Today, he runs Whalen Global Advisors. You've seen him on CNBC in the Wall Street Journal, and now you're hearing him on GRE Welcome to the show. Chris Whalen.   Chris Whalen  5:43   Thank you, Keith, appreciate your invitation.    Keith Weinhold  5:45   Whalen is spelled W, H, A, l, e, n, if you're listening in the audio only, Hey, Chris, we're in a really interesting time in the economic cycle. We all know the Fed has a dual mandate, high employment and stable prices. What's interesting to me is, late last year, they cut rates by a full 1% and this is despite inflation being above target. Makes me wonder if they care more about high employment and they're rather willing to let inflation float higher. What are your thoughts?    Chris Whalen  6:18   I think historically, that's been the case. You know, the dual mandate Humphrey Hawkins, that drives the Fed's actions today was a largely socialist compromise between the Republicans and the Democrats. The Democrats wanted to guarantee everybody a job after World War Two, the legislation was really about soldiers and people who had served their country in many, you know, places around the world, for a long time, and then you would have the depression. So you had a whole generation or more of people that were looking for help when they came home. And that's what this was. But today, you know, there's another mandate, which is called keeping the treasury bond market open. We saw it was during COVID in 2020 President Trump got up, declared that people didn't have to pay their rent or their mortgages, and then didn't do anything. There was no follow up. At the time, folks in mortgage industry kind of looked at each other funny for about 60 days and said, What's going to happen? Because they have to advance principal, interest, taxes and insurance to protect the house. The first rule in mortgage finances protect the asset. But it all worked because the Fed dropped interest rates to zero and we had a boom. We refinanced two thirds of every mortgage in the United States, and that cash flow allowed the finance forbearance for millions of Americans. Now the unfortunate part, of course, was home prices went up double digits for six years. So why we had no affordability today? So, you know, it helped, but it certainly didn't help in some ways,   Keith Weinhold  7:48   mortgage loan forbearance back in the COVID era about five years ago, where you could basically just skip your mortgage payment and then they increase the overall duration of your loan period.   Chris Whalen  8:00   That's right. So you know, your government market, your conforming market, were falling. They also had various schemes, state forbearance for non agency loans. Nobody thought at all about the multifamily sector and the developers that didn't get paid for two years. And we're feeling the impact of that. Of course, today, that's probably the biggest pain point in US economy today is commercial real estate and multi family real estate, and neither one of them involves a consumer. So it gets no attention at all. You read about it in the specialty press, but that's about it.    Keith Weinhold  8:34   And by talking about multi family not affecting the consumer, you're just talking about who's on the owner side there?   Chris Whalen  8:40   precisely if all of the consumers have problems, you'd hear about it, and you do, especially in some of the blue states. I live in New York, so we have some of the more aggressive rent stabilization, rent control laws in the country. And they go back to World War Two. They go back almost a century,   Keith Weinhold  8:58   right? It's those people in the one to four unit space in residential real estate investing that really got the help there.    Chris Whalen  9:06   Well, at least, you know, the world didn't end. Imagine if all of those people had gone to foreclosure. The industry wouldn't have done that. Of course, they would have thrown up their hands and cried for help. But the point is, they made it work. But the cost of making it work that zero interest rate regime that the Fed put in place is still being felt today. If you look at banks which typically have prime large mortgages on their books, the loss given default is zero. Home prices are so high that if somebody actually goes to foreclosure, they sell the house, they pay off the loan easily, and there's usually a large residual left, which would go to the homeowner. So today, you know, if somebody gets in trouble, we do a short sale, we do a deed in lieu, and off they go. And that's why the stats don't show you the pain that many American families are feeling today, because about 60% of all payoffs of one to four family mortgages are people who. Are exiting the market, they're not going to buy another house. So what that means is that the cost of home ownership, or whatever other factors are involved, has made them make the decision not to go to another home mortgage.    Keith Weinhold  10:13   Yes, we have this historically low affordability that's beginning to be reflected in the home ownership rate. It's trended down from about 66 to 65% recently, we continue to be in this environment here, Chris in the one to four unit space, where those existing homeowners are in really good shape. They have record high equity levels of over 300k A lot of them have their home paid off. About 40% of American homeowners own their home free and clear, and of the remainder, those borrowers, 82% still have a mortgage rate of under 5% and of course, that principal and interest payment stays fixed. So even if there's economic hardship, it's pretty easy for people to make their payments and stay in their homes.   Chris Whalen  11:02   Well, it certainly is for most of the marketplace. If you look at the bottom 20% the FHA market, also the VA market, there's a little more stress there. There's still an awful lot of people who are in various types of forbearance in that market. That's going to end in October. So the Trump administration is pushing most of the rules back to pre COVID approaches for delinquency, for example, what we call the waterfall. And what that basically means is that if an FHA borrower gets in trouble, they'll have one shot at a modification where they lower the loan cost and stick part of the loan out the back to be paid off when the house is sold. If that doesn't take, if they don't re perform, then they're going to go to a foreclosure. We just ended another program for veterans. You know, they had three weeks notice, so now you're going to see a lot of veterans going to foreclosure. Unfortunately.   Keith Weinhold  11:56   yes, this administration is basically making sure that people are responsible or resume their payments. We've seen that student loan repayments needing to resume as well. Most foreclosure rate types are still pretty low, but yes, FHA foreclosure rates are higher than those for conventional loans.    Chris Whalen  12:15   Yeah, the interesting thing is, the veterans delinquency rate is half of the FHA rate, and even though people in uniform don't make a lot of money, they pay their bills. Yeah, it's quite striking.   