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Send us Fan Mail I turned on an emergency stream because Bibi Netanyahu just said the quiet part out loud, and I need you to be ready for what comes next. At an IDF officer course graduation ceremony, Netanyahu claimed Iran is once again attempting to develop a nuclear weapon, and then said there is only one way to remove the threat once and for all. Overthrow the regime in Iran. He said that is his directive to the IDF, Mossad, and the security branches. He followed it with a post saying that together with President Trump he will complete the mission and bring down the Iranian regime. I have heard the claim that Iran is weeks away from a bomb for my entire life. 1993. 1995. 1999. 2004. 2006. 2012. And now 2026. Recognize the pattern or do not, that part is on you. The timing matters though. Netanyahu and Likud are facing an election within days, there is pressure on him from people who want him to be even more hawkish, and we are weeks out from our own midterms. The floor is being laid for this war to continue past November. I am not a financial advisor. I am telling you exactly what I am doing. Three things for your lifestyle and three for your finances. On lifestyle. One, lock in with an energy audit. Find your drafts, your window cracks, your insulation gaps, and get your heating oil tank filled now if you have not already. Two, it is cutting season. Subscriptions, extras, habits, vices, the thermostat at 71 degrees. Cut them. Three, produce it. Plan the garden for spring, get a cold frame going for leafy greens, put garlic in the ground, look into hydroponics if you are indoors. Food prices went up at the start of this war and they are going up again. On finances. One, hedge inflation. A high yield savings account is the easiest move anyone can make today, and if your money is sitting in a regular savings account getting eaten alive, move it. Beyond that I look at gold and silver as dollar insurance, inflation protected bonds, and hard assets. Two, energy and commodity exposure, which is where you can draw your own moral line, and I am not here to draw it for you. Three, diversify. The S&P 500 is up roughly 1,200 points off its April low, and my read on that is AI and inflation, neither of which is going anywhere. All of this is stupid and I hate that we have to talk about it. As someone who served, I do not think any of us should have to move our money around based on people dying. But you still have to survive an inflationary economy, and I would rather you be ready than surprised. The majority of what this channel earns on YouTube, after expenses, goes to the Milford food bank. Subscribe and join the Dollar Club to keep independent media alive. Support the show

Send us Fan Mail I got Julian Dorey and Tommy G on at the same time, two of the hardest working people in this space, and we spent an hour on one question. What would it actually take to change this country? Tommy opened with his answer. We need a flashpoint. Something that gets young people united in the streets regardless of party. Julian pushed back, and his pushback is worth hearing. We have had plenty of flashpoints this year and nothing moved. He also made the case that revolutions almost never end the way people imagine they will, and that America is one of the very few places in history where it actually worked. Then we got into what they are each working on. Tommy is digging into Epstein’s lawyers and accountant, the men who were named co-executors of the estate roughly 48 hours before he died, each in line for tens of millions, and who would have seen every financial transaction. He also wants to talk to Denise George, the former US Virgin Islands attorney general who went after the estate and recovered $105 million, most of which went to tax settlements rather than the victims. Julian added that the accountant named several high profile clients in congressional testimony, which is a thread almost nobody has pulled. Tommy also talked about Mississippi, a homeless camp, an organization called Operation Good that walks into areas where gun violence is about to happen and tries to stop it before it starts, and why he is using his audience to fundraise for people doing that work. The second half is the part I keep thinking about. Julian’s point on complacency is that people now have just enough comfort to make everything else tolerable. A place to sleep, a streaming subscription, food delivered, and a phone to scroll until tomorrow. That is enough to keep anyone from acting. His test for it is simple. On your deathbed, is this stretch of your life a highlight or a lowlight? Tommy’s answer to that is what I loved. I can’t boil the ocean but I can boil my pot. Know your neighbors. Run the men’s group. Be the guy with the chainsaw when the tree falls. Coach the wrestling team like it matters. Social media has broken our sense of what an effect even is, and reaching three people well is still a real thing. And then we landed on the fix, which Julian laid out plainly. Term limits and getting money out of politics would solve about 90% of this overnight. The problem is the exact people who would have to pass it are the ones who benefit most from it never passing. So we talked about the general strike question, whether it is realistic, who would actually have to participate, and the enormous group of disengaged young men in both rural and urban America who have the numbers to move the entire country and do not believe they have any power at all. Book recommendations are in here too. River of Doubt, The Worst Hard Time, the H.W. Brands and Isaacson biographies of Ben Franklin, Our First Civil War, and Dungeon Crawler Carl. Go follow Julian Dorey and Tommy G. Both of them are doing real work. Minisode three. Subscribe and join the Dollar Club to keep independent media alive. Support the show

