Andrew Schulz's Flagrant with Akaash Singh
Andrew Schulz's Flagrant with Akaash Singh
"The coronavirus test is the new blue check your blue check on Instagram means nothing out don't even go do a blue check now don't even go for blue check get yourself a corona virus test because that's how we know who's really famous and who's really not" — Host 1
"I think you have to understand you are the product all of us right here we are the products of millions of years of evolution okay we're built to handle some fucking sniffles and a little time out if you can't handle this shit you're not supposed to be here in the first place" — Host 1
"The banks I think only have to keep I think 10% of what 10% of the holdings in the actual physical vault yeah right so if so if Alex me and you guys listening we all have total one million dollars in a bank they only got to keep a hundred thousand of those dollars in the bank nine hundred thousand dollars can be invested or they give you know loans other people etc they use that money to make money" — Host 1
The podcast begins by addressing the perceived inequality in access to COVID-19 testing, likening it to a new form of social currency for the famous. It highlights anecdotal evidence of limited testing for the general public while celebrities seemingly have easier access, raising questions about resource allocation. This segues into a discussion about the wealth gap and how individuals in different socioeconomic positions experience the crisis.
The conversation then shifts to the broader economic ramifications of the situation, touching upon the potential struggles of small businesses and entertainment venues, contrasting them with larger corporations that may receive bailouts. The hosts propose a "pause button" approach to economic challenges, similar to pausing a video game, rather than simply taking on more debt. They also delve into financial preparedness, advising listeners to have some cash on hand due to potential bank liquidity issues and explaining the fractional reserve banking system.
Finally, the episode emphasizes the importance of maintaining a resilient and positive mindset. The hosts encourage listeners to focus on opportunities for personal growth, community engagement, and constructive activities during this period of uncertainty, rather than succumbing to fear or dwelling on negativity. They propose a daily episode format to foster structure and community connection, drawing inspiration from historical precedents like FDR's fireside chats.