Hill and Levy Credit, Tax , Mortgages and More
Hill & Levy is your no-nonsense guide to building wealth in the real world — not on Wall Street fantasy charts.
Each week, we break down:
- Credit hacks the banks don’t advertise
- Tax strategies the wealthy actually use
- Mortgage & real-estate moves that build long-term wealth
- Economic shifts that impact your money before they hit your wallet
We connect breaking financial news to real-life decisions so you know:
- When to buy
- When to refinance
- When to invest
- And when to protect your money
If you want to stop guessing and start playing the same money game as the top 1%, this is the show that shows you how.
Hill and Levy Credit, Tax , Mortgages and More
California’s Hidden Trillion: Unlock It or Lose It?
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
🎙️ Intro Music Fades In
Host: "Welcome to 'You Can't Side Step the Process,' the podcast where we help you navigate the complexities of relationships, finances, and wellness. Whether you're a young adult just starting out, someone eager to master their financial future, or seeking meaningful relationships, this is the place for you."
🎙️ Intro Music Builds Up
Host: "Join us each week as we bring you expert advice, inspiring stories, and practical t
What if a solution to one of our biggest challenges was buried right under one of our most persistent problems? It's a question that seems almost too poetic, but it's playing out in real time right here in the California desert. Deep beneath the surface of the Salton Sea, California's largest and most troubled lake, lies a potential fortune. This isn't speculation. Geologists and government experts have confirmed it. An immense deposit of lithium, a metal essential for our modern world, is dissolved in the superheated, mineral-rich geothermal brine that flows thousands of feet below the lake bed. The U.S. Department of Energy estimates there could be 18 million metric tons down there. To put that in perspective, it's a volume that could reshape global supply chains. That is a staggering amount, valued at potentially more than half a trillion dollars. This isn't just a local discovery, it's one of the largest known lithium brine deposits on the planet. This metal, often called uh white gold, is the key ingredient in the rechargeable batteries that power our lives. It is in your cell phone, it is in your laptop, and most importantly for the future, it is the beating heart of the clean energy transition found in electric vehicles. The lithium at the Salton Sea could be enough for over 375 million electric car batteries. For a nation that currently imports nearly all of its lithium, this find promises a direct path toward energy independence and self-sufficiency. It could secure a critical part of the supply chain for clean energy technology right here at home. The potential is immense, but the location itself presents a profound and deeply ironic challenge. The opportunity is tied directly to a place with a long history of environmental and human struggle. The Salton Sea was born from an engineering accident over a century ago in 1905. A poorly built irrigation canal from the Colorado River failed, and for two years, the entire river poured into this desert basin, creating a vast inland sea. For decades, it was a thriving resort destination, a desert oasis nicknamed the California Riviera. Tourists flocked here for boating, fishing, and sun. But that time has passed. With no natural outlet, the lake became a sink for agricultural runoff. Today, the lake is shrinking fast. As the water evaporates, its salinity skyrockets, now far saltier than the Pacific Ocean, creating a toxic environment where fish die off in massive numbers, their bones littering the shoreline. The receding shoreline exposes a dry lakebed, or playa, coated with fine talc-like dust, containing salts, pesticides, and heavy metals from years of agricultural runoff. When the wind blows, and it often does, this toxic dust gets kicked into the air, creating serious health risks for the people who live nearby. The region has some of the highest rates of childhood asthma in the state. This is the difficult reality of the Imperial Valley. It is a region of stark contrasts, a place of agricultural bounty that feeds the nation, sitting right next to significant poverty and environmental injustice. Now, this discovery of lithium introduces another layer of complexity, another profound contrast. The promise of economic renewal is powerful. The prospect of high-paying jobs, new infrastructure, and a revitalized tax base is tantalizing. So is the fear of making a bad situation even worse. For generations, this community has seen promises come and go, often leaving them with the consequences. The question hanging over this community is a heavy one. Can they unlock this hidden trillion dollar treasure without deepening the environmental crisis that has plagued them for generations? Can this new industry be a partner in healing the lake? Or will it become just another chapter in its exploitation? The stakes are incredibly high, for the local community and for the nation. The discovery of this massive