Send us Fan Mail We have a diesel deal that turned out to be a nothing sandwich, a ceasefire nobody actually agreed to, a 3D printed salmon with no fish in it, and two pieces of real data that dropped yesterday and this morning. We start with Trump at a midterm rally saying out loud that he could say the stupidest things and the crowd would still clap. I think that is the most honest thing he has said in a while, and it frames everything that follows. On the diesel deal with Putin, people ran the math. Trump described it in tons instead of barrels, and once you convert it, you find out it works out to roughly 18 to 20 minutes worth of diesel released to global markets over a two and a half month span. Not to America. To global markets. Then he turned around and blamed Ukraine for our diesel prices. This war has been going since 2023. Our prices started climbing in February of this year. Do that math too. Ukraine responded by hitting three Yandex data centers, and Zelensky claimed it suddenly got easier to breathe on social media because the bots went quiet. There is some evidence for it, including a visible drop in impressions on major accounts, but there is also a strong case that what actually went offline was web crawler traffic. Every country runs PR, Ukraine included, so I am laying out both sides. Then Trump announced an energy ceasefire on Truth Social that Zelensky says he found out about through the media, and when asked why both sides deny agreeing to it, he said they agreed because I said they agreed. On the September CPI, inflation came in at 3.7% year over year, higher than the last two months, and energy is the driver. Fuel oil is up 74.2% in twelve months. Gasoline is up 34.2%. Electricity is up 4.4%, which I do not believe for a second based on what people are actually paying. And I explain owner equivalent rent, which is how shelter gets measured. They call homeowners and ask them to guess what their house could rent for, then compare that guess to last year’s guess. More than a third of this data comes from surveys like that. Then the good news, and it is real. The NAR affordability index shows the median existing single family home peaked at $448,800 in June and has come down every month since, to roughly $422,700 in September preliminary data. Three straight months of declines. On top of that, 14.5% of home purchase agreements fell through in September, the highest September on record, with only March and April of 2020 running higher. Rates jumping from 6.75% to 7.5% is the cause, and I had two clients personally lose their contracts over it. But I also explain why prices are not falling faster despite the biggest seller to buyer gap on record. The answer is motivation. In 2008 we had 4 million homes on the market and 3.5 million of them belonged to people who had lost jobs and had to sell. Today we have 1.16 million listings, about 485,000 of which are new construction, leaving roughly 650,000 real sellers who mostly have low payments and no reason to move. Lennar has even been found buying back its own unsold homes through a separate LLC and renting them out. Builders are also handing out $40,000 to $50,000 in closing cost assistance, which never shows up in the price data. So prices are coming down. Not because the market got healthy, but because high rates finally broke demand. And this data lags six to eight months, which means it is likely already lower than what we are seeing. Support the show

