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The Liz Wheeler Show

Putin Leads BRICS Meeting, THREATENS U.S. Sovereignty

The Liz Wheeler Show

Blaze Media

Daily News, News Commentary, News

4.94.2K Ratings

🗓️ 23 August 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Vladimir Putin recently led a three-day summit among emerging nations to create an alternative global reserve currency, challenging the U.S. dollar. Considering Joe Biden's reckless spending in Ukraine and its inflationary impact, Liz discusses the repercussions on America's superpower status due to a destabilized dollar. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

One of the biggest causes of inflation in our country is Joe Biden's spending. That's obvious,

0:04.0

but Joe Biden's spending specifically on the war in Ukraine. This is caused. This is devalued

0:09.2

our dollar because Joe Biden has printed so much money and spent so much money. It's devalued

0:14.1

our dollar, which of course causes inflation. It's very elementary monetary policy. What's interesting

0:19.7

is this is not just a threat to our way of life, right? We look at it how it impacts ourselves.

0:24.8

Like, oh my gosh, I filled up my gas tank and it was twice as much as it should have been. I bought

0:28.8

groceries and can you believe how much eggs cost and how much milk costs and oh look at my

0:33.6

paycheck. Even though technically Biden's bragging about wage increases, it has an outpaced

0:38.0

inflation. So the actual value of the money in our paycheck has shrunk because inflation has

0:42.4

increased. We often think of it as we should. This is totally normal human nature. I think of it

0:46.8

like this all the time. The way we think of it is oftentimes how it impacts our families. Our

0:51.2

families are the primary things that we take care of. That's fine. That's normal. We should be

0:54.8

thinking about our families. However, one of the biggest dangers of the Ukraine war isn't just

1:00.0

the incredible loss of life that's happening there. The needless loss of life. All the Russian

1:04.0

soldiers that are killed, all the Ukrainian soldiers that are killed. It's not just about

1:08.5

Vladimir Putin himself. It's about US monetary policy and how it is tied into the funding of

1:17.4

Ukraine and what the downstream effects. And I know this sounds really boring, but this is one of

1:21.5

the things that I feel most passionate about right now because it's going to impact our way of

1:26.0

life in a much more significant way than the cost of eggs and the cost of milk and how much it costs

1:31.4

us to fill up our gas tank with gasoline at the gas station. This is going to fundamentally change

1:39.3

what it means to be American. And what I mean by that is if the US dollar is devalued as Joe Biden

1:46.0

is devaluing it by continuing to send money to Ukraine, then other countries around the world are

...

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