4.6 • 757 Ratings
🗓️ 24 June 2022
⏱️ 42 minutes
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0:00.0 | So what we're seeing here is sort of the aftermath. |
0:03.9 | Now everything's starting to sort of go pear-shaped. |
0:06.7 | And again, Federal Reserve was begging for inflation for years. |
0:11.2 | Well, they got their inflation. |
0:12.7 | Now we're on the other side of the mountain, Danny. |
0:14.7 | And they're trying to tamp this down. |
0:16.3 | And in doing so, look what's happened in the economy right before our very eyes. |
0:20.4 | All the economic data's come out over the last couple weeks. It's happened in the economy right before our very eyes. All the economic |
0:21.1 | data has come out over the last couple weeks has been in a word shitty. And my sense is it's |
0:26.1 | going to get shittier. And that's what they wanted on the way in. And now that's what they're |
0:30.7 | trying to fix on the way out. And their ramifications for this. And you know, what upsets me |
0:35.2 | the most and people say, why do you get so exercised about the |
0:37.9 | Federal Reserve? It's because the people they screwed going in with the lower and middle class |
0:43.0 | people, and the people getting screwed on the way out are those same people. They're getting |
0:46.4 | on both ends. And you know who wins? The top, the wealthiest, they went on the way in. And guess what? |
0:51.7 | They went on the way out. You know why? Because they'll go to their fucking cocktail parties this weekend, and they'll laugh about, |
0:57.3 | oh, I paid $6 a gallon. |
0:58.8 | Oh, I paid $6.5 a gallon. |
1:00.8 | And it doesn't affect their life one iota. |
1:03.3 | And that, to me, that's what's heartbreaking about this entire thing. |
1:06.6 | And you know what? |
1:07.6 | You can at me on Twitter. It's all at the feet of the Federal Reserve. |
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