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Keith discusses the potential takeover of the Federal Reserve by President Trump, highlighting the macroeconomic implications.  Economist, author and publisher of Macro Watch, Richard Duncan, joins the show and explains that central bank independence is crucial to prevent political influence on monetary policy, which could lead to excessive money supply and inflation.  Trump's policies, including tariffs and spending bills, are inflationary, necessitating lower interest rates.  Resources: Subscribe to Macro Watch at RichardDuncanEconomics.com and use promo code GRE for a 50% discount. Gain access to over 100 hours of macroeconomic video archives and new biweekly insights into the global economy. Show Notes: GetRichEducation.com/571 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, the President has a plan to completely take over the Fed, a body that historically stays independent of outside influence. Learn the fascinating architecture of the planned fed seizure and how it's expected to unleash a wealth Bonanza and $1 crash with a brilliant macroeconomist today, it'll shape inflation in interest rates in the future world that you'll live in today. On get rich education.    Speaker 1  0:33   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads in 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:21   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1  1:31   Welcome to GRE from Fairfax, Virginia to Fairfield, California, and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education. The Federal Open Market Committee is the most powerful financial institution, not only in the nation, but in the entire world, and when an outside force wants to wrestle it and take it down. The change that it could unleash is almost incredible. It's unprecedented. The President wants full control. Once he has it, he could then slash interest rates, order unlimited money creation, and even peg government bond yields wherever he wishes, and this could drive wealth to extraordinary new highs, but this also carries enormous risks for the dollar and inflation and overall financial stability. And I mean, come on now, whether you like him or not, is Trump more enamored of power than Emperor Palpatine in Star Wars or what this is fascinating. Today's guest is going to describe the architecture of the takeover the grand plan. Our guest is a proven expert on seeing what will happen next in macroeconomics. He's rather pioneering in AI as well. But today, this all has so much to do with the future of inflation and interest rates. We're going to get into the details of how, step by step, Trump plans to infiltrate and make a Fed takeover.    Keith Weinhold  3:23   I'd like to welcome back one of the more recurrent guests in GRE history, because he's one of the world's most prominent macroeconomists, and he was this show's first ever guest back in 2014 he's worked with the World Bank and as a consultant to the IMF. He's contributed a lot on CNBC, CNN and Bloomberg Television. He's a prolific author. His books have been taught at Harvard and Columbia, and more recently, he's been a guest speaker at a White House Ways and Means Committee policy dinner in DC. So people at the highest levels lean on his macroeconomic expertise. Hey, welcome back to GRE joining us from Thailand as usual. It's Richard Duncan   Richard Duncan  4:03   Keith, thank you for that very nice introduction. It's great to see you again.   Keith Weinhold  4:08   Oh, it's so good to have you back. Because you know what, Richard, what caught my attention and why I invited you back to the show earlier than usual is about something that you published on macro watch, and it's titled, Trump's conquest of the Fed will unleash a wealth Bonanza, $1 crash and state directed capitalism. I kind of think of state directed and capitalism as two different things, so there's a few bits to unpack here, and maybe the best way is to start with the importance of the separation of powers. Tell us why the Fed needs to maintain independence from any influence of the president.   Richard Duncan  4:44   Central banks have gained independence over the years because it was realized that if they didn't have independence, then they would do whatever the president or prime minister told them to do to help him get reelected, and that would tend to lead to excessive money supply. Growth and interest rates that were far too low for the economic environment, and that would create an economic boom that would help that President or politician get reelected, but then ultimately in a bust and a systemic financial sector crisis. So it's generally believed that central bank independence is much better for the economy than political control of the central bank.   Speaker 1  5:24   Otherwise we would just fall into a president's short term interests. Every president would want rates essentially at zero, and maybe this wouldn't catch up with people until the next person's in office.   Richard Duncan  5:35   That's right. He sort of wants to be Fed Chair Trump. That's right, president and Fed Chairman Trump on the horizon. It looks like won't be long, Now.   Speaker 1  5:45   that's right. In fact, even on last week's episode, I was talking about how Trump wants inflation, he won't come out and explicitly say that, of course, but when you look at the majority of his policies, they're inflationary. I mean, you've got tariffs, you've got deportations, this reshaping of the Fed that we're talking about the hundreds of billions of dollars in spending in the one big, beautiful Bill act. It is overwhelmingly inflationary.   Richard Duncan  6:12   It is inflationary. And he may want many of those things that you just mentioned, but what he doesn't want is what goes along with high rates of inflation, and that is high interest rates, right? If interest rates go up in line with inflation, as they normally do in a left to market forces, then we would have significantly higher rates of inflation. There would also be significantly higher rates of interest on the 10 year government bond yield, for instance. And that is what he does not want, because that would be extremely harmful for the economy and for asset prices, and that's why taking over the Federal Reserve is so important for him, his policies are going to be inflationary. That would tend to cause market determined interest rates to go higher, and in fact, that would also persuade the Fed that they needed to increase the short term interest rates, the federal funds rate, if we start to see a significant pickup in inflation, then, rather than cutting rates going forward, then they're more likely to start increasing the federal funds rate. And the bond investors are not going to buy 10 year government bonds at a yield of 4% if the inflation rate is 5% they're going to demand something more like a yield of 7% so that's why it's so urgent for the President Trump to take over the Fed. That's what he's in the process of doing. Once he takes over the Fed, then he can demand that they slash the federal funds rate to whatever level he desires. And even if the 10 year bond yield does begin to spike up as inflation starts to rise, then the President can instruct, can command the Fed to launch a new round of quantitative easing and buy up as many 10 year government bonds as necessary, to push up their price and to drive down their yields to very low levels, even if there is high rate of inflation.   Keith Weinhold  7:58   a president's pressure to Lower short term rates, which is what the Fed controls, could increase long term rates like you're saying, it could backfire on Trump because of more inflation expectations in the bond market.   Richard Duncan  8:12   That's right. President Trump is on record as saying he thinks that the federal funds rate is currently 4.33% he said it's 300 basis points too high. Adjusting would be 1.33% if they slash the short term interest rates like that. That would be certain to set off a very strong economic boom in the US, which would also be very certain to create very high rates of inflation, particularly since we have millions of people being deported and a labor shortage at the moment, and the unemployment rate's already very low at just 4.2% so yes, slashing short term interest rates that radically the federal funds rate that radically would be certain to drive up the 10 year government bond yield. That's why President Trump needs to gain control over the Fed so that he can make the Fed launch a new round of quantitative easing. If you create a couple of trillion dollars and start buying a couple of trillion dollars of government bonds, guess what? Their price goes up. And when the price of a bond goes up, the yield on that bond goes down, and that drives down what typically are considered market determined interest rates, but in this case, they would be fed determined interest rates Trump determined interest rates.   Speaker 1  9:28   Inflationary, inflationary, inflationary, and whenever we see massive cuts to the Fed funds rate that typically correlates with a big loss in quality of life, standard of living, and items of big concern. If we look at the last three times that rates have been cut substantially, they have been for the reasons of getting us out of the two thousand.com bubble, then getting us out of the 2000 day global financial crisis, then getting us out of covid in 2020, I mean, massive rate cuts are. Are typically a crisis response   Richard Duncan  10:02   yes, but if we look back, starting in the early 1980s interest rates have have trended down decade after decade right up until the time covid hit. In fact, the inflation rate was below the Fed's 2% inflation target most of the time between 2008 the crisis of 2008 and when covid started, the Fed was more worried about deflation than inflation during those years, and the inflation rate trended down. And so the interest rates tended to trend down as well, and we're at quite low levels. Of course, back in the early 1980s we had double digit inflation and double digit interest rates, but gradually, because of globalization, allowing the United States to buy more and more goods from other countries with ultra low wages, like China and now Vietnam and India and Bangladesh, buying goods from other countries with low wages that drove down the price of goods in the United States, causing goods disinflation, and that drove down the interest rates. That drove down the inflation rate. And because the inflation rate fell, then interest rates could fall also, and that's why the interest rates were trending down for so long, up until the time covid hit, and why they would have trended down again in the absence of this new tariff regime that President Trump has put into place. Now, this is creating a completely different economic environment. President Trump truly is trying to radically restructure the US economy. There is a plan for this. The plan was spelled out in a paper by the man who is now the Chairman of the Council of Economic Advisors. His name is Steven Moran, and the paper was called a user's guide to restructuring the global trading system. It was published in November last year, and it very clearly spelled out almost everything President Trump has done since then in terms of economic policy. It was truly a blueprint for what he has done since then, and this paper spelled out a three step plan with two objectives. Here are the three steps. Step one was to impose very high tariffs on all of the United States trading partners. Step two was then to threaten all of our allies that we would no longer protect them militarily if they dared to retaliate against our high tariffs. And then the third step was to convene a Mar a Lago accord at which these terrified trading partners would agree to a sharp devaluation of the dollar and would also agree to put up their own trade tariffs against China in order to isolate China. And the two objectives of this policy, they were to re industrialize the United States and to stop China's economic growth so that China would be less of a military threat to the United States, which it is currently and increasingly with each passing month. So so far, steps one and two have been carried out very high tariffs on every trading partner, and also threats that if there's any retaliation, that we won't protect you militarily any longer. And also pressure on other countries to put high tariffs against China. The idea is to isolate China between behind a global tariff wall and to stop China's economic growth. So you can see that is what President Trump has been doing. And also in this paper, Stephen Marin also suggested that it would be very helpful if the Fed would cooperate to hold down 10 year government bond yield in this environment, which would naturally tend to push the bond yields higher. So that paper really did spell out what President Trump has done since then.   Keith Weinhold  13:59   This is fascinating about this paper. I didn't know about this previously, so this is all planned from tariffs to a Fed takeover.   Richard Duncan  14:08   That's right, the idea is to re industrialize the United States. That's what President Trump has been saying for years. Make America Great Again. And it's certainly true that America does need to have the industrial capacity to make steel and ships and pharmaceutical products and many other things in his own national self defense. But there's a problem with this strategy since the breakdown of the Bretton Woods system, and we've talked about this before, so I will do this fast forwarding a bit when the Bretton Woods system broke down up until then it broke down in 1971 before then, trade between countries had to balance. So it wasn't possible for the United States to buy extraordinarily large amounts of goods from low wage countries back then, this thing that's caused the disinflation over the last four decades, trade had to balance because on the Bretton Woods system, if we had a big trade deficit. Deficit, we had to pay for that deficit with gold. US gold, and gold was money. So if we had a big trade deficit and had to pay out all of our gold other countries to finance that deficit, we would run out of gold. Run out of money. The economy would hit a crisis, and that just couldn't continue. We'd stop buying things from other countries. So there was an automatic adjustment mechanism under the Bretton Woods System, or under the classical gold standard itself that prevented trade deficits. But once Bretton Woods broke down in 1971 It didn't take us too long to figure out that it could buy extraordinarily large amounts of things from other countries, and it didn't have to pay with gold anymore. It could just pay with US dollars, or more technically, with Treasury bonds denominated in US dollars. So the US started running massive trade deficits. The deficits went from zero to $800 billion in 2006 and now most recently, the current account deficit was $1.2 trillion last year. So the total US current account deficit since the early 1980s has been $17 trillion this has created a global economic boom of unprecedented proportions and pulled hundreds of millions of people around the world out of poverty. China is a superpower now, because of its massive trade surplus with the US, completely transformed China. So the trade surplus countries in Asia all benefited. I've watched that firsthand, since I've spent most of my career living in Asia, but the United States also benefited, because by buying things from low wage countries that drove down the price of goods, that drove down inflation, that made low interest rates possible, that made it easier for the US to finance its big budget deficits at low interest rates, and so with Low interest rates, the government could spend more and stimulate the economy. Also with very low interest rates, stock prices could go higher and home prices could go higher. This created a very big economic boom in the United States as well. Not only did the trade surplus, countries benefit by selling more to the US, but the US itself benefited by this big wealth boom that has resulted from this arrangement. Now the problem with President Trump's plan to restructure the US economy is that he wants to bring this trade deficit back down essentially to zero, ideally, it seems. But if he does that, then that's going to cut off the source of credit that's been blowing this bubble ever larger year after year since the early 1980s and we have such a big global credit bubble that if this source of credit has been making the bubble inflate, the trade deficit, if that were to significantly become significantly lower, then this credit that's been blowing up, the bubble would stop, and the bubble would implode, potentially creating very severe, systemic financial sector crisis around the world on a much, probably a much larger scale than we saw in 2008 and leading to a new Great Depression. One thing to think about is the trade deficit is similar to the current account deficit. So the current account deficit is the mirror image of capital inflows into the United States. Every country's balance of payments has to balance. So last year, the US current account deficit was $1.2 trillion that threw off $1.2 trillion into the global economy benefiting the trade surplus countries. But those countries received dollars, and once they had that 1.2 trillion new dollars last year, they had to invest those dollars back into us, dollar denominated assets of one kind or another, like government bonds or like US stocks, and that's what they did. The current account deficit is the mirror image of capital inflows into the United States. Last year was $1.2 trillion of capital inflows. Now if you eliminate the current account deficit by having very high trade tariffs and bringing trade back into balance, you also eliminate the capital inflows into the United States, and if we have $1.2 trillion less money coming into the United States a year or two from now, that's going to make it much more difficult to finance the government's very large budget deficits. The budget deficits are expected to grow from something like $2 trillion now to $2.5 trillion 10 years from now, and that's assuming a lot of tariff revenue from the tariffs, budget deficit would be much larger still. So we need the capital inflows from these other countries to finance the US budget deficit, the government's budget deficit. If the trade deficit goes away, the capital inflows will go away also, and with less foreign buying of government us, government bonds, then the price of those bonds will fall and the yield on those bonds will go up. In other words, if there are fewer buyers for the bonds, the price of the bonds will go down and the yield on the bonds will go up. In other words, long term interest rates will go up, and that will be very bad for the US Economy   Speaker 2  14:08   the yields on those 10 year notes have to go up in order to attract investors. Mortgage rates and everything else are tied to those yields.   Richard Duncan  19:36   That's right. And cap rates. When people consider investing in tech stocks, they consider they'll buy fewer stocks if the interest rates are higher. So this is why it's so important for President Trump to conquer the Fed, to take over the Fed. That's what he's doing. Technically, he's very close to accomplishing that. Shall we discuss the details?   Speaker 1  20:29   Yes, we should get more into this fed takeover, just what it means for the future of real estate markets and stock markets. With Richard Duncan, more, we come back. I'm your host, Keith Weinhold   Keith Weinhold  20:41   the same place where I get my own mortgage loans is where you can get yours. Ridge lending group and MLS, 42056, they provided our listeners with more loans than anyone because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. Start your pre qual and even chat with President Chaley Ridge personally. 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Text family. 266, 866, to learn about freedom family investments, liquidity fund again. Text family. 266, 866,   Dani-Lynn Robison  22:24   you is freedom family investments co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Speaker 1  22:31   Welcome back to get Education. I'm your host. Keith Weinhold, we're talking with macroeconomist Richard Duncan about a Fed takeover. I think the President wants to be Fed Chair Trump, Richard. Talk to us more about this, because this is really part of a grand plan.   