Podcast appearances and mentions of Janet Yellen

Let's take a moment to explore the powerful and often overlooked history of women and money in America. This journey has been marked by bold shifts, surprising setbacks, and undeniable progress. The path has been anything but linear from the 1862 Homestead Act to women now leading Fortune 500 companies.   This isn't just a look back; it's a reminder that your wealth-building journey is part of something bigger. When we understand the laws that shaped us, like the Equal Credit Opportunity Act of 1974, and celebrate pioneers like Madam C.J. Walker, we begin to see that financial independence isn't just about money. It's about power, legacy, and rewriting the future.   Why does this matter now? I believe every woman deserves the financial power to walk away from any job or relationship that isn't serving her. This episode is a reminder that we're not just chasing wealth, we're building freedom.   Let's keep learning, investing, valuing ourselves, and enjoying the journey together.   01:15 – Before 1974: Needing a man's permission to open a bank account 04:30 – The Homestead Act and the start of women's property rights 06:15 – Madam CJ Walker's legacy of empowerment 07:45 – The 19th Amendment and why voting is part of wealth-building 10:00 – The Equal Pay Act: Progress and reality 12:45 – Janet Yellen and the rise of women in economic leadership 14:00 – From one female CEO in 1972 to over 50 today    

Tom Bodrovics introduces Chris Whalen, author of Inflated: Money, Debt, and the American Dream, which has been re-released in a second edition with significant updates. The conversation focuses on the current state of markets, the impact of President Trump's tariff policies, and the challenges posed by the federal debt and inflation. Chris explains that he removed 20,000 words from his original book to make space for a new chapter analyzing the Federal Reserve's management of the money supply under Ben Bernanke, Janet Yellen, and Jerome Powell. He highlights how the U.S. housing market has become heavily government-supported, leading to increased volatility and rising costs for consumers. Discussing inflation, Chris notes that it is driven by the inability of governments to generate sufficient income to meet their people's needs, as seen in countries like Argentina. He argues that borrowing from future income through debt creates distortions, particularly in housing markets, where prices have surged due to low interest rates and government intervention. He also critiques the dysfunctionality of Congress, which he believes is unable to pass budgets or manage spending effectively. Chris emphasizes the importance of gold as a hedge against inflation and expresses skepticism about stablecoins and cryptocurrencies, calling them speculative vehicles rather than reliable alternatives to fiat currency. He suggests that the U.S. dollar's dominance in global markets contributes to inflationary pressures, as other countries benefit from using dollars without bearing the associated costs. The discussion concludes with Chris offering an optimistic outlook, noting that while challenges remain, opportunities exist for investors to navigate inflation through real estate and gold. He encourages listeners to manage investments with a long-term perspective, considering the erosive effects of even low levels of inflation over time. Time Stamp References:0:00 - Introduction1:02 - His Revised Book3:08 - Tariffs & Debt Distortions7:12 - Reserve Currency & Inflation11:03 - Debt Markets & Fed/Banks17:32 - National Debt & Spending21:18 - DOGE Cuts & Old Systems30:17 - Trump's Strategy?34:04 - Gold During Nixon Era39:08 - Book & US Administrations44:13 - MMT Era & Cryptocurrency?50:21 - Silver Supply & 1800s52:06 - Stablecoin Backing55:02 - Concluding Thoughts56:33 - Wrap Up Guest Links:Website: https://www.rcwhalen.com/X: https://x.com/rcwhalenBooks (Amazon): https://tinyurl.com/mv3wctcrLinkedIn: https://www.linkedin.com/in/rcwhalen/ Richard Christopher Whalen is an investment banker and author based in New York. He serves as Chairman of Whalen Global Advisors LLC, focusing on banking, mortgage finance, and fintech sectors. Christopher is a contributing editor at National Mortgage News and a general securities principal and member of FINRA. From 2014 to 2017, he was the Senior Managing Director and Head of Research at Kroll Bond Rating Agency, leading the Financial Institutions and Corporate Ratings Groups. Previously, he was a principal at Institutional Risk Analytics from 2003 to 2013. Over three decades, Chris has worked as an author, financial professional, and journalist in Washington, New York, and London. After graduating, he served under Rep. Jack Kemp (R-NY) at the House Republican Conference Committee. In 1993, he was the first journalist to report on secret FOMC minutes concealed by Alan Greenspan. His career included roles at the Federal Reserve Bank of New York, Bear Stearns & Co., Prudential Securities, Tangent Capital, and Carrington Mortgage Holdings. Christopher holds a B.A. in History from Villanova University. He is the author of three books: "Ford Men: From Inspiration to Enterprise" (2017), published by Laissez Faire Books; "Inflated: How Money and Debt Built the American Dream" (2010) by John Wiley & Sons; and co-author of "Financial Stability: Fraud, Confidence & the Wealth of Nations,

Yellin & the News – After attending the CFA Society of Boston Annual Market Dinner, Chris Boyd offers his thoughts from Janet Yellen's keynote speech. Chris reviews Yellen's negative views on broad-based tariffs and other policies of President Trump. Jeff Perry joins the conversation as it shifts to other items in the news including more on tariffs, the Federal Reserve interest rate decision, new employment data, corporate earnings and a lack of guidance from CEO's. The episode ends with thoughtful commentary from Chris about what an investor should do during these uncertain economic and political times. For more information or to reach TEAM AMR, click the following link: https://www.wealthenhancement.com/s/advisor-teams/amr  

①Chinese President Xi Jinping will pay a state visit to Russia and attend the Great Patriotic War Victory celebrations. What message does it send to the international community? (00:46)②Janet Yellen warns Trump tariffs will have "tremendously adverse" impact. (11:12)③Australian Prime Minister Anthony Albanese has won re-election. To what extent has he benefited from the anti-Trump sentiment in the country? (23:25)④Germany's Intelligence agency labels far-right AfD as extremist. (33:26)⑤Donald Trump orders 100% tariffs on movies made outside the US. What could this mean for Hollywood and the global film industry? (42:15)

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/political-science

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/biography

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

More than any other single institution, the US Federal Reserve drives global capital markets with its decisions and communications. While its interest rates are set by a committee, for almost a century, the Fed's philosophy and operational approach have been moulded by one person: the Chair of the Board of Governors. In the first series of The Chair, Tim Gwynn Jones talked to authors of books about the Fed's foundational Chairs – Marriner Eccles, Bill Martin, Arthur Burns, and Paul Volcker. In this second series, he covers the people who chaired the Fed through the post-1990 period of financialisation, globalisation, and – perhaps today – deglobalisation. The third episode of the second series covers Janet Yellen – not only the first woman to become Fed Chair but the first person of either sex to lead the Fed, the Treasury, and the Council of Economic Advisors. To discuss Ben Bernanke's successor, Tim is joined by Jon Hilsenrath, author of Yellen: The Trailblazing Economist Who Navigated an Era of Upheaval (Harper Collins, 2022). “Bernanke was a consensus builder,” says Hilsenrath. “He wasn't the kind of guy who was going to push people on a personal level out of their comfort zones … Yellen was a bit of a bulldog there, but she was also a bulldog with the Fed staff. I mean, she had a view that the world was on fire and that they, you know, and that they had to be moving like people putting out a fire”. In 2023, Hilsenrath left the Wall Street Journal after a 26-year career during which he developed a market reputation as a pre-eminent Fed-watcher. He's still watching the Fed but now for his own advisory firm. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

On today's show, LIVE on Thunderous Radio (Stream 2) https://thunderousradio.com at 4:06 pm CT, 5:06 pm ET: Borderline: Federal Judge rebukes Trump for doing 'nothing' to facilitate release of illegal alien deported to El Salvador - Another U.S. District Judge claims Trump Administration ignored deportation order, threatens contempt of court - President of El Salvador scorches media for suggesting he send MS-13 gangster back to U.S. - White House Deputy Chief of Staff for Policy Stephen Miller says because there are millions of people in the country illegally, due process for them would take centuries - we'll analyze. Political Economics: Klobuchar claims ‘If you believe in capitalism,' we should be ‘increasing some of the corporate taxes' - Janet Yellen claims American manufacturing is a ‘pipe dream,' may not be a ‘desirable goal' - we'll examine. Poll shows most Democrats want their party to "become more progressive," - Are Democrats increasingly becoming apathetic to a rise in political violence in America, even against their own? - we'll explore. Plus, The Faithful: Cuba bans Christians from celebrating Palm Sunday tradition - Greek Orthodox Church Archbishop says Trump's Election ‘Positive Development,' ‘I commend him and believe he Is benefiting the world,' but needs to be careful to keep the world from spiraling into war. http://www.spreaker.com/show/christian-talk-that-rocks https://christiantalkthatrocks.net or http://christiantalkthatrocks.com #illegalaliens #deportation #Cuba #ElSalvador #FedralJudge #Trump #GreekOrthodoxChurch #Democrats #politicalviolence #corporatetaxes #Americanmanufacturing

Rob Carson dives into Tax Day with fiery commentary on how the federal government has misused American tax dollars and why real-world experience matters more than elite credentials. He critiques Biden, Janet Yellen, Obama, and media outlets like CNN for being out of touch with working Americans. Key Highlights: Nvidia's $500B U.S. Manufacturing Announcement: Carson hails it as a direct rebuttal to Yellen's pessimism about American industry. Ties the resurgence in U.S. manufacturing to Trump's policies and negotiating strategy. Trump vs. Elites: A recurring theme pits “book smart” coastal elites against Trump's “real-world savvy,” praising the return of factory jobs and criticizing past administrations for outsourcing and failing to support American labor. CNN & Media Bias: Claims CNN and similar outlets “hate America,” with segments replayed to support the point, including attacks on the network's stance on nationalism and American pride. The Deportation Debate: The show skewers Democratic efforts to bring an MS-13 gang member back to the U.S., with multiple legal experts and Trump allies explaining the legality of his removal and the absurdity of the opposition. Rise of the MAGA Movement: New polling shows growing support for Trump and MAGA, especially among younger and college-educated voters. Carson sees this as a rejection of left-wing policies and identity politics. Today's podcast is sponsored by : BIRCH GOLD - Protect and grow your retirement savings with gold. Text ROB to 98 98 98 for your FREE information kit! EXPRESS VPN – It's not worth the risk. Protect your online identity and sensitive information from cyber hackers. Get FOUR MONTHS FREE now by going to http://ExpressVPN.com/NEWSMAX   To call in and speak with Rob Carson live on the show, dial 1-800-922-6680 between the hours of 12 Noon and 3:00 pm Eastern Time Monday through Friday…E-mail Rob Carson at : RobCarsonShow@gmail.com Musical parodies provided by Jim Gossett (www.patreon.com/JimGossettComedy) Listen to Newsmax LIVE and see our entire podcast lineup at http://Newsmax.com/Listen Make the switch to NEWSMAX today! Get your 15 day free trial of NEWSMAX+ at http://NewsmaxPlus.com Looking for NEWSMAX caps, tees, mugs & more? Check out the Newsmax merchandise shop at : http://nws.mx/shop Follow NEWSMAX on Social Media:             • Facebook: http://nws.mx/FB             • X/Twitter: http://nws.mx/twitter            • Instagram: http://nws.mx/IG            • YouTube: https://youtube.com/NewsmaxTV             • Rumble: https://rumble.com/c/NewsmaxTV             • TRUTH Social: https://truthsocial.com/@NEWSMAX            • GETTR: https://gettr.com/user/newsmax            • Threads: http://threads.net/@NEWSMAX             • Telegram: http://t.me/newsmax              • BlueSky: https://bsky.app/profile/newsmax.com                • Parler: http://app.parler.com/newsmax Learn more about your ad choices. Visit megaphone.fm/adchoices

Janet Yellen calls rebuilding American manufacturing a "pipe dream" — but it's not ignorance. It's the plan. For decades, our political elite, from the Bush dynasty to the Biden administration, have worked hand-in-glove with globalist powers to offshore American industry, sabotage our tax code, and strip this nation of economic sovereignty. From NAFTA to China's WTO entrance, to blocked rare earth mining and manipulated energy policies, every move has been deliberate. This isn't about trade — it's about control. It's about erasing borders, crushing independence, and making America dependent on foreign power. Trump's tariffs? They're not just economic tools — they're acts of resistance in a war for the soul of the republic.

Former Treasury Sec. Janet Yellen says bringing manufacturing back to the US is a pipe dream, and rails against Pres. Trump's moves to eliminate dependence on China. Plus the morning's biggest news on Hour 2 of the Tuesday Bob Rose Show for 4-15-25

President Trump exempted consumer technology and components from his reciprocal tariffs on Friday, though by the end of the weekend, his advisors warned that those exemptions may not be permanent. Apple has reportedly increased its iPhone production in India to avoid the impact of the White House's tariffs on goods imported from China. In an extended conversation, former Federal Reserve Chair and former Treasury Secretary Janet Yellen weighs in on the Trump administration's tariff agenda, as well as the stability of U.S. treasurys. Former FTC Chair Lina Khan shares her own perspective on President Trump's tariff agenda, and the two guests both align on one descriptor: chaotic. Khan, once the top antitrust watchdog, discusses the beginning of the FTC's case against Meta, calling into question Facebook's acquisitions of Whatsapp and Instagram.  Janet Yellen - 17:25Lina Khan - 35:47 In this episode:Lina Khan, @linamkhanKelly Evans, @KellyCNBCJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

In a dramatic change of policy, US President Donald Trump hikes China tariffs to 125% on goods entering the United States. Most other countries will now see a 90-day pause on higher import taxes. We hear from Everett Eissenstat, an international economics adviser in the first Trump White House, and Natasha Sarin, who advised Janet Yellen when she was Treasury Secretary. Also, Graham Allison from Harvard Business Schools shares his analysis after recent meetings with President Xi Jinping in Beijing. And, Karin Karlsbro, vice-chair of the European Parliament's Committee on International Trade warns tensions between the EU and US are far from over.

