Unf*cking The Republic
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- 13. Nov. 2026
Über den Podcast
Unf*cking The Republic® (UNFTR) is dedicated to progressive politics, leftist economic theories, and social justice in the United States. Join us for deep dives into socialism, labor rights, climate justice, and the fight against inequality. Whether you're curious about Marxist ideas, modern social movements, or progressive policies, UNFTR delivers thoroughly sourced critiques, analyses, and interviews with the historical context mainstream media won't provide. Subscribe for informative and unabashedly progressive coverage of the leftist political and economic landscape.
Folgen 481
Another Hot Inflation Print Lights Up The Consumer.
The inflation numbers came out hotter than expected once again prompting many to think that the Federal Reserve will hike rates in December by 50 basis points. Is this episode, Max details what’s wrong with …
Shownotes
The inflation numbers came out hotter than expected once again prompting many to think that the Federal Reserve will hike rates in December by 50 basis points. Is this episode, Max details what’s wrong with traditional thinking among economists and policymakers with respect to inflation and the neoclassical approach to managing it. This is the most complete breakdown of inflation we’ve done on UNFTR thus far because there is so much missing from the mainstream analyses. The Trump administration has painted itself into a corner with its destructive economic policies and Democrats are going to have their hands full putting things back together.
Get involved with our Fall Fund, Friend, and Hell Raiser.
Resources
PBS News Hour: U.S. inflation report highlights strain of rising food, energy and housing costs
Federal Reserve: The Economic Outlook and Some Thoughts on Labor Market Dynamism
U.S. Bureau of Labor Statistics: Consumer Price Index Summary
U.S. Bureau of Labor Statistics: Consumer Price Index for All Urban Consumers (CPI-U)
U.S. Bureau of Labor Statistics: Consumer Price Index Summary
Federal Reserve Bank of St. Louis: Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
Federal Reserve Bank of St. Louis: Employed full time: Median usual weekly nominal earnings (second quartile)
Federal Reserve Bank of St. Louis: Average Hourly Earnings of All Employees, Total Private
Federal Reserve Bank of St. Louis: Consumer Price Index for All Urban Consumers: Rent of Primary Residence in U.S. City Average
Federal Reserve Bank of St. Louis: Average Amount Financed for New Car Loans at Finance Companies
Federal Reserve Bank of St. Louis: S&P Cotality Case-Shiller U.S. National Home Price Index
Bureau of Economic Analysis: Personal Saving Rate
Federal Reserve Bank of St. Louis: Revolving Consumer Credit Owned and Securitized
Federal Reserve Bank of St. Louis: Personal Saving Rate
Federal Reserve Bank of St. Louis: Labor Force Participation Rate
CNBC: Trump tells CNBC he can work with Dems on ‘many more things than people understand’
UNFTR Resources
Video: Is Trump’s Economy Breaking Faster Than the Fed Can Fix It?
Essay: Another Hot Inflation Print Lights Up The Consumer.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Hold Fast.
Support the show: https://www.unftr.com/memberships
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On The Record (11-10-26).
This week’s On The Record covers headlines from Hegseth’s impeachment and the end of the Cybertruck to Boebert’s loss and Jensen Huang’s affair. In Max Notes, Max addresses the so-called “Jewish question” in …
Shownotes
This week’s On The Record covers headlines from Hegseth’s impeachment and the end of the Cybertruck to Boebert’s loss and Jensen Huang’s affair. In Max Notes, Max addresses the so-called “Jewish question” in modern context and demonstrates how conservative organizations like AIPAC and the ADL made a huge mistake aligning with MAGA and the alt-right. Now that Trumpism is coming to an end and MAGA is splintered, it leaves Jewish Americans in even greater peril. KLTW goes to Bassem Youssef on Piers Morgan for elite level trolling of settlers in Gaza and Chart of the Week addresses global liquidity and the current business cycle.
Chapters
Intro: 00:00:39
Quick Takes: 00:01:21
Max Notes: 00:06:21
Killer Left Take of the Week: 00:20:47
Chart of the Week: 00:23:17
Memberships: 00:24:43
Outro: 00:29:16
Resources
Good Morning America: Ole Miss student’s doorbell camera recording sparks outrage
NBC News: Tesla to wind down production of Cybertruck
Pondering Politics: BREAKING: Lauren Boebert LOSES election
CBS Evening News: Nvidia probing CEO after he admitted to affair with alleged Chinese spy
Bloomberg Television: Trump Backs Nvidia CEO After He Admits Affair
The Strokes: Lonely in the Future
MS Now: GOP Rep. Massie introduces EIGHT articles of impeachment against Hegseth
Jacobin: End the Private Health Insurance Tax: Pass Medicare for All
Forbes Breaking News: Zohran Mamdani Shares Message To Jewish New Yorkers After Midterm Elections
60 Minutes: President Donald Trump: The 2026 60 Minutes post-midterms interview
Jonathan Weisman: (((Semitism))) Being Jewish in America in the Age of Trump
Ze’ev Jabotinsky: The Iron Wall
Shane Burley + Ben Lorber: Safety through Solidarity: A Radical Guide to Fighting Antisemitism
Piers Morgan Clips: Bassem Youssef TROLLS Daniella Weiss On Israel Elections, West Bank Settlements
Resources
Video: On The Record 11-10-26 (What’s next for American Jews now that MAGA is dead?)
Episode: The “Jewish Question.”
Video: Trump’s Final Days Just Got More Dangerous.
Video: Phone A Friend: Ben Lorber & Shane Burley
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
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Kapitel (8)
Phone A Friend: Nick Hanauer.
Nick Hanauer of Civic Ventures and the Pitchfork Economics Podcast sits down with Max for a lengthy discussion on economic systems. For the past few years, Nick has worked closely with economists from around …
Shownotes
Nick Hanauer of Civic Ventures and the Pitchfork Economics Podcast sits down with Max for a lengthy discussion on economic systems. For the past few years, Nick has worked closely with economists from around the world to develop a new framework called Market Humanism to fundamentally shift the current post-neoliberal paradigm toward something more beneficial for the masses and away from the one percent.
Resources
Institute for New Economic Thinking
Democracy: A Journal: Market Humanism: A New Paradigm for a New Era
Jacobin: Thomas Piketty’s Utopian Socialism
Thomas Piketty: Capital in the Twenty-First Century
UNFTR Resources
Video: Phone A Friend: Nick Hanauer
Transcript: Phone A Friend: Nick Hanauer
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.
The Market Just Lost Its Sugar Daddy.
After the initial post-election market gains, the stock market came crashing back down to earth with losses heavily concentrated in the tech center. The AI trade is coming under intense scrutiny and pressure …
Shownotes
After the initial post-election market gains, the stock market came crashing back down to earth with losses heavily concentrated in the tech center. The AI trade is coming under intense scrutiny and pressure with several states voting for moratoriums against new data center construction. Other factors like hyperscaler debt and cash flow issues, nebulous financing agreements, and slowing revenue growth from high profile companies like Anthropic are poisoning the AI investment narrative. And Donald Trump, one of its biggest proponents who has been blocking and tackling for the industry and giving it everything it asks for, was just hammered in the midterms.