Keith Weinhold  12:25   Why don't you talk to us more about areas where you see distress in the housing market before we talk about more inflation? Chris, the   Chris Whalen  12:34   key areas of housing stress at the moment are commercial real estate that has become underutilized. COVID drove a lot of this, but also the fact that industries could change their work practices. It could have people work from home. Look at housing. We sent everybody home in 2020 while we increased headcount by a third to address a surge in lending volume. It was insane. I gotta tell you, we were hiring people that we didn't see for months that changed the business model assumptions for a lot of industries. A lot of them moved out of blue states and went down to Florida and Texas. In the mortgage industry particularly, and so we have a lot of older real estate particularly, that is suffering. It has dropped in terms of appraised values. You also have higher interest rates and higher cap rates, that is to say the assumption of returns on the part of investors. So that hurdle has made a lot of these properties impaired, essentially. And then the other subclass is older multifamily properties. Think about those beautiful old apartments in the middle block up on the east side or the west side of Manhattan. They're not big enough to be viable, and so they have become this kind of subprime asset class, much in the way if you recall the signature bank failure, they typically bank these sorts of real estate properties, and now there's nobody that wants them. I think you're going to see some very specific pain coming out of HUD, and also Fannie Mae and Freddie Mac because they bank some of these smaller properties that really aren't bankable by commercial banks. That's what it comes down to. If you're going to read about this and hear about it a lot in the commercial market over next several years. And again, you know, the losses on bank owned multifamily properties today are averaging 100% so that means that there are a lot that have more expenses than simply losing the full loan amount. And you know, if you want to have a bank loan, they're not taking these properties. They don't want them, right? So the bank, REO rate, if you look at the data from the FDIC, is zero. And what that tells you is that they can't sell the properties they don't want them, because if they take ownership, the city's not going to let them abandon the property. They'll have to keep it and maintain it. It's a tough situation. This is. Has evolved over the last 20 years or so, because consumer incomes have been kind of stagnant in real terms. But the cost of operating a property in New York City is not going down. It's going up quite a lot, and the legislation we've seen from Albany doesn't allow owners to recapture expenses, doesn't allow them to renovate apartments. So if I have a rent stabilized apartment, I'll use a real example, in a beautiful building on Central Park South right, to renovate a unit that's been occupied for 20 years, new kitchen, new bathroom, sir, everything services. That's $150,000 so if I'm the owner and I can't recapture that cost. What do I do? I lock the door, I gut the apartment, and I lock the door, and I hope that the laws will change in the future, because I can't rent it, my insurance underwriter will not allow me to rent out an apartment that's not brought up to code. That's New York law, but the folks in Albany don't care about that. We have some really unreasonable people in positions of authority, unfortunately, in some of these states, and you talk to them about these issues, and they don't care. They just pander to consumers, regardless of whether or not it makes sense or not. And that's just the way it is.   Keith Weinhold  16:15   Those evil landlords, quote, unquote, most right evil. They're just mom and pop investors that are trying to beat inflation with real assets, and they have real expenses. Rent Stabilization basically just being a genteel term for rent control, which gives no one an incentive to improve a property for sure   Chris Whalen  16:35   and it reduces the availability of housing ultimately, because nobody builds. You see that in New York right now the home market is pretty tight, up to the conforming limit for Fannie Mae and Freddie Mac so you figure a million, 1,000,002 here in New York. But above that, it's quieted down quite a lot. There's compression in some of the higher end homes. And you know, if you go down south, you see a different problem, which is over building. They didn't want to build here, so they went down to the Carolinas and Texas and Florida. There's a huge amount of both multi family condo type developments and single family homes too. But above that average price level way above half a million dollars.   Keith Weinhold  17:15   Sure, it's made this dynamic where things have been flip flopped in the Northeast and Midwest, where the populations aren't growing very fast, those markets have been appreciating more than those in the high growth southeast, all coming back to supply. They're not bringing on enough new supply in the Northeast and Midwest, Chris has just laid out a few reasons for that, due to this high regulation. And then in the southeast, a high growth area, even though that's where people are moving, we're not getting much appreciation there, because you're able to build and that supply is able to keep up with demand. Well, Chris and I are going to talk more about the housing market and about inflation. When we come back, you're listening to get rich education. Our guest is Chris Whelan, the author of a great new book. I'm your host. Keith Weinhold.   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Caeli Ridge personally. While it's on your mind, start at Ridge lendinggroup.com. That's Ridge lendinggroup.com.    You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. 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We're talking with the author of a great new book, Chris Whelan, it's called inflated money, debt and the American dream. Chris, I see the residential housing market and their price points as being resilient. I'm kind of looking around and seeing if you have any places where you think that there are any cracks in that? I've heard you talk elsewhere about a housing price correction. Were you talking in the one to four unit space? And how do you think that could happen?   