Podcasts about Treasury

In this episode we answer emails from Peter, Alejandro, and Anderson.  We discuss retiring early and related family, work and community considerations, various portfolio and tax considerations and gambling problems, AI-driven portfolio tweaking, when simplicity applies, and share a fast way to summarize old episodes with NotebookLM.   And reference our Top of the T-shirt Campaign (Part Deux!) for the Father McKenna Center.Links:  Father McKenna Center Donation Page (please mention Risk Parity Radio in the comment section with your donation):  Donate - Father McKenna CenterNotebookLM Summary of Chad's Question from Episode 478 -- "Mastering Portfolio Distributions":  NotebookLM - Portfolio Distribution MechanicsBreathless Unedited AI-Bot Summary:Quitting a high-paying job sounds like a math problem until you try living inside the decision. We hear from a 37-year-old parent with $1.3 million invested, a paid-off home, and a growing sense that learning about early retirement has made work feel unbearable. We walk through what those numbers actually support, why a 5% withdrawal rate can look fine on a spreadsheet but feel risky for a young family, and why expenses often rise as kids move toward the teen years and college. Our goal is to replace vague fear with concrete planning and a bigger, more realistic buffer.From there we get tactical: how to think about asset allocation as one unified portfolio across taxable and retirement accounts, how tax efficiency should influence what goes where, and what options exist for accessing retirement money earlier than 59.5. We dig into Roth conversion timing, and we clear up a major misconception about 72(t) distributions by explaining how splitting IRAs can make the tool far more flexible than people assume.Then we zoom out to portfolio construction. We explain why many formal “risk parity” or Ray Dalio all-weather style proposals end up bond-heavy, why that design often expects leverage, and why our retirement-oriented approach favors diversified building blocks like equities, Treasury bonds as recession insurance, gold, and managed futures. We also answer two more emails: one on using Google NotebookLM to generate a visual summary of rebalancing, and another on leveraged ETFs, AI recommendations, and moving-average trading rules, including why complexity can create tax headaches and ugly drawdowns.If you got value from this, subscribe, share the show with a friend who is rebuilding their plan, and leave a review so more DIY investors can find Risk Parity Radio.Support the show

Today's show is sponsored by The Cost Segregation Guys. If you own investment real estate and haven't looked seriously at cost segregation, you could be leaving significant tax savings on the table. The Cost Segregation Guys help investors accelerate depreciation, improve near-term cash flow, and make more efficient use of capital, all without changing the underlying asset. ------------Today I want to talk about a topic that's poorly understood by many investors, but it has a direct impact on every mortgage, every construction loan, and every real estate project.I'm talking about Federal Reserve swap lines and why they're so important to maintaining stability in the bond market.Recently, Treasury Secretary Scott Bessent testified before Congress and made a statement that caught my attention. He said:"Swap lines are to maintain order in the dollar funding markets and to prevent the sale of U.S. assets in a disorderly way."Many people mistakenly view swap lines as some form of foreign aid. They're not. A swap line is essentially a temporary agreement between the Federal Reserve and another central bank. The Fed provides dollars in exchange for the foreign currency. The foreign central bank can then provide those dollars to banks within its own country.Think of it as a pressure-release valve. Instead of forcing institutions to sell Treasury bonds to obtain dollars, the dollars are temporarily made available through the swap line.--------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   YouTube: [The Real Estate Espresso Podcast](http://www.youtube.com/@victorjmenasce6734)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  **Y Street Capital:** Website: [www.ystreetcapital.com](http://www.ystreetcapital.com)   Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)   Instagram: [@ystreetcapital](http://www.instagram.com/ystreetcapital)  

A new era at the Federal Reserve has officially begun. In today's special episode, I'm joined by veteran bond trader William Addiss to break down the first official FOMC announcement under new Fed Chairman Kevin Warsh. This wasn't just another Fed meeting. It was the market's first real glimpse into how Warsh intends to lead the Federal Reserve, and investors everywhere are trying to decipher what it means for interest rates, inflation, bonds, stocks, and the broader economy. We'll discuss: The latest interest rate decision Changes to Fed projections and guidance How Kevin Warsh's approach differs from previous leadership What the bond market is signaling right now Whether investors should expect a new policy direction As one of the most experienced bond traders I know, Bill Addiss brings a unique perspective to the discussion, helping separate market noise from what truly matters. We'll also dive into the potential impacts on: Treasury yields Equity markets Housing Commodities Digital assets Long-term investment portfolios Because when the Federal Reserve changes course... every asset class feels the effects. This episode is a must-watch for anyone trying to understand where monetary policy may be headed and how to position themselves accordingly. Listen now:

What separates good treasury careers from great ones?According to this panel of treasury leaders, it often comes down to curiosity, reliability, and a willingness to say yes to opportunities before you feel completely ready.This special live episode from our Dublin event features a panel of experienced treasury professionals sharing their career journeys, leadership lessons, and views on the future of the profession.Meet the Guests:John James Dunne, Founder & Principal at Elevate Treasury AdvisoryDonna Foley, Global Treasury Director at SandiskRónán Clifford, Senior Director of Treasury and EMEA Treasury Lead at HoneywellAimee Cullen, Director Global Cash at CarrierRecorded LIVE in Dublin, this panel discussion explores the realities of building a successful treasury career. The conversation covers career progression, professional qualifications, talent development, leadership, international opportunities, and the growing impact of AI on treasury teams.The panellists share candid reflections on their own career journeys, including the opportunities they embraced, the challenges they overcame, and the lessons they wish they had learned earlier.They also discuss what they look for when hiring treasury talent and why relationship-building, curiosity, and business partnering are becoming increasingly important skills for treasury professionals.Key topics discussed:How each panellist found their way into treasury careersThe role of treasury qualifications and professional educationWhy continuous learning remains important throughout a careerDeveloping treasury careers within large multinational organisationsThe value of international assignments and global experienceHow to create opportunities for career progressionBuilding credibility and earning a seat at the tableWhat treasury leaders look for when recruiting new talentThe importance of soft skills, communication, and stakeholder managementCoaching, mentoring, and developing treasury teamsTreasury's role as a business partner across the organisationAI, automation, and the future of treasury operationsWhy treasury professionals must understand the business behind the numbersLessons learned from working across different countries and culturesCareer advice the panellists would give their younger selves---

Johnny Mac shares five good news stories: in 1950 the Treasury commissioned 2,080-pound Liberty Bell replicas for each state as part of a savings bond drive—cast in France with matching markings and a fake crack—touring on flatbed Ford trucks before being given to states; bell hunter Tom has tracked down 40 via tomlovesthelibertybells.com, while the Washington, DC bell has been missing since the early '80s. Scientists developed a hemp-based plastic alternative that can stretch up to 1,600% and withstand boiling water. Albany, NY is trying to protect its 28-foot, four-ton RCA “Nipper” dog statue atop a long-unused warehouse by adding it to historic landmarks. In Singapore, a teen was charged after licking and returning a vending-machine straw, prompting upgrades to individually packaged straws. In Saskatchewan, tow truck driver Clint rescued a moose frozen in lake ice and it recovered overnight.5 Good News Stories is a daily podcast with five positive, uplifting news stories to brighten your day. New episodes every day. Follow on Apple Podcasts, Spotify, or wherever you listen. Part of the Caloroga Shark Media networkJohn also hosts Daily Comedy NewsUnlock an ad-free podcast experience with Caloroga Shark Media!  For Apple users, hit the banner which says Uninterrupted Listening on your Apple podcasts app. Subscribe now for exclusive shows like 'Palace Intrigue,' and get bonus content from Deep Crown (our exclusive Palace Insider!) Or get 'Daily Comedy News,' and '5 Good News Stories' with no commercials! Plans start at $4.99 per month, or save 20% with a yearly plan at $49.99. Join today and help support the show!Get more info from Caloroga Shark Media and if you have any comments, suggestions, or just want to get in touch our email is info@caloroga.com