Richard Duncan  22:57   So the Federal Reserve is in charge of monetary policy. That means it sets the interest rates on the federal funds rate, the short term interest rates, and it also has the power to create money through quantitative easing or to destroy money through quantitative tightening. So the Fed is in charge of monetary policy. The Fed makes its decisions at its it meets eight times a year, the Federal Open Market Committee, the FOMC, meets eight times a year, and they take votes. They discuss what's going on in the economy. They make a decision about what they should do about interest rates, and in some cases, decisions about creating or destroying money through quantitative easing or quantitative tightening. They take a vote. The structure of the Federal Reserve System is as follows. There are seven members of the Federal Reserve Board of Governors, so there are seven fed governors there. The Federal Reserve Board is in based in Washington, DC. In addition to that, there are 12 Federal Reserve banks around the country, like the Federal Reserve Bank of St Louis, for instance, or the Federal Reserve Bank of Kansas, the Federal Reserve Bank of New York. Each of these Federal Reserve Banks have a president, so there are 12 Federal Reserve Bank presidents now at the FOMC meetings where interest rates are decided, all seven fed governors get a vote, but only five Federal Reserve Bank presidents get to vote, and they rotate their votes every year they the following year are different. Five fed presidents get to vote. The Federal Reserve Bank president of New York always gets the vote because New York is such an important financial center, but the other four other presidents keep rotating year after year, and the presidents, 12 presidents, serve five year terms, and they can be reappointed, and their terms expire all at the same time, all on the same day, all of their terms will expire next year on February 28 and they will perhaps be reappointed and perhaps. Be reappointed. So that's the structure, seven Federal Reserve Bank governors and 12 Federal Reserve Bank presidents. All the governors. All seven get to vote at every FOMC meeting, but only five of the Presidents get to vote. So that's a total of 12. The Governors of the Federal Reserve System are the most important the seven. Those seven include the Chairman, Chairman Powell, and this is why they're the most important. They're important because if four of the seven have the power to fire all of the Federal Reserve Bank presidents, if four fed governors vote together, they can fire all 12 Federal Reserve Bank presidents. It only takes four. Only takes four. Then those Federal Reserve Bank presidents would have to be replaced, but the Federal Reserve Board of Governors has to approve the replacements. So if President Trump has four fed governors who will do what he tells them to do, then they can fire all the Federal Reserve Bank presidents and only replace them with other people who will do what President Trump tells them to do. Gosh. So what this means is, if the president can get four Federal Reserve Bank governors out of seven, then he has absolute control over monetary policy. He can do anything he wants with interest rates. He can do anything he wants with quantitative easing. So how many does he have now? Well, he has two that he's appointed, Christopher Waller and Michelle Bowman. They voted to cut interest rates at the last FOMC meeting. That was a dissenting vote, because the rest of the voting members voted to hold interest rates steady. Those two have already voted with the President, so they're on Team Trump, and they're going to stay on Team Trump, because both of them would like to become Fed Chairman when Jerome Powell term expires in May next year, very suddenly and very unexpectedly. A month or so ago, another fed Governor resigned. Her name is Adriana Coogler. Her term was not due to expire for another six months, and she'd not given any indication that she was going to resign early, but she did this now gives the President can nominate the Federal Reserve Bank governors. So he is nominated Stephen Moran, the one who wrote the paper the grand plan. Grand plan. He's nominated him to replace Adriana Coogler, yeah, and he's going to vote on him on his appointment, perhaps within very soon, and it only takes 51 senators to vote him in. And since the Republicans control the Senate, he will be approved, it seems very likely that he will be approved, and that will give President Trump the third vote on the FOMC. He will have three out of the seven governors. He only needs one more, and this is where at least the cook comes in. So on the 26th of August, I think President Trump announced that he was firing Lisa Cook, a Fed governor, because she allegedly had made misleading statements on some mortgage applications that have not been proven yet, that they are alleged. So he says that he has fired her. She has said he does not have the right to fire her. The legal cases that the President does have the right to fire a Federal Reserve Bank Governor, but only for cause. And so there's a real question whether this qualifies as being for cause or not, especially since it's only alleged at this point, but assuming that he does get control. So if he does succeed in firing her, he will be able to appoint her replacement, and that will give him four members, four governors out of the seven. And as we just discussed, with four out of seven, he will have complete control over monetary policy, because with four out of seven, that would give him the power to command those four to vote to fire all 12 presidents of the Federal Reserve Banks, and then to appoint new presidents of the Federal Reserve Banks who would vote along with whatever President Trump tells them to vote for. So in that case, with four fed governors, he would have those Four Plus he would have the five presidents that he would appoint from the Federal Reserve Banks voting for him. So five plus four, that is nine, nine out of 12 voting members on the Federal Open Market Committee. He would be guaranteed nine out of 12 votes on the FOMC, and that would give him complete control over monetary policy, and that's what he needs, because his policies are inflationary. They're going to drive up inflation. They're and that's going to push up the 10 year government bond yield, and it would normally make the Fed also increase the federal funds rate, because higher inflation should the Fed in. Increase the interest rates to cool down the higher inflation. But now that's not going to happen, because he is going to take over the FOMC one way or the other. Just by firing Lisa Cook, he's sending a very clear message to all the other fed governors and to the 12 existing Federal Reserve Bank presidents, you do what I tell you or you may be investigated too. You're next, one way or the other, the President is going to get what the President wants, and what he wants is control over monetary policy, and what that means is much lower short term interest rates and probably another very big round of quantitative easing to hold down long term interest rates as well.   Keith Weinhold  30:41   That was an amazing architecture and plan that you laid out for how a President can take over the Federal Open Market Committee. That was amazing to think about that, and what we believe he wants you talked about it is potentially quantitative easing, which is a genteel way of saying dollar printing. Is it lowering the Fed funds rate down to, I think 1% is what he desired, and we're currently at about 4.3%   Richard Duncan  31:08   that's right. He said he'd like to see the federal funds rate 300 basis points lower, which would put 1.3% we could see a series of very sharp interest rate cuts by the Fed in the upcoming FOMC meetings, so we could see the short term interest rates falling very quickly, but as we discussed a little bit earlier, that would alarm the bond market and investors, because they would realize that much lower interest rates would lead to much higher rates of inflation by overstimulating the economy. And so the 10 year bond yields will move higher for fear of inflation, and that will then force President Trump to command the Fed, to create money through quantitative easing on a potentially trillion dollar scale, and start buying up government bonds to push up their price and drive down their yields, so that the 10 year bond yields and the 30 year bond yields will fall. And since mortgage rates are pegged to the government bond yields mortgage rates will fall, and credit card rates will fall, and bank lending rates will fall, and this will kick off an extraordinary economic boom in the US, and also drive asset prices very much higher and create a wealth Bonanza,   Keith Weinhold  32:15   right? And here, Richard and I are talking interestingly, just two days before the next Fed decision is rendered, therefore, with eminent cuts, we could very well see soaring stock and real estate markets fueled by this cheap credit and this quantitative easing, at least in the shorter term.   Richard Duncan  32:36   But timing is something one must always keep in mind, there is a danger that we could actually see a sell off in the stock market in the near term. If we start seeing the Fed slashing interest rates, then the 10 year bond yields will start moving higher. That would ultimately lead to quantitative easing to drive those yields back down. But when the falling short term interest rates start pushing up interest rates on the 10 year government bond yield because investors expect higher rates of inflation, that could spook the stock market. The stock market's very expensive, so before QE kicks in, there could actually be a period where raising expectations for higher rates of inflation drive the 10 year bond yields higher before the Fed can step in and drive them back down again. We could actually see a sell off in the stock market before we get this wealth boom that will ultimately result when the Fed cuts the short term rates and then quantitative easing also drives down the long term rates. I hope that's not too confusing. There could be a intermediate phase, where bond yields move higher, and that causes the stock market to have a significant stumble. But that wouldn't last long, because then President Trump would command the Fed to do quantitative easing, and as soon as the president says on television that he's going to do quantitative easing, between the moment he says quantitative and the moment he says easing, the stock market is going to rocket higher.   Keith Weinhold  34:05   And here we are at a time where many feel the stock market is overvalued. Mortgage rates have been elevated, but they're actually still a little below their historic norms. The rate of inflation hasn't been down at the Fed's 2% target in years, it's been above them, and we've got signs that the labor market is softening.   Richard Duncan  34:25   That's true. The labor market numbers in the most recent job number were quite disappointing, with the revisions to earlier months significantly lower. But of course, with so many people being deported from the United States now, that's contributing to this lower job growth numbers. If you have fewer people, there are fewer people to hire and add to job creation, so that may have some distorting impact on the low job creation numbers. The economy actually is seems to be relatively strong the the. Latest GDP now forecast that the Atlanta Fed does is suggesting that the economy could grow by three and a half percent this quarter, which is very strong. So the economy is not falling off a cliff by any means. If the scenario plays out, as I've discussed, and ultimately we do get another round of quantitative easing and the Fed cuts short term interest rates very aggressively. That will create a very big economic boom with interest rates very low. That will push up real estate prices, stock prices and gold prices and Bitcoin prices and the price of everything except $1 the dollar will crash because currency values are determined by interest rate differentials. Right now, the 10 year government bond yield is higher than the bond yields in Europe or Japan, and if you suddenly cut the US interest rates by 100 basis points, 200 basis points, 300 basis points, and the bond yields go down very sharply, then it'll be much less attractive for anyone to hold dollars relative to other currencies, and so there will be a big sell off of the dollar. And also, if you create another big round of quantitative easing and create trillions of dollars that way, then the more money you create, the less value the dollar has supply and demand. If you have trillions of extra new dollars, then the value of the dollar loses value. So the dollar is likely to take a significant tumble from here against other currencies and against hard assets. Gold, for instance, that's why we've seen such an extraordinary surge in gold prices.   Speaker 1  36:38   right? Gold prices soared above three $500 and Richard I'm just saying what I'm thinking. It's remarkable that Trump continues to be surrounded by sycophants that just act obsequiously toward him and want to stay in line and do whatever he says. And I haven't seen anyone breaking that pattern.   Richard Duncan  36:59   I'm not going to comment on that observation, but what I would like to say is that if this scenario does play out, and it does seem that we're moving in that direction, then this big economic boom is very likely to ultimately lead to the big economic bust. Every big boom leads to a big bust, right? Big credit booms lower interest rates, much more borrowing by households, individuals, companies. It would while the borrowing is going on, the consumption grows and the investment grows, but sooner or later, it hits the point where even with very low interest rates, the consumers wouldn't be able to repay their loans, like we saw in 2008 businesses wouldn't be able to repay their loans, and they would begin defaulting, as they did in 2008 and at that point, everything goes into reverse, and the banks begin to fail when they don't receive their loan repayments. And it leads to a systemic financial sector crisis. The banks lend less when credit starts to contract, then the economy collapses into a very serious recession, or even worse, unless the government intervenes again. So big boom that will last for a few years, followed by a big bust. That's the most probable outcome, but I do see one other possibility of how that outcome could be avoided, on the optimistic side, and this is it. If once President Trump slash Fed Chairman Trump has complete control over US monetary policy, then it won't take him long to realize Stephen Moran has probably already told him that he would then be able to use the Fed to fund his us, sovereign wealth fund. You will remember, back in February, President Trump signed an executive order creating a US sovereign wealth fund. And this was music to my ears, because for years, as you well know, I've been advocating for the US government to finance a multi trillion dollar 10 year investment in the industries and technologies of the future   Keith Weinhold  39:01   including on this show, you laid that out for us a few years ago and made your case for that here, and then Trump made it happen.   Richard Duncan  39:08   Let's try my book from 2022 it was called the money revolution. How to finance the next American century? Well, how to finance the next American Century is to have the US, government finance, a very large investment in new industries and new technologies in things like artificial intelligence, quantum computing, nanotechnology, genetic engineering, biotech, robotics, clean energy and fusion, create fusion and everything, world where energy is free, ultimate abundance. So I was very happy that President Trump created this US sovereign wealth fund. Now that he will soon have complete control over his US monetary policy, he will understand that he can use the Fed to fund this, US sovereign wealth fund. He can have the Fed create money through quantitative easing and. And start investing in fusion. We can speed up the creation of the invention of low cost fusion. We could do that in a relatively small number of years, instead of perhaps a decade or longer, as things are going now, we could ensure that the United States wins the AI arms race that we are in with China. Whoever develops super intelligence first is probably going to conquer the world. We know what the world looks like when the United States is the sole superpower. We've been living in that world for 80 years. Yeah, we don't know what the world would look like if it's conquered by China. And China is the control super intelligence and becomes magnitudes greater in terms of their capacity across everything imaginable than the United States is whoever wins the AI arms race will rule the world. This sort of investment through a US sovereign wealth fund would ensure that the winner is the US and on atop it, so it would shore up US national security and large scale investments in these new technologies would also turbocharge US economic growth and hopefully allow us to avoid the bust that is likely to ultimately occur following The approaching boom, and keep the economy growing long into the future, rather than just having a short term boom and bust, a large scale investment in the industries of the future could create a technological revolution that would generate very rapid growth in productivity, very rapid economic growth, shore up US national security, and result in technological miracles and medical breakthroughs, possibly curing all the diseases, cure cancer, cure Alzheimer's, extend life expectancy by decades, healthy life expectancy. So that is a very optimistic outcome that could result from President Trump becoming Fed Chairman Trump and gaining complete control over monetary policy. And this is all part of the plan of making America great again. If he really followed through on this, then he certainly would be able to restructure the US economy, re industrialize it, create a technological revolution that ensured us supremacy for the next century. That's how to finance the next American century.   Speaker 1  42:23   Oh, well, Richard, I like what you're leaving us with here. You're giving us some light, and you're talking about real productivity gains that really drives an economy and progress and an increased standard of living over the long term. But yes, in the nearer term, this fed takeover, there could be some pain and a whole lot of questions in getting there. Richard, your macro watch piece that caught my attention is so interesting to a lot of people. How can more people learn about that and connect with you and the great work you do on macro watch, which is your video newsletter   Richard Duncan  43:00   Thanks, Keith. So it's really been completely obvious that President Trump was very likely to try to take over the Fed. Nine months ago, I made a macro watch video in December called Will Trump in the Fed, spelling out various ways he could take over the Fed, and why he probably would find it necessary to do so. So what macro watch is is it describes how the economy really works in the 21st Century. It doesn't work the way it did when gold was money. We're in a completely different environment now, where the government is directing the economy and the Fed, or seeing the President has the power to create limitless amounts of money, and this changes the way everything works, and so that's what macro watch explains. It's a video newsletter. Every couple of weeks, I upload a new video discussing something important happening in the global economy and how that's likely to impact asset prices, stocks, bonds, commodities, currencies and wealth in general. So if your listeners are interested, I'd encourage them to visit my website, which is Richard Duncan economics.com that's Richard Duncan economics.com and if they'd like to subscribe, hit the subscribe button. And for I'd like to offer them a 50% subscription discount. If they use the discount coupon code, G, R, E, thank you, GRE, they can subscribe at half price. I think they'll find that very affordable. And they will get a new video every couple of weeks from me, and they will have immediate access to the macro watch archives, which have more than 100 hours of videos. Macro watch was founded by me 12 years ago, and I intend to keep doing this, hopefully far into the future. So I hope your listeners will check that out.   Keith Weinhold  44:46   Well, thanks, both here on the show and on macro watch Richard gives you the type of insight that's hard to find anywhere else, and you learn it through him oftentimes before it makes the headlines down the road. So. Richard, this whole concept of a Fed takeover is just unprecedented, as far as I know, and it's been so interesting to talk about it. Thanks for coming back onto the show.   Richard Duncan  45:08   Thank you, Keith. I look forward to the next time.   Speaker 1  45:17   Yeah, fascinating stuff from Richard in the nearer term, we could then see interest rate cuts that would go along with cuts to mortgages and credit card rates and car loan rates and all kinds of bank lending rates. This could pump up the value of real estate, stocks, Bitcoin, gold, nearly everything a wealth bonanza. Now, in polls, most Americans think that the Fed should stay independent from outside control. You really heard about how the President is dismantling the safeguards that protect that fed independence, the strategy he's using to bend the Federal Open Market Committee to His will. And this is not speculation, because, as you can tell, the takeover of the Fed is already underway. A fed governor has been fired. New loyalists are being installed, and key votes are lining up in the President's favor. But as far as the longer term, you've got to ask yourself, if these policies will inflate a giant bubble destined to burst down the road. I mean triggering a crisis as bad as 2008 I mean, these are the very questions that every investor should be asking right now, if you find this in similar content fascinating, and you want to stay on top of what is forward looking what's coming next macroeconomically, check out Richard Duncan's macro watch at Richard Duncan economics.com for our listeners, he's long offered the discount code for a 50% discount that code is GRE, that's Richard Duncan economics.com and the discount code GRE next week here on the show, we're bringing it back closer to home with key us, real estate investing strategies and insights, a lot of ways to increase your income. Until then, I'm your host. Keith Weinhold, don't quit you Daydream.   Speaker 3  47:20   Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively.   Speaker 1  47:40   You You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point, because even the word abbreviation is too long, my letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text gre 266, 866, while it's on your mind, take a moment to do it right now. Text gre to 66866,   Keith Weinhold  48:59   The preceding program was brought to you by your home for wealth, building, get richeducation.com you.  