Resources
Yahoo! Finance: Chipmakers Tumble Toward Worst Day In Years: Nvidia, Micron And Broadcom Down Over 8%
CNBC: What was really behind Wednesday’s monster rally? Trump quickly making peace
Bloomberg: S&P 500 Sinks 4% as AI Washout Rattles Wall Street: Markets Wrap
Yahoo! Finance: Wall Street Selloff Sends Nasdaq Down 4% as Dow Plunges More Than 1,000 Points
Bradenton Herald: Investors wipe $2.5 trillion off Nasdaq as blue tsunami prompts AI fears
Compute Law Blog: Bonus depreciation for AI data center equipment
The American Prospect: The Companies That Got $83 Billion in Tax Breaks Last Year
The White House: Fact Sheet: President Donald J. Trump Accelerates Federal Permitting of Data Center Infrastructure
investingLive: US government builds $30bn stock portfolio across 43 deals in chips, minerals and quantum
Politico: ‘AI earthquake’: Democrats eye a Silicon Valley reckoning
The Business Times: Alphabet shares fall after revenue miss, cash burn worsens
CNBC: Alphabet sinks 10% as it holds 2026 capex unchanged, expects significant increase in 2027
SEC: Meta Reports Third Quarter 2026 Results
CNBC: Amazon posts negative free cash flow of $42.4 billion, holds 2026 capex unchanged
SEC: Oracle Announces Q1 Results Driven by Triple Digit Growth in Cloud Infrastructure Revenues
FourWeekMBA: AI Weekly: Capex Outran Cash as Off-Book Bills Neared $4T
SEC: Anthropic S1
Trading Economics: US 10-Year Yield Falls on Safe-Haven Demand
Reuters: AI credit worries send default insurance to record high
BBC News: These firms you’ve never heard of are feeding fears the AI bubble could burst
FourWeekMBA: How Neoclouds Work: 6% Debt on Microsoft Rent, and 4 Risks
Reuters: Trump lashes out at Fed after Warsh backs rate hike
Mother Jones: Midterm Rout for Data Centers: Voters in Nearly 40 Towns Rejected Projects
CNBC: Voters rebuff data centers in every ballot measure except one during the 2026 midterms
24/7 Wall Street: IREN Sinks 9% After Report Links It to Microsoft’s AI Spending Delay; Nebius Tumbles 11%, CoreWeave Slides 7%
South China Morning Post: How Democratic sweep could slow AI growth in US – and help China’s ambitions
State of AI: Is AI Data Center Debt the Next Subprime?
Bisnow: Life Insurers Writing Riskier Loans To CRE, Setting Off Alarm Bells
The New York Times: U.S. Pensions Are Riding the A.I. Wave. For Better or Worse.
InvestmentNews: Democrats take Congress: what it means for your clients
UNFTR Resources
Video: Tech Stocks Crashed After the Midterms. Here’s Why.
Essay: The Market Just Lost Its Sugar Daddy.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Hold Fast.
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.
Omnibus (11-5-26).
Join Max and 99 for a special midterm recap edition of Omnibus! Chapters Intro: 00:00:31 Midterms Recap: 00:01:35 Headlines: 01:11:12 Emails: 01:11:43 FFFHR: 01:18:08 Memberships: 01:31:02 Outro: 01:31:44 …
Shownotes
Join Max and 99 for a special midterm recap edition of Omnibus!
Chapters
Intro: 00:00:31
Midterms Recap: 00:01:35
Headlines: 01:11:12
Emails: 01:11:43
FFFHR: 01:18:08
Memberships: 01:31:02
Outro: 01:31:44
Resources
Mother Jones: Voters Rejected the Political System the Supreme Court Created
Mother Jones: The GOP’s Mid-Decade Gerrymandering Strategy Was an Epic Fail
Common Dreams: After Blue Tsunami, Progressives Say ‘This Is a Mandate to Deliver Big Change’
Jacobin: Last Night’s Victories Were Made Possible by Zohran Mamdani
UNFTR Resources
Video: The Left Won Big. But So Did the Center. The Fight Ahead.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Hold Fast.
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Kapitel (8)
On The Record (11-03-26).
Action packed On The Record with midterm predictions and a look at the chaos unfolding all across Europe. Features include Haley Stephens revealing her true allegiance, Scott Bessent hiding from a legitimate …
Shownotes
Action packed On The Record with midterm predictions and a look at the chaos unfolding all across Europe. Features include Haley Stephens revealing her true allegiance, Scott Bessent hiding from a legitimate question, the UK government encouraging citizens to stockpile for emergencies, and Christine Lagarde throwing in the towel. Killer Left Take of the Week goes to Adam McKay’s studio for its new mock infomercial on Exxon. We’ve got a snippet from our Phone A Friend with Pitchfork Economics co-host Nick Hanauer and a special Max Notes segment on the military budget.
Chapters
Intro: 00:00:38
Quick Takes: 00:01:39
Memberships: 00:06:10
Phone A Friend: 00:08:04
Max Notes: 00:10:15
Killer Left Take of the Week: 00:23:52
Chart of the Week: 00:25:05
Outro: 00:26:57
Resources
CNN: Multiple Stevens aides quit after she endorses MI GOP Senate candidate
AIPAC Tracker: Haley Stevens Sees Israel In Her Dreams
BBC News: Why is the UK telling people to stockpile?
Bloomberg Television: ECB’s Lagarde Says She Can’t Stay Neutral in Current Situation
KARE 11: Treasury Secretary asked about ICE paying for MN prison
The New York Times: Iran War Cost Rises to $47.1 Billion, Pentagon Told Lawmakers
SIPRI: Trends in World Military Expenditure, 2025
Head Start: About the Office of Head Start
Democracy: A Journal of Ideas: Market Humanism: A New Paradigm for a New Era
POGO: The True Total U.S. Military Budget
DefenseNews: Pentagon fails financial audit for 8th year in a row
Straight Arrow News: Pentagon’s failed audit obscures how taxpayer dollars are actually being used
npr: U.S. withdrawal from Iraq is complete
CNN: US troops complete Iraq exit, as Iran and its allies celebrate
Brown: Costs of the 20-year war on terror: $8 trillion and 900,000 deaths
A-Mark Foundation: Afghanistan War: U.S. Deaths and Costs
Task & Purpose: 2 airmen died in noncombat incidents while supporting Iran war operations
Polygraph: Over 110 US military aircraft lost or damaged in Iran War
Task & Purpose: US munition stockpile ‘especially problematic’ in a war with China, report warns
Forever Wars: No, The Navy’s Lasers Are Not Ready for Iranian Drones
Bloomberg: US Starts at ‘Basically Zero’ in Cheap Military Drones (Correct)
MarineLink: Inside Iran’s Precision Strikes on Port, Energy Infrastructure
Responsible Statecraft: 750 US Military bases remain around the planet
Yellow Dot Studios: New Exxon El Niño Commercial
UNFTR Resources
Video: Phone A Friend: Nick Hanauer
Essay: The Duhpartment of Duhfense.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
Support the show: https://www.unftr.com/memberships
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Kapitel (9)
Phone A Friend: Anand Giridharadas.
Anand Giridharadas joins the show to discuss the fatal subway encounter involving Jordan Neely and what it says about America. We examine the death of Jordan Neely through the lens of Anand Giridharadas’ new …
Shownotes
Anand Giridharadas joins the show to discuss the fatal subway encounter involving Jordan Neely and what it says about America. We examine the death of Jordan Neely through the lens of Anand Giridharadas’ new book, Man in the Mirror. The conversation moves beyond the immediate headlines to explore how this tragedy functions as a national Rorschach test, forcing us to confront the divide between those who view such acts as necessary vigilante violence and those who recognize a systemic failure of care. This episode provides a critical look at modern American politics, analyzing how urban decay and inequality shape our collective reactions to public tragedy. By centering the lived experience of the victims, we gain a clearer understanding of how these events are framed by the media and what that framing reveals about our current social landscape.