Pulaski is often built up into an almost mythic figure who represents patriotism, bravery, freedom, independence, and the U.S. as a melting pot. a nation of immigrants. But there’s also a very different version of his story. Research: “Benjamin Franklin to George Washington, 29 May 1777,” Founders Online, National Archives, https://founders.archives.gov/documents/Franklin/01-24-02-0072. [Original source: The Papers of Benjamin Franklin, vol. 24, May 1 through September 30, 1777, ed. William B. Willcox. New Haven and London: Yale University Press, 1984, p. 98.] https://founders.archives.gov/documents/Franklin/01-24-02-0072 “General Count Casimir Pulaski: ‘The Father of the American Cavalry’: First Commander of Washington’s Cavalry; Commander of the Independent ‘Pulaski’s Legion.’” The American Catholic Historical Researches , JANUARY, 1910, New Series, Vol. 6, No. 1 (JANUARY, 1910). Via JSTOR. https://www.jstor.org/stable/44374799 American Battlefield Trust. “Casimir Pulaski.” https://www.battlefields.org/learn/biographies/casimir-pulaski Britannica Editors. "Confederation of Bar". Encyclopedia Britannica, 1 Sep. 2023, https://www.britannica.com/topic/Confederation-of-Bar. Accessed 20 May 2026. Britannica Editors. "Confederation of Bar". Encyclopedia Britannica, 1 Sep. 2023, https://www.britannica.com/topic/Confederation-of-Bar. Accessed 21 May 2026. Britannica Editors. "Kazimierz Pułaski". Encyclopedia Britannica, 2 Mar. 2026, https://www.britannica.com/biography/Kazimierz-Pulaski. Accessed 20 May 2026. Britannica Editors. "Polish-Lithuanian Commonwealth". Encyclopedia Britannica, 3 Dec. 2025, https://www.britannica.com/place/Polish-Lithuanian-Commonwealth. Accessed 21 May 2026. Britannica Editors. "Stanisław II August Poniatowski". Encyclopedia Britannica, 8 Feb. 2026, https://www.britannica.com/biography/Stanislaw-II-August-Poniatowski. Accessed 21 May 2026. Byczkiewicz, Romuald K. “For Your Freedom and Ours: Casimir Pulaski, 1745-1779.” Sarmatian Review(Vol. 26, Issue 1). George Washington’s Mount Vernon. “Casimir Pulaski.” https://www.mountvernon.org/library/digitalhistory/digital-encyclopedia/article/casimir-pulaski Georgia Southern University. “Georgia Southern researchers solve Casimir Pulaski mysteries, subject of Smithsonian Channel’s ‘America’s Hidden Stories: The General Was Female?’” 3/28/2019. https://www.georgiasouthern.edu/2019/03/28/georgia-southern-researchers-solve-casimir-pulaski-mysteries-subject-of-smithsonian-channels-americas-hidden-stories-the-general-was-female-free-screening-on-arm Hautzinger, Daniel. “Who Was Casimir Pulaski, the Polish Revolutionary War Hero Honored with a Holiday and Street in Chicago?” WTTW. 11/17/2025. https://www.wttw.com/playlist/2025/11/17/casimir-pulaski-revolutionary-war Jones, Charles C. Jr. “Casimir Pulaski: An Address Before the Georgia Historical Society.” 1/13/1871. Savannah. 1873. https://polona.pl/item-view/8e95b726-b73c-4a27-9070-d7750b57cc4f Jones, Charles Colcock. “Sepulture of Major General Nathanael Greene : and of Brig. Gen. Count Casimir Pulaski.” Augusta, Ga, 1855. https://archive.org/details/sepultureofmajor00jonerich/ Kajencki, Francis C. “Casimir Pulaski, Cavalry Commander of the American Revolution.” Southwest Polonia Press. 2002. Kajencki, Francis C. “The Pulaski Legion in the American Revolution.” Southwest Polonia Press. 2004. Makarewicz , Stanislaw. “The Four Birth Records of Kazimierz Pulaski.” https://www.poles.org/birth.html Manning, Clarence A. “Casimir Pulaski, a Soldier of Liberty.” Bulletin of the Polish Institute of Arts and Sciences in America, January, 1944,Vol. 2, No. 2 (January, 1944). Via JSTOR. https://www.jstor.org/stable/24725053 Moyer, Del-Louise. “Rebecca Langley and the Pulaski Banner.” Pennsylvania German Blog. 11/22/2015. https://alyssumarts.com/2015/11/22/rebecca-langley-and-the-pulaski-banner/ National Archives. “Revolutionary War Pension and Bounty Land Warrant Application File R. 8205, for Eleazer Phillips, South Carolina.” NAID: 196395780. https://catalog.archives.gov/id/196395780? National Park Service. “Casimir Pulaski Memorial.” https://www.nps.gov/nama/planyourvisit/pulaski.htm National Park Service. “Casimir Pulaski.” Fort Pulaski National Monument. https://www.nps.gov/people/casimir-pulaski.htm Pienkos, Angela. “Bicentennial Look at Casimir Pulaski: Polish, American and Ethnic Folk Hero.” Polish American Studies , Spring, 1976, Vol. 33, No. 1 (Spring, 1976). Via JSTOR. https://www.jstor.org/stable/20147942 Pinkowski, Jack. “Mysteries Surrounding Casimir Pulaski.” "Bialy Orzel," April 18, 2008, p. 26-27. https://www.poles.org/L_Kaz/E_Kaz.html Pula, James S. “Pułaski at Savannah: A Journey through Fact and Fiction.” The Polish Review, Vol. 67, No. 4 (2022), pp. 5-33 (29 pages). Via JSTOR. https://www.jstor.org/stable/48805968 Pula, James S. “Whose Bones Are Those?: The Casimir Pulaski Burial Controversy.” The Georgia Historical Quarterly , 2016, Vol. 100, No. 1 (2016). Via JSTOR. https://www.jstor.org/stable/43855885 Somers, Jennifer. “Who was Casimir Pulaski? Why does Illinois celebrate him?” KSDK. 3/6/2023. https://www.ksdk.com/article/news/history/casimir-pulaski-day-illinois-meaning-first-monday-in-march/63-2698e93d-1c82-4e42-ac52-4ab47903ccde Spencer, Richard Henry. “Pulaski's Legion.” Maryland Historical Magazine. September 1918. Ungvarsky, Janine. “Casimir Pulaski.” Ebsco. https://www.ebsco.com/research-starters/military-history-and-science/casimir-pulaski United States Senate. “Ex. Doc. No. 120: Reports of the Secretaries of State, War, an d the Treasury, respecting the services of Count Pulaski.” Wickham, Jonathan, director. “The General was Female?” Smithsonian Channel - America's Hidden Stories. 4/8/2019. Williams, Henry. “An address delivered on laying the corner stone of a monument to Pulaski, in the city of Savannah.” Commissioners of the Monument Fund. 1855. https://archive.org/details/addressdelivered00geor/ Wizevich, Eli. “Discover the Short Life and Long Legacy of Casimir Pulaski, a Polish Cavalry Officer Who Became an American Revolutionary Hero.” Smithsonian. 3/6/2025. https://www.smithsonianmag.com/history/discover-the-short-life-and-long-legacy-of-casimir-pulaski-a-polish-cavalry-officer-who-became-an-american-revolutionary-hero-180986162/ See omnystudio.com/listener for privacy information.

In this episode, Paul Galloway of Strategic Treasurer discusses liquidity stress testing and how treasury teams can prepare for market shocks and operational disruptions. The conversation explores sensitivity testing, scenario analysis, supply chain vulnerabilities, funding risks, counterparty exposure, and contingency planning. They also examine the differences between corporate liquidity stress testing and regulatory bank stress testing, while emphasizing the importance of escalation paths, liquidity buffers, contingent capital facilities, and embedding stress testing into ongoing treasury planning processes. Company Website: Strategic Treasurer: https://strategictreasurer.com

US futures are trading higher, while European markets opened with strong gains. The US dollar has weakened noticeably, with most Asian currencies strengthening except the yen. Treasury yields are up at the short end but down at the long end, and sovereign yields in Asia have declined. Crude oil prices are lower, although Brent and WTI have recovered somewhat from their lows. Precious metals are showing solid strength, base metals remain supported, and cryptocurrencies are trading higher as well. The US and Iran have confirmed that a deal to end their conflict has been reached, with a signing ceremony scheduled for 19-Jun in Switzerland. The Strait of Hormuz will reopen once the agreement is signed, although President Trump noted that time will be needed to clear mines. Trump also stated that shipping will resume without tolls and that the US will immediately end its naval blockade. However, it remains unclear how the reopening of the Strait will align with Iran's ongoing assertion of sovereignty and its claimed right to collect fees. Companies Mentioned: Woodside Energy Group, Exxon Mobil, Uniper, ByteDance, Shanghai Iluvatar CoreX Semiconductor

