Solving America's Problems

The 30-year Treasury hit 5.28% intraday this week, the highest borrowing cost since 2007, and it has nothing to do with a recession. Jerremy Alexander Newsome and Dave Conley open on Palantir, which Dave calls "wired into" the central nervous system of the US government heading into tonight's earnings — the stock sits right on its 100-week moving average after a 40% pullback, and a gap below $117 could trigger one of the biggest sell-offs in months. Apple posted strong earnings but gapped down anyway, admitting it's getting bullied on AI the same week Amazon and Nvidia printed record gains. Dave ties the bond blowout to $1.4 trillion in Treasury borrowing over nine months, with AI companies now competing for the same capital. Jerremy is still short SpaceX ahead of a lockup that frees 20% of its shares for sale within days, and expects the stock to drop below $100. Timestamps: (00:00) Dave and Jerremy open – stocks, politics, and portfolios collide this week (00:46) Palantir called "wired into" governments – dystopian data machine draws political heat (03:03) Palantir sits at do-or-die level – gap below $117 could trigger a selloff (05:03) Apple admits it's getting bullied on AI – Amazon and Nvidia print money (09:45) Bond market blows past AI story – 30-year hits highest yield since 2007 (12:07) SpaceX lockup frees 20% of shares – still short, expects drop below $100 🌍 Connect with us: Instagram | YouTube | X

The top 400 richest families in America pay about 2% in taxes while everyone else pays 20 to 26%. Jerremy Alexander Newsome and Dave Conley kick off a new series on housing, laying out why the American dream of homeownership is structurally rigged — flat wages, boomers holding 70% of property, and a tax code built as welfare for the top 20%. They trace housing booms back to the 1920s and post-WWII Levittowns, then debate renting versus owning, closing with international fixes from Tokyo, Vienna, and Austin. Timestamps: (00:00) The thesis – wages never caught up to housing costs (10:02) The new housing law – bans corporate landlords, completely unfunded (17:37) The tax code confession – secretly a welfare program for owners (30:36) Zoning's ugly origin story – the real reason those laws exist (41:34) The case for renting – Dave makes it, no hedging (51:20) Tokyo vs. Vienna vs. us – how other countries solved housing 🌍 Connect with us: Instagram | YouTube | X

Real estate investor Grant Cardone says never buy a home — rent instead, and put your money in the market. Jerremy Alexander Newsome and Dave Conley debate the case for renting versus owning. Dave, who's rented for over a decade, lays out the freedom of renting against the nonstop chores of ownership. They find zero libertarian voices anywhere in their research — everyone agrees housing is broken. Internationally, Vienna's rents run roughly a third of market rate, Tokyo's the cheapest big city on Earth, and one city's rent control crushed new construction by 48%. Timestamps: (00:00) The case against buying – a top investor says rent, don't own (04:48) Being a landlord right now – what happens when nobody's renting (09:59) Tokyo vs. Vienna vs. us – how other countries solved housing (16:08) The closing thesis – two things guaranteed to affect every voter 🌍 Connect with us: Instagram | YouTube | X

The top 400 richest families in America pay about 2% in taxes — while everyone else pays 20 to 26%. Jerremy Alexander Newsome and Dave Conley dig into what surprised them most in their research. Dave says the tax code was quite literally built for people not to pay taxes, funneling mortgage and college-savings deductions mostly to the top 20%. He found 30 million American children living in poverty — more than any country in Europe, Korea, or Japan. Economist Assar Lindbeck's line comes up: rent control is the fastest way to destroy a city besides bombing it. Timestamps: (00:16) The tax code confession – Dave calls it a welfare program in disguise (07:33) Housing booms, then and now – what the 1920s got right (13:14) Zoning's ugly origin story – the real reason those laws exist (15:53) An economist's brutal verdict – rent control compared to bombing a city 🌍 Connect with us: Instagram | YouTube | X

Elon Musk's net worth is down to "only" $600 billion after SpaceX lost $500 billion in value over the past month. Jerremy Alexander Newsome and Dave Conley open on the US-Iran conflict — Iran's health ministry says 50 civilians are dead and hundreds are hospitalized, and there's still no diplomacy on the table. Micron is down 34% since June 24, Intel's off 35%, and Dell has doubled since March while chopping sideways at resistance. Jerremy expects SpaceX to keep falling before a relief rally, and thinks Tesla will "ping-pong" through earnings the same way it did last summer. Dave breaks down the local political fights erupting over AI data centers' water and power use, plus the case for a rout in the midterms if the economy stays weak — his outside bet is that the president won't finish his term. Timestamps: (00:28) No diplomacy – Iran conflict grinds on with servicemen lost, still no endgame (01:48) Micron, Dell, Intel diverge – one's down 34%, one's up 200% (04:35) SpaceX cut in half – Musk's net worth drops to "only" $600B (05:33) Tesla's earnings script – Jerremy bets on chop, not a breakout, again (06:44) Alphabet's real test – does AI actually make businesses any money (09:20) Data centers spark local revolt – water, power, and noise fights heat up (13:41) Dave's outside bet – the president won't finish his term 🌍 Connect with us: Instagram | YouTube | X