Send us Fan Mail Freddie Smith came back on for our second minisode and we spent the whole hour on one question. Can the housing market actually be fixed? We started with the grieving process. Freddie made the point that if inflation and home prices had taken fifteen years to get where they are, we would have slowly adjusted. Still been getting screwed, just in smaller pieces. Instead it happened all at once between 2022 and 2026, and that speed is what made it so devastating. He also pointed out something I have noticed too. In 2023 his comment sections were split. In 2026 almost everyone agrees the system is broken. That shift matters. Then we got into solutions, and Freddie made it clear he does not think a single policy saves us. His big one is eliminating federal income tax on the first $100,000 of everyone’s income and making up the difference at the top. His argument is that for someone making ten million a year, groceries and gas and health care are effectively free, while for someone making 100K that same tax burden is the difference between a down payment and nothing. I brought up mine, which is charging investors a fee at closing on any property they buy to profit from, capping single family ownership at twenty homes, and requiring purchases to be made under a Social Security number instead of a shell company. If we had charged a 3.5% fee on long term investor purchases over just the last three years, we would have had enough to put 4.2 million first time buyers in homes with $15,000 in down payment assistance. We also walked through why builders are not building. Regulatory costs on an average new home have jumped more than 40% in five years. On a $420,000 build you are roughly $131,000 in before a single shingle is ordered, up from $96,000 in 2023. Profit margins do not really work until you get past 2,450 square feet, which is exactly why nobody is building the small starter homes Gen Z would actually buy. I pulled up the August monthly Treasury statement live. Individual income tax for fiscal year 2026 came in at $2.5 trillion. Corporate income tax came in at $295 billion. Sit with that ratio for a second. And we closed on what comes next. Death and divorce. I have clients right now who are divorced and still living together because neither one can qualify for a mortgage alone. Then the boomer die off somewhere around 2032 to 2038, a birth rate that is not recovering, and net negative immigration. Freddie thinks the market just stays frozen as long as rates sit here, and his advice is pay down debt, stack cash, and wait. Go follow Freddie Smith on TikTok, Instagram, YouTube, and Facebook, and grab his book Generation F’d, out now at Barnes and Noble and Amazon. Minisode two. Next week we have two surprise guests. Subscribe and join the Dollar Club to keep independent media alive. Support the show

Send us Fan Mail I want to start with my buddy Jared. I sold him a home in Kent County Delaware in the summer of 2022 for $267,000 when he was making $63,000 a year. Four years later he built a software company, works harder than almost anyone I know, and now makes $127,000. More than double. His home is now worth $410,000. If I tried to requalify him today, for his own house, he would not qualify. He has a $1,500 mortgage and nowhere to go, because selling it and buying something comparable would nearly double his payment even if he rolled all his equity in. That is the economy in one story. So I want to ask you honestly. Is the American dream still alive? Then Iran, month eight of what we were told would be two to four weeks. Mr. Global has been the best follow of this entire war and his latest update is worth sitting with. A tanker struck 300 miles west of the Strait of Hormuz, in port, with casualties. Fourteen tankers hit in a single week. Ship to ship transfers happening at sea because nobody wants to take a full size tanker deep into the Gulf anymore, which means you now need two or three tankers to move what one used to. Shipping rates have gone from $30,000 to $50,000 a day to over $1 million a day. One tanker run from the United States to China just went for $72 million. Crews are reportedly being paid $100,000 a month plus a $50,000 bonus to make the run. None of that is sustainable and all of it lands in your grocery bill. On housing, I pulled up the National Association of Realtors affordability index live. Median existing single family home went from $394,100 in 2023 to $412,500 in 2024 to $419,300 in 2025 and sits at $434,800 as of the August data, which does not even include the September rate jump to 7.5%. And I need you to internalize this. If inflation drops to 1%, prices did not come down. They went up 1%. That is all it means. The actual problem is that wages never caught up, and nothing in Washington is fixing that. Then I get into the theory I laid out on our Dark Money Breakdowns channel. I call it the dog kicker. There is an old Powerpuff Girls episode where a boy keeps heroically saving dogs from traffic, until someone realizes he has been kicking them into the road himself. I think that is the play. Kick the economy, hand the legislature to the Democrats in the midterms, let it crack in 2027 or 2028, point at the scapegoat, and bring in the hero. And I think the hero they have teed up is funded by the same people building the surveillance infrastructure. Look at the pattern. 1907 panic gave us the Federal Reserve. 1929 gave us 1933 and gold confiscation. The savings and loan crisis gave us Reaganomics. 2008 and Covid gave us $7.5 trillion in printing. Every single crisis, something gets taken. That is why I have been saying own an asset for four years. That is why I keep telling you to hold gold and silver. I ended this one in a weird headspace, because somewhere in editing that video it stopped feeling like a puzzle I was solving and started feeling like the world I am raising my daughter in. So take care of your body, your brain, your spirit, and then your wallet. Serve the person to your left and your right. That is whole wealth and it is the part nobody can take from you. Support the show

