<?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd"><channel><title><![CDATA[The Cerf Report]]></title><description><![CDATA[The Cerf Report delivers clear, critical analysis of issues that often lack depth or rigor. Each episode examines the forces shaping economic power, public policy, technology, and institutional change — separating signal from noise. Audio editions are adapted from written research published on Substack, preserving the original analysis in a format designed for listening. <br/><br/><a href="https://thecerfreport.substack.com?utm_medium=podcast">thecerfreport.substack.com</a>]]></description><link>https://thecerfreport.substack.com/podcast</link><generator>Substack</generator><lastBuildDate>Thu, 28 May 2026 16:29:32 GMT</lastBuildDate><atom:link href="https://api.substack.com/feed/podcast/4256397.rss" rel="self" type="application/rss+xml"/><author><![CDATA[David Cerf]]></author><copyright><![CDATA[Disruptive Business Solutions, LLC]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[thecerfreport@substack.com]]></webMaster><itunes:new-feed-url>https://api.substack.com/feed/podcast/4256397.rss</itunes:new-feed-url><itunes:author>David Cerf</itunes:author><itunes:subtitle>The Cerf Report examines issues I believe lack depth or rigor. Most pieces begin as research for my own understanding and are shared when the findings matter. The goal is simple: bring clarity where the narrative is noisy.</itunes:subtitle><itunes:type>episodic</itunes:type><itunes:owner><itunes:name>David Cerf</itunes:name><itunes:email>thecerfreport@substack.com</itunes:email></itunes:owner><itunes:explicit>No</itunes:explicit><itunes:category text="Business"/><itunes:category text="News"/><itunes:image href="https://substackcdn.com/feed/podcast/4256397/2cee23d4a76b766b917743760ccfc094.jpg"/><item><title><![CDATA[The 1.776 Billion Dollar Question]]></title><description><![CDATA[<p>Sources and Further Reading</p><p><strong>The Anti-Weaponization Fund settlement (announced May 18, 2026)</strong></p><p>DOJ press release on the $1.776 billion fund and Trump's IRS lawsuit dismissal — primary source for the settlement structure <a target="_blank" href="https://www.justice.gov/">https://www.justice.gov/</a></p><p>ABC News: "DOJ announces $1.7B 'Anti-Weaponization Fund' as part of Trump IRS lawsuit settlement" — fund details, eligibility, $1.776B figure <a target="_blank" href="https://abcnews.com/US/trump-court-filings-plans-drop-10b-lawsuit-irs/story?id=133066043">https://abcnews.com/US/trump-court-filings-plans-drop-10b-lawsuit-irs/story?id=133066043</a></p><p>Roll Call: "DOJ announces $1.8 billion fund as part of Trump settlement with IRS" — Acting AG Blanche statement, fund administration structure <a target="_blank" href="https://rollcall.com/2026/05/18/trump-seeks-to-drop-10-billion-lawsuit-against-irs/">https://rollcall.com/2026/05/18/trump-seeks-to-drop-10-billion-lawsuit-against-irs/</a></p><p>CNBC: "U.S. creates $1.8B 'lawfare' fund in exchange for Trump dropping $10B IRS suit" — Judgment Fund as funding source, Senate reactions <a target="_blank" href="https://www.cnbc.com/2026/05/18/trump-dismiss-irs-lawsuit.html">https://www.cnbc.com/2026/05/18/trump-dismiss-irs-lawsuit.html</a></p><p>The Hill: "Democrats challenge DOJ's $1.776B 'anti-weaponization' fund" — Article III challenge, 93-member amicus brief <a target="_blank" href="https://thehill.com/regulation/court-battles/5883590-democrats-criticize-doj-anti-weaponization-fund/">https://thehill.com/regulation/court-battles/5883590-democrats-criticize-doj-anti-weaponization-fund/</a></p><p><strong>The underlying IRS lawsuit and constitutional questions</strong></p><p>Al Jazeera: "A president suing himself? Why experts say Trump's $10bn lawsuit might fail" — comprehensive legal analysis, including Emoluments Clause discussion <a target="_blank" href="https://www.aljazeera.com/news/longform/2026/3/13/a-president-suing-himself-why-experts-say-trumps-10bn-lawsuit-might-fail">https://www.aljazeera.com/news/longform/2026/3/13/a-president-suing-himself-why-experts-say-trumps-10bn-lawsuit-might-fail</a></p><p>Fortune: "Trump's IRS suit may end with a $1.7 billion compensation fund" — unprecedented for a sitting president to sue his own government <a