Chris Whalen  20:31   I didn't come up with that idea. I did a biography of my good friend Stan middleman, who's the founder of freedom mortgage. It's a real rags to riches story of a successful entrepreneur, a great guy, by the way, is a beloved man in the mortgage industry. And so what he believes is that cycles are about a decade in terms of human behavior. And he says misery on the eights, which is kind of a cute way of saying it. And what Stan is basically saying is you eventually see so much price appreciation that affordability goes to zero. You run out of buyers, is another way to put it. And then once the Fed gooses it, he thinks we see an interest rate decline this year next year, perhaps you get rates to run a little bit. You get volumes to jump the way they did last summer. You remember, in the third quarter, we had great volumes in the mortgage industry, carried everybody through to the end of the year, and then after that, he says, we get a price correction, maybe back down to 2020 21 levels. So we're talking about a 20% price correction, and we're talking about the loans that have been made in the last few years being underwater. That's something we haven't talked about in a long time. We haven't talked about that since 2008 so I think that Americans inevitably have to see some kind of a correction. What the Fed did was wrong, what they did was excessive. I write about that in the end of my book, but unfortunately, the result is home prices that have galloped along, and eventually you got to reset it. Part of its supply coming online. Part of it is simply, like, I say, you run out of buyers, and when it's simply that purchase buyer who is either all cash or happens to have the deposit, and that's all you have. And there's no flexibility for people that want to get into the market. You know, that's tough. I could recall Paul Volcker years ago, we were talking about that in the book too. He ratcheted down home prices. He raised interest rates so much that home prices went down, and a lot of builders went out of business who had had a lot of snls go out of business, and, you know, the previous decade. So that was a tough time. We didn't even start to do that this time around, because they were afraid to the Fed is worried about keeping the Treasury market open, so they are afraid of deflation, which unfortunately means you don't get those opportunities to get into the market. I remember my parents, when I was very young, they would buy busted homes in Washington, DC. It was a great way to make a lot of money, and in five years, the House would double. That's the kind of market Washington was   Keith Weinhold  23:05   in my opinion, I don't see how there could be any substantial residential home price correction. Historically that happens when there's a wide swath of homeowners that get into financial trouble, like I was talking about earlier, the homeowner is in great financial shape today. In fact, since World War Two, we've only seen home prices drop substantially during one period. That was that period around 2008 and that's when we had conditions that are opposite of what they are today. We had loans underwritten with liar loans. We had an over supply of homes, like I was saying earlier, inflation can't touch one's principal and interest payment. We're still under supplied with homes. Most experts don't think we'll get that into balance for at least five years. I really don't see how home prices could fall substantially. I also don't see how they could rise substantially, like, say, 10% due to that low affordability, but I expect continued stability in prices?    Chris Whalen  24:02   Well, we'll see. I'm not as sanguine about that, because a lot of people feel house rich on paper, but when the bottom of the stack is really hurting as it is now, FHA delinquency rates really are in probably the mid teens. You don't see that yet in the middle with the 727, 40 FICO type borrowers. But I think over time you could, and if, again, it depends on the economy and some other factors, but I'll tell you right now, you're already seeing a correction in the hyad the bottom half, no. And there's a supply problem here, which I agree with you on. It's going to keep those home price is pretty firm. And even where I am in New York, for God's sake, Keith, there's no construction here. So we just had a house across the street from me go from million one. I live in Sleepy, hollow New York, and you know, this is typically around the conforming limit for prices for most of these homes, and it went for 150 $1,000 over the ask, it was crazy. Went in two weeks now, during COVID, we saw this sort of behavior, and we thought, Well, okay, you had zero interest rates. I got a 3% mortgage, by the way, awesome. But here we have a situation when markets cooled down a lot, and yet the lack of availability is really the driver. So in that sense, I agree with you, but I do think the high end could correct rather substantially.   Keith Weinhold  25:24    And of course, in multi family apartments, that's different. That's where values in a lot of markets have been depressed by more than 30% they were subject to those interest rates being jacked up, and we're still going to see balloon loans mature and people default on those in apartments. The pain is not over with air, but at some point that's going to bottom out, and that'll be a buyer opportunity in apartments.   Chris Whalen  25:47    Well, the thing is, new stuff is going fine. It's what happens is when the new gets built, the older assets down the road get discounted. That's really what's going on. People love new as you know, these kids love a new house, as opposed to an older house.   Keith Weinhold  26:02   Yes, that'll help reset the prices in the new market when you can compare those to what existing values are. Well, Chris, talk to us more about your new book and what the overall thesis of the book is in these critical times.    Chris Whalen  26:16   Inflated is meant to help people understand how our country went from agrarian, sleepy, isolationist America in the 1900s to being the dominant economy in the world and the provider of global money. We talk about how we got here. We talk about Abraham Lincoln and Franklin Roosevelt and many other characters. Obviously, we had to talk about Andrew Jackson, who is now embodied in our president, Donald Trump. We try and frame how this is all going to evolve in the future. And my thesis is basically the global currency role is something you get during or after a war. We took the baton from Great Britain after the First World War, and then by the end of World War Two, everybody in the world was broke, except for us. It was last man standing. And so rebuilt the world. We let everybody take advantage of us, and now President, who's saying, Nope, we got to change this. I think if it wasn't Trump, it would be somebody else. To be honest with you, Americans are tired of high inflation. They're tired of some of the other costs that come along with being the global reserve currency, so we try and frame all of this in an understandable way. And I particularly talk about housing during COVID and how that all really, I think, changed things for many Americans. Home ownership has been one of the basic ways we create wealth in this country, and the fact that we didn't have an opportunity for people to get in cheap with a fixer upper or a house that was foreclosed. You know, I think it's unfortunate, but the system just can't tolerate it. We've gone in 2008 and then in 2020 through two very significant crises when the government bond market stopped working. So we talk about that as well.   