Keith shares some historical perspective on inflation highlighting the cost of a Taco Bell meal in 1999 to its cost today. He also touches on the concept of service inflation, where services like mail delivery and self-checkout at grocery stores have become less convenient but not cheaper. Keith reviews the historical performance of real estate during the last eight recessions, noting that housing prices usually rise during recessions. He explains the concept of the Inflation Triple Crown: asset price inflation, debt debasement, and cash flow enhancement. Housing prices usually rise during recessions, as demonstrated by historical data. Resources: To learn more about the Inflation Triple Crown go to: getricheducation.com/itc. Show Notes: GetRichEducation.com/547 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, is higher inflation or even hyper inflation now in our future, and is an imminent recession, or even worse, a depression lurking. What's it all mean for your investments and your real estate? We'll investigate exactly what happens to real estate during recessions, historically today, on get rich education,   since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold rights for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests and key 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 get rich education podcast. Sign up now for the get rich education podcast or visit get rich education.com   Corey Coates  1:19   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:35   Welcome to GRE from Hartsdale, New York to Springdale, Utah and across 488 nations worldwide. I'm Keith Weinhold. I think you know that by now, you are inside one of America's longest running and most listened to real estate investing shows. This is get rich education. Most people have two plans. Plan a get rich. If that doesn't work out, the alternative is Plan B, which is hate rich people.   We are firmly rooted in plan a for you here. So yes, we're about building your wealth, but ultimately we are a lifestyle improvement show. I'm going to get to high inflation and the potential for a recession or depression in just a minute. But I recently got a reminder on the fragility of life and its finite nature. My oldest friend recently died. He was almost like a mentor to me, a friend of mine's grandmother recently died, shattering her world, and it's a reminder that you won't be remembered for the money that you make. You won't even be remembered the real estate portfolio that you build. I mean, that surely won't last. The tennis that you serve, they'll die as well. I will be forgotten. This show will be forgotten. The people that love you, their opinions will die with them. Your Haters, their opinions will die with them. You can confirm that this is true right now by naming your eight great grandparents for me, there. Go ahead. You can't do it. I can't either. So what can you do, at least in this finite life that you have on earth? What you can do is enjoy your existence. The good news is, because you can control this, you can control enjoying your life and existence as get rich education is ultimately a lifestyle improvement show, and we are squarely helping you do that right here. And one way that I've done that over the years is by pointing out how inflation is actually advantageous to real estate investors. Well, it impoverishes most people. You're initiated on that by now. That's something that you really found out tangibly back during the pandemic. Now today, though, wow, people are frightened. I've got some contemporaneous material to share with you today, but I'll give you some lessons so that even if you're listening to this 10 years from now, you're going to learn some lessons. Americans inflation expectations for the next five years. They just hit the highest level since 1993 Yeah, expecting a lot of inflation, tariff pressures are a huge concern now. Last week, inside our newsletter, I sent you something that gave you some perspective on inflation. I sent you a photo of a Taco Bell receipt from 1999that might have left your mouth agape if you didn't see it. I'll tell you about it here and expand on this. And yes, it could leave you aghast, stupefied, gobsmacked, or even flabbergasted. In a sense, 1999 was not that long ago. It's sure not like ancient history. I mean, I was alive then, yes, I am here, and I'm from the 1900s. Well, this 1999 Taco Bell receipt that someone found perfectly preserved in the pages of a book. It shows a complete meal that was purchased for $3.50 it was actually just $3.26 and then the rest was tax added in. That's 350 for a chili cheese burrito, a taco nachos and a 16 ounce Pepsi. That's not the price for each item. That is the combined total from 1999 All right, how much do you think those same items would cost today? I don't eat there. I went to the Taco Bell website and found out. I mean, what an inflation measuring stick. This is what cost, 350 A Taco Bell in 1999 costs $11.44 today I use the same sales tax rate to come up with that. So today it's 1144 and today they also ask you a question a Taco Bell, if you want to round up for the kids or something like that, and then just watch, pretty soon, they're gonna request a tip too. That's a 327% price increase, and few people's wages have risen that much since 1999See, I told you that you would be left slack job and flabbergasted. All right, so let's look at where we are today. Now it's not an apples to apples comparison, but you know, Taco Bell is a fast food restaurant. Let's look at the price of a consumer item at a sports stadium today. All right, because both are places that everyday Americans frequent college basketball's March Madness tournaments have been taking place the last few weeks. Well, for the first time ever, the SEC is selling beer at its tournament. The price for one large premium draft beer is $17.50 so before tax or tip, 1750 for one beer all in that might be $20 or more, and I doubt that the beer is really that premium. I mean, you know what kind of beer you get at stadiums. So we look at inflation, one beer today is at least five times the cost of a complete Taco Bell meal in 1999   that's price inflation, and that's the stuff that's highly perceptible. Okay, you've been seeing that effect all of your life. It's making most people poorer. It's making real estate investors wealthier. And then there's the inflation that few people consider the less perceptible stuff, service inflation. And what are some examples of service inflation growing up the postal service delivered mail right to my parents porch, and they still do deliver mail right to my parents porch. Their neighborhood was built more than 100 years ago, but look, when new neighborhoods are built today, like places I've lived and perhaps where you live now, the postal service doesn't deliver your mail right to the individual mailbox on your porch. Today, you've got to walk both ways to your neighborhood's mailbox cluster. Some people even have to drive to get their mail. So your mail is no longer being delivered. Really, you have to go pick it up. Well, they don't lower the price for that reduced service level. That's service inflation. A second example is more obvious, grocery self checkout. You're taking the time and doing the work of scanning your groceries, but yet, they sure aren't lowering the prices of your lettuce and your beef jerky. And look service, inflation is here to stay. That is because companies make investments in it. The Postal Service bought those mailbox clusters, the supermarket bought those self checkout kiosks.    All right, so with this ramp and price inflation and service inflation, along with it, and the other forms of inflation that I've talked about on the show before, like stagflation, tip inflation and Shrink flation and skimpflation. What is an individual investor like you supposed to do? Well, stock and mutual fund investors get killed by inflation. I mean, think about it this way, just killed if the Sp5, 100 gains 10% but there's 5% inflation. That's a 50% hidden tax on your gain, plus you might pay capital gains tax. On top of that, savers really get obliterated. I mean, just destroyed if your bond yield or your savings account pays 4% interest, and there's 5% inflation. That is a 125% hidden tax on your gain, and then you might pay regular tax on top of that. So stocks and mutual funds and savings accounts are not the answer. What is the answer? Real Estate and borrowing the opposite of saving. And let me address now, whenever people get fearful that another wave of inflation is coming, whether that's tariff induced or otherwise, let's not get carried away and think that Hyperinflation is right around the corner, although definitions of hyperinflation vary, the most accepted one by economists is a 50% inflation rate per month, not annually, per month. So that would be over 600% a year, with compounding. I mean, that would be really hard to get, but what we do know is that inflation is still elevated above the Fed's 2% target. It's 2.8% today. And what we do know is that more inflation is coming at what rate nobody knows. These facts almost necessitate that you have either got to start your own business, which is tough, or become a real estate investor which is easier, in order to escape this and acquire some lasting wealth. Any devoted listener here knows that the formula for beating it is luckily, not highly sophisticated, not esoteric, not anything that you need a degree or certification for, just own income properties with loans, and that's when inflation produces three profit centers. As we know that is something that I coined as the inflation triple crown. So if you're new, you're learning something. If you've been around here for a while, here's a little comprehension test for you. What are the three crowns in the inflation Triple Crown, you win with asset price inflation, debt debasement and cash flow enhancement. Asset price inflation benefits you because you have leverage gains debt debasement passively lightens our debt burden for us, and then cash flow enhancement, that boosts our cash flow above the inflation rate, because our principal and interest payment stays fixed. And you can learn more about that totally free. You don't even have to leave your email address or anything. You can watch the three videos of the inflation Triple Crown at get rich education.com/itc. For inflation, Triple Crown, it's just good free learning for you there I've made available at get rich education.com/itc, it is a foundational financial education. Is a recession or even a depression eminent, that's straight ahead. I'm Keith Weinhold. You're listening to get rich education.   You know what's crazy? Your bank is getting rich off of you, the average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom. Family investments. Liquidity fund again. Text family, to 66866   hey, you can get your mortgage loans at the same place where I get mine at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties, they help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaley Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com that's Ridge lendinggroup.com   you   Dani-Lynn Robison  15:45   This is freedom. Family investments. Co founder, Danny Lynn Robinson, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  16:00   Welcome back to get rich Education. I'm your host. Keith Wynne Holland, you are inside episode 547. I'll tell you, being a landlord or real estate investor can really change you now. I was using the stair climber at the gym just before talking to you today, I like to set up a big fan down on the floor to keep me cool before running or climbing. Plug it in, set up a fan. When I'm done, I turn off the fan. It's just a habit. I don't pay the electricity bill at my gym, but it's just the way that I would want to be treated. But you know what? When I find a fan that's already set up before I grab it and start on the treadmill. That fan is always running when no one is using it. No one turns off their fans when they don't have to pay for the electricity. And this reminds me of when I owned apartment buildings in Anchorage, Alaska, and tenants kept their windows open, even during the frigid winter, so that they could get fresh air. Yeah, you can guess who was paying the heating bill. It wasn't the tenant. It was me. The larger the apartment building is, the more likely that the owner is the one that pays for more of the utilities. And of course, in that case, you can look into utility sub metering. That process can be costly, but it might be worth it. It can increase your cash flow and your net operating income, which, when it increases your net operating income, that means that it also increases the apartment buildings value. And you know, in real estate today, you've got to look for where the opportunities are. There are opportunities in every market today. For places where there are specifically good opportunities are apartment buildings where their values have fallen 20 to 30% in some markets, it's wise to invest in beaten down sectors that you just know are going to come back like you know, the demand for apartment buildings is going to be there long term. This doesn't mean that you want to invest in any beaten down sector, like Office real estate in general. I don't see how that's coming back. A second strong real estate opportunity today is to find over built pockets, especially ones that exist in Texas and Florida. I mean, this is why they call them buyers markets. A Texas or Florida seller might make you a deal, and that doesn't mean everywhere in these states. For example, Southwest Florida is one area that's specifically over built, even amidst the national landscape that's under built. A third and a fourth area of specific real estate opportunity today are two that I have mentioned before, but they persist. That is still brand new, properties where many builders are still motivated to buy down your mortgage rate to about 5% even 4.75% in some cases, and new builds have low insurance premiums too. And then a fourth opportunity. That's something that we've covered a good bit here these past few weeks. BRRRR, real estate investing, buy, rehab, rent, refinance and repeat. That's a specifically good strategy if you don't have, say, hundreds of 1000s of dollars in liquidity to invest. Now you might ask, do those four strategies have validity? Do they have cogency in today's market, where there are these fears of an economic slowdown. Oh, yes, they do, or I would not have gone over them, but these palpable recession Fears are growing, and some are even asking, is a new Great Depression eminent? There is tons of bad economic news right now, not just in the US, but the global economy is on the edge, starting earlier this month, stock market tremors have turned into full blown convulsions. Trillions of dollars in wealth have just vaporized, wiped out. Investors are rattled, consumers are anxious. Business owners are confused, and those in power in the administration, they insist that tariffs and policy swings are all just part of a transition period, but a transition to what some have even asked, Is the everything bubble finally about to pop. Is this the brink of a recession or something even deeper, a D pressure? Well, one thing is undeniable, from stocks to crypto asset prices recently made a free fall, and I've got some long term lessons for you today, even if you're listening to this years from now, including what a phenomenon like this historically means for the real estate market, it's about what really happens to property values during an economic recession. Stocks recently had their worst week since 2023 barreling toward an all out bear market crash. A bear market means when 20% of the value has been lost from a recent high. Even Bitcoin, the poster child of speculative excess, has cratered. The carnage has been everywhere. But yet, instead of taking steps to prevent an economic meltdown, the administration in power, whether you like them or not, they have introduced more and more radical policies that could accelerate the crisis. Now, some of the tariffs could help long term, but the short term pain is perceptible, and you've got to be able to survive it. We've got new tariffs on multiple countries, and these are our biggest trading partners, even if these import taxes diminish, this is already strained friendships long term, especially with Canada. These countries keep retaliating with tariffs of their own, Canada, Mexico, China and the EU government spending is being slashed. Mass layoffs of federal employees have been underway for a while now. This is not just an economic experiment. I mean, this is a high stakes gamble with global consequences. So is this a detox period, or is it an economic freefall? Treasury Secretary Scott tebescent described this economic shift as a necessary detox period. That's the phrase that he used, and yes, I need to acknowledge there is no more grandma Yellen running the Treasury for long time, listeners, that is a reference to the long running joke about how my late grandmother resembled former Fed chief and former Treasury Secretary, Janet Yellen, but anyway, according to Besant, the US must break free from what he calls its addiction to government spending in return to private sector growth. Now, hey to me, that sounds good. Actually, that sounds like a good plan for the long term. But here's the problem, that addiction has been the lifeblood of the US economy for decades. And you know, this is something that regular GRE guest macroeconomist Richard Duncan has talked about when he's here. Remember what he's told us for over a decade here on the show, if the US doesn't have 2% real credit growth, credit expansion, well then we go into a recession. Well, what happens when the government cuts spending during soaring consumer prices due to trade wars? What happens when businesses hesitate to invest in the face of extreme uncertainty? Well, the bad news is that tariff whiplash and massive layoffs mean that businesses can't plan, and when businesses can't plan, they freeze. Look, just the other day, I talked to the President of a manufacturing company they make stainless steel tube valves and fittings. Due to all the tariff uncertainty, he's had to set up a reserve account based on what happens next, all right. Well, with that reserve account, that means that that's not money that's going into equipment reinvestment, that's not money that's going into making new hires. What happens when more confidence shatters and markets spiral lower? We may be about to find out. So has the recession, which is a precursor to any depression, already begun? Well, the warning signs are multiplying. Most ominously at last check, the respected Atlanta Fed tracker is now forecasting a more than 2% contraction in US GDP this quarter. That is quite a drawdown and two negative GDP quarters in a row. I mean, that is the definition of what a technical recession is. And here's a quick history piece for you in 1930 to try to quell the effects of the Great Depression, tariffs were passed. Alright. Do you know how badly that turned out back then in 1930 it was called the Smoot Holly Tariff Act. It raised tariffs to try to collect more revenue for the government. It didn't work, and the US sunk deeper into the Great Depression, with rampant unemployment and poverty and social unrest. There was a rise in crime, there were bank failures, even hunger and malnutrition. That's what a depression looks like, right there. Well, back to today. Right now, consumer confidence is collapsing. Retail Sales are plunging. The bond market is signaling distress, and yet those in power appear kind of oblivious to the magnitude of the risk. So what if it's not a transition and it is a start of something far worse? And see, this is just part of what's made investors raise their bets on a recession. Stocks are down like a global trade war has begun. Crypto has fallen like risk appetite has collapsed. Bond prices are rising like inflation is declining, and experts have priced in a 52% chance of a recession in the next 12 months. Okay, 52 that's like flipping a coin and just hoping that it lands on good news. Now in the real estate world, when we talk about direct threats from tariffs, as I've touched on before, the biggest direct threats are tariffs on lumber and on gypsum board. The lumber is used in house framing and trusses. Gypsum board, that just means drywall, the base case for tariffs on Canadian lumber alone, that adds about $10,000 to the cost of a new build typical single family home, which in turn jacks up all existing housing prices and their replacement cost. But let's look beyond that now at market factors. How is real estate adversely affected if the economy slows? Though historically. Let's look at how recessions really affect housing prices, and this is, again, as I like to say, where we take history over hunches. It's easy to have a hunch about what you think is going to happen, but let's look at what has really happened. How do real estate prices perform during recessions. When we look at the last eight recessions, okay? And the most current of those was in 2020, and then when we go back eight recessions ago, that is the 1960s Okay. Well, let me move along in chronological order here, during those eight recessions, starting in the 1960s leading up to today, housing prices, and this includes single family homes up to multifamily apartment buildings, they were just rounding to the nearest whole number here, up 5% there in The late 60s, in that recession, and then up 18% up 14% in the next recession, and then no change, down 1% and then up 6% and then down 13% that was during the 18 month recession, around 2008 and then finally, home prices were up 8% in the latest recession, alright. So in our total of eight recessions since the 1960s home prices only fell significantly one time, and they usually rise that one timethey fell. Let's explore that. That was during the 2008 global financial crisis, which involved more than just the recession. It was a deep recession, that's why it's called the Great Recession, but it also involved more than that. 2008 was special because that was a time of housing oversupply and low homeowner equity positions and a complete mortgage meltdown backed by flimsy liar loans. Well today we are in the opposite of all three of those conditions. We have a housing under supply. Americans have a record 300k plus in protective equity that they are not going to walk away from. And more.   Underwriting is stringent, the opposite of a liar loan. So housing prices usually rise in recessions, and if we're teetering on the brink of a recession, there are a lot of reasons to think that housing prices will go up yet again. And by the way, I felt what was happening back in 2008 I invested through it. I think I let you know before that, that's when I owned two four Plex buildings, 2008 but it didn't feel that bad to me, because my properties were temporarily suppressed in value, and that part didn't feel good, but my rents and rental demand went up because no banks would give loans to borrowers to buy properties, so I wouldn't want to sell when the buildings were paying me a higher than ever monthly income. But let's not lose the greater point what I'm telling you here that housing only fell significantly one time through the last eight recessions. That demonstrates the resilience of the housing market. And by the way, those stats were sourced by the NAR and the NB er National Bureau of Economic Research. All right, so why is this? Why is housing resilient in the face of a recession? There are a few reasons, but a main one is see, even if and when times get tough, people still need a place to live, and they will pay for it, especially now, when they have record equity, people are motivated to make mortgage payments and make rent payments, or else they are going to be homeless. So tough times when consumers they get less likely to pay for their car loan are less likely to pay for student loans, and when they default on credit card payments, that's when this stuff happens, but people will fight like heck to avoid losing their home. I mean, people will pay for food, shelter and safety. And also, when it comes to recessions, let's not forget how many bad just God, awful, wrong recession calls there were from over the past two to three years. I mean, the so called experts were wrong, wrong, wrong. Today, the economy is actually starting from a good place. And what do I mean here today, consumers still have money to spend, and they probably will. This is huge, because consumer spending is 70% of the economy, but how will they respond when these higher tariff induced prices hit more shelves at Walmart and Target? We'll see unemployment is still so low that it's practically down there doing squats. But you know these numbers, they're always backward looking, so it does only aim to get worse. The labor market is firm. Interest rates have been pretty steady. They've fallen a little. Energy prices are still down. So really, the bottom line with what I've shown you so far is that federal policies have induced economic trauma, and it does increase the chance of recession over the next 12 months. During recessions, housing is a top performer, and interest rates usually fall as well, and specifically interest rates of all types, including the Fed funds rate, mortgage rates, pretty much every interest rate type, they tend to fall in the mid and late stages of a recession. So this is what you can expect based on history, not hunches. But as for a depression, that is super unlikely. We haven't had one in 90 years, and today. I mean, come on, we have seen what the powers that be do. We can see how they respond to crises. They will just print and print and print more dollars to help pave over any problem. And that's not responsible long term, and it creates more inflation, but that's exactly what the government did to pull us out of the Great Recession and to pull us out of the COVID slowdown. We'll review what you've learned today in just a minute, but let me tell you, though you may very well have the majority of your capital smartly invested in real estate, since that's where the long term wealth creation is, those funds are not very liquid. So what about your liquid funds? Like I pointed out early in the show today, amidst higher inflation expectations, inflation really destroys those in the stock market, and it absolutely crushes savers. Savers really get destroyed, because if your bond yield or your savings account pays you 4% interest, and there's 5% inflation, that is a 125% hidden tax on your gain. And if that's the. Damaging enough there might be tax that you have to pay on that gain, which is not really a gain. This whole thing was a big loss.   So for some people, including me, what I do is become a lend. Lord, yes, I get a higher yield by lending to others a lend. Lord. I mean, why settle for just a, say, four and a half percent yield on your liquid funds? I mean, that's the level at both the 10 year bond and the savings account yield today, about four and a half percent. I've parked my own liquid funds for a steady 8% yield that I've been getting for years with a long time established real estate company. I make the loan to them, they have paid on time, every time, for that steady 8% return. And see, when you understand that directly investing in real estate pays five ways, and that a 20 to 30% total ROI, therefore is common and even expected. You can understand how they can pay you and me an 8% return on your liquid funds. You can see where the arbitrage is. Just a little insider tip here. It's called Freedom family investments. If you want to learn more, text family to 66 866. Their minimums are pretty low to 25k and you don't have to be accredited. So for steady 8% returns from the same place in the same vehicle where I've been getting my 8% you can just do it right now. What's on your mind? Text the word family to 66866.    Let's review what you've learned today, Americans have higher long term inflation expectations than they've had since 1993 a 1999 Taco Bell receipt really brings to light how much inflation you have experienced in your life. Though, higher inflation can come. Hyper inflation is unlikely. Let's not get carried away. The prospects for a recession are 52% in the next 12 months, per a plurality of experts, but a depression is really unlikely. Now you know how real estate performs in recessions and why it holds up so well it even tends to appreciate coming up here on the show are some prominent guests, including the leader of rezzy club. You might know about them. Sometimes I share their great charts in our newsletter. Yes, rezzy Club's Lance Lambert will be with us. Also, Legacy finance expert Laurel Langemeier will be here with us on another upcoming episode. Thanks for being here, but you weren't here for me. You were here for you. I'm Keith Weinhold. Don't quit your Daydream.   Dolf Deroos  37:53   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.   Keith Weinhold  38:16   You know, whenever you want the best written real estate and finance info. Oh, geez, today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long, my letter usually takes less than three minutes to read. And when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text. GRE to 6866 while it's on your mind, take a moment to do it right now. Text, GRE to 6866   The preceding program was brought to you by your home for wealth, building, get rich, education.com.    

