Mia Wong

Yeah, I know, have to defend this, right? Like, okay, you know, we're not dealing with like, you know, we're not dealing with like intellectual titans here. But like when someone who is mildly more intelligent than Elon Musk has to defend this, it is Reagan they point to. Because Reagan, and Carter was also ahead of hand in this, but Reagan does this thing called the Volcker Shock, right?

Like working hand in hand with Paul Volcker, who's the head of the Federal Reserve. Which, notably, Trump just spent a bunch of time threatening to fire the head of the Federal Reserve and then had to back off on that because all of the markets were like, this is our fucking Rubicon. Like, we don't give a fuck about any of the other things.

Like working hand in hand with Paul Volcker, who's the head of the Federal Reserve. Which, notably, Trump just spent a bunch of time threatening to fire the head of the Federal Reserve and then had to back off on that because all of the markets were like, this is our fucking Rubicon. Like, we don't give a fuck about any of the other things.

Like working hand in hand with Paul Volcker, who's the head of the Federal Reserve. Which, notably, Trump just spent a bunch of time threatening to fire the head of the Federal Reserve and then had to back off on that because all of the markets were like, this is our fucking Rubicon. Like, we don't give a fuck about any of the other things.

Well, I mean, we kind of give a fuck about the other things you'd be doing. But, like, if you fire the head of the Federal Reserve, like, we're going apeshit. But like, you know, the Fed and Reagan worked together in order to do this thing, which is jack interest rates to just like unhinged levels, causing everyone else's debt in the world to become like unbelievably unsustainable to repay.

Well, I mean, we kind of give a fuck about the other things you'd be doing. But, like, if you fire the head of the Federal Reserve, like, we're going apeshit. But like, you know, the Fed and Reagan worked together in order to do this thing, which is jack interest rates to just like unhinged levels, causing everyone else's debt in the world to become like unbelievably unsustainable to repay.

Well, I mean, we kind of give a fuck about the other things you'd be doing. But, like, if you fire the head of the Federal Reserve, like, we're going apeshit. But like, you know, the Fed and Reagan worked together in order to do this thing, which is jack interest rates to just like unhinged levels, causing everyone else's debt in the world to become like unbelievably unsustainable to repay.

This like annihilates most of the world's economies. This also creates like a double dip recession where the U.S. has like almost 20 percent unemployment rate. But he's able to write this out specifically because this thing actually benefits a bunch of sections of the American capitalist class. If you are someone who holds debt, this is fucking great for you.

This like annihilates most of the world's economies. This also creates like a double dip recession where the U.S. has like almost 20 percent unemployment rate. But he's able to write this out specifically because this thing actually benefits a bunch of sections of the American capitalist class. If you are someone who holds debt, this is fucking great for you.

This like annihilates most of the world's economies. This also creates like a double dip recession where the U.S. has like almost 20 percent unemployment rate. But he's able to write this out specifically because this thing actually benefits a bunch of sections of the American capitalist class. If you are someone who holds debt, this is fucking great for you.

And this is something very different from what's happening right now because nobody is winning the trade war. Everyone is just having the very worst time they've ever had. It does seem like a globe of losers.

And this is something very different from what's happening right now because nobody is winning the trade war. Everyone is just having the very worst time they've ever had. It does seem like a globe of losers.

And this is something very different from what's happening right now because nobody is winning the trade war. Everyone is just having the very worst time they've ever had. It does seem like a globe of losers.

Yeah, but the thing that Reagan does that actually allowed him to temporarily restore the profitability of a lot of American manufacturing, and there is still a lot of American manufacturing, we'll get to that in a bit,

Yeah, but the thing that Reagan does that actually allowed him to temporarily restore the profitability of a lot of American manufacturing, and there is still a lot of American manufacturing, we'll get to that in a bit,

Yeah, but the thing that Reagan does that actually allowed him to temporarily restore the profitability of a lot of American manufacturing, and there is still a lot of American manufacturing, we'll get to that in a bit,

But the thing he was able to do was the thing that Garrison, I was threatening at the beginning of the show, by the time I am done doing this pod, like, maybe not this podcast, but by the time I finish doing It Could Happen Here, when I, like, die on the battlefield in 15 years, everyone will be able to fucking explain the Plaza Accords and the Reverse Plaza Accords because they are the central thing that got us all to this fucking place.

But the thing he was able to do was the thing that Garrison, I was threatening at the beginning of the show, by the time I am done doing this pod, like, maybe not this podcast, but by the time I finish doing It Could Happen Here, when I, like, die on the battlefield in 15 years, everyone will be able to fucking explain the Plaza Accords and the Reverse Plaza Accords because they are the central thing that got us all to this fucking place.

But the thing he was able to do was the thing that Garrison, I was threatening at the beginning of the show, by the time I am done doing this pod, like, maybe not this podcast, but by the time I finish doing It Could Happen Here, when I, like, die on the battlefield in 15 years, everyone will be able to fucking explain the Plaza Accords and the Reverse Plaza Accords because they are the central thing that got us all to this fucking place.

which is that Ronald Reagan goes to Japan and goes to, like, West Germany, and the subtext of what he's saying is, like, you are American military protectorates, and because you are American military... Japan, by the way, is, like, the great industrial power of the 1980s, right, and through the 90s. Like, they are, like...