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Background Briefing with Ian Masters

April 7, 2025 - William Cohan | Mike Lofgren | Michael Kazin

Background Briefing with Ian Masters

Ian Masters

News

4.7622 Ratings

🗓️ 7 April 2025

⏱️ 61 minutes

🧾️ Download transcript

Summary

Trump Urges Americans Not to Be "Weak or Stupid" as the Meltdown on Wall Street Continues | Who Benefits From Trump and Musk's Deliberate Destruction of the American Economy, Our Government and Our Standing in the World? | Saturday's 1,200 "Hands Off" Demonstrations in American Towns and Cities and Others Around the World backgroundbriefing.org/donate twitter.com/ianmastersmedia bsky.app/profile/ianmastersmedia.bsky.social facebook.com/ianmastersmedia

Transcript

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0:00.0

Hello and welcome to Background Briefing, available 247 at Background Briefing.org. I'm me and

0:18.3

Masters, and today we'll look into a number of stories and issues in the news.

0:22.1

We'll begin with the meltdown on Wall Street as stocks tumble and prominent investors warn of an economic nuclear winter,

0:29.6

while Trump urges Americans not to be, quote, weak or stupid, which since every accusation coming from Trump is a confession,

0:39.7

clearly describes who the madman in the Oval Office is.

0:42.4

Joining us to discuss what senior bankers and investors on Wall Street are saying, as Trump

0:47.6

threatens China with an additional 50% tariff, is William Cohen, a former senior Wall Street

0:53.7

investment banker for 17 years

0:55.5

at Lazard Frere and Company, Merrill Lynch and J.P. Morgan Chase, as well as the New York Times

1:00.6

best-selling author whose books include Money and Power, How Goldman Sachs came to Rule the World,

1:06.3

House of Cards, a tale of hubris and wretched excess on Wall Street, and most recently power failure,

1:12.5

the rise and fall of an American icon.

1:15.3

He is a founding partner at Puck News, where his latest article we will discuss is Wall Street's

1:20.9

Tariff Hunger Games.

1:23.6

Then we'll examine who benefits from the deliberate destruction of the U.S. economy, our government,

1:28.1

and our standing in the world by Trump and Musk, and speak with Mike Lofgren, who has spent

1:33.7

28 years working in Congress, the last 16, as a senior analyst on the House and Senate Budget

1:39.2

Committees.

1:40.5

He is the author of The New York Times bestseller, The Party is Over, how Republicans went crazy,

1:46.4

Democrats became useless, and the middle class got shafted, and we'll discuss his latest article at

1:51.8

Salon, Goose Steppers in the Name of Freedom, the Nonsensical Cult that Now Rules America.

1:58.9

Then finally we'll assess the impact of the 1200 hands-off demonstrations

...

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