HistoryOfMoneyBankingTradePod

Go to page F-56 of the SpaceX S1. “The company also obtained $131 million of Cybertrucks at manufacturer’s suggested retail price from Tesla…”

As someone raised a Knicks fan, nothing would make me happier if the Garden collectively chanted “Fuck Donald Trump” for significant portions of the game tonight. In a normal game, I can see that happening but with crazy expensive tix prices, probably not happening if only rich people are there.

Cato the Elder was a Roman politician. In the 150s BCE, he ended every single one of his speeches in the Roman Senate with "Furthermore, Carthage must be destroyed”. Regardless of the topic. Can we normalize every speech in the Congress ending with “Furthermore, release the Epstein files”.

There were many different reasons for stock market crash in 1929. One of them was loads of private credit flowing into Wall Street for stock leverage. This current Private Credit crisis is different but it will most certainly hurt the stock market as credit dries up while people hoard dollars.

www.resistandunsubscribe.com Please take a look and unsubscribe. This is our best means of taking on corporate America that is appeasing the fascist child rapist.

Not to say it was the direct result in the market crashes in October ‘29 but for months prior, significant portions of credit went to speculators, not the “real economy”. When prices dropped, margins called piled on, driving prices down even further, as speculators had to sell to pay back lenders.

I'm unsubscribing from something every day.

On the modern day coast of Albania, a minor incident occurred which triggered a web of alliances leading to the Peloponnesian War in 431 BCE. Archduke Ferdinand was assassinated in 1914, triggering a web of alliances leading to WWI, changing the world forever.

It’s amazing how many people in the middle of October 1929 told everyone how great the stock market is. Thomas Lamont (JP Morgan Partner) sent Hoover a utopian letter on 10/19/1929 staying how great the economy and market were, and we’re going to be in the near future. 1st market crash 5 days later

One of the best things I’ve read in a while:

Are we about to enter the find out stage if Trump doesn’t chicken out (Taco). In the end, it’s possible nothing comes of this Greenland debacle but it’s also possible that Trump’s tactics to distract is the “Black Swan” that derails the markets. I thought it would be AI but maybe it’s Epstein

@profgalloway.com do you see a scenario where the plebs revolt against data centers? Do people say enough with rising energy costs and halt future production. We get 25% added to our bill, they get all the profits. Oh and our kids don’t get jobs. Classic lose-lose scenario while they make billions

With regards to Greenland, couldn't Europe start dumping U.S. Treasuries as a retaliatory measure? That would cripple Trump's economy but could they do it without MAD (Mutually Assured Destruction)? Or maybe we could coin the phrase MAED (Mutually Assured Economic Destruction).

In “The Great Crash 1929”. Galbraith states that the depression was started in large part because of income inequality. The economy was dependent on high level of investment or a high level of luxury consumption, or both. This is sounds a lot like 2025/2026.

History has shown that when companies finance operations with equity, then that dries up and then switch to significant amounts of debt, this is when they get into trouble. Oracle went from ~76BB in debt (May ‘22) to ~108BB in debt (Nov. ‘25) They could be the 1st crack in the bubble.

@justinwolfers.bsky.social @profgalloway.com another great Prof G episode. Thanks for a great year of great info. Loved the tariff vs demand inflation. I’d add that the wage gap persists but it’s worse because workers end up paying the diff. Tariffs are a big tax transfer from rich to the middle.

Saw a Cybertruck driving in Miami with a menorah on it. The irony of Jewish person buying a 100k truck run by a guy that did two Nazi salutes sums up the right’s cognitive dissonance.

In all periods of speculation, when men sought not to be persuaded of the reality of things but to find excuses for escaping into the new world of fantasy - John Kenneth Galbraith from “The Great Crash of 1929”

So Trump said he will send aid to Jamaica. Where are the strings? How will Trump benefit directly? He is so openly corrupt that I wouldn’t be surprised if Jamaica ended up buying some Trump related Cryptocurrency (scam) within the next 6 months. There will be some sort of self-dealing.

Republican healthcare. Everyone pay at least double, so healthcare executives can make double the pay. You gotta love our healthcare system. It’s based on rent seeking middlemen who don’t add efficiencies or expand coverage. They are only there to extract excessive rents.

Dallas Fed services comments are LIT this month "generally antibusiness policies being championed by Republican lawmakers and the Trump administration" www.dallasfed.org/research/sur...

In a few weeks, I’m discussing Ancient Greek economics. I will mention how interest rates soar and people hoard gold/silver during times of war and Econ uncertainty. In Classical Greece as it does today. For example gold futures have soared because of Trump. I’ve thrown so much shade his way lately

Teddy Roosevelt had to balance the needs of economies of scale and the needs of shareholders who owed their allegiance to the company vs the allegiance to the U.S. society as a whole I wish modern CEOs would understand the need to be good stewards of our society, not just share price.

