Topics & People

A term for large-scale, corporate farming. It is one of the key issues that RFK Jr.'s VP pick, Nicole Shanahan, has spoken out against, advocating for an end to 'extractive corporate agriculture'.

A fungal disease that affects cocoa trees, spreading rapidly in wet conditions. The recent El Nino event caused heavy rainfall, leading to a widespread outbreak and a sharp decline in cocoa yields.

Along with Ghana, one of the two largest cocoa-producing countries in the world, located in West Africa.

A major cocoa-producing nation in West Africa that has seen a roughly 50% decline in cocoa production due to adverse weather and disease.

The region, specifically Ghana and Ivory Coast, that produces over 70% of the world's cocoa supply and has been heavily impacted by weather and disease, leading to a global price surge.

A historically severe ocean temperature anomaly projected to dramatically disrupt global weather patterns and agricultural stability.

A key commodity for chocolate production, which has experienced a parabolic price spike from around $2,000 to $10,000 per ton due to supply chain issues in West Africa.

The means by which the government raises revenue. The podcast discusses the limits of taxation, noting that historically, federal tax receipts have not exceeded 20% of GDP, regardless of the marginal tax rates.

The proposed federal budget for fiscal year 2025, totaling $7.3 trillion with a projected deficit of $1.78 trillion. The proposal sparks a discussion about unsustainable federal spending, debt, and taxation.

A financial instrument created by David Bowie that securitized revenue from his music catalog. Chamath Palihapitiya compares Trump's DJT stock to a modern, more sophisticated version of the Bowie Bond, representing the monetization of a personal brand.

A famous musician who, in 1997, issued 'Bowie Bonds,' which monetized the future royalties from his back catalog. This is used as an analogy for how Donald Trump is monetizing his brand through his publicly traded company.

A stock that gains a large following of retail investors through social media, often trading at prices disconnected from the company's fundamental performance. DJT is cited as a prime example.