Highlights from O'Reilly's No Spin News
Bill O’Reilly’s No Spin News and Analysis
Bill O'Reilly
3.7 • 12K Ratings
🗓️ 31 December 2022
⏱️ 44 minutes
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| 0:00.0 | Reviving in the Biden economy. |
| 0:15.0 | Okay, so yesterday we went over the grim details that have not been reported, and I've looked, |
| 0:21.7 | $7 trillion with a T in personal wealth in America has been lost in the first three quarters of this year. |
| 0:32.7 | $7 trillion. |
| 0:34.1 | That's not swamp money. |
| 0:36.3 | That's not G&P. It's not any of that. not gnp it's not any of that that's you and me okay |
| 0:41.8 | bank accounts shrinking home value shrinking um inflation taking away any kind of investment |
| 0:52.5 | opportunities we might have with discretionary income, all of that. |
| 0:56.8 | $7 trillion. |
| 0:58.3 | All right. |
| 0:59.4 | That is the worst decline since the Great Depression of 1929. |
| 1:03.9 | That's serious business, and it should be front page and the lead story on every television program, but it isn't because it reflects terribly on the Biden |
| 1:14.6 | administration. And that's the simple fact. Stock market down about 25%. In fact, at one point today, |
| 1:22.6 | 800 point swings. I mean, this is dangerous. This is dangerous. And I'm going to tell you in a moment, |
| 1:30.7 | you know, how to handle this. So, I mean, my advice, you don't have to take it, of course. |
| 1:35.3 | And real wages, that means even though you're getting raises, most of you, spending powers |
| 1:42.2 | down. So real wages right now, according to Fortune Magazine, which studies this stuff, |
| 1:47.5 | they're down 3%. The other sets I gave you from the Federal Reserve. The U.S. government is telling you |
| 1:54.4 | that $7 trillion has been carved off personal wealth in this country, |
| 2:01.6 | and money is power. |
| 2:03.6 | So as you get older, you need assets to protect yourself |
| 2:06.6 | from disease, from any kind of maladies that may befall you. |
... |
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