Podcasts about paycheck protection program

Each month, the VA Office of Inspector General publishes highlights of our investigative work, congressional testimony, and oversight reports. In March 2025, the VA OIG published 17 reports that included 101 recommendations. Report topics varied from a review of VHA and VBA fiscal year 2024 supplemental funding requests and mental healthcare services at a Massachusetts' VA medical center to a review of the veteran self-scheduling process for community care and supply and equipment management deficiencies at a Texas VA medical center. VA OIG investigations led to the sentencing of a pharmacy operator who conspired with various doctors to charge government agencies for medically unnecessary compound prescriptions, pain creams, scar gels, and multivitamins primarily to patients covered under the Office of Workers' Compensation Program. Elsewhere, a government subcontractor was sentenced to 12 months' probation and ordered to pay restitution of more than $493,000 after previously pleading guilty to bank fraud. The company fraudulently obtained a Small Business Administration-backed Paycheck Protection Program loan. The company's owner also agreed to pay more than $1.1 million as part of a civil settlement to resolve his own civil liability.  This latest podcast episode of Veteran Oversight Now highlights the VA OIG's oversight work from March 2025, including four healthcare facility inspections reports on facilities in Massachusetts, Georgia, Virginia, and Washington, DC.  Related Reports: The Causes and Conditions That Led to a $12 Billion Supplemental Funding Request Review of VA's $2.9 Billion Supplemental Funds Request for FY 2024 to Support Veterans' Benefits Payments Inadequate Governance Structure and Identification of Chief Mental Health Officers' Responsibilities  

The discussion focused on the challenges facing small businesses in the U.S. and the role of the Small Business Administration (SBA) in supporting them. Kerry Lutz and Lloyd Chapman highlighted the SBA's historically low budget of approximately $800 million, which they argue is insufficient given that small businesses account for 99.9% of all firms and create 98% of net new jobs. They expressed skepticism about the government's allocation of funds, particularly regarding the Paycheck Protection Program, which they believe favored larger businesses. The conversation also addressed broader issues of government fraud and the need for increased scrutiny of financial discrepancies, particularly within the Pentagon. Lloyd Chapman emphasized the importance of the Small Business Act of 1953 as a crucial economic stimulus for the middle class, while also noting the disparity in federal contracts awarded to men versus women-owned businesses. He presented data on the SBA 7A loan program, indicating a low default rate, and underscored the significant benefits derived from the SBA's budget. Both speakers expressed concerns about potential moves to close the SBA and warned of an impending economic crisis linked to the national debt. They discussed the need for a fairer tax system and proposed innovative strategies, such as utilizing Bitcoin, to address these economic challenges. Find Lloyd here:  https://asbl.com/ Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe

There's a growing movement to apply the best practices of technology to the U.S. government. Whether it's Elon Musk and DOGE (the so-called Department of Government Efficiency) or the myriad of chief technology and data officers across all levels of government, the hope is that technology can enhance productivity and minimize errors, offering a better experience with government for all Americans. Few people have the wealth of experience on this front than our guest today, Christine Keung. She has a tech industry background from Dropbox and her current role as a partner at J2 Ventures, but also a lengthy tenure across party lines, from working in China with Ambassador Max Baucus, to becoming the Chief Data Officer of San Jose, California, to helping launch the Paycheck Protection Program at the Small Business Administration. Alongside host Danny Crichton and Riskgaming Director of Programming Laurence Pevsner, we talk about her recent experience playing Powering Up — our Riskgaming scenario on the Chinese electric vehicle market — her experiences in government and the challenges of modernization, and then finally, we turn to DeepSeek and the U.S.-China competition that has splashed across the front pages the past week. Produced by ⁠⁠⁠Chris Gates⁠⁠⁠ Music by ⁠⁠⁠George Ko

FOOTBALL IS BACK! To celebrate the opening night of NFL football, we bring on gambling guru Taylor Mathis, known for her viral walking bets. She provides her expert analysis on who will win the Chiefs vs. Ravens game tonight, and she discusses her time with Barstool Sports legend Rico Bosco. Additionally, we pour one out for Rich Homie Quan, who apparently died. Following, we bring in financial expert Don Kilam, who tells us the best ways to avoid paying taxes. Is he a genius? Or just encouraging tax fraud? Watch to find out! Don't miss this episode of “Prime Time with Alex Stein”! Support Alex's new political action committee, Illegals for Trump, at https://illegalsfortrump.com.  BRAND NEW MONDAY SHOW! We have a new Monday show EXCLUSIVELY on BlazeTV.com that you can watch for only 99 CENTS (for the first month)! Go to https://blazetv.com/primetime and use code PRIMETIME99 to see our Monday show and other exclusive Blaze content that Big Tech CAN'T censor! Today's Sponsors:  PureHealth Boost your energy, clear brain fog, and shed extra flab with Liver Health Formula. Designed to revitalize and protect your liver, this powerful supplement contains 11 clinically proven herbs and nutrients. Say goodbye to energy crashes and belly fat by visiting https://GetLiverHelp.com/ALEX to order today and receive a free bottle of Blood Sugar Formula to reduce sugar cravings. Don't miss out on this opportunity to reclaim your health! Scamdemic Our new Blaze Original documentary, "Scamdemic: How Fraudsters Cashed In On Billions," exposes the shocking abuse of the Paycheck Protection Program during the COVID pandemic. Discover how some exploited the system for personal gain while millions struggled, and see the stark reality of government failures. Don't miss this eye-opening film that confronts fraudsters and reveals where your tax dollars went. Watch it by subscribing at https://BlazeOriginals.com/STEIN with promo code SCAMDEMIC for a seven-day trial and $30 off. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of "Sara Gonzales Unfiltered," Sara addresses the Apalachee High School shooting in Georgia, where a 14-year-old student killed two students and two teachers. Sara highlights the crucial role of armed school resource officers, while criticizing Kamala Harris' past proposals to "demilitarize" schools by removing police officers. The shooter's obsession with the 2018 Parkland shooting raises concerns about parental oversight and the FBI's failure, despite having received tips about the shooter a year before the attack. Sara mocks White House press secretary Karine Jean-Pierre's push for more gun control laws, pointing out the futility of making murder “more illegal.” Instead, she advocates for stronger school security measures like armed officers and metal detectors, arguing that disarming schools only makes children more vulnerable. The discussion shifts deeper into politics when Sara addresses Vladimir Putin's surprising endorsement of Kamala Harris, pointing to the irony given the Democrats' past focus on Russian collusion. Sara also raises concerns about China's growing influence in the U.S., especially through Hollywood and real estate acquisitions, which are largely ignored by the media and government. Next, Sara welcomes Alex Stein, BlazeTV host of "Prime Time with Alex Stein," to discuss his BlazeTV documentary "Scamdemic," which exposes rampant fraud in the Paycheck Protection Program. Alex shares his skepticism of the federal government, highlighting the lack of oversight that allowed billions of dollars to be misused. Sara and Alex agree that while the program helped some, it was ultimately the "biggest fraud in government history." In the final segment, Sara, Alex, and Steven — Sara's husband — engage in some playful college football banter, debating the standings of their teams — Texas, LSU, and Alabama. Sara teases Alex about LSU's struggles while proudly boasting about Texas' rise in the rankings. Sara is joined by BlazeTV contributors Matthew Marsden, Jaco Booyens, and Alex Stein. Learn more about your ad choices. Visit megaphone.fm/adchoices

Why is an NFL team endorsing a presidential candidate? To start the show, we bring on political activist, author, and television personality Jack Posobiec to discuss the Philadelphia Eagles, his hometown team, making ads endorsing Kamala Harris. Additionally, Jack discusses his new book “Unhumans,” which dives into the secret history of communist revolutions (and how to crush them). Following, we break down some of the viral clips from Donald Trump's appearance on Lex Fridman's podcast, where they discussed releasing the Epstein files. Finally, we have a surprise musical performance for Jack, as we parody his love for the band Creed. Don't miss this episode of “Prime Time with Alex Stein”! Support Alex's new political action committee, Illegals for Trump, at https://illegalsfortrump.com.  BRAND NEW MONDAY SHOW! We have a new Monday show EXCLUSIVELY on BlazeTV.com that you can watch for only 99 CENTS (for the first month)! Go to https://blazetv.com/primetime and use code PRIMETIME99 to see our Monday show and other exclusive Blaze content that Big Tech CAN'T censor! Today's Sponsors:  CraftCo FlyingAce Relax with a glass of Flying Ace Whiskies from CraftCo, inspired by American aviators and proudly made in the USA. Each purchase supports Folds of Honor, providing scholarships to the families of fallen or disabled troops. Buy now at https://FlyingAceSpirits.com and use code AMERICA for free shipping! Scamdemic Our new Blaze Original documentary, "Scamdemic: How Fraudsters Cashed In On Billions," exposes the shocking abuse of the Paycheck Protection Program during the COVID pandemic. Discover how some exploited the system for personal gain while millions struggled, and see the stark reality of government failures. Don't miss this eye-opening film that confronts fraudsters and reveals where your tax dollars went. Watch it starting Wednesday, September 4, by subscribing at https://BlazeOriginals.com/STEIN with promo code SCAMDEMIC for a seven-day trial and $30 off. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Paycheck Protection Program (PPP) was launched at the height of the COVID-19 pandemic in the hopes that it would keep businesses from laying off workers during government shutdown measures taken to contain the spread of the disease. Initial estimates of the direct impacts have been mixed, with some studies suggesting that the cost was hundreds of thousands of dollars per job saved. But a paper in the American Economic Journal: Economic Policy looked beyond the labor market at a second order effect showing a clear and positive benefit. Authors Sumit Agarwal, Brent W. Ambrose, Luis A. Lopez, Xue Xiao found that the PPP reduced mortgage delinquencies for commercial real estate by roughly $36 billion in 2020 and likely played an important role in averting wider distress in financial markets. Ambrose recently spoke with Tyler Smith about the impact of PPP loans on the commercial real estate market and ways in which the program could have been better targeted.

On today's program, new life breathed into a lawsuit against Dave Ramsey's company. A former employee claims he was fired for not sharing Ramsey's religious beliefs on how to handle the COVID-19 pandemic. We'll take a look at the court's latest ruling in the case. And, a Southern Baptist pastor in Florida faces a minimum sentence of life in prison without parole over harrowing child abuse allegations—but new state laws also mean the death penalty is on the table. Also, Andrew Wommack announces plans to pass the baton to new leadership at Charis Bible College in Colorado. But first, Gordon College was denied forgiveness on $7 million in COVID-era Paycheck Protection Program loans. It submitted an appeal, but in July a judge dismissed most of the college's claims. The producer for today's program is Jeff McIntosh.  We get database and other technical support from Stephen DuBarry, Rod Pitzer, and Casey Sudduth. Writers who contributed to today's program include Kim Roberts, Bob Smietana, Yonat Shimron, Kathryn Post, Tony Mator, Jessica Eturralde, Shannon Cuthrell, and Brittany Smith. Until next time, may God bless you.   FIRST SEGMENT Warren: Hello everybody. I'm Warren Smith, coming to you from Charlotte, North Carolina. Natasha: And I'm Natasha Cowden, coming to you from Denver, Colorado. And we'd like to welcome you to the MinistryWatch podcast. Warren: On today's program, new life breathed into a lawsuit against Dave Ramsey's company. A former employee claims he was fired for not sharing Ramsey's religious beliefs on how to handle the COVID-19 pandemic. We'll take a look at the court's latest ruling in the case. And, a Southern Baptist pastor in Florida faces a minimum sentence of life in prison without parole over harrowing child abuse allegations—but new state laws also mean the death penalty is on the table. Also, Andrew Wommack announces plans to pass the baton to new leadership at Charis Bible College in Colorado. Natasha: But first, Gordon College was denied forgiveness on $7 million in COVID-era Paycheck Protection Program loans. It submitted an appeal, but in July a judge dismissed most of the college's claims. Warren: Like many colleges and organizations in 2020, Gordon College received COVID relief funds as part of the Paycheck Protection Program (PPP). But when the Massachusetts-based college applied for forgiveness, the Small Business Administration (SBA) denied its request on the $7 million loan. Gordon then sued the SBA for violating its free exercise of religion, equal protection, and due process rights, along with violations of the Administrative Procedure Act. U.S. District Judge Beryl Howell in the District of Columbia dismissed most of the claims brought by Gordon College in a memorandum opinion issued in late July. In her opinion, Howell said the SBA had sought follow-up documentation from Gordon College because the “employee count” was “indicative of concern.” Natasha: How so? Warren: In April 2020, Gordon submitted its PPP application with 495.67 employees listed. It reached this number using the full-time equivalent method, which counts part-time employees as a fraction of an employee. A spokesperson for the college told MinistryWatch. “Gordon College followed the procedures given at the time of the loan application and most importantly, used these funds completely in the manner in which they were presented by the SBA: to avoid layoffs of employees and continue to provide them with a paycheck even though the College was forced to shut down operations for months in 2020,” Natasha: So what's the issue? Warren: The court recited that in later documents, the school “self-reported” 639 employees at the Massachusetts campus, which exceeded the maximum count of 500 employees allowed under the program. Gordon College told MinistryWatch that when it applied for loan forgiveness in July 2021,