Send us Fan Mail Five things Trump said this week that are worth sitting with, an AI development that genuinely rattled me, and our full reaction to the FlyDubai story. We open with the numbers because the numbers do not spin. The August Monthly Treasury Statement is out and we are running a $167 billion deficit in a single month. Tariff revenue comes in fourth on the receipts sheet, below Miscellaneous. You would have to multiply our tariff income by twelve just to break even for one month. Meanwhile the fiscal year 2026 deficit is already at $1.966 trillion. So when the president promises $5,000 checks for every adult citizen if Republicans win the midterms, understand what that actually costs. $1.68 trillion. And understand what he said would happen if they lose. A 1929 disaster. Those are his words. Then we played the rest. The bayer aspirin ramble and the 386 milligram pill that does not exist. The line about letting them take out Los Angeles, letting them take out San Diego, because it is a small price to pay. The admission that he loves the inflation. And the war that is ending immediately after the election except it might go a little longer and there will be attacks after the midterms. I want you to hear all of it in one sitting, because individually these get buried under the next headline, and together they tell a very different story. Sean also walked me through something I had not seen. People are using AI to reverse engineer the code of two separate video games and stitch them together. Spider Man swinging through Arkham Gotham. If AI can deconstruct a game engine that fast, the obvious next question is what else it can deconstruct, and nobody seems to be talking about that. And we closed on FlyDubai with James Li's breakdown. An Omani pilot who is not permitted to fly into Israel. A plane that dropped 18,000 feet in under a minute with no injuries, no luggage out of the bins, and a full glass of water sitting upright on a tray table. A passenger in a blood soaked shirt standing in front of Netanyahu hours later saying he learned to level out a nosedive from watching a TV show. I am not telling you what happened. I am telling you the story we are being handed leaves you with more questions at the end than you had at the beginning. I ended this one talking about mourning. I think a lot of Americans have figured out the American dream is dead, and nobody ever gave them a funeral. No closure, no ceremony, just a phone and a few people around you who see it too. If that is where you are at, I want you to know that caring that much is the most patriotic thing about you. Take care of yourself first so you can take care of the people to your left and your right. Support the show

Send us Fan Mail I got James Li on the stream and we covered a lot of ground. He is one of the best independent journalists working right now, 5149 on every platform, and he does it as a one man operation with no producers, no editors, and no researchers. We opened on Israel and the 9/11 overlap, the Greater Israel Project, the cyber bill that just merged the American and Israeli military intelligence apparatus, and why James thinks this is the last administration that gets to offer unconditional support before the public shift makes it politically impossible. Then we got into the FlyDubai story, and James walked through it piece by piece. An Omani national in the cockpit on a flight to Tel Aviv, a country he is not supposed to be able to fly into. A CNN aviation expert saying on air that the numbers suggest the plane should have come apart. A passenger telling Netanyahu he learned to pull a plane out of a nosedive from watching Air Crash Investigation. No injuries on a full flight, no oxygen masks deployed, and a cup of water still sitting upright on a tray table. James is not telling you what happened. He is telling you what does not add up, and that is the part worth paying attention to. From there we went to AI. The flock cameras, the data centers steamrolling city council votes, the people getting misidentified and jailed with no due process and no recourse. And James made a point that stuck with me. The AI whistleblowers who went on prime time saying this technology might end humanity got red carpet treatment. Real whistleblowers get threatened, sued, and destroyed. That contrast tells you what kind of story you are actually being sold. We also compared notes on what broke us. For me it was the Federal Reserve. For James it was the 2016 primary and then Covid. We talked about trust in government sitting around 14%, whether there was ever a point we should have been trusting these institutions, and whether the people still have a real shot at taking this back. And he ended where I always end up too. Get the money out of politics. Ban the foreign lobbies, ban the corporate lobbies, publicly fund the campaigns, and let them fight it out in the court of public opinion. There is no counterargument to that one. There just isn't. Support the show

