Ridealong has curated the best and most interesting podcasts and clips about Federal Reserve.
Top Podcast Clips About Federal Reserve
Ridealong summary
The Federal Reserve's claim that promoting economic growth isn't their job is fundamentally flawed. By reducing the number of banks, they hinder economic expansion and exacerbate debt issues, leading to an unstable financial path. A more robust banking system could double economic growth, but the Fed's current policies are steering us away from that potential.
“… in there and then increase interest rates, right? I mean, so isn't like the bigger concern that – He doesn't set interest rates. That's true. The Federal Open Market Committee sets interest rates, which consists of all seven members of the Federal Reserve Board and five presidents of regional Federal Reserve Banks on a rotating basis. Most of those people are not people who are directly in the pocket of Donald Trump. People do this headcount with the Fed board where they talk about how many of the members Trump appointed, which I think is the wrong way to think about it. I mean, first of all, …”“… of unemployment. Are we staring down the barrel of stagflation? Our last experience with stagflation was similarly to do with an oil supply shock. I don't think – well, we'll see if they get Warsh in there. It's kind of unimaginable that he would get in there and then increase interest rates, right? I mean, so isn't like the bigger concern that – He doesn't set interest rates. That's true. The Federal Open Market Committee sets interest rates, which consists of all seven members of the Federal Reserve Board and five presidents of regional Federal Reserve Banks on a rotating basis. Most of those people are not people who are directly in the pocket of Donald Trump. People do this headcount with the Fed board where they talk about how many of the members Trump appointed, which I think is the wrong way to think about it. I mean, first of all, Powell is a Trump appointee. I don't think anybody thinks of Powell as someone who's in his pocket. Ray was a Trump appointee.”View more
Ridealong summary
The war-induced oil shock is pushing the U.S. toward potential stagflation, a troubling economic condition reminiscent of the 1970s. With rising oil prices and a weakening labor market, the Federal Reserve faces tough decisions on interest rates that could lead to increased unemployment. This complex scenario highlights the delicate balance between inflation and economic growth during times of crisis.
The Bulwark Podcast·Josh Barro and Paige Cognetti: The World Is Going to Blame Trump·Apr 01, 2026
Ridealong summary
The Federal Reserve's shift from reducing its balance sheet to increasing it indicates a looming debt crisis, driven by excessive T-bills and liquidity needs. Even before COVID-19, experts suggested that direct financial interventions, like 'helicopter money,' would be necessary in the next recession. This growing concern about bond markets, especially with trillions in negative yielding bonds, highlights a potential economic bubble that could burst sooner than expected.
What Bitcoin Did·The Debt Crisis Is Already Here | Lyn Alden·Apr 01, 2026
“… a master account, and I think those should be objective. Custodia Bank had a lawsuit, actually got some limited amount of standing to argue with the Federal Reserve. The Federal Reserve basically just has total discretion to say, you're in or you're out, no matter what criteria you meet. I think we need to get a clear criteria. And once companies can have a master account, I mean, you know, banks are getting basically a 4% rate from the Federal Reserve for having money on deposit there. And that's, you know, it takes a lot of active management to produce in the marketplace. They get it with essentially no …”“… where would your position be? I mean, personally, I think they should be able to pay interest. But then again, I think the Fed is trying to be helpful here by trying to create a skinny master account. So I think if you meet the base criteria for a master account, and I think those should be objective. Custodia Bank had a lawsuit, actually got some limited amount of standing to argue with the Federal Reserve. The Federal Reserve basically just has total discretion to say, you're in or you're out, no matter what criteria you meet. I think we need to get a clear criteria. And once companies can have a master account, I mean, you know, banks are getting basically a 4% rate from the Federal Reserve for having money on deposit there. And that's, you know, it takes a lot of active management to produce in the marketplace. They get it with essentially no one in underwriting. They just move money at the Fed and are getting a big rate. And so, and then they don't want to pass that through to consumers. Just to be competitive, the fintech wants to pass it through to consumers. And this is something that they kind of brokered the compromise on rewards. That's not a direct pay through, but even that …”View more
Ridealong summary
Banks are manipulating stablecoin yields by withholding interest rates, while fintech companies aim to pass those rates to consumers. This discrepancy arises from the Federal Reserve's control over master accounts, allowing banks to profit without competitive pressure. As legislation like the FISA reform seeks to address privacy concerns, the financial landscape remains fraught with challenges for stablecoin users.
The Paul Barron Crypto Show·CLARITY & Privacy Final Battle?🚨Rep. Warren Davidson INTERVIEW·Mar 30, 2026
“… and talk about the big thesis that you really touched on in the newsletter over the weekend, which is there's a lot of discussion about the Federal Reserve and whether or not they're going to hike. Probabilities across the board seem to be pointing at an increased chance of the Fed hiking at the end of this year, but you're drawing a line and saying, no, you don't think they can. why are you drawing this line? Yeah, I mean, to some extent, this week's newsletter is the result of me being tired of schizo posting about different things that could happen in the straightover news. And I feel like …”“… Beyond that, it was good. You had to stay off the timeline on the weekend, never doom, touch grass. Never doom. You go to Palm Sunday Mass. Exactly. Anchor yourself in what's going on, what's really important. Then we can come here Monday and reconvene and talk about the big thesis that you really touched on in the newsletter over the weekend, which is there's a lot of discussion about the Federal Reserve and whether or not they're going to hike. Probabilities across the board seem to be pointing at an increased chance of the Fed hiking at the end of this year, but you're drawing a line and saying, no, you don't think they can. why are you drawing this line? Yeah, I mean, to some extent, this week's newsletter is the result of me being tired of schizo posting about different things that could happen in the straightover news. And I feel like everyone's tired of reading about that. So I tried to take a bit of a different tack this time, but I actually think this was maybe one of the more interesting and underreported stories of last week as everyone stays focused on, you know, minute to minute updates out of Iran. Yeah. As you said, market increasingly looks to be pricing higher odds. And …”View more
Ridealong summary
Despite rising odds of a Federal Reserve rate hike, experts argue that the Fed is trapped and unable to act due to the fiscal state of the U.S. economy. With ongoing military spending and inflation pressures from global disruptions, the Fed faces a dilemma that could hinder their ability to raise rates effectively. This discussion sheds light on the underreported complexities influencing monetary policy amidst geopolitical tensions.
TFTC: A Bitcoin Podcast·Ten31 Timestamp: To Hike or Not to Hike·Mar 30, 2026
“… you know, I do think that, you know, there's always been this gap between regulators and the people they're regulating. But like, for example, the Federal Energy Regulatory Commission, FERC regulates utilities. Like, there's this sort of price of having people who understand the industry in the regulatory seat is kind of allowing that revolving door over time, right? Letting people come in and come out and get paid in the private sector. That's how you get them there in the first place. This one, they don't need that, right? These guys are so wealthy and there's not a lot of incentive to bring …”“… safety groups and having them included would be the normal thing to do. Like, that's not generally how this administration operates. So they don't have a lot of respect for precedents and how we've kind of consistently done things. Yes, I agree. But, you know, I do think that, you know, there's always been this gap between regulators and the people they're regulating. But like, for example, the Federal Energy Regulatory Commission, FERC regulates utilities. Like, there's this sort of price of having people who understand the industry in the regulatory seat is kind of allowing that revolving door over time, right? Letting people come in and come out and get paid in the private sector. That's how you get them there in the first place. This one, they don't need that, right? These guys are so wealthy and there's not a lot of incentive to bring them in to a true regulatory role. And so I really do worry that that knowledge gap is just going to be incredibly wide here for a technology that is very powerful and developing really quickly. I guess the thing that would make me maybe a little bit more comfortable is that this is an advisory council. They're not actually writing the laws, but …”View more
Ridealong summary
The debate on AI regulation intensifies as concerns grow about industry insiders shaping policy for profit rather than public safety. With figures like David Sachs advocating for minimal regulation while profiting from AI investments, the question arises: can we find unbiased experts to guide AI policy? This advisory council's influence could determine the future of AI governance, but is it truly effective?
Prof G Markets·Big Tech Is Now Advising the White House — What Could Go Wrong?·Mar 31, 2026
Ridealong summary
The market is facing a critical juncture as recession fears loom large. Federal Reserve Chair Jerome Powell highlights the tension between keeping interest rates low to support the labor market and the risk of rising inflation. With geopolitical tensions easing, there’s a glimmer of hope for recovery, but the question remains: is the market permanently damaged or can it pivot back to stability?
The Paul Barron Crypto Show·Market Caution!⚠️Crypto Selloff Update📉·Mar 30, 2026
“… policy i'll take the u.s as an example because that's the one I know the best we vote for a president who then appoints one to two people to the Federal Reserve Board of Governors and a treasurer and yeah the treasurer doesn't have that much say over monetary policy that the secretary of the Treasury yeah so The Federal Open Markets Commission, which is made up of the members of the Board of Governors and some of the presidents of the central banks, determine all monetary policy. Congress determined what levers they can use to influence monetary policy. it's the overnight interest rate and um sometimes …”“… that you can't leave the country and that you can't vote for laws and things like that and then i think maybe even more than that we're subject to monetary domination we can't do without money and the only way that we have really any say about monetary policy i'll take the u.s as an example because that's the one I know the best we vote for a president who then appoints one to two people to the Federal Reserve Board of Governors and a treasurer and yeah the treasurer doesn't have that much say over monetary policy that the secretary of the Treasury yeah so The Federal Open Markets Commission, which is made up of the members of the Board of Governors and some of the presidents of the central banks, determine all monetary policy. Congress determined what levers they can use to influence monetary policy. it's the overnight interest rate and um sometimes in in periods of exigency uh direct monetary stimulus we didn't have any say over that either so part of the problem is that we we might disagree with them and we have no way of like holding them accountable and to bitcoin i want to get into like we'll get into bitcoin in a minute um we do have no say over what the fed decides the interest rate is …”View more
Ridealong summary
Most people have no real say over monetary policy, leading to a form of domination that affects our lives daily. Philosopher Bradley Rettler explains that even in democracies, our influence over financial decisions is minimal, as key monetary policies are determined by a small group with little accountability. This raises critical questions about fairness and control in our economic systems.
What Bitcoin Did·Who Controls Your Mind and Your Money? | Bradley Rettler·Mar 31, 2026
“… It. I'm going to assume every account is yours, right? Yes. Do you even have an account anywhere of anything? I actually have two accounts at Federal Credit Unions. What? You don't even know this yet. You give him money. No, no, no, no. Wait wait what You don have credit That my checking Those are my checking accounts That my natures and my stellar Stellar What stellar That the bank up the street Well it not even a bank It a credit union Do you have a credit union? I have a checking account where I put money in. What money? You don't have money. The money you give me for an allowance. …”“… Is there anything? What was that? It was a beep boop. Did you not mute your phone like we told you to do? I'm sorry. I'll do that now. I'm so excited to call your boyfriend. You have no clue. Oh, gosh. You have no clue. All right, let's talk about Discover It. I'm going to assume every account is yours, right? Yes. Do you even have an account anywhere of anything? I actually have two accounts at Federal Credit Unions. What? You don't even know this yet. You give him money. No, no, no, no. Wait wait what You don have credit That my checking Those are my checking accounts That my natures and my stellar Stellar What stellar That the bank up the street Well it not even a bank It a credit union Do you have a credit union? I have a checking account where I put money in. What money? You don't have money. The money you give me for an allowance. Actually, there's nothing in the stellar at all. So why do you have it then? It's a checking account. So in case I get a check, I can check it. I can cash it. Isn't that supposed to be what the Natchez does? Well, yeah, but they don't have Natchez in Houston, so when I worked in Houston, I got the Stellar. Okay. Continue. Go ahead. We'll look at those if …”View more
Ridealong summary
You're racking up credit card debt while buying your boyfriend an $800 Lego set and paying for his parking tickets. With a balance of $2,594.44 accruing interest, this financial mismanagement could take you a decade to pay off. It's time to reassess who you're really supporting with your money.
Financial Audit·I Exposed Her Cheating On Financial Audit·Mar 30, 2026
“Absolutely zero evidence to support a criminal prosecution even being opened against Federal Reserve Chair Jay Powell. That's something that was confessed and admitted by the U.S. Attorney's Office in the District of Columbia, by Jeanine Pirro's right-hand person and the head of their criminal division in a hearing that we didn't know about until just the last 24 hours before Chief Judge Jeb Bozberg. Now we know why the subpoenas were quashed by Jeb Boesberg against the Federal Reserve chair Jay Powell. This all has to do with a $2.5 billion …”“Absolutely zero evidence to support a criminal prosecution even being opened against Federal Reserve Chair Jay Powell. That's something that was confessed and admitted by the U.S. Attorney's Office in the District of Columbia, by Jeanine Pirro's right-hand person and the head of their criminal division in a hearing that we didn't know about until just the last 24 hours before Chief Judge Jeb Bozberg. Now we know why the subpoenas were quashed by Jeb Boesberg against the Federal Reserve chair Jay Powell. This all has to do with a $2.5 billion project related to the Federal Reserve and remodeling two 100-year-old buildings. But Donald Trump wants to harass and intimidate Jay Powell to get him to resign or to step down as the chairman of the Federal Reserve and to cut interest rates. That's what this is all about, not about a criminal case. I mean, it is very unusual, almost unprecedented …”View more
Ridealong summary
A federal judge revealed that the DOJ has no evidence against Federal Reserve Chair Jay Powell, quashing a criminal investigation linked to a $2.5 billion remodeling project. This decision highlights attempts by Donald Trump to intimidate Powell for political gain, showing the investigation was initiated in bad faith without legitimate grounds. The implications of this ruling could hinder Trump's ability to influence the Federal Reserve's leadership.
