Episode 78

Published on:

7th Oct 2022

The Fed Wants You to Lose Your Job, AI Taking Jobs and Chris is a Visionary

On Sunday, the Federal Reserve announced that it would hold a previously unscheduled meeting where some of the matters to be discussed will include, according to the Fed's website, “review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.” It's being called an 'emergency' meeting, bu in reality, closed-door Fed meetings like this happen all the time. There have been about 15 meetings over the last year.

In today's episode of The Higher Standard, Chris and Saied take a look at what this meeting may or may not be signalling, as well as some hard truths about Fed Chair Jerome Powell's attempts to fight inflation.

They discuss why, when Powell tells you he wants to reduce inflation, he’s actually telling you the central bank needs investors to lose money.

Chris and Saied discuss a story about Nala Robotics, an AI company that has launched a fast food robot that, it claims, can fry chicken wings, french fries and other foods, season them and do it all autonomously. It's called the WingMan. Is this the response to the increase of minimum wages?

They also discuss how the tightening of the economy is affecting businesses. Bankruptcies and hiring freezes are happening across the country, and larger businesses like Meta are saying that they need more efficiency out of employees.

Join Chris and Saied for this fascinating conversation.


What You’ll Learn in this Show:

  • What the Fed's 'emergency' meeting really means for the market.
  • Why Jerome Powell needs investors to lose money, in the hopes that those losses will seep into the rest of the economy when capital investments and consumption decline, slowing growth, demand and ultimately inflation.
  • The possibility of AI and robotics replacing workers as a response to minimum wage increases.
  • The effects of the Fed's aggressive tightening of economic policy, and the effect it's having on businesses.
  • And so much more...







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About the Podcast

The Higher Standard
This isn’t a different standard, it’s the higher standard.
Welcome to the Higher Standard Podcast, where we give you ultra-premium, unfiltered truth when it comes to building your wealth and curating the lifestyle of your dreams. Your host; Chris Naghibi is here to help you distill the immense amount of information and disinformation out there on the interwebs and give you the opportunity to choose a higher standard for yourself. Sit back, relax your mind and get ready for a different kind of podcast where we elevate your baseline with crispy high-resolution audio. This isn't a different standard. It's the higher standard.

Follow Chris here as he posts daily: https://www.instagram.com/chrisnaghibi

About your host

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Christopher Naghibi

Christopher M. Naghibi is the Founder and Chief Executive Officer of Black Crown Inc. and Black Crown Law APC, a disruptive collective of attorneys, property managers, real estate agents and contractors who handle home sales and purchases, commercial and multifamily real estate brokerage, primarily for high net-worth and celebrity clients.

His team has over 20 years of experience, 1000+ satisfied clients, $10 million in recovered costs for clients, and in excess of $20 billion dollars in closed transactions.

As a licensed attorney, real estate broker, general contractor, and now Top 100 podcast host, Chris aims to provide free financial education that allows people to take control and democratize fear in the financial world.