Latest / The Ben Ferguson Podcast / CONGRESS & BIDEN score a massive victory to BANKRUPT AMERICA on purpose! With Congress Giving Final Approval To $2.5 Trillion Debt Ceiling Increase!

Transcript

CONGRESS & BIDEN score a massive victory to BANKRUPT AMERICA on purpose! With Congress Giving Final Approval To $2.5 Trillion Debt Ceiling Increase! · The Ben Ferguson Podcast

• 0:00
  Speaker 1: America is going bankrupt. America is in a financial crisis.
• 0:04
  Speaker 1: And this is me sounding the alarm. It is happening,
• 0:08
  Speaker 1: and it's real, and you need to understand what's happening
• 0:11
  Speaker 1: in this country and what you're going to be left with,
• 0:13
  Speaker 1: what your kids are going to be left with. This
• 0:16
  Speaker 1: is all because of the insane, out of control spending
• 0:19
  Speaker 1: by the Biden administration. The Biden administration is celebrating right
• 0:24
  Speaker 1: now as Congress has given the final approval to the
• 0:27
  Speaker 1: two point five trillion dollar debt sealing increase. This as
• 0:32
  Speaker 1: inflation is eating away at the value of the US dollar.
• 0:37
  Speaker 1: Did you know that you're making about seven percent less
• 0:40
  Speaker 1: right now than you did last year, even if you
• 0:42
  Speaker 1: have the same amount of money going into your bank account,
• 0:44
  Speaker 1: because your buying power has disappeared by six point eight percent.
• 0:48
  Speaker 1: You've taken a six point eight percent pay cut year
• 0:50
  Speaker 1: over a year. If you were making fifty grand last year,
• 0:53
  Speaker 1: you're really now making forty four grand because the buying
• 0:58
  Speaker 1: power of the dollar has disappeared year now, Congress has
• 1:03
  Speaker 1: approved this two point five trillion dollars debt ceiling increase,
• 1:05
  Speaker 1: inning months of debate between Democrats and Republicans, who claim
• 1:10
  Speaker 1: they were leading on this issue, they weren't. Their cowards.
• 1:13
  Speaker 1: In twenty nineteen, just so you know, Congress suspended the
• 1:16
  Speaker 1: debt ceiling, which prevents the federal government from assuming a
• 1:20
  Speaker 1: certain level of national debt. They did this until August
• 1:24
  Speaker 1: twenty twenty one, which means that everything has gone through.
• 1:26
  Speaker 1: The roof spending, that is, government spending is totally out
• 1:30
  Speaker 1: of control. We are going to go bankrupt. We are
• 1:32
  Speaker 1: going to have a massive financial crisis in this country,
• 1:35
  Speaker 1: and it's going to be a blood bath when it happens.
• 1:38
  Speaker 1: People are going to lose their homes. You think two
• 1:40
  Speaker 1: thousand and eight was bad, you've seen nothing yet. Now
• 1:43
  Speaker 1: an attempt to make Democrats enact a permanent solution on
• 1:46
  Speaker 1: their own by the end of the year, Senate Minority
• 1:49
  Speaker 1: Leader Mitch McConnell, who's a scumbag, gave Democrats a short
• 1:52
  Speaker 1: term deal in October to suspend the debt ceiling again.
• 1:56
  Speaker 1: Fast forward to now and a party line vote this morning,
• 1:59
  Speaker 1: Law may settled upon an agreement that will fund the
• 2:03
  Speaker 1: government through the twenty twenty two midterm elections, meaning no
• 2:07
  Speaker 1: one's going to be held accountable for what they have
• 2:09
  Speaker 1: just done. In the next election cycle. That's why they
• 2:12
  Speaker 1: did it this way. Democrats were united in support of
• 2:15
  Speaker 1: the measure, which passes in at fifty to forty nine
• 2:18
  Speaker 1: along party lines, and then cleared the House in a
• 2:22
  Speaker 1: two hundred and twenty one to two o nine vote
• 2:24
  Speaker 1: shortly after midnight. Republicans opposed the legislation and mass with
• 2:29
  Speaker 1: only one Republican, a scumbag Representative Adam kinzing Or, a
• 2:32
  Speaker 1: hardcore leftist liberal from Illinois that paraded himself as a
• 2:36
  Speaker 1: Republican until he realized he couldn't win reelection because he
• 2:39
  Speaker 1: was a Liz Cheney Republican. He voted with the Democrats
• 2:44
  Speaker 1: in favor of bankrupting the country. The bill now heads
• 2:47
  Speaker 1: the Biden. He'll sign it now. The swift action came
• 2:50
  Speaker 1: a week after party leaders announce a deal to establish
• 2:53
  Speaker 1: a one time fast track process to increase the debt
• 2:56
  Speaker 1: ceiling with a very simple majority vote instead of the
• 2:58
  Speaker 1: sixty votes needed to move legislation and through the Senate,
• 3:01
  Speaker 1: because otherwise we would have defaulted on our loans in
• 3:03
  Speaker 1: this country. For the past several months, the Treasury Secretary
• 3:07
  Speaker 1: Janet Yellen has repeatedly warned Congress about the danger of
• 3:10
  Speaker 1: defaulting on federal debt. Here is her warning quote. In
• 3:15
  Speaker 1: a matter of days, millions Americans could be strapped for cash.