Legal AF by MeidasTouch·Judge Catches Trump in the Act with Zero Evidence·Mar 25, 2026
“… Let me give you the details. So U.S. cryptocurrency exchange Kraken's banking unit has been granted a limited purpose master account by the U.S. Federal Reserve Bank of Kansas City, giving it direct access to the Fed's core payment system in the first for the crypto industry. industry, Kraken Financial, the exchange's banking unit, has gained access to the Fed's payment system, Fedwire, allowing it to move money on the same rails used by banks and credit unions. According to the announcement on Wednesday, the Federal Reserve Bank of Kansas City approved a limited-purpose account for Wyoming-based …”“… this is incredible. And it's funny, it comes a couple of days after Jamie Dimon said, you know, these crypto companies want to offer stablecoin yield. They should become banks. Here you go. Right. Here you go, Jamie. It started. So this is incredible. Let me give you the details. So U.S. cryptocurrency exchange Kraken's banking unit has been granted a limited purpose master account by the U.S. Federal Reserve Bank of Kansas City, giving it direct access to the Fed's core payment system in the first for the crypto industry. industry, Kraken Financial, the exchange's banking unit, has gained access to the Fed's payment system, Fedwire, allowing it to move money on the same rails used by banks and credit unions. According to the announcement on Wednesday, the Federal Reserve Bank of Kansas City approved a limited-purpose account for Wyoming-based Payword Financial as a Tier 3 entity. With a Federal Reserve Master Account, we can operate not as a peripheral participant in the U.S. banking system, but as a directly connected financial institution, Kraken co-CEO Arjun Sethi said. The approval gives the exchange the ability to settle directly on Fedwire, reduce dependency on correspondent banks, and …”View more
Ridealong summary
Kraken Crypto Exchange has made history by becoming the first crypto company to receive a limited master account from the U.S. Federal Reserve, granting it direct access to the Fed's payment system. This pivotal approval allows Kraken to operate like a traditional bank, potentially opening the floodgates for other crypto firms and signaling a new era for the integration of cryptocurrency into the mainstream financial system.
Thinking Crypto News & Interviews·FED GIVES KRAKEN CRYPTO EXCHANGE MASTER ACCOUNT & MORGAN STANLEY BITCOIN ETF!·Mar 05, 2026
“… of states who have been regulating sports betting and the rights of states who oppose sports betting is not the purview of another alphabet soup federal agency. Yes, I'm signing up for the rights of all 50 states. Proud of it. So Chris Chrissy joining the fight against the feds in favor of the states. Elizabeth Warren tweeting out Trump's CFTC is trying to strip states authority to regulate gambling within their borders and protect Americans from getting ripped off of a classic Liz Warren line. The CFTC should focus on ensuring our derivative markets don't blow up the economy again, not helping …”“… out of the CFTC commissioner, the new CFTC chair. Got us just a wave of very passionate response. From Chris Chrissy. Haven't heard of Chris Chrissy talking about anything for a while, but he came out of the woodwork saying, violating the rights of states who have been regulating sports betting and the rights of states who oppose sports betting is not the purview of another alphabet soup federal agency. Yes, I'm signing up for the rights of all 50 states. Proud of it. So Chris Chrissy joining the fight against the feds in favor of the states. Elizabeth Warren tweeting out Trump's CFTC is trying to strip states authority to regulate gambling within their borders and protect Americans from getting ripped off of a classic Liz Warren line. The CFTC should focus on ensuring our derivative markets don't blow up the economy again, not helping corrupt political insiders cash in. Just really throw in shade left and right. Utah Governor Spencer J. Cox just saying that he's not, that Mike Selleck's not being honest saying, I appreciate you attempting to say this with a straight face, but I don't remember the CFTC having authority over the derivative market of LeBron James rebounds. …”View more
Ridealong summary
The CFTC's new chair, Mike Selig, is fiercely defending federal jurisdiction over prediction markets against state regulations, asserting their societal value. This has ignited a heated debate, with politicians like Chris Christie and Elizabeth Warren arguing that these markets are merely gambling platforms, while supporters highlight their potential for accurate predictions and market integrity. The clash reveals deeper tensions around regulation, market value, and political interests.
Bankless·ROLLUP: Prediction Market War | Base Leaves Optimism | Tomasz Exits EF | Clarity Act Lives | Harvard Buys ETH·Feb 20, 2026
“… was necessary for many years by the fact that I've built many ballrooms and I've built many things and I know how to build. I'm not building the Federal Reserve where the guy's spending $4 billion for a tiny little building, $4 billion for the Federal Reserve building. That contractor is going to be one of the richest men anywhere in the world after he finishes the Federal Reserve. The man is totally incompetent. Jerome, too late, Powell, is totally incompetent. And he's got to get out of office pretty fast. He's doing a bad job, but he's also done a bad up and shepherding the construction in that …”“… judge said we need congressional approval. many things have been built in the White House. They haven't gotten congressional approval, especially when the money is being not put up by the taxpayer. The taxpayer is not putting up a dime. This building was necessary for many years by the fact that I've built many ballrooms and I've built many things and I know how to build. I'm not building the Federal Reserve where the guy's spending $4 billion for a tiny little building, $4 billion for the Federal Reserve building. That contractor is going to be one of the richest men anywhere in the world after he finishes the Federal Reserve. The man is totally incompetent. Jerome, too late, Powell, is totally incompetent. And he's got to get out of office pretty fast. He's doing a bad job, but he's also done a bad up and shepherding the construction in that building. Do you know they ripped down a part of that building, and it was a nice, they say it's one of the nicest buildings in Washington. They ripped it down. So we feel, and we don't feel, we know, that congressional approval is not necessary to put up a ballroom. And many things have been built on the site. They've never gotten congressional …”View more
Ridealong summary
The White House is undergoing significant upgrades, including a drone-proof roof and secure facilities, funded entirely by private donors. However, a judge's ruling states that congressional approval is needed for such projects, raising questions about the legality of the funding and construction process. This debate highlights the complexities of federal building regulations and the intersection of private funding with public oversight.
Bannon`s War Room·Episode 5262: Liberal Judges Deliver Judicial Blows To The Admin; Trump Signs EO On Election Integrity·Mar 31, 2026
“… Donald Trump. So everything he said he was going to do to help the economy, a completely jobless Trump economy, and I mean jobless. You heard the Federal Reserve Chair Jay Powell say a couple of Wednesdays ago at his office meeting that in the last six months, the Trump administration's economy hasn't made one job in six months. Say what you want about Joe Biden, but he was a job creating engine, 400,000 jobs every month. And this is all going to catch up to the Trump administration when the March numbers come out for lack of job creation, inflation and interest rates, because that's what the market is …”“He hasn't made one manufacturing job new. In fact, he's only lost jobs while he's been president of the United States. He said he'd be great for agriculture and for farmers. More than 10,000 farms have shuttered under Donald Trump. So everything he said he was going to do to help the economy, a completely jobless Trump economy, and I mean jobless. You heard the Federal Reserve Chair Jay Powell say a couple of Wednesdays ago at his office meeting that in the last six months, the Trump administration's economy hasn't made one job in six months. Say what you want about Joe Biden, but he was a job creating engine, 400,000 jobs every month. And this is all going to catch up to the Trump administration when the March numbers come out for lack of job creation, inflation and interest rates, because that's what the market is looking at. And do you remember, Ben, when Howard Lutnick, the Commerce Secretary, and Donald Trump said, just wait till the first quarter of 2026 or no later than the second quarter of 2026. That's when the Trump economy comes roaring into existence. And what are we watching? The exact retrograde of our economy as Americans suffer and now take to …”View more
Ridealong summary
Donald Trump's presidency has resulted in a staggering loss of jobs, with over 10,000 farms closing and no new manufacturing roles created. As the Federal Reserve highlights this jobless reality, the false promises of a booming economy continue to unravel, revealing a pattern of legal battles that expose Trump's weaknesses. The takeaway? Standing up to him legally can lead to victory, as seen in cases like E. Jean Carroll's triumph over Trump.
Legal AF by MeidasTouch·Legal AF - 3/28/26·Mar 29, 2026
“… around the world decided to sell their bonds at the same moment. And so they start trading at 20 cents on the dollar, maybe even below. The U.S. Federal Reserve, in 30 seconds can expand the money supply and they just retire all of it at 20% of the cost. I mean, honestly, from an economic point of view, that would be lovely. I would love it if everybody did that at the same time. That would be fantastic. So not worried about that. Nukes, two weeks ago, wasn't really worried. Now I see that as a very realistic scenario because if you're Ron and you're a dead supreme leader and you're being demanded to …”“… europe selling our debt and spiking inflation or a nuclear detonation. I imagine you're asked to assess risk for some of your corporate clients. What are the risks that we're not seeing right now? I'm not worried about a debt drop. Let's say everyone around the world decided to sell their bonds at the same moment. And so they start trading at 20 cents on the dollar, maybe even below. The U.S. Federal Reserve, in 30 seconds can expand the money supply and they just retire all of it at 20% of the cost. I mean, honestly, from an economic point of view, that would be lovely. I would love it if everybody did that at the same time. That would be fantastic. So not worried about that. Nukes, two weeks ago, wasn't really worried. Now I see that as a very realistic scenario because if you're Ron and you're a dead supreme leader and you're being demanded to surrender unconditionally, why would you not build and use a nuke um delivery to the united states would be the complication uh it suggests it would need to come in on a cargo facility into a port where the screening is on land and not at sea and that would argue most strongly for houston or new york city those are the logical places to do it and …”View more
Ridealong summary
The risk of nuclear conflict has escalated dramatically, shifting from a distant concern to a pressing reality. With leaders like Iran's supreme leader facing dire ultimatums, the potential for nuclear delivery methods into major U.S. cities has become alarmingly plausible. As geopolitical tensions rise, the need for a stabilizing nation or leader is more critical than ever, yet none seem to command the necessary respect.
The Prof G Pod with Scott Galloway·Peter Zeihan on How the War With Iran Could Reshape the Global Economy·Mar 12, 2026
“… to clear and settle payments without any other intermediary banks. What it does not get you, this is the skinny part, is you don't get interest on reserves. You don't get access to the Fed's discount window, so no emergency lending. You don't get daylight overdraft privileges. So if your balance hits zero, payments just get rejected. So you don't have, I guess, like a buffer or whatever. And then there's also some potential balance caps. So the way I describe this is they get the payments They don get any of the banking So there extra banking service products that Kraken will not be getting I …”“… Kraken Financial is the first and only entity who has a skinny master account. What is a skinny master account? What does it get you? What does it not get you? It does get you direct access to Fedwire, the real-time settlement system, and the ability to clear and settle payments without any other intermediary banks. What it does not get you, this is the skinny part, is you don't get interest on reserves. You don't get access to the Fed's discount window, so no emergency lending. You don't get daylight overdraft privileges. So if your balance hits zero, payments just get rejected. So you don't have, I guess, like a buffer or whatever. And then there's also some potential balance caps. So the way I describe this is they get the payments They don get any of the banking So there extra banking service products that Kraken will not be getting I don't think they really care. They mostly just focus on the payments side of things. So they get access to Fedwire and they can make payments using Fedwire. The payments is a big deal. A Skinny Master account is a big deal because the way the banking system works and access to Fedwire works is there's about 4,500 different banks and credit unions that …”View more
Ridealong summary
Kraken has achieved a historic milestone by obtaining a Skinny Master account from the Federal Reserve, allowing it to operate as a bank without relying on traditional banking intermediaries. This development not only streamlines cryptocurrency transactions but also poses a significant challenge to the existing banking system, raising concerns among banks about potential destabilization. As Kraken becomes a direct player in the banking landscape, the future of monetary policy may be at stake.
Bankless·ROLLUP: Wartime Markets | Kraken Gets Fedwire | Trump vs Banks | AI vs Pentagon | NYT Says Crypto Is Dead·Mar 06, 2026
“So you watch it. Speaking of converging, here's a good example right here. This is the Federal Reserve, guys. That's the Federal Reserve saying that calci and the rise of macro markets are now here. Predictive markets offer a new, let me zoom in on that for you guys, a new market-based approach to measuring macro expectations in real time. They're evaluating now prediction market implied forecast from calci and basically applying this to what they're doing right now because it is overseen by who? The CFTC. You get this, hopefully, in the way …”“So you watch it. Speaking of converging, here's a good example right here. This is the Federal Reserve, guys. That's the Federal Reserve saying that calci and the rise of macro markets are now here. Predictive markets offer a new, let me zoom in on that for you guys, a new market-based approach to measuring macro expectations in real time. They're evaluating now prediction market implied forecast from calci and basically applying this to what they're doing right now because it is overseen by who? The CFTC. You get this, hopefully, in the way that I'm explaining it in the sense that this is going to be much bigger as we start to see many of these major organizations implement what's going to come out of Clarity. So this could get kind of crazy. Just the movement that we saw right there with the Federal Reserve and calci activated some of the market shills that are out there. And one of …”View more
Ridealong summary
The CFTC is aggressively challenging states that attempt to regulate prediction markets, which could reshape the gambling landscape. Former New Jersey Governor Chris Christie argues that states should have the right to control these markets, but the CFTC is poised to enforce its authority. This clash could lead to significant changes in how prediction markets operate in the U.S.
The Paul Barron Crypto Show·CLARITY Weekend Showdown vs Banks!!!🔥·Feb 20, 2026
“… again, based on institutions that were set up during this, like the earlier part of this kind of structural cycle that we're in, the dollar as a reserve currency and all the mechanisms that support that, we've got more like top-down industrial policy around rare earths or around semiconductors, around AI to some degree, around trade basically saying that, we're gonna do this supposedly for the country rather than free trade, for example. And that these things tend to come together. Like they don't tend to happen in isolation. A sovereign that's in a major imbalance rarely just says, well, we're …”“… who to bail out during the whole lockdown crisis was another set of kind of decentralized control. And then in more recent times, as we see just kind of say, trade issues coming ahead, and these big imbalances that have been building for a long time, again, based on institutions that were set up during this, like the earlier part of this kind of structural cycle that we're in, the dollar as a reserve currency and all the mechanisms that support that, we've got more like top-down industrial policy around rare earths or around semiconductors, around AI to some degree, around trade basically saying that, we're gonna do this supposedly for the country rather than free trade, for example. And that these things tend to come together. Like they don't tend to happen in isolation. A sovereign that's in a major imbalance rarely just says, well, we're gonna let the market do what we're gonna do. They start using the tools that they have available to try to contain or redirect that issue. With the difference, of course, being that compared to the last time that developed countries went through this, which was the 40s, the 1940s, you had obviously major war at that time. We also had very …”View more
Ridealong summary
In a shocking announcement, Jerome Powell revealed he was under criminal indictment by the Trump administration, citing his refusal to lower interest rates as the real reason for the attack on Fed independence. This moment marks the most significant confrontation between the Federal Reserve and the executive branch since the 1950s, raising questions about the Fed's autonomy in today's political climate. As we draw parallels to the centralization of power during the 1940s, the implications for economic policy are profound.
