856 - Bear Market feat. Jeff Stein (8/5/24)

Chapo Trap House

News

4.6 • 9.1K Ratings

🗓️ 6 August 2024

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Washington Post’s Jeff Stein stops by to discuss his extensive new piece investigating the ever-ballooning U.S. international sanctions regime. Despite Biden recently bragging he’s leaving office with the U.S. not involved in any foreign conflicts, the U.S. now has sanctions in place in over a third of all nations around the world, including more than 60% of “developing” nations. Jeff walks us through this increasingly central policy of worldwide economic coercion, how it shapes American imperial aims, and some intended & unintended consequences of the exponential expansion of sanctions in the 21st century. Then, we take a quick look at the state of the Veepstakes, Josh Shapiro’s whole deal, and of course, RFK Jr. and the road-kill bear. Check out Jeff’s sanctions investigation here: https://www.washingtonpost.com/business/interactive/2024/us-sanction-countries-work/

Transcript

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0:00.0	The All I want to be easy to be is in trouble. Hello everybody it's Monday August 5th and we've got Chappo coming at you.
0:38.8	Joining us on today's show joining joining Felix and myself today, is the Washington Post Jeff Stein,
0:46.8	who is here to talk about his new article or beginning of a series of articles about how the U.S US uses the policy of economic sanctions and its
0:55.8	effects on the world and the United States.
0:58.0	But Jeff, since we got you here, you're an economics reporter.
1:01.0	I'd like to kick things off by asking global financial
1:04.0	collapse is it happening is now the right time to launch the Chapo meme coin
1:08.3	should our listeners call their brokers ha ha I kid none of our listeners have brokers. But seriously, what's going on with the markets today, Jeff?
1:16.2	I feel like this is my second chapu appearance and the last time I was on there was like another market panic. I'm pretty sure so I feel like
1:25.5	There's probably going to be like an E. T.F now trading on my like chapel appearances like
1:29.9	You're causing it every time I'm on.
1:33.0	So I was like, last night I was going to bed last night and they were like, everybody's
1:37.8	scared about the Japanese stock market, the Asian markets are cratering.
1:41.9	What's going on with the markets today?
1:43.4	Is this, does this augur some sort of global economic collapse
1:47.0	should be started investing in canned food and shotguns?
1:50.5	Or what, like, what's going on right now? Yeah, I mean, I think the main thing that's happened basically is we got a very weak jobs report relative to what we've been getting and for like months now, months and months and months, like the left has been yelling at the White House to like tell
2:08.0	J Powell to cut rates because like the economy is weakening. But like when just on the extremely boring mechanics of this
2:15.2	like when you have a signal that the economy is slowing down people take money
2:22.0	out of riskier assets that seem like they're going to not pay a high enough
2:27.1	dividend and then they put it in the really safe stuff, you know, like US Treasury.
2:30.6	So we saw, man, this is too boring for the Chappo audience.
	...

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