Resources
Anand Giridharadas: Man in the Mirror: Hope, Struggle, and Belonging in an American City
Anand Giridharadas: The True American: Murder and Mercy in Texas
UNFTR Resources
Video: Anand Giridharadas | What a Subway Murder says About America
Transcript: Phone A Friend: Anand Giridharadas
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.
Omnibus (10-31-26).
Max and 99 are back for another round of Omnibus and kicking off the Fall Fund, Friend, and Hell Raiser. They cover some midterm predictions, and hit headlines on market humanism and how neoliberalism …
Shownotes
Max and 99 are back for another round of Omnibus and kicking off the Fall Fund, Friend, and Hell Raiser. They cover some midterm predictions, and hit headlines on market humanism and how neoliberalism engineered oligarchy inside the shell of democracy, plus RFK Jr. unilaterally greenlighting unapproved peptide injections over FDA scientists’ objections. Then they tackle listener emails on whether the right really plays the long game, why Democrats abandoned the Biden agenda, and what Serbia’s student movement can teach us about non-negotiables. Enjoy!
Chapters
Intro: 00:00:16
Midterm Predictions: 00:23:55
Headlines: 00:38:24
Emails: 00:54:31
Beyond the Bullshit: 01:25:11
Memberships: 01:28:15
Outro: 01:28:42
Resources
Means Workwear: Mamdanistan Shirt
The New York Times: Kennedy to Allow Broad Use of Unapproved Peptide Injections
Democracy Journal: Market Humanism: A New Paradigm for a New Era
The Guardian: Trump says he asked Google CEO to rename Atlantic Ocean on Maps
UNFTR Resources
Video: Phone A Friend: Nick Hanauer
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Hold Fast.
Support the show: https://www.unftr.com/memberships
See omnystudio.com/listener for privacy information.
Kapitel (8)
Don’t Buy the AI Hype Before Listening to This.
The AI bubble is showing signs of a rapid collapse that investors are ignoring. We break down why the market is primed for a crash. Three major developments are signaling that the current AI craze is reaching a …
Shownotes
The AI bubble is showing signs of a rapid collapse that investors are ignoring. We break down why the market is primed for a crash. Three major developments are signaling that the current AI craze is reaching a breaking point much faster than Wall Street anticipates. From structural risks in China to the accumulation of off-balance-sheet obligations, these warnings are being drowned out by the noise of election cycles and quarterly earnings reports. This analysis examines how major IPOs in the sector are masking underlying instability. By looking past the current hype, we identify the systemic vulnerabilities that suggest an economic correction is already underway for those willing to look at the data.
Resources
SEC: Anthropic S1
Reuters: In China, the AI bubble has already burst
The New York Times: Musk Pledges SpaceX Stock for ‘Every Kid in America’ as Billionaires Push Direct Donations
The Telegraph: China’s AI boom turns to bust: Stocks suffer $480 billion wipeout as ‘now we see the bubble bursting’
Fortune: Alphabet’s Google Cloud revenue doubles to $31 billion as cash flow stays deep red
CNBC: Alphabet sinks 10% as it holds 2026 capex unchanged, expects significant increase in 2027
Bloomberg: Microsoft’s Surging Cloud Sales Show AI Spending Paying Off
The Wall Street Journal: Why Big Tech’s AI Spending Is $3 Trillion Higher Than It Seems
InvestingLive: Big Tech’s AI spending is $3 trillion bigger than balance sheets show
The Noble Update: The credit market just cut off the weakest companies in America
SEC: SpaceX Prospectus
UNFTR Resources
Video: Don’t Buy the AI Hype Before Watching This
Essay: Don’t Buy the AI Hype Before Reading This
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
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On The Record (10-27-26).
This week we celebrated 99 years of stubborn optimism with Max’s father-in-law, and took seriously his assessment that it’s 1932, with all the chaos and heartache that implies before something better emerges on …
Shownotes
This week we celebrated 99 years of stubborn optimism with Max’s father-in-law, and took seriously his assessment that it’s 1932, with all the chaos and heartache that implies before something better emerges on the other side. Then we dug into the Anthropic prospectus, which confirms what we’ve been saying: it’s not the railroad or the internet, it’s an accelerant to monopolization, greasing the wheels for the companies that are already winning while the rest of the economy starves. The greatest misallocation of capital in history, right on schedule.
Chapters
Intro: 00:00:45
Quick Takes: 00:01:26
Phone A Friend: 00:07:52
Memberships: 00:11:03
Max Notes: 00:12:41
Killer Left Take of the Week: 00:26:13
Outro: 00:27:54
Resources
The Kiffness: Donald Trump BURP REMIX!
Matthew McConaughey On Instagram
CNN: What a photojournalist learned after being beaten by Jewish settlers
American Redact: Ethan Klein’s Cheating Scandal is Worse Than You Think
NBC News: Ramaswamy ad puts Acton’s estranged mother in spotlight as records reveal family’s troubled past
Reuters: France’s Le Pen launches presidential bid as protests rattle the nation
Mother Jones: Lula’s Surprise Win Blocks Trump’s Push for a Far-Right Brazil
Anand Giridharadas: Man in the Mirror: Hope, Struggle, and Belonging in an American City
Bloomberg: Anthropic Mum on Investment Grade as It Warns of More Debt
The Noble Update: This is going to be the biggest misallocation of capital in history
Bell System Memorial: A Capsule History of the Bell System
Enclyopedia.com: Surviving the Great Depression
Butler Eagle: How did there get to be a ‘Big 3’?
More Perfect Union: We Went To Rural Florida: The Healthcare Crisis Will Shock You
UNFTR Resources
Essay: Anthropic’s IPO Is Very Silly.
Video: Phone A Friend: Anand Giridharadas
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Hold Fast.
Support the show: https://www.unftr.com/memberships
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Kapitel (8)
Phone A Friend: Jared Yates Sexton.
Jared Yates Sexton joins Max to analyze the current state of progressive activism and how to effectively challenge the status quo. After years of audience requests, this conversation brings together two …
Shownotes
Jared Yates Sexton joins Max to analyze the current state of progressive activism and how to effectively challenge the status quo. After years of audience requests, this conversation brings together two critical voices to discuss the mechanics of movement building. We examine how shaping political narratives remains the most vital tool for the Left, particularly when navigating the complexities of the current administration. The conversation moves beyond the typical punditry to address the practical realities of leftist organizing. We break down the necessity of coordinating ground-level efforts to ensure that progressive goals remain front and center in U.S. politics, rather than being sidelined by mainstream distractions.
Resources
Dispatches From A Collapsing State Substack
Jared Yates Sexton: The Man They Wanted Me to Be: Toxic Masculinity and a Crisis of Our Own Making
Jared Yates Sexton: American Rule: How a Nation Conquered the World But Failed Its People
Jared Yates Sexton: The Midnight Kingdom: A History of Power, Paranoia, and the Coming Crisis
Dispatches From A Collapsing State: The Case of Hasan Piker: How to Avoid Having a Debate You Can’t Win
Dispatches From A Collapsing State: Descent Into Madness: The Ritualization of Death and Fascism
UNFTR Resources
Video: Phone A Friend: Jared Yates Sexton: Left Activism in the Age of Trump
Transcript: Phone A Friend: Jared Yates Sexton.
Max on Straight White American Jesus.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility
Intro music by Tom McGovern.
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Omnibus (10-24-26).