Bankless·Lyn Alden: How to Survive The Gradual Print Era — Fed Chair Warsh, Gold & Bitcoin·Feb 16, 2026
“… have a situation where laws are being violated, norms are being violated. You have a situation where he's intimidating the court, intimidating the Federal Reserve, and yet he doesn't lose much support from his base. And I think he's decided he's governing for his base. So what it leaves me thinking is, is about half the country really okay with illiberal democracy, with the idea that it's okay to abuse individual rights, minority rights, separation of powers, all that? And what does that mean for the future of democracy if half the country doesn't really believe in liberal democracy? No, they believe in …”“… are Americans, or at least 40 to 50% of Americans, okay with this? You have a situation where it's absolutely clear that one party, that the president right now is accumulating powers on a scale that no president has done in decades, maybe ever. You have a situation where laws are being violated, norms are being violated. You have a situation where he's intimidating the court, intimidating the Federal Reserve, and yet he doesn't lose much support from his base. And I think he's decided he's governing for his base. So what it leaves me thinking is, is about half the country really okay with illiberal democracy, with the idea that it's okay to abuse individual rights, minority rights, separation of powers, all that? And what does that mean for the future of democracy if half the country doesn't really believe in liberal democracy? No, they believe in it's okay if it's our guy. Look, this is all very Lord of the Rings. But it is, everybody believes in liberal democracy until they get to hold the ring. And then suddenly it's a very different scenario. And to be fair, and to be fair, the left has also done this sometimes. Of course, but not nearly to the extent, and never to this. Yeah, there's no …”View more
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U.S. intervention in Venezuela could lead to the most expensive arrest in history, as regime change may leave the oppressive system intact. This situation reflects broader issues in American politics, where a significant portion of the population supports illiberal democracy for their own party's gain. The implications for democracy are profound if half the country prioritizes loyalty over constitutional checks and balances.
The Weekly Show with Jon Stewart·Trump’s New World Disorder with Adam Tooze and Ivan Krastev·Jan 21, 2026
“… effects could be bigger. They could be smaller. They could be much smaller or much bigger. We just don't know. And the traditional playbook for the Federal Reserve when you see a supply chalk like this is to just stand pat because the hit to growth and the boost of inflation boost to inflation basically cancel each other out.”“… for the economy, do not worry. Even the top economic policymaker in the world has no clue. Jerome Powell went up to the microphone yesterday for his press conference and said, the thing I really want to emphasize is that nobody knows. The economic effects could be bigger. They could be smaller. They could be much smaller or much bigger. We just don't know. And the traditional playbook for the Federal Reserve when you see a supply chalk like this is to just stand pat because the hit to growth and the boost of inflation boost to inflation basically cancel each other out.”View more
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In a revealing press conference, Jerome Powell admitted that even he doesn't know how the ongoing war and rising oil prices will affect the U.S. economy. As the Fed holds interest rates steady, Powell emphasized that traditional responses to oil shocks may not apply, leaving the economic outlook murky. This uncertainty is compounded by the Fed's lack of data following recent geopolitical events, making it a precarious time for policymakers and the economy alike.
Morning Brew Daily·WNBA Quintuples Players’ Salaries & Energy Prices Spike as Fed Holds Rates Steady·Mar 19, 2026
Ridealong summary
The Federal Reserve faces a dilemma: raise interest rates to combat inflation or risk recession by cutting rates. With rising oil prices and consumer fears, the Fed's decisions could spark panic or calm the markets. As they prepare for their late April meeting, the outcome remains uncertain, leaving everyone on edge.
“… $3.50 today. So the March report is going to be key. The numbers there could get pretty ugly. This inflation report is unlikely to influence the Federal Reserve's decision on interest rates. The Fed is meeting next week and the market is pricing in a 99% chance that interest rates stay as is. And with the potential resurgence of inflation, the Fed might have to wait even longer to cut interest rates. We'll see what Fed Chair Jerome Powell has to say about it next week. Let's shift gears and talk about Oracle. They reported earnings last night and the numbers came in strong. Total revenues grew 22% to …”“… now. Economists often estimate that every $10 increase in oil prices can add about 0.2 percentage points to inflation. In fact, we're already seeing a real impact at the prompt. The average gas price went from $2.90 a gallon before the war to around $3.50 today. So the March report is going to be key. The numbers there could get pretty ugly. This inflation report is unlikely to influence the Federal Reserve's decision on interest rates. The Fed is meeting next week and the market is pricing in a 99% chance that interest rates stay as is. And with the potential resurgence of inflation, the Fed might have to wait even longer to cut interest rates. We'll see what Fed Chair Jerome Powell has to say about it next week. Let's shift gears and talk about Oracle. They reported earnings last night and the numbers came in strong. Total revenues grew 22% to $17.2 billion, beating Wall Street estimates. But the real headline is the cloud infrastructure business, which is basically Oracle's data center and AI computing segment. Revenues there surged 84 to billion accelerating from the 68 growth last quarter and beating Wall Street expectations And it Oracle outlook that got investors really excited …”View more
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Oracle's earnings report revealed a surprising 22% revenue growth, driven by an 84% surge in cloud infrastructure, beating Wall Street expectations. Meanwhile, inflation concerns loom as the recent CPI report may not reflect the economic impact of rising oil prices due to the war in Iran. This juxtaposition highlights the complexities investors face in today's volatile market.
The Rundown·Oracle Soars on AI Earnings Beat, Nvidia Invests $2B Into Nebius·Mar 11, 2026
“… questioning it. And I think that's where mostly the popular, I would argue, probably 90 to 95 percent of people are right now. Yeah. Right. And the Federal Reserve was created in the middle of the night on Christmas Eve, right, by a small group of people. And a lot of people don't know that story, that it's a private corporation. You know, I've actually red pilled more people through orange pills than trying to talk them about politics because nobody likes to be stolen from. And this isn't a red or blue thing like nobody likes to be stolen from. I will gladly join forces with Democrats, right, to stop …”“… I, not that I covet, but that I heavily depend on. I've been working a job since I was 12 years old. I've had a bank account since I was like 14. And it wasn't until I was like 20, 21 where I was like, oh, what is this? What is this money thing? And questioning it. And I think that's where mostly the popular, I would argue, probably 90 to 95 percent of people are right now. Yeah. Right. And the Federal Reserve was created in the middle of the night on Christmas Eve, right, by a small group of people. And a lot of people don't know that story, that it's a private corporation. You know, I've actually red pilled more people through orange pills than trying to talk them about politics because nobody likes to be stolen from. And this isn't a red or blue thing like nobody likes to be stolen from. I will gladly join forces with Democrats, right, to stop paying their taxes. And they should if they if they hate the president so much, like why are they still paying their taxes right to this stuff? Right. So this is actually a common goal that we can fight together, that we don't have to even talk politics, because all the political talking heads out there, like the Nick Fuentes and the Alex Jones and …”View more
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Discovering Bitcoin radically shifted my understanding of money, revealing how little I knew despite working and banking since my early teens. This awakening is shared by many, as they grapple with the realities of a financial system that operates largely in secrecy, like the Federal Reserve's origins. The conversation transcends politics, uniting people against a common issue: the manipulation of their hard-earned money.
TFTC: A Bitcoin Podcast·#724: Bitcoin Is The Peaceful Revolution with GMONEY·Mar 09, 2026
“… is just as important. The fact that prediction markets are self-correcting in real time. So as new information comes out about a jobs report, a Federal Reserve speech, an earnings surprise, something with validity to it, the odds shift within minutes. You don't have to wait for the next poll to be conducted in two weeks from now. The market is repricing itself constantly, incorporating every piece of new data as it comes in in real time. It's like having a living, breathing probability engine. So if you're someone listening to this and you're still relying on cable news and X threads to form your …”“the market is almost always closer to the truth. That's all correct, Robert. And there's another layer to this, which I think is just as important. The fact that prediction markets are self-correcting in real time. So as new information comes out about a jobs report, a Federal Reserve speech, an earnings surprise, something with validity to it, the odds shift within minutes. You don't have to wait for the next poll to be conducted in two weeks from now. The market is repricing itself constantly, incorporating every piece of new data as it comes in in real time. It's like having a living, breathing probability engine. So if you're someone listening to this and you're still relying on cable news and X threads to form your investment thesis, I'm not saying stop reading the news and stop following along on all these platforms. But what I am saying is check the prediction markets first, because like I alluded to, they're reactive, they're fast, and they change within minutes, and you can see what the actual money is really saying. Then read the headlines and decide if the …”View more
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Prediction markets offer real-time insights that can significantly enhance your investment decisions. Instead of relying solely on news headlines, savvy investors use these markets to assess probabilities, such as the likelihood of a recession, allowing for more informed choices. By analyzing the current probabilities, you can avoid making hasty decisions based on fear and instead align your investments with the actual market sentiment.
“… up, could easily breach $100 a barrel. At which point, what does that do to inflation at home? What does that do to the interest rate policy of the Federal Reserve? That's its own thing. What this could do to the affordability crisis and to gas prices in America and also in Europe could also massively destabilize Europe. And we're already seeing this in liquid natural gas prices, which are skyrocketing in Europe. Not the case for America. We're insulated from the issue a little bit more because we have our own supplies. So that's good. But then even things like cyber attacks. I mean, we've already seen a …”“… would be that this isn't contained, that Israel hits Iran's oil facilities, Iran starts hitting other nations' oil facilities to just cause some chaos because they're frustrated, they're on the back foot. Oil starts, the price of oil starts to go up, could easily breach $100 a barrel. At which point, what does that do to inflation at home? What does that do to the interest rate policy of the Federal Reserve? That's its own thing. What this could do to the affordability crisis and to gas prices in America and also in Europe could also massively destabilize Europe. And we're already seeing this in liquid natural gas prices, which are skyrocketing in Europe. Not the case for America. We're insulated from the issue a little bit more because we have our own supplies. So that's good. But then even things like cyber attacks. I mean, we've already seen a huge increase in cyber attacks on Israel literally days after they struck Iran. What if that happens to America too? What if there is a refugee crisis I mean this is a country with a population of 90 million people What happens if they all decide okay we out of here this is a hot zone which it is and they decided to start fleeing to Europe? What …”View more
Ridealong summary
The escalating conflict with Iran lacks a clear strategy, risking a prolonged war with severe economic repercussions, including skyrocketing oil prices and potential destabilization in Europe.
Prof G Markets·The Iran War Risk Markets Are Ignoring·Mar 09, 2026
“… these numbers sound pretty small, but you gotta remember, central banks around the world have been fighting inflation for years now. In fact, the US Federal Reserve was just starting to get close to its 2% target, and this oil shock could throw all that progress out the window and force the Fed to wait on cutting interest rates On top of that rising energy prices also impact business confidence J Morgan chief global strategist David Kelly warned that when companies don know what energy is going to cost next quarter they pull back on hiring and investing and expansion. Energy is an input cost for basically …”“… headline inflation. Goldman Sachs is estimating more of a modest impact. They think this could be a 0.1% drag on global GDP growth and a 0.2 percentage points boost to headline inflation under their baseline scenario. Now, you might be thinking that these numbers sound pretty small, but you gotta remember, central banks around the world have been fighting inflation for years now. In fact, the US Federal Reserve was just starting to get close to its 2% target, and this oil shock could throw all that progress out the window and force the Fed to wait on cutting interest rates On top of that rising energy prices also impact business confidence J Morgan chief global strategist David Kelly warned that when companies don know what energy is going to cost next quarter they pull back on hiring and investing and expansion. Energy is an input cost for basically everything. So when oil and gas prices go up, well, then shipping and transportation prices go up. And when shipping prices go up, well, goods get more expensive. And when things get more expensive, consumers tend to pull back on spending. And when consumers pull back on spending, well, then economic growth slows down. So the economic impact of a …”View more
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While the US is less directly impacted due to its oil production, the global pricing of oil means American consumers will still face rising gas prices and potential economic ripple effects.
The global economy is vulnerable to the Strait of Hormuz blockade, with Asia facing the most severe impact due to its heavy reliance on Middle Eastern oil and gas imports.
The global economic impact of US-Iran tensions is significant, with Asia facing the brunt due to its reliance on Middle Eastern oil, while the US feels less direct impact but still suffers from global price hikes.
The escalating tensions in the Strait of Hormuz are causing significant economic strain, particularly in Asia, with China being highly vulnerable due to its heavy reliance on oil imports from the region.
The Rundown·Deep Dive: Why the Strait of Hormuz Could Break the Global Economy·Mar 07, 2026
“… to react to this, Evan. You've got the Dow Jones down, the S&P down, NASDAQ is down, so on. All of this starting to brew into a nightmare for the Federal Reserve. If you've got unemployment still on cue and you have rising inflation coming in from all this hot kinetic stuff that's happening in Iran, this basically gets us into stagflation. How does the Fed respond to this, man? So I think that we're going to see some better news. You know, I think it's not going to be as bad as some. I don't think we're going to see actual stagflation. You know, I think I think things are going to end and it's going to …”“… it there. One, of course, is this February job report, which is, yes, a total disaster. U.S. didn't stop hiring. It actually lost 92,000 jobs in February. Unemployment has climbed to 4.4, surpassing the 4.3. And now you have markets that are starting to react to this, Evan. You've got the Dow Jones down, the S&P down, NASDAQ is down, so on. All of this starting to brew into a nightmare for the Federal Reserve. If you've got unemployment still on cue and you have rising inflation coming in from all this hot kinetic stuff that's happening in Iran, this basically gets us into stagflation. How does the Fed respond to this, man? So I think that we're going to see some better news. You know, I think it's not going to be as bad as some. I don't think we're going to see actual stagflation. You know, I think I think things are going to end and it's going to you know, I think you got a few more months of things kind of energy oil potentially going up. But after that, I think inflation kind of stabilizes again. And once Kevin Warsh gets in, I think I think the plan stays. I think you may see some cuts, potentially July, that kind of area. I wouldn't get too afraid of stagflation just yet. I'll keep more …”View more
Ridealong summary
The U.S. is facing a potential economic nightmare with rising unemployment and inflation, raising fears of stagflation. However, market analyst Evan Aldo believes there is hope for stabilization, suggesting that the Federal Reserve may not need to panic just yet. He anticipates a possible economic rebound in the coming months, with inflation leveling off and potential interest rate cuts ahead.
