This week, Saagar reacts to the NASA UFO report. James Li sheds light on the sinister tactics of the Federal Reserve to combat inflation. Max Alvarez interviews UAW worker Chris Falzoni as the strike against the Big Three begins. The podcast covers topics like interest rate manipulation by the Federal Reserve, corporate influence in politics, and the disparity in wages for auto workers. It also discusses the unfair treatment of temporary workers.
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Quick takeaways
The NASA UFO report emphasizes the need for more data collection and the establishment of a dedicated administrator within NASA to study and understand unidentified aerial phenomena (UAP).
The decision by the Federal Reserve to raise interest rates has sparked conspiracy theories, suggesting intentional recession induction and manipulation of economic metrics to favor the wealthy.
Deep dives
NASA UFO Report: No Evidence of Extraterrestrial Origin
The NASA UFO report, consisting of about 40 pages, did not find any evidence that unidentified aerial phenomena (UAP) have an extraterrestrial origin. However, the report highlights the need to gather more data through the use of artificial intelligence and machine learning to better understand UAP. It also mentions the establishment of a dedicated administrator for the UAP phenomenon within NASA to study and collect data on these occurrences.
Federal Reserve Raises Key Interest Rate
The Federal Reserve has raised its key interest rate by a quarter of a percentage point, marking the 11th increase since March of last year. The rate hike brings interest rates to the highest level they have been in 22 years. The Federal Reserve Chair, Jerome Powell, stated that additional rate hikes may be possible before the end of the year to combat high inflation. The decision to raise rates has sparked conspiracy theories, suggesting that the Fed is intentionally inducing a recession or manipulating economic metrics to favor the wealthy.
United Auto Workers Prepares for Contract Fight
As the United Auto Workers Union faces contract negotiations with the Big Three automakers, workers are preparing for a potential strike. The union is demanding higher wages, shorter workweeks, an end to the tiered wage system, and the restoration of benefits lost during the Great Recession. Auto workers emphasize their struggle with low pay, long hours, and lack of job security, while the companies have recorded massive profits and increased executive pay. A strike would aim to address these disparities and secure a fair contract for workers.
This week Saagar breaks down the NASA UFO report, James Li looks at something more sinister going on with The Federal Reserve's tactics to bring inflation down, and Max Alvarez interviews UAW worker Chris Falzoni as the strike against the Big Three begins.