VulnCheck's Patrick Garrity on the NVD collapse, the first real AI disclosure wave, and why remediation, not finding bugs, is the bottleneck.DescriptionVulnerability management spent years as the chore everyone dreaded, and now it is one of the hottest topics in security because attackers made exploitation the number one way in. Patrick Garrity of VulnCheck rejoins the show to separate what is real from what is marketing. We get into the honest state of the NIST National Vulnerability Database after CISA pulled its funding, the new AI executive order that wants a clearinghouse for AI-discovered vulnerabilities, the first measurable wave of AI-assisted disclosures, and Patrick's audit of Anthropic's Glasswing ledger. We also dig into why cheap AI discovery makes the remediation bottleneck worse, how AI is raising the security poverty line, and whether the 90-day disclosure model still holds.Key takeawaysVulnerability management is hot again because attackers made it the top way in. As Patrick puts it, attention flows to wherever the attacker goes, and right now that is exploitation.The NIST NVD breakdown was worse than a backlog. A recent report confirmed CISA had stopped funding the NVD and NIST lost about half its funding, with no real plan to clear the backlog, which quietly hurts every defender who relies on enriched CVE data.A new AI executive order wants a clearinghouse for AI-discovered vulnerabilities, reportedly under Treasury. Patrick's reaction is that we already have a vulnerability database, the program is optional, and it may turn into a marketing race more than a coordination win.The first measurable AI disclosure wave is real. CVE volumes are up 563 percent for Chrome and GitHub advisories up 470 percent year to date, and Patrick separated genuine AI-assisted discovery from AI slop and from bugs that merely live in AI software by correlating researchers, domains, and email addresses across multiple advisory sources.Patrick audited Anthropic's Glasswing ledger and found the transparency lacking. He had around 80 vulnerabilities in his own database while the public ledger listed 27, several items had blown past their own 90-day disclosure window, and the ledger had not been updated in two weeks.Finding vulnerabilities is not the bottleneck, remediation is. AI makes discovery cheap, but the coordinated disclosure and fix process takes enormous human effort, and the median time to remediate even known exploited bugs is still measured in weeks.Exploitation looks like it is sustaining rather than surging. CISA KEV and VulnCheck KEV are tracking similar year-over-year volumes, partly because attackers already have more than enough to target and partly because you can only count the exploitation you can actually detect.AI is raising the security poverty line, at least for now. Token costs and access-restricted tools concentrate the most powerful discovery capabilities among well-funded teams, while smaller organizations lack the expertise to turn open-weight models into working vulnerability harnesses.The economics are circular. AI drives the surge in findings and attacker velocity, and AI is then sold as the fix, so teams pay to surface the problem and pay again to remediate it, all on consumption-based pricing against finite budgets.The 90-day disclosure norm mostly holds, though it may tighten. VulnCheck runs a strict 120-day policy with no exceptions and averages 45 to 48 days to fix and disclose, and for open source the fixing commit often makes the flaw public anyway.

This podcast of US History Repeated is all about the Fraunces Tavern in NYC. Jeananne is joined by Melissa Lauer, Manager of Programs and Events at Fraunces Tavern Museum. Fun facts you will learn more about in this podcast about the Fraunces Tavern: 1. It was a place that the British soldiers frequented when they took over NY during the revolutionary war and was a source of information to Washington and the army via spying. 2. It is the oldest barin NYC, and is still operational as a restaurant / tavern, serving 18th century fare, as well as a museum.  3. It is the place where George Washington gave his farewell speach as general and turned power back to congress 4. It was used as a government building after the war and housed the original Foreign Affairs (State Dept), Dept of War, and Board of the Treasury.   There is always more to learn! -Jimmy & Jean Links for the show notes: Our admissions page, with information on our hours and offerings: https://www.frauncestavernmuseum.org/admissions   Our exhibitions page, with information on Path to Liberty: The Emergence of a Nation, as well as The Birch Trials and other exhibitions: https://www.frauncestavernmuseum.org/current-exhibitions   Our calendar of events showing our upcoming programming, which often includes hybrid lectures available both in person and on Zoom: https://www.frauncestavernmuseum.org/events-calendar  

In this episode of the Excess Returns Weekly Wrap, Jack Forehand and Matt Zeigler break down two major conversations with Mike Green and Vanguard's Joe Davis. The discussion connects passive investing flows, mega-cap concentration, AI-driven productivity, fiscal deficits, demographics, and the possibility that markets are being reshaped by forces most investors do not fully understand.Topics covered:* Why passive investing can act like a fire hose into the largest stocks* How market-cap weighting can amplify flows into mega-cap, high-volatility companies* The connection between passive flows, factor investing, size, beta, and volatility* Why Mike Green sees passive flow dynamics changing market behavior* How buy-the-dip behavior, ETF flows, CTAs, and volatility control funds can reinforce rallies* Vanguard's megatrends framework for technology, demographics, deficits, and globalization* Why long-term structural trends can affect short-term growth, inflation, and markets* Joe Davis's case that AI could be more transformative than the personal computer* The risk that AI only automates work rather than augmenting workers and creating new industries* Why disappointing AI adoption could bring fiscal deficits, inflation pressure, and higher Treasury yields back into focusTimestamps:00:00 Passive flows, AI, and the biggest forces shaping markets03:38 Mike Green on passive investing as a market liquidity fire hose08:26 The passive flow premium and why large-cap stocks keep winning12:00 Joe Davis on technology, demographics, deficits, and globalization16:20 Mike Green on whether passive flows can reverse20:46 Buy-the-dip behavior, ETF inflows, and market volatility21:25 Joe Davis on AI, deficits, and the future of U.S. growth25:04 The 20% probability of a 9% 10-year Treasury yield29:00 Why AI could be more powerful than the personal computer34:10 Final thoughts on Mike Green, Joe Davis, and the Excess Returns network

The corporate world has never before had access to so much rich data and fast connectivity. But will this exciting new terrain really change how treasury operates? A recent TMI podcast recorded at Treasury 360 in Gothenburg, Sweden, uncovers the reality of real-time. Lena Myklebust, Head of Cash Management Infrastructure, Equinor, and Christof Hofmann, Global Head of Cash Management, Deutsche Bank, are your guides.

Former Armed Forces Minister Al Carnes made headlines when he followed Defence Secretary John Healey out the door — and now he's telling us exactly why. In a frank and at times fiery exchange with Julia Hartley-Brewer, Carnes lays bare the uncomfortable truth: Britain is preparing for the last war, not the next one, and the Treasury's refusal to meaningfully fund defence is leaving this country dangerously exposed.With Russia on the march, threats multiplying in the Middle East, and intelligence agencies warning of potential attack by 2030, Carnes argues that national security must become the central, cohering function of government — not an afterthought buried beneath fiscal rules. He also clashes head-on with Julia over welfare reform, the two-child benefit cap, youth unemployment, and whether Nigel Farage and Reform are offering real solutions or simply selling umbrellas in a storm of their own making.Then, veteran broadcaster and journalist Andrew Neil delivers his characteristically sharp verdict on the government's social media ban — sceptical, probing, and cutting straight to the heart of who's really responsible for protecting children online. He also takes aim at Keir Starmer's hollow posturing on the world stage, questions whether Andy Burnham is remotely ready for Number 10, and pays tribute to the late Roy Hattersley — a politician from an era when serious people did serious politics.Julia Hartley-Brewer broadcasts on Talk from Monday to Thursday, 10AM to 1PM.Available on YouTube and streaming platforms, along with DAB+ radio and your smart speaker. Hosted on Acast. See acast.com/privacy for more information.

