Latest / The Ben Ferguson Podcast / THE NEW BIG LIE: Democrats say "There’s ‘A Lot’ of Price Gouging" and that is why inflation is SO bad! Yet NONE can show proof!

Transcript

THE NEW BIG LIE: Democrats say "There’s ‘A Lot’ of Price Gouging" and that is why inflation is SO bad! Yet NONE can show proof! · The Ben Ferguson Podcast

• 0:00
  Speaker 1: Joe Biden's America just got even worse inflation through the roof.
• 0:04
  Speaker 1: The price you're paying for gas today is the highest
• 0:07
  Speaker 1: in history again, whether it's diesel or unleaded. And now
• 0:11
  Speaker 1: it is official that Nazdak has seen the worst month
• 0:15
  Speaker 1: since two thousand and eight. As companies are putting out
• 0:20
  Speaker 1: disappointing earnings. This also coming as they're trying to distract
• 0:25
  Speaker 1: you at the White House with what they now say
• 0:28
  Speaker 1: is good news. You're ready for this. US has now
• 0:31
  Speaker 1: authorized COVID nineteen vaccine booster shots for kids ages five
• 0:37
  Speaker 1: to eleven. What is the next step They want you
• 0:40
  Speaker 1: to be excited to see, DC under doctor Fauci is
• 0:43
  Speaker 1: now going to give their recommendation, We're being told later
• 0:47
  Speaker 1: this week. So because line your kids up and get
• 0:50
  Speaker 1: them vaccinated and boosted, because apparently they are still in
• 0:55
  Speaker 1: control of everything you do in your life when it
• 0:58
  Speaker 1: comes to COVID. I'll have more on that in a moment,
• 1:01
  Speaker 1: but first let me tell you real quick about my
• 1:02
  Speaker 1: good friends ever at Legacy Precious Metals. You've seen what's
• 1:05
  Speaker 1: going on the economy and the stock market and inflation.
• 1:08
  Speaker 1: It's just ridiculous. Now, what's going on. So the question
• 1:12
  Speaker 1: is are you diversified? Are you prepared to weather this storm? Well?
• 1:18
  Speaker 1: Do you have any investments in gold and silver precious metals?
• 1:22
  Speaker 1: Did you know that gold and silver is actually used
• 1:24
  Speaker 1: as a head against inflation. It is to diversify you
• 1:29
  Speaker 1: so that when they're all terrible days and now weeks
• 1:32
  Speaker 1: and months on Wall Street, that your assets are diversified
• 1:36
  Speaker 1: so that they are not affected in such a negative way.
• 1:40
  Speaker 1: If you are not investing in gold and silver, now
• 1:43
  Speaker 1: is the time to look at Legacy Precious Metals. Call
• 1:46
  Speaker 1: them and they will send you a free investor's guide
• 1:49
  Speaker 1: so that you can see what you can do with
• 1:51
  Speaker 1: your retirement. You're four one k your IRA with gold
• 1:54
  Speaker 1: and silver the company that I use and I trust
• 1:58
  Speaker 1: one eight six six seven five one twenty two eighteen
• 2:03
  Speaker 1: one eight six six seven five one twenty two eighteen
• 2:09
  Speaker 1: or online at Legacy PM investments dot com. Also a
• 2:13
  Speaker 1: quick reminder, please make sure you hit the share button
• 2:16
  Speaker 1: share a podcast and hit that subscriber auto download buttons
• 2:19
  Speaker 1: so you get this podcast every day for free. Now
• 2:23
  Speaker 1: Here is how the world is now reacting to the
• 2:26
  Speaker 1: NASDAC seeing the worst month since two thousand and eight.
• 2:29
  Speaker 1: When the housing crisis happened. Listen to this, and being
• 2:32
  Speaker 1: into the summer months now, the NAZDAC just had it's
• 2:34
  Speaker 1: worth worst month since October two thousand and eight, plunging
• 2:38
  Speaker 1: thirteen point three percent. Big tech earnings have fueled the bearishes,
• 2:42
  Speaker 1: most notably act disappointing quarter from Amazon. Julie, this was wow,
• 2:48
  Speaker 1: what a month for April, and of course you had
• 2:50
  Speaker 1: the Amazon earnings later in the month, really putting in
• 2:52
  Speaker 1: a button on this performance for the NAZAC. But it's
• 2:55
  Speaker 1: not just Amazon earnings. Really, this has been happening. It
• 2:57
  Speaker 1: happened throughout April, where disappointing tech earnings of course Netflix
• 3:01
  Speaker 1: as well, concerns about rising interest rates. You put all
• 3:04
  Speaker 1: these things together, you want to get a disastrous month,
• 3:06
  Speaker 1: like the Nazak just said. And it's not just the
• 3:09
  Speaker 1: Nazak that we should point out. It was actually pretty
• 3:12
  Speaker 1: broad based selling over the past month. Take a look
• 3:14
  Speaker 1: at theho Finance interactive here at the DAO off very
• 3:18
  Speaker 1: sharply over the past month. The S and P five
• 3:21
  Speaker 1: hundred town about ten percent on the month, and then
• 3:24
  Speaker 1: you had that disastrous performance for the Nazak, which to
• 3:27
  Speaker 1: be sure, was worse than the others, but it was
• 3:29
  Speaker 1: pretty bad for all three. Let's sit a little bit,
• 3:32
  Speaker 1: you know that they keep saying the word disaster, disaster.
• 3:36
  Speaker 1: Now Ben BURNANKI has also come out and he said
• 3:39
  Speaker 1: that Biden's economy right, Biden's America, Biden inflation is totally
• 3:44
  Speaker 1: out of control. Ben Bernanky, by the way, who helped
• 3:47
  Speaker 1: the US recover after the two thousand and eight crash,
• 3:50
  Speaker 1: now sees what he refers to his huge warning signs
• 3:54
  Speaker 1: on inflation, stagflation as well as student debt. Now, the
• 4:00
  Speaker 1: former Federal Reserve chairman has come out and warned of
• 4:03
  Speaker 1: what's coming in America if we stay on the same path.