Talking about this series felt like an impossible mission to finish but here we are as it's time to pitch sequels to the Mission: Impossible series! You'll hear which of our pitches includes an animal wearing one of the famous masks from the IMF but, the question is, what animal is it? You'll also hear if both, one, or none of our pitches includes the entity AI story line and you'll hear which of us is building a new team and which of us clings to the team of the past. Enjoy! Thanks to our monthly supporters Matt and Vicki S Kate Lampe Daniel Prudhoe Steve Weiss Matthew Aldrich Edward Lankford Heather Sahami

Our friend Daniel Conceição is back for his sixth(!) time on Macro N Cheese. He and Steve share their critique of "neutral" or academic MMT that avoids class analysis. Understanding a government's monetary capacity is meaningless without using that knowledge as a weapon for class struggle against an oppressive economic system. Daniel shares his experiences in Buenos Aires, describing a city with grand public infrastructure (a legacy of Peronism) now filled with poverty due to austerity. He dismantles the myth that President Javier Milei's austerity policies tamed inflation. Instead, he argues the temporary stabilization was due to a massive, supranational bailout from the IMF, not free-market principles. And when we're talking about the IMF, we're seeing a tool of economic imperialism. By creating dollar dependency in developing nations, it forces them into debt servitude and structural adjustments that fully serve global capital, never local populations. This brings us back to mainstream economists who lie outright in order to protect the class interests of banks and the oligarchy. They point to how economic rationalizations shift (e.g., after the 2008 crisis and during the pandemic) to always justify saving capital while opposing spending on the public purpose. Daniel Conceição is an associate professor at the Institute of Urban and Regional Planning and Research (IPPUR) at the Federal University of Rio de Janeiro (UFRJ), and one of the authors of the book “Modern Monetary Theory: The Key to an Economy at the Service of People”. He is also former president of the Institute of Functional Finance for Development Brasil (https://iffdbrasil.org/) @stopthelunacy

