Epstein's Co-Conspirators Named + Trump's $100K Dow Prediction | PBD #736

Peter Schiff asserts that government jobs numbers are politicized and consistently revised downwards, indicating the US economy is significantly weaker than officially claimed and likely in a protracted recession. He also states inflation is higher than reported.

Initial jobs reports are often 'beats' but later revised to 'misses,' with some showing job losses instead of gains. Gold is over $5,000, the dollar hit an all-time low against the Swiss Franc, and long-term bond yields are rising, confirming market skepticism.

Luke Groman warns that AI and robotics pose a structural threat to white-collar employment, drawing parallels to the 'China shock' that decimated US manufacturing jobs. He highlights healthcare administration as particularly vulnerable.

Manufacturing employment fell 30-35% after China joined the WTO. Today, healthcare is the biggest employer in 38 states, with administration being highly susceptible to AI disruption.

Luke Groman interprets Trump's predictions of 15% GDP growth and a 100,000 Dow as a signal for a strategy of financial repression and currency devaluation, similar to the post-WWII playbook. The goal is to inflate away national debt and boost wages for the working class, shifting benefits from Wall Street to Main Street.

Trump often reveals his plans. Post-WWII, the US reduced debt-to-GDP from 110% to 55% in 5 years through rapid growth, yield curve control, and money printing, leading to high inflation and negative real rates. Trump's team emphasizes 'Main Street, not Wall Street' and policies like immigration restrictions to raise wages.

Peter Schiff argues that while the Dow might hit 100,000 in dollar terms, its real value (measured in gold) is declining. He notes gold's significant price increase as a warning sign of dollar devaluation and impending economic crisis.

The Dow is currently 10 ounces of gold, down from over 40 ounces 25 years ago. Gold was up 60% last year in dollar terms, while the S&P 500 was up 17-19%.

The El Paso airport's 10-day shutdown was reportedly due to cartel drones and military testing of counter-drone technology at Fort Bliss. However, official explanations from US Transportation and Mexican President were conflicting.

Initial reports cited 'unspecified special security reasons.' Later news indicated military testing of counter-UAV tech and 'cartel drone insertion.' Local representatives and the Mexican President disputed the clarity of explanations.

The emergence of 'reverse recruiters,' where job seekers pay recruiters to find them positions, highlights a desperate white-collar job market. This indicates a broken system where companies struggle to filter applications and individuals struggle to stand out.

Wall Street Journal reported on Daniel Bharano paying 20% of his first month's salary to a reverse recruiting service. Companies are inundated with bots and fake resumes, making it hard to find good candidates.

The US nuclear energy sector is set for a significant comeback, with companies like Holtec International filing for major IPOs. New-generation reactors are smaller, safer, and crucial for meeting increasing electricity demands from data centers and EVs.

Holtec International, valued at over $10 billion, is reopening a Michigan reactor. It's been three decades since a foundational construction permit for nuclear in the US. Modern designs are not like Three Mile Island or Chernobyl.