Kevin Warsh, now Federal Reserve Chair, held his first public briefing on the U.S. economy, signaling a new phase for rate policy, balance sheet management, and communication. His background includes service as a Fed governor from 2006 to 2011, experience at Morgan Stanley, and a fellowship at the Hoover Institution. Founders and lenders will watch how guidance affects the federal funds rate, the prime rate, and SOFR linked borrowing costs. SBA 7(a) loans, which totaled about $27.5 billion in fiscal year 2023, often have variable rates capped at spreads over prime, making Fed policy a key input to payments. Longer term yields tied to the ten year Treasury will influence leases, equipment financing, and real estate decisions. The Fed meets eight times per year, and Warsh's approach to the two percent inflation target and forward guidance will shape financial conditions into the second half of 2026.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Marty sits down with Vince Lanci to discuss his new book As Good as Gold, why the global financial system actually runs on collateral rather than currency, and how a quiet, controlled transition is underway from U.S. Treasuries to gold, Bitcoin, and a multipolar collateral framework. Vince on X: https://x.com/Sorenthek As Good As Gold: https://vblgoldfix.substack.com/p/as-good-as-gold-the-return-of-real STACK SATS hat: https://tftcmerch.io/ Our newsletter: https://www.tftc.io/bitcoin-brief/ TFTC Elite (Ad-free & Discord): https://www.tftc.io/#/portal/signup/ Discord: https://discord.gg/yHGkvYxdqT Opportunity Cost Extension: https://www.opportunitycost.app/ Shoutout to our sponsors: Bitkey https://bitkey.world/ Aven https://www.aven.com/bitcoin CrowdHealth https://www.joincrowdhealth.com/tftc Unchained https://unchained.com/tftc/ Salt of the Earth: https://drinksote.com/tftc Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Newsletter tftc.io/bitcoin-brief/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Nostr https://primal.net/tftc Follow Marty Bent: Twitter https://twitter.com/martybent Nostr https://primal.net/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://www.tftc.io/tag/podcasts/

On 25 February 2026, MMT UK launched with a flagship public event featuring Professor Bill Mitchell, one of the original architects of Modern Monetary Theory, alongside the publication of MMT UK's first policy paper - "A Job Guarantee for the UK". This is the audio of that event. Special thanks to Damian Coldwell for recording and post-production, and Chris Bland for the transcript (see attached PDF in show notes).   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     Relevant to this episode: "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/ Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR  More info on the event here: https://mmtuk.org/news/bill-mitchell-event-feb2026/  Watch a 15-minute introductory film on the Job Guarantee, featuring Patricia Pino, Pavlina Tcherneva, and Daniel Kostzer: https://mmtuk.org/research/job-guarantee/ Patricia's Substack: https://steadystate.patriciapino.com   All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/MMTpodcast/posts/episode-213-live-160920016

USAA is returning nearly one billion dollars to Florida policyholders following legal reforms that have dramatically reduced frivolous claims and litigation costs in the state's notoriously troubled insurance market. This is a powerful case study in how regulatory and legal environments — not just weather — drive insurance affordability across the country.Today's Stocks & Topics: Alexandria Real Estate Equities, Inc. (ARE), Market Wrap, Berkshire Hathaway Inc. (BRK-B), Schwab U.S. Dividend Equity ETF (SCHD), Steel Dynamics, Inc. (STLD), Florida Home Insurance Reform Is Working — And It Could Reshape the Entire Market, Vanguard Small-Cap Value Index Fund ETF Shares (VBR), iShares MSCI Indonesia ETF (EIDO), Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK), Spacex (SPCX), Vanguard Total World Stock Index Fund ETF Shares (VT), The U.S. Treasury issues Treasury Bills (T-Bills).Our Next Wealth Webinar: “Beyond the Yield: How to Invest for Your Income Needs” June 30th, 2026 - 12:00 pmTo sign up: https://us06web.zoom.us/webinar/register/5717793889555/WN_XuoDgMVwSv6wZXXurrZTLgOur Sponsors:* Check out Anthropic and use my code Claude.ai/invest for a great deal: https://www.anthropic.com* Check out Chilipad and use my code sleep.me/INVEST for a great deal: https://sleep.me* Check out Plaud AI and use my code INVEST for a great deal: https://plaud.ai* Check out Progressive: https://www.progressive.com* Check out Quince and use my code quince.com/invest for a great deal: https://www.quince.com* Check out Scribe and use my code scribe.how/invest for a great deal: https://scribe.com* Check out TaskRabbit and use my code INVEST for a great deal: https://taskrabbit.com* Check out TruDiagnostic and use my code INVEST20 for a great deal: https://www.trudiagnostic.comAdvertising Inquiries: https://redcircle.com/brands

In his relentless pursuit of a deal with Iran, Donald Trump has now returned to military escalation, resuming combat operations and warning that the United States will seize Iran's key oil export hub on Kharg Island. This so-called moderate ceasefire signals a renewed campaign of punishing strikes on Iran until it agrees to terms set by the administration's negotiating team. As Miad explains, however, Iran's hardline is not the “leverage” Tehran believes it to be, because Iran ultimately must reopen the Strait of Hormuz for its own economic survival. But at this moment, Donald Trump has no viable partner for peace, and Iran will likely never offer such an option. As Marc and Dany point out, there is no Iranian Delcy Rodríguez, and these kinds of arrangements have expiration dates, particularly as 2028 approaches. As long as the sole measure of success in Iran is a negotiated deal, the Iranians hold the power to decide whether victory is possible. It is up to Trump to decide whether that's acceptable.Miad Maleki is a senior fellow at the Foundation for Defense of Democracies (FDD), former senior U.S. sanctions strategist and national security leader, and former associate director for the Treasury's Office of Global Targeting at the Office of Foreign Assets Control (OFAC). Miad played a central role in marshalling the Treasury Department's sanctions campaigns against the Iranian regime and its proxy groups: Hezbollah, Hamas, Iraqi Shiite militias, and the Houthis. He is also a U.S. Air Force Veteran.Read the transcript here.Subscribe to our Substack here.

When everything is a scam, of course they aren't going to talk! PLUS, Luke Wake, attorney at Pacific Legal Foundation's Separation of Powers practice, tells Shaun about a case he is working on challenging the Bank Secrecy Act where the government gives the Treasury permission to spy on your financial transactions. And Joe Persaud, COO of the American Transit Insurance Company, discusses the opportunistic fraud in the transportation sector and how using blockchain technology as a solution to stop the fraud.See omnystudio.com/listener for privacy information.

In this episode, Collin Martin and Liz Ann Sonders focus on the outlook for equities, fixed income, and the overall U.S. economy in the second half of 2026. They begin by discussing recent inflation data, noting that while CPI remains elevated, core inflation came in slightly better than expected. Both agree inflation is not quickly returning to the Fed's target, but easing expectations and stable inflation expectations suggest the Federal Reserve can remain patient for now. The key risk is whether higher prices, especially at the pump, begin to erode consumer spending, as real wages have turned negative year over year. From a policy perspective, Collin expects the Fed to stay on hold through year-end, despite the fed funds futures market pricingin a potential hike. He emphasizes that short-term yields should remain steady, while longer-term Treasury yields may stay elevated due to persistent inflation, heavy Treasury issuance, and global rate pressures. In this environment, he suggests favoring short-to-intermediate bond durations and selectively considering credit risk via investment-grade corporates, high yields, and preferred securities. Liz Ann focuses on the outlook for equity investors, highlighting a shift back to a negative correlation between bond yields and stocks—more characteristic of inflation-driven regimes. Her midyear forecast points to a solid economic backdrop, led by resilient GDP growth, strong capital spending tied to AI, and a healthy labor market, though some early warning signals are emerging in survey-based employment data. The episode closes with a cautious but constructive outlook: no immediate recession signals, but investors should consider prioritizing diversification, risk management, and periodically rebalancing as markets navigate inflation, policy uncertainty, and evolving leadership trends. On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.  If you enjoy the show, please leave a rating or review on Apple Podcasts. Important Disclosures This material is intended for general informational and educational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The securities, investment products and investment strategies mentioned are not suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions. All expressions of opinion are subject to change without notice in reaction to shifting market, economic or political conditions. Data contained herein from third party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Past performance is no guarantee of future results. Investing involves risk, including loss of principal. Performance may be affected by risks associated with non-diversification, including investments in specific countries or sectors. Additional risks may also include, but are not limited to, investments in foreign securities, especially emerging markets, real estate investment trusts (REITs), fixed income, municipal securities including state specific municipal securities, small capitalization securities and commodities. Each individual investor should consider these risks carefully before investing in a particular security or strategy. Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks including changes in credit quality, market valuations, liquidity, prepayments, early redemption, corporate events, tax ramifications, and other factors. Lower rated securities are subject to greater credit risk, default risk, and liquidity risk. Treasury Inflation Protected Securities (TIPS) are inflation-linked securities issued by the US Government whose principal value is adjusted periodically in accordance with the rise and fall in the inflation rate. Thus, the dividend amount payable is also impacted by variations in the inflation rate, as it is based upon the principal value of the bond. It may fluctuate up or down. Repayment at maturity is guaranteed by the US Government and may be adjusted for inflation to become the greater of the original face amount at issuance or that face amount plus an adjustment for inflation. Treasury Inflation-Protected Securities are guaranteed by the US Government, but inflation-protected bond funds do not provide such a guarantee. Preferred securities are a type of hybrid investment that share characteristics of both stock and bonds. They are often callable, meaning the issuing company may redeem the security at a certain price after a certain date. Such call features, and the timing of a call, may affect the security's yield. Preferred securities generally have lower credit ratings and a lower claim to assets than the issuer's individual bonds. Like bonds, prices of preferred securities tend to move inversely with interest rates, so their prices may fall during periods of rising interest rates. Investment value will fluctuate, and preferred securities, when sold before maturity, may be worth more or less than original cost. Preferred securities are subject to various other risks including changes in interest rates and credit quality, default risks, market valuations, liquidity, prepayments, early redemption, deferral risk, corporate events, tax ramifications, and other factors. High-yield securities and unrated securities of similar credit quality (junk bonds) are subject to greater levels of credit and liquidity risks and may be more volatile than higher-rated securities. High-yield securities are considered predominately speculative with respect to the issuer's continuing ability to make principal and interest payments. All names and market data shown are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Forecasts contained herein are for illustrative purposes only, may be based upon proprietary research and are developed through analysis of historical public data. The policy analysis provided by Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party. Indexes are unmanaged, do not incur management fees, costs, and expenses and cannot be invested in directly. For more information on indexes, please see schwab.com/indexdefinitions Negative correlation refers to investments that tend to move in opposite directions: when one rises, the other falls. A hyperscaler is a large-scale cloud service provider that offers vast computing, storage, and networking resources through a distributed infrastructure of interconnected servers and software. (0626-WG7N)   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Morgen and Pierre discuss how the AI boom is related to the Bitcoin bear market and the role of bitcoin treasury companies.

