Topic: Special Purpose Vehicle

Greece has created a "special purpose vehicle" to manage bad debt, a move the hosts compare to accounting tricks used during the 2008 financial crisis. They identify the $1.5 trillion in US student loan debt and rising healthcare costs as potential catalysts for the next depression. A humorous vision of a future depression features piles of abandoned e-scooters and dockless bikes.

The European Union is attempting to establish a "Special Purpose Vehicle" to facilitate trade with Iran while bypassing U.S. sanctions. However, major European companies are withdrawing from Iran due to the risk of losing access to the U.S. financial market. Speculation arises that Bitcoin or other blockchain technologies may eventually be used for oil transactions to circumvent the antiquated SWIFT settlement process.