Richard Doerflinger on the Dr. J Show, episode 275 https://youtu.be/W1CEN49YgGU “When young women go to college, they are instantly expected to fall into the hook-up culture," Richard Doerflinger says in Part 2 of this interview. "Their initial feeling is ‘I'm free. I'm liberated from all these restrictive norms. Nobody's watching. Sex is consequence-free.'” And yet, among these young women is more depression, anxiety, isolation, suicidal thoughts, and cutting “to know you're alive," he notes. "Then they can't figure out why they feel so miserable.” Watch part 1 here: https://youtu.be/RSUCTbkjOtM More about Richard Doerflinger: https://lozierinstitute.org/team-member/richard-doerflinger/ Chapters 00:00 The Impact of Contraception on Society 02:49 Consequences of the Contraceptive Mindset 05:49 Moral Norms and Their Importance 09:10 The Dangers of Relativism 11:56 The Role of Experience in Moral Decision Making 15:06 The Breakdown of Marriage and Family 18:14 The Need for Moral Absolutes 21:08 Reviving Natural Intuition 23:59 The Long-Term Effects of Individual Choices 26:55 The Importance of Sharing Experiences Transcript (Please note the transcript is auto-generated and contains errors) Richard Doerflinger (00:00) the social science part of it. What happens when people pass new, broader, more sweeping contraceptive programs? Do they reduce abortions? And I ended up doing a fact sheet with a couple of dozen references, concluding that they don't reduce abortions in a number of cases, they have increased abortions. The contraceptives have given people a false sense of security. made them more open to more casual sex and therefore opened them up to the possibility of a pregnancy that they don't know what to do about because they're the act that created that child was so anonymous and and so meaningless to them in a way. So it's a it was a big wake up call for me because even as a even as a social phenomenon. Contraception doesn't work. It certainly at reducing the number of abortions. And that's something that John Paul the second mentioned in his encyclical on the gospel of life as well. People think it's going to prevent it, but it can be very many times a road toward it. You had this technical thing that was supposed to prevent this. But as a backup to contraceptive failure, you have this other technical thing that will solve the problem you didn't think you were supposed to have. Dr. Jennifer Roback Morse (01:39) And you know, repair of a couple of economists, Janet Yellen and her husband, right? You know this article. Yes, yes. Richard Doerflinger (01:48) Let's sources, yeah. Dr. Jennifer Roback Morse (01:51) Basically, they were asking the question, how is it possible that in the age of contraception and abortion, both being readily available, that we have more out of wedlock childbearing than we ever did before? How is this possible? And they concluded pretty much what you just concluded, which is that the social is, contraception is the social cause. It's not a cause like smoking causes cancer, but it's a social cause in the sense that it sets a set of incentives into motion. which then the net result of the whole new system that you've created ends up with people having pregnancies that they feel socially are not sustainable, because you're the father of the child is your boss who's married to someone else. And you would never have done that if you didn't have contraception, you know, that type of thing or some schmuck you picked up at a bar, which you never would have done if you didn't feel protected. And so the woman has a choice of either aborting the baby or carrying it to term and being a single parent because there's no marriage isn't really practical. And then our friends in the crisis pregnancy center world, the pregnancy care center world, they are dealing with this issue all the time. And they would like to be able to tell the young ladies, should be, can you marry this guy? And oftentimes the answer is it would really, they couldn't in good conscience urge the girl to marry the guy. So there have been a whole series of consequences from the widespread promotion of sex that is not intended to be procreative, you know, if you can put it that way. Can you, from your perspective, Richard, spell out, you know, just kind of trace more of those consequences? What are some other things that have followed from the whole contraceptive ideology, the whole contraceptive mindset? What are some other… things that you've documented or observed. Richard Doerflinger (03:50) Well, one thing, and this was the subject of Anne Maloney's chapter in this book about, you the boys from the trenches. She's been teaching for many years at a women's college, Catholic women's college. And, you know, the female students, they come there, they're freed from their past social Dr. Jennifer Roback Morse (04:03) yes. Richard Doerflinger (04:20) environment from their parents and so on. And instantly you are expected to fall in with the hookup culture. their initial experience or their initial feeling is, I'm free, I'm liberated from all these restrictive norms and nobody's watching. And I'm a liberated woman. The sex is consequence free. Well, it's not consequence free because what she found in talking to these young ladies over decades really is more depression, more anxiety, more cutting, cutting yourself in the arm to know you're alive, more isolation, more abandonment, more suicidal thoughts. And they can't figure out why they feel so miserable. It's the saddest thing I've ever read. And as we as well, you know, where's where's the young man? Well, you know, it was one night. never talk to me again. This is a very destructive culture, destructive, especially to women, though I don't think it's it's good for men either. So it's something you can see writ large in social findings. My friend Helen Alvarez calls it the immistration of women. That means women are more miserable than ever before. And that shows up in social surveys. And I think it does make people ready for abortion. The other thing is that the ideology that started with contraception and then was used to create a Supreme Court judgment that there was a constitutional right not only to contraception but to abortion, I found has gotten used by later courts, by later judges, to justify the lethal neglect of handicapped newborn children to as a precedent for euthanasia and assisted suicide for elderly. And so the whole idea that life, innocent life, supposedly burdensome life or imperfect life has no great rights that can Trump, should stop using that word, shouldn't I, can override liberty, personal liberty. that has gotten into any number of other areas where life is at risk. So it's something that has been kind of poisoning society. This idea that you can have actions that are, you don't have any actions that are consequence free. And very often the consequences are bad consequences for the most helpless among us. Dr. Jennifer Roback Morse (07:45) And you know, I like the way you put that because the whole idea that there are some norms, some moral norms that have no exceptions, there's a reason for those things having no exceptions. And the underlying reason is that you're trying to protect the true equality of every human being and their right to life. know, so much of this has been done in the name of equality for women. Well, when they're talking about equality for women, they're talking about in terms of income or occupational stature, that kind of thing. There's no question that women make more money as individuals than they used to, or that women have more education than they used to. That's certainly true. And so men and women are more equal. But only in that dimension. The women are now more miserable than they were before. And the idea that every human person has a baseline of human rights, that gets completely shot. you know, that the woman has the sole right to determine whether this particular person even gets to live, you know. That idea is extremely corrosive. And it's one of these things, it's superficially appealing, but when you really dig down a little bit, you find there's all sorts of dark sides to it. And, you know, it seems like it's been the job of the faithful Catholic remnant to make sure that at least somebody digs down a little bit. to pass that superficial appeal of the thing. Richard Doerflinger (09:14) Yeah, it's a, it reminded me of something that was once written by one of my favorite priests that I ever met, Jesuit priest named John Connery SJ. And he had a steady debate going back and forth between him and Richard McCormick, who was one of the great consequentialist theologians in the United States in journals like Theological Studies. And he ended one of his articles about moral absolutes with a statement that I thought, well, it's so obvious that you're the first person that wrote anything that brought it home to me. And that was, look, it's when it's hard to obey a moral norm, that's when you need the moral absolute. You don't need moral absolutes for when it's easy. You only need it when it is when the temptation is greater to to violate it. And I don't know why they're just stuck in my mind as well. It's enormous common sense. But for some reason, there are people who think that that's not true. The. And the whole history of Catholic moral teaching has been to refine and sometimes to expand the application of its witness to life. You know, more and more of the church has turned against capital punishment as, you know, an unnecessarily violent means for trying to punish or stop crime. Our tradition on war has become more and more skeptical about the idea that you could ever have in practice today with all our technology, a just war, a limited war. And so here, when life is at its most helpless, we seem to be wanting to go in the opposite direction. And I would like to say to some of my liberal Catholic friends, do you really think that once you make this new paradigm where it's only your subjective Dr. Jennifer Roback Morse (11:20) Mm-hmm Richard Doerflinger (11:29) desires and your own experience that are going to make the moral norm for you. You don't think anybody's going to think of applying that to war. I don't see any reason why not. If it's a paradigm, it's a paradigm. It undermines all moral absolutes. So I think it's very, very important to that. Dr. Jennifer Roback Morse (11:45) Right And it undermines all moral absolutes, but it also places the weak in an even weaker position, right, because there's nothing to which they can appeal. The law of the strongest becomes much more potent in a relativistic type of system, and this is something Pope Benedict was, I think, referring to when he talked about the dictatorship of relativism. If you really don't have any standards, then you are going to end up with the law of the strongest, whether you mean to or not, whether you like it or not. that's where you're going to end up because you don't have any standard that everybody can appeal to. Richard Doerflinger (12:30) That's right. That's John Paul II as well in the Gospel of Life. When liberty, when freedom does not serve the truth, it's just a war of the strong against the weak. Dr. Jennifer Roback Morse (12:44) Right, right. And that's pretty much where we are. Richard Doerflinger (12:47) what we seem to be heading for. The other thing that just surprises me is that a lot of the Protestant denominations, and this has been noted by Mary Eberstadt and others, have taken this road toward a more subjectivist, more relativist morality, accepting the zeitgeist, the spirit of the age, in terms of sexuality, among other things. And those are the denominations that are dying. know, the Presbyterians, the Lutherans, the Episcopalians, at least some branches of them have decided we need to get with the spirit of the age so that people will find us credible. And instead, people found them dispensable. Dr. Jennifer Roback Morse (13:43) Yes. Richard Doerflinger (13:44) They were just saying the things that the secular society was already telling them and wrapping it around in some theology, but you don't need the theology if you've already got, you know, the answer to what you're allowed to do, which is pretty broad answer. So it's very frustrating to find that this, you know, sexual revolution, obviously, I mean, you have to just open your eyes had many, many casualties. And I don't know why that can be invisible to bishops, to theologians. The evidence is all there. again, know, Berenstead has been, and her contribution to this as well, and in yours, it's all there. Dr. Jennifer Roback Morse (14:36) That's right. Richard Doerflinger (14:37) Question about it, really. Dr. Jennifer Roback Morse (14:40) Well, I can tell you how this works, Richard. can tell you exactly how this works, because this is the kind of stuff I track, right? People selectively choose the evidence. And so the people who are talking about lived experience, they always have one kind of experience in mind, the experience of the hard case, whatever the hard case might be, the issue is abortion or the issue is end of life issues or homosexuality or whatever the issue is, it's always the hard case where it's hard to meet the norm, like you were saying before, but they never ever present the evidence, the lived experience of the people who violated the norm and then later regret it. And the whole list of reasons why people turn out to regret violating the norm. You know, it's like we're driving down the Pacific Coast Highway in California, which is a beautiful winding road, but we're driving down that highway with no guardrails. in a car that has no brakes. Well, when you go careening off the cliff, you kind of wish you had the brakes. You kind of wish somebody had said, danger, slow down, you know? But that's what the absolute moral norm can do for you, is it keeps you from the worst kind of catastrophe, but still give you lots and lots of freedom about how. So for example, you and your wife, I want to come back to your story, which by the way is the subject of his contribution here. That what you discover is when you say, okay, certain things are off limits. We're not going to use the rubbers anymore. We're not going to take the pills anymore. Okay, that's off limits. But within that, within the constraints we've now accepted for ourselves, we can do all sorts of things. We're very free if we stay in the playground, you know, and the playground is much safer than the free for all that includes cars coming through at 50 miles an hour. You know, can, the kids can't play in that kind of environment. And so, but the contraceptive ideology has broken down marriage precisely as Paul VI said it would do because if you have a strong marriage culture and you know you're supposed to be sexually exclusive, that means this ring says I'm off limits. I'm off limits to everybody, you know, and you're off limits to everybody because you got a ring on your finger. Richard Doerflinger (16:59) Even the guys who are trying to cheat on their wives and go to a bar to pick up a woman they don't know, they realize they need to take that ring off first. Dr. Jennifer Roback Morse (17:12) Yeah, that's right. No, that's very true. That's very true. Because there is still some residual moral norm around that you don't mess around with somebody's spouse. But contraception makes it seem like it will be OK, that we can get away with this. It's not as potentially catastrophic and stuff. And how many marriages are destroyed by infidelity? A lot. A lot are destroyed by infidelity, obviously. So yeah. Anyway, go ahead. Richard Doerflinger (17:44) I was just going say that, you when you're talking about the playground, it reminded me of something that I think GK Chesterton said about there was once a playground. It was on a sort of plateau, but it has this big strong fence all around, all around the playground. And kids would come and they would play. And sometimes they, you know, when running in a ball game, they'd actually bounce off the fence or something, you know, that everybody was having a good time. Everybody decided. Although their parents decided, well, this is very restrictive. We will take away the fence. The next day they came, the fence was down. The children arrived. They were all huddling together in the center and no one was laughing. And it reminded me also of there's a palliative care physician I used to work with on the issue of physician assisted suicide. said something very similar. said, because I know that deliberately ending the life of my patient is the one thing I must never do that freed me to do all of the ways to explore all the ways in which I can relieve his suffering and accompany him or her. Because I know that's where I don't go. Dr. Jennifer Roback Morse (19:09) Mm-hmm. Richard Doerflinger (19:10) So I think that's very true on all kinds of issues. You say this is what I will not do. What is it? Meet Lo, Fustasing. I'll do anything for love, but I won't do that. Those norms are there to free us for the ways in which we can live with each other and, yes, plan our families. and respect each other. I that was one of the other things that just I had to respect my wife's body and its natural cycles and so on. And that helped to undergird my respect for her, which, of course, every husband should have for his wife. And so it is a way of working with reality instead of trying to change reality to your whims. I think this is a much longer term debate or struggle than just, you know, changing laws or, you know, changing official documents. It really is about changing culture. It's about changing attitudes. I've done some writing in the past about this whole worldview of expressive individualism, that every one of us is just sort of a individual. Well, it's really, it's very Nietzschean, you know, it's the will to power. I express myself, I can create myself, making my identity by the way that I work out what I want to do. And that is so destructive on so many levels. And I think that the marriage culture, the idea of actually committing yourself to another person, that that is freeing. It frees you from all the consequences of uncommitted sex that so many women have had to experience. And it is also something that, there is also you were talking about, you know, there's a there's a moral norm built into us, you know, instinctually, a mother has the instinct of protecting her child. at every stage. We have been trying to suppress that over the recent decades of developments on this is what your individual freedom frees you or maybe requires you to do. I was very taken aback once I was reading a Catholic account of abortion. This is a priest who is responding to an essay by Anne Landers in favor of abortion. And he went through all kinds of rebuttals about the arguments in favor. And then he said, but to get back to the one thing, the essential thing, the only thing to abort is to destroy your son or daughter. And I have been working with the, you know, this is the taking of a human life or this is, you know, a form of killing and so on. And suddenly just those words took me aback. Well, of course it is. You're related. This is a member of your family. It already is a member of your family. Even if your family is only the two of you. And I think it has taken a lot of work for society to break down that very natural intuition. And there must be ways to revive it because it hasn't entirely disappeared. mean, many, many abortions are very broken up about it. Dr. Jennifer Roback Morse (23:01) Yes, yes. And many men are broken up by their wives or girlfriends' decisions to have an abortion. And even siblings. Every once in a while somebody will share with me, you know, Dr. Morse, my mom told me when I was a teenager, my mom told me that she had had an abortion, you know, at some point. And that guy said to me, my gosh, I have a sibling who died, you know. So even there, none of these things only affect the individual. This is the other big myth, you know. The person making the decision cannot foresee all the consequences if you, particularly if you expand the consequences beyond yourself. What impact will this have on the people around me, on my husband, on my boyfriend, on my other kids, you know? What are all those consequences? This has always been the argument against consequentialism. You know, no, I mean, it's one argument against consequentialism. You can't possibly know all the possible consequences. Richard Doerflinger (24:12) And there's no way to quantify one against the other because they're different projects. And the first consequence is on you. I you have just made yourself the kind of person who does this. And I mean, there's certainly opportunity for repenting of that, for turning your life around again. But the first consequence is on your own conscience. There are people who, you this was the first time they realized they were capable of doing this thing that they didn't think they would ever do. And that changes your life. it's, yeah, consequentialism is, it's a very one dimensional way of talking about one very small subset of all the consequences that we create when we have a human act, a moral act. Dr. Jennifer Roback Morse (25:10) Yes, yes. And I'm glad you're calling it expressive individualism, because one of the… I almost think of it as a trick. You know, one of the tricks that is done to make you think this act is okay is that you greatly redefine what counts as a consequence. You know, so when you see people expressing themselves by deciding they were really born in the wrong body, and they're going to change the sex of the body, and they're going to leave their wife and their children to go live as a woman… You know, that person's thinking about the consequences to themselves. They're not thinking about the long-term impact on the wife and the children. Somehow that doesn't enter the calculation. It doesn't enter as a harm, you know? And that's how a lot of this stuff is done. That's the trick, I would call it the trick. And one of the things that we try to do here at the Ruth Institute is to make sure those people get a microphone, you know, that the people who've been left behind have an opportunity to say, you know, my dad did this and it was awful. My mom did this and it was awful for us, you know, all of those type of things to broaden that discussion so that people understand your actions do have far reaching consequences, not just to you today, but to generations down the line. You're gonna be having consequences, the consequences of these acts. So we have our work cut out for us in this volume, us little, our intrepid people who are trying to fight against consequentialism in the Roman Catholic Church. where it doesn't belong, okay people, it does not belong in the Roman Catholic Church. The rest of you maybe have an excuse, but no, we're not gonna accept this. So in your opinion, who should read this book? Who should get this book? Who should have it on their shelf? Richard Doerflinger (26:55) You know, I think it would be a very handy guide for pastors who, you know, deal with people coming to them with questions regarding sexuality and so on. know, people will not necessarily always listen to, well, that this is immoral in the teaching of the Catholic Church. They might listen to, well, I mean, what you're doing or what you want to do. has really done a lot of harm to a lot of women and a lot of men. And here's some experience. I mean, if people will listen to experience, this book has got those. I think people who are teaching moral theology or are teaching marriage preparation or RCIA, Pre-Kena programs, can look at this and get some insights that will help them to talk in a very down to earth way about sexual ethics. I mean, I have a vested interest, I would, you know, I hope everybody reads this book, of course, but I think especially in those consequences, you know, in those situations, it could be an extremely helpful guide for where to go when just saying no is not enough. Dr. Jennifer Roback Morse (28:19) Right, right. And do you think people would respond well if they received this book as a gift from someone else? I wonder if some of our viewers might want send it to their pastor, might want to send it to their moral theologian professor or something like that. I don't know. Maybe people don't respond well to that. But maybe they do. Maybe. I don't know. What do you think, Rich? Should people try that? Richard Doerflinger (28:46) It couldn't hurt. The one person I know I should not send it to. I was talking to one of our grown daughters the other day and said, you know, Maria, I just finished, you know, I got a chapter in a recently published book. We were talking about, you know, moms and my married life in our checkered history with family planning. You want to read it? She said, God, no. Dr. Jennifer Roback Morse (29:15) That's it. Richard Doerflinger (29:18) So, you know, your kids don't want to. Dr. Jennifer Roback Morse (29:20) Send it to her. Duly noted, Richard. We will not send it to your daughter. Richard Doerflinger (29:26) But I hope other people will be sort of interested in what we learned from our experience. Dr. Jennifer Roback Morse (29:33) Yes. And the strategic significance of this book, just to reiterate something that Rich and I started at and have been kind of hinting around about, is that lived experience is the terminology that people use to defend consequentialism. Lived experience can trump those moral norms. And we want to say that it's actually the lived experience of people who violate those norms that should tell us that the norms are very valuable to us. and that the norms are worth defending and the norms are worth keeping. Richard Dorflinger, thank you so much for being my guest on today's episode of the Dr. J Show. This has been very interesting, very, very helpful. Are you still writing and working in this series or do you have a website or something like that where people can keep up with you? Richard Doerflinger (30:25) I don't have a website. mean, if you were to do an internet search in my name, some of my work would come up. Also, some nasty articles about me from people who didn't appreciate what I was doing in Congress. my wife is asking me once in a while when I'm going to retire from my retirement. I continue to do writing and speaking. giving a talk at Notre Dame next week, part of their fall conference on the Catholic imagination, which is interesting, is they wanted me to apply the idea of the Catholic imagination, the Catholic worldview and how it looks at reality as having deeper levels than other accounts recognized and apply it to some of these issues like abortion. so So it's mainly, a lot of the speakers are gonna be novelists, poets and so on, but I get to take that idea and apply it to what I work on usually. And it's been an interesting exercise to figure out what I'm gonna say. I haven't figured out all of it yet. Dr. Jennifer Roback Morse (31:44) Well, Richard Darflinger, it has been a lot of fun talking with you about these issues, these very serious and important issues, but we have had a little bit of fun while we're doing it. I do hope that people will take this volume seriously. I do hope that people will use these thoughts to interpret what you see coming out of Rome from time to time and help you understand what some of these debates are in Catholic moral theology. Your contribution here, Richard, has been really a big help to me and I'm sure to many of the viewers of the Ruth Institute. So I want to thank you so much for being my guest on today's episode of The Dr. J Show. Have a question or a comment? Leave it in the comments, and we'll get back to you! Subscribe to our YouTube playlist:  @RuthInstitute   Follow us on Social Media: https://www.instagram.com/theruthinstitute https://twitter.com/RuthInstitute https://www.facebook.com/TheRuthInstitute https://theruthinstitute.locals.com/newsfeed Press: NC Register: https://www.ncregister.com/author/jennifer-roback-morse Catholic Answers: https://www.catholic.com/profile/jennifer-roback-morse The Stream: https://stream.org/author/jennifer-roback-morse/ Crisis Magazine: https://crisismagazine.com/author/jennifer-roeback-morse Father Sullins' Reports on Clergy Sexual Abuse: https://ruthinstitute.org/resource-centers/father-sullins-research/ Buy Dr. Morse's Books: The Sexual State: https://ruthinstitute.org/product/the-sexual-state-2/ Love and Economics: https://ruthinstitute.org/product/love-and-economics-it-takes-a-family-to-raise-a-village/ Smart Sex: https://ruthinstitute.org/product/smart-sex-finding-life-long-love-in-a-hook-up-world/ 101 Tips for a Happier Marriage: https://ruthinstitute.org/product/101-tips-for-a-happier-marriage/ 101 Tips for Marrying the Right Person: https://ruthinstitute.org/product/101-tips-for-marrying-the-right-person/ Listen to our podcast:  Apple Podcasts - https://podcasts.apple.com/us/podcast/the-ruth-institute-podcast/id309797947 Spotify - https://open.spotify.com/show/1t7mWLRHjrCqNjsbH7zXv1 Subscribe to our newsletter to get this amazing report: Refute the Top 5 Gay Myths https://ruthinstitute.org/refute-the-top-five-myths/ Get the full interview by joining us for exclusive, uncensored content on Locals: https://theruthinstitute.locals.com/support

