The Podcast of the Lotus Eaters - PREVIEW： Brokenomics ｜ Anglosphere Economy Update

00:00:00.240 Hello and welcome to Brokonomics. Now in this episode I wanted to give you an update on a

00:00:06.240 whole bunch of things I've been thinking about and I was wondering if I could name one particular

00:00:14.360 topic on it. I think it's going to be the political situation and what it's doing to the economic

00:00:18.960 situation. Actually when I started making a list of things that I wanted to give you in an update

00:00:24.600 I got quite a lot. I definitely want to cover the UK budget. I want to cover Trump's win and what

00:00:33.120 that is doing to markets and the outlook for investments. I wanted to come on to things like

00:00:40.860 things that have really done well from the Trump trades such as Tesla and Bitcoin. I think Bitcoin

00:00:46.980 as we've talked about in previous episodes is catching the liquidity cycle which I've talked

00:00:52.000 about a lot before but I'll try and recap some of that and the cycle more broadly. I think that a

00:00:58.800 lot of the Tesla and the Bitcoin stuff if I went into that and I did it properly it's going to take

00:01:05.560 maybe a bit too long so I might want to do this over two episodes. So maybe this episode can be

00:01:10.440 about really focusing on the political stuff in the UK and the US. Well actually it's going to be the

00:01:17.100 whole Western world. I mean it's the same problem set that they've got in all of them. Europe is

00:01:23.400 not doing well but I mean it's the whole Western world. So let's get into those things and if I need

00:01:31.320 to do it as two episodes to really flesh out some of those latter ideas I will do so. But let's start

00:01:36.960 off we're talking about the UK budget. The Labour Party recently won the election. Not really by

00:01:49.100 virtue of the fact that they were popular and people wanted them. They won because the Tories

00:01:54.660 were so completely awful and had betrayed everybody and had run immigration up to in excess of a million 0.95

00:02:01.140 new arrivals a year. And these were not high quality individuals they were bringing in. It was not

00:02:09.340 you know the global elite. It was not the top one percent in IQ. It was basically just anybody who

00:02:14.920 wanted to come here for any reason. And the people most motivated to come here are the people who

00:02:20.600 want to access the welfare system because it's easier than being in whatever Astan and not having

00:02:28.780 any money. So the floodgates were opened and we have had a crippling effect on the welfare budget.

00:02:36.960 60% of social housing in London is occupied by people who were not born here. You know the Tories

00:02:45.080 they just completely lost the plot. And Dominic Cummings who was the Chief of Staff to Boris Johnson

00:02:52.780 he had a recent exchange with Maven Politics a friend of mine. And Maven asked Cummings well why did

00:03:01.940 you open the floodgates? And his response was and he said this is a literal quote from Boris Johnson

00:03:08.240 open the floodgates change the point system so that everybody gets in because I want the FT to like me.

00:03:14.400 which is well anyways the Tories have to be destroyed for their I mean they're not they're

00:03:22.720 not a right-wing party. They're not fiscally responsible. I mean they're just they're just

00:03:28.520 awful. They had to go. So anyway Labour won. They won with 15% of the eligible voters. I say eligible

00:03:36.060 voters because of course more people are eligible to vote than actually get on the electoral register.

00:03:40.240 a lot of people just don't even bother doing that. They won with 20% of the

00:03:44.040 people who could vote. So

00:03:48.960 there was no way of spinning this to say that they are popular in any way. And actually since

00:03:58.180 winning office they have set record unpopularity. Keir Starmer has set record unpopularity.

00:04:05.820 And I think they know quite how unpopular they are. They've picked a fight with Elon Musk who

00:04:13.760 is constantly coming after them. Good. So I don't think that they do not seem to be looking to rescue

00:04:23.020 their popularity. In fact they've just seemed to have decided well we're just going to do all the

00:04:27.040 all the crazy socialist shit that we've ever wanted to do. So I was not optimistic coming into the budget 0.96

00:04:32.560 of a couple of weeks ago. I do have to say it could have been worse.

