Podcasts about Treasury

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In the second of a two-part episode, our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach talk about how Treasury yields and the U.S. dollar could react to the possible Fed rate path.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy. Michael Gapen: And I'm Michael Gapen Morgan Stanley's Chief U.S. Economist. Yesterday we talked about Michael's reaction to the Jackson Hole meeting last week, and our assessment of the Fed's potential policy pivot. Today my reaction to the price action that followed Chair Powell's speech and what it means for our outlook for the interest rate markets and the U.S. dollar. It's Friday, August 29th at 10am in New York, Michael Gapen: Okay, Matt. Yesterday you were in the driver's seat asking me questions about how Chair Powell's comments at Jackson Hole influenced our views around the outlook for monetary policy. I'd like to turn it back to you, if I may. What did you make of the price action that followed the meeting? Matthew Hornbach: Well, I think it's safe to say that a lot of investors were surprised just as you were by what Chair Powell delivered in his opening remarks. We saw a fairly dramatic decline in short-term interest rates, taking the two-year Treasury yield down quite a bit. And at the same time, we also saw the yield curve steepen, which means that the two-year yield fell much more than the 10-year yield and the 30-year bond yield fell. And I think what investors were thinking with this surprise in mind is just what you mentioned earlier – that perhaps this is a Fed that does have slightly more tolerance for above target inflation. And so, you can imagine a world in which, if the Fed does in fact cut rates, as you're forecasting, or more aggressively than you're forecasting, amidst an environment where inflation continues to run above target. Then you could see that investors would gravitate towards shorter maturity treasuries because the Fed is cutting interest rates and typically shorter-term Treasury yields follow the Fed funds rate up or down. But at the same time reconsider their love of duration and taking duration risk. Because when you move out the yield curve in your investments and you're buying a 10-year bond or a 30-year bond, you are inherently taking the view that the Fed does care about inflation and keeping it low and moving it back to target. And if this Fed still cares about that, but perhaps on the margin slightly less than it did before, then perhaps investors might demand more compensation for owning that duration risk in the long end of the yield curve. Which would then make it more difficult for those long-term yields to fall. And so, I think what we saw on Friday was a pretty classic response to a Federal Reserve speech in this case from the Chair that was much more dovish than investors had anticipated going in. The final thing I'd say in this regard is the following Monday, when we looked at the market price action, there wasn't very much follow through. In other words, the Treasury market didn't continue to rally, yields didn't continue to fall. And I think what that is telling you is that investors are still relatively optimistic about the economy at this point. Investors aren't worried that the Fed knows something that they don't. And so, as a result, we didn't really see much follow through in the U.S. Treasury market on the following Monday. So, I do think that investors are going to be watching the data much like yourself, and the Fed. And if we do end up getting worse data, the Treasury market will likely continue to perform very well. If the data rebounds, as you suggested in one of your alternative scenarios, then perhaps the Treasury rally that we've seen year-to-date will take a pause. Michael Gapen: And if I can follow up and ask you about your views on the trough of any cutting cycle. We have generally been projecting an end to the easing cycle that's below where markets are pricing. So, in general, a deeper cutting cycle. Could some of that – the market viewpoint of greater tolerance for inflation be driving market prices vis-a-vis what we're thinking? Or how do you assess where the market prices, the trough of any cutting cycle, versus what we're thinking at any point in time? Matthew Hornbach: So, once you move beyond the forecastable horizon, which you tell me… Michael Gapen: About three days … Matthew Hornbach: Probably about three days. But, you know, within the next couple of months, let's say. The way that the market would price a central bank's likely policy path, or average policy path, is going to depend on how investors are thinking about the reaction function of the central bank. And so, to the extent that it becomes clear that the central bank, the Fed, is increasingly tolerant of above target inflation in order to ensure that the balance of risks don't become unbalanced, let's say. Then I think you would expect to see that show up in a lower market price for the policy rate at which the Fed eventually stops the easing cycle, which would presumably be lower than what investors might have been thinking earlier. As we kind of make our way from here, closer to that trough policy rate, of course, the data will be in the driver's seat. So, if we saw a scenario in which the economic activity data rebounded, then I would say that the way that the market is pricing the trough policy rate should also rebound. Alternatively, if we are trending towards a much weaker labor market, then of course the market would continue to price lower and lower trough policy rates. Michael Gapen: So, Matt, with our new baseline path for Fed policy with quarterly rate cuts starting in September through the end of 2026, how has your view changed on the likely direction and path for Treasury yields and the U.S. dollar? Matthew Hornbach: So, when we put together our quarterly projections for Treasury yields, of course we link them very closely with your forecast for Fed policy, activity in the U.S. economy, as well as inflation. So, we will likely have to modify slightly the exact way in which we get down to a 4 percent 10-year yield by the end of this year, which is our current forecast, and very likely to remain our forecast going forward. I don't see a need at this point to adjust our year-end forecast for 10-year Treasury yields. When we move into 2026, again here we would also likely make some tweaks to our quarterly path for 10-year Treasury yields. But at this point, I'm not inclined to change the year end target for 2026. Of course, the end of 2026 is a lifetime away it seems from the current moment, given that we're going to have so much to do and deal with in 2026. For example, we're going to have a midterm election towards the end of the year, we will have a new chair of the Federal Reserve, and there's going to be a lot for us to deal with. So, in thinking about where are 10-year yield is going to end 2026, it's not just about the path of the Fed funds rate between now and then. It's also the events that occur, that are much more difficult to forecast than let's say the 10-year Treasury yield itself is – which is also very difficult to forecast. But it's also about by the time we get to the end of 2026, what are investors going to be thinking about 2027? You know, that is really the trick to forecasting. So, at this point, we're not inclined to change the levels to which we think Treasury yields will get to. But we are inclined to tweak the exact quarterly path. Michael Gapen: And the U.S. dollar? Matthew Hornbach: , We have been U.S. Dollar bears since the beginning of the year, and the U.S. dollar has in fact lost about 10 percent of its value relative to its broad set of trading partners. We do think that the dollar will continue to lose value over the course of the next 12 to 18 months. The exact quarterly path, we may have to tweak somewhat because also the dollar is not just about the Fed path. It's also about the path for the ECB, and the path for the Bank of England, and the path for the Bank of Japan, etcetera. But in terms of the big picture? The big picture is that the dollar should de continue to depreciate in our view. And that's what we'll be telling our investors.So, Mike, thanks for taking the time to talk. Michael Gapen: Great speaking with you, Matt. Matthew Hornbach: And thanks for listening. We look forward to bringing you another episode around the time of the September FOMC meeting where we will update our views once again. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

01:02:09 – Shooter's Demonic Diary The Minneapolis church shooter's writings reveal regret over being trans, self-brainwashing, and violent fantasies. Media figures like Jake Tapper tie themselves in knots over pronouns while ignoring the manifesto's satanic themes. 01:10:15 – Stephen King Defends Trans Shooter King dismisses transgender ideology as a factor, blaming guns instead. Hosts argue the real problem is cultural rot, demonic influence, and a clear pattern of trans-linked shootings disproportionately targeting Christians. 01:16:07 – Psaki Mocks Prayer After Massacre Former White House press secretary Jen Psaki derides “thoughts and prayers” after Christian children are gunned down, sparking backlash. The commentary argues school shootings increased precisely because prayer was removed from schools. 01:27:29 – SSRIs and Mass Killings RFK Jr. calls for a probe into antidepressants. Studies and 7,000+ case reports show SSRIs linked to homicidal ideation, murder-suicides, and violent psychosis, especially among trans-identified youth already under institutional grooming pressures. 01:58:23 – Church Security and Great Replacement Closing segment pivots from the massacre to broader concerns: failures of Catholic school security, migrant violence, and reckless foreign truck drivers in Tennessee. Framed as part of the “great replacement” and systemic government negligence. 02:01:50 – Red Flags vs. Black Labels Commentary slams gun control hypocrisy, arguing the real threat isn't lawful gun owners but SSRI drugs causing homicidal ideation. Instead of “red flag” laws, America needs warning “black labels” on dangerous pharmaceuticals. 02:13:00 – Foreign Trucking Crisis An Indian driver, drunk and barreling the wrong way across Memphis in an 18-wheeler, highlights a growing crisis: poorly vetted foreign truckers with California licenses endangering Americans nationwide. The DOT is accused of negligence. 02:21:17 – Illegal Alien Maserati Crash In Nashville, an illegal Honduran with a revoked status and prior convictions drove a Maserati drunk, killing and injuring Americans. Framed as part of the “Great Replacement,” where foreign criminals are protected while citizens suffer. 02:25:12 – Walmart's H-1B Visa Scam Scandal erupts as Walmart fires 1,200 tech contractors amid allegations of a $30,000-per-day kickback scheme tied to H-1B visas. Critics say corporate elites use foreign labor to gut the American middle class. 02:48:20 – Python Wars & Brain Chips Florida deploys $4,000 “robot rabbits” to lure invasive Burmese pythons destroying wildlife, while China advances brain-computer interface programs for totalitarian control. Both framed as government-backed “solutions” that could spiral into bigger dangers. 03:05:33 – India's War on Christianity India passes radical anti-conversion laws allowing life in prison for sharing the Gospel, framed as “freedom of religion” amendments. Critics say Tulsi Gabbard's ties to Modi's party expose the hypocrisy and danger for Christians worldwide. 03:08:00 – Same-Sex Marriage Reconsidered Discussion of Obergefell resurfaces, with Clarence Thomas signaling it rests on the same shaky legal ground as Roe v. Wade. Marriage redefinition is framed as a state power grab that undermines children's rights to their biological parents. 03:16:38 – GOP Support for Gay Marriage Collapses Republican support for same-sex marriage drops sharply since 2021. Panelists call for conservatives to finally “conserve something,” noting Trump and Melania openly celebrated LGBT policies despite presenting themselves as cultural defenders. 03:21:43 – Law Without Moral Foundation Debate over “substantive due process” shows how courts manufactured rights like abortion and gay marriage. The commentary insists law requires a moral foundation, warning against turning children into state-owned commodities. 03:53:18 – Peter Thiel's Tech Bilderberg Peter Thiel launches “Dialogue,” a secretive DC-based club for tech elites, Treasury officials, and politicians (including Tulsi Gabbard & Ted Cruz). Framed as a “Bilderberg 2.0,” critics say it's a transhumanist push to eliminate AI regulation. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Two-year Treasury yields set a new almost-year low, falling below their prior April chaos lows. The yield curve is undergoing a profound reshaping that explains a lot more than Jay Powell's Jackson Hole performance. It also perfectly indicates what long-run interest rates are also doing as well as likely to do moving forward.Eurodollar University's Money & Macro Analysis---------------------------------------------------------------------------------------------------------------------What if your gold could actually pay you every month… in MORE gold?That's exactly what Monetary Metals does. You still own your gold, fully insured in your name, but instead of sitting idle, it earns real yield paid in physical gold. No selling. No trading. Just more gold every month.Check it out here: https://monetary-metals.com/snider---------------------------------------------------------------------------------------------------------------------Bloomberg Goldman Sachs Says US Yield-Curve Shape Looks Like Zero-Rate Erahttps://www.bloomberg.com/news/articles/2025-08-06/goldman-sachs-says-us-yield-curve-shape-looks-like-zero-rate-erahttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU

01:02:09 – Shooter's Demonic Diary The Minneapolis church shooter's writings reveal regret over being trans, self-brainwashing, and violent fantasies. Media figures like Jake Tapper tie themselves in knots over pronouns while ignoring the manifesto's satanic themes. 01:10:15 – Stephen King Defends Trans Shooter King dismisses transgender ideology as a factor, blaming guns instead. Hosts argue the real problem is cultural rot, demonic influence, and a clear pattern of trans-linked shootings disproportionately targeting Christians. 01:16:07 – Psaki Mocks Prayer After Massacre Former White House press secretary Jen Psaki derides “thoughts and prayers” after Christian children are gunned down, sparking backlash. The commentary argues school shootings increased precisely because prayer was removed from schools. 01:27:29 – SSRIs and Mass Killings RFK Jr. calls for a probe into antidepressants. Studies and 7,000+ case reports show SSRIs linked to homicidal ideation, murder-suicides, and violent psychosis, especially among trans-identified youth already under institutional grooming pressures. 01:58:23 – Church Security and Great Replacement Closing segment pivots from the massacre to broader concerns: failures of Catholic school security, migrant violence, and reckless foreign truck drivers in Tennessee. Framed as part of the “great replacement” and systemic government negligence. 02:01:50 – Red Flags vs. Black Labels Commentary slams gun control hypocrisy, arguing the real threat isn't lawful gun owners but SSRI drugs causing homicidal ideation. Instead of “red flag” laws, America needs warning “black labels” on dangerous pharmaceuticals. 02:13:00 – Foreign Trucking Crisis An Indian driver, drunk and barreling the wrong way across Memphis in an 18-wheeler, highlights a growing crisis: poorly vetted foreign truckers with California licenses endangering Americans nationwide. The DOT is accused of negligence. 02:21:17 – Illegal Alien Maserati Crash In Nashville, an illegal Honduran with a revoked status and prior convictions drove a Maserati drunk, killing and injuring Americans. Framed as part of the “Great Replacement,” where foreign criminals are protected while citizens suffer. 02:25:12 – Walmart's H-1B Visa Scam Scandal erupts as Walmart fires 1,200 tech contractors amid allegations of a $30,000-per-day kickback scheme tied to H-1B visas. Critics say corporate elites use foreign labor to gut the American middle class. 02:48:20 – Python Wars & Brain Chips Florida deploys $4,000 “robot rabbits” to lure invasive Burmese pythons destroying wildlife, while China advances brain-computer interface programs for totalitarian control. Both framed as government-backed “solutions” that could spiral into bigger dangers. 03:05:33 – India's War on Christianity India passes radical anti-conversion laws allowing life in prison for sharing the Gospel, framed as “freedom of religion” amendments. Critics say Tulsi Gabbard's ties to Modi's party expose the hypocrisy and danger for Christians worldwide. 03:08:00 – Same-Sex Marriage Reconsidered Discussion of Obergefell resurfaces, with Clarence Thomas signaling it rests on the same shaky legal ground as Roe v. Wade. Marriage redefinition is framed as a state power grab that undermines children's rights to their biological parents. 03:16:38 – GOP Support for Gay Marriage Collapses Republican support for same-sex marriage drops sharply since 2021. Panelists call for conservatives to finally “conserve something,” noting Trump and Melania openly celebrated LGBT policies despite presenting themselves as cultural defenders. 03:21:43 – Law Without Moral Foundation Debate over “substantive due process” shows how courts manufactured rights like abortion and gay marriage. The commentary insists law requires a moral foundation, warning against turning children into state-owned commodities. 03:53:18 – Peter Thiel's Tech Bilderberg Peter Thiel launches “Dialogue,” a secretive DC-based club for tech elites, Treasury officials, and politicians (including Tulsi Gabbard & Ted Cruz). Framed as a “Bilderberg 2.0,” critics say it's a transhumanist push to eliminate AI regulation. Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHTFind out more about the show and where you can watch it at TheDavidKnightShow.com If you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 How Much Does This Suck?1:20 Fertilizer Prices and Tariffs6:23 US/China Meeting10:04 Export Sales12:18 Declining River Levels15:09 Drought and Yield Potential

Right On Radio — live, fast and urgent on August 29, 2025. The host opens the last live show of the month with a rapid-fire format, the listener-driven "Word on Word" game comparing Proverbs 16:3 and Galatians 3:28, and a decisive community vote. The episode balances Scripture, current events, and a featured audio clip that frames the rest of the analysis. The centerpiece is a previously aired six‑minute clip about "Looking Glass" timeline technology, its alleged ability to forecast and constrain futures, and the idea of a timeline convergence that cannot be manipulated past a certain point. The clip and host decode themes of inevitability, awakening, dark vs. light forces, and the belief that divine providence ultimately limits elite control — including commentary about the rise of an Antichrist figure as part of God's larger plan. The host then delivers rapid‑fire news and analysis: commentary on the reported firing of a Federal Reserve governor and claims the Fed has been moved under Treasury management, anticipation of President Trump's state visit (Sept 17–19) and his U.N. address (Sept 23), and fresh speculation about the City of London, Israel and Gaza. Recent law‑enforcement moves such as the Bolton home raid are discussed as public‑perception preparation for broader indictments and arrests. The show ties together recurring names and institutions — Soros, the Rothschilds, Elon Musk's contentions, the Red Cross/Haiti/Clinton threads, and concerns about human‑trafficking/pedophilia investigations — while warning of accelerating developments. On a cultural note, the host plays a short comedic roast clip (Sean Hayes) targeting Alec Baldwin to lighten the mood, then closes with music. The broadcast also celebrates meeting a Podbean support goal that preserved their silver status and thanks listeners for donating and participating. Practical details and community touches: listeners are invited to Saturday night prayer on the show's Telegram channel at 8 p.m., and the host previews Sunday's program covering 1 Thessalonians chapter 3. The episode weaves scripture, geopolitical interpretation, prophetic framing and media commentary — an overview of what to expect for listeners seeking spiritual perspective on rapidly unfolding news. Thank you for Listening to Right on Radio. Prayerfully consider supporting Right on Radio. 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 We are Your News Now. Keep the Faith

Episode Summary: In this episode, host Benoy Thanjan sits down with Dorian Hunt, Partner and Head of Renewables at Leo Berwick, to unpack the new safe harbor rules, the impacts of the Big Beautiful Bill, and what's coming next in tax and policy guidance for renewable energy. Dorian also dives into repowering projects, economic obsolescence, co-location strategies, bonus depreciation, and solar industry trends.  Dorian offers practical advice for developers and investors navigating today's fast-changing environment. Biographies Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy, solar developer and consulting firm, and a strategic advisor to multiple cleantech startups. Over his career, Benoy has developed over 100 MW of solar projects across the U.S., helped launch the first residential solar tax equity funds at Tesla, and brokered $45 million in Renewable Energy Credits (“REC”) transactions. Prior to founding Reneu Energy, Benoy was the Environmental Commodities Trader in Tesla's Project Finance Group, where he managed one of the largest environmental commodities portfolios. He originated REC trades and co-developed a monetization and hedging strategy with senior leadership to enter the East Coast market. As Vice President at Vanguard Energy Partners, Benoy crafted project finance solutions for commercial-scale solar portfolios. His role at Ridgewood Renewable Power, a private equity fund with 125 MW of U.S. renewable assets, involved evaluating investment opportunities and maximizing returns. He also played a key role in the sale of the firm's renewable portfolio. Earlier in his career, Benoy worked in Energy Structured Finance at Deloitte & Touche and Financial Advisory Services at Ernst & Young, following an internship on the trading floor at D.E. Shaw & Co., a multi billion dollar hedge fund. Benoy holds an MBA in Finance from Rutgers University and a BS in Finance and Economics from NYU Stern, where he was an Alumni Scholar. Dorain Hunt Dorian leads Leo Berwick's Energy & Renewables tax practice.  Dorian has 20 years of experience in tax credit monetization, with clients including renewable energy project developers, tax equity investors, project lenders, insurers and syndicators. Prior to joining Leo Berwick, he was a leader in the Power and Utilities and Energy Transition practices of a Big 4 firm, where he focused on providing tax consulting services with respect to tax credit-driven project finance across, with a focus on renewable energy. Dorian is a thought leader in the tax credit space and has authored articles on topics including the potential implications for “direct pay” of renewable energy tax incentives and on the impact of the Tax Cuts and Jobs Act on the US renewable energy industry.  He has also presented on these and other similar topics for organizations such as IPED, NARUC, and the Boston Bar Association. Dorian has experience with myriad energy incentive programs including Treasury 1603 grants, 48C advanced energy manufacturing studies, and the rapidly-developing field of 45Q carbon capture credits.   Stay Connected: Benoy Thanjan Email: info@reneuenergy.com  LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com   Dorian Hunt  Linkedin:  https://www.linkedin.com/in/dorian-hunt/ Website:  https://www.leoberwick.com/ Newsletter:  https://www.linkedin.com/newsletters/energy-transition-insider-7197296760090750976/

In this episode of Mining Stock Daily, Trevor Hall and Craig Hemke of TF Metals Report delve into the relationship between the Trump administration and the precious metals market. They explore how executive decisions, such as attempts to restructure the Federal Reserve and the Treasury, have influenced gold prices and market sentiment. The discussion covers the potential long-term effects on monetary policy and the bullish outlook for gold.

Today Chancellor Rachel Reeves has been accused of running “the economy like Baldrick”, from the Blackadder sitcom, and risking rising rents, amid reports that the Treasury is considering hiking tax for landlords. Ahead of this autumn's budget, Reeves is desperately trying to find ways to raise revenue and improve the UK's public finances. The Standard's Chief Political Correspondent Rachael Burford is here with the latest. And in part two, freelance writer Kyle MacNeill joins us to discuss the growing popularity of sumo wrestling in the capital, ahead of The Grand Sumo Tournament being hosted at London's Royal Albert Hall this October. Hosted on Acast. See acast.com/privacy for more information.

