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Play Episode Listen Later Nov 25, 2025 81:19

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureTrump is leading the economy and the Fed is trying to crash it. The people will see that in the end we do not need the Fed. The fake news/[CB] narrative is falling apart. Trump puts up graph showing they are lying. The economy, Bitcoin and Gold/Silver are about to boom. The [DS] infiltration runs deep in DC and across the country. The [DS] players, Obama/Soros and other had many years to create their system. Trump is exposing and dismantling their system at lightening speed. Trump is now pushing for peace in regards to Ukraine and Russia, the [DS]/EU/NATO do not want peace and they will fight back to the very end. The entire corrupt criminal system is being exposed to the people . Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/TKL_Adam/status/1993316668232417726?s=20 https://twitter.com/BitcoinMagazine/status/1993075213194740140?s=20 Political/Rights https://twitter.com/RichardGrenell/status/1993306352358506974?s=20 https://twitter.com/esaagar/status/1993054375854719415?s=20 https://twitter.com/CMDROpAtLargeCA/status/1993018252466045032?s=20 https://twitter.com/MJTruthUltra/status/1993124677582033146?s=20 the grand jury in the Epstein (Southern District of Florida) and Maxwell (Southern District of New York) cases. This includes a broad set of DOJ-held files related to Epstein, including: – Investigative materials from Epstein’s cases. – Internal DOJ communications about the investigations. – Files referencing individuals involved in Epstein’s prior cases (e.g., potential “client list” mentions). – Details on sex-trafficking allegations. – Records concerning Epstein’s 2019 death in custody (initially ruled a suicide but long questioned). These materials stem from Epstein’s 2008 Florida plea deal, his 2019 federal charges (which ended with his death), and Maxwell’s 2021 conviction. This targeted unsealing could reveal long-buried details about Epstein’s network, high-profile associates, and DOJ coverups. DOGE https://twitter.com/nicksortor/status/1993106213480112322?s=20 https://twitter.com/disclosetv/status/1993087579105775858?s=20 What is Trump Going to Use It For?The executive order positions the Genesis Mission as a tool to unleash a “new age of AI-accelerated innovation and discovery” to solve 21st-century challenges and maintain U.S. technological dominance. Specifically, Trump intends to use it for: Accelerating Scientific Breakthroughs: By harnessing the world’s largest collection of federal scientific datasets (built over decades) to train AI foundation models and create AI agents that test hypotheses, automate research workflows, and drive discoveries comparable to historical efforts like the Manhattan Project. Combining National Resources: Integrating efforts from American scientists (including at DOE national labs), pioneering businesses, world-renowned universities, existing research infrastructure, data repositories, production plants, and national security sites to achieve dramatic advancements in AI development and utilization. Addressing Key Domains: Focusing on national priorities to revolutionize areas like infrastructure, data management, production, and security; build on innovations in semiconductors and high-performance computing; and secure energy dominance. Economic and Strategic Benefits: Dramatically enhancing workforce productivity, multiplying returns on taxpayer investments in research and development, strengthening national security, and furthering America’s global strategic leadership in technology. Broader Impacts: Enabling AI-directed experimentation, manufacturing, and problem-solving to tackle existential risks and opportunities, while ensuring secure, interoperable systems across government and partners. This initiative is framed as a response to global competition in AI, building on prior actions like America’s AI Action Plan, with an emphasis on urgency to outpace adversaries and foster economic growth. Geopolitical https://twitter.com/nicksortor/status/1993073948704096715?s=20 Second Amendment rights for MILLIONS of Americans,” AG Bondi said https://twitter.com/MJTruthUltra/status/1993094085570126026?s=20 prohibited on private property open to the public unless the owner explicitly opts in. It would establish nationwide that the Second Amendment, post-Bruen, FORBIDS states from inverting the historical presumption—carry is allowed on such property unless the owner affirmatively prohibits it—forcing Maryland, California, New Jersey, New York, and any similar regimes to FLIP their private-property rules and dramatically expand where permit holders may carry for self-defense. It's set to be ruled on likely in June 2026, and to me, it's a GUARANTEED WIN Trump ready to talk with Maduro – Axios US President Donald Trump plans to speak directly with Venezuelan President Nicolas Maduro despite Washington's move to designate him as the head of a terrorist organization, Axios reported on Tuesday, citing administration officials. The US has formally designated the ‘Cartel of the Suns' – a purported criminal network alleged to operate within Venezuela's security services – as a foreign terrorist organization, putting it in the same category as Al-Qaeda and Islamic State. Announcing the step on Monday, the US Treasury reiterated long-standing allegations that Maduro, whose legitimacy Washington disputes, heads the group. Source: rt.com War/Peace https://twitter.com/WallStreetMav/status/1993323843482427656?s=20 EU Approves €1.5BN Plan To Build Up Ukraine’s Military-Industrial Sector Even as the Trump-backed Ukraine peace plan is said to be advancing as negotiations intensify ahead of a Washington-imposed deadline of Thursday, the European Union continues its efforts to ramp up support to Ukraine’s defense sector. On Tuesday European Parliament voted to approve a 1.5 billion euros ($1.7bn) program which seeks to deepen integration between Ukraine and Europe on military-industrial relations. Source: zerohedge.com Ukraine Tentatively Agrees To Trump-Backed Peace Plan, Sending Oil Sliding A US official privy to negotiations is claiming major progress Tuesday, telling ABC News the Ukrainian delegation has agreed to the United States’ potential peace plan, at a moment it’s still being hotly debated, especially among the Europeans. “The Ukrainians have agreed to the peace deal,” the US official said, but without specifying much in the way of details. “There are some minor details to be sorted out but they have agreed to a peace deal.” Of course, the proverbial devil is in the details, along with each side’s ‘red lines’ – and so this claim should be taken with caution at this still very early point. The Trump White House has set a deadline of Thursday, or Thanksgiving Day in America, for the warring sides to reach a deal. This suggests these talks are moving along with intensity and a sense of urgency. Source: zerohedge.com Proceed Carefully: U.S. Media Reporting Zelenskyy Has Agreed to President Trump Terms for End to Ukraine-Russia Conflict Remember, (1) Zelenskyy is ideologically opposed to coming to terms for a ceasefire against Russia. (2) Zelenskyy has the full support of the European nations to continue fighting. (3) Ukraine has a habit of using positive statements as tools to try and box in President Trump, only to hold firm to certain positions in an effort to derail peace negotiations. Source: theconservativetreehouse.com Medical/False Flags https://twitter.com/disclosetv/status/1993298834714403297?s=20 [DS] Agenda https://twitter.com/amuse/status/1993329083606827182?s=20 defender, acquitted Abdi Fatah Yusuf on all charges after jurors found he and his wife ran a fake home-health business out of a mailbox and stole $7.2M in Medicaid funds. Jurors say they are stunned because the evidence of fraud, overbilling and luxury spending was “obvious.” Community pressure and political considerations are now being blamed for the decision. Yusuf walks free while taxpayers eat the loss. Abdi will get to keep his new wardrobe from Coach, Canada Goose, Michael Kors, Third Degree Heat, Nike, and Nordstrom and his whip a Porsche 911. https://twitter.com/drawandstrike/status/1993178893960851620?s=20 housing. affiliates in our major cities start going under. Because their cheap illegal labor is no longer going to be affordable. And I’m going to enjoy watching every minute of it. President Trump's Plan https://twitter.com/JoeLang51440671/status/1993319619403169935?s=20 to do anything. “Sen. Rand Paul on Sunday warned that President Donald Trump's focus on Venezuela may lead to a “fracture” among those who were drawn in by his campaign promise of avoiding foreign wars.” “Over the last few months, Trump has launched a campaign to eliminate alleged drug trafficking in international waters near Central and South America, mostly through controversial boat strikes – although he has also floated the idea of taking the strikes to land. On Monday, the Trump administration will officially designate Venezuela's Cartel de los Soles as a foreign terrorist organization – a decision Paul on Sunday criticized. “I think by doing this, they are pretending as if we are at war,” said Paul, chair of the Senate Committee on Homeland Security and Governmental Affairs. “They're pretending as if they've gotten some imprimatur to do what they want,” he warned. “When you have war, the rules of engagement are lessened.” How many years has Rand Paul, been in office and when has he ever lifted a finger to go after the drug cartels? Trump is the first president who is waging a real war against drug cartels worldwide and Rand is doing his best to try and stop him. Trump cares about the millions of Americans who are dying from drug addiction and the families, who have lost loved ones. Rand Paul cares more about the drug cartels. And he's crying because Trump doesn't need him for anything. “Democrats in Congress have also expressed outrage over the strikes and the lack of briefings on the administration's actions – something Paul said he too has not received despite his position on the Senate Homeland Security Committee.” “I've been given zero, not one briefing because I am skeptical of what they are doing,” Paul said. “They don't brief me or the general Senate at all. A few hand-selected people may have gotten a briefing but I have not been invited to any briefings on Venezuela.” Why isn't Trump briefing Rand Paul or the democrats? Because you don't brief your enemies on your plans, when you are engaged in war. Rand Paul is nothing but a grandstanding politician and he can't stand the fact, that Trump ignores him and doesn't need him for anything. Do you want to know why else, Trump doesn't listen to him about fighting drug cartels? Here's Rand's solution to the problem: “Paul conceded that the flow of drugs into the country remains an issue but insisted that the government should focus on eliminating the demand for drugs here at home. “We should be trying to work on the demand side, treating it as a health problem, as an addiction problem in our country and trying to lessen demand. And that is part of the overall solution,” he said.” https://politico.com/news/2025/11/23/rand-paul-gop-venezuelan-strikes-00666488 To Rand Paul, millions of Americans dying from “illegal” drugs is just an “issue.” He thinks the solution is to pass legislation that takes more money from the American taxpayer and puts a bandaid on the problem. Trump on the other hand, is enforcing the laws already on the books and waging war against narco drug trafficking states that are clearly killing Americans for profit. We don't need Rand Paul in the Republican Party. He's only trying to get in the way and slow down Trump's efforts to Make America Great Again. The sooner he is removed from Congress the better. Marjorie Taylor Greene's Resignation Could Spark Another Shutdown Rep. Marjorie Taylor Greene's (R-GA) resignation from Congress could handicap Republicans in a critical period during which government funding expires, with dire consequences for the MAGA movement. Georgia law dictates that within ten days of a congressman's resignation, the state's governor must call a special election to take place after at least 30 days from his pronouncement. If no candidate wins a majority in the jungle election (during which all candidates run against one another regardless of party), a runoff with the top two vote-getters takes place 28 days later. By prolonging her election, Greene all but assures her seat will be empty during a period where Trump and Speaker Mike Johnson (R-LA) — and the American people dependent on a functioning federal government — may need every vote they can get. Greene, by prolonging her resignation for a month and a half, removes much of the urgency of scheduling a special election. Georgia political operatives project Kemp to set a date in March. Source: breitbart.com Vindman Brothers, Who Helped Impeach Trump In 2020, Are Now Under Investigation Rep. Eugene Vindman, D-Va., and his twin brother Alexander are reportedly under investigation for illegally acting as “paid brokers” for U.S. defense firms seeking business in Ukraine. “Pentagon General Counsel Earl Matthews alleges that Vindman and his twin brother Alex did not have approval from the U.S. government before seeking to act as ‘paid brokers' for American defense firms pursuing contracts with Ukraine after Russia's 2022 full-scale invasion,” the Washington Post revealed over the weekend, citing a Nov. 19 letter for War Secretary Pete Hegseth. https://twitter.com/YVindman/status/1992069421372985528?