00:04:40.300 It could have been considerably better but it could have been worse. I was worried about them

00:04:44.760 going after ISIS. ISIS for those of you who are not in the UK is our tax efficient

00:04:52.280 investment tax wrapper essentially. You can put money into an ISA. You can put taxed money

00:04:59.940 into an ISA. And when it grows you don't pay any tax on it. So anything that you sell out of it will

00:05:07.200 have no capital gains. And any income you take from it will not have any income tax on it. So that is

00:05:12.580 the primary method of which people in the UK save. And if you're in another western country you will have

00:05:18.480 something similar I'm sure. There was a concern that they were going to go after that. If they did

00:05:23.460 that and that was the big rumor they were going to go after it it would have completely disincentivized

00:05:29.900 savings to the point where I don't believe there would have been any point in somebody like me

00:05:35.620 staying in the UK. I mean that would have been an instant okay I've got to go somewhere. Probably

00:05:41.700 America I'd imagine because now that Trump's in he may be fixing some of the things. So

00:05:47.760 on that respect it could have been worse but there was a lot of negative things in there. They did raise

00:05:56.000 oh actually I should also mention this there's two main ways that you can save in the UK. One is the

00:06:01.460 ISA which your money is taxed it goes in the ISA it becomes tax-free. The other one is you can

00:06:07.440 earn money and then take the tax off of it so you can put untaxed money into a pension pot

00:06:14.160 but then you're taxed on the other side. And actually we ought to come back to that at some

00:06:17.880 point and do a deeper dive on pensions and the difference between those two strategies. I much

00:06:22.360 prefer ISAs because I believe that money that I put into a tax efficient wrapper I will make a lot

00:06:28.200 more upside through investing it and therefore I'm not concerned about saving the 30 40 50 whatever

00:06:35.300 percent on the upfront I'm more interested in saving the gains that I make as I come along

00:06:40.700 with that. Anyway okay so but they did increase capital gains tax which is a particular focus across

00:06:47.160 the western world at the moment because basically western governments they've run out of money

00:06:50.200 they want to tax more they do not want to cut spending. So across the world we're seeing

00:06:55.240 capital gains tax go up. Camilla Harris quite famously was looking at taxing unrealized gains 0.90

00:07:04.480 which was part of her loss. Now that would have been completely mental if she'd done that because

00:07:09.880 that means that even if you hadn't sold the asset you just held on to it you'd be taxed on the upside

00:07:15.160 which it's it is just blatant theft. I mean so you're taking all that investment risk for making

00:07:22.280 an investment and then even if you even if you don't sell it you still get taxed on it but anything

00:07:28.480 you lose you know you don't get you don't get tax relief on unrealized losses so it would have just

00:07:36.820 completely killed the incentive to invest in America but but fortunately it didn't come to that but

00:07:43.980 in the UK they did increase the rates here on both short-term capital gains things that you've only

00:07:49.020 held for less than five years and long-term capital gains and I think you've held for longer than that.

00:07:52.560 Capital gains is a really bad tax. Why is it because from their point of view it's a great tax

00:08:00.920 because it only affects what they consider rich people

00:08:03.720 and you can exempt your primary residence so the idea is that not too many people should pay it.

00:08:12.860 The reason it's a really bad tax is because what it causes is capital immobility. It encourages

00:08:20.840 investors to keep their money in one place rather than move it around to wherever

00:08:28.660 the highest return can be gained and that's important because capital should flow to the

00:08:34.460 things that are succeeding and flow away from things that are failing. It keeps economies dynamic

00:08:40.180 if there is that cycle of capital and that's really what financial markets are supposed to do.

00:08:45.020 They're supposed to continually cycle money away from things that are not productive to things that

00:08:49.140 are productive and therefore you get productivity increases.

00:08:55.480 Europe, the UK and increasingly the United States as well has an increasingly poor track record of

00:09:03.200 achieving this and therefore productivity rates over time has been coming down and therefore the

00:09:07.400 economy is not growing and therefore there is less to tax in the regular way so they have to start

00:09:13.580 inventing new creative ways of taxing people but by doing this they're just ensuring that future

00:09:20.460 productivity rates are going to be lower and therefore the problem for future governments is going to be

00:09:25.940 higher leading to more and more aggressive taxation which again suppresses the growth in the economy.

00:09:33.120 So it could have been worse but they're moving strongly in the wrong direction.

00:09:42.800 There's the particularly pernicious element of this is what they did to the farmers which I want to

00:09:47.700 come back to in a minute because that's probably the thing that deserves the most focus.

00:09:53.560 But before I get to that I just want to point out that the Labour government is full of people who have

00:09:57.500 never run a business. There's not a single person in that government who's ever open and run a business.