• 4:07
  Speaker 1: He said, the US Central banks decision to delay its
• 4:09
  Speaker 1: response to the hyest inflation rate rates in four decades
• 4:13
  Speaker 1: quote was a mistake. Bernanke, who served two terms as
• 4:17
  Speaker 1: chair the Federal Reserve during the Bush and Obama administrations,
• 4:21
  Speaker 1: a non political guy, many would argue, help guide the
• 4:24
  Speaker 1: country through that O eight financial crash, another time in
• 4:27
  Speaker 1: which the Central Bank played an outsize role in trying
• 4:30
  Speaker 1: to help the economy recover. Speaking to CNBC, Bernanke said
• 4:35
  Speaker 1: that while he understands the reasons behind the Fed's delayed
• 4:39
  Speaker 1: response it was still a mistake, saying they should have
• 4:42
  Speaker 1: acted sooner to help bring down inflation rates that rose
• 4:45
  Speaker 1: as high as eight point five percent year over year
• 4:48
  Speaker 1: in April. Why did they delay the response? I think
• 4:52
  Speaker 1: in retrospect, yes, it was a mistake, Bernanke said, And
• 4:55
  Speaker 1: I think they agree it was a mistake. Brenik said.
• 4:58
  Speaker 1: The FED avoided taking more immediate action out of fears
• 5:01
  Speaker 1: that it would shock the market. Throughout twenty twenty one,
• 5:04
  Speaker 1: while inflation rates were steadily rising, Much of the public
• 5:08
  Speaker 1: response to the FED was based around a belief that
• 5:11
  Speaker 1: the rising rates were transitory. They were not. Powell got
• 5:15
  Speaker 1: it wrong, the White House got it wrong, and they
• 5:17
  Speaker 1: described it at the time as, Oh, don't worry about it.
• 5:21
  Speaker 1: It's not going to be a big issue, not enough
• 5:23
  Speaker 1: to leave a quote permanent mark in the form of
• 5:26
  Speaker 1: higher inflation. That's how wrong Poll and the White House were.
• 5:31
  Speaker 1: It wasn't until December of last year that Powe and
• 5:34
  Speaker 1: the Treasury Secretary Janet Yellen, the same woman who last
• 5:38
  Speaker 1: week talking about the economy, said it's important we have abortion,
• 5:41
  Speaker 1: otherwise it could actually affect debt in this country and
• 5:46
  Speaker 1: inflation and the job market not a joke. That's what
• 5:49
  Speaker 1: Janet Yellen, the Treasury Secretary, said, as she advocated for
• 5:52
  Speaker 1: abortion on demand and for companies provide for travel for
• 5:56
  Speaker 1: you to get an abortion if rov Wait is struck down.
• 5:58
  Speaker 1: That's how unfocused the Treasury Secretary is right now, she said,
• 6:05
  Speaker 1: And again there was time to retire the transitory label
• 6:08
  Speaker 1: and began talking more impactfully about the measures that they
• 6:12
  Speaker 1: needed to take to limit the rise. It wasn't until
• 6:15
  Speaker 1: December of last year they even noticed it or admitted it. Now,
• 6:18
  Speaker 1: one other part about this that again I go back to,
• 6:21
  Speaker 1: this is what happens when you get a bunch of
• 6:23
  Speaker 1: activists and jobs where you shouldn't be an activist. Burnanki
• 6:26
  Speaker 1: was not an activist. The fact that you have the
• 6:29
  Speaker 1: Treasury Secretary testifying and talking about how important abortion is
• 6:34
  Speaker 1: in a time when we're dealing with out of control
• 6:36
  Speaker 1: inflation should really tell you a lot about the problems
• 6:40
  Speaker 1: we're having in this country. Which brings me to Secretary
• 6:44
  Speaker 1: of Transportation, the same guy that took that two months
• 6:48
  Speaker 1: maternity leave while we were having a crisis with transportation
• 6:51
  Speaker 1: in this country and a crisis at our ports. Well,
• 6:54
  Speaker 1: they've had enough of him at CNBC. CNBC, which is
• 6:58
  Speaker 1: pretty liberal day in and day out, finally had enough
• 7:01
  Speaker 1: of the propaganda coming for the Transportation Secretary, and CNBC
• 7:06
  Speaker 1: actually called out Secretary but a judge for talking about
• 7:09
  Speaker 1: the GOP saying, quote, that's not how we're going to
• 7:12
  Speaker 1: solve inflation, blaming somebody else who's not in charge. Take
• 7:17
  Speaker 1: a listen and look, I've talked about how you could
• 7:20
  Speaker 1: raise corporate taxes from where they are today, so we're
• 7:22
  Speaker 1: not so far off here. But do you not agree
• 7:27
  Speaker 1: that these are two different issues, Meaning if you change
• 7:29
  Speaker 1: corporate taxes, yes, in the immediate term, maybe we'll have
• 7:32
  Speaker 1: some impact on inflation, but it's a corporate tax is
• 7:36
  Speaker 1: a long term issue. You either deal with it because
• 7:37
  Speaker 1: you think it's the right thing to do, or it's
• 7:39
  Speaker 1: the wrong thing to do, not because you're trying to
• 7:41
  Speaker 1: deal with inflation. Right this second week, a lot of
• 7:44
  Speaker 1: is what you're going to do with the revenue. And
• 7:47
  Speaker 1: again we have an agenda to use tax revenue on
• 7:50
  Speaker 1: things that are going to ease inflationary pressures. But also
• 7:54
  Speaker 1: we have a very clear contrast right now, right you
• 7:56
  Speaker 1: have Senate Republican proposals that are about raising taxes on
• 7:59
  Speaker 1: the poor in the middle class, And you have the
• 8:01
  Speaker 1: president's worldview, which is shared by the majority of Americans,
• 8:04
  Speaker 1: that if anybody needs to be caring more the load
• 8:07
  Speaker 1: right now, it is the wealthiest and corporations that have
• 8:10
  Speaker 1: become extremely profitable, by the way often you well hold
• 8:15
  Speaker 1: on this is really important that have invoked inflation as
• 8:18
  Speaker 1: an excuse to keep prices high in ways that are
• 8:21
  Speaker 1: not just I love this. That's not how you're going
• 8:25
  Speaker 1: to solve inflation. Trying to talk about the other guys.