Discover the hidden underbelly of financial markets in today's episode featuring Professor John M. Griffin, a leading forensic finance expert and the James A. Elkins Centennial Chair in Finance at McCombs School of Business at the University of Texas at Austin. Tuning in, you'll learn how forensic finance exposes illicit activities in crypto markets, revealing how entities like Tether (a cryptocurrency pegged to the US dollar) facilitate scams and money laundering. We also delve into the disturbing world of pig butchering scams, which have stolen more than $75 billion from victims globally, and how the victims of these scams have helped John study the flow of illicit funds in crypto markets. Find out how John uncovered massive fraud in the Paycheck Protection Program during the COVID-19 pandemic, and how this exposed the central role of fintech lenders and social networks in spreading fraud. We also discuss the importance of rigorous academic research and its practical implications in uncovering financial fraud, emphasizing the need for robust oversight and transparency in both emerging and traditional financial systems. Tune in for a thought-provoking discussion that challenges established practices and calls for greater scrutiny in financial systems! Key Points From This Episode:   (0:05:23) An overview of John's research,  the definition of forensic finance, and what sets forensic finance research apart from more traditional finance papers. (0:09:55) The economics of pig butchering scams and how the victims of these scams help John study the flow of illicit funds in crypto markets. (0:14:42) How crypto exchanges fail to monitor for potential scammer activity. (0:18:44) The role of so-called legitimate crypto exchanges in criminal activity; why Tether (a cryptocurrency pegged to the US dollar) is the most important cryptocurrency in scam activity.  (0:21:43) Unpacking the $75 billion figure in John and Kevin Mei's paper on Pig Butchering and how it finances slavery; how this compares to fraud estimates from firms like Chainalysis. (0:26:25) How the methods in John and Kevin's paper can be used to improve the monitoring of crypto exchanges, and how the crypto community has responded to their paper. (0:29:14) An overview of John's paper on Tether with Amin Shams and how often fraud and misinformation are associated with asset price bubbles. (0:30:52) What Tether is, the difference between it being demand-driven or pulled, and supply-driven or pushed, and why Tether creators want to inflate the price of Bitcoin. (0:34:46) Decentralization in the crypto space and why decentralized finance is a misnomer, how to test whether Tether is pushed or pulled, and investigating Tether's relationship to Bitcoin. (0:35:56) How to test whether Tether is pushed or pulled; investigating Tether's relationship to Bitcoin and how it can be exploited by bad actors. (0:42:05) Tether's response to John's paper and why he tries not to listen to nay-sayers with vested interests. (0:46:10) John and his co-writers' findings on the prevalence of fraud in the Paycheck Protection Program (PPP) during the COVID-19 pandemic. (0:48:05) The role of fintech lenders and social networks in the propagation of PPP fraud and the impact PPP fraud had on real estate prices. (0:56:07) Policy implications and recommendations for future financial relief efforts. (0:59:47) John's personal journey and his profound definition of success.   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://x.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://x.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://x.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ Prof. John M. Griffin — https://www.mccombs.utexas.edu/faculty-and-research/faculty-directory/john-griffin/ Episode 260: Prof. James Choi: Practical Finance — https://rationalreminder.ca/podcast/260   Papers From Today's Episode:    ‘Is Bitcoin Really Un-Tethered?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3195066 ‘How Do Crypto Flows Finance Slavery? The Economics of Pig Butchering' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4742235  