Balaton-parti ingatlanmaffia hat tagját tartóztatták le a rendőrök Kirk megölése: Ruszin-Szendi üzent Orbánnak Az Orbán Viktor jelentette fenyegetés miatt katonai kiképzést vezetne be a Fico-kormány minisztere Tanulságos ábra – itt megnézheti, hogy az európai országokban mekkora a személyi jövedelmadó teteje! Az Európai Bíróság megsemmisítette a Paks2 atomerőmű támogatását jóváhagyó uniós határozatot „Az Európai Unió zsarol minket” – jelentette ki Gulyás Gergely Zelenszkij 20 milliárd dollárral lőtt mellé - nagyon rápirított az IMF, totális présben Ukrajna Ráuszították a propagandasajtót a Tisza Párt új alelnökére Magyarország is felkerült a Honda térképére! Ide is eljutottunk: kevesebb idő alatt jutunk lakáshoz Londonban, mint Budapesten Viszlát, Bécs! Felszámolja bázisát az osztrák fővárosban a Wizz Air A Barcelona megnyerte a klubvilágbajnokságot Kerkez Milos osztályzatain csámcsognak Angliában: "Ő volt a legrosszabb a pályán" Néhány napra visszatér a nyár, aztán érkezik az újabb hidegfront A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

Balaton-parti ingatlanmaffia hat tagját tartóztatták le a rendőrök Kirk megölése: Ruszin-Szendi üzent Orbánnak Az Orbán Viktor jelentette fenyegetés miatt katonai kiképzést vezetne be a Fico-kormány minisztere Tanulságos ábra – itt megnézheti, hogy az európai országokban mekkora a személyi jövedelmadó teteje! Az Európai Bíróság megsemmisítette a Paks2 atomerőmű támogatását jóváhagyó uniós határozatot „Az Európai Unió zsarol minket” – jelentette ki Gulyás Gergely Zelenszkij 20 milliárd dollárral lőtt mellé - nagyon rápirított az IMF, totális présben Ukrajna Ráuszították a propagandasajtót a Tisza Párt új alelnökére Magyarország is felkerült a Honda térképére! Ide is eljutottunk: kevesebb idő alatt jutunk lakáshoz Londonban, mint Budapesten Viszlát, Bécs! Felszámolja bázisát az osztrák fővárosban a Wizz Air A Barcelona megnyerte a klubvilágbajnokságot Kerkez Milos osztályzatain csámcsognak Angliában: "Ő volt a legrosszabb a pályán" Néhány napra visszatér a nyár, aztán érkezik az újabb hidegfront A további adásainkat keresd a podcast.hirstart.hu oldalunkon.

A lot has happened in the global economy since 2019, and few people know that better than Gita Gopinath. As the IMF Chief Economist and subsequently the institution's First Deputy Managing Director, she navigated unprecedented global crises, including the pandemic and the ensuing great lockdown, wars in Ukraine and the Middle East, inflation, and geopolitical fragmentation. Her career as a Professor at Harvard University was put on hold to take on those IMF roles, but now she's back. How will the 2025 version of Professor Gopinath compare to the 2018 version? In this podcast, Gita Gopinath reflects on her experiences at the Fund and what she's taking back with her to Harvard. Transcript: https://bit.ly/4npTyR5

In 1880 woedde in Ierland een conflict tussen herenboeren en pachters, met als inzet de huurprijzen die de boeren niet meer konden opbrengen. Zij vroegen bij de opzichter uitstel van betaling, met het omgekeerde resultaat: ze werden hun boerderijen uitgezet. Met een totaal onverwacht gevolg: het bedrijfsleven koos de kant van de boeren en weigerde nog zaken te doen met de landeigenaren. De naam van de opzichter was Charles Boycott. Ja, die dus. Werken boycots ? Af en toe, en dan vooral als ze spontaan beginnen tegen bedrijven. Een goed voorbeeld is Tesla , waarvan de verkoop instort, niet alleen door de succesvolle concurrentie uit China, maar ook door het gedrag en de opvattingen van grootaandeelhouder Elon Musk. Tegen regeringen is een boycot zelden een succes omdat ze nooit wereldomvattend zijn. Iran, Rusland en Noort-Korea, bijvoorbeeld, doen uitstekende zaken met India en China. Er zijn nog steeds Europese landen die Russische olie kopen, en Turkije is open voor business voor iedereen. Sancties, die al sinds de Griekse tijd bestaan, zijn de afgelopen decennia populairder, omdat ze specifieker zijn. Ze richten zich meer op producten en personen dan op landen. De opleggers van sancties zijn ervan overtuigd dat het een probaat middel is. Complete onzin is het misschien niet, maar wel bijna. De beste illustratie van dit moment is de EU, die nu haar 19de sanctiepakket tegen Rusland instelt. Het 19de sanctiepakket, op het moment waarop Rusland zijn grootste aanval sinds het begin van de oorlog doet. Het 19de sanctiepakket, terwijl Rusland recordverkopen aan olie doet aan India en China, maar ook aan Hongarije en Slowakije. Volgens het Center for Research on Energy and Clean Air gaat er ook Russisch vloeibaar gas naar Frankrijk, België en Spanje. Over de periode 1970 tot 2023 zijn goede cijfers beschikbaar. Van de Amerikaanse sancties wereldwijd werkten er welgeteld 13 procent. Het westerse frame luidt al sinds 2022 dat de sancties tegen Rusland werken. Maar de cijfers zijn, voor een land in oorlog, opmerkelijk goed. Ondanks de honderden miljarden bevroren dollars in het buitenland, is Rusland er volgens het IMF in geslaagd sinds de invasie in Oekraïne een overschot op te bouwen van 375 miljard dollar, 50 procent meer dan daarvóór. De roebel is stabiel en staat hoog, al is 100 miljard dollar per jaar aan defensie veel geld. Poetin wil alleen onderhandelen als Oekraïne afstand doet van de door hem geannexeerde provincies. Dus als Oekraïne capituleert. En geen moment eerder. En wij maar soebatten over sancties. 19 pakketten. Ziet Brussel nou zelf niet in dat die niets opleveren?See omnystudio.com/listener for privacy information.