• 8:28
  Speaker 1: He's sitting there saying, well, you know, let's look at
• 8:30
  Speaker 1: the Republicans and then saying cent republicans proposals are about
• 8:35
  Speaker 1: raising taxes on the poor in the middle class, which
• 8:37
  Speaker 1: by the way, is not their proposal, And you have
• 8:41
  Speaker 1: the president's worldview. So now we're talking about world views
• 8:43
  Speaker 1: which is shared by the majority of Americans that if
• 8:47
  Speaker 1: anybody needs to be carrying more of the load right now,
• 8:49
  Speaker 1: it's so wealthy, it's incorporations that have become extremely profitable.
• 8:53
  Speaker 1: By the way, you hear CNBC say, but that's not
• 8:57
  Speaker 1: how you're going to solve inflation. This is how out
• 9:02
  Speaker 1: of touch with reality they are at this White House
• 9:05
  Speaker 1: when it comes to the economy. Right now, this is
• 9:08
  Speaker 1: how bad it is. I go back to the Treasury Secretary.
• 9:11
  Speaker 1: Treasury Secretary Janet Yellen. This is a woman that's been
• 9:15
  Speaker 1: around for a long time doing this. She is now
• 9:19
  Speaker 1: more focused on abortion than anything else. In fact, Jennet
• 9:24
  Speaker 1: Yellen also said we need to be careful about complete
• 9:27
  Speaker 1: euban on Russian oil, saying we got to be careful
• 9:31
  Speaker 1: because she knows that in America we're not producing enough
• 9:33
  Speaker 1: oil to protect ourselves. Europe clearly needs to reduce its
• 9:39
  Speaker 1: dependence on Russia with respect to energy, but we need
• 9:44
  Speaker 1: to be careful when we think about a complete European
• 9:49
  Speaker 1: ban on sea oil imports. That would clearly raise global
• 9:55
  Speaker 1: oil prices. It would have a damaging impact on Europe
• 10:00
  Speaker 1: and on other parts of the world, and counterintuitively, it
• 10:05
  Speaker 1: could actually have very little negative impact on Russia's little
• 10:11
  Speaker 1: impact on Russian Now, why she's saying that because she
• 10:13
  Speaker 1: understands that America is not energy independent. We're not doing
• 10:16
  Speaker 1: anything to make us more energy independent, even though we
• 10:20
  Speaker 1: know exactly what's going on right now. You know, Janet
• 10:24
  Speaker 1: Yellen comes out and she's sitting there, She's talking about, Hey,
• 10:27
  Speaker 1: I know we're likely to see another year in which
• 10:29
  Speaker 1: twelve month inflation numbers remain high. She also dropped that
• 10:33
  Speaker 1: bomb this week about this from the White House. I
• 10:35
  Speaker 1: don't want to make a prediction exactly as to what's
• 10:40
  Speaker 1: going to happen in the second half of the year.
• 10:43
  Speaker 1: You know, we're likely to see another year in which
• 10:46
  Speaker 1: twelve month inflation numbers remain very, uncomfortably high. So, in
• 10:52
  Speaker 1: other words, Janet Yellen's telling you we got a disaster
• 10:54
  Speaker 1: on our hands. We weren't paying attention. Right, there's the
• 10:59
  Speaker 1: and yet when she says we have all these problems,
• 11:02
  Speaker 1: she also says that there is no change in Biden's
• 11:06
  Speaker 1: anti energy policies. So we're gonna stick with us indoctrination
• 11:10
  Speaker 1: that if you do not stand with us, we will
• 11:14
  Speaker 1: punish you. You better get on a bus, you better
• 11:17
  Speaker 1: get a bike, you better get a hybrid, You better
• 11:20
  Speaker 1: become energy independent or from oil and gas. Right, you
• 11:24
  Speaker 1: gotta have solar, you gotta have all these other things.
• 11:27
  Speaker 1: And we are not changing our stance on our anti
• 11:30
  Speaker 1: energy policies, is what the Treasury Secretary said. Oh, by
• 11:33
  Speaker 1: the way, she's had enough time. While all this is happening,
• 11:37
  Speaker 1: and they were asleep at the wheel literally on inflation,
• 11:40
  Speaker 1: as Bernanke put it, to advocate for abortion on demand,
• 11:44
  Speaker 1: because that's what the Treasury Secretary should be talking about
• 11:47
  Speaker 1: while we are in the midst of a major crisis
• 11:51
  Speaker 1: of inflation, Biden inflation in the United States of America.
• 11:55
  Speaker 1: Secretary Janet Yellen also had to take commands from the
• 11:59
  Speaker 1: propagandist at the White House. This is who she works for,
• 12:03
  Speaker 1: and the Treasury Secretary understands those commands to the point
• 12:06
  Speaker 1: where she actually after warning not to shut off buying
• 12:10
  Speaker 1: oil would have catastrophic consequences of countries like Hungry and
• 12:13
  Speaker 1: others if you just shut down all the oil coming
• 12:16
  Speaker 1: out of Russia, because they haven't prepared for energy independence either.