We're joined by President Ronald Reagan's Budget Director, David Stockman. He tells us what real estate investors and everyday people need to know. Stockman served as Reagan's Director of Office, Management and Budget from 1981 to 1985. He tells us to expect higher inflation and interest rates for longer, maybe even the rest of the decade. Don't expect rate cuts for a long time. The US is moving toward an unsustainable debt situation, with $100T in public debt expected within twenty-five years. We have embedded deficits. Learn why the recession has been postponed. David also reveals what will inevitably pull the trigger to potentially start the recession. Hint: Household budgets. Pandemic stimulus programs gave citizens $3T. Half of it has now been spent. He was also one of the founding partners of Blackstone. David Stockman tells a story about President Reagan's personal touch with him. You can subscribe to David Stockman's Contra Corner for free here. Resources mentioned: David Stockman's Contra Corner For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach 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 Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) - Welcome to our Ivory Coast, Keith Whitehill. There are some dire warning signs for the future of our economy. We're joined by none other than the father of Reaganomics. To break it down with us. Today is late. President Ronald Reagan's budget director joins us. When is this perpetually postponed recession coming? Why? Inflation and high interest rates could carry on for the rest of the decade. And what it all means to your finances and real estate today on get Rich education.   Robert Syslo (00:00:34) - 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 past real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Wine, who writes for both Forbes and Rich Dad Advisors and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener.   Robert Syslo (00:01:08) - Phone apps build wealth on the go with the get Rich education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates (00:01:19) - 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 (00:01:35) - We're going to drive from Glen Burnie, Maryland, to Glen County, California and across 188 nations worldwide. I'm Keith Reinhold, and you're listening to get Rich education. We're going bigger picture this week before we talk to President Reagan's money guy in the white House. Understand that today's guest was also one of the founding partners of Blackstone, and they are in the real estate business. You're going to get a lot of deep, uniquely qualified insights today. And I'll tell you what's going on around here. Lately, things have been feeling awfully presidential between last week's program and now this week's program. Hey. Stars and stripes forever. Semper fi. Rah! Now, as the greatest detonation in the history of the world, how in the heck are we, as the United States, going to keep financing our debt now, you can think of a treasury, also known as a bond, as an IOU, as we take on debt to fund our government spending programs.   Keith Weinhold (00:02:42) - Really, what we do is issue then these IOUs to the rest of the world and then down the road. We need to pay back these IOU holders, treasuries, holders, whatever we've borrowed with interest on top of that. That's a really simple way to describe how it works. Think of a Treasury as an IOU. Well, we have $9 trillion in treasuries that need to be rolled over at higher interest rates just this year alone. Okay. Well, how does the market look for that sort of thing? Well, a lot like before you decide to sell a piece of real estate, you would want to know how that buyer's market looks. How is the buyer's market for us selling more treasuries, which is basically us issuing more IOUs? How is that world interest level in our treasuries? Well, this is a time when the world is selling treasuries. We're trying to get rid of them. Well, why would they buy more when we keep printing like crazy, debasing the dollars that they will eventually get their treasuries repaid in down the road? Case in point, China is down to just over 700 billion of treasuries that they're holding.   Keith Weinhold (00:04:01) - Well, they were 3 trillion not too long ago, more than four times that Russia and Iran sold all of their treasuries. Other countries are shedding them too, like Japan. It gets even worse than that because the number one holder of our own debt is our own fed. And then it gets even worse than that. Yet, because even our own fed is rolling treasuries off of their balance sheet. So who is going to finance this often irresponsible US spending the 10 trillion or $11 trillion every single year for the next ten years that we have obligations toward already, and it looks like all those are going to be at higher interest rates, too. Now, I am not telling you how to think about us as the United States, for example, sending foreign aid to multiple nations. That's up to you to decide whether it's Ukraine or the Middle East or Taiwan that gets political. And that is beyond the scope of GR. We are an investing show. What I'm saying is that backdrop that I just gave you, that's something that you need to take into consideration, is you weigh those foreign aid decision types.   Keith Weinhold (00:05:20) - Speaking of getting worse, do we at least have competent decision makers today? Now, as we'll talk to the father of Reaganomics here shortly, someone that served in an earlier era. Here's a clip from this era that really went viral lately, but it's apropos to play it here. This is Jared Bernstein today. He chairs President Joe Biden's Council of Economic Advisers. How much confidence does this instill? And remember, this guy chairs the economic advisers to today's president.   Jared Bernstein (00:05:56) - The US government can't go bankrupt because we can print our own money.   Voice (00:06:00) - Like you said, they print the dollar. So why? Why does the government even borrow?   Jared Bernstein (00:06:04) - Well, the, so the I mean, again, some of this stuff gets some of the language that the, some of the language and concepts are just confusing. I mean, the government definitely prints money and it definitely lends that money, which is why the government definitely prints money. And then it lends that money by, by selling bonds. Is that what they do? They they, the.   Jared Bernstein (00:06:34) - Yeah. They, they they sell bonds. Yeah. They sell bonds. Right. Because they sell bonds and people buy the bonds and lend them the money. Yeah. So a lot of times, a lot of times at least to my year with MMT, the, the language and the concepts can be kind of unnecessarily confusing. But there is no question that the government prints money and then it uses that money to so, yeah, I guess I'm just I don't, I can't really, I don't, I don't get it. I don't know what they're talking about.   Keith Weinhold (00:07:08) - Well geez. How's that for clarity and confidence from today's major decision makers on our economy? Gosh. Now, in my opinion, back in 2020, our government, they set up the wrong incentive structure to deal with the pandemic. Remember things like the PGP, the Paycheck Protection Program, remember mortgage loan forbearance and the eviction moratorium. See when that type of aid is given, well, then the result is that citizens don't learn that they need to keep some cash handy, and then that behavior that gets rewarded gets repeated in that behavior is handouts.   Keith Weinhold (00:07:53) - And then the expectation for more handouts. 56% of Americans don't even have $1,000 for an emergency expense. Well, see, they're not really incentivized to in the future. If in a crisis, everyone just gets another taxpayer funded handout, but then see those same people that got that handout get hurt in the long run. Anyway, with the longer run inflation that the handout created, don't let there be one day of austerity for the least prepared American, I guess. Instead, bail them out and add on to everyone's debt load, which you know that right there. That seems to be the playbook. Like that is the protocol of the day that is not responsible, in my view. Now, the minutes of the latest fed meeting, they said that some fed officials would be open to raising interest rates if inflation doesn't let up. I mean, that news alone that sent stocks plunging like they were riding the Tower of Terror, giving the Dow its worst day in a while. I'll discuss that more with the father of Reaganomics, David Stockman, today.   Keith Weinhold (00:09:01) - It's the kind of episode that can stretch your thinking here. Now, what is Reaganomics? Well, one thing that you should know is that it's committed to the doctrine of supply side economics. You probably heard that term before. And really what that's all about is lowering taxes, decreasing regulation, and allowing free trade and what was called the Reagan budget. That's something that his budget director Stockman expected would help curtail the welfare state. And he gained a reputation as a tough negotiator for that. He lives on the Upper East Side of Manhattan today, and it's kind of funny with macroeconomic discussions. You'll notice something here, the word million, that doesn't even come up that much anymore. It's simply a number that is too small. It is more like billion and trillion. And hey, let's see if the term three orders of magnitude above trillion comes up today. Quadrillion, or even the one after that quintillion. Is that where we're going next? We'll see. before we meet David Simon, I've gotten more questions about something, because the national average bank account pays less than 1% on your savings.   Keith Weinhold (00:10:18) - And where do you really get a decent yield on your savings, even beyond the 5% in an online only savings account or a CD, which that does not outpace true inflation? For years now, I've reliably been getting 8%. What I do is keep my dollars in a private liquidity fund. You can do this to your cash generates up to an 8% return. The minimum investment amount is just 25 K, and you keep getting paid until you decide that you want your money back. And the private liquidity fund has a decade plus track record, and they've always paid their investors 100% in full and on time. And I would know this because I am an investor with them myself. So see what it feels like to earn 8%. A lot of other great listeners are any investing involves risk, even dollars at a brick and mortar bank. So to learn more, just text the word family to 66866. Learn more about the liquidity fund. Get 8% interest. Just do it right now while you're thinking about it.   Keith Weinhold (00:11:23) - Text family to 66866. Let's meet David Stockman. A Wall Street and Washington insider and Harvard grad. Today's guest is a former two time congressman from Michigan, a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. Welcome to the show, David Stockman.   David Stockman (00:11:54) - Great to be with you. And, that was a while back. But I think there's some lessons from that time that we would be well advised to try to apply today, that's for sure.   Keith Weinhold (00:12:05) - Well, it's an illustrious title that you'll never shake. It's a pleasure to have you here. And David is a real estate investing show. At times we need to step back and look at the bigger picture. And now on the economy, one seems to get a different answer depending on who they speak with. You have a highly qualified opinion. What do both investors and citizens need to know today about the condition of the American economy?   David Stockman (00:12:29) - I don't think the outlook is very promising, but I think it's important to understand what that means for real estate investors, because the fact is, if you're in real estate and I know many of your listeners or viewers are very knowledgeable and sophisticated, there's really two ways to look at real estate.   David Stockman (00:12:49) - One is as a property that generates a flow of cash or income that is highly reliable, and that you can count on and produces a rate of return on the invested capital that's attractive. That's one way. The second way is that if you invest at the right time, when perhaps interest rates are falling and therefore multiples or cap rates are becoming more attractive and property values are rising rapidly, mainly because of easy money and lower interest rates, then there's a huge opportunity for capital gains. As another way of generating return on capital. But those are two obviously very different tracks. The capital gains route by old invest, improve flip flop the gain and move on or the, you know, income based rent and earnings based, approach to property. Now, I think the reason I went through this is pretty elementary, of course, is that the macro environment is very different between the first strategy and the second strategy. And therefore, the important thing to understand about the macro environment is which environment are you in and is it conducive to strategy a the income strategy or b the capital gains strategy? I would say right now we're totally in an incomes strategy environment, the first route.   David Stockman (00:14:34) - And that's because as we've gone through several decades of easy money, of rapidly rising asset values, of ultra low interest rates, very high multiples, in terms of property values to income that has generated trillions and trillions of capital gains for smart real estate investors. But I think we're out of that environment, and we're in an environment now where we're stuck with massive public debt and deficits. We're stuck with a, central bank that is, basically painted itself into a corner, created so much fiat credit, generated so much liquidity into the economy that now it will be struggling with inflation for years to come. Which means, notwithstanding Wall Street's constant belief that rate cuts are coming tomorrow, there won't be rate cuts for a long time to come. And what we're facing, therefore, there is likely higher rates for longer. A environment in which property values are flat if not declining, and therefore the capital gains route is not going to work very well. But if you have good properties with good tenants and good cash flows and, rental flows, real estate mine works out pretty well.   David Stockman (00:16:05) - But you have to understand the macro environment. And that's one of the things that I work on daily when I, publish my daily newsletter, which is called, David Stockman's Contra Corner.   Keith Weinhold (00:16:19) - You can learn more about Contra Corner, David's blog, before we're done today. David, you have a lot of interesting things to say. There we are in this environment where rates have been higher, longer. It sounds like you believe that is going to continue to be the. Case is rate cuts will be postponed is a little more difficult question. It's some crystal ball stuff. But can you tell us more about that? What can we expect for inflation in interest rates for the rest of this 2020s decade, which has about six years to go?   David Stockman (00:16:48) - There's going to be high rates for most of this decade because we have so much inflation and excess demand built into the economy. We really went overboard, especially after 2020 with the pandemic lockdowns and then these massive stimulus program, something like $6 trillion of added stimulus, was injected into the economy in less than 12 months.   David Stockman (00:17:16) - That created a undertow of inflation that is still with us. And despite all the hopeful commentary that comes from Wall Street, if you look at it year to date, I don't look at just the CPI because the headline number is somewhat volatile and can be pushed and pulled a lot from a month to month based on nonrecurring conditions. But if you look at something called the 16% trimmed mean CPI, it's just the same CPI, but it takes out the lowest 8%, the highest 8% of price observations each month out of the thousands in the market basket. What it does is basically takes the extreme volatility out of the top and the bottom, and gives you a trend that is more reliable if you're looking like on a quarter by quarter or year by year or even multi year basis, well, I mentioned this is important because the trim means CPI is still running at about 4.3% during the first four months of this year to date. That's not a victory over inflation. That's double what the fed says his target is. And frankly, the Fed's target is a little bit phony.   David Stockman (00:18:35) - I mean, what's so great about 2% inflation if you're a saver and your savings are, you know, shrinking by 30% over the course of a decade, so they're going to have a tremendous wrestling match with inflation, not just for a few more months, but I think for several more years in this decade, I don't see the federal funds rate, which is kind of the benchmark rate for overnight money coming down below 5% very soon, or if at all. And that's because with inflation running at 4% or better, if you have a 5% money market rate, you're barely getting a return on capital, especially if you factor in taxes. You know, it's like it's a rounding error and that doesn't work over time. I mean, you're not going to get long term savings. You're not going to get long term capital investment. If the return is after inflation and taxes are either non-existent or negative, as they've been for quite a while. So even though everybody would like to hope we're going back to the good old days of 0% over 90 money or 1% money, which they got so used to over the last couple of decades.   David Stockman (00:19:55) - It was bad policy. It wasn't sustainable. It caused a huge amount of bubbles and distortions in our economy. But once we finally got to the end of that in March 2022, when the fed had to finally pivot and say, yeah, inflation isn't transitory, it's, embedded, we got to do something about it. People think we're going right back to where we were, and that's the key thing to understand. We are not going right back to where we were, in part because of all this inflation business I've talked about, but also in part because they got so used to borrowing money on Capitol Hill and practically zero interest rates that they are now, you know, they have built in deficits of 2 trillion or more a year. And, we are going to be pushing into the bond pits, massive amounts of new government debt. There's no consensus to do anything about it. You know, if the Republicans talk about reforming the entitlements, the Democrats say you're throwing grandma out the snow. If the Democrats talk about raising revenue, the Republicans talked about, you're going to get slaughtered with higher taxes.   David Stockman (00:21:12) - And then everybody's for more wars and more defense and the bigger and bigger national security budget. And that's all she wrote. If you don't do with revenue, you don't do it national defense and entitlements. The rest of it is rounding errors. And so we're stuck with these massive additions to the debt. Now, everybody knows the public debt. Is 34 trillion. Ready? Yeah. What I'd say they don't understand is that by the end of this decade, you ask about the decade, right? Will we close to 60 trillion of debt. And, if you look at the last CBO, projection they do every year at long term projection, and CBO actually is more optimistic than it is warranted in any way. In other words, their long term assumptions I call rosy scenario. There's no more recessions for the next couple of decades. Inflation is well-behaved, interest rates stay low. Full employment lasts indefinitely and forever. Well, this doesn't happen. Look at the real world. Over the last 20 or 30 years, we've been all over the lot.   David Stockman (00:22:18) - So if you look at the CBO forecast, which is I'm just saying here is exceedingly optimistic. They never are the less are projecting that the public debt and they don't even write this number down in their report because it's too scary, will be $100 trillion before the middle of this century.   Keith Weinhold (00:22:41) - That's a.   David Stockman (00:22:42) - Trillion. Yeah. Now, if you ask people today who are market savvy, I like a lot of your viewers. Where are the Treasury bills, notes and bonds today? Well, if you average it all out, it's about 5%. I don't think it's going to come down much. It'll vary a little bit up and down over time, but let's just say it stays at 5%. That means the carry cost of the public debt of a couple decades will be 5 trillion a year. The interest okay. It's staggering. That's almost as much as the whole federal budget is spending this today at, you know, about 6.6 6.7 trillion. So that's where we're heading, a massive debt crisis because they built in a structural deficit that the politicians and I call it the unite party.   David Stockman (00:23:33) - They fight about silly things, but they agree on the big things which are leading to this outcome. The unit party has no ability to do anything about this structural deficit or the march from the 34 trillion that we're at today to 60 trillion by the end of the decade, and 100 trillion of public debt by mid-century. Now, for a real estate investor, that's probably the most important number you're going to hear. You know, at least this week or maybe this month or even this year, because what it means is that the amount of new government debt flowing into the bond pits, that'll have to be financed and that can't be monetized by the fed anymore because there's too much inflation, is going to put constant, enormous pressure upward on interest rates. And of course, higher interest rates mean lower property values. That's just basic real estate math. That's the environment we're heading into, which means good properties with good income and good rental flows are really the only way to go.   Keith Weinhold (00:24:55) - Yeah, well, there's an awful lot there.   Keith Weinhold (00:24:57) - And with this persistent higher inflation that you expect, the way I think about it is the higher the rate of inflation, the more that moves a person's dollars out of a savings account and instead out onto the risk curve. Well, David alluded to a problematic economy. We're going to come back and talk about more of those warning signs and what you can do about it. You're listening to Get Resuscitation, the father of Reaganomics and Ronald Reagan's budget director, David Stockman, I'm your host, Keith Reinhold. Role under this specific expert with income property, you need Ridge Lending Group and MLS for 256 injury history from beginners to veterans. They provided our listeners with more mortgages than anyone. It's where I get my own loans for single family rentals up to four Plex's. Start your pre-qualification and chat with President Charlie Ridge. Personally, they'll even customize a plan tailored to you for growing your portfolio. Start at Ridge Lending group.com Ridge lending group.com.   Speaker 7 (00:26:06) - This is author Jim Rickards. Listen to get Rich education with Keith Reinhold and don't quit your day dream.   Keith Weinhold (00:26:23) - Welcome back to Get Ready. So we're talking with the father of Reaganomics. His name is David Stockman, President Reagan's budget advisor. David, you've been talking about a problematic economy and places we can look and the outcomes that that can create. Why don't we talk about some more of those where we're here in a period where we feel like it's an official recession postponed, for example, are there other places that we should be looking? Is it the sustained inverted yield curve that we had for almost two years, the longest one ever, and a Great Recession predictor? Or is it that we're on the precipice of implosion from a debt to GDP ratio that's at 122%. It actually spiked to 133% when Covid first hit. Or for example, is it something and you've already touched on it a bit, is it more of that federal spending on our debts, interest payments alone each year, which had almost $900 billion for that interest line item that now even exceeds the massive $800 billion that we spend each year on national defense, or should we be looking at somewhere else? So what's out there that's really problematic and what's overblown?   David Stockman (00:27:28) - Okay.   David Stockman (00:27:29) - That's great. And all of those things you mentioned you should be looking at, it depends on your time frame. But I think on the initial question, where is this postponed recession? Why hasn't that happened? The place to look is somewhere that I think most Wall Street analysts aren't focused on, but they should be. And that's a series published by the Federal Reserve that tracks household balance sheets, in other words, liabilities and assets. But there's a particular series that I think is critically important to look at, and it's basically bank deposits, checking account savings accounts plus money market funds. This is all the liquid cash accounts of the household sector, not long term investments in real estate or stocks or bonds, but the short term money. It's the spendable money that households have now, what happened during the pandemic and lockdowns. And then the 6 trillion Is stems that were injected into the economy, like some kind of fiscal madness was going on in Washington, created a total aberration in the amount of cash in the economy, in the household sector, in these accounts that I just mentioned, normally right before the lockdown started and the stimulus was injected, you know, the level of cash accounts was about 12 trillion.   David Stockman (00:29:00) - Within two years it was up to 18 trillion. And normally that cash balance grows about the same rate as the economy. In other words, as incomes go up, people save a small share of their income that goes into various bank accounts. There tends to be a lock step relationship. But what happened during that two year period was there was so much extra cash sent out to the households with the $2,000 checks in the $600 a week extra stimulus money, and then the, trillions that went, you know, for things like the Small Business Administration loan program, which was all forgivable, was about almost upwards of $1 trillion. You know, we could itemize all the others. But this enormous government, unusual cash flow into the economy added to these bank accounts enormously. And then something else happened. The geniuses in Washington, led by Doctor Fauci, decided to shut down half of the service sector, the economy. I'm talking with restaurants and bars and gyms, malls and movies and and all the rest of it.   David Stockman (00:30:09) - So all of a sudden, the normal money that people would have been spending on the service venues, which is a big part of total spending, was stopped. It was kind of forced into artificial savings, sort of government mandated savings. Now, if you put the two together, there was about 2 trillion, extra transfer payments sent out to the public during that two year period. And there was a little over a trillion of normal service spending, restaurants in, etc. that didn't happen because there was a closed sign on the door, compliments of Doctor Fauci, or people were scared to death to go out because, you know, they created all this fear that Covid was some form of black death, which it really wasn't for 95% of the population. In any event, if you put the extra free stuff from the government, 2 trillion and the for savings because of these lockdowns, trillion, you have 3 trillion of unusual cash that flowed into the economy on top of the normal production. Income and profits and spending that would have otherwise gone on.   David Stockman (00:31:26) - Now that 3 trillion temporarily ended up in this account, that I'm just talking about the cash balances of the household sector and its peak, there was about 2.8 trillion extra compared to what would been be the normal case in a regular economy. In a normal economy, that money has been slowly spent down by the household sector, even as the fed has tried to put the screws to the economy. In other words, there was so much extra cash in the system that even as the fed raised interest rates from 0 to 5% and did their darndest to slow things down, all of that excess that was built up during the pandemic period was available to spend. It was spent. And here's the key point. About half of it is now been spent. In other words, there's only about a trillion and a half of the nearest 3 trillion left. Now that is what's delayed the recession. If that big, massive 3 trillion nest egg had been there and the fed began to push rates up as it normally did in a normal cycle, we would have been in recession months ago.   David Stockman (00:32:41) - But what has delayed or deferred the recession is this, cushion, this huge macro piggybank of cash that the government inadvertently or adversely is the case may be generated, during the pandemic period. So that's new. See that? Nobody looks at that because normally it's not a factor. You know, the cash balances are a pretty, prosaic, neutral part of the economy. They're not where you look for the leading edge of where the cycle was going or where new developments may turn up tomorrow. But this time, because of this total aberration of what happened to government transfer payments plus the lockdowns, we have a, X factor, let's call it in the macro picture that is confusing people. It's leading a lot of people to abdicate this no landing scenario. In other words, you know, there's not going to be a recession. We're just going to go on to bigger and better things. And, the fed will get inflation under control and then we can be back to happy times again. No, they're missing.   David Stockman (00:33:56) - The elephant in the room is this massive aberrational unusual one time cash balance that was, generated by these policies. And that still has a little ways to go now. I think at the rate it's being run down, you can almost calculate it a couple hundred billion dollars, a quarter sometime next year, all of that extra cash will be out of the system. And then people will be back to spending only what they're earning. And frankly, earnings they're not. I'm talking about wage and salary earnings, are advancing barely at the inflation rate at the present time. So when we get back to about zero real growth in earnings, we're going to finally see the recession.   Keith Weinhold (00:34:45) - I think one of the big takeaways here is that all these artificial economic injections really take time to unwind.   David Stockman (00:34:56) - Exactly. You have to look at, you know, they always say, well, when the government changes policy, fiscal policy, you tighten or you loosen or monetary policy they raise or lower interest rates. They got QE or they got cute putting money in or taking money out that there's lag and lead times in all of this.   David Stockman (00:35:18) - The problem is, none of the great economic gurus who talk about this really know whether the lag time is 12 months, 25 months, 50 or 5, and it varies. I mean, the circumstance has changed so much in a world GDP of 104 trillion, a domestic economy with 28 trillion of GDP, and all the complex factors that are moving back and forth in today's world, especially as it's enabled by technology and global trade and the internet and all the rest of it, nobody knows the lag times. And as a result, it's very hard to predict when the, brown stuff is going to hit the fan, so to speak. On the other hand, you don't have to know the exact date. You really need to understand the direction, the flow of things. And if you're in an environment that isn't sustainable because you're borrowing like crazy or interest rates or artificially. Low or stock price multiples are way the L2 ie or cap rates on real estate or you know, abnormally low. Then what you have to say is we're going to a different state.   David Stockman (00:36:35) - It's not going to be as conducive as the current state, and we have to be prepared for it, even if we are not sure whether that's 12 months from now or 24 months. But it's going to change. So one thing you can be sure of, there is a famous economist back in my day when I worked on Capitol Hill earlier on, he was Nixon's chief economic adviser in the early 70s. And he famously formulated an aphorism, I guess, which said anything that is unsustainable tends to stop. Okay, that's what I know about the lag times. We're in unsustainable financial, fiscal and monetary environment. And the trends that it has given rise to are going to stop and and not in a good way.   Keith Weinhold (00:37:24) - He even fed Chair Jerome Powell has confessed as much as that. This situation is indeed unsustainable, the exact word that he used. Well, David, this has been great in winding down as Ronald Reagan's budget director. Can you share any anecdote, story or quote from you spending time personally with Ronald Reagan? And the reason I ask is because he is perhaps the most revered president of the past few generations.   Keith Weinhold (00:37:52) - That might mean a lot to our listeners here.   David Stockman (00:37:54) - He should be revered, and not only because he was a great president and a great communicator, and did a lot of important things in policy. Some of them got implemented, and a lot of them were frustrated by Washington and the politicians and the Democrats and everybody else. But also, he was a great human being. And my story about that was when I was budget director, in the fifth year of the Reagan administration, we had our first child, and my wife was in the hospital. At that point in time, President Reagan was in Europe on a very important big international, series of meetings. But, somebody in the white House told him that our daughter had been born. And so he took the time out of his schedule for a call from Germany, the hospital where my wife was, and said he would like to talk to her and, congratulate us on our new arrival. But my wife was in a room with another, a new mother.   David Stockman (00:38:53) - She the other person answered the phone and she said to my wife, there's some joker on the phone with President Reagan. And sure enough, he was there. and he took the time to congratulate my wife. And, so that's the kind of, person he was. He really was a great human being.   Keith Weinhold (00:39:13) - Wow. Yeah. That really shows that he can still be warm and heartfelt, even while doing some key international negotiations there. Potentially. Well, we mentioned it earlier. I can tell you, the audience, that David is a regular author and contributor to his Contra Corner blog and letter, and you can get access to that for free. This is information coming from the father of Reaganomics to you. If you think you would find it a value. David, tell us how our audience can connect with you there.   David Stockman (00:39:44) - Just Google David Stockman Contra corner I publish, I have a website, issues a newsletter every day. It comes automatically in the email. I also have a Substack version. You can sign up for either one, the email from my site or from Substack.   David Stockman (00:40:02) - And every day we try to publish something on these issues that we've been talking about. One day it might be Wall Street, another day it might be Capitol Hill, another day it might be, you know, the war in Ukraine. All of these things matter. All of these things influence the environment that investors have to function in. So we try to comment on a variety of those issues based on, you know, the long experience that I've had, both not only in Washington, but also I was on Wall Street, for about 20 years. I was one of the founding partners of Blackstone, for instance. And we were in the real estate business in a major way, even then.   Keith Weinhold (00:40:44) - Well, we absolutely love that. And I sure am appreciative of your time. It was great connecting with you. And thanks for being on the program today, David.   David Stockman (00:40:53) - Very good. Enjoyed it.   Keith Weinhold (00:41:01) - Yeah. Deep insights from the father of Reaganomics. Stockman thinks we'll be struggling with inflation for years to come.   Keith Weinhold (00:41:08) - There won't be rate cuts for a long time. He sees real estate values as flat or declining, so have good tenants with steady income streams. Of course, in our favoured real estate segment here, residential 1 to 4 units where you can get 30 year fixed rate debt. Higher mortgage rates tend to correlate with higher prices, just like it has for the last three years and almost every period before that too. But there could be more pain for the commercial sector then, and assets that are tied to floating rate debt. And if you're aligned with David Stockman on that, you might want to look at your helocs, because after a fixed rate period, their rates tend to float along with the fed funds rate. So be cautious with Helocs and ask David for specifics. He doesn't see the federal funds rate coming down below 5% anytime soon, and you probably know that is the interest rate that a whole bunch of other interest rates are based off of. And that rate is currently at about 5.3%. By the way, there is projected to be more than 100 t more than $100 trillion of public debt before the middle of this century.   Keith Weinhold (00:42:22) - That's less than 25 years away. I mean, these figures just become unfathomable sometimes. Pandemic wrought inflation that really occurred due to this greater supply of dollars that was introduced chasing a reduced supply of goods. And there were fewer goods because people got paid to stay at home not producing anything. Plus, what had been produced often could not be shipped either. David discussed the 16% trimmed mean CPI, and I've got to say, as much as I am a student devotee in studying inflation, I had never heard of that from his vantage point to find recession signs, look at household balance sheets and what's delayed the recession is that those pandemic measures put an extra 3 trillion bucks into households, and households still have about 1.5 trillion left to spend, which could further delay a recession. He projects that it's sometime next year that all of that extra cash will be out of the system. When you talk to how many people got this recession predictions so horribly wrong? Back in October 2022, Bloomberg Economics forecast a 100% chance of a recession by the following fall, which is almost a year ago now.   Keith Weinhold (00:43:48) - Well, a 100% chance that left no room for anything else to happen. And they really whiffed on that one. Now, you know, I've got to add something here. A personal note if I can, but I'll give you a lesson along with it. And that is that at times like today, where I found myself one degree of separation from one of the most revered presidents in all of American history, I sometimes have some difficulty understanding how I keep having the opportunity to share time with people like today's guest. Now, I'm certainly not a PhD economist. And in fact, on the flip side, I've also never been a person that's been so poor and destitute that I was dying of hunger. But I do come from a modest place. When I flew the coop and left my parents home, I rented my first pathetic place to live a $325 a month pool house in the back of my landlord's property at 852 Spruce Avenue in Westchester, Pennsylvania. Yeah, a pathetic little pool house right next to the landlord's swimming pool.   Keith Weinhold (00:45:04) - I mean, I was living really pathetically there for a while as I was struggling just to do things like find gainful employment and figure out the world and find a steady income. Yeah, it was 325 a month plus electric and the one small heater that was there, it was electric and it was really expensive to run. And on the coldest days, it wouldn't even adequately heat my pathetic little pool house that I ended up living in for 18 months. And just because I couldn't figure a way out of that situation for a while, I mean, I was too ashamed to ever bring a girl back there to that sad pool house. It was just one sink for the whole place. Combined kitchen and bathroom sink in the bathroom. I mean, most of my friends, they got their driver's license at age 16 and they soon had their own car. I didn't own a car until I was aged 22 or 23, and it's not because I lived in an urban area and walked. Everywhere use public transit there in Pennsylvania.   Keith Weinhold (00:46:02) - It just took me a long time to afford a beater car and pay for insurance. I really needed a car and couldn't afford one. So really my point here is that sometimes I have to wonder how I got here from there. And I think what it is is taking an interest in real estate and investing. And despite just having a humble bachelor's degree in geography, it's really about becoming an autodidact, meaning self-taught. And it's easy to teach yourself when you find what interests you. And let me point to two other things besides adopting an auto didactic ethic to help me turn the corner into being in a place where I can have conversations like the one that I've had today. It was getting around aspirational friends. Like I've mentioned before, that showed me how I can start with a bang buy with little money. On my first home, I could put a 3.5% down payment on a fourplex, live in one unit and rent out the other three. And I will give myself some credit for doing those things. And then really, the third thing is that stroke of luck element, like just 4% of world inhabitants have been.   Keith Weinhold (00:47:15) - I was one of that 4% that was born in the United States. And then I had two great, married, stable, supportive parents to cultivate the right environment for me. And well, today was just one of those days where I sort of nudged myself and I'm glad that it happened. Most importantly, I trust that you got value from today's show and that you do every single week here. Check out David Stockman's Contra Corner. Next week, we'll look for signs of distress in real estate as we delve inside the foreclosure market and how you can find discounted deals there. Until then, Idaho's Keith Wayne hold don't quit your day trip.   Speaker 8 (00:48:02) - 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. The.   Keith Weinhold (00:48:30) - The preceding program was brought to you by your home for wealth building.   Keith Weinhold (00:48:34) - Get rich education.com.