ETHZilla wants to turn ETH into Wall Street's new reserve asset, and they've built a plan to do it. Ryan sits down with Avichal Garg (Electric Capital) and Mac Rudisill (ETHZilla) to unpack why ETH treasuries exploded this cycle, how credit markets (converts, preferreds, and debt) supercharge accumulation, and why stablecoins → DeFi → ETH forms a flywheel that turns Ether into high-quality collateral. We dig into leverage discipline, mNAV premiums, operational security, and the business math that makes an ETH treasury look more like Berkshire than a hype trade. Plus: can this wave trigger a DeFi after-boom, and what does “winning” actually mean for ETHZilla? ---

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 "Flash Drought"3:50 Price Action and Charts5:24 US/China Trade Talks8:59 Renewable Investments10:21 Russia's Wheat Crop Keeps Getting Bigger

Is there a political case for Trump's attempt to control America's central bank? How close are the UK and France to debt crises? How is Starmer trying to exercise more control over Reeves and the Treasury? Robert and Steph explain. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up to our newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get more stories from the world of business and finance. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://⁠⁠⁠goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

US equities were higher in Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing up 32bps, 24bps, and 21bps respectively. Market was still in waiting mode for Nvidia results after the close and PCE inflation on Friday. NY Fed's Williams telling CNBC monetary policy is moderately restrictive and data could warrant a gradual reduction in rates. Treasury's auction of $70B in 5s saw a 0.7bp tail, though domestic demand was solid. Earnings results included some well-received prints out of the cloud software space and mixed takeaways surrounding the consumer-facing names.

Federal Reserve Governor Lisa Cook's lawyer has filed a lawsuit against President Trump following his unprecedented attempt to fire her on Monday. Many experts fear that the president's latest action could spell the end of the Fed's independence. Gregg Nunziata, Executive Director of the Society for the Rule of Law and Natasha Sarin, Former US Department of Treasury official weigh in on the legal and economic ramifications.  Also on today's show: David J. Bier, Director of Immigration Studies, Cato Institute; Oren Lieberman, CNN Jerusalem Bureau Chief; Amande Bazerolle, Deputy Program Manager in Charge of Palestine, Médecins Sans Frontières  Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode of Coin Stories, Natalie Brunell is joined by Norma Chu, Founder & CEO of DDC Enterprise, sharing her journey from building DayDayCook into a global food brand to adding Bitcoin to her company's treasury. In this episode:  Building DayDayCook & early influencer success Taking a company public DDC's Bitcoin treasury strategy Bitcoin adoption in China & beyond Fixing the broken money (and food) system Follow Norma on X: https://x.com/cookingnorma  ---- Coin Stories is powered by Gemini. Invest as you spend with the Gemini Credit Card. Sign up today to earn a $200 intro Bitcoin bonus. The Gemini Credit Card is issued by WebBank. See website for rates & fees. 10% back at golf courses is available until 9/30/2025 on up to $250 in spend per month. Learn more at https://www.gemini.com/natalie  ---- Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com  ---- Bitdeer Technologies Group ($BTDR) is a global leader in Bitcoin mining and high-performance computing for AI. Learn more at https://www.bitdeer.com.  ---- Natalie's Bitcoin Product and Event Links: Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie  Block's Bitkey Cold Storage Wallet was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off using code STORIES at https://bitkey.world   Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie  For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Play Bitcoin trivia and win up to 1 million sats! Download and use promo code COINSTORIES10 for 5,000 free sats: https://www.speed.app/coinstories  Earn passive Bitcoin income with industry-leading uptime, renewable energy, ideal climate, expert support, and one month of free hosting when you join Abundant Mines at https://www.abundantmines.com/natalie  Bitcoin 2026 will be here before you know it. Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=  Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie   Your Bitcoin oasis awaits at Camp Nakamoto: A retreat for Bitcoiners, by Bitcoiners. Code HODL for discounted passes: https://massadoptionbtc.ticketspice.com/camp-nakamoto      ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

Mortgage spreads—the gap between 30-year mortgage rates and 10-year Treasury yields—just hit their lowest point in more than three years. That means mortgage rates are falling faster than Treasury yields, giving buyers and homeowners new opportunities to lock in lower payments. In this episode, we break down why spreads matter, how much purchasing power has already improved since May, and what this shift means for investors weighing acquisitions, refinancing, and negotiation power in today's housing market. Learn more about your ad choices. Visit megaphone.fm/adchoices

Crypto News: Bitcoin continues its downward price action. Gemini launches XRP card. Galaxy Digital, Multicoin & Jump look to Raise $1B for Solana Treasury Company, Chainlink forms partnership with SBI Group. Grayscale files S-1 with SEC to convert Avalanche Trust into spot AVAX ETF.Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/ 

Will a Fed rate cut really make a difference? There is a lot of noise right now about whether the Federal Reserve will cut rates by 25, 50, or even more basis points. But the real question is not just if they cut, it is why they are cutting and how markets will interpret it. In this episode, Jeannette Friedrich breaks down what a rate cut actually means, which parts of the economy it touches, and where the real impact may (or may not) show up. Key Takeaways: - What the Fed really controls: The federal funds rate affects short-term borrowing costs like credit cards, auto loans, and HELOCs, but not directly mortgages. - Why mortgage rates do not move in lockstep: Mortgages are tied to the 10-year Treasury yield and inflation expectations, not the Fed's policy rate. - Market perception matters: A proactive cut can boost confidence, while a reactive cut may signal trouble and spook markets. - Lagged effects: Any impact from rate cuts plays out over months, not days. - Winners and losers: Borrowers with variable-rate loans may benefit, while savers could see returns on CDs and money market accounts decline. - The bottom line: Rate cuts are more about signaling than substance. The key is asking why the Fed is cutting and how markets interpret the move. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *

A staggering $6.4 trillion in U.S. debt comes due by the end of 2025. As foreign central banks flee treasuries and inflation surges, the Fed's last resort could quietly destroy your purchasing power. Who will bail out America this time?Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310

In this episode, Paul Galloway unpacks the key elements of creating and maintaining an effective investment policy. The discussion covers risk management, diversification, liquidity, compliance, and reporting best practices. Whether you are setting guidelines or reviewing performance, this episode offers a practical framework for stronger investment governance.

S&P futures are pointing to a slightly lower open today, down 0.2%. Asian markets closed mostly lower today, and European equity markets are also weaker in early trades. President Trump announced the dismissal of Fed Governor Lisa Cook, citing alleged mortgage fraud and gross negligence. Cook, whose term runs until 2038, disputes Trump's authority to remove her and may seek an injunction to challenge the decision. Market analysts suggest that Cook's removal, combined with broader political interference, could weaken the dollar, steepen the Treasury yield curve, and undermine inflation-fighting efforts.Companies mentioned: Invesco, PDD, CSX Corp, Berkshire Hathaway

Ahead of this autumn's budget there has been a reshuffle in Rachel Reeves' treasury team. What's at play? And what might it tell us about the trajectory of Britain's finances?Will Dunn, the New Statesman's business editor, is joined by George Eaton.Read: Torsten Bell rises as Rachel Reeves reshuffles her team; Rachel Reeves will never get serious on taxDownload the appLISTEN AD-FREE:

In this episode of the Clean Power Hour, Tim Montague and John Weaver unpack the latest developments shaping the clean energy landscape. From federal treasury guidance on safe harbor rules to Africa's record solar imports, Indonesia's massive microgrid project, EV tax credit updates, prefab solar carports, and lessons learned from hurricane-tested solar arrays, the conversation explores how solar, wind, and storage are transforming global energy markets.Episode Highlights New federal treasury guidance on safe harbor shifts rules for large-scale projects, moving from a 5% spend requirement to continuous construction (PV Magazine).Installers must diversify, with batteries, EV infrastructure, and heat pumps becoming essential parts of the business model.EV buyers can lock in the $7,500 tax credit through 2026 with a down payment and contract today (IRS).Africa set a record with 1.6 GW of Chinese solar panel imports in May 2024, with countries like Chad leapfrogging traditional infrastructure (Wired Magazine).Indonesia is launching one of the world's largest distributed energy projects, targeting 80,000 villages with 1 MW solar and 4 MWh battery microgrids. (PV Magazine)A 250 kW prefab solar carport was installed overnight in Australia, demonstrating 3x faster productivity than traditional methods (PV Magazine Australia)US developers report that nearly half of new electric generating capacity this year comes from solar, with record installations nearing 70 GW (US EIA).Hurricane-tested solar arrays show that through-bolting and stronger module frames are key to survival in high-wind regions (PV Magazine, RMI report). Support the showConnect with Tim Clean Power Hour Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email tim@cleanpowerhour.com Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email: CleanPowerHour@gmail.com Corporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/The Clean Power Hour is brought to you by CPS America, maker of North America's number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems. Learn more at www.chintpowersystems.com

Simeon Hyman, global investment strategist at ProShares, says that with inflation running above the Federal Reserve's targets — forcing both the Fed funds 10-year Treasury rates higher — there's room for the Fed to cut rates but not much room for the market to respond to it. As a result, he's saying the market has room to broaden out, with small caps likely to be helped out by upcoming Fed cuts, but not much upside if large-cap stocks have to keep being the engine for growth. Hyman says that recession is unlikely for several quarters, as there is room for modest earnings growth to continue. Russell Rhoads, associate clinical professor of financial management at Indiana University — cohost of the Academic Market Insights videos on YouTube —  says he expects the economy to be sluggish while rate cuts work their way into the next cycle. He says that he'd be looking to underperforming stocks and areas of the market to take the lead as the economy changes and, like Hyman, believes there is potential for small-caps to step forward, helped out by the changing rate environment. In the Market Call, Jeff Auxier, manager of the Auxier Focus Fund, discusses his long-term value approach and how he's looking for stocks that have been beaten up by bad news that have a chance to regain their good name and recapture their market value.