• 12:21
  Speaker 1: She also says, in this country, knowing how big of
• 12:24
  Speaker 1: a problem of energy independence is, that the Biden administration
• 12:28
  Speaker 1: has no change in their anti energy policies, and I
• 12:32
  Speaker 1: guess she's proud of it. Energy is the big topic,
• 12:35
  Speaker 1: and I want to understand from you how you reconcile
• 12:39
  Speaker 1: with what clearly is a shift in posture around energy
• 12:44
  Speaker 1: and fossil fuels. By the way, I want to say this,
• 12:47
  Speaker 1: I understand I'm okay with protecting our environment, I really am.
• 12:52
  Speaker 1: I'm okay with people with new innovations. I got a
• 12:56
  Speaker 1: neighbor that just got a new electric truck. The thing
• 12:58
  Speaker 1: is awesome. Now we have no idea how it's going
• 13:00
  Speaker 1: to work down the road, but at least right now,
• 13:03
  Speaker 1: it is genuinely pretty cool, all right, And I really
• 13:06
  Speaker 1: do I believe that it is cool. I like it.
• 13:09
  Speaker 1: But the odd that we should be sacrificing our energy
• 13:13
  Speaker 1: independence and putting money in the hands of those in Russia,
• 13:17
  Speaker 1: and putting money in the hands of those in the
• 13:19
  Speaker 1: Middle East, and putting the world at risk and the
• 13:21
  Speaker 1: EU at risk and other smaller countries at risk from
• 13:24
  Speaker 1: being attacked over by Russia right now for the sake
• 13:29
  Speaker 1: of green and alternative agenda is insanity. And the majority
• 13:33
  Speaker 1: of Americans, by the way, agree with me. This doesn't
• 13:36
  Speaker 1: make good sense. And that's what CNBC has asked you,
• 13:39
  Speaker 1: Like Cook, we understand it in general and principle, clearly
• 13:42
  Speaker 1: moving in a direction of being energy and responsible. Right
• 13:47
  Speaker 1: I'm I don't want to trash the world or the environment,
• 13:50
  Speaker 1: But at the same time, I'm not going to shoot
• 13:52
  Speaker 1: myself in the foot to accomplish something that is in
• 13:55
  Speaker 1: fact destroying the world and destroying vibes with what we're
• 13:59
  Speaker 1: witness thing and U craate in other parts around the world,
• 14:02
  Speaker 1: and also making our enemies richer like China. Well, the
• 14:06
  Speaker 1: climate goals are very important and there's no change in
• 14:10
  Speaker 1: that if anything. Okay, So you have inflation, you have
• 14:15
  Speaker 1: the highest price of gas we've ever seen the history
• 14:17
  Speaker 1: of anyone's lifetime in the United States of America. You
• 14:21
  Speaker 1: have world superpowers that are gaining on America. You have
• 14:24
  Speaker 1: US in trillions and trillions of dollars. You have Americans
• 14:29
  Speaker 1: that are suffering that need relief. You have a financial
• 14:33
  Speaker 1: crisis that is clearly growing with inflation that you just
• 14:37
  Speaker 1: told us is going to be around for well over
• 14:39
  Speaker 1: the next twelve months. And when you're asked about the
• 14:42
  Speaker 1: US announcing sanctions, and you're asked about what's happening in Europe,
• 14:47
  Speaker 1: and when you're asked about what Americans relief is coming,
• 14:51
  Speaker 1: you say that your top priority now is steel, your
• 14:54
  Speaker 1: green alternative energy, and that that has not changed. So
• 14:58
  Speaker 1: in the face of all I just mentioned, you guys
• 15:02
  Speaker 1: are refusing to change because you're a bunch of psychopaths.
• 15:05
  Speaker 1: That are obsessed with I would argue destroying the United
• 15:07
  Speaker 1: it's of American turning us into a communist country. And
• 15:10
  Speaker 1: the only way to accomplish that is that the majority
• 15:12
  Speaker 1: of the American population is in fact suffering and weak,
• 15:15
  Speaker 1: and you say, we are the government, we are here
• 15:18
  Speaker 1: to save you. You got to understand there was no
• 15:21
  Speaker 1: chance that communism was looked at or this type of
• 15:25
  Speaker 1: government action was looked at, when Donald Trump was present.
• 15:28
  Speaker 1: Why because when Americans, when families black, white, liberal, conservative, rich,
• 15:37
  Speaker 1: middle class and even poor, are actually able to pay
• 15:40
  Speaker 1: their bills and they are making a decent living and
• 15:44
  Speaker 1: the costs of goods and services are low and the
• 15:47
  Speaker 1: interest rates are low, people can actually experience independence from
• 15:53
  Speaker 1: the government. They can experience success of being able to
• 15:57
  Speaker 1: stand on their own two feet. And that was the
• 15:59
  Speaker 1: biggest threat to the Democratic Party. The Democratic Party has
• 16:04
  Speaker 1: to have people that they look like, look at as
• 16:06
  Speaker 1: modern day slaves where they cannot survive without them. They
• 16:14
  Speaker 1: desperately need tens of millions of American families to be
• 16:18
  Speaker 1: reliant on them for food and water and shelter and
• 16:21
  Speaker 1: gas and the internet and cell phones, right basic necessities.
• 16:26
  Speaker 1: They desperately need Americans to be dependent on them. That's
• 16:32
  Speaker 1: one of the reasons why they were so afraid of
• 16:34
  Speaker 1: Donald Trump. Donald Trump had the lowest unemployment rate ever
• 16:38
  Speaker 1: in history for African Americans, for Asian Americans, for Hispanic Americans.