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1992069421372985528%7Ctwgr%5E5f28cda2d29a3d17d474e14a7cdd0e88aa077fe9%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.zerohedge.com%2Fgeopolitical%2Fvindman-brothers-who-helped-impeach-trump-2020-are-now-under-investigation Source:zerohedge.com https://twitter.com/mrddmia/status/1993025823268651228?s=20 application and committed bank fraud. The prior U.S. attorney refused to prosecute these Democrat operatives. So the Attorney General picked a new one who is unafraid to follow the law. What is the Democrats' response? Unsurprisingly, an Obama judge hand-selected a Clinton judge. Then the Clinton judge tossed both indictments. And the first sentence in both nearly identical orders, in which the Clinton judge personally and gratuitously attacks Lindsey Halligan, makes it crystal clear this judge is a Democrat partisan. Democrat politicians, including in robes, shamefully protect their own. Unfortunately, we have two systems of justice. One Democrats weaponize against enemies. And one Democrats weaponize to protect allies. The Justice Department must appeal. And it must move aggressively to bring charges against the Lawfare Democrats in Fort Pierce, Florida. https://twitter.com/julie_kelly2/status/1993096660734689379?s=20 https://twitter.com/WarClandestine/status/1993064224420249957?s=20 https://twitter.com/mrddmia/status/1993348171221659741 the Senate Judiciary Committee. Because too many Republicans would vote NO. Home-state senators do not want to give away their power to hand-select the U.S. attorney who would prosecute them, the U.S. district judge who would oversee their trial, and the U.S. marshal who would escort them to prison. The solution is simple: Have all Senate Judiciary Republicans and at least 50 Senate Republicans sign a letter saying this: “We will vote to confirm President Trump’s U.S. attorney nominees who lack blue slips from home-state senators.” Then Grassley can move forward with a committee vote. But why would Grassley anger all his colleagues and waste limited committee resources, if the nominees will fail? https://twitter.com/DataRepublican/status/1993291465137831953?s=20 https://twitter.com/C__Herridge/status/1993308443667472479?s=20 Kash Patel Talks In Depth About Attempted Trump Assassin And His Motives FBI Director Kash Patel told investigative journalist Catherine Herridge that hatred for the U.S. government and the two-party system played a role in Thomas Matthew Crooks' attempt to assassinate President Donald Trump on July 13, 2024 in Butler, Pa. Herridge asked Patel what motivated Crooks, 20, to try to kill Trump, then the presumptive Republican presidential nominee. Patel's answer appeared to depart from previous FBI statements when bureau officials said they were unable to find a motive or ideology behind the assassination attempt. The FBI director — appearing on Herridge's show “Straight to the Point” by the Los Angeles Times Media Group — told her that Trump was “satisfied” with his agency's investigation into that fateful day. Patel stopped short of saying the case was closed. “He [Crooks], as has been publicized, had a basically hateful relationship with the United States government, talked disparagingly about both political parties, to include President Trump, and talked about the need to take matters into his own hands. And, unfortunately, that's what he did,” Patel said when Herridge asked about Crooks' motive. Patel was later asked if Trump was satisfied with the FBI's findings regarding the July 2024 assassination attempt. He emphatically responded “yes.” Herridge asked Patel, “Is the Thomas Crooks case a closed case?” “How we treat cases like this of such great public importance is we put them in a pending-slash-inactive status, so if there's new information that comes in, we can receive it and react to it, and we don't want to foreclose that possibility,” the director said. Source: dailycaller.com https://twitter.com/amuse/status/1993323400173887975?s=20 like the Kuwait Liberation Medal, Southwest Asia Service Medal, and National Defense Service Medal sit in more prominent inboard positions. On the ribbon bar, the Armed Forces Expeditionary Medal and Sea Service Deployment Ribbon are placed ahead of higher-precedence decorations such as the Air Medal and Navy Commendation Medal. On the medal cluster below, the Legion of Merit and Air Medal are buried beneath service medals like the NATO Medal and National Defense Service Medal, which should be near the bottom of the stack. These reversals violate Navy precedence rules requiring the highest honors to appear inboard and for full-size medals to match the order of their corresponding ribbons. https://twitter.com/overton_news/status/1993150617770996056?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1993150617770996056%7Ctwgr%5E44d0521508949894625558b46595b8eb2aec23cc%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fsister-toldjah%2F2025%2F11%2F25%2Fmark-kelly-makes-a-damning-admission-when-asked-specifically-about-illegal-orders-n2196541 specific, potentially illegal orders that you were thinking about that were the sort of precipitating cause for you guys to get together and do that?” KELLY: “Here's the thing, Rachel. You don't want to wait for your kid to get hit by a car before you tell them to look both ways.” In other words, no examples and no specifics. https://twitter.com/amuse/status/1993282070152724582?s=20 https://twitter.com/Breaking911/status/1993345626067853800?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1993345626067853800%7Ctwgr%5Eca09c94a37f7c22b3856e0c640694000c3fafa26%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fredstate.com%2Fnick-arama%2F2025%2F11%2F25%2Ffbi-to-interview-the-six-democrats-who-made-illegal-orders-video-n2196542 https://twitter.com/CynicalPublius/status/1993367383281746424 the lower ranks of the nation's military against said elected leadership. https://twitter.com/JoeLang51440671/status/1993138036385701971?s=20 confirmed plans to designate the Muslim Brotherhood (MB) as a foreign terrorist organization (FTO), the White House formally announced on Monday evening that the president has initiated the process to classify specific chapters and subdivisions of MB as FTOs.” “Trump’s order cites MB’s violent activities and support for militant factions, including participation in attacks on Israeli civilians and military targets after October 7, 2023, as well as calls for violence against U.S. allies. These actions, the order says, threaten American citizens and destabilize the Middle East.” https://zerohedge.com/political/trump-tells-john-solomon-muslim-brotherhood-terrorist-designation-imminent Do you think it's just a coincidence, that Mamdani just met with Trump at the White House and the meeting was nothing like what anybody expected? Instead of the meeting being tense, Trump and Mamdani were joking around and acting like old friends. Both willing to work together for the benefit of the people in New York. And now Trump just designated the group that was one of Mamdani's biggest fundraisers, as a terrorist organization. Just a coincidence? The ball is now in Mamdani's court. Trump proved to the world, by how he treated Mamdani, that what he really cares about, are the people of New York. Is Mamdani going to work with Trump, or choose to be a puppet of the Muslim Brotherhood? Mamdani now gets to choose which side he is on. https://twitter.com/WhiteHouse/status/1993079037611397563?s=20 President Trump Recognizes Certain Muslim Brotherhood Chapters for Potential Foreign Terrorist Designation The Muslim Brotherhood is the political arm of authentic Islam, and can be considered much like the umbrella organization for a host of different factions of Islamic fundamentalism. The Brotherhood is the unified political voice of many regional chapters, each with a varying degree of authentic Islam behind it. Qatar is the central bank for the Muslim Brotherhood; Turkey represents the Brotherhood's biggest national support network, and Egypt is the intellectual or scholastic battleground where the values of political Islam are debated. The executive order instructs the State Dept to officially begin the process to look at each chapter of the Muslim Brotherhood as a separate entity, and then see if the designation of a terrorist organization can apply to that chapter. As noted in the Executive Order, “relevant here, its chapters in Lebanon, Jordan, and Egypt engage in or facilitate and support violence and destabilization campaigns.” It looks like Lebanon, Jordan and Egypt chapters of the Brotherhood will get the first review. Egyptian President Abdel Fattah al-Sisi already dealt with the extremist Muslim Brotherhood once, kicking their leadership out of Egypt. The leaders fled to Qatar, and then ultimately ended up in Turkey, where Recep Erdogan absolutely loves the usefulness of the Brotherhood. Jordanian King Abdullah has been balancing the Muslim Brotherhood influence for years, and Lebanon is a hot mess with the Hezbollah faction of the Brotherhood. The Muslim Brotherhood, as a political structure, holds all kinds of extremist factions under its umbrella (al-Qaeda, al-Nusra etc.). Source: theconservativetreehouse.com 1237 Apr 22, 2018 1:31:31 AM EDT Q !xowAT4Z3VQ ID: 3e4934 No. 1141069 “The process of settlement is a ‘Civilization-Jihadist Process' with all the word means. The Ikhwan [MUSLIM BROTHERHOOD] must understand that their work in America is a kind of grand jihad in eliminating and destroying the Western civilization from within and ‘sabotaging' its miserable house by their hands and the hands of the believers…” https://clarionproject.org/muslim_brotherhood_explanatory_memorandum/ Q 3881 Feb 24, 2020 8:36:43 PM EST Q !!Hs1Jq13jV6 ID: b03e04 No. 8238822 EMHyS2xXkAA8JrB.png https://twitter.com/cain_nate/status/1231066589996318720 Listen carefully. Think: re: why [no] arrests (justice) yet? What if (almost) every critical position [sr] within the US GOV apparatus was infiltrated? WHAT MUST BE DONE FIRST? THE SWAMP RUNS DEEP. +Sleepers Backgrounds are important. MUSLIM BROTHERHOOD List of ‘in the news now [names]‘ w/ known ties to Islam? THIS IS NOT ANOTHER 4-YEAR ELECTION. [assumptions correct – package well rec [known]] Q (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");

