Ep. 1514 - Biden’s Bear Market Arrives
The Ben Shapiro Show
The Daily Wire
4.4 • 152.4K Ratings
🗓️ 14 June 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The stock market officially hits bare market territory as the Fed desperately seeks to tamp down inflation. |
| 0:05.2 | The January 6th committee keeps rehashing the stuff we already knew. |
| 0:08.1 | And Pride Month continues with perverse displays in front of small children. |
| 0:11.2 | I'm Ben Shapiro. |
| 0:11.7 | This is The Ben Shapiro Show. |
| 0:18.8 | The Ben Shapiro Show is sponsored by ExpressVPN. |
| 0:21.2 | Protect your online privacy today at ExpressVPN.com slash Ben. |
| 0:24.0 | So bare market time, which means you might want to think about how you invest, right? |
| 0:28.5 | What's your investment strategy? |
| 0:30.1 | Here is the thing. |
| 0:31.4 | Out of control inflation is hammering the living crap out of the stock market at this point. |
| 0:35.8 | The S&P 500 is having its worst start to the year since World War II. We are now an official bare market territory. Now, it might be a decent time for you to diversify into gold. Now, here's the thing. You should have listened to me before. So if you didn't before, probably should listen now. Okay, gold is the most stable asset in the history of planet Earth. Birch Gold is the company I trust to help you convert an IRA or 401k into an IRA in gold and silver. That's right. Not only will Birch Gold help you fortify your savings with precious metals. They'll help you do it in a tax sheltered account. Text Ben, $98, 98, 98 to get started. Amazon stock is now down 37% in the first half of the year. Tesla is down 40% cryptos have been slammed. many fear the hawkish moves by the Fed could stall the economy. So what exactly is your plan? |
| 1:13.3 | Text Ben, to 98, 98, 98, get your free no obligation info kit on gold from Birch Gold. Ask all of your questions. Get all of your answers. I'm not saying like, get only into gold. I'm saying diversification is the smart thing to do. Birch gold, they are the precious metals professionals. I trust them enough to buy directly from them. |
| 1:28.4 | Text Ben, you 98, 98, 98, secure your savings today. Well, Bidenomics has been a giant failure. And the easiest way to tell that Bidenomics has been a giant failure is that we are now in a full-on bare market. According to the Wall Street Journal, the stock market sell-off deepened on Monday with the S&P 500 entering a bare market as investors took another look at Friday's red hot inflation |
| 1:46.6 | data and liked it even less, which is not a surprise because the inflation data month-onth on month was, again, 8.6% annualized inflation rate. That is a horrifying rate of inflation. |
| 1:56.0 | Faced with rising chances of aggressive monetary tightening by the Federal Reserve, investors broadly unloaded risk. |
| 2:00.4 | The S&P 500 slumped 3.9% as 495 of its 500 components ended the day lower. So that is not a matter of a few big companies that are dragging the rest of the market down. This is a matter of every single company, with the exception of like five companies, had its stock decline. And that is because people are looking at this economy and they're like, I don't have the extra cash. People are looking at the economy and |
| 2:21.4 | they are figuring they need to either liquidate their assets in order to pay the bills, or they're |
| 2:25.9 | trying to get out of the stock market because they believe that it's going to decline even further. |
| 2:29.7 | And given the fact that Joe Biden wants heavier regulations, heavier taxation, global |
| 2:33.5 | taxation schemes, |
| 2:35.0 | the likelihood is that we are now entering a period of significant economic stagnation over the course of the next several years, and maybe for the next decade. This is the really systemic problem here. It's not just inflation. Inflation, the Fed will get control of it. It'll be painful. It'll be a problem. the Fed is not going to be able to do this lukewarm thing where they gradually raise the inflation rate just ever so slightly and edge us away from inflationary territory and away from a recession. Instead, what's going to happen is that the Fed is going to have to clamp down because, again, the Federal Reserve, as much as people like to pretend it's a scalpel, it's not. It's a blunt instrument. The Federal Reserve does not have a magic wand |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Daily Wire, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Daily Wire and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