• 16:43
  Speaker 1: That meant that the Democratic Party lost power because they
• 16:47
  Speaker 1: couldn't hold people, They couldn't hold them hostage in living
• 16:53
  Speaker 1: in poverty. You know, I'll give you another example of
• 16:57
  Speaker 1: just the disaster that is this administration. The GOP representative
• 17:02
  Speaker 1: who showed the baby formula stocked at the border for
• 17:07
  Speaker 1: illegal immigrants has now been attacked by all of those
• 17:12
  Speaker 1: on the left, and now they've said she is a liar.
• 17:15
  Speaker 1: Guess what. She's now been backed up by the facts.
• 17:21
  Speaker 1: In fact, Representative camac a Republican who called the Transportation
• 17:26
  Speaker 1: Transportation Secretary Mayor Pete a liar for claiming the Biden
• 17:30
  Speaker 1: administration had acted from day one after the recall a
• 17:33
  Speaker 1: baby formula. On Sunday, Mayor Pete lyed on Face the Nation, saying, quote,
• 17:39
  Speaker 1: the administration acted from day one after the recall, taking
• 17:42
  Speaker 1: steps like creating more flexibility for the WIG program to
• 17:45
  Speaker 1: help rebalance the availability of formula in the States. Now,
• 17:49
  Speaker 1: if you go to Mexico right now, and you can
• 17:52
  Speaker 1: if you're down there. The pictures have been going viral.
• 17:54
  Speaker 1: They have the shelf stocked with baby formula. As I
• 18:00
  Speaker 1: was talking about him, you know, going to speak at
• 18:02
  Speaker 1: this conference. It's so important in Budapest and hungry on freedom.
• 18:08
  Speaker 1: Their grocery shelves. One of my friends that just got
• 18:10
  Speaker 1: there sent me a picture stacked, not a single thing
• 18:14
  Speaker 1: missing from their shelves. They're next to Ukraine with all
• 18:17
  Speaker 1: this going on, They've got baby formula. How is it
• 18:21
  Speaker 1: that we only have a problem in the US, because again,
• 18:26
  Speaker 1: you guys are sleep at the wheel. You're the same
• 18:27
  Speaker 1: people that were sleeping the wheel when we had the
• 18:29
  Speaker 1: problems in reports before Christmas because you were on maternity
• 18:32
  Speaker 1: leave for two months as a dude, because of our
• 18:38
  Speaker 1: woke kigenia in this country. You're the same guy that's
• 18:42
  Speaker 1: asleep with the wheel on baby formula, the same guy
• 18:44
  Speaker 1: that's asleep at the wheel on oil and gas. And
• 18:49
  Speaker 1: as this congresswoman said, she said, quote to the Secretary
• 18:52
  Speaker 1: of Transportation, remarks that they have been on top of
• 18:54
  Speaker 1: this from day one. That is a lie. She pointed
• 18:57
  Speaker 1: out that she'd been criticized after She posted text messages
• 19:00
  Speaker 1: photos she said, we're sent from the border patrol agents
• 19:03
  Speaker 1: showing a stockpile of baby formula intended for illegal immigrants.
• 19:07
  Speaker 1: She said, yesterday I was on the border myself, and
• 19:09
  Speaker 1: the facts on the border exactly how you that you've
• 19:12
  Speaker 1: been stating them. I decided to go down myself to
• 19:15
  Speaker 1: film it in low Behold. Not only were there stocked warehouses,
• 19:18
  Speaker 1: but there were multiple stocked warehouses that have not only
• 19:22
  Speaker 1: been filled with baby formula as well as diapers and
• 19:26
  Speaker 1: wipes and clothing, but they have been doing this for months,
• 19:30
  Speaker 1: and there's more baby formula en route to the border
• 19:33
  Speaker 1: to illegal immigrants that are crossing. Now. Remember the Biden
• 19:38
  Speaker 1: administration says you should be proud of them because they've
• 19:41
  Speaker 1: taken your tax dollars and they are providing food, they're
• 19:46
  Speaker 1: providing self providing airline tickets, they're providing bus transfers, they're
• 19:51
  Speaker 1: providing hotel rooms at the border, and the next day
• 19:53
  Speaker 1: they go to they're providing baby formula for illegal immigrants
• 19:57
  Speaker 1: who are coming across the border. Right Mayor pet Transportation Secretary.
• 20:03
  Speaker 1: The administration had acted from day one. She said, they
• 20:06
  Speaker 1: canceled forty per three percent of this manufacturer's production with
• 20:12
  Speaker 1: no plan to backfill the market share that they to
• 20:15
  Speaker 1: make that up. So they've not been on top of
• 20:18
  Speaker 1: this since they knew what they were canceling. When they
• 20:21
  Speaker 1: canceled forty three percent of the baby formula manufacturing in America.
• 20:27
  Speaker 1: She went on to say, this isn't a problem happened yesterday.
• 20:29
  Speaker 1: Moms for months have been saying it was getting harder
• 20:32
  Speaker 1: and harder to find formula because the stockpile was dissipating,
• 20:38
  Speaker 1: right it was, it was disappearing. She said, this is
• 20:42
  Speaker 1: just another example of the broken administration that doesn't know
• 20:45
  Speaker 1: how to govern and certainly doesn't know how to take
• 20:47
  Speaker 1: care of the American people. She went on to show
• 20:51
  Speaker 1: videos from her trip to the facility at the border.
