Timcast IRL #301 - Inflation Just Hit 2008 Levels, The Big CRASH Is Coming w/FreedomToons
Timcast IRL
Timcast Media
4.5 • 7.6K Ratings
🗓️ 4 June 2021
⏱️ 129 minutes
🧾️ Download transcript
Summary
Tim, Ian, and Lydia join Seamus Coughlin, the artist behind FreedomToons, to examine global inflation reaching its highest point since 2008, Biden's big spending plans, the destruction and re-building of the George Floyd no-go zone, and the lengths Republicans won't go to for people like David Dorn.
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Transcript
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| 0:00.0 | Global inflation has hit its highest level since 2008 OECD says. |
| 0:06.5 | And then we also have some market indicators from Berkshire Hathaway, Warren Buffett, |
| 0:11.4 | and it looks like there may be a big market crash coming. Or we're also hearing that we're in a |
| 0:17.6 | V-shaped recovery and demand is so high supply hasn't caught up yet. The economy is just recovering |
| 0:22.5 | too quickly. Back when the market crashed in 2008, the media kept saying everything was fine. |
| 0:28.2 | Bye bye bye. It's fine. It's fine. Because if they start saying it's not fine, then the market |
| 0:33.1 | crashes. But they keep telling everyone it is fine, and then the market crashes, and then people |
| 0:36.6 | don't trust the media anymore. So I hope y'all are getting ready for this. Lumber prices are |
| 0:41.0 | through the roof as a meme going around showing a thousand dollars of the lumber back and fall. |
| 0:44.9 | Today, you can't get anything done. It's really crazy. It's making it extremely expensive to buy |
| 0:49.4 | houses. It's increasing the cost of houses by $40,000 for new constructions, which means people |
| 0:55.6 | are buying up houses at massive premiums, which is making it so middle class, working class, |
| 1:01.5 | and lower class people can't buy houses because rich people are desperately trying to get out |
| 1:05.1 | of the dollar, and buy houses they think are going to be undervalued. And then Joe Biden says, |
| 1:09.9 | we want to print several trillion dollars again. And a petition now says 2.3 million signatures, |
| 1:15.8 | a change that it works as, print another $2,000 per person stimulus. Because that's good news |
| 1:22.0 | for the economy, but hey, at the same time, the media saying, everything's a okay. So we're going |
| 1:26.8 | to get into all this stuff. Obviously, we have some stuff to talk about with Fauci. We can make |
| 1:31.0 | phone of CNN because their ratings are in the gutter and they're obsessed with Trump, and they know |
| 1:34.2 | they're obsessed with Trump, and Don Lemon's complaining about how they're obsessed with Trump, while |
| 1:38.3 | they still talk about Trump. Talk about a boring thing to talk about at this point. But anyway, |
| 1:42.8 | we're going to talk about it, and we're hanging out with Freedom Tunes, James Scott. Freedom Tunes. |
... |
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