‘If you were Prime Minister, genuinely trying to sort this out, you would not have allowed the Treasury to put out the quote that they did.'Former Defence Secretary Dame Penny Mordaunt criticises Keir Starmer for not ‘battling' the Labour backbenchers, warning that the next person to take the role of Defence Secretary needs to secure guarantees for the future budget and NATO's requirements.Prime Minister Sir Keir Starmer has issued a public rebuke to John Healey following his shock resignation as Defence Secretary. Healey stepped down after a disagreement over the UK's military investment strategy, warning that current funding models leave the nation exposed. Starmer responded by asserting that the current increases in defence spending remain sustainable and fair. Hosted on Acast. See acast.com/privacy for more information.

Just before the UK voted to leave the EU in June 2016, the Treasury (and others) warned the consequences would be catastrophic. GDP would fall and unemployment would rise, Sterling would dip and government borrowing would climb. The shock of Brexit would plunge the UK into a recession. Ten years later, it's clear some of those predictions were wide of the mark. But Brexit has made the UK's economy smaller. As would-be Labour leaders Wes Streeting and Andy Burnham openly discuss the case for rejoining the EU, Soumaya asks Anand Menon, head of the UK in a Changing Europe think-tank, what the UK's relationship with the EU should look like. They discuss the UK's surprising areas of economic outperformance, why Labour's “red lines” are hampering its trade ambitions and what the EU would demand if the UK moved to rejoin.Further reading:Andy Burnham plays down rejoining EU after Wes Streeting advocates Brexit reversalTen years on, what's next for Brexit? You asked, we answeredBritain re-entering the EU ‘an inevitability', says Treasury ministerSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Presented by Soumaya Keynes. Produced by Mischa Frankl-Duval. Original music and sound design by Breen Turner. Manuela Saragosa is the executive producer. Flo Phillips is the FT's head of audio.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A tumultuous week for Britain's faltering rearmament plans sees Defence Secretary John Healey resign from Keir Starmer's cabinet, saying the prime minister and the Treasury lack the will to properly fund the defence of the nation. Al Carns, the armed forces minister, also resigned saying the government's long-awaited Defence Investment Plan (DIP) was 'not built for the threat we face'. The departures raise further questions over whether the DIP can address the costs and trade-offs involved in strengthening UK defence. Meanwhile, European leaders struggle to coordinate their own rearmament amid concerns that America will withdraw from the defence of the continent. Bronwen Maddox looks at the defence predicament in the UK and Europe, with UK in the World Programme director Olivia O'Sullivan, and International Security Programme director Marion Messmer. Produced by Podmasters for Chatham House.   Read Chatham House's latest: Comment | The FCAS fighter jet looks like it's dead. Could that be a good thing? Comment | Will the UK's Defence Investment Plan finally be honest about Britain's defence?  Comment | John Healey's resignation highlights profound strategic failure in the UK government's approach to defence Audio | The Climate Briefing podcast

Don and Tom tackle rising bond yields and the anxiety they create for investors, explaining why higher bond yields mean lower bond prices and why recent moves in long-term Treasury rates have sparked comparisons to the period before the 2008 financial crisis. They discuss inflation fears, interest rate policy, and why investors should be cautious about reading too much into bond market movements as predictors of future stock returns. The conversation reinforces the role of bonds as portfolio stabilizers rather than return generators, particularly for retirees. They also answer a listener question about covered-call ETFs, explaining how option premiums create income, why the strategy isn't “magic money,” and the tradeoffs between yield, complexity, and risk. The episode closes with a correction involving Robert Wagner and Robert Conrad and a humorous detour into reverse-mortgage celebrity spokespeople.0:05 Bond investing versus “bondage” and why bonds are suddenly making headlines1:07 Rising Treasury yields and concerns about the bond market2:30 Why investors compare today's bond yields to conditions before 20083:00 Bond prices, bond yields, and the inverse relationship between them3:51 Inflation fears, energy prices, and their impact on bonds5:50 Global bond market pressures and rising yields in Britain7:06 Federal Reserve rate expectations and inflation control7:51 Lessons from the bond market collapse of 20228:36 Can bond market activity predict future recessions or market declines?10:06 Why geopolitical events often fail as market-timing signals10:31 Why own bonds when long-term returns have been disappointing?11:03 The role of bonds in diversification and retirement portfolios12:06 Using bonds as a spending reserve during stock market declines13:07 Listener question: How covered-call ETFs generate income14:18 Covered-call basics and selling options against stocks17:26 Risks, costs, and limitations of covered-call strategies19:38 Evaluating JEPI and the tradeoff between yield and volatility21:22 Listener correction: Robert Wagner versus Robert Conrad24:01 Reverse-mortgage spokespeople and celebrity rankings25:34 Why making a top-five list may be life's greatest achievementQuestions? Comments? Click!

John Healey has resigned as Defence Secretary. In a blistering letter to the Prime Minister, he said: ‘You have been unable, and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising threats.'This comes after Keir Starmer failed even to secure the derisory sum of money he had demanded from the Treasury and the cabinet to modernise Britain's forces following the recommendations of the Strategic Defence Review. The timing is equally devastating, as Starmer is heading to the G7 summit on Monday, where he will have to face Donald Trump.So what does this mean for Starmer's premiership? Will more resignations follow – or will the missiles turn on the Treasury and Rachel Reeves's reluctance to cough up? And who will take on the poisoned chalice of the defence brief now?Noa Hoffman speaks to Tim Shipman and James Heale.Produced by Oscar Edmondson.Become a Spectator subscriber today to access this podcast without adverts. Go to spectator.co.uk/adfree to find out more.For more Spectator podcasts, go to spectator.co.uk/podcasts.Contact us: podcast@spectator.co.uk Hosted on Acast. See acast.com/privacy for more information.

The defence secretary, John Healey, said he had "no option" but to resign over the financial settlement for the government's defence investment plan. In a letter to the Prime Minister he said that the Treasury had been "unwilling" and that Sir Keir Starmer was "unable" to provide the necessary resources to keep the country safe. In other news: for the first time, the government has published the number of NHS patients in England receiving care outside formal treatment areas; and the 2026 World Cup is due to get under way.