Send us Fan Mail Have you heard much about Epstein lately? Not really. Plenty about the war, plenty about inflation, plenty about everything else. So today I am giving you my 15 reasons why we need to keep talking about it, and I am laying every one of them out with sourcing on the corruption map. We start with the come up that makes no sense. Teaching math and physics at the elite Dalton School with no degree. Hired at Bear Stearns with no degree, worked up to limited partner, then resigned in 1981 over a fraudulent loan and passing IPO information to a girlfriend. Five years later he is running the finances of a billionaire. Then there is the Zorro Trust claiming an $85 million Powerball ticket in Oklahoma in 2008, with a notarized power of attorney naming Epstein as trustee, and a Google AI overview that flatly says he did not win the lottery with no source attached. From there we walk through Robert Kraft's Palm Beach County case and the attorney he shared with Epstein. The national security excuse that got breezed past when the files were first delayed. The 17 year friendship people want to wave away. Robert Maxwell's work for the Rothschilds on the Macmillan takeover, his death off the Canary Islands, and the funeral in Jerusalem attended by a prime minister, a president, and multiple Mossad heads. The New Mexico probe that reopened and then went quiet. The whistleblower email about Zorro Ranch. JPMorgan's settlement with victims and Jes Staley's lifetime ban and £1.1 million fine in the UK, not here. And we close on Kevin Warsh. Federal Reserve chairman. On the board from 2006 through 2011, now running the whole thing. His wife is Jane Lauder. Her father is Ron Lauder, who helped fund Netanyahu into power and who attended a Christmas party in Saint Barts hosted by Jeffrey Epstein. Some crimes get tolerated because stopping them would destabilize the system they thrive on. So my question is simple. What else is being allowed right now because it is cheaper than stopping it? If I missed something, put it in the comments with sourcing. This works better when we build it together. Support the show

Send us Fan Mail Three things on the table today. The bond market that keeps threatening to crack, a brand new Senate housing bill that would put $50,000 in first time homebuyers pockets, and a proposed 90 day ban on American diesel exports that would ripple across the entire globe. We start with a Bloomberg clip where an analyst says 7% rates are historically normal and consumers just do not want to buy this market. Both statements are technically true and completely disconnected from reality. In June 2001 we had these same rates. The national debt was $5.8 trillion, the median home was $150,900, and 38% of median income went toward shelter. Today the debt is $40.2 trillion, the median home is $406,000, and 45% of median income goes toward shelter. Same rate, completely different world. Then the amortization math that should make you sick. On a median home today, your payment is $3,168 and only $297 of that goes toward principal. The rest goes to the bank. Over 30 years that $406,000 home costs you just under a million dollars. We break down the Homeownership Promise Act from Ron Wyden and Jeff Merkley. A 5 to 1 federal match up to $50,000 for first time buyers, limited to homes under the local median price. I read the actual bill, explain what it could do for builder incentives, and where I think it falls short. And we close on diesel. The White House is reportedly preparing a 90 day export ban ahead of the midterms. Russia just extended its own. Together that is 30% of global seaborne diesel exports off the table. Mr. Global breaks down exactly why that would drop US prices briefly and then break supply chains worldwide. Meanwhile Ukraine has now hit three Russian refineries in a week, which is why I do not think diesel is done going up. Support the show

