Nearly half of Americans struggle to pay their bills as inflation bites. The discussion draws a stark comparison with India's populist politics under Modi. There’s a deep dive into the negative job growth in small businesses and a looming recession despite low unemployment numbers. The reliability of current economic indicators is questioned, while a call for reviving the gold standard as a stabilizing force against federal deficits takes center stage. The podcast concludes with a critical look at the costs of American military interventions and their economic implications.

Stephan Livera, an expert in Austrian economics and cryptocurrency, shares his fascinating journey from Keynesian education to embracing anarcho-capitalist views. He introduces essential resources for newcomers to Austrian economics and reflects on the importance of community in Bitcoin discussions. Stephan discusses the challenges of creating a successful Bitcoin podcast while balancing a full-time job, and he provides insights on engaging audiences without being an expert. He also reflects on his transition from Australia to Dubai during the pandemic, highlighting favorable tax conditions.

Unemployment has surged to 4.3%, with most Americans believing we're in a recession. Japan's carrying trade is in jeopardy, and market fluctuations raise fears reminiscent of 1987 and 2008. Household debt has skyrocketed to a staggering $17.8 trillion, indicating potential economic peril. The discussion covers alarming economic forecasts, including the impact of inflation and government policies on job creation, revealing a troubling snapshot of today's financial landscape.

Jeff Tucker, an economic expert associated with the Brownstone Institute, dives into the intricacies of Weimar inflation and contemporary economic parallels. He discusses the historical chaos of the Weimar Republic and its impact on democracy. Tucker draws comparisons between wartime economies of WWI and COVID-19, exploring government spending and policies. He also critiques current inflation metrics, revealing discrepancies in reported data versus real costs, especially in housing and healthcare. The insights challenge traditional economic narratives and encourage a deeper understanding of inflation.

This week delves into Thailand's controversial voter bribery linked to a central bank digital currency. Young Americans are increasingly living with their parents, reminiscent of the 1940s. Meanwhile, Japan faces a demographic crisis with nearly a million people lost to population decline. Trump proposes a strategic Bitcoin reserve as a response to economic shifts. Lastly, Yellen's ambitious call for $75 trillion to combat climate change raises eyebrows and debates about fiscal responsibility.

In this engaging talk, Lina Seiche, an entrepreneur from Germany, shares her journey of building a business in El Salvador. She discusses how her childhood dreams led her to embrace the optimistic culture there. Lina highlights the evolution from Bitcoin-themed comics to a plushie business, along with insights on manufacturing challenges and community connections. She sheds light on ideological alignment in teams and contrasts safety perceptions in El Salvador versus the U.S., offering a refreshing take on life under President Bukele.

This week discusses major banks warning of impending economic disaster amid concerns of stagflation. Political shifts are highlighted, particularly Kamala Harris's rising influence ahead of the elections. The housing crisis intensifies, with unpaid rent soaring and families struggling to stay afloat. Canada's economic downturn is stark, marked by rising debt and living standards at risk. Finally, the podcast delves into the historical consequences of abandoning the gold standard, urging a critical look at current monetary practices.

Tho Bishop, Content Director at the Ludwig von Mises Institute, dives deep into the chaotic political landscape following Biden's resignation. He discusses the internal conflicts within the Democratic Party and the potential rise of figures like Kamala Harris. Bishop also examines how Bitcoin could reshape voting dynamics, propose financial growth policies, and influence the Republican strategy in tackling inflation. With unpredictable election surprises on the horizon, he stresses the need for informed engagement in evolving political narratives.

Weekly Roundup of this week's top Economics stories.In this Episode:- The Stakes Just Went up- Japan's Dollar Fire-Sale- Biden Proposes Nationwide Rent Control- Trump's Second-Term Economic Plan- 500,000 Layoffs in Big TechRead the full article "Trump's Second-Term Economic Plan" with charts and all the gory details at www.profstonge.com.Visit our Lead Sponsor: UnchainedKeep your Bitcoin safe and minimize your taxes. Open a Bitcoin IRA for just 21c with code AUGUSTIRAVisit our Sponsor: ITM TradingInflation and crisis are coming for your retirement. Get your free report the War on Retirement.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the show

EJ Antoni from Heritage Foundation talks about inflation, jobs, and the looming Commercial Real Estate disaster. They discuss government actions, unsustainable consumer spending, and concerns about future crises. Also covered are topics like valuing assets, banking regulations, and dynamics within the current administration.