Stephen Grootes speaks to Sikonathi Mantshantsha, Journalist at News24 Investigations, about the suspension of GPAA CEO Kedibone Madiehe amid allegations of procurement misconduct and the appointment of Job Stadi Mngomezulu as acting CEO to ensure continuity and stability in the administration of government pensions. In other interviews, Warren Ingram, Co-Founder of Galileo Capital, talks about navigating the complexities of retirement planning, particularly the crucial decision of choosing between a variable income and a guaranteed income for life from retirement investments. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

What does it take to launch a treasury function from the ground up - twice? In this episode, Anshul Patni shares how he built treasury operations at Instacart and Bakelite Synthetics, and offers practical, actionable lessons on leadership, technology, and global cash management for today's treasury professionals.In this special revisited episode of the Treasury Career Corner Podcast I reconnect with Anshul Patni now the Vice President and Treasurer at Bakelite Synthetics, where he leads a global treasury, credit, and insurance team. With prior experience as Treasurer at Instacart and a long tenure in treasury consulting at Deloitte, Anshul brings a rare dual perspective from both corporate and advisory sides of treasury operations.What We Cover in This Episode:Anshul's early interest in economics and risk managementKey career lessons from roles at Reval, Deloitte, and beyondThe shift from treasury consulting to corporate leadershipBuilding treasury teams and functions from the ground upDifferences between managing treasury in high-cash tech vs. PE-owned global companiesHow to evaluate and implement a Treasury Management System (TMS)Managing FX and interest rate risk in multinational operationsWhy technology selection must match business process, not brandStrategic treasury leadership during debt-heavy growth phasesCoaching team members and developing cross-functional expertiseYou can connect with Anshul Patni on LinkedIn. ---

This Day in Legal History: Nineteenth Amendment CertifiedOn this day in legal history, August 26, 1920, the Nineteenth Amendment to the U.S. Constitution was formally certified by Secretary of State Bainbridge Colby, granting women the right to vote nationwide. The certification marked the culmination of a nearly century-long struggle led by suffragists like Susan B. Anthony, Elizabeth Cady Stanton, and later Alice Paul and Ida B. Wells, who fought for political inclusion through protests, civil disobedience, and persistent lobbying. The amendment's ratification by Tennessee—by a single vote—on August 18, 1920, provided the necessary 36th state approval to satisfy constitutional requirements.The Nineteenth Amendment's language is deceptively simple: “The right of citizens of the United States to vote shall not be denied or abridged... on account of sex.” But its legal impact was profound, constitutionally guaranteeing the franchise to half the population that had long been excluded. The certification did not end all voting discrimination—many women of color, particularly Black and Native American women, continued to face racist barriers to the ballot—but it was a foundational legal step toward gender equality in civic life.August 26 is now recognized as Women's Equality Day, established by Congress in 1971, to honor the legal and political significance of the Nineteenth Amendment and to commemorate the broader fight for women's rights. The legal principle enshrined in the amendment echoes in later equality jurisprudence, forming part of the constitutional backdrop to cases involving gender discrimination under the Equal Protection Clause.The Nineteenth Amendment also represented a rare moment when a constitutional change directly expanded democratic participation, in contrast to more procedural or structural amendments. It altered not just who could vote, but how lawmakers and courts would later consider the role of gender in public policy and civil rights. The amendment continues to serve as a legal and symbolic foundation for subsequent laws and cases advancing gender equity, including Title IX and the push for the Equal Rights Amendment.On August 26, the legal history of suffrage becomes not only a story of amendment certification, but of constitutional transformation through organized legal and political struggle.U.S. Senator Ron Wyden has called on Chief Justice John Roberts to initiate an independent investigation into the federal judiciary's cybersecurity practices, following a significant breach of the court system's electronic case management system. In a letter, Wyden urged Roberts to involve the National Academy of Sciences in reviewing both the recent and previous hacks—highlighting that foreign actors, possibly including Russia, exploited the same vulnerabilities in both incidents.Wyden criticized the system as outdated, insecure, and costly, noting this was the second major breach since 2020. He emphasized that sensitive data, including information on confidential informants and sealed case files, may have been compromised. The judiciary's handling of cybersecurity, Wyden argued, has repeatedly failed to meet the standards expected of institutions entrusted with highly sensitive information.The senator pointed out that despite years of warnings and expert recommendations, the judiciary has lagged in updating its technology. U.S. Circuit Judge Michael Scudder recently admitted in testimony that the case management system is obsolete and needs replacement. Wyden also noted that while executive branch agencies have been using multi-factor authentication since 2015, the judiciary will not implement it until the end of 2025.Wyden has long advocated for transparency and modernization in the court system, including efforts to make the PACER database free. His latest request underscores growing bipartisan concern over national security implications tied to the federal courts' digital infrastructure.US senator calls for independent review of federal judiciary cybersecurity | ReutersA federal judge has ruled that the Trump administration can move forward with a provision in its recent spending bill that bars Medicaid funding from going to abortion providers in Maine. The ruling, by U.S. District Judge Lance Walker—a Trump appointee—rejected a request by Maine Family Planning to block the provision, part of the One Big Beautiful Bill Act passed by Congress in July. The organization argued the law unfairly targeted them and violated their constitutional rights, but the judge declined to intervene, emphasizing the law was a product of the democratic process.Walker acknowledged that the policy might be unwise but stressed it is not the judiciary's role to override legislative choices based on policy disagreements. Maine Family Planning, the state's largest reproductive healthcare provider, warned that the ruling could force clinic closures and reductions in care, impacting around 8,000 patients annually.The case is one of two major legal challenges to the law. A separate federal judge in Boston has temporarily blocked the same provision as it applies to Planned Parenthood nationwide, and that ruling is under appeal. The Maine case focused on how the law would impact two of the state's main abortion providers and argued it violated equal protection rights under the Fifth Amendment by singling them out.Judge Walker, however, found that Congress has the authority to direct federal funds in ways consistent with its policy goals, including discouraging abortion—a procedure that is no longer protected as a constitutional right following the Supreme Court's 2022 ruling overturning Roe v. Wade.Trump administration can withhold Medicaid funding from Maine abortion providers, judge rules | ReutersPresident Donald Trump has moved to fire Federal Reserve Governor Lisa Cook, alleging she made false statements on mortgage applications—an accusation she denies. The unprecedented move, announced via Truth Social, sent financial markets into a brief stir, with long-term Treasury yields rising and the dollar dipping, reflecting concerns over the Fed's independence. Cook, appointed by President Biden and confirmed in 2022, has vowed not to resign and plans legal action, arguing that Trump lacks authority to remove her without proper cause.Trump claims Cook's conduct shows “gross negligence” and undermines trust in the Fed. However, under the Federal Reserve Act, governors can only be removed “for cause,” a standard historically interpreted to mean inefficiency, neglect of duty, or misconduct while in office. Cook's alleged mortgage misstatements predate her time at the Fed, making the legal grounds for removal murky.This attempt follows months of Trump's public attacks on the Fed for keeping interest rates high. If successful, it would allow him to reshape the board with dovish policymakers more favorable to rate cuts. Critics, including Senator Elizabeth Warren and legal scholars, denounced the move as a political power grab and a threat to central bank independence.The Department of Justice may investigate Cook following a criminal referral, but no charges have been filed. Legal experts suggest the case could test the Supreme Court's recent statements on limits to presidential power over independent agencies. Meanwhile, Cook has reiterated her commitment to her role and refuses to step down amid what she calls political bullying.Trump Moves to Fire Fed's Cook, Setting Up Historic Legal FightAnd in my column this week, a story out of Utah. A small town in Utah, Wellington, is facing public backlash after proposing a 225% property tax hike—a dramatic response to years of avoiding smaller, routine tax increases. This financial crisis wasn't caused by a single year of overspending but rather by elected officials deferring necessary tax adjustments since 2017, despite rising costs for services and infrastructure. While avoiding tax hikes may have seemed politically savvy, it left the town with a nearly $400,000 budget shortfall that now demands a painful correction.The Wellington situation illustrates a broader problem: local governments often delay modest increases to avoid political consequences, only to face greater fiscal challenges later. Holding tax rates flat may feel like good governance, but it allows infrastructure to decay and expenses to balloon. By the time officials act, the required adjustment feels extreme to residents who weren't prepared for it.The solution, according to my piece, lies in normalizing small, predictable tax increases. This would help cities keep pace with inflation and infrastructure needs, without shocking taxpayers. One of my proposed reforms is land value taxation, which taxes land rather than improvements on it—encouraging development without penalizing property upgrades and offering greater economic stability.To depoliticize the process, cities could establish independent, bipartisan bodies to manage long-term tax planning. This shift from reactive crisis management to proactive fiscal planning could help avoid sudden, disruptive tax spikes like Wellington's. The underlying message: the longer tax adjustments are postponed, the more painful and politically damaging they become.Utah Town's 225% Property Tax Spike Is Lesson on Fiscal Realism This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe

Your mid-week commentary is a day early this week because I am putting out a special film tomorrow all about everyone's favourite metal. Watch your inboxes.There is a shift of enormously significant proportions taking place. In magnitude it will prove as significant as Bretton Woods in 1944, when the dollar became the de facto global reserve currency, and the Nixon Shock of 1971, when the US abandoned the last vestiges of its gold standard.This shift is going to shape the global financial landscape over the next few years. You need to understand what is happening, so that you can position yourself and your family.You may even be able to profit handsomely from the transition.Today we explain US dollar policy: what is going on and, more importantly, where it is all going.Ready? Here goes.The Manufacturing Imperative and The Curse of the Reserve CurrencyAmerica wants to bring manufacturing back on shore. We all know this. US President Donald Trump has said it repeatedly, his VP JD Vance has said it, and so has his Treasury Secretary Scott Bessent, who keeps reminding us that it is now time to prioritise Main Street over Wall Street.Part of the reshoring of US manufacturing involves tariffs, as we know all too well. Part of it involves weakening the US dollar to make US exports more competitive. Again Trump, Vance and Bessent have all said it.However, there is a problem, and that problem has a name: Triffin's Dilemma.You might think it's an advantage to issue the global reserve currency. You can issue dollars. Everyone else has to work for them. The French called it "America's exorbitant privilege." But this was a status the US engineered for itself during the Bretton Woods Agreement that determined the monetary order at the end of World War Two.What has happened, however, is that it has made the US fat and lazy, especially since 1971 when the US abandoned the ties of the dollar to gold.To supply the world with dollars, the US must run trade deficits. That is to say it must buy more than it sells. Persistent trade deficits have, over time, eroded its industrial base. Factories and jobs have gone offshore. Foreign nations have used their profits to invest in US capital markets and its debt. Meanwhile financial markets - aka Wall Street - have grown and grown, as America financialized.The Trump administration gets it in a way its predecessors did not. Vance has actually called the dollar's reserve status a "tax" on American producers.What's more, as this process has continued, the credibility of the dollar itself is being called further into doubt.Trump wants to revitalise America's Rust Belt. But there is more to it than that. As the curtains pulled back with Covid, the extent to which the US has been operating with its trousers down was exposed: an excessive dependence on China and its supply chains for too many strategically essential products, especially related to health, tech and the military. Then, during the Ukraine conflict, NATO found itself unable to match Russian production. The US, in short, is struggling to produce critical goods. It's why Trump keeps harping on about rare earth metals. It is vulnerable.The answer is to engineer a "managed decline" of the dollar as global reserve asset.The Golden Exit StrategyThis was already happening organically. China, for example, has been reducing its holdings of US treasuries for ten years now - quite gradually - although its US dollar holdings remain above $3 trillion.Meanwhile, China - and many other countries along the Silk Road besides - have been increasing their gold holdings, and quite dramatically. (In my view China has at least four times as much gold as it says it does. You can read more on this in my book). The process is known as de-dollarisation. Just a few months ago gold overtook the euro to become the second most held asset by central banks, while the dollar itself fell beneath 50% for the first time this century.We are not seeing a move towards any other national currency as global reserve, but towards the neutral but universal asset that is gold, as analyst Luke Groman points out. That suits all the main players. Gold is neutral, and both the US (supposedly) and China have lots of it.Indeed, a gold revaluation would be a "win-win" for both. A higher gold price would strengthen US fiscal flexibility while boosting Chinese consumers' wealth, encouraging domestic consumption and reducing trade imbalances.There is the potential to leverage the US's 261 million ounces (8,133 tonnes) of gold reserves, currently marked to market at just $42/oz. There are two ways this might be done. Economist Judy Shelton has proposed issuing Treasuries that are in part backed by gold to offset the inflation/debasement risk to make them more attractive to buyers. The other possibility (which has gone from, as Bessent put it, "we are not doing this" to "we are not doing this yet") is to revalue the gold from $42 to the current price of $3,300/oz, which would create over $850 billion of reserves without having to incur any extra debt. That would help with the US's current fiscal challenges: true interest expenses (including entitlements and veterans' affairs) currently exceed 100% of Treasury receipts.If you buying gold or silver coins to protect yourself in these “interesting times” - and I urge you to - as always I recommend The Pure Gold Company. Pricing is competitive, quality of service is high. They deliver to the UK, the US, Canada and Europe or you can store your gold with them. More here.In short, the US administration is leaning into a weaker dollar and neutral reserve assets like gold to rebalance trade and rebuild domestic industry, even at the cost of short-term economic pain.Your really should subscribe.Bitcoin's Digital Advantage and The Stablecoin BridgeBitcoin, as the world's best neutral digital currency, is going to have a role to play in all of this as well.The US is quite happy with that, as evidenced by its pro-bitcoin rhetoric. At the national, corporate and individual levels the US has a lot of bitcoin. The US itself has 198,000 coins, the most of any nation, Strategy (NYSE:MSTR) has 630,000 and many other companies besides also hold, and at least 15% of US citizens own bitcoin. Of the eventual 21 million supply, of which probably 15% has been lost and another 1.3 million are locked up by Satoshi Nakamoto and will likely never appear (he is almost certainly dead), the US has a hefty chunk.Which brings us to the recent Genius Act. This effectively nixed CBDCs just as the EU's Christine Lagarde was planning to phase them in (LOL). However, it supported stablecoins (that is coins backed by dollars). The more bitcoin grows the more the stablecoin market will grow. As the stable coin market grows so will its demand for treasuries. Today, roughly half the entire US dollar stablecoin market, estimated at $250 billion, is invested in US treasuries (maybe 2% of the overall treasuries market). Tether is the world's 7th largest buyer.The market is small, but growing rapidly. 2035 projections include $500 billion (J.P.Morgan's projection) to $2 trillion (Standard Chartered) and $4 trillion (Bernstein) by 2035."If the stablecoin market meets these growth projections," says the Kansas City Fed, "it could lead to a substantial redistribution of funds within the financial system."In other words the stablecoin market is going to help the US fund its debt, just as other nations move away from treasuries to gold and bitcoin.Gold might suit the US, but bitcoin suits it better, especially if there are complications surrounding the Fort Knox gold, which it seems there are. Why no audit yet?Tell people about this.Gold vs Bitcoin, Analogue vs Digital: The Coming ShowdownIt's likely a few years from now there is going to be some sort of showdown between gold and bitcoin in the battle for primary reserve asset status. It's unlikely to be both. Governments will favour gold, as they have lots of it. Tradition is on their side. Eternal gold has a track record that is unrivalled. But it is an analogue asset in a digital world. Bitcoin is much more practical. Which will win out? Practical digital or impractical analogue?This is a contest that is still a way off. For now all roads lead to gold and bitcoin as the world de-dollarizes.Own both is what I say.Needless to say the UK is absolutely clueless in all of this, having sold two-thirds of its gold in 1999, made it near impossible for UK citizens to buy bitcoin, now planning to sell its bitcoin holdings, now the largest holder of US treasuries in the world after Japan and making no attempt to buy any gold.With the threat of AI and automation to America's jobs - especially in driving where millions work - there is the risk of mass unemployment coming quite quickly, and with it plentiful defaults on mortgages and loans. This could force the U.S. to print money, driving inflation and providing yet another reason to own gold and bitcoin, which cannot be debased.From October 8th, UK citizens will finally be able to buy bitcoin ETNs.I was lucky enough over the weekend to find myself as a house guest under the same roof as Interactive Investor CEO Richard Wilson. We talked a lot. He knows how landmark the date October 8th is for UK investors and has made sure II are well positioned in a way that other brokerages are not. You might not be able to buy the US ETFs due to FCA nonsense, but anything listed in the UK will be available. So if you don't already have an account at II you might do well to open an account now. Click this link and the first year is free.In short, the dollar will weaken significantly over the next three years. The pound is a basket case. National currencies are not stores of wealth. Gold and bitcoin are. Own both as the Trump administration addresses Triffin's Dilemma through a managed dollar decline. They will use gold and potentially bitcoin to restore US industrial and military strength.You have been warned.Tell people about this post.Watch your inboxes. Tomorrow I'll be putting out a 15-minute film all about gold called The Eternal Metal. On which note, The Secret History of Gold is out now. Got yours yet?The Secret History of Gold is available at Amazon, Waterstones and all good bookshops.Amazon is currently offering 20% off. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Treasury yields climb and the dollar falls as investors grow increasingly concerned about the US Federal Reserve's independence. Also in this edition: French Prime Minister François Bayrou's decision to call a confidence vote in his government sends markets into a tailspin. Plus, the UN postal agency says that 25 countries have decided to suspend package deliveries to the US. 

Today in Georgia, a state Senate vacated when Brandon Beach took a Treasury job with the Trump administration was up for grabs in a "jungle primary" election. In this scenario, there were six Republicans and one lone Democrat vying for the seat. Naturally if one standalone candidate were to have secured 50%-plus turnout, the seat would go to them.Could that lone Democrat - Debra Shigley - flip the district? Melita Easters - executive director at the Georgia WIN List - thinks the work's been put in for it to happen. She joined me today to discuss this race, plus to commemorate Women's Equality Day (such as it is in these tumultuous times for women) .As of publishing, Shigley was well ahead of the GOP pack with 46.2% of the vote, but not clearing 50% will necessitate a run-off. Still, outpacing her party's last nominee for the district by 17% from just last November could be a harbinger of things to come. ------Melita and I also covered the President's overreach in firing a Federal Board governor with Georgia ties - Lisa Cook.------Donald Trump seems hell-bent on ramming armed National Guard troops into "blue" cities like D.C., New York, Chicago and Oakland, but would Atlanta be a target for this sort of activity, too?Riley Bunch at the Atlanta Journal-Constitution posed the question, but my hunch is a quick "no" for a reason she didn't really cover, though she gave many valid reasons it is or isn't likely to occur.

In Episode 436 of Hidden Forces, Demetri Kofinas speaks with economist, policy adviser, and investor Sony Kapoor about why developed world demographics, debt, and political sclerosis will crush forward returns for investors who fail to rebalance their portfolios for the new investment paradigm. Kapoor and Kofinas spend the first hour of their conversation unpacking the thesis explored by Sony in two of his papers: “Winter Is Coming” and “The Case for a Great Rebalancing” in which he argues that global capital has been increasingly misallocated due to factors such as the growth of passive indexation, maladaptive benchmarking, and an excessive focus on short-term performance at the expense of long-term returns. They explore how demographic tailwinds in advanced economies have flipped into headwinds; whether AI driven productivity gains can realistically offset the drag of declining birth rates; why accommodative post GFC monetary and fiscal policies undermined political stability in developed countries; and what recent stresses—including dollar weakness, Treasury market liquidity scares, and an increased reliance on short-term debt financing—suggest about looming financial repression, fiscal dominance, and a rotation out of U.S. capital markets. The second hour is devoted to a conversation about investor incentives, market structure, investment opportunities in emerging markets, and how to construct a more diversified portfolio suitable for the world that is coming into being. Demetri and Sony discuss why political and currency risks may now be lower for a diversified emerging markets basket than for a similarly diversified portfolio of developed market assets. They discuss what a reweighting toward emerging markets could look like; why India stands out given its digital public rails and domestic-demand engine; how places like Indonesia, Brazil, and Nigeria fit into a rebalancing; and how to think about geopolitics, US policy risk, and portfolio construction in this new paradigm. Subscribe to our premium content—including our premium feed, episode transcripts, and Intelligence Reports—by visiting HiddenForces.io/subscribe. If you'd like to join the conversation and become a member of the Hidden Forces Genius community—with benefits like Q&A calls with guests, exclusive research and analysis, in-person events, and dinners—you can also sign up on our subscriber page at HiddenForces.io/subscribe. If you enjoyed today's episode of Hidden Forces, please support the show by: Subscribing on Apple Podcasts, YouTube, Spotify, Stitcher, SoundCloud, CastBox, or via our RSS Feed Writing us a review on Apple Podcasts & Spotify Joining our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and support the podcast at https://hiddenforces.io. Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/18/2025