target="_blank" href="https://fortune.com/2026/05/16/trump-irs-lawsuit-compensation-fund-government-weaponization/">https://fortune.com/2026/05/16/trump-irs-lawsuit-compensation-fund-government-weaponization/</a></p><p>Court-appointed experts' brief, Southern District of Florida, May 2026 — assessment of Article III adversity</p><p>Filing by 93 House Democrats arguing collusive litigation under Article III</p><p><strong>The Judgment Fund statute and limits</strong></p><p>31 U.S.C. § 1304 — Judgments, awards, and compromise settlements — the controlling statute <a target="_blank" href="https://www.law.cornell.edu/uscode/text/31/1304">https://www.law.cornell.edu/uscode/text/31/1304</a></p><p>GAO Red Book, Volume III, Chapter 14: Payment of Judgments — authoritative interpretation of Judgment Fund scope <a target="_blank" href="https://www.gao.gov/legal/appropriations-law/red-book">https://www.gao.gov/legal/appropriations-law/red-book</a></p><p>Congressional Research Service: "The Judgment Fund: History, Use, and Sources of Funding" — non-partisan overview <a target="_blank" href="https://crsreports.congress.gov/">https://crsreports.congress.gov/</a></p><p><strong>The Keepseagle precedent</strong></p><p>Cohen Milstein: Keepseagle v. Vilsack case summary — class action structure, $760 million settlement, 98% recovery analysis <a target="_blank" href="https://www.cohenmilstein.com/case-study/keepseagle/">https://www.cohenmilstein.com/case-study/keepseagle/</a></p><p>Native American Agriculture Fund — the cy pres successor entity <a target="_blank" href="https://nativeamericanagriculturefund.org/">https://nativeamericanagriculturefund.org/</a></p><p>USDA Farm Service Agency: Keepseagle settlement claims process documentation</p><p><strong>The IRS leak and underlying statute</strong></p><p>26 U.S.C. § 7431 — Civil damages for unauthorized inspection or disclosure of returns — $1,000 per disclosure statutory damages <a target="_blank" href="https://www.law.cornell.edu/uscode/text/26/7431">https://www.law.cornell.edu/uscode/text/26/7431</a></p><p>DOJ press release on the conviction of Charles Littlejohn for the 2019 tax return leak</p><p>New York Times: original Trump tax return reporting (2020) — the underlying disclosure <a target="_blank" href="https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html">https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html</a></p><p><strong>Related Cerf Report analysis</strong></p><p>The Cerf Report: prior coverage of constitutional governance and the appropriations power <a target="_blank" href="https://thecerfreport.com">https://thecerfreport.com</a></p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-1776-billion-dollar-question-1f7</link><guid isPermaLink="false">substack:post:198344441</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Tue, 19 May 2026 01:33:06 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/198344441/b8c714cd1f6fd05ad3db3286255abdfc.mp3" length="11533909" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>721</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/198344441/5093ec05e9b9cd201a3e8f044748cc79.jpg"/><itunes:season>1</itunes:season><itunes:episode>16</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[Jimmy Lai and the Limits of Flattery]]></title><description><![CDATA[<p>Show Notes</p><p><strong>Topic:</strong> Hong Kong's One Country, Two Systems framework; the detention of Jimmy Lai; Trump-Xi diplomacy and the limits of leader-to-leader relationship building.</p><p><strong>Key figures referenced:</strong></p><p>Jimmy Lai: founder of Apple Daily, Hong Kong pro-democracy media figure, convicted under National Security Law, imprisoned; age 78 at time of this episode</p><p>One Country, Two Systems: the framework under which Hong Kong was returned to China in 1997, guaranteeing autonomy through 2047</p><p>National Security Law: enacted by Beijing in 2020, used to prosecute Lai and others</p><p><strong>Background reading:</strong></p><p>Wall Street Journal reporting on Trump-Xi summit and the Lai conversation</p><p>Amnesty International and Committee to Protect Journalists coverage of the Jimmy Lai case</p><p>The Hong Kong National Security Law full text and analysis</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/jimmy-lai-and-the-limits-of-flattery</link><guid isPermaLink="false">substack:post:198136134</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sun, 17 May 2026 15:43:35 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/198136134/208a62d180ddb258325a3c8ca096f007.mp3" length="9510485" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>475</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/198136134/25089bbfb475317e1755d3a4ab6b38ba.jpg"/><itunes:season>1</itunes:season><itunes:episode>15</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[Where Is Our Daniel Ellsberg?]]