Tom Bodrovics welcomes back Doomberg, head writer for the Doomberg Substack, to discuss a range of topics including Trump's presidency, national debt challenges, energy policy, and global geopolitical dynamics. Doomberg begins by analyzing Donald Trump's first 58 days in office, highlighting his whirlwind pace of executive actions. He notes that Trump is fulfilling many promises but acknowledges the limitations of relying on executive orders, which can be undone by future administrations. Doomberg expresses concern about the long-term effects of policy whiplash on industries with lengthy planning cycles, emphasizing the importance of predictable governance for capital investment. The conversation shifts to the national debt and Treasury Secretary Scott Bessent's challenges in refinancing $6.7 trillion of maturing debt. Doomberg criticizes Janet Yellen's management of the debt maturity curve, comparing it to practices seen in emerging markets before crises. He suggests that Trump's team is navigating a delicate fiscal situation, potentially leading to a short but deep recession to reset the economy ahead of midterm elections. Doomberg explores unconventional strategies like creating a crypto reserve or revaluing U.S. gold holdings to alleviate debt pressures. He also discusses the potential for tax reforms and spending cuts. The Doom Bird discusses energy policy under Secretary Chris Wright, praising his business acumen and alignment with pro-energy industry stances. The Lifting of LNG export restrictions and the expected surge in energy production could position Trump's administration as friendly to business despite the risks of policy volatility. Doomberg also examines global trade dynamics, particularly U.S. - Canada relations under Mark Carney's leadership and potential tariffs as a revenue source. The discussion extends to geopolitical tensions, including Trump's approach to Ukraine, NATO, and potential conflicts with Iran. Doomberg questions the feasibility of military interventions and suggests that economic leverage, such as energy supplies, might play a more significant role in resolving conflicts than direct confrontation. Time Stamp References:0:00 - Introduction0:55 - Trump Accomplishments?4:30 - Yellen & Debt Servicing7:28 - Debt Solutions/Crypto?11:55 - Gold Revaluation?14:14 - Tariffs, DOGE, & Tax Changes23:04 - Energy Policy Changes27:08 - Tariff Revenue?29:19 - Trade Wars & Canada34:37 - Carney Conspiracy38:29 - Ukraine Thinking43:04 - Dismantling NATO45:26 - E.U. Energy & Military50:06 - Military Might51:34 - Iran Considerations53:42 - BRICS Path Forward?57:13 - Competing Ideas & Truth1:02:53 - Content Treadmill1:07:27 - Wrap Up Guest Links:X: https://x.com/DoombergTWebsite: https://doomberg.substack.com Doomberg is the anonymous publishing arm of a bespoke consulting firm providing advisory services to family offices and c-suite executives. Its principals apply their decades of experience across heavy industry, private equity, and finance to deliver innovative thinking and clarity to complex problems.