Opinions by market pundits have been flying since Fed Chair Powell's remarks at Jackson Hole last week, leaving the door open for interest rate cuts as soon as in September. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains his continued call for a bullish outlook on U.S. stocks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing the Fed's new signaling on policy and what it means for stocks. It's Monday, August 25th at 11:30am in New York. So, let's get after it. Over the past few months, the markets started to anticipate a Fed pivot to a more dovish stance this fall. More specifically, the bond market started to price in a very high likelihood for the Fed to start cutting interest rates again in September. Equities have taken their cues from this signaling in the bond market by trading higher through most of the summer – despite lingering concerns about tariffs, international conflicts and valuation. I have remained bullish throughout this period given our focus on historically strong earnings revisions and the view that the Fed's next move would be to cut rates even if the timing remained uncertain. Last week, the Fed held its annual symposium in Jackson Hole where they typically discuss near term policy intentions as well as larger considerations for their strategic policy framework. We learned two key things. First, the Fed seems closer to cutting rates in September than the last time Chair Powell spoke publicly. This change also comes after a week in which the markets were left wondering if he would remain more hawkish until inflation data confirmed what markets have already figured out. Clearly, Powell leaned more dovish. And with markets a bit nervous going into his speech on Friday morning, equities rallied sharply the rest of the day. Second, the Fed also indicated that it will no longer target average inflation at 2 percent. Instead, it will make 2 percent the target at all times. This means the Fed will not tolerate inflation above or below target to manage the average like it did in 2021-22. It also suggests a more hawkish Fed should the economy recover more strongly than is currently expected or inflation reaccelerates. From my standpoint, this is bullish for stocks over the next few weeks and markets can now fully anticipate Fed cuts in September. However, I see a few risks for September and October worth thinking about as the S&P 500 approaches our longstanding 6500 target. The first risk is the Fed decides to not cut after all because either growth is better or inflation is higher than expected. That would be worth a small correction in stocks given the high likelihood of a cut that is now priced in. The second risk is the Fed cuts but the bond market decides it's being too carefree about inflation and longer term bonds sell off. A sharp rise in 10-year Treasury yields would likely elicit a bigger correction in stocks until the Treasury and Fed regain control. Here's the important message I want to leave you with. A major bear market ended in April, and a new bull market began. It's rare for new bull markets to last only four months and more likely they last one-to-two years, at a minimum. What that means is that any dips we get this fall are likely to be buying opportunities for longer term investors. What gives us even more confidence in that statement is that earnings revisions continue to move sharply higher. The Fed uses economic data to make its decisions and that data is generally backward looking. Equity investors look at company data and guidance which is forward looking. This fact alone explains the wide divergence between equity prices and Fed decisions, which tend to be late and after equity markets have already figured out what's going to happen rather than what's in the past. Bottom line, I remain bullish on the next 12 months given what companies and equity markets are telling us. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

US equity futures are slightly down. Treasury yields are higher across tenors. US 2-year up to 3.7% and 10-year stays at 4.3%. Crude is marginally higher, gold lower. US dollar bounced slightly back from Friday's selloff, yen weaker, yuan at month-long high. Asia equities traded higher although most major benchmarks closed away from their highs. European markets opened slightly down. Risk sentiment is largely being supported by Fed rate cut expectations that were reinforced by dovish-leaning comments by Chair Powell on Friday. Powell warned risks may warrant adjusting policy amid weakening labor market and that tariff effects on prices will be short-lived. Market is fully pricing in two rate cuts by year-end, though some Fed watchers sounding note of caution on easing prospects ahead of Friday's release of July PCE index. Companies Mentioned: Entain, JDE Peet's, Vital Energy

Today, traditional insurance faces mounting pressures from new technologies and market entrants, and digital transformation has become an imperative rather than an option. Kamiel Bouw, Global Head of Insurance for Citi Treasury and Trade Solutions, joins the show today. He brings extensive experience navigating this evolving landscape, where efficiency, data-driven approaches, and customer-centricity have become paramount. With traditional insurers working to adopt new technologies within legacy infrastructure, Buow describes how Citi has positioned itself to strategically support these organizations capture opportunities while enhancing customer experience. Throughout the interview, Buow explores several transformative themes reshaping the insurance industry. He uses real life case studies to emphasize the tremendous opportunity in digitizing payment processes — both for premium collections and claims payments — highlighting how instant payments can create superior customer experiences while providing operational benefits. Buow also discusses how Treasury functions must evolve beyond their traditional role as financial settlement centers to become innovation leaders, engaging across enterprise-wide initiatives and providing expertise in risk management and end-to-end payment flows. Listen to the podcast to gain unique insights into emerging technologies like digital assets and tokenization and their growing role in insurance, and how organizations can start with small, focused use cases to drive learning and foster broader adoption of this new tech.

Nvidia earnings on Wednesday and PCE inflation on Friday could determine Wall Street's path in coming days, along with several Treasury auctions. Powell gave stocks a boost Friday.Important DisclosuresThis material is intended for general informational purposes only. This should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decisions.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.All names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.Past performance is no guarantee of future results.Diversification and rebalancing strategies do not ensure a profit and do not protect against losses in declining markets.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.The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.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.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.Investing involves risk, including loss of principal, and for some products and strategies, loss of more than your initial investment.The Schwab Center for Financial Research is a division of Charles Schwab & Co., Inc.Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.(0131-0825)

Kevin Green is watching the 30-year to 3-month treasury spread, which had a significant run up and may signal a pullback in the SPX. He offers a look into and explains the technicals behind his analysis. Kevin also points investor attention to hard assets like silver and gold, especially as Nvidia (NVDA) reports earnings and could signal more demand for metals.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Simply Wall St Market Insights for the week ending 25th August 2025.To read the full article:

Humayun Sheikh, Founder and CEO of Fetch.ai. He is an entrepreneur, investor, and a tech visionary who is passionate about technologies such as AI, machine learning, autonomous agents, and blockchains. In the past, he was a founding investor in DeepMind, where he supported commercialisation for early-stage AI & deep neural network technology. Currently, he is leading Fetch.ai as a CEO and co-founder, a start-up building the autonomy of the future. He is an expert on the topics of artificial intelligence, machine learning, autonomous agents, as well as the intersection of blockchain and commodities. In this conversation, we discuss:- AI outlook for the next couple years - The acceleration of AI - AI will unlock two main things: quantum compute and biotech - AI agents in crypto - Providing everyone an agentic system out of the box - Why is $FET undervalued? - The $FET Crypto Treasury News - Decentralized AI agents - AI & jobs Fetch.ai Website: Fetch.aiX: @Fetch_ai Discord: discord.gg/fetchaiHumayun SheikhX: @HMsheikh4 LinkedIn: Humayun Sheikh---------------------------------------------------------------------------------This episode is brought to you by EMCD.EMCD is a trailblazer in the Web3 fintech space, committed to redefining finance with a human-centered approach. For seven years, EMCD has been building tools that empower a diverse community of miners, traders, investors, digital nomads, and entrepreneurs. What started as a determined startup mining pool has grown into a global force, once ranking among the top 10 Bitcoin mining pools worldwide. Today, EMCD's mission is broader and bolder: creating innovative Web3 financial solutions that make wealth-building accessible to everyone, no matter where they are. Their platform enables users to grow assets without the stress of chasing volatile market trends or timing every dip and spike. By prioritizing purpose over hype, EMCD is crafting a future where finance serves individuals, not just markets. Dive into their vision and explore their cutting-edge tools at emcd.io.

FLARE - FOMO - HUGE Breakthrough | Trump Targets Fed | UK in Turmoil FLARE NETWORK is breaking barriers—its new FAssets protocol unlocks seamless cross-chain payments and settlement. This trustless bridging goes far beyond XRP. Early adopters are calling it a huge breakthrough—don't miss the FOMO moment. Geopolitics – President Trump takes aim at the Federal Reserve, vowing to fire Fed Governor Lisa Cook if she won't resign amid a fraud probe. Meanwhile, the U.S. Treasury raises alarms over insider trading in Congress, and the government shocks Wall Street by taking a 10% stake in Intel. UK in Turmoil – From flags being banned as “offensive,” to citizens planning mass marches, woke overreach, and Labour's millionaire elite exposed—Britain is spiraling into political and cultural chaos. Plus: Florida redraws its congressional map, Chicago freezes under Trump pressure, and more global headlines you won't hear anywhere else. It's Crypto. Politics. Culture. All colliding—right here ON THE CHAIN. *** SUPPORT ON THE CHAIN GRAB A BADASS YETIS COFFEE – Fuel your crypto grind! ☕ Visit: otc.one/BadassYetisBrew MINT YOUR BADASS YETIS NFT – Own a piece of the legend! Visit: otc.one/mint OTC MERCH IS HERE! – Represent the community in style! Visit: onthechain.shop BUY US A COFFEE – Help keep the content flowing! Visit: otc.one/buy-us-a-coffee JOIN THE CHANNEL – Get exclusive perks & behind-the-scenes content! Visit: otc.one/join ********** ON THE CHAIN – CONNECT WITH US! Listen to the OTC Podcast – Never miss an update! Visit: otc.one/podcast Visit Our Website – The home of crypto insights! Visit: onthechain.io Follow OTC on Twitter – Stay updated in real time! Visit: otc.one/otc Join the OTC Community on Twitter – Be part of the discussion! Visit: twitter.com/i/communities/1599435678995062788 ********** FOLLOW THE OTC TEAM Follow Jeff on Twitter:

Would an annual charge on properties valued over £500,000 be fairer than stamp duty? Will the Chancellor eventually have to scrap the manifesto promise and raise taxes on ‘working people'? How much could the Treasury raise by lowering VAT but getting rid of all exemptions? Steph chats to tax policy expert, and friend of the show, Dan Neidle. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up to our newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get more stories from the world of business and finance. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠restismoney@gmail.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://⁠⁠⁠goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Max and 99 are back at it for another edition of Show Notes! They cover a few trending headlines plus Trump Stablecoin ep. feedback, and have an unnecessarily long conversation about soap. Enjoy! Chapters Intro: 00:00:20 Headlines: 00:12:14 Episode Feedback: 00:51:32 Memberships: 01:25:42 Outro: 01:30:12 Headlines New York Times: Cracker Barrel’s New Modern Logo and Aesthetic Become a Political Rorschach Test The Guardian: Target CEO steps down as company faces weak sales and customer boycott CNBC: Former Walmart U.S. CEO Bill Simon questions stock drop: ‘It was about as good of a quarter as any retailer could have in any environment’ The Guardian: CEO-to-worker pay gap surges to 632 to 1 at US’s lowest-paying large firms, study shows USA Today: Eric Adams adviser accused of bribery after giving reporter cash inside potato chip bag New York Times: Goodbye, $165,000 Tech Jobs. Student Coders Seek Work at Chipotle Resources UNFTR Resources Environment The Bulwark: Is Tim Miller closer to endorsing Zohran Mamdani than Hakeem Jeffries is? Petition: Stop Trump's USD1 Stablecoin Video, Max for MTN: Trump’s SHADOW CRYPTO Network is WORSE Than You Think Video: Trump's Crypto Scheme MUST Be Stopped Episode: Trump is Looting the Treasury. Congress: S.394 - GENIUS Act of 2025 Congress: H.R.3633 - Digital Asset Market Clarity Act of 2025 Congress: H.R.1919 - Anti-CBDC Surveillance State Act Molly White Citation Needed Molly White on Bluesky -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, TikTok and Instagram at @UNFTRpod. Visit us online at unftr.com. Join our Discord at unftr.com/discord. Become a member at unftr.com/memberships. Buy yourself some Unf*cking Coffee at shop.unftr.com. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.Support the show: https://www.unftr.com/membershipsSee omnystudio.com/listener for privacy information.