></title><description><![CDATA[<p>For more articles, visit TheCerfReport.com<strong>Historical sources:</strong></p><p>Truman's commitment of U.S. forces to Korea, June 25-30, 1950: Council on Foreign Relations, "TWE Remembers: Truman's Decision to Intervene in Korea"; Lawfare, "The Korea War Powers Precedent"; Truman Library, "The United Nations in Korea"</p><p>Truman "police action" press conference, June 29, 1950: Honor Flight Chicago, "June 27, 1950: Truman calls for police action"</p><p>Truman's legal theory (UN Charter, UN Participation Act, Security Council resolutions as authorization): Louis Fisher, "The Korean War: On What Legal Basis Did Truman Act?"; Mary L. Dudziak, "The Gloss of War: Revisiting the Korean War's Legacy," 122 Mich. L. Rev. 149 (2023)</p><p>John Foster Dulles testimony, UN Charter ratification hearings, 1945: U.S. Senate Committee on Foreign Relations</p><p>UN Participation Act of 1945, Pub. L. No. 79-264, 22 U.S.C. § 287d</p><p>Senator Robert Taft's "usurpation" floor speech, June 28, 1950: 96 Cong. Rec. 9319-23; Constitution Annotated, "International Police Action and the Korean War"</p><p>Korean War casualty figures (36,000+ U.S. military deaths, 2.5+ million total): Congressional Research Service, "American War and Military Operations Casualties"</p><p>U.S. aid to France in Indochina, 1947-1954: U.S. State Department, Foreign Relations of the United States, 1950, Volume VI; Pentagon Papers, "Aid for France in Indochina, 1950-54"</p><p>Pentagon Papers history and contents: Richard Nixon Presidential Library, "50th Anniversary of the Release of the Pentagon Papers"</p><p>New York Times Co. v. United States, 403 U.S. 713 (1971)</p><p>Daniel Ellsberg, <em>Secrets: A Memoir of Vietnam and the Pentagon Papers</em> (2002)</p><p>Fielding break-in, September 1971: Miller Center, University of Virginia, "Nixon and the Pentagon Papers"</p><p>Ellsberg quote on congressional abdication: public statements and writings on war powers, late career</p><p><strong>Contemporary sources:</strong></p><p>Iran strikes, February 28, 2026: NPR, "Iran strikes were launched without approval from Congress" (March 1, 2026); TIME, "After Iran Strikes, Congress Confronts Its Limited Power Over War" (March 2, 2026)</p><p>Senate war powers vote, March 4, 2026: National Constitution Center, "Does the War Powers Resolution debate take on a new context in the Iran conflict?" (March 2026)</p><p>60-day War Powers Resolution clock and ceasefire claim: CNN Politics, "The law sets a 60-day limit on unauthorized wars. The US is blowing past it in Iran" (April 25, 2026)</p><p>Cost estimates and Pew survey: Close Up Foundation, "Should Congress Prohibit Federal Funding for the War in Iran?" (April 2026); Center for Strategic and International Studies</p><p>Kaine-Paul resolution, Massie-Khanna resolution, Sanders S.2087 (No War Against Iran Act): <a target="_blank" href="http://Congress.gov">Congress.gov</a>; TIME (March 2026)</p><p><strong>Constitutional reference:</strong></p><p>U.S. Constitution, Article I, Section 8, Clause 11 (Declare War Clause); Article I, Section 8, Clause 12 (two-year army appropriation limit)</p><p>Federalist No. 26 (Hamilton on the two-year appropriation requirement)</p><p>War Powers Resolution of 1973, 50 U.S.C. §§ 1541-1548</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/where-is-our-daniel-ellsberg</link><guid isPermaLink="false">substack:post:197372693</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Tue, 12 May 2026 16:28:07 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/197372693/9988cbb0ecb760e6a858c8384bafca31.mp3" length="15111222" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>944</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/197372693/2cee23d4a76b766b917743760ccfc094.jpg"/></item><item><title><![CDATA[The Word “86” Isn’t the Threat — The Reaction Is]]></title><description><![CDATA[<p>86 isn’t a threat. It’s slang. So why is it suddenly being treated like a crime?In this episode of <em>The Cerf Report</em>, we examine the history of the word “86,” the legal standard for true threats, and how ambiguous language can be reframed to create fear. When words are treated as weapons, the real casualty may be the First Amendment.