Episode 2153: We Have Dug Ourselves Into A Financial Hole And Will Take Time To Climb Out; The FBI Seize Mike Lindell's Phone; WH Executive Order Funding $2 Billion For Mad Scientists
Bannon`s War Room
WarRoom.org
4.5 • 16.4K Ratings
🗓️ 14 September 2022
⏱️ 56 minutes
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| 0:00.0 | in a short-term job when the price level moves from what's |
| 0:03.7 | say let's say the price level was at 100 pre-COVID. |
| 0:07.6 | The real price level today is like 140. |
| 0:10.0 | We printed 40% more money. |
| 0:11.9 | We doubled the Fed's balance sheet. |
| 0:13.8 | They ran apartment rents 18% a year for two years. |
| 0:17.8 | And we all know how much impact are the net |
| 0:21.7 | effect of the impact of that. |
| 0:22.9 | Printing has been on our own balance sheets, our own savings. |
| 0:28.1 | But what the Fed has taught politicians |
| 0:31.3 | is that it's OK to spend. |
| 0:33.0 | And it's OK to spend recklessly and frivolously. |
| 0:35.6 | When was the last time you heard the words T-party used? |
| 0:39.5 | I mean, we just forgot about the T-party. |
| 0:41.8 | We forgot about any kind of fiscal balancing |
| 0:44.8 | because the Fed just taught the politicians that they will |
| 0:47.2 | be there. |
| 0:48.3 | And now they're trying to reign it all in. |
| 0:49.9 | And the reigning it in so aggressively |
| 0:52.4 | that I don't think they'll be able to take a trillion off |
| 0:54.9 | the balance sheet before they have to stop. |
| 0:56.6 | And I don't think it's positive for risk assets |
... |
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