Baby boomers now own roughly 70% of American homes and property — and politicians are too scared to touch it. Jerremy Alexander Newsome and Dave Conley lay out the thesis for a new series on housing: wages stayed flat while prices and interest rates exploded. Dave says the newest housing law just passed the Senate 85-5 and became law without a presidential signature. It bars investors who own 350+ single-family homes from buying more, but carves out purpose-built rentals — and comes with $200 billion in completely unfunded grants. Timestamps: (00:00) Wages vs. housing costs – the stat that shows they never caught up (03:45) Nashville's housing boom – why prices tripled there in six years (07:23) The boomer wealth transfer – politicians are too scared to touch it (10:02) The new housing law – bans corporate landlords, but $200 billion unfunded 🌍 Connect with us: Instagram | YouTube | X

The best U.S. cash experiments still can't prove money durably improves health or child outcomes. Jerremy Alexander Newsome and Dave Conley spend five episodes chasing why, hearing from Ron Lynch that free cash is a chain, not a check, and from Chris Rimbal that money itself may vanish within 20 years. Dr. Conley and Dr. Rhodes weigh in last: cash helps, but isn't the answer either host hoped for. Jerremy pitches a Citizen Capital share system instead of a handout, and Dave argues the AI disruption they keep circling has already arrived. Timestamps: (00:00) Five episodes, one chase – hosts hunt free money's real cost (05:10) The American dream's break point – traced to one decade (11:19) "A chain, not a check" – Ron Lynch's warning on free cash (18:36) Shares in America – Dave's pitch instead of handouts (25:20) Money itself may vanish – Chris Rimbal's 20-year prediction (31:42) Two PhDs weigh in – the cash data doesn't back the hype (36:25) The AI bomb already went off – Dave's blunt argument (45:00) Next three topics revealed – then dice decide the winner (53:39) Every fix needs more thinking – not more cash, hosts conclude 🌍 Connect with us: Instagram | YouTube | X

Jerremy Alexander Newsome and Dave Conley close the series on the loudest disagreement yet: has the AI revolution already hit, or is it still coming? Dave says he now runs this entire podcast alone — work that used to require four or five staffers — because of AI. Jerremy pushes back, insisting today's AI still isn't truly intelligent, just a sharper search engine stitching articles together. Dave counters that the United States only ever fixes disasters after they detonate, and argues this one already has. They close on a lighter note, narrowing their next topic to housing, fentanyl, or the baby bust, then let a game of craps make the final call. Timestamps: (00:00) Just a smarter search engine – Jerremy's read on today's AI (01:11) Dave runs the show alone – thanks entirely to AI (03:05) No wall in sight – every AI expert agrees it won't stop (09:46) Next three topics revealed – housing, fentanyl, or the baby bust (18:16) A game of craps decides – the next big topic 🌍 Connect with us: Instagram | YouTube | X

The best U.S. cash experiments still can't prove giving people money durably improves health or child outcomes. Jerremy Alexander Newsome and Dave Conley pick up their UBI rebrand mid-series: Dave proposes literal shares in America, dividends tied to the AI and data economy already built on public information. Jerremy renames the whole concept the Citizen Capital program, hoping shared ownership sells better than a handout ever could. Chris Rimbal predicted money itself might not exist within 20 years. Then two doctors arrive with the actual data: cash helps, but it isn't the single answer either host hoped to find. Timestamps: (00:00) Shares in America, not handouts – Dave's opening pitch (04:12) The Citizen Capital rebrand – a new name for an old idea (06:56) Money itself may vanish – Chris Rimbal's 20-year prediction (13:19) Real data finally arrives – two PhDs weigh in on cash (16:16) Cash helps, but isn't the answer – the hosts' hardest admission 🌍 Connect with us: Instagram | YouTube | X