Send us Fan Mail Will home prices drop in 2027? Will mortgage rates come down? Is a crash coming? I am a full time real estate agent and I am going to give you the honest answers, including some advice you will not hear from any other realtor. We start by grading our 2026 predictions. We called max 2% price compression, mortgage rates not hitting 4%, and investors buying around 30% of homes. We are sitting at about 5.9 out of 6 on those. Then we get into where we actually are right now. 96% of mayors surveyed say their residents are very or extremely concerned about affordability. The qualifying income for a median home just hit $108,288. Housing inventory is at 1.14 million, but nearly half of that is new construction, not panic selling, which is why I still do not believe a crash is coming. I also react to a viral realtor clip telling people to buy now and refinance later, and explain exactly why marry the home and date the rate is some of the worst advice given during Covid and why people who bought between 2022 and 2025 are feeling the most pressure right now. Then I give you three tips. The best location to buy, the best mortgage program to use, and the best type of home to buy for the money. And I close with the thing no realtor will say out loud. Right now the median three bedroom rent in America is about $2,000 a month, while the interest alone on a median priced home is $2,271. Not the payment. The interest. If you can live with family or bunk with friends while you save, do it, and do not let anyone make you feel silly about it. Plus my three predictions for 2027. Energy and bonds being the story of the year, the resilient consumer finally breaking, and where rents and rates actually head next. Support the show

Send us Fan Mail Delaware has a problem and it comes down to three things. Housing, jobs, and retirement. Today I break all three down and then sit with Michael Smith, Democrat candidate for Delaware State Treasurer, to ask him what he actually plans to do about it. Here is where we are. Bloomberg just named Delaware the rising number one retirement state in the country and nobody told the people who already live here. Sussex County population is up 17% since 2020, growing five times faster than the US average. The median homebuyer in southern Delaware is now 54.5 years old. Since 2019 the median household income in Kent County went up about 19.6% while the median home price went up 96%. That math does not work for anybody trying to start a life here. On jobs, Delaware sits at 4.8% unemployment while the national number is 4.1%. Before Covid we were around 3.7%, better than the country. Now we are worse. And a huge share of the jobs Delawareans hold are not even sourced in Delaware, they are remote positions based in Philly, DC, Baltimore, or Jersey. The money comes in, but the economic value is not being built here. Then there is education. We are ninth in the nation in per pupil spending at about $22,000 per student, and 45th in educational outcomes. Top 20% in spend, bottom 10% in results. That is money flowing out with nothing coming back. Retirees are moving in because Delaware is cheap compared to Jersey and New York, our property taxes are among the lowest five in the nation, and the beaches are right there. Meanwhile the traffic has doubled since 1999, the primary care shortage is real, and nobody is building the infrastructure to keep up. Michael Smith is an economist. If he is going to be in charge of our money, I want to know what he is actually going to do with it. Stick around for the full interview. Support the show

Send us Fan Mail Gas is at $4.44 nationally, up nearly 50% since this war started in February. Diesel just hit a record $6.40, up 77 cents in the first two weeks of September alone. In California diesel is already at $8 a gallon. Sean, Joe and I break down exactly why this is happening and why I do not think it comes back down anytime soon. Here is what most coverage misses. Crude oil is not the story. Diesel is. Diesel is the single most universal tangible input in the American economy, it moves your groceries, your packages, your construction materials, everything. And the reason diesel and gasoline are climbing faster than crude is that refined fuel is explosive, so almost nobody is lining up to haul it through the Strait of Hormuz right now. Freight captain crews have gone up eight times in cost because of the risk. Ukraine keeps hitting Russian refineries. Exxon just shut down its Joliet plant entirely after a power outage. Refining capacity is disappearing while demand keeps going. Then there is the Strategic Petroleum Reserve. We peaked at 726 million barrels in 2009. We were at 415 million as recently as March. We are now around 285 million, the lowest level since 1983. Under the Energy Policy and Conservation Act there is a hard legal floor at 252.4 million barrels, below which the president cannot do routine drawdowns without declaring a national energy emergency. We are getting very close to that number. And we close on China. Their crude imports collapsed when this war began, which quietly kept global prices from spiking even harder. Now those imports are ticking back up. Whether that is pure economics or something more strategic, the result is the same. Supply comes off an already tight market. If you have not filled your heating oil tank for winter, I would do it now. Support the show