• 3:18
  Speaker 1: Do something. We could see indefinite delays and critical payments.
• 3:25
  Speaker 1: Do something. Nearly fifty million seniors could stop receiving so
• 3:30
  Speaker 1: security checks for a time being. In other words, do
• 3:34
  Speaker 1: something now. Troops could go unpaid, meaning increase the debt
• 3:40
  Speaker 1: limit on our credit cards. Millions of families who rely
• 3:44
  Speaker 1: on monthly child tax credits could see delays. So she says,
• 3:46
  Speaker 1: vote on this now and just borrow more money. American
• 3:50
  Speaker 1: short would default on its obligations, so you must raise
• 3:53
  Speaker 1: the debt ceiling. That is what the Treasury Secretary Janet
• 3:57
  Speaker 1: Yellen wrote in September for the Wall Street Journal. She
• 4:00
  Speaker 1: also wanted to give you a history lesson the US
• 4:03
  Speaker 1: has never defaulted, she said, not once on our debts.
• 4:07
  Speaker 1: Doing so would likely precipitate a historic financial crisis that
• 4:11
  Speaker 1: would compound the damage of the continuing public health emergency
• 4:15
  Speaker 1: with COVID. So now we're connecting the national debt to COVID.
• 4:18
  Speaker 1: Default could trigger a spike in interest rates, a steep
• 4:21
  Speaker 1: drop in stock prices, and other financial turmoils. So do something. Now,
• 4:26
  Speaker 1: strife over the debt ceiling has led to renewed debate
• 4:28
  Speaker 1: over the national debt, we presently sit at over twenty
• 4:33
  Speaker 1: nine trillion dollars. Last week, President Biden signed a bill
• 4:37
  Speaker 1: that would fast track the process to raise the debt limit,
• 4:40
  Speaker 1: and he reassured all of us at the economic markets
• 4:43
  Speaker 1: at home and around the world, don't worry, because we're
• 4:46
  Speaker 1: going to pay our debts when they are due. The
• 4:48
  Speaker 1: problem is, at some point we will not have the
• 4:50
  Speaker 1: money to do this. Several commentators put it this way. Quote,
• 4:55
  Speaker 1: I remember when my parents had to use credit cards
• 4:57
  Speaker 1: to pay bills too, meaning you didn't really pay a bill.
• 4:59
  Speaker 1: You just moved money around and act like you're paying
• 5:01
  Speaker 1: a bill, and then you have all the interest rate
• 5:03
  Speaker 1: on that bill. The United States pays its debts when
• 5:06
  Speaker 1: they are due by raising the debt ceiling to take
• 5:09
  Speaker 1: on even more debt and printing more money out of
• 5:11
  Speaker 1: thin air. Is what another economists said, saying, that's why
• 5:15
  Speaker 1: you're now seeing the issues with inflation and the dollar
• 5:19
  Speaker 1: is weakening. The United States pays its debts when they
• 5:22
  Speaker 1: are due by robbing Peter to pay Paul is another
• 5:26
  Speaker 1: way of putting it. This is what the Biden administration
• 5:29
  Speaker 1: has done. Now, let's talk about how bad the debt
• 5:31
  Speaker 1: is in this country. And again I am sound the alarm. Yes,
• 5:34
  Speaker 1: I am freaking out because the US federal debt right now.
• 5:38
  Speaker 1: And if you get to hear this information, get our podcasts,
• 5:42
  Speaker 1: all of it's there, share it. Please share this information
• 5:47
  Speaker 1: with your family and friends, because these are the facts.
• 5:49
  Speaker 1: These are the undisputed facts that you need to know
• 5:52
  Speaker 1: about and what's happening in this country because one day
• 5:54
  Speaker 1: you're gonna wake up and we're going to be in
• 5:56
  Speaker 1: a financial crisis. And when it happens, it's going to
• 6:00
  Speaker 1: be way worse than what we saw in Oa with
• 6:02
  Speaker 1: Lehman Brothers and the bank bailouts and all that crap
• 6:04
  Speaker 1: that happened. We won't have the money to bail anyone out.
• 6:08
  Speaker 1: People's lives will be ruined, Companies will be destroyed, people
• 6:12
  Speaker 1: will commit suicide. That's what happens when you see a
• 6:15
  Speaker 1: financial crisis that we are building right now. And don't
• 6:18
  Speaker 1: tell me I'm overreacting, because the facts back me up.
• 6:21
  Speaker 1: How bad is it US federal debt to GDP ratio
• 6:24
  Speaker 1: right now? Let me give you a comparison number. First,
• 6:29
  Speaker 1: the US federal debt to GDP ratio in nineteen eighty, okay,
• 6:33
  Speaker 1: when actually things are pretty bad, Member nineteen seventy nine,
• 6:36
  Speaker 1: Member gas Prices, Member Shortages, Member Jimmy Carter. The US
• 6:41
  Speaker 1: federal debt to GDP ratio in nineteen eighty was thirty
• 6:46
  Speaker 1: four point seven one percent. So thirty four point seven
• 6:50
  Speaker 1: one percent was a federal debt to gross domestic product
• 6:53
  Speaker 1: ratio in two thousand, after we had a lot of
• 6:58
  Speaker 1: problems with nine to eleven, that started to tinker, right.
