Krystal, Ryan and Emily discuss China calling Trump's bluff on tariffs, stock market reacts, and a lawyer for a wrongly deported man responds to JD Vance.

YouTube: https://youtu.be/5aaiNVuR134

Spotify Link: https://open.spotify.com/show/2togMvVQ0F4mXQmbwuFs4K?si=wEARUQEoSR2o4KFxn-wR4w

Timestamps:
(00:00)Introduction and Overview of Liberation Day
(2:25)Jobs Report Analysis and Economic Implications
(14:58)The Impact of Tariffs on Domestic Economy
(26:15)Trump's Economic Strategy and Its Consequences
(40:55)The Autocratic Leadership Style of Trump
(42:19)The Case of Kilmar Abrego Garcia
(1:12:02)The Shift in Democratic Leadership Dynamics
(1:17:53)Upcoming Nationwide Protests Against Trump
(1:33:45)End Of Show

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I think a lot of folks would be well served by skimming over this document. Trump has been following this pretty closely (was written in Nov by one of his econ advisors). The narrative that he's "winging it" or obeying chatGPT is just silly. So if you really want to know the plan, here it is.. https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf

Personally, I'd really like to see him stick to his guns on this, He will have to loose a lot more friends like Elon to bring it to completion.

Breaking points has had some good discussions about the economics of America’s social contract. However, there is still a gaping hole in the discourse which is the premise of “either” a consumption based economy or one based on manufacturing and investment. Since what is produced in order to create all of this beneficial (required) work must be consumed, what is solved with or without tariffs (current or reduced consumption)?

The issue goes back to a very basic issue that you arent talking about - ownership of resources as a driver of consumption and capital. Wealth is cultivated to grow.

So we cannot ever produce and consume enough to achieve some kind of ideal state. Even if we have seen periods of high savings and consumption post WW2, this occurred after significant destruction of human need serving infrastructure

I suggest having more convos about that as a meaningful path forward.

It was just reported that DOGE will be raiding the Peace Corps HQ this weekend. As a twice returned Peace Corps Volunteer who owes his entire career and masters degree to this agency, I am terrified and angry.

To think that an agency that has done nothing but strengthen relationships between countries and provide alternative opportunities to serve could be axed for no reason other than ego, power and, "owning the libs" is outrageous. They can't keep getting away with this.

I hope BP covers this.