On this June 11, 2026 episode of Right On Radio, host Jeff delivers rapid-breaking coverage and big-picture analysis of the day's most consequential stories. He opens with major international developments in the Iran conflict — including U.S. strikes, reported destruction of Iranian defense capabilities, claims about taking Karg Island (a key oil distribution hub), and how control of oil flows mirrors the U.S.–Venezuela model. Jeff connects kinetic military action to a larger battle over the global financial system and the coming shift toward digital currency. The show features and analyzes clips from President Donald J. Trump — on oil interdiction, expected drops in energy prices, the possibility of normalizing Iran through the Abraham Accords, and comments about regime change. Jeff also touches on Q-related communications, Guantanamo imagery, and strategic messaging around Israeli politics and Gaza. Domestically, Jeff breaks down the Save America Act and election-security measures Trump discussed: mandatory photo ID, proof of citizenship, restrictions on mail-in ballots (with exemptions), and the Postal Service's reported plan for unique barcoded ballots. He reviews claims about compromised votes, gerrymandering, accountability efforts, pending arrests, and the political implications for Congress and the 2020 controversy resurfacing. The episode also explores emerging technology and economics: Trump's meeting with top AI executives, the potential of AI to reshape markets and generational wealth, and concerns about which players will dominate the next monetary order. Jeff speculates on equity shifts, data-center viability, and how AI-driven trading could be used to reallocate global assets. North American geopolitics and trade receive attention as well — from U.S.–Canada tensions and the USMCA renewal question to discussions of Canada's internal crises and the idea of tighter continental integration. Jeff plays a highlighted Canadian clip and explains how trade and security friction are influencing broader strategy. Additional items covered: military and diplomatic maneuvers in the Gulf and Cuba (Pete Hegseth and others), domestic policy moves (mortgage/capital gains proposals and Treasury actions), disclosure and the Mass Deception series promotions, sponsor mentions (mushroom supplements and pet treats), and a personal update from Jeff about serious eye-health news and an appeal for listener support. What to expect: hard-hitting commentary that links battlefield events to financial and geopolitical transformations, audio clips from high-profile figures, policy breakdowns affecting elections and trade, technology and AI implications for wealth distribution, and a blend of news, faith-based perspective, and calls-to-action for Jeff's ongoing series and community support. Thank you for Listening!. Prayerfully consider investing support to continue spreading the word. ZPlease like, subscribe and share. Click Here for all links, Right on Community ROC, Podcast web links, Freebies, Products (healing mushrooms, EMP Protection) Social media, courses and more...https://linktr.ee/RightonRadio Live Right in the Real World! We talk God and Politics, Faith Based Broadcast News, views, Opinions and Attitudes Keep the Faith

The Last Trade: Matt Dines, CIO of Build Asset Management, joins to lay out the seismic monetary reshuffling underway in 2026, the unwind of the post-Bretton-Woods offshore-dollar system that ran the global economy from 1971 to 2022, why LIBOR's deprecation and the SOFR transition quietly moved the dollar's command center from London to New York, Scott Bessent's strategy to monetize the asset side of the Treasury balance sheet through the GENIUS Act stablecoin and a Bitcoin reserve targeting 1 million BTC, Tether's December 2023 alignment with the American Sovereignist movement, and the contrarian read on MicroStrategy as a "dollar strategy" rather than a Bitcoin strategy.---

The Prime Minister has said he will not paying the billions of dollars Treasury estimates is needed for New Zealand to meet its climate commitments. Treasury today said it could cost up to $5 billion to pay for overseas carbon credits, to meet a shortfall in the country's pledge to halve greenhouse gas emissions by 2030. At Fieldays in Hamilton, Christopher Luxon said New Zealand was staying in the Paris Agreement but the government won't chase emissions reductions at the expense of economic growth. Climate change correspondent Kate Newton reports.

June 11, 2026 - Chase discusses the latest “imminent” peace deal headlines, why oil markets may still need proof before accepting the Strait is truly reopening, and how much damage may already be baked into global inventories. He also breaks down PPI, Fed rate-hike pressure, long-end Treasury weakness, equity issuance from major tech names, and why even a real deal may not quickly erase the supply problem facing oil markets.

As Kevin Warsh prepares to take the reins at the Federal Reserve, a deeper question emerges: has the Fed reached the limits of what monetary policy can achieve? Cem Karsan sits down with Danielle DiMartino Booth to explore the growing tensions between inflation, debt, financialization, and political pressure. From the future of quantitative easing and Treasury market risks to the rise of populism and the long term consequences of decades of intervention, this conversation examines whether the United States is approaching a turning point that could redefine the relationship between markets, government, and the Federal Reserve.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Cem on Twitter.Follow Danielle on X.Episode TimeStamps: 00:00 - Introduction and why Kevin Warsh's arrival at the Fed matters02:25 - Warsh steps into a divided Federal Reserve05:13 - The debt problem and the pressures facing policymakers07:52 - Can Warsh avoid another era of quantitative easing?10:00 - Interest rates, inflation, and the limits of Fed policy17:53 - Revisiting Arthur Burns and the lessons of the 1970s23:02 - Treasury buybacks, debt monetization, and market stability29:27 - Populism, demographics, and the future inflation outlook37:34 - Is the Fed's mandate shifting toward managing government debt?43:06 - Sovereign wealth funds and the possibility of equity market intervention45:56 - Would merging Treasury and the Fed end central bank independence?49:59 - Has the Federal Reserve broken the natural business cycle?51:22 - Final thoughts on crisis, reform, and America's economic futureCopyright © 2025 – CMC AG – All Rights Reserved----PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here2. Daily Trend Barometer and Market Score One of the things I'm really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here3. Other Resources that can help youAnd if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click HerePrivacy PolicyDisclaimer

Patricia and Christian talk to Professor Steven Hail about the current state of economic discourse in anticipation of his upcoming workshops in Brighton (20th June, also featuring Patricia, Christian, and Green Party councillor and economist Sheridan Kates), Stockholm (27th June), and Brussels (28th June), entitled "From Austerity To Resilience - How to Build a Better Economy", which will empower participants to counter the common narrative that public investment is unaffordable or must be paid for by implementing austerity measures.   Please help sustain this podcast!  Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast   LIVE EVENTS! ANTI-AUSTERITY ECONOMICS ONE-DAY WORKSHOPS WITH PROFESSOR STEVEN HAIL IN 2026! Brighton Sat 20 June | Stockholm Sat 27 June | Brussels Sun 28 June All details: https://modernmoneylab.org.au/events/    All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767     Relevant to this episode: Episode 30 - Steven Hail: Understanding Government Bonds (Part 1) :https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2):  https://www.patreon.com/posts/29829500 Jamie Smith's substack: https://substack.com/@jgs952 Steven Hail's Substack: https://substack.com/@stevenhailaus Episode 211 - A Time-Critical Plan For UK Energy Prices And Security with Patricia Pino: https://www.patreon.com/posts/episode-211-time-159842700 From Price Taker To Price Shaper: A Time-Critical Plan For UK Energy Prices And Security" by Patricia Pino: https://mmtuk.org/research/energy-price-policy/ Patricia's energy price stabilisation work featured in The Guardian: https://www.theguardian.com/commentisfree/2026/may/28/the-guardian-view-on-energy-shocks-winter-is-coming-and-labour-needs-a-plan?CMP=share_btn_url "A Counterinflationary Job Guarantee For The United Kingdom", by Patricia Pino, Phil Armstrong and Steve Laughton: https://mmtuk.org/research/job-guarantee/  Watch a 15-minute introductory film on the Job Guarantee, featuring Patricia Pino, Pavlina Tcherneva, and Daniel Kostzer: https://mmtuk.org/research/job-guarantee/ "Understanding the Inflation Risks of Public Capital Investment: An input-output modelling approach" by Patricia Pino: https://www.ucl.ac.uk/bartlett/publications/2026/apr/understanding-inflation-risks-public-capital-investment Join the new MMT UK discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR      JOIN PATRICIA'S MMT ACTIVIST NETWORK (MMT UK): https://actionnetwork.org/forms/activist-registration-form   Join the MMT UK Discord server to connect with others looking to promote MMT and ecological economics in the UK!: https://discord.gg/S3UbxFe4FR   MMT: THE MOVIE! "Finding The Money", a documentary by Maren Poitras featuring Stephanie Kelton is now available worldwide to rent or buy: https://findingthemoney.vhx.tv/products/finding-the-money Updates on worldwide screenings of "Finding The Money" can be found here: https://findingmoneyfilm.com/where-to-watch/ To arrange a screening of "Finding The Money", apply here: https://findingmoneyfilm.com/host-a-screening/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations:  Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683  Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929    For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true    Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes:  Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/   More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs and banking regulation:  Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT and real-world economics are here: https://modernmoneylab.org.au/     Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers": https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos     Show notes: https://www.patreon.com/posts/160628876?pr=true

After newly released government documents and emails revealed a longstanding personal and professional relationship between Larry Summers and Epstein, Summers announced he will step down from his faculty position at Harvard University at the end of the 2025-26 academic year. Harvard confirmed that his decision comes amid an ongoing university review of records related to Epstein's connections with faculty and leadership, which showed Summers maintained frequent communication with Epstein over several years, including correspondence about personal matters and introductions involving women. Summers has already been on leave since late 2025 and relinquished leadership roles such as co-director of the Mossavar-Rahmani Center for Business and Government; he also resigned from high-profile board positions, including at OpenAI, as the controversy expanded.The fallout from the Epstein files has dramatically shifted Summers's standing in academia and public life. Although there is no evidence he was involved in criminal activity, the release of emails and other documents showing close ties to Epstein — including visits, frequent exchanges, and his name appearing repeatedly in the files — sparked institutional and public pressure. Summers, a former U.S. Treasury secretary and one-time Harvard president, expressed that his decision was difficult and framed it as an opportunity to focus on independent research, but his resignation underscores the broader repercussions that association with Epstein continues to have for powerful figures across academic and professional spheres.to contact me:bobbycapucci@protonmail.comsource:Larry Summers to resign as Harvard University professor amid Epstein falloutBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.