If you are interested in Ancient Chinese history, specifically as it relates to their economy. The next episode comes out at the end of the month. The last episode (episode 6) will be out around October 15. These take a long time to make, so please take a look if interested youtu.be/pnGzBoggnVU?...

Emperor Wu's economic reforms and the rise of wealthy landowners mirror today's wealth inequality struggles. What can modern economies learn from ancient China's attempts to balance state control and private enterprise? Listen to find out. #EconomicHistory

The Han Dynasty revolutionized metallurgy 2,000 years before Europe, creating steel that transformed warfare and agriculture. Discover how ancient China's economic innovations shaped global commerce in our latest episode. #HistoryOfMoney #AncientChina

www.amlintelligence.com/2025/09/news...

"How Are the Very Rich Feeling About New York’s Next Mayor?" A Dramatic Reading of The Recent New York Times Dispatch from the Hamptons. Presented by The Gilded Age's Morgan Spector.

Mr. Market is saying we will get a rate cut in September, and then several cuts afterwards. The tariffs are just starting to hit the market, meaning inflation will heat up over the next several months. Job numbers are terrible and shrinking. It feels like a potential rerun of the 70s stagflation.

If the Democrats had any balls, they would systematically round up all these criminals in the White House, including Vance, Miller, and Noem and send them to The Hague in 2028. Send a message to the international community that Trump does not represent us. They wouldn’t do it though.

Watching Harrison Butker miss an extra point is so satisfying.

Andrew Jackson signed executive orders and a veto override to kill the 2nd Bank of US. He was a terrible racist and had almost no education or curiosity. He meddled with the economy and set the US back by over 20 years. Does this sound familiar?

You can do a million mock drafts but draft day always goes in a different direction.

In my notes for a Greek Episode. Pythius attempted to use his fortune to gain favor with Xerxes. However, Xerxes didn’t take the bribe, unlike Trump who takes a few bribes per month. Too much? Sometimes I have enough balls to say things like this in the pod. Sometimes I don’t.

Additional taxes on the middle class could reach 300 Billion because we gave billionaires tax breaks and now have to somehow fill that hole.

Thinking a lot about the Arabic proverb “the dogs bark, but the caravan goes on”. Isn’t this a great analogy of modern conservatism. People can criticize progress but all it does is leave them behind.

Kind of interested as to what building in DC mysteriously goes up in flames. Since Trump is following the Nazi playbook, shouldn’t we expect a Reichstag fire type of event, especially if the Epstein Files are still being asked about.

I was about 23 years old when the dot com bubble happened. This AI bubble has a lot of similarities. NVIDIA won’t be the big winner, it’s going to be someone else. The problem is the good companies in AI are basically private. We, the average people won’t get access to them. Only rich/institutions.

Image a friend has a house worth at best 500k. He says an agent said they could sell it for over 900k. Then your friend tells everyone his house is worth over 900k. We all know he isn’t getting 900k, but he brags anyway. This sums up every trade deal announced by Trump. No signed deals are no deals

At this point, our inflation data feels like we are all Morpheus from the Matrix just watching the Sentinels come towards us and saying here they come as we hold the EMP switch.

After the market crashed, 7 out of 12 Fed Governors opposed easing rates. They feared an “artificial” attempt to stimulate the economy wouldn’t help business but instead promote stock market speculation again, as cheap $ created the bubble to begin with.

I cannot empathize enough how bad it will be if the Fed loses its independence. Trump will set us up for a prolonged period of stagflation. Just as Arthur Burns did in the early 70s when he allowed Nixon to pressure him into easing up on interest rates, when inflation was already elevated.

Winston Churchill was invited to a dinner in Manhattan, right after the market crashed. He supposedly gave a toast to the group by saying friends and former millionaires.

I posted my first, non AI video. I don't think I'll ever get used to being in front of a camera. If you are interest in the earliest parts of the Zhou Dynasty, which established ancient China's economic foundations, long before its imperial glory days. www.youtube.com/watch?v=E7ee...

As someone from Brooklyn. Why haven’t I heard of any ICE raids in Brighton Beach or Sheepshead Bay? We all know there are a lot of illegal Russian immigrants there. Especially with all the pill mill Russian pharmacies that have popped up over the past 20 years.

9/5/1929 - Roger Babson announced “…sooner or later the crash is coming..it may be terrific” he observed that the market showed that the group of advancing stocks is continually getting narrower and smaller. Factories will shut and people laid off. Will result is serious depression.

“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again” - Jesse Livermore

Early 1929, b/c everyone was on the gold std and the US had a disproportionate amount b/c of WWI, everyone was forced to to raise interest rates. Everyone started to slip into a recession but the U.S. stock market just ignored it, even as margin interest was as high as 20%.