The American economy is growing, and, in many ways, it's looking a lot like the 1990s. Upward trends in productivity growth and employment paired with downward trends in inflation are cause for optimism. The question is whether we will maintain this trajectory or be derailed by this emerging era of uncertainty.Today on Faster, Please! — The Podcast, I talk with Skanda Amarnath about trade policy, fiscal and monetary policy, AI advancement, demographic trends, and how all of this bodes for the US economy.Amarnath is the Executive Director of Employ America, a macroeconomic policy research and advocacy organization. He was previously vice president at MKP Capital Management, as well as an analyst at the Federal Reserve Bank of New York.In This Episode* The boomy '90s (1:24)* Drivers of growth (7:24)* The boomy '20s? (11:38)* Full employment and the Fed (22:03)* Demographics in the data (25:37)* Policies for productivity (27:55)Below is a lightly edited transcript of our conversation. The boomy '90s (1:24)The '90s stand out as a high productivity growth, low inflation, high employment economy, especially if we look at the years 1996 to the year 2000.Pethokoukis: What got me really excited about all the great work that Employ America puts out was one particular report that I think came out late last year called “The Dream of the 90's is Alive in 2024,” and hopefully it's still alive in 2025. By '90s of course you mean the 1990s.Let me start off by asking you: What was so awesome about the 1990s that it is worth writing about a dream of its return?Amarnath: The 1990s — if you're a macroeconomist, at least — had pitch-perfect conditions. Employment was reasonably high, we achieved the highest levels of prime-age employment relative to the population. We had low and declining inflation, and that variable that we use to say, this is the driver of welfare over time, productivity outcomes, the amount of output we can spin up from finite inputs, was also growing at a very strong rate, and one that we haven't really seen replicated since or really in the decades before.The '90s stand out as a high productivity growth, low inflation, high employment economy, especially if we look at the years 1996 to the year 2000. We'd had high productivity maybe even afterwards . . . but that was also a period where a lot of that productivity was gained from the recession. When employment falls really quickly, productivity can go up for illusory reasons, but it's really that '90s sweet spot where everything was kind of moving in the right direction.Obviously, over the last several years, we've seen a lot of those different challenges flare up, whether it was employment during Covid, but then also inflation over the last few years. So . . . a model to build towards, in some ways.Some of us — not me, and I don't think you — remember the very boomy immediate post-war decades. Probably many more of us remember the go-go 1990s. One thing I always find interesting is how gloomy people were in those years right before the takeoff, which is a wonderful contrarian indicator that we had this period [when] we appeared to have won the Cold War but we had a nasty recession early in the decade, kind of a choppy recovery, and there was plenty of gloom that the days of fast growth were over. And just as we sort of reached the nadir in our attitudes, boy, things took off. So maybe that's a good omen for right nowIf we're a contrarian, and if the past can be present, maybe that is a positive indicator to consider. In some ways, it's a bit surprising how much you hear the talk about growth [being] stuck in a very low-growth environment. Over the last two years, we have seen above-trend real GDP growth, above-trend productivity growth. We're going to get some productivity data revisions tomorrow. Again, this measure of productivity is output per hour, so it's basically, to a first approximation, real GDP divided by hours worked. We've seen that the labor market has, largely speaking, held itself up over the last few years, and yet, at the same time, real output has accelerated.So that's at least something that suggests better things are possible. It's a sign that productivity can accelerate, and with the benefit of revisions tomorrow, we are likely to see at least . . . I'd say if you take a fair reading of the pre-pandemic trend on productivity growth, so five to 15 years, maybe you want to include the financial crisis and what happened before, maybe you don't, but you end up with something like 1.4 percent is what we were seeing. 1.4, maybe 1.45, that's a pretty generous view of pre-pandemic productivity growth.I would like to do better than that going forward.I would too. And since 2019 Q4, with the benefit of data revisions, until now, we're likely to see something like 1.9 percent — 50 basis points higher, 0.5 percent higher, we could ideally like to do even better than that. But it's 0.5 percent better over a five-year horizon in which whatever labor market weirdness spanned Covid, we've largely recovered from that. Obviously, there are a lot of different things that have changed between now and five years ago, but at least the data distortion issues should hopefully have been filtered out at this point. And yet, we probably are posting much better real output outcomes.So through a lot of this turbulence, through a lot of the dynamism that's kind of transpired over the last few years, especially in terms of business formation activity, there was a high labor turnover environment in '21 and '22. That churn has come down in more recent quarters, but we have seen better productivity outcomes.Now, can they sustain? There's a lot of things that probably go into that. There are some new potential risks and shocks on the horizon, but at least it tells you better things are possible in a way that if — I'm sure you've had these discussions throughout the previous decade, in the 2010s, when people made a lot of claims about why productivity growth was destined to be stuck, that we were either not innovating enough, or we were not able to capture that into GDP, or else there are just some secular reasons, and so I think it's an instructive moment. If people are actually looking at the data, the last two years, real output and productivity growth has been very impressive, objectively. And it's not just about, “Hey, we're reverting to the pre-pandemic trend and nothing more.” I think there are signs that this is something at least a little different from what an honest forecast pre-pandemic would've suggested.Drivers of growth (7:24)The three-legged stool is one where you want have a labor market that's strong, fixed investment that's growing (ideally faster than usual), and on the third leg it's the set of things that you can do to control really salient costs that everyone's paying.Let's talk about those signs, but first let's take a quick step back. When you look at what drove growth, and productivity growth, specifically, in the '90s, give me the factors that drove growth and then why those factors give us lessons for policymaking today.I think there are three drivers I can point to that are a little bit independent of each other.One is we had — I don't want to say a tight labor market, but especially a fully employed labor market is helpful in so far as, and we see this now over multiple episodes, especially when you're at high levels of prime-age employment, that's typically a point when there's a lot of human capital that's accumulated. People who have been employed for a while, they've been trained up, there's a little more returns to scale, they can scale revenue, they can scale output better. You don't need to add an additional worker to add additional unit of GDP.In the more tangible sense, it's that people are trained up, they have more tangible experience, productive experience. You're able to see output gains without necessarily having to add hours worked. We generally saw over the late ‘90s: Hours worked slowed down, but real GDP growth held up very well.The labor market wasn't contracting by any stretch, it was just, largely speaking, finding an equilibrium in which employment levels were high, job growth was solid if not always spectacular, but we were still seeing that real GDP growth could still be scaled up in a lot of ways. So there is a labor market dynamic to this.There is a fixed investment dynamic. Fixed investment growth is very strong in the late '90s. That was about information processing equipment, IT, software. We did telecommunications deregulation in 1996, which is meant to really expand and accelerate the rollout of things. That became the fiber boom. We saw a lot of construction that went into those sectors, and so we saw it really touch construction, we saw it touch equipment, and we also saw it effect intellectual property.An investment to prevent the millennium bug?There was probably a lot of overinvestment that also was born of some of that deregulation, but at least in terms of it adding to our welfare, making it easier for us to use the internet and the long-term benefits of that, a lot of that was built in the late '90s. You could probably point to some stuff in policy, obviously interacting with technology that was very favorable.The third thing I would say is also probably underrated is inflation fell over that whole period. While some of that inflation falling would've been some fortuitous dynamics, especially in the late '90s around food and energy prices falling, the Asian financial crisis, there were also things that were very important for creating space for the consumer to spend more. Things like HMOs. Healthcare inflation really fell throughout the '90s.Now, HMOs became more unpopular for a lot of reasons. These health management organizations were meant to control costs and did a pretty good job of it. This is something that Janet Yellen actually wrote about a long time ago, talking about the '90s and how the healthcare dynamic was very underrated. In the 2000s, healthcare inflation really picked up again and a lot of the cost-control measures in the private sector were less effective, but you could see evidence that that was also creating space in terms of price stability, the ability for the consumer to spend more on other types of goods and services. That also allows for both more demand to be available but also for it to be supplied.I think with all these stories there's a demand- and a supply-side aspect to them. I think you kind of need both for it to be successful. The three-legged stool is one where you want have a labor market that's strong, fixed investment that's growing (ideally faster than usual), and on the third leg it's the set of things that you can do to control really salient costs that everyone's paying. Like healthcare, obviously there's a lot of cost bloat, and thinking about ways to really curb expenditure without curbing quality or real consumption itself, but there's obviously a lot of room for reforms in that area.The boomy '20s? (11:38)Right now, you have still an increasing number of people who have had meaningful work experience over the last one, two, three, years. That human capital should accumulate and be more relevant for GDP growth going forward . . .So you've identified what, in your view, is a very successful mix of these very critical factors. So if you want to be bullish about the rest of this decade, which of those factors — maybe all of them — are at play right now? Or maybe none of them!Right now, the labor market is still holding up rather well. While we may not be seeing quite the level of labor market dynamism we saw earlier in this expansion, at the same time, that was also a period of great turbulence and high inflation. Right now, you have still an increasing number of people who have had meaningful work experience over the last one, two, three, years. That human capital should accumulate and be more relevant for GDP growth going forward, assuming we don't have a recession in the next year or two or whatever.If we do, I think it obviously would mean a lot of people are probably likely to not be as employed, and if that's the case, their marketable and productive skills may atrophy and depreciate. That's the risk there, but, all things considered, right now, non-farm payroll growth has been roughly speaking 160,000 per month. Employment rates adjusted for demographics are a little higher than they were before the pandemic. It's pretty historically high. That's not a bad outcome to start with and those initial conditions should hopefully bode well for the labor market's contribution to productivity growth.The challenge is in terms of real GDP growth. It's also a function of a lot of other factors: What are we going to see in terms of cost stability? I would generally say there's obviously a lot of turbulence right now, but what's going to happen to a lot of these key costs? On one hand, commodity prices should hopefully be stable, there's a lot of signs of, let's say, OPEC increasing production.On the other hand, we have also things about tariffs that are pretty significant threats on the table and I think you could also be equally concerned about how much this could matter. We've already had a bigger run-through of this with a lot of this supply chain turbulence, pandemic error stimulus, and how that stuff interacted. That was quite turbulent. Even if tariffs aren't quite as turbulent as that, it could still be something that detracted from productivity growth.We saw, actually, in the first two quarters of 2022 when inflation exploded, there were a compounding number of shocks on the supply side with the demand side that it did have a depressing effect on productivity in the short run. And so you can think if we see things on the cost side blow out, it will also restrict output. If you have to mark up the price of a lot of things to reflect different costs and risks, it's going to have some output-throttling effect, and a productivity-throttling effect. That's one side of things to be concerned about.And then the other side of it, in terms of fixed investment, I think there's a lot of reasons for optimism on fixed investment. If we just took the start of the year, there's clearly a lot of investment tied to the artificial intelligence boom: Data centers, all of the expenditures on software that should change, expenditures on hardware that should be upgraded, and there's a whole set of industrial infrastructure that's also tied to this where you should see capital deepening really emerge. You should see that there should be more room to scale up in capital formation relative to labor. You can probably point to some pockets of it right now, but it hadn't shown up in the GDP data yet. That was the optimistic case coming into this year and I think it's still there. The challenge is there's now other headwinds.The tariffs make me less optimistic. I really worry about the uncertainty freezing business investment and hiring, for that matter.I share your sentiment there. I think we learned in 2018 and -19, there were tariffs being implemented but on much smaller scale and scope, and even those had a pretty meaningful or identifiable impact on the manufacturing sector, leave aside even the other sectors that use manufactured inputs from imports or otherwise. So these are going to be likely headwinds if you're any kind of company that exports at any point in time to something across borders, you have to now incorporate higher costs, more uncertainty. We don't know how long this is supposed to stick. Are you supposed to assume this is going to be a transition period, as Treasury Secretary Bessent said, or is this something that is just like a little negotiation tactic, you get a win and then we move on?I don't think anyone's quite sure how this is supposed to play out and I worry both for the manufacturing sector itself because, contrary to the popular conception of it, we still export a lot of things. We still export, and the most competitive industries are exporting industries, and so that's a concern for whether you're a manufacturing construction machinery, you're Caterpillar, or if you're agricultural machinery and you're John Deere, you have to start to think about this stuff more and the risk that's attached to it. The hurdle rates to investment go up, not down.And on the other side of the ledger then we have, or at least in terms of the sectors that use manufactured inputs. Transformers are really important for building out the energy infrastructure if we're going to have load growth that's driven by AI or whatever else, we're kind of entering more uncertainty on that side as well, and not really clear what the full strategy is. It strikes me as going to be very challenging.And then on the monetary policy [side], and this is the difference, you had in the '90s a Federal Reserve which seems to have defeated the Great Inflation Monster of the 1970s while the Fed today is battling inflation.What do you make of that as far as setting the stage for a productivity boom, a Fed which is quite active and still quite concerned about that inflation surge and perhaps tariffs further playing into it going forward?I think the Fed's stuck in a hard spot here. If you think about a trade shock as likely being some mix of — well, it could be output throttling. Maybe the output throttling and the effects in the labor market are more outsized than the inflation effects? That was what we saw in 2018 and 19, but it's not a given that that's going to be the case this time. The scale of the threats are much bigger and much wider, and especially coming through a period now where there's higher inflation, maybe there's more willingness to raise prices in response to these shocks. So these things are a little different.The Fed has basically said, “We don't know exactly how this is going to play out and we're going to need to watch the data, keep an open mind, be pretty risk-averse about how we're going to adjust interest rate policy.” We've seen evidence of inflation expectations going up. That will not give the Fed a lot of confidence about cutting interest rates in the absence of other things getting worse. What the Fed's supposed to do in response to supply shock is almost a philosophical question because you obviously don't want to break things if there's really just a supply shock that is a one-off that you can see through, but if it starts to have longer term consequences, create bigger pain points in terms of inflation, it's just a tough spot.When I try to square the circle here — and this will be no surprise to the listeners — I can't help but thinking, boy, it would be really fantastic if all the most techno-optimist dreams about AI came true, and this is not just an important technology, but an unbelievably important technology that diffuses through the economy in record time. That would be a wonderful factor to add into that mix.If there are ways for that to be a bigger tailwind — and there could be, I wouldn't be too pessimistic about how that could filter through even the GDP data amidst a lot of these trade policy headwinds, we're expected to see a lot grand buildout of data centers, for example. There's an energy infrastructure layer to that.But even beyond the investment side, actually being used, improving total factor productivity. Super hard to predict, and no one wants to do a budget forecast under the assumption we're going to be doubling a productivity growth, but it would be nice to have.Sure would. I will say about one of the things on the inflation side, especially with the Fed, we've come through a period now where the Fed has kept restrictive interest rate policies, but only more recently have we seen a little bit more of that show up in financial markets, for example. So the stock market over the last two years has ran up quite a bit, historically, and only now we've seen some signs of maybe some pricing of risk and some of the issues around the Fed.Inflation data itself coming into this year, relative to the Fed's target on the Fed's gauges, it was right now about 2.6, 2.7 percent. Most of that reflects a lot of lags of the past, I would say. If you look through the details, you see a lot of it in how inflation is measured for housing rent. How inflation is measured for financial services really tracks the stock market, and then there's obviously some other idiosyncratic stuff around where they're using wages as the measure of prices in PCE, which is the Fed's inflation gauge. If you take that stuff out, we still have a little bit of inflation work to do in terms of getting inflation down, but it would sound pretty manageable. If I told you, actually, if you take away those lags, you probably get some only 2.2 percent, that seems like we're almost there.Let's take away a little more, then we get to two percent. We can just keep cutting things outAnd there would probably be conditions for a lot. But if we can give the benefit of the time and do no harm, there's probably a positive story to be told. The challenge is, we may not be doing no harm here. There may be new things that rear up, to your point. If you start just deducting stuff just because you think it lags, but you don't think about forward-looking risks, which there are, then you start to get into a more challenged view of how things improve on the inflation side.I think that's a big dilemma for the Fed, which is, they have to be forward-looking. They can't just say, well, this stuff is lagging, we can ignore it. That doesn't cash when you have forward-looking risks, but if we do see that maybe some of these trade policy risks go away, if there's a change of heart, a change of mind, I think you can possibly tell yourself a more positive story about how maybe interest rates can come down a bit more and financial conditions can be more supportive of investment over time. So I think that that is the optimistic case there.Full employment and the Fed (22:03)Taking people away from their job and then trying to just bring them back in several years later, don't expect the productivity dividends to be quite the same.For someone who cares about full employment, how would you rate the Fed's performance after the global financial crisis? Too tight?It was too tight and also it was an environment in which the Fed, at various points from 2010, maybe 2009, through to 2015, they were very eager to try and get interest rates up before the economy was giving their hard signal that it was time to raise interest rates. Inflation hadn't really reared its head, nor had we seen evidence of really strong labor markets. We were seeing a recovery that was very gentle, and slow, and maybe we were slowly getting out of it, but it was a slow grind. GDP growth was not particularly stellar over that period. That's pretty disappointing, right? We don't want do that again. Obviously, there are things like maybe fiscal policy could have been done differently, as well as monetary policy on some level, but I think the Fed was very eager to get off of zero to the point where they weren't looking at the data, just didn't like the fact they were at zero.Coming out of it, now it's like that recovery is a lot of wasted output. We lost a lot of output out of that. We lost a lot of employment out of that. It's kind of just a big economic waste. Obviously, this past recovery has been very different and Covid was a different type of shock relative to the global financial crisis.The thing that worries me is actually, when we start to look at the global financial crisis and we look at, say, even the recession from the dot com boom, or even the recession, to your point, in the early '90s, prime-age employment rates took a long time to recover and it's not ideal from a productivity perspective that you want to have people out of the labor force for long periods of time, people out of employment for an extended number of years —Also not good for social cohesion.The social fabric, yeah. There's a lot of stuff it's not great for. We don't want hysteresis of that kind. We don't want to have people who are, “Oh, because I lost my job, I'm not going to be able to get a new job in the foreseeable future.” A lot of skills, general intangible knowledge, that's kind of part of how people become more productive and how firms become more productive. You want that stuff to keep going on some level. That's also probably why even Covid was very turbulent. It's a lot of things that we kind of have in motion, we just switched it off and then switched it back on. Even that over a short horizon can be very disruptive. There was a reason, on some level, to do it, but it is also something to learn from: Taking people away from their job and then trying to just bring them back in several years later, don't expect the productivity dividends to be quite the same.So I look at those three recessions at least to say, if we're going to have slow recoveries out of those, it's going to cause problems. So it's a balance of Fed and fiscal policy, I'd say, because there are certain things — there was a 2001, -2, -3, there were attempts to lower taxes at the same time. That actually may have been the key catalyst, more so than the Fed cutting rates, but when you think about how the Fed is sometimes antsy to get off of low rates when the economy is depressed, that's not great. Right now the Fed has a very different set of trade-offs. Thankfully, on some level, for full employment especially, [we're] not in that world, we're now more trying to defend full employment, protect full employment, ideally not have a recession now, would be great.Demographics in the data (25:37)When you see how population growth has a twofold dynamic, we typically see in periods of high population growth are the periods also where you tend to see both strong investment but also inflation risk.I would love to avoid that. That's the last thing we need.I have two questions: One, how much do demographics, and there's been a lot of talk about falling fertility rates, is that something you think about much?I think demographics play a lot of tricks on the data itself. When you see how population growth has a twofold dynamic, we typically see in periods of high population growth are the periods also where you tend to see both strong investment but also inflation risk. Obviously, when you know that there's a bigger base of people who you can sell your goods and services to, you might be more inclined to go forward with a longer-dated investment with some confidence that there will be growth to validate it. On the other hand, it's also because there's more spending that's happening in the economy, that's higher growth, there might be more inflation risk.I think that those background conditions then filter in various ways. You can kind of see how Japan and Europe have, generally speaking, at least maybe prior to this pandemic-era episode of inflation, are seeing lower inflation rates, lower growth rates, though, too. So lower real growth, lower inflation, real per capita outcomes are always hard to square in terms of Japan's population is declining, but also Japan's real GDP, is it declining as much more or less? These things are very hard to identify going forward.I think it's going to just muddy a lot of different math as far as what counts as strong investment. We've gotten used to a world of non-farm payroll growth every month in the job report. If it's like 150,000 to 200,000, that's pretty solid and great. Do we need to change our expectations to it being a 100,000 is good enough because we're not actually expanding the working age population as much? Those things are going to have an effect on the macroeconomic data and how we evaluate it in real time. Even just this year, because for some people's assessments of what counts as strong payroll growth, there was a sense that payroll employment was strong in '23 and '24 because of immigration. I'm a little bit more skeptical than most of those claims, but if it's true, which I think it's still possibly true, that it's then the case right now if we do see less immigration, is that the breakeven, the place where what counts as healthy employment growth might be a lot lower because of it.Policies for productivity (27:55)Healthcare cost growth and managing it will be important both in terms of what people see in the budgetary outcomes, but also inflation outcomes.My last question for you, I'll give you a choice of what to answer. If you were to recommend a pro-productivity piece of public policy, either give me your favorite one or the least-obvious one that you would recommend.Right now, I'd say the things that worry the most in productivity, and it's on the table, is the trade policy. This stuff has adverse impacts on prices and investment, and it may have impacts on employment, too, over time, if they stick. We're talking about really high, sizable numbers here, in terms of what's threatened now. Maybe it's all bark and no bite, but I would say this is what's on the table right now. I don't know what else is on the table at the very moment, but I'd say that's a place where you have to wonder what's the merits of any of this stuff, and I think I'm not seeing it.I am more intellectually flexible than most about where sometimes some very specific, targeted, narrow trade barriers have a lot of sense in them, either because solving a particular externalities, over-capacity kind of problem that might exist. There are some intellectualized reasons you can offer if it's narrow and targeted. If you're doing stuff at a really broad-based level, the way it's currently being evaluated, then I have to ask, what are we doing here? I am not sure this is good for investment, and investment is also part of how we are able to unlock a lot of general corporate technologies, able to actually see total factor productivity growth and increase over time. So I worry about that. That's top of mind.Things that are kind of underrated that I think is really important over time, that'll probably be also important, both for people who are thinking about efficiency, thinking about where there's room for public policy to support productivity growth, I'd say healthcare is a really prominent place right now. Healthcare cost growth and managing it will be important both in terms of what people see in the budgetary outcomes, but also inflation outcomes. There's just a lot of expenditures there where there's not a lot of incentive for rationalization that needs to be brought. And there's a way to do it equitably. There's a lot of low-hanging fruit out there in terms of ways we can reform the healthcare system. Site neutral payments, being one easy example to point to.The federal government itself and private insurers, both of them, though, in terms of paying for healthcare, how they pay for healthcare and actually ensure cost control in that process, if we're able to do that well, I think the space for productivity is pretty underrated and could be quite sizable. That's also, I'd say, an underrated reason why the 2000s became far less productive. Healthcare services inflation, healthcare cost growth really exploded over that period, and we did not get a good handle on it, and we kind exited the '90s productivity boom phase. It was more obvious towards the latter half of the 2000s as a result.On sale everywhere The Conservative Futurist: How To Create the Sci-Fi World We Were PromisedMicro ReadsFaster, Please! is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. 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March 10, 2025Have you had your dose of The Daily MoJo today? "Ep 031025 - Following The Gold  - The Daily MoJo"The WNBA faces challenges from a rival league and contract issues, alongside time management and mental health concerns. Technical difficulties arise with devices and 3D printer setups. Discussions include a potential WNBA strike, engraving requests for personal gifts, and commentary on Janet Yellen's credibility. Legal debates on immigration and government waste are highlighted, along with media portrayal and First Amendment rights. The impact of the Supreme Court's rulings on press freedom is also examined.Phil Bell's Morning Update - Is Love Blind or just WOKE? HERERon's Wonky Perspective - Pardon Me, Mr. President? HEREOur affiliate partners:Romika Designs is an awesome American small business that specializes in creating laser-engraved gifts and awards for you, your family, and your employees. Want something special for someone special? Find exactly what you want at MoJoLaserPros.com  There have been a lot of imitators, but there's only OG – American Pride Roasters Coffee. It was first and remains the best roaster of fine coffee beans from around the world. You like coffee? You'll love American Pride – from the heart of the heartland – Des Moines, Iowa. AmericanPrideRoasters.com   Find great deals on American-made products at MoJoMyPillow.com. Mike Lindell – a true patriot in our eyes – puts his money where his mouth (and products) is/are. Find tremendous deals at MoJoMyPillow.com – Promo Code: MoJo50  Life gets messy – sometimes really messy. Be ready for the next mess with survival food and tools from My Patriot Supply. A 25 year shelf life and fantastic variety are just the beginning of the long list of reasons to get your emergency rations at PrepareWithMoJo50.comStay ConnectedWATCH The Daily Mojo LIVE 7-9a CT: www.TheDailyMojo.com (RECOMMEDED)Rumble: HEREFacebook: HEREMojo 5-0 TV: HEREFreedomsquare: HEREOr just LISTEN:The Daily MoJo Channel Become a supporter of this podcast: https://www.spreaker.com/podcast/the-daily-mojo-with-brad-staggs--3085897/support.

