News: Inflation Time Bomb Was Just Released (Do This ASAP)
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 10 October 2023
⏱️ 16 minutes
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Summary
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Transcript
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| 0:00.0 | Hello for the rebel capitals, hope you're well. So in the news, Joe Biden comes out and potentially |
| 0:09.2 | triggers the next wave of consumer price inflation or at the very least triggers some tailwind to |
| 0:18.7 | consumer price inflation. How does this play out? Well, let's go through this article and at the end of this video try to connect some dots. We're going to go right over to the Wall Street Journal and here we go. Most of you know that October is notorious or a couple different reasons. First and foremost, like we discussed on this channel today, I think in the last video, October is when we had the stock market crash of |
| 0:45.9 | 1929 and 1987. And a lot of these charts look like 2023 may end up the exact same way again only |
| 0:55.3 | probabilities there are no certainties but another thing that October is now |
| 1:00.1 | infamous for is the return to student loan payments, at least for some people. |
| 1:07.8 | And we've been talking about that on this channel quite extensive, about 35 million people can have to start paying back their student |
| 1:14.4 | loan but now 125,000 minus 35 million and now 125,000 obviously a drop in the bucket. |
| 1:24.3 | But if it keeps going this way, |
| 1:26.0 | we could see this stoke another wave |
| 1:28.8 | of consumer price inflation, |
| 1:29.9 | or at least give it some tailwind here. |
| 1:31.6 | Something we have to consider. |
| 1:33.5 | So how the White House keeps canceling student debt |
| 1:36.2 | after Supreme Court ruling. |
| 1:37.7 | So the bottom line is Supreme Court's came out |
| 1:41.0 | said, no, Biden, you can't do this and his administration is just |
| 1:45.0 | basically telling them to pound sand and giving them the middle finger and saying |
| 1:49.1 | okay Supreme Court whatever we'll just go around you by, through these loopholes. |
| 1:55.8 | So in the spirit of the law, the Biden administration is breaking, or I should say they're |
| 2:02.0 | breaking the spirit of the law. |
| 2:04.0 | That's probably the best way to look at it, which just goes to show you that we're no longer |
... |
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