Morning Report 26 Nov 25: US stocks rally on increased hopes for a December rate cut

CommSec

Play Episode Listen Later Nov 25, 2025 9:58

Wall Street extended its rebound overnight as investors looked ahead to the Thanksgiving holiday and grew more confident in a December rate cut. US Treasury yields eased, with the 10-year slipping below 4% as Hassett emerged as the frontrunner for the Fed’s top job. In stocks, Nvidia fell as its rivalry with Google intensified, while Abercrombie's stock surged despite a general retail pullback. In commodities, oil declined as ongoing Ukraine–Russia talks raised expectations of improved supply. Back home, Aussie shares are expected to extend gains on Wednesday, with key inflation data and New Zealand’s rate decision in focus. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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Checking the Math on Trump's $2,000 Checks

The Big Take

Play Episode Listen Later Nov 24, 2025 18:09 Transcription Available

Under new pressures over inflation and affordability, President Donald Trump has been talking up a plan to share tariff revenues with Americans, in the form of $2,000 checks. But there are several major problems with this plan — and he’s lacking support among some of his most ardent allies. On today’s Big Take episode, host Sarah Holder is joined by Bloomberg senior national political reporter Nancy Cook and US Treasury reporter Dan Flatley to discuss how Trump’s latest proposal fits into the economic debate that could define midterm elections – and how the Supreme Court, the Republican party and Trump’s own cabinet could throw a wrench in his plans. Read more: Trump’s $2,000 Tariff ‘Dividend’ Marks Throwback to Covid Checks Trump’s $2,000 Tariff Check Idea Draws Republican Resistance See omnystudio.com/listener for privacy information.

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11/19 To fill NY Assembly seat Zohran Mamdani endorses a woman who believes that 9/11 should be blamed on America

Garage Logic

Play Episode Listen Later Nov 19, 2025 91:16

To fill NY Assembly seat Zohran Mamdani endorses a woman who believes that 9/11 should be blamed on America. Just down the eastern shore, Trump hosted a potentate, who, according to the CIA, is responsible for the death of journalist Jamal Khashoggi. Mount Rainer about to erupt. Four morons try to cash a stolen $27 million dollar US Treasury check. Will Dearborn, MI, be ground zero between Christianity and Islam? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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As risk fear rises, bond markets draw attention

Economy Watch

Play Episode Listen Later Nov 19, 2025 5:01

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with markets are even more skittish today, with key activity moving into bond markets even at higher yields.First, American mortgage applications fell back last week and by their most since late September. Fears about rising interest rates are getting the blame as it sinks in that highish inflation isn't going away. Refinance activity was the hardest hit. Still, it and purchase application levels remain well above year-ago levels.There was also official data released overnight, old catchup data for the US trade balance for both goods and services. That came in at the expected -US$50 bln deficit for August, exports flat, imports also flat. That was slightly better than August 2024 but almost identical to August 2023.And there will be no October jobs report from the US. It has been cancelled, officially because they "couldn't collect some data", but more likely because it would have delivered news the White House didn't want.Meanwhile reports circulate that the US is not only rolling back tariff-taxes on food imports, it is also close to rolling them back on steel and aluminium, maybe like the food rollback, somewhat selectively.The latest US Treasury 20 year bond auction raised US$17.8 bln at a median yield of 4.65%, up from 4.46% at the prior equivalent auction a month ago.The US Fed minutes of their last meeting on October 30 are due to be released at 8AM NZT. There is intense interest in these, more so because Trump as one acolyte in on the meetings pushing for [dangerous] rate cuts. If there is important stuff that emerges, we will update this item here.In Japan, September machinery orders rose a better-than-expected +11.6% from the same month a year earlier, up an impressive +4.2% from August. (This result is not twisted by large, volatile items like for ships or major infrastructure machinery such as electric power plants. That would have pushed the rise even higher.) Export orders were particularly notable.And Japan's 10-year government bond yield rose above 1.77% on Wednesday, a 17-year high. A year ago it was at 1.06%. The recent climb comes ahead of a crucial ¥800 bln debt auction (US$5.1 bln) that could indicate investor appetite signals. That is important because the new Takaichi government plans major debt-financed stimulus which is raising fiscal concerns.Meanwhile, China has raised US$8.6 bln in USD and EUR bonds. While that is a lot for them, it pales compared to the US$234 bln that was bidIn Malaysia, they are still an export powerhouse with October exports up +15.7% from a year ago and to a record high, imports up +11.2%, also a record high, resulting in a larger positive trade balance than expected. In fact, they haven't run a trade deficit in any month since the pandemic.As expected, the Indonesian central bank left its policy rate unchanged yesterday at 4.75%.In Australia, payroll costs rose pretty much as expected in the September quarter. They were up +3.4% year-on-year in Q3 2025, unchanged from the previous quarter. Public sector wages increased +3.8%, slightly above the +3.7% rise in Q2, while private sector wages grew by +3.2%, easing from +3.4% previously. (Overall, total wages and salaries for all employees rose +5.3% for the year to September, boosted by an expanding workforce.)The UST 10yr yield is now at 4.11%, down -3 bps from this time yesterday.The price of gold will start today at US$4071/oz, and up +US$10 from this time yesterday.American oil prices have softened -50 USc from yesterday to be just under US$59.50/bbl, with the international Brent price down to under US$63.50/bbl.The Kiwi dollar is now at just on 56 USc, and down -60 bps from yesterday. Against the Aussie we are down -30 bps at 86.7 AUc. Against the euro we are down -40 bps at 48.5 euro cents. That all means our TWI-5 starts today at just over 60.7, and down -50 bps from yesterday, to its lowest since July 2009.And we probably should note that the NZD has now fallen below 4 Chinese renminbi for the first time in three years.The bitcoin price starts today at US$89,524 and down a sharp -4.2% from yesterday and well lower than year-ago levels. In fact, it is falling as we publish. Volatility over the past 24 hours has been moderate at just on +/- 2.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Episode #238 -- Vince Lanci and the New Triange Trade in Gold

Gold Goats 'n Guns Podcast

Play Episode Listen Later Nov 18, 2025 108:16 Transcription Available

Trader, writer, and Spicy Italian Meatball (!!) Vince Lanci returns to the podcast to close the loop on our now three-year financial & geopolitical bromance which began with the help of the equally great, but not nearly as spicy Tom Bodroviks then of Palisades Gold Radio and now Competent Investor, when we first discussed the idea of Gold-backed US Treasury bonds, as promoted by Judy Shelton.Vince and I cover the implications for the further coalescing of a Russian / Chinese / American currency and bond trade which combines the best that all three countries have to offer to a world which cuts out the City of London, Brussels, the BIS, and, of course, Davos.It's a wild ride.... Vince never disappoints.Show Notes:Vince on XVBL's GoldFixTom on XGGnG on Patreon

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Corporate Finance Explained | Corporate Tax Strategies