The Paul Barron Crypto Show·Rush To Safety?📉Crypto Technical Analysis with Evan Aldo·Mar 06, 2026
“… again. You see it here in 2019. So this was already before the madness of silly season pandemic started in the start of 2020. All right. So the Federal Reserve balance sheet went up. Bitcoin was going down. Then, of course, we did harmonize again. We did harmonize again here and we all went up together in 2021. Okay? Bitcoin price and the balance sheet. Then the Fed, there's a very boogeyman number, $9 trillion. They never got to it. You can kind of see it's like they almost hit $9 trillion balance sheet, but they didn't get to it. And then they started to go down. We had this weird... That was the... …”“That market seized up. So they had to increase their balance sheet again. You see it here in 2019. So this was already before the madness of silly season pandemic started in the start of 2020. All right. So the Federal Reserve balance sheet went up. Bitcoin was going down. Then, of course, we did harmonize again. We did harmonize again here and we all went up together in 2021. Okay? Bitcoin price and the balance sheet. Then the Fed, there's a very boogeyman number, $9 trillion. They never got to it. You can kind of see it's like they almost hit $9 trillion balance sheet, but they didn't get to it. And then they started to go down. We had this weird... That was the... Silicon Valley... Yeah, the regional bank crisis. Yep. Silicon Valley bank crisis. A lot of guarantees were given again to banks, some liquidity. So they popped the balance sheet up here. but again powell uh actually to his credit said we got to normalize get down and there's other things happening here we don't have to get into all the detail the …”View more
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Despite central banks tightening their balance sheets, Bitcoin's price can still rise, defying traditional expectations. This segment reveals how Bitcoin's movement operates independently from the central bank's monetary policies, suggesting that both increases and decreases in money supply can lead to Bitcoin price fluctuations. Understanding this dynamic is crucial for long-term Bitcoin investors.
What Bitcoin Did·The Four Year Cycle Is Not Broken | Matthew Mezinskis·Mar 05, 2026
“… the last time we really saw gas and oil in that $100 a barrel mark. And so that's, I think, what you're really worried about, whether you're the Federal Reserve or whether you're a corporation trying to assess this, is if we get to a place where companies and consumers really start to change their assessment of what they think the next several months are going to be. It's not happening yet. Right, right. Last thing, and then I'll let you get back to work. the phrase supply shock is being bandied about because it's not just oil and gas and it's not just the Strait of Hormuz. Insurance for shipping is …”“… a different calculation for Europe and Asia. But the question, I think, that begins to transition when we get to something like $90 oil is you get these feelings that we're back to that dreaded summer of 2022 when inflation really spiked. That's the last time we really saw gas and oil in that $100 a barrel mark. And so that's, I think, what you're really worried about, whether you're the Federal Reserve or whether you're a corporation trying to assess this, is if we get to a place where companies and consumers really start to change their assessment of what they think the next several months are going to be. It's not happening yet. Right, right. Last thing, and then I'll let you get back to work. the phrase supply shock is being bandied about because it's not just oil and gas and it's not just the Strait of Hormuz. Insurance for shipping is going up. There's general unease out there. That's a real worry, right? This idea of a supply shock now into this economy. Yeah, that's a really good point. And, you know, the goods, the flip side of that is that we had an oversupply, arguably, of oil and gas in the market coming into this, and that most other parts of the economy were pretty well …”View more
Ridealong summary
The labor market shows resilience with private company hiring up, but concerns about a potential supply shock and inflation could impact future economic stability.
Marketplace·"The Pitt" is the ultimate workplace drama·Mar 04, 2026
“… are they binging on? We even went to training schools for butlers because there's so many wealthy people. Now I would say consumers are a bit more reserved, deflated. I mean, one economist even described them as depressed because youth unemployment is very high. And even those people who have a job, wages aren't rising. And homeowners, and that's the majority of households, they're feeling a lot poorer because property prices have been dropping for four years plus. So it's against this backdrop that the Chinese government will be releasing its GDP target, which will be a range, right, for this …”“from 20 years ago when I first came to Beijing to work. You know, back then we were talking about what are Chinese consumers buying? It's the new middle class. You know, what kind of cars are they buying for the first time? What kind of luxury goods are they binging on? We even went to training schools for butlers because there's so many wealthy people. Now I would say consumers are a bit more reserved, deflated. I mean, one economist even described them as depressed because youth unemployment is very high. And even those people who have a job, wages aren't rising. And homeowners, and that's the majority of households, they're feeling a lot poorer because property prices have been dropping for four years plus. So it's against this backdrop that the Chinese government will be releasing its GDP target, which will be a range, right, for this year. Can you talk a little bit about why the Chinese government releases a GDP target? Sure. This system was adopted from the Soviet Union when China's economy was planned. And this was a goal for everyone to work towards. Now, these days, China's economy is much more mixed, but the state still plays a very big role in it. So these GDP targets, as …”View more
Ridealong summary
Chinese consumers are feeling deflated and depressed as youth unemployment rises and property prices drop, contrasting sharply with the past two decades of luxury spending. The government’s GDP targets serve as signals for both investors and the public, but despite hitting these targets, the economy is facing a two-track reality with sluggish domestic consumption and booming exports. Young people in China are now hesitant about marriage and family, reflecting broader economic anxieties.
The Indicator from Planet Money·The anxiety rattling China’s youth·Mar 04, 2026
“… that is going to both fuel inflation, disrupt supply chains and undermine growth at a time when policy flexibility is limited, especially for the Federal Reserve. Last week was all about financial instability, private credit, and also employment concerns. And that's why we went sub-4. So there's so many crosswinds. I think if you want to make a simplifying assumption is we will mostly trade in a range of 4 to 4.5 unless we get a big financial issue. Yeah. And that financial issue would be some combination of the AI bubble and the private credit. All right, so they're they're boiling it down to AI …”“… The good news is that this global economy has absorbed shock after shock after shock in the last few years and has proven incredibly resilient. But we don't want to throw too many shocks at it. So keep an eye on the duration of the conflict, because that is going to both fuel inflation, disrupt supply chains and undermine growth at a time when policy flexibility is limited, especially for the Federal Reserve. Last week was all about financial instability, private credit, and also employment concerns. And that's why we went sub-4. So there's so many crosswinds. I think if you want to make a simplifying assumption is we will mostly trade in a range of 4 to 4.5 unless we get a big financial issue. Yeah. And that financial issue would be some combination of the AI bubble and the private credit. All right, so they're they're boiling it down to AI private credit. Somewhat agreement with that point, of course, here is that this is very bad timing if you look at it, because this will stem more into inflation. This is going to cause some real trouble for the Fed especially with the fact that we already continuing to see a little bit of job loss to continue out through 26 And if we get more AI …”View more
Ridealong summary
The ongoing conflict in Iran could send shockwaves through the global economy, impacting inflation and supply chains. As the Federal Reserve grapples with limited policy options, the duration of this war is critical; experts predict rising inflation and job losses if the situation escalates. With predictions pointing to a ceasefire by June 30, the stakes couldn't be higher for the economy.
The Paul Barron Crypto Show·Operation Epic Printer?💸Crypto Market Update·Mar 03, 2026
“… his efforts. And the other chart in there, and this is a very sad chart, at least for American soldiers. If you take a look at the percentage of the federal budget spent on veteran affairs, essentially someone who comes back injured and needs medical care after serving, that has gone up twice as fast as the growth in the federal budget. And so the more wars of choice that the U.S. fights, the more people injured, maimed and killed, the more they're spending on this. And so the more you need to finance this. I didn't even put the defense budget in there because I wanted to put a more human element …”“… effort was Obama's surge, adding troops into the Afghanistan war, his drone warfare in and Yemen and Syria. And essentially the Fed was already at zero in printing money at that point. So there wasn't really much more that they could do to support his efforts. And the other chart in there, and this is a very sad chart, at least for American soldiers. If you take a look at the percentage of the federal budget spent on veteran affairs, essentially someone who comes back injured and needs medical care after serving, that has gone up twice as fast as the growth in the federal budget. And so the more wars of choice that the U.S. fights, the more people injured, maimed and killed, the more they're spending on this. And so the more you need to finance this. I didn't even put the defense budget in there because I wanted to put a more human element as to the cost of this continuous intervention in the Middle East. So now we get to Trump. He struck Iran last year for the 12-day war. And now we look like we're going to have a much longer one at this stage. at least going by the rhetoric and the change in tone from Trump and Hexeth, the Department of War chief. And so the longer this goes, and I …”View more
Ridealong summary
Bitcoin may be foreshadowing a looming banking crisis by indicating liquidity issues in the market. Experts suggest that even a minor job loss in knowledge work could destabilize the banking system, prompting the Federal Reserve to intervene. This conversation highlights the interconnectedness of AI, job security, and market dynamics.
The Milk Road Show·Arthur Hayes: Iran War = Fed Money Printing? Is a Massive Crypto Rally Coming?·Mar 03, 2026
“… enough. But the idea that the Fed controls the economy and the monetary system and then can generate predictable, positive outcomes by moving the federal funds rate around, that's total horse crap. So it's just a statistics and PR agency at this point. Yeah, I mean, you listen to what I mean, how do the feds when they talk about interest rate policy, what they say is it works through long and variable lags that immediately should raise alarm bells. What they're saying is if we raise rates, we have no idea when the effect of raising rates will take place. At some point, the outcome that we were …”“… stuff doesn't even show up on bank balance sheets or shadow bank balance sheets in these days. So the Fed does have some use. It uses its power of subpoena and regulatory authority, macroprudential power to force some kind of transparency. Not nearly enough. But the idea that the Fed controls the economy and the monetary system and then can generate predictable, positive outcomes by moving the federal funds rate around, that's total horse crap. So it's just a statistics and PR agency at this point. Yeah, I mean, you listen to what I mean, how do the feds when they talk about interest rate policy, what they say is it works through long and variable lags that immediately should raise alarm bells. What they're saying is if we raise rates, we have no idea when the effect of raising rates will take place. At some point, the outcome that we were anticipating by raising rates will take place and then we'll take credit for it. In other words, it could take three years. I mean, think about it this way. The Fed, as you mentioned already, most aggressive, quickest rate-hiking campaign in its history, yet here we are three, four years later still talking about inflation risk. Why is that the …”View more
Ridealong summary
The market predicts that interest rates will drop significantly, contrary to popular belief that they will soar. This expectation stems from economic conditions that have led to a global recession-like scenario, where most people are struggling financially. As a result, the Federal Reserve will be forced to lower rates, regardless of who is in charge, to respond to the worsening economic landscape.
What Bitcoin Did·Is This The Start Of A Financial Crisis? | Jeff Snider·Mar 03, 2026
“But mainly it's confidence in the U.S. institutions and the transparency of those institutions. People have confidence in the Federal Reserve. And, you know, you might have people saying, oh, but they mess up and whatever. Yeah, but there's accountability with the U.S. Federal Reserve. People trust that institution way more than we trust any other. currency issuing entity in the world. So that's why I'm kind of a dollar maximalist. I just don't see anyone else doing it. And the last part of that, of course, that I shouldn't be remiss in, the way we get dollars into your Europe, our …”“But mainly it's confidence in the U.S. institutions and the transparency of those institutions. People have confidence in the Federal Reserve. And, you know, you might have people saying, oh, but they mess up and whatever. Yeah, but there's accountability with the U.S. Federal Reserve. People trust that institution way more than we trust any other. currency issuing entity in the world. So that's why I'm kind of a dollar maximalist. I just don't see anyone else doing it. And the last part of that, of course, that I shouldn't be remiss in, the way we get dollars into your Europe, our Euro dollars, the way we get dollars used around the world is, of course, through the issuance of our debt. And the rest of the world is quite happy to acquire U.S. debt. They have confidence in U.S. debt. If you don't issue debt, how do you get that currency out there? I don't know. So do people, are people scrambling to get Chinese sovereign debt? …”View more
Ridealong summary
The U.S. dollar remains the world's preferred currency due to strong confidence in U.S. institutions, particularly the Federal Reserve. Unlike other nations, the U.S. has a transparent system that holds its currency accountable, making global investors eager to acquire U.S. debt. This trust is why the dollar continues to dominate, overshadowing currencies like the euro or the yuan.
Thinking Crypto News & Interviews·The Unexpected Reality of Crypto Market Cycles! with William Quigley·Feb 27, 2026
“… they're gonna do some degree of yield curve control in whatever methodology that looks like. They're gonna renegotiate the relationship between the Federal Reserve and the treasury, and I think move more of the balance sheet management from the Fed back to the treasury to allow Scott Besant to have more control over that and buying back his own bonds, so to speak, but it'll work. It might change market dynamics a lot, but it'll get what they need done in the short term. And so, I think that you're gonna see a lot of things come out of this administration to sort of re-engineer the economic and market …”“… suck $3 trillion out of the public capital markets and tank the whole rest of the economy. They're not gonna let the CapEx spending starve the rest of the economy. They're not gonna let the bond market starve and have to refinance at huge rates. So, they're gonna do some degree of yield curve control in whatever methodology that looks like. They're gonna renegotiate the relationship between the Federal Reserve and the treasury, and I think move more of the balance sheet management from the Fed back to the treasury to allow Scott Besant to have more control over that and buying back his own bonds, so to speak, but it'll work. It might change market dynamics a lot, but it'll get what they need done in the short term. And so, I think that you're gonna see a lot of things come out of this administration to sort of re-engineer the economic and market realities that we're in. I don't think they're gonna give up. I don't know if it'll work exactly, but they're not just gonna be like, oh, shucks, look at that, we're going into a recession and everything's collapsing. We are seeing that economic re-acceleration happening. That's because the CapEx has been allowed and because of the big, beautiful bill …”View more
Ridealong summary
The U.S. economy is on the brink of a liquidity crisis, but the Trump administration is determined to prevent a recession by pulling every lever possible to maintain capital flow. With trillions in IPOs on the horizon and a massive debt refinancing looming, they view economic stability as a matter of national security. This means significant policy changes are coming to ensure the economy remains strong and avoids a market crash.
The Milk Road Show·Why Ethereum May Be the Biggest Winner of the AI Revolution w/ John Gillen·Feb 24, 2026
“… old clip that resurfaced last week. I'm pretty sure it was a new interview. But Marco Rubio was on Fox News talking about the fact that the dollar reserve status is not ever going to be what it used to be like. The world is moving towards a multi-polar, multi-currency sort of regime, and the U.S. has to be prepared for that. And so that was, again, I don't recall if it was a resurfaced clip. I'm pretty sure it was a fresh clip from last week. And I was like, wow, the fact that they're actually admitting this on Fox News is pretty not startling, but pretty crazy just to say, yeah, I didn't see the …”“… no turning back. And they're getting more explicit with this, too. I mean, it's not directly connected to the tariff ruling from the Supreme Court, the pivot, the quick pivot right after. But I'm not sure if you saw that. I don't know if this was an old clip that resurfaced last week. I'm pretty sure it was a new interview. But Marco Rubio was on Fox News talking about the fact that the dollar reserve status is not ever going to be what it used to be like. The world is moving towards a multi-polar, multi-currency sort of regime, and the U.S. has to be prepared for that. And so that was, again, I don't recall if it was a resurfaced clip. I'm pretty sure it was a fresh clip from last week. And I was like, wow, the fact that they're actually admitting this on Fox News is pretty not startling, but pretty crazy just to say, yeah, I didn't see the clip and I don't know if it's new or not, but I think it aligns with everything that they spent two weeks and in Davos saying like last month, right, telling the global elite how things were going to change. And, you know, everyone from Trump to Vance to the trade rep, James Greer, you know, he gave a speech to that effect, basically calling for …”View more
Ridealong summary
If a liquidity crisis hits before Jerome Powell's departure, he may hesitate to make bold decisions, fearing backlash from the incoming Fed chair. This political tension could impact the economy significantly, as Powell faces pressure from multiple fronts while navigating his final months. Ultimately, the stakes are high, and the decisions made could define his legacy.