Max and 99 are back for another round of Omnibus. They hit headlines on the French banlieues erupting and what the protests reveal about the global assault on social spending, and Elon Musk promising every …
Shownotes
Max and 99 are back for another round of Omnibus. They hit headlines on the French banlieues erupting and what the protests reveal about the global assault on social spending, and Elon Musk promising every American kid a SpaceX share while barely denting his holdings. Then they tackle listener emails on how lifelong Democratic voters find their footing in a movement that’s outpaced the party, Trump’s “we’re all going to die anyway” worldview, and whether the only options are capitalism or the DSA. Enjoy!
Chapters
Intro: 00:00:18
Headlines: 00:12:14
Emails: 00:26:50
Beyond the Bullshit: 00:58:37
Memberships: 01:05:02
Outro: 01:05:29
Resources
Anand Giridharadas: Man in the Mirror: Hope, Struggle, and Belonging in an American City
The American Prospect: Is Paris Burning?
World Socialist Web Site: The bond markets, rearmament and the global assault on social spending
UNFTR Resources
Video: Phone A Friend: Jared Yates Sexton: Left Activism in the Age of Trump
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Kapitel (7)
(Mis)Anthropic: The Math Ain’t Mathing So Good.
Reuters “leaked” information from the forthcoming Anthropic prospectus and the numbers were pretty brutal. But that isn’t stopping all of Wall Street from lining up to invest in yet another AI company (SpaceX) …
Shownotes
Reuters “leaked” information from the forthcoming Anthropic prospectus and the numbers were pretty brutal. But that isn’t stopping all of Wall Street from lining up to invest in yet another AI company (SpaceX) with no discernible path to profitability. In this episode, Max digs through what we learned from the Reuters release and pairs it with other publicly available information on Anthropic to paint a bleak picture of a five-year old company that loses a ton of money but is somehow asking to be valued at around $2 trillion. Max then leads a philosophical discussion about the future of AI and punching babies. (That last part will make more sense in context.)
Resources
Reuters: Anthropic’s IPO prospectus shows sweeping AI vision, surging costs
Perplexity Finance: AMZN
Perplexity Finance: XOM
Perplexity Finance: C
Reuters: Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say
AI: Reset to Zero: Anthropic Paces the Frontier, and Floors the IPO
Financial Times: Anthropic tells investors it will be profitable for second straight quarter
The New York Times: The Fallout From OpenAI’s Revenue Surprise
Bloomberg: Anthropic’s Annualized Revenue to Top $100 Billion in 2026, NYT Says
TechTarget: Report: Anthropic locks in $518B AI infrastructure commitments
Measured AI: Anthropic’s 15+ GW Data Center Build: Claude’s Compute, Campuses, and Chips
Investing.com: Earnings call transcript: Alphabet beats Q2 2026 estimates, shares fall on capex surge
Flowtivity: US vs China AI Models Compared: GPT-6 Astra, Fable 5.1, GLM 5.3, Kimi K3, DeepSeek V4, Qwen 3.8
BBC News: Amazon finally flows into profit
AEI: Who Should Antitrust Protect? The Case of Diapers.com
CNBC: SpaceX raises $25 billion in debt sale less than two weeks after IPO
Tech Times: Anthropic $15B Credit Line: Banks Commit $1B-Plus Each to Lock In IPO Roles
Yahoo! Finance: Wall Street tests lender appetite with $60 billion Broadcom-Anthropic deal
Dario Amodei: We Must Pace the Frontier
CSI Magazine: FCC says broadband competition is driving faster speeds and wider coverage
UNFTR Resources
Video: Anthropic, AI, and Why We Need to Talk About Punching Babies.
Essay: Mis(Anthropic).
Episode: The SpaceX IPO Fraud.
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On The Record (10-20-26).
This week we went deep on the structural argument that should underpin everything else—disaster privilege, capitalism as the constant, and why the real battle isn’t between the two parties but between the …
Shownotes
This week we went deep on the structural argument that should underpin everything else—disaster privilege, capitalism as the constant, and why the real battle isn’t between the two parties but between the status quo and something that hasn’t been named loudly enough yet. DSA isn’t the radical fringe; it’s the only thing moving the conversation in the right direction, and the in-between days matter as much as Election Day.
Chapters
Intro: 00:00:45
Housekeeping: 00:01:00
Max Notes: 00:03:13
Resources
F.D Signifier: Fallen Idols: How Black Leaders Fail Us
Cato Unbound: The Education of a Libertarian
Prison Policy Initiative: United States profile
Airmail: The View from Here
Al Jazeera English: Progressives, AIPAC & the future of the Democratic Party: Neera Tanden & Mehdi Hasan
The Majority Report w/ Sam Seder: James Carville Prays Dems Lose Midterms To GOP
Federal Reserve Bank of St. Louis: Share of Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles)
Brad Onishi: American Caesar: How Theocrats and Tech Lords Are Turning America into a Monarchy
UNFTR Resources
Video: On The Record 10/20/26 (Stupid Democrats, Evil Republicans and the Future King of America.)
Video: Phone A Friend: Jared Yates Sexton: Left Activism in the Age of Trump.
Episode: Russell Vought’s 7 Point Plan To Steal the Election.
Episode: The Economics of Racism.
Episode: Don’t Stop Agitating: A Treatise on Leftism.
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Kapitel (4)
Omnibus (10-18-26).
Max and 99 are back for another round of Omnibus. They cover headlines on the SSI asset trap keeping 7.5 million Americans in poverty and the 2028 Democratic slate. Then they tackle listener emails on what AI …
Shownotes
Max and 99 are back for another round of Omnibus. They cover headlines on the SSI asset trap keeping 7.5 million Americans in poverty and the 2028 Democratic slate. Then they tackle listener emails on what AI utopia actually looks like for the rest of us, using credit rating agencies to stop data center buildouts, and Russ Vought’s post-midterm constitutional endgame. Enjoy!
Chapters
Intro: 00:00:32
Headlines: 00:12:49
Emails: 00:25:20
Memberships: 00:59:09
Outro: 01:00:28
Resources
Ken Klippenstein: Exclusive: How the Military Will Hack the Election
New Republic: This Is the U.S. Government’s Most Maddening Poverty Trap
Newsweek: Kamala Harris Leads Newsom in 2028 Democrat Front-Runners Poll
UNFTR Resources
Video: Francesca Fiorentini: Dems vs The Future
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
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Kapitel (6)
Why We’re Still Living in Milton Friedman’s Neoliberal World.
More than 20 years after his death, we’re still living in the neoliberal world Milton Friedman made. The arc of neoliberalism begins in 1947, gathers steam in the 1970s, and reaches its zenith in the 1990s …
Shownotes
More than 20 years after his death, we’re still living in the neoliberal world Milton Friedman made. The arc of neoliberalism begins in 1947, gathers steam in the 1970s, and reaches its zenith in the 1990s before breaking into a million pieces and forever out of the control of its progenitors. The story of Milton Friedman rises and falls along with it, and it’s a complicated one of ego, ambition and academic notoriety; a confluence of factors and foibles that came to define the modern economic age. This is the story of Milton Friedman, one of the principal architects of the modern world.