The US-Iran ceasefire effectively collapsed over the weekend, and crude jumped back above $74 on the news. Jerremy Alexander Newsome and Dave Conley walk through the tech market's gap-down open and the case for a pullback toward the 50-day moving average on the Nasdaq-100, plus why Jerremy is aggressively short SpaceX — targeting $70–100 a share against its near-$3 trillion peak valuation. They break down the real mechanism behind Fed rate policy: the federal government competing with everyday borrowers for debt buyers, which keeps rates elevated regardless of what the Fed does with its own target. Grocery prices, tariffs, and the politics of the Middle East round out the conversation, along with a preview of Tesla, Meta, and NVIDIA earnings. Timestamps: (00:31) Ceasefire collapses – Iran deal unravels over the weekend, crude spikes past $74 (00:56) Tech gap-down – Nasdaq-100 gap likely fills lower before buyers step back in (02:56) Short SpaceX – Jerremy targets $70–100 a share versus its near-$3T peak (04:57) Fed testimony collides with CPI – markets price 60–64% odds of a September move (07:50) Who really sets rates – government competes with everyday borrowers for debt buyers (09:27) Earnings season ahead – Tesla, Meta, and NVIDIA's next moves into late July 🌍 Connect with us: Instagram | YouTube | X

Free cash isn't a check — it's a chain, according to Ron Lynch, who argues handouts push society toward technocratic feudalism. Jerremy Alexander Newsome and Dave Conley open this series admitting the American dream started fracturing sometime in the 1990s, once information itself became the real currency. Lynch's claim: money given for nothing quietly erodes purpose, feeding the "trust fund baby" stigma. Dave pushes back, splitting purpose from income entirely. Jerremy admits his own family still struggles with the victim mindset Lynch describes. They close still disagreeing on one point: who actually controls the money once it's handed out. Timestamps: (00:00) Five episodes, one question – hosts ask if free money actually works (05:10) The American dream's exact break point – pinned to one decade (11:19) "It's not a check, it's a chain" – Ron Lynch's core warning (12:30) The trust fund baby stigma – why it reveals a deeper fear (16:45) Who controls the money – controls the person, Lynch argues 🌍 Connect with us: Instagram | YouTube | X

The Federal Reserve can legally buy any publicly traded company outright — no permission required. Jerremy Alexander Newsome and Dave Conley open with the Dow hitting a record 53,058, though Jerremy flags SanDisk and Micron as stretched after their runs. Dave counters that AI now makes up roughly 40% of the Nasdaq, a concentration risk the Fed has no playbook to unwind. They dig into SpaceX's 45% three-day round trip as a sign speculative money is moving fast with no fundamentals attached. The back half turns to politics: progressive challengers beating corporate-backed Democrats in primaries across Maine, New York, Michigan, and Colorado. Timestamps: (00:00) Pigs and donkeys – crash the Fourth of July pet parade (01:35) Fed's hidden power – it can legally buy any public company (07:52) Zero-revenue stock – trading like it's a legitimate business (11:25) Primary upsets – progressives are quietly reshaping both parties 🌍 Connect with us: Instagram | YouTube | X

Recipients were two percentage points less likely to work — and critics called that proof people quit when you pay them. Dr. Elizabeth Rhodes ran the longest unconditional cash study in U.S. history: 1,000 people, $1,000 a month, three years. Below the poverty line, nobody worked less. People spent the money on rent, food, and kids, but the financial boost faded to nearly nothing by year three. Rhodes says cash can't fix broken healthcare, childcare, or housing markets — and proposes a $12,000 lump sum upfront plus monthly payments. Jerremy Alexander Newsome and Dave Conley land on "Social Security for all ages" as the rebrand that might actually move the needle. Timestamps: (00:00) A thousand people, a thousand dollars, three years – what actually happened (01:13) What a social worker catches – the gap economists walk right past (04:03) A blog post became a decade-long study – Sam Altman's role and limits (05:34) NIH, NSF, and full independence – keeping the science clean (10:51) 14,000 screened, 3,000 enrolled – Facebook ads, SNAP apps, random mailers (12:04) Two percentage points less employed – why critics grabbed the wrong headline (16:00) Housing, food, kids – where every dollar actually went (17:17) The ordinariness that matters – driving, social time, stuff around the house (19:07) Everyone wanted a business, nobody started one – what that really means (20:46) The boost that faded by year three – and why year-three worry kicked in (22:37) What she'd tell a senator tomorrow – the one design choice (31:52) Steel-manning her own study – three years and $1,000 proves nothing about national UBI (35:55) What if the jobs don't come back – her data gets uncomfortable (47:19) "Scarcity makes people responsible" — false – lightning round (50:12) Social Security for all ages – Dave and Jerremy close the knowledge gap Connect: Dr. Elizabeth Rhodes – Website {{social-links