The Rod and Greg Show Daily Rundown – Tuesday, June 9, 20264:20 pm: Senator Mike Lee joins the show for his weekly conversation with Rod and Greg about what's happening in Washington, D.C., and today they'll discuss his thoughts on the LDS Church, at least initially, not being recognized as being of Christian denomination. Plus, they'll discuss why what's happening in the California primary election is why it's necessary to pass the SAVE Act.4:38 pm: Jack Tomczak, Vice President of Outreach for Americans for Citizen Voting, joins the program to discuss the question of how the idea of citizen-only voting could be controversial.6:05 pm: Anthony Iafrate, Associate Editor for The Daily Caller, joins Rod and Greg for a conversation about his piece on which party won the gerrymandering war.6:38 pm: James Thorne, Chief Market Strategist for Wellington-Altus Private Wealth, joins Rod and Greg to discuss his piece for Real Clear Politics on how Scott Bessent could be the most consequential Secretary of the Treasury since Alexander Hamilton. 

Agentic AI is already here, but treasury workflows won't be transformed by novelty features or scattered pilots. Five Truths about Making AI Work in Treasury with Grant Walker of Nestlé, Dr Arif Esa of SAP and Aniket Kulkarni of PwC

Treasury estimates it could cost up to $5 billion to pay for the overseas carbon credits New Zealand needs to honour its Paris Agreement commitments. Climate change correspondent Kate Newton spoke to John Campbell.

Mea Culpa welcomes back Reed Galen. Co-founder of The Lincoln Project and a veteran public affairs and political commentator with more than 20 years of experience, Reed has been involved in politics, government, and business at the highest levels. Galen has spent more than a decade advising Fortune 50, 100, and 1000 companies in need of high-level counsel in the fields of strategic communications, procurement, and legislation. In addition to his private sector work, Reed has managed several high-profile ballot measure campaigns in California, Texas, and Colorado – Before moving to the private sector, Reed served as Deputy Campaign Manager for John McCain's presidential campaign and Deputy Campaign Manager for Arnold Schwarzenegger's successful 2006 re-election campaign. Galen also worked on both of President George W. Bush's campaigns and served the Bush Administration at both the U.S. Department of the Treasury and the Department of Homeland Security. As founder of the Lincoln Project, Galen has lead the group's vision and created some of its most memorable attacks against Donald Trump, Ron DeSantis, and others. He is now focused on not only ridding the nation of Trump but attempting to purge the GOP of its love affair with MAGA ideology. We had the opportunity to speak to him in the midst of these historic indictments. 

The economy is not crashing. It is freezing. In this episode of The Higher Standard, Chris and Saied break down the Fed's Beige Book, a bifurcated consumer, sticky inflation, margin-squeezed businesses, and a labor market that has become low-hire, low-fire. Then the conversation turns to the real insanity: Treasury buybacks, Bitcoin liquidations, Ethereum weakness, gold replacing U.S. Treasuries as the world's top reserve asset, and SpaceX preparing for a historic IPO at a $1.77 trillion valuation. The question is simple: are we watching the next great technological leap forward, or the biggest liquidity-driven rug pull of all time?

Could the market be repeating one of the most dangerous patterns in modern history? Stocks are soaring on AI optimism while the bond market is flashing a very different message. Treasury yields are rising, U.S. debt is exploding, consumer savings are falling, and confidence is breaking down. Is this the start of a new bull market—or the setup for a historic crash?Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310 

Bob Stack is the former Managing Director of Deloitte's Washington National Tax Practice, a role he held until his recent retirement. Prior to his work for Deloitte, Bob served as the Deputy Assistant Secretary for International Tax Affairs in the Office of Tax Policy at the U.S. Department of the Treasury. In this episode of On Tax, he and Cravath partner and host Len Teti discuss how an early love of French language and international travel inspired Bob's path to tax law in front of a live audience of students, faculty and alumni at the University of Virginia School of Law. They also talk about Bob's tenure at the Treasury Department and reflect on the role senior colleagues play in building knowledge and confidence for professionals across the tax world. Hosted on Acast. See acast.com/privacy for more information.

Recorded live at the Kyriba Live in Las Vegas, this episode features Sabrina Janulis, Benjamin Seal, and Brian Gittelman sharing honest insights into treasury careers, leadership, networking, treasury transformation, and the skills needed to build long-term career growth in the profession.Here's the YouTube video of the session - https://youtu.be/YeNOj70MZMgMeet Our Guests:Benjamin Seal, Director, Global Treasury & Risk Management at Inotiv, bringing a unique perspective on treasury leadership shaped by healthcare, process transformation, and global treasury experience.Sabrina Janulis, Director of Treasury at Baxter International, known for leading treasury transformation initiatives and championing relationship-driven career growth.Brian Gittelman, Deputy Treasurer at Kapitus, sharing insights on treasury strategy, financial services, professional networking, and technology implementation.In this live panel discussion, the guests explore how treasury careers are often shaped by unexpected opportunities, strong professional relationships, and continuous learning. The conversation covers transitioning into treasury from different professional backgrounds, implementing treasury technology, managing banking relationships, and developing leadership skills that support long-term career progression.The panel also shares practical advice for treasury professionals looking to grow their careers, including how to advocate for yourself, leverage networking opportunities, and stay open to new experiences that expand your skill set.What We Cover in This Episode:Why treasury careers are rarely linearThe role of networking and mentorship in career progressionTreasury transformation and implementationManaging banking relationships and reducing banking complexityTreasury technology, AI, APIs, and data readinessThe importance of process improvement and cross-functional collaborationHow treasury professionals can position themselves for promotionsThe value of certifications like the CTPPractical strategies for advocating for yourself professionallyWhy curiosity and listening are critical leadership skillsLessons learned from treasury leadership during COVIDThe importance of understanding end-to-end treasury processes---

This week Matt unpacks two quiet heists hiding in plain sight. First, why your paycheck and savings feel like they're shrinking even when the official numbers say everything's fine — and the Harvard-written playbook the Treasury is using to pay down the national debt with your purchasing power. Then, the $250,000 home sale tax break Washington promised back in 1997 — half of it has already been silently nuked by inflation, with one in three homeowners now on track to owe capital gains on what they thought was a tax-free sale. Senators Cruz and Scott are pressuring Treasury Secretary Bessent to fix it, but you don't have to wait — Matt walks through documented strategies you can use right now to protect what you've built. Where Matt parks his cash to stay ahead of inflation → stackmybanks.com Where Matt goes for the tax planning he mentions in segment two → protectwhatsmine.com  

The unexpected blowout in the May jobs report just sent shockwaves through the financial markets, adding 172,000 jobs and more than doubling Wall Street's expectations. This undeniable economic strength severely disrupted the Federal Reserve rate cut narrative, causing treasury yields to spike and sparking an immediate repricing across yield-sensitive assets like tech stocks, real estate, and cryptocurrency.In the crypto sector, the liquidation cascade was intensified when MicroStrategy's Michael Saylor sold 32 Bitcoin, cracking his long-standing narrative to never sell and leading to a massive psychology shift among investors. Despite $1.7 billion in crypto value being wiped out in a single day and prediction markets shifting toward a potential rate hike this year, long-term fundamentals remain strong for investors who can navigate the volatility and capitalize on the capital rotation into AI infrastructure.Key Topics DiscussedImpact of the May jobs report on financial markets and stock valuationsFederal Reserve interest rate predictions and surging treasury bond yieldsMichael Saylor's unexpected Bitcoin sale and the resulting crypto psychology shiftBroadcom's AI chip guidance and the subsequent tech stock pullbackThe direct correlation between high treasury yields and asset repricingCapital rotation from cryptocurrency assets into AI infrastructureMassive institutional unrealized losses in Bitcoin and EthereumPrivate debt funds and utilizing asset-backed lending strategiesKey TakeawaysStrong economic data can negatively impact asset prices by eliminating the immediate justification for Federal Reserve rate cuts.The 10-year Treasury yield spiking above 4.5% instantly changes the economics of real estate deals and pushes out expected refinancing windows.MicroStrategy's unprecedented sale of 32 Bitcoin proved that narrative shifts can trigger rapid liquidation cascades in volatile markets.Market pullbacks are healthy corrections that offer long-term investors valuable buying opportunities at discounted asset valuations.Shifting investment strategy toward first-position, asset-backed lending can provide crucial downside protection during periods of market turbulence.Connect & Take Action:Wealth Intelligence Brief: Text "WIB" to 844-447-1555 to get Matty's free macro data, real estate intel, and crypto signals delivered to your inbox 3 times a week.Imagos Income Fund: Text "INCOME" or "DEALS" to 844-447-1555 to learn more about Matty A's private debt fund targeting 10% fixed returns paid out monthly.