• 7:01
  Speaker 1: That started in the two thousands. Early two thousands, we
• 7:05
  Speaker 1: had our GDP skyrocket. US federal debt to GDP ratio
• 7:10
  Speaker 1: skyrocket a fifty five point two three percent, And there
• 7:13
  Speaker 1: we're account of a sin warning. If we don't get
• 7:15
  Speaker 1: this under control, we will get to point where we
• 7:16
  Speaker 1: will default on our debts. So we went from thirty
• 7:20
  Speaker 1: four percent to nineteen eighty to fifty five percent in
• 7:24
  Speaker 1: two thousand. Where are we now, under Biden, our US
• 7:29
  Speaker 1: federal debt to GDP ratio is at one hundred and
• 7:32
  Speaker 1: twenty five point nine two percent. This is not just unsustainable.
• 7:38
  Speaker 1: This is an atomic financial bomb that is going to explode.
• 7:42
  Speaker 1: There is no way to undo what we just did
• 7:45
  Speaker 1: without massive government spending cuts, and no one has an
• 7:50
  Speaker 1: appetite for doing that because these leaders are whoring out
• 7:53
  Speaker 1: our country. They're bankrupting our country, and I actually think
• 7:56
  Speaker 1: they're doing it on purpose now, because this is how
• 7:58
  Speaker 1: you actually get socialism. When the American people can't pay
• 8:01
  Speaker 1: their bills because the US government can't pay their bills,
• 8:04
  Speaker 1: and you see interest rates go through the roof, so
• 8:06
  Speaker 1: people can't own homes anymore, and they can't buy cars anymore,
• 8:09
  Speaker 1: and their dollar bills that they've saved are worth nothing. Again,
• 8:12
  Speaker 1: I go back to what I just said. You have
• 8:14
  Speaker 1: fifty thousand dollars salary last year, this year the same
• 8:17
  Speaker 1: fifty thousand, and buying powers really at forty four thousand dollars.
• 8:23
  Speaker 1: You took a pay cut and didn't even know it
• 8:26
  Speaker 1: a significant one because of inflation. You're fifty thousand dollars
• 8:31
  Speaker 1: last year bought you way more than fifty thousand dollars
• 8:34
  Speaker 1: can buy you this year. So let's talk about each
• 8:38
  Speaker 1: of our obligations right now. When you have a US
• 8:41
  Speaker 1: national debt at twenty nine trillion billion, twenty nine trillion dollars,
• 8:46
  Speaker 1: you know the majority of Americans don't pay taxes. A
• 8:48
  Speaker 1: lot of people don't realize that. So if you do
• 8:51
  Speaker 1: debt per tax payer, because there's about forty percent of
• 8:53
  Speaker 1: Americans that pay zero tax there's some that do pay taxes,
• 8:56
  Speaker 1: they get almost all back, which is about fifty percent
• 8:58
  Speaker 1: of Americans. You have a divided country right now, which
• 9:00
  Speaker 1: is headed towards socialism because half the Americans don't have
• 9:03
  Speaker 1: skin in the game within it comes to taxes. So
• 9:07
  Speaker 1: if you right now had a call, a financial call
• 9:10
  Speaker 1: on the debt, if the bank's called those that owe
• 9:14
  Speaker 1: that we owe money too, called America and said, mister president,
• 9:17
  Speaker 1: we need you to clear up your debt today, every
• 9:21
  Speaker 1: taxpayer in America would be forced to write a check
• 9:23
  Speaker 1: for two hundred and twenty nine thousand, seven hundred and
• 9:26
  Speaker 1: six dollars and then we would would we would immediately
• 9:30
  Speaker 1: zero out our debt, and within one one hundred of
• 9:32
  Speaker 1: a second we would be back in debt again. That
• 9:36
  Speaker 1: is hard to get your mind around. Think about right now,
• 9:39
  Speaker 1: the federal government calls you or the irs sent you
• 9:41
  Speaker 1: a bill for two hundred twenty nine thousand dollars and
• 9:43
  Speaker 1: said this is what you got to pay because we
• 9:44
  Speaker 1: have a debt problem. And that's what the amount of
• 9:47
  Speaker 1: money that each taxpayers on the hook for right now,
• 9:49
  Speaker 1: if you divide it evenly among all US taxpayers. Let's
• 9:53
  Speaker 1: look at a different way now. Remember almost Americans don't
• 9:55
  Speaker 1: pay any tax at all. So let's say we just
• 9:57
  Speaker 1: did it per American citizen. If we divided it per
• 10:01
  Speaker 1: American citizen, everybody walking in America, that's an American citizen
• 10:05
  Speaker 1: right now, and everybody had to pay their quote fair share,
• 10:08
  Speaker 1: which is some Democrats talking about all the time. Every
• 10:11
  Speaker 1: single person. This includes those that are handicapped, those that
• 10:13
  Speaker 1: are elderly, those that are young, those that are old,
• 10:16
  Speaker 1: though everybody in between. What you would have to do
• 10:19
  Speaker 1: is you would actually have to have everybody write a
• 10:22
  Speaker 1: check for eighty seven thousand dollars. Let that sink in.
