Are We Headed to the Mar-a-Lago Accords?

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 9 April 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Trump Admin has made clear that they end game for tariffs is a total restructuring of the global economic order. As countries start to come to the negotiating table, are we headed for a Bretton Woods 2.0? A Mar-a-Lago accord? Sponsored by: Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.3	What's going on, guys? It is Tuesday, April 8th, and today we are talking about the Mar-a-Lago Accords.
0:24.1	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:27.7	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:31.4	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly
0:35.0	com slash breakdown pod. All right, friends, well, stocks continue to digest the implications of tariff policy, but are
0:41.2	no longer in freefall.
0:43.3	Yesterday's trading session didn't, after all, feature a Black Monday-style crash, but
0:47.7	that doesn't mean that volatility has calmed down.
0:50.0	The opening saw a small sell-off, followed by a tepid rebound, and suddenly, at around
0:54.0	10 a.m.,
0:54.6	the S&P 500 gained 3.4% in seconds. Bloomberg characterized the news as coming from an obscure
1:00.0	social media account who tweeted, Hacet says Trump is considering a 90-day pause in tariffs for
1:04.9	all countries except China, Kevin Hassett being the director of Trump's Council of Economic
1:08.6	Advisors. The so-called obscure social media
1:11.2	account was none other than news aggregator Walter Bloomberg. Crypto Twitter is very familiar
1:15.7	with his news summaries, which range from extremely helpful to downright misleading. In either
1:19.9	case, his tweets are always algorithm bait, and many crypto traders have been blown out of
1:23.6	leverage positions by a stray headline. This headline captured the attention of Wall Street
1:27.6	and was repeated on CNBC's telecast, but later turned out to be deeply misleading.
1:32.1	Ten minutes later, the White House called the report fake news, and the market reverted in an instant.
	...

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