TFTC: A Bitcoin Podcast·Ten31 Timestamp: The Die Is Cast·Feb 23, 2026
“Have you played Federal Reserve Simulator yet? The new game. It's on Steam. On Steam. You gotta try it out. You're a banker now. I've not even heard of it. You're a banker now. You gotta get the reps in. You might really enjoy this. All right. Federal Reserve Simulator. Federal Reserve Simulator on Steam. It's right there on the screen. It says, Trump says we have an incompetent Federal Reserve Chair who loves high interest rates. There we go. Very, very interesting. What …”“Have you played Federal Reserve Simulator yet? The new game. It's on Steam. On Steam. You gotta try it out. You're a banker now. I've not even heard of it. You're a banker now. You gotta get the reps in. You might really enjoy this. All right. Federal Reserve Simulator. Federal Reserve Simulator on Steam. It's right there on the screen. It says, Trump says we have an incompetent Federal Reserve Chair who loves high interest rates. There we go. Very, very interesting. What hardware are you collecting recently? We just learned you can buy a steam-powered car and drive it around. Jay Leno has one that's 120 years old. What hardware am I buying lately? Not just buying, collecting. Yeah, I know. What am I? Well, so I have a I there's a few things I could bring up and to be honest I've been too busy to buy really good stuff, …”View more
Ridealong summary
One collector boasts a unique motorcycle collection themed around commercial failures, featuring rare bikes like the Honda Rune that lost over $100,000 per unit. This collection highlights that just because a product fails commercially doesn't mean it's bad; it may simply be a case of mismanaged business strategy. Additionally, the collector recently acquired a Jetson eVTOL aircraft, marking a new frontier in personal transportation.
TBPN·Palmer Luckey LIVE from NYSE, Supreme Court Smackdown, Data Center Backlash | Ryan Petersen, Jonathan Gould, Diogo Mónica, Joe Lonsdale, John Shahidi, Will Bruey, Sam Levenback, Alex Heath·Feb 20, 2026
“… why I really want this blockchain thing. Somebody needs to get vibe code, this slop, and get it out there. Super important question. Have you played Federal Reserve Simulator yet? The new game. It's on Steam. You've got to try it out. You're a banker now. I've not even heard of it. You're a banker now. You might really enjoy this. Federal Reserve Simulator. Federal Reserve Simulator on Steam. It's right there on the screen. It says, Trump says, we have an incompetent Federal Reserve chair who loves high interest rates. There we go. Very interesting. What hardware are you collecting recently? We just …”“… even though they didn't join the company until months later, who I had never met when I started the company. That said, there's some people I'm honored to share the title of co-founder with, and there's other people that I'm not, which is why I really want this blockchain thing. Somebody needs to get vibe code, this slop, and get it out there. Super important question. Have you played Federal Reserve Simulator yet? The new game. It's on Steam. You've got to try it out. You're a banker now. I've not even heard of it. You're a banker now. You might really enjoy this. Federal Reserve Simulator. Federal Reserve Simulator on Steam. It's right there on the screen. It says, Trump says, we have an incompetent Federal Reserve chair who loves high interest rates. There we go. Very interesting. What hardware are you collecting recently? We just learned you can buy a Steam-powered car and drive it around. Jay Leno has one that's 120 years old. What hardware am I buying lately? Collecting. Not just buying, collecting. There's a few things I could bring up. To be honest, I've been too busy to buy really good stuff, but I recently got delivered one of the first Jetson Ones, which is a small eVTOL …”View more
Ridealong summary
Imagine a world where co-founder disputes are resolved by blockchain technology. Oculus founder shares his experience with false claims of co-foundership, highlighting the fluid nature of startup histories. He proposes a blockchain solution to cement true founding stories and prevent future conflicts.
TBPN·Palmer Luckey: Why I Started My Own Bank·Feb 20, 2026
“… saying quantitative tightening, which, again, that's just a finance way of saying they're going to reduce the money supply. So what happened was the Federal Reserve. a balance sheet of about $3 trillion. They do need a certain amount for liquidity. Two, $3 trillion is what people generally think would be normal or reasonable. Let's just accept that number is true. During COVID, that number ballooned to $9 trillion, including trillions of dollars of mortgage-backed securities which the Federal Reserve is not legally allowed to hold. Anyone wants to know why housing prices are so expensive? Look to the …”“said, yeah, but, you know, Warsh is in favor of QT. OK, fancy way of saying quantitative tightening, which, again, that's just a finance way of saying they're going to reduce the money supply. So what happened was the Federal Reserve. a balance sheet of about $3 trillion. They do need a certain amount for liquidity. Two, $3 trillion is what people generally think would be normal or reasonable. Let's just accept that number is true. During COVID, that number ballooned to $9 trillion, including trillions of dollars of mortgage-backed securities which the Federal Reserve is not legally allowed to hold. Anyone wants to know why housing prices are so expensive? Look to the Federal Reserve. It's not your greedy broker. They're not taking that much money. So what happened then was Powell's Fed started to cut on a monthly basis. And I was skeptical that they would cut very much, but to their credit, they took a good two, $3 trillion out of that total. And right now the Fed balance sheet is a little over $6 trillion. Okay, …”View more
Ridealong summary
Despite fears that quantitative tightening (QT) could hurt Bitcoin, historical data shows otherwise. The Federal Reserve's significant balance sheet reduction led to record prices in Bitcoin and other assets, proving that long-term holders can weather short-term fluctuations. If you see Bitcoin as a hedge against fiat currency debasement, then a temporary QT is just a minor blip in the grand scheme of things.
TFTC: A Bitcoin Podcast·#715: $1.5 Trillion in AI Promises With No Business Plan with Gary Brode·Feb 11, 2026
“… in a closed-door hearing this month that the Justice Department did not have evidence of wrongdoing in its criminal investigation of the Federal Reserve over the cost of its building renovations, according to a transcript of the court proceedings. The prosecutor's admission, which has not been previously reported, undercuts President Donald Trump's claim that, quote, there is criminality in the $2.5 billion overhaul of the Fed's headquarters overlooking the National Mall. it's so fun like we know bozberg tossed these subpoenas and we know the trump white house was like it's bs and the doj was …”“Okay, okay. A top deputy to U.S. Attorney Janine Pirro acknowledged in a closed-door hearing this month that the Justice Department did not have evidence of wrongdoing in its criminal investigation of the Federal Reserve over the cost of its building renovations, according to a transcript of the court proceedings. The prosecutor's admission, which has not been previously reported, undercuts President Donald Trump's claim that, quote, there is criminality in the $2.5 billion overhaul of the Fed's headquarters overlooking the National Mall. it's so fun like we know bozberg tossed these subpoenas and we know the trump white house was like it's bs and the doj was like that's this is the wrong i think janine perro was like it's an activist judge uh because we should be able to subpoena people our subpoenas were real but if you go in and tell the judge that there's no actual crime that you can point to he's not gonna let you OK, yeah, you're supposed to have some information about wrongdoing and criminality …”View more
Ridealong summary
The Justice Department's investigation into the Federal Reserve's $2.5 billion renovation has been undermined by a surprising admission: they lack evidence of any wrongdoing. This revelation challenges claims made by former President Trump and raises questions about the legitimacy of the subpoenas issued during the inquiry, which were ultimately quashed by a federal judge. The DOJ's own deputy acknowledged they have no proof of fraud or false testimony, suggesting the subpoenas were more about political pressure than justice.
“… January. And one standard note, 100% basis point hike would add about $300 billion annually in interest on $30 trillion of US debt, roughly 6% the federal budget. Barry, what is this story all about? So a couple of things here. One, Fed funds, futures contracts are extraordinarily volatile. So they are going to move. So you can't read too much into future months, but the most recent month tends to be more accurate. I don't think we're going to see rate hikes. I mean, let's never say never, but we know that nothing's going to happen until Kevin Warsh takes the reins and he'll preside over the June …”“… odds going up from 0% to 15% over the next three months. By late March, futures imply 85% chance of no move through June. hike odds, 15% cut zero. Inflation remains above target with 2.4% year over year, well above the 2%. The core PCE was 2.8% in January. And one standard note, 100% basis point hike would add about $300 billion annually in interest on $30 trillion of US debt, roughly 6% the federal budget. Barry, what is this story all about? So a couple of things here. One, Fed funds, futures contracts are extraordinarily volatile. So they are going to move. So you can't read too much into future months, but the most recent month tends to be more accurate. I don't think we're going to see rate hikes. I mean, let's never say never, but we know that nothing's going to happen until Kevin Warsh takes the reins and he'll preside over the June meeting, right? The one that we have, I think it's April 29th. We're not going to have any Fed action. Yeah, but Kevin Warsh is a really, really good person to have at the reins. Remember that Powell was an attorney, not a trained economist. Kevin Wors has experience at the Fed. He certainly has the chops for this. And I believe that he would like …”View more
Ridealong summary
Recent resignations of Federal Reserve members exposed questionable trading practices that favor big investors over average citizens. This manipulation raises concerns about the integrity of economic policy, especially as inflation remains high and rate hikes become more likely. The discussion highlights the need for a Fed chair who can navigate these challenges effectively.
PBD Podcast·Iran REJECTS Trump's 15 Point Peace Plan | PBD #765·Mar 25, 2026
Ridealong summary
The Federal Reserve's new proposal aims to eliminate reputation risk for banks dealing with crypto, potentially opening up more banking opportunities for these companies. Meanwhile, major exchanges like Coinbase and Kraken are expanding their offerings, allowing users to trade stocks and tokenized assets, signaling a shift towards 24/7 trading in traditional finance. This evolution could redefine how we interact with both crypto and traditional markets.
Thinking Crypto News & Interviews·BIG CRYPTO NEWS! META FACEBOOK STABLECOIN, TRUMP SBF PARDON, SBI RIPPLE ASIA XRP LEDGER!·Feb 25, 2026
“… his tariffs to bring home manufacturing, right? And so he wants cheap money. He keeps beating up Jerome Powell, who is one but a big vote on the Federal Open Markets Committee that sets interest rates on a monthly basis generally based on they have two goals at the Fed, independent Fed, right? Try to create as much jobs as they can in the economy while keeping inflation low. And those sometimes are difficult to do at the same time. And they calibrate with the only tool they really have, which is interest rates. They calibrate how to keep job creation, job growth going while also making sure we …”“… got no job creation. He's got zero. He's got a GDP that a manufacturing sector in America that's slowing to a crawl. He's killed the family farms. Tens of thousands of them have closed. Manufacturing is the one that has lost the most jobs, even under his tariffs to bring home manufacturing, right? And so he wants cheap money. He keeps beating up Jerome Powell, who is one but a big vote on the Federal Open Markets Committee that sets interest rates on a monthly basis generally based on they have two goals at the Fed, independent Fed, right? Try to create as much jobs as they can in the economy while keeping inflation low. And those sometimes are difficult to do at the same time. And they calibrate with the only tool they really have, which is interest rates. They calibrate how to keep job creation, job growth going while also making sure we don't have hyperinflation. Well, Trump doesn't like it. He doesn't like the seven votes. And he's always wanted to have cheap money. So he's been bashing the guy that he appointed to the Federal Reserve back in the first term, Jay Powell, who, by the way, his chairmanship is up in May. He stays on the board, but his chairmanship is up in May. But …”View more
Ridealong summary
Trump's attempts to manipulate the Federal Reserve could lead to hyperinflation, a nightmare for the next presidency. By pressuring Fed Chair Jay Powell and even initiating a criminal probe against him, Trump risks destabilizing the economy he leaves behind. This pattern of economic cleanup has been a recurring theme for Democrats following Republican administrations.
Legal AF by MeidasTouch·Legal AF - 3/15/26·Mar 15, 2026
Ridealong summary
Jerome Powell, the Federal Reserve Chair, is navigating a politically charged environment as he resists pressure from Donald Trump to cut interest rates amidst rising inflation from the Iran war. Uniquely, Powell plans to remain in his position even after his term ends to ensure he is cleared from a Department of Justice investigation, a rare move for a Fed Chair. This situation highlights the unusual intersection of economic policy and political drama.
Bulwark Takes·New Inflation Warnings from Fed; Could Iran War Raise Prices AND Cause Recession?·Mar 20, 2026
“… said Donald Trump in 2025, June of 2025. The conclusion later states, A mountain of evidence suggests that the government served these subpoenas to Federal Reserve Chair Jerome Powell on the board to pressure its chair into voting for lower interest rates or resigning. This is very bad. This is very scary. This is what happens in lesser developed third world countries where one sole authoritarian power tries to command the economy so he can win the midterms or have short gain at the long expense of American citizens Do you guys trust Donald Trump judgment on controlling the levers of our economy, interest …”“So is this, quote, Too late Jerome Powell is costing our country hundreds of billions of dollars. He is truly one of the dumbest, most destructive people in government. Too late's an American disgrace, said Donald Trump in 2025, June of 2025. The conclusion later states, A mountain of evidence suggests that the government served these subpoenas to Federal Reserve Chair Jerome Powell on the board to pressure its chair into voting for lower interest rates or resigning. This is very bad. This is very scary. This is what happens in lesser developed third world countries where one sole authoritarian power tries to command the economy so he can win the midterms or have short gain at the long expense of American citizens Do you guys trust Donald Trump judgment on controlling the levers of our economy, interest rates, controlling the amount of inflation, the monetary policy, so to speak? I do not. He can't even control the Epstein file release. He can't even control the Iran war that he started. I do not trust him on that. This continues to say, on the other side of the scale, the government has produced essentially zero evidence to suspect Chair Powell …”View more
Ridealong summary
In a surprising turn of events, Trump's attempt to confront Jerome Powell about Federal Reserve renovations backfired spectacularly, revealing his own dishonesty. During a press briefing, Powell firmly debunked Trump's inflated claims, showcasing the political tensions at play. This incident highlights the chaotic intersection of politics and economics, leaving many questioning the integrity of the ongoing investigations.
