Treasury Secretary Scott Bessent recently took himself out of the running to take over as Chair of the Federal Reserve at the end of Jerome Powell’s term. (Or when Trump fires him illegally.) Perhaps it has something to do with his serious flub recently when he said the quiet part out loud about privatizing Social Security. Either way, Trump is on a mission to cut the Federal Funds rate to as low as one percent. In today’s episode, we game it out to explain what would happen if rates suddenly dropped so low in this economic environment. (Spoiler: It would be catastrophic for the average American.) Then we reveal what Trump’s actual motives might be for doing so. 

Chapters

Intro: 00:00:40

Post Show Musings: 00:14:59

Resources

The New York Times: Trump says Treasury’s Bessent rules out replacing Powell as the Fed chair.

MSNBC: Bessent walks back suggestion that Trump accounts are 'backdoor' to privatize Social Security

UNFTR Resources

Trump Accounts.

Stablecoin and the Stable Genius: Donald Trump’s Plan to be the Central Banker to the World

Video: Trump’s SHADOW CRYPTO Network is WORSE Than You Think

Project 2025.

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Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is hosted by Max and distributed by 99.

Treasury Secretary Scott Bessent recently took himself out of the running to take over as Chair of the Federal Reserve at the end of Jerome Powell&rsquo;s term. (Or when Trump fires him illegally.) Perhaps it has something to do with his serious flub recently when he said the quiet part out loud about privatizing Social Security. Either way, Trump is on a mission to cut the Federal Funds rate to as low as one percent. In today&rsquo;s episode, we game it out to explain what would happen if rates suddenly dropped so low in this economic environment. (Spoiler: It would be catastrophic for the average American.) Then we reveal what Trump&rsquo;s actual motives might be for doing so.&nbsp;
Chapters
Intro: 00:00:40
Post Show Musings: 00:14:59
Resources
The New York Times: <a href="https://www.nytimes.com/live/2025/08/05/us/trump-news#trump-bessent-fed-chair-powell">Trump says Treasury&rsquo;s Bessent rules out replacing Powell as the Fed chair.</a>
MSNBC: <a href="https://www.youtube.com/watch?v=DFwtQASpi5E&amp;t=27s">Bessent walks back suggestion that Trump accounts are 'backdoor' to privatize Social Security</a>
UNFTR Resources
<a href="https://www.unftr.com/blog/trump-accounts">Trump Accounts.</a>
<a href="https://www.unftr.com/trump-stablecoin">Stablecoin and the Stable Genius: Donald Trump&rsquo;s Plan to be the Central Banker to the World</a>
Video: <a href="https://www.youtube.com/watch?v=MgADgDLmKTI">Trump&rsquo;s SHADOW CRYPTO Network is WORSE Than You Think</a>
<a href="https://www.unftr.com/blog/project-2025">Project 2025.</a>
--
If you like #UNFTR, please leave us a rating and review on Apple Podcasts and Spotify: <a href="https://unftr.com/rate">unftr.com/rate</a> and follow us on <a href="https://www.facebook.com/Unfucking-The-Republic-102319714930389">Facebook</a>, <a href="https://bsky.app/profile/unftr.com">Bluesky</a>, <a href="https://www.tiktok.com/@unftrpod">TikTok</a>&nbsp;and <a href="https://www.instagram.com/unftrpod/">Instagram</a> at @UNFTRpod. Visit us online at <a href="https://www.unftr.com/">unftr.com</a>. Join our Discord at <a href="https://www.unftr.com/discord">unftr.com/discord</a>.
Become a member at <a href="https://www.unftr.com/memberships">unftr.com/memberships</a>.
Buy yourself some Unf*cking Coffee at <a href="https://shop.unftr.com/">shop.unftr.com</a>.
Visit our bookshop.org page at <a href="https://bookshop.org/shop/UNFTRpod">bookshop.org/shop/UNFTRpod</a> to find the full UNFTR book list, and find book recommendations from our Unf*ckers at<a href="https://bookshop.org/lists/unf-cker-book-recommendations"> bookshop.org/lists/unf-cker-book-recommendations</a>.
Access the UNFTR Musicless feed by following the instructions at <a href="https://www.unftr.com/accessibility">unftr.com/accessibility</a>.
Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (<a href="https://www.mannyfacesmedia.com">mannyfacesmedia.com</a>). Original music is by Tom McGovern (<a href="http://www.tommcgovern.com/">tommcgovern.com</a>). The show is hosted by Max and distributed by 99.

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.

Unf*cking The Republic&reg; (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.

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