More than four years after the COVID-19 pandemic began, stories of regular people and their ill-fated schemes to exploit pandemic aid programs continue to emerge. In this episode, Caleb and Greg discuss some of the cases featured in the 2024 COVID-19 Fraud Enforcement Task Force Report.SponsorsG-Accon - https://ohmyfraud.promo/gacconKeeper - https://ohmyfraud.promo/keeperBlue Onion - https://ohmyfraud.promo/blueonionHOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources:COVID-19 FRAUD ENFORCEMENT TASK FORCE 2024 REPORT [DOJ]How to Catch Pandemic Fraud? Prosecutors Try Novel Methods. [NYT]MarylandPrince George's County Man Pleads Guilty to a Federal Wire Fraud Conspiracy to Obtain Over $750,000 in COVID-19 CARES Act Loans and Unemployment Insurance Benefits [DOJ]Prince George's County Man Pleads Guilty To A Federal Wire Fraud Conspiracy To Obtain Over $1 Million In Covid-19 Cares Act Loans And Unemployment Insurance Benefits [DOJ]Prince George's County Man Sentenced to Seven Years in Federal Prison for a Conspiracy to Obtain Over $1 Million in COVID-19 CARES Act Loans and Unemployment Insurance Benefits [DOJ]FloridaSeventeen Broward Sheriff's Office Employees Charged with COVID-19 Pandemic Relief Fraud [DOJ]Broward Sheriff's Office deputy convicted at trial of COVID-19 relief fraud [DOJ]Florida Deputies Charged With Defrauding Covid Funds of Nearly $500,000 [NYT]Former Broward Sheriff's Office deputy sentenced for Paycheck Protection Program fraud [Local10]South Florida Man Sentenced to Prison for Covid-19 Relief Fraud, After Buying Jewelry and Luxury Cars with Loan Money [DOJ]Miami woman sentenced to 70 months in prison after using COVID-19 funds to gamble and launder money [DOJ]Alpaca FarmFormer North Shore Pizzeria Owner Sentenced to Two Years in Prison for COVID Fraud [DOJ]Man Gets 2 Years in Prison for Spending Pandemic Money on Alpaca Farm [NYT]FinalNew Jersey Tax Preparer Charged in COVID-19 Employment Tax Credit Scheme [DOJ]CFO, Controller, Corporate Officers Charged in $53 Million Fraud Scheme Involving Pandemic Relief [DOJ]Former Florida State Representative Sentenced To Federal Prison For Wire Fraud, Money Laundering, And Making False Statements In Connection With COVID-19 Relief Fraud [DOJ]

The pandemic is tough for Victor's small business, but the loan he receives from the Paycheck Protection Program is a lifeline. Years later, he receives a call from someone claiming to be from the sheriff's office. The caller says Victor's loan application has been flagged as fraudulent and he must pay the money back right away or face arrest. Victor doesn't realize that his loan information is public and easily accessible to scammers, who use it to their advantage.

April 21, 2020Oil ​drops ​below ​zero, ​Judge ​Reggie ​Walton ​is ​reviewing ​the ​unredacted ​Mueller ​report; ​Allison speaks with ​Frank ​Figliuzzi ​about ​Trump's ​acting ​DNI ​declassifying ​footnotes ​from ​the ​Department ​of ​Justice ​Inspector ​General ​report ​on ​the ​Carter ​page ​FISA; large ​businesses ​drained ​the ​Paycheck ​protection ​program ​meant ​for ​small ​businesses; ​Trump's ​COVID ​testing ​czar ​has ​a ​shady ​past; the ​GAO ​is ​conducting ​coronavirus ​oversight, ​and ​our ​own ​Department ​of ​Justice ​has ​removed ​antitrust ​concerns ​from ​makers ​of ​hydroxychloroquine.Plus Allison and Jordan deliver your Good News.Frank Figliuzzihttps://twitter.com/FrankFigliuzzi1FrankFigliuzzi.com Live Show Ticket Links:https://allisongill.com (for all tickets and show dates)Sunday, June 2nd – Chicago IL – Schubas TavernFriday June 14th – Philadelphia PA – City WinerySaturday June 15th – New York NY – City WinerySunday June 16th – Boston MA – City WineryMonday June 17th Boston, MA https://tinyurl.com/Beans-Bos2Wednesday July 10th – Portland OR – Polaris Hall(with Dana!)Thursday July 11th – Seattle WA – The Triple Door(with Dana!)Thursday July 25th Milwaukee, WI https://tinyurl.com/Beans-MKESunday July 28th Nashville, TN - with Phil Williams https://tinyurl.com/Beans-TennWednesday July 31st St. Louis, MO https://tinyurl.com/Beans-STLFriday August 16th Washington, DC - with Andy McCabe, Pete Strzok, Glenn Kirschner https://tinyurl.com/Beans-in-DCSaturday August 24 San Francisco, CA https://tinyurl.com/Beans-SF Listener Survey:http://survey.podtrac.com/start-survey.aspx?pubid=BffJOlI7qQcF&ver=shortFollow the Podcast on Apple:The Daily Beans on Apple PodcastsWant to support the show and get it ad-free and early?Supercasthttps://dailybeans.supercast.com/OrPatreon https://patreon.com/thedailybeansOr subscribe on Apple Podcasts with our affiliate linkThe Daily Beans on Apple Podcasts

