News: Here's How The Fed Is Making Inevitable Recession Much WORSE!!
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 12 July 2023
⏱️ 14 minutes
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| 0:00.0 | Hello, fellow Rebel capitalists, hope you're well. |
| 0:02.5 | So I just got done doing the Whiteboard video, |
| 0:04.6 | and I think it's something very important |
| 0:06.5 | that we need to go over right now on a live stream. |
| 0:10.8 | It's all about how the Fed is making the inevitable recession much, much worse. |
| 0:18.0 | So first and foremost, let's get right into something called the Phillips Curve. |
| 0:23.9 | Now most of you know what this is, |
| 0:25.3 | but for the noobs to the channel, |
| 0:28.4 | it's very easy. |
| 0:29.5 | And why we want to start here is because this is what the Fed and the Central Planters the Keynesians |
| 0:35.7 | the all crewman types this is what they hyper focus on and I said in the whiteboard video that it's crazy. |
| 0:43.2 | It's like when you go to get your PhD in economics, |
| 0:45.9 | what they do is they take out your common sense |
| 0:49.8 | and they replace it with insanity. It's like I remember watching an episode of the |
| 0:54.9 | Simpsons one time and Homer was like learning French or something like that but he |
| 1:01.0 | could only fit so much stuff into his brain. |
| 1:04.0 | So when the new stuff came in, like old stuff would go out. |
| 1:08.0 | So he's like, like what he would learn a couple extra words in in French but yet he'd forget like Bart's name and then he'd forget like all these other things because there's only so much room in there. |
| 1:21.8 | And it's like the exact same thing with these PhD economists that |
| 1:26.0 | they start with quite a bit of common sense but there's not enough room in there for the |
| 1:31.0 | common sense and the Keynesian insanity. |
| 1:35.0 | So when the Keynesian insanity comes in, the common sense goes out just like Homer Simpson |
... |
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