Rhodes admits her study was never designed for a world where income decouples from labor — but it's the closest data anyone has for what's coming. People are stitching together patchworks of gig work that standard labor surveys can't even capture. Dave Conley went from "UBI is a terrible idea" to "how are we not doing this" after weeks of research. Jerremy Alexander Newsome and Dave land on Social Security for all ages as the rebranding that might actually work — paired with a continuing-education requirement to close the knowledge gap. Timestamps: (00:00) Her study wasn't built for this – but it's the best data we've got (00:13) What happens when jobs don't come back – her data gets uncomfortable (01:41) Gig patchworks surveys can't measure – the labor market nobody's tracking (03:06) "Cash is not the panacea" – three years of evidence behind that line (04:16) From anti-UBI to "how aren't we doing this" – Dave's shift in weeks (06:24) A $12,000 lump sum first – what monthly cash alone can't fix (08:13) Targeted groups over universal referendums – where testing actually works (11:37) "You can't pay rent with food stamps" – lightning round drops (14:32) A weekend class and community credit – Dave's unlock for entrepreneurs (19:23) "Social Security for all, damn it" – and why the branding matters Connect: Dr. Elizabeth Rhodes – Website {{social-links

People spent the money on housing, food, and their kids — every global cash study shows this, yet the stereotype persists. The financial wellbeing boost was strong in year one, weaker by year two, and nearly gone by year three. Nobody started a business, but entrepreneurial interest surged because the labor market doesn't work for people who need flexibility. Rhodes says cash hits a wall when healthcare costs $5,000 and there's no quality childcare in your ZIP code. Jerremy Alexander Newsome and Dave Conley press her on what a senator should actually do with this data. Timestamps: (00:00) What critics assume about free money – and what people actually bought (01:30) The most expensive stereotype – conditions on benefits cost taxpayers more (03:22) Parents skipped extra shifts – investing in their kid's confidence instead (06:37) Entrepreneurship interest surged – but almost nobody launched anything (08:23) The boost that vanished – financial wellbeing fading by year three (11:31) What she'd tell a senator – the one design choice that matters most (14:32) Cash can't climb these walls – no childcare, no insurance, no credit score (16:04) The Rise study – why she stopped asking "does cash work?" (18:25) Steel-manning her own study – the strongest critique she'd make herself Connect: Dr. Elizabeth Rhodes – Website {{social-links

Recipients were two percentage points less likely to work — and critics called that the whole story. Dr. Elizabeth Rhodes ran the longest three-year unconditional cash experiment in U.S. history, gave 1,000 people $1,000 a month, and found something economists missed: below the poverty line, nobody worked less. Sam Altman helped fund it, but Rhodes had NIH and NSF backing with full scientific independence. Jerremy Alexander Newsome and Dave Conley dig into why it takes a social worker to see what labor data hides. Timestamps: (00:00) A thousand strangers, a thousand dollars – the experiment that changed the debate (01:13) Economists got the mic – here's what they stopped hearing (04:03) A blog post from Sam Altman – how it launched a decade-long study (05:35) Keeping Silicon Valley money honest – NIH, NSF, and full independence (07:28) Richard Nixon backed this idea – fifty years nobody talks about (10:51) 14,000 screened, 3,000 enrolled – randomized to $1,000 or $50 (12:05) Two percentage points less employed – what that number actually means (14:52) Below poverty, zero effect – the poorest participants kept working Connect: Dr. Elizabeth Rhodes – Website {{social-links

Microsoft is down 31% in two years and its own CEO sounds like he's waving the white flag on AI. Jerremy Alexander Newsome and Dave Conley break down why the Mag Seven is getting smoked — Netflix down 46%, Salesforce down 60%, Adobe down 70% — while 1998 relics like Nokia, Intel, and SanDisk are surging on chip demand. South Korea's ETF is up 128% year to date as Pan-Asian nations quietly build out chip infrastructure without the US. The US dollar is strengthening on a technical double bottom, which historically pulls equities and gold lower. Europe can't govern itself — Germany's economy is stumbling, France can't pass a budget, and the UK just ousted its PM. Summer should be quiet until earnings season hits mid-July. (00:00) 1998 called — Nokia, Intel, and SanDisk are crushing it again (02:09) Microsoft down 31% — CEO sounds like he's giving up on AI (05:35) ETFs over stock picks — broader baskets are the safer play right now (06:40) AI eating its parents — Salesforce down 60%, Adobe down 70% (08:46) Stock picker's paradise — wild swings every direction, sector irrelevant (09:47) Summer slowdown loading — earnings season hits mid-July (11:44) Europe's dumpster fire — Germany stumbling, France stuck, UK leaderless (15:09) Korea up 128% YTD — chip demand is printing money in Seoul (18:49) Dollar double bottom — stronger greenback means everything else cools 🌍 Connect with us: Instagram | YouTube | X