FinPod

Play Episode Listen Later Nov 18, 2025 15:18

Why do profitable giants like Apple and Amazon report billions in earnings yet often pay surprisingly low effective tax rates (ETR)? On this episode of Corporate Finance Explained on FinPod, we pull back the curtain on corporate tax strategy, focusing on legal optimization and the strategic levers finance teams use to manage this massive cash outflow. Listen in to learn how taxes are not just a cost, but a manageable and critical strategic function.The Corporate Tax Playbook: 5 Key LeversFinance teams at multinationals use a sophisticated toolkit to legally minimize their ETR, often utilizing government-built policy incentives:Tax Deductions and Credits: Maximizing credits for R&D investment and strategically using accelerated depreciation to generate short-term cash flow benefits.Transfer Pricing: The controversial method of setting internal prices for goods and intellectual property (IP) traded between subsidiaries. The goal is to allocate more profit to low-tax jurisdictions while adhering to the arm's length standard.Holding Structures: Parking high-value assets (like core IP/patents) in subsidiaries based in low-tax jurisdictions (e.g., Ireland, Luxembourg) to have associated royalties taxed at a lower rate.Deferred Tax Assets: Booking tax benefits now that relate to future profits or past losses, providing financial flexibility.Corporate Inversions: The ultimate move of changing a company's legal home to a lower-tax country (largely curtailed by 2017 US regulations).Real-World Pitfalls and Regulatory ChallengesOptimization is a tightrope walk. We examine where legal planning clashes with public opinion and regulatory pressure:Apple and the EC: A stark example of a legal structure being challenged retroactively as illegal state aid by the European Commission, forcing the company to pay back billions.Starbucks in the UK: Faced massive reputational risk and boycotts because of paying almost no corporation tax, despite generating high sales, by using large transfer pricing royalty payments to a Dutch subsidiary.Pfizer and Policy Risk: The company's multi-billion-dollar inversion strategy was instantly killed by a sudden US Treasury change in administrative rules, demonstrating how policy shifts can wreck financial models.Amazon's Strategy: A focus on maximizing R&D deductions and using geographical allocation to book operating costs in high-tax countries while recognizing profit in lower-tax jurisdictions.The Modern Tax Mandate for FinanceThe focus has shifted from mere compliance to strategic resilience. The modern tax mandate requires a global, proactive approach:Align Tax with Business Strategy: The tax structure must support real business activity and have economic substance; structures built purely for tax avoidance are major red flags.Focus on Cash Taxes: Finance must rigorously forecast cash taxes paid out the door, not just the accounting tax expense, as cash flow impacts liquidity and valuation.Rigorous Documentation: Meticulous records and data are the best defense against audits for complex intercompany policies like transfer pricing.Monitor Global Trends (BEPS): Understanding the OECD's BEPS (Base Erosion and Profit Shifting) initiative and the push for a 15% global minimum corporate tax rate is essential, as it fundamentally undermines traditional low-tax strategies.

Financial Crime Weekly Episode 202

Financial Crime Weekly Podcast

Play Episode Listen Later Nov 16, 2025 18:31

Hello and welcome to episode 202 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. This episode covers significant sanctions news including the US Treasury targeting the Democratic Karen Benevolent Army for operating cyber scam centres in Burma, and the sanctioning of a global network supporting Iran's missile and UAV programmes across Iran, China, the UAE, and several other countries. The episode also covers transnational crime fighting efforts, such as FinCEN's proposed rule identifying Mexico-based gambling establishments as a primary concern due to their ties to Sinaloa Cartel money laundering, and the UK's alert exposing how global shadow fleets enable sanctions evasion. Additionally, the episode addresses major cyber developments, including Europol's Operation Endgame which dismantled significant cybercrime infrastructure, and the UK's announcement of the Cyber Security and Resilience Bill aimed at protecting critical services and regulating managed service providers.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

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Fed hawkishness and China data weigh on investor sentiment

Moving Markets: Daily News

Play Episode Listen Later Nov 14, 2025 11:59

Markets turned risk-off after early optimism. European stocks reversed gains, with the STOXX 600 down 0.6%. In the US, hawkish Federal Reserve comments erased the relief rally: the Nasdaq dropped 2.3%, Bitcoin fell back below USD 100,000, and gold eased slightly. Odds of a December rate cut slipped to 50% following remarks by several Fed members, lifting US Treasury yields. US president Trump plans tariff cuts on food imports to tackle inflation. Brent crude rebounded from midweek losses. The dollar softened, the Swiss franc strengthened, the yen hit a record low against the euro, and sterling remains volatile. Weak Chinese data weighed on Asian equities, led by technology losses. Tim Gagie, Head of FX Advisory Geneva, highlights that precious metals are trading with equity-like dynamics, the CHF goes from strength to strength, while the Japanese yen is under pressure.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:28) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:30) - FX and metals update: Tim Gagie, Head of FX Advisory Geneva (10:51) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Luke Gromen: Here Comes The Repo Man

Okay, Computer.

Play Episode Listen Later Nov 12, 2025 49:56

Danny Moses hosts Luke Gromen, founder of Forest for the Trees, on the On the Tape Podcast. In this episode, they discuss the SRF and SOFR rates, recent stresses in the repo markets, and the US Treasury's actions to alleviate funding issues. Luke explains the systemic risks in the financial system, the influence of hedge funds in the US Treasury market, and compares the current repo market scenario to 2019's market upheavals. The conversation shifts to the implications of AI on jobs and the economy, potential credit market disruptions, and the sustainability of the AI CapEx cycle. They delve into the geopolitical dynamics with China, the critical role of rare earths, and the delicate balance in the US-Japan economic relations. The episode concludes with a discussion on gold as a strategic asset, Bitcoin's potential, and the future of monetary policy amid fiscal dominance and inflation.--ABOUT THE SHOWFor decades, Danny has seen it all on Wall Street and has built his reputation on integrity, curiosity and skepticism that he will bring with him each week. Having traded through the Great Financial Crisis and being featured in "The Big Short" is only part of the experiences Danny wants to share with the listener. This weekly podcast cuts through market noise, offering entertaining and informative discussions with expert guests giving their views of the financial world and the human side of it. Whether you're a seasoned investor or just getting started, On The Tape provides something for all listeners.Follow Danny on X: @dmoses34The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'On The Tape' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose.Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service. Hosted on Acast. See acast.com/privacy for more information.

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Clinton Corruption Files Released,Trump Is In The Process Of Constructing The New America – Ep. 3772

Play Episode Listen Later Nov 11, 2025 101:52

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture Fed Miran is pushing for another rate cut. Secretary Burgum says lower energy prices means lower prices. This is how Trump battling the [CB] inflation machine. Elon explains debt slavery. Trump is building the golden age and bringing us back to sound money and the constitution. The FBI/DOJ are handling multiple investigations behind the scenes. They just release the Clinton Corruption Files. These files show how the Clinton's accepted money from foreign groups in a pay to play scheme. It has begun the people will begin to learn who has been treasonous to this country. Trump is in the process of constructing a new America. The [DS] tried to destroy it and now Trump is building a new one. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Fed's Miran Pushes Another Rate Cut. A Smaller Move Could Be Enough. Federal Reserve governor Stephen Miran said Monday he could support a quarter percentage-point rate cut at the Fed's December meeting, even though he continues to see a stronger case for a half-point move. Source: barrons.com https://twitter.com/RapidResponse47/status/1987969323508363295?s=20 https://twitter.com/drawandstrike/status/1988263397012500691?s=20 laundering. They showed it to you and then they shut it down. NGOs the world over getting unverified, often untraceable, no-questions-asked disbursements from the US Treasury. To the tune of hundreds of billions a year. This was ON TOP OF the billions they were sending to Ukraine and about 60 other countries as 'foreign aid'. They extract a massive amount of wealth from the American public yearly. Around $2 trillion, I think. Then, they used the US Treasury payment system to disburse over 100 billion/year to their NGOs around the world to launder that money to themselves. This was probably one of the BIGGEST revenue streams they had. And it was the first one Trump and the DOGE boys cut earlier this year. When this was happening, you had the lawmakers in Congress and former presidential administration officials SCREAMING at Trump and Bessent to turn the USAID and other NGO disbursements back on. You don't hear much of their whining anymore. They know it's not going to happen. Trump got the US federal government to a surplus in 2 of the past 10 months. I guarantee you NONE of the rat bastards who's carefully constructed taxation-and-theft system he's destroying saw this coming a year ago. And that's a beautiful thing. https://twitter.com/EricLDaugh/status/1988243440685977644?s=20 was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight https://twitter.com/NewsTreason/status/1988113088449487254?s=20 terms of investment, from the tariffs." Notice he didn't say “stimulus” he said “dividend”…. DIVIDEND: A dividend is a payment made by a corporation to its shareholders, usually in the form of cash or additional shares of stock.

BofA Global Research Podcasts

Play Episode Listen Later Nov 11, 2025 14:44 Transcription Available

Crypto News: Scott Bessent says the US Treasury and IRS approve staking in crypto ETFs. The Senate Agriculture committee has released its long-awaited bipartisan crypto market structure discussion draft.Brought to you by

IEEPA and Refunding

Play Episode Listen Later Nov 10, 2025 17:04

Tariffs imposed under the International Emergency and Economic Powers Act (IEEPA) account for about 9.5pp of our estimated 14.7pp effective tariff rate after the reduction in fentanyl tariffs on China. Therefore, the Supreme Court's decision could have important implications for activity, inflation, deficits, debt, interest rates, and the dollar. We discuss risks and scenarios after the oral hearings. As expected US Treasury maintained nominal coupon sizes unchanged but also did not guide towards higher bill share. Instead guidance suggests appetite to grow coupon supply in 2027. We discuss scenarios and implications for the US rate and spread curve. You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life. "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2025 Bank of America Corporation. All rights reserved.

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Moving Markets: Daily News

Play Episode Listen Later Nov 7, 2025 17:13 Transcription Available

Crypto News: Ray Dalio warns Fed is stimulating the economy into a bubble and assets like crypto will pump. Banks lobby US Treasury for blanket stablecoin yield ban, Coinbase pushes back. Brought you by

Tech wobbles and Fed to cut, or not to cut?