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-word-86-isnt-the-threat-the-reaction</link><guid isPermaLink="false">substack:post:196013150</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Thu, 30 Apr 2026 16:14:15 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/196013150/cae846ce3276fb79887304420b751015.mp3" length="7353796" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>368</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/196013150/151fc13a25197e705d3b018477f0ad06.jpg"/><itunes:season>1</itunes:season><itunes:episode>13</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[The Cost of Great Causes]]></title><description><![CDATA[<p>Great causes have always demanded leaders willing to carry visible weight.</p><p>Today, that gravity gives way to spectacle. Lavish gatherings. Public celebrations. Fundraisers continuing even as tensions rise. Not isolated moments. Patterns.</p><p>Citizens understand sacrifice. What they will not tolerate indefinitely is sacrifice demanded without seriousness, without restraint, without the visible burden that once defined leadership in moments of crisis.</p><p>When leadership begins to resemble entertainment, confidence begins to resemble doubt. And doubt carries its own cost.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-cost-of-great-causes</link><guid isPermaLink="false">substack:post:194233425</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Tue, 14 Apr 2026 21:18:09 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/194233425/6801503835f714047925435869763e99.mp3" length="11980389" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>599</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/194233425/27f447df1280192e6249459d38ad2731.jpg"/><itunes:season>1</itunes:season><itunes:episode>12</itunes:episode></item><item><title><![CDATA[The Peak Before the Fall: When “Greatness” Becomes a Warning Sign]]></title><description><![CDATA[<p>When leaders begin to proclaim their own greatness—is that the rise of strength, or the signal that the fall has already begun?</p><p>History has an answer. We should pay attention.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-peak-before-the-fall-when-greatness</link><guid isPermaLink="false">substack:post:193898638</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sat, 11 Apr 2026 16:19:31 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/193898638/64ae30404bf3559e720b80ba36575edd.mp3" length="9839950" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>492</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/193898638/f448ff253b79ebc370247738f0946d21.jpg"/><itunes:season>1</itunes:season><itunes:episode>11</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[The FBI’s New “Pre-Crime” Center: Proactive Protection or Ideological Policing?]]></title><description><![CDATA[<p>When does counterterrorism become thought policing? The FBI's new NSPM-7 Joint Mission Center — funded in Trump's FY2027 budget — is a 10-agency hub built to "proactively" identify domestic terrorists based on ideological indicators: anti-capitalism, anti-Christianity, "extremism" on migration or gender, hostility to "traditional values." Not plots. Not violence. Viewpoints. I break down how Charlie Kirk's assassination became the justification, why the ACLU and 30+ members of Congress are raising alarms, and what Kash Patel's surge in investigations signals for free speech in America.</p><p>Listen now and decide: proactive protection or thought policing?