Keith Weinhold  28:03   I don't predict interest rates. I think it is really difficult to do you mentioned earlier about the prospect for lower interest rates coming. Everyone wants to know about coming. What's your outlook for the future of interest rates and inflation for just say the next five years? Chris,    Chris Whalen  28:19   I think interest rates will drop. That is to say what the Fed controls, which is short term interest rates. In the next year or so, we'll have a little bit of a boom as a result. But I think the concern about the federal deficit and US debt, the volatility caused by President Trump's trade strategy, and just general I think a sense of uncertainty among investors is going to keep long term interest rates higher than we saw during COVID And really the whole period since 2008 the Fed bought a lot of duration and took it out of the market, so they kept rates low. They're not going to do that as much in the future. I don't think they'll buy mortgage securities again, they are very chastened by that experience. So if they don't buy mortgage backed securities, and if the banks don't become more aggressive buyers, and I don't think they will, then you know, the marginal demand that would drive mortgage rates down is just not going to be there. Banks have been holding fewer and fewer mortgages and mortgage backed securities on their books for 35 years. If you look at the growth in the industry, the dollar amount of one to four family mortgages hasn't changed very much. So when you look at it that way, it's like, you know what's wrong? Two things. They want to only make mortgages to affluent households. They want to avoid headline risk and litigation and fines and all of that. And I think also, too some of the Basel capital rules for banks discourage them from holding mortgages and mortgage servicing rights, which is an area I work in quite a lot.   Keith Weinhold  29:55   It seems to me, like increasingly, the powers. It be the United States government just won't let the homeowner fail. They want to do so much to promote home ownership over the long term, we see relative ease with getting a mortgage. We've seen lower down payment requirements during other times, including COVID. We see the government jump in with things like mortgage loan forbearance and an eviction moratorium for renters. They just don't want to let people lose their homes. It just seems like there's more propensity to give homeowners a greater safety net than ever. Well,   Chris Whalen  30:29   we've turned it into an entitlement. Yeah, and Trump is changing that at the federal level. The states, the blue states, are going to continue to play that game at the state level, and they can even have state moratoria. But what's going to happen, and I think sooner rather than later, is you may see the federal agencies start to tier the states in terms of servicing fees, simply to reflect the cost. It takes over 1400 days to do a foreclosure in New York. Gosh, that is a big problem. You can lose the lien in New York now, it takes so long. So I think that, you know, from an investor perspective, from a developer perspective, it's not an attractive venue. That's just the reality. Then you even California is as progressive and as activists as it is, you can still get a foreclosure done very quickly using the trustees. It's just a totally different situation. If there are complications, you can get into a judicial foreclosure, which will take longer. But still, California works. New York is deliberately dysfunctional. We have people in the state legislature who are in foreclosure themselves, and they keep passing these laws. So, you know, I think at the federal level, you're going to see it roll back to pre COVID, but I will say that forbearance, both with respect to the agency and conventional market and private loans, is kind of the rule. Now we work with the borrower much more than we would in the past. It's it is really night and day.   Keith Weinhold  32:00   Chris, your new book has gotten a lot of acclaim. Let us know anything else that we should know about this book, and then if we can get it in all the usual places   Chris Whalen  32:10   you can buy it at Barnes and Noble Amazon. I have a page on my website, RC, waylon.com, with all the relevant links. But the online is the best way to get it. Most of the sales are on Kindle anyway, but well over 90% are online, so we don't have to worry about physical books. I think we'll be doing some book signings in the New York area. So we'll definitely let you know about that.   Keith Weinhold  32:33   One last thought is that the rate of inflation means more to a real estate investor than it does to a layperson, maybe five times as much or more, because when we borrow for an income property, our asset floats up with inflation. That part's really just a hedge on inflation. Our debt gets debased by inflation, which is really a mechanism for profiting from inflation over time. And then, thirdly, our cash flow tends to go up even faster than the rate of inflation, since our principal and interest stays fixed, so real estate investors can often be the beneficiary of inflation. It's sort of strange to go root for a force like inflation that can impoverish so many people. But what are your thoughts with respect to real estate investors and inflation?   Chris Whalen  33:19   Well, you know, it's funny when Jerome Powell at the Fed says that they have a 2% inflation target, my response is, well, we better have at least 2% inflation if we're going to make commercial real estate work. Commercial real estate went up for 75 years after World War Two. I can remember when I was in the rating business at Crowell bond ratings going to see some of the banks here in New York, their multifamily books had only seen the equity underneath the asset go up and up and up. In other words, the land ended up being 90% of the value, you know, 1520, years after the purchase and the improvements were almost worthless simply because the land appreciated so much. Now that has changed since COVID. A lot of commercial real estate, particularly has gotten under a bit of a cloud. You've seen falling prices. However, in parts of the country that are growing where you have a positive political environment, positive economic environment, you're still seeing fantastic growth in both commercial and multifamily markets. So I think being very careful and patient in doing your homework in terms of picking venues is more important now than ever before. You know, I'll give you an example. Down in Florida, we're building new malls every day. The mall down the road that's 15 years old. There's nothing wrong with it, but it's 15 years old. And so the price discounts that you're seeing for existing assets are rather striking. Same thing down in the Carolinas, down in, you know, Atlanta, and going down to the Texas growth spectacle, I'm always astounded by what's going on in Texas. They built so much in that whole area around South Lake, out by the airport. It, they're going to basically subsume used it. So, you know, in those markets, you have great opportunities, but you also have over building. And so we're going to see some cycles where they're going to be deals out there for projects that maybe were a little too ambitious have to get restructured, and astute investors can come in and do very well on that   Keith Weinhold  35:20   like we often say around here, in real estate investing, the market is typically even more important than the property itself. The name of Chris's new book, again, is inflated money, debt and the American dream. It has an awful lot of intersections with real estate investors and how they can play inflation. Uh, Chris has been a terrific conversation about the real estate market and larger market forces. It's been great having you here on the show.   