Send us Fan Mail The buyers are gone. Not just in housing, not just in cars, everywhere, across every major purchase in this country and honestly across the globe. Sean, Joe and I dig into why, and it all comes back to the same place. We start with the August jobs report. 162,000 jobs created, way above expectations, with June and July both revised upward by a combined 55,000 jobs. Sounds great, right? Except the stock market fell and bond yields went up the second the number dropped. That tells you the market does not believe it. We walk through Kevin Walsh's Jackson Hole speech, his strange opening story, and why he used the word hike four times in his first minute and a half. We also break down the actual composition of those new jobs, mostly food service, bartending, and teaching, not exactly the export driven growth that builds a stronger economy. And we ask the obvious question nobody wants to say out loud. What if these numbers are being managed right before the midterms? Then we get into why buying and borrowing have both gotten more expensive at the same time. The 30 year Treasury is sitting at 5.24%, up from 4.63% before the war. The ten year is at 4.79%, up from 3.96% pre war. That is what is actually driving your mortgage rate and your car payment, not just inflation on the sticker price. We close with an update on Iran, who has rejected the latest peace proposal and is still demanding the exact same terms they started with, $300 billion, an end to sanctions, and peace for their allies. They are playing the long game, and the Fed is walking straight into a catch 22 it cannot solve. Something cracks, then we print, then it inflates. Again. I am not a financial advisor, I am a real estate agent, but here is what I personally hold. 25% crypto, mostly Bitcoin. 50% gold and silver as my insurance policy against the dollar. 25% in the S&P 500. Hold an asset or get left behind. Support the show

Send us Fan Mail Will housing ever become affordable? Sean, Joe and I dig into what it would actually take for home prices to come down, and why the answer is a lot more complicated than everyone screaming crash on TikTok wants it to be. We start with the number that should stop you cold. The qualifying income for a starter home in America right now is $103,584 a year. That is just to get your foot in the door. Then we play a clip of Trump saying he does not want housing prices to come down because he wants to protect the wealth of homeowners who already own. The same guy who campaigned on driving prices down is now on camera saying the opposite. I walk through the three rules that have preceded every housing crash in history. Low demand and high supply, which we do not have right now. Jobs failing first, which has not happened yet. And money printing as the government's inevitable response once something does crack. We debunk a viral bank teller story with zero sourcing, we look at real delinquency data instead of vibes, and we dig into the silver tsunami theory, whether boomers dying off over the next decade will actually flood the market with affordable supply, or whether it just leaves empty McMansions in retirement towns nobody under 40 wants to live in. Bottom line, I do not think this ends in a crash. I think it ends in more printing, prices grinding back up, and wages continuing to lose the race. The real problem was never housing. It is money printing and wages that never caught up. We are now shooting twice a week, Tuesdays and Fridays, live here on YouTube, and available on Spotify and Apple right after. Support the show

Send us Fan Mail Episode 101. Sean is back on the boards, healthy and happy, and we are digging into the trickery happening over at the Treasury and the impossible position the Federal Reserve has put itself in. Here is the setup. The July Treasury statement shows $334 billion came in and $766 billion went out. That is more than double. A $432 billion deficit in a single month. Scott Bessent's answer is that we will grow our way out of it, mostly through tariff revenue. So we ran the math. Our GDP grew 2.9% in 2023 while our debt grew 7.2%. In 2024 it was 2.8% growth against 6.9% debt. In 2025, 2.1% against 6.1%. Our debt is growing two to three times faster than our economy. Monkey no believe that. Then it gets worse. Nobody wants our long term debt, so the Treasury announced it is doubling its own bond buybacks and may tap nearly a trillion dollars from the Treasury General Account to do it. That is manufactured demand. We are buying our own debt to suppress our own yields. One analyst called it the world's largest interest only adjustable rate mortgage, and the adjustment dates come every 28 days. Meanwhile Kevin Warsh is sitting at the Fed with two mandates and no way to hit both. Raise rates and you kill the job market that already has 5.6% unemployment for college grads under 30. Cut rates and inflation, already at 3.7% on PCE, runs away from you. If they hike they lose the long end. If they cut they lose the long end. That is the whole game. I close with Trump saying out loud that the ultimate intervention is our military, Smotrich openly laying out the expansion plan, and the Las Vegas bio lab charges quietly getting dropped. Own an asset or get left behind. Support the show