lithium deposit has ignited hope in Imperial County, but it's a cautious hope, tempered by history and a healthy dose of skepticism. Beneath the shimmering, often deceptive surface of the Salton Sea, a vast reservoir of superheated, mineral-rich brine holds a modern-day treasure. The discovery of this massive lithium deposit has ignited a powerful sense of hope in Imperial County, a region long accustomed to promises that evaporate in the desert heat. This is one of the poorest regions in California, a place of stark contrasts where the memory of a bygone resort boom clashes with the harsh reality of the present. For decades, as the sea has receded, so too have the economic opportunities. Unemployment here is often triple the state average, a persistent challenge that has shadowed generations. With about one in six people living in poverty, the need for a new economic engine is not just an abstract policy goal, it's a daily necessity. For them, the talk of a lithium valley is not just about geology or global supply chains, it is about the tangible chance for a better life. Right here at home. Proponents of the new industry paint a picture of a comprehensive transformation. They see thousands of good-paying, stable jobs coming to the area, with salaries projected to be significantly higher than the county's current median income. These would not just be temporary construction jobs, which are expected to employ over a thousand people during the building phase. The real promise lies in the long-term careers for plant operators, skilled technicians, and engineers who will run these complex facilities for decades to come. The economic benefits are designed to ripple well beyond individual paychecks, creating a multiplier effect throughout the community. Companies planning to extract the lithium have promised a surge in local tax revenue, a game changer for the county's budget. One company, controlled thermal resources, projects that its Hell's Kitchen project alone could generate tens of millions of dollars in new revenue for the county each year once it reaches full-scale operation. This money could be a lifeline for chronically underfunded public services. It could mean better schools, with more resources for teachers and students, improved health care facilities, potentially attracting more doctors and specialists to the region, and critical investments in local infrastructure like roads, water systems, and public parks. For a community that has long felt left behind, this potential infusion of cash represents a generational opportunity to build a more prosperous and sustainable future for their children, giving them a reason to stay and build their own lives here. Perhaps the most unique part of the promise is that this development could help heal the very environment it touches. A portion of the revenue from a new county tax on lithium extraction is specifically earmarked for the Salt and Sea Restoration Fund. The idea is to create a virtuous cycle, using the profits from the resource below the lake to help fix the ecological problems on the surface. This could fund large-scale projects to control the toxic dust that plagues the air as the shoreline recedes and restore vital habitats for the hundreds of species of birds and other wildlife that depend on the sea. It is a compelling vision, an industry that not only powers the green energy transition globally, but also pays to clean up a legacy of environmental damage locally. This vision has powerful backers, creating a rare alignment of interests. Local officials see a path to prosperity. The state government in Sacramento and the federal government in Washington, D.C., California seize a chance to create a major clean energy hub, cementing its role as a leader in the fight against climate change by securing a key component of the battery supply chain. The federal government, through the Department of Energy, has committed$1.4 billion in a conditional loan to one of the projects, signaling a strong belief in the technology and the strategic importance of domestic lithium production. With this level of political and financial support, the dream of a thriving lithium valley feels for the first time tantalizingly close to reality. For many, it seems like a clear win-win-win for the local economy, for the environment, and for the nation's energy independence. A perfect solution. The plan to get the lithium out of the ground is not your typical mine. The plan to get the lithium out of the ground is not your typical mine. There will be no massive open pits, no destructive blasting. The technology at the heart of this proposed boom is called direct lithium extraction. DLE. It's a newer, more sophisticated approach. The idea? Tap superheated, mineral-rich brine deep underground. That geothermal brine is already being pumped to the surface by nearby power plants to make electricity. DLE would add a second step: filter lithium out before reinjecting the brine. Think of it like a highly specialized water filter. Hot brine is pumped up from a well. It passes through a facility where a special material grabs lithium ions and lets the rest through. Example, a