The Bulwark Podcast S2 Ep1036: Jonathan V. Last: An Economic Tsunami Is Coming
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May 6, 2025 
Jonathan V. Last, Editor of The Bulwark and political commentator, shares his insights on the looming economic storm. He discusses the significant reduction in shipping traffic due to trade policies, which could lead to consumer shortages and soaring prices. Last highlights the troubling transformation of the U.S. economy into one riddled with corruption, especially regarding cryptocurrency ties to Trump. The conversation also touches on implications for American jobs and industries amidst a wavering political landscape, providing a mix of urgency and dark humor.
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Bribing Trump via Crypto Coins
- Freight Technologies, a small logistics company, is using bonds to buy $20 million in Trump crypto coins as a bribe.
- This highlights the blatant corruption emerging where companies pay the president directly for favorable treatment.
Trump's Corrupt Oligarchy Economy
- The new American economy under Trump is a corrupt oligarchy favoring companies who pay bribes.
- Trump treats the economy like his own department store, deciding prices and favors arbitrarily.
Crypto Fuels Industrial Corruption
- The Trump administration favors full deregulation of crypto, perfect for Trump as crypto lacks real value.
- Crypto enables large-scale corruption with billions transferred digitally without physical currency showing.