Chris Whalen  35:47   Thank you, Keith. Let's do it again.   Keith Weinhold  35:49   Yeah, some good insights from Chris, a smart guy. And gosh, what a really sad state for rent stabilized apartments in New York City, where landlords of some of those properties, they would have to spend sometimes hundreds of 1000s of dollars in order to bring them up to code, but then they couldn't charge enough rent to offset those expenses due to government intervention and price fixing, so landlords just lock up the property vacant. And this sort of harkens back to when we were talking about some of this last year, when we had documentary film maker jen siderova on the show with her film called shopification, and it was about how rent control slowly makes neighborhoods fall into disrepair. All right, Chris and I had some difference of opinion there on the prospects for a home price correction. I think I made most of my points. He did, though, talk about running out of home buyers. If I have him back, maybe I'll pick up right there. More buyers are baked into the demographics, like I think I shared with you one time the US had its highest ever birth rate years between 1990 and 2010 more than 4 million births per year for a lot of those years. Just to review this with you, you might remember that 2007 was the US is peak birth year. Add 38 years to that for the average first time homebuyer age, and that housing demand won't even peak until 2045 and it will continue to stay high for a few years after that. So that's where the demand is just going to keep coming from, just piling on. And when I say that loan conditions have eased for American homeowners, like I did there during the interview, of course, what I'm talking about is the long term. I mean, lending conditions got more rigid after 2008 and with the adoption of Dodd Frank. What I'm talking about is, before the Great Depression, it was most common to have to make 50% to 60% down payments on property, and you had to repay the entire note in five to 10 years. I mean, can you imagine how that would hurt affordability today and then later, by 1950, 15, year loans were the common one. I mean, even that would impair affordability today. Today, 30 year loans are the common one, and you can put as little as 3% down on a primary residence. A lot of people don't know that either. It does not take 20% on a primary residence. So that's what I mean about the relative ease of credit flow today. Now, Chris has knowledge about other parts of the real estate market that I don't for his work inside DC and in other places like the foreclosure market. We talked about some of that right after the interview. For example, He was letting acronyms like NPL roll off his tongue, and I had to ask him what that meant. That's a non performing loan. Check out Chris's new book. Again, it's called inflated money debt in the American dream. And again, his website is RCwhalen.com and Chris also has a great sense of history, which we didn't get into, longtime real estate guys radio show co host Russell gray and I will discuss monetary history here on the show soon. Like I said, I'm coming to you from Edinburgh, Scotland this week, even if you don't see great sites, you know, it's interesting just walking the historic streets here, if you're an American that's visited here before, you surely know what I mean. And I told you that I'd let you know, the current real estate transaction I'm involved in is paying $650 a night for the hotel here in Edinburgh. Yes, that's a lot. I've actually paid less for fancier places in Dubai, but this hotel here is on the Royal Mile. Of course, I could have found less expensive accommodations elsewhere.    Speaking of less expensive, here's an announcement. And we have new investment property providers at GRE marketplace, two of them, the markets are both in Oklahoma, and they are Oklahoma City and Tulsa, Oklahoma as a state, is known for landlord friendly eviction processes and legal systems, kind of the opposite of New York. So this makes your property management more predictable. Now, when we look at this city, OKC has the lowest priced new single family rentals. I can think of it under 160k Yes, that really puts the exclamation point on inexpensive and favorable rent to price ratios often exceeding 1% which is obviously attractive for cash flow, meaning a 150k single family rental could yield over $1,500 in rent. There's high rental demand in certain sub markets. We have scouted out those exact places for you in the OKC metro, like Edmond Moore spelled M, O, O, R, E, and Midwest City, all supporting consistent rent income, though it was once really oil dependent, OKC has diversified economically, reducing your risk tied to commodity cycles and ok sees local economy that's supported by industries including aerospace, energy, health care and logistics. Then there's Tulsa. Tulsa has the highest cash flowing new build duplexes, perhaps anywhere in the US that I know about. On the single family rental side, a lot of Tulsa investors can find properties under 150k with monthly rents again exceeding 1% of the purchase price, clearly ideal. So yes, both Oklahoma City and Tulsa are now on GRE marketplace. You can either visit the pages and see them there, or one of our qualified, experienced GRE investment coaches. Meet with them. They can help guide you to the very best deals and show you the specific property addresses available right at this time for whatever best meets your needs. If you're looking to either start or expand to another market and you seek cash flow, you really need to consider Oklahoma. Yes, it is free to have a strategy session with an investment coach, whether that's for Oklahoma or other investor advantage regions. I often like to leave you with something actionable. You can start at GREinvestment coach.com start book a meeting for a free strategy session remotely. That's at GREinvestment coach.com, until next week, I'm your host. Keith Weinhold, don't quit your Daydream.   Dolf Deroos  42:51   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Advice, opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC exclusively.   Keith Weinhold  43:14   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got pay walls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you'll also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre to 66866. While it's on your mind, take a moment to do it right now. Text, gre to 66866.   The preceding program was brought to you by your home for wealth, building, getricheducation.com.