bead material. Example, a membrane material. Once lithium is captured, the leftover brine is sent back down. This is marketed as much cleaner and faster than traditional extraction. Traditional methods use huge, slow evaporating ponds. Those ponds take up vast amounts of land. They also consume vast amounts of water. It promises a greener path to the green economy's key mineral, but there is a significant catch. While the theory is sound, this type of DLE has never been run at full commercial scale anywhere. The Salt and Sea projects would be among the first. Local advocate Luis Almedo notes the tech has only been tested at demonstration scale. Scaling from a pilot to massive industrial plants is a huge leap. Many unknowns remain about long-term equipment performance in the Salton Sea's corrosive brine. That uncertainty fuels anxiety for environmental groups and community members. The brine under the Salton Sea is a chemically challenging soup, it has relatively low lithium concentration compared to South American deposits. It contains many other minerals that complicate separation. High heat and pressure have caused components to break down in earlier tests. People worry, what if something goes wrong? What if there's a leak? What might be released into the air? What might be released into the water? The promise is exciting, but the fear of the unknown is very real. The biggest concerns for local communities are rooted in the elements they live with every day. The biggest concerns for local communities are rooted in the elements they live with every day. Water air. The Imperial Valley is a desert. Water is a precious and fiercely debated resource. The Colorado River, which supplies the region, is already over-allocated. Against this backdrop, the lithium projects come with a heavy water footprint. One project alone, Hell's Kitchen, is projected to need about 6,500 acre feet of water annually. That is enough water to supply thousands of households for a year. The companies say this water is necessary for their industrial processes, including cooling, diluting the brine. This demand for water creates a direct conflict. Using more water for industry could mean less water available to manage the salt and sea itself. One of the main strategies for controlling the toxic dust from the exposed lakebed is to create shallow water habitats around the perimeter of the sea. These projects require a reliable water supply. So, the very resource needed to extract the lithium is also needed to mitigate the environmental damage the shrinking sea is already causing. People are asking a fair question: where will all this water come from? And what will be sacrificed to get it? Air quality is an even more immediate and personal fear. Residents of Imperial County already suffer from some of the highest rates of asthma in California, a problem directly linked to the poor air quality. The dust from the playa is a known hazard. Now people worry that massive new industrial facilities could make the air even worse. One geography professor raised concerns that the environmental reviews were not clear enough. He questioned the potential for the process to produce more toxic dust hydrogen sulfide radon. These are not abstract concerns, they are life and death issues for the families who live downwind from the proposed sites. Environmental and civic groups have taken these fears to court. They have filed lawsuits arguing that the county rushed to approve the projects without doing a thorough enough environmental review. They claim the potential impacts on air quality water used the generation of toxic waste were not properly studied. An Imperial County judge dismissed one major lawsuit, but the groups are appealing. The legal battles show a deep divide between the push for economic progress and the demand to protect public health. While California is tangled in debates and legal challenges, while California is tangled in debates and legal challenges, a clock is ticking. The race to develop a domestic lithium supply chain is not just happening in Imperial Valley. Other states see the same opportunity, and they are moving quickly to attract the investment and jobs that come with it. Nevada, Utah, Texas, Arkansas. These states often have a reputation for being more business friendly, with streamlined permitting processes and fewer regulatory hurdles than California. For companies looking to get projects built, time is money. Industry leaders and some analysts are openly warning that California's complex system could cause it to lose out. Sean Hyatt, a professor at USC, has called California's lithium valley the underdog. He points to the smack over formation in Arkansas as the region he believes will ultimately produce the most lithium in the U.S. The reason is simple: it is faster and easier to get things done there. While California holds public hearings and navigates lawsuits, billions of dollars in investment are flowing to states where progress is not bogged down in what some call a quagmire of empty promises. This competition puts California's leaders in a difficult position. On one hand, the state's stringent environmental