Resources
Subscribe to Current Affairs Magazine
Current Affairs: We’re Living In the World That Milton Friedman Made
Mises Institute: Friedrich A. Hayek
The New York Times: The Great Liberator
Ancestry: Jeno Saul Friedman
Johan Van Overtveldt: The Chicago School: How the University of Chicago Assembled the Thinkers Who Revolutionized Economics and Business
Britannica Money: Classical Economics
International Adam Smith Society: About Adam Smith
Britannica Money: David Ricardo
Wikipedia: Jeremy Bentham
Wikipedia: Cesare Beccaria
Wikipedia: Laissez-faire
Stanford Encyclopedia of Philosophy: Karl Marx
Competition and Appropriation: Retrospectives: The Origins of Neoclassical Microeconomics
Stanford Encyclopedia of Philosophy: William Stanley Jevons
Econlib: Leon Walras
Econlib: Alfred Marshall
Harvard University: Raising Keynes: A Twenty-First-Century General Theory
Jacobin: Right-Wing Populism Did Not Kill Neoliberalism
C.J. Polychroniou: Economics and the Left: Interviews with Progressive Economists
Quinn Slobodian: Hayek’s Bastards: Race, Gold, Iq, and the Capitalism of the Far Right
The Mont Pelerin Society: About
The Atlantic: The Heritage Foundation
Current Affairs: Why Libertarians Oppose Civil Rights
ProMarket: Aaron Director’s Legacy: The Beginning of Doubt is the Beginning of Wisdom
Stanford Encyclopedia of Philosophy: Karl Popper
Econlib: Ludwig von Mises
Chicago Booth: George J. Stigler
Free to Choose Network: The Power of Choice - Mont Pelerin Society
Investopedia: Permanent Income Hypothesis: Definition, Function, and Effects
Wikipedia: Natural rate of unemployment
Investopedia: Monetarism Explained: Theory, Formula, and Keynesian Comparison
Harris School of Public Policy: Permanent Income
Federal Reserve Bank of St. Louis: The Fed and the Dual Mandate
Bureau of Labor Statistics: The Employment Situation – September 2026
Milton Friedman, Anna Jacobson Schwartz: A Monetary History of the United States, 1867-1960
Binyamin Appelbaum: The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society
Freien Universität Berlin: The Methodology of Positive Economics
Social Science Encyclopedia: Milton Friedman On Economic Methodology
Economic Reform Australia: The F-twist – realism, economic policy analysis and climate change
CATO Institute: Who Said TANSTAAFL First?
Milton Friedman: The Free Lunch Myth
Milton Friedman: Taxation, Inflation, and the Role of Government
Investopedia: Market Definition: Economics, Types, and Key Features
Bernard Harcourt: The Illusion of Free Markets: Punishment and the Myth of Natural Order
Current Affairs: Ralph Nader
History: Auto safety crusader Ralph Nader testifies before Congress
The New York Times: A Friedman doctrine‐- The Social Responsibility of Business Is to Increase Its Profits
Scholarly Commons: Powell Memorandum: Attack On American Free Enterprise System
The American Legislative Exchange Council
Brookings: What we learned from Reagan’s tax cuts
PBS News: Column: How Reaganomics, deregulation and bailouts led to the rise of Trump
Wikipedia: Personal Responsibility and Work Opportunity Reconciliation Act of 1996
Free To Choose: The Original 1980 TV Series
EdChoice: Milton Friedman on the Phil Donahue Show in 1979
Investopedia: Stagflation Explained: What We Learned From the 1970s Crisis
Investopedia: Understanding the Phillips Curve: Inflation and Unemployment Dynamics
Investopedia: Demand-Pull Inflation: Understanding Causes and Differences from Cost-Push
U.S. News: Repeal of Glass-Steagall Caused the Financial Crisis
C-SPAN: User Clip: Clinton: ‘Big Government Is Over’
ProMarket: The Complicated Legacy of the “Chicago Boys” in Chile
Center for the History of Political Economy: Slaves or Mercenaries: Milton Friedman and the Institution of the All-Volunteer Military
C-SPAN’S American History TV: Milton Friedman debates government intervention
Amnesty International: Chile: 50 years since the coup d’état, exercising historical memory is vital for the country’s future
The Guardian: Guess what? Self-interest is bad for the economy
The New York Times: What Would Keynes Have Done?
The New Yorker: Covert Operations
The Progressive: The Politics of Racial Resentment
Current Affairs: A Trillion Dollars Isn’t Worth It If You Have to Be Elon Musk
UNFTR Resources
Video: Why We’re Still Living in Milton Friedman’s Neoliberal World.
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Phone A Friend: Francesca Fiorentini of The Bitchuation Room.
The Bitchuation Room’s Francesca Fiorentini returns to UNFTR’s Phone A Friend to break down the midterms, what Democrats need to be focusing on next and how the current leadership isn’t up to the challenges …
Shownotes
The Bitchuation Room’s Francesca Fiorentini returns to UNFTR’s Phone A Friend to break down the midterms, what Democrats need to be focusing on next and how the current leadership isn’t up to the challenges ahead. Progressive politics often finds itself at a crossroads during election cycles. In this conversation, we look at how the establishment handles internal pressure and why the narrative surrounding the midterms remains so contentious. Francesca offers her perspective on the shifting dynamics of the left and what it means for the party base moving forward.
Resources
The Bitchuation Room (with Francesca Fiorentini)
UNFTR Resources
Video: Francesca Fiorentini: Dems vs The Future.
Transcript: Phone A Friend: Francesca Fiorentini.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
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On The Record (10-13-26).
This week we connected some dots that should scare everyone—Russell Vought’s think tank’s 7 step playbook for refusing to seat elected members of Congress, a raid on Ilhan Omar’s home, and Trump name-dropping …
Shownotes
This week we connected some dots that should scare everyone—Russell Vought’s think tank’s 7 step playbook for refusing to seat elected members of Congress, a raid on Ilhan Omar’s home, and Trump name-dropping Vought as someone about to make history. Then we looked at France, where the eurozone’s version of our debt problem is playing out without the escape hatch of a sovereign currency (a useful reminder of exactly what we’d be dealing with if the dollar ever loses its privileged position).
Chapters
Intro: 00:00:38
Quick Takes: 00:01:34
Phone A Friend: 00:04:54
Max Notes: 00:07:19
Killer Left Take of the Week: 00:30:53
Chart of the Week: 00:31:51
Outro: 00:33:25
Resources
Today: Pete Hegseth Vows to Livestream Execution of Fort Hood Shooter
ABC10: Why Trump is reopening his effort to remove Federal Reserve governor Lisa Cook
PBS NewsHour: Kimberly Guilfoyle’s full speech at the Republican National Convention | 2020 RNC Night 1
NewsNation: Kimberly Guilfoyle accuser speaks out: ’I paid her $300K’
Ziwe: Hasan Piker Is an Iconic Guest
The Bitchuation Room (with Francesca Fiorentini)
Common Dreams: Israel Has Demolished Majority of Villages in Southern Lebanon—Mostly After the Ceasefire
USA Today: Trump hints at ‘big surprises’ to come ahead of midterm election
The Hill: Trump teases diesel announcement, big move from Vought
The Wall Street Journal: What Might Russ Vought’s ‘Tremendous’ Surprise Actually Be?
Bradley Onishi: American Caesar: How Theocrats and Tech Lords Are Turning America into a Monarchy
CRA: Can Congress Seat a Member-Elect Who Vows to Destroy our Constitution?