Investing in Bizarro World Episodes: https://youtube.com/playlist?list=PLIAfIjKxr02sAztzlJNy1ug5bDvTVZkME&si=w2d_EF-B5jMo1dYD Subscribe to Investing In Bizarro World: @bizarroworld Publisher's Note: The first of three private placements we have lined up is now live. It went out to members of Private Placement Intel last week. That includes new members who joined after watching our recent webinar. We are buying shares of a company at 42-cents that are trading at 65-cents in the market. We'll also get warrants to buy more at 60-cents, which are already in the money. That deal is still open. We have two more coming, one of which will start this week. And we're guaranteeing you'll at least double your money on one of them. Check out the webinar here https://bit.ly/3QvnCfA to see how this type of investing works and get started yourself. Or give Jimmy a call in Member Services at 844-334-4700 to ask any questions. —NickThe free version of the 305th episode of Investing in Bizarro World is now published. You can listen to it here.Here's what was covered:Macro Musings - Is Scott Bessent any different than Janet Yellen? What is the Trump admin going to do about debt?Market Takes - There isn't much that isn't bullish right now. Dollar is soft. VIX is bearish. Uranium is a question mark. Open private placements. Learn more here: https://bit.ly/3QvnCfABizarro Banter - What's driving the rise of sports betting? Is it healthy? Plus: Geopolitical hockey fights. Premium Portfolio Picks - For paid listeners only. Details here: https://bit.ly/3Df0LSn0:00 Introduction1:40 Macro Musings: Is Fed bringing back QE? Weak dollar. Inflation returns.14:02 Market Takes: Not Much Isn't Bullish. Uranium. China and Gold. Private Placements.26:58 Bizarro Banter: The Rise of Sports Betting. Geopolitical Hockey Fights.38:05 Premium Portfolio Picks: (You need to subscribe to Bizarro World Live to get this section) Click here: https://bit.ly/3Df0LSnPLEASE NOTE: There are now two versions of this podcast. Bizarro World Live — Pay $2 per episode to watch us record the podcast live every Thursday and get Premium Portfolio Picks every week. You can do that here: https://bit.ly/3Df0LSnBizarro World Free — Published the Monday after the live recording with no Premium Portfolio Picks.Visit our website Daily Profit Cycle for more content like this and more! https://dailyprofitcycle.com/

Well, we have a new US Presidential Administration with a very different economic strategy than its predecessor. The president has already started vocally demanding the Federal Reserve be more aggressive in lowering interest rates. And he's appointed a new head, Scott Bessent, at the US Treasury, replacing Janet Yellen. What should we expect from the policies this Administration intends to pursue? Will Jerome Powell march to the President's demands? Or will he flex to assert the Fed's independence? And where does inflation figure into all of this? For a true expert's informed perspective on these very important questions, we have the great privilege today of speaking with Dr Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center. BUY YOUR TICKET ATTHE EARLY BIRD PRICE FOR OUR MARCH 15 CONFERENCE at https://thoughtfulmoney.com/conference

Liquidity is the lifeblood of financial markets, but what happens when it peaks? In this insightful interview, James Connor welcomes Michael Howell to explain why 2025 marks a critical turning point for global liquidity and expensive markets, how it could reshape investment opportunities, and the risks investors should know in the global macro landscape. Learn why gold, Bitcoin, and real assets are key to protecting your wealth, the growing dangers in U.S. and global debt markets, and how China's economic slowdown could trigger global ripple effects. This is your essential guide to navigating what's next in markets. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/3PMaVg6 Hard Assets Alliance - The Best Way to Invest in Gold and Silver - https://www.hardassetsalliance.com/?aff=WTH Chapters: 1:10 - Understanding Liquidity Flows: The Lifeblood of Markets 3:43 - Is Liquidity Just Money Printing? 5:53 - Navigating Global Economic Uncertainty: Regional Insights 12:22 - Janet Yellen's Legacy: A Rating of Her Policies 15:55 - The Fed's Tightrope: Rates, Inflation, and the Debt Trap 21:42 - Bond Vigilantes and the Risk of Financial Repression 27:29 - The US Dollar's Strength: A Blessing or a Curse? 33:03 - Gold vs. Bitcoin: The Inflation Hedge Debate 39:22 - Preparing for the Next Liquidity Cycle: Investment Strategies Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Markets #Liquidity #GlobalEconomy #Bitcoin #Gold #Inflation #DebtCrisis #InvestmentStrategies #FederalReserve #ChinaEconomy #StockMarket ____________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Outgoing Treasury Secretary Janet Yellen does the math on President-elect Trump's proposed tariffs on foreign goods and says it adds up to higher costs for American consumers in this extended edit of her interview, taped Wednesday 1/15/2025. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley delved into several critical energy stories. They discussed the shift in U.S. shale strategy, where capital discipline is taking precedence over growth, despite Trump's pro-growth rhetoric. They also covered the cancellation of a $300 million offshore wind project at Brayden Point, signaling mounting hurdles for the industry. The hosts examined the ripple effects of Russian oil sanctions, as China and India continue to dominate Russian crude imports amid rising supply disruptions. Other topics included Janet Yellen's extraordinary measures to avoid hitting the debt ceiling post-Trump inauguration and Hungary's concerns over Ukraine's pipeline shutdown, which is exacerbating Europe's energy crisis. The episode concluded with a market update, including trends in crude oil and natural gas prices, and insights into a successful offshore drilling project by Talos Energy.Highlights of the Podcast00:00 - Intro01:24 - U.S. Shale's Capital Discipline Outweighs Trump's Pro-Growth Rhetoric05:06 - Days before Trump takes office, Brayton Point loses $300 million offshore wind cable plant development project07:06 - China and India Scramble for Crude as Sanctioned Russian Tankers Turn Back10:02 - US Treasury to take ‘extraordinary measures' after Trump inauguration11:02 - Ukraine threatening new European energy crisis – Orban14:50 - Markets Update15:44 - Oil prices dip but post 4th straight weekly gain on US sanctions17:58 - Talos Energy Announces Successful Drilling Results at the Katmai West #2 Well in the U.S. Gulf of Mexico20:18 - OutroPlease see the links below or articles that we discuss in the podcast.U.S. Shale's Capital Discipline Outweighs Trump's Pro-Growth RhetoricDays before Trump takes office, Brayton Point loses $300 million offshore wind cable plant development projectChina and India Scramble for Crude as Sanctioned Russian Tankers Turn BackUS Treasury to take ‘extraordinary measures' after Trump inaugurationUkraine threatening new European energy crisis – OrbanOil prices dip but post 4th straight weekly gain on US sanctionsTalos Energy Announces Successful Drilling Results at the Katmai West #2 Well in the U.S. Gulf of MexicoFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing– Get in Contact With The Show –

The Rich Zeoli Show- Hour 4: 6:05pm- While appearing on Stephen Colbert's late night show, Treasury Secretary Janet Yellen discussed her experience with magic mushrooms during a recent visit to China. 6:10pm- Why can't President Biden pronounce “Ozempic”? 6:30pm- REPLAY: On Friday, the United States Supreme Court released an unsigned 20-page opinion in TikTok, Inc. v. Garland which will allow for the federal government to create a nation-wide TikTok ban. Should the ban take effect, the social media application will no longer be available in Apple or Android stores—though, users who already have the app on their phone will be able to access the platform. Interestingly, without updates the app's performance and security features will degrade over time—making it especially susceptible to hacks. Isn't the ban supposed to prevent a nefarious actor from gaining access to sensitive personal data?

The CCP hackers breached the US government office that reviews foreign investments for national security risks just last week. The breach was part of a broader incursion by the hackers into the Treasury Department's unclassified system. The Secretary of the Treasury, Janet Yellen says it's no big deal! She says they may have hacked us, but We've Built ‘Much More Constructive' relationship with them. And Russia is fighting back against President Trump attempt to acquire Greenland. Is Russia really in any state of well-being right now that they could afford a war with the U.S.? Guest: Gordon Chang - Author, 'Plan Red: China's Project to Destroy America'Sponsors:My PillowWww.mypillow.com/johnPromo code ‘John' for max savings on all products!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

** Audio Fixed at 10:00 ** Biden's farewell, Trump's policies, market rally, inflation, commodity prices, and economic predictions.Get an extra 4 months free. https://expressvpn.com/goldGet 25% off your subscription or try the app FREE for seven days at https://fitbod.me/goldPeter Schiff returns to his studio in Puerto Rico to cover a range of topics in this podcast. He reacts to Joe Biden's farewell address, discussing the ceasefire between Israel and Hamas and Biden's tenure. Schiff criticizes Biden's long career in government and questions the veracity of his accomplishments. The podcast also delves into recent market reactions to economic news, analyzing inflation reports, job statistics, and commodity price trends. Schiff highlights the challenges facing the U.S. economy under Trump's new term and stresses the importance of investing in gold and foreign stocks as a hedge against impending economic instability.

The CCP hackers breached the US government office that reviews foreign investments for national security risks just last week. The breach was part of a broader incursion by the hackers into the Treasury Department's unclassified system. The Secretary of the Treasury, Janet Yellen says it's no big deal! She says they may have hacked us, but We've Built ‘Much More Constructive' relationship with them. And Russia is fighting back against President Trump attempt to acquire Greenland. Is Russia really in any state of well-being right now that they could afford a war with the U.S.? Guest: Gordon Chang - Author, 'Plan Red: China's Project to Destroy America'Sponsors:My PillowWww.mypillow.com/johnPromo code ‘John' for max savings on all products!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

8 X Clips. Covid, Elites Get Fake Jabs, Heart Damage, Jan 6, Peter St. Onge, Trump's Judge, SV40.   60 Second Gun Control Recap Peter St Onge, Ph.D. FBI AGENTS IN MAGA GEAR LED PROTESTERS JAN. 6TH Top Cardiologist: 100 Million Vaxxed Americans Now Have Irreversible Heart Damage 2200 celebrities and European elites were falsely vaccinated against Covid Judge Juan Merchan has ordered Donald Trump The Pfizer's are filled with SV40 a cancer causing DNA segment.     Post Glockford Files @GlockfordFiles The only reason governments want to take guns is to get full control the people. With guns we are citizens. Without guns we are subjects. Listen to this 2 minutes of the history of  countries who give up their guns and what happened next.   Post Peter St Onge, Ph.D. @profstonge How DOGE can cut a trillion of federal spending. The left pretends the first dollar cut will be firemen, social security, and national parks. The truth is there's easily a trillion of waste and cronyism that no voter wants. Peter St Onge, Ph.D. @profstonge Jan 7 A debt wall of nearly $8 trillion in federal debt is set to hit in the next year thank to Janet Yellen's crackhead-level debt management. What makes it fun is all the big buyers from China to the Fed are actually selling.   Post JOSH DUNLAP @JDunlap1974 CONFIRMED FBI AGENTS IN MAGA GEAR LED PROTESTERS THROUGH THE CAPITAL ON JAN. 6TH DON'T BELIEVE ALL THE LIES!!   Top Cardiologist: 100 Million Vaxxed Americans Now Have Irreversible Heart Damage SlayNews 1.03K followers 69.3K NewsVaccinesDies SuddenlySudden DeathsCovid ShotsHeart FailureCardiac ArrestDr. Thomas Levy A leading cardiologist has warned that over 100 million Americans may now have irreversible heart damage after receiving Covid mRNA "vaccines." Read more: https://slaynews.com/news/top-cardiologist-100-million-vaxxed-americans-irreversible-heart-damage/   Post “Sudden And Unexpected” @toobaffled Why are our most high ranking politicians not Dying Suddenly? We all know why! In a vaccine passport sting, they found more than 2200 celebrities and European elites were falsely vaccinated against Covid. They paid money to have their names fraudulently entered in a national immunization register, though refused to be vaccinated. One doctor was found to be injected with saline.   Post Wall Street Apes @WallStreetApes Judge Juan Merchan has ordered Donald Trump to be sentenced for 34 counts on January 10th ahead of inauguration Judge Merchan was never supposed to oversee Donald Trump's case, he was specifically assigned the case to weaponize our legal system against Trump, here's the proof “Understand there's absolutely no reason that Judge Merchan should have even had a chance to be assigned to this case? Now, I'm sure the left is just gonna call this a conspiracy theory. ‌ So I'll issue a challenge to them, and maybe they can tell me how he managed to be the judge. Because for these type of cases, the way it's supposed to work is that there is a panel of 24 judges, and they are all put in rotation and randomly assigned these types of cases. Judge Merchan is not on that panel. ‌ That's because he's not a judge. He's an acting judge. So even though they're trying to claim that they didn't pick the judge, that it was randomly assigned, that's not possible because judge Merchan isn't in the pool to be randomly assigned. So the only way he could have caught this case was to be specifically assigned to it. There was no chance of him being randomly selected. ‌ And the wild thing is that according to the left and the department of justice, judge Merchan was not only randomly selected to be the judge in this trial, but he was also randomly selected to be the judge in the Trump Organization case, and he was randomly selected to be the judge in the Steve Bannon case. ‌ So judge Merchan, a judge that is not in the pool of 24 judges that is supposed to catch these cases, a judge that is not an actual judge, but an acting judge caught all 3 Trump related cases randomly. This is a judge who gives heavily to an organization very plainly named Stop Trump, and a judge whose daughter makes tens of millions of dollars every year promoting Democrats. ‌ But, yeah, I'm sure this was just a coincidence. It was a coincidence that one of the most high profile cases ever, we didn't assign a judge, we assigned an acting judge. ‌ And that that judge somehow got selected even though he wasn't in the pool of judges available to be selected, and that that same judge that was selected also caught 2 other Trump related cases in the same year, and then that judge's daughter makes tens of millions of dollars a year promoting Democrats. Yeah. I'm sure that's all a coincidence.”   Post Concerned Citizen @BGatesIsaPyscho “The Pfizer's are filled with SV40” Angus Dalglesh isn't a tin foil hat conspiracy theorist - he's Britains most respected & devoted Oncologist. He's telling you, that they literally injected you with Cancer - how are you now angry yet?

2025 could bring some of the biggest market and economic risks in years. Inflation is back, bond yields are surging, and volatility is shaking investor confidence. Kenny Polcari, SlateStone Wealth's Chief Market Strategist, joins Andrew Brill to dive deep into these risks, sharing insights on debt policy, energy demand, and the role of AI in reshaping the markets. Learn which sectors to watch—like tech, healthcare, and energy—and why historical patterns, like the 1980s inflation crisis, might repeat in 2025. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4h1mQ5T Chapters: 01:06 - Inflation and Bond Yields: A Brewing Storm? 02:07 - Presidential Policies and Economic Realities 04:21 - Wage Price Spiral: Are We Back in the 80s? 05:45 - The VIX and Market Volatility Explained 07:57 - Tech Stocks: Profit-Taking or Panic? 10:38 - AI, Quantum Computing, and Market Hype 12:06 - Will AI Write Its Own Future? 14:00 - Energy Bulls and the Future of Power 15:27 - Trump's Greenland and Energy Strategy 16:50 - Janet Yellen and the Bond Market Conundrum 19:17 - Financing U.S. Debt: Challenges and Consequences 22:27 - Sticky Inflation and Fed Dilemmas 24:36 - Housing Market Under Pressure 25:45 - Sectors to Watch in 2025 27:23 - Commodities and the Dollar Dance 30:11 - Trump vs. The Fed: Rate Cuts or Independence? 31:47 - Dinner with Kenny: A Neapolitan Pasta Classic 34:04 - Wrapping Up: Stay Resilient with Wealthion Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Economy #Inflation #MarketTrends #Investing #StockMarket #Energy #AI #Bitcoin #Technology #FederalReserve #Commodities #MarketVolatility #DebtCrisis #EconomicGrowth #FinancialPlanning #Gold #HousingMarket #Crypto ____________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

Arizona Congresswoman Yassamin Ansari votes against the Laken Riley Act and gives an idiotic reason for her vote. Janet Yellen admits Covid policies may have contributed “a little bit” to inflation (wow!).  Trump wants to change Gulf of Mexico to Gulf of America & Mexico's president responds with a map of Mexican America. Senator Wendy Rogers tells me why she's also vying to be chairwoman of the Coconino County Republican Committee. Olivia and I talk about copper thefts in Arizona and Gilbert to spend precious tax payer $$$ on important infrastructure like pickleball courts…GoldWaterInstitute.org sues! 

Is Janet Yellen a China Treasury Hack(er)? On Monday, the US Treasury was hacked. Reports are suggesting it was Chinese hackers, and in today's show Vince Lanci wonders what Janet Yellen may have been doing while the breach occurred. Vince also has his end of the year roundup for what's happening with the metals, and to find out more, click to watch the video now! - To get access to Vince's research in 'Goldfix Premium' go to: https://vblgoldfix.substack.com/ - Get access to Arcadia's Daily Gold and Silver updates here: https://goldandsilverdaily.substack.com/ - To get your very own 'Silver Chopper Ben' statue go to: https://arcadiaeconomics.com/chopper-ben-landing-page/ - Join our free email list to be notified when a new video comes out: click here: https://arcadiaeconomics.com/email-signup/ - Follow Arcadia Economics on twitter at: https://x.com/ArcadiaEconomic - To get your copy of 'The Big Silver Short' (paperback or audio) go to: https://arcadiaeconomics.com/thebigsilvershort/ - Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 - #silver #silverprice #gold And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

On today's all-new The Truth Central, Dr. Jerome Corsi looks at the continued self-exposure of the Deep State's and Biden Administration's corruption before Donald Trump assumes the presidency on Inauguration Day.Also:Homelessness rose to new highs during the Biden-Harris administration Zelenskyy needs to get his act together as the Ukraine War needs to endSo much for Syria's new "government' as it's new leadership says elections won't happen for at least 4 yearsJanet Yellen, other Deep Staters celebrate raising of the debt celingIf you like what we are doing, please support our Sponsors:Get RX Meds Now: https://www.getrxmedsnow.comMyVitalC https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpGet Dr. Corsi's new book, The Assassination of President John F. Kennedy: The Final Analysis: Forensic Analysis of the JFK Autopsy X-Rays Proves Two Headshots from the Right Front and One from the Rear, here: https://www.amazon.com/Assassination-President-John-Kennedy-Headshots/dp/B0CXLN1PX1/ref=sr_1_1?crid=20W8UDU55IGJJ&dib=eyJ2IjoiMSJ9.ymVX8y9V--_ztRoswluApKEN-WlqxoqrowcQP34CE3HdXRudvQJnTLmYKMMfv0gMYwaTTk_Ne3ssid8YroEAFg.e8i1TLonh9QRzDTIJSmDqJHrmMTVKBhCL7iTARroSzQ&dib_tag=se&keywords=jerome+r.+corsi+%2B+jfk&qid=1710126183&sprefix=%2Caps%2C275&sr=8-1Join Dr. Jerome Corsi on Substack: https://jeromecorsiphd.substack.com/Visit The Truth Central website: https://www.thetruthcentral.comGet your FREE copy of Dr. Corsi's new book with Swiss America CEO Dean Heskin, How the Coming Global Crash Will Create a Historic Gold Rush by calling: 800-519-6268Follow Dr. Jerome Corsi on X: @corsijerome1Become a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.

