The Moody Blues: No More Finance Bros in LA

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 22 May 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, we’re keeping one eye on Wall Street and the other on a canal in Dublin. Moody’s just downgraded the United States' credit rating, a move that quietly confirms what most won’t say out loud: America’s debt-fuelled growth is unsustainable, and interest payments are now outpacing military spending. Meanwhile, back home, a row of cottages literally collapsed, not abandoned, but owned by the very people lobbying to fix Ireland’s housing crisis. In a country where average rents just passed €2,000. In this episode, we tie it all together: the real consequences of debt, the performative hypocrisy at the top, and how property in Ireland has become a parasitic asset, not a social good. From Donald Trump’s inflationary tariff plans to the Irish State’s inability to enforce basic upkeep, we’re watching the scaffolding of credibility, financial and moral, fall away.

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Transcript

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1:15.4	How are you doing there?
1:16.6	It is podcast time, and we have a really fascinating.
1:20.7	Well, I think it's a fascinating podcast for you today.
1:23.7	We're going to go very, John, we're going to go very broad, then we're going to go very narrow.
1:27.3	We're going to go broad in the sense we're going to go very broad, then we're going to go very narrow. We're going to go broad in the sense that...
1:30.0	Looking forward to it already.
1:31.6	Looking forward to already.
1:32.7	In the sense that in all the massinations and the trade and the Trump and the WhatsApp
1:39.2	and the social media and the truth social and have we got a deal, have we not going to deal,
1:45.3	and the usual Trump pretending to fix something that he broke himself and then call it a deal.
1:50.3	We know all that, right?
	...

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