The biggest US cash experiment returned a big fat zero on measurable child outcomes. Dalton Conley tells Jerremy Alexander Newsome and Dave that poverty rewires the body at the DNA level, but cash alone can't undo it. The 1960s negative income tax kept people unemployed longer and increased divorce. AI leaders dropped the jobs apocalypse once it scared people. Alaska's Permanent Fund is the closest thing America has to UBI — bigger checks mean more dentist visits. Conley's lab now uses epigenetic age clocks to measure whether any of this actually moves the needle. (00:00) One missed paycheck – one in three Americans can't survive it (01:11) The 1950s dream – only worked because WWII destroyed the competition (06:11) The biggest cash study – years of brain scans returned zero results (09:28) 1960s UBI test – more unemployment, more divorce than before (11:48) AI leaders pushed UBI – then quietly walked the jobs apocalypse back (12:51) Kennedy's 1963 commission – what do we do when work disappears? (15:38) Why UBI can't pass – eleven percent controls the Senate (22:52) Nobody trusts the system – who actually runs the check? (28:31) Alaska's Permanent Fund – the closest thing America has to UBI (28:54) Bigger checks, more dentist visits – the data nobody's using (31:53) Same house, opposite outcomes – inequality lives inside families (41:58) Ten thousand school boards – zero national health standards (44:35) Would you take the check? – a Princeton professor says yes (49:27) Social Security is untouchable – UBI needs that same armor to survive (54:16) Lightning round – they don't get lazy, they get free 🌍 Connect with us: Instagram | YouTube | X

The Fed's new chair wants to strip "outlier" prices from the CPI calculation — right when prices are the highest they've been in years. 4.2% inflation is additive: it stacks on last year's, and Jerremy Alexander Newsome and Dave Conley say rewriting the formula isn't the same as fixing it. Gold and silver just printed a weekly double top after running from $1,700 to near $5,000 an ounce — Jerremy called the reversal in April. The SpaceX IPO at $1.7 trillion — the largest in human history — already pulled 8% out of the QQQ as institutional funds liquidate positions to buy in. In a K-shape economy, the sleeper play isn't chips: it's TJ Maxx, Dollar General, and Five Below. Timestamps: (00:00) Fed's redefining inflation math — not fixing the actual prices (03:20) "Transitory" is back — Dave explains why it's still a lie (05:07) Gold and silver double top Jerremy flagged back in April (06:18) Energy ETF compressed since March — big directional move loading (07:19) SpaceX IPO pulling 8% out of QQQ as funds liquidate (08:52) $1.7 trillion — the largest IPO in human history, visualized (10:59) Lock-up vesting and brain drain — Dave's AOL experience applied to SpaceX (13:09) Sam Altman's sovereign wealth pitch on Capitol Hill for AI stocks (14:45) K-shape economy plays — why TJ Maxx and Five Below are scorching 🌍 Connect with us: Instagram | YouTube | X

Dalton Conley tells Jerremy Alexander Newsome and Dave: yes, he'd take the UBI check — because you don't have a choice. A thousand dollars a month transforms life in rural Mississippi and barely registers in New York City. Jerremy says he'd opt out; Conley says almost nobody thinks that way. Social Security is untouchable because it's near-universal and tied to work — UBI needs that same armor. Conley's lab found that a kid genetically predisposed to insomnia raises parents' drinking and smoking for decades after they leave the house. (00:14) Yes, Conley takes the check – because universal means no opt-out (00:40) $1,000 transforms Mississippi – barely registers in New York City (01:25) Poverty measurement – debated since Molly Orshansky drew the line in 1963 (02:32) Jerremy would opt out – Conley says he's a tiny, wonderful minority (04:24) Give it to Bezos too – that's what makes UBI politically bulletproof (05:06) Global UBI – world government territory, but Europe might get there first (05:21) Social Security is untouchable – UBI needs to build that same armor (07:54) Your kid's genes change you – ADHD raises parental drinking for decades (09:50) Lightning round – they don't get lazy, they get free (11:30) The blind spot – trillions in debt, nobody asks where it comes from (12:47) Hosts debrief – is free dental care the actual linchpin? 🌍 Connect with us: Instagram | YouTube | X