• 10:28
  Speaker 1: Let me give you another perspective on just how bad
• 10:31
  Speaker 1: things are right now. And I'm going to explain something
• 10:33
  Speaker 1: to you which is important, and I'll say it again.
• 10:36
  Speaker 1: All of this is in our podcast, So please share
• 10:41
  Speaker 1: this podcast with your family and friends because you need
• 10:45
  Speaker 1: to understand what they're doing to our country right now.
• 10:48
  Speaker 1: There is a way to measure how good or how
• 10:52
  Speaker 1: bad things are when it comes to the economy, and
• 10:54
  Speaker 1: there's different categories. One of them that's extremely important is
• 10:58
  Speaker 1: one that is called the hot Sell Price Index. It's
• 11:02
  Speaker 1: also referred to if you take classes in colleges WPI.
• 11:07
  Speaker 1: Now Hostell Price Index, and I'm going to try to
• 11:10
  Speaker 1: give this to you as easily as I can in
• 11:12
  Speaker 1: the layman's terms, but you need to not tune this out.
• 11:14
  Speaker 1: You need to learn this. It is an index that
• 11:18
  Speaker 1: measures and tracks the changes in the prices of the
• 11:22
  Speaker 1: goods that you're gonna buy in the stages that they're
• 11:27
  Speaker 1: being bought and sold before they get to you at
• 11:30
  Speaker 1: the retail levels. So in other words, you go to Target,
• 11:35
  Speaker 1: you go to Walmart, and you buy toilet paper. The
• 11:40
  Speaker 1: Hostell Price Index measures and tracks that changes in the
• 11:43
  Speaker 1: prices of that toilet paper to make it, the raw material,
• 11:47
  Speaker 1: the manufacturing, the shipping, every stage of that toilet paper
• 11:51
  Speaker 1: before it gets to you on the shelf, and then
• 11:52
  Speaker 1: what you buy it out. What you don't want to
• 11:55
  Speaker 1: see is Hostell Price Index skyrocket because that means that
• 11:59
  Speaker 1: the price to you is skyrocketing. WPI shows the included
• 12:06
  Speaker 1: goods average price change. Okay, it's it's a core indicator
• 12:13
  Speaker 1: of the country's level of inflation. Let me give you
• 12:17
  Speaker 1: the headlines today and again the mainstream media is not
• 12:21
  Speaker 1: wanting you to understand this or cover it. Okay, but
• 12:24
  Speaker 1: this is what investors are looking at this while you're
• 12:26
  Speaker 1: seeing the volatility in the markets right now. CNBC headline
• 12:30
  Speaker 1: hosteale prices measures rows nine point six percent in November
• 12:35
  Speaker 1: from a year ago. That what that means is everything
• 12:38
  Speaker 1: you're saying, the average Hostelle price to get the product
• 12:43
  Speaker 1: to you. Those that are creating these products are paying
• 12:46
  Speaker 1: nine point six percent more on average over the entire
• 12:51
  Speaker 1: sector of hostelle pricing. Okay, let me explain to you
• 12:55
  Speaker 1: a different way. If you had one hundred thousand dollars
• 12:57
  Speaker 1: and you were buying goods last year, you're buying power
• 13:00
  Speaker 1: now is ninety thousand. You lost ten percent of your
• 13:04
  Speaker 1: buying power. Okay. If you had fifty thousand dollars last
• 13:07
  Speaker 1: year to go out and buy goods to sell, you
• 13:11
  Speaker 1: basically now have forty five thousand to go buy those goods.
• 13:17
  Speaker 1: The value of your dollar has just disappeared. Market Watch
• 13:21
  Speaker 1: put it this way with their headline, hostel prices shoot
• 13:23
  Speaker 1: up again again and show us inflation is still getting worse,
• 13:28
  Speaker 1: even though the White House says it's not UPI says
• 13:31
  Speaker 1: US hotel price up nine point six percent year over year,
• 13:34
  Speaker 1: and they're setting new inflation records. US News had their
• 13:39
  Speaker 1: headline read this way. Hostel inflation inflation rose at a
• 13:42
  Speaker 1: record annual rate of nine point six percent in November.
