May 19, 2025

US Loses Top Credit Rating & Crypto Wealthy Being Targeted?

Rising debt hurts the US credit rating & crypto execs in need of bodyguards

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Episode 585: Neal and Toby dive into the latest report from Moody’s that downgraded the US credit rating due to increasing debt and budget deficits. Then, a wave of attacks on the crypto-wealthy is sweeping Europe and parts of the US that has forced individuals to hire bodyguards. Also, New Jersey has seen an increasing share of transit fiascos in land, sea, and air recently, but seems like some headway is made with the locomotive engineers’ union agreeing to end the strike. Meanwhile, big cities got bigger in 2024 and the WNBA season is back with a bang. Finally, what you need to know in the week ahead.

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00:00 - Joe Biden Cancer Diagnosis

02:40 - Moody’s Downgrades US Credit Rating

06:40 - Crypto Criminals

10:20 - NJ Transit Issues

15:20- Winners of the Weekend

21:10 - Week Ahead

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