Politico: DHS agents search Rep. Ilhan Omar’s home
Vote In Or Out: The Project 2025 Progress Report
The Trump Tracker: What’s Been Implemented
The Hill: Bill to claw back public media, foreign aid funds clears key Senate hurdle with Vance breaking tie
Ray Williams: Project 2025: The Architects Are Taking a Victory Lap
The Heritage Foundation: Project 2025 Publishes Comprehensive Policy Guide, ‘Mandate for Leadership: The Conservative Promise’
Aeroswift Legal: The Orchestration
ProPublica: “We Want the Bureaucrats to Be Traumatically Affected”
ProPublica: The Shadow President
CRA: Who We Are
CRA: Policy Brief: Assessing the Marxist-Muslim Alliance Aimed at America’s Heart
Library of Congress: Victor Berger: Topics in Chronicling America
Britannica: Victor Berger
Daniel Greenfield: The Constitutional Case for Keeping DSA Members Out of Office
FindLaw: U.S. Code - Unannotated Title 2. The Congress § 26. Roll of Representatives-elect
GovInfo: Enrolling Members; Administering the Oath
United States House of Representatives: The Honorable Kevin F. McCumber
Newsweek: Jeffrey Toobin on How Trump Could Intervene in Midterms
Wikipedia: Gregory Bovino
MPRnews: 24 hours after Bovino’s departure, ICE activity appears unchanged
The Latin Times: Homan Warns Larger ICE Crackdown During Doral Speech: “Wait Until You See What We Do in 2027”
The Latin Times: ICE Says It’s Deported 356,000 People This Year While 70% of Detainees Have No Conviction
The Latin Times: Homan Says ICE ‘Isn’t Going Anywhere’: What His Threat Means for 5 Immigrant Hubs
CBS News: Rep. Ilhan Omar’s D.C. home searched by Homeland Security investigators
Reuters: US immigration authorities raid home of Democratic Trump critic Ilhan Omar
DailyWire: ICE Investigating Rep. Ilhan Omar, Homan Confirms
CNN: Rep. Ilhan Omar responds after federal officers search her home
Zeteo: How Many Israelis Were Killed BY ISRAEL on October 7th?
Paul Krugman: What’s the Matter With France?
UNFTR Resources
Video: On The Record 10-13-26 (Trump’s Secret October Surprise: What Is He Planning?)
Episode: Project 2025.
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Kapitel (8)
Omnibus (10-12-26).
Max and 99 are back for another round of Omnibus. They hit headlines on what comes after hyperpolitics and whether the DSA becomes a career vehicle or a disciplining force, and the botched Tennessee execution …
Shownotes
Max and 99 are back for another round of Omnibus. They hit headlines on what comes after hyperpolitics and whether the DSA becomes a career vehicle or a disciplining force, and the botched Tennessee execution. Then they tackle listener emails on the historical case that federal spending was never tied to tax revenue, what you’d call a hybrid of social democracy and democratic socialism, and the real estate collapse accelerating the credit crunch. Enjoy!
Chapters
Intro: 00:00:35
Headlines: 00:05:33
Emails: 00:33:21
Beyond the Bullshit: 01:01:34
Memberships: 01:19:21
Outro: 01:19:40
Resources
The Guardian: Christa Pike is ‘up and walking’ for first time after failed execution, lawyer say
Jacobin: What Comes After Hyperpolitics?
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Become a member at unftr.com/memberships.
Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
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Intro music by Hold Fast.
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Kapitel (7)
On The Record (10-06-26).
This week we diagnosed the economy as a giant zit—good numbers on the surface, all of it concentrated in AI investment and stock market gains for the top 10%, while wages fall below inflation, consumer …
Shownotes
This week we diagnosed the economy as a giant zit—good numbers on the surface, all of it concentrated in AI investment and stock market gains for the top 10%, while wages fall below inflation, consumer confidence hits a 12-year low, and the 10-year Treasury just blew past its 2007 peak. Then we looked at what the pop actually looks like: a private credit unwind that drags the banks with it, a Fed that can’t buy its way out this time, and Scott Bessent left holding the bag. The Buffett Indicator is sitting at 235%. Maybe that’s why he retired...
Chapters
Intro: 00:00:42
Quick Takes: 00:01:24
Max Notes: 00:06:35
Killer Left Take of the Week: 00:21:10
Chart of the Week: 00:22:15
Outro: 00:23:16
Resources
CBS Sunday Morning: Alan Alda on fighting Parkinson’s with laughter
This Past Weekend w/ Theo Von: Zohran Mamdani
NBC News: U.S. bombers scrambled out of U.K. airbase after threats
CNBC TV-18: Pete Hegseth’s ‘Just Warriors’ Speech: ‘No Fatties, No Wimps, No Radicals’
Bloomberg Television: Brazil Real Surges After Bolsonaro Takes Surprising Lead
ABC News: US monitoring reported fatal case of pneumonic plague in Russia
WSWS.org: With complicity of media and Democrats, Trump prepares major escalation of Iran war
ADP: National Employment Report
Bureau of Economic Analysis: Personal Income and Outlays, August 2026
The Conference Board: US Consumer Confidence
U.S. Bureau of Labor Statistics: Employment Situation Summary
Schwab: Fed Hikes in 12-0 Vote, Commits to Inflation Fight
Bloomberg: Treasury 10-Year Yield Hits Highest Since 2002 on Rate Outlook
Squire Patton Boggs: The Private Credit Market: The Data Behind the Headlines
Federal Reserve: Monetary Policy Report – July 2026
Federal Reserve Bank of New York: Remarks at 2026 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York City
CNBC: Fed meeting recap: Warsh says inflation is still too high as Fed hikes for the first time since 2023
Yahoo! Finance: Trump slams the Fed rate hike, says he told Warsh ‘you might as well vote with the board’
CNBC: Warsh’s regime change at the Fed pushes ahead – and meets resistance
CNBC: Warsh faces Fed independence test as Bessent moves in on central bank’s turf
PWC: Private credit’s next phase — growth under pressure
International Monetary Fund: Bank Lending to Nonbank Financial Institutions Continued To Increase Rapidly in 2025
Democracy! Now: Lula vs. Bolsonaro (Again): Brazil’s Presidential Race Goes to Runoff as Right Wing Makes Gains
MacroMicro: US - Total Market Cap (% of GDP)
UNFTR Resources
Video: On The Record 10-06-26 (Trump’s Economy is a Giant Zit.)
Episode: Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.
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If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
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Intro music by Hold Fast.
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Kapitel (7)
Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.
Private credit headlines have calmed down in recent months. It could be because these debt markets are doing just fine...or it could be because we’re too distracted by wars, exploding bond yields, and gas …
Shownotes
Private credit headlines have calmed down in recent months. It could be because these debt markets are doing just fine...or it could be because we’re too distracted by wars, exploding bond yields, and gas prices. But just because there haven’t been high-profile bankruptcies like last year’s First Brands or Tricolor doesn’t mean there isn’t trouble brewing in the opaque private credit markets. Consternation about these portfolios is growing: redemption requests are outpacing inflows, reports of massive payment-in-kind adjustments keep surfacing, and credit default swaps on private credit-backed loans are popping up. This crisis may not be as concentrated as the 2008 meltdown, but the numbers are bigger. And at the center of it all is a market we can’t see.
Resources
Federal Reserve: The Rise in Mortgage Defaults
Bloomberg: SoftBank’s OpenAI Debt Gets Costlier, Riskier and Even Bigger
The Japan Times: Apollo mulls raising SoftBank loan to $9 billion for OpenAI bets
IFR: Trading frenzy builds in hyperscaler debt and CDS markets
LSEG: Get ahead of the September index roll
Yahoo! Finance: Alphabet, Meta, and Microsoft Are Hiding $3 Trillion in Debt On the AI Boom’s Hidden Ledger
Yahoo! Finance: Blue Owl Capital (OWL) Ties Into Meta’s $50 Billion Hyperion Expansion
Reuters: Private credit bosses hit back at ‘misinformation’ over First Brands collapse
Reuters: Private credit roundup: Software marks and Blackstone’s backlog of redemptions
Bloomberg: Private Credit Defaults Are 1%, 6% or 19%, Depending Who You Ask
UNFTR Resources
Video: How AI Debt Could Blow Up Private Credit.