• 13:46
  Speaker 1: Fox Business Channel put it this way, and now that
• 13:48
  Speaker 1: you understand the hotel inflation index, this will make more
• 13:54
  Speaker 1: sense to you in the context that you're about to
• 13:56
  Speaker 1: hear it. Listen very carefully. We are very close to
• 14:00
  Speaker 1: double digit wholesale inflation. Let that sink in and let
• 14:04
  Speaker 1: that scare you, because it will be feeding into consumer
• 14:07
  Speaker 1: prices for months to come. The Federal Reserve since March
• 14:11
  Speaker 1: to twenty twenty is kept rates at basically zero, and
• 14:16
  Speaker 1: you cannot have a functioning economy where real interest rates
• 14:20
  Speaker 1: are negative. Expect them to move, and maybe move more
• 14:24
  Speaker 1: quickly in terms of raw stopping the bond buying and
• 14:28
  Speaker 1: raising rates than some people are expecting. One very disturbing thing,
• 14:33
  Speaker 1: and then I will wrap up, is that yesterday the
• 14:36
  Speaker 1: New York Federal Reserve released a survey of consumers expectations
• 14:40
  Speaker 1: or public expectations for inflation short term expectations, say in
• 14:45
  Speaker 1: the next year rose to six percent for consumer inflation.
• 14:50
  Speaker 1: That is a record high, and it also is twice
• 14:54
  Speaker 1: the pace of wage gains. So once expectations set in
• 14:58
  Speaker 1: for higher prices, those higher prices beget higher prices. That
• 15:03
  Speaker 1: it's a confidence game among consumers and this could semit
• 15:07
  Speaker 1: inflation for not just months, but years to come, certainly
• 15:11
  Speaker 1: a concern for the central bag. All right, let's break
• 15:15
  Speaker 1: down this. What she's saying is that if you think
• 15:20
  Speaker 1: that this isn't going to affect your life, you're wrong.
• 15:23
  Speaker 1: Go out shopping and you'll see it. You've lost your
• 15:26
  Speaker 1: buying power. Your salary has basically become less valuable than
• 15:32
  Speaker 1: it was last year. Your buying power is not what
• 15:34
  Speaker 1: it was a year ago. And things are getting worse
• 15:37
  Speaker 1: and the hostale world things are getting worse as well.
• 15:40
  Speaker 1: So you need to understand this is what is happening.
• 15:44
  Speaker 1: You need to understand how important it is to get
• 15:47
  Speaker 1: your head around just how bad things are in fact
• 15:49
  Speaker 1: getting and they're getting bad. And it's not because you know,
• 15:52
  Speaker 1: we're trying to scare it's because it actually should scare you. Scare,
• 15:55
  Speaker 1: it should scare the hell out of you right now,
• 15:58
  Speaker 1: this administration is printing money, and the more money they print,
• 16:01
  Speaker 1: the less valuable the money you currently have. And what
• 16:03
  Speaker 1: you've saved is your purchasing powers disappear, and interest rates
• 16:07
  Speaker 1: is you just describe it. At some point, the feed
• 16:10
  Speaker 1: is going to have to stop this, and the only
• 16:11
  Speaker 1: way to do it is to raise interest rates because
• 16:16
  Speaker 1: they can't lower them. They can't be negative. Right. If
• 16:18
  Speaker 1: you do that, then the economy also crashes in a
• 16:21
  Speaker 1: very different way. So it's got to be done in
• 16:23
  Speaker 1: a way that is basically controlled chaos. Go back and
• 16:29
  Speaker 1: look at interest rates. Talk to if you're my age,
• 16:33
  Speaker 1: you're forty something, talk to your parents and asking what
• 16:35
  Speaker 1: their first interest rate was on their first house. Most
• 16:37
  Speaker 1: of them will tell you it was fourteen fifteen percent.
• 16:39
  Speaker 1: It was almost like credit card rates. If you go
• 16:43
  Speaker 1: back to the late seventies and early eighties and the
• 16:45
  Speaker 1: rates that people are having to pay, there were people
• 16:47
  Speaker 1: who had good jobs and save money to had to
• 16:48
  Speaker 1: get cosigners from their parents, they had to assume loans
• 16:51
  Speaker 1: or only by loans from buy houses from people where
• 16:53
  Speaker 1: they could assume a loan that was something that they
• 16:55
  Speaker 1: could assume that they could afford because new interest rates
• 16:58
  Speaker 1: they couldn't afford. The economy was in shambles, folks. And
• 17:05
  Speaker 1: not only was the economy in shambles, then what made
• 17:09
  Speaker 1: it even worse than that? Okay, what made what made
• 17:13
  Speaker 1: it even even worse than that, is that people that
• 17:16
  Speaker 1: were doing the right things and just paying their bills
• 17:18
  Speaker 1: were being punished. They couldn't afford to do basic things.
• 17:22
  Speaker 1: They couldn't afford to go on vacations. They couldn't afford
• 17:24
  Speaker 1: to travel, They couldn't afford to buy a car, new
• 17:25
  Speaker 1: or used. They couldn't afford to live in a house.
• 17:28
  Speaker 1: They were stuck at renting. We are going to be
• 17:32
  Speaker 1: going not only back there, but it's gonna be far
• 17:34
  Speaker 1: worse than that. And if you think I'm freaking out
• 17:36
  Speaker 1: right now, I'm not freaking out. I'm telling you this
• 17:39
  Speaker 1: is what's coming. So pay attention. Inflation is out of control,
• 17:45
  Speaker 1: Your dollar is not worth what it was before, and
• 17:48
  Speaker 1: they're printing more money and they think this is not
• 17:50
  Speaker 1: a big deal. Nancy Pelosi just said, if we passed
• 17:55
  Speaker 1: the Build back Better America, you won't be frightened trying
• 17:59
  Speaker 1: to go to sleep at thinking about paying your bills.
