2 chapters across the catalog
U.S. inflation reached a 40-year high of 9.1% in June 2022. The U.S. dollar and the Euro reached parity for the first time in two decades as the Federal Reserve raised interest rates. The hosts explain how a stronger dollar puts pressure on foreign nations with dollar-denominated debt, potentially leading to sovereign defaults in countries like Sri Lanka and Pakistan.
New data indicates that 40% of federal student loan borrowers are behind on payments or in default. The class of 2015 is identified as the most indebted in U.S. history, with an average debt of $35,000. The hosts argue that universities are part of a "scheme" to steal money and suggest that the government should forgive these debts rather than funding overseas reconstruction.