George Selgin is a senior fellow and director emeritus at the Center for Monetary and Financial Alternatives at the Cato Institute, as well as the author of the new book titled False Dawn: The New Deal and the Promise of Recovery, 1933-1947. George returns to the show to discuss the complicated economic history of the Great Depression, how that history has led us to the macro-events of 2008, 2010, and 2020, how we can apply lessons from the Great Depression to macroeconomic policy to the current moment, and much more. Check out the transcript for this week's episode, now with links. Recorded on May 13th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow the show on X: @Macro_Musings Follow George on X: @GeorgeSelgin Check out our new AI chatbot: the Macro Musebot! Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel  Timestamps 00:00:00 - Intro 00:00:25 - Welcoming George Selgin and False Dawn 00:03:25 - Why Another Book on the Great Depression? 00:06:37 - The New Deal's Role in Recovery from the Great Depression 00:08:50 - Myths About the New Deal Overview of the Great Depression 00:12:30 - Measuring Unemployment 00:16:42 - The Gold Standard and the Great Depression 00:27:05 - Helpful: Suspension of the Gold Standard and the Bank Holiday 00:35:47 - Unhelpful: Reconstruction Finance Corporation 00:38:02 - Helpful: Creation of the Home Owners Loan Corporation 00:42:31 - Unhelpful: The National Recovery Administration 00:48:42 - Unhelpful: Fiscal and Monetary Policy and Ignoring Keynes 00:57:17 - Lessons for Today: Uncertainty 01:00:56 - The Lesson of Level Targeting 01:06:42 - Breaching Contracts 01:11:40 - Outro

In this episode, we explore one of the most chilling and bizarre murder-for-hire plots in American history: the Philadelphia Poison Ring. During the Great Depression and into the early 1940s, a quiet rowhome neighborhood became the center of a deadly scheme led by Italian immigrant cousins Herman and Paul Petrillo. Behind the veil of a magical fix or insurance fraud was a criminal operation that blended superstition, arsenic, and murder for profit. We uncover how the ring manipulated Italian immigrants with promises of love spells and good fortune, only to lead many to their deaths. From poisoned dinners to bludgeonings, this episode dives deep into the Petrillos, thier accomplices, and the victims. Our featured music is from Hex Automata with the song "From the Cradle to the Rave".

Historian Victoria Bynum turns now to her own history in this multigenerational American saga spanning from 1840 to 1979. Through meticulous historical research, personal letters, diaries, and the unpublished memoir of Mary Daniel Huckenpoehler, the author's maternal grandmother, Bynum examines five generations within the broader context of the nation's history, navigating pivotal events such as First Wave immigration, the Civil War, the Gilded Age, the Great Depression, two world wars, the Cold War, and beyond. Child of a mother from Waconia, Minnesota, and father from Jones County, Mississippi, Bynum blends a historian's voice with personal experiences, intertwining her grandmother's unpublished memoir and letters with her own role as a diarist and historian. She explores class, race, ethnicity, and gender dynamics. From the rise of Welsh immigrant ancestors in the Upper Midwest and the Gilded Age privileges of her grandmother's upbringing to Bynum's own tumultuous childhood in the 1950s and early 1960s as she is shuttled between Georgia, Mississippi, Minnesota, Florida, and California, Bynum grapples with numerous dangers of being raised in a volatile environment marked by alcohol-fueled violence, sexual degradation, and neglect. Against the backdrop of racial segregation, civil rights movements, and the Cold War, Deep Roots, Broken Branches: A History and Memoir (UP of Mississippi, 2025) traces the author's coming-of-age journey, and the profound influence of her grandmother. Revealed through the lens and tensions of an Air Force family, Deep Roots, Broken Branches explores Bynum's intellectual curiosity, voracious reading habits, and turbulent path through early motherhood, divorce, and higher education in California. Throughout, her grandmother remains a stabilizing force, offering inspiration and guidance. This book paints a vivid portrait of a southern identity's growth amid personal challenges and broader societal shifts. 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

We speak with Lauren Arrington about her forthcoming book on women artists in the Federal Arts Project. The Great Depression rendered 140,000 women and girls across the United States homeless. In 1935, Franklin Delano Roosevelt founded the Works Progress Administration (WPA) that employed 8.5 million people over the course of eight years. Soon, the WPA instituted a landmark ruling forbidding sexual discrimination. As a result, between thirty and forty percent of newly hired artists on federal projects were women. This equity of opportunity enabled women to rise to positions of leadership and have access to resources that had a lasting effect on national institutions and on the history of art. In her book, Arrington challenges the popular memory of WPA art as a story of straight white men. Instead, she argues that the works of art that many women created under the Federal Arts Project made visible Black, immigrant, and women's lives in a way that challenged segregationist, xenophobic, and sexist structures intrinsic in the nation's institutions. During our conversation, Arrington explores the extraordinary achievements and tribulations of New Deal women artists and administrators. Among them include Alice Neel, Gwendolyn Bennett, Augusta Savage, Georgette Seabrooke, Lenore Thomas, and Pablita Velarde. Along the way, we track how these women and the Federal Art Project more broadly came under fire from local and national government officials who attempted to censor or suppress their radical work, to fire them from their jobs or force their resignations from projects, and to investigate them for “un-American” activity. We contemplate the challenges of writing histories of lost and often deliberately destroyed archives. And we consider the lessons of women's participation in the Federal Arts Project for the future politics of public arts provisioning.Lauren Arrington is Chair and Professor of English at University of South Florida. Visit our Patreon page here: https://www.patreon.com/MoLsuperstructureMusic by Nahneen Kula: www.nahneenkula.com

Historian Victoria Bynum turns now to her own history in this multigenerational American saga spanning from 1840 to 1979. Through meticulous historical research, personal letters, diaries, and the unpublished memoir of Mary Daniel Huckenpoehler, the author's maternal grandmother, Bynum examines five generations within the broader context of the nation's history, navigating pivotal events such as First Wave immigration, the Civil War, the Gilded Age, the Great Depression, two world wars, the Cold War, and beyond. Child of a mother from Waconia, Minnesota, and father from Jones County, Mississippi, Bynum blends a historian's voice with personal experiences, intertwining her grandmother's unpublished memoir and letters with her own role as a diarist and historian. She explores class, race, ethnicity, and gender dynamics. From the rise of Welsh immigrant ancestors in the Upper Midwest and the Gilded Age privileges of her grandmother's upbringing to Bynum's own tumultuous childhood in the 1950s and early 1960s as she is shuttled between Georgia, Mississippi, Minnesota, Florida, and California, Bynum grapples with numerous dangers of being raised in a volatile environment marked by alcohol-fueled violence, sexual degradation, and neglect. Against the backdrop of racial segregation, civil rights movements, and the Cold War, Deep Roots, Broken Branches: A History and Memoir (UP of Mississippi, 2025) traces the author's coming-of-age journey, and the profound influence of her grandmother. Revealed through the lens and tensions of an Air Force family, Deep Roots, Broken Branches explores Bynum's intellectual curiosity, voracious reading habits, and turbulent path through early motherhood, divorce, and higher education in California. Throughout, her grandmother remains a stabilizing force, offering inspiration and guidance. This book paints a vivid portrait of a southern identity's growth amid personal challenges and broader societal shifts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

In week three of Firm Foundation, Dr. Scott McKee takes us on a sweeping journey through 2,000 years of church history to remind us of the rich legacy we inherit as followers of Jesus—and as part of the Evangelical Presbyterian Church. From the bold reforms of Martin Luther and John Knox to the founding of Ward Church in Detroit during the Great Depression, Pastor Scott traces the faithful witness of those who came before us and invites us to stand on their shoulders with gratitude and courage. As we prepare to host our denomination's General Assembly, we're reminded that the Church is not a man-made institution, but a Spirit-empowered movement, built on the foundation of the apostles and prophets, with Christ as the cornerstone. This is our story. This is our noble heritage.