Play Episode Listen Later Nov 7, 2025 15:08

Outplacement firm Challenger reported over 150,000 job cuts in October – the highest for the month of October in more than 20 years. US Treasury yields fell sharply, raising expectations of a December Fed rate cut, although some officials remain cautious. AI-related stocks dragged markets lower, but the selling was selective. In Europe, German industrial output beat forecasts but remains weak; while the Euro Stoxx 50 fell on disappointing earnings. In Asia, China's exports unexpectedly declined for the first time in eight months. Richard Tang, Head of Research in Hong Kong, discusses the lack of short-term catalysts for China's equity markets and our outlook on the AI investment theme, which is key to markets in Japan, South Korea, and Taiwan.(00:00) - Introduction: Helen Freer, Investment Writing (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:19) - Asia update – Japan, Korea and China: Richard Tang, Head of Research Hong Kong (13:50) - Closing remarks: Helen Freer, Investment Writing Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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Blockchain DXB

Play Episode Listen Later Nov 5, 2025 41:20

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Blockchain DXB

Play Episode Listen Later Nov 5, 2025 22:46

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38: Argentina's Economic Challenge: The Overvalued Peso Guest: Mary Anastasia O'Grady Mary Anastasia O'Grady discusses Argentine President Javier Milei's surprising electoral success but highlights the overvalued peso as his most significant challenge

success argentina economic surprising significant electoral peso us treasury overvalued argentine president javier milei

Play Episode Listen Later Oct 31, 2025 9:16

Argentina's Economic Challenge: The Overvalued Peso Guest: Mary Anastasia O'Grady Mary Anastasia O'Grady discusses Argentine President Javier Milei's surprising electoral success but highlights the overvalued peso as his most significant challenge. The peso's artificial strength is maintained by US Treasury support through a $20 billion swap line and direct intervention, preventing investors from entering the market. O'Grady argues that Milei must allow the peso to float and eventually dollarize the economy, urging him to "rip the band-aid off" and accept the resulting short-term inflation. 1930 ARGENTINA

The vigorous nods of Bessent

Unhedged

Play Episode Listen Later Oct 28, 2025 23:20

US Treasury secretary Scott Bessent has one of the hardest jobs in recent history. He has to implement bizarre economic strategies and keep rational market players calm. Today on the show, Rob Armstrong and Katie Martin discuss Bessent's balancing act. Also they go long depreciation expense and short predictions about gold. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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West Michigan Live with Justin Barclay

Play Episode Listen Later Oct 27, 2025 18:03 Transcription Available

Crypto News: Bitcoin pumps past $115,000 as US Treasury chief Bessent says 'substantial' trade framework with China reached. XRP Ledger Validator Sees NFT-to-NFT Trading Potential in Proposed 'Batch' Amendment. Solana's Marinade Labs CEO Eyes Lower Barrier to Entry for Validators After 'Alpenglow' Upgrade.Brought to you by

Ep 176 — Gamblers Cheat … And So Does The President

Law and Chaos

Play Episode Listen Later Oct 24, 2025 47:53

US Attorney Lindsey Halligan takes a break from prosecuting Jim Comey for leaking to reporters to … leak to reporters. Jim Comey noticed, and so did New York Attorney General Tish James. The Ninth Circuit blesses Trump's invasion of Los Angeles. There is gambling in basketball. We are shocked, SHOCKED! And Trump demands $230 million from US Treasury. Links: O'Hara v. Beck (Star Wars Music) https://storage.courtlistener.com/recap/gov.uscourts.dcd.286143 “Anna, Lindsey Halligan Here.” https://www.lawfaremedia.org/article/anna--lindsey-halligan-here US v. Ramirez (Challenge to appointment of US Atty Bill Essayli) https://www.courtlistener.com/docket/71166841/united-states-v-ramirez/?order_by=desc US v. Tish James https://www.courtlistener.com/docket/71601419/united-states-v-james/?order_by=desc US v. James Comey https://www.courtlistener.com/docket/71459121/united-states-v-comey/ US v. Aiello (NBA indictment 1 - poker cheating) [docket via CourtListener] https://storage.courtlistener.com/recap/gov.uscourts.nyed.537409/gov.uscourts.nyed.537409.1.0_2.pdf US v. Earnest (NBA indictment 2 - basketball cheating) [indictment via New York Times] https://www.nytimes.com/interactive/2025/10/23/nyregion/nba-betting-scheme-indictment.html?unlocked_article_code=1.vk8.BGFB.maF0MnGV9jLM&smid=url-share Show Links: https://www.lawandchaospod.com/ BlueSky: @LawAndChaosPod Threads: @LawAndChaosPod Twitter: @LawAndChaosPod

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Trump Tariffs Working - Jose[h Lavorgna, US Treasury 10-22 2025

Play Episode Listen Later Oct 24, 2025 9:18 Transcription Available

Get the stories from today's show in THE STACK: https://justinbarclay.comJoin Justin in the MAHA revolution - http://HealthWithJustin.comProTech Heating and Cooling - http://ProTechGR.com New gear is here! Check out the latest in the Justin Store: https://justinbarclay.com/storeKirk Elliott PHD - FREE consultation on wealth conservation - http://GoldWithJustin.comTry Cue Streaming for just $2 / day and help support the good guys https://justinbarclay.com/cueUp to 80% OFF! Use promo code JUSTIN http://MyPillow.com/JustinPatriots are making the Switch! What if we could start voting with our dollars too? http://SwitchWithJustin.com

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Trump and Xi, CPI and the Fed, oil and sanctions

Capital Economics Weekly Briefing

Play Episode Listen Later Oct 24, 2025 26:16

Out of the darkness of a shuttered US government comes a rare data release – and it's a CPI report that's given markets some relief as the week draws to a close. But does September's inflation data really clear the way for Fed rate cuts in December as well as October, as investors now expect?In this week's episode of The Weekly Briefing from Capital Economics, Group Chief Economist Neil Shearing explains why the Fed is likely to stay cautious, previews key upcoming central bank meetings, and looks ahead to next week's much-anticipated Donald Trump-Xi Jinping summit in South Korea.Also on the show, the US Treasury's new sanctions on Russia's two biggest oil exporters have brought a key risk to our below-consensus oil price forecasts to the fore. Chief Climate and Commodities Economist David Oxley discusses how much this move could shake up the outlook – and whether Trump will actually follow through with full enforcement.Analysis and events referenced in this episode:Read: China ramping up use of export controlsDrop-In: Argentina's mid-term elections – A referendum on Milei's reformsDrop-In: The Fed, ECB and Bank of England – Latest decisions and policy outlook

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Will the US bail out Argentina?

Unhedged

Play Episode Listen Later Oct 23, 2025 21:03

It won't be easy, and you'll think it's strange, when we try to explain … why US Treasury secretary Scott Bessent is suddenly reversing all current US policy and proposing to send billions of dollars to Argentina. Today on the show, Katie Martin, Rob Armstrong and the FT's Latin America editor Michael Stott discuss Javier Milei's cry for help. Also they go long renaissance composer Palestrina and professional wrestling. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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Mixed markets, metals meltdown, and CHF strength

Moving Markets: Daily News

Play Episode Listen Later Oct 22, 2025 11:43

European and US equity markets were mixed yesterday, with gains from strong earnings offset by declines in mining stocks. French shares reached record highs despite political uncertainty. The Dow Jones Industrial Average hit a new peak following robust earnings. US Treasury yields fell on weak data; gold and silver saw steep declines; the USD strengthened, and the Swiss franc approached record highs amid resilient exports. India and the US are reportedly negotiating a trade deal involving lower tariffs and reduced Russian oil imports. Carsten Menke, Head of Next Generation Research, provides his timely take on one of the sharpest declines in precious metals in years.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:21) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:04) - Gold update: Carsten Menke, Head of Next Generation Research (10:38) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