This Day in Legal History: The Trial of GalileoOn April 12, 1633, a pivotal moment in the annals of legal and scientific history unfolded as Galileo Galilei faced the Roman Catholic Church's formal inquisition on charges of heresy. This trial was not merely a religious condemnation but a significant clash between emerging scientific ideas and established ecclesiastical doctrine. Galileo, by advocating the heliocentric theory that posited the sun at the center of the universe—a view first propagated by Copernicus—directly challenged the Church's geocentric model, which placed Earth and, by extension, humanity, at the cosmos' core.The inquisition's core accusation was that Galileo held "as true the false doctrine taught by some that the sun is the center of the world," in stark contradiction to the theological view that emphasized Earth's central position. This confrontation was not just about celestial mechanics; it was fundamentally about the authority to define truth. The trial, therefore, was as much a legal battle over doctrinal correctness as it was a referendum on intellectual freedom and the role of evidence in shaping belief.Found "vehemently suspect of heresy," Galileo's conviction was a foregone conclusion given the Church's powerful influence over societal norms and scientific discourse at the time. His sentence to life imprisonment was a stark message to the intellectual community about the limits of inquiry. However, perhaps recognizing the harshness of this penalty or the potential for backlash, his punishment was later commuted to house arrest.During his house arrest, Galileo continued his scientific work, demonstrating a resilience and commitment to knowledge that would posthumously vindicate his theories. It wasn't until centuries later, however, that the Church would formally acknowledge the error in its judgment against Galileo. In 1992, Pope John Paul II officially conceded that the Church had erred in condemning Galileo's support for heliocentric theories.This episode serves as a critical reflection point on the interplay between law, power, and knowledge. Galileo's trial underscores the dangers of legal systems enmeshed with doctrinal control and highlights the enduring struggle between innovation and orthodoxy. It remains a poignant example of the need for legal frameworks that protect and promote intellectual freedom, emphasizing that the pursuit of truth should guide both scientific inquiry and legal principles.The $20 billion allocated from the White House to fight climate change through the Greenhouse Gas Reduction Fund aims to enhance the nation's clean financing capabilities while managing financial risks carefully. This fund is intended to catalyze up to $150 billion in private investments for clean energy projects and other initiatives to decarbonize the economy, prioritizing both greenhouse gas reduction and benefits to disadvantaged communities. However, these investments carry inherent risks, which have garnered scrutiny from congressional Republicans, who are vigilant for any signs of failure or financial missteps to politicize the issue.Sophie Purdom from Planeteer Capital notes the low threshold for political controversy, even if only a few investments do not perform as expected. Meanwhile, Beth Bafford of the Climate United Fund, which received the largest grant, emphasizes her organization's long-standing expertise in distinguishing between real and perceived risks and structuring financial transactions accordingly. This approach is aimed at enabling aggressive action towards achieving net zero emissions without jeopardizing financial sustainability.The discussion extends beyond financial returns, highlighting the potential for broader economic benefits, especially in underserved communities. For instance, investments are planned in areas like on-site solar, building decarbonization, and bringing electric vehicles to disadvantaged areas. The Climate United Fund alone plans to deploy significant capital towards these ends, leveraging their extensive experience in financing similar projects.Comparisons are drawn with other federal initiatives like the Paycheck Protection Program, where community development financial institutions played a crucial role with minimal risk of loss, suggesting a blueprint for successful deployment of the climate funds. Despite concerns about fraud which affected previous federal programs, advocates like Jessie Buendia from Dream.org suggest bolstering EPA staffing and education on using blended capital to mitigate risks and maximize the impact of investments.The political landscape remains contentious, with Republicans actively opposing the fund, citing concerns over waste and the influence of foreign supply chains. Yet, there is a call for bipartisan support to foster clean, thriving communities across all states, pointing towards a need for collaborative efforts between the government and the private sector for transformative market changes.Climate Lenders With $20 Billion in Grants Weigh Risk and RewardWinston & Strawn emerged as the top legal biller for the Major League Baseball Players Association (MLBPA), which significantly reduced its legal expenses to $1.7 million in 2023 after finalizing a new collective bargaining agreement. This figure marks a substantial decrease from the $3.7 million spent in the previous year during intense negotiations following a three-month league lockout. The legal fees covered a range of services, with Winston earning approximately $264,000 for salary arbitration work, signaling its longstanding role as a key advisor to the MLBPA.Following Winston in billing were several other prominent firms, including Latham & Watkins and Boston-based Hemenway & Barnes, with respective payments of $176,000 and $147,000. Additional significant contributions came from Weil, Gotshal & Manges and Sidley Austin, highlighting the diverse array of legal expertise enlisted by the MLBPA.The reduction in legal costs coincided with a major expansion of the MLBPA, which saw its membership grow from 1,200 to about 6,000 as minor league players were incorporated. This expansion suggests a broadening of the union's scope and responsibilities, potentially influencing its legal and operational strategies.Internally, the MLBPA faced discontent from some players critical of the union's direction and leadership under Executive Director Tony Clark and Chief Labor Negotiator Bruce Meyer. Clark's compensation nearly doubled over the past year, which, coupled with the union's strategic decisions, has fueled some unrest among members.The legal team at the MLBPA also saw changes, with significant salaries for roles such as the new general counsel and other senior positions, reflecting the union's complex legal and operational environment. Moreover, the MLBPA engaged other legal and advisory services, including risk analysis and lobbying efforts, to support its broadening agenda.Overall, the MLBPA's legal expenditures reflect its strategic navigation through labor negotiations, membership expansion, and internal challenges. The focus on managing both high-profile and routine legal matters underscores the critical role of legal counsel in supporting the union's evolving needs and ambitions in the dynamic landscape of professional sports.Winston, Latham Top Big Law Billers for Fractious Baseball UnionThe influence of U.S. News & World Report's law school rankings appears to be diminishing, evidenced by a significant decrease in web traffic for leaks of the rankings and a widespread boycott by law schools. Mike Spivey, a law school admissions consultant, noted a 50% drop in traffic when he published the top 25 law schools a week ahead of U.S. News' official release. This decline in interest is linked to recent controversies, including data errors in the previous year's rankings and a boycott that started in 2022, with 53 out of 197 American Bar Association-accredited schools refusing to submit data.Despite these challenges, the rankings still generate considerable attention, as noted by Staci Zaretsky from Above the Law, although the level of interest has waned compared to past years. A survey conducted by Kaplan Test Prep revealed mixed sentiments among law school admissions officers regarding the prestige of the rankings, with a majority acknowledging a loss in prestige over recent years.U.S. News has responded by adjusting its ranking methodology to de-emphasize LSAT scores and grades in favor of employment outcomes and bar pass rates. This change reflects broader concerns within the legal academy about the impact of ranking methodologies on financial aid distribution and academic priorities.The discussion around the rankings highlights a shift in priorities among law school applicants, with more emphasis being placed on employment outcomes rather than ranking positions. Spivey's own firm, which conducts rankings analysis, benefits from the ongoing relevance of the rankings, yet he advocates for greater transparency and meaningfulness in how the rankings are formulated and presented. This evolving perspective among stakeholders suggests that while the U.S. News rankings continue to influence applicant decisions to some extent, their dominance and credibility are increasingly being questioned within the legal education community.After setbacks, U.S. News law school rankings show signs of waning influence | ReutersEpic Games has called for significant reforms to Google's Play Store, following a jury's decision that Google had abused its dominant position in the Android app market. In a recent court filing, Epic suggested that the Play Store should allow third-party app stores and limit Google's agreements with device makers that prevent the preloading of alternative stores. These recommendations were part of a proposed injunction submitted to U.S. District Judge James Donato in San Francisco, who oversaw the antitrust trial concluding with a verdict against Google in December.Epic's proposal does not seek monetary damages but aims to alter Google's practices to foster greater competition. Specifically, Epic wants to prohibit Google from restricting how apps inform users about purchasing options outside of the Google Play Store. This move is part of a broader challenge against major tech companies' control over app distribution and transaction processes.While Google has denied any wrongdoing and defended its app store policies, it has been compelled to make concessions in the face of legal pressures. In December, alongside the jury verdict, Google agreed to a $700 million settlement addressing allegations related to its Play Store restrictions. Moreover, Google introduced "choice billing" as an alternative for in-app purchases in the U.S., allowing developers more flexibility.The case against Google could extend for years, especially as Google plans to appeal the December verdict and potentially challenge any reforms mandated by Judge Donato. This legal battle mirrors a similar ongoing dispute between Epic Games and Apple, emphasizing Epic's broader strategy to challenge the app distribution monopolies held by tech giants. The outcomes of these cases could have significant implications for the app development industry and consumer choice in digital marketplaces.Epic Games proposes Google app store reforms after antitrust win | ReutersThis week's closing theme is by Ludwig van Beethoven.Ludwig van Beethoven, born in 1770 in Bonn, Germany, stands as a monumental figure in the history of Western music. His works span the transition from the Classical period to the Romantic era in music and continue to be revered for their depth and innovative qualities. Beethoven was a virtuosic pianist and composer who was known for his profound ability to convey emotion and intellectual depth through his compositions. Despite suffering from progressive hearing loss that eventually led to complete deafness, Beethoven's relentless dedication to music allowed him to compose some of the most celebrated pieces of all time.Among his extensive body of works, Beethoven's symphonies particularly stand out, with each contributing uniquely to the evolution of the genre. His Symphony No. 6 in F Major, Op. 68, known as the "Pastoral Symphony," is an exemplary piece that depicts the composer's love for nature. Unlike many of his other symphonies, which are driven by dramatic heroism, the Pastoral Symphony is filled with warmth and expressions of the joy and peace Beethoven found in the countryside. This symphony is programmatic, meaning it intentionally evokes scenes or nature images, showcasing Beethoven's deep reverence for the natural world.The "Pastoral Symphony" is divided into five movements, each describing a different element of rural life. Of particular note is the first movement, marked "Allegro ma non troppo," which translates to "Lively, but not too much." This movement, titled "Awakening of cheerful feelings on arrival in the countryside," beautifully sets the stage for a symphonic expression of a day in the countryside. It starts with a leisurely pace that suggests the gentle unfolding of a landscape bathed in the rejuvenating light of spring. The melody is simple yet expressive, with flowing lines that mimic the tranquility of nature, perfectly capturing the essence of spring's awakening.In this movement, Beethoven uses a sonata form to explore musical themes that suggest the freshness of the season, the rustling of leaves, and the bubbling of streams. The development section weaves these elements together, creating a rich tapestry of sound that feels both vivid and idyllic. This movement not only sets the tone for the entire symphony but also offers listeners a sonic escape into the peacefulness and renewal that characterizes spring. Through the "Pastoral Symphony," particularly in the allegro of the first movement, Beethoven invites us to share in his reverence for nature and experience the restorative powers of the natural world.Without further ado, Ludwig van Beethoven's Pastoral Symphony, Allegro movement. Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

Financial Advisor Jayson Thornton, CFP -- REACTS -- An Atlanta lawyer and business owner previously employed by the city as a police officer and attorney was found guilty Tuesday of defrauding the federal government out of more than $7 million in Paycheck Protection Program funds. Prosecutors alleged Shelitha Robertson used the funds her businesses received to buy a Rolls-Royce car, a motorcycle, and a 10-carat diamond ring for $148,000, among other things. Are you looking for ways to improve your financial life? If so, this is the channel for you! On this channel we'll teach you how to live a successful life by learning how to save, payoff debt and invest. We'll start by explaining the basics of money management and financial planning, and then move on to more advanced topics like investing and retirement planning. Subscribing to Pocket Watching with JT and following his tips, you'll have everything you need to live a financially successful life. FREE Consultation! https://www.thorntonadvisor.com/free-... Got Money Questions? Ask JT https://www.pocketwatcher.net/ FREE Finance Course - Pocket Watcher Academy https://pocketwatcher.teachable.com/p... Pocket Watcher MERCH! https://pocketwatcher.myspreadshop.com/ Get a Personal Financial Plan! https://forms.gle/JepACZCMpmyUT1po6 Need Tax DEBT Help? https://forms.gle/XQpJLs2E7RrXNEz66 Book a consultation at https://www.pocketwatcher.net/ Call-In Financial Talk Show hosted by Financial Advisor Jayson M. Thornton, CFP. Pocket Watching with JT is all about giving you smart money tips to help you reach your financial goals! Disclaimer Financial Coaching during Livestreams is NOT personal financial advice, No CFP-Client relationship is established by calling into the show or submitting a question by email or text. Cash App $PocketWatcherJT email PocketWatcherJT@gmail.com Follow ig @JTPocketWatcher Twitter @JTPocketWatcher Certified Financial Planner owned by POCKET WATCHER LLC

Financial Advisor Jayson Thornton, CFP -- REACTS -- Broward County Sheriff Gregory Tony joined federal law enforcement officials Thursday for a news conference announcing the arrests of more than a dozen Broward Sheriff's Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans. 17 employees, who work as either sworn law enforcement deputies or jailers, are slated to face federal charges. All are being charged separately with PPP wire fraud, except for Dunkley, who is being charged with conspiracy to commit wire fraud. The 17 charged collectively took just under $500,000 from the federal government, U.S. Attorney for the Southern District of Florida Markenzy Lapointe said. Are you looking for ways to improve your financial life? If so, this is the channel for you! On this channel we'll teach you how to live a successful life by learning how to save, payoff debt and invest. We'll start by explaining the basics of money management and financial planning, and then move on to more advanced topics like investing and retirement planning. Subscribing to Pocket Watching with JT and following his tips, you'll have everything you need to live a financially successful life. FREE Consultation! https://www.thorntonadvisor.com/free-consult Got Money Questions? Ask JT https://www.pocketwatcher.net/ FREE Finance Course - Pocket Watcher Academy https://pocketwatcher.teachable.com/p/home Pocket Watcher MERCH! https://pocketwatcher.myspreadshop.com/ Get a Personal Financial Plan! https://forms.gle/JepACZCMpmyUT1po6 Need Tax DEBT Help? https://forms.gle/XQpJLs2E7RrXNEz66 Book a consultation at https://www.pocketwatcher.net/ Call-In Financial Talk Show hosted by Financial Advisor Jayson M. Thornton, CFP. Pocket Watching with JT is all about giving you smart money tips to help you reach your financial goals! *Disclaimer* Financial Coaching during Livestreams is NOT personal financial advice, No CFP-Client relationship is established by calling into the show or submitting a question by email or text. Cash App $PocketWatcherJT email PocketWatcherJT@gmail.com Follow ig @JTPocketWatcher Twitter @JTPocketWatcher Certified Financial Planner owned by POCKET WATCHER LLC

In the one hundred and forty third episode we explore the Playing Politics Fallacy, starting with Trump blaming the border security related shutdown on Democrats and accusing them of blocking funding for the Paycheck Protection Program before we hear Jim Jordan, Ted Cruz and Bill Eiger avoid the gun control debate by clutching their pearls about Democrats politicizing mass shootings.In Mark's British Politics Corner we look at Rishi Sunak repeatedly accusing Kier Starmer of playing politics to deflect attention from all the playing politics that Rishi is doing, then hear Jacob Rees-Mogg attack UNICEF for feeding poor British children.In the Fallacy in the Wild section, we check out examples from The Shield, Don't Look Up, and The West Wing.Jim and Mark go head to head in Fake News, the game in which Mark has to guess which one of three Trump quotes Jim made up.Then we talk about the $355 million that Trump is now required to pay New York and all the other court thingies which went badly for Trump since last we spoke.And finally, we round up some of the other crazy Trump stories from the past week.The full show notes for this episode can be found at https://fallacioustrump.com/ft143 You can contact the guys at pod@fallacioustrump.com, on Twitter @FallaciousTrump, or facebook at facebook.com/groups/fallacioustrumpSupport this podcast at — https://redcircle.com/fallacious-trump/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The U.S. launched the Paycheck Protection Program in April 2020 to save jobs and businesses from the worst effects of the pandemic. Today on the show, a post-mortem on the controversial program and whether it fulfilled its objective. Also, we hear from one company that voluntarily paid back its PPP loan — with interest — even though it could have qualified for forgiveness. Related episodes: Could cash payments ease recessions? (Apple / Spotify) Small banks' corona crunch The big small business rescue For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Congress realized that taxpayers desperately needed financial help during the COVID crisis, so it created the Paycheck Protection Program and the Employee Retention Credit. Taxpayers that got dual relief are beginning to understand that enforcement actions, timeframes, and consequences differ for each. This article, the latest in a multi-part series, explains the fundamentals of these benefits, interplay between the two, and distinct mechanisms used to recoup benefits that were improperly issued to taxpayers.