00:10:01.240 The problem that we've got is that there is no incentive to open a business anymore.

00:10:12.740 It is made incredibly difficult for you through a bevy of taxes and regulations. If you try and do

00:10:20.800 anything the system of regulations your local council will put so many roadblocks in your way

00:10:29.900 that you can get stuff done eventually but it's incredibly painful. You spend a lot of your time

00:10:40.340 dealing with the bureaucracy and the regulations rather than doing something productive.

00:10:47.400 And so invariably people who do open businesses have an extremely high failure rate over and above the

00:10:53.520 fact that any new business has a high failure rate anyway. And those people like me I mean I'm the sort of

00:10:59.100 person who absolutely should be opening a business if this was a normal functioning economy. I've got a

00:11:04.800 good set of skills. I've got plenty of capital behind me. I'm still young enough that I could throw a lot

00:11:10.760 of energy into something. But I know how this system works and I know that it's completely unattractive and completely

00:11:17.560 unviable. And I basically made the calculation almost 10 years ago. Well not quite 10 years ago but basically when I was getting ready

00:11:31.720 for retirement in my late 30s and I ran this calculation thought yeah I could I should open a business now but it's going to be made too

00:11:40.560 difficult. So instead what I will do is I will I will just invest money instead and I will invest it in a business in a big business

00:11:48.840 business which can afford lawyers and compliance teams and has has achieved sufficient scale

00:11:55.980 that the percentage of regulatory and business hassles is small enough compared to the percentage of

00:12:06.200 productive time and energy that they can throw at something that they can actually grow.

00:12:10.840 Because this is what governments have done. They've made it basically unviable for small businesses.

00:12:16.760 And so therefore I put my capital towards investing in large businesses. It turned out to be exactly the right thing

00:12:23.420 for me because those assets have grown very nicely indeed and I'll come on and talk about some of those

00:12:31.740 when we get further into this segment and about how it's happened.

00:12:38.440 But it's not the right thing for the country because that business and I don't know if that theoretical business that I would have

00:12:45.320 opened would have been successful but I didn't even try because of the the business environment in the

00:12:54.120 in the western world is is simply too unattractive to even attempt it. So yeah Labour and the Tories

00:13:03.040 before they're barking up the wrong tree there has to be a reset on this unless productivity levels are going to

00:13:10.080 continue to continue to continue to be depressed or even continue to decline like they have been

00:13:16.160 and Europe simply becomes irrelevant and it will be overtaken.

00:13:21.600 Europe thinks of itself as a rich first world set of countries but they are they are poisoning themselves

00:13:31.040 with excessive taxation government and regulation. So let's talk about the farmers.

00:13:40.720 Farming you know especially in an old country like this is something that is passed down the generations.

00:13:48.640 You know we have farmers who have been working the same bit of land

00:13:52.880 as their fathers and their fathers and their fathers and you know you can go back a dozen or more generations.

00:14:04.080 The land is not some tradable asset for them. It's not something they're speculating on. It's not something that they are

00:14:12.160 They haven't financialized it

00:14:20.960 but because governments are so desperate for money

00:14:24.480 Labour decided that they're going to start taxing farmland.

00:14:28.160 Okay what's happened to land itself? Well that is downstream of the broader set of problems that

00:14:33.280 the governments are having now and I've talked about this in economics many times but let's recap

00:14:37.040 basically it's all downstream of a demographic issue. The baby boomers was a large generation

00:14:48.000 and when baby boomers were coming up they wrote a set of rules that were very generous to their parents

00:14:56.160 the greatest generation the people who fought in the war lots more pensions

00:15:01.200 uh welfare and other things as well a whole bunch of social services but pensions is the big one

00:15:09.280 and they assumed it was fine because there was lots of working people and relatively few

00:15:15.360 retired people and so the maths worked 1.00

00:15:19.680 The baby boomers then did not have a proportionally large generation following them

00:15:26.880 in order for the maths to continue to work because the maths they set up with their government programs

00:15:32.320 only works so the population increases by this roughly the same amount as the increase from the

00:15:37.360 greatest generation to the baby boomers. They had the millennial generation. Millennial generation is

00:15:43.120 a large generation it's slightly larger than the baby boomers but as a percentage increase it is

00:15:51.280 it is not large um there's no that that growth rate was not maintained so what started happening is in

00:16:01.200 2016 2017 the baby boomers started retiring um at a pace this is still going on um the really big 0.99