• 18:01
  Speaker 1: This is while they're trying to sell you on going
• 18:04
  Speaker 1: into more debt, build back better. I mean, I've said
• 18:07
  Speaker 1: it's transformative and all that, but the best two words
• 18:10
  Speaker 1: to use us It lowers cost by the way, that's
• 18:13
  Speaker 1: a lie. It does not lower cost, that's a lie.
• 18:16
  Speaker 1: It is transformative because it will put us into a
• 18:20
  Speaker 1: situation where they can easily turn us into a socialist
• 18:24
  Speaker 1: country because none of us will have any power to
• 18:26
  Speaker 1: stand up to them, because none of us will have
• 18:27
  Speaker 1: any money to stand up to the federal government, and
• 18:30
  Speaker 1: they will be in control. The weaker the people get,
• 18:35
  Speaker 1: the more powerful the government is. Let that sink in.
• 18:42
  Speaker 1: I would argue they're doing this very much on purpose,
• 18:46
  Speaker 1: and the reason why is extremely transparent. If you bankrupt America,
• 18:51
  Speaker 1: and you bankrupt Main Street, and you bankrupt the little people,
• 18:56
  Speaker 1: the mom and pops, and you destroy the American dream,
• 18:59
  Speaker 1: people will start giving up and they rely on the government.
• 19:01
  Speaker 1: And when you rely on the government, you can put
• 19:03
  Speaker 1: in socialism. And when you do that, then they have
• 19:06
  Speaker 1: ultimate power over every part and every aspect of your life.
• 19:11
  Speaker 1: Tell me I'm wrong. Go around the world and look
• 19:15
  Speaker 1: at how they implement socialism. It's always when the people
• 19:18
  Speaker 1: are weak certainly not when they're strong. It's when the
• 19:21
  Speaker 1: people are weak. That's why she's trying to tell you
• 19:26
  Speaker 1: it's transformative. She's not lying to you about that. It
• 19:28
  Speaker 1: is transformative. It's transformative towards socialism. But the best two
• 19:32
  Speaker 1: words to use as it lowers cost at lowest cost
• 19:36
  Speaker 1: of childcare, it lowers cost of health care, and lowest
• 19:40
  Speaker 1: cost of food, and lowerst cost in so many ways
• 19:43
  Speaker 1: that are essential to America's working families. The very issues
• 19:48
  Speaker 1: that people struggle over the kitchen table to figure out
• 19:51
  Speaker 1: how we're going to pay the bills, the very issues
• 19:57
  Speaker 1: frightening things that people have trying to go to sleep
• 20:00
  Speaker 1: at night, how A we're going to pay the bills? Well,
• 20:02
  Speaker 1: build that better. By the way, the same people that
• 20:06
  Speaker 1: are the ones that create the situation, the scenario where
• 20:08
  Speaker 1: things are so bad in our economy right now, which
• 20:10
  Speaker 1: is the Democrats, are now the same people telling you
• 20:12
  Speaker 1: that you should trust them, that they're going to fix
• 20:14
  Speaker 1: the problems which they clearly cannot fix and they are
• 20:17
  Speaker 1: not fixing. They're telling you that they're going to fix
• 20:21
  Speaker 1: the problems which clearly there's no way they're going to
• 20:23
  Speaker 1: fix the problem. They're the ones that created the damn problem.
• 20:26
  Speaker 1: Now they're like, trust us while we fix the problem
• 20:28
  Speaker 1: that we just created. We're gonna put us into so
• 20:32
  Speaker 1: much debt that no one can breathe. We're gonna put
• 20:33
  Speaker 1: us into so much debt that no one will be
• 20:36
  Speaker 1: able to survive, and the American government will be transformed
• 20:40
  Speaker 1: from what it is now. If there's anything that Donald
• 20:44
  Speaker 1: Trump proved and it scared the living, you know what
• 20:47
  Speaker 1: how the Democratic Party it was this when you empower
• 20:49
  Speaker 1: people to take care of themselves and they are less
• 20:52
  Speaker 1: needy and less dependent on the federal government to survive
• 20:55
  Speaker 1: than they lose power pre COVID nineteen, look at what
• 21:00
  Speaker 1: we were doing in this country. You had the lowest
• 21:03
  Speaker 1: unemployment rate in history among African Americans, among Asian Americans,
• 21:07
  Speaker 1: among Native Americans, among single mothers. You have the lowest
• 21:11
  Speaker 1: unemployment rate for minorities Hispanic Americans that we've ever seen
• 21:14
  Speaker 1: in this country. And that threatened the control, and that
• 21:19
  Speaker 1: threatened the power of the Democratic Party, and they needed
• 21:25
  Speaker 1: to destroy this country. To get their power back. They
• 21:27
  Speaker 1: needed to have excessive spending so that it would be
• 21:30
  Speaker 1: some sort of financial collapse so people would then beg
• 21:33
  Speaker 1: for help and that the government could take over. And
• 21:36
  Speaker 1: that is exactly what they have done. And if you
• 21:39
  Speaker 1: don't think the system is rigged by the way totally
• 21:42
  Speaker 1: against you, let me just play you what Nancy Pelosi
• 21:44
  Speaker 1: said earlier, she was asked about members of Congress getting rich.
