The stimulus package during the 2008 housing crisis totaled around $1 trillion. The Fed also added around $700 billion as part of QE1.
At the time, it was unheard of for the government to spend that much. My, how times have changed.
Today, the White House and Senate announced that they have agreed to a $2 trillion emergency bill, to go with an expected $4 trillion in lending power by the Fed.
You shouldn't be surprised that bailing out one industry 12 years ago led to numerous industries begging for handouts today.
When you reward bad behavior, you get more of it.
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ZipRecruiter

Burrow

The Fed has dumped trillions into the market in the last couple weeks alone. It's slashed rates to zero and eliminated the reserve requirement. And on Monday, it announced that it would purchase Treasurys and mortgage-backed securities without limits.
The SARS-CoV-2 virus has ripped away the band-aids and revealed gaping festering wounds in our economy. And these Fed policies are only papering over the holes.
What does the future hold?
If you've been listening to us, we've been warning of a major crisis on the horizon.
But we've also given you the blueprint for not only surviving, but ensuring that you thrive and prosper in the new economy.
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SkillShare

Helix Sleep

Nate Hirsch has an awesome story. He's only 30, but he's already started multiple 8-figure companies.
He started his first company buying and selling textbooks out of his college dorm room. Over 5 years, he and his business partner scaled Portlight to over $25 million in total sales.
After endless frustration with remote hiring, they founded FreeeUp. For 4 years, they scaled it from $5k to $12 million in yearly revenue. They were subsequently acquired by The HOTH.
Today, he's launching a new company called OutsourceSchool. It's an online education platform that teaches entrepreneurs how to hire and scale their business with virtual assistants.
If you listen to the news, they'll try to convince you that the apocalypse is nigh. So it's easy to forget all the good stuff that's happening.
Nate's story is a great reminder. We live in the greatest time in the history of the world. Opportunity surrounds us.
The media will tell you all about the many ways this economy benefits the rich people. But they won't tell you about the many ways you can become one of those rich people.
~~~~~~~~~~~
Go to OutsourceSchool.com for a free case study, to sign up for Nate's newsletter, or to pick up his Cracking the VA Code tutorial!
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Stamps (Code: JASON)

That's it. It only took a few days, but we've already lost all the gains in the stock market since Obama left office.
The Fed cut rates to zero and eliminated the reserve requirement. The government is talking about trillion dollar bailouts and direct cash payments.
They're doing everything they can think of to slow the collapse. And yet it continues.
But rather than focus on the doom and gloom, we want to take a peek into the future today.
This crisis won't last forever. In fact, there's already good news on the virus front. And we believe that this whole experience will ultimately change our society for the better.
Listen today to find out how.
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Policy Genius

They halted trading for about 15 minutes this morning as the stock market went limit down.
The looming threat of the coronavirus is the excuse, but we've been warning for years that a crash was coming. And now the market has lost almost 30% of its value in the space of a few days.
It's a bloodbath on Wall Street.
But what about this virus? Is it a legitimate threat, or is it all hype?
This might be the only place on the internet where you'll find insightful analysis of both the financial markets AND the nature of a pandemic virus… in the same episode!

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Elysium Health (Code: JASON)

Light Stream

The stock market took an absolute dump in the last couple days. Investors are scattering like rats on a sinking ship.
When times are good, it seems like everyone's a financial planner. As long as everything keeps going up, it's easy to make money. But the people who know what they're doing make their money in the bad times.
Meanwhile, it looks like the coronavirus is gonna leave a mark.
If you want to know how to protect both your financial health and your physical health, you'll want to listen to this episode.

The coronavirus is making landfall in the US, and it's only accelerating the economic changes that were already underway.
Work from home and automation will only increase--and increase faster--as our economy adapts to this new threat.
The coronavirus isn't the only thing going viral. A Detroit auto worker confronted Joe Biden about his stance on gun control, and someone videoed the interaction. Now it's everywhere on the internet.
Is this REALLY the guy who Democrats will rally behind?

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ZipRecruiter

MVMT

“History is always written by the winners. When two cultures clash, the loser is obliterated, and the winner writes the history books. Books which glorify their own cause and disparage the conquered foe. As Napoleon once said, 'What is history, but a fable agreed upon?'” - Dan Brown
"Fake news" is a meme forever embedded in the American mind. The phrase was first coined by members of the corporate press. They hoped to use it as a weapon to malign Donald Trump.
But they made a huge mistake. He's the ultimate branding master. And he flipped it on them. Then he positioned himself as the opponent of the "fake news media."
Before, they set the agenda, and everyone else reacted to it. Now, Trump sets the agenda, and everyone else reacts to him.
As a result, Trump controls their minds.
When you control the message, you control the minds.
In this sense, we can understand how a small group of powerful institutions has controlled American minds for generations.
If you control the institutions, you control the message. If you control the message, you control the minds.
When you control the minds, you control the people.
Universities write the history. And the media disseminates it. But none of them have ever been neutral mouthpieces. Because there's no such thing as objective history or neutral media.
Legendary Twitter account @amusechimp put it most aptly: "if the news are fake imagine history."
So what parts of American history did they (deliberately) NOT teach you in school?
That's the subject of today's discussion with renegade historian and professor Thaddeus Russell, author of A Renegade History of the United States and founder of Renegade University.
You don't want to miss this one. Listen now!

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Honey

The DNC just executed one of the most brazen political checkmates of all time.
First, they kneecapped Bernie Sanders in 2016. He could have fought back. But instead, he kowtowed to Hillary Clinton. Perhaps he thought he could build momentum for four years and be all but guaranteed the nomination in 2020.
Turns out, he was a great big sucker.
Throughout the primary process, Bernie has looked like the likely favorite. But then the DNC stepped in.
Immediately before Super Tuesday, Pete Buttigieg and Amy Klobuchar suddenly decided to drop out and inexplicably endorse Joe Biden.
Meanwhile, Elizabeth Warren has performed no better than either of them. But nobody leaned on her to end her campaign, because her platform is identical to Bernie's. She poaches voters from him.
That leaves us with Mike Bloomberg. The internet is awash with Bloomberg mockery (you should see Trump's tweets!).
But Mini Mike didn't waste $700 million. He purchased something much more valuable than the presidency, and you'll only hear about it in this episode.
👇So listen now! 👇

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Blue Vine


Stamps (Code: STAPLETON)

If you were alive in the 1780s, you got to witness the first major economic revolution of the modern age. The steam locomotive burst onto the scene, and the labor force began a steady move away from agriculture.
By the 1870s, the Industrial Revolution was in full force. Urban factories had replaced rural farms, and American life was more connected than ever.
Then the car and the airplane showed up at the start of the 20th century. And, between the 1970s & 1990s, the internet roared into the world.
Each of these major innovations fundamentally changed the economy.
In every case, entire industries vanished overnight as new innovations transformed people's lives.
But some people were ready for it. They positioned themselves to profit immensely in the new world because they saw the changes coming and they prepared for them.
We are on the cusp of another massive transformation in the global economy. Widespread automation and artificial intelligence will create brand new industries. But it will also destroy. Anything that can be automated will be automated.
What will this mean for you? Are you going to be caught with your pants down, dependent upon someone else to bail you out?
Or will you be one of the powerful few who controls your own destiny?
~~~~~~~~~~~~
Intro music by Nick White, producer of The Statist Quo.

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Elysium Health