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Tariff Leverage

Let's Know Things

Play Episode Listen Later Oct 14, 2025 15:44

This week we talk about trade wars, TACO theory, and Chinese imports.We also discuss negotiation, protectionism, and threat spirals.Recommended Book: More Than Words by John WarnerTranscriptIn January of 2018, then first-term US President Trump announced a slew of tariffs and trade barriers against several countries, including Canada, Mexico, and those in the European Union.The most significant of these new barriers and tariffs were enacted against China, though, as Trump had long claimed that China, the US's most important trade partner by many measures, was taking advantage of the US market; a claim that economists tepidly backed, as while some of the specifics, like those related to intellectual property theft on the part of China, were pretty overt, the Chinese government fairly brazenly gobbling up IP and technology from US companies that do business in the country before hobbling those US interests in China and handing that IP and technology off to their own, China-born copies, claims about a trade deficit were less clear-cut—most of those sorts of claims seemed to be the result of a misunderstanding about how international trade works.That said, Trump had made a protectionist stance part of his platform, so he kicked off his administration by imposing a package of targeted tariffs against specific product categories from China, including things like solar panels and washing machines. Those were followed by more tariffs on steel and aluminum—from a lot of countries, not just China—and this implementation of trade barriers between the US and long-time trade partners, which had mostly enjoyed barrier-free trade up till that point, kicked off a trade war, with the Trump administration announcing, out of nowhere, new tariffs or limitations, and the country on the pointy end of that new declaration announcing their own counter, usually something the US sells to their country, while in the background, both countries tried to negotiate new trade terms on the down-low.There was a lot of tit-for-tatting in those first couple years of the first Trump administration, and they led to a lot of negotiations between the US government and these foreign governments, which in turn led to the lifting of many such barriers, though the weaponization of barriers continued, with the administration, for instance, announcing a tariff on all imports from Mexico until the Mexican government was able to halt all illegal immigration coming into the US; negotiation ended that threat, too, but this early salvo upset a lot of the US's long-time allies, while also making it clear that Trump intended to open negotiations with these sorts of threats, whenever possible—which had the knock-on effect of everyone taking the threats pretty seriously, as they were often incredibly dangerous to specific industries, while also taking them less seriously because it was obvious they were intended to be a negotiating tactic.When Trump left office, a bunch of international relationships had been scarred by this approach to trade deals, and when Biden replaced him, he dropped most of the new tariffs against long-time allies, but kept most of the China tariffs in place, especially those related to green technologies like electric vehicles and semiconductors, the local-made versions of which were becoming a big focus for the Biden administration. The administration then went on to expand upon those tariffs, against China, in some cases.What I'd like to talk about today is how this approach to trade protectionism and negotiation has ballooned under the second Trump administration, and what a new threat against China by Trump might mean for how the relationship between these two countries evolves, moving forward.—Trump's second administration opened with an executive order that declared a national emergency, claiming that the Chinese were trafficking drugs, especially synthetic opioids like fentanyl, into the US, and that this allowed criminals to profit from destroying the lives of US citizens.This declaration allowed him to unleash a flurry of tariffs against China, first imposing 10% on all Chinese imports, then increasing that to 20% in March of 2025.China retaliated, imposing tariffs of 15% on mostly US energy products, like coal and natural gas, and on some types of agricultural machines, while also engaging in some legal pressure against US companies, like Google. They followed this up with tariffs against meat and dairy products, and suspended US lumber import rights, and disallowed three US firms from selling soybeans to China.The US reciprocated, and China reciprocated back. There was a period of spiraling broad tariffs and import bans in the mid-2025 between the US and China, which led to an aggregate baseline tariff on Chinese imports of 104%, which was followed with an aggregate Chinese baseline tariff against US goods of 84%. The US then upped theirs to 145%, and China raised theirs to 125%.Again, vital to understanding this spiral is that the Trump administration made pretty clear that they were doing this mostly as a negotiating tactic. There were claims that they could solve the US deficit by raising tariffs so high that the funds from those tariffs would pay off the country's debt, but that's generally not considered to be realistic. Instead, the consensus view is that Trump likes to play negotiating hardball, likes to step into negotiations with the upper-hand, being able to say, give me what I want and I'll reduce the pain you're experiencing, basically, and this play against China was another attempt to make that kind of advantage stick.China, for its part, seemed like it was done with the posturing at that point, though: it announced, after its retaliatory tariffs reached 125%, that it would simply ignore all further increases on the US government's side, because the whole thing is just kind of a joke and it's beneath them to keep playing this game.Not long after that, Trump announced that the tariffs against China would come down substantially, but not to zero; Trump said this was decided after discussions with China, and Chinese officials said they hadn't been in contact with the Trump administration about any of this—which is something that seems to happen quite a bit with the Trump administration.During this period of spiraling trade barriers, China was able to establish better and more open trade agreements with other nations in Southeast Asia, including South Korea and Japan. China also reduced it US Treasury holdings, reducing its exposure to the US economy at a moment in which the US government was betting big on policy that many economists considered to be ham-handed at best, completely nonsensical, delusional, and harmful at worst.During that spiral, before things cooled off, China also began applying protections on locally sourced and refined rare earths, which are a category of mineral that are vital for modern electronics and things like solar panels, batteries, semiconductors, and electric vehicles.China makes and owns the rights to the vast majority of the current global supply of these materials, mining about 70% of them and controlling about 90% of global processing. And cutting them off, or even truncating their flow, is considered to be a huge strategic threat. The US has been slowly investing in alternative supplies for such things, but many of them are difficult or expensive to produce in the proper volume, and it'll likely be a decade or more before those alternative sources can be properly exploited, replacing the volume currently imported from China.Back in June, China granted permits to US businesses that would be allowed to import rare earths, but that supply remained tenuous—a bit of a counter to Trump's ongoing tariff threats that could seemingly arise out of nowhere, messing up everyone's plans. The Chinese seemed to want to leverage this supply in the same way, and keeping things limited while issuing a few permits meant the flow could kind of continue, but could also be slowed or cut off, again, at a moment's notice.In early October, the Chinese government announced new curbs on the export of rare earths and related technologies, just three weeks before a scheduled meeting between Trump and Chinese leader Xi Jinping. These new curbs further limited what could be imported to the US, even if there were intermediary nations involved, and also tightened their grip on anything related to mining, smelting, recycling, and producing products, like powerful magnets, from such materials.It's worth mentioning here, too, that these sorts of materials are increasingly vital for the production of high-tech military goods. If the US were to lose access to sufficient volumes of them, the US military would have a very hard time making missiles, replacing satellite components, building tanks and drones—it would give China a significant advantage, probably for years, in terms of upgrading and maintaining their military hardware.Despite that, and despite the US government's claims that it intended to replace Chinese sources of these materials, theoretically limiting Chinese leverage in these upcoming talks, progress in that department has been minimal, so far; about a billion dollars worth of investment in rare earths supply chains were announced over the past year or so, but further investment is considered to be unlikely in the near-future, and it'll be a while before these investments will pay off, if they ever do.Shortly after that announcement by the Chinese, President Trump threatened to enforce a new 100% tariff on Chinese imports, beginning on November 1, or potentially even sooner, raising tariff levels to just shy of what they were back in April of 2025, at the peak of the US-China trade protectionism threat-spiral.He also said he didn't see any reason to meet with Xi if they were going to limit rare earths in this way, but later clarified that the meeting hadn't been cancelled, and said that he set the implementation date for that new threatened tariff rate to Nov 1 because that would give the Chinese the opportunity to back down on their new trade barriers before they chatted.Global markets, which are sometimes a good barometer for how informed folks think these sorts of negotiations will play out, have been relatively calm about all this, though there have been some significant tumbles in the US market, including a recent drop of about 2.7% for the S&P 500, marking the worst day for the US market since April, back when the tariff threats last reached this kind of peak.One stance that's become popular in trading circles over the past year is the so-called TACO theory, which stands for Trump Always Chickens Out; the idea being that Trump is never really serious about any of these threats, he just likes to talk a big game and then hopes the other side will feel threatened enough to give him what he wants during negotiations—but if they don't, he steps back from all his big talk and quietly gives in to the other side, especially if they have leverage.Some analysts are assuming that's what's happening now, as evidenced by Trump's own statements about giving China the chance to deescalate—giving them specific instructions for how to let things calm down, rather than making these threats and suggesting they're permanent, or not giving the other side any rationale for why it's happening.There's a chance, though, that there's some truth to the opposing theory that this is part of a larger plan by the Trump administration to create a new trade war that's meant to dominate headlines and concerns for a while, maybe as far into the future as next year's elections, all of which is meant to conceal other efforts by the administration, like the military occupancy of American cities and the administration's vehement objection to releasing the so-called Epstein files, which allegedly contain many references to Trump and other powerful people within his administration, which in turn would further connect him to a renowned pedophile.The Republican-controlled congress has made a massive effort to keep those files from being released, and Trump has become well-known for saying and doing headline-grabbing things whenever something inconvenient for him starts bubbling up in the news.So while there's a chance this back-and-forth will end just before those upcoming trade talks, both sides taking their fingers off the trigger, as it were, in order to make a deal, there's also a chance elements of this will be spun into a larger narrative, a war of sorts meant to dominate headlines and conceal other things that the administration would prefer to keep off the front page.Show Noteshttps://apnews.com/article/rare-earths-china-united-states-trade-supply-chain-de92222cda02dc85064c697911c6dea7https://apnews.com/article/tariffs-timeline-trade-war-trump-canada-mexico-china-a9d714eea677488ef9397547d838dbd0https://www.scmp.com/economy/china-economy/article/3318694/china-cuts-us-treasury-holdings-third-month-amid-trade-war-debt-ceiling-fearshttps://apnews.com/article/china-us-trump-tariff-threat-trade-talks-cc4bd30c3b1bcf2eb2676bc0e66efba0https://apnews.com/article/trump-inflation-federal-reserve-powell-88358f4955fd86ef3c86f5e8e089e775https://apnews.com/article/trump-xi-tariffs-china-ai-642b042b1ebe1d1930eb93bf51943e3fhttps://apnews.com/article/trump-xi-china-cc47e258cfc6336dfddcc20fa67a3642https://apnews.com/article/china-earths-exports-trump-dad99d532f858f04d750d0b8c50e5ed6https://time.com/7292207/us-china-trade-war-trump-tariffs-timeline/https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_warhttps://en.wikipedia.org/wiki/Tariffs_in_the_first_Trump_administrationhttps://www.piie.com/research/piie-charts/2019/us-china-trade-war-tariffs-date-charthttps://www.wsj.com/economy/trade/trumps-fresh-tariff-assault-threatens-chinas-fragile-economy-d0b3a00dhttps://www.bbc.com/news/articles/cn828kg8rmzo This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Its OFFICIAL: The US JUST Became the LARGEST Bitcoin Holder! | EP 1353

Simply Bitcoin

Play Episode Listen Later Oct 14, 2025 64:46

The US Treasury made a huge move to secure the lead in nation state bitcoin accumulation!!► Bitcoin Well: https://www.nmj1gs2i.com/63CFP/FGXLG/?source_id=podcast► Ledn: https://www.nmj1gs2i.com/63CFP/9B9DM/?source_id=podcastSimply Bitcoin clients get 0.25% off their first loan► Bitkey: https://www.nmj1gs2i.com/63CFP/7XDN2/?source_id=podcastSIMPLY for 20%► SAT123: https://www.nmj1gs2i.com/63CFP/KMKS9/?source_id=podcastUse code SIMPLY for 15% off► Stamp Seed: https://www.nmj1gs2i.com/63CFP/M2GJW/?source_id=podcastPROMO CODE: SIMPLY for a 15% discount► HIVE Digital Technologies: https://www.nmj1gs2i.com/63CFP/6JHXF/?source_id=podcast► BitcoinBen: bitcoinben.ioFOLLOW US► https://twitter.com/SimplyBitcoinTV► https://twitter.com/bitvolt► https://twitter.com/Optimistfields► Nostr: npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gcJOIN OUR TELEGRAM, GIVE US A MEME TO REVIEW!► https://t.me/SimplyBitcoinTVSUBSCRIBE TO OUR YOUTUBE► https://bit.ly/3QbgqTQSUPPORT US► On-Chain: bc1qpm5j7wsnk46l2ukgpm7w3deesx2mdrzcgun6ms► Lightning: simplybitcoin@walletofsatoshi.com#bitcoin #bitcoinnews #simplybitcoinDISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please contact Simply Bitcoin.

