A Comprehensive Takedown of the Biden Economic Disaster with Maria Bartiromo & David Sacks

The Charlie Kirk Show

Charlie Kirk

News Commentary, News, Politics, Society & Culture

4.5 • 44.1K Ratings

🗓️ 18 June 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the American Economy continues its downward death spiral, Charlie brings on two of the sharpest minds in the movement when it comes to inflation, stocks, and the overall state of the economy—Maria Bartiromo, host of Sunday Morning Futures on Fox News and venture capitalist David Sacks, Co-Founder of Craft Ventures and Founding COO of PayPal—to discuss. First, Maria and Charlie talk through Inflation and the Bonds Market and what the next few months look like for the American Consumer. Next, David walks through the state of the Stock Market, investing, and even a personal insight into the future of Elon Musk's purchase of Twitter.

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Transcript

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0:00.0	Hey everybody today in the Charlie Kirk show a rather comprehensive financial episode here about the economy.
0:05.7	You have any anxiety about the economy. This is the episode for you within two incredible experts Maria Bartoromo and David Sacks,
0:12.8	the mastermind behind PayPal, one of the masterminds behind PayPal alongside Peter Teal and Elon Musk.
0:18.6	You can email me your thoughts as always free to met Charlie Kirk.com. I love hearing from you.
0:23.1	Please support the Charlie Kirk show at Charlie Kirk.com slash support. Get involved with Turning Point USA Today at tpuusa.com.
0:32.0	Start a high school chapter, start a college chapter today at tpuusa.com. Come to our student action summit at tpuusa.com slash s a s.
0:41.9	That is tpuusa.com slash s a s.
0:45.8	Email me your thoughts as always freedom at Charlie Kirk.com. I love hearing from you. Buckle up everybody here. We go.
0:52.1	Charlie what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk.
0:59.5	Charlie Kirk is running the White House folks. I want to thank Charlie's an incredible guy. His spirit is love of this country. He's done an amazing job.
1:08.3	Building one of the most powerful youth organizations ever created Turning Point USA. We will not embrace the ideas that have destroyed countries,
1:17.2	destroyed lives and we are going to fight for freedom on campuses across the country. That's why we are here.
1:24.9	Brought to you by Andrew and Todd at Sierra Pacific Mortgage for personalized loan services you can count on go to Andrew and Todd.com.
1:32.1	The wonderful Andrew and Todd.com.
1:37.6	There's just so much economic uncertainty right now. I'm getting text messages from people all across the country.
1:44.0	There is a lack of clarity. There is a lack of understanding of what is happening in the markets. What is happening next.
1:52.9	The best economic conditions are ones that are predictable. This is far from predictable. It's chaotic. It is uncertain. It is incredibly fragile right now.
2:03.8	It's well known. People are experiencing it. Let's play some tape here right now. Let's play Cut 27. NBC talking about inflation hitting a record high.
2:15.8	Play Cut 27.
2:17.8	The money ball numbers year over year headline 8.6. A new cycle high usurping March which was 8.5. That was the highest since 1981.
2:31.8	Now 8.6 continues to be the highest since 1981 because of the comp there is 8.9 to 11.8%. And if we look at year over year core also hotter than expectations up 6%. Following 6.2%.
2:47.8	No one has their finger more to the pulse of what's really happening in the markets. What's happening in the economy.
	...

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