00:16:11.600 baby boomer retirement because there was with the baby boom generation there was there was two big 0.96

00:16:16.880 booms and the really big one is coming up and that that's going to be upon us shortly so the proportion

00:16:22.240 of retired people is significantly higher than the system was set up to anticipate

00:16:30.960 which means the governments are running deficits now governments run deficits in the past where they

00:16:37.280 are spending more than they earn but normally large deficits is only a thing that happens if you're in

00:16:44.960 the middle of fighting a world war or there's some sort of catastrophe going on historically they've not

00:16:52.320 run deficits at a time where unemployment is low when you're not at war uh where inflation is as it

00:17:01.680 currently technically isn't we come on to talk about this relatively low

00:17:07.680 and so permanent deficits has become a regular feature of the western world

00:17:12.400 japan got there first they got there about 15 years earlier than us uh for the simple reason

00:17:19.840 that the demographic spike that i'm talking about across the western world um is also happening in

00:17:26.000 japan but it's happening 15 years earlier because they they are on a slightly different cycle for

00:17:30.240 for different reasons their boom came earlier than ours did um that has happened more in the um

00:17:38.240 um latter stages of the silent generation uh and they have been floundering ever since but now western

00:17:45.680 governments um you know uh western yeah they they have been catching the same issue they they're running

00:17:54.880 large deficits and these are structural deficits they can't shift them okay so what do you do well one

00:18:01.600 element like i say is raising taxes and we've been talking about that second element

00:18:07.520 is if there's a gap they simply monetize it um short version they they print a lot of money

00:18:13.520 whenever they need to fund that gap between what they're bringing in and what they're sending out

00:18:19.120 and we talked about this on brokonomics many times so i won't go into too much detail but essentially

00:18:24.880 the money that they're creating debases the value of all the existing money out there

00:18:31.760 so money becomes worth less over time and things that are not being washed out through this debasement

00:18:42.400 process are becoming worth more and we are certainly in the stage of the cycle at the moment where

00:18:48.800 people understand that you need to get out of simply holding money you don't just want a large bank

00:18:56.800 account you need to do something with it you need to get it into something which the government cannot

00:19:02.000 print a major beneficiary of that in terms of value would be land because of course we are not going

00:19:09.440 to get any more land in the uk so the amount is fixed so therefore the value of the land starts to rise

00:19:16.880 quite significantly capital gains tax does not take into account inflation so capital gains tax is evil

00:19:27.360 anyway because you know things like you know the value of your house if it gets beyond a certain

00:19:33.840 threshold or your second house or your other asset whatever your set of assets is if they can't be printed

00:19:38.800 they are going to go up over time and they might even go up relatively nicely say 14 a year

00:19:47.600 but you know somewhere between 14 15 16 percent that's the rate that the money is being debased

00:19:54.080 every year so the value of these things can go up and you're not actually getting any richer in terms

00:20:01.920 of what you can buy with it it's simply that these assets are repricing to the amount of money

00:20:10.400 um debasement that is occurring okay so you apply that to land land is getting significantly more

00:20:19.600 valuable because of this debasement effect the land itself is not becoming more valuable

00:20:25.920 um well i suppose it is to a small extent in that the population is growing and therefore the share of

00:20:30.320 land adjusts because of that but that's not really what's driving here it's simply the debasement effect

00:20:35.120 effect so apply that back to farmers

00:20:42.640 they never asked for the land values to go up

00:20:45.040 it is simply a part of what they need to use in order to carry on the farming and for this reason

00:20:57.040 farmland had always been exempt from capital gains as a recognition of you know this was this

00:21:02.560 is not something they're speculating on it's it's it's the farm it's very basic

00:21:11.120 but labour doesn't see it like that they just see a bunch of rich people

00:21:15.200 who have millions of pounds worth of land

00:21:22.320 and from their perspective these people are greedy because they're not paying their fair share

00:21:29.760 and we've seen this on twitter or x um ever since labour did this a load of spiteful lefties

00:21:36.880 are cock a hoop about this because they're saying all these rich farmers are going to be you know made

00:21:42.160 to pay their fair share and they've been hoarding all this wealth well it's not wealth it's land

00:21:49.040 it's just a basement has made it the cash value of that land go up

00:21:56.720 a lot of these some of these farmers are earning good money and they're

