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The Bulwark Podcast

S2 Ep1036: Jonathan V. Last: An Economic Tsunami Is Coming

06 May 2025

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Because Donald Trump's stupid trade embargo has us reading shipping charts, we now know that 40% of containership traffic between Asia and the U.S. has been canceled. That means a shortage of consumer goods, which will push prices higher. At the same time, the business environment is too unpredictable for companies to plan. Meanwhile, Trump is reorienting the American economy to a corrupt oligarchy—as he rakes in billions in bribes off his crypto. Plus, Hegseth wants to clear out a chunk of the top brass, U.S. attorney nominee Ed Martin forgot to say he's been on Russian-state media outlets more than 150 times, and the DNC absolutely should not be posting about Kamala at the Met Gala. JVL joins Tim Miller. show notes HuffPost on the trucking company buying Trump's crypto coin The NYT on Trump family business deals JVL on the Ashli Babbitt payout NPR story on Trump voters in Emmitsburg, MD

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Transcription

Full Episode

15.236 - 30.344 Unknown

Seven seconds left. Westbrook, five seconds. They're down by one. Gordon, got it! Aaron Gordon with a deep shot! Williams, three-quarter court. No good! The Nuggets steal game one!

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31.144 - 50.466 Tim Miller

Hello and welcome to the Bulwark Podcast. I'm your host, Tim Miller. Needed to start with that little bit of joy, a remarkable, unfathomable Nuggets comeback last night because we're going to the bad place today. And America is going to need an unfathomable re-round as well. Our guest is editor of the Bulwark, author of the Triad Newsletter, my co-host on the Next Level podcast.

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50.526 - 65.758 Tim Miller

It's the Prince of Darkness, Jonathan V. Last. You might know him as JVL. What's up? Hey, buddy. Glad to be on the big show. Jonathan Victory Last. We had a victory last night. I was alone. I scared the cat. I woke up Tyler with my shrieking.

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66.477 - 77.782 Tim Miller

after that three, you know, you need childlike joy sometimes in life, you know, even as a grown man living through, you know, the horrors and the pain of, of, uh, adulthood.

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78.262 - 94.37 Jonathan V. Last

I guess, I guess I found it. Do you get any child? I found it hard. Honestly. Um, I have found it hard to take joy in normal things because in the back of my mind is like, Oh, things might not be okay.

95.478 - 115.492 Tim Miller

Yeah, I hear that. And I think that this is probably cope and maybe it's time for me to get back into therapy. But I feel like I'm tripling down on compartmentalization. I mean, what else are you going to do? And like when I'm in a nugget space or a jazz fest space, I'm just like I'm refusing to let my brain even think about it.

116.112 - 132.668 Tim Miller

You know, until and God love you until this, you know, stranger comes up to me and wants to talk to me about the tariffs, which is fine, which is fine. We love you. I appreciate you. But I just want you to know, in my mind, I'm like, not even on the planet. Also, I might do some self medication that helps me in a way that is something you might want to look into JVL.

132.748 - 152.545 Tim Miller

Let's, let's go to the Trump family corruption. There's so many things to talk about. Wow. But I had to start here because this story just really jumped out at me. Yesterday, long New York Times story about the kids. But there was this one anecdote that was really, I think, you know, the gold standard, so to speak, the Bitcoin standard.

153.006 - 168.163 Tim Miller

An international trucking logistics firm is buying as much as $20 million worth of Trump's crypto. The freight technologies, freight technologies and companies issuing bonds and directing the proceeds directly to the shit coin.

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