Breaking Points with Krystal and Saagar 6/14/22: Market Crash, Crypto Black Monday, Ukrainian Military, Trump Grift, Amazon Union, Gas Prices, & More!
Jun 14, 2022
James Lee, a partner at Breaking Points known for his sharp analysis of political and economic issues, joins the discussion on recent market turmoil. They dive into the stock market crash and the collapse of cryptocurrencies, exploring how these events affect everyday Americans. The podcast also tackles the complex dynamics of the Ukraine conflict and highlights the challenges Amazon workers face in their unionization efforts. Finally, they shed light on the influence of financial misconduct on political narratives and rising gas prices.
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Market Crash and Biden's Response
- The stock market tumbled into bear territory, causing significant losses for investors, especially those relying on index funds.
- President Biden's economic reassurances feel disconnected from the reality of inflation and rising costs.
Impact of Gas Prices
- Rising gas prices consume a substantial portion of Americans' income, impacting their spending power.
- The average American now spends 10% of their after-tax income on gas, up from 2-5%.
Campaign Fundraising Tactics
- Unsubscribe from excessive campaign emails to avoid manipulative messaging.
- Be aware that politicians often exploit anxieties for fundraising, regardless of your political affiliation.