Essay: Private Credit: Just Because We’re Not Talking About It Doesn’t Mean It’s Not a Problem.
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Omnibus (10-03-26).
Max and 99 are back for another round of Omnibus. They hit headlines on the Paramount-Warner merger as a preview of what oligarchs do when anyone tries to govern them, plastic fusing with coral reefs in a new …
Shownotes
Max and 99 are back for another round of Omnibus. They hit headlines on the Paramount-Warner merger as a preview of what oligarchs do when anyone tries to govern them, plastic fusing with coral reefs in a new phenomenon researchers are calling “plasticoral,” and rapid third-country deportations getting the Supreme Court’s temporary blessing. Then they tackle listener emails on whether this era is an aberration or just capitalism unmasked, DSA overreach and the pace of the left, and the real arguments against raising corporate taxes.
Chapters
Intro: 00:01:02
Headlines: 00:24:06
Emails: 00:34:33
Memberships: 00:55:30
Outro: 00:56:19
Resources
The New York Times: Supreme Court Allows Rapid Third-Country Deportations, for Now
Big by Matt Stoller: Paramount-WB Isn’t Just a Loss, It’s a Prelude
Wired: Plastic Is Melting Onto Corals
Instagram: Hermit Crab Conservation Project
UNFTR Resources
Episode: The Montreal Protocol.
Video: How AI Debt Could Blow Up Private Credit.
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Kapitel (6)
On The Record (09-29-26).
Despite only having between 95,000 and 120,000 members nationwide, the Democratic Socialists of America (DSA) has a hot political hand. To most Americans the DSA remains a mystery, but its impact is being felt …
Shownotes
Despite only having between 95,000 and 120,000 members nationwide, the Democratic Socialists of America (DSA) has a hot political hand. To most Americans the DSA remains a mystery, but its impact is being felt in elections throughout the country. Conservatives are keeping one eye open but are largely dismissive. Establishment liberals are furious with the group. This episode puts the DSA in historical context and offers insight into how past challenges and current opposition present future opportunities for the social movement of record in the United States.
Chapters
Intro: 00:00:44
Max Notes: 00:01:27
Outro: 00:28:47
Resources
Commentary: The Democratic Socialist Congregation
The Washington Post: Don’t fear a ‘Bolshevik revolution.’ It’s a DSA fairy tale.
Americans for Prosperity: On Constitution Day, here are the ways the DSA agenda undermines America’s founding
UNFTR Resources
Video: On The Record 09-29-26 (The Rise Of The DSA: What You Need To Know.)
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Kapitel (4)
It’s Just Trump Against the World.
An original episode on how Trump will ultimately represent the final chapter of the American experiment. Empires don’t collapse. They crumble. But they’re reduced to a handful of chapters in history texts that …
Shownotes
An original episode on how Trump will ultimately represent the final chapter of the American experiment. Empires don’t collapse. They crumble. But they’re reduced to a handful of chapters in history texts that depict them in stages with defined beginnings and ends. Donald Trump has already managed to set the stage for World War Three though it looks far different than prior great wars. He is the culmination of the hubris of empire. Here on my thoughts on how this goes down and what comes after.
Resources
Washington Post: How Four U.S. Presidents Unleashed Economic Warfare Across the Globe
UNFTR Resources
Video: The Final Chapter: Trump and the End of the American Experiment.
Essay: It’s Just Trump Against the World.
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Omnibus (09-27-26).
Max and 99 are back for another round of Omnibus. They hit headlines on Carney’s airport privatization sellout and the Ebola outbreak in the DRC that’s on pace to be the worst the world has ever seen. Then they …
Shownotes
Max and 99 are back for another round of Omnibus. They hit headlines on Carney’s airport privatization sellout and the Ebola outbreak in the DRC that’s on pace to be the worst the world has ever seen. Then they tackle listener emails on AI recursive self-improvement hype and the TESCREAL cult behind it, Greenland’s surrender of sovereignty to Trump, and why “regulation” is just a sanitized word for protection. Enjoy!
Chapters
Intro: 00:00:31
Headlines: 00:13:20
Emails: 00:28:40
Memberships: 01:03:21
Outro: 01:04:45
Resources
Subscribe to Current Affairs Magazine.
Wired: The World Forgot About Ebola. The Organization Fighting It Has Never Been More Worried
Canadian Dimension: Carney’s airport privatization is a looming disaster: ‘Highway 407 of the skies’
UNFTR Resources
Video: Why We’re Still Living in Milton Friedman’s Neoliberal World.
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Kapitel (6)
The CLARITY Act is Dead (For Now).
The CLARITY Act (Digital Asset Market Clarity Act) failed to pass cloture and won’t be taken up on the Senate floor. This is very, very good news. Despite attempts until the last minute by New York Senator …
Shownotes
The CLARITY Act (Digital Asset Market Clarity Act) failed to pass cloture and won’t be taken up on the Senate floor. This is very, very good news. Despite attempts until the last minute by New York Senator Kirsten Gillibrand—a Democrat who is closely associated with the crypto lobby—not a single one of her colleagues came over to her side. So even she voted “no” to advance the bill. This likely means CLARITY is dead for the foreseeable future. But it doesn’t mean it’s gone. This is a victory for the banking industry and a huge blow to the Trump family who were banking (pun intended) on this bill setting up World Liberty Financial to be one of the wealthiest stablecoin firms in the world.
Resources
Politico: Gillibrand privately urges Dems to advance crypto bill
CNBC: Trump agrees to ethics requirements in crypto Clarity Act as GOP seeks Democratic votes
ABA Banking Journal: ABA, banking groups warn revised Clarity Act fails to protect community banks
Unchained: Banking Groups Push Senate to Tighten CLARITY Act Stablecoin Rules, Warning of Deposit Flight
decrypt: Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
UNFTR Resources
Video: The CLARITY Act is DEAD: Why Trump’s Crypto Scheme Failed.
Essay: The CLARITY Act is Dead (For Now).
Episode: Trump is Looting the Treasury.
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On The Record (09-22-26).
This week we put a proper endcap on the summer’s debt discussions—the $40 trillion number is real, but the conversation around it is almost entirely dishonest, designed to make cuts to grandma’s Medicare seem …
Shownotes
This week we put a proper endcap on the summer’s debt discussions—the $40 trillion number is real, but the conversation around it is almost entirely dishonest, designed to make cuts to grandma’s Medicare seem inevitable while military spending and corporate tax rates never even make the list. Then we looked at the housing market, where sellers are quietly stuffing concessions into nearly half of all deals to keep headline prices from falling, which is either a buyer’s market emerging or the last gasp before demand destruction, depending on which generation you’re in.
Chapters
Intro: 00:00:38
Quick Takes: 00:01:41
Max Notes: 00:07:29
Killer Left Take of the Week: 00:21:05
Chart of the Week: 00:21:48
Outro: 00:24:03
Resources
The New York Times: U.S. and China Balance A.I. Risks and Rivalry
The New York Times: Trump Officials Eject 750,000 From Obamacare Markets, Claiming Fraud
Senator Chris Murphy: Why did Russia pay for Donald Trump Jr.’s wedding?
