They Know Something Is About To Go Down. Or Do They? (Ep 2227)
Apr 11, 2024
auto_awesome
This episode covers ongoing global unrest, skyrocketing inflation, California's homeless crisis, record American credit card debt, and the impact of government spending on inflation rates.
Inflation surge under Biden administration contradicts wage increase claims.
Government spending contributes to inflation by printing more money for excessive expenditures.
Legal consequences for benefiting from perks spark concerns over excessive punishment and surveillance measures.
Deep dives
Inflation on the Rise Under Bidenomics
Inflation has surged under the Biden administration, with prices up almost 20% since Biden took office, compared to 1.4% when Trump left office. Average hourly earnings have decreased after inflation under Biden, contradicting claims of rising wages.
Government Spending and Inflation
Government spending has contributed to inflation, with the Federal Reserve printing more money to cover excessive expenditures. This increase in money supply leads to more money chasing the same goods, resulting in higher prices.
Trump Organization CFO Facing Jail Time
Alan Wesselberg, former CFO of the Trump Organization, is sentenced to five months in Rikers Island for benefiting from perks under Trump, like free parking, leading to questions about the excessive legal consequences.
Impact of Government Spying Power
Recent efforts to extend government spying powers through the Pfizer bill have caused concerns over privacy and surveillance. Lawmakers have pushed to slow down the bill to prevent excessive government intrusion.
Recommendation to Leave Liberal States
Amid increasing legal scrutiny and government overreach in liberal states, there is a call to leave such states to avoid potential legal repercussions and excessive control.
Details of Republican Lawmakers' Opposition to Pfizer Bill
Nineteen Republican lawmakers have taken a stand against the Pfizer bill, which grants extensive spying powers. While the bill has been slowed down, further action is required to address concerns over governmental intrusion.