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Israel approves ceasefire plan

FT News Briefing

Play Episode Listen Later Oct 10, 2025 11:56

The Israeli government approved the US-brokered deal for a ceasefire and hostage release in Gaza, the US Treasury has intervened in Argentina's currency market, and Danish offshore wind developer Ørsted plans to cut about a quarter of its workforce. Plus, the FT's Katie Martin explains why the good vibes in the markets are really just investors running on fumes. Mentioned in this podcast:Israeli government approves Gaza ceasefire deal and hostage releaseØrsted to cut quarter of workforce after US setbacksUS Treasury intervenes in Argentina's currency marketBrace for a market melt-upToday's FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President

Play Episode Listen Later Oct 3, 2025 9:42

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1930 BOLIVAR IN CARACAS

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President

Play Episode Listen Later Oct 3, 2025 8:08

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1913 ARGENTINA

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President

Play Episode Listen Later Oct 3, 2025 14:22

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1907 BOGOTA

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President

Play Episode Listen Later Oct 3, 2025 5:23

HEADLINE: Latin American Political Volatility and US Engagement GUEST NAME: Evan Ellis SUMMARY: John Batchelor speaks with Evan Ellis about political instability across Latin America. In Argentina, peso volatility reflects investor doubts about President Milei's survival following election losses and corruption scandals. Despite strong economic fundamentals (poverty reduced to 32%, 3% growth), the US Treasury provided unprecedented support with a $20 billion swap agreement. In Venezuela, Maduro's illegitimate regime lost overwhelmingly to Edmundo Gonzalez in July 2024. The US deployed eight ships and considers limited strikes against the "Cartel de los Soles" leadership. Brazil's Lula might offer Maduro asylum to resolve the crisis while opposing US pressure. Colombia faces chaos under President Petro, whose failed "total peace" policies increased violence. After Petro urged US soldiers to disobey orders, America pulled his diplomatic visa, damaging security cooperation. Mexico's President Sheinbaum enjoys 78% popularity and achieved a 20% homicide reduction. The critical priority remains USMCA renegotiation, preventing Chinese companies from using Mexico as a US market pass-through. 1913 MEXICO CITY

Shutdown, Executive Order 14210, Planned RIF, Setting The Stage, Peace Through Strength – Ep. 3741

Macro Musings with David Beckworth

Play Episode Listen Later Sep 29, 2025 87:59

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger Picture Trump is now moving forward with additional tariffs, the other tariffs have proven not to cause inflation like the Fed had said and now Trump is free to move with additional tariffs. Switzerland wants to help with gold refining to help with their tariffs. Gold could be revalued and this will change everything. The [DS] believe they have trapped Trump in a Gov shutdown. This is being driven by Soros and Trump was expected this. He created EO back in Feb for this very reason to drain the swamp quickly. Trump is now setting the stage to shutdown their riots and stop WWIII they are trying to start. Trump has issued a peace plan with Gaza and Israel, it is now up to the [DS] stated funded terrorists. Peace through Strength. Economy (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); https://twitter.com/briefing_block_/status/1972692864007115084 Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time On the back of a 45% surge in the price of gold this year, the US Treasury's hoard of the barbarous relic has surpassed $1 trillion in value for the first time in history. That is more than 90 times what's stated on the government's balance sheet and is reigniting speculation that Treasury Secretary Bessent could revalue (mark to market) the massive pile of precious metal Unlike most countries, the US's gold is held by the government directly, rather than the central bank. The Fed instead holds gold certificates corresponding to the value of the Treasury's holdings, and credits the government with dollars in return. That means, as we detailed previously, that an update of the reserves' value in line with today's prices would unleash roughly $990 billion into the Treasury's coffers, dramatically reducing the need to issue quite so many Treasury bonds this year. Germany, Italy and South Africa all have taken the decision to revalue their reserves in recent decades, as an August note from an economist at the Federal Reserve discussed. US gold re-marking would have implications for both the Treasury & Fed balance sheets. US Treasury: assets would rise by the value of the gold re-marking & liabilities would rise by the size of gold certificates issued to the Fed. Federal Reserve: assets would rise by value of gold certificates & liabilities would rise by a crediting of cash in the Treasury cash balance (Exhibit 4). And here is the punchline: the Fed balance sheet impact would look like QE though no open market purchases would be required & Fed liability growth would initially be in TGA. In other words, the best of all words: a QE-like operation, one which see the Fed quietly funnel almost $700 billion in cash to the Treasury... but without actually doing a thing! On net, a gold re-marking would increase the size of both Treasury & Fed balance sheets + allow for TGA to be used for Treasury priorities (i.e. SWF, pay down debt, fund deficit, etc). Meanwhile, the Fed and Treasury magically conjure some $990 billion out of thing air to be spent on whatever, all because the Treasury agrees that the fair value of gold is... the fair value of gold. Source: zerohedge.com Political/Rights

Jon Hartley on the Legacy of John Taylor and his New Measure of R-Star

Play Episode Listen Later Sep 29, 2025 64:20

Jon Hartley is a macroeconomist and affiliated scholar at the Mercatus Center. Jon returns to the show to discuss the most recent Hoover Monetary Conference, the legacy of John Taylor, why central banks should be using his new measure of r-star, the status of debt management at the US Treasury, and much more. Check out the transcript for this week's episode, now with links. Recorded on August 26th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Jon Hartley on X: @Jon_Hartley_ Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:05:56 - John Taylor's Contributions to Economics 00:34:10 - Better Measure of R-Star 00:48:11 - The Government's Debt Management Policy 01:03:39 - Outro

government economics measure fed federal reserve treasury econ hoover contributions us treasury john taylor mercatus center macro musings jon hartley

XRP & DOGECOIN ETFS SMASH RECORDS & FIRST XRP BACKED STABLECOIN!

Play Episode Listen Later Sep 20, 2025 18:42 Transcription Available

Crypto News: XRP and DOGE ETFs Smash Records with $54.7M combined Day-One volume. The first XRP backed Stablecoin launched by Enosys, a friendly fork of Liquity V2 by Liquity Protocol, deployed on the Flare Networks.Show Sponsor - ✅ VeChain is a versatile enterprise-grade L1 smart contract platform https://www.vechain.org/

HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget

israel foundation defense iran israelis remain strikes iranians senior fellow sanctions sana headline watcher doha houthis democracies undeterred us treasury toomey bill roggio

Play Episode Listen Later Sep 16, 2025 7:02

HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1940

CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE 9-15-25 GOOD EVENING. THE SHOW BEGINS IN TROUBLED AMERICA... FIRST HOUR 9-915 HEADLINE: Global Allies Worry About US Division, Adversaries Exploit Weakness GUEST AND TITLE: Ambassador Husain H