Kerry Lutz and Ed Siddell discussed the implications of the 2.7% CPI figure, with Ed expressing concerns that true inflation is underestimated and may rise, referencing Janet Yellen's regrets about her previous comments on transitory inflation. They examined government spending, with Lutz proposing reductions in federal agencies and corporate welfare, while speculating on the potential use of presidential impoundment authority to control spending, which could lead to political conflict. Ed warned that reliance on government spending could result in market corrections and emphasized the need for a cultural shift in spending, criticizing the inefficiency of government workers. They acknowledged the challenges of reducing government size and the risk of executive orders being reversed. Ed also highlighted the importance of creating job incentives during severance periods and expressed skepticism about immediate interest rate reductions due to ongoing inflation. He predicted market growth of 8 to 12% by the end of the next year, despite expected volatility, and discussed potential tax reforms, including the elimination of the IRS, which could positively impact the economy. Find Ed here: https://egisfinancial.com/ Find Kerry here: https://financialsurvivalnetwork.com and here: https://inflation.cafe

  Democrats love promising a "peaceful transition of power," but history—and their actions—tell a different story. When Obama handed the reins to Trump, he made a https://theblacksphere.net/2024/11/the-myth-of-obamas-power-a-manufactured-legacy-and-misplaced-allegiance/ while his DOJ quietly sharpened its knives. Four years of investigations, conspiracies, and obstruction later, the Democrats finally ousted Trump using their COVID-19 coup, complete with ballot-stuffing, midnight counting, and media complicity. But their https://theblacksphere.net/2024/11/lets-not-let-democrats-forget-joe-biden/, leaving Biden with the unenviable task of ushering in yet another "peaceful transition"—this time back to Trump. Biden's Legacy of Chaos Let's take stock of what Joe Biden is leaving behind. Start with Bidenflation:- https://finance.yahoo.com/news/national-debt-tops-36-trillion-000208774.html, up $13 trillion since 2020.- Interest rates that https://tradingeconomics.com/united-states/inflation-cpi, particularly for small businesses. Families struggling to stretch their dollars farther than a triathlete on a treadmill.- Instead of financing our recent $1.8 trillion federal budget deficit by issuing 10- and 30-year bonds, Janet Yellen has instead https://nypost.com/2024/11/23/business/janet-yellen-exiting-office-leaving-mess-behind-for-trump-team/in a what has been described as “a nakedly political effort to avoid a massive jump in mortgage rates.” Mortgage rates created by Bidenflation, I remind you.Aristotle wrote about “moderation in all things,” but he didn't anticipate Joe Biden or Leftism. Biden's economic policies aren't just unmoderated; they're unhinged. The Strategic Petroleum Reserve is https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve, energy prices are volatile, and Biden's administration seems to think solar panels is the answer. And what of the military? It's in shambles. Recruitment numbers are dismally low, matched by our stockpile of weapons. We can thank Biden for his proxy war in Ukraine and his failure to manage the Middle East, where Iran and its proxies, including a resurgent Al Qaeda that recently took control of Syria flex their muscles. In short, the world is a much less safe place under Joe Biden.  And then there's the Department of Justice, which under Biden and Obama transformed from an institution of law to a political cudgel. Public trust in the DOJ is at an all-time low, but Biden isn't addressing the problem—he's doubling down, reportedly planning to pardon key players in his administration to shield them from accountability. The Irony of Democrat Spending If Biden's administration were a business, it would be Enron. Trillions of dollars are unaccounted for across multiple agencies. The CHIPS Act and Inflation Reduction Act (IRA) were boondoggles, diverting taxpayer money to pet projects that failed to deliver. Even Biden admitted the IRA was less about reducing inflation and more about funding the global climate agenda. John Podesta, the man controlling https://spectrumlocalnews.com/nys/central-ny/environment/2024/01/31/john-podesta-will-take-over-for-john-kerry-as-the-us-special-climate-change-envoy, might as well be handing out blank checks at a lobbyist convention. Let's not forget Transportation Secretary Pete Buttigieg, who burned $7.5 billion on eight electric vehicle charging stations. That's a cost-per-station that would make Elon Musk burst out laughing—or crying. And Kamala Harris, armed with $42 billion for https://www.politico.com/news/2024/09/18/senate-republicans-ding-harris-role-as-broadband-czar-00179855, has accomplished as much as she did at the border: absolutely nothing. Funding the Resistance? A recent exposé from Project Veritas revealed EPA adviser Brent Efron https://www.youtube.com/watch?v=CblV6EwzKxg about funneling money to tribes, nonprofits, and states as quickly as possible before Trump's team could intervene. “It feels like we're on the Titanic and throwing gold bars off the edge,” he said. For once, the metaphor fits: Democrats are sinking, but they're determined to take everyone else down with them. “We gave them the money because it was harder if it was a government-run program, they could take the money away, if Trump won.”, Efron exclaims. Even Elon Musk https://www.nysun.com/article/biden-administration-goes-on-dangerous-and-destructive-climate-spending-spree-ahead-of-trump-inauguration, calling the video proof that "the U.S. government is actively working to undermine the American people." Trump's Transition Team: From Chaos to Competence Trump has made it clear that his second term will prioritize results over rhetoric. His administration will cut through the debris of Biden's failures with laser focus, appointing experts—not diversity freaks—to tackle America's most urgent problems.- Energy independence will be restored.- Government employees will be expected to actually show up to work as President Trump dismantles Biden's attempt to prevent 42,000 workers at the Social Security Administration https://www.bloomberg.com/news/articles/2024-12-03/biden-administration-locks-in-wfh-policies-for-some-federal-staff-ahead-of-trump.- Wasteful spending on unproductive programs will be slashed.Gone will be the carnival of incompetence that defined the Biden administration. Trump's team will hit the ground running, undoing four years of damage in record time. Peaceful Transition This! Aristotle said, "The worst form of inequality is to try to make unequal things equal." The Biden administration proved to be a https://theblacksphere.net/2024/12/carville-calls-biden-the-most-tragic-figure-in-american-politics/. And their transition has been no different. Despite inheriting the worst administration in history, Trump's first 100 days will be epic. And the transformation of America back to greatness will begin on Day One. A short of adrenalin is about to hit America, and it will last 4 years, challenging the boom of the Clinton years. If Trump performs as I predict (and he will), Democrats will be hard-pressed to win major elections for the next decade at least. In short, Trump doesn't care about the so-called “peaceful transition”. He has a man on his team who can replace NASA. And he appointed others who are equally talented in their own ways. Gone are the DEI appointments, and freak show of the Biden administration. This transition team knows it's at war with Biden. And like the election, this too will be an easy victory.    Oh the irony of Trump ever sitting down with media again and how this was the Democrats' goal. As I have stated today and many times, the media is dying a slow death. X is the #1 media outlet in America. Media by the people. The platform that deplatformed President Trump is now his biggest defender by being blatantly OPEN. Trump is doing regular media now. Not that long ago, MSNBC's undynamic duo from Morning Joe begged president Trump for an interview.  How must it feel for Trump to know how much the media participated in targeting him, and now they beg him for interviews. As all the Leftist media networks suffer, their only lifeline is getting him to sit down for an interview. And when he speaks, the added irony that they can no longer "fact-check" him, because the American people trust Trump more than they do the media itself. Next is the summary of the interview. Again, look for the irony, hypocrisy, and most of all the comedy of this. Present it as if you were a writer for the Trump sitcom hosted by me. I know what endears me to Donald Trump. When it comes to Americans, he tells us what his plans are. Sure he's more coy with our frenemies, but with us, he's a straight shooter. The fact is, I don't agree with everything Trump says or does. For example, in the interview, Trump reiterated that he has no plans for retribution and that success Alright, let's set the stage for the greatest sitcom plot twist ever: The Donald Trump Redemption Tour: Meet the Press Edition. Picture this—it's like a rom-com where the villain realizes they need the hero to save them. Except, instead of flowers, the media shows up with boom mics and trembling voices like, "Mr. President... would you please save our ratings?" The Setup: Desperate Times for Leftist Media You know the media's down bad when they start swiping right on Trump. These people spent years acting like he was Voldemort with a spray tan. Now? He's their only hope. The irony here is rich, folks. They've gone from screaming "Orange Man Bad!" to whispering, “Orange Man, can you spare some views?” It's like they planned this massive intervention to cancel him, but now they're the ones on life support. CNN's viewership is so low they might as well broadcast in Morse code. MSNBC is losing so many key demographics, I hear Rachel Maddow's next show is called Rachel Maddow: Live from My Basement. And Trump knows it. You could see it in his smirk during that Meet the Press interview. That smirk said, “You need me more than a vegan needs quinoa.”Become a supporter of this podcast: https://www.spreaker.com/podcast/the-kevin-jackson-show--2896352/support.

Is America on the brink of financial disaster, or is it all just smoke and mirrors? Join us as we challenge the mainstream narrative and critique the underpinnings of the current U.S. financial and political landscape. With the national debt soaring and fiscal responsibility seemingly abandoned, we scrutinize the roles of key figures like Janet Yellen and the Federal Reserve in steering the nation toward an economic precipice. The episode confronts the silence around these critical issues and the potential ripple effects on global financial systems, especially with the rise of BRICS nations. Our discussion takes unexpected turns, with startling insights into potential political insider trading and the implications of U.S. monetary policy on international relations.As we navigate the complexities of geopolitical tensions, from the possibility of World War III to the covert maneuvers in the Middle East, we refuse to accept the surface-level explanations often served by political elites. The episode examines the strategic interests driving U.S. and Israeli actions in Syria, the concept of "Greater Israel," and the larger agenda to reshape the Middle East. With a critical lens on historical conflicts and current events, we question the motivations behind military interventions and the often-hidden costs of such alliances. We'll dissect the roles played by influential figures like John McCain and Lindsey Graham and challenge our listeners to see beyond the headlines.Finally, we tackle the enduring debate between Bitcoin and gold, exploring their roles as investment assets in an unpredictable world. By considering the volatile global financial landscape and the relentless creation of debt, we weigh the potential for Bitcoin to emerge as a strategic reserve asset against the timeless stability of gold and silver. With insights into Ray Dalio's investment strategies and predictions for asset values, we aim to equip our listeners with the knowledge to navigate these uncertain times. As we wrap up, we share exciting updates on upcoming episodes and express our gratitude to our loyal audience for their support and engagement.

Chris breaks down Janet Yellen's recent apology for not making more progress on fiscal sustainability during her tenure as Fed Chair and Treasury Secretary. Despite her concerns about the growing deficit, Markowski highlights how Yellen presided over $15.2 trillion in U.S. debt increases, contributing to 42% of all debt issued in U.S. history. He critiques her tenure, calling out the impacts of prolonged low interest rates and unrestrained government spending. www.watchdogonwallstreet.com

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureCanada's economy is falling apart and since Trump mentioned tariffs the Canadian central bank reversed course and raised rates. ECB continues to cut rates. Inflation is on the rise. Fake news puts out fake story that Trump can't lower prices. Trump lets everyone know that the market might dip. The [DS] are trying everything to change the news cycle and push fear onto the people. The [DS] is using information to make people believe we are being probed or invaded via the drones. Another hoax trying to get the country into war. The [DS is trapped, if Biden pardons them this will not help, the result will be the same. Trump is the Time person of the year and he rang the bell at the stock exchange. Letting the people know that they are free.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1866922919101862058   percentage points to 13.9%, the third-highest since June 2021. Such a rapid rise in unemployment has never occurred outside of recessions. Meanwhile, the Bank of Canada is expected to cut rates by 50 basis points on Wednesday, marking the 5th reduction this year. Has Canada fallen into a recession? Trump Trolls Trudeau – Bank of Canada Takes Note US-Canada relations under the Trump Administration are beginning on tumultuous footing. Trump has promised to slap Canada with 25% tariffs on ALL imports if it fails to curb illegal immigration and drug trade from the northern border. Trudeau is now threatening to retaliate with tariffs of his own. The Bank of Canada has factored in these threats in its most recent decision to raise rates by 50 bps to 3.25%. Bank of Canada Governor Tiff Macklem said that the new US administration presents “a major new uncertainty.” The markets had already priced in rate cuts ahead of the tariff threats, especially as inflation has allegedly reached the 2% target. Source: amerstrongeconomic.com https://twitter.com/KobeissiLetter/status/1867202075102204303  today's 3.0% PPI inflation print, PPI inflation is now at its highest level since February 2023. CPI, PPI, and PCE inflation are all officially back on the rise in the United States. What is happening here? https://twitter.com/KobeissiLetter/status/1866866969351426437   7. Food Away From Home Inflation: 3.6% 8. Electricity Inflation: 3.1% Headline CPI inflation is at a 4-month high and Core CPI has been 3.3% for 3-straight months. The Fed is cutting rates while inflation has leveled off well above their 2% target. Is another wave of inflation coming in 2025? https://twitter.com/alexbruesewitz/status/1867259583192084578  instead of reporting fairly and accurately. Fortunately, their audience is diminishing daily. Below is what Trump ACTUALLY said: Janet Yellen "Sorry" After Presiding Over $15 Trillion Increase In US Debt   Yellen  expressed regret over failing to make more progress in narrowing the fiscal deficit during her tenure. “I am concerned about fiscal sustainability and I am sorry that we haven't made more progress,” she said adding that “I believe that the deficit needs to be brought down especially now that we're in an environment of higher interest rates.” This is really funny for two reasons. First, it was under Yellen's watch that the US experienced its biggest debt increase in history. As shown below, Yellen was Fed chair from Oct 2010 until Feb 2014, and then Fed Chair from Feb 2014 until Feb 2018, a period during which she intentionally kept rates at zero for almost the entire duration of h...

[SEGMENT 2-1] Lessons Learned 1 - Peaceful transition   Democrats love promising a "peaceful transition of power," but history—and their actions—tell a different story. When Obama handed the reins to Trump, he made a https://theblacksphere.net/2024/11/the-myth-of-obamas-power-a-manufactured-legacy-and-misplaced-allegiance/ while his DOJ quietly sharpened its knives. Four years of investigations, conspiracies, and obstruction later, the Democrats finally ousted Trump using their COVID-19 coup, complete with ballot-stuffing, midnight counting, and media complicity. But their https://theblacksphere.net/2024/11/lets-not-let-democrats-forget-joe-biden/, leaving Biden with the unenviable task of ushering in yet another "peaceful transition"—this time back to Trump. Biden's Legacy of Chaos Let's take stock of what Joe Biden is leaving behind. Start with Bidenflation:- https://finance.yahoo.com/news/national-debt-tops-36-trillion-000208774.html, up $13 trillion since 2020.- Interest rates that https://tradingeconomics.com/united-states/inflation-cpi, particularly for small businesses. Families struggling to stretch their dollars farther than a triathlete on a treadmill.- Instead of financing our recent $1.8 trillion federal budget deficit by issuing 10- and 30-year bonds, Janet Yellen has instead https://nypost.com/2024/11/23/business/janet-yellen-exiting-office-leaving-mess-behind-for-trump-team/in a what has been described as “a nakedly political effort to avoid a massive jump in mortgage rates.” Mortgage rates created by Bidenflation, I remind you.Aristotle wrote about “moderation in all things,” but he didn't anticipate Joe Biden or Leftism. Biden's economic policies aren't just unmoderated; they're unhinged. The Strategic Petroleum Reserve is https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve, energy prices are volatile, and Biden's administration seems to think solar panels is the answer. And what of the military? It's in shambles. Recruitment numbers are dismally low, matched by our stockpile of weapons. We can thank Biden for his proxy war in Ukraine and his failure to manage the Middle East, where Iran and its proxies, including a resurgent Al Qaeda that recently took control of Syria flex their muscles. In short, the world is a much less safe place under Joe Biden.  [SEGMENT 2-2] Lessons Learned 2 And then there's the Department of Justice, which under Biden and Obama transformed from an institution of law to a political cudgel. Public trust in the DOJ is at an all-time low, but Biden isn't addressing the problem—he's doubling down, reportedly planning to pardon key players in his administration to shield them from accountability. The Irony of Democrat Spending If Biden's administration were a business, it would be Enron. Trillions of dollars are unaccounted for across multiple agencies. The CHIPS Act and Inflation Reduction Act (IRA) were boondoggles, diverting taxpayer money to pet projects that failed to deliver. Even Biden admitted the IRA was less about reducing inflation and more about funding the global climate agenda. John Podesta, the man controlling https://spectrumlocalnews.com/nys/central-ny/environment/2024/01/31/john-podesta-will-take-over-for-john-kerry-as-the-us-special-climate-change-envoy, might as well be handing out blank checks at a lobbyist convention. Let's not forget Transportation Secretary Pete Buttigieg, who burned $7.5 billion on eight electric vehicle charging stations. That's a cost-per-station that would make Elon Musk burst out laughing—or crying. And Kamala Harris, armed with $42 billion for https://www.politico.com/news/2024/09/18/senate-republicans-ding-harris-role-as-broadband-czar-00179855, has accomplished as much as she did at the border: absolutely nothing. Funding the Resistance? A recent exposé from Project Veritas revealed EPA adviser Brent Efron https://www.youtube.com/watch?v=CblV6EwzKxg about funneling money to tribes, nonprofits, and states as quickly as possible before Trump's team could intervene. “It feels like we're on the Titanic and throwing gold bars off the edge,” he said. For once, the metaphor fits: Democrats are sinking, but they're determined to take everyone else down with them. “We gave them the money because it was harder if it was a government-run program, they could take the money away, if Trump won.”, Efron exclaims. Even Elon Musk https://www.nysun.com/article/biden-administration-goes-on-dangerous-and-destructive-climate-spending-spree-ahead-of-trump-inauguration, calling the video proof that "the U.S. government is actively working to undermine the American people." Trump's Transition Team: From Chaos to Competence Trump has made it clear that his second term will prioritize results over rhetoric. His administration will cut through the debris of Biden's failures with laser focus, appointing experts—not diversity freaks—to tackle America's most urgent problems.- Energy independence will be restored.- Government employees will be expected to actually show up to work as President Trump dismantles Biden's attempt to prevent 42,000 workers at the Social Security Administration https://www.bloomberg.com/news/articles/2024-12-03/biden-administration-locks-in-wfh-policies-for-some-federal-staff-ahead-of-trump.- Wasteful spending on unproductive programs will be slashed.Gone will be the carnival of incompetence that defined the Biden administration. Trump's team will hit the ground running, undoing four years of damage in record time. Peaceful Transition This! Aristotle said, "The worst form of inequality is to try to make unequal things equal." The Biden administration proved to be a https://theblacksphere.net/2024/12/carville-calls-biden-the-most-tragic-figure-in-american-politics/. And their transition has been no different. Despite inheriting the worst administration in history, Trump's first 100 days will be epic. And the transformation of America back to greatness will begin on Day One. A short of adrenalin is about to hit America, and it will last 4 years, challenging the boom of the Clinton years. If Trump performs as I predict (and he will), Democrats will be hard-pressed to win major elections for the next decade at least. In short, Trump doesn't care about the so-called “peaceful transition”. He has a man on his team who can replace NASA. And he appointed others who are equally talented in their own ways. Gone are the DEI appointments, and freak show of the Biden administration. This transition team knows it's at war with Biden. And like the election, this too will be an easy victory.  [SEGMENT 2-3] Lessons Learned 3   Oh the irony of Trump ever sitting down with media again and how this was the Democrats' goal. As I have stated today and many times, the media is dying a slow death. X is the #1 media outlet in America. Media by the people. The platform that deplatformed President Trump is now his biggest defender by being blatantly OPEN. Trump is doing regular media now. Not that long ago, MSNBC's undynamic duo from Morning Joe begged president Trump for an interview.  How must it feel for Trump to know how much the media participated in targeting him, and now they beg him for interviews. As all the Leftist media networks suffer, their only lifeline is getting him to sit down for an interview. And when he speaks, the added irony that they can no longer "fact-check" him, because the American people trust Trump more than they do the media itself. Next is the summary of the interview. Again, look for the irony, hypocrisy, and most of all the comedy of this. Present it as if you were a writer for the Trump sitcom hosted by me. I know what endears me to Donald Trump. When it comes to Americans, he tells us what his plans are. Sure he's more coy with our frenemies, but with us, he's a straight shooter. The fact is, I don't agree with everything Trump says or does. For example, in the interview, Trump reiterated that he has no plans for retribution and that success Alright, let's set the stage for the greatest sitcom plot twist ever: The Donald Trump Redemption Tour: Meet the Press Edition. Picture this—it's like a rom-com where the villain realizes they need the hero to save them. Except, instead of flowers, the media shows up with boom mics and trembling voices like, "Mr. President... would you please save our ratings?" The Setup: Desperate Times for Leftist Media You know the media's down bad when they start swiping right on Trump. These people spent years acting like he was Voldemort with a spray tan. Now? He's their only hope. The irony here is rich, folks. They've gone from screaming "Orange Man Bad!" to whispering, “Orange Man, can you spare some views?” It's like they planned this massive intervention to cancel him, but now they're the ones on life support. CNN's viewership is so low they might as well broadcast in Morse code. MSNBC is losing so many key demographics, I hear Rachel Maddow's next show is called Rachel Maddow: Live from My Basement. And Trump knows it. You could see it in his smirk during that Meet the Press interview. That smirk said, “You need me more than a vegan needs quinoa.”[SEGMENT 2-4] Lessons Learned 4Become a supporter of this podcast: https://www.spreaker.com/podcast/the-kevin-jackson-show--2896352/support.