In this episode, economic journalist and author Puja Mehra speaks to Arbind Modi, retired IRS officer and Senior Economist at the IMF and one of the chief architects of India's Goods and Services Tax (GST), about what India's broken tax system means for its growth ambitions. The conversation explores how GST's design flaws have hurt competitiveness, why exempting large sections of income undermines fairness, and how Centre–State revenue sharing has created new fiscal strains.The discussion connects India's tax choices to global shifts, from the Trump-era trade wars to the reordering of supply chains, making clear that without serious reform, India risks missing yet another growth opportunity.Tune in for insights on what it will take to reset India's tax system, revive competitiveness, and lay the foundation for sustained 8% growth. This episode is both a masterclass in India's tax system and a call for bold, evidence-driven policymaking.(00:00) Introduction(02:15) Why GST Hasn't Delivered on Its Promise(07:42) Fixing GST Design and Efficiency(12:30) The Problem with GST Rates and Complexity(16:58) Corporate Tax Cuts and Their Consequences(21:47) Why Income Tax Exemptions Are a Mistake(27:15) The Centre–State Revenue Sharing Dilemma(32:44) The Case for Comprehensive Tax Reform(38:52) How GST Reform Could Unlock Higher Growth(46:10) Why Political Will Matters More Than Bureaucratic Hesitation(51:21) Decluttering GST and Fixing Excise Duties(55:23) Why Taxing Gold Jewellery Hurts the Poor(59:26) ConclusionFor more of our coverage check out ⁠⁠⁠⁠⁠⁠thecore.in⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to our Newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Twitter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Linkedin⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ |⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Youtube

The French Government debt to GDP stands at 113% in the Eurozone's second largest economy and the budget deficit is at an unsustainable 5.8%. But any efforts to cut that debt mountain or curb entitlements have been met with violent and sustained protests on French streets. So what can be done to avoid La Grande nation from going cap in hand to the IMF for a bailout? Timothy Graf, Head of Macro Strategy for EMEA at State Street Market

[경제 핫이슈] 재정 위기 프랑스, IMF 구제 금융 위기 오나?

Hello, and welcome to episode 182 of the Financial Crime Weekly Podcast, I am Chris Kirkbride. In this episode, OFAC settled a penalty with Fracht FWO Inc. for violations involving Venezuela and Iran, sanctioned a Chinese chemical firm and executives for trafficking synthetic opioids, and designated Palestinian human rights organizations over alleged targeting of Israel by the ICC. OFAC also reclassified Ecuadorian criminal groups as transnational terrorist organisations. Internationally, Australia imposed sanctions on Russian officials for civil society repression and Navalny's death, while the UK revoked a licence allowing Evraz North America to operate under sanctions and sanctioned Russian actors involved in the forced deportation of Ukrainian children. The UK government also launched a sanctions survey to inform future policy. On the money laundering front, the Financial Action Task Force warned countries to crack down on shell companies, and OSCE enhanced Turkmenistan's capacity to combat money laundering and terrorism financing. For bribery and corruption, GRECO urged Slovakia to accelerate anti-corruption reforms. Other financial crime topics included an IMF warning about tech-savvy criminals outpacing regulators and a proposed privacy-preserving compliance framework for stablecoins. Finally, cybercrime saw a major cyberattack halt Jaguar Land Rover production in the UK.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

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

Im F.A.Z Podcast für Deutschland geht es heute um das Vermächtnis von Giorgio Armani. Was macht seine Faszination aus? Was können deutsche Modemacher von ihm lernen? Im Gespräch: Alfons Kaiser und der deutsche Modepapst Michael Michalsky.

This week on Taking Stock Susan Hayes Culleton convenes a panel of some of Ireland's busiest entrepreneurs when she talks to Pat McDonagh of Supermac's, Lorriane Heskin of Gourmet Food Parlour and John Purdy of Ergo. We hear what they think the government needs to do to improve the landscape for indigenous Irish companies.Plus, with a possible IMF bailout being mentioned in France, Susan talks to Sarah Collins of the Business Post in Brussels about where France is heading.

Cedi falls 13% in 3 weeks after IMF ends dollar cushion, businesses warn of harsh fallout.

[고민사연] 안녕하세요. 저희 부모님이 IMF 외환위기 당시 부도가 났던 모 대기업 건설사로부터 지급받을 대금을 받지 못하게 되면서, 그 대신 해당 건설사의 콘도회원권을 받으셨습니다. 현재 해당 콘도는 다른 리조트로 인수되면서 사용가치도 없고 회원관리도 안 되는 바람에 사용하지도 못하고 있구요. 그런데 이 콘도 회원권 때문에 기초연금 대상이 되지 못하니 처분 후 신청하라는 설명을 들었습니다. 이런 콘도 회원권은 어디에서 팔수 있을까요? 회원권 거래소라는 사설 사이트들이 많던데 믿을 수 있는건지도 의심스럽습니다. 만약 팔지 못한다면 자녀인 제 명의로 증여한다면 증여세는 어떤 기준으로 내야할까요? 현재 회원권으로 인한 세금은 1년에 몇천원정도만 내고 계시다는데, 제가 증여받으면 재산세나 건강보험 등에 어떤 불이익이 생기는지도 궁금합니다.

In this news round up episode of Merryn Talks Money, host Merryn Somerset Webb has returned from her holiday and is joined by Bloomberg Opinion columnist Marcus Ashworth. The pair discuss why the IMF won't be bailing out the UK anytime soon, gold's stellar performance, soaring high gilt market yields and the whether the stamp duty regime is all that complicated. See omnystudio.com/listener for privacy information.

Narendra Modi. In Shanghai. In the back of a car. With Vladimir Putin. Positively glowing. The tweets the Indians sent out at the Shanghai Co-Operation Organisation were the equivalent of a taken for granted girlfriend openly flirting with the jocks at the big keg party. The key question: is this obvious piece of signalling going to be stronger than the thick skulls of the lugs in Washington? Meanwhile, in Venezuela, US destroyers are patrolling the coastline. Ostensibly to stop cartel shipments. Are they about to make a Noriega of Maduro? Finally, in Britain, the bond yield has hit a thirty year high. At the same time, France can't pass a budget, and has 114% debt to GDP. What's going to happen when two of Europe's big three economies both try to squeeze through the door of the IMF at the same time? All this and more in an hour of super soaraway subscriber special. That's right – it's that time of the month. Time to put down five Dollars, Pounds, Euros to get to eavesdrop with your fellow subscribers in the secret Multipolarity green room. Go to patreon.com/multipolarity. Slap down your cash. And get backstage, where the real action is.

Im F.A.Z. Podcast für Deutschland geht es heute um eine umstrittene Podiumsdiskussion zwischen Boris Palmer und dem AfD-Politiker Markus Frohnmaier. Ist es Zeit für einen Strategiewechsel beim Umgang mit der AfD oder braucht es mehr Brandmauer auch auf den politischen Talk-Bühnen in unserem Land?

CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE  9-2-2025 GOOD EVENING: The show begins in the markets, watching Fed Chairman Jerome Powell prepare for the September 16-17 Open Market meeting. 1840 BANK OF LONDON FIRST HOUR 9-915 #MARKETS:   LIZ PEEK THE HILL. FOX NEWS AND FOX BUSINESS: Elizabeth Peek: Elizabeth Peek examines the persistent tension between the White House and the Federal Reserve, observing that Chairman Jay Powell's actions are often perceived as politically motivated. She attributes high inflation during the Biden years to belated rate hikes and points to a "bound up housing market" due to past low mortgage rates and current high rates, making housing unaffordable. Peek highlights the underestimated, rapid impact of AI, noting its widespread adoption (700 million weekly ChatGPT users) indicates genuine, impactful companies rather than a bubble. She also supports Trump's proposal for addressing homelessness via dedicated facilities. 915-930 CONTINUED #MARKETS:   LIZ PEEK THE HILL. FOX NEWS AND FOX BUSINESS Elizabeth Peek: Elizabeth Peek examines the persistent tension between the White House and the Federal Reserve, observing that Chairman Jay Powell's actions are often perceived as politically motivated. She attributes high inflation during the Biden years to belated rate hikes and points to a "bound up housing market" due to past low mortgage rates and current high rates, making housing unaffordable. Peek highlights the underestimated, rapid impact of AI, noting its widespread adoption (700 million weekly ChatGPT users) indicates genuine, impactful companies rather than a bubble. She also supports Trump's proposal for addressing homelessness via dedicated facilities. 930-945 EU: JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. Judy Dempsey: Judy Dempsey analyzes Europe's political instability, including a wobbly French government facing a potential no-confidence vote and President Macron's struggles with reforms, while the far-right National Rally prepares for snap elections. Germany's Chancellor Merz also faces domestic opposition to reforms balancing social welfare and defense spending. Dempsey warns about the rise of anti-Ukraine, pro-Russian, Eurosceptic populist parties across Europe, which pose a significant challenge to regional stability and Washington's foreign policy, despite calls for a European-centric military force. 945-1000 CONTINUED; EU: JUDY DEMPSEY, SENIOR SCHOLAR, CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE IN BERLIN. Judy Dempsey: Judy Dempsey analyzes Europe's political instability, including a wobbly French government facing a potential no-confidence vote and President Macron's struggles with reforms, while the far-right National Rally prepares for snap elections. Germany's Chancellor Merz also faces domestic opposition to reforms balancing social welfare and defense spending. Dempsey warns about the rise of anti-Ukraine, pro-Russian, Eurosceptic populist parties across Europe, which pose a significant challenge to regional stability and Washington's foreign policy, despite calls for a European-centric military force. SECOND HOUR 10-1015 #STATETHINKING: @MARYKISSEL FORMER SENIOR ADVISER TO THE SECRETARY OF STATE. EXECUTIVE VP STEPHENS INC. Mary Kissel: Mary Kissel critiques China's military parade, labeling Xi Jinping's claim of sole WWII victory a "complete fiction" aimed at promoting a "new world order" and expanding influence. She expresses concern over India's presence at the Shanghai Cooperation Organization summit, viewing it as a potential move towards neutrality that could undermine US efforts to counter China's regional militarization. Kissel also attributes the rise of Eurosceptic, pro-Russian populist parties in Europe to the failure of mainstream political parties to adequately address citizens' economic realities, leading to cynicism and a challenge to US policy. 1015-1030 CONTINUED: Mary Kissel: Mary Kissel critiques China's military parade, labeling Xi Jinping's claim of sole WWII victory a "complete fiction" aimed at promoting a "new world order" and expanding influence. She expresses concern over India's presence at the Shanghai Cooperation Organization summit, viewing it as a potential move towards neutrality that could undermine US efforts to counter China's regional militarization. Kissel also attributes the rise of Eurosceptic, pro-Russian populist parties in Europe to the failure of mainstream political parties to adequately address citizens' economic realities, leading to cynicism and a challenge to US policy. 1030-1045 GAZA AND YEMEN: Jonathan Schanzer: Jonathan Schanzer reports on Israel's challenging but successful operation in Gaza City, which has neutralized key Hamas leaders and recovered hostages, significantly weakening the group, with only ten senior leaders remaining. He critically notes Qatar's role as a major patron of Hamas, not acting in good faith during hostage negotiations. Shanzer also highlights Israel's "remarkable operation" in Yemen, demonstrating enhanced intelligence capabilities against Houthi leadership, severely impacting the Iran-backed group. In Lebanon, efforts to disarm Palestinian camps and Hezbollah present a "generational opportunity" for the state to restore sovereignty. 1045-1100 LEBANON AND SYRIA: Jonathan Schanzer: Jonathan Schanzer reports on Israel's challenging but successful operation in Gaza City, which has neutralized key Hamas leaders and recovered hostages, significantly weakening the group, with only ten senior leaders remaining. He critically notes Qatar's role as a major patron of Hamas, not acting in good faith during hostage negotiations. Shanzer also highlights Israel's "remarkable operation" in Yemen, demonstrating enhanced intelligence capabilities against Houthi leadership, severely impacting the Iran-backed group. In Lebanon, efforts to disarm Palestinian camps and Hezbollah present a "generational opportunity" for the state to restore sovereignty. THIRD HOUR 1100-1115 #LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1115-1130 CONTINUED: #LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: Joseph Sternberg discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1130-1145 Professor John Cochrane: Professor John Cochrane addresses the fervent debate over the Federal Reserve's independence, with critics from both political extremes advocating for more accountability. He points to the Fed's expanded activities since 2008, including "subsidizing Wall Street," and alleged missteps that contributed to inflation and a problematic housing market. Cochrane argues for a more limited Fed, focused strictly on inflation, to preserve its independence and public trust, suggesting that its broadened scope jeopardizes its core mission and credibility. 1145-1200 CONTINUED:Professor John Cochrane: Professor John Cochrane addresses the fervent debate over the Federal Reserve's independence, with critics from both political extremes advocating for more accountability. He points to the Fed's expanded activities since 2008, including "subsidizing Wall Street," and alleged missteps that contributed to inflation and a problematic housing market. Cochrane argues for a more limited Fed, focused strictly on inflation, to preserve its independence and public trust, suggesting that its broadened scope jeopardizes its core mission and credibility.. FOURTH HOUR 12-1215 GREGORY COPLEY, DEFENSE & FOREIGN AFFAIRS     Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1215-1230 continued; Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1230-1245 CONTINUED Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1245-100 AM CONTINUED: Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. R