• 21:49
  Speaker 1: She's one of them becoming multi millionaires because they are
• 21:52
  Speaker 1: able to take advantage of what they're doing with our economy,
• 21:55
  Speaker 1: and their spouses are being able to basically have unlimited
• 22:00
  Speaker 1: insider trading information on what to invest in, and they've
• 22:03
  Speaker 1: been able to double and triple, in quadruple, in ten
• 22:05
  Speaker 1: x their money. Pelosi was asked, while all of this
• 22:08
  Speaker 1: is happening to you and I in this country, Hey,
• 22:10
  Speaker 1: should members of Congress and their spouses be banned from
• 22:13
  Speaker 1: trading individual stocks while serving in Congress? Oh? How dare
• 22:18
  Speaker 1: you say I should have to live by some some
• 22:20
  Speaker 1: basic rule? How dare you act like I should have
• 22:25
  Speaker 1: to serve the people instead of serve my own personal
• 22:27
  Speaker 1: self interests and become rich. Look at Nancy Pelosi's net
• 22:31
  Speaker 1: worth since she's been in Congress. It she is a
• 22:33
  Speaker 1: going to die an extremely rich woman while making one
• 22:38
  Speaker 1: hundred and some thousand dollars a year it doesn't work
• 22:40
  Speaker 1: that way does for her though insiders five month investigations,
• 22:47
  Speaker 1: But that's forty nine members hunger than one hundred eighty
• 22:50
  Speaker 1: two years congressions that violated the stock guys law. I want.
• 22:57
  Speaker 1: By the way, the reporter just said, hey, there was
• 22:59
  Speaker 1: a big internal investigation. Since said, a whole bunch of
• 23:00
  Speaker 1: members of Congress, Democrats and Republicans, I want to be
• 23:03
  Speaker 1: fair on this, have completely violated the rules and buying
• 23:08
  Speaker 1: and selling stocks withinside trading knowing what's happening with the
• 23:12
  Speaker 1: federal government. So what does Pelosi say again, now that
• 23:16
  Speaker 1: you understand the context, I'm playing for you the best
• 23:18
  Speaker 1: ideo I can get my hands on. Listen that should
• 23:20
  Speaker 1: drink into water and listen to response Congress that there's
• 23:25
  Speaker 1: de band from trading in the stocks. Now, I don't
• 23:29
  Speaker 1: know to this second one, um any we have a
• 23:33
  Speaker 1: responsibility to report in the stock on the stock, but
• 23:37
  Speaker 1: I don't. I'm not familiar with that five months review.
• 23:41
  Speaker 1: But if people aren't reporting, they should be because this
• 23:47
  Speaker 1: is a free market in people. We are a free
• 23:51
  Speaker 1: market economy that should be able to participate in that.
• 23:55
  Speaker 1: There it is we should be able to participate in that.
• 23:59
  Speaker 1: So we can keep doing what we're doing and whorring
• 24:01
  Speaker 1: out America. Will keep using your money to whore out America.
• 24:04
  Speaker 1: That's what we're going to keep doing. We're gonna keep
• 24:07
  Speaker 1: doing this no matter what proval ratings upside down, doesn't matter.
• 24:10
  Speaker 1: This will get us out of it right. This infrastructure bill,
• 24:13
  Speaker 1: she also wanted to say, protects the planet and improves
• 24:16
  Speaker 1: the quality of life of Americans based on what data
• 24:19
  Speaker 1: do you have to prove that. There is no data
• 24:21
  Speaker 1: to prove that. It's pretty exciting. We just bankrupt America.
• 24:27
  Speaker 1: That's why she's excited. We are bankrupting America right in
• 24:30
  Speaker 1: front of your very eyes, and you guys are too
• 24:32
  Speaker 1: stupid to understand it or comprehend it. And so we're
• 24:35
  Speaker 1: going to bankrupt America, which means we will have more
• 24:37
  Speaker 1: control over you, which means we have more power. Enthusiasm
• 24:41
  Speaker 1: that is out there for the President's package, his vision
• 24:46
  Speaker 1: for our country, building the infrastructure in a bipartisan bill
• 24:51
  Speaker 1: to do that all of us, many of us are
• 24:53
  Speaker 1: having our town meetings, are public events in our in
• 24:58
  Speaker 1: our own regions, and the response has just been so
• 25:02
  Speaker 1: optimistic about how these resources. By the way, that's a
• 25:07
  Speaker 1: lie the Gallop polling shows that everything you just said
• 25:09
  Speaker 1: about the public opinions a lie. In fact, the majority
• 25:11
  Speaker 1: of the public are actually against this. They're not in
• 25:14
  Speaker 1: favor of it, they're against it to build the infrastructure
• 25:17
  Speaker 1: in a way that brings the equity, fairness justice to
• 25:21
  Speaker 1: it all. Anytime they start using equity, fairness and justice,
• 25:24
  Speaker 1: that's when you know you're getting screwed. Those are co
• 25:26
  Speaker 1: words for you're getting screwed in a green way that
• 25:30
  Speaker 1: protects a green way. So now we're going to fix
• 25:32
  Speaker 1: the economy with a bill better back agenda that's now green.