</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-fbis-new-pre-crime-center-proactive</link><guid isPermaLink="false">substack:post:193492197</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Tue, 07 Apr 2026 18:18:01 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/193492197/9a5c3bb967d7c4b1c8e3c4d0d5fa83d6.mp3" length="5462345" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>273</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/193492197/e12a58779943dd30bfab5a4c40a13571.jpg"/><itunes:season>1</itunes:season><itunes:episode>10</itunes:episode></item><item><title><![CDATA[The Oldest Play in the Book]]></title><description><![CDATA[<p>Every war the United States has fought in the Middle East traces back to the same calculation: who controls the oil. From Kissinger's 1974 petrodollar deal with Saudi Arabia to the capture of Maduro in Venezuela to Operation Epic Fury in Iran — the playbook is the same. The justifications change. The beneficiaries don't.</p><p>In this episode, I connects the dots: the $63 billion windfall for U.S. oil companies as prices top $100 a barrel, the Mar-a-Lago dinner where Trump asked Big Oil for a billion dollars in exchange for American energy policy, the Japan lesson from 1941 that nobody in Washington wants to remember, and the constitutional evasion hiding in plain sight — a president who explained, to a room full of lawmakers, exactly why he won't call it a war.</p><p>The oldest play in the book. And we keep running it.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-oldest-play-in-the-book</link><guid isPermaLink="false">substack:post:192546148</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sun, 29 Mar 2026 21:27:34 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/192546148/89f20f6144e88b4f1b72577efe86ee9a.mp3" length="20552410" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>1284</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/192546148/980d7d153a3b20b846f2223c6e4c0626.jpg"/><itunes:season>1</itunes:season><itunes:episode>9</itunes:episode></item><item><title><![CDATA[The End of Nuclear Assurances]]></title><description><![CDATA[<p>The Iran war isn’t just another conflict—it’s the death knell for nuclear assurances. Ukraine gave up its arsenal for broken promises (Budapest Memorandum). Iran complied with the JCPOA until the U.S. tore it up. Diplomacy yielded a breakthrough on Feb 27, 2026—then strikes hit Feb 28. Now France expands its nukes for the first time in decades, THAAD defenses are stripped from South Korea, and allies worldwide rethink deterrence. Broken trust doesn’t prevent proliferation; it accelerates it. What has been achieved when the world re-arms faster than ever? Full analysis in the latest Cerf Report podcast</p><p>.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-end-of-nuclear-assurances</link><guid isPermaLink="false">substack:post:190957697</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sat, 14 Mar 2026 20:23:25 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/190957697/a75834f42442dd402c4380beeae52823.mp3" length="19904599" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>1244</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/190957697/1d9d005616a2282fe4bc692a47bcbc5b.jpg"/><itunes:season>1</itunes:season><itunes:episode>8</itunes:episode></item><item><title><![CDATA[US War With Iran: Who Pays the Bill? | One Man’s War]]></title><description><![CDATA[<p>The United States is at war with Iran — and history shows the cost of war is never what presidents promise.</p><p>From Lincoln’s Civil War tax to the trillions borrowed for Iraq and Afghanistan, this episode examines how America shifted from paying for wars through taxation to financing them through debt — creating what Harvard scholar Linda Bilmes calls the “Ghost Budget.”</p><p>Instead of raising taxes, Washington borrowed. Iraq was sold at $60 billion. The total obligation will exceed $6 trillion.</p><p>When war is financed through debt instead of taxation, the burden shifts into inflation, future taxes, and long-term interest payments.</p><p>This episode analyzes the constitutional balance between Congress and the presidency, the War Powers framework, and the financial structure behind modern American war.</p><p>Who has the authority to write a check in your name for a war you didn’t authorize?