CONTINUED  Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1957 MA AND ZHOU PEKING UNIVERSITY

CONTINUED  Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1914 BAEDECKER PEKING

CONTINUED  Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1906 PKING NORTHSIDE

GREGORY COPLEY, DEFENSE & FOREIGN AFFAIRS     Gregory Copley: Gregory Copley discusses China's military parade, calling its claim of sole WWII victory a "breathtaking fiction" meant to boost the Chinese Communist Party's (CCP) collapsing credibility amidst widespread anti-CCP protests and a disrupted military. He highlights India's strategic aim for dominance in Central and South Asia, leading to its presence at the Shanghai Cooperation Organization summit, but not the parade. Copley also notes Europe's fiscal crises, exemplified by France and the UK, which face speculation of IMF bailouts due to political unwillingness to implement spending cuts and a growing reliance on the US for defense. 1901 PEKING STATION

CONTINUED: #LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: Joseph Sternberg discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1873 TRIAL OF FORGERS OF BANK OF ENGLAND

#LONDONCALLING:  @JOSEPHSTERNBERG @WSJOPINION Joseph Sternberg: discusses the alarming speculation that the UK and France might require IMF bailouts due to their enormous debt piles and fiscal deficits, and a political inability to implement austerity measures. He notes the UK is exhibiting "precrisis" signs with a weakening pound and rising long-term borrowing costs, reflecting a loss of investor confidence in its economic growth. Sternberg concludes that these major economies are too large for a traditional IMF bailout, implying they must address their fiscal challenges internally to avoid a financial crisis. 1850 BANK OF ENGLAND

Im F.A.Z. Podcast für Deutschland geht es heute um das Gipfeltreffen der Autokraten in China und den wachsenden Einfluss der chinesischen Macht auf Europa und den Westen.

PREVIEW: IMF BAILOUT: Colleague Joseph Sternberg of WSJ comments on the hypothetical that the IMF moves to bailout the debt-laden economies of London. More. 1901 THE ROYAL EXCHANGE AND THE BANK OF ENGLAND Comment on Excerpt from "P-STERNBERG-IMF-9-2.mp3": This segment introduces a significant debate concerning the International Monetary Fund (IMF) potentially bailing out the French and British governments. The idea is presented as if these major economies were small countries like Argentina, struggling and "out of whack". Joseph Sternberg explains the necessity and purpose of this debate, ultimately clarifying that both France and Britain are considered "too big to be bailed out" by the IMF. The segment sets the stage for understanding why such a notion, despite its apparent unfeasibility, has become a topic of discussion in London and Paris. Comment on Excerpt from "P-STERNBERG-IMF-9-2.mp3": This excerpt clarifies why the notion of an IMF bailout for France and Britain is largely symbolic rather than practical. The reality is that these countries are "far too big" for the IMF to realistically bail them out, despite its approximately one trillion US dollars in lending capacity. This capacity is sufficient for smaller economies like Pakistan or Greece, as seen 15 years ago with the Greek bailouts. However, for economies ranked as the sixth and seventh largest globally, with immense debt piles, the IMF cannot provide meaningful external assistance. Therefore, the crux of the debate in these countries is not about the feasibility of a bailout, but rather about the "policy conditions" the IMF would impose if such a bailout were to occur.

Carl and Dan are joined by Nicholas De Santo to discuss the Leicesterfication of the shires, our impending IMF bailout, and Starmer's schizo governance. Islander #4 is out! Buy it here

On this episode of the Alpha Exchange, I had the pleasure of reconnecting with Ken Rogoff, Professor of Economics at Harvard and former Chief Economist at the IMF. In our conversation, we explore themes from his latest book, Our Dollar, Your Problem, a valuable retrospective, and analysis of the rise of the U.S. dollar as the world's reserve currency and the vulnerabilities that accompany it. In our discussion, Ken reflects on the privileges America enjoys from dollar dominance, namely lower borrowing costs, financial system centrality, and sanction power—while warning that such advantages are not guaranteed forever.We also explore the lessons from past debt and currency crises and the fragility of fixed exchange rate regimes. Here Ken shares firsthand experience as a policymaker who was among those whose advice was sought for how to address many of the prominent FX vol episodes of the 1990's.We turn to the main point of his book – that there are risks that come with assuming low interest rates will persist indefinitely and that our policy instability may be quietly undermining the dollar's status as the reserve currency. Ken underscores that debt sustainability is as much about politics as economics, and that weakening of central bank independence may threaten the dollar's safe-haven role. The main message: periods of calm often mask deep vulnerabilities and complacency about fiscal deficits, global dollar reliance, and policy credibility can quickly give way to instability.I hope you enjoy this episode of the Alpha Exchange, my conversation with Ken Rogoff.

Im F.A.Z. Podcast für Deutschland geht es heute um die Frage, wie sich der Streit in der Koalition um Steuererhöhungen versus Sozialstaatreformen entwickelt. Und was der Vorsitzender der Jungen Union in NRW von der „Bullshit“-Äußerung von Bärbel Bas hält.

As Director of the Institute for Fiscal Studies, Paul Johnson was one of the most influential figures in British economics. Now Provost of Queen's College, Oxford, (as well as a Times columnist) having stepped down from the IFS this summer after a decade and a half of leading the independent think tank, Johnson offers his verdict on the British economy, what he makes of some of the choices facing Starmer's Labour government (including the possibility of a change to property taxes), his views on some of the decisions they've made so far (including Chancellor Rachel Reeves's raising of employer National Insurance contributions), how much credibility he gives to fears of an IMF bailout, the levels of taxation in the country, the financial policies of Reform UK and the Greens, comparisons between the cost of borrowing under Reevs and Liz Truss, and what he'd do if he were a benign dictator. 

In our 14th episode with Australian economist Bill Mitchell, the conversation focuses on the MMT perspective on international trade. Bill explains what is meant by the statement “imports are a benefit, and exports are a cost,” where it fits into the history of economic thought, and some of its implications. A significant portion of the conversation is dedicated to explaining the crucial shift from the Bretton Woods fixed exchange rate system to the modern system of floating exchange rates after 1971. Bill clarifies that in a floating regime, a currency-issuing government is not financially constrained in its domestic policy by “trade imbalances,” as it was under Bretton Woods. The episode also touches on bond vigilantes, the IMF, and the shifting status of the US dollar as the world's reserve currency. William Mitchell is Professor of Economics and Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle, NSW Australia. He is also the Docent Professor of Global Political Economy at the University of Helsinki, Finland, and Guest International Professor at Kyoto University, Japan. Follow Bill's work, including his upcoming books, at https://billmitchell.org/blog/

Tensions are rising between Emmanuel Macron and JD Vance as the EU considers striking back at U.S. tariffs by targeting American big tech. But with France facing a looming government collapse, €3.3 trillion in debt, and even talk of an IMF bailout, is Macron overplaying his hand?Support the showThanks for listening. For more commentary, join my newsletter! Click here to stay in touchSee you next time!