The Adam Mockler Show·Trump Stooge SLAMS DESK as Lawsuit BACKFIRES·Mar 13, 2026
“… there's these software and hardware companies that are stalwarts that are exceptionally important. But like, what's more important than the digital Federal Reserve? I mean, like the, like the company that prints dollars and gets four and a half percent or whatever, 3% to issue dollar tokens. I mean, it's, it's incredible what the way that Tether has squeaked through where their bag man now who's all over the files as well, how we let Nick is like running commerce, you know, for years and years, right? It's been Bitfinext and, and a lot of these truthers who are like 99% correct about everything about …”“… each other and interface with companies. Okay. But they are investing in it. They're not creating the chips that are going to run all the computers that run all this stuff like, sure, maybe NVIDIA is up there, obviously Apple and Microsoft, you know, there's these software and hardware companies that are stalwarts that are exceptionally important. But like, what's more important than the digital Federal Reserve? I mean, like the, like the company that prints dollars and gets four and a half percent or whatever, 3% to issue dollar tokens. I mean, it's, it's incredible what the way that Tether has squeaked through where their bag man now who's all over the files as well, how we let Nick is like running commerce, you know, for years and years, right? It's been Bitfinext and, and a lot of these truthers who are like 99% correct about everything about Tether, except the most important thing to me, which is that it's not a fraud in the typical sense where it's not this Ponzi scheme that's going to blow up because it's too important. It is way, way, way too important for dollar hegemonic advances for for the U.S. government to let Tether die. And so I don't know, maybe I'll eat my words. Maybe it …”View more
Ridealong summary
Tether has emerged as a crucial player in the financial system, potentially too big to fail. Initially seen as a competitor to Bitcoin, its vast holdings and strategic investments position it as a key player in the global economy. This evolution raises questions about its role and the implications for the U.S. dollar's dominance amidst changing financial landscapes.
What Bitcoin Did·The Epstein Files: What They Reveal About Bitcoin & The Dollar System | Mark Goodwin·Feb 13, 2026
“… Yeah, this is going to be a really good episode. So there's just so much really kind of big news out there around our money. And on Wednesday, the Federal Reserve voted 11 to 1 to hold interest rates steady at 3.5% to 3.75%. That part was expected. What wasn't expected was everything else that came out of the meeting. Yeah, Robert, a lot came out of that meeting. Fed Chair Jerome Powell said inflation's not coming down as much as they had hoped. He said the implications of the Iran war on the U.S. economy are uncertain, and it's too soon to know the full impact on the economy. The updated summary of …”“All right, Robert, let's dig into our first story. Yeah, this is going to be a really good episode. So there's just so much really kind of big news out there around our money. And on Wednesday, the Federal Reserve voted 11 to 1 to hold interest rates steady at 3.5% to 3.75%. That part was expected. What wasn't expected was everything else that came out of the meeting. Yeah, Robert, a lot came out of that meeting. Fed Chair Jerome Powell said inflation's not coming down as much as they had hoped. He said the implications of the Iran war on the U.S. economy are uncertain, and it's too soon to know the full impact on the economy. The updated summary of economic projections told the rest of the story. The Fed raised their core PCE inflation forecast from 2.5% to 2.7% for 2026. Headline PCE also moved up to 2.7% in 2026. And GDP expectations slightly were bumped higher from 2.3% to 2.4%. But the dot plot is where everything gets really interesting. And for those that aren't familiar, the dot plot is a …”View more
Ridealong summary
In a surprising shift, the Federal Reserve's latest meeting revealed that a supermajority of committee members now expect zero interest rate cuts this year, contrary to earlier predictions of multiple cuts. This change reflects ongoing concerns about inflation and economic uncertainty, impacting how individuals should manage their investments moving forward.
Rich Habits Podcast·Nvidia's $1 Trillion Revenue Announcement, the Fed's New Inflation Forecast, & Kraken's IPO·Mar 20, 2026
“… in the world, right? So the United States, West Texas crude, there's buying from Asian markets now coming for that oil because it's needed. but the federal reserve adjusting monetary policy is not really going to help this situation and it's not the right tool to solve it we need to get the oil to the right places and there's other tools to do that other ways to do that but that's not a monetary policy thing however you know if all you have is a hammer everything looks like a nail and that's what the federal reserve is going to do they're going to say inflation is coming up it is a risk to inflation …”“… is a structural shortage in a commodity, a consumable commodity, right? So it's like it's not just a monetary phenomenon. So monetary policy is not the right tool. And the other thing, too, is we have enough oil. It's just not in the right places in the world, right? So the United States, West Texas crude, there's buying from Asian markets now coming for that oil because it's needed. but the federal reserve adjusting monetary policy is not really going to help this situation and it's not the right tool to solve it we need to get the oil to the right places and there's other tools to do that other ways to do that but that's not a monetary policy thing however you know if all you have is a hammer everything looks like a nail and that's what the federal reserve is going to do they're going to say inflation is coming up it is a risk to inflation coming up and so the market now is is pricing in an expectation so the market was pricing in i think it was between two to three rate cuts for 2026. And that was the outlook. After this whole situation with Iran has happened, that has flipped. And now I think the market is pricing in two, maybe more rate hikes in 2026. But again, just like I said, that …”View more
Ridealong summary
Raising interest rates may not be the answer to today's inflation crisis, as the real issue lies in a structural shortage of commodities like oil. Despite the market's expectation of rate hikes, experts argue that monetary policy isn't the right tool to address this problem. The situation is fluid, and upcoming geopolitical events could dramatically shift the outlook.
The Milk Road Show·Gold Just Had Its WORST Crash in 43 Years! Is Bitcoin Next? w/ John Gillen·Mar 23, 2026
“… The tokens. The tokens are free. Free compute. Free compute. What is this hoodie? The Fred hoodie? Oh, this is amazing. I love Fred. Fred is the Federal Reserve. What does Fred actually stand for? Federal Reserve Economic Data. Yes. So this is basically the best website for economic data. Huge in my early economics career. So many useful charts and graphs, all free, open source. Just like you just click it and you get exactly what you want. So whenever you want to go back to some ground truth setting, you hit fred.stlouisfed.org. Highly recommended for GDP data and more. Good charts. We got the Fred …”“… calls, you need to be... Yeah. Maybe they're just using Cluely. Maybe. Maybe. But Jira Tickets has the real alpha. The guy who vibe codes a billion dollar SaaS on a United Airlines customer service call. They're just using them for their tokens. Yes. The tokens. The tokens are free. Free compute. Free compute. What is this hoodie? The Fred hoodie? Oh, this is amazing. I love Fred. Fred is the Federal Reserve. What does Fred actually stand for? Federal Reserve Economic Data. Yes. So this is basically the best website for economic data. Huge in my early economics career. So many useful charts and graphs, all free, open source. Just like you just click it and you get exactly what you want. So whenever you want to go back to some ground truth setting, you hit fred.stlouisfed.org. Highly recommended for GDP data and more. Good charts. We got the Fred sweatshirt. Absolute dripped out economic brother. What else? How popular is the name Fred? Fred? Okay. So Fred in 1950 was the 84th most popular name. And guess what it is now? It was 84 back then. I imagine it's fallen. I would say it's like 150. How about 2007? No. 1956. Such a fall off. Fred's a huge opportunity to name your kid Fred. I like …”View more
Ridealong summary
Meta's strategic partnership with AMD marks a significant shift in the silicon landscape, positioning AMD as a key player against Nvidia.
TBPN·Kim K's New Energy Drink, Citrini Discourse Rages On, the $100B Meta-AMD Deal | Diet TBPN·Feb 24, 2026
“… I was in the Navy for two years. What did you do? Okay, he went to school, and the Navy paid for it, and then he got out medically. I was Naval Reserve. And what's your disability? Depression and anxiety. What's that night again? $5,500? Yeah, sorry, $5,800 for the salary. And then the money that I got from the VA is around like $2,070.”“… on. And what's your net? My net is, so I just started this job, so I'm still seeing what it is after taxes. But I think my net is around $5,800 a month. And then I also get disability from the VA. Why do you get disability? You were in the military? I was in the Navy for two years. What did you do? Okay, he went to school, and the Navy paid for it, and then he got out medically. I was Naval Reserve. And what's your disability? Depression and anxiety. What's that night again? $5,500? Yeah, sorry, $5,800 for the salary. And then the money that I got from the VA is around like $2,070.”View more
Ridealong summary
After years of struggling with debt while following Dave Ramsey's financial advice, a former stripper reveals her surprising side hustle. Despite having stopped posting on OnlyFans for two years, she still receives money from loyal supporters, contributing to her monthly income. This unexpected financial twist raises questions about personal choices and financial management.
Financial Audit·$418,000 Of Debt To "Flee Trumps America" | Financial Audit·Mar 27, 2026
“… to read source materials. I know nowadays, you know, people watch podcasts and things like that. I like to read Fed data. I like to read FRED, the Federal Reserve Economic Database that you can get free. I like to read quarterly reports from companies, transcripts of the analyst calls and those kinds of things. So that's what I spend a lot of time looking at and reading. And then, of course, listening to my clients who are in the know on the private market side. You do have a very good advantage there. I have a great advantage there. Right, right. So, you know, I think of private investing, there's like …”“… imagine how many more pockets you can go to. But no one thought before that it would be easy to raise that sum and it was easy to raise it. Okay. What is your information and research diet? What do you watch out for? I'm kind of old school. I like to read source materials. I know nowadays, you know, people watch podcasts and things like that. I like to read Fed data. I like to read FRED, the Federal Reserve Economic Database that you can get free. I like to read quarterly reports from companies, transcripts of the analyst calls and those kinds of things. So that's what I spend a lot of time looking at and reading. And then, of course, listening to my clients who are in the know on the private market side. You do have a very good advantage there. I have a great advantage there. Right, right. So, you know, I think of private investing, there's like this two by two matrix, which is like its access and its diligence. Right. And so, you know, we're in a real sweet spot here. Right. Because I have access or we have access or clients, therefore, I have access to all sorts of things because of the incredible network we have.”View more
Ridealong summary
To thrive in today's investment landscape, focus on a disciplined information diet. Michel Del Buono emphasizes reading source materials like Fed data and company reports, leveraging access to exclusive insights from clients to enhance decision-making. This dual approach of diligence and access positions investors for success in volatile markets.
Sourcery·Inside Marc Andreessen & Ben Horowitz’s Multi-Family Office·Mar 27, 2026
Ridealong summary
Trump's push for a ceasefire in the Middle East could lead to an unexpected economic boom, especially as the Fed prepares for its next meeting. Recent CPI reports show promising inflation numbers, but rising energy prices could complicate the Fed's decision on interest rates. As the situation evolves, investors are left speculating on the potential impacts on the stock market and inflation rates.
The Paul Barron Crypto Show·April Rally Possible?📈Crypto Market Update·Mar 11, 2026
“… cuts. But if inflation is climbing, there's really no solution other than keeping rates high or even raising them further. So a real jam in terms of federal monetary policy, Fed monetary policy. Here's Art Cashin at the opening bell. This is a historical video. When was this? This was a long time ago. Let's play this clip. This may be it. First, let me start out. Morituri Tei, Salo Thomas SA. And you know that's the gladiator salute. We who are about to die salute you. So it's going to be a tough morning. This may be it. We were about to die. Salute you. Insane, insane aura. CNBC really doesn't get …”“… goes up, the Fed has a mandate to curb inflation. That means higher interest rates. At a time when the labor market is shedding jobs, you would expect a Fed rate cut, or a lot of people are optimistic about a rate cut. Trump certainly wants rate cuts. But if inflation is climbing, there's really no solution other than keeping rates high or even raising them further. So a real jam in terms of federal monetary policy, Fed monetary policy. Here's Art Cashin at the opening bell. This is a historical video. When was this? This was a long time ago. Let's play this clip. This may be it. First, let me start out. Morituri Tei, Salo Thomas SA. And you know that's the gladiator salute. We who are about to die salute you. So it's going to be a tough morning. This may be it. We were about to die. Salute you. Insane, insane aura. CNBC really doesn't get enough credit for being so innovative in terms of broadcasting and entertainment. Really, some of the greatest clips. I love one of the top comments. This is an old clip. Yeah, obviously. Obviously, brother. It's probably from the 90s. So Zero Hedge says, you know, with oil at 111, total panic. And Mimetic Sisyphus shares a clip that says half of …”View more
Ridealong summary
If oil prices rise by just $10, inflation could jump from 2.4% to 3% in the U.S. This poses a dilemma for the Federal Reserve, as higher oil prices could force them to raise interest rates amidst a struggling labor market, creating a potential economic crisis. The tug-of-war between inflation and interest rates is creating a precarious situation for monetary policy.
TBPN·History’s Largest Oil Disruption, Oil & AI, Sundar's New Pay Deal | Alex Epstein, Dr. Alex Wissner-Gross, Charles Lamanna, Julien Bek, Eoghan McCabe, Michelle Volz·Mar 09, 2026
“… and will end up getting stripped out entirely if you're going to pass a bill. The reason I say that is right now, if you were to go speak to the Federal Reserve, they will tell you we can't do a CBDC without congressional authorization. So their current stance is that CBDCs are illegal From there why would you do anything The objection of the House members to this which I think is fair actually is if we say it illegal but that ban expires in 2030 did we not just implicitly make it legal as soon as that expires? I would say I actually think it's an advantage for the United States not to have a CBDC. If …”“… making it very clear that they're not going to tolerate this 2030 sunset provision on CBDC's ban. What do you think? Do you think we're going to get a CBDC narrative that will come out in the Clarity Act? I think the CBDC thing is probably a distraction and will end up getting stripped out entirely if you're going to pass a bill. The reason I say that is right now, if you were to go speak to the Federal Reserve, they will tell you we can't do a CBDC without congressional authorization. So their current stance is that CBDCs are illegal From there why would you do anything The objection of the House members to this which I think is fair actually is if we say it illegal but that ban expires in 2030 did we not just implicitly make it legal as soon as that expires? I would say I actually think it's an advantage for the United States not to have a CBDC. If you've looked at rollouts across the world, mostly people don't want these things, right? You've seen nations try to deploy them, like China, in a very technocratic way, or, you know, somewhere small, like, you know, the Bahamas in a somewhat disorganized way. But the general statement is that people don't want money that the government can control …”View more
Ridealong summary
The U.S. is likely avoiding a losing strategy by not pursuing Central Bank Digital Currencies (CBDCs), which consumers globally reject due to fears of government control over money. Instead, the focus is shifting towards stablecoins and private market solutions that empower consumers. This shift could strengthen regional banks and create a more competitive financial landscape.