The New York Times: Photos Spur Speculation About Possible Demolition of Kennedy Center
CNN: Trump says proposed triumphal arch will double as military complex with snipers and drones
CNBC: AI Models Are Stealing Your Data & The AI Safety Truth
The Independent: Scott Bessent cannot say where Venezuelan billions are going
Mother Jones: Bo French Sent a Tweet So Racist, His Own Party Finally Took Notice. It’s Just the Tip of the Iceberg.
U.S. Department of the Treasury: Debt to the Penny
U.S. Department of the Treasury: Major Foreign Holders of Treasury Securities
Federal Reserve: Federal Reserve Balance Sheet: Factors Affecting Reserve Balances
U.S. Department of the Treasury: Treasury International Capital Data for July
U.S. Department of the Treasury: Treasury International Capital Data for July 2026
Federal Reserve: Financial Accounts of the United States
Federal Reserve: FEDS Notes
Federal Reserve: Estimating Yield Impacts of Treasury Demand and Supply Changes
Levy Economics Institute: Can Taxes and Bonds Finance Government Spending?
CEPR: Ron Paul’s Surprisingly Lucid Solution to the Debt Ceiling Impasse William Mitchell: Central banks should just write off all their government debt holdings
Yahoo! News: House Speaker Mike Johnson denies backing cuts to benefits amid Social Security shortfall warning
Congressional Budget Office: Distributional Effects of Public Law 119-21
The Elephant Graveyard: How Comedy Drowned in a Radioactive Cesspool of Corruption and Depravity
Redfin News: Nearly Half of Homebuyers Get Concessions From Sellers as Most Markets Tip in Buyers’ Favor
UNFTR Resources
Video: On The Record 9-22-26 (The Truth About the $40 Trillion Debt—And Why They Want You Scared.)
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Kapitel (7)
InDeFLATION: F*cked Sideways Either Way.
The Producer Price Index (PPI) dropped and it was worse than expected. PPI is the measure of inflation building in the system and economists use it to forecast what consumer inflation will look like three to …
Shownotes
The Producer Price Index (PPI) dropped and it was worse than expected. PPI is the measure of inflation building in the system and economists use it to forecast what consumer inflation will look like three to four months down the road. If these figures are any indication, inflation is about to hit the global economy like a tsunami and no amount of hand wringing and interest rate tweaking at the Federal Reserve is going to slow this train. In this episode, Max explains how this was all predictable based on Trump’s economic plan and the design of Project 2025. He talks about what comes next in best and worst case scenarios before addressing why in the world someone like Russell Vought would engineer such a catastrophic outcome. Because it was so clear from the start that this is where we were headed. Hint: Keep your eye on JD Vance.
Resources
U.S. Bureau of Labor Statistics: Producer Price Indexes
Marketplace: The Fed’s preferred measure of inflation is changing
Council on Foreign Relations: Hunger Warfare and a Fertilizer Crisis Are Straining Global Food Supplies
The New York Times: Behind the Scenes, Vance Gathered Unvarnished Views of the Iran War
Federal Reserve Bank of St. Louis: Market Yield on U.S. Treasury Securities at 2-Year Constant Maturity, Quoted on an Investment Basis
Investopedia: Cost-Push vs. Demand-Pull Inflation: Key Differences Explained
Bloomberg Television: US Producer Price Index Rises Most in Three Months on Energy Costs
ProPublica: “We Want the Bureaucrats to Be Traumatically Affected”
UNFTR Resources
Video: Terrible Inflation Report Warns of Economic Tsunami.
Episode: The End of the American Experiment.
Essay: InDeFLATION.
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Omnibus (09-12-26).
Max and 99 are back for another episode of Omnibus. They cover headlines on Israel killing a family of 12 in Lebanon including six children, and a new Elon Musk documentary alongside a fall movie season …
Shownotes
Max and 99 are back for another episode of Omnibus. They cover headlines on Israel killing a family of 12 in Lebanon including six children, and a new Elon Musk documentary alongside a fall movie season tackling Big Tech and its leaders. Then they tackle listener emails on childcare costs and the dependent care tax cap, Pete Buttigieg criticism, expanding Medicare versus a VA-style system, and whether Trump’s BLS numbers are even worth analyzing.
Chapters
Intro: 00:00:37
Headlines: 00:17:09
Emails: 00:35:13
Memberships: 01:23:44
Outro: 01:24:03
Resources
The Decemberists: Everything Is Awful
Subscribe to Current Affairs Magazine.
Vanity Fair: X Marks the Spot: To Musk Filmmaker Alex Gibney, Elon Musk and Elizabeth Holmes Are Two Sides of the Same Coin
The Hollywood Reporter: Hollywood Puts Four Tech Moguls on Trial in October Movie Pileup
Drop Site: Israeli Strike in Lebanon Kills 12 People From a Single Family, Including 6 Children
UNFTR Resources
Video: On The Record 9-8-26 (JD Vance Latest Stunt is DISGUSTING | Nathan Robinson Interview.)
Episode: Merchants of Death.
Episode: Labor Daze.
Episode: Scott Bessent Can’t Stop Failing.
Video: Terrible Inflation Report Warns of Economic Tsunami.
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
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Kapitel (6)
Scott Bessent Can’t Stop Failing: The Most Arrogant Man in the Land.
Scott Bessent can’t do anything right. He just announced a paltry bond buyback that fell flat with the market responding by pushing rates higher. Bessent also proclaimed that he is “the house” and that people …
Shownotes
Scott Bessent can’t do anything right. He just announced a paltry bond buyback that fell flat with the market responding by pushing rates higher. Bessent also proclaimed that he is “the house” and that people shouldn’t bet against him because he has inside information about what the Bank of Japan is going to do. Interesting. The guy doesn’t know what our central bank is going to do but he has the inside track on the BOJ? The market there is also telling him to get lost. And after he said he would cripple the Iranian regime in a matter of weeks or months with sanctions, the Iranians have been striking back and have now declared that they’re going to cripple our economy. Bessent is going to go down in history as the worst Treasury Secretary we’ve ever had.
Resources
Bloomberg Television: Bessent Tells Yen Traders ‘I Am the House Now’
CNBC International Live: ‘I am the house’: Scott Bessent’s challenge to traders
Bloomberg Television: Commodities Bull Market Is Underpriced: 3-Minutes MLIV
ABC News: Oil Prices Climb Over $100 per Barrel as War in Iran Continues
Bloomberg Television: US Treasury to Buy Up to $6 Billion in Long-Dated Debt
Fox Business Clips: ‘SLINGSHOT’: Treasury’s rate move gets BRUTAL reality check
IMF: Did the Plaza Accord Cause Japan’s Lost Decades?
U.S. Department of the Treasury: Treasury Launches Unprecedented Campaign Against Iranian Regime on Economic D-Day
The Hill: Iran reignites Strait of Hormuz fight as US tightens squeeze
NBC News: Diesel hits all-time high of $6 per gallon, and just about everything will cost more
Brookings: What is yield curve control?
npr: Trump’s controversial nominee drops bid to head vital data-gathering agency
U.S. Department of the Treasury: Henry Morgenthau, Jr. (1934 - 1945)
United States Holocaust Memorial Museum: Henry Morgenthau Jr.
npr: The IRS slashed its staff. One result? More taxes going uncollected
UNFTR Resources
Video: The Treasury Secretary Who Can’t Get It Right
Essay: Scott Bessent Can’t Stop Failing.
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: unftr.com/rate and follow us on Facebook, Bluesky, and Instagram at @UNFTRpod. Visit us online at unftr.com.
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Buy yourself some Unf*cking Coffee at shop.unftr.com.
Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations.
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