Historian Victoria Bynum turns now to her own history in this multigenerational American saga spanning from 1840 to 1979. Through meticulous historical research, personal letters, diaries, and the unpublished memoir of Mary Daniel Huckenpoehler, the author's maternal grandmother, Bynum examines five generations within the broader context of the nation's history, navigating pivotal events such as First Wave immigration, the Civil War, the Gilded Age, the Great Depression, two world wars, the Cold War, and beyond. Child of a mother from Waconia, Minnesota, and father from Jones County, Mississippi, Bynum blends a historian's voice with personal experiences, intertwining her grandmother's unpublished memoir and letters with her own role as a diarist and historian. She explores class, race, ethnicity, and gender dynamics. From the rise of Welsh immigrant ancestors in the Upper Midwest and the Gilded Age privileges of her grandmother's upbringing to Bynum's own tumultuous childhood in the 1950s and early 1960s as she is shuttled between Georgia, Mississippi, Minnesota, Florida, and California, Bynum grapples with numerous dangers of being raised in a volatile environment marked by alcohol-fueled violence, sexual degradation, and neglect. Against the backdrop of racial segregation, civil rights movements, and the Cold War, Deep Roots, Broken Branches: A History and Memoir (UP of Mississippi, 2025) traces the author's coming-of-age journey, and the profound influence of her grandmother. Revealed through the lens and tensions of an Air Force family, Deep Roots, Broken Branches explores Bynum's intellectual curiosity, voracious reading habits, and turbulent path through early motherhood, divorce, and higher education in California. Throughout, her grandmother remains a stabilizing force, offering inspiration and guidance. This book paints a vivid portrait of a southern identity's growth amid personal challenges and broader societal shifts. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/american-studies

Since the dawn of the Industrial Revolution, capitalism has unleashed unimaginable growth in opportunity and prosperity. And yet, at key points in American history, economic disruption has led to a greater role for government, ostensibly to protect against capitalism's excesses. Today, government regulates, mandates, subsidizes and controls a growing share of the American economy. Today on the show, retired U.S. Senator Phil Gramm, one of America's premier public policy advocates, and noted economist Donald J. Boudreaux look at the seven events and issues in American history that define, for most Americans, the role of government and how the 21st century world works. To many, these 5 periods of American history—the Industrial Revolution, Progressive Era, Great Depression, decline of America's postwar preeminence in world trade, and the Great Recession—along with the existing levels of income inequality and poverty, represent strong evidence for expanding government in American life. Gramm and Boudreaux argue that the evidence might point to a contrary verdict. Phil Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books. Donald J. Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. His writings have appeared in The New York Times, Wall Street Journal, Investor's Business Daily, The Washington Times, and many scholarly publications. Their new book is The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism.