• 20:53
  Speaker 1: One image showed mounds of infant formula featuring handwritten dates
• 20:58
  Speaker 1: likely to denote expert ration. Of June twenty twenty three,
• 21:03
  Speaker 1: Mayor Pete had blamed Abbot Nutrition for the formulas, complaining, fundamentally,
• 21:09
  Speaker 1: we are here because a company was not able to
• 21:11
  Speaker 1: guarantee that its plant was safe, and that plant has
• 21:15
  Speaker 1: been shut down. So like you're supposed to praise him
• 21:17
  Speaker 1: for this, he said, let's be very clear. This is
• 21:20
  Speaker 1: a capitalistic country. The government does not baby formula, nor
• 21:24
  Speaker 1: should it. Companies make baby formula. And one of those companies,
• 21:28
  Speaker 1: a company which, by the way, it seemed to have
• 21:29
  Speaker 1: forty percent market share, messed up and is unable to
• 21:33
  Speaker 1: confirm that a plant, a major plant, is safe and
• 21:36
  Speaker 1: free of contamination. But if you're gonna shut down forty
• 21:39
  Speaker 1: three percent of the market share of something, that it's
• 21:42
  Speaker 1: probably time for you to have a plan on how
• 21:45
  Speaker 1: you're going to backfill it. And they didn't. Can you
• 21:48
  Speaker 1: imagine if this happened under Donald Trump's leadership? Holy cow,
• 21:51
  Speaker 1: that freaking out twenty four to seven, putting crying mothers
• 21:56
  Speaker 1: saying that babies are dying all over the place on
• 21:59
  Speaker 1: this story. Worry, what's the media doing? Not a damn thing.
• 22:05
  Speaker 1: So let me go back to Secretary of Treasury Janet Yellen,
• 22:11
  Speaker 1: who is very proud to say, while you are suffering,
• 22:16
  Speaker 1: that there is no change in Biden's anti energy policies
• 22:20
  Speaker 1: and that the green climate change agenda is alive and well,
• 22:24
  Speaker 1: regardless of what you end up paying at the pump,
• 22:27
  Speaker 1: regardless of how much you're suffering. I go back to
• 22:31
  Speaker 1: the premise of liberalism of communism, socialism. People have to
• 22:36
  Speaker 1: be weak for those things to flourish. You have to
• 22:41
  Speaker 1: be desperate for any help, which is when the government
• 22:44
  Speaker 1: steps in and gets you addicted to government aid. If
• 22:48
  Speaker 1: you are an independent and strong population, communism and socialism
• 22:57
  Speaker 1: doesn't work, because then you know you'd be going backwards.
• 23:00
  Speaker 1: Why would you do that. That's why I said earlier.
• 23:03
  Speaker 1: Donald Trump is such a threat and his economy was
• 23:05
  Speaker 1: such a threat to the Democratic Party. They need a
• 23:09
  Speaker 1: week America. Don't forget. This isn't the first time they've
• 23:13
  Speaker 1: tried this. Jimmy Carter did it, and then after that
• 23:17
  Speaker 1: Barack Obama really did it. Remember when they said it
• 23:20
  Speaker 1: was an honor to be a food stamp president. It's
• 23:23
  Speaker 1: a privilege to be a food stamp president. Remember when
• 23:26
  Speaker 1: Jesse Jackson said that an African American church and people
• 23:29
  Speaker 1: cheered on. They said, let's show some love and admiration
• 23:32
  Speaker 1: for Barack Obama at the time when more Americans won
• 23:35
  Speaker 1: food stamps and any other time in American history modern history.
• 23:38
  Speaker 1: I should say, since we've been keeping track of it
• 23:41
  Speaker 1: since the Great Depression, they understood that if you could
• 23:46
  Speaker 1: get people in poverty living in poverty, and then you
• 23:48
  Speaker 1: could be the sugar daddy, the sugar mama for those
• 23:51
  Speaker 1: living in poverty. The Democratic Party could keep getting reelected,
• 23:55
  Speaker 1: which is why they're doing what they're doing right now,
• 23:58
  Speaker 1: which is exactly why the Treasury said, Terry is not
• 24:01
  Speaker 1: going to say anything but about the socialists ridiculous idea
• 24:05
  Speaker 1: right now that we need to have green alternative energy
• 24:08
  Speaker 1: above all else, regardless of how much you are hurting.
• 24:11
  Speaker 1: I want to understand from you how you reconcile the
• 24:15
  Speaker 1: administration's climate goals right now with what clearly is a
• 24:19
  Speaker 1: shift in posture around energy and fossil fuels. Well, the
• 24:25
  Speaker 1: climate goals are very important and there's no change in that,
• 24:29
  Speaker 1: if anything. Seeing what's happening because of our dependence on
• 24:35
  Speaker 1: global markets for oil and to some extent, natural gas,
• 24:40
  Speaker 1: just emphasizes the importance of making the transition that will
• 24:45
  Speaker 1: shield us from events in Russia, global developments that can
• 24:51
  Speaker 1: negatively impact oil markets. You really want to move and
• 24:57
  Speaker 1: see the need all of us, the United States, it's
• 25:00
  Speaker 1: n our allies to move quickly to renewables that will
• 25:04
  Speaker 1: give us a safer and more independent energy picture. Okay,
• 25:10
  Speaker 1: so translation, we created this problem on purpose. We're smart,
• 25:16
  Speaker 1: we know what we're doing here. This is being used
• 25:19
  Speaker 1: a catalyst to force you into submission to buy that
• 25:22
  Speaker 1: green car. Right, it's going to force you into submission
• 25:26
  Speaker 1: on solar and when we're punishing you until you get
• 25:30
  Speaker 1: on board, and eventually, at some point you will get
• 25:34
  Speaker 1: on board. Senator Tim Scott delivered a scathing rebuked by
• 25:42