Interview recorded - 29th of October, 2025On this episode of the WTFinance podcast I had the pleasure of welcoming on Kenneth Rogoff. Kenneth is a world-renowned economist, former Chief Economist at the International Monetary Fund & Maurits C. Boas Professor at Harvard University. During our conversation we spoke about liberation day, impact on global economy, whether it would help manufacturing in the US, deficits, risk of US Dollar supremacy and more. I hope you enjoy!0:00 - Introduction1:42 - Current macroeconomics2:52 - Liberation day5:47 - Manufacturing in the US?8:10 - Concentrated Manufacturing12:08 - Deficits14:32 - Inflation16:57 - Fallout of continued deficits20:10 - Central bank independence26:52 - Chinese deflation29:42 - End of US Dollar Hegemony?34:42 - Replacing the US Dollar39:22 - US Dollar liquidity40:38 - One message to takeaway?Kenneth Rogoff is Maurits C. Boas Professor at Harvard University, and former chief economist at the IMF. His influential 2009 book with Carmen Reinhart, This Time Is Different: Eight Centuries of Financial Folly, shows the remarkable quantitative similarities across time and countries in the roots and aftermath of debt and financial crises. Rogoff is also known for his pioneering work on central bank independence, and on exchange rates. He is co-author of the widely-used graduate text, Foundations of International Macroeconomics. His 2016 book The Curse of Cash looks at the past, present and future of currency from standardized coinage to crypto-currencies. His monthly syndicated column on global economic issues is published in over 50 countries. Rogoff's 2025 book Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance and the Road Ahead offers a sweeping view of the post-war rise of the dollar, the challenges the rest of the world has in dealing with it, and how this experience can help inform the contours of the evolving new global financial system.Rogoff is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences. He has long ranked among the top dozen most cited economists, and is an international grandmaster of chess.Kenneth Rogoff - Book: https://yalebooks.yale.edu/book/9780300275315/our-dollar-your-problem/Website: https://rogoff.scholars.harvard.edu/X: https://x.com/krogoffWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail image from - https://www.fairobserver.com/economics/our-dollar-your-problem-market-stress-exchange-rate-feedback-and-the-fiscal-reckoning-ahead/

Canada removes counter-tariffs on the US. The Bank of Canada says they will start looking at house price inflation. France and the UK warn of potential IMF bailouts as sovereign debt crisis looms. Stocks keep melting higher. Start an investment portfolio that's built to perform with Neighbourhood Holdings. Visit https://www.neighbourhoodholdings.com/looniehour to learn more!Check out the Saretsky Group Real Estate Services: https://www.saretskygroup.com/

[깊이 있는 경제뉴스] 1) 보이스피싱 근절 대책… 금융사·이통사 책임 강화 2) 트럼프, 각국에 기후대응 줄이라며 보복 경고 3) 서울시·마을버스조합 충돌… 무료 환승 중단 위기 4) 프랑스 재정위기 심각… IMF 구제도 언급 - 김현우 행복자산관리연구소 소장 - 서영태 연합인포맥스 기자 - 박세훈 작가

The Gateway Podcast – Bryan Bowden – Across Time and Space: The Remote Viewing Experience Date: August 26, 2025 Episode: 91 Discussion: Across Time and Space: The Remote Viewing Experience About Sir Bryan: Sir Bryan M. Bowden, born and raised in New York City, originally pursued architectural engineering before shifting to international finance, earning his degree from Pace University. He worked with the IMF and World Bank on Third World debt issues before building a successful Wall Street career. Yet alongside his professional life, Bryan's childhood experiences with the unexplained sparked a lifelong passion for UFOs, cryptids, and the paranormal. Since 1977, he has investigated phenomena across the globe, encountering everything from Sasquatch and Dogman to mystical beings and UFOs. He became a founding member and director of the Bronxville Paranormal Society, where his fresh approach brought groundbreaking results, and went on to establish the New York State UFO, Sasquatch, and Dogman Projects. A skilled remote viewer, psychic medium, and Knights Templar, Bryan has earned recognition as both a field investigator and thought leader in the paranormal world. Beyond investigations, Bryan is the creator and co-host of several programs, including Beyond the Realm and Inside the Goblin Universe, and frequently appears on television, documentaries, and podcasts such as UFO Witness and Discovery+ specials. He is also an author, musician, and artist, with recent publications including Words & Muses – A Lyrical Life of Poetry. In late 2024, he launched Third Eye Live on YouTube, exploring consciousness and creativity. Bryan continues to speak at conferences nationwide, develop new books and media projects, and run his custom branding company. In September 2025, audiences can meet him at the Crossing Realms Conference in Richmond, Missouri. Contacts: https://linktr.ee/bryanmbowden Host: CL Thomas C.L. Thomas travels widely every year as a fine arts photographer and writer exploring various afterlife research, OBEs, metaphysics, folklore, and lectures at events. C.L. does "Spirit" art on request. She is the author of the haunting memoir "Dancing with Demons" and the acclaimed historical-fiction novel “Speaking to Shadows”. C.L. is the creator and host of The Gateway Podcast & Small Town Tales Podcast. She has written many articles and maintains a blog on legends, folklore magic, and paranormal stories. Currently, she resides in Las Vegas, Nevada with her beloved Golden Retriever and Maine Coon cat. www.clthomas.org Follow CL on Social Media: Facebook: https://www.facebook.com/cl.thomas.428549/ Instagram: https://www.instagram.com/author_cl_thomas/ YouTube: https://www.youtube.com/@clthomas

Economist Liam Halligan warns Britain may be heading toward a debt crisis not seen since the 1970s — when Denis Healey went “cap in hand” to the IMF. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Duncan Wales – the CEO of Tellimer – speaks with Dennis Shen, Chair of the Macro Economic Council and Lead Global Economist of Scope Group, concerning the future of Ukraine. They unpack the state of Russia-Ukraine negotiations following the Alaska Summit, the significant role security guarantees must play in any just settlement, and the IMF financing of the nation as well as outlook for debt restructuring.The Emerging Markets Podcast by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tellimer⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠– your single point of entry to emerging markets. Check out the full Tellimer offering ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Emerging Markets Podcast dives into a range of topics in the emerging and frontier market world including investment themes, debt restructuring, elections, and geopolitical tensions.DISCLAIMERThis podcast is provided for information purposes and represents the personal opinions of the speakers. It is not an offer or solicitation for investment in any securities, nor should it be regarded as investment advice. Tellimer Technologies Limited does not offer or provide advice and no mention of a particular security in this podcast constitutes a recommendation to buy, sell or hold that or any security, portfolio of securities, or enter any transaction or investment strategy. Nor is any such mention an indication that any investment is suitable for any specific person.For more information, please visit ⁠⁠Tellimer.com⁠⁠. 

In this episode, we talk with Sandile Hlatshwayo about working in important institutions such as the Council of Economic Advisors and the International Monetary Fund. Dr. Sandile Hlatshwayo is an IMF economist who previously served as a senior economist at the Council of Economic Advisors. She holds a PhD in Economics from UC Berkeley and works in international trade, finance, and macroeconomics. The conversation covers career paths in policy economics, day-to-day work at the CEA and IMF, the importance of mentoring, and practical advice for aspiring economists.Sebastian Tello-Trillo is an Associate Professor of Public Policy and Economics at the Frank Batten School of Leadership and Public Policy at the University of Virginia.Alex Hollingsworth is an Associate Professor of Economics at the Ohio State University.Henry Morris is our main editor. He is a student at the University of Virginia studying computer science and mathematics.Organizations & Initiatives Mentioned:The Sadie Collective: Diversifying economics, especially for Black women. Annual conference in February, research symposiums, and partnerships with Brookings and the Chicago Fed. More info: 'The Sadie Collective | Developing Leaders in Economics & Related FieldsAEA Committee on the Status of LGBTQ+ Individuals in the Economics Profession (C^2): Support and mentoring for LGBTQ+ economists. Weekly research seminars and annual mentoring conference. Committee on the Status of LGBTQ+ Individuals in the Economics ProfessionPhD Excellence Initiative (Stanford): Rigorous, fully funded pre-doc program for underrepresented students. Led by Peter Blair Henry. More info: The PhD Excellence Initiative - WelcomePapers & Research Mentioned:Rising Import Tariffs, Falling Exports: When Modern Supply Chains Meet Old-Style Protectionism - American Economic AssociationThe US-China Trade War and Global Reallocations - American Economic AssociationRecommendations of the Week:Board game: Hues and Cues – a fun, color-based guessing game for families and friends.Office hack: Over-the-door bike hanger for saving space.Glasses: Zeni (https://www.zennioptical.com/) – affordable online prescription glassesThank you for listening! Please subscribe, leave a review, and check out the links above for more information on the organizations and resources discussed in this episode.

60 years ago, Singapore was a sleepy trading outpost of the British empire at only 736 sq. km in size; with no natural resource, farmland, nor hinterland. Today, Singapore is a 1st world nation with a GDP of US$501 billion in 2023, ranked by IMF as the 4th richest nation per capita GDP in the world. WHY has God blessed us so richly, and in such a short time? How is this all tied to our call as an Antioch for Asia?

As Nigel Farage unveils plans to deport more than half a million illegal immigrants, we ask if it will hit home politically. Are voters more interested in policies, rhetoric, or data?Also on the programme:The French government is teetering on the edge - as the finance minister warns that France could need an IMF bail-out.And we discuss the role of sensitivity readers.

60 years ago, Singapore was a sleepy trading outpost of the British empire at only 736 sq. km in size; with no natural resource, farmland, nor hinterland. Today, Singapore is a 1st world nation with a GDP of US$501 billion in 2023, ranked by IMF as the 4th richest nation per capita GDP in the world. WHY has God blessed us so richly, and in such a short time? How is this all tied to our call as an Antioch for Asia?

Starmer Says Britain Isn't Broken – Liar, Failure, and Finished Starmer #BritainBroken #LucyConnolly #IllegalImmigration #MigrantHotels #UKPolitics #JonGaunt #NigelFarage Starmer says Britain isn't broken. He's a liar, a failure, and he's finished. He's ignored illegal immigration, packed hotels with migrants, failed to smash the gangs, and put freeloaders and foreigners before Brits. The economy is collapsing, small businesses are dying, we're staring down the barrel of an IMF bailout, he's up to his neck in allegations over the Lucy Connolly case, pushing restrictions on free speech, his MPs are turning on him – and now he's attacking Nigel Farage in a political suicide mission.  I expose why Starmer's time is up. #Starmer #BritainBroken #LucyConnolly #IllegalImmigration #MigrantHotels #UKPolitics #KeirStarmer #NigelFarage #EconomyCrisis #CostOfLiving #SmallBusinesses #PubsClosing #FreeSpeech #LucyConnolly #LabourParty #PoliticalCrisis #UKNews #StarmerFinished #StarmerExposed #UKEconomy #UKImmigration #BritishPolitics #StarmerLies #StarmerFailure #LabourRevolt #UKGovernment #BorderCrisis #ChannelCrossings #MigrantCrisis #UKLabour #StarmerVsFarage #StarmerUnderPressure #UKTaxCrisis #BritainInDecline #StarmerOut #EndOfStarmer #UKCostOfLiving #IMFBailout #BrokenBritain #StarmerDisaster #UKLeadershipCrisis #StarmerCollapse #StarmerAttacksFarage #UKCollapse #LucyConnollyCase #FreeSpeechUK #StarmerCensorship  Starmer, BritainBroken, IMF, IllegalImmigration, MigrantHotels, UKPolitics, KeirStarmer, NigelFarage, EconomyCrisis, CostOfLiving, SmallBusinesses, PubsClosing, FreeSpeech, LucyConnolly, LabourParty, PoliticalCrisis, UKNews, StarmerFinished, StarmerExposed, UKEconomy, UKImmigration, BritishPolitics, StarmerLies, StarmerFailure, LabourRevolt, UKGovernment, BorderCrisis, ChannelCrossings, MigrantCrisis, UKLabour, StarmerVsFarage, StarmerUnderPressure, UKTaxCrisis, BritainInDecline, StarmerOut, EndOfStarmer, UKCostOfLiving, IMFBailout, BrokenBritain, StarmerDisaster, UKLeadershipCrisis, StarmerCollapse, StarmerAttacksFarage, UKCollapse, LucyConnollyCase, FreeSpeechUK, StarmerCensorship  This video is a politics blog and social commentary by award winning talk radio star, Jon Gaunt  