Gold has officially overtaken Treasury securities (US government debt) as the top asset held by global central banks, according to a report by the European Central Bank (ECB). Ben Norton explains how dedollarization is continuing, gradually and steadily. VIDEO: https://www.youtube.com/watch?v=LmyWn2lrXBM Topics 0:00 Decline of US dollar dominance 0:55 Debasement trade 1:42 Central banks buy gold 3:59 Gold overtakes US Treasuries 5:36 Top countries buying gold 7:00 West's seizure of Russian assets 8:54 Alleged unofficial gold holdings 10:16 Falling dollar share of reserves 12:14 Reasons for fall in gold price 14:58 EU hypocrisy 16:26 China keeps buying gold 18:05 China calls for multipolar system 19:13 De-dollarization is continuing 20:32 Outro

If you've been watching commercial real estate content online lately, something probably feels off – and in this episode, I'll tell you exactly why. There are three types of people dominating the conversation right now, and each one is giving you a distorted picture of the market. The first is the seasoned operator acting like the last five years never happened: no distress, no pressure, no problem. The second is the newer player with $30 or $50 million in transactions who's convinced that makes them the master of the universe. And the third is the straw man – the one who points to everything going wrong over there so you'll think everything is going right over here. None of these perspectives are giving you the full picture. The reality is this: interest rates skyrocketed in 2022 and have stayed elevated. Insurance costs doubled or tripled in major markets. Wages went up. The 10-year Treasury is higher today than it was six months ago. The Fed isn't cutting anytime soon. And the Iran conflict is keeping energy prices – and inflation – elevated in ways that change the math on deals across the board. But here's what's also true: distressed properties are starting to come into the market. We're talking 35, 40, even 50% below today's stabilized value. That window is opening, and over the next 12 to 24 months, it's going to widen. The investor who understands what's real, what's noise, and what is the one who's going to be positioned to act on it. This episode breaks down how to think through all of it. Join Our Investor Club: https://bit.ly/4uQKadr

Kerry Lutz and Mike Manwell of Rethinking the Dollar examine the Federal Reserve's next move, rising macroeconomic risks, and the growing strain of U.S. debt markets. The discussion focuses on the Fed's "great decision" as inflation remains elevated while roughly $10 trillion in Treasury debt comes due. They explore whether policymakers will lean toward rate cuts and renewed monetary accommodation to ease fiscal pressure, and what that could mean for the dollar, markets, and global financial stability. The conversation also covers geopolitical tensions, de-dollarization risks, and the potential for major global events to accelerate emergency policy responses. Throughout the episode, they stress the importance of understanding monetary systems and preparing for increased uncertainty. Gold and silver are highlighted as key hedges, with emphasis on physical ownership, market structure concerns, and long-term purchasing power. The episode closes with practical insights on navigating an increasingly fragile economic and geopolitical environment. Find Mike here: RethinkingTheDollar Find Kerry here :https://khlfsn.substack.com and here: https://inflation.cafe    Kerry's New Book "The Armstrong Economic Code: The 5 Truths Investors Must Never Forget" is out now on Amazon!  Get your copy here:   https://a.co/d/bvYbZOz  "The World According to Martin Armstrong – Conversations with the Master Forecaster" is a #1 Best Seller on Amazon. . Get your copy here: https://amzn.to/4kuC5p5

In the thrilling finale of our Merkers Mine series, we confront the uncomfortable arithmetic of the Third Reich's stolen wealth. While the Allies recovered an astonishing 250 tons of gold at Merkers, hundreds of millions of dollars in looted Nazi gold remain completely unaccounted for to this day. Could a portion of this missing fortune have ended up deep inside a desert mountain in southern New Mexico?. To answer this, we explore the highly secretive post-war world of Operation Paperclip, which brought former Nazi rocket scientists and hundreds of train cars filled with V2 rocket components from the exact same German region as the Merkers mine directly to the White Sands Missile Range.This massive, chaotic logistical operation may have provided the perfect Trojan horse to smuggle stolen wealth into the United States. We delve into the tantalizing, controversial theory that diverted Nazi bullion was shipped alongside the rocket parts, meticulously concealed in crates falsely labeled as Volkswagen engines that were calibrated to match the exact weight of a real engine. The destination for these mysterious crates was White Sands—the home of Victorio Peak, a mountain already famous for a legendary Spanish gold discovery made by Doc Noss years earlier.The historical anomalies surrounding this peak are impossible to ignore. When two airmen secretly entered Victorio Peak in 1958, they didn't describe finding crude, centuries-old Spanish colonial ingots; they reported seeing modern, smelted, brick-shaped gold bullion stacked in orderly, military-style pyramids. Tying this massive web together is a chilling final revelation: Leland Howard, the powerful U.S. Treasury official sent to Frankfurt to oversee the captured Merkers gold in 1945, is the exact same man who later orchestrated the military's top-secret excavations and the suppression of the Noss family claims at Victorio Peak. The prelude is now complete. Join us as we close the book on the Merkers Mine and prepare to step fully into the enduring mystery of the Noss Gold.

#721: The US economy showed robust job growth in May, adding 172,000 new jobs, exceeding expectations. This suggests a broadening of economic recovery beyond essential services. Treasury yields have climbed significantly, reflecting investor concerns about inflation. Inflation remains a significant concern, driven largely by surging energy costs. And there's good news emerging in prescription drug prices. We're going to discuss all of this and more in the June 2026 First Friday episode. Timestamps: Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) May jobs surge (04:31) Fed rate hike outlook (06:08) Bond yields and stocks (11:57) Home prices keep falling (16:15) Austin housing correction (17:18) Inflation and energy costs (21:21) Gas prices hit budgets (23:05) Consumer sentiment weakens (28:11) JPMorgan market outlook (29:14) Mag Seven loses dominance (33:04) Prescription drug prices drop (39:24) SpaceX IPO plans and demand Resources: JP Morgan article: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets Free download: Asset Location Made Simple https://affordanything.com/assetlocation Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode of John Solomon Reports, Small Business Administration Administrator Kelly Loeffle exposes widespread government fraud including $200 billion in suspected fraudulent Paycheck Protection Program loans that were distributed under the Biden administration. Loeffler breaks down the SBA's success with accountability, which has already returned $22 billion to the Treasury and referred over 562,000 borrowers to the DOJ. Loeffler reveals how the lack of guardrails, such as verifying birth date and citizenship, has also allowed funds to flow to overseas syndicates. Finally, she touts the Trump-era deregulation and tax cuts for fuelling record business formations, and the Trump Saving accounts for benefiting future generations and free enterprise.In the second segment, John welcomes President Trump-endorsed Iowa Rep. Marianette Miller-Meeks, who won her GOP primary race Tuesday night. She gives an inside look at significant spending in recent elections, including a $27 million race in 2024. She also criticizes her Democratic opponent for voting against senior tax breaks, supporting radical gender policies in school sports, and opposing law enforcement. In addition, Miller-Meeks highlights the positive impacts of President Trump's policies, including border closure and the Working Families Tax Cut, while underscoring the importance of dismantling Biden-era government weaponization and COVID-related censorship. Lastly, John welcomes Dr. Chad Walding, co-founder of Native Path, who discusses the misconceptions around dehydration, particularly for older adults. Dr. Walding explains how dehydration symptoms such as low energy, brain fog and dizziness can be mistaken for signs of aging. And she emphasizes that hydration involves more than just drinking water. It''s about the body's ability to absorb and utilize fluids effectively, which declines with age. He introduces Native Hydrate, a product designed to optimize hydration with electrolytes and amino acids, that is made with natural ingredients and cuts out the high sugar content in traditional sports drinks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.