Attention self-employed individuals in the US! Are you aware of the FFCRA tax credit refund program? Join Thomas Vela from Nagel and Associates as he reveals a life-changing opportunity for solopreneurs and entrepreneurs. But beware, the clock is ticking and the IRS backlog may slow your chance at a significant tax refund. Don't miss out on this suspenseful episode, leaving you wondering if you're missing out on an opportunity that could transform your financial future.About Thomas Vela:Thomas Vela is the Vice President of Strategy at Nagel & Associates. Prior to joining the company, he was at Contact Mapping - a technology organization that focuses on the network marketing industry.He is a dynamic force in the world of accounting and technology enablement. With a background in software development and a deep understanding of CPA principles, Thomas brings a fresh and innovative approach to his work. His journey from Contact Mapping to Nagel and Associates shThomas Vela: The US Gov't Might Owe You Money...Attention self-employed individuals in the US! Are you aware of the FFCRA tax credit refund program? Join Thomas Vela from Nagel and Associates as he reveals a life-changing opportunity for solopreneurs and entrepreneurs. But beware, the clock is ticking and the IRS backlog may slow your chance at a significant tax refund. Don't miss out on this suspenseful episode, leaving you wondering if you're missing out on an opportunity that could transform your financial future.About Thomas Vela:Thomas Vela is the Vice President of Strategy at Nagel & Associates. Prior to joining the company, he was at Contact Mapping - a technology organization that focuses on the network marketing industry.He is a dynamic force in the world of accounting and technology enablement. With a background in software development and a deep understanding of CPA principles, Thomas brings a fresh and innovative approach to his work. His journey from Contact Mapping to Nagel and Associates showcases his adaptability and passion for helping others succeed. Thomas's commitment to the direct sales community is evident in his efforts to raise awareness about the FFCRA tax credit refund program. By sharing his expertise and knowledge, Thomas aims to empower self-employed individuals to take advantage of this often-overlooked opportunity. In this episode, Jennie and Thomas discuss:FFCRA tax credit refund programThe Families First Coronavirus Response Act (FFCRA) is a landmark tax refund initiative aimed at self-employed individuals. Specifically, it's structured to help those who fell ill during 2020 and 2021, or those who've had to provide care to affected family members during this period. Benefits of partnering with a CPA firmEngaging with a Certified Public Accountant (CPA) firm has significant advantages, especially when navigating complex tax programs like the FFCRA or the Paycheck Protection Program (PPP). Easy and affordable tax filingHaving a firm like Nagel and Associates handle your tax filing can be an easy and affordable solution. In this episode, you will be able to:Maximize your financial benefits with the FFCRA tax credit refund program - discover how to potentially receive refunds for employee sick leave and family leave.Save time and money by leveraging the expertise of a CPA firm - learn about the benefits of working with professionals who can navigate complex tax regulations and ensure accuracy.Understand the impact of PPP on your tax eligibility - gain insights into how the Paycheck Protection Program may affect your tax obligations and potential deductions.Successfully navigate complex tax programs - uncover tips and tricks for managing various tax programs as a self-employed individual, ensuring compliance and maximizing your deductions. "I just feel like our community is probably not told about this enough. Maybe a lot of us did TurboTax, but TurboTax would not have asked you about these types of specialty programs, especially being self-employed ones.” –Thomas VelaCONNECT WITH THOMAS:Facebook Name: https://www.facebook.com/restcpaFacebook Business Page: https://www.facebook.com/restcpaLinkedIn URL: https://www.linkedin.com/company/nagel-associates/?viewAsMember=trueCONNECT WITH JENNIE:Website: https://badassdirectsalesmastery.com/Email:  jennie@badassdirectsalesmastery.comFacebook personal page: https://facebook.com/jbellingerPLFacebook podcast page: http://facebook.com/BadassDirectSalesMasteryFacebook group for Badass Crew: https://facebook.com/groups/BadassDirectSalesMomsInstagram: https://instagram.com/BadassDirectSalesMasteryPersonal Instagram: https://instagram.com/jenniebellingerLinkedIn: https://linkedin.com/in/BadassDirectSalesMasteryShow Notes by Podcastologist: Hanz Jimuel AlvarezAudio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. owcases his adaptability and passion for helping others succeed. Thomas's commitment to the direct sales community is evident in his efforts to raise awareness about the FFCRA tax credit refund program. By sharing his expertise and knowledge, Thomas aims to empower self-employed individuals to take advantage of this often overlooked opportunity. In this episode, Jennie and Thomas discuss:FFCRA tax credit refund programThe Families First Coronavirus Response Act (FFCRA) is a landmark tax refund initiative aimed at self-employed individuals. Specifically, it's structured to help those who fell ill during 2020 and 2021, or those who've had to provide care to affected family members during this period. Benefits of partnering with a CPA firmEngaging with a Certified Public Accountant (CPA) firm has significant advantages, especially when navigating complex tax programs like the FFCRA or the Paycheck Protection Program (PPP). Easy and affordable tax filingHaving a firm like Nagel and Associates handle your tax filing can be an easy and affordable solution. In this episode, you will be able to:Maximize your financial benefits with the FFCRA tax credit refund program - discover how to potentially receive refunds for employee sick leave and family leave.Save time and money by leveraging the expertise of a CPA firm - learn about the benefits of working with professionals who can navigate complex tax regulations and ensure accuracy.Understand the impact of PPP on your tax eligibility - gain insights into how the Paycheck Protection Program may affect your tax obligations and potential deductions.Successfully navigate complex tax programs - uncover tips and tricks for managing various tax programs as a self-employed individual, ensuring compliance and maximizing your deductions. "I just feel like our community is probably not told about this enough. Maybe a lot of us did TurboTax, but TurboTax would not have asked you about these type of specialty programs, especially being self-employed ones.” –Thomas VelaCONNECT WITH THOMAS:Facebook Name: https://www.facebook.com/restcpaFacebook Business Page: https://www.facebook.com/restcpaLinkedIn URL: https://www.linkedin.com/company/nagel-associates/?viewAsMember=trueCONNECT WITH JENNIE:Website: https://badassdirectsalesmastery.com/Email:  jennie@badassdirectsalesmastery.comFacebook personal page: https://facebook.com/jbellingerPLFacebook podcast page: http://facebook.com/BadassDirectSalesMasteryFacebook group for Badass Crew: https://facebook.com/groups/BadassDirectSalesMomsInstagram: https://instagram.com/BadassDirectSalesMasteryPersonal Instagram: https://instagram.com/jenniebellingerLinkedIn: https://linkedin.com/in/BadassDirectSalesMasteryShow Notes by Podcastologist: Hanz Jimuel AlvarezAudio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

Lex chats with Sam Bobley, founder and CEO of Ocrolus - a fintech infrastructure company that powers underwriting processes for lenders like SoFi, Lending Club, and Enova. In this episode Sam starts off by sharing how he got started in entrepreneurship at a young age and the influence of his father, who was a serial entrepreneur. Bobley explains how Ocrolus focuses on document automation using OCR technology and the challenges they faced in the early days. He also discusses the evolution of machine vision and the improvements in handling semi-structured and unstructured documents. Bobley highlights the importance of vertical-specific solutions and the integration of AI technologies into financial services. He shares the company's experience during the COVID-19 pandemic and the pivot they made to focus on the Paycheck Protection Program. Bobley emphasizes the need for transparency, focusing on the big picture, and having a support system to navigate the challenges of entrepreneurship. He rounds off the episode discussing the trends he sees in the industry, including the rise of large language models and the adoption of cashflow-based underwriting. MENTIONED IN THE CONVERSATION Ocrolus's Website: https://bit.ly/3QHYoeNSam's LinkedIn profile: https://bit.ly/3SrC7TU Topics: artificial intelligence, ai, machine vision, OCR, LLM, machine learning, automation, fintech, embedded banking Companies: Ocrolus, Plaid, OpenAI, Google, Amazon, AWS, OnDeck ABOUT THE FINTECH BLUEPRINT 

The former lawmaker who authored and co-sponsored Florida's notorious "Don't Say Gay" Bill has been sentenced to four months in prison for defrauding the Paycheck Protection Program that was put in place at the start of the COVID pandemic. The lawmaker - who resigned in disgrace at the end of last year - secured a loan of $150,000 based on fraudulent information submitted to the government and will spend the next few months behind bars. But the people of Florida will continue to suffer under the legislation of a criminal for a much longer time.Also,  a very tearful Marjorie Taylor Greene whined to Alex Jones last week about how emotional she gets when she thinks about Donald Trump going to prison. Greene is apparently just so upset about the thought of Trump being held accountable for his actions that she has trouble functioning. But Greene may want to take a closer look at their relationship and ask herself why this even matters to her - other than the obvious political gain she gets from it. And finally, Ivanka Trump is terrified about the thought of having to testify against her father and brothers that her lawyers have filed a flimsy and almost laughable motion in court to prevent her from having to testify. Her lawyers are arguing that she was already dismissed from the case, and that making her testify is somehow a violation of that, but that's now how the law works at all. She clearly knows that she has information that will harm her family, and that's what scares her the most.

We talk about the date that never was to the Cheesecake Factory. A Dallas public defender is facing federal charges after she allegedly struck up a relationship with one of her former client. An office aide at a high school arrested after she was accused of inappropriate conduct with a teen student. A Fulton County Sheriff's Officer has been terminated after she got in a fight with another woman when she tried to serve a temporary protection order. 17 Broward Sheriff's Office employees suspected of fraudulently applying for and receiving Paycheck Protection Program loans. Plus, we have some Eagles and Phillies talk Twitter: ⁠https://twitter.com/PnLJudgementals⁠ TikTok: ⁠https://www.tiktok.com/@pnljudgementals⁠ Facebook: ⁠https://www.facebook.com/PnLJudgementals⁠ Instagram: ⁠https://www.instagram.com/the__judgementals⁠ Email: ⁠pnljudgementals@gmail.com⁠ Music:  Bread Crumbs - Successful

Episode Topic: In this episode of PayPod we explore the critical role of community banks in the fintech landscape and how they are poised to thrive in the digital age. Joining us is Brandon Oliver, a venture capitalist at BankTech Ventures. We'll delve into the insights and trends that shape this unique intersection of fintech and community banking, and discover the compelling mission of BankTech Ventures. Brandon shares his personal journey, underlining the importance of community banks in today's ever-evolving financial landscape. Lessons You'll Learn: During this episode, you'll discover the pivotal role that community banks played during the pandemic and why they continue to be significant in the broader US economy. Gain insights into how BankTech Ventures uniquely serves as a strategic investment fund for community banks, driving innovation and enhancing their competitiveness within the fintech landscape. Explore the potential for a domino effect in the adoption of fintech solutions by community banks, paving the way for a promising future. About Our Guest: Brandon Oliver, a venture capitalist at BankTech Ventures, brings his passion for community banking and a wealth of experience in the fintech sector. Born and raised in Boston, he has a unique perspective on the critical role of community banks in the financial industry. Topics Covered: In our conversation with Brandon Oliver, we explore the evolution of community banking and its pivotal role in providing Paycheck Protection Program loans during the pandemic. We discuss how BankTech Ventures serves as an extension of the R&D efforts of community banks, bringing innovation and competitiveness to the sector. Brandon also shares his journey from JP Morgan to private equity and ultimately to the fintech ecosystem, highlighting the democratizing effect and the potential consolidation within the community banking sector. Check our website: https://www.soarpay.com  

The Context of White Supremacy Radio Program hosts the weekly summit on Neutralizing Workplace Racism 10/13/23 We'll discuss reports of White Supremacy/Racism at the now-defunct Kansas City, Missouri Harley Davidson factory. Employees allege they were tormented with nooses, Racist graffiti and even violence against black employees. A class action lawsuit was filed with 18 former employees. A judge dismissed the claims of 11 plaintiffs, arguing that they lacked evidence to prove Racist abuse. Gus used this report to emphasize that if you are subjected to workplace violence by anyone, you should make a police report and press charges to the fullest extent of the law. This will provide another form of documentation that will be admissible in court. We also discuss fraudulent abuse of the Paycheck Protection Program and the undermining of black managers by their White subordinates. #TheCOWS14Years INVEST in The COWS – http://paypal.me/TheCOWS Cash App: https://cash.app/$TheCOWS CALL IN NUMBER: 605.313.5164 CODE: 564943#

More than a dozen deputies with the Broward County Sheriff's Office are accused of defrauding the Paycheck Protection Program, the U.S. Supreme Court is pausing on a ruling that would have allowed the expansion of sports betting in Florida and the forecast for Florida's citrus is looking more sunny than last year. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Context of White Supremacy hosts the weekly summit on Neutralizing Workplace Racism 09/08/23. We'll continue to examine how AI and technology are altering the workplace and/or eliminating employment altogether. In Las Vegas, Nevada, "Sin City" is increasingly relying on robots to serve drinks and assist customers. Some reports speculate that by 2035, 65% of jobs may be taken over by robots. We'll also discuss a St. Louis, Missouri report that reveals the devastating consequences of widespread worker shortages. Apparently, there are so many staffing vacancies in some St. Louis child protection service agencies, thousands of cases of alleged child abuse and neglect are late being investigated. Because of the high number of throwaway black children on the plantation, large numbers of black boys and girls may be in dangerous positions with no help. We even share a word on the gargantuan proportions of the Paycheck Protection Program scams, which reportedly amount to well over $50 billion looted. There had to be large numbers of White people pulling a scam of this magnitude with almost no criminal repercussions. #KeepItProfessional #TheCOWS14Years INVEST in The COWS – http://paypal.me/TheCOWS Cash App: https://cash.app/$TheCOWS CALL IN NUMBER: 605.313.5164 CODE: 564943#

On today's show, I'll speak to Rise-Economy's Jamie Buell and Kevin Stein about their latest report on the oil and gas industrial complex's  collusion and grift of the COVID 19 Paycheck Protection Program with three of the top U.S. banks. Read more https://rise-economy.org/wp-content/uploads/2023/08/Whose-Paycheck-Are-We-Protecting_The-Role-Banks-Played-in-Funding-Climate-Change-Through-the-PPP.pdf The post A Rude Awakening with Jamie Buell and Kevin Stein appeared first on KPFA.

Investors are suing the successful Chicago restaurant, saying its owners misappropriated Paycheck Protection Program funds for personal use, including the purchase of a $2 million Learjet in 2021. Reset checks in with WBEZ's Dan Mihalopoulos.

It's time to take a walk down memory lane and review the wackiest and wildest loan program ever: the Paycheck Protection Program. Omar Shute of DFTC and Jeff Lyons of MBFS joined us for a topic that we couldn't fit into just one episode.IN THIS EPISODE:[00:31] Mark gives an overview of Part One.[01:35] The expectation of how long the PPP loans would last. [03:36] Jeff describes the second round of PPP loans, and Omar shares his view of Part Two of PPP loans and how technology assisted the process. [11:22] Jeff and Mark talk about the eligibility for the second round of PPP loans. [18:23] Jeff reflects on how business owners admittedly stated they didn't need the money, but it was free. [20:37] Omar suggests which industries should have received the money, and Jeff talks about the forgiveness process. [26:50] What worked well on the PPP and what didn't work. KEY TAKEAWAYS: The PPP Loan Round One wasted a lot of taxpayer dollars.By the time Round Two of PPP Loans began, institutions could make more money because they had worked out the kinks they experienced in Round One.The PPP loans are responsible for the inflation we have today.RESOURCE LINKS:Mark Ritter WebsiteDFTC Inc. WebsiteBIOGRAPHY: Omar Shute is the Senior Vice President of Commercial Services at Development Finance Training and Consulting Inc. (DFTC). In this role, he oversees commercial underwriting and participates in all the related suites of services offered by DFTC. Omar has 20 years of commercial lending experience, and his career background encompasses commercial loan origination, relationship management, commercial loan underwriting, credit administration, commercial portfolio management, policy generation, and senior leadership experience, including working with boards of directors.