In this episode of Coin Stories, Natalie Brunell is joined by investor Preston Pysh to discuss: Bearish sentiment and panic hitting Bitcoin market and price Why people are upset about MSTR guidance change What is a preferred stock and why do companies issue them The REAL Ponzi scheme in this market Warning signs in Bitcoin treasury companies Why people are so against Bitcoin Follow Preston on X https://x.com/prestonpysh  ---- Coin Stories is powered by Gemini. Invest as you spend with the Gemini Credit Card. Sign up today to earn a $200 intro Bitcoin bonus. The Gemini Credit Card is issued by WebBank. See website for rates & fees. 10% back at golf courses is available until 9/30/2025 on up to $250 in spend per month. Learn more at https://www.gemini.com/natalie  ---- Coin Stories is powered by Bitwise. Bitwise has over $10B in client assets, 32 investment products, and a team of 100+ employees across the U.S. and Europe, all solely focused on Bitcoin and digital assets since 2017. Learn more at https://www.bitwiseinvestments.com  ---- Ledn is the global leader in Bitcoin-backed loans, issuing over $9 billion in loans since 2018, and they were the first to offer proof of reserves. With Ledn, you get custody loans, no credit checks, no monthly payments, and more. Get .25% off your first loan, learn more at https://www.Ledn.io/natalie  ---- Natalie's Bitcoin Product and Event Links: Secure your Bitcoin with collaborative custody and set up your inheritance plan with Casa: https://www.casa.io/natalie  Block's Bitkey Cold Storage Wallet was named to TIME's prestigious Best Inventions of 2024 in the category of Privacy & Security. Get 20% off using code STORIES at https://bitkey.world   Master your Bitcoin self-custody with 1-on-1 help and gain peace of mind with the help of The Bitcoin Way: https://www.thebitcoinway.com/natalie  For easy, low-cost, instant Bitcoin payments, I use Speed Lightning Wallet. Play Bitcoin trivia and win up to 1 million sats! Download and use promo code COINSTORIES10 for 5,000 free sats: https://www.speed.app/coinstories  Earn passive Bitcoin income with industry-leading uptime, renewable energy, ideal climate, expert support, and one month of free hosting when you join Abundant Mines at https://www.abundantmines.com/natalie  Bitcoin 2026 will be here before you know it. Get 10% off Early Bird passes using the code HODL: https://tickets.b.tc/event/bitcoin-2026?promoCodeTask=apply&promoCodeInput=  Protect yourself from SIM Swaps that can hack your accounts and steal your Bitcoin. Join America's most secure mobile service, trusted by CEOs, VIPs and top corporations: https://www.efani.com/natalie   Your Bitcoin oasis awaits at Camp Nakamoto: A retreat for Bitcoiners, by Bitcoiners. Code HODL for discounted passes: https://massadoptionbtc.ticketspice.com/camp-nakamoto      ---- This podcast is for educational purposes and should not be construed as official investment advice. ---- VALUE FOR VALUE — SUPPORT NATALIE'S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories #money #Bitcoin #investing

Story of the Week (DR):End of summer anti-woke bro rage brigade MMNew Cracker Barrel Logo Sparks Right-Wing Backlash—From Trump Jr. And MoreMAGA erupts over Cracker Barrel logo change, and stock plungesRight-Winger, Others Call Out 'Woke' New Change To Cracker Barrel's Peg GameThe goal of the game is to whittle down the number of pegs on the board to one through a series of “jumping” pegs, not unlike checkers. Previously, directions on the game explained that people who have only one peg left on the board are geniuses, while people with two pegs left are “pretty smart.” However, if you leave three pegs, the game considers you “dumb,” while anyone who leaves four pegs is an “EG-NO-RA-MOOOSE.”That was the old game. New peg games have removed the playful insults and instead say, “leave three or more ― no reason to be embarrassed. Try again.”Sean Davis, the CEO of The Federalist: Cracker Barrel didn't just destroy its logo and restaurant vibe. It also changed the peg game to make dumb people feel better when they do poorly.Until October 2017, The Federalist had a "black crime" tag, which aggregated articles related to criminal activity by African AmericansChristian College's Hot Take On Cracker Barrel Has People Saying, ‘Huh?'Hillsdale College in Michigan: A post on its official account on X (formerly Twitter) likened the updated logo to a vandalized statue of President George Washington that was defaced during the 2020 protests over the police killing of George Floyd.MAGA Rep Drags Jesus Christ Into ‘Woke' Cracker Barrel MeltdownCongressman Byron Donalds slammed the restaurant chain for daring to rebrand after he had a religious experience in one of its Florida parking lots: “In college, I worked at @CrackerBarrel in Tallahassee,” the Florida Republican wrote on X, “I even gave my life to Christ in their parking lot. Their logo was iconic and their unique restaurants were a fixture of American culture. No one asked for this woke rebrand.”‘Cracker barrel goes woke': CEO under MAGA fire for changing logo first time in 48 years, removes ‘white guy'Steak 'n Shake slams Cracker Barrel CEO for eliminating 'old-timer' from logo: 'We take pride in our history'“This is what happens when you have a board that does not respect their historical customers or their brand.At Steak n Shake, we have gone back to basics. Our tallow fries are waiting for you. Oh yeah, you can also now pay with Bitcoin!”Entrepreneur Sardar Biglari owns Steak ‘n ShakeOwns 9.3% of Cracker barreltook control of Steak 'n Shake in August 2008 after three years of declining same-store sales and losses of $100,000 per day.Biglari controls the Steak 'n Shake Company, First Guard Insurance, Abraxas Petroleum, Maxim, Southern Oil of Louisiana, Southern Pioneer Insurance and the Western Sizzlin' corporation. Biglari was born in Iran in 1977However the chain ran into more problems in 2016 and onward, with revenue declining sharply.In 2021, Steak N' Shake made a strategic decision to transition away from casual dining and become a fast food restaurant. Steak 'n Shake replaced lunch counters with self-serve kiosks in 2021 to improve efficiency and reduce costs. Changing the service model allowed a significant reduction of store staffIn 2024, Biglari fought and lost a proxy contest with Cracker Barrel, trying to get himself and two buddies on the CB board.This marks the sixth time since 2011 that Biglari has initiated a proxy contest seeking seats on the Board (the fourth time for Sardar Biglari personally), and the seventh contested solicitation overall during that span.POP QUIZ:Was that the original logo?No. The Cracker Barrel chain opened first in 1969 and had a text-only logo. In 1977, the famous logo with a man and a barrel was introduced.Is Cracker Barrel's new-ish CEO (11/23) a man or a woman?Cracker Barrel CEO Julie Felss Masino and the new logo controversyMs. Masino previously served as the President, International of Taco Bell, a subsidiary of Yum! Brands, Inc. (NYSE: YUM) from January 2020 to June 2023. From January 2018 to December 2019, she served as President, North America of Taco Bell.“Cracker Barrel's new logo isn't an accident — it's CEO Julie Felss Masino's project. She scrapped a beloved American aesthetic and replaced it with sterile, soulless branding.”Benny Johnson said the logo change could cause the company to collapse in a similar way that Target and other stores that embraced DEI (diversity, equity and inclusion) did.‘Go woke, you go broke:' Ohio faith leaders urge Kroger to abandon LGBTQ+ policiesTrump calls on Federal Reserve Governor Lisa Cook to resignLisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the BoardCEO-to-worker pay gap surges to 632 to 1 at US's lowest-paying large firms, study shows: At 100 firms in S&P 500 with lowest median pay, executives' comp increased by average of nearly 35% over five yearsFTSE 100 CEO pay rises for third consecutive year, hitting record high CEO pay at top US companies accelerates at fastest pace in four yearsStarbucks CEO Tops List Of Sky-High Executive Pay PackagesStarbucks' CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise insteadSuccession Theater: Target CEO Brian Cornell steps down after 11 years as sales continue to dropTarget's Brian Cornell to hand CEO job to Michael Fiddelke in FebruaryTarget CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himTarget CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himAlert: Target CEO Brian Cornell will step down from the struggling retailer in February and its COO will succeed himWhen the C.E.O. Retires but Won't Go AwayTarget is the latest company to keep a replaced chief executive around as an “executive chairman.” Does having two top dogs make sense?On August 15, 2025, following a comprehensive succession planning process, the Board of Directors (the “Board”) of Target Corporation (“Target”), appointed Michael J. Fiddelke, Target's current Executive Vice President and Chief Operating Officer, as Target's next Chief Executive Officer and a member of the Board, effective February 1, 2026. At that time, Brian C. Cornell will step down from his position as Chief Executive Officer and will continue to serve as Chair of the Board in an Executive Chair capacity.Goodliest of the Week (MM/DR):DR: Companies with climate targets have more than tripled since 2023: SBTiA total of 10,949 companies worldwide now either have near-term targets or near-term and net-zero targets, or have committed to set them, according to a report by the Science-Based Targets initiative.DR: The juxtaposition of these two headlines:Scientists Say They've Figured Out a Way to Turn Nuclear Waste Into a Powerful FuelScientists Can't Figure Out Why Just Walking In Nature Appears to Quickly Heal Your Brain RotMM: Why Shop? In Maine, the Library of Things Has It All (Almost)You can take out an electric lawn mower at the libraryMM: Lyft co-founders depart board, convert Class B shares - greatest de-dictatorship in modern history? From 30% voting power to 2% voting power as part of the conversion DRShares still worth a paltry $144mAssholiest of the Week (MM): Anti ESG is a jokeLegal definition of a fiduciary: The beneficiary has delegated authority to the fiduciary to act on its behalf;The fiduciary has discretionary powers over the beneficiary's assets or interests;The fiduciary is in a position superior to that of the beneficiary due to specialized access, knowledge or ability; andThe beneficiary trusts that the fiduciary will act in the beneficiary's best interest. (Ponet & Leib, 2011.)From Florida 2023 HB3An act relating to government and corporate activism…The board of trustees, subject to the fiduciary standards … and the requirements in s. 112.662…Which are… Notwithstanding any other law, when deciding whether to invest and when investing the assets of any retirement system or plan, only pecuniary factors may be considered and the interests of the participants and beneficiaries of the system or plan may not be subordinated to other objectives, including sacrificing investment return or undertaking additional investment risk to promote any nonpecuniary factorWhich includes… any social, political, or ideological interestsWhich applies to…Obligations of the United States or obligations guaranteed as to principal and interest by the government of the United StatesWhich makes investing in Treasury securities illegal because…White House Reportedly Launches A Scorecard Rating 500+ Companies On Trump LoyaltyThe rating system evaluates multiple factors, including social media activity, press releases, video testimonials, advertisements, participation in White House events, and other forms of engagement connected to the [One Big Beautiful Bill]Determines who they'll do business withFree speech dictatorsMeta spent $27 million protecting Mark Zuckerberg last year, more than any other CEOGoogle to Pay $36 Million in Anti-Competition FinesCoinbase CEO says he watched famous speeches to psych himself up before banning politics at the companyTrump May Further Redefine U.S. Capitalism With an Intel Move, ‘Come to America and lose $1B': Trump drives new offshore wind lossesFossil fuel “discrimination” laws prohibit discriminating against fossil fuels - there are no law to prevent “discrimination” against wind or solarHow Ownership Can Shape OutcomesHollowing out the corporate middle class MMStarbucks Sets 2% Raises for Corporate WorkersCoffee giant is in the midst of a turnaround; ‘We need to carefully manage all of our other costs'Starbucks earlier this year said it would lay off 1,100 corporate workersIn July, the company offered buyouts to corporate workers and said it would step up its in-office requirements later this year, to four days from three.From May: Starbucks and unionized baristas locked in a wage standoffNational Legal Policy Center actually filed a resolution this year demanding Starbucks produce a report detailing the human rights risks and “loss of shareholder value” if Starbucks “capitulates” to the union - union killing by SHP?Starbucks CEO Brian Niccol awarded $96 million pay package after 4 months on the jobUse of Starbucks aircraft for travel between city of primary residence and Starbucks headquarters and up to $250,000 in personal non-commuting travel per year; additional use of Starbucks aircraft for travel pursuant to Mr. Niccol's time sharing agreementHeadliniest of the WeekDR: 10 Candidates Will Vie for 4 Open Seats on USA Swimming Board of DirectorsDR: Walmart may have sold radioactive shrimp, FDA warnsMM: Silicon Valley talent keeps getting recycled, so this CEO uses a ‘moneyball' approach for uncovering hidden AI geniuses in the new era“There's different biases and filters about people's pedigree or where they came from. But if you could truly map all of that and just give credit for some people that maybe went through alternate pathways [then you can] truly stack rank,” Alex Bates, founder and CEO of AI executive recruiting platform HelloSky, told Fortune.MM: Forests in Certain Areas of the World Can Add to Global Warming I hate that headlineWho Won the Week?DR: The term “Bro IPO.” Or is it “BroPo?”MM: Damion. And it's BroPO.PredictionsDR: Target accidentally announces one of Brian COrnell's new board roles will be the Chairman of the We-Swear-It's-Not-My-Idea Task ForceMM: An analytics company somewhere realizes you can take the “moneyball” concept and apply it to people at publicly traded companies, making millions of dollars by giving investors the ability to vote for their fiduciaries by using advanced data, not voting on the fact that John is kind of cute and Leslie is a nice name.