00:22:01.040 and they're traditionally rich in the sense that they have liquid assets um they have liquid wealth but

00:22:06.960 a lot of them are not they're really struggling they just happen to be rich in terms of the land

00:22:13.440 if they were to sell it they never asked for this so now when the older generation passes

00:22:26.480 the younger generation going to find themselves where they have no increase in liquid wealth they

00:22:31.760 haven't got a you know huge bank account something because that's how the left thinks about wealth they

00:22:35.840 think it is this huge stock of um you know you know that they think of scrooge mcduck

00:22:41.920 diving into a vault full of gold coins they can't perceive wealth in any other way because they're 0.99

00:22:46.880 they're stupid smaller farms are going to get hit with these enormous um inheritance tax bills 1.00

00:22:57.360 and the only way they're going to be able to pay is by selling off a chunk of land 1.00

00:23:00.880 to pay the tax and a lot of them are farmers that are only just viable as they are because farming has

00:23:10.560 been attacked by successive governments so they're going to sell off a block of land and the farm

00:23:18.480 may now may now be unviable it is completely wrong um

00:23:30.240 the left doesn't care a senior labor advisor went on i think it was gb news and he was incredibly

00:23:40.080 spiteful towards farmers he was saying well we just don't need them we don't need farmers you know because

00:23:45.600 again if you're a socialist um why do you need farmers you can get food from shops

00:23:52.400 um he doesn't like the fact that these people are angry about these huge taxes because people

00:23:57.360 because in his mind rich people should should not complain about taxes because they're not paying their

00:24:02.240 fair share um it it's it's awful and it's wrong so uh hopefully i can get a farmer

00:24:09.520 on the channel soon uh to talk about this but it's it's something that i had to flag up uh because

00:24:16.960 this this needs to come we need to come back to this and we're going to have to solve this this

00:24:21.920 problem as a country what else has been happening according to henley and partners

00:24:30.320 16 and a half thousand uk millionaires have fled the country since labor have got in and a bit before

00:24:37.040 when it became obvious labor we're going to get in and again the left is spitefully happy about all

00:24:43.360 of this happening they're saying good riddance off you go um they have two thoughts on this one is you

00:24:51.680 know good that these evil rich people are going because they just don't like people who have money

00:24:58.320 and the other thing is when you when you put it to a lefty well more rich people are going to leave

00:25:02.000 and it's actually if you look at tax income i i know most of us pay tax but it's the it's the top

00:25:10.560 10 who pay the overwhelming majority of taxes if you if you force these people to go so if you if

00:25:15.840 you tell people you tell lefties that this is going to happen more they don't believe you they say well

00:25:21.520 how can they go why would they go they wouldn't just abandon everything because again in their mind

00:25:26.000 they're running on an outdated model they think that rich people are these mustache twirling um

00:25:33.040 rich factory owners or something that are tied to the land but that's not how wealth works anymore

00:25:41.360 a lot yes that will be the case for some people but a lot of people they they actually can up and

00:25:45.840 leave and of those almost 17 000 i'm sure it's 17 000 by now millionaires a lot of center millionaires

00:25:52.480 are going to be in there um people are just going to leave and it takes me back to that episode i did

00:25:57.760 broconomics of the sovereign individual the prediction of where the current economic logic

00:26:04.640 that governments are operating on people who can leave the western world will do so 0.98

00:26:12.000 and invariably they'll make it harder and harder to leave and they'll be more and more punitive to the

00:26:16.480 people who stay the people who for whatever reason can't get out you know we we need to change this model

00:26:21.840 um let's move on let's talk about inflation um western governments are currently of the view

00:26:29.600 that they've got inflation sorted because the inflation number has come down but again as we

00:26:36.720 talked about on broconomics the inflation number

00:26:43.040 it's a rate of change it measures how much prices are increasing so inflation can come all the

00:26:50.800 way down to zero and all that means is that prices have stopped going up it doesn't mean that the

00:26:56.880 price level has come back down again and and your average normie gets this uh wrong they think when

00:27:05.360 inflation comes down what that means is the price level is coming down well the price level even at

00:27:10.000 inflation of zero the price level has still gone up and isn't going down you need negative inflation in

00:27:15.280 order to get the price level down um anyway so governments are very happy at the moment because

00:27:20.560 inflation is down to two or three percent across most of the western world including in the uk

