The Trump–Elon Fallout Proves Nothing Stops The Spending Train | Weekly Roundup
Episode publishedPodcast: Forward GuidanceForward Guidance
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What's up, everybody? Right before we get into the show here, just wanna give a quick shout out for our next BlockWorks conference coming up in just over a month. Permissionless four is happening June, and it's a crypto conference all for the developers and builders in the space. We're gonna be hosting it right in the heart of Brooklyn, New York, and it's gonna be a ton of fun. There's gonna be a lot of fantastic speakers, and the whole forward guidance crew is gonna be there. Myself, Tyler, Quinn, we're gonna be doing a live round up. There's gonna be some wicked community events. Come meet u
Good to see you. Nice nice mustache you got going there.
Thanks. Yeah. I'm running it a little long. You know? Good. Good. Some good, some good character to the to the face.
I'm surprised you haven't, like, roasted me on my Steve Irwin crocodile hunt shirt. I
was I was about I was about to get into it. Sure.
Yeah. Feel free to roast me in the comments. What do we got today, Phil? God.
What don't we have today? Yeah. We're recording Thursday around, yeah, 3PM eastern, and it just feels like everybody's losing their minds. There's, Elon Musk and Trump are are going at it. We've seen a bit of a divorce from couple of the most, powerful people in the world. And I don't know. Like, before we hit record, we were starting to say how it's just it's it's so funny how the fundamentals don't change that much. You know? Like, it we're we're still within the realm of of, I don't know, like, the last few years. It's just like this it's mostly the fundamentals are the same old thing. You
I think we pretty much put the nail in the coffin that austerity is just out the window. And so if you have even if it's just social, you know, conjecture saying, oh, we're gonna cut costs or, hey. We're gonna we're gonna renegotiate this bill so there's not as much spending. That's never gonna happen. It's never gonna happen. This ship has sailed years ago. I have a great chart. This is fantastic. National Debt Year by Year. No matter who it is, Democrat or Republican, this thing rises continuously. So, I mean, I I it's just so funny to me that people really thought they were gonna cut massiv
I I feel like this is an interesting perspective into just looking at how ingrained huge amounts of government spending is that it got to the point where it literally broke up Elon and Trump, basically. Like, this was the this was the cause. It's just fiscal largesse is happening no matter what. Congress incumbents wanna be reelected for midterms. They want they want, you know, their constituents to have their their, Medicare, Social Security, and all of those things, and you just you cannot stop that. And it will it will break relationships. It will will break apart what looked like a very st
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