It's time to take a walk down memory lane and review the wackiest and wildest loan program ever: the Paycheck Protection Program. Omar Shute of DFTC and Jeff Lyons of MBFS joined us for a topic that we couldn't fit into just one episode.IN THIS EPISODE:[02:31] Jeff and Omar introduce themselves and share their responsibilities at their respective firms. [04:24] Jeff's view of the history of PPP loans and Omar reflects on the beginning phase of PPP loans. [08:12] Mark remembers the chaos, Jeff shares his perspective and Omar talks about rules changing three times a day. [13:34] Mark and Jeff speak about the bad actors, fraud and loan farms. [19:31] Omar reflects on how the credit union prevented fraud. [21:33] Mark tells about the largest fraud case. [26:07] Jeff and Omar discuss the systems in place to make the program work. KEY TAKEAWAYS: The PPP loan program was vulnerable from the start because it was rushed, and there were no clear guidelines.The government was just asking for fraud because the regulations were so loose, and unfortunately, FinTech wasn't doing its job.The credit unions stepped up and did what was necessary to care for customers while protecting the taxpayer.RESOURCE LINKSMark Ritter WebsiteBIOGRAPHY: Omar Shute is the Senior Vice President of Commercial Services at Development Finance Training and Consulting Inc. (DFTC). In this role, he oversees commercial underwriting and participates on all the related suite of services offered by DFTC. Omar has 20 years of commercial lending experience and his career background encompasses commercial loan origination, relationship management, commercial loan underwriting, credit administration, commercial portfolio management, policy generation, and senior leadership experience including working with boards of directors.

Today Trevor sits down for a solo show to talk thru his current views of the writer's strike as well as its possible outcomes.  With a semi-deep dive into wall street to show how it is itself a Panzi scheme to help illustrate the rationale of the executives of studios and streamers and then in part 2 goes all in on how he believes the strike will end and who will benefit and who will be cast aside. Links mentioned in this episode are: Age of Easy Money (full documentary) | FRONTLINE - https://www.youtube.com/watch?v=EpMLAQbSYAw&ab_channel=FRONTLINEPBS%7COfficial Not Vice: https://notvice.com/ SBA Potentially Lost $200 Billion In Covid Pandemic Relief To Fraud And Abuse, Government Watchdog Finds: https://www.forbes.com/sites/anafaguy/2023/06/27/sba-lost-200-billion-in-covid-pandemic-relief-to-fraud-and-abuse-government-watchdog-finds/?sh=7060614275eb How the Paycheck Protection Program went from good intentions to a huge free-for-all: https://www.npr.org/2023/01/09/1145040599/ppp-loan-forgiveness 'Biggest fraud in a generation': The looting of the Covid relief plan known as PPP: https://www.nbcnews.com/politics/justice-department/biggest-fraud-generation-looting-covid-relief-program-known-ppp-n1279664 This is Part 1 of a two-part episode. Part 2 is free to all paid subscribers over at www.patreon.com/posts/86059234.  Become a paid subscriber for $5/month over at patreon.com/champagnesharks and get access to the entire archive of subscriber-only episodes, the Discord voice and chat server for patrons, detailed show notes for certain episodes, and our newsletter. Co-produced & edited by Aaron C. Schroeder / Pierced Ears Recording Co, Seattle WA (www.piercedearsrec.com). Opening theme composed by T. Beaulieu. Closing theme composed by Dustfingaz (https://www.youtube.com/user/TheRazhu_)

Matt Haller, CEO of the International Franchise Association brings it to the table to update us on the latest in business... What are the leading trends in 2023 in franchising?  How is regulation impacting small business and consumers?  How is tech and AI impacting business?  And, what should we do as business leaders to work in today's environment? Matt Haller is President and CEO of the International Franchise Association (IFA), the world's oldest and largest trade association representing franchising worldwide. IFA represents thousands of franchisors, franchisees, and suppliers and works in Washington DC, across the country, and around the world to protect, enhance, and promote franchising.  Matt has been with the IFA for over 12 years. In 2021, Haller moved into the role of President & CEO from his previous position as head of government relations and public affairs. Under his leadership, the IFA continues to grow, expanding educational, event and promotional offerings across all of franchising while leading the charge to protect the business model in new and innovative ways. Bio Matthew Haller is President & CEO for the International Franchise Association. Matt has been a key member of the IFA team for 10 years, building extensive relationships with all three segments of the IFA membership: franchisors, franchisees & suppliers. During that time, he has held a number of roles including Communications Director, Vice President of Public Affairs, Chief of Staff to the CEO and Senior Vice President, Public Affairs. In 2017, he was promoted to Senior Vice President, Government Relations and Public Affairs: the leadership role he has held until today. During his tenure leading IFA's advocacy strategy, Matt expanded the association's lobbying, coalition building, grassroots, research and communications capabilities and took on some of our more difficult challenges, including defending the business model against the joint employer threat and significant legislative and regulatory issues at the federal, state & local levels. During the pandemic, he led the team's focus on helping the franchise business model survive, ensuring the Paycheck Protection Program and other relief efforts included eligibility for franchise businesses, while working with the internal team to innovate how to provide IFA members real value for their membership in the association. Prior to joining IFA in October 2010, Matthew was director of industry relations at the Pharmaceutical Care Management Association, where he developed PCMA's member and affiliate initiatives surrounding key industry issues. Previously, he served as manager of political affairs at the U.S. Chamber of Commerce, where he managed the Chamber's $20 million budget for political and issue advocacy campaigns during the 2004 and 2006 election cycles. Matthew has also held positions as legislative assistant for UPS Corporate Public Affairs and as a director of public affairs at Levick Strategic Communications, LLC.    Matthew received a bachelors degree in Political Science from North Carolina State University in Raleigh, NC. He resides in Washington, D.C. https://www.franchise.org/our-team/staff/matt-hallerMain Topics01:57 Insights into the current state (2023) of the franchise industry04:47 Disconnect of franchise development (regulations)07:52 Trends in franchising09:20 Tech/AI innovation in the industry12:10 What is Franchise Development?13:00 How will AI interact with business and personnel?16:16 The future of franchising!18:28 The Talent – Franchisor & Franchiseewww.franchise.orgConnect with Adam:http://www.startwithawin.comhttps://www.facebook.com/AdamContosCEO https://www.linkedin.com/in/adamcontos/ https://www.instagram.com/adamcontosceo/ https://www.youtube.com/@LeadershipFactoryhttp://twitter.com/AdamContosCEO Listen, rate, and subscribe!Apple PodcastsSpotifyGoogle Podcasts

In this episode of "Main Street Matters," hosts Alfredo Ortiz and Elaine Parker interview Rafael Cuellar, the owner of ShopRite Supermarkets in Passaic City, New Jersey. They discuss the challenges faced by small businesses in the grocery store industry, including government regulations and taxation. Cuellar shares his success story of expanding his business through diversification and joining a grocery co-op. He also expresses concerns about proposed legislation that could impact the franchise industry. The hosts emphasize the importance of supporting small businesses and the American Small Business Prosperity Plan, which includes tax cuts, increased access to credit, and regulatory reform. The episode concludes with gratitude to Cuellar for sharing his insights.See omnystudio.com/listener for privacy information.

A planned buoy barrier along the Rio Grande designed to prevent migrant crossings faces legal obstacles of its own. What’s known and what isn’t about the man who had been reported missing in the Houston area for eight years – who had only really been missing for about a day. Could pandemic-era abuses be partly […] The post Is Paycheck Protection Program fraud partly behind the home price spike? appeared first on KUT & KUTX Studios -- Podcasts.

Fraudulent applications for the government's Covid-era Paycheck Protection Program helped push home prices higher in some markets. That's the conclusion of new research from the University of Texas at Austin. It says that fraudulent PPP loan recipients increased their home purchase rate more than non-fraudulent loan recipients, and that that corresponded to higher home prices. (1)    Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   The research paper shows that home price growth was much faster in areas with a high amount of “suspicious lending per capita.” In other words, areas with higher rates of loan fraud correlated with fraud recipients who also bought property. That may have increased prices due to competition among well-funded buyers, or maybe because it was easy to spend a little more on a home with easy money.   Loan Fraud Impact on Home Prices   So what was the estimated size of this impact? The report says: “at the zip code level, house prices in high fraud zip codes increased 5.7% more than in low fraud zip codes within the same county.” The analysis also accounted for land prices, historical home pricing trends, remote work impact, migration, population density, and how close the homes were to business districts.   The PPP loan program distributed more than $793 billion dollars from April 2020 through May 2021. Research done previously at the Austin university labeled $117 billion of those PPP loans as “suspicious.” Study co-author and professor of finance, Sam Kruger, says: “The fraud was highly concentrated geographically. And because of that concentration, there may have been spillover effects in some of those local areas.” (2)   Why Did This Happen?   Government data shows that home prices rose 24% nationwide from November of 2019 through November of 2021. Many factors contributed to those high prices including remote work, migration from crowded urban areas, and a desire for larger homes with yards, but this new research says that money handed out by the government to help business owners retain employees may have contributed to home price growth.    Kruger says: “This is a very specific type of stimulus that injected cash into certain areas, and it seems to have played a pretty significant role.”   How Did This Happen?   The report also blamed lax loan standards among Fintech companies, which had a higher rate of fraudulent loans than traditional lenders. It also suggested that social media was used to spread the word about getting fraudulent loans from those Fintech loan providers. In a zip code map of the country, areas where much of this fraud occurred was along the sun belt, as you might expect. If you'd like to read more about the study and check out that map, you'll find links in the show notes at newsforinvestors.com.   You can also learn how to buy real estate legally as a member of RealWealth. It's free to join for access to our housing market data, investment counselors, and referrals to real estate professionals that you might need to help build a portfolio of rental properties.    Thanks for listening, and please remember to subscribe to the podcast!   Kathy Fettke   Links:   1 - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4487877   2 - https://www.cnbc.com/2023/06/26/ppp-loan-fraud-drove-home-price-inflation-in-certain-markets.html

It's Paycheck Protection Program Fraud, the sequel! Caleb and Greg explore more PPP fraud in this episode, including a repeat repeat offender, a big conspiracy, funny farm names, and more.  HOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: How the Paycheck Protection Program went from good intentions to a huge free-for-all [NPR] Man Awaiting Trial for Covid-19 Bank Fraud Does It Again, Authorities Say [NYT] Scott Township Man Pleads Guilty in $3,8 Million Fraud on the Payroll Protection Program [Justice.gov] Carnegie Man Sentenced to 6½ Years for $3.8 Million Paycheck Protection Program Fraud [Justice.gov] Woman Pleads Guilty for $43.8 Million COVID-19 Relief Fraud Scheme [Justice.gov] Man Convicted for $27 Million PPP Fraud Scheme [Justice.gov] Seminole County Man Extradited From Croatia To Face COVID Relief Fraud Charges [Justice.gov] Extradited Seminole County Man Sentenced To More Than Eight Years In Federal Prison For COVID Relief Fraud [Justice.gov] Hundreds of PPP Loans Went to Fake Farms in Absurd Places [ProPublica] Prosecutors Struggle to Catch Up to a Tidal Wave of Pandemic Fraud [NYT] Two Fintechs Fueled Extensive Pandemic Relief Fraud, House Report Finds [NYT] Kevin Bacon opens up about family losing most of their money in Madoff scheme [Spectrum News]

After a rough week for craft breweries acquired by Anheuser-Busch, the Brewbound team discusses the fallout of the world's largest beer manufacturer shuttering operations of Platform Beer Co. in Ohio and layoffs at other Brewers Collective brands.    The team also dishes on the resurrection of lager brand House Beer and the executive shakeup at Molson Coors. Plus, featured guest Aaron Staples breaks down the effect the Paycheck Protection Program had on the craft beer industry.

Ohio Sen. J.D. Vance said East Palestine might need a paycheck protection style program, similar to the one the country had during the pandemic. People are reportedly leaving the town, which affects business according to the senator. A large group of Hollywood actors say they've been locked out of their union buildings and blocked from competing for roles because they decided against receiving a COVID-19 vaccine. The U.S. Energy Department has now concluded that COVID-19 probably leaked from a lab. Republican lawmakers responded to the report published in the Wall Street Journal. ⭕️Watch in-depth videos based on Truth & Tradition at Epoch TV

NTD News Today—2/27/20231. Sen. Vance Suggests PPP for East Palestine2. Worried Ohio Residents Not Returning: Report3. Ann Arbor, MI Residents Still Without Power4. Tornadoes, Heavy Winds Strike Central U.S.5. Actors Oppose Vaccine Mandates

This week on Breaking Battlegrounds, we are honored to be joined by former Congresswoman Mia Love of Utah and current Senator Marco Rubio of Florida. We also check in with our friend Alexander Raikin for an update on Canada's assisted suicide program. -Mia B. Love is a former Representative of the 4th Congressional District of Utah. Love was elected to office in 2014. She is the first and only Republican black female to ever serve in The United States Congress. Love was appointed as the only freshman to serve on the Select Panel for Infant Lives, to investigate the selling of organs on the free market. She was also selected to serve on the Financial Services Committee (which handles regulation of our nation's financial institutions) Terrorism and Illicit Finance, Financial Institutions and Monetary Policy and Trade subcommittees.While in office, she was a champion for reducing burdensome regulations and sponsoring legislation that make it easier for small and community banks to lend money to individuals and families. That bill (part of S. 2155) was signed into law in August of 2018. Rep. Love was also a leader in the push for immigration reform, and adamantly works to protect life at all stages of development, liberty and the pursuit of happiness for all. She was awarded the Marilyn Musgrave "Defender of Life Award" for her work in protecting life in Congress.Rep Love was a headline speaker at the 2012 RNC convention in Tampa FL. Prior to her work in Congress, Rep. Love served as a city councilwoman and mayor in her hometown of Saratoga Springs, Utah.Mia is currently a CNN correspondent and was recently appointed as a non-resident senior fellow at The United States Studies Centre at the University of Sydney.Mia is passionate about getting Americans out of government poverty programs that are meant to trap and destroy families and promoting free market principles. She has advocated for limited government, fiscal discipline and personal responsibility.Mia is currently a CNN correspondent and was recently appointed as a non-resident senior fellow at The United States Studies Centre at the University of Sydney. Most importantly, Mia is the daughter of legal immigrants from Haiti, a wife, a mother of three children and a proud American.-Marco Rubio has represented Florida in the United States Senate since 2010, where he has one guiding objective: bring the American Dream back into the reach of those who feel it slipping away.Senator Rubio's efforts have been successful and long-lasting. Non-partisan analyses by GovTrack and the Center for Effective Lawmaking ranked Rubio the Senate's number two leader and most effective Republican in 2020.Senator Rubio currently serves as Vice Chairman of the Senate Select Committee on Intelligence, where he oversees our nation's intelligence and national security apparatus. Senator Rubio is also a member of the Foreign Relations Committee, where he fights to promote human rights and America's interests around the globe; the powerful Appropriations Committee, which allocates funding for the federal government; and the Special Committee on Aging, dedicated to the needs of older Americans.In addition, Senator Rubio serves on the Committee on Small Business and Entrepreneurship, where works to help small businesses thrive in the 21st century. As former Chairman of this committee, Rubio authored the historic Paycheck Protection Program, which has been a lifeline to millions of small businesses and Americans workers as they battle economic hardship in the wake of the COVID-19 pandemic.Senator Rubio was born in Miami, after his parents came to the United States from Cuba in search of the American Dream. He lives there today with his wife Jeanette and their four children.-Alexander Raikin is a freelance journalist and a writer interested in medical ethics and bad statistics. His writings have been published in City Journal and The New Atlantis. Alexander is also a research fellow with Do No Harm. He can be found on Twitter at @AlexanderRaikin -Connect with us:www.breakingbattlegrounds.voteTwitter: www.twitter.com/Breaking_BattleFacebook: www.facebook.com/breakingbattlegroundsInstagram: www.instagram.com/breakingbattlegroundsLinkedIn: www.linkedin.com/company/breakingbattlegrounds This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit breakingbattlegrounds.substack.com

