Breaking Points with Krystal and Saagar 6/20/22: Recession Warnings, Uvalde Coverup, Buttigieg Failures, Biden Fitness, Assange Case, Global Unrest, & More!
Jun 20, 2022
Peter Zeihan, a renowned geopolitical strategist and author, joins to discuss pressing global issues. He delves into recession indicators and the turmoil in the cryptocurrency market. The conversation also covers the Uvalde police cover-up and the implications of President Biden's biking accident on perceptions of aging leaders. Zeihan examines the complexities of Julian Assange's legal battles and the broader implications for press freedom. Additionally, the impact of globalization on inflation and the shifting dynamics of the economy are explored, providing a thought-provoking analysis of today's world.
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Recession and Inflation Uncertainty
- The Treasury Secretary says a recession isn't "inevitable," but uses unclear language about its likelihood.
- Inflation is expected to remain high through the year, requiring continued Fed action, impacting working-class people.
Biden's Inflation Stance
- President Biden states a recession is "not inevitable" and claims the U.S. is well-positioned to overcome inflation.
- He cites post-WWII economic indicators, but consumer sentiment parallels that era's hardships.
End of Easy Money
- The U.S. economy has relied on cheap money for 40 years, facilitating easy borrowing and government intervention.
- This era of cheap money is ending, leading to a new economic climate with potential challenges.
