Clip
President Prescott Discusses Possibility of Recession
39:23 - 41:32 (02:08)
President Prescott speaks to an analyst about his confusion regarding an upcoming recession, as the performance of the airline industry and the stock market dip do not align. The analyst suggests that someone is shorting the U.S. market in preparation for a 9/11-style attack, leading to a massive cash out by wealthy individuals with domestic bank accounts.
Similar Clips
The Federal Reserve aims to prevent inflationary psychology from taking hold in the economy, in order to avoid a painful recession to stamp out inflation.
22:55 - 25:20 (02:25)
Summary
The Federal Reserve aims to prevent inflationary psychology from taking hold in the economy, in order to avoid a painful recession to stamp out inflation. A possible solution to vanquish inflation could be through a recession, although not favorable.
ChapterInflation and Psychology
EpisodeHow Expecting Inflation Can Actually Create More Inflation
PodcastThe Daily
In the 1930s, wealthy Americans were agitated by the idea of President FDR's taxation policies and some even wanted him to be removed from office.
16:04 - 20:23 (04:19)
Summary
In the 1930s, wealthy Americans were agitated by the idea of President FDR's taxation policies and some even wanted him to be removed from office. This led to a dangerous plan to overthrow the U.S government known as the Business Plot of 1933.
ChapterThe Plot to Overthrow FDR
EpisodeBehind the Insurrections - The Business Plot: When Rich Fascists Almost Took Over America
PodcastBehind the Bastards
Check out "How to Money" for practical financial advice and "The Manawalk Caves" for real-life stories and inspiration.
11:46 - 16:03 (04:17)
Summary
Check out "How to Money" for practical financial advice and "The Manawalk Caves" for real-life stories and inspiration.
ChapterTwo Podcast Recommendations
EpisodeSelects: What's the misery index?
PodcastStuff You Should Know
The question of whether Trump's handling of the pandemic will resemble a Hoover or FDR during a potential recession or depression is still up for debate.
1:07:40 - 1:09:22 (01:41)
Summary
The question of whether Trump's handling of the pandemic will resemble a Hoover or FDR during a potential recession or depression is still up for debate. While Trump has pivoted and appeared more proactive during daily briefings, a misstep such as easing lockdown measures too soon could be politically dangerous for him.
ChapterEconomic Recession and Political Ramifications
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this episode, host Michael Casey speaks with Matthew McDermott, Head of Global Digital Assets at Goldman Sachs, on the changes in the crypto space over the past year and Goldman Sachs' involvement.
09:45 - 13:52 (04:06)
Summary
In this episode, host Michael Casey speaks with Matthew McDermott, Head of Global Digital Assets at Goldman Sachs, on the changes in the crypto space over the past year and Goldman Sachs' involvement. They discuss Goldman Sachs' exploration and development of a bitcoin trading desk and a digital assets initiative.