Play Episode Listen Later Sep 16, 2025 9:12

CBS EYE ON THE WORLD WITH JOHN BATCHELOR SHOW SCHEDULE 1957 9-15-25 GOOD EVENING. THE SHOW BEGINS IN TROUBLED AMERICA... FIRST HOUR 9-915 HEADLINE: Global Allies Worry About US Division, Adversaries Exploit Weakness GUEST AND TITLE: Ambassador Husain Haqqani, Hudson Institute Director of Eurasia Project; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Ambassador Husain Haqqani states US allies are "very worried" by American internal division and extreme rhetoric, unlike past unity. Bill Roggio notes similar European issues, but the US now seems to lead in domestic disorder. Adversaries like China, Russia, and Islamist extremists exploit this polarization, using social media manipulation and citing Western decline. Both emphasize leaders must reduce aggressive rhetoric, promote bipartisan cooperation, and control social media to heal divisions, advocating for unity to counter external exploitation and domestic radicalization. 915-930 HEADLINE: Global Allies Worry About US Division, Adversaries Exploit Weakness GUEST AND TITLE: Ambassador Husain Haqqani, Hudson Institute Director of Eurasia Project; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies 930-945 HEADLINE: Political Crises Deepen in Brazil and Venezuela Amidst US Pressure GUEST AND TITLE: Alejandro Peña Esclusa, Venezuelan writer and thinker; Ernesto Araújo, former Foreign Minister of the Republic of Brazil SUMMARY: Ernesto Araújo discusses former Brazilian President Jair Bolsonaro's conviction for an alleged assassination plot, calling it a "show trial" despite a dissenting judge's opinion. He notes Bolsonaro's failed anti-system movement. Alejandro Peña Esclusa reports a US military buildup near Venezuela, fostering internal military discussions about turning in Maduro. Both believe their countries' fates are linked; Venezuela's liberation could expose a crime network, potentially delegitimizing Lula's regime and fostering broader Latin American freedom 945-1000 HEADLINE: Political Crises Deepen in Brazil and Venezuela Amidst US Pressure GUEST AND TITLE: Alejandro Peña Esclusa, Venezuelan writer and thinker; Ernesto Araújo, former Foreign Minister of the Republic of Brazil SUMMARY: Ernesto Araújo discusses former Brazilian President Jair Bolsonaro's conviction for an alleged assassination plot, calling it a "show trial" despite a dissenting judge's opinion. He notes Bolsonaro's failed anti-system movement. Alejandro Peña Esclusa reports a US military buildup near Venezuela, fostering internal military discussions about turning in Maduro. Both believe their countries' fates are linked; Venezuela's liberation could expose a crime network, potentially delegitimizing Lula's regime and fostering broader Latin American freedom SECOND HOUR 10-1015 HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1015-1030 HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1030-1045 HEADLINE: South Korea's President Accused of Aligning with CCP and North Korea GUEST AND TITLE: Morse Tan, former US Ambassador at Large for Global Criminal Justice; Gordon Chang, author and geopolitical analyst SUMMARY: Morse Tan and Gordon Chang discuss South Korean President Yoon Suk-yeol's policies, including a visa waiver for Chinese tourists, which Tan likens to CCP tactics. Tan claims Yoon aligns with the Chinese Communist Party and North Korea, dismantling counterintelligence and attending parades with Putin and Kim Jong-un. He reports Chinese nationals, pro-Yoon, illegally voted, and a third of South Korean police are reportedly CCP operatives. Yoon'sapproval is low, with most Koreans distrusting the CCP and prioritizing the US alliance. 1045-1100 HEADLINE: China's Advanced Weapon Systems and Global Asteroid Defense Ambitions GUEST AND TITLE: Rick Fisher, Senior Fellow, International Assessment and Strategy Center; Gordon Chang, author and geopolitical analyst SUMMARY: Rick Fisher discusses China's new DF-26D ballistic missile, capable of intercepting aircraft carriers up to 4,000 km, and other advanced unmanned weapon systems surpassing US capabilities. Gordon Chang questions US defense against these hypersonic threats. Fisher notes Russia's Energia space program faces financial distress due to the Ukraine war. China proposes an international asteroid defense, inviting global participation. Fisher warns this PLA-controlled initiative could be a front to develop anti-satellite capabilities and challenge the US in future conflicts. THIRD HOUR 1100-1115 HEADLINE: Ukraine Advances in Sumy, NATO Urged to Boost Russia Sanctions GUEST AND TITLE: John Hardie, Foundation for Defense of Democracies; Bill Roggio, Senior Fellow for the Foundation for Defense of DemocraciesSUMMARY: John Hardie discusses Ukrainian advances in the Sumy border area, noting Russia has redeployed better units to other regions like Donetsk, focusing on areas near Pokrovsk. He suggests Ukraine's counterattacks are part of an active defense, and their focus on Pokrovsk is strategically sound despite manpower shortages. Hardie highlights recent massive Russian drone barrages, including one into Poland, as a "wake-up call" for NATO to improve cost-effective air defenses. He advocates for stronger US secondary sanctions on Russian oil revenue and untying Ukraine's hands for long-range strikes. 1115-1130 HEADLINE: Ukraine Advances in Sumy, NATO Urged to Boost Russia Sanctions GUEST AND TITLE: John Hardie, Foundation for Defense of Democracies; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies130-1145 HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet.1145-1200 HEADLINE: MIT Professor Explains the Discovery of Ionic Liquid, Expanding Search for Extraterrestrial Life GUEST AND TITLE: Professor Sara Seager, Massachusetts Institute of Technology; David Livingston, Dr. Space of the Space Show SUMMARY: Professor Sara Seager discusses the accidental lab discovery of ionic liquids, a non-evaporating liquid salt potentially sustaining life on planets without water, expanding the traditional "habitable zone" concept. She envisions future missions like a Solar Gravitational Lens Telescope. For her lifetime, Professor Seager prioritizes privately funded "Morning Star missions" to Venus, beginning with Rocket Lab in 2026, to directly study its cloud particles for signs of life in this overlooked sister planet FOURTH HOUR 12-1215 HEADLINE: US Diplomat Addresses Failed Doha Strike Amidst Iranian Defiance GUEST AND TITLE: Mary Kissel, Executive Vice President, Stephens Incorporated, former Senior Advisor for the Secretary of State SUMMARY: Mary Kissel discusses Secretary of State Marco Rubio's diplomatic shuttle after an unsuccessful Israeli airstrike in Doha targeting Hamas leadership. Despite the failure, she believes Israel's defense capabilities and past decapitation efforts were incredible, fostering public resolve against terrorism. Kissel notes Qatar's role as a money-laundering center and host of terror groups, despite its strategic importance to the US. She emphasizes that Iran, the world's largest state sponsor of terrorism, remains defiant regarding its nuclear and missile programs, posing an ongoing challenge for Israel and the US.1215-1230 Guest Names: Ahmad Sharawi and Bill Roggio Summary: Ahmad Sharawi and Bill Roggio discuss Al-Sharaa, the self-named president of Syria, who was appointed by militia leaders. His loyalist-drafted constitution grants him extensive powers, with key ministries held by former HTScommanders, and minority representatives serving as mere tokens. Formal Name: Ahmad Sharawi and Bill Roggio, Foundation for the Defense of Democracies 1230-1245 HEADLINE: Genocide Allegations Against Israel Debunked by Expert Analysis GUEST AND TITLE: Peter Berkowitz, Tad and Diane Taube Senior Fellow, Hoover Institution at Stanford University SUMMARY: Peter Berkowitz debunks genocide allegations against Israel, emphasizing the UN definition requires intent to destroy a group. He questions the credibility of the International Association of Genocide Scholars. Berkowitz highlights the absurdity, noting the Palestinian population tripled since the 1980s despite such claims. He attributes propaganda success to Hamas's use of human shields, shifting responsibility for civilian casualties. A comprehensive report systematically refutes claims of deliberate starvation, civilian targeting, and infrastructure bombing, demonstrating Israel's precautions.1245-100 AM HEADLINE: Genocide Allegations Against Israel Debunked by Expert Analysis GUEST AND TITLE: Peter Berkowitz, Tad and Diane Taube Senior Fellow, Hoover Institution at Stanford University SUMMARY: Peter Berkowitz debunks genocide allegations against Israel, emphasizing the UN definition require

american israel china technology space russia european chinese ukraine foundation global russian western brazil defense iran worry discovery vladimir putin large ambassadors venezuela poland korean secretary israelis syria republic ukrainian qatar nato weakness north korea hamas palestinians iranians aligning allies latin american troubled jair bolsonaro senior fellow accused south koreans tan senior advisor international association venezuelan sana energia headline maduro doha morningstar massachusetts institute ccp america first houthis chinese communist party exploit kim jong islamist tad pla hoover institution yoon democracies donetsk us ambassador us treasury adversaries foreign minister berkowitz good evening first hour toomey rocket lab hardie gordon chang kissel ernesto ara david livingston show schedule bill roggio south korean president yoon suk international assessment us division global criminal justice strategy center john batchelor show cbs eye

HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget

israel foundation defense iran israelis remain strikes iranians senior fellow sanctions sana headline watcher doha houthis democracies undeterred us treasury toomey bill roggio

Play Episode Listen Later Sep 16, 2025 10:48

HEADLINE: Houthis Remain Undeterred Despite Israeli Strikes and US Sanctions GUEST AND TITLE: Bridget Toomey, Foundation for Defense of Democracies Houthi Watcher; Bill Roggio, Senior Fellow for the Foundation for Defense of Democracies SUMMARY: Bridget Toomey reports Houthis continue daily drone and missile launches towards Israel, with Israeli Iron Dome defenses proving effective. Israel responded with strikes on Houthi military and media infrastructure in Sana'a, causing civilian casualties. US Treasury sanctioned 32 Houthi-affiliated individuals/entities for supporting Iranian-backed smuggling networks. Toomey confirms Iran absolutely provides weapons, mostly via ship routes, despite interdiction efforts. She notes Houthis are undeterred, fueled by past attacks, and will likely continue unless Iran is held accountable. Bill Roggio critiques a recent, unsuccessful Israeli strike in Doha. 1943

Samim Ghamami on the Treasury Markets Impact on the Future Path of Interest Rates and Inflation

Macro Musings with David Beckworth

Play Episode Listen Later Sep 15, 2025 48:46

Samim Ghamami is former SEC economist. Samim returns to the show to discuss the fiscal trajectory of the US, the outlook of interest rates, the US Treasury market's impact on inflation, potential reforms to the Treasury market and much more. Check out the transcript for this week's episode, now with links. Recorded on August 5th, 2025 Subscribe to David's Substack: Macroeconomic Policy Nexus Follow David Beckworth on X: @DavidBeckworth Follow Samim on X: @GhamamiSamim Follow the show on X: @Macro_Musings Check out our Macro Musings merch! Subscribe to David's new BTS YouTube Channel Timestamps 00:00:00 - Intro 00:01:42 - Fiscal Trajectory of the US 00:3:55 - Interest Rates 00:21:28 - Inflation 00:39:53 - Treasury Market Reform 00:48:05 - Outro

donald trump inflation sec markets treasury interest rates econ macro us treasury samim macro musings

[DS]/D's Unleashed Their Worst Nightmare,Good Will Always Defeat Evil,It Has Begun,Soros – Ep. 3730