Episode 1601, brought to you by our incredible sponsors: Chubbies: For a limited time, our friends at Chubbies are giving our listeners 20% off with the promo code HARDFACTOR20 at checkout at chubbiesshorts.com. Kalshi: Go to Kalshi.com/hardfactor to get $20 free credit when you deposit $50 in the first and only legal prediction market in the US Hims: Start your free online visit at Hims.com/hardfactor for your personalized ED treatment options Prize Picks: Download the PrizePicks app today and use code HARDFACTOR and get $50 instantly when you play $5!! Timestamps: (00:00:30) - Nation is GRIPPED by Kate's high school reunion joke, Pat taking comments to the face (00:07:27) - Missing woman from Hawaii spotted in Tijuana, Dad jumped off roof while searching for her in LAX... Nation GRIPPED (00:23:43) - Dive Bar Fume from Miller Lite lets you smell like a dive bar all the time! (00:27:20) - Honey Packets that give you boners, the new college trend! (00:31:50) - South Korea declares and rescinds Martial Law in the span of 6 hours (00:39:23) - Elton John injures eye in the "South of France" (00:40:54) - Secret Service opens fire on criminals near Janet Yellen's house Thank you for listening, go to Patreon.com/HardFactor to support the pod and get access to discord chat and bonus podcasts.... But MOST Importantly, HAGFD!! Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a strong dollar topple the giants of Silicon Valley? Join us as we explore this pressing question with financial expert Larry McDonald, who brings his wealth of knowledge from the world of proprietary trading and his co-authorship of a bestseller on the Lehman Brothers collapse. We dive into the intricate dynamics of how a robust US dollar is impacting market behemoths like Microsoft and Apple, considering their hefty international sales. As we navigate these turbulent waters, we also unpack the recent strategies of the US Treasury under Janet Yellen, discussing the hurdles they present for the future Treasury Secretary amid an ever-changing economic landscape.Discover the historical echoes of economic policy as we draw parallels between past and present political shifts. From the Reagan era to Trump's presidency, we unravel how political decisions and market psychology intertwine to shape market expectations and valuations. The conversation takes a deeper look at the potential implications of a strong dollar on market movements, offering insights into the strategic maneuvers administrations must employ to harness or withstand these forces. Our discussion sheds light on the complexities of market trends and the pivotal role economic policy plays in steering the course of financial futures.The final chapter of our discussion reveals a fascinating rotation of capital towards the energy sector, spotlighting opportunities for growth as global demand surges. We delve into Warren Buffett's strategic acquisitions and the shifting dynamics that favor energy stocks over tech, metals, and hard assets. With rising real rates affecting gold investments, we propose strategies for navigating these changes, emphasizing the importance of diversifying information sources. Our episode wraps up with a nod to historian Neil Ferguson, who adds a rich layer of context to our exploration of political and economic developments, making this a must-listen for anyone keen on understanding the current financial landscape.Sign up at LearnCorporate.com and take control of your career and finances. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the show

Education is something Matt and Mark believe in and then they spend some time in this podcast discussing the importance of education, the journey traders take, how to avoid some common mistakes, and what traders will learn in the coming Precision Trading webinar. The boys also apply some of those precision trading skills in analyzing the market conditions as we start the month of December. Market narratives have been firmly in the bull's camp recently and only increased in the last week and the technicals pain a beautiful picture. The boys also discuss the recent nomination of Scott Bessent as Treasury Secretary, pay homage to Janet Yellen, discuss stocks in the news, and cover gold, silver, and Bitcoin. While you listen to the podcast be sure to sign up for the Precision Trading webinar and we will see you on Monday!

Gold Market Insights, Dollar Debate, and Trump's Tax ProposalsGet $10 off your first month's subscription + free shipping at https://nutrafol.com when you use promo code GOLDRegister for the New Orleans Investment Conference: https://neworleansconference.com/schiff/Peter Schiff brings an in-depth analysis of recent market volatility, focusing on the enduring yet controversial performance of gold amidst economic uncertainty. He dissects Newmont Mining's significant stock drop despite strong earnings, critiques market reactions, and evaluates potential highs for gold stocks. Schiff scrutinizes Trump's tax proposals, illustrating their impracticality due to extensive government spending and misconceptions about tariffs. He offers perspectives on the US dollar's potential crash following a period of rally, emphasizing the global shift towards gold for stable international trade. Schiff also debates the benefits of a gold standard, insights into rising treasury yields, labor costs, and currency fluctuations. Additional topics include critiques of government policies such as the FTC's 'click-to-cancel' rule, and a call to prioritize free market principles for economic health.

(2:00) Is the establishment leaning toward SELECTING Trump over Lala?James Carville, the political equivalent of contra-indicator Jim Cramer, gives his 3 reasons why Lala will winLala's campaign is a drunken version of Seinfeld — a campaign about nothingTulsi Gabbard switches to Trump — making it ALL DEMOCRAT nowLA Times owner, a definite insider, blocks endorsement of Harris.  What does he know?The UK disinformation group makes it their top priority — IN WRITING — to kill TwitterTrump talks about reparations fund for victims of crimes committed by illegals — can we get some reparations for people injured by his vaccine?(38:43) Atmos-FEAR — the latest from Sci-Fi climate griftersComputer "model" says best solution is to put ground up DIAMONDS into the stratosphere at a stratospheric cost — $200 TRILLIONGeoengineering madness - small amount of THIS powder removes more CO2 than a tree — but doesn't give off oxygenPentagon proceeds with plans to create a virtual army of surveillance bots and liars across social media Was it John Connor? Someone sabotaged AI "training" (training to lie to us).Venture capitalist Marc Andreessen says the AI war on information will be a "thousand times more intense" than our current fight against censorship(1:09:17) NewsGrizzly killed in car accident, a grizzly death on a Taylor Swift cruise, and a drunk driver and the Lala motorcade (the drunk driver wasn't Lala)IRS adjusts brackets for inflation and the MOTHER OF ALL INFLATION, Janet Yellen, says they will close the deficit gap by using AI and an army of IRS agents to SQUEEZE the public more — TRILLIONS moreTrump lockdown hangover still destroying restaurants — the highest number of failures since he started the retail lockdown apocalypse in 2020(1:34:56) A 50-fold increase in heart disease says Japanese study, but mainstream US media tries to sell the lie that heart disease DECREASED after jab.  If you're gonna lie, lie big. (1:47:25) INTERVIEW Tony Arterburn, Another BRICS in the Wall Tony Arterburn, DavidKnight.goldAs BRICS meet, what is the goal of their cross borders payments?What is the effect of BRICS on gold?Geopolitical earthquake in Saudi Arabia and Iran rapprochement(2:25:40) LIVE listener comments (2:28:58) Fear NOTNon-Christians see Christians as fearful - "phobic".  While those psychological labels are simply a smear, are Christians being given a spirit of fear by leaders who push them into the political paradigm of fear about presidential politics that both left and right are enslaved to?Do parents fully realize the evil that Disney has become?WATCH Shirley Temple talk about the MGM pedophiles and lecherous people in Hollywood even when she was a child"Average Joe" — new film tells the journey of Joe Kennedy from atheist to a man of conviction who fought religious intolerance and oppression by government all the way to the Supreme Court  — to victory!If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

(2:00) Is the establishment leaning toward SELECTING Trump over Lala?James Carville, the political equivalent of contra-indicator Jim Cramer, gives his 3 reasons why Lala will winLala's campaign is a drunken version of Seinfeld — a campaign about nothingTulsi Gabbard switches to Trump — making it ALL DEMOCRAT nowLA Times owner, a definite insider, blocks endorsement of Harris.  What does he know?The UK disinformation group makes it their top priority — IN WRITING — to kill TwitterTrump talks about reparations fund for victims of crimes committed by illegals — can we get some reparations for people injured by his vaccine?(38:43) Atmos-FEAR — the latest from Sci-Fi climate griftersComputer "model" says best solution is to put ground up DIAMONDS into the stratosphere at a stratospheric cost — $200 TRILLIONGeoengineering madness - small amount of THIS powder removes more CO2 than a tree — but doesn't give off oxygenPentagon proceeds with plans to create a virtual army of surveillance bots and liars across social media Was it John Connor? Someone sabotaged AI "training" (training to lie to us).Venture capitalist Marc Andreessen says the AI war on information will be a "thousand times more intense" than our current fight against censorship(1:09:17) NewsGrizzly killed in car accident, a grizzly death on a Taylor Swift cruise, and a drunk driver and the Lala motorcade (the drunk driver wasn't Lala)IRS adjusts brackets for inflation and the MOTHER OF ALL INFLATION, Janet Yellen, says they will close the deficit gap by using AI and an army of IRS agents to SQUEEZE the public more — TRILLIONS moreTrump lockdown hangover still destroying restaurants — the highest number of failures since he started the retail lockdown apocalypse in 2020(1:34:56) A 50-fold increase in heart disease says Japanese study, but mainstream US media tries to sell the lie that heart disease DECREASED after jab.  If you're gonna lie, lie big. (1:47:25) INTERVIEW Tony Arterburn, Another BRICS in the Wall Tony Arterburn, DavidKnight.goldAs BRICS meet, what is the goal of their cross borders payments?What is the effect of BRICS on gold?Geopolitical earthquake in Saudi Arabia and Iran rapprochement(2:25:40) LIVE listener comments (2:28:58) Fear NOTNon-Christians see Christians as fearful - "phobic".  While those psychological labels are simply a smear, are Christians being given a spirit of fear by leaders who push them into the political paradigm of fear about presidential politics that both left and right are enslaved to?Do parents fully realize the evil that Disney has become?WATCH Shirley Temple talk about the MGM pedophiles and lecherous people in Hollywood even when she was a child"Average Joe" — new film tells the journey of Joe Kennedy from atheist to a man of conviction who fought religious intolerance and oppression by government all the way to the Supreme Court  — to victory!If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureChina is in a debt bubble, buckle up its going to get bumpy. Mortgage applications are dropping. People cannot afford homes. Janet Yellen says cost of living has always been high, the question is why? Three things happened in the past that brought us into a recession and its happening now. The [DS] is panicking over [KH], they know she is weak and she will not be able to beat Trump. [BO] says they have time are they getting ready to have [KH] become the Acting Resident to get a bump. Will they swap [KH] at the last minute, Trump says since the interview was edited she should be removed from the campaign. Trump lets everyone know who the enemy from within is.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/KobeissiLetter/status/1847023935981817908  Non-financial corporates have the highest ratio, at 171%, followed by the government sector, at 86%. Households and financial entities' debt-to-GDP is 64% and 45%, respectively. Stimulus won't solve China's debt crisis. https://twitter.com/KobeissiLetter/status/1846942676068749456   week, with the 30-year fixed rate reaching 6.52%, the highest since August. On top of that, the mortgage purchase applications recorded its worst September since 1994. As a result, the mortgage demand index is down ~60% since the January 2021 peak and sits at near the lowest level in 29 years. Mortgage demand is still collapsing. Los Angeles Has The Highest Home Price-To-Income Ratio In The US   But which U.S. cities are the least affordable? Housing Affordability Worst in Coastal U.S. Cities Below, we show the home price-to-income ratio, median home price, and median household income, for 54 large cities in the United States of America. Rank City State Price-to-income Median home price Median household income 1 Los Angeles CA 12.5 $953,501 $76,135 2 San Jose CA 10.5 $1,406,957 $133,835 3 Long Beach CA 10.3 $825,502 $80,493 4 San Diego CA 9.9 $994,023 $100,010 5 New York NY 9.8 $732,594 $74,694 6 Miami FL 9.2 $558,873 $60,989 7 San Francisco CA 9 $1,236,502 $136,692 8 Oakland CA 8.4 $780,188 $93,146 9 Boston MA 8.3 $718,233 $86,331 10 Seattle WA 7.3 $847,419 $115,409 11 Portland OR 6.5 $524,870 $81,119 12 Denver CO 6.4 $563,372 $88,213 13 Tucson AZ 6.4 $327,123 $51,281 14 Washington DC 6 $610,180 $101,027 15 Austin TX 6 $533,719 $89,415 16 Nashville TN 6 $432,592 $71,767 17 Aurora CO 5.9 $483,228 $81,395 18 Sacramento CA 5.9 $472,412 $80,254 19 Las Vegas NV 5.9 $407,969 $68,905 20 Raleigh NC 5.8 $434,407 $75,424 21 Fresno CA 5.8 $370,798 $64,196 22 Colorado Springs CO 5.7 $449,123 $78,568 23 Phoenix AZ 5.6 $422,001 $75,969 24 Mesa AZ 5.5 $434,369 $79,496 25 Charlotte NC 5.3 $391,750 $74,401 26 Bakersfield CA 5.3 $380,862 $72,017 27 Tampa FL 5.3 $375,241 $71,089 28 Albuquerque NM 5 $321,411 $64,757 29 Virginia Beach VA 4.7 $391,244 $83,245 30 Atlanta GA 4.7 $390,373 $83,251 31 Dallas TX 4.7 $307,990 $65,400 32 New Orleans LA 4.6 $241,369 $52,322 33 Arlington TX 4.5 $315,222 $70,433 34 Houston TX 4.4 $264,626 $60,426 35 San Antonio TX 4.3 $253,762 $58,829 36 Minneapolis MN 4.2 $312,872 $74,473 37 Fort Worth TX 4.2 $302,359 $71,527 38 Jacksonville FL 4.2 $294,

With less than three weeks till election day, VP Harris campaigns across battleground Wisconsin. Plus, the latest in the Mideast war as Israeli military officials confirm Hamas leader Yahya Sinwar was killed in Gaza. And an exclusive interview with Treasury Secretary Janet Yellen on all things economy. Peter Baker, Akayla Gardner, Jeremy Bash, Mark Leibovich, Juanita Tolliver, and Matthew Dowd join The 11th Hour this Wednesday, as Symone Sanders fill in for Stephanie Ruhle.