  Speaker 1: the way of the Treasury Secretary for number one even
• 25:45
  Speaker 1: talking about abortion as she did this last week when
• 25:48
  Speaker 1: she should have been focused on the economy and saying
• 25:52
  Speaker 1: it's important that we have abortions on demand to help
• 25:55
  Speaker 1: our economy. Her words and the app an American. Senator
• 26:02
  Speaker 1: Tim Scott delivered a stunning rebuke to Janet Yell and claiming,
• 26:06
  Speaker 1: how dare you talk about black women and women of
• 26:08
  Speaker 1: color the way that you did, implying that we need
• 26:11
  Speaker 1: abortions to be successful. To take a listen, I'm just
• 26:15
  Speaker 1: surprised that we find ways to weave into every facet
• 26:22
  Speaker 1: of our lives such such an importance and painful reality
• 26:26
  Speaker 1: for so many people, to make it sound like it's
• 26:31
  Speaker 1: just another point four percent added to our labor force
• 26:36
  Speaker 1: participation as a result of the issue of abortion. Just
• 26:40
  Speaker 1: to me seems harsh. Well, I certainly don't mean to
• 26:48
  Speaker 1: see what I think the effects are in a manner
• 26:50
  Speaker 1: that's harsh. What we're talking about is whether or not
• 26:55
  Speaker 1: women will have the ability to regulate their reproductive situation
• 27:06
  Speaker 1: in ways that will enable them to plan lives that
• 27:10
  Speaker 1: are fulfilling and satisfying for them. And one aspect of
• 27:16
  Speaker 1: a satisfying life is being able to feel that you
• 27:20
  Speaker 1: have the financial resources to raise a child, that the
• 27:25
  Speaker 1: children you bring into the world are wanted, and that
• 27:30
  Speaker 1: you have the ability to take care of them. In
• 27:33
  Speaker 1: many cases, abortions are of teenage women, particularly low income
• 27:39
  Speaker 1: and often black, who aren't in a position to be
• 27:44
  Speaker 1: able to care for children, have unexpected pregnancies, and it
• 27:51
  Speaker 1: deprives them of the ability, often to continue their education
• 27:56
  Speaker 1: to later participate in the workforce. So there there is
• 28:00
  Speaker 1: a spillover into labor force participation. But and it means
• 28:06
  Speaker 1: the children will grow up in poverty and do worse themselves.
• 28:10
  Speaker 1: Thank you let me. I'll just simply say that, as
• 28:14
  Speaker 1: a guy raised by a black woman in abject poverty,
• 28:17
  Speaker 1: I'm thankful to be here as a United States senator.
• 28:21
  Speaker 1: Amen to him, by the way, for saying that, and
• 28:23
  Speaker 1: by the way, what she just said there's incredibly racist. Well,
• 28:26
  Speaker 1: I'm just trying to make sure we get enough black
• 28:27
  Speaker 1: kids aborted so they don't grow up in poverty. That's
• 28:31
  Speaker 1: what she just said. As Treasury secretary. Just said that.
• 28:33
  Speaker 1: She also said, you should be thankful that a bunch
• 28:35
  Speaker 1: of black women are having abortions and a bunch of
• 28:38
  Speaker 1: women are having abortion because it's going to help you
• 28:40
  Speaker 1: find a job. So when you're alive, just know you're
• 28:43
  Speaker 1: not having to compete against the millions of kids that
• 28:45
  Speaker 1: we are aboarding right in the labor force. It's gonna
• 28:48
  Speaker 1: get it's gonna be a positive impact on your life.
• 28:51
  Speaker 1: If everybody around you starts aboarding people, it's gonna be
• 28:54
  Speaker 1: better for your kids that are alive if we advocate
• 28:57
  Speaker 1: for abortion. That is the argument she just made as
• 28:59
  Speaker 1: a Treasure secretary, because if they are aborted, then you
• 29:05
  Speaker 1: do the averages on this and it's gonna be an
• 29:07
  Speaker 1: easier place for you to get a job. Now, what
• 29:10
  Speaker 1: is this really that they're talking about. They're talking talking
• 29:12
  Speaker 1: about population control. You understand that, right, And it's also
• 29:17
  Speaker 1: extremely racist what Jennet Ellen just said. And we should
• 29:20
  Speaker 1: all be honest about that. When she's like, well, it's
• 29:24
  Speaker 1: you know, we're just trying to get rid of a
• 29:25
  Speaker 1: bunch of black kids, right because they're gonna grow up
• 29:28
  Speaker 1: in poverty anyway, that's straight up racism. It's a white
• 29:31
  Speaker 1: woman saying, Wow, let's be honest. All the black kids
• 29:34
  Speaker 1: are growing up in poverty, and all those black kids
• 29:37
  Speaker 1: are you know, they're they're gonna they're gonna have a
• 29:38
  Speaker 1: worse life if we don't let their parents just abort them.
• 29:42
  Speaker 1: And this idea that the majority of people having abortions
• 29:45
  Speaker 1: are like fifteen years old is absurd. It's not true.
• 29:49
  Speaker 1: These Democrats are just filled with pure sick evil. This
• 29:56
  Speaker 1: is communism and social them. They're no longer the Democratic Party.
• 30:01
  Speaker 1: You know, I could deal with a Bill Clinton. I've
• 30:03
  Speaker 1: said that before. I really could. I could deal with
• 30:05
  Speaker 1: a guy like Bill Clinton. I could deal even with
• 30:08
  Speaker 1: a guy liked Caucus or Jimmy Carter. But what you're
• 30:12
  Speaker 1: witnessing right now is what Democrats have really been wanting
• 30:15
  Speaker 1: for years. They were just too afraid to say it.
• 30:17
  Speaker 1: Now they're not right. That's what this really is. When
• 30:23
  Speaker 1: you have a Treasury secretary telling you that we need
• 30:25
  Speaker 1: abortions on demand because it's gonna help you find a job.