Interview recorded - 20th of August, 2025On this episode of the podcast I have the pleasure of welcoming on Kevin Muir. Kevin has three decades of trading experiencing, is the writer of the Macro Tourist and co-host of the podcast The Market Huddle. During our conversation we spoke about the shift away from Monetary to Fiscal Dominance, the US outperformance being linked to its large deficit, how the Treasury is more powerful than the FED, massive global government spending and more. I hope you enjoy!0:00 - Introduction1:21 - Shift from monetary to fiscal driven economy10:16 - US fiscal steroids14:51 - Treasury more powerful than central banks?22:11 - Moving issuance forward on the curve25:41 - Market narratives27:04 - Do deficits matter?35:51 - No tax increases or less spending38:44 - Massive global government spending40:18 - Market reaction52:12 - Earnings concentration54:31 - One message to takeaway?Kevin Muir is a former bank equity index derivative trader who for the past two decades has been trading purely on a proprietary basis for both himself and other individuals.During his three decades of trading, he has learned a few things about the market, but the one thing he is certain of is that he will still find new mistakes to make.With the MacroTourist Letter, readers come along for a journey that benefits from the wisdom Kevin has accumulated over the years, but also get to watch as new mistake are made.This is not a letter filled with back-slapping high-fives after good trades, but where bad calls are never mentioned. Kevin believes that the mistakes are where traders learn, and by also discussing the mistakes, other traders can learn from his.Kevin Muir - Newsletter - https://themacrotourist.com/Podcast -  @TheMarketHuddle  X - https://x.com/kevinmuirEmail - kevin@themacrotourist.comWTFinance -Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes -https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4LinkedIn - https://www.linkedin.com/in/anthony-fatseas-761066103/Twitter - https://twitter.com/AnthonyFatseasThumbnail Image from - https://www.cbsnews.com/news/unwanted-tanks-and-other-government-waste-detailed-in-reports/

{ Discover more at ChainsawHistory.com — access our full episode list, delve into bonus content, and click the logo in the center of the page to support our show with a paid subscription! }Apologies for the lower audio quality of this recording. This episode was thrown together in a hurry and recorded on cheap microphones in Bambi's car! Things should be back to normal for next time.Thanks to Broadway a lot of people know about Aaron Burr—third Vice President of the United States and first member of the executive branch to shoot a former Secretary of the Treasury. But fewer people know that he was arrested and tried for treason after attempting to form a secret army to steal western territory for himself. President Thomas Jefferson was personally determined to see his former Veep rot in prison. To quote the musical version of the Marquis de Lafayette: “You are the worst, Burr!” The podcasting siblings Jamie and Bambi Chambers rip into the later life and highly ironic death of Aaron Burr (Sir).

Brian Rudick, CSO at Upexi, joins the show to break down why institutions are stacking SOL, and why they might know something you don't. We get into the mechanics of Solana-based treasury companies, premium multiples, staking yields, locked token discounts, and the capital flywheel that's reshaping crypto investing.~~~~~

Send us a textThe economic landscape is sending mixed signals to wealth builders, and your strategic positioning needs to account for these crosscurrents. Home Depot's recent earnings miss reveals a telling shift in consumer behavior that directly impacts your investment strategy. With net sales falling short at $45.28 billion and a 2.2% decline in foot traffic, consumers are clearly pulling back from large renovations in favor of small maintenance projects. This isn't just about one retailer's performance—it's a broader indicator of how rate sensitivity is reshaping spending patterns across markets.The spotlight now turns to Federal Reserve Chair Powell's upcoming Jackson Hole speech, potentially the most consequential market event this season. Markets have already priced in an 83% probability of a September rate cut, but the real question remains: will Powell signal a dovish turn or maintain a cautious stance? Treasury officials and political figures are pushing for aggressive cuts between 150-400 basis points, yet the Fed's independence will ultimately determine the path forward. Make no mistake—analysts warn that without clear dovish signals, markets could slide 7-15% this fall, making your defensive positioning critical right now.Meanwhile, the S&P's reaffirmation of the US AA+ credit rating offers temporary fiscal reassurance, with tariff revenue estimated to contribute up to $2.8 trillion, offsetting recent spending increases. However, persistent deficits exceeding 100% of GDP remain a long-term vulnerability. The rating agency explicitly cited Federal Reserve independence as the strongest defense against future downgrades—a powerful reminder that monetary policy autonomy directly impacts market stability. Whether you're repositioning for potential rate cuts, adjusting exposure to consumer cyclicals, or monitoring fiscal developments, staying informed and strategically nimble will be your greatest advantage in capitalizing on the opportunities ahead.Support the showIntroducing the 60-Day Deal Finder!Visit: www.wealthyaf.mediaUse the Coupon Code: WEALTHYAF for 20% off!

Can an AI reconcile your books while you sleep? Blake and David run a live experiment with ChatGPT-5's Agent Mode in Xero—watching it match transactions, stumble on prepayments, and reveal what's realistically automatable today. They also break down a flood of app news: Dext's bill pay, Ramp's mega raise, Thomson Reuters and Deloitte's agentic AI, plus Ignition–Financial Cents and Canopy portal moves. They dig into survey findings showing that 58% of employees are secretly using AI at work despite company bans, and take a look at how AI is disrupting the job market for college graduates. SponsorsTeamUp - http://accountingpodcast.promo/teamupRelay - http://accountingpodcast.promo/relayHuman at Scale - http://accountingpodcast.promo/humanMissive - http://accountingpodcast.promo/missiveChapters(01:32) - Exploring AI in Accounting (02:20) - Testing ChatGPT for Accounting Tasks (05:26) - Reconciling Transactions with AI (10:27) - App News (18:34) - AI and Automation in Accounting (23:29) - Recent Raises and Acquisitions (31:10) - Government and Regulatory Updates (35:14) - AI Agent Struggles with Prepayment (35:39) - VC Investments in Accounting Firms (37:43) - Ignition and Financial Sense Integration (40:13) - Canopy's Smart Intake and AI Innovations (42:58) - AI in the Workplace: Surveys and Insights (44:39) - AI Agent Finally Figures Out Prepayment (52:36) - AI's Limitations and Future Potential (01:01:55) - Fundraising and AI in Accounting Apps (01:12:28) - Impact of AI on the market (01:13:42) - Conclusion and CPE Information  Show NotesProduct Specialist-Accounting,AI - Xerohttps://builtinlondon.uk/job/product-specialist-accounting-ai/6683466Rillet raises $70M to replace 20th-century accounting software with AI-native ERP built by accountantshttps://www.globenewswire.com/news-release/2025/08/06/3128328/0/en/Rillet-raises-70M-to-replace-20th-century-accounting-software-with-AI-native-ERP-built-by-accountants.htmlAI accounting startup Rillet raises $70 million in Andreessen Horowitz, ICONIQ-led roundhttps://www.investing.com/news/economy-news/ai-accounting-startup-rillet-raises-70-million-in-andreessen-horowitz-iconiqled-round-4172975Ramp Raises $500 Million at $22.5 Billion Valuation to Accelerate AI and Build the Future of Financehttps://www.prnewswire.com/news-releases/ramp-raises-500-million-at-22-5-billion-valuation-to-accelerate-ai-and-build-the-future-of-finance-302516953.htmlRamp hits $22.5B valuation just 45 days after reaching $16Bhttps://techcrunch.com/2025/07/30/ramp-hits-22-5b-valuation-just-45-days-after-reaching-16b/IRS, White House clashed over immigrants' data before Billy Long was oustedhttps://www.washingtonpost.com/business/2025/08/09/trump-administration-irs-data-dispute/Trump replaces IRS Commissioner Billy Long with Scott Bessenthttps://www.washingtonpost.com/business/2025/08/08/billy-long-irs-commissioner-bessent/Trump ousts Billy Long as IRS commissioner, names Bessent acting headhttps://www.cnn.com/2025/08/08/politics/billy-long-ousted-irs-commissionerIRS Chief Forced Out After Immigrant Tax Data Pushback—Reporthttps://www.newsweek.com/irs-chief-forced-immigrant-tax-data-pushback-report-2111292Billy Long's IRS ouster follows clashes with Treasury, sparks concernhttps://thehill.com/homenews/administration/5449180-treasury-clashes-irs-commissioner/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to c...