Podcasts about treasury secretary paulson

Peter Schiff warns the bubble is popping as crypto leads the decline, while the bond market faces another breakdown with the 10-year potentially breaking above 5%. He emphasizes inflation is a choice—all Fed chairs chose it, and Warsh will too despite tough talk, because the alternative is politically unacceptable. He reveals the May deficit surged 30% while interest expense jumped 44%, with annual interest payments now hitting $1.6 trillion and will be $2 trillion by next year. Schiff identifies Japan as a looming harbinger with 250% debt-to-GDP, yields climbing above 4%, and the yen collapsing below 160 with potential for another 30-50% decline. His end game thesis: the US dollar loses reserve currency status, US assets get repriced down, and he's positioning to "have all the chips" at the finish line. Gold's pullback from $5,600 to $4,200 is a "buy the rumor, sell the fact" move, while silver at $65 is headed to $200 and Bitcoin at $64,000 should be sold. GDP growth is an illusion created by faulty deflators that understate inflation; the economy hasn't really expanded, just become more expensive, and stagflationary depression is locked in.Thank you to our sponsors: Kalshi - download the Kalshi app and use code JULIA to get $10 when you trade $10. kalshi.com/julia Monetary Metals - learn more at https://www.monetary-metals.com/julia/Links:https://x.com/PeterSchiffhttps://www.youtube.com/@peterschiffTimestamps: 0:00 Intro and welcome Peter Schiff 00:50 Air coming out of bubble 1:16 Markets too complacent on inflation risks1:45 Warsh has a problem - Hike or no hike, both bad3:36 Inflation is a choice - All Fed chairs chose it5:11 Warsh will choose inflation despite tough talk5:24 Bond market breakdown coming - 10-year to 5%, 30-year to 5.5-6%7:42 May deficit up 30%, interest expense up 44%8:13 Interest payments $1.6 trillion/year, will be $2 trillion next year9:39 Government spending up 50% since COVID, taxes reduced10:57 Inflation is hidden tax - Government prefers it11:52 Iran war costs through inflation, not direct taxation13:49 Wealth tax - Slippery slope, will hit middle class eventually19:56 Japan crisis - Debt to GDP 250%, yen collapsing below 16020:29 Japanese bond yields at 4% on 30-year, rising fast21:45 Japan could sell $1 trillion in US treasuries24:41 Japan harbinger for US crisis24:54 Treasury Secretary Paulson says crisis inevitable27:18 Gold warning sign - Pullback to $4,200 from $5,600 normal29:24 Silver at $65, headed to $20032:39 Stock market at highs but economy worse than Biden36:56 GDP illusion - Deflator too low, just prices not growth39:48 End game - Dollar won't be reserve currency40:40 Playing for end game, wants all chips at finish43:31 Contrarian predictions - Higher rates, higher oil, higher gold44:30 Japan crisis first domino, then dollar next45:01 Summary - Stagflation and end game thesis

This episode of Whistlestop travels to March 12, 2008 as President George W. Bush goes over the text of his speech to address the financial crisis in the housing market and Treasury Secretary Paulson makes a warning that becomes an unfortunately accurate prediction. Whistlestop is Slate’s podcast about presidential history. Hosted by Political Gabfest host John Dickerson, each installment will revisit memorable moments from America's presidential carnival. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your two-week free trial at slate.com/podcastplus. Email: whistlestop@slate.com.  Podcast production by Jocelyn Frank. Research by Brian Rosenwald and Elizabeth Hinson.  Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode of Whistlestop travels to March 12, 2008 as President George W. Bush goes over the text of his speech to address the financial crisis in the housing market and Treasury Secretary Paulson makes a warning that becomes an unfortunately accurate prediction. Whistlestop is Slate’s podcast about presidential history. Hosted by Political Gabfest host John Dickerson, each installment will revisit memorable moments from America's presidential carnival. Love Slate podcasts? Listen longer with Slate Plus! Members get bonus segments, ad-free versions, exclusive podcasts and more. Start your two-week free trial at slate.com/podcastplus. Email: whistlestop@slate.com.  Podcast production by Jocelyn Frank. Research by Brian Rosenwald and Elizabeth Hinson.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Wealth coach and best-selling author William R. Patterson appears on 1580 AM to discuss ways to profit and protect yourself in a recession. Show topics: (1) The worst financial crisis since World War II according to former US Federal Reserve Chairman Alan Greenspan (2) The largest overhaul of the nation's financial system since the "Great Depression" proposed by Treasury Secretary Paulson (3) The Fed bailout of major investment banks (4) Record high gas prices (5) Record high foreclosures (6) Spiking food prices (7) Resignation of HUD Secretary Alphonso Jackson (8) Democratic Dodd-Frank Plan to provide as much as $300 billion to help borrowers at risk of foreclosure. For more information and coaching on THE BARON SOLUTION Strategies for Wealth and Business Success, visit http://www.baronseries.com/coaching.htm.

Here's the road map for your journey today:--Background you need to know--What caused the current crisis--What needs to be done to fix things up--Exposing the phony right-wing solution--And, the death of the "free market"Along the way, you'll learn about the "shadow banking system," and hear clips of Rush Limbaugh, Ronald Reagan, Treasury Secretary Paulson, and...a famous comedy team or two. Huh?