The Paul Barron Crypto Show·Banks Suing Government For Stablecoin Yields!?🚨Austin Campbell INTERVIEW·Mar 09, 2026
“… forth. We just don't have them. I mean, I think the point of connection to U.S. markets for U.S. investors and how we feel it, it's going to be the Federal Reserve. Right. So last week we got two unpleasant inflation prints in the form of producer prices. Prices paid was high. And then we had the ISM manufacturing report and their prices paid reading was bad. And so already you can sort of see the Federal Open Market Committee thinking, geez, maybe these cutting rates might now not be so smart. And then you get another inflationary element into the picture, which is gas prices going up, which feed into …”“… that to be more second, third order as opposed to the initial things that we should be worried about. I don't think we have enough export infrastructure to really make hay off Europe's price problems. We'd like to have more export terminals and so forth. We just don't have them. I mean, I think the point of connection to U.S. markets for U.S. investors and how we feel it, it's going to be the Federal Reserve. Right. So last week we got two unpleasant inflation prints in the form of producer prices. Prices paid was high. And then we had the ISM manufacturing report and their prices paid reading was bad. And so already you can sort of see the Federal Open Market Committee thinking, geez, maybe these cutting rates might now not be so smart. And then you get another inflationary element into the picture, which is gas prices going up, which feed into food prices and have a big effect on sentiment, inflation expectations. Maybe those rate cuts come off the table. And, you know, it's a horrible thing when there is something as serious and mortal and morally important as a war going on. And you're sitting here talking about what a bunch of nerds in Washington are going to do with interest rates. …”View more
Ridealong summary
Investors may be underestimating the long-term risks from geopolitical tensions in the Middle East, particularly regarding oil prices and economic stability. While markets have reacted mildly to recent events, experts warn that infrastructure damage and rising gas prices could lead to significant economic fallout. This uncertainty raises questions about how U.S. consumers and investors will ultimately feel the impact of these developments.
Prof G Markets·Why The Iran War Could Reignite Inflation·Mar 04, 2026
“… blogger who's going for clicks. Like, this is the National Bureau for Economic Research. There's three members of the Atlanta Fed on, like, the Federal Reserve Bank there on this paper. There's two people from NBER on the paper. And then they also pulled in the Bank of England. They have some Australians and Germans on there, too. And so this is a research paper that could be circulated, probably will be circulated within the Fed. And I think that it's already getting quoted by the New York Times in that dot-com bubble, AI bubble piece. And I'm just thinking it through, like, this could be something …”“… AI adoption is real. It's valuable. It's happening. But it is a very interesting statistic. And I think it's a mistake for tech people to, like, dismiss this stat because of where it's coming from. Like, it's not coming from some, like, doomer anti-AI blogger who's going for clicks. Like, this is the National Bureau for Economic Research. There's three members of the Atlanta Fed on, like, the Federal Reserve Bank there on this paper. There's two people from NBER on the paper. And then they also pulled in the Bank of England. They have some Australians and Germans on there, too. And so this is a research paper that could be circulated, probably will be circulated within the Fed. And I think that it's already getting quoted by the New York Times in that dot-com bubble, AI bubble piece. And I'm just thinking it through, like, this could be something where you see Fed policy or government legislation that's sort of mismatched with what is actually happening in reality. And so we should go through some of the stats to actually break this down because the headline is 80% of firms reported that AI was having no impact on their productivity or employment. And that's actually, like, a misquote. Like, …”View more
Ridealong summary
A shocking statistic reveals that 80% of firms report AI has no impact on their productivity or hiring plans. However, this statistic is misleading, as it stems from a rigorous study by the National Bureau of Economic Research, which verifies the positions of respondents. The reality is that while AI is being used, its effects are not yet shaping employment strategies, highlighting a potential disconnect with government policy.
TBPN·Happy Nvidia Day, Salesforce Earnings with Marc Benioff, Anthropic's New Stance on Safety | Doug O'Laughlin, Maxwell Meyer, Ben Lerer, Michael Manapat, Adam Warmoth, Connor Sweeney, Matthew Harpe·Feb 25, 2026
Ridealong summary
Bitcoin has failed to prove itself as a safe haven asset, especially during liquidity crises, according to market analysts. While it was once seen as a hedge against inflation and economic instability, recent performance suggests it's more of a speculative investment, reacting poorly when liquidity tightens. This raises questions about its long-term role in the global economic landscape.
What Bitcoin Did·Trump's Secret Plan for a US Economic Renaissance | Brent Johnson·Feb 25, 2026
“… interesting things happening that could, you know, allude to the fact that maybe there's something brewing here, at least on the decision. One, the Federal Reserve talked about this following earlier actions. This was removing reputational risk from its supervision on banks, is now requesting comments on a proposal to codify that removal. So that would be unique. Then you have this right here. This is talking about crypto.com becoming a national bank, a trust bank. So this is an exchange that's starting to flow into this. We in a US, you know, somewhat US exchange. That of course gets more clarity in the …”“… and then we can go forward. But at least right now, we haven't got an indication of the banks are ready to play ball fully yet. But you know, time will tell. We'll see at the end of month if they're able to stomach something. Yeah. There are some interesting things happening that could, you know, allude to the fact that maybe there's something brewing here, at least on the decision. One, the Federal Reserve talked about this following earlier actions. This was removing reputational risk from its supervision on banks, is now requesting comments on a proposal to codify that removal. So that would be unique. Then you have this right here. This is talking about crypto.com becoming a national bank, a trust bank. So this is an exchange that's starting to flow into this. We in a US, you know, somewhat US exchange. That of course gets more clarity in the sense that, you know, they could be themselves a bank in the coming, as could Robinhood and many of these others who have filed for it. But do you think that this is something that is going to matter when it comes down to it, especially stablecoins? Back to your point, you're saying that there's attorneys out there. Yes, this is something we should …”View more
Ridealong summary
The crypto industry's focus on stablecoin yields and tokenized deposits reflects broader regulatory challenges, but potential collaboration with banks could mitigate tensions.
The Paul Barron Crypto Show·CLARITY A Coin Flip Catalyst!?🚨Ron Hammond INTERVIEW🏦·Feb 24, 2026
“… me in. I think he's dead on right that we need to do this. The Fed is still too big, even though it's gone from nine to six. And now they're doing reserve management purchases to increase their balance sheet. But don't you dare call it QE. It actually is QE. They just don't want to call it QE. And so because they're afraid that the funding markets, the plumbing of the financial system is going to get kind of wobbly. So I think that they didn't need that. The last thing I'll say about him is a quick anecdote or a quick history lesson. 1986, there was a Fed meeting. And there was a meeting to …”“… So if we reduce the balance sheet from six to four to three, that Wall Street's funding needs double in size. In order to do that, we're going to need agreements from the Treasury. And that's this new Fed-Treasury accord that he's talking about. Count me in. I think he's dead on right that we need to do this. The Fed is still too big, even though it's gone from nine to six. And now they're doing reserve management purchases to increase their balance sheet. But don't you dare call it QE. It actually is QE. They just don't want to call it QE. And so because they're afraid that the funding markets, the plumbing of the financial system is going to get kind of wobbly. So I think that they didn't need that. The last thing I'll say about him is a quick anecdote or a quick history lesson. 1986, there was a Fed meeting. And there was a meeting to decide to cut interest rates. Fed chairman at the time was Paul Volcker. Volcker voted to not cut interest rates, but the Open Market Committee voted to cut rates. In other words, the chairman was on the losing side of that vote. Volcker got up in the middle of that meeting and resigned. Walked into his office, called Jim Baker, the Treasury Secretary, …”View more
Ridealong summary
Kevin Warsh, the incoming Fed chair, may reshape monetary policy by pushing for a new Fed-Treasury accord to address the massive balance sheet. His hawkish reputation might not be as severe as perceived, and if he advocates for aggressive rate cuts, it could lead to significant dissent within the Fed. This dynamic could mirror past power struggles, potentially altering how the Fed operates in the coming years.
Bankless·What’s the Story? AI Stocks, Crypto Downturn, Metals Selloff, SaaSpocalypse | Jim Bianco·Feb 12, 2026
“… I said actually we don want to happen And the Fed is not targeting and did not happen Instead he added tariffs. He's been trying to politicize the Federal Reserve, which is bad for long term price stability. And he's been doing a bunch of other things like, I don't know, deporting our agricultural labor force and our construction labor force and all of those and like things that will also at least in specific sectors potentially put pressure on higher prices and then there is this war which is not factored into any of these data by the way because the war is much too recent but that's going to be putting …”“… it is partly because of a lot of things or i don't want to say exclusively but largely because of a lot of the things that donald trump has done donald trump came in promising to whip inflation now um and to you know in fact bring down prices which as I said actually we don want to happen And the Fed is not targeting and did not happen Instead he added tariffs. He's been trying to politicize the Federal Reserve, which is bad for long term price stability. And he's been doing a bunch of other things like, I don't know, deporting our agricultural labor force and our construction labor force and all of those and like things that will also at least in specific sectors potentially put pressure on higher prices and then there is this war which is not factored into any of these data by the way because the war is much too recent but that's going to be putting pressure on not just oil prices lots of other goods to oil gas lots of downstream things that are made from oil and gas and petrochemicals and the byproducts of processing gasoline and all of that good stuff. So we can get into all of that. But, you know, we will. It's always it's always the case that these data are somewhat backward looking …”View more
Ridealong summary
Inflation remains stubbornly high, hovering between 2.4% and 2.8%, despite efforts to stabilize it. This situation has been exacerbated by recent tariffs and geopolitical tensions, particularly the war in Iran, which threaten to push prices even higher. The Federal Reserve's long-standing target of 2% seems increasingly elusive, revealing the complexities of economic management amid political influences.
Bulwark Takes·BREAKING: GDP Growth Revised WAY Down·Mar 13, 2026
“… that again. We've got to take them out again. That's the shit that's coming out of that country. Get back in there, boys. Okay. Okay, so Navy Federal, we have something for 18%. How much is it? It looks like a consumer loan, personal loan. Yeah. Who? No, because we each have one. Oh, okay. Great. $13,122. I think that one's mine. What the f*** are you doing? Let me guess. That was to consolidate other credit card debt that I used to buy statues. What is wrong with you? How are you okay with this? Why did you marry into this? Well, how much aware of this were you? I wasn't aware of it until …”“… of them. You guys are doing the IED method. Nice. Very nice. Can't stop me today. I'm going to roll. Nice. Do you know what they call a Shirley Temple in Iraq? A Shirley Mosque. Oh. Oh. Took me a while to come up with that one. We've got to reconquer that again. We've got to take them out again. That's the shit that's coming out of that country. Get back in there, boys. Okay. Okay, so Navy Federal, we have something for 18%. How much is it? It looks like a consumer loan, personal loan. Yeah. Who? No, because we each have one. Oh, okay. Great. $13,122. I think that one's mine. What the f*** are you doing? Let me guess. That was to consolidate other credit card debt that I used to buy statues. What is wrong with you? How are you okay with this? Why did you marry into this? Well, how much aware of this were you? I wasn't aware of it until like a few months in our relationship. Oh, our relationship. Yes, but not marriage. Why'd you want to marry into this? It's horrible. Because I love him. Yes, I love. Yeah, sure. love each other that great but figure this shit out and then get married well i mean like i just a very optimistic one of the leading causes for divorces in this country …”View more
Ridealong summary
Buying a couch should be straightforward, but one couple is buried under a mountain of debt from their furniture and personal loans. With an 18% interest rate and a couch costing them $67 a month for 19 years, their financial choices are leading them down a dangerous path. This segment reveals the shocking reality of mixing love and finances without a plan.
Financial Audit·"Islam Is The Most Feminist Religion" | Financial Audit·Mar 20, 2026
“… the bank that is issued to you or the mortgage-backed security holder that owns part of that mortgage is going to suffer impairment. That's why the Federal Reserve bought so many mortgage-backed securities between 2008 and 2012, because if there were defaults in the system and the banks were going to take those defaults, then the whole system does collapse. We are in a $350 trillion debt-based system. $350 trillion in debt. Just numbers you can't comprehend. And my students have to think in trillions. This is what we do. Every single class, we show charts and we're comparing this $7 trillion line item to …”“… to the economy in that interim period? And I can't see a way that it's not catastrophic. You make a good point because in the end, the defaults are what trigger a financial crisis. So if you can't pay back, not only do you default on the debt, but the bank that is issued to you or the mortgage-backed security holder that owns part of that mortgage is going to suffer impairment. That's why the Federal Reserve bought so many mortgage-backed securities between 2008 and 2012, because if there were defaults in the system and the banks were going to take those defaults, then the whole system does collapse. We are in a $350 trillion debt-based system. $350 trillion in debt. Just numbers you can't comprehend. And my students have to think in trillions. This is what we do. Every single class, we show charts and we're comparing this $7 trillion line item to this $38 trillion line item to this $64 trillion line item. The euro dollar system, $15 trillion in offshore dollar deposit claims, but another $60 trillion in FX swaps claims. These numbers are large. 350 trillion the quarterly number that comes from the international institute of finance it's a very large number but the system is built to roll …”View more
Ridealong summary
A mere 5 to 10% job loss could lead to catastrophic defaults and a financial crisis. Nik Bhatia explains that the current $350 trillion debt system is incredibly fragile, where even small disruptions can trigger massive consequences. The interim period of job losses presents a dangerous scenario for the economy, as many individuals still carry debt obligations.
What Bitcoin Did·This Is The Macro Reset | Nik Bhatia·Mar 18, 2026
“… silly reason around this construction, which was approved by Congress to try to get to basically put pressure on him. Right. And the idea of the Federal Reserve being independent is that you want long-term interests of American interest to be considered by the Federal Reserve and not be making decisions based on the short-term interest of the politician in office. And so you don't want to be goosing the American economy in a way that's going to have – Because an election is coming up. Exactly. So it looks good as sugar high, sort of perfect as an example. But but the difference is that the sugar high …”“… like sugar highs by getting, bullying Jerome Powell to lowering interest rates. When Jerome Powell wouldn't do it, he started to just lambast him left and right on truth social, saber rattling, threatening to fire him. And then they just looked for some silly reason around this construction, which was approved by Congress to try to get to basically put pressure on him. Right. And the idea of the Federal Reserve being independent is that you want long-term interests of American interest to be considered by the Federal Reserve and not be making decisions based on the short-term interest of the politician in office. And so you don't want to be goosing the American economy in a way that's going to have – Because an election is coming up. Exactly. So it looks good as sugar high, sort of perfect as an example. But but the difference is that the sugar high ends in a low. So it has long term harm. And so that's that was the whole idea of the Federal Reserve being independent, is that you really need the policy to be set on a long term basis in the American interest. And of course, by the way, Jerome Powell has no other interest than that. Right. It's not like it's not like he's sitting there playing …”View more
Ridealong summary
Donald Trump's attempts to pressure Federal Reserve Chair Jerome Powell to lower interest rates backfired, as a judge deemed his actions harassment. Trump's desire for short-term economic boosts through interest rate cuts clashed with the Fed's independence, highlighting the risks of prioritizing political gains over long-term economic health. This conflict illustrates the delicate balance between political influence and economic policy.