laws, like the California Environmental Quality Act, are there for a reason. They are designed to protect communities and the environment from the harmful impacts of industrial development. Rushing approvals without careful review could lead to a disaster. On the other hand, if the process is too slow and unpredictable, companies may simply give up. Some businesses that had committed to the Salton Sea effort are already reconsidering their plans as progress stalls, redirecting resources elsewhere. The situation is a stark illustration of California's governance challenges. The state prides itself on its environmental leadership, yet that very leadership can create a climate of uncertainty that drives away the green industries it wants to attract. This dysfunction threatens to squander a half trillion dollar opportunity that could benefit a disadvantaged community and help the state meet its climate goals. The question is whether California can find a way to be both protective and efficient, to uphold its standards without losing the race entirely. It is a balancing act that, so far, has proven incredibly difficult to master. The path forward for Lithium Valley, the path forward for what some are calling Lithium Valley, is not a simple choice between jobs and the environment. A fair and sustainable solution must deliver both without compromise. This requires a clear, multi-stage implementation roadmap, a deliberate, step-by-step approach that builds trust and prioritizes the health and safety of the community that will live alongside these industrial projects for decades to come. The first step in this roadmap is to rigorously prove the technology through a phased process. This begins with the pilot phase, where companies must run extensive, long-term programs under the watchful eye of independent scientists and regulators to confirm the core process works. The next stage is validation, building a larger demonstration plant that operates continuously for an extended period, perhaps a year or more. This phase must prove the technology can handle the real-world stresses of the Salton Sea's uniquely corrosive brine and generate transparent data on water use, waste streams, and air emissions. This is not about stopping progress. It is about ensuring that when these plants are built at full commercial scale, they are safe, reliable, and do exactly what they promise. Only after passing these validation gates should a phased commercial scale-up be permitted. Second, the people of Imperial Valley must have a real voice and receive tangible, lasting benefits. This goes far beyond vague promises made in press releases. It means establishing legally binding community benefit agreements before any major construction begins. These agreements must guarantee local hiring quotas, fully funded job training programs, and direct sustained investment in local health clinics, public schools, and infrastructure like roads and parks. The state's excise tax on lithium is a good start, but the funds must be managed with absolute transparency. The 30% designated for communities directly affected by the extraction, and the 20% for salt and sea restoration must be protected in a lockbox and deployed effectively. This requires a community oversight board with real authority to ensure the money goes where it is needed most, not to political pet projects. Third, California must hold the line on its world-class environmental protections while finding ways to make the permitting process more efficient and predictable. The state has recently shown a willingness to fast-track fossil fuel projects like new oil drilling in Kern County under political pressure. It would be a profound and damaging contradiction to apply a weaker, faster standard to a so-called clean energy project in a vulnerable community. The answer is not to gut environmental review, but to adequately fund and staff the state and county agencies responsible for conducting it. More experts, not fewer rules, is the key. This would allow for thorough science-based reviews to be completed in a more predictable and timely manner, giving both communities and companies the certainty and clarity they desperately need to move forward. Ultimately, the treasure buried beneath the Salton Sea presents a profound test. It is a test of a new technology, a test of political will, and a test of our collective ability to pursue a cleaner future without sacrificing the health and well-being of our most vulnerable communities. Unlocking this domestic supply of lithium could be a monumental achievement for the region, the state, and the nation. But if it is done recklessly, rushed by market pressure or political expediency, the price in human health and environmental damage could be far too high to pay. The correct path forward is not the fastest one, but the most careful and deliberate one. First, test the technology. Then, protect the people. Always share the benefits. And finally, enforce the rules without exception. That is how California can unlock its hidden fortune without losing its way.
Podcasts we love
Check out these other fine podcasts recommended by us, not an algorithm.