During the height of the pandemic, Congress swiftly approved trillions of dollars in COVID relief funds, but the US Department of Labor estimates that hundreds of billions of those funds were fraudulent. At the beginning of February, the GOP-led House Oversight Committee began investigating how COVID-19 programs like Paycheck Protection Program loans and enhanced unemployment insurance were unprepared for the exploitation they quickly faced from scammers. FOX News Senior Congressional Correspondent Chad Pergram joins the Rundown to explain why COVID relief fraud was so prevalent and how Congress aims to reclaim the billions defrauded from these programs. Later, FOX Business Correspondent Grady Trimble joins to discuss the methods fraudsters used and the chances the federal government has in convicting these criminals and recovering the money.   Last Monday, a 7.8-magnitude earthquake devastated southern Turkey and northern Syria, and only nine hours later, a 7.5-magnitude earthquake struck the area once more. The quakes, along with their aftershocks, collapsed thousands of buildings and took the lives of tens of thousands of people, with a death toll that continues to rise. Although it has been over a week since the disaster, people refuse to give up hope when it comes to the search for survivors. John Morrison is a member of the US AID's Urban Search and Rescue Team from Fairfax County, Virginia. He joins the Rundown from Adiyaman, Turkey, to discuss what he's seeing at the scene and how he and his team are working to rescue survivors amid all the wreckage.   Plus, commentary by New York Post columnist Karol Markowicz. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you a business owner who saw your revenues plummet during the height of the COVID-19 pandemic due to government restrictions? Then you could be eligible to receive financial assistance from the government in the form of the Employee Retention Credit (ERC). Unfortunately, because of the complicated procedures in place, many business owners end up filing bad claims or worse, not file a claim at all.    Unfortunately for many business owners, the procedure for submission and evaluating whether you qualify for the credit at all is complex, and may involve digging through government announcements for the exact restriction that may have affected you. There is also the process of determining how much credit you qualify for, based on things like the wages your employees earned, and whether you paid them through the Paycheck Protection Program, among others.   The good news is that you may be eligible for up to $5000 per employee that you paid during the whole year of 2020 and $7000 per employee for three quarters during tax year 2021. The bad news is that there are several exemptions and caveats that apply, and they are enough to make anybody's head spin. But if you have a headcount of more than 10 employees, and feel like government restrictions really impacted on your ability to operate and create revenue, then it's worth having a tax professional evaluate your case.    In this episode, Catherine Tindall, one of the partners at Dominion Enterprise Services, a specialty CPA firm that specializes in helping businesses maximize their tax credits, gives us information about the ERC and whether you might be leaving a very significant number of dollars off the table by not filing a claim. She also talks about the consequences of filing a bad ERC claim, which can lead to an unapproved claim or worse, a stringent audit by the IRS.    In this episode, we discuss:   What the Employee Retention Credit (ERC) is all about  How to know if you are qualified to file an ERC claim What the process of filing an ERC claim can look like  Why you need to know how to avoid filing a bad ERC claim Check out these resources we mentioned during the podcast: Join the Service Business Mastery Facebook group This episode is kindly sponsored by Sera (visit their website) and CompanyCam (visit www.companycam.com/SBM for a 14 day trial and 50% off your first two months). Visit www.companycam.com/SBM and use code SBM for a free 2-week trial, 1:1 training and account setup, and 50% off your first two months! Meet the Hosts: Tersh Blissett is a serial entrepreneur who has created and scaled multiple profitable home service businesses in his small town market. He's dedicated to giving back to the industry that has provided so much for him and his family. Connect with him on LinkedIn.   Joshua Crouch has been in the home services industry, specifically HVAC, for 8+ years as an Operations Manager, Branch Manager, Territory Sales Manager and Director of Marketing. He's also the Founder of Relentless Digital, where their focus is dominating your local market online. Connect with him on LinkedIn.   Meet the Guest:   Catherine Tindall is one of the partners at Dominion Enterprise Services, a specialty CPA firm that works with other firms and their clients to maximize their tax credits.    Dominion Enterprise Services has a Proactive Tax Planning & Compliance Strategy that is holistically designed for your business goals to maximize your cash flow/savings and minimize your stress. Unlike typical tax professionals, Dominion Enterprise Services specializes in advanced tax reduction on top of routine tax compliance work. Visit Dominion Enterprise Service's Website: https://dominiones.com/ Check Out Catherine's Ebook on the top 5 ERC mistakes to avoid: https://dominiones.com/for-business-owners/ Tune in to hear the latest and greatest in business services trends on Service Business Mastery on Apple Podcasts, Spotify, and our website.   Listening on a desktop & can't see the links? Just search for Service Business Mastery in your favorite podcast player.

Bill Briggs, a key architect of the Paycheck Protection Program, talks about his just-announced role as the CEO of the Banking as a Service Association, a group representing banks that partner with fintechs to allow them to offer financial services. He discusses the need for a new set of best practices and how he believes the model is here for good despite enhanced regulatory scrutiny of bank-fintech partnerships.

Some of us in the US got a reprieve to begin the week with recognition for Dr. Martin Luther King's holiday. Alternatively, the day provided an opportunity for Racist Pranks and White grumbling about unnecessary holidays for dark people. Houston's FOX 26 reported that a black female California Hotel employee, Ronnie Tams, and another non-white worker were terrorized by a White Man who may have been a marine. Tams immediately summoned her black self respect and utilized counter violence to neutralize the Suspected Race Soldier. These type of violent workplace encounters seem increasingly common. It's imperative that non-white people remain alert to possibly violent people in your work environment. Mentally prepare to make the best decisions possible once you seen a situation begin to escalate. No one else at work will be concerned about your safety. Will also discuss the widespread fraud and "forgiveness" of the Paycheck Protection Program loans that were supposed to keep small businesses in operation throughout the challenging times of the Covid-19 pandemic. Approximately 92% of the loans have been forgiven. However, many black business entrepreneurs missed out financial assistance to help them because of White Supremacist "banksters" - which we previously discussed with New York Times Journalist Emily Flitter. #RacistJokes #TheCOWS13 INVEST in The COWS – http://paypal.me/TheCOWS Cash App: https://cash.app/$TheCOWS CALL IN NUMBER: 605.313.5164 CODE 564943#

Shootings in New Mexico targeted Democratic officials, a new study provides insights into viral "co-infections" among children, and data show that most Paycheck Protection Program loans were forgiven.

March 2020. The financial magnitude of the COVID pandemic was becoming clear. The country was facing an unprecedented economic catastrophe and Congress felt it needed to act—immediately. So it offered potentially forgivable loans to small businesses through something called the Paycheck Protection Program. The government ultimately spent almost $800 billion dollars on that effort. NPR's Investigations correspondent Sacha Pfeiffer looked into the program and found that even after the government realized huge sums of money had gone to fraudulent borrowers and companies that may not have deserved the funding, it still forgave the vast majority of those loans. In the end, the Paycheck Protection Program basically became a federal grant program. And generations of taxpayers may wind up footing the bill.

Stand Up is a daily podcast that I book,host,edit, post and promote new episodes with brilliant guests every day. Please subscribe now for as little as 5$ and gain access to a community of over 800 awesome, curious, kind, funny, brilliant, generous souls Check out StandUpwithPete.com to learn more Maura Quint  is a humor writer and activist whose work has been featured in publications such as McSweeneys and The New Yorker. She was named one of Rolling Stone's top 25 funniest twitter accounts of 2016. When not writing comedy, Maura has worked extensively with non-profits in diverse sectors including political action campaigns, international arts collectives and health and human services organizations. She has never been officially paid to protest but did once find fifteen cents on the ground at an immigrants' rights rally and wanted to make sure that had been disclosed. She was the co founder and executive director of TaxMarch.org  She is now the Wealth Tax Campaign Director at the Americans for Tax Fairness Gary Rivlin is a Pulitzer Prize–winning investigative reporter and the author of five books, including Katrina: After the Flood. His work has appeared in The New York Times, Mother Jones, GQ, and Wired, among other publications. He is a two-time Gerald Loeb Award winner and former reporter for the New York Times. He lives in New York with his wife, theater director Daisy Walker, and two sons. Gary's New book is Saving Main Street: Small Business in the Time of COVID-19 Journalist Rivlin (Katrina) presents an illuminating account of how several small businesses weathered the Covid-19 pandemic. Rivlin introduces readers to TJ Cusumano, owner of an Italian restaurant in Old Forge, Pa.; Glenda Shoemaker, who runs a card and gift shop in Tunkhannock, Pa.; and the Maloney family, founders of a chocolate business in New York City, among others. They all faced tough decisions, such as having to lay off employees and find ways to pay mortgages and vendors, as well as dealing with the pain of potentially losing their life's work. Rivlin shows his subjects' struggles to keep afloat, as when Cusumano established a “pop-up market” to sell food supplies before they spoiled, and when the Maloneys slashed prices in an attempt to boost sales. Rivlin also highlights problems that small businesses have faced for decades, which made them especially vulnerable when the pandemic hit. In particular, he writes of how large corporations crush small businesses by offering low prices their competitors can't, and how the Small Business Administration often enacts plans “rigged in favor of the large and dominant” (2020's Paycheck Protection Program among them). This one's full of insight and shrewd reporting.  Check out all things Jon Carroll Follow and Support Pete Coe Pete on YouTube Pete on Twitter Pete On Instagram Pete Personal FB page

Sam and Emma host J. David McSwane, reporter at ProPublica, to discuss his recent book Pandemic Inc.: Chasing the Capitalists and Thieves Who Got Rich While We Got Sick, on the fraudulent paths of government money at the height of the COVID-19 pandemic. David begins by covering the state of our infrastructure (or lack thereof) at the start of the pandemic, including an incredible 1% of necessary strategic reserves of PPE and other equipment which had been cut down in the wake of Democrats' sequestration attempts in the 2010s and Donald Trump's general crippling of anything governmental. Moving into the actual governmental response, David, Emma, and Sam then dive into how the execution of early pandemic policy genuinely made the preparations look effective, as nearly half of the pandemic response budget was swallowed up by corporations who held largely expired goods, setting a government contracting frenzy shoveling cash to any dude on the streets who said they had access to masks. Exploring this, David walks through his experiences on Robert Stewart's private jets, jumping across the country clearly in search of more excuses for the never-to-materialize masks, before getting into the story of Mike Bowen's Prestige Ameritech, perhaps the only legitimate source of masks that the US Government explored, and how his deal fell through due to personality differences, and touching on how one Fillakit LLC acquired their contract and shipped pre-expanded soda bottles through FEMA and across the country. Next, David McSwane dives into the role of the Kushner children in expanding this fraud beyond government contracts to the Paycheck Protection Program, diving into the myriad pseudo corporations and fake farms that sprang up to claim millions. Sam and Emma also touch on the Connecticut bill attempting to protect out-of-state abortion seekers, the White House's ongoing internal battle over whether or not to cancel student debt, and the incredible fraud of the New York Times as Jonathan Martin and Alexander Burns continue to trickle out years-old behind-the-scenes drama from Republicans over Build Back Better. And in the Fun Half: Emma pays a visit to the NLRB's vote tally for the Amazon labor fight while Sam takes a call from John in New Mexico on MR's relationship to their mods and covers the Right's constant ideology that looks for culture war openings, meaning gay people's right to exist is just as much up for debate in 2022 as it was in 1982. Casey from Washington calls in about beetles, wildfire, and Canadian lumber supply, Charlie Kirk explores the positive impacts of recessions (they fuck over workers and undermine their leverage), and Sam and Emma walk through a harrowing Marist poll in the lead-up to the midterms. Ron DeSantis rips off Trump's Gold Card, and Ben Shapiro discusses the violent culture war instigation that was Democrats giving Black folks the right to vote. Will Cain finds out some of his Fox co-hosts might not be vaccinated, David from LA explores the CA Governor's race, and the NLRB Amazon vote trickles in, plus, your calls and IMs! Purchase tickets for the live show in Boston on May 15th HERE:   https://majorityreportradio.com/live-show-schedule Become a member at JoinTheMajorityReport.com: https://fans.fm/majority/join Subscribe to the AMQuickie newsletter here:  https://madmimi.com/signups/170390/join Join the Majority Report Discord! http://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Check out today's sponsors: Aura: Protect yourself from America's fastest-growing crime. Try Aura for 14 days for free: https://aura.com/majority Ritual: We deserve to know what we're putting in our bodies and why. 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Join Jim and Chad as they analyze how China's 'zero-COVID' strategy is having a tumultuous effect on it's cities and economy. They also shake their heads at a new report that found as much as $80 billion was stolen from the Paycheck Protection Program. And in another press conference fumble, President Biden may have admitted that the U.S. is training Ukrainian troops in Poland.Please visit our great sponsors:My Pillowhttps://www.mypillow.com/martiniUse code MARTINI for the 6-piece My Pillow Towel set for $39.99. SAVE $70!