00:27:26.720 but you still had the 30 or 40 percent a year that we had during the covid era

00:27:34.000 um that hasn't gone anywhere

00:27:35.920 so where does that get us to the western world the uk has a major bond problem

00:27:48.400 bond yields are rising so again we've done an episode of that but a quick recap

00:27:55.440 bond prices and yields move in the opposite direction so let's say you've got a hundred pound bond

00:28:01.280 uh and it pays a coupon of five percent a year um so the yield on it is is five percent

00:28:11.600 if fewer people want to buy that bond and in order to sell it they have to drop the price

00:28:17.040 to say fifty pounds well it's still paying five pounds a year coupon um but five pounds on fifty

00:28:26.000 pounds is a ten percent yield so you see as bonds become less attractive the yield on them goes up

00:28:33.680 and that's really important because when the governments want to issue future debt because

00:28:38.960 remember they're running their these big deficits they have to in order to sell any of them they have

00:28:44.480 to match the yield that is prevailing in the market so the yield that they have to sell the new debt on

00:28:51.280 and also rises um and that's what's happened to labor in fact it's happening across the western world

00:28:58.640 is is after the after the uk budget um yields went up because bond buyers are increasingly realizing

00:29:08.400 that these governments have no plan to pay back real value they only have a plan to debase the money supply

00:29:16.480 so the value of those future series of coupons out into the future are going to be worth less

00:29:23.840 because of this debasement effect because of the money printing and therefore they are only willing to

00:29:29.440 buy these bonds um if the yield is suitably high enough in order to compensate them not the case for

00:29:37.920 all bond buyers there's a lot of people who are basically forced to buy bonds uh pension funds insurance

00:29:42.720 funds um a whole bunch of people are uh required through regulation to to buy them so you've always

00:29:49.440 got that floor but you've always got those marginal buyers as well who are looking at this and realizing

00:29:54.640 it's increasingly bad deal and so the cost of governments using debt to service this deficit that

00:30:06.240 they're constantly running is going up and up and this is a trend that is just picking up pace

00:30:16.720 there appears to be no viable plan to get on top of this

00:30:29.840 government is going to become unaffordable

00:30:31.920 it's happening now um how does it play out does it play out by

00:30:42.720 you know a big event you know do we all wake up one morning to find that the bond markets have crashed

00:30:49.200 there's been this widespread um awakening moment but there's no there's no point buying these things

00:30:58.960 and governments collapse they can't pay the bills they can't pay the wages

00:31:03.760 i suspect not because they got this floor of buyers the people who regulate uh regulated into

00:31:08.480 being forced to buy it so i think we're just going to have this trickle where government becomes more

00:31:12.960 and more dysfunctional over time and the cost of government gets higher and therefore they impose

00:31:18.160 all these new taxes more people leave um they try and make it harder for people to leave and take their

00:31:23.760 money with them you know the i i suspect the collapse is going to be slow enough that government has time

00:31:30.000 to respond and try and make in their mind to try and solve the problem but everything they will do

00:31:35.120 will make the problem worse so i think we're in a grinding collapse and the uk you the whole western

00:31:42.320 world they need a political earthquake to save themselves which brings me on to the second thing

00:31:47.520 uh that i wanted to get into trump's win

00:31:54.880 that is a momentous political earthquake uh

00:32:06.800 following on on this theme you'll be well aware that he's made a number of excellent appointments

00:32:11.760 uh i'm delighted every time i hear a new appointment i just think that's perfect there's a whole bunch

00:32:17.680 that we could talk about that probably don't fit into into into an episode of broconomics i love the

00:32:23.360 stuff he's been doing with um rfk getting the health department which is the largest spending department

00:32:32.080 in in all of the us i love the fact that he he took tulsi gabbard who is who was put on the terror watch

00:32:40.160 list and was harassed and um severely inconvenienced every time she she wanted to fly because of this

00:32:49.840 and she and they put her in charge of uh national security and intelligence agencies so there's a 0.99

00:32:55.280 whole bunch i love probably the most interesting for us for broconomics is going to be what they did

00:33:01.200 with uh this department of government efficiency doge headed up by vivek ramaswami and elon musk

00:33:08.400 to watch the full video please become a premium member at lotus eaters.com

The Podcast of the Lotus Eaters - November 19, 2024

PREVIEW： Brokenomics ｜ Anglosphere Economy Update

Episode Stats

Summary

Transcript