This is a special episode from The Sovereign Podcast, hosted by Michael Ruiz, where Mike Peterson joined as a guest.In this conversation, Mike shares the full story of Bitcoin Beach and how a grassroots project in El Zonte helped inspire El Salvador to make Bitcoin legal tender. He talks about how the project began, the challenges of community building, and the mindset shift that happens when people start earning in Bitcoin. From keeping youth out of gangs to showing the world what a working circular economy looks like, Mike explains the lessons learned from years on the ground.You'll hear about the transformation of El Salvador, from a country once shaped by fear to one filled with optimism and opportunity. The discussion explores IMF loan conditions that influenced recent Bitcoin policy, what they mean in practice, and why the local Bitcoin circular economy is stronger than ever. Mike shares his perspective on growth, from grassroots work in small towns to attracting global attention and investment.For anyone interested in starting a Bitcoin-friendly community, Mike offers actionable advice: start small, build real relationships, and use media to bring in outside support. The conversation also digs into how libertarian ideals intersect with practical governance, what it takes to balance development with preserving local character, and why Bitcoin education is becoming part of the national curriculum.Whether you're a Bitcoiner, policy watcher, or someone passionate about economic freedom, this episode delivers insights on Bitcoin adoption, sustainable community building, and the long-term vision for El Salvador. Stick around until the end, when they get into the realities of development, property rights, and why even libertarians sometimes agree on a little regulation.-Bitcoin Beach TeamConnect and Learn more about Michael Ruizhttps://x.com/sovmindset https://www.youtube.com/@sovmindset Support and follow Bitcoin Beach:X: @BitcoinBeachIG: @bitcoinbeach_svTikTok: @livefrombitcoinbeachWeb: bitcoinbeach.comBrowse through this quick guide to learn more about the episode:00:00 How did Bitcoin Beach begin as a grassroots project in El Zonte08:45 What inspired Mike Peterson to move to El Salvador full time17:12 How a donor's vision sparked a Bitcoin circular economy25:30 What the IMF loan conditions mean for El Salvador's Bitcoin law36:20 How Bitcoin adoption is changing savings culture and community building44:50 Practical advice for starting your own circular economy project55:15 Why media strategy is essential for grassroots Bitcoin adoption01:02:40 How gang violence reduction transformed daily life in El Salvador01:15:05 What industries and opportunities El Salvador needs to grow01:28:50 The future vision for Bitcoin Beach and global circular economiesLive From Bitcoin Beach

This week, our hosts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠Dave Bittner⁠⁠⁠⁠⁠⁠⁠⁠, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Joe Carrigan⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Maria Varmazis⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ (also host of the ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠T-Minus⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Space Daily show) are sharing the latest in social engineering scams, phishing schemes, and criminal exploits that are making headlines. We start with some follow up from Chris Martin, a long-time listener and fan of the show. Chris shares that his employer uses Hoxhunt for cybersecurity awareness training and came across a fun gem worth mentioning. Next, Jay writes in with a heads-up about a scam running in large cities. Criminals are reportedly sticking phones to desirable cars and then using the tracking features to show up at victims' homes to steal the vehicles. Joe has more info on his chickens. Maria shares the story of a Spotify job recruitment scam and the email she received, where scammers used a convincing fake site to mimic Spotify's real careers page in an attempt to steal logins. Joe has two stories this week, the first on federal investigators charging 13 people in a $5 million “grandparent scam” that targeted hundreds of elderly victims, a scheme uncovered after Uber flagged suspicious activity to the FBI when its drivers were unknowingly used to move cash. His second story looks at Northern California, where two suspects were arrested in a “cash drop scam” linked to more than 40 cases across six states, after a sharp-eyed loss prevention agent recognized the scheme and alerted police. Dave's story this week covers federal investigators charging 13 people in a $5 million “grandparent scam” that targeted hundreds of elderly victims, uncovered after Uber flagged suspicious activity to the FBI when its drivers were unknowingly used to move cash. Our Catch of the Day comes from Patrick, who shared a scam email claiming to be from the IMF offering a $9.8 million “compensation fund” paid out in daily $5,000 MoneyGram transfers—if the recipient just hands over all their personal details. Complete our annual ⁠⁠⁠⁠⁠⁠⁠audience survey⁠⁠⁠⁠⁠⁠⁠ before August 31. Resources and links to stories: ⁠Spotify Job Recruitment scam Uber drivers help end scam targeting hundreds of grandparents, U.S. attorney says ‘Cash drop scam' in Northern California leads to two arrests, linked to 40 cases Good Morning Britain Correspondent Noel Phillips Loses Life Savings in Elaborate Phone Scam. How Can Your Stay Safe living nightmare Good Morning Britain host loses ‘whole life savings' to phone scam and admits ‘the shame is devastating' ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Have a Catch of the Day you'd like to share? Email it to us at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠hackinghumans@n2k.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠.

Send us a textOur new Best Friend of the Podcast, Pete Sepenuk joins us!! You might know him from the Anime Naruto and Bleach, or the Final Fantasy VII remake, or MLB!! Give us so many stories about Voice acting and his time working with great Producers, Actors and Directors in Hollywood. We talk about the one our fav films of all time, The Ghost and the Darkness!! We try three brews of course while we had a hell of time together!!! How he fell into Movie Editing!Pop Culture: King of the Hill and Saladin Patterson, Gail Anne Hurd and her works, and much moreBrew had during Pop Culture: Did I Dew that! Baja Blurst by Vice Beer and Sig Brewing CoBeer Flights: We learn about Pete and get to the bottom of his darkest secrets! Yacht Rock, IMF agents and Invincible(MTV)Brew during Beer Flights: PB&J Mixtape by Xul Beer CoTop Shelf : Top 3 Movies or TV shows that cant or shouldnt be rebooted or remadeBrew during Top Shelf Yacht Party by Charles Towne FermentoryTheme Song by Lost Like Lions Guest Links and Social Media:Instagram:   @thesepvoX: @thesepvoHop Station Craft BarGet Beer, Cocktails, and fab food while enjoying darts, vintage games. Hop Station is hopping!Coastalos SodasUrban Artifact launched our own hemp derived THC brand Coastalo. Made with real fruit!!Niles BrewingUnique Beers and Cocktails! They host events and trivia weekly. Located in downtown Niles, Michigan!TavourUse our promo code 'DrunksWithBuds' for $10 off your second order.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

// GUEST //YouTube:  @GreenCandle  &  @keysopen_doors  LinkedIn: https://www.linkedin.com/in/brandonkeys072394 X: https://x.com/Greencandleit and https://x.com/keysopen_doors // SPONSORS //iCoin: https://icointechnology.com/breedloveCowbolt: https://cowbolt.com/Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/Blockware Solutions: https://mining.blockwaresolutions.com/breedloveIn Wolf's Clothing: https://wolfnyc.com/Onramp: https://onrampbitcoin.com/?grsf=breedloveMindlab Pro: https://www.mindlabpro.com/breedloveCoinbits: https://coinbits.app/breedloveThe Farm at Okefenokee: https://okefarm.com/Orange Pill App: https://www.orangepillapp.com/ // PRODUCTS I ENDORSE //Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedloveLineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/Salt of the Earth Electrolytes: http://drinksote.com/breedloveJawzrsize (code RobertBreedlove for 20% off): https://jawzrsize.com // SUBSCRIBE TO THE CLIPS CHANNEL //https://www.youtube.com/@robertbreedloveclips2996/videos // TIMESTAMPS // 0:00 – WiM Episode Trailer 1:07 – Brandon's Background: Engineering to Bitcoin 11:55 – Bitcoin Self-Custody and Taking Responsibility 13:06 – More Millionaires Than Satoshi Millionaires 19:56 – iCoin Bitcoin Wallet 21:25 – Cowbolt: Settle in Bitcoin 22:40 – MAG7 and Accelerating Bitcoin Adoption 25:55 – Government-Level Bitcoin Accumulation 28:58 – Jamie Dimon and Chase Declare War on Bitcoin 35:33 – Could Coinbase Collapse? 42:19 – Heart and Soil Supplements 43:19 – Mine Bitcoin with Blockware Solutions 44:20 – Stop Selling Sh*tcoins, Brian Armstrong 48:55 – Could Governments Co-Opt Bitcoin? 50:11 – Why Saylor Rejects Proof of Reserves 55:19 – The Risk of Bitcoin Treasury Companies 1:00:06 – Strike and Borrowing Against Your Bitcoin 1:03:41 – Helping Lightning Startups with In Wolf's Clothing 1:04:33 – Onramp Bitcoin Custody 1:06:29 – Can Anyone Catch Saylor and MSTR? 1:16:39 – Will MSTR Become a Bitcoin Bank? 1:20:10 – Bitcoin Nation-State Adoption: Bullish or a Trap? 1:30:39 – Mind Lab Pro Supplements 1:31:50 – Buy Bitcoin with Coinbits 1:33:18 – El Salvador and Bukele vs the IMF 1:37:48 – Tether's Role in the U.S. Bond Market 1:40:57 – The Genius Act and Lummis Bill Explained 1:44:12 – Bitcoin Is Flying Off Exchanges 1:55:16 – The Farm at Okefenokee 1:56:26 – Orange Pill App 1:56:54 – Could the U.S. Government Be Buying Bitcoin? 2:02:03 – Are the 4-Year Bitcoin Cycles Over? 2:13:47 – Bitcoin, Gold, and Gambling 2:21:37 – Closing Thoughts and Where to Find Brandon Keys // PODCAST //Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsERSS Feed: https://feeds.simplecast.com/MLdpYXYI // SUPPORT THIS CHANNEL //Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2 // SOCIAL //Breedlove X: https://x.com/Breedlove22WiM? X: https://x.com/WhatisMoneyShowLinkedin: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22Substack: https://breedlove22.substack.com/All My Current Work: https://linktr.ee/robertbreedlove