The Illegal News with Sarah Longwell·S2 Ep151: Trump’s Half-Baked Border Plan Collides With Legal Reality (w/ Andrew Weissmann)·Mar 17, 2026
Ridealong summary
In a surprising twist, a judge has blocked a subpoena against Federal Reserve Chair Jerome Powell, granting him a level of immunity from investigation. This ruling comes as Powell faces scrutiny over his handling of inflation and job data, potentially influencing future rate cuts. The Department of Justice is set to appeal, leading to a heated exchange that reflects the tension between legal authority and government oversight.
The Paul Barron Crypto Show·Market Meltdown📉Ethereum Skyrocketing🚀Crypto Update·Mar 16, 2026
“in Mexico at the Butterfly Biosphere Reserve in 2015. And they got like, I can't remember, like 30 or 40 acres of land just cut down before anyone knew what was going on. And since then, and we can't get into it here because it's really complex, but they have this very involved plan that they've been enacting since then of reforestation, including something called assisted migration that I don't fully understand yet, but I'm going to look into it more. They just drive slowly by some …”“in Mexico at the Butterfly Biosphere Reserve in 2015. And they got like, I can't remember, like 30 or 40 acres of land just cut down before anyone knew what was going on. And since then, and we can't get into it here because it's really complex, but they have this very involved plan that they've been enacting since then of reforestation, including something called assisted migration that I don't fully understand yet, but I'm going to look into it more. They just drive slowly by some butterflies and swipe them into the car and drive them halfway. Well, things are better now, but there were a billion butterflies in that migration in 1996. And in, I think, 2016, that was down to 35 million from a billion. And I think it's since gone up due to these efforts. That's good. Yeah. Butterflies, if you take down where they're trying to get …”View more
Ridealong summary
In this segment, we discuss the alarming decline of butterfly populations, particularly focusing on the migration crisis affecting the Monarch butterflies. With numbers dropping from a billion in 1996 to just 35 million in 2016 due to habitat loss, conservation efforts like reforestation and 'assisted migration' have become crucial. Additionally, we explore the fascinating diet of butterflies, revealing their need for minerals and nutrients beyond nectar, including their unique feeding habits involving puddles and even fruit.
Stuff You Should Know·Butterflies: Caterpillars with Wings!·Mar 20, 2026
“… good direction. And, well, if the labor market's softening, you need a job to pay for those things. Yeah. And this really creates a headache for the Federal Reserve because when the job market is weak, the Fed would like to lower interest rates and kind of goose the economy. But when inflation is high, the Fed wants to keep interest rates relatively high to bring prices under control. And right now they're really caught in this tug of war between, on the one hand, a very weak job market. We saw a net loss of 92,000 jobs in February and inflation that's moving in the wrong direction. And it's moving in the …”“… positive jobs reports except for January of 2025 which was partially Biden and partially Trump And, you know, we've talked about cost of living and high prices being the things that make it difficult for people to feel like the economy is going in a good direction. And, well, if the labor market's softening, you need a job to pay for those things. Yeah. And this really creates a headache for the Federal Reserve because when the job market is weak, the Fed would like to lower interest rates and kind of goose the economy. But when inflation is high, the Fed wants to keep interest rates relatively high to bring prices under control. And right now they're really caught in this tug of war between, on the one hand, a very weak job market. We saw a net loss of 92,000 jobs in February and inflation that's moving in the wrong direction. And it's moving in the wrong direction faster as a result of tariffs. And now this war with Iran. Yeah, it's interesting to see this sort of impact people differently. But when the cost of debt goes up, you see credit card debt increases. And that really impacts low-income consumers. But, Scott, we're also seeing a pretty substantial drop in the stock market, which we …”View more
Ridealong summary
The U.S. government must refund $166 billion collected from tariffs, impacting businesses and the economy significantly. As inflation rises and the job market weakens, the Federal Reserve faces a dilemma, trying to balance interest rates amid these economic pressures. This situation puts Republican candidates in a tough spot as they navigate cost of living issues ahead of the midterms.
The NPR Politics Podcast·The toll the war in Iran has on the U.S. economy·Mar 11, 2026
“Say you're out there. I've even seen some establishment GOP folks. You're out there and you're like, hey, you know, I don't like this Federal Reserve investigation into potential fraud in the contract. You're allowed to have that opinion. let the judge take a look judge janine takes a look there's nothing there fine it goes away you think the alternatives have judges now coming in squashing subpoenas where does that stop folks this i telling you i am very optimistic about the future gosh when you talk about liberty right to talk about it with a smile you live in the greatest country on earth …”“Say you're out there. I've even seen some establishment GOP folks. You're out there and you're like, hey, you know, I don't like this Federal Reserve investigation into potential fraud in the contract. You're allowed to have that opinion. let the judge take a look judge janine takes a look there's nothing there fine it goes away you think the alternatives have judges now coming in squashing subpoenas where does that stop folks this i telling you i am very optimistic about the future gosh when you talk about liberty right to talk about it with a smile you live in the greatest country on earth at the greatest time to be alive You just lived through the golden year of politics So much amazing stuff had happened. We were on the verge of unbelievable economic growth with quantum computing, AI, again, material sciences, energy technology, fusion. You were going to live through untold prosperity. But I want to be realistic with you too. The …”View more
Ridealong summary
Without voter ID measures, America risks losing electoral integrity, as 80% of the public supports these safeguards. Political maneuvers aim to disorient voters ahead of midterms, but the clock is ticking on critical legislation like the Save America Act. If these measures fail, the consequences could be dire for the future of our democracy.
The Dan Bongino Show·Joe Kent is Wrong, And So is His Explanation (Ep. 2475)·Mar 18, 2026
“… have a little bit of trauma from 2021 and 2022 when inflation rose so much after a decade when inflation was almost written off. And of course, the Federal Reserve also was slow to recognize that inflation shock. But I think a bunch of things are different now. 2021, 2022, we were obviously recovering from COVID. The global economy was gunning. That's not at all the situation now. We don't have the kind of fiscal stimulus that we had then. And so the global economic picture is genuinely weaker now. And if at the end of the day we're talking about a conflict that is a matter of one month or something like …”“… transient. You know what I mean? That it's not going to endure. And I wonder if you agree, because, you know, once prices go up, whatever the cause, they're really slow to come down. Yeah, Kai, I think that's a really important point. I think we all have a little bit of trauma from 2021 and 2022 when inflation rose so much after a decade when inflation was almost written off. And of course, the Federal Reserve also was slow to recognize that inflation shock. But I think a bunch of things are different now. 2021, 2022, we were obviously recovering from COVID. The global economy was gunning. That's not at all the situation now. We don't have the kind of fiscal stimulus that we had then. And so the global economic picture is genuinely weaker now. And if at the end of the day we're talking about a conflict that is a matter of one month or something like that, then I think the case for transitory is stronger. 30 seconds to answer this next question. What do you think is the bigger threat as it stands right now, the inflation threat or the threat to global growth?”View more
Ridealong summary
The ongoing war in Iran has drastically reduced global oil supply, raising concerns about lasting inflation. However, market expectations suggest that the economic fallout may be temporary, as analysts anticipate a quicker resolution. This perception is crucial for consumers, who are already feeling the pinch at the pump.
Marketplace·A shock to the oil system·Mar 23, 2026
“… or acting as a check on corporate power. This case feels like a pretty good test of whether the states can step up in the absence of Trump federal law enforcement. You have whatever is going on with our Department of Justice and our Federal Trade Commission, how are they going to operate their divisions? And then you have a bunch of states who are more active, who are pushing harder on a number of cases than maybe the federal government is. Are we seeing that dynamic equalize? Is that something that's going to last a long time? can they be effective in trying to fill that gap? Or is this …”“… of Live Nation and Ticketmaster. Now I want to talk about what might happen next, and broadly about antitrust policy in this, the second Trump administration, which seems to have proven that it has no interest in blocking mergers, breaking up big companies, or acting as a check on corporate power. This case feels like a pretty good test of whether the states can step up in the absence of Trump federal law enforcement. You have whatever is going on with our Department of Justice and our Federal Trade Commission, how are they going to operate their divisions? And then you have a bunch of states who are more active, who are pushing harder on a number of cases than maybe the federal government is. Are we seeing that dynamic equalize? Is that something that's going to last a long time? can they be effective in trying to fill that gap? Or is this sort of a temporary Trump flip? I think this is not necessarily a new role for the states. States have always kind of served as this backstop for the federal government's antitrust enforcement. We saw the states move forward the case against the T-Mobile Sprint merger, which obviously didn't end up going in their favor, but they were the ones to …”View more
Ridealong summary
States are stepping up to challenge Ticketmaster's dominance as federal antitrust enforcement under Trump falters. With fewer resources but strong political incentives, can they effectively pursue cases against corporate giants like Live Nation? This situation raises questions about the future of antitrust policy and state versus federal power.
Decoder with Nilay Patel·Everyone hates Ticketmaster. Why'd Trump go easy on them?·Mar 26, 2026
“… steven miller set it up i think that most citizens probably assume that there's some verification process that takes place for the receipt of most federal benefits the reality is is that there is not this is particularly true in blue states willfully true in blue states in which all of these programs are operated entirely on the honor system no verification takes place before individuals are enrolled in or receive these benefits democrats bring foreigners into the country by the million remove all verification requirements and quickly hook them up to your bank account. That's what they do. That's …”“… to chop away out. Here's something good. I mean, don't me wrong all these things that happen that are good there's a part of them that's also terrible because you say to yourself wait what what were we doing before but well let me set it up i'll let steven miller set it up i think that most citizens probably assume that there's some verification process that takes place for the receipt of most federal benefits the reality is is that there is not this is particularly true in blue states willfully true in blue states in which all of these programs are operated entirely on the honor system no verification takes place before individuals are enrolled in or receive these benefits democrats bring foreigners into the country by the million remove all verification requirements and quickly hook them up to your bank account. That's what they do. That's how evil the Democrat Party is now. That's the bad news. The good news is J.D. Vance has been put in charge. A lot of the anti-fraud protections that existed in our government for a very long time were actually turned off by the Biden administration. So we think fraud has been a problem for a long time. It became a massive, massive problem under …”View more
Ridealong summary
Many citizens believe there's a verification process for federal benefits, but the shocking reality is that in many blue states, there's none. This lack of oversight has allowed rampant fraud, particularly during the Biden administration, which intentionally disabled anti-fraud protections. Fortunately, with J.D. Vance now in charge, efforts are underway to restore these protections and combat the fraud epidemic.
The Jesse Kelly Show·Hour 1: Servants of the Swamp·Mar 28, 2026
“… are risky, yet regular people are too risky, venture capitalists and banks that are getting desperate and need an overnight shot of capital from the Federal Reserve's overnight repurchase facility or discount window. Two worrying indicators of bank stress I need to get into in the future. No, no, no. The money does not exist for you or me or a person even. Money is for entities that could potentially funnel more money into the economy, even if the ways that these entities use the money are reckless and foolhardy because the system's intent on keeping entities alive incentivizes it. We're in an era where …”“… means for the average person to accumulate wealth in any way, shape, or form. The money does exist. It just exists for those that want to gamble, private equity firms, business development companies that exist to give money to other companies that are risky, yet regular people are too risky, venture capitalists and banks that are getting desperate and need an overnight shot of capital from the Federal Reserve's overnight repurchase facility or discount window. Two worrying indicators of bank stress I need to get into in the future. No, no, no. The money does not exist for you or me or a person even. Money is for entities that could potentially funnel more money into the economy, even if the ways that these entities use the money are reckless and foolhardy because the system's intent on keeping entities alive incentivizes it. We're in an era where the average person is told to pull up their bootstraps, to work harder, to struggle more because as Martin Luther King Jr. once said, it's socialism for the rich and rugged free market capitalism for the poor. The free market is a fucking con. When you or I run out of money,”View more
Ridealong summary
The financial system is rigged to benefit the wealthy while leaving the average person struggling. As tech companies prioritize growth over solving real-world problems, essential services like housing and healthcare remain underfunded. This stark reality reveals a system where money flows to risky entities, not individuals, exposing the inequality at the heart of capitalism.
Better Offline·The Enshittifinancial Crisis: Part One·Jan 20, 2026
“… is a real hesitancy in the business community to spend money because of all the uncertainty. These are signals that traditionally would say to the Federal Reserve, hey, we got to cut rates to stimulate the economy. Correct? Usually. Yes, usually. The problem is that at the same time, we have oil prices jumping by, like, I don't know what the percentage is. I think we had a 25 cent per gallon increase this week alone in price of gas. And we have a war in the Middle East, which is about to mess up huge swaths of the global economy. Not just oil, not just energy, but trade and commodities like aluminum. You …”“… a lot harder recently. So I want to walk us then into the trap that America seems to be sleepwalking into. So we have we're going backwards in terms of job creation. It is getting harder for people to find jobs once they've been unemployed. There is a real hesitancy in the business community to spend money because of all the uncertainty. These are signals that traditionally would say to the Federal Reserve, hey, we got to cut rates to stimulate the economy. Correct? Usually. Yes, usually. The problem is that at the same time, we have oil prices jumping by, like, I don't know what the percentage is. I think we had a 25 cent per gallon increase this week alone in price of gas. And we have a war in the Middle East, which is about to mess up huge swaths of the global economy. Not just oil, not just energy, but trade and commodities like aluminum. You mentioned aluminum already. We'll talk about that. Fertilizer, which is a precursor for food production. And so it sure seems like in the short run, we are headed towards a bunch of inflationary pressures. And so, again, I'm just a guy on YouTube, but it seems like a moment in which the economy is slowing and moving backwards and the Fed wants to …”View more
Ridealong summary
The U.S. job market is facing a perilous situation where it's becoming increasingly difficult for the unemployed to find new work, even as overall unemployment remains relatively low. This is compounded by rising oil prices and global tensions, creating a scenario where the Federal Reserve may struggle to stimulate the economy without igniting further inflation. The combination of job loss and inflationary pressures could spell trouble for the economy's recovery.