• 25:35
  Speaker 1: How did that work out for us? Last time we
• 25:37
  Speaker 1: had a green agenda under Obama and Biden. It was
• 25:42
  Speaker 1: a disaster and a bunch of their friends got rich
• 25:44
  Speaker 1: and we got screwed. We had guaranteed loans, the places
• 25:47
  Speaker 1: like Celendra that went under the had no chance of
• 25:49
  Speaker 1: ever surviving or making it. It didn't matter because it
• 25:52
  Speaker 1: was an agenda that made every one of their friends rich.
• 25:56
  Speaker 1: That's what it did. And they're now doing it ten
• 26:00
  Speaker 1: x bigger than they did it last time, maybe fifty
• 26:02
  Speaker 1: x bigger. She's enthusiastic because she just realized the Democratic
• 26:07
  Speaker 1: Party just bankrupt the country, and it's gonna hurt Middle America.
• 26:10
  Speaker 1: It's gonna hurt small business owners. And now you're going
• 26:12
  Speaker 1: to be reliant on the government, which means they have
• 26:14
  Speaker 1: more power because we're not paying attention to this the environment,
• 26:20
  Speaker 1: and that again creates good paying union jobs of jobs
• 26:25
  Speaker 1: that again protect the planet. As we promote jobs, as
• 26:34
  Speaker 1: we move commerce, as we get people safely to and
• 26:38
  Speaker 1: from school and work without staying in the cars a
• 26:42
  Speaker 1: long time, so it improves the quality of life. So
• 26:45
  Speaker 1: that's for the infrastructure, build to build back better, enhances
• 26:50
  Speaker 1: all of that. So this is the biggest load of
• 26:52
  Speaker 1: blank I've ever heard coming out of her mouth, and
• 26:55
  Speaker 1: that's saying something. There's anything you take away from this today,
• 27:00
  Speaker 1: it's we're going bankrupt and they're doing it on purpose,
• 27:03
  Speaker 1: and it's so they can have an ultimate powergraph because
• 27:06
  Speaker 1: when the people are weak, the democrats can seize power
• 27:09
  Speaker 1: and they will be totally in control. And they don't
• 27:11
  Speaker 1: care if you're poor, they don't care, if you're suffering,
• 27:12
  Speaker 1: they don't care. If you can't put good food on
• 27:14
  Speaker 1: your table, they don't care. If you can't pay for
• 27:16
  Speaker 1: your kids to get a good school. They don't care
• 27:17
  Speaker 1: if you live in a safe neighborhood because they will
• 27:20
  Speaker 1: always be okay because they're in charge. They're the tyrants.
• 27:24
  Speaker 1: Tyrants never go hungry. Tyrants always succeed. Tyrants always have
• 27:32
  Speaker 1: a great quality of life. It's the people that suffer.
• 27:36
  Speaker 1: They're doing it on purpose. This isn't an accent. They're
• 27:39
  Speaker 1: not stupid folks, they're not idiots. They understand how the
• 27:42
  Speaker 1: economy works. They're just betting on you don't, which is
• 27:48
  Speaker 1: why you need to make sure you start learning the
• 27:50
  Speaker 1: stuff you need to understand. Hostel inflation. You'd understand that
• 27:54
  Speaker 1: one hundred thousand dollars last year is now worth ninety thousand.
• 27:57
  Speaker 1: You understand that if you had fifty thousand buying power
• 28:00
  Speaker 1: to go out, it's only worth forty five. Now. This
• 28:05
  Speaker 1: country is on fire with crime as well. They're not
• 28:08
  Speaker 1: talking about that. Look at the new carjacking reports. It's
• 28:11
  Speaker 1: not just our economy. They're taking away our basic rights
• 28:16
  Speaker 1: in this country to live in a safe society as well.
• 28:19
  Speaker 1: Carjackings up nationwide, Chicago at forty four percent, d See
• 28:22
  Speaker 1: up forty five percent, Portland up eighty percent, New York
• 28:25
  Speaker 1: City up eighty one percent year over year, we've lost
• 28:28
  Speaker 1: on order that's on purpose. We're now losing financial independence
• 28:32
  Speaker 1: that's on purpose. Please share this podcast on social media,
• 28:39
  Speaker 1: Text it to your friends, let them hear the data
• 28:42
  Speaker 1: I gave you today. Please write us a review and
• 28:46
  Speaker 1: auto download or subscribe to this podcast. It's free. Will
• 28:49
  Speaker 1: continue to cover these subjects of the media refuses to do,
• 28:52
  Speaker 1: each and every day. See you back here tomorrow.