• 30:29
  Speaker 1: And a Treasury secretary that tells you, what's just a
• 30:31
  Speaker 1: bunch of black kids that write that are gonna have
• 30:32
  Speaker 1: a lot of these abortions, They're gonna grow up in poverty.
• 30:35
  Speaker 1: That is racism from the Democratic Party. But you notice
• 30:38
  Speaker 1: on a single article was written about that Jennis Jenny
• 30:41
  Speaker 1: Jellen goes full blown racist, older white woman goes full
• 30:44
  Speaker 1: blown racists, right, I mean, I mean, this is straight
• 30:49
  Speaker 1: up racism from the Treasury secretary. And why is she
• 30:55
  Speaker 1: even testifying a Congress on the issue of abortion and
• 30:57
  Speaker 1: how it's gonna give you a perk of finding a
• 31:00
  Speaker 1: job if we can abort a bunch of people. I mean,
• 31:02
  Speaker 1: what's next? Are going to advocate for killing off people
• 31:04
  Speaker 1: so to make the country an easier place for you
• 31:07
  Speaker 1: to be able to survive. And she says, we refuse,
• 31:12
  Speaker 1: with the highest oil and gas prices that we have
• 31:14
  Speaker 1: ever had in history, to change our policy even temporarily. Okay,
• 31:22
  Speaker 1: even temporarily. We are not going to change our policies
• 31:27
  Speaker 1: even temporarily on what we are demanding with green and
• 31:32
  Speaker 1: alternative energy. And they want me to believe that they
• 31:36
  Speaker 1: are in favor of protecting and defending us in this country,
• 31:40
  Speaker 1: that they're acting in the best interests of us in
• 31:45
  Speaker 1: this economy where we are. There's no change on our
• 31:49
  Speaker 1: Biden anti energy policy, So just know that no changes whatsoever.
• 31:56
  Speaker 1: She says. The war in Ukraine underscores a need to
• 31:59
  Speaker 1: for clean and for care energy. Wouldn't that mean that
• 32:03
  Speaker 1: in the United States of America that we would actually
• 32:06
  Speaker 1: do more to get energy independence. No, that's not what
• 32:09
  Speaker 1: she's saying. She says, your energy independence only comes from
• 32:12
  Speaker 1: things that they approve. Second, energy security. The invasion of
• 32:17
  Speaker 1: Ukraine has also underscored the need for sustainable, affordable, clean,
• 32:23
  Speaker 1: and secure energy for economic growth and security for the
• 32:27
  Speaker 1: United States, as well as for governments that partner with
• 32:31
  Speaker 1: the fees. The MDB's promotion of energy efficiency and capital
• 32:37
  Speaker 1: investment toward diverse energy sources like solar, wind and other
• 32:43
  Speaker 1: non fossil fuel based energy sources and away from suppliers
• 32:48
  Speaker 1: such as Russia that strengthens energy security and reduces short
• 32:53
  Speaker 1: term fossil fuel price risks, all while addressing the long
• 32:58
  Speaker 1: term threat of climate change. Public finance alone cannot meet
• 33:03
  Speaker 1: this challenge, so Treasury is encouraging the MDBs to undertake
• 33:08
  Speaker 1: reforms and adopt more ambitious targets for mobilizing private capital,
• 33:14
  Speaker 1: particularly through their private sector windows. Many low income countries
• 33:20
  Speaker 1: are facing growing debt burdens as the pandemic continues into
• 33:24
  Speaker 1: a third year. If there it is, there's your closing argument,
• 33:30
  Speaker 1: we will stay the course. We will destroy this country,
• 33:34
  Speaker 1: and we will do it until you submit. And if
• 33:38
  Speaker 1: we have to get rid of people through abortion to
• 33:40
  Speaker 1: make our economy work, we will do it. If it
• 33:43
  Speaker 1: takes you paying five to fifty six dollars seven dollars
• 33:47
  Speaker 1: a gallon to accomplish our agenda, even if you're against it,
• 33:51
  Speaker 1: we will do it. We will undermine every institution this country,
• 33:55
  Speaker 1: the Supreme Court, if that's what it takes for us
• 33:57
  Speaker 1: to implement what we want to do. We will come
• 33:59
  Speaker 1: after your kids, by the way, and mask mandates and
• 34:02
  Speaker 1: vaccine mandates, which I want to remind you right now,
• 34:05
  Speaker 1: they're trying to make it where you have to wear
• 34:06
  Speaker 1: a mask again when you get on an airplane, even
• 34:08
  Speaker 1: though there was no spike in COVID after the mask
• 34:11
  Speaker 1: mandate expirer after I should say that Judge struck it down.
• 34:16
  Speaker 1: These people are not listening to you. They're not working
• 34:18
  Speaker 1: for you. If there's any one thing that they're trying
• 34:22
  Speaker 1: to do right now, it's trying to make you weak,
• 34:25
  Speaker 1: trying to make you poor, because the weaker you are
• 34:29
  Speaker 1: and the poorer you are, the better off they are
• 34:32
  Speaker 1: as a party. They are then more independent and more
• 34:37
  Speaker 1: powerful because then you will need them because you can't
• 34:40
  Speaker 1: pay your bills. Never forget what communism is, because that
• 34:45
  Speaker 1: is what they're trying to do right now, and they
• 34:47
  Speaker 1: keep saying it without using the word, and we need
• 34:50
  Speaker 1: to be using the word. Don't forget. Subscribe to our
• 34:54
  Speaker 1: podcast so you get the show every day. Please share
• 34:57
  Speaker 1: a podcast with your family and friends or hit that
• 35:00
  Speaker 1: share button on social media. And if you would take
• 35:03
  Speaker 1: twenty seconds to write us a five star review, it
• 35:05
  Speaker 1: helps us tremendously reach new listeners. And I'll see you
• 35:09
  Speaker 1: guys back here tomorrow.