There's an oft-repeated Chris Hedges quote that goes: “I do not fight fascists because I will win. I fight fascists because they are fascists.” Well, that's how we feel about the banks. Revolutionary change is only possible when people understand the institutions of power. The banking system plays a huge role in perpetuating class division and disciplining labor. Christopher Shaw is the author of Money, Power, and the People. He talks to Steve about America's long struggle to democratize banking, drawing connections between past and present economic conditions and inequalities. The discussion spans the creation of the Federal Reserve, populist movements, and key moments of financial reform from the Gilded Age to the New Deal. Delving into the history of banking and economic injustice, he emphasizes grassroots movements led by farmers, workers, and unions against banking oligarchies. Key periods include the post-Civil War Gilded Age, the Panic of 1907, and the Great Depression. The conversation transitions to recent times, highlighting the deregulation era, the rise of neoliberalism, and movements like Occupy Wall Street. As always Steve challenges the audience to learn from history, stressing that real change requires collective action. Christopher W. Shaw is a historian, author, and policy analyst. He has written extensively on the postal system, and the history of banking, money, labor, agriculture, and social movements. Most recently, he has authored First Class: The U.S. Postal Service, Democracy, and the Corporate Threat (City Lights Books, 2021) as well as Money, Power, and the People: The American Struggle to Make Banking Democratic (University of Chicago Press, 2019). @chris_w_shaw on Twitter

Bonnie Parker and Clyde Barrow were a famous American criminal couple who were part of a gang active in the 1930s. They were known for their bank robberies and murders, and their exploits captured the attention of the public during the Great Depression. They were killed in an ambush by police in 1934. Guest Bio and Links: Rhea Leen Linder is the niece of Bonnie Parker and a living “witness” to the aftermath of one of America’s most infamous love stories. She has spent decades speaking publicly about her family’s history, working to correct misconceptions, and fighting to fulfill Bonnie’s dying wish to be buried next to Clyde. Perry Carver is the owner and curator of the Bonnie and Clyde Ambush Museum in Gibsland, Louisiana. He has preserved the legacy of the outlaws through firsthand artifacts, storytelling, and annual historical festivals that connect fans and family alike. Visit the Bonnie & Clyde Ambush Museum in Gibsland. In this episode of Zone 7, Crime Scene Investigator, Sheryl McCollum, talks with Rhea Leen Linder, Bonnie Parker’s niece, and Perry Carver, curator of the Bonnie and Clyde Ambush Museum, for an intimate look at the real story behind America’s most infamous couple. Rhea Leen shares what it was like growing up in Bonnie’s shadow, how it shaped her identity, and why she’s spent years trying to reunite Bonnie and Clyde in death, a wish that’s led to an ongoing legal fight. Show Notes: (0:00) Welcome back to Zone 7 with Crime Scene Investigator, Sheryl McCollum (0:15) Sheryl introduces guest and niece of Bonny Parker, Rhea Leen Linder (1:00) Rhea Leen’s childhood in the shadow of infamy (6:00) The meaning behind her name (6:30) Sheryl welcomes second guest, Perry Carver to Zone 7 (14:30) “Being able to die for your man does not fun in the family.” (15:30) Code words Bonnie and Clyde used (20:00) Misconceptions from the movie: Bonnie and Clyde - Released 1967 (25:00) FBI surveillance and the watch list Llgacy (29:00) The green stamp story (33:00) The quest to bury Bonnie and Clyde together (37:00) Legal battle to honor Bonnie’s final wish (42:00) Value in preserving true history (44:00) Reflections (50:00)  ”Someday they'll go down together and they'll bury 'em side by side. To a few it’ll be grief, to some a relief, but it's death for Bonnie and Clyde.” Thanks for listening to another episode! If you’re loving the show and want to help grow the show, please head over to Itunes and leave a rating and review! --- Sheryl “Mac” McCollum is an Emmy Award winning CSI, a writer for CrimeOnLine, Forensic and Crime Scene Expert for Crime Stories with Nancy Grace, and a CSI for a metro Atlanta Police Department. She is the co-author of the textbook., Cold Case: Pathways to Justice. Sheryl is also the founder and director of the Cold Case Investigative Research Institute, a collaboration between universities and colleges that brings researchers, practitioners, students and the criminal justice community together to advance techniques in solving cold cases and assist families and law enforcement with solvability factors for unsolved homicides, missing persons, and kidnapping cases. Social Links: Email: coldcase2004@gmail.com Twitter: @ColdCaseTips Facebook: @sheryl.mccollum Instagram: @officialzone7podcastSee omnystudio.com/listener for privacy information.

The Great Depression hit James Cash Penney hard. It decimated his finances. It worried him. It humbled him. After some soul searching, he came to realize that he could make a comeback. JC Penney the man proved to himself, and the world, that he still had something to offer. But the story didn't end quite as sweetly for JCPenney the store. Remember, kids, history hoes always cite their sources! For this episode, Norm pulled from: Currey, Mary Elizabeth. Creating an American Institution: The Merchandising Genius of J.C. Penney. Dissertations-G, 1993. Kruger, David Delbert. J.C. Penney: The Man, the Store, and American Agriculture. Norman: University of Oklahoma Press, 2017. Penney, James Cash. Fifty Years with the Golden Rule. Harper and Brothers, 1950. Are you enjoying An Old Timey Podcast? Then please leave us a 5-star rating and review wherever you listen to podcasts! Are you *really* enjoying An Old Timey Podcast? Well, calm down, history ho! You can get more of us on Patreon at patreon.com/oldtimeypodcast. At the $5 level, you'll get a monthly bonus episode (with video!), access to our 90's style chat room, plus the entire back catalog of bonus episodes from Kristin's previous podcast, Let's Go To Court.

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.

Gold Diggers of 1933 is possibly the best and most fun pre-code movie. You will be surprised how modern it feels. This movie has it all, Busby Berkley dance numbers, strong female leads, comedy, relevant political commentary, The Great Depression and a jaw-dropping grand finale. The last number in this movie left us with so much to talk about we considered giving it its own episode. IT IS THAT GOOD. Chapters 00:00 Introduction to Gold Diggers of 1933 06:04 The Context of the Great Depression 09:03 The Role of Women in the Film 12:11 Musical Numbers and Their Significance 14:55 The Technical Aspects of Filmmaking 17:56 The Legacy of Busby Berkeley 20:56 Cultural Reflections in Gold Diggers of 1933 25:38 The Bechdel Test and Representation in Film 31:43 The Cynicism of the Era 36:08 Class Struggles and Romantic Entanglements 45:41 The Final Musical Numbers and Their Impact 50:32 Plot Twists and Character Dynamics 51:05 My Forgotten Man 53:11 The Bonus Army and Historical Context 01:03:11 Artistic Imagery and Symbolism 01:06:27 The Legacy of Gold Diggers of 33 Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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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."

“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