</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/us-war-with-iran-who-pays-the-bill</link><guid isPermaLink="false">substack:post:189902213</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Wed, 04 Mar 2026 20:39:50 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/189902213/1fb60f29e5181d3044bf5e0be4a33758.mp3" length="19045694" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>1190</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/189902213/e478ca7462c496d111bb27e8d761f3d4.jpg"/><itunes:season>1</itunes:season><itunes:episode>7</itunes:episode></item><item><title><![CDATA[US-Iran Escalation – Preemptive Strike or Coordinated Regime-Change Play?]]></title><description><![CDATA[<p>The administration calls the strikes on Iranian leadership defensive necessity. But months of joint planning, expanded operational scope, and the absence of public evidence of an imminent Iranian attack suggest something far larger. In Episode 6, we examine the coordination timeline, the legal framing, stockpile implications, and why China and Russia are watching closely.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/us-iran-escalation-preemptive-strike-619</link><guid isPermaLink="false">substack:post:189774127</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Tue, 03 Mar 2026 15:49:28 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/189774127/06d9c490990a99f1479ec1ffb8cf741d.mp3" length="4504390" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>375</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/189774127/724632d8921839b8d2fbcdcaddb05ea4.jpg"/><itunes:season>1</itunes:season><itunes:episode>6</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[Bombs Over Blockades: Why Iran Got War Instead of Maximum Pressure ]]></title><description><![CDATA[<p>On the day the U.S. and Israel launched Operation Epic Fury, the same old justification: ‘no alternatives left.’ But were the economic tools ever truly exhausted? From Cuba’s full energy blockade to Iran’s half-enforced sanctions — and why Kharg Island made a naval cutoff easier than anyone admits. Learn what $8 trillion, 4.5 million dead have to show us? Listen now. </p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/bombs-over-blockades-why-iran-got</link><guid isPermaLink="false">substack:post:189500053</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sat, 28 Feb 2026 22:00:21 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/189500053/f353e620fdd8b616804cf9b700affe9d.mp3" length="18328437" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>1145</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/189500053/2cee23d4a76b766b917743760ccfc094.jpg"/></item><item><title><![CDATA[The First-Year Scorecard: Tariffs Under the Microscope]]></title><description><![CDATA[<p>The tariffs were supposed to make America stronger — instead, the bill may be landing closer to home than anyone expected.</p><p><em>The Cerf Report</em> delivers a sharp retrospective on the first year of the Trump administration’s economic and trade agenda, examining where policy promises have collided with economic reality. This episode explores mounting evidence that U.S. consumers — not foreign competitors — have absorbed much of the tariff impact through rising prices.</p><p>The analysis also scrutinizes the gap between headline investment announcements and tangible industrial follow-through, while unpacking how accelerating automation continues to undercut expectations of a broad manufacturing jobs revival. Beyond the economic data, the report examines the growing legal challenges to the administration’s trade authorities and the shifting political landscape as skepticism rises among voters and lawmakers alike.</p><p>At its core, this episode argues that economic fundamentals ultimately outweigh political narratives — and that recent trade policy has entered a familiar pattern: bold escalation followed by quiet recalibration.</p><p>Clear-eyed, data-driven, and unflinching, <em>The Cerf Report</em> connects the dots between policy ambition and market reality.</p><p></p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-first-year-scorecard-tariffs</link><guid isPermaLink="false">substack:post:188549012</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Sat, 21 Feb 2026 14:27:00 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/188549012/64d0a21639e29e2610f9fe326cf13136.mp3" length="14888366" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>1241</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/188549012/2cee23d4a76b766b917743760ccfc094.jpg"/></item><item><title><![CDATA[SCOTUS Just Killed $200 Billion in Tariffs—But Gave Trump the Playbook to Bring Them Back]]></title><description><![CDATA[<p>SCOTUS just nuked $200 billion in Trump tariffs—then Justice Kavanaugh handed him the playbook to bring them back. Constitutional win? Maybe. Practical victory? Not even close. The Court told Congress to stop hiding behind vague statutes while leaving importers with zero guidance on refunds. This isn't about tariffs. It's about institutional cowardice dressed up as separation of powers.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/scotus-just-killed-200-billion-in</link><guid isPermaLink="false">substack:post:188666551</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Fri, 20 Feb 2026 22:48:18 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/188666551/508b0052a18d293adb083d5a964b83d6.mp3" length="7205267" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>600</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/188666551/2cee23d4a76b766b917743760ccfc094.jpg"/></item><item><title><![CDATA[Trademarking the Presidency for Private Profit]]></title><description><![CDATA[<p>This article from <strong>The Cerf Report</strong> examines the unprecedented decision by the <strong>Trump Organization</strong> to seek <strong>commercial trademarks</strong> for a sitting president’s name regarding <strong>airport branding</strong> and associated merchandise. Author David Cerf highlights that while previous presidents received such honors posthumously or after their terms, this proactive <strong>legal filing</strong> allows a private entity to potentially <strong>monetize civic tributes</strong>. The text suggests that these actions create a significant <strong>conflict of interest</strong>, blurring the boundaries between <strong>public service</strong> and <strong>private corporate profit</strong>. Furthermore, Cerf argues that these maneuvers may violate the spirit of the <strong>Emoluments Clause</strong> by giving a private business leverage over municipal decisions. Ultimately, the source serves as a critical analysis of how <strong>presidential power</strong> is being increasingly integrated into <strong>private brand management</strong>.</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/trademarking-the-presidency-for-private</link><guid isPermaLink="false">substack:post:188498597</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Thu, 19 Feb 2026 15:01:55 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/188498597/f730671eefe94128458cd9b6f4b73807.mp3" length="9499200" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>792</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/188498597/afbb0587d4ebb1760065c1e2683deb55.jpg"/><itunes:season>1</itunes:season><itunes:episode>1</itunes:episode><itunes:episodeType>full</itunes:episodeType></item><item><title><![CDATA[ The Synthetic Neighbor]]></title><description><![CDATA[<p>AI just wrote a novel, solved a protein folding problem that stumped scientists for decades, and convinced a researcher it was sentient.</p><p>So here's the question keeping philosophers and programmers up at night: Are we accidentally creating new life forms? And if we are—what happens next</p><p>?</p> <br/><br/>Get full access to The Cerf Report at <a href="https://thecerfreport.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">thecerfreport.substack.com/subscribe</a>]]></description><link>https://thecerfreport.substack.com/p/the-synthetic-neighbor</link><guid isPermaLink="false">substack:post:172831543</guid><dc:creator><![CDATA[David Cerf]]></dc:creator><pubDate>Thu, 04 Sep 2025 23:19:26 GMT</pubDate><enclosure url="https://api.substack.com/feed/podcast/172831543/f06f476523f68952a9e4d80f134756b8.mp3" length="6603246" type="audio/mpeg"/><itunes:author>David Cerf</itunes:author><itunes:explicit>No</itunes:explicit><itunes:duration>550</itunes:duration><itunes:image href="https://substackcdn.com/feed/podcast/4256397/post/172831543/7e01aa8b47456975604449f68417dd87.jpg"/><itunes:season>1</itunes:season><itunes:episode>1</itunes:episode><itunes:episodeType>full</itunes:episodeType></item></channel></rss>